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FY2013
12 months to Aug 31, 2013
|
FY2012
12 months to Aug 31, 2012
|
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|---|---|---|
| Cash flows used in operating activities | ||
| Net loss for the period | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Amortization of debt discount and interest expense | ||
| Stock issued for services | ||
| Vesting of stock options | ||
| Impairment loss on mineral property acquisition costs | ||
| Forgiveness of debt - other income | ||
| (Gain) loss on derivative liability | ||
| (Gain) on debt restructuring | ||
| (Gain) on debt extinguishment | ||
| Contributions to capital by related party | ||
| Changes in operating assets and liabilities: | ||
| Due to related parties | ||
| Prepaid expenses and deposits | ||
| Increase in accounts payable and accrued expenses | ||
| Net cash flows (used in) operating activities | ||
| Cash flows used in investing activities | ||
| Acquisition of mineral property interest | ||
| Net cash flows (used in) investing activities | ||
| Cash flows from financing activities | ||
| Payment on note payable for mineral property | ||
| Advances from Director | ||
| Payments to Director | ||
| Advances from shareholder | ||
| Payments to shareholder | ||
| Proceeds from convertible promissory note | ||
| Common shares issued for cash | ||
| Subscriptions received | ||
| Net cash flows provided by financing activities | ||
| Increase (decrease) in cash and cash equivalents | ||
| Cash and cash equivalents, beginning of period | ||
| Cash and cash equivalents, end of period |
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