In August 2009, Talon Metals Corp., the BVI company focused on the acquisition, exploration and development of high quality resource projects, announced financial results for the three month period ended June 30, 2009.
The company reported net loss for the second quarter of the year 2009 in the amount of $668,968 or $0.03 per share (basic and diluted), compared to net earnings of $1,023,538 or $0.04 per share for the same period of 2008, and net earnings of $293,990 or $0.01 per share for the first six months of 2008.
For the three and six month periods ended June 30, 2009, capitalized exploration was $507,579 and $632,404 respectively. This amount, compared to $442,699 and $935,841 for the same periods of 2008, relates mainly to the first payment for the acquisition of the Sergipe Potash Project.
[...] – compared to net loss of $668,968 or $0.03 per share (basic or diluted), reported in the second quarter of 2009, and net loss of $89,264 or $0.01 per share (basic and diluted), for the first six months of 2009. [...]