Big Red Diamond Corporation

Big Red Diamond Corporation

September 04, 2009 15:30 ET

Big Red Diamond Financial Statements Amendments

MONTREAL, QUEBEC--(Marketwire - Sept. 4, 2009) - Big Red Diamond Corporation (TSX VENTURE:DIA) has been asked by the Autorite des marches financiers du Quebec ("AMF") to amend some financial statements filed on SEDAR in 2008 and 2009.

The AMF has been reviewing DIA's continuous disclosure file on SEDAR and has asked DIA to amend its October 31, 2008 Audited Financial Statements, as well as the non-audited quarterly statements for the period ended April 30, 2009.

The most important change will be the postponement of the Purchase Option of certain properties (Andy Lake and Maro) from AntOro Resources Inc. ("AntOro"). As such, we have been asked to restate our respective financial statements to reverse 1,500,00 common shares which were to be issued to AntOro. The restatement will also impact related property acquisition and exploration expenses.

The above noted property transactions have since been completed (see DIA press release dated April 7, 2009) and the shares were finally issued on May 11, 2009.

The Company will also make other minor amendments to the statements and will correct the related MD&As. These statements will be filed on SEDAR as soon as they are completed.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Big Red Diamond Corporation
    Jean-Francois Perrault
    President & CEO
    514-288-7750 (FAX)