Business
Contact Gold Reports Q1 2020 Financial and Operating Results and Voting Results from Annual Meeting
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2020) -   Contact Gold Corp. ...
About this update from Commodore Metals Corp.
[{"type":"text","content":"Contact Gold Reports Q1 2020 Financial and Operating Results and Voting Results from Annual MeetingVancouver, British Columbia--(Newsfile Corp. - June 1, 2020) -  Contact Gold Corp. (TSXV: C) (OTCQB: CGOL) (the \"Company\" or \"Contact Gold\") is pleased to announce its financial and operating results for the three months ended March 31, 2020.All dollar amounts are presented in Canadian dollars unless otherwise stated.2020 highlights and recent developments Raised $1.25 million in a private placement financing (the \"2020 Placement\"), providing the Company with the capital to continue to advance its business as drilling season begins in Nevada Commenced trading on the OTCQB Venture Market (\"OTCQB\") under the ticker symbol \"CGOL\" Announced final results from the 2019 drill program at the Green Springs gold property, highlights of which include:2.36 g/t gold over 70.10 m in hole GS19-07 (January 28, 2020)1.02 g/t gold over 22.86 m in hole GS19-10 (February 12, 2020)1.34 g/t gold over 28.96 min hole GS19-02 (January 7, 2020)1.68 g/t gold over 35.05 m in hole GS19-03 (January 14, 2020)Announced results of bottle roll tests from the Green Springs property's Alpha, Bravo and Echo zones, which all returned excellent gold recoveries (April 21, 2020)Selected financial dataDetails of financial results as at and for the three months ended March 31, 2020, are described in the unaudited condensed interim consolidated financial statements and related notes thereto (the Interim Financial Statements) as prepared in accordance with United States Generally Accepted Accounting Principles (\"US GAAP\"), and MD&A for the corresponding period, copies of which are available on SEDAR at www.sedar.com. The following selected financial data is derived from the Interim Financial Statements. Unless otherwise stated, the information herein, and in the tables below, is presented in Canadian dollars.Three months endedAttributable to shareholders:March 31, 2020March 31, 2019March 31, 2018Loss for the period$ 2,702,007$ 1,777,295$ 1,248,596Other comprehensive loss (gain) for the period$ (3,367,024)$ 817,979$ (1,089,809)Comprehensive loss (gain) for the period$ (665,017)$ 2,595,274$ 158,787Basic and diluted loss per share$ 0.04$ 0.04$ 0.03 As at March 31, 2020As at December 31, 2019Cash$ 340,059$ 844,169Working capital$ (63,765)...