Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BRIEF-Katanga Mining announces independent directors' review and restatement of certain financial statements

Published 2017-07-31, 09:17 a/m
BRIEF-Katanga Mining announces independent directors' review and restatement of certain financial statements
HG
-
KAT
-

July 31 (Reuters) - Katanga Mining Ltd KAT.TO

* Katanga Mining announces independent directors' review and restatement of certain financial statements

* Katanga Mining Ltd - has established a blackout on trading by directors, officers and other insiders of Katanga

* Katanga Mining-independent directors concluded certain financial statements and related management's discussion & analysis will likely require restatement

* Katanga Mining Ltd - review relating to historical accounting is not expected to affect anticipated timing for commissioning of wol project

* Katanga Mining-review expected to cause filing of unaudited interim financial statements for 3 & 6 months ended June 30 to be delayed beyond Aug 14 deadline

* Katanga Mining-intends to continue blackout on trading by directors, officers of co until Q2 filings, restated financial statements have been filed

* Katanga Mining-review related to accounting relating to production of copper cathode among others, which may impact valuation of inventories & property

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.