The Northern Miner (Feb. 23rd to Mar. 1st 1998) in an article, on page 18, states that
.........."The VSE has banned Don Farrell from acting as a director or officer of any VSE-listed company."
And, in the last paragraph, it says,
"According to a press release dated Feb. 9, 1998, Sanfred granted $49,500 in non-arm's length loans to LMX and Farrell Financial that were not authorized by Sanfred's board. The loan to LMX amounted to $40,000, all of which was repaid last week. A total of $9,500 went to Farrell Financial, $4,500 of which is still outstanding." |
