Blockchain Foundry Announces Change in Financial Year End and Auditor Resignation
November 28 2019 - 8:32AM
Blockchain Foundry Inc. (“BCF” or the “Company”)
(CSE:BCFN)(FWB:8BF)(OTC:BLFDF), a leading North American blockchain
development firm, is changing its financial year end from September
30th to December 31st. As a result, BCF will file an additional
interim report as at September 30, 2019 and will report audited
financial results for a 15-month transition year from October 1,
2018 to December 31, 2019 (with a comparative of the 12 months
ended September 30, 2018). Afterwards, BCF will revert to a
customary reporting calendar based on a December 31 year-end, with
fiscal quarters ending on the last day of March, June, September
and December each year.
BCF believes this change of financial year-end
will allow investors to more easily compare its results to its
peers and will be useful to consolidate other companies in the
future, if required.
The notice for the change in financial year-end
required under Regulation 51-102 respecting Continuous Disclosure
Obligations will be filed under the Company’s profile at
www.sedar.com.
In addition, the Company has received notice
from its auditor, BDO Canada LLP, that BDO is resigning as auditor
due to the Company holding cryptocurrency assets on its balance
sheet. BCF is currently engaged in discussions with other audit
firms and does not expect that it will have difficulty filing its
audited financial results by April 29, 2020.
About Blockchain Foundry
Inc.
Headquartered in Toronto, Canada, Blockchain
Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global blockchain
consulting and development firm. BCF develops and commercializes
decentralized ledger technology, custom blockchain solutions and
smart contracts for enterprise clients.
Blockchain Foundry Contact
Information:
Chris Marsh President & Chief Financial Officer (647)
330-4572 cmarsh@blockchainfoundry.co
THIS NEWS RELEASE IS INTENDED FOR
DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR RELEASE, PUBLICATION OR DISSEMINATION,
IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
Blockchain Foundry (CSE:BCFN)
Historical Stock Chart
From Apr 2024 to May 2024
Blockchain Foundry (CSE:BCFN)
Historical Stock Chart
From May 2023 to May 2024