Pacific Booker Minerals Inc 6-K, filed Feb 11, 2022

Pacific Booker Minerals Inc. (PBMLF)

6-K 2022-02-11 For: 2021-12-21

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Added on April 06, 2026

About this 6-K

Pacific Booker Minerals Inc filed this 6-K on February 11, 2022.

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CONTENTS	PAGE #
Notice	3
Condensed Interim Statements of Financial Position	4
Condensed Interim Statements of Comprehensive Loss	5
Condensed Interim Statements of Changes in Equity	6
Condensed Interim Statements of Cash Flows	7
Notes to the Condensed Interim Financial Statements	8 to 28


	October 31, 2021		January 31, 2021

ASSETS

Current assets
Cash and cash equivalents	$	1,098,489	$	1,481,302
Receivables		2,850		1,967
Prepaid expenses and deposits		50,771		84,126

		1,152,110		1,567,395

Mineral property interests (Note 5)		4,832,500		4,832,500
Exploration and evaluation assets (Note 6)		24,984,268		24,880,659
Equipment, vehicles and furniture (Note 7)		29,835		38,538
Reclamation deposits		123,600		123,600

Total assets	$	31,122,313	$	31,442,692

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities
Accounts payable and accrued liabilities	$	364	$	19,102
Amounts owing to related parties (Note 10)		14,366		13,978

		14,730		33,080

Shareholders' equity
Share Capital (Note 8)		54,223,481		54,223,481
Contributed surplus (Note 8)		19,717,775		17,707,324
Deficit		(42,833,673)		(40,521,193)

		31,107,583		31,409,612

Total liabilities and shareholders’ equity	$	31,122,313	$	31,442,692


	"William Deeks"			"John Plourde"
	William Deeks, Chairman			John Plourde, CEO


	Three Month Period Ended October 31				Nine Month Period Ended October 31,
	2021		2020		2021		2020

OPERATING EXPENSES
Consulting fees – related party (Note 10)	$	225	$	225	$	675	$	450
Consulting fees - Option based payments(Note 8 & 10)		218,690		-		218,690		-
Depreciation		2,901		4,168		8,703		12,505
Directors fees		2,000		1,500		8,500		9,000
Directors fees - Option based payments(Note 8 & 10)		1,223,221		-		1,223,221		-
Filing and transfer agent fees		1,331		1,243		23,102		23,227
Foreign exchange (gain)loss		1,658		1,919		8,696		(2,162)
Finance income		(253)		(124)		(253)		(250)
Investor relations – related party(Note 10)		33,000		33,000		99,000		99,000
Investor relations - Option based payments(Note 8 & 10)		334,000		221,193		334,000		221,193
Office and miscellaneous		1,537		2,271		6,928		9,792
Office rent		23,810		23,061		68,088		69,074
Professional fees (Note 10)		18,897		22,912		55,412		50,199
Professional fees - Option based payments(Note 8 & 10)		112,779		-		234,540		-
Shareholder information and promotion		6,024		5,394		14,630		15,679
Telephone		1,283		1,288		3,842		3,657
Travel		1,560		1,432		4,706		13,519

Loss from operations		(1,982,663)		(319,482)		(2,312,480)		(524,883)

Income tax expense		-		-		-		-

Net loss and comprehensive loss for the period	$	(1,982,663)	$	(319,482)	$	(2,312,480)	$	(524,883)

Basic and diluted loss per share (Note 9)	$	(0.12)	$	(0.02)	$	(0.14)	$	(0.03)



	Number of Shares	Share Capital Amount	Contributed Surplus	Deficit	Total

Balance, February 1, 2020	16,766,969	$ 54,223,481	$ 17,486,131	$ (39,877,966)	$ 31,831,646
Option based payments		-	221,193	-	221,193
Net loss for the period	-	-	-	(524,883)	(524,883)

Balance, October 31, 2020	16,766,969	$ 54,223,481	$ 17,707,324	$ (40,402,849)	$ 31,527,956
Net loss for the period	-		-	(118,344)	(118,344)

Balance, January 31, 2021	16,766,969	$ 54,223,481	$ 17,707,324	$ (40,521,193)	$ 31,409,612
Option based payments		-	2,010,451	-	2,010,451
Net loss for the period	-	-	-	(2,312,480)	(2,312,480)

Balance, October 31, 2021	16,766,969	$ 54,223,481	$ 19,717,775	$ (42,833,673)	$ 31,107,583


	Three Month Period Ended October 31,		Nine Month Period Ended October 31,
	2021	2020	2021	2020

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$ (1,982,663)	$ (319,482)	$ (2,312,480)	$ (524,883)
Items not affecting cash:
Depreciation	2,901	4,168	8,703	12,505
Option based payments	1,888,690	221,193	2,010,451	221,193

Changes in non-cash working capital items:
(Increase)/decrease in receivables	412	(2,480)	(883)	(2,646)
(Increase)/decrease in prepaids and deposits	22,844	22,601	33,355	27,611
Increase/(decrease) in accounts payable and accrued liabilities	(5,024)	(1,857)	(18,801)	(14,165)
Increase/(decrease) in amounts owing to related parties	108	(571)	388	(4,872)

Net cash provided by/(used in) operating activities	(72,732)	(76,428)	(279,267)	(285,257)

CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of Share Capital	-	-	-	-

Net cash provided by financing activities	-	-	-	-

CASH FLOWS FROM INVESTING ACTIVITIES
Mineral property interests and Exploration and evaluation costs (net of recovery)	(100,897)	-	(103,546)	-

Net cash used in investing activities	(100,897)	-	(103,546)	-

Change in cash and cash equivalents during the period	(173,629)	(76,428)	(382,813)	(285,257)

Cash and cash equivalents, beginning of period	1,272,118	1,679,095	1,481,302	1,887,924

Cash and cash equivalents, end of period	$ 1,098,489	$ 1,602,667	$ 1,098,489	$ 1,602,667


	October 31, 2021	January 31, 2021

Working capital	$ 1,137,380	$ 1,534,315
Loss for the period	(2,312,480)	(643,227)
Deficit	(42,833,673)	(40,521,193)


	Automobile	30% declining balance
	Computer equipment	30% to 45% declining balance
	Office furniture and equipment	20% declining balance


	Financial Asset or Liability	Category
	Cash and cash equivalents	amortized cost
	Receivables	amortized cost
	Reclamation deposits	amortized cost
	Accounts payable and accrued liabilities	amortized cost
	Amounts owing to related parties	amortized cost


Morrison claims, Canada	October 31, 2021	January 31, 2021

Balance, beginning and end of period	$ 4,832,500	$ 4,832,500


	Balance February 1, 2021		Additions for period		Disposals for period		Balance October 31, 2021

Automobile
Value at Cost	$	62,633	$	-	$	-	$	62,633
Accumulated Depreciation		(25,366)		(8,386)		-		(33,752)
Net book value	$	37,267	$	(8,386)	$	-	$	28,881

Office furniture and equipment
Value at Cost	$	23,397	$	-	$	-	$	23,397
Accumulated Depreciation		(22,815)		(87)		-		(22,902)
Net book value	$	582	$	(87)	$	-	$	495

Computer equipment
Value at Cost	$	97,620	$	-	$	-	$	97,620
Accumulated Depreciation		(96,931)		(230)		-		(97,161)
Net book value	$	689	$	(230)	$	-	$	459

Totals	$	38,538	$	(8,703)	$	-	$	29,835


	Balance February 1, 2020		Additions for the year		Disposals for the year		Balance January 31, 2021

Automobile
Value at Cost	$	62,633	$	-	$	-	$	62,633
Accumulated Depreciation		(9,395)		(15,971)		-		(25,366)
Net book value	$	53,238	$	(15,971)	$	-	$	37,267

Office furniture and equipment
Value at Cost	$	23,397	$	-	$	-	$	23,397
Accumulated Depreciation		(22,669)		(146)		-		(22,815)
Net book value	$	728	$	(146)	$	-	$	582

Computer equipment
Value at Cost	$	97,620	$	-	$	-	$	97,620
Accumulated Depreciation		(96,375)		(556)		-		(96,931)
Net book value	$	1,245	$	(556)	$	-	$	689

Totals	$	55,211	$	(16,673)	$	-	$	38,538


	For the Nine Month Period ended October 31,
	2021		2020
	Number of Options	Weighted Average Exercise Price	Number of Options	Weighted Average Exercise Price

Outstanding, beginning of period	2,975,000	$ 1.47	2,975,000	$ 1.47
Granted	2,325,000	2.96	700,000	3.00
Expired	(2,875,000)	1.49	(700,000)	3.00
Exercised	-	-	-	-

Outstanding, end of period	2,425,000	$ 2.88	2,975,000	$ 1.47

Options exercisable, end of period	2,350,000	$ 2.87	2,975,000	$ 1.47

Weighted average remaining life of outstanding options granted in years		4.65		0.60
Weighted average fair value per option granted		$ 0.88		$ 0.32


Number of Options Outstanding	Number Currently Exercisable	Exercise Price	Expiry Date

100,000	100,000	$ 1.00	June 26, 2023
100,000	100,000	$ 2.00	February 23, 2026
2,225,000	2,150,000	$ 3.00	August 17, 2026


	February 23, 2021	August 17, 2021

Risk-free interest rate	0.58%	0.81%
Expected life of options	5 year	5 year
Annualized volatility	79.14%	56.73%
Dividends	0.00%	0.00%


	For the Nine Month Period ended October 31,
	2021	2020

Basic and diluted loss per common share	$ (0.14)	$ (0.03)

Weighted average number of common shares outstanding (basic and diluted)	16,766,969	16,766,969


	For the Nine Month Period ended October 31,
	2021		2020

Non-cash transactions were as follows:
deferred exploration expense recorded as accounts payable	$	63	$	17,120
deferred exploration expense recorded as owing to related parties	$	-	$	-


For the year ended	Total Assets	Total Long-term Liabilities	Total Revenue		Net Loss
For the year ended	Total Assets	Total Long-term Liabilities	Total Revenue		Total		Per Share
January 31, 2019	$ 30,472,301	$ -	$	811	$	283,552	$ 0.02
January 31, 2020	$ 31,867,283	$ -	$	1,045	$	1,061,028	$ 0.06
January 31, 2021	$ 31,442,692	$ -	$	990	$	643,227	$ 0.04


For the three months ended	Total Revenue		Loss before other items		Net Loss
For the three months ended	Total Revenue		Loss before other items		Total		Per Share
January 31, 2020	$	786	$	110,407	$	109,621	$ 0.00
April 30, 2020	$	126	$	89,007	$	88,881	$ 0.01
July 31, 2020	$	-	$	116,520	$	116,520	$ 0.00
October 31, 2020	$	124	$	319,606	$	319,482	$ 0.02
January 31, 2021	$	740	$	119,084	$	118,344	$ 0.01
April 30, 2021	$	-	$	228,693	$	228,693	$ 0.01
July 31, 2021	$	-	$	101,124	$	101,124	$ 0.01
October 31, 2021	$	253	$	1,982,916	$	1,982,663	$ 0.12


For the period ended	Total Revenue		Loss before other items		Net Loss
For the period ended	Total Revenue		Loss before other items		Total		Per Share
for the year ended January 31, 2020	$	1,045	$	1,062,073	$	1,061,028	$ 0.06
for the 3 month period ended April 30, 2020	$	126	$	89,007	$	88,881	$ 0.01
for the 6 month period ended July 31, 2020	$	126	$	205,527	$	205,401	$ 0.01
for the 9 month period ended October 31, 2020	$	250	$	525,133	$	524,883	$ 0.03
for the year ended January 31, 2021	$	990	$	644,217	$	643,227	$ 0.04
for the 3 month period ended April 30, 2021	$	-	$	228,693	$	228,693	$ 0.01
for the 6 month period ended July 31, 2021	$	-	$	329,817	$	329,817	$ 0.02
for the 9 month period ended October 31, 2021	$	253	$	2,312,733	$	2,312,480	$ 0.14


	Morrison	Total
As at October 31, 2019	$ 4,832,500	$ 4,832,500
to January 31, 2020	-	-
As at January 31, 2020	$ 4,832,500	$ 4,832,500
to April 30, 2020	-	-
to July 31, 2020	-	-
to October 31, 2020	-	-
to January 31, 2021	-	-
As at January 31, 2021	$ 4,832,500	$ 4,832,500
to April 30, 2021	-	-
to July 31, 2021	-	-
to October 31, 2021	-	-
As at October 31, 2021	$ 4,832,500	$ 4,832,500


	Morrison	Grants/Tax Credits	Total
As at October 31, 2019	$ 25,731,659	$ (859,434)	$ 24,872,225
to January 31, 2020	8,434	-	8,434
As at January 31, 2020	$ 25,740,093	$ (859,434)	$ 24,880,659
to April 30, 2020	-	-	-
to July 31, 2020	17,120	-	17,120
to October 31, 2020	-	-	-
to January 31, 2021	(17,120)	-	(17,120)
As at January 31, 2021	$ 25,740,093	$ (859,434)	$ 24,880,659
to April 30, 2021	1,001	-	1,001
to July 31, 2021	7,372	-	7,372
to October 31, 2021	95,236	-	95,236
As at October 31, 2021	$ 25,843,702	$ (859,434)	$ 24,984,268


	Capital Stock	Subscriptions Received	Contributed Surplus	Operating Loss		Deficit ending	Total Equity
As at October 31, 2019	$ 54,223,481	$ -	$ 17,486,131	$	951,407	$ 39,768,345	$ 31,941,267
to January 31, 2020	-	-	-		109,621	39,877,966	31,831,646
As at January 31, 2020	$ 54,223,481	$ -	$ 17,486,131	$	1,061,028	$ 39,877,966	$ 31,831,646
to April 30, 2020	-	-	-		88,881	39,966,847	31,742,765
to July 31, 2020	-	-	-		116,520	40,083,367	31,626,245
to October 31, 2020	-	-	221,193		319,482	40,402,849	31,527,956
to January 31, 2021	-	-	-		118,344	40,521,193	31,409,612
As at January 31, 2021	$ 54,223,481	$ -	$ 17,707,324	$	643,227	$ 40,521,193	$ 31,409,612
to April 30, 2021	-	-	121,761		228,693	40,749,886	31,302,680
to July 31, 2021	-	-	-		101,124	40,851,010	31,201,556
to October 31, 2021	-	-	1,888,690		1,982,663	42,833,673	31,107,583
As at October 31, 2021	$ 54,223,481	$ -	$ 19,717,775	$	2,312,480	$ 42,833,673	$ 31,107,583


Certificate dated	details	Transaction Amounts		Accumulated totals
Certificate dated	details	# of shares	$	# of shares	$
October 31, 2021	balance forward			16,766,969	54,223,481
December 14, 2021	options exercised	50,000	$ 150,000	16,816,969	54,373,481
	contributed surplus		$ 43,377		54,416,858


Option Transactions:
	Date	details	Exercise Price	Expiry date	# of shares	Total
	October 31, 2021	total outstanding				2,425,000
	November 1, 2021	options granted	$ 3.00	November 1, 2022	700,000	3,125,000
	December 14, 2021	options exercised	$ 3.00	August 17, 2026	-50,000	3,075,000