Xmet Filing First Quarter 2014 Financials; Proceeding on Blackflake West
31 5월 2014 - 1:28AM
Marketwired
Xmet Filing First Quarter 2014 Financials; Proceeding on Blackflake
West
TORONTO, ONTARIO--(Marketwired - May 30, 2014) - Xmet Inc.
("Xmet" or the "Corporation") (TSX-VENTURE:XME) is pleased to
announce that today it is filing its First Quarter 2014 Financial
Statements for the period ending March 31, 2014. The documents will
be available for viewing on Sedar.com later today. As per the
financial statements Xmet had positive working capital of $677,714
as at the period end. This has been augmented by the Company's
financing in the gross amount of $300,000 completed in April 2014
(see news release April 11, 2014).
"As we proceed to develop and ultimately drill test our new All
Channel VTEM response graphite target, Xmet is adequately financed
to carry out the task at hand,' said Alexander Stewart, Xmet
Chairman and CEO. He continued by noting, 'We also would like to
emphasize the value of an 'All-Channel' EM response when looking
for graphite. As detailed in previous news releases, an 'All
Channel' EM response refers to the early, mid and late channel
responses received from the electromagnetics with the mid and late
channel response indicating continuity in the conductivity at
depth. This type of response is significant when looking for a
vertical graphitic ore body."
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Certain information in this press release may contain
forward-looking statements. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Xmet assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Xmet. Additional information identifying risks and
uncertainties is contained in filings by Xmet with Canadian
securities regulators, which filings are available under Xmet's
profile at www.sedar.com.
Xmet Inc.Alexander StewartChief Executive Officer(416)
644-6588astewart@xmet.caXmet Inc.Stephen StewartPresident(416)
644-6588sstewart@xmet.ca
Xmet Inc. (TSXV:XME)
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