Red Tiger Announces Change of Auditor and Director Resignation
Toronto, Ontario / TheNewswire / March 29, 2016 - Red Tiger Mining Inc. (TSXV: RMN) ("Red Tiger" or the "Company") announces that it has changed its auditors from Ernst & Young LLP (the "Former Auditor") to MNP LLP (the "Successor Auditor").
At the request of Red Tiger, the Former Auditor resigned as auditor of the Company and the Board of Directors of the Company appointed the Successor Auditor as Red Tiger's auditor to hold office until the next annual meeting of the shareholders of the Corporation.
There were no modified opinions in the Former Auditor's reports in connection with the two most recently completed fiscal years of Red Tiger. There are no "reportable events" (as that term is defined in National Instrument 51-102 Continuous Disclosure Obligations) between Red Tiger and the Former Auditor.
In accordance with National Instrument 51-102, the resignation of the Former Auditor, the Appointment of the Successor Auditor, the notice of change of auditor, together with the required letters from the former auditor and the successor auditor, have been reviewed and approved by the audit committee and have been filed on www.sedar.com under the Company's profile.
Red Tiger also announces that it has received the resignation of Mr. Keith Hulley from the Company's Board of Directors, Audit Committee, and Operating Committee. The Board of Directors thanks Mr. Hulley for his service and wishes him continued success in his future endeavors. Additionally, the Board of Directors has appointed Mr. David Lurie to the Company's Audit Committee.
About Red Tiger Mining
Red Tiger is engaged in copper cathode production, and in the exploration and development of copper and gold projects through its wholly-owned subsidiary, Minerales Libertad, S.A. de C.V. ("Minerales") at San Antonio de la Huerta, in the state of Sonora, Mexico.
On July 1, 2013, Minerales placed the Luz del Cobre Copper Project, an open-pit, heap leach, copper recovery operation into commercial production. The Company has other prospects on its over eleven thousand-hectare concession at various stages of exploration, and is potentially a gold producer in the mid-term.
Red Tiger is listed on the TSX Venture Exchange (symbol "RMN"). The number of shares outstanding is 144,446,957.
For further information, please contact:
The Exchange Tower, 130 King Street West, Suite 2500, M5X 2A2
info@redtigermining.com
www.redtigermining.com
David Lurie
CEO & CFO
dlurie@redtigermining.com
Neither the 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 release.
Forward-Looking Information
This press release contains certain "forward-looking information". All statements, other than statements of historical fact, that address activities, events or developments that Red Tiger believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to the Private Placement, the recommencement of mining operations and the filing and clearing of the PIFs with the TSX Venture Exchange) constitute forward-looking information. This forward-looking information reflects the current expectations or beliefs of Red Tiger based on information currently available to Red Tiger as well as certain assumptions including, without limitation, the assumption that Red Tiger will complete the Private Placement and be granted TSX Venture Exchange approval in respect of the private placement, and be able to recommence mining operations as proposed. Forward-looking information is subject to a number of significant risks and uncertainties and other factors that may cause the actual results of Red Tiger to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Red Tiger. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, TSX Venture Exchange approval for the Private Placement not being obtained, unforeseen difficulties in connection with the process for recommencing production at Red Tiger's mine.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Red Tiger disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although Red Tiger believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
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