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Gold/Mining/Energy : ECHARTERS -- Ignore unavailable to you. Want to Upgrade?

To: knight who wrote (2450)	3/21/1998 3:58:00 PM
From: John Menzies	Read Replies (1) \| Respond to of 3744

I was in deep discussion with a lawyer buddy of mine the other day - there has to be a lawyer joke in the foregoing somewher and he made the intersting observation that the principle difference in reporting requirements between Canada and Australia is that there is no legal liability under statute for the content of press releases made by public companies in Canada - intersting comment. I assume that what this implies is that there is no remedy under statue and that there is no prescribed penalty from the making of false statements. There is of course potential civil liability - but maybe you can not go to prison for it. In Australia on the other hand it is not a wise thing to make false or misleading statements in press releases and in Oz they actually put people in the klink for corporate offences. About NASDAQ ? I would be interested in comment. Eric what you think mate?

To: knight who wrote (2450)	3/22/1998 10:19:00 PM
From: E. Charters	Respond to of 3744

VSE is as stringent as any now. ASE is the most lax I believe. A tad too lax. The idea is to give more corporate freedom but with miners that is dangerous. CDN\|OTC is the most lax. You can really swing a cat there. Montreal on the face of it sounds tough but in practice it's fairly free and easy. It would be a preferred exchange but it's fairly hard to get REAL money and its resource market is stodgy. Nevertheless it trades 7 times the money of Alberta. It's who is doing it that matters. As we have seen from Bre-X scams are possible anywhere.