Update and Filing of Third Quarter Results

11/26/2009

Vancouver, British Columbia – November 26, 2009 – Mala Noche Resources Corp. (the “Company”) announces that it has filed its unaudited consolidated financial statements and management’s discussion and analysis for the three and nine months ended September 30, 2009. These documents are now available on SEDAR.

The Company incurred net losses of $266,094 and $522,396, respectively, for the three months and the nine months ended September, 30, 2009, compared with net losses of $307,147 and $329,957, respectively, for the three months and the nine months ended September 30, 2008. Higher general and administrative expenses during 2009, due mainly to being a publicly-traded company and costs related to the Company’s acquisition initiatives, were partially offset by reduced stock-based compensation expense. The results of operations prior to October 29, 2008 are those of Mala Noche as a private company.

The Company currently has no revenue-producing operations. As previously announced, management is seeking acquisition opportunities, specifically focusing on producing or near-term producing precious metals assets.

“Our review of acquisition opportunities is continuing” said Wade Nesmith, CEO of the Company. “As we review potential targets, we are simultaneously taking the steps necessary to enable the Company to quickly access the capital markets, should the need arise. During November we filed our final Annual Information Form that will allow us to access the short-form prospectus system and next week we will be launching our new website at www.malanocheresources.com.”

For additional information, please contact: Wade Nesmith, Chief Executive Officer

Telephone: (604) 895-7450
  • Subscribe
  • Connect
  • Contact

Subscribe

Email Address *
Mailing Lists *


Connect

TelephoneTelephone Mail

Disclaimer

Read the following disclaimer before continuing:
Please note that you are now entering an “External Website” directly or indirectly maintained by third party provider (“Virtua”) and that you do so at your own risk.

Primero Mining Corp. (“P:TSX”;“PPP:NYSE”;”ASX:PPM”) has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only. When used below “Primero” means Primero Mining Corp. and its affiliates and subsidiaries.

By clicking “Accept” you acknowledge and agree that neither Primero nor third party provider Virtua is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against Primero and Virtua and further acknowledge and agree that in no event shall P or Virtua, and their respective officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to the Legal Notice, this disclaimer or the External Site.

By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if Primero and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s).

If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-GAAP Information

In addition to disclosing results determined in accordance with GAAP, Primero may also disclose certain non-GAAP information, including certain ratios, operational and miscellaneous data, as well as net income and income per share income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. Management believes that this non-GAAP information provides investors with additional information to assess Primero’s operating performance and assists investors in comparing our operating performance to prior periods. Management uses this non-GAAP information, along with GAAP information, in evaluating its historical operating performance.

The non-GAAP information is not prepared in accordance with GAAP and may not be comparable to non-GAAP information used by other companies. The non-GAAP information should not be viewed as a substitute for, or superior to, other data prepared in accordance with GAAP.

Accept | Decline