RE:News above ........Net working capital was positive $1.01M compared to a net working capital deficiency of $1.53M at December 31, 2018. A private placement during the 2019 fiscal year raised gross proceeds of $2M. A gain on conversion of debt of $192,881 and a write-off of contingency settlement of $837,855 contributed to both positive working capital and to a positive net income. The Company earned a net income of $161,972 during fiscal 2019 compared to a net loss of $394,133 in fiscal 2018. The Company improved the economics of the Santo Domingo Silver Project by reducing several royalties on the property.
The Company is awaiting permits to implement a focused drill program on the property.