CALGARY, Oct. 9 /CNW/ - Staff of the Alberta Securities Commission (ASC)
are seeking to reciprocate a British Columbia order against B.C. based
Adcapital Industries Inc., B.C. resident Adis Golic, and Nevada-based AD
Capital U.S. Inc.
The respondents are subject to a May 20, 2008 British Columbia Securities
Commission (BCSC) temporary order, which was extended on June 4, 2008, that
prohibits the respondents from trading in all securities and ceases the
trading of Adcapital Industries and AD Capital U.S. The BCSC order alleges
that the respondents illegally traded and distributed securities without a
prospectus and proper registration thereby contravening the B.C. securities
ASC staff allege that the above parties have been active in the Alberta
capital market and solicited Alberta investors as recently as June 2008.
It is anticipated that an ASC panel will consider this matter in November
A copy of the Notice of Application is available 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