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Quarterly Activities Report: Trueclaim Exploration Cash Balance decreases 14%

Dec 28, 2019 - News Bites Canadian Markets
Mergers and Acquisitions


Corporate Wire Date: 27 December 2019 14:19 EST

The Cash Burn of operating activities was CAD222,560 for the nine months ended September 30, 2019. This corresponds to an average Cash Burn Rate of CAD177,061 per month. To support this Cash Burn Rate, the cash balance of CAD1,370,985 as at September 30, 2019 should be adequate till April 06, 2021.

Quarter ended 30 Sep 2019 CAD Cash and cash equivalents at beginning of period 1.6 million Net cas...