VR Resources Ltd. Provides Corporate Update
VANCOUVER, British Columbia, April06, 2017(GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V:VRR) (FSE:5VR) the ("Company"), provides the following update to corporate financial matters:
- change of auditors from MNP LLP (the "Former Auditors") to Davidson & Company (the "Successor Auditors"), effective April 6, 2017;
- change of fiscal year end from December 31st to March 31st.
The change of auditor and year end will facilitate efficiencies in administration, accounting and production of the annual audited financial statements going forward.
At the request of the Company, the Former Auditors resigned as auditors for the Company effective April 6, 2017, and the board of directors of the Company appointed the Successor Auditor as the Company's auditor effective April 6, 2017, until the close of the next Annual General Meeting of the Company.
There were no reservations in the Former Auditors' reports for the two most recently-completed fiscal years or for any period subsequent to the more recently completed period for which an audit report was issued and preceding the date of the Former Auditors' resignation.There are no reportable events between the Company and the Former Auditors.The board of directors has also resolved to change the Company's fiscal year end from December 31st to March 31st effective immediately.
The Notice of Change of Auditors, together with the letter from the Former Auditors and the letter from the Successor Auditors have been reviewed by the Company's audit committee and board of directors and will be filed on SEDAR accordingly.
For details regarding the length and ending dates of the financial periods, including the comparative periods, of the interim and annual financial statements to be filed for the Company's transition year and its new financial year, reference is made to the Notice of Change of Fiscal Year End filed by the Company on SEDAR pursuant to National Instrument 51-102.
About VR Resources
VR Resources Ltd. ("VR") is a new listing in the junior exploration space (TSX.V:VRR).Its niche is early-stage exploration and discovery, and its focus is copper in the western United States.VR is the continuance of 4 years of active exploration in Nevada by a Vancouver-based private exploration company, and is well financed for a two year exploration strategy already in-place, including first-pass drilling of its core asset and QT for the listing process; a property with two years and some $600,000 in exploration under its belt.VR owns its exploration assets outright, and will evaluate new opportunities on an ongoing basis, whether by staking or acquisition.The diverse experience and proven track record of its Board is the foundation of VR.
ON BEHALF OF THE BOARD OF DIRECTORS:
"Michael Gunning"
________________________
Michael Gunning, PhD, PGeo
President & CEO
For general information please use the following contacts:
Website: www.vrr.ca
Email: info@vrr.ca
Phone: 604-262-1104
Renmark Financial Communications Inc.
Barry Mire, Account Manager, VR Resources Ltd: bmire@renmarkfinancial.com
Tel.: (416) 644-2020 or (514) 939-3989
Website: www.renmarkfinancial.com
Forward Looking Statements
This press release contains forward-looking statements.Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events.Forward looking statements in this release include but are not limited to references to a two-year exploration strategy; first-pass drilling of its core asset and the acquisition of new assets.Although the Company believes that the use of such statements is reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements.Trading in the securities of the Company should be considered highly speculative. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.
Neither the 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