![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
TSXV:LCC | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
During the preparation of Lumina Royalty's consolidated financial statements for the period ended June 30, 2011, it was determined that certain historical costs incurred in October 2008 by Lumina Copper relating to the acquisition of the net smelter royalty on Lumina Copper's Taca Taca property (the "Taca Taca Royalty") had not been separately identified under the continuity of interests basis of accounting. As a result, the Lumina Royalty Business should have recognized the Taca Taca Royalty asset at a carrying value of $849,744 (with an offsetting amount included in the contribution from Lumina Copper) instead of $Nil.
Accordingly, the Amended Carve-Out Statements have been revised as set out below:
--------------------------------------------------------------------------- As previously reported Adjustment Restated --------------------------------------------------------------------------- Consolidated Balance Sheet as at December 31, 2010 (unaudited): Other investments $ 3 $ 849,744 $ 849,747 Contribution from Lumina Copper Corp. 8,713,213 849,744 9,562,957 Consolidated Balance Sheet as at September 30, 2010: Other investments 3 849,744 849,747 Contribution from Lumina Copper Corp. $ 8,655,201 $ 849,744 $ 9,504,945 Consolidated Balance Sheet as at September 30, 2009: Other investments $ 34 $ 849,744 $ 849,778 Contribution from Lumina Copper Corp. 8,480,732 849,744 9,330,476 Consolidated Statement of Cash Flows for the year ended September 30, 2009: Financing activities 1,038,292 849,744 1,888,036 Investing activities $ 582,900 $ (849,744) $ (266,844)
The Amended Carve-Out Statements are available on Lumina Copper and Lumina Royalty's SEDAR profiles at www.sedar.com.
LUMINA COPPER CORP.
Signed: "David Strang"
David Strang, President & CEO
LUMINA ROYALTY CORP.
Signed: "David Strang"
David Strang, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Lumina Copper Corp. and Lumina Royalty Corp. David Strang President & CEO + 604 646 1880 + 604 687 7041 (FAX) dstrang@luminacopper.com www.luminacopper.com
1 Year Chart |
1 Month Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions