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Colt files amended consolidated interim financial statements |
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Wednesday, 27 April 2011 14:00 |
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Colt Resources Inc. announces that it has filed on SEDAR amended consolidated interim financial statements for the three and nine-month periods ended on December 31, 2010 (the “Interim Financial Statements”).
The nature of the amendment to the Interim Financial Statements consisted in errors in the calculation of the stock-based compensation. The corrected calculation appears now on pages 3 and 26, where the value for the stock-based compensation as of December 31, 2010 was changed from $545,958 to $1,123,125. The Company also took the opportunity to revise its note on the International Financial Reporting Standards (IFRS) to update its situation regarding its conversion to IFRS.In addition, in connection with its review of the management information circular of the Company dated August 10, 2010 (the “Circular”) in the context of its review of the preliminary short form prospectus of the Company dated April 13, 2011, the Autorité des marchés financiers (the “Autorité”) has identified deficiencies in the disclosure of the Company’s compensation therein. As requested by the Autorité, the Company also filed on the date hereof a revised compensation section in the Circular. |
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Last Updated on Wednesday, 27 April 2011 11:30 |
