ASC staff allege illegal sales of Delta 3 Capital Corporation Inc. securities

CALGARY , Dec. 8 /CNW/ - The Alberta Securities Commission (ASC) has issued a Notice of Hearing alleging that Calgary-based Delta 3 Capital Corporation Inc. and its directors Darrell W. Dunn, Mike Gottselig and Luke Brzeski engaged in illegal sales of Delta 3 Capital Corporation Inc. securities to Alberta residents.

ASC staff allege that between November 2007 and February 2008 , Delta 3 Capital Corporation Inc. entered into investment agreements with Alberta investors and raised $1 million to facilitate the investors' participation in a "Secured T-Bill Trading Program". ASC staff allege that Delta 3 Capital Corporation Inc., Dunn, Gottselig and Brzeski made misrepresentations and prohibited representations to Alberta investors when they told the investors that they could expect to receive a total return on investment of 165 per cent if they invested in the "Secured T-Bill Trading Program" for a period of 13 months.

An appearance to set a date for hearing in Calgary will held on February 10, 2010 at 2 p.m. in the ASC Hearing Room, 6th Floor, 300 - 5th Street 5th Avenue SW, Calgary , Alberta.

A copy of the Notice of Hearing 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: Tamera Van Brunt, Director, Communications & Investor Education, [phone]; For Investor Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488