ASC Levies $115,000 in Penalties Against Coadum Capital Directors and Promoters



    CALGARY, Aug. 15 /CNW/ - The Alberta Securities Commission (ASC) has
imposed market restrictions and administrative penalties on James Albert
Jeffery, Thomas Edward Repke and Richard George Kearl in connection with the
illegal distribution of Coadum Capital Fund 1, LLC and Coadum Capital Fund II,
LP securities.
    During an ASC hearing, Jeffery, Repke and Kearl admitted that they
solicited investments in one or both of the Coadum entities without being
registered to do so and without filing a prospectus with the ASC. Jeffery and
Repke also acknowledged that they breached the terms of an ASC interim cease
trade order.
    The ASC panel ordered the following sanctions:

    
    -   Jeffery: five-year denial of Alberta securities laws exemptions and
        director and officer bans, an administrative penalty of $50,000;
    -   Repke: five-year denial of Alberta securities laws exemptions and
        director and officer bans, an administrative penalty of $50,000; and
    -   Kearl: two-year denial of Alberta securities laws exemptions, an
        administrative penalty of $15,000.
    

    The ASC panel also order payment of a total of $28,000 in costs.
    A copy of this decision 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 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


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