Bos Glb Hldgs Regulatory News (BOS)

29 Jul 2005 07:02

Murchison United NL29 July 2005 Quarterly Report June 2005 Summary __________________________________________________________________________________ • Murchison United NL completed the raising $2,600,000through the placement of 57,777,777 ordinary shares at A$0.045 to sophisticatedclients of Hartley Ltd. The issue was undertaken in two tranches. The firsttranche comprising 29,700,000 shares at A$0.045 per share were issued on the 9thof February 2005. The second tranche comprising 28,077,777 shares at A$0.045 pershare were issued on the 23rd May 2005. • Murchison continues to review existing assets andinvestigate resource opportunities in Australia and internationally to assesstheir appropriateness for the Company. • As announced the Company has appointed SRK Consulting (UK)to assess the prospectivity of a landholding package for uranium in thecountries of Niger, Mali and The Republic of Guinea. This review is to assistMurchison in deciding whether to pursue application(s) for appropriateexploration tenure over some or all of the subject areas. SRK have advisedMurchison that they have visited Conakry in The Republic of Guinea and collecteddata including information and samples. SRK are currently preparing for fieldvisits to Mali and Niger and have advised that their report will take longerthan first advised and now should be completed and available to Murchison by theend of September 2005. . Rule 5.3 Appendix 5B Mining exploration entity quarterly report Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001. Name of entityMURCHISON UNITED NL ABN Quarter ended ("current quarter")59 009 087 852 30 JUNE 2005 Consolidated statement of cash flows Current quarter Year to date Cash flows related to operating activities A$'000 (12 months) A$'0001.1 Receipts from product sales and related - - debtors 1.2 Payments for (a) exploration and - - evaluation (b) development - - (c) production - - (d) administration (387) (713) 1.3 Dividends received1.4 Interest and other items of a similar nature received 17 271.5 Interest and other costs of finance paid - -1.6 Income taxes paid - -1.7 Other (provide details if material) (370) (686) Net Operating Cash Flows Cash flows related to investing activities1.8 Payment for purchases of: (a) prospects - - (b) equity - - investments (c) other fixed - - assets1.9 Proceeds from sale of: (a) prospects - - (b) equity - - investments (c) other fixed - 2 assets1.10 Loans to other entities - -1.11 Loans repaid by other entities - -1.12 Other (provide details if material) - - Net investing cash flows 0 21.13 Total operating and investing cash flows (370) (684) (carried forward) 1.13 Total operating and investing cash flows (brought (370) (684) forward) Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1,188 2,5241.15 Proceeds from sale of forfeited shares - -1.16 Proceeds from borrowings - -1.17 Repayment of borrowings - -1.18 Dividends paid - -1.19 Other - Settlement of Guarantee Net financing cash flows 1,188 2,524 Net increase (decrease) in cash held 818 1,840 1.20 Cash at beginning of quarter/year to date 1,170 1481.21 Exchange rate adjustments to item 1.201.22 Cash at end of quarter 1,988 1,988 Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the relatedentities Current quarter $A'000 1.23 Aggregate amount of payments to the parties included in item 1.2 94 1.24 Aggregate amount of loans to the parties included in item 1.10 0 1.25 Explanation necessary for an understanding of the transactions Salaries and rental of office premises Non-cash financing and investing activities 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows Nil 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest Nil Financing facilities available Add notes as necessary for an understanding of the position. Amount available Amount used $A'000 $A'0003.1 Loan facilities Nil N/A 3.2 Credit standby arrangements Nil N/A Estimated cash outflows for next quarter $A'0004.1 Exploration and evaluation 0 4.2 Development 0 Total 0 Reconciliation of cash Reconciliation of cash at the end of the quarter (as Current quarter Previous quartershown in the consolidated statement of cash flows)to the related items in the accounts is as follows. $A'000 $A'0005.1 Cash on hand and at bank 1,988 1,1705.2 Deposits at call - -5.3 Bank overdraft - -5.4 Other (provide details) - - Total: cash at end of quarter (item 1.22) 1,988 1,170 Changes in interests in mining tenements Tenement Nature of interest Interest at Interest at reference beginning of end of (note (2)) quarter quarter6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rightstogether with prices and dates. Total number Number quoted Issue price per Amount paid up per security (see note security (see note 3) (cents) 3) (cents)7.1 Preference +securities (description)7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions7.3 +Ordinary securities 271,132,594 271,132,594 2,250,000 - 25 17.4 Changes during quarter (a) Increases through issues Issue for cash 28,077,777 4.5 cents 4.5 cents (b) Decreases through returns of capital, buy-backs7.5 +Convertible debt securities (description)7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted7.7 Options (description and Exercise price Expiry date conversion factor) (cents) 7,500,000 - 5 19/5/10 200,000 - 114 8/8/05 350,000 - 46 1/7/07 - - -7.8 Issued during quarter7.9 Exercised during quarter7.10 Expired during quarter7.11 Debentures (totals only)7.12 Unsecured notes (totals only) Compliance statement 1 This statement has been prepared under accounting policies whichcomply with accounting standards as defined in the Corporations Act or otherstandards acceptable to ASX (see note 4). 2 This statement does give a true and fair view of the mattersdisclosed. Sign here:.................................................. Date: 29.July 2005.......... Company Secretary Print name: .............Joe Schiavi...................... Notes 1 The quarterly report provides a basis for informing the market howthe entity's activities have been financed for the past quarter and the effecton its cash position. An entity wanting to disclose additional information isencouraged to do so, in a note or notes attached to this report. 2 The "Nature of interest" (items 6.1 and 6.2) includes options inrespect of interests in mining tenements acquired, exercised or lapsed duringthe reporting period. If the entity is involved in a joint venture agreementand there are conditions precedent which will change its percentage interest ina mining tenement, it should disclose the change of percentage interest andconditions precedent in the list required for items 6.1 and 6.2. 3 Issued and quoted securities The issue price and amount paid upis not required in items 7.1 and 7.3 for fully paid securities. 4 The definitions in, and provisions of, AASB 1022: Accounting forExtractive Industries and AASB 1026: Statement of Cash Flows apply to thisreport. 5 Accounting Standards ASX will accept, for example, the use ofInternational Accounting Standards for foreign entities. If the standards useddo not address a topic, the Australian standard on that topic (if any) must becomplied with. This information is provided by RNS The company news service from the London Stock Exchange