ASC extends cease trade order against Edmonton businessman Ronald Cloutier

CALGARY, Feb. 14 /CNW/ - The Alberta Securities Commission (ASC) has further extended an Interim Cease Trade Order against Edmonton businessman Ronald Theodore Cloutier and a number of companies owned and controlled by him, namely Venture Contractors Ltd., Viva Communications Ltd., Sunterra Resource Audit Equipment Ltd. and Sunterra Seismic Inc.  The order was based on allegations that Cloutier and his companies were illegally selling securities to Alberta investors and will remain in effect until August 10, 2011.

The order prohibits all trading in any securities of Cloutier or his companies. The order also prohibits Cloutier and his companies from trading in any securities or using any Alberta securities laws exemptions.

ASC staff are continuing their investigation into this matter.  Anyone who has been contacted by someone from or on behalf of Ronald Theodore Cloutier, Venture Contractors Ltd., Viva Communications Ltd., Sunterra Resource Audit Equipment Ltd. or Sunterra Seismic Inc. is asked to contact the ASC Public Inquiries Office at 403-355-4151 or 1-877-355-4488. Investors are cautioned against sending money for securities or investment purposes to any of the named parties while the extended Interim Cease Trade Order is in effect.

Copies of the Interim Cease Trade Order: Extension and Notice of Hearing can be found 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 markets.

SOURCE Alberta Securities Commission

For further information:

For Media Inquiries: 

Mark Dickey
Senior Communications Advisor
403.297.4481
For Investor Inquiries: 
ASC Public Inquiries
Toll Free 1.877.355.4488 


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.