PVM 0.00% 36.5¢ pmi gold corporation

My apologies moderators...this should have gone on PVM posts....

  1. 5,618 Posts.
    My apologies moderators...this should have gone on PVM posts. Time for beddie byes I reckon...


    Just for you All4One hope this makes it easier to read...
    My previous post included the 2012FY numbers.
    Also refer to Note 3(b)

    PMI GOLD CORPORATION

    Consolidated Statements of Financial Position
    (Expressed in Canadian dollars)
    June 30,
    2013

    Assets

    Current assets:

    Cash and cash equivalents $ 107,782,056 <----
    Receivables (note 5) 194,777
    Prepaid expenses 153,241
    ___________
    $ 108,130,074

    Property & equipment (note 6) 906,007
    Exploration and evaluation
    assets (note 7) 100,863,505
    ___________
    $ 209,899,586
    -----------

    Liabilities and Shareholders’ Equity

    Current liabilities:

    Accounts payable and
    accrued liabilities
    (note 8) $ 5,520,523
    Provision for reclamation
    (note 9) 1,519,508
    _________
    Total liabilities 7,040,031 <----
    _________

    Shareholders’ equity:

    Share capital (note 10) 232,112,812
    Reserves (note 10) 8,430,941
    Deficit (37,684,198)
    ___________
    202,859,555
    ___________
    $ 209,899,586
    -----------



    3. Significant accounting policies (continued):

    (b) Cash and cash equivalents:

    Cash and cash equivalents include cash on hand, deposits held at call with financial institutions and Australian & Canadian guaranteed investment certificates (“GIC’s”) with a major Australian and Canadian banking institutions with maturities on the date of purchase of 1 year or less. The GIC’s are cashable on demand.

 
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