4th Quarter Results
July 30 2007 - 3:01AM
UK Regulatory
RNS Number:0720B
Eurogold Limited
30 July 2007
EUROGOLD
L I M I T E D
(ACN 009 070 384)
30 July 2007 ASX & AIM Symbol "EUG"
RESULTS FOR QUARTER ENDED 30 JUNE 2007
During the quarter Eurogold Limited ("the Company") disposed of its Ukrainian
gold mining assets to Resource Invest LLC ("RIL") pursuant to the Asset Sale
Agreement dated 19 May 2007 and Shareholder approval received at the Company's
General Meeting held on 10 July 2007.
The Company has received an initial payment of US$2,000,000 from RIL and is
entitled to receive a further US$3,000,000 upon RIL meeting a key regulatory
milestone relating to the advancement of the Saulyak Gold Project.
The Directors' are actively pursuing new opportunities for its Shareholders and
will keep the market fully informed of any progress.
PETER GUNZBURG
Executive Chairman
For further information, please contact:
Peter Gunzburg - Managing Director - Ph: +61 8 9481 0572,
Email: peter@eurogold.com.au.
RFC Corporate Finance Ltd acts as Eurogold's Nominated Adviser
Contact: Stuart Laing - Ph: +61 8 9480 2506, Email: stuartl@rfc.com.au
Rule 5.3
Appendix 5B
Mining Exploration Entity Quarterly Report
Origin: Appendix 8
Name of Entity
EUROGOLD LIMITED ("EUG")
ABN Quarter Ended ("Current Quarter")
------------------------ ------------------------
009 070 384 -002 30 June 2007
------------------------ ------------------------
Consolidated Statement of Cash Flows
------------ ------------
Cash Flows Related to Operating Activities Current Quarter Year to Date
$A'000 (12 Months)
$A'000
------------ ------------
1.1 Receipts from product sales and related 0 0
debtors
1.2 Payments for (a) exploration and (124) (752)
evaluation
(b) development (0) (145)
(c) production 0 0
(d) administration (380) (2,759)
1.3 Dividends received 0 0
1.4 Interest and other items of a similar 12 26
nature received
1.5 Interest and other costs of finance paid 0 (43)
1.6 Income taxes paid 0 0
1.7 Other - (Tax/VAT) 0 50
------------ ------------
Net Operating Cash Flows (492) (3,623)
----- ----------------------------- ------------ ------------
Cash Flows Related to Investing
Activities
1.8 Payment for purchases of: (a) prospects 0 0
(b) equity investments 0 0
(c) other fixed assets 0 (22)
1.9 Proceeds from sale of: (a) prospects 0 0
(b) equity investments 0 0
(c) other fixed assets 0 0
1.10 Loans to other entities 0 0
1.11 Loans repaid by other entities 0 2,261
1.12 Other- 0 0
------------ ------------
Net Cashflows from Investing Activities (492) 2,239
------------ ------------
1.13 Total operating and investing cash flows (492) (1,384)
----- (carried forward) ------------ ------------
-----------------------------
1.13 Total operating and investing cash flows (492) (1,384)
----- (brought forward) ------------ ------------
-----------------------------
Cash Flows Related to Financing Activities
1.14 Proceeds from issues of shares, options, 0 1,727
etc.
1.15 Proceeds from sale of forfeited shares 0 0
1.16 Proceeds from borrowings 0 1,062
1.17 Repayment of borrowings 0 (962)
1.18 Dividends paid 0 0
1.19 Other (Capital Raising Costs) 0 0
------------ ------------
Net Financing Cash Flows 0 1,827
----- ----------------------------- ------------ ------------
Net Increase (Decrease) in Cash Held (492) 443
1.20 Cash at beginning of quarter/year to date 1,003 98
1.21 Exchange rate adjustments to 1.20 2 (28)
------------ ------------
1.22 Cash at End of Quarter 513 513
----- ----------------------------- ------------ ------------
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related
entities
------------
Current quarter
$A'000
------------
1.23 Aggregate amount of payments to the parties included in 45
item 1.2 ------------
1.24 Aggregate amount of loans to the parties included in 0
----- item 1.10 ------------
---------------------------------------
1.25 Explanation necessary for an understanding of the transactions
------------------------------------------------
Salaries, superannuation contributions, consulting and directors fees
paid to Directors.
------------------------------------------------
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
-------------------------------------------------
None
-------------------------------------------------
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
-------------------------------------------------
None
-------------------------------------------------
Financing Facilities Available
Add notes as necessary for an understanding of the position.
--------------- ----------------
Amount Available Amount Used
$A'000 $A'000
--------------- ----------------
3.1 Loan facilities 0 0
--------------- ----------------
3.2 Credit standby arrangements 0 0
----- ---------------------- --------------- ----------------
Estimated Cash Outflows for Next Quarter
$A'000
---------------------
4.1 Exploration and evaluation 0
---------------------
4.2 Development 0
----- ------------------------------ ---------------------
Total 0
----- ------------------------------ ---------------------
Reconciliation of Cash
----------------------------- ------------- --------------
Reconciliation of cash at the end of the Current Quarter Previous Quarter
quarter (as shown in the consolidated
statement of cash flows) to the related items
in the accounts is as follows.
$A'000 $A'000
----- --------------------------- ------------- --------------
5.1 Cash on hand and at bank 513 1,003
------------- --------------
5.2 Deposits at call 0 0
------------- --------------
5.3 Bank overdraft 0 0
------------- --------------
5.4 Other 0 0
----- --------------------------- ------------- --------------
Total: Cash at End of Quarter (item 513 1,003
----- 1.22) ------------- --------------
---------------------------
Changes in Interests in Mining Tenements
Tenement Reference Nature of Interest Interest at Beginning of Quarter Interest at End of
(note (2)) Quarter
6.1 Interests in No changes in nil nil
mining Interests
tenements
relinquished,
reduced or
lapsed
6.2 Interests in No changes in - -
mining
tenements
acquired or
increased
Interests
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.
Number Issued Number Quoted Issue Price Per Security (cents) Amount Paid Up Per Security (cents)
----------- ----------- ----------- ------------
----- ------------
7.1 Preference Nil Nil N/Applicable N/Applicable
+securities ----------- ----------- ----------- ------------
(description)
7.2 Issued during - Nil N/Applicable N/Applicable
----- quarter ----------- ----------- ----------- ------------
-----------
7.3 +Ordinary 319,679,494 319,679,494 N/Applicable N/Applicable
Securities ----------- ----------- ----------- ------------
7.4 Issued during nil nil N/Applicable N/Applicable
----- quarter ----------- ----------- ----------- ------------
-----------
7.5 +Convertible Nil Nil N/Applicable N/Applicable
Debt ----------- ----------- ----------- ------------
Securities
(description)
7.6 Issued during Nil Nil N/Applicable N/Applicable
----- quarter ----------- ----------- ----------- ------------
-----------
7.7 Options Nil Nil N/Applicable N/Applicable
(description) ----------- ----------- ----------- ------------
7.8 Issued during Nil Nil Nil Nil
quarter ----------- ----------- ----------- ------------
7.9 Exercised Nil Nil Nil Nil
during ----------- ----------- ----------- ------------
quarter
7.10 Expired Nil Nil N/Applicable N/Applicable
----- during ----------- ----------- ----------- ------------
quarter
-----------
7.11 Debentures Nil Nil
(totals only)
----- ----------- ----------- -----------
7.12 Unsecured Nil Nil
Notes (totals ----------- -----------
only)
Compliance Statement
1 This statement has been prepared under accounting policies which comply with
accounting standards as defined in the Corporations Law or other standards
acceptable to ASX (see note 4).
2 This statement does /does not* (delete one) give a true and fair view of the
matters disclosed.
P Collinson Date: 30 July 2007
Company Secretary
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 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, 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 1022: Accounting for Extractive
Industries and AASB 1026: Statement of Cash Flows apply to this report.
5 Accounting Standards ASX will accept, for example, the use of International
Accounting 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
FR EBLBXDDBFBBD
Eurogold (LSE:EUG)
Historical Stock Chart
From May 2024 to Jun 2024
Eurogold (LSE:EUG)
Historical Stock Chart
From Jun 2023 to Jun 2024
