The Board of Directors of SolGold (LSE & TSX: SOLG) wishes to announce that as part of the regulatory materials required for the proposed merger with Cornerstone, the Company is required to refile its Annual Financial Statements for the year ended 30 June 2022 ("Annual Financial Statements"), with amended auditor's opinions as well as reviewed unaudited interim condensed consolidated financial statements for the three months ended 30 September 2022 ("Q1 FY2023 Financials"). The following changes were made from the previously filed versions:
Changes to the Audit Opinions:
· PwC audit opinion as at 30 June 2022 over the Annual Financial Statements published on SEDAR - Inclusion of an Other matter paragraph to explain that as part of their audit of the Annual Financial Statements for the year ended 30 June 2022, PwC also audited the adjustments described in Note 1 that were applied to restate the consolidated financial statements for the year ended 30 June 2021. No changes have been made to the Annual Report filed with the London Stock Exchange.
· BDO audit opinion as at 30 June 2021 over the Annual Financial Statements published on SEDAR - explanation that as part of their audit of the Annual Financial Statements for the year ended 30 June 2021, BDO has not been engaged to audit the adjustments described in Note 1 that were applied to restate the Annual Financial Statements for the year ended 30 June 2021.
Changes following review of the Q1 FY2023 Financials:
· Amendment of minor casting errors;
· Amendment to the wording of the accounting policies detailed in Note 1;
· Update to the Going Concern statement in Note 1 to reflect the most up to date Going Concern assessment at the date of refiling, 7 December 2022;
· Other wording changes to Notes 1 and 10 to the financial statements;
· Correction to the number of ordinary shares in issue from 2,295,751,871 to 2,295,152,615, and;
· Additional disclosure in the subsequent events note to reflect events since the previous publication, in line with the latest announcements since 14 November 2022 until the date of this refiling.
The related documents are available in Canada on SEDAR and on the Investor Centre page of the Company's website: www.solgold.com.au.
This announcement was approved for release by Rufus Gandhi - Company Secretary.
CONTACTS
Rufus Gandhi
SolGold Plc (Company Secretary) |
