https://www.albertasecurities.com/Enforcement/Enforcement%20Orders/Halo%20Property%20Services%20Inc%20NOH%2020100604%203544535-v1.pdf
ALBERTA SECURITIES COMMISSION
NOTICE OF HEARING
Citation: Halo Property Services Inc., Re, 2010 ABASC 251 Date: 20100604
Docket: ENF-007187
Securities Act, R.S.A. 2000, c. S-4 (Act)
To: Halo Property Services Inc., Canadian Alternative Resources Inc. and Chad
Delbert Burback (the Respondents)
Notice: The Alberta Securities Commission (Commission) will convene on Friday, the
11th day of June, 2010 at 9:00 am for a hearing to consider whether it is in the
public interest to extend the interim cease trade order granted in this matter on
May 28, 2010.
Location: Alberta Securities Commission, 6th Floor, 300 – 5th Avenue SW, Calgary,
Alberta.
Procedure: 1. You may obtain disclosure and particulars of the allegations in this
Notice from Carla A. Murray, c/o Alberta Securities Commission, 4th Floor, 300
- 5 Avenue SW, Calgary, Alberta, T2P 3C4, facsimile 403.297.2210
(carla.murray@asc.ca).
2. You may be represented by legal counsel and you or your counsel may
make representations and introduce relevant evidence at the hearing.
3. If you or your counsel fail to attend on Friday, the 11th day of June, 2010
at 9:00 am, or as directed, the hearing may proceed in your absence and an order
may be made against you without further notice.
See also section 29 of the Act and Commission Rule 15-501 – Rules of Practice
and Procedure for Commission Proceedings.
Allegations
Summary of Breaches
1 Staff of the Commission (Staff) alleges that Halo Property Services Inc. (Halo),
Canadian Alternative Resources Inc. (CAR) and Chad Delbert Burback (Burback) (collectively
the Respondents) have engaged in the business of dealing in securities in Alberta, without being
registered to do so. Staff further allege that the Respondents have engaged in illegal trading and
distribution in Alberta of the securities of the Respondents Halo and CAR.
Parties
2 Halo is a corporation incorporated pursuant to the laws of British Columbia. On May 13,
2010 the Director of Corporate Finance of the British Columbia Securities Commission issued a
cease trade order against Halo.
3 CAR is a corporation incorporated pursuant to the laws of the Yukon Territory.
4 Burback is an individual who, so far as is known to the ASC, resides in Red Deer,
Alberta. Burback has indicated that he is both a director of CAR, and a director and officer
(Treasurer) of Halo.
Circumstances
5 Between November 13, 2009 and March 15, 2010, the Respondents Halo and CAR
entered into at least 40 loan/option agreements (Investments) with investors (Investors). Thirty
three of the Investors have Alberta addresses.
6 The Investments are securities, and the sales by the Respondents are trades, as those
terms are defined in the Act. Further, as trades in securities of an issuer that had not been
previously issued, the Agreements are distributions as defined in the Act.
7 The Respondent Burback sold the Investments to Alberta Investors.
8 The Respondents have never been registered under the Act.
9 Halo and CAR have never been a reporting issuer in Alberta and have never filed a
prospectus or preliminary prospectus in accordance with the Act.
10 Neither Halo nor CAR have ever filed a report of exempt distribution with the
Commission.
11 The Respondents were dealing in and trading securities in Alberta without being
registered, and without filing a prospectus or without there being an applicable exemption to the
registration and prospectus requirements.
Breaches
12 As a result of the above, Staff alleges that the Respondents:
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12.1 breached s. 75(1) of the Act by acting as a dealer of securities in Alberta without
being registered to do so in accordance with Alberta securities laws and without having
an appropriate exemption from the requirements; and
12.2 breached s. 110 of the Act by trading in securities on the Respondents’ own
account, and where such trade is a distribution as defined under the Act, without either a
preliminary prospectus or prospectus having been filed and the Executive Director having
issued a receipt for same and without having an appropriate exemption from the
requirements.
13 Staff further alleges that the misconduct of the Respondents described above constitutes
conduct that is contrary to the public interest.
Calgary, Alberta, June 4, 2010.
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ALBERTA SECURITIES COMMISSION
“Original Signed By”
David Linder
Executive Director