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Sunora Foods Announces Quarter 4 Sales and Change of Auditor
February 8, 2017 / TheNewswire / CALGARY, ALBERTA. Sunora Foods Inc. (the “Corporation” or “Sunora”) (TSX-V: SNF) is pleased to announce unaudited, preliminary Quarter 4 sales for the period ending December 31, 2016.
For the three month period ending December 31, 2016, the Corporation had unaudited sales of $3,444,559 versus sales for Quarter 4 2015 of $2,394,656. Sales were broken down as follows:
The Corporation also announces it has changed its auditors from Collins Barrow Calgary LLP (“Former Auditor”) to Calvista LLP Chartered Professional Accountants of Calgary, Alberta (“Successor Auditor”).
At the request of the Corporation, the Former Auditors tendered their resignation as auditors of the Corporation effective January 24, 2017 and the board of directors of the Corporation appointed the Successor Auditor as the Corporation's auditor effective January 24, 2017, until the next Annual General Meeting of the Corporation.
There were no reservations in the Former Auditor's reports in connection with the most recently completed fiscal year (2015) or for any period subsequent to the most recently completed period for which an audit report was issued preceding the date of the Former Auditor's resignation. There are no "reportable events" (as that term is defined in National Instrument 51-102 Continuous Disclosure Obligations) between the Corporation 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 audit committee and the board of directors and has been filed on SEDAR.
Sunora Foods is a Calgary, Alberta based food oil entity trading and supplying canola oil, corn oil, soybean oil, olive oil, and specialty oils in Canada and internationally under the “Sunora”, “Sunera” and numerous private label brands.
For further information, please contact:
Dean Stuart
Investor Relations
T: (403) 617-7609
Steve Bank
Chief Executive Officer and President
T: (403) 247-8300
Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.