In This Article:
NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / October 28, 2024 / Rektron Group Inc. ("Rektron" or the "Company") (CSE:REK.U)(FRA:F75) a global commodities trading house is pleased to announce that it has appointed PKF Littlejohn LLP, as independent auditor of the Company, effective as of August 26, 2024 (the "Successor Auditor").
The Successor Auditor is being appointed upon the Company requesting Fareed Sheik & co (the "Former Auditor") resign as auditor effective August 26, 2024. The Company appointed the Successor Auditor is a CPAB-qualified auditor, following the listing of the Company on the Canadian Securities Exchange.
The board of directors of the Company appointed the Successor Auditor as the new auditor until the next Annual General Meeting of the Company.
The Former Auditor's reports on the consolidated financial statements of the Company for the years ended July 31, 2023 did not express a modified opinion and the Former Auditor has confirmed there have been no "reportable events" as defined in National instrument 51-102 - Continuous Disclosure Obligations.
The Notice of Change of Auditors, together with the letter from the Former Auditor and the letter from the Successor Auditor, have been reviewed by the Company's Board of Directors.
The Company has sent a Notice of Change of Auditor (the "Notice") to the Former Auditor and to the Successor Auditor and has received a letter from each, addressed to the securities commissions in each of British Columbia, Alberta and Ontario stating that they agree with the information contained in the Notice. The Notice, together with the letters from the Former Auditor and the Successor Auditor are available on www.sedarplus.ca.
On Behalf of the Board of Directors, Rektron Group Inc.
Ricardo Phielix
Chief Executive Officer
FOR FURTHER INFORMATION CONTACT:
Email: ir@rektrongroup.com
Phone: +1 (289) 482-0744
Web: https://www.rektrongroup.com/
About the Company
The Company is the holding and parent company of Rektron AQ Limited, which is the holding and parent company of DL Hudson Limited. DL Hudson Limited is the trading arm of a group of companies, of which there are several subsidiaries that support the group's global commodity trading operations. The Company is headquartered in Vancouver, BC, while Rektron AQ Limited is headquartered in London, UK.
The Company focuses on maintaining an experienced team of management and traders, extensive geographical and product diversification, trading and logistical expertise, and financial and risk management. The team at the Group is composed of energy and metals traders, City of London and Wall Street bankers. The trading expertise includes principal energy and metals products, particularly ferrous and nonferrous metals, Energy Transition Commodities ("ETC"), recycled metals and crude and Euro VI-compliant refined oil products. The Company transacts across all compliant markets following the international trade regulations and guidelines.