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RIEDEL RESOURCES LIMITED Capital/Financing Update 2011
65702_rns_2011-01-26_214f3cdf-f0f4-417e-b8a1-44b618ba30bb.pdf
Capital/Financing Update
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Companies Announcement Office Australian Securities Exchange Limited 10th Floor, 20 Bond Street SYDNEY NSW 2000
20 January 2011
Suite 6, Level 2 11 Ventnor Avenue West Perth WA 6005 Australia
Tel: +61 8 9226 0866 Fax: +61 8 9226 5333
PO Box 913, West Perth WA 6872 Australia
ABN: 91143 042 022 ASX: RIE
Updated Pro Forma Balance Sheet Based Upon Actual Funds Raised
Riedel Resources Limited (the Company) provides the following unaudited Balance Sheet as at 30 September 2010 to the statements outlined in the Company's Prospectus dated 12 November 2010.
| ActualUnaudited30September 2010 ($) | ProformaUnaudited30September 2010 ($) | |
|---|---|---|
| Current Assets | ||
| Cash and Cash Equivalents | 650,982 | 4,740,582 |
| TradeandOtherReceivables | 470 | 470 |
| Total Current Assets | 651,452 | 4,741,052 |
| Non Current Assets | ||
| Exploration, Evaluation, andDevelopment Costs | - | 5,000,000 |
| Total Non Current Assets | - | 5,000,000 |
| Total Assets | 651,452 | 9,741,052 |
| Current Liabilities | ||
| Trade and Other Payables | 5,500 | 5,500 |
| Total Liabilities | 5,500 | 5,500 |
| Net Assets | 645,952 | 9,735,552 |
| Equity | ||
| Issued Capital | 650,100 | 9,992,700 |
| Options Reserve | - | |
| Accumulated Losses | (4,148) | (257,148) |
| Total Equity | 645,952 | 9,735,552 |
Yours faithfully,
Bruce Franzen Executive Director