RAP Acquisition Corp. to restate certain financial information
31 October 2011 - 9:44AM
PR Newswire (Canada)
TORONTO, Nov. 1, 2011 /CNW/ - RAP Acquisition Corp. ("RAP" NEX:
RAP.H) has filed restated unaudited interim financial statements
for the period ended June 30, 2011 for the correction of an
error. Subsequent to the filing of the unaudited interim
financial statements for the period ended June 30, 2011, it was
determined that a non-refundable deposit of CDN $50,000 was due to
Ferrum Americas Mining Inc. as at June 30, 2011. The restated
unaudited interim financial statements reflect an increase in
current assets and an increase in current liabilities of USD
$51,840. Notice on forward-looking statements: This release
includes forward-looking statements regarding RAP, Ferrum Americas
and their respective businesses. Such statements are based on
the current expectations of the management of each entity. The
forward-looking events and circumstances discussed in this release,
including completion of the Proposed Transaction, may not occur and
could differ materially as a result of known and unknown risk
factors and uncertainties affecting the companies, including risks
regarding the mining industry, economic factors and the equity
markets generally. No forward-looking statement can be
guaranteed. Except as required by applicable securities laws,
forward-looking statements speak only as of the date on which they
are made and RAP and Ferrum Americas undertake no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events, or otherwise. Neither
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release. RAP Acquisition Corp. CONTACT: Ronald Schmeichel, Director
of RAP Acquisition Corp. at416-972-6574
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