Copperbank Resources Corp.: Re-Files Interim Financial Statements
20.04.2016 | Accesswire
VANCOUVER, April 20, 2016 - CopperBank Resources Corporation ("CopperBank") (CSE: CBK) announces that it has amended and re-filed its consolidated condensed interim financial statements for the three and nine months ended September 30, 2015 (the "2015 Nine Months Interim Financial Statements") in response to comments from the BCSC.The three main amendments being as follows:
- To add disclosure of the judgment and estimates used by the Company in the determination of the Company's resource properties impairment to the Note 3, significant accounting policies.
- To add more details to Note 6 (a) about the valuation technique and assumptions used to determine the fair value of the Company's resource properties for the year ended December 31, 2014.
- To add more details to Note 6 (a) about the valuation technique and assumptions used to determine the fair value of the Company's resource properties for the period ended September 30, 2015.
There is no change of numbers to the Company's 2015 Nine Months Interim Financial Statements, including the comparative within.
On behalf of CopperBank Resources Corp.
"Gianni Kovacevic"
Executive Chairman
CopperBank Resources Corp.
Address: Suite 1500, 409 Granville Street
Vancouver, BC V6C 1T2
Tel: 604-889-0852
E-mail: gk@copperbankcorp.com
Website: www.copperbankcorp.com
Certain information in this release may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with regulatory approvals and timelines. Although CopperBank believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. For more information on each of CopperBank and the risks and challenges of its businesses, investors should review the information circular dated September 12, 2014 and its other continuous disclosure filings that are available under CopperBank's profile at www.sedar.com.