Decisions
Severstal Gold NV, Bluecone Limited, Endeavour Financial Luxembourg SARL, Endeavour Financial Corporation and Crew Gold Corporation [Reasons for Ruling]
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BCSECCOM #:
2010 BCSECCOM 181
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Document Type:
Reasons for Ruling
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Published Date:
2010-04-12
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Effective Date:
2010-04-08
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Details:
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2010 BCSECCOM 181
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| Panel | Brent W. Aitken | Vice Chair |
| Don Rowlatt | Commissioner | |
| Suzanne K. Wiltshire | Commissioner |
| Date of application | March 30, 2010 |
| Date of ruling | March 30, 2010 |
| Date of reasons issued | April 8, 2010 |
| Appearing | |
| Craig A.B. Ferris Heather M. Cane | For Severstal Gold NV and Bluecone Limited |
| William C. Kaplan Sean K. Boyle | For Endeavour Financial Luxembourg SARL and Endeavour Financial Corporation |
| Robert W. Cooper | For Crew Gold Corporation |
| C. Paige Leggat Gordon R. Smith | For the Executive Director |
Reasons for Ruling
¶ 1 In a ruling on March
30, 2010, we dismissed an application under section 165(3) of the Securities
Act, RSBC 1996, c. 418, by Severstal Gold NV and Bluecone Limited for a
hearing and review of the executive director’s refusal to make temporary orders
against Endeavour Financial Luxembourg SARL and Endeavour Financial Corporation
(see 2010 BCSECCOM 168). Severstal and Bluecone applied in the
alternative that the Commission make the orders.
¶ 2 These are the
reasons for our ruling.