Settlements

Leandro Guillermo Rosado-Ferrer [Sec. 144]

BCSECCOM #:
Document Type:
Sec. 144
Published Date:
1996-08-16
Effective Date:
1996-08-12
Details:


IN THE MATTER OF The Securities Act, S.B.C. 1985, c. 83
AND IN THE MATTER OF Leandro Guillermo Rosado-Ferrer
Order Under Section 144
D.E. Holley
August 12, 1996

ORDER:-- WHEREAS an Agreed Statement of Facts and Undertaking was executed by Leandro Guillermo Rosado-Ferrer ("Rosado-Ferrer") and the Executive Director, a copy of which is attached hereto as Schedule "A" (the "Agreed Statement");

NOW THEREFORE the Executive Director, considering that it would be in the public interest to do so, orders, BY CONSENT, that:

1.under section 144(1)(c) of the Securities Act, S.B.C. 1985, c. 83, the exemptions described in any of sections 30 to 32.1, 55, 58, 80 or 81 do not apply to Rosado-Ferrer for a period of three years from the date of this order, except that Rosado-Ferrer may trade securities of Templar beneficially owned by him on the date of the order provided that:
(a)the trade is a disposition of securities to a person who is an insider of Templar on the date of the trade; and
(b)within ten days of the end of the month in which the trade occurs, Rosado-Ferrer files a report with the Executive Director in Form 36 disclosing the trade; and
2.under section 144(1)(d) of the Act, that Rosado-Ferrer be prohibited from becoming or acting as a director or officer of any reporting issuer for a period of three years and until Rosado-Ferrer completes a course of study satisfactory to the Executive Director concerning public companies and the duties and responsibilities of directors and officers of public companies.
D.E. HOLLEY, Executive Director

* * * * *
Schedule "A"
IN THE MATTER OF THE SECURITIES ACT
S.B.C. 1985, c. 83
AND
IN THE MATTER OF LEANDRO GUILLERMO ROSADO-FERRER
Agreed Statement of Facts and Undertaking

The following agreement has been reached between Leandro Guillermo Rosado-Ferrer ("Rosado-Ferrer") and the Executive Director:

1.As the basis for the order and undertakings in paragraphs 2 and 3 of this agreement, Rosado-Ferrer acknowledges the following facts as correct:
(a)Templar Resources Corporation ("Templar") is a reporting issuer incorporated in British Columbia under the Company Act, R.S.B.C. 1979, c. 59 and its common shares are listed and posted for trading on the Vancouver Stock Exchange;
(b)Rosado-Ferrer was appointed a director of Templar on July 22, 1993 and acquired on that date 1,596,724 performance earn-out shares and 613,388 free trading shares in Templar;
(c)Rosado-Ferrer became an insider of Templar on July 22, 1993 and was required to file an insider report in accordance with the provisions of section 70(2) of the Securities Act, S.B.C. 1985, c. 83 (the "Act");
(d)Rosado-Ferrer's direct or indirect beneficial ownership of or control or direction over shares of Templar changed after July 22, 1993 such that he was required to file insider reports in accordance with section 70(4) of the Act;
(e)Rosado-Ferrer filed insider reports only for the months of July 1993, December 1993 and January 1994. The reports contained deficiencies; and
(f)on August 18, 1995, Rosado-Ferrer filed insider reports disclosing changes in his beneficial ownership of the securities of Templar for the period from July 1993 to October 1994.  Those reports disclosed that 1,544,000 shares valued at over $840,000 had been traded in 75 transactions.
2.Rosado-Ferrer consents to an order of the Executive Director that:
(a)under section 144(1)(c) of the Act, the exemptions described in any of sections 30 to 32.1, 55, 58, 80 or 81 do not apply to Rosado-Ferrer for a period of three years, except that Rosado-Ferrer may trade securities of Templar beneficially owned by him on the date of the order provided that:
(i)the trade is a disposition of securities to a person who is an insider of Templar on the date of the trade; and
(ii)within ten days of the end of each month in which the trade occurs,  Rosado-Ferrer files a report with the Executive Director in Form 36 disclosing the trade; and
(b)under section 144(1)(d) of the Act, that Rosado-Ferrer be prohibited from becoming or acting as a director or officer of any reporting issuer for a period of three years and until Rosado-Ferrer completes a course of study satisfactory to the Executive Director concerning public companies and the duties and responsibilities of directors and officers of public companies.
3.Rosado-Ferrer consents and undertakes to pay to the British Columbia Securities Commission the sum of $8,000 and late filing fees in the amount of $400.
4.Rosado-Ferrer waives any right he may have, under the Act or otherwise, to a hearing, hearing and review, judicial review or appeal related to, in connection with, or incidental to this agreement and the related Orders.
DATED at Mexico, on  July 18, 1996.

"G. Yolanda Machain de Frejo" )
Witness                         )"Leandro Guillermo
Rosado-Ferrer"
)
Fdo. Zarraga 12 Ct             )Leandro Guillermo
Rosado-Ferrer
)
Mexico____________________)
Address                         )
D.E. HOLLEY, Executive Director

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