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SEALAND NATURAL RESOURCES INC FILES (8-K) Disclosing Non-Reliance on Previous Financials, Audits or Interim Review

July 14, 2014

Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.

Following comments received on June 13, 2014 from the staff of the Division of Corporation Finance of the Securities and Exchange Commission (the "SEC"), on July 9, 2014, Steve Matteson, the Chief Financial Officer of Sealand Natural Resources Inc. (the "Company") determined that the Company's financial statements and related disclosures included in the Company's Quarterly Report on Form 10-Q for the period ended February 28, 2014, filed with the SEC on April 21, 2014 (the "Previously Issued Financial Statement"), should not be relied upon. The Company did not properly account for some expenses pertaining to stock discount expense and legal and professional fees.

The Company expects to restate the Previously Issued Financial Statement. The Company is working diligently to prepare and file a restated unaudited interim financial statement for the period ended February 28, 2014 in a Quarterly Report on Form 10-Q/A as soon as possible. The Company believes that this restated filing will contain disclosures that are adequate and appropriate to restate the relevant financial information in the Previously Issued Financial Statement.

Mr. Matteson has discussed the matters mentioned herein with Harris & Gillespie CPA's, PLLC, the Company's independent registered public accounting firm. Harris & Gillespie CPA's, PLLC is now the name of the accounting firm that used to be called Thomas J. Harris, CPA, the Company's independent registered public accounting firm since inception. The Company has not changed its certifying accountant.

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Source: Edgar Glimpses

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