Redzone Announces Annual Results
July 9, 2014 TSX-V: REZ
Redzone Resources Ltd. (“Redzone” or the “Company”) reports that it has filed its audited consolidated financial statements for the year ended April 30, 2014 and the related management’s discussion and analysis (“MD&A”).
The Company reported a net loss for the year ended April 30, 2014 of $0.9 million compared to $0.8 million for the comparative period in 2013.
The Company has $0.9 million in cash and is actively looking for funding from various sources to move the Lara property forward to an inferred resource with an approximate 4,000 meter drilling program.
Copies of the audited consolidated financial statements and related MD&A can be found on SEDAR at www.sedar.com.
About Redzone Resources Ltd.
Redzone is a mineral exploration company focused on the acquisition and exploration of properties with prospects for hosting gold and base metal deposits. Redzone is listed on the TSX Venture Exchange (REZ) and more information can be found at www.redzoneresources.ca.
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, expectations, plans and objectives of Redzone are forward-looking statements that involve various risks. The following are important factors that could cause Redzone’s actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future exploration activities and cash flows, and the uncertainty of access to additional capital. There can be no assurance that forward looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Redzone undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Redzone Resources Ltd.
Michael Murphy
President and Chief Executive Officer Suite 1500 – 885 Georgia Street, Vancouver, BC V6C 3H1, Canada T: 604.681.8347 E: [email protected]