Latest news with #BCSC
Cision Canada
15-07-2025
- Business
- Cision Canada
CSA consults on proposed process refinements and oversight for a dispute resolution service for investor complaints Français
TORONTO and VANCOUVER, BC, July 15, 2025 /CNW/ - The Canadian Securities Administrators (CSA) has provided for comment more details on the proposed framework for an independent dispute resolution service with binding authority – anticipated to be the Ombudsman for Banking Services and Investments (OBSI). The consultation includes a proposed oversight model for OBSI and refinements on the review and decision stage of the dispute resolution process. In light of the proposal to grant OBSI binding authority, the CSA is introducing an oversight framework that aims to balance OBSI's independence with the need for accountability. "Introducing binding authority for investment complaints is important to ensure investors have the ability to seek access to an impartial, fair and efficient dispute resolution process, and to give more certainty to businesses over the outcome of claims," said Stan Magidson, Chair of the CSA, and Chair and CEO of the Alberta Securities Commission. "The CSA's proposal will help modernize the structure of Canada's capital markets and simplify the complaints process for investors and businesses alike." In response to comments received during the 2023 consultation, the CSA is also proposing changes to the second stage review of the dispute resolution process for OBSI compensation recommendations for $75,000 or more. For these complaints, OBSI will be required to appoint external decision makers to review its recommendation before reaching a final decision. The comment period closes on September 15, 2025. Stakeholders are encouraged to submit their comments to the addresses in the notice and their local securities regulator. Implementation of a final framework is dependent on the governments of many CSA jurisdictions passing enabling legislation. The CSA, the council of the securities regulators of Canada's provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets. Notes to Editors: In November 2023, all members of the CSA published CSA Notice and Request for Comment – Registered Firm Requirements Pertaining to an Independent Dispute Resolution Service. CSA members other than the BC Securities Commission (BCSC) published for comment proposed amendments to certain complaint-handling provisions of NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, as well as proposed changes to Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations, which would form part of the proposed framework in those jurisdictions. While the BCSC did not participate in the publication of proposed amendments, it supports the outcomes intended by this project. British Columbia is considering legislative changes that may achieve the same outcomes as those intended by the proposals. The BCSC is interested in feedback about the oversight framework, the proposed refinements, and OBSI's limitation period, and will take comments into consideration. The CSA received comments about OBSI's six-year limitation period, given that some jurisdictions have a two-year limitation period. Commenters provided a range of views around time limits. The CSA is not proposing to change OBSI's six-year limitation period at this time. This consultation provides additional background about OBSI's limitation period and invites comments about it. In Québec, the Autorité des marchés financiers (AMF) is participating in the CSA consultation by proposing to maintain the exemption applicable to firms registered in Québec regarding dispute resolution services requirements. While OBSI would not be designated or recognized in Québec, OBSI's non-binding services would remain available in Québec along with the conciliation and mediation services that the AMF provides, pursuant to its governing legislation, to consumers of financial products and services, including retail investors. For media inquiries, please contact: For investor inquiries, please contact your local securities regulator.
Cision Canada
12-07-2025
- Business
- Cision Canada
Clara Technologies Clarifies Disclosures at the Request of the BCSC
VANCOUVER, BC, July 11, 2025 /CNW/ - Clara Technologies Corp. (the " Company") (CSE: CLTE) (WKN: A3E4MS) announces today that at the request of the British Columbia Securities Commission (the " BCSC"), the Company wishes to clarify statements made in its July 7 news release and warn investors about unrelated third-party promotional activities. Further to the Company's news release dated July 7, 2025, the Company would like to clarify that the Australian software firm that the Company has engaged for a 14-month strategic development relationship focused on building out the Company's Sales Buddi platform is Code Heroes Pty Ltd. In the same press release, the Company also stated that its Sales Buddi mobile application (" Sales Buddi") is now available on the Apple App Store and Google Play Store. The Company considers the initial user adoption and technical performance of Sales Buddi encouraging given there has been minimal technical issues and functionality disruptions and the absence of any formal marketing or promotion of the app to date. The Company has not yet initiated any sales or marketing activities for Sales Buddi. The Company also wishes to clarify its recent press releases which refer to Sales Buddi as an "artificial-intelligence-powered mobile sales coaching platform", "Quantum AI Sales platform", "AI-powered" and "quantum enhanced AI". The current version of Sales Buddi incorporates artificial-intelligence technology but not quantum computing. Quantum computing is still generally being developed and is therefore not yet incorporated in Sales Buddi. Once commercially viable, Sales Buddi plans to incorporate quantum computing to improve its speed and efficiency. The BCSC made the Company aware of two electronic articles (the " Articles") published by Guardian Globe entitled " Here is Why This Quantum Computing Stock Could Surge 300%"; and (2) an article from Global Gazette on June 28 entitled " Quantum Gold Rush: One Under-the-Radar Tech Stock That Can Leap 300%". Prior to receiving copies of the Articles from the BCSC, the Company was unaware of these Articles. The Articles included speculative statements and failed to include important disclosures including, but not limited to, risk factors and forward-looking statements typically provided in the Company's official materials and that the Company's app Sales Buddi does not include quantum computing. The Company believes that the Articles may be misleading to investors and disclaims any responsibility for their content, creation, or distribution. To the best of the Company's knowledge, no officers, or directors of the Company, and none of its service providers were involved, directly or indirectly, in the creation, dissemination or payment for the Articles. The Company strongly discourages reliance on any third-party materials that are not sourced from official disclosures filed on SEDAR+ ( or issued via authorized newswire distribution channels. Investors are encouraged to consult licensed investment professionals and to rely only on the Company's official filings and news releases when making investment decisions. To date, the Company has not engaged in any promotional, marketing or investor relations activities. For more information about Clara Technologies Corp. and Sales Buddi, please visit On Behalf of the Board of Directors of Clara Technologies Corp.: Gerald Tritt Director (604) 671-4799 [email protected] Forward-Looking Statements; Disclaimers: This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. All statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future. Forward-looking statements in this news release include, but are not limited to the strategic development relationship with Code Heroes Pty Ltd., the performance, adoption and development of Sales Buddi, the incorporation and advancement of artificial intelligence or quantum computing technologies into Sales Buddi, the Company's business strategy and growth prospects. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. No assurances can be made that the Sales Buddi product will generate revenue for the Company. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The Company does not undertake any obligation to update such forward ‐ looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.
Yahoo
12-07-2025
- Business
- Yahoo
Clara Technologies Clarifies Disclosures at the Request of the BCSC
VANCOUVER, BC, July 11, 2025 /CNW/ - Clara Technologies Corp. (the "Company") (CSE: CLTE) (WKN: A3E4MS) announces today that at the request of the British Columbia Securities Commission (the "BCSC"), the Company wishes to clarify statements made in its July 7 news release and warn investors about unrelated third-party promotional activities. Further to the Company's news release dated July 7, 2025, the Company would like to clarify that the Australian software firm that the Company has engaged for a 14-month strategic development relationship focused on building out the Company's Sales Buddi platform is Code Heroes Pty Ltd. In the same press release, the Company also stated that its Sales Buddi mobile application ("Sales Buddi") is now available on the Apple App Store and Google Play Store. The Company considers the initial user adoption and technical performance of Sales Buddi encouraging given there has been minimal technical issues and functionality disruptions and the absence of any formal marketing or promotion of the app to date. The Company has not yet initiated any sales or marketing activities for Sales Buddi. The Company also wishes to clarify its recent press releases which refer to Sales Buddi as an "artificial-intelligence-powered mobile sales coaching platform", "Quantum AI Sales platform", "AI-powered" and "quantum enhanced AI". The current version of Sales Buddi incorporates artificial-intelligence technology but not quantum computing. Quantum computing is still generally being developed and is therefore not yet incorporated in Sales Buddi. Once commercially viable, Sales Buddi plans to incorporate quantum computing to improve its speed and efficiency. The BCSC made the Company aware of two electronic articles (the "Articles") published by Guardian Globe entitled "Here is Why This Quantum Computing Stock Could Surge 300%"; and (2) an article from Global Gazette on June 28 entitled "Quantum Gold Rush: One Under-the-Radar Tech Stock That Can Leap 300%". Prior to receiving copies of the Articles from the BCSC, the Company was unaware of these Articles. The Articles included speculative statements and failed to include important disclosures including, but not limited to, risk factors and forward-looking statements typically provided in the Company's official materials and that the Company's app Sales Buddi does not include quantum computing. The Company believes that the Articles may be misleading to investors and disclaims any responsibility for their content, creation, or distribution. To the best of the Company's knowledge, no officers, or directors of the Company, and none of its service providers were involved, directly or indirectly, in the creation, dissemination or payment for the Articles. The Company strongly discourages reliance on any third-party materials that are not sourced from official disclosures filed on SEDAR+ ( or issued via authorized newswire distribution channels. Investors are encouraged to consult licensed investment professionals and to rely only on the Company's official filings and news releases when making investment decisions. To date, the Company has not engaged in any promotional, marketing or investor relations activities. For more information about Clara Technologies Corp. and Sales Buddi, please visit On Behalf of the Board of Directors of Clara Technologies Corp.: Gerald TrittDirector(604) 671-4799IR@ Forward-Looking Statements; Disclaimers: This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. All statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future. Forward-looking statements in this news release include, but are not limited to the strategic development relationship with Code Heroes Pty Ltd., the performance, adoption and development of Sales Buddi, the incorporation and advancement of artificial intelligence or quantum computing technologies into Sales Buddi, the Company's business strategy and growth prospects. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. No assurances can be made that the Sales Buddi product will generate revenue for the Company. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law. The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release. SOURCE Clara Technologies Corp. 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Globe and Mail
12-07-2025
- Business
- Globe and Mail
Clara Technologies Clarifies Disclosures at the Request of the BCSC
VANCOUVER, BC, July 11, 2025 /CNW/ - Clara Technologies Corp. (the " Company") (CSE: CLTE) (WKN: A3E4MS) announces today that at the request of the British Columbia Securities Commission (the " BCSC"), the Company wishes to clarify statements made in its July 7 news release and warn investors about unrelated third-party promotional activities.
Globe and Mail
04-07-2025
- Business
- Globe and Mail
QUANTUM BATTERY METALS Issues Clarifying Disclosure
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2025) - Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVF) (FSE: 23B0) ("Quantum" or the "Company") announces that as a result of a continuous disclosure review by the British Columbia Securities Commission ("BCSC"), the Company is providing the following updates and clarifications to its previously disclosed information. Acquisition of the Calico Jack Property Transaction Details: The Company disclosed the acquisition terms in its news release dated October 7, 2024. The transaction involves the issuance of 6 million shares to acquire 1500643 B.C. Ltd., which owns the Calico Jack Property. The acquisition resulted in a 48% dilution to existing shareholders. Clarifications on Calico Jack Property Acquisition: The shareholders of 1500643 B.C. Ltd. at the time of incorporation and immediately prior to the acquisition are all arm's length. The Company will not be paying finder's fees in regards to the acquisition and does not anticipate any change in management following the acquisition. The company determined the number of shares to be issued by comparing the land package to previous acquisitions of the Company and similar properties within the area. The Company notes that the form 9 that was issued on October 7, 2024 indicates that the company had entered into the share exchange agreement on October 1, 2024. The Company confirms that the news release dated October 7, 2024 as filed on SEDAR+ on February 20, 2025, is correct in which the Company has successfully negotiated terms to proceed with a share exchange agreement, and at the Company has not yet signed the share exchange agreement. The Company expects to sign the share exchange agreement following BCSC disclosure review in which they expect to close the transaction within a month of signing the share exchange agreement. Information regarding 1500643 B.C. Ltd. 1500643 was incorporated on September 6, 2024. 1500643 acquired the Calico Jack property on September 6, 2024. 1500643 will acquire the Calico Jack property through an asset assignment agreement with its five shareholders in conjunction with the closing of property acquisition with Quantum. The individual shareholders of 1500643 currently have option rights with Caprock Ventures Corp ("Caprock") in which they assign their rights to the option. 1500643 did not incur any fees to develop the property after its acquisition of the property and prior to the acquisition by the Company. Shareholders of 1500643 acquired the Calico Jack property from Caprock Ventures Corp. ("Caprock") through an asset purchase agreement dated August 1, 2024, after which they incorporated 1500643. The Shareholders of 1500463 will pay $300,000 to the original vendor Caprock at the closing of the company's acquisition of 1500643 Completed Acquisitions Material Change Reports and Business Acquisition Reports: The Company acknowledges that it had not previously filed material change reports and business acquisition reports for several completed acquisitions, including Hook's Harbour, Lac Mistumis, Rose West, Nipissing Loraine, and Rabbit Lake properties. The Company has now filed any appliable material change reports and material agreements on SEDAR+. The company expects to file the business acquisition reports following an audit of the subsidiaries. Finder's Fees: The Company disclosed that finder's fees of $31,500 and $35,000 were paid in connection with the acquisitions of the Kahuna Cobalt and Rabbit Lake Properties, respectively. The Company would also like to further disclose the license issuance date, expiry date and required annual work required for each of its properties Property Issuance Date Expiry Date Work required annually Copper Coffer 2021-10-17 2026-10-17 $6,000.00 Alba and Kelso 2016-06-22 2026-06-21 $75,150.00 Hook's Harbour 2021-10-17 2026-10-17 $6,500.00 Kahuna 2018-04-10 2026-04-10 $22,600.00 Lac Mistumis 2021-07-22 2026-07-21 $7,785.00 Nipissing Lorrain 2018-04-10 2026-06-28 $7,800.00 Rabbit 2018-04-10 2026-04-09 $26,400.00 The Company has arranged its payments and work filings to keep the properties in good standing this year. In regards to the Rabbit Lake property, the company intends to hold the property despite disappointing results over the last two exploration programs (2021/2022), and no further work is recommended at this time by the geologist team. Exploration Activities Project Delays: The Company's planned exploration programs were delayed due to the unexpected closure of its prior geologist consultant, Longford Exploration. The Company found that Longford ceases to be operational in June 2023. Transitioning to a new geologist team required time for familiarization with the properties. Exploration plans for Hook's Harbour Copper Property, initially set for September 2023, were not executed. Corporate Governance and Audit Committee Mr. David Jenkins serves as the Chair of the Audit Committee, accompanying him on the audit committee is David Greenway, and Von Torres. Mr. Jenkins and Mr. Greenway are considered independent and Mr. Torres is considered not independent. The Company's current directors are Quinn Field-Dyte, David Greenway, David Jenkins, and Von Torres. Investor Relations Activities Marketing Agreements: The Company disclosed terms of its agreements with promotional service providers, including Media Relations Publishing, Carsten Schmider, and Affiliate Marketing, in news releases dated March 19, 2021, August 29, 2023, and December 28, 2023. The Information for Media Relations Publishing/Carsten Schmider is: Carsten Schmider Marie Curie Str. 3 50321 Bruhl hello@ +49 176 / 702 44 313 The Company used Media Relations Publishing/Carsten Schmider from March 19, 2021 to August 25, 2023 intermittently. The Company announced on December 28, 2023, that it would be using Affiliate Marketing for advertising and marketing services. The Company did not proceed with using Affiliate Marketing. Quantum remains committed to ensuring transparency and regulatory compliance. The Company will continue to work closely with the BCSC and other regulatory authorities to address outstanding comments and provide updates as necessary. QUANTUM BATTERY METALS CORP. "Quinn Field-Dyte" _______________________ Quinn Field-Dyte Interim CEO, CFO and Director Contact Information: 400 - 837 West Hastings Street Vancouver, British Columbia V6C 3N6 Phone: 604.629.2936 Email: Info@ Forward-Looking Information This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Quantum Battery Metals Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
