KLONDIKE GOLD CORP. KLONDIKE GOLD CORP.
Condensed Interim
Consolidated Financial Statements
For The Three and Nine Months Ended November 30, 2021 and 2020
(Expressed in Canadian Dollars)
(Unaudited)
NOTICE OF NO AUDITOR REVIEW
The accompanying unaudited condensed interim consolidated financial statements of Klondike Gold Corp. ("Klondike Gold Corp." or the "Company") have been prepared by and are the responsibility of the Company's management.
In accordance with National Instrument 51-102, the Company discloses that its independent auditor has not performed a review of these unaudited condensed interim consolidated financial statements.
KLONDIKE GOLD CORP.
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(Expressed in Canadian dollars)
(Unaudited)
November 30, | February 28, | |||
2021 | 2021 | |||
Assets | ||||
Current assets | $ | 3,011,248 | ||
Cash | $ | 2,853,355 | ||
Restricted cash (Note 4) | 165,580 | 165,580 | ||
Amounts receivable | 180,519 | 96,924 | ||
Prepaid expenses and deposits | 150,107 | 124,323 | ||
Total current assets | 3,507,454 | 3,240,182 | ||
Investments (Note 5,7(b)) | 10,250 | 164,318 | ||
Reclamation bond | 3,500 | 3,500 | ||
Property and equipment (Note 6) | 614,273 | 721,910 | ||
Exploration and evaluation assets (Note 7) | 26,076,526 | 23,693,548 | ||
Total assets | $ | 30,212,003 | $ 27,823,458 | |
Liabilities | ||||
Current liabilities | $ | 77,144 | ||
Trade and other payables | $ | 96,746 | ||
Lease (Note 8) | 121,396 | 113,856 | ||
Flow-through premium (Note 10) | 250,358 | 331,059 | ||
Total current liabilities | 448,898 | 541,661 | ||
Long-term lease (Note 8) | 330,195 | 432,278 | ||
Total liabilities | 779,093 | 973,939 | ||
Equity | 85,124,258 | |||
Share capital (Note 10) | 82,137,236 | |||
Reserves (Note 10) | 6,863,370 | 6,830,092 | ||
Deficit | (62,554,718) | (62,117,809) | ||
Total equity | 29,432,910 | 26,849,519 | ||
Total liabilities and equity | $ | 30,212,003 | $ 27,823,458 |
Nature of operations and going concern (Note 1)
Approved by the Board of Directors and authorized for issue on January 28, 2022:
"Peter Tallman" | Director |
"Gordon Keep" | Director |
The accompanying notes are an integral part of these unaudited condensed interim consolidated financial statements.
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KLONDIKE GOLD CORP.
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS
FOR THE THREE AND NINE MONTHS ENDED NOVEMBER 30, 2021 AND 2020
(Expressed in Canadian dollars)
(Unaudited)
Three months ended | Nine months ended | ||
2021 | November 30, | 2021 | November 30, |
2020 | 2020 |
Expenses | $ | 71,756 | $ | 46,642 | $ | 190,419 | $ | 150,053 |
Consulting (Note 9) | ||||||||
Depreciation (Note 6) | 35,557 | 37,124 | 107,637 | 111,371 | ||||
Management fees and wages (Note 9) | 6,759 | 95,844 | 174,909 | 316,994 | ||||
Marketing | 13,378 | 25,359 | 60,870 | 50,233 | ||||
Office and miscellaneous (Note 8) | 13,529 | 15,626 | 62,247 | 39,951 | ||||
Professional fees | 10,557 | 6,476 | 35,498 | 26,680 | ||||
Regulatory and transfer agent | 23,788 | 8,239 | 58,097 | 29,327 | ||||
Share-based compensation | - | 407,373 | - | 407,373 | ||||
Travel | 2,714 | 5,819 | 10,927 | 20,065 | ||||
(178,038) | (648,502) | (700,604) | (1,152,047) | |||||
Finance expense | (7,686) | (9,681) | (24,595) | (30,452) | ||||
Interest income | 2,076 | 2,785 | 7,436 | 5,655 | ||||
Other income - flow-through (Note 10(b)) | 131,742 | 90,724 | 380,076 | 126,616 | ||||
Gain (loss) on sale of marketable securities | (51,959) | 10,107 | (51,959) | 46,282 | ||||
Unrealized gain (loss) on marketable securities (Note 5) | 39,430 | (117,255) | 14,737 | (31,955) | ||||
Unrealized gain (loss) on warrants (Note 5) | (9,000) | (143,000) | (62,000) | (96,332) | ||||
Loss and comprehensive loss | (73,435) | (814,822) | (436,909) | (1,132,233) | ||||
Basic and diluted loss per share | $ | (0.00) | $ | (0.01) | $ | (0.00) | $ | (0.01) |
Weighted average number of | 135,651,443 | |||||||
common shares outstanding | 139,652,967 | 128,042,077 | 121,430,576 |
The accompanying notes are an integral part of these unaudited condensed interim consolidated financial statements.
2
KLONDIKE GOLD CORP.
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(Expressed in Canadian dollars)
(Unaudited)
Share capital | Reserves | ||||||||||
Share | Share-based | Total | |||||||||
Shares issued | Amount | premium | payments | Deficit | equity | ||||||
At February 29, 2020 | 113,396,918 | $ | 77,944,824 | $ | 27,405 | $ | 6,394,701 | $ | (60,801,489) | $ | 23,565,441 |
Private placement | 7,885,643 | 1,730,988 | - | - | - | 1,730,988 | |||||
Private placement - flow-through | 12,249,615 | 3,291,911 | - | - | - | 3,291,911 | |||||
Flow-through premium | - | (490,626) | - | - | - | (490,626) | |||||
Share issuance costs | - | (374,668) | - | 15,980 | - | (358,688) | |||||
Share-based compensation | - | - | - | 407,373 | - | 407,373 | |||||
Exercise of options | 162,000 | 34,807 | - | (15,367) | - | 19,440 | |||||
Loss and comprehensive loss | - | - | - | - | (1,132,233) | (1,132,233) | |||||
At November 30, 2020 | 133,694,176 | $ | 82,137,236 | $ | 27,405 | $ | 6,802,687 | $ | (61,933,722) | $ | 27,033,606 |
At February 28, 2021 | 133,694,176 | $ | 82,137,236 | $ | 27,405 | $ | 6,802,687 | $ | (62,117,809) | $ | 26,849,519 |
Private placement | 6,409,866 | 1,121,727 | - | - | - | 1,121,727 | |||||
Private placement - flow-through | 11,975,000 | 2,395,000 | - | - | - | 2,395,000 | |||||
Flow-through premium | - | (299,375) | - | - | - | (299,375) | |||||
Share issuance costs | - | (230,330) | - | 33,278 | - | (197,052) | |||||
Loss and comprehensive loss | - | - | - | - | (436,909) | (436,909) | |||||
At November 30, 2021 | 152,079,042 | $ | 85,124,258 | $ | 27,405 | $ | 6,835,965 | $ | (62,554,718) | $ | 29,432,910 |
The accompanying notes are an integral part of these unaudited condensed interim consolidated financial statements.
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Klondike Gold Corp. published this content on 29 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2022 01:30:07 UTC.
