From MD&A on Sedar... For the Company to earn an interest in the Black Horse deposit under the option agreement with Bold Ventures Inc., further exploration expenditures of $2.2 million must be completed by September 30, 2015. As no funds for that exploration expenditure are presently available, the Companys interest in the option may need to be relinquished unless its terms can be amended beforehand... ...Under the terms of an employment agreement with the Companys CEO dated October 8, 2008, in the event of a change in control of the Company and the CEOs employment is involuntarily terminated within three years following the change in control, the Company shall pay the CEO an amount equal to three times his then-current base salary and three times his annual bonus most recently paid or accrued along with any unpaid salary and vacation pay. The contract requires payments totaling $1,140,000 for the change of control and $570,000 for the termination clause. As the triggering events have not taken place, the contingent payments have not been reflected in these consolidated financial statements...