Settlements

Gregory William Rivers, et al. [Order]

BCSECCOM #: 2008 BCSECCOM 109	Document Type: Order
Published Date: 2008-02-22	Effective Date: 2008-02-21
Details:

2008 BCSECCOM 109

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Note: The reference to Schedule A below refers to the settlement agreement detailed in 2008 BCSECCOM 99. 2008 BCSECCOM 109 and 2008 BCSECCOM 99 were published separately and should be viewed together.

Background
¶ 1 The Executive Director has entered into a Settlement Agreement with Gregory William Rivers, Advanced Rescue Technologies Inc. and NOF Electrical Generation Inc., a copy of which is attached as Schedule A.

The Order
¶ 2 The Executive Director, considering it to be in the public interest to do so, orders, by consent, that:

1. under section 161(1)(a) of the Act, Rivers, ARTI and NOF comply fully with the Act, the Securities Rules, and any applicable regulations;

2. under section 161(1)(b) of the Act:

(a) Rivers cease trading in and not purchase any securities for 12 years from the date of the Order, except that Rivers may trade and purchase securities in one account in his name held with a registered dealer provided Rivers gives a copy of the Order to the registered dealer; and
(b) ARTI and NOF permanently cease trading in and be permanently prohibited from purchasing any securities;

3. under section 161(1)(d)(i) and (ii) of the Act, Rivers resign any position he may hold, and is prohibited from becoming or acting, as a director or officer of any issuer for the later of:

(a) 12 years from the date of the Order;
(b) the date Rivers successfully completes a course of study satisfactory to the Executive Director concerning the duties and responsibilities of directors and officers; and

4. under section 161(1)(d)(v) of the Act:

(a) Rivers is prohibited from engaging in any investor relations activities for 12 years from the date of the Order; and
(b) NOF and ARTI are permanently prohibited from engaging in investor relations activities on behalf of any issuer.

Brenda Leong