Business News • MarketWire • Everclear Capital Early Adopts International Financial Reporting Standards |
Everclear Capital Early Adopts International Financial Reporting Standards |
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Everclear Capital Early Adopts International Financial Reporting Standards
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 14, 2010) - Everclear Capital Ltd. (TSX VENTURE:EVA.P) ("Everclear" or the "Company") announces that its application to early adopt International Financial Reporting Standards ("IFRS") under National Instrument 52-107 has been approved by the applicable Canadian Securities Administrators. The Company has chosen to early adopt IFRS and will commence reporting under these standards for the period beginning May 1, 2009, with a May 1, 2008 date of transition (the "Transition Date"). Comparative periods for fiscal year ending April 30, 2009 will also be restated under IFRS.
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