ASC bans Ontario-based GDC Investments Inc.

CALGARY, Nov. 12 /CNW/ - The Alberta Securities Commission (ASC) has reciprocated a British Columbia Securities Commission (BCSC) order and banned trading in GDC Investments Inc. securities until such time, if ever, the BCSC order is revoked.

The ASC order is based on the BCSC order dated August 31, 2010 that prohibits trading in GDC Investments securities until it files an amended and updated offering memorandum and the Executive Director of the BCSC revokes the order. The ASC panel received evidence from ASC staff that GDC Investments has distributed securities to 36 Alberta investors, raising $723,000. The ASC panel concluded that "reciprocating the BCSC Order will, in the public interest, protect Alberta investors and the Alberta capital market from the risk of harm posed by GDC."

A copy of the decision 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 to foster a fair and efficient capital market in Alberta and to protect investors.  As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

For further information:

For Media Inquiries:			Mark Dickey Senior Communications Advisor 403.297.4481
For Investor Inquiries:			ASC Public Inquiries Toll Free 1.877.355.4488