CoinAnalyst Corp. announces its intention to file amended and restated financial statements for the first quarter

Toronto, Ontario–(Newsfile Corp. – July 4, 2022) – CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) (“Company“) announces that the previously issued financial statements for the three-month period ended March 31, 2022 and the corresponding management discussion and analysis will be amended and restated. The amendments and additions to the statement of financial position as of December 31, 2021 will result in an amendment and restatement issuance of financial statements for the period ended March 31, 2022 (“Amended Statements“) and the corresponding Amended and Restated Management’s Discussion and Analysis (together with the Amended Statements, “Restated Documents“).

The amendments to the statement of financial position as of December 31, 2022 will affect certain reporting items in the interim financial statements for the three months ended March 31, 2022. the three-month period ended on March 31, 2022.

The delay in distributing this amended information was a result of a change in auditors and a busy audit season. Additionally, the delay was caused by the full comprehensive review that was undertaken. With this review, a re-analysis of financial results was performed due to a different interpretation of accounting policies, which coincided with the change of the Company’s auditor.

In connection with the submission of the amended documents, the Company will also submit the certificates of the CEO and CFO in accordance with National Instrument 52-109 – Confirmation of disclosure in the issuers’ annual and temporary files.

Until the resubmission of such restated documents and the corresponding certifications of senior officers, investors should not rely on the accuracy of the March 31, 2022 interim financial statements and related management discussion and analysis.

For more information contact:

Andrew Sazama
Chief Operating Officer and Director
Phone: + 49 69 2648485 – 20

Forward-looking statements

This press release contains forward-looking statements regarding the expected filing of the restated documents and certifications of related officers. There can be no assurance that such statements will prove to be accurate and actual results and that future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are the risks detailed from time to time in the Company’s securities regulatory filings. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release and the Company will update or publicly revise any of the forward-looking statements included as expressly required by Canadian securities law.

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