ASX Announcement
16 March 2022
For personal use only
Interim Financial Report 31 December 2021 -
Re-released
Many Peaks Gold Limited (MPG or the Company) is re-releasing the attached Interim Financial Report for the half year ended 31 December. The report retains an effective date of 28 February 2022 and there are no revisions or changes to the attached Report since released by ASX as part of the Company's pre-quotation disclosure on 14 March 2022.
The Company is re-releasing this report to the ASX platform to confirm meeting ASIC statutory reporting requirements in accordance with ASIC guidelines.
Ends
This announcement has been approved for release by the Executive Chairman of Many Peaks Gold Limited
For further information please contact:
Travis Schwertfeger (Executive Chairman)
Many Peaks Gold Limited
T: +61 (8) 9480 0429
- info@manypeaks.com.au
@ManyPeaksGold | a: Level 3, 1060 Hay Street | p +61 8 9480 0429 |
ManyPeaksGold | West Perth WA 6005 | einfo@manypeaks.com.au |
w https://manypeaks.com.au/ | ||
ASX: MPG
For personal use only
MANY PEAKS GOLD LIMITED
ABN 13 642 404 797
Interim Financial Report
For the Financial Period
31 December 2021
CONTENTS | PAGE | |
For personal use only
Corporate Directory | 1 | ||
Directors' Report | |||
2 | |||
Auditor's Independence Declaration | |||
4 | |||
Statement of Profit or Loss and Other Comprehensive Income | |||
5 | |||
Statement of Financial Position | 6 | ||
Statement of Changes in Equity | 7 | ||
Statement of Cash Flows | 8 | ||
Condensed Notes to the Financial Statements | 9 | ||
Directors' Declaration | 13 | ||
Auditor's Independent Review Report | 14 | ||
CORPORATE DIRECTORY
Directors | Share Registry |
Travis Schwertfeger (Executive Chairman) | Computershare Investor Services Pty Ltd |
David Adam Beamond (Non-Executive Director) | Level 11 |
Marcus Harden (Non-Executive Director) | 172 St Georges Terrace |
PERTH WA 6000 | |
Company Secretary | |
Aaron Bertolatti | Auditors |
BDO Audit (WA) Pty Ltd | |
Registered Office | Level 9, Mia Yellagonga Tower 2, |
Level 3, 1060 Hay Street | 5 Spring Street |
WEST PERTH WA 6005 | PERTH WA 6000 |
Phone: + 61 8 9480 0429 | |
Principal Place of Business | Website |
www.manypeaks.com.au. | |
Level 1, 50 Ord Street | |
WEST PERTH WA 6005 |
Directors' Report
The Directors present their report for Many Peaks Gold Limited ("Many Peaks Gold" or "the Company") for the half-year ended 31 December 2021.
For personal use only
DIRECTORS
The persons who were directors of Many Peaks Gold during the half-year and up to the date of this report are:
- Travis Schwertfeger - Executive Chairman (appointed 18 November 2021)
- David Adam Beamond - Non-Executive Director (appointed 18 November 2021)
- Marcus Harden - Non-Executive Director (appointed 18 November 2021)
- Grey Egerton-Warburton - Non-Executive Director (resigned 18 November 2021)
- Ross Williams - Non-Executive Director (resigned 18 November 2021)
- Justin Tremain - Non-Executive Director (resigned 18 November 2021)
PRINCIPAL ACTIVITIES
Many Peaks Gold was incorporated on 6 July 2020 and entered into a 'Exploration and Option Agreement' on 4 September 2020 (Option Agreement) with EMX Broken Hill Pty Ltd (EMX). The Option Agreement was subsequently amended on 3 September 2021.
The Option Agreement provides options for Many Peaks to acquire a 100% interest in granted exploration permits EPM 26317 and EPM 27252 covering 464km2 located approximately 85km south of Gladstone in the Yarrol Province of central Queensland, Australia (Projects). As at 31 December 2021, the Option had yet to be exercised.
REVIEW OF OPERATIONS
During the period the Company was focussed on activities in preparation for listing on the Australian Securities Exchange.
CORPORATE
- On 21 September 2021, the Company completed a share split of its issued capital on a 1:2,500 basis.
- The Company converted from a Pty Ltd to a Limited company on 4 November 2021.
- On 5 November 2021, the Company issued 5,000,000 shares at A$0.10 to raise A$500,000.
- On 18 November 2021, the Company appointed Adam Beamond and Marcus Harden as Non-Executive Director's, Travis Schwertfeger as the Executive Chairman and Aaron Bertolatti as the Company Secretary.
- Director's, Justin Tremain, Grey Egerton-Warburton and Ross Williams all resigned on 18 November 2021.
EVENTS SUBSEQUENT TO REPORTING DATE
On 21 January 2022, the Company lodged a Prospectus with ASIC for its initial public offer to raise $5,500,000 (before costs).
There have been no other significant events subsequent to the end of the financial period to the date of this report which significantly affect the operations of the Group, the results of those operations or the state of affairs of the Group in future financial periods.
AUDITOR'S INDEPENDENCE DECLARATION
Section 307C of the Corporations Act 2001 requires our auditors, to provide the Directors of the Company with an Independence Declaration in relation to the review of the half-year financial report.
Many Peaks Gold Limited | 2 |
Directors' Report
For personal use only
This Independence Declaration is set out on page 4 and forms part of this Directors' report for the half- year ended 31 December 2021.
This report is signed in accordance with a resolution of the Board of Directors made pursuant to s.306(3) of the Corporations Act 2001.
Signed on behalf of the board in accordance with a resolution of the Directors.
Travis Schwertfeger
Executive Chairman
Perth, Western Australia
28 February 2022
Many Peaks Gold Limited | 3 |
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Many Peaks Gold Ltd. published this content on 16 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2022 07:47:06 UTC.