Baltic Re-Files Financial Statements
January 30 2008 - 6:16PM
Marketwired
TORONTO, ONTARIO (TSX VENTURE: BLR) announces that as a result
of auditor review (the "Review") of the Company's Interim
Consolidated Financial Statements, it has restated and re-filed its
Interim Consolidated Financial Statements (the "Statements") and
Management's Discussion and Analysis ("MD&A") for the three and
nine months ended September 30, 2007.
The Review was completed in connection with the inclusion of the
Statements in the Company's Information Circular to be distributed
to shareholders of the Company for its upcoming Special
Meeting.
As a result of the Review, the Company has increased its cash
and accounts receivable positions, with a corresponding decrease to
mining interests, to account for funding allocated to its Webequie
joint venture partner that was not expended as at September 30,
2007. Also, the Company's future income tax liability was decreased
to account for losses incurred during the quarter ended September
30, 2007. Additional details regarding this re-filing may be found
in the Company's Statements and MD&A, accessed by visiting the
SEDAR website at www.sedar.com.
Contacts: Baltic Resources Inc. Don McKinnon President and CEO
(705) 268-9000 Baltic Resources Inc. Gordon McKinnon Manager
Corporate Development (705) 268-9000 (705) 268-5532 (FAX) Website:
www.balticresources.ca
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