ASC extends Interim Cease Trade Order against Steven Fassmann, Anneliese Fassmann, Sagess Exploration Ltd., BMM Resources Ltd. and FAMA Capital Ltd.

CALGARY, Sept. 6, 2012 /CNW/ - The Alberta Securities Commission (ASC) has extended an Interim Cease Trade Order against Steven Rolf Fassmann (a.k.a. Steven Krueger), Anneliese Anna Ella Fassmann, Sagess Exploration Ltd., BMM Resources Ltd. and FAMA (or Fama) Capital Ltd. issued by the ASC on August 22, 2012. An ASC panel extended the Interim Cease Trade Order after considering evidence from ASC staff suggesting that, among other things, the named parties illegally distributed Sagess Exploration and BMM Resources securities.

The extended Interim Cease Trade Order prohibits all trading in Sagess Exploration and BMM Resources securities.  Under the extended Interim Cease Trade Order, the named parties are also prohibited from trading in all securities and are denied the use of all Alberta securities laws exemptions.

The extended Interim Cease Trade Order remains in effect until a hearing into this matter is concluded and a decision is rendered, unless otherwise ordered.

Copies of the extended Interim Cease Trade Order and Notice of Hearing are available on the ASC website at www.albertasecurities.com. You can also find the Interim Cease Trade Order and Notice of Application on the website.

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.

SOURCE: Alberta Securities Commission

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