GREY:RHWKF - Post by User
Post by
frankmanon Aug 12, 2014 9:27am
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Post# 22831531
Working capital down to $286,463 END OF JUNE now August
Working capital down to $286,463 END OF JUNE now AugustFinancing will be needed anytime.
"the Company has incurred operating losses since inception, has no source of revenue, is unable to self-finance operations, and has significant cash requirements to meet its overhead and continue its exploration activities. As at June 30, 2014, the Company’s working capital was $286,463.
The Company’s ability to meet its administrative expenses and complete its planned exploration and development activities is dependent upon management’s ability to secure additional financing.