Alexandria Minerals Corp ALXDF

That is why, we should be higher for potential not showing

[Dansul]

TSXV-Listed Alexandria Minerals Drops 16% As CEO, Other Shareholders Seek To Oust Three Directors 2018-02-09 12:45:02 PM ET (MT Newswires)

12:45 PM EST, 02/09/2018 (MT Newswires) -- Alexandria Minerals (AZX.V) shares were down 16% in heavy trading Friday after a shareholders' group that includes its chief executive issued a statement demanding a special meeting to fire and replace three of its directors.  The "Concerned Shareholders" group, which includes chief executive Eric Owens, said in a release it believes the company's board "has failed to be responsive to shareholder expectations and has no coherent strategy for value creation,". They also attacked the board's plans to carry out a strategic review announced in December, which, they said, is not in the best interests of shareholders, particularly ahead of a new resource estimate being prepared for its Orenada project in northern Quebec.  "It is very clear that a newly constituted board of directors is required to unlock the full potential value of Alexandria's assets, and steward the company through an important and active period in its growth story," the group said in its release.  The Concerned Shareholders are looking to replace current board members Peter Gundy, Walter Henry and Gary O'Connor. They have put forward a replacement slate that includes Ian Mellon, Chris Hopkins and Brian Murray, all three of whom have finance or mining experience.  The group, which says it controls more than 5% of Alexandria's shares, did not offer specific reasons for why it wanted the the three members of the six-person board replaced.  The board has not yet responded to the shareholders' request.  Alexandria shares were down $0.015 to $0.08 at last look on the TSX Venture Exchange. It is the most active issue on the exchange, with more than 6.1 million shares traded. ========== We should see, the new board showing the good potential and assets for the company. GLTA, Dan