NOVA SCOTIA SECURITIES COMMISSION
The Nova Scotia Securities Commission is alerting investors that SBlock-Trade and SblockTrade.Tech are not registered to trade in securities or derivatives in Nova Scotia.
SBlock-Trade, https://www.SblockTrade.Tech, claims to be an online investment platform for forex and cryptocurrencies. SBlock-Trade claims to be based out of the City of Nova Scotia in Canada. It also claims to be based out of the United Kingdom and Bogota, Colombia.
SBlock-Trade is soliciting investors to open trading accounts on its platform and encourages funding accounts with Bitcoin. It claims to have earned 187 per cent on investments within 60 days and offers purported substantial returns of 30 per cent to 50 per cent within one week of investing.
If people have had contact with SBlock-Trade or have been approached with an investment opportunity they believe may be fraudulent they are asked to contact the commission.
“Remember, if it sounds too good to be true, it probably is. This operation carries the hallmarks of investment fraud. Becoming an informed investor is your best protection from long-term damaging effects to your financial well-being.”
– Stephanie Atkinson, acting director of enforcement, Nova Scotia Securities Commission
— it is illegal to solicit investments in Nova Scotia without registering with the commission and complying with Nova Scotia securities laws
File a complaint or report a scam to the Nova Scotia Securities Commission: https://nssc.novascotia.ca/recognize-and-report-scam
To see if a company or person is registered, visit: https://www.securities-administrators.ca/nrs/nrsearchprep.aspx
Shell Makes Bet on Digital LNG Trading With GLX Investment – BNN
(Bloomberg) — Royal Dutch Shell Plc, the world’s biggest liquefied natural gas merchant, is making a bet on the trade’s digital future by taking a minority investment in the online platform developer GLX Digital.
GLX is among a handful of companies using web-based trading to modernize the world of physical commodities and help deepen liquidity. Since creating its online LNG auction hub, the Perth, Australia-based company has shifted toward helping customers create their own digital trading systems.
Shell is the highest profile investor in GLX, which also include Australia’s Woodside Petroleum Ltd. and Malaysia’s Petroliam Nasional Bhd. It dominates global LNG trade, handling about 22% of the world’s volume, according to Bloomberg Intelligence. Neither Shell nor GLX would disclose the value of the investment or size of the stake.
“This digital platform is a natural step in the continued evolution of the global LNG market and as a leading LNG player, we are keen to be part of this,” Steve Hill, an executive vice president for Shell, said in a statement. “The sophistication of the GLX software in combination with the high caliber and quality of the management team gives GLX a strong base for the future.”
Founded in 2015, closely held GLX has about 23 employees and is trying to grow to 40 in the next year, Chief Executive Officer Damien Criddle said by phone. It has about 75 companies signed up, and revenue from subscriptions is up approximately 600% year-on-year and is “in the seven figures,” he said, without providing further details. The company isn’t profitable yet as it focuses on growing and eventually expanding into other commodity sectors.
Criddle said the company’s shift away from controlling its own online LNG marketplace and toward helping companies build their own has resonated with traders, who prize the privacy of their deals.
“We’re digitalizing the LNG chain, but we’re not standing in the middle collecting data,” Criddle said. “What became clear to us is that while our customers like data, they don’t like sharing their own data, and we respect that.”
©2020 Bloomberg L.P.
Norway's KLP drops investment ban on Brazil's Petrobras as governance improves – TheChronicleHerald.ca
BRASILIA (Reuters) – Brazil’s Petrobras said on Monday it is again eligible to receive investments from Norway’s largest pension fund, KLP, which had blocked investments in the state-owned oil firm following revelations of a sprawling corruption scheme.
Petroleo Brasileiro SA , as Petrobras is formally known, said considerable improvement in its governance following the so-called Operation Car Wash corruption probe led KLP to declare Petrobras as eligible for investment.
KLP did not immediately respond to request for comment.
Operation Car Wash uncovered Brazil’s largest-ever corruption scheme in which hundreds of politicians and businesspeople were implicated in exchanging bribes for public contracts with Petrobras.
In a 2016 statement announcing its exclusion of Petrobras from its portfolios, KLP said it had 33.74 million NOK ($3.57 million) invested in Petrobras shortly before the decision was made.
(Reporting by Jake Spring and Gabriel Araujo; Editing by Leslie Adler)
Firm Capital Mortgage Investment Corporation Announces July 2020 Dividend – GlobeNewswire
TORONTO, July 13, 2020 (GLOBE NEWSWIRE) — Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX: FC) is pleased to announce that its board of directors has declared a monthly cash dividend of $0.078 per common share (subject to adjustment in the discretion of the board of directors) payable on the date set out below to holders of common shares of record at the close of business on the record date set out below:
|Record Date||Dividend Payment Date|
|July 31, 2020||August 17, 2020|
The Corporation has in place a Dividend Reinvestment Plan (“DRIP”) and Share Purchase Plan (“Plan”) that is available to its shareholders. Shareholders are reminded that they can participate in the Corporation’s Dividend Reinvestment Plan and Share Purchase Plan. Participant shareholders pay no commission for common shares issued from treasury.
DIVIDEND REINVESTMENT PLAN (DRIP)
The DRIP allows participants to have their monthly cash dividends reinvested in additional common shares of the Corporation. A 3% discount will only apply if the weighted average trading price, calculated during the five trading days immediately preceding each dividend payment date, is higher than $14.10.
SHARE PURCHASE PLAN
Once registered with the DRIP, participants have the right to purchase additional common shares, totaling no greater than $12,000 per year and no less than $250 per month.
For further information, including answers to frequently asked questions about the DRIP, please refer to our website: www.firmcapital.com, and select Firm Capital Mortgage Investment Corporation under the heading Fund Management, which also includes enrollment information. If you have any questions, please contact Investor Relations at the Corporation by calling (416) 635-0221.
ABOUT THE CORPORATION
Where Mortgage Deals Get Done®
The Corporation, through its mortgage banker, Firm Capital Corporation, is a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine and equity investments. The Corporation’s investment objective is the preservation of shareholders’ equity, while providing shareholders with a stable stream of monthly dividends from investments. The Corporation achieves its investment objectives through investments in selected niche markets that are under-serviced by large lending institutions. Lending activities to date continue to develop a diversified mortgage portfolio, producing a stable return to shareholders. The Corporation is a Mortgage Investment Corporation (MIC) as defined in the Income Tax Act (Canada). Accordingly, the Corporation is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year. Such dividends are generally treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investments made by the Corporation had been made directly by the shareholder. Full reports of the financial results of the Corporation for the year are outlined in the audited financial statements and the related management discussion and analysis of the Corporation, available on the SEDAR website at www.sedar.com. In addition, supplemental information is available on the Corporation’s website at www.firmcapital.com.
For further information, please contact:
Firm Capital Mortgage Investment Corporation
President & Chief Executive Officer (416) 635-0221
Boutique Mortgage Lenders®
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