Related Party TransactionsFrom the Sedar first quarter financial statements:
Teuton
For the three months ended March 31, 2021, the Company incurred salary of $45,000 (2020 - $36,000), office, rent, and telephone expenses of $1,200 (2020 – $1,800), and engineering fees that were capitalized to exploration and evaluation assets of $6,800 (2020 - $nil) to the President of the Company. During the three months ended March 31, 2021, the Company incurred share-based compensation of $206,686 (2020 - $12,635) to directors of the Company.
American Creek
For the period ended March 31, 2021, the total remuneration of key management personnel was $275,500 (2020 - $100,500) of management fees and $1,371,207 (2020 - $Nil) of stock-based compensation
I didn't bother to see what AMK is charging to manage Stinger but I doubt it's free and it likely shouldn't be. I didn't include TUDin this comparison either as I didn't find their last quarter financials.
I'm not making any judgements on the above as there are no doubt details that aren't apparent in the figures. I will say this though, based on the above I think we are getting a sweetheart deal from Dino and I want to personally thank him for his years of dedication to the TC project. I think he staked it way back in 1984 or so (don't quote me on that). Not to mention the littany of assets (cash, royalties, properties, joint ventures, etc) outside of TC that he has accumulated on our behalf.
GLTA . . . . . . BB