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Tamerlane reports financial results for the three month period ended June 30, 2009

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  Published in Business and Finance on Thursday, August 20th 2009 at 12:29 GMT, Last Modified on 2009-08-20 12:29:26 by Market Wire
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 BLAINE, WA, Aug. 20 /CNW/ - Tamerlane Ventures Inc. (TAM: TSX-V) announces a net loss of $479,540 or $0.01 per share for the three months ended June 30, 2009, compared to a net loss of $966,890 or $0.02 per share in the same period of the prior year. The decrease in the loss mainly reflects a decrease in stock-based compensation expenses in the period this year, along with a decrease in office, rent and miscellaneous expenses. At June 30, 2009 the Company had working capital of $254,986 compared to $1,132,874 at December 31, 2008, a decrease of $877,888. "Ross F. Burns" President & CEO The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release. Caution Concerning Forward-Looking Information This press release contains forward-looking information within the meaning of applicable securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking information. It is based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in zinc, lead and other resource prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at [ www.sedar.com ]. 

For further information: Brent Jones, Manager of Investor Relations, E-mail: [ bjones@tamerlaneventures.com ], Phone: (360) 332-4653, Fax: (360) 332-4652, Website: [ www.tamerlaneventures.com ]