TORONTO, Jan. 17 /CNW/ - The Ontario Securities Commission ("OSC") is
warning investors not to send money to Impact Finance or Douglas
Charles. Representatives of these entities, including an individual
purported to be Ian T. Ball, may be soliciting residents of Ontario in
a fraudulent advance fee scheme.
Impact Finance and Douglas Charles representatives are contacting
investors who hold securities of York Rio Resources Inc. and offering
to exchange these securities for shares of another company. Investors
are being told that they have to send an advance fee payment to these
entities before their securities can be exchanged. Investors are in
danger of being defrauded of the fees they send and never receiving
payment for the securities that are purportedly being sold for them.
Impact Finance is purportedly located in Boston, Massachusetts. Douglas
Charles is purportedly located in Panama City, Panama. These entities
are not registered in any capacity with the OSC under the Securities Act (Ontario).
York Rio Resources Inc. is a respondent in an illegal distribution and
fraud proceeding that is currently before the Commission awaiting a
hearing. More information is available under OSC Proceedings on the OSC
website at www.osc.gov.on.ca.
If you have any questions or information relating to these matters,
please contact the OSC Contact Centre at 1-877-785-1555.
SOURCE Ontario Securities Commission
For further information:
For media inquiries:
Director, Communications & Public Affairs
Manager, Public Affairs
Media Relations Specialist
Senior Communications Specialist
For investor inquiries:
OSC Contact Centre
1-877-785-1555 (Toll Free)