TIDMSGZ
RNS Number : 7452W
Scotgold Resources Ltd
28 April 2016
Rule 5.5
Appendix 5B
Mining exploration entity and oil and gas exploration entity
quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97,
01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013
Name of entity
SCOTGOLD RESOURCES LIMITED
--------------------------
ABN Quarter ended ("current
quarter")
42 127 042 773 31 MARCH 2016
-------------- -----------------------
Consolidated statement of cash flows
Cash flows related to operating Current Year to
activities quarter date
(9 months)
$A $A
------------ --------------
1.1 Receipts from product sales - -
and related debtors
Payments for (a) exploration
& evaluation (179,832) (847,997)
(b) development - -
(c) production - -
1.2 (d) administration (200,689) (981,896)
1.3 Dividends received - -
Interest and other items
1.4 of a similar nature received 4 20
Interest and other costs
1.5 of finance paid - (1,500)
1.6 Income taxes paid - -
1.7 Other (provide details - -
if material)
Net Operating Cash Flows (380,517) (1,831,373)
----- ---------------------------------- ------------ --------------
Cash flows related to investing
activities
Payment for purchases of:
(a) prospects - -
(b) equity investments - -
1.8 (c) other fixed assets (229,380) (229,380)
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 (229,380) (229,380)
------------ --------------
Total operating and investing
1.13 cash flows (carried forward) (609,897) (2,060,753)
----- ---------------------------------- ------------ --------------
Total operating and
investing cash flows
1.13 (brought forward) (609,897) (2,060,753)
----- --------------------------
Cash flows related
to financing activities
Proceeds from issues
of shares,options,
1.14 etc. 1,360,295 2,973,541
1.15 Proceeds from sale - -
of forfeited shares
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings (443,400) (443,400)
1.18 Dividends paid - -
Other - Share Issue
1.19 Costs (51,032) (107,209)
------------ --------------
Net financing cash
flows 865,863 2,422,932
----- -------------------------- --------------
Net increase (decrease)
in cash held 255,966 362,479
Cash at beginning of
1.20 quarter/year to date 874,302 802,649
Exchange rate adjustments
1.21 to item 1.20 (47,407) (82,267)
------------ --------------
1.22 Cash at end of quarter 1,082,861 1,082,861
----- -------------------------- ------------ --------------
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 1.2 108,781
----------------
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
Salary and oncosts - Richard Gray 58,031
Consultancy fees - Chris Sangster 37,157
Non Executive Directors fees 13,593
----------------------------------------------------
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 1,156,600 1,156,600
----------------- ------------
3.2 Credit standby arrangements Nil N/A
---- ---------------------------- ----------------- ------------
Note $443,400 of the Convertible Notes were converted into
ordinary shares during the quarter
Estimated cash outflows for next quarter
$A
----------
4.1 Exploration and evaluation 250,000
----------
4.2 Development -
----------
4.3 Production -
----------
4.4 Administration 175,000
----------
Total 425,000
---- --------------------------- ----------
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, at bank
5.1 and in Escrow 1,062,501 297,932
---------------- -----------------
5.2 Deposits at call 20,360 576,370
---------------- -----------------
5.3 Bank overdraft
---------------- -----------------
5.4 Other (provide details)
---------------- -----------------
Total: cash at end of
quarter (item 1.22) 1,082,861 874,302
----- -------------------------- ---------------- -----------------
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
(MORE TO FOLLOW) Dow Jones Newswires
April 29, 2016 02:00 ET (06:00 GMT)
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 1,416,733,693 1,416,733,693
-------------- -------------- ---------------- -----------------
Changes
during
7.4 quarter
(a) Increases
through
issues
12,000 12,000 1.90 1.90
(b) Decreases
through
returns
of capital,
buy-backs 73,900,000 73,900,000 0.60 0.60
83,333,332 83,333,332 1.10 1.10
7.5 +Convertible
debt securities
(description)
-------------- -------------- ---------------- -----------------
7.6 Changes
during
quarter
(a) Increases
through
issues
(b) Decreases
through
securities
matured,
converted
Options
(description
and conversion Exercise
7.7 factor) price Expiry date
31 March
3,000,000 $0.0800 2022
22 September
30,000,000 GBP0.0069 2017
30 September
124,083,889 GBP0.0010 2017
-------------- -------------- -------------- -------------------
Issued
during 31 March
7.8 quarter 56,846,154 $0.0120 2016
-------------- -------------- -------------- -------------------
Exercised
during 30 September
7.9 quarter 12,000 $0.0100 2017
31 March
20,593,750 $0.0120 2016
-------------- -------------- -------------- -------------------
Expired
during 28 March
7.10 quarter 7,111,111 GBP0.0450 2016
31 March
36,252,404 $0.0120 2016
-------------- --------------
7.11 Debentures
(totals
only)
-------------- --------------
7.12 Unsecured
notes
(totals
only)
-------------- --------------
Note : Proceeds of the 20,593,750 options exercised during the
quarter are recognised in April 2016 when the shares were
issued.
Compliance statement
1 This statement has been prepared under accounting policies
which comply with accounting standards as defined in the
Corporations Act or 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: 28
April 2016.
(Director/Company secretary)
Print name:
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
MSCAKFDQFBKDBQB
(END) Dow Jones Newswires
April 29, 2016 02:00 ET (06:00 GMT)
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