Quarterly Cashflow Report
Released
Released
Announcement PDF
Appendix 5B
Mining exploration entity quarterly report
Rule 5.3
Appendix 5B
Mining exploration entity quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10
Name of entity
Ventnor Resources Limited
ABN
Quarter ended (“current quarter”)
59 142 014 873
31 March 2014
Consolidated statement of cash flows
Cash flows related to operating activities
1.1
Receipts from product sales and related debtors
1.2
Payments for
1.3
1.4
1.5
1.6
1.7
1.8
1.9
1.10
1.11
1.12
1.13
Current quarter
$A’000
Year to date
(9 months)
$A’000
-
-
(a) exploration & evaluation
(b) development
(c) production
(d) administration
Dividends received
Interest and other items of a similar nature received
Interest and other costs of finance paid
Income taxes paid
Other
(108)
(275)
4
140
(616)
(843)
7
(252)
164
Net Operating Cash Flows
(239)
(1,540)
Cash flows related to investing activities
Payment for purchases of: (a) prospects
(b) equity investments
(c) other fixed assets
Proceeds from sale of: (a) prospects
(b) equity investments
(c) other fixed assets
Loans to other entities
Loans repaid by other entities
Other (JV transaction costs)
-
3,000
(149)
Net investing cash flows
-
2,851
(239)
1,311
Total operating and investing cash flows (carried
forward)
+ See chapter 19 for defined terms.
Appendix 5B Page 1
Appendix 5B
Mining exploration entity quarterly report
1.13
Total operating and investing cash flows (brought
forward)
(239)
1,311
Cash flows related to financing activities
Proceeds from issues of shares, options, etc.
Proceeds from sale of forfeited shares
Proceeds from borrowings
Repayment of borrowings
Dividends paid
Other (Share issue costs)
-
1,400
(2,340)
-
Net financing cash flows
-
(940)
Net increase (decrease) in cash held
(239)
371
1.20
1.21
Cash at beginning of quarter/year to date
Exchange rate adjustments to item 1.20
851
-
241
-
1.22
Cash at end of quarter #
612
612
1.14
1.15
1.16
1.17
1.18
1.19
# On 3 April 2014, Ventnor Resources Limited completed the allotment of 47,334,687 ordinary fully paid
shares at an issue price of 4.2 cents per share to raise $1,988,057 (before expenses), pursuant to the
renounceable entitlement issue offer dated 25 February 2014.
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related entities
Current quarter
$A'000
1.23
Aggregate amount of payments to the parties included in item 1.2
182
1.24
Aggregate amount of loans to the parties included in item 1.10
-
1.25
Explanation necessary for an understanding of the transactions
Includes payment of directors fees deferred since March 2013.
Non-cash financing and investing activities
2.1
Details of financing and investing transactions which have had a material effect on consolidated
assets and liabilities but did not involve cash flows
2.2
Details of outlays made by other entities to establish or increase their share in projects in which the
reporting entity has an interest
+ See chapter 19 for defined terms.
Appendix 5B Page 2
Appendix 5B
Mining exploration entity quarterly report
Financing facilities available
Add notes as necessary for an understanding of the position.
3.1
Loan facilities ##
3.2
Credit standby arrangements
##
Amount available
$A’000
1,000
Amount used
$A’000
1,000
-
-
Loan facilities were extinguished upon completion of the renounceable entitlement issue on 3 April
2014.
Estimated cash outflows for next quarter
$A’000
30
4.1
Exploration and evaluation
4.2
Development
-
4.3
Production
-
4.4
Administration
105
135
Total
Reconciliation of cash
Reconciliation of cash at the end of the quarter (as
shown in the consolidated statement of cash flows) to
the related items in the accounts is as follows.
5.1
Cash on hand and at bank
5.2
Current quarter
$A’000
Previous quarter
$A’000
612
851
Deposits at call
-
-
5.3
Bank overdraft
-
-
5.4
Other (provide details)
-
-
612
851
Total: cash at end of quarter (item 1.22)
+ See chapter 19 for defined terms.
Appendix 5B Page 3
Appendix 5B
Mining exploration entity quarterly report
Changes in interests in mining tenements
6.1
Interests in mining
tenements relinquished,
reduced or lapsed
6.2
Interests in mining
tenements acquired or
increased
+ See chapter 19 for defined terms.
Appendix 5B Page 4
Tenement
reference
Nature of interest
(note (2))
E52/2549
E52/2681
E52/2754
E52/2755
E52/2756
P52/1182
P52/1183
P52/1277
P52/1278
P52/1364
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Nil
Interest at
beginning
of quarter
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Interest at
end of
quarter
-
Appendix 5B
Mining exploration entity quarterly report
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
Total number
7.1
7.2
7.3
Preference
+securities
(description)
Changes during
quarter
7.5
7.6
7.7
7.8
7.9
7.10
7.11
7.12
Issue price per
security (see note 3)
(cents)
Amount paid up per
security (see note 3)
(cents)
-
-
71,002,030
71,002,030
-
-
250,000
2,000,000
550,000
500,000
-
Exercise price
$0.25
$0.26
$0.80
$0.1548
Expiry date
29 June 2014
12 August 2014
20 January 2015
6 December 2016
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
+Ordinary
securities
7.4
Number quoted
Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns
of capital, buybacks
+Convertible
debt securities
(description)
Changes during
quarter
(a) Increases
through issues
(b) Decreases
through
securities
matured,
converted
Options
(description and
conversion
factor)
Issued during
quarter
Exercised during
quarter
Expired during
quarter
Debentures
(totals only)
Unsecured
notes (totals
only)
+ See chapter 19 for defined terms.
Appendix 5B Page 5
Appendix 5B
Mining exploration entity quarterly report
Compliance statement
1
This statement has been prepared under accounting policies which comply with
accounting standards as defined in the Corporations Act or other standards acceptable
to ASX (see note 5).
2
This statement does give a true and fair view of the matters disclosed.
Sign here:
J C Geary
(Company secretary)
Print name:
John Charles Geary
Date: 22 April 2014
Notes
1
The quarterly report provides a basis for informing the market how the entity’s
activities have been financed for the past quarter and the effect on its cash position.
An entity wanting to disclose additional information is encouraged to do so, in a note
or notes attached to this report.
2
The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in
mining tenements acquired, exercised or lapsed during the reporting period. If the
entity is involved in a joint venture agreement and there are conditions precedent
which will change its percentage interest in a mining tenement, it should disclose the
change of percentage interest and conditions precedent in the list required for items
6.1 and 6.2.
3
Issued and quoted securities The issue price and amount paid up is not required in
items 7.1 and 7.3 for fully paid securities.
4
The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of
Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.
5
Accounting Standards ASX will accept, for example, the use of International
Financial Reporting Standards for foreign entities. If the standards used do not
address a topic, the Australian standard on that topic (if any) must be complied with.
== == == == ==
+ See chapter 19 for defined terms.
Appendix 5B Page 6
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