May 26, 2020 – Vancouver, British Columbia, Canada: Auralite Investments Inc. (TSX-V: AAAA) (the “Company” or “Auralite”) is pleased to announce that James Henning has been appointed as a Director of the Company effective immediately. Mr. James Henning is a Chartered Accountant and the founder and president of Corpfinance Advisors Inc. since 1984. Mr. Henning has solid expertise and practical experience in valuating businesses in a broad range of industries. He has assisted companies in financing, public offerings and restructuring. Areas of expertise include retail cannabis, manufacturing, telecommunications, software, biomedical, oil and gas services, and renewable energy industries. Mr. Henning has served as a Chief Financial Officer and director for a number of TSX Venture Exchange and Canadian Securities Exchange listed companies over the past several years. Mr. Terry Thompson has resigned as a Director and as the Chief Financial Officer of the Company effective immediately. Mr. Peter Nguyen has been appointed as the Chief Financial Officer to replace Mr. Thompson. Mr. Nguyen currently also serves as a Director of the Company. The Board would like to thank Mr. Thompson for his service to the Company.
Auralite is an investment issuer with interests in, Canadian-based Champignon Brands Inc., educational technology developer Akiva Systems Inc., and Gold Lion Resources Inc.
On behalf of:
AURALITE INVESTMENTS INC.
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This news release contains forward-looking statements including statements regarding any of the Auralite holdings or investments, as well other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, investor interest in the business and future prospects of the Company. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.