Cease trade order against Millenia Hope Inc. and Millenia Hope BioPharma lifted
Decisions and Freeze and cease trade orders Securities
Montréal – On November 30, 2007, further to an agreement entered into between the Autorité des marchés financiers (the “AMF”) and the companies Millenia Hope Inc. and Millenia Hope BioPharma, the Bureau de décision et de révision en valeurs mobilières (the “BDRVM”) lifted the cease trade order issued on November 1, 2007 against these two companies.
The AMF agreed to the lifting by the BDRVM of the cease trade order against both companies on the condition they formally agree not to make a distribution to the public unless they have obtained a receipt for a prospectus from the AMF. The AMF took this action because of the following:
- the evidence gathered during the investigation showed that the corporate respondents were not bound by the representations of Pierre Couture and Claude-Yvon Provost;
- the corporate respondents will soon be filing a request with the AMF to approve a prospectus.
This lifting of the cease trade order issued by the BDRVM does not apply to MD Multimédi inc., Pierre Couture and Claude-Yvon Provost. In its November 1, 2007 decision, the BDRVM, at the request of the AMF, also prohibited MD Multimédia inc. from trading in securities, and prohibited Pierre Couture and Claude Yvon Provost from trading in securities on behalf and in the name of the above-mentioned companies and from pursuing activities as securities advisers.
The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec’s financial sector.
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