Business
British Columbia Securities Commission - Cease Trade Order
British Columbia Securities Commission - Cease Trade Order.
About this update from Hollund Industrial Marine Inc
[{"type":"text","content":"2012 BCSECCOM 256Cease Trade OrderHollund Industrial Marine, Inc.Section 164 of the Securities Act, R.S.B.C. 1996, c. 418¶ 1\tHollund Industrial Marine, Inc. (HIMR) is a Washington State 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) since November 10, 2009 because investor relations activities have been carried on in or from British Columbia.¶ 2\tHIMR distributed securities (the Distributions) to residents of British Columbia¶ 3\tHIMR did not file a preliminary prospectus and a prospectus for any of the Distributions.¶ 4\tHIMR did not file a Form 45-106F6 British Columbia Report of Exempt Distribution that would be required to be filed under section 6.1 of National Instrument 45-106 Prospectus and Registration Exemptions if it relied on any of the exemptions from the prospectus and registration requirements listed in that section for any of the Distributions.¶ 5\tHIMR has not filed any disclosure documents on SEDAR as required by BCI 51-509. (the required records).¶ 6\tUnder section 164(1) of the Act, the Executive Director orders that trading in the securities of HIMR cease until:1.\tHIMR files the required records completed in accordance with the Act and regulations, and2.\tThe Executive Director makes an order under section 164 of the Act revoking this order.¶ 7\tJuly 4, 2012John PorgesManagerCorporate Finance","length":4781,"tagName":"div"}]