Added Capital Announces OSC Decision on Sanctions

September 12, 2014 2:28 PM EDT | Source: Red Light Holland Corp.

Toronto, Ontario--(Newsfile Corp. - September 12, 2014) - Added Capital Inc. (TSXV: AAD) ("Added" or the "Company") today announced that the Ontario Securities Commission ("OSC") released its decision in its sanctions hearing held in June 2014 involving Northern Securities Inc. ("NSI"), a subsidiary of the Company and Vic Alboini ("Vic"). In its merit decision in December 2013 the OSC decided that the IIROC Hearing Panel should have provided reasons on the merits prior to its sanction hearing and that the conduct of the IIROC sanction hearing was procedurally unfair to NSI and Vic.

The OSC imposed a fine and costs of $60,000 on NSI, a reduction from $450,000 in the IIROC sanction.

In the case of Vic, the OSC imposed a fine of $250,000, a reduction from the $625,000 IIROC fine and the OSC imposed costs of $62,500, a reduction from the IIROC costs of $125,000.

The OSC was reprimanded and suspended Vic from registration for one year, a reduction from the two year IIROC Panel suspension. The OSC also suspended Vic as UDP for two years, a reduction from the permanent UDP ban from the IIROC Panel.

The OSC also required Vic to disgorge commissions of $244,985 which was similar to the disgorgement required by the IIROC Panel.

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
647-352-8180
Chairman and Chief Executive Officer

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