RE: Portage RNS3 Jan 2020 07:40
The Company selected Marcum LLP as its new auditors in March 2019. Given the recent acquisition of SalvaRx Limited, and the integration of the six new companies with the previous three, there has been a significant, $164 million increase in the balance sheet assets as at March 31, 2019. While this evaluation was a necessary function of the Company’s reporting and it required extra time, WE WERE ABLE TO GET A CLEAN AUDIT OPINION ON OUR FINANCIALS. The stronger asset base WILL ENABLE THE COMPANY TO MOVE TO A BROADER EXCHANGE for improved trading and bring greater credibility with INSTITUTIONAL INVESTORS.