AROWAY ENERGY INC. (TSX VENTURE:ARW) (PINKSHEETS:ARWJF) (www.arowayenergy.com) (the "Company") is pleased to announce it has filed on SEDAR its interim financial statements and related management discussion and analysis ("MD&A") for the three months ended September 30, 2011. Selected financial and operational information is outlined below and should be read in conjunction with the financial statements and related MD&A which are available for review on SEDAR.
The Company notes that the three month period ended September 30, 2011, is the first interim period for which the Company has prepared its financial statements under International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board. Prior year comparative amounts have been restated to reflect results as if the Company has always prepared its financial results using IFRS.
Subsequent Events
The Company is pleased to announce that subsequent to September 30, 2011, the Company issued 7,515,901 common shares for total proceeds of $3,623,758 upon exercise of 7,515,901 share purchase warrants.
The Company further announces that it has granted a total of 2,400,000 options to purchase capital stock of the Company at a price of $0.75 for a period of five years to a Directors and officers of the Company.
Source: Marketwire
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