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Peace Arch Delays Q2 Filing

15 Apr, 2009 By: Erik Gruenwedel

Peace Arch Entertainment Group April 14 said it would not report second-quarter (ended Feb. 28) earnings due to ongoing internal re-evaluation of fiscal-2006 and fiscal-2007 consolidated financial statements.

The Toronto-based packaged-media distributor, which has yet to file first-quarter results (ended Nov. 30, 2008), said it was reviewing investment and accounting of 13 movie titles during fiscal 2006.

Since Dec. 18, 2009, the Ontario Securities Commission has placed a halt on trading of the company’s shares.

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