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TAWANA RESOURCES NL - Loss per share and Headline loss per share for the half-year ended 30 June 2013

Release Date: 11/09/2013 10:48:00      Code(s): TAW       PDF(s):  
Loss per share and Headline loss per share for the half-year ended 30 June 2013

Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
ISIN: AU000000TAW7
Share code on the Australian Stock Exchange Limited: TAW
ISIN: AU000000TAW7
(“Tawana” or “the Company”)


Classification of securities as ordinary shares

The Company has only one category of ordinary shares included in basic loss per share.

Classification of securities as potential ordinary shares

There are currently no securities to be classified as dilutive potential ordinary shares on issue.

                                                                            2013               2012
                                                                           Number             Number

Weighted average number of ordinary shares used in the
calculation of basic loss per share                                       898,135,892       856,629,043

                                                                              $                  $

Net loss from continuing and discontinuing operations                      (1,132,567)        (1,062,797)

Net loss from continuing operations                                        (1,069,764)        (1,086,993)

The loss per share calculation as disclosed on the Statement of Comprehensive Income does not
include instruments that could potentially dilute basic earnings per share in the future as these
instruments were anti-dilutive in the periods presented. A summary of such instruments is as follows:

Equity securities                                                        Number of          Number of
                                                                         securities          potential

Options over ordinary shares                                              117,750,000       117,750,000

50,000,000 options over ordinary fully paid shares were exercised and no new options have been
issued subsequent to year end but prior to the date of issue of these financial statements.

Headline loss per share (unaudited)

Reconciliation of net loss to headline loss

                                                                            2013            2012
                                                                              $               $
Net loss                                                                   (1,069,764)     (1,086,993)
 Profit/(Loss) from discontinued operations after tax                         (62,803)         24,196
Headline earnings from continuing and discontinuing operations
used in the calculation of headline earnings per share                     (1,132,567)     (1,062,797)
Headline loss per share (cents)                                                (0.126)         (0.124)

11 September 2013

PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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