CALGARY, Nov. 20 /CNW/ - An Alberta Provincial Court judge has found
Edmonton businessman and former lawyer Orest Rusnak guilty of nine counts of
failing to comply with a March 31, 2000 Alberta Securities Commission (ASC)
decision. The ASC decision prohibited Rusnak from trading or becoming or
acting as a director or officer of any issuer for 20 years. In an oral
decision, Provincial Court Judge H.R. Chisholm decided that Rusnak had
breached the ASC decision by acting as a director of the following nine
- Academy Financial Inc.
- Silverado Manufacturing Limited
- Super Continental Train Company Inc.
- Legal Structures Inc.
- Radway Economic Development Corporation
- Showcase Tour Company
- Talisman Financial Investments Inc.
- Zurich Ventures Inc.
- Equinox Movie Productions Inc.
Sentencing has been scheduled for November 26, 2007 in Edmonton
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, firstname.lastname@example.org; For Investor
Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488