CALGARY, Sept. 15 /CNW/ - The Alberta Securities Commission (ASC) has
concluded a settlement with Integra Investment Services Ltd. director Maxine
Cooke of Calgary for the illegal distribution of Carling Development Inc.,
Carling Development (B.C.) Inc. and Rundle Development Cooperative securities.
Cooke agreed to pay the ASC $100,000 to settle the allegations against
her plus $50,000 towards costs. Cooke also undertook to cease trading in
securities, relying on exemptions and refrain from acting as a director or
officer of any issuer for 15 years.
In the Settlement Agreement, Cooke admitted that Integra Investment
Services was involved in raising $12.5 million from Alberta residents through
the sale of Carling Development, Carling Development (B.C.) and Rundle
Development Cooperative securities. Cooke and Integra Investment Services were
not registered with the ASC to do so and failed to file any documentation for
such transactions as required under Alberta securities laws.
A copy of the Settlement Agreement is posted on the ASC website at
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