Friday, December 07, 2018 5:31:28 PM
BCSC Temporary Order
The Executive Director, considering the length of time to hold a hearing under section 161(1) of the Act could be prejudicial to the public interest under subsection (2), orders the following (the Temporary Orders):
(a) Under section 161(1)(b)(ii), that members of the BridgeMark Group cease trading in, and are prohibited from purchasing, securities of the Issuers,
(b) Under section 161(1)(c), that the exemption under section 2.24 of National Instrument 45-106 does not apply to the Issuers for a distribution to a consultant, and
(c) Under section 161(1)(c), that the exemption under section 2.24 of National Instrument 45-106 for consultants does not apply to any issuer listed on the CSE for a distribution to a member of the BridgeMark Group.
Basically Bridgemark must cease trading in the eleven issuer companies...and can not use the consultant exemption.
GLTA
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