- ISIN GB00B1KMXM53
- Land –
Yellow Cat Uranium Plc
Yellow Cat Uranium Plc: Half year results
Yellow Cat Uranium Plc / Half Year Results
28.09.2009
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Yellow Cat Uranium plc
Interim Report for the 6 months to 30th June 2009
Dear Shareholders,
During the 6 months to 30th June 2009, Yellow Cat Uranium plc incurred a
loss of GBP 44,648, compared with GBP 58,454 in the same period last year.
In view of the fall in uranium prices and the difficulty of raising finance
for minerals exploration at present, the Directors decided to look for
other opportunities for the Company. As previously, announced, the
Directors reviewed in detail a coal resource in the USA, but decided not to
pursue it as it was impossible to raise the finance to explore and develop
the property.
On 9th July 2009, the Directors signed a heads of agreement by which the
Company would be acquired by a biotechnology intellectual property company
by a reverse takeover. Subject to a successful completion of this
acquisition, the Directors believe that the Company will have adequate
funds to meet its requirements and develop the business.
By Order of the Board
Mahesh N Patel
Director
23rd September 2009
Unaudited Consolidated Profit & Loss Account
For the six month period ended 30th June 2009
Period 01 January Period 01 January Year
2009 to 30 June 2008 to 30 June ended 31
Dec. 2008
GBP GBP GBP
Turnover - - -
Cost of sales - - -
Gross Profit - -
Administrative expenses (44,194) (59,231) (229,947)
Impairment charge (213,007)
Currency loss (456) (218) 8,948
Operating loss (44,650) (59,449) (434,006)
Interest receivable 2 995 2,149
interest payable - - -
Loss on ordinary activities
before taxation (44,648) (58,454) (431,857)
Taxation - - -
Loss on ordinary activities
after taxation 44,648) (58,454) (431,857)
Dividends - - -
Retained loss for the period
attributable to shareholders
of the company (44,648) (58,454) (431,857)
Unaudited Consolidated Balance Sheet
As at 30 June 2009
30 June 2009 30 June 2008 31 Dec 2008
GBP GBP GBP
Fixed Assets
Intangible Assets 44,200 274,825 44,200
44,200 274,825 44,200
Current Assets
Debtors 23,601 66,191 22,305
Cash at bank 1,839 124,077 40,913
25,440 190,268 63,218
Creditors - amounts
due within one year (42,863) (38,224) (31,482)
Net current assets /
(liabilities) (17,423) 152,044 31,736
Total assets less
current liabilities 26,777 426,869 75,936
Share capital and reserves
Called up share capital 93,000 93,000 93,000
Share premium account 700,602 701,546 700,602
Treasury shares reserve (4,000) (4,000) (4,000)
Foreign exchange reserve 54,902 (1,010) 22,403
Profit and loss account (817,727) (362,667) (736,069)
Equity shareholders'
funds 26,777 426,869 75,936
The financial information for the period ended 30 June 2009 has not been
reviewed or audited by the Company's auditor.
The Directors of Yellow Cat Uranium plc accept responsibility for this
announcement.
28.09.2009 Financial News transmitted by DGAP
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