The Alberta Securities Commission has issued an interim cease trade order against the Rundle Development Cooperative, a Calgary cooperative alleged to be developing a residential real estate project in the community of Victoria Park, for allegedly trading in securities without filing a prospectus or being registered.

Included in the interim order were Integra Investment Service Ltd. and two of its principals, Roy Jennix and Maxine Cooke (with some minor trading exceptions). Integra is a Calgary firm, which is alleged to have participated in the formation of the Rundle Development Cooperative and marketed investments in the real estate project.

The ASC also accepted the undertakings of Carling Development Inc. and its principal, Wei-Lung (Danny) Cheng, not to trade in any of its securities or those of any other issuer, except in strict compliance with Alberta securities laws. The undertaking is in effect until a hearing has been held.

Carling Development Inc. is another Calgary firm that is alleged to have commenced development of three separate residential real estate projects. It was alleged that Integra Investment Service Ltd., Roy Jennix and Maxine Cooke were involved in marketing these investments as well.

A hearing has been set for March 11 to determine whether the interim order should be extended further. A copy of the Notice of Hearing, outlining all the specific allegations, is available on the ASC website at www.albertasecurities.com.

The ASC is the industry-funded regulatory agency responsible for administering the Alberta Securities Act. Its mission is to foster a fair and efficient capital market in Alberta and, together with the other members of the CSA, develop and operate the Canadian securities regulatory system.