Fortitude Gold Corp (FTCO)

[8thaero]

But the annual mgt svc agreement with GRC may assure all is timely as possible in SEC arms length following spin off. Best reason I'm buying current ask and div reinvest monthly in TDA acts.


Effective December 31, 2020, in connection with the Spin-Off, the Company entered into a Management Services Agreement with GRC that governs the relationship of the parties following the Spin-Off. The Management Services Agreement provides that the Company will receive services from GRC and its subsidiaries to assist in the transition of the Company as a separate company including, managerial and technical supervision, advisory and consultation with respect to mining operations, exploration, environmental, safety and sustainability matters. The Company will also receive certain administrative services related to information technology, accounting and financial advisory services, legal and compliance support and investor relation and shareholder communication services. The agreed upon charges for services rendered are based on market rates that align with the rates that an unaffiliated service provider would charge for similar services. The Management Services Agreement’s initial term will expire on December 31, 2021, and automatically renew annually. The Agreement may be cancelled upon 30 days written notice by one party to the other during the term.