Premier Development and Investment Inc (PDIV)

[againstallodds]

Interesting judgement about GEOXPLORE CEO

BC Securities about GEOXPLOR CEO Edward Clive Ashworth And mining claims selling scheme...

Ashworth's conduct in delivering 280,000 shares to Hooi and Voong, in our view, provides confirmation of the true consideration paid for the three groups of claims and therefore the value of the claims. We find that Ashworth knew that the value of the claims was significantly less than the consideration set out in the three sale agreements, and that at least 280,000 shares issued to him under those agreements were issued by Canada Orient for no value. We therefore find that Ashworth contravened section 41.1 of the Act by engaging in a scheme relating to trades in 280,000 shares of Canada Orient when he knew that the scheme perpetrated a fraud on Canada Orient.

https://www.bcsc.bc.ca/about/media-room/news-releases/1993/securities-commission-releases-ashworth-whorley-barnes-decision