Monday, 24 August 2015


U.S. Industry Guide 7 is the core rule governing disclosures of U.S. reporting companies with significant mining operations.  It has long been out of sync with other international reporting regimes, and the SEC has finally taken on Guide 7 for rule making.  This presentation will outline the current requirements of Industry Guide 7 and their impacts on U.S. mining companies.   It will discuss the efforts and proposals made by SME to encourage a revision of Guide 7, and the current status of rulemaking efforts at the SEC.  It will also discuss the status of various other SEC rules affecting mining companies.

msheMichelle Shepston

Partner, Davis Graham & Stubbs LLP

Michelle Shepston’s principal practice areas include securities, corporate finance, and mergers and acquisitions for public and private companies. She has represented clients in domestic and cross-border public equity and debt offerings, joint ventures, private placements, and public and private merger and acquisition transactions. Her practice also includes counseling clients on entity formation and partnership and limited liability company issues, as well as corporate governance and general corporate matters.

Ms. Shepston has significant experience in the natural resources sector, representing various mining and oil and gas clients in a variety of transactions. She also serves as U.S. securities counsel for several mining and oil and gas companies.

DGS_Logo_lgIn addition, a substantial amount of Ms. Shepston’s work involves cross border issues and transactions, primarily for non-U.S. companies or U.S. companies cross-listed on foreign exchanges or considering non-U.S. acquisition targets.

Ms. Shepston is a member of:

  • American Bar Association – Business Law Section
  • Colorado Bar Association – Securities Law subsection
  • Colorado Women’s Bar Association
  • Lex Mundi – Cross-Border Transactions Group


University of Denver, J.D., 2000
University of Illinois, B.S., 1996