VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 18, 2013) - Bayfield Ventures Corp. (News - Market indicators)(PINKSHEETS:BYVVF)(FRANKFURT:B4N) announces that as a result of a review by the British Columbia Securities Commission, we are issuing the following press release to clarify our disclosure.
The amended Statements have revised the following:
| (1) |
Comparative disclosure for the six month period ended April 30, 2012 in the Statement of Changes in Equity for the six month period ended April 30, 2013; |
| (2) |
Note 2 - Statement of Compliance and Conversion to International Financial Reporting Standards; |
| (3) |
Note 3 -Significant Accounting Policies relating to new accounting standards and interpretations disclosure; |
| (4) |
Note 10 disclosing the related party transactions for the six month period ended April 30, 2012 relating to share-based compensation in the amount of $136,383; |
| (5) |
Note 11 presenting the non-cash transactions for the six month period ended April 30, 2012 as the Company had inadvertently disclosed the year end information. |
For further information on Bayfield Ventures Corp. (News - Market indicators), visit the Company's web site at www.bayfieldventures.com.
ON BEHALF OF THE BOARD OF DIRECTORS
James G. Pettit, Chairman and CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.