CALGARY, June 20 /CNW/ - The Alberta Securities Commission (ASC) has
extended its June 3, 2008 interim cease trade order against Shayne Lorne
Malsbury and Malsbury Investment Corporation until a hearing is concluded and
a decision is rendered in this matter, unless otherwise ordered by the ASC.
The interim cease trade order prohibits the parties from trading in any
securities and denies them the use of all Alberta securities laws exemptions.
An ASC panel extended the interim cease trade order after considering
evidence from ASC staff that the parties had illegally distributed Malsbury
Investment Corporation securities to Alberta residents in the form of
promissory notes, with promises of yearly interest payments of up to
50 per cent. ASC staff allege that approximately 171 Alberta investors
contributed over $12 million to Malsbury Investment Corporation through these
A copy of the interim cease trade extension 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