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A website that says it is associated with Saskatchewan corporation Thackeray Mines & Minerals Inc. is bogus, the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) warned on Friday.
In a news release on June 20, said a dot com website named “thackeraymines” is not associated with the company.
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The FCAA said the website claims that Thackeray Mines is seeking investors and engaged in several rounds of private placement investment in advance of a public listing.
The legitimate Thackeray Mines has confirmed that it is not associated with the website, is not seeking investment, is not engaged in any private placement or public offerings and is not in the business of selling stocks.
“Saskatchewan investors should check registration status at aretheyregistered.ca as the first step when considering any investment,” FCAA Securities Division Executive Director Dean Murrison said in the release.
“Checking the registration status is quick, and a valuable protection tool for prospective investors.”
Anyone who has invested with the website or anyone claiming to be acting on their behalf, is asked to contact the FCAA’s Securities Division at 306-787-5936.
In Saskatchewan, individuals or companies need to be registered with the FCAA to trade or sell securities or derivatives, FCAA said.
The registration provisions of The Securities Act, 1988, and accompanying regulations are intended to ensure that only honest and knowledgeable people are registered to sell securities and derivatives and that their businesses are financially stable.
FCAA tips to protect potential investors
- Always verify that the person or company is registered in Saskatchewan to sell or advise about securities or derivatives. To check registration, visit The Canadian Securities Administrators’ National Registration Search at aretheyregistered.ca.
- Know exactly what you are investing in. Make sure you understand how the investment, product, or service works.
- Get a second opinion and seek professional advice about the investment.
- Do not allow unknown or unverified individuals to remotely access your computer.
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