April 15, 2014 – Melior Resources takes action along lines suggested to them by Takota last November.

In view of the comments we offered at the November 2013 annual meeting of Melior Resources, we are pleased to see that Melior has now implemented a number of the actions we had suggested:

– put Melior cash reserves to work by announcing the purchase of an Australian mining company, Belridge Enterprises Pty Ltd, owner of a mothballed titanium dioxide and phosphate mine that can be profitably restarted,
– restructured the Board of Directors to better manage this acquisition, and
– cut Board fees by 33%.

As a significant minority shareholder, we will continue to monitor closely Melior Resources’ progress.

(Melior News Release: Melior-Belridge and Change of Business )


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