July 16, 2009 16:14 ET

Ressources AntOro Inc. Financial Statement Amendments

MONTREAL, QUEBEC--(Marketwire - July 16, 2009) - AntOro Resources Inc. ("AntOro") will amend some financial statements filed on SEDAR in 2008.

Since February 2008, the Autorite des marches financiers du Quebec ("AMF"), has been reviewing AntOro's continuous disclosure file on SEDAR. It has asked AntOro to amend its May 31, 2007 Audited Financial Statements, as well as the non-audited quarterly statements for February 28, August 31, and November 30, 2007.

The most important change will be to postpone the Sale Option of certain properties to Big Red Diamond Corporation. This postponment is due to the fact that the transaction had not been completed in time for the February and May 2007 filings. AntOro will reduce the number of Big Red Diamond shares it held at that time to 7,210,272 from 8,710,272 as stated in the statements. The underlying transaction will be recognized once the actual share certificate is received by AntOro. The amendments to the statements will reflect this change. As of today, AntOro has received the 1.5 million shares and the receipt of such will be reflected in a soon to be filed financial statement.

The Company will also make other minor amendments to the statements and will correct the related MD&As.

In compliance with its continuous disclosure obligations, AntOro will also prepare and have audited the May 31, 2008 and 2009 financial statements and MD&As. It will prepare the February 29, August 31 November 30, 2008, and February 28, 2009 unaudited quarterly statements and MD&As. These statements will be filed on SEDAR as soon as they are completed.

Contact Information

  • Ressources AntOro inc.
    Yvan Dubuc
    Chairman of the Board of Directors
    514-982-6044 ext. 223