CALGARY, April 6, 2015 /CNW/ - The Alberta Securities Commission (ASC) has issued a cease trade order against QSolar Limited. The cease trade order was issued after ASC staff determined that QSolar failed to disclose, in accordance with Alberta securities laws, that its entire board of directors and all executive officers had resigned, and that it had discontinued its operations.
The cease trade order prohibits all trading or purchasing in QSolar securities until the cease trade order has been revoked or varied.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 with fostering a fair and efficient capital market in Alberta and with protecting 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