The BC Securities Commission has issued a cease-trade order for Pan Andean Minerals Ltd. (TSX-V:PAD).
Share price: $0.02
Cease-traded June 29: for failing to file interim financial report and management discussion and analysis. According to a company news release, Pan Andean “lacks the necessary funds to pay the auditor” for audited financial statements. It adds that the filings have also been delayed due to the acquisition of two properties in Peru in 2016.
Mountainstar Gold to face securities commission hearing
The CEO of a junior exploration company, Mountainstar Gold Inc. (CSE:MSX), will be called before a BC Securities Commission (BCSC) panel to answer charges he made false or misleading statements in public filings over disputed mineral claims in Chile.
An initial hearing has been set for August 22.