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TERMS OF USE


Microcaps Research Canada Inc. (“MRC”, “We”) provides Espacemc.com (the “Site”, ''Espace Microcaps'') as a free service to investors, traders, or anyone who accesses the Site (“You,” “Your,” “User,” “Users”). Your use of the Site or any Espace Microcaps product or service is expressly conditioned upon your acceptance of these Terms of Use including our Privacy Policy (“Terms”).

YOU AGREE TO BE BOUND BY THESE TERMS BY REGISTERING ON, VIEWING OR USING THIS SITE. IF THESE TERMS ARE NOT ACCEPTABLE TO YOU, PLEASE LEAVE THE SITE IMMEDIATELY. IF FOR ANY REASON YOU ARE DISSATISFIED WITH THE SITE, OR ANY SERVICE, PRODUCT, CONTENT, OR OTHER INFORMATION AVAILABLE ON OR THROUGH THE SITE, YOUR SOLE REMEDY IS TO CEASE USING THE SITE AND/OR PARTICULAR SERVICE OR PRODUCT. YOUR AGREEMENT WITH MICROCAPS RESEARCH CANADA INC REGARDING THESE TERMS BECOMES EFFECTIVE IMMEDIATELY UPON YOUR REGISTRATION, ACCESS TO, OR USE OF THE SITE.

We may modify, add or delete portions of this Terms of Use or Privacy Policy at any time in our sole discretion. The updated version will be posted on the Site after any modification. Your use of the Site or continued receipt of Information constitutes acceptance of such modifications, which shall be effective immediately upon posting on the Site.

2. Risks of Information and Use of the Site

This Site provides information (“Information”) regarding, but not limited to, securities, securities markets and general investment strategies. The Information on Espace Microcaps is provided by various sources (“Information Provider,” “Information Providers”) including, but not limited to, members, officers, employees, subcontractors, affiliates, or Users of the Site, and third party providers.

The strategies discussed on the Site are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. We offer no guarantee that any strategies discussed will be effective. The Information provided is not intended to be a complete analysis of every material fact respecting any strategy. The examples presented do not take into consideration commissions, tax implications or other transactions costs, which may significantly affect the economic consequences of a given strategy.

MRC does not verify or monitor the accuracy, truthfulness, or completeness of any Information provided on the Site by such Information Providers and sent to you in the Information. Said Information may contain opinions, forecasts, or projections of the Information Providers and thus may not be fact. You should consider the motives of any Information Provider and independently verify any Information or claims they provide. MRC does not endorse any opinion or recommendation by any Information Provider. We do not verify the identity of our Information Providers and thus you should not rely that the identity of any Information Provider is who they say they are.

You specifically acknowledge that MRC will in no way be held liable for any potential or actual violations of Canada laws or applicable province laws, including without limitation any federal or province securities laws, based on Information sent to you by MRC.

The Information on the Site may contain “forward-looking information” (as defined in applicable Canadian securities legislation). These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often include words such as “anticipates,” “estimates,” “expects,” “projects,” “intends,” “plans,” “believes” and words and terms of similar substance in connection with discussions of future operating or financial performance. Any forward-looking statements made speak only as of the date on which they are made and MRC and its Information Providers are under no obligation to, and expressly disclaims any obligation to, update or alter any forward-looking statements, whether as a result of new information, subsequent events or otherwise, unless required by law.

By using this site, you agree that you fully understand that the stock market, other securities markets, and all financial forums contain implicit and explicit risks. That being acknowledged, understood, and agreed, anyone who directly or indirectly uses the Site and/or Information shall hold MRC and any of its, members, officers, employees, subcontractors, affiliates, and/or third party providers harmless for any loss, injury, or damage resulting from the usage of the Site or any Information. All Users of the Site, agree that they alone bear complete responsibility for their own investment research and investment decisions, and that they will not hold MRC and any of its, members, officers, employees, subcontractors, affiliates, and/or third party providers liable for any decisions or outcomes from actions made by them or others based directly or indirectly upon the Information or any other material provided by MRC.

MRC is not a registered investment advisor or broker-dealer, and is not licensed nor qualified to provide investment advice. In addition, there is no requirement that any of our Information Providers be registered investment advisors or broker-dealers and we do not represent or warrant that such Information Providers are registered investment advisors, broker-dealers or otherwise licensed or registered under applicable law. Nothing published by MRC should be considered personalized investment advice or investment services by MRC or the Information Providers.

The Information is NOT a solicitation to BUY, SELL, or HOLD any securities mentioned, directly or indirectly, in the Information. Furthermore the Information should not be used as the basis for making any investment decision and you should consult your own independence financial investment advisor before making any such decision. Your own due diligence is of the utmost importance and highly recommended. Never buy stocks or other financial products based purely on the Information. Neither MRC nor any Information Provider guarantees any specific outcome or profit, as, among other things, the strategies or investments discussed may fluctuate in price or value and the investments or strategies mentioned on the Site or in the Information may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you.

The material in the Information represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. You should not rely upon this information as research or investment advice regarding the funds or any security in particular.

You must make an independent decision regarding investments or strategies mentioned on the Site or the Information. You affirm that buying stocks or any other financial instrument is risky and you may lose some or all of your money. Before acting on Information, you should consider whether it is suitable for your particular circumstances and seek advice from your own independent financial or investment advisor. YOU SHOULD VERIFY ALL CLAIMS, DO YOUR OWN DUE DILIGENCE AND/OR SEEK YOUR OWN PROFESSIONAL ADVISOR AND CONSIDER THE INVESTMENT OBJECTIVES AND RISKS BEFORE INVESTING IN ANY SECURITIES MENTIONED ON THE SITE OR IN THE INFORMATION. You specifically acknowledge that MRC and any of its, members, officers, employees, subcontractors, affiliates, and/or third party providers will in no way be held liable for losses or gains arising out of any Information sent to you by MRC or subscribed by you from MRC, and you waive any such claims on your own behalf and on behalf of your successors, heirs and representatives.

This site contains links to third party web sites. We make no warranties, either expressed or implied, regarding the utility, safety, accuracy or completeness of such third party web sites.

We do not guarantee availability of the Site as it may be subject to interruptions due to events within and outside of our control. We assume no liability for availability of the Site.

3. Disclosure of Ownership

From time to time, MRC, its affiliates, members, officers or employees, Information Providers and/or their affiliates may, or may not, hold positions in one or more of the securities mentioned in the Information and may trade such positions in such securities at any time, without notification to you. Furthermore, MRC, its affiliates, members, officers, employees, Information Providers and/or their affiliates may have additional information regarding such securities and have no obligation to disclose such information to you at any time. They may also liquidate shares (or other securities) in profiled companies at any time without notice and at will. Such liquidation may have a negative impact on the securities being liquidated. There can be no assurances that (i) Information Providers’ goals, objectives, investment portfolio or strategies are consistent with your own investment objectives.

4. Disclosure of Compensation

Sponsors advertising on the Site will directly compensate MRC for the right to display promotional materials on the Site. Sales by our sponsors which result from advertising on the Site will encourage the sponsors to continue to advertise on the Site. Therefore, MRC, its affiliates, members, officers or employees, Information Providers and/or their affiliates arguably have a financial incentive to recommend the securities and products of Espace Microcaps sponsors. However, the opinions expressed on Espace Microcaps are independent of any third party payments and as a general policy, MRC, its affiliates, members, officers or employees, Information Providers and/or their affiliates may not express opinions on the basis of such compensation.

5. Rivemont Microcap Fund

Espace MicroCaps is under contract with Rivemont Investments to provide securities’ analysis for the Rivemont MicroCap Fund. The Rivemont MicroCap Fund may hold some of the securities analyzed by Espace MicroCaps on this site. These analyses are provided for information purposes and are not an offer to sell or a solicitation of an offer to buy any security. The analyses should not be treated as advice relating to legal, taxation, financial or investment matters. Rivemont Investments and Espace MicroCaps are not liable for any direct or indirect trading losses caused by any information available on this site. The Rivemont MicroCap Fund will not report when a position is initiated or sold.

Rivemont Investments and Espace MicroCaps do not guarantee in any way that they are providing all the information that may be available. Prospective investors are advised to make their own analyses and inquiries and consult their own professional advisers as to the legal, tax, accounting and other related matters concerning the acquisition, holding or disposal of an investment. Rivemont Investments and Espace MicroCap make no representation or warranty to any investor regarding the legality of any investment, the tax consequences or the suitability of an investment for such investor.

The Rivemont MicroCap Fund is available under the National Instrument 45-106 Prospectus and Registration Exemptions and is therefore only available to accredited investors.

6. User Provided Content

Users may post, upload, publish, submit or transmit text, information or other materials to be made available through the Site (“User Content”). By making available any User Content through the Site, you hereby grant to MRC a irrevocable, perpetual, transferable, royalty-free license, with the right to sublicense, to use, copy, adapt, modify, distribute, sell, transfer, publicly display, publicly perform, transmit and otherwise exploit such User Content. MRC does not claim any ownership rights in any such User Content and nothing in these Terms of Use will be deemed to restrict any rights that you may have to use and exploit any such User Content.

You acknowledge and agree that you are solely responsible for all User Content that you make available through the Site. You agree that MRC is not responsible for any legal action, harm, or loss resulting from providing User Content to our Users. You represent and warrant that: (i) you either are the sole and exclusive owner of all User Content that you make available through the Site or you have all rights, licenses, consents and releases that are necessary to grant to MRC the rights in such User Content, as contemplated under these Terms of Use; and (ii) neither the User Content nor your posting, uploading, publication, submission or transmittal of the User’s Content or MRC’s use of the User Content (or any portion thereof) on, through or by means of the Site will infringe, misappropriate or violate a third party’s patent, copyright, trademark, trade secret, moral rights or other intellectual property rights, or rights of publicity or privacy, or result in the violation of any applicable law or regulation.

You agree not to post, upload, publish, submit or transmit any text, graphics, information or other material that: (i) infringes, misappropriates or violates a third party’s patent, copyright, trademark, trade secret, moral rights or other intellectual property rights, or rights of publicity or privacy; (ii) violates, or encourages any conduct that would violate, any applicable law or regulation or would give rise to civil liability; (iii) is fraudulent, false, misleading or deceptive; (iv) is defamatory, obscene, pornographic, vulgar or offensive; (v) promotes discrimination, bigotry, racism, hatred, harassment or harm against any individual or group; (vi) is violent or threatening or promotes violence or actions that are threatening to any other person; or (vii) promotes illegal or harmful activities or substances.

You agree not to provide any User Content that contains material, non-public information or knowingly post statements that are not true.

7. Credentials and Security

You agree that your account with us is for your sole use and agree not to share or otherwise make your account available to others. Furthermore, you agree to keep your credentials including your password secure. You agree that you are liable for any use of the site done with your credentials.

Users of the Site agree that they will maintain only one account on the Site.

8. User’s Conduct on the Site

In addition to these Terms, Members of the Site agree to follow such rules that are posted on the site and amended from time to time. Such rules are posted within the forums and are incorporated by reference.

MRC reserves the right, but has no obligation, to delete any content that violates the Terms of this agreement or is otherwise objectionable to MRC. We are not responsible for any delay in deleting such content if we chose to delete such content.

MRC reserves the right, but has no obligation, to terminate the membership of any User who violates the law or these Terms without any warnings. If your membership is terminated, your obligations under these Terms shall survive such termination.

9. Intellectual Property Rights

This site is protected by the Copyright Act of Canada. Except where otherwise indicated, the Site and all text, images, graphics, photographs, drawings, designs, audio, video, data, software, files, trademarks, service marks, trade names, and other information contained on the Site, are the exclusive property of MRC. You may not reproduce, sell, copy, retransmit, or modify any of the content of the Site without the express written authorization of MRC.

10. Disclaimer of Warranty, Limitation of Liability, and Indemnification

THE INFORMATION AND MATERIALS ON THIS SITE ARE PROVIDED ON AN “AS IS”, “AS AVAILABLE” BASIS. MICROCAPS RESEARCH CANADA DOES NOT GUARANTY THAT THE INFORMATION OR ANY INFORMATION ON THE SITE IS ACCURATE OR CURRENT. MICROCAPS RESEARCH CANADA MAKES NO WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, WITH RESPECT TO THE INFORMATION OR THE SITE. ALL IMPLIED AND STATUTORY WARRANTIES, INCLUDING BUT NOT LIMITED TO, THE WARRANTY OF MERCHANTABILITY, THE WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE, AND THE WARRANTY OF NON-INFRINGEMENT OF PROPRIETARY RIGHTS, ARE EXPRESSLY DISCLAIMED TO THE FULLEST EXTENT PERMITTED BY LAW. MICROCAPS RESEARCH CANADA RESERVES THE RIGHT TO CHANGE THE CONTENT OF THE SITE AT ANY TIME WITHOUT NOTICE.

TO THE FULLEST EXTENT PERMITTED BY LAW, MICROCAPS RESEARCH CANADA EXPRESSLY DISCLAIMS ALL LIABILITY FOR, AND YOU AGREE TO INDEMNIFY AND HOLD MRC, ITS MEMBERS, OFFICERS, AND AFFILIATES HARMLESS FOR, ANY DAMAGES OR LOSSES AS A RESULT OF YOUR USE OF OR INABILITY TO USE THE SITE, THE INFORMATION OR MATERIALS YOU PROVIDE TO THE SITE, THE INFORMATION OR YOUR RELIANCE ON THE INFORMATION CONTAINED ON THE SITE, OR YOUR VIOLATION OF THESE TERMS OR APPLICABLE LAW.

11. General

You have the sole responsibility to purchase and maintain the equipment and communications services you use to access this Site. We are not responsible for any costs or damages caused to your equipment and communications services that happens because of access to the Site.
You agree that your account is non-transferable and that any rights to your account terminate upon your death.

These Terms as specified in this document constitute the entire agreement between you and MicroCaps Research Canada Inc.

Any legal dispute arising out of your use of the Site or these Terms will be governed by the laws of Canada and the province of Quebec. Those who choose to access the Site from locations outside of Canada do so on their own initiative, and are responsible for compliance with local laws if and to the extent local laws are applicable. The Information provided by MRC is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject MRC to any registration requirement within such jurisdiction or country.

Regardless of any applicable statue or law, you agree that any claim or cause of action related to the use of the Site or our Terms of Use must be filed within one (1) year after such claim or cause of action arose or it shall forever be bared.

If any part of these Terms is found unenforceable or invalid, that part shall be construed as closely as possible in a manner consistent with applicable law to reflect the original intentions and the remaining parts shall remain in full force and effect.

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