Ontario Securities Commission

Ontario Securities Commission Opens the Market

Retrieved on: 
Wednesday, September 6, 2023
Retail, Policy, TSX, Toronto Stock Exchange, Regulatory affairs, Research, Ombudsman for Banking Services and Investments, Education, Ontario Securities Commission, Multimedia, Ombudsman, OSC, Online shopping, Investment

TORONTO, Sept. 6, 2023 /PRNewswire/ - Tyler Fleming, Director, Investor Office, Ontario Securities Commission ("OSC") and his team joined Rajeeve Thakur, Vice President, Regulatory Affairs, Toronto Stock Exchange ("TSX") to celebrate 'back to school' season for investors and highlight the importance of financial education, and to open the market.

Key Points: 
  • TORONTO, Sept. 6, 2023 /PRNewswire/ - Tyler Fleming, Director, Investor Office, Ontario Securities Commission ("OSC") and his team joined Rajeeve Thakur, Vice President, Regulatory Affairs, Toronto Stock Exchange ("TSX") to celebrate 'back to school' season for investors and highlight the importance of financial education, and to open the market.
  • The Investor Office sets the strategic direction and leads the OSC's efforts in investor engagement, education, outreach and research.
  • Its investor website GetSmarterAboutMoney.ca is Canada's most visited financial education website, used by millions of people each year.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/ontario-securities-commission-o...

CSE Bulletin: Suspension - TruTrace Technologies Inc. (TTT)

Retrieved on: 
Tuesday, September 5, 2023
CSE, Politique, Ontario Securities Commission, National instrument, Policy, Bourse des Valeurs d'Abidjan, Nightclub

Toronto, Ontario--(Newsfile Corp. - le 5 septembre/September 2023) - Effective immediately, TruTrace Technologies Inc. is suspended pursuant to CSE Policy 3.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - le 5 septembre/September 2023) - Effective immediately, TruTrace Technologies Inc. is suspended pursuant to CSE Policy 3.
  • The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules.
  • For more information about Cease Trade Orders, visit the Canadian Securities Administrators Cease Trade Order database at www.securities-administrators.ca
    À compter d'aujourd'hui, TruTrace Technologies Inc. est suspendu conformément à la politique 3 du CSE.
  • La suspension est considérée comme une interruption réglementaire telle que définie dans la Norme canadienne 23-101 sur les règles de négociation.

ASC alleges Alberta-based company, GRS Hydrogen Solutions Inc., and its President & CEO, Albert Eugene Cerenzie, breached Alberta securities laws

Retrieved on: 
Tuesday, September 5, 2023
Hydrogen, ASC, Executive, Ontario Securities Commission, Hearing, Toronto Stock Exchange, Notice of Hearing, Methanol, Electricity, AB, British Columbia Securities Commission, Alberta Securities Commission, GRS, Canadian Securities Administrators, Prospectus, TSX, RCMP, Security (finance), Private investigator

CALGARY, AB, Sept. 5, 2023 /CNW/ - The Alberta Securities Commission (ASC) has issued a Notice of Hearing alleging that GRS Hydrogen Solutions Inc. (GRS) and its President & CEO, Albert Eugene Cerenzie, breached Alberta securities laws by engaging in illegal distributions, prohibited representations and misrepresentations.

Key Points: 
  • CALGARY, AB, Sept. 5, 2023 /CNW/ - The Alberta Securities Commission (ASC) has issued a Notice of Hearing alleging that GRS Hydrogen Solutions Inc. (GRS) and its President & CEO, Albert Eugene Cerenzie, breached Alberta securities laws by engaging in illegal distributions, prohibited representations and misrepresentations.
  • Cerenzie authorized, permitted and acquiesced to all of GRS' misconduct and breaches of Alberta securities laws.
  • The ASC gratefully acknowledges the assistance of the British Columbia Securities Commission, the Ontario Securities Commission and the RCMP.
  • As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

Sprott Physical Uranium Trust Announces Filing of New Preliminary Base Shelf Prospectus and Consideration of Structural Changes

Retrieved on: 
Tuesday, September 5, 2023
Ontario Securities Commission, Treasury, TSX, Disclosure, Trust, Security (finance)

TORONTO, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (the “Sprott Asset Management”), on behalf of the Sprott Physical Uranium Trust (TSX: U.UN and U.U) (the “Trust”), a closed-ended trust created to invest and hold substantially all of its assets in physical uranium, today announced that it has filed a new preliminary base shelf prospectus with Canadian securities regulatory authorities This filing corresponds to the expiration of the Trust’s current base shelf prospectus effective September 10, 2023.

Key Points: 
  • TORONTO, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (the “Sprott Asset Management”), on behalf of the Sprott Physical Uranium Trust (TSX: U.UN and U.U) (the “Trust”), a closed-ended trust created to invest and hold substantially all of its assets in physical uranium, today announced that it has filed a new preliminary base shelf prospectus with Canadian securities regulatory authorities This filing corresponds to the expiration of the Trust’s current base shelf prospectus effective September 10, 2023.
  • As disclosed in the new preliminary base shelf prospectus, the Trust is actively considering the introduction of a limited redemption feature on a not less than annual basis, the implementation of limits on future treasury issuances of new trust units and other measures with the objective of having the trust units trade more consistently with its net asset value.
  • These considerations are, in part, the result of ongoing discussions with staff at the Ontario Securities Commission regarding the Trust and its physical uranium holdings, as well as feedback from investors regarding the Trust and its operations.
  • There is currently no definitive timeline for the completion of these ongoing considerations and discussions, and no decisions have been reached at this time.

OSC issues temporary cease trade order against myforexfunds.com

Retrieved on: 
Friday, September 1, 2023
CFTC, Ontario Securities Commission, Person, Commodity Futures Trading Commission, Complaint, District court, Fraud, Contract management, OSC, Private investigator, Kazmi

TORONTO, Sept. 1, 2023 /CNW/ - The Ontario Securities Commission (OSC) today issued a temporary cease trade order against Traders Global Group Inc., doing business as myforexfunds.com, and its principal, Muhammad Murtuza Kazmi.

Key Points: 
  • TORONTO, Sept. 1, 2023 /CNW/ - The Ontario Securities Commission (OSC) today issued a temporary cease trade order against Traders Global Group Inc., doing business as myforexfunds.com, and its principal, Muhammad Murtuza Kazmi.
  • The OSC is investigating possible breaches of securities law by Traders Global Group Inc., an Ontario corporation, and Kazmi, an Ontario resident.
  • Traders Group Global Inc. and Kazmi are not registered with the OSC in any capacity.
  • The temporary cease trade order issued today prohibits further trading in securities by Traders Global Group Inc. and Kazmi.

Canadian securities regulators extend exemptions to facilitate OEO trailer ban transition

Retrieved on: 
Thursday, August 31, 2023
Manitoba Finance, AMF, OEO, MSC, Ontario Securities Commission, CSA, OSC, Financial adviser, Lease

TORONTO , Aug. 31, 2023 /CNW/ - The Manitoba Securities Commission (MSC), Ontario Securities Commission (OSC) and Autorité des marchés financiers (AMF) announced today the extension of local blanket orders that provide temporary exemptions from the order-execution-only (OEO) trailer ban.

Key Points: 
  • TORONTO , Aug. 31, 2023 /CNW/ - The Manitoba Securities Commission (MSC), Ontario Securities Commission (OSC) and Autorité des marchés financiers (AMF) announced today the extension of local blanket orders that provide temporary exemptions from the order-execution-only (OEO) trailer ban.
  • They provide temporary exemptions from the OEO trailer ban to facilitate dealer rebates of trailing commissions to clients holding mutual funds in OEO dealer accounts and process client transfers.
  • The local blanket orders published by the MSC, OSC and AMF will be extended following their expiration on November 30, 2023 to ensure investors are not negatively impacted by the transition to the OEO trailer ban.
  • The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

Algoma Steel Group to Participate in the Jefferies 2023 Industrials Conference

Retrieved on: 
Wednesday, August 30, 2023
STE, Ontario Securities Commission, ASTL, SEDAR, TSX, News, Conference, OSC, Legislation, Rare-earth element, Risk management, Bookkeeping

MARIE, Ontario, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that the Company will be participating in the Jefferies 2023 Industrials Conference on Wednesday, September 6, 2023 and Thursday, September 7, 2023.

Key Points: 
  • MARIE, Ontario, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that the Company will be participating in the Jefferies 2023 Industrials Conference on Wednesday, September 6, 2023 and Thursday, September 7, 2023.
  • Prior to Algoma’s attendance at this conference, the Company will post a copy of the presentation it intends to use in the Investors section of its website.
  • This news release contains “forward-looking information” under applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S.
  • Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions.

Scotiabank welcomes Sandra Stuart and Michael Medline to its Board of Directors

Retrieved on: 
Tuesday, August 29, 2023
HSBC Bank, HSBC, Ontario Securities Commission, Corporate development, HSBC Bank Canada, Empire Company, Empire, Canadian Tire, Corporate real estate, Growth, McCarthy, Scotiabank, Management

TORONTO, Aug. 29, 2023 /CNW/ - Scotiabank today announced the appointment of Sandra Stuart and Michael Medline to its Board of Directors.

Key Points: 
  • TORONTO, Aug. 29, 2023 /CNW/ - Scotiabank today announced the appointment of Sandra Stuart and Michael Medline to its Board of Directors.
  • "We are very pleased to welcome Sandra and Michael to Scotiabank's Board.
  • Sandra is a seasoned business leader with extensive global financial services and operations experience from her time at HSBC Bank.
  • Prior to joining Empire in 2017, Mr. Medline held retail leadership positions at Canadian Tire Corporation, including President and Chief Executive Officer.

NorthWest Copper Activist Group Refuses to Address Five Key Shareholder Concerns

Retrieved on: 
Monday, August 28, 2023
FOR, Ontario Securities Commission, Kwanika Range, Complaint, The Company, Risk, Strategic environmental assessment, Kemess Mine, Activism, Innocence + Experience Tour, Knowledge, Growth, Proxy, Legislation, Environmental impact assessment, BLUE, Interim, Employment, High, James Steel, NUALS Arts and Literary Annual Meet, Gold, Chairperson, First Nations, Economics, Metal, Incident management team, Trust, Columbia, Mining, The Sundays, Annual general meeting, Lavender Hill Mob (gay activist group), Auction, Security (finance), Property management, Management, Tourism, Holding company, Points of the compass

After that, the Activist Group will look for additional directors with experience.

Key Points: 
  • After that, the Activist Group will look for additional directors with experience.
  • The Activist Group has stated that if elected, it intends to use the Company’s treasury to reimburse itself for its proxy fight expenses.
  • The Activist Group has not named anyone to replace Mr. Moore or any other member of NorthWest’s management team.
  • NorthWest believes that Mr. Ianno is part of the Activist Group and has filed a complaint with the BC Securities Commission about this undisclosed relationship.

Nano Dimension’s Dissident Shareholder Murchison Ltd.’s Owner, Marc Bistricer’s Case is Scheduled For Continued Hearing Processes During the Rest of 2023 Before Capital Markets Tribunal (the “Tribunal”) in Canada

Retrieved on: 
Friday, August 25, 2023
Investment, Ontario Securities Commission, Disclosure, Managed file transfer, Tribunal, Document 1, Risk, Hearing, Canopy Growth, 3D printing, OSC, Murchison, Property management, Security (finance)

Waltham, Mass., Aug. 25, 2023 (GLOBE NEWSWIRE) --  Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, announced today that Marc Yuda Bistricer (“Bistricer”) Case (File No. 2022-24) stood for a hearing before Capital Markets Tribunal in Toronto, Ontario, Canada, after the Tribunal, on May 8, 2023, dismissed a motion brought by Bistricer for additional disclosure of documents.1

Key Points: 
  • The Ontario Securities Commission (the “OSC”) Staff Seeking Orders from the Tribunal That Murchison Owner, Marc Bistricer:
    Waltham, Mass., Aug. 25, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd .
  • (Nasdaq: NNDM, “Nano Dimension” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, announced today that Marc Yuda Bistricer (“Bistricer”) Case (File No.
  • OSC staff has requested that the Tribunal make, among others, the following orders:
    “… Mr. Bistricer resign from any position he may hold as a director or officer of a registrant, “… Mr. Bistricer be prohibited from becoming or acting as a director or officer of a registrant permanently.
  • Those short sales may have curbed increases in, or reduced, the closing price, affecting the offering price and lowering Canopy’s net proceeds.”
    “…Respondents’ conduct was abusive and contrary to the animating principles of Ontario securities law…undermined the investor protection… undercut the timely, accurate and efficient disclosure of information…”
    Respondents sought to minimize the timely, accurate and efficient disclosure of information non-disclosure reduced the risk of regulatory action because the entirety of the series of transactions was hidden.