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CALGARY, Dec. 31, 2019 /CNW/ - Petro-Victory Energy Corp.
(TSX-V: VRY) ("Petro-Victory" or "Company") is delighted to
announce announces that it has changed its auditors from Whitley
Penn LLP ("Former Auditor") to Crowe MacKay LLP ("Successor
Auditor") effective December 23,
2019. At the request of the Company, the Former Auditor
resigned as the auditor of the Company effective December 23, 2019 and the board of directors of
the Company appointed the Successor Auditor as the Company's
auditor effective December 23, 2019,
until the next Annual General Meeting of the Company.
![Petro-Victory Energy Corp Announces Change of Auditor (CNW Group/Petro-Victory Energy Corp.) Petro-Victory Energy Corp Announces Change of Auditor (CNW Group/Petro-Victory Energy Corp.)](https://mma.prnewswire.com/media/1060401/Petro_Victory_Energy_Corp__Petro_Victory_Energy_Corp_Announces_C.jpg)
There were no reservations in the Former Auditor's reports on
the Company's financial statements for the period commencing at
the beginning of the Company's two most recently completed
financial years and ending on the date of resignation of the
Former Auditor. There are no reportable events including
disagreements, consultations, or unresolved issues as defined in
National Instrument 51-102 – Continuous Disclosure Obligations
("NI 51-102") (Part 4.11) between the Company and the Former
Auditor.
In accordance with NI 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 board of directors of
the Company and filed on SEDAR.
About Petro-Victory Energy Corp.
Petro-Victory Energy Corp. is engaged in the acquisition,
development, and production of crude oil and natural gas resources
in Brazil. The company is a
certified onshore and shallow water operator in Brazil and holds working interests in
twenty-eight (28) licenses totaling 168,433 acres in four (4) oil
producing basins in Brazil, and
royalty agreement in a 2-million-acre concession in Paraguay. Petro-Victory generates accretive
shareholder value through disciplined investments in high impact,
low risk assets. The Company's Common Shares trade on the TSX
Venture Exchange ("TSXV") under the ticker symbol VRY.v.
Cautionary Note
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this release.
Advisory Regarding Forward-Looking Statements
In the interest of providing Petro-Victory's shareholders and
potential investors with information regarding Petro-Victory's
future plans and operations, certain statements in this press
release are "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable
Canadian securities legislation (collectively, "forward-looking
statements"). In some cases, forward-looking statements can be
identified by terminology such as "anticipate", "believe",
"continue", "could", "estimate", "expect", "forecast", "intend",
"may", "objective", "ongoing", "outlook", "potential", "project",
"plan", "should", "target", "would", "will" or similar words
suggesting future outcomes, events or performance. The
forward-looking statements contained in this press release speak
only as of the date thereof and are expressly qualified by this
cautionary statement.
Specifically, this press release contains forward-looking
statements relating to but not limited to: the Company offerings,
our business strategies, plans and objectives, and drilling,
testing and exploration expectations. These forward-looking
statements are based on certain key assumptions regarding, among
other things: our ability to add production and reserves through
our exploration activities; the receipt, in a timely manner, of
regulatory and other required approvals for our operating
activities; the availability and cost of labor and other industry
services; the continuance of existing and, in certain
circumstances, proposed tax and royalty regimes; and current
industry conditions, laws and regulations continuing in effect (or,
where changes are proposed, such changes being adopted as
anticipated). Readers are cautioned that such assumptions, although
considered reasonable by Petro-Victory at the time of preparation,
may prove to be incorrect.
Actual results achieved will vary from the information provided
herein as a result of numerous known and unknown risks and
uncertainties and other factors. These and additional risk factors
are discussed in our Final Prospectus dated July 11, 2014, as filed with Canadian securities
regulatory authorities at www.sedar.com.
The above summary of assumptions and risks related to
forward-looking statements in this press release has been provided
in order to provide shareholders and potential investors with a
more complete perspective on Petro-Victory's current and future
operations and such information may not be appropriate for other
purposes. There is no representation by Petro-Victory that actual
results achieved will be the same in whole or in part as those
referenced in the forward-looking statements and Petro-Victory does
not undertake any obligation to update publicly or to revise any of
the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
by applicable securities law.
SOURCE Petro-Victory Energy Corp.