JOHNSON, HOLSCHER & COMPANY, P.C.
Certified Public Accountants
October 20, 2000
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549
Re: Vega-Atlantic Corporation
File No. 0-27845
Dear Sirs:
I agree with the statements made in Item 4 of the report on Form 8-K of
Vega-Atlantic Corporation (the "8-K Report"), as reprinted below from the 8-K
Report:
"Item 4. Changes in Registrant's Certifying Accountant
On October 20, 2000, Johnson, Holscher & Company, P.C., the principal
independent accountant of Vega-Atlantic Corporation, a Colorado corporation (the
"Company") resigned because of a business decision made by management of
Johnson, Holscher & Company, P.C. to cease rendering services for clients which
involve services or representation under the Securities Act of 1933, as amended,
or the Securities Exchange Act of 1934, as amended. During the Company's two
most recent fiscal years and any subsequent interim period preceding the
resignation of Johnson, Holscher & Company, P.C., there were no disagreements
with Johnson, Holscher & Company, P.C. which were not resolved on any matter
concerning accounting principles or practices, financial statement disclosure,
or auditing scope or procedure, which disagreements, if not resolved to the
satisfaction of Johnson, Holscher & Company, P.C., would have caused Johnson,
Holscher & Company, P.C. to make reference to the subject matter of the
disagreements in connection with its reports. Johnson, Holscher & Company, P.C.,
as the Company's principal independent accountant, did not provide an adverse
opinion or disclaimer of opinion to the Company's financial statements, nor
modify its opinion as to uncertainty, audit scope or accounting principles. The
principal independent accountant did modify its opinion due to going concern
uncertainties.
On October 20, 2000, the board of directors of the Company approved and
authorized the engagement of LaBonte & Co., Chartered Accountants, #1205 - 1095
West Pender Street, Vancouver, British Columbia V6E 2M6 as the principal
independent accountant for the Company."
Very truly yours,
JOHNSON, HOLSCHER & COMPANY, P.C.
/s/ Dean H. Johnson
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By: Dean H. Johnson, C.P.A.
