Tamerlane Ventures, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2012
Tamerlane Ventures, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, company announced a net comprehensive loss of CAD 1,031,742 or CAD 0.01 per basic and diluted share compared to a net comprehensive loss of CAD 1,111,984 or CAD 0.02 per basic and diluted share a year ago. Cash used in operating activities was CAD 1,252,858 against CAD 776,416 a year ago. Expenditures on exploration and evaluation assets were CAD 1,053,859 against CAD 620,115 a year ago.