$PGPM Suspension Document!! WOW https://www.se
Post# of 102909
https://www.sec.gov/litigation/suspensions/20...1055-o.pdf
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
June 29, 2017
_________________________________________
:
IN THE MATTER OF :
:
PILGRIM PETROLEUM CORP : ORDER OF SUSPENSION
: OF TRADING
:
:
:
File No. 500-1 :
_________________________________________ :
It appears to the Securities and Exchange Commission that there is a lack of accurate
information concerning the securities of Pilgrim Petroleum CORP (“Pilgrim”) (CIK No.
0001441336) because of questions concerning the accuracy and adequacy of publicly available
information about the company since at least April 27, 2017, including, among other things: (i)
statements in a May 15, 2017 OTC Markets annual filing concerning the company’s total assets
and retained earnings; (ii) statements in a June 8, 2017 press release concerning a new funding
commitment from company insiders; and, (iii) statements on the company’s website concerning
oil and gas producing operations at the company’s properties. Pilgrim is a Texas corporation
based in Addison, Texas, and its stock is currently quoted on OTC Link (previously “Pink
Sheets”) operated by OTC Markets Group, Inc. under the ticker symbol PGPM.
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 securities of the above-listed company is suspended for the
period from 9:30 a.m. EDT, on June 30, 2017 through 11:59 p.m. EST, on July 14, 2017.
By the Commission.
Brent J. Fields
Secretary