News Release

Vancouver - The Executive Director of the British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that a B.C. man and a B.C. based company he controlled issued promissory notes without registration and guaranteed repayment of the promissory notes, in breach of the Securities Act. 

The notice alleges that between February 8, 2012 and January 11, 2013, James Marc Gravelle (a.k.a. Marc Joseph James Gravelle and Marc James Gravelle) and WY ATAP Investments Inc. issued eight promissory notes to one couple and three individuals. The notes were for terms ranging from one month to one year at rates ranging from five per cent to 30 per cent annual interest. Neither Gravelle nor WY ATAP Investments Inc. has ever been registered to trade securities under the Securities Act.

The notice also alleges that each promissory note contained a guarantee that Gravelle and WY ATAP Investments Inc. would repay it. The notice alleges that these guarantees were representations that Gravelle and WY ATAP Investments Inc. would refund the purchase price of the securities, which is prohibited by the Act.

These allegations have not been proven. Counsel for the Executive Director will apply to set dates for a hearing into the allegations before a panel of commissioners on February 14, 2018 at 9:00 a.m.

You may view the notice of hearing on our website, www.bcsc.bc.ca, by typing James Marc Gravelle, Marc Joseph James Gravelle, Marc James Gravelle, WY ATAP Investments Inc. or 2018 BCSECCOM 1 in the search box. Information about disciplinary proceedings can be found in the Enforcement section of the BCSC website.

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

- 30 -

Public inquiries:
604-899-6854 or 1-800-373-6393 (toll free)
inquiries@bcsc.bc.ca

Learn how to protect yourself and become a more informed investor at www.investright.org