Canada's Sasamat announces cease trade order lifted
Saturday, December 14 2002 - 03:03 AM WIB
Canadian company Sasamat Capital Corporation announced on Friday that the Commission des Valeurs Mobilieres du Quebec has revoked with immediate effect its previous cease trade order issued against the Company's securities. Persons throughout Canada may now buy or sell shares of the Company.
The cease trade order was issued in 1997 following the collapse of Bre-X Minerals Ltd. ('Bre-X') after it was discovered that Bre-X's properties in Indonesia did not contain significant amounts of gold. Sasamat, formerly named
Bresea Resources Corporation, at that time was a hareholder of Bre-X and had certain common management.
In 2001, a new slate of directors was elected at a meeting of shareholders of the Company and on September 16, 2002 the Court of Queen's Bench of Alberta terminated the Company's receivership. (alex)