Searchlight Minerals Corp. (SRCH)

[gitreal]

Resignation of Director and Executive Officer

On May 16, 2017, Carl Ager resigned as a director of Searchlight Minerals Corp. (the “Company”), effective immediately. Mr. Ager also alleged that he was terminated as Vice President, Secretary and Treasurer without cause by the Company as a result of the Company’s failure to pay his salary, which he believes constitutes a material breach of his employment agreement. The Company disputes this allegation. Further, Mr. Ager has informed the Company that his resignation as a director was due to material disagreements with the management of the Company.

Wahhhh.....poor Mr. Ager.

Is this thing finally coming to an end?