Astur Gold Announces Change of Year End
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/18/12 -- Astur Gold Corp. (TSX VENTURE: AST)(FRANKFURT: CDC) ("Astur Gold" or the "Company") is pleased to announce that it is changing its year end from November 30 to December 31. The reason for the change is that Astur Gold's wholly-owned Spanish subsidiary, Exploraciones Minera del Cantabrico S.A. ("EMC"), has a year end of December 31 as required by the laws of Spain. Astur Gold wants to bring its financial year end in line with that of EMC to simplify accounting and consolidated company reporting and allow Astur Gold to save both time and money. Accordingly, Astur Gold's transition year will be the thirteen months ended December 31, 2012 and its new financial year will be the twelve months ended December 31, 2013.
The following table sets forth the length and ending date of the periods, including the comparative periods, of each Interim Financial Report and the Annual Financial Statements to be filed for Astur Gold's transition year and its new financial year:
---------------------------------------------------------------------------
Compar-
Compar- Compar- Compar- ative
ative ative ative Interim
Annual Annual Interim Period
Finan- Finan- Period to
cial cial to Interim Interim
State- State- Interim Interim Periods Periods
ments ments Periods Periods for in
to New to New for in New New
Transi- Transi- Finan- Finan- Transi- Transi- Finan- Finan-
tion tion cial cial tion tion cial cial
Year Year Year Year Year Year Year Year
---------------------------------------------------------------------------
13 12 12/31/ 13 4 3 3 4
months months 2013 months months months months months
ended ended ended ended ended ended ended
12/31/ 11/30/ 12/31/ 3/31/ 2/28/ 3/31/ 3/31/
2012 2011 2012 2012 2011 2013 2012
7 6 6 7
months months months months
ended ended ended ended
6/30/ 5/31/ 6/30/ 6/30/
2012 2011 2013 2012
10 9 9 10
months months months months
ended ended ended ended
9/30/ 8/31/ 9/30/ 9/30/
2012 2011 2013 2012
---------------------------------------------------------------------------
The filing deadlines for the Annual Financial Statements and Interim Financial Reports for Astur Gold's transition year are as follows:
a. Interim - March 31, 2012 - Filing Deadline of June 29, 2012.
b. Interim - June 30, 2012 - Filing Deadline of August 29, 2012.
c. Interim - September 30, 2012 - Filing Deadline of November 29, 2012.
d. Annual - December 31, 2012 - Filing Deadline of April 30, 2013.
ABOUT ASTUR GOLD
Astur Gold is developing its 100% owned Salave Gold Project in Asturias, northern Spain comprising 3,198 hectares. Salave is one of the largest undeveloped gold deposits in Western Europe. The Company submitted an application for an underground mine permit to the government of Asturias in September 2011. Astur Gold is currently conducting underground mine planning and an Environmental Impact Assessment. The Company is building a partnership with the people of Asturias to generate sustainable economic benefits for the region while balancing the needs of environmental protection and social community development.
ON BEHALF OF THE BOARD
Cary Pinkowski, Chief Executive Officer and Director
Mineral resources that are not mineral reserves do not have demonstrated economic viability.
This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements.
Neither 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.
Contacts:
Astur Gold Corporation
Vadim Dubchak
604-694-1600
604-694-1663 (FAX)
info@asturgold.com
www.asturgold.com