CALGARY, Feb. 24, 2016 /CNW/ - The Alberta Securities Commission (ASC) has issued a 15-day halt trade order that halts all trading in securities and derivatives by North America Frac Sand, Inc. (NAFS), which is quoted for trading in the United States on the Over-the-Counter markets.
The order was issued because the ASC's Acting Executive Director "considers that circumstances exist or are about to occur that could result in other than orderly trading of NAFS securities and derivatives" and that it is "in the public interest to halt trading of the securities and derivatives of NAFS."
The order is in effect until end of day March 11, 2016, or until revoked by the Executive Director, whichever comes first.
A copy of the 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: Mark Dickey, Senior Communications Advisor, 403.297.4481; For Investor Inquiries: ASC Public Inquiries, Toll Free: 1.877.355.4488