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Kiska Metals Corporation
Notes to the consolidated interim financial statements
March 31, 2012 and 2011
(Expressed in Canadian Dollars)
(Unaudited – Prepared by Management)
12. Trade and other receivables
March 31,
2012
December 31,
2011
Other receivables $ 177,592 $ 500,757
Project costs 7,196 281,776
$ 184,788 $ 782,533
Other receivables include value-added or other sales taxes due, expense reimbursements due to the
Group and accruals for interest receivable.
As at period end, $121,312 of other receivables were past due but not impaired (December 31, 2011 -
$144,103). All other amounts are neither past due nor impaired.
13. Restricted cash
Restricted cash of $168,370 (December 31, 2011 - $173,858) represents project reclamation deposits in
favor of regulatory authorities held as site restoration deposits. The amount of the deposit is determined
at the time the exploration program is planned and a notice of work is submitted to the regulatory
authority. If the work is more extensive than previously planned, the amount of the deposit will be
increased. When reclamation work is completed on a project to the satisfaction of the regulatory authority,
the deposit is released to the Group.
14. Share capital
Authorized ordinary share capital
Authorized for share-based compensation
Issued and fully paid:
Unlimited
10% of issued and outstanding shares
Number of Shares
Amount
Balance, January 1, 2011 79,502,698 $ 78,904,726
Issued for cash on short-form prospectus 15,065,000 17,324,750
Allocation of fair value of warrants issued in
private placement - (4,593,089)
Issued upon exercise of share purchase
options including fair value 4,685,861 5,812,598
Share issue costs - (1,324,487)
Balance, December 31, 2011 and March 31,
2012 99,253,559 $ 96,124,498
Fully paid ordinary shares carry one vote per share and carry dividend rights. Ordinary shares have no
par value.
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