• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks

    Prophecy Platinum Under Inquiry by BCSC

    Investing News Network
    Dec. 20, 2012 11:46AM PST
    Precious Metals

    Prophecy Platinum (TSXV:NKL,OTCQX:PNIKF) reported that it is under inquiry by the British Columbia Securities Commission with respect to the events leading up to the Company’s news release of July 14, 2011, which disclosed the findings of an independent mineral resource estimate for its Wellgreen property. In response, the Company has formed a special committee of independent directors to assess and make recommendations to the Board regarding the BCSC’s inquiries.

    Prophecy Platinum (TSXV:NKL,OTCQX:PNIKF) reported that it is under inquiry by the British Columbia Securities Commission with respect to the events leading up to the Company’s news release of July 14, 2011, which disclosed the findings of an independent mineral resource estimate for its Wellgreen property. In response, the Company has formed a special committee of independent directors to assess and make recommendations to the Board regarding the BCSC’s inquiries.

    As quoted in the press release:

    Specifically, the BCSC has made inquiries relating to: (i) the chronology of events which preceded the News Release; (ii) the Company’s insider trading policies and procedures in place during the relevant period; (iii) the individuals who had knowledge or awareness of the Resource Estimate prior to the issuance of the News Release; and (iv) communications relating to the Resource Estimate made or received by individuals who were directors, officers or employees of the Company between June 1, 2011 and July 15, 2011.

    In keeping with Canadian principles of good corporate governance, the Company’s Board of Directors (the “Board”) has formed a special committee of independent directors, comprised of Wesley Hall (as Chair) and Mike Sylvestre, to assess and make recommendations to the Board regarding the BCSC’s inquiries. The Company is cooperating with the BCSC and a response has been provided to its specific requests for information. As of today’s date, no further request for information has been received by the Company.

    Click here to read the Prophecy Platinum (TSXV:NKL,OTCQX:PNIKF) press release

    See this press release on Marketwire
    Click here to see the Prophecy Platinum (TSXV:NKL,OTCQX:PNIKF) profile.

    board of directorsotcqx:pnikfprophecy platinumtsxv:nkl
    The Conversation (0)

    Go Deeper

    AI Powered

    Prophecy Platinum Announces New President and CEO

    bar val d or

    Quebec Nickel Corp. – Exploration Update

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×