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Horizon North Logistics Inc. Announces Change of Auditor and Adoption of Amended and Restated By-Laws, Including Advance Notice Provisions
Horizon North Logistics Inc. Announces Change of Auditor and Adoption of Amended and Resta...
About this update from Dexterra Group, Inc.
[{"type":"text","content":"\n\n\n\nHorizon North Logistics Inc. Announces Change of Auditor and Adoption of Amended and Restated By-Laws, Including Advance Notice Provisions\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, June 1, 2020\n\n\n\nTORONTO, June 1, 2020 /CNW/ - Horizon North Logistics Inc. (\"Horizon North\" or the \"Corporation\") (TSX: HNL.TO) announced today that at the request of the Corporation, its former auditor, KPMG LLP (\"Former Auditor\"), has resigned effective June 1, 2020 and PricewaterhouseCoopers LLP (\"Successor Auditor\") has been appointed as the successor auditor, effective the same day until the Corporation's next annual meeting of shareholders to be held on July 10, 2020 (the \"Meeting\").  The resignation of the Former Auditor and appointment of the Successor Auditor have been considered and approved by the Corporation's Board of Directors (the \"Board\"). \n\n \n \n \n \n \n \n\n \nIn accordance with 51-102 – Continuous Disclosure Obligations (\"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 Board and filed under Horizon North's profile on SEDAR at www.sedar.com. There were no reportable events, including disagreements, consultations or unresolved issues, within the meaning of NI 51-102. \nAdoption of Amended and Restated By-Laws\nConcurrently, Horizon North announced the adoption by its Board effective June 1, 2020 of the amended and restated by-laws of the Corporation (the \"Amended and Restated By-Laws\"). The Amended and Restated By-Laws were approved to reflect recent developments and shareholder expectations as to good corporate governance. The updates provide the Chair of Board with a casting vote in the event of an equality of votes on any matters to be decided on by the Board and include advance notice provisions (\"Advance Notice Provisions\") setting out a framework for the advance notice of nomination of directors by shareholders of Horizon North. Among other things, the Advance Notice Provisions f...