CALGARY, July 17, 2014 /CNW/ - Montana Exploration Corp. ("Montana") (TSXV:MTZ) ("Montana") announces that PricewaterhouseCoopers LLP (the "Former Auditor"), has resigned as Montana's auditor at the request of Montana, effective July 9, 2014 and Montana has appointed Collins Barrow LLP (the "Successor Auditor"), as its auditor, effective July 9, 2014.
There were no reservations in the Former Auditor's reports for the most recently-completed fiscal year or for any period subsequent to the most recently-completed period for which an audit report was issued and preceding the date of the Former Auditor's resignation. To Montana's knowledge there was no "reportable event" (as defined in Section 4.11 of National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102")) between Montana and the Former Auditor. The resignation of the Former Auditor and the appointment of the Successor Auditor have been approved by Montana's audit committee and its board of directors. Montana's audit committee and its board of directors have reviewed the letter from the Former Auditor and the Successor Auditor respectively, and approved the Notice of Change of Auditor. All procedures have been properly followed under NI 51-102 regarding the change of auditor and, as required, the Notice of Change of Auditor, together with the required letters from the Former Auditor and the Successor Auditor, will be filed on SEDAR.
About Montana Exploration Corp.
Montana is a Canadian junior oil and gas exploration and production company focusing on the Shaunavon oil opportunities underlying its extensive land holdings in the state of Montana. In the United States the company operates through its wholly owned subsidiary, Montana Land & Exploration, Inc. Montana's common shares are listed on the TSX Venture Exchange under the trading symbol "MTZ". Additional information regarding Montana is available under Montana's profile at www.sedar.com or at Montana's website, www.montanaexplorationcorp.com.
Forward Looking Statements
Certain statements contained in this document constitute "forward-looking statements" and/or "forward-looking information" within the meaning of applicable securities laws (collectively referred to as forward-looking statements). Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "forecast", "target", "project", "guidance", "may", "will", "should", "could", "estimate", "predict" "propose" or similar words suggesting future outcomes or language suggesting an outlook.
Forward-looking statements and information contained in this press release are based on our current beliefs as well as assumptions made by, and information currently available to, us. Although we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.
By their very nature, the forward-looking statements included in this press release involve inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking statements. When relying on our forward-looking statements to make decisions with respect to Montana, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Furthermore, the forward-looking statements contained in this press release are made as of the date of this document and we do not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
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.
SOURCE: Montana Exploration Corp.
For further information:
Montana Exploration Corp.
Chairman and Chief Executive Officer
Telephone: (403) 265-9091
Telephone: (403) 265-9091