The B.C. Securities Commission has fined a junior miner $15,000 for making “false or misleading” statements in a technical report.
A BCSC hearing panel found Multi-Metal Development Ltd. filed a technical report in 2019 that contained a falsified electronic signature of a professional engineer, who did not consent to the use of his name.
And since the engineer did not lend his expertise to the report, the hearing panel also found the company “did not have a reasonable basis to make certain forward-looking statements in the technical report about the feasibility of producing tungsten,” the commission said in a June 3 statement.
An expert’s certification is intended to ensure
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