Vanguard Mining Corp. amends its circular to include details of prior regulatory actions against CEO and director, David Greenway, ensuring compliance and transparency.
Vanguard Mining Corp. (Vanguard or the Company) (CSE: UUU | OTC: UUUFF | Frankfurt: SL51) has announced revisions to its Amended Circular, incorporating additional disclosures mandated under Section 7.2.1 of Form 51-102F5 concerning penalties and sanctions related to a proposed director. This update specifically addresses prior regulatory actions involving David Greenway , the Company’s CEO and director.
The amendments ensure compliance with securities regulations and provide a comprehensive overview of historical matters impacting Mr. Greenway's regulatory standing, thereby enhancing transparency for shareholders and stakeholders. The Company’s commitment to rectifying these disclosures underscores its dedication to maintaining robust governance practices and fulfilling its obligations under applicable securities laws.\The Amended Circular now details two significant regulatory events involving David Greenway. The first relates to a 2011 notice of hearing from the British Columbia Securities Commission (BCSC), which alleged that Mr. Greenway had purchased shares of Global Uranium Corp. in 2010 while possessing undisclosed material information. Following the hearing, the BCSC determined that Mr. Greenway had inadvertently breached section 57.2(2) of the Securities Act (BC), resulting in a temporary trading ban and an administrative penalty of $19,177, which was fully paid. The trading ban has since expired. The second event involves a more recent notice of administrative penalty issued by the BCSC on February 28, 2025, due to Mr. Greenway’s failure to disclose the prior $19,177 sanction in seven information circulars across three issuers where he served as a director, including Majuba Hill Copper, Vanguard Mining, and Ultra Brands. The BCSC, in its June 17, 2025, decision, found Mr. Greenway had committed seven contraventions of NI 51-102 and Form 51-102F5. This led to an initial administrative penalty of $25,000, which was subsequently reduced to $22,500 after a dispute and was paid in full. The complete details of these sanctions are available in the Amended Circular, accessible under the Company’s profile on SEDAR+.\With the required disclosures now addressed, Vanguard Mining Corp. confirms that it will proceed with its upcoming annual general meeting as planned. The content of the information circular, aside from these additional disclosures, remains unchanged. Vanguard Mining Corp. is a mineral exploration and development company focused on identifying and advancing high-value strategic mineral assets. The Company’s strategic approach involves responsible acquisition and development of promising projects within stable, mining-friendly jurisdictions globally, with the aim of delivering long-term value to its shareholders. The Company emphasizes the importance of transparent and accurate disclosures to maintain investor confidence and uphold the highest standards of corporate governance. The management believes the prompt rectification of the circular shows commitment to shareholder transparency and regulatory compliance.\Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. The release contains forward-looking statements that reflect management's expectations regarding identifying potential transactions and making certain corporate changes and applications. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. These include, but are not limited to, the exploration results, acquisition of properties and potential changes within the corporate structure. Vanguard Mining assumes no obligation to update forward-looking statements except as required by applicable securities regulations
Vanguard Mining Corp. David Greenway Securities Commission Compliance Disclosure
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