TORONTO, April 29, 2016 /CNW/ - The Ontario Securities Commission ("OSC") is warning Ontario investors that Parker Smith & Turner ("PST"), a Swiss company, is contacting former investors in Blue Gold International Inc. ("BGI") with offers to purchase their shares with a fixed commission payable by the shareholder to PST.
BGI securities cannot be traded. The OSC ordered that trading in the securities of BGI cease on May 25, 2001 then extended that ban in an order dated June 8, 2001. That order remains in effect.
PST is not registered in Ontario to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying, or selling securities.
The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in capital markets. Investors are urged to check the registration of any person or company offering an investment opportunity and to review the OSC's investor materials available at www.osc.gov.on.ca.
If you have any questions or information relating to this matter, please contact the OSC Contact Centre at 1-877-785-1555.
SOURCE Ontario Securities Commission
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