LOT and 2017Happy New Year LOT shareholders. On December 23, 2016 the annual report was quietly released for the fiscal year ending August 31, 2016. Despite the lack of shareholder value being created and another failed bad deal (Red Metal), David saw it to give himself a bonus of $76,775 meaning total annual compensation of $201,775 (up from $125,000 the prior year). Martin banked another $75,000 for his financial services to LOT. While I don't have an issue with the President getting bonuses and a good compenstation package, it needs to based on adding shareholder value (not using the company as an ATM machine). Given where LOT is at, very surprised to see a bonus. I guess when you cannot get the stock to increase and therefore cannot cash in your options, then boosting your salary is the other option. Hopefully David's well paid situation means we will see some fantastic results and exploration activities in 2017. As I said last year, if David cannot deliver solid shareholder value this year, and certainly positive stock price appreciation by April 30, 2017, then I believe LOT should consider a new President capable of doing something constructive with our properties. All going well, David will be able to make this happen and we'll have a great Spring and even better success by the end of 2017. We are sitting on some amazing assets. LOT is currently very undervalued. We just need some support and strong partners on board and invested. GLTA 11.0 RELATED PARTY TRANSACTIONS (continued) 11.1 Transactions avec les principaux dirigeants 11.1 Transactions with key management personnel a) La Socit a vers un salaire de 201 775 $ dont un boni de 76 775 $ (125 000 $ en 2015) au prsident et chef de la direction, David Grondin. a) The Company paid a salary of $ 201,775 of which a bonus of 76,775 $ ($ 125,000 in 2015) to the President and Chief executive officer, David Grondin. b) La Socit a pay un montant de 8 845 $ (7 620 $ en 2015) en charges sociales en lien avec la rmunration du prsident et chef de la direction, David Grondin. b) The Company paid an amount of $ 8,845 ($ 7,620 in 2015) in social charges in connection with the compensation of the President and Chief executive officer, David Grondin. c) La Socit a pay 72 000 $ (72 000 $ en 2015) en honoraires de consultation Corporation financire SKTM Lte, une Socit contrle par Martin Nicoletti, chef des oprations financires. c) The Company paid $ 72,000 ($ 72,000 in 2015) in consulting fees to SKTM Financial Corporation Ltd., a company controlled by Martin Nicoletti, Chief financial officer. d) La Socit a pay 9 900 $ (9 525 $ en 2015) pour le loyer au Centre daffaires du Vieux-Montral Inc., une socit contrle par Martin Nicoletti, chef des oprations financires. d) The Company paid $ 9,900 ($ 9,525 in 2015) for the rent to Old- Montreal business center Inc., a company controlled by Martin Nicoletti, Chief financial officer. e) La Socit a octroy 2 250 000 (1 400 000 en 2015) options aux dirigeants et administrateurs de la Socit. La valeur comptabilise est de 258 527 $ (103 735 $ en 2015.) e) The Company granted 2,250,000 (1,400,000 in 2015) options to officers and directors of the Company. The accounting value is $ 258,527 ($ 103,735 in 2015).