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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Red Leopard | LSE:RLH | London | Ordinary Share | GB00B4JXWP66 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.235 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRLH
RNS Number : 6747K
Red Leopard Holdings PLC
27 June 2014
Red Leopard Holdings Plc
("Red Leopard" or the "Company")
Final Results for the year to 31 December 2013
I am pleased to present the financial statements for the year to 31 December 2013 for Red Leopard Holdings Plc and its wholly owned subsidiaries (together the "Group").
Total equity of the Group as at 31 December 2013 was GBP320,111(2012: deficit GBP229,575) and the loss for the year attributable to the equity holders of the parent was GBP358,681(2012: GBP169,233).
As at 31 December 2013 net cash for the Group was GBP120,999(2012: GBP5,555).
On 23 July 2013, following shareholder approval at the 2012 AGM, the Company ceased its operations in the property sector and became an investing company pursuant to Rule 15 of the AIM Rules, at which time it adopted an investing policy which focused on the exploration and development of natural resources. On 6 September 2013, in accordance with this new policy, Red Leopard acquired the entire issued share capital of Red Leopard Mining Inc ('RLM'), a transaction which constituted a reverse takeover under the AIM Rules. RLM, an Idaho incorporated company, was established in 2013 as a special purpose vehicle into which 205 unencumbered claims (the "Claims") were transferred by Polaris Resources Inc, a wholly owned subsidiary of Quest Minerals Corporation,
The Claims are located in the vicinity of Shoshone County, Idaho, USA, commonly referred to as "Silver Valley". This area is well known as the premier silver district in North America, with total historic production to 2013 of around 1.2 billion ounces of silver and substantial lead, zinc, copper and gold. Most of the Claims, which cover a total land area of approximately 1,435 hectares (the equivalent to 3,546 acres), lie within the Panhandle National Forest and upon Bureau of Land Management ("BLM") land.
On the Claims land sits the Idora Tunnel. The Company recently submitted to the BLM for review and comment, a detailed written plan of operations to reopen the Idora Tunnel for purposes of exploration. Whilst the Company cannot predict with certainty the ultimate timing or actual approval of such plan of operations, RLM management remains confident that approval will be obtained.
Whilst the directors have been exploring other opportunities in the Coeur d'Alene mining district, the Company has also been proactive in considering other complimentary resource assets, in particular in Chile, and earlier this year established a wholly owned subsidiary, Minera Red Leopard Chile SpA ("MRLC"). Through MRLC, the Company recently assisted in the facilitation of the sale by Sociedad De Asesoria Jurdica y Economica Minem S.A. ("Minem"), a private company, of two properties, TresAmantes and San Antonio, located in the Atacama Region of Chile, to TSXV listed Cougar Minerals Corp ("Cougar"). In consideration, Minem paid the Company US$25,000 in cash and 300,000 ordinary shares ("Consideration Shares") in Cougar representing a proportion of the consideration Minem received for the properties, as announced on 7 April 2014.
A notice convening an Annual General Meeting of the Company to be held on 22 July 2014 at 10 am at 50 Jermyn Street, London SW1Y 6LX accompanies the full report and accounts which have been sent today to shareholders and are available to download from the Company's website: www.redleopardholdings.com.
J J May
Chairman
Enquiries:
Red Leopard Holdings PLC John May, Chairman Tel: +44 (0) 207 917 6822 Northland Capital Partners Limited Gavin Burnell/ Lauren Kettle Tel: +44 (0) 207 382 1100
Consolidated statement of comprehensive income for the year ended 31 December 2013
2013 2012 GBP GBP OVERHEADS Administrative expenses (358,681) (169,041) OPERATING LOSS (358,681) (169,041) Finance income - 2 Finance cost - (194) LOSS FROM CONTINUING ACTIVITIES BEFORE TAXATION (358,681) (169,233) Tax expense - - LOSS FOR THE YEAR ATTRIBUTABLE TO THE EQUITY HOLDERS OF THE PARENT (358,681) (169,233) TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO THE EQUITY HOLDERS OF THE PARENT (358,681) (169,233) ========== ========== Loss per share - basic (0.28)p (0.19)p Loss per share -diluted (0.28)p (0.19)p
Consolidated statement of financial position
2013 2012 GBP GBP NON CURRENT ASSETS Intangible assets 433,333 - ------------ ------------ 433,333 - CURRENT ASSETS Trade and other receivables 28,758 21,357 Cash and cash equivalents 120,999 5,555 ------------ ------------ TOTAL CURRENT ASSETS 149,757 26,912 TOTAL ASSETS 583,090 26,912 ------------ ------------ EQUITY Share capital 1,500,800 1,368,334 Share premium account 3,862,860 3,097,263 Share based payment reserve 60,002 60,002 Retained earnings (5,103,551) (4,755,174) ------------ ------------ TOTAL EQUITY 320,111 (229,575) ------------ ------------ CURRENT LIABILITIES Trade and other payables 262,979 256,487 ------------ ------------ TOTAL CURRENT LIABILITIES 262,979 256,487 TOTAL LIABILITIES 262,979 256,487 ------------ ------------ TOTAL EQUITY AND LIABILITIES 583,090 26,912 ============ ============
Company statement of financial position for the year ended 31 December 2013
Year ended Year ended 31 December 31 December 2013 2012 GBP GBP NON-CURRENT ASSETS Investments 433,433 100 ------------- ------------- TOTAL NON-CURRENT ASSETS 433,433 100 CURRENT ASSETS Trade and other receivables 27,704 20,309 Cash and cash equivalents 120,992 5,555 ------------- ------------- TOTAL CURRENT ASSETS 148,696 25,864 TOTAL ASSETS 582,129 25,964 ------------- ------------- EQUITY Share capital 1,500,800 1,368,334 Share premium account 3,862,860 3,097,263 Share based payment reserve 60,002 60,002 Retained earnings (5,110,113) (4,762,572) ------------- ------------- TOTAL EQUITY 313,549 (236,973) CURRENT LIABILITIES Trade and other payables 268,580 262,937 ------------- ------------- TOTAL CURRENT LIABILITIES 268,580 262,937 TOTAL LIABILITIES 268,580 262,937 ------------- ------------- TOTAL EQUITY AND LIABILITIES 582,129 25,964 ============= =============
Consolidated statement of changes in equity for the year ended 31 December 2013
Share Share based Share premium payment Retained Total capital account reserve earnings equity GBP GBP GBP GBP GBP At 1 January 2013 1,368,334 3,097,263 60,002 (4,755,174) (229,575) Loss for the year - - - (358,681) (358,681) ---------- ---------- --------- ------------ ---------- Total comprehensive income 1,368,334 3,097,263 60,002 (5,113,855) (588,256) ---------- ---------- --------- ------------ ---------- Transactions with owners: Equity component of compound instrument - - - 10,304 10,304 Issue of share capital 132,466 765,597 - - 898,063 ---------- ---------- --------- ------------ ---------- Total transactions with owners 132,466 765,597 - 10,304 908,367 ---------- ---------- --------- ------------ ---------- At 31 December 2013 1,500,800 3,862,860 60,002 (5,103,551) 320,111 ========== ========== ========= ============ ========== Share Share based Share premium payment Retained Total capital account reserve earnings equity GBP GBP GBP GBP GBP At 1 January 2012 1,350,334 3,097,263 60,002 (4,585,941) (78,342) Loss for the year - - - (169,233) (169,233) ---------- ---------- --------- ------------ ---------- Total comprehensive income - - - (169,233) (169,233) ---------- ---------- --------- ------------ ---------- Transactions with owners: Issue of share capital 18,000 - - - 18,000 ---------- ---------- --------- ------------ ---------- Total transactions with owners 18,000 - - - 18,000 ---------- ---------- --------- ------------ ---------- At 31 December 2012 1,368,334 3,097,263 60,002 (4,755,174) (229,575) ========== ========== ========= ============ ==========
Company statement of changes in equity for the year ended 31 December 2013
Share Share based Share premium payment Retained Total capital account reserve earnings equity GBP GBP GBP GBP GBP At 1 January 2013 1,368,334 3,097,263 60,002 (4,762,572) (236,973) Loss for the year - - - (357,845) (357,845) --------- --------- -------- ----------- --------- Total comprehensive income 1,368,334 3,097,263 60,002 (5,110,113) (594,818) --------- --------- -------- ----------- --------- Transactions with owners: Equity component of compound instrument - - - 10,304 10,304 Issue of share capital 132,466 765,597 - - 898,063 --------- --------- -------- ----------- --------- Total transactions with owners 132,466 765,597 - 10,304 908,367 --------- --------- -------- ----------- --------- At 31 December 2013 1,500,800 3,862,860 60,002 (5,110,113) 313,549 ========= ========= ======== =========== ========= Share Share based Share premium payment Retained Total capital account reserve earnings equity GBP GBP GBP GBP GBP At 1 January 2012 1,350,334 3,097,263 60,002 (4,593,507) (85,908) Loss for the year - - - (169,065) (169,065) --------- --------- -------- ----------- --------- Total comprehensive income - - - (169,065) (169,065) --------- --------- -------- ----------- --------- Transactions with owners: Issue of share capital 18,000 - - - 18,000 --------- --------- -------- ----------- --------- Total transactions with owners 18,000 - - - 18,000 --------- --------- -------- ----------- --------- At 31 December 2012 1,368,334 3,097,263 60,002 (4,762,572) (236,973) ========= ========= ======== =========== =========
Consolidated statement of cash flows for the year ended 31 December 2013
2013 2012 GBP GBP CASH FLOWS USED IN OPERATING ACTIVITIES (205,953) (46,428) INVESTING ACTIVITIES Interest received - 2 Interest paid - (194) ---------- --------- CASH FLOWS USED IN INVESTING ACTIVITIES - (192) FINANCING ACTIVITIES Issue of share capital 321,397 - Proceeds from issue of convertible loan note - 13,000 Proceeds from issue of short term loans - 29,046 CASH FLOWS GENERATED FROM FINANCING ACTIVITIES 321,397 42,046 NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 115,444 (4,574) ---------- --------- Cash and cash equivalents brought forward 5,555 10,129 CASH AND CASH EQUIVALENTS CARRIED FORWARD 120,999 5,555 ========== =========
Company statement of cash flows
2013 2012 GBP GBP CASH FLOWS USED IN OPERATING ACTIVITIES (205,960) (45,406) INVESTING ACTIVITIES Interest received - 2 Interest paid on loans - (194) ---------- --------- CASH FLOWS USED IN INVESTING ACTIVITIES - (192) FINANCING ACTIVITIES Issue of share capital 321,397 - Proceeds from issue of convertible loan note - 13,000 Proceeds from issue of short term loans - 29,046 CASH FLOWS GENERATED FROM FINANCING ACTIVITIES 321,397 42,046 NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 115,437 (3,552) ---------- --------- Cash and cash equivalents brought forward 5,555 9,107 CASH AND CASH EQUIVALENTS CARRIED FORWARD 120,992 5,555 ========== =========
Notes:
1. This statement has been prepared using accounting policies and presentation consistent with those applied in the preparation of the statutory accounts of the Company.
2. The summary accounts set out above do not constitute statutory accounts as defined by Section 428 of the UK Companies Act 2006. The consolidated statement of comprehensive income, the consolidated and company statements of financial position, consolidated and company statement of changes in equity and the consolidated and company statements of cash flows for the year ended 31 December 2013 have been extracted from the Company's 2013 statutory financial statements upon which the auditor's opinion is unqualified. The results for the year ended 31 December 2013 have been extracted from the statutory accounts for that period, which contain an unqualified auditor's report.
3. Basic loss per ordinary share for the year is based on the loss of GBP358,681 (2012: GBP169,233) and a weighted average of 127,690,964(2012: 90,830,543) ordinary shares.
For diluted loss per share, the weighted average number of ordinary shares in issue is adjusted to assume conversion of all potential dilutive ordinary shares. Items included in the calculation are options for ordinary shares.
The effect of conversion of all potential dilutive ordinary shares would have an anti-dilutive effect on earnings per share and therefore they have been incorporated in the diluted earnings per share calculation. Potential ordinary shares are only treated as dilutive when their conversion to ordinary shares would decrease profit per share or increase loss per share.
4. The annual report and accounts were posted today to shareholders. These are also available to download from the Company's website, www.redleopardholdings.com.
5. An Annual General Meeting of the Company will be held on 22 July 2014 at 10 am, at 50 Jermyn Street London, SW1Y 6LX
This information is provided by RNS
The company news service from the London Stock Exchange
END
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