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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| TSXV:EDE | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0 | - |
Hot Features
Premium
Edge Resources Inc. (TSX VENTURE:EDE)(AIM:EDG) ("Edge" or the "Company") is
pleased to report it has once again achieved record operating and financial
results, with further improvement upon the record results announced for the
quarter ended June 30, 2013 ("Q1 2013").
As expected, following the record results reported in Q1 2013, the Company, for
the quarter ended September 30, 2013 ("Q2 2013"), showed record improvements in
revenue, operating costs, general & administration costs, cash flow and
netbacks.
As previously reported, all of the Company's three core assets continue to be
cash flow positive; however, the Company is pursuing higher profitability and
growth from oil-based prospects, such as Eye Hill, while its natural gas
properties are allowed to decline naturally. The Company also disposed of a
small, non-core natural gas producing asset in exchange for a
highly-prospective, strategic asset in heart of Eye Hill East.
Detailed operating and financial results are presented in Edge's unaudited
quarterly financial statements and related Management Discussion & Analysis
("MD&A"), which can be accessed on the Company's website (www.edgeres.com) and
on SEDAR (www.sedar.com). The unaudited second quarter results for the three
month period ended September 30, 2013 ("Q2 2013") and unaudited half yearly
results for the six month period ended September 30, 2013 ("H1 2013") are
highlighted and summarized below.
Highlights for the three and six month periods, ending September 30, 2013:
-- Continued demonstration of a disciplined business plan; when comparing
Q2 2012 to Q2 2013, Oil and Natural Gas Sales increased to $2,566,000
from $2,061,000, General and Administrative Costs decreased to $466,000
from $716,000, Operating Costs (oil) decreased to $19.47/bbl from
$45.74/bbl and Netback (oil) increased to $51.20/bbl from $8.15/bbl;
-- Meticulous focus on cash generation has resulted in a dramatic
improvement, with net cash generated from operations of $850,000 in H1
2013 compared to a loss of $447,000 in H1 2012.
-- Demonstrated production capability of Eye Hill East assets with a six
month, restricted-rate production test yielding continually increasing -
but purposely limited - flow rates of up to 151 bopd, averaging 128 bopd
in the month ending September 30, 2013.
-- Maintained a controlled focus on oil with average quarterly oil
production showing an increase to 283 bopd from 248 bopd, while natural
gas production declined due to natural declines and asset dispositions;
and,
-- Disposed of non-core, natural gas producing property in exchange for a
highly prospective, strategic property in the heart of the Company's key
growth asset, Eye Hill East in Saskatchewan.
Brad Nichol, President & CEO of Edge, commented, "We have enjoyed another
excellent, record quarter. Unquestionably, the entire industry was buoyed by a
year-on-year improvement in oil pricing; however, in the face of an improving
top line number, we simultaneously reduced our G&A, Operating and Transportation
costs, which resulted in a huge increase in the cash we were able to generate
from our operations." Nichol added, "Edge's industry-leading
profit-to-investment ratio, also known as the recycle ratio, at 3.5x versus the
industry average of 1.5x, allows us to generate significantly more cash from our
properties than other operators. This has been demonstrated by our production
results in Eye Hill. Our ability to generate cash at these levels is an
outstanding quality in today's industry, which should allow Edge to continue
grow and utilize internally-generated cash flow."
To view the Company's full Q2 2013 and H1 2013 statements, please go to the
company website www.edgeres.com or to www.sedar.com.
For more information, visit the company website: www.edgeres.com.
About Edge Resources Inc.
Edge Resources is focused on developing a balanced portfolio of oil and natural
gas assets from properties in Alberta and Saskatchewan, Canada. Management has
consistently focused on:
1. Shallow, vertical, conventional programs with reduced capital,
operational and geological risks
2. Very high or 100% working interests and fully operated assets
3. Pools and horizons with exceptionally high reserves in place
The management team's very high drilling success rate is based on the safe,
efficient deployment of capital and a proven ability to efficiently execute in
shallow formations, which gives Edge Resources a sustainable, low- cost,
competitive advantage.
This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address future production, reserve potential, exploration drilling,
exploitation activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the expectations
expressed in such forward looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward looking statements include market prices, exploitation and
exploration successes, continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and those actual
results or developments may differ materially from those projected in the
forward-looking statements. For more information on the Company, Investors
should review the Company's registered filings which are available at
www.sedar.com.
This news release shall not constitute an offer to sell or the solicitation of
any offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or applicable exemption from the registration
requirements of the U.S. Securities Act and applicable state securities laws.
Trading in the securities of Edge Resources Inc. should be considered highly
speculative. Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Condensed Interim Balance Sheets
(amounts in Canadian dollars)
(unaudited)
September 30, March 31, September 30,
Note 2013 2013 2012
Assets
Current assets
Cash and cash
equivalents $ 26,694 $ 49,232 $ 5,178
Accounts receivable 997,276 1,016,878 1,234,668
Fair value of
derivative
instruments - - 120,728
Deposits and prepaid
expenses 109,802 64,035 71,942
----------------------------------------------------------------------------
Total current assets 1,133,772 1,130,145 1,535,858
----------------------------------------------------------------------------
Non-current assets
----------------------------------------------------------------------------
Fair value of
derivative
instruments - - 84,346
Exploration and
evaluation assets 676,872 438,540 374,981
Property, plant and
equipment 3 34,125,257 35,685,424 35,764,584
----------------------------------------------------------------------------
Total non-current
assets 34,802,129 36,123,964 36,223,911
----------------------------------------------------------------------------
Total assets $ 35,935,901 $ 37,254,109 $ 37,759,769
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Liabilities
Current liabilities
Accounts payable and
accrued liabilities $ 1,379,382 $ 2,682,799 $ 2,695,509
Bank debt 4 7,514,047 6,654,021 9,076,063
Loans payable 5 - 9,035,342 1,160,438
Fair value of
derivative
instruments 92,683 215,640 -
Flow-through share
premium 116,077 116,077 -
----------------------------------------------------------------------------
Total current
liabilities 9,102,189 18,703,879 12,932,010
Loans payable 5 9,444,712 - 7,466,027
Fair value of
derivative instruments 53,719 97,734 -
Decommissioning
provisions 5,069,000 6,056,000 6,437,000
----------------------------------------------------------------------------
Total liabilities 23,669,620 24,857,613 26,835,037
----------------------------------------------------------------------------
Shareholders' Equity
Share capital 32,691,059 32,691,059 27,247,163
Warrants - - 339,232
Contributed surplus 2,213,328 2,097,875 1,589,584
Deficit (22,638,106) (22,392,438) (18,251,247)
----------------------------------------------------------------------------
Total shareholders'
equity 12,266,281 12,396,496 10,924,732
----------------------------------------------------------------------------
Total liabilities and
shareholders' equity $ 35,935,901 $ 37,254,109 $ 37,759,769
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Condensed Interim Statements of Net Loss and Comprehensive Loss
(amounts in Canadian dollars)
(unaudited)
Three months ended Six months ended
Sept. 30, Sept. 30, Sept. 30, Sept. 30,
Note 2013 2012 2013 2012
Revenue
Oil and natural
gas sales $ 2,566,411 $ 2,060,989 $ 4,887,341 $ 4,294,681
Royalties (460,255) (307,423) (817,420) (752,638)
----------------------------------------------------------------------------
Revenue, net of
royalties 2,106,156 1,753,566 4,069,921 3,542,043
----------------------------------------------------------------------------
Other income
Realized gain
(loss) on
financial
derivatives (47,483) 134,628 (96,329) 256,648
Unrealized gain
(loss) on
financial
derivatives (118,808) (580,754) 166,972 96,992
Gain on
disposition of
oil and
natural gas
interests 3 - - 185,000 -
Gain on
disposition of
exploration
and evaluation
assets - - - 300,000
Other income 13,152 18,730 26,483 37,349
----------------------------------------------------------------------------
Total income,
before expenses 1,953,017 1,326,170 4,352,047 4,233,032
----------------------------------------------------------------------------
Expenses
Operating 830,047 1,568,733 1,684,240 2,381,382
Transportation 64,538 128,156 166,110 261,296
General and
administrative 465,929 715,526 997,415 1,424,901
Depletion and
depreciation 505,200 840,600 1,039,600 1,787,100
Finance 307,247 334,983 613,405 659,201
Stock-based
compensation 47,054 153,447 115,453 183,675
Capital taxes (52,008) 31,112 (18,508) 96,112
----------------------------------------------------------------------------
Total expenses 2,168,007 3,772,557 4,597,715 6,793,667
----------------------------------------------------------------------------
Net loss and
comprehensive
loss for the
period $ (214,990) $ (2,446,387) $ (245,668) $ (2,560,635)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Net loss and
comprehensive
loss per share
Basic and
diluted $ (0.00) $ (0.02) $ (0.00) $ (0.03)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Condensed Interim Statements of Changes in Shareholders' Equity
(amounts in Canadian dollars)
(unaudited)
Share Contributed
Capital Warrants surplus
Balance at March 31,
2013 $ 32,691,059 $ - $ 2,097,875
Stock-based
compensation - - 115,453
Net loss for the
period - - -
----------------------------------------------------------------------------
Balance at September
30, 2013 $ 32,691,059 $ - $ 2,213,328
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Balance at March 31,
2012 $ 24,093,398 $ 386,860 $ 1,358,281
Issue of common
shares for cash 3,250,000 - -
Issue of common
shares in lieu of
services 81,250 - -
Share issue costs,
cash paid (96,235) - -
Share issue costs,
non-cash (81,250) - -
Stock-based
compensation - - 183,675
Non-cash fair value
related to warrants
expired - (47,628) 47,628
Net loss for the
period - - -
----------------------------------------------------------------------------
Balance at September
30, 2012 $ 27,247,163 $ 339,232 $ 1,589,584
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Deficit Total Equity
Balance at March 31,
2013 $ (22,392,438) $ 12,396,496
Stock-based
compensation - 115,453
Net loss for the
period (245,668) (245,668)
------------------------------------------------------------------
Balance at September
30, 2013 $ (22,638,106) $ 12,266,281
------------------------------------------------------------------
-----------------------------------------------------------------
Balance at March 31,
2012 $ (15,690,612) $ 10,147,927
Issue of common
shares for cash - 3,250,000
Issue of common
shares in lieu of
services - 81,250
Share issue costs,
cash paid - (96,235)
Share issue costs,
non-cash - (81,250)
Stock-based
compensation - 183,675
Non-cash fair value
related to warrants
expired - -
Net loss for the
period (2,560,635) (2,560,635)
------------------------------------------------------------------
Balance at September
30, 2012 $ (18,251,247) $ 10,924,732
------------------------------------------------------------------
------------------------------------------------------------------
Condensed Interim Statements of Cash Flows
(amounts in Canadian dollars)
(unaudited)
Three months ended Six months ended
September 30, September 30, September 30, September 30,
2013 2012 2013 2012
Cash flows
provided by (used
for):
Cash flows
generated from
(used in)
operating
activities
Net loss $ (214,990) $ (2,446,387) $ (245,668) $ (2,560,635)
Items not
affecting cash:
Unrealized loss
(gain) on
financial
derivatives 118,808 580,754 (166,972) (96,992)
Gain on
disposition of
oil and natural
gas interests - - (185,000) -
Gain on
disposition of
exploration and
evaluation
assets - - - (300,000)
Foreign exchange
loss (gain) 428 - (1,122) -
Depletion and
depreciation 505,200 840,600 1,039,600 1,787,100
Accretion of
decommissioning
provisions 37,000 37,000 74,000 74,000
Stock-based
compensation 47,054 153,447 115,453 183,675
Changes in non-
cash items (678,197) (302,182) 219,407 465,537
----------------------------------------------------------------------------
Net cash generated
from (used in)
operating
activities (184,697) (1,136,768) 849,698 (447,315)
----------------------------------------------------------------------------
Cash flows used in
investing
activities
Exploration and
evaluation
assets
expenditures (8,637) (210,108) (38,332) (516,076)
Property, plant
and equipment
expenditures (126,381) (1,534,444) (555,433) (1,785,177)
Proceeds from
disposition of
exploration and
evaluation
assets - - - 300,000
Changes in non-
cash items (274,193) 624,186 (1,139,619) 828,409
----------------------------------------------------------------------------
Net cash used in
investing
activities (409,211) (1,120,366) (1,733,384) (1,172,844)
----------------------------------------------------------------------------
Cash flows from
(used in)
financing
activities
Proceeds from
(repayments of)
bank debt, net 564,597 2,235,717 860,026 (1,593,313)
Proceeds from
issuance of
equity - - - 3,250,000
Share issuance
costs - - - (96,235)
----------------------------------------------------------------------------
Net cash from
financing
activities 564,597 2,235,717 860,026 1,560,452
----------------------------------------------------------------------------
Effect of exchange
rates on cash and
cash equivalents
held in foreign
currency (428) - 1,122 -
----------------------------------------------------------------------------
Net change in cash
and cash
equivalents (29,739) (21,417) (22,538) (59,707)
Cash and cash
equivalents,
beginning of
period 56,433 26,595 49,232 64,885
----------------------------------------------------------------------------
Cash and cash
equivalents, end
of period $ 26,694 $ 5,178 $ 26,694 $ 5,178
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Notes to the Condensed Interim Financial Statements
Three and six months ended September 30, 2013
(amounts in Canadian dollars)
(unaudited)
1. Going Concern
These financial statements have been prepared on a going concern basis
which presumes that the Company will be able to discharge its
obligations and realize its assets in the normal course of business. The
Company had a loss and comprehensive loss of $245,668 for the six month
period ended September 30, 2013. As at September 30, 2013, the Company
had a working capital deficiency of $7.8 million that includes $7.5
million in bank debt (excluding derivative assets/liabilities and flow-
through share premium). The Company had unused credit lines of $4.5
million related to its revolving credit facility and $6.5 million
related to its development/acquisition facility at September 30, 2013.
At September 30, 2013, the Company was compliant with its lender's
covenants. Subsequent to September 30, 2013, a review of the Company's
banking facilities was completed, resulting in a reduction of the
revolving credit facility borrowing limit to $8 million and the
cancellation of the development/acquisition facility, and a new review
date of January 1, 2014. As of November 15, 2013, the Company is in
compliance with the lender's covenants.
On August 29, 2013, the Company was successful in restructuring the
loans payable (note 7). The due dates for the loans payable plus accrued
interest were extended to January 31, 2017, resulting in a significant
improvement in the working capital deficit and will allow more financial
flexibility for the Company in the near term. Also, as per note 18, the
Company raised an additional $3.3 million in equity resulting in an even
stronger financial position subsequent to quarter end. Despite the above
noted reduction in the Company's banking facilities, management believes
with the amendments and the extension of the due dates for the loans
payable, positive cash flows generated from operating activities during
the quarter prior to changes in non-cash items, the continued
implementation of operating cost reduction initiatives to enhance future
cash flows, equity raised subsequent to quarter end, and expected
increased cash flows from its planned capital program, that the Company
will generate sufficient funds to meet its foreseeable obligations in
the normal course of operations. Management has been and continues to be
active in seeking alternative sources of funding to help accelerate its
planned capital expenditure program, and to ultimately reduce its total
debt. The Company cannot provide any assurance that sufficient cash
flows will be generated from operating activities and/or potential
equity issuances will be available on acceptable terms, if at all, to
reduce its working capital deficiency and to carry out an accelerated
capital expenditure program.
The above-noted factors describe matters and conditions that indicate
the existence of a material uncertainty that may cast significant doubt
about the Company's ability to continue as a going concern. The
Company's ability to continue as a going concern is dependent upon its
ability to attain profitable operations, generate sufficient funds to
continue its exploration and development activities, to repay its debts
as they come due, and continue to obtain sufficient capital from
investors or other sources of financing to meet its current and future
obligations.
Management considers the Company is a going concern and has prepared the
condensed interim financial statements on a going concern basis.
2. Basis of preparation
These condensed interim financial statements are unaudited and have been
prepared in accordance with International Accounting Standard ("IAS")
34, "Interim Financial Reporting" using accounting policies consistent
with International Financial Reporting Standards ("IFRS") as issued by
the International Accounting Standards Board ("IASB"). Certain
information and disclosures normally included in the annual financial
statements prepared in accordance with IFRS have been condensed or
omitted.
The condensed interim financial statements should be read in conjunction
with the Company's audited annual financial statements as at and for the
year ended March 31, 2013 and the notes thereto.
3.Property, plant and equipment
Oil and
natural gas Corporate
interests and other Total
Cost
Balance at March 31, 2012 $ 36,648,999 $ 43,798 $ 36,692,797
Capital expenditures 4,867,434 13,400 4,880,834
Transfers from exploration
and evaluation assets 316,057 - 316,057
Change in decommissioning
provisions 412,000 - 412,000
-------------------------------------------------------------------------
Balance at March 31, 2013 $ 42,244,490 $ 57,198 $ 42,301,688
Capital expenditures 554,107 1,326 555,433
Disposition (1) (60,000) - (60,000)
Change in decommissioning
provisions (note 8) (1,021,000) - (1,021,000)
-------------------------------------------------------------------------
Balance at September 30,
2013 $ 41,717,597 $ 58,524 $ 41,776,121
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Accumulated depletion and
depreciation and impairment
losses
Balance at March 31, 2012 $ 1,985,000 $ 18,264 $ 2,003,264
Depletion and depreciation
expense 3,240,000 10,000 3,250,000
Impairment loss 1,363,000 - 1,363,000
-------------------------------------------------------------------------
Balance at March 31, 2013 $ 6,588,000 $ 28,264 $ 6,616,264
Depletion and depreciation
expense 1,035,000 4,600 1,039,600
Disposition (1) (5,000) - (5,000)
-------------------------------------------------------------------------
Balance at September 30,
2013 $ 7,618,000 $ 32,864 $ 7,650,864
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Oil and
natural gas Corporate
interests and other Total
Net carrying value:
-------------------------------------------------------------------------
-------------------------------------------------------------------------
At March 31, 2013 $ 35,656,490 $ 28,934 $ 35,685,424
-------------------------------------------------------------------------
-------------------------------------------------------------------------
At September 30, 2013 $ 34,099,597 $ 25,660 $ 34,125,257
-------------------------------------------------------------------------
-------------------------------------------------------------------------
(1) On May 15, 2013, the Company completed an asset swap transaction with an
unrelated third party such that $200,000 of oil and natural gas
interests were swapped for $200,000 of undeveloped lands. The carrying
amount of the oil and natural gas interests was $15,000, including a
decommissioning provision of $40,000, resulting in a gain on sale of
$185,000 for the six month period ended September 30, 2013.
4. Bank debt
As at September 30, 2013, the Company had lending facilities with a
Canadian chartered bank, consisting of a $12.0 million revolving demand
credit facility, and a $6.5 million demand development/acquisition
facility, of which $7.5 million ($7.0 million under bankers' acceptances
and $0.5 million under prime-based lending) and $Nil were drawn,
respectively. The revolving facility is a borrowing base facility that
is determined based on, among other things, the Company's current
reserve report, results of operations, current and forecasted commodity
prices and the current economic environment. The revolving credit
facility contains standard commercial covenants for facilities of this
nature. The Company also has available a risk management facility which
allows the Company to conduct certain financial risk management options.
The interest rates on the facilities are bank prime plus 0.75% per annum
and bank prime plus 1.25% per annum, respectively. Bankers' acceptances
are subject to a 2% acceptance fee plus an applicable market interest
rate. The facilities are secured by a $50.0 million demand debenture and
a general security agreement covering all assets of the Company. The
revolving credit facility provides that advances may be made by way of
direct advances, bankers' acceptances, or standby letters of
credit/guarantee. Advances on the development/acquisition facility are
subject to bank approval; however they are generally limited to the
lesser of the estimated development/acquisition cost and the bank's
internal valuation of associated reserves. Repayments for the revolving
facility are interest only, and repayments for the
development/acquisition line are determined by the bank based on their
evaluation of the specific circumstances, both subject to the bank's
right of demand.
The only financial covenant on the revolving facility is a requirement
for the Company to maintain a current ratio (as defined in the credit
agreement and further described in note 17) of not less than 1.0:1.0,
and such ratio is to be tested at the end of each fiscal quarter. The
Company was in compliance with this financial covenant as at September
30, 2013. A condition of the risk management facility is the Company
must not hedge greater than 50% of its oil and natural gas production.
Subsequent to September 30, 2013, a review of the Company's banking
facilities was completed, resulting in a reduction of the revolving
demand credit facility borrowing limit to $8 million and the
cancellation of the development/acquisition facility, and a new review
date of January 1, 2014. In addition, the interest rate on the revolving
demand credit facility changed to prime plus 3.0%, the acceptance fee on
banker's acceptances changed to 4.25% and the production limitations on
the risk management facility were clarified such that the Company may
only hedge 50% of estimated forward production on a commodity by
commodity basis. All other aspects of the lending facilities remain the
same. As of November 15, 2013, the Company is in compliance with the
lender's covenants.
5. Loans payable
As at September 30, 2013, the Company has a loan payable with a
principal amount of $8 million, which bears interest at 10% per annum,
is secured against the assets of the Company as a second charge to the
Company's lending facility (note 6), and is due January 31, 2017. Any
interest and principal repayments for this loan is subject to the bank's
prior approval. The loan payable is due to a company that is also a
shareholder of the Company, and repayable early at any time without
penalty.
On August 29, 2013, the terms of the loan payable were amended, such
that the previous principal amounts owing of $7,000,000 (due January
2014) and $1,000,000 (due January 2013), were consolidated into a total
balance owing of $8,000,000 bearing simple interest at 10% per annum,
with a due date of January 31, 2017. Under the terms of the new
agreement, accrued interest is also due and payable January 31, 2017.
The due date for interest owing on the previous loan amount was also
extended to January 31, 2017. There were no fees associated with the
amendment.
The following table summarizes changes in the loans payable:
10% loan 12% loan 10% loan Total
----------------------------------------------------------------------------
due January due January due January
2014 2013 2017
Principal
Balance March
31, 2013 $ 7,000,000 $ 1,000,000 $ - $ 8,000,000
Consolidation (7,000,000) (1,000,000) 8,000,000 -
----------------------------------------------------------------------------
Balance
September 30,
2013 $ - $ - $ 8,000,000 $ 8,000,000
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Interest
Balance March
31, 2012 $ 115,068 $ 100,274 $ - $ 215,342
Interest
expense 700,000 120,000 - 820,000
----------------------------------------------------------------------------
Balance March
31, 2013 815,068 220,274 - 1,035,342
----------------------------------------------------------------------------
Interest
expense 289,589 49,644 - 339,233
Consolidation (1,104,657) (269,918) 1,374,575 -
Interest
expense - - 70,137 70,137
----------------------------------------------------------------------------
Balance
September 30,
2013 $ - $ - 1,444,712 1,444,712
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total loan
payable at March
31, 2013 $ 7,815,068 $ 1,220,274 $ - $ 9,035,342
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total loan
payable at
September 30,
2013 $ - $ - $ 9,444,712 $ 9,444,712
----------------------------------------------------------------------------
----------------------------------------------------------------------------
6. Availability of the Financial Statements and MD&A
Copies of all the Company's Financial Statements and MD&A's will be
available on the Company's website (www.edgeres.com) and on SEDAR
(www.sedar.com).
FOR FURTHER INFORMATION PLEASE CONTACT:
Edge Resources Inc.
Brad Nichol
President and CEO
+1 403 767 9905
Edge Resources Inc.
Ward Kondas
+1 (778) 918-8384
wkondas@edgeres.com
www.edgeres.com
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