Temporary order against B.C. reporting issuer revoked

VANCOUVER, Aug. 8, 2012 /CNW/ - A British Columbia Securities Commission panel has revoked a temporary order issued against three men and a B.C.-based company issued on July 20, 2012.

The temporary order had barred all trading or transferring of the shares of Forum National Investments Ltd, a B.C. reporting issuer whose shares trade on the Over-the-Counter Bulletin Board market in the United States.

The temporary order had also prohibited the company and three B.C. residents - Daniel Clozza, Martin Tutschek, and Grant Curtis - from engaging in investor relations activities.

The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. You may view the decision on our website www.bcsc.bc.ca by typing Daniel Clozza, Martin Tutschek, Grant Curtis, Forum National Investments Ltd. or 2012 BCSECCOM 315 in the search box.

Information regarding disciplinary proceedings can be found in the Enforcement section of the BCSC website.

Please visit the Canadian Securities Administrators' Disciplined Persons List for information relating to persons disciplined by provincial securities regulators, the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association (MFDA).

For media inquiries, contact Richard Gilhooley, media relations, 604-899-6713. For public inquiries, call 604 899 6854 or 1 800 373 6393 (toll free).

Learn how to protect yourself and become a more informed investor at www.investright.org

SOURCE: British Columbia Securities Commission