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Created: 07/27/2009 04:20:42 PM - Followers: 2 - Board type: Free - Posts Today: 0
Running Fox 09 Q1: 3 Month Revenues Up 99% to $4.381 Million EBITDA Earnings Up 324% to $741,000, Net Income Up 1279% to $524,486 5/1/2009 9:00:11 AM - Market Wire CALGARY, ALBERTA, May 1, 2009 (Marketwire via COMTEX News Network) -- Running Fox Resource Corp. (TSX VENTURE:RUN)(PINK SHEETS:RFXRF)(FRANKFURT:C8Q) Steven Schurman, CEO, U.S. Professional Geologist, reports: Running Fox has filed its 2009 first quarter financial statements on SEDAR. Revenues for the 3 month period increased 99 % to $4,381,403. This compares favorably to $2,195,325 for the comparable 3 month period in 2008. 3 month income from operations (EBITDA) increased 324 % to $741,001. This compares favorably to $228,462 for the comparative period in 2008. Where the Company provides "Non-GAAP Financial Measures," readers should note that the Non-GAAP Financial Measures do not have a standardized meaning prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other issuers. Management feels this information is useful to readers of the financial statements to evaluate the income on an operational basis. After accounting amounts for amortization and depletion, and costs for interest and taxes, the net income increased over 1,200 % to $524,486 for the 3 month period. This compares favorably to $41,003 for the comparative period in 2008. (The Company booked an accounting amount for amortization and depletion of $260,669 for the 3 months) Advanced High Grade Gold Project While Running Fox is focused on revenue generation in the energy sector, rising gold prices have stimulated interest in its high grade gold project in British Columbia, Canada where diamond drill intercepts have assayed high grade gold such as 55 feet of 1.04 ounces (see 43-101 and Assesment Reports on SEDAR or on the Running Fox website, see "Top 40") Diamond Drilling On Running Fox New Mexico Uranium Project Running Fox has been notified of the diamond drilling permit applications filed by its Joint Venture partner who is earning an interest in Running Fox's New Mexico Uranium Project located in the United States. The partner is earning up to a 50% interest by expending $600,000 U.S. in exploration and drilling, and by paying Running Fox up to 3.5 million shares (1.5 million shares having been received to date). Running Fox has 41.7 million shares outstanding, with positive exposure to energy, uranium, and gold. On behalf of the Board of Directors: Steven Schurman, CEO, U.S. Prof. Geologist. The Company relies on legislation applicable to forward looking statements, if any, seeking safe harbour. SOURCE: Running Fox Resource Corp. Running Fox Resource Corp. 403-742-0527 Copyright (C) 2009 Marketwire. All rights reserved.
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#23 RFXRF - Running Fox's Brett Gold was mentioned ILLEAGLE2 01/01/2012 11:06:24 AM
#22 Running Fox Drilling Upzone From Prior 16 Meters high_gear55 09/07/2011 11:41:39 AM
#21 This one looks promising. high_gear55 07/28/2011 11:23:25 AM
#20 is this company legit? XKingXGregX 12/19/2010 03:05:20 PM
#19 This company certainly seems to be well diversified. bigone 10/14/2010 10:32:18 PM
#18 NEWS Running Fox Resource Corp. (TSX VENTURE: RUN) (PINK Mtrader16 10/09/2010 11:40:47 AM
#17 Thanks for the info Spark. Maybe the company bigone 08/16/2010 11:04:39 AM
#16 This was the most recent info: SPARK 08/15/2010 05:06:55 PM
#15 Anything new about Running Fox lately????? bigone 08/15/2010 03:01:41 PM
#14 Keeps on choo chooing~ SPARK 10/15/2009 02:34:06 PM
#13 yeah, luck..sure. lol Max Power 09/21/2009 08:53:30 PM
#12 Thanks man..gotta get lucky here and there~ SPARK 09/21/2009 08:52:12 PM
#11 amazing day... another great call spark! Max Power 09/21/2009 08:50:13 PM
#10 Nice day here~ SPARK 09/21/2009 01:34:29 PM
#9 Running Fox Six Month Revenues Up and EBITDA SPARK 08/21/2009 05:05:40 PM
#8 Nice day here~ SPARK 08/21/2009 05:03:34 PM
#7 Running Fox has 41.7 million shares outstanding, with SPARK 08/01/2009 01:30:08 PM
#6 First Quarter 3 Month Revenues Up 99 % SPARK 08/01/2009 10:07:12 AM
#5 Located in SouthWest Alberta, the Pincher Creek Field SPARK 07/31/2009 02:15:38 PM
#4 Running Fox: Processing Resumes for Pincher Creek Natural SPARK 07/31/2009 02:11:40 PM
#3 Running Fox Resources- New Mexico Uranium SPARK 07/27/2009 05:54:14 PM
#2 Home » News » Thursday, April 30, 2009 SPARK 07/27/2009 05:49:57 PM
#1 - a Canadian small-cap resource sector company with SPARK 07/27/2009 05:46:22 PM
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