National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 6054F

European Metals Holdings Limited

29 July 2016

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, 01/05/2013


Name of entity
EUROPEAN METALS HOLDINGS LIMITED (EMH)


ABRN		Quarter ended ("current quarter")
154 618 989		30 June 2016

Consolidated statement of cash flows


	Cash flows related to operating activities	Current quarter $A'000	Year to date (12 Months) $A'000
1.1	Receipts from product sales and related debtors	-
1.2	Payments for: (a) exploration & evaluation	(650)	(1,683)
	(b) development	-	-
	(c) production	-	-
	(d) administration (e) UK AIM Listing Costs	(212) (12)	(702) (244)
	(g) project development costs	-	-
1.3	Dividends received	-	-
1.4	Interest and other items of a similar nature received	4	13
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Other - R&D Rebate	128	128
	Net Operating Cash Flows	(742)	(2,488)
	Cash flows related to investing activities
1.8	Payment for purchases of: (a)prospects	-	-
	(b)equity investments	-	-
	(c) land	(272)	(272)
1.9	Proceeds from sale of: (a) prospects	-	-
	(b) equity investments	-	-
	(c) other fixed assets	-	-
1.10	Loans to other entities	(9)	(9)
1.11	Loans repaid by other entities	-	-
1.12	Other	-	-
	Net Investing Cash Flows	(281)	(281)
1.13	Total operating and investing cash flows (carried forward)	(1,023)	(2,769)


1.13	Total operating and investing cash flows (brought forward)	(1,023)	(2,769)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc. net of costs	2,136	4,724
1.15	Proceeds from sale of forfeited shares	-	-
1.16	Proceeds from borrowings	-	-
1.17	Repayment of borrowings	-	-
1.18	Dividends paid	-	-
1.19	Other (provide details if material)	-	-
	Net financing cash flows	2,136	4,724
	Net increase (decrease) in cash held	1,113	1,955
1.20	Cash at beginning of quarter/year to date	1,731	889
1.21	Exchange rate adjustments to item 1.20	-	-
1.22	Cash at end of quarter	2,884	2,884

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	117
1.24	Aggregate amount of loans to the parties included in item 1.10	-
1.25	Explanation necessary for an understanding of the transactions
	Director fees, superannuation expense, consulting fees and rental expense.

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
	Nil


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
	Nil

Financing facilities available

Add notes as necessary for an understanding of the position.


		Amount available $A'000	Amount used $A'000
3.1	Loan facilities	-	-
3.2	Credit standby arrangements	-	-

Estimated cash outflows for next quarter


		$A'000
4.1	Exploration and evaluation	340
4.2	Development	-
4.3	Production	-
4.4	Administration	190
	Total	530

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.		Current quarter $A'000	Previous quarter $A'000
5.1	Cash on hand and at bank	2,769	1,426
5.2	Deposits at call	75	300
5.3	Bank overdraft	-	-
5.4	Other (provide details)	-	-
	Total: cash at end of quarter (item 1.22)	2,844	1,726

Changes in interests in mining tenements

		Tenement reference	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
6.1	Interests in mining tenements relinquished, reduced or lapsed	Nil
6.2	Interests in mining tenements acquired or increased	Nil

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	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
7.1	Preference +securities (description)	-	-
7.2	Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions	-	-
7.3	+Ordinary securities	121,417,126	121,417,126
7.4	Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs	21,365,364	21,365,364	$0.10	$0.10
7.5	+Convertible debt securities (description)	-	-
7.6	Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted	-	-
7.7	Options (description and conversion factor)	3,750,000 2,000,000	- -	Exercise price $ $0.166 $0.20	Expiry date 17/08/2020 19/10/2016
7.8	Issued during quarter	-	-	-	-
7.9	Exercised during quarter	21,365,364	21,365,364	Exercise price $ $0.10	Expiry date 30/06/2016
7.10	Expired during quarter	577,659	577,659	Exercise price $ $0.10	Expiry date 30/6/2016
7.11	Debentures (totals only)	-	-
7.12	Unsecured notes (totals only)	-	-
7.13	Performance securities	5,000,000	-
7.14	Changes during quarter (a) Increases through issues (b) Decreases through conversion to CDIs	-	-
7.15	Warrants	1,000,000	-
	(a) Increases through issues	1,000,000	-

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.

Signed: Dated: 29 July 2016

Company Secretary

Print name: Julia Beckett

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.

\== == == == ==

Interests in Mining Tenements

Disclosure in accordance with ASX Listing Rule 5.3.3


Project/Tenements	Location	Held at end of quarter	Acquired during the quarter	Disposed during the quarter
· Cinovec Tin-Tungsten-Lithium Project	Czech Republic	100%	0%	0%
· Cinovec 2	Czech Republic	100%	0%	0%


Farm-in Agreements / Tenements	Location	Held at end of quarter	Acquired during the quarter	Disposed during the quarter
Nil


Farm-out Agreements / Tenements	Location	Held at end of quarter	Acquired during the quarter	Disposed during the quarter
Nil

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCXKLBLQDFFBBF

AI Terminal