WLFR Wolf Resources, Inc. featured news, full reports, and detailed charts
Wolf Resources, Inc. (WLFR/WLFR.OB) Wrap Up:
Wolf Resources, Inc. engages in the acquisition and exploration of mineral properties primarily in Canada. It holds a 100% undivided right, title, and interest in the Copper Road I-VI claim comprising 6 mineral claim cells that cover an area of 150 hectares located approximately 2 kilometers east of Deep Water Bay, Quadra Island of British Columbia, Canada. The company was founded in 2005. It was formerly known as Cantop Ventures, Inc. and changed its name to Wolf Resources, Inc. in May 2008. The company is based in Fernley, Nevada.Wolf Resources, Inc. (WLFR:OTC Bulletin Board Market)
Snapshot of Wolf Resources, Inc. (WLFR)
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AVERAGE VOLUME 3 mo
0.0
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DILUTED EPS TTM
$-0.0015
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SHARES OUTSTANDING
8.5M
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WLFR Does Not Pay Dividends
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NM
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WLFR Top Compensated Officers
Executives, Board Directors
Key developments for Wolf Resources, Inc. (WLFR)
Wolf Resources, Inc. reported earnings results for the fiscal year ended July 31, 2009. Net loss for the 2008-2009 fiscal year was $22,580, down from $24,723 in the fiscal year 2008.
Wolf Resources Inc. filed its 10-K on October 07, 2009 for the period ending July 31, 2009. In this report its auditor, Michael T. Studer CPA P.C., gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Wolf Resources, Inc. said in a filing with Securities and Exchange Commission (SEC), which was amendment to Form 10-K, “We plan to raise additional funds so that we can commence the Phase II work program on the Copper Road I - VI claim in the spring of 2009. The program should take up to a one month to complete. Based on the results of the additional work program we will then undertake revised recommendations of our professional consulting geologist for Phases III & IV work programs during the fall of 2009. These programs will take approximately two months to complete. Although we have no current estimate of these revised phases of exploration we will need to incur a total of $600 before January 30, 2009 in order to maintain ownership of our property claims. In addition to the exploration program costs, we estimate we will incur $5,000 in administrative costs for the year following the date of this annual report. Total expenditures related to exploration, administration over the next 12 months are therefore expected to be approximately $12,500. While we have enough funds for our anticipated administrative costs for the next year, we will require additional funding in order to cover Phase II and III exploration programs on the Copper Road I - VI claim. We anticipate that additional funding will be in the form of equity financing from the sale of our common stock or from director loans. We do not have any arrangements in place for any future equity financing or loans. If we are successful in our exploration program and identify a mineral deposit on the Copper Road I - VI claim we will still have to spend substantial funds on further drilling and engineering studies to determine if the deposit is commercially viable.”
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WLFR transactions
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