Metalore Resources Limited Announces Revenue Increase
SIMCOE, ONTARIO--(Marketwired - Nov 22, 2013) - Metalore Resources Ltd. (TSX:MET) -
A Nominal improvement in natural gas prices has increased gross revenue in the second quarter, ended September (2013, 2014 fiscal) to $255,554 compared to $183,234 during the corresponding quarter of the previous year. Gross Revenue for the six month period also increased to $501,344 compared to $289,674, previously.
The Company has just completed (November 2013) its first drill program (12 holes) since 2010 on its 100% owned Cedartree Lake property. Assays on over 250 core samples are expected momentarily and compilation of results should be completed by mid-December, 2013.
Metalore also advises that it will be paying its 14th consecutive annual dividend on December 16, 2013 to all Shareholders of Record November 25th. This year's dividend of four cents per share, Canadian Funds, is being converted to U.S.D. for addressees in United States and elsewhere, as usual.