Document ID: SEC-2016-1589-0001
Agency: sec
Document Type: Notice
Title: Trading Suspension Orders: Preston Royalty Corp.
Posted Date: 2016-09-07T04:00Z

[Federal Register Volume 81, Number 173 (Wednesday, September 7, 2016)]
[Notices]
[Pages 61721-61722]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-21584]

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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]

In the Matter of Preston Royalty Corp.; Order of Suspension of 
Trading

September 2, 2016.
    It appears to the Securities and Exchange Commission that the 
public interest and the protection of investors require a suspension of 
trading in the securities of Preston Corp. (a/k/a Preston Royalty 
Corp.) (CIK No. 0001594219) because of questions regarding the adequacy 
and accuracy of available information about Preston Corp. in light of a 
false statement about the permitting status of a mine in the company's 
August 10, 2016 press release and questions regarding the adequacy and 
accuracy of clarifications Preston Corp. provided in a September 1, 
2016, press release about the mining project. Preston Corp. is a Nevada 
corporation whose principal place of business is located in Austin, 
Texas. Its stock is quoted on OTC Link (previously ``Pink Sheets'') 
operated by OTC Markets Group, Inc. under the ticker symbol PSNP.
    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 
September 2, 2016, through 11:59 p.m. EDT on September 16, 2016.

[[Page 61722]]

    By the Commission.
Brent J. Fields,
Secretary.
[FR Doc. 2016-21584 Filed 9-2-16; 4:15 pm]
BILLING CODE 8011-01-P