CALGARY, Dec. 28 /CNW/ - The Alberta Securities Commission (ASC) has
issued an interim cease trade order against Puerto Vallarta, Mexico based
LandBankers International MX S.A. de C.V., BonZac Asociados S.A. de C.V. and
Saskatchewan resident Kelly Friesen for the illegal marketing of securities.
The interim cease trade order, in effect for 15 days, ceases all trading
of LandBankers securities, prohibits LandBankers, BonZac, and Friesen from
trading in any securities and denies them the use of exemptions under the
Alberta Securities Act. The ASC issued the interim cease trade order after
hearing evidence from ASC staff that LandBankers and Friesen had conducted a
sales seminar in Red Deer and that they had sold LandBankers securities
without registration to Alberta investors.
Both the ASC and Quebec's securities commission have issued investor
warnings regarding LandBankers and the Saskatchewan Financial Services
Commission recently issued a similar cease trade order against LandBankers and
The next appearance has been scheduled for 9:00 am, January 11, 2008 in
the ASC Hearing Room on the 6th Floor, 300 - 5th Avenue, Calgary, Alberta. At
that time, the ASC will consider whether to extend the interim order.
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, firstname.lastname@example.org; For Investor
Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488