Tri-River Ventures Inc. – Amendment and Restatement of March 31, 2011 Financial Results
VANCOUVER, Aug. 10, 2011 /CNW/ – As a result of a review by the British Columbia Securities Commission, we are issuing the following press release to clarify our disclosure. Tri-River Ventures Inc. (TSXV: TVR) has filed amended and restated financial statements for the three months ended March 31, 2011 to correct certain disclosure deficiencies identified by the British Columbia Securities Commission.
The majority of the disclosure deficiencies related to the information required to be disclosed as a result of the transition from Canadian GAAP to International Financial Reporting Standards. The updated financial statements now include the following reconciliations which were not contained in the original filing:
Statement of Changes in Equity – Comparative information for the interim period ended March 31, 2010;
Shareholders’ Equity – Reconciliation of Shareholders’ Equity as at March 31, 2010; and
Comprehensive Income – Reconciliation of Comprehensive Income for the year ended December 31, 2010.
The Company has also updated certain references contained in note 15 and has amended its subsequent events note.
Tri-River is a Canadian based exploration company focused on acquisition, exploration and development of mineral resource properties. The Company is currently exploring its 95% owned Lianlong mineral property in Sichuan province, China. Tri-River’s shares are listed on the TSX Venture Exchange under the symbol TVR.
This press release contains forward-looking statements based on current expectations. Forward-looking statements entail various risks and uncertainties that could cause actual events or results to differ materially from those reflected in forward-looking statements. Risks and uncertainties about Tri-River’s business are more fully discussed in Tri-River’s disclosure materials under the heading “Risk Factors” and elsewhere in Tri-River’s MDA, Financial Statements and other periodic filings with Canadian securities regulators and on SEDAR. The Company does not assume any obligation to update forward-looking statements.