Shareholders it’s time to voteCheck your mail or with your broker as we have received our notice of annual general meeting which include the Management Information Circular and the Proxy Voting information form.
The company urges all shareholders to vote by proxy in advance, please do so as it is very important and it’s the only time of the year you can impact some management’s decisions. If you don’t vote then the default answer is yes (for) as per management’s recommendations.
Interesting information found in the Circular;
Executive compensation;
Darren Blaney
$287,200 as salary, consulting fee, retainer or commission.
$100,000 as bonus???
$106,250 as gain of stock options exercised
$493,450 Total compensation (income) in 2022
2,000,000 Stock options shares granted in 2022
Robert Edwards
$208,835 as salary, consulting fee, retainer or commission.
$100,000 as bonus???
$85,000 as gain of stock options exercised
$393,835 Total compensation (income) in 2022
2,000,000 Stock options shares granted in 2022
Not bad for a part-time job as they both have similar or equivalent functions in those other companies;
Affinity Metals Corp.
Stinger Resources Inc.
Newterra Resources Inc.
Also very important, the voting question #4 is related to the Stock Option Plan which allow the management to grant/issue up to 10% of the shares outstanding annually as Stock Options. This may indirectly generate a share dilution of up to 10% every year. Don’t forget the default answer is yes (for).
The AMK free ride until the production notice is given by Tudor is not that free for us shareholders as it may costing us up to 10% per year.
Shares structure from AMK site as of December/01/2023;
Shares Outstanding - 439,714,998
Options Outstanding - 43,915,000
Warrants Outstanding - 0
Fully diluted – 483,629,998
GLTA and live long and prosper