Financial Statements |
TRS.TSX Venture Financial Statements |
| BALANCE SHEETS (UNAUDITED) |
|
May 31, 2002 |
February 28, 2002 |
|
ASSETS |
(Audited) | |
| Current | ||
Cash |
$ 180,655 | $ 122,244 |
Marketable securities (Note 3) |
4,500 | 4,500 |
Accounts receivable |
28,167 | 21,369 |
Subscriptions receivable |
- | 8,500 |
| 213,322 | 156,613 | |
Capital assets (Note 4) |
1,432 | 1,432 |
Mineral properties (Note 5) |
938,525 | 821,025 |
Deferred exploration costs (Note 6) |
632,475 | 615,628 |
| $ 1,785,754 | $ 1,594,698 | |
LIABILITIES AND SHAREHOLDERS' EQUITY |
||
Current |
||
Accounts payable and accrued liabilities |
$ 92,587 | $ 120,030 |
Due to related parties (Note 8) |
5,885 | 9,637 |
| 98,472 | 129,667 | |
Shareholders' equity |
||
Capital stock (Note 7) |
5,102,993 | 5,015,493 |
Share subscriptions received |
166,950 | - |
Deficit |
(3,582,661) | (3,550,462) |
| 1,666,722 | 1,465,031 | |
| $ 1,785,754 | $ 1,594,698 |
Nature of continuance of operations (Note 1)
Contingencies (Note 10)
Subsequent events (Note 12)
Approved on behalf of the Board:
Laura Lee Duffett - Director
N. Reid Toreson - Director
The accompanying notes are an integral part of these financial statements.
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