The Alberta Securities Commission (ASC) has issued an interim cease trade order against Vancouver-based Halo Property Services Inc., Red Deer-based Canadian Alternative Resources Inc. and Red Deer resident Chad Delbert Burback, based on allegations that they engaged in illegal trading and distribution of Halo Property Services and Canadian Alternative Resources securities in Alberta.

The interim cease trade order is in effect until June 11 and prohibits all trading in Halo Property Services and Canadian Alternative Resources securities.

The order also prohibits Halo Property Services, Canadian Alternative Resources and Burback from trading in all securities and relying on any Alberta securities laws exemptions.

An ASC panel issued the interim cease trade order after hearing evidence from ASC staff that Halo Property Services, Canadian Alternative Resources and Burback distributed securities in Alberta without registration, a prospectus or use of an applicable exemption.