Hi Francis,
I found this article about the President of this company or his he the CEO. What does it mean for shareholders of this company.
Whitegold Resources Corp -
Good behaviour lessens sanctions
Whitegold Resources
Corp
WGO
Shares issued 9530003
1997-11-21 close $0.72
Monday Nov 24 1997
Also BC Securities Commission (BCSEC)
Alasdair William Achilles, also known as Allen
Achilles, has consented to certain orders made
against him by Paul Bourque, the executive
director of the BC securities commission.
Under the orders the exemptions set out in the
registration, prospectus, take over bid and
issuer bid provisions of the securities act do not
apply to him for two years, and for three years
thereafter his ability to trade securities in the
province is restricted. He may then trade only
through one account with one broker, who
must have instructions to send his monthly
trading records directly to Mr Bourque.
Mr Achilles has 180 days to sell shares now
held, but first must deliver to Mr Bourque the
name of the one dealer he intends to use, the
name and the account through which he will
sell, and a list of shares now held. The dealer
must ensure that Mr Bourque receives copies
of the confirmation slips, no unusual effort may
be made to prepare the market or to create a
demand for the shares to be sold, and no
extraordinary commission or other
consideration may be paid.
The orders further prohibit Mr Achilles from
acting as a director or officer of any issuer in
the province, and from engaging in investor
relations activities, for three months. He must
also complete the Securities Program -
Continuous Disclosure, offered by Simon
Fraser University, and pay $15,000 to the
securities commission.
The sanctions arise from his conduct between
June 20, 1991, and March 3, 1992, when he
was the president and a director of Super
Twins Resources. now called Whitegold
Resources. During that period Mr Achilles
operated at least 15 brokerage accounts,
trading in which amounted to more than 25 per
cent of the total Super Twins' volume on the
VSE. The accounts traded with each other,
thereby creating the appearance of misleading
trading activity, he did not file insider trading
reports on a timely basis, and when filed, they
did not accurately reflect his trading.
The commission staff have no evidence that he
has breached the securities act since March 3,
1992, and he says that, to the best of his
knowledge, he has not breached his obligations
under the act in any manner whatsoever since
then.
(c) Copyright 1997 Canjex Publishing Ltd.
canada-stockwatch.com
He doesn't sound to honest of a guy.
GOLDIGER. |
