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/C O R R E C T I O N from Source -- Amazon Mining Holding Plc/
In c8590 transmitted at 12:24e today, an error occurred in the first paragraph following the bull...
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[{"type":"text","content":"\n\n\n\nIn c8590 transmitted at 12:24e today, an error occurred in the first\n\n\nparagraph following the bullet points. "approximately (pnds stlg)5.1MM\n\n\n(Cdn$9.9MM)" should have read "approximately (pnds stlg)4.8MM (Cdn\n\n\n$9.5MM)". Corrected copy follows:\n\n\nAmazon Reports Q2 Results and Company Update\n\n\nTORONTO, Sept. 2 /CNW/ - Amazon Mining Holding Plc (TSX-Venture: AMZ)\n("Amazon" or the "Company") announced today its unaudited interim consolidated\nfinancial statements for the three and six-month period ended June 30, 2008.\nReports indicated for the three-month period ended June 30, 2008 the net loss\nincreased substantially to (pnds stlg)2,205,719 from a loss of (pnds\nstlg)43,941 compared to the three-month period ended July 31, 2007. For the\nsix-month period ended June 30, 2008 the net loss increased to (pnds\nstlg)2,666,426 from a loss of (pnds stlg)130,210 compared to the six-month\nperiod ended July 31, 2007. The loss widened during Q1-2008 due to the\ncommencement of active exploration activities late in December 2007.\n\n\nQ2 2008 and Subsequent Period Summary:\n - Project generation continues defined by a strategy that aims to\n measure reward versus risk in the context of current global economy;\n - Madeira Gold Project: Preliminary exploration has commenced at\n Madeira Gold Project and drilling is scheduled to commence during\n Q3-2008;\n - Tocantins Gold Project: Despite the encouraging initial results from\n the first phase diamond drilling program, subsequent detailed ground\n magnetic geophysics, auger drilling and soil sampling proved\n disappointing prompting the discontinuation of the project;\n - Lavras Gold Project: Results from the first phase diamond drilling\n program were determined to fall below economically extractable\n concentrations and the project was discontinued;\n - Terra Branca Diamond Project: Prospective project economics have\n been negatively impacted by the appreciation of the Brazilian Real\n and attempts to vend or joint venture the property to a third party\n were significantly hampered by current adverse market conditions.\n The project was discontinued to avoid ongoing onerous property\n payments;\n - Exploration expenditures for Q2-2008 aggregated to\n (pnds stlg)771,293 up from (pnds stlg)442,070 in preceding\n Q1-2008; and\...