TORONTO, ONTARIO--(Marketwired - Aug. 8, 2016) - Chesswood Group Limited (the "Company" or "Chesswood") (TSX:CHW) announced today its intention to restate and refile its condensed consolidated interim financial statements and related management's discussion and analysis for the three months ended March 31, 2016, to reflect the understatement of taxes payable related to the recent sale of EcoHome Financial ("EcoHome"). It is expected that the restated financial statements will be filed this week.