What exactly is management doing?Legal fees for the nine months ended: $315.00
I see management has taken a big salary cut for sitting around twiddling their thumbs! (cough)
During the nine month period ended September 30, 2017, key management personnel charged $138,448 in fees for services rendered. These transactions were in the normal course of business recorded at their exchange amounts, which was established and agreed to by the related parties. Robert Boyd, Peter Friedmann, David Parsons, John Ryder, and Raymond Simpson were Independent Directors of the Company.
From January 1, 2017 up to their date of resignation (July 6, 2017), $34,286 in aggregate has been recorded as payable to these directors to compensate them for their time to fulfill their duties and obligations to the Company in this capacity. Glen Macdonald and Ken Ralfs are Independent Directors of the Company. From the date of their appointment (July 8, 2017) to September 30, 2017, $9,130 in aggregate has been recorded as payable to these directors to compensate them for their time to fulfill their duties and obligations to the Company in this capacity.
At September 30, 2017, there is a balance due to key management personnel of $382,313 and to former key management personnel of $873,845 for compensation, which is included in accounts payable and accrued liabilities.
PROPOSED TRANSACTIONS
As of November 14, 2017, the Company has no proposed material transactions.