Geomark Announces Third Quarter 2011 Results

Oil and Gas Investing

Geomark Exploration Ltd. (TSXV:GME) reported its 2011 third quarter operating and financial results.

Geomark Exploration Ltd. (TSXV:GME) reported its 2011 third quarter operating and financial results.

As quoted in the press release:

Highlights
(1) The comparative highlights have been restated with the adoption of International Financial Reporting Standards (IFRS).

(2) Geomark is a junior mineral exploration company with mineral revenue currently from non-production sources.

(3) Funds flow is not a recognized measure under IFRS. For these purposes, the Company defines funds flow as funds provided by operations after including investment dividend and interest income and the changes in non-cash investing working capital related to these sources of investment income.

Click here to read the Geomark Exploration Ltd. (TSXV:GME) press release. 

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