(March 28 – 09:30 ET) – The Canadian Securities Administrators have proposed new disclosure rules for Canada’s mining industry. The new rules are intended to improve the quality of technical information provided to investors by mining companies.

They will establish standards for public disclosure by mining firms, including oral and written disclosure in press releases, prospectuses and annual reports. The new rules are out for comment until May 24. The CSA expects to finalize a rule by the end of the year.

“Investors deserve, and capital markets increasingly demand, high quality, dependable information. We believe that this proposal will help foster efficient, fair and credible capital markets that will benefit the mining industry and the investing public”, says Douglas Hyndman, CSA Chair and chair of the B.C. Securities Commission. “We appreciate that there may be some additional costs to the industry, but believe that the proposal does strike the right balance between the needs of investors and industry.”
-IE Staff