Alberta Securities Commission

CEO settles with ASC after admitting to "tipping"

Retrieved on: 
Thursday, May 18, 2023
Alberta Securities Commission, Disclosure, ASC, AB, Canadian Securities Administrators, Vexatious litigation, Touchstone, Private investigator

Baay informed a registered dealing representative of this information, when it was not necessary in the course of business to do so.

Key Points: 
  • Baay informed a registered dealing representative of this information, when it was not necessary in the course of business to do so.
  • Baay promptly accepted responsibility for his actions and cooperated with the ASC in resolving this matter early in the process.
  • The ASC is the regulatory agency responsible for administering the province's securities laws.
  • As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

Prospera Provides Status Update

Retrieved on: 
Saturday, May 13, 2023
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CALGARY, Alberta, May 12, 2023 (GLOBE NEWSWIRE) -- Prospera Energy Inc. ("Prospera" or the "Corporation") (PEI: TSX-V; OF6A: FRA; GXRFF: OTC) announces that further to its news release dated April 28, 2023, the Corporation's principal regulator, the Alberta Securities Commission (the "ASC") granted a management cease trade order (the "MCTO") on May 4, 2023, under National Policy 12-203 Management Cease Trade Orders ("NP 12-203"). Pursuant to the MCTO, Samuel David, the Chief Executive Officer, and Matthew Kenna, the Chief Financial Officer, may not trade in securities of the Corporation until such time as the Corporation files its annual audited financial statements, annual management's discussion and analysis and related certifications for the year ended December 31, 2022 (collectively, the "Required Documents"), and the Executive Director of the ASC revokes the MCTO. The MCTO does not affect the ability of other shareholders to trade their securities.

Key Points: 
  • CALGARY, Alberta, May 12, 2023 (GLOBE NEWSWIRE) -- Prospera Energy Inc. ("Prospera" or the "Corporation") (PEI: TSX-V; OF6A: FRA; GXRFF: OTC) announces that further to its news release dated April 28, 2023, the Corporation's principal regulator, the Alberta Securities Commission (the "ASC") granted a management cease trade order (the "MCTO") on May 4, 2023, under National Policy 12-203 Management Cease Trade Orders ("NP 12-203").
  • The MCTO does not affect the ability of other shareholders to trade their securities.
  • The Corporation continues to work with its auditor to complete the annual audit as soon as practicable.
  • In the event that the Corporation does not file the Required Documents in a timely manner, the Canadian Securities Regulatory Authorities may impose an issuer cease trade order on the outstanding securities of the Corporation.

Shane Courtney Ward permanently banned from Alberta's capital market

Retrieved on: 
Wednesday, May 10, 2023
Ward, Alberta Securities Commission, ASC, Canadian Securities Administrators, AB, Prospectus, Fraud, Investment, Risk, Cryptocurrency

CALGARY, AB, May 10, 2023 /CNW/ - The Alberta Securities Commission (ASC) has sanctioned Shane Courtney Ward for illegally distributing securities, making misrepresentations to investors and perpetrating a fraud.

Key Points: 
  • CALGARY, AB, May 10, 2023 /CNW/ - The Alberta Securities Commission (ASC) has sanctioned Shane Courtney Ward for illegally distributing securities, making misrepresentations to investors and perpetrating a fraud.
  • In its sanctions decision, the ASC panel stated that "Ward presents an ongoing risk and cannot be trusted to comply with Alberta securities laws in the future" and that it was in the public interest and would achieve both specific and general deterrence for Ward to be banned from participating in the capital market permanently.
  • It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors.
  • As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

CSE Bulletin: Suspension - ePlay Digital Inc. (EPY)

Retrieved on: 
Wednesday, May 10, 2023
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Toronto, Ontario--(Newsfile Corp. - Le 10 mai/May 2023) - Effective immediately, ePlay Digital Inc. is suspended pursuant to CSE Policy 3.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - Le 10 mai/May 2023) - Effective immediately, ePlay Digital Inc. is suspended pursuant to CSE Policy 3.
  • The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules.
  • À compter d'aujourd'hui, ePlay Digital Inc. est suspendue conformément à la politique 3 du CSE.
  • La suspension est considérée comme une suspension réglementaire au sens du Règlement 23-101 sur les règles de négociation.

ASC issues Interim Order against Glenn Donald Hunter, Kyle William Watters, HW & Associates Inc., and HW TradeFX LLC

Retrieved on: 
Tuesday, May 9, 2023
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CALGARY, AB, May 9, 2023 /CNW/ - The Alberta Securities Commission (ASC) issued an Interim Order dated May 4, 2023 against Glenn Donald Hunter, Kyle William Watters, HW & Associates Inc., and HW TradeFX LLC (collectively, the Respondents).

Key Points: 
  • CALGARY, AB, May 9, 2023 /CNW/ - The Alberta Securities Commission (ASC) issued an Interim Order dated May 4, 2023 against Glenn Donald Hunter, Kyle William Watters, HW & Associates Inc., and HW TradeFX LLC (collectively, the Respondents).
  • The Interim Order indicates that ASC staff are investigating whether the Respondents contravened Alberta securities laws, and that the length of time required to conduct a hearing and render a decision could be prejudicial to the public interest.
  • The Interim Order requires that, for a period of 12 months from the date of the order, the Respondents:
    Are prohibited from using any exemption contained in Alberta securities laws; and
    Are prohibited from acting as registrants.
  • As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

Prospera Announces Late Filing of Annual Financial Disclosure

Retrieved on: 
Friday, April 28, 2023
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CALGARY, Alberta, April 28, 2023 (GLOBE NEWSWIRE) -- Prospera Energy Inc. ("Prospera" or the "Corporation") (PEI: TSX-V; OF6A: FRA; OTC: GXRFF) today announces that the filing of its audited annual financial statements, management's discussion and analysis and related CEO and CFO certifications for the financial year ended December 31, 2022 (the "Required Filings"), will be delayed beyond the filing deadline of May 1, 2023, and as a result is in default of its obligations under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations.

Key Points: 
  • CALGARY, Alberta, April 28, 2023 (GLOBE NEWSWIRE) -- Prospera Energy Inc. ("Prospera" or the "Corporation") (PEI: TSX-V; OF6A: FRA; OTC: GXRFF) today announces that the filing of its audited annual financial statements, management's discussion and analysis and related CEO and CFO certifications for the financial year ended December 31, 2022 (the "Required Filings"), will be delayed beyond the filing deadline of May 1, 2023, and as a result is in default of its obligations under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations.
  • The MCTO does not generally affect the ability of shareholders who are not insiders of the Corporation to trade their securities.
  • The Corporation is working expeditiously with its auditor, Crowe MacKay LLP, to complete the audit as soon as possible.
  • Prospera plans to remedy the default and file the Required Filings as soon as it is able to do so and expects such filing to occur on or prior to May 31, 2023.

ASC sanctions Lambert (Bert) Joseph Lavallee for breaching Alberta securities laws

Retrieved on: 
Thursday, April 27, 2023
Alberta Securities Commission, ASC, AB, Lavallee, Canadian Securities Administrators, Hearing, Property management

CALGARY, AB, April 27, 2023 /CNW/ - The Alberta Securities Commission (ASC) has sanctioned Lambert (Bert) Joseph Lavallee for trading in common shares of North America Frac Sand, Inc. (NAFS) while a cease trade order (CTO) was in effect and for withholding information reasonably required for an ASC investigation.

Key Points: 
  • CALGARY, AB, April 27, 2023 /CNW/ - The Alberta Securities Commission (ASC) has sanctioned Lambert (Bert) Joseph Lavallee for trading in common shares of North America Frac Sand, Inc. (NAFS) while a cease trade order (CTO) was in effect and for withholding information reasonably required for an ASC investigation.
  • In its sanctions decision, the ASC panel stated that Lavallee engaged in reckless and deliberate misconduct, despite his experience in the capital market and despite having been sanctioned in 2008 for previous contraventions of Alberta securities laws.
  • The ASC is the regulatory agency responsible for administering the province's securities laws.
  • As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

TVI PACIFIC ANNOUNCES APPLICATION FOR MANAGEMENT CEASE TRADE ORDER

Retrieved on: 
Wednesday, April 26, 2023
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CALGARY, AB, April 25, 2023 /CNW/ - TVI Pacific Inc. (TSXV: TVI) (OTC-Pink: TVIPF) ("TVI" or the "Company") announced today an anticipated delay in the filing of its Annual Required Filings (as defined below) and application to the Alberta Securities Commission to approve a temporary management cease trade order ("MCTO") under National Policy 12-203 – Management Cease Trade Orders ("NP 12-203").

Key Points: 
  • CALGARY, AB, April 25, 2023 /CNW/ - TVI Pacific Inc. (TSXV: TVI) (OTC-Pink: TVIPF) ("TVI" or the "Company") announced today an anticipated delay in the filing of its Annual Required Filings (as defined below) and application to the Alberta Securities Commission to approve a temporary management cease trade order ("MCTO") under National Policy 12-203 – Management Cease Trade Orders ("NP 12-203").
  • If granted, the MCTO will prohibit trading in securities of the Company by certain insiders of the Company, whether direct or indirect.
  • As a result, the Company will be unable to file the Required Filings by the applicable filing deadline.
  • Notwithstanding the foregoing, the Company remains confident in its ability to complete the required filings, but requires a brief extension and has therefore applied for an MCTO.

SNDL Granted MCTO Extension

Retrieved on: 
Friday, April 14, 2023
Alberta Securities Commission, SEC filing, AB, The Company, Annual report, Bank statement, Cryptocurrency, Audit

CALGARY, AB, April 14, 2023 /PRNewswire/ - SNDL Inc. (NASDAQ: SNDL) ("SNDL" or the "Company") announces that its principal regulator, the Alberta Securities Commission, has granted an extension to the existing management cease trade order granted on April 3, 2023 (the "MCTO") from April 14 to April 24, 2023.

Key Points: 
  • CALGARY, AB, April 14, 2023 /PRNewswire/ - SNDL Inc. (NASDAQ: SNDL) ("SNDL" or the "Company") announces that its principal regulator, the Alberta Securities Commission, has granted an extension to the existing management cease trade order granted on April 3, 2023 (the "MCTO") from April 14 to April 24, 2023.
  • SNDL and its auditor continue to work diligently toward completing the audited consolidated financial statements for the year ended December 31, 2022, annual management's discussion and analysis for the same period, annual information form for the same period (which will be reported as an Annual Report on Form 20-F) and management certifications of annual filings (collectively, the "Filings") as soon as possible.
  • The Company believes that there will be no restatement of previously released financial statements of SNDL and it expects to report fourth quarter and full year 2022 earnings and complete the Filings on or before April 24, 2023.

ASC sanctions Paul Anthony Ogilvie for breaching Alberta securities laws

Retrieved on: 
Thursday, March 23, 2023
Carbon, Ogilvie, Alberta Securities Commission, Disclosure, ASC, Canadian Securities Administrators, AB, News, Private investigator

CALGARY, AB, March 23, 2023 /CNW/ - The Alberta Securities Commission (ASC) has sanctioned Paul Anthony Ogilvie for making misrepresentations in connection with two news releases issued by Saint Jean Carbon Inc. (Saint Jean) in February and March 2017.

Key Points: 
  • CALGARY, AB, March 23, 2023 /CNW/ - The Alberta Securities Commission (ASC) has sanctioned Paul Anthony Ogilvie for making misrepresentations in connection with two news releases issued by Saint Jean Carbon Inc. (Saint Jean) in February and March 2017.
  • An ASC panel previously determined that Ogilvie, a senior officer and director of Saint Jean at the time of the misrepresentations, was responsible for making materially misleading or untrue statements in two corporate news releases.
  • The ASC is the regulatory agency responsible for administering the province's securities laws.
  • As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.