Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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Message: Re: Some points from the 'FDN Resource Technical Report Nov 2007'

 

Great Post as always Been There...

For your information Patrick and Keith Barron have a royalty set up on all the property...the below was from one of the Quarterly MD & A's  filed by the company for June 30.2007

I like the way Patrick and Keith set this up so they get compensated "if" Aurelian was successful in finding a deposit or two.....to me this is a lot fairer to shareholders then taking excessive compensation along the way ( the likes of Fred George of Gammon Gold).... 

 

TRANSACTIONS WITH RELATED PARTIES
The Property plus future properties acquired within one kilometre of the boundaries of the owned
properties plus certain defined Conceptual Concessions (if acquired) are subject to royalties to Patrick
Anderson (an officer and a director of the Company) and Keith Barron (a director of the Company)
ranging from 1% to 2% of future net sales returns, net smelter returns and net smelted products. The
royalties were granted in 2003 in connection with the Company’s acquisition of the Property.

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