CALGARY, June 18 /CNW/ - The Alberta Securities Commission (ASC) has
issued 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 (the Respondents) that prohibits all trading in
Borealis International securities. The interim cease trade order also
prohibits the Respondents from trading in all securities or relying on any
Alberta securities law exemptions.
The interim cease trade order is in effect until June 29, 2007, when a
hearing will be held to determine whether the order should be extended.
The ASC panel issued the interim cease trade order after reviewing
evidence that the Respondents had engaged, 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 and Notice of Hearing is
available on the ASC website 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: 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