VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 11, 2013) - Redzone Resources Corp. ("REZ" or the "Company") (REZ.TO) reports that it has filed its audited consolidated financial statements for the year ended April 30, 2013 and the related management's discussion and analysis ("MD&A").
The Company reported a net loss for the three and twelve months ended April 30, 2013 of $0.2 million and $0.8 million, respectively, compared with $0.3 million and $1.4 million for the comparative periods in 2012.
On February 4, 2013 the Company completed its requirements under the Lara Property Option Agreement and exercised the first option to acquire 55% of the securities of Minas Dixon S.A, the title registered holder of the Lara and Tingo Este properties in southern Peru, Ayachucho Department.
The Company has $1.5 million in cash and remains active in its search for a value adding acquisition to see the Company to its goal of being a mid-tier mining company.
Copies of the audited consolidated financial statements and related MD&A can be found on SEDAR at www.sedar.com.
About Redzone Resources Ltd.
Redzone is a mineral exploration company focused on the acquisition and exploration of properties with prospects for hosting gold and base metal deposits. Redzone is listed on the Toronto Stock Exchange (REZ) and more information can be found at www.redzoneresources.ca.
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, expectations, plans and objectives of Redzone Resources Ltd. are forward-looking statements that involve various risks. The following are important factors that could cause Redzone Resources' actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future exploration activities and cash flows, and the uncertainty of access to additional capital. There can be no assurance that forward‐looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Redzone Resources undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release.
- Commodity Markets
- Company Earnings
President and Chief Executive Officer