Announces Year-end 2006 Financial ResultsHow will end the aqtual Quarter an so on ????
whats your opinion ???
Highlights -- In 2006, Copper Fox spent a further $5.9 million of
additional expenditures on the Schaft Creek Property and satisfied the
first obligation of earning its 94.3% option interest from Teck-Cominco
by spending $5,000,000 of expenditures on the Schaft Creek deposit by
December 31, 2006. The Company also completed over $9.7 million of
equity financings during the year. The corporation's working capital
position at October 31, 2006 was $2.6 million. The Company incurred a
loss of $1,656,713 for the year ended October 31, 2006 ($0.04 per
share) compared to a loss of $590,637 ($0.04 per share) for the year
ended October 31, 2005 and losses of $193,356 for the three months
period ended October 31, 2006 ($0.00 per share)!!!!!
compared to a loss of$202,831 ($0.00 per share) for the three months ended October 31, 2005.
Subsequent to year end, the Company completed financing in December
2006 for gross proceeds of $3.1 million.