ASC Finds Tracy Lee Kroeker Engaged in Illegal Trades of Securities

    CALGARY, Oct. 2 /CNW/ - The Alberta Securities Commission (ASC) has found
that Tracy Lee Kroeker of Edmonton contravened the Alberta Securities Act by
engaging in illegal trades of securities.
    In its decision, the ASC panel determined that Kroeker participated in
illegal trades and distribution of Pride Resources Ltd. shares and Solid
Resources Ltd. units by contravening the registration and prospectus
requirements in the Alberta Securities Act.
    The ASC panel concluded that "Alberta investors were put at risk and it
appears that, contrary to their expectations, many lost money as a result of
their investments in Pride and Solid." The panel also stated that Kroeker's
"failure to be honest and truthful with the Panel about her compensation ...
and her involvement with the use of the Family, Friends and Business
Associates Exemption was unacceptable conduct from one who sought to access
the Alberta capital market."
    The ASC panel will consider submissions from ASC staff and Kroeker before
it decides what, if any, sanctions it should impose.

    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: Tamera Van Brunt,
Director, Communications and Investor Education, (403) 297-2664; For Investor
Inquiries: ASC Public Inquiries, (403) 297-4296, Toll Free 1-877-355-4488

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