News Release

Vancouver -- The British Columbia Securities Commission has reached a settlement with a second man over abusive trading in the securities of a B.C.-headquartered company.

Rene Co cannot be a director or officer of any issuer and he cannot engage in any investor relations activities for at least two years. He must also pay the BCSC $5,000 and complete industry conduct and practices training.

In the settlement, Co admitted that between Nov. 1, 2001 and Oct. 31, 2002, he failed to notice and prevent a nominee trading account from conducting matched trades in the securities of Golden Fortune Investments. (Matched trades are trades where the sell and buy orders are from related parties and can result in misleading trading volume in a company’s shares.)

Co, employed as a registered representative at Jones, Gable and Company Limited, should have known that the account was a nominee account and was being used to hide or disguise abusive trading of Golden Fortune’s shares.

Golden Fortune was listed on the TSX Venture Exchange but was cease traded on Oct. 28, 2003 for failure to file annual audited financial statements. It was delisted from the TSX-V on April 20, 2004.

Earlier this month, BCSC staff settled with another B.C. man, Michael Alan Wilson, for conduct related to Golden Fortune trading.

The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. You may view the settlement on our website www.bcsc.bc.ca  by typing in the search box, Rene Co or 2006 BCSECCOM 111. If you have questions, contact Andrew Poon, Media Relations, 604-899-6880.