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Engineering, procurement, construction & management of crude oil refineries.

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Policy Documents
Decisions & Orders

Document Sub-category: Cease Trade Orders (Failure To File)
Document No.: 2008/04/30
Subject: Robert Michael Foley, Dr. Kenneth Tangen,Robert Wilson, Mark Parfitt, June Ballant
and Winfield Resources Limited [Cease Trade Order]
Amendments:
Published Date: 04/30/2008
Effective Date: 04/30/2008

______________________________


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2008 BCSECCOM 220




Cease Trade Order

Robert Michael Foley, Dr. Kenneth Tangen,
Robert Wilson, Mark Parfitt, June Ballant
(each referred to separately as the Insider)

And

Winfield Resources Limited

Section 164 of the Securities Act, R.S.B.C. 1996, c. 418



? 1 Winfield Resources Limited is a reporting issuer and has not filed:
    1. a comparative financial statement for its financial year ended December 31, 2007, as required under Part 4 of National Instrument 51-102 (NI 51-102), and
    2. a Form 51-102F1 Management's Discussion and Analysis for the period ended
    December 31, 2007, as required under Part 5 of NI 51-102,

(the required records).

? 2 The Insider may have knowledge of, or access to, a material fact or material change regarding Winfield that has not been generally disclosed.

? 3 Winfield has agreed to file, immediately after this order is granted, the Notice of Default and, if applicable, Default Status Reports, set out in CSA Staff Notice 57-301 Failing to File Financial Statements on Time - Management Cease Trade Orders.

? 4 Under section 164(1) of the Act, the Executive Director orders that all trading by the Insider in the securities of Winfield cease until:
    1. Winfield files the required records, completed in accordance with the Act and rules, and
    2. the Executive Director makes an order under section 164 of the Act revoking this order.

ΒΆ 5 April 30, 2008

Michael L. Moretto, CA, CPA (Illinois)
Manager
Corporate Finance

****************************

I refer you to paragraph 2...as burbotking(sp ???) stated,

The Insider ( in this case the directors) may have knowledge of, or access to, a material fact or material change regarding Winfield that has not generally been disclosed.

I refer you to paragraph 3...

Failing to file Financial Statements on Time, Management Cease Trade Orders

Again, there must be something brewing here, deals completed? I hope so, but note, management is not allowed to trade until the financial statements are filed. End of story.

So let's get that behind us, and we're good to go!!!


May 01, 2008 04:08PM
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