ASC issues Interim Order against Reporting Insiders of Saint Jean Carbon Inc.

CALGARY, March 22, 2017 /CNW/ - The Alberta Securities Commission (ASC) has issued an Interim Order against the following individuals: Paul Ogilvie, Dick van Wyck, Barry Allan Pearson, David Madill, William Elmer Pfaffenberger, David Edward Da Rin, Donald George MacIntyre, Donald George Snyder, Paul Cooper, and all "reporting insiders," as that term is defined at section 1.1 of National Instrument 55-104, Insider Reporting Requirements and Exemptions (collectively, the Reporting Insiders) of Saint Jean Carbon Inc.

The Interim Order prohibits all trading in the securities of Saint Jean Carbon Inc. by the Reporting Insiders. The Company is listed for trading on the TSX Venture Exchange under the symbol "SJL," and is quoted for trading on the OTC Link, specifically the OTCQB, under the symbol "TORVF."

The Interim Order is in effect until April 5, 2017, unless extended by the ASC.

A copy of the Interim Order can be found 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 with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

SOURCE Alberta Securities Commission

For further information: For Media Inquiries: Nicole Tuncay, Senior Communications Advisor, 403.297.4008; For Investor Inquiries: ASC Public Inquiries, Toll Free 1.877.355.4488

RELATED LINKS
http://www.albertasecurities.com

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