For Immediate Release
Vancouver, B.C. – February 17, 2023 – Oceanic Wind Energy Inc. (TSXV-NEX: NKW.H) (the “Company”) announces that the auditors, KPMG LLP, Chartered Professional Accountants (the “Former Auditors”) are not being proposed for re-appointment at the next annual general meeting of shareholders. Subject to all applicable regulatory and shareholder approvals, effective February 17, 2023, the Company’s new auditors will be Davidson & Company LLP, Chartered Accountants (the “Successor Auditor”), and it is being proposed that they be appointed at the next annual meeting of shareholders.
At the next Annual General Meeting of shareholders to be held on March 28, 2023, the shareholders of the Company will be asked to approve the appointment of the firm of Davidson & Company LLP, Chartered Accountants, as auditors of the Company effective February 17, 2023.
The Company advises that there were no reservations in the Auditor’s Reports for either of the Company’s two most recently completed fiscal years nor for any period subsequent thereto for which an audit report was issued and preceding the date hereof.
The non-reappointment of the Former Auditors and the appointment of the Successor Auditor was considered and approved by the Audit Committee and the Board of Directors of the Company.
In the opinion of the Audit Committee and the Board of Directors of the Company, there were no “Reportable Events” as defined in National Instrument 52-102.
For further information please contact:
Michael O’Connor, President & CEO
Oceanic Wind Energy Inc.