MX Gold needs to fix this:
BCSC Cease Trade Order
Jan 10, 2018
OTC Disclosure & News Service
British Columbia, Canada -
Citation: 2018 BCSECCOM 15
Cease Trade Order
MX Gold Corp.
Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
1 MX Gold Corp. (MX Gold) is a reporting issuer incorporated in British Columbia with its head office in Vancouver, BC. Its securities are listed on the TSX Venture Exchange.
2 In its July 20, 2017 news release, MX Gold disclosed, for the first time, mineral reserves at its Magistral property (the Magistral Disclosure).
3 In its corporate presentation dated February 2017, MX Gold disclosed, for the first time, the results of a preliminary economic assessment on its Max Molybdenum property (the Max Disclosure).
4 Under 4.2(1)(j)(i) of National Instrument 43-101 Standards of Disclosure for Mineral Projects, MX Gold is required to file technical reports to support the Magistral Disclosure and the Max Disclosure (the required records).
5 MX Gold has not filed the required records.
6 Under section 164(1) of the Act, the Executive Director orders that all persons cease trading in MX Gold securities until:
1. MX Gold files the required records, completed in accordance with the Act and rules, and
2. the Executive Director revokes this order.
7 Despite this order, a beneficial shareholder of MX Gold who is not, and was not at the date of this order, an insider or control person of MX Gold, may sell securities of MX Gold acquired before the date of this order, if:
1. the sale is made through a market outside Canada, and
2. the sale is made through an investment dealer registered in British Columbia.
8 January 10, 2018
Christopher Collins, P. Geo.
Chief Mining Advisor
Corporate Finance
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