Gagnon was not offered 10M. He was offered a certain bonus amount for arranging a financing of 10M. That's not going to happen for and by Gagnon obviously as he ceased employment on 6/30/2015.

From the AGM information circular

The Company entered into a further agreement with Mr. Gagnon dated April 25, 2015 whereby his employment would continue to August 15, 2015 to enable a smooth transition to the new COO. Severance of one and a half months’ salary would be payable on August 15, 2015. The expiry date of his stock options were extended to one year from August 15, 2015. This would be conditional upon the Company’s stock option plan being amended at the next annual general and special meeting of shareholders to allow for this, otherwise his stock options would expire in 180 days from August 15, 2015. Therefore, this condition is to be made on a best efforts basis and subject to all necessary regulatory and TSX Venture Exchange (the “Exchange”) approvals. Mr. Gagnon had a prior approved bonus whereby he would receive a bonus upon completion of a financing. This bonus has been amended such that he will receive a bonus of 6 months’ salary on completion of a successful private placement financing equal to or in excess of ten million dollars ($10,000,000), excluding option or warrant exercises, essentially new money, if such financing is completed prior to August 15, 2015