Tag: regulator

MONTREAL, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces that further to its news release date July 30, 2025, the Company voluntarily applied for and the Company’s principal regulator, the British Columbia Securities Commission (the “BCSC”) granted a management cease trade order (the “MCTO”) dated July 30, 2025, under National Policy 12-203 Management Cease Trade Orders (“NP 12-203”) and provided the Company with an extension to file its annual financial statements for the period ended March 31, 2025, including the related management’s discussion and analysis, and related certifications on or before July 29, 2025 (collectively the “Annual Financial Filings”). The deadline has now been extended to on or before September 29, 2025.

Calgary, Alberta, Aug. 14, 2025 (GLOBE NEWSWIRE) -- The Alberta Energy Regulator (AER) has issued an administrative penalty totaling $448 980.49 to Terroco Industries Ltd. (Terroco) for contravening the Oil and Gas Conservation Rules. A copy of the decision is on the AER’s Compliance Dashboard.   
  
Following an investigation by the AER, it was determined that over a 40-day non-contiguous period, between June 27 and August 22, 2023, Terroco contravened section 8.150(3)(c) of the Oil and Gas Conservation Rules. The investigation also determined four contraventions of section 8.030(2) of the Oil and Gas Conservation Rules.    
  
The contraventions include accepting waste not approved to receive; using a single-walled aboveground storage tank without secondary containment, leak detection, or a spill control device in use; and not having a foundation designed for an aboveground storage tank for which the AER assessed an administrative penalty of $150 000.   
  
Terroco also generated revenue performing a prohibited act, which is considered an economic benefit while contravening 8.150(3)(c) of the Oil and Gas Conservation Rules, for which the AER assessed an administrative penalty of $298 980.49.   
  
An administrative penalty is one of many compliance and enforcement tools the AER can use when companies do not comply with the regulatory requirements.    
  
For more information on the AER’s investigation enforcement processes, please see the Investigations webpage on aer.ca.  
  
About the Alberta Energy Regulator   
The AER provides for the safe, efficient, orderly, and environmentally responsible development of energy and mineral resources in Alberta through our regulatory activities. For more information visit aer.ca.   
   
Contact    
Email: media@aer.ca | Media line: 1-855-474-6356   
   
Connect with AER   
X | LinkedIn | Facebook    
  

Not for dissemination in the United States of America