ASA Gold and Precious Metals Ltd C.ASA

Primary Symbol: ASA

ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities. The Company’s investment adviser is Merk Investments LLC.

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ASA Gold and Precious Metals Ltd > An explanation from todays CC

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Comment by 40Baggson Jul 16, 2019 8:58pm

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Post# 29927442

RE:An explanation from todays CC

Reddit user explains the CC well. https://www.reddit.com/r/weedstocks/comments/ce4r6v/valens_groworks_mysterious_five_million_dollar/

In layman's terms, an early iteration of Valens' board agreed to pay the President of the company at that time a consulting fee for his services. They arranged to do so through a consulting fee to his company, Straightfire Consulting, LLC. Without knowing the actual terms of this agreement (I'm guessing it out there, for those willing to look), a reasonable assumption appears to be that it was entered into as early as 2017 and extended outward for multiple years. Under the agreement, 2.35M shares had accrued/been paid out thus far. More would likely be accrued in the coming years.

The company opted to buy out Straightfire in order to terminate what appears to be an agreement with compensation of 1,000,000 shares per year, presumably for at least a couple more years into the future.

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