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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| European Metals Holdings Limited | LSE:EMH | London | Ordinary Share | VGG3191T1021 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.75 | -3.53% | 20.50 | 19.00 | 20.00 | 21.50 | 19.50 | 21.25 | 694,462 | 16:35:07 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | 1.12M | -5.93M | -0.0286 | -8.74 | 51.83M |
From Apr 2019 to Apr 2024
TIDMEMH
RNS Number : 5580M
European Metals Holdings Limited
31 July 2017
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
-+Rule 5.5
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
ntroduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16
Hot Features
Premium
Name of entity
EUROPEAN METALS HOLDINGS LIMITED (ASX: EMH)
-------------------------------------------
ABN Quarter ended (Current
quarter)
55 154 618 989 30 June 2017
-------------- ----------------------
Consolidated statement of cash Year to
flows Current date
quarter (12 Months)
$A'000 $A'000
--------- -------------
1. Cash flows from operating activities
1.1 Receipts from customers - -
1.2 Payments for: - -
(a) exploration and evaluation (1,018) (4,362)
(b) development - -
(c) production - -
(d) staff costs and board remuneration (145) (406)
(e) administration and corporate
costs (75) (825)
(f) UK Listing - (52)
1.3 Dividends received (see note - -
3)
1.4 Interest received 1 13
1.5 Interest and other costs of - -
finance paid
1.6 Income taxes paid - -
1.7 Research and development refunds - -
1.8 Other (provide details if material) - -
1.9 Net cash from / (used in) operating
activities (1,237) (5,664)
------------------------------------------------ --------- -------------
2. Cash flows from investing activities
2.1 Payments to acquire: - -
(a) property, plant and equipment (1) (322)
(b) tenements (see item 10) - -
(c) investments - -
(d) other non-current assets - -
2.2 Proceeds from disposal of: - -
(a) property, plant and equipment -
(b) tenements (see item 10) - -
(c) investments - -
(d) other non-current assets - -
2.3 Cash flows from loans to other - -
entities
2.4 Dividends received (see note - -
3)
2.5 Other (provide details if material) - -
2.6 Net cash from / (used in) investing
activities ( 1) (322)
------------------------------------------------ --------- -------------
(1) Excludes amounts incurred and accrued in respect to exploration activities as at 30 June 2017, paid in July 2017, refer also 9.1.
Consolidated statement of cash Year to
flows Current date
quarter (12 Months)
$A'000 $A'000
----------------------------------------- --------- -------------
3. Cash flows from financing activities
3.1 Proceeds from issues of shares 436 3,576
3.2 Proceeds from issue of convertible - -
notes
3.3 Proceeds from exercise of share - -
options
3.4 Transaction costs related to
issues of shares, convertible notes
or options (198) (279)
3.5 Proceeds from borrowings - -
3.6 Repayment of borrowings - -
3.7 Transaction costs related to - -
loans and borrowings
3.8 Dividends paid - -
3.9 Other (provide details if material) - -
--------- -------------
3.10 Net cash from / (used in)
financing activities 238 3,297
----------------------------------------- --------- -------------
4. Net increase / (decrease) in
cash and cash equivalents for the
period
4.1 Cash and cash equivalents at
beginning of quarter/year to date 1,446 3,135
4.2 Net cash from / (used in) operating
activities (item 1.9 above) (1,237) (5,664)
4.3 Net cash from / (used in) investing
activities (item 2.6 above) ( 1) (322)
4.4 Net cash from / (used in) financing
activities (item 3.10 above) 238 3,297
4.5 Effect of movement in exchange - -
rates on cash held
--------- -------------
4.6 Cash and cash equivalents at
end of quarter 446 446
----------------------------------------- --------- -------------
5. Reconciliation of cash and cash
equivalents
at the end of the quarter (as shown
in the consolidated statement of Current Previous
cash flows) to the related items quarter quarter
in the accounts $A'000 $A'000
--------- ---------
5.1 Bank balances 446 1,446
5.2 Call deposits - -
5.3 Bank overdrafts - -
5.4 Other (provide details) - -
--------- ---------
5.5 Cash and cash equivalents at
end of quarter (should equal item
4.6 above) 446 1,446
--------------------------------------------- --------- ---------
6. Payments to directors of the entity Current
and their associates quarter
$A'000
---------
6.1 Aggregate amount of payments to these
parties included in item 1.2 70
---------
6.2 Aggregate amount of cash flow from
loans to these parties included in item
2.3 -
---------
6.3 Include below any explanation necessary to
understand the transactions included in items
6.1 and 6.2
----------------------------------------------------------
Nil.
----------------------------------------------------------
7. Payments to related entities of the Current
entity and their associates quarter
$A'000
---------
7.1 Aggregate amount of payments to these
parties included in item 1.2 35
---------
7.2 Aggregate amount of cash flow from
loans to these parties included in item
2.3 -
---------
7.3 Include below any explanation necessary to
understand the transactions included in items
7.1 and 7.2
----------------------------------------------------------
Nil.
----------------------------------------------------------
8. Financing facilities available Total Amount
Add notes as necessary for an understanding facility drawn
of the position amount at quarter
at quarter end
end $A'000
$A'000
------------ ------------
8.1 Loan facilities 1,750 -
------------ ------------
8.2 Credit standby arrangements - -
------------ ------------
8.3 Other (please specify) - -
------------ ------------
8.4 Include below a description of each facility
above, including the lender, interest rate and
whether it is secured or unsecured. If any additional
facilities have been entered into or are proposed
to be entered into after quarter end, include
details of those facilities as well.
--------------------------------------------------------------------------------
The interim funding facility at 8.1 is between
European Metals Holdings Limited and 6466 Investments
Pty Ltd. The facility limit is for an amount
of $2 million for a period of 12 months from
the date of execution.
The fees associated with the Facility are as
follows:
(a) Establishment Fee: 2% of the facility limit
payable at the subscription date from the proceeds
of the first advance; and
(b) Standby Fee: 3% of each advance payable at
the subscription date from the proceeds of that
advance
The company has received the first advance of
$250,000. In June 2017 the company issued shares
in the company to 6466 Investments Pty Ltd to
the value of the drawn facility plus any fees.
The remaining facility balance as at 30 June
2017 is $1.75 million.
--------------------------------------------------------------------------------
9. Estimated cash outflows for next quarter $A'000
-------
9.1 Exploration and evaluation(2) 613
9.2 Development -
9.3 Production -
9.4 Staff costs and director remuneration 148
9.5 Administration and corporate costs 188
9.6 Other (provide details if material) -
9.7 Total estimated cash outflows 950
---------------------------------------------------- -------
(2) This includes amounts incurred and accrued in respect to exploration activities as at 30 June 2017, paid in July 2017.
10. Changes in Tenement Nature of Interest Interest
tenements reference interest at beginning at end
(items 2.1(b) and location of quarter of quarter
and 2.2(b) above) % %
-------------- ---------- -------------- ------------
10.1 Interests
in mining tenements
and petroleum
tenements lapsed,
relinquished or
reduced
-------------- ---------- -------------- ------------
10.2 Interests Nil
in mining tenements
and petroleum
tenements acquired
or increased
-------------- ---------- -------------- ------------
Compliance statement
1. This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
2. This statement gives a true and fair view of the matters disclosed.
Julia Beckett
Signed: Dated: Monday, 31 July 2017
Company Secretary
Print name: Julia Beckett
Notes
1. The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.
2. If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report.
3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCVFLBXDDFXBBF
(END) Dow Jones Newswires
July 31, 2017 04:34 ET (08:34 GMT)
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