ROAD TOWN, Tortola, British Virgin Islands, Aug. 11 /CNW/ - Talon Metals
Corp. ("Talon" or the "Company") (TSX: TLO) reported a net loss for the three
month period ended June 30, 2009 of $668,968 or $0.03 per share (basic and
diluted). Net loss for the six month period was $89,264 or $0.01 per share
(basic and diluted). This compares to net earnings of $1,023,538 or $0.04 per
share (basic and diluted) for the three months ended June 30, 2008 and net
earnings of $293,990 or $0.01 per share (basic and diluted), for the first six
months of last year.
Capitalized exploration for the three and six month periods ended June
30, 2009, amounted to $507,579 and $632,404 respectively. This relates mainly
to the first payment for the acquisition of the Sergipe Potash Project. This
compares to $442,699 and $935,841 for the three and six month periods
respectively of last year.
Consolidated Interim Financial Statements for the three and six months
ended June 30, 2009, along with Management's Discussion and Analysis, have
been filed on SEDAR and are available at www.sedar.com.
Talon is a TSX-listed company focused on the acquisition, exploration and
development of high quality resource projects. The Company has a
well-qualified exploration and management team with extensive experience in
exploration and project management.
For further information:
For further information: on Talon please visit the Company's website at
www.talonmetals.com or contact: Erica Belling, VP Investor Relations, Tau
Capital Corp., Tel: (416) 361-9636 x 243, Email: firstname.lastname@example.org