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: |
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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
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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!!!