Bacanora Announces Re-Filing of 2013 Q1 and Q2 Interim Financials
2014年5月31日 - 7:03AM
Marketwired
Bacanora Announces Re-Filing of 2013 Q1 and Q2 Interim Financials
CALGARY, ALBERTA--(Marketwired - May 30, 2014) - BACANORA
MINERALS LTD. ("Bacanora" or the "Company") (TSX-VENTURE:BCN)
announces that it has re-filed its interim financial statements for
the periods ended September 30, 2013 and December 31, 2013 and its
management discussion and analysis for the same periods. In the
course of preparing the Company's consolidated interim financial
statements for the period ended March 31, 2014, management
identified certain required reclassification adjustments for the
accounting for the disposition of its 30% interest in its
subsidiary holding the El Sauz and Fleur Lithium concessions. The
Company has corrected the consolidated financial statements to
record directly in equity the difference between the adjustment to
the non-controlling interest and the fair value of the
consideration received. Please refer to note 12 of the restated
condensed consolidated interim financial statements for the periods
ended September 30, 2013 and December 31, 2013 (copies of which are
available under the Company's profile at www.sedar.com) for a
summary of the impact of the restatement adjustments on the
Company's previously reported consolidated financial
statements.
Reader
Advisory
Except for statements of historical fact, this news release
contains certain "forward-looking information" within the meaning
of applicable securities law. Forward-looking information is
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions
"may" or "will" occur. Although we believe that the expectations
reflected in the forward-looking information are reasonable, there
can be no assurance that such expectations will prove to be
correct. We cannot guarantee future results, performance or
achievements. Consequently, there is no representation that the
actual results achieved will be the same, in whole or in part, as
those set out in the forward-looking information.
Forward-looking information is based on the opinions and
estimates of management at the date the statements are made, and
are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking
information. Some of the risks and other factors that could cause
the results to differ materially from those expressed in the
forward-looking information include, but are not limited to:
commodity price volatility; general economic conditions in Canada,
the United States, Mexico and globally; industry conditions,
governmental regulation, including environmental regulation;
unanticipated operating events or performance; failure to obtain
industry partner and other third party consents and approvals, if
and when required; the availability of capital on acceptable terms;
the need to obtain required approvals from regulatory authorities;
stock market volatility; competition for, among other things,
capital, skilled personnel and supplies; changes in tax laws; and
the other risk factors disclosed under our profile on SEDAR at
www.sedar.com. Readers are cautioned that this list of risk factors
should not be construed as exhaustive.
The forward-looking information contained in this news
release is expressly qualified by this cautionary statement. We
undertake no duty to update any of the forward-looking information
to conform such information to actual results or to changes in our
expectations except as otherwise required by applicable securities
legislation. Readers are cautioned not to place undue reliance on
forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Bacanora Minerals Ltd.Shane ShircliffChief Executive
Officer(306) 649-0602Bacanora Minerals Ltd.Martin
VidalPresident(+52 662) 210-0767www.bacanoraminerals.com
Bacanora Minerals Ltd. (TSXV:BCN)
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Bacanora Minerals Ltd. (TSXV:BCN)
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