Securities regulator alleges that lawyer engaged in illegal insider trading

Securities regulator alleges that lawyer engaged in illegal insider trading 
VANCOUVER, Aug. 1, 2013 /CNW/ - 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 $2.76. 
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 www.bcsc.bc.ca 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 
website. 
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). 
Learn how to protect yourself and become a more informed investor at 
www.investright.org
 

SOURCE  British Columbia Securities Commission 
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). 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/August2013/01/c3161.html 
CO: British Columbia Securities Commission
ST: British Columbia 
-0- Aug/01/2013 21:00 GMT
 
 
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