From the ASIC web site........no personal comment myself
Friday 2 July 2010
The New South Wales Supreme Court of Appeal has directed that a judgment and verdict of acquittal be entered with respect to Mr Gregory Barnes, the former managing director of gold exploration company, Chameleon Mining NL (CHM).
This judgment follows Mr Barnes appeal against his conviction after he was found guilty by a jury on 10 December 2009 in the District Court of New South Wales on two counts of providing false and misleading information to the Australian Securities Exchange (ASX).
Mr Barnes appeal followed an earlier guilty plea by Mr Landan Roberts, the former director and secretary of CHM, to two counts of permitting false and misleading information to be given to the ASX (with a third count admitted and taken into account under section 16BA of the Crimes Act). Mr Roberts was sentenced on 9 April 2010 to eight months imprisonment with a non-parole period of five months.
Mr Roberts appeal against the severity of his sentence is scheduled for hearing in the New South Wales Supreme Court of Appeal on 2 September 2010.
The Commonwealth Director of Public Prosecutions prosecuted the matter.
ASICs investigation into CHM followed a referral from the ASX.
CHM Price at posting:
6.8¢ Sentiment: None Disclosure: Not Held
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