DIAMOND PAGE — American Gem settles with feds

Toronto-based American Gem (AAGM-C) has agreed to pay the U.S. government US$150,000 to settle an investigation into the company’s claim-staking practices between 1994 and 1997.

The government was investigating the alleged submission of fraudulent mining claims in Montana by American Gem’s former chairman, Gregory Dahl, and his wife, Stacia Dahl. Dahl resigned in August 1997.

American Gem has paid the government US$75,000 and will pay the remaining US$75,000 in three installments of US$25,000 next year.