Collingwood, Ontario, May 5, 2023 – The Limestone Boat Company Limited (“Limestone” or the “Company”) (TSXV: BOAT) is pleased to announce it has changed its auditors from KPMG (“Former Auditor”) to MNP LLP (“Successor Auditor”).
There were no modified opinions in the Former Auditor’s audit reports for any financial period during which the Former Auditor was the Company’s auditor. There are no “reportable events” (as the term is defined in National Instrument 51-102 – Continuous Disclosure Obligations) between the Company and the Former Auditor.
In accordance with National Instrument 51-102, the Notice of Change of Auditor, together with the required letters from the Former Auditor and the Successor Auditor, have been reviewed by the Company’s Audit Committee and have been filed on SEDAR accordingly.
About MNP LLP
MNP helps public companies that operate in Canada and abroad stay compliant, accountable, transparent and profitable. Their comprehensive suite of services are specifically designed to address the key challenges for public companies, regardless of industry.
About The Limestone Boat Company Limited
The Limestone Boat Company Limited– owner and builder of Limestone® Boats – is publicly traded on the TSX Venture Exchange under the ticker symbol “BOAT”. They are headquartered in Collingwood, Ontario.
For more information, please contact:
Bill Mitoulas | Investor Relations 800-720-2395 firstname.lastname@example.org www.limestoneboatcompany.com
Scott Hanson | CEO of The Limestone Boat Company Limited 800-720-2395
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release, and other publicly available documents including the documents referenced herein, constitute forward-looking information or forward-looking statements (collectively, “forward-looking information)”. These statements relate to future events or future performance. The use of any of the words “anticipate”, “believe”, “could” “should”, “would”, “estimate”, “expect”, “forecast”, “indicate”, “intend”, “likely, “may”, “plan”, “potential”, “project”, “outlook”, “seek”, “target”, “trend” or “will” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties’ current belief or assumptions as to the outcome
and timing of such future events. Examples of such forward-looking information include, without limitation, the Proposed Restructuring, the Private Placement, the intention to restructure the Company’s assets and liabilities, funding support from any governmental program including those described herein, and any future manufacturing opportunities for the Company and the Limestone brand in Canada, and further expected changes to the Company’s operations and long-term viability. Actual future results may differ materially. The Company is subject to a number of risks relating to integration and go-forward operations, certain of which are more particularly described in the Company’s public filings available on SEDAR including, without limitation, the filing statement filed by the Company on February 23, 2021, and the Management’s Discussion and Analysis for the three months ended December 31, 2022. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Many factors could cause actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking information. All the forward-looking information made in this press release is qualified by these cautionary statements and other cautionary statements or factors in this press release. There can be no assurance that the actual results or developments will be realized or, even if substantially realized, will have the expected consequences to, or effects on, the Company. Unless required by applicable securities law, the Company does not intend and does not assume any obligation to update this forward-looking information.