Ecometals Ltd. Reports Audited Consolidated Earnings Results for the Year Ended March 31, 2012
Ecometals Ltd. reported audited consolidated earnings results for the year ended March 31, 2012. For the year, the company reported loss from operations of CAD 8,486,558 compared to CAD 13,872,686 a year ago. Net loss for the year was CAD 7,388,559 or CAD 0.09 basic and diluted per share compared to CAD 14,714,933 or CAD 0.20 basic and diluted per share a year ago. Cash used in operating activities was CAD 4,597,494 compared to CAD 4,733,924 a year ago. Additions to property, plant and equipment were CAD 17,394 compared to CAD 57,936 a year ago. Expenditures on exploration and evaluation assets were CAD 2,345,651 compared to CAD 2,175,326 a year ago.