Prophecy Coal Clarifies Q1-2011 Financial Statement Disclosures
12 8월 2011 - 9:19AM
Marketwired
Prophecy Coal Corp. (TSX VENTURE: PCY)(OTCQX: PRPCF)(FRANKFURT:
1P2) ("Prophecy" or the "Company") announces at the request of the
British Columbia Securities Commission, the Company has today filed
amended Q1-2011 financial statements and management discussion and
analysis (MD&A).
The changes include reconciliation between the Company equity in
accordance with previous GAAP and current IFRS accounting
regulations as at March 31, 2010. The amendments in MD&A
include further discussion on the Company's operations, Prospectus
offering, quarterly results, and related party transactions.
The amended financial statements and MD&A do not have an
impact on operations or cash flows of the Company. The amended
filings provide further clarification in the notes to the financial
statements and further discussion on the Company's operations in
the MD&A. The amended documents are available on SEDAR
(www.sedar.com) and the Company's website.
Prophecy Coal Announces CFO Departure and Appointment of Interim
CFO
Prophecy Coal also announces that CFO David Jan has left the
company effective immediately to pursue other opportunities. Irina
Plavutska, currently corporate controller of Prophecy, has been
appointed Interim CFO. Ms. Plavutska is a professional accountant
with over 20 years of diverse international experiences in
financial reporting, auditing, and accounting. She is a member of
Certified General Accountants Association of British Columbia.
John Lee, Chairman of Prophecy states: "Irina is very capable
and we will take our time to find the CFO with the right fit and
experience."
About Prophecy Coal
Prophecy Coal Corp. (formerly Prophecy Resource Corp.) is a
Mongolian coal company engaged in developing energy projects. The
Company controls over 1.4 billion tonnes of surface minable thermal
coal resources on two coal properties in Mongolia. Prophecy Coal's
Ulaan Ovoo thermal coal mine is in preproduction and its Chandgana
mine mouth power plant is currently being permitted. Prophecy Coal
is the controlling shareholder of Prophecy Platinum Corp (TSX
VENTURE: NKL). Mineral resources that are not mineral reserves do
not have demonstrated economic viability. Further information on
Prophecy Coal can be found at www.prophecycoal.com.
ON BEHALF OF THE BOARD OF DIRECTORS of Prophecy Coal Corp.
John Lee, Chairman
Forward-Looking Statements: This news release includes certain
statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical
facts, including, without limitation, statements regarding future
plans and objectives of the Company are forward-looking statements
that involve various risks and uncertainties. Although Prophecy
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 the
forward-looking statements. Forward-looking statements are based on
a number of material factors and assumptions. Factors that could
cause actual results to differ materially from those in
forward-looking statements include general economic, regulatory,
market or business conditions, and other risks detailed herein and
from time to time in the filings made by the Company with
securities regulators. Mineral exploration and development of mines
is an inherently risky business. Accordingly the actual events may
differ materially from those projected in the forward-looking
statements. For more information on Prophecy and the risks and
challenges of its business, investors should review filings that
are available at www.sedar.com.
This press release does not constitute an offer to sell or a
solicitation to buy any of the securities in the United States. The
securities have not been and will not be registered under the
United States Securities Act of 1933, as amended ("the U.S.
Securities Act") or any state securities laws and may not be
offered or sold in the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available.
"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: Prophecy Coal Corp. Joseph Li General Manager
1-800-362-7366 jli@prophecycoal.com www.prophecycoal.com
Prophecy Coal Corp (TSXV:PCY)
과거 데이터 주식 차트
부터 8월(8) 2024 으로 9월(9) 2024
Prophecy Coal Corp (TSXV:PCY)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024