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High Arctic Announces Change of Auditor to KPMG LLP

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE Companies OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION May perhaps Constitute A VIOLATION OF U.S. SECURITIES Law

CALGARY, Alberta, Nov. 24, 2021 (World NEWSWIRE) — High Arctic Energy Products and services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) announces that, soon after a evaluation of audit service availability in Canada, the Corporation has selected KPMG LLP (“Successor Auditor”) as external auditors for calendar calendar year 2021. Given parameters for audit services in a shifting market place, PricewaterhouseCoopers LLC (“Former Auditor”) has resigned powerful November 24, 2021.

The Corporation appointed the Successor Auditor as the new auditor efficient November 24, 2021, until the shut of the future yearly basic conference of Superior Arctic Shareholders.

There ended up no reservations or modified opinions in any of the Previous Auditor’s audit reports for any fiscal period throughout which the Former Auditor was the Corporation’s auditor. Superior Arctic confirms there are no “reportable events” (as the time period is described in National Instrument 51-102 – Constant Disclosure Obligations) amongst the Corporation and the Former Auditor and in its feeling, there are no reportable events pending.

The Company and the Board of Directors would like to extend their many thanks and superior regard to PricewaterhouseCoopers LLC for auditing companies to day.

In accordance with National Instrument 51-102, the Discover of Modify of Auditor, alongside one another with the required letters from Former Auditor and Successor Auditor, have been reviewed by the Corporation’s Audit Committee and will be filed on SEDAR accordingly.

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About Large Arctic Vitality Providers
Higher Arctic’s principal concentrate is to provide drilling and specialised well completion expert services, machines rentals and other services to the oil and gas sector. Substantial Arctic is a current market leader offering drilling and specialized very well completion solutions and supplies rig matting, camps, and drilling aid machines on a rental foundation in Papua New Guinea. The Western Canadian operation provides nicely servicing, well abandonment, snubbing and nitrogen providers and machines on a rental basis to a big variety of oil and organic fuel exploration and output corporations.

For even more data get in touch with:

Lance Mierendorf
Main Economical Officer
P: +1 (587) 318 2218
P: +1 (800) 688 7143

Higher Arctic Power Solutions Inc.
Suite 500, 700 – 2nd Avenue S.W.
Calgary, Alberta, Canada T2P 2W1

web page: www.haes.ca
Email: [email protected]


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