Commission tries to block firm’s trading

The Alberta Securities Commission is seeking to block the trade of securities in company that’s been active in Central Alberta.

The Alberta Securities Commission is seeking to block the trade of securities in company that’s been active in Central Alberta.

Digagogo Ventures Corp. is a Delaware corporation that’s an over-the-counter (OTC) or off-exchange issuer of securities.

Last August, the British Columbia Securities Commission ordered that trade in the company’s shares cease because it failed to disclose information in its filings — specifically, Rene Branconnier’s role as an officer, director and promoter in the company, and the fact he purchased a controlling block of shares in 2010.

The Alberta Securities Commission now wants to do the same in this province.

It said in a release that Digagogo has distributed shares to Alberta residents, and that it wants to protect investors and the capital market.

An application for a cease trade order related to Digagogo shares is expected to be heard by an ASC panel in November.

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