SQI - Financial ConditionSQI - Financial Condition
Working Capital
- February 28, 2010: $2,317,537 (Source: MD&A, June 10, 2010)
- March 31, 2010: $3.1 million (Source: Corporate Presentation, April 2010:
https://www.silverquest.ca/i/pdf/SQIPresentation2010.pdf )
- June 10, 2010:
$2.8 million (Source: Estimate (*) by Kendra Johnston, Geologist/IR SQI)
(*) Kendra is currently at the Capoose property, and did not have access to all the financial information.
Outstanding Securities Data
"On the Report Date, the Company had 65,989,984 common shares issued and outstanding or 81,992,947 common shares on a fully diluted basis. On that date, there were 5,295,000 stock options outstanding, exercisable at prices that ranged from
.10 to
.75 per share, with expiry dates to March 11, 2015, and 10,347,963 warrants outstanding, with conversion prices ranging from
.12 to
.60, expiring between August 31, 2010 and September 16, 2011. If all stock options and warrants outstanding were to be exercised, the Company would realize cash proceeds of approximately $4,547,100."
(Source: MD&A, June 10, 2010)
Future Financing
Kendra (Johnston) told me that management has not discussed a new private placement yet - or any other form of capital raising. However, she is anticipating that there might be some sort of capital raising in the fall (hopefully after a new rise in the share price).
(Source: Personal communication with Kendra Johnston, Geologist/IR SQI)
Guy