(TheNewswire)
Vancouver, British Columbia – TheNewswire - June 28, 2023 - Lexston Life Sciences Corp. (the “Company” ) (CSE:LEXT) (OTC:LEXTF)announced today that its board of directors has approved a change ofthe Company’s auditors. At the request of the Company, Saturna GroupChartered Professional Accountants LLP (the “Former Auditor”) hasresigned as auditor of the Company effective June 27, 2023. The auditcommittee and board of directors of the Company have appointed WDMChartered Professional Accountants as the successor auditor, effectiveJune 27, 2023 (the “Successor Auditor”) until the close of thenext annual general meeting of the Company.
The Company has sent a Notice of Change of Auditor (the“Notice”) to the former Auditor and to the Successor Auditor andhas received a letter from each, addressed to the securitiescommissions in each of Ontario, Alberta and British Columbia and theCanadian Securities Exchange stating that they agree with theinformation contained in the Notice. The Notice together with theletter from the Former Auditor and the letter from the SuccessorAuditor have been reviewed by the Company’s audit committee and itsboard of directors and are available on www.sedar.com .
There were no disagreements or unresolved issues withthe 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 “reportableevents” (as defined in National Instrument 51-102 ContinuousDisclosure Obligation) between the Company and the Former Auditor. TheFormer Auditor did not provide a modified opinion in their auditor’sreport for the financial statements of the Company fiscal years endedMay 31, 2022 and 2021.
On Behalf of the Board of Directors
LEXSTON LIFE SCIENCES CORP.
Jagdip Bal, Chief Executive Officer
Telephone: (604) 928-8913
The Canadian Securities Exchange hasnot reviewed and does not accept responsibility for the adequacy oraccuracy of the content of this news release.
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