Orders and Exemptions

Decision Information

Decision Content

THE MANITOBA THE SECURITIES ACT ) Order No. 6762 SECURITIES ) COMMISSION Section 148 ) July 10, 2013 HUTECH21 CO., LTD. doing business as PRAIRIE OIL FIELD SERVICES LTD. WHEREAS: (A) Staff of The Manitoba Securities Commission have received information that HUTECH21 CO., LTD., doing business as PRAIRIE OIL FIELD SERVICES LTD. ("HUTECH21 ") has issued press releases that contain misrepresentations and are misleading; (B) HUTECH21 is an OTC Issuer as defined in Multilateral Instrument 51-105 Issuers Quoted in the US Over-The-Counter Markets ("Ml 51-105"). HUTECH21 has not made any of the filings required under Ml 51-105; (C) The common and preferred shares of HUTECH21 have been assigned a ticker symbol by the Financial Industry Regulatory Authority in the United States of America for use on any of the over-the-counter markets in the United States of America . The ticker symbol is CLGZF; (D) Staff has received information that HUTECH21 has been the subject of promotional activities; (E) The Commission issued Order No. 6756 dated June 27, 2013 pursuant to section 148 of The Securities Act, R.S.M 1988, c. S50 ("Temporary Order") , ordering that securities of HUTECH21 be cease traded ; (F) The Temporary Order was issued without notice to the respondent on the basis that the holding of a hearing would cause a delay which would be prejudicial to the public interest; (G) The Temporary Order, unless extended by further order of the Commission , expires on July 10th, 2013; (H) The Temporary Order was served on HUTECH21 on June 27, 2013; (I) A notice of hearing was issued by staff July 3, 2013 (the "NOH") indicating staff was seeking an order that the securities of HUTECH21 be cease traded permanently; (J) The NOH was served on HUTECH21 on July 3, 2013; (K) HUTECH21 advised , through counsel, that they would not be attending on July 10, 2013 and that they were not opposed to the order sought being issued; 500-o«)O SI . Mary Avem1<'. Winn i pc~, ManitotM R3C -I KS tel: (20-1) '-1-15.2548 fox: (204) <l4S .03JO '"·ww. msc.~ov.mb.c.:a
2 (L) Commission staff are in the process of continuing to gather further evidence related to this matter, which evidence could not be obtained by July 10th, 2013; (M) Upon reviewing the documentary evidence and hearing the submissions of counsel for staff of the Commission, no one appearing for the respondent, and upon reviewing the Affidavits of Service, filed , and being satisfied as to service upon the respondent, the Commission is of the opinion that it is in the public interest to make this order; IT IS ORDERED: 1. THAT, under section 148(1) of The Securities Act, R.S.M 1988, c. S50, trading in securities by or of HUTECH21 cease permanently. BY ORDER OF THE COMMISSION Di~z~
 You are being directed to the most recent version of the statute which may not be the version considered at the time of the judgment.