TORONTO, ONTARIO--(Marketwired - Nov. 20, 2014) - The Intertain Group Limited ("Intertain" or the "Company") (TSX:IT) proudly announces today that in further support of Intertain's acquisition strategy going forward, both senior management and the members of the Board have exercised all Intertain warrants held.
The Company also provides correction to its press release titled "Intertain Group Limited Announces 2014 Third Quarter Financial Results Adjusted EBITDA up 50% Over Q2" which was distributed on November 12, 2014. Interest accretion was inadvertently added back twice to calculate adjusted EBITDA figures in the Q3 MD&A and the error, which is deemed to be immaterial, was overlooked both by management and Intertain's auditors reviewing the MD&A. There are no resulting corrections to either the financial statements or adjusted net income per share.
Intertain Announces Warrant Exercise by Officers and Directors and Provides Correction to 2014 Third Quarter Financial Results
