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LEFROY EXPLORATION LIMITED — Net Asset Value 2015
Feb 9, 2015
65225_rns_2015-02-09_dbf6662a-688d-47d3-b6e7-5089edb4d688.pdf
Net Asset Value
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TO : Company Announcement Officer ASX SUBJECT : US Masters Holdings Limited – Net Tangible Asset Backing DATE : 10 February 2015
Dear Sirs,
Please find detailed below the following information as at 31 January2015:
Net Tangible Asset Backing
Net Assets (after deduction of liabilities) A$(69,321) Number of securities on issue 24,388,920 Net Tangible Asset Backing A$ (0.0028)
Net Tangible Asset Backing
Please note:
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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 and a further $50,000 in January 2015. 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$0.20 per share, the last sale price of the Company's shares on the ASX, at 31 January 2015 the Net Assets would have been A$30,679 and the Net Tangible Asset Backing would have been A$0.0013 per share.
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As at 31 January 2015 the Net Assets shown above included A$ 77,643 in unrealised investment losses;
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The above figures are based on information available at this time and are subject to audit.
Kind regards,
US Masters Holdings Limited
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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