Fine Levied Against Digby Company

The Nova Scotia Securities Commission has settled a case with Scallop Shell Pollution Solution Limited who admitted to violating Nova Scotia securities laws and acting contrary to the public interest.

Between Feb. 23, 2005 and Sept. 10, 2008, Scallop Shell Pollution Solution Limited sold shares to residents of Nova Scotia and Alberta. Sixteen of the twenty-nine Nova Scotia investors did not qualify to purchase the shares under an exemption within Nova Scotia securities laws.

Scallop Shell Pollution Solution Limited also failed to file a Report of Exempt Distribution with the Commission within the required 10 days of each transaction.

Under the order and settlement agreement, Scallop Shell Pollution Solution Limited will pay an administrative penalty of $5,000 to the Commission. They will also pay $750 in costs connected with the investigation and conduct of the proceedings.

The Nova Scotia Securities Commission is the provincial government agency responsible for regulating trading in securities in the province. To view the order and settlement agreement visit the website at www.gov.ns.ca/nssc/compliancenforce/enforproceedings.asp.

For Broadcast Use:

The Nova Scotia Securities Commission has settled a case

with Scallop Shell Pollution Solution Limited who admitted to

violating securities laws and acting contrary to the public

interest.

Between February, 2005 and September, 2008, the Digby-based

company sold shares to residents of Nova Scotia and Alberta.

Sixteen of the twenty-nine Nova Scotia investors did not qualify

to purchase the shares under an exemption within Nova Scotia

securities laws.

The company also failed to file a Report of Exempt

Distribution with the Commission within the required 10 days of

each transaction.

Scallop Shell Pollution Solution Limited will pay an

administrative penalty of 5-thousand dollars to the Commission

along with 750 dollars in costs.