CALGARY, May 26, 2020 /CNW/ - The Alberta Securities Commission (ASC) announced today that it has received Undertakings from Candeo Growth Solutions Inc. (Candeo) and FoodChek Systems Inc. (FoodChek), in which both companies agreed that certain training, procedures and other ongoing requirements to help ensure compliance with National Instrument 45-106 Prospectus Exemptions must be met in order for either company to engage in a distribution of its securities.
The Undertakings are effective as of May 21, 2020. Investors are encouraged to review the Undertakings if they are considering any type of investment in Candeo or FoodChek.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
SOURCE Alberta Securities Commission
Renseignements: For Media Inquiries: Theresa Schroder, Senior Advisor, Communications, 587.830.4286; For Investor Inquiries: ASC Public Inquiries, Toll Free 1.877.355.4488