2012 BCSECCOM 256
Cease Trade Order
Hollund Industrial Marine, Inc.
Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
Hollund Industrial Marine, Inc.
Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
¶ 1 Hollund 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 HIMR distributed securities (the Distributions) to residents of British Columbia
¶ 3 HIMR did not file a preliminary prospectus and a prospectus for any of the Distributions.
¶ 4 HIMR 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 HIMR has not filed any disclosure documents on SEDAR as required by BCI 51-509.
(the required records).
¶ 6 Under section 164(1) of the Act, the Executive Director orders that trading in the securities of HIMR cease until:
1. HIMR files the required records completed in accordance with the Act and regulations, and
2. The Executive Director makes an order under section 164 of the Act revoking this order.
¶ 7 July 4, 2012
John Porges
Manager
Corporate Finance