AI assistant
LEFROY EXPLORATION LIMITED — Net Asset Value 2015
Nov 12, 2015
65225_rns_2015-11-12_58496511-385c-4e4a-a3f5-8fba8921e1ea.pdf
Net Asset Value
Open in viewerOpens in your device viewer
TO : Company Announcement Officer ASX SUBJECT : US Masters Holdings Limited – Net Tangible Asset Backing
DATE : 13 November 2015
Dear Sirs,
Please find detailed below the following information as at 31 October 2015:
Net Tangible Asset Backing
Net Assets (after deduction of liabilities)
A$(339,111)
Number of securities on issue
24,388,920
Net Tangible Asset Backing
A$ (0.0139)
Please note:
-
On 21 August 2014 a facility was put in place whereby the Company can draw down up to $500,000. The facility is repayable at the Company's option by either repayment of the amount drawn or issue of shares in the Company. A$50,000 was drawn down under this facility in November 2014 with a further $250,000 drawn since. Under International Financial Reporting Standards this amount is classified as a liability until such time as the number of shares to repay this facility with equity can be determined. If the number of shares was calculated at A$0.09 per share, the last offer price of the Company's shares on the ASX, at 31 October 2015 the Net Assets would have been A$(26,993) and the Net Tangible Asset Backing would have been A$(0.001) per share.
-
As at 31 October 2015 the Net Assets shown above included A$80,720 in unrealised investment losses;
-
The above figures are based on information available at this time and are subject to audit.
Kind regards,
US Masters Holdings Limited
==> picture [86 x 45] intentionally omitted <==
Director
U.S. Masters Holdings Limited
ARBN 052 123 930 Phone +612 8314 5580 Fax +612 8314 5555 Email [email protected]
Australian Registered Office: Suite 2 Level 40 88 Phillip Street Sydney NSW 2000 Australia Head Office: Palm Grove House Roadtown Tortola British Virgin Islands