Trading of Luxell Technologies Inc. (TSX:LUX) was halted by the BC Securities Commission on December 24th 2007 pursuant to BCSC having issued a Cease Trade Order after market close on December 21st 2007. When Luxell inquired about the reasons for the CTO, it was determined that trading should not have been halted.
On December 24th 2007, BCSC issued a Bulletin titled "Revocation Order" that contained the following information:
- On December 21, 2007, the Executive Director ordered under section 164(1) of the Act, that all trading in the securities of Luxell cease until it files the required record and the Executive Director revokes the cease trade order.
- Luxell is currently under management cease trade in Ontario and should not have been cease traded in British Columbia.
- Under section 164 of the Act, the Executive Director orders that the cease trade order in British Columbia is revoked, however, Luxell remains under management cease trade in Ontario. -- www.cnxmarketlink.com
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