ASC alleges Ferlyn Robert John Chmelyk and others breached Alberta securities laws

CALGARY, Dec. 17, 2015 /CNW/ - Alberta Securities Commission (ASC) staff have issued a Notice of Hearing (NOH) alleging that Ferlyn Robert John Chmelyk and Blackbridge Financial Inc. illegally raised approximately $500,000 while making materially misleading or untrue statements to investors.

ASC staff also allege that Chmelyk and Clifford George Alexander, along with Cerezo Developments Inc. and four numbered companies, illegally raised approximately $2,240,000. ASC staff allege that, among other things, Chmelyk, Alexander, BFI and Cerezo Developments breached Alberta securities laws by each acting as a dealer without being registered and without an exemption from that requirement.

These allegations have not been proven.

An appearance to set a date for a hearing will be held on January 18, 2016 at 10 a.m. in the ASC Hearing Room, 5^th Floor, 250 – 5^th Street SW, 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. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors.  As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

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