High Desert Gold (TSXV:HDG) released its unaudited condensed interim consolidated financial statements. The company reported that as of June 30th, 2012, it had a working capital of $2.4 million.
As quoted in the press release:
As at June 30, 2012, the Company had working capital of $2.4 million, including cash and cash equivalents of $3.0 million. The Company also owns 10.7 million shares of Highvista Gold Inc. (TSX VENTURE:HVV) (34.2% equity interest) which had a quoted value of $1.6 million as at June 30, 2012. These shares are subject to a time-released regulatory escrow agreement and a contractual lock-up undertaking entered into by the Company.