Day: 12 February 2021

Time for oil-rich provinces to sell off their assets

Editor
Time for oil-rich provinces to sell off their assets
  WINNIPEG – Lack of diversification is a risky invitation to investment disaster. Very few institutional, corporate or individual investors would put their total net worth into one sector. Yet that’s just what Alberta, Newfoundland and Labrador, and Saskatchewan have done. The economies of these provinces are heavily dependent on the fortunes of the petroleum industry. Corporate and personal income... Read More

Introducing UniMex: A low-cap DeFi project to solve decentralized margin trading

Editor
Introducing UniMex: A low-cap DeFi project to solve decentralized margin trading
  NEW YORK – The invention of the Internet has revolutionized the trading industry, making it a lot more accessible to regular people. In fact, most people had no access to the markets prior to this, as they needed to be rather wealthy in order to participate individually. The Internet changed that, making it possible for everyone to enter the... Read More

Purpose Investments cleared to launch first Bitcoin ETF in the world

Editor
Purpose Investments cleared to launch first Bitcoin ETF in the world
  TORONTO – Purpose Investments Inc. reported that it has been cleared by Canadian securities regulators to launch Purpose Bitcoin ETF,  the first direct custody Bitcoin ETF in the world. The ETF is designed to provide investors with exposure to the leading cryptocurrency, Bitcoin, by investing directly in physically settled Bitcoin. “Bitcoin has been gaining popularity among individual and institutional... Read More

D-BOX Technologies and SIMTAG are reinventing the virtual Sim Racing experience

Editor
D-BOX Technologies and SIMTAG are reinventing the virtual Sim Racing experience
MONTREAL – D-BOX Technologies Inc. (TSX: DBO), a leader in haptic and immersive entertainment, reported they have entered into an agreement with SIMTAG BV, an innovator in developing and building simulators and accessories for Sim Racing, pursuant to which D-BOX will supply SIMTAG with haptic components to be integrated into SIMTAG’s new active brake pedal with integrated FIA-licensed haptic technology.... Read More

Potential municipal land transfer tax hike could reduce supply and affordability of modest Toronto homes

Editor
Potential municipal land transfer tax hike could reduce supply and affordability of modest Toronto homes
TORONTO – The Toronto Regional Real Estate Board is raising concerns about the potential for City Council to increase the Municipal Land Transfer Tax when it meets next week to approve the City’s 2021 Budget. TRREB’s concerns focus on the potential for the tax increase to further constrain the supply of homes for sale in Toronto, thereby exacerbating housing supply... Read More

Sigma Lithium announces closing of C$42.0 million private placement

Editor
Sigma Lithium announces closing of C$42.0 million private placement
VANCOUVER – SIGMA Lithium Resources Corporation (TSXV: SGMA) (OTC-QB: SGMLF) announced that it has closed its previously announced upsized non-brokered private placement of common shares and has issued 9,545,455 common shares at a price of C$4.40 per share (which is 10% above the initial indicated price) for gross proceeds of C$42.0 million. The Offering book was oversubscribed and comprised primarily... Read More