Business
British Columbia Securities Commission - Cease Trade Order
British Columbia Securities Commission - Cease Trade Order.
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[{"type":"text","content":"2011 BCSECCOM 388Cease Trade OrderDigagogo Ventures Corp.Section 164 and 171 of the Securities Act, R.S.B.C. 1996, c. 418 ¶ 1 Digagogo Ventures Corp. (Digagogo) is a Delaware corporation that is an OTC reporting issuer under BC Instrument 51-509 Issuers Quoted on the U.S. Over-the-Counter Markets (BCI 51-509). ¶ 2 On August 9, 2011, the Executive Director ordered (the Halt Trade Order) that trading in the securities of Digagogo be halted until the end of August 12, 2011 because he became aware of information, other than information filed under the Act, that when disclosed to the public may cause, or is likely to cause unusual fluctuations in the volume of trading in, or market price, of Digagogo’s securities. ¶ 3 In a telephone conversation on August 9, 2011, Fernando Londe (Londe), the CEO and a director of Digagogo, told staff of the British Columbia Securities Commission that Rene Branconnier (Branconnier) provided $195,000 to purchase the control position in Digagogo that Londe acquired on November 3, 2010. Londe also provided information to staff about Branconnier’s role in Digagogo, and staff determined that Branconnier is a promoter, director and officer of Digagogo. ¶ 4 On August 8, 2011, Digagogo filed the following records required to be filed under the Act: 1. Form 8-K Current Report dated November 3, 2010, filed with the United States Securities and Exchange Commission (SEC) on November 17, 2010 (the November 2010 Disclosure), required to be filed under Part 7 and section 11.1 of National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102), 2. Form 8-K Current Report dated April 12, 2011, filed with the SEC April 14, 2011, as amended by Form 8-K/A Amendment No. 1 Current Report dated April 12, 2011, filed with the SEC April 20, 2011, as amended by Form 8-K/A Amendment No. 2 Current Report dated June 6, 2011, filed with the SEC June 9, 2011, as amended by Form 8-K/A Amendment No. 3 Current Report dated June 30, 2011, filed with the SEC July 7, 2011, as amended by Form 8-K/A Amendment No. 4 Current Report dated July 20, 2011, filed with the SEC July 21, 2011, as amended by Form 8-K/A Amendment No. 5 Current Report dated and filed with the SEC July 21, 2011(the Super 8-K Disclosure), as required to be filed under Part...