24c83c44-d7ab-48d8-9886-b04b7f457863.pdf
Greenvale Energy Limited
Quarterly Activities Report
June 2016
ASX Release 26 July 2016
Greenvale Energy Limited (ASX: GRV) is pleased to provide the following update on its activities for the June 2016 quarter (the "Quarter"):
Existing assets
Overview
The interests in the Company's assets:
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Tenement
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Status
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Alpha (MDL 330) - (99.99%)
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Current to 31 January 2017
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Madre North (EPM 25795)
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Current to 22 December 2019
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Madre South (EPM 25792)
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Current to 3 November 2020
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Activities
There was no activity undertaken on the above tenements during the quarter.
Strategic direction and acquisitions
During the quarter, the Board continues to actively assessed potential acquisition opportunities in the exploration sector. GRV will make a further announcement as soon as information comes to hand.
Contact details
For further information, please contact:
Vince Fayad
Director and Company Secretary Ph: 0414 752 804
E: [email protected]
REGISTERED OFFICE
T +61 2 9237 6524 | A Level 8, 1 O'Connell St, Sydney NSW, Australia 2000 | P PO Box 5446, Sydney, NSW, Australia, 2001 | E [email protected]
Rule 5.5
Appendix 5B
Rule 5.5
Mining exploration entity and oil and gas exploration entity quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013
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Name of entity
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GREENVALE ENERGY LIMITED
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ABN
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Quarter ended ("current quarter")
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54 000 743 555
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30 June 2016
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Consolidated statement of cash flows
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Cash flows related to operating activities
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Current quarter
$A'000
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Year to date (6 months)
$A'000
|
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1.1
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Receipts from product sales and related debtors
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(9)
-
- (123)
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(308)
-
- (819)
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1.2
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Payments for (a) exploration & evaluation
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development
-
production
-
administration
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1.3
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Dividends received
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-
|
-
|
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1.4
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Interest and other items of a similar nature received
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15
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41
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1.5
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Interest and other costs of finance paid
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-
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-
|
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1.6
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Income taxes paid
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-
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-
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1.7
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Other (AIM Listing Costs, Stamp Duty Refund)
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188
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(36)
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Net Operating Cash Flows
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73
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(1,122)
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Cash flows related to investing activities
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-
-
-
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(181)
-
-
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1.8
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Payment for purchases of:
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prospects
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equity investments
-
other fixed assets
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1.9
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Proceeds from sale of:
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prospects
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equity investments
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other fixed assets
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-
-
-
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4,000
-
-
|
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1.10
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Loans to other entities
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-
|
-
|
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1.11
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Loans repaid by other entities
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-
|
-
|
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1.12
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Other (provide details if material)
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-
|
-
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Net investing cash flows
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-
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3,819
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1.13
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Total operating and investing cash flows (carried forward)
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73
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2,697
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1.13
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Total operating and investing cash flows (brought forward)
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73
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2,697
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Cash flows related to financing activities
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-
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-
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1.14
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Proceeds from issues of shares, options, etc.
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1.15
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Proceeds from sale of forfeited shares
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-
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-
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1.16
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Proceeds from borrowings
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-
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320
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1.17
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Repayment of borrowings
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-
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(564)
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1.18
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Dividends paid
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-
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-
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1.19
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Other (provide details if material)
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-
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-
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Net financing cash flows
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-
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(244)
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Net increase (decrease) in cash held
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73
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2,453
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1.20
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Cash at beginning of quarter/year to date
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2,449
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69
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1.21
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Exchange rate adjustments to item 1.20
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-
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-
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1.22
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Cash at end of quarter
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2,522
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2,522
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Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities
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Current quarter
$A'000
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1.23
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Aggregate amount of payments to the parties included in item 1.2
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13
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1.24
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Aggregate amount of loans to the parties included in item 1.10
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-
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1.25 Explanation necessary for an understanding of the transactions
Stamp duty refund was received in relation to an objection made to the Queensland Office of State Revenue. The transaction related to the disposal of tenements in prior financial years.
Non-cash financing and investing activities
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2.1
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Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
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N/A
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2.2
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Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest
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N/A
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Financing facilities available
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Amount available
$A'000
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Amount used
$A'000
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3.1
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Loan facilities
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Nil
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Nil
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3.2
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Credit standby arrangements
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Nil
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Nil
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Estimated cash outflows for next quarter
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$A'000
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4.1
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Exploration and evaluation
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30
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4.2
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Development
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-
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4.3
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Production
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-
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4.4
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Administration
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100
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Total
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130
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Reconciliation of cash
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Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.
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Current quarter
$A'000
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Previous quarter
$A'000
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5.1
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Cash on hand and at bank
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371
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314
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5.2
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Deposits at call
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2,151
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2,135
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5.3
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Bank overdraft
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-
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-
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5.4
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Other (Monies for shares not yet allotted)
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-
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-
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Total: cash at end of quarter (item 1.22)
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2,522
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2,512
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Changes in interests in mining tenements and petroleum tenements
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Tenement reference and location
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Nature of interest (note (2))
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Interest at beginning of quarter
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Interest at end of quarter
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EPM 25792
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(Licence granted)
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99.99%
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Interests in mining tenements and petroleum tenements acquired or increased
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
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Total number
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Number quoted
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Issue price per security (see note 3) (cents)
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Amount paid up per security (see note 3) (cents)
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7.1
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Preference +securities
(description)
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