GREY:AVGCF - Post by User
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mtsuiton Jun 02, 2011 10:32am
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Post# 18661654
WOW: Avion Gold Re-Files March 31, 2011 Interim Fi
WOW: Avion Gold Re-Files March 31, 2011 Interim FiTORONTO, ONTARIO--(Marketwire - June 2, 2011) - Avion Gold Corporation ("Avion" or the"Company") announced today that upon subsequent review of the financialstatements for the quarter ended March 31, 2011, management hasdetermined that there was a calculation error in accrued gold revenue. Theimpact of the error resulted in the understatement of gold revenues by$4,293,500 anda corresponding understatement in earnings for the quarter and EPS. Afteradjusting for the accounting error, the Company had earnings of $12,564,705 and earnings pershare of
.03.