An Alberta Securities Commission panel has banned B.C.-based Adcapital Industries Inc., its president Adis Golic, and Nevada-based AD Capital U.S. Inc. from trading securities or using any exemptions under Alberta securities laws.

The decision follows a similar temporary order by the British Columbia Securities Commission in June 2008, which was based on indications that the parties contravened B.C. securities laws by illegally trading and distributing securities in B.C.

In seeking the order, the ASC panel provided evidence that an Alberta investor had been solicited to purchase AD Capital U.S. shares as recently as April 2008.

The panel also ordered all trading of Adcapital Industries and AD Capital U.S. securities to cease and banned Golic from acting as a director or officer of any issuer.

The ASC order will stand for as long as the BCSC order remains in effect.