ASC orders temporary trading halt against Robix Environmental Technologies, Inc.
CALGARY –– The Alberta Securities Commission (ASC) has issued a 15-day halt trade order that stops all trading in securities and derivatives of Robix Environmental Technologies, Inc., which is quoted for trading in Canada on the Canadian Securities Exchange under the symbol RZX.
The halt trade order was issued because the ASC’s Executive Director “has become aware that information, other than information filed under Alberta securities laws, that when disclosed to the public may cause or is likely to cause unusual fluctuations in the volume of trading in, or the market price of, a security or derivative.” Additionally, the Executive Director “considers that circumstances exist, or are about to occur, that could result in other than an orderly trading of a security or derivative and that it is in the public interest to halt trading of the securities and derivatives of Robix.”
The order is in effect until end of day February 22, 2018, or until revoked by the Executive Director, whichever comes first.
The ASC is the regulatory agency responsible for administering the province’s securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada’s capital markets.