Financial Statements |
TRS.TSX Venture Financial Statements |
| BALANCE SHEETS (UNAUDITED) |
|
November 30, 2002 |
February 28, 2002 |
|
ASSETS |
(Audited) | |
| Current | ||
Cash |
$ 145,047 | $ 122,244 |
Marketable securities (Note 3) |
4,500 | 4,500 |
Accounts receivable |
44,041 | 21,369 |
Subscriptions receivable |
49,000 | 8,500 |
| 242,588 | 156,613 | |
Capital assets (Note 4) |
1,432 | 1,432 |
Mineral properties (Note 5) |
1,186,525 | 821,025 |
Deferred exploration costs (Note 6) |
1,069,397 | 615,628 |
| $ 2,499,942 | $ 1,594,698 | |
LIABILITIES AND SHAREHOLDERS' EQUITY |
||
Current |
||
Accounts payable and accrued liabilities |
$ 252,284 | $ 120,030 |
Due to related parties (Note 8) |
34,775 | 9,637 |
| 287,059 | 129,667 | |
Shareholders' equity |
||
Capital stock (Note 7) |
5,900,493 | 5,015,493 |
Share subscriptions received |
12,000 | - |
Deficit |
(3,699,610) | (3,550,462) |
| 2,212,883 | 1,465,031 | |
| $ 2,499,942 | $ 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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