Jul 25, 2023

Company and six directors orchestrated $46-million pump-and-dump stock scheme, BCSC alleges Back to video Core Capital Partners Inc. brands itself as a provider of merchant banking services for emerging companies, claiming to have raised, invested and co-invested more than $540 million since 2005, said the BCSC in a notice of hearing released Monday. Article content “The BCSC alleges that Core Capital and the six people associated with it concealed their control of the issuers; coordinated and caused the issuers to distribute misleading news releases; arranged for the publication of misleading promotional campaigns; and sold their shares of the issuers during the promotional periods, for net proceeds of about $46 million,” read the notice. According to the BCSC allegations, which have not been proven in court, the scheme was carried out from 2017 to ’19 with: Westcoast Homes Stay on top of the latest real estate news and home design trends. Every Friday at 10 a.m. Email Address Sign Up By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 Thanks for signing up! A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Westcoast Homes will soon be in your inbox. We encountered an issue signing you up. Please try again Article content Article content • Reliq Health Technologies Inc., formerly known as Moseda Technologies Inc., a health-care technology company, whose shares trade on the TSX Venture Exchange; • Block One Capital Inc., formerly Essex Angel Capital Inc. and now known as AI Artificial Intelligence Ventures Inc., an investment issuer in Vancouver; • And CNRP Mining Inc., now known as LEEF Brands Inc., a Vancouver mining company whose shares traded on the Canadian Securities Exchange and were quoted on U.S. over-the-counter markets. In 2018, the Core Capital associates caused CNRP to change its name to Integrated Cannabis Company, Inc. Core Capital is the key respondent along with: • Kamaldeep Thindal of Langley, the managing partner and sole director of Core Capital; Advertisement 4 Article content • Yazan Al Homsi of Vancouver, formerly Core Capital’s vice-president of investments; • Pardeep Luddu of Delta, an associate with Core Capital; • Aarun Kumar, aka Aaron Rai Kumar, of Vancouver, Core Capital’s vice-president of corporate development; • And Mani Chopra of West Vancouver, a retired securities lawyer with no official title at Core Capital, and Kumar’s uncle. The BCSC claims Core Capital and the six individual respondents violated the Securities Act with their conduct related to Reliq, Block One and CNRP/Integrated, “and that they knew — or reasonably should have known — that such conduct would result in or contribute to a misleading appearance of trading activity, or an artificial price for a security or exchange contract.” Advertisement 5