03:10:52 EDT Fri 19 Apr 2024
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or Name
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LGC Capital Ltd
Symbol LG
Shares Issued 523,778,982
Close 2019-07-16 C$ 0.09
Market Cap C$ 47,140,108
Recent Sedar Documents

LGC Capital changes financial year-end to Dec. 31

2019-07-16 12:37 ET - News Release

Mr. John McMullen reports

LGC CAPITAL LTD. ANNOUNCES CHANGE IN FINANCIAL YEAR-END

LGC Capital Ltd. has changed its financial year-end to Dec. 31 from its current year-end of Sept. 30. As a result, LGC will file an additional interim report as at Sept. 30, 2019, and will report audited financial results for a 15-month transition year from Oct. 1, 2018, to Dec. 31, 2019 (with a comparative of the 12 months ended Sept. 30, 2018). Afterward, LGC will revert to a customary reporting calendar based on a Dec. 31 year-end, with fiscal quarters ending on the last day of March, June, September and December each year.

LGC believes this change of financial year-end will allow it to complete the audit requirements of its investee companies with greater efficiency and will be useful to consolidate other companies in the future.

The notice for the change in financial year-end required under Regulation 51-102 -- Continuous Disclosure Obligations, will be filed under the company's SEDAR profile.

In addition to investor relations, as announced on May 31, 2019, the company has retained the services of Renmark Financial Communications Inc. to handle its media relations.

"We are pleased to announce that we have selected Renmark's recognized media team to reinforce LGC Capital Ltd.'s profile in the financial media and enhance the visibility of our company. We choose Renmark's media team because its standards and methodologies fit best with the message we wish to communicate to the investing public," commented John McMullen, president.

In consideration of the services to be provided, the monthly fees incurred by LGC Capital will be a cash consideration of up to $3,500, starting June 1, 2019, for a period of six months, ending on Nov. 30, 2019, and monthly thereafter.

Renmark Financial Communications does not have any interest, directly or indirectly, in LGC Capital or its securities, or any right or intent to acquire such an interest.

We seek Safe Harbor.

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