TIDMSGZ
RNS Number : 8129U
Scotgold Resources Ltd
02 August 2015
SCOTGOLD RESOURCES LIMITED
QUARTERLY CASH FLOW REPORT FOR THE QUARTER
ENDED 30 JUNE 2015
Name of entity
SCOTGOLD RESOURCES LIMITED
--------------------------
ABN Quarter ended ("current
quarter")
42 127 042 773 30 JUNE 2015
-------------- -----------------------
Consolidated statement of cash flows
Cash flows related to operating Current Year to
activities quarter date
(12 months)
$A $A
------------ --------------
1.1 Receipts from product sales
and related debtors - -
Payments for (a) exploration
& evaluation (527,384) (1,182,507)
(b) development - -
(c) production - -
1.2 (d) administration (263,545) (1,081,591)
1.3 Dividends received - -
Interest and other items
1.4 of a similar nature received 292 5,588
1.5 Interest and other costs - -
of finance paid
1.6 Income taxes paid - -
1.7 Other (provide details - -
if material)
Net Operating Cash Flows (790,637) (2,185,510)
----- ---------------------------------- ------------ --------------
Cash flows related to investing
activities
Payment for purchases of:
(a) prospects - -
(b) equity investments - -
1.8 (c) other fixed assets (1,205) (2,400)
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 (1,205) (2,400)
------------ --------------
Total operating and investing
1.13 cash flows (carried forward) (791,842) (2,187,910)
----- ---------------------------------- ------------ --------------
Total operating and
investing cash flows
1.13 (brought forward) (791,842) (2,187,910)
----- --------------------------
Cash flows related
to financing activities
Proceeds from issues
of shares, options,
1.14 etc. 900,000 4,259,739
1.15 Proceeds from sale - -
of forfeited shares
1.16 Proceeds from borrowings - 1,600,000
1.17 Repayment of borrowings - (3,031,286)
1.18 Dividends paid - -
Other - Share Issue
1.19 Costs (69,461) (522,631)
------------ --------------
Net financing cash
flows 830,539 2,305,821
----- -------------------------- --------------
Net increase (decrease)
in cash held 38,697 117,911
Cash at beginning of
1.20 quarter/year to date 733,079 640,857
Exchange rate adjustments
1.21 to item 1.20 30,873 43,881
------------ --------------
1.22 Cash at end of quarter 802,649 802,649
----- -------------------------- ------------ --------------
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 1.2 162,720
----------------
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 1,600,000 1,600,000
----------------- ------------
3.2 Credit standby arrangements Nil N/A
---- ---------------------------- ----------------- ------------
Estimated cash outflows for next quarter
$A
----------
4.1 Exploration and evaluation 350,000
----------
4.2 Development
----------
4.3 Production -
----------
4.4 Administration 350,000
----------
Total 700,000
---- --------------------------- ----------
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 227,149 83,079
---------------- -----------------
5.2 Deposits at call 575,500 650,000
---------------- -----------------
5.3 Bank overdraft
---------------- -----------------
5.4 Other (provide details)
---------------- -----------------
Total: cash at end of
quarter (item 1.22) 802,649 733,079
----- -------------------------- ---------------- -----------------
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 1,135,392,472 1,135,392,472
-------------- -------------- ---------------- -----------------
Changes
during
quarter
(a) Increases
through
issues
(b) Decreases
through
returns
of capital,
7.4 buy-backs 90,000,000 90,000,000
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
Exercise 2022
price 7 December
26,222,222 GBP0.0450 2015
Options 3,000,000 $0.0800 28 March
(description 153,161 GBP0.0310 2016
and conversion 7,111,111 GBP0.0450 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 Act or other standards acceptable to ASX (see note
5).
2 This statement does give a true and fair view of the matters disclosed.
For further information:
Scotgold Resources Limited Westhouse Securities Limited
Richard Gray
Chief Executive Officer Martin Davison
Tel: +44 (0)7905 884 021 Tel: +44 (0)20 7601 6100
Capital Markets Consultants Vicarage Capital Limited
Simon Rothschild Rupert Williams
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
MSCPTMMTMBTMTIA
Scotgold Resources (LSE:SGZ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Scotgold Resources (LSE:SGZ)
Historical Stock Chart
From Apr 2023 to Apr 2024
