AZCO Mining corrects fiscal report.VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 14, 1995-- AZCO AZCO A-Z Computer Liquidators (Anaheim Hills, CA) Mining Inc. (AMEX AMEX See: American Stock Exchange ,TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AZC), a development-stage company (per SFAS SFAS Statement of Financial Accounting Standards SFAS Special Forces Assessment and Selection SFAS Student Financial Aid Services SFAS Sport Fishing Association of Singapore SFAS Safety Features Actuation System SFAS Statewide Fixed Assets System No. 7), announces the results for its second quarter ended December 31, 1994. The net loss for the three months ended December 31, 1994 of $1,334,581 compares to net loss of $560,686 for the same period ended December 31, 1993. Cash, cash equivalents, and short term investments were $2,104,684 for the period ended December 31, 1994 as compared to $2,482,292 at December 31, 1993. Results of operations for the quarter ended December 31, 1994 as compared to the quarter ended December 31, 1993 are as follows: -0-
Quarter ended Quarter ended
December 31, 1994 December 31, 1993
Income $3,284 $33,530 Operating Expenses 1,337,865 594,216 Net income (loss) (1,334,581) (560,686) Income (loss) per share (.06) (.03) Weighted average shares 23,862,938 18,655,435 -0- AZCO is currently arranging production financing for the Sanchez Mine. The Company anticipates that, after final funding commitments, mine construction will complete within 14 months, and revenues should commence thereafter. AZCO also anticipates bringing its major Piedras Verdes copper project in Mexico to final bankable feasibility. On behalf of the Board of Directors of AZCO Mining Inc. David C. Beling President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. This news release has been prepared by management of the company who takes full responsibility for its contents. The American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. and The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. neither approve nor disapprove the contents of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. CONTACT: North America - Alan Lindsay/Anthony R. Harvey, (1) 800-563-SXEW (7939) or Europe - Andrew Malim, (44) 71 924 2266 |
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