LUIRI GOLD LTD Annual Report 31 December 2015
CONTENTS
Corporate information 1
Directors' report 2
Statement of comprehensive income 3
Statement of financial position 4
Statement of changes in equity 5
Statement of cash flows 6
Notes to the financial statements 7
Directors' declaration 24
Independent auditor's report 25
Additional ASX information 27
CORPORATE INFORMATION
Directors Rob Brown
Stuart Murray (appointed 22 June 2015) Peter Hawkins
Angela Pankhurst
Company secretary Angela Pankhurst
Registered office Clarendon House 2 Church Street
Hamilton, Bermuda
Australian office c/‐ Westland Settlements Pty Ltd Suite 5, 9 Bowman Street
South Perth, Western Australia 6151 Telephone: +61‐8 6102 0399
Facsimile: +61‐8 6323 4661
Share registry Computershare Investor Services Pty Ltd Reserve Bank Building
Level 2, 45 St George's Terrace Perth, Western Australia 6000
Auditors HLB Mann Judd
Chartered Accountants Level 4, 130 Stirling Street
Perth, Western Australia 6000
Solicitors HWL Ebsworth Lawyers
Level 11, 167 St Georges Terrace Perth, Western Australia 6000
ASX code Luiri Gold Limited is listed on the Australian Securities Exchange (Shares: LGM)
Website www.luirigold.com
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DIRECTORS' REPORTYour Directors present their financial report for the year ended 31 December 2015. The financial report is prepared in accordance with the Bermudian Companies Act, 1981.
Directors
The following persons were Directors of Luiri Gold Limited (the Company or Luiri) during the whole of the period and up to the date of this report unless otherwise stated:
Robert Brown - Non‐executive Chairman
Stuart Murray - Managing Director/ Deputy Chairman (appointed 22 June 2015)
Peter Hawkins - Non‐Executive Director
Angela Pankhurst - Executive Director/ Company Secretary
Review of operations
The Company has had no operations since it completed the sale of its subsidiaries which held the Luiri Hill Gold Project ("Project") on 30 June 2014. During 2015 the board has continued to assess potential projects.
Corporate
On 12 June 2015 Luiri's shareholders, at its AGM, approved a reduction in the par value of the Company's shares, share issues and the appointment of Stuart Murray as Managing Director and Deputy Chairman.
The share issues approved included shares to repay loans made to the Company in December 2014 and March 2015, shares in‐lieu of director's fees and a placement for $180,000 in working capital.
Mr Murray's appointment and the raising of working capital gave the Company the resources it needed to progress several potential projects it has been investigating. Although none of the investigations have yet resulted in a transaction or proposed transaction, the Board continues to work toward acquiring a project and funding that will enable it to add value for shareholders and have the suspension of its shares from the ASX lifted.
Corporate Governance Statement
The Company Corporate Governance Statement is available on its website at http://lurigold.com/index.php/corporate‐governance/.
This report is signed in accordance with a resolution of Directors.
Angela Pankhurst Director/Company Secretary
Perth
29 January 2016
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Luiri Gold Limited issued this content on 29 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 January 2016 03:46:27 UTC
Original Document: http://luirigold.com/content/uploads/2016/01/LGM-Annual-Report-31-December-2015.pdf
