BLR 0.00% 0.2¢ black range minerals limited

Apparently WUC has no plans to undertake any significant...

  1. 561 Posts.
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    Apparently WUC has no plans to undertake any significant activities this year to commence production from any of its uranium assets. From WUC's amended listing statement filed April 30, 2015:

    6.20 The Issuer had negative cash flow from operations for its most recently
    completed fiscal period. At December 31, 2014 the Issuer had cash and cash
    equivalents of approximately $173,000.

    On February 4, 2015, the Company completed a private placement raising
    gross proceeds of CAD $1,760,000 (USD $1,453,602). These proceeds will be
    used to fund the company’s 2015 operating expenditures and debt service
    budgeted at approximately $1,250,000

    This budget provides for the Issuer to continue its development of the Assets,
    and assumes that no significant activities are undertaken during the
    corresponding period to commence production from any of the Assets. If the
    Issuer determines to start production at one of the Assets earlier than planned,
    it is anticipated that the required funding would have to be raised through​
    private placements of the Issuer’s securities.
 
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Currently unlisted public company.

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