UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 64164 / April 1, 2011
The Securities and Exchange Commission announced the temporary suspension, pursuant to
Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the
securities of China Changjiang Mining & New Energy Co., Ltd. (“CHJI”), a Nevada corporation
previously known as North American Gaming and Entertainment Corporation with headquarters
and operations in the People’s Republic of China, at 9:30 a.m. EDT on April 1, 2011, and
terminating at 11:59 p.m. EDT on April 14, 2011.
Questions have arisen regarding the accuracy and completeness of information contained in
CHJI’s public filings with the Commission concerning, among other things, the company’s
financial statements for 2009 and 2010. CHJI has failed to disclose that (a) the company filed its
last periodic report on Form 10-Q for the quarter ended September 30, 2010 without the required
review of the interim financial statements by an independent public accountant; and (b) the
company’s independent auditor has resigned, withdrawn its audit opinion issued April 16, 2010
relating to the audit of the company’s consolidated financial statements as of December 31,
2009, and informed the company that the financial statements for the quarters ended March 31,
June 30, and September 30, 2010 could no longer be relied upon.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they
should carefully consider the foregoing information along with all other currently available
information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the
Exchange Act, at the termination of the trading suspension, no quotation may be entered unless
and until they have strictly complied with all of the provisions of the rule. If any broker or dealer
has any questions as to whether or not he has complied with the rule, he should not enter any
quotation but immediately contact the staff in the Division of Trading and Markets, Office of
Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is
required by Rule 15c2-11, he should refrain from entering quotations relating to CHJI’s
securities until such time as he has familiarized himself with the rule and is certain that all of its
provisions have been met. If any broker or dealer enters any quotation which is in violation of
the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer or other person has any information which may relate to this matter, they
should immediately contact Marshall S. Sprung, Assistant Regional Director, Los Angeles
Regional Office, at (323) 965-3320, or Junling Ma, Senior Counsel, Los Angeles Regional
Office, at (323) 965-4539, or by e-mail at sprungm@sec.gov or maj@sec.gov.