In re Camarines Minerals, Inc.
SEC-CFD Order No. 090-08 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Aug 22, 2008
Full text
August 22, 2008 SEC-CFD ORDER NO. 090-08 IN THE MATTER OF CAMARINES MINERALS, INC. ORDER ON PAYMENT OF PENALTY The records on file with this Commission show that Camarines Minerals, Inc. filed its 2007 Annual Report (SEC Form 17-A) on April 15, 2008 with unaudited financial statements for the year ended December 31, 2007, in violation of SRC Rule 68 (6) (a) (ii) (3). Said audited financial statements were only filed on June 13, 2008. As a result, the company was ordered to pay a fine of Fifty Four Thousand Five Hundred Pesos (P54,500.00) which it paid on August 20, 2008 as shown by Official Receipt No. 0201284, dated August 20, 2008. The company is admonished to take all appropriate measures to ensure its faithful and timely compliance with SRC Rule 68.1. Any further violation shall subject the company and/or its responsible officers to heavier penalties as may be provided by law. SO ORDERED. EDSA, Greenhills, Mandaluyong City, Philippines, August 22, 2008. ADTEaI (SGD.) JUSTINA F. CALLANGAN Director
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