Northwire Canada EditionSunday, October 18, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
M&A / Property

Parvis clarifies Richmond Global buy non-arm's length

By The Northwire Desk — AI Analysis Mar 04, 2026 · 04:21 PVIS · 0.235 Parvis Invest Inc
PVIS · Price

Executive Summary

  • Parvis Invest Inc. issued a clarifying statement regarding its proposed acquisition of Richmond Global Wealth Inc. (RGW), disclosing that the transaction is a non-arm's-length/related-party transaction under TSX Venture Exchange policies and Multilateral Instrument 61-101.
  • Noah Murad, a director of Parvis, is identified as a non-arm's-length party due to his indirect control and ownership interest in RGW through Bluestar Equity Inc.
  • The transaction requires disinterested shareholder approval, excluding votes from Mr. Murad, Bluestar Equity, and their affiliates, while all other terms of the original acquisition agreement remain unchanged.

Key Details

  • Transaction Nature: The acquisition of Richmond Global Wealth Inc. by Parvis Invest Inc. is classified as a non-arm's-length transaction and a related-party transaction pursuant to Multilateral Instrument 61-101.
  • Related Party Identification: Noah Murad, a director of Parvis, indirectly controls and/or holds an ownership interest in RGW through Bluestar Equity Inc., making him a non-arm's-length party under TSX-V Policy 1.1.
  • Voting Restrictions: Mr. Murad and all other non-arm's-length parties, including Bluestar Equity and their associates/affiliates, are excluded from voting on the resolution to approve the transaction.
  • Approval Requirements: Closing is subject to disinterested shareholder approval (majority of votes cast by shareholders excluding related parties), customary closing conditions, regulatory approvals, and TSX Venture Exchange approval.
  • Status of Terms: All other terms and conditions of the transaction described in the original news release dated Feb. 19, 2026, remain unchanged.

Notable Quotes

  • "The original release did not disclose that the proposed acquisition constitutes a non-arm's-length transaction within the meaning of TSX Venture Exchange policies and a related-party transaction pursuant to Multilateral Instrument 61-101."
  • "The company confirms that, given the non-arm's-length nature of the transaction, Mr. Murad and any other non-arm's-length parties and their respective associates and affiliates will be excluded from voting on the resolution to approve the transaction."
Read the original news release →

More from Parvis Invest Inc

Jun 30, 2026 · 08:55

Capital raise to fund cross-border M&A, but 150% run-in implies expectations are fully baked in.

Financings Jun 22, 2026 · 11:52

Parvis signs binding deal for U.S. broker-dealer, but +140% run already prices in North American expansion success

M&A / Property May 28, 2026 · 17:19

Parvis locks in $3M financing at a 129% premium to market, funding a cross-border push that finally gives Canadian issuers a regulated on‑ramp to U.S. private capital.

Financings May 21, 2026 · 10:13

Parvis Eyes U.S. Private Market Invasion With Broker-Dealer Grab

M&A / Property May 11, 2026 · 07:46

With a $5 million all-share deal for Atlas One, Parvis doubles down on consolidation just as its platform gains traction, but the premium stock issuance raises the bar for execution.

M&A / Property Apr 22, 2026 · 18:43

Parvis Secures Working Capital While Platform Volume Surges Amidst Related-Party Expansion

Financings