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Temporary cease trade order issued against wind power company  

Credit:  Cape Breton Post | September 6, 2013 | www.capebretonpost.com ~~

SYDNEY – The Nova Scotia Securities Commission has issued a temporary cease trade order against Cape Breton West Wind Field Inc.

The director of corporate finance has ordered people and companies to stop trading securities. The companies have until Sept. 21 to file all the documents to avoid a permanent cease trade order.

A similar order against Cape Breton West Wind Field Inc. was filed in June and revoked about a week later. The corporation has, for all intents and purposes, ceased operations.

The Nova Scotia Department of Economic and Rural Development and Tourism on its website described Cape Breton West Wind Field Inc. as a community economic development investment fund created to invest in renewable and distributed energy-generating facilities.

Its first public offering closed in October 2002, having raised $98,873 from 28 investors.

The Nova Scotia Securities Commission is the provincial government agency responsible for regulating trading in securities in the province.

An offering document filed with the securities commission shows Cape Breton West Wind Field was created in 2002 with agents in Cape Breton, Digby County, Halifax, Dartmouth and Windsor.

Source:  Cape Breton Post | September 6, 2013 | www.capebretonpost.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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