St. Jude Resources......V.SJD Message Board

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Gold/Mining/Energy : St. Jude Resources......V.SJD

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To: Keiko who wrote ()	4/23/2000 7:57:00 PM
From: rdww	of 3065

3. The CDNX Policy requires that management compensation agreements which permit in excess of $5,000 per month to be paid to directors and officers must be submitted to the Exchange for review. The Policy prohibits an Inactive Issuer from paying more than an aggregate total of $2,500 per month in management compensation. The ASE policy (Circular No. 1) limits the maximum compensation payable to any individual to $60,000 if an Issuer did not have a history of net income.. The revised provision permits CDNX to review and assess the compensation without imposing an outright prohibition. The CDNX Policy also provides some guidance as to what might be considered unacceptable management compensation. Does this apply to Mike? $60K limit with no net income?

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