InvestorsHub Logo
Followers 12
Posts 1712
Boards Moderated 0
Alias Born 09/10/2019

Re: gitreal post# 48189

Monday, 04/29/2024 5:16:41 PM

Monday, April 29, 2024 5:16:41 PM

Post# of 48939
Hey don't worry about somebody else's assays. Like company stated, assays shall be provided AT THE TIME APPROPRIATE!

Jack, yourself, huggy, philipp, suv (whoever of you is the sole message generator out of these 5 separate accounts), it's none of your business quite literally, you don't own it!You had your chance with Findore minerals and you all ended up breaking the law and blew it.

https://www.theglobeandmail.com/report-on-business/osc-sanctions-former-findore-officials/article18253930/
OSC sanctions former Findore officials
JANET MCFARLANDREAL ESTATE REPORTER PUBLISHED NOVEMBER 22, 2005

Former Findore Minerals Inc. president Andrew Currah has been banned from acting as a director or officer of a public company and cannot trade securities for 10 years under a settlement agreement reached with the Ontario Securities Commission.

The OSC also yesterday sanctioned Findore's investor relations official, Colin Halanen, and two Research Capital Corp. employees who processed stock trades for the Findore officials.

According to the OSC, Mr. Currah and Mr. Halanen made hundreds of improper trades in shares of Findore (later renamed Cantex Energy Inc.) in the Canadian Dealing Network over-the-counter market during the 1990s.

Mr. Currah, for example, used 12 brokerage accounts at five brokerage houses in his own name, his wife's name, and in the name of various companies he controlled, the OSC said, earning a trading profit of $810,000.

The trading, which occurred in 1997 and 1998, created "a misleading appearance" as to the volume of trading in Findore's common shares and the market price of the shares.

The OSC said Findore's shares traded around 10 cents before the questionable trading activity began, and later peaked at $2.30 a share in 1998.

The settlement agreement notes that Mr. Currah sold most of his shares for 15 cents each after he was asked to leave the company in 1999.

Mr. Currah was assessed costs of $45,000. Mr. Halanen, who was hired by Mr. Currah to respond to investor inquiries, was ordered to cease trading in securities for five years and assessed costs of $15,000.

The OSC also sanctioned Joseph Damm and Warren Hawkins of Research Capital, which was the approved market maker for Findore shares.

The OSC said that on a daily basis, Mr. Currah or other members of his team gave instructions to trade in Findore shares to Mr. Damm and his assistant, Mr. Hawkins.

The OSC said Mr. Damm and Mr. Hawkins "failed to ensure they were acting independently" of the promoter of Findore shares.

According to the settlement agreement, Mr. Hawkins must surrender his registration to work in the industry for five years, while Mr. Damm is permanently banned from working in the industry and must also pay $15,000 in costs.