Legal
Disclaimer
Madrina Communications is paid by the companies it works for. Nothing on this website is investment advice, and we are not registered as a broker-dealer or an investment adviser anywhere. The sections below set out what that means in full.
01Informational purposes only
Everything on this website is provided for general informational purposes. It describes what Madrina Communications does. It is not, and must not be relied on as, financial, investment, legal, accounting, or tax advice.
No content on this site is tailored to your circumstances, your objectives, your risk tolerance, or your financial position, because we know none of those things. Nothing here takes account of whether any investment is suitable for you.
02We are not an investment adviser or a broker-dealer
Madrina Communications is a communications firm. It is not registered as a broker, dealer, investment adviser, investment dealer, or exempt market dealer with the United States Securities and Exchange Commission, the Financial Industry Regulatory Authority, any state securities regulator, or any Canadian provincial or territorial securities commission.
We do not:
- Offer, sell, solicit, or effect transactions in securities
- Give advice on the merits of buying, selling, or holding any security
- Manage accounts, take discretion over investment decisions, or recommend allocations
- Take custody of, or handle, client or investor funds or securities
- Receive commissions, finder’s fees, or transaction-based compensation of any kind
03No offer and no solicitation
Nothing on this website is an offer to sell, or the solicitation of an offer to buy, any security or any interest in any company, in any jurisdiction.
Any actual offering of securities by a company we work with is made only by that company, only through its own offering documents or public filings, and only where the offering is lawfully permitted. Those documents govern. Nothing said here modifies or supplements them.
04We are paid by the companies we write about
This is the disclosure that matters most, so it is stated directly rather than buried.
Madrina Communications is compensated by its issuer clients. We are engaged under written agreements and paid by the company — ordinarily as a cash retainer or a fixed project fee — to provide investor communications and shareholder engagement services.
That arrangement is a conflict of interest by its nature. We are paid by companies, not by investors. Our work is intended to communicate a company’s story clearly and accurately; it is not independent research, and it is not written from the standpoint of a neutral analyst. You should assume that any communication produced by Madrina concerning a client company is paid-for communication and weigh it accordingly.
Section 17(b) of the Securities Act of 1933
Section 17(b) makes it unlawful to publish, give publicity to, or circulate any communication that describes a security for consideration received from an issuer, underwriter, or dealer without fully disclosing the receipt of that consideration and the amount of it. Madrina includes that disclosure in the communication itself, wherever the communication concerns a specific security.
This website does not describe, analyse, recommend, or promote any specific security, and does not name any client company.
Securities held by Madrina and its personnel
Madrina and the people who work for it may from time to time hold securities of companies we work with. Where any communication concerns a specific security, any such position held at the time is disclosed in that communication.
05Forward-looking statements
Material produced by Madrina for a client, and material published by client companies themselves, may contain forward-looking statements — projections, plans, timelines, resource estimates, targets, and other statements about things that have not happened yet.
Forward-looking statements are not guarantees. They rest on assumptions that may prove wrong and on risks and uncertainties that are outside anyone’s control, and actual results routinely differ materially from what was projected — especially in exploration, development-stage, and pre-revenue businesses. Neither Madrina nor any client company undertakes to update a forward-looking statement except as required by law.
06Information about client companies comes from those companies
Information Madrina communicates about a client company originates with that company and with its public disclosure record.
The accuracy, completeness, and timeliness of that information is the responsibility of the company that issued it. Madrina does not audit it, independently verify it, or vouch for it, and we accept no liability for it. Before making any decision about a public company, read its own filings — on EDGAR in the United States or SEDAR+ in Canada — rather than any secondary description of them, including ours.
07No relationship is created by this website
Reading this site, emailing us, or submitting the contact form does not create a client relationship, an advisory relationship, or a fiduciary relationship of any kind, and Madrina owes no duty to any visitor to this website.
A relationship with Madrina begins only when both parties sign a written engagement agreement. Please do not send us confidential information or material non-public information about any company before one is in place.
08Do your own work
Small-cap, early-stage, and pre-revenue companies — including those in nuclear energy, metals and mining, defense, and space — are speculative investments. They are frequently illiquid and volatile, they routinely need further financing that dilutes existing holders, and a total loss of invested capital is a real and common outcome.
Past performance tells you nothing reliable about future results. Before investing in anything, do your own research, read the company’s own filings, and speak to a registered investment adviser, dealer, or other licensed professional who is able to consider your particular circumstances. Any decision you make is yours alone.
09Where this site is directed
This website is operated from British Columbia, Canada. It is not directed at any person in any jurisdiction where publishing or accessing it would be contrary to local law or would subject Madrina to a registration requirement in that jurisdiction.
If you access this site from elsewhere, you do so on your own initiative and you are responsible for compliance with the laws that apply to you.
10Limitation of liability
This website and its contents are provided on an “as is” and “as available” basis, without warranty of any kind, whether express, implied, or statutory.
To the fullest extent permitted by law, Madrina Communications and its directors, officers, employees, and contractors accept no liability for any loss or damage — direct, indirect, incidental, consequential, or otherwise, including lost profits or investment losses — arising out of or in connection with your use of, or reliance on, this website or anything on it. See our Terms of Use for the full terms on which this site is made available.
11Questions
If anything on this page is unclear, or you want to know whether a particular communication came from us, ask.
Madrina Communications
British Columbia, Canada
admin@madrinacommunications.com
These disclosures apply to this website and to communications produced by Madrina Communications. Where a specific communication carries its own disclosure, that disclosure governs for the communication it appears in.
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