Silver Scott Mines, Inc. Announces Resignation of CEO and Disposition of Assets
Silver Scott Mines (OTCID:SILS) announced on October 13, 2025 that President and CEO Stuart Fine resigned and entered a separation agreement.
Under that agreement the company transferred rights to certain websites and domains tied to its blockchain and healthtech initiatives to Mr. Fine in exchange for 7,763,993 shares representing his entire ownership interest. The board said it will pursue a different strategic path focused on maximizing remaining assets and evaluating potential acquisitions or business combinations.
Silver Scott Mines (OTCID:SILS) ha annunciato il 13 ottobre 2025 che il presidente e CEO Stuart Fine si è dimesso e ha stipulato un accordo di separazione.
Secondo tale accordo, la società ha trasferito i diritti su determinati siti web e domini legati alle sue iniziative blockchain e healthtech a Sr. Fine in cambio di 7.763.993 azioni che rappresentano la sua intera quota di proprietà. Il consiglio di amministrazione ha dichiarato che perseguirà una direzione strategica diversa incentrata sulla massimizzazione dei beni residui e sulla valutazione di potenziali acquisizioni o fusioni.
Silver Scott Mines (OTCID:SILS) anunció el 13 de octubre de 2025 que el presidente y CEO Stuart Fine renunció y firmó un acuerdo de separación.
Bajo ese acuerdo, la empresa transfirió los derechos de ciertos sitios web y dominios vinculados a sus iniciativas de blockchain y healthtech a el Sr. Fine a cambio de 7.763.993 acciones que representan su interés de propiedad total. La junta dijo que buscará un camino estratégico diferente centrado en maximizar los activos restantes y en evaluar posibles adquisiciones o fusiones.
Silver Scott Mines (OTCID:SILS)는 2025년 10월 13일에 회장 겸 CEO Stuart Fine이 사임하고 separation agreement를 체결했다고 발표했습니다.
해당 계약에 따라 회사는 블록체인 및 헬스테크 이니셔티브와 연관된 특정 웹사이트 및 도메인의 권리를 Fine씨에게 양도했고, 그 대가로 7,763,993주를 받아 그의 소유 지분 전부를 대표합니다. 이사회는 남은 자산의 가치를 극대화하고 잠재적 인수나 사업 결합을 평가하는 방향으로 다른 전략적 경로를 추구할 것이라고 밝혔습니다.
Silver Scott Mines (OTCID:SILS) a annoncé le 13 octobre 2025 que le président et PDG Stuart Fine a démissionné et a signé un accord de séparation.
Sous cet accord, la société a transféré les droits sur certains sites web et domaines liés à ses initiatives blockchain et healthtech à M. Fine en échange de 7 763 993 actions représentant l'intégralité de sa participation. Le conseil d'administration a indiqué qu'il poursuivra une voie stratégique différente axée sur la maximisation des actifs restants et l'évaluation d'éventuelles acquisitions ou fusions.
Silver Scott Mines (OTCID:SILS) gab am 13. Oktober 2025 bekannt, dass Präsident und CEO Stuart Fine zurückgetreten ist und eine Trennungvereinbarung unterzeichnet hat.
Gemäß dieser Vereinbarung übertrug das Unternehmen die Rechte an bestimmten Websites und Domains, die mit seinen Blockchain- und Healthtech-Initiativen verbunden sind, an Herrn Fine im Austausch gegen 7.763.993 Aktien, die sein gesamtes Eigentumsinteresse darstellen. Der Vorstand erklärte, er werde einen anderen strategischen Weg verfolgen, der darauf abzielt, verbleibende Vermögenswerte zu maximieren und potenzielle Übernahmen oder Fusionen zu prüfen.
Silver Scott Mines (OTCID:SILS) أعلنت في 13 أكتوبر 2025 أن رئيسها التنفيذي Stuart Fine استقال وأدخل في اتفاق إنهاء الخدمة.
بموجب هذا الاتفاق، نقلت الشركة حقوق الوصول إلى مواقع ويب ونطاقات مرتبطة بمبادراتها في تقنية البلوكتشين والهايتيك إلى السيد Fine مقابل 7,763,993 سهماً تمثل حصته الملكية الكلية. قالت المجلس التنفيذي/لجنة الإدارة إنها ستتبع مساراً استراتيجياً مختلفاً يركز على تعظيم remaining الأصول وتقييم عمليات استحواذ أو اندماجات محتملة.
Silver Scott Mines (OTCID:SILS) 于 2025年10月13日 宣布，董事长兼首席执行官 Stuart Fine 已辞职并签署了一份分离协议。
根据该协议，公司将与其区块链与健康科技项目相关的某些网站及域名的权利转让给 Fine 先生，以换取 7,763,993股，代表他全部的所有权权益。董事会表示将走不同的战略路径，专注于最大化剩余资产并评估潜在的收购或业务合并。
- Board shifting focus to maximize remaining assets and pursue acquisitions
- Separation resolves CEO leadership role without disclosing litigation or allegations
- President and CEO Stuart Fine resigned effective October 13, 2025
- Company transferred blockchain and healthtech website/domain rights to former CEO
- 7,763,993 shares issued to Mr. Fine as exchange for transferred assets
CHAMPIONS GATE, FL, FL / ACCESS Newswire / October 13, 2025 / Silver Scott Mines, Inc. (OTCID:SILS) announced today the resignation of Stuart Fine, its President and Chief Executive Officer. Pursuant to a separation agreement executed with Mr. Fine, the Company is transferring certain assets to Mr. Fine in exchange for 7,763,993 shares of Silver Scott Mines common stock, which represent Mr. Fine's entire ownership interest in the Company The transferred assets consist primarily of rights to certain websites and domains established in connection with the Company's blockchain and healthtech initiatives.
Wesley Holland, the Company's Chairman, commented "We thank Stuart for his efforts in endeavoring to develop the Silver Scott brand. At this juncture, our Board of Directors has concluded that the long-term interests of the Company's shareholders would be best served by pursuing a different path. As a result, we are shifting our focus to maximizing the value of our remaining assets and evaluating new business opportunities, including potential acquisitions or business combinations with one or more businesses or entities."
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United Stated Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the business of Silver Scott Mines, Inc., are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. These factors include, but are not limited to the ability to successfully implement the business plans of Silver Scott Mines, Inc.
Contact information:
Wesley Holland
whollandmd@gmail.com
520 907 0733
SOURCE: Silver Scott Mines Inc
View the original press release on ACCESS Newswire
FAQ
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