ASC reciprocates cease-trade order against Digagogo Ventures Corp.
CALGARY, Jan. 23, 2013 /CNW/ - The Alberta Securities Commission (ASC) has reciprocated a cease-trade order imposed by the British Columbia Securities Commission (BCSC) on Digagogo Ventures Corp.
The BCSC found that certain Digagogo Ventures' disclosure in filings and a news release was not completed in accordance with British Columbia securities laws. The BCSC ordered on August 10, 2011 that trading in securities of Digagogo Ventures cease until that disclosure is properly completed.
According to evidence provided to an ASC panel, Digagogo Ventures is operating in Red Deer through a licensee and at least one Albertan has invested in Digagogo Ventures. The ASC panel found it is in the public interest to order that all trading in securities of Digagogo Ventures cease until the BCSC order is revoked.
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