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MASTRO CAPITAL SEEKS FORMAL MEETING WITH ALTAI BOARD TO DISCUSS MUCH NEEDED CHANGES
MASTRO CAPITAL SEEKS FORMAL MEETING WITH ALTAI BOARD TO DISCUSS MUCH NEEDED CHANGES Can...
About this update from Altai Resources Inc.
[{"type":"text","content":"\n \n \n \n MASTRO CAPITAL SEEKS FORMAL MEETING WITH ALTAI BOARD TO DISCUSS MUCH NEEDED CHANGES\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n OTTAWA, ON\n \n \n ,\n \n \n Feb. 7, 2023\n \n \n /CNW/ - Mastro Capital Inc., a long-term shareholder Altai Resources Inc. (TSXV: ATI) (the \"\n \n Company\n \n \" or \"\n \n Altai\n \n \"), announces that it is seeking a formal meeting with the board of directors of Altai to have a constructive conversation regarding, among other things, Altai's operations, management, strategy, capital allocation policies, and the composition of its board of directors, the whole with a view toward the long-term value creation for all shareholders.  It is time for change at Altai.\n \n \n On\n \n December 19, 2022\n \n , Mastro Capital sent to the Company's Chairman of the board of directors, Mr. Niyazi Kacira, an email letter (the \"\n \n \n December 19, 2022\n \n Email\n \n \") expressing Mastro Capital's disappointment at the manner in which Altai is currently being run and to formally request a call or meeting before the ill-timed annual meeting of shareholders of Altai (\n \n December 23\n \n , 2022).  Unfortunately, Mastro Capital did not receive a satisfactory reply from Altai and indeed is still waiting for the Company to contact its representatives.  The silence is deafening.\n \n \n Mastro Capital continues to be disappointed with the lack of transparency and communication with shareholders as well as the continued underperformance and lack of direction shown by the Company.  Mastro Capital reiterates its willingness to meet with the board of directors of Altai and is reserving all of its rights as a shareholder, including the possibility of requisitioning a special meeting of shareholders if the board of directors of Altai continues its unresponsive behaviour.\n \n \n A copy of the\n \n December 19, 2022\n \n Email is reproduced below:\n \n \n \"\n \n December 19, 2022\n \n \n \n The Board of Directors of Altai Resources Inc.\n \n 895 Don Mills Road, Two Morneau Shep...