Monthly Financials
June 16 2008 - 3:05AM
UK Regulatory
RNS Number : 7546W
Eurogold Limited
16 June 2008
Rule 5.3
Appendix 5B
Mining Exploration Entity Monthly Report
Origin: Appendix 8
Name of Entity
EUROGOLD LIMITED ("EUG")
ABN 10 Months Ended
009 070 384 (002) 30 May 2008
Consolidated Statement of Cash Flows
Current Year to Date
Cash Flows Related to Operating Activities (Month) (11 Months)
$A'000 $A'000
1.1 Receipts from product sales and related 0 0
debtors
1.2 Payments for (a) exploration and 0 0
evaluation 0 0
(b) development 0 0
(c) production (67) (1072)
(d) administration (0) (1,943)
(e) other
1.3 Dividends received 0 0
1.4 Interest and other items of a similar 23 138
nature received
1.5 Interest and other costs of finance paid 0 0
1.6 Income taxes paid 0 0
1.7 Other 7 55
Net Operating Cash Flows (37) (2,822)
Cash Flows Related to Investing Activities
1.8 Payment for purchases of: (a) prospects 0 0
(b) equity investments (1,978) (4,052)
(c) other fixed assets 0 0
1.9 Proceeds from sale of: (a) prospects 0 2,255
(b) equity investments 0 0
(c) other fixed assets 0 9
1.10 Loans to other entities 0 0
1.11 Loans repaid by other entities 0 0
1.12 Other - Litigation Settlement Oxus Gold 1,727 6,817
Net Investing Cash Flows (251) 5,029
1.13 Total operating and investing cash flows (288) 2,207
(carried forward)
1.13 Total operating and investing cash flows (brought (288) 2,207
forward)
Cash Flows Related to Financing Activities
1.14 Proceeds from issues of shares, options, etc. 0 0
1.15 Proceeds from sale of forfeited shares 0 0
1.16 Proceeds from borrowings 0 0
1.17 Repayment of borrowings 0 0
1.18 Dividends paid 0 0
1.19 Other (Capital Raising Costs) 0 0
Net Financing Cash Flows 0 0
Net Increase (Decrease) in Cash Held (288) 2,207
1.20 Cash at beginning of Month/year to date 3,008 513
1.21 Exchange rate adjustments to 1.20 0 0
1.22 Cash at End of Month 2,720 2,720
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related entities
1 Month
$A'000
1.23 Aggregate amount of payments to the parties included in item 12
1.2
1.24 Aggregate amount of loans to the parties included in item 1.10 0
1.25 Explanation necessary for an understanding of the transactions
1.2(e) - Payment to IMF Australia Limited in accordance with the
Funding Agreement re Federal Court
action - Oxus Gold Plc
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 Month
$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 Month (as shown in the consolidated statement of cash Current Previous Month
flows) to the related items in the accounts is as follows. $A'000 $A'000
5.1 Cash on hand and at bank 2,720 3,008
5.2 Deposits at call 0 0
5.3 Bank overdraft 0 0
5.4 Other 0 0
Total: Cash at End of Month (item 1.22) 2,720 3,008
Changes in Interests in Mining Tenements
Tenement Reference Nature of Interest Interest at Interest at End of
(note (2)) Beginning of Quarter Quarter
6.1 Interests in mining
tenements
relinquished,
reduced or lapsed
6.2 Interests in mining
tenements acquired
or increased
Issued and Quoted Securities at End of Current Month
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
Number Issued Number Quoted Issue Price Per Amount Paid Up Per
Security (cents) Security (cents)
7.1 Preference
+securities Nil Nil N/Applicable N/Applicable
(description)
7.2 Issued during
Quarter - Nil N/Applicable N/Applicable
7.3 +Ordinary Securities
319,679,494 319,679,494 N/Applicable N/Applicable
7.4 Issued during
Quarter nil nil N/Applicable N/Applicable
7.5 +Convertible Debt
Securities Nil Nil N/Applicable N/Applicable
(description)
7.6 Issued during Month
Nil Nil N/Applicable N/Applicable
7.7 Options 4,000,000 Nil Exercise Price Expiring
(description) (unquoted $0.03 10 August 2010
Director Options
7.8 Issued during
Quarter Nils Nil Nil Nil
7.9 Exercised during
Quarter Nil Nil Nil Nil
7.10 Expired during
Quarter Nil Nil N/Applicable N/Applicable
7.11 Debentures
(totals only) Nil Nil
7.12 Unsecured Notes
(totals only) Nil Nil
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: 16 May 2008
Company Secreetary
Notes
1 The Monthly report provides a basis for informing the market how the entity's activities have been financed for the past Month 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.
= = = = =
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The company news service from the London Stock Exchange
END
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