Nachgereicht...
Hinweis der Auditoren zum going concern.
Share Balance at August 31, 2016 = 98,281,044
As at August 31, 2016, the Company had a cumulative deficit of $19,381,427, working capital of $2,308,701 and cash and cash equivalents of $7,669,314. The Company will require additional funds to commence full commercial mining operations at Irumafimpa, to fund and maintain general and administrative expenses over the coming year and to settle current liabilities when they fall due, including the requirement to deliver 3,000 ounces of gold to CRH Funding II
Pte. Ltd. by March 31, 2017. Subsequent to year-end, the Company obtained CAD$7,500,000 through the exercise of warrants (Note 21). There can be no assurance that adequate additional financing will be available at terms acceptable to the Company or at all, which may cast significant doubt on the Company’s ability to continue as a going concern.
SUBSEQUENT EVENTS
Except as noted above, subsequent to August 31, 2016:
a) The Company exercised its right to trigger the early exercise clause (Note 13) on the 10,000,000 warrants exercisable at CAD$0.75 and received CAD$7,500,000;
b) CRH converted 5,000,000 preferred shares in to 9,503,662 common shares of the Company; and
c) The Company granted 3,265,000 stock options to employees, officers, directors, and an investor relations provider. The options are exercisable at CAD$1.00 and vest over a 12-month period expiring December 5, 2021.
Dec 23 2016 - 17:17:13 ET - Audited annual financial statements - English
http://www.sedar.com/...anyDocuments.do?lang=EN&issuerNo=00030617
Gut einlesen ist empfohlen... ;-)
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