CALGARY, March 31, 2015 /CNW/ - The Alberta Securities Commission (ASC) has issued a cease trade order against Exall Energy Corporation. The cease trade order was issued after ASC staff determined that Exall Energy failed to disclose, in accordance with Alberta securities laws, that it had entered into receivership and that its board of directors had resigned.
The cease trade order prohibits all trading or purchasing in Exall Energy securities until the cease trade order has been revoked or varied.
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: Mark Dickey, Senior Communications Advisor, 403.297.4481; For Investor Inquiries: ASC Public Inquiries, Toll Free 1.877.355.4488