RE:RE:RE:RAZORbeattitude wrote: Please provide documentation that demonstrates that the JV has expired. Funny that CanAlaska would llist them as a JV partner on their website. If the company is worhtless than sell your shares. How many share do you own? Just wondering
HERE IS A LITTLE SNIPPET OF UNO's LATEST FINANCIAL STATMENT, I WOULD RECOMEND YOU READ IT IN IT'S ENTIRETY!
Overview of the Company After the sale of its business assets in late 2008, the Company transferred its stock listing to the NEX and began looking for a transaction to meet Exchange listing requirements. During fiscal 2013, the Company commenced the process of acquiring a Uranium exploration project in Manitoba and during the first quarter of fiscal 2014 completed a significant financing that allowed it to begin work on the project. The Company graduated to the TSX Venture during the first quarter of fiscal 2014. Its main project has been the North West Manitoba uranium project; the Company has reached 70% ownership of that project and has finalized a joint venture agreement at the 70/30% level. On July 23, 2018, the Company announced that it does not intend to continue with this project and is seeking a potential buyer of it. On January 3, 2019, the Company announced that it was pursuing a change in control for the Company, which would involve a consolidation of the shares, followed by a private placement. This agreement with the new control person has since fallen through and the Company announced on November 6, 2019 that the share consolidation and change of control will not be proceeding. Due to the lack of ability to move forward with the uranium project and the difficulty in obtaining financing, the Company’s shares were moved back to the NEX on November 8, 2019. Overall Performance As at June 30, 2021, the Company has incurred cumulative losses of $12,762,975 (December 31, 2020 – $12,738,510) and has working capital deficit of $775,754 (December 31, 2020 – $751,289). Operating activities during the six month period ended June 30, 2021 resulted in cash inflow of $18,197 (2020 – cash inflow of $1,597).