CapGain Properties Inc.
TSX VENTURE : CPP

CapGain Properties Inc.

January 30, 2014 14:38 ET

CapGain Properties Inc. Announces Change of Auditor

LAKE IN THE HILLS, ILLINOIS--(Marketwired - Jan. 30, 2014) - CapGain Properties Inc. ("CapGain" or "Company") (TSX VENTURE:CPP) announces that it has changed its auditor. Smythe Ratcliffe LLP ("Former Auditor") has resigned effective January 3, 2014. The Directors of the Company have appointed Calvista LLP ("Successor Auditor") of Calgary, Alberta as auditor for the Company. The change in auditor has been approved by CapGain's Audit Committee and Board of Directors.

There were no reservations in the Former Auditor's reports in connection with the two most recently-completed fiscal years or for any period subsequent to the most recently-completed period for which an audit report was issued and preceding the date of the Former Auditor's resignation. There are no reportable events between CapGain and the Former Auditor as defined in National Instrument 51-102.

About CapGain

CapGain is an investment company that is focused on the acquisition of income producing real property in select markets in the United States. The Company's management and expertise within the real estate and finance industries allow it to acquire properties at significantly below market value.

Additional information on CapGain may be accessed through the TMX website (www.tmx.com) and the SEDAR website (www.sedar.com) under the profile for CapGain.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in the Policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of applicable legislation. All statements included in this report and the documents that we incorporate by reference, are forward-looking statements and can generally be identified by words such as "will," "allow," "outlook," or the negative of these terms, and other comparable terminology.

Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements, such as whether CapGain is able to meet price, performance, quality and delivery requirements. Although CapGain believes that the expectations represented by any forward-looking statements and forward-looking information contained herein are reasonable based on the information available to them on the date of this document, management cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements or forward-looking information. CapGain undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.

Contact Information

  • CapGain Properties Inc.
    Brian Knight
    Chief Executive Officer
    (847) 854-4213
    bknight@capgain.ca