SAMEX Mining Corp.: First Quarter Financial Statements to March 31, 2011 Amended and Re-Filed
24 August 2011 - 9:22PM
Marketwired
SAMEX Mining Corp. ("the Company") (TSX VENTURE: SXG)(OTCBB: SMXMF)
has re-filed amended and restated first quarter financial
statements for the period ended March 31, 2011 on SEDAR in response
to a review by the British Columbia Securities Commission ("the
BCSC") relating to the transition to International Financial
Reporting Standards ("IFRS").
The BCSC reviewed the Company's interim financial statements to
March 31, 2011 (originally filed on SEDAR on June 29, 2011) which
were the Company's first interim financial statements reported
under IFRS. The Company adopted IFRS in its financial statements
pursuant to the Accounting Standards Board of Canada's decision to
adopt International Financial Reporting Standards for publicly
accountable entities for financial reporting periods beginning on
or after January 1, 2011.
Pursuant to the BCSC's review and comments concerning IFRS, the
Company amended its financial statements to include a statement of
changes in equity for the interim period ended March 31, 2010; a
reconciliation of shareholder's equity at March 31, 2010, and a
reconciliation of comprehensive loss for the year ended December
31, 2010. The financial statements were also amended and restated
in relation to foreign currency translation and in the note to the
financial statements concerning "Transition to IFRS" and "Notes to
reconciliations". The management discussion and analysis
("MD&A") was also amended in conjunction with the revisions
made in the financial statements.
Amended and re-stated financial statements and MD&A
reflecting the foregoing changes are available for review at
www.SEDAR.com.
Larry McLean, Vice President - Operations & CFO
The TSX Venture Exchange has neither approved nor disapproved of
the information contained herein.
Contacts: SAMEX Mining Corp. Larry McLean Vice President -
Operations & CFO (604) 870-9920 or Toll Free: 1-800-828-1488
(604) 870-9930 (FAX) 2samex@samex.com www.samex.com
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