Acadian Energy Files Audited Financial Statements for Year End 2010, and Unaudited Financial Statements for Quarter 1, and Qu...
November 08 2011 - 5:05PM
Marketwired
Acadian Energy Inc. (TSX VENTURE:ACX) -- (the "Corporation") today
announced the filing of financial statements for the following
periods and the intention to file applications with the OSC and TSX
Venture Exchange to rescind the cease trade order and suspension
from trading imposed due to the non-filing of these statements. The
Company filed audited statements for the year ended December 31,
2010 for the prior company called Acadian Energy Holdings Inc., and
unaudited financial statements for the interim 3 and 6 month
periods ending March 31, 2011 and June 30, 2011 for Acadian Energy
Inc.
These results have been filed in IFRS with the year over year
comparisons also in IFRS.
The delay in the filings resulted from the Qualifying
Transaction the Company undertook between the previous public
company York Ridge Lifetech Inc., and Acadian Energy Holdings Inc.,
on March 16, 2011. At that time, the Company had filed documents
intending to use York Ridge's year end of August 30, 2011, but was
subsequently informed that because the QT was considered a reverse
takeover, the December 31, 2010 year end of Acadian Energy Holdings
Inc. was required to be used. Management has spent the recent time
to conduct the audit (prior to the period initially planned for),
and the IFRS statements, and year earlier comparisons, for the new
periods.
The Company is now on schedule to subsequently file its
September 30, 2011 quarter end well before the end of November.
The filings and appropriate Management Discussion and Analysis
are available on www. sedar.com.
Additional Company information is also obtainable on the
Company's newly designed web site www.acadianenergy.com
About Acadian:
Acadian is a junior exploration and production company which is
focused on the exploration and development of New Albany shale oil
and natural gas in the Illinois Basin. The Company continues
exploration development of the oil potential of the New Albany
Shale. Acadian trades on the TSX Venture Exchange under the symbol
ACX.
This communication to shareholders and the public contains
certain forward-looking statements. Actual results may differ
materially from those indicated by such statements. All statements,
other than statements of historical fact, included herein,
including, without limitations statements regarding future
production, are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements.
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.
Contacts: Acadian Energy Inc. John McDevitt Chairman and CEO
281-751-7720jmcdevitt@acadianenergy.comwww.acadianenergy.com
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