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Northern Lights Resources Corp C.NLR

Alternate Symbol(s):  NLRCF

Northern Lights Resources Corp is an exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where the company is in joint venture with Reyna Silver Corp.


CSE:NLR - Post by User

Post by silver300on Nov 21, 2019 11:17am
133 Views
Post# 30378312

So far, I am not up to investing in NLR

So far, I am not up to investing in NLRFrom the July 31, 2019 financial statemants Note 8:  "PREPAID EXPENSES
During the year ended April 30, 2019, the Company entered into agreements, for one year periods, with several parties for advertising, market advisory and other consulting services with contract values totaling $465,000. The fees under these agreements were paid in October and November 2018. These parties also subscribed to the private placement completed in October 2018. Due to uncertainty with the remaining economic benefits associated with these contracts at April 30, 2019, the remaining prepaid expenses associated with these contracts totaling $232,500 have been written-off to operations." In my opinion, this is a little rich for such a small company. Could have done a lot of exploration with $465,000.
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