VANCOUVER, Oct. 18, 2012 /CNW/ - Stone Resources Limited (the "Corporation") (TSX-V: SRH) announces that it has changed its auditor. A Chan & Company LLP (the "Former Auditor") has been terminated effective October 15, 2012 and Davidson & Company LLP (the "Successor Auditor") has been appointed. The change in auditor has been approved by the Corporation's Audit Committee and Board of Directors.
There were no reservations in the Former Auditor's reports in connection with the most recently completed fiscal year or for any period subsequent to the most recently completed period for which an audit report was issued. There were also no reportable events between the Corporation and the Former Auditor or the Successor Auditor including disagreements, unresolved issues or consultations as defined in National Instrument 51‐102, Continuous Disclosure ("NI 51‐102").
All procedures have been properly followed under NI 51‐102 regarding the change of auditor and, as required, a Notice of Change of Auditor together with the required letters from the Former Auditor and the Successor Auditor will be filed via SEDAR with each securities commission in each province or territory in Canada in which the Corporation is a reporting issuer.
ON BEHALF OF THE BOARD OF DIRECTORS
Vice President and Corporate Secretary
About Stone Resources Limited
Stone Resources Limited (TSX-V: SRH) is a company incorporated in Bermuda and listed on the TSX Venture Exchange in Canada. The Company is involved with mineral resources exploration and development in Australia. Stone Resources plans to expand and develop its business using its effective team of experts in exploration, geology, metallurgy, mine engineering, law and finance.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that terms is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Stone Resources Limited
For further information:
STONE RESOURCES LIMITED
1 Victoria Street
Hamilton HM 11