Newlox Gold Files Amended and Restated Condensed Interim Consolidated Financial Statements
As a result of a review by the British Columbia Securities Commission, we are issuing the following press release to clarify our disclosure.
Vancouver, BC, February 20, 2017 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt: NGO) a Canadian company involved in the development of environmentally-friendly artisanal mine tailings remediation and reprocessing systems, announces the refilling of its Condensed Interim Consolidated Financial Statements dated February 20, 2017 for the three and six months ended September 30, 2016 and 2015.
We have made some presentation corrections to the financial statements to comply with IAS 34, Interim Financial Reporting. We also made an adjustment to increase liabilities by $15,000 and decrease equity by $15,000. There were no other material corrections to the Statement of Financial Position or the Statement of Comprehensive Loss and there were no additional disclosures made.
The amended and restated Condensed Interim Consolidated Financial Statements is available to the public on SEDAR and contains the updated information detailed above.
Stewart A Jackson, PhD, PGeo. is the Qualified Person for the Company and reviews all technical disclosures made by the Company.
Forward-Looking Information: The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward- looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward- looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).
Technical Disclaimer: The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within themeaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.
On Behalf of the Board, Newlox Gold Ventures Corp.
Newlox Gold Contact
Ryan Jackson, President
Newlox Gold Ventures Corp.
Telephone: +1 778 738 0546
Email: [email protected]
For a PDF file of this news release, click here.