Cease Trade Orders
Sanwire Corporation [Cease Trade Order]
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BCSECCOM #:
2013 BCSECCOM 262
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Document Type:
Cease Trade Order
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Published Date:
2013-07-12
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Effective Date:
2013-07-12
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Details:
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2013 BCSECCOM 262
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Cease Trade Order
Sanwire Corporation
Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
¶1 Sanwire Corporation (Sanwire) is an OTC Reporting issuer under Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets (MI 51-105).
¶2 Sanwire has made numerous share distributions (the Distributions).
¶3 Sanwire did not file a preliminary prospectus and a prospectus for any of the Distributions.
¶4 Sanwire did not file a Form 45-106F1 Report of Exempt Distribution that would be required to be filed under section 6.1 of National Instrument 45-106 Prospectus and Registration Exemptions if it relied on any of the exemptions from the prospectus and registration requirements listed in that section for any of the Distributions.
¶5 Under section 164(1) of the Act, the Executive Director orders that trading in the securities of Sanwire cease until:
- 1. it files a preliminary prospectus and a prospectus, in the required form, for the Distributions and the Executive Director issues receipts for the preliminary prospectus and prospectus, or
2. it files a Form 45-106F1 Report of Exempt Distribution, if Sanwire relied on exemptions from the registration and prospectus requirements of the Act for the Distributions that were available to it and require a Report of Exempt Distribution, and
3. the Executive Director revokes this order.
¶6 July 12, 2013
John Porges
Manager
Corporate Finance