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MORRO BAY RESOURCES LTD V.MRB

"Morro Bay Resources Ltd is engaged in gold-silver exploration with mineral interests in the Penoles Project in Mexico. The Company has operations in Penoles, Mexico."


TSXV:MRB - Post by User

Comment by Sophia123on Mar 03, 2014 2:15am
131 Views
Post# 22271312

RE:Hi Everyone!!!

RE:Hi Everyone!!!
Liquidity and Capital Resources 
As at December 31, 2013, the Company had a deficit totaling $144,455 (September 30, 2013 - $115,895). The Company had working capital of $2,295,144 at December 31, 2013 (September 30, 2013 - $2,491,327). The continuation of the Company is dependent upon the continued financial support of shareholders, its ability to raise capital through the issuance of its securities, as well as obtaining long-term financing. As at December 31, 2013 the Company had cash and cash equivalents of $2,366,282 (September 30, 2013 - $2,509,271).
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