The B.C. Securities Commission has alleged a Delta resident committed fraud when he transferred nearly $300,000 from one of the public companies he was directing to a third-party creditor of another company he headed, without disclosing the move to investors.
Jatinder Singh (a.k.a. Jack) Bal was the CEO and a director of Goldeneye Resources Corp. (TSXV:GOE), a junior mineral exploration company in February 2021 when he instructed Goldeneye’s chief financial officer to transfer $297,267 to a creditor of Cache Exploration Inc. (CEXPF), another junior mineral exploration company Bal headed as CEO, according to an Aug. 14 news release from the commission.
Both companies have ceased trading for years. Goldeneye’s shares are
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