Russell Fryer's new employment agreement reveals that he and Mr. Glasier are actively trying to do a deal to sell or merge WUC. In addition to his monthly consulting compensation of USD $15,000, Fryer negotiated a $350,000 bonus for introducing a counterparty that results in a deal by April 1, 2018:
"Consultant shall be paid a bonus where Consultant introduces the counterparty (the “Introduced Counterparty”) and on or before April 1, 2018, Western completes a merger or consolidation with the Introduced Counterparty whereby immediately following the consummation of such merger or consolidation, in a transaction or series of transactions, Western shareholders after such merger or consolidation do not own fifty percent (50%) or more of the voting shares of stock of the surviving successor company (“Change of Control”). Upon meeting the aforementioned conditions, the Consultant shall be paid a Change of Control bonus in an amount of $350,000, payable in a lump sum within thirty (30) days of the date of the Change of Control. A list of each Introduced Counterparty (the “List”) shall be given to the Western CEO at the beginning of this Agreement. The List may be amended from time-to-time to add additional Introduced Counterparties. Consultant will request the addition of proposed counterparties to the List, and Western will promptly notify Consultant if Western has a prior relationship with proposed counterparty or acknowledge acceptance as an Introduced Counterparty in writing."
Separately, Mr. Glasier has apparently been busy shopping WUC:
"Consultant acknowledges Western has been in discussions with Uranium Energy Corporation, UR Energy Corporation, Energy Fuels Inc. and Anfield Resources Corporation and any transaction concluded with these companies is specifically excluded from this provision."
https://www.sec.gov/Archives/edgar/data/1621906/000121390017005221/f10q0317ex10iii_western.htm
