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Two groups team up to offer a path to investment for Northern businesses – My Timmins Now



A free program to help connect Northern business owners and entrepreneurs with capital investments is being offered by Link North and the Northern Ontario Angels.

The Angels are a group of more than four-hundred who provide financing and entrepreneur coaching.

Ross MacDonald is a business development specialist with Link North.

“What we’ve developed is a three-month program that consists of workshops, mentoring and consulting services event that will help entrepreneurs and businesses approach potential angel investors,” he says.

The “Investor Ready Program” launches with an event on September 29th  at Collège Boréal in Timmins.

“It’s just going to be a good opportunity for people to come out, learn more about the program, to network, build connections and get any kind of questions answered that they might have,” MacDonald notes.

Further information and booking your spot can be done on either Facebook page of Link North… or the Northern Ontario Angels.

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Tips for investing beginners – CTV News Edmonton



It’d be a mistake to think you need to accumulate a certain amount of wealth before you start investing, says one expert.

Benjamin Croitoru, a finance professor and associate dean at McGill University, is offering his advice for the latest instalment of CTV News Edmonton’s “Saving and Spending” series, focused on helping viewers make smarter financial decisions.

He believes everybody, no matter their financial standing, should have basic investment knowledge.

“You do not need a huge amount of knowledge and, perhaps even more importantly, you do not need a lot to get started and to make a big difference in the long term as long as you are consistent,” he told CTV News Edmonton in a recent interview.


Croitoru says it is possible to learn the basics on your own.

He recommended starting with a free online course offered by his faculty at McGill. The course, called “Personal Finance Essentials,” is broken into short modules and requires participants to pass a test before each chapter.

“Don’t worry,” Croitoru said. “You can take the test as many times as necessary in order to pass. So no stresser.”

There are also many excellent books, he added. His favourite is The Elements of Investing by Burton Malkiel and Charles D. Ellis because it is easy, enjoyable reading.

If You Can: How Millennials Can Get Rich Slowly by William J. Bernstein (also available for free as a PDF) is written about the U.S. market, but explains the main principles of investing well, Croitoru said.

Of course, he noted, professional guidance is available at a price through financial advisors and banks.

“You just have to remember that the person you’re talking to doesn’t work for you. They work for the bank,” he said.

“There’s nothing wrong with that, of course… It does not mean that they cannot give you good advice.”

That’s why he recommends doing some reading first before paying for a service.


Croitoru encourages even people with limited income to begin investing because of the power of consistency and compound interest.

A modest return rate over the long term will turn even a $10-a-day investment into tens, if not hundreds, of thousands of dollars, the professor told CTV News Edmonton.

“That idea of compound interest – it’s a simple idea – but most people don’t realize how powerful it is,” Croitoru said.

“It’s very important to keep your money invested as long as possible and of course in practice, that means starting investing even small amounts as early as possible.”

The first investments a person makes should be simple and diversified, he teaches.

“You don’t want to invest everything into just one kind of product like Bitcoin, or one one stock of a small number of stocks, because that’s very risky.”

Some financial products like index funds or mutual funds may be attractive to some people, but they get more complicated and come with fees, Croitoru pointed out. And he believes you should be minimizing expenses wherever you can.


Your investing strategy may be customized depending on why you are investing, the McGill professor said.

Usually, the main reason to invest is for retirement, or to support your family.

“On the other hand if you are investing because you want to buy a house in a couple of years or you want to go on vacation next year, you probably want to pick investments that are no risk because you don’t know what could happen to the stock market in the short term,” Croitoru said.

“You’re in for the long haul, the long game. It’s not a short game.”


“Don’t trust your instincts too much because your instincts are going to get you too excited,” Croitoru advises.

More dangerous, he said, emotions people believe are instincts can make them sell at the worst time, after a crash or collapse. Research shows the market will recover to do reasonably well over the long term.

“You’re going to sell that at the low price. That’s going to be a disaster for your long-term return.”

Likewise, he discourages following the crowd, which can influence your decision making.

“Don’t invest based on the dominant mood, the dominant sentiment, of the market. It’s much better to have a long-term plan and stick to it.”

Staying the course goes hand-in-hand with something that may seem contradictory: don’t try too hard.

“In order to be a good investor, I think you have to understand there are some things that are relatively easy to control and some things that are almost impossible to control, like forecast, for example… That’s incredibly challenging to forecast what stocks are going to become the big stock,” Croitoru said.

“Do not try to pick the best times to get in and out of the stock market because that’s very challenging and trying to forecast that is likely to cause more harm than good… Focus on the things you can control, even if they don’t look very exciting. For example, the fees.”

With files from CTV News Edmonton’s Katie Chamberlain 

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ASC sanctions mastermind of failed bitcoin investment scheme – Calgary Herald



‘WhaleClub members were exposed to significant financial risks that they did not fully appreciate when they invested’

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An Alberta man who illegally sold investors on a failed cryptocurrency scheme that promised spectacular returns has been ordered to pay a $40,000 penalty and banned from trading for at least eight years.

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Jan Gregory Cerato raised at least $200,000 from 16 investors who paid a minimum of $10,000 or the equivalent in bitcoin, an Alberta Securities Commission investigation found.

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Cerato, who must also pay the $125,000 cost of the ASC investigation and related hearings, was not registered with the ASC or authorized to sell securities.

An ASC panel heard he launched his WhaleClub team in December 2017 through online forums and in-person workshops, targeting investors new to cryptocurrency trading. Club members had to contribute at least $10,000 and were told they’d be repaid their principal investment and 75 per cent of any profit after 90 days.

Cerato did not file a prospectus for WhaleClub and failed to explain the risks to investors, the ASC said.

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“One WhaleClub promotion suggested that an investment could double every few weeks, and Cerato told an investor that his capital would multiply tenfold in a short period of time,” the decision states.

The trading scheme instead failed to generate any profits and investors received only a small portion of their initial investment, the investigation found.

“WhaleClub members were exposed to significant financial risks that they did not fully appreciate when they invested,” according to the decision.

Cerato told investigators his WhaleClub was “an experiment with cryptocurrency” and a “casual situation,” it said.

The hearing panel noted Cerato, who also uses the surname Strzepka, is a significant risk to investors and that he “accepted little or no responsibility or regret and instead blamed others and exhibited contempt towards those who were harmed by his actions.”

The investigation found he sent threatening messages to at least three investors ahead of the ASC hearing.

  1. The Alberta Securities Commission.

    Alberta securities regulator adopts new measures aimed at helping tech sector, small businesses grow

  2. The Alberta Securities Commission.

    B.C. securities regulator to block driving privileges for those with unpaid fines; AB ‘actively looking’ at new ways to enforce payment

  3. The Alberta Securities Commission.

    ASC alleges Calgary businessman committed investment fraud

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Hannan Announces Closing of Strategic Investment – AccessWire



VANCOUVER, BC / ACCESSWIRE / September 26, 2022 / Hannan Metals Limited (“Hannan” or the “Company”) (TSXV:HAN)(OTC PINK:HANNF) is pleased to announce the closing of the strategic private placement financing (the “Private Placement“) announced on September 20, 2022.

Pursuant to the Private Placement, Teck Resources Limited (TECK.A and TECK.B, TECK) (“Teck“) has subscribed for 9,180,000 common shares (the “Common Shares“) of Hannan at a price of $0.28 per Common Share (the “Issue Price“) for gross proceeds to Hannan of C$2,570,400. Prior to the Private Placement, Teck held no securities of Hannan. Upon closing of the Private Placement, Teck holds 9.0% of the issued common shares of Hannan. No finder’s fees or commissions were paid on the Private Placement. The Common Shares are subject to a statutory hold period, expiring on January 24, 2023. The Private Placement is subject to final acceptance of the TSX Venture Exchange.

Michael Hudson, CEO, states, “We welcome Teck as a shareholder and thank them for their support of both our technical and social teams, as well support for Hannan’s strategy to open up new search spaces in Peru’s frontiers to find the next generation of large-scale global copper-silver and copper-gold deposits. This strategy has led some of the biggest names in our Industry to partner with Hannan, with both Teck and JOGMEC now involved at equity and joint venture levels, respectively. Our partnerships allow us to strategically plan sequential tests of multiple large-scale mineral systems in the foreland basins and back-arc of Peru over the coming years. The opportunities are tremendous.”

The Company intends to use the net proceeds from the Private Placement for exploration on the Company’s mineral exploration projects in Peru and Ireland, and for working capital and general corporate purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or the securities laws of any state of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements.

About Hannan Metals Limited (TSXV:HAN) (OTCPK: HANNF)

Hannan Metals Limited is a natural resources and exploration company developing sustainable resources of metal needed to meet the transition to a low carbon economy. Over the last decade, the team behind Hannan has forged a long and successful record of discovering, financing, and advancing mineral projects in Europe and Peru. Hannan is a top ten in-country explorer by area in Peru.

On behalf of the Board,

“Michael Hudson”
Michael Hudson, Chairman & CEO

Further Information
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez, Corporate Secretary,
+1 (604) 685 9316, [email protected]

Forward Looking Statements. Certain disclosure contained in this news release may constitute forward-looking information or forward-looking statements, within the meaning of Canadian securities laws, including statements regarding the intended use of the net use of proceeds of the Private Placement. These statements may relate to this news release and other matters identified in the Company’s public filings. In making the forward-looking statements the Company has applied certain factors and assumptions that are based on the Company’s current beliefs as well as assumptions made by and information currently available to the Company. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These risks and uncertainties include but are not limited to: the proposed use of the net proceeds received from the Private Placement; political environment in which the Company operates continuing to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases, including the novel COVID-19 virus; risks related to negative publicity with respect to the Company or the mining industry in general; planned work programs; permitting; and community relations. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news.

SOURCE: Hannan Metals Limited

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