logo-loader

Logan cash pile jumps 10-fold

Last updated: 16:05 24 Nov 2016 EST, First published: 11:05 24 Nov 2016 EST

shutterstock_309811022
Logan's cash stocks rocket

A ten-fold increase in cash holdings at Logan Resources (CVE:LGR) helped boost the junior mineral explorer’s balance sheet after it released interim results on Thursday.

Cash and equivalent holdings shot up to C$1.666mln in the half year to Sept 30 from C$163,224 in the six months to March 31.

As is normal for explorer companies committing to projects at various times of the business year, the company recorded a comprehensive loss of C$ 467,840 versus C$57,879 in the same period a year earlier.

Logan Resources snaps up an interest in four Nevada gold properties

Mark Morabito, chief executive of Logan Resources Ltd (CVE:LGR) tells Proactive they've now completed the initial earn-in on four gold properties in Nevada. Logan has satisfied the conditions of an option agreement with Liberty Gold signed back in July of last year and has earned a 51%...

on 08/24/2017