TVI Pacific Announces Appointment of Successor Auditor
TVI Pacific (TSXV: TVI) (OTC Pink: TVIPF) has appointed Davidson & Company as its new auditor, following the resignation of PricewaterhouseCooper on September 6, 2024. The appointment has been approved by both the board of directors and audit committee, pending shareholder ratification at the next annual meeting.
The former auditor's reports for fiscal years 2023 and 2022 contained no modified opinions. However, there was a reportable event regarding unresolved whistleblower allegations involving TVI Resource Development (Phils) Inc., the company's 30.66% subsidiary, and a tailings incident at the Siana gold mine operated by Greenstone Resources , a TVIRD wholly-owned subsidiary.
TVI has authorized the former auditor to fully respond to inquiries from the new auditor concerning these matters. The complete reporting package is available on SEDAR+.
TVI Pacific (TSXV: TVI) (OTC Pink: TVIPF) ha nominato Davidson & Company come nuovo revisore dei conti, a seguito delle dimissioni di PricewaterhouseCooper il 6 settembre 2024. La nomina è stata approvata sia dal consiglio di amministrazione che dal comitato di revisione, in attesa della ratifica degli azionisti nella prossima assemblea annuale.
I rapporti del precedente revisore per gli anni fiscali 2023 e 2022 non contenevano opinioni modificate. Tuttavia, c'era un evento segnalabile riguardante le accuse di whistleblower non risolte che coinvolgono TVI Resource Development (Phils) Inc., la sussidiaria al 30,66% della società, e un incidente di tailings nella miniera d'oro Siana gestita da Greenstone Resources, una sussidiaria interamente controllata da TVIRD.
TVI ha autorizzato il precedente revisore a rispondere completamente alle richieste del nuovo revisore riguardo a queste questioni. L'intero pacchetto di reporting è disponibile su SEDAR+.
TVI Pacific (TSXV: TVI) (OTC Pink: TVIPF) ha designado a Davidson & Company como su nuevo auditor, tras la renuncia de PricewaterhouseCooper el 6 de septiembre de 2024. La designación ha sido aprobada tanto por la junta directiva como por el comité de auditoría, pendiente de la ratificación de los accionistas en la próxima reunión anual.
Los informes del auditor anterior para los años fiscales 2023 y 2022 no contenían opiniones modificadas. Sin embargo, hubo un evento reportable relacionado con acusaciones no resueltas de un denunciante que involucraban a TVI Resource Development (Phils) Inc., la subsidiaria del 30,66% de la empresa, y un incidente de colas en la mina de oro Siana operada por Greenstone Resources, una subsidiaria de propiedad total de TVIRD.
TVI ha autorizado al auditor anterior a responder completamente a las consultas del nuevo auditor sobre estos asuntos. El paquete completo de informes está disponible en SEDAR+.
TVI Pacific (TSXV: TVI) (OTC Pink: TVIPF)는 Davidson & Company를 새로운 감사인으로 임명했으며, 이는 2024년 9월 6일 PricewaterhouseCooper가 사임한 후의 일입니다. 이 임명은 이사회와 감사위원회의 승인을 받았으며, 다음 연례 회의에서 주주들의 비준을 기다리고 있습니다.
이전 감사인의 2023 및 2022 회계 연도 보고서는 수정된 의견이 포함되지 않았습니다. 그러나 TVI Resource Development (Phils) Inc.는 회사의 30.66% 자회사로, 풀비아(Pulvia)의 지적 사항과 관련된 신고자 관련 사건이 있었음을 보고했습니다. Greenstone Resources가 운영하는 Siana 금광에서 발생한 tailings 사건도 포함됩니다.
TVI는 이전 감사인이 이러한 사항에 대한 새로운 감사인의 문의에 완전히 응답할 수 있도록 승인했습니다. 전체 보고 패키지는 SEDAR+에서 확인할 수 있습니다.
TVI Pacific (TSXV: TVI) (OTC Pink: TVIPF) a nommé Davidson & Company comme nouvel auditeur, suite à la démission de PricewaterhouseCooper le 6 septembre 2024. La nomination a été approuvée par le conseil d'administration et le comité d'audit, en attente de la ratification des actionnaires lors de la prochaine assemblée annuelle.
Les rapports de l'ancien auditeur pour les exercices 2023 et 2022 n'ont pas contenu d'opinions modifiées. Cependant, il y avait un événement signalable concernant des allégations de lanceurs d'alerte non résolues impliquant TVI Resource Development (Phils) Inc., la filiale à 30,66 % de la société, et un incident de résidus à la mine d'or Siana exploitée par Greenstone Resources, une filiale entièrement détenue par TVIRD.
TVI a autorisé l'ancien auditeur à répondre pleinement aux demandes du nouvel auditeur concernant ces questions. L'intégralité du paquet de rapports est disponible sur SEDAR+.
TVI Pacific (TSXV: TVI) (OTC Pink: TVIPF) hat Davidson & Company als neuen Prüfer ernannt, nachdem PricewaterhouseCooper am 6. September 2024 zurückgetreten ist. Die Ernennung wurde sowohl vom Vorstand als auch vom Prüfungsausschuss genehmigt und muss noch von den Aktionären auf der nächsten Hauptversammlung ratifiziert werden.
Die Berichte des vorherigen Prüfers für die Geschäftsjahre 2023 und 2022 enthielten keine modifizierten Meinungen. Es gab jedoch ein berichtspflichtiges Ereignis in Bezug auf ungelöste Whistleblower-Vorwürfe, die TVI Resource Development (Phils) Inc., die zu 30,66 % der Gesellschaft gehörenden Tochtergesellschaft, betreffen und ein Vorfall bei der Siana-Goldmine, die von Greenstone Resources betrieben wird, einer zu 100 % im Besitz von TVIRD befindlichen Tochtergesellschaft.
TVI hat dem ehemaligen Prüfer die volle Befugnis erteilt, auf Anfragen des neuen Prüfers zu diesen Angelegenheiten zu reagieren. Das umfassende Berichtspaket ist auf SEDAR+ verfügbar.
- New auditor appointment approved by board and audit committee
- Previous audit reports for 2022-2023 contained no modified opinions
- Unresolved whistleblower allegations involving subsidiary TVIRD
- Reportable event related to tailings incident at Siana gold mine
- Unexpected resignation of PricewaterhouseCooper as auditor
Calgary, Alberta--(Newsfile Corp. - February 7, 2025) - TVI Pacific Inc. (TSXV: TVI) (OTC Pink: TVIPF) ("TVI" or the "Company") announces the appointment of Davidson & Company LLC (the "Successor Auditor"), chartered professional accountants, as the Company's new auditor to hold office until the TVI's next annual meeting of shareholders.
The appointment of the Successor Auditor has been approved by the board of directors (the "Board") and the Company's audit committee (the "Audit Committee"), and TVI will seek shareholders ratification of the Successor Auditor's appointment at the next annual meeting of shareholders.
As announced on October 8, 2024, the Company's former auditor, PricewaterhouseCooper LLC (the "Predecessor Auditor"), resigned effective September 6, 2024. The Predecessor Auditor's reports with respect to TVI's financial statements for the fiscal years ended December 31, 2023 and December 31, 2022 did not contain a modified opinion. However, there was a reportable event concerning an unresolved issue, as such terms are defined in National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102"), related to potential whistleblower allegations ("Allegations") involving TVI Resource Development (Phils) Inc. ("TVIRD"), the Company's
The Company has authorized the Predecessor Auditor to respond fully to inquiries by the Successor Auditor concerning the Incident and Allegations.
The Company's reporting package, including the notice of change of auditor, together with the required letters from the Predecessor Auditor and Successor Auditor, each prepared in accordance with Section 4.11 of NI 51-102, are available on TVI's SEDAR+ profile at www.sedarplus.ca.
About TVI Pacific Inc.
TVI is a Canadian resource company focused on mining projects in the Philippines, one of the most prolifically mineralized countries in the world. TVI maintains a strong presence in the Philippines through its
Contact Information:
Michael G. Regino
Chief Executive Officer
TVI Pacific Inc.
Phone: +632-7728-8491
E-mail: Michael.Regino@tvird.com.ph
Cautionary Note Regarding Forward-Looking Information
Certain information set out in this News Release constitutes forward-looking information. Forward-looking statements and information are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe", "scheduled", "to be", "will be" and similar expressions.
Forward-looking statements and information in this News Release are based upon the opinions and expectations of management of the Company and, in certain cases, information supplied by third parties as at the effective date of such statements. Although the Company believes that the expectations reflected in such forward-looking statements or information are based upon reasonable assumptions and that information received from third parties is reliable, it can give no assurance that those expectations will prove to have been correct.
Forward-looking statements and information are subject to certain risks and uncertainties (known and unknown) that could cause actual outcomes to differ materially from those anticipated or implied by such forward-looking statements or information. Accordingly, readers should not place undue reliance upon the forward-looking statements or information contained in this News Release and such information should not be interpreted or regarded as guarantees of future outcomes. These risks and uncertainties include, but are not limited those risks described in detail in the Company's Annual Information Form for the year ended December 31, 2023, which was filed on SEDAR+ on April 29, 2024, and is available under the Company's profile at www.sedarplus.ca, and other matters discussed in News Release.
The forward-looking statements contained in this News Release are made as of the date hereof, and the Company does not undertake any obligation to update or revise any of the included forward-looking statements, except as required by applicable securities laws in force in Canada. The forward-looking statements contained herein are expressly qualified by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240051
FAQ
Why did PricewaterhouseCooper resign as TVIPF's auditor in September 2024?
What are the unresolved issues affecting TVIPF's audit in 2024?
Who is TVIPF's new auditor as of February 2024?
Were there any issues with TVIPF's financial statements for 2022-2023?
