Astur Gold Announces Change of Year End
18 Abril 2012 - 2:47PM
Marketwired Canada
Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the
"Company") is pleased to announce that it is changing its year end from November
30 to December 31. The reason for the change is that Astur Gold's wholly-owned
Spanish subsidiary, Exploraciones Minera del Cantabrico S.A. ("EMC"), has a year
end of December 31 as required by the laws of Spain. Astur Gold wants to bring
its financial year end in line with that of EMC to simplify accounting and
consolidated company reporting and allow Astur Gold to save both time and money.
Accordingly, Astur Gold's transition year will be the thirteen months ended
December 31, 2012 and its new financial year will be the twelve months ended
December 31, 2013.
The following table sets forth the length and ending date of the periods,
including the comparative periods, of each Interim Financial Report and the
Annual Financial Statements to be filed for Astur Gold's transition year and its
new financial year:
---------------------------------------------------------------------------
Compar-
Compar- Compar- Compar- ative
ative ative ative Interim
Annual Annual Interim Period
Finan- Finan- Period to
cial cial to Interim Interim
State- State- Interim Interim Periods Periods
ments ments Periods Periods for in
to New to New for in New New
Transi- Transi- Finan- Finan- Transi- Transi- Finan- Finan-
tion tion cial cial tion tion cial cial
Year Year Year Year Year Year Year Year
---------------------------------------------------------------------------
13 12 12/31/ 13 4 3 3 4
months months 2013 months months months months months
ended ended ended ended ended ended ended
12/31/ 11/30/ 12/31/ 3/31/ 2/28/ 3/31/ 3/31/
2012 2011 2012 2012 2011 2013 2012
7 6 6 7
months months months months
ended ended ended ended
6/30/ 5/31/ 6/30/ 6/30/
2012 2011 2013 2012
10 9 9 10
months months months months
ended ended ended ended
9/30/ 8/31/ 9/30/ 9/30/
2012 2011 2013 2012
---------------------------------------------------------------------------
The filing deadlines for the Annual Financial Statements and Interim Financial
Reports for Astur Gold's transition year are as follows:
a. Interim - March 31, 2012 - Filing Deadline of June 29, 2012.
b. Interim - June 30, 2012 - Filing Deadline of August 29, 2012.
c. Interim - September 30, 2012 - Filing Deadline of November 29, 2012.
d. Annual - December 31, 2012 - Filing Deadline of April 30, 2013.
ABOUT ASTUR GOLD
Astur Gold is developing its 100% owned Salave Gold Project in Asturias,
northern Spain comprising 3,198 hectares. Salave is one of the largest
undeveloped gold deposits in Western Europe. The Company submitted an
application for an underground mine permit to the government of Asturias in
September 2011. Astur Gold is currently conducting underground mine planning and
an Environmental Impact Assessment. The Company is building a partnership with
the people of Asturias to generate sustainable economic benefits for the region
while balancing the needs of environmental protection and social community
development.
ON BEHALF OF THE BOARD
Cary Pinkowski, Chief Executive Officer and Director
Mineral resources that are not mineral reserves do not have demonstrated
economic viability.
This document contains certain forward looking statements which involve known
and unknown risks, delays and uncertainties not under the Company's control
which may cause actual results, performance or achievements of the Company to be
materially different from the results, performance or expectation implied by
these forward looking statements.
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