CALGARY, June 29 /CNW/ - The Alberta Securities Commission (ASC) has
extended an interim cease trade order against the Synergy Group (2000) Inc.,
Borealis International, Inc., Len Zielke, David Prentice, Shane Smith,
Derek Grigor and Earl Switenky (collectively, the Respondents). The Interim
Cease Trade Order, issued June 15, 2007, prohibits all trading in securities
of Borealis International and will remain in effect until a hearing is
concluded and a decision rendered or until otherwise ordered. The Interim
Cease Trade Order also prohibits the Respondents from trading in any
securities or relying on any Alberta securities law exemptions.
The ASC panel issued the Interim Cease Trade Order after ASC staff
presented evidence that the Respondents had engaged in, and may still be
engaged in illegal trading of securities of Borealis International and the
making of prohibited representations to Alberta investors.
The ASC encourages anyone with concerns regarding trading of securities
of Borealis International to report or forward this information to the ASC
immediately by calling its Public Inquiries office at 1-877-355-4488.
A copy of the Interim Cease Trade Order is available on the ASC website
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: Tamera Van Brunt,
Director, Communications and Investor Education, (403) 297-2664; For Investor
Inquiries: ASC Public Inquiries, (403) 297-4296, Toll Free 1-877-355-4488