TORONTO, Aug. 28 /CNW/ -- TORONTO, Aug. 28 /CNW/ - Silk Road Resources Ltd. (TSX-V; SIL) ("Silk Road" or the "Company") today announced financial results for the quarter ended June 30, 2008. Net Loss for the quarter was $317,000 compared to $595,000 for the corresponding quarter of 2007. Working capital was $437,000 compared to $677,000 at March 31, 2008. The Net Loss per share was $0.01 compared to $0.02 for the corresponding quarter of 2007. The complete financial statements and the Company's management discussion and analysis can be viewed at www.sedar.com.
The Company also announces that options to acquire 160,000 common shares have been granted to directors, officers and employees of the Company, subject to regulatory approval. The options are exercisable at a price of $0.45 per common share and are exercisable until August 27, 2013.
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