TORONTO, ONTARIO — (Marketwire) — 12/12/11 — Cenit Corporation (the “Company”) (TSX VENTURE: CNT) has received a request from the Ontario Securities Commission to revise and refile its unaudited interim financial statements for the three month period ended August 31, 2011 (the “Interim Financial Statements”) to include additional disclosure.
The Interim Financial Statements have been revised to include a statement of changes in equity for the three month period ended August 31, 2010, as required under subsection 4.3(2)(b) of National Instrument 51-102 and under paragraph 20(c) of International Accounting Standard 34 Interim Financial Reporting. There are no changes to the related Management Discussion and Analysis for the three month period ended August 31, 2011.
These changes will not impact the cash flow or cash position of the Company.
The refiled Interim Financial Statements which include the above-noted revisions have been filed with Canadian securities regulators on SEDAR and may be viewed on the Company-s profile at .
Cenit Corporation
Cenit Corporation is a Canadian-based exploration company focused on base metal exploration. The Company-s primary objective is to explore highly prospective base metal projects, particularly copper, in order to meet the increasing global demand. The Company has two key exploration projects; the Coppercorp Project and the Riviere Dore Project in Quebec.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Shares Outstanding: 61,154,269
Neither the 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.
Contacts:
Cenit Corporation
Judy Baker
President & CEO
416.214.9152
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