New Chief Executive Officer Employment Package
Carrick Gold's new Chief Executive Officer (CEO), Mr John McKinstry formally commenced employment on 31 January, 2011.
Mr McKinstry's remuneration package is:
Base Salary - $300,000 plus statutory superannuation.
Short Term Bonus to be determined by the Carrick Gold Board based on Mr McKinstry's performance of developing the company's gold resource and reserve base and moving the company into gold production.
Issuance of 500,000 fully paid Carrick Gold Ltd shares at $0.58 cents per shares, subject to a three year interest free loan with 50% of the shares subject to 2 year "no sale" undertaking and the remaining 50% of the shares subject to 3 year "no sale" undertaking.
Mr McKinstry provides services to Carrick Gold Ltd affiliate company, Condor Metals Ltd (ASX: CNK) and is remunerated separately for these services.
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