CALGARY, April 23 /CNW/ - The Alberta Securities Commission (ASC) has issued an Interim Cease Trade Order against CNF Candy Corp. based on allegations that it engaged in illegal trading and distribution of securities in Alberta.
The Interim Cease Trade Order is in effect until May 7, 2010 and prohibits all trading in CNF Candy Corp. securities. The order also prohibits CNF Candy Corp. from trading in any securities and relying on any Alberta securities law exemptions. An ASC panel issued the Interim Cease Trade Order after hearing evidence from ASC staff that CNF Candy Corp. is dealing in and trading in securities to Albertans without registration, a prospectus or use of an applicable exemption.
The next appearance has been scheduled for May 7, 2010 at 9 a.m. in the ASC Hearing Room on the 6th Floor, 300 - 5th Avenue S.W., Calgary, Alberta. At that time, an ASC panel will consider extending the interim order.
A copy of the Interim Cease Trade Order and the Notice of Hearing can be found 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 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