Post by
Robizounskin on Dec 03, 2023 9:41am
Shareholders it’s time to vote
Check your mail or with your broker as we have received our notice of annual general meeting which include the Management Information Circular and the Proxy Voting information form.
The company urges all shareholders to vote by proxy in advance, please do so as it is very important and it’s the only time of the year you can impact some management’s decisions. If you don’t vote then the default answer is yes (for) as per management’s recommendations.
Interesting information found in the Circular;
Executive compensation;
Darren Blaney
$287,200 as salary, consulting fee, retainer or commission.
$100,000 as bonus???
$106,250 as gain of stock options exercised
$493,450 Total compensation (income) in 2022
2,000,000 Stock options shares granted in 2022
Robert Edwards
$208,835 as salary, consulting fee, retainer or commission.
$100,000 as bonus???
$85,000 as gain of stock options exercised
$393,835 Total compensation (income) in 2022
2,000,000 Stock options shares granted in 2022
Not bad for a part-time job as they both have similar or equivalent functions in those other companies;
Affinity Metals Corp.
Stinger Resources Inc.
Newterra Resources Inc.
Also very important, the voting question #4 is related to the Stock Option Plan which allow the management to grant/issue up to 10% of the shares outstanding annually as Stock Options. This may indirectly generate a share dilution of up to 10% every year. Don’t forget the default answer is yes (for).
The AMK free ride until the production notice is given by Tudor is not that free for us shareholders as it may costing us up to 10% per year.
Shares structure from AMK site as of December/01/2023;
Shares Outstanding - 439,714,998
Options Outstanding - 43,915,000
Warrants Outstanding - 0
Fully diluted – 483,629,998
GLTA and live long and prosper
Comment by
bigboy999 on Dec 08, 2023 3:46pm
My bad, I did find the compensation AMK management received for managing Infinity Resources. From Sedar: Included in trade payables and accrued liabilities at September 30, 2023 is $372,500 (June 30, 2023 - $278,000) owed to companies owned by officers of the Company for accrued consulting fees. Infinity is trading at $.02. No comment on my part, just sharing some facts. ............... BB
Comment by
HIGHonLITHIUM on Dec 08, 2023 3:53pm
Who cares Bigboy. This is the AMK board.
Comment by
rockport1 on Dec 12, 2023 5:01pm
September 30, 2021 AMK News Release https://www.americancreek.com/index.php/news/news-2021/556-mericanreekeportshatartnerudoroldasough20210930155503
Comment by
rockport1 on Dec 12, 2023 9:24pm
I had forgotten that St. Andrew's Goldfields held a 2% NSR on part of the Treaty Creek claims. Perhaps, this is what was extingusished on Sep 30, 2021? The unamed NSR Holders may be whoever ended up with the NSR after a couple of buyouts.
Comment by
bigboy999 on Dec 13, 2023 2:11am
Please check your private mail. Thanks ......... BB
Comment by
fordster on Dec 13, 2023 7:21pm
Simply call Kelvin. He's the one that told me that AMK was not going to purchase into their TC NSR...which is around the same time of the 2021 NR. Perhaps they settled it by accepting 100,000 shares of TUD in addition.