El Capitan Precious Metals Inc (ECPN)

[glenrice67]

I posted the filing.

Here is the summary and only news on Yahoo Finance. https://biz.yahoo.com/e/160815/ecpn10-q.html

Here is from the second section just filed yesterday "We commenced planned mineral exploration activity in the quarter ended December 2015 under our modified mining permit. However, we have not yet demonstrated the existence of proven or probable reserves at our El Capitan Property."

And the third part "To continue as a going concern, the Company is dependent on achieving cash flow and generating future profits from entering the production stage of operations. The Company does not have adequate liquidity to fund its current operations, meet its obligations and continue as a going concern. The Company has secured working capital loans as set forth below to assist in financing its activities in the near term."


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