Three Alaska conservation organizations, including Rivers Without Borders, filed a complaint this week with Canadian securities regulators in Ontario, Alberta and British Columbia alleging that the public communications from Constantine Metal Resources Ltd. (CMR) in regard to its Palmer project near Haines, Alaska and the village of Klukwan are not “full, true and plain” and leave out material information, thus violating securities regulations. The complaint alleges CMR’s statements about road access and access to a port that can handle ore concentrates for ship transportation are not accurate or complete and serve to mislead the public and investors. The complaint asks the securities commissions in the three provinces to direct CMR to fix the inaccurate disclosures to date and to ensure they are not repeated, and to also put CMR on the refiling and errors or default lists.
