Placemat Bag

This is from an article in the Threads Aug/Sept 2005 issue. I have been meaning to make this bag for such a long time, and yesterday, a lovely snowy day, I picked up this mag and went to town.
It is made with a purchased placemat; this one has velvet leaves on the back. The button closure is a very old one from my stash - my MIL's gifts to me!
The bag has two pockets, a third side pocket, and a place for my pen in the top flap, sideways.

The front:

The back:

Please click on image for an enlarged view