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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (49937)	3/28/2019 4:35:13 PM
From: Goose94	Read Replies (1) \| Respond to of 203419

Growmax Resources (GRO-V) Mar 28, '19 has terminated Stephen Keith as chief executive officer, effective immediately, who will be replaced by Kal Malhi, chairman of the board of directors. Alfred Wong, a member of the Board, has been appointed to the position of President. All previous Board members of GrowMax have resigned. The Board of Directors ("Board") has also approved a number of resolutions aimed at increasing transparency, reducing expenditures and preserving capital. Director's compensation has been set to $2,000 per month Chief Executive Officer's compensation has been set to $7,000 per month President's compensation has been set to $4,000 per month Formation of an Audit Committee and Compensation Committee, to be chaired by an independent director Appointment of Michael Malana as Corporate Secretary to replace Gary Litwack Appointment of McMillan LLP as legal counsel to replace McCarthy Tetrault LLP The Company will pursue disposing of its Peru based phosphate and potash assets and has hired a Peru based consultant to provide an exit strategy. GrowMax currently has working capital of approximately $25M and is working to identify the best way to deploy this capital and provide the best returns to shareholders. Once a thorough review of the company's assets and liabilities is complete, GrowMax will provide further guidance on the future direction of the company. About GrowMax Resources Corp. GrowMax Resources Corp is a publicly listed Canadian company currently undergoing restructuring. growmaxcorp.com