November 4, 2009 Investor warnings - News

Montréal – The Autorité des marchés financiers (the "AMF") is urging investors to be cautious about the following entities: Castleton Group and Beltway M&A and their representatives David Collins, Daniel Greco, Jim Young, Joshua Stevens, Vick Newman and Patrick Thompson. They have been ordered to cease any activities in respect of transactions in securities in Saskatchewan and a warning has been issued about them in Alberta.

Share redemption scheme
These companies, which were using a share redemption scheme, contacted in particular residents of Saskatchewan who had invested in TLC Exploration. The companies offered to buy investors' shares for quick profit. They required investors to pay transaction fees, a tax or security deposit. The amounts requested were a significant percentage of the initial investment. As soon as payment was made by electronic transfer or bank draft, the representative and the money disappeared.

At this point it is not known whether Québec investors were contacted. The companies are not registered with the AMF to carry on business as a securities dealer or adviser and are therefore not authorized to solicit investors in Québec.

For further information, download the Red-Flagging Financial Fraud brochure from the AMF website or order it through the AMF Information Centre. It will help you recognize several types of illegal tactics, and provides tips to keep you on guard against fraud artists.

If you believe you have been approached by one of these companies, contact the AMF Information Centre.

The Autorité des marchés financiers (the "AMF") is the regulatory and oversight body for Québec's financial sector.

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Information:

Media only:
Sylvain Théberge: (514) 940-2176

Information Centre:
Québec City: 418-525-0337
Montréal: 514-395-0337
Toll-free: 1-877-525-0337