Business
Blocklisting Application and Change of Auditor
Calgary, Alberta--(Newsfile Corp. - November 7, 2022) - Arrow Exploration Corp. (AIM: AXL) (TS...
About this update from Arrow Exploration Corp.
[{"type":"text","content":"Blocklisting Application and Change of AuditorCalgary, Alberta--(Newsfile Corp. - November 7, 2022) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) (\"Arrow\" or the \"Company\"), the oil and gas exploration and production company with key interests in basins in Colombia and Canada, announces that an application has been made to the London Stock Exchange for a block listing of securities in respect of 40,000,000 Common Shares (the \"New Common Shares\") to be admitted to trading on AIM. It is expected that admission will become effective on or around November 8, 2022.The New Common Shares will be issued when necessary, in order to satisfy the issue of shares pursuant to the exercise of warrants issued in the capital raising in October 2021. When issued, the New Common Shares will be credited as fully paid and will rank pari passu in all respects with the existing Common Shares in the capital of the Company (\"Common Shares\").Change of AuditorThe Company also announces that it has changed its auditors from Deloitte LLP (\"Former Auditor\") to Ernst & Young LLP (\"Successor Auditor\") effective October 31, 2022. At the request of the Company, the Former Auditor resigned as the auditor of the Company effective October 31, 2022 and the Company's board of directors, on the recommendation of its Audit Committee, appointed the Successor Auditor as the Company's auditor effective October 31, 2022, until the next annual or special meeting of the Company's shareholders.There were no reservations in the Former Auditor's audit reports for any financial period during which the Former Auditor was the Company's auditor. There are no \"reportable events\" (as the term is defined in National Instrument 51-102 - Continuous Disclosure Obligations (\"NI 51-102\")) between the Company and the Former Auditor.In accordance with NI 51-102, the notice of change of auditor, together with the required letters from the Former Auditor and the Successor Auditor, have been reviewed by the Company's Audit Committee and filed on SEDAR.For further Information, contact:Arrow ExplorationMarshall Abbott, CEO+1 403 651 5995Joe McFarlane, CFO+1 403 818 1033Brookline Public Relations, Inc.Shauna MacDonald+1 403 538 5645Canaccord Genuity (Nominated Advisor and Joint Broker)Henry Fitzgerald-O'ConnorGordon Hamilton+44 (0)20 7523 8000Auctus Advisors (Joint Broker)Jo...