RE:REDHALK ANNOUNCES .25 CENT FINANCING !!!For the Year Ended March 31, 2013 Redhawk had close to $2.2m in G&A expenditures. In 2012 it was $2.6m . Basically the PP will keep the lights on and pay salarys for another year.
There is no point in putting one more drill hole in the property. Put the entire project on care and maintanence and find a buyer.
Expenses
Director fees $ 119,563 $ 77,421
Filing fees 77,857 188,117
Insurance 34,824 24,212
Investor relations 106,711 282,499
Management and consulting fees 617,159 410,150
Office and sundry 75,366 72,555
Professional fees 143,083 224,541
Rent 19,444 33,149
Salaries 36,014 ‐
Share‐based compensation 820,795 1,139,105
Transfer agents 6,070 89,676
Travel and accommodations 117,799 104,182
(2,174,685) (2,645,607)