Mr. Raymond Lai reports
MAPLE LEAF FINALIZES DEBENTURE CONVERSIONS & CHANGES AUDITOR
Maple Leaf Reforestation Inc. has finalized the conversion of all of the $540,000 in convertible debentures issued on Sept. 30, 2009, which have been converted into common shares of the company at a price of 10 cents per common share. Following these conversions, Maple Leaf has 72,458,502 shares issued and outstanding.
Maple Leaf has changed its auditor. Lo Porter Hetu has resigned, at the request of the company, effective as of Oct. 21, 2010, and Chang Lee LLP has been appointed. The change in auditor has been approved by Maple Leaf's audit committee and board of directors. There were no reservations in the former auditor's reports in connection with the two most recently completed fiscal years or for any period subsequent to the most recently completed period for which an audit report was issued. There were also no reportable events between Maple Leaf and the former auditor or the successor auditor, including disagreements, unresolved issues or consultations, as defined in National Instrument 51-102 (continuous disclosure). All procedures have been properly followed under NI 51-102 regarding the change of auditor and, as required, a notice of change of auditor, together with the required letters from the former auditor and the successor auditor, will be filed on SEDAR with each securities commission in each province or territory in Canada in which Maple Leaf is a reporting issuer.
We seek Safe Harbor.