TORONTO, July 22, 2024 /CNW/ - Chesswood Group Limited ("Chesswood") (TSX: CHW) has determined that it will have to prepare and file restated financial statements and management's discussion and analysis ("MD&A") for the three months ended March 31, 2024 as a result of its previously disclosed errors in calculating its borrowing base for purposes of its senior secured revolving credit facility, and the resulting breach of the credit facility, suspension of borrowing capacity and suspension of originations by Pawnee Leasing and Rifco.
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