OTCPK:SXGDF - Post by User
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ALTOGETHERon Sep 10, 2012 2:41pm
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Post# 20343403
IF YOU CAN'T BEAT 'EM ..... JOIN 'EM
IF YOU CAN'T BEAT 'EM ..... JOIN 'EM Mr. Jeffrey Dahl reports
SAMEX MINING CORP. AND SASCO PARTNERS, LP ANNOUNCE AGREEMENT
Samex Mining Corp. has reached an agreement with its largest shareholders, Sasco Partners LP and Sasan Sadeghpour, that collectively own approximately 23.64 per cent of Samex's outstanding common shares. As part of the agreement, Samex has appointed Mr. Sadeghpour to the Samex board of directors and to the position of chair of the board. Mr. Sadeghpour will also serve on the audit committee and the compensation committee.
"We are pleased to have reached this constructive resolution and look forward to working with Sasco," said Jeffrey Dahl, Samex president and chief executive officer. "Not only has Sasco made a significant financial investment in Samex, Sasco has taken a keen interest in our exploration efforts. The addition of Mr. Sadeghpour to the board will enable us to more fully incorporate valuable input from a major shareholder of the company, and we would like to take this opportunity to welcome him to the board."