| Matamec Explorations Inc.: Restatement of Financial Statements | |
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MONTREAL, QUEBEC--(Marketwired - Dec 23, 2014) - Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE:MAT) (OTCQX:MHREF) announce that following comments expressed by the Autorité des marchés financiers (« AMF ») as part of its inspection program of continuous reporting, it's financial statements for the year ended Decembre 31, 2013 ( including comparative figures for the year ended December 31, 2012) and its intermediate financial statements as at September 30, 2014 will be the object of a restatement relatively to the taking of participation of Toyotsu Rare Earth Canada Inc. (« TRECan ») in the Kipawa JV property. The initial accounting treatment of the transaction which resulted in a gain on disposal of exploration and evaluation assets in the consolidated statements of operations will be reversed, the transaction will be presented as a farm-out contract. Consequently, the gains on disposal in the consolidated statements of operations will be reversed, the balance of the Kipawa JV property and the equity attributable to Matamec Explorations Inc.'s shareholders in the consolidated statements of financial position will be reduced. The restated financial statements will be filed as soon as possible in 2015. Follow us on Twitter: https://twitter.com/MatamecInc Visit us on Facebook: https://www.facebook.com/MatamecInc Neither 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.
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Matamec Explorations Inc.
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EXPLORATEUR |
CODE : MAT.V |
ISIN : CA5765411064 |
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Matamec Expl. est une société développant des projet miniers d'or et de cuivre basée au Canada. Matamec Expl. détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont WACHIGABAU, ZEUS PROPERTY, SAKAMI, MATHESON et LA GRANDE EST au Canada. Matamec Expl. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 3,4 millions CA$ (2,6 millions US$, 2,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 15 janvier 1999 à 4,80 CA$, et son plus bas niveau récent le 21 juin 2018 à 0,02 CA$. Matamec Expl. possède 136 966 852 actions en circulation. |