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Petro One Energy Corp CUDBF



GREY:CUDBF - Post by User

Post by kha341on Sep 19, 2014 7:18am
179 Views
Post# 22950999

Interim Financial Statements / MD&A

Interim Financial Statements / MD&Aare available on SEDAR website.

Excerpt from MD&A:

While it had negative working capital of $140,166 at July 31, 2014, the Company believes that the receipt of $120,000 in respect of warrant exercises subsequent to July 31, 2014, in addition to the receipt of the KMDC instalment payments on September 19, 2014 and September 26, 2014, as well as the receipt of funds on October 7, 2014 in respect of the completion of the $4,000,000 KMDC private placement, the $14,000,000 KMDC drill funding commitment, and the additional $2,000,000 private placement, will be sufficient to meet the Company’s short-term business requirements

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