Mr. Mark Dickey reports

ASC ALLEGES ILLEGAL DISTRIBUTIONS, PROHIBITED REPRESENTATIONS AND UNFAIR PRACTICES IN SALES OF SECURITIES BY PLATINUM EQUITIES INC.

Alberta Securities Commission staff have issued a notice of hearing alleging that Platinum Equities Inc. and its principals, Shariff Chandran and Chitra Chandran, took part in illegal distributions of the securities of a number of Platinum Equities-affiliated real-estate-investment vehicles.

It is also alleged that Platinum Equities and its principals authorized, permitted or acquiesced in the making of prohibited representations contained in an offering memorandum and various other promotional materials published in connection with two different offerings promoted by Platinum Equities, and generally failed to implement and maintain appropriate oversight of Platinum Equities sales consultants.

An appearance to set a date for the hearing regarding these allegations is scheduled for 1:30 p.m. on Oct. 10, 2012, in the ASC hearing room, 5th floor, 250 -- 5th St. Southwest, Calgary, Alta.

A copy of the notice of hearing can be found on the ASC website.