CDN Maverick Capital : Interim Financial Statement

About this update from Cdn Maverick Capital Corp

CDN MAVERICK CAPITAL CORP. CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2022 (Unaudited - Expressed in Canadian Dollars) Notice of No Auditor Review These unaudited consolidated interim financial statements of CDN Maverick Capital Corp. (the "Company") have not been reviewed by the auditors of the Company. This notice is being provided in accordance with Section 4.3 (3) (a) of National Instrument 51-102 - Continuous Disclosure Obligations. CDN MAVERICK CAPITAL CORP. Consolidated Interim Statements of Financial Position (Unaudited - Expressed in Canadian Dollars) June 30 December 31 2022 2021 ASSETS Current assets Cash $ 145,290 $ 282,611 GST recoverable 11,321 19,318 Prepaid expenses 10,518 394 Marketable securities (Note 4) 1,043,705 1,606,976 1,210,834 1,909,299 Equipment (Note 5) 52,133 60,701 Mineral properties exploration (Note 6) 381,132 381,132 $ 1,644,099 $ 2,351,132 LIABILITIES Current liabilities Accounts payable (Note 10) $ 150,385 $ 53,248 Accrued liabilities (Note 10) 15,000 35,000 165,385 88,248 SHAREHOLDERS' EQUITY Share capital (Note 7) 14,017,653 14,017,653 Reserves (Note 7) 2,157,987 2,721,258 Deficit (14,696,926) (14,476,027) 1,478,714 2,262,884 $ 1,644,099 $ 2,351,132 Nature and continuance of operations (Note 1) Approved on behalf of the Board: Director "Michael MacDougall" Michael MacDougall, Director Director "Sandy MacDougall" Sandy MacDougall, Director The accompanying notes are an integral part of these consolidated interim financial statements 1 CDN MAVERICK CAPITAL CORP. Consolidated Interim Statements of Comprehensive Loss (Unaudited - Expressed in Canadian Dollars) Three months ended Six months ended June 30 June 30 2022 2021 2022 2021 EXPENSES Accounting and audit fees $ 3,070 $ 1,420 $ 4,277 $ 3,370 Consulting fees 30,000 30,000 69,551 60,000 Depreciation (Note 5) 4,284 3,610 8,568 4,282 Filing fees 8,570 6,161 15,590 32,153 Geological consulting (Note 10) - 4,500 - 9,000 Legal (recovery) (15,611) - (15,611) 4,749 Management fees (Note 10) 60,000 60,000 120,000 120,000 Office and general 4,705 11,295 11,524 21,452 Promotion and travel 5,260 3,073 5,260 6,425 Transfer agent and regulatory fees 870 860 1,740 1,625 Net loss (101,148) (120,919) (220,899) (263,056) Other comprehensive items Items that will not be subsequently reclassified to net income or loss: Gain on sale of marketable securities (Note 4) - 17,830 - 442,041 Change in fair value of investment (Note 4) (231,934) 29,343 (563,271) (2,410) Comprehensive income (333,082) (73,746) (784,170) 176,575 Basic and diluted loss per share $ (0.01) $ (0.01) $ (0.02) $ (0.03) Weighted average number of common shares outstanding 9,021,215 8,921,226 9,021,215 8,890,457 The accompanying notes are an integral part of these consolidated interim financial statements 2 CDN MAVERICK CAPITAL CORP. Consolidated Interim Statements of Cash Flow (Unaudited - Expressed in Canadian Dollars) Six months ended June 30 2022 2021 Cash provided by (used in): Operating activities Net loss $ (220,899) $ (263,056) Add (Deduct): items not involving cash Depreciation 8,568 4,282 Non-cash working capital items GST recoverable 7,997 (15,575) Prepaid expenses (10,124) 3,730 Accounts payable and accrued liabilities 77,137 (14,355) Net cash used in operating activities (137,321) (284,974) Investing activities Proceeds from sale of marketable securities - 794,966 Purchase of marketable securities - (624,417) Purchase of equipment - (58,762) Mineral properties acquisition and exploration - (84,071) Net cash provided by investing activities - 27,716 Change in cash during the period (137,321) (257,258) Cash, beginning of the period 282,611 675,310 Cash, end of the period $ 145,290 $ 418,052 Interest paid $ - $ - The accompanying notes are an integral part of these consolidated interim financial statements . 3 CDN MAVERICK CAPITAL CORP. Consolidated Interim Statements of Changes in Equity (Unaudited - Expressed in Canadian Dollars) Reserves Number of Share Share-based Held for Shares Capital Payment Sale Deficit Total Equity Balance December 31, 2020 8,221,215 $13,891,403 $ 1,257,851 $ 490,915 $ (13,761,948) $ 1,878,221 Issue of common shares for property interests (Note 7) 700,000 110,250 - - - 110,250 Gain on sale of marketable securities (Note 4) - - - 442,041 - 442,041 Change in fair value of investment (Note 4) - - - (2,410) - (2,410) Net loss - - - - (263,056) (263,056) Balance June 30, 2021 8,921,215 14,001,653 1,257,851 930,546 (14,025,004) 2,165,046 Balance December 31, 2021 9,021,215 14,017,653 1,257,851 1,463,407 (14,476,027) 2,262,884 Change in fair value of investment (Note 4) - - - (563,271) - (563,271) Net loss - - - - (220,899) (220,899) Balance June 30, 2022 9,021,215 $14,017,653 $ 1,257,851 $ 900,136 $ (14,696,926) $ 1,478,714 The accompanying notes are an integral part of these consolidated interim financial statements 4 This is an excerpt of the original content. To continue reading it, access the original document here .

View stock analysis, news, and events for Cdn Maverick Capital Corp