ASC issues varied extended Interim Cease Trade Order against Steven Fassmann, Anneliese Fassmann, Sagess Exploration Ltd., BMM Resources Ltd. and Blue Cove Capital Ltd. (formerly FAMA Capital Ltd.)

CALGARY, Oct. 3, 2012 /CNW/ - The Alberta Securities Commission (ASC) has varied the extended Interim Cease Trade Order issued on September 4, 2012 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.

ASC staff provided evidence to an ASC panel that FAMA Capital Ltd. changed its name to Blue Cove Capital Ltd. on September 14, 2012. The ASC panel varied the extended Interim Cease Trade Order to reflect this name change.

The varied extended Interim Cease Trade Order prohibits all trading in Sagess Exploration and BMM Resources securities.  Under the varied extended Interim Cease Trade Order, the named parties, including the entity now known as Blue Cove Capital Ltd., are prohibited from trading in all securities and are denied the use of all Alberta securities laws exemptions.

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