Guyana Goldstrike Inc V.GYA

Insiders Loading Up with Fees

[Stooge]

RELATED PARTY TRANSACTIONS

During the period ended July 31, 2019, the Company incurred the following charges with related parties that include officers, directors, key management or companies with common directors of the Company as follows:

a) Incurred management fees of $52,500 (three months ended June 30, 2018- $30,000) and corporate administrative fees of $Nil (three months ended June 30, 2018 - $7,500) to a company controlled by a director and officer of the Company.

b) Incurred accounting fees of $22,500 (three months ended June 30, 2018 - $15,000) and rent of $Nil (three months ended June 30, 2018 - $6,000) to a firm where a director and officer of the Company is a partner.

c) Incurred management fees of $26,631 (three months ended June 30, 2018 - $41,367) which are capitalized to exploration and evaluation assets to a company owned by the operations manager of the Company’s subsidiary.

Source: MD&A 2019-07-31

Very generous to themselves considering GYA is deep in debt and had little activity during those three months.

[LowMoor]

Good..keep selling! .04 is coming...

[Stooge]

So in the three month period, insiders paid a total of $79,131 to two of their own and called it "management fees". What could they possibly have been managing this past summer?

[trends242]

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