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Gold/Mining/Energy : Newsys Solutions Inc A. NSS
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To: Conky Lives! who wrote (56)8/31/1999 12:04:00 AM
From: BM  Read Replies (1) of 111
 
Yes, a TSE listing is planned by end of the fiscal year (April 30).

In preparation for this, the July 29 AGM was asked to approve the change of auditors to PricewaterhouseCoopers as the TSE recognizes audits done by the big 6 accounting firms only. When they go for the listing, a new audit should not be required.

At present, they are also short about $1M in net equity to qualify - this could be resolved by financing or an acquisition. They recognize the desirability to list sooner rather than later as it is believed that the TSE requirements may become more stringent in the future.
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