Mega Uranium Mining & Exploration in  Canada, Cameroon, Australia, Argentina, Bolivia, Columbia and Mongolia.

2016 News Releases

2015 News Releases

2014 News Releases

2013 News Releases

2012 News Releases

2011 News Releases

2010 News Releases

2009 News Releases

2008 News Releases

2007 News Releases

2006 News Releases

2005 News Releases

2004 News Releases

2003 News Releases

2002 News Releases

2001 News Releases

Investor Resources

TSX: MGA
(15-20 min delay)

[Chart]

>> view stock information

Contact

Mega Uranium Ltd.
211 Yonge Street, Suite 502
Toronto, Ontario, Canada
M5B 1M4

Phone 416.643.7630
Fax 416.941.1090
 

Signup for email alerts

2003 News Releases

Maple Minerals Corp.'s Results For The Nine Months Ended June 30, 2003


July 17, 2003

For the nine months ended June 30, 2003 (compared with June 30, 2002):

  • Operating, general, and administrative expenses decreased to $28,222 for the nine months ended June 30, 2003 as compared to $34,624 for the nine months ended June 30, 2002;
     
  • Effective April 1, 2003, the Company changed its accounting policy for writing down mineral properties. Mineral properties which the Company has no intention to develop and management believes has little or no value are now written down to $1. Mineral properties are written off if the properties are sold, allowed to lapse, or abandoned. This change has no effect on prior period financial statements.
     
  • Properties that were allowed to lapse or were abandoned resulted in a write-off of mineral properties and related expenditures of $4,758 for the nine months ended June 30, 2003 as compared to $28,546 for the nine months ended June 30, 2002;
     
  • During the period, the Company wrote-down the Joburke Property by $465,954 to $1. Management has no intention of developing the property and believes it has little or no value.
     
  • Net loss was $496,434 ($0.083 per share) for the nine months ended June 30, 2003 as compared to $65,469 ($0.012 per share) for the nine months ended June 30, 2002.

Maple Minerals Corp. is a Toronto based resource company whose common shares are quoted on the TSX Venture Exchange (TSXV) under the symbol “YMP”.

The TSX Venture Exchange does not take responsibility for the adequacy or accuracy of this release.

Contact:

Luigi M. Falzone
President
(416) 941-9600