CALGARY, April 11 /CNW/ - The Alberta Securities Commission (ASC) has
issued a Notice of Hearing alleging that Calgary-based Blue Sky Resorts
Inc., related entities Mandyland Inc. and Blue Sky Lease Inc. and their
principals, Margaret Uhersky, Dennis Uhersky and Jeremy Davis, breached
Alberta securities laws by defrauding investors and illegally trading
and distributing securities in Alberta.
ASC staff allege that between August 2005 and July 2009, the companies
noted above raised at least $2.75 million from investors. ASC staff
also allege the companies and their principals made misrepresentations
to investors and perpetrated a fraud by using more than $1 million of
the investor funds for personal purposes.
An appearance to determine a date for hearing is set for Thursday, May
12, 2011 at 10:30 a.m. in the ASC Hearing Room, 5th Floor, 250 - 5 Street S.W., Calgary, Alberta.
A copy of the Notice of Hearing outlining the allegations in their entirety is available on the ASC
website at www.albertasecurities.com.
The ASC is the regulatory agency responsible for administering the
province's securities laws. It is entrusted to foster a fair and
efficient capital market in Alberta and to protect investors. As a
member of the Canadian Securities Administrators, the ASC works to
improve, coordinate and harmonize the regulation of Canada's capital
SOURCE Alberta Securities Commission
For further information:
| For Media Inquiries: |
| Lorinda Brinton |
Senior Advisor, Investor Education
| || || || |
| For Investor Inquiries: |
| ASC Public Inquiries |
Toll Free 1-877-355-4488