Lomiko renews management deals with president, CFO

Lomiko Metals Inc. has renewed the management agreements with each of A. Paul Gill (AJS Management Ltd.) as president and chief executive officer and Jacqueline Michael (M&M Corporate Services Ltd.) as chief financial officer. The terms of the agreement provide for a salary of $7,500 per month plus GST and reasonable out-of-pocket expenses. The agreements contain termination clauses whereby the company is obligated to pay termination pay of 18 times the salary in case of termination or change of control.

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