ASC issues Variation Order relating to Prize Mining Corp.

CALGARY, Jan. 15, 2019 /CNW/ - The Alberta Securities Commission (ASC) has varied a January 3, 2019 Order in relation to preliminary allegations by ASC staff that Prize Mining Corp. (Prize) breached Alberta securities laws, and acted contrary to the public interest, by making misrepresentations and failing to comply with its continuous disclosure obligations. By virtue of the Variation Order:

• The hearing is adjourned until 10:00 am on Friday, February 1, 2019;
• Pending the determination of the hearing,
• all trading in securities of Prize must cease; and
• Prize must cease trading in all securities, and all exemptions contained in Alberta securities laws do not apply to Prize.

The preliminary allegations outlined in the Notice of Application have not been proven and the ASC's investigation is ongoing.

A copy of the Order and a copy of the Variation Order can be found on the ASC website at albertasecurities.com.

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting 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