- Defense Metals (OTCQB:DFMTF) has announced the resignations of Craig Taylor as CEO and Director and Len Clough as Director, effective immediately, to pursue other interests.
- The company said that the search for a new CEO is underway.
- In the interim, Executive Chairman Guy de Selliers will lead the company, working closely with the board, President Luisa Moreno, and Lead Independent Director Dale Wallster.
- Furthermore, Alex Heath, Senior Vice President, Corporate Development, and Interim CFO, will play an important role in assisting the executive team and guiding the company through this transition.
- In connection with this transition, the company has agreed to issue Taylor an aggregate of 1.6 million common shares of the company as part of his severance.
