CALGARY, Feb. 13, 2019 /CNW/ - The Alberta Securities Commission (ASC) has issued an Interim Order against Prize Mining Corporation (Prize).
An ASC panel previously ordered that all trading in Prize shares must cease pending the determination of a hearing into allegations that Prize breached Alberta securities laws and acted contrary to the public interest by making misrepresentations and failing to comply with its continuous disclosure obligations. An ASC hearing panel, having received and considered documentary evidence and submissions, issued the Interim Order on February 12, 2019.
The Interim Order takes effect immediately and prohibits all trading in or purchasing of Prize securities. The Interim Order also prohibits Prize from using exemptions contained in Alberta securities laws. The Interim Order expires at 6:00 p.m. (MST) on the business day following the dissemination to the public of a news release by Prize disclosing specific information as outlined in the Interim Order.
ASC staff continue their investigation into this matter.
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: Hilary McMeekin, Manager, Communications, 403.592.8186; For Investor Inquiries: ASC Public Inquiries, Toll Free 1.877.355.4488