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Settlement approved for mining company's failure to make timely disclosure of material change.
Staff of the Ontario Securities Commission and the respondent mining company entered into a settlement agreement regarding the respondent's failure to make timely disclosure of a material change related to a rock fall and resulting gold production shortfall.
The Commission approved the settlement, finding it to be in the public interest given the respondent's cooperation, voluntary remedial steps, and lack of prior disciplinary history.
The settlement required the respondent to fund an independent review of its disclosure practices and implement approved recommendations.
