CALGARY, April 6, 2017 /CNW/ - The Alberta Securities Commission (ASC) has extended an Interim Order, issued March 21, 2017, against the following individuals: Paul Ogilvie, Dick van Wyck, Barry Allan Pearson, David Madill, William Elmer Pfaffenberger, David Edward Da Rin, Donald George MacIntyre, Donald George Snyder, Paul Cooper, and all "reporting insiders," as that term is defined at section 1.1 of National Instrument 55-104 Insider Reporting Requirements and Exemptions (collectively, the Reporting Insiders) of Saint Jean Carbon Inc.
The Extending Order prohibits all trading in securities of Saint Jean Carbon Inc. by the Reporting Insiders. The Company is listed for trading on the TSX Venture Exchange under the symbol "SJL", and is quoted for trading in the United States on the OTC Link, specifically OTCQB, under the symbol "TORVF".
The Extending Order is in effect "until any proceeding arising from the Investigation and initiated pursuant to the Act, including a trial in respect of an offence, is finally determined or otherwise concluded."
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: Nicole Tuncay, Senior Communications Advisor, 403.297.4008; For Investor Inquiries: ASC Public Inquiries, Toll Free 1.877.355.4488