11:56 AM EST - Search Minerals Inc. : announced that it has completed the previously announced sale of the intellectual property rights to Search's starved acid leaching technology/. Pursuant to the definitive agreement between the parties, Search has transferred all of the intellectual property rights related to SALT to SALT Technology Holdings Inc., a newly-incorporated company, and ICRT has purchased the outstanding shares of SALT Holdings for a total purchase price of $2.2 million, comprised of a cash payment of $50,000, as well as delivery at closing of a $2,150,000 promissory note issued by ICRT to Search. Search Minerals Inc.
shares V.SMY are trading unchanged at $0.06.
