reports
Liquidity and Capital Resources
The Company’s business is exploration and it does not generate cash flow from operations to adequately fund its
activities and has therefore relied principally upon the issuance of securities and loans and advances from directors
for financing. During the nine months ended March 31, 2018, the Company incurred a net loss of $181,796 (2017
– $236,188). As of March 31, 2018, the Company had working capital of $501,000 (June 30, 2017 - $94,489).