RE: RE: Report a Scam
Click here to read Policy 3.3 from the TSX-V Corporate Finance Manual.
From Policy 3.3 Section 3.8(G):
Without limiting the concept of Material Information, the following events are deemed to be material in nature and require immediate disclosure in accordance with this Policy:
the borrowing or lending of a significant amount of funds or any mortgaging, hypothecating or encumbering in any way of any of the Issuer’s assets, or an event of default under a financing or other agreement;
Iciena Ventures Inc. was required to notify it's investors, immediately by News Release, when it entered into this loan agreement with its own directors.
From Policy 3.3 Section 12:
12. Breach of Policy
12.1 Any Issuer which fails to comply with any provision of this Policy may be subject to a trading halt of its securities without prior notice to the Issuer until the Issuer has complied with all Exchange Requirements.
12.2 The directors of any Issuer which fails to comply with any provision of this Policy, together with any officer, employee, agent and consultant of the Issuer who is responsible for the Issuer’s failure to comply with any provision of this Policy, may be prohibited by the Exchange from serving as a director or officer of an Issuer, or be prohibited from being an employee, agent or consultant of an Issuer.