81 FR 61721 - In the Matter of Preston Royalty Corp.; Order of Suspension of Trading

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 173 (September 7, 2016)

Page Range		61721-61722
FR Document		2016-21584

Federal Register, Volume 81 Issue 173 (Wednesday, September 7, 2016)

[Federal Register Volume 81, Number 173 (Wednesday, September 7, 2016)]
[Notices]
[Pages 61721-61722]
From the Federal Register Online  [www.thefederalregister.org]
[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

Federal Register / Vol. 81, No. 173 / Wednesday, September 7, 2016 / Notices 61721

4. This exemption is effective as of the NUCLEAR REGULATORY Moreover, in view of the possibility that
date of its issuance. COMMISSION the schedule for ACRS meetings may be
adjusted by the Chairman as necessary
III. License Amendment Request Advisory Committee on Reactor to facilitate the conduct of the meeting,
By letter dated October 15, 2015, the Safeguards; Meeting of the ACRS persons planning to attend should check
Subcommittee on with these references if such
licensee requested that the NRC amend
the COLs for VEGP, Units 3 and 4, COLs rescheduling would result in a major
Economic Simplified Boiling Water
inconvenience.
NPF–91 and NPF–92. The proposed Reactors (ESBWR); Notice of Meeting
The ACRS Subcommittee on ESBWR If attending this meeting, please enter
amendment is described in Section I of
will hold a meeting on September 22, through the One White Flint North
this Federal Register notice.
2016, Room T–2B1, 11545 Rockville building, 11555 Rockville Pike,
The Commission has determined for Rockville, MD. After registering with
Pike, Rockville, Maryland.
these amendments that the application security, please contact Mr. Theron
The meeting will be open to public
complies with the standards and attendance. Brown (240–888–9835) to be escorted to
requirements of the Atomic Energy Act The agenda for the subject meeting the meeting room.
of 1954, as amended (the Act), and the shall be as follows: Dated: August 16, 2016.
Commission’s rules and regulations. Thursday, September 22, 2016—1:00 Mark L. Banks,
The Commission has made appropriate p.m. until 5:00 p.m. Chief Technical Support Branch, Advisory
findings as required by the Act and the The Subcommittee will review the Committee on Reactor Safeguards.
Commission’s rules and regulations in North Anna Unit 3 Combined License [FR Doc. 2016–21436 Filed 9–6–16; 8:45 am]
10 CFR Chapter I, which are set forth in Application (COLA). The Subcommittee BILLING CODE 7590–01–P
the license amendment. will hear presentations by and hold
A notice of consideration of issuance discussions with representatives of the
of amendment to facility operating NRC staff, Detroit Edison, and other
license or COL, as applicable, proposed interested persons regarding this matter. SECURITIES AND EXCHANGE
no significant hazards consideration The Subcommittee will gather COMMISSION
information, analyze relevant issues and
determination, and opportunity for a
facts, and formulate proposed positions
hearing in connection with these [File No. 500–1]
and actions, as appropriate, for
actions, was published in the Federal deliberation by the Full Committee.
Register on October 27, 2015 (80 FR In the Matter of Preston Royalty Corp.;
Members of the public desiring to Order of Suspension of Trading
65807). No comments were received provide oral statements and/or written
during the 30-day comment period. comments should notify the Designated September 2, 2016.
The Commission has determined that Federal Official (DFO), Girija Shukla It appears to the Securities and
these amendments satisfy the criteria for (Telephone 301–415–6855 or Email: Exchange Commission that the public
categorical exclusion in accordance Girija.Shukla@nrc.gov) five days prior to interest and the protection of investors
with 10 CFR 51.22. Therefore, pursuant the meeting, if possible, so that require a suspension of trading in the
to 10 CFR 51.22(b), no environmental appropriate arrangements can be made. securities of Preston Corp. (a/k/a
impact statement or environmental Thirty-five hard copies of each Preston Royalty Corp.) (CIK No.
assessment need be prepared for these presentation or handout should be 0001594219) because of questions
amendments. provided to the DFO thirty minutes regarding the adequacy and accuracy of
before the meeting. In addition, one available information about Preston
IV. Conclusion electronic copy of each presentation Corp. in light of a false statement about
should be emailed to the DFO one day the permitting status of a mine in the
Using the reasons set forth in the before the meeting. If an electronic copy company’s August 10, 2016 press
combined safety evaluation, the staff cannot be provided within this release and questions regarding the
granted the exemption and issued the timeframe, presenters should provide adequacy and accuracy of clarifications
amendment that the licensee requested the DFO with a CD containing each Preston Corp. provided in a September
on October 15, 2015. The exemption presentation at least thirty minutes 1, 2016, press release about the mining
and amendment were issued on April before the meeting. Electronic project. Preston Corp. is a Nevada
12, 2016 as part of a combined package recordings will be permitted only corporation whose principal place of
to the licensee (ADAMS Accession No. during those portions of the meeting business is located in Austin, Texas. Its
ML16103A382). that are open to the public. Detailed stock is quoted on OTC Link (previously
Dated at Rockville, Maryland, this 29th day procedures for the conduct of and ‘‘Pink Sheets’’) operated by OTC
of August 2016. participation in ACRS meetings were Markets Group, Inc. under the ticker
published in the Federal Register on symbol PSNP.
For the Nuclear Regulatory Commission.
October 21, 2015 (80 FR 63846). The Commission is of the opinion that
Jennifer Dixon-Herrity, Detailed meeting agendas and meeting the public interest and the protection of
Acting Chief, Licensing Branch 4, Division transcripts are available on the NRC investors require a suspension of trading
of New Reactor Licensing, Office of New Web site at http://www.nrc.gov/reading- in the securities of the above-listed
Reactors. rm/doc-collections/acrs. Information company.
mstockstill on DSK3G9T082PROD with NOTICES

[FR Doc. 2016–21438 Filed 9–6–16; 8:45 am] regarding topics to be discussed, Therefore, it is ordered, pursuant to
BILLING CODE 7590–01–P changes to the agenda, whether the Section 12(k) of the Securities Exchange
meeting has been canceled or Act of 1934, that trading in the
rescheduled, and the time allotted to securities of the above-listed company is
present oral statements can be obtained suspended for the period from 9:30 a.m.
from the Web site cited above or by EDT on September 2, 2016, through
contacting the identified DFO. 11:59 p.m. EDT on September 16, 2016.

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61722 Federal Register / Vol. 81, No. 173 / Wednesday, September 7, 2016 / Notices

By the Commission. A. Self-Regulatory Organization’s III. Date of Effectiveness of the
Brent J. Fields, Statement of the Purpose of, and Proposed Rule Change and Timing for
Secretary. Statutory Basis for, the Proposed Rule Commission Action
[FR Doc. 2016–21584 Filed 9–2–16; 4:15 pm] Change Because the foregoing proposed rule
BILLING CODE 8011–01–P 1. Purpose change does not: (i) Significantly affect
the protection of investors or the public
The Exchange proposes to amend the interest; (ii) impose any significant
SECURITIES AND EXCHANGE previously submitted filing SR–Phlx– burden on competition; and (iii) become
COMMISSION 2016–38, which contained an incorrect operative for 30 days from the date on
[Release No. 34–78740; File No. SR–Phlx– version of the Exchange’s membership which it was filed, or such shorter time
2016–88] application as Exhibit 3. This rule filing as the Commission may designate, it has
seeks to provide the current become effective pursuant to Section
Self-Regulatory Organizations; membership application in Exhibit 3(a) 19(b)(3)(A)(iii) of the Act 6 and
NASDAQ PHLX LLC; Notice of Filing which became operative on July 1, 2016. subparagraph (f)(6) of Rule 19b–4
and Immediate Effectiveness of Following the filing of SR–PHLX– thereunder.7
Proposed Rule Change To Amend 2016–38 the Exchange continued to use At any time within 60 days of the
Prior Rule Change, SR–PHLX–2016–38 the ‘‘legacy’’ membership application filing of the proposed rule change, the
August 31, 2016. though June 30, 2016 which is Commission summarily may
contained in Exhibit 3, however, the temporarily suspend such rule change if
Pursuant to Section 19(b)(1) of the
Exchange did not receive any it appears to the Commission that such
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 membership applications. The action is: (i) Necessary or appropriate in
notice is hereby given that, on August membership application which is the public interest; (ii) for the protection
23, 2016, NASDAQ PHLX LLC (‘‘Phlx’’ contained in Exhibit 3(a) and was filed of investors; or (iii) otherwise in
or ‘‘Exchange’’) filed with the Securities on May 2 [sic], 2016 as part of SR– furtherance of the purposes of the Act.
and Exchange Commission PHLX–2016–38 is a new consolidated If the Commission takes such action, the
(‘‘Commission’’) the proposed rule membership form which is applicable to Commission shall institute proceedings
change as described in Items I, II, and The Nasdaq Stock Market, Nasdaq BX, to determine whether the proposed rule
III, below, which Items have been and Nasdaq PHLX which went into should be approved or disapproved.
prepared by the Exchange. The effect following the effectiveness of Rule IV. Solicitation of Comments
Commission is publishing this notice to 921(b) and does not require the
Interested persons are invited to
solicit comments on the proposed rule Executive Representative of a PHLX
submit written data, views and
change from interested persons. member firm to provide evidence of
arguments concerning the foregoing,
their designation as the Executive
I. Self-Regulatory Organization’s including whether the proposed rule
Representative.
Statement of the Terms of Substance of change is consistent with the Act.
the Proposed Rule Change 2. Statutory Basis Comments may be submitted by any of
The Exchange proposes to amend the following methods:
The Exchange believes that its
prior rule change, SR–Phlx–2016–38,3 proposal is consistent with Section 6(b) Electronic Comments
which inadvertently contained the
incorrect Exhibit 3.
of the Act,4 in general, and furthers the • Use the Commission’s Internet
objectives of Section 6(b)(5) of the Act,5 comment form (http://www.sec.gov/
The text of the proposed rule change
in particular, in that it is designed to rules/sro.shtml); or
is available on the Exchange’s Web site
at http://nasdaqomxphlx.
protect investors and the public interest • Send an email to rule-comments@
by streamlining various aspects of the sec.gov. Please include File Number SR–
cchwallstreet.com/, at the principal
office of the Exchange, and at the membership process. The filing of the Phlx–2016–88 on the subject line.
Commission’s Public Reference Room. updated membership form will promote
Paper Comments
just and equitable principles of trade,
II. Self-Regulatory Organization’s and foster cooperation and coordination • Send paper comments in triplicate
Statement of the Purpose of, and with persons engaged in facilitating to Secretary, Securities and Exchange
Statutory Basis for, the Proposed Rule transactions in securities by eliminating Commission, 100 F Street NE.,
Change confusion among forms. Washington, DC 20549–1090.
In its filing with the Commission, the All submissions should refer to File
B. Self-Regulatory Organization’s
Exchange included statements Number SR–Phlx–2016–88. This file
Statement on Burden on Competition
concerning the purpose of and basis for number should be included on the
the proposed rule change and discussed The proposed rule change does not subject line if email is used. To help the
any comments it received on the impose any burden on competition that Commission process and review your
proposed rule change. The text of these is not necessary or appropriate in comments more efficiently, please use
statements may be examined at the furtherance of the purposes of the Act. only one method. The Commission will
places specified in Item IV below. The post all comments on the Commission’s
Exchange has prepared summaries, set C. Self-Regulatory Organization’s Internet Web site (http://www.sec.gov/
forth in sections A, B, and C below, of Statement on Comments on the
mstockstill on DSK3G9T082PROD with NOTICES

the most significant aspects of such Proposed Rule Change Received From 6 15 U.S.C. 78s(b)(3)(a)(iii) [sic].
statements. Members, Participants, or Others 7 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6) requires a self-regulatory organization to give
1 15
No written comments were either the Commission written notice of its intent to file
U.S.C. 78s(b)(1). the proposed rule change at least five business days
2 17 CFR 240.19b–4.
solicited or received.
prior to the date of filing of the proposed rule
3 See Securities and Exchange Act Release No. change, or such shorter time as designated by the
4 15 U.S.C. 78f(b).
77475 (Match 30, 2016), 81 FR 19664 (April 5, Commission. The Exchange has satisfied this
2016) (SR–Phlx–2016–36) [sic]. 5 15 U.S.C. 78f(b)(5). requirement.

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Document Created: 2016-09-07 11:50:14
Document Modified: 2016-09-07 11:50:14

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		81 FR 61721