MONTREAL, Nov. 22 /CNW Telbec/ - Golden Goose Resources Inc. (TSX - V: GGR) The Company is pleased to report its financial results for the three-month period ended September 30, 2007.
For the three months ended September 30, 2007, the Company reported a net loss of $288,582 (or $0.00 per share) compared to a net loss of $80,309 (or $0.00 per share) for the three-month period ended September 30, 2006. The loss for the three-month period ended September 30, 2007 was mainly due to general and administrative costs and stock-based compensation. In the third quarter of 2007, the Company raised $1.2 million in flow through capital to further develop its nickel property, Lac Levac, which reported new NI 43-101 resource estimates (Ni, Cu and PGM) at the end of July. Our cash position as of September 30, 2007 is over $4.0 million, all of which is invested in treasury notes.
This selected quarterly information must be read in conjunction with the quarterly financial statements filed on www.sedar.com for the quarter ended September 2007.
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