British Columbia Securities Commission

MedMen Announces Delay of Filing of Financial Statements for the Year Ended July 1, 2023 and Issuance of Management Cease Trade Order

Retrieved on: 
Thursday, November 2, 2023
Other Retail, Alternative Medicine, Online Retail, Tobacco, Other Consumer, Health, Cannabis, Specialty, Natural Resources, Retail, Consumer, Form 10-K, Documentation, Security (finance), British Columbia Securities Commission, Form, CSE, Bank statement, National Policy, MedMen, Annual report, Cryptocurrency

The Company intends to file the Form 10-K as soon as reasonably possible.

Key Points: 
  • The Company intends to file the Form 10-K as soon as reasonably possible.
  • The Company anticipates having the 2023 Financial Filings available for filing on or before November 29, 2023.
  • The MCTO does not affect the ability of investors who are not insiders to trade in the securities of the Company.
  • MedMen intends to follow the alternate information guidelines contained in National Policy 12-203 for so long as it has not filed the 2023 Financial Filings.

PowerTap Provides Bi-Weekly Status Report

Retrieved on: 
Thursday, October 12, 2023
Hydrogen, OTC, SEC filing, SHIM, Bank statement, Annual Filing Season Program, NP, British Columbia Securities Commission, National Policy, News, NEO, Audit

During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares.

Key Points: 
  • During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares.
  • However, the Company's Chief Executive Office and Chief Financial Officer will not be able to trade in the Company's common shares.
  • The audit committee, the Board and management authorizes SHIM to respond fully to any enquiries by a successor auditor.
  • The Company confirms that it intends to satisfy the provisions of NP 12- 203 and will continue to issue bi-weekly default status reports for so long as it remains in default of the Annual Filings requirement.

OSC alleges multiple breaches of securities law by offshore crypto asset trading platform

Retrieved on: 
Monday, October 2, 2023
Failure, Administrator, Ontario Securities Commission, British Columbia Securities Commission, Person, Prospectus, Canadian Securities Administrators, OSC, Legislation, Cryptocurrency

The OSC alleges that, since at least 2018, CoinField operated an unregistered crypto asset trading platform and allowed Ontario residents to trade crypto asset products that are securities and derivatives.

Key Points: 
  • The OSC alleges that, since at least 2018, CoinField operated an unregistered crypto asset trading platform and allowed Ontario residents to trade crypto asset products that are securities and derivatives.
  • The OSC also alleges that CoinField did not, and continues not to, have sufficient crypto assets in custody to satisfy investor withdrawal requests.
  • This enforcement action is part of the Canadian Securities Administrators' ongoing, coordinated effort to ensure that crypto asset trading platforms comply with securities legislation in Canada.
  • Before investing in crypto assets, investors should also consult the list of platforms that are registered with Canadian securities regulators.

Powertap Announces Late Filing of Annual Financial Statements and Management Cease Trade Order

Retrieved on: 
Saturday, September 30, 2023
Hydrogen, Shim, Bank statement, Annual, Chartered Professional Accountant, British Columbia Securities Commission, SEC filing, OTC, Annual Filing Season Program, National Policy, News, NEO, Audit

The Company has applied for, and has been granted, a management cease trade order (the “MCTO”) by the British Columbia Securities Commission.

Key Points: 
  • The Company has applied for, and has been granted, a management cease trade order (the “MCTO”) by the British Columbia Securities Commission.
  • The auditors have requested more time for partner and consultant review as part of those enhanced measures.
  • During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares.
  • However, the Company's chief executive office and chief financial officer will not be able to trade in the Company's common shares.

15316171 Canada Inc. Acquires Control of Over 5% of the Shares of Search Minerals Inc. and Intends to Seek Board and Management Changes

Retrieved on: 
Thursday, September 7, 2023
REE, Communication, Petros Molyviatis, TSX Venture Exchange, British Columbia Securities Commission, BCSC, File, University of São Paulo, CAD, AGM, Mass meeting, Meeting, Jubilee Holdings Limited, Shareholder, Toyota Canada Inc., Government, New Board, Investment, Risk, National instrument, Mining, National Instrument 43-101, Management, Letter, News, Disruptive Behavior Disorders Rating Scale, Annual general meeting, Security (finance), Holding company, SEARCH

The Shareholder has beneficial ownership of and\or voting control and direction over an aggregate of 26,579,635 common shares (the "Shares"), representing approximately 6.38 % of the total issued and outstanding common shares of SEARCH.

Key Points: 
  • The Shareholder has beneficial ownership of and\or voting control and direction over an aggregate of 26,579,635 common shares (the "Shares"), representing approximately 6.38 % of the total issued and outstanding common shares of SEARCH.
  • In the Shareholder's view, the SEARCH Board is not an independent board, as George Molyviatis and Jocelyn Bennett are the principals of InCoR Holdings Limited.
  • which owns appropriately 95M shares or 22.92 %, and as per the Company's news release of March 6, 2023, Dr. David Dreisinger is also not independent.
  • The Shareholder is convinced that a new Board of Directors is critical to align the interests of shareholders and management.

CSE Bulletin: Suspension - FenixOro Gold Corp. (FENX)

Retrieved on: 
Thursday, September 7, 2023
CSE, Politique, British Columbia Securities Commission, National instrument, Policy, Bourse des Valeurs d'Abidjan, Nightclub

Toronto, Ontario--(Newsfile Corp. - Le 7 septembre/September 2023) - Effective immediately, FenixOro Gold Corp. is suspended pursuant to CSE Policy 3.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - Le 7 septembre/September 2023) - Effective immediately, FenixOro Gold Corp. is suspended pursuant to CSE Policy 3.
  • The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules.
  • À compter d'aujourd'hui, FenixOro Gold Corp. est suspendu conformément à la politique 3 du CSE.
  • La suspension est considérée comme une interruption réglementaire telle que définie dans la Norme canadienne 23-101 sur les règles de négociation.

NorthWest Copper Provides Update on BC Securities Commission Application Regarding Self-Interested Activists

Retrieved on: 
Friday, September 15, 2023
BLUE, Letter, Activism, FOR, British Columbia Securities Commission, Glass Lewis, Suite, The Company, The Sundays, HSBC Building, Blackwell, Growth, Lavender Hill Mob (gay activist group), Proxy, ISS, Holding company, Management, Points of the compass

NorthWest made the application to try to ensure that shareholders had full access to information about the Activist Group and their alleged joint-actor conduct.

Key Points: 
  • NorthWest made the application to try to ensure that shareholders had full access to information about the Activist Group and their alleged joint-actor conduct.
  • NorthWest is disappointed by the decision, and still believes that the Activist Group’s disclosure was inadequate and misleading.
  • Over the last 12 months, NorthWest has refreshed both the Board and management team to guide the Company’s future growth.
  • NorthWest urges shareholders to vote the BLUE proxy as recommended by both ISS and Glass Lewis.

Nevgold Issues Clarification on Previous Technical Disclosure

Retrieved on: 
Wednesday, September 13, 2023
TSX Venture Exchange, Disclosure, Nutmeg, NAU, British Columbia Securities Commission, Gold, National instrument, NI, Mining, National Instrument 43-101, Press release, News, Rare-earth element, Uranium mining, Video

Vancouver, British Columbia, Sept. 13, 2023 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) announces that as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify certain disclosure.

Key Points: 
  • Vancouver, British Columbia, Sept. 13, 2023 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) announces that as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify certain disclosure.
  • The Company retracts these statements with respect to targets for future potential resources on the Company’s mineral properties.
  • In the Video, references were made to “ore” in respect of the Company’s Nutmeg Mountain Project.
  • For further information, please contact Brandon Bonifacio at [email protected], call 604-337-5033, or visit our website at www.nev-gold.com .

NorthWest Copper Announces Support for the Company’s Board Nominees From Leading Proxy Advisory Firm ISS

Retrieved on: 
Thursday, September 7, 2023
Inference, BLUE, Activism, FOR, BCSC, Chairperson, Chair, Employee stock option, Annual, British Columbia Securities Commission, Finance Secretary (India), The Company, Social Democrats (Slovenia), Hearing, Lavender Hill Mob (gay activist group), News, Proxy, ISS, Holding company, Airline, Management, Security (finance), Points of the compass

The Company thanks its shareholders for the strong voting support that the incumbent directors have received so far.

Key Points: 
  • The Company thanks its shareholders for the strong voting support that the incumbent directors have received so far.
  • Further, NorthWest advised that the activist group (the “Activist Group”) unsuccessfully attempted to recruit NorthWest’s Chair and NorthWest’s Interim President and CEO.
  • ISS, which is recognized as a leading independent proxy voting and corporate governance advisory firm in both Canada and the United States, recommends that shareholders vote FOR the incumbent Board and all Management Proposals.
  • NorthWest urges shareholders to vote only the BLUE proxy FOR NorthWest’s seven Director nominees, all of whom are shareholders.

Liquid Meta Announces Cease Trade Order

Retrieved on: 
Monday, September 11, 2023
BCSC, Bank statement, Annual, British Columbia Securities Commission, SEC filing, CFO, Annual Filing Season Program, Multilateral, NEO, Financial statement, Cryptocurrency, Audit

TORONTO, Sept. 11, 2023 /PRNewswire/ - Liquid Meta Capital Holdings Ltd. ("Liquid Meta" or the "Company") (NEO:LIQD) (FRANKFURT: N5F) (OTCQB: LIQQF) announces that the British Columbia Securities Commission (the "BCSC") has notified the Company that it will issue a cease trade order ("FFCTO") under Multilateral Instrument 11-103 – Failure-to-File Cease Trade Orders in Multiple Jurisdictions against the Company today due to the delay in filing its audited annual financial statements, accompanying management discussion and analysis, and CEO and CFO certifications for the financial year ended May 31, 2023 (the "Annual Filings") in accordance with the regulations.

Key Points: 
  • TORONTO, Sept. 11, 2023 /PRNewswire/ - Liquid Meta Capital Holdings Ltd. ("Liquid Meta" or the "Company") (NEO:LIQD) (FRANKFURT: N5F) (OTCQB: LIQQF) announces that the British Columbia Securities Commission (the "BCSC") has notified the Company that it will issue a cease trade order ("FFCTO") under Multilateral Instrument 11-103 – Failure-to-File Cease Trade Orders in Multiple Jurisdictions against the Company today due to the delay in filing its audited annual financial statements, accompanying management discussion and analysis, and CEO and CFO certifications for the financial year ended May 31, 2023 (the "Annual Filings") in accordance with the regulations.
  • The FFTCO prohibits the trading in all securities of Liquid Meta Capital Holdings Ltd. in each jurisdiction in Canada until such time as the Company is able to complete the filing of the Annual Filings and successfully apply for a revocation of the FFCTO.
  • If the Annual Filings are made within 90 days of the date of the FFCTO, such filings will constitute the Company's application to have the FFCTO revoked.
  • There can be no assurance that the FFCTO will be revoked on the timeline contemplated by the Company or at all.