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LeoNovus Inc. Releases Restated Financial Results for 2nd Quarter Ending June 30, 2017 in Preparation for Previously Announced Bought DealOTTAWA, Nov. 21, 2017 /CNW/ - LeoNovus Inc. ("LeoNovus" or the "Company") (TSXV: LTV) today announced its restated operating and financial results for the quarter ended June 30, 2017. The Company's auditors have reviewed the unaudited interim consolidated financial statements. The unaudited interim consolidated financial statements were amended to include additional disclosure, to correct for an error regarding functional currency, to correct the fair value of warrants as a liability, and to include additional subsequent events up to the date of refiling. The additional subsequent event disclosure reflects material information that the Company has previously announced. LeoNovus has also filed updated management's discussion and analysis for the period ended June 30, 2017 to incorporate consequential changes in the unaudited interim consolidated financial statements. About Leonovus This press release may contain forward-looking statements and information, which may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with LeoNovus' growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, LeoNovus disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Further information on LeoNovus' public filings, including its most recent audited consolidated financial statements, are available at www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE LeoNovus Inc. |