Silver Scott Mines, Inc. Announces Resignation of CEO and Disposition of Assets [Yahoo! Finance]
SILVER SCOTT MINES INC (SILS)
Company Research
Source: Yahoo! Finance
Pursuant to a separation agreement executed with Mr. Fine, the Company is transferring certain assets to Mr. Fine in exchange for 7,763,993 shares of Silver Scott Mines common stock, which represent Mr. Fine's entire ownership interest in the Company The transferred assets consist primarily of rights to certain websites and domains established in connection with the Company's blockchain and healthtech initiatives. Wesley Holland, the Company's Chairman, commented "We thank Stuart for his efforts in endeavoring to develop the Silver Scott brand. At this juncture, our Board of Directors has concluded that the long-term interests of the Company's shareholders would be best served by pursuing a different path. As a result, we are shifting our focus to maximizing the value of our remaining assets and evaluating new business opportunities, including potential acquisitions or business combinations with one or more businesses or entities." Forward-Looking Statements This press release i
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