Alder Files Restated Annual and Quarterly Filings and Amended Geological Report
December 24 2009 - 11:19AM
Marketwired
Alder Resources Ltd. ("Alder") (TSX VENTURE: ALR) has filed on
SEDAR an Amended and Restated annual Management Discussion and
Analysis for the fiscal year ended September 30, 2008. Alder has
also filed Amended and Restated quarterly MD&A's for the fiscal
quarters ending December 31, 2008, March 31, 2009 and June 30,
2009. This Press Release is issued to clarify the reasons for the
new filings.
After a review of the original filings the British Columbia
Securities Commission advised that it did not consider that the
detailed disclosures in them were in adequate compliance with the
requirements of National Instrument 51-102. As a result, Alder has
made appropriate revisions to the documents. The revisions have
been done to correct deficiencies in the following MD&A
sections: selected annual information, results of operations,
summary of quarterly results, liquidity and capital resources,
related party transactions, changes in accounting policies
including initial adoption and forward-looking statements. The
Amended and Restated documents can be viewed on SEDAR and on the
Company's website: www.alderltd.ca.
The Commission also reviewed the geological report which had
been prepared on the Company's optioned Canadian Creek, Yukon,
mineral claims dated July 27, 2009. The authors, Bill Morton,
P.Geo. and Colin Russell, P.Geo., prepared the appropriate
revisions in a revised report as of October 25, 2009. The revised
report has also been filed - and can be viewed - on SEDAR.
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.
Contacts: Alder Resources Ltd. Carl R. Jonsson Director (604)
640-6357 www.alderltd.ca
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