Business & Finance
Business and Finance
Business and Finance
Tue, July 26, 2011
Mon, July 25, 2011 
TORONTO, July 25, 2011 /CNW/ - JBZ Capital Inc. ("JBZ") (TSXV: JBZ.P) today announced that, in connection with the reverse takeover of JBZ by Strata Minerals Limited ("Strata") on April 21, 2011, Davidson & Company LLP ("Davidson") has resigned as JBZ's auditor. The board of directors of JBZ has, subject to compliance with all applicable statutory requirements, appointed BDO Canada LLP ("BDO") as the successor auditor. Davidson's resignation and the appointment of BDO are each effective as of June 30, 2011.
There have been no reservations contained in Davidson's reports on any of JBZ's financial statements relating to the financial years ended January 31, 2010 or January 31, 2011 or any subsequent period, and there are no reportable events (as defined in section 4.11 of National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102")) between JBZ and Davidson. JBZ will file on the System for Electronic Document Analysis and Retrieval the required reporting package in accordance with NI 51-102.
FORWARD LOOKING STATEMENTS
Certain statements included herein constitute forward-looking statements. The words "expect", "intend", "anticipate", "propose" and "may" and similar expressions identify forward-looking statements. Forward-looking statements include, among other things, statements concerning JBZ's business and operations, including with respect to compliance with all applicable statutory requirements respecting Davidson's resignation as auditor and the appointment of BDO as successor auditor. JBZ cautions that, by their nature, forward-looking statements involve risk and uncertainty and actual results could differ materially from those expressed or implied in such statements.
Forward-looking statements are necessarily based upon a number of estimates and assumptions, including that the execution, delivery and filing of all documents required to be executed, delivered or filed occurs within the time limits prescribed by applicable laws. While such estimates and assumptions are considered reasonable by the management of JBZ, they are inherently subject to business and regulatory uncertainties and risks and accordingly may not occur as described herein or at all. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements.
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.
