99-6446. Ikar Mineral Corporation; Order of Suspension of Trading

[Federal Register Volume 64, Number 50 (Tuesday, March 16, 1999)]
[Notices]
[Page 13046]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-6446]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


Ikar Mineral Corporation; Order of Suspension of Trading

March 12, 1999.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Ikar Mineral Corporation (``Ikar''), a Vancouver, British Columbia, 
Canada based company, incorporated in the State of Delaware, which 
holds itself out to be in the business of acquiring, developing and 
mining base and precious metal properties in Tajikistan. There are 
questions regarding the accuracy and adequacy of publicly disseminated 
information concerning a purported agreement between Ikar and European 
American Resources, Inc. (``Epar''), another mining company, for the 
sale of a portion of Ikar's mineral deposit in Tajikistan for over $39 
million, to be paid in cash and stock of Epar.
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of the above-listed company.
    Therefore, it is ordered, pursuant to section 12(K) of the 
Securities Exchange Act of 1934, that trading in the above-listed 
company is suspended for the period from 9:30 a.m. EST, March 12, 1999 
through 11:59 p.m. EST, on March 25, 1999.

    By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-6446 Filed 3-12-99; 11:13 am]
BILLING CODE 8010-01-M