BC Securities Commission -- Cease Trading Order (CTO) Q&A

GoldMinerPulse Blog, September, 2012


BC Securities Commission -- Cease Trading Order (CTO) Q&A

Sent: Tuesday, September 04, 2012 12:04 PM

To: 'Inquiries'

Subject: What is the effect/s of Barkerville Gold CTO on outstanding warrants?

What ho, BCSC,

What of the Barkerville Gold Mines Ltd. outstanding warrants (5,363,480 with a strike price of $0.85 exp. Aug. 28/12, according to a company report of November, 2011) in the wake of the cease trade order (CTO) issued by BCSC Aug. 14/12 (see here)?

Your excellent CTO FAQs section says only that 'In certain circumstances, the BCSC allows BC residents who are not insiders to sell securities of cease-traded issuers into foreign markets. Generally, we grant this relief in circumstances where the BCSC issued the cease trade order for failure to file financial or related disclosure records. The conditions to the relief are contained within the cease trade order itself.' However, the order in this case is silent on warrants. Is there a policy paper or link I have somehow overlooked?


Sent: Wednesday, September 05, 2012 8:57 AM

From: 'Inquiries'

Subject: RE: What is the effect/s of Barkerville Gold CTO on outstanding warrants?

Thank you for contacting the British Columbia Securities Commission (BCSC).

Unless an individual applies for, and is granted, a specific exemption from the Cease Trade Order, no warrant holder may exercise the warrants of Barkerville Gold until the CTO is lifted.

If you have any further questions, please contact us again.

British Columbia Securities Commission
Inquiries@bcsc.bc.ca


Sent: Wednesday, September 05, 2012 8:57 AM

To: 'Inquiries'

Subject: RE: What is the effect/s of Barkerville Gold CTO on outstanding warrants?

Is there any way for investors to know in this case and in the case of CTOs generally whether an exemption has been granted?


Sent: Wednesday, September 05, 2012 9:31 AM

From: 'Inquiries'

Subject: RE: What is the effect/s of Barkerville Gold CTO on outstanding warrants?

Thank you for contacting the British Columbia Securities Commission (BCSC).

An exemption from cease trade order is a BCSC public Decision and Order. All Decisions and Orders are posted to the BCSC website at the following link.


Note: A search of the Decisions and Orders database on September 6, 2012 does not show any decisions regarding the exercise of warrants. Also the links in the above e-mails were edited in the translation from e-mail to html. Other minor edits applied to minimize e-mail boiler plate.

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