Business
Search Minerals Receives Provincial Environment Assessment Notice, Announces Board Changes and Grant of Stock Options
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About this update from Search Minerals Inc.
[{"type":"text","content":"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. VANCOUVER, British Columbia, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Search Minerals Inc. (“Search” or the “Company”) (TSXV:SMY), is pleased to provide a corporate update with some recent developments in the Company. Environment Assessment Notice from Government of Newfoundland and Labrador Search has received notice from the Government of Newfoundland and Labrador (“Province”) confirming that the Foxtrot Project will require an environment assessment. Search has previously received notice from Canadian Environmental Assessment Agency (the “CEAA”) in January 2018. With this notice, Search will receive further guidelines for the completion of an Environmental Impact Statement (“EIS”) from the Province. These guidelines will augment with the guidelines received from CEAA. Greg Andrews, President & CEO states: “This notice by the CEAA and the Province are milestone events in the development of the Foxtrot Rare Earth Element Project in Southeastern Labrador. We look forward to the preparation of the Environmental Impact Statement and working with all our current and future stakeholders in an open and transparent manner. The guidelines will provide Search with the requirements to initiate and coordinate the necessary environmental base line studies.” Board Changes Roberto Giannetti da Fonseca, a director of Search, since 2011, has resigned from the Company. Greg Andrews, states; “The Search Board of Directors would like to thank Roberto for his contributions during his time as a director with Search Minerals and wish Roberto the best in his future endeavours.” Stock Options Grant Search Minerals has granted, effective today, a total of 5,050,000 stock options to directors, officers, and consultants. All of the stock options are exercisable for a period of 42 months at a price of $ 0.08. The options have been granted pursuant to the Company’s Stock Option Plan. The issuance of the Options is subject to the approval of the TSX Venture Exchange. About Search Minerals Inc. Led by a proven management team and board of directors, Search is focused on finding and developing resources within the emerging Port Hope Simps...