Wednesday, January 25, 2023 12:16:02 AM
In August 2009, the Board of Directors approved and the Company executed a management agreement with The PAN Network
(“PAN”), a private business management and consulting company wholly-owned by the Company’s former Chief Executive
Officer. The agreement is in consideration of $18,000 per month, and calls for PAN to provide (a) office and board room space,
including reception, utilities, landline phone/fax, computers, copiers, projectors, and miscellaneous services; (b) financial services,
including accounting, corporate filing and bookkeeping; (c) project and administrative services; (d) resource targeting, acquisition,
development and management services; (e) marketing services, communications, marketing materials management, and writing
services; (f) strategic planning, milestone management and critical path analysis; and (g) online services, including web site hosting,
web site design, web site maintenance, and email services. The agreement includes Mr. Leopold’s salary of $15,000 per month,
which will accrue entirely to deferred compensation during any period in which the commitment remains unpaid. The term of the
agreement is one year, and automatically renews annually on January 1 each year unless otherwise terminated by either party. This
agreement was suspended on May 16, 2022 pending the completion of a private transaction by Mr. Leopold. As of September 30,
2022 and December 31, 2021, the outstanding balance of the NQDC plan is $2,289,920 and $2,222,920, respectively.
Recent NBRI News
- North Bay Resources Announces Arrival of 42 Tons Gold Ore at Bishop Gold Mill, California • InvestorsHub NewsWire • 12/20/2024 02:00:00 PM
- North Bay Resources Announces MET Results of 97% Gold Recovery with Upgrade to 11.2 Ounces per Ton Concentrate, Fran Gold Project; Completes 120 Ton Winter Ore Shipment • InvestorsHub NewsWire • 12/16/2024 02:00:00 PM
- Shares of Natural Resource Explorer Up Following Development at Gold Project • AllPennyStocks.com • 12/02/2024 06:30:00 PM
- North Bay Resources Commences Fran Gold Winter Ore Shipment to Bishop Gold Mill, California • InvestorsHub NewsWire • 12/02/2024 02:07:41 PM
- North Bay Resources Announces Production of Gold Concentrate and Refinery Shipment at Bishop Gold Mill, California • InvestorsHub NewsWire • 11/18/2024 02:00:00 PM
- North Bay Resources Announces Assays up to 9.5% Copper at Murex Copper Project, British Columbia • InvestorsHub NewsWire • 11/04/2024 02:00:00 PM
- North Bay Resources Announces Federal (MSHA) Approval of Mt. Vernon Gold Mine Operational Plan and Commencement of Production, Sierra County, California • InvestorsHub NewsWire • 10/21/2024 01:00:00 PM
- North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • InvestorsHub NewsWire • 10/04/2024 01:15:00 PM
- North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • InvestorsHub NewsWire • 09/25/2024 01:15:00 PM
- North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • InvestorsHub NewsWire • 09/11/2024 01:15:00 PM
- North Bay Resources Commences Gold Shipments, Fran Gold Project, British Columbia; Enters Taber Gold Mine JV, Sierra County, California • InvestorsHub NewsWire • 09/09/2024 01:15:00 PM
- North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • InvestorsHub NewsWire • 08/26/2024 02:00:44 PM
- North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • InvestorsHub NewsWire • 08/22/2024 02:28:03 PM
- North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California • InvestorsHub NewsWire • 08/05/2024 01:00:00 PM
- North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • InvestorsHub NewsWire • 07/18/2024 01:00:00 PM
- North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • InvestorsHub NewsWire • 06/27/2024 01:00:00 PM
- North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • InvestorsHub NewsWire • 06/18/2024 01:18:44 PM
- North Bay Resources Reports Assays up to >25% Mg, 0.1% Ni, 0.1% Cu, 0.01% Co, 0.3 ppm Pt at Tulameen Platinum Project, British Columbia • InvestorsHub NewsWire • 05/29/2024 01:03:34 PM
- North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • InvestorsHub NewsWire • 05/21/2024 01:07:26 PM
- North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • InvestorsHub NewsWire • 04/23/2024 01:41:02 PM
- North Bay Resources Announces Acquisition of 55.5% of Bishop Gold Mill, Inyo County, California • InvestorsHub NewsWire • 04/08/2024 02:38:35 PM
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