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LaFleur Minerals Inc C.LFLR

Alternate Symbol(s):  WPNNF

LaFleur Minerals Inc. is focused on the acquisition and development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Quebec. The Company is engaged in advancing mining projects with a laser focus on its resource-stage Swanson Gold Project and the Beacon Gold Mill and Property. The Swanson Gold Project is over 15,000 hectares in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. It has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several others. The fully refurbished Beacon Gold Mill is capable of processing over 1,000 tonnes per day and is being considered for processing future mineralized material at Swanson and for custom milling operations. The Company is also actively exploring its Mazerac Lithium Property. Mazerac has approximately 108 claims spanning 63 square kilometers.


CSE:LFLR - Post by User

Bullboard Posts
Comment by lookslikeawinon Jan 23, 2020 11:16am
85 Views
Post# 30588823

RE:This is ABSURD!! Management Agreements, Consulting Contracts

RE:This is ABSURD!! Management Agreements, Consulting Contracts
lookslikeawin wrote: Look at the money these guys are raking in PER MONTH !!!!

Then those HUGE bonuses of $50K to $100K !!


I have never seen that before from a start-up, with no revenue and no potential revenue for at least a year. What is going on here....



$60,000.00 a month just in Exec salaries, nevermind anyone else and of course that minor expense of developing their products, R+D, etc, etc, etc

$21,000 a month for a CTO ??!!!


Looks to me like they'll be running out of money very soon, then what? More dilution of course and at what price?

.25

.20

Who knows....but what I do know is it appears that there will be some major PP's coming and dilution will be a serious problem throughout 2020 and beyond. That is a risk with all start-ups but the salaries listed below are a major RED FLAG to me.



Robert Delamar, CEO 

The  Company  entered  into  a  consulting  agreement  with  Robert  Delamar,  effective  July  1,  2019  (the  “Delamar  Agreement”).  Under  the  terms  of  the  Delamar  Agreement,  Mr. Delamar  agreed  to  provide  senior  consulting  services  and  act  as  Chief  Executive  Officer  of  the  Company  at  a  base  rate  of  $15,000  per month  plus  GST.  The  Company  agreed  to  pay  Mr.  Delamar  a  bonus  of  $50,000  if  the  Company  achieves  a  market  capitalization  of  $50,000,000  and  a  bonus  of  $100,000  if  the  Company  achieves  a  market  capitalization  of  $100,000,000.  The  Company may  terminate the Delamar Agreement  by  providing Mr. Delamar with  30  days written  notice  to  that  effect. 
 
 Michael Malana, CFO 

The Company entered into a consulting agreement with Michael Malana, effective April 1, 2018 and amended July  1,  2019  (the  “Malana  Agreement”). Under  the  terms  of  the Malana  Agreement, Mr. Malana  agreed to  provide  senior consulting services and act as Chief Financial Officer of the Company at a base rate of $6,000 per month plus  GST  for  an  initial  period  of  three  months  after  which  the  services  of  Mr.  Malana  may  be  terminated  by  the Company with 30 days written notice to that effect. 

Mark Williams, CSO 

The Company entered into a consulting agreement with Mark Williams, effective July 1, 2018 and amended July 1,  2019  (the “Williams Agreement”). Under  the  terms  ofthe Williams Agreement, Mr. Williams agreed  to  provide  senior consulting services and act as Chief Science Officer of the Company at a base rate of $1,000 per month plus  GST  for  an  initial  period  of  three  months  after which  the  services  of  Mr.  Williams  may  be  terminated  by  the  Company with 30 days written notice to that effect. 
 
Naresh Singhal, CTO 

  The  Company  entered  into  a  consulting  agreement  with  Naresh  Singhal, effective  July  12,  2019  (the  “Singhal  Agreement”). Under the terms of the Singhal Agreement, Mr. Singhal agreed to provide senior consulting services  and act as Chief Technology Officer of the Company at a base rate of $20,834 per month plus GST. The Company  agreed to pay Mr. Singhal a bonus of $50,000 if the Company achieves a market capitalization of $50,000,000 and  a  bonus  of  $100,000  if  the  Company  achieves  a  market  capitalization  of  $100,000,000.  The  Company  may  terminate the Singhal Agreement by providing Mr. Singhal with 30 days written notice to that effect. 

 Kulwant Malhi, Chairman 

The Company entered into a consulting agreement with Bullrun Capital Inc., a private company controlled by Mr.  Malhi, effective April 1, 2018 and amended July 1, 2019 (the “Bullrun Agreement”). Under the terms of the Bullrun  Agreement,  Bullrun  Capital  agreed  to  provide  senior  consulting services,  including  strategic  advisory,  corporate,  financing, marketdevelopment and capital markets services to the Company at a base rate of $15,000 per month  plus  GST.  The  Company  agreed  to  pay  Bullrun  Capital  a  bonus  of  $50,000  if  the  Company  achieves  a  market  capitalization  of  $50,000,000  and  a  bonus  of  $100,000  if  the  Company  achieves  a  market capitalization  of  $100,000,000.  The  Company  may  terminate  the  Bullrun  Agreement  by  providing  Bullrun  Capital  with  30  days  written notice to that effect. 




https://www.firstrespondertech.com/docs/PrelProspectus1stResponder.pdf





Facts the pumpers want buried


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