Borrowing – PCCMPH Fri, 28 May 2021 05:50:44 +0000 en-US hourly 1 Borrowing – PCCMPH 32 32 RM Secured Direct Lending pays dividends and changes direction of investments Wed, 07 Apr 2021 23:16:15 +0000

RM Secured Direct Lending (RMDL) announced dividend payout for investors and a new portfolio target in a busy annual statement.

Despite “difficult” market conditions in 2020, RMDL saw its gross portfolio yield rise to 9.3%, while the net asset value (NAV) for the year was 93.25 pence.

This represents a total NAV of 3.15% for the year, compared to 8.2% for the year ending December 31, 2019. Shareholders have been informed that they will receive a dividend of 6.5 pence. , to be paid by the end of March 2021.

Read more: Secure P2P lenders weather the midst of the crisis

In its annual results, the investment trust – which specializes in secured debt investments – revealed that it will focus on the social and environmental infrastructure sectors in the future.

The company also said it will provide shareholders with a liquidity opportunity ahead of its annual general meeting later this year.

“The Board of Directors is pleased to announce a resilient year for RMDL in an unprecedented market environment,” said Norman Crighton, President of RMDL.

“We entered 2021 in a strong position and with a high quality pipeline of secured loan opportunities. The Board has every confidence in the long term future of RMDL and in our ability to meet the needs of our shareholders. “

Crighton added that the board of directors and the investment manager quickly anticipated and reacted to the effects of the pandemic, halting new loans in March 2020 and join the Coronavirus Business Interruption Loan Program (CBILS). The company’s annual results showed that 12 percent of its portfolio NAV was invested in CBILS-eligible loans last year.

“This year… has been the most difficult to date, but I am delighted with the resilience the portfolio has demonstrated,” Crighton said in a statement to shareholders.

Read more: What’s the next step in reducing trust space for P2P investments?

“The dividends for 2020 are in line with the target set when the company was launched, an exceptional achievement in a difficult year.”

Crighton added that RMDL will focus on social and environmental infrastructure over the next three years.

“We have always adhered to the highest standards of corporate governance and expect the same from the companies we lend to,” he said.

“Over the past four years, social and environmental infrastructure projects have been the focus and the company has allocated 40% of its capital to assets in these areas. The advice and [the investment manager] now plans to focus investment on social and environmental infrastructure over the next three years. “

RM will allocate loans only in six areas: energy efficiency and reduction of carbon emissions; clean energy and renewable energies; Waste Management; social housing, education and childcare, and health care.

“In a challenging market environment, RMDL’s performance has been reasonably strong,” Numis analysts said.

Read more: Government loan programs provide more than £ 75 billion to businesses

“There are still a few struggling assets, but that would be expected given a difficult environment and the loans appear to have been structured to protect the position of debt holders. The mark-to-market approach has had an impact on valuations, so there is room for some recovery as economies reopen in 2021.

“We believe RM has a proven track record as one of the highest quality managers in the listed direct lending industry.”

In a separate note to the market, RMDL announced that its ZDP shares are expected to come to the end of their three-year term on April 6, 2021 with a final payable capital entitlement of approximately £ 12.1million.

The board announced that alternative funding for the ZDPs has been agreed through a new £ 12million loan facility with OakNorth Bank. This loan facility may be repaid in whole or in part by RMDL at any time during its term without penalty. On a pro forma basis, it is expected to add about 0.5 percent per year to total business performance.

Read more: Funding Circle to launch more products and continue to offer government guaranteed loans

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Late payments and credit scores can predict dementia Wed, 07 Apr 2021 23:16:05 +0000

Problems with paying bills and managing personal finances were evident years before a diagnosis of dementia, retrospective data has shown.

As early as 6 years before being diagnosed with dementia, people with Alzheimer’s disease and associated dementias were more likely to miss payments on a credit account than their peers without dementia (7.7% vs. 7.3 %; absolute difference 0.4 percentage point, 95% CI 0.07-0.70), reported Lauren Hersch Nicholas, PhD, MPP, Johns Hopkins University in Baltimore, and coauthors.

They were also more likely to develop subprime credit scores 2.5 years before their diagnosis of dementia (8.5% vs. 8.1%; absolute difference 0.38 percentage point, 95% CI 0.04-0 , 72), wrote the researchers in JAMA Internal Medicine.

Higher late payment and subprime credit rates persisted for at least 3.5 years after a diagnosis of dementia.

“Our study provides the first large-scale evidence of financial symptoms in Alzheimer’s disease and associated dementias using administrative financial records,” Nicholas said.

“These findings are important because they highlight a new source of data – consumer credit reports – that can help detect the early signs of Alzheimer’s disease,” she said. MedPage today. “While doctors have long believed that dementia is present in the checkbook, our study shows that these financial symptoms are common and extend for years before and after diagnosis, suggesting an unmet need for help with money management. “

Irregular bill payments, risky financial decisions, and vulnerability to fraud are widely recognized as early signs of dementia. In recent research, low awareness of scams predicted incidental cognitive impairment, suggesting that changes in judgment may occur years before the memory or thinking impairments become evident

In their study, Nicholas and colleagues linked the results of consumer credit reports from 1999 to 2018 to data on claims from 81,364 Medicare beneficiaries living in one-person households. Researchers used the Federal Reserve Bank of New York’s Equifax consumer credit panel The data to look for two indicators of deterioration in financial management: late payment (30 days or more late) and subprime credit scores (620 or less on the Equifax Risk Score, which summarizes the expected risk of default on loans over the next 24 months based on credit history).

A total of 27,302 Medicare beneficiaries in the study were diagnosed with dementia from 1999 to 2014 (the mean age was 79 and about 69% were female) and 54,062 did not (l (average age was 74 and 67% were female). Dementia was defined by diagnostic codes for Alzheimer’s disease and associated dementias. Single beneficiary households were chosen so that cognitively normal spouses did not obscure the links between dementia diagnoses and financial outcomes.

The links between overdue payments and dementia accounted for 5.2% of arrears 6 years before diagnosis and 17.9% of arrears 9 months after diagnosis. In the quarter following diagnosis, people with dementia were still more likely to miss payments (7.9% vs. 6.9%) and were more likely to have subprime credit scores (8.2% vs. 7.5 %) compared to people without dementia. Trends in adverse financial events related to dementia diagnoses have not been observed in other medical conditions such as arthritis, glaucoma or hip fracture.

Rising delinquency and subprime credit rates were more prevalent among single Medicare beneficiaries in census tracts with lower education levels. For people with dementia in lower education sectors, late payment rates were higher almost 7 years before diagnosis; for people in higher education sectors, high rates were evident 2.5 years before diagnosis.

The consumer credit industry is indeed making money from Alzheimer’s disease and dementia, observed Jason Karlawish, MD, of the University of Pennsylvania in Philadelphia, in a report. accompanying editorial.

About 80% of the overdue credit payments in the study were missed payments on credit card bills, Karlawish noted. “Credit card companies have legal protection to charge jaw-dropping fees and interest rates for late payments and unpaid balances, respectively,” he wrote.

But it doesn’t have to be, he stressed: “There is no reason why artificial intelligence cannot learn from financial transactions and smart devices that their natural user, a human like you. and me, is not as smart as we used to be in managing our money, and also how we deal with other cognitively demanding real life behaviors, such as the use of transport and technologies such as the stove, smartphone, remote control and computer. “

“This approach could have a significant effect on our individual and national well-being,” he added. “Cognitive impairment leads to loss of wealth, and wealth is one of the social determinants of health and disease.”

The study had several limitations, noted Nicholas and his co-authors. Only Medicare beneficiaries with a claim that had a diagnostic code for Alzheimer’s disease and associated dementias were considered to have dementia; people diagnosed with dementia outside of the Medicare system (for example, in a veterans’ clinic) may not have been included. Only fee-for-service Medicare beneficiaries were studied. The late payment measure was limited to debts reported to the credit bureaus and excluded utility, rent and medical collection accounts.

  • Judy George covers neurology and neuroscience news for MedPage Today, writing about aging brain, Alzheimer’s disease, dementia, MS, rare diseases, epilepsy, autism, headaches , strokes, Parkinson’s disease, ALS, concussions, CTE, sleep, pain, etc. To pursue


The study received funding from the National Institute on Aging and the Social Security Administration Retirement Research Consortium through the University of Michigan Center for Retirement Research Award.

Researchers reported funding from the National Institute on Aging, the Social Security Administration, the Alzheimer’s Association, the National Institute of Diabetes and Digestive and Kidney Diseases, the National Center for Complementary and Integrative Health, the Donaghue Foundation and the State of Michigan Department of Health and Human Services.

Karlawish reported grants from Lilly, Inc. and Novartis.

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The impact of Covid19 on the peer-to-peer (P2P) lending market is expected to grow dynamically by 2027 Wed, 07 Apr 2021 23:15:53 +0000

Peer-to-Peer (P2P) Lending Market to 2027 – Global Analysis and Forecast

Global Peer-to-Peer Lending (P2P) Market Researchers investigating the organization of the report lead us to give our clients a comprehensive and top-down review of the Peer-to-Peer Lending (P2P) market or industry, along with its key factors, for example, market diagram and its overview, pie elements, restrictions, drivers, local review, players, serious elements, division, and much more. The Peer-to-Peer (P2P) Lending Market insights introduced in this report are acquired based on few strategies, for example, PESTLE, Porter Five, SWOT Review, Effect of Coronavirus / Coronavirus Updates of Lending peer to peer (P2P), and others.

Some of the major players in the peer-to-peer (P2P) lending market:

Commonbond Inc, Daric Inc, Funding Circle Limited, Lendingclub Corporation, On Deck Capital Inc, Peerform Inc, Prosper Marketplace Inc, Social Finance Inc, Upstart Network Inc, Zopa Bank Limited

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The Global Peer to Peer (P2P) Lending Market research report offers an in-depth analysis of the global market, providing relevant information for new market entrants or established players. Some of the key strategies employed by the major key players operating in the market and their impact analysis have been included in this research report.

Segmentation by product type:

  • Consumer credit loans
  • Small business loans
  • Student loans
  • Mortgage loans

Segmentation by application:

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The peer-to-peer (P2P) lending market provides market size and forecast estimates from 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The peer-to-peer lending market in each region is then sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Basics of the table of contents:

1 Report overview
1.1 Scope of the study
1.2 Key market segments
1.3 Players covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study objectives
1.7 years considered

2 Trends in global growth
2.1 Size of the peer-to-peer (P2P) loan market
2.2 Growth Trends in Peer-to-Peer Lending (P2P) by Region
2.3 Industry trends

3 Market share by major players
3.1 Peer-to-Peer (P2P) Lending Market Size by Manufacturers
3.2 Peer-to-peer lending (P2P) Key players Head office and area served
3.3 Key players in the peer-to-peer (P2P) lending product / solution / service
3.4 Date of entry into the peer-to-peer (P2P) loan market
3.5 Mergers and acquisitions, expansion plans

4 Breakdown data by product
4.1 Global Peer-to-Peer Loan (P2P) Sales by Product
4.2 Global Peer-to-Peer (P2P) Loan Revenue by Product
4.3 Price of peer-to-peer (P2P) loans by product

5 Breakdown data by end user
5.1 Overview
5.2 Global Peer-to-Peer (P2P) Lending Breakdown Data by End User

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5 tips to help you find the perfect tenants Wed, 07 Apr 2021 23:15:42 +0000

The most important part of becoming a successful, profitable landlord is finding the right tenants. When you have unreliable or destructive tenants, being owner can quickly turn into a nightmare.

When you find the right tenants, you can be sure that your property will be well maintained and that you will always be paid on time.

It can be easy to pick the first app on the top of the pile so you can start making money with your property, but it could cost you money in the long run. Without using the right tools and taking your time choosing the right tenant, you could end up wasting money.

Going through a rental app is just one step in finding the right tenant. Let’s take a look at a few steps you can take to find the perfect tenant for your property.

Credit check

Checking each candidate’s personal and credit history is an essential part of the decision-making process. You can request a copy of each applicant’s credit report with their permission. General credit reports will give you an overview of past due debts, outstanding loans that could increase the burden on tenants and if they pay their bills on time. A general credit report does not list any rental payment history, and landlords must pay extra for this vital information.

It should be a priority to make sure that any potential tenant has a clean criminal record. You don’t want to end up with someone with a checkered past or present living on your property. Criminal background checks can be obtained from your local police department for a fee.

Security deposit

A the owner’s biggest expense includes repairing damage to their property caused by former tenants. Requesting a refundable security deposit can help offset this expense. In many cases, if damage has been caused to the property, the security deposit will cover the cost of the repairs and is not refundable.

Face to face meeting

Thanks to the power of technology, the search for the perfect tenant can be made much more accessible. However, never underestimate the power of a first impression. Once your survey is complete, you should invite your top candidates to an in-person meeting. You will be able to get a better idea of ​​the right candidate for your property after meeting them.

Hire a manager

Sorting through hundreds of rental requests can be an overwhelming process. Many landlords prefer to entrust the selection of new tenants to a professional property management company. These companies specialize in finding suitable tenants for your property and can save you time and money during the application process.

Check references

Your top candidates may have a near-perfect application and have made a great impression in person, but it’s always crucial to complete your due diligence. Always ask for at least two personal references with a recommendation from a previous owner. Take the time to make a few reference calls to make sure all of your information is correct.

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Lima mayoral candidate Smith facing legal action Wed, 07 Apr 2021 23:15:42 +0000

LIMA – Mayoral candidate Sharetta Smith has a history of civil lawsuits against her, according to The Lima News court records obtained from Lima, Toledo and Chattanooga, Tennessee.

Smith told the newspaper the lawsuits were the result of several things – poor decisions made as a young adult, her struggle to improve by getting a college education, and health issues involving herself and her children. She said she did not shirk her responsibilities by repaying that debt and fully disclosed her financial difficulties to the Tennessee Supreme Court when she sought a legal license, which she granted.

“Some would say that my personal financial difficulties disqualify me from public service. I disagree, and I believe the 80% of Americans in debt – the four in five Americans who also owe money – would also disagree. I fully disclosed my debts and lawsuits in my application to practice law in Tennessee. After reviewing my disclosures, the Tennessee Supreme Court granted me a license to practice law, ”Smith said in a statement to the Lima News.

Before returning to Lima, Smith served as a magistrate in Chattanooga. Previously, the Perry High School graduate admitted that she struggled while living in Lima. She wrote about these challenges in a February 5, 2016 column under the headline – “I love Lima, but I can’t pretend.” It was published as part of a week-long series in The Lima News: “Lima: In black and white”.

In that column, Smith noted: “As a young adult I made mistakes – pregnant at 18; three children at the age of 21, all born out of wedlock. I lived in Section 8 housing, bought groceries with food stamps, and ran to LACCA to get my electricity paid for when I ran into more than a month that money. I started college, quit, then started over. I have repeatedly sought opportunities to create a different life for myself and my children. But I couldn’t find this life in Lima.

She finished college and got a law degree, but it comes at a cost.

“I graduated with about $ 40,000 to $ 50,000 in debt, then went to law school and racked up more debt to pay for my law school. I had living expenses, I was able to repay my student loans and look after my children. I know, then people will say, “well, she’s a lawyer” and I was only making $ 42,000 a year, and even as a magistrate, I was only making $ 60,000. Besides being a single mom with three kids, I was also diagnosed with cancer when I didn’t have health insurance, and so the medical bills you see are a result of the need to follow up. medical treatment and these were satisfied. Not only did I have medical bills, but one of my children also has a chronic illness (sickle cell anemia), ”Smith said. “Not only have sickle cell anemia and cancer had a huge impact on our health, they’ve also had a huge negative financial impact,” Smith said.

During her journey to become Chief of Staff to Mayor David Berger, she faced many legal challenges.

“I have unpaid debts. I take full responsibility and am grateful that most of these bills have now been paid and I have entered into payment plans to reimburse the others. I have never ignored my responsibilities and I have never filed for bankruptcy. However, I will meet my obligations slowly but surely, ”said Smith.

Smith brought a civil action against her in Perrysburg City Court in April 2003. The Toledo Clinic sued for a judgment of $ 842.

“In all likelihood, it was probably a medical bill for my child,” Smith said.

Jefferson Capital Systems LLC, a collection agency, also filed a lawsuit in Perrysburg City Court against it in June 2020. They were looking for $ 10,592, but that case was dismissed in February this year for “lack of prosecution.” .

Smith was the subject of two civil lawsuits against her in Toledo City Court by Apple Tree Nursery School, one filed in October 2004, asking for $ 3,877 plus court costs and the other in February 2006. The two lawsuits were dismissed without prejudice to the plaintiff’s expense for lack of service as she did not receive papers because she had moved from her former home.

“I wasn’t aware that was hanging out there,” Smith said.

A Lima court records check indicates a few civil lawsuits filed in 2006, one from The Learning Castle Day Care, the other – an eviction judgment filed by the Allen Metropolitan Housing Authority.

In the Learning Castle Day Care case, a judgment of $ 561 was ordered against Smith, which she paid.

In Tennessee, attorney Kenneth Rannick sued Smith in April 2008 and got a judgment of $ 800, which she paid

In a lawsuit brought by Erlanger Health System in December 2011, Smith was ordered to pay $ 11,710, which she paid.

Erlanger Health System filed another lawsuit against Smith in March 2014, where she was ordered to pay $ 636, which she did.

First Heritage Credit filed a complaint in March 2015 for $ 4,147 which it also paid.

In a lawsuit filed by David Lyons in May 2015, Smith was ordered to pay $ 6,250. This case is listed as “pending” in court documents.

“I understood that there was nothing special about me,” Smith said.

Smith apparently still faces two other pending lawsuits, one filed by Erlanger Health System in January 2016. The last entry on this case dates back to February 2017, stating “Return-D1-NOT FOUND HOUSE IS VACANT”.

“I was told exactly what you – say they tried to serve me. And, I wasn’t living there at the time, I had moved back to Ohio, ”Smith said.

Another lawsuit was filed in October 2017 by Stone River Inc., assignee of Crest Financial Services LLC. The last court entry was submitted in February 2018 as “Return-D1-NOT FOUND”.

“I also called this Crest Financial Services. I have no idea who they are. I checked them out on Better Business Bureau – they have about 32 complaints, and the phone number listed is offline. And that also says that they are bankrupt. So I don’t know what it is, ”Smith said.

At one point, Smith’s car was also picked up from the parking lot at Lima Municipal Center.

“Yeah, but I ended up getting my car back. He was behind on the payments, ”Smith said.

Smith’s financial difficulties were a learning experience for him.

“As a candidate for mayor, I know I have lived a busy life with issues that regular workers face every day. I am fully committed to doing everything in my power to fight so that we all have a fair chance to have a decent quality of life, ”said Smith.

Lima mayoral candidate Sharetta Smith said she faced financial and health hurdles “without feeling sorry for myself, without blaming others and without cursing my fate.” – Page 5A

Contact Sam Shriver at 567-242-0409.

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Volition Rx Limited receives $ 4 million in non-dilutive financing to support the development of Belgian operations Wed, 07 Apr 2021 23:15:42 +0000 The additional funding consists of a cash grant of $ 1.3 million and $ 2.7 million in loans from the Walloon Region and Namur Invest, Belgium

VolitionRx Limited (NYSEAMERICAN: VNRX) said on Wednesday it had received an additional $ 4 million in non-dilutive funding from a Belgian region.

The funds will be used to develop the epigenetics company’s Silver One production facility in Belgium, where the Austin, Texas-based company is working on diagnostic blood tests.

Volition said the additional funding consists of a cash grant of $ 1.3 million and $ 2.7 million in loans from the Walloon Region and Namur Invest, Belgium.

READ: VolitionRx welcomes veterinary centers from US executive Tom Butera to its board of directors

To date, the group has received around $ 13 million in non-dilutive funding from agencies in the Walloon region of the country.

Volition CEO Cameron Reynolds told shareholders that non-dilutive financing is a key part of the company’s financing strategy, as it provides additional liquidity on favorable terms to support the continued development of the company. .

“(This) latest funding brings the total non-dilutive funding to date from all sources to over $ 15 million,” Reynolds said in a statement. achieve many milestones throughout this year. “

Funding Details

The funding consisted of a € 1.1 million ($ 1.3 million) grant from the Walloon Region to help support a project that examines epigenetic changes in nucleosomes associated with cancer.

A loan of 929,432 euros ($ 1.1 million) from the Walloon Region will be used for research and technology transfer for the production of recombinant nucleosomes. The reimbursement conditions are divided into two parts: the independent reimbursement of income (limited to 30% from 2022 to 2036) and reimbursement income dependent on 4.34% of the income generated on this product from launch until 2036.

Another unsecured loan from the Walloon Region of 495,000 euros (600,000 USD) will support the analysis of tumor DNA using an innovative method of nucleosomal immunoprecipitation. The repayment terms are also divided into two parts: the independent repayment of income (limited to 30% from 2023 to 2034) and the repayment income dependent on 2.89% of the income generated on this product from launch until 2032.

Namur Invest also granted a loan of 830,000 euros ($ 1 million) to support the purchase and modernization of the Silver One production plant. The loan bears interest at 4% and is repayable over ten years ending in March 2031.

Volition’s research and development activities are concentrated in Belgium, with a small laboratory in California and additional offices in Texas, London and Singapore.

Contact Angela at

Follow her on Twitter @AHarmantas

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Financeit Named Financing Provider for Right Time Group of Companies in Canada Wed, 07 Apr 2021 23:15:41 +0000

Canadian fintech strengthens its home improvement portfolio with a new winning client

TORONTO, March 23, 2021 / CNW / – Today, Financeit, From Canada The leading provider of point-of-sale (“POS”) financing in the home improvement industry has announced a brand new partnership with Right Time Group of Companies, which is effective immediately.

Founded in 2014, Right Time is an independent Canadian leader in heating, ventilation and air conditioning (“HVAC”) focused on the residential market. The company includes 11 brands, including Boonstra, Furnasman, Mr. Furnace, Francis Home Environment, Limcan Certified, Peel, Mersey, Home Aire Care, M&K, Moore and Russell, and the newly acquired AtlasCare. Operating on 12 sites in Ontario, Manitoba, and British Columbia, the company offers preventive maintenance programs and repairs and replacements of HVAC units.

“We are delighted to add Right Time to our growing portfolio of HVAC service providers,” said Casper wong, COO, GM and co-founder of Financeit. “Right Time is a leader in residential HVAC services Canada, and this partnership is a welcome addition to our network of over 9,000 partners. As we constantly strive to offer our clients the latest technology and the most transparent programs, we are pleased to have been selected as their exclusive funding partner in Canada to support their long-term growth strategy. “

Right Time will now have access to Financeit’s innovative technology to support its growth strategy through a comprehensive service package including preferred financing, training, support and program implementation. The strategic package offering is designed to meet the demands of Canadian clients and will provide access to instant financing through Financeit’s merchant solution.

“Financeit aligns with our values ​​of premium service and superior customer experience,” says Jeremy Hetherington, CEO and President of Right Time. “We look forward to working with this talented team to launch an exclusive financing program for our Canadian homeowners who are looking for flexible and affordable payment solutions for their immediate needs. Canada reaffirmed our decision to move forward with this partnership. ”

Financeit’s huge growth in 2020 has received numerous accolades, including the list of Canadian companies From Canada Fastest Growing Companies, The Globe and Mail’s List of From Canada Top growing companies and Deloitte’s Technology Fast 50 ™ Enterprise Fast 15 for 2020.

About Financeit
Focused on providing to Canadians Better trade for a better life, Financeit is an industry-leading point-of-sale finance provider serving the home improvement, vehicle and retail industries. Financeit’s innovative cloud-based technology makes it easy for merchants to increase closing rates and transaction size with affordable monthly or bi-weekly payment plans. The Financeit platform has a fast and transparent application process and has served over 9,000 merchant partners across Canada, with over $ 1 billion in assets under management. For more information visit

About the right time
Right Time is Canada’s leading independent heating, ventilation and air conditioning (“HVAC”) contractor focused on the residential market. Right Time now operates at 12 sites in Ontario, Manitoba, and British Columbia with over 450 employees and provides preventative maintenance programs, repairs and replacements of household HVAC units. For more information, please visit

SOURCE Financeit

For more information: Alexandra Wassell, Pomp & Circumstance PR, Email: [email protected], Telephone: 416-606-5143

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Yellowknife mother wins protracted battle to recover seized vehicle Wed, 07 Apr 2021 23:15:41 +0000

A judge from the NWT. Ordered authorities to return a Mercedes sport utility vehicle that was seized after a major drug case in Yellowknife five years ago.

Justice Andrew Mahar issued the order to the Supreme Court of the Northwest Territories on Tuesday, dismissing the Crown’s argument that Mercedes ML500 owner Norman Hache transferred ownership to his mother after it was seized to avoid having to confiscate it.

In 2017, Hache was sentenced to five years in prison for running a drug trafficking ring that, at its peak, sold 250 grams per day of crack and powdered cocaine in Yellowknife and communities in the South region. Slavic. Some of his drug trafficking was carried out through a company known as Jerrie’s Delivery Services.

The Mercedes was Hache’s daily vehicle for the three months leading up to his arrest and charge. After taking into account the time he had already served before being sentenced, he had three years of sentence left. Hache was granted full parole in 2018 and now lives in British Columbia. He was listening to Tuesday’s court proceedings over the phone.

“Can I say something at any time?” he asked for arguments towards the end.

“No, you don’t,” Mahar replied.

It was Hache’s mother, local social activist Arlene Hache, who asked the court to recover the vehicle. She said she agreed to organize the purchase and financing, with the understanding that her son would insure it and make the payments.

3 different invoices for the vehicle

Arlene Hache said that despite their agreement, her son never made a single payment. She said she had made the payments since obtaining a loan of $ 35,573 to purchase the vehicle on January 25, 2016. Hache said she continued to make payments over the five years that the vehicle was impounded and recently completed reimbursement.

Prosecutor Duane Praught noted that ownership of the vehicle had transferred from Norman Hache to Arlene Hache 10 months after her arrest and the seizure of the vehicle. Praught presented three Yk Motors invoices for the vehicle, one showing Arlene Hache as the buyer, the other showing Norman Hache as the buyer, and the other showing them both as buyers.

Arlene Hache said after purchasing the vehicle she asked the dealership if he could provide documents for her son to insure the vehicle as she feared that she would be penalized if he was caught driving intoxicated or having to pay the parking tickets he has accumulated.

Hache said she also partnered with her son in Jerrie’s delivery services, each paying $ 5,000 to buy the business. But Hache said she only did it to help him. She said she kept the books of the business, but had no hand in its daily operations. The Axes sold the company to rival Todd Dube in the months leading up to Dube’s indictment.

Prosecutor Duane Praught suggested that Arlene Hache knew her son was using their business as a front for drug trafficking.

Praught released tapes of three phone conversations between mother and son that police made as part of their drug investigation. In one, Norman Hache tells his mother that he heard that the police had broken down the door to Todd Dube’s home and arrested him and his sister, who was helping Dube with his drug trade. Praught said it was interesting that Arlene Hache did not ask why the police raided Dube’s home.

“I’m going to suggest that you didn’t ask anything about it because you know exactly why they were arrested,” Praught said.

“You can suggest it,” replied Arlene Hache. “I say no.”

Outside the courthouse, Arlene Hache said after hearing that Dube and her sister had been arrested, she immediately thought their new business was going to ‘go to the bathroom’.

“To be in the company I worked at for a long time, you have to be fairly non-judgmental,” she said. (Hache ran a women’s shelter in Yellowknife for many years.) “I wasn’t totally without judgment, but I didn’t know … it could have been spousal assault, it could have been assault, that could have been a bunch of things. “

In his ruling, Judge Mahar said he found Arlene Hache “a credible and reliable witness”, who paid around $ 41,000 for a vehicle she had never owned.

“We are talking about an expensive vehicle that was virtually unpaid at the time it was seized,” Mahar said. He said allowing authorities to take him after Arlene Hache paid him, “would result in grave injustice to Ms. Hache.”

]]> 0 Greenland Resources completes $ 8.3 million with private brokerage Wed, 07 Apr 2021 23:15:41 +0000

TORONTO, March 26, 2021 (GLOBE NEWSWIRE) – Greenland Resources Inc. (“Greenland Resources“or the”Company“) Is pleased to announce that it has completed its private placement by brokerage of 23,742,337 units of the Company (the”Units“) At a price of $ 0.35 per Unit for total gross proceeds of $ 8,309,818 (the”Offer”). Canaccord Genuity Corp. and PowerOne Capital Markets Ltd. acted as principal agents and co-bookrunners in connection with the offering. Each Unit is made up of one ordinary share in the capital of the Company (“Common share“) And a half common share purchase warrant (each whole warrant is”To guarantee”). Each warrant entitles its holder to purchase one common share at an exercise price of $ 0.60 for a period of 24 months from the date of listing of the company on a recognized Canadian stock exchange ( the “SEO”).

Greenland President Dr Ruben Shiffman said: “We welcome our new strategic and sophisticated mining investors as we believe it will be a boon to the development of the Malmbjerg molybdenum project. We also look forward to continuing to work with all concerned parties in Greenland, the residents of the town of Ittoqqortoormiit and the European Union. “

In connection with the offering, the Company paid the principal agents a cash commission equal to 7% of the gross proceeds of the offering and issued a total of 1,661,964 broker warrants. Each broker’s warrant may be exercised as a unit at a price of $ 0.35 for a period of 24 months from the date of registration of the company. Each unit of a broker’s warrant is made up of one common share and one-half of a warrant, each warrant entitling the holder to purchase one common share at an exercise price of $ 0.60 for one period of 24 months from the date of registration of the company.

The Company intends to use the net proceeds of the Offering for technical feasibility work, obtaining permits and for general working capital purposes.

About Greenland Resources Inc.

Greenland Resources is a Canadian reporting issuer regulated by the Ontario Securities Commission focused on the development of its world-class Climax pure molybdenum deposit located in east-central Greenland. The Malmbjerg molybdenum deposit has limited measured and indicated resources in the pit of 247.1 million tonnes at 0.180% MoS2, for 587 million pounds of contained metallic molybdenum (RPA, 2018). The project benefits from a 2008 feasibility study carried out by Wardrop (now Tetra Tech), an environmental and social impact study (SRK, 2007), and has already obtained an operating license in 2009. With Offices in Toronto, the company is led by a management team with extensive experience in the mining industry and financial markets. For more details, please see our website ( as well as our Canadian regulatory filings on the Greenland Resources profile at

For more information, please contact:
Ruben Shiffman, PhD Executive Chairman, President
Keith Minty, P.Eng., MBA Engineering and project management
Jim Steel, geo, MBA Exploration and mining geology
Nauja Bianco, M.Pol.Sci. Public and community relations
Gary Anstey Investor Relations
The head office Suite 1410, 181 University Av. Toronto, Ontario, Canada M5H 3M7
Phone +1 647 273 9913
the Web

CAUTION: No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained in this document. This press release contains forward-looking information which is not made up of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information contained in this press release includes, but is not limited to, the objectives, goals or future plans of the company, statements regarding the estimate of mineral resources, exploration results, plans for potential mineralization, exploration and mine development, availability of financing, timing of commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from this forward-looking information include, but are not limited to: the inability to convert estimated mineral resources into reserves; capital and operating costs varying considerably from estimates, including operating costs in remote mountainous environments; delays in obtaining or failing to obtain required government, environmental or other project approvals; political risks, uncertainties relating to the availability and costs of necessary financing in the future; changes in stock markets, inflation, changes in exchange rates, fluctuations in commodity prices; delays in the development of projects; the inability to anticipate and counter the effects of the COVID-19 pandemic on the Company’s business, including, without limitation, the effects of COVID-19 on financial markets, chain disruptions procurement of commodity prices; restrictions on labor and attendance at workplaces and travel; and other risks associated with the mining exploration and development industry. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this press release are reasonable, one should not place undue reliance on such information, which only applies as of the date of this press release. press, and no assurance can be heard that such events will occur within the stated timeframe or not at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

]]> 0 Prime Mining Corp. Announces C $ 25 Million Private Placement Purchase Funding Wed, 07 Apr 2021 23:15:41 +0000

VANCOUVER, British Columbia, April 6, 2021 (GLOBE NEWSWIRE) – Prime Mining Corp. (“Prime” or the “Company”) (TSX.V: PRYM, OTCQB: PRMNF, Frankfurt: A2PRDW) is pleased to announce that it has entered into an agreement with Desjardins Capital Markets, acting as sole bookrunner and co-director, on behalf of a syndicate of Underwriters co-led by Desjardins Capital Markets and TD Securities Inc. (the “Co-Managers” and collectively the “Underwriters”) by which the Underwriters have agreed to purchase for resale, as part of an offering bought deal, 8,475,000 Units (the “Units”)) at a price of $ 2.95 per Unit for gross proceeds of approximately $ 25,001,250 (the “Offering”). Each Unit will consist of one common share of the Company (each a “Common Share”) and one-half Common Share purchase warrant (each whole warrant is a “warrant”). Each warrant will be exercisable for one common share at an exercise price of $ 5.00 for a period of 36 months following the closing date (as defined below).

The net proceeds of the Offering will be used by the Company for the exploration and development of the Company’s Los Reyes mining property and for general corporate purposes. Prime has also been informed that Pierre Lassonde intends to participate in the Offer.

The Underwriters will have the option, exercisable at any time prior to 48 hours prior to the Closing Date, to acquire up to an additional 15% of the number of Units purchased under the Offering. The Underwriters will receive a cash commission equal to 6% of the gross proceeds of the offering.

The offering is expected to close on or about April 27, 2021 (the “Closing Date”) and is subject to certain conditions, including, but not limited to, regulatory approvals, including the conditional listing approval of the. TSX Venture Exchange.

The Units will be offered for sale by private placement in all provinces of Canada in accordance with applicable exemptions from the prospectus requirements of Canadian securities laws. Units may also be sold in jurisdictions outside of Canada as may be agreed by the Underwriters and the Company, in each case in accordance with applicable laws. The Common Shares and the warrants comprising the Units to be issued in connection with the Offering will be subject to a holding period in Canada expiring four months and one day from the closing date of the Offering.

This press release does not constitute an offer to sell securities in the United States. Securities may not be offered or sold in the United States without registration under the US Securities Act of 1933, as amended, or an exemption from such registration. The Company has not registered and will not register the securities under the US Securities Act of 1933, as amended. The Company does not intend to participate in a public offering of its securities in the United States.

About Prime Mining Corp.

Prime Mining Corp., a member of TSX Venture 50, is an ideal mix of successful mining executives, strong capital markets staff and experienced local operators who have come together to build a low cost, short term gold producer. in the historically productive Los Reyes site. project in Mexico. Prime has a well-planned capital structure with a large team and insider participation.

The TSX Venture 50 is a ranking of the top performers in each of the 5 industry sectors on the TSX Venture Exchange over the past year.


Daniel Kunz
Chief executive officer

For more information, please contact:

Daniel Kunz
Managing Director and Administrator
Prime Mining Corp.
1307 S. Colorado Ave.
Boise, Idaho 83706
Phone: +1 (208)926-6379 office
E-mail: This e-mail address is protected from spam. You must enable JavaScript to view it.

Andrew Bowering
Executive Vice President and Director
Prime Mining Corp.
1507 – 1030 West Georgia Street
Vancouver, British Columbia, V6E 2Y3
Telephone: +1 (604) 428-6128
E-mail: This e-mail address is protected from spam. You must enable JavaScript to view it.

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.

Forward-looking information

The information contained in this document may include forward-looking statements, which are forward-looking in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections regarding future events and are therefore subject to risks and uncertainties that could cause actual results to differ materially from expressed future results. or implied by forward-looking statements. . These statements can generally be identified by the use of forward-looking terms such as “may”, “should”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect” “,” believe “or” continue “, or the negative of it or similar variations. The forward-looking statements contained in this press release include statements regarding Mr. Lassonde’s ownership, the closing of the offering, regulatory approvals and the intended use of the proceeds of the offering.

While these statements reflect management’s current plans, projections and intentions, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of the Company. Readers are cautioned that the assumptions used in the preparation of this information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, one should not place undue reliance on these forward-looking statements. There can be no assurance that the above transactions will be completed on the contemplated terms, or not at all. The actual results, programs, activities and financial condition of the Company could differ materially from those expressed or implied by these forward-looking statements.

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