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Conquest Resources Limited (CVE:CQR) reports its first quarter financial results that ended on March 31, 2011.
The press release is quoted as saying:
The Company had a working capital surplus of $4,035,000 at March 31, 2011, compared to a surplus of $4,965,000 at December 31, 2010. Cash and short-term investments (including restricted cash) of $1,270,000 at March 31, 2011 decreased from $2,282,000 at December 31, 2010, primarily as a result of exploration expenditures during the period and a prepayment of $500,000, which will be deducted from future drilling costs during the next six months.
Click here to access the entire news release.
