ASC Seeking Sanctions Against Wheatfield Inc. and Gordon Goodbrand

    CALGARY, Feb. 12 /CNW/ - The Alberta Securities Commission (ASC) has
issued a Notice of Hearing alleging that Calgary-based Wheatfield Inc. and its
president and sole director Gordon Goodbrand breached Alberta securities laws
by illegally distributing Wheatfield securities to investors in Alberta.
    ASC staff allege that between May 2004 and September 2007, Wheatfield and
Goodbrand raised approximately $1.1 million U.S. from investors, including at
least 10 investors from Alberta. ASC staff are seeking various sanctions
against Wheatfield and Goodbrand, including trading bans and administrative
    An appearance to determine a date for hearing is set for Thursday, April
9, 2009 at 9 a.m. in the ASC Hearing Room, 6th Floor, 300 - 5 Avenue S.W.,
Calgary, Alberta.
    A copy of the Notice of Hearing outlining the allegations in their
entirety is 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: Mark Dickey, Senior
Communications Advisor, (403) 297-4481; For Investor Inquiries: ASC Public
Inquiries, Toll Free 1-877-355-4488

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