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Last $0.0001 USD
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As of 8:10 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

drake gold resources inc (DKGR) Snapshot

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06/5/14 - $0.0005
52 Week Low
03/20/15 - $0.0001
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drake gold resources inc (DKGR) Details

Drake Gold Resources Inc., through its subsidiary, Universal Apparel Company, engages in the wholesale of apparel and textile products in North America and Europe. It primarily sells casual and athletic wear tops and bottoms, T-shirts, and fleece products to specialty and boutique stores, high-end and mid-tier retail stores, sporting goods stores, screen printers, and private label accounts, as well as to college bookstores and hospitality industry. The company also holds assets in the oil and gas sector. The company was formerly known as Automotive Specialty Concepts, Inc. and changed its name to Drake Gold Resources Inc. in February 2006. Drake Gold Resources Inc. was incorporated in 1981 and is headquartered in Portland, Oregon.

drake gold resources inc (DKGR) Top Compensated Officers

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drake gold resources inc (DKGR) Key Developments

Drake Gold Resources Inc. Announces Formation of New Subsidiary

Drake Gold Resources Inc. announced the formation of a new subsidiary focusing on the exciting area of the hydroponic growing of Medical Marijuana in which it will grow, harvest and develop CBD'S (Cannabidiol). It is reported that CBD's have distinct immune system benefits.

Drake Gold Resources Inc. Announces Earnings Results for the Quarter Ended September 30, 2014

Drake Gold Resources Inc. announced earnings results for the quarter ended September 30, 2014. The company reported revenue of $741,469 were strong this quarter caused by a robust, wholesale appetite for Universal Apparel's textiles. The demand for Universal Apparel's product continues to remain strong for the upcoming quarter as the company is in negotiations with many, new wholesalers. However, the net profit for the quarter was relatively low because of both the sudden increase in material prices as well as higher labor costs in its overseas factories. The company considers this as an anomaly and do not expect this to continue in coming quarters.

Drake Gold Resources, Inc. Announces Management Changes

Drake Gold Resources, Inc. announced that Mahabubul Kabir has been appointed as the new CEO with Peter Matousek as the director of Shareholder Relations. Peter Matousek will resign his directorial and officer positions as of December 31, 2014.


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