This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Placencia, Canyon Acquisitions, Marco Caruso And Brent Borland Announce Resolution Of Ontario Securities Commission Matter

PLACENCIA, Belize, April 5, 2013 /PRNewswire/ --  The Placencia, Canyon Acquisitions, and their principal owners Marco Caruso and Brent Borland are pleased to announce that they have reached a settlement with the Ontario Securities Commission.

All claims and allegations, which were isolated solely to the province of Ontario have been resolved and settled in full. As the settlement reflects, the matter was merely administrative, with no suggestion or implication of fraud or intentional wrongdoing.  Both Caruso and Borland are pleased to have reached this resolution after the facts demonstrated that they made no misleading statements and that The Placencia principals acted with integrity and continued commitment to the project and ultimately to their clients throughout Canada.

"Now that this matter is successfully behind us and our reputation and character have been properly restored through the revelation and analysis of the facts, The Placencia development is poised for a highly successful future. Marco and I will continue to passionately drive forward on our commitment to The Placencia, our clients and the wonderful country of Belize," said Brent Borland, Principal, The Placencia.

While Borland and Caruso firmly believe and continue to maintain that their products are strictly real estate transactions, reaching this settlement was the best solution for the long-term benefit of The Placencia Project, our clients, owners and prospective buyers. Because of the significant inherent value of the underlying project assets, the financial strength of The Placencia development and unwavering commitment of the principals, it was possible to reach a resolution of the matter that was a fair and balanced result for all concerned.

"This is a very positive development in the life of our project and we are very pleased that this matter has been resolved," said Marco Caruso, Principal, The Placencia. "We are highly optimistic that the largest and most significant real estate development in the country and key infrastructure project for Belize such as Placencia International Airport, both have a clear path to ultimate success."

For more information contact: Nikki Bullaro: nikki@theplacenciagroup.com or 561.988.2332

About The Placencia

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs