Axcap files amended results for 6M ended June 30
2024-11-01 16:23 ET - News Release
Mr. Robert Dubeau reports
AXCAP VENTURES INC. ANNOUNCES FILING OF AMENDED AND RESTATED INTERIM MANAGEMENT DISCUSSION AND ANALYSIS
Axcap Ventures Inc. is issuing this news release to advise its shareholders that the company has been subject to a continuous disclosure review by the British Columbia Securities Commission. In connection therewith, the company has filed amended and restated interim financial statements and management's discussion and analysis (MD&A) for the six-month period ended June 30, 2024, to clarify its disclosure.
Amended and restated interim financial statements and management's discussion and analysis
The company has amended and restated its interim financial statements and management's discussion and analysis for the six-month period ended June 30, 2024, to include the following:
- Additional disclosures and expanded description of the company's business activities in the interim financial statements and MD&A (management's discussion and analysis);
- Additional disclosures to include subsequent events which occurred after June 30, 2024, to date;
- Additional disclosures on the acquisition of PGV Patriot Gold Vault Ltd., as previously announced and described in press release dated Aug. 30, 2024;
- Details on the company's investment portfolio to include fair values of investments and loans made to investees as at June 30, 2024;
- Discussion on the general trends that developed and affecting the company on a quarterly basis;
- Additional information describing related party transactions with respect to fees paid to management and directors.
The company also announces that an amended and restated its interim financial statements and management's discussion and analysis for the nine-month period ended Sept. 30, 2023, was filed on April 29, 2023, to include the following:
Increase loans receivable and respective total assets by $400,000 from an investee of its investment. The cumulative effect of adjustment increased net assets by $400,000 and a respective gain in the fair value of equity investments. A detailed description of the adjustment is described in Note 16 to the interim financial statements for the nine months ended Sept. 30, 2023.
The amended and restated MD&A and interim financial statements have been filed under the company's issuer profile on SEDAR+.
About Green Bridge Metals Corp.
The company is an investment company whose primary objective is to identify promising companies with excellent projects, innovative technologies or both, using management's extensive experience in deal sourcing and capital combination to maximize returns for the company's shareholders. The company will invest its funds with the aim of generating returns from capital appreciation and investment income. It intends to accomplish these goals through the identification of and investment in securities of private and publicly listed entities across a wide range of sectors and industry areas, including but not limited to the mineral exploration, technology, software development and biotechnology industries.
We seek Safe Harbor.