Leocor Gold : Interim Financial Statements at January 31, 2022.

03/29/2022 | 04:28pm EDT

LEOCOR GOLD INC. (formerly Leocor Ventures Inc.)

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED JANUARY 31, 2022 AND 2021

Expressed in Canadian Dollars

NOTICE OF NO AUDITOR REVIEW OF INTERIM CONSOLIDATED FINANCIAL STATEMENTS

Under National Instrument 51-102, Part 4, subsection 4.3(3) (a), if an auditor has not performed a review of the interim consolidated financial statements, they must be accompanied by a notice indicating that the interim consolidated financial statements have not been reviewed by an auditor.

The accompanying unaudited interim consolidated 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 interim consolidated financial statements in accordance with standards established by the Canadian Institute of Chartered Professional Accountants for a review of interim consolidated financial statements by an entity's auditor.

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION Expressed in Canadian Dollars

January 31, 2022	October 31, 2021
$	$
ASSETS
Current
Cash	8,068,157	9,180,858
Receivable	267,653	147,708
Prepaid expenses	78,202	33,906
8,414,012	9,362,472
Exploration and evaluation assets (Note 5)	6,640,711	5,854,912
15,054,723	15,217,384
LIABILITIES AND EQUITY
Current
Accounts payable and accrued liabilities	311,595	409,880
Flow through share premium liability (Note 6)	49,819	225,046
361,414	634,926
Equity
Share capital (note 7)	16,635,172	16,515,472
Share-based payment reserve	1,746,920	1,746,920
Deficit	(3,688,783)	(3,679,934)
14,693,309	14,582,458
15,054,723	15,217,384
Nature and continuance of operations (Note 1)
Commitments (Note 10)
Subsequent event (Note 11)
1

The accompanying notes are an integral part of these financial statements.

Approved and authorized for issue on behalf of the Board on March 25, 2022:Ob behalf of the Board:

"Alex Klenman"

"Alexander Stares"

Director

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS Expressed in Canadian Dollars

Three months ended January 31,

2022	2021
$	$
EXPENSES
Audit fee	(2,150)	4,600
Consulting	105,995	15,000
Filing fee	13,022	16,332
Foreign exchange	208	230
Investor relations	3,000	5,548
Legal fees	3,012	23,887
Marketing	14,375	-
Office and administration	33,514	17,676
Geological	13,100	-
Operating expenses	(184,076)	(83,273)
OTHER ITEMS
Flow-through shares tax recovery (Note 6)	175,227	-
Loss on acquisition of subsidiary	-	(2,326,036)
Net loss	(8,849)	(2,409,309)
Basic and diluted loss per share	(0.00)	(0.12)
Weighted average number of common shares outstanding	54,144,069	19,751,631
2

The accompanying notes are an integral part of these financial statements.

LEOCOR GOLD INC. (formerly Leocor Ventures Inc.)

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY Expressed in Canadian Dollars

Number of	Share-based
common	Share	payment	Total
shares	capital	reserve	Deficit	equity
$	$	$	$
Balance, October 31, 2020	24,284,614	3,077,613	534,953	(1,234,102)	2,378,464
Shares issued for acquisition of subsidiary	4,750,001	2,375,000	-	-	2,375,000
Shares issued for exploration and
evaluation assets	133,333	66,667	-	-	66,667
Comprehensive loss for the period	-	-	-	(2,409,309)	(2,409,309)
Balance, January 31, 2021	29,167,948	5,519,280	534,953	(3,643,411)	2,410,822
Balance, October 31, 2021	53,878,069	16,515,472	1,746,920	(3,679,934)	14,582,458
Exercise of options	266,000	119,700	-	-	119,700
Comprehensive loss for the period	-	-	-	(8,849)	(8,849)
Balance, January 31, 2022	54,144,069	16,635,172	1,746,920	(3,688,783)	14,693,309

The accompanying notes are an integral part of these financial statements.

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Leocor Ventures Inc. published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2022 20:27:06 UTC.

LEOCOR GOLD INC.

Leocor Gold : Interim Financial Statements at January 31, 2022.

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