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TESORO GOLD LTD — Remuneration Information 2011
Jun 29, 2011
65957_rns_2011-06-29_91b0ede7-42c5-4412-8b3d-5790731ba6bb.pdf
Remuneration Information
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TO: COMPANY ANNOUNCEMENTS OFFICE COMPANY: AUSTRALIAN SECURITIES EXCHANGE LIMITED FROM: VAN EYK THREE PILLARS LIMITED DATE: 30 JUNE 2011
NO. OF PAGES: 1
REDUCTION OF DIRECTOR FEES
Effective from 1 July 2011, the remuneration of the Chairman, Mr Stuart Nisbett will be reduced from $150,000 per annum to $50,000 per annum, and the remuneration of Mr John Vatovec will be reduced from $75,000 per annum to $25,000 per annum in order to minimise the running costs of the Company.
The remuneration is inclusive of superannuation where applicable.
Directors, Alan Dixon, Alex MacLachlan, Chris Brown and Chris Duffield, continue to waive their right to directors’ fees as they have done since their election to the board on 29 September 2009.
van Eyk Three Pillars Limited ABN 91 106 854 175 PO Box 767, Crows Nest, NSW 1585 P 1300 732 413
www.threepillars.vaneyk.com.au