High River Gold Mines Ltd HRIVF

RE: RE: RE: RE: what is value of HRG then?

[Novaman67]

Bart,

They list our equity in HRG separately as non-controlling interest according to the prospectus.


Basis of consolidation

Subsidiaries

Subsidiaries are those enterprises controlled, directly or indirectly, by the Company. The financial statements of
subsidiaries are included in the Group’s consolidated financial statements from the date that control effectively
commences until the date that control effectively ceases. The non-controlling interests represent the non-controlling
shareholders’ proportion of the net identifiable assets of the subsidiaries, including the non-controlling
shareholders’ share of fair value adjustments on acquisitions. The non-controlling interests are presented in the
statement of financial position within equity, separately from the Company’s shareholders’ equity.