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Gold/Mining/Energy : Sarissa Shareholders
SRSR 0.010.0%Oct 19 5:20 PM EDTNews

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To: sense who wrote (85)10/23/2015 2:02:17 AM
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oakvillebeaver.com
www.haltonsearch.com, 23 Nov 2005 [cached]
Related proceedings against Oakville resident Penny Currah, who worked for Findore in a clerical capacity, and Nicholas Weir, of Toronto, were dropped in early November by theOSC.
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Currah ran unsuccessfully in the last municipal election to fill the Ward 1 regional and town councillor seat.

At the time he sought election, Currah boasted a financial background, was president of his Toronto-based financial services company, Currah Capital, and for the previous three years, had been on the Halton District School Boardas a trustee, representing Wards 1 and 2 in southwest Oakville (Bronte).

The OSC's statement of allegations claimed that from June 1997 to December 1998, Currah and Halanen engaged in "numerous manipulative and misleading trades in the common shares of Findore Minerals Inc. (subsequently known as Cantex Energy Inc.)."
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According to an OSC release outlining the November settlement agreements, Currah and Halanen were frequent traders of Findore Minerals Inc., a junior resource company listed on the Canadian Dealing Network Inc.(CDN).
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According to the OSC release, for a period of time, Currahwas the president of Findore.During that time and subsequently, Currah was a promoter of Findore's shares.

Currah hired Halanen to respond to inquiries from investors and potential investors and while filling their roles, Currahand Halanen each made hundreds of trades in Findore shares, each using several brokerage accounts at a number of different brokerage firms, according to the release. Currahhired Halanen to respond to inquiries from investors and potential investors and while filling their roles, Currah and Halanen each made hundreds of trades in Findore shares, each using several brokerage accounts at a number of different brokerage firms, according to the release.
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Currah and Halanen admitted that they made certain trades that were contrary to the public interest, said the OSC statement.
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There was also trading between brokerage accounts controlled by Currah and Halanen, respectively.
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According to the OSC, Currah and Halanen attempted to hold as many Findore shares as possible, in order to participate in an anticipated increase in the price of Findore's shares.
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Currah and Halanen each traded among their own accounts for the purpose of reducing or eliminating debit balances that had accumulated in their brokerage accounts.
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Currah also made trades to support the price of Findore's shares in the face of short selling by others.

In attempting to intervene in the marketplace in order to reverse the effects of trading by others, Currah admitted heinterfered with the operation of an arm's length public market for Findore's shares, stated the OSC release.

Currah and Halanen also admitted they should have known that certain trades among accounts they controlled could have a misleading appearance as to market activity for Findore's shares, noted the OSC statement.
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Damm and Hawkins were registered representatives forCurrah and Halanen and processed hundreds of trades in accounts controlled by Currah and Halanen.
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Damm and Hawkins were registered representatives forCurrah and Halanen and processed hundreds of trades in accounts controlled by Currah and Halanen.
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Damm and Hawkins took orders from Currah, Halanen and others which would form the basis for their market making activities, including setting the bid and offer prices for Findore shares, according to the OSC.
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The OSC Statement of Allegations stated that between July 1997 and December 1998, Currah had approximately $1 million in net proceeds from trading activities.

The OSC, located on Queen Street West in Toronto, is an arm of the Ontario government.

The OSC enforces securities legislation in Ontario with a mandate to protect investors from unfair, improper and fraudulent practices; to foster fair and efficient capital markets; and, to maintain public and investor confidence in the markets.

Currah, a native of Brantford has lived in Oakville more than eight years.Currah has managed and sponsored a local AA Peewee hockey team, has been fundraising chairman of the WhyyMee?Family Counselling Foundation, has been supportive of the Martin Cruz Foundation for abused children and has been a member of The Toronto International Environmental Centre, a watch-dog committee against pollution in the GTA.



The hearing was set after OSC ...
www.haltonsearch.com, 1 Sept 2004 [cached]
The hearing was set after OSC staff filed a Statement of Allegations on July 23 against Currah and numerous other persons including Currah's wife, Penny, also of Oakville; Colin Halanen and Nicholas Weir, both of Toronto; and Warren Hawkins and Joseph Damm who worked for Research Capital Corporation, which was the market maker forFindore Minerals Inc. on the Canadian Dealing Network (CDN).
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Penny Currah worked for Findore in a clerical capacity.
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Currah purchased a controlling interest, namely 471,000 common shares, in Findore in November 1994.

Beginning in the summer of 1997, Currah and his business associates Halanen and Weir became heavily involved in promoting and trading the common shares of Findore.
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By late 1998, the promotional and trading activity of Currah, Halanen and Weir relating to Findore was subsiding.
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Currah used 12 brokerage accounts at five brokerage houses in his own name and in the names of the following companies over which he held and exercised trading authority: Currah Capital Inc., Galaxy Galleria Inc.,Findore Gold Resources Ltd. and 847751 Ontario Inc.
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Penny Currah used nine brokerage accounts at five brokerage houses in her own name and in the names of the following companies over which she held and exercised trading authority: Currah and Sons Ltd. and Weblicity Inc.
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The Statement of Allegations further notes that between July 1997 and December 1998, the respondents' net proceeds from their trading activities were: Currah, approximately $1,000,000; Halanen, approximately $88,000; Weir, approximately $197,000; and, Penny Currah, approximately $260,000.
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The Statement of Allegations further notes that between July 1997 and December 1998, the respondents' net proceeds from their trading activities were: Currah, approximately $1,000,000; Halanen, approximately $88,000; Weir, approximately $197,000; and, Penny Currah, approximately $260,000.
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Currah, a 42-year-old father of two boys, unsuccessfully ran for election in last fall's municipal election to fill the Ward 1 regional and town councillor seat.

At the time he sought election, Currah boasted a financial background, was president of his Toronto-based financial services company, Currah Capital, and for the previous three years, had been on the Halton District School Boardas a trustee, representing Wards 1 & 2 in southwest Oakville.

Currah has managed and sponsored a local AA Peewee hockey team, has been fundraising chairman of the WhyyMee?Family Counselling Foundation, supportive of the Martin Cruz Foundation for abused children, and a member of the Toronto International Environmental Centre, a watch-dog committee against pollution in the GTA.

The OSC, through the upcoming hearing, will decide whether to sanction penalties against Currah, Halanen, Weir andPenny Currah that could include an order to cease trading in securities either permanently or for a prescribed period; prohibiting them from becoming or acting as an officer or director of any issuer either permanently or for a prescribed period; a reprimand; to pay costs of the OSC investigation and hearing or any other such orders as deemed appropriate.The OSC, through the upcoming hearing, will decide whether to sanction penalties against Currah, Halanen, Weir andPenny Currah that could include an order to cease trading in securities either permanently or for a prescribed period; prohibiting them from becoming or acting as an officer or director of any issuer either permanently or for a prescribed period; a reprimand; to pay costs of the OSC investigation and hearing or any other such orders as deemed appropriate
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