LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

Golden hand shake....

[ub40eh]

Found this on The IKN Blog about Mr. Makuch and his Golden handshake.....that's on heck of an incentive to take a deal... LSG Payola: Here's the thing about the "Change of Control" payments for the CEO of Lake Shore Gold (LSG) (LSG.to), Tony Makuch, as per the latest Management Information Circular: "...the CEO would be entitled to a payment equal to 30 months' salary plus an amount equal to 2.5 times the average of his previous two years bonus payments, and benefits coverage for two years (or payment of an amount sufficient to obtain comparable benefits coverage)" As Makuch is on $55,000/month, that's $1.65m for the salary element. As for the bonus payment element, I don't think that includes the options and shares awards payments, just the cash bonuses. If so it works out at $2.11m. If not it's more. So, at least $3.76m bonus payment for Mr. Makuch thanks to him agreeing to this shitty deal with Tahoe Resources. Nice work if you can get it. https://incakolanews.blogspot.ca/

[diabase1]

I thought the Board of Directors have the final say in any deal!! I could be wrong.

[8gramsplus]

GREAT   THE DIRECTORS   and Mangement sold us  out   to a third world  dealer  in scramble mode to cover  his  risk side of the ledger My Question , Tony  why so cheap  ,  scummy  thinking there dude IM glad you shave that  face , and walk down the streets of   Timmins, This wil lcome back to bite you one day deal sucks