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Octagon 88 Resources issues corporate update


Published Oct 2, 2013
Octagon 88 Resources, Inc.

OCTX has filed a NT 10K to extend the period allowed for filing its June 30, 2013 annual audited financial statements. Management deemed this appropriate to allow sufficient time for the consolidation of the financial results of its interest in CEC North Star Ltd ('CEC North Star').

CEC North Star is a private Canadian company with significant oil and gas operations reporting under the Alberta Business Incorporations Act, financial reporting requirement, which are not parallel to US GAAP reporting. This required the Company to convert the CEC financial reports into U.S. GAAP for the purposes of the OCTX financial reporting, which required additional time.

Tags: Octagon 88 Resources




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