Poon <APoon@bcsc.bc.ca>
Subject: News release: BCSC settles with mining company president forreporting deficiencies
PLAIN TEXT:
BCSC settles with mining company president for reporting deficiencies
Vancouver - The British Columbia Securities Commission (BCSC) has reached a settlement agreement<https://www.bcsc.bc.c
--->a/Enforcement/Settlements/Carl_Vance_Loeber_and_Nickel_One_Resources_Inc___Settlement_Agreement_/> with the president
--->of a junior mineral exploration company that filed a deficient technical report.
Carl Vance Loeber is the president and a director of Nickel One Resources Inc., a junior mineral exploration company w
--->ith shares listed on the TSX Venture and Frankfurt exchanges.
In the settlement, Loeber admitted that Nickel One's disclosure triggered the requirement to file a new technical repo
--->rt for a mineral property it acquired in February 2017. Despite that requirement under National Instrument 43-101 Sta
--->ndards of Disclosure for Mineral Projects (NI 43-101), Loeber only obtained a new report after BCSC staff advised him
--->of the obligation.
When the new report was filed in April 2017, it disclosed mineral resources and technical information improperly, and
--->a qualified person responsible for preparing the new report had not conducted a current inspection of the newly acquir
--->ed property as required under NI 43-101.
Despite knowing from at least July 2017 that the new report was deficient, Nickel One did not issue a retracting news
--->release until mid-September 2017.
Loeber has agreed to undertake further training and education with respect to the requirements of NI 43-101 and the du
--->ties and responsibilities of directors and officers of public companies. He must complete the courses of study by Sept
--->ember 28, 2019 and provide proof in writing of attendance and successful completion to the BCSC Executive Director.
You may view the settlement agreement on our website www.bcsc.bc.ca<http://www.bcsc.bc.ca/> by typing Carl Vance Loebe
--->r or 2018 BCSECCOM 291 in the search box. Information about disciplinary proceedings can be found in the Enforcement s
--->ection<https://www.bcsc.bc.ca/Enforcement/> of the BCSC website.
The Canadian Securities Administrators maintains national databases for disciplined persons and firms<http://www.secur
--->ities-administrators.ca/disciplinedpersons.aspx?id=74> and cease trade orders<http://cto-iov.csa-acvm.ca/Default.asp?I
--->nstance=101&Script=Issuers&Letter=a&XSL=SearchByCompanyName>. These databases include all persons in Canada discipline
--->d for securities trading offences.
About the British Columbia Securities Commission (www.bcsc.bc.ca<http://www.bcsc.bc.ca>)
The British Columbia Securities Commission is the independent provincial government agency responsible for regulating
--->capital markets in British Columbia through the administration of the Securities Act. Our mission is to protect and pr
--->omote the public interest by fostering:
* A securities market that is fair and warrants public confidence
* A dynamic and competitive securities industry that provides investment opportunities and access to capital
- 30 -
Media Contact:
Andrew Poon
604-899-6880
Public inquiries:
604-899-6854 or 1-800-373-6393 (toll free)
inquiries@bcsc.bc.ca<mailto:inquiries@bcsc.bc.ca>
Learn how to protect yourself and become a more informed investor at www.investright.org<http://www.investright.org/>
________________________________
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<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center">
<b><span lang="EN-GB">BCSC settles with mining company president for reporting deficiencies<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><b><span lang="EN-GB"><o:p> </o:p></span></b
--->></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><b><span lang="EN-GB">Vancouver</span></b><span l
--->ang="EN-GB"> - The British Columbia Securities Commission (BCSC) has reached
<a href="https://www.bcsc.bc.ca/Enforcement/Settlements/Carl_Vance_Loeber_and_Nickel_One_Resources_Inc___Settlement_Ag
--->reement_/">
a settlement agreement</a> with the president of a junior mineral exploration company that filed a deficient technical
---> report.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB">Carl Vance Loeber is the presi
--->dent and a director of Nickel One Resources Inc., a junior mineral exploration company with shares listed on the TSX V
--->enture and Frankfurt
exchanges. <o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB">In the settlement, Loeber admi
--->tted that Nickel One's disclosure triggered the requirement to file a new technical report for a mineral property it a
--->cquired in February 2017.
Despite that requirement under National Instrument 43-101 <i>Standards of Disclosure for Mineral Projects
</i>(NI 43-101), Loeber only obtained a new report after BCSC staff advised him of the obligation.<o:p></o:p></span></
--->p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB">When the new report was filed
--->in April 2017, it disclosed mineral resources and technical information improperly, and a qualified person responsible
---> for preparing the new
report had not conducted a current inspection of the newly acquired property as required under NI 43-101.<o:p></o:p><
--->/span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB">Despite knowing from at least
--->July 2017 that the new report was deficient, Nickel One did not issue a retracting news release until mid-September 20
--->17.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB">Loeber has agreed to undertake
---> further training and education with respect to the requirements of NI 43-101 and the duties and responsibilities of d
--->irectors and officers
of public companies. He must complete the courses of study by September 28, 2019 and provide proof in writing of atte
--->ndance and successful completion to the BCSC Executive Director.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span style="color:black">You may view the settle
--->ment agreement on our website
</span><a href="http://www.bcsc.bc.ca/" target="_blank" title="www.bcsc.bc.ca"><span style="color:#7E3141">www.bcsc.bc
--->.ca</span></a><span style="color:black"> by typing Carl Vance Loeber or 2018 BCSECCOM 291 in the search box.
</span>Information about disciplinary proceedings can be found in the <a href="https://www.bcsc.bc.ca/Enforcement/" ti
--->tle="Enforcement section">
<span style="color:blue">Enforcement section</span></a> of the BCSC website.<o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt"><span lang="EN-CA" style="color:black"><o:p> </o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt"><span lang="EN-CA" style="color:black">The Canadian Securities Administrat
--->ors maintains national databases for </span><span lang="EN-CA"><a href="http://www.securities-administrators.ca/d
--->isciplinedpersons.aspx?id=74" target="_blank" title="disciplined persons and firms"><span style="color:#7E3141">discip
--->lined
persons and firms</span></a><span style="color:black"> and </span><a href="http://cto-iov.csa-acvm.ca/Defau
--->lt.asp?Instance=101&Script=Issuers&Letter=a&XSL=SearchByCompanyName" target="_blank" title="cease trade or
--->ders"><span style="color:#7E3141">cease trade
orders</span></a><span style="color:black">. These databases include all persons in Canada disciplined for securities
---> trading offences.<o:p></o:p></span></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><b><u><span lang="EN-GB">About the British Columb
--->ia Securities Commission (</span></u></b><a href="http://www.bcsc.bc.ca"><b><span lang="EN-GB">www.bcsc.bc.ca</span></
--->b></a><b><u><span lang="EN-GB">)<o:p></o:p></span></u></b></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB">The British Columbia Securitie
--->s Commission is the independent provincial government agency responsible for regulating capital markets in British Col
--->umbia through the administration
of the <i>Securities Act</i>. Our mission is to protect and promote the public interest by fostering:<o:p></o:p></spa
--->n></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB"><o:p> </o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.25in;margin-bottom:
--->.0001pt;text-indent:-.25in;mso-list:l0 level1 lfo1;background:white">
<![if !supportLists]><span lang="EN" style="font-size:10.0pt;font-family:Symbol"><span style="mso-list:Ignore">·
--->;<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span lang="EN">A securities market that is fair and warrants public confidence
<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.25in;margin-bottom:
--->.0001pt;text-indent:-.25in;mso-list:l0 level1 lfo1;background:white">
<![if !supportLists]><span lang="EN" style="font-size:10.0pt;font-family:Symbol"><span style="mso-list:Ignore">·
--->;<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span lang="EN">A dynamic and competitive securities industry that provides investment
--->opportunities and access to capital
<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB"><o:p> </o:p></span></p>
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center">
<span lang="EN-GB">- 30 -<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span style="color:black">Media Contact:<br>
Andrew Poon<br>
604-899-6880<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB">Public inquiries:<br>
604-899-6854 or 1-800-373-6393 (toll free)<br>
</span><a href="mailto:inquiries@bcsc.bc.ca"><span lang="EN-GB" style="color:blue">inquiries@bcsc.bc.ca</span></a><spa
--->n lang="EN-GB"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span lang="EN-GB">Learn how to protect yourself
--->and become a more informed investor at </span><a href="http://www.investright.org/" target="_blank" title="www.in
--->vestright.org"><span lang="EN-GB" style="color:blue">www.investright.org</span></a><span lang="EN-GB" style="color:blu
--->e"><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
<br>
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<font face="Arial" color="Gray" size="1"><br>
If this message is not meant for you, do not use it - please let us know, and then delete it. We try hard to keep our
--->messages and attachments free of viruses and other malicious programs, but are not liable if our precautions don't pre
--->vent their spread.<br>
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