EARTHWISE MINERALS CORP. HAWKMOON RESOURCES CORP.
CONDENSED INTERIM FINANCIAL STATEMENTS
For the three months ended June 30, 2022
(Expressed in Canadian Dollars)
(Unaudited - Prepared by Management)
NOTICE OF NO AUDITOR REVIEW OF THE
CONDENSED INTERIM FINANCIAL STATEMENTS
In accordance with National Instrument 51-102 Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of these condensed interim financial statements, they must be accompanied by a notice indicating that the condensed interim financial statements have not been reviewed by an auditor.
The accompanying unaudited condensed interim financial statements of the Company for the three months ended June 30, 2022 have been prepared by and are the responsibility of the Company's management, and have not been reviewed by the Company's auditors.
HAWKMOON RESOURCES CORP.
CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION As at June 30, 2022 and March 31, 2022
(Expressed in Canadian Dollars) (Unaudited - Prepared by Management)
June 30, | March 31, | |||
2022 | 2022 | |||
ASSETS | ||||
Current | ||||
Cash | $ | 807,701 | $ | 1,038,138 |
Amounts receivable | 134,446 | 113,672 | ||
Due from related party (Note 7) | 43,487 | 40,865 | ||
Prepaid expenses and deposits (Note 7) | 56,051 | 69,368 | ||
1,041,685 | 1,262,043 | |||
Exploration and evaluation assets (Note 5) | 585,200 | 357,500 | ||
$ | 1,626,885 | $ | 1,619,543 | |
LIABILITIES | ||||
Current | ||||
Accounts payable and accrued liabilities (Note 7) | $ | 182,148 | $ | 172,235 |
Premium on flow-through (Note 10) | 135,873 | 140,103 | ||
318,021 | 312,338 | |||
SHAREHOLDERS' EQUITY | ||||
Share capital (Note 6) | 5,115,870 | 4,888,794 | ||
Share subscriptions received (receivable) | (28,065) | (48,065) | ||
Contributed surplus | 420,934 | 305,630 | ||
Accumulated deficit | (4,199,875) | (3,839,154) | ||
1,308,864 | 1,307,205 | |||
$ | 1,626,885 | $ | 1,619,543 | |
Going concern (Note 2) | ||||
Commitments (Notes 5 and 10) | ||||
Subsequent events (Note 11) |
APPROVED ON BEHALF OF THE BOARD: | |||
"Branden Haynes" | Director | "Geoff Balderson" | Director |
Branden Haynes | Geoff Balderson |
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONDENSED INTERIM FINANCIAL STATEMENTS
3
HAWKMOON RESOURCES CORP.
CONDENSED INTERIM STATEMENTS OF LOSS AND COMPREHENSIVE LOSS For the three months ended June 30, 2022 and 2021
(Expressed in Canadian Dollars) (Unaudited - Prepared by Management)
For the three months ended June 30, | ||||
2022 | 2021 | |||
(Note 12) | ||||
Expenses | ||||
Consulting fees (Note 7) | $ | 89,901 | $ | 246,262 |
Filing fees | 656 | 2,085 | ||
General exploration costs (Notes 5 and 7) | 46,999 | 59,821 | ||
Interest and bank charges | 6,272 | - | ||
Marketing | 98,373 | 32,492 | ||
Investor relations | 75,622 | 72,352 | ||
Office and general | 2,585 | 10,410 | ||
Rent (Note 7) | 3,900 | 4,400 | ||
Share-based payment (Notes 6 and 7) | 4,685 | 217,783 | ||
Professional fees | 18,091 | 41,054 | ||
Regulatory and transfer agent fee | 7,092 | 11,743 | ||
Travel and conferences | 10,775 | - | ||
Website | - | 39,740 | ||
364,951 | 738,142 | |||
Loss before other income | (364,951) | (738,142) | ||
Other incomes (expense) | ||||
Other income (Note 10) | 4,230 | - | ||
Unrealized loss on marketable securities | - | (11,000) | ||
Net loss and comprehensive loss for the period | $ | (360,721) | $ | (749,142) |
Basic and diluted loss per share | $ | (0.00) | $ | (0.02) |
Weighted average number of common shares outstanding | 72,910,513 | 37,016,843 |
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONDENSED INTERIM FINANCIAL STATEMENTS
4
HAWKMOON RESOURCES CORP.
CONDENSED INTERIM STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY For the three months ended June 30, 2022 and 2021
(Expressed in Canadian Dollars) (Unaudited - Prepared by Management)
Share | Total | ||||||||||
Number of | Capital | Subscriptions | Contributed | Shareholders' | |||||||
Shares | Stock | Received | Surplus | Deficit | Equity | ||||||
Balance, March 31, 2021 | 29,218,601 | $ | 1,676,330 | $ | 19,210 | $ | 3,080 | $ | (834,100) | $ | 864,520 |
Initial public offering | 7,500,000 | 750,000 | - | - | - | 750,000 | |||||
Share issue cost - cash | - | (115,213) | - | - | - | (115,213) | |||||
Agent's warrants issued | - | (48,000) | - | 48,000 | - | - | |||||
Shares issued for cash | 650,000 | 37,500 | (18,600) | - | - | 18,900 | |||||
Exercise of stock options | 380,000 | 79,800 | - | (30,400) | - | 49,400 | |||||
Shares issued for mineral properties | 1,330,000 | 154,500 | - | - | - | 154,500 | |||||
Share subscriptions received | - | - | 18,000 | - | - | 18,000 | |||||
Share-based payments | - | - | - | 167,200 | - | 167,200 | |||||
Share-based payments on RSU granted | - | - | - | 50,583 | - | 50,583 | |||||
Net loss for the period | - | - | - | - | (749,142) | (749,142) | |||||
Balance, June 30, 2021 | 39,078,601 | $ | 2,534,917 | $ | 610 | $ | 238,463 | $ | (1,583,242) | $ | 1,208,748 |
Balance, March 31, 2022 | 70,511,337 | $ | 4,888,794 | $ | (48,065) | $ | 305,630 | $ | (3,839,154) | $ | 1,307,205 |
Private placement | 3,000,000 | 150,000 | - | - | - | 150,000 | |||||
Share issue cost - cash | - | (12,005) | - | - | - | (12,005) | |||||
Agent's warrants issued | - | (8,911) | - | 8,911 | - | - | |||||
Shares issued for mineral properties | 1,030,000 | 44,700 | - | - | - | 44,700 | |||||
Shares issue for RSU | 427,500 | 53,292 | - | (53,292) | - | - | |||||
Share subscriptions received | - | - | 20,000 | - | - | 20,000 | |||||
Warrant private placement | - | - | - | 155,000 | - | 155,000 | |||||
Share-based payments on RSU granted | - | - | - | 4,685 | - | 4,685 | |||||
Net loss for the period | - | - | - | - | (360,721) | (360,721) | |||||
Balance, March 31, 2022 | 74,968,837 | $ | 5,115,870 | $ | (28,065) | $ | 420,934 | $ | (4,199,875) | $ | 1,308,864 |
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONDENSED INTERIM FINANCIAL STATEMENTS
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Hawkmoon Resources Corp. published this content on 29 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2022 08:23:29 UTC.
