CALGARY, June 17, 2013 /CNW/ - The Alberta Securities Commission (ASC) has issued a cease trade order against Papa Chocolat Distribution Inc. The cease trade order was issued after ASC staff determined Papa Chocolat Distribution Inc.'s offering memorandum dated November 26, 2012 was not completed in accordance with Alberta securities laws.
The cease trade order prohibits all trading or purchasing in Papa Chocolat Distribution Inc. securities until the cease trade order has been revoked or varied.
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