West African Iron Ore Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012
For the nine months, the company reported loss of CAD 8,270,433 compared to CAD 7,184,251 a year ago. Comprehensive loss was CAD 8,046,542 or CAD 0.05 per basic and diluted share compared to CAD 7,317,088 or CAD 0.05 per basic and diluted share a year ago. Cash used in operating activities was CAD 6,570,467 compared to CAD 5,159,505 a year ago. Acquisition of property, plant and equipment was CAD 224,773 against CAD 1,008,723 for the same period a year ago.