BCSC alleges that B.C. man and company distributed securities without a prospectus

VANCOUVER, Dec. 9, 2016 /CNW/ - The Executive Director of the British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that Kenneth William Trociuk and CAAS Mining Corporation distributed securities without a prospectus. The notice also alleges that Trociuk submitted false information to the Executive Director.

The notice alleges that in May 2011, CAAS Mining raised $15,000 from a B.C. resident (the investor) by distributing CAAS Mining shares for which a prospectus had not been filed. Trociuk, who was a B.C. resident during the relevant time, was CAAS Mining's founder, sole director and sole officer.

The notice also alleges that Trociuk submitted false information relating to the B.C. investor in response to an Order for Production from the Executive Director.

These allegations have not been proven. Counsel for the Executive Director will apply to set dates for a hearing into the allegations before a panel of commissioners on January 10, 2017 at 9:00 a.m.

You may view the notice of hearing on our website, www.bcsc.bc.ca, by typing CAAS Mining Corporation, Kenneth William Trociuk or 2016 BCSECCOM 408 in the search box. Information about disciplinary proceedings can be found in the Enforcement section of the BCSC website.

Please visit the Canadian Securities Administrators' (CSA) Disciplined List for information relating to persons disciplined by provincial securities regulators, the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA).

About the British Columbia Securities Commission (www.bcsc.bc.ca)

The British Columbia Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act. Our mission is to protect and promote the public interest by fostering:

  • A securities market that is fair and warrants public confidence
  • A dynamic and competitive securities industry that provides investment opportunities and access to capital

 

Learn how to protect yourself and become a more informed investor at www.investright.org

SOURCE British Columbia Securities Commission

For further information: Media Contact: Alison Walker, 604-899-6713; Public inquiries: 604-899-6854 or 1-800-373-6393 (toll free), inquiries@bcsc.bc.ca

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http://www.bcsc.bc.ca

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