Tickers: XTSX:THGH
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TheNewswire / March 23, 2018 - The management of Threegold Resources Inc. (the Company) wishes to advise that Jon Snelson, Chief Financial Officer and interim CEO has been summoned to a hearing of the Mutual Fund Dealers Association of Canada (MFDA) scheduled to be heard October 15-19, 2018.
The allegations include untimely disclosure to Mr Snelson's employer at the time, a member of the MFDA, that he was Director of the Company and facilitating the sale of $310,000 in debentures offered by the Company, thereby engaging in securities related business which was not carried out for the account of his employer at the time.
Mr. Snelson denies these allegations and is defending himself via legal counsel. Mr Bruno Crescenzi, a Director of Threegold, states on behalf of the Board, that they do not believe that this hearing, or any possible sanction which may be imposed by the MFDA, impedes on Mr. Snelson's ability to act as a director, or continue holding his current executive positions.
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