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American CuMo releases improved first quarter financials under new leadership
American CuMo releases improved first quarter financials under new leadership.
About this update from Multi-metal Dev Ltd.
[{"type":"text","content":"\n\n\n\nAmerican CuMo releases improved first quarter financials under new leadership\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nAmerican CuMo releases improved first quarter financials under new leadership\nPR Newswire\nVANCOUVER, Dec. 2, 2014\n\n\n\nVANCOUVER, Dec. 2, 2014 /PRNewswire/ - American CuMo Mining Corporation (\"CuMoCo\" or the \"Company\") (TSXV: MLY; OTCQX: MLYCF) is pleased to announce the Company's financial results for the quarter ending September 30, 2014, the first quarter under the new board elected as a result of a shareholder requisitioned meeting held late July of this year. \n\nThe Company recorded a net gain of $19,003 for this quarter, compared to a net loss of $474,472 in the quarter ended September 30, 2013. As of September 30, 2014, the Company had a working capital deficiency of $851,046, compared to a working capital deficiency of $1,291,240 at June 30, 2014.  Details are available on the Company's website www.cumoco.com or on SEDAR.\n\nShaun Dykes, President and CEO, stated \"the Company appreciates the hard work of all directors and management to improve our financial stability. The improvements in cash flow and the reduction in working capital deficit are just the beginning, as this is the first quarter under the new team. We will continue to work hard to improve the financial health of the Company while moving the CuMo Project forward.\"\n\nAbout CuMoCo\n\nCuMoCo is focused on advancing its CuMo Project towards feasibility and establishing itself as one of the largest and lowest-cost molybdenum producers in the world as well as a significant producer of copper and silver. Management is continuing to build a strong foundation from which to move the Company and the CuMo Project forward. For more information, please visit www.cumoco.com and www.cumoproject.com \n\nNeither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new release.\n\nForward-looking info...