Toronto, Ontario--(Newsfile Corp. - September 25, 2014) - Added Capital Inc. (TSXV: AAD) ("Added" or the "Company") today announced that the Ontario Securities Commission (the "Commission") issued an order staying the sanctions and costs pertaining to Vic Alboini ("Vic") and Northern Securities Inc. ("NSI") for 90 days from the September 11, 2014 date the Commission issued its sanctions and costs order.
Vic and NSI filed an appeal of the Commission's merit decision dated December 19, 2013. Vic and NSI intend to file an Amended and Restated Notice of Appeal with the Divisional Court taking into account the Commission's sanctions and costs order. The appeal must be filed by October 11, 2014 in order to continue the stay.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Added Capital Inc.
Added Capital Inc. is a financial advisory firm and merchant bank, with a specialization in mergers and acquisitions, merchant banking investments, risk arbitrage merger and acquisition investments, financial restructurings, proxy solicitation and information agent services.
FOR FURTHER INFORMATION PLEASE CONTACT:
Vic Alboini
Chief Executive Officer
647 352-8180
