Day: January 3, 2019

The Alberta Securities Commission (ASC) has ordered an interim cease-trade of Prize Mining Corp. shares issued to the subscribers of a July 2018non-brokered private placement until the determination of a January 14, 2019 hearing into allegations about Prize’s public disclosure. The 10-day window gives the junior mining issuer and 12 other respondents time to contest preliminary allegations by Staff of the ASC that Prize breached the Securities Act (Alberta), and acted contrary to the public interest, by making misrepresentations and failing to comply with its continuous disclosure obligations.

Three non-profit firms have filed complaints with the British Columbia Securities Commission accusing the companies of hiding key risks