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ROK Resources Files Financial Results and Management Discussion & Analysis for the Second Quarter of 2020
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES RE...
About this update from Rok Resources, Inc. Class B
[{"type":"text","content":"ROK Resources Files Financial Results and Management Discussion & Analysis for the Second Quarter of 2020NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESREGINA, SK / ACCESSWIRE / August 21, 2020 -ROK Resources Inc. (\"ROK\" or the \"Company\") (TSXV:ROK) announces that it has filed its interim Financial Results and Management Discussion & Analysis for the three and six months ended June 30, 2020.Financial StatementsHighlights include:In June 2020, the Company closed the acquisition of producing oil and gas properties located within the Glen Ewen area of Southeast Saskatchewan. The acquired assets also include associated facilities and land directly adjacent to the Company's existing land base within the area, as well as associated liabilities relating to future abandonment obligations on well and facility sites.Subsequent to quarter end, the Company closed a private placement financing of units of the Company at a price of $0.065 per unit for total gross proceeds of $500,000. Each unit consisted of one common share of the Company and one common share purchase warrant, with each warrant exercisable at a price of $0.15 for a period of twenty-four months from the date of issuance.$ (Canadian dollars)June 30, 2020June 30, 2019Working Capital564,4041,301,305Property, Plant and Equipment3,649,205-Exploration and Evaluation Assets942,340-Total Assets5,216,3151,305,166Cash flow used in Operations (six months)355,297137,189Cash flow used in Operations (three months)177,440103,430Net Loss (six months)419,462117,538Net Loss (three months)242,70058,834Net Loss per Share, basic and diluted (six months)0.010.01Net Loss per Share, basic and diluted (three months)0.010.00 Complete reports and statements are available on SEDAR at www.sedar.com and on the Company website www.rokresources.ca.About ROKROK Resources Inc. (previously Petrodorado Energy Ltd.) is currently engaged in the exploration and development of petroleum and natural gas in Southeast Saskatchewan. Its head office is located in Regina, Saskatchewan, Canada and ROK's common shares are traded on the TSX Venture Exchange under the trading symbol \"ROK\".For further information, please contact:Cameron Taylor, President and CEOLynn Chapman, VP Finance and CFO Phone: (306) 522-0011Email: [email protected] Statement Regarding Forward-...