2010 BCSECCOM 638
Cease Trade Order
James Monroe Capital Corporation
Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
Cease Trade Order
James Monroe Capital Corporation
Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
¶ 1 James Monroe Capital Corporation (James Monroe) is a Delaware corporation that is an OTC reporting issuer under BC Instrument 51-509 Issuers Quoted in the U.S. Over-the-Counter Markets(BCI 51-509).
¶ 2 James Monroe has not filed a news release and material change report disclosing the acquisition of Microline Veneer & Forest Products Corp. in exchange for 12,499,866 shares of JMON’s Preferred Class, Series B stock, as required by Part 7 of National Instrument 51-102 Continuous Disclosure Obligations(the required records).
¶ 3 Under section 164(1) of the Act, the Executive Director orders that all trading in the securities of James Monroe cease until:
1. it files the required records, completed in accordance with the Act and rules, and
2. the Executive Director makes an order under section 171 of the Act revoking this order.
¶ 4 November 24, 2010