Roxgold Inc. (TSXV:ROG) announced the Company’s unaudited financial results for the three and twelve months ended October 31, 2012. As at October 31, 2012, the Company had cash and cash equivalents of $13,672,614 and net working capital of $12,186,673. Roxgold’s net loss for the three and twelve months ended October 31, 2012 totaled $5,154,265 and $18,879,500 respectively (October 31, 2011: $704,695 and $1,959,486 respectively).
As quoted in the press release:
The increase in the net loss for the current period was primarily due to costs relating to a proxy battle that preceded the Company’s Annual General Meeting (“AGM”) held on September 25, 2012. A settlement was reached prior to the AGM and during the most recently completed financial quarter the Company recognized $1,882,566 in expenses related to the proxy contest and $1,567,500 in severance related expenses relating to change of control provisions in employee contracts that were triggered by changes at the board level. During the twelve month period the Company recognized $11,941,068 (2011: $1,401,919) in share-based payments relating to stock options granted to employees and former employees, consultants and directors of the Company. The majority of these stock options have now been cancelled.
Click here to read the Roxgold Inc. (TSXV:ROG) press release
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1807.31 | +0.90 | |
Silver | 23.74 | +0.01 | |
Copper | 3.81 | +0.06 | |
Palladium | 1756.59 | +0.59 | |
Platinum | 1026.53 | +3.52 | |
Oil | 79.35 | +1.86 | |
Heating Oil | 3.21 | +0.12 | |
Natural Gas | 5.13 | +0.13 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured {{ post.primary_section_name }} Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.