DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2018

Discontinued Operations

DISCONTINUED OPERATIONS

Discontinued operation – Africa Mining Division

The 2017 discontinued operations loss of $109,000 reflects additional transaction costs incurred by the Company for professional fees related to the sale of the Africa Mining Division to GoviEx Uranium Inc. (“GoviEx”) in June 2016.

The condensed consolidated statement of income (loss) for the Africa Mining Division discontinued operation for 2018 and 2017 is as follows:

(in thousands)		2018		2017
Net loss for the period		-		-
Loss on disposal		-		(109)
Loss from discontinued operations	$	-	$	(109)

Cash flows for the Africa Mining Division discontinued operation for 2018 and 2017 is as follows:

(in thousands)		2018		2017
Cash inflow (outflow):
Operating activities	$	-	$	-
Investing activities		-		(109)
Net cash outflow for the period	$	-	$	(109)