Document 6600475
Transcription
Document 6600475
TM Elissa Resources Ltd. Profile Corporate Information Ticker ELI | Primary Stock Exchange TSX Venture Exchange Address: 2080-777 Hornby Street Vancouver, BC V6Z 1S4 Phone: 604-683-7361 Fax: 604-662-3231 Web Site: http://www.elissaresources.com Auditors: Smythe Ratcliffe I.R. Contact: Employees: Shareholders: Founded: 2007 Domicile: British Columbia Officers: G. Arnold Armstrong Chairman Paul Tavis McKenzie Chief Executive Officer & President Daniel Frederiksen Chief Financial Officer Directors: G. Arnold Armstrong James Garnet Clark Daniel Frederiksen Melvin L. Klohn Paul Tavis McKenzie Kerry Suffolk Subsidiaries: 0875514 B.C. Ltd. Red Hill Energy (US) Inc. Overview: This exploration-stage company is advancing its 100%-owned Thor light and heavy rare earth minerals property in Nevada. Incorporated: INCORPORATED in British Columbia Oct. 11, 2007, as Elissa Energy Inc.; name changed to Elissa Resources Ltd. Feb. 5, 2010. On Apr. 16, 2010, the company acquired all of Red Hill Energy Inc.'s non-Mongolian assets (namely, the Banbury Property near Hedley, British Columbia; the Red Lithium Property near Clayton Valley, Nevada; and the Thor Rare Earth Elements Property in Nevada and Canadian Dollar 1,000,000 cash) as part of a plan of arrangement between Red Hill and Prophecy Resource Corp. The acquisition of Red Hill's non-Mongolian assets was achieved by the company issuing 16,455,767 Common shares for 100% of the issued and outstanding Common shares of 0875514 B.C. Ltd. and for 100% of the issued and outstanding Common shares of Red Hill Energy (US) Inc., both wholly owned subsidiaries of Red Hill. The Common shares of the company were distributed to the shareholders of Red Hill on the basis of one Common share of the company for every four Common shares of Red Hill. Background: Elissa Resources Ltd., an exploration company, engages in the acquisition, exploration, and development of mineral resource properties in the United States. The company primarily explores for gold deposits and rare earth elements (REE). It has interest in the Thor Rare Earth property that is located in south western Nevada; Ulysses REE Project, which is located in eastern Idaho and south-western Montana; and the Sage Creek property that is located in Indian Creek Mining District, Lemhi County, Idaho, as well as has an option to earn a 100% interest in the St. Elmo (Nevada) gold project that is located 96 km north of Elko in north eastern Nevada. The company was formerly known as Elissa Resources Ltd. and changed its name to Elissa Resources Ltd. in February 2010. Elissa Resources Ltd. was incorporated in 2007 and is headquartered in Vancouver, Canada. Stock Data (Capitalization as of: December 31, 2013) Stock: Common no par | Authorized Shares Unlimited | Outstanding Shares 31,805,517 Long Term Debt None. Stockholders (as of ): Principal Stockholder: Transfer Agent: Computershare Investor Services, Inc., Vancouver, British Columbia Additional Notes: Dividends Common Stock Exchange TSX Venture Exchange Year 2013 2012 2 2011 1 High 0.1200 0.2500 0.3200 Low 0.0100 0.0300 0.1600 Footnote: 1 Prices reported in Canadian Dollars. 2 Listed Mar. 28. This information should not be used for determining a company’s manual exemption status. Only the listing from Corporation Records should be used for that purpose. This report is for informational purposes and should not be considered a solicitation to buy or sell any security nor is this report considered investment advice. Neither S&P Capital IQ nor any other party guarantees its accuracy or makes warranties regarding results from its usage. S&P Capital IQ receives compensation from the issuer or an agent thereof for initiating coverage, and for distribution including licensed redistribution of this report, and/or for inclusion in other S&P Capital IQ publications, generally in amounts up to U.S. $3,995. per year. Redistribution is prohibited without written permission. Page 1 TM | November 13, 2014 Elissa Resources Ltd. | Ticker ELI | Primary Exchange TSX Venture Exchange Annual Report IncomeStatement as of Dec. 31 (Thou. CANADIAN DOLLAR) Director fees Consulting fees Professional fees Other oper. expenses Int. & other income Depr. & amort. Resource properties written off Interest exp. Income tax recovery Net income Share earns. basic Share earns. diluted 2013 2012 54 37 93 399 12 8 405 1 15 (970) ($0.03) ($0.03) 46 93 93 652 21 9 403 2 142 (1,135) ($0.04) ($0.04) BalanceSheet as of Dec. 31 (Thou. CANADIAN DOLLAR) Assets: Cash & equiv. Accts. rec., net Income tax receivable Prepaid expenses Tot. curr. assets Deposits Net property Reclamation Deposit Resource Properties Total assets Liabilities: Accts. pay. & accruals Tot. curr. liabs. Com. stk. n. p. Paid-in cap. Accumulated Other Comprehensive Loss Retained earns. Total liabs. This listing from S&P Capital IQ Market Access Program including Corporate Records should not be used for determining a company's manual exemption status. Only the listing from Corporation Records should be used for that purpose. Redistribution is prohibited without written permission. 2013 2012 776 13 1,334 45 124 22 1,525 20 809 34 31 52 1,726 2,652 50 50 4,709 312 71 (2,490) 2,652 38 49 1,884 3,496 47 47 4,709 347 (52) (1,555) 3,496 Page 2