est. Dec 31, 2018 balance sheet
Below is an estimate of the Dec 31, 2018 balance sheet
ASSETS
Cash 10,559
Receivables 44,254
Prepaid expenses 63,401
Net fixed assets (RCG) 19,910
Land (MGC) 99,270
Reclamation bond 1,070,000
Plant and equipment 3,053,588
Exploration assets 1,278,257
Development property 25,653,698
Total Assets 31,292,937
LIABILITIES
Accounts payable 7,270,353
Promissory notes 103,551
Credit facility 8,244,300
Asset Retirement 569,535
Deferred tax liab. 2,147,000
Shareholder equity 12,958,198
Total Liabilities 31,292,937
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It is a simple merge of the balance sheets of the holding company and the subsidiaries as reported in the Trustee's first report to court less the intracompany receivables and liabilities.
The balance sheet is $1.58M smaller than the Sept 2018 quarter.
The Sept 2018 quarter still had Corcoran on the balance sheet.
Otherwise it is similar to the Sept 2018 quarter.
It does not include the $2.2M DIP financing of Feb 20, 2019.
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Notes:
TRUSTEE’S FIRST REPORT TO COURT
February 15, 2019
https://www.pwc.com/ca/en/car/resource-capital-gold-corp-et-al/assets/resource-capital-gold-corp-et-al-014_021519.pdf