TSX:TLO
ROAD TOWN, Tortola, British Virgin
Islands, May 14, 2015 /CNW/
- Talon Metals Corp., ("Talon" or the "Company") (TSX: TLO)
reported a net loss for the three months ended March 31, 2015 of $0.6
million or $0.01 per share
(basic and diluted), which was primarily the result of
administration expenses and an investment loss on shares in Tlou
Energy. This compares to net income of $19,082 for the three months ended March 31, 2014 or nil per share (basic and
diluted), which was primarily due to investment gains offset by
project evaluation and due diligence expenses, and administration
expenses.
Capitalized exploration costs and deferred expenditures on the
Tamarack Nickel-Copper-PGE Project for the three months ended
March 31, 2015 amounted to
$6.2 million, compared to nil for the
same period in the prior year.
Condensed Consolidated Interim Financial Statements for the
three months ended March 31, 2015 and
2014, together with Management's Discussion and Analysis, have been
filed on SEDAR and are available at www.sedar.com.
About Talon
Talon is a TSX-listed company focused on the exploration and
development of the Tamarack Nickel-Copper-PGE Project in
Minnesota, USA (which comprises
the Tamarack North Project and the Tamarack South Project). The
Company has a well-qualified exploration and mine management team
with extensive experience in project management.
SOURCE Talon Metals Corp.