(TheNewswire)
January 7th, 2025 – TheNewswire - Vancouver, British Columbia - On 7 January 2025 Mithril Silver and Gold Limited (“the Company”) (ASX:MTH; TSXV:MSG) executed a new Executive Services Agreement with its Managing Director, John Skeet (Services Agreement). The key terms of the Services Agreement are set out below.
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Position
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Managing Director
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Effective Date
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1 November 2024
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Term
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Indefinite
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Base Salary
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$300,000 per year excluding statutory superannuation
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Short Term Incentive
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Subject to conditions set by the Company, Mr. Skeet may be entitled to a short-term performance-based incentive payment
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Long Term Incentive
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Subject to conditions set by the Company, Mr. Skeet may be entitled to a long-term performance-based incentive payment.
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Company Termination Notice Period
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3 months
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Employee Resignation Notice Period
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3 months
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Other
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If a change of control occurs and, at any time during the 12-month period following such change of control Mr. Skeet resigns employment for good reason, Mr. Skeet shall be entitled to a payment equal to 3 months’ salary.
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This announcement has been approved for release by the Board of Directors.
-ENDS-
For further information contact:
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John Skeet
Managing Director and CEO
jskeet@mithrilresources.com.au
+61 435 766 809
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Mark Flynn
Investor Relations
mflynn@mithrilresources.com.au
+61 416 068 733
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