(via TheNewswire)
As a result, today the Company has re-filed its annual financial statements and related MD&A for the year ended
The Re-filed Reports are available under the Company's profile on SEDAR at www.sedar.com. Each of the Re-filed Reports replace and supersede the respective previously filed original financial statements and related MD&A. Such previously filed original financial statements and MD&A should be disregarded.
The Company does not consider these revisions to be material and do not result in any amendment to the Company’s previously disclosed cash and cash equivalents.
The effect of the restatement on the amended and restated annual financial statements for the year ended
On the statement of financial position - contributed surplus and accumulated deficit increased by
$178,971 On the statement of loss and comprehensive loss – general and administrative expenses increased by
$178,971 On the statement of changes in shareholders’ equity - contributed surplus and accumulated deficit increased by
$178,971 On the statement of cash flows – net loss for the period and movement in share-based payments increased by
$178,971
The effect of the restatement on the amended and restated interim financial statements for the three-month period ended
On the statement of financial position - contributed surplus and accumulated deficit increased by
$178,971 On the statement of changes in shareholders’ equity - contributed surplus and accumulated deficit, as at
January 1, 2022 , increased by$178,971
The Re-filed Reports were filed concurrently with the Company’s interim financial statements and related MD&A for the three and six month periods ended
About Monarch
The Company was incorporated under theBusiness Corporations Act(
As at the time of filing, the Company has no business operations, and the Company's principal purpose is the identification, evaluation and acquisition of assets, properties or businesses or participation therein subject, in certain cases, to shareholder approval and acceptance by the
ON BEHALF OF THE BOARD
”Mark Orsmond”
Chief Executive Officer
Phone: 604-889-4790
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the effect of the corrections on the Company’s financial results, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
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Copyright (c) 2022 TheNewswire - All rights reserved., source