ADVANTAGE LITHIUM CORP.
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION
(Unaudited - Expressed in Canadian Dollars)
__________________________________________________
Note
October 31,
2017
$
July 31,
2017
$
ASSETS
Current assets
Cash 13,501,993 16,470,165
Amounts receivable 1,976 4,358
GST receivable 67,890 168,875
Prepaid expenses 165,786 166,802
Total current assets 13,737,645 16,810,200
Non-current assets
Investment 5 946,680 338,606
Property, plant and equipment 6 105,719 83,269
Exploration and evaluation assets 7 41,725,446 39,114,820
Total non-current assets 42,777,845 39,536,695
TOTAL ASSETS 56,515,490 56,346,895
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities 9 357,127 490,070
TOTAL LIABILITIES 357,127 490,070
SHAREHOLDERS’ EQUITY
Share capital 8 66,355,080 65,279,861
Share-based payments reserve 6,251,945 6,088,912
Accumulated other comprehensive income 64,680 12,826
Deficit (16,513,342) (15,524,774)
TOTAL SHAREHOLDERS’ EQUITY 56,158,363 55,856,825
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 56,515,490 56,346,895
Nature of Operations - see Note 1
Events after the Reporting Period - see Note 13
These condensed consolidated interim financial statements were approved for issue by the Board of Directors on December 20, 2017
and are signed on its behalf by:
/s/ David Sidoo /s/ Nick DeMare
David Sidoo Nick DeMare
Director Director
The accompanying notes are an integral part of these condensed consolidated interim financial statements.
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