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TORONTO, ONTARIO--(Marketwire - Jan. 11, 2012) - Melior Resources Inc. (formerly Coalcorp Mining Inc.) (TSX VENTURE:MLR) ("Melior") announces that, as a result of certain U.S. tax regulations relating to share-based compensation arrangements, its previously disclosed compensation arrangement with its Chief Executive Officer, Dr. Charles Entrekin, pursuant to which a portion of Dr. Entrekin's base salary of US$12,000 per month (less certain deductions) was to be paid in the form of common shares of Melior, has been modified such that Dr. Entrekin's base salary will now be paid entirely in cash. In addition to his base salary, Dr. Entrekin also receives an annual retainer for his services as a director and for his services as a member of certain committees of the board of directors, as well as fees for attendance at board and audit committee meetings. |
