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Quarterly Activities Report: GGL Resources Cash Balance increases 61%

Nov 18, 2020 - News Bites Canadian Markets


Corporate Wire Date: 17 November 2020 14:19 EST

The Cash Burn of operating activities was CAD167,183 for the nine months ended August 31, 2020. This corresponds to an average Cash Burn Rate of CAD18,576 per month. To support this Cash Burn Rate, the cash balance of CAD332,621 as at August 31, 2020 should be adequate till February 19, 2022.

Quarter ended 31 Aug 2020 CAD Cash and cash equivalents at beginning of period 207,000 Net cash from / (...