Mr. George Fleming reports
VIDWRX INC. FILES AMENDED AND RESTATED Q3 FINANCIAL STATEMENTS
VidWRX Inc. has filed amended and
restated financial statements and management's discussion and analysis
for the period ended Sept. 30, 2015. The third quarter financial statements and management's discussion and analysis have
been amended following completion of a review of these materials by the B.C. Securities
Commission.
Among other changes, the amended and restated Q3 financial statements and MD&A have been revised
to provide additional disclosure on the derivation of non-generally accepted accounting principle financial measures used by the company
and to provide additional comparative disclosure on these measures to previous periods. Additional
disclosure in the MD&A has also been included to reference the company's use of proceeds in previous
financing transactions and to itemize related-party transactions. The materials have also been revised to
clarify certain figures following completion of a review of the Q3 financial statements by the company's
auditor.
The forgoing discussion provides a summary only, and readers are encouraged to review the amended and
restated Q3 financial statements and MD&A in their entirety under the company's profile on SEDAR.
In addition, the company also announces that it has issued a total of 323,449 shares in lieu of cash
compensation to certain consultants (two of whom are also directors) of the company for work completed
in December, 2015. The shares are being issued at a deemed price of six cents per share, being the closing
share price of the company's shares on Dec. 31, 2015. The shares are also subject to a
four-month-and-one-day hold period as required by Canadian securities laws. The compensation
arrangement for the issuance of shares in lieu of cash was approved by the company's shareholders on
Sept. 4, 2015.
We seek Safe Harbor.
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