CALGARY, May 24, 2011 /CNW/ - The Alberta Securities Commission (ASC) is
seeking to reciprocate orders imposed by the Ontario Securities
Commission (OSC) against Al-Tar Energy Corp., Alberta Energy Corp.,
David C. Campbell, Abel Da Silva, Eric F. O'Brien and Julian M.
On January 6, 2011, the OSC ordered, among other things, that Campbell,
Da Silva, O'Brien and Sylvester be permanently banned from: trading in
securities; using any Ontario securities laws exemptions; and acting as
a director or officer of any issuer or registrant. In addition, the OSC
ordered that Al-Tar Energy Corp. and Alberta Energy Corp. permanently
cease trading in securities.
The OSC found that Al-Tar Energy Corp., Alberta Energy Corp., Campbell,
Da Silva, O'Brien and Sylvester perpetrated a fraud on investors in
Canada and the United Kingdom. More than $650,000 was raised from
investors, all of whom lost all their funds.
The ASC seeks reciprocation of the OSC orders to protect Alberta
investors and the Alberta capital market.
It is anticipated that the ASC panel will consider this application in
A copy of the Notice of Hearing 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: |
| Mark Dickey |
Senior Communications Advisor
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| For Investor Inquiries: |
| ASC Public Inquiries |
Toll Free 1-877-355-4488