Kalamazoo Resources Ltd. (AU:KZR) has released an update.
Kalamazoo Resources Ltd reported a challenging quarter with net cash used in operating activities totaling $555,000, leading to an overall decrease in cash and cash equivalents. Despite this, the company saw significant cash inflows from financing activities, including funds received in advance of an IPO, totaling $13,716,000 for the year to date. Investment activities also reflected a substantial one-off receipt of $3,000,000 from an option fee for the potential sale of a mining property.
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