British Columbia Securities Commission: Former Vancouver Resident Receives Seven-Year Market Bans and Pays $10,000

Market Wire

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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/09/09 -- The British Columbia Securities Commission has settled with a man who admitted to allowing a Panamanian company to sell the shares of a company he controlled to investors in the United Kingdom.

Ryan Anthony Gibson, a former Vancouver resident, was the sole officer and director of Rocky Mountain Gold Mining, Inc. when the company entered into an agreement with a Panamanian company to purchase its shares.

The Panamanian company resold the Rocky Mountain shares to U.K. investors. Approximately $2.4 million of Rocky Mountain shares were purchased by 166 U.K. investors. Gibson, on behalf of Rocky Mountain, maintained a company website for investors to review, and responded to some investors' inquiries.

In the BCSC settlement agreement, Gibson admitted to contravening British Columbia securities laws when he traded and distributed Rocky Mountain securities without being registered and without filing a prospectus. He also admitted to allowing Rocky Mountain shares to be traded and distributed to overseas investors.

Under a BCSC order, Gibson is banned for seven years, except in limited circumstances, from trading and purchasing securities or exchange contracts. He is also banned for seven years from becoming or acting as a director or officer of an issuer, registrant or investment fund manager; acting as a registrant, investment fund manager, or promoter; acting in a management or consultative capacity in connection with the securities market; and engaging in investor relations activities.

Gibson also paid the BCSC $10,000 in settlement of this matter. There is no reasonable prospect of him paying a $50,000 fine that would otherwise be assessed in the public interest.

The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. You may view the decision on our website www.bcsc.bc.ca by typing in the search box, Ryan Anthony Gibson or 2009 BCSECCOM 569. If you have questions, contact Ken Gracey, media relations, 604-899-6577.

Learn how to avoid investment fraud at the BCSC's investor education website: www.investright.org.

Contacts:
British Columbia Securities Commission
Ken Gracey
604-899-6577 or (Canada) 1-800-373-6393

www.bcsc.bc.ca

MARKET WIRE

2009-10-09 11:50:06