TORONTO, Dec. 27 /CNW/ - Trading of Luxell Technologies Inc. (TSX:LUX) was halted by the BC Securities Commission ("BCSC") on December 24th 2007 pursuant to BCSC having issued a Cease Trade Order ("CTO") after market close on December 21st 2007. When Luxell inquired about the reasons for the CTO, it was determined that trading should not have been halted.
On December 24th 2007, BCSC issued a Bulletin titled "Revocation Order" that contained the following information:
- On December 21, 2007, the Executive Director ordered under section
164(1) of the Act, that all trading in the securities of Luxell cease
until it files the required record and the Executive Director revokes
the cease trade order.
- Luxell is currently under management cease trade in Ontario and
should not have been cease traded in British Columbia.
- Under section 164 of the Act, the Executive Director orders that the
cease trade order in British Columbia is revoked, however, Luxell
remains under management cease trade in Ontario.
- December 24, 2007
Michael L. Moretto, CA, CPA (Illinois)
Manager
Corporate Finance
The complete Bulletin can be viewed online at:
http://www.bcsc.bc.ca/comdoc.nsf/allbyunid/0fa3beff58e7ede0882573bb006e23 56?opendocument
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