Bayshore Petroleum Corp.
TSX VENTURE : BSH

May 29, 2009 15:23 ET

Bayshore Petroleum Corp. Re-Filing of MD&A

CALGARY, ALBERTA--(Marketwire - May 29, 2009) - Bayshore Petroleum Corp. (TSX VENTURE:BSH) ("Bayshore" or the "Company"), as a result of an internal review of its December 31, 2008 management's discussion and analysis would like issuing the following press release to clarify the Company's disclosure.

In preparing for the Company's first quarter filings, management noted two errors in the December 31, 2008 year end MD&A. The amendment of the MD&A for the applicable period involved revisions to disclosure regarding the Company's Qualifying Transaction regarding the number of common shares issued in the private placement in connection therewith and the consideration received therefore as well as a correction to the value of "Total Assets" in the summary of quarterly results for Q4 2008. Discovery of the errors is a result of the Company's comprehensive review over its internal controls and financial reporting.

The Company has re-filed the amended MD&A for the year ended December 31, 2008.

The amended MD&A will be available at www.sedar.com.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Bayshore Petroleum Corp.
    Alan M. Tang
    President
    (403) 269-2823