Cartaway release called misleading

Article Abstract:

Cartaway Resources Corp.'s two senior officers and First Marathon Securities Ltd.'s former official have been accused by Alberta securities regulators of misleading the public on May 16, 1998, about a false news release on a nickel discovery. The news release reportedly caused a runup in Cartaway's share price. However, drilling results released the day after indicated little promise for a mineral find on the property near the Voisey's Bay in Labrador causing a decline in Cartaway's share price to $C2.76 from C$26 on the Alberta Stock Exchange.

Comment:

Former official accused by Alberta securities regulators of misleading the public about a nickel find

Legal issues & crime, Securities Dealers, Investment Banking and Securities Dealing, Primary Smelting and Refining of Nonferrous Metal (except Copper and Aluminum), Nickel, Alberta, Cartaway Resources Corp., First Marathon Securities Ltd., Article

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Trilon makes bid for Royal LePage

Article Abstract:

Trilon Financial Corp, the lending and finance arm of the EdperBrascan Corp group of companies, is offering C$40 million or C$5.50 each share for the 45% equity interest it does not yet own at Royal LePage Ltd, Canada's leading real estate brokerage. Industry sources believe the acquisition is only part of Trilon's plan to make the publicly traded Royal LePage a private enterprise.

Canada, Asset sales & divestitures, Acquisitions & mergers, Offices of Real Estate Agents and Brokers, Real Estate Agents & Brokers, Royal LePage Ltd.

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Virtual banks charge lowest fees: report

Article Abstract:

An Industry Canada report comparing 15 Canadian financial institutions found that virtual banks President's Choice Financial and Citizens Bank of Canada charge customers the lowest bank fees.

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