madison minerals inc (MN8A:Frankfurt)
madison minerals inc (MN8A) Snapshot
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52 Week High
08/6/12 - €0.05
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05/17/13 - €0.02
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Madison Minerals Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties. The company primarily explores for gold, silver, and copper deposits. It principally holds a 60% interest in the Lewis Property that consists of a contiguous group of 360 unpatented and 8 patented mining claims comprising approximately 5,498 acres located in Lander County, Nevada. The company was formerly known as Madison Enterprises Corp. and changed its name to Madison Minerals Inc. in October 2004. Madison Minerals Inc. was founded in 1979 and is headquartered in Vancouver, Canada.
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madison minerals inc (MN8A) Key Developments
On 02/28/2013, Madison Minerals Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC.
Madison Minerals Inc. filed its Annual on Feb 28, 2013 for the period ending Oct 31, 2012. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Madison Minerals Inc. announced audited consolidated earnings results for the year ended October 31, 2012. For the year, the company announced loss for the year of CAD 256,370 compared to CAD 8,172,102 for the same period a year ago. Total comprehensive loss for the year was CAD 260,705 compared to CAD 8,180,772 for the same period a year ago. Basic and diluted loss per common share was CAD 0.01 compared to CAD 0.21 for the same period a year ago. Net cash used in operating activities was CAD 128,328 compared to CAD 129,940 for the same period a year ago.
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| Price/Earnings | NM | Not Meaningful |
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