News Release
BCSC dismisses Ashton Mining’s cease-trade application
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Date:
2006-09-06 -
Number:
2006/33
Vancouver - A British Columbia Securities Commission panel has dismissed an application submitted by a North Vancouver, B.C.-based diamond exploration company seeking to cease-trade an unsolicited bid by another Vancouver-based diamond explorer.
In an oral decision made today, the commission panel dismissed the application by Ashton Mining of Canada Inc., a TSX-listed company. Ashton was asking the regulator to cease-trade an offer for its shares by Stornoway Diamond Corp., also listed on the TSX.
The commission panel said reasons for the decision will follow.
The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. If you have questions, contact Andrew Poon, Media Relations, 604-899-6880.