|
THE SECURITIES ACT |
) |
Order No. 7055 |
|
|
) |
|
|
Sections 148, 19(5), and 148.3 |
) |
January 23, 2015 |
TRANSCAP CORPORATION, STRATA-TRADE CORPORATION
AND DALE JOSEPH EDGAR ST. JEAN
WHEREAS:
(A) On July 29, 2013, the Alberta Securities Commission (“ASC”) issued a Decision against TransCap Corporation, Strata-Trade Corporation and Dale Joseph Edgar St. Jean (“ASC Decision”);
(B) On October 9, 2014, The Manitoba Securities Commission (“Commission”) issued a Notice of Hearing giving notice of its intention to hold a hearing to consider pursuant to section 148.4 of The Securities Act, R.S.M. 1988 c. S50 as amended (“Act”) whether or not it was in the public interest to grant orders pursuant to sections 148, 19(5) and 148.3 of the Act with respect to TransCap Corporation (“TCC”), Strata-Trade Corporation (“STC”) and/or Dale Joseph Edgar St. Jean (“ST. JEAN”);
(C) On January 14, 2015, this hearing matter came before a panel of the Commission and was adjourned to March 11, 2015 at 9:00 a.m.;
(D) Subsequent to January 14, 2015, this matter again came before the panel as a paper hearing;
(E) Upon reviewing the documentary evidence submitted and upon being informed of representation of the respondents by legal counsel and noting no position being taken by the respondents on the relief requested by the Notice of Hearing, the Commission is of the opinion that it is in the public interest to make this order.
IT IS ORDERED:
1. THAT, pursuant to sections 148 and 19(5) of the Act, trading in securities of and by TCC and STC cease and subsection 19(1) of the Act, with respect to such of the trades referred to in that subsection, and subsection 19(2) of the Act, with respect to such of the securities referred to in that subsection, do not apply to TCC and STC, permanently.
2. THAT, pursuant to sections 148 and 19(5) of the Act, ST. JEAN cease trading in securities and subsection 19(1) of the Act, with respect to such of the trades referred to in that subsection, and subsection 19(2) of the Act, with respect to such of the securities referred to in that subsection, do not apply to ST. JEAN, permanently.
3. THAT, pursuant to section 148.3 of the Act, ST. JEAN resign from any position he currently holds as a director or officer of any issuer and be prohibited from becoming or acting as a director or officer or both of any issuer, permanently.
BY ORDER OF THE COMMISSION
Acting Director