CMKM Diamonds Inc. (fka CMKX)

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"3. The Respondents traded in the securities of CMKI and CMKM when no receipt had been issued pursuant to section 58 of the Act with respect to those securities;"


Prospectus required

58(1) No person or company shall trade in a security on the person’s or the company’s own account or on behalf of any other person or company where the trade would be a distribution of the security unless:

(a) a preliminary prospectus relating to the distribution of that security has been filed and the Director has issued a receipt for it; and

(b) a prospectus relating to the distribution of that security has been filed and the Director has issued a receipt for it.

(2) A preliminary prospectus and a prospectus may be filed in accordance with this Part to enable the issuer to become a reporting issuer, notwithstanding the fact that no distribution pursuant to the prospectus is contemplated.

(3) A preliminary prospectus and prospectus may be filed pursuant to this section in the prescribed form where the distribution under the prospectus takes place through the facilities of an exchange recognized for this purpose by the Commission, in accordance with the bylaws, regulations or policies of the exchange.

(4) An abbreviated form of preliminary prospectus and an abbreviated form of prospectus may, if permitted by the Commission, be filed pursuant to this section in the form prescribed by the Commission.

1988-89, c.S-42.2, s.58; 1995, c.32, s.35.

Ref: The Securities Act, 1988 http://www.qp.gov.sk.ca/documents/English/Statutes/Statutes/S42-2.pdf