Hiring Haywood Securities..........for "financial advisory services". The NR doesn't say any more than that. A typical contract like this is to " assist the Company in developing, studying and evaluating a financing plan, strategic and financial alternatives, and merger and acquisition proposals and will assist in negotiations and discussions pertaining thereto."
Since the company is currently well financed, that leaves Haywood likely advising the Company on strategic alternatives. This is a positive development imo. It is certainly time for the Company to start moving forward one way or the other.
https://www.merrexgold.com/s/NewsReleases.asp?ReportID=752892&_Type=News-Releases&_Title=Merrex-Gold-Financial-Advisory-Engagement