Badger Reports That ASC Investigation Into Short Seller Allegations Concludes With No Action Taken Against Badger
May 2, 2018, 7:00 am
“Staff of the ASC is closing its investigation into allegations by short sellers of accounting and disclosure related breaches of
Albertasecurities laws by Badger Daylighting Ltd....
Pursuant to section 45 of the Securities Act, the Executive Director of the ASC has authorized Badger to divulge that an investigation was conducted and concluded with no enforcement action taken.”
The Company continues to take the actions of abusive short sellers very seriously and is pursuing all avenues to bring parties engaged in abusive practices to account.
While the Company does not typically comment on its interactions with regulators as a matter of policy, it believes that the extraordinary circumstances around this matter warranted additional disclosure to shareholders.
|About Badger Daylighting Ltd.|
|Paul Vanderberg, President and CEO|
|Gerald Schiefelbein, Vice President, Finance and CFO|
|Jay Bachman, Vice President, Financial Operations and Investor Relations|
Badger Corporate Office
1000, 635 – 8th Avenue SW
Telephone: (403) 264-8500
Fax: (403) 228-9773
Telephone: (416) 855-0238
Source: Badger Daylighting Ltd