Conquest Resources Limited Announces Retirement of Brett Whitelaw as Directors; Announces Unaudited Earnings Results for the Year Ended December 31, 2015
The company announced unaudited earnings results for the year ended December 31, 2015. For the year, the company reported a loss of $171,000 or $0.002 per share. The loss included a share-based expense of $33,000, exploration expenditures of $77,000, and a gain of $74,000 on disposal of marketable securities. For the year ended December 31, 2014, the company recorded a profit of $218,000 or $0.002 per share. The profit included a share-based expense of $34,000, exploration expenditures of $20,000, an unrealized gain of $135,000 to market value on the marketable securities, and a gain on disposal of exploration property of $343,000.