(November 3 – 09:20 ET) – Northern Securities, a subsidiary of Digital Gem Corp.,has cemented its deal to acquire St. James Securities through its subsidiary Northern Securities. It has signed up 20 employees of St. James.
Northern has also agreed to acquire some of the business and operating assets of St. James. This arrangement replaces a previously announced agreement to acquire all the outstanding shares of St. James.
The personnel who’ve signed up with Northern includes retail brokers, research analysts, institutional traders and brokers, syndication, and corporate finance personnel.
Northern and its proposed electronic arm, eNorthern, will focus on small and mid-sized businesses in Canada, particularly in the so-called “knowledge” industries and the natural resource sector.
-IE Staff
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