Change of Auditor Process and Corporate update TORONTO, Oct. 4, 2021 /CNW/ - Facedrive Inc. ("Facedrive" or the "Company") (TSXV: FD) (OTCQX: FDVRF) announces that it has received a notice of resignation from its auditor and the Company has begun the formal change of auditor process under National Instrument 51-102 – Continuous Disclosure Obligations ("NI 51-102"). As part of this process, the Company will soon provide further details in a reporting package regarding the auditor's resignation in accordance with section 4.11 of NI 51-102. There were no disputes with the auditor at the time of resignation. The Company is in the process of selecting a successor auditor from a number of qualified firms.
The Company also announces that its Chief Financial Officer, Fairy Lee, who in late-August provided notice of her intention to resign from her role with the Company in September 2021, has agreed to continue to serving as the Company's CFO until the Company appoints her successor, the process for which remains active and ongoing.
Further to an earlier corporate update dated September 1, 2021, the Company will also be filing on SEDAR the forms of lock-up agreement entered into with various shareholders.