Excel Gold Mining Inc fka EGM

[Lexit]

FYI- Jaqcues Vallee of Excel Mining got beaned by the AMF.

Google Translation:

Montreal - Several criminal decisions related to the illegal distribution of securities of companies Andréane Mineral Resources , HE- 5 Resources and Minerals Izza recently been made under which fines totaling $ 1,263,000 were imposed against four individuals and three companies.

In June 2013, Andrea Cortellazzi pleaded guilty to six counts of unlawful practice of broker and investment aid illegal and fined a total of $ 40,000 . In October 2013 , Serge Ollu also pleaded guilty to 33 counts of illegal practice and using illegal distribution and was fined a total of $ 303,000 . In October , Denyse Raynault also pleaded guilty to 30 counts of using illegal distribution and fined a total of $ 225,000 in his capacity as administrator of the company HE- 5 Resources at the time of the alleged . Finally, in November 2013 , Jacques Vallée pleaded guilty to eight counts of using illegal distribution and fined a total of $ 60,000 .

As companies Izza Minerals and HE- 5 Resources, they both registered guilty pleas to a series of heads of illegal distribution and respectively fined of $ 75,000 and $ 240,000 . As the company Mineral Resources Andréane , she was convicted on 16 counts of illegal distribution after a trial in absentia in November 2013 , she was sentenced to fines totaling $ 320,000 .

The Financial Markets Authority is the regulatory and supervision of the financial sector in Quebec .

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