On December 15, 2020, K2 & Associates Investment Management Inc. announced that it has requisitioned the GT Gold Corp. board of directors to call a meeting of the Company shareholders for the purposes of, among other things, reconstituting the Board with the removal of 3 incumbent directors and the appointment of 5 independent directors. In addition, K2 & Associates has requested that the Company terminate the position of Executive Chairman currently held by Ashwath Mehra and appoint a customary independent chairman of the Board.