Royal Road Minerals Refiles Q3 2018 Financial Statements and MD&A
TSX VENTURE: RYR
Toronto, Ontario--(Newsfile Corp. - December 13, 2018) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road Minerals" or the "Company"), a gold and copper focused mineral exploration and development company, has amended and refiled the condensed unaudited interim consolidated financial statements of the Company and related management's discussion and analysis ("MD&A") for the three and nine month periods ended September 30, 2018 and originally filed on November 28, 2018. In the originally filed financial statements and MD&A, an intercompany loan was included in the final consolidated accounts that should have been eliminated on consolidation. This had the effect of overstating the Company's current liabilities. This error has been removed in the revised accounts and related MD&A.
The refiling was made voluntarily once the error was discovered by the Company. The refiled documents are available on SEDAR at www.sedar.com and on the Company's website at www.royalroadminerals.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain information that constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur and include statements regarding the use of proceeds from the private placement transactions. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in financing transactions, exploration and development of mineral properties, the hiring and retention of directors and officers, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, permitting and licensing and other factors described above and in the Company's most recent annual information form under the heading "Risk Factors", which has been filed electronically by means of the Canadian Securities Administrators' website located at www.sedar.com. The Company disclaims any obligation to update or revise any forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
For further information please contact:
Dr. Tim Coughlin
President and Chief Executive Officer
USA-Canada toll free 1800 6389205
+44 (0)1534 887166
+44 (0)7797 742800