VANCOUVER, Oct. 9 /CNW/ - The former president of a Vancouver-based
mining company paid a $50,000 fine and had his ability to participate in the
province's capital markets limited for two years by the British Columbia
Securities Commission after he admitted to approving the dissemination of an
investor relations newsletter and press releases that contained misleading
In a settlement agreement with the BCSC, Brent Glen Jardine admitted that
he approved the content and publication of a newsletter and press releases
that misrepresented the value of the Nevada gold and copper properties of
Aberdene Mines Ltd.
From Jan. 27, 2004 to May 31, 2006, Jardine was a director and the
president of Aberdene, which now operates as Canyon Copper Corp. The company
trades on the U.S. over-the-counter bulletin board.
Even though Aberdene was not a reporting issuer under the B.C. Securities
Act, it had significant connections to the province. Aberdene's head office
was in Vancouver and the majority of its directors and officers lived in the
province, including Jardine who lives in Vancouver. The company conducted
investor relations from Vancouver and made a number of private placements to
As Aberdene's president, Jardine signed off on a 17-page, full-colour
promotional brochure that contained misleading statements. Jardine approved
the content of the brochure and its distribution to 500,000 U.S. residents as
a newsletter. It was also available on the Internet. In addition, Jardine
approved news releases that disclosed mineral resources and reserves without
ensuring Aberdene obtained the technical report it was required to file under
Under the settlement, Jardine is prohibited from becoming or acting as a
director or officer, except in limited circumstances, for two years. He is
also prohibited from engaging in investor relations activities for two years.
The B.C. Securities Commission is the independent provincial government
agency responsible for regulating trading in securities within the province.
You may view the settlement on our website www.bcsc.bc.ca by typing in the
search box, Brent Glen Jardine or 2007 BCSECCOM 601. If you have questions,
contact Ken Gracey, Media Relations, 604-899-6577.
For further information:
For further information: Ken Gracey, (604) 899-6577 or (B.C. & Alberta)