British Columbia Securities Commission: Securities Regulator Alleges That Lawyer Engaged in Illegal Insider Trading

British Columbia Securities Commission: Securities Regulator Alleges That 
Lawyer Engaged in Illegal Insider Trading 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/01/13 -- The
executive director of the British Columbia Securities Commission has
issued a notice of hearing alleging that a lawyer working in
Vancouver, B.C. engaged in illegal insider trading. 
The notice states that Weiqing Jane Jin, a partner in a Beijing law
firm, was hired as a consultant in the Vancouver office of an
international business law firm in February 2009. Hathor Exploration
Limited, a mineral exploration company listed on the Toronto Stock
Exchange (TSX), was a client of the law firm.  
The notice states that in June 2011, Hathor entered into a
confidentiality agreement with CGNPC Uranium Resource Co. Ltd., a
nuclear power company. CGNPC was interested in Hathor's uranium
property holdings. 
Jin was assigned to work with Hathor in July 2011, and she was
involved in negotiations to amend the confidentiality agreement in
August 2011 to include an exclusivity clause and a notification
period. On Friday, August 12, 2011, Hathor emailed CGNPC copies of
the confidentiality agreement and the amended agreement, and
requested that CGNPC sign it by the next day (when the exclusivity
period was to commence). Jin was copied on this email. 
On Monday, August 15, Jin transferred a total of $50,622.06 into her
self-directed cash trading account, and on August 17, she purchased
6,000 shares at $2.88 per share. On August 18, Jin purchased an
additional 3,000 shares at $2.79. 
On August 19, Cameco Corporation, a Saskatchewan company traded on
the TSX and the New York Stock Exchange, made a surprise offer to
acquire Hathor. Jin was copied on correspondence between her law firm
and Hathor that discussed the Cameco offer. 
On August 22, Jin purchased a further 3,000 shares of Hathor at
Prior to the opening of trading on August 26, Cameco disclosed its
offer to the public. Following that announcement, Hathor's stock
price closed at $3.88 per share, up 45% from the previous day's
closing price of 2.67 per share. On September 7, Jin sold all 12,000
of her Hathor shares at $4.20 per share, an increase of 49% above her
average purchase price, representing a net profit of $16,424. 
The confidentiality agreement, the amended agreement and the
information concerning the Cameco offer were all material facts in
relation to Hathor. BCSC staff alleges that Jin breached securities
laws by purchasing and trading securities before the material
information was made public. 
These allegations have not been proven. Counsel for the executive
director will apply to set dates for a hearing into the allegations
before a panel of commissioners on September 3, 2013 at 9:00am. 
The B.C. Securities Commission is the independent provincial
government agency responsible for regulating trading in securities
within the province. You may view the notice of hearing on our
website by typing Weiqing Jane Jin, Hathor Exploration
Limited, CGNPC Uranium Resources Ltd., Cameco Corporation, or 2013
BCSECCOM 187 in the search box. Information regarding disciplinary
proceedings can be found in the Enforcement section of the BCSC
Please visit the Canadian Securities Administrators' Disciplined
Persons List for information relating to persons disciplined by
provincial securities regulators, the Investment Industry Regulatory
Organization of Canada (IIROC) and the Mutual Fund Dealers
Association (MFDA). 
For media inquiries, please contact Richard Gilhooley, media
relations, 604-899-6713. For public inquiries, please call 604 899
6854 or 1 800 373 6393 (toll free). 
Learn how to protect yourself and become a more informed investor at
British Columbia Securities Commission
Richard Gilhooley
604-899-6713 or (Canada) 1-800-373-6393
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