Sokoman Minerals Corp. V.SIC

Alternate Symbol(s): SICNF

Metals & Mining Industrial Metals & Minerals

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland & Labrador, Canada. The company's primary focus is its portfolio of gold projects along the Central Newfoundland Gold Belt, and the district scale Fleur de Lys project in northwestern Newfoundland. The company also recently entered into a Strategic Alliance with Benton Resources Inc. through three, large-scale joint-venture properties in Newfoundland

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Sokoman Minerals Corp. > Local NFLD plays

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Comment by BlindBoyon May 18, 2021 4:53pm

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Post# 33224177

RE:RE:RE:RE:RE:RE:Local NFLD plays

Yes, he is indeed an insider, subject to blackout rules in place. (I believe Canada and the USA may have slightly different rules, but with similar end goals).

Insiders are required to file a report (an "Insider Report") with securities regulators any time their direct or indirect beneficial ownership of or control or direction over securities of the Corporation changes, including any time they trade in securities of the Corporation.
This is a broad obligation and Insiders must file an Insider Report electronically through the System for Electronic Disclosure by Insiders ("SEDI") within five days after each such change.
Insiders are personally responsible for filing accurate and timely Insider Reports.
Insiders are required to provide a copy of all Insider Reports to the Corporate Secretary of the Corporation concurrent with their filing to regulatory authorities.
Insiders of the Corporation are also required to promptly update their profile on SEDI following any change of name, address, relationship with the Corporation or other change in personal information.
Under the BCSA, companies or persons found guilty of insider trading or insider tipping can be:

Subject to a fine of not more than $3,000,000 or imprisonment for a term of not more than three years for contravening securities laws.
In addition to any imprisonment imposed above, subject to a minimum fine equal to the profit made or loss avoided and a maximum fine of the greater of $3,000,000 and an amount equal to triple the profit made or loss avoided.
Liable to compensate for damages to the buyer or seller of securities (insider trading) or any person that bought or sold securities to or from a tippee (insider tipping).
Prohibited in trading in securities or acting as an officer or director of an issuer.