15316171 Canada Inc. Acquires Control of Over 5% of the Shares of Search Minerals Inc. and Intends to Seek Board and Management Changes
The Shareholder has beneficial ownership of and\or voting control and direction over an aggregate of 26,579,635 common shares (the "Shares"), representing approximately 6.38 % of the total issued and outstanding common shares of SEARCH.
- The Shareholder has beneficial ownership of and\or voting control and direction over an aggregate of 26,579,635 common shares (the "Shares"), representing approximately 6.38 % of the total issued and outstanding common shares of SEARCH.
- In the Shareholder's view, the SEARCH Board is not an independent board, as George Molyviatis and Jocelyn Bennett are the principals of InCoR Holdings Limited.
- which owns appropriately 95M shares or 22.92 %, and as per the Company's news release of March 6, 2023, Dr. David Dreisinger is also not independent.
- The Shareholder is convinced that a new Board of Directors is critical to align the interests of shareholders and management.