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ASC staff allege that Bint, a former senior employee of a major energy company, had knowledge of potentially lucrative Canadian Quantum Energy Corporation business agreements, including one involving his employer, before those agreements were made public. ASC staff also allege that Bint realized a profit of over $150,000 by purchasing Canadian Quantum Energy Corporation shares before the existence of the agreements was made public.
ASC staff are seeking various sanctions against Bint, including trading bans and administrative penalties.
An appearance to determine a date for hearing is set for Thursday, August 13, 2009 at 8:30 a.m. in the ASC Hearing Room, 6th Floor, 300 - 5 Avenue S.W., Calgary, Alberta.
A copy of the Notice of Hearing is available on the ASC website at www.albertasecurities.com.
The ASC is the regulatory agency responsible for administering the province's securities laws. The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital.
SOURCE: Alberta Securities Commission
For Media Inquiries: Mark Dickey, Senior Communications Advisor, (403) 297-4481; For Investor Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488
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