Willowstar Capital Inc.
TSX VENTURE : WWM.P

April 27, 2007 17:21 ET

Willowstar Capital Inc. Announces Restatement of Third Quarter Interim Financials

TORONTO, ONTARIO--(CCNMatthews - April 27, 2007) - Willowstar Capital Inc. (TSX VENTURE:WWM.P) ("Willowstar") announces that, during the course of its audit in respect of its annual financial statements for the year ended December 31, 2006, certain changes were identified in respect of its third quarter financial statements that are required in order to bring such statements into compliance with applicable regulatory provisions, including generally accepted accounting principles. Accordingly, Willowstar will be restating its interim financial statements for the period ended September 30, 2006 and will be filing such restated financial statements, together with amended Management's Discussion & Analysis and supporting officer certifications, on April 30, 2007. It is expected that Willowstar's audited annual financial statements for the year ended December 31, 2006 will also be filed on April 30, 2007, as required under applicable securities laws and policies.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Willowstar Capital Inc.
    William McLucas
    President and CEO
    44 131 319 1910
    44 131 319 1954 (FAX)
    or
    Willowstar Capital Inc.
    Gino Cozza
    CFO and Corporate Secretary
    (416) 737-3314
    (905) 738-4750 (FAX)