TSX:TLO
ROAD TOWN, Tortola, British Virgin
Islands, Aug. 14, 2015 /CNW/
- Talon Metals Corp., ("Talon" or the "Company")
(TSX: TLO) reported a net loss for the three month period ended
June 30, 2015 of $1.3 million or $0.01 per share (basic and diluted). This
was primarily the result of administration expenses and investment
losses.
This compares to a net loss of $1.0
million or $0.01 per share
(basic and diluted) for the same period in the prior year.
This was primarily the result of project evaluation and due
diligence expenses, administration expenses and foreign currency
losses.
The Company's net loss for the six month period ended
June 30, 2015 was $2.0 million or $0.02 per share (basic and diluted). This
compares to a net loss of $1.0
million or $0.01 per share
(basic and diluted) for the same period in the prior year.
Capitalized exploration costs and deferred expenditures on the
Tamarack Nickel-Copper-PGE Project (the "Tamarack Project")
for the six months ended June 30,
2015 amounted to $10.9
million, compared to $1.9
million for the same period in the prior year. The
total capitalized exploration costs and deferred expenditures on
the Tamarack Project to June 30, 2015
amounts to $20.6 million.
Condensed Consolidated Interim Financial Statements for the
three and six months ended June 30,
2015 and 2014, together with Management's Discussion and
Analysis, have been filed on SEDAR and are available at
www.sedar.com.
About Talon
Talon is a TSX-listed company focused on the exploration and
development of the Tamarack Project in Minnesota, USA (which comprises the Tamarack
North Project and the Tamarack South Project). The Company has a
well-qualified exploration and mine management team with extensive
experience in project management.
SOURCE Talon Metals Corp.