ASC Alleges Illegal Sales Of Coadum Securities

    CALGARY, Dec. 18 /CNW/ - The Alberta Securities Commission (ASC) has
issued an Amended Notice of Hearing alleging that Richard George Kearl, Coadum
Capital Fund 1, LLC, Coadum Capital Fund II, LP (Coadum 2), Coadum Advisors,
Inc., Daystar Holdings Inc., Timothy Michael Lawler, James Albert Jeffery and
Thomas Edward Repke engaged in illegal trading and distributions of Coadum and
Coadum 2 securities to Alberta residents.
    In the Amended Notice of Hearing, ASC Staff also allege that Kearl,
Coadum, Daystar, Lawler, Coadum Advisors, Jeffery and Repke made misleading
statements to Alberta residents, and that Coadum 2, Coadum Advisors, Jeffery
and Repke contravened the ASC's May 26, 2006 interim cease trade order.
    An appearance to determine a date for the hearing is set for February 1,
2008 at 9 a.m. in the ASC hearing room, 6th floor, 300 - 5th Avenue, Calgary,
    The ASC has also indicated it is no longer taking enforcement action
against Emerald Title Insurance Agency Inc. and Rodger Patrick Rowley in this
    A copy of the Amended Notice of Hearing and the November 27, 2007 order
are 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

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