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Sunset Cove Mining Announces a Change of Auditor
MONTREAL, QB / ACCESSWIRE / December 11, 2015 / Sunset Cove Mining (TSXV:SSM) announces toda...
About this update from Manganese X Energy Corp.
[{"type":"text","content":"Sunset Cove Mining Announces a Change of AuditorMONTREAL, QB / ACCESSWIRE / December 11, 2015 / Sunset Cove Mining (TSXV:SSM) announces today that it is changing auditors from Morgan LLP of Vancouver, B.C. to Wasserman Ramsay of Markham, ON. The change will be effective for the completion of the audit for the Corporation's 2014 fiscal year by Wasserman Ramsay.\nIn accordance with National Instrument 51-102 (\"NI 51-102\"), Sunset Cove Mining sent a Change of Auditor Notice to Morgan and Wasserman Ramsay on October 28th, 2015 and on October 29th, 2015, Sunset Cove Mining received copies of letters from Morgan and Wasserman Ramsay, respectively addressed to the British Columbia and the Alberta Securities Commissions (the \"Commissions\"), as required by NI 51-102.\nA copy of the Change of Auditor Notice, together with a copy of the letters from each of Morgan and Wasserman Ramsay addressed to the Commissions, will be filed under Sunset's profile on SEDAR and delivered to both Morgan and Wasserman Ramsay, all in compliance with NI 51-102.\nThe management of Sunset Cove has been working on a plan to allow the company to move forward in these challenging times. This plan includes the acquisition of an exploration property, which has been sourced through a Toronto based brokerage firm, which is also interested in financing its development. This is a first step in organizing the finances of the Corporation. Negotiations in this process are on going.\nThe Corporation intends to apply for partial relief from the cease-trade order so as to have the right to issue shares to certain suppliers to the Corporation who have agreed to settle amounts owning to them in this manner and in order to allow for a flow-through financing where the funds shall be held in trust, in order to allow potential investors to benefit from the tax advantages available with such an investment in the current year.\nUntil the Corporation completes the filing of the 2014 Annual Audited Financial Statements and the cease-trade order is lifted, Sunset will comply with the alternative information guidelines set out in National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults for issuers who have failed to comply with a specified continuous disclosure requirement within the times prescribed by applicable securities laws. The guidelines, among other th...