THE SECURITIES ACT | ) |
Order No. 5588 |
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Section 148 | ) |
January 29, 2008 |
American Natural Energy Corporation
WHEREAS:
(A) American Natural Energy Corporation (the "Issuer") is subject to the requirements of Part XII of The Securities Act (Manitoba) (the "Act") and National Instrument 51-102 Continuous Disclosure Obligations (“NI 51-102”);
(B) The Issuer has a financial year end of December 31;
(C) The Issuer has failed to file with The Manitoba Securities Commission (the "Commission") a copy of its Interim Financial Statements and Interim MD&A for the Period ended March 31, 2007 as required by Part XII of the Act and NI 51-102;
(D) On the basis of the foregoing, I am of the opinion that it is in the public interest that trading in the securities of the Issuer should cease forthwith for a period of fifteen days and I am further of the opinion that the holding of a hearing would cause a delay which would be prejudicial to the public interest.
I HEREBY ORDER under a delegation to me by the Commission under subsection 4(1) of the Act of the powers in that behalf:
1. THAT, under section 148(1) of the Act, trading in the securities of the Issuer shall cease forthwith for a period of fifteen days from January 29, 2008 to February 12, 2008, both dates inclusive, or until such earlier date as:
(a) the Issuer files its Interim Financial Statements and Interim MD&A for the Period ended March 31, 2007 and pays all outstanding filing fees, if any, to the Commission; and
(b) the Issuer submits a written application to the Commission in accordance with National Policy 12-202 Revocation of a Compliance-related Cease Trade Order to have this order revoked.
"R. B. Bouchard" DIRECTOR |