TSXV: DUG │OTCQX: DSTFF
TORONTO, Sept. 21, 2018 /CNW/ - Distinct Infrastructure Group Inc. ("DIG" or the "Company") today announced that its Board of Directors has approved a change of the Company's auditors. At the request of the Company, MNP LLP (the "Former Auditor") has resigned as auditor of the Company effective September 19, 2016 and effective the same date Ernst & Young LLP (the "Successor Auditor") has been appointed as the successor auditor.
In accordance with National Instrument 51-102 ("NI-51-102"), the Company has filed a Change of Auditor Notice (the "Notice") on SEDAR together with letters from both the Former Auditor and the Successor Auditor, with each letter confirming that it is in agreement with the statements contained in the Notice, as applicable.
There were no disagreements or unresolved issues with the Former Auditor on any matter of audit scope or procedures, accounting principles or policies, or financial statement disclosure. It is the Company's opinion that there have been no "reportable events" (as defined in National Instrument 51-102 Continuous Disclosure Obligation) between the Company and the Former Auditor.
"We would like thank MNP LLP for their expertise and guidance, and we are pleased that a company with the scale, expertise and reputation of Ernst & Young will be part of the DIG team in the next stage of our growth," said Joe Lanni, DIG's Co-CEO.
In preparation for this mandate, Ernst and Young LLP undertook a full review of DIG's business to gain an understanding of the Company's operations, its client relationships, financial processes and year-to-date financial statements.
"Ernst & Young's commitment to understanding DIG and how we operate has been impressive," said William Nurnberger, DIG's Interim CFO. "We look forward to working with them as our auditors."
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Distinct Infrastructure Group:
Distinct Infrastructure Group Inc. is a 100% Canadian-owned and operated firm providing design, engineering, construction and maintenance services to telecommunication firms, utilities and governments. Our service offerings include the design, engineering and delivery of underground and aerial construction, as well as inventory management and technical services.
Our mission is to be responsive to the current and future needs of our clients by delivering safe, turnkey solutions that positively impact the communities in which we live and work. We work wherever our clients need us, from our bases in Toronto and Winnipeg.
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Inspiration is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Inspiration cannot assure investors that actual results will be consistent with these forward looking statements and Inspiration assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.
SOURCE Distinct Infrastructure Group Inc.
For further information: William Nurnberger, Interim Chief Financial Officer, Distinct Infrastructure Group, Email: [email protected]