Mr. Colin Watt reports
LYNDEN ENERGY FILES RESTATED FINANCIAL STATEMENTS AND MD&A FOR THE PERIOD ENDED JUNE 30, 2014
Lynden Energy Corp. has restated and refiled with applicable Canadian securities regulators its audited consolidated financial statements and related management's discussion and analysis for the year ended June 30, 2014. Subsequent to the issuance of the consolidated financial statements for that period, management identified an error with regard to the tax bases used in the calculation of its deferred income tax expense for the years ended June 30, 2014, and June 30, 2013. The correction of the error results in a decrease in deferred tax expense in the year ended June 30, 2014, of $1,673,866 and a corresponding increase in the deferred tax expense in the year ended June 30, 2013. The deferred tax liabilities at June 30, 2013, increased by $1,673,866 to $4,541,893. There was no change to the consolidated statement of financial position at June 30, 2014, and there is no impact on cash flows for the years presented. The amended and restated consolidated financial statements and related management's discussion and analysis for the year ended June 30, 2014, are available under Lynden Energy's profile on the SEDAR website.
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