Decisions and Freeze and cease trade orders Securities

Montréal – On December 18, 2007, before Judge Johanne White of the Court of Québec (Criminal and Penal Division), district of Gatineau, Gilbert Chartrand pleaded guilty to the three counts brought against him by the Autorité des marchés financiers (the “AMF”).

Gilbert Chartrand is guilty on:

  • two counts, for aiding, by act or omission, Canspar Resources Inc. with a distribution of a form of investment subject to the Securities Act (the “Act”), without obtaining a receipt for a prospectus from the AMF, namely, shares of the company to an investor, thereby violating section 11 of the Act and committing an offence under section 202, with reference to section 208 of the Act;
  • one count, for pursuing activities as a securities dealer without being registered with the AMF by making a distribution of a form of investment subject to the Act, namely, shares of Canspar Resources Inc.

The judge ordered him to pay a fine higher than the minimum fine, namely, $13,500, plus costs.

The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec’s financial sector.

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