Delta Gold Corporation Announces Annual Financial Results
11 Dezember 2013 - 1:59AM
Marketwired
Delta Gold Corporation Announces Annual Financial Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 10, 2013) -
Delta Gold Corporation (the"Company") (TSX-VENTURE:DLT) reports
that it has filed on SEDAR (www.sedar.com) its audited annual
consolidated financial statements and related management discussion
and analysis ("MD&A") for year ended September 30, 2013.
With the financings
during the year and the cash contributed from the ADR amalgamation
the Company had a cash and cash equivalents balance of $5.5 million
at September 30, 2013.
The Company
completed the amalgamation with ADR Capital Corp. ("ADR") and
related financings during February 2013. The financing and the cash
provided by ADR provided net proceeds of $7.3 million.
Overall, the Company
reported a loss and comprehensive loss for the year of $3.0 million
compared with $3.1 million in the previous year. The amalgamation
purchase price (the total fair value of the consideration less the
total fair value of the identifiable nets assets acquired) resulted
in a $1.0 million charge to consolidated statement of loss, which
significantly contributed to the overall loss for the year.
Delta Gold's CEO,
Marco Romero, stated: "Delta is well positioned to advance its
business plan in 2014. Our company is well funded and our team is
managing its valuable human and financial resources judiciously. We
are working hard to build relationships that will allow us to
prudently advance the Imperial Project and remain ever watchful for
quality opportunities that leverage our skills and build
fundamental value for our shareholders in a disciplined
fashion."
Delta Gold Corp. is
a development stage mining company whose goal is to build a
successful mid-tier gold producer committed to industry-leading
technical, environmental and social best practices. Our business
strategy is to identify and evaluate mineral investment
opportunities located in favourable jurisdictions and settings, and
to prudently acquire and develop projects that are economically,
socially and environmentally viable.
Neither the
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking
Statements
This document may
contain "forward-looking information" within the meaning of
Canadian securities legislation and "forward-looking statements"
within the meaning of the United States Private Securities
Litigation Reform Act of 1995 (collectively, "forward-looking
statements"). These forward-looking statements are made as of the
date of this document and Company does not intend, and does not
assume any obligation, to update these forward-looking statements,
except as required under applicable securities legislation. By
their very nature forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Company to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements.
Delta Gold CorporationMarco RomeroPresident &
CEO604-681-2020, ext. 101info@deltagold.com
Mission Gold Ltd (TSXV:DLT)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Mission Gold Ltd (TSXV:DLT)
Historical Stock Chart
Von Mai 2023 bis Mai 2024