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Allegiance Resources Corp. (ALLG) Financings

CSE: ALLG · Gold, Lithium · Exploration stage

Allegiance Resources Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada.  Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration on the Georgina Project.  The Georgina Property consists of 1 mineral claim covering an area of 2,069 ha approximately 20 km south of the coastal town of Sayward; 105 km north of Campbell River on Vancouver Island, within the Nanaimo Mining Division.

Allegiance Resources Corp. financial statements

Key figures read from 2 of 2 financial statement filings, Dec 2, 2022 to Dec 15, 2022. Each column is the period as the company first filed it.

Balance sheet: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

Aug 2022Aug 2021
Cash and equivalentsC$102,195C$128,331
Total current assetsC$1,733,576C$256,617
Total current liabilitiesC$68,825C$8,500
Working capitalC$1,664,751C$248,117
Exploration and evaluation assetsC$1,614,006C$119,075
Total liabilitiesC$68,825C$25,001

Income statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Aug 2022FY Mar 2021
General and administrativeC$123,289C$14,134
Share-based compensationC$92,100C$22,282
Net income (loss)(C$358,558)(C$63,417)

Cash flow statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Aug 2022FY Mar 2021
Operating cash flow(C$230,798)(C$25,345)
Investing cash flow(C$128,931)(C$117,075)
Financing cash flowC$333,593C$270,751
Exploration spending (capitalized)(C$128,931)(C$117,075)
Proceeds from share issuesC$402,500C$275,001
Change in cash(C$26,136)C$128,331
Cash at end of periodC$102,195C$128,331

No financings are on record for Allegiance Resources Corp. yet.

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