RE:more insider sellingWere they aware of the financing before they announced it on the 23rd? If yes, they could be sued by the CSE - see rules
11 Insider Trading
11.1 Listed Issuers should make insiders and others who have access to material
information about the Issuer before it is generally disclosed aware that trading in
securities of the Issuer (or securities whose market price or value varies
materially with the securities of the Issuer) while in possession of undisclosed
material information or tipping such information is prohibited under applicable
securities legislation, and may give rise to administrative, civil and/or criminal
liability.
11.2 In any situation where material information is being kept confidential,
management is under a duty to take every possible precaution to ensure that no
trading whatsoever takes place by any insiders or persons in a "special
relationship" with the Listed Issuer in which use is made of such information
before it is generally disclosed to the public.
11.3 In the event that the Market Regulator is of the opinion that insider or improper
trading may have occurred before material information has been disclosed and
disseminated, the Market Regulator may require that an immediate
announcement be made disclosing such material information. The Market
Regulator will refer the matter to the appropriate securities commission(s) for
enforcement action.
Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | Volume or Value | Price |
Mar 26/21 | Mar 19/21 | Easdale, Andrew James Alexander | Direct Ownership | Common Shares | 10 - Disposition in the public market | -500,000 | $0.193 |
Mar 19/21 | Mar 17/21 | Haber, Paul | Direct Ownership | Common Shares | 10 - Disposition in the public market | -800,000 | $0.180 |