Three months ended June 30, and The statements reflect the current beliefs of the management of the Company, and are based on currently available information. The Company undertakes no obligation to publicly update or review the forward-looking statements whether as a result of new information, future events or otherwise. Over-all Performance. The Company has been judicious in its protection of the capital it has on hand. The Company has mining interests in West Africa and has entered into the following agreements Conpany at Keeagn 30, Esaase Gold Property.
The Company entered into an option agreement dated May 3, with Sametro Co. The agreement is subject to the following terms:. Cash payments:. Issuance ofcommon shares Hig Company the Company to Sametro over a three year period:. During the year ended March 31,after having already issued the cash and share payments as detailed in 1 a and 1 b and completing the full work expenditure indicated in 1 cthe Company renegotiated the option agreement so that all further cash and share payments as indicated in 1 a and 1 b are no longer owed.
The Jeni Concession lies directly Keegan Mining Company the southwest and contiguous to the Esaase Gold property. Keegxn Property:. Approximately samples were sent for this purpose. On the project development front, Lycopodium Engineering Pty. Meteorological and stream flow monitoring are continuing as are community development projects.
Knight and Piesold have also completed the field portion of a preliminary hydrological program. On the exploration front, Keegan has resumed drilling on the Esaase project as of June 1 st In addition to resource expansion and infill drilling Keegan plans to also drill holes for the purpose of obtaining geotechnical and hydrological data.
Subsequent Events:. On July 7 th, Keegan hired Mr. Keegan intends Keegan Mining Company bring a second drill to site to expand its exploration plans. Asumura Gold Project. The Company entered into an option agreement dated March 27, with Mt. Olives Goldfields, Ltd. Olives Reconnaissance Concession located in Ghana. The Company also had the right to accelerate both cash and Bus Company In Queens expenditures to earn a full interest in the property Minibg any time.
During the year ended March 31,the Company decided not to pursue its option agreement on the Mt. InKeegan released an intercept of 14 m of 4. Surface sampling on the Asumura property has continued and Keegan plans a drilling program later in Selected Annual Information. Revenues interest and other income.
Loss per share, basic and diluted. Total long-term financial liabilities. Below are the discussions on the significant changes in general and administrative expenses:. No increase in fees were granted and no bonuses were paid during the same period in the prior fiscal year. The following is a summary of certain consolidated financial information concerning the Overseas Construction Company Website for each of the last eight reported quarters:.
June 30, March 31, December 31, September 30, Liquidity and Capital Resources. If the first phase of exploration discovered continuous mineralization of potentially economic tenor, then additional exploration expenditure would be warranted and a second phase of exploration Keegan Mining Company be triggered. The next phase of the program at the Youfirst Company Property may result in a preliminary scoping study on the indicated and inferred resources, which would determine the amenability of the deposit to different scenarios of mining, milling and ore beneficiation.
The Company Minin it currently has sufficient working capital on hand to meet its expected capital requirements for fiscal The Company will require additional financing going forward. Additional funds may be received through the exercise of currently outstanding common stock warrants, as well as the possible exercise of common stock options.
The Company may also sell additional common shares either as a private placement or common stock offering during the year. However, there can be no assurance that any such additional funds will be obtained. There can be no assurance, whatsoever, that any of these outstanding exercisable securities will be exercised. The Company has and may continue to have Mininng requirements in excess of its currently available resources.
Although the Company has been successful Exeter Fuel Company Ri raising the above funds, there can be no assurance that the Company will have sufficient financing to meet its future capital requirements or that additional financing will be available on terms acceptable to the Company in the future.
The Company has just recently acquired interests in resource properties Kergan its overall success will be affected by its current or future business activities.
The Company is in the process of acquiring and exploring its interests in resource properties and has not yet determined whether these properties contain mineral deposits that are economically recoverable. The continued operations of the Company and the recoverability of expenditures incurred to earn an interest in these resource properties are dependent upon the existence of economically recoverable reserves, securing and maintaining title and beneficial interest in the properties, obtaining necessary financing to explore and develop the properties, Benchmark Education Company upon future profitable production or proceeds from disposition of the Minng properties.
Lease commitments 1. Off-Balance Sheet Arrangements. The Company does not utilize off-balance sheet arrangements. Transactions with Related Parties. During the three months ended June 30,the Company entered into related Cmopany transactions as follows:. These costs have been included in resource properties. These transactions were measured by the exchange amount, which is the amount agreed upon by the transacting parties. Fourth Quarter and Subsequent Events:. The following events occurred subsequent to June 30, Critical Accounting Estimates.
The presentation of financial statements requires management to make Compwny and assumptions which affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the period. Significant areas requiring the use of estimates include the assessment of impairment of long-lived assets including mineral properties, amortization of furniture, equipment and leasehold improvements and the valuation of stock-based compensation.
Asset retirement obligations: The fair value of a liability for an asset retirement obligation, such as site reclamation costs, is recognized in the period in which it is incurred if a reasonable estimate of the fair value of the costs to be incurred can be made.
The Company records the estimated present value of future cash flows associated with site reclamation as a liability when the liability is incurred. Future costs are calculated using an estimated inflation rate in the country that the third party costs are expected to be incurred. At the end of each reporting period, the liability is increased to reflect the Keegan Mining Company of time accretion expense and changes in the estimated future cash flows underlying any initial fair value measurements additional asset retirement costs.
Stock-based Keehan The Company accounts Keeyan all stock-based payments and awards made to employees and non-employees under the fair value based method. Option pricing models require the input of highly subjective assumptions including the expected price volatility and the period in which the option will be exercised or the expected life of the options. The estimates concerning volatility are made with reference to historical volatility, which is not necessarily an accurate indicator of future volatility.
Changes in Accounting Policies including Initial Adoption. Adoption of New Accounting Standards. Credit risk and the fair value of financial assets and financial liabilities. Goodwill and intangible assets. A number of Keegsn EIC abstracts have consequential amendments. Mining exploration costs. EIC, Mining Exploration Costsprovides guidance on the capitalization of Mininy costs and the impairment review of exploration costs. For the three months ended June 30,the Company determined that there was no impairment of capitalized exploration costs.
Future Automatic Equipment Manufacturing Company pronouncements:. International financial reporting standards IFRS. InCpmpany Canadian Accounting Standards Board AcSB published a new strategic plan that will significantly affect financial reporting requirements for Canadian companies.
Company Celebration Ideas date is for interim and annual financial statements relating to fiscal years beginning on or after January 1, The transition Sears Construction Company of April 1, will require the restatement for comparative purposes of amounts reported by the Company for the year ending March 31, In Julythe Canadian Securities Administrators announced that early adoption will be allowed in subject to seeking exemptive relief.
While the Company has begun assessing the adoption of IFRS forthe financial reporting impact of the transition to IFRS cannot be reasonably estimated at this time. Consolidations and non-controlling interests. Section establishes standards for the preparation of consolidated financial statements. Section establishes standards for accounting for a non-controlling interest in a subsidiary in consolidated financial statements subsequent to a business combination.
The Sections apply to interim and annual consolidated financial statements relating to fiscal years beginning on or after January 1, Earlier adoption is permitted as of the beginning of a fiscal year. The Company expects to adopt this standard on April 1, Business combinations. SectionBusiness Combinationsreplaces Section and establishes standards for the accounting for a business combination.
Any interest in the acquiree owned prior to obtaining control will be remeasured at fair value at the acquisition date, eliminating the need for guidance on step acquisitions.
Keegan Resources (Ghana) Ltd. owns and operates gold exploration projects in Ghana. The company is based in Accra, Ghana. Keegan Resources (Ghana) Ltd. operates as ……
Feb 28, 2013 · Keegan Resources Inc. announced today that effective March 1, 2013 the Company will operate under the name Asanko Gold Inc. , reflective of the region in Ghana where it operates.…
Welcome to Benchmark Metals Inc.. Benchmark Metals Inc. is a mineral exploration company focused on proving and developing the substantial resource potential of the Lawyer’s Gold and Silver project, located in the prolific Golden Horseshoe of northern British Columbia, Canada.…
Keegan Resources (Ghana) Ltd. Is a fully-owned subsidiary of Asanko Gold Inc., a Canadian junior resources company in gold exploration with the aim of developing into the next major gold producer in Ghana and West Africa. The vision of Asanko is to become a mid - tier gold mining company that maximizes value for all stakeholders. Job Summary…
Nov 25, 2011 · Keegan Resources Inc. (TSX:KGN)(NYSE Amex:KGN) ("Keegan" or the "Company) is pleased to announce that it has entered into a written settlement agreement with ……
View Keegan Snyders’ profile on LinkedIn, the world's largest professional community. Keegan has 2 jobs listed on their profile. See the complete profile on LinkedIn and discover Keegan’s connections and jobs at similar companies.Title: ECOTECH MINING SUPPLIES…
Nov 26, 2012 · Keegan is a gold development company focussing on near term gold production at its high grade multi-million ounce Esaase gold project in Ghana.…
Endeavour Mining Corporation (“EDV”) has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only.…
Nov 26, 2010 · Keegan Resource Inc. corporate strategy is to acquire, discover and develop world class gold deposits in Ghana, West Africa in an efficient, cost effective and technically sound manner so as to provide maximum benefit to its shareholders.…