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Atacama Resources International Inc. Reports CEO Relinquishing Series A Preferred Share

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Atacama Resources International (OTC Pink: ACRL) has announced that CEO Glenn Grant has relinquished his Series A Preferred Share, which was originally granted on February 1, 2019, as an anti-takeover measure. The share was surrendered on July 25, 2024, and Mr. Grant had not utilized its voting power during his tenure. Currently, there are no Series A Preferred Shares outstanding, and the Board of Directors has no immediate plans to issue any further such shares.

The company, which focuses on mineral exploration in Northern Ontario, emphasizes its commitment to transparency and shareholder value. Atacama Resources International holds significant mining claims in the Kirkland Lake area, with potential for exploring various metals and minerals including gold, silver, lithium, graphite, cobalt, and diamonds.

Atacama Resources International (OTC Pink: ACRL) ha annunciato che il CEO Glenn Grant ha rinunciato alle sue Azioni Preferenziali di Serie A, originariamente concesse il 1 febbraio 2019 come misura anti-ostilità. L'azione è stata restituita il 25 luglio 2024 e il signor Grant non ha mai utilizzato il suo potere di voto durante il suo mandato. Attualmente, non ci sono Azioni Preferenziali di Serie A in circolazione e il Consiglio di Amministrazione non ha piani immediati per emettere ulteriori azioni di questo tipo.

L'azienda, che si concentra su esplorazione mineraria nel Nord dell'Ontario, sottolinea il suo impegno verso la trasparenza e il valore per gli azionisti. Atacama Resources International possiede importanti diritti minerari nell'area di Kirkland Lake, con potenzialità per esplorare vari metalli e minerali, tra cui oro, argento, litio, grafite, cobalto e diamanti.

Atacama Resources International (OTC Pink: ACRL) ha anunciado que el CEO Glenn Grant ha renunciado a sus Acciones Preferenciales Serie A, que fueron concedidas originalmente el 1 de febrero de 2019 como una medida anti-toma de control. La acción fue entregada el 25 de julio de 2024, y el Sr. Grant no utilizó su poder de voto durante su mandato. Actualmente, no hay Acciones Preferenciales Serie A en circulación, y la Junta Directiva no tiene planes inmediatos para emitir más acciones de este tipo.

La empresa, que se centra en la exploración mineral en el Norte de Ontario, enfatiza su compromiso con la transparencia y el valor para los accionistas. Atacama Resources International posee importantes derechos mineros en el área de Kirkland Lake, con potencial para explorar varios metales y minerales, incluyendo oro, plata, litio, grafito, cobalto y diamantes.

아타카마 리소스 인터내셔널 (OTC Pink: ACRL)은 CEO 글렌 그랜트가 시리즈 A 우선주를 포기했다고 발표했습니다. 이 우선주는 2019년 2월 1일에 원래 인수 방지 조치로 부여되었습니다. 주식은 2024년 7월 25일에 포기되었으며, 그랜트 씨는 재직기간 동안 투표 권한을 사용하지 않았습니다. 현재 시리즈 A 우선주가 남아 있지 않으며, 이사회는 이러한 주식을 추가로 발행할 즉각적인 계획이 없습니다.

회사는 온타리오 북부의 광물 탐사에 중점을 두고 있으며 투명성과 주주 가치를 강조합니다. 아타카마 리소스 인터내셔널은 커클랜드 레이크 지역에 중요한 광업 권리를 보유하고 있으며, 금, 은, 리튬, 흑연, 코발트, 다이아몬드 등 다양한 금속 및 광물 탐사가 가능성이 있습니다.

Atacama Resources International (OTC Pink: ACRL) a annoncé que le PDG Glenn Grant a renoncé à ses actions privilégiées de série A, accordées à l'origine le 1er février 2019 en tant que mesure anti-OPA. L'action a été restituée le 25 juillet 2024 et M. Grant n'a pas utilisé son droit de vote durant son mandat. Actuellement, il n'y a aucune action privilégiée de série A en circulation et le Conseil d'Administration n'a pas de projet immédiat d'émission d'actions supplémentaires de ce type.

L'entreprise, qui se concentre sur l'exploration minérale dans le nord de l'Ontario, souligne son engagement envers la transparence et la valeur pour les actionnaires. Atacama Resources International détient d'importants droits miniers dans la région de Kirkland Lake, avec un potentiel d'exploration de divers métaux et minéraux, y compris l'or, l'argent, le lithium, le graphite, le cobalt et les diamants.

Atacama Resources International (OTC Pink: ACRL) hat bekannt gegeben, dass CEO Glenn Grant seine Serie A Vorzugsaktien abgegeben hat, die ursprünglich am 1. Februar 2019 als Abwehrmaßnahme gegen Übernahmen gewährt wurden. Die Aktie wurde am 25. Juli 2024 zurückgegeben, und Herr Grant hat während seiner Amtszeit keine Stimmrechte genutzt. Derzeit sind keine Serie A Vorzugsaktien mehr im Umlauf, und der Vorstand hat keine unmittelbaren Pläne, weitere solcher Aktien auszugeben.

Das Unternehmen, das sich auf Mineralerkundung im Norden Ontarios konzentriert, betont sein Engagement für Transparenz und den Wert für die Aktionäre. Atacama Resources International besitzt bedeutende Bergbaurechte im Gebiet Kirkland Lake mit Potenzial zur Erkundung verschiedener Metalle und Mineralien, darunter Gold, Silber, Lithium, Graphit, Kobalt und Diamanten.

Positive
  • Removal of anti-takeover measure potentially increasing shareholder influence
  • Commitment to transparency and shareholder value
Negative
  • None.

Orlando, Florida--(Newsfile Corp. - August 6, 2024) - Atacama Resources International (OTC Pink: ACRL) reports that CEO Glenn Grant has relinquished his Series A Preferred Share.

The Series A Preferred Share was originally granted to Mr. Grant on February 1, 2019 as an anti-takeover measure.

Mr. Grant has not made use of the voting power granted by the Series A Preferred Share and relinquished the Series A share on July 25, 2024.

At present, there are no Series A Preferred Shares outstanding and the Board of Directors does not intend to issue any further Series A Preferred Shares at this time.

Atacama Resources International remains committed to maintaining transparency, delivering shareholder value, and advancing its position as an innovative force in mineral exploration.

About Atacama Resources International (www.acrlintl.com)

Atacama Resources International is a publicly traded OTC Pink company with significant mining claims in the greater Kirkland Lake area of Northern Ontario. Metals and minerals under potential exploration include gold, silver, lithium, graphite, cobalt, and diamonds. Please visit the company's website at www.acrlintl.com for more information.

Forward-Looking Statements

Certain information outlined in this news announcement may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Atacama Resources International. Such forward-looking statements are based on current expectations, estimates, and projections about the Company's industry, management beliefs, and certain assumptions made by its management. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise, and, as such, undue reliance should not be placed on forward-looking statements. Information concerning factors that could cause the Company's actual results to differ materially from those contained in these forward-looking statements can be found in the Company's periodic reports filed with OTC Markets. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise to reflect future events or circumstances or reflect the occurrence of unanticipated events.

For more information, please contact Greg Praver, COO, at gregpraver@acrlintl.com, or Glenn Grant, CEO, at ggrant@acrlintl.com

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218834

FAQ

What recent change has Atacama Resources International (ACRL) announced regarding its shares?

Atacama Resources International (ACRL) announced that CEO Glenn Grant has relinquished his Series A Preferred Share, which was originally granted as an anti-takeover measure on February 1, 2019.

When did Glenn Grant relinquish the Series A Preferred Share of Atacama Resources International (ACRL)?

Glenn Grant relinquished the Series A Preferred Share of Atacama Resources International (ACRL) on July 25, 2024.

Are there any Series A Preferred Shares currently outstanding for Atacama Resources International (ACRL)?

No, there are currently no Series A Preferred Shares outstanding for Atacama Resources International (ACRL), and the Board of Directors does not intend to issue any further Series A Preferred Shares at this time.

What are the main minerals that Atacama Resources International (ACRL) is exploring in Northern Ontario?

Atacama Resources International (ACRL) is potentially exploring for gold, silver, lithium, graphite, cobalt, and diamonds in the greater Kirkland Lake area of Northern Ontario.

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