some news that came out today.....
Encanto's Ghadiyali will not stand for re-election
2022-04-21 13:31 ET - News Release
Mr. Hamad Al-Wazzan reports
ENCANTO POTASH CORP. TO APPOINT SUBSTITUTE PROXHOLDERS AND PROCEED WITH ANNUAL GENERAL MEETING
In addition to the resignations of Stavros Daskos and Joseph Varner, Zulfiquar Ghadiyali does not wish to not stand for re-election at the annual general meeting to be held April 26, 2022.
The board of directors has determined to proceed with the meeting. The board does not intend to present alternative nominees for election at the meeting. The board will rely on the discretionary authority granted in the proxy to reduce the number of directors to be elected to four. While Mr. Daskos and Mr. Varner were management's nominees to vote proxies received from shareholders at the meeting, the board is taking steps to ensure that, if Mr. Daskos and Mr. Varner decline to attend the meeting, the company's counsel is appointed as a substitute proxyholder, who will vote proxies submitted in accordance with the instructions received from shareholders.
We seek Safe Harbor.