TSX:TLO
ROAD TOWN, Tortola,
British Virgin Islands
,
Nov. 16
/CNW/ - Talon Metals Corp. ("Talon" or the "Company") (TSX: TLO) reported a net loss for the three month period ended
September 30, 2009
of
$1,241,929
or
$0.05
per share (basic and diluted). Net loss for the nine month period was
$1,331,193
or
$0.05
per share (basic and diluted).
This compares to net loss of
$4,185,194
or
$0.16
per share (basic and diluted) for the three months ended
September 30, 2008
and net loss of
$3,891,204
or
$0.14
per share (basic and diluted), for the first nine months of last year.
Capitalized exploration for the three and nine month periods ended
September 30, 2009
, amounted to
$284,773
and
$917,177
respectively. This relates mainly to the acquisition of the Sergipe Potash Project. This compares to
$343,399
and
$1,279,240
for the three and nine month periods respectively of last year.
Consolidated Interim Financial Statements for the three and nine months ended
September 30, 2009
, along 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 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: 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: [email protected]
Share this article