2011 BCSECCOM 335

1. Global Uranium Corp. (Global Uranium) is a British Columbia mining company with an office in Vancouver. It is a reporting issuer whose shares trade on the TSX Venture Exchange.

2. Concentric Energy Corp. (Concentric) is a US company incorporated in Nevada. Concentric owned mining claims located in Yavapai County in Arizona, known as the Anderson Property (the Anderson Property).

3. Greenway is a resident of Vancouver, BC.

4. Werbes is a resident of North Vancouver, BC and a lawyer with a business address in Vancouver, BC.

Material facts and special relationship
5. In or around November 2009, Greenway introduced the Anderson Property to Global Uranium as a possible acquisition opportunity.

6. In early 2010, Greenway recommended Werbes to Global Uranium as the solicitor to structure the transaction between Global Uranium and Concentric.

7. By March 31, 2010, Werbes began drafting documents relating to Global Uranium’s option to acquire the Anderson Property (Anderson Property Acquisition).

8. In connection with the Anderson Property Acquisition, Werbes acted as solicitor to Global Uranium, Concentric and Greenway.

9. The Anderson Property Acquisition was a material fact or material change in relation to Global Uranium.

10. On April 15, 2010, Global Uranium and Concentric finalized the Anderson Property Acquisition with an option and joint venture agreement that gave Global Uranium the option to incrementally acquire a majority interest in the Anderson Property (the Agreement).

11. Greenway became a director of Global Uranium on April 28, 2010.

12. Between March 31, 2010 and April 16, 2010 (the Acquisition Period), Greenway and Werbes were each in a special relationship with Global Uranium and had knowledge of the Anderson Property Acquisition before it was generally disclosed .

Insider trading
13. On April 15, 2010, the closing trading price for Global Uranium shares was $0.37.

14. On April 16, 2010, Global Uranium issued a news release disclosing that it had entered into the Agreement. On that day, the closing trading price for Global Uranium shares was $0.45.

15. The share price of Global Uranium continued to rise until it reached a peak closing trading price of $0.59 per share on April 23, 2010.

16. During the Acquisition Period, Greenway purchased a total of 68,500 shares of Global Uranium at an average cost per share of $0.26.

17. During the Acquisition Period, Werbes purchased a total of 20,000 shares of Global Uranium at an average cost per share of $0.35.

Breach of section 57.2
18. Greenway and Werbes, while in a special relationship with Global Uranium and with knowledge of the Anderson Property Acquisition before it was generally disclosed, each purchased securities of Global Uranium contrary to section 57.2 of the Act.

Public interest

Hearing process