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Search Minerals Acknowledges Junior Exploration Assistance From Government of Newfoundland and Labrador and Reports AGM Results
VANCOUVER, British Columbia, May 15, 2018 (GLOBE NEWSWIRE) -- Search Minerals Inc. (“Search” or the “Company”) (TSXV:SMY), is pleased to acknowledge receipt of
About this update from Search Minerals Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, May 15, 2018 (GLOBE NEWSWIRE) -- Search Minerals Inc. (“Search” or the “Company”) (TSXV:SMY), is pleased to acknowledge receipt of a grant of $68,722.20 from the Province of Newfoundland and Labrador towards exploration work completed in 2017 on the Company’s Critical Rare Earth Element claims located near the communities of St. Lewis and Port Hope Simpson in Southeastern Labrador. Greg Andrews, President and CEO of Search Minerals, states, “Search is very appreciative of the non-repayable Junior Exploration Assistance Program ('JEA') funds granted by the Province of Newfoundland and Labrador, which enabled us to hire local personnel and continue to explore and advance the Port Hope Simpson Critical Rare Earth Element District (the 'District') in 2017. The Company controls a belt 70 km long and 8 km wide and there are still 20 showings within this belt to be further assessed. The 2017 field season funding allowed our geologists to keep prospective exploration licenses in good standing, and more importantly, allowed Search to initiate a drill program at our Deep Fox prospect. Search anticipates completing the Phase 1 drill program to 2000m at Deep Fox in 2018, and based on positive results, could continue the drill program another 2000m later in the year. The JEA Program and the support of the Department of Natural Resources has played an important role for Search and has enabled us to continue to explore our District in Newfoundland and Labrador and we truly appreciate that support.” Annual and Special Meetings Results The Company is pleased to report that at the Annual and Special Meeting of Shareholders, which took place on April 19, 2018 in Vancouver, British Columbia (the “Meeting”), the shareholders approved the election of Greg Andrews, George Molyviatis, Jocelyn Bennett, David Dreisinger and Leo Power as directors of the Company for the ensuing year. At the Meeting, the shareholders also approved the re-appointment of Mao & Ying LLP Chattered Accountants as auditors of the Company for the ensuing year and the Company’s rolling stock option plan. In addition, the shareholders voted in favour of an ordinary resolution to approve the creation of InCoR Holdings PLC as a new “Control Person” (as such term is defined in the policies of the TSX Venture Exchange (the “Exchange”)) of the Company. ...