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Placer Del Mar, Ltd. - (An Exploration Stage Company) - Statements of Cash Flows (unaudited) (USD $)
3 Months Ended77 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Net income (loss)$ (5,411)$ (9,042)$ (17,120)
Discount of long-term liabilities5,203017,094
Amortization of mineral rights license2,78909,296
Accounts Receivable1,7060(144,575)
Accounts Payable and accrued expenses0(9,200)16,092
Net cash provided by (used in) operating activities4,287(18,242)(119,213)
Net cash provided by (used in) investing activities000
Proceeds from loan from shareholder020,00085,800
Issuance of common stock0044,200
Net cash provided by (used in) financing activities020,000130,000
Net increase (decrease) in cash4,2871,75810,787
Cash at beginning of period6,5001,2920
Cash at end of period10,7873,05010,787
Increase in mining rights license and long-term liabilities325,3700325,370
Interest000
Income Taxes$ 0$ 0$ 0