WUC Q1 financials

WUC issued its first quarter financial statements and MD&A on Monday.  A few key numbers (USD):

	Column 1	Column 2
0	Cash	$893,233
1	Current liabilities	$380,487
2	Mining expenditures	$41,680
3	Cash used in operating activities	$252,118
4	Advance on credit facility to Black Range	$128,005
5	Payment of Nueco note	$253,346
6	Private placement proceeds	$1,353,793

Going concern disclosure:

The Company has a working capital surplus as at March 31, 2015 of $641,119 and has incurred a net loss for the three months ended March 31, 2015 of $212,331. It expects to incur further losses in the development of its business. The Company will require additional financing in order to conduct its planned work programs on its mineral properties, meet its ongoing levels of corporate overhead and discharge its liabilities as they come due. These conditions indicate the existence of material uncertainties that cast significant doubt upon the Company's ability to continue as a going concern.

http://www.cnsx.ca/cmsAssets/docs/F..._ WUC_Q1_2015_Quarterly_Listing_Statement.pdf