Consolidated Financial Statements
For the six months ended January 31, 2022 and 2021
(Expressed in Canadian Dollars)
Consolidated Statements of Financial Position
(Expressed in Canadian dollars)
As at
January 31, 2022
July 31, 2021
ASSETS Current Cash
$ 1,947,094
Marketable Securities (Note 4) 7,500,000
Taxes receivable
Assets held for sale (Note 8) Other current assets
Total Current Assets
78,094
$
3,055,833
43,683
- 243,859
60,446 11,907
9,585,634 3,355,282
Non Current Assets Reclamation deposits Equipment (Note 5)
Exploration and evaluation assets (Notes 6 and 7)
Total Assets
LIABILITIES Current
Accounts payable and accrued liabilities Deposits on assets held for sale (Note 8) Promissory note (Note 10)
Total Liabilities
EQUITY
Share capital (Note 11) Share-based compensation reserve Deficit
Accumulated other comprehensive income Total Equity
Total Liabilities and Equity
Going Concern (Note 1)
75,366 75,366
2,923 3,703
8,748,079
$
18,412,002
$
258,608
- 12,800
717,856 683,524
976,464
26,753,074 26,717,174
3,869,339 3,869,339
(15,936,875)
2,750,000 17,453,538
$
18,412,002
Approved and authorized for issue on behalf of the Board of Directors on March 30, 2022 by:
"Martin Walter"
$
$ 438,909
$
"Markus Janser"
11,656,096
(20,065,650)
- 10,520,863
11,656,096
Director
DirectorThe accompanying notes are an integral part of these consolidated financial statements.
8,221,745
1,135,233
Consolidated Statements of Operations and Comprehensive Loss
(Expressed in Canadian dollars)
Expenses Amortization Accretion Bank charges Employee Benefits Filing fees Foreign exchange Interest on long term debt Insurance
Investor relations and promotion
Management and director fees Office
Professional fees
Property investigation costs Rent and utilities Share-based compensation (Note 8d) Telecommunications Travel and accommodation Write-off of exploration and evaluation assets
Total Expenses Other Income
Gain on disposition of assets held for sale
Net Income (loss)
Comprehensive Income Unrealized gain on available for sale securities
Net Income (Loss) And Comprehensive Income (Loss) For The Period
Net Income (Loss) Per Share, Basic and Diluted
Comprehensive Income (Loss), Per Share, Basic and Diluted
Net Income (Loss) and Comprehensive Income (Loss), Per Common Share, Basic and Diluted
Weighted Average Number of Shares Outstanding
Three Months Ended January 31 2022 2021
Six months ended January 31 2022 2021
$
17,166
390 $
447
1,586
18,438
17,729 -
3,312
8,000
81,500
15,000
45,133 -
9,787
-
90
-722 -
731 -
31,851
(57,047)
-
3,155
33,325
100,000
24,491
45,213
8,122
4,693 929,850 107 10
$
780 $ 34,332
632 1,828
1,983 1,195
37,556 70,142
17,845
- 318
6,624 7,910
26,725 75,213
175,000 185,500
18,248 30,552
45,133 49,369
- 8,122
16,172 13,270
- 929,850
587 1,531
- 2,752
- (218,578)
4,518,941
- (1,126,023)
-
8,549 6,943
4,300,363 (1,126,023)
2,750,000
(390,166)
4,518,941
(1,328,629)
4,128,775 (1,328,629)
-2,750,000
$
7,050,363
$ (1,126,023)
$
6,878,775
$ (1,328,629)
$
0.07
$
$
(0.02)
0.04
$
0.07
$
$ (0.02)
(0.00)
$
0.04
$ (0.00)
$
0.11
$
(0.02)
$
0.11
$
64,571,105
59,366,163
64,470,146
55,201,048
The accompanying notes are an integral part of these consolidated financial statements.
1,499 -
(57,047)
--
(0.02)
NUBIAN RESOURCES LTD.
Consolidated Statements of Changes in Equity
(Expressed in Canadian dollars)
Number of common shares
Share capitalShare-based compen-sation reserveAccumulated deficitAccumulated other comprehen-sive income
Total equity
Balance, July 31, 2020 Share-based compensation Private placement (Note 11)
Shares issued on exercise of warrants Shares issued on exercise of options Issued on acquisition of 60% of BIPM Issued on acquisition of Stavely Projects Finders' fees on acquisitions
Share issuance costs related to private placement Net loss for the period
42,918,466 -
10,000,000
722,366
235,000
4,361,760
5,050,000
460,165 - -
$
17,956,538 - 4,200,000
$
2,678,829 929,850 -
$
(18,364,318)
- -
- $
-
-2,271,049 929,850 4,200,000
150,938 - - - 150,938
50,840
(22,340) - - 28,500
671,440 - - - 671,440
2,314,800 121,026 (274,822)
-- - - -- - -
(1,328,629)
- - -
2,314,800 121,026 (274,822)
$
- (1,328,629)
Balance, January 31, 2021
Balance, July 31, 2021
Shares issued on exercise of warrants Shares issued on exercise of options Net income (loss) for the period Comprehensive income for the period
63,747,757 64,291,605
54,500
225,000
-
-
$ 25,190,760
3,586,339 3,869,339
(19,692,947)
$
-9,084,152
26,717,174
(20,065,650)
- 10,520,863
10,900 - - - 10,900
25,000 - - - 25,000
- -- -4,128,775 - 4,128,775
-2,750,000 2,750,000
Balance, January 31, 2022
64,571,105
$ 26,753,074
3,869,339
(15,936,875) $ 2,750,000
The accompanying notes are an integral part of these consolidated financial statements.
17,435,538
4
NUBIAN RESOURCES LTD.
Consolidated Statements of Cash Flows
(Expressed in Canadian dollars)
Cash Provided By (Used In) Operating Activities
Net income (loss)
Items not affecting cash:
Amortization
Accretion on promissory note
Gain on disposition of assets held for sale
Share-based compensation
Changes in non-cash operating assets and liabilities:
Taxes receivable
Other current assets
Accounts payable and accrued liabilities Cash Used In Operating Activities
Investing Activities
Additions to equipment
Exploration and evaluation assets costs incurred
Exploration asset advances
Cash Used In Investing Activities
Financing Activities
Proceeds from assets held for sale
Expenses incurred on assets held for sale
Proceeds from options exercised
Proceeds from warrants exercised
Proceeds from private placements, gross
Share issuance costs related to private placements Cash Provided By Financing Activities
Six Months Ended
January 31, 2022 2021
$
4,128,775
780 34,332 (4,518,941)
-
(34,411) (48,539)
$
(1,328,629)
1,499 - - 929,850
(180,301) (618,305)
(16,150) 11,579 (16,953) (475,851)
- (5,932)
(526,334) (222,650)
- (526,334)
139,357 (1,220,053)
- - 25,000 10,900 - - 35,900
28,800
(1,210)
28,500
150,938
4,200,000
(274,822)
4,132,206
Increase (Decrease) In Cash Cash, Beginning Of Year
(1,108,739) 2,493,349
3,055,833 1,275,232
Cash, End Of PeriodDisclosure Of Supplementary Cash Flow And Non-Cash Investing and Financing Information
Consideration for disposition of assets for sale received as marketable securities (Notes 4 and 8)
Advances applied to exploration and evaluation costs Shares issued for asset acquisitions
Shares issued as finders' fees
Finders' warrants on private placement
$
1,947,094
$
$ 4,650,000
$
$ $ $ $
- - - -
$ 139,357
$ 4,611,762
$ 198,136
$ 283,000
The accompanying notes are an integral part of these consolidated financial statements.
3,768,581
-5
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Nubian Resources Ltd. published this content on 04 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2022 13:46:09 UTC.