Why now?Resverlogix Announces Change in Fiscal Year-End to December 31 CALGARY, Alberta, March 12, 2021 (GLOBE NEWSWIRE) -- Resverlogix Corp. ("Resverlogix" or the “Company”) (TSX:RVX) today announces that it is changing its fiscal year-end to December 31, from its current fiscal year-end of April 30. The notice for the year-end change required under National Instrument 51-102 has been filed under the Company’s profile at www.sedar.com.
Resverlogix believes this change of year-end will better align the Company's financial reporting periods to that of its peers and will allow investors to more easily compare quarterly and annual financial results.
As a result, Resverlogix will report, in March 2021, audited financial results for a transitional fiscal period for the eight months ended December 31, 2020 with comparative financial statements as at and for the year ended April 30, 2020. Thereafter, the Company will revert to a quarterly reporting calendar based on a December 31st fiscal year-end, with reporting periods ending on the last day of March, June, September, and December each year.
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