CALGARY, March 12, 2015 /CNW/ - The Alberta Securities Commission (ASC) has issued a 15-day halt trade order that stops all trading in securities and derivatives of ChitrChatr Communications Inc. (ChitrChatr), which is listed for trading on the Canadian Securities Exchange and quoted on the Frankfurt Open Market (Freiverkehr) in Germany and in the United States on the OTC Markets.
The trading halt order was issued because the ASC's Executive Director "considers that circumstances exist or are about to occur that could result in other than orderly trading of securities and derivatives of ChitrChatr" and that it is "in the public interest to halt trading of the securities and derivatives of ChitrChatr."
The order is in effect until end of day March 31, 2015, or until revoked by the Executive Director, whichever comes first.
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: Mark Dickey, Senior Communications Advisor, 403.297.4481; For Investor Inquiries: ASC Public Inquiries, Toll Free 1.877.355.4488