CASSELMAN, ONTARIO--(Marketwired - Jul 18, 2013) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Golden Moor Inc. ("Golden Moor" or the "Corporation") (CNSX:MUD) announces that it has re-filed its interim financial statements for the three and six month period ending February 28, 2013 (the "Interim Statements") due to a review by the Ontario Securities Commission in connection with the Corporation's financial disclosure. Golden Moor has amended the Interim Statements by decreasing restricted cash by $50,000 and eliminating $50,000 of "exceptional revenue for funds held in trust" which decreases net income and comprehensive income and increases the deficiency in assets by $50,000, respectively. In addition, a note has been added to the Interim Statements to indicate that the Corporation has derecognized certain liabilities and recorded a recovery of unrecognized debts write-off in the amount of $116,191.
Golden Moor Inc.
Golden Moor is a public company whose mission for the past 20 years has been to improve global health with natural products, special equipment and personal services. It has developed over 89 recipes derived from moor mud with uncommonly high humic acid content. In 1994, the Golden Moor brand was officially launched and Golden Moor opened a 5,000 square foot manufacturing plant. In 1998, the Corporation began selling directly to consumers. In 2007, it implemented a full-fledged affiliate program through an online web interface before going public in December, 2010. Most recently, the Company has been working on developing their "BLK Oxygen Spring water" product.
Neither the Canadian National Stock Exchange nor any securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
- Investment & Company Information
- Ontario Securities Commission
President and Chief Executive Officer