Consolidated’s Quesnel quits after conviction over share reporting

Nov 18, 2010 | 11:40 AM | Lisa Gordon

The top executive of Consolidated Thompson Iron Mines Ltd. has stepped down after being deemed guilty of alleged violations of Canadian securities regulations by not reporting share purchases in a timely manner.

Richard Quesnel, the Montreal-based company's president, chief executive officer and board member, was convicted by the Court of Quebec on four counts of allegedly violating the Canadian Securities Act by failing to report within a 10-day period the purchase of 30,000 shares in 2006.....





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