IS THIS ANOTHER ISSUE FOR THE OSC????
posted on
Apr 06, 2011 06:27PM
I am not sure if a board member can trade/dispose of shares during a period of negotiations, but it sure looks suspect to me.
Mr Scola did something with his shares(see below) marked other while still on CMM's board of directors, while the proposed takeover was still being negoitiated, as well as knowing the issue of the cone crusher problems.
Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
Feb 18/11 | Feb 18/11 | Scola, Francis | Indirect Ownership | Common Shares | 97 - Other | -1,250,000 | |
Feb 11/11 | Feb 08/11 | Scola, Francis | Indirect Ownership | Common Shares | 97 - Other | -4,900,000 |
Century Board Resignation
Century wishes to also announce that Francis Scola resigned from the Century board of directors effective March 9, 2011. Century's board of directors wishes to thank Mr. Scola for his contributions and support during his time on the board.
Tks RR