Archer Announces Change of Auditor
Archer Announces Change of Auditor
VANCOUVER, BC, June 22, 2023 – Archer Exploration Corp. (CSE: RCHR ) (the “Company” or “Archer Exploration”)
is pleased to announce that it has changed its auditor from De Visser Gray LLP (the “Former Auditor”) to BDO Canada
LLP (the “Successor Auditor”) effective June 20, 2023 (the “Effective Date”).
At the request of the Company, the Former Auditor resigned as auditor of the Company on the Effective Date and
the Board of Directors of the Company appointed the Successor Auditor as the Company's auditor effective as of the
Effective Date to hold office until the next annual meeting of the shareholders of the Company.
There have been no reservations or modified opinions in the reports of the Former Auditor on the Company’s
financial statements relating to the period during which the Former Auditor was the Company’s auditor nor have
there been any “ reportable events ” for disagreements or consultations (as those terms are defined in N ational
Instrument 51-102 Continuous Disclosure Obligations) or any unresolved issues, as that term is defined in regulatory
policies.
In accordance with National Instrument 51 -102, the resignation of the Former Auditor, the a ppointment of the
Successor Auditor, the notice of change of auditor, together with the required letters from the F ormer Auditor and
the Successor Auditor, have been reviewed and approved by the Audit Committee and the Board of Directors and
have been filed on www.sedar.com under the Company's profile.
The Company would like to thank De Visser Gray LLP for their services and wish them continued success.
About Archer
Archer Exploration is a Canadian Ni -Cu-Co-PGE focused exploration and development company with an extensive
portfolio of assets in Quebec and Ontario, Canada. The Company’s flagship asset is the Grasset Project, located
within the Abitibi Greenstone Belt, with an Indicated Resource of 5.5Mt @ 1.53% NiEq. In addition, the Company
holds a strategically significant portfolio of 37 properties and over 300 km2 in th e world -class mining district of
Sudbury, Ontario.
Archer’s growth strategy is focused on the exploration and development of its nickel sulphide properties within its
portfolio. Archer’s vision is to be a responsible nickel sulphide developer in stable pro-mining jurisdictions. Archer is
committed to socially responsible exploration and development, working safely, ethically, and with integrity.
Tom Meyer
President & Chief Executive Officer
Tel: +1 866.899.7247 (RCHR)
Email: [email protected]
Cautionary Note Regarding Forward-Looking Statements
Neither the CSE nor its Market Regulator (as that term is defined in policies of the CSE) accepts responsibility for the
adequacy or accuracy of this release.
The information contained herein contains “forward-looking statements” within the meaning of applicable securities
legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities,
events or developments that Archer expects or anticipates will or may occur in the future. Generally, but not always,
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forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative
connotation thereof or variations of such words and phrases or statements that certain actions, events or results
“may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others,
that the results of planned explorati on activities are as anticipated, the anticipated cost of planned exploration
activities, that general business and economic conditions will not change in a material adverse manner, that
financing will be available if and when needed and on reasonable terms, that third party contractors, equipment and
supplies and governmental and other approvals required to conduct Archer’s planned exploration activities will be
available on reasonable terms and in a timely manner. Although the assumptions made by Archer i n providing
forward-looking information or making forward -looking statements are considered reasonable by management at
the time, there can be no assurance that such assumptions will prove to be accurate.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which
may cause our actual results, performance or achievements, or other future events, to be materially different from
any future results, performance or achievements expressed or implied by such forward -looking statements. Such
factors and risks include, among others: risks associated with the conduct of the Company's mining activities;
regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside
contractors; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining
projects; laws and regulations governing the environment, health and safety; the ability of the communities in which
the Company operates to manage and cope with the implications of COVID -19; the economic and financial
implications of COVID- 19 to the Company; operating or technical difficulties in connection with mining or
development activities; employee relations, labour unrest or unavailabil ity; the Company's interactions with
surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of
exploration and development; stock market volatility; conflicts of interest among certain directors and officers; lack
of liquidity for shareholders of the Company; litigation risk; the ongoing military conflict in Ukraine; general
economic factors (including inflationary pressure); the price of commodities; and the factors identified under the
caption "Risk Factors" in the Company’s public disclosure documents.
The forward-looking information contained in this news release represents the expectations of Archer as of the date
of this news release and, accordingly, is subject to change after such date. Reade rs should not place undue
importance on forward-looking information and should not rely upon this information as of any other date. Archer
does not undertake any obligation to update these forward -looking statements in the event that management’s
beliefs, estimates or opinions, or other factors, should change.