Vancouver – The British Columbia Securities Commission is warning the public not to purchase shares or other securities of Flag Resources (1985) Limited, a mining company that has been cease-traded in British Columbia since 2006. Buying or selling any securities of a cease-traded company is an offence under the Securities Act

 

The BCSC has become aware that shares and warrants of Flag Resources are being distributed throughout British Columbia and Alberta, with much of the activity taking place in Kelowna.

 

The BCSC urges investors, agents, or members of the public who have been approached or have information about Flag Resources to contact the BCSC inquiries line at 604-899-6854 or 1-800-373-6393 (toll free).

 

The BCSC is the independent government agency responsible for regulating trading in securities within the province.  Learn how to avoid investment fraud at the BCSC’s investor education website: www.investright.org.

 

Suggested Reading

Regulators adopt amendments to improve scholarship plan disclosure

Investor Watch: Look out for precious metal scams in volatile financial markets

New fee disclosure required for mutual funds, scholarship plans, and other securities

More Resources

In Your Community – November 2014

BCSC staff ambassadors tour the province, helping people to protect themselves from fraud and unsuitable investments. Our goal is to enable BC investors to develop critical thinking skills so they can become more informed of steps they should take to protect themselves when investing. Where we are this month NanaimoBe Fraud AwareNovember 6Private event VictoriaBe […]