GWA Group Ltd V.GWA

A good role model at PGC

[Tim2Agami]

A responsible and ethical management move from Plato Gold can serve as an example in an industry unxer stress of alternatives to cash spent on, for example, $500,000 a year salaries, rather than on contracting local drilling firms to increase measured and indicated reserves, and thereby increase the asset value of the company pending sale.

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At the [Plato Gold Corp] meeting of the board of directors, the current directors and the President & CEO, agreed to write off the accrued liabilities for past directors’ fees from 2008 to 2018 and the accrued liabilities for the President & CEO’s past salary from 2015 to 2018, totaling $685,753.74.

This eliminates the amount from the Company’s accrued liabilities, in exchange for $4,662.50 representing the equivalent of $100 per year for each director and for the President & CEO, for past services rendered. 

The board of directors also set the directors fees at $100 per year and the salary of the President & CEO at $100 per year starting January 1, 2019.

Read more at https://www.stockhouse.com/news/press-releases/2018/11/21/plato-gold-reports-on-third-quarter-results-and-writes-off-accrued-liabilities#KsuEvMwLWrJjvw45.99