Tidewater Midstream and Infrastructure Ltd.

Tidewater Midstream and Infrastructure Ltd.

September 23, 2015 17:00 ET

Tidewater Announces Change in Auditor

CALGARY, ALBERTA--(Marketwired - Sept. 23, 2015) - The Board of Directors of Tidewater Midstream and Infrastructure Ltd. (TSX VENTURE:TWM) ("the Corporation") announces that it has appointed Deloitte LLP of Calgary, Alberta as auditor for the Corporation effective September 18, 2015 until the close of the next Annual General Meeting of the Corporation. Deloitte LLP will replace Collins Barrow Calgary LLP ("Former Auditor"). The Corporation has grown significantly from its initial $3 million IPO in April 2015 to its current market capitalization of in excess of $280 million. The Corporation has significant growth plans and believes that Deloitte LLP is well positioned to handle the Corporations next phase of growth.

There were no reservations in the Former Auditor's reports in connection with the financial statements of the Corporation since incorporation; and any period subsequent to the most recently completed period for which an audit report was issued and preceding the effective date of expiry of the Former Auditor's term of office.

The Corporation confirms that there have been no reportable events as defined in the National Instrument 51-102 and, in its opinion, there are no reportable events pending.

The Corporation and the Board of Directors would like to extend their thanks to Collins Barrow Calgary LLP, for their auditing services to date.

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.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

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