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EXCEL - IDEA: XBRL DOCUMENT - ARX Gold CorpFinancial_Report.xls
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v2.4.0.6
Statements of Cash Flows (USD $)
3 Months Ended 55 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2012
Cash flows used in operating activities:      
Net loss $ (227,730) $ (39,183) $ (1,363,891)
Adjustments to reconcile net loss to net cash used in operations:      
Non-cash issue of stock for services       178,500
Loss on sale of common stock 200,000    200,000
Changes in operating assets and liabilities:      
Accounts payable       23,224
Net cash used in operating activities (27,730) (39,183) (962,167)
Cash flows used in investing activities:      
Purchase mineral and oil and gas property interests       (240,000)
Non-cash issue of stock for interest in oil and gas leasehold       425,000
Mineral property interest    (35,000) (25,000)
Abandonment of mineral and oil and gas interests       240,000
Net cash used in investing activities    (35,000) 400,000
Cash flows from financing activities:      
Proceeds of the sale of stock 5,000    169,054
Subscription received    20,000 182,000
Stockholder loan 22,730 35,000 47,730
Proceeds from loans from officers    15,000 43,616
Contributions of capital       119,823
Net cash provided by financing activities 27,730 70,000 562,223
Net increase (decrease) in cash    (4,183) 56
Cash at beginning of period 56 4,199   
Cash at end of period 56 16 56
Supplemental disclosure of cash flow information:      
Cash paid for interest 0 0 0
Cash paid for taxes 0 0 0
Non-cash investing and financing activities:      
Issuance of common stock for mineral rights $ 4,148,000 $ 0 $ 0