Conquest Reports First Quarter Financial Results

Conquest Resources Limited (TSXV: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. 

Click here to access Conquest’s company profile.(TSXV:CQR)