Jayden Resources : Quarterly Report - June 30, 2020
July 26, 2022 at 03:50 pm EDT
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Jayden Resources Inc.
Condensed Interim Financial Statements
For the period June 30, 2020
Address:
Suite #2250, 1055 West Hastings Street
Vancouver, British Columbia
V6E 2E9
Contact:
Herrick Lau
Chief Financial Officer
Telephone number:
(604) 688-9588
Fax number:
(778) 329-9361
Email address:
hlau@jaydenresources.com
Website:
www.jaydenresources.com
Contents
Page
Management's Responsibility
3
Statements of Operations and Comprehensive Loss
4
Statements of Financial Position
5
Statements of Changes in Equity
6
Statements of Cash Flows
7
Notes to the Financial Statements
8-19
Condensed Interim Financial Statements
Six Months Ended June 30, 2020
NOTICE OF NO AUDITOR REVIEW OF CONDENSED
INTERIM FINANCIAL STATEMENTS
The accompanying unaudited condensed interim financial statements of Jayden Resources Inc. for the six months ended June 30, 2020 have been prepared by the management of the Company and approved by the Company's Audit Committee and the Company's Board of Directors.
Under National Instrument 51-102, Part 4, subsection 4.3 (3) (a), if an auditor has not performed a review of the condensed interim financial statements, they must be accompanied by a notice indication that an auditor has not reviewed the condensed interim financial statements.
The accompanying unaudited condensed interim financial statements of the Company have been prepared by and are the responsibility of the Company's management.
The Company's independent auditor has not performed a review of these condensed interim financial statements in accordance with standards established by the Canadian Institute of Chartered Accountants for a review of the condensed interim financial statements by an entity's auditor.
Jayden Resources Inc.
Statements of Operations and Comprehensive Loss (Expressed in Canadian dollars)
Three Months Ended
Six Months Ended
June 30
June 30
Notes
2020
2019
2020
2019
Expenses
Administrative expenses
4
$
(74,892)
$
(64,153)
$
(101,048)
$
(126,726)
Other income (loss)
Interest income
-
-
165
208
Realized loss on disposal of marketable securities
5
$
-
(34,269)
-
(4,440,841)
Net loss from operations
(74,892)
(98,422)
(100,883)
(4,567,359)
Other comprehensive loss
Item that may be reclassified subsequently to profit or loss :
Unrealized gain (loss) on available-for-sale investments
$
-
2,040
-
(34,000)
Comprehensive loss for the period
$
(74,892)
$
(96,382)
$
(100,883)
$
(4,601,359)
Loss per share
- Basic and diluted
$
(0.00)
$
(0.00)
$
(0.00)
$
(0.05)
Weighted average number of common shares outstanding
- Basic and diluted
90,995,746
90,995,746
90,995,746
90,995,746
The accompanying notes are an integral part of these financial statements.
4
Jayden Resources Inc.
Statements of Financial Position (Expressed in Canadian dollars)
As at
June 30
December 31,
Notes
2020
2019
$
$
ASSETS
Current assets
Cash and cash equivalents
7,787
51,193
GST receivables
4,458
5,543
Prepaid expenses
4,073
671
Marketable securities
5
-
-
Total Assets
16,318
57,407
Liabilities and Shareholders' Equity
Current liabilities
Account payable and accrued liabilities
169,585
109,791
Total Liabilities
169,585
109,791
Shareholders' Equity
Share capital
6
46,759,995
46,759,995
Reserves
2,173,333
2,173,333
Deficit
(49,086,595)
(48,985,712)
Total equity
(153,267)
(52,384)
Total Liabilities and Shareholders' Equity
16,318
57,407
Approved on Behalf of the Board
"Denise Lok" Director
Denise Lok
"Queenie Kuang" Director
Queenie Kuang
The accompanying notes are an integral part of these financial statements.
5
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Jayden Resources Inc. published this content on 26 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2022 19:49:04 UTC.
Jayden Resources Inc. is a Canada-based mining exploration company. The Company is engaged in the business of acquiring, exploring, and developing interests in mining projects located primarily in Canada. The Company is focused on acquiring approximately 100% interest in the Storm Lake gold property located on the Frotet-Evans Greenstone Belt in central Quebec, approximately 150 kilometers northeast of the town of Matagami. Storm Lake consists of 48 contiguous claims that cover a gross area of approximately 2,610 hectares. The Company has completed the Phase I work and plans to complete an approximately 5,000 meters diamond drill program. The Company also entered into a purchase agreement to acquire approximately 100% interest in Wheatcroft Project located within the Kisseynew Domain in northwestern Manitoba. The Wheatcroft project covers 97,501 hectares and 35 kilometers of strike length along the northern margin of the Kisseynew Gneiss Belt (KGB) in Northern Manitoba.