/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO
U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
CALGARY,
AB, Aug. 2, 2024 /CNW/ - Fiddlehead Resources
Corp. ("Fiddlehead" or the "Company") announces that
it has filed amended and restated interim financial statements and
corresponding amended and restated management's discussion and
analysis for the three month period ended March 31, 2024 (the "Amended Financial
Statements") to correct certain errors identified during a review
by the Company's accountants.
The Amended Financial Statements have been restated to disclose
the correct weighted average number of common shares of the Company
on a basic and diluted basis from 10,551,815 to 13,841,757, amend
the years listed in the management's discussion and analysis and
correct the comparative financial information for the three months
ended March 31, 2023. The impact of
the changes to the comparative information in the statement of cash
flows within the Amended Financial Statements is highlighted in the
table below:
|
For the three months
ended
|
|
March 31,
2023
|
|
As
Restated
|
As previously
Reported
|
|
OPERATING
ACTIVITIES
|
$
|
$
|
|
Net Loss
|
(1,779)
|
(32,275)
|
|
|
|
|
Items not affecting
cash:
|
|
|
|
Share-based payments
|
-
|
-
|
|
Changes in non-cash
working capital balances
|
|
|
|
Trade and
other receivables
|
-
|
5,390
|
|
Accounts
payable and accrued liabilities
|
(12,029)
|
659
|
|
Cash flow used in
operating activities
|
(13,808)
|
(26,226)
|
|
|
|
|
Change in cash during
the period
|
(13,808)
|
(26,226)
|
|
Cash, beginning of the
period
|
29,828
|
56,054
|
|
Cash, end of the
period
|
16,020
|
29,828
|
The Amended Financial Statements are available under the
Company's profile on SEDAR+ at www.sedarplus.ca. Each of the
Amended Financial Statements replace and supersede the respective
previously filed original financial statements and corresponding
management's discussion and analysis. Such previously filed
original financial statements and management's discussion and
analyses should be disregarded.
SOURCE Fiddlehead Resources Corp.