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Hudson River Minerals Ltd.: Corporate Update

Aug 30 2013 12:00AM

Marketwire

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TORONTO, ONTARIO -- (Marketwired) -- 08/30/13 -- Hudson River Minerals Ltd. ("Hudson River" or the "Company") (TSX VENTURE: HRM) announces today that the Cease Trade Orders previously issued against the Company by the Ontario Securities Commission and the British Columbia Securities Commission have been fully revoked. The Company has made an application to have its shares reinstated to trading on the TSXV and expects trading to resume shortly.

The Company also announces the re-filing of its interim financial unaudited financial statements and related MD&A for the three month period ended March 31, 2013 and for the six month period ended June 30, 2013. In connection with the Company's application to the Ontario Securities Commission and the British Columbia Securities for a full revocation of the cease trade orders issued against the Company, the Ontario Securities Commission conducted a review of the Company's continuous disclosure filings and required the Company to file restated financial statements and MD&A for (a) the three month period ended March 31, 2013 to correct for typographical and addition errors in the comparative figures and expand on the disclosure for other explanatory information which was not provided in the unaudited interim financial statements and corresponding MD&A previously filed; and (b) the six month period ended June 30, 2013 to correct the accounting of the sale of its formerly owned Forge Lake Property and to expand on the disclosure for other explanatory information which was not accounted for and provided in the unaudited interim financial statements and corresponding MD&A previously filed. The restated interim financial statements and corresponding MD&A for the first two quarters of 2013 can be found on the Company's profile at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document may contain forward-looking statements relating to Hudson River's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Hudson River's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Hudson River disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.



Contacts:
Hudson River Minerals Ltd.
Mr. Stephen Balch
President and CEO
(905) 407-9586
sbalch@hudsonriverminerals.com





Source: Marketwire


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