Follow the steps below.
The following information should make the process of investing in the Cantest Fund much simpler.
Step by Step.
Click on the steps below for more detailed information
If you are purchasing the debenture directly using a non-registered account follow the instructions found by clicking here.
If you are purchasing this debenture in an RRSP, TSFA, or other Registered Account follow the steps below to open an account at Computershare.
If you are unsure what type of account is right for you, please feel free to contact us directly by email at support@cantest.net
How to Open an Account at Computershare
First Things First
You will need to determine the type of account you need to open (ie: RRSP, TFSA).
One application form per account is required (if you require an RRSP and a TFSA account, one application for each is required) The appropriate forms are available for download just below.
Application Form – RRSP
This form is to be completed for each investor wanting to use an RRSP account.Download the Application Form – RRSP
Application Form – TFSA
This form is to be completed for each investor wanting to use a TFSA account.Download the Application Form – TFSA
Application Form (Non-Registered Account)
This form is to be used for anyone NOT wanting to register their account for tax savings purposes, ie: not RRSP/TFSA eligible. Most likely to be used by persons residing the USA who would not obtain any tax benefit with a Canadian registered account.Download theApplication Form (Non-Registered Account)
Second - The Beneficiary Designation
A Beneficiary Designation Form is required for EACH account setup. Submit with the account application leaving the Computershare account number blank
This form is to be completed for each account that is set up to establish beneficiary instructions
Download The Beneficiary Designation Form Here
Third - The Transfer
If you are transferring funds from another financial institution, a Transfer Authorization Form is required for EACH account you intend to transfer. Submit with the account application leaving the Computershare account number blank
Download the Transfer Authorization Form Here
For clarification, we have prepared some sample completed forms to help you locate the information this form requires, along with a statement which shows where you find the information the Transfer Form requires:
Sample 1 Single Fund Holdings Link:Sample 2 Multiple Fund Holdings Link:
*Note – All transfers are made In-Cash
Fourth - The Client Authorization Form
Complete and sign the Client Authorization Form:
Download the Client Authorization Form Here
Fifth - Submit Computershare Documents
Submit your Account Application, the Beneficiary Designation Form, the Transfer Authorization Form and the Client Authorization Form to: pcsprocessing@computershare.com
Instructions for Non Registered Accounts
To purchase debentures directly using a non-registered account a Computershare account is not required.
Complete the appropriate subscription agreement (Found just below here in step 4) and submit it to Cantest.
Funds should be wired directly to our lawyer trust account, the details can be found below:
Shea Nerland LLPCAD TRUST ACCOUNT
Bank:
Royal Bank of Canada
Bank Address:
Main Branch
339 - 8th Avenue SW
Calgary, AB T2P 1C4
Transit No.: 00009
Bank Code: 003
Account No.: 128-123-7
Account Name: Shea Nerland LLP Trust Account
Swift Code: ROYCCAT2
Routing Number: 021000021
Upon Closing you will receive a copy of the Debenture issued directly to you for your safe keeping until maturity date.
Download an Example Here
Frequently Asked Questions:
Click any of the questions below for your answer.
The interest payment will be made via Wire or EFT transfer to your Computershare account (if applicable) or to the banking institution of your choosing:
- The Principal Amount outstanding will bear simple interest from the date of the Advance at the per annum rate of twelve per cent (12%) - (3% per quarter)
- Interest will be due and payable quarterly in arrears on January 31, April 30, July 31, and October 31 of each year; and
- The first interest payment will occur on January 31, 2018, and will include interest accrued from and including the closing date.
- Interest payments will be made via EFT.
Yes,
- Open a Computershare account.
- Move your investments that are generating less than 10% per year.
- Sign up for the Cantest Funding Debenture.
*Hint - On the pdf, mouse over the yellow icons for more information.
Sample Benificiary Designation Form
Sample Client Authorization Form
Sample Purchase Instruction Form
Sample Registered Plan Application Form
Sample Transfer Authorization Form
Affiliate
1.2 For the purpose of this Instrument, an issuer is an affiliate of another issuer if(a) one of them is the subsidiary of the other, or
(b) each of them is controlled by the same person.
No, they are a “close business associate” and a “close personal friend”
An individual is a “close business associate” of the undersigned if the undersigned has had direct sufficient prior business dealings with the individual (where the relationship is direct and extends beyond being a client, customer or former client or customer or being a close business associate of a close business associate of the individual) to be in a position to assess the capabilities and trustworthiness of the individual.
An individual is a “close personal friend” of the undersigned if the undersigned has directly known the individual well enough and for a sufficient period of time and in a sufficiently close relationship (where the relationship is direct and extends beyond being a relative or a member of the same organization, association or religious group or a client, customer or former client or customer or being a close personal friend of a close personal friend of the individual) to be in a position to assess the capabilities and the trustworthiness of the individual.
“control person” means:
i. A person who holds a sufficient number of the voting rights attached to all outstanding voting securities of an issuer to affect materially the control of the issuer, and if a person holds more than 20% of the voting rights attached to all outstanding voting securities of an issuer, the person is deemed, in the absence of evidence to the contrary, to hold a sufficient number of the voting rights to affect materially the control of the issuer; or
ii. Each person in a combination of persons acting in concert by virtue of an agreement, arrangement, commitment or understanding, who holds in total a sufficient number of the voting rights attached to all outstanding voting securities of an issuer to affect materially the control of the issuer, and if a combination of persons holds more than 20% of the voting rights attached to all outstanding voting securities of an issuer, the combination of persons is deemed, in the absence of evidence to the contrary, to hold a sufficient number of the voting rights to affect materially the control of the issuer.
Send us an Email
#2, 23 East Lake Crescent NE
Airdrie, Alberta, CANADA T4A 2H5
Email: Support@Cantest.Fund
Cantest Solutions, Oasis Technology, Cantest Technologies - United States and Global Expansion
Executive Summary
OVERVIEW
Cantest Funding Corp. is a vehicle to raise CDN $5 million to fund the Cantest Group of companies, Cantest Solutions Inc. and its direct subsidiaries.
Cantest needs to improve and expand its current facility in Airdrie, Alberta. Oasis Technologies is focused on new technology products, Cantest Technologies is expanding into new markets with proven technologies used to dominate the Canadian market.
Cantest Solutions Inc, founded in 1994 to service new regulations and manage compliance for oil and gas companies, is always searching for new products and services to better service existing customers in oil & gas, property management, government, and transportation. The closing date for the initial funding is November 1, 2017.
THE PROBLEM
There are approximately 121,500 gas stations in the United States that employ nearly 1 million people. This is compared to 11,916 retail gasoline stations operating in Canada. The gas stations are serviced by petroleum services companies who provide building design, building construction, tank installation, gas pumps, point of sale and compliance services. Our target market is the approximately 1,500 petroleum service companies in the U.S. who provide business-to-business services with retail gas stations.
Petroleum service companies have spent time and money to stay up to date with the latest technology for their products and service offerings. They invest in assets such as trucks, tooling, and buildings. By and large, however, the companies themselves aren’t managed with efficient software systems to gain competitive advantages. Human Resources, Operations, Marketing and Sales divisions in most petroleum service companies are managed on spreadsheets at best. They lack IT departments to deploy the latest software technologies to improve business performance and profitability. The petroleum service sector, as a whole, is lagging behind other industries in utilizing technology to improve business process, increase efficiencies and drive profits.
CANTEST TECHNOLOGIES
Cantest Technologies Inc. has a series of compelling software applications designed to manage, track and report all of the day-to-day transactions occurring in a petroleum services company. Six different programs will be available to improve the customer’s revenue growth and profitability.
CanERP - ERP
The Cantest Enterprise Resource Planning (CanERP), handles financial management, order management, materials, purchasing and operations. The system handles dozens of service variations and hundreds of unique customer requirements. Cloud based interface, database driven, accessible on all devices and always online.
CanSchedule - SCHEDULE
CanSchedule is a technician interface to the CanERP. Cloud based interface, database driven, accessible on all devices and always online. It facilitates technician specific information. GPS truck data is available, E-logbooks for commercial vehicles, log tracking/reporting, travel receipts, truck reports and most common interactions with Service Technicians is handled here. http://schedule.cantest.net
CanCRM - CRM
CanCRM was created to facilitate sales/marketing activities and is also an interface for the CanERP. Cloud based interface, database driven, accessible on all devices and always online. http://crm.cantest.net/
CanClient - CLIENT
CanClient is the customer interface for the CanERP; specifically maintained to support customer inquiries. Cloud based interface, database driven, accessible on all devices and always online. http://client.cantest.net/
CanKnow - UNIVERSITY
Cantest University is built on Moodle as a learning platform. Cloud based interface, database driven, accessible on all devices and always online. It has been developed and maintained as a central repository for all Cantest knowledge, policy, process, procedure, and training certification/traceability. http://university.cantest.net.
CanHire - HIRING
CanHiring is a hiring funnel program to help facilitate the hiring of top applicants. It’s a talent funnel providing automated recruiting and screening. The system comes with applications, assessments and screening tools to find the right candidates. http://careers.cantest.net/
OASIS TECHNOLOGY
Oasis Technology will offer three distinct product lines.
OWL – Smart security
Owl is focused primarily on vision systems and threat detection.
Bullfrog –Environmental intelligence
Bullfrog is focused on air quality, water quality and asset integrity.
Komondor - Personal automation
Komondor is focused on personal automation for consumers.
Core Technologies
Object Recognition – These include facial recognition, object detection, object recognition, human and vehicle detection at great distances for outdoor security.
Sensor Integration/Interpretation -These are sensing equipment for containment testing, tank testing, sump testing, barometric, etc. used in Cantest and for resale.
Oasis.FYI
This features new web interface learning from SQC – the industrial Internet of things IIOT. They are all devices in one console visual interface for all IoT devices, network data, etc.
Oasis Power
We manage off-grid solar and wind.
Oasis Communication
Alternate methods of streamlined communication management. These include wifi, mobility/cellular, satellite, Bluetooth SSH, SSL, secure data transmission, honeypot GPS devices, OBD devices and GPS data.
FABRICATION, DEVELOPMENT and DEPLOYMENT.
Cantest maintains its own full fabrication facilities, complete with modern rapid prototyping capabilities. These facilities enable quick and efficient response to product development as well as existing product and service support. At Cantest, we recognize that our research and development mandate contributes to the sustainability of our business and is a high return investment.
REVENUE MODEL
Cantest will operate a Software as a Service (SaaS) model. Software will be accessed in the cloud by any device with an Internet connection. Companies won’t have to invest in expensive hardware to run the software. Also, the software will be secure and available 24/7.
COMPETITION
Service companies in the U.S. and globally offering services similar to Cantest Solutions operate with significantly lower labour costs and consequently precludes the Cantest Solutions business model as it exists in Canada to be exported directly without modification.
Cantest Solutions has proven to be a successful competitor in Canada leveraging technologies years ahead of its competitors at home.
Software as a Service (SaaS) companies exist globally and are very competitive. Cantest expects to continue leveraging its successful Service Delivery experience and unique technologies into the U.S. market and globally.
There will be stiff competition at every level of the market. In the petroleum industry, there are industry-specific ERP programs such as Petroleum Insights Accounting/ERP System, MyQuorum and Key Information Technologies. Cantest will have several competitive advantages for each program enabling solid growth in the face of competition.
Discussions and research to date have identified petroleum service companies from A1 Pump in Texas, Tanknology USA, Crompco USA to SGS globally have a need for Advanced Service Delivery technologies but lack the implementation strategies and specific software solutions to achieve their desired goals.
Numerous technology companies exist in the U.S., Asia and Europe but lack the ability to understand or communicate with low cost and tight margin Service Delivery companies
Cantest Technologies will thread the needle of opportunity using the cumulative knowledge and experience of Cantest Solutions to dominate all potential competitors.
Oasis Technology is dedicated to a different tactic using bleeding edge technology in artificial intelligence, deep learning, internet of things (IoT), Enterprise IoT, Industrial IoT and communications. Oasis is competing by leveraging the long standing relationships of Cantest Solutions to date in addition to producing advanced technological solutions. The combination of Advanced Technology with well established industry relationships is an advantage that many companies can only dream of.
GO TO MARKET STRATEGY
Cantest Solutions will continue to focus on the Canadian marketplace working existing core services and reaching to secure all major network accounts, this remains unchanged.
Oasis Technology is targeting new and existing customers from the Canadian marketplace with new products and services in an effort to build off the Cantest strengths to date as well as to create greater product diversity for the future of the Cantest group.
Oasis Technology is committed to a North American target market building off existing industry knowledge and relationships.
Cantest Technologies has already engaged the U.S. marketplace and will increase sales and marketing efforts as existing technologies of Cantest Solutions are productized and commercialized for service companies similar to Cantest Solutions outside of Canada.
Texas privatized its meter calibration services as of September 1, 2017. California is the most populated state in the U.S., has 16,000 gas stations and nearly 200 petroleum service companies.
Cantest Solutions traditional business model has evolved to compete in the Canadian marketplace and will continue to redouble its efforts locally, and will be exploring more opportunities to create more products and services that can compete in a global marketplace which will include technology, training and specialty services where the greatest probability of profitability exists.
USE OF PROCEEDS
The use of proceeds is committed to the development of new products and services; as well as the evolution of technologies and core competencies created from over 20+ years as a successful service company in the Canadian marketplace. Major initiatives will be dedicated to marketing and sales expansion in the United States and SaaS product offerings globally. Extensive product development for both Oasis Technology and Cantest Technologies is underway to increase product and service options for Cantest Solutions and the Canadian market in the future. Marketing and sales efforts will require management, sales and customer service people to be more productive and effective to approach more competititve markets globally. A new building addition is underway in Airdrie to accommodate increased staffing, development and facility requirements.
$850K - committed for building addition / facility expansion / renovation
$2.5M - committed to Oasis Technology which will fund through break even (1/3 marketing, 2/3 development)
$1.65M - committed to Cantest Technologies for development which will fund through break even (1/3 marketing, 2/3 development)
Thank you to all of our debenture holders. There are no further closings scheduled at this time. If you are interested in future Cantest.Fund investment opportunities please contact support@cantest.fund..
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