ASC Imposes Three-Year Market Ban and $20,000 Penalty on John David Williams

    CALGARY, March 1 /CNW/ - The Alberta Securities Commission (ASC) has
ordered a three-year market ban (with exceptions), payment of a $20,000
administrative penalty and $3,000 in costs from John David Williams of
Cochrane, Alberta. Williams is also prohibited from becoming or acting as a
director or officer of any reporting issuer for three years.
    The ASC panel found that Williams had raised approximately $106,500
through illegal distribution of securities to 10 Alberta residents and made
prohibited representations to investors.
    In its decision, the ASC panel stated it imposed the sanctions "...with a
view both to specific deterrence of future misconduct by Williams himself and
general deterrence to others who might otherwise be minded to act similarly."
    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

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