TORONTO, July 29, 2019 (GLOBE NEWSWIRE) — Captor Capital Corp. (CSE: CPTR) (OTCQX:CPTRF) (“Captor” or the “Company”) reports that it expects to be late in filing its audited financial statements and management’s discussion and analysis for the year ended March 31, 2019 (the “Annual Financial Filings”). Although the Company’s audit is progressing to completion, the Company’s auditors are still reviewing the application of certain accounting standards with respect to the treatment of its investments. The Company was informed on July 26, 2019 that this issue will result in a delay in completing the audit. The issue in contention is related to the accounting for the investee companies and do not impact the actual revenues and cash flows of the investee companies. Captor has been working diligently with its auditors to seek a resolution to permit the audit to be completed as quickly as possible. Until resolution is reached, it will not be possible to complete the audit of the 2019 annual financial statements.
Captor Capital to Delay Filing of Financial Statements for the Year Ended March 31, 2019