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Bocana Resources Corp. V.BOCA

Bocana is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in South America. Bocana, through its wholly owned subsidiary, Huiracocha International Service SRL, holds a 100% working interest in the mineral properties known as the Escala area concessions ("Escala") located at the Department of Potosi, Sud Lipez Province, Bolivia as awarded by the Corporación Minera de Bolivia.


TSXV:BOCA - Post by User

Post by loopsbutterflyon Jan 13, 2024 9:58pm
122 Views
Post# 35825584

GOING CONCERN

GOING CONCERNThe company is in the exploration stage and does not generate revenue.For the 9 months ended June 30,2023 the company incurred a loss of $1 907 020 and a cashflow deficit from operationsof $811 746.The continuing losses and cashflow deficits limit the company's ability to fund its operations and the acquisition,exploration and developments of minerals properties.

The company estimates it will need additionnal capital to operate for the upcoming year



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