ASC reaches settlement agreement with Rogers Gold Corp.

CALGARY, Dec. 10, 2013 /CNW/ - The Alberta Securities Commission (ASC) has concluded a settlement agreement with Rogers Gold Corp. relating to allegations of the illegal distribution of Rogers Gold securities.

Under the Settlement Agreement, Rogers Gold admitted to breaching Alberta securities laws by distributing securities without filing a prospectus and without an applicable prospectus exemption.  Rogers Gold agreed to permanently refrain from using any of the prospectus or registration exemptions available under Alberta securities laws.

In September 2013, former Rogers Gold President Brian Kirkham entered into a settlement with the ASC regarding the illegal distributions by Rogers Gold.  In October 2013, an ASC panel ruled that former Rogers Gold principals John Dale Rogers, Robert Harold Keenan and Charles (Chad) Mitchell breached Alberta securities laws, in part for their role in the illegal distribution of Rogers Gold securities.

A copy of the Rogers Gold Settlement Agreement, the Kirkham Settlement Agreement and the Rogers, Keenan, Mitchell decision 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 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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