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Resolute Oncology Inc (REON)

Resolute Oncology Inc (REON)
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Resolute Oncology Inc was incorporated on the June 23, 2009 under the laws of the state of Nevada under the name Atlas Resources, Incorp. On June 22, 2011, the Company changed the name to Pequot Resources, Inc. Effective January 9, 2013, the Company changed its name to 'Resolute Oncology Inc.', by way of a merger with its wholly-owned subsidiary Resolute Oncology Inc., which was formed solely for the change of name. It is a development stage mineral resource company. The Company acquired a mineral property located in the Sudbury Mining District, within the province of Ontario, Canada and has not determined whether this property contains reserves that are economically recoverable. The recoverability of property expenditures will be dependent upon the discovery of economically recoverable reserves, confirmation of the Company's interest in the underlying property, and the ability of the Company to obtain necessary financing to satisfy the expenditure requirements under the property agreement and upon future profitable production of proceeds of sale thereof. It competes with other mineral resource exploration companies for financing and for the acquisition of new mineral properties.
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