CALGARY, June 19 /CNW/ - The Alberta Securities Commission (ASC) has
found that Tracy Lee Kroeker of St. Albert, Alberta, and Beverly Kamerling and
Tolan Shigeo Furusho of Bellevue, Washington contravened the Alberta
Securities Act by illegally selling shares in Goldtech Mining Corporation
An ASC panel found that in February and March 2004 approximately
US$300,000 was illegally raised in Ontario and Alberta - mostly Alberta - and
paid to Furusho for Goldtech shares.
In its decision, the panel noted the importance of full, true and plain
disclosure of material information regarding the sale of securities and
concluded that Kroeker, Kamerling and Furusho "...engaged in a process in
which Alberta investors were deprived of these fundamental protections." The
panel concluded that "...Alberta Goldtech investors were put at risk - indeed,
their money has apparently been lost."
A hearing date to consider the issue of sanctions against Kroeker,
Kamerling and Furusho will be scheduled at a later time.
A copy of the decision in its entirety is posted on the ASC website 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: 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