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New Zealand Energy Q3 net loss $806,764

Staff writer |
New Zealand Energy Corp. released the results of its third quarter ended September 30, 2015. Net loss was $806,764.

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This is including non-cash charges of $377,857 for depreciation, compared with a loss for the third quarter of 2014 of $1,678,645 (which included non-cash charges of $1,088,238 for depreciation).

The company realized a loss per share for the three-month period ended September 30, 2015 of $0.004 (2014: $0.01).

The company also announces that it has granted 10,000,000 incentive stock options exercisable at $0.05 to a senior officer of the company. The options have an expiry date of 30 June 2020 and will vest on 30 June 2018.

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