Pathfinder Ventures Reports Third Quarter 2021 (Pre-RTO) Financial Results for Pacific Frontier Investment
Three months ended September 30, 2021 Highlights of the version:
(All figures are in Canadian dollars)
VANCOUVER, BC, November 29, 2021 / CNW / – Pathfinder Ventures Inc. (TSXV: RV) (the “Company”, “RV” or “Pathfinder”) is pleased to announce that it has filed on SEDAR the unaudited consolidated financial statements and MD&A of its newly acquired operating subsidiary , Pacific Frontier Investment Inc. (PFI “), for the three and nine month periods (before the acquisition) ended September 30, 2021 and 2020. These consolidated financial statements and MD&A relate to PFI for the period immediately preceding the completion of the reverse takeover of the Company by PFI on October 14, 2021.
The consolidated financial statements and the MD&A can be viewed at www.sedar.com. The financial information provided herein should be read in conjunction with, and qualified by, the additional information and information contained in the consolidated financial statements, including the accompanying notes, and the management report.
Sir. Joe bleackley, CEO, Founder and Director of Pathfinder, commented, “We are proud to report our third quarter 2021 results which include revenues from our third acquisition and the improved location of Pathfinder Camp Resort which opened in late July. The whole of 2021 is a planned investment period during which we make key investments in the team and infrastructure to lay the foundation for our future growth as Pathfinder Camp Resorts. “
Non-IFRS financial measures
The discussion of consolidated financial results in this press release includes references to “Adjusted EBITDA” (earnings before interest, taxes, depreciation and amortization), which is a non-IFRS performance measure. The Company presents these measures to provide additional information regarding the financial results and performance of the Company. Please refer to the Company’s MD&A for the three and nine month periods ended September 30, 2021 and 2020 for a reconciliation of these measures to the IFRS results presented.
About Pathfinder Ventures
Pathfinder Ventures Inc. is developing a network of premium branded, family-friendly RV parks and campgrounds under the name “Pathfinder Camp Resorts”. Pathfinder currently has three resorts located in British Columbia and is focused on growing its network through acquisitions and new construction. The Company benefits from the rapidly growing market for Canadians who want to experience the outdoors in an RV.
On behalf of the Board of Directors of the Company:
Chairman and CEO, founder and director
Pathfinder Ventures Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained in this document.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities of the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any state securities law and may not be offered. or sold in the United States or to persons in the United States unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
Caution regarding forward-looking information
This press release contains forward-looking statements relating to the future operations of the Company and other statements which are not historical facts. Forward-looking statements are often identified by words such as “will”, “may”, “should”, “anticipate”, “expect” and similar expressions. All statements other than statements of historical fact included in this press release, including, without limitation, statements regarding the future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and that actual results and future events could differ materially from those anticipated in such statements. Significant factors that could cause actual results to differ materially from the Company’s expectations include the risks detailed from time to time in documents filed by the Company with securities regulations.
The reader is cautioned that the assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those expected, due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on forward-looking information. This information, although considered reasonable by management at the time of its preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company assumes no obligation to publicly update or revise any forward-looking statements contained or incorporated in this press release.
In the case of RV, this press release includes certain “forward-looking statements” that are unique to RV and do not consist of historical facts. Forward-looking statements include estimates and statements that describe RV’s future plans, objectives or goals, including words indicating that RV or its management expects a condition or reported result to occur. Forward-looking statements may be identified by words such as “believes”, “anticipates”, “expects”, “estimates”, “could”, “could”, “could”, “will” or “will”. Because forward-looking statements are based on assumptions and deal with future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to RV, RV does not provide any assurance that actual results will meet management’s expectations. The risks, uncertainties and other factors involved in forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information contained in this press release includes, but is not limited to, RV’s objectives, goals or future plans, statements, projected income and earnings, and anticipated future growth in new markets. Factors that could cause actual results to differ materially from this forward-looking information include, but are not limited to, the RV’s ability to successfully execute its development strategy and whether this will produce the expected benefits; competitive factors in the RV industry sector; the success or failure of product development programs; current laws and regulations or future applicable laws and regulations that may affect RV’s business; the decisions of the regulatory authorities and their timetable; Risks related to Covid-19, availability of goods; the economic circumstances surrounding the RV business, including general economic conditions in Canada, in the United States and around the world; changes in exchange rates; changes in the stock market; inflation; uncertainties about the availability and costs of necessary funding in the future; and other risks disclosed in the filing statement or other disclosure document prepared and provided on sedar. Although RV believes that the assumptions and factors used in preparing the forward-looking information in this press release are reasonable, you should not place undue reliance on such information, which only applies as of the date of this press release. press, and no assurance can be given as such events will occur within the disclosed timeframe or not at all. RV disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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SOURCE Pathfinder Ventures Inc.
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