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The former chief executive of NZX-listed New Talisman Gold Mine has admitted to making false and misleading representations in breach of the Financial Markets Conduct Act.
The Financial Markets Authority filed civil proceedings against Matthew Geoffrey Hill in August 2021, following anonymous posts made about the mining company on the Sharetrader website's online investor forum.
The FMA said New Talisman Gold was not party to the proceedings, but the regulator was making no further comment until after the penalty hearing.
