Springs" or the "Corporation") (TSXV: BSG.H), announces that it has changed its auditors from Lancaster & David, C.P.A, C.A (the "Former Auditors") to Dale Matheson Carr -Hilton LaBonte
BLACK SPRINGS CAPITAL CORP.
918 – 1030 West Georgia St.
Vancouver, BC V6E 2Y3 News Release TSXV: BSG.H
Vancouver, British Columbia--(March 3rd, 2016) - Black Springs Capital Corp. ("Black Springs" or the "Corporation") (TSXV: BSG.H), announces that it has changed its auditors from Lancaster & David, C.P.A, C.A (the "Former Auditors") to Dale Matheson Carr-Hilton LaBonte LLP (the "Successor Auditors") effective February 16, 2015.
At the request of the Company, the Former Auditors resigned as auditors of the Company effective February 16, 2015 and the board of directors of the Company appointed the Successor Auditor as the Company's auditor effective February 16, 2015, 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 Corporation
The Corporation is designated as a Capital Pool Company by the Exchange. The Corporation has not commenced commercial operations and has no assets other than cash. The only business of the Corporation 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.
For further information, please contact Hani Zabaneh, President at:
Suite 1328-885 West Georgia Street, Vancouver, BC Canada V6C 3E8, Tel: 604-288-8968
This news release contains statements about the Corporation's expectations regarding the completion of the Private Placement that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. The forward looking statements contained in this news release are made as of the date hereof, and the Corporation undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
Neither the TSX Venture Exchange nor 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. This news release does not constitute and the subject matter hereof is not, an offer for sale or a solicitation of an offer to buy, in the United States or to any "U.S Person" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "1933 Act")) of any equity or other securities of Black Springs Capital Corp. The securities of Black Springs Capital Corp. have not been registered under the 1933 Act and may not be offered or sold in the United States (or to a U.S. Person) absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act.