Great Panther Mining Ltd (GPLDF)

[NYBob]

In Canada shorting may be history soon - ? -

Save Canadian Mining Responds to Canadian Securities Administrators
(CSA) Consultation Paper on Activist Short Selling
March 9, 2021 (Toronto) –

Today Save Canadian Mining is issuing a statement on the recently
concluded consultation that the Canadian Securities Administrators
(CSA) conducted on activist short selling and its potential impact on
Canadian capital markets (CSA Consultation Paper 25-403 – Activist
Short Selling).

“We are pleased to leverage the CSA’s recent consultation on activist
short selling to draw wider attention to existing regulatory loopholes
that have enabled predatory short selling to proliferate at the expense
of junior issuers for many years,” said Terry Lynch, Founder and
Executive Director of Save Canadian Mining. SCM’s formal response to
the consultation was submitted last week.

SCM was launched in 2019 to advocate for the need of governments to
exercise greater oversight in Canada’s capital market structure to
protect the country’s junior mining industry.
Since its launch, SCM has attracted support from the Ontario Mining
Association, the Ontario Prospectors Association, and over 3,000
investors and junior mining companies from across Canada.

Recently SCM took part in the Ontario-based consultations headed up by
the Ministry of Finance and its appointed Capital Markets Modernization
Taskforce.
SCM has publicly commended the task force on their final report and the
report’s inclusion of recommendations that address predatory short
selling.

“We are encouraged to see regulators becoming more interested in
addressing structural problems in our capital markets as they relate to
the enablement of unfair predatory short selling practices,” said
Lynch.
“Our submission to the CSA reflects our belief that, at minimum,
regulators need reinstate the Tick Test –
a 147-year-old regulation that was removed by IIROC in 2012 –
and should move to eliminate the practice of “naked short selling” in
Canada.”

SCM’s submission to the CSA can be viewed on its website at
http://www.savecanadianmining.com

Eric Sprott: Save Canadian Mining, Stop Predatory Short Sellers
13,224 views•Nov 20, 2019

https://www.youtube.com/watch?v=QBPEnUSCnW0&t=2s