Change of auditorsIn response to my enquiry to ELBM Management, I received the following statement:
The simple fact is that MNP is it more cost effective solution. Prior to production, we concluded we did not need the services of a large global firm. As one of KPMG‘s smaller clients, their audit procedures were rather extensive for a small Canada and US-listed issuer like Electra.
That said, I quite like the KPMG Audit team. I have known them for years and they were very good to us. It was an amicable transition, and we have had no disagreements with them over their time as our auditor.