UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES ACT OF 1933

Release No. 10358 / May 12, 2017

ADMINISTRATIVE PROCEEDING

File No. 3-17984

In the Matter of

the Registration Statement of 

Canso Enterprises Ltd. 

Ave. Javier Rojo Gomez 630

Leyes de Reforma, Istapalapa

Mexico City 09310

Mexico

Respondent.

ORDER FIXING TIME AND PLACE

OF PUBLIC HEARING AND

INSTITUTING PROCEEDINGS

PURSUANT TO SECTION 8(d) OF THE

SECURITIES ACT OF 1933

I.

The Commission’s public official files disclose that:

On January 31, 2014, Canso Enterprises Ltd. (“Canso” or “Respondent”) filed a Form 

S-1 registration statement seeking to register the offer and sale of 1,650,000 common shares in a 

$247,500 public offering. Respondent filed amendments to its registration statement on March 17, 

2014, and April 7, 2014 (together, the “Registration Statement”). 

II.

After an investigation and examination, the Division of Enforcement alleges that: 

A. RESPONDENT

1. Respondent is a Nevada corporation headquartered in Mexico City, Mexico. 
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2. Respondent was purportedly formed for the purpose of acquiring, exploring, and, if 

warranted and feasible, developing natural resource properties. It has no revenue and has never 

sold shares to the public.

B. MATERIAL MISSTATEMENTS AND OMISSIONS 

3. The Registration Statement includes untrue statements of material facts and omits 

to state material facts necessary to make the statements contained therein not misleading, 

including: 

a. The Registration Statement states that Canso is “currently conducting 

mineral exploration activities” on a property in Canada. This statement is false because 

Canso is not engaged in any exploration activities and has performed no work on any 

property, in Canada, or elsewhere. 

b. The Registration Statement identifies 39 Canadian shareholders who were 

supposed to sell their Canso shares in an initial public offering. Exhaustive searches 

conducted in conjunction with the Ontario Securities Commission have been unable to 

locate or confirm the identity of any of the supposed shareholders. 

III.

The Commission, having considered the aforesaid, deems it appropriate and in the public 

interest that public proceedings pursuant to Section 8(d) of the Securities Act be instituted with 

respect to the Registration Statement to determine whether the allegations of the Division of 

Enforcement are true; to afford the Respondent with an opportunity to establish any defenses to 

these allegations; and to determine whether a stop order should issue suspending the effectiveness 

of the Registration Statement referred to herein.

Accordingly, IT IS ORDERED that public proceedings be and hereby are instituted under 

Section 8(d) of the Securities Act, such hearing to be commenced at 9:30 a.m. on June 1, 2017, at 

the Commission’s offices at 100 F Street N.E., Washington, DC 20549, and to continue thereafter 

at such time and place as the hearing officer may determine.

IT IS FURTHER ORDERED that these proceedings shall be presided over by an

Administrative Law Judge to be designated by further order, who is authorized to perform all the 

duties of an Administrative Law Judge as set forth in the Commission’s Rules of Practice or as 

otherwise provided by law.

IT IS FURTHER ORDERED that the Respondent shall file an Answer to the allegations 

contained in this Order within ten (10) days after service of this Order, pursuant to Rule 220 of the 

Commission's Rules of Practice, 17 C.F.R. § 201.220. If the Respondent fails to file the directed 

answer, or fails to appear at a hearing after being duly notified, the Respondent may be deemed in 

default and the proceedings may be determined against the Respondent upon consideration of this 

Order, the allegations of which may be deemed to be true as provided by Rules 155(a), 220(f), 
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221(f) and 310 of the Commission’s Rules of Practice, 17 C.F.R. §§201.155(a), 201.220(f), 

201.221(f) and 201.310. This Order shall be served forthwith upon the Respondent in accordance 

with Rule 141 of the Commission’s Rules of Practice, 17 C.F.R. §201.141.

IT IS FURTHER ORDERED that the Administrative Law Judge shall issue an initial 

decision no later than 120 days from the occurrence of one of the following events: (A) The 

completion of post-hearing briefing in a proceeding where the hearing has been completed; (B) 

Where the hearing officer has determined that no hearing is necessary, upon completion of briefing 

on a motion pursuant to Rule 250 of the Commission’s Rules of Practice, 17 C.F.R. § 201.250; or 

(C) The determination by the hearing officer that a party is deemed to be in default under Rule 155 

of the Commission’s Rules of Practice, 17 C.F.R. § 201.155 and no hearing is necessary.

In the absence of an appropriate waiver, no officer or employee of the Commission 

engaged in the performance of investigative or prosecuting functions in this or any factually related 

proceeding will be permitted to participate or advise in the decision of this matter, except as 

witness or counsel in proceedings held pursuant to notice. Since this proceeding is not “rule 

making” within the meaning of Section 551 of the Administrative Procedure Act, it is not deemed 

subject to the provisions of Section 553 delaying the effective date of any final Commission action.

By the Commission.

Brent J. Fields

Secretary