Fareport Capital Inc.: OSC Issues Temporary Management and Insider Cease Trade Order.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- Fareport Capital Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CAB) - In a news release issued on September 12, 2005, Fareport Capital Inc. ("Fareport"), among other things, indicated that there was a possibility that Fareport could become subject to a cease trade order pursuant to Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. Policy 57-Fareport now announces that the Ontario Securities Commission on September 13, 2005, issued a temporary management and insider cease trade order prohibiting and certain past directors, officers and insiders of Fareport from trading securities of Fareport, including the following defendants in an ongoing lawsuit lawsuit: see procedure; tort. commenced by Fareport: Robert Donaldson, Nikolai Choumakevitch, Paul Pathak, Paul Vorvis and Stephen Katmarian. The temporary cease trade order prohibits the individuals named therein from trading the securities of Fareport for a period of 15 days from the date of the Temporary Order pending a hearing to be held under section 127(1) of the Ontario Securities Commission Act on September 26, 2005. Fareport further announces that it has requested and will consent to the imposition The printing of pages on a single sheet of paper in a particular order so that they come out in the correct sequence when cut and folded. of any extensions to the cease trade order required pursuant to Policy 57-601. Fareport will provide future updates as further material developments arise. Fareport Capital Inc. (TSX VENTURE:CAB) |
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