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.