GREY:NWSKF - Post by User
Post by
philwayon Jan 08, 2015 12:18pm
140 Views
Post# 23298422
NES is planning another financing from SEDAR last interim
NES is planning another financing from SEDAR last interim Page 14 section 10 of last interim report:
any externally imposed capital requirements while safeguarding the Company’s ability to continue as a going concern.
The Company’s exploration and evaluation assets are in the exploration stage, and as such, the Company is currently unable to self-finance its operations. The Company has historically relied on equity financings to finance its operations.
In order to carry out the Company’s planned exploration programs and to pay for administrative costs, the Company will spend its existing working capital and raise additional funds as required.