Number of Shares, Balance at December 31, 2014: 7,188,750
Number of Shares, Balance at December 31, 2015: 10,838,750
"On November 17, 2015, the Company received TSX Venture Exchange approval for a proposed share consolidation. Effective as of the opening of trading on November 18, 2015, the consolidated shares of the Company commenced trading on the TSX Venture Exchange on the basis of 1 (one) post-consolidated common share for every 2 (two) pre-consolidated shares held. As at November 17, 2015, the Company had 18,477,500 shares issued and outstanding. Post-consolidation, the Company had 9,238,750 shares issued and outstanding as of November 18,2015."
"As at December 31, 2015 the Company had not advanced its exploration and evaluation assets to commercial production and is not able to finance day to day activities through operations. These uncertainties cast significant doubt about the Company’s ability to continue as a going concern."
Quelle: Feb 29 2016 - Interim financial statements/report - English
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