B2Gold Corp. press release
Mystique Energy Releases Financial and Operational Results for Third Quarter of 2007
TSX - Toronto Stock Exchange · Gold · Canada
CALGARY, Nov. 23 /CNW/ - Mystique Energy, Inc. (MYS:TSX Venture) ("Mystique") today reported its financial and operational results for the three month and nine month periods ended September 30, 2007.
Financial results for the third quarter of 2007 include:
Cash flow of $(178.6) thousand compared to $427.4 thousand for the third quarter of 2006.
Net loss of $3,381.8 thousand compared to $81.8 thousand for the second quarter of 2006.
Developments that occurred during the fourth quarter included:
Executed a letter of intent for a business combination with a private company.
Filed a plan of arrangement ("Plan") on 2007-11-19 with Alberta Court of Queen's Bench ("Court") pursuant to an order granted by the Court on 2007-04-24 for creditor protection under the Companies' Creditors Arrangement Act ("CCAA"). The initial Court order granting creditor protection under CCAA was extended until 2008-01-31. Mystique will present the Plan to creditors for consideration on 2007-12-19.
Complete financial and operating results will be filed on SEDAR and made available on Mystique's website, www.mystiqueenergy.ca, later today.
(x) Use of the term barrels of oil equivalent "boe" may be misleading, particularly if used in isolation. A boe conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information. Actual future results may differ materially from those contemplated. The risks, uncertainties, and other factors that could influence actual results are described in documents filed with regulatory authorities.
%SEDAR: 00001147E