Dec 22 2016 - 12:55:50 ET - Audited annual financial statements - English http://www.sedar.com/...anyDocuments.do?lang=EN&issuerNo=00003100
Aug, 31 - 2016
Cash = $ 321,952 Operating loss = $ (1,522,594)
"At August 31, 2016 the Company had a working capital deficiency of $782,386. The Company’s ability to meet its obligations and maintain its current operations is contingent upon successful completion of additional financing arrangements, continued cooperation of creditors and related parties, and ultimately upon the discovery of proven reserves and generating profitable operations. These material uncertainties may cast significant doubt upon the entity’s ability to continue as a going concern."
subsequent events - Entered into a secured loan agreement for USD $100,000 with an interest rate of 12% per annum, repayable on or before November 4, 2016. The Company is in negotiation to extend the repayment schedule. - Issued 850,000 common shares on the exercise of 100,000 options and 750,000 warrants for proceeds of $63,750. - Entered into two Option Agreements with a company related by virtue of a common director (the “Vendor”) to acquire certain mining claims in Nevada (“Properties”)...
Profis wissen Bescheid... ;-) Was auf dem kommenden Meeting wohl dazu gesagt wird ?
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