ASC Issues Interim Order Reasons Against Midas Vantage Projects Lithium Limited
Summary
An Alberta Securities Commission panel issued written reasons on April 16, 2026 for its December 19, 2025 interim order against Midas Vantage Projects Lithium Limited, Carolyn Jean Orazietti, and Vinay Ramachand Iyer. The panel found sufficient evidence that the respondents engaged in fraud, made prohibited representations about MVP securities, and misled Staff, warranting the interim order to prevent ongoing capital market misconduct while investigation and hearing proceed.
The interim order covers conduct involving MVP securities fraud and prohibited representations. Persons involved in securities offerings in Alberta should ensure all representations comply with the Securities Act (Alberta) and that communications with ASC Staff are accurate and complete, as misleading Staff was identified as an independent basis for the order.
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GovPing monitors ASC Alberta News for new securities & markets regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 3 changes logged to date.
What changed
The ASC panel issued written reasons on April 16, 2026 explaining its decision to maintain an interim order originally imposed on December 19, 2025. The interim order was imposed following a hearing at which Staff demonstrated sufficient evidence that the respondents engaged in fraud, made prohibited representations about MVP securities, and misled ASC Staff under the Securities Act (Alberta). The panel cited the seriousness of the alleged misconduct and potential harm to investors as justification for the order.
Parties named in the order, including Midas Vantage Projects Lithium Limited and the two individuals, are subject to ongoing ASC enforcement proceedings. Investors and market participants in Alberta should note that the ASC found evidence of capital market misconduct sufficient to justify protective interim measures while investigation continues.
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Apr 23, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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ASC provides reasons for interim order against Midas Vantage Projects Lithium Limited, Carolyn Jean Orazietti and Vinay Ramachand Iyer
Apr 21, 2026
CALGARY – April 21, 2026 – An Alberta Securities Commission (ASC) panel has issued a written decision providing reasons for its December 19, 2025 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 (collectively, the Respondents).
Staff issued a Notice of Hearing on December 11, 2025, seeking an interim order under the Securities Act (Alberta) to protect the public while Staff completes an investigation into whether the Respondents have breached the Act. Following a hearing on December 19, 2025, the panel found sufficient evidence that the Respondents have engaged in fraud, made prohibited representations about MVP securities, and misled Staff such that an interim order was in the public interest.
In its written decision of April 16, 2026, the panel noted the seriousness of the alleged misconduct, potential harm to investors, and indicated that the imposition of an interim order was justified to prevent ongoing capital market misconduct while an investigation and hearing proceed.
A copy of the written decision can be found on the ASC website at asc.ca.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
For Media Inquiries:
Tanja McMorris
Alberta Securities Commission
[email protected]
For Investor Inquiries:
ASC Public Inquiries
Toll Free 1-877-355-4488
[email protected]
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Source document text, dates, docket IDs, and authority are extracted directly from ASC Alberta.
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