July 25, 2005-- Toronto, Ontario --Vena Resources Inc. (TSX.V: VEM & BVL:VEM) announced that it has today filed restated Management & Discussion and Analysis (“MD&A”) for the quarter ended December 31, 2004 and the six month period ended March 31, 2005. The re-filing of the MD&A’s for the subject periods does not change the financial statements filed by the Company for such periods.
The re-filing of the MD&A’s was undertaken at the request of the Ontario Securities Commission (the “OSC”) after completion by the OSC of a continuous disclosure review of the Company’s filings. The restated MD&A’s more fully comply with the requirements of Form 51-102F1 including increased discussion and clarification of the acquisition of Compania Las Dunas De Oro S.A.C. and Vena Resources (2004) Inc., the Company’s operations and the Company’s liquidity and capital resources. Related party transactions and changes in accounting policies are also discussed.
For further information please visit the Company website at www.venaresources.com or contact one of the following:
Bryce Bradley, Corporate Development (416) 666-0519 -- email bbradley@venaresources.com Denis Clement, Director (416) 364-1909 -- email dclement@venaresources.com
The TSX Venture Exchange does not accept the responsibility for the adequacy or accuracy of this release.
Statements in this press release regarding the Company’s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
|