Business
Alexander Nubia Announces the Approval of a Bonus to its CEO for Exemplary Service in 2010
Dec. 30, 2010 (Filing Services Canada) -- Alexander Nubia International Inc. (AAN - TSX Venture...
About this update from Aton Resources Inc.
[{"type":"text","content":"\nAlexander Nubia Announces the Approval of a Bonus to its CEO for Exemplary Service in 2010\n\n\n Dec. 30, 2010 (Filing Services Canada) -- Alexander Nubia International Inc. (AAN - TSX Venture), is pleased to announce that its Board of Directors has approved a one-time bonus to its Chief Executive Officer, Alexander Massoud, payable in the form of shares, options and cash.The bonus is for services performed during the fiscal year ending on December 31, 2010 and includes the provision of the following services: 1. Maintenance of favourable relationships with governmental authorities while the Company was preparing for Phase 2 of its exploration program; 2. Ensuring that the Company maintained positive working relationships with its suppliers during the past year; and3. Commitment, work, effort and attention to the needs of the Company and its shareholders.The bonus is to be paid as follows:1. US$70,000 payable in cash; 2. 380,000 common shares in the capital of the Company, with such issuance being conditional upon receiving disinterested shareholder approval in accordance with the rules of the TSX Venture Exchange at the next meeting of the shareholders of the Company; and3. Options to acquire 190,000 common shares exercisable for a period of two years at US$0.225 per share in the first year, and US$0.30 per share for the second year pursuant to the Company's stock option plan.About Alexander Nubia International Inc.Alexander Nubia is a mineral exploration company whose mission is to implement the technical expertise of developed mineral-exploration jurisdictions, such as that of Canada, in resource-rich Africa. Initially, Alexander Nubia has established Egypt as its platform country, focusing on the under-developed Eastern Desert, where historical mining of gold and copper dates back to Pharaonic times. Alexander Nubia presently controls the Abu Marawat concession in Egypt. The Abu Marawat concession, covering an area of approximately 1,370 km2 contains the main Abu Marawat, Semna and Hamama volcanogenic massive sulfide (\"VMS\") properties and other gold and base-metal exploration targets. The concession is located in Egypt's Eastern Desert as part of the Nubian Shield.For more information on Alexander Nubia please visit our web site at www.alexandernubia.com or contact:A. Alexander MassoudPresident & Chief Executive Officer...