NunaMinerals A/S
NunaMinerals publishes interim report for H1-2014
DGAP-News: NunaMinerals A/S 12.08.2014 / 08:00 --------------------------------------------------------------------- The Board of Directors of NunaMinerals A/S has today considered and approved the accounts for H1 2014; se enclosure Nuuk (COPENHAGEN: NUNA.CO / NUNA.DC), 2014-08-12 08:00 CEST (GLOBE NEWSWIRE) -- Resume -- The result before tax for the period was a loss of 3.2 mDKK after capitalisation of exploration and evaluation costs, which is in line with expectations. -- NunaMinerals A/S has invested 3 mDKK in exploration and evaluation during the first half of 2014, following the plans laid out in the Annual Report 2013. -- In June 2014 the Company obtained a loan of 2.5 mDKK from Greenland Holding A/S, which has made a commitment to convert the loan including accrued interest in a possible, future capital raise. -- Working Capital as of June 30 2014 is 2.3 mDKK including a credit facility of 2 mDKK. -- In cooperation with KORES, the Company has conducted an exploration- and drilling program including 2,000 meters of drilling at the Qeqertaasaq license. Initial results for the mineralogical testwork are expected during Q4-2014. This programme is fully funded by KORES under the terms of an Earn-in Option Agreement with NunaMinerals. -- During June, NunaMinerals accompanied a potential JV partner/investor during a site visit to the Vagar gold project as part of their due diligence of the prospect. -- There is still uncertainty about the Company's ability to obtain the necessary bridge funding to complete a capital increase, but the Company is having ongoing negotiations with investors and other parties to secure short term liquidity and a capital injection to fund the continued exploration and development of the NunaMinerals' Vagar Gold Project. -- The Company expects a negative EBITDA of 5-10 mDKK in 2014. On behalf of the Board: Birks Bovaird, Chairman of the Board of Directors * Ole Christiansen, President and CEO Ole Christiansen, CEO, oc@nunaminerals.com, +299 55 18 57 News Source: NASDAQ OMX --------------------------------------------------------------------- 12.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: NunaMinerals A/S Denmark ISIN: DK0016190986 End of News DGAP News-Service --------------------------------------------------------------------- 281835 12.08.2014
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden