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Aston Bay Holdings Ltd V.BAY

Alternate Symbol(s):  ATBHF

Aston Bay Holdings Ltd. is a Canada-based mineral exploration company exploring high-grade critical and precious metal deposits. It is engaged in exploring the Storm Copper Property and Cu-Ag-Zn-Co Epworth Property in Nunavut, and the high-grade Buckingham Gold Vein in central Virginia. It is also in advanced stages of negotiation on other lands with high-grade critical metals potential in North America. The Nunavut property is located 112 km south of the community of Resolute Bay, Nunavut on western Somerset Island. The property is adjacent to tidewater on Aston Bay and comprises 12 prospecting permits and 118 contiguous mineral claims, which comprises of Storm Copper and Seal Zinc, covering an area of approximately 541,796 acres. Under Virginia property, it focuses on exploring two targets in Virginia: high-grade mesothermal gold vein mineralization along strike of the Buckingham Gold Vein and zinc-copper SEDEX-style mineralization in a newly identified base metals/polymetallic belt.


TSXV:BAY - Post by User

Post by Patrick2Lintonon Nov 19, 2022 2:02pm
215 Views
Post# 35112770

Is Goldy and Pump Crew a Paid Promotion

Is Goldy and Pump Crew a Paid Promotion

We just may find out if the Goldy pump crew is being paid for his pumping service. Undisclosed paid promotion is a criminal offence. Seems as though Goldy likes to brag about his direct line of communication to the CEO and the CEO alledgedly seems to communicate to Goldy. It will be interesting to see what might come of this. 
 

Vancouver – Promotions of companies with a connection to British Columbia would become more transparent under new rules proposed by the British Columbia Securities Commission (BCSC).

The disclosure requirements, being published for a 60-day comment period, would enable people to better evaluate the reliability of statements that encourage investment in issuers of securities, often made with the aim of driving up an issuer’s share price. 

“People should know if someone promoting a stock has a financial or other interest, because that would help them decide how much weight to give the promotion and make better informed investment decisions,” said Peter Brady, the BCSC’s Executive Director. 

The rules would apply to newsletters, financial blogs, emails, oral statements, social media posts, videos or any other communications, in any platform or medium, and would require promotional communications to disclose:

  • The name of the issuer on whose behalf the promotion is being conducted
  • Compensation being paid for the promotion
  • Whether the person conducting the promotion owns securities or derivatives related to the issuer
  • Where the promotion is taking place
  • Any other facts that would interfere with the objectivity of the person doing the promotion

The proposed requirements – the first of their kind in Canada – stem from Securities Act amendments that give the BCSC greater power to regulate promotional activity, which is sometimes conducted by issuers, by shareholders, and by third parties. The BCSC can now regulate promotional activity regardless of who is actually conducting it.

The new requirements would apply to all promotional activity that occurs in – or has a real or substantial connection to – B.C., with certain exceptions. 

The BCSC is also proposing a couple of other requirements for venture issuers, as defined in the proposed B.C. Instrument:

  • A venture issuer that outsources promotions would have to issue a news release specifying who it retained, the platforms on which the promotion will appear, and the compensation paid for the promotion. If a significant change occurs to any of this information, the issuer would have to issue an updated news release.
  • A venture issuer with promotional activity exceeding 10 per cent of its total operating expenses in a year (or interim period) would have to disclose those expenditures in its interim and annual reports.

“Some companies have a legitimate need to engage in promotional activities and they should have no trouble complying with the proposed rules,” Brady said. “But abusive stock promotions are a scourge that go hand in hand with abusive trading, and the new rules would give us one more tool to tackle them.”

The BCSC is seeking comments on the proposed rules by July 26, 2021. 

About the British Columbia Securities Commission (www.bcsc.bc.ca)

The British Columbia Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act. Our mission is to protect and promote the public interest by fostering:

  • A securities market that is fair and warrants public confidence 
  • A dynamic and competitive securities industry that provides investment opportunities and access to capital 

Media Contact:
Brian Kladko
604-899-6713

Public inquiries:
604-899-6854 or 1-800-373-6393 (toll free)
inquiries@bcsc.bc.ca

Learn how to protect yourself and become a more informed investor at www.investright.org

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