CALGARY, Jan. 5 /CNW/ - An Alberta Securities Commission (ASC) panel has
banned B.C.-based Adcapital Industries Inc., its president Adis Golic, and
Nevada-based AD Capital U.S. Inc. from trading securities or using any
exemptions under Alberta securities laws. The panel also ordered all trading
of Adcapital Industries and AD Capital U.S. securities to cease and banned
Golic from acting as a director or officer of any issuer.
The ASC order reciprocates a similar temporary order issued by the
British Columbia Securities Commission (BCSC) on June 4, 2008 and will stand
for as long as the BCSC order remains in effect. The BCSC order was based on
indications that the above named parties contravened B.C. securities laws by
illegally trading and distributing securities in B.C. In seeking the
reciprocal order, ASC staff provided evidence that an Alberta investor had
been solicited to purchase AD Capital U.S. shares as recently as April 2008.
A copy of the decision is available on the ASC website at
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.
For further information:
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