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Alchemist restates Q1 2023 net loss to $240,423

2022-11-24 19:45 ET - News Release

Mr. Eric Boehnke reports

ALCHEMIST FILES AMENDED AND RESTATED FINANCIAL STATEMENTS AND MANAGEMENT'S DISCUSSION AND ANALYSIS FOR JULY 31, 2022

Alchemist Mining Inc. has determined that the company needs to file amended and restated financial statements and management's discussion and analysis for the three months ended July 31, 2022. In the course of the company's auditor conducting a review of the company's interim financial statements for the three months ended July 31, 2022, it was determined that the net loss of the company for the three months ended July 31, 2022, should be restated from $170,504 to $240,423 largely due to the loss on settlement of convertible debt. The net loss per share for the three months ended July 31, 2022, remained unchanged. Total assets increased from $237,848 to $280,110 due to the increase in prepaids. Accordingly, the unaudited interim financial statements and related management discussion and analysis for this period have been amended and restated. The company has filed the amended and restated financial statements and management's discussion and analysis for the three months ended July 31, 2022, and the corresponding refiled certifications on SEDAR.

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