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gitreal

12/18/15 12:51 AM

#12776 RE: PennyStockTrader2 #12774

It is only a "43-101 report" or "43-101 compliant", if it is accepted and reviewed by the BCSC. In fact, the BCSC has sent nasty letters to US traded companies that claim to have a 43-101 compliant report. And the SEC is not too happy about it either.

It is not just "doing a technical report to a more stringent standard". It is forbidden for a U.S. issuer to utilize that standard or to reference their report as 43-101 compliant. It is misleading and fraudulent, because it implies that the report was reviewed and approved by the BCSC, which it wasn't.