CALGARY, March 14 /CNW/ - The Alberta Securities Commission (ASC) has
issued an interim cease trade order against Gold-Quest International. The
order prohibits trading in Gold-Quest securities, prohibits Gold-Quest from
trading in any securities, and denies Gold-Quest all exemptions contained in
the Alberta securities laws.
The ASC issued the 15-day interim cease trade order after hearing
evidence from ASC staff that Gold-Quest traded its securities to Alberta
investors without registration. Investor alerts were recently issued by the
British Columbia and Manitoba Securities Commissions regarding their
investigation of Gold-Quest. The British Columbia Securities Commission has
also issued a trading ban against Gold-Quest in respect to filing
The subject of the order, Gold-Quest International, is not to be confused
with GoldQuest Mining Corp., a TSX-V listed company based in British Columbia.
The ASC will consider whether to extend the interim cease trade order
during a hearing scheduled at 8:30 a.m. on Thursday, March 27, 2008 in the ASC
Hearing Room on the 6th Floor, 300 - 5th Avenue, Calgary, Alberta.
A copy of the interim cease trade order can be found 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