AMF Cease Trade Order

DECISION No 2020-IC-0005

File No. 43804

March 26, 2020

Cease Trade Order

United American Corp. (the "Issuer") is a reporting issuer of the over-the-counter market in Quebec subject to Regulation 51-105 on issuers listed on over-the counter markets American, CQLR, c. V-1.1, r. 24.1 ("Regulation 51-105");

The issuer has failed to file with the Autorite des marches financiers (the "Authority") the documents and information required under section 73 of the Securities Act, CQLR, c. V-1.1 (the "Law") and section 5 of Regulation 51-105 (the "default");

Given the failure of the issuer to remedy the default on the date of this decision;

Considering Articles 265, 267 and 318 of the Law;

Given the powers delegated in accordance with article 24 of the Law on the supervision of the sector financial, RLRQ, c. E-6.1.

Consequently, the Authority:

banned United American Corp. and its securityholders, brokers and their representatives, as well as to any other person, any activity related to operations on values ​​of the reporting issuer in the over-the-counter market because the latter did not in compliance with the obligations set out in Regulation 51-105.

The Authority may revoke this decision under section 318 of the Act if the issuer remedy the default satisfactorily.

Martin Latulippe
Continuous Information Director
OGI / ale

Original (French)