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EXCEL - IDEA: XBRL DOCUMENT - Panex Resources Inc.Financial_Report.xls
10-Q - FORM 10-Q - Panex Resources Inc.tenq.htm
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EX-32 - EXHIBIT 32 - Panex Resources Inc.exhibit32.htm
EX-31.2 - EXHIBIT 31.2 - Panex Resources Inc.exhibit31-2.htm
EX-31.1 - EXHIBIT 31.1 - Panex Resources Inc.exhibit31-1.htm
v2.4.0.6
Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended 102 Months Ended
Nov. 30, 2012
Nov. 30, 2011
Nov. 30, 2012
Cash Flows From Operating Activities      
Net loss $ (124,250) $ (21,693) $ (13,593,679)
Adjustments to reconcile net loss to cash used in operating activities:      
Foreign currency transaction loss (gain) 708 (23,523) 104,266
Gain on sale of mineral property rights       (586,228)
Loss on sale of investment       126,181
Gain on extinguishment of debt       (10,426)
Donated services and expenses    15,260 77,627
Expenses paid by issue of common stock       500
Stock option compensation expense       221,756
Write-off deferred acquisition costs       400,000
Provision against Minanca loan       6,100,000
Change in operating assets and liabilities      
Increase (decrease) in accounts payable and accrued liabilities (35,829) 25,554 1,010,451
Increase (decrease) in amounts due to related parties 14,712 (6,804) 176,822
Net Cash Used in Operating Activities (144,659) (11,206) (5,972,730)
Cash Flows From Investing Activities      
Cash received from sale of investment       250,047
Cash received from sale of mineral property rights       210,000
Deferred acquisition costs       (400,000)
Loan advances       (7,100,000)
Repayment of loan advance       1,000,000
Net Cash Used in Investing Activities       (6,039,953)
Cash Flows From Financing Activities      
Loan from related parties       594,313
Loan repaid to related parties       (576,483)
Loan from unrelated third parties 100,000    330,000
Deposits received for common shares to be issued       40,000
Common shares issued for cash       11,647,739
Net Cash Provided by Financing Activities 100,000    12,035,569
Effect of exchange rate on cash (708) (876) (2,454)
Increase (decrease) in Cash (45,367) (12,082) 20,432
Cash at Beginning of Period 65,799 19,357   
Cash at End of Period $ 20,432 $ 7,275 $ 20,432