Hall Train Entertainment Inc.
TSX VENTURE : YHT

February 23, 2009 13:57 ET

Hall Train Entertainment Inc. Announces Refiling of Continuous Disclosure Documents

TORONTO, ONTARIO--(Marketwire - Feb. 23, 2009) - Hall Train Entertainment Inc. (the "Company")(TSX VENTURE:YHT) announces that it has filed on SEDAR the following documents:

1. amended audited comparative financial statements for the financial years ended December 31, 2005 and 2004, to add a note correcting the governing jurisdiction;

2. amended audited comparative financial statements for the financial years ended December 31, 2006 and 2005, to add a note correcting the governing jurisdiction;

3. amended financial statements for the interim period ended June 30, 2007, to add comparative amounts for the three month and six month periods ended June 30, 2006 in the Interim Statement of Operations and Interim Statement of Cash Flows;

4. amended financial statements for the interim period ended September 30, 2007, to add comparative amounts for the three month and nine month periods ended September 30, 2006 in the Interim Statement of Operations and Interim Statement of Cash Flows;

5. amended audited comparative annual financial statements for the financial years ended December 31, 2007 and 2006, with additional notes to correct the governing jurisdiction and to include disclosure of new accounting standards, and a revised annual Management Discussion and Analysis ("MD&A") for the financial year ended December 31, 2007;

6. amended financial statements for the interim period ended March 31, 2008, with additional notes as to new accounting standards, and a revised interim MD&A for such period ;

7. amended financial statements for the interim period ended June 30, 2008, with additional notes as to new accounting standards, and a revised interim MD&A for such period; and

8. revised interim MD&A for the interim period ended September 30, 2008, amended to include an additional sentence under "Forward Looking Information" to identify certain specific paragraphs in the MD&A as forward looking information.

In conjunction with the filing of the above-noted revised annual and interim financial statements and MD&As, the Company has filed new certifications of its annual and interim filings by its Chief Executive Officer and Chief Financial Officer as required under National Instrument 52-109 for the years ended December 31, 2005, 2006 and 2007 and each of the quarters ended June 30, 2007, September 30, 2007, March 31, 2008, June 30, 2008 and September 30, 2008.

The above-noted documents have been posted on SEDAR and may be viewed at www.sedar.com.

The documents noted above in items 1 through 8 replace and supersede the documents previously filed. The re-filings were undertaken to correct a number of deficiencies identified by the British Columbia Securities Commission pursuant to continuous disclosure reviews of the Company's filings.

The annual and interim MD&As have been revised to i) include certain disclosure items previously omitted; ii) provide more detailed discussions of the Company's proposed reverse take-over by Goldwright Explorations Inc. ("Goldwright") and about Goldwright (see below); iii) provide more details about related party transaction of the Company; and (iv) provide a discussion of the risks and uncertainties which the Company faces.

The Company's interim MD&As for 2007 should not be relied upon. Reference should be made instead to the revised annual MD&A for 2007.

The Company emphasizes that the revised annual and interim MD&As and the additional notes to the financial statements do not involve the restatement of financial information published previously by the Company.

The Company is subject to cease trade orders issued by the securities regulators in British Columbia and Alberta in 2003. The Company is working with the regulators towards a revocation of the cease trade orders.

On January 9, 2009, the Company announced the signing of a letter of intent dated January 8, 2009 (the "Letter of Intent") with Goldwright for the potential combination of the Company and Goldwright pursuant to a reverse take-over transaction to be implemented by amalgamating the two corporations into a new corporation to be called GoldTrain Resources Inc. Further details may be found in the Letter of Intent and in the January 9, 2009 press release of the Company filed on SEDAR which may be viewed at www.sedar.com.

Contact Information

  • Hall Train Entertainment Inc.
    Mr. Donald A. Sheldon
    Director
    (416) 595-0147