03:36 PM EST - MDN Inc. : announced its financial results for the first quarter ended March 31st. A net loss of $ 1.6 million or $ 0.016 per share was registered for the first quarter of 2012, compared to a net loss of $ 640 000 or 0.006 $ per share for the same period in 2011. The first quarter's net loss is attributable to the writeoff of the Msasa exploration asset of $947,000 and no royalties was declared from the Tulawaka mine. As at March 31, the Company's working capital was $ 8.85 million. MDN Inc.
shares T.MDN are trading up $0.01 at $0.23.
