Canadian Phoenix Resources (TSX VENTURE:CXP) announces the results for the second quarter of its 2012 fiscal year.

2012 SECOND QUARTER HIGHLIGHTS

• The Corporation held $78.7 million in cash and cash equivalents and maintained a working capital surplus of $78.5 million as at June 30, 2012.

• The Corporation's cash and cash equivalents per common share and net asset value per common share were $1.37 as at June 30, 2012.

• Net and comprehensive loss was $44 thousand, or $nil per share, including a $69 thousand impairment of assets and ...