CALGARY, March 7 /CNW/ - The Alberta Securities Commission (ASC) has
ordered a six-year market ban (with exceptions), payment of a $35,000
administrative penalty and $2,000 in costs by Serge Bourgoin of Edmonton,
The ASC panel found that Bourgoin, a former registrant under the
Securities Act, raised over $100,000 by promoting the sale of securities of
Goldtech Mining Corporation (Nevada) to 23 Alberta residents.
In its decision, the ASC panel stated that "Bourgoin has admitted serious
contraventions of Alberta securities laws." The ASC panel also stated that the
sanctions "... provide a reasonably measured response to our findings of
misconduct by Bourgoin."
A copy of the decision will be 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: Tamera Van Brunt,
Director, Communications and Investor Education, (403) 297-2664; For Investor
Inquiries: ASC Public Inquiries, (403) 297-4296, Toll Free 1-877-355-0585