MX Gold Corp V.MXL.H

Broke & Cease Traded

[9Moneymonster9]

• This is from Dec 2017 financials: Going concern These interim consolidated financial statements have been prepared on a going concern basis which contemplates that the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. As at September 30, 2017, the Company had working capital deficiency of $1,372,496 (December 31, 2016: $10,469) and an accumulated deficit of $17,583,320 (December 31, 2016: $15,167,289) since inception. During the Nine months ended September 30, 2017 the Company incurred a net loss of 2,416,031 (2016: $3,661,504) and used net cash in operating activities of $398,093 (2016: $4,565,529).
• Cease traded due to non filings of NI 43-101

These are facts.