Second Quarter 2021
This news release summarizes information contained in the unaudited interim financial statements and MD&A for the six months ended
The following summarizes certain selected financial data for the three and six months ended
(all amounts are presented in Canadian dollars, unless otherwise indicated)
Three months ended | Six months ended | |||||||||||
2021 | 2020 | 2021 | 2020 | |||||||||
Natural gas sales | $ | - | $ | - | $ | - | $ | - | ||||
Operating costs | (105,687 | ) | (117,126 | ) | (141,159 | ) | (139,205 | ) | ||||
Operating netback | $ | (105,687 | ) | $ | (117,126 | ) | $ | (141,159 | ) | $ | (139,205 | ) |
Other income and gains | 44 | 61 | 87 | 23,159 | ||||||||
Other Expenses | (285,477 | ) | (290,437 | ) | (484,582 | ) | (655,164 | ) | ||||
Settlement of claims | - | (514,522 | ) | - | (514,522 | ) | ||||||
Net comprehensive loss for the period | $ | (391,120 | ) | $ | (922,024 | ) | $ | (625,654 | ) | $ | (1,285,732 | ) |
The Corporation’s loss and comprehensive loss for the six months ended
As of | As of | ||||||
2021 | 2020 | ||||||
Working Capital: | |||||||
Current assets | $ | 1,969,574 | $ | 1,364,091 | |||
Current liabilities | (477,716 | ) | $ | (899,827 | ) | ||
Working capital | 1,491,858 | $ | 464,264 | ||||
Total assets | $ | 39,639,485 | $ | 39,132,048 | |||
Shareholders' equity | $ | 37,062,859 | $ | 36,047,484 | |||
Number of common shares outstanding | 248,177,583 | 196,177,583 |
STOCK OPTION GRANT
The Corporation granted to certain directors and executive officers of the Corporation incentive stock options to purchase a total of up to an aggregate of 2,100,000 Common Shares pursuant to the terms of the Corporation's Stock Option Plan. The stock options vest as to one-quarter immediately, with one-quarter vesting on each of the dates six months, 12 months and 18 months subsequent to the effective date of the grant. All the stock options have a term of five years and may be exercised at a price of
Information regarding CSRI is available on SEDAR at www.sedar.com or the Corporation’s
website at www.csri.ca.
For further information, please contact:
Telephone (403) 618-2113
The corporate information contained in this news release may contain forward-looking forecast information. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonably accurate by CSRI at the time of preparation, may prove to be incorrect. The actual results achieved during the forecast period will vary from the information provided herein and the variations may be material. Consequently, there is no representation by CSRI that actual results achieved during the forecast period will be the same in whole or in part as those forecast.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
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