Montréal – The Autorité des marchés financiers (AMF) has requested the Bureau de décision et de révision en valeurs mobilières (BDRVM) to recommend to the Québec Finance Minister the appointment of a provisional administrator for each of the following companies related to or held in whole or in part by Mount Real: Real Vest Investments Ltd. (Real Vest), Gestion MRACS Ltée (MRACS) and Real Assurance Acceptance Corporation (RAAC).
In addition, the AMF has requested the BDRVM to partially lift the freeze order issued by the BDRVM on November 9, 2005 as soon as the Finance Minister appoints a provisional administrator for each of Real Vest, MRACS and RAAC. This would enable the provisional administrator to take possession of, dispose of, use and manage the funds, securities or other property belonging to or in the possession of each of Real Vest, MRACS and RAAC.
These companies issued promissory notes to investors counter to the law and the basic rules of securities investments established to protect the public.
The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec’s financial sector.
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Cynthia Tremblay (514) 395-0558 ext. 2345
Issuers, dealers, advisers and representatives: (877) 525-0337, choose option 9 for English, then 1 for industry
Consumers and investors: (877) 525-0337, choose option 9 for English, then 8 for consumers