18:37:21 EST Tue 29 Nov 2022
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or Name

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Burcon NutraScience Corp
Symbol BU
Shares Issued 108,728,742
Close 2022-09-02 C$ 0.71
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Burcon auditors resign, Sept. 14 AGM postponed

2022-09-02 16:21 ET - News Release

Mr. Paul Lam reports


Burcon NutraScience Corp.'s auditors, PricewaterhouseCoopers LLP (PwC), have resigned, effective Sept. 1, 2022, and that it is postponing its annual meeting of shareholders, which was to be held on Sept. 14, 2022.

PwC has confirmed that there have been no reportable events, disagreements or unresolved issues (as such terms are defined in National Instrument 51-102 -- Continuous Disclosure Obligations).

Due to the inopportune timing of PwC's notice of resignation, the company's board of directors decided to postpone the AGM until the company has appointed a successor auditor. The company is engaged in discussions with potential successor audit firms and expects to engage a new audit firm shortly.

The company will provide an update regarding the appointment of a successor auditor and the new date for the AGM in a further news release.

About Burcon NutraScience Corp.

Burcon is a global technology leader in the development of plant-based proteins for foods and beverages. With over two decades of experience formulating high-purity proteins that have superior functionality, taste and nutrition, Burcon has amassed an extensive patent portfolio covering its novel plant-based proteins derived from pea, canola, soy, hemp and sunflower seed, among other plant sources. In 2019, Merit Functional Foods Corp. was established between Burcon and three veteran food industry executives. Merit Foods has since built and commissioned a state-of-the-art protein production facility in Manitoba, Canada, that is producing, under licence from Burcon, best-in-class pea and canola proteins for the food and beverage industries.

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