The Alberta Securities Commission (ASC has concluded a settlement with Integra Investment Services Ltd. director Maxine Cooke of Calgary for the illegal distribution of Carling Development Inc., Carling Development (B.C.) Inc. and Rundle Development Cooperative securities.

Cooke agreed to pay the ASC $100,000 to settle the allegations against her plus $50,000 towards costs. Cooke also undertook to cease trading in securities, relying on exemptions and refrain from acting as a director or officer of any issuer for 15 years.

In the settlement agreement, Cooke admitted that Integra Investment Services was involved in raising $12.5 million from Alberta residents through the sale of Carling Development, Carling Development (B.C.) and Rundle Development Cooperative securities.

Cooke and Integra Investment Services were not registered with the ASC to do so and failed to file any documentation for such transactions as required under Alberta securities laws.

A copy of the Settlement Agreement is posted on the ASC website at