Iona Energy Inc.

TSX VENTURE : INA


Iona Energy Inc.

December 06, 2013 15:17 ET

Iona Energy Inc. Announces Refiling of MD&A

CALGARY, ALBERTA--(Marketwired - Dec. 6, 2013) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES

Iona Energy Inc. ("Iona" or the "Company") (TSX VENTURE:INA) announces that it has filed an amended and restated MD&A for the three and nine month periods ended September 30, 2013. The amendments to the MD&A are a result of a typographical error in the highlights section of the MD&A where the cash flow was referenced to a three month period instead of a nine month period.

As the Company believes that these amendments will provide useful information for investors it has refiled an amended and restated MD&A correcting the typographical error as well as reporting the three month cash flow for the period ended September 30, 2013.

The changes are as follows:

Page 1 - Under "Highlights Third Quarter 2013", (reported) Cash flow from operations of CAD$12.3 million for the three months ended September 30, 2013 prior to changes in non-cash working capital balances.

Page 1 - Under "Highlights Third Quarter 2013", Cash flow from operations of CAD$3.9 million for the nine months (instead of three months) ended September 30, 2013 prior to changes in non-cash working capital balances.

Additional information relating to the Company is available on SEDAR at www.sedar.com.

About Iona Energy:

Iona is an oil and gas exploration, development and production company focused on oil and gas development and exploration in the United Kingdom's North Sea.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Iona Energy Inc.
    Neill A. Carson
    Chief Executive Officer
    +44 1224 228400

    Iona Energy Inc.
    Graham A. Heath
    Interim CFO
    +44 7508 936982

    Iona Energy Inc.
    David Ricciardi
    Investor Relations
    +1 (403) 978 4894