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BC Iron Pays $66,000 Fine for Failure to Notify Public of Potential Takeover
Mar. 08, 2012 03:51PM PST
Base Metals Investing SMH reported junior miner BC Iron (ASX:BCI) has paid a $66,000 fine after ASIC said the miner failed to inform the market of a potential takeover.
SMH reported junior miner BC Iron (ASX:BCI) has paid a $66,000 fine after ASIC said the miner failed to inform the market of a potential takeover.
As quoted in the market news:
By paying the fine BCI has not accepted the allegation.
In a company announcement last week, BCI stated it did not believe it was obliged to disclose the information because it rejected that it would have impacted on its share price.
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