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Placer Del Mar, Ltd. - (An Exploration Stage Company) - Statements of Cash Flows (unaudited) (USD $)
3 Months Ended 6 Months Ended 80 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Net income (loss) $ (18,505) $ 97,238 $ (23,916) $ 88,196 $ (35,625)
Discount of long-term liabilities 5,203 1,673 10,406 1,673 22,297
Amortization of mineral rights license 2,789 930 5,578 930 12,085
Stock issued for services 0 0 0 0 0
Accounts Receivable 16,648 (70,200) 18,354 (70,200) (127,927)
Accounts Payable and accrued expenses (16,092) 0 (16,092) (9,200) 0
Net cash provided by (used in) operating activities (9,957) 29,641 (5,670) 11,399 (129,170)
Net cash provided by (used in) investing activities 0 0 0 0 0
Proceeds from loan from shareholder 0 2,500 0 22,500 85,800
Issuance of common stock 0 0 0 0 44,200
Net cash provided by (used in) financing activities 0 2,500 0 22,500 130,000
Net increase (decrease) in cash (9,957) 32,141 (5,670) 33,899 830
Cash at beginning of period 10,787 3,050 6,500 1,292 0
Cash at end of period 830 35,191 830 35,191 830
Increase in mining rights license and long-term liabilities 322,581 334,666 322,581 334,666 322,581
Interest 0 0 0 0 0
Income Taxes $ 0 $ 0 $ 0 $ 0 $ 0