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Friday 26 August 2016

16-275MR Former director of joint venture partner charged with insider trading offences

Darren James Lind, 45, a former director of Golden Fields Resources Pty Ltd and a director of Longer View Pty Ltd, was represented in the Adelaide Magistrates Court today charged with 2 counts of insider trading in shares of Minotaur Exploration Limited (Minotaur).

ASIC alleges Mr Lind, of Brighton, South Australia, procured Longer View Pty Ltd to acquire 100,000 shares in Minotaur on two occasions on 28 July 2014.

ASIC alleges that Mr Lind was in possession of information concerning Minotaur drill testing related to the Eloise Project in Cloncurry, Queensland prior to buying the shares. 

All matters have been adjourned to the Adelaide Magistrates Court on 1 November 2016.

The Commonwealth Director of Public Prosecutions is prosecuting this matter.

Background

Golden Fields Resources Pty Ltd was a Joint Venture Partner with Minotaur Exploration Limited in the exploration of the Eloise Copper project tenements.

Minotaur Exploration Limited announced the termination of the Eloise Copper Joint Venture on 9 June 2015.

Editor's note 1:

On 8 December 2016, Mr Lind appeared in the Adelaide Magistrates' Court, where the matter was adjourned for further mention on 9 February 2017. No plea has been entered.

Editor's note 2:

The matter was before the Adelaide Magistrates' Court on 9 February 2017 and stood over until 23 March 2017.

Editor's note 3:

The matter was mentioned in the Adelaide Magistrates Court and adjourned to 11 May 2017 for further mention.

Editor's note 4:

Mr Lind appeared in the Adelaide Magistrates' Court on 11 May 2017, following which the matter was further adjourned until 8 June 2017.

Editor's note 5:

Mr Lind appeared in the Adelaide Magistrates Court on 8 June 2017 and pleaded not guilty to the charges of insider trading. He will be arraigned for trial in the Adelaide District Court on 28 July 2017.

Editor's note 6:

Mr Lind appeared in the Adelaide District Court, on Friday 28 July and the matter was stood over for trial beginning on 24 August 2018.

Last updated: 30/03/2021 09:31