CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(Unaudited - expressed in Canadian dollars)
For the three months ended July 31, 2022 and 2021
NOTICE OF NO AUDITOR REVIEW OF
CONDENSED INTERIM FINANCIAL STATEMENTS
In accordance with National Instrument 51-102 Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of these condensed consolidated interim financial statements, they must be accompanied by a notice indicating that these condensed consolidated interim financial statements have not been reviewed by the Company's auditors.
The accompanying unaudited condensed consolidated interim financial statements of the Company have been prepared by and are the responsibility of the Company's management.
MINAURUM GOLD INC.
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION (Unaudited - expressed in Canadian dollars)
July 31, 2022 | April 30, 2022 | |||
ASSETS | ||||
Current assets | ||||
Cash | $ | 4,765,305 | $ | 6,316,230 |
Receivables (Note 4) | 11,332 | 12,127 | ||
Marketable securities (Note 5) | 1,098,979 | 2,442,175 | ||
Prepaid expenses | 74,910 | 106,916 | ||
5,950,526 | 8,877,448 | |||
Exploration and evaluation assets (Note 6) | 7,882,029 | 7,823,211 | ||
$ | 13,832,555 | $ | 16,700,659 | |
LIABILITIES | ||||
Current liabilities | ||||
Accounts payable and accrued liabilities (Note 7) | $ | 953,831 | $ | 625,314 |
953,831 | 625,314 | |||
Deferred income tax liability | 201,000 | 201,000 | ||
201,000 | 201,000 | |||
SHAREHOLDERS' EQUITY | 1,154,831 | 826,314 | ||
Share capital (Note 8) | 58,648,566 | 58,648,566 | ||
Reserves (Note 8) | 8,080,234 | 7,291,731 | ||
Deficit | (54,051,076) | (50,065,952) | ||
12,677,724 | 15,874,345 | |||
$ | 13,832,555 | $ | 16,700,659 |
NATURE AND CONTINUANCE OF OPERATIONS (NOTE 1)
SUBSEQUENT EVENTS (NOTE 11)
The accompanying notes are an integral part of these condensed consolidated interim financial statements.
SIGNED: "Lawrence Talbot"
SIGNED: | "Darrell A. Rader" |
MINAURUM GOLD INC.
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF LOSS AND COMPREHENSIVE LOSS (Unaudited - expressed in Canadian dollars)
Three months ended July 31, | ||||
2022 | 2021 | |||
EXPENSES | ||||
Consulting fees (Note 7) | $ | 114,517 | $ | 129,800 |
Directors' fees (Note 7) | 20,000 | 25,000 | ||
Exploration costs (supplemental schedule) (Note 6, 7) | 1,498,104 | 960,166 | ||
Filing and registration | 10,481 | (15,252) | ||
Foreign exchange | 35,448 | 64,961 | ||
Investor relations and marketing | 53,319 | 159,563 | ||
Office and administration | 54,254 | 33,134 | ||
Professional fees | 73,940 | 49,615 | ||
Share-based payments (Note 7, 8(c)) | 788,503 | 518,585 | ||
Travel and meals | 4,240 | 3,176 | ||
OPERATING LOSS | (2,652,806) | (1,928,748) | ||
Interest income | 10,878 | 30,277 | ||
Fair value adjustment of marketable securities (Note 6) | (1,343,196) | - | ||
(1,332,318) | 30,277 | |||
TOTAL LOSS AND COMPREHENSIVE | ||||
LOSS FOR THE PERIOD | $ | (3,985,124) | $ | (1,898,471) |
LOSS PER COMMON SHARE, BASIC AND DILUTED | $ | (0.01) | $ | (0.01) |
WEIGHTED AVERAGE NUMBER OF COMMON SHARES | ||||
COMMON SHARES OUTSTANDING, | ||||
OUTSTANDING, BASIC AND DILUTED | 366,209,046 | 346,759,046 |
The accompanying notes are an integral part of these condensed consolidated interim financial statements.
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MINAURUM GOLD INC.
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited - expressed in Canadian dollars)
Number | Share-based | |||||||||
of shares | Share capital | reserves | Deficit | Total equity | ||||||
April 30, 2021 | 341,259,046 | $ | 51,437,307 | $ | 3,521,755 | $ | (43,490,308) | $ | 11,468,754 | |
Shares issued for cash | 23,000,000 | 9,200,000 | - | - | 9,200,000 | |||||
Residual value on warrants issued | - | (1,610,000) | 1,610,000 | - | - | |||||
Share issuance costs | - | (992,790) | 189,423 | - | (803,367) | |||||
Share-based payments | - | - | 518,585 | - | 518,585 | |||||
Total comprehensive loss for the period | - | - | - | (1,898,471) | (1,898,471) | |||||
July 31, 2021 | 364,259,046 | 58,034,517 | 5,839,763 | (45,388,779) | 18,485,501 | |||||
Share issuance costs | - | (6,038) | - | - | (6,038) | |||||
Shares issued on exercise of options | 950,000 | 320,087 | (225,087) | - | 95,000 | |||||
Shares issued for mineral properties | 1,000,000 | 300,000 | - | - | 300,000 | |||||
Share-based payments | - | - | 1,677,055 | - | 1,677,055 | |||||
Total comprehensive loss for the period | - | - | - | (4,677,173) | (4,677,173) | |||||
April 30, 2022 | 366,209,046 | 58,648,566 | 7,291,731 | (50,065,952) | 15,874,345 | |||||
Share-based payments | - | - | 788,503 | - | 788,503 | |||||
Total comprehensive loss for the period | - | - | - | (3,985,124) | (3,985,124) | |||||
July 31, 2022 | 366,209,046 | $ | 58,648,566 | $ | 8,080,234 | $ | (54,051,076) | $ | 12,677,724 |
The accompanying notes are an integral part of these condensed consolidated interim financial statements.
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Minaurum Gold Inc. published this content on 27 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2022 22:25:02 UTC.