Greenvale Energy : Quarterly Cashflow Report

0cb27424-f92e-4067-a9c3-8c7f0de49848.pdf Appendix 5B

Rule 5.5

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013

Name of entity

GREENVALE ENERGY LIMITED

ABN Quarter ended ("current quarter")

54 000 743 555

31 December 2015

Consolidated statement of cash flows

Cash flows related to operating activities Receipts from product sales and related debtors Payments for (a) exploration & evaluation development production administration Dividends received Interest and other items of a similar nature received Interest and other costs of finance paid Income taxes paid Other (AIM Listing Costs) Net Operating Cash Flows	Current quarter $A'000	Year to date (6 months) $A'000
	(240) - - (491) - 1 - - (164)	(286) - - (622) - 1 - - (224)
	(894)	(1,131)
Cash flows related to investing activities Payment for purchases of: prospects equity investments other fixed assets Proceeds from sale of: prospects equity investments other fixed assets Loans to other entities Loans repaid by other entities Other (provide details if material) Total operating and investing cash flows (carried forward) Net investing cash flows	-	(181)
	-	-
	-	-
	3,600	4,000
	-	-
	-	-
	-	-
	-	-
	-	-
	3,600	3,819
	2,706	2,688

1.13 Total operating and investing cash flows (brought forward)	2,706	2,688
Cash flows related to financing activities	-	-
1.14 Proceeds from issues of shares, options, etc.
1.15 Proceeds from sale of forfeited shares	-	-
1.16 Proceeds from borrowings	-	320
1.17 Repayment of borrowings	(329)	(564)
1.18 Dividends paid	-	-
1.19 Other (provide details if material)	-	-
Net financing cash flows	(329)	(244)
Net increase (decrease) in cash held	2,377	2,444
1.20 Cash at beginning of quarter/year to date	135	68
1.21 Exchange rate adjustments to item 1.20	-	-
1.22 Cash at end of quarter	2,512	2,512

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

Current quarter $A'000
1.23	Aggregate amount of payments to the parties included in item 1.2	362
1.24	Aggregate amount of loans to the parties included in item 1.10	-
1.25	Explanation necessary for an understanding of the transactions
Payments made to Directors during the quarter relate to:

• accrued executive director and directors' fees for a period over one year amounting to

  $235,300;

• UK office lease and administration fees of $126,250;.

In addition to the above, loans advanced of $320,000 to the Company by certain directors were repaid in full plus interest and facility fees of $9,091; total amount repaid - $329,091. The loans from directors were originally used to fund the repayment of Convertible Notes that were settled at a discount. These loan repayments are stated in item 1.17.

The balance of the abandoned AIM listing costs of $164,000, represent deferred costs funded from the receipt of the sale proceeds. These costs were accrued in the 30 June 2015 financial statements and as such, there will be no impact to the current year results. These payments are stated in item 1.7.

Non-cash financing and investing activities

1. Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

   N/A

2. Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

N/A

Financing facilities available

Amount available $A'000	Amount used $A'000
Nil	Nil
Nil	Nil

1. Loan facilities

   
   

2. Credit standby arrangements

Estimated cash outflows for next quarter

Exploration and evaluation Development Production Administration	$A'000
	30
	-
	-
	75
Total	105

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current quarter $A'000	Previous quarter $A'000
Cash on hand and at bank Deposits at call Bank overdraft Other (Monies for shares not yet allotted)	2,477	101
	35	34
	-	-
	-	-
Total: cash at end of quarter (item 1.22)	2,512	135

Changes in interests in mining tenements and petroleum tenements

Tenement reference and location	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
Lowmead (MDL188)	Joint venture	50%	Nil%
Nagoorin (MDL234)	Joint venture	67%	Nil%
Nagoorin (EPM7721)	Joint venture	67%	Nil%
EPM 25792	(Licence granted)	99.99%

1. Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed

   
   

2. Interests in mining tenements and petroleum tenements acquired or increased

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

Total number	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
7.1	Preference +securities
(description)
7.2	Changes during quarter
(a) Increases through
issues
(b) Decreases through
returns of capital, buy-
backs, redemptions
7.3	+Ordinary securities	93,355,357	93,355,357
7.4	Changes during quarter
(a) Increases through
issues
(b) Decreases through
returns of capital, buy-
backs
7.5	+Convertible debt	-	-
securities
7.6	Changes during quarter	-	-
(a) Increases through
issues
(b) Decreases through
securities matured,	-	-
converted
7.7	Options (description	28,795,299	-	Exercise price	Expiry date
and conversion factor)
10c	31 August 2018
3,100,000	-	8c	31 August 2018
7.8	Issued during quarter
7.9	Exercised during
quarter
7.10	Expired during quarter	8,000,000	Performance Rights	Performance Rights