CALGARY, Jan. 26 /CNW/ - The Alberta Securities Commission (ASC) is warning Alberta investors of a 'recovery room' scheme that is reportedly targeting Triclean Enterprises Inc. investors. Recovery room schemes involve companies that contact investors who may have lost money in an illiquid investment with an offer to buy their shares at an inflated price. Once investors agree to the deal, the operators of the scheme ask the investor to first pay a fee for the transaction. The operators keep the fee, but do not repurchase the shares.
Triclean Enterprises Inc. is currently under a permanent ASC order banning it from using any registration exemption contained in Alberta securities laws.
This investor alert is in response to reports that a company, purportedly operating out of Prague, Czech Republic, is contacting Triclean Enterprises Inc. investors telling them that a Japanese company wants to buy Triclean Enterprises Inc. and wants to purchase their shares. After the investor becomes interested in the deal, the company then tells the investor that there is a commission and advance fee that must be paid to proceed with the transaction.
To help the ASC protect investors, anyone who has been approached with an offer to purchase Triclean Enterprises Inc. securities is asked to contact the ASC Public Inquiries group at 1-877-355-4488.
For more information on how to Check First before you invest your hard earned money, visit our website at www.albertasecurities.com
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
SOURCE Alberta Securities Commission
For further information: For further information: For Media Inquiries: Mark Dickey, Senior Communications Advisor, (403) 297-4481; For Investor Inquiries: ASC Public Inquiries; Toll Free 1-877-355-4488