TIDMSGZ
RNS Number : 6971D
Scotgold Resources Ltd
01 February 2015
Scotgold Resources Limited
Cashflow Report for the Quarter ended 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.
Enquiries to:
United Kingdom:
Scotgold Resources Limited Westhouse Securities Limited Capital Markets Consultants
Richard Gray
Chief Executive Officer Martin Davison Simon Rothschild
Tel: +44 (0)7905 884 021 Tel: +44 (0)20 7601 6100 Tel +44 (0)7703 167 065
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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