Aug. 5, 2002 — John Greenslade, President of Nanotek Inc., announces a plan to restructure the company and focus on the resource industry.
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The company said in a news release that it will focus on the acquisition of advanced stage mineral projects that have both the opportunity for significant reserves as well as the opportunity for early stage production.
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The company is proposing to move its nanotechnology research and development project into a private subsidiary company. It will hold a meeting of shareholders on September 12 to approve a name change to Minterra Resource Corp.