CALGARY, July 18 /CNW/ - The Alberta Securities Commission (ASC) has
extended its interim cease trade order against Ohio-based Petroleum Unlimited,
LLC, Aurora Escrow Services, LLC, Roger A. Kimmel Jr. and Florida based
selling agents Global Petroleum Strategies, LLC and Rosemary Salveggi. The
interim order prohibits the named parties from trading in any securities and
denies them the use of all Alberta securities laws exemptions. The interim
order will remain in effect until a hearing into this matter is concluded and
a decision rendered.
An ASC panel extended the interim cease trade order after considering
evidence from ASC staff that the parties had illegally sold and distributed
Petroleum Unlimited securities to Alberta residents while promising large
monthly returns for life.
The ASC encourages anyone who has been contacted by Petroleum Unlimited
or any its representatives to contact the ASC Public Inquiries Office at
A copy of the extended interim cease trade order and interim cease trade
order 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