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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (6787)	2/25/2002 2:30:00 PM
From: Al Collard	Read Replies (1) \| Respond to of 11802

SAG-t...in the news: South American Gold too strapped to pay CFO salary Mon 25 Feb 2002 William C. O'Donnell, the company's chief financial officer, has been forced to resign due to the company's financial position. Since Sept. 30, 1998, the company has been unable to pay Mr. O'Donnell the salary owed to him under his employment agreement. The agreement requires the company to pay a severance payment equal to his base salary at the time of his involuntary resignation, being $112,000 (U.S.). The company plans to issue to Mr. O'Donnell 1,491,280 shares in lieu of the amount owing.