RELATED PARTY TRANSACTIONS |
11.
|
RELATED PARTY TRANSACTIONS
|
During the nine months ended September 30, 2020, transactions between the Company’s directors, officers and other related parties were related to compensation matters in the normal course of operations and are measured
at the exchange amount, which is the amount of consideration established and agreed to by the related parties.
Compensation paid to executive officers for the three and nine months ended September 30, 2020 amounted to $220,804 and $674,335 compared to $265,964 and $1,227,127 for the three and nine months ended September 30,
2019.
|
|
September 30, 2020
|
|
|
December 31, 2019
|
|
|
|
Number of
shares
|
|
|
%
|
|
|
Number of
shares
|
|
|
%
|
|
David McNally
|
|
|
4,167
|
|
|
|
0.00
|
|
|
|
4,167
|
|
|
|
0.01
|
|
Monique Delorme1
|
|
|
32,333
|
|
|
|
0.04
|
|
|
|
-
|
|
|
|
-
|
|
Perry Genova
|
|
|
514
|
|
|
|
0.00
|
|
|
|
-
|
|
|
|
-
|
|
Stephen Randall2
|
|
|
22,993
|
|
|
|
0.03
|
|
|
|
22,993
|
|
|
|
0.06
|
|
John Barker3
|
|
|
45,714
|
|
|
|
0.06
|
|
|
|
32,714
|
|
|
|
0.08
|
|
Phillip McStotts3
|
|
|
10,000
|
|
|
|
0.01
|
|
|
|
-
|
|
|
|
-
|
|
John Schellhorn4
|
|
|
-
|
|
|
|
-
|
|
|
|
294
|
|
|
|
-
|
|
Total
|
|
|
115,721
|
|
|
|
0.14
|
|
|
|
60,168
|
|
|
|
0.15
|
|
Common Shares Outstanding
|
|
|
81,549,320
|
|
|
|
100.00
|
|
|
|
39,907,681
|
|
|
|
100.00
|
|
1.
|
Monique Delorme was appointed Chief Financial Officer on October 1, 2020.
|
2.
|
Stephen Randall retired as Chief Financial Officer on September 30, 2020. He remains on the board of directors.
|
3.
|
John Barker and Phillip McStotts retired as directors effective September 30, 2020.
|
4.
|
John Schellhorn retired as a director effective June 4, 2020.
|
|