Financial Statements |
TRS.CDNX Consolidated Financial Statements |
| CONSOLIDATED BALANCE SHEETS (UNAUDITED) |
|
November 30, 2001 |
February 28, 2001 |
|
ASSETS |
(restated) | |
| Current | ||
Cash |
$ 98,057 | $ 123,315 |
Marketable securities (Note 3) |
26,314 | 26,314 |
Accounts receivable |
4,077 | 3,981 |
Subscriptions receivable |
- | 10,150 |
| 128,448 | 163,760 | |
Capital assets (Note 4) |
1,929 | 1,383 |
Note receivable (Note 5) |
1,686 | 3,686 |
Mineral properties (Notes 6) |
689,225 | 137,375 |
Deferred exploration costs (Notes 7) |
531,118 | 390,630 |
| $ 1,352,406 | $ 696,834 | |
LIABILITIES AND SHAREHOLDERS' EQUITY |
||
Current |
||
Accounts payable and accrued liabilities |
$ 107,220 | $ 125,650 |
Due to related parties (Note 9) |
- | 10,347 |
| 107,220 | 135,997 | |
Shareholders' equity |
||
Capital stock (Note 8) |
4,739,320 | 4,014,059 |
Share subscriptions received (Note 12) |
143,500 | 117,800 |
Deficit |
(3,637,634) | (3,571,022) |
| 1,245,186 | 560,837 | |
| $ 1,352,406 | $ 696,834 |
Nature of continuance of operations (Note 1)
Contingencies (Note 11)
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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