AMF urges utmost caution regarding solicitations relating to PlexCoin

The Autorité des marchés financiers (the “AMF”) strongly cautions consumers against solicitations relating to PlexCoin, being marketed as a virtual currency. On July 20, 2017, at the request of the AMF, the Financial Markets Administrative Tribunal (the “Tribunal”) issued variousex parte orders against PlexCorps, PlexCoin, DL Innov inc., Gestio inc. and Dominic Lacroix in connection with their activities relating to an investment in the purchase of PlexCoin. The Tribunal prohibited PlexCorps, PlexCoin, DL Innov inc., Gestio inc. and Dominic Lacroix from engaging in activities for the purpose of directly or indirectly trading in any form of investment described in section 1 of the Securities Act, including the solicitation of investors in Québec and the solicitation, from Québec, of investors outside the province. The Tribunal also ordered them to withdraw any advertisement or solicitation made on an Internet forum or elsewhere relating to securities or any forms of investment, published or distributed by them directly or indirectly on the Internet or elsewhere and to close websites plexcorps.com and plexcoin.com as well as any similar website that is published or distributed by them directly or indirectly or failing which, to make the sites inaccessible to any IP address in Québec so that Québec residents are unable to consult the sites. Since July 20, 2017, actions taken by the AMF show that the persons involved have apparently not complied with these orders. Moreover, the presale of PlexCoin is scheduled to begin in a few hours. Under these circumstances, the AMF wishes to notify consumers of the major risks of loss that could stem from responding to this invitation to invest.