Uh!! Oh!!!Hi EVERYONE at Caramax mining corpz bulll board blog!!! I hope EVERYONE is having the BEST day!!!
Wowsers!!! Copper fox metals inc finances are NOT looking so good in last FINANCIALS report on sedar and stuff. Copper fox cupboard is lookin iddy biddy bit empty.
Working Capital As at October 31, 2017, Copper Fox had working capital was $272, 883 (October 31, 2016 - $868,645). On February 15, 2018, the Company obtained an advance of $100,000 from one of its shareholders, resulting in the Company having a cash position of $136,997. This indicates that the Company will need to raise additional funds by the end of March 2018. Management plans to raise funds through a private placement in March 2018 and is in discussions with potential investors in this regard. If Management were to be unsuccessful in raising additional funds, they plan to sell one or more of the US properties. Management has been successful in the past in raising required equity financing and believes they will be able to do so again.
Have the BEST day EVERYONE!!! YEAH!!!! ^_^