Re: more on the cost of auditors
in response to
by
posted on
Mar 06, 2009 03:25AM
Engineering, procurement, construction & management of crude oil refineries.
how about and offiicial update on financials - maybe similar to this one from JUNE ?
Notice of Default
Winfield Resources Limited.
(the “Company”)
This Notice of Default is made pursuant to CSA Staff Notice 57-301 Failing to File
Financial Statements on Time – Management Cease Trade Orders (“57-301”).
The Company provides the following default status information as required:
As disclosed in a Notice of Default dated April 30, 2008, the Company’s filing of its
annual financial statements for the year ended December 31, 2007 and related
Management Discussion and Analysis (“Annual Filings”) will be further delayed for the
reasons outlined in the Notice of Default. Consequently, Winfield’s financial statements
for the three month period ended March 30, 2008 and related Management Discussion
and Analysis (“Interim Filings”) was not filed on May 30, 2008.
The Company advises as follows:
1. The Company was unable to file its audited financial statements for the year
ending December 31, 2007 by the filing deadline of April 29, 2008.
2. The delay in filing such financial statements is caused primarily by time delays in
the Company receiving financial information pertaining to its operations in
Northern Africa.
3. The Company anticipates filing its financial statements by June 29, 2008.
4. The date which is two months after the filing deadline is June 29, 2007; and it is
understood that: (i) the securities commissions may impose an issuer cease trade
order if the financial statements are not filed by that date, and (ii) that an issuer
cease trade order may be imposed sooner if the Company fails to file its Default
Status Reports on time.
5. It is the Company’s intention to satisfy the provisions of Appendix B to 57-301,
and file bi-weekly Default Status Reports, while it remains in default.
6. The Company is not subject to any insolvency proceedings.
7. There is no other material information concerning the affairs of the Company
which has not been generally disclosed.