Royal Lifescience Corp. Announces Change of Auditor
1780 – 400 Burrard Street Vancouver, British Columbia V6B 3K1
NEWS RELEASE
Royal Lifescience Corp. Announces Change of Auditor
November 25, 2016 TSX Venture Exchange Trading Symbol: RLS.H
Vancouver, BC – Royal Lifescience Corp. (NEX: “RLS.H”) (the "Company") announces that it has changed its auditors from MNP LLP (the "Former Auditors") to BDO Canada LLP (the "Successor Auditors") effective November 14, 2016.
At the request of the Company, the Former Auditors resigned as auditors of the Company effective November 14, 2016 and the board of directors of the Company appointed the Successor Auditor as the Company's auditor effective November 14, 2016, until the next Annual General Meeting of the Company.
There were no reservations in the Former Auditor's reports in connection with the most recently completed fiscal year (2015) or for any period subsequent to the most recently completed period for which an audit report was issued preceding the date of the Former Auditor's resignation. There are no "reportable events" (as that term is defined in National Instrument 51-102 Continuous Disclosure Obligations) between the Company and the Former Auditor.
In accordance with National Instrument 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 audit committee and the board of directors and has been filed on SEDAR.
About the Company
The Company is designated as a Capital Pool Company by the Exchange. The Company has not commenced commercial operations and has no assets other than cash. The only business of the Company is the identification and evaluation of assets or businesses with a view to completing a "Qualifying Transaction" in accordance with Exchange Policy 2.4 - Capital Pool Companies.
On behalf of the Board of Directors
“Minaz Dhanani”
Minaz Dhanani Chief Executive Officer, Chief Financial Officer, Director
For further information please contact:
Minaz Dhanani Telephone: (604) 783-7361
Neither the TSX Venture Exchange not its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.