RE:Management compensation for 9 months... Horsey7 wrote: Related Party Transactions The Company compensates certain of its key management personnel to operate its business in the normal course. Key management includes the Company’s executive officers and members of its Board of Directors. Aggregate compensation paid to key management during the nine-month period ended July 31, 2017 and July 31, 2016 includes: July 31, 2017 July 31, 2016 Management fees paid or accrued to the CEO and CFO $ 211,350 $ 120,000 Share-based payments to officers and directors 114,509 245,368 $ 325,859 $ 365,368 These transactions were in the normal course of operations and were measured at the exchange value, which represented the amount of consideration established and agreed to by the related parties. At July 31, 2017 included in accounts payable and accrued liabilities is $272,193 (2016 – $699,726) owed to current and former officers and directors for salary capitalized to exploration and evaluation assets, consulting fees and reimbursement of expenses. Amounts due to/from related parties are non-interest bearing, unsecured and have no fixed terms of repayment unless otherwise noted. Fair value cannot be readily determined.
They do understand that this is a .025 share valued company or maybe they don't!!
This is from the MD&A September 20, 2017 on SEDAR
Horsey
Whoa!!! Sign me up! There must be some job that I could do.
Heck rent me a dredge and I'll go after that tailings pond. If there's no gold .... just pay me out.