JOHANNESBURG (miningweekly.com) – A former director of Golden Fields Resources, which was a joint venture (JV) partner with ASX-listed explorer Minotaur Exploration at the Eloise copper project, in Queensland, has been charged with two counts of insider trading.
The Australian Securities and Investments Commission (Asic) alleges that Darren Lind procured a company called Longer View to acquire 100 000 shares in Minotaur on two occasions in July 2014.
The Asic alleges that Lind was in possession of information concerning Minotaur drill testing related to the Eloise project, in Cloncurry, prior to buying the shares.
Minotaur Exploration announced the termination of the Eloise JV in June last year.
The case has been adjourned to the Adelaide Magistrates Court on November 1.