ASC Orders St. Albert Woman to Pay $25,000

    CALGARY, Dec. 13 /CNW/ - The Alberta Securities Commission (ASC) has
ordered Tracy Lee Kroeker of St. Albert, Alberta to pay $25,000 in
administrative penalties and costs for breaching the Alberta Securities Act.
An ASC panel found that between January and June 2003, Kroeker helped raise
$1.3 million through illegal sales to Alberta residents of shares in Pride
Resources Ltd. and Solid Resources Ltd.
    In its decision, the panel noted that since Kroeker is already banned
from the Alberta capital market (with limited exceptions) until October 9,
2014 for the illegal sale of shares of another company, there was no need to
impose another market ban in this case. However, the panel indicated "general
deterrence requires a further administrative penalty be ordered to make clear
to other market participants that misuse of the exemptions in capital-raising
activities will attract a direct personal financial consequence."
    A copy of the decision in its entirety is posted 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: Mark Dickey, Senior
Communications Advisor, (403) 297-4481,; For Investor
Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488

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