Prospectus - Kingsrose Mining

APPENDIX 2
STATEMENT OF CASH FLOWS
FOR THE PERIOD 20 APRIL 2007 TO 31 AUGUST 2007
Note Unaudited Proforma
31 August 2007 Unaudited
$ $
Cash flow from/(used in) operating activities
Payments to suppliers (982,080) (982,080)
Interest paid (17,175) (17,175)
Interest received 7,016 7,016
Other income 17,308 17,308
Cash flow from/(used in) operating activities (974,931) (974,931)
Cash flow from/(used in) investing activities
Payment for property, plant and equipment (228,308) (228,308)
Payment of stamp duty on asset sale agreement - (144,000
Cash used in investing activities (228,308) (372,308)
Cash flow from/(used in) financing activities
Investment in term deposits (3,144) (3,144)
Proceeds from share issues - 6,063,000
Payments for share issue costs - (400,000)
Repayments of unsecured loans - (631,472)
Proceeds from unsecured loans 1,025,400 1,025,400
Payments off bank equipment loans (75,346) (326,558)
Cash flow from financing activities 946,910 5,727,226
Net increase/(decrease) in cash and cash equivalents (256,329) 4,379,987
Cash and cash equivalents acquired under asset sale agreement 424,050 424,050
Cash and cash equivalents at start of period 20 20
Cash and cash equivalents at end of period 167,741 4,804,057
To be read in conjunction with the notes to the unaudited financial statements
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