ASC Seeks Orders Against Michael James Savage



    CALGARY, Jan. 2 /CNW/ - Alberta Securities Commission (ASC) staff are
seeking to reciprocate orders similar to those imposed by the British Columbia
Securities Commission (BCSC) against Michael James Savage.
    Based on a February 1, 2008, BCSC order, ASC staff are seeking to
prohibit Savage from becoming or acting as a director or officer of any issuer
or using Alberta securities laws exemptions for at least 10 years. ASC staff
allege that Savage has been active in the Alberta capital market and has
solicited Alberta investors via the Internet.
    It is anticipated that an ASC panel will consider this matter in February
2009.
    A copy of the Notice of Hearing is available 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


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890