Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE

Free
Message: Lori follow the example of Samex Mining and resign

NEWS RELEASE – No. 8-13 September 25, 2013
SAMEX Corporate Update
As reported by the Company in News Release No. 7-13 dated August 21, 2013, the Company consulted with several geological advisors and determined that the most recently received drill assays from the Company’s El Gringo project did not improve from the results announced on May 30, 2013. Irrespective of these efforts, the Company no longer had the capacity to continue independent exploration at its El Gringo Project and management made the decision to halt exploration and explore strategic alternatives.

Despite management’s efforts, to date, the Company has not been able to identify a suitable
strategic alternative. Present Company operations will immediately cease, and the board and
senior management have announced their intentions to resign. For the time being, SAMEX
continues to be a reporting issuer and remains in good corporate standing under the BC
Business Corporations Act, and has no material debts or liabilities at the parent level. It
remains open to the shareholders or any other interested party, in consultation with their own
professional advisers, to take the steps necessary to assume control of SAMEX.

Share
New Message
Please login to post a reply