This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tanzanian Royalty Files Amended And Restated MD&A For Period Ended May 31, 2011

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.

Respectfully submitted,

“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.com

The 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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs