ASC extends Interim Order against Craig Douglas McMorran and Sweetwater entities

CALGARY, July 8, 2016 /CNW/ - The Alberta Securities Commission (ASC) has extended an Interim Order against Craig Douglas McMorran, Sweetwater Lake Village Limited Partnership, Sweetwater Lake Village (Parcel 2) Limited Partnership, Parcel 4 Sweetwater Development Group Ltd. and Parcel 2 Sweetwater Development Group Ltd. 

The Interim Order prohibits all trading in securities of the named entities.  McMorran and the named entities are also prohibited from trading in all securities and using any Alberta securities laws exemptions.

The Interim Order is in effect until any proceeding arising from an investigation into this matter is concluded.

Anyone who has been contacted by or on behalf of any of the named parties is asked to contact the ASC Public Inquiries Office at 403-355-4151 or 1-877-355-4488.  Investors are cautioned against sending money to any of the named parties while the Interim Order is in place.

A copy of the extended Interim Order can be found 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