Market Overview

BELGRAVIA CAPITAL files complaint with OSC against Mark Appleby of Tartisan Nickel and others for what it believes are multiple breaches of the Securities Act

Share:

TORONTO, Sept. 04, 2018 (GLOBE NEWSWIRE) -- BELGRAVIA CAPITAL INTERNATIONAL INC. (CSE:BLGV) (OTCQB:BLGVF) ("Belgravia") today announced that it has filed a formal complaint letter with the Ontario Securities Commission ("OSC") setting out, in detail, with copies of documents and email correspondence, that relate to what Belgravia believes are various breaches of the Securities Act committed by, or under the direction of, Tartisan Nickel Corp. ("Tartisan") (CSE:TN) CEO, D. Mark Appleby either alone, or acting in conjunction with, other Tartisan shareholders.

Mehdi Azodi, President and CEO of Belgravia stated, "As we reviewed the shareholder lists of Tartisan in order to prepare the dissident proxy circular, we found among other items, a number of unusual share registrations. When the share registration was compared to the information on the holdings of Mark Appleby and certain other shareholders of Tartisan, we were unable to correlate what Mark Appleby said to be the information contained in the shareholder lists or to the insider reports of Mark Appleby, as well as various known acquaintances that have been referred to in his correspondence".

Azodi further explained that Belgravia began to closely examine not only certain Tartisan share transactions it had undertaken in the secondary market at the request of Mark Appleby when it first invested in Tartisan, however, it also investigated other secondary market transactions and voting patterns undertaken by other shareholders known to Mark Appleby which occurred both before (at the February meeting of shareholders) and after Belgravia had invested in Tartisan.

At the conclusion of its investigations, Belgravia has reason to believe that Mark Appleby acting alone and/or in conjunction with other shareholders:

  • may not have filed insider reports which show all the shares of Tartisan over which they exercise control or direction;
  • may have diverted funds away from the treasury of Tartisan into the hands of third parties for reasons which are not apparent to Belgravia;
  • failed to make adequate and timely disclosure of a lawsuit Belgravia filed against Tartisan and Mark Appleby in mid-June 2018 for, among other matters, breach of contract and negligent misrepresentation; and
  • prior to publicly disclosing the existence of the Belgravia lawsuit in early July of 2018, Appleby may have tipped at least one third party allowing it to avoid losses on the sale of its shares.

Azodi concluded by saying "Belgravia will provide every assistance at its disposal which may be requested by the Ontario Securities Commission as well as the Canadian Securities Exchange in any investigation they carry out in this regard".

IMMEDIATE ACTION IS IMPERATIVE TO CREATE SHAREHOLDER VALUE FOR TARTISAN NICKEL SHAREHOLDERS.

If you are also a concerned shareholder or have questions on how to cast your vote for the GREEN Proxy please contact D.F. King at 1-800-926-4985 (toll-free Canada) or by email at inquiries@dfking.com

Protect your investment by voting only your GREEN proxy form today or no later than 5:00 p.m. (Toronto Time) on Wednesday, September 12, 2018 FOR the Belgravia Nominees.

Background information regarding the solicitation of proxies can be found at http://www.aNewTartisan.ca

About Belgravia

Belgravia Capital International Inc. is focused on three core business divisions: Incubator, Investments, and Royalty & Management Services. The three divisions of Belgravia are high risk business ventures and expose shareholders to financial risks. The Incubator division provides capital to support the development of early stage companies in the Biotech/Healthcare, Technology, Resources and Medical sectors. Belgravia Holdings, the Investments division, invests in various private and public companies with a focus on value. Belgravia Royalty & Management Services has a royalty and fee income model. Further, the cash and investment asset base provides capital to support expansion on a selective basis.

For more information, please visit www.belgraviacapital.ca

Additional Information:

Belgravia is relying on the exemption under section 9.2(4) of National Instrument 51-102 – Continuous Disclosure Obligations ("NI 51-102") to make this public broadcast solicitation. The following information is provided in accordance with corporate and securities laws applicable to public broadcast solicitations.

This solicitation is being made by Belgravia, and not by or on behalf of the management of Tartisan. Tartisan's head office address is Suite 1060, 44 Victoria Street, Toronto, Ontario, Canada M5C 1Y2.  Tartisan has announced that it has called an annual general and special meeting of shareholders to be held on September 17, 2018 (the "Meeting"). Belgravia intends to file a dissident information circular (the "Dissident Circular") in connection with the Meeting, or any adjournment or postponement thereof, in due course in compliance with applicable securities and corporate laws.

This press release and any solicitation made by Belgravia in advance of the Meeting is, or will be, as applicable, made by Belgravia and not by or on behalf of the management of Tartisan. All costs incurred for any solicitation will be borne by Belgravia, provided that, subject to applicable law, Belgravia may seek reimbursement from Tartisan for Belgravia's out-of-pocket expenses, including proxy solicitation expenses and legal fees, incurred in connection with a successful reconstitution of the Company's board of directors. Any proxies solicited by Belgravia may be solicited by way of public broadcast, including through press releases, speeches or publications and by any other manner permitted under applicable laws, including pursuant to a Dissident Circular sent to shareholders of Tartisan. Solicitations may be made by or on behalf of Belgravia, by mail, telephone, fax, email or other electronic means, and in person by directors, officers and employees of Belgravia or by the proposed nominees. Belgravia has engaged the service of D. F. King and may engage D. F. King as soliciting agent to assist with solicitation on behalf of Belgravia.

It is expected that any proxies solicited by Belgravia in connection with the Meeting may be revoked by instrument in writing by the shareholder giving the proxy or by its duly authorized officer or attorney, or in any other manner permitted by law. Belgravia has filed this press release, which contains the information required by section 9.2(4)(c) of NI 51-102 and Form 51-102F5 Information Circular in respect of the Proposed Nominees under Tartisan's company profile on SEDAR at http://www.sedar.com. 

For further information contact:  Mehdi Azodi 416-779-3268 OR  MAZODI@BLGV.CA or  D. F. King at 1-800-926-4985. 

BLGV.logo.png

View Comments and Join the Discussion!