On Bloomburg News 11/2 Voil SEC Decision: Virtus Oil And Gas Corp. Key Developments
SEC Revokes Registration Of Registered Securities Of Virtus Oil and Gas
Nov 2 17
An Administrative Law Judge has issued an Initial Decision of Default as to Virtus Oil and Gas Corp. The Initial Decision found that the company was issuer of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act), and the company failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and/or 13a-13 by not filing required periodic reports with the Securities and Exchange Commission (SEC). The Initial Decision finds these allegations to be true and revokes the registration of each class of the company’s registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.