Regulus Announces Re-Filing of Interim Financials at June 30, 2019
November 27 2019 - 6:21PM
Regulus Resources Inc. (“
Regulus”
or the “
Company”) (
TSX.V – REG)
announces that it has refiled its financial statements and related
MD&A for the period ending June 30, 2019. The Company
determined that it should have reclassified the accumulated
translation adjustments relating to its previously held Argentina
subsidiaries upon the completion of the spinout of its Argentina
subsidiaries to Aldebaran Resources Inc. As a result, the Company
has reduced the accumulated other comprehensive loss account by
CAD$2 million and has also reduced the gain on transfer of spin-out
assets by CAD$2 million. Both of these are non-cash accounts
and management is of the view that these changes have no impact on
the Company's operations or financial position.
For further information, please
contact:
Regulus Resources Inc. Mark
Wayne, CFO / DirectorPhone: (403) 471-3218Email:
mark.wayne@regulusresources.com
About Regulus Resources
Inc.
Regulus Resources Inc. is an international
mineral exploration company run by an experienced technical and
management team. Regulus’ flagship property is the AntaKori
copper-gold-silver project in northern Peru.
For further information on Regulus Resources
Inc., please consult our website at www.regulusresources.com.
Neither the TSX Venture Exchange, nor its
Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
Caution Regarding Forward-Looking Statements
This press release includes certain statements
that may be deemed “forward-looking statements”. All
statements in this discussion, other than statements of historical
facts, that address future exploration drilling, exploration
activities, anticipated metal production, internal rate of return,
estimated ore grades, commencement of production estimates and
projected exploration and capital expenditures (including costs and
other estimates upon which such projections are based) and events
or developments that the Company expects, are forward looking
statements. Although the Company believes the expectations
expressed in such forward looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include metal prices, exploration
success, continued availability of capital and financing, and
general economic, market or business conditions. Accordingly,
readers should not place undue reliance on forward-looking
statements.
Regulus Resources (TSXV:REG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Regulus Resources (TSXV:REG)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Regulus Resources Inc (TSX Venture Exchange): 0 recent articles
More News Articles