Finance
PreveCeutical Engages Phoenix Corporate Finance Inc. to Provide Advisory Services
Vancouver, British Columbia–(Newsfile Corp. – October 18, 2024) – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) (“PreveCeutical” or the “Company“), a health sciences company that develops innovative options for preventive and curative therapies utilizing organic and nature-identical products, is pleased to announce that it has engaged Toronto-based Phoenix Corporate Finance Inc. (“Phoenix“) as its advisory firm to provide strategic and corporate advisory services relating to potential future transactions.
Pursuant to the engagement, Phoenix has agreed to provide corporate advisory services to the Company with respect to one or more potential strategic transactions, including the potential acquisition or disposition of assets. As consideration for the services, the Company has agreed to pay Phoenix an aggregate of $30,000 plus applicable taxes.
Mr. Stephen Van Deventer, Chairman and CEO commented, “As PreveCeutical transitions from R&D into the clinical phase, we believe moving forward will require strategic partnerships and an evolution as to how we approach each of our four research programs. Over the coming months we will dedicate additional resources and human talent to each of the different programs that are specific to the medical field of each therapy.”
About PreveCeutical
PreveCeutical is a health sciences company that develops innovative options for preventive and curative therapies utilizing organic and nature identical products.
PreveCeutical aims to be a leader in preventive health sciences and currently has five research and development programs, including: dual gene therapy for curative and prevention therapies for diabetes and obesity; the Sol-gel Program; Nature Identical™ peptides for treatment of various ailments; nonaddictive analgesic peptides as a replacement to the highly addictive analgesics such as morphine, fentanyl and oxycodone; and a therapeutic product for treating athletes who suffer from concussions (mild traumatic brain injury). For more information about PreveCeutical, please visit www.PreveCeutical.com, follow us on Twitter: http://twitter.com/PreveCeuticals and Facebook: www.facebook.com/PreveCeutical.
About Phoenix Corporate Finance Inc.
Phoenix Corporate Finance Inc. is an independently owned mid-market corporate finance firm that serves the alternative and secondary funding requirements of Canadian-based companies. The objective of Phoenix is to position its client companies for the optimum number of financing options beyond what is available from banks and other financial institutions. Phoenix specializes in underwriting and procuring equity and debt funding from non-institutional and private capital sources. For more information regarding Phoenix’s corporate, commercial, and ICI real estate financing activities, please visit: www.phoenixcorpfinance.ca.
On Behalf of the Board of Directors,
PreveCeutical Medical Inc.
“Stephen Van Deventer”
Chairman & Chief Executive Officer
For further information, please contact:
Stephen Van Deventer
(604) 306-9669
ir@PreveCeutical.com
Forward-Looking Statements:
This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include statements regarding any potential acquisition or disposition transaction. The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements including adverse market conditions and other factors beyond the control of the parties. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include general market conditions and other factors beyond the control of the Company; regulations and policies affecting the biotechnology or pharmaceutical industry adversely affecting the future results or performance of PreveCeutical or BioGene; the Company may not execute on its proposed transaction plans and the Company determining that any proposed transaction is not an optimal strategy. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227133
While admitting the bank benefitted from the surge in housing credit growth, Comyn said a lower level would be better for “long-term financial stability, equality and access to the housing market.”
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“Our view would be that a more sustainable credit growth rate in housing would be slightly below the current level,” he told lawmakers at a committee hearing in Parliament.
“I think that’s probably pushing a higher level than perhaps policymakers and regulators might be ultimately comfortable with.”
“Obviously we benefit as an institution where housing credit is higher.”
The latest figures from the Australian Bureau of Statistics showed the total number of new loan commitments for dwellings rose 6.4% in the third quarter from the second quarter.
Total housing credit growth has risen above the post-global financial crisis average, largely driven by an increase in investor credit growth in response to lower interest rates, according to the Reserve Bank of Australia.
But Comyn said demand for housing could moderate as there was “much less confidence that rates will be reducing anytime soon.”
He said the bank expected that the cash rate would remain unchanged at 3.6% “more likely than not” through 2026 because inflation was too high.
Reporting by Christine Chen and Scott Murdoch in Sydney; Editing by Thomas Derpinghaus
Our Standards: The Thomson Reuters Trust Principles.
As the holiday shopping season approaches, one expert says there are some new scam trends emerging that consumers need to watch out for.
Larry Zelvin, head of the financial crimes unit at Bank of Montreal, says artificial intelligence is making fraud harder to detect.
Some emerging scam threats include AI-generated fake retailer websites and QR code scams that are embedded with malicious links.
Other scams include fake influencer accounts and counterfeit products on the TikTok Shop, as well as digital pickpocketing, where criminals use contactless payment devices to skim data from phones.
Zelvin says there are steps people can take to protect their personal information and finances.
This includes measures like not clicking on links in emails or text messages and instead going directly to a retailer’s website, and using credit cards since they have stronger protections against fraud than other payment methods.
This report by The Canadian Press was first published Nov. 17, 2025.
Daniel Johnson, The Canadian Press
Finance
Pearl scam victims to hold nationwide protest at Finance Ministry on November 26: Dr Paramjit Kotli – The Tribune
An emergency meeting of the “Insaf Di Awaaz” organisation was held at Gurdwara Shaheed Ganj Sahib in Phagwara, under the chairmanship of the Assembly constituency president Dr Paramjit Singh Kotli. State committee member and Punjab General Secretary, Jodh Singh Thandi, was present as a special invitee.
During the meeting, members discussed intensifying their struggle for the recovery of the investments of citizens trapped in the Pearl Group and various other chit fund companies. Addressing the media after the meeting, Dr Kotli announced that following a call given by the national president of the organisation, Mahinder Pal Singh Dangarh, Pearl scam victims from across the country will stage a massive protest in front of the Ministry of Finance in New Delhi on November 26.
He stated that all members present in the meeting unanimously agreed to participate in the protest. Dr Kotli further recalled that Dharamvira Gandhi, Member of Parliament from Patiala, had raised the issue of the Pearl Group scam in Parliament last year, questioning Finance Minister Nirmala Sitharaman regarding the return of the huge amounts owed to investors.
Kotli alleged, “However, the Finance Minister misled the House by claiming that the money is available, but no claimants have come forward, despite investor data being fully available online.”
He added that due to persistent pressure from investors over the years, the Central Government has only recently initiated partial refunds to small investors, but the pace of reimbursements remains extremely slow.
“Large investors have not received a single rupee so far, leading to growing anger and frustration. The government’s reluctance clearly shows that it is not serious about returning the hard-earned money of the people,” he said.
Dr Kotli appealed to all participating investors to carry photocopies of their Pearl policy bonds during the demonstration in Delhi.
Prominent members present at the meeting included Bimla Devi Chak Hakim, Dr. Kulwinder Jassal Bhakhriana, Satya Khati, Kulveer Singh Khaliyaan, Manjeet Kaur Manak, Harbhajan Lal Mukandpur, Ashok Kumar Rawalpindi, Jaswinder Kaur Virk, Manjeet Kaur Virk, Sukhdev Kumari, and Praseen Kaur Chak Prema.
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