Blue Gold Reports First-Quarter Financial Results
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/13/11 -- Blue Gold Mining Inc. (TSX VENTURE: BGX) reports financial results for the three months ended September 30, 2011, and provides a brief update on our corporate activities. All amounts are presented in Canadian dollars unless otherwise stated.
OVERVIEW
We are a gold exploration and development team with a track record of converting modest capital investments into exceptional shareholder returns. We have an entrepreneurially driven board and management team with skill sets in capital markets, M&A, audit and compliance, and, most importantly, resource discovery and development. We have strengthened our treasury position to provide us with the necessary resources to identify, acquire and unlock value in new projects globally.
HIGHLIGHTS
Leadership and Management
Financing and Corporate Activities
Exploration Activities
We have assembled a proven management team and board of directors and have strengthened our treasury, providing us with the necessary resources to identify, acquire and advance new projects globally. With the Company's cash balance of approximately $25 million, we remain focused on identifying projects that will allow us to create value for our shareholders.
SELECTED FINANCIAL DATA
The following selected financial data is derived from our financial statements for the three months ended September 30, 2011 and 2010, as prepared in accordance with International Financial Reporting Standards ("IFRS").
Details of the Company's financial results are described in the condensed interim financial statements and corresponding Management's Discussion and Analysis for the three months ended September 30, 2011. These and further details on Blue Gold's project and activities can be found on the Company's website at and on SEDAR at .
This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Blue Gold Mining Inc.
Mark O'Dea
Chairman and CEO
604-683-7790
Blue Gold Mining Inc.
Sean Tetzlaff
Chief Financial Officer
604-683-7790
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Unternehmensinformation / Kurzprofil:
Datum: 13.12.2011 - 23:00 Uhr
Sprache: Deutsch
News-ID 96716
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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"Blue Gold Reports First-Quarter Financial Results"
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