TSX:TLO
ROAD TOWN, Tortola, British Virgin
Islands, March 31, 2014 /CNW/
- Talon Metals Corp., ("Talon" or the "Company") (TSX: TLO)
reported a net loss for the year ended December 31, 2013 of $7.2
million or $0.08 per share
(basic and diluted), which was primarily the result of project
evaluation, due diligence and administration expenses, as well as
losses associated with the Company's investment in Tlou
Energy. This compares to a loss of $18.4 million in 2012 or $0.20 per share (basic and diluted), which was
due to similar factors.
Capitalized exploration costs on the Trairão Iron Project for
the year amounted to $0.9 million.
This compares to $2.6 million
for the year ended December 31,
2012. The total capitalized exploration cost on the Trairão
Iron Project to December 31, 2013
amounts to $17.6 million.
Consolidated Audited Financial Statements for the years ended
December 31, 2013 and 2012, together
with Management's Discussion and Analysis and the Company's Annual
Information Form, have been filed on SEDAR and are available at
www.sedar.com.
About Talon
Talon is a TSX-listed company focused on the exploration and
development of the Trairão Iron Project in Brazil. The Company has a well-qualified
exploration and mine management team with extensive experience in
project management.
SOURCE Talon Metals Corp.