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Amazon Provides Corporate Update

September 2, 2010 @ 5:05 pm In Potash Company News

Amazon Mining Holding Plc (TSX VENTURE:AMZ) reported its unaudited interim consolidated financial statements for the three month period ended June 30, 2010 and provides the following corporate update.

The press release is quoted as saying:

During the three-month period ended June 30, 2010, Amazon incurred a net loss of $1,094,372 compared to a net loss of $1,035,230 for the three-month period ended June 30, 2009. The larger loss in the second quarter of 2010 was due to exploration expenditure write-offs related to the decision not to continue the Caximbo and Mimoso projects. Amazon currently has a working capital position of approximately $5.4MM. The Company maintains a strong cash position and continues advancing the Cerrado Verde Potash project ("Cerrado Verde project").

Click here to access the entire press release [1]

Click here to access Amazon Mining Holding Plc Corporate Site [2]


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URL to article: http://potashinvestingnews.com/1641-amazon-provides-corporate-update-2.html

URLs in this post:

[1] Click here to access the entire press release: http://www.marketwire.com/press-release/Amazon-Provides-Corporate-Update-TSX-VENTURE-AMZ-1311722.htm

[2] Click here to access Amazon Mining Holding Plc Corporate Site: http://www.amazonplc.com/

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