TORONTO, Oct. 18, 2019 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM | TSX:XAM) (Xanadu or the Company) advises that it has signed a new Executive Services Agreement (Contract) with the Chief Executive Officer (CEO), Dr Andrew Stewart.
Dr Stewart's new Contract reflects Dr Stewart's relocation to Australia and change in role from Managing Director and CEO to CEO.
The key terms of Dr Stewart's new Contract are:
Total Fixed Remuneration (TFR) including Base Salary and contributions, if any, required under applicable Superannuation Legislation of A$365,000, effective from 1 October 2019;
Consideration of Dr Stewart's eligibility and terms to participate in the Company's discretionary short term incentive (STI) or long-term incentive (LTI) plans have been deferred to a date to be agreed;
The Executive may terminate the Contract for any reason by giving 9 months' notice to the Company;
The Company may terminate the Contract for any reason by giving a period of 9 months' notice to the Executive; and
A post-employment restriction, with a Competitor of the Company within the last 12 months, for a period of 9 months in Mongolia.
Power Nickel Inc. (the "Company" or "Power Nickel") is pleased to announce it has completed the acquisition of an additional 30% of the Nisk Project from Critical Elements Lithium. The last remaining condition was the acceptance of the filing of...
SANY Group (SANY) is taking part in the road construction project in New Zealand's Bay of Plenty, the 12th road upgrading project in New Zealand as the country embarks on major upgrades to its transport infrastructure....
Cornish Metals Inc. (AIM/TSX-V: CUSN) ("Cornish Metals" or the "Company"), is pleased to announce the launch of a new interactive investor hub, intended to provide stakeholders with a more proactive method of communication and enquiry support in...
Ecora Resources PLC (LSE:ECOR) issues the following trading update for the period 1 January to 31 March 2024.Ecora is the leading royalty company focused on supporting the supply of industrial commodities essential to creating a sustainable future....
The Annual General Meeting and the Extraordinary General Meeting agreed in the nomination committee's proposal. Mr. Dag J. Opedal was therefore elected to become the new Chair of the Board of HydrogenPro ASA. The new board consists primarily of...
In June, SUPCON (688777) is poised to launch two groundbreaking products in Singapore: the world's first UCS (Universal Control System) and TPT (Time-Series Pre-trained Transformer), the first time-series model in the process industry.
UCS, a...