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Wildcat Exploration reconfirms appointment of PricewaterhouseCoopers as auditor
Wildcat Exploration reconfirms appointment of PricewaterhouseCoopers as auditor.
About this update from Fuse Battery Metals Inc
[{"type":"text","content":"\n\n\n\nTSX-V Trade Symbol: WEL\n\n\nWINNIPEG, Jan. 29 /CNW/ - Wildcat Exploration Ltd. (the \"Company\")\nannounced today that it has reconfirmed the continued appointment of\nPricewaterhouseCoopers (into which the Company's prior auditor, Staley, Okada\n& Partners, Chartered Accountants, merged its practice during the past year)\n(\"PWC\") as the properly appointed auditor of the Company.\n\n\nOn October 27, 2006, without the authority of the board of directors of\nthe Company, the former President and CEO of the Company, Shlomo (Sol) Prizant\nprepared and caused to be filed on SEDAR a Notice of Change of Auditors\npurporting to change the auditor of the Company from PWC to Danziger &\nHochman, Chartered Accountants.\n\n\nSince Mr. Prizant did not have the authority to make this purported\nchange, the Company is confirming the continuing appointment of PWC as the\nrightful auditor.\n\n\nIt is the Company's position that Danziger & Hochman were never duly\nappointed to act as auditor of the Company. The Company is filing documents on\nSEDAR today to provide evidence of this.\n\n\nAs a result of this, and other conduct of Mr. Prizant, the board relieved\nhim of his duties as President and CEO on January 8, 2007 and terminated his\nconsulting agreement on January 26, 2007. Mr. Prizant's consulting agreement\nrequires that upon termination, Mr. Prizant immediately resign as a director\nof the Company.\n\n\nSince being relieved of his duties as President and CEO, Mr. Prizant and\nYes Forex Inc., together representing not less than 5% of the outstanding\ncommon shares of the Company, have requisitioned a meeting of the shareholders\nof the Company for the purpose of removing all of the existing directors of\nthe Company and electing new directors of the Company.\n\n\nThe board of directors has referred the requisition to the Executive\nCommittee of the board for consideration.\n\n\nThe Company is currently conducting a review of Mr. Prizant's conduct\nduring his time and tenure as President and CEO and will report to the\nshareholders at the conclusion of that investigation.\n\n\nAbout Wildcat Exploration Ltd.\n\n\nWildcat is a Winnipeg-based mineral exploration company actively\nexploring for gold and base metals in Canada. For further information on the\ncompany please visit our website at www.wildcat.ca or contact us ...