ASC Seeks Trading Ban against Ontario-based Triclean Enterprises

CALGARY, Nov. 27 /CNW/ - The Alberta Securities Commission (ASC) is applying to reciprocate a final order imposed by the Manitoba Securities Commission (MSC) against Ontario-based Triclean Enterprises Inc.

The August 24, 2009 MSC order permanently denies Triclean Enterprises the use of registration exemptions contained in Manitoba securities laws. The MSC found that Triclean Enterprises contravened Manitoba securities laws by illegally trading securities.

ASC staff allege that Triclean Enterprises has been active in the Alberta capital market and solicited Alberta investors.

It is anticipated that an ASC panel will consider this matter in December 2009.

A copy of the Notice of Hearing is available on the ASC website at www.albertasecurities.com.

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.

SOURCE Alberta Securities Commission

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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