OSC Bulletin · Deborah Leckman — DL Alan J. Lenczner — AJL Christopher Portner — CP Judith N. Robertson — JNR AnneMarie Ryan — AMR Charles Wesley Moore (Wes) Scott —

The Ontario Securities Commission

OSC Bulletin

April 25, 2013

Volume 36, Issue 17

(2013), 36 OSCB

The Ontario Securities Commission administers the Securities Act of Ontario (R.S.O. 1990, c. S.5) and the

Commodity Futures Act of Ontario (R.S.O. 1990, c. C.20)

The Ontario Securities Commission Published under the authority of the Commission by:Cadillac Fairview Tower Carswell, a Thomson Reuters businessSuite 1903, Box 55 One Corporate Plaza 20 Queen Street West 2075 Kennedy Road Toronto, Ontario Toronto, Ontario M5H 3S8 M1T 3V4

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April 25, 2013 (2013) 36 OSCB

Table of Contents

Chapter 1 Notices / News Releases ......................4389 1.1 Notices ..........................................................43891.1.1 Current Proceedings before the Ontario Securities Commission ......................43891.2 Notices of Hearing........................................4396 1.2.1 Bunting & Waddington Inc. et al. – ss. 127(1), 127.1 ........................................4396 1.2.2 Colby Cooper Capital Inc. et al. – s. 127 of the Act and Rule 12 of the OSC Rules of Procedure ..........................4397 1.3 News Releases .............................................4398 1.3.1 Richard Bruce Moore Settles with the Ontario Securities Commission on Insider Trading Violation............................4398 1.3.2 Canadian Securities Regulators Release MFDA Oversight Review Report ....................4399 1.3.3 CSA Seeks Comment on Proposals for Derivatives Market Registration and Regulation ...............................................4401 1.3.4 OSC Requests New Members for Investment Funds Product Advisory Committee .......................................4403 1.4 Notices from the Office of the Secretary ............................................4404 1.4.1 Richard Bruce Moore .....................................4404 1.4.2 New Futures Trading International Corporation and Fernando Honorate Fagundes also known as Henry Roche..........4404 1.4.3 Vincent Ciccone and Cabo Catoche Corp. (a.k.a. Medra Corp. and Medra Corporation) ........................................4405 1.4.4 Bunting & Waddington Inc. et al. – ss. 127(1), 127.1 ........................................4405 1.4.5 Heritage Education Funds Inc. .......................44061.4.6 Colby Cooper Capital Inc. et al.......................4406 1.4.7 FactorCorp Inc. et al. ......................................4407 1.4.8 Heritage Management Group and Anna Hrynisak ................................................44071.4.9 Global Consulting and Financial Services et al..................................................4408 1.4.10 Portfolio Capital Inc. et al................................4408

Chapter 2 Decisions, Orders and Rulings ............4409 2.1 Decisions ......................................................4409 2.1.1 Canaco Resources Inc. ..................................44092.1.2 Brookfield Property Partners L.P. ..................4412 2.1.3 Aurion Capital Management Inc. ....................4416 2.1.4 Penfold Capital Acquisition IV Corporation ................................................4422 2.1.5 Desjardins Investments Inc. et al....................4425 2.1.6 Barclays Capital Inc. et al. ..............................44292.2 Orders............................................................4440 2.2.1 Richard Bruce Moore – ss. 127, 127.1 of the Act and Rule 12 of the OSC Rules of Procedure ................................4440 2.2.2 Prestige Telecom Inc. – s. 144 .......................4442

2.2.3 New Futures Trading International Corporation and Fernando Honorate Fagundes also known as Henry Roche – Rule 1.5.3 of the OSC Rules of Procedure ............................... 4445 2.2.4 Vincent Ciccone and Cabo Catoche Corp. (a.k.a. Medra Corp. and Medra Corporation)........................................ 4446 2.2.5 Heritage Education Funds Inc........................ 44502.2.6 FactorCorp Inc. et al. ..................................... 4451 2.2.7 Heritage Management Group and Anna Hrynisak ............................................... 44522.2.8 Global Consulting and Financial Services et al. ............................................... 4452 2.2.9 Portfolio Capital Inc. et al. – ss. 127, 127.1 ............................................ 4453 2.2.10 Government Strip Bond Trust – s. 1(10)(a)(ii) .............................................. 4453 2.3 Rulings............................................................(nil)

Chapter 3 Reasons: Decisions, Orders and Rulings .................................................. 44553.1 OSC Decisions, Orders and Rulings.......... 4455 3.1.1 Richard Bruce Moore ..................................... 4455 3.2 Court Decisions, Order and Rulings ............(nil)

Chapter 4 Cease Trading Orders .......................... 44634.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders......................... 4463 4.2.1 Temporary, Permanent & Rescinding Management Cease Trading Orders ............. 4463 4.2.2 Outstanding Management & Insider Cease Trading Orders ................................... 4463

Chapter 5 Rules and Policies ..................................(nil)

Chapter 6 Request for Comments ........................ 4465 6.1.1 Proposed Amendments to OSC Rule 45-501 Ontario Prospectus and Registration Exemptions and Proposed Amendments to NI 45-106 Prospectus and Registration Exemptions ...... 4465

Chapter 7 Insider Reporting.................................. 4473

Chapter 8 Notice of Exempt Financings............... 4541 Reports of Trades Submitted on Forms 45-106F1 and 45-501F1.............. 4541

Chapter 9 Legislation...............................................(nil)

Chapter 11 IPOs, New Issues and Secondary Financings............................................. 4547

Chapter 12 Registrations......................................... 4555 12.1.1 Registrants..................................................... 4555

Table of Contents

April 25, 2013 (2013) 36 OSCB

Chapter 13 SROs, Marketplaces and Clearing Agencies.................................. (nil)

13.1 SROs............................................................... (nil) 13.2 Marketplaces.................................................. (nil) 13.3 Clearing Agencies ......................................... (nil)

Chapter 25 Other Information................................... (nil)

Index ............................................................................4557

April 25, 2013 (2013) 36 OSCB 4389

Chapter 1

Notices / News Releases

1.1 Notices

1.1.1 Current Proceedings Before The Ontario Securities Commission

April 25, 2013

CURRENT PROCEEDINGS

BEFORE

ONTARIO SECURITIES COMMISSION

- - - - - - - - - - - - - - - - - - - - -

Unless otherwise indicated in the date column, all hearings will take place at the following location:

Ontario Securities Commission Cadillac Fairview Tower 20 Queen Street West, 17th Floor Toronto, Ontario M5H 3S8

Telephone: 416-597-0681 Telecopier: 416-593-8348

CDS TDX 76

- - - - - - - - - - - - - - - - - - - - -

THE COMMISSIONERS

Howard I. Wetston, Chair — HIW James E. A. Turner, Vice Chair — JEAT Lawrence E. Ritchie, Vice Chair — LER Mary G. Condon, Vice Chair — MGC Sinan O. Akdeniz — SOA Catherine E. Bateman — CEB James D. Carnwath — JDC Sarah B. Kavanagh — SBK Edward P. Kerwin — EPK Vern Krishna __ VK Deborah Leckman — DL Alan J. Lenczner — AJL Christopher Portner — CP Judith N. Robertson — JNR AnneMarie Ryan — AMR Charles Wesley Moore (Wes) Scott — CWMS

SCHEDULED OSC HEARINGS

April 29 – May 6 and May 8-10, 2013

10:00 a.m.

North American Financial Group Inc., North American Capital Inc., Alexander Flavio Arconti, and Luigino Arconti

s. 127

M. Vaillancourt in attendance for Staff

Panel: JDC

May 1, 2013

10:00 a.m.

Ronald James Ovenden, New Solutions Capital Inc., New Solutions Financial Corporation and New Solutions Financial (Ii) Corporation

s. 127

Y. Chisholm in attendance for Staff

Panel: EPK

May 8, 2013

10:00 a.m.

May 9-13, 2013

11:00 a.m.

Matthew Robert White and White Capital Corporation

s. 8

Y. Chisholm/C. Weiler in attendance forStaff

Panel: JEAT/MGC

May 9, 2013

10:00 a.m.

New Solutions Capital Inc., New Solutions Financial Corporation, New Solutions Financial (II) Corporation, New Solutions Financial (III) Corporation, New Solutions Financial (VI) Corporation and Ron Ovenden

s. 127


Panel: EPK


April 25, 2013 (2013) 36 OSCB 4390

May 10, 2013

10:00 a.m.

Children’s Education Funds Inc.

s. 127

D. Ferris in attendance for Staff

Panel: JEAT

May 14, 2013

10:00 a.m.

York Rio Resources Inc., Brilliante Brasilcan Resources Corp., Victor York, Robert Runic, George Schwartz, Peter Robinson, Adam Sherman, Ryan Demchuk, Matthew Oliver, Gordon Valde and Scott Bassingdale

s. 127

H. Craig/C. Watson in attendance for Staff

Panel: VK/EPK

May 14-17 and May 22-24, 2013

10:00 a.m.

Energy Syndications Inc. Green Syndications Inc. , Syndications Canada Inc., Daniel Strumos, Michael Baum and Douglas William Chaddock

s. 127

C. Johnson in attendance for Staff

Panel: AJL

May 15, 2013

10:00 a.m.

Quadrexx Asset Management Inc., Quadrexx Secured Assets Inc., Offshore Oil Vessel Supply Services LP, Quibik Income Fund and Quibik Opportunities Fund

s. 127


Panel: JEAT

May 15-16 and May 30, 2013

10:00 a.m.

Sandy Winick, Andrea Lee McCarthy, Kolt Curry, Laura Mateyak, Gregory J. Curry, American Heritage Stock Transfer Inc., American Heritage Stock Transfer, Inc., BFM Industries Inc., Liquid Gold International Corp., (aka Liquid Gold International Inc.) and Nanotech Industries Inc.

s. 127

J. Feasby in attendance for Staff

Panel: JDC

May 17, 2013

10:00 a.m.

Blackwood & Rose Inc., Steven Zetchus and Justin Kreller (also known as Justin Kay)

s. 37, 127 and 127.1

C. Rossi in attendance for Staff

Panel: JEAT

May 22, 2013

9:45 a.m.

Global Consulting and Financial Services, Global Capital Group, Crown Capital Management Corp., Michael Chomica, Jan Chomica and Lorne Banks

s. 127


Panel: AJL

May 22, 2013

10:00 a.m.

FactorCorp Inc., FactorCorp Financial Inc. and Mark Twerdun

s. 127

C. Price in attendance for Staff

Panel: CP

May 22-31, 2013

10:00 a.m.

2196768 Ontario Ltd carrying on business as Rare Investments, Ramadhar Dookhie, Adil Sunderji and Evgueni Todorov

s. 127

D. Campbell in attendance for Staff

Panel: EPK


April 25, 2013 (2013) 36 OSCB 4391

May 27, 2013

10:00 a.m.

AMTE Services Inc., Osler Energy Corporation, Ranjit Grewal, Phillip Colbert and Edward Ozga

s. 127


Panel: JEAT

May 27, 2013

11:00 a.m.

Heritage Education Funds Inc.

s. 127


Panel: JEAT

May 28-31, June 5-6, 10-12, 14-17, 19-20 and July 22-26, 2013

10:00 a.m.

Jowdat Waheed and Bruce Walter

s. 127

J. Lynch in attendance for Staff

Panel: CP/SBK/PLK

June 5-17 and June 19-25, 2013

10:00 a.m.

David Charles Phillips and John Russell Wilson

s. 127


Panel: JDC

June 6, 2013

10:00 a.m.

New Hudson Television Corporation, New Hudson Television L.L.C. & James Dmitry Salganov

s. 127

C. Watson in attendance for Staff

Panel: MGC

June 6, 2013

10:00 a.m.

New Hudson Television LLC & Dmitry James Salganov

s. 127


Panel: MGC

June 6, 2013

11:00 a.m.

Ground Wealth Inc., Armadillo Energy Inc., Paul Schuett, Doug DeBoer, James Linde, Susan Lawson, Michelle Dunk, Adrion Smith, Bianca Soto and Terry Reichert

s. 127


Panel: MGC

June 6, 2013

11:00 a.m.

Ground Wealth Inc., Michelle Dunk, Adrion Smith, Joel Webster, Douglas DeBoer, Armadillo Energy Inc., Armadillo Energy, Inc., and Armadillo Energy LLC

s. 127


Panel: MGC

June 14, 2013

10:00 a.m.

Juniper Fund Management Corporation, Juniper Income Fund, Juniper Equity Growth Fund and Roy Brown (a.k.a. Roy Brown-Rodrigues)

s. 127 and 127.1


Panel: VK

June 19, 2013

11:00 a.m.

Knowledge First Financial Inc.

s. 127


Panel: JEAT

July 3, 2013

10:00 a.m.

Alexander Christ Doulis (aka Alexander Christos Doulis, aka Alexandros Christodoulidis) and Liberty Consulting Ltd.

s. 127


Panel: VK


April 25, 2013 (2013) 36 OSCB 4392

July 31, 2013

10:00 a.m.

Oversea Chinese Fund Limited Partnership, Weizhen Tang and Associates Inc., Weizhen Tang Corp., and Weizhen Tang

s. 127 and 127.1

H. Craig in attendance for Staff

Panel: MGC

September 16-23, September 25 –October 7, October 9-21, October 23 –November 4, November 6-18, November 20 –December 2, December 4-16 and December 18-20, 2013

10:00 a.m.

Eda Marie Agueci, Dennis Wing, Santo Iacono, Josephine Raponi, Kimberley Stephany, Henry Fiorillo, Giuseppe (Joseph) Fiorini, John Serpa, Ian Telfer, Jacob Gornitzki and Pollen Services Limited

s. 127

U. Sheikh in attendance for Staff

Panel: JDC

October 15-21, October 23-29, 2013

10:00 a.m.

Normand Gauthier, Gentree Asset Management Inc., R.E.A.L. Group Fund III (Canada) LP, and CanPro Income Fund I, LP

s. 127

B. Shulman in attendance for Staff

Panel: EPK

November 4 and November 6-18, 2013

10:00 a.m.

Systematech Solutions Inc., April Vuong and Hao Quach

s. 127


Panel: TBA

January 13, January 15-27, January 29-February 10, February 12-14 and February 18-21, 2014

10:00 a.m.

International Strategic Investments, International Strategic Investments Inc., Somin Holdings Inc., Nazim Gillani and Ryan J. Driscoll.

s. 127


Panel: TBA

May 5-16 and May 20 – June 20, 2014

10:00 a.m.

Paul Azeff, Korin Bobrow, Mitchell Finkelstein, Howard Jeffrey Miller and Man Kin Cheng (a.k.a. Francis Cheng)

s. 127

T. Center/D. Campbell in attendance for Staff

Panel: TBA

In writing Morgan Dragon Development Corp., John Cheong (aka Kim Meng Cheong), Herman Tse, Devon Ricketts and Mark Griffiths

s. 127


Panel: EPK

TBA Yama Abdullah Yaqeen

s. 8(2)

J. Superina in attendance for Staff

Panel: TBA

TBA Microsourceonline Inc., Michael Peter Anzelmo, Vito Curalli, Jaime S. Lobo, Sumit Majumdar and Jeffrey David Mandell

s. 127

Panel: TBA

TBA Frank Dunn, Douglas Beatty, Michael Gollogly

s. 127

Panel: TBA

TBA MRS Sciences Inc. (formerly Morningside Capital Corp.), Americo DeRosa, Ronald Sherman, Edward Emmons and Ivan Cavric

s. 127 and 127(1)


Panel: TBA


April 25, 2013 (2013) 36 OSCB 4393

TBA Gold-Quest International and Sandra Gale

s. 127

C. Johnson in attendance for Staff

Panel: TBA

TBA Brilliante Brasilcan Resources Corp., York Rio Resources Inc., Brian W. Aidelman, Jason Georgiadis, Richard Taylor and Victor York

s. 127


Panel: TBA

TBA Uranium308 Resources Inc., Michael Friedman, George Schwartz, Peter Robinson, and Shafi Khan

s. 127

H. Craig/C.Rossi in attendance for Staff

Panel: TBA

TBA Innovative Gifting Inc., Terence Lushington, Z2A Corp., and Christine Hewitt

s. 127


Panel: TBA

TBA David M. O’Brien

s. 37, 127 and 127.1

B. Shulman in attendance for Staff

Panel: TBA

TBA Bunting & Waddington Inc., Arvind Sanmugam, Julie Winget and Jenifer Brekelmans

s. 127

M. Britton/A. Pelletier in attendance for Staff

Panel: TBA

TBA Beryl Henderson

s. 127

Panel: TBA

TBA Crown Hill Capital Corporation and Wayne Lawrence Pushka

s. 127

A. Perschy/A. Pelletier in attendance for Staff

Panel: TBA

TBA Portus Alternative Asset Management Inc., Portus Asset Management Inc., Boaz Manor, Michael Mendelson, Michael Labanowich and John Ogg

s. 127

H Craig in attendance for Staff

Panel: TBA


April 25, 2013 (2013) 36 OSCB 4394

TBA Irwin Boock, Stanton Defreitas, Jason Wong, Saudia Allie, Alena Dubinsky, Alex Khodjaiants, Select American Transfer Co., Leasesmart, Inc., Advanced Growing Systems, Inc., International Energy Ltd., Nutrione Corporation, Pocketop Corporation, Asia Telecom Ltd., Pharm Control Ltd., Cambridge Resources Corporation, Compushare Transfer Corporation, Federated Purchaser, Inc., TCC Industries, Inc., First National Entertainment Corporation, WGI Holdings, Inc. and Enerbrite Technologies Group

s. 127 and 127.1

D. Campbell in attendance for Staff

Panel: TBA

TBA Ernst & Young LLP

s. 127 and 127.1

A. Clark in attendance for Staff

Panel: TBA

TBA Newer Technologies Limited, Ryan Pickering and Rodger Frey

s. 127 and 127.1

B. Shulman in attendance for staff

Panel: TBA

TBA Nest Acquisitions and Mergers, IMG International Inc., Caroline Myriam Frayssignes, David Pelcowitz, Michael Smith, and Robert Patrick Zuk

s. 37, 127 and 127.1

C. Price in attendance for Staff

Panel: TBA

TBA Sino-Forest Corporation, Allen Chan, Albert Ip, Alfred C.T. Hung, George Ho, Simon Yeung and David Horsley

s. 127


Panel: TBA

TBA Sino-Forest Corporation, Allen Chan, Albert Ip, Alfred C.T. Hung, George Ho and Simon Yeung

s. 127


Panel: TBA

TBA Fawad Ul Haq Khan and Khan Trading Associates Inc. carrying on business as Money Plus

s. 60 and 60.1 of the Commodity Futures Act

T. Center in attendance for Staff

Panel: TBA

TBA Global RESP Corporation and Global Growth Assets Inc.

s. 127


Panel: TBA

TBA Issam El-Bouji, Global RESP Corporation, Global Growth Assets Inc., Global Educational Trust Foundation and Margaret Singh

s. 127 and 127.1


Panel: TBA


April 25, 2013 (2013) 36 OSCB 4395

TBA Rezwealth Financial Services Inc., Pamela Ramoutar, Justin Ramoutar, Tiffin Financial Corporation, Daniel Tiffin, 2150129 Ontario Inc., Sylvan Blackett, 1778445 Ontario Inc. and Willoughby Smith

s. 127(1) and (5)

A. Heydon/Y. Chisholm in attendance for Staff

Panel : TBA

TBA. Moncasa Capital Corporation and John Frederick Collins

s. 127

T. Center in attendance for Staff

Panel: EPK

TBA Garth H. Drabinsky, Myron I. Gottlieb and Gordon Eckstein

s. 127

A. Clark/J. Friedman in attendance for Staff

Panel: TBA

TBA Vincent Ciccone and Cabo Catoche Corp. (a.k.a. Medra Corp. and Medra Corporation)

s. 127


Panel: TBA

TBA Onix International Inc. and Tyrone Constantine Phipps

s. 127


Panel: TBA

TBA Portfolio Capital Inc., David Rogerson and Amy Hanna-Rogerson

s. 127

J. Lynch in attendance for Staff

Panel: TBA

TBA Heritage Management Group and Anna Hrynisak

s. 127


Panel: TBA

TBA Global Consulting and Financial Services, Crown Capital Management Corporation, Canadian Private Audit Service, Executive Asset Management, Michael Chomica, Peter Siklos (also known as Peter Kuti), Jan Chomica, and Lorne Banks

s. 127


Panel: TBA

TBA Global Energy Group, Ltd., New Gold Limited Partnerships, Christina Harper, Howard Rash, Michael Schaumer, Elliot Feder, Vadim Tsatskin, Oded Pasternak, Alan Silverstein, Herbert Groberman, Allan Walker, Peter Robinson, Vyacheslav Brikman, Nikola Bajovski, Bruce Cohen and Andrew Shiff

s. 127


Panel: TBA


April 25, 2013 (2013) 36 OSCB 4396

ADJOURNED SINE DIE

Global Privacy Management Trust and Robert Cranston

LandBankers International MX, S.A. De C.V.; Sierra Madre Holdings MX, S.A. De C.V.; L&B LandBanking Trust S.A. De C.V.; Brian J. Wolf Zacarias; Roger Fernando Ayuso Loyo, Alan Hemingway, Kelly Friesen, Sonja A. McAdam, Ed Moore, Kim Moore, Jason Rogers and Dave Urrutia

Hollinger Inc., Conrad M. Black, F. David Radler, John A. Boultbee and Peter Y. Atkinson

1.2 Notices of Hearing

1.2.1 Bunting & Waddington Inc. et al. – ss. 127(1), 127.1

IN THE MATTER OF THE SECURITIES ACT,

R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF BUNTING & WADDINGTON INC.,

ARVIND SANMUGAM, JULIE WINGET and JENIFER BREKELMANS

NOTICE OF HEARING (Subsections 127(1) and 127.1)

TAKE NOTICE that the Ontario Securities Commission (the “Commission”) will hold a hearing pursuant to section 127(1) and 127.1 of the Securities Act,R.S.O., 1990 c. S.5, as amended at the Commission’s offices at 20 Queen Street West, 17th Floor, Toronto, Ontario, on April 24, 2013 at 2:00 p.m. or as soon thereafter as the hearing can be held;

AND TAKE NOTICE that the purpose of the hearing is for the Commission to consider whether it is in the public interest to approve the settlement agreement between Staff of the Commission and the Respondent Jenifer Brekelmans;

BY REASON OF the allegations set out in the Statement of Allegations dated March 22, 2012 and such additional allegations as counsel may advise and the Commission may permit;

AND TAKE FURTHER NOTICE that any party to the proceedings may be represented by counsel at the hearing; and

AND TAKE FURTHER NOTICE that upon failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party and such party is not entitled to any further notice of the proceeding.

DATED at Toronto this 18th day of April, 2013.

“Daisy Aranha” Per: John Stevenson Secretary to the Commission


April 25, 2013 (2013) 36 OSCB 4397

1.2.2 Colby Cooper Capital Inc. et al. – s. 127 of the Act and Rul 12 of the OSC Rules of Procedure



AND

IN THE MATTER OF COLBY COOPER CAPITAL INC.,

COLBY COOPER INC., PAC WEST MINERALS LIMITED JOHN DOUGLAS LEE MASON

AND

IN THE MATTER OF A SETTLEMENT AGREEMENT BETWEEN STAFF OF

THE ONTARIO SECURITIES COMMISSION and COLBY COOPER CAPITAL INC.,

COLBY COOPER INC., PAC WEST MINERALS LIMITED and

JOHN DOUGLAS LEE MASON

NOTICE OF HEARING (Section 127 of the Act and Rule 12 of the Commission’s Rules of Procedure)

TAKE NOTICE THAT the Ontario Securities Commission (the "Commission") will hold a hearing pursuant to section 127 of the Ontario Securities Act,R.S.O. 1990, c. S.5, as amended (the "Act") at the offices of the Commission, at 20 Queen Street West, 17th Floor, Toronto, Ontario, M5H 3S8, on April 24, 2013 at 10:00 a.m., or as soon thereafter as the hearing can be held:

AND TAKE NOTICE that the purpose of the hearing is for the Commission to consider whether it is in the public interest to approve the Settlement Agreement between Staff of the Commission and Colby Cooper Capital Inc., Colby Cooper Inc., Pac West Minerals Limited, and John Douglas Lee Mason;

BY REASON OF the allegations set out in the Statement of Allegations of Staff of the Commission dated March 27, 2012, and such additional allegations as counsel may advise and the Commission may permit;

AND TAKE FURTHER NOTICE that any party to the proceedings may be represented by counsel at the hearing;

AND TAKE FURTHER NOTICE that upon failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party and such party is not entitled to any further notice of the proceedings.


“Daisy G. Aranha” per: John Stevenson Secretary to the Commission


April 25, 2013 (2013) 36 OSCB 4398

1.3 News Releases

1.3.1 Richard Bruce Moore Settles with the Ontario Securities Commission on Insider Trading Violation

FOR IMMEDIATE RELEASE April 16, 2013

RICHARD BRUCE MOORE SETTLES WITH THE ONTARIO SECURITIES COMMISSION ON INSIDER TRADING VIOLATION

TORONTO – The Ontario Securities Commission today approved a settlement agreement reached between Staff and Richard Bruce Moore (Moore), who admitted to engaging in illegal insider trading in contravention of Ontario securities law and conductcontrary to the public interest. This follows a parallel investigation with Staff of the United States Securities and ExchangeCommission, which announced a similar settlement today in respect of Moore.

Moore’s admissions to the OSC concern two separate instances where he traded securities wrongfully related to two public issuers, Tomkins plc. and HOMEQ Corporation.

Moore was an employee of CIBC World Markets in 2010 and admitted that, between June and July 2010, he purchased securities of Tomkins after deducing, based partly on confidential information obtained as a result of his dealings with a client, that the client would likely be acquiring Tomkins.

Moore admitted that his purchases of Tomkins securities were contrary to the public interest. Specifically, he admitted that hisactions fell below the standard of behaviour expected of someone in his position and given his extensive capital markets experience, and that he ought not to have made use of information he obtained by virtue of his position as an employee of a registrant prior to its general disclosure.

Moore was an employee of UBS Securities in 2012 and admitted that, in March 2012, he received an email in error from a client of UBS, which contained material, generally undisclosed information related to the client’s proposal to acquire HOMEQ. Moore took immediate steps to purchase securities of HOMEQ in breach of the insider trading prohibition in the Ontario Securities Act.

“We have made it a priority through our Insider Trading and Market Abuse Team to identify and pursue cases of insider trading and abusive trading,” said Tom Atkinson, Director of Enforcement at the Ontario Securities Commission. “This individual used confidential, material information for his own gain, which is abusive of our capital markets and will continue to attract a vigorous enforcement response from the OSC."

Under the settlement agreement, subject to certain exceptions, Moore is prohibited from trading securities and acting as an officer or director of a public company for a period of ten years and prohibited from becoming a registrant or an officer and director of a registrant for 15 years.

Moore has undertaken to make a voluntary payment of $300,000, which represents all of the profits related to his trades in the common shares of Tomkins plus approximately $25,000. Moore must also pay costs of $75,000 to the Commission. In relation to the HOMEQ trades, Moore must disgorge all profits obtained of $43,268.94 and pay an administrative penalty of $86,000, which represents two times the profits made.

Moore voluntarily brought the HOMEQ conduct to the attention of OSC Staff during the investigation of the Tomkins conduct. As such, the agreed sanctions reflect credit for Moore’s cooperation as per Staff Notice 15-702.

Staff of the OSC acknowledge the assistance and cooperation of the U.S. Securities and Exchange Commission and the Jersey Financial Services Commission in this matter.

A copy of the Order approving the Settlement Agreement with Moore is available at www.osc.gov.on.ca.

For Media Inquiries: [email protected] Follow us on Twitter: OSC_News

Carolyn Shaw-Rimmington For Investor Inquiries:Manager, Public Affairs 416-593-2361 OSC Contact Centre 416-593-8314 Alison Ford 1-877-785-1555 (Toll Free) Media Relations Specialist 416-593-8307


April 25, 2013 (2013) 36 OSCB 4399

1.3.2 Canadian Securities Regulators Release MFDA Oversight Review Report


CANADIAN SECURITIES REGULATORS RELEASE MFDA OVERSIGHT REVIEW REPORT

Vancouver – The Canadian Securities Administrators (CSA) today released the Oversight Review Report on the performance of the Mutual Fund Dealers Association of Canada (MFDA).

This coordinated review was undertaken by the seven provincial securities regulators that recognize the MFDA: the Alberta Securities Commission, the British Columbia Securities Commission, the Financial and Consumer Affairs Authority of Saskatchewan, the Manitoba Securities Commission, the New Brunswick Securities Commission, the Nova Scotia Securities Commission, and the Ontario Securities Commission (the Recognizing Regulators).

Overall, the Recognizing Regulators are satisfied that the MFDA met the terms and conditions of the recognition orders in the areas covered during the review period.

The review involved a new, risk-based methodology that assessed the inherent risks of each functional area of the MFDA. The objectives of the review were to:

• assess whether the MFDA was in compliance with the terms and conditions of its recognition orders;

• determine whether the MFDA’s regulatory processes were efficient, effective, consistent and fair; and

• evaluate whether the MFDA had adequate staffing, resources and training to effectively and efficiently perform its regulatory functions.

The Oversight Review Report details the objectives, methodology, report format, scope and findings of the oversight review for the review period from January 1, 2009 to June 30, 2012. The report also includes the MFDA’s responses to the report’s recommendations and the Recognizing Regulators’ evaluation of, and intended follow-up to, those responses.

To view the report, visit the Recognizing Regulators’ websites.

The CSA, the council of securities regulators of Canada’s provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets.

For more information:

Mark Dickey Carolyn Shaw-Rimmington Alberta Securities Commission Ontario Securities Commission403-297-4481 416-593-2361

Sylvain Théberge Richard Gilhooley Autorité des marchés financiers British Columbia Securities Commission 514-940-2176 604-899-6713

Ainsley Cunningham Wendy Connors-Beckett Manitoba Securities Commission New Brunswick Securities Commission 204-945-4733 506-643-7745

Tanya Wiltshire Daniela Machuca Nova Scotia Securities Commission Financial and Consumer Affairs 902-424-8586 Authority of Saskatchewan 306-798-4160

Janice Callbeck Doug Connolly The Office of the Superintendent of Financial Services Regulation Division of Securities, P.E.I. Newfoundland and Labrador 902-368-6288 709-729-2594


April 25, 2013 (2013) 36 OSCB 4400

Rhonda Horte Louis Arki Office of the Yukon Superintendent Nunavut Securities Office of Securities 867-975-6587 867-667-5466

Donn MacDougall Northwest Territories Securities Office867-920-8984


April 25, 2013 (2013) 36 OSCB 4401

1.3.3 CSA Seeks Comment on Proposals for Derivatives Market Registration and Regulation


CSA SEEKS COMMENT ON PROPOSALS FOR DERIVATIVES MARKET REGISTRATION AND REGULATION

Vancouver – The Canadian Securities Administrators (CSA) today published for comment Consultation Paper 91-407 – Derivatives: Registration, which sets out the CSA’s recommendations on registration and regulation of market participants trading in derivatives.

This paper details recommendations on issues such as:

• the activities that will trigger derivatives registration;

• the categories of derivatives registrants; and

• the obligations of the derivatives registrants.

“The G-20 has called for improvements to the over-the-counter derivatives markets that improve transparency, mitigate systemic risk, and protect against market abuse,” said Bill Rice, Chair of the CSA and Chair and CEO of the Alberta Securities Commission. “Responding to the G-20, the CSA has developed key recommendations on the regulation of key participants in Canada’s derivatives markets that will allow Canada to comply with international standards.”

This consultation paper is part of a series of eight CSA papers developed to improve regulatory oversight of the OTC derivativesmarket in Canada. Market participants are invited to provide comments to this consultation paper by June 17, 2013. All responses received will be published on the Autorité des marchés financiers (www.lautorite.qc.ca) and the Ontario Securities Commission (www.osc.gov.on.ca) websites.

Copies of the consultation paper are available on the following websites: the Alberta Securities Commission, Autorité des marchés financiers, the British Columbia Securities Commission, the Manitoba Securities Commission, the New Brunswick Securities Commission, the Nova Scotia Securities Commission, the Ontario Securities Commission and the Financial and Consumer Affairs Authority of Saskatchewan.

The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulationfor the Canadian capital markets.

For more information:

Lorinda Brinton Carolyn Shaw-Rimmington Alberta Securities Commission Ontario Securities Commission403-297-2665 416-593-2361

Sylvain Théberge Richard Gilhooley Autorité des marchés financiers British Columbia Securities Commission 514-940-2176 604-899-6713

Ainsley Cunningham Wendy Connors-Beckett Manitoba Securities Commission New Brunswick Securities Commission 204-945-4733 506-643-7745

Tanya Wiltshire Daniela Machuca Nova Scotia Securities Commission Financial and Consumer Affairs 902-424-8586 Authority of Saskatchewan 306-798-4160

Janice Callbeck Doug Connolly The Office of the Superintendent of Financial Services Regulation Division of Securities, P.E.I. Newfoundland and Labrador 902-368-6288 709-729-2594


April 25, 2013 (2013) 36 OSCB 4402

Rhonda Horte Louis Arki Office of the Yukon Superintendent Nunavut Securities Office of Securities 867-975-6587 867-667-5466

Donn MacDougall Northwest Territories Securities Office 867-920-8984


April 25, 2013 (2013) 36 OSCB 4403

1.3.4 OSC Requests New Members for Investment Funds Product Advisory Committee


OSC REQUESTS NEW MEMBERS FOR INVESTMENT FUNDS PRODUCT ADVISORY COMMITTEE

TORONTO – The Ontario Securities Commission (OSC) is inviting applications for membership on its Investment Funds Product Advisory Committee (IFPAC).

In an environment of rapid product growth and increasingly complex investment fund products, OSC staff recognize the unique perspective market participants, particularly product manufacturers and portfolio advisors, may have in identifying and anticipating market and product trends.

Established in 2011, the IFPAC advises OSC staff on emerging product developments and innovations occurring in the investment fund industry. The committee discusses the impact of these developments, as well as emerging issues.

Serving two-year terms, the eight to 12 committee members meet four times annually and have the opportunity to express an interest to renew their membership. Members are selected on the basis of their involvement in the investment fund industry, their knowledge of product development and their strong interest in related policy considerations. The IFPAC is currently chaired by Rhonda Goldberg, Director, Investment Funds Branch.

Representatives with industry experience in the fund or portfolio management business, and other interested persons, are invited to submit applications for membership on the IFPAC in writing, indicating their areas of practice and relevant experience. Applications are due by May 17, 2013.

Applications and questions regarding IFPAC may be forwarded in writing to:

Melissa Schofield Senior Legal Counsel, Investment Funds Branch Ontario Securities Commission 416-595-8777 [email protected]

For Media Inquiries: [email protected]

Carolyn Shaw-Rimmington Manager, Public Affairs 416-593-2361

Alison Ford Media Relations Specialist 416-593-8307

Follow us on Twitter: OSC_News

For Investor Inquiries:

OSC Contact Centre416-593-8314 1-877-785-1555 (Toll Free)


April 25, 2013 (2013) 36 OSCB 4404

1.4 Notices from the Office of the Secretary

1.4.1 Richard Bruce Moore




AND

IN THE MATTER OF RICHARD BRUCE MOORE

TORONTO – Following a hearing held today, the Commission issued an Order in the above named matter approving the Settlement Agreement reached between Staff of the Commission and Richard Bruce Moore.

A copy of the Order dated April 16, 2013 and Settlement Agreement dated April 8, 2013 are available at www.osc.gov.on.ca.

OFFICE OF THE SECRETARY JOHN P. STEVENSON SECRETARY

For media inquiries: [email protected]



For investor inquiries:

OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)

1.4.2 New Futures Trading International Corporation and Fernando Honorate Fagundes also known as Henry Roche




AND

IN THE MATTER OF NEW FUTURES TRADING INTERNATIONAL

CORPORATION and FERNANDO HONORATE FAGUNDES also known as HENRY ROCHE

TORONTO – The Commission issued an Order in the above noted matter which provides that

(a) future service on New Futures is waived, pursuant to subrule 1.5.3(3) of the Rules of Procedure; and

(b) Staff shall file materials and brief submissions in respect of New Futures no later than April 24, 2013.

A copy of the Order dated April 18, 2013 is available at www.osc.gov.on.ca.








April 25, 2013 (2013) 36 OSCB 4405

1.4.3 Vincent Ciccone and Cabo Catoche Corp. (a.k.a. Medra Corp. and Medra Corporation)




AND

IN THE MATTER OF VINCENT CICCONE and CABO CATOCHE CORP.

(a.k.a. MEDRA CORP. and MEDRA CORPORATION)

TORONTO – The Commission issued an Order in the above named matter which provides that Medra shall serve and file written submissions in response to Staff’s supplementary submissions, if any, by April 29, 2013 at 5:00 p.m.








1.4.4 Bunting & Waddington Inc. et al. – ss. 127(1), 127.1




AND

IN THE MATTER OF BUNTING & WADDINGTON INC.,

ARVIND SANMUGAM, JULIE WINGET and JENIFER BREKELMANS

TORONTO – The Office of the Secretary issued a Notice of Hearing for a hearing to consider whether it is in the public interest to approve a settlement agreement entered into by Staff of the Commission and Jenifer Brekelmans. The hearing will be held on April 24, 2013 at 2:00 p.m. on the 17th floor of the Commission's offices located at 20 Queen Street West, Toronto, Ontario.

A copy of the Notice of Hearing dated April 18, 2013 is available at www.osc.gov.on.ca.








April 25, 2013 (2013) 36 OSCB 4406

1.4.5 Heritage Education Funds Inc.




AND

IN THE MATTER OF HERITAGE EDUCATION FUNDS INC.

TORONTO – The Commission issued an Order in the above named matter pursuant to section 127 of the Act which provides that:

1. The Motion is dismissed;

2. The Temporary Order is extended to May 31, 2013, or until such further order of the Commission;

3. The hearing is adjourned to May 27, 2013 at 11:00 a.m. for the purpose of providing the Commission with an update on the work completed by the Monitor and the Consultant; and

4. The Monitor, Staff and HEFI may seek further direction from the Commission with respect to the interpretation and application of the Temporary Order if such direction becomes necessary or desirable.








1.4.6 Colby Cooper Capital Inc. et al.




AND

IN THE MATTER OF COLBY COOPER CAPITAL INC.,

COLBY COOPER INC., PAC WEST MINERALS LIMITED JOHN DOUGLAS LEE MASON

AND

IN THE MATTER OF A SETTLEMENT AGREEMENT BETWEEN STAFF OF

THE ONTARIO SECURITIES COMMISSION and COLBY COOPER CAPITAL INC.,

COLBY COOPER INC., PAC WEST MINERALS LIMITED and

JOHN DOUGLAS LEE MASON

TORONTO – The Office of the Secretary issued a Notice of Hearing for a hearing to consider whether it is in the public interest to approve a settlement agreement entered into by Staff of the Commission and Colby Cooper Capital Inc., Colby Cooper Inc., Pac West Minerals Limited, and John Douglas Lee Mason. The hearing will be held on April 24, 2013 at 10:00 a.m. on the 17th floor of the Commission's offices located at 20 Queen Street West, Toronto, Ontario.

A copy of the Notice of Hearing dated April 18, 2013 is available at www.osc.gov.on.ca.








April 25, 2013 (2013) 36 OSCB 4407

1.4.7 FactorCorp Inc. et al.




AND

IN THE MATTER OF FACTORCORP INC.,

FACTORCORP FINANCIAL INC., AND MARK IVAN TWERDUN

TORONTO – The Commission issued an Order in the above noted matter which provides that:

1. Staff shall serve and file written submissions with respect to the Questions by May 10, 2013 at 5:00 p.m.;

2. The Respondents shall serve and file written submissions with respect to the Questions by May 17, 2013 at 5:00 p.m.; and

3. The Sanctions and Costs Hearing is adjourned to May 22, 2013 at 10:00 a.m.








1.4.8 Heritage Management Group and Anna Hrynisak




AND

IN THE MATTER OF HERITAGE MANAGEMENT GROUP and

ANNA HRYNISAK

TORONTO – The Commission issued an Order in the above noted matter which provides that the hearing is adjourned to a confidential pre-hearing conference to be held on May 22, 2013 at 9:00 a.m.

The pre-hearing conference will be held in camera.

A copy of the Order dated April 17, 2013 are available at www.osc.gov.on.ca.








April 25, 2013 (2013) 36 OSCB 4408

1.4.9 Global Consulting and Financial Services et al.




AND

IN THE MATTER OF GLOBAL CONSULTING AND FINANCIAL SERVICES,

GLOBAL CAPITAL GROUP, CROWN CAPITAL MANAGEMENT CORP., MICHAEL CHOMICA, JAN CHOMICA and

LORNE BANKS

TORONTO – The Commission issued an Order in the above noted matter which provides that the hearing is adjourned to May 22, 2013 at 9:45 a.m.








1.4.10 Portfolio Capital Inc. et al.




AND

IN THE MATTER OF PORTFOLIO CAPITAL INC., DAVID ROGERSON

and AMY HANNA-ROGERSON

TORONTO – The Commission issued an Order in the above noted matter which provides that a pre-hearing conference will be held on May 27, 2013, at 9:00 a.m.

The pre-hearing conference will be held in camera.








April 25, 2013 (2013) 36 OSCB 4409

Chapter 2

Decisions, Orders and Rulings

2.1 Decisions

2.1.1 Canaco Resources Inc.

Headnote

MI 11-102, NP 11-203 and MI 61-101 – business combination – related party of an issuer has entered into a connected transaction to a business combination – related party has agreed to terminate agreements with the issuer in order to facilitate the business combination and without any economic enhancements or ancillary benefits to the related party – MI 61-101 requires that the votes attached to securities of interested parties to the business combination, including related parties that a party to a connected transaction, cannot be included in the minority approval of the business combination – relief granted allowing the votes attached to the related party’s shares to be included as part of the minority.

Applicable Legislative Provisions

Multilateral Instrument 11-102 Passport System. National Instrument 11-203 Process for Exemptive Relief

Applications in Multiple Jurisdictions. Multilateral Instrument 61-101 Protection of Minority

Security Holders in Special Transactions, ss. 8.1(2), 9.1(2).

March 27, 2013

IN THE MATTER OF THE SECURITIES LEGISLATION OF

ONTARIO (the “Jurisdiction”)

AND

IN THE MATTER OF THE PROCESS FOR EXEMPTIVE RELIEF

APPLICATIONS IN MULTIPLE JURISDICTIONS

AND

IN THE MATTER OF CANACO RESOURCES INC.

(the “Filer”)

DECISION

Background

The principal regulator in the Jurisdiction has received an application from the Filer for a decision under the securities legislation of the Jurisdiction of the principal regulator (the “Legislation”) that the Filer be exempt from the require-ment to exclude the votes attached to common shares of

the Filer held by (i) SinoTech (Hong Kong) Corporation Limited (“SinoTech”), (ii) its related parties, and (iii) joint actors of (i) and (ii), in determining minority approval of the Spinout (as defined below) pursuant to section 4.5 of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (the “Exemption Sought”);

Under the Process for Exemptive Relief Applications in Multiple Jurisdictions (for a passport application):

(a) the Ontario Securities Commission (the “Commis-sion”) is the principal regulator for this application, and

(b) the Filer has provided notice that Section 4.7(1) of Multilateral Instrument 11-202 is intended to be relied upon in Québec.

Interpretation

Terms defined in National Instrument 14-101 Definitionsand MI 11-102 have the same meaning if used in this decision, unless otherwise defined.

Representations

This decision is based upon the following facts represented by the Filer:

1. The Filer was incorporated under the Canada Business Corporations Act (the “CBCA”) and is a reporting issuer in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Québec and New Brunswick and is not in default of securities legislation in any province of Canada.

2. The authorized share capital of the Filer consists of an unlimited number of common shares (the “Common Shares”), of which approximately 200 million Common Shares are issued and outstanding as at February 26, 2013. The Common Shares are listed and posted for trading on the TSX Venture Exchange under the symbol “CAN”.

3. SinoTech is the largest shareholder of the Filer, holding approximately 20% of the outstanding Common Shares. A related party of SinoTech, Beijing Donia Resources Co., Ltd. (“Beijing Donia”), holds 3,508,771 Common Shares. Dr. Jingbin Wang, a director of the Filer, is also a director of SinoTech. Dr. Wang holds 990,000 Common Shares.

4. East Africa Metals Inc. (“East Africa Metals”) is a private company incorporated under the CBCA.


April 25, 2013 (2013) 36 OSCB 4410

5. East Africa Metals is a wholly-owned subsidiary of the Filer. The authorized share capital of East Africa Metals consists of an unlimited number of common shares, of which one common share was issued and outstanding as at February 26, 2013.

6. Shark Minerals Inc. (“Shark”) is a private company incorporated under the Business Corporations Act (British Columbia).

7. The authorized share capital of Shark consists of an unlimited number of common shares, of which 43,375,687 common shares were issued and outstanding as at February 22, 2013.

8. On February 27, 2013, the Filer entered into an arrangement agreement (the “Arrangement Agreement”) with East Africa Metals whereby it will: (a) transfer all of its Tanzanian assets, approximately $26 million in cash and certain other assets and liabilities to East Africa Metals, and (b) distribute all of the shares of East Africa Metals to the current shareholders of the Filer on the basis of one East Africa Metals common share for every three Common Shares held by the Filer’s shareholders as of the effective date (the “Spinout”). The Spinout will be effected by way of a plan of arrangement pursuant to Section 192 of the Canada Business Corporations Act (the“Arrangement”). Completion of the Spinout is subject to, among other things, receipt of shareholder approval.

9. Prior to entering into the Arrangement Agreement, the Filer entered into support agreements with each of the directors and senior officers of the Filer, as well as SinoTech, whereby each party agreed, in accordance with the terms thereof, to vote their respective Common Shares in favour of the resolution approving the Spinout. The parties to these support agreements hold, in the aggregate, approximately 22% of the outstanding Common Shares.

10. The completion of the Spinout is a condition to the Acquisition (as defined below).

11. On December 14, 2012, the Filer, Shark and the shareholders of Shark entered into a share purchase agreement (the “Share Purchase Agreement”) whereby the Filer agreed to acquire all of the outstanding common shares of Shark in exchange for Common Shares (the “Acqui-sition”). Pursuant to the Share Purchase Agree-ment, the shareholders of Shark will each receive 2.716 Common Shares in exchange for each Shark common share held (such exchange ratio to be revised based on the number of options of the Filer exercised prior to closing). In aggregate, Shark shareholders will receive approximately 118 million Common Shares upon completion of the Acquisition.

12. On completion of the Acquisition, the Filer will have approximately 318 million Common Shares issued and outstanding, of which former shareholders of Shark and current shareholders of the Filer will own approximately 37% and 63%, respectively.

13. Prior to entering into the Share Purchase Agreement, the Filer and Shark entered into support agreements with each of the directors and senior officers of the Filer, as well as SinoTech, whereby each party agreed, in accordance with the terms thereof, to vote their respective Common Shares in favour of the resolution approving the Acquisition. The parties to the support agreements hold approximately 22% of the outstanding common shares of the Filer.

14. In connection with the proposed Spinout and Acquisition, the Filer and Sinotech have entered into a termination agreement (the “Termination Agreement”). The Termination Agreement pro-vides for, among other things:

a. the termination of a unit purchase agreement dated March 27, 2009 (the “Unit Purchase Agreement”) pursuant to which SinoTech agreed to acquire units of the Filer and was granted a pre-emptive right in respect of future financings and director nomination rights to nominate two directors to the Filer’s board of directors (the “Investor Rights”); and

b. the termination of a consulting agreement dated July 1, 2012 for the engagement of Lingling Yang to serve as Director of Corporate Communications of the Filer and Chaoxian Xhou to serve as Deputy General Manager of the Filer (the “Management Participation Rights”).

15. The Unit Purchase Agreement does not have minimum ownership thresholds for the exercise of the Investor Rights or the Management Partici-pation Rights and so would continue to exist regardless of how small SinoTech’s beneficial ownership becomes, including as a result of the Spinout and Acquisition.

16. As part of the negotiation of the Spinout and Acquisition, SinoTech agreed that it would be inappropriate for the Investor Rights to continue given that SinoTech’s ownership post-closing would be reduced from 20% to below 13%. Likewise, as the current assets of the Filer are to be spun off, the Management Participation Rights were also determined to be unnecessary and inappropriate.

17. The Termination Agreement extinguishes the Investor Rights and the Management Participation


April 25, 2013 (2013) 36 OSCB 4411

Rights in order to facilitate the Filer’s post-closing change of focus and to recognize the reduced shareholdings of SinoTech. SinoTech was offered nothing in exchange for its agreement.

18. Under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions(“MI 61-101”), the Spinout constitutes a “business combination” because it is an arrangement, being effected by way of a plan of arrangement, the effect of which is to terminate the interests of the shareholders of the Filer in the Common Shares.

19. Section 4.5 of MI 61-101 will require minority approval of the Spinout as a business combination, and none of the exemptions in section 4.6 appear to be available. For the purposes of this “minority” shareholder approval for the Spinout, the “minority” shareholders of the Filer would be all shareholders of the Filer other than (i) the Filer, (ii) any interested party for the purposes of the Spinout within the meaning of MI 61-101, (iii) any related party to such interested party within the meaning of MI 61-101 (subject to the exceptions set out therein), and (iv) any person that is a joint actor with a person referred to in the foregoing clauses (ii) or (iii) for the purposes of MI 61-101.

20. Under MI 61-101, the Termination Agreement could reasonably be determined to constitute a “connected transaction” to the Spinout as it has at least one party in common (the Filer) and was negotiated at approximately the same time as the Spinout. If SinoTech, as a related party to the Filer, is considered to be a party to a connected transaction to the Spinout, SinoTech would be an interested party under MI 61-101. As a consequence none of SinoTech, Beijing Donia or Dr. Jingbin Wang could vote its Common Shares as part of the “minority”.

21. The Filer has determined that the Termination Agreement does not provide SinoTech with any benefit or additional incentive to vote in favour of the Spinout as the benefit of the Termination Agreement flows to the Filer and its shareholders other than SinoTech following completion of the proposed transactions. SinoTech in fact suffers a detriment in that its pre-emptive right to finance the Filer and its ability to nominate directors to the board of directors of the Filer have each been terminated.

22. In the absence of the relief sought, subsection 8.1(2) of MI 61-101 would require the Filer to exclude the votes attached to Common Shares held by (i) SinoTech, (ii) its related parties, and (iii) joint actors of (i) and (ii), in determining minority approval of the Spinout pursuant to section 4.5 of MI 61-101.

23. The Filer will hold a special meeting of its shareholders (the “Meeting”) on March 28, 2013 for the purpose of obtaining shareholder approval of the Spinout and Acquisition. The Filer has delivered a management information circular (the “Circular”) to its shareholders in connection with the Meeting. The Circular discloses that approval of the Spinout is subject to the minority approval requirements of MI 61-101 and that the Filer has applied to the Commission for the Exemption Sought.

Decision

The principal regulator is satisfied that the decision meets the test set out in the Legislation for the principal regulator to make the decision.

The decision of the principal regulator under the Legislation is that the Exemption Sought is granted.

“Naizam Kanji” Deputy Director, Corporate Finance Ontario Securities Commission


April 25, 2013 (2013) 36 OSCB 4412

2.1.2 Brookfield Property Partners L.P.

Headnote

National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions – issuer holds all of its properties through limited partnership – entity holds units in limited partnership which are exchangeable into and in all material respects the economic equivalent to the issuer’s publicly traded units – issuer may include entity’s indirect interest in issuer when calculating market capitalization for the purposes of using the 25% market capitalization exemption for certain related party transactions.


Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions, ss. 5.5(a), 5.7(a), 9.1.

April 16, 2013


ONTARIO (THE “JURISDICTION”)

AND



AND

IN THE MATTER OF BROOKFIELD PROPERTY PARTNERS L.P.

(THE “FILER”)

DECISION

Background

The principal regulator in the Jurisdiction has received an application from the Filer for a decision under the securities legislation of the Jurisdiction of the principal regulator (the “Legislation”) exempting the Filer, pursuant to section 9.1 of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) from the requirements of section 5.4 of MI 61-101 (the “FormalValuation Requirement”) and the requirements of section 5.6 of MI 61-101 (the “Minority Approval Requirement”), in each case relating to any related party transaction of the Filer entered into indirectly through Brookfield Property L.P. (the “Property Partnership”) or any other subsidiary entity of the Property Partnership, if that transaction would qualify for the transaction size exemptions set out in sections 5.5(a) and 5.7(a) of MI 61-101 if the indirect limited partnership interest of the Filer, which is held in the form of redeemable-exchangeable limited partnership units of the Property Partnership, were included in the calculation of

the Filer’s market capitalization (collectively, the “Requested Relief”).


(a) the Ontario Securities Commission is the principal regulator for this application; and

(b) the Filer has provided notice that section 4.7(1) of Multilateral Instrument 11-102 Passport System(“MI 11-102”) is intended to be relied upon in Quebec.

Interpretation

Terms defined in National Instrument 14-101 – Definitions,MI 11-102 and MI 61-101 have the same meaning if used in this decision, unless otherwise defined.

Representations

This decision is based on the following facts represented by the Filer:

1. The Filer is a Bermuda exempted limited partnership that was established on January 3, 2013.

2. The Property Partnership is a Bermuda exempted limited partnership that was established on January 4, 2013.

3. The Filer is a reporting issuer in each of the Jurisdictions.

4. The Filer is not in default of any requirement of Canadian securities laws.

5. The limited partnership units (the “LP Units”) of the Filer are listed on the New York Stock Exchange (“NYSE”) and the Toronto Stock Exchange (“TSX”) under the symbols “BPY” and “BPY.UN”, respectively.

6. Brookfield Property Partners Limited, a Bermuda company, acts as the general partner of the Filer. The general partner of the Filer holds a 0.2% general partnership interest in the Filer. The general partner of the Filer is a wholly-owned subsidiary of Brookfield Asset Management Inc. (“BAM”).

7. The Filer has entered into a master services agreement (the “Master Services Agreement”) with certain subsidiaries of BAM (the “Managers”) to provide the Filer, the Property Partnership and certain subsidiaries with management and other services.

8. The LP Units are non-voting limited partnership units and the Filer’s general partner controls the Filer.


April 25, 2013 (2013) 36 OSCB 4413

9. The Filer’s sole asset is a minority limited partnership interest in the Property Partnership.

10. Brookfield Property GP L.P. (“Property GP LP”), a Bermuda exempted limited partnership, acts as the general partner of the Property Partnership. Property GP LP holds a 1% general partnership interest in the Property Partnership. Brookfield Property General Partner Limited, a Bermuda company, acts as the general partner of Property GP LP. The general partner of Property GP LP is a wholly-owned subsidiary of BAM. The general partner of Property GP LP is controlled by the Filer, through its general partner, pursuant to the Voting Agreement described below.

11. The Filer owns an approximate 16.9% limited partnership interest in the Property Partnership with the remaining limited partnership interest held by BAM, directly or indirectly. The limited partnership units (the “Redemption-Exchange Units”) held by BAM are subject to a redemption-exchange mechanism pursuant to which BAM is able to acquire LP Units in exchange for its Property Partnership limited partnership units on a one for one basis.

12. The Redemption-Exchange Units effectively represent an ownership interest in the Filer rather than the Property Partnership and are, in all material respects, economically equivalent to the LP Units.

13. At any time after two years from April 15, 2013, BAM has the right to require the Property Partnership to redeem all or a portion of the Redemption-Exchange Units for cash, subject to the Filer’s right to acquire such interests (in lieu of redemption) in exchange for LP Units, as described below. BAM may exercise its right of redemption by delivering a notice of redemption to the Property Partnership and the Filer. After presentation for redemption, BAM will receive, subject to the Filer’s rights described below, for the Redemption-Exchange Units that are presented, either (a) cash in an amount equal to the market value of one LP Unit multiplied by the number of Redemption-Exchange Units to be redeemed (as determined by reference to the five day volume weighted average of the trading price of LP Units on the principal stock exchange for the LP Units based on trading volumes) or (b) such other amount of cash as may be agreed by BAM and the Property Partnership. Upon its receipt of the redemption notice, the Filer will have a right to elect, at its sole discretion, to acquire all (but not less than all) of the Redemption-Exchange Units presented to the Property Partnership for redemption in exchange for LP Units, on a one for one basis. If BAM exercised its redemption right in full and the Filer exercised its right to acquire BAM’s limited partnership interest in the Property Partnership in exchange for LP Units, (i) BAM

would hold an aggregate interest in the Filer equal to approximately 92.4% and (ii) the Filer would have a 100% limited partnership interest in the Property Partnership.

14. The Filer and BAM have entered into a voting agreement (the “Voting Agreement”) pursuant to which BAM agreed that any voting rights with respect to the general partner of Property GP LP, Property GP LP and the Property Partnership will be voted in accordance with the direction of the Filer with respect to (A) the election of directors of the general partner of Property GP LP and (B) the approval or rejection of the following matters relating to any such entity, as applicable: (i) any sale of all or substantially all of its assets, (ii) any merger, amalgamation, consolidation, business combination or other material corporate trans-action, except in connection with any internal reorganization that does not result in a change of control, (iii) any plan or proposal for a complete or partial liquidation or dissolution, or any reorgani-zation or any case, proceeding or action seeking relief under any existing laws or future laws relating to bankruptcy or insolvency, (iv) any amendment to the limited partnership agreement of Property GP LP or the Property Partnership or (v) any commitment or agreement to do any of the foregoing. As a result, the Filer will consolidate the Property Partnership (and all of the Property Partnership’s assets) in its financial statements.

15. The limited partnership agreement of the Property Partnership provides that, for purposes of any approval required from limited partners of the Property Partnership, if BAM and its subsidiaries are entitled to vote, they will be entitled to one vote per Redemption-Exchange Unit held subject to a maximum number of votes equal to 49% of the total voting power of all limited partnership units of the Property Partnership then issued and outstanding.

16. The boards of directors of the general partner of the Filer and the general partner of Property GP LP have each approved a conflicts policy which addresses the approval and other requirements for transactions in which there is greater potential for a conflict of interests to arise. These transactions include: (i) the dissolution of the Filer; (ii) any material amendment to the Master Services Agreement, the Filer’s limited partnership agreement or the Property Partnership’s limited partnership agreement; (iii) any material service agreement or other arrangement pursuant to which BAM or its affiliates other than the Filer and its related entities (“Brookfield”) will be paid a fee, or other consideration other than any agreement or arrangement contemplated by the Master Services Agreement; (iv) co-investments by the Filer and its related entities with Brookfield; (v) acquisitions by the Filer and its related entities from, and dispositions by the Filer and its related


April 25, 2013 (2013) 36 OSCB 4414

entities to, Brookfield; (vi) any other material transaction involving the Filer and its related entities and Brookfield; and (vii) termination of, or any determinations regarding indemnification under, the Master Services Agreement. The conflicts policy requires the transactions described above to be approved by the nominating and governance committee of the board of directors of the general partner of the Filer. Pursuant to the conflicts policy, the nominating and governance committee of the board of directors of the general partner of the Filer may grant prior approvals for any of these transactions in the form of general guidelines, policies or procedures in which case no further special approval will be required in connection with a particular transaction or matter permitted thereby.

17. It is anticipated that the Filer will from time to time enter into transactions with certain related parties, including Brookfield entities, indirectly through the Property Partnership and its direct and indirect wholly-owned subsidiaries.

18. If Part 5 of MI 61-101 applies to a related party transaction by an issuer and the transaction is not otherwise exempt:

(a) the issuer must obtain a formal valuation of the transaction in a form satisfying the requirements of MI 61-101 by an independent valuator; and

(b) the issuer must obtain approval of the transaction by disinterested holders of the affected securities of the issuer (together, requirements (a) and (b) are referred to as the “Minority Protec-tions”).

19. A related party transaction that is subject to MI 61-101 may be exempt from the Minority Protections if at the time the transaction is agreed to, neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, exceeds 25% of the issuer’s market capitalization (the “Transaction Size Exemp-tion”).

20. It is unclear whether the Filer will be entitled to rely on the Transaction Size Exemption available under the Legislation because the definition of “market capitalization” in the Legislation does not contemplate securities of another entity that are exchangeable into equity securities of the issuer.

21. The Redemption-Exchange Units represent part of the equity value of the Filer and are, in all material respects, economically equivalent to the LP Units. Taken together, the effect of BAM’s redemption right and the Filer’s right of exchange is that BAM will receive LP Units, or the value of such units, at the election of the Filer. Moreover, the economic

interests that underlie the Redemption-Exchange Units are identical to those underlying the LP Units; namely, the assets and operations held directly or indirectly by the Property Partnership.

22. If the Redemption-Exchange Units are not included in the market capitalization of the Filer, the equity value of the Filer will be understated by the value of BAM’s limited partnership interest in the Property Partnership. As a result, related party transactions by the Filer that are entered into indirectly through the Property Partnership may be subject to the Minority Protections in circumstances where the fair market value of the transactions are effectively less than 25% of the fully diluted market capitalization of the Filer.

23. Section 1.4 of MI 61-101 treats an operating entity of an “income trust”, as such term is defined in National Policy 41-201 – Income Trusts and Other Indirect Offerings (“NP 41-201”), on a consolidated basis with its parent trust entity for the purpose of determining which entities are related parties of the issuer and to what transactions MI 61-101 should apply. Section 1.2 of NP 41-201 provides that references to an “income trust” refer to a trust or other entity (including corporate and non-corporate entities) that issues securities which provide for participation by the holder in net cash flows generated by an underlying business owned by the trust or other entity. Accordingly, it is consistent that securities of the operating entity, such as the Redemption-Exchange Units, be treated on a consolidated basis for the purposes of determining the market value of the Filer under MI 61-101.

24. The inclusion of the Redemption-Exchange Units when determining the Filer’s market capitalization is consistent with the logic of including unlisted equity securities of the issuer which are convertible into listed securities of the issuer in determining an issuer’s market capitalization in that both are securities that are considered part of the equity value of the issuer whose value is measured on the basis of the listed securities into which they are convertible or exchangeable.

Decision


The decision of the principal regulator under the Legislation is that the Requested Relief is granted provided that:

1. the transaction would qualify for the Transaction Size Exemption contained in the Legislation if the Redemption-Exchange Units were considered an outstanding class of equity securities of the Filer that were convertible into LP Units;


April 25, 2013 (2013) 36 OSCB 4415

2. there be no material change to the terms of the Redemption-Exchange Units, including the exchange rights associated therewith, as described above;

3. the Voting Agreement continues in full force and effect without any material change to the terms thereof, as described above; and

4. any annual information form or equivalent of the Filer that is required to be filed in accordance with applicable securities laws contain the following disclosure, with any immaterial modifications as the context may require:

“Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) provides a number of circumstances in which a transaction between an issuer and a related party may be subject to valuation and minority approval requirements. An exemption from such requirements is available when the fair market value of the transaction is not more than 25% of the market capitalization of the issuer. Brookfield Property Partners L.P. (“BPY”) has been granted exemptive relief from the requirements of MI 61-101 that, subject to certain conditions, permits it to be exempt from the minority approval and valuation requirements for transactions that would have a value of less than 25% of BPY’s market capitalization, if the indirect equity interest in BPY, which is held in the form of redeemable-exchangeable limited partnership units of Brookfield Property L.P. (the “Property Partnership”), is included in the calculation of BPY’s market capitalization. As a result, the 25% threshold, above which the minority approval and valuation requirements apply, is increased to include the approximately 82.9% indirect interest in BPY held in the form of redeemable-exchangeable limited partnership units of the Property Partnership.”

“Shannon O’Hearn” Manager, Corporate Finance Ontario Securities Commission


April 25, 2013 (2013) 36 OSCB 4416

2.1.3 Aurion Capital Management Inc.

Headnote

National Policy 11-203 Process for Exemptive Relief in Multiple Jurisdictions – Relief granted to pooled funds not subject to NI81-102 to purchase securities of related entities over a stock exchange and to purchase non-exchange traded debt securities of related entities under primary offerings and in the secondary market – Relief also granted to portfolio manager to engage the funds it manages in principal trading of debt securities of third parties with a related dealer in the secondary market – reliefconditional on IRC approval, compliance with pricing requirements, and limits on the amount of a primary offering of a related entity a fund may purchase.


Securities Act (Ontario), ss. 111(2)(a), 111(2)(c)(ii), 111(3), 113. National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, ss. 13.5(2)(a),

13.5(2)(b), 15.1.

April 8, 2013


ONTARIO (the Jurisdiction)

AND



AND

IN THE MATTER OF AURION CAPITAL MANAGEMENT INC.

(the Filer)

AND

IN THE MATTER OF THE FUNDS (as defined below)

DECISION

Background

The principal regulator in the Jurisdiction has received an application from the Filer on behalf of the pooled funds establishedand managed by the Filer to which National Instrument 81-102 Mutual Funds (NI 81-102) does not apply (the Existing Funds)and such other pooled funds that the Filer may establish in the future under the laws of Ontario (each a Future Fund, and together with the Existing Funds, the Funds, and individually, a Fund) for a decision under the securities legislation of the Jurisdiction of the principal regulator (the Legislation) exempting the Filer from:

(a) the requirements of sections 13.5(2)(b)(i) and (ii), and 13.5(2)(a) of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) to allow the Filer, as the portfolio manager of a Fund, to:

(i) buy and/or sell securities from or to an investment portfolio of a responsible person or an associate of a responsible person of the Fund (the Principal Trade Relief); and

(ii) buy securities in any issuer in which a responsible person of a Fund or an associate of a responsible person of the Fund is a partner, officer or director (a Related Issuer), unless the fact is disclosed to the client and the written consent of the client is obtained before the investment is made (the Consent Relief),


April 25, 2013 (2013) 36 OSCB 4417

(b) the requirements in sections 111(2)(a) and (c)(ii), and 111(3) of the Securities Act (Ontario) (the Act) to allow the Funds to make and/or hold an investment:

(i) in any person or company who is a substantial holder of a Fund, its management company or distribution company (a Related Shareholder); and

(ii) in any issuer in which a Related Shareholder has a significant interest (a Related Person),

(collectively, and together with the Consent Relief, the Related Party Relief. The Related Party Relief, together with the Principal Trade Relief, is the Exemption Sought).


(c) the Ontario Securities Commission is the principal regulator for this application; and;

(d) the Filer has provided notice that Section 4.7(1) of Multilateral Instrument 11-102 Passport System (MI 11-102) is intended to be relied upon in each of the other provinces and territories of Canada (collectively, with Ontario, the Jurisdictions).

Interpretation

Terms defined in NI 81-102, NI 31-103, National Instrument 81-107 Independent Review Committee for Investment Funds (NI81-107), National Instrument 14-101 Definitions and MI 11-102 have the same meaning if used in this decision, unless otherwise defined.

A Related Party means a Related Issuer, a Related Shareholder, or a Related Person depending on the provision that is being considered.

Representations


The Filer

1. The Filer is a corporation incorporated under the laws of Ontario and is registered as a portfolio manager and investment fund manager in Ontario, and as a portfolio manager in Alberta, Newfoundland and Labrador, the Northwest Territories, Nova Scotia and Québec. The Filer’s head office is located in Ontario.

2. The Filer is and will be the manager of each Fund.

3. The Filer is not in default of securities legislation in any of the Jurisdictions.

4. As a result of the transaction whereby The Bank of Nova Scotia (BNS) acquired all of the shares of DundeeWealth Inc. that it did not already own, BNS now indirectly owns 60% of the issued and outstanding shares of the Filer and is now a substantial security holder of the Filer.

5. As BNS holds, directly and indirectly, more than 10% of the outstanding securities of CI Financial Corporation (CI), BNS is therefore deemed to have a significant interest in CI.

6. As the Filer is an affiliate of BNS, the Filer is deemed to beneficially own the securities owned by BNS, including the securities of Scotia Capital Inc. (Scotia Capital) and CI. As BNS owns more than 10% of the voting shares of Scotia Capital and CI, Scotia Capital and CI are considered to be associates of the Filer. Scotia Capital is also an affiliate of the Filer who may have access to, or may participate in formulating, investment decisions made on behalf of the Funds or advice to be given to the Funds, and may therefore a responsible person under the Legislation.

7. Scotia Capital is a principal dealer (Principal Dealer) in the Canadian securities market, both primary and secondary.

8. The Filer, as the registered adviser of a Fund, will be a responsible person under the Legislation.

9. A director or officer of BNS may be a responsible person of the Funds, and may also, depending on the positions they hold, be a director and/or officer of other issuers, including CI, that will result in BNS and CI becoming Related Issuers.


April 25, 2013 (2013) 36 OSCB 4418

The Funds

10. Each of the Existing Funds are mutual funds established under the laws of Ontario. The Existing Funds are not in default of securities legislation in any of the Jurisdictions.

11. The Filer and RBC Investor Services Trust are the manager and trustee of each Existing Fund, and will be the manager and trustee of each Future Fund, respectively.

12. The Funds consist of the Aurion Investment Funds and the Aurion Funds.

13. The Aurion Investment Funds currently consist of 12 Existing Funds. Units of the Aurion Investment Funds can only be sold to the pension plans of Shell Canada Limited on an exempt basis pursuant to available prospectus and registration exemptions from the prospectus requirements.

14. The Filer is and will be the portfolio manager for each Aurion Investment Fund, although certain Aurion Investment Funds may use sub-advisers who will make the investment decisions for such fund or the portion of the assets of such fund that such sub-adviser advises.

15. The Aurion Funds currently consist of five Existing Funds. Units of the Aurion Funds are and will only be sold to qualified investors on an exempt basis pursuant to available prospectus and registration exemptions from the prospectus requirements in each of the Jurisdictions.

16. The Filer is and will be the portfolio manager of each Aurion Fund.

17. None of the Funds is or will be a reporting issuer in any of the Jurisdictions.

Related Party Relief

18. Each of the Funds wants to have the ability to buy and/or sell securities of a Related Party of the Filer.

19. A Fund will only buy and/or sell securities of a Related Party if such purchase or sale is consistent with, or is necessary, to meet its investment objective.

20. The Filer will establish an independent review committee (an IRC) in respect of each Fund in accordance with section 3.7 of NI 81-107. The IRC of each Fund will be expected to comply with the standard of care set out in section 3.9 of NI 81-107 as if each Fund were subject to that rule.

21. The purchase of securities of a Related Party by a Fund will be referred to the IRC of such Fund.

22. Section 6.2 of NI 81-107 provides mutual funds that are reporting issuers with an exemption from the prohibitions comprising the Exemption Sought in respect of purchasing exchange-traded securities, such as equity securities, in the secondary market (the Equity Securities).

23. NI 81-107 does not apply to the Funds as they are not reporting issuers. Accordingly, in the absence of the Exemption Sought, the Funds may not purchase or hold Equity Securities of a Related Party.

24. All purchases of any Equity Securities of Related Parties will be done in the secondary market.

25. Certain Related Shareholders and Related Persons of the Filer may also be issuers of non-listed and non-exchange-traded securities such as debt securities (the Related Party Debt Securities). The Filer is also seeking the Exemption Sought to permit the Funds to purchase and hold such Related Party Debt Securities.

26. The Filer considers that the Funds should have access to the Related Party Debt Securities for the following reasons:

(a) there is a limited supply of certain types of securities;

(b) diversification is reduced to the extent that a Fund is limited with respect to investment opportunities; and

(c) to the extent that a Fund seeks to track or outperform a benchmark it is important for the Fund to be able to purchase any securities included in the benchmark. Securities of Related Shareholders and Related Persons are often included in Canadian indices.


April 25, 2013 (2013) 36 OSCB 4419

27. All purchases of any Related Party Debt Securities will be done in either the secondary market or in a primary distribution or treasuring offering (Primary Offering).

28. Where the Related Party Debt Securities are purchased by a Fund in a Primary Offering pursuant to the Exemption Sought:

(a) each Related Party Debt Security, other than an asset backed commercial paper security, will have a term to maturity of 365 days or more and the Related Party has and continues to have, at the time of purchase, an “approved rating” by an “approved rating organization” within the meaning of those terms in National Instrument 44-101 Short Form Prospectus Distributions (NI 44-101); and

(b) the terms of the Primary Offering, such as the size and the pricing, will be a matter of public record as evidenced in a prospectus, offering memorandum, press release or other public document.

29. Where the Related Party Debt Securities are purchased by a Fund in the secondary market pursuant to the Exemption Sought and not in a Primary Offering, the Related Party Debt Securities have been given and continues to have, at the time of purchase, an “approved rating” by an “approved rating organization” within the meaning of those terms in NI 44-101.

30. The Filer has determined that it would be in the best interests of the Funds to receive the Exemption Sought.

Principal Trade Relief

31. A Fund’s purchase of debt securities of an issuer, that is not a Related Shareholder or a Related Person of the Filer, from the investment portfolio of a responsible person or an associate of a responsible person is prohibited under the Legislation (the Other Debt Securities). A Fund is therefore prohibited from purchasing the Other Debt Securities in the secondary market from a Principal Dealer that is an affiliate or an associate of the Filer (a Related Dealer), such as Scotia Capital.

32. The investment strategies of each Fund may permit it to invest in the Other Debt Securities other than the federal or a provincial government (Non-Government Debt Securities) or debt securities issued or fully and unconditionally guaranteed by the federal or a provincial government (Government Debt Securities).

33. There is a limited supply of Non-Government Debt Securities and Government Debt Securities available to the Funds, and frequently the only source of Non-Government Debt Securities for a Fund may be a Related Dealer such as Scotia Capital.

34. The Funds require the Principal Trade Relief in order to effectively pursue their investment objectives and strategies.

35. Affiliates and associates of the Filer such as Scotia Capital do not and will not influence the business judgment of the Filer in connection with the determination of the suitability of investments and information and influence barriers are in place. Decisions made by the Filer as to which investments a Fund should hold are and will be based on the best interests of such Fund, without consideration given to the interests of the party with whom a purchase or sale is transacted. This principle is reflected in the policies and procedures that have been and will be implemented and approved by the IRC for dealing with related parties.

36. The Filer considers granting the Exemption Sought to not be prejudicial to the public interest, given that the decision totransact security purchases and sales with a Related Dealer will be made in the best interests of the Funds and free from the influence of a Related Dealer such as Scotia Capital.

Decision


The decision of the principal regulator under the Legislation is that the Exemption Sought is granted to permit the Filer to purchase and hold Related Party Debt Securities on behalf of the Funds provided that:

(a) the purchase or holding is consistent with, or is necessary to meet, the investment objective of the Fund;

(b) at the time of the purchase, the IRC of the Fund has approved the transaction in accordance with section 5.2(2) of NI 81-107;


April 25, 2013 (2013) 36 OSCB 4420

(c) the Filer complies with section 5.1 of NI 81-107, and the Filer and the IRC of the Fund comply with section 5.4 of NI 81-107 for any standing instructions the IRC provides in connection with the transactions;

(d) in the case of Related Party Debt Securities of a Related Party to be purchased in a Primary Offering:

(i) the size of the Primary Offering is at least $100 million;

(ii) at least two purchasers who are independent, arm’s length purchasers, which may include “independent underwriters” within the meaning of National Instrument 33-105 Underwriting Conflicts, collectively purchase at least 20% of the Primary Offering;

(iii) no Fund shall participate in the Primary Offering if following its purchase the Fund together with related Funds will hold more than 20% of the securities issued in the Primary Offering;

(iv) no Fund shall participate in the Primary Offering if following its purchase the Fund would have more than 5% of its net assets invested in the Related Party Debt Securities of the Related Party; and

(v) the price paid for the securities by a Fund in the Primary Offering shall be no higher than the lowest price paid by any of the arm’s length purchasers who participate in the Primary Offering;

(e) in the case of Related Party Debt Securities of a Related Party to be purchased in the secondary market:

(i) the security has been given and continues, at the time of the purchase, to have an “approved rating” by an “approved rating organization” within the meaning of those terms in NI 44-101;

(ii) the price payable for the security is not more than the ask price of the security;

(iii) the ask price of the security is determined as follows:

(A) if the purchase occurs on a marketplace, the price payable is determined in accordance with the requirements of that marketplace; or

(B) if the purchase does not occur on a marketplace:

(I) the Fund may pay the price for the security at which an independent, arm’s length seller is willing to sell the security; or

(II) if the Fund does not purchase the security from an independent, arm’s length seller, the Fund must pay the price quoted publicly by an independent marketplace or obtain, immediately before the purchase, at least one quote from an independent, arm’s length purchaser or seller and not pay more than that quote; and

(iv) the transaction complies with any applicable “market integrity requirements” as defined in NI 81-107;

(f) on or before the 90th day after the end of each financial year of a Fund, the Filer files with the securities regulatory authority or regulator the particulars of any investments made in reliance on this relief;

(g) the IRC of the Fund complies with section 4.5 of NI 81-107 in connection with any instance that it becomes aware that the Filer did not comply with any of the conditions of this decision; and

(h) the decision with respect to Related Party Debt Securities purchased pursuant to a Primary Offering or in the secondary market will expire on the coming into force of any securities legislation relating to fund purchases of Related Party Debt Securities purchased pursuant to a Primary Offering or in the secondary market.

The decision of the principal regulator under the Legislation is that the Exemption Sought is granted to permit the Filer to purchase and hold Equity Securities on behalf of the Funds provided that:

(a) the purchase or holding is consistent with, or is necessary to meet, the investment objective of the Fund;

(b) at the time of the purchase the IRC of the Fund has approved the transaction in accordance with section 5.2(2) of NI 81-107;


April 25, 2013 (2013) 36 OSCB 4421

(c) the Filer complies with section 5.1 of NI 81-107 and the Filer and the IRC of the Fund comply with section 5.4 of NI 81-107 for any standing instructions the IRC provides in connection with the transactions;

(d) the purchase is made in the secondary market on an exchange on which the securities are listed and traded;

(e) on or before the 90th day after the end of each financial year of a Fund, the Filer files with the securities regulatory authority or regulator the particulars of any investments made in reliance on this relief;

(f) the IRC of the Fund complies with section 4.5 of NI 81-107 in connection with any instance that it becomes aware that the Filer did not comply with any of the conditions of this decision; and

(g) the decision with respect to purchases of Equity securities by the Funds will expire on the coming into force of any securities legislation relating to purchases of exchange-traded securities of a Related Party by mutual funds not governed by NI 81-102.

The decision of the principal regulator under the Legislation is that the Exemption Sought is granted to permit the purchase ofOther Debt Securities from or sale of Other Debt Securities to a Related Dealer by a Fund in the secondary market provided that:

(a) the purchase or sale is consistent with, or is necessary to meet, the investment objective of the Fund;

(b) at the time of the investment, the IRC has approved the transaction in accordance with section 5.2(2) of NI 81-107;

(c) the Filer, as manager of a Fund, complies with section 5.1 of NI 81-107, and the Filer and the IRC of the Fund comply with section 5.4 of NI 81-107 for any standing instructions the IRC provides in connection with the investment in the securities;

(d) the bid and ask price of the security transacted are readily available, as contemplated by section 6.1(2)(c) of NI 81-107;

(e) a purchase is not executed at a price which is higher than the available ask price and a sale is not executed at a price which is lower than the available bid price;

(f) the purchase or sale is subject to “market integrity requirements” as defined in NI 81-107; and

(g) the Fund keeps the written records required by section 6.1(2)(g) of NI 81-107.

Relief from the Act

“Judith N. Robertson” Commissioner Ontario Securities Commission

“Sarah B. Kavanagh” Commissioner Ontario Securities Commission

NI 31-103 Relief

“Raymond Chan” Manager, Investment Funds Ontario Securities Commission


April 25, 2013 (2013) 36 OSCB 4422

2.1.4 Penfold Capital Acquisition IV Corporation

Headnote

Multilateral Instrument 11-102 Passport System and National Policy 11-203 Process for Exemptive Relief applications in MultipleJurisdictions – Exemption from requirement in section 4.3(a) of National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards (NI 52-107) that an auditor’s report filed in connection with certain financial statements must express an unmodified opinion


National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards, s. 5.1.

April 18, 2013


ONTARIO (the "Jurisdiction")

AND



AND

IN THE MATTER OF PENFOLD CAPITAL ACQUISITION IV CORPORATION

(the "Filer")

DECISION

Background

The principal regulator in the Jurisdiction has received an application from the Filer for a decision under the securities legislationof the Jurisdiction of the principal regulator (the "Legislation") for an exemption from the requirements set out in subsection 4.3(a) of National Instrument 52-107 – Acceptable Accounting Principles and Auditing Standards ("NI 52-107") that an auditor's report filed in connection with certain financial statements must express an unmodified opinion, in order that the Filer may fileaudited financial statements of SLM Logistics Corporation ("SLM") containing a qualification with respect to the opening and closing inventory of SLM (the "Requested Relief").


(a) the Ontario Securities Commission is the principal regulator for this application; and

(b) the Filer has provided notice that section 4.7(1) of Multilateral Instrument 11-102 Passport System ("MI 11-102") is intended to be relied upon in the Provinces of British Columbia and Alberta, (collectively, the "Passport Jurisdictions").

Interpretation

Terms defined in National Instrument 14-101 Definitions and MI 11-102 have the same meaning if used in this decision, unless otherwise defined.

Representations

The decision is based on the following facts represented by the Filer:

1. The Filer was incorporated on March 31, 2010 under the laws of the Business Corporations Act (Ontario) (the "OBCA").


April 25, 2013 (2013) 36 OSCB 4423

2. The Filer is a Capital Pool Company ("CPC") as this term is defined in the policies of the TSX Venture Exchange ("TSXV"). The Filer is a reporting issuer in the Provinces of British Columbia, Alberta and Ontario.

3. The common shares of the Filer (the "Common Shares") began trading on the TSXV effective March 10, 2011 under the trading symbol "PLD.P".

4. Currently, there are unlimited Shares authorized for issuance, without par value. To date, there are 12,600,000 Common Shares issued and outstanding..

5. Pursuant to the CPC policies of the TSXV to date the Filer has not carried on any operations. The principal business of the Filer has been to identify and evaluate businesses and assets with a view to completing a qualifying transaction as that term is defined in the policies of the TSXV (the "Qualifying Transaction").

6. The Filer does not have business operations or assets other than cash, and currently has no written or oral agreements in principle for the acquisition of an asset or business other than a letter of intent dated February 22, 2012 and amended and restated as of May 31, 2012, between the Filer and SLM in respect of the Qualifying Transaction.

7. SLM is a private company that was incorporated on September 27, 2004 pursuant to the OBCA.

8. SLM is not a reporting issuer in any jurisdiction in Canada and is not in default of securities legislation in any jurisdiction.

9. In connection with the Qualifying Transaction the Filer will be filing its filing statement (the "Filing Statement") in the form of TSXV Form 3B2 – Information Required in a Filing Statement for a Qualifying Transaction ("Form 3B2") pursuant to the policies of the TSXV. Form 3B2 also requires disclosure of financial statements for SLM.

10. SLM's year end is September 30, and the audited financial statements for the years ended 2010, 2011 and 2012, and the unaudited financial statements for the 3 months period ended December 31, 2012 will be included in the Filing Statement.

11. The auditor's report for the 2010 SLM audited financial statements (the "2010 Financial Statements") contains the following paragraphs:

We were not able to observe the counting of physical inventories at the beginning and end of the year or satisfy ourselves concerning those inventory quantities by alternative means. Since opening and ending inventories enter into the determination of the results of operations and cash flows, we were unable to determine whether adjustments to cost of sales, income taxes, net income for the year, opening retained earnings and cash provided from operations might be necessary.

In our opinion, except for the effect of adjustments, if any, which we might have determined to be necessary had we been able to examine opening and ending inventory quantities, as described in the preceding paragraph, the statements of income, retained earnings and cash flows present fairly, in all material respects, the result of operations and cash flows of the company for the year ended September 30, 2010 in accordance with Canadian generally accepted accounting principles. Further, in our opinion, the balance sheet presents fairly, in all material respects, the financial position of the company as at September 30, 2010 in accordance with Canadian generally accepted accounting principles.

12. It is the position of the TSXV that this is a modified opinion and therefore contravenes subsection 4.3(a) of NI 52-107.

Exemption Sought

13. Item 46 of Form 3B2 requires that certain financial statements be submitted in the Filing Statement, these financial statements include the 2010 Financial Statements (statement of income, retained earnings and cash flows) and subsection 4.3(a) of NI 52-107 requires that all financial statements that must be audited must be accompanied by an unmodified opinion.

14. On the basis of the foregoing, the Filer applied for a decision granting the Requested Relief and submitted that the granting of such decision would not be prejudicial to the public interest for the following reasons:

(a) The modified opinion is not a departure from accounting principles permitted by the NI 52-107;

(b) the modified opinion is not imposed or could not reasonably be eliminated by management;


April 25, 2013 (2013) 36 OSCB 4424

(c) the modified opinion could not reasonably be expected to be recurring;

(d) the modified opinion in the Auditor’s Report accompanying the 2010 financial statements is limited to the ability to verify the opening and closing inventory in the 2010 financial statements, the SLM auditors were able to verify the 2010 closing inventory in 2011 by examining ending inventory quantities as at September 30, 2011 and auditing transactions affecting inventory balances throughout the 2011 fiscal year, thereby verifying the opening inventory balances as at October 1, 2010. Further, the auditor's report for the 2012 and 2011 audited financial statements contain no such modified opinion, thus nullifying any modified opinion that was contained in the 2010 Financial Statements; and

(e) in accordance with policies of the TSXV, only the balance sheets of the 2011 and 2012 need to be included in the Filing Statement and such statements are not affected by the modified opinion. The modified opinion only affects the adjustments related to the 2010 inventory on the statement of income, retained earnings and cash flows of the year ended September 30, 2010.

15. To the best of the Filer's knowledge, the Filer believes that the 2010 Financial Statements present fairly, in all materialrespects, the consolidated position of SLM as at September 30, 2010 and its statement of income, retained earnings and cash flows for the year then ended in accordance with Canadian generally accepted accounting principles.

Decision

The principal regulator in the Jurisdiction is satisfied that the decision meets the test set out in the Legislation for the principal regulator in the Jurisdiction to make the decision.

The decision of the principal regulator in the Jurisdiction under the Legislation is that the Requested Relief is granted.

DATED at Toronto this 18th day of April, 2013

“Cameron McInnis” Chief Accountant, Chief Accountant’s Office Ontario Securities Commission


April 25, 2013 (2013) 36 OSCB 4425

2.1.5 Desjardins Investments Inc. et al.

Headnote

Policy Statement 11-203 respecting Process for Exemptive Relief Applications in Multiple Jurisdictions – Relief granted from theSecurities Act to permit a dealer, to send the Fund Facts instead of the simplified prospectus to satisfy current prospectus delivery requirements subject to conditions – the right of withdrawal and right of rescission under securities legislation apply to the sending and delivery of the Fund Facts – sunset clause on relief.


Securities Act, ss. 71.(1) and 147.

[Translation]

April 18, 2013


QUÉBEC AND ONTARIO

AND



AND

IN THE MATTER OF DESJARDINS INVESTMENTS INC.

(the Filer)

AND

IN THE MATTER OF DESJARDINS SECURITIES INC.

AND

DESJARDINS FINANCIAL SERVICES FIRM INC. (collectively with Desjardins Securities Inc.,

the Representative Dealers)

DECISION

Background

The securities regulatory authority or regulator in each of Québec and Ontario (Decision Makers) has received an application from the Filer for a decision under the securities legislation of Québec and Ontario (the Legislation) for exemptive relief to permita Dealer (as defined below), to send or deliver the most recently filed fund facts document (Fund Facts) to satisfy the requirement contained in the Legislation that obligates a dealer to send or deliver, within a specified time period and in a specified manner, the prospectus, and any amendment to the prospectus (the Delivery Requirement), in respect of an application to subscribe for or purchase securities of a Fund (as defined below) (the Exemption Sought).

Under the Process for Exemptive Relief Applications in Multiple Jurisdictions (for a dual application):

(a) the Autorité des marchés financiers is the principal regulator for this application;

(b) the Filer has provided notice that subsection 4.7(1) of Regulation 11-102 respecting Passport System (Regulation 11-102) is intended to be relied upon in British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, the Northwest Territories, Nunavut and Yukon (together with Ontario and Québec, the Jurisdictions); and


April 25, 2013 (2013) 36 OSCB 4426

(c) the decision is the decision of the principal regulator and evidences the decision of the securities regulatory authority orregulator in Ontario.

Interpretation

Terms defined in Regulation 14-101 respecting Definitions and in Regulation 11-102 have the same meaning if used in this decision, unless otherwise defined.

Right of Withdrawal means the unilateral right, given to a person under the Legislation, to withdraw from a subscription or purchase of a security of a mutual fund if the dealer receives written notice from such person evidencing the intention of the person not to be bound by the subscription or purchase within two days of receipt of the latest prospectus sent or delivered incompliance with the Delivery Requirement. In Québec, this right is set forth in section 30 of the Securities Act, R.S.Q. c. V-1.1. Collectively, these rights are referred to as the Rights of Withdrawal.

Right of Rescission means the right of action, under the Legislation, for rescission or damages against a dealer for failure tosend or deliver the prospectus to a person who subscribed for or purchased a security and to whom a prospectus was required to be sent or delivered in compliance with the Delivery Requirement. In Québec, as set forth in section 214 of the Securities Act,R.S.Q. c. V-1.1, such person may, at his or her option, apply to have the transaction rescinded or the price revised, without prejudice to his or her claim for damages. Collectively, these rights are referred to as the Rights of Rescission.

Representations


1. The Filer is duly registered as an investment fund manager in one or more of the Jurisdictions.

2. The Filer's head office is located at, 2 Complexe Desjardins, Montréal, (Québec) H5B 1H5.

3. The Exemption Sought relates to the existing mutual funds for which the Filer act as investment fund manager and any mutual fund subsequently established for which the Filer will act as investment fund manager (each, a Fund and collectively, the Funds).

4. Securities of the Funds are, or will be, distributed on a continuous basis in one or more Jurisdictions pursuant to a simplified prospectus (a Prospectus) governed by Regulation 81-101 respecting Mutual Fund Prospectus Disclosure (Regulation 81-101).

5. Each Fund is, or will be, a reporting issuer in one or more of the Jurisdictions.

6. Securities of the Funds are, or will be, distributed through the Representative Dealers and through other dealers which may or may not be affiliated with the Filer (individually, a Dealer and collectively, Dealers).

7. Each Dealer is duly registered as a dealer in one or more of the Jurisdictions. Most of the Dealers are members of either (i) the Investment Industry Regulatory Organization of Canada or (ii) the Mutual Fund Dealers Association of Canada, or their successors.

8. Each of the Filer and the Funds is not in default of securities legislation in each of the Jurisdictions.

9. The Representative Dealers are not in default of securities legislation in each of the Jurisdictions.

10. Each Dealer has an obligation to send or deliver the Prospectus to the person who subscribed for or purchased a security of a Fund within the time period specified in the Legislation.

11. Pursuant to the point of sale disclosure project for mutual funds (the Project) of the Canadian Securities Administrators (the CSA), the CSA have determined that it is desirable to create a summary disclosure document called the Fund Facts.

12. CSA Staff Notice 81-319 Status Report on the Implementation of Point of Sale Disclosure for Mutual Funds outlines the CSA's decision to implement the point of sale disclosure framework in stages.

13. Stage 1 of the Project became effective on January 1, 2011 with the coming into force of the amendments to Regulation 81-101 and related regulations mandating a mutual fund to prepare and file a Fund Facts on SEDAR for each relevant class or series of the mutual fund, and having the Fund Facts posted to the mutual fund's or its manager's website and delivered to anyone upon request, at no cost.


April 25, 2013 (2013) 36 OSCB 4427

14. Stage 2 of the Project proposes to allow delivery of the Fund Facts to satisfy the current requirement under the Legislation to send or deliver a Prospectus within two days of subscribing for or purchasing mutual fund securities.

15. The Exemption Sought follows upon CSA Staff Notice 81-321 Early Use of Fund Facts to Satisfy Prospectus Delivery Requirements issued on February 25, 2011.

16. In Québec, as set forth in paragraph 331.1(14) of the Securities Act, R.S.Q. c. V-1.1, the Autorité des marchés financiers may, by regulation, establish special disclosure schemes for securities distributions based on the nature of the securities involved or the categories of issuers, fix the new conditions for the use of such schemes and prescribe the documents that may stand in lieu of a prospectus in the circumstances and on the other conditions determined by the Autorité des marchés financiers.

17. Investors will be able to request a copy of the Prospectus, at no cost, by contacting the Filer or the applicable Dealer and will continue to be able to consult the Prospectus on the SEDAR website and on the website of the Filer or the Fund (as applicable).

18. The Prospectus of each Fund discloses that the Fund Facts of each class or series of securities is incorporated by reference in, and forms an integral part of, the Prospectus.

Decision

Each of the Decision Makers is satisfied that the decision meets the test set out in the Legislation for the Decision Maker to make their decision.

The decision of the Decision Makers under the Legislation is that the Exemption Sought is granted, provided that the conditionsset out below are met.

1. Prior to providing the Fund Facts to a Dealer to send or deliver in lieu of the Prospectus, the Filer:

(a) files a Fund Facts for the applicable class or series of securities of the Fund in compliance with the requirements of Regulation 81-101 and in the form prescribed by Form 81-101F3 Contents of Fund Facts Document;

(b) discloses in the Fund Facts for a specific class or series:

(i) management fees, administration fees and/or other fees payable directly to the Filer by investors holding securities of that class or series of the Funds, and discloses, in any Fund Facts filed after the date of this decision and no later than the next renewal of the Prospectus for such class or series, the maximum management fees, administration fees and/or other fees that may be charged by the Filer to the investor; and

(ii) any requirement for the investor to participate in a fee-based arrangement with the Dealer in order to be eligible to subscribe for or purchase the particular class or series of the Funds.

2. At the time a Fund Fact is being sent or delivered to an investor, it will not be attached to, or bound with another Fund Fact, unless each Fund Facts:

(a) relates to securities of one of the Funds that have been subscribed for or purchased by the investor; and

(b) is being sent or delivered pursuant to this decision.

3. The Dealers relying on the ability to send or deliver Fund Facts in lieu of the Fund’s Prospectus, grants to an investor who subscribes for or purchases the securities of a Fund a right equivalent to the Rights of Withdrawal, which takes effect upon the reception of the Fund Facts by the investor. The Rights of Withdrawal and the Rights of Rescission will no longer apply if the Fund Facts is sent or delivered to an investor in accordance with the time period and in the manner specified for the Prospectus under the Delivery Requirement.

4. Prior to a Dealer relying on the ability to send or deliver Fund Facts in lieu of the Prospectus for the Funds, the Filer oran agent of the Filer provides to the Dealer:

(a) a copy of this decision;


April 25, 2013 (2013) 36 OSCB 4428

(b) a disclosure statement informing the Dealer of the implications of this decision; and

(c) an acknowledgment of the matters referred to in paragraph 5 below (the Acknowledgment), to be signed and returned by the Dealer to the Filer or its agent.

5. Prior to a Dealer relying on the ability to send or deliver Fund Facts in lieu of the Prospectus for the Funds, the Dealer returns the Acknowledgement to the Filer or an agent of the Filer:

(a) acknowledging receipt of a copy of this decision;

(b) agreeing to send or deliver the Fund Facts to an investor in lieu of the Prospectus;

(c) confirming that the Dealer will provide a right equivalent to the Rights of Withdrawal attaching to the sending or delivery of the Fund Facts;

(d) acknowledging that, in the event a Fund Facts is not sent or delivered in accordance with this decision, a Prospectus must be sent or delivered and the Rights of Rescission and the Rights of Withdrawal will continue to apply;

(e) undertaking that the Dealer will only attach or bind one Fund Facts with another Fund Facts if both are being sent or delivered at the same time to an investor pursuant to this decision; and

(f) confirming that the Dealer has in place written policies and procedures to ensure that there is compliance with the conditions of this decision.

6. Investors who subscribe for or purchase securities of the Funds receive concomitantly to the Fund Facts, a separate notice indicating that, upon the sending or delivery of the Fund Facts, they will have equivalent rights and protections otherwise applicable under securities law in their jurisdiction, which notice includes wording substantially similar to the following:

The Fund Facts for the securities you subscribe for or purchase is being sent or delivered to you instead of the simplified prospectus. You will continue to have the equivalent rights and protections otherwise applicable under securities law as if you were sent or delivered the simplified prospectus. Depending on your province or territory, you may have the right to:

• withdraw from an agreement to subscribe for or buy securities of mutual funds within two business days after you receive a fund facts document, or

• cancel your subscription or purchase within 48 hours after you receive confirmation of the purchase.

For more information, see the securities law of your province or territory or ask a lawyer.

7. The Filer will cause the Funds to honour any request made by an investor to exercise a right equivalent to the Rights of Withdrawal in respect of an agreement to subscribe for or purchase securities of a Fund that a Dealer fails to honour, provided such request is made in respect of a validly exercised right.

8. The Filer or its agent keeps records of the Dealers that have returned to the Filer or its agent signed copies of the Acknowledgement and, on a confidential basis, the Filer or its agent provides the principal regulator for its Funds, on a quarterly basis beginning 60 days after the date upon which the Exemption Sought is first relied upon by the Filer and Funds, and upon request, at the discretion of the Filer, either (i) with a current list of all such Dealers, or (ii) with an update to the list of such Dealers or confirmation that there has been no change to such list.

9. The Exemption Sought terminates the earlier of (a) 6 months from any notice by the CSA that the Exemption Sought may no longer be relied upon; and (b) the coming into force of a requirement under securities legislation to send or deliver the Fund Facts to satisfy the Delivery Requirement.

“Josée Deslauriers” Senior Director Investment Funds and Continuous Disclosure Autorité des marchés financiers


April 25, 2013 (2013) 36 OSCB 4429

2.1.6 Barclays Capital Inc. et al.

Headnote

National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions (NP 11-203) – Applicants are dealersthat regularly participate in offerings of foreign securities into Canada on a private placement basis to permitted clients – when a foreign offering document is provided to prospective Canadian investors certain items of disclosure must be included in the foreign offering document – Canadian specific disclosure items are commonly included in a foreign offering document by adding a “wrapper” to the foreign offering document which contains any required Canadian disclosure – Applicants granted relief from certain disclosure requirements in the context of offerings of securities made under a prospectus exemption to Canadian investors that are permitted clients – the securities must be offered primarily in a foreign jurisdiction – the securities must be issued by an issuer that qualifies as a "foreign issuer" as defined in the decision – Applicants granted relief from the requirement in National Instrument 33-105 Underwriting Conflicts (NI 33-105) to provide disclosure on conflicts of interest between dealersand issuers provided that disclosure required for U.S. registered offerings is provided instead – Applicants granted relief fromthe requirement in NI 33-105 to provide disclosure of a connected issuer relationship where the issuer is a foreign government on certain conditions – Applicants granted relief from the requirement in OSC Rule 45-501 Ontario Prospectus and Registration Exemptions to include in an offering memorandum disclosure of the statutory right of action for damages and right of rescissionprovided to purchasers under the legislation on certain conditions – Applicants provided with a separate permission from the Director pursuant to s. 38(3) of the Securities Act (Ontario) for the making of a listing representation in an offering memorandum – Applicants provided with a separate letter from the Director confirming that the requirement in Form 45-106F1 Report of Exempt Distribution in Ontario to notify purchasers of the collection of their personal information only applies where such purchasers are individuals.


National Instrument 33-105 Underwriting Conflicts, s. 2.1. OSC Rule 45-501 Ontario Prospectus and Registration Exemptions, s. 5.3. National Instrument 45-106 Prospectus and Registration Exemptions – Form 45-106F1. Securities Act, R.S.O. 1990, c. S.5, as amended.

April 23, 2013


ONTARIO, ALBERTA, BRITISH COLUMBIA, MANITOBA, NEW BRUNSWICK, NEWFOUNDLAND AND LABRADOR, NORTHWEST TERRITORIES, NOVA SCOTIA, NUNAVUT,

PRINCE EDWARD ISLAND, QUÉBEC, SASKATCHEWAN AND YUKON

AND

IN THE MATTER OF THE PROCESS FOR EXEMPTIVE RELIEF APPLICATIONS IN MULTIPLE JURISDICTIONS

AND

IN THE MATTER OF BARCLAYS CAPITAL INC., BARCLAYS CAPITAL CANADA INC.,

CITIGROUP GLOBAL MARKETS INC., CITIGROUP GLOBAL MARKETS CANADA INC., DEUTSCHE BANK SECURITIES INC., DEUTSCHE BANK SECURITIES LIMITED,

HSBC SECURITIES (USA) INC., HSBC SECURITIES (CANADA) INC., J.P. MORGAN SECURITIES LLC, J.P. MORGAN SECURITIES CANADA INC.,

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, MERRILL LYNCH CANADA INC., RBC CAPITAL MARKETS, LLC,

RBC DOMINION SECURITIES INC., SCOTIA CAPITAL (USA) INC., SCOTIA CAPITAL INC., UBS SECURITIES LLC AND UBS SECURITIES CANADA INC.

(COLLECTIVELY, THE APPLICANTS)

DECISION


April 25, 2013 (2013) 36 OSCB 4430

Background

Connected and Related Issuer Disclosure

The regulator in Ontario has received an application from the Applicants for a decision under the Legislation of the jurisdiction of the principal regulator for the following exemptions (the Passport Exemptions)

(i) an exemption from the disclosure (the Connected Issuer Disclosure and Related Issuer Disclosure) required by subsection 2.1(1) of National Instrument 33-105 Underwriting Conflicts (NI 33-105) as specified in Appendix C of NI 33-105 in an offering memorandum as defined in the Legislation (Offering Memorandum) with respect to distributions of securities that meet all of the following criteria (a Specified Exempt Distribution):

(a) a distribution under an exemption from the prospectus requirement (Accredited Investor Prospectus Exemption) set out in section 2.3 of National Instrument 45-106 Prospectus and Registration Exemptions (NI45-106),

(b) of a security offered primarily in a “foreign jurisdiction” (as defined in National Instrument 14-101 Definitions)(Foreign Jurisdiction),

(c) by an Applicant or an affiliate of an Applicant named in Schedule A attached hereto (Affiliate) as underwriter,

(d) to Canadian investors each of which is a “permitted client” as defined in NI 31-103 (Permitted Client), and

(e) of a security issued by an issuer incorporated, formed or created under the laws of a Foreign Jurisdiction, that is not a reporting issuer in any jurisdiction of Canada, that has its head office or principal executive office outside of Canada, and that is not an investment fund as defined in the Legislation (Foreign Issuer).

(ii) an exemption from the requirement to include Connected Issuer Disclosure in an Offering Memorandum for a Specified Exempt Distribution of a security issued or guaranteed by the government of a Foreign Jurisdiction (Foreign Government) and that meets all of the criteria described in (i) above other than (e); and

(iii) an exemption from the requirement to include Related Issuer Disclosure in an Offering Memorandum for a Specified Exempt Distribution of a security issued or guaranteed by a Foreign Government and that meets all of the criteria described in (i) above other than (e).

Right of Action Disclosure

The securities regulatory authority or regulator in each of Ontario, New Brunswick, Nova Scotia and Saskatchewan (the Coordinated Exemptive Relief Decision Makers) has received an application (the Coordinated Exemptive Relief) from the Applicants for a decision under the securities legislation of those jurisdictions for an exemption from the requirement to disclosein an Offering Memorandum with respect to a Specified Exempt Distribution, a description of the statutory right of action available to purchasers for a misrepresentation in the Offering Memorandum (the Right of Action Disclosure).

Process for Exemptive Relief Applications in Multiple Jurisdictions

Under the Process for Exemptive Relief Applications in Multiple Jurisdictions (for a hybrid application):

(a) the OSC is the principal regulator for this application;

(b) the Applicants have provided notice that subsection 4.7(1) of Multilateral Instrument 11-102 Passport System (MI 11-102) is intended to be relied upon in British Columbia, Alberta, Saskatchewan, Manitoba, Québec, New Brunswick, Nova Scotia, Newfoundland and Labrador, Prince Edward Island, Yukon, the Northwest Territories and Nunavut;

(c) the decision is the decision of the principal regulator; and

(d) the decision evidences the decision of each Coordinated Exemptive Relief Decision Maker.

Interpretation

Terms defined in MI 11-102 and National Instrument 14-101 Definitions have the same meaning if used in this decision, unless otherwise defined.

“Legislation” means, for the local jurisdiction, its securities legislation.


April 25, 2013 (2013) 36 OSCB 4431

Representations

This decision is based on the following facts represented by the Applicants:

1. Each Applicant is either an investment dealer or a dealer with the registration of “restricted dealer” or “exempt market dealer” and/or has filed Form 31-103F2 Submission to Jurisdiction and Appointment of Agent for Service (Form 31-103F2) in order to qualify for the international dealer exemption. Attached hereto as Schedule A is a list of the Applicants and Affiliates registered as an investment dealer, restricted dealer or exempt market dealer and/or which have filed Form 31-103F2 in order to qualify for the international dealer exemption under section 8.18 of NI 31-103.

2. Each of Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets LLC, Scotia Capital (USA) Inc. and UBS Securities LLC is registered as a broker-dealer with the U.S. Securities and Exchange Commission and is a member of the Financial Industry Regulatory Authority, a self-regulatory organization.

3. Each Applicant, together with its Affiliates, is actively involved in underwriting public offerings and private placements in the United States and elsewhere by U.S. and other foreign issuers.

4. The Applicants and their Affiliates regularly consider extending offerings of Foreign Issuers or Foreign Governments to Canadian investors that are Permitted Clients under the Accredited Investor Prospectus Exemption.

5. If a prospectus or private placement memorandum (a foreign offering document) is provided to investors outside Canada, it is common practice where these offerings are extended to Canadian investors to provide the foreign offering document to Canadian investors. The foreign offering document when used in the jurisdiction constitutes an Offering Memorandum.

6. If an Offering Memorandum is provided to Canadian investors, it is required to include, depending on the jurisdiction, one or both of (i) the Connected Issuer Disclosure and Related Issuer Disclosure; and (ii) Right of Action Disclosure.

7. The Connected Issuer Disclosure and Related Issuer Disclosure prescribes summary disclosure to be included on the cover page of an Offering Memorandum, together with a cross-reference, and more detailed disclosure to be included in the body of an Offering Memorandum concerning the nature of any relationship that the issuer or any selling securityholder may have with an underwriter of the distribution or any affiliate of an underwriter, either through a significant security holding (related issuer) (Related Issuer Disclosure) or such that a reasonable prospective purchaser of the offered securities may be led to question if the underwriter or affiliate and the issuer or selling securityholder are independent of each other in respect of the distribution (connected issuer) (Connected Issuer Disclosure) and the effect the distribution may have on the underwriter or affiliate.

8. The Right of Action Disclosure provides a description of the statutory right of action for rescission or damages available to purchasers in the event of misrepresentation in the Offering Memorandum.

9. In order to have the prescribed Canadian disclosure included in the foreign offering document, that foreign offering document may either be amended to include the prescribed Canadian disclosure, or, more commonly, a "wrapper" with the prescribed Canadian disclosure and other optional disclosure (a Canadian wrapper) is prepared by one or more underwriters making a Specified Exempt Distribution and attached to the face of the foreign offering document, so that the Canadian wrapper together with the foreign offering document form one document constituting a Canadian Offering Memorandum for the purposes of that offering. The underwriters making the Exempt Distribution or their affiliates provide the Canadian Offering Memorandum to purchasers in Canada.

10. An offering document for an offering registered under U.S. federal securities laws (U.S. Registered Offering) by a U.S. domestic issuer or foreign private issuer must include disclosure, pursuant to section 229.508 of Regulation S-K under the U.S. Securities Act of 1933, as amended (1933 Act) and FINRA Rule 5121 regarding underwriter conflicts of interest, that is substantially similar to that required by the Connected Issuer Disclosure and Related Issuer Disclosure, except that cover page disclosure is not required.

11. An offering document for a U.S. Registered Offering must identify each underwriter having a material relationship with the issuer and state the nature of the relationship. Pursuant to FINRA Rule 5121, no underwriter that has a conflict of interest may participate in a U.S. Registered Offering unless the offering document includes prominent disclosure of the nature of the conflict of interest.

12. Certain unregistered offerings (such as bank debt offerings exempt from registration under section 3(a)2 of the 1933 Act, offerings by foreign governments and securities exchange offerings exempt from registration under section 3(a)9 of the 1933 Act) are also subject to FINRA Rule 5121.


April 25, 2013 (2013) 36 OSCB 4432

13. Right of Action Disclosure is only required in the provinces of Saskatchewan, Nova Scotia, New Brunswick and Ontario. The securities legislation of Manitoba, Prince Edward Island, Newfoundland and Labrador, Yukon, the Northwest Territories and Nunavut provide for statutory rights of rescission or damages in the event of misrepresentation in an offering memorandum, but do not mandate disclosure of the rights in the offering memorandum. The securities legislation of Alberta, British Columbia and Quebec provides for statutory rights of rescission or damages in the event of misrepresentation in an offering memorandum when the exemption in section 2.9 of NI 45-106 is relied upon.

14. The added complexity, delays and enhanced costs associated with ensuring compliance with Canadian Offering Memorandum requirements are frequently factors that issuers and underwriters take into consideration when deciding whether to include Canadian investor participation in an offering.

15. Non-Canadian issuers and underwriters will often extend the offering to Canadian institutional investors, provided that the timing requirements and incremental compliance costs do not outweigh the benefits of doing so.

16. In many cases, an offering proceeds on such an accelerated timetable that even a one-day turn-around to prepare a Canadian wrapper can make it impracticable to include participation by Canadian investors.

Decision

Each of the principal regulator and the Coordinated Exemptive Relief Decision Makers is satisfied that the decision meets the test set out in the Legislation for the relevant regulator or securities regulatory authority to make the decision.

The decision of the principal regulator under the Legislation is that the Passport Exemptions are granted effective as of the date that is sixty days after the date of this Decision, provided that:

(a) each Applicant and Affiliate shall deliver to each prospective purchaser of securities under a Specified Exempt Distribution a notice, substantially in the form of Schedule B attached hereto, prior to the first reliance on this Decision for distributions of securities to such prospective purchaser and the purchaser provides in return a written acknowledgement and consent to reliance by the Applicant or Affiliate upon this Decision;

(b) for a Specified Exempt Distribution by a Foreign Issuer, any Offering Memorandum provided by an Applicant or Affiliate complies with the disclosure requirements applicable to a U.S. Registered Offering with respect to disclosure of underwriter conflicts of interest between the Applicant or Affiliate and the issuer or selling securityholder, whether or not the offering is a U.S. Registered Offering;

(c) if Related Issuer Disclosure would have been required for a Specified Exempt Distribution of securities issued or guaranteed by a Foreign Government, any Offering Memorandum provided by an Applicant or Affiliate:

(i) complies with the disclosure requirements applicable to a U.S. Registered Offering with respect to disclosure of underwriter conflicts of interest between the Applicant or Affiliate and the issuer or selling securityholder, whether or not the offering is a U.S. Registered Offering; or

(ii) contains the disclosure specified in Appendix C of NI 33-105 to be included in the body of a prospectus or other document;

(d) on a monthly basis (unless and until otherwise notified in writing by the Director of the Corporate Finance Branch of the principal regulator), the Applicants will deliver to the Director of the Corporate Finance Branch of the principal regulator (within ten days of the last day of the previous month), a list of the Specified Exempt Distributions it or an Affiliate has made in reliance on this Decision stating the name of the issuer, the security distributed, the total value of the offering in Canadian dollars, the value in Canadian dollars of the securities distributed in Canada by the Applicant and its Affiliates, the date of the Form 45-106F1 Report of Exempt Distribution (Form 45-106F6 British Columbia Report of Exempt Distribution in British Columbia) filed with applicable regulators and the jurisdictions in which it was filed;

(e) each Form 45-106F1 filed with the principal regulator by an Applicant or an Affiliate in connection with a Specified Exempt Distribution shall be filed using the electronic version of Form 45-106F1 available on the website of the principal regulator; and

(f) the Passport Exemptions shall terminate on the earlier of: (i) the date that is three years after the effective date of this Decision and (ii) the date that amendments to the Legislation become effective in each jurisdiction of Canada that provide for substantially the same relief as the Passport Exemptions.


April 25, 2013 (2013) 36 OSCB 4433

“Jo-Anne Matear” Manager, Corporate Finance Ontario Securities Commission

AND

The decision of the Coordinated Review Decision Makers under the Legislation is that the Coordinated Exemptive Relief is granted, effective as of the date that is sixty days after the date of this Decision, provided that:

(a) each Applicant and Affiliate shall deliver to each prospective purchaser of securities under a Specified Exempt Distribution a notice, substantially in the form of Schedule B attached hereto, prior to the first reliance on this Decision for distributions of securities to such prospective purchaser and the purchaser provides in return a written acknowledgement and consent to reliance by the Applicant or Affiliate upon this Decision; and

(b) the Coordinated Exemptive Relief shall terminate in a particular jurisdiction on the earlier of: (i) the date that is three years after the effective date of this Decision and (ii) the date that amendments to the Legislation become effective in the jurisdiction that provide for substantially the same relief as the Coordinated Exemptive Relief.

“James E. A. Turner” Ontario Securities Commission

“Mary G. Condon” Ontario Securities Commission


April 25, 2013 (2013) 36 OSCB 4434

SCHEDULE A

The Applicants and Their Affiliates Registered as an Investment Dealer, Restricted Dealer or Exempt Market Dealer and/or Which Have Filed Form 31-103F2 in Order to Qualify for the International Dealer Exemption

Applicant and affiliates

Registration status

Exempt International

Dealer

Exempt MarketDealer

Restricted Dealer

Investment Dealer

BARCLAYS

BARCLAYS CAPITAL INC. Relying on International Dealer Exemption.

(ON, AB, BC, MB, NB, NS, QC, SK)

BARCLAYS CAPITAL SECURITIES LIMITED

Relying on International Dealer Exemption.

(ON, AB, BC, MB, NB, NS, QC, SK)

BARCLAYS CAPITAL CANADA INC.

Registered as an Investment Dealer.

(ON, BC, AB, SK, MB, QC, NS, NB)

CITIGROUP

CITIGROUP GLOBAL MARKETS INC.


(ON, AB, BC, MB, NB, NL, NT, NS, PE, QC, SK, YT)

CITIGROUP GLOBAL MARKETS LIMITED


(ON)

CITIGROUP GLOBAL MARKETS CANADA INC.


(ON, AB, NB, BC, MB, NL, NS, PE, QC, SK, NT, NU, YK)

DEUTSCHE BANK

DEUTSCHE BANK SECURITIES INC.


(ON, AB, BC, MB, NB, NL, NS, PE, QC, SK)

DEUTSCHE ASSET MANAGEMENT CANADA LIMITED

Registered as an Exempt Market Dealer.

(ON, AB, BC, MB, NB, NL, NT, NS, NU, PE, QC, SK, YT)

DEUTSCHE BANK AG Relying on International Dealer Exemption.

(ON)

DEUTSCHE BANK SECURITIES LIMITED


(ON, BC, AB, SK, MB, QC)


April 25, 2013 (2013) 36 OSCB 4435


Registration status


Dealer

Exempt MarketDealer

Restricted Dealer

Investment Dealer

HSBC

HSBC SECURITIES (USA) INC.


(ON, AB, BC, QC)

HSBC GLOBAL ASSET MANAGEMENT (CANADA) LIMITED.


(ON, AB, BC, MB, NB, NL, NT, NS, QC, SK)

HSBC SECURITIES (CANADA) INC.



J.P. MORGAN

J.P. MORGAN SECURITIES LLC

Relying on International Dealer exemption; registered as a Restricted Dealer.

(ON, AB, BC, MB, NB, NL, NS, NT, NU, PE, QC, SK, YT)

(ON, AB, NB, NL, NT, NS, NU, PE, QC, SK, YT)

J.P. MORGAN CLEARING CORP.

Relying on International Dealer Exemption; registered as a Restricted Dealer.


(ON, NB, NL, NS, PE, QC, SK)

JPMORGAN ASSET MANAGEMENT (CANADA) INC.


(ON, AB, BC, MB, NB, NL, NT, NS, NU, PE, QC, SK)

J.P. MORGAN SECURITIES PLC



J.P. MORGAN SECURITIES CANADA INC.


(ON, AB, QC)

MERRILL LYNCH

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

Relying on International Dealer Exemption; registered as an Exempt Market Dealer and Restricted Dealer.

(ON, AB, MB, NB, NL, NT, NS, PE, QC, SK)

(ON, AB, BC, QC [Foreign Dealer Restrictionfor ON])

(QC)


April 25, 2013 (2013) 36 OSCB 4436


Registration status


Dealer

Exempt MarketDealer

Restricted Dealer

Investment Dealer

MERRILL LYNCH PROFESSIONAL CLEARING CORP.

Relying on International Dealer Exemption; registered as a Restricted Dealer.

(ON, QC) (ON, AB, BC, QC)

MERRILL LYNCH COMMODITIES (EUROPE) LTD.


(ON, AB, BC, MB, QC)

MERRILL LYNCH INTERNATIONAL



MERRILL LYNCH INTERNATIONAL BANK LIMITED



MERRILL LYNCH CANADA INC.


(ON, BC, AB, SK, MB, QC, NS, NB, PE, NL, NT, YK)

RBC

RBC CAPITAL MARKETS, LLC


(ON, AB, BC, MB, NB, NL, NT, NS, PE, QC, SK, YT)

RBC GLOBAL ASSET MANAGEMENT INC.



RBC EUROPE LIMITED Relying on International Dealer Exemption.

(ON, AB, BC, QC)

RBC SECURITIES AUSTRALIA PTY LIMITED


(ON)

RBC DOMINION SECURITIES INC.



SCOTIA

SCOTIA CAPITAL (USA) INC.


(ON)


April 25, 2013 (2013) 36 OSCB 4437


Registration status


Dealer

Exempt MarketDealer

Restricted Dealer

Investment Dealer

SCOTIA ASSET MANAGEMENT L.P.


(ON, AB, BC, MB, NB, NL, NS, QC)

SCOTIA CAPITAL INC. Registered as an Investment Dealer.

(ON, BC, AB, SK, MB, QC, NS, NB, PE, NL, NU, NT, YK)

UBS

UBS SECURITIES LLC Relying on International Dealer Exemption; registered as an Exempt Market Dealer.

(ON, AB, BC, MB, NB, NL, NS, QC, SK)


UBS GLOBAL ASSET MANAGEMENT (CANADA) INC.



UBS INVESTMENT MANAGEMENT CANADA INC.



UBS (BAHAMAS) LTD Relying on International Dealer Exemption.


UBS AG Relying on International Dealer Exemption.


UBS FINANCIAL SERVICES INC.



UBS LIMITED Relying on International Dealer Exemption.


UBS SECURITIES AUSTRALIA LTD.



UBS (LUXEMBOURG) S.A Relying on International Dealer Exemption.

(ON)

UBS SECURITIES CANADA INC.


(ON, AB, NB, BC, MB, NS, QC, SK)


April 25, 2013 (2013) 36 OSCB 4438

SCHEDULE B

FOREIGN SECURITY PRIVATE PLACEMENTS

NOTICE TO CLIENTS

We may from time to time sell to you as principal or agent securities of Foreign Issuers (other than investment funds) or securities of or guaranteed by Foreign Governments sold into Canada on a prospectus exempt basis ("Foreign Security Private Placements"). On •, 2013, the Canadian Securities Administrators issued a decision (the Decision) exempting us and our affiliates from certain disclosure obligations applicable to such transactions on the basis that you are a permitted client as defined in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registration Requirements. The Decision is available at • and terminates on the earlier of three years after the effective date of the Decision and the date amendments to the Legislation come into effect in each jurisdiction in Canada that provide for substantially the same relief asthe Decision. Capitalized terms used but not otherwise defined in this notice have the meanings ascribed to such terms in the Decision.

It is a requirement of the Decision that we notify you of the following two matters set forth in this notice.

1. Statutory Rights of Action

If, in connection with a Foreign Security Private Placement, we deliver to you an offering document that constitutes an offeringmemorandum under applicable securities laws in Canada, you may have, depending on the province or territory of Canada in which the trade was made to you, remedies for rescission or damages if the offering memorandum and any amendment thereto contains a misrepresentation, provided that the remedies for rescission or damages are exercised by you within the time limit prescribed by the securities legislation of your province or territory. You should refer to any applicable provisions of the securities legislation of your province or territory for the particulars of these rights or consult with a legal advisor.

2. Relationship between the Issuer or Selling Securityholder and the Underwriters

We or our affiliates in respect of a Foreign Security Private Placement may have an ownership, lending or other relationship withthe issuer of such securities or a selling securityholder that may cause the issuer or selling securityholder to be a “related issuer” or "connected issuer" to us or such affiliate under Canadian securities law (as those terms are defined in National Instrument 33-105 Underwriting Conflicts). Under the terms of the Decision, the offering document for a private placement by a Foreign Issuerwill disclose underwriter conflicts of interest in accordance with the requirements of U.S. federal securities laws and of the Financial Industry Regulatory Authority, a self-regulatory organization in the United States, applicable to an offering registeredunder the 1933 Act. The Decision grants an exemption from the requirement to include connected issuer disclosure or cover page related issuer disclosure in an offering document for a private placement of securities of or guaranteed by a Foreign Government.

Please note the following for your information.

Canadian Federal Income Tax Considerations

The offering document in respect of the Foreign Security Private Placement may not contain a discussion of the Canadian tax consequences of the purchase, holding or disposition of the securities offered. You are advised to consult your own tax advisorregarding the Canadian federal income tax considerations relevant to the purchase of securities offered in a Foreign Security Private Placement having regard to your particular circumstances. The Canadian federal income tax considerations relevant to you may differ from the income tax considerations described in the offering document and such differences may be material and adverse.

Dated •, 2013


April 25, 2013 (2013) 36 OSCB 4439

CLIENT ACKNOWLEDGEMENT, CONSENT AND REPRESENTATION

I, _______________________, on behalf of ________________________, acknowledge receipt of the Notice to Clients dated

____________, 2013 and consent to Foreign Security Private Placements made to us by way of offering documents prepared

and delivered in reliance on an exemption from the disclosure requirements described in the decision of the Canadian Securities

Administrators dated •, 2013, and represent that ________________________ is a “permitted client” as defined in National

Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registration Requirements.

Per: _________________________ Date: _________________________ Authorized Signatory

I have authority to bind the company

Name: ________________________

Title: _________________________


April 25, 2013 (2013) 36 OSCB 4440

2.2 Orders

2.2.1 Richard Bruce Moore – ss. 127, 127.1 of the Act and Rule 12 of the OSC Rules of Procedure



AND


ORDER(Pursuant to sections 127 and 127.1 of the Securities Act

and Rule 12 of the Commission’s Rules of Procedure)

WHEREAS on April 11, 2013 the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing (the “Notice of Hearing”) pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”), and Staff of the Commission (“Staff”) filed a statement of allegations (the “Statement of Allegations”) in respect of Richard BruceMoore (“Moore”);

AND WHEREAS Moore has entered into a settlement agreement with Staff dated April 8, 2013 (the “Settlement Agreement”) in relation to the matters set out in the Notice of Hearing and the Statement of Allegations;

AND WHEREAS in the Notice of Hearing the Commission announced that it proposed to hold a hearing to consider whether it is in the public interest to approve the Settlement Agreement between Staff and Moore;

AND WHEREAS the Commission has reviewed the Notice of Hearing, the Statement of Allegations, and the Settlement Agreement, and has heard submissions from counsel for Moore and for Staff;

AND WHEREAS Moore has entered into an undertaking as part of the Settlement Agreement whereby he shall make a voluntary payment to the Commission in the amount of $300,000, which will be designated for allocation or for use by the Commission in accordance with subsections 3.4(2)(b)(i) or (ii) of the Act;

AND WHEREAS Moore has provided to Staff certified cheques in full payment of all monetary amounts provided and described in this Order including the above-described voluntary payment;

AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order;

IT IS HEREBY ORDERED that:

(a) the settlement is approved;

(b) pursuant to subsection 127(1)2 of the Act, trading in any securities by Moore including as the term “security” is defined in subsections 1(1) and 76(6) of the Act, whether direct or indirect, shall cease for a period of 10 years from the date of this order except as follows:

(i) trading shall be permitted only in mutual fund, exchange-traded fund or index fund securities for the account of any registered retirement savings plans, tax free savings accounts and self-directed retirement savings plans (as defined in the Income Tax Act (Canada)) in which Moore and/or his spouse have sole legal and beneficial ownership, and such trading is carried out through a registered dealer in Canada to whom he must give a copy of this Order at the time he opens or modifies these accounts; and

(ii) trading shall be permitted only in mutual fund, exchange-traded fund or index fund securities for the account of any registered education savings plans (as defined in the Income Tax Act (Canada)) in which Moore and/or his spouse are subscribers and one or more of his children have beneficial ownership, and such trading is carried out through a registered dealer in Canada to whom he must give a copy of this Order at the time he opens or modifies these accounts;


April 25, 2013 (2013) 36 OSCB 4441

(c) pursuant to subsection 127(1)2.1 of the Act, the acquisition of any securities by Moore, including as the term “security” is defined in subsections 1(1) and 76(6) of the Act, whether direct or indirect, is prohibited for a period of 10 years from the date of this order, except as follows:

(i) the acquisition of any securities by Moore shall be permitted only in mutual fund, exchange-traded fund or index fund securities for the account of any registered retirement savings plans, tax free savings accounts and self-directed retirement savings plans (as defined in the Income Tax Act (Canada)) in which Moore and/or his spouse have sole legal and beneficial ownership, and such trading is carried out through a registered dealer in Canada to whom he must give a copy of this Order at the time he opens or modifies these accounts;

(ii) the acquisition of any securities by Moore shall be permitted only in mutual fund, exchange-traded fund or index fund securities for the account of any registered education savings plans (as defined in the Income Tax Act (Canada)) in which Moore and/or his spouse are subscribers and one or more of his children have beneficial ownership, and such trading is carried out through a registered dealer in Canada to whom he must give a copy of this Order at the time he opens or modifies these accounts; and

(iii) the acquisition by Moore of any securities of a “private issuer” as defined in section 2.4 of National Instrument 45-106 shall be permitted for investment purposes for (i) his own account, (ii) the account of a corporation of which he and/or his spouse have sole legal and beneficial ownership, or (iii) the account of a trust in which his children are the sole beneficiaries, except that Moore shall not be permitted to acquire securities in a private issuer that holds, directly or indirectly, securities of a reporting issuer as defined in sections 1(1) and 76(5) of the Act or any other issuer with a real and substantial connection to Ontario, any securities of which are publicly traded;

(d) pursuant to subsection 127(1)3 of the Act, any exemptions contained in Ontario securities law do not apply to Moore for a period of 10 years from the date of this order except for the purpose of trades described in subparagraphs (b)(i) and (ii), and (c)(i), (ii), and (iii) set forth above in this Order;

(e) pursuant to subsection 127(1)6 of the Act, Moore is reprimanded;

(f) pursuant to subsections 127(1)7 and 8.1 of the Act, Moore shall immediately resign any position he holds as a director or officer of any reporting issuer or registrant;

(g) pursuant to subsection 127(1)8 of the Act, Moore is prohibited for a period of 10 years from the date of this order from becoming or acting as a director or officer of any reporting issuer;

(h) pursuant to subsections 127(1)8.2, 8.4, and 8.5 of the Act, Moore is prohibited for a period of 15 years from the date of this order from becoming or acting as a registrant, an investment fund manager, a promoter (in respect of a reporting issuer), or as a director or officer of any registrant or investment fund manager;

(i) pursuant to subsection 127(1)10 of the Act, Moore shall disgorge to the Commission the amount of $43,268.94, which shall be designated for allocation or for use by the Commission in accordance with subsections 3.4(2)(b)(i) or (ii) of the Act;

(j) pursuant to subsection 127(1)9 of the Act, Moore shall pay an administrative penalty in the amount of $86,000, which shall be designated for allocation or for use by the Commission in accordance with subsections 3.4(2)(b)(i) or (ii) of the Act; and

(k) pursuant to subsection 127.1(1) of the Act, Moore shall pay investigation costs to the Commission in the amount of $75,000.

Dated at Toronto this 16th day of April 2013.

“Edward P. Kerwin”


April 25, 2013 (2013) 36 OSCB 4442

2.2.2 Prestige Telecom Inc. – s. 144

Headnote

Section 144 – partial revocation of cease trade order – Applicant has applied for a variation of the cease trade order to permitcertain trades in connection with a reorganization under Section 191 of the Canada Business Corporations Act– Proposal to the Applicant's unsecured creditors approved by the Superior Court of Quebec and the Applicant's unsecured creditors – partial revocation granted subject to conditions.


Securities Act, R.S.O. 1990, c. S.5, as am., ss. 127, 144. National Policy 12-202 Revocation of a Compliance-related Cease Trade Order.


R.S.O. 1990, c. S.5, AS AMENDED (THE “ACT”)

AND

IN THE MATTER OF PRESTIGE TELECOM INC.

ORDER(Section 144)

WHEREAS the securities of Prestige Telecom Inc. (“Prestige”) are subject to a temporary cease trade order made by the Director dated October 18, 2011 under subsections 127(1) and 127(5) of the Act and as extended by a further cease trade order made by the Director dated October 31, 2011 under subsection 127(1) of the Act directing that trading in and acquisitionsof securities of Prestige cease unless revoked by a further order of revocation (the “Ontario Cease Trade Order”);

AND WHEREAS Prestige has applied to the Ontario Securities Commission (the “Commission”) pursuant to section 144 of the Act (the “Application”) for a partial revocation of the Ontario Cease Trade Order in connection with a reorganization of the capital of Prestige pursuant to a proposal under the Bankruptcy and Insolvency Act (Canada) (the “BIA”);

AND WHEREAS Prestige has represented to the Commission that:

1. Prestige was incorporated under the Canada Business Corporations Act, R.S.C. (1985), c. C-44 (the “CBCA”) on July 30, 2007;

2. Prestige’s head office is located at 575 Morgan Blvd., Baie D'Urfé, Québec, H9X 3T6;

3. Prestige operates in the fields of construction, engineering, equipment supply, refurbishing and installation of telecom wireless application and telephone exchanges and is also engaged in designing, mapping and laying cable for telecom and cable industries;

4. Prestige is a reporting issuer in each of the provinces of Québec, Ontario, Alberta and British Columbia;

5. Prestige’s authorized share capital consists of an unlimited number of common shares and an unlimited number of preferred shares, issuable in series, none of which have been issued. Currently, there are 118,182,568 common shares issued and outstanding;

6. Prestige’s common shares are listed for trading on the TSX Venture Exchange (the “TSX-V”) under the symbol “PR” but trading in the common shares of Prestige has been suspended by the TSX-V since October 7, 2011. The common shares were transferred to NEX on March 14, 2012;

7. The Ontario Cease Trade Order was issued by the Commission as a consequence of Prestige filing interim unaudited financial statements for the three-month period ended June 30, 2011 prepared in accordance with Canadian generally accepted accounting principles (“GAAP”) and not in accordance with International Financial Reporting Standards (“IFRS”), as now required for publicly-listed companies such as Prestige (the “Default”) and Prestige has acknowledged the Default in a news release dated October 7, 2011. Since then, Prestige has not filed any financial


April 25, 2013 (2013) 36 OSCB 4443

statements prepared in accordance with IFRS, nor any officer certification or management discussion and analysis relating thereto, nor any annual information form nor any executive compensation disclosure.

8. In addition to the Ontario Cease Trade Order, Prestige is subject to similar orders rendered by the securities regulatory authorities in each of the provinces of Québec, Alberta and British Columbia. Applications for the partial revocation of such cease trade orders are being made by Prestige concurrently with the Application;

9. Prestige issued a news release on November 23, 2011 and filed a material change report on November 30, 2011 announcing that it had filed a notice of intention to submit a proposal to its creditors pursuant to the BIA and appointed Raymond Chabot Inc. as trustee following the receipt from its main lender and secured creditor of a prior notice of its intention in accordance with section 244 of the BIA;

10. On November 25, 2011, Prestige announced that it had received leave from the Commercial Chamber of the Superior Court of Québec to complete the sale of substantially all of Prestige’s assets to 792285 Canada Inc. (“Thornhill”);

11. On November 29, 2011, Prestige announced that Thornhill purchased substantially all of the assets of Prestige;

12. On February 15, 2012, Prestige announced that it had submitted a proposal (the “Proposal”) to its creditors under the BIA and on March 6, 2012, the Proposal received approval by the statutory majority of Prestige’s unsecured creditors under the BIA;

13. The Proposal involves the acceptance of an offer from Thornhill and the reorganization of Prestige’s share capital in such a manner as to allow Thornhill to be the sole shareholder of Prestige. As such, the Proposal includes the filing of articles of reorganization providing, inter alia, for:

(a) The creation of a new class of redeemable shares of the capital of Prestige (the “Redeemable Shares”);

(b) The conversion of each issued and outstanding common share of Prestige into 0.00000001 of a Redeemable Share;

(c) The automatic redemption of all of the outstanding Redeemable Shares and fractional interests therein following their issuance, without notice to the holders of such Redeemable Shares for a nominal consideration;

(d) Immediately following the redemption of all of the Redeemable Shares, the cancellation, removal and deletion of the authorized share capital of Prestige; and

(e) The creation of a new class of common shares of the capital of Prestige, the Class A Common Shares, to be issued to Thornhill and which will represent 100% of the issued and outstanding shares of Prestige;

Following the completion of the reorganization and after Thornhill becoming the sole shareholder of Prestige, it is intended that Prestige will be liquidated and dissolved pursuant to the CBCA (the transactions set forth in this paragraph constitute the “Reorganization”);

14. Prestige intends to rely on the exemption in section 2.11 of National Instrument 45-106 – Prospectus and Registration Exemptions to complete the trades in securities of Prestige in connection with the Proposal and the Reorganization;

15. On March 28, 2012, Prestige received a final order from the Commercial Chamber of the Superior Court of Québec approving the Proposal and authorizing the Reorganization of Prestige’s share capital pursuant to section 191 of the CBCA;

16. The Proposal and Reorganization are not subject to any shareholder approval pursuant to any corporate or securities legislation, including Multilateral Instrument 61-101 Protection of Minority Security Holders In Special Transactions;

17. As the Proposal and Reorganization will involve trades in securities of Prestige (including, for greater certainty, acts infurtherance of trades in securities of Prestige), Prestige cannot complete the Proposal and Reorganization without a partial revocation of the Ontario Cease Trade Order;

18. Given the circumstances described above, the preparation and filing of continuous disclosure materials required to remedy the Ontario Cease Trade Order will serve no purpose and would be of no benefit to securityholders of Prestige;


April 25, 2013 (2013) 36 OSCB 4444

19. Prior to the completion of the Proposal and the Reorganization, Prestige:

(a) will provide Thornhill with a copy of the Ontario Cease Trade Order and a copy of this Order; and

(b) will obtain from Thornhill a signed and dated acknowledgement that all of Prestige’s securities, including the Class A Common Shares to be issued in connection with the Reorganization, will remain subject to the Ontario Cease Trade Order, and that the granting of this Order does not guarantee the issuance of a full revocation order in the future.

20. Except for the Default that led to the issuance of the Ontario Cease Trade Order and other continuous disclosure defaults since the issuance of the Ontario Cease Trade Order, Prestige is not in default of any requirements of the Ontario Cease Trade Order or the Act or the rules and regulations made pursuant thereto;

AND WHEREAS considering the Application and the recommendation of the staff of the Commission;

AND WHEREAS the Director being satisfied that to do so would not be prejudicial to the public interest;

IT IS ORDERED, pursuant to section 144 of the Act, that the Ontario Cease Trade Order is partially revoked solely to permit trades in securities of Prestige in connection with the Proposal and the Reorganization and all other acts in furtherance of the Reorganization that may be considered to fall within the definition of "trade" within the meaning of the Act, provided that:

(a) Prior to the completion of the Proposal and Reorganization, Prestige:

(i) will provide Thornhill with a copy of the Ontario Cease Trade Order and a copy of this Order; and

(ii) will obtain from Thornhill a signed and dated acknowledgement that all of Prestige’s securities, including the Class A Common Shares to be issued in connection with the Reorganization, will remain subject to the Ontario Cease Trade Order, and that the granting of this Order does not guarantee the issuance of a full revocation order in the future.

(b) Prestige provide a copy of the written acknowledgment mentioned above to the Commission.

DATED this 22nd day of March, 2013.

“Lisa Enright” Manager, Corporate Finance Ontario Securities Commission


April 25, 2013 (2013) 36 OSCB 4445

2.2.3 New Futures Trading International Corporation and Fernando Honorate Fagundes also known as Henry Roche – Rule 1.5.3 of the OSC Rules of Procedure



AND

IN THE MATTER OF NEW FUTURES TRADING INTERNATIONAL

CORPORATION and FERNANDO HONORATE FAGUNDES also known as HENRY ROCHE

ORDER(Rule 1.5.3 of the Commission’s

Rules of Procedure (2012), 35 O.S.C.B. 10071)

WHEREAS on March 18, 2013, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to subsections 127(1) and 127(10) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) in respect of New Futures Trading International Corporation (“New Futures”) and Fernando Honorate Fagundes also known as Henry Roche (“Fagundes”) (collectively, the “Respondents”);

AND WHEREAS on March 18, 2013, Staff of the Commission (“Staff”) filed a Statement of Allegations in respect of the same matter;

AND WHEREAS on April 3, 2013, the Commission heard applications by Staff to waive service on the Respondents in accordance with Rule 1.5.3 of the Commission’s Rules of Procedure (2012), 35 O.S.C.B. 10071 (the “Rules of Procedure”), and to convert the matter to a written hearing pursuant to Rule 11.5 of the Rules of Procedure;

AND WHEREAS on April 3, 2013, Staff filed the affidavit of Raymond Daubney, an investigator for the Commission, sworn on March 22, 2013, outlining his attempts to locate and contact the Fagundes for the purpose of service;

AND WHEREAS on April 3, 2013, the panel’s decision on Staff’s application to waive service on the Respondents was reserved to be delivered within 10 days;

AND WHEREAS on April 9, 2013, the panel issued its reasons and decision on Staff’s application to waive service;

AND WHEREAS on April 9, 2013, the Commission ordered that;

(a) the motion to waive service of process on Fagundes is granted, pursuant to Rule 1.5.3 of the Rules of Procedure;

(b) Staff’s application to proceed by way of written hearing is granted, pursuant to Rule 11 of the Rules of Procedure;

(c) Staff’s materials in respect of the written hearing shall be filed no later than April 17, 2013;

(d) By April 17, 2013, Staff shall inform Fagundes’ brother, by telephone that Fagundes and New Futures are the subject of a Notice of Hearing before the Commission, that Staff is seeking an order against Fagundes and New Futures, and that if he wishes to oppose the granting of an order, Fagundes should serve and file materials with the Commission by May 17, 2013;

(e) The Respondents’ responding materials, if any, shall be served and filed no later than May 17, 2013; and

(f) In the absence of any responding materials, the Commission shall proceed to consider Staff’s application.

AND WHEREAS on April 17, 2013, Staff filed the affidavit of Raymond Daubney, sworn on April 16, 2013, outlining his attempts to locate and contact New Futures for the purpose of service;

AND WHEREAS on April 17, 2013, the panel considered that New Futures was been served the Notice of Hearing and Statement of Allegations through counsel, who accepted service on its behalf, at New Future’s last registered address;

AND WHEREAS the panel is satisfied that New Futures has been served the Notice of Hearing and Statement of Allegations, pursuant to Rule 1.5 of the Rules of Procedure;

AND WHEREAS the affidavit of Raymond Daubney, sworn on April 16, 2013, provides that counsel accepting service for New Futures has advised he would not respond or file materials on behalf of New Futures in this proceeding;

AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;


(a) future service on New Futures is waived, pursuant to subrule 1.5.3(3) of the Rules of Procedure; and

(b) Staff shall file materials and brief submissions in respect of New Futures no later than April 24, 2013.


“Alan Lenczner”


April 25, 2013 (2013) 36 OSCB 4446

2.2.4 Vincent Ciccone and Cabo Catoche Corp. (a.k.a. Medra Corp. and Medra Corporation)



AND

IN THE MATTER OF VINCENT CICCONE and CABO CATOCHE CORP.

(a.k.a. MEDRA CORP. and MEDRA CORPORATION)

ORDER

WHEREAS on October 3, 2011, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) in connection with a Statement of Allegations filed by Staff of the Commission (“Staff”) on September 30, 2011, with respect to Vincent Ciccone (“Ciccone”) and Medra Corp.;

AND WHEREAS on May 3, 2012, the Commission issued an Amended Notice of Hearing in connection with an Amended Statement of Allegations filed by Staff on May 2, 2012, to amend the title of proceedings by replacing the name “Medra Corp.” with “Cabo Catoche Corp. (a.k.a Medra Corp. and Medra Corporation)” (collectively, “Medra”);

AND WHEREAS on September 7, 2012, the Commission approved a Settlement Agreement between Staff and Ciccone;

AND WHEREAS the Office of the Secretary received an e-mail dated September 5, 2012, from a representative of Medra requesting Staff disclose all relevant documents in their possession by sending copies of said documents to Medra at its offices in Mexico:

AND WHEREAS the Panel convened the hearing on the merits of the allegations against Medra (the “Merits Hearing”) and, as a preliminary matter, heard submissions from Staff on September 7 and 13, 2012, on the issue of Staff’s disclosure obligations with respect to Medra, including submissions on the law, policy, jurisprudence and its position on this issue, no oneappearing on behalf of Medra despite proper notice having been given;

AND WHEREAS on September 20, 2012, the Panel reconvened the Merits Hearing for the purposes of giving the Panel’s ruling on the disclosure issue, at which Staff appeared but no one appeared on behalf of Medra;

AND WHEREAS on September 20, 2012, the Panel ruled that Staff had not met its disclosure obligations to Medra, such obligations requiring Staff to provide copies of the disclosure material to Medra in accordance with its written request for copies of the material;

AND WHEREAS the Panel issued an Order dated September 20, 2012, that stated:

(i) Subject to the receipt from Medra of a written undertaking to comply with the terms of this Order as described in subparagraph (iii)(e) below, Staff shall provide copies of all relevant materials in their possession (“the Material”) to Medra, subject to redaction of personal information relating to third parties;

(ii) If Medra believes that any of the redacted information is necessary for the purpose of making full answer and defence to the allegations made against it in these proceedings, Medra may bring a motion pursuant to Rule 3 of the Commission Rules of Procedure for a determination as to whether the redacted information is relevant to said allegations;

(iii) The Material will be provided to Medra on the following conditions:

(a) Medra and its counsel shall not use the Material for any purposes other than for making full answer and defence to the allegations made against it in these proceedings;

(b) any use of the Material other than for the purpose of making full answer and defence to the allegations made against Medra in these proceedings will constitute a violation of this order;

(c) Medra and its counsel shall maintain custody and control over the Material, so that copies of the Material are not improperly disseminated;


April 25, 2013 (2013) 36 OSCB 4447

(d) the Material shall not be used for a collateral or ulterior purpose, including for purposes of other proceedings; and

(e) Medra shall sign an undertaking accepting the conditions set out at subparagraphs (a) to (d) above prior to any Material being provided to Medra by Staff, which undertaking shall be signed and returned to Staff within 5 business days of receipt of this Order.

AND WHEREAS on September 28, 2012, the Panel ordered that the Merits Hearing be reconvened on October 9, 2012, for the purpose of Staff providing the Panel with a status update;

AND WHEREAS on October 9, 2012, Staff appeared before the Panel with no one appearing for Medra, at which time Staff submitted an affidavit of Allister Field sworn October 9, 2012, as evidence that the Panel’s Order of September 20, 2012,had been sent to Medra on September 28, 2012, and Medra had not returned a signed undertaking in accordance with the Order;

AND WHEREAS the Panel is satisfied that Staff has met its disclosure obligations to Medra and the Merits Hearing may proceed;

AND WHEREAS on October 9, 2012, Staff requested that the Panel convert the Merits Hearing to a written hearing pursuant to Rule 11 of the Commission’s Rules of Procedure (2010), 33 O.S.C.B. 8017 (the “Rules”) and proposed a schedule for the filing of materials in support of their request;

AND WHEREAS on October 17, 2012, Staff advised the Commission that it would like to amend the schedule for the filing of materials in support of their request;

AND WHEREAS on October 19, 2012, Staff appeared before the Commission by teleconference in accordance with Rule 10.2 of the Rules and no one appeared on behalf of Medra;

AND WHEREAS the Panel issued an order dated October 19, 2012, which stated:

(i) Staff shall serve and file written submissions in support of their request to convert the Merits Hearing to a written hearing no later than October 23, 2012, such submissions to include copies of any affidavits Staff intend to rely on in the proposed written hearing;

(ii) If Medra objects to converting the Merits Hearing to a written hearing, it shall file with the Office of the Secretary, and serve upon Staff, written submissions setting out the reasons for their objection no later than November 7, 2012;

(iii) The Merits Hearing shall be reconvened on November 8, 2012, at 3:00 p.m. at the offices of the Commission at 20 Queen Street West, 17th Floor, Toronto, Ontario, for the purpose of the Panel giving its ruling on the request to convert to a written hearing and, if the request is granted, to set a schedule for the receipt of submissions in the written hearing

AND WHEREAS on October 23, 2012, Staff filed written submissions in support of their request to convert the Merits Hearing to a written hearing, including copies of the affidavits Staff intend to rely on in the proposed written hearing, whichwritten submissions and affidavits were served on Medra on October 19 and 22, 2012 as set out in the Affidavit of Service of Michelle Spain sworn on October 23, 2012 and filed with the Commission;

AND WHEREAS Staff sought, in their written submissions, that the Merits Hearing be continued as a written hearing upon the earlier of the date when Ciccone has completed his testimony in this matter or the date when Staff files an affidavit of Ciccone;

AND WHEREAS on November 8, 2012, Staff appeared before the Panel with no one appearing for Medra, at which time Staff requested that a date be set for the continuation of the Merits Hearing for the purpose of hearing oral evidence fromCiccone;

AND WHEREAS the Panel issued an order dated November 8, 2012, which stated:

1) the Merits Hearing is adjourned to November 29, 2012, commencing at 9:30 a.m., for the purpose of hearing oral evidence from Ciccone, after which the Panel will provide its ruling on the request to convert the remainder of the Merits Hearing to a written hearing; and

2) the Merits Hearing shall, if necessary, continue on November 30, 2012, commencing at 9:30 a.m.


April 25, 2013 (2013) 36 OSCB 4448

AND WHEREAS on November 29, 2012, Staff appeared before the Panel with no one appearing for Medra, at which time the Panel heard oral testimony from Ciccone, and Staff advised that they may wish to make a minor amendment to the Affidavit of Allister Field which was previously served on Medra and filed with the Commission;

AND WHEREAS the Panel adjourned the Merits Hearing and reserved its decision on Staff’s request to convert the Merits Hearing to a written hearing in accordance with Rule 11;

AND WHEREAS the Panel issued an order dated December 3, 2012, which stated that:

1. in accordance with Rule 11, the Merits Hearing is converted to a written hearing for the purposes of taking evidence-in-chief by means of affidavit evidence from the remaining Staff witnesses, namely Allister Field, Michael Ho and Amy Tse (“Staff’s Affiants”);

2. If Staff wishes to amend any of the affidavits previously served and filed, Staff must serve and file such amendments no later than December 10, 2012;

3. Staff is directed to serve and file, no later than December 10, 2012, written submissions setting out Staff’s position with respect to the findings of fact the Panel is asked to make in respect of the evidence from Staff’s Affiants;

4. the Merits Hearing will be reconvened on December 19, 2012, at 3:30 p.m. at ASAP Reporting Services Inc., Bay Adelaide Centre, 333 Bay Street, Suite 900, Toronto, ON, for the purpose of cross-examination of Staff’s Affiants and/or to allow Staff’s Affiants to answer any questions from the Panel;

5. a schedule for the filing of evidence by Medra and the filing of final written submissions by both parties will be established when the hearing reconvenes on December 19, 2012; and

6. the Panel may recall Staff’s Affiants for further questions on the affidavits if, in the opinion of the Panel, further clarification of the evidence is necessary.

AND WHEREAS on December 10, 2012, Staff filed the affidavit of Allister Field sworn December 10, 2012 and Staff’s submissions setting out Staff’s position with respect to the findings of fact the Panel is asked to make in respect of the evidence from Staff’s Affiants, which submissions and affidavit were served on Medra on December 10, 2012 as set out in the Affidavit ofMichelle Spain sworn on December 19, 2012 and filed with the Commission;

AND WHEREAS on December 19, 2012, Staff appeared before the Panel and no one appeared for Medra;

AND WHEREAS Staff made submissions on the affidavits of Staff’s Affiants and the scheduling of the filing of evidence by Medra and the filing of final written submissions by both parties;

AND WHEREAS on December 19, 2012, the Commission ordered that:

1. Medra shall serve and file, no later than January 18, 2013, any evidence Medra seeks to file in this matter;

2. Staff shall serve and file, no later than January 25, 2013, any evidence Staff seeks to file in reply;

3. Staff shall serve and file, no later than February 15, 2013, Staff’s written closing submissions;

4. Medra shall serve and file, no later than February 22, 2013, Medra’s written closing submissions;

5. Staff shall serve and file, no later than February 28, 2013, Staff’s reply submissions, if any;

6. the Merits Hearing will be reconvened on April 2, 2013 for the purpose of hearing oral closing submissions of Staff and Medra; and

7. the Panel may recall Staff’s Affiants for further questions on the affidavits if, in the opinion of the Panel, further clarification of the evidence is necessary.

AND WHEREAS on January 4, 2013, the Commission ordered, further to the order dated December 19, 2012, that the Merits Hearing be reconvened on April 2, 2013 at 10:00 a.m. for the purpose of hearing oral closing submissions from Staff and Medra;


April 25, 2013 (2013) 36 OSCB 4449

AND WHEREAS on April 2, 2013, Staff appeared before the Panel and made closing submissions and no one appeared for Medra;

AND WHEREAS on April 2, 2013, the Commission ordered that Staff shall serve and file supplementary written submissions in respect of the conduct referred to at paragraph 37 of the Amended Statement of Allegations by April 15, 2013 at 5:00 p.m.;

AND WHEREAS on April 15, 2013, Staff filed and served supplementary written submissions in respect of the conduct referred to at paragraph 37 of the Amended Statement of Allegations;

IT IS ORDERED THAT Medra shall serve and file written submissions in response to Staff’s supplementary submissions, if any, by April 29, 2013 at 5:00 p.m.

DATED at Toronto on this 17th day of April, 2013.

“Vern Krishna”


April 25, 2013 (2013) 36 OSCB 4450

2.2.5 Heritage Education Funds Inc.



AND

IN THE MATTER OF HERITAGE EDUCATION FUNDS INC.

ORDER

WHEREAS on August 13, 2012, the Ontario Securities Commission (the “Commission”) ordered pur-suant to subsections 127(1) and (5) of the Securities Act,R.S.O. 1990, c. S.5 as amended (the “Act”), with the consent of Heritage Education Funds Inc. (“HEFI”), that the terms and conditions set out in Schedule “A” to the Commission order (the “Terms and Conditions”) be imposed on HEFI (the “Temporary Order”);

AND WHEREAS on August 21, 2012, the Commission extended the Temporary Order until November 23, 2012;

AND WHEREAS the Terms and Conditions required HEFI to retain a consultant (the “Consultant”) to prepare and assist HEFI in implementing plans to strengthen their compliance systems, and to retain a monitor (the “Monitor”) to review applications of New Clients and contact New Clients as defined and set out in the Terms and Conditions;

AND WHEREAS HEFI retained Deloitte & Touche LLP (“Deloitte”) as its Monitor and its Consultant;

AND WHEREAS by Order dated October 10, 2012, the Commission clarified certain matters with respect to the Temporary Order;

AND WHEREAS by Order dated November 22, 2012, the Commission ordered that the Temporary Order be extended to December 21, 2012 and that the hearing be adjourned to December 20, 2012;

AND WHEREAS by Order dated December 20, 2012, the Commission amended certain of the Terms and Conditions and extended the Temporary Order to March 22, 2013;

AND WHEREAS on March 22, 2013, the Commission ordered that the Temporary Order be extended to April 19, 2013;

AND WHEREAS on April 8, 2013, HEFI filed a motion with the Commission to vary the terms of the Temporary Order by, among other matters, suspending the on-going monitoring by the Monitor of HEFI’s compliance with the Terms and Conditions (the “Motion”);

AND WHEREAS Staff opposed the Motion;

AND WHEREAS the parties filed affidavits and other materials in connection with the hearing of the Motion and the Commission heard oral submissions on April 18, 2013;

AND WHEREAS the Commission has considered the submissions of the parties and has concluded that, given the current status of the monitoring by the Monitor under the Temporary Order and the on-going efforts to settle the compliance plan required under the terms of the Temporary Order, it is not desirable at this time to amend the Terms and Conditions;

AND WHEREAS the Commission considers that it is in the public interest to make this Order;

IT IS HEREBY ORDERED pursuant to section 127 of the Act that:

1. The Motion is dismissed;

2. The Temporary Order is extended to May 31, 2013, or until such further order of the Commission;

3. The hearing is adjourned to May 27, 2013 at 11:00 a.m. for the purpose of providing the Commission with an update on the work completed by the Monitor and the Consultant; and

4. The Monitor, Staff and HEFI may seek further direction from the Commission with respect to the interpretation and application of the Temporary Order if such direction becomes necessary or desirable.


“James E. A. Turner”


April 25, 2013 (2013) 36 OSCB 4451

2.2.6 FactorCorp Inc. et al.



AND

IN THE MATTER OF FACTORCORP INC.,

FACTORCORP FINANCIAL INC., AND MARK TWERDUN

ORDER

WHEREAS on May 12, 2009, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing (the “Notice of Hearing”) pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) in relation to a Statement of Allegations of the same date filed by Staff of the Commission (“Staff”), as amended by an Amended Statement of Allegations filed by Staff on October 13, 2011, in respect of FactorCorp Inc. (“FCI”), FactorCorp Financial Inc. (“FFI”) and Mark Twerdun (“Twerdun”) (collectively, the “Respondents”);

AND WHEREAS a hearing on the merits in this matter was held before the Commission on October 3, 5, 6, 7, 12, 13, 14 and 17, 2011 and November 24, 2011 (the “Merits Hearing”);

AND WHEREAS following the Merits Hearing, the Commission issued its Reasons and Decision with respect to the merits on February 22, 2013 (the “Merits Decision”);

AND WHEREAS the Commission determined that the Respondents had not complied with Ontario securities law and had acted contrary to the public interest, as described in the Merits Decision;

AND WHEREAS on April 18, 2013, the Commission held a hearing with respect to the sanctions and costs to be imposed in this matter (the “Sanctions and Costs Hearing”);

AND WHEREAS Staff and Twerdun appeared and made submissions on sanctions and costs, and no one appeared on behalf of FCI and FFI although J. Bradley Butcher (“Butcher”), a Vice President of KPMG Inc. which was appointed as the Trustee of the consolidated estate of FCI and FFI, was served with notice of the hearing;

AND WHEREAS Staff sought to introduce the Affidavit of Butcher sworn April 8, 2013 as evidence on sanctions;

AND HAVING heard the submissions of Staff and Twerdun, the Panel invited the parties to make written submissions to the Panel on the following questions (collectively, the “Questions”):

1. Is the Affidavit of Butcher sworn April 8, 2013, including the Exhibits to the Affidavit, admissible evidence in the Sanctions and Costs Hearing, and if so, what weight should be given to such evidence?

2. Does the clause in the Notice of Hearing stating that the Commission may make “such other order as the Commission may consider appropriate” allow the Commission to impose market prohibition orders that were not requested in the Notice of Hearing?

3. On what basis has Staff requested an order for the disgorgement of the amounts set out in subparagraph 9(i) and paragraph 34 of Staff’s Written Submissions on Sanctions and Costs, considering that paragraph 10 of subsection 127(1) of the Act authorizes an order for disgorgement of “any amounts obtained” as a result of the non-compliance by the Respondents with Ontario securities law and considering the findings in the Merits Decision?

IT IS ORDERED THAT:

1. Staff shall serve and file written submissions with respect to the Questions by May 10, 2013 at 5:00 p.m.;

2. The Respondents shall serve and file written submissions with respect to the Questions by May 17, 2013 at 5:00 p.m.; and

3. The Sanctions and Costs Hearing is adjourned to May 22, 2013 at 10:00 a.m.


“Christopher Porter”


April 25, 2013 (2013) 36 OSCB 4452

2.2.7 Heritage Management Group and Anna Hrynisak



AND

IN THE MATTER OF HERITAGE MANAGEMENT GROUP and

ANNA HRYNISAK

ORDER

WHEREAS on March 27, 2013, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing (the “Notice of Hearing”) pursuant to sections 37, 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) accompanied by a Statement of Allegations of Staff of the Commission dated March 27, 2013 (the “Statement of Allegations”) with respect to Heritage Management Group and Anna Hrynisak (“Hrynisak”) (collectively, the “Respondents”);

AND WHEREAS the Notice of Hearing announced that a hearing would be held at the offices of the Commission on April 17, 2013;

AND WHEREAS on April 17, 2013, Staff attended the hearing and no one appeared on behalf of the Respondents;

AND WHEREAS Staff filed the affidavit of Nancy Poyhonen sworn April 15, 2013, demonstrating service of the Notice of Hearing and the Statement of Allegations on the Respondents;

AND WHEREAS Staff counsel advised the Commission that Staff and counsel for Hrynisak had engaged in discussions prior to the hearing and were jointly requesting that the hearing be adjourned to a date in May 2013 for the purpose of conducting a confidential pre-hearing conference;


IT IS HEREBY ORDERED that the hearing is adjourned to a confidential pre-hearing conference to be held on May 22, 2013 at 9:00 a.m.


“Alan Lenczner”

2.2.8 Global Consulting and Financial Services et al.



AND

IN THE MATTER OF GLOBAL CONSULTING AND FINANCIAL SERVICES,

GLOBAL CAPITAL GROUP, CROWN CAPITAL MANAGEMENT CORP., MICHAEL CHOMICA, JAN CHOMICA and

LORNE BANKS

ORDER

WHEREAS on March 27, 2013, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing (the “Notice of Hearing”) pursuant to sections 37, 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) accompanied by a Statement of Allegations of Staff of the Commission dated March 27, 2013 (the “Statement of Allegations”) with respect to Global Consulting and Financial Services (“Global Consulting”), Global Capital Group (“Global Capital”), Crown Capital Management Corp. (“Crown Capital”), Michael Chomica, Jan Chomica and Lorne Banks (“Banks”) (collectively, the “Respondents”);

AND WHEREAS the Notice of Hearing announced that a hearing would be held at the offices of the Commission on April 17, 2013;

AND WHEREAS on April 17, 2013, Staff attended the hearing, counsel for Banks appeared through a Student-at-law from his office, and no one appeared on behalf of the remaining Respondents;

AND WHEREAS Staff filed the affidavit of Nancy Poyhonen sworn April 15, 2013, demonstrating service of the Notice of Hearing and the Statement of Allegations on the Respondents;

AND WHEREAS Staff counsel requested that the matter be adjourned to a date in May 2013 for the purpose of setting further dates in this matter;


IT IS HEREBY ORDERED that the hearing is adjourned to May 22, 2013 at 9:45 a.m.


“Alan Lenczner”


April 25, 2013 (2013) 36 OSCB 4453

2.2.9 Portfolio Capital Inc. et al. – ss. 127, 127.1



AND

IN THE MATTER OF PORTFOLIO CAPITAL INC., DAVID ROGERSON

and AMY HANNA-ROGERSON

ORDER(Sections 127 and 127.1 of the Securities Act)

WHEREAS on March 25, 2013, the Ontario Securities Commission (“the Commission”) issued a Notice of Hearing pursuant to sections 127 and 127.1 of theSecurities Act, R.S.O. 1990 c. S.5, as amended (the “Act”) in connection with a Statement of Allegations filed by Staff of the Commission (“Staff”) on March 25, 2013 with respect to Portfolio Capital Inc. (“Portfolio Capital”), David Rogerson (“Rogerson”) and Amy Hanna-Rogerson (“Hanna-Rogerson”);

AND WHEREAS the Notice of Hearing set a hearing in this matter for April 17, 2013;

AND WHEREAS on April 17, 2013, Staff and counsel for Rogerson appeared before the Commission;

AND WHEREAS no one appeared at the hearing on behalf of Hanna-Rogerson or Portfolio Capital;

AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;

IT IS ORDERED that a pre-hearing conference will be held on May 27, 2013, at 9:00 a.m.


“Alan Lenczner”

2.2.10 Government Strip Bond Trust – s. 1(10)(a)(ii)

Headnote

National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – Issuer deemed to no longer be a reporting issuer under securities legislation.


Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii).

April 3, 2013

Jackie Allen Osler, Hoskin & Harcourt LLP Box 50, 1 First Canadian Place Toronto, Ontario M5X 1B8

Dear Ms. Allen:

Re: Government Strip Bond Trust (the "Applicant") – Application for an order not to be a reporting issuer under the securities legislation of Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland & Labrador (the "Jurisdictions") dated February 21, 2013

The Applicant has applied to the local securities regulatory authority or regulator (the "Decision Maker") in each of the Jurisdictions for a decision under the securities legislation (the “Legislation") of the Jurisdictions that the Applicant is not a reporting issuer.

In this decision, “securityholder” means, for a security, the beneficial owner of the security.

The Applicant has represented to the Decision Makers that:

• the outstanding securities of the Applicant, including debt securities, are beneficially owned, directly or indirectly, by less than 15 security-holders in each of the Jurisdictions of Canada and less than 51 securityholders in total worldwide;

• no securities of the Applicant, including debt securities, are traded in Canada or another country on a marketplace as defined in National Instrument 21-101 Marketplace Operation or any other facility for bringing together buyers and sellers of securities where trading data is publicly reported;

• the Applicant is applying for a decision that it is not a reporting issuer in all of the Jurisdictions of Canada in which it is currently a reporting issuer; and

• the Applicant is not in default of any of its obligations under the Legislation as a reporting issuer.


April 25, 2013 (2013) 36 OSCB 4454

Each of the Decision Makers is satisfied that the test contained in the Legislation that provides the Decision Maker with the jurisdiction to make the decision has been met and orders that the Applicant is not a reporting issuer.

“Darren McKall” Manager, Investment Funds Ontario Securities Commission

April 25, 2013 (2013) 36 OSCB 4455

Chapter 3

Reasons: Decisions, Orders and Rulings

3.1 OSC Decisions, Orders and Rulings

3.1.1 Richard Bruce Moore



AND


SETTLEMENT AGREEMENT BETWEEN STAFF OF THE ONTARIO SECURITIES COMMISSION

AND RICHARD BRUCE MOORE

PART I – INTRODUCTION

1. The Ontario Securities Commission (the “Commission”) will issue a Notice of Hearing to announce that it will hold a hearing to consider whether, pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”), it is in the public interest for the Commission to make certain orders in respect of (Richard) Bruce Moore (“Moore” or the“Respondent”).

PART II – JOINT SETTLEMENT RECOMMENDATION

2. Staff of the Commission (“Staff”) agree to recommend settlement of the proceeding commenced by Notice of Hearing dated April 11, 2013 (the “Proceeding”) against the Respondent according to the terms and conditions set out in Part V of this Settlement Agreement. The Respondent agrees to the making of an order in the form attached as Schedule “A”, based on the facts set out below.

3. For this proceeding, and any other regulatory proceeding commenced by a securities regulatory authority, the Respondent agrees with the facts as set out in Part III and the conclusions in Part IV of this Settlement Agreement (the “Settlement Agreement”).

PART III – AGREED FACTS

A. OVERVIEW

4. The Proceeding relates to Staff’s allegations concerning trading by Moore in the securities of two issuers:

(a) trading in 2010 in the securities of Tomkins plc (“Tomkins”), an issuer with securities trading on the London Stock Exchange (“LSE”). Tomkins was not a reporting issuer in Ontario (the “Tomkins Conduct”); and

(b) t rading in 2012 in the securities of HOMEQ Corporation (“HOMEQ”) (the “HOMEQ Conduct”)

II. THE RESPONDENT

5. Moore is a resident of Toronto, Ontario. Moore was employed by CIBC World Markets (“CIBC”) for approximately 20 years in commercial banking, corporate banking, and investment banking. For approximately 9 years, he worked from CIBC’s office in London, England, returning to Canada in August, 2008.

6. In 2010, Moore was a Managing Director, Investment Banking (Diversified) at CIBC in Toronto, Ontario. In this role, Moore was responsible for covering clients in a broad range of business sectors, including Canada Pension Plan Investment Board (“CPPIB”).


April 25, 2013 (2013) 36 OSCB 4456

7. In 2012, Moore was an employee of UBS Securities Canada Inc. (“UBS”) in Toronto, Ontario. His title was Managing Director, Investment Banking, Diversified Industrials. In this role, Moore was responsible for covering clients in a broad range of business sectors, including Birch Hill Equity Partners (“Birch Hill”).

III. MOORE’S CONDUCT

A. The Tomkins Conduct

8. In June and July 2010, Moore placed orders to purchase securities of Tomkins in two brokerage accounts located on the Channel Island of Jersey (the “offshore accounts”). The offshore accounts were opened in 2008 and were linked to two international pension plans that Moore established in 2002 to hold earnings from Moore’s work for CIBC in the United Kingdom. Moore transferred the international pension plans to a new trustee in Jersey in 2008 in anticipation of his return to Canada. The Tomkins purchases were the first transactions in the offshore accounts. Moore did not disclose the offshore accounts to CIBC inToronto as required by its compliance policies.

9. In total, Moore purchased 212,000 shares of Tomkins on the LSE (at a cost of £508,249.90). He also bought 51,350 ADR securities on the New York Stock Exchange (“NYSE”) (at a cost of US$747,860.81). The purchases were the single-largest equity purchases of Moore’s life by value.

10. In June 2010 Moore decided to purchase securities of Tomkins because he deduced that it would likely be acquired by CPPIB.

11. Moore reached this conclusion as a result of his previous knowledge of Tomkins obtained from public sources including rumours that it would be the subject of a takeover, his observations of a friend and senior representative of CPPIB (“Mr. A.”) and comments of a general nature made by Mr. A. about work that he was involved in for CPPIB. These interactions with Mr. A. occurred over the course of several months, including on social occasions.

12. Among other information, Moore learned from Mr. A. that he was working on a transaction for CPPIB that required US $2 billion in financing involving a company in Europe and the U.S. The final piece of information that ultimately led Moore to deduce that the identity of CPPIB’s target was Tomkins was Moore’s observation of Mr. A’s chance interaction with the CEO of Tomkins (the “CEO”) at a charity event. Mr. A. declined to introduce Moore to the CEO, or to reveal his identity. Later that dayanother person volunteered the CEO’s identity to Moore.

13. The following business day, Moore took steps to initiate the purchase of a portion of the Tomkins securities described above.

14. In no specific instance did Mr. A ever provide Moore with any material, generally undisclosed information.

15. On July 19, 2010, the day of the announcement by Tomkins of the approach by CPPIB and Onex Corporation, the closing price of Tomkins shares increased 31.6% from the previous day’s close.

16. Moore’s profit from the LSE trades based on the 20-day average price of the Tomkins shares following July 19, 2010 was CDN $275,611.54.

17. The United States Securities and Exchange Commission (the “SEC”) is commencing a parallel proceeding against Moore in the United States District Court, which addresses conduct in its jurisdiction. It is expected that Moore will settle theSEC civil enforcement action concurrently with the Proceeding.

B. The HOMEQ Conduct

a) Moore Received Material Information Inadvertently

18. On March 22, 2012, Moore received an email from a partner at Birch Hill (Mr. “B”), which had an attachment entitled Birch Hill Equity Partners, Project Monaco, Summit (Investment Recommendation), March 26, 2012, A confidential presentation) – (the “Recommendation”).

19. The Recommendation disclosed a material fact concerning Birch Hill’s proposal to acquire HOMEQ. In particular, the Recommendation stated that the “[HOMEQ] Board has concluded the auction process with Birch Hill emerging as the winning bidder at $9.50/share price” (the “Material Fact”).

20. The email containing the Material Fact was sent to Moore in error through inadvertence by Mr. B in addressing the email with the Auto-Complete addressing function of Birch Hill’s email software. Even though Birch Hill was a client of UBS, Moore was not supposed to receive the email and the confidential information attached to it. Although Moore was frequently


April 25, 2013 (2013) 36 OSCB 4457

interacting with Mr. B in relation to another matter in or about March 2012, Moore had no involvement in the HOMEQ transaction. Instead of returning the email and advising Mr. B that he had received the email in error, Moore took steps to purchase securities of HOMEQ.

b) Moore’s Purchases of HOMEQ Securities

21. Moore took immediate steps to purchase shares of HOMEQ. Between March 23 and March 27, Moore purchased HOMEQ securities in a brokerage account that was located on the Channel Island of Jersey as follows:

Date Volume Purchased Total Cost (CDN)

Mar 23/12 11,200 $89,033.59

Mar 26/12 7,400 $59,108.60

Mar 27/12 12,000 $96,381.87

Total 30,600 $244,524.06

22. When purchased by Birch Hill, Moore’s shares in HOMEQ would have generated proceeds of approximately $290,700, representing a gross profit of approximately $46,175. The profit of the HOMEQ trades based on the 20-day average price of the HOMEQ shares following the public announcement made by HOMEQ and Birch Hill on March 30, 2012 was $43,268.94.

c) Moore in a Special Relationship with HOMEQ

23. Moore was in a special relationship with HOMEQ pursuant to section 76(5)(a)(iii) of the Act. Moore learned of the Material Facts from Mr. B, who was in a special relationship with HOMEQ, in circumstances where Moore knew or ought reasonably to have known that Mr. B was a person in such a relationship.

24. As of March 22, 2012, Birch Hill had taken the following steps:

(i) restricted trading internally on HOMEQ securities as of August 5, 2010;

(ii) completed a substantial amount of due diligence;

(iii) retained lawyers to assist them with the bid in August 2010 and had ongoing discussions concerning the acquisition with the lawyers from January 2012;

(iv) retained financial advisors to assist them with the bid on November 24, 2011 and had ongoing discussions concerning the acquisition with the financial advisors from then;

(v) signed a confidentiality agreement with HOMEQ as of Jan. 31, 2012; and

(vi) negotiated a price of $9.50 with HOMEQ’s board on or about March 15, 2012, which was the winning bid in HOMEQ’s auction process.

25. Consequently, as of March 22, 2012, Birch Hill’s interest in acquiring HOMEQ had evolved into a proposal to do so.

d) Moore Had Knowledge of the Material Fact with Respect to HOMEQ that Had Not Been Generally Disclosed

26. At the time of the HOMEQ purchases, Moore had knowledge of the Material Fact with respect to HOMEQ that had not been generally disclosed.

C. Credit for Cooperation and Mitigating Circumstances

27. Moore voluntarily brought the HOMEQ Conduct to the attention of Staff during the investigation of the Tomkins Conduct. Consequently, pursuant to Staff Notice 15-702, Moore is entitled to credit for his cooperation with Staff.

28. Moore appreciates that his conduct in relation to both Tomkins and HOMEQ was inappropriate and has expressed remorse for his actions.

29. Moore voluntarily resigned his position at UBS immediately prior to bringing the HOMEQ Conduct to the attention of staff.


April 25, 2013 (2013) 36 OSCB 4458

PART IV – CONDUCT CONTRARY TO ONTARIO SECURITIES LAW AND THE PUBLIC INTEREST

A. The Tomkins Conduct

30. Moore’s conduct involving the purchase of securities of Tomkins as outlined above fell below the standard of behaviour expected from someone in Moore’s position and given his extensive experience in the capital markets industry. In particular, heought not to have made use of information obtained in part by virtue of his position as an employee of a registrant prior to itsgeneral disclosure to the public.

31. Consequently Moore’s conduct was contrary to the public interest.

B. The HOMEQ Conduct

32. Moore’s HOMEQ Conduct was contrary to s. 76(1) of the Act and contrary to the public interest. It was abusive of the capital markets and to confidence in the capital markets.

33. In particular, Moore misused confidential information belonging to Birch Hill for his personal profit. This conduct fell markedly below the high standard of behaviour expected from someone in Moore’s position and given his extensive experience in capital markets industry.

PART V – TERMS OF SETTLEMENT

34. Moore agrees to the term of settlement listed below.

35. The Commission will make an order, pursuant to sections 127 and 127.1 of the Act, that:

(a) the settlement agreement is approved;

(b) trading in any securities by Moore including as the term “security” is defined in subsections 1(1) and 76(6) of the Act, whether direct or indirect, shall cease for a period of 10 years from the date of the order approving the settlement agreement except as follows:



(c) the acquisition of any securities by Moore, including as the term “security” is defined in subsections 1(1) and 76(6) of the Act, whether direct or indirect, is prohibited for a period of 10 years from the date of the order approving the settlement agreement, except as follows:

(i) the acquisition of any securities by Moore shall be permitted only in mutual fund, exchange-traded fund or index fund securities for the account of any registered retirement savings plans, tax free savings accounts and self-directed retirement savings plans (as defined in the Income Tax Act (Canada)) in which Moore and/or his spouse have sole legal and beneficial ownership, and such trading is carried out through a registered dealer in Canada to whom he must give a copy of this Order at the time he opens or modifies these accounts;



April 25, 2013 (2013) 36 OSCB 4459


(d) any exemptions contained in Ontario securities law do not apply to Moore for a period of 10 years from the date of the order approving the settlement agreement except for the purpose of trades described in subparagraphs (b)(i) and (ii), and (c)(i), (ii), and (iii), above;

(e) Moore is reprimanded;

(f) Moore shall immediately resign any position he holds as a director or officer of any reporting issuer or registrant;

(g) Moore is prohibited for a period of 10 years from the date of the order approving the settlement agreement from becoming or acting as a director or officer of any reporting issuer;

(h) Moore is prohibited for a period of 15 years from the date of the order approving the settlement agreement from becoming or acting as a registrant, an investment fund manager, a promoter (in respect of a reporting issuer), or as a director or officer of any registrant or investment fund manager;

(i) Moore shall disgorge to the Commission $43,268.94, being the profits obtained by him through the HOMEQ Conduct as a result of his non-compliance with Ontario securities law. The disgorged amount shall be designated for allocation or for use by the Commission in accordance with subsections 3.4(2)(b)(i) or (ii) of the Act;

(j) Moore shall pay an administrative penalty of $86,000 for his failure to comply with Ontario securities law in respect of the HOMEQ Conduct, which represents approximately two (2) times the profit made by the Respondent through the HOMEQ Conduct. The administrative penalty shall be designated for allocation or for use by the Commission in accordance with subsections 3.4(2)(b)(i) or (ii) of the Act; and

(k) Moore shall pay investigation costs with respect to the Tomkins Conduct to the Commission in the amount of $75,000.

36. Moore undertakes to make a voluntary payment to the Commission in the amount of $300,000 with respect to the Tomkins Conduct, which will be designated for allocation or for use by the Commission in accordance with subsections 3.4(2)(b)(i) or (ii).

37. Moore undertakes to consent to a regulatory Order made by any provincial or territorial securities regulatory authority inCanada containing any or all of the prohibitions set out in the Settlement Agreement. These prohibitions may be modified to reflect the provisions of the relevant provincial or territorial securities law.

38. Moore agrees to attend in person at the hearing before the Commission to consider the proposed settlement.

PART VI – STAFF COMMITMENT

39. If the Commission approves this Settlement Agreement, Staff will not commence any proceeding under Ontario securities law in relation to the facts set out in Part III of this Settlement Agreement, subject to the provisions of paragraph 40 below.

40. If the Commission approves this Settlement Agreement and the Respondent fails to comply with any of the terms of the Settlement Agreement, Staff may bring proceedings under Ontario securities law against the Respondent. These proceedings may be based on, but are not limited to, the facts set out in Part III of this Settlement Agreement as well as the breach of theSettlement Agreement.

PART VII – PROCEDURE FOR APPROVAL OF SETTLEMENT

41. The parties will seek approval of this Settlement Agreement at a public hearing before the Commission scheduled on a date to be determined by the Secretary to the Commission, or such other date as may be agreed to by Staff and the Respondent, according to the procedures set out in this Settlement Agreement and the Commission’s Rules of Procedure.


April 25, 2013 (2013) 36 OSCB 4460

42. Staff and the Respondent agree that this Settlement Agreement will form all of the agreed facts that will be submitted at the settlement hearing on the Respondent’s conduct, unless the parties agree that additional facts should be submitted at the settlement hearing.

43. If the Commission approves this Settlement Agreement, the Respondent agrees to waive all rights to a full hearing, judicial review or appeal of this matter under the Act.

44. If the Commission approves this Settlement Agreement, neither party will make any public statement that is inconsistent with this Settlement Agreement or with any additional agreed facts submitted at the settlement hearing.

45. Whether or not the Commission approves this Settlement Agreement, the Respondent will not use, in any proceeding, this Settlement Agreement or the negotiation or process of approval of this agreement as the basis for any attack on the Commission’s jurisdiction, alleged bias, alleged unfairness, or any other remedies or challenges that may otherwise be available.

PART VIII – DISCLOSURE OF SETTLEMENT AGREEMENT

46. If the Commission does not approve this Settlement Agreement or does not make the order attached as Schedule “A” to this Settlement Agreement:

(a) this Settlement Agreement and all discussions and negotiations between Staff and the Respondent before the settlement hearing takes place will be without prejudice to Staff and the Respondent; and

(b) Staff and the Respondent will each be entitled to all available proceedings, remedies and challenges, including proceeding to a hearing of the allegations contained in the Statement of Allegations. Any proceedings, remedies and challenges will not be affected by this Settlement Agreement, or by any discussions or negotiations relating to this agreement.

47. Both parties will keep the terms of the Settlement Agreement confidential until the Commission approves the Settlement Agreement. At that time, the parties will no longer have to maintain confidentiality. If the Commission does not approve the Settlement Agreement, both parties must continue to keep the terms of the Settlement Agreement confidential, unless they agree in writing not to do so or if required by law.

PART IX – EXECUTION OF SETTLEMENT AGREEMENT

48. The parties may sign separate copies of this agreement. Together, these signed copies will form a binding agreement.

49. A fax copy of any signature will be treated as an original signature.

DATED AT TORONTO this 8th day of April 2013

“Richard Bruce Moore” “Linda Fuerst” Richard Bruce Moore witness (signature and printed name)

“Tom Atkinson” Tom Atkinson Director, Enforcement Branch


April 25, 2013 (2013) 36 OSCB 4461

Schedule “A”



AND


ORDER(Pursuant to sections 127 and 127.1 of the Securities Act and

Rule 12 of the Commission’s Rules of Procedure)

WHEREAS on April 11, 2013 the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing (the “Notice of Hearing”) pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”), and Staff of the Commission (“Staff”) filed a statement of allegations (the “Statement of Allegations”) in respect of Richard BruceMoore (“Moore”);

AND WHEREAS Moore has entered into a settlement agreement with Staff dated April 8, 2013 (the “Settlement Agreement”) in relation to the matters set out in the Notice of Hearing and the Statement of Allegations;

AND WHEREAS in the Notice of Hearing the Commission announced that it proposed to hold a hearing to consider whether it is in the public interest to approve the Settlement Agreement between Staff and Moore;

AND WHEREAS the Commission has reviewed the Notice of Hearing, the Statement of Allegations, and the Settlement Agreement, and has heard submissions from counsel for Moore and for Staff;

AND WHEREAS Moore has entered into an undertaking as part of the Settlement Agreement whereby he shall make a voluntary payment to the Commission in the amount of $300,000, which will be designated for allocation or for use by the Commission in accordance with subsections 3.4(2)(b)(i) or (ii) of the Act;

AND WHEREAS Moore has provided to Staff certified cheques in full payment of all monetary amounts provided and described in this Order including the above-described voluntary payment;



(a) the settlement is approved;

(b) pursuant to subsection 127(1)2 of the Act, trading in any securities by Moore including as the term “security” is defined in subsections 1(1) and 76(6) of the Act, whether direct or indirect, shall cease for a period of 10 years from the date of this order except as follows:



(c) pursuant to subsection 127(1)2.1 of the Act, the acquisition of any securities by Moore, including as the term “security” is defined in subsections 1(1) and 76(6) of the Act, whether direct or indirect, is prohibited for a period of 10 years from the date of this order, except as follows:


April 25, 2013 (2013) 36 OSCB 4462

(i) the acquisition of any securities by Moore shall be permitted only in mutual fund, exchange-traded fund or index fund securities for the account of any registered retirement savings plans, tax free savings accounts and self-directed retirement savings plans (as defined in the Income Tax Act(Canada)) in which Moore and/or his spouse have sole legal and beneficial ownership, and such trading is carried out through a registered dealer in Canada to whom he must give a copy of this Order at the time he opens or modifies these accounts;



(d) pursuant to subsection 127(1)3 of the Act, any exemptions contained in Ontario securities law do not apply to Moore for a period of 10 years from the date of this order except for the purpose of trades described in subparagraphs (b)(i) and (ii), and (c)(i), (ii), and (iii) set forth above in this Order;

(e) pursuant to subsection 127(1)6 of the Act, Moore is reprimanded;

(f) pursuant to subsections 127(1)7 and 8.1 of the Act, Moore shall immediately resign any position he holds as a director or officer of any reporting issuer or registrant;

(g) pursuant to subsection 127(1)8 of the Act, Moore is prohibited for a period of 10 years from the date of this order from becoming or acting as a director or officer of any reporting issuer;

(h) pursuant to subsections 127(1)8.2, 8.4, and 8.5 of the Act, Moore is prohibited for a period of 15 years from the date of this order from becoming or acting as a registrant, an investment fund manager, a promoter (in respect of a reporting issuer), or as a director or officer of any registrant or investment fund manager;

(i) pursuant to subsection 127(1)10 of the Act, Moore shall disgorge to the Commission the amount of $43,268.94, which shall be designated for allocation or for use by the Commission in accordance with subsections 3.4(2)(b)(i) or (ii) of the Act;

(j) pursuant to subsection 127(1)9 of the Act, Moore shall pay an administrative penalty in the amount of $86,000, which shall be designated for allocation or for use by the Commission in accordance with subsections 3.4(2)(b)(i) or (ii) of the Act; and

(k) pursuant to subsection 127.1(1) of the Act, Moore shall pay investigation costs to the Commission in the amount of $75,000.

DATED at Toronto this _____ day of April 2013.

April 25, 2013 (2013) 36 OSCB 4463

Chapter 4

Cease Trading Orders

4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders

Company Name Date of Temporary Order

Date of Hearing Date of Permanent Order

Date of Lapse/Revoke

Homeland Energy Group Ltd. 08 Apr 13 19 Apr 13 22 Apr 13

GeoGlobal Resources Inc. 23 Apr 13 06 May 13

Argosy Energy Inc. 10 Apr 13 22 Apr 13 22 Apr 13

4.2.1 Temporary, Permanent & Rescinding Management Cease Trading Orders

Company Name Date of Order or

Temporary Order

Date of Hearing

Date of Permanent

Order

Date of Lapse/ Expire

Date of Issuer

Temporary Order

Northland Resources S.A. 05 Apr 13 17 Apr 13 17 Apr 13

ProSep Inc. 17 Apr 13 29 Apr 13

4.2.2 Outstanding Management & Insider Cease Trading Orders

Company Name Date of Order or Temporary

Order

Date of Hearing

Date of Permanent

Order

Date of Lapse/ Expire

Date of Issuer Temporary

Order

THERE ARE NO ITEMS FOR THIS WEEK.

Cease Trading Orders

April 25, 2013 (2013) 36 OSCB 4464

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April 25, 2013 (2013) 36 OSCB 4465

Chapter 6

Request for Comments

6.1.1 Proposed Amendments to OSC Rule 45-501 Ontario Prospectus and Registration Exemptions and Proposed Amendments to NI 45-106 Prospectus and Registration Exemptions

NOTICE AND REQUEST FOR COMMENT

PROPOSED AMENDMENTS TO ONTARIO SECURITIES COMMISSION RULE 45-501

ONTARIO PROSPECTUS AND REGISTRATION EXEMPTIONS

AND

PROPOSED AMENDMENTS TO NATIONAL INSTRUMENT 45-106 PROSPECTUS AND REGISTRATION EXEMPTIONS

Introduction

The Ontario Securities Commission (OSC) is publishing for a 90-day comment period proposed amendments to:

• OSC Rule 45-501 Ontario Prospectus and Registration Exemptions (OSC Rule 45-501), and

• an Ontario-specific requirement in National Instrument 45-106 Prospectus and Registration Exemptions (NI 45-106).

Objective of the proposed amendments

The purpose of the proposed amendments is to amend specific disclosure requirements that are currently required to be included in an offering memorandum used to distribute securities under a prospectus exemption in the context of foreign privateplacements offered to sophisticated investors in Ontario.

Proposed text

We invite comment on the following proposed amendments (the proposed amendments):

• Appendix A sets out the proposed amendments to OSC Rule 45-501, and

• Appendix B sets out the proposed amendments to NI 45-106.

These amendments are being proposed in Ontario only.

Background

Disclosure required in an offering memorandum

Broadly speaking, the purpose of the proposed amendments is to eliminate the need for a “wrapper” to be prepared when foreign securities are offered to sophisticated Ontario investors under a prospectus exemption.

When a foreign offering document is used to distribute securities in Ontario, it falls under the definition of an “offering memorandum” under the Securities Act (Ontario) (the Act). As a result, certain items of Ontario-specific disclosure must be included in the offering document before it can be provided to prospective purchasers. In order to have the prescribed Ontario disclosure included in the foreign offering document, the foreign document may either be amended to include the Ontario disclosure, or more commonly, a supplemental document known as a “wrapper” is prepared and attached to the face of the foreign offering document. The wrapper together with the foreign offering document thus form one Ontario offering memorandum for the purposes of offering securities in Ontario.


April 25, 2013 (2013) 36 OSCB 4466

Market participants have suggested that, in the context of U.S. and other global offerings of foreign securities, the time and expense associated with retaining counsel and preparing a “wrapper” to meet Ontario disclosure requirements discourages some foreign issuers and underwriters from extending foreign offerings into Ontario.

Other issues

The OSC, along with the other members of the Canadian Securities Administrators, is in the process of considering amendments to National Instrument 33-105 Underwriting Conflicts to provide relief from connected and related issuer disclosure where offerings by foreign issuers provide comparable alternative disclosure to investors.

Substance and purpose of the proposed amendments

The proposed amendments will eliminate or clarify specific Ontario disclosure requirements in the context of offerings of securities that qualify as “designated foreign securities”. Designated foreign securities are defined in the proposed amendmentsas:

• securities offered primarily in a foreign jurisdiction

• securities that are issued by an issuer that is

o incorporated, formed or created under the laws of a foreign jurisdiction

o not a reporting issuer in a jurisdiction, and

o has its head office or principal executive offices outside of Canada, or

• securities that are issued or guaranteed by the government of a foreign jurisdiction.

The proposed amendments further provide that the purchaser of the securities must be a permitted client (as defined in NationalInstrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations).

The proposed amendments will apply to offerings by both non-investment funds and investment funds that meet the above criteria. Non-Canadian issuers that are investment funds are reminded that there are other Canadian regulatory requirements specific to investment funds, such as investment fund manager registration for instance, that may still apply. Permitted clientsthat are investment funds are reminded that other Canadian regulatory requirements, such as fund on fund restrictions, may restrict a Canadian investment fund’s ability to purchase securities of a non-Canadian issuer that is an investment fund.

Summary of the proposed amendments

(a) Amendments to OSC Rule 45-501

Disclosure of statutory rights of action

Currently OSC Rule 45-501 requires that, where an offering memorandum is provided to a prospective purchaser in connection with a distribution to which the rights referred to in section 130.1 of the Act apply, these rights must be described in the offeringmemorandum.

Section 130.1 of the Act provides that where an offering memorandum contains a misrepresentation, a purchaser who purchased a security offered by the offering memorandum during the period of distribution has a right of action for damages or rescission against the issuer or selling securityholder.

Under the proposed amendments, notice of the rights available under section 130.1 of the Act may be provided to prospective purchasers in alternative ways. For example, the proposed amendments will permit this disclosure to be provided in a one-time notice and acknowledgment form that has been delivered to the permitted client by a registered dealer or international dealer and that is signed by the permitted client in return. This notice will explain that, with respect to future distributions of designated foreign securities, the purchaser will have certain statutory rights in the event of a misrepresentation. In the case of a one-timenotice and acknowledgment, a description of such rights will not be provided at the time of each offering of designated foreignsecurities presented to the purchaser.

The proposed amendments do not remove the statutory rights in section 130.1 of the Act available to any purchaser of securities. Rather, the proposed amendments provide relief from the requirement that Ontario-specific disclosure be included ina foreign offering document by permitting alternative methods of disclosing such statutory rights.


April 25, 2013 (2013) 36 OSCB 4467

Prohibition on making a listing representation

We are also proposing an amendment to OSC Rule 45-501 to address a requirement set out in subsection 38(3) of the Act.

Subsection 38(3) of the Act prohibits a person or company, with the intention of effecting a trade in a security or derivative, from making a representation that the security or derivative will be listed on an exchange or quoted on a quotation and trade reportingsystem, or that application has been or will be made to list the security or derivative, unless consent from the Director is firstobtained.

Certain exceptions to this prohibition are provided for in the Act. These include:

• where an application has already been made to list or quote the securities and other securities of the same issuer are already listed on an exchange or quoted on a quotation and trade reporting system, or

• the exchange or quotation and trade reporting system has granted approval to the listing or quoting of the securities or derivatives, conditional or otherwise, or has consented to, or indicated that it does not object to, the representation.

We understand that in the context of foreign securities offerings, many foreign exchanges and related foreign securities laws donot prohibit the making of listing representations, provided the representations are factually correct.

Given the typically short timeframe for international offerings, it may be difficult to obtain the express consent of an OSC Director before a foreign offering document can be used in Ontario. Yet a foreign exchange may not have granted an approval, conditional or otherwise, at the time a foreign offering is extended into Canada. In that case, a foreign issuer would have to obtain the consent or an indication of non-objection from the foreign exchange in order to comply with the requirements of subsection 38(3). Each of these steps may add to the time and cost associated with extending a foreign offering to Ontario investors.

A new provision in OSC Rule 45-501 will provide an exemption from subsection 38(3) of the Act in the context of a distribution ofa designated foreign security provided that all of the purchasers in Ontario are permitted clients and the listing representation is not a misrepresentation.

(b) Amendments to National Instrument 45-106 Prospectus and Registration Exemptions

In Ontario, a report on Form 45-106F1 Report of Exempt Distribution (the Report) must be filed with the OSC within 10 days of a distribution of securities made in reliance on certain prospectus exemptions (including the accredited investor exemption).

The Report contains detailed information about each purchaser that participated in the distribution, including the purchaser’s name, address and telephone number.

The Report requires information about the collection of this personal information to be provided to purchasers, including the fact that this information will be delivered to the OSC. It also requires issuers or underwriters to confirm, when filing the Report with the OSC, that the notification was provided to each purchaser and that such purchasers have authorized the indirect collection of personal information by the OSC.

The requirement to provide this notification and obtain authorization from purchasers stems from provisions in the Freedom of Information and Protection of Privacy Act, R.S.O. 1990. ch. F.31. These provisions, however, only apply to the collection of “personal information”, which is information relating to individuals. Providing notice and obtaining authorization is not technically required where the purchaser is an institution or otherwise not an individual.

Currently, the Report does not distinguish between purchasers that are individuals and those that are not. The proposed amendments would clarify that the requirement to include the “Authorization of Indirect Collection of Personal Information for Distribution in Ontario” when filing a Report is only applicable if a distribution is made to one or more individuals in Ontario. The proposed amendments contemplate a similar change to Form 45-501F1 Report of Exempt Distribution.

This change will be applicable to all distributions made in reliance on a prospectus exemption that require the filing of a Report.

Alternatives considered

Time-limited exemptive relief was granted to a number of large institutional Canadian and foreign dealers from Canadian-specific disclosure requirements that must be included in a wrapper. The relief is subject to a “sunset” clause that results in the termination of the decision on the earlier of: (i) three years after the date of the decision, or (ii) the date that amendments to the legislation become effective that provide for substantially the same relief as the decision. In addition, the relief has a 60-day


April 25, 2013 (2013) 36 OSCB 4468

period of delayed effectiveness. The relief will be addressed by making rule amendments that will place all market participants in a similar position.

No other alternatives were considered.

Impact on investors

Many institutional investors as well as dealers involved in foreign offerings have expressed frustration at the current requirements, which they believe restrict investor access to foreign investment opportunities.

We anticipate that the proposed amendments will facilitate participation by sophisticated Ontario investors that qualify as permitted clients in foreign securities offerings, including offerings by foreign corporations and governments. As a result, thismay provide some investors with a wider range of investment opportunities than were previously available.

Anticipated costs and benefits

By implementing the proposed amendments, we aim to simplify the process for offering foreign securities into Canada to permitted clients on an exempt basis. These changes will reduce the regulatory burden associated with these offerings and may expand investment opportunities for sophisticated Ontario investors. As a result, we consider the benefits of the proposed amendments to potentially be significant.

Unpublished materials

In proposing the proposed amendments, we have not relied on any significant unpublished study, report or other written materials.

Rule-making authority

The following provisions of the Act provide the Commission with authority to adopt the proposed amendments:

• paragraph 143(1)49 authorizes the Commission to make rules permitting or requiring, or varying the Act to permit or require, methods of filing or delivery, to or by the Commission, issuers, registrants, security holders or others, of documents, information, notices, books, records, things, reports, orders, authorizations or other communications required under or governed by Ontario securities laws; and

• paragraph 143(1)50 authorizes the Commission to make rules providing for exemptions from or varying the requirements set out in Part XIII Trading in Securities and Derivatives Generally.

How to provide your comments

You must submit your comments in writing by July 24, 2013. If you are sending your comments by email, you should also send an electronic file containing the submissions in Microsoft Word.

Please send your comments to the following address:

The Secretary Ontario Securities Commission 20 Queen Street West 22nd Floor, Box 55 Toronto, Ontario M5H 3S8 Fax: 416-593-2318 Email: [email protected]

Please note that all comments received during the comment period will be made publicly available. We will post all comments to the OSC website at www.osc.gov.on.ca to improve the transparency of the policy-making process.


April 25, 2013 (2013) 36 OSCB 4469

Questions

Please refer your questions to any of:

Jo-Anne Matear Manager, Corporate Finance 416.593.2323 [email protected]

Elizabeth Topp Senior Legal Counsel, Corporate Finance 416.593.2377 [email protected]

Darren McKall Manager, Investment Funds 416.593.8118 [email protected]

April 25, 2013.


April 25, 2013 (2013) 36 OSCB 4470

APPENDIX A

Ontario Securities Commission Rule 45-501 Ontario Prospectus and Registration Exemptions

Ontario Amendment Instrument

1. Ontario Securities Commission Rule 45-501 Ontario Prospectus and Registration Exemptions is amended by this Instrument.

2. Section 1.1 is amended by adding the following definitions:

“designated foreign security” means a security offered primarily in a foreign jurisdiction that is

(a) issued by an issuer that

(i) is incorporated, formed or created under the laws of a foreign jurisdiction,

(ii) is not a reporting issuer in a jurisdiction, and

(iii) has its head office or principal executive office outside of Canada, or

(b) issued or guaranteed by the government of a foreign jurisdiction;

“permitted client” has the same meaning as in section 1.1 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations;

3. Part 5 is amended by adding the following:

5.5 Exemption from Listing Representation Requirements – Subsection 38(3) of the Act does not apply to any representation made in an offering memorandum in connection with a distribution of a designated foreign security if all of the purchasers in Ontario are permitted clients and the representation is not a misrepresentation.

5.6 Manner of Disclosure – If a seller delivers an offering memorandum to a prospective purchaser in connection with a distribution of a designated foreign security to which the rights referred to in section 130.1 of the Act apply and the prospective purchaser is a permitted client, the disclosure required by section 5.3 may be satisfied by disclosure of the rights of the purchaser under section 130.1 of the Act contained in:

(a) an offering memorandum for the distribution that is delivered to the permitted client;

(b) a separate document which accompanies, but is not part of, the offering memorandum for the distribution that is delivered to the permitted client;

(c) a representation letter, subscription agreement or other form of written notice delivered to the permitted client in connection with a distribution for which no offering memorandum is being used;

(d) a notice and acknowledgment that has been delivered to the permitted client by a registered dealer or an international dealer and signed by the permitted client that proposes to make future distributions of securities to the permitted client which contains a statement to the effect that the disclosure will apply to all such future distributions; or

(e) any combination of the foregoing.

5.7 Application – Sections 5.5 and 5.6 do not apply to any distribution if a prospectus has been filed with a Canadian securities regulatory authority for the distribution.

4. Item 9 of Form 45-501F1 is replaced by the following:

Item 9: If a distribution is made to one or more individuals in Ontario, include the attached “Authorization of Indirect Collection of Personal Information for Distribution in Ontario”.


April 25, 2013 (2013) 36 OSCB 4471

5. Part 7 is replaced by the following:

7.1 Exemption – The Director may grant an exemption to Part 6, in whole or in part, subject to such conditions or restrictions as may be imposed in the exemption.

6. This Instrument comes into force on •.


April 25, 2013 (2013) 36 OSCB 4472

APPENDIX B

Proposed Amendments to National Instrument 45-106 Prospectus and Registration Exemptions

Ontario Amendment Instrument

1. National Instrument 45-106 Prospectus and Registration Exemptions is amended by this Instrument.

2. Item 9 of Form 45-106F1 is replaced by the following:

Item 9: If a distribution is made to one or more individuals in Ontario, include the attached “Authorization of Indirect Collection of Personal Information for Distribution in Ontario”. The “Authorization of Indirect Collection of Personal Information for Distributions in Ontario” is only required to be filed with the Ontario Securities Commission.

3. This Instrument comes into force on •.

April 25, 2013 (2013) 36 OSCB 4473

Chapter 7

Insider Reporting

The following is a weekly summary of insider transactions by insiders of Ontario reporting issuers in SEDI ® (the System for Electronic Disclosure by Insiders).1 The weekly summary contains insider transactions reported during the 7-day period ending Sunday at 11:59 p.m. (i.e. the Sunday prior to the Bulletin Issue date).2

Guide to Codes Relationship of Insider to Issuer (Rel=n)

1 Issuer 2 Subsidiary of Issuer 3 10% Security Holder of Issuer 4 Director of Issuer 5 Senior Officer of Issuer 6 Director or Senior Officer of 10% Security Holder 7 Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) 8 Deemed Insider – 6 Months before becoming Insider

Nature of Transaction (T/O)

00 Opening Balance-Initial SEDI Report 10 Acquisition or disposition in the public market 11 Acquisition or disposition carried out privately 15 Acquisition or disposition under a prospectus 16 Acquisition or disposition under a prospectus exemption 22 Acquisition or disposition pursuant to a take-over bid, merger or acquisition 30 Acquisition or disposition under a purchase/ ownership plan 35 Stock dividend 36 Conversion or exchange 37 Stock split or consolidation 38 Redemption, retraction, cancellation, repurchase 40 Short sale 45 Compensation for property 46 Compensation for services 47 Acquisition or disposition by gift 48 Acquisition by inheritance or disposition by bequest 50 Grant of options 51 Exercise of options 52 Expiration of options 53 Grant of warrants 54 Exercise of warrants 55 Expiration of warrants 56 Grant of rights 57 Exercise of rights 59 Exercise for cash 70 Acquisition or disposition (writing) of third party derivative 71 Exercise of third party derivative 72 Other settlement of third party 73 Expiration of third party derivative 90 Change in nature of ownership 97 Other 99 Correction of Information

Note: The asterisk in the “Date/Month End Holding” column indicates the insider disagreed with the system calculated balance when the transaction was reported.

1 SEDI® is a registered trademark owned by CDS INC. 2 ©CDS INC.

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4474

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price

Date/Month End Holdings

Acquired/ Disposed

ABE Resources Inc. Common Shares Bryce, Robert 4 16/04/2013 37 264,080 -2,376,724 ABE Resources Inc. Common Shares Burrows, Fred 4 16/04/2013 37 30,250 -272,250 ABE Resources Inc. Options Burrows, Fred 4 16/04/2013 37 25,000 -225,000 ABE Resources Inc. Common Shares Rougerie, Yves 4, 5 16/04/2013 10 0.04 801,000 18,000 ABE Resources Inc. Common Shares Rougerie, Yves 4, 5 16/04/2013 37 96,300 -704,700 ABE Resources Inc. Common Shares Rougerie, Yves 4, 5 17/04/2013 10 0.045 97,300 1,000 ABE Resources Inc. Common Shares Rougerie, Yves 4, 5 18/04/2013 10 117,300 20,000 ABE Resources Inc. Options Rougerie, Yves 4, 5 16/04/2013 37 90,000 -810,000 Absolute Software Corporation

Common Shares Bestmann, Martin 5 11/04/2013 45 255,493 83,334

Absolute Software Corporation

Common Shares Frankl, Peter 5 11/04/2013 45 255,562 83,334

ACTIVEnergy Income Fund Trust Units Activenergy Income Fund 1 01/04/2013 38 7.39 28,167,261 1,700


ACTIVEnergy Income Fund Trust Units Activenergy Income Fund 1 03/04/2013 38 7.3 28,168,661 400






AEterna Zentaris Inc. Common Shares Dodd, David Alan 4, 5 15/04/2013 00 8,333 AEterna Zentaris Inc. Options Dodd, David Alan 4, 5 15/04/2013 00 AEterna Zentaris Inc. Options Dodd, David Alan 4, 5 15/04/2013 11 1.98 300,000 AEterna Zentaris Inc. Options Dodd, David Alan 4, 5 15/04/2013 11 1.98 300,000 AEterna Zentaris Inc. Options Dodd, David Alan 4, 5 15/04/2013 50 1.98 300,000 300,000 African Queen Mines Ltd. Common Shares Olian, Irwin Alois 3, 4, 5 15/04/2013 10 0.05 8,499,500 9,000 AGF Management Limited Restricted Share Units Bogart, Robert 5 19/04/2013 46 10.87 32,372 566 AGF Management Limited Restricted Share Units CAMMARERI, ROSE 5 19/04/2013 46 10.87 33,595 442 AGF Management Limited Common Shares Deferred

Share Units Derry, Douglas 4 19/04/2013 46 10.87 18,787 455

AGF Management Limited Restricted Share Units Forrester, Gordon Mackenzie

7 19/04/2013 46 10.87 28,631 616

AGF Management Limited Restricted Share Units Goldring, Judy 4, 5 19/04/2013 46 10.87 69,991 898 AGF Management Limited Performance Share Units Hubbes, Martin 5 19/04/2013 46 10.87 77,360 1,733

AGF Management Limited Restricted Share Units Hubbes, Martin 5 19/04/2013 46 10.87 22,672 415 AGF Management Limited Common Shares Deferred

Share Units Lang, Donald Gordon 4 19/04/2013 46 10.87 33,753 818

AGF Management Limited Common Shares Deferred Share Units

Morneau, William 7 19/04/2013 46 10.87 34,021 825

AGF Management Limited Common Shares Class B Squibb, Geoffrey Wayne 4 19/04/2013 10 10.76 15,976 391

AGF Management Limited Common Shares Deferred Share Units

Squibb, Geoffrey Wayne 4 19/04/2013 46 10.87 19,208 466

Alexander Nubia International Inc.

Common Shares Payne, John Garfield 5 11/04/2013 10 0.035 1,972,167 29,000

Alexco Resource Corp. Common Shares McIntyre, Robert Leslie 5 17/04/2013 10 2.15 64,387 10,000 Algoma Central Corporation Common Shares Carty, Richard Brydone 4 12/04/2013 10 14.59 5,500 1,000

Alimentation Couche-Tard Inc.

Unité d'action différée Bourque, Nathalie 4 11/04/2013 35 55.6 1,915 2


Options Davis, Darrell J. 7 17/04/2013 51 20.21 20,000 -30,000


Subordinate Voting Shares Catégorie B

Davis, Darrell J. 7 17/04/2013 51 20.21 30,000 30,000



Davis, Darrell J. 7 17/04/2013 10 58.09 10,438 -19,562



Davis, Darrell J. 7 17/04/2013 97 58.09 0 -10,438


Unité d'action différée Desrosiers, Roger 4 11/04/2013 35 55.6 9,366 13


Unité d'action différée Fortin, Richard 4, 6, 7, 5 11/04/2013 35 55.6 2,787 4


Unité d'action différée Kau, Mélanie 4 11/04/2013 35 55.6 16,818 23

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4475



Acquired/ Disposed


Options McCure, Matt 5 19/04/2013 51 13.88 20,000 -5,000


Options Paré, Raymond 5 17/04/2013 51 14.21 71,000 -5,000



Paré, Raymond 5 17/04/2013 51 14.21 22,000 5,000



Paré, Raymond 5 17/04/2013 10 57.841 18,229 -3,771



Paré, Raymond 5 17/04/2013 97 57.841 17,000 -1,229



Seber, Waymon O. 5 12/04/2013 10 56.851 11,250 -250

Alliance Mining Corp. Common Shares Anderson, Christopher Ross 5 15/04/2013 10 0.065 2,681,500 5,000

Almaden Minerals Ltd. Common Shares Poliquin, James Duane 4, 5 15/04/2013 10 1.65 2,216,137 5,000 Almaden Minerals Ltd. Common Shares Poliquin, James Duane 4, 5 15/04/2013 10 1.6 2,223,137 7,000 Almaden Minerals Ltd. Common Shares Poliquin, James Duane 4, 5 15/04/2013 10 1.58 2,224,837 1,700 Almaden Minerals Ltd. Common Shares Poliquin, James Duane 4, 5 15/04/2013 10 1.55 2,226,837 2,000 Altai Resources Inc. Common Shares AU, Maria Pui-Ching 5 18/04/2013 10 0.06 1,338,350 1,000 Altai Resources Inc. Common Shares AU, Maria Pui-Ching 5 19/04/2013 10 0.065 1,348,350 10,000 Alterra Power Corp. Common Shares Beaty, Ross J. 6 17/04/2013 16 0.32 123,730,001 14,930,000 Alterra Power Corp. Common Shares Beaty, Ross J. 6 17/04/2013 10 0.32 123,769,001 39,000 Alterra Power Corp. Common Shares Beaty, Ross J. 6 17/04/2013 10 0.315 123,786,501 17,500 Alterra Power Corp. Common Shares Beaty, Ross J. 6 17/04/2013 10 0.31 123,797,501 11,000 Alterra Power Corp. Common Shares Beaty, Ross J. 6 17/04/2013 10 0.305 123,823,501 26,000 Alterra Power Corp. Common Shares Beaty, Ross J. 6 17/04/2013 10 0.3 123,833,501 10,000 Alterra Power Corp. Common Shares Segsworth, Walter Thomas 4 11/04/2013 10 0.285 1,133,370 28,000

Alterra Power Corp. Common Shares Segsworth, Walter Thomas 4 12/04/2013 10 0.302 1,184,870 51,500

Alterra Power Corp. Common Shares Segsworth, Walter Thomas 4 15/04/2013 10 0.305 1,222,870 38,000

Altus Group Limited Deferred Share Units Eyton, John Trevor 4 15/04/2013 56 8.37 11,280 1,045 Altus Group Limited Deferred Share Units Eyton, John Trevor 4 15/04/2013 56 8.37 11,463 183 Altus Group Limited Deferred Share Units Gaffney, Thomas Anthony 4 15/04/2013 56 8.37 2,823 1,045

Altus Group Limited Deferred Share Units Gaffney, Thomas Anthony 4 15/04/2013 56 8.37 2,855 32

Altus Group Limited Deferred Share Units MacDiarmid, Diane 4 15/04/2013 56 8.37 5,663 1,791 Altus Group Limited Deferred Share Units MacDiarmid, Diane 4 15/04/2013 56 8.37 5,732 69 Altus Group Limited Deferred Share Units McArthur, Alexander Bruce 4 15/04/2013 56 8.37 11,280 1,045

Altus Group Limited Deferred Share Units McArthur, Alexander Bruce 4 15/04/2013 56 8.37 11,463 183

Altus Group Limited Deferred Share Units Naglie, Harvey 4 15/04/2013 56 8.37 11,280 1,045 Altus Group Limited Deferred Share Units Naglie, Harvey 4 15/04/2013 56 8.37 11,463 183 Altus Group Limited Deferred Share Units Slavens, Eric W. 4 15/04/2013 56 8.37 11,280 1,045 Altus Group Limited Deferred Share Units Slavens, Eric W. 4 15/04/2013 56 8.37 11,463 183 Altus Group Limited Deferred Share Units Smith, Stuart H.B. 4, 5 15/04/2013 56 8.37 6,805 1,045 Altus Group Limited Deferred Share Units Smith, Stuart H.B. 4, 5 15/04/2013 56 8.37 6,909 104 American Vanadium Corp. Common Shares Regberg Ltd. 3 11/04/2013 00 3,543,068 American Vanadium Corp. Warrants Regberg Ltd. 3 11/04/2013 00 1,771,533 Americas Bullion Royalty Corp.

Common Shares Cary, Jeffrey Alan 5 15/12/2012 00 5,000

Americas Bullion Royalty Corp.

Options Cary, Jeffrey Alan 5 14/12/2012 50 0.33 260,000 130,000

Americas Bullion Royalty Corp.

Options Cary, Jeffrey Alan 5 15/12/2012 00 130,000

Amica Mature Lifestyles Inc. Common Shares Allen, Brenda 5 11/04/2013 30 8.9799 4,753 224

Amica Mature Lifestyles Inc. Common Shares Hamilton, Karen 5 23/04/2012 00

Amica Mature Lifestyles Inc. Common Shares Hamilton, Karen 5 11/04/2013 30 8.9799 84 84

Amica Mature Lifestyles Inc. Common Shares Hamilton, Karen 5 23/04/2012 00

Amica Mature Lifestyles Inc. Common Shares Hamilton, Karen 5 11/04/2013 30 8.9799 84 84

Amica Mature Lifestyles Inc. Common Shares Holland, Terence Michael 4 15/04/2013 10 8.75 182,100 7,200

Amica Mature Lifestyles Inc. Common Shares Holland, Terence Michael 4 16/04/2013 10 8.85 192,100 10,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4476



Acquired/ Disposed

Amica Mature Lifestyles Inc. Common Shares MacCallum, James Mckenzie

5 11/04/2013 30 8.9799 1,325 202

Amica Mature Lifestyles Inc. Common Shares MacCallum, James Mckenzie

5 11/04/2013 30 8.9799 565 6

Amica Mature Lifestyles Inc. Common Shares Manji, Samir Aziz 3, 4, 5 15/04/2013 10 8.76 2,709,026 2,100


Amica Mature Lifestyles Inc. Common Shares Manji, Samir Aziz 3, 4, 5 16/04/2013 10 8.84 2,717,426 500






Amica Mature Lifestyles Inc. Common Shares Salgado, Claudia 5 11/04/2013 30 8.9799 11,762 303

Amorfix Life Sciences Ltd. Common Shares Interinvest Corporation 3 10/04/2013 10 0.433 9,843,222 62,500 Amorfix Life Sciences Ltd. Common Shares Interinvest Corporation 3 11/04/2013 10 0.439 9,863,222 20,000 Amorfix Life Sciences Ltd. Common Shares Interinvest Corporation 3 12/04/2013 10 0.402 9,907,222 44,000 Amorfix Life Sciences Ltd. Common Shares Interinvest Corporation 3 15/04/2013 10 0.409 9,909,222 2,000 Amorfix Life Sciences Ltd. Common Shares Interinvest Corporation 3 18/04/2013 10 0.389 9,919,222 10,000 AndeanGold Ltd. Common Shares CIALI, ANTHONY FRANCIS 4, 5 16/04/2013 10 0.06 911,067 20,000

AndeanGold Ltd. Common Shares CIALI, ANTHONY FRANCIS 4, 5 17/04/2013 10 0.06 931,067 20,000



AndeanGold Ltd. Common Shares CIALI, ANTHONY FRANCIS 4, 5 18/04/2013 10 0.05 1,006,067 62,000

Angle Energy Inc. Restricted Share Units Bradley, Noralee Bradley 4 11/04/2013 56 25,000 15,000 Angle Energy Inc. Restricted Share Units Bratt, Michael Scott 4 11/04/2013 56 70,000 15,000 Angle Energy Inc. Options Christie-Burns, Heather

Lynn 5 11/04/2013 50 2.85 728,113 150,000

Angle Energy Inc. Restricted Share Units Christie-Burns, Heather Lynn

5 11/04/2013 56 25,000


5 11/04/2013 56 25,000


5 11/04/2013 56 37,295 25,000

Angle Energy Inc. Restricted Share Units Dunne, Timothy Vaughan 4 11/04/2013 56 25,000 15,000 Angle Energy Inc. Options Fischbuch, Douglas Gregg 4, 5 11/04/2013 50 2.85 732,256 150,000

Angle Energy Inc. Restricted Share Units Fischbuch, Douglas Gregg 4, 5 11/04/2013 50 2.85 25,000

Angle Energy Inc. Restricted Share Units Fischbuch, Douglas Gregg 4, 5 11/04/2013 50 2.85 25,000

Angle Energy Inc. Restricted Share Units Fischbuch, Douglas Gregg 4, 5 11/04/2013 56 37,295 25,000

Angle Energy Inc. Restricted Share Units Muchowski, Edward John 4 11/04/2013 56 25,000 15,000 Angle Energy Inc. Options Post, Heather Colleen 5 11/04/2013 50 2.85 232,797 50,000 Angle Energy Inc. Restricted Share Units Post, Heather Colleen 5 11/04/2013 56 36,762 30,000 Angle Energy Inc. Options Richardson, Glen Russell 5 11/04/2013 50 2.85 360,745 70,000 Angle Energy Inc. Restricted Share Units Richardson, Glen Russell 5 11/04/2013 56 56,402 35,000 Angle Energy Inc. Restricted Share Units Roorda, Jacob 4 11/04/2013 56 25,000 15,000 Angle Energy Inc. Options Thompson, Duane Robert 5 11/04/2013 50 2.85 239,065 70,000

Angle Energy Inc. Restricted Share Units Thompson, Duane Robert 5 11/04/2013 56 53,801 35,000

Angle Energy Inc. Restricted Share Units Turnbull, Keith Stewart 4 11/04/2013 56 80,000 15,000 ANGOSS Software Corporation

Common Shares Murray, Sheila A. 4 20/10/2011 00

ANGOSS Software Corporation

Common Shares Murray, Sheila A. 4 17/04/2013 51 0.4 5,000 5,000


Options Common shares Murray, Sheila A. 4 17/04/2013 51 0.4 0 -5,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4477



Acquired/ Disposed


Options Common shares RAMKUMAR, RAM 4 19/04/2013 52 0 -5,000


Common Shares Swartz, Gordon 4 15/04/2013 51 0.4 38,500 5,000


Common Shares Swartz, Gordon 4 15/04/2013 51 0.37 43,500 5,000


Options Common shares Swartz, Gordon 4 15/04/2013 51 0.4 5,000 -5,000


Options Common shares Swartz, Gordon 4 15/04/2013 51 0.37 0 -5,000

Ansar Financial and Development Corporation

Common Shares Jalaluddin, Mohammed 3, 4, 5 10/04/2013 11 1 870,820 -121,190


Common Shares Jalaluddin, Mohammed 3, 4, 5 15/04/2013 11 1 726,120 -144,700


Common Shares Jalaluddin, Mohammed 3, 4, 5 10/04/2013 11 1 0 -53,897


Common Shares Nasim, Pervez 3, 4, 5 10/04/2013 11 1 870,820 -121,190


Common Shares Nasim, Pervez 3, 4, 5 15/04/2013 11 1 726,120 -144,700


Common Shares Nasim, Pervez 3, 4, 5 10/04/2013 11 1 0 -53,897

Anthony Clark International Insurance Brokers Ltd.

Options Bhatia, Mahesh 5 01/04/2013 52 0.36 0 -180,000

Anthony Clark International Insurance Brokers Ltd.

Options Consalvo, Tony 4, 5 01/04/2013 52 0.36 0 -140,000

ARC Resources Ltd. Common Shares Groeneveld, Neil Adrian 5 15/01/2013 30 22.35 25,619 32 ARC Resources Ltd. Common Shares Stadnyk, Myron Maurice 4, 5 15/01/2013 30 22.35 193,403 861 Arcan Resources Ltd. Options Fisher, Andrew James 4, 5 11/04/2013 38 4.2 920,000 -450,000 Arcan Resources Ltd. Options Fisher, Andrew James 4, 5 11/04/2013 38 4.61 695,000 -225,000 Arcan Resources Ltd. Options Fisher, Andrew James 4, 5 11/04/2013 38 5.17 295,000 -400,000 Arcan Resources Ltd. Options Fisher, Andrew James 4, 5 11/04/2013 38 4.6 220,000 -75,000 Arch Biopartners Inc. Common Shares Muruve, Richard Gabriel 3, 4 12/04/2013 10 0.3 7,578,500 7,000 Arch Biopartners Inc. Common Shares Muruve, Richard Gabriel 3, 4 12/04/2013 10 0.325 7,603,500 25,000 Arch Biopartners Inc. Common Shares Muruve, Richard Gabriel 3, 4 16/04/2013 10 0.25 7,628,500 25,000 Arch Biopartners Inc. Common Shares Muruve, Richard Gabriel 3, 4 16/04/2013 10 0.35 7,633,500 5,000 Arctic Hunter Energy Inc. Common Shares Hall, Robert 4, 5 17/04/2013 10 0.075 611,500 1,000 Arctic Star Exploration Corp. Options Doyle, Buddy James 4 18/04/2013 50 0.3 500,000 200,000

Arctic Star Exploration Corp. Common Shares Jassal, Brijender (Binny) Jassal

5 12/04/2013 11 0.2 165,550 150,000

Arctic Star Exploration Corp. Options Jassal, Brijender (Binny) Jassal

5 12/04/2013 51 0.2 300,000 -150,000

Arctic Star Exploration Corp. Options Jassal, Brijender (Binny) Jassal

5 12/04/2013 50 0.3 450,000 150,000

Arctic Star Exploration Corp. Common Shares Power, Patrick Edward 4, 5 12/04/2013 11 0.22 1,199,866 821,818

Arctic Star Exploration Corp. Options Power, Patrick Edward 4, 5 16/04/2013 50 0.3 916,000 150,000

Arctic Star Exploration Corp. Warrants Power, Patrick Edward 4, 5 12/04/2013 11 0.37 2,850,389 821,818

Arctic Star Exploration Corp. Options Yingling, Thomas 4 18/04/2013 50 0.3 500,000 200,000

Argent Energy Trust Trust Units Bovingdon, Sean 5 18/04/2013 10 9.91 400 200 Armtec Infrastructure Inc. Warrants Brookfield Capital Partners

Ltd.3 21/12/2012 11 0 -3,043,307

Artek Exploration Ltd. Common Shares Frolek, Gregory Todd 5 17/04/2013 97 2.95 118,346 -7,143 Aston Hill Financial Inc. Common Shares Smith, Eldon 4 08/04/2013 51 33333 363,167 33,333 Aston Hill Financial Inc. Common Shares Smith, Eldon 4 08/04/2013 51 13333 376,500 13,333 Aston Hill Financial Inc. Options Smith, Eldon 4 08/04/2013 51 0.32 138,333 -33,333 Aston Hill Financial Inc. Options Smith, Eldon 4 08/04/2013 51 0.44 125,000 -13,333 Ateba Resources Inc. Common Shares holmes, robert john 4 15/04/2013 10 0.005 1,128,111 3,000 Atlantic Power Corporation Notional Shares Rapisarda, Paul Howard 5 11/04/2013 56 4.85 68,782 41,237

Atlantic Power Corporation Common Shares Ronan, Terrence 5 20/08/2012 00

Atlantic Power Corporation Common Shares Ronan, Terrence 5 20/08/2012 00

Atlantic Power Corporation Common Shares Ronan, Terrence 5 28/02/2013 57 2,080 2,080

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4478



Acquired/ Disposed

Atlantic Power Corporation Common Shares Ronan, Terrence 5 11/04/2013 57 3,413 1,333

Atlantic Power Corporation Notional Shares Ronan, Terrence 5 31/12/2012 30 13.18 268

Atlantic Power Corporation Notional Shares Ronan, Terrence 5 31/12/2012 30 13.18 9,208 208

Atlantic Power Corporation Notional Shares Ronan, Terrence 5 28/02/2013 56 11 9,360 152

Atlantic Power Corporation Notional Shares Ronan, Terrence 5 28/02/2013 57 10.33 6,240 -3,120

Atlantic Power Corporation Notional Shares Ronan, Terrence 5 11/04/2013 56 4.85 12,240 6,000

Atlantic Power Corporation Notional Shares Ronan, Terrence 5 11/04/2013 56 4.85 20,619

Atlantic Power Corporation Notional Shares Ronan, Terrence 5 11/04/2013 56 4.85 20,619

Atlantic Power Corporation Notional Shares Ronan, Terrence 5 11/04/2013 57 4.85 10,240 -2,000

Atlantic Power Corporation Notional Shares Ronan, Terrence 5 11/04/2013 56 4.85 30,859 20,619

Augusta Resource Corporation

Common Shares HudBay Minerals Inc. 3 16/04/2013 10 2.55 23,058,585 1,400,000

Aurania Resources Ltd. Common Shares Barron, Keith Michael 3, 4, 5 11/04/2013 15 0.4 14,117,873 3,500,000 AuRico Gold Inc. Common Shares Benner, Colin Keith 4, 5 16/04/2013 30 6.43 22,132 850 AuRico Gold Inc. Deferred Share Units Benner, Colin Keith 4, 5 12/04/2013 56 11,264 AuRico Gold Inc. Deferred Share Units Benner, Colin Keith 4, 5 12/04/2013 56 11,264 AuRico Gold Inc. Deferred Share Units Benner, Colin Keith 4, 5 12/04/2013 56 30,680 11,264 AuRico Gold Inc. Restricted Share Units Benner, Colin Keith 4, 5 12/04/2010 00 AuRico Gold Inc. Restricted Share Units Benner, Colin Keith 4, 5 12/04/2013 56 19,310 19,310 AuRico Gold Inc. Common Shares Bostwick, Christopher John 5 16/04/2013 30 6.43 29,269 2,055

AuRico Gold Inc. Common Shares Chavez - Martinez, Mario Luis

4 16/04/2013 30 6.32 51,530 1,730

AuRico Gold Inc. Deferred Share Units Colterjohn, Richard Mark 4 12/04/2013 56 6.2144 27,735 4,827 AuRico Gold Inc. Restricted Share Unit

(Phantom Plan) Colterjohn, Richard Mark 4 12/04/2010 00

AuRico Gold Inc. Restricted Share Unit (Phantom Plan)

Colterjohn, Richard Mark 4 12/04/2013 56 6.2144 11,264

AuRico Gold Inc. Restricted Share Unit (Phantom Plan)

Colterjohn, Richard Mark 4 12/04/2013 56 6.2144 11,264

AuRico Gold Inc. Restricted Share Units Colterjohn, Richard Mark 4 12/04/2010 00 AuRico Gold Inc. Restricted Share Units Colterjohn, Richard Mark 4 12/04/2013 56 11,264 11,264 AuRico Gold Inc. Common Shares Daniel, Mark 4 16/04/2013 30 6.43 9,668 442 AuRico Gold Inc. Deferred Share Units Daniel, Mark 4 12/04/2013 56 9,091 4,827 AuRico Gold Inc. Restricted Share Units Daniel, Mark 4 26/10/2011 00 AuRico Gold Inc. Restricted Share Units Daniel, Mark 4 12/04/2013 56 11,264 11,264 AuRico Gold Inc. Common Shares Day, Anne 5 16/04/2013 30 6.43 13,444 1,432 AuRico Gold Inc. Common Shares Downey, Patrick D. 4 16/04/2013 30 6.43 12,609 340 AuRico Gold Inc. Deferred Share Units Downey, Patrick D. 4 12/04/2013 56 9,091 4,827 AuRico Gold Inc. Restricted Share Units Downey, Patrick D. 4 26/10/2011 00 AuRico Gold Inc. Restricted Share Units Downey, Patrick D. 4 12/04/2013 56 11,264 11,264 AuRico Gold Inc. Common Shares Edwards, Alan R. 4 16/04/2013 30 6.32 10,790 408 AuRico Gold Inc. Deferred Share Units Edwards, Alan R. 4 12/04/2013 56 12,804 4,827 AuRico Gold Inc. Restricted Share Units Edwards, Alan R. 4 13/05/2010 00 AuRico Gold Inc. Restricted Share Units Edwards, Alan R. 4 12/04/2013 56 11,264 11,264 AuRico Gold Inc. Common Shares MacPhail, Peter 5 16/04/2013 30 6.43 39,498 2,658 AuRico Gold Inc. Common Shares Mell, Trent Charles Arthur 5 16/04/2013 30 6.43 31,105 2,661 AuRico Gold Inc. Performance Share Units Mell, Trent Charles Arthur 5 30/07/2012 00

AuRico Gold Inc. Common Shares Milner, Charlene Kristen 5 16/04/2013 30 6.43 7,578 1,593 AuRico Gold Inc. Common Shares Perry, Scott Graeme 5 16/04/2013 30 6.43 90,880 4,365 AuRico Gold Inc. Common Shares Richter, Christopher Hans 5 16/04/2013 30 6.43 24,140 1,621 AuRico Gold Inc. Common Shares Rockingham, Christopher

John5 16/04/2013 30 6.43 38,432 1,885

AuRico Gold Inc. Common Shares Smith, Ronald 4 16/04/2013 30 6.43 6,720 793 AuRico Gold Inc. Deferred Share Units Smith, Ronald 4 12/04/2013 56 21,357 4,827 AuRico Gold Inc. Restricted Share Units Smith, Ronald 4 15/05/2009 00 AuRico Gold Inc. Restricted Share Units Smith, Ronald 4 12/04/2013 56 11,264 11,264 AuRico Gold Inc. Common Shares Spiteri, Joseph George 4 16/04/2013 30 6.43 10,420 340 AuRico Gold Inc. Deferred Share Units Spiteri, Joseph George 4 12/04/2013 56 8,096 4,827 AuRico Gold Inc. Restricted Share Units Spiteri, Joseph George 4 25/05/2012 00 AuRico Gold Inc. Restricted Share Units Spiteri, Joseph George 4 12/04/2013 56 11,264 11,264 Aurion Resources Ltd. Common Shares Basha, Michael Gerard 3, 4 16/04/2013 10 0.07 770,571 7,000 Aurion Resources Ltd. Common Shares Basha, Michael Gerard 3, 4 16/04/2013 10 0.075 780,571 10,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4479



Acquired/ Disposed

Aurion Resources Ltd. Common Shares Basha, Michael Gerard 3, 4 16/04/2013 10 0.07 781,071 500 Aurion Resources Ltd. Common Shares Basha, Michael Gerard 3, 4 19/04/2013 10 0.08 787,071 6,000 Avalon Rare Metals Inc. Options Ferry, Alan 4 13/04/2013 52 -50,000 Avalon Rare Metals Inc. Options Ferry, Alan 4 21/04/2013 52 225,000 -50,000 Avante Logixx Inc. Common Shares Verner, Leland 3 01/04/2013 10 0.09 -180,000 Avante Logixx Inc. Common Shares Verner, Leland 3 01/04/2013 10 0.095 -180,000 Avante Logixx Inc. Common Shares Verner, Leland 3 01/04/2013 10 0.095 -180,000 Avante Logixx Inc. Common Shares Verner, Leland 3 01/04/2013 10 0.095 -180,000 Avante Logixx Inc. Common Shares Verner, Leland 4, 5 01/04/2013 10 0.095 1,805,000 -180,000 Aveda Transportation and Energy Services Inc.(formerly Phoenix Oilfield Hauling Inc.)

Options Breeze, Paula Diane 5 12/04/2013 50 2.1 35,000 10,000

Aveda Transportation and Energy Services Inc.(formerly Phoenix Oilfield Hauling Inc.)

Options Thompson, Wayne Ray 5 12/04/2013 50 2.1 1,525,000 25,000

Axia NetMedia Corporation Common Shares Axia NetMedia Corporation 1 13/07/2012 38 40,308 -29,808

Axia NetMedia Corporation Common Shares Axia NetMedia Corporation 1 11/12/2012 38 1.1491 11,230 8,730








Axia NetMedia Corporation Common Shares Axia NetMedia Corporation 1 21/12/2012 38 1.3 8,730



Axia NetMedia Corporation Common Shares Axia NetMedia Corporation 1 24/12/2012 38 1.3 20,360 400


Axia NetMedia Corporation Common Shares Axia NetMedia Corporation 1 04/01/2013 38 900 -2,000

AXMIN Inc. (formerly Asquith Resources Inc.)

Common Shares Dickson Resources Limited 3 09/04/2013 00 15,800,000


Warrants Dickson Resources Limited 3 09/04/2013 00 7,900,000


Warrants weill, david de jongh 4 29/06/2010 00






Warrants weill, david de jongh 4 09/04/2013 11 166,665 166,665

B2Gold Corp. Common Shares Corra, Mark 5 11/04/2013 57 3.05 4,895,085 76,503 B2Gold Corp. Restricted Share Units Corra, Mark 5 11/04/2013 57 3.05 292,670 -76,503 B2Gold Corp. Common Shares Craig, Dale Alton 5 11/04/2013 57 3.05 70,378 54,645 B2Gold Corp. Rights Restricted Share

Units Craig, Dale Alton 5 11/04/2013 57 3.05 243,601 -54,645

B2Gold Corp. Common Shares Garagan, Thomas 5 11/04/2013 57 3.05 4,906,335 76,503 B2Gold Corp. Restricted Share Units Garagan, Thomas 5 11/04/2013 57 3.05 292,670 -76,503 B2Gold Corp. Common Shares Johnson, Clive Thomas 4 11/04/2013 57 3.05 7,935,399 218,579 B2Gold Corp. Restricted Share Units Johnson, Clive Thomas 4 11/04/2013 57 3.05 716,488 -218,579 B2Gold Corp. Common Shares Johnson, George 5 11/04/2013 57 3.05 576,503 76,503 B2Gold Corp. Restricted Share Units Johnson, George 5 11/04/2013 57 3.05 292,580 -76,593 B2Gold Corp. Common Shares Lytle, William 5 11/04/2013 57 3.05 43,716 43,716 B2Gold Corp. Restricted Share Units Lytle, William 5 11/04/2013 57 3.05 220,765 -43,716 B2Gold Corp. Common Shares MacLean, Ian 5 11/04/2013 57 3.05 1,117,120 32,787

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4480



Acquired/ Disposed

B2Gold Corp. Restricted Share Units MacLean, Ian 5 11/04/2013 57 3.05 121,440 -32,787 B2Gold Corp. Common Shares Richer, Roger 5 11/04/2013 57 3.05 4,646,335 76,503 B2Gold Corp. Restricted Share Units Richer, Roger 5 11/04/2013 57 3.05 292,670 -76,503 B2Gold Corp. Common Shares Stansbury, Dennis 5 11/04/2013 57 3.05 4,003,777 54,645 B2Gold Corp. Restricted Share Units Stansbury, Dennis 5 11/04/2013 57 3.05 248,954 -54,645 Bank of Montreal Deferred Share Units Cepeda, Adela 7 15/04/2013 56 62.32 645 267 Bank of Montreal Deferred Share Units Clark, Frank M. 7 15/04/2013 56 62.32 4,623 185 Bank of Montreal Deferred Share Units Congalton, Susan Tichenor 7 15/04/2013 56 62.32 8,614 247

Bank of Montreal Deferred Share Units Daniels, Jr., John W. 7 15/04/2013 56 62.32 3,350 471 Bank of Montreal Deferred Share Units GALLOWAY, DAVID

ALEXANDER 7 15/04/2013 56 62.32 77,100 82

Bank of Montreal Deferred Share Units Lubar, David J. 7 15/04/2013 56 62.32 3,331 452 Bank of Montreal Deferred Share Units Peribere, Jerome A. 7 15/04/2013 56 62.32 4,226 226 Bank of Montreal Deferred Share Units Prichard, John Robert Stobo 4, 7 15/04/2013 56 62.32 49,099 452

Bank of Montreal Deferred Share Units Rau, John 7 15/04/2013 56 62.32 2,199 123 Bank of Montreal Deferred Share Units Shiely, John S. 7 15/04/2013 56 62.32 606 82 Bank of Montreal Deferred Share Units Van Handel, Michael 7 15/04/2013 56 62.32 2,567 123 Bank of Nova Scotia, The Common Shares Regent, Aaron William 4 09/04/2013 00 6,870 Barisan Gold Corporation Common Shares Nayyar, Michael 5 17/04/2013 10 0.07 153,500 26,000 Barker Minerals Ltd. Common Shares Kuhl, Robert Henry 5 16/04/2013 90 0.045 740,658 -50,000 Barker Minerals Ltd. Common Shares Kuhl, Robert Henry 5 16/04/2013 90 0.045 316,000 50,000 Bear Lake Gold Ltd. Common Shares LARSEN, THOMAS 4 27/05/2003 00 12,500 Bell Aliant Inc. Rights Deferred Share

Units (Employee) Bell, Mary-Ann 5 28/03/2013 30 26.51 88,622 1,560

Bell Aliant Inc. Rights Deferred Share Units (Employee)

Crooks, Frederick 5 28/03/2013 30 26.51 115,355 2,031


Hartlen, Charles 5 28/03/2013 30 26.51 94,636 1,666


LeBlanc, Glen 5 28/03/2013 30 26.51 177,116 3,118


MacGregor, Roderick 5 28/03/2013 30 26.51 56,731 999


McKeen, Daniel 5 28/03/2013 30 26.51 56,111 988

Bell Aliant Inc. Rights DSUP (employee) McKeen, Daniel 5 28/03/2013 30 26.51 3,130 55


Sheriff, Karen 5 28/03/2013 30 26.51 266,554 4,692

Bellair Ventures Inc. Options Stock Options David, Emlyn 4, 5 26/07/2012 50 285,220 200,000 Bellair Ventures Inc. Options Stock Options David, Emlyn 4, 5 04/04/2013 50 835,220 550,000 Bellair Ventures Inc. Options Stock Options Winter, Edward John 6, 7 05/12/2012 00 Bellair Ventures Inc. Options Stock Options Winter, Edward John 6, 7 04/04/2013 50 100,000 100,000 Bellair Ventures Inc. Options Stock Options Winter, Marco Edward 7 05/12/2012 00 Bellair Ventures Inc. Options Stock Options Winter, Marco Edward 7 04/04/2013 50 100,000 100,000 Bellatrix Exploration Ltd. Common Shares BLAIR, TIMOTHY 5 15/04/2013 30 6.45 29 Bellatrix Exploration Ltd. Common Shares BLAIR, TIMOTHY 5 15/04/2013 30 6.45 29 Bellatrix Exploration Ltd. Common Shares BLAIR, TIMOTHY 5 18/04/2013 30 6.32 13,069 289 Bellatrix Exploration Ltd. Common Shares Brown, Edward John 5 15/04/2013 30 6.45 117,246 316 Bellatrix Exploration Ltd. Common Shares Brown, Edward John 5 15/04/2013 30 6.45 36,208 316 Bellatrix Exploration Ltd. Common Shares Chisholm, Duncan Andre 5 15/04/2013 30 6.45 5,331 318 Bellatrix Exploration Ltd. Common Shares Eshleman, Brent Andrew 5 15/04/2013 30 6.45 79,906 421 Bellatrix Exploration Ltd. Common Shares Gress-Blue, Leanne K. 5 15/04/2013 30 6.45 39,468 394 Bellatrix Exploration Ltd. Common Shares Oicle, Russell G. 5 15/04/2013 30 6.45 59,152 561 Bellatrix Exploration Ltd. Common Shares Smith, Raymond George 4 15/04/2013 30 6.45 141,760 587 Bellatrix Exploration Ltd. Common Shares Ulmer, Garrett 5 15/04/2013 30 6.45 15,336 303 Bellatrix Exploration Ltd. Common Shares Vucurevich, Steven 5 15/04/2013 30 6.45 42,787 395 Bellatrix Exploration Ltd. Common Shares Woo, Ving Yee 5 15/04/2013 30 6.45 352,115 374 Bengal Energy Ltd. Common Shares Howe, James Brian 4 16/04/2013 16 0.6 305,000 175,000 Bengal Energy Ltd. Common Shares Steele, Robert David 4 16/04/2013 16 0.6 1,156,100 250,000 Bengal Energy Ltd. Common Shares Wheeler, William Ball 3, 4 16/04/2013 16 0.6 4,478,970 1,975,300 Boston Pizza Royalties Income Fund

Units Boston Pizza Royalties Income Fund

1 12/04/2013 38 0 -96,700

Boston Pizza Royalties Income Fund


1 17/04/2013 38 22.297 5,100 5,100



1 18/04/2013 38 22.534 9,300 4,200



1 19/04/2013 38 22.532 15,400 6,100

Brixton Metals Corporation Common Shares Moodie, Cale 4, 5 17/04/2013 10 0.145 40,000 7,000

Brookfield Asset Management Inc.

Common Shares Class A Limited Voting

Kress, Edward Charles 7 11/04/2013 51 13.366 111,375 33,750

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4481



Acquired/ Disposed



Kress, Edward Charles 7 11/04/2013 47 77,625 -33,750


Options Kress, Edward Charles 7 11/04/2013 51 13.366 60,000 -33,750



Pattison, James A. 4 18/09/2012 30 34.678 225,909 909



Pattison, James A. 4 07/12/2012 30 34.182 226,831 922



Pattison, James A. 4 07/03/2013 30 38.394 227,657 826

Brookfield Office Properties Inc.

Common Shares Brookfield Asset Management Inc.

3 15/04/2013 15 0 -85,980,426



3 15/04/2013 15 0 -88,139,080



3 15/04/2013 15 0 -55,404,605



3 15/04/2013 15 0 -19,838,450


Preferred Shares Class A Series A


3 15/04/2013 15 0 -3,917,047




3 15/04/2013 15 0 -675,000


Preferred Shares Class A Series B


3 15/04/2013 15 0 -11,227




3 15/04/2013 15 0 -9,194,046


Common Shares Brookfield Property Partners L.P.

3 15/04/2013 00



3 15/04/2013 00



3 15/04/2013 00 193,957,956



3 15/04/2013 00 55,404,605



Brookfield Property Partners L.P.

3 15/04/2013 00 4,592,047




3 15/04/2013 00 9,205,273


Option Equivalents Tang, Ricky 7 15/04/2013 50 16.71 42,000 20,500


Option Equivalents Wilkinson, Kurt Andrew 5 15/04/2013 50 16.71 222,500 63,500


Limited Partnership Units Lind, Philip Bridgman 6 22/03/2013 00


Limited Partnership Units Lind, Philip Bridgman 6 15/04/2013 35 4,325 4,325

C-COM Satellite Systems Inc.

Options Fathi, Eliahu Tzion 4 18/04/2013 50 500,000 50,000


Options Fowles, James Samuel 5 25/07/2006 00


Options Fowles, James Samuel 5 18/04/2013 50 50,000 50,000


Common Shares Klein, Leslie 3, 4, 5 18/04/2013 51 0.285 12,140,963 150,000












Options Klein, Leslie 3, 4, 5 18/04/2013 50 1,000,000 50,000


Options Klein, Leslie 3, 4, 5 18/04/2013 51 975,000 -25,000





Insider Reporting

April 25, 2013 (2013) 36 OSCB 4482



Acquired/ Disposed










Options Koenig, Edward Walter 4 18/04/2013 50 275,000 50,000


Common Shares Leslie, Ronald A. 4 28/02/2013 90 0.71 77 -34,500


Common Shares Leslie, Ronald A. 4 28/02/2013 90 0.71 211,708 34,500


Options Leslie, Ronald A. 4 18/04/2013 50 397,000 50,000

C.A. Bancorp Inc. Common Shares CDJ Global Catalyst LLC 3 12/04/2013 10 3.18 10,921,342 5,000 Cache Exploration Inc. Common Shares Brown, George Andrew 4 16/04/2013 10 0.01 100,500 -540,000 Cadillac Ventures Inc. Common Shares Brewster, Norman 5 17/04/2013 10 0.04 4,824,150 15,000 Caledonia Mining Corporation

Common Shares DELL, PETER DONALD 5 10/04/2013 51 0.07 300,000 100,000

Caledonia Mining Corporation

Options DELL, PETER DONALD 5 10/04/2013 51 0.07 105,000 -100,000


Common Shares Inwentash, Sheldon 3 12/04/2013 37 5,325,000 -47,925,000


Common Shares Inwentash, Sheldon 3 12/04/2013 37 236,200 -2,125,800


Common Shares Lawson, Alexander Wellesley

5 30/04/2004 00


Common Shares Lawson, Alexander Wellesley

5 10/04/2013 51 0.07 75,000 75,000


Common Shares LEARMONTH, John Mark 5 10/04/2013 51 0.07 1,367,300 447,300


Options LEARMONTH, John Mark 5 10/04/2013 51 0.07 2,390,200 -447,300


Common Shares Liswaniso, Joseph Litia 7 01/04/2007 00


Common Shares Liswaniso, Joseph Litia 7 10/04/2013 51 0.07 100,000 100,000


Options Liswaniso, Joseph Litia 7 10/04/2013 51 0.07 100,000 -100,000


Common Shares Pearton, Trevor 4 01/01/2004 00


Common Shares Pearton, Trevor 4 10/04/2013 51 0.07 400,000 400,000


Options Pearton, Trevor 4 10/04/2013 51 0.07 650,000 -400,000


Common Shares Pinetree Capital Ltd. 3 12/04/2013 37 5,325,000 -47,925,000

Calian Technologies Ltd. Common Shares Calian Technologies Ltd 1 11/04/2013 38 20.8 1,400 1,400 Calian Technologies Ltd. Common Shares Calian Technologies Ltd 1 12/04/2013 38 20.71 2,800 1,400 Calian Technologies Ltd. Common Shares Calian Technologies Ltd 1 15/04/2013 38 20.79 4,200 1,400 Calian Technologies Ltd. Common Shares Calian Technologies Ltd 1 15/04/2013 38 0 -4,200 Calian Technologies Ltd. Common Shares Calian Technologies Ltd 1 16/04/2013 38 20.77 100 100 Calian Technologies Ltd. Common Shares Calian Technologies Ltd 1 17/04/2013 38 20.81 1,500 1,400 Calian Technologies Ltd. Common Shares Calian Technologies Ltd 1 18/04/2013 38 20.79 2,900 1,400 Calian Technologies Ltd. Common Shares Calian Technologies Ltd 1 18/04/2013 38 0 -2,900 Canadian Tire Corporation, Limited

Non-Voting Shares Class A

Collver, Robyn Anne 3, 7, 5 19/04/2013 10 72.77 816,342 300

Canadian Tire Corporation, Limited





















Insider Reporting

April 25, 2013 (2013) 36 OSCB 4483



Acquired/ Disposed




























































Lynar, Hugh 3 19/04/2013 10 72.77 816,342 300



Lynar, Hugh 3 19/04/2013 10 73.05 816,442 100



Lynar, Hugh 3 19/04/2013 10 73.05 816,542 100



Lynar, Hugh 3 19/04/2013 10 73.05 816,642 100



Lynar, Hugh 3 19/04/2013 10 73.05 816,742 100



Lynar, Hugh 3 19/04/2013 10 73.05 816,842 100



Lynar, Hugh 3 19/04/2013 10 73.05 816,942 100



Lynar, Hugh 3 19/04/2013 10 73.05 817,042 100



Lynar, Hugh 3 19/04/2013 10 73.05 817,142 100



Lynar, Hugh 3 19/04/2013 10 73.05 817,242 100



Lynar, Hugh 3 19/04/2013 10 73.05 817,342 100



Lynar, Hugh 3 19/04/2013 10 73.05 817,542 200



Lynar, Hugh 3 19/04/2013 10 73.05 817,642 100



Lynar, Hugh 3 19/04/2013 10 73.05 817,742 100



Lynar, Hugh 3 19/04/2013 10 73.05 817,842 100



Lynar, Hugh 3 19/04/2013 10 73.05 818,535 693



Lynar, Hugh 3 19/04/2013 10 73.04 818,635 100

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4484



Acquired/ Disposed



Lynar, Hugh 3 19/04/2013 10 73.04 818,735 100



Lynar, Hugh 3 19/04/2013 10 72.99 818,835 100



Lynar, Hugh 3 19/04/2013 10 72.99 818,935 100



Lynar, Hugh 3 19/04/2013 10 72.99 819,035 100



Lynar, Hugh 3 19/04/2013 10 72.99 819,135 100



Lynar, Hugh 3 19/04/2013 10 72.99 819,235 100



Lynar, Hugh 3 19/04/2013 10 72.99 819,335 100



Lynar, Hugh 3 19/04/2013 10 72.99 819,435 100



Lynar, Hugh 3 19/04/2013 10 72.99 819,535 100



Lynar, Hugh 3 19/04/2013 10 72.97 819,542 7



McCann, Dean Charles 5 19/04/2013 10 72.77 816,342 300












































































Insider Reporting

April 25, 2013 (2013) 36 OSCB 4485



Acquired/ Disposed




Canadian Western Bank Common Shares Rennison, Patrick Finlayson 5 01/02/2013 00

Canadian Western Bank Common Shares Rennison, Patrick Finlayson 5 01/02/2013 00 2,792

Canadian Western Bank Common Shares Rennison, Patrick Finlayson 5 09/04/2013 90 4,578 -198

Canadian Western Bank Common Shares Rennison, Patrick Finlayson 5 01/02/2013 00

Canadian Western Bank Common Shares Rennison, Patrick Finlayson 5 09/04/2013 90 864 198

CANGOLD LIMITED Common Shares Archer, Robert Alexander 4, 5 04/04/2013 10 0.06 860,600 2,000 CANGOLD LIMITED Common Shares Archer, Robert Alexander 4, 5 17/04/2013 10 0.06 974,600 114,000 Canlan Ice Sports Corp. Common Shares D'Souza, Victor 4 08/04/2013 00 7,000 Caribou King Resources Ltd. Common Shares England, Michael Bruno

John Franz 4, 5 17/04/2013 10 0.035 1,802,000 53,000

Caribou King Resources Ltd. Common Shares England, Michael Bruno John Franz

4, 5 18/04/2013 10 0.03 1,402,000 -400,000

Cascades Inc. Common Shares Trudel, Thierry 7 15/04/2013 00 Castillian Resources Corp. Common Shares Reid, Christopher Justin 5 17/04/2013 00 50,000 Castle Resources Inc. Common Shares Shefsky, Stephen 4 10/04/2013 10 0.07 1,003,563 22,000 Castle Resources Inc. Common Shares Shefsky, Stephen 4 12/04/2013 10 0.07 1,101,563 98,000 Cathedral Energy Services Ltd.

Common Shares Cathedral Energy Services Ltd.

1 15/04/2013 38 4.0969 441,645 16,783

Cathedral Energy Services Ltd.


1 16/04/2013 38 4.0678 458,428 16,783



1 17/04/2013 38 3.9768 474,711 16,283



1 18/04/2013 38 3.923 480,753 6,042

Cava Resources Inc. (formerly Sea Green Capital Corp.)

Common Shares Hickey, John Vincent 4 09/04/2013 10 0.025 76,800 -33,000

Cava Resources Inc. (formerly Sea Green Capital Corp.)

Common Shares Hickey, John Vincent 4 09/04/2013 10 0.02 0 -76,800

Cayden Resources Inc. Common Shares Starr, James Russell Nelles 4 15/04/2013 10 0.8 403,200 19,000



Celestica Inc. Options DelBianco, Elizabeth 5 18/04/2013 52 440,123 -8,000 Celestica Inc. Options Etherington, William 4 18/04/2013 52 5,000 -5,000 Century Iron Mines Corporation

Common Shares Chan, Ricky 5 15/04/2013 10 0.65 60,000 6,420

Cequence Energy Ltd. Common Shares Colborne, Paul 4 11/04/2013 10 1.78 485,000 5,000 Cequence Energy Ltd. Common Shares Colborne, Paul 4 15/04/2013 10 1.7 490,000 5,000 Cerro Grande Mining Corporation

Incentive Stock Options Deslauriers, Paul James 4 07/03/2013 52 602,142 -300,000

Cerro Grande Mining Corporation

Incentive Stock Options Deslauriers, Paul James 4 02/04/2013 52 527,142 -75,000


Incentive Stock Options Deslauriers, Paul James 4 16/04/2013 50 0.1 902,142 375,000


Incentive Stock Options Hernandez, Mario 3, 4, 5 02/04/2013 52 0 -650,000


Incentive Stock Options Hernandez, Mario 3, 4, 5 16/04/2013 50 0.1 650,000 650,000


Incentive Stock Options Hill, William 4 07/03/2013 52 100,000 -300,000


Incentive Stock Options Hill, William 4 16/04/2013 50 0.1 400,000 300,000


Incentive Stock Options Houghton, Stephen 4, 5 02/04/2013 52 1,457,000 -600,000


Incentive Stock Options Houghton, Stephen 4, 5 16/04/2013 50 0.1 2,057,000 600,000


Incentive Stock Options Proano, Juan 4 07/03/2013 52 100,000 -300,000


Incentive Stock Options Proano, Juan 4 16/04/2013 50 0.1 400,000 300,000


Incentive Stock Options Seeley, Frederick D. 4 07/03/2013 55 -300,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4486



Acquired/ Disposed


Incentive Stock Options Seeley, Frederick D. 4 07/03/2013 52 735,000 -300,000


Incentive Stock Options Seeley, Frederick D. 4 02/04/2013 52 660,000 -75,000


Incentive Stock Options Seeley, Frederick D. 4 16/04/2013 50 0.1 1,035,000 375,000


Incentive Stock Options Thomson, David Robert Stanley

4, 5 02/04/2013 52 0 -650,000



4, 5 16/04/2013 50 0.1 650,000 650,000



4, 5 02/04/2013 52 0 -75,000



4, 5 16/04/2013 50 0.1 75,000 75,000

Cervus Equipment Corporation

Common Shares harris, gary wayne 4 16/04/2013 10 19.78 110,632 200

Cervus Equipment Corporation

Common Shares harris, gary wayne 4 17/04/2013 10 19.8 111,232 600

CGI Group Inc. Subordinate Voting Shares Classe A

Godin, Serge 3, 4 12/04/2013 30 26.826 94,203 125

CGI Group Inc. Subordinate Voting Shares Classe A

Imbeau, André 3, 4, 5 12/04/2013 30 26.826 26,688 30

CGX Energy Inc. Options Cullen, John Richard 4 16/04/2013 52 2.7 870,000 -100,000 CGX Energy Inc. Options Cullen, John Richard 4 17/04/2013 52 675,000 -195,000 CGX Energy Inc. Options Fairbairn, James Neville 5 17/04/2013 52 2.7 1,043,750 -200,000 CGX Energy Inc. Options Fairbairn, James Neville 5 17/04/2013 52 900,000 -143,750 CGX Energy Inc. Options Jackson, Adrian Charles 4 18/04/2013 52 2.7 575,000 -100,000 CGX Energy Inc. Options May, Charlotte Mary-Anne 5 18/04/2013 52 2.7 500,000 -50,000

CGX Energy Inc. Options Sully, Kerry 4, 5 11/04/2013 52 2.7 1,100,000 -500,000 Champion Iron Mines Limited (formerly Champion Minerals Inc.)

Common Shares LARSEN, THOMAS 4, 5 17/03/2006 00 500,000

China Education Resources Inc.

Common Shares Keywise Greater China Master Fund

3 15/04/2013 10 0.1829 5,024,500 -3,500



3 16/04/2013 10 0.18 5,022,500 -2,000



3 17/04/2013 10 0.1527 5,017,000 -5,500

Chorus Aviation Inc. Class B Voting Shares Belkin Enterprises Ltd. 3 17/04/2013 10 3.8135 12,411,600 7,100 Chorus Aviation Inc. Class B Voting Shares Belkin Enterprises Ltd. 3 17/04/2013 10 3.8132 12,416,400 4,800 Chorus Aviation Inc. Class B Voting Shares Belkin Enterprises Ltd. 3 17/04/2013 10 3.84 12,416,700 300 Chorus Aviation Inc. Class B Voting Shares Belkin Enterprises Ltd. 3 17/04/2013 10 3.8177 12,421,000 4,300 Chorus Aviation Inc. Class B Voting Shares Belkin Enterprises Ltd. 3 17/04/2013 10 3.8119 12,434,800 13,800 Chorus Aviation Inc. Class B Voting Shares Belkin Enterprises Ltd. 3 17/04/2013 10 3.8484 12,504,500 69,700 Chorus Aviation Inc. Deferred Share Units Collins, Gary 4 11/04/2013 56 3.9285 46,515 4,375 Chorus Aviation Inc. Deferred Share Units Cramm, Karen 4 11/04/2013 56 3.9285 25,547 2,323 Chorus Aviation Inc. Deferred Share Units Duster, Benjamin Cecil 4 11/04/2013 56 3.9285 21,319 1,909 Chorus Aviation Inc. Deferred Share Units Falconer, Richard Douglas 4 11/04/2013 56 3.9285 14,032 2,386

Chorus Aviation Inc. Deferred Share Units Isaacs, Sydney John 4, 7 11/04/2013 56 3.9285 27,128 2,736 Chorus Aviation Inc. Deferred Share Units MacCormack, G. Ross 4 11/04/2013 56 3.9285 42,451 3,977 Chorus Aviation Inc. Deferred Share Units McCoy, Richard H. 4 11/04/2013 56 3.9285 64,184 6,045 Chorus Aviation Inc. Deferred Share Units McLennan, John T. 4 11/04/2013 56 3.9285 21,319 1,909 CI Financial Corp. Debentures 4.19%

Debentures due 2014 Bank of Nova Scotia, The 3 17/04/2013 10 104.2 $36,373,000 -$5,000,000

CI Financial Corp. Common Shares Blair, Lorraine P. 7 17/04/2013 10 28.076 47,492 -2,000 CI Financial Corp. Common Shares Donato, Marcelo A. 7 31/12/2012 30 4,918 615 CI Financial Corp. Common Shares Donato, Marcelo A. 7 15/04/2013 10 28.2 43,033 -2,705 CI Financial Corp. Common Shares Glaab, Peter W. 7 15/03/2012 10 22.16 0 -5,532 CI Financial Corp. Common Shares Glaab, Peter W. 7 10/04/2013 10 28.37 0 -3,889 CI Financial Corp. Common Shares Green, Derek J. 7 16/04/2013 10 28.4 -5,395 CI Financial Corp. Common Shares Green, Derek J. 7 16/04/2013 10 28.4 15,000 -10,395 CI Financial Corp. Common Shares Holland, William T. 4 17/04/2013 10 28.15 750,000 -100,000 CI Financial Corp. Common Shares Holland, William T. 4 18/04/2013 10 28.3 700,000 -50,000 CI Financial Corp. Common Shares Kerr, Neal A. 7 17/04/2013 51 28.19 28,876 2,318 CI Financial Corp. Common Shares Kerr, Neal A. 7 17/04/2013 10 28.3 28,376 -500 CI Financial Corp. Common Shares Kerr, Neal A. 7 18/04/2013 10 28.3 26,558 -1,818 CI Financial Corp. Options Kerr, Neal A. 7 17/04/2013 51 21.55 40,000 -10,000 CI Financial Corp. Options Kerr, Neal A. 7 17/04/2013 51 21.98 37,000 -3,000 CIBT Education Group Inc. Common Shares Capital Alliance Group Inc. 1 15/04/2013 10 0.18 5,620,924 30,000

CIBT Education Group Inc. Common Shares Capital Alliance Group Inc. 1 16/04/2013 10 0.17 5,624,724 3,800

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4487



Acquired/ Disposed



Cipher Pharmaceuticals Inc. Common Shares Aigner, Stefan 4 15/04/2013 30 3.3 39,062 967

Cipher Pharmaceuticals Inc. Common Shares Andrews, Larry 5 15/04/2013 30 3.3 90,888 364

Cipher Pharmaceuticals Inc. Options Chypyha, Joan 5 04/03/2013 00

Cipher Pharmaceuticals Inc. Options Chypyha, Joan 5 05/03/2013 50 2.88 100,000 100,000

Cipher Pharmaceuticals Inc. Common Shares Claypool, William 4 15/04/2013 30 3.3 125,699 967

Cipher Pharmaceuticals Inc. Common Shares Evans, Norman Charles 5 15/04/2013 30 3.3 46,656 242

Cipher Pharmaceuticals Inc. Common Shares Garriock, William Charles 4 15/04/2013 30 3.3 20,199 303

Cipher Pharmaceuticals Inc. Common Shares McDole, Gerald P. 4 15/04/2013 30 3.3 44,428 485

ClubLink Enterprises Limited Options Turple, Donald Wayne 4, 5 10/06/2012 38 7 65,000 -11,000

CNRP Mining Inc. Common Shares Wettreich, Daniel 4, 5 16/04/2013 00 660,937 CNRP Mining Inc. Common Shares Wettreich, Daniel 4, 5 16/04/2013 00 125,000 CNRP Mining Inc. Common Shares White, Scott Fulton 4 16/04/2013 00 8,437 CNRP Mining Inc. Common Shares Winston Resources Inc. 3 16/04/2013 00 11,935,119 CO2 Solutions Inc. Common Shares Manherz, Robert 3, 4 18/04/2013 10 0.115 9,448,557 1,000 CO2 Solutions Inc. Common Shares Manherz, Robert 3, 4 18/04/2013 10 0.115 9,449,557 1,000 CO2 Solutions Inc. Common Shares Manherz, Robert 3, 4 18/04/2013 10 0.115 9,457,557 8,000 Colabor Group Inc. Common Shares Brouillette, Geneviève 7 18/04/2013 10 7 4,600 -900 Colabor Group Inc. Common Shares Brouillette, Geneviève 7 18/04/2013 10 7.01 4,200 -400 Colabor Group Inc. Common Shares Brouillette, Geneviève 7 18/04/2013 10 7.02 3,400 -800 Colabor Group Inc. Common Shares Brouillette, Geneviève 7 18/04/2013 10 7.03 2,500 -900 Colabor Group Inc. Common Shares Brouillette, Geneviève 7 18/04/2013 10 7.08 0 -2,500 Colombian Mines Corporation

Options Salari, David John 4 08/04/2013 50 0.4 237,000 62,000

Colossus Minerals Inc. Common Shares Anthony, David Harold 5 13/05/2011 00 Colossus Minerals Inc. Common Shares Anthony, David Harold 5 18/04/2013 10 1.78 700 700 Colossus Minerals Inc. Common Shares Anthony, David Harold 5 18/04/2013 10 1.79 10,000 9,300 Colossus Minerals Inc. Common Shares Greenhouse, Alden Robert 5 18/04/2013 10 1.77 8,000 4,000

Colossus Minerals Inc. Common Shares Long, Graham Gerald 5 19/12/2011 00 Colossus Minerals Inc. Common Shares Long, Graham Gerald 5 17/04/2013 10 1.93 5,000 5,000 Colossus Minerals Inc. Common Shares Mancuso, Claudio 4, 5 15/04/2013 10 2.08 74,300 4,300 Colossus Minerals Inc. Common Shares Mancuso, Claudio 4, 5 15/04/2013 10 2.09 80,000 5,700 Colossus Minerals Inc. Common Shares Mancuso, Claudio 4, 5 18/04/2013 10 1.77 100,000 20,000 Colossus Minerals Inc. Common Shares Tondo, Luis Albano 5 03/12/2012 00 Colossus Minerals Inc. Common Shares Tondo, Luis Albano 5 18/04/2013 10 1.83 5,000 5,000 Columbus Copper Corporation

Common Shares Giustra, Robert 4, 5 15/04/2013 10 0.05 1,399,500 100,000

Columbus Gold Corporation Common Shares Giustra, Robert 4, 5 17/04/2013 10 0.21 369,400 8,500

Columbus Gold Corporation Common Shares Giustra, Robert 4, 5 17/04/2013 10 0.225 380,900 11,500

Columbus Gold Corporation Common Shares hassanally, akbar 5 16/04/2013 10 0.23 73,000 20,000

COM DEV International Ltd. Performance Share Units BONDAR, ROBERTA LYNN 4 24/05/2011 00

COM DEV International Ltd. Performance Share Units BONDAR, ROBERTA LYNN 4 13/06/2011 56 958 958

COM DEV International Ltd. Performance Share Units BONDAR, ROBERTA LYNN 4 11/06/2012 56 2,904 1,946

COM DEV International Ltd. Restricted Share Units BONDAR, ROBERTA LYNN 4 24/05/2011 00

COM DEV International Ltd. Restricted Share Units BONDAR, ROBERTA LYNN 4 10/09/2012 56 322 322

COM DEV International Ltd. Restricted Share Units Friesen, Kenneth Allan 5 18/04/2012 00 4,720

COM DEV International Ltd. Restricted Share Units Friesen, Kenneth Allan 5 11/06/2012 56 9,401 4,681

COM DEV International Ltd. Common Shares White, Dan 2 18/04/2013 10 3.56 10,565 -1,000

COMPASS Income Fund Trust Units COMPASS Income Fund 1 01/04/2013 38 12.8 31,244,487 800

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4488



Acquired/ Disposed

COMPASS Income Fund Trust Units COMPASS Income Fund 1 04/04/2013 38 12.71 31,246,587 2,100 COMPASS Income Fund Trust Units COMPASS Income Fund 1 05/04/2013 38 12.58 31,249,787 3,200 COMPASS Income Fund Trust Units COMPASS Income Fund 1 10/04/2013 10 12.85 31,248,787 -1,000 COMPASS Income Fund Trust Units COMPASS Income Fund 1 11/04/2013 38 12.65 31,250,087 1,300 COMPASS Income Fund Trust Units COMPASS Income Fund 1 12/04/2013 38 12.58 31,251,287 1,200 COMPASS Income Fund Trust Units COMPASS Income Fund 1 15/04/2013 38 12.5 31,251,687 400 COMPASS Income Fund Trust Units COMPASS Income Fund 1 16/04/2013 38 12.38 31,252,887 1,200 Contrans Group Inc. Subordinate Voting

Shares Class A Burgess, Robert Burnside 4 15/04/2013 10 12.25 77,940 -5,000

Copper Reef Mining Corporation

Common Shares Masson, Stephen Leo 3 19/04/2013 10 0.04 8,579,500 5,000

Corona Gold Corporation (formerly Blue Echo Ventures Inc.)

Common Shares Corona Gold Corporation 1 16/04/2013 38 2,500 -2,600


Common Shares Corona Gold Corporation 1 17/04/2013 38 0.51 6,500 4,000


Common Shares Corona Gold Corporation 1 17/04/2013 38 4,000 -2,500


Common Shares Corona Gold Corporation 1 19/04/2013 38 0.48 8,500 4,500

Corvus Gold Inc. Common Shares Mai, Quentin 5 16/04/2013 10 0.63 696,000 6,500 Corvus Gold Inc. Common Shares Mai, Quentin 5 17/04/2013 10 0.58 705,000 9,000 Corvus Gold Inc. Common Shares Mai, Quentin 5 19/04/2013 10 0.61 710,000 5,000 Counsel Corporation Common Shares FCMI Financial Corporation 3 12/04/2013 10 1.44 5,256,401 -23,800

Counsel Corporation Common Shares FCMI Financial Corporation 3 15/04/2013 10 1.44 5,100,001 -156,400



Coventry Resources Inc. Common Shares Halliday, Don 4 15/04/2013 10 0.19 1,992,503 4,000 Coventry Resources Inc. Common Shares Halliday, Don 4 15/04/2013 10 0.18 1,995,503 3,000 Coventry Resources Inc. Common Shares Halliday, Don 4 17/04/2013 10 0.18 2,000,503 5,000 Crescent Point Energy Corp. Common Shares Colborne, Paul 4 15/04/2013 35 35.29 203,687 82

Crescent Point Energy Corp. Common Shares Colborne, Paul 4 15/04/2013 35 35.29 1,058 6

Crescent Point Energy Corp. Common Shares Colborne, Paul 4 15/04/2013 35 35.29 97,681 632

Crescent Point Energy Corp. Common Shares Cugnet, Kenney Frank 4 15/04/2013 10 35.85 311,165 10,000

Crescent Point Energy Corp. Common Shares Cugnet, Kenney Frank 4 15/04/2013 10 35.5 321,165 10,000

Crescent Point Energy Corp. Common Shares Cugnet, Kenney Frank 4 12/04/2013 10 36.715 101,159 200



Crescent Point Energy Corp. Common Shares Stangl, Trent Terry 5 15/03/2012 22 1,139

Crescent Point Energy Corp. Common Shares Stangl, Trent Terry 5 16/04/2013 99 126,839 -277

Crescent Point Energy Corp. Common Shares Stangl, Trent Terry 5 15/03/2012 22 2,494 1,139

Crestwell Resources Inc. Common Shares bertram, marshall 4 09/04/2013 10 0.13 800,000 3,000 CWC Well Services Corp. Common Shares CWC Well Services Corp. 1 11/04/2013 10 0.74 284,500 39,500 CWC Well Services Corp. Common Shares CWC Well Services Corp. 1 11/04/2013 10 0.71 318,500 34,000 CWC Well Services Corp. Common Shares CWC Well Services Corp. 1 11/04/2013 10 0.74 334,500 16,000 CWC Well Services Corp. Common Shares CWC Well Services Corp. 1 12/04/2013 10 0.74 384,500 50,000 CWC Well Services Corp. Common Shares CWC Well Services Corp. 1 12/04/2013 10 0.75 409,500 25,000 CYGAM Energy Inc. Common Shares Rigo de Righi, Giuseppe 4, 5 12/04/2013 11 0.266 1,250,000 750,000 D-Box Technologies Inc. Options AUDET, LUC 5 11/04/2013 50 0.19 1,352,550 250,000 D-Box Technologies Inc. Options Carey, John A. 5 11/04/2013 50 0.19 675,000 75,000 D-Box Technologies Inc. Options Roy, Philippe 4, 5 11/04/2013 50 0.19 1,377,550 250,000 D-Box Technologies Inc. Common Shares Class A Soly, Richard 4 16/04/2013 10 0.185 626,000 64,500

D-Box Technologies Inc. Common Shares Class A Soly, Richard 4 16/04/2013 10 0.195 686,500 60,500

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4489



Acquired/ Disposed




Dacha Strategic Metals Inc. Common Shares Puccetti, Peter H. 4, 5 09/04/2013 10 0.17 36,300 5,300



Dacha Strategic Metals Inc. Common Shares Puccetti, Peter H. 4, 5 12/04/2013 10 0.165 47,700 900









DeeThree Exploration Ltd. Common Shares Hamm, Henry Peter 4 15/04/2013 10 6.81 1,897,067 200 DeeThree Exploration Ltd. Common Shares Hamm, Henry Peter 4 15/04/2013 10 6.82 1,897,167 100 DeeThree Exploration Ltd. Common Shares Hamm, Henry Peter 4 15/04/2013 10 6.805 1,897,367 200 DeeThree Exploration Ltd. Common Shares Hamm, Henry Peter 4 15/04/2013 10 6.84 57,300 300 DeeThree Exploration Ltd. Common Shares Hamm, Henry Peter 4 15/04/2013 10 6.86 58,000 700 DeeThree Exploration Ltd. Common Shares MURRAY, TREVOR 5 12/04/2013 10 7.65 80,000 -100,000 DeeThree Exploration Ltd. Common Shares MURRAY, TREVOR 5 12/04/2013 10 7.45 55,000 -25,000 DeeThree Exploration Ltd. Common Shares MURRAY, TREVOR 5 12/04/2013 51 1.2 180,000 125,000 DeeThree Exploration Ltd. Options MURRAY, TREVOR 5 12/04/2013 51 247,220 -125,000 Dejour Energy Inc. Options Blacker, Harrison 4 10/04/2013 50 0.18 1,550,000 775,000 Detour Gold Corporation Common Shares Robertson, James Donald 5 16/04/2013 10 11.3 8,985 200

Detour Gold Corporation Common Shares Robertson, James Donald 5 17/04/2013 10 10.02 9,485 500

Detour Gold Corporation Common Shares Robertson, James Donald 5 18/04/2013 10 10.75 10,485 1,000

Detour Gold Corporation Common Shares Robertson, James Donald 5 18/04/2013 10 11 10,563 78

DirectCash Payments Inc. Common Shares Dick, Claudette Marie 5 15/04/2013 90 4,284 1,105 DirectCash Payments Inc. Common Shares Dick, Claudette Marie 5 15/04/2013 30 4,544 260 DirectCash Payments Inc. Common Shares Dick, Claudette Marie 5 15/04/2013 90 672 -1,105 DirectCash Payments Inc. Common Shares Dick, Claudette Marie 5 15/04/2013 30 260 DirectCash Payments Inc. Common Shares Dick, Claudette Marie 5 15/04/2013 30 1,194 522 DirectCash Payments Inc. Common Shares Dundas, Gary 4 15/04/2013 30 29,260 1,901 DirectCash Payments Inc. Common Shares Dundas, Gary 4 01/01/2011 00 DirectCash Payments Inc. Common Shares Dundas, Gary 4 15/04/2013 30 1,966 1,966 DirectCash Payments Inc. Common Shares ELASSAL, ADEL 5 15/04/2013 90 6,362 950 DirectCash Payments Inc. Common Shares ELASSAL, ADEL 5 15/04/2013 30 7,143 781 DirectCash Payments Inc. Common Shares ELASSAL, ADEL 5 15/04/2013 90 458 -950 DirectCash Payments Inc. Common Shares ELASSAL, ADEL 5 15/04/2013 30 2,022 1,564 DirectCash Payments Inc. Common Shares Gallacher, Susan 3, 4 15/04/2013 90 98,201 2,040 DirectCash Payments Inc. Common Shares Gallacher, Susan 3, 4 15/04/2013 30 100,233 2,032 DirectCash Payments Inc. Common Shares Gallacher, Susan 3, 4 15/04/2013 90 0 -2,040 DirectCash Payments Inc. Common Shares Hughes, Brenda Gene 5 15/04/2013 30 1,521 521 DirectCash Payments Inc. Common Shares Hughes, Brenda Gene 5 16/01/2013 00 DirectCash Payments Inc. Common Shares Hughes, Brenda Gene 5 15/04/2013 30 1,042 1,042 DirectCash Payments Inc. Common Shares Hurtubise, Roger Bradley 4 15/04/2013 90 69,781 1,429 DirectCash Payments Inc. Common Shares Hurtubise, Roger Bradley 4 15/04/2013 30 70,458 677 DirectCash Payments Inc. Common Shares Hurtubise, Roger Bradley 4 15/04/2013 90 611 -1,429 DirectCash Payments Inc. Common Shares Hurtubise, Roger Bradley 4 15/04/2013 30 1,966 1,355 DirectCash Payments Inc. Common Shares KING, ANGELA DENISE 5 15/04/2013 90 8,318 1,429 DirectCash Payments Inc. Common Shares KING, ANGELA DENISE 5 15/04/2013 30 8,839 521 DirectCash Payments Inc. Common Shares KING, ANGELA DENISE 5 15/04/2013 90 611 -1,429 DirectCash Payments Inc. Common Shares KING, ANGELA DENISE 5 15/04/2013 30 1,653 1,042

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4490



Acquired/ Disposed

DirectCash Payments Inc. Common Shares LERNER, PAUL ANDREW 5 15/04/2013 30 70 -92

DirectCash Payments Inc. Common Shares LERNER, PAUL ANDREW 5 15/04/2013 90 0 -184

DirectCash Payments Inc. Common Shares MATTHEWS, DARRYL 5 15/04/2013 90 4,576 950 DirectCash Payments Inc. Common Shares MATTHEWS, DARRYL 5 15/04/2013 30 4,993 417 DirectCash Payments Inc. Common Shares MATTHEWS, DARRYL 5 15/04/2013 90 458 -950 DirectCash Payments Inc. Common Shares MATTHEWS, DARRYL 5 15/04/2013 30 1,292 834 DirectCash Payments Inc. Common Shares Schneider, Todd Maurice 5 15/04/2013 90 17,615 1,797 DirectCash Payments Inc. Common Shares Schneider, Todd Maurice 5 15/04/2013 30 18,032 417 DirectCash Payments Inc. Common Shares Schneider, Todd Maurice 5 15/04/2013 90 490 -1,797 DirectCash Payments Inc. Common Shares Schneider, Todd Maurice 5 15/04/2013 30 1,324 834 DirectCash Payments Inc. Common Shares SINANI, ANILA 5 15/04/2013 30 1,126 78 DirectCash Payments Inc. Common Shares SINANI, ANILA 5 15/04/2013 90 1,651 525 DirectCash Payments Inc. Common Shares SINANI, ANILA 5 15/04/2013 30 682 157 DirectCash Payments Inc. Common Shares SINANI, ANILA 5 15/04/2013 30 -525 DirectCash Payments Inc. Common Shares SINANI, ANILA 5 15/04/2013 90 157 -525 DirectCash Payments Inc. Common Shares Smith, Jeffrey 3, 4, 5 15/04/2013 90 2,317,212 19,041 DirectCash Payments Inc. Common Shares Smith, Jeffrey 3, 4, 5 15/04/2013 30 2,326,590 9,378 DirectCash Payments Inc. Common Shares Smith, Jeffrey 3, 4, 5 15/04/2013 90 9,236 -19,041 DirectCash Payments Inc. Common Shares Smith, Jeffrey 3, 4, 5 15/04/2013 30 27,992 18,756 DirectCash Payments Inc. Common Shares Thiessen, Leroy Ernest 4 15/04/2013 90 14,826 1,429 DirectCash Payments Inc. Common Shares Thiessen, Leroy Ernest 4 15/04/2013 30 15,503 677 DirectCash Payments Inc. Common Shares Thiessen, Leroy Ernest 4 15/04/2013 90 611 -1,429 DirectCash Payments Inc. Common Shares Thiessen, Leroy Ernest 4 15/04/2013 30 1,966 1,355 DirectCash Payments Inc. Common Shares Wolfe, Kevin Winston 4 15/04/2013 90 22,582 1,429 DirectCash Payments Inc. Common Shares Wolfe, Kevin Winston 4 15/04/2013 30 23,259 677 DirectCash Payments Inc. Common Shares Wolfe, Kevin Winston 4 15/04/2013 90 611 -1,429 DirectCash Payments Inc. Common Shares Wolfe, Kevin Winston 4 15/04/2013 30 1,966 1,355 DirectCash Payments Inc. Common Shares Xu, Jun 5 15/04/2013 90 33,742 2,429 DirectCash Payments Inc. Common Shares Xu, Jun 5 15/04/2013 30 34,628 886 DirectCash Payments Inc. Common Shares Xu, Jun 5 15/04/2013 90 1,039 -2,429 DirectCash Payments Inc. Common Shares Xu, Jun 5 15/04/2013 30 2,811 1,772 Discovery Air Inc. Rights DSU Hibben, Alan Roy 4 31/01/2012 56 2,146 Discovery Air Inc. Rights DSU Hibben, Alan Roy 4 31/01/2012 56 31,595 -2,146 Discovery Air Inc. Rights DSU's RANDELL, Joseph D. 4 31/01/2013 56 52,288 4,494 Dollarama Inc. Options Bekenstein, Joshua 4 11/04/2013 50 4,000 2,000 Dollarama Inc. Options David, Gregory 4 11/04/2013 50 10,000 2,000 Dollarama Inc. Common Shares Gonthier, Stéphane 5 17/04/2013 10 70.969 387,591 -57,800 Dollarama Inc. Common Shares Gonthier, Stéphane 5 17/04/2013 10 70.969 0 -1,100 Dollarama Inc. Common Shares Gonthier, Stéphane 5 17/04/2013 10 70.969 0 -1,100 Dollarama Inc. Options Gonthier, Stéphane 5 11/04/2013 50 90,000 70,000 Dollarama Inc. Options Gunn, Stephen 4 11/04/2013 50 10,000 2,000 Dollarama Inc. Options Nomicos, Nicholas George 4 11/04/2013 50 4,000 2,000

Dollarama Inc. Common Shares Robillard, Geoffrey Peter 5 17/04/2013 90 424,714 -42,500 Dollarama Inc. Common Shares Robillard, Geoffrey Peter 5 17/04/2013 10 71.154 379,508 -45,206 Dollarama Inc. Common Shares Robillard, Geoffrey Peter 5 17/04/2013 10 71.239 450,000 70,492 Dollarama Inc. Common Shares Robillard, Geoffrey Peter 5 08/10/2009 00 Dollarama Inc. Common Shares Robillard, Geoffrey Peter 5 17/04/2013 90 42,500 42,500 Dollarama Inc. Common Shares Robillard, Geoffrey Peter 5 17/04/2013 10 71.154 0 -42,500 Dollarama Inc. Options Roche, Paul 5 11/04/2013 50 23,000 10,000 Dollarama Inc. Common Shares Ross, Michael 5 17/04/2013 51 30,000 30,000 Dollarama Inc. Common Shares Ross, Michael 5 17/04/2013 10 70.75 1,500 -28,500 Dollarama Inc. Common Shares Ross, Michael 5 17/04/2013 10 70.76 1,400 -100 Dollarama Inc. Common Shares Ross, Michael 5 17/04/2013 10 70.79 1,300 -100 Dollarama Inc. Common Shares Ross, Michael 5 17/04/2013 10 70.82 400 -900 Dollarama Inc. Common Shares Ross, Michael 5 17/04/2013 10 70.83 100 -300 Dollarama Inc. Common Shares Ross, Michael 5 17/04/2013 10 70.84 0 -100 Dollarama Inc. Options Ross, Michael 5 11/04/2013 50 180,000 70,000 Dollarama Inc. Options Ross, Michael 5 17/04/2013 51 150,000 -30,000 Dollarama Inc. Options Rossy, Lawrence 4, 5 11/04/2013 50 200,000 150,000 Dollarama Inc. Options Rossy, Neil George 4, 5 11/04/2013 50 90,000 70,000 Dollarama Inc. Options Roy, Richard G 4 11/04/2013 50 4,000 2,000 Dollarama Inc. Options Swidler, John Joseph 4 11/04/2013 50 10,000 2,000 Dollarama Inc. Options Thomas, John Huw 4 11/04/2013 50 6,000 2,000 Dolly Varden Silver Corporation

Common Shares Hecla Mining Company 3 17/04/2013 10 0.18 26,202,919 15,064,700

Dominion Diamond Corporation

Options Common Shares Gannicott, Robert A. 4, 5 17/04/2013 52 26.45 1,526,000 -100,000

DragonWave Inc. Common Shares McDonald, Timothy 3 16/04/2013 10 1.8385 5,632,564 96,494 DragonWave Inc. Common Shares McDonald, Timothy 3 17/04/2013 10 1.8666 5,650,000 17,436 DragonWave Inc. Common Shares McDonald, Timothy 3 18/04/2013 10 1.8924 5,675,000 25,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4491



Acquired/ Disposed

Duluth Metals Limited Common Shares Stock Option Plan

Baker, Vernon C. 5 19/04/2013 50 1.45 1,050,000 200,000


Christopher, Tatum 5 19/04/2013 50 1.45 380,000 80,000


Cowan, Mark 4 19/04/2013 50 1.45 700,000 200,000


Dee, Marvin 5 19/04/2013 50 1.45 475,000 150,000


Dundas, Christopher 4, 5 19/04/2013 50 1.45 1,675,000 450,000


Hall, Mark 7 19/04/2013 50 1.45 420,000 80,000


Jackson, James J. 4 19/04/2013 50 1.45 775,000 300,000


Osborne, Kelly 5 19/04/2013 50 1.45 675,000 175,000


Peterson, Dean Michael 7 19/04/2013 50 1.45 535,000 100,000


Pugsley, Thomas Fraser 4 19/04/2013 50 1.45 750,000 200,000


Sattler, John 4 19/04/2013 50 1.45 525,000 200,000


Simmons, Barry Dodge 4 19/04/2013 50 1.45 925,000 200,000


Smith, Edward 4 19/04/2013 50 1.45 525,000 200,000

Duluth Metals Limited Common Shares Soever, Alar 4 12/04/2013 10 0.35 234,500 14,500 Duluth Metals Limited Common Shares Stock

Option Plan Soever, Alar 4 12/04/2013 51 0.35 690,500 -14,500


Soever, Alar 4 19/04/2013 50 1.45 890,500 200,000


Strazdins, Mara 7 19/04/2013 50 1.45 305,000 80,000

Dunav Resources Ltd. Common Shares Dundee Corporation 3 16/04/2013 10 0.2 8,176,050 10,000 Dundee Corporation Rights Deferred Share

Units Beauchamp, Normand 4 15/04/2013 56 34.81 49,340 143

Dundee Corporation Rights Deferred Share Units

Cooper, Michael 7 15/04/2013 56 34.81 8,004 509


Goodman, David Jason 4, 7 15/04/2013 56 34.81 17,969 509


Goodman, Jonathan Carter 4 15/04/2013 56 34.81 42,440 326


Goodman, Ned 3, 4, 5 15/04/2013 56 34.81 576,879 509


Gordon, Harold P. 4, 5 15/04/2013 56 34.81 310,868 143


Jacob, Ellis 4 15/04/2013 56 28,550 588


lowy, frederick hans 4 15/04/2013 56 34.81 53,181 624


MacRae, Garth A. C. 4, 5 15/04/2013 56 34.81 46,269 143

Dundee Corporation Subordinate Voting Shares Class A

MacRae, Garth A. C. 4, 5 10/04/2013 10 35 424,072 -46,000

Dundee Corporation Subordinate Voting Shares Class A

MacRae, Garth A. C. 4, 5 11/04/2013 10 35 420,000 -4,072


McLeish, Robert 4 15/04/2013 56 34.81 35,627 483


Sinclair, Alistair Murray 4 15/04/2013 56 34.81 2,934 553


Soames, Jeremy 4 15/04/2013 56 34.81 1,005 326


Sparks, Kenneth Barry 4 15/04/2013 56 34.81 21,162 143

Dundee Energy Limited (formerly Eurogas Corporation)

Rights Deferred Share Units

Buntain, Derek Hedley Longworth

4 15/04/2013 56 0.37 119,875 7,670


Common Shares Dundee Corporation 3 10/04/2013 57 0.39 108,993,482 2,454,634



Goodman, Ned 4, 6, 5 15/04/2013 56 0.37 582,437 78,708

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4492



Acquired/ Disposed



Smith, Michael Richard 4 15/04/2013 56 0.37 63,984 7,670

Dundee Industrial Real Estate Investment Trust

Units Sera, Maria Vincenza 4 15/04/2013 10 10.595 10,000 2,500

Dundee Precious Metals Inc. Common Shares Dundee Corporation 3 17/04/2013 10 5.6 30,507,607 127,600

Dundee Precious Metals Inc. Common Shares Dundee Corporation 3 17/04/2013 10 6.18 30,594,607 87,000

Dynacor Gold Mines Inc. Warrants Branchaud, René 4 15/12/2012 55 1.5 0 -10,000 Dynacor Gold Mines Inc. Warrants Demers, Roger 4 15/12/2012 55 1.5 0 -35,000 Dynacor Gold Mines Inc. Warrants Devitre, Richard 4 15/12/2012 55 1.5 0 -15,000 Dynacor Gold Mines Inc. Warrants Duchesne, Johanne 4 15/12/2012 55 1.5 0 -5,000 Dynacor Gold Mines Inc. Warrants Lapalme, Robert 4 15/12/2012 55 1.5 0 -5,000 Dynacor Gold Mines Inc. Warrants Martineau, Jean 4, 5 15/12/2012 55 1.5 0 -10,000 Eaglewood Energy Inc. Common Shares Grad, Stan 4 17/12/2010 15 0.75 110,000 Eaglewood Energy Inc. Common Shares Grad, Stan 4 17/12/2010 15 0.75 867,140 110,000 Eaglewood Energy Inc. Options Grad, Stan 4 22/12/2009 52 100,000 -150,000 Eaglewood Energy Inc. Options Grad, Stan 4 01/10/2012 52 350,000 -100,000 Eaglewood Energy Inc. Warrants Series "A" Grad, Stan 4 20/01/2005 55 0 -100,000 Eaglewood Energy Inc. Warrants Series "B" Grad, Stan 4 20/01/2005 55 0 -100,000 Eastmain Resources Inc. Common Shares BEZEAU, JAMES

LAWRENCE 5 17/04/2013 10 0.45 98,400 4,000

Eastmain Resources Inc. Common Shares BEZEAU, JAMES LAWRENCE

5 19/04/2013 10 0.43 104,400 6,000

easyhome Ltd. Deferred Share Unit Plan Appel, David Harry 4 16/04/2013 30 10 27,619 233

easyhome Ltd. Performance Share Units Atkinson, Richard 5 16/04/2013 30 10 152




easyhome Ltd. Performance Share Units Atkinson, Richard 5 16/04/2013 30 10 76,042 152




easyhome Ltd. Performance Share Units Chung, Janice 8 16/04/2013 30 10 2,784 24

easyhome Ltd. Performance Share Units Goertz, Steve 5 16/04/2013 30 10 114,506 199




easyhome Ltd. Restricted Share Unit Goertz, Steve 5 16/04/2013 30 10 11,741 98 easyhome Ltd. Performance Share Units Guyatt, Jay 8 16/04/2013 30 10 7,346 62

easyhome Ltd. Performance Share Units Ingram, David 4, 5 16/04/2013 30 10 479,323 930

easyhome Ltd. Performance Share Units Ingram, David 4, 5 16/04/2013 30 10 480,390 1,067

easyhome Ltd. Performance Share Units Ingram, David 4, 5 16/04/2013 30 10 481,706 1,316

easyhome Ltd. Performance Share Units Ingram, David 4, 5 16/04/2013 30 10 482,460 754

easyhome Ltd. Deferred Share Unit Plan Johnson, Donald Kenneth 3, 4 16/04/2013 30 10 50,315 427

easyhome Ltd. Deferred Share Unit Plan Lewis, David Andrew 4 16/04/2013 30 10 35,808 302

easyhome Ltd. Performance Share Units Maries, David 5 16/04/2013 30 10 828

easyhome Ltd. Performance Share Units Maries, David 5 16/04/2013 30 10 828

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4493



Acquired/ Disposed

easyhome Ltd. Performance Share Units Maries, David 5 16/04/2013 30 10 97,371 199




easyhome Ltd. Restricted Share Unit Maries, David 5 16/04/2013 30 10 12,861 102 easyhome Ltd. Performance Share Units Mullins, Jason 5 16/04/2013 30 10 72,271 47

easyhome Ltd. Performance Share Units Mullins, Jason 5 16/04/2013 30 10 72,438 167



easyhome Ltd. Deferred Share Unit Plan Thomson, David J. 4 16/04/2013 30 10 5,471 46

easyhome Ltd. Performance Share Units Yeilding, David 5 16/04/2013 30 10 31,834 47




Edleun Group, Inc. Common Shares Vision Capital Corporation 3 10/04/2013 10 0.28 1,348,744 25,000

El Condor Minerals Inc. Common Shares Bader, Michael 4 18/04/2013 10 0.02 300,000 75,000 Eldorado Gold Corporation Common Shares Eldorado Gold Corporation 1 15/04/2013 38 884,924 -34,967

Eldorado Gold Corporation Common Shares Jones, Douglas Matthew 5 12/04/2013 10 7.65 2,700 -7,300

Eldorado Gold Corporation Common Shares Jones, Douglas Matthew 5 15/04/2013 36 22,043 19,343

Eldorado Gold Corporation Restricted Share Units Jones, Douglas Matthew 5 15/04/2013 38 48,186 -11,720

Eldorado Gold Corporation Restricted Share Units Jones, Douglas Matthew 5 15/04/2013 38 47,927 -259

Eldorado Gold Corporation Restricted Share Units Jones, Douglas Matthew 5 15/04/2013 38 40,563 -7,364

Eldorado Gold Corporation Common Shares Lewis, Peter Dubois 5 15/04/2013 36 7.65 13,410 8,598

Eldorado Gold Corporation Restricted Share Units Lewis, Peter Dubois 5 15/04/2013 38 49,945 -8,598

Eldorado Gold Corporation Common Shares Silva, Lincoln 5 15/04/2013 36 7.65 3,996 3,996

Eldorado Gold Corporation Restricted Share Units Silva, Lincoln 5 15/04/2013 38 34,044 -3,996

Eldorado Gold Corporation Options Thomas, Richard Mark 5 11/04/2013 50 8.19 111,955 111,955

Eldorado Gold Corporation Restricted Share Units Thomas, Richard Mark 5 11/04/2013 56 23,239 23,239

Eldorado Gold Corporation Common Shares Woo, Nancy Eugenia 5 15/04/2013 36 42,746 3,030

Eldorado Gold Corporation Restricted Share Units Woo, Nancy Eugenia 5 15/04/2013 38 23,377 -3,030

Eldorado Gold Corporation Common Shares Wright, Paul Nicholas 4, 5 12/04/2013 10 7.47 523,750 16,000



Elgin Mining Inc. (formerly Phoenix Coal Inc.)

Options Dickson, Glen Dale 4 01/05/2012 00 635,000

Elgin Mining Inc. (formerly Phoenix Coal Inc.)

Options Dickson, Glen Dale 4 05/04/2013 50 0.41 735,000 100,000

Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 27/05/2003 00 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 12/04/2013 99 40,250 40,250 Endeavour Mining Corporation

Common Shares Beckett, Michael E. 4, 5 16/04/2013 10 0.966 160,000 10,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4494



Acquired/ Disposed

Endeavour Mining Corporation

Common Shares Carroll, Morgan Denis 5 15/04/2013 10 0.99 73,174 20,000


Common Shares Laing, David Charles 5 16/04/2013 10 0.97 385,793 60,000


Common Shares Milau, christian 5 19/04/2013 10 0.9082 247,548 32,000


Common Shares Woodyer, Neil 4 19/04/2013 10 0.8984 447,127 50,000

EnerCare Inc. (formerly The Consumers' Waterheater Income Fund)

Options Garland, Ross 5 15/04/2013 00


Options Garland, Ross 5 15/04/2013 50 33,010 33,010


Performance Units Garland, Ross 5 15/04/2013 00


Performance Units Garland, Ross 5 15/04/2013 56 4,676 4,676

ENERGY INDEXPLUS Dividend Fund

Trust Units Energy Indexplus Dividend Fund

1 01/04/2013 38 7.8 1,482,995 900



1 03/04/2013 38 7.66 1,485,395 2,400



1 03/04/2013 38 7.69 1,486,395 1,000



1 04/04/2013 38 7.61 1,488,495 2,100



1 05/04/2013 38 7.45 1,488,895 400



1 08/04/2013 38 7.49 1,490,295 1,400



1 09/04/2013 38 7.52 1,491,595 1,300



1 10/04/2013 38 7.65 1,491,995 400



1 11/04/2013 38 7.6 1,492,395 400



1 11/04/2013 38 7.66 1,493,595 1,200



1 12/04/2013 38 7.54 1,495,795 2,200



1 12/04/2013 38 7.55 1,496,795 1,000



1 15/04/2013 38 7.31 1,498,195 1,400



1 15/04/2013 38 7.35 1,499,695 1,500



1 16/04/2013 38 7.34 1,501,195 1,500


Trust Units Lauzon, Robert 7 15/04/2013 10 7.38 7,500 200

Energy Leaders Income Fund

Trust Units Energy Leaders Income Fund

1 15/04/2013 10 500 500



1 15/04/2013 38 0 -500



1 17/04/2013 10 500 500



1 17/04/2013 38 0 -500

Enerplus Corporation Common Shares Fraser, James Berkeley 4 05/04/2013 10 13.48 10,454 3,700 Enerplus Corporation Common Shares Fraser, James Berkeley 4 17/04/2013 10 12.7 13,454 3,000 Enerplus Corporation Common Shares

(Restricted Share Unit Plan ("RSU"))

Walsh, Patrick Scott 5 15/04/2013 57 17.48 0 -4,038

Engineering.com Incorporated

Common Shares Hayes, John Joseph 5 10/04/2013 10 0.015 2,310,000 100,000

Engineering.com Incorporated

Common Shares Hayes, John Joseph 5 11/04/2013 10 0.015 2,371,000 61,000

Entourage Metals Ltd. Common Shares Horsley, Nigel Alexander 8 17/04/2013 10 0.135 87,500 -7,000 Entourage Metals Ltd. Common Shares Sundar, Jeffrey Rohit 4, 5 17/04/2013 10 0.125 1,124,501 1,000 Entourage Metals Ltd. Common Shares Sundar, Jeffrey Rohit 4, 5 17/04/2013 10 0.11 1,126,001 1,500 Entourage Metals Ltd. Common Shares Sundar, Jeffrey Rohit 4, 5 17/04/2013 10 0.11 1,126,501 500

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4495



Acquired/ Disposed

Entourage Metals Ltd. Common Shares Sundar, Jeffrey Rohit 4, 5 17/04/2013 10 0.095 1,127,501 1,000 Entourage Metals Ltd. Common Shares Sundar, Jeffrey Rohit 4, 5 18/04/2013 10 0.1 1,128,501 1,000 ENTREC Corporation Convertible Debentures

7.00% Conv. Unsecured Suboridnated Deb. due Oct. 31, 2017

Lacey, Peter Alan 4 11/04/2013 10 100.95 $20,000 $11,000

Entree Gold Inc. Common Shares Colwill, Bruce 5 15/04/2013 10 0.27 25,700 10,000 Entree Gold Inc. Common Shares Forster, Mona Marie 5 15/04/2013 10 171,374 5,000 Epsilon Energy Ltd. Common Shares Lovoi, John Vincent 3 15/04/2013 10 4.1951 250,300 45,700 Epsilon Energy Ltd. Common Shares Lovoi, John Vincent 3 17/04/2013 10 4.2 333,300 83,000 Esperanza Resources Corp. Common Shares Dickson, Kylie Joanne 5 22/08/2012 00

Esperanza Resources Corp. Common Shares Dickson, Kylie Joanne 5 17/04/2013 10 0.75 10,000 10,000

Esperanza Resources Corp. Common Shares Dickson, Kylie Joanne 5 18/04/2013 10 0.8 20,000 10,000

Esperanza Resources Corp. Common Shares O'Flaherty, Daniel 5 16/04/2013 10 0.85 230,900 4,000

Esperanza Resources Corp. Common Shares O'Flaherty, Daniel 5 16/04/2013 10 0.85 231,900 1,000

Ethos Gold Corp. Common Shares Freeman, Gary Richard 4, 5 11/04/2013 10 0.185 1,698,207 -200,000 Ethos Gold Corp. Options Director and

Employee stock options Wong, Peter Guy 4, 5 17/04/2013 52 0.2 230,000 -100,000

Ethos Gold Corp. Options Director and Employee stock options

Wong, Peter Guy 4, 5 17/04/2013 38 1.15 100,000 -130,000

Etrion Corporation Common Shares Lundin, Ian Henrik 4, 5 10/09/2009 00 Etrion Corporation Common Shares Lundin, Ian Henrik 4, 5 21/01/2013 48 - Acquisition

by inheritance or disposition by bequest

4,248,494 4,248,494

Evertz Technologies Limited Common Shares Pistor, Thomas Vincent 4 16/04/2013 10 16.06 52,300 -5,000

Excellon Resources Inc. Common Shares Excellon Resources Inc. 1 04/04/2013 38 0 -218,500 Excellon Resources Inc. Common Shares Excellon Resources Inc. 1 15/04/2013 38 0.3567 39,000 39,000 Excellon Resources Inc. Common Shares Excellon Resources Inc. 1 16/04/2013 38 0.3797 114,000 75,000 Excellon Resources Inc. Common Shares Excellon Resources Inc. 1 17/04/2013 38 0.3631 150,000 36,000 Excellon Resources Inc. Common Shares Excellon Resources Inc. 1 18/04/2013 38 0.3525 198,000 48,000 Excellon Resources Inc. Common Shares Excellon Resources Inc. 1 19/04/2013 38 0.3402 273,000 75,000 Exchange Income Corporation

Deferred Share Plan Bennett, Brad 4 27/02/2013 56 28.05 2,123 963

Exchange Income Corporation

Deferred Share Plan Buckley, Gary 4 27/02/2013 56 28.05 2,123 963


Common Shares Filmon, Gary 4 20/01/2012 90 0 -3,446


Common Shares Filmon, Gary 4 31/12/2012 30 24.68 41,734 3,162


Common Shares Filmon, Gary 4 20/01/2012 90 3,446 3,446


Common Shares Filmon, Gary 4 31/12/2012 30 24.68 3,675 229


Deferred Share Plan Filmon, Gary 4 27/02/2013 56 28.05 3,892 1,766


Deferred Share Plan Jessiman, Duncan Draper 4 27/02/2013 56 28.05 25,929 6,423


Deferred Share Plan Kraayeveld, Serena 4 27/02/2013 56 28.05 2,123 963


Deferred Share Plan Peter, Carmele 5 12/11/2012 00


Deferred Share Plan Peter, Carmele 5 27/02/2013 56 28.05 3,568 3,568


Deferred Share Plan Pyle, Michael 4 27/02/2013 56 28.05 51,710 21,261


Deferred Share Plan Sparrow, Darwin 7 27/02/2013 56 28.05 8,523 2,498


Deferred Share Plan Streuber, Donald 4 27/02/2013 56 28.05 2,123 963


Deferred Share Plan Swistun, Michael 5 15/11/2011 00


Deferred Share Plan Swistun, Michael 5 27/02/2013 56 28.05 535 535

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4496



Acquired/ Disposed


Deferred Share Plan Terwin, Adam 5 27/02/2013 56 28.05 33,828 5,888


Deferred Share Plan Warkentin, Edward 4 27/02/2013 56 28.05 2,123 963

Exeter Resource Corporation Options Simpson, Yale Ronald 4 11/03/2013 50 1.2 1,612,500 300,000

Exeter Resource Corporation Common Shares Zerb, Wendell Miles 5 15/04/2013 10 1 45,000 5,000

Exeter Resource Corporation Common Shares Zerb, Wendell Miles 5 17/04/2013 10 0.95 50,000 5,000

EXFO Inc. (formerly know as EXFO Electro-Optical Engineering Inc.)

Subordinate Voting Shares

EXFO Inc. 1 12/04/2013 38 4.8654 2,600 2,600



EXFO Inc. 1 12/04/2013 38 4.8654 0 -2,600



EXFO Inc. 1 12/04/2013 38 4.788 500 500



EXFO Inc. 1 12/04/2013 38 4.788 0 -500



EXFO Inc. 1 15/04/2013 38 4.7412 1,700 1,700



EXFO Inc. 1 15/04/2013 38 4.7412 0 -1,700



EXFO Inc. 1 15/04/2013 38 4.6858 1,200 1,200



EXFO Inc. 1 15/04/2013 38 4.6858 0 -1,200



EXFO Inc. 1 16/04/2013 38 4.7885 2,400 2,400



EXFO Inc. 1 16/04/2013 38 4.7885 0 -2,400



EXFO Inc. 1 17/04/2013 38 4.9448 3,300 3,300



EXFO Inc. 1 17/04/2013 38 4.9448 0 -3,300



EXFO Inc. 1 17/04/2013 38 4.833 5,500



EXFO Inc. 1 17/04/2013 38 4.833 5,500 5,500



EXFO Inc. 1 17/04/2013 38 4.833 0 -5,500

EXPLOR RESOURCES INC. Common Shares Dupont, Chris 4, 5 19/04/2013 10 0.05 1,793,659 20,000

EXPLOR RESOURCES INC. Common Shares Dupont, Chris 4, 5 19/04/2013 10 0.055 1,873,659 80,000

F.D.G. Mining Inc. Common Shares 0847473 B.C. Ltd. 3 16/04/2013 00 17,957,680 F.D.G. Mining Inc. Options Bamber, Marc Turlough 4 06/11/2012 50 350,000 F.D.G. Mining Inc. Options Bamber, Marc Turlough 4 03/04/2013 50 100,000 F.D.G. Mining Inc. Options Bamber, Marc Turlough 4 06/11/2012 50 350,000 350,000 F.D.G. Mining Inc. Options Bamber, Marc Turlough 4 06/11/2012 00 F.D.G. Mining Inc. Options Bamber, Marc Turlough 4 03/04/2013 50 450,000 100,000 F.D.G. Mining Inc. Common Shares Bell, Robert 4, 5 16/04/2013 00 F.D.G. Mining Inc. Options Mann, Ian Hollis 4 03/04/2013 50 450,000 100,000 F.D.G. Mining Inc. Options Ponte, Antonio 4, 5 22/03/2013 00 F.D.G. Mining Inc. Options Ponte, Antonio 4, 5 03/04/2013 50 1,700,000 1,700,000 F.D.G. Mining Inc. Options Tucker, Terry Lee 4 27/02/2013 00 F.D.G. Mining Inc. Options Tucker, Terry Lee 4 03/04/2013 50 950,000 950,000 Focus Graphite Inc. Common Shares York, Jeffrey 3 18/04/2013 10 0.52 4,514,633 20,000 Focused Capital Corp. Common Shares Dundee Corporation 3 10/04/2013 38 2,000,000 -2,000,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4497



Acquired/ Disposed

Fort St. James Nickel Corp. Common Shares Mitton, Gerald Alexander 3 18/04/2013 10 0.025 1,091,625 12,000

Fortis Inc. Common Shares Spinney, James 5 16/04/2013 51 22.29 23,260 2,597 Fortis Inc. Common Shares Spinney, James 5 16/04/2013 51 27.36 26,207 2,947 Fortis Inc. Options Spinney, James 5 16/04/2013 51 22.29 35,033 -2,597 Fortis Inc. Options Spinney, James 5 16/04/2013 51 27.36 32,086 -2,947 Fortress Paper Ltd. Rights Deferred Share

Units Coleman, John 4 12/04/2013 56 7.91 9,111 410

Fortress Paper Ltd. Rights Deferred Share Units

Nemeth, Joe 4 12/04/2013 56 7.91 9,000 5,467


Tornare, Roland 4 12/04/2013 56 7.91 9,031 410


Whittall, Richard O'Connor 4 12/04/2013 56 7.91 13,112 821

Foundation Resources Inc. Common Shares Girling, W. Barry 4 17/04/2013 10 0.025 1,874,000 100,000

Freehold Royalties Ltd. Common Shares Canadian National Railway Company, Administrator of the CN Trust Funds

3 15/04/2013 30 22.11 3,961,816 24,928

Gabriel Resources Ltd. Options Brown, Richard Paul 5 18/04/2013 50 1.76 1,135,000 250,000 Gabriel Resources Ltd. Options Henry, Jonathan 4, 5 18/04/2013 50 1.76 3,694,167 500,000 Gabriel Resources Ltd. Options Suciu, Nicolae Gruia 5 18/04/2013 50 1.76 709,722 75,000 Gabriel Resources Ltd. Options Tanase, Dragos 5 18/04/2013 50 1.76 1,741,444 250,000 Gabriel Resources Ltd. Options Vaughan, Maxwell Lucas 5 18/04/2013 50 1.76 1,243,333 400,000 Galway Metals Inc. Common Shares Hinchcliffe, Robert 4, 5 16/04/2013 10 0.03 5,321,650 77,000 Galway Metals Inc. Common Shares Hinchcliffe, Robert 4, 5 17/04/2013 10 0.03 5,411,650 90,000 Galway Metals Inc. Common Shares Hinchcliffe, Robert 4, 5 18/04/2013 10 0.03 5,438,650 27,000 Galway Metals Inc. Common Shares Hinchcliffe, Robert 4, 5 18/04/2013 10 0.03 5,453,650 15,000 Genivar Inc. Common Shares Caisse de dépôt et

placement du Québec 3 15/04/2013 35 23.47 7,881,545 123,949

Genivar Inc. Common Shares Canada Pension Plan Investment Board

3 15/04/2013 35 8,249 129

Genivar Inc. Common Shares Canada Pension Plan Investment Board

3 15/04/2013 35 7,881,545 123,949

Gildan Activewear Inc. Common Shares Caisse de dépôt et placement du Québec

3 16/04/2013 10 39.7 13,033,502 100,000


3 16/04/2013 10 39.69 13,193,202 159,700


3 16/04/2013 10 39.73 13,243,202 50,000


3 17/04/2013 10 40.02 13,313,202 70,000


3 17/04/2013 10 39.7 13,363,202 50,000


3 17/04/2013 10 39.95 13,399,102 35,900


3 18/04/2013 10 39.98 13,593,202 194,100


3 19/04/2013 10 40.42 13,623,402 30,200

Gildan Activewear Inc. Common Shares Chamandy, Glenn J. 4, 5 15/04/2013 30 39.103 8,113,820 -30,473 Gildan Activewear Inc. Common Shares Chamandy, Glenn J. 4, 5 16/04/2013 30 38.936 8,077,820 -36,000 Gildan Activewear Inc. Common Shares Chamandy, Glenn J. 4, 5 17/04/2013 30 38.988 8,041,820 -36,000 Gildan Activewear Inc. Common Shares Chamandy, Glenn J. 4, 5 18/04/2013 30 38.927 8,005,820 -36,000 Gildan Activewear Inc. Common Shares Chamandy, Glenn J. 4, 5 19/04/2013 30 39.219 7,969,820 -36,000 Giyani Gold Corp. Common Shares Parnham, Duane 4, 5 15/04/2013 10 0.6907 6,111,907 27,500 Global Dividend Growers Income Fund

Trust Units Brasseur, Jeremy 6 12/04/2013 10 9.952 32,000 -2,500

Global Dividend Growers Income Fund

Trust Units Brasseur, Jeremy 6 15/04/2013 10 10 31,000 -1,000

Global Dividend Growers Income Fund

Trust Units Brasseur, Jeremy 6 17/04/2013 10 9.92 26,000 -5,000

Global SeaFarms Corporation

Common Shares de Catégorie A

McDonald, William Cameron

4, 6, 5 17/04/2013 10 0.18 59,000 5,000

Gold Canyon Resources Inc. Options Schmitz, Ron A. 5 18/04/2013 52 3.5 750,000 -500,000

Gold Hawk Resources Inc. Options Tardif, Michel 4 28/08/2008 50 100,000 Gold Hawk Resources Inc. Options Tardif, Michel 4 28/08/2008 50 0.065 100,000 Gold Hawk Resources Inc. Options Tardif, Michel 4 28/08/2008 50 0.065 100,000 Gold Hawk Resources Inc. Options Tardif, Michel 4 21/04/2009 50 250,000 Gold Hawk Resources Inc. Options Tardif, Michel 4 21/04/2009 50 250,000 Gold Hawk Resources Inc. Options Tardif, Michel 4 17/12/2009 37 -648,000 Gold Hawk Resources Inc. Options Tardif, Michel 4 17/12/2009 37 -305,280

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4498



Acquired/ Disposed

Gold Hawk Resources Inc. Options Tardif, Michel 4 17/12/2009 37 6,000 -312,000 Gold Hawk Resources Inc. Options Tardif, Michel 4 19/10/2010 50 30,000 Gold Hawk Resources Inc. Options Tardif, Michel 4 19/10/2010 50 30,000 Gold Hawk Resources Inc. Options Tardif, Michel 4 29/03/2011 50 1.9 75,000 Gold Hawk Resources Inc. Options Tardif, Michel 4 29/03/2011 50 1.9 75,000 Gold Standard Ventures Corp.

Common Shares Awde, Jonathan Charles Timothy

4, 6, 5 17/04/2013 10 0.72 960,400 5,000

Gold Standard Ventures Corp.


4, 6, 5 17/04/2013 10 0.76 965,400 5,000



4, 6, 5 17/04/2013 10 0.78 968,400 3,000



4, 6, 5 17/04/2013 10 0.79 971,900 3,500



4, 6, 5 17/04/2013 10 0.8 972,400 500



4, 6, 5 17/04/2013 10 0.84 975,400 3,000



4, 6, 5 17/04/2013 10 0.85 975,900 500



4, 6, 5 17/04/2013 10 0.86 976,400 500



4, 6, 5 17/04/2013 10 0.87 977,400 1,000



4, 6, 5 18/04/2013 10 0.64 979,900 2,500



4, 6, 5 18/04/2013 10 0.65 981,400 1,500



4, 6, 5 18/04/2013 10 0.66 1,001,400 20,000



4, 6, 5 18/04/2013 10 0.72 1,002,400 1,000


Common Shares Mathewson, David 4, 5 17/04/2013 10 0.7286 1,279,600 100














Common Shares Mathewson, David 4, 5 17/04/2013 10 0.7286 1,285,500 4,800
















Common Shares Waldkirch, Michael 5 19/04/2013 10 0.7 787,750 20,000

Golden Reign Resources Ltd.

Common Shares Conlon, John 4 16/04/2013 10 0.315 5,684,811 20,000





Golden Share Mining Corporation

Options Baril, Florent 4 16/04/2013 52 0.15 200,000 -200,000


Options Corrans, Roy 4 16/04/2013 52 0.15 200,000 -200,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4499



Acquired/ Disposed


Options Gauthier, Isabelle 5 16/04/2013 52 0.15 400,000 -300,000


Options Giaro, Philippe 4, 5 16/04/2013 52 0.15 1,075,000 -975,000


Options Huss, Laurence 5 16/04/2013 52 0.15 400,000 -300,000

Golden Star Resources Ltd. Deferred Share Units Askew, James 4 15/04/2013 56 1.5408 88,962 17,847

Golden Star Resources Ltd. Deferred Share Units BAKER, TIMOTHY CLIVE 4 01/01/2013 00

Golden Star Resources Ltd. Deferred Share Units BAKER, TIMOTHY CLIVE 4 15/04/2013 56 1.5408 27,582 27,582

Golden Star Resources Ltd. Options Coetzer, Samuel Theodorus 4, 5 28/02/2013 50 1,252,540 512,540

Golden Star Resources Ltd. Rights Share Appreciation Rights

Coetzer, Samuel Theodorus 4, 5 28/02/2013 56 612,190 384,917

Golden Star Resources Ltd. Deferred Share Units Doyle, Robert Emmet 4 15/04/2013 56 1.5408 108,196 17,847

Golden Star Resources Ltd. Options Higson-Smith, Bruce 5 28/02/2013 50 860,932 240,156


Higson-Smith, Bruce 5 28/02/2013 56 286,418 180,357

Golden Star Resources Ltd. Deferred Share Units Jensen, Tony 4 15/04/2013 56 1.5408 51,866 17,847

Golden Star Resources Ltd. Deferred Share Units MacGregor, Ian 4 15/04/2013 56 1.5408 88,962 17,847

Golden Star Resources Ltd. Deferred Share Units Nelsen, Craig Joseph 4 15/04/2013 56 1.5408 106,500 17,847

Golden Star Resources Ltd. Options Owiredu, Daniel 5 28/02/2013 50 922,409 232,067


Owiredu, Daniel 5 01/01/2013 00


Owiredu, Daniel 5 28/02/2013 56 174,282 174,282

Golden Star Resources Ltd. Deferred Share Units Thompson, Chris M 4 15/04/2013 56 1.5408 118,828 8,923

Golden Star Resources Ltd. Options Wasel, Steven Mitchell 5 28/02/2013 50 588,708 139,708


Wasel, Steven Mitchell 5 28/02/2013 56 174,617 104,920

Goldspike Exploration Inc. Common Shares Durham, Robert Bruce 4, 5 16/04/2013 10 0.06 3,042,001 5,000 Goldspike Exploration Inc. Common Shares Durham, Robert Bruce 4, 5 17/04/2013 10 0.06 3,047,001 5,000 Goldspike Exploration Inc. Common Shares Durham, Robert Bruce 4, 5 18/04/2013 10 0.06 3,052,001 5,000 Goldspike Exploration Inc. Common Shares Durham, Robert Bruce 4, 5 19/04/2013 10 0.05 3,065,001 13,000 Goldspike Exploration Inc. Common Shares Durham, Robert Bruce 4, 5 19/04/2013 10 0.06 3,070,001 5,000 Goldspike Exploration Inc. Common Shares Durham, Robert Bruce 4, 5 19/04/2013 10 0.065 3,075,001 5,000 GoldTrain Resources Inc. Warrants $0.10 expiring

April 19, 2013 Smeenk, Frank Cornelius 6 19/04/2013 55 0 -540,000

Granite Real Estate Inc. (Formerly MI Developments Inc.)

Deferred Share Units Brody, Michael Lawrence 4 15/04/2013 35 39.27 7,505 33


Deferred Share Units Dey, Peter James 4 15/04/2013 35 39.27 12,250 54


Deferred Share Units Gilbertson, Barry Gordon 4 15/04/2013 35 39.27 7,966 35


Deferred Share Units Miller, Gerald 4 15/04/2013 35 39.27 6,203 27


Deferred Share Units Oran, Scott 4 15/04/2013 35 39.27 7,883 35


Deferred Share Units Voorheis, George Wesley Thomas

4 15/04/2013 35 39.27 19,975 88

Granite REIT Inc. Restricted Share Units De Aragon, John 5 15/04/2013 35 39.27 15,117 66 Granite REIT Inc. Restricted Share Units Forsayeth, Michael Peter 5 15/04/2013 35 39.27 5,122 23 Granite REIT Inc. Restricted Share Units Heslip, Thomas Hugh 4, 5 15/04/2013 35 39.27 37,163 164 Granite REIT Inc. Restricted Share Units KUMER, LORNE 5 15/04/2013 35 39.27 2,561 11 Granite REIT Inc. Restricted Share Units Tindale, Jennifer Sara 5 15/04/2013 35 39.27 2,561 11 Great Canadian Gaming Corporation

Units Deferred Shares Beaudin, Earnest Charles 4 01/04/2013 56 9.33 669

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4500



Acquired/ Disposed

Great Canadian Gaming Corporation

Units Deferred Shares Beaudin, Earnest Charles 4 01/04/2013 56 9.33 54,070 670

Great Canadian Gaming Corporation

Common Shares McLeod, Ross John 3, 4, 6, 5 09/04/2013 10 9.05 33,700 -209,998

Great Panther Silver Limited Common Shares Garnett, Robert Watt 4 04/05/2011 00

Great Panther Silver Limited Common Shares Garnett, Robert Watt 4 10/04/2013 10 1.1107 5,000 5,000

Green Swan Capital Corp. Common Shares Ressources Melkior inc. 3 19/04/2013 10 0.03 1,800,000 -200,000 Greenbank Capital Inc. Common Shares Wettreich, Daniel 4, 5 16/04/2013 00 8,229,571 Greenbank Capital Inc. Common Shares Wettreich, Daniel 4, 5 16/04/2013 00 1,556,420 Greenbank Capital Inc. Common Shares White, Scott Fulton 4 16/04/2013 00 105,058 Guardian Capital Group Limited


Guardian Capital Group Limited

1 15/04/2013 10 13.4 185,100 120,000



Larose, Denis Albert 7 10/04/2013 10 13.5 2,100 100



Larose, Denis Albert 7 11/04/2013 10 13.499 3,000 900

Guyana Goldfields Inc. Options Ferry, Alan 4 14/04/2013 52 190,000 -50,000 HealthLease Properties Real Estate Investment Trust

Trust Units Beirnes, David William 4 11/04/2013 10 10.35 12,500 2,500

HealthLease Properties Real Estate Investment Trust

Trust Units Labatte, Neil Joseph 4 11/04/2013 10 10.35 20,000 10,000


Trust Units Mainstreet Property Group, LLC

3 21/06/2012 00


Trust Units Mainstreet Property Group, LLC

3 11/04/2013 10 10.35 19,400 19,400


Trust Units Salter, Michael 4 11/04/2013 10 10.35 8,000 3,000


Trust Units Tammer, Aida Evelyn 4 11/04/2013 10 10.35 15,000 7,500

Hi Ho Silver Resources Inc. Common Shares McKnight, Dennis Harry 4 16/04/2013 10 0.035 1,592,992 30,000

Hi Ho Silver Resources Inc. Common Shares McKnight, Dennis Harry 4 16/04/2013 10 0.04 1,697,992 105,000

High 5 Ventures Inc. Common Shares Kalpakian, Isabel A 3 12/04/2013 10 0.21 792,046 -20,000 High 5 Ventures Inc. Common Shares Kalpakian, Isabel A 3 12/04/2013 10 0.23 772,046 -20,000 High North Resources Ltd. Common Shares Schoch, Arn 4 22/02/2013 00 High North Resources Ltd. Common Shares Schoch, Arn 4 22/02/2013 00 High North Resources Ltd. Common Shares Schoch, Arn 4 11/03/2013 16 0.115 1,000,000 1,000,000 High North Resources Ltd. Common Shares Warrants Schoch, Arn 4 22/02/2013 00

High North Resources Ltd. Common Shares Warrants Schoch, Arn 4 11/03/2013 16 0.155 500,000 500,000

Hillcrest Resources Ltd. Common Shares Currie, Donald James 4, 5 16/04/2013 10 0.045 1,229,000 10,000 Hillcrest Resources Ltd. Common Shares Currie, Donald James 4, 5 19/04/2013 10 0.045 1,244,000 15,000 Holloway Lodging Corporation

Common Shares Holloway Lodging Corporation

1 31/12/2012 00

Holloway Lodging Corporation


1 03/04/2013 30 3.61 15,000 15,000



1 04/04/2013 30 3.62 20,200 5,200



1 04/04/2013 30 3.6 30,000 9,800



1 04/04/2013 30 3.565 130,000 100,000



1 08/04/2013 30 3.53 265,800 135,800



1 15/04/2013 30 3.56 665,800 400,000

HOUSTON LAKE MINING INC.

Common Shares Walker, Reginald Frank 3, 4 12/04/2013 10 0.06 3,334,121 425,000


Common Shares Walker, Reginald Frank 3, 4 12/04/2013 10 0.06 6,558,046 2,650,000


Common Shares Walker, Reginald Frank 3, 4 23/07/2003 00

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4501



Acquired/ Disposed


Common Shares Walker, Reginald Frank 3, 4 12/04/2013 10 0.06 425,000 425,000


Warrants Walker, Reginald Frank 3, 4 12/04/2013 53 0.1 425,000 425,000


Warrants Walker, Reginald Frank 3, 4 23/07/2003 00


Warrants Walker, Reginald Frank 3, 4 12/04/2013 53 0.1 2,650,000 2,650,000


Warrants Walker, Reginald Frank 3, 4 23/07/2003 00


Warrants Walker, Reginald Frank 3, 4 12/04/2013 53 0.1 425,000 425,000

HudBay Minerals Inc. Rights Share Units Benavides, Roque Eduardo 4 28/03/2013 30 3,330 33

HudBay Minerals Inc. Rights Share Units Benavides, Roque Eduardo 4 15/04/2013 56 4,932 1,602

HudBay Minerals Inc. Rights Share Units Goodman, Thomas Andrew 4 28/03/2013 30 59,617 33

HudBay Minerals Inc. Rights Share Units Goodman, Thomas Andrew 4 15/04/2013 56 61,219 1,602

HudBay Minerals Inc. Rights Share Units Hibben, Alan Roy 4 28/03/2013 30 52,911 538 HudBay Minerals Inc. Rights Share Units Hibben, Alan Roy 4 15/04/2013 56 57,000 4,089 HudBay Minerals Inc. Rights Share Units HOLMES, WARREN 4 28/03/2013 30 115,181 1,171 HudBay Minerals Inc. Rights Share Units HOLMES, WARREN 4 15/04/2013 56 119,401 4,220 HudBay Minerals Inc. Rights Share Units Knowles, John Lewis 4 28/03/2013 30 42,797 435 HudBay Minerals Inc. Rights Share Units Knowles, John Lewis 4 15/04/2013 56 46,402 3,605 HudBay Minerals Inc. Rights Share Units Lenczner, Alan John 4 28/03/2013 30 21,029 213 HudBay Minerals Inc. Rights Share Units Lenczner, Alan John 4 15/04/2013 56 22,631 1,602 HudBay Minerals Inc. Rights Share Units Stowe, Kenneth George 4 28/03/2013 30 11,039 112 HudBay Minerals Inc. Rights Share Units Stowe, Kenneth George 4 15/04/2013 56 12,641 1,602 HudBay Minerals Inc. Rights Share Units Voorheis, George Wesley

Thomas4 28/03/2013 30 111,484 1,134

HudBay Minerals Inc. Rights Share Units Voorheis, George Wesley Thomas

4 15/04/2013 56 120,698 9,214

Huntingdon Capital Corp. Common Shares Huntingdon Capital Corp. 1 17/04/2013 38 12.688 464,861 1,541 Huntingdon Capital Corp. Common Shares Huntingdon Capital Corp. 1 19/04/2013 38 12.65 465,261 400 Huntingdon Capital Corp. Common Shares Huntingdon Capital Corp. 1 19/04/2013 38 12.95 1,941 -463,320 IGM Financial Inc. Common Shares MacDonald, Robert 7 12/04/2013 00 225 Imvescor Restaurant Group Inc.

Common Shares Friesen, Kevin James 5 15/04/2013 10 1.45 33,227 6,900

Imvescor Restaurant Group Inc.

Common Shares Richard, Denis 4 16/04/2013 11 1.35 136,053 113,636


Warrants Richard, Denis 4 16/03/2011 00


Warrants Richard, Denis 4 16/04/2013 11 0.85 113,636 113,636

In-Touch Survey Systems Ltd.

Common Shares Watt, Cameron James 5 16/04/2013 10 0.28 178,700 10,000





Indexplus Income Fund Trust Units IndexPlus Income Fund 1 01/04/2013 38 12.55 31,441,688 600 Indexplus Income Fund Trust Units IndexPlus Income Fund 1 02/04/2013 38 12.59 31,443,088 1,400 Indexplus Income Fund Trust Units IndexPlus Income Fund 1 03/04/2013 38 12.53 31,443,888 800 Indexplus Income Fund Trust Units IndexPlus Income Fund 1 04/04/2013 38 12.38 31,444,688 800 Indexplus Income Fund Trust Units IndexPlus Income Fund 1 05/04/2013 38 12.2 31,444,888 200 Indexplus Income Fund Trust Units IndexPlus Income Fund 1 09/04/2013 38 12.4 31,444,988 100 Indexplus Income Fund Trust Units IndexPlus Income Fund 1 10/04/2013 38 12.5 31,445,388 400 Indexplus Income Fund Trust Units IndexPlus Income Fund 1 15/04/2013 38 12.22 31,446,388 1,000 Infinity Minerals Corp. Common Shares Riccio, Luca 4 18/04/2013 11 300,000 100,000 Innergex Renewable Energy Inc.

Common Shares Caisse de dépôt et placement du Québec

3 15/04/2013 35 9.64 9,905,393 74,513

Innovative Composites International Inc.

Options Ball, Terry Lewis 4, 5 14/09/2012 50 0.19 2,040,000 184,000


Options Greiss, Sami K. 4, 5 14/09/2012 50 0.19 836,000 136,000


Options Loran, James 5 19/11/2012 00 400,000

Inovalis Real Estate Investment Trust

Units Amine, Stéphane 4 10/04/2013 00 267,000


Units Argiros, Daniel 4 10/04/2013 00 25,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4502



Acquired/ Disposed


Units Cohen, Jean-Daniel 4 10/04/2013 00 100,000


Units Inovalis S. A. 3 10/04/2013 00 1,166,667


Units Zakuta, Michael Aaron 4 10/04/2013 00 6,000







Inspiration Mining Corporation

Common Shares Miller, David Randall 4, 7, 5 12/04/2013 10 0.11 3,995,627 80,000

Inspiration Mining Corporation

Common Shares Miller, David Randall 4, 7, 5 15/04/2013 10 0.11 4,015,627 20,000

Intact Financial Corporation Deferred Share Units for Directors

Cantor, Paul George Samuel

4 15/04/2013 46 62.78 270


Cantor, Paul George Samuel

4 15/04/2013 46 62.78 8,767 283


crispin, robert william 4 15/04/2013 46 62.78 6,168 99


Mercier, Eileen Ann 4 15/04/2013 46 62.78 8,993 148

Intact Financial Corporation Common Shares Penner, Timothy Herbert 4 15/04/2013 46 62.339 6,498 165


roy, louise 4 15/04/2013 46 62.78 7,690 283

Intact Financial Corporation Common Shares Snyder, Stephen Gregory 4 15/04/2013 46 62.339 25,703 191


Stephenson, Carol M. 4 15/04/2013 46 62.78 10,837 283

Intelimax Media Inc. Common Shares Young, Michael Louis 4 11/04/2013 10 0.1 1,900,302 -50,000 Intelimax Media Inc. Common Shares Young, Michael Louis 4 12/04/2013 10 0.12 1,892,302 -8,000 Intelimax Media Inc. Common Shares Young, Michael Louis 4 15/04/2013 10 0.12 1,875,302 -17,000 Intelimax Media Inc. Common Shares Young, Michael Louis 4 16/04/2013 10 0.13 1,845,302 -30,000 INTELLIPHARMACEUTICS INTERNATIONAL INC.

Options Allport, John Newell 4, 5 14/04/2013 50 1.81 275,000 25,000

INTELLIPHARMACEUTICS INTERNATIONAL INC.

Options Keirstead, Kenneth 4 16/04/2013 50 1.81 65,000 25,000


Options Madhani, Bahadur 4 14/04/2013 50 1.81 65,000 25,000


Options Odidi, Amina 4, 5 16/04/2013 50 1.81 3,138,940 75,000


Options Odidi, Isa 4, 5 16/04/2013 50 1.81 3,138,940 75,000


Options Rampertab, Shameze 5 14/04/2013 50 125,000 25,000


Options Smith, Eldon 4 14/04/2013 50 1.81 65,000 25,000


Options Yat, Patrick Najum 5 16/04/2013 50 1.81 65,000 15,000

International Minerals Corporation

Common Shares Bianchi, Gabriel 4 17/04/2013 51 1.8 345,350 50,000

International Minerals Corporation

Options Bianchi, Gabriel 4 17/04/2013 51 1.8 115,000 -50,000

International Northair Mines Ltd.

Common Shares Nowak, Brenda Ruth 5 15/01/2007 00

International Northair Mines Ltd.

Common Shares Nowak, Brenda Ruth 5 10/04/2013 10 10,000 10,000

InterOil Corporation Rights Performance Share Units

Applegate, Geoffrey David 5 04/12/2012 56 1,252 1,252


Applegate, Geoffrey David 5 10/01/2013 56 1,252


Applegate, Geoffrey David 5 10/01/2013 57 2,500 -1,252

Jourdan Resources Inc. Common Shares Dehn, Michael Alexander 4, 5 12/04/2013 10 0.05 1,239,500 24,500 Jourdan Resources Inc. Common Shares Dehn, Michael Alexander 4, 5 15/04/2013 10 0.05 1,254,500 15,000 Jourdan Resources Inc. Common Shares Wallace, Stephen 5 15/04/2013 10 0.045 187,000 26,000 Jovian Capital Corporation Common Shares Employee Share Purchase

Plan1 08/04/2013 30 7.25 32,808 200

Jovian Capital Corporation Rights MacRae, Melvin Angus 4 16/04/2013 56 7.3274 11,786 299

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4503



Acquired/ Disposed

Jovian Capital Corporation Rights Moeller, Larry G. 4 16/04/2013 56 7.3274 11,297 299

Jovian Capital Corporation Rights Nelson, Derek 8, 4, 7 16/04/2013 56 7.3274 11,786 299

Jovian Capital Corporation Rights Paré, Laurie Maurice 4 16/04/2013 56 21,459 435

Jovian Capital Corporation Rights Penny, Donald Henry 4 16/04/2013 56 7.3274 32,735 640

Jura Energy Corporation Options Akerfeldt, Stephen Carl 4 16/04/2013 50 187,342 50,000 Jura Energy Corporation Options Al Junaidy, Hussain

Mahyoob Sultan 4 25/02/2013 00

Jura Energy Corporation Options Al Junaidy, Hussain Mahyoob Sultan

4 16/04/2013 50 200,000 200,000

Jura Energy Corporation Options Ashfaq, Shahzad Fakhar 4 11/07/2012 00 Jura Energy Corporation Options Ashfaq, Shahzad Fakhar 4 16/04/2013 50 50,000 50,000 Jura Energy Corporation Options Elliott, Timothy M. 4 16/04/2013 50 190,729 75,000 Jura Energy Corporation Options Farooq, Muhammad

Nadeem5 11/07/2012 00

Jura Energy Corporation Options Farooq, Muhammad Nadeem

5 16/04/2013 50 100,000 100,000

Jura Energy Corporation Options Garner, Graham S. 4, 7, 5 16/04/2013 50 575,000 100,000 Jura Energy Corporation Options Hameed, Shahid 4, 5 11/07/2012 00 Jura Energy Corporation Options Hameed, Shahid 4, 5 16/04/2013 50 200,000 200,000 Jura Energy Corporation Options Kazmi, Syed Hasan Akbar 4, 6, 7 24/09/2012 00 Jura Energy Corporation Options Kazmi, Syed Hasan Akbar 4, 6, 7 16/04/2013 50 200,000 200,000 Jura Energy Corporation Common Shares Smith, Stephen Christopher 4 12/04/2013 10 0.32 478,752 22,000

Jura Energy Corporation Options Smith, Stephen Christopher 4 11/07/2012 00

Jura Energy Corporation Options Smith, Stephen Christopher 4 16/04/2013 50 300,000 300,000

Karnalyte Resources Inc. Common Shares Macgillivray, Robert Terrence

5 07/12/2010 00

Karnalyte Resources Inc. Common Shares Macgillivray, Robert Terrence

5 12/04/2013 10 7.7 1,000 1,000

Kennady Diamonds Inc. Common Shares Desmond, Dermot Fachtna 3 07/11/2012 11 1.15 3,595,348 434,783

Kettle River Resources Ltd. Common Shares Clements, Ellen 6 12/04/2013 10 0.03 4,457,573 50,000

Kinross Gold Corporation Common Shares Power, Una Marie 4 03/04/2013 00 Kiska Metals Corporation Common Shares Weber, Jason Shawn 4, 5 12/04/2013 10 0.08 159,580 4,000 Kiska Metals Corporation Common Shares Weber, Jason Shawn 4, 5 15/04/2013 10 0.065 164,340 4,760 Klondex Mines Ltd. Common Shares Doolin, Michael Benjamin

Jr.7 16/04/2013 10 1.03 10,100 9,600

Klondex Mines Ltd. Common Shares Doolin, Michael Benjamin Jr.

7 16/04/2013 10 1.0284 10,600 500

Klondex Mines Ltd. Common Shares Doolin, Michael Benjamin Jr.

7 17/04/2013 10 1.08 30,866 20,266

Klondex Mines Ltd. Common Shares Pountney, Glenn 3 15/04/2013 10 0.94 7,205,400 2,300 Klondex Mines Ltd. Common Shares Pountney, Glenn 3 15/04/2013 10 0.96 7,208,400 3,000 Klondex Mines Ltd. Common Shares Pountney, Glenn 3 15/04/2013 10 0.98 7,210,400 2,000 Klondex Mines Ltd. Common Shares Pountney, Glenn 3 15/04/2013 10 1 7,215,400 5,000 Klondex Mines Ltd. Common Shares Pountney, Glenn 3 15/04/2013 10 1.01 7,220,400 5,000 Klondex Mines Ltd. Common Shares Pountney, Glenn 3 15/04/2013 10 1.03 7,223,400 3,000 Klondex Mines Ltd. Common Shares Pountney, Glenn 3 17/04/2013 10 0.97 7,228,400 5,000 Klondex Mines Ltd. Common Shares Pountney, Glenn 3 17/04/2013 10 1 7,233,400 5,000 Klondex Mines Ltd. Common Shares Pountney, Glenn 3 18/04/2013 10 0.94 7,240,400 7,000 Klondex Mines Ltd. Common Shares Pountney, Glenn 3 18/04/2013 10 0.92 7,240,900 500 Klondex Mines Ltd. Common Shares Pountney, Glenn 3 18/04/2013 10 0.95 7,242,400 1,500 KP Tissue Inc. Rights to acquire common

shares pursuant to Exchange Agreement

Kruger II, Joseph 3, 6, 7 15/04/2013 56 43,261,160 251,161

KP Tissue Inc. Rights to acquire common shares pursuant to Exchange Agreement

Kruger Inc. 3 15/04/2013 56 43,261,160 251,161

KWG Resources Inc. Common Shares Smeenk, Frank Cornelius 4 17/04/2013 10 0.04 8,659,500 175,000 KWG Resources Inc. Common Shares Smeenk, Frank Cornelius 4 19/04/2013 10 0.04 8,705,500 46,000 Lake Shore Gold Corp. Options Federico, Alasdair James 5 14/04/2013 52 480,000 -225,000 LE CHATEAU INC. Subordinate Voting

Shares Class A shares Gruman, Barry 3 15/04/2013 15 2.58 3,510,727 500

LE CHATEAU INC. Subordinate Voting Shares Class A shares

Gruman, Barry 3 15/04/2013 10 2.6 3,514,927 4,200

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4504



Acquired/ Disposed


Gruman, Barry 3 15/04/2013 10 2.74 3,515,327 400


Gruman, Barry 3 15/04/2013 10 2.75 3,527,327 12,000

Legacy Oil + Gas Inc. Common Shares Colborne, Paul 4 15/04/2013 10 5.22 487,750 2,500 Legacy Oil + Gas Inc. Common Shares Colborne, Paul 4 17/04/2013 22 5.48 553,982 66,232 Legacy Oil + Gas Inc. Common Shares Pasieka, James Murray 4 17/04/2013 22 26,026 26,026 Legacy Oil + Gas Inc. Common Shares Yanko, Trenton James 3, 4, 5 18/04/2013 10 5.18 954,051 1,400 Legacy Oil + Gas Inc. Common Shares Yanko, Trenton James 3, 4, 5 18/04/2013 10 5.19 954,551 500 Legacy Oil + Gas Inc. Common Shares Yanko, Trenton James 3, 4, 5 20/07/2009 00 Legacy Oil + Gas Inc. Common Shares Yanko, Trenton James 3, 4, 5 18/04/2013 10 5.18 1,400 1,400 Legacy Oil + Gas Inc. Common Shares Yanko, Trenton James 3, 4, 5 18/04/2013 10 5.19 1,900 500 Linamar Corporation Common Shares Zardo, John 8 12/04/2013 10 23.9 4,100 4,100 LIONS GATE ENTERTAINMENT CORP.

Common Shares Crawford, Gordon 4 07/02/2013 00 200,000

LIONS GATE ENTERTAINMENT CORP.

Common Shares Crawford, Gordon 4 01/04/2013 46 23.4 200,312 312


Common Shares Feltheimer, Jon Henry 4, 5 25/06/2012 47 1,932,004 -3,460






Common Shares Feltheimer, Jon Henry 4, 5 09/04/2013 16 2,023,593 10,670


Common Shares Feltheimer, Jon Henry 4, 5 09/04/2013 38 23.43 2,018,025 -5,568

Liquor Stores N.A. Ltd. Rights Long Term Incentive Plan

Corbett, Craig David 5 31/12/2010 00


Corbett, Craig David 5 12/04/2013 56 2,922 2,922


de Grace, Patrick John 5 12/04/2013 56 1,966 1,966


Gordey, David Nathan 5 26/03/2012 00


Gordey, David Nathan 5 12/04/2013 56 1,389 1,389


Morrow, Scott 5 02/02/2010 00


Morrow, Scott 5 12/04/2013 56 4,371 4,371

Loncor Resources Inc. Common Shares KONDRAT, ARNOLD T. 3, 4, 5 16/04/2013 10 0.3 1,229,000 5,000 Loncor Resources Inc. Common Shares KONDRAT, ARNOLD T. 3, 4, 5 16/04/2013 10 0.37 1,234,000 5,000 LoneStar West Inc. Options Scade, Kristina Nadia 5 04/02/2013 00 LoneStar West Inc. Options Scade, Kristina Nadia 5 17/04/2013 50 100,000 100,000 Long Run Exploration Ltd. Common Shares Iverson, James Douglas 5 31/12/2012 10 4.66 12,171 Long Run Exploration Ltd. Common Shares Iverson, James Douglas 5 31/12/2012 30 4.66 27,797 12,171 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 2.98 68,834 2,500 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 2.98 68,834 2,500 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 2.98 8,500 2,500 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 2.98 8,500 2,500 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 2.96 67,034 700 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 2.97 67,134 100 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 2.98 68,834 1,700 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 2.98 68,834 2,500 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 2.9 13,185,900 3,800 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 2.91 13,187,800 1,900 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 2.92 13,190,200 2,400 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 2.93 13,190,300 100 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 2.95 13,190,400 100 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 2.96 13,192,600 2,200 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 2.97 13,193,700 1,100 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 2.98 13,204,200 10,500 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 3 13,205,700 1,500 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 3.02 13,208,300 2,600 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 12/04/2013 10 3.05 13,222,100 13,800 Luna Gold Corp. Common Shares BAERTL, LUIS J. 3, 4 15/04/2013 10 2.7 13,272,100 50,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4505



Acquired/ Disposed

Luna Gold Corp. Options Blake, William John 4, 5 12/04/2013 50 3.01 1,633,000 208,000 Luna Gold Corp. Options Chater, Geoffrey 4 20/02/2013 00 Luna Gold Corp. Options Chater, Geoffrey 4 12/04/2013 50 3.01 200,000 200,000 Luna Gold Corp. Options HAGGAN, TITUS 7, 5 12/04/2013 50 3.01 616,000 126,000 Luna Gold Corp. Options Halpin, Mark 5 12/04/2013 50 3.01 276,000 126,000 Luna Gold Corp. Options LO, DUANE 5 12/04/2013 50 3.01 616,000 126,000 Luna Gold Corp. Options MAH, GEORGE PETER 5 12/04/2013 50 3.01 666,000 126,000 Lupaka Gold Corp. Common Shares Courtnall, Geoffrey 7 18/04/2013 10 0.23 204,200 50,000 Lupaka Gold Corp. Common Shares Courtnall, Geoffrey 7 12/04/2013 10 0.27 61,000 4,000 Lydian International Limited Common Shares Corrie, Roderick 4, 5 18/04/2013 10 1.48 145,678 3,378 Lydian International Limited Common Shares Coughlin, Timothy James 4, 5 18/04/2013 10 1.48 745,000 3,000 Lydian International Limited Common Shares Coughlin, Timothy James 4, 5 18/04/2013 10 1.45 745,100 100 Macro Enterprises Inc. Common Shares Dodge, Mark Alexander 7 16/04/2013 10 2.25 636,359 -10,000 Madison Minerals Inc. (formerly Madison Enterprises Corp.)

Options Danielson, Vivian Lorraine 4 17/04/2013 52 0.25 0 -125,000

Madison Minerals Inc. (formerly Madison Enterprises Corp.)

Options Dragovan, Nell Marie 4 14/04/2013 52 0 -50,000


Options IDZISZEK, Chester (Chet) 4, 5 14/04/2013 52 0.25 0 -100,000


Options Sibthorpe, Robert Alan 4 14/04/2013 52 0 -50,000

Magellan Minerals Ltd. Common Shares Moore, Dennis Jay 4 12/04/2013 10 0.145 4,133,500 66,000 Magellan Minerals Ltd. Common Shares Moore, Dennis Jay 4 15/04/2013 10 0.145 4,161,000 27,500 Magna International Inc. Common Shares Neeb, Marc Joseph 5 27/03/2013 30 58.25 9,013 50 Magor Corporation (formerly Biovest Corp. I)

Common Shares Mueller, Michael Peter 4 18/10/2010 00

Magor Corporation (formerly Biovest Corp. I)

Common Shares Mueller, Michael Peter 4 18/04/2013 10 0.46 5,000 5,000











Man GLG Emerging Markets Income Fund

Units Class A Man GLG Emerging Markets Income Fund

1 15/04/2013 10 8.35 16,700 16,700



1 15/04/2013 38 0 -16,700



1 16/04/2013 10 8.35 30,800 30,800



1 16/04/2013 38 0 -30,800



1 17/04/2013 10 8.33 24,500 24,500



1 17/04/2013 38 0 -24,500



1 18/04/2013 10 8.33 9,600 9,600



1 18/04/2013 38 0 -9,600



1 19/04/2013 10 8.33 12,000 12,000



1 19/04/2013 10 0 -12,000

Mandalay Resources Corporation

Common Shares Labatte, Belinda Elaine 5 15/04/2013 10 0.79 85,655 900

Mandalay Resources Corporation

Common Shares Labatte, Belinda Elaine 5 15/04/2013 10 0.8 86,755 1,100

Manitex Capital Inc. Promissory Notes Saviuk, Helen 4, 5 06/04/2010 00 $148,360 Maple Leaf Foods Inc. Common Shares Gratton, Glen Lucien 5 10/12/2012 10 11.17 24,250 -300 Maple Leaf Foods Inc. Common Shares Gratton, Glen Lucien 5 10/12/2012 10 11.18 22,750 -1,500 Maple Leaf Foods Inc. Common Shares Gratton, Glen Lucien 5 10/12/2012 10 11.17 22,450 -300 Maple Leaf Foods Inc. Common Shares Gratton, Glen Lucien 5 10/12/2012 10 11.148 17,550 -4,900 Maple Leaf Foods Inc. Common Shares Lamoureux, Claude 4 15/04/2013 30 13.66 34,135 1,570 Marret Resource Corp. Common Shares Gluskin, David 7 15/04/2013 10 4.5 40,183 129 Marret Resource Corp. Common Shares Gluskin, David 7 15/04/2013 10 4.5 20,775 32

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4506



Acquired/ Disposed

Matamec Explorations Inc. Common Shares Inwentash, Sheldon 3, 6 17/04/2013 10 0.15 13,546,001 -204,000 Matamec Explorations Inc. Common Shares Inwentash, Sheldon 3, 6 18/04/2013 10 0.15 13,535,001 -11,000 Matamec Explorations Inc. Common Shares Pinetree Capital Ltd. 3 17/04/2013 10 0.15 13,546,001 -204,000 Matamec Explorations Inc. Common Shares Pinetree Capital Ltd. 3 18/04/2013 10 0.15 13,535,001 -11,000 MATRRIX Energy Technologies Inc.

Options Owen, Terrance James 4 27/03/2013 50 1 132,000 33,000

Maudore Minerals Ltd Common Shares Fowlie, George Robertson 4 19/07/2012 00

Maudore Minerals Ltd Common Shares Fowlie, George Robertson 4 19/07/2012 00

Maudore Minerals Ltd Common Shares Fowlie, George Robertson 4 12/04/2013 11 0.91 55,000 55,000

Maudore Minerals Ltd Warrants Fowlie, George Robertson 4 19/07/2012 00

Maudore Minerals Ltd Warrants Fowlie, George Robertson 4 19/07/2012 00

Maudore Minerals Ltd Warrants Fowlie, George Robertson 4 12/04/2013 11 1.13 22,500 22,500

Maudore Minerals Ltd Common Shares Harbour, Seager Rex 3 12/04/2013 11 0.91 6,262,857 4,484,957 Maudore Minerals Ltd Warrants Harbour, Seager Rex 3 27/10/2011 00 Maudore Minerals Ltd Warrants Harbour, Seager Rex 3 12/04/2013 11 1.13 2,242,478 2,242,478 Maudore Minerals Ltd Common Shares HARRIS, KEITH

RAYMOND4 19/07/2012 00

Maudore Minerals Ltd Common Shares HARRIS, KEITH RAYMOND

4 12/04/2013 16 0.91 27,500 27,500

Maudore Minerals Ltd Warrants HARRIS, KEITH RAYMOND

4 19/07/2012 00

Maudore Minerals Ltd Warrants HARRIS, KEITH RAYMOND

4 12/04/2013 16 1.13 13,750 13,750

Maudore Minerals Ltd Common Shares MARTIN, INGRID 5 13/02/2013 00 Maudore Minerals Ltd Common Shares MARTIN, INGRID 5 12/04/2013 16 0.91 27,500 27,500 Maudore Minerals Ltd Warrants MARTIN, INGRID 5 13/02/2013 00 Maudore Minerals Ltd Warrants MARTIN, INGRID 5 12/04/2013 16 1.13 13,750 13,750 Maudore Minerals Ltd Common Shares Pevenstein, Robert Lewis 4 12/04/2013 15 0.91 16,000 11,000 Maudore Minerals Ltd Warrants Pevenstein, Robert Lewis 4 01/11/2010 00 Maudore Minerals Ltd Warrants Pevenstein, Robert Lewis 4 12/04/2013 15 1.13 5,500 5,500 Maudore Minerals Ltd Common Shares Slivitzky, Anne 5 12/04/2013 11 0.91 50,082 27,500 Maudore Minerals Ltd Warrants Slivitzky, Anne 5 22/10/2012 00 Maudore Minerals Ltd Warrants Slivitzky, Anne 5 12/04/2013 11 1.13 13,750 13,750 Maudore Minerals Ltd Common Shares Tomlinson, Kevin Michael 4 19/07/2012 00 Maudore Minerals Ltd Common Shares Tomlinson, Kevin Michael 4 12/04/2013 10 0.91 1,140,448 Maudore Minerals Ltd Common Shares Tomlinson, Kevin Michael 4 12/04/2013 11 0.91 1,140,448 1,140,448 Maudore Minerals Ltd Warrants Tomlinson, Kevin Michael 4 19/07/2012 00 Maudore Minerals Ltd Warrants Tomlinson, Kevin Michael 4 12/04/2013 10 1.13 570,224 Maudore Minerals Ltd Warrants Tomlinson, Kevin Michael 4 12/04/2013 11 1.13 570,224 570,224 Maudore Minerals Ltd Common Shares VEZINA, Raynald 4 19/07/2012 00 Maudore Minerals Ltd Common Shares VEZINA, Raynald 4 12/04/2013 11 0.91 11,000 11,000 Maudore Minerals Ltd Warrants VEZINA, Raynald 4 19/07/2012 00 Maudore Minerals Ltd Warrants VEZINA, Raynald 4 12/04/2013 11 1.13 5,500 5,500 Maxim Power Corp. Common Shares Lusman, Joel 3, 4 12/04/2013 90 0 -1,581,500 MBAC Fertilizer Corp. Common Shares B&A Mineracao S.A. 3 16/04/2013 11 2.2 18,418,040 3,182,000 MBAC Fertilizer Corp. Common Shares Belger, Roberto Busato 5 16/04/2013 16 2.2 145,000 70,000 MBAC Fertilizer Corp. Common Shares Burleton, Stephen 5 16/04/2013 16 2.2 256,766 35,000 MBAC Fertilizer Corp. Common Shares HAYWARD, BRIAN 4 16/04/2013 16 2.2 60,000 20,000 MBAC Fertilizer Corp. Common Shares Marrone, Peter 4 16/04/2013 16 2.2 2,148,706 486,368 MBAC Fertilizer Corp. Common Shares Marrone, Peter 4 16/04/2013 16 2.2 5,794,979 72,730 MBAC Fertilizer Corp. Common Shares Marrone, Peter 4 24/12/2009 00 MBAC Fertilizer Corp. Common Shares Marrone, Peter 4 16/04/2013 11 2.2 122,730 122,730 MBAC Fertilizer Corp. Common Shares NAGLE, ANTONIO JOSE 5 13/01/2012 00 MBAC Fertilizer Corp. Common Shares NAGLE, ANTONIO JOSE 5 16/04/2013 16 2.2 45,000 45,000 MBAC Fertilizer Corp. Common Shares Nierenberg, David 4 16/04/2013 16 2.2 7,411,517 1,320,040 MBAC Fertilizer Corp. Common Shares Nierenberg, David 4 16/04/2013 16 2.2 801,672 169,778 MBAC Fertilizer Corp. Common Shares Nierenberg, David 4 16/04/2013 16 2.2 1,901,909 444,719 MBAC Fertilizer Corp. Common Shares Nierenberg, David 4 16/04/2013 16 2.2 1,794,802 338,463 MBAC Fertilizer Corp. Common Shares Peterson, David Robert 4 16/04/2013 16 2.2 350,000 200,000 MBAC Fertilizer Corp. Common Shares Pinto, Rodrigo Martins 5 16/04/2013 16 2.2 43,616 30,000 MBAC Fertilizer Corp. Common Shares Silva, Antenor 5 16/04/2013 16 2.2 1,046,141 227,500 MBAC Fertilizer Corp. Common Shares Zanellato, Cintia 5 14/02/2012 00 MBAC Fertilizer Corp. Common Shares Zanellato, Cintia 5 16/04/2013 16 2.2 10,000 10,000 MBAC Fertilizer Corp. Options Zanellato, Cintia 5 14/02/2012 00 50,000 MBN Corporation Units OilSands Canada 1 09/04/2013 38 4.85 3,400 3,400 MBN Corporation Units OilSands Canada 1 09/04/2013 38 0 -3,400 MCAN Mortgage Corporation Common Shares Sutherland, Derek 5 30/09/2012 10 13.601 69

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4507



Acquired/ Disposed

MCAN Mortgage Corporation Common Shares Sutherland, Derek 5 30/09/2012 30 13.601 1,528 69

MCAN Mortgage Corporation Common Shares Sutherland, Derek 5 15/10/2012 10 13.923 40












McCoy Corporation Common Shares Watts, Thomas Alan 5 11/04/2013 10 1.5 30,167 6,800 McCoy Corporation Common Shares Watts, Thomas Alan 5 11/04/2013 10 4.367 23,367 -6,800 McCoy Corporation Common Shares Watts, Thomas Alan 5 12/04/2013 10 3200 26,567 3,200 McCoy Corporation Common Shares Watts, Thomas Alan 5 12/04/2013 10 4.38 23,367 -3,200 McCoy Corporation Options Watts, Thomas Alan 5 11/04/2013 51 1.5 -6,800 McCoy Corporation Options Watts, Thomas Alan 5 11/04/2013 51 1.5 103,200 -6,800 McCoy Corporation Options Watts, Thomas Alan 5 12/04/2013 51 1.5 100,000 -3,200 Medical Facilities Corporation

Common Shares Medical Facilities Corporation

1 12/04/2013 38 15.013 28,639,300 -1,500

Medical Facilities Corporation


1 15/04/2013 38 14.973 28,637,300 -2,000



1 15/04/2013 36 28,872,261 234,961



1 16/04/2013 36 28,879,131 6,870



1 17/04/2013 36 29,505,085 625,954

MEG Energy Corp. Options LAMB, Theodore Willis 5 08/04/2013 00 48,500 MEG Energy Corp. Restricted Share Units LAMB, Theodore Willis 5 08/04/2013 00 9,816 MEGA Brands Inc. Debentures 10% senior

secured debenture in the principal amt of $1000

Bendayan, Michel 5 15/04/2013 38 $882 -$884

MEGA Brands Inc. Options Plan 2 Bendayan, Michel 5 30/06/2009 00 MEGA Brands Inc. Options Plan 2 Bendayan, Michel 5 30/06/2009 00 1,665 MEGA Brands Inc. Options Plan 2 Bendayan, Michel 5 12/04/2013 50 14.8 51,631 11,631 MEGA Brands Inc. RSU Bendayan, Michel 5 12/04/2013 58 - Expiration

of rights 18,052 -1,958

MEGA Brands Inc. RSU Bendayan, Michel 5 12/04/2013 59 9,872 -8,180 MEGA Brands Inc. RSU Bendayan, Michel 5 12/04/2013 56 12,664 2,792 MEGA Brands Inc. Debentures 10% senior


Bertrand, Marc 4, 5 15/04/2013 38 $170,971 -$170,971

MEGA Brands Inc. Options Plan 2 Bertrand, Marc 4, 5 12/04/2013 50 14.8 786,036 202,703 MEGA Brands Inc. RSU Bertrand, Marc 4, 5 12/04/2013 58 - Expiration

of rights 75,314 -7,716

MEGA Brands Inc. RSU Bertrand, Marc 4, 5 12/04/2013 59 41,213 -34,101 MEGA Brands Inc. RSU Bertrand, Marc 4, 5 12/04/2013 56 59,457 18,244 MEGA Brands Inc. Debentures 10% senior


Bertrand, Vic 4, 5 15/04/2013 38 $193,617 -$43,616

MEGA Brands Inc. Options Plan 2 Bertrand, Vic 4, 5 12/04/2013 50 14.8 544,753 155,864 MEGA Brands Inc. RSU Bertrand, Vic 4, 5 12/04/2013 58 - Expiration

of rights 51,003 -5,712

MEGA Brands Inc. RSU Bertrand, Vic 4, 5 12/04/2013 59 27,979 -23,024 MEGA Brands Inc. RSU Bertrand, Vic 4, 5 12/04/2013 56 42,007 14,028

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4508



Acquired/ Disposed

MEGA Brands Inc. Debentures 10% senior secured debenture in the principal amt of $1000

Bertrand, Victor Joseph 3, 4 15/04/2013 38 $3,419,854 -$3,419,854


Bertrand, Victor Joseph 3, 4 15/04/2013 38 $315,434 -$315,434

MEGA Brands Inc. Options Plan 2 Bourgeois, Daniel 5 12/04/2013 50 14.8 24,585 9,882 MEGA Brands Inc. RSU Bourgeois, Daniel 5 12/04/2013 58 - Expiration

of rights 10,849 -1,568

MEGA Brands Inc. RSU Bourgeois, Daniel 5 12/04/2013 59 6,992 -3,857 MEGA Brands Inc. RSU Bourgeois, Daniel 5 12/04/2013 56 9,364 2,372 MEGA Brands Inc. Debentures 10% senior


Di Iorio, Nicola 4 15/04/2013 38 $4,418 -$4,418

MEGA Brands Inc. Common Shares Fairfax Financial Holdings Limited

3 30/03/2010 00


3 01/04/2013 54 9.94 1,227,600 1,227,600


3 30/03/2010 36 2,420,000 1,020,000


3 10/06/2011 37 121,000 -2,299,000


3 15/06/2011 37 -1,330,000


3 01/04/2013 54 9.94 242,000 121,000


3 30/03/2010 36 1,122,000 1,122,000


3 20/04/2012 37 -1,425,000


3 20/04/2012 37 131,100 -2,490,900


3 01/04/2013 54 9.94 262,200 131,100


3 30/03/2010 36 1,958,400 1,958,400


3 20/04/2012 37 -2,565,000


3 20/04/2012 37 232,920 -4,425,480


3 01/04/2013 54 9.94 465,840 232,920


3 30/03/2010 36 6,242,400 6,242,400


3 20/04/2012 37 -9,182,700


3 20/04/2012 37 795,420 -15,112,980


3 01/04/2013 54 9.94 1,582,540 787,120


3 30/03/2010 36 2,713,200 2,713,200


3 20/04/2012 37 -3,515,000


3 20/04/2012 37 320,660 -6,092,540


3 01/04/2013 54 9.94 641,320 320,660


Fairfax Financial Holdings Limited

3 30/03/2010 36 1000 $510,000



3 30/03/2010 36 1000 $510,000



3 29/03/2012 38 1000 $663,016 -$40,984



3 01/04/2013 38 1000 $622,032 -$40,984



3 15/04/2013 38 1000 $311,016 -$311,016

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4509



Acquired/ Disposed



3 30/03/2010 36 1000 $561,000



3 30/03/2010 36 1000 $561,000



3 29/03/2012 38 1000 -$83,000 -$83,000



3 01/04/2013 38 1000 $1,265,000 -$83,000



3 15/04/2013 38 1000 $632,500 -$632,500



3 30/03/2010 36 1000 $979,200



3 30/03/2010 36 1000 $979,200



3 29/03/2012 38 1000 -$147,000 -$147,000



3 01/04/2013 38 1000 $2,233,200 -$147,000



3 15/04/2013 38 1000 $1,116,600 -$1,116,600



3 30/03/2010 36 1000 $3,120,200



3 30/03/2010 36 1000 $3,120,200



3 29/03/2012 38 1000 -$483,000 -$483,000



3 01/04/2013 38 1000 $7,331,200 -$483,000



3 15/04/2013 38 1000 $3,665,620 -$3,665,580



3 30/03/2010 36 1000 $1,356,600



3 30/03/2010 36 1000 $1,356,600



3 29/03/2012 38 1000 -$203,000 -$203,000



3 01/04/2013 38 1000 $3,073,600 -$203,000



3 15/04/2013 38 1000 $1,536,800 -$1,536,800

MEGA Brands Inc. Debentures 8% Senior Unsecured Convertible Debentures due Aug. 31, 2013


3 30/03/2010 00 $64,000,000

MEGA Brands Inc. Debentures 8% Senior Unsecured Convertible Debentures due Aug. 31, 2013


3 30/03/2010 36 $0 -$64,000,000

MEGA Brands Inc. Warrants Warrants 1 Fairfax Financial Holdings Limited

3 30/03/2010 11 1,400,000


3 30/03/2010 11 1,400,000 1,400,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4510



Acquired/ Disposed


3 30/03/2010 11 24,552,000


3 30/03/2010 11 24,552,000 24,552,000


3 31/05/2012 90 0.13 1,227,600


3 31/05/2012 90 0.13 24,552,000 24,552,000


3 01/04/2013 54 9.94 0 -24,552,000


3 30/03/2010 36 2,420,000 1,020,000


3 15/06/2011 37 -1,330,000


3 15/06/2011 37 -1,330,000


3 15/06/2011 37 -1,330,000


3 01/04/2013 54 9.94 0 -2,420,000


3 30/03/2010 36 1,122,000 1,122,000


3 20/04/2012 99 1,500,000


3 20/04/2012 99 2,622,000 1,500,000


3 20/04/2012 37 -1,425,000


3 20/04/2012 37 -1,425,000


3 20/04/2012 37 -1,425,000


3 01/04/2013 54 9.94 0 -2,622,000


3 30/03/2010 36 1,958,400 1,958,400


3 20/04/2012 97 2,700,000


3 20/04/2012 97 4,658,400 2,700,000


3 20/04/2012 37 -2,565,000


3 20/04/2012 37 -2,565,000


3 20/04/2012 37 -2,565,000


3 01/04/2013 54 9.94 0 -4,658,400


3 30/03/2010 36 6,242,400 6,242,400


3 20/04/2012 97 9,500,000


3 20/04/2012 97 15,742,400 9,500,000


3 20/04/2012 37 -9,025,000


3 20/04/2012 37 -9,025,000


3 20/04/2012 37 -9,025,000


3 01/04/2013 54 9.94 0 -15,742,400


3 30/03/2010 36 2,713,200 2,713,200


3 20/04/2012 97 3,700,000


3 20/04/2012 97 6,413,200 3,700,000


3 20/04/2012 37 -3,515,000


3 20/04/2012 37 -3,515,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4511



Acquired/ Disposed


3 20/04/2012 37 -3,515,000


3 20/04/2012 37 -3,515,000


3 01/04/2013 54 9.94 0 -6,413,200


3 15/06/2011 37 -23,324,400


3 15/06/2011 37 -23,324,400


3 15/06/2011 37 -23,324,400


3 31/05/2012 90 0.13 -1,227,600


3 31/05/2012 90 0.13 -1,227,600


3 31/05/2012 90 0.13 0 -24,552,000


Ferrante, Peter 5 15/04/2013 38 $4,418 -$4,418

MEGA Brands Inc. Options Plan 2 Ferrante, Peter 5 12/04/2013 50 14.8 65,547 29,494 MEGA Brands Inc. RSU Ferrante, Peter 5 12/04/2013 58 - Expiration

of rights 16,978 -1,862

MEGA Brands Inc. RSU Ferrante, Peter 5 12/04/2013 59 9,350 -7,628 MEGA Brands Inc. RSU Ferrante, Peter 5 12/04/2013 56 14,659 5,309 MEGA Brands Inc. Debentures 10% senior


Girgis, Mark P. 5 15/04/2013 38 $4,418 -$4,418

MEGA Brands Inc. Options Plan 2 Girgis, Mark P. 5 12/04/2013 50 14.8 51,413 23,413 MEGA Brands Inc. RSU Girgis, Mark P. 5 12/04/2013 58 - Expiration

of rights 13,360 -1,478

MEGA Brands Inc. RSU Girgis, Mark P. 5 12/04/2013 59 7,381 -5,979 MEGA Brands Inc. RSU Girgis, Mark P. 5 12/04/2013 56 11,596 4,215 MEGA Brands Inc. Options Plan 2 Martin, David Anthony 5 12/04/2013 50 14.8 38,876 28,398 MEGA Brands Inc. RSU Martin, David Anthony 5 12/04/2013 58 - Expiration

of rights 7,910 -871

MEGA Brands Inc. RSU Martin, David Anthony 5 12/04/2013 59 4,516 -3,394 MEGA Brands Inc. RSU Martin, David Anthony 5 12/04/2013 56 9,628 5,112 MEGA Brands Inc. Options Plan 2 Newcomb, Lynda Barbara 5 12/04/2013 50 14.8 8,973 2,851 MEGA Brands Inc. RSU Newcomb, Lynda Barbara 5 06/02/2012 00 MEGA Brands Inc. RSU Newcomb, Lynda Barbara 5 12/04/2013 56 951 951 MEGA Brands Inc. Options Plan 2 Prichard, Thomas William 5 12/04/2013 50 14.8 75,914 38,414 MEGA Brands Inc. RSU Prichard, Thomas William 5 12/04/2013 58 - Expiration

of rights 19,319 -2,388

MEGA Brands Inc. RSU Prichard, Thomas William 5 12/04/2013 59 11,960 -7,359 MEGA Brands Inc. RSU Prichard, Thomas William 5 12/04/2013 56 18,875 6,915 MEGA Brands Inc. Debentures 10% senior


Rivett, Paul 4 15/04/2013 38 $22,090 -$22,089

MEGA Brands Inc. Options Plan 2 Stevenson, Drew 5 12/04/2013 50 14.8 21,943 3,906 MEGA Brands Inc. RSU Stevenson, Drew 5 12/04/2013 58 - Expiration

of rights 13,422 -1,942

MEGA Brands Inc. RSU Stevenson, Drew 5 12/04/2013 59 8,653 -4,769 MEGA Brands Inc. RSU Stevenson, Drew 5 12/04/2013 56 9,955 1,302 MEGA Brands Inc. Options Plan 2 Van der Syppe, Chris 5 12/04/2013 50 14.8 28,581 7,667 MEGA Brands Inc. RSU Van der Syppe, Chris 5 12/04/2013 58 - Expiration

of rights 13,220 -1,600

MEGA Brands Inc. RSU Van der Syppe, Chris 5 12/04/2013 59 7,840 -5,380 MEGA Brands Inc. RSU Van der Syppe, Chris 5 12/04/2013 56 9,680 1,840 Metalcorp Limited Common Shares Gagne, Pierre 4 17/04/2013 10 0.015 13,007,442 222,000 Metalcorp Limited Common Shares Gagne, Pierre 4 18/04/2013 10 0.015 13,008,442 1,000 Metalore Resources Limited Common Shares Chilian, George 6 16/04/2013 10 3.65 389,300 200

Metalore Resources Limited Common Shares Chilian, George 6 16/04/2013 10 3.55 390,300 1,000

MicroPlanet Technology Corp.

Common Shares Ironside, Brett 4 12/04/2013 11 0.06 1,097,000 -6,750,000

Middlefield Can-Global REIT Income Fund

Trust Units Can-Global REIT Income Fund

1 01/04/2013 38 10.04 156,000 1,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4512



Acquired/ Disposed



1 02/04/2013 38 10 158,300 2,300



1 03/04/2013 38 9.87 162,900 4,600



1 04/04/2013 38 9.92 164,400 1,500



1 05/04/2013 38 9.87 165,100 700



1 08/04/2013 38 9.86 167,200 2,100



1 09/04/2013 38 9.9 167,500 300



1 10/04/2013 38 9.96 168,500 1,000



1 11/04/2013 38 9.91 172,800 4,300



1 12/04/2013 38 9.75 175,300 2,500



1 15/04/2013 38 9.86 176,500 1,200



1 15/04/2013 38 9.95 177,500 1,000

Middlefield Income Plus II Corp.

Non-Voting Shares equity shares

Brasseur, Jeremy 6 17/04/2013 10 10.44 3,000 1,000

Midland Exploration Inc. Common Shares Masson, Mario 5 12/04/2013 51 0.65 77,000 25,000 Midland Exploration Inc. Options Masson, Mario 5 12/04/2013 51 0.65 160,000 -25,000 Midway Gold Corp. Options Yu, Frank 4 11/03/2013 50 1.15 895,000 120,000 Millrock Resources Inc. Common Shares Beischer, Gregory Allan 4 15/04/2013 10 0.1125 696,333 1,000 Millrock Resources Inc. Common Shares Beischer, Gregory Allan 4 15/04/2013 10 0.1077 697,033 700 Millrock Resources Inc. Common Shares Beischer, Gregory Allan 4 16/04/2013 10 0.102 697,333 300 Millrock Resources Inc. Common Shares Beischer, Gregory Allan 4 17/04/2013 10 0.099 698,333 1,000 Millrock Resources Inc. Common Shares Butler, Roland Wayne 4 16/04/2013 10 0.12 774,500 25,000 Mineral Mountain Resources Ltd.

Common Shares baker, nelson 4 08/04/2013 10 0.13 4,554,000 25,000

Mineral Mountain Resources Ltd.





Common Shares Morita, John Shigeo 4, 5 12/04/2013 10 0.105 760,000 50,000

MINT Income Fund Trust Units MINT Income Fund 1 01/04/2013 38 9.95 43,109,012 400 MINT Income Fund Trust Units MINT Income Fund 1 02/04/2013 38 9.95 43,109,912 900 MINT Income Fund Trust Units MINT Income Fund 1 04/04/2013 38 9.85 43,110,412 500 MINT Income Fund Trust Units MINT Income Fund 1 08/04/2013 38 9.72 43,112,212 1,800 MINT Income Fund Trust Units MINT Income Fund 1 12/04/2013 38 9.8 43,112,412 200 MINT Income Fund Trust Units MINT Income Fund 1 15/04/2013 38 9.7 43,112,512 100 MINT Income Fund Trust Units MINT Income Fund 1 16/04/2013 38 9.6 43,113,312 800 Monarques Resources Inc. Common Shares Lacoste, Jean-Marc 4, 5 16/04/2013 10 0.145 2,101,500 2,000

Montana Exploration Corp. (formerly AltaCanada Energy Corp.)

Common Shares Collins, James William 4 17/04/2013 10 0.1826 10,982,200 89,500

Montana Gold Mining Company Inc.

Common Shares Plexman, Eric 4, 5 15/04/2013 10 0.025 1,209,000 10,000

Montana Gold Mining Company Inc.

Common Shares Plexman, Eric 4, 5 15/04/2013 10 0.03 1,214,000 5,000

MountainStar Gold Inc. Common Shares Diegmann, Frank 8 19/04/2013 16 0.26 8,715,000 300,157 MountainStar Gold Inc. Warrants Diegmann, Frank 8 19/04/2013 16 4,737,750 300,157 MountainStar Gold Inc. Common Shares Johnson, Brent H. 5 19/04/2013 16 0.26 11,024,569 442,934 MountainStar Gold Inc. Warrants Johnson, Brent H. 5 19/04/2013 16 775,001 442,934 Nass Valley Gateway Ltd. Common Shares Merfin Management Ltd 3 12/04/2013 10 0.03 10,702,833 50,000 New Flyer Industries Inc. Deferred Share Units Gray, Adam L. 4 30/06/2012 56 328 New Flyer Industries Inc. Deferred Share Units Gray, Adam L. 4 30/06/2012 56 328 328 New Flyer Industries Inc. Deferred Share Units Gray, Adam L. 4 30/09/2012 56 485 New Flyer Industries Inc. Deferred Share Units Gray, Adam L. 4 30/09/2012 56 493 New Flyer Industries Inc. Deferred Share Units Gray, Adam L. 4 30/09/2012 56 821 493 New Flyer Industries Inc. Deferred Share Units Gray, Adam L. 4 31/12/2012 56 427 New Flyer Industries Inc. Deferred Share Units Gray, Adam L. 4 31/12/2012 56 1,248 427 New Flyer Industries Inc. Deferred Share Units Gray, Adam L. 4 31/12/2012 30 16 New Flyer Industries Inc. Deferred Share Units Gray, Adam L. 4 31/12/2012 30 1,264 16 New Flyer Industries Inc. Deferred Share Units Gray, Adam L. 4 31/03/2013 56 366 New Flyer Industries Inc. Deferred Share Units Gray, Adam L. 4 31/03/2013 56 1,630 366 New Gold Inc. Restricted Share Awards Bowkett, Gregory Paul 5 06/03/2013 00

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4513



Acquired/ Disposed

New Gold Inc. Restricted Share Awards Bowkett, Gregory Paul 5 06/03/2013 00 5,500

New Pacific Metals Corp. Common Shares New Pacific Metals Corp. 1 15/04/2013 10 0.6 269,024 7,000 New Pacific Metals Corp. Common Shares New Pacific Metals Corp. 1 16/04/2013 10 0.6 269,524 500 New Pacific Metals Corp. Common Shares New Pacific Metals Corp. 1 17/04/2013 10 0.62 276,942 7,418 New Pacific Metals Corp. Common Shares New Pacific Metals Corp. 1 18/04/2013 10 0.6 283,942 7,000 New Zealand Energy Corp. Options Ferguson, Christopher John 5 25/02/2013 00

New Zealand Energy Corp. Options Ferguson, Christopher John 5 25/02/2013 50 1 230,000 230,000

Newalta Corporation Common Shares Riddell, Clayton H. 3 15/04/2013 10 13.49 593,823 25,000 Newalta Corporation Common Shares Riddell, Clayton H. 3 19/04/2013 10 12.78 618,823 25,000 Newalta Corporation Common Shares Riddell, Clayton H. 3 15/04/2013 10 13.49 4,478,650 -25,000 Newalta Corporation Common Shares Riddell, Clayton H. 3 19/04/2013 10 12.78 4,453,650 -25,000 Newstrike Resources Ltd. Common Shares Pollock, John Arthur 3, 4, 5 16/04/2013 10 0.135 4,071,000 24,500 Newstrike Resources Ltd. Common Shares Pollock, John Arthur 3, 4, 5 16/04/2013 10 0.12 4,096,000 25,000 Newstrike Resources Ltd. Common Shares Pollock, John Arthur 3, 4, 5 17/04/2013 10 0.095 4,121,000 25,000 Nighthawk Gold Corp. (formerly Merc International Minerals Inc.)

Common Shares Cudney, Robert Douglas 3 15/04/2013 10 0.13 27,282,459 50,000

Nighthawk Gold Corp. (formerly Merc International Minerals Inc.)






Norbord Inc. Common Shares Brookfield Asset Management Inc.

3 10/04/2003 00


3 16/04/2013 97 14,323,993 14,323,993


3 16/04/2013 15 33 11,078,993 -3,245,000


3 16/04/2013 97 0 -14,323,993

Norbord Inc. Common Shares Lampard, Robin E.A. 5 16/04/2013 51 6.5 115,189 100,000 Norbord Inc. Common Shares Lampard, Robin E.A. 5 16/04/2013 51 9.96 125,189 10,000 Norbord Inc. Common Shares Lampard, Robin E.A. 5 16/04/2013 51 33 15,189 -110,000 Norbord Inc. Options Lampard, Robin E.A. 5 16/04/2013 51 6.5 258,480 -100,000 Norbord Inc. Options Lampard, Robin E.A. 5 16/04/2013 51 9.96 248,480 -10,000 Norbord Inc. Common Shares Shineton, Barrie 5 16/04/2013 51 6.5 124,478 100,000 Norbord Inc. Common Shares Shineton, Barrie 5 16/04/2013 51 18.21 304,478 180,000 Norbord Inc. Common Shares Shineton, Barrie 5 16/04/2013 51 14.93 384,478 80,000 Norbord Inc. Common Shares Shineton, Barrie 5 16/04/2013 15 33 24,478 -360,000 Norbord Inc. Options Shineton, Barrie 5 16/04/2013 51 6.5 503,900 -100,000 Norbord Inc. Options Shineton, Barrie 5 16/04/2013 51 18.21 323,900 -180,000 Norbord Inc. Options Shineton, Barrie 5 16/04/2013 51 14.93 243,900 -80,000 Norbord Inc. Common Shares Wijnbergen, Peter Cornelius 5 16/04/2013 51 18.21 67,089 48,000

Norbord Inc. Common Shares Wijnbergen, Peter Cornelius 5 16/04/2013 51 14.93 99,089 32,000

Norbord Inc. Common Shares Wijnbergen, Peter Cornelius 5 16/04/2013 15 33 19,089 -80,000

Norbord Inc. Options Wijnbergen, Peter Cornelius 5 16/04/2013 51 18.21 246,260 -48,000

Norbord Inc. Options Wijnbergen, Peter Cornelius 5 16/04/2013 51 14.93 214,260 -32,000

Nord Resources Corporation Convertible Notes 15% Convertible Notes

Beaty, Ross J. 3 24/07/2012 16 0.04 $666,096

Nord Resources Corporation Convertible Notes 15% Convertible Notes

Beaty, Ross J. 3 24/07/2012 16 0.04 $625,000 $625,000

Nordion Inc. Options GARDINER, GRANT 5 28/02/2013 56 7.06 61,300 Nordion Inc. Options GARDINER, GRANT 5 28/02/2013 56 7.06 61,300 Nordion Inc. Options GARDINER, GRANT 5 18/03/2013 00 Nordion Inc. Options GARDINER, GRANT 5 18/03/2013 00 61,300 Nordion Inc. Restricted Share Unit GARDINER, GRANT 5 01/02/2013 56 7.06 25,780 Nordion Inc. Restricted Share Unit GARDINER, GRANT 5 01/02/2013 56 7.06 25,780 Nordion Inc. Restricted Share Unit GARDINER, GRANT 5 18/03/2013 00 Nordion Inc. Restricted Share Unit GARDINER, GRANT 5 18/03/2013 00 25,780 Northcore Resources Inc. (formerly Big Red Diamond Corporation)

Options Byberg, Terrence Harry 4 16/11/2012 00

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4514



Acquired/ Disposed

Northcore Resources Inc. (formerly Big Red Diamond Corporation)

Options Byberg, Terrence Harry 4 18/04/2013 50 0.1 200,000 200,000


Options Garber, Richard James 4 17/04/2013 00


Options Garber, Richard James 4 17/04/2013 50 200,000 200,000

NORTHCORETECHNOLOGIES INC. (formerly ADB Systems International Ltd.)

Options Deslippe, Ryan Charles 4 15/04/2013 50 0.015 2,000,000 1,000,000

Northern Abitibi Mining Corp. Warrants Ebert, Shane William 4 15/04/2013 55 0 -111,305

Northern Gold Mining Inc. Common Shares Caland, Paul 3 12/04/2013 10 0.138 13,436,515 267,000 Northfield Capital Corporation

Common Shares CLASS A RESTRICTED VOTING

Cudney, Robert Douglas 3, 4 08/04/2013 10 28.5 523,506 1,700

Northfield Capital Corporation

Common Shares CLASS A RESTRICTED VOTING

Cudney, Robert Douglas 3, 4 10/04/2013 10 28.5 528,506 5,000

Northland Power Inc. Common Shares Dougall, David George 5 31/12/2012 30 17.84 10,961 636 Northland Power Inc. Common Shares Dougall, David George 5 31/12/2012 30 17.84 277,666 24 Northland Power Inc. Deferred Share Units

(DSU)Durfy, Sean Michael 4 11/04/2013 56 17.92 2,544 167

Northland Power Inc. Deferred Share Units (DSU)

Gloutney, Pierre 4 29/11/2012 56 1,483 57


Gloutney, Pierre 4 11/04/2013 56 17.92 3,626 251


Harder, Vernon Peter 4 11/04/2013 56 17.92 3,446 167

Northland Power Inc. Common Shares Temerty, James C. 3 15/04/2013 30 17.971 240,002 1,194 Northland Power Inc. Common Shares Temerty, James C. 3 15/04/2013 30 17.971 8,649 43 Northland Power Inc. Common Shares Temerty, James C. 3 15/04/2013 30 17.971 29,541,308 46,033 Northstar Healthcare Inc. Deferred Share Units Foster, Thomas 4 15/04/2013 46 9,242 9,242 NorthWest Healthcare Properties Real Estate Investment Trust

Deferred Units Krizan, Jan 4 31/03/2013 56 12.72 1,180

NorthWest Healthcare Properties Real Estate Investment Trust

Deferred Units Krizan, Jan 4 31/03/2013 56 12.72 6,997 708

Nouveau Monde Mining Enterprises Inc.

Common Shares Boileau, Julie 3 16/04/2013 10 0.17 1,908,000 5,000








Common Shares Desaulniers, Eric 4, 5 16/04/2013 10 0.16 450,500 5,000


Common Shares Lambert, Alain 4 18/04/2013 10 0.165 120,000 20,000


Options Lambert, Alain 4 19/04/2013 50 0.3 212,500 125,000

NovaCopper Inc. Common Shares Giardini, Tony Serafino 4 12/04/2013 57 1,382 691 NovaCopper Inc. Rights NovaGold DSUs Giardini, Tony Serafino 4 12/04/2013 57 0 -4,146 NOVAGOLD RESOURCES INC.

Common Shares DEISLEY, DAVID LEE 5 20/11/2012 30 4.41 73,008 301

NOVAGOLD RESOURCES INC.












Insider Reporting

April 25, 2013 (2013) 36 OSCB 4515



Acquired/ Disposed




Common Shares HENNESSEY, MELANIE 5 03/01/2013 30 4.43 13,697 176










Common Shares Lang, Gregory Anthony 5 02/01/2013 30 4.44 124,042 422






Common Shares Lang, Gregory Anthony 5 22/03/2013 30 3.97 126,012 1,062




Common Shares Ottewell, David 5 20/12/2012 30 4.61 35,654 220











NuLegacy Gold Corporation Common Shares Anderson, James 4, 5 12/04/2013 10 0.07 2,410,000 10,000

NuLegacy Gold Corporation Common Shares Anderson, James 4, 5 12/04/2013 10 0.075 2,450,000 40,000

NuLegacy Gold Corporation Common Shares Chu, Gregory Todd 5 11/04/2013 16 0.1 183,508 100,000

NuLegacy Gold Corporation Warrants Chu, Gregory Todd 5 11/04/2013 16 158,508 100,000

NuLegacy Gold Corporation Common Shares Wilson, William 3 11/04/2013 00 6,600,000

NuLegacy Gold Corporation Warrants Wilson, William 3 11/04/2013 00 4,925,000

Oceanus Resources Corporation

Common Shares Gordon, Richard Basil 4, 5 12/04/2013 10 0.23 1,242,807 1,000

Oceanus Resources Corporation

Common Shares Gordon, Richard Basil 4, 5 12/04/2013 10 0.25 1,244,807 2,000

ONEX CORPORATION Options Munk, Anthony 7 17/04/2013 38 18.18 205,000 -90,000 Oracle Mining Corp. Options Price, T. Derek 4 17/04/2013 38 175,000 -75,000 Oracle Mining Corp. Options Tardif, Michel 4 08/04/2013 50 0.85 100,000 Oracle Mining Corp. Options Tardif, Michel 4 08/04/2013 50 0.85 170,000 100,000 Oracle Mining Corp. Options Tardif, Michel 4 18/04/2013 52 -75,000 Oracle Mining Corp. Options Tardif, Michel 4 18/04/2013 52 -75,000 Oracle Mining Corp. Options Tardif, Michel 4 18/04/2013 52 -10,000 Oracle Mining Corp. Options Tardif, Michel 4 18/04/2013 52 -10,000 Oracle Mining Corp. Options Tardif, Michel 4 18/04/2013 52 -4,000 Oracle Mining Corp. Options Tardif, Michel 4 18/04/2013 52 -4,000 Oracle Mining Corp. Options Tardif, Michel 4 18/04/2013 52 -30,000 Oracle Mining Corp. Options Tardif, Michel 4 18/04/2013 52 -30,000 Orca Gold Inc. Options Bitelli, Alessandro 5 08/04/2013 00 Orca Gold Inc. Options Bitelli, Alessandro 5 18/04/2013 50 0.9 600,000 600,000 Orca Gold Inc. Options Chase, Robert 4 08/04/2013 00 Orca Gold Inc. Options Chase, Robert 4 18/04/2013 50 0.9 300,000 300,000 Orca Gold Inc. Options Clark, Richard Peter 4, 5 04/04/2013 00 Orca Gold Inc. Options Clark, Richard Peter 4, 5 18/04/2013 50 0.9 500,000 500,000 Orca Gold Inc. Options Davidson, Alexander John 4 04/04/2013 00

Orca Gold Inc. Options Davidson, Alexander John 4 18/04/2013 50 0.9 300,000 300,000

Orca Gold Inc. Common Shares Fu, Shuixing 4, 6 04/04/2013 37 1,169,590 -2,339,181

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4516



Acquired/ Disposed

Orca Gold Inc. Common Shares Fu, Shuixing 4, 6 04/04/2013 37 13,333,333 -26,666,667 Orca Gold Inc. Options Fu, Shuixing 4, 6 18/04/2013 50 0.9 516,667 200,000 Orca Gold Inc. Options Jackson, Lawrence Simon 4, 5 04/04/2013 00

Orca Gold Inc. Options Jackson, Lawrence Simon 4, 5 18/04/2013 50 0.9 1,000,000 1,000,000

Orca Gold Inc. Options Stuart, Hugh David 5 08/04/2013 00 Orca Gold Inc. Options Stuart, Hugh David 5 18/04/2013 50 0.9 750,000 750,000 Orca Gold Inc. Options Wang, Jingbin 4, 6 18/04/2013 50 0.9 636,667 200,000 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 15/04/2013 10 0.45 299,900 17,000 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 16/04/2013 10 0.45 335,400 35,500 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 16/04/2013 10 0.44 345,400 10,000 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 16/04/2013 10 0.43 362,400 17,000 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 17/04/2013 10 0.45 456,900 94,500 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 17/04/2013 10 0.44 468,400 11,500 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 17/04/2013 10 0.445 472,400 4,000 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 17/04/2013 10 0.435 473,400 1,000 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 17/04/2013 10 0.43 473,900 500 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 18/04/2013 10 0.445 474,900 1,000 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 18/04/2013 10 0.44 480,900 6,000 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 18/04/2013 10 0.43 485,900 5,000 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 18/04/2013 10 0.425 486,900 1,000 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 18/04/2013 10 0.42 488,900 2,000 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 18/04/2013 10 0.4 509,400 20,500 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 18/04/2013 10 0.39 512,400 3,000 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 18/04/2013 10 0.38 517,400 5,000 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 18/04/2013 10 0.375 521,400 4,000 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 19/04/2013 10 0.445 522,400 1,000 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 19/04/2013 10 0.425 555,400 33,000 PACIFIC & WESTERN CREDIT CORP.

Common Shares Brabander, Robbert-Jan 7 17/04/2013 10 1.25 28,000 10,000

PACIFIC & WESTERN CREDIT CORP.





Common Shares Bratton, David A. 7 31/03/2013 35 11,778 253


Common Shares Hillier, Arnold Edward 4, 7 31/03/2013 35 43,076 679


Common Shares Lalani, Gulamali 5 31/03/2013 35 226 25


Common Shares Litton, Colin Edward 7 31/03/2013 35 17,608 201


Common Shares Mizzen, Scott Andrew 5 31/03/2013 35 6,056 76


Common Shares Oliver, Paul G. 4, 7 31/03/2013 35 3,839 253


Common Shares Ritchie, Charles Scott 7 31/03/2013 35 97,631 304


Common Shares Taylor, Jonathan Francis Patrick

7, 5 31/03/2013 35 24,610 507

Pacific North West Capital Corp.

Common Shares Barr, Harry 4, 5 11/04/2013 10 0.05 81,666 5,000

Pacific Rubiales Energy Corp.

Common Shares Pantin, Ronald 4, 5 17/04/2013 10 19.6 1,674,000 -800



















Insider Reporting

April 25, 2013 (2013) 36 OSCB 4517



Acquired/ Disposed


Common Shares Pantin, Ronald 4, 5 17/04/2013 10 19.7 1,669,200 -1,800







































































Insider Reporting

April 25, 2013 (2013) 36 OSCB 4518



Acquired/ Disposed


















































Notes Notes Exp. 2023 Volk, Peter Joseph 5 15/04/2013 47 $0 -$400,000

Pacific Therapeutics Ltd. Options Beniston, Michael Greg 4 05/04/2013 50 0.1 425,000 50,000 Pacific Therapeutics Ltd. Options Rodrigueza, Wendi 4 05/04/2013 50 0.1 200,000 50,000 Pacific Therapeutics Ltd. Options Sinclair, Derick Graham 5 05/04/2013 50 0.1 250,000 100,000 Pacific Therapeutics Ltd. Common Shares Unwin, Dougas Harry 3, 4, 5 22/02/2013 30 0.05 200,000 Pacific Therapeutics Ltd. Common Shares Unwin, Dougas Harry 3, 4, 5 22/02/2013 30 0.05 200,000 Pacific Therapeutics Ltd. Options Unwin, Dougas Harry 3, 4, 5 05/04/2013 50 0.1 700,000 100,000 Pacific Therapeutics Ltd. Warrants Unwin, Dougas Harry 3, 4, 5 22/02/2013 53 0.22 100,000 Pacific Therapeutics Ltd. Warrants Unwin, Dougas Harry 3, 4, 5 22/02/2013 53 0.22 100,000 Pacific Therapeutics Ltd. Common Shares Wallis, Douglas 4 22/02/2013 30 0.05 350,510 200,000 Pacific Therapeutics Ltd. Options Wallis, Douglas 4 10/05/2011 00 Pacific Therapeutics Ltd. Options Wallis, Douglas 4 03/07/2012 50 0.1 100,000 100,000 Pacific Therapeutics Ltd. Options Wallis, Douglas 4 04/04/2013 50 0.1 150,000 50,000 Pacific Therapeutics Ltd. Warrants Wallis, Douglas 4 22/02/2013 30 0.22 300,000 100,000 Painted Pony Petroleum Ltd. Common Shares Hanbury, Edwin Stewart 5 19/04/2013 10 9.6306 26,335 2,600

Pan American Silver Corp. Common Shares Carroll, Michael Louis 4 16/04/2013 10 12.695 5,000 1,000 Pancontinental Uranium Corporation (formerly, Centram Exploration Ltd.)

Common Shares McMurdie, Mark Andrew 5 17/04/2013 10 0.055 708,000 53,000

Panoro Minerals Ltd. Warrants Shaheen, Luquman 4, 5 17/04/2013 55 0.45 60,000 30,000 Parallel Energy Trust Rights (TURIP) Alexander, Richard M. 4 15/04/2013 50 4.26 571,000 500,000 Parallel Energy Trust Rights (TURIP) Philip, Scherman 4 15/04/2013 00 Parallel Energy Trust Rights (TURIP) Philip, Scherman 4 15/04/2013 50 4.26 150,000 150,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4519



Acquired/ Disposed

Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 15/04/2013 10 34.77 149,800 -700



Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 15/04/2013 10 34.77 1,191,400 -5,400









Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 15/04/2013 10 34.77 248,100 -1,100



Paramount Resources Ltd. Common Shares Class A Doyle, Lloyd M. 5 15/04/2013 57 37.117 4,539 539

Paramount Resources Ltd. Stock Incentive Program Doyle, Lloyd M. 5 15/04/2013 56 37.117 938 405

Paramount Resources Ltd. Stock Incentive Program Doyle, Lloyd M. 5 15/04/2013 57 37.117 399 -539

Paramount Resources Ltd. Common Shares Class A Kinvig, Paul Robert 5 15/04/2013 57 37.117 8,266 1,161

Paramount Resources Ltd. Stock Incentive Program Kinvig, Paul Robert 5 15/04/2013 56 37.117 2,345 1,115

Paramount Resources Ltd. Stock Incentive Program Kinvig, Paul Robert 5 15/04/2013 57 37.117 1,184 -1,161

Paramount Resources Ltd. Common Shares Class A Lee, Bernard K. 5 12/04/2013 10 37.52 313,009 6,800

Paramount Resources Ltd. Common Shares Class A Lee, Bernard K. 5 15/04/2013 57 37.117 315,428 2,419

Paramount Resources Ltd. Stock Incentive Program Lee, Bernard K. 5 15/04/2013 56 37.117 5,027 2,590

Paramount Resources Ltd. Stock Incentive Program Lee, Bernard K. 5 15/04/2013 57 37.117 2,608 -2,419

Paramount Resources Ltd. Common Shares Class A McMillan, Geoffrey W. P. 5 15/04/2013 57 37.117 11,920 1,514

Paramount Resources Ltd. Stock Incentive Program McMillan, Geoffrey W. P. 5 15/04/2013 56 37.117 2,908 1,392

Paramount Resources Ltd. Stock Incentive Program McMillan, Geoffrey W. P. 5 15/04/2013 57 37.117 1,394 -1,514

Paramount Resources Ltd. Common Shares Class A Purdy, Darrel S. 5 15/04/2013 57 37.117 17,330 2,585

Paramount Resources Ltd. Stock Incentive Program Purdy, Darrel S. 5 15/04/2013 56 37.117 5,669 3,368

Paramount Resources Ltd. Stock Incentive Program Purdy, Darrel S. 5 15/04/2013 57 37.117 3,084 -2,585

Paramount Resources Ltd. Common Shares Class A Riddell, Clayton H. 3, 4, 5 15/04/2013 46 37.117 56,027 10,000

Paramount Resources Ltd. Common Shares Class A Riddell, Clayton H. 3, 4, 5 16/04/2013 51 7.34 556,027 500,000

Paramount Resources Ltd. Options Riddell, Clayton H. 3, 4, 5 16/04/2013 10 7.34 -500,000

Paramount Resources Ltd. Options Riddell, Clayton H. 3, 4, 5 16/04/2013 51 7.34 550,000 -500,000

Paramount Resources Ltd. Common Shares Class A Riddell, James H. T. 4, 5 12/04/2013 51 7.34 766,529 680,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4520



Acquired/ Disposed

Paramount Resources Ltd. Common Shares Class A Riddell, James H. T. 4, 5 12/04/2013 10 37.625 466,529 -300,000

Paramount Resources Ltd. Common Shares Class A Riddell, James H. T. 4, 5 15/04/2013 46 37.117 501,529 35,000

Paramount Resources Ltd. Options Riddell, James H. T. 4, 5 12/04/2013 51 7.34 750,000 -680,000

Paramount Resources Ltd. Common Shares Class A Shier, E. Mitchell 5 15/04/2013 57 37.117 2,122 2,122

Paramount Resources Ltd. Stock Incentive Program Shier, E. Mitchell 5 15/04/2013 56 37.117 4,274 1,997

Paramount Resources Ltd. Stock Incentive Program Shier, E. Mitchell 5 15/04/2013 57 37.117 2,152 -2,122

Paramount Resources Ltd. Common Shares Class A Wittenberg, Joerg 5 15/04/2013 57 37.117 1,870 869

Paramount Resources Ltd. Stock Incentive Program Wittenberg, Joerg 5 15/04/2013 56 37.117 1,688 833

Paramount Resources Ltd. Stock Incentive Program Wittenberg, Joerg 5 15/04/2013 57 37.117 819 -869

Parkland Fuel Corporation Common Shares Bechtold, John Frederick 4 17/04/2013 30 16.45 46,038 5 Parkland Fuel Corporation Restricted Common

SharesCruickshank, Andrew Stuart 5 15/04/2013 97 16.45 5,367 8

Parkland Fuel Corporation Common Shares Dinning, James Francis 4 17/04/2013 30 16.45 66,503 43 Parkland Fuel Corporation Common Shares Espey, Robert Berthold 5 19/03/2013 30 16.8 64,343 322 Parkland Fuel Corporation Restricted Common

SharesEspey, Robert Berthold 5 15/04/2013 97 16.45 35,521 56

Parkland Fuel Corporation Common Shares Ferland, Alain 4 17/04/2013 30 16.45 92,305 5 Parkland Fuel Corporation Common Shares Fink, Bob 5 19/03/2013 30 16.8 4,400 22 Parkland Fuel Corporation Restricted Common

SharesFink, Bob 5 15/04/2013 97 16.45 7,998 12

Parkland Fuel Corporation Common Shares Kilty, Colin Peter 5 19/03/2013 30 16.8 1,618 8 Parkland Fuel Corporation Common Shares Lambert, Michael Robert 5 19/03/2013 30 16.8 4,283 21 Parkland Fuel Corporation Restricted Common

SharesLambert, Michael Robert 5 15/04/2013 30 16.45 16,556 26

Parkland Fuel Corporation Common Shares McMillan, Michael Stanley Howie

5 19/03/2013 30 16.8 25 2

Parkland Fuel Corporation Restricted Common Shares

McMillan, Michael Stanley Howie

5 15/04/2013 97 16.45 4,531 4

Parkland Fuel Corporation Common Shares Pantelidis, James 4 15/04/2013 30 16.45 190,279 287 Parkland Fuel Corporation Common Shares Pantelidis, James 4 16/04/2013 30 16.45 190,482 203 Parkland Fuel Corporation Common Shares Pantelidis, James 4 17/04/2013 30 16.45 190,801 319 Parkland Fuel Corporation Common Shares ROGERS, Ronald D. 4 17/04/2013 30 16.45 38,379 200 Parkland Fuel Corporation Common Shares Rouse, William James 5 19/03/2013 30 16.8 4,258 21 Parkland Fuel Corporation Restricted Common

SharesRouse, William James 5 15/04/2013 97 16.45 5,974 4

Parkland Fuel Corporation Common Shares Savage, Jane Elizabeth 5 19/03/2013 30 16.8 3,843 19 Parkland Fuel Corporation Restricted Common

SharesSavage, Jane Elizabeth 5 15/04/2013 97 16.45 8,045 12

Parkland Fuel Corporation Common Shares Spencer, David 4 17/04/2013 30 16.45 12,893 22 Parkland Fuel Corporation Restricted Common

SharesStrating, Donna Jeanne 5 15/04/2013 97 16.45 8,344 12

Parkland Fuel Corporation Common Shares Willms, Allan 5 19/03/2013 30 16.8 2,130 4 Parkland Fuel Corporation Restricted Common

SharesWillms, Allan 5 15/04/2013 97 16.45 6,834 8

Partner Jet Corp. Common Shares Herman, Michael William 3 18/04/2013 10 0.05 1,366,834 6,000 Pathfinder Convertible Debenture Fund

Trust Units Brasseur, Jeremy 6 29/10/2010 00

Pathfinder Convertible Debenture Fund

Trust Units Brasseur, Jeremy 6 11/04/2013 10 10.999 5,500 5,500


Trust Units Pathfinder Convertible Debenture Fund

1 01/04/2013 38 11.19 4,581,136 2,400



1 02/04/2013 38 11.18 4,582,336 1,200



1 03/04/2013 38 11.21 4,583,736 1,400



1 04/04/2013 38 11.13 4,586,236 2,500



1 05/04/2013 38 11.1 4,587,936 1,700



1 08/04/2013 38 11.15 4,589,636 1,700



1 09/04/2013 38 11.14 4,590,036 400

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4521



Acquired/ Disposed



1 10/04/2013 38 11.01 4,599,536 9,500



1 11/04/2013 38 11 4,606,036 6,500



1 12/04/2013 38 11 4,615,436 9,400



1 15/04/2013 38 10.95 4,618,136 2,700



1 16/04/2013 38 10.86 4,619,336 1,200

Peer 1 Network Enterprises, Inc.

Common Shares 0957926 B.C. Ltd. 3 31/01/2013 00


Common Shares 0957926 B.C. Ltd. 3 31/01/2013 00 124,112,692


Common Shares 0957926 B.C. Ltd. 3 31/01/2013 22 3.85 124,112,692





Pengrowth Energy Corporation

Common Shares Rosine, Bob 5 12/04/2013 10 5.06 17,400 2,000

People Corporation Common Shares Asmundson, Paul Edward 7 15/04/2013 10 0.5999 184,609 543 People Corporation Common Shares Canning, Brevan 5 15/04/2013 10 0.5999 503,520 651 People Corporation Common Shares Chwartacki, Bonnie 5 15/04/2013 10 0.5999 366,719 803 People Corporation Common Shares Gallivan, John Brian 5 15/04/2013 10 0.5999 1,743,827 1,041 People Corporation Common Shares Goldberg, Laurie Marc 3, 4, 5 15/04/2013 10 0.5999 60,821 1,259 People Corporation Common Shares Horner, Graeme Jeremy 7 15/04/2013 10 0.5999 66,627 465 People Corporation Common Shares Johnstone, Eric Roch 7 15/04/2013 10 0.5999 73,274 451 People Corporation Common Shares McFerran, John Ronald 3 17/04/2013 10 0.6 1,756,373 -24,000 People Corporation Common Shares McFerran, John Ronald 3 15/04/2013 10 0.6 1,748,374 -500 People Corporation Common Shares Pittman, Glenn Michael 5 15/04/2013 10 0.5999 24,628 543 Pepcap Ventures Inc. Common Shares Andrup, Claus Erik 4 17/04/2013 10 0.14 676,955 2,000 Peregrine Diamonds Ltd. Common Shares Dundee Corporation 3 16/04/2013 10 0.35 18,384,856 -232,000 Peregrine Diamonds Ltd. Common Shares Dundee Corporation 3 17/04/2013 10 0.34 18,231,856 -153,000 Peregrine Diamonds Ltd. Common Shares Friedland, Eric 3, 4, 5 12/04/2013 10 0.37 16,358,816 50,000 Peregrine Diamonds Ltd. Common Shares Friedland, Eric 3, 4, 5 17/04/2013 10 0.32 16,397,316 38,500 PetroBakken Energy Ltd. Options Bulmer, Mary Ann 5 12/04/2013 38 185,320 -100,000 PetroBakken Energy Ltd. Options Bulmer, Mary Ann 5 12/04/2013 38 122,250 -63,070 PetroBakken Energy Ltd. Options Fisher, Lawrence Patrick

Joseph5 12/04/2013 38 202,490 -40,000

PetroBakken Energy Ltd. Options Fisher, Lawrence Patrick Joseph

5 12/04/2013 38 172,490 -30,000

PetroBakken Energy Ltd. Options Fisher, Lawrence Patrick Joseph

5 12/04/2013 38 109,840 -62,650

PetroBakken Energy Ltd. Options Glemser, Lars William 5 12/04/2013 38 84,750 -17,750 PetroBakken Energy Ltd. Options Glemser, Lars William 5 12/04/2013 38 69,750 -15,000 PetroBakken Energy Ltd. Options Hawkes, Peter Norman 5 12/04/2013 38 193,195 -100,000 PetroBakken Energy Ltd. Options Hawkes, Peter Norman 5 12/04/2013 38 125,750 -67,445 PetroBakken Energy Ltd. Options Kanters, William 5 12/04/2013 38 187,695 -100,000 PetroBakken Energy Ltd. Options Kanters, William 5 12/04/2013 38 120,250 -67,445 PetroBakken Energy Ltd. Options LaPrade, Rene 5 12/04/2013 38 274,070 -130,000 PetroBakken Energy Ltd. Options LaPrade, Rene 5 12/04/2013 38 173,500 -100,570 PetroBakken Energy Ltd. Options Malley, Bradford James 5 12/04/2013 38 131,313 -65,000 PetroBakken Energy Ltd. Options Salahub, David William 5 12/04/2013 38 135,000 -20,000 PetroBakken Energy Ltd. Options Scheidt, Doreen Marie 5 12/04/2013 38 142,275 -60,000 PetroBakken Energy Ltd. Options Scheidt, Doreen Marie 5 12/04/2013 38 127,275 -15,000 PetroBakken Energy Ltd. Options Scheidt, Doreen Marie 5 12/04/2013 38 86,250 -41,025 PetroBakken Energy Ltd. Options Scott, Peter D. 5 12/04/2013 38 275,820 -130,000 PetroBakken Energy Ltd. Options Scott, Peter D. 5 12/04/2013 38 175,250 -100,570 PetroBakken Energy Ltd. Options WRIGHT, JOHN DAVID 4, 5 17/04/2013 38 524,250 -62,000 Peyto Exploration & Development Corp.

Common Shares Gray, Don 4 16/04/2013 10 27.336 3,112,383 -75,000

Peyto Exploration & Development Corp.

Common Shares Robinson, Scott 5 16/04/2013 10 27.2 472,657 -7,000

Phoscan Chemical Corp. Common Shares Case, Stephen Dunbar 4, 5 17/04/2013 10 0.245 3,147,895 27,000 Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 26/03/2013 38 0.26 717,420 599,000 Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 27/03/2013 38 0.26 737,204 19,784 Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 01/04/2013 38 0.26 620,284 1,500 Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 02/04/2013 38 0.26 640,068 19,784 Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 03/04/2013 38 0.2551 659,852 19,784 Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 04/04/2013 38 0.2551 679,636 19,784 Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 05/04/2013 38 0.255 699,136 19,500 Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 08/04/2013 38 0.2551 718,920 19,784

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4522



Acquired/ Disposed

Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 09/04/2013 38 0.255 735,420 16,500 Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 10/04/2013 38 0.255 19,784 Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 10/04/2013 38 0.26 755,204 19,784 Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 15/04/2013 38 0 -755,204 Pilot Gold Inc. Common Shares REID, PATRICK GORDON 5 12/04/2013 10 1.41 120,000 2,000

Platino Energy Corp. Options Modarelli, Andres Guillermo 5 16/04/2013 50 1.4 400,000 35,000

Platinum Group Metals Ltd. Common Shares Begic, Kris 5 12/04/2013 10 1.43 76,200 1,500

Platinum Group Metals Ltd. Common Shares Jones, R. Michael 4, 5 18/04/2013 10 1.14 79,107 2,500

PMI Gold Corporation Common Shares ASHTON, ROSS E. 4 16/04/2013 10 700,000 200,000 PNO Resources Ltd. Common Shares Louth, Christy Mary 4, 5 17/04/2013 00 35,000 PNO Resources Ltd. Options Louth, Christy Mary 4, 5 17/04/2013 00 100,000 Polaris Minerals Corporation Common Shares Ullstrom, Garry Philip 7 18/04/2013 10 1.12 89,200 2,000

Power Corporation of Canada

Options Vial, Arnaud 5 23/02/2005 50 36,000


Options Vial, Arnaud 5 23/02/2005 50 36,000


Options Vial, Arnaud 5 23/02/2005 50 32.025 496,020 36,000

Power Financial Corporation Common Shares Gratton, Robert 4 12/04/2013 10 28.603 3,223,009 -191,000




Power Financial Corporation Options Orr, Robert Jeffrey 4, 6, 7, 5 12/05/2005 50 2,015,000

Power Financial Corporation Options Orr, Robert Jeffrey 4, 6, 7, 5 12/05/2005 50 2,015,000

Power Financial Corporation Options Orr, Robert Jeffrey 4, 6, 7, 5 12/05/2005 50 32.235 2,015,000 2,015,000

Power Financial Corporation Options Orr, Robert Jeffrey 4, 6, 7, 5 16/07/2008 50 800,000

Power Financial Corporation Options Orr, Robert Jeffrey 4, 6, 7, 5 16/07/2008 50 800,000

Power Financial Corporation Options Orr, Robert Jeffrey 4, 6, 7, 5 16/07/2008 50 29.625 2,815,000 800,000

Premier Gold Mines Limited Common Shares Scherkus, Ebe 4 18/04/2013 10 1.73 222,900 12,900

Premier Gold Mines Limited Common Shares Scherkus, Ebe 4 18/04/2013 10 1.74 240,000 17,100

Primary Petroleum Corporation

Common Shares Marrandino, Michele 4, 5 17/04/2013 10 0.06 1,805,423 55,000

Primary Petroleum Corporation

Common Shares Marrandino, Michele 4, 5 17/04/2013 10 0.06 1,931,423 126,000

Primero Mining Corp. Rights Phantom Share Units

Adams, Renaud 5 15/04/2013 59 344,275 -76,923


Blaiklock, David 5 15/04/2013 59 254,093 -50,000


Brown, Tamara Lee 5 15/04/2013 59 155,425 -27,564


Conway, Joseph Francis 4, 5 15/04/2013 59 1,474,562 -153,846


Ehrli Torres, Hubert Jose 7 15/04/2013 59 76,848 -9,700


Lendon, Heather Maura 5 15/04/2013 59 166,007 -50,000


McMillan, Victoria 5 15/04/2013 59 61,347 -15,385


Nesmith, Wade Donald 4 15/04/2013 59 1,088,914 -291,667


Sandison, David James 5 15/04/2013 59 140,520 -35,256

ProMetic Life Sciences Inc. Options Anthony, G.F. Kym 4 04/06/2012 55 0.46 -50,000

ProMetic Life Sciences Inc. Options Anthony, G.F. Kym 4 04/06/2012 52 0.46 1,100,000 -50,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4523



Acquired/ Disposed

ProMetic Life Sciences Inc. Common Shares Dumais, Frédéric 5 19/04/2013 10 0.305 355,000 15,000

Puma Exploration Inc. Common Shares Robillard, Marcel 4, 5 13/04/2013 10 0.125 935,000 2,500 Pure Industrial Real Estate Trust

Restricted Units Bogusz, James K 4 15/03/2013 56 397

Pure Industrial Real Estate Trust

Restricted Units Bogusz, James K 4 15/03/2013 97 9,469 397


Restricted Units Scott, Douglas R. 4 15/03/2013 56 477


Restricted Units Scott, Douglas R. 4 15/03/2013 97 11,362 477


Restricted Units Tam, Francis 5 15/03/2013 56 1,487


Restricted Units Tam, Francis 5 15/03/2013 97 41,860 1,487

QRS Capital Corp. Common Shares Roberts, Paul 4, 5 11/04/2013 10 0.1 754,000 30,000 QRS Capital Corp. Common Shares Rogers, James Arnold 4 15/04/2013 10 0.0991 257,500 202,500 QRS Capital Corp. Common Shares Seaman, John 4, 5 12/04/2013 10 0.1 1,460,000 15,000 QSOLAR Limited Common Shares Centrium Enterprises Ltd. 3 15/04/2013 16 0.75 13,333,333 4,666,666 QSOLAR Limited Warrants Centrium Enterprises Ltd. 3 05/04/2013 00 QSOLAR Limited Warrants Centrium Enterprises Ltd. 3 15/04/2013 16 1 6,666,667 6,666,667 Rainbow Resources Inc. Common Shares Johnston, David Walter 4, 5 10/04/2013 10 0.09 201,000 1,000 Rainbow Resources Inc. Common Shares Johnston, David Walter 4, 5 11/04/2013 10 0.085 203,000 2,000 Rainmaker Entertainment Inc.

Convertible Debentures 8% Unsecured; Conversion: $0.20; Maturity: 03/2016

Graham, Craig Lawrence 4, 5 01/06/2010 00

Rainmaker Entertainment Inc.


Graham, Craig Lawrence 4, 5 12/04/2013 11 0.2 $275,000 $275,000



Graham, Craig Lawrence 4, 5 01/06/2010 00



Graham, Craig Lawrence 4, 5 12/04/2013 11 0.2 $125,000 $125,000


Options Graham, Craig Lawrence 4, 5 01/06/2010 00 25,000



McElvaine, Timothy Andrew 7 18/11/2008 00



McElvaine, Timothy Andrew 7 15/04/2013 11 $15,000 $15,000






McElvaine, Timothy Andrew 7 15/04/2013 11 $1,600,000 $1,600,000


Rights -3,000 Rights for $1,000 Principal Amount Debenture




McElvaine, Timothy Andrew 7 15/04/2013 56 50,000 50,000



McElvaine, Timothy Andrew 7 15/04/2013 90 0 -50,000






McElvaine, Timothy Andrew 7 15/04/2013 90 50,000 50,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4524



Acquired/ Disposed



McElvaine, Timothy Andrew 7 15/04/2013 57 5,000 -45,000



McElvaine, Timothy Andrew 7 15/04/2013 58 - Expiration of rights

0 -5,000






McElvaine, Timothy Andrew 7 15/04/2013 56 5,451,228 5,451,228



McElvaine, Timothy Andrew 7 15/04/2013 57 651,228 -4,800,000



McElvaine, Timothy Andrew 7 15/04/2013 58 - Expiration of rights

0 -651,228

Ravensource Fund (formerly The First Asia Income Fund)

Trust Units Hodgson, Patrick William Egerton

3 11/04/2013 10 10.9 60,310 100

Red Tiger Mining Inc. - Formerly Zaruma Resources Inc.

Common Shares Lurie, David 5 17/04/2013 90 104,850 -977,600

REIT INDEXPLUS Income Fund

Trust Units REIT Indexplus Income Fund

1 01/04/2013 38 11.75 4,854,558 400



1 02/04/2013 38 11.7 4,854,858 300



1 03/04/2013 38 11.8 4,854,958 100



1 05/04/2013 38 11.68 4,856,158 1,200



1 09/04/2013 38 11.89 4,857,558 1,400

RepliCel Life Sciences Inc. Common Shares Hoffmann, Rolf 4, 5 10/04/2013 11 0.309 2,966,419 161,290 RepliCel Life Sciences Inc. Common Shares Hoffmann, Rolf 4, 5 10/04/2013 53 0.001 3,127,709 161,290 RESAAS Services Inc. Common Shares Brandolini, Cory 3, 4, 5 16/04/2013 10 4,041,801 5,500 Richelieu Hardware Ltd. Common Shares Auclair, Antoine 5 11/04/2013 30 39.955 1,319 72 Richelieu Hardware Ltd. Common Shares Dion, Christian 5 11/04/2013 30 39.955 2,281 19 Richelieu Hardware Ltd. Common Shares Grenier, Guy 5 11/04/2013 30 39.955 29,491 72 Richelieu Hardware Ltd. Common Shares Grenier, Guy 5 17/04/2013 10 39.25 28,091 -1,400 Richelieu Hardware Ltd. Common Shares Grenier, Guy 5 18/04/2013 10 39.25 27,791 -300 Richelieu Hardware Ltd. Common Shares Ladouceur, Christian 5 11/04/2013 30 39.955 771 48 Richelieu Hardware Ltd. Common Shares Lord, Richard 4, 5 11/04/2013 30 39.955 1,400,331 97 Richelieu Hardware Ltd. Common Shares Quevillon, Geneviève 5 11/04/2013 30 39.955 1,190 36 Richelieu Hardware Ltd. Common Shares Quevillon, Geneviève 5 16/04/2013 51 39.12 8,690 7,500 Richelieu Hardware Ltd. Common Shares Quevillon, Geneviève 5 16/04/2013 10 39.4 8,390 -300 Richelieu Hardware Ltd. Common Shares Quevillon, Geneviève 5 16/04/2013 10 39.147 1,190 -7,200 Richelieu Hardware Ltd. Options Quevillon, Geneviève 5 16/04/2013 51 39.12 5,500 -7,500 Rift Valley Resources Corp. Common Shares Raven, Wesley Donald

Thomas5 09/04/2013 00 100,000

Rift Valley Resources Corp. Common Shares Robb, Warren 5 21/12/2012 00

Rift Valley Resources Corp. Common Shares Robb, Warren 5 21/12/2012 00

Rift Valley Resources Corp. Common Shares Robb, Warren 5 09/04/2013 11 0.075 100,000

Rift Valley Resources Corp. Common Shares Robb, Warren 5 09/04/2013 11 0.075 100,000

Rio Novo Gold Inc. Ordinary Share Carvalho, Julio Lameiras 4, 5 18/04/2013 57 1,108,230 25,000 Rio Novo Gold Inc. Restricted Stock Unit Carvalho, Julio Lameiras 4, 5 18/04/2013 57 0.18 25,000 -25,000 Rock Energy Inc. Options Clark, Stuart George 4 05/04/2013 52 4.18 45,000 -7,000 Rock Energy Inc. Options Hirtle, Gregory Todd 5 15/11/2012 50 210,000 Rock Energy Inc. Options Hirtle, Gregory Todd 5 15/11/2012 50 70,000 Rock Energy Inc. Options Hirtle, Gregory Todd 5 15/11/2012 50 210,000 Rock Energy Inc. Options Hirtle, Gregory Todd 5 15/11/2012 50 70,000 70,000 Rock Energy Inc. Options Hirtle, Gregory Todd 5 18/04/2013 50 180,000 70,000 Rock Energy Inc. Options Hirtle, Gregory Todd 5 18/04/2013 50 250,000 70,000 Rock Energy Inc. Options McDonald, Joshua 5 25/01/2013 50 1.31 300,000 Rock Energy Inc. Options McDonald, Joshua 5 25/01/2013 50 1.31 100,000 Rock Energy Inc. Options McDonald, Joshua 5 25/01/2013 50 1.31 100,000 100,000 Rock Energy Inc. Options McDonald, Joshua 5 18/04/2013 50 1.31 100,000 Rock Energy Inc. Options McDonald, Joshua 5 18/04/2013 50 1.31 200,000 100,000 Rock Energy Inc. Options McDonald, Joshua 5 18/04/2013 50 1.31 100,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4525



Acquired/ Disposed

Rock Energy Inc. Options McDonald, Joshua 5 18/04/2013 50 1.31 300,000 100,000 Rock Energy Inc. Options Slavin, William Howard 4 08/04/2013 50 1.18 6,666 Rock Energy Inc. Options Slavin, William Howard 4 08/04/2013 50 1.18 62,334 6,667 Rock Energy Inc. Options Slavin, William Howard 4 08/04/2013 50 1.18 6,667 Rock Energy Inc. Options Slavin, William Howard 4 08/04/2013 50 1.18 69,000 6,666 RockBridge Resources Inc. Common Shares Mathiesen, Steve 4, 5 11/04/2013 10 0.01 399,346 1,000

RockBridge Resources Inc. Common Shares Mathiesen, Steve 4, 5 12/04/2013 10 0.01 428,346 29,000



RockBridge Resources Inc. Common Shares Van de Mosselaer, Adrian Joseph

4 15/04/2013 10 0.01 107,000 50,000

Rockex Mining Corporation (formerly Enviropave International Ltd.)

Common Shares Filion, Gilles 4 17/04/2013 16 0.08 1,070,000 250,000


Warrants Filion, Gilles 4 17/04/2013 16 270,000 250,000


Common Shares Sheldon, Donald A. 4 17/04/2013 16 0.08 923,371 153,371


Warrants Sheldon, Donald A. 4 17/04/2013 16 523,371 153,371


Common Shares Stewart, Stephen Alexander Nelson

5 19/11/2012 00


Common Shares Stewart, Stephen Alexander Nelson

5 17/04/2013 16 0.08 125,000 125,000


Warrants Stewart, Stephen Alexander Nelson

5 19/11/2012 00


Warrants Stewart, Stephen Alexander Nelson

5 17/04/2013 16 125,000 125,000


Common Shares Tondeur, Jonathan 4 17/04/2013 16 0.08 3,777,326 1,000,000


Warrants Tondeur, Jonathan 4 17/04/2013 16 1,196,618 1,000,000


Common Shares Yew, Edward 5 17/04/2013 16 0.08 150,000 125,000


Warrants Yew, Edward 5 18/06/2012 00


Warrants Yew, Edward 5 17/04/2013 16 125,000 125,000

Rockhaven Resources Ltd. Common Shares Eaton, William Douglas 6 15/04/2013 10 2,696,000 25,000

Rockland Minerals Corp. Common Shares Mlait, Ravinder 4, 5 15/04/2013 10 0.015 1,202,500 7,000 Rockland Minerals Corp. Common Shares Mlait, Ravinder 4, 5 18/04/2013 10 0.02 1,207,500 5,000 Rogers Sugar Inc. Common Shares Belkin Enterprises Ltd. 3 18/04/2013 10 6.11 11,215,200 7,000 Romarco Minerals Inc Common Shares Arnold, James Raymond 5 11/05/2009 00

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4526



Acquired/ Disposed

Romarco Minerals Inc Common Shares Arnold, James Raymond 5 05/07/2011 10 1.646 50,000 50,000 Romarco Minerals Inc Common Shares Arnold, James Raymond 5 09/12/2011 10 0.903 51,000 1,000 Romarco Minerals Inc Common Shares Arnold, James Raymond 5 12/12/2011 10 1.0045 53,000 2,000 Romarco Minerals Inc Common Shares Arnold, James Raymond 5 13/12/2011 10 0.974 53,300 300 Romarco Minerals Inc Common Shares Arnold, James Raymond 5 13/12/2011 10 0.964 58,000 4,700 Romarco Minerals Inc Common Shares Arnold, James Raymond 5 15/03/2012 10 0.938 60,000 2,000 Romarco Minerals Inc Common Shares Arnold, James Raymond 5 15/03/2012 10 0.9355 62,000 2,000 Romarco Minerals Inc Common Shares Arnold, James Raymond 5 15/03/2012 10 0.928 62,500 500 Romarco Minerals Inc Common Shares Arnold, James Raymond 5 15/03/2012 10 0.9275 64,000 1,500 Romarco Minerals Inc Common Shares Arnold, James Raymond 5 16/03/2012 10 0.9185 66,000 2,000 Romarco Minerals Inc Common Shares Garrett, Diane Renee 4, 5 18/04/2013 10 0.4782 1,553,000 16,500 Romarco Minerals Inc Common Shares Garrett, Diane Renee 4, 5 18/04/2013 10 0.4782 1,561,500 8,500 Romarco Minerals Inc Common Shares Garrett, Diane Renee 4, 5 18/04/2013 10 0.4682 1,568,000 6,500 RONA inc. Common Shares Dorval, T Bernard 4 20/01/2013 00 RONA inc. Common Shares Dorval, T Bernard 4 26/03/2013 10 11.15 1,500 1,500 RONA inc. Common Shares Dorval, T Bernard 4 01/04/2013 10 10.95 3,000 1,500 RONA inc. Common Shares Dorval, T Bernard 4 04/04/2013 10 10.69 4,500 1,500 RONA inc. Unités d'actions

restreintes/Restricted Share Units

Dumont, Normand 5 31/03/2010 38 -24,620

RONA inc. Unités d'actions restreintes/Restricted Share Units

Dumont, Normand 5 31/03/2010 38 -24,620


Dumont, Normand 5 25/02/2011 38 -27,200


Dumont, Normand 5 25/02/2011 38 -27,200


Dumont, Normand 5 26/12/2011 35 4,375


Dumont, Normand 5 26/12/2011 35 4,375


Dumont, Normand 5 10/03/2012 38 -82,734


Dumont, Normand 5 10/03/2012 38 -82,734


Dumont, Normand 5 26/05/2012 59 -6,492


Dumont, Normand 5 26/05/2012 59 -6,492


Dumont, Normand 5 30/12/2012 35 3,608


Dumont, Normand 5 30/12/2012 35 3,608


Dutton, Robert 4, 5 31/03/2010 38 -24,620


Dutton, Robert 4, 5 31/03/2010 38 -24,620 -24,620


Dutton, Robert 4, 5 25/02/2011 38 -27,200


Dutton, Robert 4, 5 25/02/2011 38 378,000 -27,200


Dutton, Robert 4, 5 26/12/2011 35 441,375 4,375


Dutton, Robert 4, 5 10/03/2012 38 448,741 -82,734


Dutton, Robert 4, 5 26/05/2012 59 9.3335 407,374 -41,367

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4527



Acquired/ Disposed


Dutton, Robert 4, 5 26/12/2012 35 4,375


Dutton, Robert 4, 5 30/12/2012 35 410,982 3,608

RONA inc. Common Shares Hébert, Jean-Guy 4 23/02/2012 30 9.56 56,810 7,844 RONA inc. Common Shares Michaud, Linda 5 16/04/2013 10 10.28 54,839 1,485 Rosa Capital Inc. Options Nerland, Dennis Leroy 4 10/10/2012 00 Rosa Capital Inc. Options Nerland, Dennis Leroy 4 19/04/2013 50 145,000 Rosa Capital Inc. Options Nerland, Dennis Leroy 4 19/04/2013 50 145,000 145,000 Royal Bank of Canada Common Shares Friis, Morten Nicolai 5 19/04/2013 51 31.315 78,856 2,503 Royal Bank of Canada Common Shares Friis, Morten Nicolai 5 19/04/2013 10 61.43 77,226 -1,630 Royal Bank of Canada Options Friis, Morten Nicolai 5 19/04/2013 51 31.315 423,594 -2,503 Royal Host Inc. Common Shares Clarke Inc. 3 12/04/2013 10 1 5,635,468 290,900 Royal Host Inc. Common Shares Clarke Inc. 3 15/04/2013 10 0.89 6,000 Royal Host Inc. Common Shares Clarke Inc. 3 15/04/2013 10 0.89 5,641,468 6,000 Royal Host Inc. Common Shares Clarke Inc. 3 16/04/2013 10 0.89 5,643,468 2,000 Royal Host Inc. Convertible Debentures

5.90% unsecured subordinated, Series D, due June 30, 2014

Clarke Inc. 3 12/04/2013 10 90 $3,042,000 $2,288,000

Royal Host Inc. Convertible Debentures 6.25% unsecured subordinated, Series C, due Sept 30, 2013

Clarke Inc. 3 12/04/2013 10 90 $3,075,000 $2,799,000

Royce Resources Corp. Common Shares Reinertson, Kristen 5 17/04/2013 00 40,000 Royce Resources Corp. Options Reinertson, Kristen 5 17/04/2013 00 100,000 Rupert Resources Ltd. Common Shares Brimacombe, Alan Douglas 3 17/04/2013 16 0.1 9,579,300 1,250,000

Rupert Resources Ltd. Common Shares SUTTON, MICHAEL WILLIAM

4 10/04/2013 00 9,474

Sabina Gold & Silver Corp. Common Shares Dundee Corporation 3 16/04/2013 10 1.27 20,177,304 -38,000 Sabina Gold & Silver Corp. Common Shares Dundee Corporation 3 17/04/2013 10 1.23 20,120,304 -57,000 Sabina Gold & Silver Corp. Common Shares Dundee Corporation 3 18/04/2013 10 1.2 20,096,304 -24,000 San Gold Corporation Common Shares Berzins, Ian Martin 5 16/04/2013 10 0.2145 180,500 65,000 San Gold Corporation Common Shares Berzins, Ian Martin 5 17/04/2013 10 0.17 220,500 40,000 San Gold Corporation Common Shares Ginn, Dale 4, 5 16/04/2013 10 0.2 1,326,140 20,000 San Gold Corporation Common Shares Wynne, Hugh 4, 5 17/04/2013 10 0.17 7,826,779 39,000 San Gold Corporation Common Shares Wynne, Hugh 4, 5 17/04/2013 10 0.175 7,861,779 35,000 Sandvine Corporation Common Shares Hamilton, Scott 4 16/04/2013 51 0.63 58,253 40,000 Sandvine Corporation Common Shares Hamilton, Scott 4 16/04/2013 10 2.1 2,229 -56,024 Sandvine Corporation Options Hamilton, Scott 4 16/04/2013 51 0.63 775,947 -40,000 Saputo Inc. Participation Units UAD

nonconvertibles/Unconvertible DSU

Bouchard, Lucien 4 15/04/2013 56 38,684 500

Saputo Inc. Participation Units UAD nonconvertibles/Unconvertible DSU

Bouchard, Lucien 4 15/04/2013 56 50.899 39,058 374


Bouchard, Lucien 4 15/04/2013 56 49.762 39,219 161


Bourgie, Pierre 4 15/04/2013 56 19,005 750


Bourgie, Pierre 4 15/04/2013 56 49.762 19,083 78


Demone, Henry 4 15/04/2013 56 1,984 500


Demone, Henry 4 15/04/2013 56 50.899 2,358 374

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4528



Acquired/ Disposed


Demone, Henry 4 15/04/2013 56 49.762 2,364 6


Dottori, Frank A. 4 15/04/2013 56 39,237 500


Dottori, Frank A. 4 15/04/2013 56 50.899 39,618 381


Dottori, Frank A. 4 15/04/2013 56 49.762 39,781 163


Fata, Anthony M. 4 15/04/2013 56 17,331 500


Fata, Anthony M. 4 15/04/2013 56 50.899 17,712 381


Fata, Anthony M. 4 15/04/2013 56 49.762 17,783 71


King, Anna Lisa 4 15/04/2013 56 2,034 500


King, Anna Lisa 4 15/04/2013 56 50.899 2,415 381


King, Anna Lisa 4 15/04/2013 56 49.762 2,421 6


Meti, Antonio 4 15/04/2013 56 20,191 750


Meti, Antonio 4 15/04/2013 56 50.899 20,599 408


Meti, Antonio 4 15/04/2013 56 49.762 20,681 82


Monticciolo, Caterina 4 15/04/2013 56 24,113 500


Monticciolo, Caterina 4 15/04/2013 56 49.762 24,213 100


Saputo, Patricia 4 15/04/2013 56 22,914 500


Saputo, Patricia 4 15/04/2013 56 49.762 23,009 95

Savaria Corporation Common Shares Bernier, Hélène 5 05/04/2013 10 1.5 -4,200 Savaria Corporation Common Shares Bernier, Hélène 5 05/04/2013 10 1.5 10,100 -4,100 Savaria Corporation Common Shares Bernier, Hélène 5 05/04/2013 10 1.51 10,000 -100 Savaria Corporation Common Shares Chapdelaine, Jean-Louis 4 16/04/2013 10 1.61 50,000 -25,000 Sea Dragon Energy Inc. Common Shares Welch, Paul 5 15/04/2013 00

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4529



Acquired/ Disposed

Sea Dragon Energy Inc. Options Stock Option Plan exercisable for common shares

Welch, Paul 5 15/04/2013 00

Seabridge Gold Inc. Common Shares Layman, Jay Scott 5 15/04/2013 10 11.4 1,900 100 Seabridge Gold Inc. Common Shares Layman, Jay Scott 5 17/04/2013 10 11.15 2,000 100 Seabridge Gold Inc. Common Shares Layman, Jay Scott 5 18/04/2013 10 10 2,100 100 Secure Energy Services Inc. Common Shares

Employee Share Ownership Plan

Amirault, Rene 3, 4, 5 15/04/2013 30 12 16,245 176

Secure Energy Services Inc. Common Shares Employee Share Ownership Plan

Gransch, Allen Peter 5 15/04/2013 30 12 8,590 106


McGurk, Brian Kenneth Stanley

5 15/04/2013 30 12 3,597 113


Parkinson, Dean 7 15/04/2013 30 12 1,731 39


Steinke, Daniel 5 15/04/2013 30 12 9,231 83


WADSWORTH, GEORGE 7 15/04/2013 30 12 5,707 121


Wieler, Ronald Nicholas 5 15/04/2013 30 12 11,472 117

SEMAFO INC. Rights Restricted Share Unit

La Salle, Benoit 4 18/04/2013 56 278,577 76,786

SEMAFO INC. Common Shares Masson, Gilles 4 16/04/2013 10 1.95 70,000 15,000 Senvest Capital Inc. Options Daniel, Frank 5 05/04/2013 51 17 -13,000 Senvest Capital Inc. Options Daniel, Frank 5 05/04/2013 51 17 13,000 -13,000 ShaMaran Petroleum Corp. (formerly Bayou Bend Petroleum Ltd.)

Options Bailey, James Cameron 4 12/04/2013 50 0.36 350,000 250,000

ShaMaran Petroleum Corp. (formerly Bayou Bend Petroleum Ltd.)

Options Edgar, Brian Douglas 4 12/04/2013 50 0.36 250,000 250,000


Options Guidry, Gary Stephen 4 12/04/2013 50 250000 250,000


Options Guidry, Gary Stephen 4 12/04/2013 50 0.36 250,000 250,000


Options Hill, Keith Charles 4, 5 12/04/2013 50 0.36 1,000,000 500,000


Options Johnstone, Brenden 5 12/04/2013 50 1,200,000 850,000


Options Kabra, Pradeep 5 12/04/2013 50 3,100,000 2,100,000


Options Schneiter, Alexandre Jean Marie

4 12/04/2013 50 600,000 500,000


Options Vodola, Antonietta (Toni) 5 12/04/2013 50 25,000 25,000

Shore Gold Inc. Options Read, George Henry 5 15/04/2013 50 0.17 1,100,000 200,000 Shore Gold Inc. Options Shyluk, Greg 5 15/04/2013 50 0.17 325,000 100,000 Shoreline Energy Corp. Options Henry, Peter John 4 24/10/2011 50 6.85 20,000 Shoreline Energy Corp. Options Henry, Peter John 4 24/10/2011 38 4.09 20,000 20,000 Shoreline Energy Corp. Options Schultz, Dean 4 29/11/2012 38 6.85 0 -20,000 Shoreline Energy Corp. Options Schultz, Dean 4 09/04/2013 50 4.09 30,000 20,000 Sirius XM Canada Holdings Inc. (formerly Canadian Satellite Radio Holdings Inc.)


Bitove, John Ivan 3, 4, 5 16/04/2013 46 6,297,166 -30,374

Sirius XM Canada Holdings Inc. (formerly Canadian Satellite Radio Holdings Inc.)

Options Knapton, Francis Mark 5 16/04/2013 51 64,800 -17,200

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4530



Acquired/ Disposed


Options Knapton, Francis Mark 5 16/04/2013 51 -5,950







Knapton, Francis Mark 5 16/04/2013 51 18,367 17,200



Knapton, Francis Mark 5 16/04/2013 10 6.4503 1,167 -17,200













Sirocco Mining Inc. (formerly Atacama Minerals Corp.)

Options Chase, Robert 4 12/04/2013 50 0.48 350,000 150,000


Options Conibear, Paul K. 4, 5 12/04/2013 50 0.48 150,000 150,000


Options Craig, John Hunter 4 12/04/2013 50 300,000 100,000


Options Hochstein, Ronald F. 4 12/04/2013 50 0.48 300,000 100,000


Options Lundin, Lukas Henrik 4, 5 12/04/2013 50 0.48 350,000 150,000


Options Mir, Pablo 4, 7 12/04/2013 50 0.48 100,000


Options Mir, Pablo 4, 7 12/04/2013 50 0.48 300,000 100,000

Sirona Biochem Corp. Common Shares Verrico, Howard Jarman 4, 5 18/04/2013 10 0.085 3,771,000 71,000 Sirona Biochem Corp. Common Shares Verrico, Howard Jarman 4, 5 19/04/2013 10 0.085 3,780,000 9,000 Sniper Resources Ltd. Options Baxter, Scott David 3, 4, 5 11/04/2013 50 2,180,000 1,200,000 Solarvest BioEnergy Inc. Common Shares Greenham, Gerri Joseph 4 15/04/2013 10 0.2 6,633,500 6,500 Soltoro Ltd. Common Shares Echavarria, Ernesto 3 18/04/2013 00 5,969,700 Soltoro Ltd. Common Shares Echavarria, Ernesto 3 18/04/2013 10 0.2175 8,626,200 2,656,500 SOLUTIONS4CO2 INC. Common Shares kanes, samuel 3 17/04/2013 16 0.15 5,134,406 400,000 SOLUTIONS4CO2 INC. Warrants kanes, samuel 3 09/03/2012 00 SOLUTIONS4CO2 INC. Warrants kanes, samuel 3 17/04/2013 16 200,000 200,000 Solvista Gold Corporation Common Shares KING, GEORGE E. 4 17/04/2013 10 0.32 845,837 5,000 Sonoro Metals Corp. Common Shares Freeman, Gary Richard 4 18/04/2013 10 0.155 1,388,016 10,000 Sparrow Ventures Corp. Common Shares levy, marc evan 4 17/04/2013 10 0.04 648,833 25,000 Sparton Resources Inc. Common Shares thompson, edward george 4, 5 18/04/2013 10 1,487,000 193,000 Spot Coffee (Canada) Ltd. Common Shares Dahlawi, Hassan

Mohammed Jamil 6 17/04/2013 11 9,383,318 280,000

Spot Coffee (Canada) Ltd. Common Shares Lorenzo, John Michael 4 17/04/2013 11 202,500 -300,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4531



Acquired/ Disposed

Sprott Physical Silver Trust Units Sprott, Eric S. 7 15/04/2013 10 9.1583 426,056 -70,651

Spyglass Resources Corp. Common Shares Smith, Jeffrey T. 4 28/03/2013 00 Spyglass Resources Corp. Common Shares Smith, Jeffrey T. 4 28/03/2013 00 1,588 Spyglass Resources Corp. Common Shares Smith, Jeffrey T. 4 28/03/2013 00 Spyglass Resources Corp. Common Shares Smith, Jeffrey T. 4 28/03/2013 00 6,607 ST ANDREW GOLDFIELDS LTD.

Common Shares Gignac, Catherine 4 18/04/2013 10 0.35 15,000

ST ANDREW GOLDFIELDS LTD.

Common Shares Gignac, Catherine 4 18/04/2013 10 0.35 15,000

Stans Energy Corp. Common Shares Mackay, Robert John 4, 5 18/04/2013 10 0.2 1,663,000 20,000 Stans Energy Corp. Common Shares Mackay, Robert John 4, 5 19/04/2013 10 0.2 1,683,000 20,000 STEALTH MINERALS LIMITED

Options HARDER, JUDITH LORRAINE BAILLIE

5 19/04/2013 52 285,000 -225,000

STEALTH MINERALS LIMITED

Options McWilliam, William James 4, 5 19/04/2013 52 1,045,000 -600,000

Stem Cell Therapeutics Corp.

Common Shares ALLAN, DAVID G. P. 4 15/03/2013 10 0.25 500,000


Common Shares ALLAN, DAVID G. P. 4 15/03/2013 15 0.25 1,196,542 500,000


Options ALLAN, DAVID G. P. 4 08/04/2013 50 0.25 4,500,000 150,000


Options FRIESEN, HENRY 4 08/04/2013 50 0.25 635,000 135,000


Options Peterson, Ronald Dean 4 06/02/2013 37 50,000 -450,000


Options Peterson, Ronald Dean 4 09/04/2013 50 150,000 100,000


Common Shares STILLER, CALVIN R. 4 15/03/2013 10 0.25 240,000


Common Shares STILLER, CALVIN R. 4 15/03/2013 15 0.25 240,000 240,000


Options STILLER, CALVIN R. 4 08/04/2013 50 0.25 620,000 120,000

Sterling Resources Ltd. Common Shares Ingalls & Snyder, LLC 3 17/04/2013 10 0.6292 29,840,843 300,000 Sterling Resources Ltd. Common Shares Ingalls & Snyder, LLC 3 18/04/2013 10 0.6545 29,841,343 500 Sterling Resources Ltd. Common Shares Ingalls & Snyder, LLC 3 18/04/2013 10 0.6504 29,991,343 150,000 Stockport Exploration Inc. Options MacEachen, Brian 4 12/04/2013 50 0.07 1,100,000 50,000 StorageVault Canada Inc. Common Shares Simpson, Alan Arthur 3, 4, 5 11/04/2013 10 0.27 3,588,485 2,000 Strateco Resources Inc. Options Hébert, Anne 5 13/04/2013 52 210,000 -25,000 Strategic Oil & Gas Ltd. Common Shares Thompson, Aaron 5 17/04/2013 10 1.22 10,000 10,000 Strategic Oil & Gas Ltd. Common Shares Thompson, Aaron 5 17/04/2013 10 1.17 13,500 3,500 Strategic Oil & Gas Ltd. Common Shares Wright, Douglas McRae 5 23/07/2012 00 Strategic Oil & Gas Ltd. Common Shares Wright, Douglas McRae 5 15/04/2013 10 1.247 80,000 80,000 Student Transportation Inc. (formerly, Student Transportation of America Ltd.)

Common Shares SNCF Participations, S.A. 3 15/04/2013 30 6.26 12,492,666 91,862

Superior Plus Corp. Convertible Debentures 7.50%, with a maturity date of October 31, 2016

Smillie, Thomas Gordon 5 04/10/2011 15 1000 $10,000


Smillie, Thomas Gordon 5 16/08/2010 00


Smillie, Thomas Gordon 5 04/10/2011 15 1000 $10,000 $10,000

Sure Energy Inc. Options Common Shares Banks, C. Tom 5 07/12/2010 57 1 -125,000

Sure Energy Inc. Rights Performance Rights

Banks, C. Tom 5 07/12/2010 57 1 450,000 -125,000

Sustainable Energy Technologies Ltd.

Convertible Preferred Shares

DHCT II Luxembourg S.a.r.l. 3 16/04/2013 36 780,000 50,000


Convertible Subordinated Debentures expiring Sept. 15, 2013

DHCT II Luxembourg S.a.r.l. 3 16/04/2013 36 $0 -$500,000


Common Shares McCreery, Owen Robert 3 16/04/2013 00 375,000


Convertible Preferred Shares

McCreery, Owen Robert 3 16/04/2013 00 50,000


Warrants McCreery, Owen Robert 3 16/04/2013 00 600,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4532



Acquired/ Disposed

Synex International Inc. Common Shares Rennison, Elizabeth Lee 4 17/04/2013 10 0.52 30,000 -30,000 Synex International Inc. Common Shares Russell, Daniel 3 17/04/2013 10 0.52 8,525,000 30,000 TAG Oil Ltd Common Shares Toone, Randy Warren 5 17/04/2013 10 4.58 47,800 5,000 TAG Oil Ltd Common Shares Toone, Randy Warren 5 17/04/2013 10 4.24 52,800 5,000 Tahoe Resources Inc. Common Shares Brodsky, Brian 5 16/04/2013 10 15 3,000 3,000 Tanzanian Royalty Exploration Corporation

Restricted Stock Units Betts, Norman Murray 4 10/04/2013 46 3.58 19,867 11,470

Tanzanian Royalty Exploration Corporation

Restricted Stock Units Morrow, Rosalind 4 10/04/2013 30 3.58 9,206


Restricted Stock Units Morrow, Rosalind 4 10/04/2013 30 3.58 9,206


Restricted Stock Units Morrow, Rosalind 4 10/04/2013 30 3.58 52,380 9,602


Common Shares Mruma, Abdulkarim 4 11/04/2013 30 20,947 8,103


Restricted Stock Units Mruma, Abdulkarim 4 10/04/2013 30 3.58 19,171 11,068


Restricted Stock Units Mruma, Abdulkarim 4 11/04/2013 30 4.89 11,068 -8,103


Common Shares Van Tongeren, Steven Petrus

5 15/04/2013 30 124,119 25,000


Restricted Stock Units Van Tongeren, Steven Petrus

5 15/04/2013 30 3.45 87,577 -25,000

Tartisan Resources Corp. Common Shares Appleby, D. Mark 4, 5 12/04/2013 10 0.1 1,120,000 18,000 Tekmira Pharmaceuticals Corporation

Common Shares Murray, Mark Joseph 5 16/04/2013 10 4.6 64,961 5,000

TELUS Corporation Common Shares Auchinleck, Richard H. (Dick)

4 16/04/2013 37 18,370 9,185

TELUS Corporation Deferred Share Units Auchinleck, Richard H. (Dick)

4 16/04/2013 30 52,845 477

TELUS Corporation Deferred Share Units Auchinleck, Richard H. (Dick)

4 16/04/2013 37 105,690 52,845

TELUS Corporation Common Shares Baillie, A. Charles 4 16/04/2013 37 2,800 1,400 TELUS Corporation Common Shares Baillie, A. Charles 4 16/04/2013 37 134,400 67,200 TELUS Corporation Deferred Share Units Baillie, A. Charles 4 16/04/2013 30 51,155 460 TELUS Corporation Deferred Share Units Baillie, A. Charles 4 16/04/2013 37 102,310 51,155 TELUS Corporation Common Shares Blair, Joshua Andrew 5 16/04/2013 37 41,872 20,936 TELUS Corporation Common Shares Blair, Joshua Andrew 5 20/02/2013 30 68.11 21,245 484 TELUS Corporation Common Shares Blair, Joshua Andrew 5 16/04/2013 30 21,568 323 TELUS Corporation Common Shares Blair, Joshua Andrew 5 16/04/2013 30 21,765 197 TELUS Corporation Common Shares Blair, Joshua Andrew 5 16/04/2013 37 43,530 21,765 TELUS Corporation Non-Voting Shares Blair, Joshua Andrew 5 20/02/2013 30 68.11 484 TELUS Corporation Options Blair, Joshua Andrew 5 16/04/2013 37 147,414 73,707 TELUS Corporation Restricted Share Units Blair, Joshua Andrew 5 16/04/2013 30 86,974 789 TELUS Corporation Restricted Share Units Blair, Joshua Andrew 5 16/04/2013 37 173,948 86,974 TELUS Corporation Common Shares Bouchard, Micheline 4 16/04/2013 30 5,091 46 TELUS Corporation Common Shares Bouchard, Micheline 4 16/04/2013 37 10,182 5,091 TELUS Corporation Deferred Share Units Bouchard, Micheline 4 16/04/2013 30 30,967 281 TELUS Corporation Deferred Share Units Bouchard, Micheline 4 16/04/2013 37 61,934 30,967 TELUS Corporation Common Shares Butler, Ronald John 4 16/04/2013 37 10,494 5,247 TELUS Corporation Deferred Share Units Butler, Ronald John 4 16/04/2013 30 35,976 327 TELUS Corporation Deferred Share Units Butler, Ronald John 4 16/04/2013 37 71,952 35,976 TELUS Corporation Common Shares Canfield, Brian 4 16/04/2013 37 30 15 TELUS Corporation Common Shares Canfield, Brian 4 16/04/2013 30 3 509 3 TELUS Corporation Common Shares Canfield, Brian 4 16/04/2013 37 1,018 509 TELUS Corporation Common Shares Canfield, Brian 4 16/04/2013 30 21,579 168 TELUS Corporation Common Shares Canfield, Brian 4 16/04/2013 37 43,158 21,579 TELUS Corporation Deferred Share Units Canfield, Brian 4 16/04/2013 30 65,960 599 TELUS Corporation Deferred Share Units Canfield, Brian 4 16/04/2013 37 131,920 65,960 TELUS Corporation Common Shares Côté, François 5 16/04/2013 30 30,511 276 TELUS Corporation Common Shares Côté, François 5 16/04/2013 37 61,022 30,511 TELUS Corporation Restricted Share Units Côté, François 5 16/04/2013 30 70,668 643 TELUS Corporation Restricted Share Units Côté, François 5 16/04/2013 37 141,336 70,668 TELUS Corporation Common Shares Day, Stockwell 4 16/04/2013 30 1,212 11 TELUS Corporation Common Shares Day, Stockwell 4 16/04/2013 37 2,424 1,212 TELUS Corporation Deferred Share Units Day, Stockwell 4 16/04/2013 30 3,263 26 TELUS Corporation Deferred Share Units Day, Stockwell 4 16/04/2013 37 6,526 3,263 TELUS Corporation Common Shares Ducros, Pierre 4 16/04/2013 37 7,240 3,620 TELUS Corporation Deferred Share Units Ducros, Pierre 4 16/04/2013 30 34,965 316 TELUS Corporation Deferred Share Units Ducros, Pierre 4 16/04/2013 37 69,930 34,965 TELUS Corporation Common Shares Entwistle, Darren 4, 5 16/04/2013 37 244,950 122,475 TELUS Corporation Common Shares Entwistle, Darren 4, 5 16/04/2013 37 155,140 77,570 TELUS Corporation Common Shares Entwistle, Darren 4, 5 16/04/2013 37 124,084 62,042 TELUS Corporation Common Shares Entwistle, Darren 4, 5 16/04/2013 37 796,174 398,087

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4533



Acquired/ Disposed

TELUS Corporation Common Shares Entwistle, Darren 4, 5 16/04/2013 30 10,491 1,835 TELUS Corporation Common Shares Entwistle, Darren 4, 5 16/04/2013 30 10,579 88 TELUS Corporation Common Shares Entwistle, Darren 4, 5 16/04/2013 37 21,158 10,579 TELUS Corporation Restricted Share Units Entwistle, Darren 4, 5 16/04/2013 30 358,881 3,257 TELUS Corporation Restricted Share Units Entwistle, Darren 4, 5 16/04/2013 37 717,762 358,881 TELUS Corporation Common Shares Gardner, Robert 5 16/04/2013 37 12,544 6,272 TELUS Corporation Common Shares Gardner, Robert 5 16/04/2013 30 5,287 207 TELUS Corporation Common Shares Gardner, Robert 5 16/04/2013 30 5,335 48 TELUS Corporation Common Shares Gardner, Robert 5 16/04/2013 37 10,670 5,335 TELUS Corporation Options Gardner, Robert 5 16/04/2013 37 37,020 18,510 TELUS Corporation Restricted Share Units Gardner, Robert 5 16/04/2013 30 10,341 96 TELUS Corporation Restricted Share Units Gardner, Robert 5 16/04/2013 37 20,682 10,341 TELUS Corporation Common Shares GOEPEL, RUSTON

ERNEST TREMAYNE 4 16/04/2013 37 8,000 4,000

TELUS Corporation Common Shares GOEPEL, RUSTON ERNEST TREMAYNE

4 16/04/2013 37 20,000 10,000

TELUS Corporation Common Shares GOEPEL, RUSTON ERNEST TREMAYNE

4 16/04/2013 37 5,000 2,500

TELUS Corporation Deferred Share Units GOEPEL, RUSTON ERNEST TREMAYNE

4 16/04/2013 30 30,867 280

TELUS Corporation Deferred Share Units GOEPEL, RUSTON ERNEST TREMAYNE

4 16/04/2013 37 61,734 30,867

TELUS Corporation Common Shares Gossling, John Richard 5 16/04/2013 30 287 194 TELUS Corporation Common Shares Gossling, John Richard 5 16/04/2013 30 290 3 TELUS Corporation Common Shares Gossling, John Richard 5 16/04/2013 37 580 290 TELUS Corporation Restricted Share Units Gossling, John Richard 5 16/04/2013 30 22,202 201 TELUS Corporation Restricted Share Units Gossling, John Richard 5 16/04/2013 37 44,404 22,202 TELUS Corporation Common Shares Lacey, John Stewart 4 16/04/2013 30 17,198 99 TELUS Corporation Common Shares Lacey, John Stewart 4 16/04/2013 37 34,396 17,198 TELUS Corporation Deferred Share Units Lacey, John Stewart 4 16/04/2013 30 41,680 378 TELUS Corporation Deferred Share Units Lacey, John Stewart 4 16/04/2013 37 83,360 41,680 TELUS Corporation Common Shares MacKinnon, William 4 16/04/2013 37 20,000 10,000 TELUS Corporation Deferred Share Units MacKinnon, William 4 16/04/2013 30 14,800 133 TELUS Corporation Deferred Share Units MacKinnon, William 4 16/04/2013 37 29,600 14,800 TELUS Corporation Common Shares Manley, John Paul 4 16/04/2013 37 1,300 650 TELUS Corporation Deferred Share Units Manley, John Paul 4 16/04/2013 30 1,980 15 TELUS Corporation Deferred Share Units Manley, John Paul 4 16/04/2013 37 3,960 1,980 TELUS Corporation Common Shares Mercier, Monique 5 16/04/2013 30 3,279 227 TELUS Corporation Common Shares Mercier, Monique 5 16/04/2013 30 3,308 29 TELUS Corporation Common Shares Mercier, Monique 5 16/04/2013 37 6,616 3,308 TELUS Corporation Options Mercier, Monique 5 16/04/2013 37 24,080 12,040 TELUS Corporation Restricted Share Units Mercier, Monique 5 16/04/2013 30 17,938 161 TELUS Corporation Restricted Share Units Mercier, Monique 5 16/04/2013 37 35,876 17,938 TELUS Corporation Common Shares Natale, Joe 5 16/04/2013 37 135,980 67,990 TELUS Corporation Common Shares Natale, Joe 5 16/04/2013 30 4,799 520 TELUS Corporation Common Shares Natale, Joe 5 16/04/2013 30 4,841 42 TELUS Corporation Common Shares Natale, Joe 5 16/04/2013 37 9,682 4,841 TELUS Corporation Options Natale, Joe 5 16/04/2013 37 250,072 125,036 TELUS Corporation Restricted Share Units Natale, Joe 5 16/04/2013 30 142,107 1,290 TELUS Corporation Restricted Share Units Natale, Joe 5 16/04/2013 37 284,214 142,107 TELUS Corporation Common Shares Sayles, William Michael 5 16/04/2013 30 5,386 395 TELUS Corporation Common Shares Sayles, William Michael 5 16/04/2013 30 5,433 47 TELUS Corporation Common Shares Sayles, William Michael 5 16/04/2013 37 10,866 5,433 TELUS Corporation Options Sayles, William Michael 5 16/04/2013 37 15,502 7,751 TELUS Corporation Restricted Share Units Sayles, William Michael 5 16/04/2013 30 28,805 263 TELUS Corporation Restricted Share Units Sayles, William Michael 5 16/04/2013 37 57,610 28,805 TELUS Corporation Common Shares Spadotto, Eros 7 16/04/2013 30 9,109 352 TELUS Corporation Common Shares Spadotto, Eros 7 16/04/2013 30 9,192 83 TELUS Corporation Common Shares Spadotto, Eros 7 16/04/2013 37 18,384 9,192 TELUS Corporation Common Shares Spadotto, Eros 7 16/04/2013 37 26,044 13,022 TELUS Corporation Options Spadotto, Eros 7 16/04/2013 37 389,400 194,700 TELUS Corporation Restricted Share Units Spadotto, Eros 7 16/04/2013 30 90,126 818 TELUS Corporation Restricted Share Units Spadotto, Eros 7 16/04/2013 37 180,252 90,126 TELUS Corporation Common Shares Woodley, Donald 4 16/04/2013 37 1,020 510 TELUS Corporation Common Shares Woodley, Donald 4 16/04/2013 37 18,064 9,032 TELUS Corporation Deferred Share Units Woodley, Donald 4 16/04/2013 30 35,976 327 TELUS Corporation Deferred Share Units Woodley, Donald 4 16/04/2013 37 71,952 35,976 Temple Hotels Inc. Common Shares Thorsteinson, Arni Clayton 4, 5 18/04/2013 35 5.14 672,905 889

Temple Hotels Inc. Common Shares Thorsteinson, Arni Clayton 4, 5 19/04/2013 35 5.14 889

Temple Hotels Inc. Common Shares Thorsteinson, Arni Clayton 4, 5 09/04/2013 10 5.25 1,892,321 5,000

Terrace Energy Corp. Common Shares Carriere, Daniel Anthony 4 15/04/2013 10 1.85 11,056,776 2,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4534



Acquired/ Disposed

Terrace Energy Corp. Common Shares Carriere, Daniel Anthony 4 15/04/2013 10 1.91 11,059,776 3,000 Terrace Energy Corp. Common Shares Carriere, Daniel Anthony 4 16/04/2013 10 1.85 11,069,276 9,500 Terrace Energy Corp. Common Shares Carriere, Daniel Anthony 4 17/04/2013 10 1.85 11,070,676 1,400 Terrace Energy Corp. Common Shares Carriere, Daniel Anthony 4 17/04/2013 10 1.9 11,079,276 8,600 Terrace Energy Corp. Common Shares Carriere, Daniel Anthony 4 18/04/2013 10 1.85 11,081,376 2,100 THE CALDWELL PARTNERSINTERNATIONAL INC.

Options Beck, Carl Christopher 5 18/03/2013 00

THE CALDWELL PARTNERSINTERNATIONAL INC.

Options Beck, Carl Christopher 5 11/04/2013 50 100,000 100,000


Common Shares Daoust, Paul 4 17/04/2013 10 0.857 21,500 4,000


Common Shares Falagario, Michael R.J. 7 16/04/2013 10 0.795 75,000 25,000


Common Shares JC CLARK LTD. 3 15/04/2013 10 0.6756 2,074,700 17,000


Common Shares KING, GEORGE E. 4 16/04/2013 10 0.77 52,500 2,500


Common Shares Wallace, John Newton 5 16/04/2013 10 0.8 350,500 40,500

The Descartes Systems Group Inc.

Restricted Stock Unit - Cash-settled

Diederik, Raimond 5 15/04/2013 97 9.84 12,117 4,522



Diederik, Raimond 5 15/04/2013 97 9.84 17,198 5,081



Jones, Christopher 5 15/04/2013 97 9.84 25,961 5,186



Jones, Christopher 5 15/04/2013 97 9.84 31,147 5,186


Performance Share Units Mesher, Arthur 4, 5 15/04/2013 56 9.84 101,414 40,404



Mesher, Arthur 4, 5 15/04/2013 97 9.84 100,791 47,764


Restricted Stock Unit - Share-settled

Mesher, Arthur 4, 5 15/04/2013 56 9.84 80,808 40,404


Performance Share Units Pagan, John Scott 7, 5 15/04/2013 56 9.84 61,253 26,263



Pagan, John Scott 7, 5 15/04/2013 97 9.84 27,765 10,671



Pagan, John Scott 7, 5 15/04/2013 56 9.84 52,526 26,263


Performance Share Units Ratza, Stephanie Lynn 5 15/04/2013 97 9.84 16,162 8,081



Ratza, Stephanie Lynn 5 15/04/2013 56 9.84 14,675 8,384



Ratza, Stephanie Lynn 5 15/04/2013 56 9.84 16,162 8,081


Performance Share Units Ryan, Edward 5 15/04/2013 56 9.84 61,253 26,263



Ryan, Edward 5 04/07/2003 00



Ryan, Edward 5 15/04/2013 97 9.84 12,965 12,965



Ryan, Edward 5 15/04/2013 56 9.84 71,314 26,263

The North West Company Inc.

Common Shares Kennedy, Edward Stephen 5 16/04/2013 10 23.9 108,198 16,962

The North West Company Inc.

Options Kennedy, Edward Stephen 5 16/04/2013 51 15.25 559,433 -46,866

Theralase Technologies Inc. Common Shares Bruder, Randall 4 18/04/2013 10 0.28 1,016,610 500

theScore, Inc. Options Merker, Brian 5 15/04/2013 38 0 -150,000 Timbercreek Senior Mortgage Investment Corporation

Class A Shares Tamblyn, Robert Blair 4 15/04/2013 10 9.324 3,000 1,000

Timbercreek Senior Mortgage Investment Corporation

Class A Shares Timbercreek Asset Management Inc.

2 02/04/2013 10 9.5283 29,700 15,800

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4535



Acquired/ Disposed

Tirex Resources Ltd. Common Shares Fred Antonio Tejada 5 16/04/2013 10 0.45 3,000 -3,000 Tirex Resources Ltd. Common Shares Fred Antonio Tejada 5 16/04/2013 10 0.5 0 -3,000 Tolima Gold Inc. (Formerly FMX Ventures Inc.)

Common Shares Lopez, Jaime Alberto 4, 5 08/04/2013 10 0.0565 921,233 500

Tolima Gold Inc. (Formerly FMX Ventures Inc.)

Common Shares Lopez, Jaime Alberto 4, 5 08/04/2013 10 0.057 923,233 2,000













Toronto Hydro Corporation Debentures Labricciosa, Ivano Nicola 7 19/04/2013 10 1 $17,000 $3,000

Torstar Corporation Non-Voting Shares Class B

Bishop, Peter George 7 16/04/2013 30 7.02 14,915 3,415


Holland, David Patrick 4, 5 16/04/2013 30 7.02 6,248 1,000


McLeod, Ian Alexander 7 16/04/2013 30 7.02 4,925 3,350

Touchstone Exploration Inc. Common Shares Baay, Paul Raymond 5 15/04/2013 30 0.24 3,672,705 7,812

Touchstone Exploration Inc. Common Shares Bryant, Ronald 4 15/04/2013 30 0.24 3,342,031 7,812

Touchstone Exploration Inc. Common Shares Budau, Christopher Scott 5 15/04/2013 30 0.24 75,950 5,555

Touchstone Exploration Inc. Common Shares Durfy, Sean Michael 4 15/04/2013 30 0.24 363,713 3,472

Touchstone Exploration Inc. Common Shares Mitzel, Trevor 4 15/04/2013 30 0.24 73,713 3,472

Touchstone Exploration Inc. Common Shares Shipka, James 5 15/04/2013 30 0.24 130,207 6,944

Touchstone Exploration Inc. Common Shares Smith, Richard Gregg 4 15/04/2013 30 0.24 273,713 3,472

Touchstone Exploration Inc. Common Shares ZANG, JOHN CHARLES 4 15/04/2013 30 0.24 449,899 3,472

Tourmaline Oil Corp. Common Shares Armstrong, William D. 4 15/04/2013 51 500,000 100,000 Tourmaline Oil Corp. Options Armstrong, William D. 4 15/04/2013 51 7 110,000 -100,000 Tourmaline Oil Corp. Common Shares Riddell, Clayton H. 4 12/04/2013 10 39.48 225,000 -25,000 Tourmaline Oil Corp. Common Shares Riddell, Clayton H. 4 12/04/2013 10 39.48 800,100 25,000 TransForce Inc. Deferred Share Units Bédard, Alain 4, 5 15/04/2013 56 12,659 77 TransForce Inc. Deferred Share Units Bérard, André 4 15/04/2013 56 53,876 327 TransForce Inc. Deferred Share Units Bouchard, Lucien 4 15/04/2013 56 32,754 199 TransForce Inc. Deferred Share Units Guay, Richard 4, 5 15/04/2013 56 26,674 163 TransForce Inc. Deferred Share Units MUSACCHIO, VINCENT 4 15/04/2013 56 1,817 9 TransForce Inc. Deferred Share Units ROGERS, Ronald D. 4 15/04/2013 56 18,881 115 TransForce Inc. Deferred Share Units Saputo, Joey 4 15/04/2013 56 20.6 21,509 132 Treasury Metals Inc. Common Shares Walter, Martin 4, 5 16/04/2013 10 0.45 2,097,166 24,000 Treasury Metals Inc. Common Shares Walter, Martin 4, 5 17/04/2013 10 0.45 2,102,166 5,000 Treasury Metals Inc. Common Shares Walter, Martin 4, 5 17/04/2013 10 0.44 2,105,166 3,000 Treasury Metals Inc. Common Shares YERLY, Blaise F. 4 16/04/2013 10 0.43 1,175,000 24,000 Trevali Mining Corporation Common Shares CRUISE, MARK DANIEL 4, 5 18/04/2013 10 0.69 487,000 1,000 Trevali Mining Corporation Common Shares Klipfel, Paul Dexter 4 23/11/2012 10 1.07 4,500 Trevali Mining Corporation Common Shares Klipfel, Paul Dexter 4 23/11/2012 10 1.07 4,900 Trevali Mining Corporation Common Shares Klipfel, Paul Dexter 4 23/11/2012 10 1.07 -4,900 Trevali Mining Corporation Common Shares Klipfel, Paul Dexter 4 23/11/2012 51 1 206,000 150,000 Trevali Mining Corporation Common Shares Klipfel, Paul Dexter 4 23/11/2012 10 1.06 10,000 Trevali Mining Corporation Common Shares Klipfel, Paul Dexter 4 23/11/2012 10 1.06 -10,000 Trevali Mining Corporation Common Shares Klipfel, Paul Dexter 4 23/11/2012 10 1.06 191,500 -14,500 Trevali Mining Corporation Common Shares Klipfel, Paul Dexter 4 23/11/2012 10 1.07 75,000 Trevali Mining Corporation Common Shares Klipfel, Paul Dexter 4 23/11/2012 10 1.07 -75,000 Trevali Mining Corporation Common Shares Klipfel, Paul Dexter 4 23/11/2012 10 1.07 56,000 -79,900 Trevali Mining Corporation Common Shares Klipfel, Paul Dexter 4 23/11/2012 10 1.06 4,500 Trevali Mining Corporation Common Shares Klipfel, Paul Dexter 4 23/11/2012 10 1.06 -4,500 Trevali Mining Corporation Common Shares Klipfel, Paul Dexter 4 23/11/2012 10 1.06 -4,500 Trevali Mining Corporation Common Shares Stakiw, Edward Stephen 5 18/04/2013 10 0.7 136,000 2,000 Trevali Mining Corporation Common Shares Walmesley, Erin 5 11/04/2013 10 0.69 128,434 1,000 Trevali Mining Corporation Common Shares Walmesley, Erin 5 18/04/2013 10 0.7 133,434 5,000

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4536



Acquired/ Disposed

Trevali Mining Corporation Common Shares Walmesley, Erin 5 14/04/2011 00 10,000 Trilogy Energy Corp. Common Shares Riddell, James H. T. 4, 6, 5 12/04/2013 51 6.65 417,033 150,000 Trilogy Energy Corp. Common Shares Riddell, James H. T. 4, 6, 5 12/04/2013 51 4.85 537,033 120,000 Trilogy Energy Corp. Common Shares Riddell, James H. T. 4, 6, 5 12/04/2013 51 8.4 567,033 30,000 Trilogy Energy Corp. Common Shares Riddell, James H. T. 4, 6, 5 12/04/2013 10 29.313 267,033 -300,000 Trilogy Energy Corp. Options Riddell, James H. T. 4, 6, 5 12/04/2013 51 6.65 950,000 -150,000 Trilogy Energy Corp. Options Riddell, James H. T. 4, 6, 5 12/04/2013 51 4.85 830,000 -120,000 Trilogy Energy Corp. Options Riddell, James H. T. 4, 6, 5 12/04/2013 51 8.4 800,000 -30,000 Trimel Pharmaceuticals Corporation (formerly J5 Acquisition Corp.)

Common Shares Melnyk, Eugene 3 28/07/2011 10 1.25 -4,000,000

Trimel Pharmaceuticals Corporation (formerly J5 Acquisition Corp.)

Common Shares Melnyk, Eugene 3 28/07/2011 10 1.25 -4,000,000

Trimel Pharmaceuticals Corporation (formerly J5 Acquisition Corp.)

Common Shares Melnyk, Eugene 3 28/07/2011 10 1.25 53,478,965 -4,000,000

True Gold Mining Inc. Common Shares McInnes, Donald Arthur 4 15/04/2013 54 0.2497 2,622,083 428,801 True Gold Mining Inc. Warrants McInnes, Donald Arthur 4 15/04/2013 54 0.2497 0 -428,801 True North Apartment Real Estate Investment Trust

Limited Partnership Units Class B, 1 trust special voting unit per Class B

Drimmer, Daniel 3, 4 16/04/2013 97 1,061,878 674,772

True North Apartment Real Estate Investment Trust


Drimmer, Daniel 3, 4 16/04/2013 97 1,257,231 195,353



Drimmer, Daniel 3, 4 16/04/2013 97 1,792,424 535,193



Drimmer, Daniel 3, 4 16/04/2013 97 1,959,290 166,866



Drimmer, Daniel 3, 4 16/04/2013 97 2,437,301 478,011



Drimmer, Daniel 3, 4 16/04/2013 97 2,586,695 149,394



Drimmer, Daniel 3, 4 16/04/2013 97 2,828,115 241,420



Drimmer, Daniel 3, 4 16/04/2013 97 3,512,878 684,763



Drimmer, Daniel 3, 4 16/04/2013 97 0 -674,772



Drimmer, Daniel 3, 4 16/04/2013 97 0 -195,353



Drimmer, Daniel 3, 4 16/04/2013 97 0 -535,193



Drimmer, Daniel 3, 4 16/04/2013 97 0 -166,866



Drimmer, Daniel 3, 4 16/04/2013 97 0 -478,011

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4537



Acquired/ Disposed



Drimmer, Daniel 3, 4 16/04/2013 97 0 -149,394



Drimmer, Daniel 3, 4 16/04/2013 97 0 -241,420



Drimmer, Daniel 3, 4 16/04/2013 97 0 -684,763

TTM Resources Inc. Common Shares Jordens, Richard 4 12/04/2013 10 0.015 3,892,500 150,000 TTM Resources Inc. Common Shares Jordens, Richard 4 12/04/2013 10 0.02 3,897,500 5,000 Turquoise Hill Resources Ltd.

Cash settled contract Friedland, Robert Martin 3 19/04/2013 72 derivative 1 -2

Turquoise Hill Resources Ltd.

Common Shares Friedland, Robert Martin 3 17/04/2013 11 16.78 19,810,801 -2,971,620






Options Friedland, Robert Martin 3 17/04/2013 52 8.2 915,487 -861,950






Options Friedland, Robert Martin 3 17/04/2013 52 21.44 0 -400,000


Common Shares Meredith, Peter 4 16/04/2013 10 5.58 85,402 62,500

TVI Pacific Inc. Common Shares Cramm, C. Brian 4 16/04/2013 10 0.025 350,698 35,000 TVI Pacific Inc. Common Shares Cramm, C. Brian 4 17/04/2013 10 0.025 420,698 70,000 Twin Butte Energy Ltd. Common Shares Bowman, Robert D. 5 18/04/2013 30 2.28 29,533 78 Twin Butte Energy Ltd. Common Shares Gamache, Claude Maurice 5 18/04/2013 30 2.28 242,967 413

Twin Butte Energy Ltd. Common Shares Kraft, Preston 5 18/04/2013 30 2.28 112,437 271 Twin Butte Energy Ltd. Common Shares SAUNDERS, JAMES

MACLEO4, 5 18/04/2013 30 2.28 4,464,511 404

Twin Butte Energy Ltd. Common Shares Steckley, Warren D. 4 18/04/2013 30 2.28 184,801 1,208 Twin Butte Energy Ltd. Common Shares Steele, Alan 5 18/04/2013 30 2.28 965,206 573 U.S. Agency Mortgage-Backed REIT Advantaged Fund

Units Class A Murdoch, W. Neil 5 15/04/2013 10 9.22 6,700 700

U3O8 Corp. Common Shares Barron, Keith Michael 4 15/04/2013 11 0.2 1,000,000 U3O8 Corp. Common Shares Barron, Keith Michael 4 15/04/2013 16 0.2 10,700,037 1,000,000 U3O8 Corp. Warrants Barron, Keith Michael 4 15/04/2013 16 0.2 500,000 U3O8 Corp. Warrants Barron, Keith Michael 4 15/04/2013 16 0.3 2,081,819 500,000 U3O8 Corp. Common Shares Inwentash, Sheldon 4 15/04/2013 11 0.2 22,774,771 500,000 U3O8 Corp. Warrants Inwentash, Sheldon 4 15/04/2013 11 0.3 5,750,000 250,000 U3O8 Corp. Common Shares Pinetree Capital Ltd. 3 15/04/2013 11 0.2 22,774,771 500,000 U3O8 Corp. Warrants Pinetree Capital Ltd. 3 15/04/2013 11 0.3 5,750,000 250,000 U3O8 Corp. Common Shares Spencer, Richard Mark 5 15/04/2013 16 0.2 363,100 100,000 U3O8 Corp. Warrants Spencer, Richard Mark 5 15/04/2013 16 0.3 68,300 50,000 UEX Corporation Common Shares Thody, Graham Campbell 4, 5 19/04/2013 10 0.49 85,500 14,000 Unique Broadband Systems, Inc.

Common Shares Morrison, Robert John 3 16/04/2013 10 0.015 12,583,000 4,000

Unique Broadband Systems, Inc.

Common Shares Morrison, Robert John 3 18/04/2013 10 0.015 12,584,000 1,000

Uranium Focused Energy Fund

Trust Units Uranium Focused Energy Fund

1 01/04/2013 38 2.3 19,828,801 800



1 01/04/2013 38 2.31 19,829,801 1,000



1 02/04/2013 38 2.3 19,830,901 1,100



1 03/04/2013 38 2.2 19,831,701 800



1 03/04/2013 38 2.21 19,832,701 1,000



1 08/04/2013 38 2.17 19,833,401 700

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4538



Acquired/ Disposed



1 08/04/2013 38 2.19 19,833,601 200



1 09/04/2013 38 2.17 19,834,401 800



1 11/04/2013 38 2.19 19,835,201 800



1 12/04/2013 38 2.21 19,836,001 800



1 15/04/2013 38 2.1 19,836,401 400



1 15/04/2013 38 2.1 19,837,401 1,000

Vecima Networks Inc. Options Incentive Stock Options

Sali, Marshall George 5 12/04/2013 38 0 -2,565

Vecima Networks Inc. Options Incentive Stock Options

Sali, Marshall George 5 12/04/2013 50 641 641

Vela Minerals Ltd. Common Shares Chebry, Charles Richard 3, 4 17/04/2013 10 0.14 3,970,000 2,000 Vena Resources Inc. Common Shares Vegarra, Juan 4, 5 11/04/2013 10 0.157 224,800 -50,000 Vena Resources Inc. Common Shares Vegarra, Juan 4, 5 11/04/2013 10 0.1712 213,500 2,000 Vena Resources Inc. Common Shares Vegarra, Juan 4, 5 11/04/2013 10 0.1613 263,500 50,000 Vermilion Energy Inc. Common Shares Davidson, Kenneth 4 15/04/2013 30 37,167 3,933 Vermilion Energy Inc. Common Shares Donadeo, Lorenzo 4, 5 15/04/2013 30 3,422,487 52,660 Vermilion Energy Inc. Common Shares Donovan, John 5 15/04/2013 30 214,590 30,072 Vermilion Energy Inc. Common Shares Engbloom, Robert John 5 15/04/2013 30 24,012 3,933 Vermilion Energy Inc. Common Shares Ghersinich, Claudio 4 15/04/2013 30 33,807 3,933 Vermilion Energy Inc. Common Shares Hergott, Terrance Gerald 5 15/04/2013 30 18,731 8,323 Vermilion Energy Inc. Common Shares Hicks, Curtis W. 5 15/04/2013 30 175,047 30,072 Vermilion Energy Inc. Common Shares Jasinski, Mona Jean 5 15/04/2013 30 59,749 16,174 Vermilion Energy Inc. Common Shares KILLI, Joseph F. 4 15/04/2013 30 53,942 3,933 Vermilion Energy Inc. Common Shares Macdonald, Larry 4 15/04/2013 30 80,185 4,892 Vermilion Energy Inc. Common Shares Madison, William F. 4 15/04/2013 30 9,933 Vermilion Energy Inc. Common Shares Madison, William F. 4 15/04/2013 30 9,933 Vermilion Energy Inc. Common Shares Madison, William F. 4 15/04/2013 30 26,371 3,933 Vermilion Energy Inc. Common Shares Marchant, Timothy 4 15/04/2013 30 9,933 Vermilion Energy Inc. Common Shares Marchant, Timothy 4 15/04/2013 30 9,933 Vermilion Energy Inc. Common Shares Marchant, Timothy 4 15/04/2013 30 21,734 3,933 Vermilion Energy Inc. Common Shares Marino, Anthony William 5 15/04/2013 30 38,887 17,876 Vermilion Energy Inc. Common Shares Schut, Gerard 5 15/04/2013 30 20,637 10,359 Victhom Human Bionics Inc. Common Shares Midsummer Investment Ltd 3 21/02/2013 97 2,194,964 -554,559

Victory Ventures Inc. Common Shares SZIGETY, DIANNE MARIE 5 18/04/2013 10 0.035 22,000 1,000

WaterFurnace Renewable Energy, Inc. (formerly WFI Industries Ltd.)

Common Shares Dawson, Thomas C. 4 15/04/2013 10 16.01 29,000 400

WaterFurnace Renewable Energy, Inc. (formerly WFI Industries Ltd.)

Common Shares Dawson, Thomas C. 4 18/04/2013 10 16.05 30,000 1,000

Wesdome Gold Mines Ltd. Common Shares Ma, Brian Bok-Heng 5 12/04/2013 10 0.6 14,000 7,000 Wesdome Gold Mines Ltd. Common Shares Wesdome Gold Mines Ltd 1 12/04/2013 10 0.6 1,818,000 11,000 Wesdome Gold Mines Ltd. Common Shares Wesdome Gold Mines Ltd 1 15/04/2013 10 0.5745 1,829,000 11,000 Wesdome Gold Mines Ltd. Common Shares Wesdome Gold Mines Ltd 1 16/04/2013 10 0.56 1,840,000 11,000 Wesdome Gold Mines Ltd. Common Shares Wesdome Gold Mines Ltd 1 17/04/2013 10 0.5223 1,851,000 11,000 Wesdome Gold Mines Ltd. Common Shares Wesdome Gold Mines Ltd 1 18/04/2013 10 0.51 1,862,000 11,000 Wesdome Gold Mines Ltd. Common Shares Wesdome Gold Mines Ltd 1 19/04/2013 10 0.54 1,873,000 11,000 Westbridge Energy Corporation

Options Everingham, Kevin 4 15/04/2013 50 0.15 900,000 500,000

Westbridge Energy Corporation

Options Frewin, Mark 4 15/04/2013 50 0.15 1,700,000 500,000


Options Henry, Peter John 4 15/04/2013 50 0.15 700,000 200,000


Options Larkin, Paul Anthony 4 15/04/2013 50 0.15 350,000 200,000


Options Omatsola, Botosan Oneoritsebawo

4, 5 17/08/2012 50 0.39 300,000 300,000



4, 5 12/02/2013 00



4, 5 15/04/2013 50 0.15 1,075,000 775,000

WesternOne Inc. Common Shares Hurdman, Frederick Fairbanks

3 15/04/2013 10 7.99 2,996,034 300


3 15/04/2013 10 7.99 2,996,434 400

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4539



Acquired/ Disposed


3 15/04/2013 10 8 2,996,569 135


3 15/04/2013 10 7.93 2,996,769 200


3 15/04/2013 10 7.93 2,996,969 200


3 15/04/2013 10 7.93 2,997,684 715


3 15/04/2013 10 7.85 2,998,524 840


3 15/04/2013 10 7.84 2,998,724 200


3 17/04/2013 10 8.04 2,998,904 180


3 18/04/2013 10 8.08 2,999,104 200


3 18/04/2013 10 8.08 2,999,604 500


3 18/04/2013 10 8.08 3,000,004 400

White Pine Resources Inc. Warrants Cudney, Robert Douglas 3, 4, 5 26/01/2013 55 0.35 0 -150,000 White Tiger Gold Ltd. Common Shares Konstantinidi, Evgeny

Yurievich 4 11/03/2013 00

White Tiger Gold Ltd. Common Shares Omelchenko, Igor Gennadievich

4 02/04/2013 00

White Tiger Gold Ltd. Common Shares Quedado, Gary 5 28/03/2013 00 Wi-LAN Inc. Common Shares Wi-LAN Inc. 1 08/04/2013 38 3.9015 90,000 15,000 Wi-LAN Inc. Common Shares Wi-LAN Inc. 1 09/04/2013 38 3.8974 105,000 15,000 Wi-LAN Inc. Common Shares Wi-LAN Inc. 1 10/04/2013 38 3.8934 120,000 15,000 Wi-LAN Inc. Common Shares Wi-LAN Inc. 1 11/04/2013 38 3.9022 135,000 15,000 Wi-LAN Inc. Common Shares Wi-LAN Inc. 1 12/04/2013 38 3.9462 150,000 15,000 Wildcat Silver Corporation Common Shares Ireland, Paul 5 17/04/2013 10 0.43 40,000 20,000 Wildcat Silver Corporation Common Shares Ireland, Paul 5 19/04/2013 10 0.355 100,000 60,000 Wildcat Silver Corporation Common Shares Parikh, Purni 5 17/04/2013 10 0.37 5,847,000 100,000 Wildcat Silver Corporation Common Shares TAYLOR, DONALD

RICHARD 4 16/04/2013 10 0.4841 90,833 20,833

Wildcat Silver Corporation Common Shares TAYLOR, DONALD RICHARD

4 18/04/2013 10 0.385 109,254 18,421

Williams Creek Gold Limited Common Shares Interinvest Corporation 3 12/04/2013 10 0.1 12,032,279 25,000

Williams Creek Gold Limited Common Shares Interinvest Corporation 3 16/04/2013 10 0.1 12,282,279 250,000

World Energy Solutions, Inc. Common Shares Domaleski, Richard 4 17/04/2013 10 4.3 272,527 -2,000

World Energy Solutions, Inc. Common Shares Domaleski, Richard 4 18/04/2013 10 4.0622 254,527 -18,000

Yamana Gold Inc. Deferred Share Unit Lees, Charles Nigel 4 11/04/2013 56 25,709 119 Yamana Gold Inc. Deferred Share Unit Mars, Patrick James 4 11/04/2013 56 25,709 119 Yangarra Resources Ltd. Common Shares Bowerman, Gordon 4 11/04/2013 10 0.285 7,693,739 26,000 Yangarra Resources Ltd. Common Shares Bowerman, Gordon 4 12/04/2013 10 0.285 7,867,739 174,000 Yangarra Resources Ltd. Options Bowerman, Gordon 4 11/04/2013 50 465,000 50,000 Yangarra Resources Ltd. Options Charlton, William W. 4 11/04/2013 50 400,000 50,000 Yangarra Resources Ltd. Options d'Entremont, Michael 5 11/04/2013 50 650,000 150,000 Yangarra Resources Ltd. Options Evaskevich, James Grant 4, 5 11/04/2013 50 1,945,000 250,000 Yangarra Resources Ltd. Options Faminow, Randall 5 11/04/2013 50 0.3 700,000 200,000 Yangarra Resources Ltd. Options Gardiner, Ron 5 11/04/2013 50 0.3 1,150,000 150,000 Yangarra Resources Ltd. Common Shares Glessing, James, Alan 5 15/04/2013 10 0.28 514,100 38,000 Yangarra Resources Ltd. Common Shares Glessing, James, Alan 5 17/04/2013 10 0.29 523,600 9,500 Yangarra Resources Ltd. Options Glessing, James, Alan 5 11/04/2013 50 0.3 1,100,000 200,000 Yangarra Resources Ltd. Common Shares Simpson, Lorne David 5 11/04/2013 10 0.28 999,000 850,000 Yangarra Resources Ltd. Options Simpson, Lorne David 5 11/04/2013 50 750,000 200,000 Yangarra Resources Ltd. Options Weir, Robert 4 11/04/2013 50 450,000 50,000 Yieldplus Income Fund Trust Units Yieldplus Income Fund 1 01/04/2013 38 7.5 84,289,510 600 Yieldplus Income Fund Trust Units Yieldplus Income Fund 1 08/04/2013 38 7.25 84,289,910 400 Yieldplus Income Fund Trust Units Yieldplus Income Fund 1 15/04/2013 38 7.23 84,291,110 1,200 ZADAR VENTURES LTD. Common Shares Walsh, Jason 8 11/04/2013 10 0.28 677,000 10,000 ZADAR VENTURES LTD. Common Shares Walsh, Jason 8 16/04/2013 10 0.28 647,000 -30,000 Zara Resources Inc. Common Shares BALCH, STEPHEN JAMES 3 16/04/2013 00 5,715,780

Zara Resources Inc. Common Shares Hudson River Minerals Ltd. 3 16/04/2013 00

Zara Resources Inc. Common Shares Hudson River Minerals Ltd. 3 16/04/2013 00

Insider Reporting

April 25, 2013 (2013) 36 OSCB 4540



Acquired/ Disposed

Zara Resources Inc. Common Shares Hudson River Minerals Ltd. 3 16/04/2013 45 0.1 5,715,780 5,715,780

Zara Resources Inc. Common Shares Jarvis, Robert David 1 16/04/2013 00 5,715,780 Zargon Oil & Gas Ltd. Common Shares Doetzel, Randolph John 5 12/04/2013 10 7.084 2,086 -1,000 Zazu Metals Corporation Common Shares Atzmon, Gil 5 15/04/2013 10 0.6983 4,331,000 1,500

April 25, 2013 (2013) 36 OSCB 4541

Chapter 8

Notice of Exempt Financings

REPORTS OF TRADES SUBMITTED ON FORMS 45-106F1 AND 45-501F1

Transaction Date

No. of Purchasers

Issuer/Security Total Purchase Price ($)

No. of Securities

Distributed

03/28/2013 1 0845837 B.C. Ltd. - Units 150,000.00 1,500,000.00

01/01/2012 to 12/31/2012

1 18 Asset Management All Cap Canadian Equity Fund Class A - Units

1,000.00 100.00

01/01/2012 to 12/31/2012

1 18 Asset Management All Cap Canadian Equity Fund Class F - Units

1,000.00 100.00

01/01/2012 to 12/31/2012

1 18 Asset Management All Cap Canadian Equity Fund Class O - Units

1,000.00 100.00

03/20/2013 1 Alicorp S.A.A. - N/A 8,200,928.39 1.00

06/30/2012 1 Altairis Long/Short (Canada) - Trust Units 50,000,000.00 500,000.00

04/02/2013 3 American Solar Direct Holdings Inc. - Units 1,273,875.00 375,000.00

02/01/2013 47 Arian Resources Corp. - Units 1,800,000.00 30,000.00

03/19/2013 6 Avis Budget Car Rental, LLC and Avis Budget Finance Inc. - Notes

15,924,700.00 7,750.00

03/26/2013 5 Aviv REIT, Inc. - Common Shares 1,006,434.00 49,500.00

03/27/2013 2 Bank of Zachodni WBK S.A. - Common Shares 20,546,190.00 270,000.00

04/03/2013 1 Barclays Bank PLC - Notes 10,134,000.00 1.00

04/16/2013 31 Bengal Energy Ltd. - Common Shares 5,700,399.60 9,500,666.00

03/27/2013 1 Bison Gold Resources Inc. - Common Shares 100,000.00 2,000,000.00

12/30/2012 6 Bonnefield Canadian Farmland LP I (Amended) - Units 1,200,000.00 1,185.00

01/31/2013 4 Carnival Corporation - Notes 10,489,396.76 4.00

03/28/2013 268 Centurion Apartment Real Estate Investment Trust - Trust Units

8,487,708.49 751,457,117.00

04/01/2013 13 Chesapeake Energy Corporation - Notes 21,548,956.50 13.00

01/10/2013 11 ClearMRI Solutions Ltd. - Common Shares 4,508,524.00 4,508,524.00

03/29/2013 12 Clearview Resources Ltd. - Flow-Through Shares 1,846,644.00 165,907.00

03/21/2013 1 Corsa Coal Corp. - Note 10,238,000.00 1.00

04/05/2013 5 Corval Energy Inc. - Common Shares 7,999,999.70 11,428,571.00

03/25/2013 4 Coventry Resources Inc. - Common Shares 30,407.00 138,215.00

01/01/2012 to 12/31/2012

1 Crusader Equity Income Fund Class A - Units 1,000.00 100.00


April 25, 2013 (2013) 36 OSCB 4542

Transaction Date

No. of Purchasers


No. of Securities

Distributed

01/01/2012 to 12/31/2012

2 Crusader Equity Income Fund Class F - Units 101,000.00 9,946.00

01/01/2012 to 12/31/2012

1 Crusader Equity Income Plus Class O - Units 98,000.00 9,800.00

03/14/2013 2 Delek US Holdings, Inc. - Common Shares 41,341,569.00 1,020,000.00

03/27/2013 14 Derek Oil & Gas Corporation - Units 223,493.50 14,899,567.00

03/20/2013 1 Devonian Acquisition Corporation - Common Shares 90,200.00 110,000.00

03/28/2013 to 04/05/2013

15 Earth Video Camera Inc. - Units 6,932,499.45 3,747,297.00

03/28/2013 1 ElectraNet Pty Ltd. - Note 19,296,400.00 1.00

03/20/2013 2 ePals Corporation - Debentures 3,000,000.00 3,000.00

04/12/2013 11 Eskay Mining Corp. - Units 145,000.00 2,900,000.00

03/21/2013 7 Forum Uranium Corp. - Flow-Through Shares 283,250.00 625,000.00

03/18/2013 to 03/22/2013

4 Gatineau Centre Development Limited Partnership - Notes

87,500.00 87,500.00

02/04/2013 3 General Electric Capital Corporation - Notes 106,243,927.86 3.00

07/20/2012 to 12/05/2012

2 Global Investors Series plc- Diversified Income Fund - Units

27,802,308.86 2,348,167.98

12/16/2011 to 12/15/2012

1401 Heathbridge Checkmark Equity Pooled Fund - Units 5,602,628.27 502,646.93

03/12/2013 4 Iconix Brand Group, Inc. - Notes 3,076,200.00 3,000.00

04/05/2013 42 Inca One Resources Corp. - Units 953,500.00 9,335,000.00

04/03/2013 19 Indigo Exploration Inc. - Units 500,000.00 10,000,000.00

03/27/2013 1 Infraestructura Energetica Nova, S.A.B. de C.V. - Common Shares

558,000.00 200,000.00

03/01/2012 8 Investcorp Silverback Arbitrage Fund Limited - Investment Trust Interests

29,132,028.91 5,000.00

04/03/2013 139 KingSett Canadian Real Estate Income Fund LP - Units

236,689,544.97 184,107.84

03/25/2013 to 03/28/2013

101 League IGW Real Estate Investment Trust - Units 2,608,278.52 2,608,278.52

03/28/2013 82 Lyfe Kitchen Retail (Canada) Trust - Trust Units 789,980.00 78,998.00

04/14/2011 1 Madison Minerals Inc. (Amended) - Units 120,000.00 1,000,000.00

03/27/2013 5 Marin Software Incorporated - Common Shares 2,042,085.15 143,425.00

04/03/2013 1 MarkWater Handling Systems Ltd. - Common Shares 2,000,000.00 2,000,000.00

03/21/2013 4 McGraw-Hill Global Education Holdings, LLC and McGraw-Hill Global Education Finance, Inc. - Notes

26,768,750.20 26,138.00


April 25, 2013 (2013) 36 OSCB 4543

Transaction Date

No. of Purchasers


No. of Securities

Distributed

03/26/2013 4 Medtronic, Inc. - Notes 28,422,102.80 4.00

09/18/2012 2 Meritage Home Corporation - Notes 2,053,000.00 2.00

04/11/2013 5 Micromem Technologies Inc. - Units 98,808.00 617,550.00

03/21/2013 3 Milacron LLC and Mcron Finance Corp. - Notes 6,656,650.00 6,500.00

04/05/2013 22 Miraculins Inc. - Units 1,050,949.82 11,677,223.00

03/28/2013 2 Move Trust - Notes 4,025,850.42 2.00

04/02/2013 4 Navistar International Corporation - Notes 11,302,335.00 4.00

02/28/2013 2 Newstart Financial Inc./Newstart Acceptance Inc. - Notes

75,000.00 2.00

04/05/2013 2 Nordic American Tankers Limited - Common Shares 1,076,169.60 110,000.00

04/02/2013 33 Nordic Oil and Gas Ltd. - Units 485,220.00 16,174,001.00

03/28/2013 1 Open Access Limited - Preferred Shares 650,000.00 650,000.00

03/21/2013 1 Open Access Limited - Units 75,000.00 3.00

02/01/2012 to 06/01/2012

5 OxAM Quant Fund Limited - Common Shares 344,778,804.00 N/A

03/27/2013 5 Pinnacle Foods Inc. - Common Shares 14,400,720.00 708,000.00

03/11/2013 72 Pivot Acquisition Corp. - Receipts 3,537,300.00 4,421,625.00

01/05/2012 to 12/27/2012

680 Polar Investment Funds Limited - Common Shares 59,142,867.79 N/A

06/29/2012 to 12/24/2012

21 Polar Investment Funds Limited - Units 4,261,525.28 N/A

04/15/2013 6 Rainy River Resources Ltd. - Common Shares 642,858.00 254,664.00

04/03/2013 1 Rambler Metals and Mining plc - Common Shares 400,000.00 803,374.00

03/21/2013 to 03/25/2013

19 Redstone Capital Corporation - Bonds 342,800.00 N/A

03/19/2013 12 Ressources Appalaches Inc. - Units 316,000.00 3,950,000.00

04/03/2013 1 Rexel, S.A. - Note 7,092,452.18 1.00

04/17/2013 10 Rockex Mining Corporation - Common Shares 386,269.68 4,828,371.00

03/13/2013 3 ROI Capital/185 191 & 195 The West Mall LP - Units 751,500.00 751,500.00

03/27/2013 2 ROI Capital/2154197 Ontario Inc. & Benjamin Hospitality Inc. - Units

795,617.00 795,617.00

03/27/2013 2 ROI Capital/2256227 Ontario Inc. & St. Jacobs Country Inn Inc. - Units

220,185.00 220,185.00

03/19/2013 2 ROI Capital/2276844 Ontario Limited (Villarboit Brentford) - Units

1,555,400.00 1,555,400.00

03/27/2013 2 ROI Capital/Argus Hospitality Group Ltd. - Units 1,715,836.52 1,715,836.52


April 25, 2013 (2013) 36 OSCB 4544

Transaction Date

No. of Purchasers


No. of Securities

Distributed

03/28/2013 2 ROI Capital/Castlepoint Studio Partners Limited - Units

24,307.40 24,307.40

03/15/2013 1 ROI Capital/Isabella Developments Inc. - Units 276,776.00 276,776.00

03/19/2013 1 Sea Trucks Group Limited - Bonds 8,219,200.00 8,000,000.00

04/01/2013 4 SIF Solar Energy Income & Growth Fund - Units 145,000.00 1,450.00

04/02/2013 1 Sinclair Television Group, Inc. - Note 3,044,400.00 1.00

03/28/2013 292 Steel Reef Infrastructure Corp. - Common Shares 33,148,000.00 33,148,000.00

12/28/2012 to 12/31/2012

16 Sunridge Energy Corp. - Common Shares 339,780.00 471,000.00

04/15/2013 3 Superior Copper Corporation - Common Shares 400,000.00 4,000,000.00

04/09/2013 3 Tartisan Resources Corp. - Common Shares 54,000.00 540,000.00

04/05/2013 5 Tawsho Mining Inc. - Common Shares 40,000.00 400,000.00

04/09/2013 5 Tawsho Mining Inc. - Common Shares 100,000.00 1,010,100.00

03/15/2013 2 The Sun Products Corporation - Notes 1,528,950.00 15,000.00

04/03/2013 1 TMK Capital S.A. - Notes 8,107,200.00 8,000.00

04/08/2013 1 TransGaming Inc. - Units 150,000.00 1,333,333.00

04/15/2013 7 U3O8 Corp. - Units 405,000.00 2,025,000.00

03/18/2013 to 03/22/2013

22 UBS AG, Jersey Branch - Certificates 10,173,579.62 21.00

03/26/2013 1 UBS AG, London Branch - Bond 7,097,911.37 1.00

03/19/2013 to 03/22/2013

5 UBS AG, Zurich - Certificates 1,763,440.49 5.00

03/22/2013 2 Umbral Energy Corp. - Units 25,000.00 500,000.00

03/15/2013 4 Uragold Bay Resources Inc. - Units 118,200.00 1,970,000.00

03/28/2013 24 VentriPoint Diagnostics Ltd. - Units 585,000.00 5,850,000.00

04/01/2013 1 Victory Nickel Inc. - Common Shares 250,000.00 5,681,818.00

03/22/2013 to 03/28/2013

5 Viscount Mining Ltd. - Common Shares 210,000.00 1,050,000.00

03/18/2013 4 ViXS Systems Inc. - Notes 2,000,000.00 4.00

11/30/2011 to 12/31/2012

1 Vontobel FCP-SIF - Global Emerging Markets Fund - Units

24,797,087.30 1,981,904.78

03/22/2013 1 Watco Companies, L.L.C./Watco Finance Corp. - Note 5,137,000.00 1.00

03/27/2013 2 West Corporation - Common Shares 21,357,000.00 1,050,000.00

01/14/2013 1 Westpac Banking Corporation - Note 14,755,719.60 1.00


April 25, 2013 (2013) 36 OSCB 4545

Transaction Date

No. of Purchasers


No. of Securities

Distributed

03/28/2013 2 WireIE Holdings International Inc. - Warrants 1,000,000.00 2.00

04/16/2013 2 Zara Resources Inc. - Common Shares 583,009.00 5,830,096.00

04/04/2013 9 Zorzal Incorporated - Common Shares 220,500.00 367,500.00


April 25, 2013 (2013) 36 OSCB 4546


April 25, 2013 (2013) 36 OSCB 4547

Chapter 11

IPOs, New Issues and Secondary Financings

Issuer Name: BRP Inc. Principal Regulator - Quebec Type and Date: Preliminary Long Form Prospectus dated April 17, 2013 NP 11-202 Receipt dated April 17, 2013 Offering Price and Description: $ * - * Subordinate Voting Shares Price: $ * per Subordinate Voting Share Underwriter(s) or Distributor(s): BMO NESBITTBURNS INC. RBC DOMINION SECURITIES INC. UBS SECURITIES CANADA INC. CITIGROUP GLOBAL MARKETS CANADA INC. Promoter(s):-Project #2045674

_______________________________________________ Issuer Name: Builders Capital Mortgage Corp. Principal Regulator - Alberta Type and Date: Preliminary Long Form Prospectus dated April 18, 2013 NP 11-202 Receipt dated April 18, 2013 Offering Price and Description: Minimum: $10,000,000 - * Subscription Receipts Maximum: $30,000,000 - *Subscription Receipts Price: $ * per Subscription Receipt Underwriter(s) or Distributor(s): MGI Securities Inc. Mackie Research Capital Corporation Macquarie Private Wealth Inc. Burgeonvest Bick Securities Limited Leede Financial Markets Inc. PI Financial Corp. Promoter(s):Builders Capital Management Corp. Project #2046232

_______________________________________________

Issuer Name: Cordillera Gold Ltd. Principal Regulator - Ontario Type and Date: Preliminary Long Form Prospectus dated April 12, 2013 NP 11-202 Receipt dated April 16, 2013 Offering Price and Description: $2,600,000.00 to $5,500,000.00 - * Units Price: $ * per Offered Unit Underwriter(s) or Distributor(s): Kingsdale Capital Markets Inc. Promoter(s):Rob Fia Project #2045334

_______________________________________________ Issuer Name: Halogen Software Inc. Principal Regulator - Ontario Type and Date: Amended and Restated Preliminary Long Form Prospectus dated April 17, 2013 NP 11-202 Receipt dated April 18, 2013 Offering Price and Description: Cdn$ * - * Common Shares Price: Cdn$ * per Common Share Underwriter(s) or Distributor(s): CANACCORD GENUITY CORP. STIFEL NICOLAUS CANADA INC. RAYMOND JAMES LTD. CANTOR FITZGERALD CANADA CORPORATION NATIONAL BANK FINANCIAL INC. Promoter(s):-Project #2040085

_______________________________________________ Issuer Name: Manulife Balanced Income Private Trust Manulife Balanced Private Trust Principal Regulator - Ontario Type and Date: Preliminary Simplified Prospectuses dated April 19, 2013 NP 11-202 Receipt dated April 19, 2013 Offering Price and Description: Advisor Series, Series F, Series FT6, Series C, Series CT6, Series L, Series LT6 and Series T6 Securities Underwriter(s) or Distributor(s): Manulife Asset Management Limited Promoter(s):Manulife Asset Management Limited Project #2046714

_______________________________________________


April 25, 2013 (2013) 36 OSCB 4548

Issuer Name: Pure Industrial Real Estate Trust Principal Regulator - British Columbia Type and Date: Preliminary Short Form Prospectus dated April 17, 2013 NP 11-202 Receipt dated April 17, 2013 Offering Price and Description: $160,085,000.00 - 31,700,000 Subscription Receipts Price: $5.05 Per Subscription Receipt Underwriter(s) or Distributor(s): CANACCORD GENUITY CORP. RBC DOMINION SECURITIES INC. BMO NESBITT BURNS INC. CIBC WORLD MARKETS INC. SCOTIA CAPITAL INC. DUNDEE SECURITIES LTD. MACQUARIE CAPITAL MARKETS CANADA LTD. NATIONAL BANK FINANCIAL INC. GMP SECURITIES L.P. HSBCSECURITIES (CANADA) INC. Promoter(s):-Project #2045953

_______________________________________________ Issuer Name: Storm Resources Ltd. Principal Regulator - Alberta Type and Date: Preliminary Short Form Prospectus dated April 16, 2013 NP 11-202 Receipt dated April 16, 2013 Offering Price and Description: $23,650,400.00 - 12,580,000 Common Shares Price: $1.88 per Common Share Underwriter(s) or Distributor(s): FIRSTENERGY CAPITAL CORP. NATIONAL BANK FINANCIAL INC. PETERS & CO. LIMITED MACQUARIE CAPITAL MARKETS CANADA LTD. RBC DOMINION SECURITIES INC. Promoter(s):-Project #2045492

_______________________________________________

Issuer Name: Aston Hill Strategic Yield Trust (Series I units) Aston Hill Strategic Yield II Class (formerly Aston Hill Money Market Class) (Series A, F and I shares) Principal Regulator - Ontario Type and Date: Amendment No. 1 dated April 3, 2013 (amendment no. 1) to the Amended and Restated Simplified Prospectuses and Annual Information Form dated September 28, 2012, amending and restating the Simplified Prospectuses and Annual Information Form dated August 17, 2012 (in all provinces and territories of Canada except Quebec) and Amendment No. 1 dated April 3, 2013 (amendment no. 1) to the Simplified Prospectuses and Annual Information Form dated September 28, 2012 (in the province of Quebec) of the above Issuers NP 11-202 Receipt dated April 18, 2013 Offering Price and Description: Series I units and Series A, F and I shares @ Net Asset ValueUnderwriter(s) or Distributor(s):

Aston Hill Asset Management Inc. Promoter(s):Aston Hill Asset Management Inc. Project #1931632

_______________________________________________ Issuer Name: Banro Corporation Principal Regulator - Ontario Type and Date: Final Short Form Prospectus dated April 15, 2013 NP 11-202 Receipt dated April 19, 2013 Offering Price and Description: C$67,795,156.00 50,218,634 Common Shares Per Common Share - C$1.35 U.S.$2,900,000.00 - 116,000 Series A Shares Per Series A Share - U.S.$25.00 Underwriter(s) or Distributor(s): GMP SECURITIES L.P.CIBC WORLD MARKETS INC. BMO NESBITT BURNS INC.CORMARK SECURITIES INC. Promoter(s):-Project #2032784

_______________________________________________


April 25, 2013 (2013) 36 OSCB 4549

Issuer Name: Phillips, Hager & North Total Return Bond Fund (Series C, Advisor Series, Series H, Series D, Series F, Series I and Series O units) Principal Regulator - Ontario Type and Date: Amendment #1 dated April 11, 2013 to the Simplified Prospectus and Annual Information Form dated June 26, 2012 NP 11-202 Receipt dated April 19, 2013 Offering Price and Description: -Underwriter(s) or Distributor(s): Phillips, Hager & North Investment Funds Ltd. Promoter(s):RBC Global Asset Management Inc. Project #1910777

_______________________________________________ Issuer Name: CARS and PARS Programme Principal Regulator - Ontario Type and Date: Final Base Shelf Prospectus dated April 18, 2013 NP 11-202 Receipt dated April 18, 2013 Offering Price and Description: Coupons And ResidualS (‘‘CARS’’�) and Par Adjusted Rate Securities� (‘‘PARS’’�) Programme (‘‘CARS and PARS Programme’’) Strip Coupons, Strip Residuals and Strip Packages (including packages of Strip Coupons and PARS) derived by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc. and TD Securities Inc. from up to Cdn $5,000,000,000.00 of Debt Obligations of Various Canadian Corporations, Trusts and Partnerships Underwriter(s) or Distributor(s): RBC DOMINION SECURITIES INC. BMO NESBITT BURNS INC CIBC WORLD MARKETS INC NATIONAL BANK FINANCIAL INC SCOTIA CAPITAL INC TD SECURITIES INC. Promoter(s):RBC DOMINION SECURITIES INC. BMO NESBITT BURNS INC CIBC WORLD MARKETS INC NATIONAL BANK FINANCIAL INC SCOTIA CAPITAL INC TD SECURITIES INC. Project #2043137

_______________________________________________

Issuer Name: DMP Value Balanced Class (Series A and F securities) Dynamic Corporate Bond Strategies Class (Series A, E, F, FH, H, IP and T securities) Dynamic Corporate Bond Strategies Fund (Series A, E, F, FH, FI, H, IP, O and OP securities) Dynamic High Yield Bond Fund (Series A, F, FH, FI, FP, G, H, I, O, OP and P securities) Dynamic Value Balanced Fund (Series A, E, F, FT, G, I, O and T securities) Dynamic Value Balanced Class (Series A, F, FT, G, I, IT, O and T securities) Principal Regulator - Ontario Type and Date: Amendment #2 dated March 28, 2013 to the Simplified Prospectuses and Annual Information Form dated January 30, 2013 NP 11-202 Receipt dated April 18, 2013 Offering Price and Description: Series A, E, F, FH, FT, FI, FP, G, H, I, IP, IT, O, OP, P and T securities @ Net Asset Value Underwriter(s) or Distributor(s): GCIC Ltd. Promoter(s):GCIC Ltd. Project #1997932

_______________________________________________ Issuer Name: Dundee Real Estate Investment Trust Principal Regulator - Ontario Type and Date: Final Short Form Prospectus dated April 22, 2013 NP 11-202 Receipt dated April 22, 2013 Offering Price and Description: $200,005,000.00 5,525,000 REIT Units, Series A PRICE: $36.20 per Unit Underwriter(s) or Distributor(s): TD SECURITIES INC. SCOTIA CAPITAL INC. CIBC WORLD MARKETS INC. RBC DOMINION SECURITIES INC. BMO NESBITT BURNS INC. CANACCORD GENUITY CORP. DUNDEE SECURITIES LTD. BROOKFIELD FINANCIAL CORP. DESJARDINS SECURITIES INC. HSBC SECURITIES (CANADA) INC. NATIONAL BANK FINANCIAL INC. Promoter(s):-Project #2044809

_______________________________________________


April 25, 2013 (2013) 36 OSCB 4550

Issuer Name: iShares Advantaged Short Duration High Income Fund Principal Regulator - Ontario Type and Date: Amendment #2 dated April 15, 2013 to the Long Form Prospectus dated October 10, 2012 NP 11-202 Receipt dated April 19, 2013 Offering Price and Description: -Underwriter(s) or Distributor(s): BlackRock Asset Management Canada Limited BlackRock Investments Canada Inc. Promoter(s):-Project #1940478

_______________________________________________ Issuer Name: iShares Broad Commodity Index Fund (CAD-Hedged) iShares Managed Futures Index Fund Principal Regulator - Ontario Type and Date: Amendment #2 dated April 15, 2013 to the Long Form Prospectus dated October 10, 2012 NP 11-202 Receipt dated April 19, 2013 Offering Price and Description: -Underwriter(s) or Distributor(s): BlackRock Asset Management Canada Limited Promoter(s):-Project #1940461

_______________________________________________ Issuer Name: LDIC North American Energy Infrastructure Fund Principal Regulator - Ontario Type and Date: Final Simplified Prospectus dated April 18, 2013 NP 11-202 Receipt dated April 19, 2013 Offering Price and Description: -Underwriter(s) or Distributor(s): LDIC Inc. Promoter(s):-Project #2023451

_______________________________________________

Issuer Name: Leisureworld Senior Care Corporation Principal Regulator - Ontario Type and Date: Final Short Form Prospectus dated April 17, 2013 NP 11-202 Receipt dated April 17, 2013 Offering Price and Description: $68,510,000.00 - 5,525,000 Subscription Receipts each representing the right to receive one Common Share at a price of $12.40 per Subscription Receipt - and - $40,000,000 4.65% Extendible Convertible Unsecured Subordinated Debentures at a price of $1,000 per Debenture Underwriter(s) or Distributor(s): TD SECURITIES INC. BMO NESBITT BURNS INC.CIBC WORLD MARKETS INC. RBC DOMINION SECURITIES INC. SCOTIA CAPITAL INC. CANACCORD GENUITY CORP. RAYMOND JAMES LTD. MACQUARIE CAPITAL MARKETS CANADA LTD. NATIONAL BANK FINANCIAL INC. Promoter(s):-Project #2043154

_______________________________________________ Issuer Name: Mackenzie Sentinel Canadian Short-Term Yield Class Mackenzie Sentinel Managed Return Class Mackenzie Sentinel Money Market Fund Mackenzie Sentinel North American Corporate Bond Class Mackenzie Sentinel Strategic Income Class Mackenzie Sentinel U.S. Short-Term Yield Class Symmetry Balanced Portfolio Class Symmetry Canadian Bond Corporate Class Symmetry Conservative Income Portfolio Class Symmetry Conservative Portfolio Class Symmetry Corporate Bond Corporate Class Symmetry Fixed Income Portfolio Class Symmetry Global Bond Corporate Class Symmetry Growth Portfolio Class Symmetry Moderate Growth Portfolio Class Symmetry Real Return Bond Corporate Class

Principal Regulator - Ontario Type and Date: Amendment #1 dated April 15, 2013 to the Simplified Prospectuses and Annual Information Form dated September 28, 2012 NP 11-202 Receipt dated April 19, 2013 Offering Price and Description: -Underwriter(s) or Distributor(s): Quadrus Investment Services Ltd. LBC Financial Services Inc LBC Financial Services Inc. Promoter(s):Mackenzie Financial Corporation Project #1952339

_______________________________________________


April 25, 2013 (2013) 36 OSCB 4551

Issuer Name: Series LB securities (unless otherwise indicated) of: Mackenzie Sentinel Canadian Short-Term Yield Class Symmetry Fixed Income Portfolio Class (also Series LM) Mackenzie Sentinel Strategic Income Class (also Series LX)Symmetry Conservative Income Portfolio Class (also Series LM and LX) Symmetry Conservative Portfolio Class (also Series LM and LX) Symmetry Balanced Portfolio Class (also Series LM and LX)Symmetry Moderate Growth Portfolio Class (also Series LM)Symmetry Growth Portfolio Class (also Series LM) Principal Regulator - Ontario Type and Date: Amendment #1 dated April 15, 2013 to the Simplified Prospectuses and Annual Information Form dated November 28, 2012 NP 11-202 Receipt dated April 19, 2013 Offering Price and Description: Series LB, Series LM and Series LX Securities Underwriter(s) or Distributor(s): LBC Financial Services Inc. Promoter(s):Mackenzie Financial Corporation Project #1972166

_______________________________________________

Issuer Name: Matrix 2013 Short Duration National Class Matrix 2013 Short Duration Québec Class Principal Regulator - Ontario Type and Date: Final Long Form Prospectus dated April 16, 2013 NP 11-202 Receipt dated April 17, 2013 Offering Price and Description: Maximum Offering: $50,000,000 - 5,000,000 Limited partnership Units (National Class Units) @ $10.00/Unit Maximum Offering: $25,000,000 - 2,500,000 Limited Partnership Units (Québec Class Units) @ $10.00/Unit Minimum Offering: $5,000,000 - 500,000 Limited Partnership Units (National Class Units and/or Québec Class Units) @ $10.00/Unit Underwriter(s) or Distributor(s): National Bank Financial Inc. CIBC World Markets Inc. Desjardins Securities Inc. BMO Nesbitt Burns Inc. TD Securities Inc. Industrial Alliance Securities Inc. Canaccord Genuity Corp. GMP Securities L.P. Argosy Securities Inc. Burgeonvest Bick Securities Limited Dundee Securities Ltd. Laurentian Bank Securities Inc. Mackie Research Capital Corporation Macquarie Private Wealth Inc. Raymond James Ltd. Promoter(s):Matrix 2013 Short Duration National and Quebec Flow Through Management Limited Growth Works Capital Ltd. Project #2022036; 2022042

_______________________________________________ Issuer Name: Melcor Real Estate Investment Trust Principal Regulator - Alberta Type and Date: Final Long Form Prospectus dated April 19, 2013 NP 11-202 Receipt dated April 19, 2013 Offering Price and Description: $83,000,000.00 - 8,300,000 Units Price: $10.00 per Unit Underwriter(s) or Distributor(s): RBC DOMINION SECURITIES INC. CIBC WORLD MARKETS INC. BMO NESBITT BURNS INC. TD SECURITIES INC. DESJARDINS SECURITIES INC. NATIONAL BANK FINANCIAL INC. SCOTIA CAPITAL INC. CANACCORD GENUITY CORP. LAURENTIAN BANK SECURITIES INC. Promoter(s):Melcor Developments Ltd. Project #2030019

_______________________________________________


April 25, 2013 (2013) 36 OSCB 4552

Issuer Name: North American Preferred Share Fund (formerly North American Preferred Share Advantage Fund) Principal Regulator - Ontario Type and Date: Final Long Form Prospectus dated April 19, 2013 NP 11-202 Receipt dated April 19, 2013 Offering Price and Description: Maximum: $150,000,000 - 6,000,000 Units @ $25.00 per UnitMinimum; $20,000,000 - 800,000 Units @ $25.00 per Unit Underwriter(s) or Distributor(s): CIBC World Markets Inc. National Bank Financial Inc. RBC Dominion Securities Inc. BMO Nesbitt Burns Inc. GMP Securities L.P. Scotia Capital Inc. TD Securities Inc. Macquarie Private Wealth Inc. Raymond James Ltd. Canaccord Genuity Corp. Desjardins Securities Inc. Dundee Securities Ltd. Manulife Securities Incorporated Promoter(s):Propel Capital Corporation Project #2020496

_______________________________________________

Issuer Name: PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF PowerShares Ultra DLUX Long Term Government Bond Index ETF PowerShares Senior Loan (CAD Hedged) Index ETF PowerShares Fundamental High Yield Corporate Bond (CAD Hedged) Index ETF PowerShares Canadian Preferred Share Index ETF PowerShares Canadian Dividend Index ETF PowerShares FTSE RAFI Canadian Fundamental Index ETFPowerShares FTSE RAFI US Fundamental (CAD Hedged) Index ETF PowerShares S&P/TSX Composite Low Volatility Index ETFPowerShares S&P 500 Low Volatility (CAD Hedged) Index ETFPowerShares S&P/TSX Composite High Beta Index ETF PowerShares S&P 500 High Beta (CAD Hedged) Index ETFPowerShares QQQ (CAD Hedged) Index ETF Principal Regulator - Ontario Type and Date: Final Long Form Prospectus dated April 12, 2013 NP 11-202 Receipt dated April 16, 2013 Offering Price and Description: -Underwriter(s) or Distributor(s): -Promoter(s):-Project #2015583

_______________________________________________ Issuer Name: PowerShares Tactical Bond ETF Principal Regulator - Ontario Type and Date: Final Long Form Prospectus dated April 12, 2013 NP 11-202 Receipt dated April 16, 2013 Offering Price and Description: -Underwriter(s) or Distributor(s): -Promoter(s):-Project #2015595

_______________________________________________


April 25, 2013 (2013) 36 OSCB 4553

Issuer Name: Redwood Flexible Bond Class Principal Regulator - Ontario Type and Date: Final Simplified Prospectus dated April 15, 2013 NP 11-202 Receipt dated April 18, 2013 Offering Price and Description: Series X, Y, A and F shares Underwriter(s) or Distributor(s): -Promoter(s):Redwood Asset Management Inc. Project #2028686

_______________________________________________ Issuer Name: Return On Innovation Fund Inc. Type and Date: Amendment #1 dated March 28, 2013 to the Long Form Prospectus dated August 28, 2012 Receipted on April 17, 2013 Offering Price and Description: -Underwriter(s) or Distributor(s): -Promoter(s):ACTRA Toronto Sponsor Inc. Return On Innovation Management Ltd. Project #1937922

_______________________________________________ Issuer Name: ROI CANADIAN RETIREMENT FUND ROI GLOBAL RETIREMENT FUND ROI CANADIAN TOP 30 SMALL CAP PICKS FUND ROI GLOBAL SUPERCYCLE FUND ROI CANADIAN TOP 20 PICKS FUND Principal Regulator - Ontario Type and Date: Amendment #1 dated March 28, 2013 to the Simplified Prospectuses and Annual Information Form dated June 29, 2012 NP 11-202 Receipt dated April 17, 2013 Offering Price and Description: -Underwriter(s) or Distributor(s): -Promoter(s):Return On Innovation Management Ltd. Project #1918933

_______________________________________________

Issuer Name: Signature Diversified Yield II Fund (formerly Signature Enhanced Yield Fund) (Class A, B, E, F, I and O units) Principal Regulator - Ontario Type and Date: Amendment #1 dated April 15, 2013 to the Simplified Prospectus and Annual Information Form dated July 26, 2012 NP 11-202 Receipt dated April 19, 2013 Offering Price and Description: -Underwriter(s) or Distributor(s): -Promoter(s):CI Investments Inc. Project #1916630

_______________________________________________ Issuer Name: Sun Life Financial Inc. Principal Regulator - Ontario Type and Date: Final Base Shelf Prospectus dated April 16, 2013 NP 11-202 Receipt dated April 17, 2013 Offering Price and Description: $5,000,000,000.00 - Debt Securities, Class A Shares, Class B Shares, Common Shares Underwriter(s) or Distributor(s): -Promoter(s):-Project #2041435

_______________________________________________ Issuer Name: TD Global High Yield Capital Class (T-Series and S-Series) TD Fixed Income Capital Yield Pool Class (T-Series and WT-Series) Principal Regulator - Ontario Type and Date: Amendment #1 dated April 15, 2013 to the Simplified Prospectuses and Annual Information Form dated February 28, 2013 NP 11-202 Receipt dated April 18, 2013 Offering Price and Description: -Underwriter(s) or Distributor(s): TD Waterhouse Canada Inc. Promoter(s):TD Asset Management Inc. Project #2006793

_______________________________________________


April 25, 2013 (2013) 36 OSCB 4554

Issuer Name: Trimel Pharmaceuticals Corporation (formerly J5 Acquisition Corp.) Principal Regulator - Ontario Type and Date: Final Short Form Prospectus dated April 18, 2013 NP 11-202 Receipt dated April 18, 2013 Offering Price and Description: $40,000,000.00 - 50,000,000 Common Shares Price: $0.80 per Common Share Underwriter(s) or Distributor(s): RBC DOMINION SECURITIES INC. Promoter(s):-Project #2029731

_______________________________________________ Issuer Name: UBS (Canada) High Yield Debt Fund Type and Date: Final Simplified Prospectus dated April 16, 2013 Receipted on April 18, 2013 Offering Price and Description: Mutual Fund Units @ Net Asset Value Underwriter(s) or Distributor(s): -Promoter(s):-Project #2031107

_______________________________________________ Issuer Name: WPT Industrial Real Estate Investment Trust Principal Regulator - Ontario Type and Date: Final Long Form Prospectus dated April 18, 2013 NP 11-202 Receipt dated April 19, 2013 Offering Price and Description: US$100,000,000.00 - 10,000,000 Units, Price US$10.00 per Unit Underwriter(s) or Distributor(s): CIBC World Market Inc. RBC Dominion Securities Inc. BMO Nesbitt Burns Inc. Scotia Capital Inc. TD Securities Inc. National Bank Financial Inc. Canaccord Genuity Corp. Raymond James Ltd. Promoter(s):Welsh Property Trust, LLC Project #2027905

_______________________________________________

April 25, 2013 (2013) 36 OSCB 4555

Chapter 12

Registrations

12.1.1 Registrants

Type Company Category of Registration Effective Date

Amalgamation

Canso Fund Management Ltd. and Big Rock Capital Management Inc.

To form: Canso Fund Management Ltd.

Investment Fund Manager April 1, 2013

Voluntary Surrender of Registration OFM Funds Group Inc. Investment Fund Manager April 17, 2013

Change in Registration Category

Investissements Standard Life Inc./Standard Life Investments Inc.

From: Portfolio Manager and Exempt Market Dealer

To: Portfolio Manager, Exempt Market Dealer and Investment Fund Manager

April 17, 2013

New Registration Mandeville Wealth Services Inc. Exempt Market Dealer and Mutual Fund Dealer April 17, 2013

Change in Registration Category

Sentry Investments Inc./Sentry Investissements Inc.

From: Mutual Fund Dealer, Portfolio Manager, Investment Fund Manager and Commodity Trading Manager

To: Exempt Market Dealer, Mutual Fund Dealer, Portfolio Manager, Investment Fund Manager and Commodity Trading Manager

April 19, 2013

New Registration QS Investors, LLC Portfolio Manager April 22, 2013

New Registration Globevest Capital Ltée Exempt Market Dealer, Investment Fund Manager and Portfolio Manager

April 22, 2013

Registrations

April 25, 2013 (2013) 36 OSCB 4556


April 25, 2013 (2013) 36 OSCB 4557

Index

Argosy Energy Inc. Cease Trading Order ................................................4463

Aurion Capital Management Inc. Decision ....................................................................4416

Banks, Lorne Notice from the Office of the Secretary .....................4408

Order.........................................................................4452

Barclays Capital Canada Inc. Decision ....................................................................4429

Barclays Capital Inc. Decision ....................................................................4429

Big Rock Capital Management Inc. Amalgamation ...........................................................4555

Brekelmans, Jenifer Notice of Hearing – ss. 127(1), 127.1 .......................4396

Notice from the Office of the Secretary .....................4405

Brookfield Property Partners L.P. Decision ....................................................................4412

Bunting & Waddington Inc. Notice of Hearing – ss. 127(1), 127.1 .......................4396


Cabo Catoche Corp. Notice from the Office of the Secretary .....................4405

Order.........................................................................4446

Canaco Resources Inc. Decision ....................................................................4409

Canso Fund Management Ltd. Amalgamation ...........................................................4555

Canso Fund Management Ltd. Amalgamation ...........................................................4555

Chomica, Jan Notice from the Office of the Secretary .....................4408

Order.........................................................................4452

Chomica, Michael Notice from the Office of the Secretary .....................4408

Order.........................................................................4452

Ciccone, Vincent Notice from the Office of the Secretary .....................4405

Order.........................................................................4446

Citigroup Global Markets Canada Inc. Decision ....................................................................4429

Citigroup Global Markets Inc. Decision.................................................................... 4429

Colby Cooper Capital Inc. Notice of Hearing – s. 127 of the Act and

Rule 12 of the OSC Rules of Procedure................... 4397 Notice from the Office of the Secretary .................... 4406

Colby Cooper Inc. Notice of Hearing – s. 127 of the Act and


Crown Capital Management Corp. Notice from the Office of the Secretary .................... 4408

Order ........................................................................ 4452

CSA Consultation Paper 91-407 – Derivatives: Registration

News Release .......................................................... 4401

Desjardins Financial Services Firm Inc. Decision.................................................................... 4425

Desjardins Investments Inc. Decision.................................................................... 4425

Desjardins Securities Inc. Decision.................................................................... 4425

Deutsche Bank Securities Inc. Decision.................................................................... 4429

Deutsche Bank Securities Limited Decision.................................................................... 4429

Factorcorp Financial Inc. Notice from the Office of the Secretary .................... 4407

Order ........................................................................ 4451

Factorcorp Inc. Notice from the Office of the Secretary .................... 4407

Order ........................................................................ 4451

Fagundes, Fernando Honorate Notice from the Office of the Secretary .................... 4404

Order – Rule 1.5.3 of the OSC Rules of Procedure .......................................... 4445

GeoGlobal Resources Inc. Cease Trading Order................................................ 4463

Global Capital Group Notice from the Office of the Secretary .................... 4408

Order ........................................................................ 4452

Index

April 25, 2013 (2013) 36 OSCB 4558

Global Consulting and Financial Services Notice from the Office of the Secretary .....................4408

Order.........................................................................4452

Globevest Capital Ltée New Registration.......................................................4555

Government Strip Bond Trust Order – s. 1(10)(a)(ii) ................................................4453

Hanna-Rogerson, Amy Notice from the Office of the Secretary .....................4408

Order – ss. 127, 127.1 ..............................................4453

Heritage Education Funds Inc. Notice from the Office of the Secretary .....................4406

Order.........................................................................4450

Heritage Management Group Notice from the Office of the Secretary .....................4407

Order.........................................................................4452

Homeland Energy Group Ltd. Cease Trading Order ................................................4463

Hrynisak, Anna Notice from the Office of the Secretary .....................4407

Order.........................................................................4452

HSBC Securities (Canada) Inc. Decision ....................................................................4429

HSBC Securities (USA) Inc. Decision ....................................................................4429

Investissements Standard Life Inc./Standard Life Investments Inc.

Change in Registration Category ..............................4555

Investment Funds Product Advisory Committee News Release...........................................................4403

J.P. Morgan Securities Canada Inc. Decision ....................................................................4429

J.P. Morgan Securities LLC Decision ....................................................................4429

Mandeville Wealth Services Inc. New Registration.......................................................4555

Mason, John Douglas Lee Notice of Hearing – s. 127 of the Act and

Rule 12 of the OSC Rules of Procedure ...................4397 Notice from the Office of the Secretary .....................4406

Medra Corp. Notice from the Office of the Secretary .....................4405

Order.........................................................................4446

Medra Corporation Notice from the Office of the Secretary .....................4405

Order.........................................................................4446

Merrill Lynch Canada Inc. Decision.................................................................... 4429

Merrill Lynch, Pierce, Fenner & Smith Incorporated Decision.................................................................... 4429

MFDA Oversight Review Report News Release .......................................................... 4399

Moore, Richard Bruce News Release .......................................................... 4398

Notice from the Office of the Secretary .................... 4404 Order – ss. 127, 127.1 of the Act and Rule 12 of the OSC Rules of Procedure................... 4440 Settlement Agreement.............................................. 4455

New Futures Trading International Corporation Notice from the Office of the Secretary .................... 4404

Order – Rule 1.5.3 of the OSC Rules of Procedure................................................... 4445

NI 45-106 Prospectus and Registration Exemptions Request for Comments............................................. 4465

Northland Resources S.A. Cease Trading Order................................................ 4463

OFM Funds Group Inc. Voluntary Surrender of Registration ......................... 4555

OSC Rule 45-501 Ontario Prospectus and Registration Exemptions

Request for Comments............................................. 4465

Pac West Minerals Limited Notice of Hearing – s. 127 of the Act and


Penfold Capital Acquisition IV Corporation Decision.................................................................... 4422

Portfolio Capital Inc. Notice from the Office of the Secretary .................... 4408

Order – ss. 127, 127.1.............................................. 4453

Prestige Telecom Inc. Order – s. 144 .......................................................... 4442

ProSep Inc. Cease Trading Order................................................ 4463

QS Investors, LLC New Registration ...................................................... 4555

RBC Capital Markets, LLC Decision.................................................................... 4429

RBC Dominion Securities Inc. Decision.................................................................... 4429

Index

April 25, 2013 (2013) 36 OSCB 4559

Roche, Henry Notice from the Office of the Secretary .....................4404

Order – Rule 1.5.3 of the OSC Rules of Procedure ..........................................4445

Rogerson, David Notice from the Office of the Secretary .....................4408

Order – ss. 127, 127.1 ..............................................4453

Sanmugam, Arvind Notice of Hearing – ss. 127(1), 127.1 .......................4396


Scotia Capital (USA) Inc. Decision ....................................................................4429

Scotia Capital Inc. Decision ....................................................................4429

Sentry Investments Inc./Sentry Investissements Inc. Change in Registration Category ..............................4555

Twerdun, Mark Ivan Notice from the Office of the Secretary .....................4407

Order.........................................................................4451

UBS Securities Canada Inc.Decision ....................................................................4429

UBS Securities LLC Decision ....................................................................4429

Winget, Julie Notice of Hearing – ss. 127(1), 127.1 .......................4396


Index

April 25, 2013 (2013) 36 OSCB 4560


Documents

OSC Bulletin · Deborah Leckman — DL Alan J. Lenczner — AJL Christopher Portner — CP Judith N. Robertson — JNR AnneMarie Ryan — AMR Charles Wesley Moore (Wes) Scott —