Canadian Phoenix Releases Third Quarter Results

Canadian Phoenix Resources Corp. (TSXV:CXP) reported its results for the three and nine months ended September 30, 2011.

As quoted in the press release:

2011 THIRD QUARTER HIGHLIGHTS

• The Corporation held $79,657,798 in cash and cash equivalents and maintained a working capital surplus of $79,522,562 as at September 30, 2011.

• The Corporation’s net asset value was $1.37 per common share issued and outstanding as at September 30, 2011.

• The Corporation received $200,000 on the disposition of the majority of its remaining oil and gas assets.

Click here to read the Canadian Phoenix Resources Corp. (TSXV:CXP) press release.