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Re: jrlsss post# 24406

Tuesday, 07/09/2013 8:52:31 AM

Tuesday, July 09, 2013 8:52:31 AM

Post# of 62039
That can be found in any of the filings. So that you don't have to place any effort into looking, please see the quotes below for the information from the 2012 annual.

J. Rod makes $150K annually, and Budman is to make $100K annually, which was approved in July of 2012. The company's compensation and payroll expenses were $220,528 in 2012.

J. Rod Martin: $150,000
Budman (1/2 year): $50,000
Total: $200,000

That leaves $20,528 for additional compensation.

That isn't taking into account the additional administrative expenses of $118,908.

Effective January 1, 2012 the Company agreed to an Employment agreement with J. Rod Martin the Company’s CEO. The agreement provides for an annual salary of $150,000 until the Company begins production at the Chloride Copper Mine at which time the rate shall increase to $250,000 per year.


Selling, general and administrative expenses for the year ended December 31, 2012 were approximately $1,233,876, which are comprised of $425,167 for consulting expenses , $406,490 for legal, accounting and other professional fees, $220,528 in compensation and payroll expenses $62,783 for business licenses and permits and approximately $118,908 for other administrative expenses. There were no major variations in the components of Selling, general and administrative expenses between the year ended December 31, 2012 and 2011.


On July 18, 2012, Barton R. Budman shall be paid a base annual compensation initially at the rate of $100,000



http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9223779

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