Mithril Silver and Gold Limited press release
Managing Director Executive Services Agreement
TSXV - TSX Venture Exchange · Gold · Silver · Vanadium · Titanium · Australia
(TheNewswire)
| [](www.mithrilsilvergold.com) | | |
January 7 th , 2025 – TheNewswire - Vancouver, British Columbia - On 7 January 2025 Mithril Silver and Gold Limited (“the Company”) ( ASX:MTH; TSXV:MSG ) executed a new Executive Services Agreement with its Managing Director, John Skeet (Services Agreement). The key terms of the Services Agreement are set out below.
| Position | Managing Director | | Effective Date | 1 November 2024 | | Term | Indefinite | | Base Salary | $300,000 per year excluding statutory superannuation | | Short Term Incentive | Subject to conditions set by the Company, Mr. Skeet may be entitled to a short-term performance-based incentive payment | | Long Term Incentive | Subject to conditions set by the Company, Mr. Skeet may be entitled to a long-term performance-based incentive payment. | | Company Termination Notice Period | 3 months | | Employee Resignation Notice Period | 3 months | | Other | If a change of control occurs and, at any time during the 12-month period following such change of control Mr. Skeet resigns employment for good reason, Mr. Skeet shall be entitled to a payment equal to 3 months’ salary. |
This announcement has been approved for release by the Board of Directors.
-ENDS-
For further information contact:
| John Skeet
Managing Director and CEO
jskeet@mithrilresources.com.au
+61 435 766 809 | Mark Flynn
Investor Relations
mflynn@mithrilresources.com.au
+61 416 068 733 |
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