A Dogshit SummaryThe Co's year-end is April 30, 2022. Audited financials must be submitted by no later Aug 31, 2022.
According to the CO's filing for the 9 months ended Jan 31, 2022; the Co spent $1.55 million on exploration and $1.44 million on operations. Basically, Chuck charged all expenses to the Co and no lab results reported from the $1.55 million spent on exploration. Kel-Ex made out like bandits paying for lab work with no results. Even Chad & Jen got in the game charging the Co through their own private consulting Co. Adding everything up, there is the $3 million raised and spent as of Jan 31, 2022.
It has been one year and eight months since financing. Fu*king unreal.
"...Exploration expenditures of $1,557,278 have increased significantly from $417,067 in the prior period. This is due to having an active sampling program for the Quebec project during the summer of 2021, including have an airborne geophysics survey completed. In the prior period, there was not an active project and Exploration expenditures related to project maintenance.
.,,During the nine month period ended January 31, 2022, the Company used cash of $1,444,463 on operating activities (2021 – $257,649).