Road Town, British Virgin Islands--(Newsfile Corp. - November
10, 2017) - Talon Metals Corp. (TSX: TLO) ("
Talon" or the "
Company") reported a net loss for the three months
ended September 30, 2017 of $743,622 or $0.01 per share (basic and
diluted), which was primarily the result of a loss on the fair
value revaluation of the Resource Capital Fund VI L.P. unsecured
convertible loan and administration expenses. This compares to net
income for the three months ended September 30, 2016 of $112,754 or
nil per share (basic and diluted), which was primarily the result
of a gain on the fair value revaluation of the Resource Capital
Fund VI L.P. unsecured convertible loan offset by administration
The Company's net loss for the nine month period ended September
30, 2017 was $4,340,894 or $0.03 per share (basic and diluted).
This compares to a net loss of $184,594 or nil per share (basic and
diluted) for the same period in the prior year.
Capitalized exploration costs and deferred expenditures on the
Tamarack Nickel-Copper-PGE Project for the three months ended
September 30, 2017 amounted to $0.1 million. This compares to $0.2
million for the three months ended September 30, 2016. The total
capitalized exploration cost on the Tamarack Nickel-Copper-PGE
Project to September 30, 2017 amounts to $38.4 million.
Condensed Consolidated Interim Financial Statements for the
three and nine months ended September 30, 2017 and 2016, together
with Management's Discussion and Analysis, have been filed on SEDAR
and are available at
Talon is a TSX-listed company focused on the exploration and
development of the Tamarack Nickel-Copper-PGE Project in Minnesota,
USA (which comprises the Tamarack North Project and the Tamarack
South Project). The Company has a well-qualified exploration and
mine management team with extensive experience in project
For additional information on Talon, please visit the Company's
Talon Metals Corp.
Tel: (416) 361-9636 x102
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