Tanzanian Royalty Exploration Corporation (TSX: TNX; NYSE-Amex: TRX) (the “ Company”) announced that as a result of a review by the British Columbia Securities Commission, it has filed amended and restated MD&A for the period ended May 31, 2011 to include additional disclosure required by applicable regulatory requirements, and is issuing this press release to clarify the Company’s disclosure.
The amended MD&A (available at www.sedar.com) now includes a discussion of the Company’s analysis of current quarter and year-to-date results including a comparison of results of operations and cash flows to the corresponding periods in the previous year, additional related party disclosure, discussion of significant quarterly fluctuations, additional information relating to a subsequent event note and relating to prior financings, additional information regarding internal control over financial reporting and disclosure controls and procedures, an exploration summary for the Luhala property, information concerning the Company’s changeover plan for IFRS and a related risk factor, and a revised cautionary note regarding forward-looking statements.
The additional disclosure does not impact the unaudited interim consolidated financial statements of the Company for the nine months ended May 31, 2011 and 2010 previously filed.
|“Steve Van Tongeren”|
|Steve van Tongeren, Chief Financial Officer|
For further information, please contact Investor Relations at 1-800-811-3855 or visit our website: www.TanzanianRoyalty.comThe Toronto Stock Exchange and NYSE Amex Equities have not reviewed and do not accept responsibility for the adequacy or accuracy of this release. This news release contains certain forward-looking statements and forward-looking information. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time-to-time with the British Columbia, Alberta and Ontario provincial securities regulatory authorities.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV