STERLING GROUP VENTURES, INC. (OTCMKTS:SGGV) Files An 8-K Changes in Registrant’s Certifying AccountantITEM 4.01. Change in Registrant’s Certifying Accountant.
On April 14, 2017, Sterling Group Ventures, Inc. (“SGGV” or the “Company”) dismissed BDO Canada, LLP (“BDO”) as the Company’s independent registered public accounting firm.
Effective April 14, 2017, the Company appointed MNP LLP (“MNP”) as independent registered public accounting firm for the Company’s fiscal year ended December 31, 2017. The Company’s decision to replace BDO with MNP was approved by the Board of Directors of the Company.
The BDO reports on the Company’s financial statements as of May 31, 2016 and 2015 and for the years ended May 31, 2016 and 2015 did not contain an adverse opinion or disclaimer of opinion, nor were such reports qualified or modified as to uncertainty, audit scope or accounting principles.
During the years ended May 31, 2016 and 2015 and through February 8, 2017, there were no disagreements with BDO on any matters of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which, if not resolved to the satisfaction of BDO, would have caused BDO to make reference to the subject matter of the disagreement in their reports on the Company’s financial statements for such years.
The Company has provided BDO a copy of the foregoing statements and requested a letter from BDO to the Securities and Exchange Commission stating whether BDO agrees with the above statements.
During the years ended May 31, 2016 and 2015 and through April 14, 2017, neither the Company nor anyone acting on behalf of the Company, consulted with MNP with respect to the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that would have been rendered on the Company’s financial statements, or any other matters set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K.
Section 5 – Corporate Governance and Management
ITEM 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On April 14, 2017, the Board of Directors approved the changing of the Company’s fiscal year end from May 31 to December 31. A transition report covering the period from May 31, 2016 to December 31, 2016 will be filed on Form 10-K.
About STERLING GROUP VENTURES, INC. (OTCMKTS:SGGV)
Sterling Group Ventures, Inc. is an exploration-stage company. The Company is engaged in the business of mining exploration and development. The Company operates in Canada and China. The Company focuses on the search, exploration and development of phosphate and related minerals in China and other countries. The Company operates Gaoping Phosphate Project located in Tanjiachang village, Chenxi County, Hunan Province, China and other phosphate resources in Hunan Province. Gaoping Phosphate Property is surrounded by Tanjiachang Phosphate Exploration Concession. The property is located in Hunan Province in South Eastern China over 250 kilometers west of the Provincial Capital of Changsha and approximately 120 kilometers northeast of the regional center of Huaihua and over 40 kilometers east of the County seat at Chenxi. As of May 31, 2016, the Gaoping mineral property was an exploration-stage property. As of May 31, 2016, the Company had not generated any revenues. STERLING GROUP VENTURES, INC. (OTCMKTS:SGGV) Recent Trading Information
STERLING GROUP VENTURES, INC. (OTCMKTS:SGGV) closed its last trading session 00.0000 at 0.0900 with 249,510 shares trading hands.
