ASC Extends Cease Trade Order Against Cleone Couch and Shire International



    CALGARY, June 16 /CNW/ - The Alberta Securities Commission (ASC) extended
an interim cease trade order against Calgary businesswoman Jeanette Cleone
Couch, Shire International Real Estate Investment Ltd., Shire Asset Management
Ltd., Maples and White Sands Investment Ltd. and Hawaii Fund trust based on
allegations of misrepresentations and fraud. A hearing to consider ASC staff's
application to extend the interim order was cancelled as Couch and the other
named parties consented to the extension of the interim cease trade order.
    The interim order prohibits Couch and the named companies from trading in
any securities or relying on any Alberta securities laws exemptions. The
interim order will now remain in effect until a hearing into this matter is
concluded and a decision rendered, unless otherwise ordered.
    Copies of the extended Interim Cease Trade Order, the original Interim
Cease Trade Order and 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.





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


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