The Alberta Securities Commission withdraws charges in fracking case

The Alberta Securities Commission withdraws charges in fracking case by Calgary Herald, June 8, 2012
The Alberta Securities Commission has withdrawn allegations made last August against an Alberta man and two companies he created to own and distribute an oil and gas well fracturing compound. In a two-sentence posting on its website, the ASC states it will discontinue proceedings against 1367158 Alberta Ltd., 1366983 Alberta Ltd. and Dane Michael Skinner and cancel a panel hearing set to begin July 9. It didn’t say why the charges were withdrawn. The ASC had claimed Skinner told investors the operation was about to be sold for millions of dollars and raised at least $2.74 million between December 2007 and September 2009 from dozens of investors, mostly Albertans.

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