Hudson River Minerals Ltd.: Corporate Update
August 30 2013 - 9:03AM
Marketwired Canada
Hudson River Minerals Ltd. ("Hudson River" or the "Company") (TSX VENTURE:HRM)
announces today that the Cease Trade Orders previously issued against the
Company by the Ontario Securities Commission and the British Columbia Securities
Commission have been fully revoked. The Company has made an application to have
its shares reinstated to trading on the TSXV and expects trading to resume
shortly.
The Company also announces the re-filing of its interim financial unaudited
financial statements and related MD&A for the three month period ended March 31,
2013 and for the six month period ended June 30, 2013. In connection with the
Company's application to the Ontario Securities Commission and the British
Columbia Securities for a full revocation of the cease trade orders issued
against the Company, the Ontario Securities Commission conducted a review of the
Company's continuous disclosure filings and required the Company to file
restated financial statements and MD&A for (a) the three month period ended
March 31, 2013 to correct for typographical and addition errors in the
comparative figures and expand on the disclosure for other explanatory
information which was not provided in the unaudited interim financial statements
and corresponding MD&A previously filed; and (b) the six month period ended June
30, 2013 to correct the accounting of the sale of its formerly owned Forge Lake
Property and to expand on the disclosure for other explanatory information which
was not accounted for and provided in the unaudited interim financial statements
and corresponding MD&A previously filed. The restated interim financial
statements and corresponding MD&A for the first two quarters of 2013 can be
found on the Company's profile at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This document may contain forward-looking statements relating to Hudson River's
operations or to the environment in which it operates. Such statements are based
on operations, estimates, forecasts and projections. They are not guarantees of
future performance and involve risks and uncertainties that are difficult to
predict and may be beyond Hudson River's control. A number of important factors
could cause actual outcomes and results to differ materially from those
expressed in forward-looking statements, including those set forth in other
public filings. In addition, such statements relate to the date on which they
are made. Consequently, undue reliance should not be placed on such
forward-looking statements. Hudson River disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, save and except as may be required by
applicable securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Hudson River Minerals Ltd.
Mr. Stephen Balch
President and CEO
(905) 407-9586
sbalch@hudsonriverminerals.com