The Alberta Securities Commission has extended an interim cease trade order against Calgary-based Aspen Springs Capital Group Inc., Sundre Development Ltd. (also known as Aspen Springs Lake Resort) and William Joseph Sander until Jan. 25, 2012.

The extended order prohibits all trading in or purchasing of Aspen Springs Capital Group and Sundre Development securities. It also prohibits Aspen Springs Capital Group, Sundre Development and Sander from trading in all securities and using Alberta securities laws exemptions.

An ASC panel extended order after receiving evidence that commission staff continue to investigate alleged breaches of Alberta securities laws by Aspen Springs Capital Group, Sundre Development and Sander.

The ASC panel had issued an interim cease trade order against these parties on July 21, 2010 and extended it on August 4, 2010 after receiving evidence from ASC staff suggesting that Aspen Springs Capital Group, Sundre Development and Sander had made prohibited representations and had engaged in illegal trading and distribution of Sundre Development securities

Investors are cautioned against sending money for securities or investment purposes to either Aspen Springs Capital or Sundre Development while the order is in effect.