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Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.


OTCQX:BGMZF - Post by User

Bullboard Posts
Comment by Czechlateon Dec 19, 2014 9:32am
150 Views
Post# 23248231

RE:4 days left for tax loss selling

RE:4 days left for tax loss sellingThat would be illegal and is just more BS and false statements from you ......see the law below.

The Law:

Material Changes

Under National Instrument 51-102, which is applicable to all reporting issuers in Canada, if a material change occurs in the affairs of a reporting issuer, the reporting issuer must:

(a)       immediately issue and file a news release authorized by an executive officer disclosing the nature and substance of the change; and

(b)       as soon as practicable, and in any event within 10 days of the date on which the change occurs, file a Form 51-102F3 Material Change Report with respect to the material change.

A “material change” means:

(a)     a change in the business, operations or capital of the reporting issuer that would reasonably be expected to have a significant effect on the market price or value of any of the securities of the reporting issuer; or

(b)     a decision to implement a change referred to in paragraph (a) made by the board of directors or other persons acting in a similar capacity or by senior management of the reporting issuer who believe that confirmation of the decision by the board of directors or any other persons acting in a similar capacity is probable.

Material Facts

Under the securities laws of the various jurisdictions in Canada:

(a)        no person or company in a special relationship with a reporting issuer shall purchase or sell securities of the reporting issuer with the knowledge of a material fact or material change with respect to the reporting issuer that has not been generally disclosed; and

(b)       no reporting issuer or person or company in a special relationship with a reporting issuer shall, other than when it is necessary in the course of business, inform another person or company of a material fact or material change with respect to the reporting issuer before the material fact or material change has been generally disclosed.

A “material fact” means a fact that would reasonably be expected to have a significant effect on the market price or value of the securities.

Material Information

Under the rules of the Toronto Stock Exchange (“TSX”), a listed company is required to disclose material information concerning its business and affairs forthwith upon the information becoming known to management, or in the case of information previously known, forthwith upon it becoming apparent that the information is material. [In restricted circumstances disclosure of material information concerning the business and affairs of a listed company may be delayed and kept confidential temporarily where immediate release of the information would be unduly detrimental to the interests of the company.] 

Material information” is any information relating to the business and affairs of a company that results in or would reasonably be expected to result in a significant change in the market price or value of any of the company's listed securities. 

Material information is broader than a “material change” and consists of both material facts and material changes relating to the business and affairs of a listed company.  Consequently the rules of the TSX, which the securities commission have stated that they expect listed issuers to follow, imposes a higher burden on timely disclosure of material facts than applicable securities law.

The timely disclosure rules of the TSX Venture Exchange (“TSX-V”) are substantively similar to those of the TSX.



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