The Alberta Securities Commission has issued an interim order against Midas Vantage Projects (MVP) Lithium Limited, Carolyn Jean Orazietti (also known as Carolyn Jean Beeler), and Vinay Ramachand Iyer (also known as Max Iyer), imposing a 12-month cease-trade in MVP securities in Alberta and restrictions on investor relations and public communications. The order follows a panel finding of sufficient evidence that the respondents engaged in fraud, made prohibited representations about MVP securities, and misled ASC staff. For 12 months from the order date, the respondents must cease trading in securities issued by MVP with no Alberta securities law exemptions available to them, and must not engage in investor relations activities. They must also disable access to any website related to MVP, including mvplithium.com, and must not disseminate, or authorize dissemination of, any information or other material relating to MVP, while ASC staff completes its investigation into potential breaches of the Securities Act (Alberta). Written reasons for the order will be issued at a later date.
Alberta Securities Commission 2025-12-22
Alberta Securities Commission issues 12-month interim order halting MVP Lithium trading and requiring websites to be disabled
The Alberta Securities Commission has issued a 12-month interim cease-trade order against Midas Vantage Projects (MVP) Lithium Limited and associated individuals, citing evidence of fraud and misleading conduct. The order restricts trading in MVP securities, investor relations activities, and public communications, while ASC continues its investigation into potential Securities Act breaches. Written reasons for the order will be provided later.