CALGARY, Sept. 9, 2016 /CNW/ - Alberta Securities Commission (ASC) staff have issued a Notice of Hearing alleging that Wayne Loderick Bennett and Environmental Sentry Services Inc. (ESSI) raised millions of dollars without a prospectus for ESSI.
Bennett and ESSI are also facing allegations that they made misleading or untrue statements to investors regarding patents that were allegedly owned or pending for ESSI products. Staff also allege that Bennett and ESSI made prohibited statements to investors that securities of ESSI would be listed on an exchange.
These allegations have not been proven.
An appearance to set a date for a hearing will be held on November 16, 2016 at 9:30 a.m. in the ASC Hearing Room on the 5th floor, 250 – 5 Street S.W., Calgary, Alberta.
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
For further information: For Media Inquiries: Alison Trollope, Director, Communications & Investor Education, 403.297.2664; For Investor Inquiries: ASC Public Inquiries, Toll Free 1.877.355.4488