January 25, 2011 14:34 ET

Guimond Lavallee Inc. Hired as AntOro Resources Auditors Start of May 31, 2008, 2009 and 2010 Audits

MONTREAL, QUEBEC--(Marketwire - Jan. 25, 2011) - AntOro Resources inc. («AntOro» or the « Company ») announces the nomination of Guimond Lavallée inc. as Company Auditors replacing Raymond Chabot Grant Thornton, s.e.n.c.r.l. who recently resigned.

The Company filed a Notice in accordance with National Instrument 51-102, section 4.1., with the Autorité des marchés financiers du Québec as well as the ASC and BCSC.

Guimond Lavallée have started the Audits for the years ended May 31, 2008, 2009 and 2010. As soon as these Financials Statements are ready they will be filed, together with the related MD&As, on SEDAR.

As announced on July 15, 2009, the most important change will be to postpone the Sale Option of certain properties to Big Red Diamond Corporation. This postponement 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 these 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 the soon to be filed financial statement.

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

Once the Financial Statements and related MD&As are filed on SEDAR, they will be reviewed by the Securities regulatory authorities. Once this review completed and the Statements deemed to be acceptable, AntOro will ask the Regulators that the Cease-Trading Order on AntOro's shares be lifted so the Company can apply for a Stock Exchange listing.

In compliance with its continuous disclosure obligations, AntOro will also prepare and have audited the May 31, 2008, 2009 and 2010 financial statements and MD&As. It will prepare the February 29, August 31 November 30, 2008, February 28, August 31, and November 30, 2009, and February 28, August 31, and November 30, 2010, unaudited quarterly statements and MD&As. These statements will be filed on SEDAR as soon as they are completed.

Contact Information

  • AntOro Resources inc.
    Yvan Dubuc
    Chairman of the Board and Director
    514-982-6044 ext. 223