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Time Sym Company Type Headline
06:20 DOM.B Doman Ind Cl B NV In the News Van Sun says Doman faces rocky outlook
06:18 ICS Intrinsyc Software Inc News Release Intrinsyc releases embedded Web technologies for Windows CE
06:15 TCW Trican Well Service Ltd Halt Trading Trican Well halted at open
06:15 SFF Slocan Forest Products Ltd In the News Van Sun/Bloomberg say Slocan rebounds
06:14 LWN Loewen Group Inc (The) Halt Trading Loewen Group halted at open
06:10 NAXOF Naxos Resources Ltd In the News Van Sun says ASC bans Naxos violator Jimmy John
06:10 ABSEC Alberta Securities Commission In the News Van Sun says ASC bans Naxos violator Jimmy John
TEXT:
Naxos Resources Ltd -
Van Sun says ASC bans Naxos violator Jimmy John
Naxos Resources Ltd NAXOF
Shares issued 31,678,737 1899-12-30 close $0
Tuesday Jun 1 1999
See Alberta Securities Commission (ABSEC) In the News
The Vancouver Sun reports in a Calgary Herald dispatch in its Tuesday edition that the former head of Naxos Resources has been banned from trading stocks or acting as a company officer in Alberta for 10 years after he was found guilty of issuing misleading press releases. Reporter Vicki Barnett says that an Alberta Securities Commission panel on Monday found that Mr. John, the president, chief executive and chairman of Vancouver-based Naxos Resources, issued misleading press releases between July 1991 and December 1995. Mr. John is also banned for 10 years from acting as a director or officer of any organization issuing stock in Alberta. He was ordered to pay $9,250 of the $30,000 investigation cost, and $75,000 of the $250,000 hearing costs. It was the third-longest ban imposed by the ASC. Edmonton-based William Grantmyre of American Moneycentre Thrift and Loan was hit with a 25-year ban in 1997, while Calgary-based Larry Ryckman of Westgroup was banned for 18 years in a 1996 commission hearing.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
I only talked to one John in the past, I had better take my own paper in to read.
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