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Placer Del Mar, Ltd. - (An Exploration Stage Company) - Statements of Cash Flows (USD $)
3 Months Ended 9 Months Ended 83 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
NET INCOME (LOSS) $ (13,143) $ 15,248 $ (37,059) $ 103,444 $ (48,767)
Discount of long term liabilities 5,147 5,071 15,553 6,744 27,433
Amortization of mineral rights license 2,789 2,789 8,367 3,719 14,874
Accounts receivable 0 (51,952) 18,354 (122,152) (127,927)
Accounts payable and accrued expenses 3,400 975 (12,692) (8,225) 3,400
NET CASH PROVIDED BY (USED IN)OPERATING ACTIVITIES (1,807) (27,869) (7,477) (16,470) (130,977)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 0 0 0 0 0
Proceeds from loan from shareholder 3,900 0 3,900 22,500 89,700
Issuance of common stock 0 0 0 0 44,200
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 0 0 3,900 22,500 133,900
NET INCREASE (DECREASE) IN CASH 2,093 (27,869) (3,577) 6,030 2,923
CASH AT BEGINNING OF PERIOD 830 35,191 6,500 1,292 0
CASH AT END OF PERIOD 2,923 7,322 2,923 7,322 2,923
Increase in mining rights license and long term liabilities 319,792 331,877 319,792 331,877 319,792
Interest 0 0 0 0 0
Income Taxes $ 0 $ 0 $ 0 $ 0 $ 0