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Placer Del Mar, Ltd. - (An Exploration Stage Company) - Balance Sheets (USD $)
Mar. 31, 2012
Jun. 30, 2011
Cash and cash equivalents $ 2,923 $ 6,500
Accounts Receivable 127,927 146,281
Total Current Assets 130,850 152,781
Mineral Rights License, net 319,792 328,159
Total other assets 319,792 328,159
TOTAL ASSETS 450,642 480,940
Accounts payable 3,400 16,092
Loan from shareholder 89,700 85,500
Current portion of mineral rights liabilities, net discount 131,632 67,931
Total current liabilities 224,732 169,823
Mineral Rights Liability, net discount of $22,871 230,477 278,625
TOTAL LONG TERM LIABILITIES 230,477 278,625
TOTAL LIABILITIES 455,209 448,448
Common stock 1,720 [1] 1,720 [1]
Additional paid-in capital 42,480 42,480
Deficit accumulated during exploration stage (48,767) (11,708)
TOTAL STOCKHOLDERS' EQUITY (4,567) 32,492
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 450,642 $ 480,940
[1] $0.001 par value; 50,000,000 shares authorized; 1,720,000 shares issued and outstanding at March 31, 2012 and June 30, 2011 respectively