Business
Cease Trade Order
Cease Trade Order.
About this update from Universal New Energy Holding Group, Inc.
[{"type":"text","content":"2010 BCSECCOM 152Cease Trade OrderGuinness Exploration, Inc.Section 164 of the Securities Act, R.S.B.C. 1996, c. 418¶ 1\tGuinness Exploration, Inc. (Guinness) is an OTC reporting issuer under BC Instrument 51-509 Issuers Quoted in the U.S. Over-the-Counter Markets (BCI 51-509).¶ 2\tGuinness has not filed:1.\tinterim financial statements for the interim periods ended November 30, 2008, February 28, 2009, August 31, 2009 and November 30, 2009, as required under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) and section 5(b) of BCI 51-509, 2.\tcomparative annual financial statements for its financial year ended May 31, 2009, as required under Part 4 of NI 51-102 and section 5(b) of BCI 51-509, 3.\ta Form 51-102F1 Management's Discussion and Analysis for the periods ended November 30, 2008, February 28, 2009, May 31, 2009, August 31, 2009 and November 30, 2009, as required under Part 5 of NI 51-102 and section 5(b) of BCI 51-509,4.\ta Form 51-102F2 Annual Information Form for the year ended May 31, 2009, as required under section 5(c) of BCI 51-509,5.\tcopies of news releases and related material change reports disclosing:(a)\tthe change in control and management of Guinness on October 19, 2009, subsequent management changes on December 1, 2009, December 10, 2009, and January 13, 2010, and the change in the Company’s head office to New Zealand in January 2010,(b)\tthe acquisition of an interest in two exploration properties in the Yukon Territory from Eagle Trail Properties Inc. (EPTI) on November 19, 2009 pursuant to an agreement (the Property Acquisition Agreement) between Guinness and EPTI entered into November 19, 2009, (c)\tthe amendment of Guinness’ Articles of Incorporation to increase the authorized number of its common shares and to authorize the issuance of preferred shares approved by Guinness’ Board of Directors November 30, 2009, (d)\tthe issue of 60 million common shares to EPTI under the Property Acquisition Agreement on December 29, 2009, and(e)\tthe private placement of 1,875,000 units, consisting of one common share and one common share purchase warrant, at U.S. $0.80 per Unit, for aggregate proceeds of U.S. $1,500,000,as required under Part 7 of NI 51-102 and section 5(b) of BCI 51-...