[Market] TAAL Announces Appointment of Auditor

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VANCOUVER, British Columbia, Feb. 05, 2020 (GLOBE NEWSWIRE) — TAAL Distributed Information Technologies Inc. (CSE:TAAL, FWB:9SQ, OTCQB:SQRMF) (“TAAL“) is pleased to announce that, effective January 30, 2020, it has appointed Marcum LLP (the “Successor Auditor“) to serve as auditor until the next annual general meeting of shareholders of TAAL.

Further to TAAL's press release dated November 12, 2019, DeVisser Gray LLP (the “Former Auditor“) previously resigned, at its own initiative, effective on November 11, 2019. The Former Auditor's reports with respect to TAAL's financial statements for the fiscal years ended December 31, 2018 and October 31, 2017 did not contain a modified opinion and there was no “reportable event” (as such term is defined in National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102“)) for the period covered by such financial statements or for the period from December 31, 2018 to the date of the Former Auditor's resignation.

In accordance with NI 51-102, TAAL has filed a change of auditor notice (the “Notice“) on SEDAR, together with letters from the Former Auditor and the Successor Auditor, with each letter confirming agreement with the statements contained in the …

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