CALGARY, June 9 /CNW/ - The Alberta Securities Commission (ASC) has
issued a Notice of Hearing seeking an order reciprocating a British Columbia
order against John DeVries, Ernest Reed Grafke, Ralph Bromley and Wesley
Campbell. ASC staff allege that between May 2002 and July 2003 these
individuals sold shares of Amber Enterprises Ltd. to 12 Alberta investors and
raised approximately $600,000 without registering with the ASC or filing a
prospectus as required under the Alberta Securities Act.
The individuals are subjects of an order issued by the British Columbia
Securities Commission (BCSC) on January 29, 2007. The BCSC issued its order
based on DeVries, Grafke, Bromley and Campbell's admitted breaches of the
British Columbia Securities Act that:
- they were not registered to trade in securities of Amber;
- the BCSC had not issued a receipt with respect to the Amber
- the BCSC had not issued an order granting exemption from registration
and prospectus requirements.
An ASC hearing into this matter is scheduled for Thursday, June 26, 2008.
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