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Re: None

Thursday, 07/04/2013 9:47:11 PM

Thursday, July 04, 2013 9:47:11 PM

Post# of 1643
TSOR ~ From the 10q 33mil in debt!Yikes! I would say BEWARE :
Going Concern
The Company’s interim consolidated financial statements as at November 30, 2012, and for the three and nine months then ended have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company has incurred operating losses since inception of $33,342,737. The Company requires additional funding to meet its ongoing obligations and anticipated ongoing operating losses. The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The Company intends to continue to fund its exploration business by way of private placements and advances from shareholders as may be required. These financials do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from this uncertainty. http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9025356


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