News Release

Vancouver – In a settlement agreement with the British Columbia Securities Commission (BCSC), Hugh James Graham has admitted that he breached a cease trade order (CTO).

The agreement states that on February 13, 2009, the Executive Director of the BCSC cease-traded the securities of Artventive Medical Group Inc. (then Uranium Plus Resource Corporation) for failure to make required filings. Artventive is a Nevada-incorporated issuer with its principal executive offices in California. Graham, a B.C. resident, acts as the Chief Executive Officer, Chief Financial Officer, and the Chairman of Artventive.

While subject to the CTO, Artventive distributed shares to 13 foreign individuals between February 2010 and May 2014. Graham admits that he took certain actions in furtherance of Artventive’s distributions from B.C., including signing certain subscription agreements in relation to the distributions, and signing directors’ resolutions to authorize the distributions. Graham acknowledges that these acts breached the CTO.

For his misconduct, Graham has agreed to pay $10,000 to the BCSC. He has also agreed to successfully complete a course on the duties and responsibilities of corporate officers and directors that is acceptable to the Executive Director within one year of the date of the settlement agreement.

The agreement notes that Graham received legal advice from Artventive’s U.S. legal counsel that the CTO did not prevent Artventive from distributing shares to persons outside B.C. in private transactions, and that Graham cooperated with the Executive Director in reaching the settlement agreement.

You may view the settlement agreement on our website www.bcsc.bc.ca by typing Hugh James Graham or 2014 BCSECCOM 466 in the search box. Information regarding disciplinary proceedings can be found in the Enforcement section of the BCSC website.

Please visit the Canadian Securities Administrators’ Disciplined Persons List for information relating to persons disciplined by provincial securities regulators, the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association (MFDA).

About the British Columbia Securities Commission (www.bcsc.bc.ca)

The British Columbia Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act. Our mission is to protect and promote the public interest by fostering:

• A securities market that is fair and warrants public confidence

• A dynamic and competitive securities industry that provides investment opportunities and access to capital

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Media Contact:
Richard Gilhooley, Media Relations
604-899-6713

Public inquiries:
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