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.