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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Jim Bishop who wrote (11130)10/6/1999 12:00:00 PM
From: Mr Metals  Read Replies (2) of 150070
 
B.C. Securities Commission -
Post says BCSC finds EVC Resources pair bilked investors
B.C. Securities Commission BCSEC
Shares issued 0 1899-12-30 close $0
Wednesday Oct 6 1999

The Financial Post reports in its Wednesday edition that the British Columbia Securities Commission says that two British Columbia men bilked 138 investors of $1.2-million with, among other things, a scheme to recover gold supposedly buried in the Philippine by Japanese soldiers during the Second World War. Reporter Drew Hasselback says the commission has ruled that starting in 1996, Maurice Calf of Langley and Kenneth Erickson of Abbotsford sold investors securities in EVC Resources, a private company that was unauthorized to sell the shares. The commission says the two promoters stretched the truth through a variety of claims, including an assertion that they owned the rights to a "revolutionary method" for extracting gold from waste ore. Investors were promised they would receive shares in EVC and a portion of gold that would be recovered from both the new refining system and from the secret stashes of gold. In a 39-page decision released on Tuesday, the commission said that the defendants violated several portions of the B.C. Securities Act. The commission has yet to issue penalties.

(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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