Halmont Properties Corporation Restatement of Second Quarter MD&A

TORONTO, Dec. 11, 2024 (GLOBE NEWSWIRE) — HALMONT PROPERTIES CORPORATION (TSX-V: HMT) (“Halmont” or the “Company”) announced today a restatement of its Management’s Discussion & Analysis (“MD&A”) for the second quarter ended June 30, 2024. As a result of a review by the BC Securities Commission, we are issuing the following press release to clarify our disclosures. In alignment with this update, certain modifications have also been made to the financial statements and related notes. Importantly, these changes have no impact on any previously reported financial figures.

The updates were made to ensure that the financial statements, MD&A, and accompanying notes are consistent with each other and meet all relevant disclosure requirements. These adjustments do not alter the Company’s reported revenue, net income, earnings per share, or any other financial results.

The updated MD&A and financial statements have been filed on SEDAR+.

Halmont Properties Corporation invests directly in real assets including commercial, forest, and residential properties.

This news release includes certain forward-looking statements including management’s assessment of the Company’s future plans and operations based on current views and expectations. All statements other than statements of historic facts are forward-looking statements. These statements contain substantial known and unknown risks and uncertainties, some of which are beyond the Company’s control. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements. Readers should not place undue reliance on these forward-looking statements which represent estimates and assumptions only as of the date on which such statements are made. The Company undertakes no obligation to publicly revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.

For additional information:
Heather M. Fitzpatrick
President
T: 647-448-7147