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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Scotgold Resources Limited | LSE:SGZ | London | Ordinary Share | AU000XINEAK5 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSGZ
RNS Number : 9489L
Scotgold Resources Ltd
30 April 2015
SCOTGOLD RESOURCES LIMITED
Mining exploration entity and oil and gas exploration entity quarterly cash flow report to 31 December2014
Name of entity SCOTGOLD RESOURCES LIMITED -------------------------- ABN Quarter ended ("current quarter") 42 127 042 773 31 DECEMBER 2014 -------------- -----------------------
Consolidated statement of cash flows
Cash flows related to operating Current Year to activities quarter date (6 months) $A $A ------------ -------------- 1.1 Receipts from product sales and related debtors - - Payments for (a) exploration & evaluation (308,067) (449,544) (b) development - - (c) production - - 1.2 (d) administration (293,180) (555,310) 1.3 Dividends received - - Interest and other items 1.4 of a similar nature received 1,664 4,527 Interest and other costs 1.5 of finance paid (103,731) (103,731) 1.6 Income taxes paid - - 1.7 Other (provide details - - if material) Net Operating Cash Flows (703,314) (1,104,058) ----- ---------------------------------- ------------ -------------- Cash flows related to investing activities Payment for purchases of: (a) prospects - - (b) equity investments - - 1.8 (c) other fixed assets (1,195) (1,195) 1.9 Proceeds from sale of: - - (a) prospects - - (b) equity investments - - (c) other fixed assets 1.10 Loans to other entities - - 1.11 Loans repaid by other entities - - 1.12 Other (provide details - - if material) Net investing cash flows (1,195) (1,195) ------------ -------------- Total operating and investing 1.13 cash flows (carried forward) (704,509) (1,105,253) ----- ---------------------------------- ------------ -------------- Total operating and investing cash flows 1.13 (brought forward) (704,509) (1,105,253) ----- -------------------------- Cash flows related to financing activities Proceeds from issues of shares, options, 1.14 etc. 2,861,178 3,236,178 1.15 Proceeds from sale - - of forfeited shares 1.16 Proceeds from borrowings - 1,000,000 1.17 Repayment of borrowings (2,173,033) (3,031,286) 1.18 Dividends paid - - Other - Share Issue 1.19 Costs (32,743) (122,384) ------------ -------------- Net financing cash flows 655,402 1,082,508 ----- -------------------------- -------------- Net increase (decrease) in cash held (49,107) (22,745) Cash at beginning of 1.20 quarter/year to date 670,220 640,857 Exchange rate adjustments 1.21 to item 1.20 18,293 21,294 ------------ -------------- 1.22 Cash at end of quarter 639,406 639,406 ----- -------------------------- ------------ --------------
Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities
Current quarter $A ---------------- Aggregate amount of payments to the parties included in item 1.23 1.2 79,589 ---------------- 1.24 Aggregate amount of loans to Nil the parties included in item 1.10 ------- ---------------------------------- ---------------- 1.25 Explanation necessary for an understanding of the transactions N/A ----------------------------------------------------
Non-cash financing and investing activities
2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest N/A --------------------------------------------
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available Amount used $ $ Loan facilities Principal - Convertible 3.1 Notes 1,000,000 1,000,000 ----------------- ------------ 3.2 Credit standby arrangements Nil N/A ---- ---------------------------- ----------------- ------------
Estimated cash outflows for next quarter
$A ---------- 4.1 Exploration and evaluation 75,000 ---------- 4.2 Development 175,000 ---------- 4.3 Production - ---------- 4.4 Administration 350,000 ---------- Total 600,000 ---- --------------------------- ----------
Reconciliation of cash
Reconciliation of cash Current quarter Previous quarter at the end of the quarter $A $A (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows. --------------------------------- ---------------- ----------------- Cash on hand and at 5.1 bank 339,409 319,800 ---------------- ----------------- 5.2 Deposits at call 300,000 350,420 ---------------- ----------------- 5.3 Bank overdraft ---------------- ----------------- 5.4 Other (provide details) ---------------- ----------------- Total: cash at end of quarter (item 1.22) 639,409 670,220 ----- -------------------------- ---------------- -----------------
Changes in interests in mining tenements and petroleum tenements
Tenement Nature of interest Interest Interest reference (note (2)) at beginning at end and of quarter of quarter location ----------- ------------------- -------------- ------------ 6.1 Interests Nil in mining tenements and petroleum tenements relinquished, reduced or lapsed ----------- ------------------- -------------- ------------ 6.2 Interests Nil in mining tenements and petroleum tenements acquired or increased ----------- ------------------- -------------- ------------
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
Total number Number Issue price Amount paid quoted per security up per security (see note (see note 3) (cents) 3) (cents) ------------------------ -------------- -------------- ---------------- ----------------- 7.1 Preference +securities (description) -------------- -------------- ---------------- ----------------- 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions ----- ----------------- -------------- -------------- ---------------- ----------------- +Ordinary 7.3 securities 1,045,392,472 1,045,392,472 -------------- -------------- ---------------- ----------------- Changes during 7.4 quarter (a) Increases through issues 194,965,196 194,965,196 0.60 cents 0.60 cents (b) Decreases through returns of capital, buy-backs 281,897,707 281,897,707 0.60 cents 0.60 cents 7.5 +Convertible debt securities (description) -------------- -------------- ---------------- ----------------- 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted Expiry date 24 July 2015 31 March 2022 Exercise 7 December price 2015 26,222,222 GBP0.0450 28 March 3,000,000 $0.0800 2016 Options 153,161 GBP0.0310 31 March (description 7,111,111 GBP0.0450 2015 and conversion 50,000,000 $0.0120 22 September 7.7 factor) 30,000,000 GBP0.0069 2017 -------------- -------------- -------------- ------------------- 7.8 Issued during quarter -------------- -------------- -------------- ------------------- 7.9 Exercised during quarter -------------- -------------- -------------- ------------------- 7.10 Expired during quarter -------------- -------------- 7.11 Debentures (totals only) -------------- -------------- 7.12 Unsecured notes (totals only) -------------- --------------
Compliance statement
1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Actor other standards acceptable to ASX (see note 5).
2 This statement does give a true and fair view of the matters disclosed.
Sign here: ......................................................... Date: 31 January 2015.
(Director/Company secretary)
Print name: ....Peter John Newcomb
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 wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.
4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.
5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with
FOR FURTHER INFORMATION:
Scotgold Resources Westhouse Securities Capital Markets Vicarage Limited Limited Consultants Capital Limited ------------------- --------------------- ----------------- ----------------- Richard Gray Martin Davison Simon Rothschild Rupert Williams - CEO ------------------- --------------------- ----------------- ----------------- Tel: +44 (0)7905 Tel: +44 (0)20 Tel +44 (0)7703 Tel: +44 884 021 7601 6100 167 065 (0)20 3651 2911 ------------------- --------------------- ----------------- -----------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSDLESSFISEDL
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