Securities Council orders shareholder in CGX subsidiary to desist from trading shares

The Guyana Securities Council (GSC) has once again taken aim at a shareholder in ON Energy Inc, a subsidiary of Canadian Oil Company CGX Inc. CGX has been engaged in oil search operations locally since 2000

In a notice in yesterday’s Stabroek News under the signature of Corporate Secretary Shaun O. Allicock, the GSC ordered GGC Resources, a shareholder in ON Energy Inc to “immediately cease and desist from trading or transferring the 63,810,000 shares held in its name, of ON Energy Inc. a registered reporting issuer of GSC.”

Last month in a similar notice the GSC had announced that as part of its due diligence it is seeking any information the public may have on the company `GGC Resources Inc’ operating from the address 505 Park Avenue – 9th Floor, New York N.Y., 10022, USA. The GSC said that the company is a 30.11% shareholder of ON Energy Inc…..


Tearing up Exxon deal would be ‘disastrous’ – Sir Paul Collier

Even as he posited that Guyana was unequally matched in negotiations with ExxonMobil and other multinationals, British Professor of Economics and Public Policy, Sir Paul Collier last evening cautioned against pulling back the contract with the US company and affiliates, saying it can spell doom for Guyana’s investment climate.

Grinding restarts at Enmore sugar factory

-SPU representative says efficiency improved by 40-45% Photos by Dhanash Ramroop Grinding has resumed at the Enmore Sugar Estate factory in a bid to make use of cane in the fields and to attract prospective investors.

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Fly Jamaica crewmember busted in NY with cocaine taped to legs

Fly Jamaica Airways crewmember Hugh Hall was caught with US$160,000 worth of cocaine taped to his legs after a flight, according to NBC news in New York.

Post office fails to deliver Cheddi Jagan centennial stamps

The Cheddi Jagan Research Centre (CJRC) has accused the government of deliberately frustrating its work, after the Guyana Post Office Corporation (GPOC) failed to deliver on time an order of commemorative stamps to honour the 100th birth anniversary of the late President, Dr Cheddi Jagan.

Timelines set for preliminaries leading up to trial over Red House

A case management conference was yesterday morning held to set timelines for preliminary hearings ahead of the trial commencing in the challenge mounted by the Cheddi Jagan Research Committee Inc.


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