content_image/102540.jpg content_image/102541.jpg
(All tabular amounts stated in thousands of United States dollars unless otherwise indicated) 

## 8. Financial Statements Prior to Completion of RTO Transaction 

The balance sheet of Asquith Resources Inc. immediately prior to completion of the RTO Transaction was as follows: 

## Balance Sheet 

(Stated in thousands of Canadian dollars) 

As at November 20, 2001 

<img src='content_image/102540.jpg'>

The statement of operations and deficit of Asquith Resources Inc. for the period January 1, 2001 to November 20, 2001 (i.e. immediately prior to completion of the RTO Transaction) was as follows: 

## Statement of Operations and Deficit 

(Stated in thousands of Canadian dollars) 

Period ended November 20, 2001 

<img src='content_image/102541.jpg'>

