MADISON ENTERPRISES
SCHEDULE B
SUPPLEMENTARY INFORMATION
Madison Enterprises Corp.
DEFERRED RESOURCE PROPERTY EXPENDITURES BREAKDOWN
for the nine months ended July 31, 1999
| |
Belencillo,
Panama |
Mt. Kare,
Papua New Guinea |
TOTALS |
| Balance October 31/98 |
$2,268,022 |
$20,525,660 |
$22,793,682 |
| |
| Assays |
- |
305,340 |
305,340 |
| Camp |
(551) |
151,245 |
150,694 |
| Camp Mgmt.Contractors |
- |
89,666 |
89,666 |
| Camp-Port Moresby |
- |
93,839 |
93,839 |
| Communications |
- |
172,258 |
172,258 |
| Community Relations |
- |
177,534 |
177,534 |
| Compensation payment |
- |
28,006 |
28,006 |
| Computer/Drafting |
- |
50,616 |
50,616 |
| Consulting-Geology |
- |
423,717 |
423,717 |
| Consulting-Geophysics |
- |
12,370 |
12,370 |
| Drilling |
- |
1,516,363 |
1,516,363 |
| Evaluation - Alluvial Res. |
- |
106,765 |
106,765 |
| Food Supplies/Catering |
- |
271,071 |
271,071 |
| Fuel Supplies |
- |
117,554 |
117,554 |
| Genealogy Study/Land Grp. |
- |
58,857 |
58,857 |
| Geology Supplies/Equip. |
- |
13,250 |
13,250 |
| Helicopter |
- |
1,012,001 |
1,012,001 |
| Insurance |
- |
67,340 |
67,340 |
| Land & Legal |
- |
38,245 |
38,245 |
| Landowner Company |
- |
88,879 |
88,879 |
| Lawyer fees |
- |
94,264 |
94,264 |
| License fees |
- |
9,470 |
9,470 |
| Local Labour-Wages |
- |
407,750 |
407,750 |
| Medical |
- |
91,446 |
91,446 |
| Ore Reserves |
- |
39,327 |
39,327 |
| Report/Map |
- |
3,937 |
3,937 |
| Security |
- |
46,165 |
46,165 |
| Surveying |
- |
13,612 |
13,612 |
| Transport & Travel |
- |
177,647 |
177,647 |
| TOTALS |
$2,267,471 |
$26,204,194 |
$28,471,665 |
BREAKDOWN OF LEGAL EXPENSES
for the nine months ended July 31, 1999
General and
Corporate |
$ 74,768 |
| Incorporation of B.V.I. Subsidary |
4,889 |
| |
| |
$ 79,657 |
BREAKDOWN OF PUBLIC RELATIONS & TRAVEL
for the nine months ended July 31, 1999
| Printing & Mailing |
$ 3,893 |
| Print & Broadcast Media |
270 |
| Expenses |
8,125 |
| Travel |
42,801 |
| Investor Relations Consultants |
42,151 |
| Fax Charges |
17,312 |
| Internet |
1,485 |
| Investment Conferences |
3,490 |
| |
$ 119,527 |
EXPENDITURES TO NON-ARMS LENGTH PARTIES
for the nine months ended July 31, 1999
SECURITIES ISSUED DURING QUARTER ENDED JULY 31, 1999
| Date of Issue |
Type of Security |
Type of Issue |
Number of Shares |
Price |
Total Proceeds |
Type of Consideration |
Commision |
| No securities were issued during the quarter ended July 31, 1999 |
OPTIONS GRANTED DURING QUARTER JULY 31, 1999
| Date Granted |
Number |
Type |
Name |
Exercise Price |
Expiry Date |
| No stock options were granted during the quarter ended July 31, 1999 |
AUTHORIZED AND ISSUED SHARE CAPITAL AS AT JULY 31, 1999
| |
Issued |
| Class |
Par Value |
Authorized |
Number |
Amount |
| Common |
N.P.V. |
100,000,000 |
22,962,569 |
$37,483,699 |
OPTIONS AND WARRENTS OUTSTANDING AS AT JULY 31, 1999
| Security |
Number or Amount |
Exercise or convertible price |
Expiry Date |
| Options |
186,601 |
$2.00 |
July 23, 2001 |
| Options |
377,500 |
$2.00 |
August 23, 2001 |
| Options |
445,000 |
$2.00 |
January 20, 2002 |
| Options |
100,000 |
$2.00 |
April 2, 2002 |
| Options |
40,000 |
$2.00 |
May 15, 2002 |
| Options |
618,399 |
$2.00 |
December 18, 2002 |
| Options |
50,000 |
$2.00 |
December 19, 2002 |
| Options |
1,000,000 |
$1.90 |
October 21,2003 |
| Options |
150,000 |
$1.53 |
April 8, 2004 |
| Warrents * |
5,264,037 |
$2.30 |
December 2, 1999 |
| Agents Warrents |
526,400 |
$3.00 |
December 2, 1999 |
| Two warrants to purchase on share at $2.30. |
SHARES IN ESCROW OR SUBJECT TO POOLING RESTRICTIONS AS AT JULY 31, 1999
| |
Number of Shares |
| Escrow |
NIL |
LIST OF DIRECTORS AS AT JULY 31, 1999
Dr. Abdullah Basodan
Douglas Brown
Nell Dragovan
Chet Idziszek
Donald Kohls
Daniel Matthews
Robert Sibthorpe
Catherine McLeod-Seltzer
James G. Stewart
« Back to financials...
About Madison