10:09 AM EST - Lexam Explorations Inc. : posted third quarter results, posting a loss of $0.17 million or breakeven per share, narrower than a loss of $1.58 million or $0.03 per share last year. The company noted that the loss during the third quarter was due to expenses associated with the environmental review process at the Baca Oil and Gas Project, exploration at the Otish Uranium Project and administrative expenses. Also, for the fourth quarter of 2008, Lexam forecasts exploration expenses of $0.1 million related to exploration at the Otish Uranium Project. Lexam Explorations Inc.
shares V.LEX are trading unchanged at $0.21.
