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STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended 76 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Statement of Cash Flows      
Net Loss and Comprehensive Loss $ (3,279,604) $ (3,945,920) $ (9,041,066)
Adjustments to Reconcile Net Income (Loss) to Net Cash Used in Operating Activities:      
Valuation of Warrants   82,824 122,824
Valuation of Stock Option Issuance 558,728 639,731 1,485,209
Common Stock Issued to Settle Contractual Obligation   416,000 416,000
Common Stock Issued for Services (Value)   110,000 110,000
Depreciation Expense 6,946 4,214 11,160
Changes in Operating Assets and Liabilities      
(Increase) in Prepaid Expenses (21,159) (46,330) (77,783)
(Increase) in Deposit 196 (10,906) (10,710)
(Increase) Decrease in Other Assets 5,863 (34,335) (28,472)
Increase in Accounts Payable 771,629 35,399 867,952
Increase (Decrease) in Accrued Expenses 336,410 (295,771) 408,035
Net Cash Used in Operating Activities (1,620,991) (3,045,094) (5,736,851)
Cash Flows From Investing Activities:      
Cash Used for Furniture and Equipment   (34,732) (34,732)
Cash Paid for Mining Interests (348,430) (31,608) (477,549)
Net Cash Used in Investing Activities (348,430) (66,340) (512,281)
Cash Flows From Financing Activities:      
Proceeds From Related Party Note     150,000
Proceeds From Issuance of Common Stock 318,296 4,992,388 6,345,684
Issue Costs (19,864) (202,763) (222,627)
Net Cash Provided by Financing Activities 298,432 4,789,625 6,273,057
Increase (Decrease) in Cash and Cash Equivalents (1,670,989) 1,678,191 23,925
Initial Cash and Cash Equivalents 1,694,914 16,723  
Final Cash and Cash Equivalents 23,925 1,694,914 23,925
Supplemental Disclosures      
Cash Paid for Interest 201 169 604
Non-cash Financing Activities:      
Common Stock Issued to Settle Related Party Note   150,000 150,000
Common Stock Issued in Connection With the Acquisition of Mining Interests $ 2,060,000   $ 2,060,000