Business
British Columbia Securities Commission - Cease Trade Order
British Columbia Securities Commission - Cease Trade Order.
About this update from Sanwire Corp.
[{"type":"text","content":"Citation: 2013 BCSECCOM 262Cease Trade OrderSanwire CorporationSection 164 of the Securities Act, R.S.B.C. 1996, c. 418?1\tSanwire Corporation (Sanwire) is an OTC Reporting issuer under Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets (MI 51-105).?2\tSanwire has made numerous share distributions (the Distributions).?3\tSanwire did not file a preliminary prospectus and a prospectus for any of the Distributions.?4\tSanwire did not file a Form 45-106F1 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\tUnder section 164(1) of the Act, the Executive Director orders that trading in the securities of Sanwire cease until:1.\tit files a preliminary prospectus and a prospectus, in the required form, for the Distributions and the Executive Director issues receipts for the preliminary prospectus and prospectus, or 2.\tit files a Form 45-106F1 Report of Exempt Distribution, if Sanwire relied on exemptions from the registration and prospectus requirements of the Act for the Distributions that were available to it and require a Report of Exempt Distribution, and3.\tthe Executive Director revokes this order.?6\tJuly 12, 2013John PorgesManagerCorporate Finance","length":4409,"tagName":"div"}]