News Release

Released: February 16, 1996  Contact: Ron Messent  660-4800 or (BC only) 1-800-373-6393

Six people have had substantial administrative penalties, plus securities trading and officer-director prohibitions, imposed by the British Columbia Securities Commission for their failure to file timely insider reports.

In six separate Commission decisions, which followed hearings in August and December of 1995, the Commission found it to be in the public interest to make the following orders:

- William Ralph Lloyd, respecting insider reports re: Templar Resources Corporation - five-year prohibition from trading securities and from being a director or officer of a reporting issuer; and $20,000 administrative penalty.

- Cornelius Richard Giesbrecht, respecting insider reports re: Templar Resources Corporation - five-year prohibition from trading securities and from being a director or officer of a reporting issuer; and $20,000 administrative penalty.

- Geoffrey Danzig, respecting insider reports re: Boswell International Technologies Ltd. - three-year prohibition from trading securities and from being a director or officer of a reporting issuer; and $15,000 administrative penalty.

- Thomas Skimming, respecting insider reports re: Score Athletic Products Inc. - two-year prohibition from trading securities and from being a director or officer of a reporting issuer; and $5,000 administrative penalty.

- Edward Rhodes, respecting insider reports re: Score Athletic Products Inc. - six-month prohibition from trading securities and from being a director or officer of a reporting issuer; and $1,500 administrative penalty.

- Arthur M. Hetzer, respecting insider reports re: Score Athletic Products Inc. - prohibition from trading securities and from being a director or officer of a reporting issuer until he files his outstanding reports; staff will take appropriate action once they have reviewed the reports.

In issuing the orders, the Commission considered such factors as: the number of reports not filed on time; the lateness of the reports; the insiders volume of trading activity; the volume and volatility of market trading in the securities; whether the failure to file was inadvertent or deliberate; and the companys activities during the period the insider was not filing.

In each decision, the Commission stressed the importance to the capital markets of insiders reporting their trading on a timely basis. Disclosure of trading by insiders is a key element in the continuous disclosure regime for reporting issuers. The information provided by insider reports is important market information, as it discloses to market participants the trading activities of the persons most closely connected to, and therefore in a position to be most knowledgeable about, a reporting issuer. Timely reporting is particularly important where the insider is an active trader. These decisions should remind all insiders of reporting issuers of the importance of complying with these reporting requirements.

The British Columbia Securities Commission is a provincial government agency responsible for regulating trading in securities and exchange contracts.

Copies of the Commission's decisions may be obtained in person at 1100 - 865 Hornby Street, Vancouver, British Columbia.