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Eastplats Provides Update on Financial Statement Filings, CRM Operations, Summary Financial Information and Outstanding Litigation
Eastplats Provides Update on Financial Statement Filings, CRM Operations, Summary Financia...
About this update from Eastern Platinum Limited
[{"type":"text","content":"\n\n\n\nEastplats Provides Update on Financial Statement Filings, CRM Operations, Summary Financial Information and Outstanding Litigation\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 16, 2017\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/\n\nTrading Symbol: ELR (TSX); EPS (JSE)\n\n\n\nVANCOUVER, May 16, 2017 /CNW/ - Eastern Platinum Limited (\"Eastplats\" or the \"Company\") is pleased to provide this summary update with respect to status of its financial statements and associated filings, operational activities and certain legal proceedings involving the Company. \n\nStatus of Annual Financial Statements and Q1 Interim Financial Statements Filings\n\nAs required by the reporting requirements under the temporary management cease trade order (the \"MCTO\") issued to the Company under National Policy 12-203 (\"NP 12-203\") as discussed in our press release of April 5, 2017, the Company reports that this stage of the investigation into certain transactions entered into by former management of the Company is nearing completion.  The Company anticipates that it will be able to file its 2016 Audited Consolidated Financial Statements and associated filings (\"2016 Annual Filings\") within the next two weeks.\n\nAs a result of the delay in filing its 2016 Annual Filings, the Company will also be delayed in filing its condensed interim consolidated financial statements for the period ended March 31, 2017 and associated Management's Discussion and Analysis (collectively, the \"Q1 Filings\") which were otherwise required to be filed by May 15, 2017.  It is anticipated that the Q1 Filings will be made shortly after the filing of the 2016 Annual Filings. \n\nThe Company reports that, except as otherwise disclosed in the Company's news releases of April 13, May 2, May12, 2017 and this news release, there have been no material changes required to be disclosed under NP 12-203.  The Company confirms there have been no failures by it in fulfilling its stated intenti...