Re: MD & A and Financials for 3 months ending April 30th Posted to Sedar
posted on
May 24, 2014 12:12AM
"The Company had working capital of $9,053,311 on March 31, 2014 compared to $3,272,349 on December 31, 2013. The increase and maintenance of the higher working capital was due to the $4.5 million dollars of financing completed on February 13, 2014 in addition to the $2.6 million dollars raised through the exercise of stock options and warrants. The Company continues to raise capital through the exercise of stock options and warrants. Between January 1, 2014 and May 22, 2014, the Company received over $7.45 million dollars from the exercise of stock options and warrants. The Company has no significant operational or capital commitments."................ok. From this paragraph I gather the following: 2.6+4.5=7.1million. That means an additional $350,000 to the 9,053,311=9,403,311 available as of May 22. Lots of info to digest. Derek