Published: 20 August 2014
Last updated: 22 March 2019
Finanstilsynet has, in accordance with the prohibition against uncovered short sale in the Norwegian Securities Trading Act section 3-14 cf. section 17-2, decided to order Ellis Lake Capital LLC ("Ellis Lake") to surrender the gain of NOK 482,161 obtained through the sale of 80,020 shares in Northland Resources S.A. on 21 August 2013.
Ellis Lake has accepted the decision of surrender of gain.