20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
|Commission des valeurs mobilières de l'Ontario
||FOR IMMEDIATE RELEASE
June 9, 2011
OSC INVESTOR ALERT: NEW HUDSON TELEVISION CORPORATION,
NEW HUDSON TELEVISION LLC AND JAMES DMITRY SALGANOV
TORONTO – The Ontario Securities Commission (OSC) issued a temporary cease trade order on June 8, 2011 against New Hudson Television Corporation, New Hudson Television LLC and James Dmitry Salganov. This cease trade order prohibits them from trading in any securities and prohibits all trading in the securities of New Hudson Television Corporation and New Hudson Television LLC.
The OSC has issued this cease trade order based on allegations that New Hudson Television Corporation, New Hudson Television LLC and James Dmitry Salganov may have breached the Securities Act (Ontario) by distributing New Hudson Television LLC securities to the public without registration, without filing the necessary prospectus or preliminary prospectus, and without reliance on an exemption; and by making prohibited representations to members of the public about the future value of these securities in the course of the distribution.
If you have been approached to invest by representatives of New Hudson Television Corporation, New Hudson Television LLC or James Dmitry Salganov, please call the OSC Contact Centre at 1-877-785-1555 for assistance.
The temporary cease trade order is in effect until June 23, 2011. A hearing to consider whether it should be extended will be held at 9:00 a.m. on June 22, 2011 at the OSC. The temporary cease trade order is available on the OSC website at www.osc.gov.on.ca.
The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in capital markets. Investors are urged to check the registration of any person or company offering an investment opportunity and to review the OSC’s investor materials available at www.osc.gov.on.ca.
|For Media Inquiries:||Wendy Dey
Director, Communications & Public Affairs
Manager, Public Affairs
Media Relations Specialist
|For Investor Inquiries:||OSC Contact Centre
1-877-785-1555 (Toll Free)