CALGARY, July 4 /CNW/ - The Alberta Securities Commission (ASC) has
issued an 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 ceases trading of Petroleum Unlimited securities and prohibits
the named parties from trading in any securities and from using Alberta
securities laws exemptions.
An ASC panel issued the 15-day interim order after hearing evidence from
ASC staff that the parties were actively soliciting investments in Alberta and
had illegally sold and distributed Petroleum Unlimited securities to six
An ASC panel will consider whether to extend the interim cease trade
order during a hearing scheduled at 9 a.m. on Thursday July 17, 2008, in the
ASC Hearing Room on the 6th floor, 300 - 5th Avenue S.W., Calgary, Alberta.
A copy of the interim cease trade order and notice of hearing 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