EXPM:MBRTF - Post by User
Comment by
Peter518on Sep 24, 2007 9:38am
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Post# 13454310
RE: trading halted? too bad
RE: trading halted? too badInvestors have to wait until the lift of the cease trade order...
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Why cease trade?
Failure to file Independent Technical Report
MBMI has not filed independent technical reports supporting its disclosure of mineral resources and the results of the preliminary assessment for its Philippine nickel properties, contrary to section 4.2(1) 10(i) and section 5.3(1) 3 of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, now section 4.2(1)(j)(i) and section 5.3(1)(c)(i) respectively.
Order
Under section 164(1) of the Act, the Executive Director orders that all trading in the securities of MBMI cease until:
1. it files a current technical report(s) on the Philippines properties completed in accordance with the Act and the regulations, and
2. the Executive Director makes an order under section 171 of the Act revoking this order.
September 21, 2007
https://cto-iov.csa-acvm.ca/SearchArticles.asp?Instance=101&Form=1&Attr7=1&Attr3=1&Attr1=1&Attr1=2&Attr1=3&Attr1=4&Attr1=5&AttrSet4=1