Power Group Projects Corp. Auditor Raises 'Going Concern' Doubt

Power Group Projects Corp is a Canada-based exploration stage company. The Company’s principal business activity is the acquisition and exploration of resource properties. It has not yet determined whether these properties contain economically recoverable ore reserves. Its properties include Atlin West, IceFall, Muddy Gullies, Rizz, Smith and Cobalt. The Atlin West Property is located approximately 14 kilometers (km) west-northwest of Atlin, British Columbia, northwest of Tagish Lake and covers an area of 3,125 hectares (ha). The Icefall Property is located approximately 20 km north of Tulsequah, British Columbia, covering 8,704 ha. The Muddy Gullies Property is located approximately 28 km northeast of the town of Gander, NL. The Rizz Property is located approximately 20 km northwest along the trend of New Polaris/Tulsequah Chief, British Columbia, covering 5,415 ha. The Smith Cobalt properties are located approximately 4 km SE of Cobalt, Ontario and staked claims totaling 2,100 acres.