china coal corp (CKO:Venture)
china coal corp (CKO) Snapshot
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China Coal Corporation, a development stage company, engages in identifying, acquiring, and developing coal mines in the People’s Republic of China. The company holds interests in a coal bed methane property covering a net area of approximately 1,941 square kilometers in the eastern Dananhu Coalfield, Hami Prefecture, Xinjiang Province. It also has an agreement to acquire a 60% interest in the Mei Feng coal mine located west of Urumqi, Xinjiang. The company is headquartered in Calgary, Canada.
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china coal corp (CKO) Key Developments
In accordance with TSX Venture Policy 2.5, China Coal Corporation has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on, February 4, 2013, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Calgary to NEX. As of February 4, 2013, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
China Coal Corporation Presents at Standard Chartered’s 2nd Annual Earth’s Resources Conference, Jun-20-2012 05:00 PM. Venue: JW Marriott Hotel, Hong Kong Pacific Place, 88 Queensway, Hong Kong. Speakers: Zhou Dongzhou, Company Secretary.
China Coal Corporation restated earnings results for the second quarter and six months ended December 31, 2011. The company announced clerical errors were inadvertently made on the exchange on translation on the statements of loss and comprehensive loss for the three and six months ended December 31, 2011. The exchange loss on translation for the three months ended December 31, 2011 that should have been stated as loss of $23,746 was mistakenly stated as a gain of $573,982 due to arithmetic errors in the working papers. Although these were reviewed by management, the audit committee, and its auditors, the errors were not noticed. The company regards this as simple human error. The total comprehensive losses for the three and six months ended December 31, 2011, that should have been stated as $240,614 and $132,153, were thus mistakenly overstated at $790,850 and $682,389, respectively. The total comprehensive loss for the six months ended December 31, 2011 was $132,153, which was the net loss of $407,271 for the six months adjusted for an exchange gain on translation of $275,118.
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To contact CHINA COAL CORP, please visit www.chinacoalcorporation.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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