Business News • MarketWire • Courtland Capital Inc. Announces the Re-Filing of Audited Financial Statements for the Fiscal Year Ended March 31, 2012 |
Courtland Capital Inc. Announces the Re-Filing of Audited Financial Statements for the Fiscal Year Ended March 31, 2012 |
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Courtland Capital Inc. Announces the Re-Filing of Audited Financial Statements for the Fiscal Year Ended March 31, 2012
CALGARY, ALBERTA--(Marketwired - May 10, 2013) - Courtland Capital Inc. (TSX VENTURE:CTD.H) (the "Corporation") announces that it re-filed its audited financial statements for the fiscal year ended March 31, 2012.
Subsequent to the issue of the Corporation's financial statements for the year ended March 31, 2012 and 2011 (the "Financial Statements"), management determined that the final payment received in 2012 for the 2011 sale of its subsidiary, as described in Note 6 of the Financials Statements, should have been classified in the Statement of Cash Flows as cash from investing rather than cash from operations. Therefore the Financial Statements previously issued have been re-filed in order to amend the Statement of Cash Flows to reflect the appropriate classification.
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