CALGARY, Jan. 2 /CNW/ - Alberta Securities Commission (ASC) staff are
seeking to reciprocate orders similar to those imposed by the British Columbia
Securities Commission (BCSC) against Michael James Savage.
Based on a February 1, 2008, BCSC order, ASC staff are seeking to
prohibit Savage from becoming or acting as a director or officer of any issuer
or using Alberta securities laws exemptions for at least 10 years. ASC staff
allege that Savage has been active in the Alberta capital market and has
solicited Alberta investors via the Internet.
It is anticipated that an ASC panel will consider this matter in February
A copy of the Notice of Hearing 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