VANCOUVER, March 13 /CNW/ - YGC Resources Ltd. (Toronto Stock Exchange:
YGC; Frankfurt Xetra Exchange: ZH6) (the "Company") has appointed KPMG LLP,
Chartered Accountants of Vancouver, Canada (the "Successor Auditor") as the
Company's auditor effective as of February 1, 2007. Wasserman Ramsay,
Chartered Accountants of Toronto, Canada (the "Former Auditor"), in
consultation with YGC, have resigned as the Company's auditor effective as of
February 1, 2007.
The change in auditors was approved by both the Audit Committee and the
Board of Directors.
In accordance with the requirements of National Instrument 51-102,
Continuous Disclosure Obligations, A Notice of Change of Auditor ("Notice")
was provided to both KPMG LLP and Wasserman Ramsay. In this Notice, the
Company represents that:
"There were no reservations in the Former Auditor's reports in connection
(a) the audits of the two most recently completed fiscal years; and
(b) any period subsequent to the most recently completed period for
which an audit report was issued and preceding the date of expiry of
the Former Auditor's term of office.
There are no reportable events including disagreements, unresolved issues
and consultations, as defined in the National Instrument, between the Company
and the Former Auditor or the Successor Auditor."
In accordance with the requirements of National Instrument 52-102,
Continuous Disclosure Obligations, the Notice, together with a letter
addressed to the British Columbia Securities Commission, Alberta Securities
Commission and the Ontario Securities Commission from each of the Former
Auditor and the Successor Auditor was mailed to the securities administrators
in each province or territory in which the Company is a reporting issuer
within 30 days of receipt by the Company of the resignation of the Former
Auditor. These documents were filed on February 22, 2007 and can be viewed on
About YGC Resources Ltd.
The Company is focused on the discovery and development of gold ore
deposits in North America. The management of the Company aims to achieve added
shareholder value by leveraging our proven ability to take quality projects
forward to production. The Company holds a diverse portfolio of gold, silver,
zinc and copper properties in Canada and the United States.
On behalf of the Board of Directors of YGC Resources Ltd.
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WARNING: The Company relies upon litigation protection for
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
For further information:
For further information: YGC Resources Ltd., Graham Dickson, President,
Tel: (604) 688-9427, Email: email@example.com, www.ygcr.ca; CHF Investor
Relations, Jeanny So, Broker Relations Specialist, Tel: (416) 868-1079 ext.
225, Email: firstname.lastname@example.org, www.chfir.com