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CANADA ZINC METALS CORP.
Condensed Consolidated Interim Statements of Financial Position
As at March 31, 2014 and June 30, 2013
(Expressed in Canadian Dollars - Unaudited)
Note March 31, 2014 June 30, 2013
(unaudited) (audited)
Assets
Current assets
Cash and cash equivalents $ 12,382,937 $ 13,028,707
Receivables 3 39,040 42,809
METC recoverable 9 296,846 826,103
Prepaid expenses 9,706 10,255
Marketable securities 4 366,944 1,078,980
13,095,473 14,986,854
Other assets 5 332,500 332,500
Equipment and leasehold improvements 8 343,720 358,005
Long-term prepaid expenses 121,858 145,287
Exploration and evaluation assets 9 65,856,942 63,045,377
$ 79,750,493 $ 78,868,023
Liabilities and Equity
Current liabilities
Trade payables and accrued liabilities 6 $ 244,837 $ 342,818
Due to related parties 12 226 18,310
Flow-through premium liability 7 257,228 276,493
502,291 637,621
Deferred income tax liability 1,761,000 1,761,000
Equity
Capital stock 10 95,385,179 92,555,610
Reserves 10 12,171,826 11,931,251
Deficit (28,771,607) (27,418,595)
Accumulated other comprehensive loss 4 (1,298,196) (598,864)
77,487,202 76,469,402
$ 79,750,493 $ 78,868,023
Nature and continuance of operations (Note 1)
The accompanying notes form an integral part of these condensed consolidated interim financial statements.
Approved on behalf of the Board of Directors:
“Peeyush Varshney” “Henry Giegerich”
Director Director