Hi EVERYONE at Morro Bay Resources ltd bull board blog!!!! I hope EVERYONE is having the BEST day!!!!!
Wowsers!!! Morro Bay Resources Ltd doez NOT have a lotta cash left as March 2015 huh???
As at March 31, 2015, the Company had cash and cash equivalents of $47,912 (September 30, 2014 - $533,748).
They raised like 180k in April so they got like about $227,412 cash now.
On April 6, 2015, the Company offered a Private Placement for $0.05 per unit. Each unit is comprised of one share of the Company and one common share purchase warrant. The Private Placement may be closed in one or more tranches. The First Tranche consisted of the issuance of a total of 3,590,000 Units at a price of $0.05 per unit for gross proceeds of $179,500. The Private Placement remains open for further subscriptions.
Need like ANOTHER $525K to make the $750k exspenditurez this year to keep the OPTION AGREEMENT goin.
Thingz are NOT lookin to good huh??? Gonna reach 100 MILLION share count pretty soooon. I dunno.
Have the BEST day EVERYONE!!!! YEAH!!!! ^_^