In what looks like the epitome of regulatory understatement, the Alberta Securities Commission has “sanctioned” Jimmy John, the former top dog at
During his lengthy tenure at the helm of Naxos, John released impressive assay results suggesting a precious metals resource at the company’s Franklin Lake project in California. However, subsequent testing showed no gold, not even when the company’s own unconventional assaying methodologies were employed.
The ASC issued a 10-year trading ban against John, as well as orders prohibiting him from acting as a director or officer for 10 years. He must also pay less than $100,000 of costs related to the investigation.
Be the first to comment on "Jimmy John gets slap on wrist"