osc bulletin · 2015. 1. 14. · to the october 16, 2014 osc bulletin and are published in chapter...

The Ontario Securities Commission

OSC Bulletin

January 15, 2015

Volume 38, Issue 2

(2015), 38 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 business 22nd Floor, Box 55 One Corporate Plaza 20 Queen Street West 2075 Kennedy Road Toronto, Ontario Toronto, Ontario M5H 3S8 M1T 3V4 416-593-8314 or Toll Free 1-877-785-1555 416-609-3800 or 1-800-387-5164 Contact Centre – Inquiries, Complaints: Fax: 416-593-8122 TTY: 1-866-827-1295 Office of the Secretary: Fax: 416-593-2318

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January 15, 2015 (2015), 38 OSCB

Table of Contents

Chapter 1 Notices / News Releases ........................ 229 1.1 Notices ............................................................ 229 1.1.1 Notice of Ministerial Approval of Amendments to NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations and Related Instruments ......................................... 229 1.1.2 Notice of Correction – Gold-Quest International and Sandra Gale .......................... 230 1.2 Notices of Hearing .......................................... 231 1.2.1 Heritage Education Funds Inc. – ss. 127, 127.1 ............................................... 231 1.2.2 Christopher Reaney – s. 8(4) ........................... 233 1.3 News Releases .............................................. (nil) 1.4 Notices from the Office of the Secretary .............................................. 234 1.4.1 Heritage Education Funds Inc. ......................... 234 1.4.2 Ground Wealth Inc. et al. .................................. 234 1.4.3 Ground Wealth Inc. et al. .................................. 235 1.4.4 Heritage Education Funds Inc. ......................... 236 1.4.5 A25 Gold Producers Corp. et al. ....................... 236 1.4.6 Christopher Reaney ......................................... 237 Chapter 2 Decisions, Orders and Rulings .............. 239 2.1 Decisions ........................................................ 239 2.1.1 Marret Asset Management Inc. and Marret Multi-Strategy Income Fund .................. 239 2.1.2 Next Edge Capital Corporation et al. ................ 242 2.1.3 American Hotel Income Properties REIT LP ............................................................ 247 2.2 Orders.............................................................. 250 2.2.1 Ground Wealth Inc. et al. .................................. 250 2.2.2 Ground Wealth Inc. et al. .................................. 252 2.2.3 Heritage Education Funds Inc. ......................... 260 2.2.4 A25 Gold Producers Corp. et al. ....................... 261 2.2.5 Hollinger Inc. et al. ............................................ 263 2.2.6 EmberClear Corp. – s. 144 ............................... 272 2.3 Rulings ........................................................... (nil) Chapter 3 Reasons: Decisions, Orders and Rulings ..................................................... 273 3.1 OSC Decisions, Orders and Rulings ............ 273 3.1.1 Gold-Quest International and Sandra Gale ..................................................... 273 3.1.2 Ground Wealth Inc. et al. .................................. 279 3.1.3 Heritage Education Funds Inc. ......................... 290 3.2 Court Decisions, Order and Rulings ............ (nil) Chapter 4 Cease Trading Orders ............................. 297 4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders ........................... 297 4.2.1 Temporary, Permanent & Rescinding Management Cease Trading Orders ................ 297 4.2.2 Outstanding Management & Insider Cease Trading Orders ...................................... 297

Chapter 5 Rules and Policies .................................. 299 5.1.1 Amendments to NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations...................................... 299 5.1.2 Amendments to NI 33-109 Registration Information ....................................................... 312 5.1.3 Amendments to NI 52-107 Acceptable Accounting Principles and Auditing Standards .......................................... 341 5.1.4 Amendments to NI 23-102 Use of Client Brokerage Commissions, NI 24-101 Institutional Trade Matching and Settlement, NI 81-107 Independent Review Committee for Investment Funds, and MI 11-102 Passport System .............................................. 342 5.1.5 Amendments to Companion Policy 45-501CP Ontario Prospectus and Registration Exemptions, OSC Rule 91-501 Strip Bonds, OSC Rule 91-502 Trades in Recognized Options......................................... 343 5.1.6 Amendments to OSC Rule 33-506 (Commodity Futures Act) Registration Information ....................................................... 344 5.1.7 Amendments to OSC Rule 35-502 Non-Resident Advisers .................................... 373 Chapter 6 Request for Comments .......................... (nil) Chapter 7 Insider Reporting .................................... 375 Chapter 8 Notice of Exempt Financings................. 529

Reports of Trades Submitted on Forms 45-106F1 and 45-501F1 ................ 529

Chapter 9 Legislation ............................................... (nil) Chapter 11 IPOs, New Issues and Secondary Financings ............................................... 531 Chapter 12 Registrations ........................................... 535 12.1.1 Registrants ....................................................... 535 Chapter 13 SROs, Marketplaces,

Clearing Agencies and Trade Repositories ................................. 537

13.1 SROs ............................................................... (nil) 13.2 Marketplaces .................................................. 537 13.2.1 TSX – Request for Comments – Amendments to Toronto Stock Exchange Company Manual ............................ 537 13.2.2 Canadian Securities Exchange – Housekeeping Amendments to Rules, Policies and Forms – Notice of Approval ......... 550 13.3 Clearing Agencies ......................................... (nil) 13.4 Trade Repositories ........................................ (nil)

Table of Contents

January 15, 2015 (2015), 38 OSCB

Chapter 25 Other Information ................................... (nil) Index .............................................................................. 553

January 15, 2015

(2015), 38 OSCB 229

Chapter 1

Notices / News Releases 1.1 Notices 1.1.1 Notice of Ministerial Approval of Amendments to NI 31-103 Registration Requirements, Exemptions and

Ongoing Registrant Obligations and Related Instruments

NOTICE OF MINISTERIAL APPROVAL OF AMENDMENTS TO NATIONAL INSTRUMENT 31-103 REGISTRATION REQUIREMENTS, EXEMPTIONS AND ONGOING REGISTRANT OBLIGATIONS

AND RELATED INSTRUMENTS On December 18, 2014, the Minister of Finance approved amendments (the Amendments) made by the Ontario Securities Commission (OSC or Commission) to:

• National Instrument (NI) 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations and related forms

• NI 33-109 Registration Information and related forms • NI 52-107 Acceptable Accounting Principles and Auditing Standards • OSC Rule 33-506 (Commodity Futures Act) Registration Information and related forms • OSC Rule 35-502 Non-Resident Advisers • NI 23-102 Use of Client Brokerage Commissions • NI 24-101 Institutional Trade Matching and Settlement • NI 81-107 Independent Review Committee for Investment Funds • OSC Rule 91-501 Strip Bonds • OSC Rule 91-502 Trades in Recognized Options

The Amendments were made by the Commission on September 23, 2014. The Amendments were published in the Supplement to the October 16, 2014 OSC Bulletin and are published in Chapter 5 of this Bulletin. The Amendments came into force on January 11, 2015 (or, will come into force six months later in the case of the amendments adding new restrictions on trading activities by exempt market dealers). On September 23, 2014, the Commission also adopted related amendments to:

• Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations • Companion Policy 33-109CP Registration Information • Companion Policy 45-501CP Ontario Prospectus and Registration Exemptions • Companion Policy 52-107CP Acceptable Accounting Principles and Auditing Standards • Companion Policy 33-506CP (Commodity Futures Act) Registration Information

These amendments also became effective on January 11, 2015 (or, will become effective six months later in the case of the amendments related to the new restrictions on trading activities by exempt market dealers). These amendments were also published in the Supplement to the October 16, 2014 OSC Bulletin and are published in Chapter 5 of this Bulletin.

Notices / News Releases

January 15, 2015

(2015), 38 OSCB 230

1.1.2 Notice of Correction – Gold-Quest International and Sandra Gale

NOTICE OF CORRECTION

IN THE MATTER OF THE SECURITIES ACT,

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

AND

IN THE MATTER OF GOLD-QUEST INTERNATIONAL and SANDRA GALE

(2014), 37 O.S.C.B. 8594. In the published Oral Reasons and Decision in this matter, Appendix A: Agreed Statement of Facts, was inadvertently omitted. The Oral Reasons and Decision have been amended to include this Appendix A.”


January 15, 2015

(2015), 38 OSCB 231

1.2 Notices of Hearings 1.2.1 Heritage Education Funds Inc. – ss. 127, 127.1



AND

IN THE MATTER OF HERITAGE EDUCATION FUNDS INC.

NOTICE OF HEARING

(Sections 127 and 127.1) TAKE NOTICE THAT the Ontario Securities Commission (the “Commission”) will hold a hearing pursuant to section 127 of the 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 Hearing Room on Monday, January 12, 2015 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 to consider whether it is in the public interest for the Commission to:”(a) approve the Settlement Agreement between Staff of the Commission and Heritage Education Funds Inc. (“HEFI”); and (b) make such other order as the Commission may consider appropriate; BY REASON OF the allegations set out in the Statement of Allegations dated January 6, 2015 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. DATED at Toronto this”8th day of January, 2015. “Josée Turcotte” Secretary to the Commission


January 15, 2015

(2015), 38 OSCB 232



AND


STATEMENT OF ALLEGATIONS OF STAFF OF THE ONTARIO SECURITIES COMMISSION

STAFF OF THE ONTARIO SECURITIES COMMISSION MAKE THE FOLLOWING ALLEGATIONS: 1. Heritage Education Funds Inc. (“HEFI”) distributes units of two types of registered education savings plans under the

Act which Plans are registered under the Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), as amended. 2. HEFI is registered with the Commission as both an investment fund manager and as a dealer in the category of

scholarship plan dealer. 3. HEFI has been the subject of three compliance field review reports since 2003 by Staff of the Compliance and

Registrant Regulation Branch (“CRR Staff”). HEFI also had terms and conditions previously imposed on its registration by CRR Staff, namely, from April 16, 2003 to October 28, 2003 and from July 9, 2004 to March 28, 2005. The last compliance field review report on HEFI dated June 14, 2012 (the “2012 Compliance Report”) had a review period of November 1, 2010 to October 31, 2011. In some cases, CRR Staff found HEFI to be deficient in similar areas to those previously identified as containing deficiencies.

4. As set out in the 2012 Compliance Report, on or between November 1, 2010 and October 31, 2011, HEFI did not meet

reasonable compliance practices by failing to adequately meet its compliance obligations in certain of its sales supervision and compliance activities and thereby engaged in conduct contrary to the public interest.

Dated at Toronto this 6th day of January, 2015.


January 15, 2015

(2015), 38 OSCB 233

1.2.2 Christopher Reaney – s. 8(4)



AND

IN THE MATTER OF CHRISTOPHER REANEY

NOTICE OF HEARING

(Subsection 8(4)) TAKE NOTICE THAT the Ontario Securities Commission (the “Commission”) will hold a hearing at the offices of the Commission at 20 Queen Street West, 17th Floor, Hearing Room B”on January 14, 2015 at 2:30 p.m., or as soon thereafter as the hearing can be held; AND TAKE FURTHER NOTICE that the purpose of the hearing is to consider a request made by Christopher Reaney (“Reaney”) to stay a decision of a Director dated January 5, 2015 pending the disposition of Reaney’s hearing and review of that decision. AND TAKE FURTHER NOTICE that any party to the proceeding 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; AND TAKE FURTHER NOTICE that the Notice of Hearing is also available in French, participation may be in either French or English and participants must notify the Secretary’s Office in writing as soon as possible, and in any event, at least thirty (30) days before a hearing if the participant is requesting a proceeding to be conducted wholly or partly in French; and ET AVIS EST ÉGALEMENT DONNÉ PAR LA PRÉSENTE que l'avis d'audience est disponible en français, que la participation à l'audience peut se faire en français ou en anglais et que les participants doivent aviser le Bureau du secrétaire par écrit le plut tôt possible et, dans tous les cas, au moins trente (30) jours avant l'audience si le participant demande qu'une instance soit tenue entièrement ou partiellement en français. DATED at Toronto this 13th day of January, 2015. “Josée Turcotte” Secretary to the Commission


January 15, 2015

(2015), 38 OSCB 234

1.4 Notices from the Office of the Secretary 1.4.1 Heritage Education Funds Inc.

FOR IMMEDIATE RELEASE January 8, 2015

IN THE MATTER OF

THE SECURITIES ACT, R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF

HERITAGE EDUCATION FUNDS INC. 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 Heritage Education Funds Inc. in the above named matter. The hearing will be held on January 12, 2015 at 10:00 a.m. or as soon thereafter as the hearing can be held in the above named matter. The hearing will be held at the offices of the Commission at 20 Queen Street West, 17th Floor, Toronto A copy of the Notice of Hearing dated January 8, 2015 and Statement of Allegations of Staff of the Ontario Securities Commission dated January 6, 2015 are available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY JOSÉE TURCOTTE ACTING SECRETARY For media inquiries: [email protected] For investor inquiries: OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)

1.4.2 Ground Wealth Inc. et al.


IN THE MATTER OF


AND

IN THE MATTER OF

GROUND WEALTH INC., MICHELLE DUNK, ADRION SMITH, JOEL WEBSTER, DOUGLAS DEBOER,

ARMADILLO ENERGY INC., ARMADILLO ENERGY, INC.,

and ARMADILLO ENERGY, LLC (aka ARMADILLO ENERGY LLC)

AND

IN THE MATTER OF

A SETTLEMENT AGREEMENT BETWEEN STAFF OF THE ONTARIO SECURITIES COMMISSION

and GROUND WEALTH INC., MICHELLE DUNK, DOUGLAS DEBOER and JOEL WEBSTER

TORONTO – The Commission issued an Order in the above named matter approving the Settlement Agreement reached between Staff of the Commission and Ground Wealth Inc., Michelle Dunk, Douglas DeBoer and Joel Webster. A copy of the Order dated January 6, 2015 and Settlement Agreement dated January 5, 2015 are available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY JOSÉE TURCOTTE ACTING SECRETARY For media inquiries: [email protected] For investor inquiries: OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)


January 15, 2015

(2015), 38 OSCB 235



IN THE MATTER OF


AND

IN THE MATTER OF

GROUND WEALTH INC., MICHELLE DUNK, ADRION SMITH, JOEL WEBSTER, DOUGLAS DeBOER, ARMADILLO ENERGY INC.,

ARMADILLO ENERGY, INC., and ARMADILLO ENERGY, LLC (aka ARMADILLO ENERGY LLC) TORONTO – The Commission issued an Order in the above noted matter which provides that:

1. The oral hearing dates scheduled to commence on January 26, 2015, are hereby vacated and the hearing in writing shall continue on the following schedule:

a. The Non-Settling Respondents and Staff shall file any further or supplementary evidence briefs by

January 26, 2015, at 4:00 pm; b. Staff shall serve and file its written submissions by February 20, 2015, at 4:00 p.m.; c. the Non-Settling Respondents shall serve and file their written submissions by March 20, 2015, at

4:00 p.m.; and d. Staff shall serve and file any written submissions in reply by April 3, 2015, at 4:00 p.m.

A copy of the Order dated January 7, 2015 is available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY JOSÉE TURCOTTE ACTING SECRETARY For media inquiries: [email protected] For investor inquiries: OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)


January 15, 2015

(2015), 38 OSCB 236

1.4.4 Heritage Education Funds Inc.


IN THE MATTER OF


AND

IN THE MATTER OF

HERITAGE EDUCATION FUNDS INC. 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 Heritage Education Funds Inc. A copy of the Order dated January 12, 2015 and Settlement Agreement dated January 6, 2015 are available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY JOSÉE TURCOTTE ACTING SECRETARY For media inquiries: [email protected] For investor inquiries: OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)

1.4.5 A25 Gold Producers Corp. et al.


IN THE MATTER OF


AND

IN THE MATTER OF

A25 GOLD PRODUCERS CORP., DAVID AMAR, JAMES STUART ADAMS and AVI AMAR

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

(a) the hearing dates of February 25 and 26, 2015 are vacated; and

(b) the hearing on the merits in this matter

shall commence at 9:30 a.m. on February 27, 2015.

A copy of the Order dated January 12, 2015 is available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY JOSÉE TURCOTTE ACTING SECRETARY For media inquiries: [email protected] For investor inquiries: OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)


January 15, 2015

(2015), 38 OSCB 237

1.4.6 Christopher Reaney


IN THE MATTER OF

THE SECURITIES ACT. R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF

CHRISTOPHER REANEY TORONTO – The Commission issued a Notice of Hearing to consider a request made by Christopher Reaney to stay a decision of a Director dated January 5, 2015 pending the disposition of the hearing and review of that decision. The hearing will be held on January 14, 2015 at 2:30 p.m. on the 17th floor of the Commission's offices located at 20 Queen Street West, Toronto. A copy of the Notice of Hearing dated January 13, 2015 and Application for a Hearing and Review are available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY JOSÉE TURCOTTE ACTING SECRETARY For media inquiries: [email protected] For investor inquiries: OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)


January 15, 2015

(2015), 38 OSCB 238

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January 15, 2015

(2015), 38 OSCB 239

Chapter 2

Decisions, Orders and Rulings 2.1 Decisions 2.1.1 Marret Asset Management Inc. and Marret

Multi-Strategy Income Fund Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – Approval granted under paragraph 5.5(1)(d) of NI 81-102 to suspend redemptions to allow for the orderly wind-up and termination of a non-redeemable investment fund – approval expires on December 31, 2016 – manager to comply with notice requirements in NI 81-102 regarding fund’s termination – approval based on specific representations and subject to conditions. Applicable Legislative Provisions National Instrument 81-102 Investment Funds, ss.

5.5(1)(d), 19.1.

December 29, 2014

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

MARRET ASSET MANAGEMENT INC. (the Filer)

AND

MARRET MULTI-STRATEGY INCOME FUND

(the Fund)

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) for approval under paragraph 5.5(1)(d) of National Instrument 81-102 Investment Funds (NI 81-102) to permit the Fund to suspend the right of its unitholders to request that the Fund redeem their units (the Suspension

of Redemptions) prior to the termination of the Fund (the Requested Approval). Under the Process for Exemptive Relief Applications in Multiple Jurisdictions:

(a) the Ontario Securities Commission is the principal regulator for the 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 British Columbia, Alberta, Saskatchewan, Manitoba, Qué-bec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, and Yukon (together with Ontario, the Applicable Jurisdictions).

Interpretation Terms defined in MI 11-102, National Instrument 14-101 Definitions and NI 81-102 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: The Filer 1. The Filer is a corporation incorporated under the

laws of the Province of Ontario with its head office located in Toronto, Ontario. The Filer is registered under the securities legislation of all the provinces of Canada as an investment fund manager and portfolio manager.

2. The Filer is not in default of securities legislation in

any Applicable Jurisdiction. 3. The Filer is the manager of the Fund. The Fund 4. The Fund is a trust formed under the laws of the

Province of Ontario and governed by a declaration of trust dated as of February 25, 2011 (as amended from time to time, the Declaration of Trust).

5. The Fund is a “non-redeemable investment fund”

(as such term is defined under the Securities Act (Ontario)). The Fund completed an initial public offering of Class A units and Class F units (collectively, units) in the Applicable Jurisdictions

Decisions, Orders and Rulings

January 15, 2015

(2015), 38 OSCB 240

pursuant to a prospectus dated February 25, 2011 and therefore is a reporting issuer in each Applicable Jurisdiction and an investment fund to which NI 81-102 applies.

6. The Class A units of the Fund currently are listed

for trading on the Toronto Stock Exchange (the TSX). The Class F units of the Fund are not so listed, but are convertible into Class A units at the option of the holder.

7. The Fund’s investment objectives are to:

(a) generate equity-like returns with sub-stantially less volatility than the S&P/TSX Composite Index; and

(b) provide unitholders of the Fund with

attractive, risk adjusted, quarterly, tax advantaged cash distributions, initially targeted to be 5% per annum on the original issue price of $12,00 per unit,

by obtaining exposure to between four and five separate, actively managed, portfolios (collectively, the Portfolio) that invest primarily in investment and non-investment grade corporate debt and U.S. and Canadian yield producing equities.

8. To pursue its investment objectives, the Fund is a party to a forward agreement dated March 18, 2011 (the Forward Agreement) which provides the Fund with exposure to the returns of the Portfolio held by Marret MSIF Trust (the Reference Trust).

9. The Fund is not in default of securities legislation

in any Applicable Jurisdiction. 10. According to the Declaration of Trust, the regularly

scheduled termination date of the Fund is December 31, 2016.

Termination of the Fund 11. Pursuant to the Declaration of Trust, unitholders of

the Fund are entitled to request that the Fund redeem their units at their net asset value on the last business day of each year (each an Annual Redemption Date). An Annual Redemption Date will occur on December 31, 2014.

12. The Fund has received requests to redeem

approximately 44% of its outstanding units. As of December 15, 2014, the net asset value of the Fund was approximately $32,905,000. If all redemption requests are processed on December 31, 2014, the net asset value of the Fund is expect to diminish to approximately $17,938,000.

13. The Portfolio currently includes two investments

(the Illiquid Positions) that constitute illiquid

assets with an aggregate value of approximately $3,005,000, equivalent to approximately 9.13% of the net asset value of the Fund as at December 15, 2014. If all redemption requests are processed on December 31, 2014, it is expected that assets in the Portfolio other than the Illiquid Positions will be liquidated, with the result that the Illiquid Positions will become equivalent to approximately 16.75% of the net asset value of the Fund.

14. Pursuant to the Declaration of Trust, the Filer is of

the opinion that it would be in the best interests of unitholders to terminate the Fund due to: (a) the diminished size of the Fund and

related loss of economies of scale that would result if all redemption requests are processed;

(b) the risk of reduced diversification

resulting from investing a smaller amount of assets across a smaller portfolio of high yield securities;

(c) the increased proportion of the Fund’s

investment exposure that would be represented by the Illiquid Positions if all redemption requests are processed; and

(d) the disproportionate amount of risk that

would be borne by unitholders of the Fund who did not submit requests to redeem their units due to the increased concentration of Illiquid Positions in the Portfolio.

15. Accordingly, the Filer proposes to:

(a) suspend the right of unitholders to

redeem their units on December 31, 2014;

(b) settle the Forward Agreement and

thereafter become a unitholder of the Reference Trust;

(c) redeem units of the Reference Trust

equal to approximately the net asset value of the Trust, less the value of the Illiquid Positions, and distribute the proceeds therefrom to the unitholders of the Fund, which distribution will represent approximately 90% of the current net asset value per unit of the Fund; and

(d) in due course, redeem its remaining units

of the Reference Trust once the Reference Trust has liquidated the Illiquid Positions and distribute the proceeds therefrom to the unitholders of the Fund,

(collectively, the Termination Steps).


January 15, 2015

(2015), 38 OSCB 241

The Filer expects to complete the steps described in paragraphs (a) through (c) above by January 31, 2015. The Filer will seek to complete the actions described in paragraph (d) above by December 31, 2016, at which time the Fund will terminate. The Filer has issued a press release and filed a material change report in accordance with subsection 75(2) of the Securities Act (Ontario) announcing the Suspension of Redemptions and subsequent wind-up and termination of the Fund.

16. The Filer will seek to maintain the listing of its

Class A units on the TSX until the date the Fund terminates.

17. The Filer believes that the Termination Steps will

be in the best interests of unitholders of the Fund because:

(a) the Termination Steps will enable the

Fund to distribute the maximum amount of assets pro rata to all its unitholders as quickly as possible in an orderly manner; and

(b) the Termination Steps will ensure that all

existing unitholders are treated in a similar manner in connection with the termination of the Fund, rather than providing unitholders who have reques-ted a redemption of their units greater liquidity at the expense of unitholders who have not submitted such a request.

18. As a result of the amendments to NI 81-102,

which came into effect on September 22, 2014, the Fund may only suspend redemptions of its securities in the limited circumstances described in section 10.6 of NI 81-102, neither of which apply in the present case.

19. As a result, pursuant to paragraph 5.5(1)(d) of NI

81-102, the Fund requires the approval of the regulator before it can implement the Suspension of Redemptions.

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 Requested Approval is granted provided that:

(a) the Suspension of Redemptions may continue until, but not beyond, December 31, 2016;

(b) the proceeds of the sale of all positions in

the Portfolio, other than the Illiquid Posi-

tions, will be distributed to unitholders of the Fund by January 31, 2015;

(c) during the Suspension of Redemptions,

the Fund will continue to meet its continuous disclosure obligations under National Instrument 81-106 Investment Fund Continuous Disclosure;

(d) the Manager will stop earning and

collecting management fees from the Fund while the Suspension of Redemp-tions remains in effect;

(e) the Fund will not distribute any further

securities prior to its termination; and (f) the Filer will comply with section 5.8.1 of

NI 81-102 with respect to providing notice to unitholders of the Fund regarding the termination of the Fund.

“Vera Nunes” Manager, Investment Funds and Structured Products Ontario Securities Commission


January 15, 2015

(2015), 38 OSCB 242

2.1.2 Next Edge Capital Corporation et al. Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – approval of merger of two investment funds into a mutual fund – approval required because merger does not meet the criteria for pre-approved reorganizations and transfers in National Instrument 81-102 – the continuing fund does not have substantially similar fundamental investment objectives as the terminating funds – the merger will not be a “qualifying exchange” or tax-deferred transaction under the Income Tax Act (Canada) – the materials mailed to securityholders of the terminating funds did not contain the continuing funds’ fund facts document – securityholders of the terminating fund not permitted to redeem their securities prior to the date of the merger – securityholders of terminating funds provided with timely and adequate disclosure regarding the merger and prospectus-level disclosure regarding the continuing fund. Applicable Legislative Provisions . National Instrument 81-102 Investment Funds, s. 5.5(1)(b).

December 16, 2014

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

NEXT EDGE CAPITAL CORPORATION (the Filer)

AND

IN THE MATTER OF

NEXT EDGE GLG EMERGING MARKETS INCOME FUND and NEXT EDGE GLG EM INCOME FUND

(collectively, the Terminating Funds)

AND

IN THE MATTER OF NEXT EDGE THETA YIELD FUND

(the Continuing Fund and, together with the Terminating Funds, the Funds)

DECISION

Background The principal regulator in the Jurisdiction has received an application from the Filer, the investment fund manager of each of the Funds, for a decision under the securities legislation of the Jurisdiction of the principal regulator (the Legislation) for approval of the merger (the Merger Approval) pursuant to paragraph 5.5(1)(b) of National Instrument 81-102 – Investment Funds (NI 81-102). Under the Process for Exemptive Relief Applications in Multiple Jurisdictions (for a passport application):

(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 each of the other provinces and territories of Canada.

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. The following terms shall have the following meanings: “Circular” means the notice of the meeting, management information circular and form of proxy of the Terminating Funds dated November 12, 2014. “EM Income Fund” means Next Edge GLG EM Income Fund. “GLG Emerging Markets Income Fund” means Next Edge GLG Emerging Markets Income Fund. “IRC” means the independent review committee of the Terminating Funds. “Meeting” means the adjourned meeting of the unitholders of the Terminating Funds scheduled to be held on or about December 17, 2014. “Merger” means the proposed merger of the Terminating Funds into the Continuing Fund to be effective on the Merger Effective Date subject to the receipt of applicable unitholder and regulatory approvals. “Merger Effective Date” means the date for effecting the Merger, which is expected to be the business day immediately following the date on which the required approvals are obtained for the Merger. “Tax Act” means the Income Tax Act (Canada).


January 15, 2015

(2015), 38 OSCB 243

Representations This decision is based on the following facts represented by the Filer: The Filer 1. The Filer is a privately-owned corporation existing

under the Business Corporations Act (Ontario) and its head office is located at 1 Toronto Street, Suite 200, Toronto, Ontario.

2. The Filer is the investment fund manager of each

of the Funds and is registered as investment fund manager in the Provinces of Newfoundland and Labrador, Ontario and Quebec.

GLG Emerging Markets Income Fund 3. GLG Emerging Markets Income Fund is a closed-

end investment fund established under the laws of the Province of Ontario on October 24, 2011 and its head office is located at 1 Toronto Street, Suite 200, Toronto, Ontario.

4. The beneficial interest in the net assets of GLG

Emerging Markets Income Fund is divided into trust units of two classes, Class A Units and Class F Units. Since its initial public offering, which was completed in November 2011, GLG Emerging Markets Income Fund has not issued any additional securities.

5. As at December 8, 2014, the net asset value

(NAV) of the Class A Units of GLG Emerging Markets Income Fund was $11,663,674.61 and the NAV per Class A Unit was $7.01 and the NAV of the Class F Units of GLG Emerging Markets Income Fund was $1,495,247.98 and the NAV per Class F Unit was $7.69.

6. GLG Emerging Markets Income Fund was created

to provide exposure to an actively managed, liquid and diversified portfolio of securities and other instruments across various asset classes primarily within global emerging markets (the Portfolio).

7. GLG Emerging Markets Income Fund obtained

economic exposure to the Portfolio through a forward agreement, as the Portfolio was held by GLG Emerging Markets Income Portfolio Ltd. (GLG Ltd.), an exempted company with limited liability incorporated in the Cayman Islands.

8. The Portfolio was actively managed by GLG

Partners LP, a limited partnership registered under the Limited Partnership Act, 1907 of England and Wales. GLG Partners (Cayman) Limited acted as the manager of GLG Ltd.

9. Prior to June 2014, the manager of GLG

Emerging Markets Income Fund as well as the manager and the portfolio manager of GLG Ltd.

were indirectly wholly-owned subsidiaries of Man Group plc. (Man).

10. On October 28, 2014, the Manager announced

that GLG Ltd. will be liquidated and, as a result, the forward agreement entered into by GLG Emerging Markets Income Fund was settled on November 18, 2014. GLG Emerging Markets Income Fund is currently invested in cash.

EM Income Fund 11. EM Income Fund is a commodity pool structured

as an open-end investment trust established under the laws of the Province of Ontario on May 18, 2012 and its head office is located at 1 Toronto Street, Suite 200, Toronto, Ontario.

12. The beneficial interest in the net assets of EM

Income Fund is divided into trust units of 11 classes of which only Class L Units, Class M Units, Class N Units and Class O Units are issued and outstanding.

13. As at December 8, 2014, the NAV of the Class L

Units of EM Income Fund was $3,899,603 and the NAV per Class L Unit was $6.97, the NAV of the Class M Units of EM Income Fund was $1,308,632 and the NAV per Class M Unit was $7.26, the NAV of the Class N Units of EM Income Fund was $2,232,986 and the NAV per Class N Unit was $8.10 and the NAV of the Class O Unit of EM Income Fund was $155,914 and the NAV per Class O Unit was $8.42.

14. EM Income Fund was created to provide exposure

to an actively managed, liquid and diversified portfolio of securities and other instruments across various asset classes primarily within global emerging markets (the EM Portfolio).

15. EM Income Fund obtained economic exposure to

the EM Portfolio through a forward agreement, as the EM Portfolio was held by GLG Emerging Markets Income Portfolio II Ltd. (GLG II Ltd.), an exempted company with limited liability in the Cayman Islands.

16. The EM Portfolio was actively managed by GLG

Partners LP. GLG Partners (Cayman) Limited acted as the manager of GLG II Ltd.

17. Prior to June 2014, the manager of EM Income

Fund as well as the manager and the portfolio manager of GLG II Ltd. were indirectly wholly-owned subsidiaries of Man.

18. On October 28, 2014, the Manager announced

that GLG II Ltd. will be liquidated and, as a result, the forward agreement entered into by EM Income Fund was settled on November 3, 2014. EM Income Fund is currently invested in cash.


January 15, 2015

(2015), 38 OSCB 244

The Continuing Fund 19. The Continuing Fund is an open-ended mutual

fund established under the laws of the Province of Ontario on December 1, 2014 and its head office is located at 1 Toronto Street, Suite 200, Toronto, Ontario.

20. The beneficial interest in the net assets of the

Continuing Fund is divided into Class A Units, Class A1 Units, Class F Units and Class F1 Units.

21. The Continuing Fund seeks to achieve

uncorrelated returns to the market for its investors over the long term by simultaneously writing and buying options on the same underlying interests (such as options on indices and exchange-traded funds) with the expectation of earning a positive return from changes in the values of the options as they approach expiration.

22. Securities of the Continuing Fund are currently

qualified for sale by a simplified prospectus, an annual information form and fund facts documents dated December 1, 2014.

The Funds 23. Each of the Funds is a reporting issuer in each

province and territory of Canada. 24. Neither the Filer nor any of the Funds is in default

under the securities legislation in any province or territory of Canada.

The Merger 25. The Filer proposes to effect the Merger on or

about the Merger Effective Date subject to the required unitholder approvals.

26. On December 3, 2014, the quorum requirements

for the special meeting of unitholders of each Terminating Fund, at which unitholders were to consider the Merger, were not met and, as a result, the meetings were adjourned to December 17, 2014. At the adjourned Meeting, the unitholders then present in person or represented by proxy shall constitute quorum.

27. Unitholders of the Terminating Funds will be

asked to approve the Merger at the Meeting. 28. Pursuant to National Instrument 81-107 –

Independent Review Committee for Investment Funds, the IRC reviewed the Merger, and advised the Filer that, in the IRC’s opinion, having reviewed the Merger as a potential conflict of interest, following the process proposed, the Merger, if approved by unitholders, would achieve a fair and reasonable result for the unitholders of the relevant Fund.

29. No sales charges will be payable by unitholders of the Terminating Funds in connection with the Merger and no redemption fee will be payable with respect to the Class A1 Units and Class F1 Units received by unitholders of the Terminating Funds as a result of the Merger.

30. If an affirmative vote of unitholders of the

Terminating Funds and regulatory approval is received, the Terminating Funds will merge into the Continuing Fund on or about the close of business on the Merger Effective Date. If unitholder or regulatory approval for the Merger is not received, the Terminating Funds will be terminated.

31. The management fees of each applicable class of

the Continuing Fund will be lower than the management and administrative fees of the corresponding class of the Terminating Funds.

32. The Merger will not constitute a material change

for the Continuing Fund. Merger Steps 33. Pursuant to the Merger:

a. holders of Class A Units of GLG Emerging Markets Income Fund will receive Class A1 Units of the Continuing Fund;

b. holders of Class F Units of GLG

Emerging Markets Income Fund will receive Class F1 Units of the Continuing Fund;

c. holders of Class L Units and Class N

Units of the EM Income Fund will receive Class A1 Units of the Continuing Fund; and

d. holders of Class M Units and Class O

Units of the EM Income Fund will receive Class F1 Units of the Continuing Fund.

34. The Terminating Funds are currently holding cash

and will continue to hold cash until the Merger Effective Date. Accordingly, the Continuing Fund will acquire cash on the Merger.

35. Following the Merger, the Continuing Fund will

continue as a publicly offered open-end mutual fund and the Terminating Funds will be wound up as soon as reasonably practicable.

36. The Filer will be responsible for all costs

associated with the Merger.


January 15, 2015

(2015), 38 OSCB 245

Unitholder Disclosure 37. The Circular was mailed to unitholders of the

Terminating Funds on November 12, 2014 and filed on SEDAR in accordance with applicable securities legislation.

38. The Circular includes a summary of the IRC

approval, information about the differences in the investment objectives of the Continuing Fund and each of the Terminating Funds, including that the investment objective of the Continuing Fund is not substantially similar to the investment objectives of the Terminating Funds, and the fact that the Merger will be effected on a taxable basis. Accordingly, unitholders will have an opportunity to consider this information prior to voting on the Merger at the Meeting.

39. The material sent to securityholders of the

Terminating Funds did not include a fund facts document of the Continuing Fund, since the Continuing Fund had not filed a fund facts document at the time the Circular was mailed. However, the Circular contained prospectus level disclosure about the Continuing Fund.

Reasons for Merger Approval 40. The Filer requires Merger Approval and cannot

rely on subsection 5.6(1) of NI 81-102 for the following reasons: a. a reasonable person would not consider

the Continuing Fund to have substantially similar investment objectives, valuation procedures and fee structure as the Terminating Funds;

b. the Merger will not be a “qualifying

exchange” or a tax deferred transaction within the meaning of the Tax Act;

c. the fund facts document of the

Continuing Fund was not sent to unitholders of the Terminating Funds; and

d. unitholders of GLG Emerging Markets

Income Fund will not have the right to redeem their units at a price equal to their net asset value per security prior to the Merger Effective Date.

41. The Filer believes that the Merger will be

beneficial to unitholders of the Funds for the following reasons: a. unitholders of the Terminating Funds and

the Continuing Fund will enjoy increased economies of scale and lower fund operating expenses (which are borne

directly by unitholders) as part of a larger combined Continuing Fund;

b. unitholders of the Terminating Funds will

be subject to lower management fees as the management fees on the Class A1 Units and Class F1 Units of the Continuing Fund are lower than the management fees currently charged by the Terminating Funds on corresponding classes of units;

c. the units of the Continuing Fund are

redeemable daily at a price based on the net asset value per unit; and

d. the Continuing Fund, as a result of its

greater size, may benefit from its larger profile in the marketplace.

42. The Filer also believes that unitholders will benefit

from the investment objective of the Continuing Fund, which is to seek to achieve uncorrelated returns to the market for its investors over the long term by simultaneously writing and buying options on the same underlying interests (such as options on indices and exchange traded funds) with the expectation of earning a positive return from changes in the values of the options as they approach expiration.

43. The Merger will not be effected on a tax-deferred

“rollover” basis to unitholders of the Terminating Funds. However, the Filer expects that unitholders of the Terminating Funds who have held units from inception would not have benefited from a tax-deferred rollover as they generally would realize a loss rather than a gain on a taxable disposition of their units on a redemption in exchange for units of the Continuing Fund.

44. The unitholders of GLG Emerging Markets Income

Fund will not have the right to redeem their units at a price equal to their net asset value per security prior to the Merger Effective Date. However, the Filer believes that an additional redemption right is not necessary, since the Continuing Fund is redeemable daily at a price based on the net asset value per unit and no redemption fee will be payable with respect to the Class A1 Units and Class F1 Units received by unitholders of GLG Emerging Markets Income Fund as a result of the Merger.

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 Merger Approval is granted, provided that the Filer obtains the prior approval of the unitholders of the


January 15, 2015

(2015), 38 OSCB 246

Terminating Funds for the Merger at the Meeting, or any adjournments thereof. “Darren McKall” Manager, Investment Funds and Structured Products Ontario Securities Commission


January 15, 2015

(2015), 38 OSCB 247

2.1.3 American Hotel Income Properties REIT LP Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – National Instrument 51-102 Continuous Disclosure Obligations, s. 13.1 – business acquisition report – the applicant requires relief from the requirement to file a business acquisition report – the acquisition is insignificant applying the asset and investment tests but applying the profit or loss test produces an anomalous results because the significance of the acquisition under this test is disproportionate to its significance on an objective basis in comparison to the results of the other significance tests and all other business, commercial, financial and practical factors – the applicant has provided additional measures that demonstrate the insignificance of the property to the applicant and that are generally consistent with the results when applying the asset and investment tests. Applicable Legislative Provisions National Instrument 51-102 Continuous Disclosure Obligations, s. 13.1.

December 30, 2014

IN THE MATTER OF THE SECURITIES LEGISLATION OF BRITISH COLUMBIA AND ONTARIO

(the Jurisdictions)

AND

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

AND

IN THE MATTER OF

AMERICAN HOTEL INCOME PROPERTIES REIT LP (the Filer)

DECISION

Background 1 The securities regulatory authority or regulator in each of the Jurisdictions (Decision Maker) has received an application

from the Filer for a decision under the securities legislation of the Jurisdictions (the Legislation) granting relief from the requirement in Part 8 of National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) to file a business acquisition report (BAR) in connection with the Filer’s acquisition of a portfolio of three hotel properties in Amarillo, Texas (the Texas Portfolio), which was completed on October 27, 2014 (the Exemption Sought). Under the Process for Exemptive Relief Applications in Multiple Jurisdictions (for a dual application):

(a) the British Columbia Securities Commission is the principal regulator for this application, (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 Alberta, Saskatchewan, Manitoba, Quebec, Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Yukon, Northwest Territories and Nunavut, and

(c) the decision is the decision of the principal regulator and evidences the decision of the securities

regulatory authority or regulator in Ontario.

Interpretation 2 Terms defined in National Instrument 14-101 Definitions, MI 11-102 and NI 51-102 have the same meaning if used in

this decision, unless otherwise defined in this decision.


January 15, 2015

(2015), 38 OSCB 248

Representations 3 This decision is based on the following facts represented by the Filer:

The Filer 1. the Filer is an Ontario limited partnership established under the laws of the Province of Ontario pursuant to a

declaration of limited partnership and its head office is located in Vancouver, British Columbia; 2. the Filer is a reporting issuer under the securities legislation of each of the provinces and territories of

Canada; 3. the limited partnership units of the Filer are listed and posted for trading on the Toronto Stock Exchange under

the trading symbol “HOT.UN”; 4. the Filer is not in default of securities legislation in any jurisdiction; 5. the Filer completed its initial public offering (the IPO) on February 20, 2013, pursuant to a final long form

prospectus dated February 12, 2013 (the IPO Prospectus), of 9,570,000 Units (as defined in the IPO Prospectus), inclusive of 870,000 Units issued pursuant to a partial exercise of the over-allotment option, for total gross proceeds of Cdn$95,700,000;

6. on March 1, 2013, the remaining balance of the over-allotment option associated with the IPO was exercised,

resulting in the issuance of an additional 435,000 Units, for additional gross proceeds of Cdn$4,350,000; 7. the net proceeds of the IPO were used by the Filer to, among other things, acquire a portfolio of 32 hotel

properties located in 19 U.S. states; 8. the Filer closed a public offering (the October 2013 Offering) on October 31, 2013, pursuant to a short form

prospectus dated October 24, 2013 (the October 2013 Prospectus) of 3,967,500 Subscription Receipts (as defined in the October 2013 Prospectus), inclusive of 517,500 Subscription Receipts issued pursuant to a partial exercise of the over-allotment option, for total gross proceeds of Cdn$40,300,000;

9. the net proceeds of the October 2013 Offering were used by the Filer to, among other things, acquire: (i) a

portfolio of four hotel properties located in metropolitan Pittsburgh, Pennsylvania; and (ii) a portfolio of four hotel properties located in Virginia;

10. the Filer closed a public offering (the June 2014 Offering) on June 4, 2014, pursuant to a short form

prospectus dated May 29, 2014 (the May 2014 Prospectus), of 4,900,000 Offered Units (as defined in the May 2014 Prospectus), inclusive of 552,000 Offered Units issued pursuant to a partial exercise of the over-allotment option, for total gross proceeds of Cdn$50,715,000;

11. the net proceeds of the June 2014 Offering were used by the Filer to, among other things, acquire: (i) a

portfolio of four hotel properties located in North Carolina and Georgia; and (ii) the Texas Portfolio; The Acquisition 12. on October 27, 2014 the Filer acquired the Texas Portfolio for a total gross purchase price of approximately

USD$31.4 million pursuant to a purchase and sale agreement entered into by a direct subsidiary of the Filer; 13. the acquisition of the Texas Portfolio constitutes a “significant acquisition” of the Filer for purposes of Part 8 of

NI 51-102, requiring the Filer to file a BAR within 75 days of the acquisition pursuant to section 8.2(1) of NI 51-102;

Significance Tests for the BAR 14. under Part 8 of NI 51-102, the Filer is required to file a BAR for any completed acquisition that is determined

to be significant based on the acquisition satisfying any of the three significance tests set out in section 8.3(2) of NI 51-102;

15. the acquisition of the Texas Portfolio is not a significant acquisition under the asset test in section 8.3(2) of NI

51-102 as the value of the Texas Portfolio represented only approximately 13.3% of the consolidated assets of the Filer as of December 31, 2013;


January 15, 2015

(2015), 38 OSCB 249

16. the acquisition of the Texas Portfolio is not a significant acquisition under the investment test in section 8.3(2) of NI 51-102 as the Filer’s acquisition costs represented only approximately 13.3% of the consolidated assets of the Filer as of December 31, 2013;

17. the acquisition of the Texas Portfolio would, however, be a significant acquisition under the profit or loss test in

section 8.3(2) of NI 51-102; in particular, the Filer’s proportionate share of the consolidated specified profit or loss of the Texas Portfolio exceeds 20% of the consolidated specified profit or loss of the Filer calculated using the audited annual financial statements of the Filer and unaudited annual financial information for the Texas Portfolio, in each case, for the year ended December 31, 2013;

18. the application of the profit or loss test produces an anomalous result for the Filer because it exaggerates the

significance of the Acquisition out of proportion to its significance on an objective basis in comparison to the results of the asset test and investment test;

De Minimis Acquisition 19. the Filer does not believe (nor did it at the time that it made the acquisition) that the acquisition of the Texas

Portfolio is significant to it from a commercial, business, practical or financial perspective; and 20. the Filer has provided the principal regulator with additional measures that demonstrate the non-significance

of the acquisition of the Texas Portfolio to the Filer, and the additional measures are generally consistent with the results of the asset test and the investment test.

Decision 4 Each of the Decision Makers is satisfied that the decision meets the test set out in the Legislation for the Decision

Maker to make the decision. The decision of the Decision Makers under the Legislation is that the Exemption Sought is granted.

“Peter J. Brady” Director, Corporate Finance British Columbia Securities Commission


January 15, 2015

(2015), 38 OSCB 250

2.2 Orders 2.2.1 Ground Wealth Inc. et al.



AND

IN THE MATTER OF GROUND WEALTH INC., MICHELLE DUNK,

ADRION SMITH, JOEL WEBSTER, DOUGLAS DEBOER, ARMADILLO ENERGY INC.,

ARMADILLO ENERGY, INC., and ARMADILLO ENERGY, LLC (aka ARMADILLO ENERGY LLC)

AND

IN THE MATTER OF

A SETTLEMENT AGREEMENT BETWEEN STAFF OF THE ONTARIO SECURITIES COMMISSION

and GROUND WEALTH INC., MICHELLE DUNK, DOUGLAS DEBOER and JOEL WEBSTER

ORDER

WHEREAS on February 1, 2013, the Commission issued a Notice of Hearing pursuant to section 127 of the Securities Act (the “Act”) in respect of Ground Wealth Inc. (“GWI”) , Michelle Dunk (“Dunk”), Adrion Smith (“Smith”), Joel Webster (“Webster”), Douglas DeBoer (“DeBoer”), Armadillo Energy Inc. (“Armadillo Texas”), Armadillo Energy, Inc. (“Armadillo Nevada”) and Armadillo Energy, LLC (“Armadillo Oklahoma”) (collectively, the “Respondents”); AND WHEREAS on October 31, 2013, Staff of the Commission filed an Amended Statement of Allegations; AND WHEREAS on October 31, 2013, Staff of the Commission filed an Amended Notice of Hearing; AND WHEREAS the GWI, Dunk and DeBoer (collectively, the “Settling Respondents”) entered into a Settlement Agreement dated January 5, 2015 (the “Settlement Agreement”), in relation to the matters set out in the Amended Statement of Allegations; AND WHEREAS the Commission issued a Notice of Hearing dated January 5, 2015, setting out that it proposed to consider the Settlement Agreement; UPON reviewing the Settlement Agreement, the Notice of Hearing and the Amended Statement of Allegations, and upon considering submissions from the Respondents through their counsel and from Staff of the Commission; AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order;

IT IS HEREBY ORDERED: 1. that the Settlement Agreement is hereby

approved; 2. that, pursuant to s. 127(1)2 and s. 127(1)2.1 of the

Act, trading and acquisition of any securities by GWI shall cease permanently;

3. that, pursuant to s. 127(1)2 and s. 127(1)2.1 of the

Act, trading and acquisition of any securities by Dunk shall cease for a period of 8 years from the date of the approval of the Settlement Agreement, except that, following full payment of the administrative penalty and costs orders made against her as a result of this Settlement Agreement, Dunk shall be permitted to trade and acquire securities through a registrant for personal purposes in her own account, provided that she is not engaging in or holding herself out as engaging in the business of trading in securities, and provided Dunk first notifies the registrant of these conditions by delivering to the registrant a copy of this order;


Act, trading and acquisition of any securities by DeBoer shall cease for a period of 5 years from the date of the approval of the Settlement Agreement, except that, following full payment of the administrative penalty and costs orders made against him as a result of this Settlement Agreement, DeBoer shall be permitted to trade and acquire securities through a registrant for personal purposes in his own account, provided that he is not engaging in or holding himself out as engaging in the business of trading in securities, and provided DeBoer first notifies the registrant of these conditions by delivering to the registrant a copy of this order;


Act, trading and acquisition of any securities by Webster shall cease for a period of 2.5 years from the date of the approval of the Settlement Agreement, except that, following full payment of the administrative penalty and costs orders made against him as a result of this Settlement Agreement, Webster shall be permitted to trade and acquire securities through a registrant for personal purposes in his own account, provided that he is not engaging in or holding himself out as engaging in the business of trading in securities, and provided Webster first notifies the registrant of these conditions by delivering to the registrant a copy of this order;

6. that, pursuant to s. 127(1)3 of the Act, any

exemptions contained in Ontario securities law do not apply to GWI permanently;

7. that, pursuant to s. 127(1)6 of the Act, the GWI,

Dunk, DeBoer and Webster are reprimanded;


January 15, 2015

(2015), 38 OSCB 251

8. that, pursuant to s. 127(1)8.5 of the Act, GWI is prohibited permanently from becoming or acting as a registrant, an investment fund manager or a promoter;

9. that, pursuant to s. 127(1)8.5 of the Act, Dunk is

prohibited for a period of 8 years from becoming or acting as a registrant, an investment fund manager or a promoter;

10. that, pursuant to s. 127(1)8.5 of the Act, DeBoer is

prohibited for a period of 5 years from becoming or acting as a registrant, an investment fund manager or a promoter;

11. that, pursuant to s. 127(1)8.5 of the Act, Webster

is prohibited for a period of 2.5 years from becoming or acting as a registrant, an investment fund manager or a promoter;

12. that, pursuant to s. 127(1)8 Dunk is prohibited for

a period of 8 years from becoming or acting as a director or officer of any issuer;

13. that, pursuant to s. 127(1)8 DeBoer is prohibited

for a period of 5 years from becoming or acting as a director or officer of any issuer;

14. that, pursuant to s. 127(1)8.2, 127(1)8.3 and

127(1)8.4 of the Act, Dunk is prohibited for a period of 8 years from becoming or acting as an officer or director of a registrant or investment fund manager;


127(1)8.4 of the Act, DeBoer is prohibited for a period of 5 years from becoming or acting as an officer or director of a registrant or investment fund manager;


127(1)8.4 of the Act, Webster is prohibited for a period of 2.5 years from becoming or acting as an officer or director of a registrant or investment fund manager;

17. that, pursuant to s. 127(1)9 of the Act, Dunk shall

pay an administrative penalty of $50,000 for her breaches of Ontario securities law in this matter, to be allocated under section 3.4(2)(b) to or for the benefit of third parties, or for use by the Commission for the purpose of educating investors or promoting or otherwise enhancing knowledge and information of persons regarding the operation of the securities and financial markets;

18. that, pursuant to s. 127(1)9 of the Act, DeBoer

shall pay an administrative penalty of $50,000 for his breaches of Ontario securities law in this matter, to be allocated under section 3.4(2)(b) to or for the benefit of third parties, or for use by the Commission for the purpose of educating

investors or promoting or otherwise enhancing knowledge and information of persons regarding the operation of the securities and financial markets;

19. that, pursuant to s. 127(1)9 of the Act, Webster

shall pay an administrative penalty of $3,500 for his breaches of Ontario securities law in this matter, to be allocated under section 3.4(2)(b) to or for the benefit of third parties, or for use by the Commission for the purpose of educating investors or promoting or otherwise enhancing knowledge and information of persons regarding the operation of the securities and financial markets;

20. that, pursuant to s. 127(1)10 of the Act, GWI shall

disgorge to the Commission the amount of $1,300,000, obtained as a result of its breaches of Ontario securities law in this matter;

21. that, pursuant to s. 127.1(1) of the Act, Dunk shall

pay $7,500 as investigation costs in this matter; and,

22. that, pursuant to s. 127.1(1) of the Act, DeBoer

shall pay $7,500 as investigation costs in this matter.

DATED at Toronto this 6th day of January, 2015. “Mary G. Condon”


January 15, 2015

(2015), 38 OSCB 252




AND

IN THE MATTER OF GROUND WEALTH INC., MICHELLE DUNK, ADRION SMITH, JOEL WEBSTER, DOUGLAS DeBOER, ARMADILLO ENERGY INC., ARMADILLO ENERGY, INC.,


ORDER WHEREAS the Ontario Securities Commission (the “Commission”) issued a temporary order on July 27, 2011 (the “Temporary Order”) pursuant to subsections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) that:

1. Pursuant to paragraph 2 of subsection 127(1) of the Act, all trading in the securities of Armadillo Energy Inc. (“the Armadillo Securities”)”shall cease;

2. Pursuant to paragraph 2 of subsection 127(1) of the Act, Armadillo Energy Inc. (“Armadillo Texas”), Ground

Wealth Inc. (“GWI”), Paul Schuett (“Schuett”), Doug DeBoer (“DeBoer”), James Linde (“Linde”), Susan Lawson (“Lawson”), Michelle Dunk (“Dunk”), Adrion Smith (“Smith”), Bianca Soto (“Soto”) and Terry Reichert (“Reichert”) (collectively, the “Respondents to the Temporary Order”) shall cease trading in all securities; and

3. Pursuant to subsection 127(6) of the Act, the Temporary Order shall take effect immediately and shall expire

on the fifteenth day after its making unless extended by order of the Commission; AND WHEREAS on August 11, 2011, the Commission held a hearing to consider whether it was in the public interest to extend the Temporary Order, and heard submissions from Staff of the Commission (“Staff”) and counsel to the Respondents to the Temporary Order; AND WHEREAS on August 11, 2011, the Commission extended the Temporary Order to February 13, 2012 (the “Amended Temporary Order”) on the same terms and conditions as provided for in the Temporary Order; provided that the Temporary Order shall not prevent a Respondent from trading for the Respondent’s own account, solely through a registered dealer or a registered dealer in a foreign jurisdiction (which dealer must be given a copy of the Amended Temporary Order), in (a) any “exchange traded security” or “foreign exchange traded security” within the meaning of National Instrument 21-101, provided the Respondent does not own beneficially or exercise control or direction over more than 5 per cent of the voting or equity securities of the issuer of any such securities, or (b) any security issued by a mutual fund that is a reporting issuer; and provided the Respondent provides Staff with the particulars of the accounts in which such trading is to occur before any trading in such accounts occurs; AND WHEREAS on February 8, 2012, the Commission held a hearing to consider whether it was in the public interest to extend the Amended Temporary Order pursuant to subsections 127(7) and 127(8) of the Act, and heard submissions from Staff and from counsel to the Respondents to the Temporary Order; AND WHEREAS on February 8, 2012, the Commission extended the Amended Temporary Order to August 8, 2012 (the “February 2012 Temporary Order”) on the following terms:

1. Pursuant to paragraph 2 of subsection 127(1) of the Act, all trading in the Armadillo Securities shall cease; 2. Pursuant to paragraph 2 of subsection 127(1) of the Act, the Respondents to the Temporary Order shall cease

trading in Armadillo Securities and/or in securities of a nature similar to Armadillo Securities, which are securities evidencing an interest in the production of barrels of oil still in the ground; and

3. This Order shall not prevent Staff from applying to the Commission for a variation of this Order if Staff

considers that doing so was in the public interest; AND WHEREAS on August 2, 2012, the Commission held a hearing to consider whether it was in the public interest to extend the February 2012 Temporary Order pursuant to subsections 127(7) and 127(8) of the Act, and heard submissions from Staff and from counsel to the Respondents to the Temporary Order;


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(2015), 38 OSCB 253

AND WHEREAS on August 2, 2012, the Commission extended the February 2012 Temporary Order until February 4, 2013, and ordered that the matter return before the Commission on February 1, 2013; AND WHEREAS on February 1, 2013, the Commission held a hearing to consider whether it was in the public interest to further extend the February 2012 Temporary Order pursuant to subsections 127(7) and 127(8) of the Act; AND WHEREAS on February 1, 2013, Staff appeared, made submissions and requested that the February 2012 Temporary Order be extended against GWI, Armadillo Texas, DeBoer, Dunk and Smith only; AND WHEREAS on February 1, 2013 Staff advised that they would be initiating proceedings in this matter under section 127 of the Act shortly and would not be naming Schuett, Linde, Lawson, Soto or Reichert as respondents; AND WHEREAS on February 1, 2013, counsel to the Respondents to the Temporary Order did not appear, but email correspondence setting out his position and advising that he did not oppose the extension of the February 2012 Temporary Order to March 6, 2013 was filed by Staff; AND WHEREAS on February 1, 2013, the Commission extended the February 2012 Temporary Order to March 6, 2013, as against the respondents GWI, Armadillo Texas, DeBoer, Dunk and Smith and ordered that a further hearing be held before the Commission on March 5, 2013 (the “February 2013 Temporary Order”); AND WHEREAS on February 1, 2013, the Commission issued a Notice of Hearing (the “Notice of Hearing”) pursuant to sections 127 and 127.1 of the Act, in relation to a Statement of Allegations filed by Staff on February 1, 2013 (the “Statement of Allegations”) naming as respondents GWI, Armadillo Texas, DeBoer, Dunk and Smith, as well as Joel Webster (“Webster”), Armadillo Energy, Inc., a Nevada company (“Armadillo Nevada”) and Armadillo Energy LLC, an Oklahoma company (“Armadillo Oklahoma”) (collectively, the “Respondents”); AND WHEREAS on March 5, 2013, a hearing was held to consider whether it was in the public interest to further extend the February 2013 Temporary Order pursuant to subsections 127(7) and 127(8) of the Act, and a concurrent hearing was held in relation to the Notice of Hearing; AND WHEREAS on March 5, 2013, Staff appeared, made submissions and advised that Smith, GWI, Dunk and Armadillo Nevada had been successfully served with the Notice of Hearing and the Statement of Allegations, but that Staff required additional time to serve the Notice of Hearing and the Statement of Allegations on Webster, DeBoer, Armadillo Texas and Armadillo Oklahoma; AND WHEREAS on March 5, 2013, counsel to GWI and Dunk appeared, made submissions and did not oppose the extension of the February 2013 Temporary Order; Smith appeared personally but made no submissions; and Webster, DeBoer, Armadillo Texas, Armadillo Nevada and Armadillo Oklahoma did not appear; AND WHEREAS on March 5, 2013, the Commission continued the February 2013 Temporary Order to April 9, 2013, as against the respondents GWI, Armadillo Texas, DeBoer, Dunk and Smith, and adjourned the proceeding in relation to the February 2013 Temporary Order to April 8, 2013; AND WHEREAS on April 8, 2013, a hearing was held to consider whether it was in the public interest to further extend the February 2013 Temporary Order pursuant to subsections 127(7) and 127(8) of the Act, and a concurrent hearing was held in relation to the Notice of Hearing; AND WHEREAS on April 8, 2013, Staff appeared, made submissions and filed the Affidavit of Stephen Carpenter, sworn March 27, 2013; AND WHEREAS Staff also filed materials confirming that (a) GWI, Dunk, Smith, Webster, DeBoer, Armadillo Texas and Armadillo Nevada were served with the Notice of Hearing and the Statement of Allegations, and that Armadillo Oklahoma was an inactive company, and (b) disclosure was being prepared and that Staff estimated that eight weeks would be required to complete production of the electronic disclosure briefs; AND WHEREAS on April 8, 2013, counsel to GWI, Dunk and DeBoer appeared, made submissions and did not oppose the further extension of the February 2013 Temporary Order without prejudice, and also advised that he had been in contact with Smith and that Smith also did not oppose the further extension of the February 2013 Temporary Order; AND WHEREAS counsel to GWI, Dunk and DeBoer also advised that his clients did not oppose an eight week adjournment of the proceeding in relation to the Notice of Hearing without prejudice, and that Smith also did not oppose the requested adjournment;


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(2015), 38 OSCB 254

AND WHEREAS on April 8, 2013, Smith, Webster, Armadillo Texas, Armadillo Nevada and Armadillo Oklahoma did not appear; AND WHEREAS on April 8, 2013, Schuett, Linde, Lawson, Soto and Reichert were no longer respondents to the February 2013 Temporary Order and were not respondents to the proceeding initiated by the Notice of Hearing; AND WHEREAS on April 8, 2013, the remaining respondents to the February 2013 Temporary Order, being GWI, Armadillo Texas, DeBoer, Dunk and Smith, were all respondents to the proceeding initiated by the Notice of Hearing; AND WHEREAS on April 8, 2013, the Commission ordered that:

1. The February 2013 Temporary Order be extended to June 7, 2013, or until further order of the Commission, as against the respondents GWI, Armadillo Texas, DeBoer, Dunk and Smith;

2. A further hearing in relation to the February 2013 Temporary Order be held on June 6, 2013; 3. The hearing in relation to the Notice of Hearing be adjourned to June 6, 2013; and 4. Any further notices or orders in this matter would proceed under a single style of cause of the proceeding

initiated by the February 1, 2013 Notice of Hearing, being “IN THE MATTER OF GROUND WEALTH INC., MICHELLE DUNK, ADRION SMITH, JOEL WEBSTER, DOUGLAS DeBOER, ARMADILLO ENERGY INC., ARMADILLO ENERGY, INC. and ARMADILLO ENERGY LLC.”;

AND WHEREAS on June 6, 2013, a hearing was held to consider whether it was in the public interest to further extend the February 2013 Temporary Order pursuant to subsections 127(7) and 127(8) of the Act, and a concurrent hearing was held in relation to the Notice of Hearing; AND WHEREAS Staff appeared, made submissions and filed the Affidavit of Stephen Carpenter, sworn May 22, 2013, and advised that disclosure was prepared and available for delivery to all the Respondents, upon their signing of an undertaking in such terms suitable to protect the personal and private information contained in the disclosure brief; AND WHEREAS at the hearings, Staff provided counsel to GWI, Dunk and DeBoer with three copies of the electronic disclosure brief; AND WHEREAS counsel to GWI, Dunk and DeBoer made submissions and did not oppose the further extension of the February 2013 Temporary Order without prejudice; AND WHEREAS Smith, Webster, Armadillo Texas, Armadillo Nevada and Armadillo Oklahoma did not appear; AND WHEREAS the Commission advised the parties that it expected to set the dates for a hearing on the merits at the next appearance on this matter; AND WHEREAS on June 6, 2013, the Commission ordered that:

1. The hearing in relation to the Notice of Hearing be adjourned to a pre-hearing conference to be held on August 20, 2013 at 10:00 a.m.;

2. The hearing in relation to the February 2013 Temporary Order be adjourned to August 20, 2013 at 10:30 a.m.;

and 3. The February 2013 Temporary Order against the Respondents be extended to August 22, 2013;

AND WHEREAS on August 20, 2013, a confidential pre-hearing conference was held, followed by a public hearing to consider whether it was in the public interest to further extend the February 2013 Temporary Order pursuant to subsections 127(7) and 127(8) of the Act; AND WHEREAS Staff appeared and made submissions and counsel to GWI, Dunk and DeBoer appeared, made submissions and did not oppose the further extension of the February 2013 Temporary Order without prejudice; AND WHEREAS Smith, Webster, Armadillo Texas, Armadillo Nevada and Armadillo Oklahoma did not appear, although properly served with notice of the hearings;


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(2015), 38 OSCB 255

AND WHEREAS after hearing the submissions of Staff and counsel to GWI, Dunk and DeBoer, the Commission deferred setting the dates for a hearing on the merits and advised the parties that it expected to set such dates at the next appearance on this matter; AND WHEREAS on August 20, 2013 the Commission ordered that:

1. The pre-hearing conference be adjourned and would continue on October 1, 2013 at 10:00 a.m.; 2. The hearing in relation to the extension of the February 2013 Temporary Order be adjourned and would

continue on October 1, 2013, at 10:30 a.m.; and 3. The February 2013 Temporary Order be extended to October 3, 2013, as against the respondents GWI,

Armadillo Texas, DeBoer, Dunk and Smith; AND WHEREAS on September 20, 2013, the Registrar of the Commission received a written request on behalf of counsel to GWI, Dunk and DeBoer, requesting an adjournment of the next appearances on this matter (the “Adjournment Request”); AND WHEREAS Staff and counsel to GWI, Dunk and DeBoer agreed that the next pre-hearing conference be rescheduled to October 11, 2013 and the February 2013 Temporary Order be extended to October 16, 2013; AND WHEREAS Armadillo Texas, Armadillo Nevada and Smith were provided with an opportunity to object to the Adjournment Request and did not do so; AND WHEREAS Staff submitted that Armadillo Oklahoma and Webster could not be served; AND WHEREAS on September 30, 2013, the Commission ordered that:

1. The pre-hearing conference scheduled for October 1, 2013 at 10:00 a.m. be adjourned and would continue on October 11, 2013 at 10:00 a.m.;

2. The hearing in relation to the extension of the February 2013 Temporary Order scheduled for October 1, 2013

at 10:30 a.m. be adjourned and would continue on October 11, 2013 at 10:30 a.m.; and 3. The February 2013 Temporary Order be extended to October 16, 2013, as against the respondents GWI,

Armadillo Texas, DeBoer, Dunk and Smith; AND WHEREAS on October 11, 2013, a confidential pre-hearing conference was held, followed by a public hearing to consider whether it was in the public interest to further extend the February 2013 Temporary Order pursuant to subsections 127(7) and 127(8) of the Act; AND WHEREAS Staff appeared and made submissions and counsel to GWI, Dunk and DeBoer appeared, made submissions and did not oppose the further extension of the February 2013 Temporary Order without prejudice; AND WHEREAS Smith, Webster, Armadillo Texas, Armadillo Nevada and Armadillo Oklahoma did not appear, although properly served with notice of the hearings; AND WHEREAS after hearing the submissions of Staff and counsel to GWI, Dunk and DeBoer, the Commission deferred setting the dates for a hearing on the merits and advised the parties that it expects to set such dates at the next appearance on this matter; AND WHEREAS on October 11, 2013, the Commission ordered that:

1. The pre-hearing conference be adjourned and would continue on November 5, 2013, at 2:30 p.m.; 2. The hearing in relation to the extension of the February 2013 Temporary Order be adjourned and would

continue on November 5, 2013, at 3:00 p.m.; and 3. The February 2013 Temporary Order be extended to November 8, 2013, as against the respondents GWI,

Armadillo Texas, DeBoer, Dunk and Smith;


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(2015), 38 OSCB 256

AND WHEREAS on October 31, 2013, the Commission issued an Amended Notice of Hearing and Staff filed an Amended Statement of Allegations, which amended the title of this proceeding by replacing the name “Armadillo Energy LLC” with “Armadillo Energy, LLC (aka Armadillo Energy LLC)” (collectively, “Armadillo Oklahoma”, as defined above); AND WHEREAS on November 5, 2013, a confidential pre-hearing conference was held, followed by a public hearing to consider whether it was in the public interest to further extend the February 2013 Temporary Order pursuant to subsections 127(7) and 127(8) of the Act; AND WHEREAS Staff appeared and made submissions and counsel to GWI, Dunk and DeBoer appeared, made submissions and did not oppose the further extension of the February 2013 Temporary Order without prejudice; AND WHEREAS Smith, Webster, Armadillo Texas, Armadillo Nevada and Armadillo Oklahoma did not appear, although properly served with notice of the hearings; AND WHEREAS on November 5, 2013, the Commission ordered that:

1. The pre-hearing conference was adjourned to continue on January 15, 2014 at 10:00 a.m.; 2. A motion requested by Staff would be heard at a confidential hearing on February 6, 2014 at 10:00 a.m.

(“Staff’s Motion”); 3. The hearing on the merits would commence on April 14, 2014 at 10:00 a.m. and continue until May 7, 2014,

save and except for April 16, 17, 18 and 22 and May 6, 2014 (the “Merits Hearing”); and 4. The February 2013 Temporary Order was extended as against the respondents GWI, Armadillo Texas,

DeBoer, Dunk and Smith, to two days following the conclusion of this proceeding, including the issuance of the Commission’s decision on sanctions and costs should a sanctions hearing be required following the conclusion of the Merits Hearing in this matter;

AND WHEREAS on January 15, 2014, the Commission held a confidential pre-hearing conference, and Staff and counsel to GWI, Dunk and DeBoer appeared and made submissions; AND WHEREAS Smith, Webster, Armadillo Texas, Armadillo Nevada and Armadillo Oklahoma did not appear, although properly served with notice of the hearing; AND WHEREAS Staff undertook to make its best efforts to serve on each party and file its motion materials, in connection with Staff’s Motion, by January 22, 2014; AND WHEREAS on January 15, 2014, the Commission ordered that the pre-hearing conference be adjourned and would continue on March 24, 2014 at 10:00 a.m.; AND WHEREAS on January 21, 2014, at the request of Staff and counsel to GWI, Dunk and DeBoer, the Commission held a confidential pre-hearing conference; AND WHEREAS Staff and counsel to GWI, Dunk and DeBoer appeared and made submissions, and Smith, Webster, Armadillo Texas, Armadillo Nevada and Armadillo Oklahoma did not appear; AND WHEREAS Staff requested that the scheduled date for Staff’s Motion on February 6, 2014 be re-scheduled and counsel to GWI, Dunk and DeBoer consented; AND WHEREAS, on January 21, 2014, the Commission ordered that the scheduled date for Staff’s Motion on February 6, 2014 be vacated and the hearing for Staff’s Motion would be held on March 4, 2014 at 10:00 a.m. AND WHEREAS Staff’s Motion did not proceed on March 4, 2014; AND WHEREAS on March 20, 2014, Staff applied to convert the Merits Hearing from an oral hearing to a written hearing, pursuant to Rule 11 of the Commission’s Rules of Procedure (2012), 35 O.S.C.B. 10071 (the “Rules of Procedure”); AND WHEREAS on March 24, 2014, the Commission held a further confidential pre-hearing conference, and Staff and counsel to GWI, Dunk, DeBoer and Webster appeared and made submissions; AND WHEREAS Smith, Armadillo Texas, Armadillo Nevada and Armadillo Oklahoma did not appear, although properly served with notice of the hearing;


January 15, 2015

(2015), 38 OSCB 257

AND WHEREAS on March 24, 2014, the Commission ordered that the pre-hearing conference be adjourned and would continue on March 28, 2014 at 9:45 a.m.; AND WHEREAS on March 28, 2014, the Commission held a further confidential pre-hearing conference, and Staff and counsel to GWI, Dunk, DeBoer and Webster appeared and made submissions; AND WHEREAS Smith, Armadillo Texas, Armadillo Nevada and Armadillo Oklahoma did not appear, although properly served with notice of the hearing; AND WHEREAS on April 7, 2014, the Commission ordered that:

1. the Merits Hearing was converted to a hearing in writing, pursuant to Rule 11 of the Rules of Procedure and would proceed on the following schedule: a. Staff shall serve and file evidence briefs by May 2, 2014 at 4:00 p.m.; b. counsel to GWI, Dunk, DeBoer and Webster shall advise Staff by May 23, 2014 if he intends to

examine any of his former clients in this matter; c. the Respondents shall serve and file evidence briefs by June 13, 2014 at 4:00 p.m.; d. Staff shall serve and file any evidence brief in reply by June 25, 2014 at 4:00 p.m.; e. Staff shall serve and file its written submissions by July 11, 2014 at 4:00 p.m.; f. the Respondents shall serve and file their written submissions by August 1, 2014 at 4:00 p.m.; and g. Staff shall serve and file any written submissions in reply by August 11, 2014 at 4:00 p.m.;

2. the Respondents shall have 10 days from the date of the Order to serve any notice of objection under Rule 11.7 of the Rules of Procedure; and

3. the dates scheduled for the oral Merits Hearing, being April 14, 15, 21, 23-25, 28-30 and May 1-2, 5 and 7,

2014, were vacated; AND WHEREAS on April 28, 2014, Staff delivered correspondence to the Commission (the “April 2014 Letter”) advising that on April 25, 2014, Staff received a substantial new volume of evidence that it was unable to review and analyze prior to the deadline of May 2, 2014 for the service and filing of Staff’s evidence briefs; AND WHEREAS Staff requested that the schedule set out in the Commission’s Order dated April 7, 2014 for the Merits Hearing be amended to move each deadline to two weeks into the future; AND WHEREAS Staff advised the Commission that counsel to GWI, Dunk, DeBoer and Webster stated that he had no objection to Staff’s requested amendment to the schedule; AND WHEREAS Staff advised the Commission that the April 2014 Letter was delivered to Armadillo Texas, Armadillo Nevada and Smith, and Staff did not receive a response from these respondents; AND WHEREAS Staff submitted that Armadillo Oklahoma could not be served with the April 2014 Letter; AND WHEREAS on April 30, 2014, the Commission ordered that:

1. the Merits Hearing shall proceed on the following schedule (the “April 30 Schedule”):

Staff shall serve and file evidence briefs by May 16, 2014 at 4:00 p.m.; a. counsel to GWI, Dunk, DeBoer and Webster shall advise Staff by June 6, 2014 if he intends to

examine any of his former clients in this matter; b. the Respondents shall serve and file evidence briefs by June 27, 2014 at 4:00 p.m.; c. Staff shall serve and file any evidence brief in reply by July 9, 2014 at 4:00 p.m.;


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(2015), 38 OSCB 258

d. Staff shall serve and file its written submissions by July 25, 2014 at 4:00 p.m.; e. the Respondents shall serve and file their written submissions by August 15, 2014 at 4:00 p.m.; and f. Staff shall serve and file any written submissions in reply by August 25, 2014 at 4:00 p.m.;

AND WHEREAS on May 16, 2014, Staff filed the Affidavit of Stephen Carpenter sworn May 14, 2014, together with an index and six volumes of documents (collectively, the “Carpenter Affidavit”), and the Affidavit of Service of Tia Faerber sworn May 16, 2014; AND WHEREAS on June 2, 2014, the Commission ordered that all further service of notice or proceeding documents in this matter on Armadillo Oklahoma be waived; AND WHEREAS on June 26, 2014, counsel for Dunk, DeBoer, GWI and Webster filed the affidavits sworn June 25, 2014 by Dunk and DeBoer (respectively, the “Dunk Affidavit” and the “DeBoer Affidavit”); AND WHEREAS no other Respondent has filed any evidence on the written hearing; AND WHEREAS Staff wrote to the Panel on July 3, 2014, and advised that both Staff and counsel for Dunk, DeBoer, GWI and Webster were of the view that the written materials filed by the parties raise evidentiary issues that cannot be addressed on the basis of the written record and may require scheduling viva voce evidence, and requested that the April 30 Schedule be suspended pending discussion of these issues; AND WHEREAS on July 8, 2014, the Commission ordered that the parties shall appear for a status update hearing on July 16, 2014 at 2:00 p.m., and that the April 30 Schedule is suspended pending the status update on July 16, 2014; AND WHEREAS on July 16, 2014, after hearing the submissions of Staff and counsel for Dunk, DeBoer, GWI and Webster, the Commission deferred scheduling viva voce evidence until such time as the Panel was available and advised the parties that it would provide dates in the near future; AND WHEREAS the Office of the Secretary corresponded with Staff and counsel for Dunk, DeBoer, GWI and Webster about the dates that the Panel was available to hear viva voce evidence; AND WHEREAS Armadillo Texas, Armadillo Nevada and Smith were provided with an opportunity to object to the proposed dates of the Panel in January and February, 2015 for viva voce evidence, and did not do so; AND WHEREAS on August 8, 2014, the Commission ordered that viva voce evidence shall take place over 10 days commencing on January 26, 2015 and continuing on January 28 to 30, February 2 to 6 and February 9, 2015; AND WHEREAS on January 5, 2015, the Commission issued a Notice of Hearing indicating that a hearing would be held to consider whether it was in the public interest to approve a Settlement Agreement between Staff and GWI, Dunk, DeBoer and Webster (the “Settling Respondents” and the “January 2015 Settlement Agreement”, respectively); AND WHEREAS on January 6, 2015, a hearing was held and the January 2015 Settlement Agreement was approved; AND WHEREAS Staff wrote to the Commission on January 6, 2015, advising that in light of the January 2015 Settlement, the issues raised by the materials filed by the Settling Respondents were no longer relevant and the oral hearing dates were no longer required; AND WHEREAS the Commission noted that Smith, Armadillo Texas, Armadillo Nevada and Armadillo Oklahoma (the “Non-Settling Respondents”) filed no evidence in accordance with the April 30 Schedule and have not participated in the written hearing in any manner; AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order; IT IS HEREBY ORDERED THAT:

1. The oral hearing dates scheduled to commence on January 26, 2015, are hereby vacated and the hearing in writing shall continue on the following schedule: a. The Non-Settling Respondents and Staff shall file any further or supplementary evidence briefs by

January 26, 2015, at 4:00 pm;


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(2015), 38 OSCB 259

b. Staff shall serve and file its written submissions by February 20, 2015, at 4:00 p.m.; c. the Non-Settling Respondents shall serve and file their written submissions by March 20, 2015, at

4:00 p.m.; and d. Staff shall serve and file any written submissions in reply by April 3, 2015, at 4:00 p.m.

DATED at Toronto this 7th day of January, 2015. “Christopher Portner”


January 15, 2015

(2015), 38 OSCB 260




AND


ORDER

WHEREAS on January 8, 2015, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to section 127 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) in relation to the Statement of Allegations filed by Staff of the Commission (“Staff”) on January 6, 2015 with respect to Heritage Education Funds Inc. (“HEFI”); AND WHEREAS HEFI entered into a Settlement Agreement with Staff dated January 6, 2015 (the “Settlement Agreement”) in relation to the matters set out in the Statement of Allegations; AND WHEREAS the Settlement Agreement sets out that on August 13, 2012, the Commission issued a temporary section 127 order with HEFI’s consent, which imposed terms and conditions (“Terms and Conditions”) on HEFI’s registration; AND WHEREAS the Settlement Agreement acknowledges HEFI’s co-operation with Staff and sets out the costs incurred by HEFI in retaining an independent consultant (the “Consultant”) to prepare and assist HEFI in implementing a plan to strengthen HEFI’s “compliance system” within the meaning of section 11.1 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations; AND WHEREAS the Settlement Agreement sets out that a manager in the Compliance and Registrant Regulation Branch of the Commission (the “OSC Manager”) approved the Consultant’s plan dated October 12, 2012 (the “Consultant’s Plan”) and the addendums to the Consultant’s plan dated December 17, 2012, January 22, 2013, and October 1, 2013 (the “Addendums”) and that the OSC Manager reviewed the progress reports detailing HEFI’s progress with respect to the implementation of the Consultant’s Plan and the Addendums as revised by various progress reports; AND WHEREAS the Settlement Agreement sets out that the Consultant confirmed by letter dated April 21, 2014 that HEFI has implemented the procedures and controls recommended by the Consultant to address each of the deficiencies identified in the compliance review report dated June 14, 2012 and to strengthen HEFI’s compliance system and that the Consultant has tested the implementation of the recommendations in the Amended Consultant’s Plan and it is working effectively;

AND WHEREAS the Commission issued a Notice of Hearing dated January 8, 2015, setting out that it proposed to consider the Settlement Agreement; AND UPON reviewing the Settlement Agreement, the Notice of Hearing, the Statement of Allegations and upon considering submissions from HEFI’s counsel and from Staff of the Commission; 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) this Settlement Agreement is approved; (b) pursuant to clause 4 of subsection 127(1)

of the Act, no later than March 12, 2016, HEFI will provide the OSC Manager as defined in the Terms and Conditions with a report by the Consultant, based on a work plan to be agreed upon jointly by HEFI, the Consultant and the OSC Manager by no later than February 23, 2015, which reports on whether the revised policies and procedures and internal controls set out in the Consul-tant’s Plan and the Addendums as well as any subsequent revisions thereto are: (i) being followed by HEFI; (ii) working appropriately; and (iii) being adequately administered and enforced by HEFI, such report to include a description of the Consultant’s testing to support its con-clusions for the 12 month period ending January 12, 2016; and

(c) pursuant to clause 6 of subsection 127(1)

of the Act, HEFI is reprimanded by the Commission.

DATED at Toronto, Ontario this 12th day of January, 2015 “Christopher Portner”


January 15, 2015

(2015), 38 OSCB 261

2.2.4 A25 Gold Producers Corp. et al.



AND

IN THE MATTER OF A25 GOLD PRODUCERS CORP., DAVID AMAR,

JAMES STUART ADAMS and AVI AMAR

ORDER WHEREAS on December 19, 2013, 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 December 18, 2013 with respect to A25 Gold Producers Corp., David Amar, James Stuart Adams, and Avi Amar (collectively, the “Respondents”); AND WHEREAS the Notice of Hearing set a hearing in this matter for January 16, 2014; AND WHEREAS on January 16, 2014, Staff and counsel for the Respondents appeared before the Commission; AND WHEREAS on January 16, 2014, the Commission ordered that a pre-hearing conference take place on February 28, 2014 at 9:00 a.m.; AND WHEREAS on February 28, 2014, Staff and counsel to the Respondents appeared and made submissions before the Commission; AND WHEREAS on February 28, 2014, the Commission ordered:

(a) a pre-hearing conference shall take place on April 1, 2014 at 9:00 a.m.; and


shall commence on October 20, 2014 at 10:00 a.m. and shall continue on October 22, 23, and 24, 2014.

AND WHEREAS on April 1, 2014, Staff and counsel to the Respondents appeared and made submissions before the Commission; AND WHEREAS on April 1, 2014, the Commission ordered:

(a) the hearing dates of October 20, 22, 23, and 24, 2014 be vacated;

(b) Staff shall provide Staff’s hearing brief,

will-say statements and witness list to the Respondents by July 11, 2014;

(c) The Respondents shall provide their hearing briefs, will-say statements and witness lists to Staff by September 11, 2014

(d) a pre-hearing conference shall take place

on October 20, 2014 at 10:00 a.m.; and (e) t he hearing on the merits in this matter

shall commence on November 17, 2014 at 10:00 a.m. and shall continue on November 19, 20, 21, 24, 25, 26, 27, and 28, 2014.

AND WHEREAS on September 24, 2014, Staff and the agent for counsel to the Respondents appeared for a pre-hearing conference before the Commission and the agent for counsel to the Respondents brought a motion to adjourn the hearing; AND WHEREAS on September 24, 2014, the Commission ordered:

(a) the pre-hearing conference date of October 20, 2014 be vacated;

(b) the hearing dates of November 17, 19,

20, 21, 24, 25, 26, 27, and 28, 2014 be vacated;

(c) The Respondents shall provide their

hearing briefs, will-say statements and witness lists to Staff by November 14, 2014; and

(d) the hearing on the merits in this matter

shall commence on January 19, 2015 at 10:00 a.m. and shall continue on January 20, 21, 22, 23, 26, 28, 29 and 30, 2015.

AND WHEREAS on November 27, 2014, Staff and the agent for counsel to the Respondents appeared for a pre-hearing conference before the Commission and the agent for counsel to the Respondents brought a motion to adjourn the hearing; AND WHEREAS on November 27, 2014, the Commission ordered:

(a) the hearing dates of January 19, 20, 21, 22, 23, 26, 28, 29 and 30, 2015 be vacated;

(b) The Respondents shall provide their

hearing briefs, will-say statements and witness lists to Staff by January 15, 2015; and

(c) the hearing on the merits in this matter

shall commence on February 25, 2015 at 10:00 a.m., on a peremptory basis with respect to the Respondents, and shall


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(2015), 38 OSCB 262

continue on February 26, 27, March 5, 6, 9, 10, 11, 12, and 13, 2015.

AND WHEREAS on January 12, 2015, Staff and Respondents’ counsel appeared for a pre-hearing conference via teleconference before the Commission; AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order; IT IS ORDERED that:

(a) the hearing dates of February 25 and 26, 2015 are vacated; and


shall commence at 9:30 a.m. on February 27, 2015.

DATED at Toronto this 12th day of January, 2015. “Alan Lenczner”


January 15, 2015

(2015), 38 OSCB 263

2.2.5 Hollinger Inc. et al. Note: This order was inadvertently not published in the Bulletin at the time of issuance by the Commission in March 2006 and has been published at a later date to correct this oversight.



AND

IN THE MATTER OF HOLLINGER INC., CONRAD M. BLACK, F. DAVID RADLER,

JOHN A. BOULTBEE, AND PETER Y. ATKINSON

ORDER WHEREAS on March 18, 2005, 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”) accompanied by a Statement of Allegations issued by Staff of the Commission (“Staff”) with respect to Hollinger Inc. (“Hollinger”), Conrad M. Black (“Black”), F. David Radler (“Radler”), John A. Boultbee (“Boultbee”) and Peter Y. Atkinson (“Atkinson”) (collectively, the “Respondents”); AND WHEREAS the matter was set down for a hearing to commence on Wednesday, May 18, 2005; AND WHEREAS the Commission granted a request for adjournment of this proceeding on consent of Staff and counsel for the Respondents from Wednesday, May 18, 2005 to Monday, June 27, 2005 in its Order dated May 10, 2005; AND WHEREAS on June 27, 2005, the Commission granted a further request for adjournment of this proceeding on consent of Staff and counsel for the Respondents from Monday, June 27, 2005 to Tuesday, October 11, 2005 in its Order dated June 27, 2005; AND WHEREAS the Commission held a contested hearing on October 11 and November 16, 2005, to determine the appropriate date for a hearing on the merits of the above matter; AND WHEREAS on January 24, 2006, the Commission issued its Reasons and Order setting down the matter for a hearing on the merits commencing June 2007, subject to each of the individual respondents agreeing to execute an Undertaking to the Commission to abide by interim terms of a protective nature within 30 days of that Decision; AND WHEREAS since the Reasons and Order dated January 24, 2006, all the individual respondents have provided Undertakings in a form satisfactory to the Commission which are attached to this Order; IT IS ORDERED THAT:

1. This matter is set down peremptorily for a hearing on the merits commencing on Friday, June 1, 2007 at 9:30 a.m., or as soon thereafter as may be fixed by the Secretary to the Commission and agreed to by the parties, for as many consecutive days as possible thereafter to conclude the hearing, including final arguments; and

2. A pre-hearing conference shall take place no later than September 1, 2006, or as soon thereafter on a date

fixed by the Secretary to the Commission and agreed to by the parties, to set down a schedule for the hearing on the merits.

DATED at Toronto this 30th day of March, 2006. “Susan Wolburgh Jenah” “M. Theresa McLeod” Susan Wolburgh Jenah M. Theresa McLeod “Robert W. Davis” Robert W. Davis


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2.2.6 EmberClear Corp. – s. 144 Headnote Application by an issuer for a revocation of a cease trade order issued by the Commission – cease trade order issued because the issuer had failed to file certain continuous disclosure materials required by Ontario securities law – default subsequently remedied by bringing continuous disclosure filings up-to-date – cease trade order revoked. Applicable Legislative Provisions Securities Act , R.S.O. 1990, c. S.5, as am., ss. 127, 144.


R.S.O. 1990, CHAPTER S.5, AS AMENDED (the Act)

AND

IN THE MATTER OF

EMBERCLEAR CORP.

ORDER (Section 144)

WHEREAS the securities of EmberClear Corp. (the Applicant) are subject to a temporary cease trade order made by the Director dated November 5, 2014 under paragraph 2 of subsection 127(1) and subsection 127(5) of the Ontario Securities Act (the Act) and a further cease trade order made by the Director on November 17, 2014 under paragraph 2 of subsection 127(1) of the Act (collectively, the Ontario Cease Trade Order), ordering that all trading in the securities of the Applicant cease until the Ontario Cease Trade Order is revoked by the Director; AND WHEREAS the Ontario Cease Trade Order was made on the basis that the Applicant was in default of certain filing requirements under Ontario securities law as described in the Ontario Cease Trade Order; AND WHEREAS the Applicant has applied to the Ontario Securities Commission (the Commission) under section 144 of the Act for a revocation of the Cease Trade Order. Representations This order is based on the following facts represented by the Applicant: 1. The Applicant is a reporting issuer in the

provinces of British Columbia, Alberta and Ontario.

2. The Applicant is not in default of any requirements

under Ontario securities law.

3. The Applicant has filed all outstanding continuous disclosure documents that are required to be filed under Ontario securities law.

4. The Applicant has paid all outstanding activity,

participation and late filing fees that are required to be paid.

5. The Applicant’s SEDAR profile and SEDI issuer

profile supplement are current and accurate. 6. The Applicant was also subject to a similar cease

trade order issued by the Alberta Securities Commission dated October 30, 2014 as a result of the failure to make the filings described in the cease trade order, which order was revoked on January 9, 2015.

7. The Applicant was also subject to a similar cease

trade order issued by the British Columbia Securities Commission dated November 5, 2014 as a result of the failure to make the filings described in the cease trade order, which order was revoked on January 12, 2015.

8. Upon the issuance of this revocation order, the

Applicant will issue a news release announcing the revocation of the Cease Trade Order. The Applicant will concurrently file the news release and a material change report regarding the revocation of the Cease Trade Order on SEDAR.

AND UPON considering the application and the recommendation of the staff of the Commission; AND UPON the Director being satisfied that it would not be prejudicial to the public interest to revoke the Ontario Cease Trade Order. IT IS ORDERED pursuant to section 144 of the Act that the Ontario Cease Trade Order is hereby revoked. DATED at Toronto this 13th of January, 2015 “Shannon O’Hearn” Manager, Corporate Finance

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Chapter 3

Reasons: Decisions, Orders and Rulings 3.1 OSC Decisions, Orders and Rulings 3.1.1 Gold-Quest International and Sandra Gale



AND

IN THE MATTER OF GOLD-QUEST INTERNATIONAL and SANDRA GALE

ORAL REASONS AND DECISION

Hearing: September 10, 2014

Decision: September 11, 2014

Panel: Alan J. Lenczner – Commissioner and Chair of the Panel

Appearances: Christie Johnson – For Staff of the Commission

Derek Ricci – For Sandra Gale

No one appeared for the Respondent, Gold-Quest International

ORAL REASONS AND DECISION

The following text has been prepared for the purposes of publication in the Ontario Securities Commission Bulletin and is based on excerpts from the transcript of the hearing. The excerpts have been edited and the text has been approved by the Panel for the purpose of providing a public record of the decision. [1] This was a hearing before the Ontario Securities Commission (the “Commission”) on September 10, 2014 (the “Sanctions Hearing”) to consider whether it is in the public interest to make an order in respect of sanctions against Gold-Quest International (“Gold-Quest”) and Sandra Gale (“Gale”). [2] This matter comes before the Commission on an Agreed Statement of Facts (“Agreed Statement of Fact”) which has been executed by the Director of Enforcement and Gale on June 27, 2014. The Agreed Statement of Fact will be an Appendix to these reasons. [3] In the Agreed Statement of Fact, Gale acknowledges that she breached section 25 and section 53 of the Act, and in addition acted contrary to the public interest. The matter before me today is the appropriate level of sanctions that should be imposed upon Gale. [4] The object of the Act is two-fold. First, it is to protect investors from harm, and to deter other participants in the capital markets from acting contrary to the Act or to the public interest. It is also an object of the act to maintain the integrity of the capital markets. Gale, through her counsel, acknowledges that there should be a series of non-monetary sanctions so as to remove her from the capital markets. Those non-monetary sanctions will, prospectively, prohibit Gale for 15 years from trading in securities with a sole exemption that she can trade her RRSP with a number of conditions attached, which will be laid out in the order. She is also prohibited from becoming or acting as an officer or director of any registrant, investment fund manager or issuer. She must also resign any position that she has in any of those types of entities.

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[5] Gale, through her counsel, takes no issue with any of these non-monetary sanctions. The issue that remains between Staff and Gale is whether a disgorgement order in the amount of $207,641.00 should be imposed, and as well, an administrative penalty of $50,000. [6] I note that the $207,641.00 is the amount of commission that Gale received from Gold-Quest resulting from her improper conduct and breaches of the Act. I also note that the amount of $50,000 as an administrative penalty represents approximately 1-2% of the US $4.3 million dollars that was raised from Ontario investors in what other panels, dealing with the same matter, called a Ponzi scheme, and I agree with that characterization. [7] I want to make it crystal clear that in ordinary circumstances, disgorgement should be ordered in order to remove from a respondent that has been found to have breached the Act or acted contrary to the public interest, any gain resulting from those breaches. I also think that in vast majority of situations, an administrative penalty of this magnitude is appropriate. General deterrence is one of the goals of the Act and that general deterrence can only be accomplished by these types of monetary penalties. [8] At the same time, I am mindful that courts including the Supreme Court of Canada in Committee for Equal Treatment of Asbestos Minority Shareholders v Ontario (Securities Commission), [2001] 2 SCR 132 indicated that:

“… the purpose of an order under s. 127 is to restrain future conduct that is likely to be prejudicial to the public interest in fair and efficient capital markets. The role of the OSC under s. 127 is to protect the public interest by removing from the capital markets those whose past conduct is so abusive as to warrant apprehension of future conduct detrimental to the integrity of the capital markets …” (para 43).

I think that the non-monetary penalties requested by Staff in this case achieve those goals. [9] The Supreme Court of Canada further said that “the sanctions under the section are preventive in nature and prospective in orientation” (para 45). That court and other courts have indicated that punishment of an individual is not one of the objects of the Act and one of the roles that the Commission should fulfill. [10] My observations to this point indicate that general deterrence does include monetary sanctions of the type, and in the amount, that Staff is seeking, and that I would normally impose. However, in this particular case, I look at a number of mitigating factors and remind myself that the penalty or the sanctions to be imposed must be proportionate to other cases. [11] The mitigating factors that motivate me in this case are that Gale was not the initiator of the investment products or the designer of those products. She did not know that this was a Ponzi scheme and that it was fraudulent. Gale had a genuine belief in the investments that not only she made, but that she encouraged others to make. [12] As distinct from the Re Gold-Quest International et al. (2010), 33 OSCB 11179, involving Donald and Lisa Buchanan, Gale has been remorseful. She has also not blamed anyone for her predicament, and has accepted responsibility for her misconduct. Gale has cooperated in avoiding the need for a full hearing on the merits. More particularly, Gale is now 71 years of age, she does not intend, and could not in any event, engage in the capital markets. She has no assets to her name and no realistic likelihood of gaining meaningful employment. Further, Gale lives on government pensions of about $1500 dollars a month. In my view, asking her to disgorge $207,641.00 and pay $50,000 administrative penalty would be, for her, punitive. [13] There is no likelihood that Gale will ever have the ability to pay these amounts. She owes $223,008.52 to the Canada Revenue Agency, four chartered banks, and other credit agencies. She is not likely to get credit from anyone again. I believe that having an order for payment over her head will only complicate her life, and will not achieve any meaningful deterrence for others. General deterrence has already been spoken to, and anyone that is not similarly situated to Gale would not get the benefit of the exercise of the Commission’s discretion, as I am now doing. [14] In conclusion, I have a draft order from Staff which I am going to approve with the exception of the paragraphs relating to monetary penalties. [15] In respect of Gold-Quest, I note that the Alberta Securities Commission has issued orders against Gold-Quest including a permanent ban on the trading of its securities. By virtue of clause 4 in s.127(10), I am satisfied that it would be in the public interest to reciprocate that order in Ontario. I order that all trading in the shares of Gold-Quest cease permanently. [16] I want to thank counsel for their excellent submissions. I particularly want to thank Mr. Ricci for attending as LAP counsel. It is always helpful to the Commission to have that kind of assistance. [17] I am also going to reprimand Ms. Gale for her conduct. I hope she has learned a lesson and that her conduct will always be within the boundaries of the law going forward.


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DATED at Toronto this 11th day of September, 2014. “Alan Lenczner”


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APPENDIX A



AND

SANDRA GALE

AGREED STATEMENT OF FACTS

Staff of the Ontario Securities Commission (“Staff”) and Sandra Gale, also known as Sandi Gale, (“Gale” or the “Respondent”) agrees to the following facts regarding violations of the Securities Act, R.S.O 1990, c. S.5, as amended (the “Act”) and conduct contrary to the public interest: A. THE RESPONDENT AND RELATED PARTIES 1. Gale was a director of both 1725587 Ontario Inc., carrying on business as Health and HarMONEY (“Health and

HarMONEY”) and the Harmoney Club Inc. (the “Harmoney Club”). Gale was also one of the partners of Health and HarMONEY when it operated as a general partnership. Gale resides in Oshawa, Ontario.

2. Health and HarMONEY was an Ontario corporation that was incorporated on September 20, 2007. Prior to being

incorporated, Health and HarMONEY operated as a general partnership whose business name was registered on November 14, 2006 with the Province of Ontario. Health and HarMONEY carried out its business from an office located in Oshawa, Ontario.

3. The Harmoney Club was a Canadian corporation that was incorporated on December 21, 2007. The Harmoney Club

also carried out its business from an office located in Oshawa, Ontario. 4. Pursuant to an order of the Ontario Superior Court of Justice dated August 5, 2010, upon application by Staff, a

receiver was appointed over all of the property, assets, and undertakings of Health and HarMONEY and the Harmoney Club.

5. On December 17, 2011, Harmoney Club was dissolved by reason of non-compliance with section 212 of the Canadian

Business Corporations Act, R.S.C. 1985, c. C-44. 6. On January 18, 2013, Health and HarMONEY was cancelled by the companies branch pursuant to section 241 of the

Ontario Business Corporations Act, R.S.O. 1990, c. B.16. B. TRADING IN SECURITIES OF GOLD-QUEST

(i) The Gold-Quest Pyramid Scheme 7. Gold-Quest International (“Gold-Quest”) was a Panamanian corporation that was controlled by a number of individuals

resident in the United States, unrelated to Gale. 8. From June 2006 to May 2008, Gold-Quest accepted approximately $29-million (U.S.) from investors, including

investors in Ontario, through direct solicitations, an Internet website maintained by Gold-Quest and by referrals from existing investors. Gale was one such investor, having invested $5,000 in Gold-Quest.

9. Investors such as Gale entered into one-year investment contracts with Gold-Quest. Gold-Quest stated that investor

funds would be invested in the foreign exchange or “forex” market. Gold-Quest informed investors, including Gale, that they would receive an annual return on investment of 87.5%. However, in order to receive this 87.5% annual return, investors were required to leave their funds with Gold-Quest for a year.

10. Individuals who introduced an investor to Gold-Quest would receive the title “Administrative Manager” for the new

investor. Administrative Managers would receive from Gold-Quest a total commission of 58% of the principal invested. The individual who had introduced the Administrative Manager to Gold-Quest would receive the title “Managing Director” for the new investor and would receive a commission of 1.5% per month for a year (for a total of 18% of the principal invested). Lastly, the individual who introduced the Managing Director to Gold-Quest would receive the title “Supervisory Managing Director” for the new investor and would receive a commission of 1% per month for a year (for a total of 12% of the principal invested). In sum, when a new investor sent funds to Gold-Quest, 88% of the investor’s


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funds were earmarked for commissions to be paid to the investor’s Administrative Manager, Managing Director and Supervisory Managing Director over the course of a year (the “Gold-Quest Commission Structure”).

11. From June 2006 to May 2008, Gold-Quest disbursed approximately $20.3 million (U.S.) through distributions to

investors and payments of commissions, despite receiving no income from its investments or business operations. 12. On May 6, 2008, the Securities and Exchange Commission of the United States (the “SEC”) filed a complaint in the

United States District Court, District of Nevada, alleging that Gold-Quest was operating a pyramid or “Ponzi” scheme. Gold-Quest has never been registered in any capacity with the SEC. The SEC further alleged that Gold-Quest used very little of the money that it raised for legitimate investments, but rather that the vast majority of new investor funds were used by Gold-Quest to make payments to current investors and commissions to participants in the Ponzi scheme. The SEC Complaint and the related allegations advanced by the SEC were not in place at the time Gale dealt with Gold-Quest.

13. On January 14, 2010, the Alberta Securities Commission (the “ASC”) released its decision in the matter of Gold-Quest

International Corp. et al. following a hearing on the merits. The ASC found that Gold-Quest illegally traded in and distributed its securities in Alberta and that Gold-Quest was “a sham investment scheme, a classic Ponzi scheme and a classic pyramid scheme.”

14. Gold-Quest has ceased to operate and has been put into receivership by order of the United States District Court. As of

December 12, 2008, the receiver appointed by the United States District Court had only recovered $273,475.85 (U.S.).

(ii) Trading in Gold-Quest Securities in Ontario 15. Gold-Quest has never been registered in any capacity with the Commission. No preliminary prospectus or prospectus

has ever been filed with the Commission to attempt to qualify the trading of Gold-Quest securities. 16. From November 2006 until February 2008 (the “Material Time”), Health and HarMONEY, Gale, and other employees,

representatives and agents of Health and HarMONEY promoted the trading of securities in Gold-Quest to Ontario residents (the “Gold-Quest Investors”).

17. Throughout the Material Time, Health and HarMONEY and Gale were not registered in any capacity with the

Commission. 18. During the Material Time, the Gold-Quest Investors invested over $1.8 million (U.S.) with Gold-Quest as a result of

promotional activities conducted by Health and HarMONEY, Gale and other employees, representatives and agents of Heath and HarMONEY. These activities included recommending investment in Gold-Quest, providing specific information regarding the nature of the investment with Gold-Quest and facilitating the process of investing in Gold-Quest.

19. Gale received payments from Gold-Quest for referring the Gold Quest Investors pursuant to the Gold-Quest

Commission Structure. 20. As a result of her role related to the trading of Gold-Quest securities, Gale realized $207,641.07 (U.S.) in compensation

from Gold-Quest. 21. Gale was aware of the nature of the investment contract entered into by the investors she referred to Gold-Quest, as

well as the terms of the Gold-Quest Commission Structure. However, to the extent that any of the Gold-Quest Investors inquired about the Gold-Quest Commission Structure, Gale referred the Gold-Quest Investors to Donald Iain Buchanan, a director and the directing mind of Health and HarMONEY.

22. There were no exemptions under the Act which allowed the Respondent to trade Gold-Quest securities in Ontario. C. TEMPORARY CEASE TRADE ORDERS IN ONTARIO 23. On April 1, 2008, the Commission issued a temporary order under subsections 127(1) and 127(5) of the Act (the

“Temporary Order”). Pursuant to the Temporary Order Health and HarMONEY was prohibited from trading in any securities and that any exemptions contained in Ontario securities law did not apply to Health and HarMONEY.

24. The Temporary Order also prohibited any further trading in securities of Gold-Quest. 25. Gale was not a party to the Temporary Order.


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D. TRADING IN SECURITIES OF THE HARMONEY CLUB 26. The Harmoney Club was created by Gale, Donald Iain Buchanan, and Lisa Buchanan (the “Buchanans”), who then

offered securities in this corporation to approximately 138 Ontario investors (the “Harmoney Club Investors”) from October 2007 to July 2008.

27. Through the activities of the Respondent and the Buchanans, the Harmoney Club received almost $2.5-million (U.S.)

from the Harmoney Club Investors. These funds were then apparently used by the Harmoney Club for investments in the United States.

28. Gale did not receive any financial compensation from or through the Harmoney Club. 29. No preliminary prospectus or prospectus has ever been filed with the Commission to attempt to qualify the trading of

Harmoney Club securities. 30. There were no exemptions under the Act available to the Respondent allowing her to trade Harmoney Club securities. E. RESPONDENT'S POSITION 31. Gale requests that the Panel consider the following mitigating circumstances:

(a) Prior to her conduct, as set out above, Gale had very limited experience in the securities industry and her highest level of formal education is grade 12;

(b) Gale was not the architect of the investment products referred to above or the schemes that accompanied

them; (c) Gale did not know that her actions were in breach of the Act; (d) Gale acknowledges that she failed to exercise appropriate due diligence about the propriety of participating in

the sale of the investment products referred to above; (e) Gale is genuinely remorseful for her failure to comply with securities laws; (f) Gale states that she has never been the subject of any prior securities-related disciplinary proceeding.

F. VIOLATIONS OF THE SECURITIES ACT AND CONDUCT CONTRARY TO THE PUBLIC INTEREST 32. The conduct of Gale was contrary to the public interest and constituted the following breaches of the Act:

(a) trading without registration contrary to section 25 of the Act; and (b) an illegal distribution of securities contrary to section 53 of the Act.

DATED at Toronto this ______ day of May, 2014 Tom Atkinson Director of Enforcement Sandra Gale Witness


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IN THE MATTER OF T HE SECURITIES ACT, R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF

GROUND WEALTH INC., MICHELLE DUNK, ADRION SMITH, JOEL WEBSTER, DOUGLAS DEBOER, ARMADILLO ENERGY INC., ARMADILLO ENERGY, INC.,


AND

IN THE MATTER OF A SETTLEMENT AGREEMENT BETWEEN

STAFF OF THE ONTARIO SECURITIES COMMISSION and GROUND WEALTH INC., MICHELLE DUNK, DOUGLAS DEBOER and JOEL WEBSTER

PART I – INTRODUCTION

1. By Amended Notice of Hearing dated October 31, 2013, the Ontario Securities Commission (the “Commission”) announced that it proposed to hold a hearing, pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”), to consider whether it is in the public interest to make orders, as specified therein, against Ground Wealth Inc. (“GWI”) , Michelle Dunk (“Dunk”), Adrion Smith (“Smith”), Joel Webster (“Webster”), Douglas DeBoer (“DeBoer”), Armadillo Energy Inc. (“Armadillo Texas”), Armadillo Energy, Inc. (“Armadillo Nevada”) and Armadillo Energy, LLC (“Armadillo Oklahoma”) (collectively, the “Respondents”; GWI, Dunk, DeBoer and Webster, collectively referred to as the “Settling Respondents”). The Amended Notice of Hearing was issued in connection with the allegations set out in the Amended Statement of Allegations of Staff of the Commission (“Staff”) dated October 31, 2013. 2. The Commission will issue a Notice of Hearing to announce that it will hold a hearing to consider whether, pursuant to section 127 of the Act, it is in the public interest for the Commission to approve this Settlement Agreement and to make certain orders in respect of the Settling Respondents.

PART II – JOINT SETTLEMENT RECOMMENDATION 3. Staff agree to recommend settlement of the proceeding initiated by the Amended Notice of Hearing, dated October 31, 2013, against the Settling Respondents (the “Proceeding”) in accordance with the terms and conditions set out below. The Settling Respondents consent to the making of an order in the form attached as Schedule “A,” based on the facts set out below.

PART III – AGREED FACTS 4. To the extent the Settling Respondents do not have direct personal knowledge of certain facts as described below, the Settling Respondents believe the facts to be true and accurate. 5. Unless specifically stated to the contrary, the facts set out in this Settlement Agreement concern events taking place from October 2010 through April 2011 (the “Material Time”). OVERVIEW 6. During the Material Time, without registration and without a prospectus, GWI traded and distributed partnership agreements that constituted securities to residents of Ontario and elsewhere in Canada (the “Partnership Agreements”). 7. The Partnership Agreements were issued in the name of Armadillo Energy Inc. The Partnership Agreements entitled investors to the proceeds of the extraction and sale of oil from oil leases located in the State of Oklahoma, USA, and were securities as defined in the Act. The proceeds were to be paid monthly and were referred to as “Production Payments.” 8. GWI sold approximately CDN $5.3 million in Partnership Agreements to more than 130 members of the public in Canada (the “Purchasers”; the “Purchaser Funds”). 9. Approximately CDN $2.8 million of the Purchaser Funds were paid by 68 of the Purchasers who were Ontario residents.


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10. GWI retained approximately 24% of the Purchaser Funds as a fee for the marketing and administration of the Partnership Agreements (the “GWI Marketing Fee”). 11. No prospectus or preliminary prospectus was ever filed with the Commission in respect of the Partnership Agreements, nor was a prospectus receipt ever issued by the Director to qualify the sale of the Partnership Agreements. None of the Settling Respondents has ever been registered with the Commission in any capacity. 12. The Partnership Agreements were not previously issued. THE SETTLING RESPONDENTS Ground Wealth Inc. 13. GWI is a company incorporated under the laws of Ontario with its office in Cambridge, Ontario. 14. Dunk and Smith incorporated GWI, and during the Material Time were the only officers and directors of the company. 15. GWI has never been registered with the Commission in any capacity. 16. GWI’s sole business during the Material Time was marketing the Partnership Agreements. Michelle Dunk 17. Dunk was a resident of Ontario during the Material Time. 18. During the Material Time, Dunk was registered as a Director, the Vice-President, and the Secretary of GWI. 19. Dunk signed off on the majority of the completed Partnership Agreements as President and Chief Executive Officer of GWI. 20. Throughout the Material Time, Dunk was a co-signing authority with Smith on GWI’s bank accounts in Ontario and exercised control over GWI’s finances. 21. During the Material Time, Dunk was a beneficial owner of GWI. 22. Dunk has never been registered with the Commission in any capacity. Douglas DeBoer 23. DeBoer was a resident of Ontario during the Material Time. 24. Some of the documents GWI and Armadillo provided to potential Purchasers for marketing purposes identified DeBoer as Armadillo Texas’ Chief Financial Officer (“CFO”) and Financial Director or Finance Director. 25. Although DeBoer was not formally registered as a director or officer of Armadillo during the Material Time, he acknowledges that he assisted in facilitating the business relationship between Armadillo (as defined below in paragraph 35) and GWI and that he acted in furtherance of the trades in the Partnership Agreements described herein. 26. DeBoer has never been registered with the Commission in any capacity. Joel Webster 27. At GWI, Webster held the titles of Sales Manager and Inside Sales Representative. 28. During part of the Material Time, Webster had signing authority for GWI’s bank accounts in Ontario. 29. Webster has never been registered with the Commission in any capacity.


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NON-SETTLING RESPONDENTS Adrion Smith 30. Smith was the other beneficial owner of GWI during the Material Time. Smith was registered as a Director and the President of GWI during the Material Time and held and exercised co-signing authority with Dunk on bank accounts held by GWI in Ontario. 31. At different times between June 2008 and April 2010 Smith was registered with the Commission in the categories of Mutual Fund Dealer, Limited Market Dealer and Exempt Market Dealer. The Armadillo Companies 32. Armadillo Texas is a company incorporated under the laws of the State of Texas. 33. Armadillo Nevada is a company incorporated under the laws of the State of Nevada. 34. Armadillo Oklahoma is a company incorporated under the laws of the State of Oklahoma. 35. The three Armadillo companies (“Armadillo”) are engaged in the oil exploration and extraction business in Oklahoma and operated as a single enterprise during the Material Time. 36. Neither Armadillo Texas, Armadillo Nevada nor Armadillo Oklahoma has ever been registered with the Commission in any capacity. The Partnership Agreements 37. GWI sold the Partnership Agreements in durations of seven, ten and fifteen years. There were also versions of the 10 and 15 years plans that included “reinvestment options.” The terms of the Partnership Agreements were described in the Partnership Agreement itself, and in other documents, including materials entitled “Prospectus”, “Corporate Review,” and “Due Diligence Report,” as well as a GWI corporate brochure (collectively, “the GWI Marketing Materials”). Acts in Furtherance of the Trading and Distribution of the Partnership Agreements 38. DeBoer introduced Dunk to the idea for the Partnership Agreements and put her in touch with Armadillo. 39. During the Material Time, DeBoer provided information from time to time on behalf of Armadillo, to GWI and Dunk on the structure of the Partnership Agreements. 40. DeBoer reviewed drafts of the documents provided to Purchasers for the purpose of confirming that the numbers and structure of the Partnership Agreements conformed to the model he had conceived. 41. DeBoer reviewed and approved the text of the Stadia Due Diligence Report that was circulated to potential Purchasers by GWI and Armadillo. 42. GWI marketed the Partnership Agreements through a group of contracted sales representatives (the “Sales Representatives”). 43. The Sales Representatives were not registered with the Commission to trade in securities during the Material Time. 44. The Sales Representatives were managed and trained by Dunk, Webster and others. 45. As part of the training of the Sales Representatives, during the Material Time, GWI held a retreat for the Sales Representatives at which presentations were made on sales training and motivational topics (the “GWI Retreat”). 46. DeBoer attended the GWI Retreat and took questions from the Sales Representatives on Armadillo’s Partnership Agreements. 47. The Sales Representatives contacted friends, acquaintances and referrals for the purpose of selling the Partnership Agreements. They made presentations to prospective Purchasers in which they made use of the GWI Marketing Materials. 48. GWI hosted dinners at restaurants in the Guelph and Kitchener-Waterloo areas at which persons associated with GWI made marketing presentations to potential Purchasers (the “GWI Marketing Dinners”).


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49. At different times, Dunk, Webster and Smith attended the GWI Marketing Dinners. 50. Dunk and Webster made presentations to potential Purchasers about the Partnership Agreements at the GWI Marketing Dinners. 51. GWI flew prospective and existing Purchasers, including Ontario residents, together with Sales Representatives to the State of Oklahoma, where they received a tour of oil drilling operations. Dunk, Webster and Smith attended on such trips. 52. Dunk met with some of the prospective Purchasers who were being invited by the Sales Representatives to purchase Partnership Agreements. Some sales of Partnership Agreements were completed with the assistance of Dunk or Webster. 53. Webster supervised the completion of the Partnership Agreements with the Purchasers and also sold the Partnership Agreements himself. 54. Dunk and Webster both signed the completed Partnership Agreements on behalf of GWI. 55. After they had finalized their purchase of a Partnership Agreement, Purchasers were provided with a “Certificate of Ownership” (the “Armadillo Certificate”). 56. Purchasers received their Armadillo Certificate from Armadillo together with a copy of their Partnership Agreement under cover of a letter welcoming them to Armadillo as “our partner” and signed by Paul Schuett (“Schuett”), who is named as the President of Armadillo Energy Inc. (“Armadillo Welcome Letter”). 57. GWI, Dunk and DeBoer engaged in the above acts in furtherance of trading for a business purpose, as defined in Ontario securities law. Purchaser Funds 58. Upon purchasing a Partnership Agreement, Purchasers paid their funds directly to GWI. 59. GWI deposited the Purchaser Funds into its own accounts. After deducting the 24% GWI Marketing Fee, GWI remitted the remainder of the Purchaser Funds to Armadillo. In this way, GWI obtained approximately $1.3 million from the sale and distribution of the Partnership Agreements. 60. At different points during the Material Time, the cheques for the Production Payments were drawn on accounts in the names of Armadillo Texas, Armadillo Nevada and Armadillo Oklahoma. 61. Production Payment cheques were delivered to Purchasers by GWI on behalf of Armadillo together with a statement of the status of their holdings in the Partnership Agreements (“Armadillo Statement”). The Armadillo Statement was on GWI letterhead, but signed by Schuett. 62. Sales Representatives and GWI management who successfully sold Partnership Agreements to Purchasers were compensated by GWI in the amount of 5-12% of the value of each sale. 63. GWI’s Marketing Materials did not disclose to Purchasers that commissions were paid on the sale of the Partnership Agreements. Status of the Investment 64. During the Material Time Armadillo made Production Payments to the Purchasers totaling approximately CDN $1M. 65. In December 2012, Armadillo and GWI delivered a letter to Purchasers advising that the oil extraction rate had declined more quickly than predicted. The same letter advised Purchasers that the company would have to be “restructured” and that future Production Payments would “initially be at a reduced rate.” 66. In December 2013, a UK company called Fortis Admin Ltd. (“Fortis”) sent correspondence to purchasers advising that it had “acquired the oil field interests of Armadillo and was holding them in trust for those who had invested in Armadillo.” Fortis advised investors that it had already received funds from the company contracted to extract and sell the oil owned by the Purchasers, and was holding the funds in trust pending determination of the exact amounts owing to the individual Purchasers. 67. Staff is not able to determine when or if further Production Payments may be forthcoming on the Partnership Agreements.


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68. As of December 10, 2014, some Purchasers had not received payments since September 2012.

PART IV – CONDUCT CONTRARY TO THE ACT AND CONTRARY TO THE PUBLIC INTEREST 69. By virtue of the securities-related conduct described above, GWI admits that:

(a) During the Material Time, GWI engaged in or held itself out as engaging in the business of trading in securities without being registered to do so, in circumstances in which no exemption was available, contrary to s. 25(1) of the Act; and,

(b) During the Material Time, GWI distributed securities without a preliminary prospectus or a prospectus having

been filed and receipts having been issued for them by the Director and without an exemption from the prospectus requirement, contrary to s. 53(1) of the Act.

70. GWI admits and acknowledges that it acted contrary to the public interest by contravening Ontario securities law as set out in paragraph 69 above. 71. By virtue of the securities-related conduct described above, Dunk admits that:

(a) During the Material Time, Dunk engaged in or held herself out as engaging in the business of trading in securities without being registered to do so, in circumstances in which no exemption was available, contrary to s. 25(1) of the Act;

(b) During the Material Time, Dunk distributed securities without a preliminary prospectus or a prospectus having

been filed and receipts having been issued for them by the Director and without an exemption from the prospectus requirement, contrary to s. 53(1) of the Act;

(c) During the Material Time, Dunk, being a director and officer of GWI, did authorize, permit or acquiesce in the

commission of the violations of sections 25 and 53 of the Act, as set out above, by GWI, contrary to section 129.2 of the Act.

72. Dunk admits and acknowledges that she acted contrary to the public interest by contravening Ontario securities law as set out in paragraph 71 above. 73. By virtue of the securities-related conduct described above, DeBoer admits that:

(a) During the Material Time, DeBoer acted in furtherance of trades in the Partnership Agreements, which

constitutes trading under Ontario securities law, without being registered to do so, in circumstances in which no exemption was available, contrary to s. 25(1) of the Act; and,

(b) During the Material Time, DeBoer acted in furtherance of trades in previously unissued securities, namely the

Partnership Agreements, and therefore engaged in a distribution of securities without a preliminary prospectus or a prospectus having been filed and receipts having been issued for them by the Director and without an exemption from the prospectus requirement, contrary to s. 53(1) of the Act.

74. DeBoer admits and acknowledges that he acted contrary to the public interest by contravening Ontario securities law as set out in paragraph 73 above. 75. By virtue of the securities-related conduct described above, Webster admits that:

(d) During the Material Time, Webster engaged in or held himself out as engaging in the business of trading in securities without being registered to do so, in circumstances in which no exemption was available, contrary to s. 25(1) of the Act;

(e) During the Material Time, Webster distributed securities without a preliminary prospectus or a prospectus

having been filed and receipts having been issued for them by the Director and without an exemption from the prospectus requirement, contrary to s. 53(1) of the Act;

76. Webster admits and acknowledges that he acted contrary to the public interest by contravening Ontario securities law as set out in paragraph 75 above.


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PART V – RESPONDENTS’ POSITION 77. The Settling Respondents wish to advise the panel that during the Material Time they understood that the structure of the Partnership Agreements was not considered a security in Oklahoma and assumed the same to be the case in Ontario. Notwithstanding, the Respondents acknowledge that they did not make sufficient inquiries into whether their investment model complied with Ontario securities law and were not duly diligent. 78. Dunk requests that the settlement hearing panel consider the following mitigating circumstances:

(a) Dunk has advised Staff that she is presently without the means to satisfy the financial terms arising from this

Settlement Agreement and has provided Staff with evidence in support of her financial position. (b) When this matter was brought to Dunk’s attention by Staff in April 2011, she voluntarily directed GWI to stop

selling the Partnership Agreements. (c) Dunk cooperated with Staff’s investigation by providing documents, including the GWI Marketing Materials,

lists of Purchasers and other items. (d) Prior to this matter, Dunk had no previous record of securities regulatory proceedings against her.

79. DeBoer requests that the settlement hearing panel consider the following mitigating circumstances:

(a) Prior to the settlement hearing in this matter, DeBoer will provide Staff with certified funds in the amount of $10,000 as a first payment against the administrative penalty order flowing from this Settlement Agreement.

80. Webster requests that the settlement hearing panel consider the following mitigating circumstances:

(a) Upon becoming aware of the July 27, 2011, temporary cease trade order, to which he was not a respondent, Webster voluntarily ceased trading in the Partnership Agreements.

(b) Webster has left the province of Ontario and is now a resident of Saskatchewan.

PART VI – TERMS OF SETTLEMENT

81. The Settling Respondents agree to the terms of settlement listed below. 82. The Commission will make an order, pursuant to subsection 127(1) of the Act, that:

(a) the Settlement Agreement is approved; (b) trading and acquisition of any securities by GWI shall cease permanently; (c) trading and acquisition of any securities by Dunk shall cease for a period of 8 years from the date of the

approval of the Settlement Agreement, except that following full payment of the administrative penalty and costs orders made against her as a result of this Settlement Agreement, Dunk shall be permitted to trade and acquire securities through a registrant for personal purposes in her own account, provided that she is not engaging in or holding herself out as engaging in the business of trading in securities, and provided Dunk first notifies the registrant of these conditions by delivering to the registrant a copy of this order;

(d) trading and acquisition of any securities by DeBoer shall cease for a period of 5 years from the date of the

approval of the Settlement Agreement, except that following full payment of the administrative penalty and costs orders made against him as a result of this Settlement Agreement, DeBoer shall be permitted to trade and acquire securities through a registrant for personal purposes in his own account, provided that he is not engaging in or holding himself out as engaging in the business of trading in securities, and provided DeBoer first notifies the registrant of these conditions by delivering to the registrant a copy of this order;

(e) trading and acquisition of any securities by Webster shall cease for a period of 2.5 years from the date of the

approval of the Settlement Agreement, except that following full payment of the administrative penalty and costs orders made against him as a result of this Settlement Agreement, Webster shall be permitted to trade and acquire securities through a registrant for personal purposes in his own account, provided that he is not engaging in or holding himself out as engaging in the business of trading in securities, and provided Webster first notifies the registrant of these conditions by delivering to the registrant a copy of this order;


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(f) any exemptions contained in Ontario securities law do not apply to GWI permanently; (g) the Settling Respondents are reprimanded; (h) GWI is prohibited permanently from becoming or acting as a registrant, an investment fund manager or a

promoter; (i) Dunk is prohibited for a period of 8 years from becoming or acting as a registrant, an investment fund

manager or a promoter; (j) DeBoer is prohibited for a period of 5 years from becoming or acting as a registrant, an investment fund

manager or a promoter; (k) Webster is prohibited for a period of 2.5 years from becoming or acting as a registrant, an investment fund

manager or a promoter; (l) Dunk is prohibited for a period of 8 years from becoming or acting as a director or officer of any issuer,

registrant or investment fund manager; (m) DeBoer is prohibited for a period of 5 years from becoming or acting as an officer or director of any issuer,

registrant or investment fund manager; (n) Webster is prohibited for a period of 2.5 years from becoming or acting as an officer or director of a registrant

or investment fund manager; (o) Dunk shall pay an administrative penalty of $50,000 for her breaches of Ontario securities law in this matter; (p) DeBoer shall pay an administrative penalty of $50,000 for his breaches of Ontario securities law in this matter; (q) Webster shall pay an administrative penalty of $3,500 for his breaches of Ontario securities law in this matter; (r) Dunk shall pay $7,500 as investigation costs in this matter; (s) DeBoer shall pay $7,500 as investigation costs in this matter; and, (t) GWI shall disgorge to the Commission the amount of $1,300,000, obtained as a result of its breaches of

Ontario securities law in this matter.

83. Any amounts paid to the Commission under the administrative penalty or disgorgement order in this matter shall be allocated to or for the benefit of third parties, or for use by the Commission for the purpose of educating investors or promoting or otherwise enhancing knowledge and information of persons regarding the operation of the securities and financial markets, in accordance with subsection 3.4(2)(b) of the Act.

PART VII – STAFF COMMITMENT 84. If this Settlement Agreement is approved by the Commission, Staff will not initiate any other proceeding under the Act against any of the Settling Respondents in relation to the facts set out in Part III herein, subject to the provisions of paragraph 85, below. 85. If this Settlement Agreement is approved by the Commission, and at any subsequent time any of the Settling Respondents fails to comply with any of the terms of the Settlement Agreement, Staff reserve the right to bring proceedings under Ontario securities law against the particular Settling Respondent based on, but not limited to, the facts set out in Part III herein as well as the breach of the Settlement Agreement. 86. The Commission remains entitled to bring any proceedings necessary to recover any amounts the Settling Respondents are ordered to pay as a result of any order imposed pursuant to this agreement.

PART VIII – PROCEDURE FOR APPROVAL OF SETTLEMENT 87. Approval of this Settlement Agreement will be sought at a hearing of 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 Settling Respondents for the scheduling of the hearing to consider the Settlement Agreement.


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88. Staff and the Settling Respondents agree that this Settlement Agreement will constitute the entirety of the agreed facts to be submitted at the settlement hearing regarding the Settling Respondents’ conduct in this matter, unless the parties agree that further facts should be submitted at the settlement hearing. 89. If this Settlement Agreement is approved by the Commission, the Settling Respondents agree to waive all rights to a full hearing, judicial review or appeal of this matter under the Act. 90. If this Settlement Agreement is approved by the Commission, neither Staff nor any of the Settling Respondents will make any public statement that is inconsistent with this Settlement Agreement or inconsistent with any additional agreed facts submitted at the settlement hearing. 91. Whether or not this Settlement Agreement is approved by the Commission, the Settling Respondents agrees that they will not, in any proceeding, refer to or rely upon this Settlement Agreement or the settlement negotiations as the basis of any attack on the Commission's jurisdiction, alleged bias or appearance of bias, alleged unfairness or any other remedies or challenges that may otherwise be available. 92. Pursuant to the provisions of section 144 of the Act, the settling Respondents may apply for an order revoking or varying the order arising from this Settlement Agreement if the Commission should find that it is not prejudicial to the public interest to do so, and on such terms and conditions as the Commission may impose.

PART IX – DISCLOSURE OF SETTLEMENT AGREEMENT 93. If, for any reason whatsoever, this Settlement Agreement is not approved by the Commission or the order attached as Schedule “A” is not made by the Commission:

(a) this Settlement Agreement and its terms, including all settlement negotiations between Staff and the Settling Respondents leading up to its presentation at the settlement hearing, shall be without prejudice to Staff and the Settling Respondents; and

(b) Staff and the Settling Respondents shall be entitled to all available proceedings, remedies and challenges,

including proceeding to a hearing on the merits of the allegations in the Notice of Hearing and Statement of Allegations of Staff, unaffected by the Settlement Agreement or the settlement discussions and negotiations.

94. The terms of this Settlement Agreement will be treated as confidential by all parties hereto, but such obligations of confidentiality shall terminate upon commencement of the public hearing. The terms of the Settlement Agreement will be treated as confidential forever if the Settlement Agreement is not approved for any reason whatsoever by the Commission, except with the written consent of the Settling Respondents and Staff or as may be required by law.

PART X – EXECUTION OF SETTLEMENT AGREEMENT

(a) This Settlement Agreement may be signed in one or more counterparts, which together will constitute a binding agreement.

(b) A facsimile copy of any signature will be as effective as an original signature.

Dated this 5th day of January, 2015. STAFF OF THE ONTARIO SECURITIES COMMISSION “Tom Atkinson” Director, Enforcement Branch Ontario Securities Commission Signed in the presence of: “Donnamarie Gray” “Michelle Dunk” Witness: Michelle Dunk, Director, Vice President, Secretary: Ground Wealth Inc. Dated this 24th day of December, 2014


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Signed in the presence of: “Donnamarie Gray” “Michelle Dunk” Witness: Michelle Dunk Dated this 24th day of December, 2014 Signed in the presence of: “Donnamarie Gray” “Doug DeBoer” Witness: Douglas DeBoer Dated this “24th” day of December, 2014 Signed in the presence of: “Alesha Webster” “Joel Webster” Witness: Joel Webster Dated this “24th” day of December, 2014


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Schedule “A”

IN THE MATTER OF THE SECURITIES ACT, R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF

GROUND WEALTH INC., MICHELLE DUNK, ADRION SMITH, JOEL WEBSTER, DOUGLAS DEBOER, ARMADILLO ENERGY INC., ARMADILLO ENERGY, INC.,


AND

IN THE MATTER OF A SETTLEMENT AGREEMENT BETWEEN

STAFF OF THE ONTARIO SECURITIES COMMISSION and GROUND WEALTH INC., MICHELLE DUNK, DOUGLAS DEBOER and JOEL WEBSTER

ORDER

WHEREAS on February 1, 2013, the Commission issued a Notice of Hearing pursuant to section 127 of the Securities Act (the “Act”) in respect of Ground Wealth Inc. (“GWI”) , Michelle Dunk (“Dunk”), Adrion Smith (“Smith”), Joel Webster (“Webster”), Douglas DeBoer (“DeBoer”), Armadillo Energy Inc. (“Armadillo Texas”), Armadillo Energy, Inc. (“Armadillo Nevada”) and Armadillo Energy, LLC (“Armadillo Oklahoma”) (collectively, the “Respondents”); AND WHEREAS on October 31, 2013, Staff of the Commission filed an Amended Statement of Allegations; AND WHEREAS on October 31, 2013, Staff of the Commission filed an Amended Notice of Hearing; AND WHEREAS the GWI, Dunk and DeBoer (collectively, the “Settling Respondents”) entered into a Settlement Agreement dated January 5, 2015 (the “Settlement Agreement”), in relation to the matters set out in the Amended Statement of Allegations; AND WHEREAS the Commission issued a Notice of Hearing dated January 5, 2015, setting out that it proposed to consider the Settlement Agreement; UPON reviewing the Settlement Agreement, the Notice of Hearing and the Amended Statement of Allegations, and upon considering submissions from the Respondents through their counsel and from Staff of the Commission; AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order; IT IS HEREBY ORDERED: 1. that the Settlement Agreement is hereby approved; 2. that, pursuant to s. 127(1)2 and s. 127(1)2.1 of the Act, trading and acquisition of any securities by GWI shall cease

permanently;

3. that, pursuant to s. 127(1)2 and s. 127(1)2.1 of the Act, trading and acquisition of any securities by Dunk shall cease for a period of 8 years from the date of the approval of the Settlement Agreement, except that, following full payment of the administrative penalty and costs orders made against her as a result of this Settlement Agreement, Dunk shall be permitted to trade and acquire securities through a registrant for personal purposes in her own account, provided that she is not engaging in or holding herself out as engaging in the business of trading in securities, and provided Dunk first notifies the registrant of these conditions by delivering to the registrant a copy of this order;

4. that, pursuant to s. 127(1)2 and s. 127(1)2.1 of the Act, trading and acquisition of any securities by DeBoer shall cease

for a period of 5 years from the date of the approval of the Settlement Agreement, except that, following full payment of the administrative penalty and costs orders made against him as a result of this Settlement Agreement, DeBoer shall be permitted to trade and acquire securities through a registrant for personal purposes in his own account, provided that he is not engaging in or holding himself out as engaging in the business of trading in securities, and provided DeBoer first notifies the registrant of these conditions by delivering to the registrant a copy of this order;

5. that, pursuant to s. 127(1)2 and s. 127(1)2.1 of the Act, trading and acquisition of any securities by Webster shall cease

for a period of 2.5 years from the date of the approval of the Settlement Agreement, except that, following full payment


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of the administrative penalty and costs orders made against him as a result of this Settlement Agreement, Webster shall be permitted to trade and acquire securities through a registrant for personal purposes in his own account, provided that he is not engaging in or holding himself out as engaging in the business of trading in securities, and provided Webster first notifies the registrant of these conditions by delivering to the registrant a copy of this order;

6. that, pursuant to s. 127(1)3 of the Act, any exemptions contained in Ontario securities law do not apply to GWI

permanently; 7. that, pursuant to s. 127(1)6 of the Act, the GWI, Dunk, DeBoer and Webster are reprimanded; 8. that, pursuant to s. 127(1)8.5 of the Act, GWI is prohibited permanently from becoming or acting as a registrant, an

investment fund manager or a promoter; 9. that, pursuant to s. 127(1)8.5 of the Act, Dunk is prohibited for a period of 8 years from becoming or acting as a

registrant, an investment fund manager or a promoter; 10. that, pursuant to s. 127(1)8.5 of the Act, DeBoer is prohibited for a period of 5 years from becoming or acting as a

registrant, an investment fund manager or a promoter; 11. that, pursuant to s. 127(1)8.5 of the Act, Webster is prohibited for a period of 2.5 years from becoming or acting as a

registrant, an investment fund manager or a promoter; 12. that, pursuant to s. 127(1)8 Dunk is prohibited for a period of 8 years from becoming or acting as a director or officer of

any issuer; 13. that, pursuant to s. 127(1)8 DeBoer is prohibited for a period of 5 years from becoming or acting as a director or officer

of any issuer; 14. that, pursuant to s. 127(1)8.2, 127(1)8.3 and 127(1)8.4 of the Act, Dunk is prohibited for a period of 8 years from

becoming or acting as an officer or director of a registrant or investment fund manager; 15. that, pursuant to s. 127(1)8.2, 127(1)8.3 and 127(1)8.4 of the Act, DeBoer is prohibited for a period of 5 years from

becoming or acting as an officer or director of a registrant or investment fund manager; 16. that, pursuant to s. 127(1)8.2, 127(1)8.3 and 127(1)8.4 of the Act, Webster is prohibited for a period of 2.5 years from

becoming or acting as an officer or director of a registrant or investment fund manager; 17. that, pursuant to s. 127(1)9 of the Act, Dunk shall pay an administrative penalty of $50,000 for her breaches of Ontario

securities law in this matter, to be allocated under section 3.4(2)(b) to or for the benefit of third parties, or for use by the Commission for the purpose of educating investors or promoting or otherwise enhancing knowledge and information of persons regarding the operation of the securities and financial markets;

18. that, pursuant to s. 127(1)9 of the Act, DeBoer shall pay an administrative penalty of $50,000 for his breaches of

Ontario securities law in this matter, to be allocated under section 3.4(2)(b) to or for the benefit of third parties, or for use by the Commission for the purpose of educating investors or promoting or otherwise enhancing knowledge and information of persons regarding the operation of the securities and financial markets;

19. that, pursuant to s. 127(1)9 of the Act, Webster shall pay an administrative penalty of $3,500 for his breaches of

Ontario securities law in this matter, to be allocated under section 3.4(2)(b) to or for the benefit of third parties, or for use by the Commission for the purpose of educating investors or promoting or otherwise enhancing knowledge and information of persons regarding the operation of the securities and financial markets;

20. that, pursuant to s. 127(1)10 of the Act, GWI shall disgorge to the Commission the amount of $1,300,000, obtained as

a result of its breaches of Ontario securities law in this matter; 21. that, pursuant to s. 127.1(1) of the Act, Dunk shall pay $7,500 as investigation costs in this matter; and, 22. that, pursuant to s. 127.1(1) of the Act, DeBoer shall pay $7,500 as investigation costs in this matter. DATED at Toronto this 6th day of January, 2015. ___________________________________________ Mary Condon


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AND


SETTLEMENT AGREEMENT

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 section 127 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 Heritage Education Funds Inc. (“HEFI”).

PART II – JOINT SETTLEMENT RECOMMENDATION

2. Staff of the Commission (“Staff”) agrees to recommend settlement of the proceeding commenced by Notice of Hearing

dated January 6, 2015 (the “Proceeding”) against HEFI according to the terms and conditions set out below in this agreement (the “Settlement Agreement”). HEFI agrees to the making of an order in the form attached as Schedule “A”, based on the facts set out below.

PART III – AGREED FACTS

3. For the Proceeding, and any other regulatory proceeding commenced by a securities regulatory authority, HEFI agrees

with the facts as set out in Part III of this Settlement Agreement. Overview 4. HEFI has been the subject of three compliance field review reports since 2000 by Staff of the Compliance and

Registrant Regulation Branch (“CRR Staff”). HEFI also had previous terms and conditions imposed on its registration by CRR Staff from April 16, 2003 to October 28, 2003 and from July 9, 2004 to March 28, 2005. The last compliance field review report dated June 14, 2012 (the “2012 Compliance Report”) identified numerous compliance deficiencies. In some cases, CRR Staff found HEFI to be deficient in similar areas to those previously identified as containing deficiencies.

5. On August 13, 2012, the Commission issued a temporary section 127 order (the “Temporary Order”) with HEFI’s

consent, which imposed terms and conditions (“Terms and Conditions”) on HEFI’s registration. The Terms and Conditions required HEFI to: (a) retain an independent consultant (the “Consultant”) to prepare and assist HEFI to implement a plan to strengthen its compliance system; (b) retain an independent monitor (the “Monitor”) to use best efforts to review new client applications for the purpose of ensuring adequate know your client (“KYC”) information in order to determine suitability of the investment and to use best efforts to contact certain new clients to confirm: (i) the accuracy of the client’s KYC information; (ii) the investment is suitable for the client; and (iii) the client understands the fee structure of the investment.

6. From time to time, the Temporary Order was extended and amended with HEFI’s consent. 7. On October 12, 2012, the Consultant delivered a Consultant’s plan (the “Consultant’s Plan”) which set out a plan to

revise HEFI’s compliance policies and procedures including amending HEFI’s application form and KYC processes and to require additional organizational and policy improvements as summarized below in paragraphs 26 and 28.

8. On December 17, 2012, January 22, 2013, and October 1, 2013, the Consultant delivered addendums to the

Consultant’s Plan (the “Addendums”). 9. The Consultant has confirmed in its attestation letter dated April 21, 2014 that HEFI has implemented the procedures

and controls recommended by the Consultant that address each of the deficiencies identified in the 2012 Compliance Report and that strengthen the compliance system. The Consultant specifically attests that HEFI has implemented an


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adequate compliance and supervisory structure tailored to its business, and that HEFI is complying with the new procedures and controls, which appear to be working effectively and are being enforced.

10. HEFI has agreed to adhere to the revised internal controls, supervision and policies and procedures developed during

the implementation of the Consultant’s Plan and the Addendums. 11. Given HEFI’s implementation of the Consultant’s Plan and the Addendums, HEFI’s co-operation to date and HEFI’s

agreement to adhere to the revised internal controls, supervision and policies and procedures set out in the Consultant’s Plan and the Addendums, the parties agree to settle the Proceeding on the basis that: (a) HEFI will provide the OSC Manager as defined in the Terms and Conditions with a report by the Consultant by no later than March 12, 2016. The report by the Consultant will be based on a work plan to be agreed upon jointly by HEFI, the Consultant and the OSC Manager by no later than February 23, 2015 and will report on whether the revised policies and procedures and internal controls set out in the Consultant’s Plan and the Addendums, as well as any subsequent revisions thereto are: (i) being followed by HEFI; (ii) working appropriately; and (iii) being adequately administered and enforced by HEFI, such report to include a description of the Consultant’s testing to support its conclusions for the 12 month period ending January 12, 2016; and (b) HEFI will receive a reprimand from the Commission.

Heritage Education Funds Inc. (“HEFI”) 12. HEFI offers two types of education savings plans (the “Plans”). The Plans are administered by the Heritage Educational

Foundation (the “Foundation”). 13. HEFI distributes the Plans which are registered as registered education savings plans under the Income Tax Act,

R.S.C. 1985, c.1 (5th Supp.), as amended. 14. HEFI, formerly known as Canadian American Financial Corporation (Canada) Limited and Allianz Education Funds

Inc., was incorporated in or about 1965. 15. HEFI became registered with the Commission as a dealer in the category of scholarship plan dealer (“SPD”) in or about

1988. HEFI became registered as an investment fund manager on or about February 15, 2011. Previous Compliance Reviews and Previous Terms and Conditions 16. HEFI has been the subject of three previous compliance reviews conducted by CRR Staff. 17. On April 16, 2003, terms and conditions were imposed on HEFI’s registration which included filing year-to-date

unaudited financial statements and monthly reports calculating excess working capital. 18. A compliance field review report by CRR Staff dated August 26, 2003 identified a number of compliance deficiencies

including: (i) inadequate supervision of sales representatives; (ii) inadequate collection and documentation of KYC information; (iii) inadequate training and testing of dealing representatives (“DRs”); (iv) branch managers (“BMs”) not involved in reviewing suitability; (v) inadequate systems to monitor leveraging; (vi) inadequate review of branch trading reports; (vii) use of misleading marketing materials and business cards; and (viii) improper third party business arrangements.

19. A compliance field review report by CRR Staff dated June 23, 2004 identified a number of compliance deficiencies,

including some of the same deficiencies identified in the compliance field review report dated August 26, 2003. 20. On July 9, 2004, terms and conditions were imposed on HEFI’s registration which included filing monthly progress

reports with the OSC Manager, detailing the actions taken to resolve the identified deficiencies. 2012 Compliance Report 21. From approximately November 30, 2011 to January 13, 2012, CRR Staff conducted a compliance review at HEFI’s

head office in Toronto, Ontario and at various branch locations in the Greater Toronto Area. On June 14, 2012, CRR Staff issued the 2012 Compliance Report which identified the following deficiencies: (i) HEFI lacked an adequate system of compliance controls and supervision; (ii) HEFI’s head office did not adequately discharge its obligations as a registered firm to supervise DRs; (iii) ineffective branch audits; (iv) failure to respond to control weakness over non-financial changes in respect to KYC information; (v) failure to adequately monitor the restricted terms and conditions imposed on certain DRs; (vi) commissions paid to non-registered companies; (vii) failure to monitor terms and conditions on DRs; (viii) inadequate collection and documentation of KYC information for each of HEFI’s clients for the purpose of assessing suitability; (ix) inadequate suitability assessment, including concerns over the affordability guidelines used to assess trade suitability; (x) ineffective trade review process; (xi) unsuitable investments; (xii) high


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pressure sales tactics; (xiii) insufficient or inadequate knowledge by certain DRs of HEFI’s Plans; and (xiv) misleading, inaccurate or unsubstantiated claims in marketing materials.

Temporary Order dated August 13, 2012 22. On August 13, 2012, the Commission issued the Temporary Order with HEFI’s consent which imposed Terms and

Conditions on HEFI’s registration. The Terms and Conditions required HEFI to retain the Consultant to: (a) prepare, and assist HEFI to implement, a plan to strengthen its compliance system within the meaning of section 11.1 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (“NI 31-103”); and (b) make recommendations to rectify all identified compliance deficiencies raised in the 2012 Compliance Report. The Terms and Conditions also required HEFI to retain the Monitor to use best efforts to review new client applications for the purpose of ensuring adequate KYC information in order to determine suitability of the investment and to use best efforts to contact certain new clients to confirm: (i) the accuracy of the client’s KYC information; (ii) the investment is suitable for the client; and (iii) the client understands the fee structure of the investment.

23. The OSC Manager, as referred to in the Terms and Conditions, approved Deloitte and Touche (“Deloitte”) as the

Consultant and Monitor. On June 12, 2013, the OSC Manager approved Compliance Support Services Inc. to replace Deloitte as the Consultant, to continue and complete implementation of the Consultant’s Plan.

Consultant’s Plan dated October 12, 2012, as Amended December 17, 2012, January 22, 2013 and October 1, 2013 24. On October 12, 2012, the Consultant provided Staff with the Consultant’s Plan to strengthen HEFI’s compliance

systems. 25. The Consultant’s Plan listed specific recommendations to address the deficiencies set out in the 2012 Compliance

Report. 26. After a request from Staff for the Consultant’s Plan to include more details about the roles and responsibilities of the

head office compliance staff in enhancing the compliance structure, including but not limited to trade reviews, review and approval of marketing materials, and monitoring terms and conditions on dealing representatives, the Consultant delivered a 44 page amended Consultant’s Plan on January 22, 2013. The Consultant’s Plan and the Addendums set out recommendations, action items, responsible persons and targeted completion dates for reviews of and/or improvements to: (a) compliance policies and systems; (b) the suitability assessment process including the collection of further KYC and suitability information; (c) training for HEFI’s DRs; (d) the enhancement of compliance human resources; (e) client statements; (f) website and marketing material; (g) insurance requirements; and (h) registration processes.

Implementation of the Consultant’s Plan and Addendums 27. The Terms and Conditions required the Consultant to provide monthly progress reports detailing HEFI’s progress with

respect to the implementation of the Consultant’s Plan for each recommendation. The Consultant delivered progress reports to Staff on February 27, March 27, April 26, May 27, July 22, September 3, October 3, November 4, December 9, 2013, February 3, and March 31, 2014 which reported on the implementation of the Consultant’s Plan and Addendums.

28. The Consultant’s Plan and the Addendums together with the subsequent progress reports noted in paragraph 27

required the following action steps to improve the collection of KYC and suitability information: (a) develop new affordability guidelines focusing on cash flow and the debt/contractual investment servicing ratio;


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(b) develop new supplemental KYC information form capturing information needed for affordability guidelines, including net worth inclusive of liquid assets, fixed assets, total liabilities, and net disposable income in specified circumstances;

(c) enhance the suitability assessment process to include the amendments recommended in the draft RESP

Dealers Association of Canada Guideline on KYC and Suitability (September 14, 2012), along with certain additional items of mandatory information;

(d) conduct KYC form and plan disclosure training for DRs, BMs, head office staff, Provincial Compliance Officers

(“PCOs”), and other staff; (e) review training material and replace any high pressure sales tactics with material focusing on know your

product (“KYP”) information outlining risks and benefits of each plan type; (f) develop new trade review assessment and approval processes including those for BMs, Provincial Trading

Officers (“PTOs”) and head office staff; (g) develop new KYC update and enrolment application review and approval processes; (h) redesign enrolment application and KYC form in order to have all KYC information on the KYC form; and (i) conduct training for revised forms, new trade review procedures, new KYC update procedures and new

enrolment application review procedures for DRs, BMs, PCOs, head office staff, and other staff.

29. By progress report dated March 31, 2014, the Consultant confirmed that HEFI’s compliance systems have been fully remediated and every deficiency raised in the 2012 Compliance Report has been addressed and corrected.

30. In the Consultant’s attestation letter dated April 21, 2014, the Consultant stated that: (i) to the best of its knowledge and

belief, HEFI has implemented the procedures and controls recommended by the Consultant to address each of the deficiencies identified in the 2012 Compliance Report and that strengthen HEFI’s compliance system, including that the firm has implemented an adequate compliance and supervisory structure tailored to its business; (ii) to the best of its knowledge and belief and based on the Consultant’s design and review of the system and structures and its verification of the system and structures, HEFI is complying with the new procedures and controls; and (iii) the Consultant reviewed and verified the procedures and they appear to be working effectively and appear to be being enforced.

Role of Monitor 31. From September 11, 2012 to September 13, 2013, the Monitor reviewed 8,472 New Client applications, called 3,594

New Clients and HEFI unwound 172 new client applications based on the KYC information gathered by HEFI. In the 172 cases, the Monitor determined based on the new client’s KYC Information and HEFI suitability policies, that the 172 investments were not suitable.

32. On September 6, 2013, the Commission ordered the role of the Monitor suspended effective September 16, 2013 after

reviewing a letter from the Consultant dated September 3, 2013 stating that the monitoring of HEFI’s new client applications was no longer necessary.

HEFI’S POSITION 33. HEFI acknowledges that changes were required to strengthen its compliance system so as to better serve the public

interest. 34. Upon receipt of the 2012 Compliance Report, HEFI immediately set out to address the compliance deficiencies

highlighted in the report, particularly the KYC and suitability deficiencies. Initial changes were implemented prior to the Consultant being retained or their plan being reviewed or approved by Staff.

35. HEFI has worked with the Consultant and the Monitor to ensure that the Terms and Conditions imposed by the

Commission on August 13, 2012 were fully implemented. 36. As at November 20, 2014, HEFI had incurred $4,910,143.79 inclusive of HST in Consultant and Monitor costs as a

result of the implementation of the Terms and Conditions. 37. HEFI has co-operated with Staff and consented to the Temporary Order which imposed the Terms and Conditions and

consented to other Commission orders which extended the Temporary Order and varied the Terms and Conditions.


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38. HEFI has agreed to adhere to the revised internal controls, supervision and policies and procedures in all provincial and territorial jurisdictions in Canada in which HEFI is registered and as referenced in the Consultant’s Plan and the progress reports.

PART IV – CONDUCT TO BETTER SERVE THE PUBLIC INTEREST

39. By engaging in the conduct described above, HEFI admits and acknowledges that its compliance system did not meet

reasonable compliance practices and that changes were required to strengthen its compliance system so as to better serve the public interest.

PART V – TERMS OF SETTLEMENT

40. HEFI agrees to the terms of settlement listed below. 41. The Commission will make an order pursuant to subsection 127(1) of the Act that:

(a) this Settlement Agreement is approved; (b) pursuant to clause 4 of subsection 127(1) of the Act, no later than March 12, 2016, HEFI will provide the OSC

Manager as defined in the Terms and Conditions with a report by the Consultant, based on a work plan to be agreed upon jointly by HEFI, the Consultant and the OSC Manager, which reports on whether the revised policies and procedures and internal controls set out in the Consultant’s Plan and the Addendums as well as any subsequent revisions thereto are: (i) being followed by HEFI; (ii) working appropriately; and (iii) being adequately administered and enforced by HEFI, such report to include a description of the Consultant’s testing to support its conclusions for the 12 month period ending January 12, 2016; and

(c) pursuant to clause 6 of subsection 127(1) of the Act, HEFI is reprimanded.

PART VI – STAFF COMMITMENT

42. If the Commission approves this Settlement Agreement, Staff will not commence any proceeding under Ontario

securities law against HEFI in relation to the facts set out in Part III of this Settlement Agreement, subject to the provisions of paragraph 43 below.

43. If the Commission approves this Settlement Agreement and, at any subsequent time, HEFI fails to comply with any of

the terms of the Settlement Agreement, Staff may bring proceedings under Ontario securities law against HEFI. These proceedings may be based on, but not limited to, the facts set out in Part III of this Settlement Agreement as well as the breach of the Settlement Agreement.

PART VII – PROCEDURE FOR APPROVAL OF SETTLEMENT

44. The parties will seek approval of this Settlement Agreement at a public hearing before the Commission scheduled for

January 12, 2015, or on another date agreed to by Staff and HEFI, according to the procedures set out in this Settlement Agreement and the Commission’s Rules of Procedure.

45. Staff and HEFI agree that this Settlement Agreement will form all of the agreed facts that will be submitted at the

settlement hearing on HEFI’s conduct, unless the parties agree that additional facts should be submitted at the settlement hearing.

46. If the Commission approves this Settlement Agreement, HEFI agrees to waive all rights to a full hearing, judicial review

or appeal of this matter under the Act. 47. 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. 48. Whether or not the Commission approves this Settlement Agreement, HEFI will not use, in any proceeding, this

Settlement Agreement or the negotiation or process of approval of this Settlement 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.


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PART VIII – DISCLOSURE OF SETTLEMENT AGREEMENT 49. 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 HEFI before the settlement hearing takes place will be without prejudice to Staff and HEFI; and

(b) Staff and HEFI 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 Settlement Agreement.

50. Both parties shall keep the terms of this Settlement Agreement confidential until the Commission approves this

Settlement Agreement. At that time, the parties will no longer have to maintain confidentiality. If the Commission does not approve this Settlement Agreement, both parties shall continue to keep the terms of this Settlement Agreement confidential, unless they agree in writing not to do so or unless otherwise required by law.

PART IX – EXECUTION OF SETTLEMENT AGREEMENT

51. Both parties may sign separate copies of this agreement. Together, these signed copies will form a binding agreement. 52. A fax copy of any signature will be treated as an original signature. Dated this 6th day of January, 2015 Heritage Education Funds Inc. Per: “Onofrio Loduca ONOFRIO LODUCA, CHIEF EXECUTIVE OFFICER Per: “Joe Ladeira” JOE LADEIRA, CHIEF COMPLIANCE OFFICER “Tom Atkinson” Tom Atkinson Director, Enforcement Branch


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Schedule “A”



AND


ORDER

WHEREAS on January , 2015, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to section 127 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) in relation to the Statement of Allegations filed by Staff of the Commission (“Staff”) on January , 2015 with respect to Heritage Education Funds Inc. (“HEFI”); AND WHEREAS HEFI entered into a Settlement Agreement dated January , 2015 (the “Settlement Agreement”) in relation to the matters set out in the Statement of Allegations; AND WHEREAS the Settlement Agreement acknowledges HEFI’s co-operation with Staff and sets out the costs incurred by HEFI in retaining an independent consultant (the “Consultant”) to prepare and assist HEFI in implementing a plan to strengthen HEFI’s “compliance system” within the meaning of section 11.1 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations; AND WHEREAS the Settlement Agreement sets out that a manager in the Compliance and Registrant Regulation Branch of the Commission (the “OSC Manager”) approved the Consultant’s plan dated October 12, 2012 (the “Consultant’s Plan”) and the addendums to the Consultant’s plan dated December 17, 2012, January 22, 2013, and October 1, 2013 (the “Addendums”) and that the OSC Manager reviewed the progress reports detailing HEFI’s progress with respect to the implementation of the Consultant’s Plan and the Addendums as revised by various progress reports; AND WHEREAS the Settlement Agreement sets out that the Consultant confirmed by letter dated April 21, 2014 that HEFI has implemented the procedures and controls recommended by the Consultant to address each of the deficiencies identified in the compliance review report dated June 14, 2012 and to strengthen HEFI’s compliance system and that the Consultant has tested the implementation of the recommendations in the Amended Consultant’s Plan and it is working effectively; AND WHEREAS the Commission issued a Notice of Hearing dated January ___, 2015, setting out that it proposed to consider the Settlement Agreement; AND UPON reviewing the Settlement Agreement, the Notice of Hearing, the Statement of Allegations and upon considering submissions from HEFI’s counsel and from Staff of the Commission; 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) this Settlement Agreement is approved; (b) pursuant to clause 4 of subsection 127(1) of the Act, no later than March 12, 2016, HEFI will provide the OSC

Manager as defined in the Terms and Conditions with a report by the Consultant, based on a work plan to be agreed upon jointly by HEFI, the Consultant and the OSC Manager, which reports on whether the revised policies and procedures and internal controls set out in the Consultant’s Plan and the Addendums as well as any subsequent revisions thereto are: (i) being followed by HEFI; (ii) working appropriately; and (iii) being adequately administered and enforced by HEFI, such report to include a description of the Consultant’s testing to support its conclusions for the 12 month period ending January 12, 2016; and

(c) pursuant to clause 6 of subsection 127(1) of the Act, HEFI is reprimanded.

DATED at Toronto, Ontario this ______ day of January, 2015 ___________________________________________

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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

BlackIce Enterprise Risk Management Inc.

09 January 2015 21 January 2015

EmberClear Corp. 05 November 2014 17 November 2014 17 November 2014 17 January 2015

Magnum Energy Inc. 09 January 2015 21 January 2015

Petaquilla Minerals Ltd. 09 January 2015 21 January 2015

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

Mahdia Gold Corp. 13 January 2015 26 January 2015

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

Mahdia Gold Corp. 13 January 2015 26 January 2015

Cease Trading Orders

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Chapter 5

Rules and Policies 5.1.1 Amendments to NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations

AMENDMENTS TO NATIONAL INSTRUMENT 31-103

REGISTRATION REQUIREMENTS, EXEMPTIONS AND ONGOING REGISTRANT OBLIGATIONS

1. National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations is amended by this Instrument.

2. Section 1.1 is amended by

(a) adding the following definitions:

“designated rating” has the same meaning as in National Instrument 81-102 Investment Funds; “designated rating organization” has the same meaning as in National Instrument 81-102 Investment Funds; “DRO affiliate” means an affiliate of a designated rating organization that issues credit ratings in a foreign jurisdiction and that has been designated as such under the terms of the designated rating organization’s designation; “principal regulator” has the same meaning as in section 4A.1 of Multilateral Instrument 11-102 Passport System; “sub-adviser” means an adviser to

(a) a registered adviser, or (b) a registered dealer acting as a portfolio manager as permitted by section 8.24 [IIROC

members with discretionary authority];,

(b) replacing “IIROC Provision” with “IIROC provision”, “IIROC Provisions” with “IIROC provisions”, “MFDA Provision” with “MFDA provision” and “MFDA Provisions” with “MFDA provisions” wherever these terms occur in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, and

(c) amending the definition of “sponsoring firm” by replacing “the registered firm” with “the firm registered in

a jurisdiction of Canada”.


(a) repealing subsection (1), (b) replacing subsection (2) with the following:

(2) For the purpose of a requirement in this Instrument to notify or to deliver or submit a document to the regulator or the securities regulatory authority, the person or company may notify or deliver or submit the document to the person or company’s principal regulator.,

(c) repealing subsection (3), and (d) adding the following subsections:

(4) Despite subsection (2), for the purpose of the notice and delivery requirements in section 11.9 [registrant acquiring a registered firm’s securities or assets], if the principal regulator of the registrant and the principal regulator of the firm identified in paragraph 11.9(1)(a) or 11.9(1)(b), if registered in any jurisdiction of Canada, are not the same, the registrant must deliver the written notice to the following:

(a) the registrant’s principal regulator; and

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(b) the principal regulator of the firm identified in paragraph 11.9(1)(a) or 11.9(1)(b) as applicable, if registered in any jurisdiction of Canada identified in paragraph 11.9(1)(a) or 11.9(1)(b).

(5) Subsection (2) does not apply to

(a) section 8.18 [international dealer], and (b) section 8.26 [international adviser]..

4. Paragraph 2.2(1)(e) is amended by replacing “[dealing with clients – individuals and firms]” with “Dealing with clients – individuals and firms”.

5. Section 3.3 is amended by adding the following subsection:

(4) Subsection (1) does not apply to the examination requirements in

(a) section 3.7 [scholarship plan dealer – dealing representative] if the individual was registered in a jurisdiction of Canada as a dealing representative of a scholarship plan dealer on and since September 28, 2009, and

(b) section 3.9 [exempt market dealer – dealing representative] if the individual was registered as a

dealing representative of an exempt market dealer in Ontario or Newfoundland and Labrador on and since September 28, 2009..

6. Section 3.5 is amended by replacing “section 7.1(2)(b)” with “paragraph 7.1(2)(b)”. 7. Section 3.6 is amended by replacing paragraph (a) with the following:

(a) the individual has

(i) passed the Canadian Investment Funds Course Exam, the Canadian Securities Course Exam or the Investment Funds in Canada Course Exam,

(ii) passed the PDO Exam, the Mutual Fund Dealers Compliance Exam or the Chief Compliance Officers

Qualifying Exam, and (iii) gained 12 months of relevant securities industry experience in the 36-month period before applying

for registration;.

8. Section 3.7 is amended by replacing “section” with “paragraph”.

9. Section 3.8 is replaced with the following:

3.8 Scholarship plan dealer – chief compliance officer A scholarship plan dealer must not designate an individual as its chief compliance officer under subsection 11.3(1) [designating a chief compliance officer] unless the individual has

(a) passed the Sales Representative Proficiency Exam, (b) passed the Branch Manager Proficiency Exam, (c) passed the PDO Exam or the Chief Compliance Officers Qualifying Exam, and (d) gained 12 months of relevant securities industry experience in the 36-month period before applying

for registration..

10. Section 3.9 is amended by replacing “section 7.1(2)(d)” with “paragraph 7.1(2)(d)”.

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11. Section 3.10 is amended by replacing paragraph (a) with the following:

(a) the individual has

(i) passed the Exempt Market Products Exam or the Canadian Securities Course Exam, (ii) passed the PDO Exam or the Chief Compliance Officers Qualifying Exam, and (iii) gained 12 months of relevant securities industry experience in the 36-month period before applying

for registration;.

12. Subsection 3.16(2.1) is amended by replacing “paragraphs” with “paragraph”. 13. Section 4.1 is amended by replacing subsection (1) with the following:

(1) A firm registered in any jurisdiction of Canada must not permit an individual to act as a dealing, advising or associate advising representative of the registered firm if either of the following apply:

(a) the individual acts as an officer, partner or director of another firm registered in any jurisdiction of Canada that is not an affiliate of the first-mentioned registered firm;

(b) the individual is registered as a dealing, advising or associate advising representative of another firm

registered in any jurisdiction of Canada.. 14. Subsection 4.2(3) is amended by replacing “No later than the 7th day” with “No later than 7 days”. 15. Section 6.7 is replaced with the following:

6.7 Exception for individuals involved in a hearing or proceeding Despite section 6.6, if a hearing or proceeding concerning a suspended individual is commenced under securities legislation or under the rules of an SRO, the individual’s registration remains suspended..


(a) replacing subparagraph (2)(d)(ii) with the following:

(ii) subject to subsection (5), act as a dealer by trading a security that, if the trade were a distribution, would be exempt from the prospectus requirement, or,

(b) repealing subparagraph (2)(d)(iii), and

(c) adding the following subsection:

(5) An exempt market dealer must not trade a security if

(a) the security is listed, quoted or traded on a marketplace, and (b) the trade in the security does not require reliance on a further exemption from the

prospectus requirement..

17. Part 8 is amended by adding the following section after the title of Division 1:

8.0.1 General condition to dealer registration requirement exemptions The exemptions in this Division are not available to a person or company if the person or company is registered in the local jurisdiction and if their category of registration permits the person or company to act as a dealer or trade in a security for which the exemption is provided..


(a) replacing “by the person or company if one of the following applies” with “in a security if either of the following applies”, and

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(b) replacing paragraph (a) with the following:

(a) the trade is made through a registered dealer, if the dealer is registered in a category that permits the trade unless, in furtherance of the trade, the person or company seeking the exemption solicits or contacts directly any purchaser or prospective purchaser in relation to the trade;.

19. Division 1 of Part 8 is amended by adding the following section:

8.5.1 Trades through a registered dealer by registered adviser The dealer registration requirement does not apply to a registered adviser, or an advising representative or associate advising representative acting on behalf of the registered adviser, in respect of trading activities that are incidental to its providing advice to a client, if the trade is made through a dealer registered in a category that permits the trade or a dealer operating under an exemption from the dealer registration requirement..

20. Paragraph (a) of section 8.9 is amended by

(a) replacing, in subparagraph (i), “sections 86(e)” with “section 86(e)” and adding “paragraph” before “131(1)(d)”,

(b) replacing, in subparagraph (iii), “sections 19(3)” with “section 19(3)” and adding “paragraph” before

“58(1)(a)”, (c) replacing, in subparagraph (v), “sections 36(1)(e)” with “paragraphs 36(1)(e)”, (d) replacing, in subparagraph (vi), “sections 41(1)(e)” with “paragraphs 41(1)(e)”, (e) replacing, in subparagraphs (vii) and (viii), “section” with “sections”, (f) replacing, in subparagraph (ix), “sections 35(1)5 and 72(1)(d) of the Securities Act (Ontario)” with “section

35(1)5 and paragraph 72(1)(d) of the Securities Act (Ontario) as they existed prior to their repeal by sections 5 and 11 of the Securities Act (Ontario) S.O. 2009, c. 18, Sch. 26”,

(g) replacing, in subparagraph (x), “section 2(3)(d)” with “paragraph 2(3)(d)”,

(h) replacing, in subparagraph (xi), “sections 51 and 155.1(2)” with “section 51 and subsection 155.1(2)”, and (i) replacing, in subparagraph (xii), “sections” with “paragraphs”.

21. Subsection 8.15(2) is amended by adding “or Alberta” after “Ontario”. 22. Subsection 8.17(2) is amended by replacing “subsection” with “paragraph”. 23. Section 8.18 is amended by

(a) deleting, in subsection (1), the definition of “Canadian permitted client”, (b) deleting, in subsection (2), “Canadian” before “permitted client” wherever it occurs, (c) replacing, in paragraph (2)(f), “acting” with “purchasing”, (d) replacing, in paragraph (3)(d), “acting as principal or as agent” with “trading as principal or agent”,

(e) deleting, in subsection (4), “Canadian” before “permitted client” wherever it occurs, and (f) replacing, in subsection (5), “12 month period” with “12-month period”.

24. Subparagraph 8.19(2)(a)(i) is amended by replacing “section” with “paragraph”. 25. Section 8.20 is amended by

(a) replacing subsection (1) with the following:

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(1) In Alberta, British Columbia, New Brunswick and Saskatchewan, the dealer registration requirement does not apply to a person or company in respect of a trade in an exchange contract by the person or company if one of the following applies:

(a) the trade is made through a registered dealer, if the dealer is registered in a category that permits the trade unless, in furtherance of the trade, the person or company seeking the exemption solicits or contacts directly any purchaser or prospective purchaser in relation to the trade;

(b) the trade is made to a registered dealer who is purchasing as principal, if the dealer is

registered in a category that permits the trade., and

(b) repealing subsections (2) and (3).

26. Part 8 is amended by adding the following section:

8.20.1 Exchange contract trades through or to a registered dealer - Alberta, British Columbia, New Brunswick and Saskatchewan

The dealer registration requirement does not apply to a registered adviser, or an advising representative or associate advising representative acting on behalf of the registered adviser, in respect of trading activities related to exchange contracts that are incidental to its providing advice to a client, if the trade is made through a dealer registered in a category that permits the trade or a dealer operating under an exemption from the dealer registration requirement..

27. Subsection 8.21(1) is amended by deleting the definitions of “designated rating”, “designated rating organization”

and “DRO affiliate”. 28. Subsection 8.22(3) is amended by replacing “subsection” with “paragraph”. 29. Part 8 is amended by adding the following section:

8.22.1 Short-term debt (1) In this section, “short-term debt instrument” means a negotiable promissory note or commercial paper maturing not more than one year from the date of issue. (2) Except in Ontario, the dealer registration requirement does not apply to any of the following in respect of a trade in a short-term debt instrument with a permitted client:

(a) a bank listed in Schedule I, II or III to the Bank Act (Canada);

(b) an association to which the Cooperative Credit Associations Act (Canada) applies or a central cooperative credit society for which an order has been made under subsection 473 (1) of that Act;

(c) a loan corporation, trust company, trust corporation, insurance company, treasury branch, credit

union, caisse populaire, financial services cooperative or credit union league or federation that is authorized by a statute of Canada or of a jurisdiction in Canada to carry on business in Canada or in any jurisdiction in Canada, as the case may be;

(d) the Business Development Bank of Canada; (3) The exemption under subsection (2) is not available to a person or company if the short-term debt instrument is convertible or exchangeable into, or accompanied by a right to purchase, another security other than another short-term debt instrument..


8.22.2 General condition to adviser registration requirement exemptions The exemptions in this Division are not available to a person or company if the person or company is registered in the local jurisdiction in a category of registration that permits the person or company to act as an adviser in respect of the activities for which the exemption is provided..

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(a) deleting, in subsection (2), the definition of “Canadian permitted client”, (b) replacing subsection (3) with the following:

(3) The adviser registration requirement does not apply to a person or company in respect of its acting as an adviser to a permitted client, other than a permitted client that is a person or company registered under the securities legislation of a jurisdiction of Canada as an adviser or dealer, if the adviser does not advise that client on securities of Canadian issuers, unless providing that advice is incidental to its providing advice on a foreign security.,

(c) replacing paragraph (4)(b) with the following:

(b) the adviser is registered in a category of registration, or operates under an exemption from registration, under the securities legislation of the foreign jurisdiction in which its head office or principal place of business is located, that permits it to carry on the activities in that jurisdiction that registration as an adviser would permit it to carry on in the local jurisdiction; , and

(d) replacing, in paragraph (4)(f), “Submission to Jurisdiction and Appointment of Agent for Service” with

“Submission to jurisdiction and appointment of agent for service”.

32. Part 8 is amended by adding the following section:

8.26.1 International sub-adviser (1) The adviser registration requirement does not apply to a sub-adviser if all of the following apply:

(a) the obligations and duties of the sub-adviser are set out in a written agreement with the registered adviser or registered dealer;

(b) the registered adviser or registered dealer has entered into a written agreement with its clients on

whose behalf investment advice is or portfolio management services are to be provided, agreeing to be responsible for any loss that arises out of the failure of the sub-adviser

(i) to exercise the powers and discharge the duties of its office honestly, in good faith and in

the best interests of the registrant and each client of the registrant for whose benefit the advice is or portfolio management services are to be provided, or

(ii) to exercise the degree of care, diligence and skill that a reasonably prudent person would

exercise in the circumstances.

(2) The exemption under subsection (1) is not available unless all of the following apply:

(a) the sub-adviser’s head office or principal place of business is in a foreign jurisdiction; (b) the sub-adviser is registered in a category of registration, or operates under an exemption from

registration, under the securities legislation of the foreign jurisdiction in which its head office or principal place of business is located, that permits it to carry on the activities in that jurisdiction that registration as an adviser would permit it to carry on in the local jurisdiction;

(c) the sub-adviser engages in the business of an adviser in the foreign jurisdiction in which its head

office or principal place of business is located..


8.26.2 General condition to investment fund manager registration requirement exemptions The exemptions in this Division are not available to a person or company if the person or company is registered in the local jurisdiction as an investment fund manager..

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8.28 Capital accumulation plan (1) In this section “capital accumulation plan” means a tax assisted investment or savings plan, including a defined contribution registered pension plan, a group registered retirement savings plan, a group registered education savings plan, or a deferred profit-sharing plan, that permits a plan member to make investment decisions among two or more investment options offered within the plan, and in Québec and Manitoba, includes a simplified pension plan; “plan member” means a person that has assets in a capital accumulation plan; “plan sponsor” means an employer, trustee, trade union or association or a combination of them that establishes a capital accumulation plan, and includes a plan service provider to the extent that the plan sponsor has delegated its responsibilities to the plan service provider; and “plan service provider” means a person that provides services to a plan sponsor to design, establish, or operate a capital accumulation plan. (2) The investment fund manager registration requirement does not apply to a plan sponsor or their plan service provider in respect of activities related to a capital accumulation plan..

35. Paragraph 8.30(d) is amended by replacing “Parts 13 [dealing with clients – individuals and firms] and 14 [handling client accounts – firms]” with “Parts 13 Dealing with clients – individuals and firms and 14 Handling client accounts – firms”.

36. Section 9.1 is amended by replacing “Dealer Member” with “dealer member”. 37. Paragraphs 9.3(1)(b) and 9.4(1)(b) are amended by deleting “notifying the regulator of a”. 38. Paragraph 10.1(1)(k) is amended by deleting “to be paid by a registrant”. 39. Subsection 11.3(2) is amended by replacing “[registration requirements – individuals]” with “Registration

requirements – individuals”. 40. Section 11.9 is amended by

(a) replacing subsection (1) with the following:

(1) A registrant must give the regulator or, in Québec, the securities regulatory authority written notice in accordance with subsection (2) if it proposes to acquire any of the following:

(a) for the first time, direct or indirect ownership, beneficial or otherwise, of 10% or more of the

voting securities or other securities convertible into voting securities of

(i) a firm registered in any jurisdiction of Canada or any foreign jurisdiction, or (ii) a person or company of which a firm registered in any jurisdiction of Canada or any

foreign jurisdiction is a subsidiary;

(b) all or a substantial part of the assets of a firm registered in any jurisdiction of Canada or any foreign jurisdiction.,

(b) repealing subsection (3), and

(c) replacing subsections (4), (5) and (6) with the following:

(4) Except in Ontario and British Columbia, if, within 30 days of the receipt of a notice under subsection (1), the regulator or, in Québec, the securities regulatory authority notifies the registrant making the acquisition that the regulator or, in Québec, the securities regulatory authority objects to the acquisition, the acquisition must not occur until the regulator or the securities regulatory authority approves it.

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(5) In Ontario, if, within 30 days of the receipt of a notice under subparagraph (1)(a)(i) or paragraph (1)(b), the regulator notifies the registrant making the acquisition that the regulator objects to the acquisition, the acquisition must not occur until the regulator approves it. (6) Following receipt of a notice of objection under subsection (4) or (5), the person or company who submitted the notice under subsection (1) may request an opportunity to be heard on the matter by the regulator or, in Québec, the securities regulatory authority objecting to the acquisition..


(a) replacing subsection (1) with the following: (1) A registered firm must give the regulator or, in Québec, the securities regulatory authority written notice in accordance with subsection (2) if it knows or has reason to believe that any person or company, alone or in combination with any other person or company, is about to acquire, or has acquired, for the first time, direct or indirect ownership, beneficial or otherwise, of 10% or more of the voting securities or other securities convertible into voting securities of any of the following:

(a) the registered firm; (b) a person or company of which the registered firm is a subsidiary.,

(b) replacing paragraph (2)(c) with the following:

(c) include all facts that to the best of the registered firm’s knowledge after reasonable inquiry regarding the acquisition are sufficient to enable the regulator or the securities regulatory authority to determine if the acquisition is

(i) likely to give rise to a conflict of interest, (ii) likely to hinder the registered firm in complying with securities legislation, (iii) inconsistent with an adequate level of investor protection, or (iv) otherwise prejudicial to the public interest.,

(c) repealing subsection (3), and

(d) replacing subsections (5), (6) and (7) with the following:

(5) Except in British Columbia and Ontario, if, within 30 days of the receipt of a notice under subsection (1), the regulator or the securities regulatory authority notifies the person or company making the acquisition that the regulator or, in Québec, the securities regulatory authority objects to the acquisition, the acquisition must not occur until the regulator or the securities regulatory authority approves it. (6) In Ontario, if, within 30 days of the receipt of a notice under paragraph (1)(a), the regulator notifies the person or company making the acquisition that the regulator objects to the acquisition, the acquisition must not occur until the regulator approves it. (7) Following receipt of a notice of objection under subsection (5) or (6), the person or company proposing to make the acquisition may request an opportunity to be heard on the matter by the regulator or, in Québec, the securities regulatory authority objecting to the acquisition..


12.2 Subordination agreement (1) If a registered firm has entered into a subordination agreement in the form set out in Appendix B, it may exclude the amount of non-current related party debt subordinated under that agreement from the calculation of its excess working capital on Form 31-103F1 Calculation of Excess Working Capital. (2) The registered firm must deliver an executed copy of the subordination agreement referred to subsection (1) to the regulator or, in Québec, the securities regulatory authority on the earliest of the following dates:

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(a) 10 days after the date on which the subordination agreement is executed; (b) the date on which the amount of the subordinated debt is excluded from the registered firm’s non-

current related party debt as calculated on Form 31-103F1 Calculation of Excess Working Capital.

(3) The registered firm must notify the regulator or, in Québec, the securities regulatory authority 10 days before it

(a) repays the loan or any part of the loan, or (b) terminates the agreement..

43. Section 12.6 is amended by replacing “may” with “must” wherever it occurs. 44. Subsection 12.12(3) is replaced with the following:

(3) Subsection (2) does not apply to an exempt market dealer unless it is also registered in another category, other than the portfolio manager or restricted portfolio manager category..


(a) replacing paragraph (1)(c) with the following:

(c) a completed Form 31-103F4 Net Asset Value Adjustments if any net asset value adjustment has been made in respect of an investment fund managed by the investment fund manager during the financial year.,

(b) replacing paragraph (2)(c) with the following:

(c) a completed Form 31-103F4 Net Asset Value Adjustments if any net asset value adjustment has been made in respect of an investment fund managed by the investment fund manager during the interim period., and

(c) repealing subsection (3).

46. Paragraph 13.2(2)(c) is amended by adding “[suitability]” after “section 13.3”. 47. Subsection 13.10(1) is amended by replacing “subsection 13.8(c)” with “paragraph 13.8(c)”. 48. Subsection 13.16(1) is amended by adding “a” before “trading” in paragraph (a) of the definition of “complaint”. 49. Part 13 is amended by adding the following division:

Division 6 Registered sub-advisers 13.17 Exemption from certain requirements for registered sub-advisers (1) A registered sub-adviser is exempt from the following requirements in respect of its activities as a sub-adviser:

(a) section 13.4 [identifying and responding to conflicts of interest]; (b) division 3 [referral arrangements] of Part 13; (c) division 5 [complaints] of Part 13; (d) section 14.3 [disclosure to clients about the fair allocation of investment opportunities]; (e) section 14.5 [notice to clients by non-resident registrants]; (f) section 14.14 [account statements].

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(2) The exemption under subsection (1) is not available unless all of the following apply:

(a) the obligations and duties of the registered sub-adviser are set out in a written agreement with the sub-adviser’s registered adviser or registered dealer;

(b) the registered adviser or registered dealer has entered into a written agreement with its clients on

whose behalf investment advice is or portfolio management services are to be provided agreeing to be responsible for any loss that arises out of the failure of the registered sub-adviser

(i) to exercise the powers and discharge the duties of its office honestly, in good faith and in

the best interests of the registrant and each client of the registrant for whose benefit the advice is or portfolio management services are to be provided, or

(ii) to exercise the degree of care, diligence and skill that a reasonably prudent person would

exercise in the circumstances..

50. Part 14 is amended by

(a) amending section 14.1.1, as that section is scheduled to come into force on July 15, 2016, by replacing “An investment fund manager” with “A registered investment fund manager”,

(b) amending paragraph 14.7(1)(c) by adding “the” before “Canadian Investor Protection Fund”, (c) amending subparagraph 14.11.1(1)(b)(iii), as that subparagraph is scheduled to come into force on

July 15, 2015, by replacing “subparagraphs” with “subparagraph”, (d) amending subsection 14.12(6) by replacing “Section 14.12(5)” with “Subsection 14.12(5)” and by adding

“[investment fund trades by adviser to managed account]” after “section 8.6”, (e) amending subsection 14.14 (2.1) by replacing “section” with “paragraph”, (f) amending subsections 14.14(4) and 14.14(5), as these subsections are scheduled to come into force

on July 15, 2015, by replacing “subsections” with “subsection”, (g) amending subsection 14.14.2(3), as that subsection is scheduled to come into force on July 15, 2015,

by adding “[definitions of terms used throughout this Instrument]” after “definition of “book cost” in section 1.1”,

(h) amending subsection 14.18(4), as that subsection is scheduled to come into force on July 15, 2016, by

replacing “subsections 14.14(5)” with “subsection 14.14(5)”, (i) amending subsection 14.19(1), as that subsection is scheduled to come into force on July 15, 2016, by

replacing “subsections” with “subsection”, and (j) amending subsection 14.19(3), as that subsection is scheduled to come into force on July 15, 2016, by

replacing “paragraphs” with “paragraph”.

51. Subsection 15.1(1) is amended by deleting “, in Québec,”. 52. Section 16.10 is replaced with the following:

16.10 Proficiency for dealing and advising representatives If an individual is registered in a jurisdiction of Canada as a dealing or advising representative in a category referred to in a section of Division 2 [education and experience requirements] of Part 3 on the day this Instrument comes into force, that section does not apply to the individual so long as the individual remains registered in the category..

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53. Form 31-103F1 Calculation of Excess Working Capital is amended by

(a) replacing Line 5 of the table with the following:

Add 100% of non-current related party debt unless the firm and the lender have executed a subordination agreement in the form set out in Appendix B of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations and the firm has delivered a copy of the agreement to the regulator or, in Québec, the securities regulatory authority. See section 12.2 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations.

(b) replacing in Line 10 of the table “National Instrument 31-103, Registration Requirements, Exemptions and

Ongoing Registrant Obligations” with “National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations”,

(c) replacing the introduction to the notes, below the table, with the following:

Notes: Form 31-103F1 Calculation of Excess Working Capital must be prepared using the accounting principles that you use to prepare your financial statements in accordance with National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards. Section 12.1 of Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations provides further guidance in respect of these accounting principles.,

(d) replacing the notes to Lines 5, 8 and 9 with the following:

Line 5. Related-party debt – Refer to the CICA Handbook for the definition of “related party” for publicly accountable enterprises. The firm is required to deliver a copy of the executed subordination agreement to the regulator or, in Québec, the securities regulatory authority on the earlier of a) 10 days after the date the agreement is executed or b) the date an amount subordinated by the agreement is excluded from its calculation of excess working capital on Form 31-103F1 Calculation of Excess Working Capital. The firm must notify the regulator or, in Québec, the securities regulatory authority, 10 days before it repays the loan (in whole or in part), or terminates the subordination agreement. See section 12.2 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations. Line 8. Minimum Capital – The amount on this line must be not less than (a) $25,000 for an adviser and (b) $50,000 for a dealer. For an investment fund manager, the amount must be not less than $100,000 unless subsection 12.1(4) of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations applies. Line 9. Market Risk – The amount on this line must be calculated according to the instructions set out in Schedule 1 to Form 31-103F1 Calculation of Excess Working Capital. A schedule supporting the calculation of any amounts included in Line 9 as market risk should be provided to the regulator or, in Québec, the securities regulatory authority in conjunction with the submission of Form 31-103F1 Calculation of Excess Working Capital.,

(e) in the last line of the notes to Line 12, replacing “this form” with “Form 31-103 Calculation of Excess

Working Capital”, (f) adding, immediately before paragraph (e) of Schedule 1 of Form 31-103 Calculation of Excess Working

Capital, the following: Securities of mutual funds qualified by prospectus for sale in the United States of America: 5% of the net asset value per security if the fund is registered as an investment company under the Investment Companies Act of 1940, as amended from time to time, and complies with Rule 2a-7 thereof.,

(g) by replacing paragraph (l) of clause (ii) of paragraph (e) of Schedule 1 of Form 31-103 Calculation of

Excess Working Capital with the following: (l) SIX Swiss Exchange,

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(h) by deleting, in paragraph (b) of clause (i) of paragraph (f) of Schedule 1 of Form 31-103 Calculation of Excess Working Capital, “of the loan or the rates set by Canadian financial institutions or Schedule III banks, whichever is greater”, and

(i) by deleting, in paragraph (b) of clause (ii) of paragraph (f) of Schedule 1 of Form 31-103 Calculation of Excess Working Capital, “of the loan or the rates set by Canadian financial institutions or Schedule III banks, whichever is greater”.

54. Form 31-103F2 Submission to Jurisdiction and Appointment of Agent for Service is amended by replacing in Line 6. “National Instrument 31-103, Registration Requirements, Exemptions and Ongoing Registrant Obligations” with “National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations”.

55. The following form is added:

FORM 31-103F4 NET ASSET VALUE ADJUSTMENTS

(Section 12.14 [delivering financial information – investment fund manager])

This is to notify the regulator or, in Québec, the securities regulatory authority, of a net asset value (NAV) adjustment made in respect of an investment fund managed by the investment fund manager in accordance with paragraph 12.14(1)(c) or paragraph 12.14(2)(c). All of the information requested should be provided on a fund by fund basis. Please attach a schedule if necessary.

1. Name of the investment fund manager: 2. Name of each of the investment funds for which a NAV adjustment occurred: 3. Date(s) the NAV error occurred: 4. Date the NAV error was discovered: 5. Date of the NAV adjustment: 6. Original total NAV on the date the NAV error first occurred: 7. Original NAV per unit on each date(s) the NAV error occurred: 8. Revised NAV per unit on each date(s) the NAV error occurred: 9. NAV error as percentage (%) of the original NAV on each date(s) the NAV error occurred: 10. Total dollar amount of the NAV adjustment: 11. Effect (if any) of the NAV adjustment per unit or share: 12. Total amount reimbursed to security holders, or any corrections made to purchase and redemption

transactions affecting the security holders of each investment fund affected, if any: 13. Date of the NAV reimbursement or correction to security holder transactions, if any: 14. Total amount reimbursed to investment fund, if any: 15. Date of the reimbursement to investment fund, if any: 16. Description of the cause of the NAV error: 17. Was the NAV error discovered by the investment fund manager?

Yes No 18. If No, who discovered the NAV error?

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19. Was the NAV adjustment a result of a material error under the investment fund manager’s policies and procedures?

Yes No

20. Have the investment fund manager’s policies and procedures been changed following the NAV adjustment?

Yes No 21. If Yes, describe the changes: 22. If No, explain why not: 23. Has the NAV adjustment been communicated to security holders of each of the investment funds affected?

Yes No 24. If Yes, describe the communications: Notes: Line 2. NAV adjustment – Refers to the correction made to make the investment fund’s NAV accurate. Line 3. NAV error – Refers to the error discovered on the Original NAV. Please refer to Section 12.14 of Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations for guidance on NAV error and causes of NAV errors. Line 3. Date(s) the NAV error occurred – Means the date of the NAV error first occurred and the subsequent dates of the NAV error. Line 8. Revised NAV per unit – Refers to the NAV per unit calculated after taking into account the NAV error. Line 9. NAV error as a percentage (%) of the original NAV – Refers to the following calculation:

(Revised NAV / Original NAV) – 1 x 100

56. APPENDIX B is amended, in paragraph (b) of section 2, by adding “,” after “in respect to the Loan”. 57. APPENDIX G is amended by

(a) deleting, under the caption “NI 31-103 Provision” with regard to “section 12.2”, “notifying the regulator of a”,

(b) deleting, under the caption “IIROC Provision” with regard to “subsection 14.2(2) [relationship

disclosure information], the following:

IIROC has not yet assigned a number to the relationship disclosure dealer member rule in its Client Relationship Model proposal. We will refer to the dealer member rule number when IIROC has assigned one. , and

(c) adding “9. Dealer Member Rule 3500 [Relationship Disclosure]” at the end of the list of IIROC Provisions.

58. APPENDIX H is amended by deleting, under the caption “NI 31-103 Provision” with regard to “section 12.2”, “notifying the regulator of a”.

Coming into force 59. (1) Subject to subsection (2), this Instrument comes into force on January 11, 2015.

(2) Paragraph 16(c) and section 29 of this Instrument come into force on July 11, 2015.

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5.1.2 Amendments to NI 33-109 Registration Information

AMENDMENTS TO NATIONAL INSTRUMENT 33-109 REGISTRATION INFORMATION 1. National Instrument 33-109 Registration Information is amended by this Instrument. 2. Section 1.1 is amended by (a) adding the following definition:

“business location” means a location where the firm carries out an activity that requires registration, and includes a residence if regular and ongoing activity that requires registration is carried out from the residence or if records relating to an activity that requires registration are kept at the residence;,

(b) replacing the definition of “cessation date” with the following:

“cessation date” means the last day on which an individual had authority to act as a registered individual on behalf of their sponsoring firm or was a permitted individual of their sponsoring firm, because of the end of, or a change in, the individual’s employment, partnership, or agency relationship with the firm;, and

(c) replacing the definition of “permitted individual” with the following:

“permitted individual” means

(a) a director, chief executive officer, chief financial officer, or chief operating officer of a firm, or a

functional equivalent of any of those positions, (b) an individual who has beneficial ownership of, or direct or indirect control or direction over, 10 percent

or more of the voting securities of a firm, or (c) a trustee, executor, administrator, or other personal or legal representative, that has direct or indirect

control or direction over 10 percent or more of the voting securities of a firm;. 3. Subsection 2.3(2) is amended by

(a) adding “(other than Item 13.3(c))”, after “[Regulatory disclosure]” in subparagraph (c)(i), and

(b) replacing paragraph (d) with the following:

(d) the individual is seeking reinstatement with a sponsoring firm in one or more of the same categories of registration in which the individual was registered on the cessation date;.

4. Subsection 2.6(1) is amended by replacing “subsection” with “paragraph”. 5. Section 3.1 is amended by

(a) replacing, in subsection (1), “subsections” with “subsection”, and

(b) replacing, in subsection (4), “Submission to Jurisdiction and Appointment of Agent for Service” with “Submission to jurisdiction and appointment of agent for service”.

6. Subsection 4.1(4) is amended by

(a) deleting “:” after “if the change relates to”, (b) replacing “;” with “,” at the end of paragraphs (a) and (b),

(c) replacing “.” with “, or” at the end of paragraph (c), and (d) adding the following paragraph:

(d) any information on Schedule C of Form 33-109F4..

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7. Section 4.2 is amended by (a) in paragraphs (2)(a) and (2)(b), replacing “subsection” with “paragraph”, and (b) in paragraph (4)(b), replacing “subsection” with “paragraph”. 8. The title of all schedules to forms of National Instrument 33-109 Registration Information is amended by

replacing “SCHEDULE”, wherever this word appears, with “Schedule”. 9. Form 33-109F1 is amended by

(a) replacing the paragraph after the heading “Terms” with the following:

In this form, “cessation date” (or “effective date of termination”) means the last day on which an individual had authority to act as a registered individual on behalf of their sponsoring firm or the last day on which an individual was a permitted individual of their sponsoring firm, because of the end of, or a change in, the individual’s employment, partnership, or agency relationship with the firm.,

(b) replacing “[National Registration Database]” with “National Registration Database” in the second

paragraph after the heading “How to submit the form”, (c) replacing “termination date” with “cessation date” in the second paragraph after the heading “When to

submit the form”, (d) in Item 3, replacing “Address” with “Business location address”, (e) in section 1 of Item 4 under “Cessation date / Effective date of termination”, replacing the sentence with

the following:

This is the last day that the individual had authority to act in a registerable capacity on behalf of the firm, or the last day that the individual was a permitted individual.,

(f) adding, at the end of section 2 of Item 4, the following:

If “Other”, explain: _______________________________________, (g) adding, in section 8 of Item 5, “or materially” after “Did the individual repeatedly”, and (h) replacing Item 7 with the following:

Item 7 Warning It is an offence under securities legislation and derivatives legislation, including commodity futures legislation, to give false or misleading information on this form..

10. Form 33-109F2 is amended by

(a) adding “or provide notice of other changes to the information on Schedule C of Form 33-109F4” at the end of the sentence after the heading “GENERAL INSTRUCTIONS”,

(b) adding “National Registration Database” after “National Instrument 31-102” in the second paragraph after

the heading “How to submit this form”, (c) replacing section 1 of Item 2 with the following:

1. Are you filing this form under the passport system / interface for registration?

Choose “No” if you are registered in (a) only one jurisdiction of Canada (b) more than one jurisdiction of Canada and you are requesting a surrender in a non-principal

jurisdiction or jurisdictions, but not in your principal jurisdiction, or

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(c) more than one jurisdiction of Canada and you are requesting a change only in your principal jurisdiction.

Yes No ,

(d) deleting “of individual categories of registration” in section 2 of Item 2, (e) replacing “36 month period” with “36-month period” in section 3 of Item 4, (f) replacing “ “Not Applicable” above” with “ “N/A” “ in section 3 of Item 4, (g) replacing “yes” with “Yes” in section 3 of Item 4, (h) adding, in Item 5, “registration” before “category”, (i) amending Item 6 by replacing “Schedule A” with “Schedule B” wherever this expression appears, and

replacing, in the second paragraph, “SROs” with “SRO” and “enforce their respective by-laws” with “enforce its by-laws”,

(j) replacing Item 7 with the following:

Item 7 Warning It is an offence under securities legislation and derivatives legislation, including commodity futures legislation, to give false or misleading information on this form.,

(k) in Schedule A, replacing the third paragraph with the following:

Indicate the continuing education activities in which you have participated during the last 36 months and that are relevant to the category of registration you are applying for:, and

(l) replacing Schedule B with the following:

Schedule B

Contact information for Notice of collection and use of personal information

Alberta Alberta Securities Commission Suite 600, 250–5th St. SW Calgary, AB T2P 0R4 Attention: Information Officer Telephone: (403) 297-6454

NunavutGovernment of Nunavut Department of Justice P.O. Box 1000 Station 570 Iqaluit, NU X0A 0H0 Attention: Deputy Registrar of Securities Telephone: (867) 975-6590

British Columbia British Columbia Securities Commission P.O. Box 10142, Pacific Centre 701 West Georgia Street Vancouver, BC V7Y 1L2 Attention: Freedom of Information Officer Telephone: (604) 899-6500 or (800) 373-6393 (in Canada)

OntarioOntario Securities Commission 22nd Floor 20 Queen Street West Toronto, ON M5H 3S8 Attention: Compliance and Registrant Regulation Telephone: (416) 593-8314 e-mail: [email protected]

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Manitoba The Manitoba Securities Commission 500 - 400 St. Mary Avenue Winnipeg, MB R3C 4K5 Attention: Director of Registrations Telephone: (204) 945-2548 Fax (204) 945-0330

Prince Edward IslandSecurities Office Department of Community Affairs and Attorney General P.O. Box 2000 Charlottetown, PE C1A 7N8 Attention: Deputy Registrar of Securities Telephone: (902) 368-6288

New Brunswick Financial and Consumer Services Commission of New Brunswick / Commission des services financiers et des services aux consommateurs du Nouveau-Brunswick Suite 300, 85 Charlotte Street Saint John, NB E2L 2J2 Attention: Director of Securities Telephone: (506) 658-3060

QuébecAutorité des marchés financiers 800, square Victoria, 22e étage C.P. 246, tour de la Bourse Montréal (Québec) H4Z 1G3 Attention: Responsable de l’accès à l’information Telephone: (514) 395-0337 or (877) 525-0337

Newfoundland and Labrador Superintendent of Securities, Service NL Government of Newfoundland and Labrador P.O. Box 8700 2nd Floor, West Block Confederation Building St. John's, NL A1B 4J6 Attention: Manager of Registrations Telephone: (709) 729-5661

SaskatchewanFinancial and Consumer Affairs Authority of Saskatchewan Suite 601, 1919 Saskatchewan Drive Regina, SK S4P 4H2 Attention: Deputy Director, Capital Markets Telephone: (306) 787-5871

Nova Scotia Nova Scotia Securities Commission Suite 400, 5251 Duke Street Halifax, NS B3J 1P3 Attention: Deputy Director, Capital Markets Telephone: (902) 424-7768

YukonGovernment of Yukon Superintendent of Securities Department of Community Services P.O. Box 2703 C-6 Whitehorse, YT Y1A 2C6 Attention: Superintendent of Securities Telephone: (867) 667-5314

Northwest Territories Government of the Northwest Territories Department of Justice 1st Floor Stuart M. Hodgson Building 5009 – 49th Street Yellowknife, NWT X1A 2L9 Attention: Deputy Superintendent of Securities Telephone: (867) 920-8984

Self-regulatory organization Investment Industry Regulatory Organization of Canada 121 King Street West, Suite 2000 Toronto, Ontario M5H 3T9 Attention: Privacy Officer Telephone: (416) 364-6133 E-mail: [email protected].


(a) adding “National Registration Database” after “National Instrument 31-102” in the second paragraph after the heading “How to submit this form”,

(b) replacing Item 1 with the following:

Item 1 Type of business location

Branch or business location

Sub-branch (Mutual Fund Dealers Association of Canada members only) ,

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(c) replacing Item 3 with the following:

Item 3 Business location information Business location address _____________________________________________

(a post office box is not a valid business location address) Mailing address (if different from business location address) _______________________ Telephone number (____) _________________ Fax number (____) _________________ E-mail address _______________________,

(d) replacing, in the second paragraph of Item 4, “SROs” with “SRO”, and “enforce their respective by-laws”

with “enforce its by-laws”, (e) replacing Item 5 with the following:


(f) adding the following at the end of the portion of the Form with the heading “Certification - NRD

format” in Item 6:

If the business location is a residence, the individual conducting business from that business location has completed a Form 33-109F4 Registration of Individuals and Review of Permitted Individuals certifying that they give their consent for the regulator or, in Québec, the securities regulatory authority to enter the residence for the administration of securities legislation and derivatives legislation, including commodity futures legislation.,

(g) replacing the first paragraph under the heading “Certification - Format other than NRD format” in Item

6 with the following:

By signing below, I certify to the securities regulator or, in Québec, the securities regulatory authority, in each jurisdiction where I am submitting this form for the firm, either directly or through the principal regulator, that:

• I have read this form and understand the questions, • all of the information provided on this form is true, and complete, and • if the business location specified in this form is a residence, the individual conducting

business from that business location has completed a Form 33-109F4 Registration of Individuals and Review of Permitted Individuals certifying that they give their consent for the regulator or, in Québec, the securities regulatory authority to enter the residence for the administration of securities legislation and derivatives legislation, including commodity futures legislation., and

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(h) replacing Schedule A with the following:

Schedule A














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(a) replacing the paragraph under the heading “GENERAL INSTRUCTIONS”, with the following:

Complete and submit this form to the relevant regulator(s) or in Québec, the securities regulatory authority, or self-regulatory organization (SRO) if an individual is seeking

• registration in individual categories, • to be reviewed as a permitted individual.

You are only required to submit one form even if you are applying to be registered in several categories. This form is also used if you are seeking to be reviewed as a permitted individual. A post office box is not acceptable as a valid business location address.,

(b) replacing the portion of the Form after the heading “Terms” and before the heading “How to submit

this form” with the following: In this form: “Approved person” means, in respect of a member (Member) of the Investment Industry Regulatory Organization of Canada (IIROC), an individual who is a partner, director, officer, employee or agent of a Member who is approved by IIROC or another Canadian SRO to perform any function required under any IIROC or other Canadian SRO by-law, rule, or policy; “Canadian Investment Manager designation” means the designation earned through the Canadian investment manager program prepared and administered by CSI Global Education Inc. and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program; “CFA Charter” means the charter earned through the Chartered Financial Analyst program prepared and administered by the CFA Institute and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program; “Derivatives” means financial instruments, such as futures contracts (including exchange traded contracts), futures options and swaps whose market price, value or payment obligations are derived from, or based on, one or more underlying interests. Derivatives can be in the form of instruments, agreements or securities; “Major shareholder” and “shareholder” mean a shareholder who, in total, directly or indirectly owns voting securities carrying 10 per cent or more of the votes carried by all outstanding voting securities; “Sponsoring firm” means the registered firm where you will carry out your duties as a registered or permitted individual; and “You”, “your” and “individual” mean the individual who is seeking registration or the individual who is filing this form as a permitted individual under securities legislation or derivatives legislation or both.,

(c) under the heading “NRD format”, deleting “You are only required to submit one form regardless of the

number of registration categories you are seeking.”, and replacing “securities regulation experience” with “securities law experience”,

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(d) replacing, in the second paragraph under the heading “Format, other than NRD format”, “Item” with “item”,

(e) replacing, in the third paragraph under the heading “Format, other than NRD format”, “securities regulation experience” with “securities law experience”, and “National Registration Database”, with “NRD”,

(f) replacing, in sections 2 and 3 of Item 1, “yes” with “Yes”, (g) adding the following at the end of Item 2:

3. Business e-mail address ,

(h) amending section 1 of Item 5 by

(i) replacing “no” with “No”, (ii) deleting “only in your principal jurisdiction” in paragraph (b), and (iii) replacing “,” with “.” after “in any jurisdiction of Canada”,

(i) amending Item 7 by

(i) in the first paragraph of section 1, replacing “A post office box is not acceptable” with “A post office box is not an acceptable address for service”, and

(ii) replacing “E-mail address, if available”, at the end of section 1, with “Business e-mail address”,

(j) replacing section 2 of Item 8 with the following:

2. Student numbers If you have a student number for a course that you successfully completed with one of the following organizations, provide it below: CSI Global Education: ________________________________ IFSE Institute: _______________________________________ Institute of Canadian Bankers (ICB): _____________________ CFA Institute: _______________________________________ Advocis: ___________________________________________ RESP Dealers Association of Canada: ________________________________ Other: __________________________________________________________,

(k) amending section 4 of Item 8 by (i) replacing “Not Applicable below” with “N/A”, (ii) replacing “36 month period” with “36-month period”, and (iii) replacing “yes” with “Yes”,

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(l) replacing Item 9 with the following:

Item 9 Location of employment 1. Provide the following information for your new sponsoring firm. If you will be working out of more than

one business location, provide the following information for the business location out of which you will be doing most of your business. If you are only filing this form because you are a permitted individual and you are not employed by, or acting as agent for, the sponsoring firm, select “N/A”.

NRD location number: ______________________________________ Unique Identification Number (optional): ________________________

Business location address: ______________________________________________________

(number, street, city, province, territory or state, country, postal code) Telephone number: (___)

Fax number: (___)

N/A 2. If the firm has a foreign head office, and/or you are not a resident of Canada, provide the address for

the business location in which you will be conducting most of your business. If you are only filing this form because you are a permitted individual and you are not employed by, or acting as agent for, the sponsoring firm, select “N/A”.

Business location address: _________________________________________________________

(number, street, city, province, territory or state, country, postal code) Telephone number: (___) _______________

Fax number: (___) ________________

N/A [The following under #3 “Type of business location”, #4 and #5 is for a Format other than NRD format only] 3. Type of business location:

Head office Branch or business location Sub-branch (members of the Mutual Fund Dealers Association of Canada only)

4. Name of supervisor or branch manager: 5. Check here if the mailing address of the business location is the same as the business

location address provided above. Otherwise, complete the following: Mailing address: ________________________________________________________ (number, street, city, province, territory or state, country, postal code),

(m) replacing Item 10 with the following:

Item 10 Current employment, other business activities, officer positions held and directorships

Complete a separate Schedule G for each of your current business and employment activities, including employment and business activities with your sponsoring firm and any employment and business activities outside your sponsoring firm. Also include all officer or director positions and any other equivalent positions held, as well as positions of influence. The information must be provided

• whether or not you receive compensation for such services, and

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• whether or not any such position is business related.,

(n) replacing Item 11 with the following: Item 11 Previous employment and other activities On Schedule H, complete your history of employment and other activities for the past 10 years.,

(o) amending Item 12 by adding a “,” after “Schedule I”, wherever it appears, (p) amending Item 13 as follows:

(i) adding “The questions below relate to any jurisdiction of Canada and any foreign jurisdiction.” after the heading “Item 13 Regulatory disclosure”,

(ii) deleting “in any province, territory, state or country” wherever these words appear, and (iii) replacing, in paragraph (c) of section 1, “8(3)” with “8.3”,

(q) replacing Item 14 with the following:

Item 14 Criminal disclosure The questions below apply to offences committed in any jurisdiction of Canada and any foreign jurisdiction. You must disclose all offences, including:

• a criminal offence under federal statutes such as the Criminal Code (Canada), Income Tax Act (Canada), the Competition Act (Canada), Immigration and Refugee Protection Act (Canada) and the Controlled Drugs and Substances Act (Canada), even if

o a record suspension has been ordered under the Criminal Records Act (Canada) o you have been granted an absolute or conditional discharge under the Criminal

Code (Canada), and

• a criminal offence, with respect to questions 14.2 and 14.4, of which you or your firm has been found guilty or for which you or your firm have participated in the alternative measures program within the previous three years, even if a record suspension has been ordered under the Criminal Records Act (Canada)

You are not required to disclose:

• charges for summary conviction offences that have been stayed for six months or more, • charges for indictable offences that have been stayed for a year or more, • offences under the Youth Criminal Justice Act (Canada), and • speeding or parking violations.

Subject to the exceptions above: 1. Are there any outstanding or stayed charges against you alleging a criminal offence that was

committed?

Yes No

If “Yes”, complete Schedule K, Item 14.1. 2. Have you ever been found guilty, pleaded no contest to, or been granted an absolute or conditional

discharge from any criminal offence that was committed?

Yes No

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If “Yes”, complete Schedule K, Item 14.2. 3. To the best of your knowledge, are there any outstanding or stayed charges against any firm of

which you were, at the time the criminal offence was alleged to have taken place, a partner, director, officer or major shareholder?

Yes No

If “Yes”, complete Schedule K, Item 14.3.

4. To the best of your knowledge, has any firm, when you were a partner, officer, director or major

shareholder, ever been found guilty, pleaded no contest to or been granted an absolute or conditional discharge from a criminal offence that was committed?

Yes No If “Yes”, complete Schedule K, Item 14.4.,

(r) amending Item 15 as follows:

(i) adding “The questions below relate to any jurisdiction of Canada and any foreign jurisdiction.” after the heading “Item 15 Civil disclosure”, and

(ii) deleting “in any province, territory, state or country” wherever these words appear,

(s) replacing, in section 2 of Item 16, “$5,000” wherever it appears, with “$10,000”,

(t) amending Item 20 as follows:

(i) in the second sentence of the second paragraph under the heading “SROs”, replacing

“protected by law such as, police” with “protected by law such as police”, and

(ii) replacing the first sentence of the last paragraph of Item 20 with the following:

You certify that you have discussed the questions in this form, together with this Agreement, with an Officer, Supervisor or Branch Manager of your sponsoring member firm and, to your knowledge and belief, the authorized Officer, Supervisor or Branch Manager was satisfied that you fully understood the questions and the terms of this Agreement.,

(u) replacing Item 21 with the following:


(v) amending Item 22 as follows:

(i) adding the following after the last sentence of the first paragraph of section 1:

If the business location specified in this form is a residence, I hereby give my consent for the regulator or, in Québec, the securities regulatory authority to enter that residence for the administration of securities legislation and derivatives legislation, including commodity futures legislation.,

(ii) adding “and the certification above” after “provided me with all of the information on this form” in the last paragraph of section 1, and

(iii) replacing, in the “Individual” section of “Certification - Format other than NRD format”, the

first paragraph with the following:

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By signing below, I certify to the regulator, or in Québec the securities regulatory authority, in each jurisdiction where I am filing or submitting this form, either directly or through the principal regulator, that:

• I have read this form and understand the questions, • all of the information provided on this form is true, and complete, and • if the business location specified in this form is a residence, I hereby give my

consent for the regulator or, in Québec, the securities regulatory authority to enter that residence for the administration of securities legislation and derivatives legislation, including commodity futures legislation.

Signature of individual _________________ Date ________________ ,

(w) amending Schedule A by

(i) replacing “?” with “:” after “(for example, marriage, divorce, court order, commonly used name or nickname)” in Item 1.2 wherever it occurs,

(ii) deleting “?” after “(for example, trade name or team name)” in Item 1.3 under the

heading “Name 1:”, (iii) replacing “N\A” with “N/A” in Item 1.3 under the heading “Name 1:”, and (iv) adding “N/A “ after “No “ in Item 1.3 under the headings “Name 2:” and “Name

3:”, (x) amending Schedule C by

(i) adding “[ ] permitted individual” between “[ ] Chief Compliance Officer” and “[ ] Officer – Specify title:” in “Categories common to all jurisdictions under securities legislation – Individual categories and permitted activities”,

(ii) replacing “[ ] Floor Trader” with “[ ] Floor Broker” in “Manitoba - Individual categories

and permitted activities”, and (iii) replacing the section for “Québec” with the following:

Quebec Firm categories [ ] Derivatives Dealer [ ] Derivatives Portfolio Manager Individual categories and permitted activities [ ] Derivatives Dealing Representative [ ] Derivatives Advising Representative [ ] Derivatives Associate Advising Representative,

(y) amending Schedule D by replacing “E-mail address” in Item 7.1 with “Business e-mail address” ,

(z) amending Schedule E by replacing the text after the table with the following:

If you have listed the CFA Charter in Item 8.1, please indicate by checking “Yes” below if you are a current member of the CFA Institute permitted to use this charter.

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Yes No

If “No”, please explain why you no longer hold this designation: _____________________________________________________________________________

If you have listed the Canadian Investment Manager Designation in Item 8.1, please indicate by checking “Yes” below if you are currently permitted to use this designation.

Yes No

If “No”, please explain why you no longer hold this designation: _____________________________________________________________________________

(aa) amending Item 8.4 of Schedule F by replacing the last paragraph with the following: Indicate the continuing education activities in which you have participated during the last 36 months and that are relevant to the category of registration you are applying for:,

(ab) amending Schedule G as follows:

(i) replacing the first paragraph with the following:


• whether or not you receive compensation for such services, and • whether or not any such position is business related.,

(ii) deleting “with this firm” after “include details” in the paragraph under the heading “3.

Description of duties”, and (iii) adding “.” at the end of the sentence in paragraph D. under the heading “5. Conflicts of

interest”,

(ac) amending Schedule J by replacing, in paragraph (c) of Item 13.1, “8(3)” with “8.3”, (ad) amending Item 14.2 and Item 14.4 of Schedule K by adding “,” after “discharge from a criminal offence”,

(ae) amending Schedule M (ii) by adding “the” after “including why” in Item 16.2,

(af) amending Schedule N as follows:

(i) replacing, in the first paragraph, “Firm name:” with the following:

Name of firm (whose business is trading in or advising on securities or derivatives, or both): ________________________________________________________, and

(ii) replacing, in paragraph (g), “if applicable” with “N/A “ wherever it appears, and

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(ag) replacing Schedule O with the following:

Schedule O














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(2015), 38 OSCB 326




(a) replacing the numbers with bullet points in the first paragraph after the heading “GENERAL INSTRUCTIONS”,

(b) replacing “[National Registration Database]” with “National Registration Database” in paragraph (b) after

the heading “How to submit this form”, (c) replacing, in the second paragraph of Item 3, “SROs” with “SRO”, and “enforce their respective by-laws”

with “enforce its by-laws”, (d) replacing Item 4 with the following:

Item 4 Warning

It is an offence under securities legislation and derivatives legislation, including commodity futures legislation, to give false or misleading information on this form.,

(e) adding in paragraph 3. of Item5 “National Registration Database” after “NI 31-102”, and

(f) replacing Schedule A with the following:

Schedule A

Contact information for

Notice of collection and use of personal information







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(a) replacing “Firm registration” with “Firm Registration” in the title of Form 33-109F6,

(b) adding “In this form:” immediately after the heading “Definitions”,

(c) replacing “Principal Regulator” with “Principal regulator” in the list under the heading “Definitions”, (d) replacing “Submission to Jurisdiction and Appointment of Agent for Service” with “Submission to jurisdiction

and appointment of agent for service” in section 1 of the portion of the Form after the heading “Contents of the form”,

(e) replacing section 2 of the portion of the Form after the heading “Contents of the form” with the following: 2. Business plan, policies and procedures manual, and client agreements (except in Ontario) (question

3.3), (f) replacing, in the penultimate paragraph of the portion of the Form after the heading “How to complete

and submit the form”, “which” with “that”,

(g) replacing the last paragraph of the portion of the Form after the heading “How to complete and submit the form” with the following: It is an offence under securities legislation and derivatives legislation, including commodity futures legislation, to give false or misleading information on this form.,

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(h) deleting the “*” after question “5.5” in the third paragraph of section 1.3,

(i) amending section 2.2 as follows: (i) adding “location” after “business” in paragraph (a) wherever it appears, and (ii) replacing paragraph (b) with the following:

(b) If a firm is not registered in a jurisdiction of Canada, indicate the jurisdiction of Canada in which the firm expects to conduct most of its activities that require registration as at the end of its current financial year or conducted most of its activities that require registration as at the end of its most recently completed financial year.,

(j) replacing “Submission to Jurisdiction and Appointment of Agent for Service” with “Submission to jurisdiction

and appointment of agent for service” in section 2.4,

(k) replacing sections 2.5 and 2.6 with the following:

A registered firm must have an individual registered in the category of ultimate designated person.

2.5 Ultimate designated person

Legal name Officer title Telephone number E-mail address NRD number, if available Address

Same as firm head office address Address line 1 Address line 2

City

Province/territory/state

Country

Postal/zip code

A registered firm must have an individual registered in the category of chief compliance officer.

2.6 Chief compliance officer Same as ultimate designated person


Same as firm head office address

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(2015), 38 OSCB 329

Address line 1 Address line 2 City


Country

Postal/zip code

(l) replacing the third paragraph of section 3.3 with the following:

Attach the firm’s business plan, policies and procedures manual and client agreements, including any investment policy statements and investment management agreements, except if the regulator in Ontario is the principal regulator of the firm seeking registration, unless the regulator in Ontario has requested they be provided.,

(m) adding “.” at the end of the second bullet in section 5.1,

(n) replacing “all jurisdiction” with “all jurisdictions” in the second paragraph of Item 5.4, (o) adding the following guidance for section 5.6:

This information is required only if the firm is applying for registration in Québec as a mutual fund dealer or as a scholarship plan dealer.,

(p) replacing the first paragraph of Part 9 with the following:


(q) replacing Schedule A with the following:

Schedule A

Contact information for






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(r) amending Schedule B by replacing “Submission to Jurisdiction and Appointment of Agent for Service” with

“Submission to jurisdiction and appointment of agent for service” in sections 7 and 8, and under the heading “Acceptance”, wherever these terms appear, and

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(s) replacing Schedule C with the following:

Schedule C

FORM 31-103F1 CALCULATION OF EXCESS WORKING CAPITAL

______________________________________ Firm Name

Capital Calculation

(as at ________________ with comparative figures as at ______________)

Component

Current period Prior period

1.

Current assets

2.

Less current assets not readily convertible into cash (e.g., prepaid expenses)

3.

Adjusted current assets Line 1 minus line 2 =

4.

Current liabilities

5.


6.

Adjusted current liabilities Line 4 plus line 5 =

7.

Adjusted working capital Line 3 minus line 6 =

8.

Less minimum capital

9.

Less market risk

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10.

Less any deductible under the bonding or insurance policy required under Part 12 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations

11.

Less Guarantees

12.

Less unresolved differences

13.

Excess working capital

Notes: Form 31-103F1 Calculation of Excess Working Capital must be prepared using the accounting principles that you use to prepare your financial statements in accordance with National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards. Section 12.1 of Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations provides further guidance in respect of these accounting principles. Line 5. Related-party debt – Refer to the CICA Handbook for the definition of “related party” for publicly accountable enterprises. The firm is required to deliver a copy of the executed subordination agreement to the regulator or, in Québec, the securities regulatory authority on the earlier of a) 10 days after the date the agreement is executed or b) the date an amount subordinated by the agreement is excluded from its calculation of excess working capital on Form 31-103F1 Calculation of Excess Working Capital. The firm must notify the regulator or, in Québec, the securities regulatory authority, 10 days before it repays the loan (in whole or in part), or terminates the subordination agreement. See section 12.2 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations. Line 8. Minimum Capital – The amount on this line must be not less than (a) $25,000 for an adviser and (b) $50,000 for a dealer. For an investment fund manager, the amount must be not less than $100,000 unless subsection 12.1(4) of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations applies. Line 9. Market Risk – The amount on this line must be calculated according to the instructions set out in Schedule 1 to Form 31-103F1 Calculation of Excess Working Capital. A schedule supporting the calculation of any amounts included in Line 9 as market risk should be provided to the regulator or, in Québec, the securities regulatory authority in conjunction with the submission of Form 31-103F1 Calculation of Excess Working Capital. Line 11. Guarantees – If the registered firm is guaranteeing the liability of another party, the total amount of the guarantee must be included in the capital calculation. If the amount of a guarantee is included in the firm’s statement of financial position as a current liability and is reflected in line 4, do not include the amount of the guarantee on line 11. Line 12. Unresolved differences – Any unresolved differences that could result in a loss from either firm or client assets must be included in the capital calculation. The examples below provide guidance as to how to calculate unresolved differences:

(i) If there is an unresolved difference relating to client securities, the amount to be reported on Line 12 will be equal to the fair value of the client securities that are short, plus the applicable margin rate for those securities.

(ii) If there is an unresolved difference relating to the registrant's investments, the amount to be reported on Line

12 will be equal to the fair value of the investments (securities) that are short. (iii) If there is an unresolved difference relating to cash, the amount to be reported on Line 12 will be equal to the

amount of the shortfall in cash. Please refer to section 12.1 of Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations for further guidance on how to prepare and file Form 31-103F1 Calculation of Excess Working Capital.

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Management Certification Registered Firm Name: ____________________________________________ We have examined the attached capital calculation and certify that the firm is in compliance with the capital

requirements as at ______________________________.

Name and Title Signature Date 1. ___________________ ______________________ 2. ______________________ ______________________

_________________________ _________________________

________________________ ________________________

Schedule 1 of Form 31-103F1 Calculation of Excess Working Capital

(calculating line 9 [market risk]) For purposes of completing this form: (1) “Fair value” means the value of a security determined in accordance with Canadian GAAP applicable to publicly

accountable enterprises. (2) For each security whose value is included in line 1, Current Assets, multiply the fair value of the security by the margin

rate for that security set out below. Add up the resulting amounts for all of the securities you hold. The total is the “market risk” to be entered on line 9. (a) Bonds, Debentures, Treasury Bills and Notes

(i) Bonds, debentures, treasury bills and other securities of or guaranteed by the Government of Canada, of the United Kingdom, of the United States of America and of any other national foreign government (provided such foreign government securities are currently rated Aaa or AAA by Moody's Canada Inc. or its DRO affiliate, or Standard & Poor's Rating Services (Canada) or its DRO affiliate, respectively), maturing (or called for redemption):

within 1 year: 1% of fair value multiplied by the fraction determined by dividing the number of days to maturity by 365

over 1 year to 3 years: 1 % of fair value

over 3 years to 7 years: 2% of fair value


over 11 years: 4% of fair value (ii) Bonds, debentures, treasury bills and other securities of or guaranteed by any jurisdiction of Canada

and obligations of the International Bank for Reconstruction and Development, maturing (or called for redemption):

within 1 year: 2% of fair value multiplied by the fraction determined by

dividing the number of days to maturity by 365




over 11 years: 5% of fair value

(iii) Bonds, debentures or notes (not in default) of or guaranteed by any municipal corporation in Canada or the United Kingdom maturing:

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over 11 years: 5% of fair value (iv) Other non-commercial bonds and debentures (not in default): 10% of fair value (v) Commercial and corporate bonds, debentures and notes (not in default) and non-negotiable and non-

transferable trust company and mortgage loan company obligations registered in the registered firm’s name maturing:

within 1 year: 3% of fair value




over 11 years: 10% of fair value (b) Bank Paper

Deposit certificates, promissory notes or debentures issued by a Canadian chartered bank (and of Canadian chartered bank acceptances) maturing:

within 1 year: 2% of fair value multiplied by the fraction determined by dividing

the number of days to maturity by 365

over 1 year: apply rates for commercial and corporate bonds, debentures and notes

(c) Acceptable foreign bank paper

Deposit certificates, promissory notes or debentures issued by a foreign bank, readily negotiable and transferable and maturing:



over 1 year: apply rates for commercial and corporate bonds, debentures and notes

“Acceptable Foreign Bank Paper” consists of deposit certificates or promissory notes issued by a bank other than a Canadian chartered bank with a net worth (i.e., capital plus reserves) of not less than $200,000,000.

(d) Mutual Funds

Securities of mutual funds qualified by prospectus for sale in any jurisdiction of Canada:

(i) 5% of the net asset value per security as determined in accordance with National Instrument 81-106 Investment Fund Continuous Disclosure, where the fund is a money market mutual fund as defined in National Instrument 81-102 Investment Funds; or

(ii) the margin rate determined on the same basis as for listed stocks multiplied by the net asset

value per security of the fund as determined in accordance with National Instrument 81-106 Investment Fund Continuous Disclosure.

Securities of mutual funds qualified by prospectus for sale in the United States of America: 5% of the net asset value per security if the fund is registered as an investment company under the Investment Companies Act of 1940, as amended from time to time, and complies with Rule 2a-7 thereof.

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(e) Stocks

In this paragraph, “securities” includes rights and warrants and does not include bonds and debentures. (i) On securities including investment fund securities, rights and warrants, listed on any exchange in

Canada or the United States of America:

Long Positions – Margin Required Securities selling at $2.00 or more – 50% of fair value

Securities selling at $1.75 to $1.99 – 60% of fair value


Securities selling under $1.50 – 100% of fair value

Short Positions – Credit Required

Securities selling at $2.00 or more – 150% of fair value

Securities selling at $1.50 to $1.99 – $3.00 per share Securities selling at $0.25 to $1.49 – 200% of fair value Securities selling at less than $0.25 – fair value plus $0.25 per share

(ii) For positions in securities that are constituent securities on a major broadly-based index of one of the following exchanges, 50% of the fair value:

(a) Australian Stock Exchange Limited

(b) Bolsa de Madrid

(c) Borsa Italiana

(d) Copenhagen Stock Exchange

(e) Euronext Amsterdam

(f) Euronext Brussels

(g) Euronext Paris S.A.

(h) Frankfurt Stock Exchange

(i) London Stock Exchange

(j) New Zealand Exchange Limited

(k) Stockholm Stock Exchange

(l) SIX Swiss Exchange

(m) The Stock Exchange of Hong Kong Limited

(n) Tokyo Stock Exchange

(f) Mortgages

(i) For a firm registered in any jurisdiction of Canada except Ontario:

(a) Insured mortgages (not in default): 6% of fair value

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(b) Mortgages which are not insured (not in default): 12% of fair value. (ii) For a firm registered in Ontario:

(a) Mortgages insured under the National Housing Act (Canada) (not in default): 6% of fair

value (b) Conventional first mortgages (not in default): 12% of fair value.

If you are registered in Ontario regardless of whether you are also registered in another jurisdiction of Canada, you will need to apply the margin rates set forth in (ii) above.

(g) For all other securities – 100% of fair value..


(a) replacing the first sentence after the heading “GENERAL INSTRUCTIONS” with the following: Complete and submit this form to the relevant regulator(s) or in Québec, the securities regulatory authority, or self-regulatory organization (SRO) if an individual has left a sponsoring firm and is seeking to reinstate their registration in one or more of the same categories or reinstate their same status of permitted individual as before with a sponsoring firm.,

(b) replacing “end of three months” with “90th day” in section 1 after the heading “GENERAL

INSTRUCTIONS”,

(c) adding “other than changes to Item 13.3(c)” after “Items 13 (Regulatory Disclosure)” in section 2 after the heading “GENERAL INSTRUCTIONS”,

(d) in the last paragraph after the heading “Terms”, replacing “[Registration of Individuals and Review of

Permitted Individuals]” with “Registration of Individuals and Review of Permitted Individuals” and deleting “or elsewhere in the securities legislation of your province or territory. Please refer to those definitions”,

(e) adding “with securities law experience” after “legal adviser” in the paragraph after the heading “NRD

format” and in the third paragraph after the heading “Format, other than NRD format”,

(f) replacing “If “yes”“ with “If “Yes”“ in the last sentence of section 4 of Item 1, (g) replacing “E-mail address, if available” in section 1 of Item 4 with “Business e-mail address”, (h) replacing Item 5 with the following:

Item 5 Location of employment 1. Provide the following information for your new sponsoring firm. If you will be working out of more than

one business location, provide the following information for the business location out of which you will be doing most of your business. If you are only filing this form because you are a permitted individual and are not employed by, or acting as agent for, the sponsoring firm, select “N/A”. Unique Identification Number (optional): ___________ NRD location number: __________________________ Business location address: _____________________________________________________ (number, street, city, province, territory or state, country, postal code) Telephone number: (____) Fax number: (____) N/A

2. If the new sponsoring firm has a foreign head office, and/or you are not a resident of Canada, provide the address for the business location in which you will be conducting most of your business. If you

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(2015), 38 OSCB 337

are only filing this form because you are a permitted individual and are not employed by, or acting as agent for, the sponsoring firm, select “N/A”. Business location address: _____________________________________________________ (number, street, city, province, territory or state, country, postal code) Telephone number: (____) Fax number: (____) N/A [The following under #3 “Type of business location”, #4 and #5 is for a Format other than NRD format only]

3. Type of business location:

Head office Branch or business location Sub-branch (Mutual Fund Dealers Association of Canada members only)

4. Name of supervisor or branch manager: ________________________ 5. Check here if the mailing address of the business location is the same as the

business location address provided above. Otherwise, complete the following: Mailing address:____________________________________________________ (number, street, city, province, territory or state, country, postal code),

(i) replacing Item 7 with the following: Item 7 Current employment, other business activities, officer positions held and directorships Name of your new sponsoring firm: _________________________ Complete a separate Schedule D for each of your current business and employment activities, including employment and business activities with your new sponsoring firm and any employment and business activities outside your new sponsoring firm. Also include all officer or director positions and any other equivalent positions held, as well as positions of influence. The information must be provided



(j) adding “, other than changes to Item 13.3(c)” after “Regulatory disclosure (Item 13” in section 1 of Item 9,

(k) replacing “ ‘Reactivation of Registration’ “ with “ “Reactivation of Registration” “ in the second paragraph of section 2 of Item 9,



(m) replacing section 1 of Item 12 with the following:

1. Certification - NRD format: I confirm I have discussed the questions in this form with an officer, branch manager or supervisor of

my sponsoring firm. To the best of my knowledge, the officer, branch manager or supervisor was satisfied that I fully understood the questions. I will limit my activities to those permitted by my category of registration. If the business location specified in this form is a residence, I hereby give my consent for the regulator or, in Québec, the securities regulatory authority to enter that residence for

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the administration of securities legislation and derivatives legislation, including commodity futures legislation.

I am making this submission as agent for the individual. By checking this box, I certify that

the individual provided me with all of the information on this form and the certification above.,

(n) in section 2 of Item 12, replacing the portion of the Form after the heading “Individual” and before the

heading “Authorized partner or officer of the new sponsoring firm” with the following:

By signing below, I certify to the regulator, or in Québec the securities regulatory authority, in each jurisdiction where I am submitting this form, either directly or through the principal regulator that:

• I have read the form and understand the questions, • all of the information provided on this form is true, and complete, and • if the business location specified in this form is a residence, I hereby give my consent for the

regulator or, in Québec, the securities regulatory authority to enter that residence for the administration of securities legislation and derivatives legislation, including commodity futures legislation.

Signature of individual _________________________ Date signed______________ (YYYY/MM/DD),

(o) amending Schedule B as follows:

(i) adding “[ ] Permitted Individual” between “[ ] Chief Compliance Officer” and “[ ] Officer – Specify title:” in “Categories common to all jurisdictions under securities legislation – Individual categories and permitted activities”,

(ii) replacing “[ ] Floor Trader” with “[ ] Floor Broker” in “Manitoba - Individual categories and

permitted activities”, and (iii) replacing the section for “Québec” with the following:

Québec Firm categories [ ] Derivatives Dealers [ ] Derivatives Portfolio Manager Individual categories and permitted activities [ ] Derivatives Dealing Representative [ ] Derivatives Advising Representative [ ] Derivatives Associate Advising Representative,

(p) amending Schedule C by replacing “E-mail address” in Item 4.1 with “Business e-mail address”,

(q) amending Schedule D as follows:


Complete a separate Schedule D for each of your current business and employment activities, including employment and business activities with your new sponsoring firm and any employment and business activities outside your new sponsoring firm. Also include all officer or director positions and any other equivalent positions held, as well as positions of influence. The information must be provided

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(2015), 38 OSCB 339

• whether or not you receive compensation for such services, and • whether or not any such position is business related., and


Description of duties”,

(iii) renumbering paragraph D in section 5 as paragraph E, and (iv) adding the following paragraph in section 5:

D. State the name of the person at your sponsoring firm who has reviewed and approved your

multiple employment or business related activities or proposed business related activities. _________________________________________________________ _________________________________________________________ _________________________________________________________,

(r) amending Schedule E by (i) replacing the title of the Schedule “Ownership of securities and derivatives firms (Item 8)”

with “Ownership of securities in new sponsoring firm (Item 8)”, (ii) adding, after “Firm name” in the first paragraph, “(whose business is trading in or advising on

securities or derivatives, or both)”, and (iii) replacing, in paragraph (g), “if applicable” with “N/A “ wherever it appears, and

(s) replacing Schedule F with the following:

Schedule F






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Coming into force 16. This Instrument comes into force on January 11, 2015.

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(2015), 38 OSCB 341

5.1.3 Amendments to NI 52-107 Acceptable Accounting Principles and Auditing Standards

AMENDMENTS TO NATIONAL INSTRUMENT 52-107 ACCEPTABLE ACCOUNTING PRINCIPLES AND AUDITING STANDARDS

1. National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards is amended by this Instrument.


(a) adding, at the end of subsection (1), “that are subject to National Instrument 81-106 Investment Fund Continuous Disclosure in respect of their reporting requirements as investment funds”, and

(b) replacing, in paragraph (2)(a), “National Instrument 31-103 Registration Requirements and Exemptions”

with “National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations”.


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(2015), 38 OSCB 342

5.1.4 Amendments to NI 23-102 Use of Client Brokerage Commissions, NI 24-101 Institutional Trade Matching and Settlement, NI 81-107 Independent Review Committee for Investment Funds, and MI 11-102 Passport System

AMENDMENTS TO SPECIFIED INSTRUMENTS

1. National Instrument 23-102 Use of Client Brokerage Commissions, National Instrument 24-101 Institutional

Trade Matching and Settlement, National Instrument 81-107 Independent Review Committee for Investment Funds, Multilateral Instrument 11-102 Passport System, and are amended by this Instrument.

2. The Instruments named in section 1 are amended by replacing “National Instrument 31-103 Registration

Requirements” with “National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations” wherever it occurs.

3. This Instrument comes into force on January 11, 2015.

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5.1.5 Amendments to Companion Policy 45-501CP Ontario Prospectus and Registration Exemptions, OSC Rule 91-501 Strip Bonds, OSC Rule 91-502 Trades in Recognized Options

AMENDMENTS TO SECURITIES LEGISLATION IN ONTARIO

In Ontario, effective January 11, 2015, we will make the following consequential amendments:

• Companion Policy 45-501CP Ontario Prospectus and Registration Exemptions:

Section 2.1 is amended by replacing “National Instrument 31-103 Registration Requirements and Exemptions (NI 31-103) (upon NI 31-103 coming into force)” with “National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103)”.

• OSC Rule 91-501 Strip Bonds:

Subsection 2.1(1) is amended by replacing “National Instrument 31-103 Registration Requirements and Exemptions” with “National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations”.

• OSC Rule 91-502 Trades in Recognized Options:

Subsection 2.2(1) is amended by replacing “National Instrument 31-101 Registration Requirements and Exemptions” with “National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations”.

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(2015), 38 OSCB 344

5.1.6 Amendments to OSC Rule 33-506 (Commodity Futures Act) Registration Information

AMENDMENTS TO ONTARIO SECURITIES COMMISSION RULE 33-506

(COMMODITY FUTURES ACT) REGISTRATION INFORMATION 1. Ontario Securities Commission Rule 33-506 (Commodity Futures Act) Registration Information is amended by

this Instrument. 2. Section 1.1 is amended by (a) adding the following definition:

“business location” means a location where the firm carries out an activity that requires registration, and includes a residence if regular and ongoing activity that requires registration is carried out from the residence or if records relating to an activity that requires registration are kept at the residence;,

(b) replacing the definition of “cessation date” with the following:

“cessation date” means the last day on which an individual had authority to act as a registered individual on behalf of their sponsoring firm or was a permitted individual of their sponsoring firm, because of the end of, or a change in, the individual’s employment, partnership, or agency relationship with the firm;, and

(c) replacing the definition of “permitted individual” with the following:

“permitted individual” means (a) a director, chief executive officer, chief financial officer, or chief operating officer of a firm, or a

functional equivalent of any of those positions, (b) an individual who has beneficial ownership of, or direct or indirect control or direction over, 10 percent

or more of the voting securities of a firm, or (c) a trustee, executor, administrator, or other personal or legal representative, that has direct or indirect

control or direction over 10 percent or more of the voting securities of a firm;. 3. Subsection 2.3(2) is amended by

(a) adding “(other than Item 13.3(c))” after “[Regulatory disclosure]” in subparagraph (c)(i), and

(b) replacing paragraph (d) with the following:

(d) the individual is seeking reinstatement with a sponsoring firm in one or more of the same categories of registration in which the individual was registered on the cessation date;.

4. Section 3.1 is amended by replacing, in subsection (1), “subsections” with “subsection”. 5. Section 3.1 is amended by replacing “for” with “approving” in subparagraph (3)(d)(iii). 6. Subsection 4.1(5) is amended by

(a) replacing “;” with “,” at the end of paragraphs (a) and (b), (b) replacing “.” with “, or” at the end of paragraph (c), and

(c) adding the following paragraph:

(d) any information on Schedule C of Form 33-506F4..

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(2015), 38 OSCB 345

7. Section 4.3 is amended by (a) in paragraphs (2)(a) and (2)(b), replacing “subsection” with “paragraph”, and (b) in paragraph (4)(b), replacing “subsection” with “paragraph”. 8. Part 8 is amended by replacing the title with “Effective date”. 9. The title of all schedules to forms of Ontario Securities Commission Rule 33-506 (Commodity Futures Act)

Registration Information is amended by replacing “SCHEDULE”, wherever this word appears, with “Schedule”. 10. Form 33-506F1 is amended by

(a) replacing the paragraph after the heading “Terms” with the following:

In this form, “cessation date” (or “effective date of termination”) means the last day on which an individual had authority to act as a registered individual on behalf of their sponsoring firm or the last day on which an individual was a permitted individual of their sponsoring firm, because of the end of, or a change in, the individual’s employment, partnership, or agency relationship with the firm.,

(b) replacing “termination date” with “cessation date” in the second paragraph after the heading “When to

submit the form”, (c) in Item 3, replacing “Address” with “Business location address”, (d) in section 1 of Item 4 under “Cessation date / Effective date of termination”, replacing the sentence with

the following:

This is the last day that the individual had authority to act in a registerable capacity on behalf of the firm, or the last day that the individual was a permitted individual.,

(e) adding, at the end of section 2 of Item 4, the following:

If “Other”, explain: _______________________________________, (f) adding, in section 8 of Item 5, “or materially” after “Did the individual repeatedly”, and (g) replacing Item 7 with the following:

Item 7 Warning It is an offence under securities legislation and derivatives legislation, including commodity futures legislation, to give false or misleading information on this form..


(a) adding “or provide notice of other changes to the information on Schedule C of Form 33-506F4” at the end of the sentence after the heading “GENERAL INSTRUCTIONS”,

(b) replacing section 1 of Item 2 with the following:

1. Are you filing this form under the passport system / interface for registration?

Choose “No” if you are registered in (a) only one jurisdiction of Canada (b) more than one jurisdiction of Canada and you are requesting a surrender in a non-principal

jurisdiction or jurisdictions, but not in your principal jurisdiction, or (c) more than one jurisdiction of Canada and you are requesting a change only in your principal

jurisdiction. Yes No ,

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(2015), 38 OSCB 346

(c) deleting “of individual categories of registration” in section 2 of Item 2, (d) replacing “36 month period” with “36-month period” in section 3 of Item 4, (e) replacing “ “Not Applicable” above” with “ “N/A” “ in section 3 of Item 4, (f) replacing “yes” with “Yes” in section 3 of Item 4, (g) adding, in Item 5, “registration” before “category”, (h) amending Item 6 by replacing “Schedule A” with “Schedule B” wherever this expression appears, and

replacing, in the second paragraph, “SROs” with “SRO” and “enforce their respective by-laws” with “enforce its by-laws”,

(i) replacing Item 7 with the following:


(j) in Schedule A, replacing the third paragraph with the following:

Indicate the continuing education activities in which you have participated during the last 36 months and that are relevant to the category of registration you are applying for:, and

(k) replacing Schedule B with the following:

Schedule B Contact information for







Prince Edward Island Securities Office Department of Community Affairs and Attorney General P.O. Box 2000 Charlottetown, PE C1A 7N8 Attention: Deputy Registrar of Securities Telephone: (902) 368-6288

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(2015), 38 OSCB 347



Newfoundland and LabradorSuperintendent of Securities, Service NL Government of Newfoundland and Labrador P.O. Box 8700 2nd Floor, West Block Confederation Building St. John's, NL A1B 4J6 Attention: Manager of Registrations Telephone: (709) 729-5661







(a) replacing Item 1 with the following:

Item 1 Type of business location Branch or business location

Sub-branch (Mutual Fund Dealers Association of Canada members only) ,

(b) replacing Item 3 with the following:

Item 3 Business location information Business location address ______________________________________________ (a post office box is not a valid business location address) Mailing address (if different from business location address) _______________________ Telephone number (____) _________________ Fax number (____) _________________ E-mail address _______________________,

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(c) replacing, in the second paragraph of Item 4, “SROs” with “SRO”, and “enforce their respective by-laws” with “enforce its by-laws”,

(d) replacing Item 5 with the following:


(e) adding the following at the end of the portion of the Form with the heading “Certification - NRD

format” in Item 6:

If the business location is a residence, the individual conducting business from that business location has completed a Form 33-506F4 Registration of Individuals and Review of Permitted Individuals certifying that they give their consent for the regulator or, in Québec, the securities regulatory authority to enter the residence for the administration of securities legislation and derivatives legislation, including commodity futures legislation.,

(f) replacing the first paragraph under the heading “Certification - Format other than NRD format” in Item

6 with the following:

By signing below, I certify to the securities regulator or, in Québec, the securities regulatory authority, in each jurisdiction where I am submitting this form for the firm, either directly or through the principal regulator, that:

• I have read this form and understand the questions,

• all of the information provided on this form is true, and complete, and

• if the business location specified in this form is a residence, the individual conducting business from that business location has completed a Form 33-506F4 Registration of Individuals and Review of Permitted Individuals certifying that they give their consent for the regulator or, in Québec, the securities regulatory authority to enter the residence for the administration of securities legislation and derivatives legislation, including commodity futures legislation., and

(g) replacing Schedule A with the following:

Schedule A






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(2015), 38 OSCB 349












(a) replacing the paragraph under the heading “GENERAL INSTRUCTIONS” with the following:

Complete and submit this form to the relevant regulator(s) or in Québec, the securities regulatory authority, or self-regulatory organization (SRO) if an individual is seeking

• registration in individual categories, • to be reviewed as a permitted individual.

You are only required to submit one form even if you are applying to be registered in several categories. This form is also used if you are seeking to be reviewed as a permitted individual. A post office box is not acceptable as a valid business location address.,

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(2015), 38 OSCB 350

(b) replacing the portion of the Form after the heading “Terms” and before the heading “How to submit this form” with the following:

In this form: “Approved person” means, in respect of a member (Member) of the Investment Industry Regulatory Organization of Canada (IIROC), an individual who is a partner, director, officer, employee or agent of a Member who is approved by IIROC or another Canadian SRO to perform any function required under any IIROC or other Canadian SRO by-law, rule, or policy; “Canadian Investment Manager designation” means the designation earned through the Canadian investment manager program prepared and administered by CSI Global Education Inc. and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program; “CFA Charter” means the charter earned through the Chartered Financial Analyst program prepared and administered by the CFA Institute and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program; “Derivatives” means financial instruments, such as futures contracts (including exchange traded contracts), futures options and swaps whose market price, value or payment obligations are derived from, or based on, one or more underlying interests. Derivatives can be in the form of instruments, agreements or securities; “Major shareholder” and “shareholder” mean a shareholder who, in total, directly or indirectly owns voting securities carrying 10 per cent or more of the votes carried by all outstanding voting securities; “Sponsoring firm” means the registered firm where you will carry out your duties as a registered or permitted individual; and “You”, “your” and “individual” mean the individual who is seeking registration or the individual who is filing this form as a permitted individual under securities legislation or derivatives legislation or both.,

(c) under the heading “NRD format”, deleting “You are only required to submit one form regardless of the number of registration categories you are seeking.”, and replacing “securities regulation experience” with “securities law experience”,

(d) replacing, in the second paragraph under the heading “Format, other than NRD format”, “Item” with

“item”, (e) replacing, in the third paragraph under the heading “Format, other than NRD format”, “securities

regulation experience” with “securities law experience”, and “National Registration Database”, with “NRD”, (f) replacing, in sections 2 and 3 of Item 1, “yes” with “Yes”, (g) adding the following at the end of Item 2:

3. Business e-mail address ____________________________________________________________

(h) amending section 1 of Item 5 by

(i) replacing “no” with “No”, (ii) deleting “only in your principal jurisdiction” in paragraph (b), and (iii) replacing “,” with “.” after “in any jurisdiction of Canada”,

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(i) amending Item 7 by

(i) in the first paragraph of section 1, replacing “A post office box is not acceptable” with “A post office box is not an acceptable address for service”, and

(ii) replacing “E-mail address, if available”, at the end of section 1, with “Business e-mail address”,

(j) replacing section 2 of Item 8 with the following:

2. Student numbers If you have a student number for a course that you successfully completed with one of the following organizations, provide it below: CSI Global Education: ________________________________ IFSE Institute: _______________________________________ Institute of Canadian Bankers (ICB): _____________________ CFA Institute: _______________________________________ Advocis: ___________________________________________ RESP Dealers Association of Canada: ________________________________ Other: __________________________________________________________,

(k) amending section 4 of Item 8 by (i) replacing “Not Applicable below” with “N/A”, (ii) replacing “36 month period” with “36-month period”, and (iii) replacing “yes” with “Yes”,


Item 9 Location of employment 1. Provide the following information for your new sponsoring firm. If you will be working out of more than one business location, provide the following information for the business location out of which you will be doing most of your business. If you are only filing this form because you are a permitted individual and you are not employed by, or acting as agent for, the sponsoring firm, select “N/A”.

NRD location number: ______________________________________ Unique Identification Number (optional): ________________________ Business location address: _________________________________________________________ (number, street, city, province, territory or state, country, postal code) Telephone number: (___) Fax number: (___)

N/A

2. If the firm has a foreign head office, and/or you are not a resident of Canada, provide the address for the business location in which you will be conducting most of your business. If you are only filing this form because you are a permitted individual and you are not employed by, or acting as agent for, the sponsoring firm, select “N/A”.

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Business location address: _________________________________________________________ (number, street, city, province, territory or state, country, postal code) Telephone number: (___) _______________ Fax number: (___) ________________ N/A

[The following under #3 “Type of business location”, #4 and #5 is for a Format other than NRD format only] 3. Type of business location:

Head office Branch or business location Sub-branch (members of the Mutual Fund Dealers Association of Canada only)

4. Name of supervisor or branch manager: 5. Check here if the mailing address of the business location is the same as the business

location address provided above. Otherwise, complete the following: Mailing address: ______________________________________________________________ (number, street, city, province, territory or state, country, postal code),

(m) replacing Item 10 with the following:

Item 10 Current employment, other business activities, officer positions held and directorships




(n) replacing Item 11 with the following:

Item 11 Previous employment and other activities On Schedule H, complete your history of employment and other activities for the past 10 years.,

(o) amending Item 12 by adding a “,” after “Schedule I”, wherever it appears, (p) amending Item 13 as follows:

(i) adding “The questions below relate to any jurisdiction of Canada and any foreign jurisdiction.” after the heading “Item 13 Regulatory disclosure”,

(ii) deleting “in any province, territory, state or country” wherever these words appear, and

(iii) replacing, in paragraph (c) of section 1, “8(3)” with “8.3”,

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(2015), 38 OSCB 353

(q) replacing Item 14 with the following:

Item 14 Criminal disclosure The questions below apply to offences committed in any jurisdiction of Canada and any foreign jurisdiction. You must disclose all offences, including:

• a criminal offence under federal statutes such as the Criminal Code (Canada), Income Tax Act (Canada), the Competition Act (Canada), Immigration and Refugee Protection Act (Canada) and the Controlled Drugs and Substances Act (Canada), even if

o a record suspension has been ordered under the Criminal Records Act (Canada) o you have been granted an absolute or conditional discharge under the Criminal

Code (Canada), and

• a criminal offence, with respect to questions 14.2 and 14.4, of which you or your firm has been found guilty or for which you or your firm have participated in the alternative measures program within the previous three years, even if a record suspension has been ordered under the Criminal Records Act (Canada)

You are not required to disclose:

• charges for summary conviction offences that have been stayed for six months or more, • charges for indictable offences that have been stayed for a year or more, • offences under the Youth Criminal Justice Act (Canada), and • speeding or parking violations.

Subject to the exceptions above: 1. Are there any outstanding or stayed charges against you alleging a criminal offence that was

committed? Yes No If “Yes”, complete Schedule K, Item 14.1.

2. Have you ever been found guilty, pleaded no contest to, or been granted an absolute or conditional discharge from any criminal offence that was committed? Yes No If “Yes”, complete Schedule K, Item 14.2.

3. To the best of your knowledge, are there any outstanding or stayed charges against any firm of which you were, at the time the criminal offence was alleged to have taken place, a partner, director, officer or major shareholder? Yes No If “Yes”, complete Schedule K, Item 14.3.

4. To the best of your knowledge, has any firm, when you were a partner, officer, director or major

shareholder, ever been found guilty, pleaded no contest to or been granted an absolute or conditional discharge from a criminal offence that was committed? Yes No If “Yes”, complete Schedule K, Item 14.4.,

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(r) amending Item 15 as follows:

(i) adding “The questions below relate to any jurisdiction of Canada and any foreign jurisdiction.” after the heading “Item 15 Civil disclosure”, and

(ii) deleting “in any province, territory, state or country” wherever these words appear,

(s) replacing, in section 2 of Item 16, “$5,000” wherever it appears, with “$10,000”,

(t) amending Item 20 as follows:

(ii) in the second sentence of the second paragraph under the heading “SROs”, replacing

“protected by law such as, police” with “protected by law such as police”, and

(ii) replacing the first sentence of the last paragraph of Item 20 with the following:

You certify that you have discussed the questions in this form, together with this Agreement, with an Officer, Supervisor or Branch Manager of your sponsoring member firm and, to your knowledge and belief, the authorized Officer, Supervisor or Branch Manager was satisfied that you fully understood the questions and the terms of this Agreement.,

(u) replacing Item 21 with the following:


(v) amending Item 22 as follows:

(i) adding the following after the last sentence of the first paragraph of section 1:

If the business location specified in this form is a residence, I hereby give my consent for the regulator or, in Québec, the securities regulatory authority to enter that residence for the administration of securities legislation and derivatives legislation, including commodity futures legislation.,

(ii) adding “and the certification above” after “provided me with all of the information on this form” in

the last paragraph of section 1, and (iii) replacing, in the “Individual” section of “Certification - Format other than NRD format”, the

first paragraph with the following:

By signing below, I certify to the regulator, or in Québec the securities regulatory authority, in each jurisdiction where I am filing or submitting this form, either directly or through the principal regulator, that:

• I have read this form and understand the questions, • all of the information provided on this form is true, and complete, and • if the business location specified in this form is a residence, I hereby give my

consent for the regulator or, in Québec, the securities regulatory authority to enter that residence for the administration of securities legislation and derivatives legislation, including commodity futures legislation.

Signature of individual _________________ Date ________________ ,

(w) amending Schedule A by

(i) replacing “?” with “:” after “(for example, marriage, divorce, court order, commonly used name or nickname)” in Item 1.2 wherever it occurs,

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(2015), 38 OSCB 355

(ii) deleting “?” after “(for example, trade name or team name)” in Item 1.3 under the heading “Name 1:”,

(iii) replacing “N\A” with “N/A” in Item 1.3 under the heading “Name 1:”, and (iv) adding “N/A “ after “No “ in Item 1.3 under the headings “Name 2:” and “Name 3:”,

(x) amending Schedule C by

(i) adding “[ ] permitted individual” between “[ ] Chief Compliance Officer” and “[ ] Officer – Specify title:” in “Categories common to all jurisdictions under securities legislation – Individual categories and permitted activities”,



Québec Firm categories [ ] Derivatives Dealer [ ] Derivatives Portfolio Manager Individual categories and permitted activities [ ] Derivatives Dealing Representative [ ] Derivatives Advising Representative [ ] Derivatives Associate Advising Representative,

(y) amending Schedule D by replacing “E-mail address” in Item 7.1 with “Business e-mail address” ,

(z) amending Schedule E by replacing the text after the table with the following:

If you have listed the CFA Charter in Item 8.1, please indicate by checking “Yes” below if you are a current member of the CFA Institute permitted to use this charter. Yes No If “No”, please explain why you no longer hold this designation: _______________________________________________________________________________________ _______________________________________________________________________________________ _______________________________________________________________________________________ If you have listed the Canadian Investment Manager Designation in Item 8.1, please indicate by checking “Yes” below if you are currently permitted to use this designation. Yes No If “No”, please explain why you no longer hold this designation: _______________________________________________________________________________________ _______________________________________________________________________________________

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(2015), 38 OSCB 356

_______________________________________________________________________________________, (aa) amending Item 8.4 of Schedule F by replacing the last paragraph with the following:

Indicate the continuing education activities in which you have participated during the last 36 months and that are relevant to the category of registration you are applying for:, ______________________________________________________________________________________ _______________________________________________________________________________________ _______________________________________________________________________________________

(ab) amending Schedule G as follows:





Description of duties”, and (iii) adding “.” at the end of the sentence in paragraph D. under the heading “5. Conflicts of

interest”, (ac) amending Schedule J by replacing, in paragraph (c) of Item 13.1, “8(3)” with “8.3”, (ad) amending Item 14.2 and Item 14.4 of Schedule K by adding “,” after “discharge from a criminal offence”, (ae) amending Schedule M by adding “the” after “including why” in Item 16.2,

(af) amending Schedule N as follows:

(i) replacing, in the first paragraph, “Firm name:” with the following:

Name of firm (whose business is trading in or advising on securities or derivatives, or both): ________________________________________________________, and

(ii) replacing, in paragraph (g), “if applicable” with “N/A “ wherever it appears, and

(ag) replacing Schedule O with the following:

Schedule O Contact information for




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(2015), 38 OSCB 358


(a) replacing the numbers “1.” and “2.” with bullet points in the first paragraph after the heading “GENERAL INSTRUCTIONS”,

(b) replacing, in the second paragraph of Item 3, “SROs” with “SRO”, and “enforce their respective by-laws”

with “enforce its by-laws”, (c) replacing Item 4 with the following:


(d) replacing Schedule A with the following:

Schedule A Contact information for










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January 15, 2015

(2015), 38 OSCB 359








(a) replacing “Firm registration” with “Firm Registration” in the title of Form 33-506F6, (b) adding “In this form:” immediately after the heading “Definitions”, (c) replacing “Principal Regulator” with “Principal regulator” in the list under the heading “Definitions”, (d) replacing, “Supervisory procedured person(s)” with “Supervisory procedure person(s)” in the list under the

heading “Definitions”, (e) replacing “Submission to Jurisdiction and Appointment of Agent for Service” with “Submission to jurisdiction

and appointment of agent for service” in section 1 of the portion of the Form after the heading “Contents of the form”,

(f) replacing section 2 of the portion of the Form after the heading “Contents of the form” with the

following:

2. Business plan, policies and procedures manual, and client agreements (except in Ontario) (question 3.3),

(g) replacing, in the fifth paragraph in the portion of the Form after the heading “How to complete and

submit the form”, “Appendix A of Companion Policy 33-109CP Registration Information” with “Appendix B of Companion Policy 33-506CP (Commodity Futures Act) Registration Information” ,

(h) replacing, in the eighth paragraph of the portion of the Form after the heading “How to complete and

submit the form”, “which” with “that”,

(i) adding after the eighth paragraph of the portion of the Form under the heading “How to complete and submit the form” the following:


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(2015), 38 OSCB 360

(j) replacing, in the margin note opposite the first paragraph in the portion of the Form after the heading “Updating the information on the form” , “NI 33-506” with “OSC Rule 33-506”,

(k) deleting the “*” after question “5.5” in the third paragraph of section 1.3, (l) amending section 2.2 as follows:

(i) adding “location” after “business” in paragraph (a) wherever it appears, and (ii) replacing paragraph (b) with the following:

(b) If a firm is not registered in a jurisdiction of Canada, indicate the jurisdiction of Canada in which the firm expects to conduct most of its activities that require registration as at the end of its current financial year or conducted most of its activities that require registration as at the end of its most recently completed financial year.,

(m) replacing “Submission to Jurisdiction and Appointment of Agent for Service” with “Submission to jurisdiction

and appointment of agent for service” in section 2.4,

(n) replacing section 2.5 and 2.6 with the following:

A registered firm must have an individual registered in the category of ultimate designated person unless the firm is only registered under the Commodity Futures Act (Ontario).

2.5 Ultimate designated person


Same as firm head office address Address line 1 Address line 2

City


Country

Postal/zip code

A registered firm must have an individual registered in the category of chief compliance officer and/or an individual responsible for its supervisory procedures.

2.6 Chief compliance officer and/or supervisory procedure person Same as ultimate designated person

Legal name

Officer title

Telephone number

E-mail address

NRD number, if available

Address

Same as firm head office address

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January 15, 2015

(2015), 38 OSCB 361

Address line 1

Address line 2

City Province/territory/state

Country Postal/zip code

(o) replacing the third paragraph of section 3.3 with the following:

Attach the firm’s business plan, policies and procedures manual and client agreements, including any investment policy statements and investment management agreements, except if the regulator in Ontario is the principal regulator of the firm seeking registration, unless the regulator in Ontario has requested they be provided.,

(p) adding “.” at the end of the second bullet in section 5.1, (q) replacing section 5.1 with the following:

5.1 Calculation of excess working capital

Attach the firm’s calculation of excess working capital. • Investment dealers must use the capital calculation form required by the Investment Industry

Regulatory Organization of Canada (IIROC). • Mutual fund dealers must use the capital calculation form required by the Mutual Fund Dealers

Association of Canada (MFDA), except for mutual fund dealers registered in Québec only. • If the firm is only applying for registration as an adviser under the Commodity Futures Act (Ontario),

attach the firm’s calculation of minimum free capital in accordance with section 14 of Regulation 90 under that Act.

• Other firms that are not members of either IIROC or the MFDA must use Form 31-103F1 Calculation

of Excess Working Capital. See Schedule C. (r) replacing “all jurisdiction” with “all jurisdictions” in the second paragraph of Item 5.4, (s) adding the following margin note for section 5.6:

This information is required only if the firm is applying for registration in Québec as a mutual fund dealer or as a scholarship plan dealer.,

(t) replacing “for” with “approving” in the title of section 5.7, (u) replacing the first paragraph of Part 9 with the following:


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January 15, 2015

(2015), 38 OSCB 362

(v) replacing Schedule A with the following:

Schedule A Contact information for














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January 15, 2015

(2015), 38 OSCB 363


Self-regulatory organization Investment Industry Regulatory Organization of Canada 121 King Street West, Suite 2000 Toronto, Ontario M5H 3T9 Attention: Privacy Officer Telephone: (416) 364-6133 E-mail: [email protected],

(w) amending Schedule B by replacing “Submission to Jurisdiction and Appointment of Agent for Service” with

“Submission to jurisdiction and appointment of agent for service” in sections 7 and 8, and under the heading “Acceptance”, wherever these terms appear, and

(x) replacing Schedule C with the following:

Schedule C

FORM 31-103F1 CALCULATION OF EXCESS WORKING CAPITAL

______________________________________ Firm Name

Capital Calculation

(as at ________________ with comparative figures as at ______________)

Component

Current period Prior period

1.

Current assets

2.

Less current assets not readily convertible into cash (e.g., prepaid expenses)

3.

Adjusted current assets Line 1 minus line 2 =

4.

Current liabilities

5.


6.

Adjusted current liabilities Line 4 plus line 5 =

7.

Adjusted working capital

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(2015), 38 OSCB 364

Line 3 minus line 6 =

8.

Less minimum capital

9.

Less market risk

10.

Less any deductible under the bonding or insurance policy required under Part 12 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations

11.

Less Guarantees

12.

Less unresolved differences

13.

Excess working capital

Notes: Form 31-103F1 Calculation of Excess Working Capital must be prepared using the accounting principles that you use to prepare your financial statements in accordance with National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards. Section 12.1 of Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations provides further guidance in respect of these accounting principles. Line 5. Related-party debt – Refer to the CICA Handbook for the definition of “related party” for publicly accountable enterprises. The firm is required to deliver a copy of the executed subordination agreement to the regulator or, in Québec, the securities regulatory authority on the earlier of a) 10 days after the date the agreement is executed or b) the date an amount subordinated by the agreement is excluded from its calculation of excess working capital on Form 31-103F1 Calculation of Excess Working Capital. The firm must notify the regulator or, in Québec, the securities regulatory authority, 10 days before it repays the loan (in whole or in part), or terminates the subordination agreement. See section 12.2 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations. Line 8. Minimum Capital – The amount on this line must be not less than (a) $25,000 for an adviser and (b) $50,000 for a dealer. For an investment fund manager, the amount must be not less than $100,000 unless subsection 12.1(4) of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations applies. Line 9. Market Risk – The amount on this line must be calculated according to the instructions set out in Schedule 1 to Form 31-103F1 Calculation of Excess Working Capital. A schedule supporting the calculation of any amounts included in Line 9 as market risk should be provided to the regulator or, in Québec, the securities regulatory authority in conjunction with the submission of Form 31-103F1 Calculation of Excess Working Capital. Line 11. Guarantees – If the registered firm is guaranteeing the liability of another party, the total amount of the guarantee must be included in the capital calculation. If the amount of a guarantee is included in the firm’s statement of financial position as a current liability and is reflected in line 4, do not include the amount of the guarantee on line 11. Line 12. Unresolved differences – Any unresolved differences that could result in a loss from either firm or client assets must be included in the capital calculation. The examples below provide guidance as to how to calculate unresolved differences:

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January 15, 2015

(2015), 38 OSCB 365

(i) If there is an unresolved difference relating to client securities, the amount to be reported on Line 12 will be equal to the fair value of the client securities that are short, plus the applicable margin rate for those securities.

(ii) If there is an unresolved difference relating to the registrant's investments, the amount to be reported on Line 12 will be equal to the fair value of the investments (securities) that are short.

(iii) If there is an unresolved difference relating to cash, the amount to be reported on Line 12 will be equal to the amount of the shortfall in cash.

Please refer to section 12.1 of Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations for further guidance on how to prepare and file Form 31-103F1 Calculation of Excess Working Capital.

Management Certification

Registered Firm Name: ____________________________________________ We have examined the attached capital calculation and certify that the firm is in compliance with the capital requirements as at ______________________________.

Name and Title Signature Date 1. ___________________ ______________________ 2. ______________________ ______________________

_________________________ _________________________

________________________ ________________________

Schedule 1 of Form 31-103F1 Calculation of Excess Working Capital

(calculating line 9 [market risk]) For purposes of completing this form: (1) “Fair value” means the value of a security determined in accordance with Canadian GAAP applicable to publicly accountable enterprises. (2) For each security whose value is included in line 1, Current Assets, multiply the fair value of the security by the margin rate for that security set out below. Add up the resulting amounts for all of the securities you hold. The total is the “market risk” to be entered on line 9. (a) Bonds, Debentures, Treasury Bills and Notes (i) Bonds, debentures, treasury bills and other securities of or guaranteed by the Government of

Canada, of the United Kingdom, of the United States of America and of any other national foreign government (provided such foreign government securities are currently rated Aaa or AAA by Moody's Canada Inc. or its DRO affiliate, or Standard & Poor's Rating Services (Canada) or its DRO affiliate, respectively), maturing (or called for redemption):






over 11 years: 4% of fair value

(ii) Bonds, debentures, treasury bills and other securities of or guaranteed by any jurisdiction of Canada and obligations of the International Bank for Reconstruction and Development, maturing (or called for redemption):

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January 15, 2015

(2015), 38 OSCB 366






over 11 years: 5% of fair value (iii) Bonds, debentures or notes (not in default) of or guaranteed by any municipal corporation in Canada

or the United Kingdom maturing:





over 11 years: 5% of fair value (iv) Other non-commercial bonds and debentures (not in default): 10% of fair value (v) Commercial and corporate bonds, debentures and notes (not in default) and non-negotiable and non-

transferable trust company and mortgage loan company obligations registered in the registered firm’s name maturing:

within 1 year: 3% of fair value




over 11 years: 10% of fair value (b) Bank Paper Deposit certificates, promissory notes or debentures issued by a Canadian chartered bank (and of Canadian chartered bank acceptances) maturing:


over 1 year: apply rates for commercial and corporate bonds, debentures and notes (c) Acceptable foreign bank paper Deposit certificates, promissory notes or debentures issued by a foreign bank, readily negotiable and transferable and maturing:


over 1 year: apply rates for commercial and corporate bonds, debentures and notes “Acceptable Foreign Bank Paper” consists of deposit certificates or promissory notes issued by a bank other than a Canadian chartered bank with a net worth (i.e., capital plus reserves) of not less than $200,000,000. (d) Mutual Funds Securities of mutual funds qualified by prospectus for sale in any jurisdiction of Canada:

(i) 5% of the net asset value per security as determined in accordance with National Instrument 81-106 Investment Fund Continuous Disclosure, where the fund is a money market mutual fund as defined in National Instrument 81-102 Investment Funds; or

Rules and Policies

January 15, 2015

(2015), 38 OSCB 367

(ii) the margin rate determined on the same basis as for listed stocks multiplied by the net asset value per security of the fund as determined in accordance with National Instrument 81-106 Investment Fund Continuous Disclosure.

Securities of mutual funds qualified by prospectus for sale in the United States of America: 5% of the net asset value per security if the fund is registered as an investment company under the Investment Companies Act of 1940, as amended from time to time, and complies with Rule 2a-7 thereof. (e) Stocks In this paragraph, “securities” includes rights and warrants and does not include bonds and debentures. (i) On securities including investment fund securities, rights and warrants, listed on any exchange in

Canada or the United States of America:

Long Positions – Margin Required




Securities selling under $1.50 – 100% of fair value Short Positions – Credit Required


Securities selling at $1.50 to $1.99 – $3.00 per share


Securities selling at less than $0.25 – fair value plus $0.25 per share

(ii) For positions in securities that are constituent securities on a major broadly-based index of one of the following exchanges, 50% of the fair value: (a) Australian Stock Exchange Limited (b) Bolsa de Madrid (c) Borsa Italiana (d) Copenhagen Stock Exchange (e) Euronext Amsterdam (f) Euronext Brussels (g) Euronext Paris S.A. (h) Frankfurt Stock Exchange (i) London Stock Exchange (j) New Zealand Exchange Limited (k) Stockholm Stock Exchange (l) SIX Swiss Exchange (m) The Stock Exchange of Hong Kong Limited

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January 15, 2015

(2015), 38 OSCB 368

(n) Tokyo Stock Exchange (f) Mortgages

(i) For a firm registered in any jurisdiction of Canada except Ontario:

(a) Insured mortgages (not in default): 6% of fair value

(b) Mortgages which are not insured (not in default): 12% of fair value. (ii) For a firm registered in Ontario:

(a) Mortgages insured under the National Housing Act (Canada) (not in default): 6% of

fair value

(b) Conventional first mortgages (not in default): 12% of fair value.

If you are registered in Ontario regardless of whether you are also registered in another jurisdiction of Canada, you will need to apply the margin rates set forth in (ii) above.

(g) For all other securities – 100% of fair value..


(a) replacing the first sentence after the heading “GENERAL INSTRUCTIONS” with the following:

Complete and submit this form to the relevant regulator(s) or in Québec, the securities regulatory authority, or self-regulatory organization (SRO) if an individual has left a sponsoring firm and is seeking to reinstate their registration in one or more of the same categories or reinstate their same status of permitted individual as before with a sponsoring firm.,

(b) replacing “end of three months” with “90th day” in section 1 after the heading “GENERAL

INSTRUCTIONS”, (c) adding “other than changes to Item 13.3(c)” after “Items 13 (Regulatory Disclosure)” in section 2 after the

heading “GENERAL INSTRUCTIONS”, (d) in the last paragraph after the heading “Terms”, replacing “[Registration of Individuals and Review of

Permitted Individuals]” with “Registration of Individuals and Review of Permitted Individuals” and deleting “or elsewhere in the securities legislation of your province or territory. Please refer to those definitions”,

(e) adding “with securities law experience” after “legal adviser” in the paragraph after the heading “NRD

format” and in the third paragraph after the heading “Format, other than NRD format”, (f) replacing “If “yes”“ with “If “Yes”“ in the last sentence of section 4 of Item 1, (g) replacing “E-mail address, if available” in section 1 of Item 4 with “Business e-mail address”, (h) replacing Item 5 with the following:

Item 5 Location of employment 1. Provide the following information for your new sponsoring firm. If you will be working out of more than one business location, provide the following information for the business location out of which you will be doing most of your business. If you are only filing this form because you are a permitted individual and are not employed by, or acting as agent for, the sponsoring firm, select “N/A”. Unique Identification Number (optional): ___________ NRD location number: __________________________ Business location address: _________________________________________________________________ (number, street, city, province, territory or state, country, postal code)

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January 15, 2015

(2015), 38 OSCB 369

Telephone number: (____) Fax number: (____) N/A 2. If the new sponsoring firm has a foreign head office, and/or you are not a resident of Canada, provide the address for the business location in which you will be conducting most of your business. If you are only filing this form because you are a permitted individual and are not employed by, or acting as agent for, the sponsoring firm, select “N/A”. Business location address: _________________________________________________________________ (number, street, city, province, territory or state, country, postal code) Telephone number: (____) Fax number: (____) N/A [The following under #3 “Type of business location”, #4 and #5 is for a Format other than NRD format only] 3. Type of business location:

Head office Branch or business location Sub-branch (Mutual Fund Dealers Association of Canada members only)

4. Name of supervisor or branch manager: ________________________________ 5. Check here if the mailing address of the business location is the same as the business location address provided above. Otherwise, complete the following: Mailing address: _______________________________________________________________________

(number, street, city, province, territory or state, country, postal code), (i) replacing Item 7 with the following:

Item 7 Current employment, other business activities, officer positions held and directorships Name of your new sponsoring firm: _________________________ Complete a separate Schedule D for each of your current business and employment activities, including employment and business activities with your new sponsoring firm and any employment and business activities outside your new sponsoring firm. Also include all officer or director positions and any other equivalent positions held, as well as positions of influence. The information must be provided


(j) adding “, other than changes to Item 13.3(c)” after “Regulatory disclosure (Item 13” in section 1 of Item 9, (k) replacing “ ‘Reactivation of Registration’ “ with “ “Reactivation of Registration” “ in the second paragraph

of section 2 of Item 9, (l) replacing Item 11 with the following:


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January 15, 2015

(2015), 38 OSCB 370

(m) replacing section 1 of Item 12 with the following:

1. Certification - NRD format: I confirm I have discussed the questions in this form with an officer, branch manager or supervisor of my sponsoring firm. To the best of my knowledge, the officer, branch manager or supervisor was satisfied that I fully understood the questions. I will limit my activities to those permitted by my category of registration. If the business location specified in this form is a residence, I hereby give my consent for the regulator or, in Québec, the securities regulatory authority to enter that residence for the administration of securities legislation and derivatives legislation, including commodity futures legislation.

I am making this submission as agent for the individual. By checking this box, I certify that the

individual provided me with all of the information on this form and the certification above., (n) in section 2 of Item 12, replacing the portion of the Form after the heading “Individual” and before the

heading “Authorized partner or officer of the new sponsoring firm” with the following:

By signing below, I certify to the regulator, or in Québec the securities regulatory authority, in each jurisdiction where I am submitting this form, either directly or through the principal regulator that:

• I have read the form and understand the questions, • all of the information provided on this form is true, and complete, and • if the business location specified in this form is a residence, I hereby give my consent for the

regulator or, in Québec, the securities regulatory authority to enter that residence for the administration of securities legislation and derivatives legislation, including commodity futures legislation.

Signature of individual____________________ Date signed______________

(YYYY/MM/DD), (o) amending Schedule B as follows:

(i) adding “[ ] Permitted Individual” between “[ ] Chief Compliance Officer” and “[ ] Officer – Specify

title:” in “Categories common to all jurisdictions under securities legislation – Individual categories and permitted activities”,



Québec Firm categories [ ] Derivatives Dealers [ ] Derivatives Portfolio Manager Individual categories and permitted activities [ ] Derivatives Dealing Representative [ ] Derivatives Advising Representative [ ] Derivatives Associate Advising Representative,

(p) amending Schedule C by replacing “E-mail address” in Item 4.1 with “Business e-mail address”,

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January 15, 2015

(2015), 38 OSCB 371

(q) amending Schedule D as follows:


Complete a separate Schedule D for each of your current business and employment activities, including employment and business activities with your new sponsoring firm and any employment and business activities outside your new sponsoring firm. Also include all officer or director positions and any other equivalent positions held, as well as positions of influence. The information must be provided

• whether or not you receive compensation for such services, and • whether or not any such position is business related., and


Description of duties”, (iii) renumbering paragraph D in section 5 as paragraph E, and (iv) adding the following paragraph before paragraph E in section 5:

D. State the name of the person at your sponsoring firm who has reviewed and approved your multiple employment or business related activities or proposed business related activities. _________________________________________________________ _________________________________________________________ _________________________________________________________,

(r) amending Schedule E by

(i) replacing the title of the Schedule “Ownership of securities and derivatives firms (Item 8)” with “Ownership of securities in new sponsoring firm (Item 8)”,

(ii) adding, after “Firm name” in the first paragraph, “(whose business is trading in or advising on

securities or derivatives, or both)”, and

(iii) replacing, in paragraph (g), “if applicable” with “N/A “ wherever it appears, and

(s) replacing Schedule F with the following:

Schedule F




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(2015), 38 OSCB 372














Rules and Policies

January 15, 2015

(2015), 38 OSCB 373

5.1.7 Amendments to OSC Rule 35-502 Non-Resident Advisers

AMENDMENTS TO ONTARIO SECURITIES COMMISSION RULE 35-502 NON-RESIDENT ADVISERS

1. Ontario Securities Commission Rule 35-502 Non-Resident Advisers is amended by this Instrument. 2. Section 1.1 is amended by inserting the following after the definition of “manager”:

NI 31-103 means National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations;

3. Section 7.3 is repealed. 4. Section 7.11 is amended by

a. replacing “this Part” with “this Part or by section 8.26.1 of NI 31-103”, and b. replacing “section 7.3”, in paragraph (a), with “section 8.26.1 of NI 31-103”.

5. This Instrument comes into force on the day section 8.26.1 of NI 31-103 comes into force.

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(2015), 38 OSCB 374


January 15, 2015

(2015), 38 OSCB 375

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

January 15, 2015

(2015), 38 OSCB 376

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price

Date/Month End Holdings

Acquired/ Disposed

37 Capital Inc. Warrants Kalpakian, Bedo H 4 02/12/2014 55 9 0 -22,222

37 Capital Inc. Warrants Kalpakian, Jacob H 4 02/12/2014 55 9 0 -22,222

A&W Revenue Royalties Income Fund

Exchangeable Shares A&W Food Services of Canada Inc.

3 05/01/2015 11 24.69 2,557,892 369,558

Abattis Bioceuticals Corp. Common Shares Fichtali, Jaouad 5 02/01/2015 46 0.17 32,917 18,382

ABCOURT MINES INC. Common Shares catégorie B

DÉCOCHIB 3 30/12/2014 10 0.045 22,770,875 100,000


DÉCOCHIB 3 31/12/2014 16 0.06 24,437,541 1,666,666


Filion, Marc 4, 5 31/12/2014 16 0.06 170,000 80,000


Filion, Marc 4, 5 05/01/2015 16 0.05 234,000 64,000

ABCOURT MINES INC. Warrants Filion, Marc 4, 5 05/01/2015 16 0.07 32,000 32,000


Hinse, Renaud 3, 4, 5 23/12/2014 10 0.045 21,000


Hinse, Renaud 3, 4, 5 23/12/2014 10 0.045 21,000


Hinse, Renaud 3, 4, 5 29/12/2014 10 0.045 182,000


Hinse, Renaud 3, 4, 5 29/12/2014 10 0.045 182,000


Hinse, Renaud 3, 4, 5 30/12/2014 10 0.045 22,770,875 100,000


Hinse, Renaud 3, 4, 5 31/12/2014 16 0.06 24,437,541 1,666,666


MESTRALLET, FRANCOIS JOSEPH PIERRE MARIE

4 05/01/2015 16 0.05 14,000,000 10,000,000

ABCOURT MINES INC. Warrants MESTRALLET, FRANCOIS JOSEPH PIERRE MARIE

4 05/01/2015 16 0.08 7,000,000 5,000,000

ABE Resources Inc. Options Rougerie, Yves 4, 5 09/01/2015 52 110,000 -50,000

Aberdeen International Inc. Common Shares Begeman, John A. 4 01/01/2015 00 15,000

Abitibi Royalties Inc. Common Shares Williams, Chad 6 07/01/2015 51 0.55 228,054 127,500

Abitibi Royalties Inc. Common Shares Williams, Chad 6 19/07/2011 00

Abitibi Royalties Inc. Common Shares Williams, Chad 6 07/01/2015 46 2.08 50,000 50,000

Abitibi Royalties Inc. Options Williams, Chad 6 31/12/2014 52 -90,000

Abitibi Royalties Inc. Options Williams, Chad 6 31/12/2014 52 -90,000

Abitibi Royalties Inc. Options Williams, Chad 6 07/01/2015 51 90,000 -127,500

Absolute Software Corporation

Common Shares Bestmann, Martin 5 04/01/2015 30 5.87 105,895 861


Common Shares DAY, RICHARD LEIGH 4 02/01/2015 30 5.87 17,337 894


Common Shares Mesher, Arthur 4 16/12/2014 00 25,000


Options Mesher, Arthur 4 16/12/2014 00 100,000


Common Shares Olsen, Errol 5 02/01/2015 30 5.87 36,898 895

ACTIVEnergy Income Fund Trust Units ACTIVEnergy Income Fund 1 05/01/2015 38 6.3607 29,752,668 2,800

ACTIVEnergy Income Fund Trust Units ACTIVEnergy Income Fund 1 06/01/2015 38 6.1307 29,755,368 2,700

AcuityAds Holdings Inc. Common Shares Pollack, Sheldon M. 4 06/07/2014 00 637,356

AcuityAds Holdings Inc. Common Shares Pollack, Sheldon M. 4 08/01/2015 10 0.5 657,356 20,000

Adex Mining Inc. Options Tai, Joe Kin Foon 4 16/08/2011 50 0.15 250,000


Adex Mining Inc. Options Tai, Joe Kin Foon 4 16/08/2011 50 0.05 250,000 250,000



Adex Mining Inc. Options Tai, Joe Kin Foon 4 31/12/2013 50 0.05 750,000 500,000

ADF Group Inc. Options Carbonneau H., Carolyn 5 06/01/2015 51 0.71 7,664 -10,000

ADF Group Inc. Subordinate Voting Shares

Carbonneau H., Carolyn 5 06/01/2015 51 0.71 27,942 10,000

Advantage Oil & Gas Ltd. Rights Deferred Share Units

Balog, Stephen 4 31/12/2014 56 7,077 749

Insider Reporting

January 15, 2015

(2015), 38 OSCB 377



Acquired/ Disposed

Advantage Oil & Gas Ltd. Common Shares Blackwood, Donald Craig 5 31/12/2014 51 330,363 25,337

Advantage Oil & Gas Ltd. Options Blackwood, Donald Craig 5 31/12/2014 51 3.69 637,674 -100,000

Advantage Oil & Gas Ltd. Common Shares Bokenfohr, Neil 5 31/12/2014 51 554,738 32,635

Advantage Oil & Gas Ltd. Options Bokenfohr, Neil 5 31/12/2014 51 3.69 761,686 -128,801


Fagerheim, Grant Bradley 4 31/12/2014 56 5,199 749


Haggis, Paul 4 31/12/2014 56 8,846 937

Advantage Oil & Gas Ltd. Common Shares Mah, Andy 5 31/12/2014 51 25,337

Advantage Oil & Gas Ltd. Common Shares Mah, Andy 5 31/12/2014 51 882,166 57,000

Advantage Oil & Gas Ltd. Options Mah, Andy 5 31/12/2014 51 3.69 -100,000

Advantage Oil & Gas Ltd. Options Mah, Andy 5 31/12/2014 51 3.69 1,245,563 -224,968


McIntosh, Ronald A 4 31/12/2014 56 10,618 1,124

Affinor Growers Inc. Common Shares Brusatore, Nicholas Gordon 3, 4 26/11/2014 38 0.49 9,383,000 -2,500,000

Africo Resources Ltd. Options Okada, Larry Minoru 5 05/12/2014 50 0.45 50,000

Africo Resources Ltd. Options Okada, Larry Minoru 5 05/12/2014 50 0.45 380,000 190,000

Agellan Commercial Real Estate Investment Trust

Deferred Units Dansereau, Richard 4 31/12/2014 56 1,553 917


Deferred Units Massicotte, Paul J. 4 31/12/2014 56 2,525 1,433


Deferred Units Yamotahari, Sara 4 31/12/2014 56 1,648 902

AGF Management Limited Common Shares Class B AGF Management Limited, La Societe de Gestion AGF Limitee

1 31/12/2014 38 8.28 1,267,780 1,267,780

AGF Management Limited Common Shares Class B AGF Management Limited, La Societe de Gestion AGF Limitee

1 31/12/2014 38 8.28 0 -1,267,780

AGF Management Limited Common Shares ESOP - Select Plan

Bogart, Robert 5 31/12/2014 30 8.17 3,458 251

AGF Management Limited Common Shares ESOP - Cash

MCCREADIE, KEVIN ANDREW

5 31/12/2014 30 9.62 2,058 1,420

Agnico Eagle Mines Limited Common Shares Allan, Don 5 31/12/2014 57 27,267 12,397

Agnico Eagle Mines Limited Common Shares Allan, Don 5 31/12/2014 10 28.617 21,349 -5,918

Agnico Eagle Mines Limited Options Allan, Don 5 02/01/2015 50 28.92 405,750 66,000

Agnico Eagle Mines Limited Options Allan, Don 5 04/01/2015 52 56.92 330,750 -75,000

Agnico Eagle Mines Limited Restricted Share Units Allan, Don 5 31/12/2014 57 19,602 -12,397

Agnico Eagle Mines Limited Restricted Share Units Allan, Don 5 02/01/2015 56 15,000

Agnico Eagle Mines Limited Restricted Share Units Allan, Don 5 05/01/2015 56 34,602 15,000

Agnico Eagle Mines Limited Common Shares Baker, Leanne Marie 4 31/12/2014 57 8,366 2,866

Agnico Eagle Mines Limited Common Shares Baker, Leanne Marie 4 31/12/2014 10 24.67 8,255 -111

Agnico Eagle Mines Limited Common Shares Baker, Leanne Marie 4 05/01/2015 56 1,000

Agnico Eagle Mines Limited Common Shares Baker, Leanne Marie 4 05/01/2015 56 1,000

Agnico Eagle Mines Limited Options Baker, Leanne Marie 4 04/01/2015 52 54 5,824 -6,120

Agnico Eagle Mines Limited Restricted Share Units Baker, Leanne Marie 4 31/12/2014 57 4,167 -2,866

Agnico Eagle Mines Limited Restricted Share Units Baker, Leanne Marie 4 05/01/2015 56 5,167 1,000

Agnico Eagle Mines Limited Common Shares Blackburn, Alain 5 31/12/2014 57 12397 12,397

Agnico Eagle Mines Limited Common Shares Blackburn, Alain 5 31/12/2014 57 18,727 12,397

Agnico Eagle Mines Limited Common Shares Blackburn, Alain 5 31/12/2014 10 28.617 -5,919

Agnico Eagle Mines Limited Common Shares Blackburn, Alain 5 31/12/2014 10 28.617 12,809 -5,918

Agnico Eagle Mines Limited Options Blackburn, Alain 5 02/01/2015 50 28.92 538,000 138,000

Agnico Eagle Mines Limited Options Blackburn, Alain 5 02/01/2015 50 28.92 610,000 72,000

Agnico Eagle Mines Limited Options Blackburn, Alain 5 04/01/2015 52 56.92 510,000 -100,000

Agnico Eagle Mines Limited Restricted Share Units Blackburn, Alain 5 31/12/2014 57 19,602 -12,397

Agnico Eagle Mines Limited Restricted Share Units Blackburn, Alain 5 05/01/2015 56 34,602 15,000

Agnico Eagle Mines Limited Common Shares Boyd, Sean 4, 5 31/12/2014 57 65,935 24,793

Agnico Eagle Mines Limited Common Shares Boyd, Sean 4, 5 31/12/2014 10 28.617 54,100 -11,835

Agnico Eagle Mines Limited Options Boyd, Sean 4, 5 04/01/2015 52 56.92 402,500 -300,000

Agnico Eagle Mines Limited Restricted Share Units Boyd, Sean 4, 5 31/12/2014 57 200,541 -24,793

Agnico Eagle Mines Limited Restricted Share Units Boyd, Sean 4, 5 05/01/2015 56 300,541 100,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 378



Acquired/ Disposed

Agnico Eagle Mines Limited Common Shares Celej, Martine 4 31/12/2014 57 5,016 3,016

Agnico Eagle Mines Limited Common Shares Celej, Martine 4 31/12/2014 10 28.617 3,576 -1,440

Agnico Eagle Mines Limited Restricted Share Units Celej, Martine 4 31/12/2014 57 6,016 -3,016

Agnico Eagle Mines Limited Restricted Share Units Celej, Martine 4 05/01/2015 56 9,016 3,000

Agnico Eagle Mines Limited Options Datta, Picklu 5 02/01/2015 50 28.92 297,250 56,000

Agnico Eagle Mines Limited Options Datta, Picklu 5 04/01/2015 52 56.92 247,250 -50,000

Agnico Eagle Mines Limited Restricted Share Units Datta, Picklu 5 05/01/2015 56 29,681 12,000

Agnico Eagle Mines Limited Common Shares Gemmell, Robert 4 31/12/2014 57 13,016 3,016

Agnico Eagle Mines Limited Common Shares Gemmell, Robert 4 31/12/2014 10 28.617 11,576 -1,440

Agnico Eagle Mines Limited Restricted Share Units Gemmell, Robert 4 31/12/2014 57 6,016 -3,016

Agnico Eagle Mines Limited Restricted Share Units Gemmell, Robert 4 05/01/2015 56 9,016 3,000

Agnico Eagle Mines Limited Common Shares Grondin, Louise 5 31/12/2014 57 20,436 12,397

Agnico Eagle Mines Limited Common Shares Grondin, Louise 5 31/12/2014 10 28.617 14,518 -5,918

Agnico Eagle Mines Limited Options Grondin, Louise 5 02/01/2015 50 28.92 398,700 66,000

Agnico Eagle Mines Limited Options Grondin, Louise 5 04/01/2015 52 56.92 344,950 -53,750

Agnico Eagle Mines Limited Restricted Share Units Grondin, Louise 5 31/12/2014 57 19,602 -12,397

Agnico Eagle Mines Limited Restricted Share Units Grondin, Louise 5 05/01/2015 56 34,602 15,000

Agnico Eagle Mines Limited Common Shares Haldane, Timothy Quentin 5 31/12/2014 57 25,209 12,398

Agnico Eagle Mines Limited Common Shares Haldane, Timothy Quentin 5 31/12/2014 10 24.748 -4,384

Agnico Eagle Mines Limited Common Shares Haldane, Timothy Quentin 5 31/12/2014 10 24.748 20,825 -4,384

Agnico Eagle Mines Limited Options Haldane, Timothy Quentin 5 02/01/2015 50 24.89 438,250 72,000

Agnico Eagle Mines Limited Options Haldane, Timothy Quentin 5 04/01/2015 52 54 382,000 -56,250

Agnico Eagle Mines Limited Restricted Share Units Haldane, Timothy Quentin 5 31/12/2014 57 19,552 -12,398

Agnico Eagle Mines Limited Restricted Share Units Haldane, Timothy Quentin 5 05/01/2015 56 36,552 17,000

Agnico Eagle Mines Limited Common Shares Kraft, Bernie 4 31/12/2014 57 12,662 1,005

Agnico Eagle Mines Limited Common Shares Kraft, Bernie 4 05/01/2015 10 28.617 12,182 -480

Agnico Eagle Mines Limited Options Kraft, Bernie 4 04/01/2015 52 56.92 5,824 -6,120

Agnico Eagle Mines Limited Restricted Share Units Kraft, Bernie 4 31/12/2014 57 2,005 -1,005

Agnico Eagle Mines Limited Restricted Share Units Kraft, Bernie 4 05/01/2015 56 3,005 1,000

Agnico Eagle Mines Limited Common Shares Laing, R. Gregory 5 31/12/2014 57 27,712 12,397

Agnico Eagle Mines Limited Common Shares Laing, R. Gregory 5 31/12/2014 10 28.617 21,794 -5,918

Agnico Eagle Mines Limited Options Laing, R. Gregory 5 02/01/2015 50 28.92 441,000 66,000

Agnico Eagle Mines Limited Options Laing, R. Gregory 5 04/01/2015 52 56.92 366,000 -75,000

Agnico Eagle Mines Limited Restricted Share Units Laing, R. Gregory 5 31/12/2014 57 19,602 -12,397

Agnico Eagle Mines Limited Restricted Share Units Laing, R. Gregory 5 05/01/2015 56 34,602 15,000

Agnico Eagle Mines Limited Common Shares Legault, Marc 5 31/12/2014 57 22,773 6,899

Agnico Eagle Mines Limited Common Shares Legault, Marc 5 31/12/2014 10 28.617 19,479 -3,294

Agnico Eagle Mines Limited Options Legault, Marc 5 02/01/2015 50 28.92 394,750 66,000

Agnico Eagle Mines Limited Options Legault, Marc 5 04/01/2015 52 56.92 329,750 -65,000

Agnico Eagle Mines Limited Restricted Share Units Legault, Marc 5 31/12/2014 57 19,602 -6,899

Agnico Eagle Mines Limited Restricted Share Units Legault, Marc 5 05/01/2015 56 34,602 15,000

Agnico Eagle Mines Limited Common Shares Leiderman, Mel 4 31/12/2014 57 9,016 3,016

Agnico Eagle Mines Limited Common Shares Leiderman, Mel 4 31/12/2014 10 28.617 7,576 -1,440

Agnico Eagle Mines Limited Options Leiderman, Mel 4 04/01/2015 52 56.92 5,824 -6,120

Agnico Eagle Mines Limited Restricted Share Units Leiderman, Mel 4 31/12/2014 57 4,016 -3,016

Agnico Eagle Mines Limited Restricted Share Units Leiderman, Mel 4 05/01/2015 56 5,016 1,000

Agnico Eagle Mines Limited Restricted Share Units McCombe, Deborah 4 05/01/2015 56 6,000 3,000

Agnico Eagle Mines Limited Common Shares Nasso, James D. 4 31/12/2014 57 21,311 4,022

Agnico Eagle Mines Limited Common Shares Nasso, James D. 4 31/12/2014 10 28.617 19,390 -1,921

Agnico Eagle Mines Limited Options Nasso, James D. 4 08/01/2015 52 56.92 5,824 -6,120

Agnico Eagle Mines Limited Restricted Share Units Nasso, James D. 4 31/12/2014 57 2,005 -4,022

Agnico Eagle Mines Limited Restricted Share Units Nasso, James D. 4 05/01/2015 56 8,005 6,000

Agnico Eagle Mines Limited Options Pellerin, Jean-Luk 5 02/01/2015 50 28.92 281,000 66,000

Agnico Eagle Mines Limited Restricted Share Units Pellerin, Jean-Luk 5 05/01/2015 56 32,681 15,000

Agnico Eagle Mines Limited Common Shares Riley, Sean 4 31/12/2014 57 5,016 3,016

Agnico Eagle Mines Limited Common Shares Riley, Sean 4 31/12/2014 10 28.617 3,465 -1,551

Agnico Eagle Mines Limited Restricted Share Units Riley, Sean 4 31/12/2014 57 6,016 -3,016

Agnico Eagle Mines Limited Restricted Share Units Riley, Sean 4 05/01/2015 56 9,016 3,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 379



Acquired/ Disposed

Agnico Eagle Mines Limited Common Shares Roberts, John Merfyn 4 31/12/2014 57 9,016 3,016

Agnico Eagle Mines Limited Common Shares Roberts, John Merfyn 4 31/12/2014 10 28.617 8,740 -276

Agnico Eagle Mines Limited Options Roberts, John Merfyn 4 04/01/2015 52 56.92 5,824 -6,120

Agnico Eagle Mines Limited Restricted Share Units Roberts, John Merfyn 4 31/12/2014 57 6,016 -3,016

Agnico Eagle Mines Limited Restricted Share Units Roberts, John Merfyn 4 05/01/2015 56 9,016 3,000

Agnico Eagle Mines Limited Common Shares Robitaille, Jean 5 31/12/2014 57 52,430 13,097

Agnico Eagle Mines Limited Common Shares Robitaille, Jean 5 31/12/2014 10 28.617 46,177 -6,253

Agnico Eagle Mines Limited Options Robitaille, Jean 5 02/01/2015 50 28.92 452,000 72,000

Agnico Eagle Mines Limited Options Robitaille, Jean 5 04/01/2015 52 56.92 377,000 -75,000

Agnico Eagle Mines Limited Restricted Share Units Robitaille, Jean 5 31/12/2014 57 19,603 -13,097

Agnico Eagle Mines Limited Restricted Share Units Robitaille, Jean 5 05/01/2015 56 36,603 17,000

Agnico Eagle Mines Limited Common Shares Smith, David 5 31/12/2014 56 27,542 12,397

Agnico Eagle Mines Limited Common Shares Smith, David 5 31/12/2014 10 28.617 21,624 -5,918

Agnico Eagle Mines Limited Options Smith, David 5 02/01/2015 50 28.92 461,250 75,000

Agnico Eagle Mines Limited Options Smith, David 5 04/01/2015 52 56.92 396,250 -65,000

Agnico Eagle Mines Limited Restricted Share Units Smith, David 5 31/12/2014 57 19,602 -12,397

Agnico Eagle Mines Limited Restricted Share Units Smith, David 5 05/01/2015 56 37,602 18,000

Agnico Eagle Mines Limited Common Shares Stockford, Howard Roger 4 31/12/2014 57 -3,016

Agnico Eagle Mines Limited Common Shares Stockford, Howard Roger 4 31/12/2014 57 10,084 3,016

Agnico Eagle Mines Limited Common Shares Stockford, Howard Roger 4 31/12/2014 10 28.617 8,644 -1,440

Agnico Eagle Mines Limited Options Stockford, Howard Roger 4 04/01/2015 52 56.92 5,824 -6,120

Agnico Eagle Mines Limited Restricted Share Units Stockford, Howard Roger 4 31/12/2014 57 2,005 -3,016

Agnico Eagle Mines Limited Restricted Share Units Stockford, Howard Roger 4 05/01/2015 56 5,005 3,000

Agnico Eagle Mines Limited Common Shares Sylvestre, Yvon 5 31/12/2014 56 20,761 13,798

Agnico Eagle Mines Limited Common Shares Sylvestre, Yvon 5 31/12/2014 10 28.617 14,174 -6,587

Agnico Eagle Mines Limited Options Sylvestre, Yvon 5 02/01/2015 50 28.92 382,000 72,000

Agnico Eagle Mines Limited Options Sylvestre, Yvon 5 04/01/2015 52 56.92 352,000 -30,000

Agnico Eagle Mines Limited Restricted Share Units Sylvestre, Yvon 5 31/12/2014 57 19,602 -13,798

Agnico Eagle Mines Limited Restricted Share Units Sylvestre, Yvon 5 05/01/2015 56 36,602 17,000

Agnico Eagle Mines Limited Common Shares Voutilainen, Pertti 4 31/12/2014 57 15,805 1,005

Agnico Eagle Mines Limited Common Shares Voutilainen, Pertti 4 31/12/2014 10 28.617 15,713 -92

Agnico Eagle Mines Limited Options Voutilainen, Pertti 4 04/01/2015 52 56.92 5,824 -6,120

Agnico Eagle Mines Limited Restricted Share Units Voutilainen, Pertti 4 31/12/2014 57 4,005 -1,005

Agnico Eagle Mines Limited Restricted Share Units Voutilainen, Pertti 4 05/01/2015 56 6,005 2,000

Aimia Inc. Deferred Share Units Adams, David L. 5 31/12/2014 35 14.64 7,436 91

Aimia Inc. Common Shares Aimia Inc. 1 01/12/2014 38 14.406 97,526 97,526

Aimia Inc. Common Shares Aimia Inc. 1 01/12/2014 38 0 -97,526






















Insider Reporting

January 15, 2015

(2015), 38 OSCB 380



Acquired/ Disposed




















Aimia Inc. Deferred Share Units Brown, Robert Ellis 4 31/12/2014 35 14.64 50,869 617

Aimia Inc. Deferred Share Units Brown, Robert Ellis 4 01/01/2015 56 14.74 53,208 2,339

Aimia Inc. Deferred Share Units Doroniuk, Roman 4 31/12/2014 35 14.64 20,613 250

Aimia Inc. Deferred Share Units Doroniuk, Roman 4 01/01/2015 56 14.74 21,138 525

Aimia Inc. Deferred Share Units Duchesne, Rupert 4, 5 31/12/2014 35 14.64 81,954 997

Aimia Inc. Deferred Share Units Ferstman, Joanne Shari 4 31/12/2014 35 14.64 44,413 539

Aimia Inc. Deferred Share Units Ferstman, Joanne Shari 4 01/01/2015 56 14.74 46,447 2,034

Aimia Inc. Deferred Share Units Fortier, Michael M 4 31/12/2014 35 14.64 13,694 167

Aimia Inc. Deferred Share Units Fortier, Michael M 4 01/01/2015 56 14.74 15,508 1,814

Aimia Inc. Deferred Share Units Graham, Elizabeth 5 31/12/2014 35 14.64 35,743 434

Aimia Inc. Deferred Share Units Horowitz, Beth Sharon 4 31/12/2014 35 14.64 5,030 61

Aimia Inc. Deferred Share Units Horowitz, Beth Sharon 4 01/01/2015 56 14.74 5,555 525

Aimia Inc. Deferred Share Units Hounsell, Mark 5 31/12/2014 35 14.64 3,330 41

Aimia Inc. Deferred Share Units Laidley, David Howard 4 31/12/2014 35 14.64 52,320 636

Aimia Inc. Deferred Share Units Laidley, David Howard 4 01/01/2015 56 14.74 53,184 864

Aimia Inc. Deferred Share Units Lips, Jan Pieter 7 31/12/2014 35 14.64 986 12

Aimia Inc. Deferred Share Units Port, Douglas D. 4 31/12/2014 35 14.64 19,075 231

Aimia Inc. Deferred Share Units Port, Douglas D. 4 01/01/2015 56 14.74 19,939 864

Aimia Inc. Deferred Share Units Rossy, Alan 4 31/12/2014 35 14.64 11,329 137

Aimia Inc. Deferred Share Units Rossy, Alan 4 01/01/2015 56 14.74 11,854 525

Aimia Inc. Deferred Share Units Timpano, Vincent Robert 5 31/12/2014 35 14.64 4,603 56

Aimia Inc. Deferred Share Units Zea, Michael 5 31/12/2014 35 14.64 3,623 44

Air Canada Deferred Share Units Green, Michael 4 02/01/2015 56 5,814 792

Air Canada Deferred Share Units Huot, Jean Marc 4 02/01/2015 56 190,470 1,585

Air Canada Deferred Share Units Leonard, Joseph Bernard 4 02/01/2015 56 9,619 872

Air Canada Deferred Share Units Richardson, David I. 4 02/01/2015 56 95,201 792

Air Canada Deferred Share Units Romanow, Roy 4 02/01/2015 56 98,011 2,008

Air Canada Deferred Share Units Sorensen, Vagn 4 02/01/2015 56 98,643 925

Air Canada Options (Long-Term Incentive Plan)

Steer, Richard A. 5 01/01/2015 00 32,864

Air Canada Share Units (Long-Term Incentive Plan)

Steer, Richard A. 5 01/01/2015 00 31,291

Air Canada Deferred Share Units Verschuren, Annette Marie 4 02/01/2015 56 23,239 1,585

Air Canada Deferred Share Units Wilson, Michael M. 4 02/01/2015 56 7,861 3,487

AIRBOSS OF AMERICA CORP.

Options McLeish, Robert 4 31/12/2014 50 12.05 50,000 20,000


Options Robbins, Brian Andrew 4 05/01/2015 50 20,000 20,000


Options Schoch, Peter Grenville 3, 4 31/12/2014 50 12.05 400,000 200,000

AirIQ Inc. Options FELSTEAD, KAREN 5 03/01/2015 52 24 204,192 -42

Insider Reporting

January 15, 2015

(2015), 38 OSCB 381



Acquired/ Disposed

Akita Drilling Ltd. Non-Voting Shares Charlton, Loraine 4 02/01/2015 30 12.56 9,178 139



Akita Drilling Ltd. Non-Voting Shares Charlton, Loraine 4 02/01/2015 30 11.59 432 10



Akita Drilling Ltd. Non-Voting Shares Coleman, Raymond 5 02/01/2015 30 12.56 6,558 199




Akita Drilling Ltd. Non-Voting Shares Dease, Colin 5 02/01/2015 30 12.56 3,810 199



Akita Drilling Ltd. Non-Voting Shares Eastly, Arthur 4 02/01/2015 30 12.56 6,499 139



Akita Drilling Ltd. Non-Voting Shares Heathcott, Linda A. 4, 6 02/01/2015 30 12.56 18,720 139



Akita Drilling Ltd. Non-Voting Shares Hensel, Fred 5 02/01/2015 30 12.56 19,014 199




Akita Drilling Ltd. Non-Voting Shares Kushner, Craig 5 02/01/2015 30 12.56 11,037 199



Akita Drilling Ltd. Non-Voting Shares Mohan, Harish 4 02/01/2015 30 12.56 6,539 139



Akita Drilling Ltd. Non-Voting Shares RICHARDSON, DALE 4 02/01/2015 30 12.56 32,264 139



Akita Drilling Ltd. Non-Voting Shares Roth, Murray 5 02/01/2015 30 12.56 49,042 199



Akita Drilling Ltd. Non-Voting Shares Ruud, Karl 4 02/01/2015 30 12.56 39,291 199



Akita Drilling Ltd. Non-Voting Shares Southern, Nancy C. 4, 6 02/01/2015 30 12.56 22,629 139



Akita Drilling Ltd. Non-Voting Shares Southern, Ronald D. 3, 4, 6, 5 02/01/2015 30 12.56 32,620 139



Akita Drilling Ltd. Non-Voting Shares Spitznagel, Curt Perry 4 02/01/2015 30 12.56 7,220 139



Akita Drilling Ltd. Non-Voting Shares Wilmot, Harry 4 14/11/2014 00 139

Akita Drilling Ltd. Non-Voting Shares WILSON, Charles W. 4 02/01/2015 30 12.56 16,571 139



Alacer Gold Corp. Common Shares Antal, Rod 5 01/01/2015 38 257,922 83,134

Alacer Gold Corp. RSU Antal, Rod 5 01/01/2015 38 1,407,383 -147,389

Alacer Gold Corp. RSU Antal, Rod 5 01/01/2015 56 1,929,983 522,600

Alacer Gold Corp. Common Shares Benbow, Robert D. 5 31/12/2014 38 172,430 18,341

Alacer Gold Corp. Common Shares Benbow, Robert D. 5 01/01/2015 38 189,661 17,231

Alacer Gold Corp. RSU Benbow, Robert D. 5 31/12/2014 38 201,020 -26,965

Alacer Gold Corp. RSU Benbow, Robert D. 5 01/01/2015 38 173,546 -27,474

Insider Reporting

January 15, 2015

(2015), 38 OSCB 382



Acquired/ Disposed

Alacer Gold Corp. RSU Benbow, Robert D. 5 01/01/2015 56 270,963 97,417

Alacer Gold Corp. Common Shares Iorich, Vladimir 3 05/01/2015 10 2.5 5,242,926 -21,027








Alacer Gold Corp. Common Shares Kim, Roy 5 31/12/2014 38 41,998 14,621

Alacer Gold Corp. Common Shares Kim, Roy 5 01/01/2015 38 53,485 11,487

Alacer Gold Corp. RSU Kim, Roy 5 31/12/2014 38 138,147 -14,621

Alacer Gold Corp. RSU Kim, Roy 5 01/01/2015 38 119,831 -18,316

Alacer Gold Corp. RSU Kim, Roy 5 01/01/2015 56 184,775 64,944

Alacer Gold Corp. Common Shares LeRoux, John Mathew 7 31/12/2014 38 39,763 16,895

Alacer Gold Corp. Common Shares LeRoux, John Mathew 7 01/01/2015 38 56,570 16,807

Alacer Gold Corp. RSU LeRoux, John Mathew 7 31/12/2014 38 166,431 -26,301

Alacer Gold Corp. RSU LeRoux, John Mathew 7 01/01/2015 38 141,434 -24,997

Alacer Gold Corp. RSU LeRoux, John Mathew 7 01/01/2015 56 234,499 93,065

Alacer Gold Corp. Common Shares Murchison, Mark Edward 5 01/01/2015 38 64,210 26,985

Alacer Gold Corp. RSU Murchison, Mark Edward 5 01/01/2015 38 393,797 -40,067

Alacer Gold Corp. RSU Murchison, Mark Edward 5 01/01/2015 56 535,863 142,066

Alacer Gold Corp. Common Shares Sparks, Michael John 5 31/12/2014 38 6,173 3,441

Alacer Gold Corp. Common Shares Sparks, Michael John 5 01/01/2015 38 17,182 11,009

Alacer Gold Corp. RSU Sparks, Michael John 5 31/12/2014 38 98,499 -4,994

Alacer Gold Corp. RSU Sparks, Michael John 5 01/01/2015 38 80,946 -17,553

Alacer Gold Corp. RSU Sparks, Michael John 5 01/01/2015 56 143,184 62,238

Alder Resources Ltd. Common Shares Dudek, Don 4, 5 31/12/2014 10 0.015 5,058,500 250,000

Alderon Iron Ore Corp. Rights DSUs Ashby, Ian R. 4 29/05/2014 00

Alderon Iron Ore Corp. Rights DSUs Ashby, Ian R. 4 31/12/2014 56 0.4059 41,266 41,266

Alderon Iron Ore Corp. Rights DSUs Baker, John 4, 6 08/12/2010 00

Alderon Iron Ore Corp. Rights DSUs Baker, John 4, 6 31/12/2014 56 0.4059 41,266 41,266

Alderon Iron Ore Corp. Rights DSUs Boggio, Lenard 4 20/02/2013 00

Alderon Iron Ore Corp. Rights DSUs Boggio, Lenard 4 31/12/2014 56 0.4059 48,657 48,657

Alderon Iron Ore Corp. Rights DSUs Dalton, Brian 4, 6 09/02/2011 00

Alderon Iron Ore Corp. Rights DSUs Dalton, Brian 4, 6 31/12/2014 56 0.4059 31,411 31,411

Alderon Iron Ore Corp. Warrants Liberty Metals & Mining Holdings, LLC

3 13/01/2012 00

Alderon Iron Ore Corp. Warrants Liberty Metals & Mining Holdings, LLC

3 31/12/2014 16 1,987,083 1,987,083

Alderon Iron Ore Corp. Rights DSUs Liu, Jian 4 12/11/2014 00

Alderon Iron Ore Corp. Rights DSUs Liu, Jian 4 31/12/2014 56 0.4059 33,875 33,875

Alderon Iron Ore Corp. Rights DSUs LOADER, WILLIAM ADRIAN

4 29/05/2014 00

Alderon Iron Ore Corp. Rights DSUs LOADER, WILLIAM ADRIAN

4 31/12/2014 56 0.4059 41,266 41,266

Alderon Iron Ore Corp. Rights DSUs Porter, David James 4 10/12/2010 00

Alderon Iron Ore Corp. Rights DSUs Porter, David James 4 31/12/2014 56 0.4059 52,352 52,352

Alderon Iron Ore Corp. Rights DSUs Wang, Jinhui 4 12/11/2014 00

Alderon Iron Ore Corp. Rights DSUs Wang, Jinhui 4 31/12/2014 56 0.4059 33,875 33,875

Alliance Grain Traders Inc. Common Shares Al-Katib, Murad 3, 4, 5 02/01/2014 15 15 -1,870,000

Alliance Grain Traders Inc. Common Shares Al-Katib, Murad 3, 4, 5 02/01/2014 15 15 3,312,601 -1,870,000

Alliance Mining Corp. Common Shares Anderson, Christopher Ross 5 07/01/2015 10 0.02 6,338,500 10,000



AlliancePharma Inc. Common Shares Bégin, Isabelle 4 08/01/2014 00

AlliancePharma Inc. Common Shares Bégin, Isabelle 4 08/01/2015 16 5,405,000 5,405,000

AlliancePharma Inc. Options Bégin, Isabelle 4 08/01/2014 00

AlliancePharma Inc. Options Bégin, Isabelle 4 08/01/2015 50 300 300

Insider Reporting

January 15, 2015

(2015), 38 OSCB 383



Acquired/ Disposed

AlliancePharma Inc. Common Shares Lemieux, Marc 4 08/01/2014 00

AlliancePharma Inc. Common Shares Lemieux, Marc 4 08/01/2015 16 5,405,000 5,405,000

AlliancePharma Inc. Options Lemieux, Marc 4 08/01/2014 00

AlliancePharma Inc. Options Lemieux, Marc 4 08/01/2015 50 300 300

Alloycorp Mining Inc. (formerly Avanti Mining Inc.)

Common Shares Bogden, Gordon Jack 4 06/01/2015 10 0.057 830,000 530,000


Options Dimitrov, Daniella Elena 4 30/11/2014 00


Options Dimitrov, Daniella Elena 4 06/01/2015 50 0.05 250,000 250,000

Almaden Minerals Ltd. Options Brown, Mark Thomas 4 04/01/2015 52 1.14 175,000 -75,000

Almaden Minerals Ltd. Options Brown, Mark Thomas 4 06/01/2015 50 1.12 250,000 75,000

Almaden Minerals Ltd. Options Carlson, Gerald George 4 04/01/2015 52 1.14 200,000 -50,000

Almaden Minerals Ltd. Options Carlson, Gerald George 4 06/01/2015 50 1.12 250,000 50,000

Almaden Minerals Ltd. Options Poliquin, James Duane 4, 5 04/01/2010 52 1.14 790,000 -220,000

Almaden Minerals Ltd. Options Poliquin, James Duane 4, 5 06/01/2015 50 1.12 1,110,000 220,000

Almaden Minerals Ltd. Options Poliquin, Morgan James 4 04/01/2010 52 1.14 1,350,000 -350,000

Almaden Minerals Ltd. Options Poliquin, Morgan James 4 06/01/2015 50 1.12 2,100,000 350,000

Almonty Industries Inc. Options Black, Michael Lewis 4, 5 07/01/2015 50 350,000 100,000

Almonty Industries Inc. Options Logan, Dennis 4, 5 07/01/2015 50 600,000 100,000

Almonty Industries Inc. Options Ratner, Bruce C 4 07/01/2015 50 200,000 100,000

AltaGas Ltd. Rights Restricted Units (RU)

Best, Catherine May 4 01/11/2014 30 -23


Best, Catherine May 4 01/11/2014 30 5,666 23


Best, Catherine May 4 01/11/2014 30 7,205 -861


Best, Catherine May 4 04/11/2014 30 -24


Best, Catherine May 4 04/11/2014 30 7,229 24


Best, Catherine May 4 04/11/2014 30 6,402 -827

AltaGas Ltd. Common Shares Edgeworth, Allan Leslie 4 09/01/2015 51 24.62 21,411 10,000

AltaGas Ltd. Options at $24.62 expiring March 16, 2015

Edgeworth, Allan Leslie 4 09/01/2015 51 24.62 10,000 -10,000


Edgeworth, Allan Leslie 4 01/11/2014 30 -50


Edgeworth, Allan Leslie 4 01/11/2014 30 4,894 50


Edgeworth, Allan Leslie 4 01/11/2014 30 5,532 -1,762






Edgeworth, Allan Leslie 4 04/11/2014 30 5,556 24


Edgeworth, Allan Leslie 4 04/11/2014 30 4,729 -827


Fergusson, Hugh 4 01/11/2014 30 -50


Fergusson, Hugh 4 01/11/2014 30 4,893 50


Fergusson, Hugh 4 01/11/2014 30 5,531 -1,762


Fergusson, Hugh 4 04/11/2014 30 -24


Fergusson, Hugh 4 04/11/2014 30 5,555 24


Fergusson, Hugh 4 04/11/2014 30 4,728 -827


Gilbert, Daryl Harvey 4 01/11/2014 30 -50

Insider Reporting

January 15, 2015

(2015), 38 OSCB 384



Acquired/ Disposed


Gilbert, Daryl Harvey 4 01/11/2014 30 4,894 50


Gilbert, Daryl Harvey 4 01/11/2014 30 5,532 -1,762


Gilbert, Daryl Harvey 4 04/11/2014 30 -24


Gilbert, Daryl Harvey 4 04/11/2014 30 5,556 24


Gilbert, Daryl Harvey 4 04/11/2014 30 4,729 -827


Hodgins, Robert Bruce 4 01/11/2014 30 -50


Hodgins, Robert Bruce 4 01/11/2014 30 4,894 50


Hodgins, Robert Bruce 4 01/11/2014 30 5,532 -1,762


Hodgins, Robert Bruce 4 04/11/2014 30 -24


Hodgins, Robert Bruce 4 04/11/2014 30 5,556 24


Hodgins, Robert Bruce 4 04/11/2014 30 4,729 -827


Kanik, Myron 4 01/11/2014 30 -50


Kanik, Myron 4 01/11/2014 30 4,894 50


Kanik, Myron 4 01/11/2014 30 5,532 -1,762


Kanik, Myron 4 04/11/2014 30 -24


Kanik, Myron 4 04/11/2014 30 5,556 24


Kanik, Myron 4 04/11/2014 30 4,729 -827

AltaGas Ltd. Common Shares LOWE, JOHN EDWARD 5 31/12/2014 10 43.25 14,486 -5,000


Mackie, David French 4 01/11/2014 30 -50


Mackie, David French 4 01/11/2014 30 4,894 50


Mackie, David French 4 01/11/2014 30 5,532 -1,762


Mackie, David French 4 04/11/2014 30 -24


Mackie, David French 4 04/11/2014 30 5,556 24


Mackie, David French 4 04/11/2014 30 4,729 -827


McCrank, Michael Neil 4 01/11/2014 30 -50


McCrank, Michael Neil 4 01/11/2014 30 4,894 50


McCrank, Michael Neil 4 01/11/2014 30 5,532 -1,762


McCrank, Michael Neil 4 04/11/2014 30 -24


McCrank, Michael Neil 4 04/11/2014 30 5,556 24


McCrank, Michael Neil 4 04/11/2014 30 4,729 -827

AltaGas Ltd. Common Shares Stein, Deborah Susan 5 15/12/2014 51 26.94 48,247 5,000

AltaGas Ltd. Options at $26.94 expiring October 6, 2021

Stein, Deborah Susan 5 15/12/2014 51 26.94 10,000 -5,000

Alter NRG Corp. Rights RSU's Bolin, Kevin 4 01/01/2015 56 2.49 30,393 15,044

Alter NRG Corp. Rights RSU's Laird, Nancy M. 4 01/01/2015 56 2.49 25,442 12,035

Alter NRG Corp. Rights RSU's Montemurro, Mark Anthony 5 01/01/2015 56 2.49 24,314 12,035

Alter NRG Corp. Rights RSU's SIM, WAYNE 4 01/01/2015 56 2.49 16,797 12,035

Insider Reporting

January 15, 2015

(2015), 38 OSCB 385



Acquired/ Disposed

Alter NRG Corp. Rights RSU's whitney, scott warren 4 09/05/2014 00

Alter NRG Corp. Rights RSU's whitney, scott warren 4 01/01/2015 56 2.49 12,035 12,035

Altitude Resources Inc. (formerly Triumph Ventures III Corporation)

Common Shares Wusaty, Eugene 3, 4 07/01/2015 10 0.195 7,234,800 2,000

Altus Group Limited Common Shares Abramsky, Michael Hillel 5 07/01/2015 58 - Expiration of rights -218

Altus Group Limited Common Shares Abramsky, Michael Hillel 5 07/01/2015 58 - Expiration of rights

20,509 -218

Altus Group Limited Common Shares Bartolini, Angelo 5 07/01/2015 58 - Expiration of rights

14,883 -163

Altus Group Limited Common Shares Chande, Narendra 5 07/01/2015 58 - Expiration of rights

23,994 -95

Altus Group Limited Common Shares Commons, Michael 5 07/01/2015 58 - Expiration of rights

27,349 -95

Altus Group Limited Common Shares COURTEAU, Robert G 4, 5 07/01/2015 58 - Expiration of rights

66,102 -1,123

Altus Group Limited Common Shares Derbyshire, Jim 5 07/01/2015 58 - Expiration of rights

94,809 -218

Altus Group Limited Common Shares Eisen, Barry Isaac 5 07/01/2015 58 - Expiration of rights

9,809 -163

Altus Group Limited Common Shares Johnston, Colin Boyd 5 07/01/2015 58 - Expiration of rights

50,111 -218

Altus Group Limited Common Shares lachance, daniel 5 07/01/2015 58 - Expiration of rights

94,139 -218

Altus Group Limited Common Shares McSweeney, Niall 5 07/01/2015 58 - Expiration of rights

4,599 -95

Altus Group Limited Common Shares Pasini, Flora Anna 5 07/01/2015 58 - Expiration of rights

4,926 -102

Altus Group Limited Common Shares Probyn, Alex 7 07/01/2015 58 - Expiration of rights

31,016 -190

Altus Group Limited Common Shares Ruggles III, Robert Knight 5 07/01/2015 58 - Expiration of rights

933,024 -218

Altus Group Limited Common Shares Turrin, Liana 5 07/01/2015 58 - Expiration of rights

9,543 -163

American Core Sectors Dividend Fund

Trust Units American Core Sectors Dividend Fund

1 07/01/2015 38 9.44 219,000 200

American Core Sectors Dividend Fund

Trust Units Lauzon, Robert 7 05/01/2015 10 9.52 0 -2,800

Amica Mature Lifestyles Inc. Common Shares Allen, Brenda 5 16/12/2014 10 6.843 139

Amica Mature Lifestyles Inc. Common Shares Allen, Brenda 5 16/12/2014 30 6.843 9,520 139

Amica Mature Lifestyles Inc. Common Shares Allen, Brenda 5 02/01/2015 30 7.06 9,817 297

Amica Mature Lifestyles Inc. Common Shares Lugowski, Mark 5 16/12/2014 10 6.8463 21

Amica Mature Lifestyles Inc. Common Shares Lugowski, Mark 5 16/12/2014 30 6.8463 1,456 21

Amica Mature Lifestyles Inc. Common Shares Lugowski, Mark 5 02/01/2015 30 7.06 1,491 35

Amica Mature Lifestyles Inc. Common Shares Salgado, Claudia 5 16/12/2014 10 6.8463 258

Amica Mature Lifestyles Inc. Common Shares Salgado, Claudia 5 16/12/2014 30 6.8463 17,315 258

Amica Mature Lifestyles Inc. Common Shares Salgado, Claudia 5 02/01/2015 30 7.06 17,541 226

Anaconda Mining Inc. Common Shares Lawrick, Victor Lewis 4 08/01/2015 10 0.05 1,170,218 200,000

Anaconda Mining Inc. Common Shares Lawrick, Victor Lewis 4 08/01/2015 10 0.05 8,889,749 -200,000

ARC Resources Ltd. Common Shares Anderson, Terry Michael 5 31/12/2014 30 5,439 1,157

ARC Resources Ltd. Common Shares Anderson, Terry Michael 5 31/12/2014 30 5,513 74

ARC Resources Ltd. Common Shares Bibby, Kristen Jon 5 11/08/2014 00

ARC Resources Ltd. Common Shares Bibby, Kristen Jon 5 31/12/2014 30 370 370

ARC Resources Ltd. Common Shares Bibby, Kristen Jon 5 31/12/2014 30 373 3

ARC Resources Ltd. Common Shares Billesberger, Jay 5 31/12/2014 30 6,160 420

ARC Resources Ltd. Common Shares Billesberger, Jay 5 31/12/2014 30 6,270 110

ARC Resources Ltd. Common Shares Calder, Sean Ross Allen 5 10/12/2014 10 23.21 3,700

ARC Resources Ltd. Common Shares Calder, Sean Ross Allen 5 10/12/2014 10 23.5 9,223 3,700

ARC Resources Ltd. Common Shares Calder, Sean Ross Allen 5 12/11/2014 97 -190 -3,723

ARC Resources Ltd. Common Shares Calder, Sean Ross Allen 5 31/12/2014 30 76 266

ARC Resources Ltd. Common Shares Calder, Sean Ross Allen 5 31/12/2014 30 121 45

ARC Resources Ltd. Common Shares Conrad, Larissa Marianne 5 31/12/2014 30 2,683 301

ARC Resources Ltd. Common Shares Conrad, Larissa Marianne 5 31/12/2014 30 2,713 30

Insider Reporting

January 15, 2015

(2015), 38 OSCB 386



Acquired/ Disposed

ARC Resources Ltd. Common Shares Dafoe, P. Van R. 5 31/12/2014 30 5,501 735

ARC Resources Ltd. Common Shares Dafoe, P. Van R. 5 31/12/2014 30 5,594 93

ARC Resources Ltd. Deferred Share Units (DSU) (Cash based only)

Dielwart, John Patrick 4 31/12/2014 56 25.9 11,811 2,269


Dyment, Fred J. 4 31/12/2014 56 25.9 19,272 1,362

ARC Resources Ltd. Common Shares Gill, Terrence Nigel 5 31/12/2014 30 66,320 1,681

ARC Resources Ltd. Common Shares Gill, Terrence Nigel 5 31/12/2014 30 67,443 1,123

ARC Resources Ltd. Common Shares Groeneveld, Neil Adrian 5 31/12/2014 30 10,000 646

ARC Resources Ltd. Common Shares Groeneveld, Neil Adrian 5 31/12/2014 30 10,179 179


Hearn, Timothy James 4 31/12/2014 56 25.9 15,206 1,362


Houck, James Curtis 4 31/12/2014 56 25.9 1,588


Houck, James Curtis 4 31/12/2014 56 25.9 21,266 1,588


Kvisle, Harold N. 4 31/12/2014 56 25.9 26,766 2,124

ARC Resources Ltd. Common Shares Lentz, Wayne 5 31/12/2014 30 23,409 1,680

ARC Resources Ltd. Common Shares Lentz, Wayne 5 31/12/2014 30 23,800 391

ARC Resources Ltd. Common Shares Nielsen, Karen Ann 5 31/12/2014 30 3,600 460

ARC Resources Ltd. Common Shares Nielsen, Karen Ann 5 31/12/2014 30 3,645 45


O'Neill, Kathleen M. 4 31/12/2014 56 25.9 24,344 1,892


Pinder, Herbert 4 31/12/2014 56 25.9 33,680 2,269


Sembo, William, George 4 31/12/2014 56 25.9 4,361 1,275

ARC Resources Ltd. Common Shares Stadnyk, Myron Maurice 4, 5 31/12/2014 30 36,382 362

ARC Resources Ltd. Common Shares Stadnyk, Myron Maurice 4, 5 31/12/2014 30 37,006 624


Van Wielingen, Mac Howard 4 31/12/2014 56 25.9 63,407 4,006

Arctic Hunter Energy Inc. Common Shares Coupland, Timothy Andrew 4, 5 07/01/2015 10 0.02 3,157,000 100,000

Arctic Hunter Energy Inc. Options Steblin, Gordon 5 09/01/2015 52 0.1 100,000 -100,000

Argent Energy Trust Trust Units Schmidt, Glen Christian 4 31/12/2014 30 3.2 26,735 3,932

Arsenal Energy Inc. Common Shares Sawatzky, Kent Lambert 5 31/12/2014 30 7.02 55,918 5,941

Artek Exploration Ltd. Common Shares Anderson, Darcy Ray 5 31/12/2014 30 3.29 477,591 8,601

Artek Exploration Ltd. Common Shares Frolek, Gregory Todd 5 31/12/2014 30 3.29 132,457 7,645

Artek Exploration Ltd. Common Shares Metcalfe, Darryl Francis Hugh

5 31/12/2014 30 3.29 4,566,570 9,557

Artek Exploration Ltd. Common Shares Nociar, Bruce Allan 5 31/12/2014 30 3.29 65,056 8,601

Artek Exploration Ltd. Common Shares Sacheli, Anthony 5 31/12/2014 30 3.29 342,080 7,755

Artek Exploration Ltd. Common Shares Swertz, Jennifer Marie 5 31/12/2014 30 3.78 662,342 4,674

Artis Real Estate Investment Trust

Options Crewson, Delmore Clair William

4 09/01/2015 51 11.28 83,000 -4,000


Units Crewson, Delmore Clair William

4 09/01/2015 51 11.28 15,462 4,000


Options Green, James 5 06/01/2015 51 11.28 440,000 -15,000


Units Green, James 5 06/01/2015 51 11.28 63,000 15,000


Deferred Units Ryan, Patrick Gowan 4 01/01/2015 56 14.18 1,824


Deferred Units Ryan, Patrick Gowan 4 02/01/2015 56 14.18 3,567 1,824


Options Thielmann, Victor 4 02/01/2015 51 11.28 -10,000


Options Thielmann, Victor 4 02/01/2015 51 11.28 -10,000


Options Thielmann, Victor 4 02/01/2015 51 11.28 83,000 -10,000


Units Thielmann, Victor 4 02/01/2015 51 11.28 40,313 10,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 387



Acquired/ Disposed

Asean Energy Corp. (formerly, Rift Basin Resources Corp.)

Common Shares van Santen, Robert Jacob 4, 5 02/01/2015 11 0.035 625,000 100,000

Aston Hill Financial Inc. Common Shares Burchell, Jeffrey John 5 31/12/2014 30 1.03 229,680 19,358

Aston Hill Financial Inc. Common Shares Cheng, Benedict 4 31/12/2014 30 1.11 8,671,153 34,984

Aston Hill Financial Inc. Common Shares Slemko, Derek Lee 5 31/12/2014 30 1.09 107,811 33,611

Aston Hill Financial Inc. Common Shares Slemko, Derek Lee 5 31/12/2014 30 1.21 36,555 15,947

Aston Hill Financial Inc. Common Shares Smith, Eldon 4 05/01/2015 30 0.975 382,036 5,536

Aston Hill Financial Inc. Common Shares Titley, Larry William 5 31/12/2014 30 1.19 336,088 18,350

Aston Hill Financial Inc. Common Shares Titley, Larry William 5 04/11/2003 00



Aston Hill Financial Inc. Common Shares TREMBLAY, Eric J.L.M. 4 31/12/2014 30 1.11 3,751,495 69,968

ATCO LTD. Non-Voting Shares Class I Charlton, Loraine M. 7 31/12/2014 10 46.816 572 2

Athabasca Oil Corporation Common Shares Fierro, Carlos Antonio 4 07/01/2015 00

Athabasca Oil Corporation Common Shares Fierro, Carlos Antonio 4 09/01/2015 10 2.23 40,000 40,000

Atlantic Power Corporation Convertible Debentures (5.75% Series C Unsecured Subordinated Debt. due 6/30/2019)

Atlantic Power Corporation 1 01/12/2014 38 67.7 $64,000 $30,000








Atlantic Power Corporation 1 09/12/2014 38 71 $1,268,000 $1,121,000


Atlantic Power Corporation 1 10/12/2014 38 71 $1,323,000 $55,000




Atlantic Power Corporation 1 15/12/2014 15 70.75 $10,000


Atlantic Power Corporation 1 15/12/2014 38 70.75 $1,436,000 $10,000









Insider Reporting

January 15, 2015

(2015), 38 OSCB 388



Acquired/ Disposed





Atlantic Power Corporation Convertible Debentures 5.6%

Atlantic Power Corporation 1 25/07/2008 00








Atlantic Power Corporation 1 09/12/2014 38 81 $52,000 $13,000

























Atlantic Power Corporation Convertible Debentures 6.25% Convertible Unsecured Subordinated Deb. due 3/15/2017

Atlantic Power Corporation 1 25/07/2008 00







Atlantic Power Corporation Convertible Debentures Convertible Deb. 6% Convertible Unsecured Subordinated Deb.






Insider Reporting

January 15, 2015

(2015), 38 OSCB 389



Acquired/ Disposed



























Atlantic Power Corporation Deferred Share Units Duncan, Richard Foster 4 31/12/2014 56 3,648

Atlantic Power Corporation Deferred Share Units Duncan, Richard Foster 4 31/12/2014 56 3,648

Atlantic Power Corporation Deferred Share Units Duncan, Richard Foster 4 31/12/2014 48 - Acquisition by inheritance or disposition by bequest

3,648

Atlantic Power Corporation Deferred Share Units Duncan, Richard Foster 4 31/12/2014 48 - Acquisition by inheritance or disposition by bequest

3,648

Atlantic Power Corporation Deferred Share Units Duncan, Richard Foster 4 31/12/2014 56 40,552 3,648

Atlantic Power Corporation Deferred Share Units Gerstein, Irving 4 31/12/2014 56 6,984 924

Atlantic Power Corporation Deferred Share Units Ladhani, Holli 4 31/12/2014 56 7,066




Atlantic Power Corporation Deferred Share Units Ladhani, Holli 4 31/12/2014 56 59,801 7,066

Atlantic Power Corporation Deferred Share Units McNeil, John Alexander 4 31/12/2014 56 924

Atlantic Power Corporation Deferred Share Units McNeil, John Alexander 4 31/12/2014 56 924

Atlantic Power Corporation Deferred Share Units McNeil, John Alexander 4 31/12/2014 56 6,984 924

Atlantic Power Corporation Deferred Share Units Ressel, Teresa 4 24/11/2014 00

Insider Reporting

January 15, 2015

(2015), 38 OSCB 390



Acquired/ Disposed

Atlantic Power Corporation Deferred Share Units Ressel, Teresa 4 31/12/2014 38 1,889

Atlantic Power Corporation Deferred Share Units Ressel, Teresa 4 31/12/2014 38 1,889

Atlantic Power Corporation Deferred Share Units Ressel, Teresa 4 31/12/2014 56 1,889 1,889


Welch, Barry 5 18/11/2004 00


Welch, Barry 5 04/12/2014 38 82.5 $13,000


Welch, Barry 5 04/12/2014 38 82.5 $13,000


Welch, Barry 5 05/12/2014 38 81.99 $13,000


Welch, Barry 5 05/12/2014 38 81.99 $13,000


Welch, Barry 5 08/12/2014 38 81.5 $13,000


Welch, Barry 5 08/12/2014 38 81.5 $13,000


Welch, Barry 5 09/12/2014 38 81 $13,000


Welch, Barry 5 09/12/2014 38 81 $13,000


Welch, Barry 5 10/12/2014 38 79.91 $67,000


Welch, Barry 5 10/12/2014 38 79.91 $67,000


Welch, Barry 5 11/12/2014 38 79.97 $44,000


Welch, Barry 5 11/12/2014 38 79.97 $44,000


Welch, Barry 5 12/12/2014 38 80 $14,000


Welch, Barry 5 12/12/2014 38 80 $14,000


Welch, Barry 5 16/12/2014 38 79.89 $88,000


Welch, Barry 5 16/12/2014 38 79.89 $88,000


Welch, Barry 5 17/12/2014 38 81.98 $163,000


Welch, Barry 5 17/12/2014 38 81.98 $163,000


Welch, Barry 5 18/12/2014 38 73.87 $72,000


Welch, Barry 5 18/12/2014 38 73.87 $72,000


Welch, Barry 5 22/12/2014 38 82.97 $88,000


Welch, Barry 5 22/12/2014 38 82.97 $88,000


Welch, Barry 5 23/12/2014 38 83.55 $138,000


Welch, Barry 5 23/12/2014 38 83.55 $138,000


Welch, Barry 5 24/12/2014 38 85.24 $38,000


Welch, Barry 5 24/12/2014 38 85.24 $38,000


Welch, Barry 5 29/12/2014 38 85.47 $13,000


Welch, Barry 5 29/12/2014 38 85.47 $13,000


Welch, Barry 5 30/12/2014 38 85.53 $13,000


Welch, Barry 5 30/12/2014 38 85.53 $13,000


Welch, Barry 5 31/12/2014 38 86 $10,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 391



Acquired/ Disposed


Welch, Barry 5 31/12/2014 38 86 $10,000

Atlas Cloud Enterprises Inc. Common Shares glass, peter nicholas martin 4 14/07/2014 10 0.07 1,000,000 750,000

Atlas Cloud Enterprises Inc. Options glass, peter nicholas martin 4 16/07/2014 00 125,000

Atna Resources Ltd. Common Shares Hesketh, James 4 08/01/2015 57 1,050,712 178,328

Atna Resources Ltd. Rights Hesketh, James 4 08/01/2015 56 438,614 178,328

Atna Resources Ltd. Rights Hesketh, James 4 08/01/2015 57 260,286 -178,328

Atna Resources Ltd. Common Shares Stanley, William Russell 5 08/01/2015 57 0.0673 719,282 112,392

Atna Resources Ltd. Rights Restricted Stock Units

Stanley, William Russell 5 08/01/2015 56 0.0673 112,392 112,392

Atna Resources Ltd. Rights Restricted Stock Units

Stanley, William Russell 5 08/01/2015 57 0.0673 0 -112,392

Atrium Mortgage Investment Corporation

Common Shares Sherman, Jeffrey Dennis 5 31/12/2014 30 17,834 1,310

ATS Automation Tooling Systems Inc.

Options Kiru, Shankar 5 31/12/2014 00

ATS Automation Tooling Systems Inc.

Options Kiru, Shankar 5 31/12/2014 50 15.23 250,000 250,000

AurCrest Gold Inc. Options Nemis, Richard 4 28/09/2014 52 0.1 200,000 -100,000

Aurinia Pharmaceuticals Inc. Options Bourgeault, Dennis 5 06/01/2015 50 4.25 177,439 147,439

Aurinia Pharmaceuticals Inc. Options Glickman, Richard 4 06/01/2015 50 210,000 10,000

Aurinia Pharmaceuticals Inc. Options Huizinga, Robert 5 23/10/2013 37 21,000 -1,029,000

Aurinia Pharmaceuticals Inc. Options Huizinga, Robert 5 06/01/2015 50 4.25 121,008 100,008

Aurinia Pharmaceuticals Inc. Options Kim, Hachul Chris 4 06/01/2015 50 4.25 10,000

Aurinia Pharmaceuticals Inc. Options Kim, Hachul Chris 4 06/01/2015 50 4.25 30,000 10,000

Aurinia Pharmaceuticals Inc. Options Mandt, Lawrence Dean 5 30/09/2013 00 65,877

Aurinia Pharmaceuticals Inc. Options Martin, Michael Robert 4, 5 14/09/2013 00 147,439

Aurinia Pharmaceuticals Inc. Options Park, Daniel 4 06/01/2015 50 4.25 30,000 10,000

Aurinia Pharmaceuticals Inc. Options Rovinski, Benjamin 4 06/01/2015 50 4.25 10,000

Aurinia Pharmaceuticals Inc. Options Rovinski, Benjamin 4 06/01/2015 50 4.25 30,000 10,000

Aurinia Pharmaceuticals Inc. Options Solomons, Neil 5 20/09/2013 00 147,439

Aurinia Pharmaceuticals Inc. Options von Emster, Kurt 4 14/02/2014 00

Aurinia Pharmaceuticals Inc. Options von Emster, Kurt 4 06/01/2015 50 4.25 10,000 10,000

Aurinia Pharmaceuticals Inc. Options Zaruby, Stephen Walter 5 06/01/2015 50 4.25 999,434 257,234

Aveda Transportation and Energy Services Inc.(formerly Phoenix Oilfield Hauling Inc.)

Common Shares Aveda Transportation and Energy Services Inc.

1 31/12/2014 00

Aveda Transportation and Energy Services Inc.(formerly Phoenix Oilfield Hauling Inc.)

Common Shares Aveda Transportation and Energy Services Inc.

1 31/12/2014 38 2.22 1,000 1,000

Avigilon Corporation Common Shares Tadeu Felix Simoes, Pedro Vasco

5 02/01/2015 51 1 15,000 15,000

Avigilon Corporation Common Shares Tadeu Felix Simoes, Pedro Vasco

5 02/01/2015 10 18.806 9,638 -5,362

Avigilon Corporation Options Tadeu Felix Simoes, Pedro Vasco

5 02/01/2015 51 1 110,000 -15,000

Axia NetMedia Corporation Common Shares Hartslief, Alan Guy 5 04/12/2014 30 2.88 142,085 733

Axia NetMedia Corporation Common Shares Hartslief, Alan Guy 5 22/12/2014 30 3.11 142,764 679

Axia NetMedia Corporation Common Shares Hua, Corinne 5 04/12/2014 30 2.88 98,573 369

Axia NetMedia Corporation Common Shares Hua, Corinne 5 22/12/2014 30 3.11 98,915 342

Axia NetMedia Corporation Common Shares Price, Arthur R. 4, 5 04/12/2014 30 2.88 1,683,213 1,628

Axia NetMedia Corporation Common Shares Price, Arthur R. 4, 5 22/12/2014 30 3.11 1,684,722 1,509

Axia NetMedia Corporation Common Shares Sigler, Murray 5 04/12/2014 30 2.88 298,899 733

Axia NetMedia Corporation Common Shares Sigler, Murray 5 22/12/2014 30 3.11 299,578 679

Bank of Montreal Common Shares Bank of Montreal 1 05/12/2014 38 80.217 198,000 198,000





Bank of Montreal Common Shares Bank of Montreal 1 12/12/2014 38 800,000 -198,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 392



Acquired/ Disposed



























Bank of Montreal Common Shares Bank of Montreal 1 05/01/2015 38 80.217 198,000

Bank of Montreal Common Shares Bank of Montreal 1 05/01/2015 38 80.217 198,000


Bank of Montreal Common Shares Bank of Montreal 1 06/01/2015 38 0 -150,000

Bank of Nova Scotia, The Common Shares Bank of Nova Scotia, The 1 29/12/2014 38 66.988 2,000,000 180,448

Bankers Petroleum Ltd. Common Shares Beveridge, Bruce 5 31/12/2014 30 3.68 17,447 1,931

Bankers Petroleum Ltd. Common Shares Beveridge, Bruce 5 31/12/2014 30 19,314 1,867

Bankers Petroleum Ltd. Rights ESPP Right Beveridge, Bruce 5 31/12/2014 30 7,447 1,931

Bankers Petroleum Ltd. Rights ESPP Right Beveridge, Bruce 5 31/12/2014 30 5,580 -1,867

Bankers Petroleum Ltd. Common Shares Carss, Robert 5 31/12/2014 30 3.68 19,260 1,930

Bankers Petroleum Ltd. Common Shares Carss, Robert 5 31/12/2014 30 20,735 1,475

Bankers Petroleum Ltd. Rights ESPP Right Carss, Robert 5 31/12/2014 30 7,054 1,930

Bankers Petroleum Ltd. Rights ESPP Right Carss, Robert 5 31/12/2014 30 5,579 -1,475

Bankers Petroleum Ltd. Common Shares Cobo, Leonidha 7 31/12/2014 30 85,314 1,660

Bankers Petroleum Ltd. Rights ESPP Right Cobo, Leonidha 7 31/12/2014 30 0 -1,660

Bankers Petroleum Ltd. Common Shares French, David 4, 5 31/12/2014 30 3.68 178,487 3,826

Bankers Petroleum Ltd. Common Shares French, David 4, 5 31/12/2014 30 181,560 3,073

Bankers Petroleum Ltd. Rights ESPP Right French, David 4, 5 31/12/2014 30 8,206 3,826

Bankers Petroleum Ltd. Rights ESPP Right French, David 4, 5 31/12/2014 30 5,133 -3,073

Bankers Petroleum Ltd. Common Shares Gupta, Suneel Krishan 7, 5 31/12/2014 30 3.68 458,287 2,527

Bankers Petroleum Ltd. Common Shares Gupta, Suneel Krishan 7, 5 31/12/2014 30 460,315 2,028

Bankers Petroleum Ltd. Rights ESPP Right Gupta, Suneel Krishan 7, 5 31/12/2014 30 9,332 2,527

Bankers Petroleum Ltd. Rights ESPP Right Gupta, Suneel Krishan 7, 5 31/12/2014 30 7,304 -2,028

Bankers Petroleum Ltd. Common Shares Nardone, Craig Donaldson 5 31/12/2014 30 3.68 87,661 2,036

Bankers Petroleum Ltd. Common Shares Nardone, Craig Donaldson 5 31/12/2014 30 89,289 1,628

Bankers Petroleum Ltd. Rights ESPP Right Nardone, Craig Donaldson 5 31/12/2014 30 7,512 2,036

Bankers Petroleum Ltd. Rights ESPP Right Nardone, Craig Donaldson 5 31/12/2014 30 5,884 -1,628

Bankers Petroleum Ltd. Common Shares URCH, Douglas Charles 5 31/12/2014 30 3.68 958,927 2,527

Bankers Petroleum Ltd. Common Shares URCH, Douglas Charles 5 31/12/2014 30 960,955 2,028

Bankers Petroleum Ltd. Rights ESPP Right URCH, Douglas Charles 5 31/12/2014 30 9,332 2,527

Bankers Petroleum Ltd. Rights ESPP Right URCH, Douglas Charles 5 31/12/2014 30 7,304 -2,028

Banro Corporation Common Shares Clarke, John Allen 4, 5 08/01/2015 10 0.185 488,000 250,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 393



Acquired/ Disposed

Banro Corporation Common Shares KONDRAT, ARNOLD T. 4, 5 08/01/2015 10 0.18 534,532 200,000

Banro Corporation Common Shares KONDRAT, ARNOLD T. 4, 5 09/01/2015 10 18.5 536,032 1,500

Banro Corporation Common Shares KONDRAT, ARNOLD T. 4, 5 09/01/2015 10 19 584,532 48,500

Banyan Gold Corp. (Formerly Banyan Coast Capital Corp.)

Common Shares Class “A”

Ayranto, Mark 3, 4 07/01/2015 10 560,500 2,000



Ayranto, Mark 3, 4 08/01/2015 10 568,500 8,000



Collins, Allan Jay 3, 4 16/12/2014 10 0.03 3,449,000 3,000



Collins, Allan Jay 3, 4 26/12/2014 10 0.035 3,544,000 95,000

Barrick Gold Corporation Rights Deferred Share Units (cash settled)

Birchall, Charles William David

4, 5 15/12/2014 30 11.47 4,229 18


Cisneros, Gustavo Alfredo 4 15/12/2014 30 11.47 59,008 256


Cisneros, Gustavo Alfredo 4 02/01/2015 56 10.6 63,725 4,717


Evans, John Michael 4 15/12/2014 30 11.47 2,272 10


Evans, John Michael 4 02/01/2015 56 10.6 6,989 4,717


Goodman, Ned 4 02/01/2015 30 11.47 5,228 22


Goodman, Ned 4 02/01/2015 56 10.6 9,945 4,717


Greenspun, Brian Lee 4 15/12/2014 30 11.47 1,704 7


Greenspun, Brian Lee 4 02/01/2015 56 10.6 5,242 3,538


Harvey, Joseph Brett 4 15/12/2014 30 11.47 32,065 139


Harvey, Joseph Brett 4 02/01/2015 56 10.6 36,782 4,717


Lockhart, Nancy 4 15/12/2014 30 11.47 5,228 22


Lockhart, Nancy 4 02/01/2015 56 10.6 9,945 4,717


Moyo, Dambisa 4 15/12/2014 30 11.47 15,495 67


Moyo, Dambisa 4 02/01/2015 56 10.6 18,089 2,594


Munk, Anthony 4 15/12/2014 30 11.47 47,617 206


Munk, Anthony 4 02/01/2015 56 10.6 52,334 4,717


Naylor, Christopher David (David)

4 15/12/2014 30 11.47 5,228 22


Naylor, Christopher David (David)

4 02/01/2015 56 10.6 9,945 4,717


Shapiro, Steven J. 4 15/12/2014 30 11.47 30,242 131


Shapiro, Steven J. 4 02/01/2015 56 10.6 32,836 2,594


Thornton, John Lawson 4, 5 15/12/2014 30 11.47 1,111 5


Thrasher, Ernie Leo 4 15/12/2014 30 11.47 5,228 22


Thrasher, Ernie Leo 4 02/01/2015 56 10.6 9,945 4,717

Baylin Technologies Inc. Deferred Share Units Day, Stockwell 4 31/12/2014 56 3.05 4,527 409

Baylin Technologies Inc. Deferred Share Units Jones, Douglas Aubrey 4 31/12/2014 56 3.05 4,527 409

Baylin Technologies Inc. Deferred Share Units Reiter, Barry 4 31/12/2014 56 3.05 12,072 1,091

Baylin Technologies Inc. Deferred Share Units SIMMONDS, DONALD E. 4 31/12/2014 56 3.05 4,527 409

Baylin Technologies Inc. Deferred Share Units Wolkin, Harold Morton 4 31/12/2014 56 3.05 6,034 546

Baytex Energy Corp. Common Shares Ector, Brian Gordon 5 09/01/2015 10 17.32 2,401 401

Baytex Energy Corp. Common Shares Ector, Brian Gordon 5 09/01/2015 10 17.34 2,501 501

Insider Reporting

January 15, 2015

(2015), 38 OSCB 394



Acquired/ Disposed

BCE Inc. Share Units Dexter, Robert P. 4 31/12/2014 56 53.46 16,720 275

Bellatrix Exploration Ltd. Common Shares Dunn, William Carmichael 4 06/01/2015 10 3.51 838,228 22,000

Bellatrix Exploration Ltd. Deferred Share Units Johnson, Robert Anthony 4 31/12/2014 56 115,597 4,502

Bellatrix Exploration Ltd. Options Laing, David 5 01/12/2014 00

Bellatrix Exploration Ltd. Options Laing, David 5 01/12/2014 00 162,000

Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 05/01/2015 10 3.86 3,918,950 1,700








Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 06/01/2015 10 3.45 4,036,450 300

Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 05/01/2015 10 3.86 3,918,950 1,700








Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 06/01/2015 10 3.45 4,036,450 300

Bellatrix Exploration Ltd. Common Shares Turnbull, Keith Stewart 4 08/01/2015 10 3.5 20,000 10,000

Big Rock Labs Inc. Common Shares KAINE, MATTHEW 5 05/01/2015 11 0.3 1,096,132 333,000

Big Rock Labs Inc. Common Shares Seemann, Harald 4 02/01/2015 10 1.1 7,921,749 100

Big Rock Labs Inc. Common Shares Seemann, Harald 4 07/01/2015 10 0.82 7,919,749 -2,000



Big Rock Labs Inc. Common Shares Tabios, Robert 8 05/01/2015 11 0.3 20,500 -333,000

bioMmune Technologies Inc. Common Shares Pearson, Terry 4 16/12/2014 00

bioMmune Technologies Inc. Options Pearson, Terry 4 16/12/2014 00

BIOTEQ ENVIRONMENTAL TECHNOLOGIES INC.

Deferred Share Units Kim, Paul Jino 5 02/01/2015 56 0.04 410,614 36,458

Bird Construction Inc. Options Stock Options Boyd, Ian Jeffrey 5 02/01/2015 50 11.87 150,000 100,000

Bird Construction Inc. Rights Deferred Share Units

Doyle, Donald Gregory 4 05/01/2015 56 11,918 1,681


DuPont, Bonnie Dianne Rose

4 05/01/2015 56 11,117 1,753


Munkley, Ronald David 4 05/01/2015 56 9,222 1,371


Thorsteinson, Arni Clayton 4 05/01/2015 56 9,213 1,384

Black Diamond Group Limited

Common Shares Lewis, Mark Damon 5 06/01/2015 90 5,672 293

Black Diamond Group Limited

Common Shares Lewis, Mark Damon 5 06/01/2015 90 585 -293

Black Widow Resources Inc. Common Shares Novak, Neil 4, 5 23/12/2014 10 0.045 9,000

Black Widow Resources Inc. Common Shares Novak, Neil 4, 5 23/12/2014 10 0.045 2,106,700 19,000

Black Widow Resources Inc. Common Shares Novak, Neil 4, 5 07/01/2015 10 0.045 2,107,700 1,000

Blue Ribbon Income Fund (formerly Citadel Diversified Investment Trust)

Trust Units Blue Ribbon Income Fund 1 30/12/2014 38 10.42 3,000 3,000


Trust Units Blue Ribbon Income Fund 1 30/12/2014 38 10.42 0 -3,000


Trust Units Blue Ribbon Income Fund 1 31/12/2014 38 10.34 300 300


Trust Units Blue Ribbon Income Fund 1 31/12/2014 38 10.34 0 -300

Insider Reporting

January 15, 2015

(2015), 38 OSCB 395



Acquired/ Disposed

Boardwalk Real Estate Investment Trust

Deferred Units (Convert to TU and/or cash)

Brimmell, Jonathan David 5 31/12/2014 30 62.13 10,655 826



Burns, Patrick Dean 5 31/12/2014 30 62.13 17,938 1,059



Chidley, William Glenn 5 31/12/2014 30 62.13 24,952 1,419



DEWALD, James Richard 4 31/12/2014 30 62.13 6,550 266



Dingle, Ian Peter 5 31/12/2014 30 62.13 6,463 592



GEREMIA, ROBERTO 5 31/12/2014 30 62.13 32,357 1,851



Goodman, Gary Michael 4 31/12/2014 30 62.13 8,493 372



Guyette, Michael 5 31/12/2014 30 62.13 9,091 716



Havener, Jr., Arthur Lee 4 31/12/2014 30 62.13 9,510 478



Mahajan, Kelly Kulwant 5 31/12/2014 30 62.13 5,615 664



Mawani, Al 4 31/12/2014 30 62.13 7,623 372



Mix, Helen May 5 31/12/2014 30 62.13 11,582 790



Russell, Lisa Maureen 5 31/12/2014 30 62.13 11,709 839



Stephen, Andrea 4 31/12/2014 30 62.13 5,488 372



Wong, William 5 31/12/2014 30 62.13 18,926 1,168



Zigomanis, William 5 31/12/2014 30 62.13 10,147 714

Bombardier Inc. Options Allmer, Per 5 01/01/2015 00 234,305

Bombardier Inc. Performance Share Units/Unites d'actions liees au rendement

Allmer, Per 5 01/01/2015 00 91,230

Bombardier Inc. Subordinate Voting Shares Classe B/ Class B Shares ( Subordinate Voting)

Allmer, Per 5 01/01/2015 00 817

Bonavista Energy Corporation

Common Share Rights (TURIPS)

Hamilton, Glenn A. 5 31/12/2014 58 - Expiration of rights

25,000 -9,000



Hamilton, Glenn A. 5 02/01/2015 58 - Expiration of rights

18,750 -6,250


Common Shares Hamilton, Glenn A. 5 01/01/2015 57 8,452


Common Shares Hamilton, Glenn A. 5 01/01/2015 57 104,277 5,156














Common Shares Hamilton, Glenn A. 5 22/12/2011 47 -2,250


Common Shares Hamilton, Glenn A. 5 22/12/2011 47 90,837 -1,250


Common Shares Hamilton, Glenn A. 5 08/01/2015 10 6.65 0 -55,744

Insider Reporting

January 15, 2015

(2015), 38 OSCB 396



Acquired/ Disposed


Options Hamilton, Glenn A. 5 01/07/2012 50 15.21 13,096


Options Hamilton, Glenn A. 5 01/07/2012 50 15.21 140,481 13,097


Options Hamilton, Glenn A. 5 01/07/2012 50 15.21 13,096


Options Hamilton, Glenn A. 5 01/07/2012 50 15.21 153,578 13,097


Options Hamilton, Glenn A. 5 02/01/2015 52 -6,250


Restricted Share Awards (RSA)

Hamilton, Glenn A. 5 08/07/2014 57 -1,763



Hamilton, Glenn A. 5 08/07/2014 57 -1,763



Hamilton, Glenn A. 5 01/01/2015 57 -8,452



Hamilton, Glenn A. 5 01/01/2015 57 94,060 -8,000



Hamilton, Glenn A. 5 01/01/2015 57 -6,765



Hamilton, Glenn A. 5 01/01/2015 57 87,960 -6,100



Hamilton, Glenn A. 5 01/01/2015 57 -1,955



Hamilton, Glenn A. 5 01/01/2015 57 86,197 -1,763



Jensen, Bruce Wayne 5 01/01/2011 00



Jensen, Bruce Wayne 5 01/01/2011 00 79,625



Jensen, Bruce Wayne 5 31/12/2014 58 - Expiration of rights

18,000 -4,375



Jensen, Bruce Wayne 5 02/01/2015 58 - Expiration of rights

13,500 -4,500


Common Shares Jensen, Bruce Wayne 5 02/01/2015 57 4,991


Common Shares Jensen, Bruce Wayne 5 02/01/2015 57 58,462 3,087




Common Shares Jensen, Bruce Wayne 5 02/01/2015 57 59,176 714




Common Shares Jensen, Bruce Wayne 5 02/01/2015 57 62,398 3,222


Options Jensen, Bruce Wayne 5 02/01/2015 52 -4,500



Jensen, Bruce Wayne 5 02/01/2015 57 -5,282



Jensen, Bruce Wayne 5 02/01/2015 57 95,000 -5,000






Jensen, Bruce Wayne 5 02/01/2015 57 90,500 -4,500






Jensen, Bruce Wayne 5 02/01/2015 57 89,550 -950



Kobelka, Dean Mark 5 31/12/2014 58 - Expiration of rights

20,000 -7,500



Kobelka, Dean Mark 5 02/01/2015 58 - Expiration of rights

15,000 -5,000


Common Shares Kobelka, Dean Mark 5 22/12/2014 10 5000 5,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 397



Acquired/ Disposed


Common Shares Kobelka, Dean Mark 5 22/12/2014 10 7.34 72,918 5,000


Common Shares Kobelka, Dean Mark 5 02/01/2015 57 5,282


Common Shares Kobelka, Dean Mark 5 02/01/2015 57 76,140 3,222






Common Shares Kobelka, Dean Mark 5 02/01/2015 57 79,227 3,087




Common Shares Kobelka, Dean Mark 5 02/01/2015 57 79,941 714


Options Kobelka, Dean Mark 5 02/01/2015 52 -5,000



Kobelka, Dean Mark 5 02/01/2015 57 -5,282






Kobelka, Dean Mark 5 02/01/2015 57 62,750 -5,000









Kobelka, Dean Mark 5 02/01/2015 57 58,250 -4,500






Kobelka, Dean Mark 5 02/01/2015 57 -714



Kobelka, Dean Mark 5 02/01/2015 57 57,300 -950


Common Shares Lake, Magni 5 18/03/2014 57 15.8 6,190


Common Shares Lake, Magni 5 18/03/2014 57 15.8 8,404 6,219


Common Shares Lake, Magni 5 02/01/2015 57 3,697


Common Shares Lake, Magni 5 02/01/2015 57 10,660 2,256



Lake, Magni 5 18/03/2014 57 15.8 -10,594



Lake, Magni 5 18/03/2014 57 15.8 30,500 -10,000



Lake, Magni 5 01/01/2015 57 -3,697



Lake, Magni 5 01/01/2015 57 48,000 -3,500


Common Shares Lee, Susan 4 01/01/2015 57 5,282


Common Shares Lee, Susan 4 01/01/2015 57 21,222 3,222



Lee, Susan 4 01/01/2015 57 -5,282



Lee, Susan 4 01/01/2015 57 10,000 -5,000



MacPhail, Keith A.J. 4, 5 30/06/2014 58 - Expiration

of rights

25.78 31,250 -7,500



MacPhail, Keith A.J. 4, 5 02/01/2015 58 - Expiration of rights

18,750 -6,250

Insider Reporting

January 15, 2015

(2015), 38 OSCB 398



Acquired/ Disposed


Common Shares MacPhail, Keith A.J. 4, 5 02/01/2015 57 2,641


Common Shares MacPhail, Keith A.J. 4, 5 02/01/2015 57 5,264,952 1,611


Options MacPhail, Keith A.J. 4, 5 02/01/2015 52 -6,250



MacPhail, Keith A.J. 4, 5 01/01/2015 57 -2,641



MacPhail, Keith A.J. 4, 5 01/01/2015 57 12,500 -2,500



Merkel, Wayne Edward 5 01/01/2011 00



Merkel, Wayne Edward 5 01/01/2011 00 85,625



Merkel, Wayne Edward 5 31/12/2014 58 - Expiration of rights

18,000 -4,375



Merkel, Wayne Edward 5 02/01/2015 58 - Expiration of rights

13,500 -4,500


Common Shares Merkel, Wayne Edward 5 02/01/2015 57 4,754


Common Shares Merkel, Wayne Edward 5 02/01/2015 57 64,369 2,900




Common Shares Merkel, Wayne Edward 5 02/01/2015 57 67,456 3,087




Common Shares Merkel, Wayne Edward 5 02/01/2015 57 68,170 714


Options Merkel, Wayne Edward 5 02/01/2015 52 -4,500



Merkel, Wayne Edward 5 02/01/2015 57 -4,754



Merkel, Wayne Edward 5 02/01/2015 57 60,250 -4,500






Merkel, Wayne Edward 5 02/01/2015 57 55,750 -4,500






Merkel, Wayne Edward 5 02/01/2015 57 54,800 -950



Poelzer, Ronald J.M. 4, 5 02/07/2013 57 8.93 75,000 -15,000



Poelzer, Ronald J.M. 4, 5 31/12/2014 58 - Expiration of rights

25,000 -7,500



Poelzer, Ronald J.M. 4, 5 02/01/2015 58 - Expiration of rights

18,750 -6,250


Common Shares Poelzer, Ronald J.M. 4, 5 02/01/2015 57 2,641


Common Shares Poelzer, Ronald J.M. 4, 5 02/01/2015 57 202,205 1,611


Options Poelzer, Ronald J.M. 4, 5 02/07/2013 51 8.89 -15,000


Options Poelzer, Ronald J.M. 4, 5 02/01/2015 52 -6,250



Poelzer, Ronald J.M. 4, 5 02/01/2015 57 -2,641



Poelzer, Ronald J.M. 4, 5 02/01/2015 57 12,500 -2,500



Ranger, Colin 5 02/01/2015 58 - Expiration of rights

3,225 -1,075


Common Shares Ranger, Colin 5 02/01/2015 57 2,113

Insider Reporting

January 15, 2015

(2015), 38 OSCB 399



Acquired/ Disposed


Common Shares Ranger, Colin 5 02/01/2015 57 16,474 1,289


Common Shares Ranger, Colin 5 02/01/2015 57 1,719


Common Shares Ranger, Colin 5 02/01/2015 57 17,537 1,063


Common Shares Ranger, Colin 5 02/01/2015 57 610


Common Shares Ranger, Colin 5 02/01/2015 57 17,950 413


Options Ranger, Colin 5 02/01/2015 52 -1,075



Ranger, Colin 5 01/10/2014 00



Ranger, Colin 5 01/10/2014 00 22,900



Ranger, Colin 5 02/01/2015 57 -2,113



Ranger, Colin 5 02/01/2015 57 38,900 -2,000



Ranger, Colin 5 02/01/2015 57 -1,719



Ranger, Colin 5 02/01/2015 57 37,350 -1,550



Ranger, Colin 5 02/01/2015 57 -610



Ranger, Colin 5 02/01/2015 57 36,800 -550



Robinson, Lynda Julie 5 31/12/2014 58 - Expiration of rights

15,000 -3,000



Robinson, Lynda Julie 5 02/01/2015 58 - Expiration of rights

11,250 -3,750


Common Shares Robinson, Lynda Julie 5 02/01/2015 57 4,754


Common Shares Robinson, Lynda Julie 5 02/01/2015 57 35,206 2,900


Common Shares Robinson, Lynda Julie 5 02/01/2015 57 3,881


Common Shares Robinson, Lynda Julie 5 02/01/2015 57 37,607 2,401


Common Shares Robinson, Lynda Julie 5 02/01/2015 57 964


Common Shares Robinson, Lynda Julie 5 02/01/2015 57 38,261 654


Options Robinson, Lynda Julie 5 02/01/2015 52 -3,750



Robinson, Lynda Julie 5 02/01/2015 57 -4,754



Robinson, Lynda Julie 5 02/01/2015 57 55,640 -4,500



Robinson, Lynda Julie 5 02/01/2015 57 -3,881



Robinson, Lynda Julie 5 02/01/2015 57 52,140 -3,500



Robinson, Lynda Julie 5 02/01/2015 57 -964



Robinson, Lynda Julie 5 02/01/2015 57 51,270 -870



Skehar, Jason Edward 4, 5 31/12/2014 58 - Expiration of rights

37,500 -11,250



Skehar, Jason Edward 4, 5 02/01/2015 58 - Expiration of rights

28,125 -9,375


Common Shares Skehar, Jason Edward 4, 5 02/01/2015 57 16,728


Common Shares Skehar, Jason Edward 4, 5 02/01/2015 57 179,414 10,204

Insider Reporting

January 15, 2015

(2015), 38 OSCB 400



Acquired/ Disposed










Options Skehar, Jason Edward 4, 5 02/01/2015 52 -9,375



Skehar, Jason Edward 4, 5 04/12/2013 57 13.61 -34,629



Skehar, Jason Edward 4, 5 04/12/2013 57 13.61 134,667 -33,334



Skehar, Jason Edward 4, 5 08/07/2014 57 -1,637



Skehar, Jason Edward 4, 5 08/07/2014 57 211,500 -2,500



























Spence, Harold R. 5 31/12/2010 22 122,500



Spence, Harold R. 5 31/12/2010 22 118,500 118,500



Spence, Harold R. 5 31/12/2014 58 - Expiration

of rights

16.11 18,500 -5,000



Spence, Harold R. 5 02/01/2015 58 - Expiration of rights

13,875 -4,625


Common Shares Spence, Harold R. 5 02/01/2015 57 4,754


Common Shares Spence, Harold R. 5 02/01/2015 57 224,471 2,900




Common Shares Spence, Harold R. 5 02/01/2015 57 227,215 2,744




Common Shares Spence, Harold R. 5 02/01/2015 57 227,929 714


Options Spence, Harold R. 5 02/01/2015 52 -4,625



Spence, Harold R. 5 02/01/2015 57 -4,754



Spence, Harold R. 5 02/01/2015 57 54,900 -4,500



Spence, Harold R. 5 02/01/2015 57 -4,436



Spence, Harold R. 5 02/01/2015 57 50,900 -4,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 401



Acquired/ Disposed



Spence, Harold R. 5 02/01/2015 57 -1,053



Spence, Harold R. 5 02/01/2015 57 49,950 -950



Stewart, Cory James 5 01/01/2013 00 26,250



Stewart, Cory James 5 17/03/2014 58 - Expiration

of rights

17.7 17,500 -8,750


Common Shares Stewart, Cory James 5 02/01/2015 57 3,697


Common Shares Stewart, Cory James 5 02/01/2015 57 23,943 2,256


Common Shares Stewart, Cory James 5 02/01/2015 57 2,961


Common Shares Stewart, Cory James 5 02/01/2015 57 25,774 1,831


Common Shares Stewart, Cory James 5 02/01/2015 57 610


Common Shares Stewart, Cory James 5 02/01/2015 57 26,187 413


Options Stewart, Cory James 5 01/01/2013 00


Options Stewart, Cory James 5 01/01/2013 00 47,400


Options Stewart, Cory James 5 17/03/2014 52 18.33 -8,750



Stewart, Cory James 5 03/07/2013 57 -5,200



Stewart, Cory James 5 03/07/2013 57 27,020 -4,950















Stewart, Cory James 5 02/01/2015 57 -610



Stewart, Cory James 5 02/01/2015 57 40,560 -550

Boomer Financial Inc. Common Shares Anderson, Keith 4 30/12/2014 00

Boomer Financial Inc. Common Shares Anderson, Keith 4 30/12/2014 00 246,990

Boomer Financial Inc. Common Shares Meagher, Patrick Joseph 4 30/12/2014 00 56,057

Boomer Financial Inc. Common Shares Naughty, Blair Lawrence 4 30/12/2014 00 336,742

Boomer Financial Inc. Common Shares Naughty, Blair Lawrence 4 30/12/2014 00 19,808

Braveheart Resources Inc. (formerly, Rainbow Resources Inc.)

Common Shares Falconer, Alexander 3, 4, 5 31/12/2014 16 0.05 870,900 700,000


Warrants Falconer, Alexander 3, 4, 5 31/12/2014 16 0.1 384,200 350,000


Common Shares Murray, Robert Brian 3, 4, 5 30/12/2014 16 0.05 884,100 700,000


Warrants Murray, Robert Brian 3, 4, 5 30/12/2014 16 0.1 752,500 700,000

Bri-Chem Corp. Common Shares Campbell, Brian Keith 3, 4 18/12/2014 10 1.22 2,088,750 -5,000



Insider Reporting

January 15, 2015

(2015), 38 OSCB 402



Acquired/ Disposed

BrightPath Early Learning Inc. (formerly Edleun Group, Inc.)

Common Shares BrightPath Early Learning Inc.

1 05/01/2015 38 0.35 165,500 5,000

Brixton Metals Corporation Common Shares Thompson, Gary Robert 6 02/01/2015 10 0.14 609,084 8,000



Brookfield Asset Management Inc.

Deferred Share Units Coutu, Marcel R. 4 31/12/2014 30 58.51 20,573 61






Deferred Share Units Kempston Darkes, V. Maureen

4 31/12/2014 30 58.51 27,662 81



4 31/12/2014 30 50.41 27,667 5



4 31/12/2014 56 50.41 28,076 409


Deferred Share Units Kerr, David Wylie 4 31/12/2014 30 58.51 13,755 39






Deferred Share Units Liebman, Lance Malcolm 4 31/12/2014 30 58.51 25,208 74






Deferred Share Units Lind, Philip Bridgman 4 31/12/2014 30 58.51 74,145 221






Common Shares Class A Limited Voting

Madon, Cyrus 5 23/12/2014 47 2,979 -200


Deferred Share Units McKenna, Frank 4 31/12/2014 30 58.51 67,976 183


Deferred Share Units McKenna, Frank 4 31/12/2014 30 50.41 68,004 28


Deferred Share Units McKenna, Frank 4 31/12/2014 56 50.41 70,484 2,480


Deferred Share Units Nasr, Youssef 8 31/12/2014 30 58.51 9,030 24






Deferred Share Units O'Donnell, Augustine Thomas

4 31/12/2014 30 58.51 5,411 8



4 31/12/2014 30 50.41 5,420 9



4 31/12/2014 56 50.41 6,201 781


Deferred Share Units Pattison, James A. 4 31/12/2014 30 58.51 42,664 123






Deferred Share Units Seek, Ngee Huat 4 31/12/2014 30 58.51 7,614 15



Insider Reporting

January 15, 2015

(2015), 38 OSCB 403



Acquired/ Disposed




Deferred Share Units Taylor, Diana 4 31/12/2014 30 58.51 9,630 22






Deferred Share Units Taylor, George Simpson 4 31/12/2014 30 58.51 60,415 182





Brookfield Property Partners L.P.

Limited Partnership Units Brookfield Property Partners L.P.

1 12/12/2014 00



1 12/12/2014 10 22.569 42,717



1 12/12/2014 10 22.569 42,717 42,717



1 15/12/2014 10 22.341 108,457 65,740



1 16/12/2014 10 22.494 171,057 62,600



1 17/12/2014 10 22.501 222,557 51,500



1 31/12/2014 38 0 -222,557

Brookfield Renewable Power Preferred Equity Inc.

Common Shares Brookfield Renewable Energy Partners L.P.

3 01/01/2015 97 1 0 -1



3 28/11/2011 00



3 01/01/2015 97 1 1 1

Buffalo Coal Corp. (formerly Forbes & Manhattan Coal Corp.)

Common Shares Resource Capital Fund V L.P.

3 07/01/2015 11 0.0962 30,277,473 2,722,704

CAE Inc. Deferred Share Units Barents, Brian 4 31/12/2014 56 15.09 86,594 2,874

CAE Inc. Deferred Share Units Fortier, Michael M 4 31/12/2014 56 15.09 27,882 1,366

CAE Inc. Deferred Share Units Gagne, Paul Ernest 4 31/12/2014 56 15.09 99,880 4,287

CAE Inc. Deferred Share Units Hankinson, James Floyd 4 31/12/2014 56 15.09 116,926 3,015

CAE Inc. Deferred Share Units Manley, John Paul 4 31/12/2014 56 15.09 69,119 4,145

CAE Inc. Deferred Share Units Schoomaker, Peter J. 4 31/12/2014 56 15.09 62,297 3,702

CAE Inc. Deferred Share Units Stevens, Andrew John 4 31/12/2014 56 15.09 19,459 2,564

CAE Inc. Deferred Share Units Stevenson, Katharine Berghuis

4 31/12/2014 56 15.09 72,630 3,057

CAE Inc. Deferred Share Units Walsh, Kathleen 4 31/12/2014 56 15.09 15,207 2,379

Calfrac Well Services Ltd. Deferred Share Units Baker, Kevin Robert 4 06/01/2015 59 9.71 -10,000

Calfrac Well Services Ltd. Deferred Share Units Baker, Kevin Robert 4 06/01/2015 59 9.71 -10,000

Calfrac Well Services Ltd. Deferred Share Units Baker, Kevin Robert 4 06/01/2015 59 9.87 0 -10,000

Calfrac Well Services Ltd. Deferred Share Units Blair, James S. 4 09/01/2015 59 9.49 0 -10,000

Calfrac Well Services Ltd. Deferred Share Units Fletcher, Gregory Scott 4 09/01/2015 59 9.49 0 -10,000

Calfrac Well Services Ltd. Options 2004 Stock Option Plan

Gall, Christopher Kenneth 5 01/01/2015 56 9.98 45,000


Gall, Christopher Kenneth 5 01/01/2015 56 9.98 45,000


Gall, Christopher Kenneth 5 01/01/2015 56 9.98 169,000 45,000

Calfrac Well Services Ltd. RSU Gall, Christopher Kenneth 5 01/01/2015 56 10,000

Calfrac Well Services Ltd. RSU Gall, Christopher Kenneth 5 01/01/2015 56 10,000

Calfrac Well Services Ltd. RSU Gall, Christopher Kenneth 5 01/01/2015 59 9.98 -6,532

Calfrac Well Services Ltd. RSU Gall, Christopher Kenneth 5 01/01/2015 59 9.98 -6,532

Calfrac Well Services Ltd. RSU Gall, Christopher Kenneth 5 01/01/2015 59 9.98 8,668 -6,532

Calfrac Well Services Ltd. Deferred Share Units Gartner, Lorne 4 08/01/2015 59 9.6 0 -10,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 404



Acquired/ Disposed

Calfrac Well Services Ltd. Common Shares Kuntz, Roderick Pius 5 25/07/2012 00

Calfrac Well Services Ltd. Common Shares Kuntz, Roderick Pius 5 06/01/2015 10 9.29 3,000 3,000


Kuntz, Roderick Pius 5 01/01/2015 50 9.98 45,000


Kuntz, Roderick Pius 5 01/01/2015 50 9.98 45,000


Kuntz, Roderick Pius 5 01/01/2015 50 9.98 173,800 45,000

Calfrac Well Services Ltd. RSU Kuntz, Roderick Pius 5 01/01/2015 56 10,000

Calfrac Well Services Ltd. RSU Kuntz, Roderick Pius 5 01/01/2015 56 10,000

Calfrac Well Services Ltd. RSU Kuntz, Roderick Pius 5 01/01/2015 59 9.98 -6,888

Calfrac Well Services Ltd. RSU Kuntz, Roderick Pius 5 01/01/2015 59 9.98 8,336 -6,888

Calfrac Well Services Ltd. Common Shares Leier, Chad Jeremy 5 01/01/2015 57 9.98 3,802

Calfrac Well Services Ltd. Common Shares Leier, Chad Jeremy 5 01/01/2015 57 9.98 3,802

Calfrac Well Services Ltd. Common Shares Leier, Chad Jeremy 5 01/01/2015 57 9.98 5,802 3,802


Leier, Chad Jeremy 5 02/06/2014 37 73,500


Leier, Chad Jeremy 5 02/06/2014 37 73,500


Leier, Chad Jeremy 5 01/01/2015 50 9.98 30,000


Leier, Chad Jeremy 5 01/01/2015 50 9.98 103,500 30,000

Calfrac Well Services Ltd. RSU Leier, Chad Jeremy 5 01/01/2015 56 8,000

Calfrac Well Services Ltd. RSU Leier, Chad Jeremy 5 01/01/2015 56 8,000

Calfrac Well Services Ltd. RSU Leier, Chad Jeremy 5 01/01/2015 57 9.98 -6,064




Calfrac Well Services Ltd. RSU Leier, Chad Jeremy 5 01/01/2015 57 9.98 7,402 -6,064

Calfrac Well Services Ltd. Common Shares Link, Lindsay Robert 5 01/01/2015 57 9.98 4,180

Calfrac Well Services Ltd. Common Shares Link, Lindsay Robert 5 01/01/2015 57 9.98 4,180

Calfrac Well Services Ltd. Common Shares Link, Lindsay Robert 5 01/01/2015 57 9.98 11,974 4,180


Link, Lindsay Robert 5 01/01/2015 50 9.98 210,000 100,000

Calfrac Well Services Ltd. RSU Link, Lindsay Robert 5 01/01/2015 56 20,000

Calfrac Well Services Ltd. RSU Link, Lindsay Robert 5 01/01/2015 56 20,000

Calfrac Well Services Ltd. RSU Link, Lindsay Robert 5 01/01/2015 57 9.98 -6,666

Calfrac Well Services Ltd. RSU Link, Lindsay Robert 5 01/01/2015 57 9.98 10,668 -6,666

Calfrac Well Services Ltd. Common Shares Marseglia, Umberto 5 01/01/2015 57 9.98 3,519

Calfrac Well Services Ltd. Common Shares Marseglia, Umberto 5 01/01/2015 57 9.98 19,479 3,519


Marseglia, Umberto 5 01/01/2015 50 9.98 45,000


Marseglia, Umberto 5 01/01/2015 50 9.98 189,000 45,000

Calfrac Well Services Ltd. RSU Marseglia, Umberto 5 01/01/2015 56 10,000

Calfrac Well Services Ltd. RSU Marseglia, Umberto 5 01/01/2015 56 10,000

Calfrac Well Services Ltd. RSU Marseglia, Umberto 5 01/01/2015 57 9.98 -6,332

Calfrac Well Services Ltd. RSU Marseglia, Umberto 5 01/01/2015 57 9.98 -6,332

Calfrac Well Services Ltd. RSU Marseglia, Umberto 5 01/01/2015 57 9.98 8,668 -6,332

Calfrac Well Services Ltd. Deferred Share Units Mathison, Ronald 4, 6 09/01/2015 59 9.49 0 -20,000

Calfrac Well Services Ltd. Common Shares McNulty, Michael Joseph 5 01/01/2015 57 9.98 3,520

Calfrac Well Services Ltd. Common Shares McNulty, Michael Joseph 5 01/01/2015 57 9.98 15,036 3,520


McNulty, Michael Joseph 5 01/01/2015 50 9.98 100,000


McNulty, Michael Joseph 5 01/01/2015 50 9.98 220,000 100,000

Calfrac Well Services Ltd. RSU McNulty, Michael Joseph 5 01/01/2015 56 20,000

Calfrac Well Services Ltd. RSU McNulty, Michael Joseph 5 01/01/2015 56 20,000

Calfrac Well Services Ltd. RSU McNulty, Michael Joseph 5 01/01/2015 57 9.98 -6,332

Calfrac Well Services Ltd. RSU McNulty, Michael Joseph 5 01/01/2015 57 9.98 12,668 -6,332

Insider Reporting

January 15, 2015

(2015), 38 OSCB 405



Acquired/ Disposed

Calfrac Well Services Ltd. Common Shares Medvedic, Tom 5 01/01/2015 57 9.98 3,827

Calfrac Well Services Ltd. Common Shares Medvedic, Tom 5 01/01/2015 57 9.98 16,703 3,827


Medvedic, Tom 5 01/01/2015 50 9.98 50,000


Medvedic, Tom 5 01/01/2015 50 9.98 212,500 50,000

Calfrac Well Services Ltd. RSU Medvedic, Tom 5 01/01/2015 56 10,000

Calfrac Well Services Ltd. RSU Medvedic, Tom 5 01/01/2015 56 10,000

Calfrac Well Services Ltd. RSU Medvedic, Tom 5 01/01/2015 57 9.98 -6,998

Calfrac Well Services Ltd. RSU Medvedic, Tom 5 01/01/2015 57 9.98 9,336 -6,998


Mignault, Matthew 5 01/01/2015 50 9.98 11,600


Mignault, Matthew 5 01/01/2015 50 9.98 58,200 11,600

Calfrac Well Services Ltd. RSU Mignault, Matthew 5 02/06/2014 37 8,134 4,067

Calfrac Well Services Ltd. RSU Mignault, Matthew 5 01/01/2015 59 9.98 4,068 -4,066

Calfrac Well Services Ltd. Common Shares Oke, Edward 5 01/01/2015 57 9.98 3,722

Calfrac Well Services Ltd. Common Shares Oke, Edward 5 01/01/2015 57 9.98 10,437 3,722


Oke, Edward 5 01/01/2015 50 9.98 50,000


Oke, Edward 5 01/01/2015 50 9.98 150,000 50,000

Calfrac Well Services Ltd. RSU Oke, Edward 5 01/01/2015 56 10,000

Calfrac Well Services Ltd. RSU Oke, Edward 5 01/01/2015 56 10,000

Calfrac Well Services Ltd. RSU Oke, Edward 5 01/01/2015 57 9.98 -6,666

Calfrac Well Services Ltd. RSU Oke, Edward 5 01/01/2015 57 9.98 -6,666

Calfrac Well Services Ltd. RSU Oke, Edward 5 01/01/2015 57 9.98 8,668 -6,666

Calfrac Well Services Ltd. Common Shares Olinek, Michael Dean 5 01/01/2015 57 9.98 3,113

Calfrac Well Services Ltd. Common Shares Olinek, Michael Dean 5 01/01/2015 57 9.98 4,683 3,113


Olinek, Michael Dean 5 01/01/2015 50 9.98 35,000


Olinek, Michael Dean 5 01/01/2015 50 9.98 153,000 35,000

Calfrac Well Services Ltd. RSU Olinek, Michael Dean 5 01/01/2015 56 8,000

Calfrac Well Services Ltd. RSU Olinek, Michael Dean 5 01/01/2015 56 8,000

Calfrac Well Services Ltd. RSU Olinek, Michael Dean 5 01/01/2015 57 9.98 -5,666

Calfrac Well Services Ltd. RSU Olinek, Michael Dean 5 01/01/2015 57 9.98 7,334 -5,666

Calfrac Well Services Ltd. Common Shares Paslawski, Basil Mark 5 01/01/2015 57 9.98 2,094

Calfrac Well Services Ltd. Common Shares Paslawski, Basil Mark 5 01/01/2015 57 9.98 2,094 2,094


Paslawski, Basil Mark 5 01/01/2015 50 9.98 65,000


Paslawski, Basil Mark 5 01/01/2015 50 9.98 265,000 65,000

Calfrac Well Services Ltd. RSU Paslawski, Basil Mark 5 01/01/2015 56 14,000

Calfrac Well Services Ltd. RSU Paslawski, Basil Mark 5 01/01/2015 56 14,000

Calfrac Well Services Ltd. RSU Paslawski, Basil Mark 5 01/01/2015 59 9.98 -4,000

Calfrac Well Services Ltd. RSU Paslawski, Basil Mark 5 01/01/2015 59 9.98 14,534 -4,000

Calfrac Well Services Ltd. RSU Paslawski, Basil Mark 5 01/01/2015 57 9.98 -3,866

Calfrac Well Services Ltd. RSU Paslawski, Basil Mark 5 01/01/2015 57 9.98 10,668 -3,866


Payne, Frederick Bruce 5 01/01/2015 50 9.98 50,000


Payne, Frederick Bruce 5 01/01/2015 50 9.98 210,000 50,000

Calfrac Well Services Ltd. RSU Payne, Frederick Bruce 5 01/01/2015 56 10,000

Calfrac Well Services Ltd. RSU Payne, Frederick Bruce 5 01/01/2015 56 10,000

Calfrac Well Services Ltd. RSU Payne, Frederick Bruce 5 01/01/2015 59 9.98 -6,998

Calfrac Well Services Ltd. RSU Payne, Frederick Bruce 5 01/01/2015 59 9.98 -6,998

Calfrac Well Services Ltd. RSU Payne, Frederick Bruce 5 01/01/2015 59 9.98 9,336 -6,998

Calfrac Well Services Ltd. Deferred Share Units Ramsay, Douglas Robert 4 09/01/2015 59 9.49 0 -10,000

Calfrac Well Services Ltd. Common Shares Rokosh, Gary John 5 01/01/2015 57 9.98 3,235

Calfrac Well Services Ltd. Common Shares Rokosh, Gary John 5 01/01/2015 57 9.98 14,715 3,235

Insider Reporting

January 15, 2015

(2015), 38 OSCB 406



Acquired/ Disposed


Rokosh, Gary John 5 01/01/2015 50 9.98 30,000


Rokosh, Gary John 5 01/01/2015 50 9.98 186,200 30,000

Calfrac Well Services Ltd. RSU Rokosh, Gary John 5 01/01/2015 56 7,500

Calfrac Well Services Ltd. RSU Rokosh, Gary John 5 01/01/2015 56 7,500

Calfrac Well Services Ltd. RSU Rokosh, Gary John 5 01/01/2015 57 9.98 -5,866

Calfrac Well Services Ltd. RSU Rokosh, Gary John 5 01/01/2015 57 9.98 7,334 -5,866

Calfrac Well Services Ltd. Common Shares Sutherland, Robert 5 01/01/2015 57 9.98 3,804

Calfrac Well Services Ltd. Common Shares Sutherland, Robert 5 01/01/2015 57 9.98 3,804

Calfrac Well Services Ltd. Common Shares Sutherland, Robert 5 01/01/2015 57 9.98 11,274 3,804


Sutherland, Robert 5 01/01/2015 50 9.98 50,000


Sutherland, Robert 5 01/01/2015 50 9.98 232,000 50,000

Calfrac Well Services Ltd. RSU Sutherland, Robert 5 01/01/2015 56 10,000

Calfrac Well Services Ltd. RSU Sutherland, Robert 5 01/01/2015 56 10,000

Calfrac Well Services Ltd. RSU Sutherland, Robert 5 01/01/2015 57 9.98 -6,798

Calfrac Well Services Ltd. RSU Sutherland, Robert 5 01/01/2015 57 9.98 -6,798

Calfrac Well Services Ltd. RSU Sutherland, Robert 5 01/01/2015 57 9.98 9,336 -6,798

Calfrac Well Services Ltd. Common Shares Toney, Freddie Lynn 5 21/10/2014 00

Calfrac Well Services Ltd. Common Shares Toney, Freddie Lynn 5 01/01/2015 57 9.98 1,347

Calfrac Well Services Ltd. Common Shares Toney, Freddie Lynn 5 01/01/2015 57 9.98 1,347 1,347


Toney, Freddie Lynn 5 21/10/2014 00


Toney, Freddie Lynn 5 17/11/2014 50 13.7 30,000 30,000


Toney, Freddie Lynn 5 01/01/2015 50 9.98 50,000


Toney, Freddie Lynn 5 01/01/2015 50 9.98 50,000


Toney, Freddie Lynn 5 01/01/2015 50 9.98 80,000 50,000

Calfrac Well Services Ltd. RSU Toney, Freddie Lynn 5 21/10/2014 00

Calfrac Well Services Ltd. RSU Toney, Freddie Lynn 5 17/11/2014 56 6,000 6,000

Calfrac Well Services Ltd. RSU Toney, Freddie Lynn 5 01/01/2015 56 10,000

Calfrac Well Services Ltd. RSU Toney, Freddie Lynn 5 01/01/2015 56 10,000

Calfrac Well Services Ltd. RSU Toney, Freddie Lynn 5 01/01/2015 57 9.98 -2,000

Calfrac Well Services Ltd. RSU Toney, Freddie Lynn 5 01/01/2015 57 9.98 4,000 -2,000

California Gold Mining Inc. (formerly, Upper Canada Gold Corporation)

Common Shares Gupta, Vishal 5 26/05/2014 11 0.05 200,000


Common Shares Gupta, Vishal 5 26/05/2014 11 0.05 200,000 200,000


Options Gupta, Vishal 5 22/04/2014 00 1,250,000

Canaccord Genuity Group Inc.

Rights Deferred Share Units (DSUs)

Bralver, Charles Norman 4 31/12/2014 56 7.2359 25,507 1,728



Carello, Massimo 4 31/12/2014 56 7.2359 14,834 1,728


Common Shares Chandler, Peter Jackman 7 19/12/2014 90 -96,099 4,666


Common Shares Chandler, Peter Jackman 7 24/12/2014 10 7.588 -110,765 -14,666


Common Shares Chandler, Peter Jackman 7 09/12/2014 90 -160 -4,666



Desai, Kalpana 4 31/12/2014 56 7.2359 2,097 1,728



Eeuwes, William J. 4 31/12/2014 56 7.2359 25,791 1,728



Harris, Michael Deane 4 31/12/2014 56 7.2359 56,726 3,801

Insider Reporting

January 15, 2015

(2015), 38 OSCB 407



Acquired/ Disposed



Lyons, Terrence 4 31/12/2014 56 7.2359 30,542 2,030


Common Shares Sepahi-Donboli, Giti 5 31/12/2014 90 771 771


Common Shares Sepahi-Donboli, Giti 5 31/12/2014 90 212 -771


Common Shares Sepahi-Donboli, Giti 5 31/12/2014 10 7.68 202 -10



Shah, Dipesh Jayantilal 4 31/12/2014 56 7.2359 2,030



Shah, Dipesh Jayantilal 4 31/12/2014 56 7.2359 2,030



Shah, Dipesh Jayantilal 4 31/12/2014 56 7.2359 14,725 1,728

Canacol Energy Ltd. Options (Common Shares)

Baena, Luis Alfredo 5 02/01/2015 52 407,500 -5,350


Baena, Luis Alfredo 5 05/01/2015 50 527,500 120,000


Bednar, Jason Michael 4 02/01/2015 52 140,750 -30,000


Bednar, Jason Michael 4 05/01/2015 50 170,750 30,000


Carvajal, Diego Alfonso 5 05/01/2015 50 476,500 90,000


Elliott, Greg 4 05/01/2015 50 45,000 21,000


Flick, Kevin James 5 05/01/2015 50 289,666 40,000


Gamba, Charle 4, 5 02/01/2015 52 950,500 -150,000


Gamba, Charle 4, 5 05/01/2015 50 1,135,500 185,000


Gramatke, George 5 05/01/2015 50 497,500 120,000


Hensman, Stuart Philip 4 05/01/2015 50 89,200 21,000


Hibberd, Michael John 4 02/01/2015 52 3.5 187,500 -40,000


Hibberd, Michael John 4 05/01/2015 50 2.21 223,500 36,000


Holliday, Mark Robert 5 05/01/2015 50 349,166 90,000


Teare, Mark Reginald 5 02/01/2015 52 427,500 -50,000


Teare, Mark Reginald 5 05/01/2015 50 547,500 120,000


Winter, David A 4 02/01/2015 52 103,900 -30,000


Winter, David A 4 05/01/2015 50 124,900 21,000


Zaidi, Anthony Amar 5 05/01/2015 50 622,500 120,000

Canadian Arrow Mines Limited

Common Shares Tyler, Robert Kim 5 05/01/2015 10 0.005 207,500 70,000


Common Shares Tyler, Robert Kim 5 02/01/2015 10 0.005 140,000




Common Shares Tyler, Robert Kim 5 05/01/2015 10 0.005 10,000



Canadian Energy Services & Technology Corp.

Common Shares Waugh, Jason Douglas 5 02/01/2015 57 6.3438 161,266 161,266


Common Shares Waugh, Jason Douglas 5 02/01/2015 10 6.3438 0 -161,266

Insider Reporting

January 15, 2015

(2015), 38 OSCB 408



Acquired/ Disposed


Restricted Share Units Waugh, Jason Douglas 5 02/01/2015 57 6.3438 345,803 -161,266


Common Shares Zinger, Kenneth Earl 5 05/01/2015 10 6 1,676,441 371

Canadian High Income Equity Fund

Units Canadian High Income Equity Fund

1 01/12/2014 38 11.04 2,500 2,500



1 01/12/2014 38 11.04 0 -2,500



1 02/12/2014 38 10.86 800 800



1 02/12/2014 38 10.86 0 -800



1 08/12/2014 38 10.3 3,000 3,000



1 08/12/2014 38 10.3 0 -3,000



1 10/12/2014 38 10.05 3,000 3,000



1 10/12/2014 38 10.05 0 -3,000



1 10/12/2014 38 9.9 3,000 3,000



1 10/12/2014 38 9.9 0 -3,000



1 12/12/2014 38 9.73 3,000 3,000



1 12/12/2014 38 9.73 0 -3,000



1 12/12/2014 38 9.58 800 800



1 12/12/2014 38 9.58 0 -800



1 15/12/2014 38 9.29 1,200 1,200



1 15/12/2014 38 9.29 0 -1,200

Canadian Natural Resources Limited

Common Shares Best, Catherine May 4 05/01/2015 46 33.54 24,728 1,000


Common Shares Bieber, Corey B. 5 02/01/2015 51 34.385 17,000 17,000


Common Shares Bieber, Corey B. 5 02/01/2015 10 36.52 0 -17,000


Options Bieber, Corey B. 5 02/01/2015 51 34.385 334,500 -17,000


Common Shares Davis, Randall Scott 5 06/01/2015 30 35.94 81,078 1,077


Common Shares Edwards, Norman Murray 4, 5 09/01/2014 30 34.91 21,371,936 621


Common Shares Edwards, Norman Murray 4, 5 10/04/2014 30 43.313 21,636,901 1,416






DSU Faithfull, Timothy W. 4 05/01/2015 46 33.54 17,000 1,000


DSU Filmon, Gary 4 05/01/2015 46 33.54 23,010 1,000


Common Shares Fong, Christopher Lee 4 05/01/2015 46 33.54 17,000 1,000


Common Shares Giffin, Gordon D. 4 05/01/2015 46 33.54 48,856 1,000


Common Shares Gobert, Wilfred Arthur 4 05/01/2015 46 33.54 17,000 1,000


Common Shares Laing, Ronald Keith 5 08/01/2015 30 38.94 10,240 577

Insider Reporting

January 15, 2015

(2015), 38 OSCB 409



Acquired/ Disposed


Common Shares MacPhail, Keith A.J. 4 05/01/2015 46 33.54 201,619 1,000


DSU McKenna, Frank 4 05/01/2015 46 33.54 23,010 1,000


Rights DSU Smith, Eldon 4 05/01/2015 46 33.54 17,000 1,000


Common Shares Tuer, David 4 05/01/2015 46 33.54 68,508 1,000


Common Shares Verschuren, Annette Marie 4 06/11/2014 00


Common Shares Verschuren, Annette Marie 4 05/01/2015 46 33.54 1,000 1,000


Options wilson, jeffrey warren 5 10/12/2014 50 35.97 590,649 25,000

Canadian Oil Recovery & Remediation Enterprises Ltd.

Common Shares Lorenzo, John Michael 4 07/01/2015 10 0.03 2,892,186 25,000

Canadian Pacific Railway Limited

Common Shares Ackman, William A. 3, 4, 6 02/01/2015 90 192.69 5,125,015 139,459


Common Shares Ackman, William A. 3, 4, 6 02/01/2015 90 192.69 4,534,564 -227,306


Common Shares Ackman, William A. 3, 4, 6 02/01/2015 90 192.69 4,182,062 87,847


Rights DSU Colter, Gary F. 4 01/01/2015 56 221.23 5,611 446


Rights DSU Courville, Isabelle 4 01/01/2015 56 221.23 2,772 299


Rights DSU Haggis, Paul 4 01/01/2015 56 221.23 7,358 266


Rights DSU Hoeg, Krystyna 4 01/01/2015 56 221.23 22,458 299


Rights DSU MACDONALD, REBECCA 4 01/01/2015 56 221.23 5,056 266


Rights DSU Melman, Dr. Anthony Ronald

4 01/01/2015 56 221.23 5,211 299


Rights DSU Morgan, Linda 4 01/01/2015 56 192.03 26,387 306


Rights DSU Reardon, Andrew Fitzpatrick 4 01/01/2015 56 192.03 2,877 306


Rights DSU Tobias, Stephen Craig 4, 5 01/01/2015 56 192.03 9,450 345

Canadian Spirit Resources Inc.

Common Shares Elmag Investments inc. 3 06/01/2015 10 0.18 42,117,500 2,500,000

Canadian Tire Corporation, Limited

Deferred Share Units Aitchison, Iain Cameron 4 31/12/2014 35 110.42 6,484 107


Deferred Share Units Aitchison, Iain Cameron 4 31/12/2014 99 6,485 1


Deferred Share Units Aitchison, Iain Cameron 4 31/12/2014 59 0 -6,485


Deferred Share Units Boivin, Pierre 4 31/12/2014 56 122.68 1,178 168


Deferred Share Units Furlong, John Aloysius Francis

4 31/12/2014 56 122.68 3,457 204


Deferred Share Units L'Heureux, Claude R. 4 31/12/2014 56 122.68 7,245 416


Deferred Share Units Lampe, Jonathan 4 31/12/2014 56 122.68 2,387 213


Deferred Share Units Price, Timothy Robert 4 31/12/2014 56 122.68 14,156 245


Deferred Share Units Saunders, Peter Bryce 4 31/12/2014 35 110.69 6,844 109


Deferred Share Units Saunders, Peter Bryce 4 31/12/2014 59 0 -6,844


Deferred Share Units Savage, Graham William 4, 7 31/12/2014 56 122.68 8,655 122


Deferred Share Units Vallance, George Alexander 4 31/12/2014 56 122.68 7,812 452

Insider Reporting

January 15, 2015

(2015), 38 OSCB 410



Acquired/ Disposed

Canadian Utilities Limited Non-Voting Shares Class A

Southern, Ronald D. 4, 6, 7, 5 01/12/2014 30 39.281 591,826 3,733

Canadian Utilities Limited Non-Voting Shares Class A

Southern, Ronald D. 4, 6, 7, 5 01/12/2014 30 39.281 217,475 1,125

Canam Group Inc. Common Shares Paquet, Annie 5 01/01/2015 97 2,283 1,159

Canam Group Inc. Options Paquet, Annie 5 06/11/2012 52 0 -2,000

CANGOLD LIMITED Warrants Series “P” Archer, Robert Alexander 4, 5 20/12/2014 55 0.5 77,857 -122,143

CANGOLD LIMITED Warrants Series “P” Archer, Robert Alexander 4, 5 20/12/2014 55 0.2 0 -77,857

CANGOLD LIMITED Warrants Series “P” Brown, Robert Fergus 5 20/12/2014 55 0.5 15,571 -24,429

CANGOLD LIMITED Warrants Series “P” Brown, Robert Fergus 5 20/12/2014 55 0.2 0 -15,571

CANGOLD LIMITED Warrants Series “P” Foy, Kaare 4 20/12/2014 55 0.5 77,857 -122,143

CANGOLD LIMITED Warrants Series “P” Foy, Kaare 4 20/12/2014 55 0.2 0 -77,857

CANGOLD LIMITED Warrants Series “P” Iskanius, Raakel Suzanne 5 20/12/2014 55 0.5 7,786 -12,214

CANGOLD LIMITED Warrants Series “P” Iskanius, Raakel Suzanne 5 20/12/2014 55 0.2 0 -7,786

Canlan Ice Sports Corp. Common Shares The Article 6 Marital Trust created under the First Amended and Restated Jerry Zucker Revocable Trust dated 4-2-07

3 21/10/2014 10 3.05 4,700


3 22/10/2014 10 3.1 1,672,300 10,000


3 05/01/2015 10 3.15 1,817,600 15,500


3 08/01/2015 10 3.14 1,818,000 400


3 08/01/2015 10 3.15 1,828,000 10,000

Canoe EIT Income Fund Trust Units Canoe EIT Income Fund 1 14/11/2014 38 9,201,875 -560,561

Canoe EIT Income Fund Trust Units Canoe EIT Income Fund 1 15/12/2014 38 8,591,808 -610,067

Canoe EIT Income Fund Trust Units Canoe EIT Income Fund 1 31/12/2014 38 14.239 18,695,210 10,103,402

Canoe EIT Income Fund Trust Units Lake, Darcy Malcolm 5 29/12/2014 10 0 -200

Canoe EIT Income Fund Trust Units Lake, Darcy Malcolm 5 02/01/2015 10 300 300

Canoe EIT Income Fund Trust Units Lake, Darcy Malcolm 5 02/01/2015 10 600 300

Canoe EIT Income Fund Trust Units Lake, Darcy Malcolm 5 05/01/2015 10 1,200 600

Canoe Mining Ventures Corp.

Common Shares Kelly, Scott 4 07/01/2015 10 0.04 875,000 225,000

Canoe Mining Ventures Corp.

Common Shares Parnham, Duane 4, 5 07/01/2015 10 0.0525 1,376,673 200,000

Canso Credit Income Fund Exposure to Issuer through Canso North Star Fund

Burns, Brenda Ellen 7 05/01/2015 70 7.9099 22,338 372

Canso Credit Income Fund Exposure to Issuer through Canso Hurricane Fund

Carswell, John Paul 7 16/07/2010 00


Carswell, John Paul 7 05/01/2015 70 4.1527 9,810 9,810


Carswell, John Paul 7 05/01/2015 70 4.1527 761,512 92,444

Canso Credit Income Fund Exposure to Issuer through Canso Income Fund

Carswell, John Paul 7 05/01/2015 70 6.5893 4,765 131



Insider Reporting

January 15, 2015

(2015), 38 OSCB 411



Acquired/ Disposed


Carswell, John Paul 7 05/01/2015 70 7.9099 32 32



Canso Credit Income Fund Exposure to Issuer through Canso Retirement and Savings Fund



Carswell, John Paul 7 05/01/2015 70 6.7131 104 104




Hicks, Timothy John 7 05/01/2015 70 4.1527 3,589 436




Laing, John 7 05/01/2015 70 4.1527 1,506 183


Mason-Wood, Heather Elizabeth

7 05/01/2015 70 4.1527 4,599 558



7 05/01/2015 70 7.9099 14,302 238


Morin, Joseph Patrick 7 05/01/2015 70 4.1527 62,769 7,620

Canso Credit Income Fund Exposure to Issuer through Canso Income Fund

Mudie, Gail Roberta 7 05/01/2015 70 6.5893 50,085 1,748


Mudie, Gail Roberta 7 05/01/2015 70 6.7131 1,663 39


Sit, Elizabeth 7 05/01/2015 70 4.1527 459 56


Swan, Robert Andrew 7 05/01/2015 70 4.1527 33,227 4,089


Swan, Robert Andrew 7 05/01/2015 70 7.9099 1,121 303

Canso Credit Income Fund Exposure to Issuer through Canso Retirment and Savings Fund

Swan, Robert Andrew 7 16/07/2010 00

Canso Credit Income Fund Exposure to Issuer through Canso Retirment and Savings Fund

Swan, Robert Andrew 7 05/01/2015 70 6.7131 12,222 297

Canso Select Opportunities Fund

Exposure to Issuer through Canso Partners II Fund

Burns, Brenda Ellen 7 05/01/2015 70 11.695 203 2



Carney, Brian 7 05/01/2015 70 11.695 2,538 28










Insider Reporting

January 15, 2015

(2015), 38 OSCB 412



Acquired/ Disposed



Laing, John 7 05/01/2015 70 11.695 1,015 11




7 05/01/2015 70 11.695 5,076 56



Meiers, Jacqueline 7 05/01/2015 70 11.695 2,538 28



Morin, Joseph Patrick 7 05/01/2015 70 11.695 2,538 28



Mudie, Gail Roberta 7 05/01/2015 70 11.695 10,152 112



Sit, Elizabeth 7 05/01/2015 70 11.695 203 2



Usher-Jones, Brian Richard 7 05/01/2015 70 11.695 3,046 34



Vijh, Rajeev 7 05/01/2015 70 11.695 4,061 45

Canyon Services Group Inc. Common Shares Antony, Raymond Peter 4 09/01/2015 57 45,000 5,000

Canyon Services Group Inc. Stock Based Units Antony, Raymond Peter 4 09/01/2015 57 30,000 -5,000

Capstone Infrastructure Corporation

Performance Based DSUs Bernstein, Michael 5 02/01/2015 30 3.17 119,458 63,091


Time Vested DSUs Bernstein, Michael 5 02/01/2015 30 3.17 119,458 63,091


Performance Based DSUs Bittan, Jack 5 02/01/2015 30 3.17 22,159 11,703


Performance Share Units Bittan, Jack 5 02/01/2015 30 3.17 91,137 17,555


Restricted Share Units Bittan, Jack 5 02/01/2015 30 3.17 96,677 20,481


Restricted Share Units Bittan, Jack 5 02/01/2015 30 3.17 109,653 12,976


Time Vested DSUs Bittan, Jack 5 02/01/2015 30 3.17 16,619 8,777


Performance Based DSUs Boles, Aaron Egidius 5 02/06/2014 00


Performance Based DSUs Boles, Aaron Egidius 5 02/01/2015 30 3.17 10,122 10,122


Performance Share Units Boles, Aaron Egidius 5 02/06/2014 00


Time Vested DSUs Boles, Aaron Egidius 5 02/06/2014 00


Time Vested DSUs Boles, Aaron Egidius 5 02/01/2015 30 3.17 10,122 10,122


Restricted Share Units Chapin, Michael Victor 7 01/12/2012 00


Restricted Share Units Chapin, Michael Victor 7 02/01/2015 30 3.17 1,622 1,622


Performance Share Units Ehlers, Jens Udo 5 02/01/2015 30 3.17 26,938 8,478


Restricted Share Units Ehlers, Jens Udo 5 02/01/2015 30 3.17 26,938 8,478


Restricted Share Units Ehlers, Jens Udo 5 02/01/2015 30 3.17 34,824 7,886


Performance Based DSUs Kennedy, Andrew Michael 5 02/01/2015 30 3.17 10,400 5,552


Time Vested DSUs Kennedy, Andrew Michael 5 02/01/2015 30 3.17 10,400 5,552


Deferred Share Units Knowles, Richard Lee 4 31/10/2014 30 4.0918 8,576 127


Deferred Share Units Knowles, Richard Lee 4 02/01/2015 30 3.1728 10,546 1,970

Insider Reporting

January 15, 2015

(2015), 38 OSCB 413



Acquired/ Disposed


Performance Based DSUs Miller, Stuart 5 15/04/2011 00


Performance Based DSUs Miller, Stuart 5 02/01/2015 30 3.17 11,356 11,356


Time Vested DSUs Miller, Stuart 5 15/04/2011 00


Time Vested DSUs Miller, Stuart 5 02/01/2015 30 3.17 11,356 11,356


Deferred Share Units Mornhed, Goran 4 31/10/2014 30 4.0918 10,237 202


Deferred Share Units Mornhed, Goran 4 02/01/2015 30 3.1728 12,207 1,970


Deferred Share Units Patava, Jerry 4 31/10/2014 30 4.0918 11,826 202


Deferred Share Units Patava, Jerry 4 02/01/2015 30 3.1728 13,796 1,970


Performance Share Units PETERSON, RICHARD GREGORY

5 02/01/2015 30 3.17 10,563 5,631


Restricted Share Units PETERSON, RICHARD GREGORY

5 02/01/2015 30 3.17 31,700 5,631


Restricted Share Units PETERSON, RICHARD GREGORY

5 02/01/2015 30 3.17 39,586 7,886


Performance Based DSUs Roberti, Roberto Agusto 7 02/01/2015 30 3.17 25,086 13,249


Time Vested DSUs Roberti, Roberto Agusto 7 01/01/2011 00


Time Vested DSUs Roberti, Roberto Agusto 7 02/01/2015 30 3.17 13,249 13,249


Deferred Share Units Roy, François R. 4 31/10/2014 30 4.0918 16,798 293


Deferred Share Units Roy, François R. 4 02/01/2015 30 3.1728 18,768 1,970


Performance Share Units Saeed, Sophia 5 28/07/2014 00


Performance Share Units Saeed, Sophia 5 02/01/2015 30 3.17 27,603 27,603


Restricted Share Units Saeed, Sophia 5 28/07/2014 00


Restricted Share Units Saeed, Sophia 5 02/01/2015 30 3.17 27,603 27,603


Deferred Share Units Sardo, Vincent James 4 31/10/2014 30 4.0918 28,615 494


Deferred Share Units Sardo, Vincent James 4 02/01/2015 30 3.1728 32,555 3,940


Performance Based DSUs Smerdon, Michael David 5 02/01/2015 30 3.17 73,915 39,038


Restricted Share Units Smerdon, Michael David 5 02/01/2015 30 3.17 177,149 39,038


Deferred Share Units Woodruff, Janet Patricia 4 31/10/2014 30 4.0918 8,576 127


Deferred Share Units Woodruff, Janet Patricia 4 02/01/2015 30 3.1728 10,546 1,970

Cardinal Energy Ltd. Restricted Bonus Awards Brussa, John Albert 4 07/01/2015 56 16,565 7,924

Cardinal Energy Ltd. Restricted Bonus Awards Hyde, Tim 5 07/01/2015 56 137,198 59,429

Cardinal Energy Ltd. Restricted Bonus Awards Johnson, David Daniel 4 07/01/2015 56 16,565 7,924

Cardinal Energy Ltd. Restricted Bonus Awards Kolochuk, Craig 5 07/01/2015 56 108,390 43,582

Cardinal Energy Ltd. Restricted Bonus Awards PEET, SHANE 5 07/01/2015 56 224,702 95,087

Cardinal Energy Ltd. Common Shares Ratushny, M. Scott 4, 5 05/01/2015 54 2.87 31,308 2,508

Cardinal Energy Ltd. Restricted Bonus Awards Ratushny, M. Scott 4, 5 07/01/2015 56 299,604 126,783

Cardinal Energy Ltd. Warrants Ratushny, M. Scott 4, 5 05/01/2015 54 4,800 -2,400

Cardinal Energy Ltd. Restricted Bonus Awards Smith, Douglas Kevin 5 07/01/2015 56 167,083 63,391

Cardinal Energy Ltd. Restricted Bonus Awards TISDALE, GREGORY 4 07/01/2015 56 16,565 7,924

CardioComm Solutions, Inc. Options Grima, Etienne Anthony 4 06/01/2015 50 4,717,520 250,000

Cargojet Inc. Common Voting Shares Rinaldo, Paul David 5 31/12/2014 10 27.7 9,770 225


Insider Reporting

January 15, 2015

(2015), 38 OSCB 414



Acquired/ Disposed



Cascades Inc. Unités d'actions différées / Deffered Share Units

Doak, James Basil Charles 4 31/12/2014 56 42,534 855


Garneau, Louis 4 31/12/2014 56 42,534 855


Kobrynsky, Georges 4 31/12/2014 56 19,123 855


Lemaire, Sylvie 4 31/12/2014 56 42,534 855


McAusland, David L. 4 31/12/2014 56 50,738 1,923


Pelletier, Élise 4 31/12/2014 56 11,777 855


Sellyn, Laurence G. 4 31/12/2014 56 12,221 1,709


Vachon, Sylvie 4 31/12/2014 56 6,114 855

Cascadia Consumer Electronics Corp.

Common Shares CHEN, ZHENYU 3 08/01/2015 11 3,862,100 2,192,260


Common Shares YUAN, RONG 3 08/01/2015 11 3,862,100 2,192,260


Common Shares Zhang, Jing 3, 4, 5 08/01/2015 11 625,000 -4,384,520

Catalyst Paper Corporation Common Shares Cyrus Capital Partners, L.P. 3 06/01/2015 11 2.96 1,129,125 40,685

Catalyst Paper Corporation Common Shares Cyrus Capital Partners, L.P. 3 06/01/2015 11 2.96 711,071 65,208

Catalyst Paper Corporation Common Shares Cyrus Capital Partners, L.P. 3 06/01/2015 11 2.96 3,634,558 31,826

Catalyst Paper Corporation Common Shares Cyrus Capital Partners, L.P. 3 06/01/2015 11 2.96 412,937 22,861

CCL Industries Inc. Rights Deferred Share Units

Block, Paul J. 4 31/12/2014 56 125.99 14,771 35


Block, Paul J. 4 05/01/2015 56 125.99 35


Gresh, Philip M. 4 31/12/2014 56 125.99 4,570 11


Guillet, Edward 4 31/12/2014 56 125.99 12,887 31


Horn, Alan Douglas 4 31/12/2014 56 125.99 18,735 45


Lang, Stuart W. 4 31/12/2014 56 125.99 5,471 13


Muzyka, Douglas W. 4 31/12/2014 56 125.99 17,690 42


Peddie, Tom 4 31/12/2014 56 125.99 29,909 71


Shapansky, Mandy 4 31/12/2014 56 125.99 800 2

Ceiba Energy Services Inc. Common Shares Petersen, Brian Kenneth 4 06/01/2015 10 0.472 1,457,170 12,600

Ceiba Energy Services Inc. Common Shares Petersen, Brian Kenneth 4 06/01/2015 10 0.48 1,462,170 5,000

Celestica Inc. Deferred Share Units DiMaggio, Dan 4 01/01/2015 56 122,514 3,674

Celestica Inc. Deferred Share Units Etherington, William 4 01/01/2015 56 292,948 7,453

Celestica Inc. Deferred Share Units Koellner, Laurette 4 01/01/2015 56 143,354 4,313

Celestica Inc. Subordinate Voting Shares

Muhlhauser, Craig 4, 5 02/01/2015 10 11.77 485,096 -22,916

Celestica Inc. Deferred Share Units Natale, Joe 4 01/01/2015 56 92,384 5,005

Celestica Inc. Deferred Share Units Perry, Carol Susan 4 01/01/2015 56 41,184 5,430

Celestica Inc. Deferred Share Units Ryan, Eamon 4 01/01/2015 56 191,554 5,856

Celestica Inc. Deferred Share Units Wilson, Michael M. 4 01/01/2015 56 103,729 5,324

Cenovus Energy Inc. Deferred Share Units Cunningham, Ralph Sanford 4 31/12/2014 30 30.03 151,172 5,340

Cenovus Energy Inc. Deferred Share Units Cunningham, Ralph Sanford 4 31/12/2014 30 30.03 151,173 1

Cenovus Energy Inc. Deferred Share Units Cunningham, Ralph Sanford 4 01/01/2015 56 23.97 157,673 6,500

Cenovus Energy Inc. Deferred Share Units Daniel, Patrick Darold 4 31/12/2014 56 23.82 145,490 236

Cenovus Energy Inc. Deferred Share Units Daniel, Patrick Darold 4 31/12/2014 30 30.03 150,803 5,313

Cenovus Energy Inc. Deferred Share Units Daniel, Patrick Darold 4 31/12/2014 30 30.03 150,806 3

Cenovus Energy Inc. Deferred Share Units Daniel, Patrick Darold 4 01/01/2015 56 23.97 157,306 6,500

Insider Reporting

January 15, 2015

(2015), 38 OSCB 415



Acquired/ Disposed

Cenovus Energy Inc. Deferred Share Units Delaney, Ian William 4 31/12/2014 56 23.82 183,542 1,023


Cenovus Energy Inc. Deferred Share Units Delaney, Ian William 4 31/12/2014 30 30.03 190,200 2


Cenovus Energy Inc. Deferred Share Units Grandin, Michael Anthony 4 31/12/2014 30 30.03 145,921 5,154

Cenovus Energy Inc. Deferred Share Units Grandin, Michael Anthony 4 31/12/2014 30 30.03 145,922 1

Cenovus Energy Inc. Deferred Share Units Grandin, Michael Anthony 4 01/01/2015 56 23.97 153,422 7,500

Cenovus Energy Inc. Deferred Share Units Nielsen, Valerie Anne Abernethy

4 31/12/2014 56 23.82 178,949 204


4 31/12/2014 30 30.03 185,489 6,540


4 31/12/2014 30 30.03 185,492 3


4 01/01/2015 56 23.97 191,992 6,500

Cenovus Energy Inc. Deferred Share Units Rampacek, Charles Max 4 31/12/2014 30 30.03 40,078 1,415

Cenovus Energy Inc. Deferred Share Units Rampacek, Charles Max 4 31/12/2014 30 30.03 40,079 1

Cenovus Energy Inc. Deferred Share Units Rampacek, Charles Max 4 01/01/2015 56 23.97 46,579 6,500

Cenovus Energy Inc. Deferred Share Units Taylor, Colin 4 31/12/2014 30 30.03 40,078 1,415

Cenovus Energy Inc. Deferred Share Units Taylor, Colin 4 31/12/2014 30 30.03 40,079 1

Cenovus Energy Inc. Deferred Share Units Taylor, Colin 4 01/01/2015 56 23.97 46,579 6,500

Cenovus Energy Inc. Deferred Share Units Thomson, Wayne 4 31/12/2014 30 30.03 77,877 2,751

Cenovus Energy Inc. Deferred Share Units Thomson, Wayne 4 31/12/2014 30 30.03 77,878 1

Cenovus Energy Inc. Deferred Share Units Thomson, Wayne 4 01/01/2015 56 23.97 84,378 6,500

Centerra Gold Inc. Units Deferred Share Units

Connor, Richard Webster 4 31/12/2014 56 5.57 43,726 4,040

Centerra Gold Inc. Rights Restricted Share Units

Girard, Raphael Arthur 4 31/12/2014 56 5.57 79,360 6,284


Lang, Stephen A. 5 31/12/2014 56 5.57 58,957 10,435


Lang, Stephen A. 5 31/12/2014 57 5.57 -14,832


Lang, Stephen A. 5 31/12/2014 59 5.57 44,125 -14,832


Orozbaev, Emilbek Musinovich

4 31/12/2014 56 5.57 4,039 4,039


Orozbaev, Emilbek Musinovich

4 31/12/2014 59 5.57 0 -4,039


Parrett, Michael S. 4 31/12/2014 56 5.57 10,555 4,040


Pressler, Sheryl 4 31/12/2014 56 5.57 4,040 4,040


Rogers, Terry Vernon 6 31/12/2014 56 5.57 2,042 2,042


Rogers, Terry Vernon 6 31/12/2014 56 5.57 54,699 2,042


Sadyrov, Kalinur Alymbekovich

4 31/12/2014 56 5.57 4,039 4,039


Sadyrov, Kalinur Alymbekovich

4 31/12/2014 59 5.57 0 -4,039


Shakirov, Kylychbek 4 31/12/2014 56 5.57 4,039 4,039


Shakirov, Kylychbek 4 31/12/2014 59 5.57 0 -4,039


Walter, Bruce V. 4 31/12/2014 56 5.57 57,647 3,366

Century Iron Mines Corporation

Common Shares Chim, Sandy Chun Kwan 4, 6, 7, 5 05/01/2015 10 0.28 1,077,400 4,000





Ceres Global Ag Corp. Rights Mize, Gary 4 27/09/2013 00

Ceres Global Ag Corp. Rights Mize, Gary 4 07/04/2014 56 1,248 1,248

Insider Reporting

January 15, 2015

(2015), 38 OSCB 416



Acquired/ Disposed



Ceres Global Ag Corp. Rights Mize, Gary 4 07/01/2015 56 1,558

Ceres Global Ag Corp. Rights Mize, Gary 4 07/01/2015 56 1,558


Ceres Global Ag Corp. Rights Speers, Douglas Edgar 4 29/09/2013 00

Ceres Global Ag Corp. Rights Speers, Douglas Edgar 4 07/04/2014 56 1,248 1,248



Ceres Global Ag Corp. Rights Speers, Douglas Edgar 4 07/01/2015 56 2,992


Ceres Global Ag Corp. Rights Vanasek, James Thomas 3, 4 19/11/2013 00

Ceres Global Ag Corp. Rights Vanasek, James Thomas 3, 4 07/04/2014 56 1,248 1,248



Ceres Global Ag Corp. Rights Vanasek, James Thomas 3, 4 07/01/2015 56 1,558


Ceres Global Ag Corp. Common Shares Wolkin, Harold Morton 4 07/01/2015 30 53,264 2,537

CGI Group Inc. Options Boyajian, Mark 5 08/01/2015 97 37.11 37,114 1

CGI Group Inc. Options CUNNINGHAM, KEVIN ANTHONY

5 08/01/2015 97 37.11 26,993 1

CGI Group Inc. Options DEBU, FABIEN 5 09/01/2015 97 37.11 52,192 1

CGI Group Inc. Rights Performance Share Units

Godin, Serge 3, 4 31/12/2014 57 15.49 855,952 -37,235

CGI Group Inc. Subordinate Voting Shares Classe A

Godin, Serge 3, 4 31/12/2014 57 15.49 37,235 37,235

CGI Group Inc. Options JAUBERT, STÉPHANE 5 08/01/2015 97 37.11 51,625 1

CGI Group Inc. Options LE FRANC, GILLES 5 08/01/2015 97 37.11 47,952 1

CGI Group Inc. Options MCGEEHAN, TARA 5 08/01/2015 97 37.11 68,105 1

CGI Group Inc. Options MOHSENI, SADJAI SASSAN

5 08/01/2015 97 37.11 50,525 1

CGI Group Inc. Rights Performance Share Units

Roach, Michael 4, 5 31/12/2014 57 15.49 855,952 -37,235

CGI Group Inc. Subordinate Voting Shares Classe A

Roach, Michael 4, 5 31/12/2014 57 15.49 37,235 37,235

CGI Group Inc. Options Schreil Jonsson, Karin 5 15/04/2014 00

CGI Group Inc. Options Schreil Jonsson, Karin 5 15/04/2014 00 49,688

CGI Group Inc. Options Springall, Jeremy 5 08/01/2015 97 37.11 27,733 1

CGI Group Inc. Options Whitchurch, Michael 5 08/01/2015 97 37.11 95,217 1

Chartwell Retirement Residences

Trust Units Binions, W. Brent 4, 5 31/12/2014 30 10.495 3,433 167


Trust Units Binions, W. Brent 4, 5 31/12/2014 30 10.495 70,769 3,545


Trust Units Harris, Michael Deane 4 31/12/2014 30 10.495 40,257 1,998


Trust Units Harris, Michael Deane 4 31/12/2014 30 10.495 78,233 1,827


Trust Units Harris, Michael Deane 4 31/12/2014 30 10.495 79,222 989


Trust Units Harris, Michael Deane 4 31/12/2014 30 10.495 14,964 964


Trust Units Kuzmicki, Andre 7 31/12/2014 30 10.495 9,748 483


Trust Units Sullivan, Karen Leslie 5 31/12/2014 30 10.495 5,429 228

CHC Realty Capital Corp. Options Forbes, Louis Marie 4 09/10/2014 00

CHC Realty Capital Corp. Options Forbes, Louis Marie 4 01/01/2015 50 0.12 600,000 600,000

CHC Realty Capital Corp. Options Gillin, Philip Charles 4 10/10/2014 00

CHC Realty Capital Corp. Options Gillin, Philip Charles 4 01/01/2015 50 0.12 600,000 600,000

CHC Realty Capital Corp. Options Hansen, Mark Asbjorn 5 01/01/2015 50 0.12 2,874,566 1,843,316

CHC Realty Capital Corp. Options Pridham, Gordon E. 4 09/10/2014 00

CHC Realty Capital Corp. Options Pridham, Gordon E. 4 01/01/2015 50 0.12 600,000 600,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 417



Acquired/ Disposed

CHC Realty Capital Corp. Options Schwarz, Ronald 4 09/10/2014 00

CHC Realty Capital Corp. Options Schwarz, Ronald 4 01/01/2015 50 0.12 600,000 600,000

CHC Realty Capital Corp. Options Smith, Craig Gordon 4 01/01/2015 50 0.12 1,631,250 600,000

CHC Realty Capital Corp. Options Waxman, Robert 5 01/01/2015 50 0.12 2,069,988 1,382,488

Chinook Energy Inc. Options Dranchuk, Jason Brent 5 09/01/2015 50 70,000

Chinook Energy Inc. Options Dranchuk, Jason Brent 5 09/01/2015 50 420,000 70,000

Chinook Energy Inc. Common Shares Dube, Brent Stephen 5 31/12/2014 30 1.79 69,044 25,613

Chinook Energy Inc. Options Dube, Brent Stephen 5 09/01/2015 50 420,000 70,000

Chinook Energy Inc. Options Halpen, Timothy Sean 5 09/01/2015 50 882,500 70,000

Chinook Energy Inc. Common Shares Lerner, Chad Tyler 5 31/12/2014 30 1.79 69,527 22,913

Chinook Energy Inc. Options Lerner, Chad Tyler 5 08/01/2015 50 70,000

Chinook Energy Inc. Options Lerner, Chad Tyler 5 09/01/2015 50 435,500 70,000

Chinook Energy Inc. Common Shares Vrataric, Walter 5 31/12/2014 30 1.79 236,041 33,837

Chinook Energy Inc. Options Vrataric, Walter 5 09/01/2015 50 782,500 70,000

Chinook Energy Inc. Common Shares White, Ryan Craig 5 31/12/2014 30 1.79 88,066 25,613

Chinook Energy Inc. Options White, Ryan Craig 5 09/01/2015 50 628,750 70,000

Chinook Energy Inc. Common Shares Zacharias, Darrel Grant 5 31/12/2014 30 1.79 26,788

Chinook Energy Inc. Common Shares Zacharias, Darrel Grant 5 31/12/2014 30 1.79 170,130 26,788

Chinook Energy Inc. Options Zacharias, Darrel Grant 5 09/01/2015 50 627,500 70,000

Choice Properties Real Estate Investment Trust

Restricted Units Morrison, John Rennie 4, 5 28/03/2014 56 43,729


Restricted Units Morrison, John Rennie 4, 5 28/03/2014 56 43,730


Restricted Units Morrison, John Rennie 4, 5 28/03/2014 56 78,251 43,710


Restricted Units Morrison, John Rennie 4, 5 31/12/2014 30 82,471 4,220


Restricted Units Munn, Bart Scott 5 28/03/2014 56 13,882


Restricted Units Munn, Bart Scott 5 28/03/2014 56 64,852 13,876


Restricted Units Munn, Bart Scott 5 31/12/2014 30 3,852


Restricted Units Munn, Bart Scott 5 31/12/2014 30 68,710 3,858

CI Financial Corp. Common Shares CI Financial Corp. 1 01/12/2014 38 33.674 72,200 72,200

CI Financial Corp. Common Shares CI Financial Corp. 1 01/12/2014 38 0 -72,200

CI Financial Corp. Common Shares Holland, William T. 4 06/01/2015 51 31.44 14,158 14,142

CI Financial Corp. Common Shares Holland, William T. 4 08/01/2015 10 31.97 16 -14,142

CI Financial Corp. Options Holland, William T. 4 06/01/2015 51 21.98 0 -62,500

CI Financial Corp. Common Shares Iannicca, Fabio 7 06/01/2015 51 31.44 25,587 1,659

CI Financial Corp. Common Shares Iannicca, Fabio 7 09/01/2015 10 31.792 23,928 -1,659

CI Financial Corp. Options Iannicca, Fabio 7 06/01/2015 51 21.98 25,000 -5,000

CI Financial Corp. Options Iannicca, Fabio 7 06/01/2015 51 27.03 20,000 -5,000

CIBT Education Group Inc. Common Shares Chu, Toby 4, 5 05/01/2015 10 0.22 5,117,347 15,500

Cineplex Inc. Deferred Share Units Banks, Jordan 4 31/12/2014 30 3,233 9

Cineplex Inc. Deferred Share Units Briant, Heather 5 31/12/2014 30 15,573 43

Cineplex Inc. Performance Share Units Briant, Heather 5 31/12/2014 30 10,961 30

Cineplex Inc. Deferred Share Units Bruce, Robert W. 4 31/12/2014 30 9,519 26

Cineplex Inc. Deferred Share Units Dea, Joan 4 31/12/2014 30 8,162 23

Cineplex Inc. Deferred Share Units Fitzgerald, Anne Tunstall 5 31/12/2014 30 6,961 19

Cineplex Inc. Performance Share Units Fitzgerald, Anne Tunstall 5 31/12/2014 30 11,440 31

Cineplex Inc. Deferred Share Units Greenberg, Ian 4 31/12/2014 30 9,515 26

Cineplex Inc. Deferred Share Units Jacob, Ellis 5 31/12/2014 30 92,559 256

Cineplex Inc. Performance Share Units Jacob, Ellis 5 31/12/2014 30 140,837 387

Cineplex Inc. Performance Share Units Kennedy, Michael 5 31/12/2014 30 19,027 52

Cineplex Inc. Performance Share Units Kent, Jeff 5 31/12/2014 30 18,174 50

Cineplex Inc. Performance Share Units Legault, Lorraine Marie 5 31/12/2014 30 2,800 8

Cineplex Inc. Performance Share Units Mandryk, Suzanna 5 31/12/2014 30 10,287 24

Cineplex Inc. Deferred Share Units Marwah, Sarabjit 4 31/12/2014 30 10,208 28

Insider Reporting

January 15, 2015

(2015), 38 OSCB 418



Acquired/ Disposed

Cineplex Inc. Deferred Share Units McGrath, Daniel F. 5 31/12/2014 30 9,818 27

Cineplex Inc. Performance Share Units McGrath, Daniel F. 5 31/12/2014 30 43,840 120

Cineplex Inc. Deferred Share Units Munk, Anthony 4 31/12/2014 30 13

Cineplex Inc. Deferred Share Units Munk, Anthony 4 31/12/2014 30 13

Cineplex Inc. Deferred Share Units Munk, Anthony 4 31/12/2014 30 4,762 13

Cineplex Inc. Deferred Share Units Nelson, Gordon 5 28/11/2014 30 33

Cineplex Inc. Deferred Share Units Nelson, Gordon 5 28/11/2014 30 11,464 22

Cineplex Inc. Deferred Share Units Nelson, Gordon 5 31/12/2014 30 7,499 21

Cineplex Inc. Performance Share Units Nelson, Gordon 5 31/12/2014 30 29,329 81

Cineplex Inc. Performance Share Units Nonis, Paul 5 31/12/2014 30 10,291 28

Cineplex Inc. Performance Share Units Sautter, George 5 31/12/2014 30 9,798 27

Cineplex Inc. Deferred Share Units Sonshine, Edward 5 31/12/2014 30 10,970 30

Cineplex Inc. Performance Share Units Stanghieri, Fabrizio 5 31/12/2014 30 9,602 26

Cineplex Inc. Deferred Share Units Steacy, Robert Joseph 4 31/12/2014 30 6,122 17

Cineplex Inc. Deferred Share Units Yaffe, Phyllis 4 31/12/2014 30 7,478 21

Cipher Pharmaceuticals Inc. Common Shares O'Brien, Shawn Patrick 5 31/12/2014 10 17.29 17,940 7,000

Claim Post Resources Inc. Options Assman, John Kenneth 3, 6 01/02/2013 00

Claim Post Resources Inc. Options Assman, John Kenneth 3, 6 01/02/2013 00 400,000

Claim Post Resources Inc. Options Assman, John Kenneth 3, 6 19/07/2013 50 550,000 150,000

Claim Post Resources Inc. Options Assman, John Kenneth 3, 6 22/07/2013 50 150,000

Claude Resources Inc. Deferred Share Units Booth, Brian 4 01/01/2015 56 786,821 125,000

Claude Resources Inc. Options Options Booth, Brian 4 01/01/2015 50 0.315 196,239 125,000

Claude Resources Inc. Deferred Share Units Hicks, Ronald J. 4 01/01/2015 56 785,291 125,000

Claude Resources Inc. Options Options Hicks, Ronald J. 4 01/01/2015 50 0.315 325,717 125,000

Claude Resources Inc. Deferred Share Units Kowalishin, John Robert 4 01/01/2015 56 785,291 125,000

Claude Resources Inc. Options Options Kowalishin, John Robert 4 01/01/2015 50 0.315 315,717 125,000

Claude Resources Inc. Deferred Share Units Mirwald, Rita Mary 4 01/01/2015 56 785,291 125,000

Claude Resources Inc. Options Options Mirwald, Rita Mary 4 01/01/2015 50 0.315 215,717 125,000

Claude Resources Inc. Deferred Share Units Sylvestre, Michel 4, 5 01/01/2015 56 677,414 17,123

Claude Resources Inc. Options Options Sylvestre, Michel 4, 5 01/01/2015 50 0.315 107,840 17,123

Cogeco Cable Inc. Subordinate Voting Shares actions subalternes à droit de vote

St-Pierre, Louise 5 22/11/2013 10 48.01 10,170 -5,103


St-Pierre, Louise 5 20/02/2014 10 53.58 0 -10,170


St-Pierre, Louise 5 24/11/2014 10 64.6 0 -3,802

Columbus Gold Corp. Common Shares Atzmon, Gil 4 05/01/2015 10 0.355 38,500 -1,500

Columbus Gold Corp. Common Shares Atzmon, Gil 4 05/01/2015 10 0.3592 38,000 -500

Columbus Gold Corp. Common Shares Atzmon, Gil 4 06/01/2015 10 0.36 17,000 -21,000

Columbus Gold Corp. Common Shares Atzmon, Gil 4 06/01/2015 10 0.355 0 -17,000

Computer Modelling Group Ltd.

Common Shares Computer Modelling Group Ltd.

1 30/12/2014 38 11.8 274,200 900



1 30/12/2014 38 11.86 275,700 1,500



1 30/12/2014 38 11.87 277,200 1,500



1 30/12/2014 38 11.875 277,300 100



1 30/12/2014 38 11.88 280,300 3,000



1 30/12/2014 38 11.89 280,800 500



1 30/12/2014 38 11.95 280,900 100



1 30/12/2014 38 20,700 -260,200



1 31/12/2014 38 12 22,100 1,400

Insider Reporting

January 15, 2015

(2015), 38 OSCB 419



Acquired/ Disposed



1 31/12/2014 38 12.01 23,600 1,500



1 31/12/2014 38 12.02 23,700 100



1 31/12/2014 38 12.03 23,800 100



1 31/12/2014 38 12.05 25,300 1,500



1 31/12/2014 38 12.07 28,800 3,500



1 31/12/2014 38 12.08 29,400 600



1 31/12/2014 38 12.09 30,800 1,400



1 31/12/2014 38 12.1 34,000 3,200



1 31/12/2014 38 12.11 37,200 3,200



1 31/12/2014 38 12.12 38,700 1,500



1 06/01/2015 38 0 -38,700


Common Shares Kinash, Peter Harry 4 05/01/2015 10 11.5 71,800 -2,000








Common Shares Zaozirny, John Brian 4 06/01/2015 10 11.43 200,000 -40,000

Condor Petroleum Inc. Common Shares Storm, Norman 6 30/12/2014 10 0.175 3,201,618 20,000

Condor Petroleum Inc. Common Shares Storm, Norman 6 30/12/2014 10 0.18 3,221,618 20,000

Constellation Software Inc. Common Shares Symons, Barry Alan 5 31/12/2014 30 262.76 129 105

Copperbank Resources Corp.

Common Shares Kovacevic, John Gianni 4, 5 08/01/2015 10 0.055 3,622,000 13,000

Copperbank Resources Corp.

Warrants Kovacevic, John Gianni 4, 5 08/01/2015 10 0.005 966,000 62,000

Corona Gold Corporation (formerly Blue Echo Ventures Inc.)

Common Shares Corona Gold Corporation 1 16/12/2014 38 0.37 1,873 1,873


Common Shares Corona Gold Corporation 1 23/12/2014 38 0.39 38,873 37,000


Common Shares Corona Gold Corporation 1 31/12/2014 38 0 -38,873

Cortex Business Solutions Inc.

Common Shares Lailey, Ryan Douglas 5 31/12/2014 46 0.09 1,799,187 600,000

Cortex Business Solutions Inc.

Common Shares Lailey, Ryan Douglas 5 06/01/2015 10 0.095 1,668,187 -131,000

Cott Corporation Common Shares Corby, Stephen 5 03/01/2015 30 6.8166 4,723 -2,574

Cott Corporation Common Shares Creamer, Michael 5 03/01/2015 30 7 42,633 -2,690

Cott Corporation Common Shares Fowden, Jeremy Stephen Gary

5 03/01/2015 30 7 572,454 -26,004

Cott Corporation Common Shares Kitching, Steven 5 03/01/2015 30 7 96,732 -2,406

Cott Corporation Common Shares Kitching, Steven 5 03/01/2015 10 6.8166 95,239 -1,493

Cott Corporation Common Shares Leiter, Gregory 5 03/01/2015 30 7 56,687 -6,049

Cott Corporation Common Shares Poe, Marni Morgan 5 03/01/2015 30 7 80,852 -3,703

Cott Corporation Common Shares Wells, Jay 5 03/01/2015 30 7 40,415 -5,427

CounterPath Corporation Common Shares Jones, Donovan 4, 5 07/01/2015 30 0.9069 360,139 2,995

CounterPath Corporation Common Shares Karp, David Lawrence 5 07/01/2015 30 0.9069 175,248 502

Crescent Point Energy Corp. Common Shares Borggard, Bradley Harlan 5 01/01/2015 57 46,246 25,000

Crescent Point Energy Corp. Common Shares Borggard, Bradley Harlan 5 01/01/2015 97 36,495 -9,751

Insider Reporting

January 15, 2015

(2015), 38 OSCB 420



Acquired/ Disposed

Crescent Point Energy Corp. Restricted Share Units Borggard, Bradley Harlan 5 01/01/2015 56 79,175 15,175

Crescent Point Energy Corp. Restricted Share Units Borggard, Bradley Harlan 5 01/01/2015 57 54,175 -25,000

Crescent Point Energy Corp. Common Shares Christie, Derek Wayne 5 01/01/2015 57 208,418 24,588

Crescent Point Energy Corp. Common Shares Christie, Derek Wayne 5 01/01/2015 97 198,828 -9,590

Crescent Point Energy Corp. Restricted Share Units Christie, Derek Wayne 5 01/01/2015 56 106,471 8,971

Crescent Point Energy Corp. Restricted Share Units Christie, Derek Wayne 5 01/01/2015 57 81,883 -24,588

Crescent Point Energy Corp. Restricted Share Units Cillis, Laura Ann 4 05/11/2014 00

Crescent Point Energy Corp. Restricted Share Units Cillis, Laura Ann 4 01/01/2015 56 2,966 2,966

Crescent Point Energy Corp. Common Shares Gritzfeldt, Ryan Chad Raymond

5 01/01/2015 57 139,243 30,389

Crescent Point Energy Corp. Common Shares Gritzfeldt, Ryan Chad Raymond

5 01/01/2015 97 127,087 -12,156

Crescent Point Energy Corp. Restricted Share Units Gritzfeldt, Ryan Chad Raymond

5 01/01/2015 56 12,346


5 01/01/2015 56 123,345 12,346


5 01/01/2015 57 -30,389


5 01/01/2015 57 92,956 -30,389

Crescent Point Energy Corp. Common Shares LAMONT, KENNETH 5 01/01/2015 57 180,089 32,253

Crescent Point Energy Corp. Common Shares LAMONT, KENNETH 5 01/01/2015 97 166,865 -13,224

Crescent Point Energy Corp. Restricted Share Units LAMONT, KENNETH 5 01/01/2015 56 127,197 17,201

Crescent Point Energy Corp. Restricted Share Units LAMONT, KENNETH 5 01/01/2015 57 94,944 -32,253

Crescent Point Energy Corp. Common Shares MacDonald, Tamara 5 01/01/2015 57 301,584 25,631

Crescent Point Energy Corp. Common Shares MacDonald, Tamara 5 01/01/2015 97 290,050 -11,534

Crescent Point Energy Corp. Restricted Share Units MacDonald, Tamara 5 01/01/2015 56 131,186 8,019

Crescent Point Energy Corp. Restricted Share Units MacDonald, Tamara 5 01/01/2015 57 105,555 -25,631

Crescent Point Energy Corp. Common Shares Saxberg, Scott 4 01/01/2015 57 482,710 80,391

Crescent Point Energy Corp. Common Shares Saxberg, Scott 4 01/01/2015 97 451,357 -31,353

Crescent Point Energy Corp. Common Shares Saxberg, Scott 4 05/01/2015 57 530,190 78,833

Crescent Point Energy Corp. Common Shares Saxberg, Scott 4 05/01/2015 97 499,445 -30,745

Crescent Point Energy Corp. Restricted Share Units Saxberg, Scott 4 01/01/2015 56 382,367 65,030

Crescent Point Energy Corp. Restricted Share Units Saxberg, Scott 4 01/01/2015 57 301,976 -80,391

Crescent Point Energy Corp. Restricted Share Units Saxberg, Scott 4 05/01/2015 56 380,809 78,833

Crescent Point Energy Corp. Restricted Share Units Saxberg, Scott 4 05/01/2015 57 301,976 -78,833

Crescent Point Energy Corp. Common Shares Smith, Clifford Neil 5 01/01/2015 57 367,293 34,343

Crescent Point Energy Corp. Common Shares Smith, Clifford Neil 5 01/01/2015 97 352,868 -14,425

Crescent Point Energy Corp. Restricted Share Units Smith, Clifford Neil 5 01/01/2015 56 158,252 12,669

Crescent Point Energy Corp. Restricted Share Units Smith, Clifford Neil 5 01/01/2015 57 123,909 -34,343

Crescent Point Energy Corp. Common Shares Stangl, Trent Terry 5 01/01/2015 57 184,773 24,454

Crescent Point Energy Corp. Common Shares Stangl, Trent Terry 5 01/01/2015 97 174,746 -10,027

Crescent Point Energy Corp. Restricted Share Units Stangl, Trent Terry 5 01/01/2015 56 104,942 10,942

Crescent Point Energy Corp. Restricted Share Units Stangl, Trent Terry 5 01/01/2015 57 80,488 -24,454

Crescent Point Energy Corp. Common Shares TISDALE, GREGORY 5 01/01/2015 57 142,015 30,893

Crescent Point Energy Corp. Common Shares TISDALE, GREGORY 5 01/01/2015 97 128,730 -13,285

Crescent Point Energy Corp. Common Shares TISDALE, GREGORY 5 02/01/2015 10 27.238 118,730 -10,000

Crescent Point Energy Corp. Restricted Share Units TISDALE, GREGORY 5 01/01/2015 56 155,028 7,780

Crescent Point Energy Corp. Restricted Share Units TISDALE, GREGORY 5 01/01/2015 57 124,135 -30,893

Crescent Point Energy Corp. Common Shares Toews, Steven George 5 01/01/2015 57 190,774 28,283

Crescent Point Energy Corp. Common Shares Toews, Steven George 5 01/01/2015 97 178,046 -12,728

Crescent Point Energy Corp. Restricted Share Units Toews, Steven George 5 01/01/2015 56 102,839 13,338

Crescent Point Energy Corp. Restricted Share Units Toews, Steven George 5 01/01/2015 57 74,556 -28,283

Crest Petroleum Corp. Common Shares Pierce, Toby Robert 6 28/11/2014 37 228,000 -912,000

Crest Petroleum Corp. Options Pierce, Toby Robert 6 28/11/2014 37 20,000 -80,000

CRH Medical Corporation Common Shares Holler, Anthony 4 31/12/2014 99 1,500,000 -120,000

Crius Energy Trust Rights Restricted Trust Units

Bhullar, Roop 5 31/12/2014 58 - Expiration of rights

0 -8,307


Boehme, Cami 5 31/12/2014 58 - Expiration of rights

0 -5,769

Insider Reporting

January 15, 2015

(2015), 38 OSCB 421



Acquired/ Disposed


Chester, Michael 5 31/12/2014 58 - Expiration of rights

0 -5,128


Clay, Barbara Ann 5 31/12/2014 58 - Expiration of rights

0 -5,076


Fallquist, Michael 4, 5 31/12/2014 58 - Expiration of rights

0 -33,333


Parikh, Chaitu 5 31/12/2014 58 - Expiration of rights

0 -61,594

Crocodile Gold Corp. Common Shares Miller, III, Lloyd I. 3 02/01/2015 00 121,500

Crocodile Gold Corp. Common Shares Miller, III, Lloyd I. 3 02/01/2015 00 1,234,850

Crocodile Gold Corp. Common Shares Miller, III, Lloyd I. 3 02/01/2015 00 9,403,000

Crocodile Gold Corp. Common Shares Miller, III, Lloyd I. 3 07/01/2015 10 0.1249 11,903,000 2,500,000

Crocodile Gold Corp. Common Shares Miller, III, Lloyd I. 3 08/01/2015 10 0.1231 1,187,500

Crocodile Gold Corp. Common Shares Miller, III, Lloyd I. 3 08/01/2015 10 0.1231 1,187,500

Crocodile Gold Corp. Common Shares Miller, III, Lloyd I. 3 08/01/2015 10 0.1231 13,090,500 1,187,500

Crocodile Gold Corp. Convertible Debentures 8.0% convertible unsecured debentures

Miller, III, Lloyd I. 3 02/01/2015 00 $990,102






Miller, III, Lloyd I. 3 02/01/2015 00 $1,123,908









CT Real Estate Investment Trust

Units Boivin, Pierre 6 23/10/2013 00 10,000


Deferred Units Hollister, Brenton Vaughn 4 31/12/2014 56 12.186 2,649 513


Deferred Units Laidley, David Howard 4 31/12/2014 56 12.186 13,716 2,359


Deferred Units Martini, Anna 4 31/12/2014 56 12.186 9,314 1,795


Deferred Units O'Bryan, John Charles 4 31/12/2014 56 12.186 9,075 1,518

CWC Energy Services Corp. Common Shares Dubois, Michael 5 01/01/2015 00 53,333

CWC Energy Services Corp. Options Dubois, Michael 5 01/01/2015 00 1,250,000

CWC Energy Services Corp. Restricted Share Units Dubois, Michael 5 01/01/2015 00 151,667

CWC Energy Services Corp. Options Flint, Craig 5 05/01/2015 00 1,000,000

CWC Energy Services Corp. Restricted Share Units Flint, Craig 5 05/01/2015 00 150,000

CWN Mining Acquisition Corporation

Common Shares Li, Wen Hua 3, 4, 5 07/01/2015 00


Common Shares Li, Wen Hua 3, 4, 5 07/01/2015 00


Common Shares Li, Wen Hua 3, 4, 5 07/01/2015 15 0.5 6,000,000 6,000,000

Darnley Bay Resources Limited

Common Shares levy, Jamie 4 31/12/2014 10 0.07 290,600 25,000

DATA Group Ltd. Convertible Debentures 6.00% Convertible Unsecured Subordinated Debenture

DATA Group Ltd. 1 03/12/2014 38 62 $14,000 $14,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 422



Acquired/ Disposed


DATA Group Ltd. 1 03/12/2014 38 $0 -$14,000


DATA Group Ltd. 1 04/12/2014 38 61.5 $2,000 $2,000


DATA Group Ltd. 1 04/12/2014 38 $0 -$2,000


DATA Group Ltd. 1 05/12/2014 38 63 $19,000 $19,000


DATA Group Ltd. 1 05/12/2014 38 $0 -$19,000


DATA Group Ltd. 1 12/12/2014 38 62.5 $19,000 $19,000


DATA Group Ltd. 1 12/12/2014 38 $0 -$19,000

DDJ High Yield Fund Units DDJ High Yield Fund 1 12/12/2014 38 10.5 2,500 2,500

DDJ High Yield Fund Units DDJ High Yield Fund 1 12/12/2014 38 0 -2,500











DHX Media Ltd. Common Voting Shares Beale, Elizabeth Jane 4 15/12/2014 00

DHX Media Ltd. OTC Calls (including Private Options to Purchase) 300,000 common voting shares, expires January 2, 2018

Donovan, Michael 4 15/05/2006 00

DHX Media Ltd. OTC Calls (including Private Options to Purchase) 300,000 common voting shares, expires January 2, 2018

Donovan, Michael 4 02/01/2015 70 -1 -1

DHX Media Ltd. OTC Puts (including Private Options to Sell) 300,000 common voting shares, expires January 2, 2018

Donovan, Michael 4 15/05/2006 00

DHX Media Ltd. OTC Puts (including Private Options to Sell) 300,000 common voting shares, expires January 2, 2018

Donovan, Michael 4 02/01/2015 70 1 1

DHX Media Ltd. Common Voting Shares Machum, Donald Geoffrey 4 09/01/2015 10 9.13 93,026 150

DHX Media Ltd. Common Voting Shares Tait, Catherine Johnson 4 15/12/2014 00

DHX Media Ltd. Common Voting Shares Tait, Catherine Johnson 4 15/12/2014 00

DHX Media Ltd. Variable Voting Shares Tait, Catherine Johnson 4 15/12/2014 00

DHX Media Ltd. Variable Voting Shares Tait, Catherine Johnson 4 15/12/2014 00 2,098

Diamond Estates Wines & Spirits Inc.

Common Shares Oakwest Corporation Limited

3 31/12/2014 10 0.095 23,166,382 4,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 423



Acquired/ Disposed

Difference Capital Financial Inc.

Common Shares Difference Capital Financial Inc.

1 05/11/2014 38 0 -172,300



1 31/12/2014 38 1.0097 136,600 136,600



1 06/01/2015 38 0 -136,600


Convertible Debentures 8% Unsecured Subordinated


1 23/12/2014 38 76.99 $48,420 $6,000


Convertible Debentures 8% Unsecured Subordinated


1 23/12/2014 38 $0 -$48,420

DIRTT Environmental Solutions Ltd.

Common Shares Baker, Tracy May 5 31/12/2014 30 316,701 1,679


Common Shares Baker, Tracy May 5 31/12/2014 30 3,979 1,679


Common Shares Jenkins, Scott Ronald 4, 5 31/12/2014 30 180,378 3,358

Divestco Inc. Common Shares Class A Webster, Bruce 3 09/01/2015 10 0.06 2,824,800 38,000

Dixie Energy Trust Options Atkinson, Ian Kenneth 5 29/12/2014 38 0 -50,000

Dixie Energy Trust Restricted Awards (Cash or Trust Units)

Atkinson, Ian Kenneth 5 29/12/2014 59 0.8 33,334 -16,666


Atkinson, Ian Kenneth 5 29/12/2014 57 0 -33,334

Dixie Energy Trust Trust Units Atkinson, Ian Kenneth 5 29/12/2014 57 120,334 20,334

Dixie Energy Trust Options Dumba, Kevin Drew 5 29/12/2014 38 -100,000

Dixie Energy Trust Options Dumba, Kevin Drew 5 29/12/2014 38 -100,000


McGowin, William Travis 7 29/12/2014 59 0.8 33,334 -16,666


McGowin, William Travis 7 29/12/2014 59 0.5 0 -33,334

Dixie Energy Trust Options Oke, Jeffrey Thomas 4 29/12/2014 38 0 -50,000


Oke, Jeffrey Thomas 4 29/12/2014 59 0.8 33,334 -16,666


Oke, Jeffrey Thomas 4 29/12/2014 57 0 -33,334

Dixie Energy Trust Trust Units Oke, Jeffrey Thomas 4 29/12/2014 57 23334 123,334 23,334

Dixie Energy Trust Options Tanaka, Karen Lori 5 29/12/2014 38 0 -100,000


Tanaka, Karen Lori 5 29/12/2014 59 0.8 -33,333


Tanaka, Karen Lori 5 29/12/2014 59 0.8 66,667 -33,333


Tanaka, Karen Lori 5 29/12/2014 57 -66,667


Tanaka, Karen Lori 5 29/12/2014 57 0 -66,667

Dixie Energy Trust Trust Units Tanaka, Karen Lori 5 29/12/2014 57 40,667

Dixie Energy Trust Trust Units Tanaka, Karen Lori 5 29/12/2014 57 251,917 40,667

DNI Metals Inc. Common Shares clement, denis arthur 4 05/01/2015 16 0.05 789,087 600,000

DNI Metals Inc. Common Shares Grant, Colin 5 05/01/2015 11 0.05 322,805 300,000

DNI Metals Inc. Common Shares Weir, Daniel John 4, 5 13/11/2014 00

DNI Metals Inc. Common Shares Weir, Daniel John 4, 5 05/01/2015 16 0.05 900,000 900,000

Dollarama Inc. Common Shares Dollarama Inc. 1 09/12/2014 38 53.765 301,024 301,024

Dollarama Inc. Common Shares Dollarama Inc. 1 09/12/2014 38 0 -301,024







Dollarama Inc. Common Shares Dollarama Inc. 1 17/12/2014 38 57 1,000 1,000


Dolly Varden Silver Corporation

Rights DSU Ambrose, Allen Vernon 4 31/12/2014 56 511,578 125,760

Insider Reporting

January 15, 2015

(2015), 38 OSCB 424



Acquired/ Disposed


Rights DSU Burns, John King 4 31/12/2014 56 694,998 173,461


Rights DSU He, Yingbin Ian 4 31/12/2014 56 278,479 86,732


Rights DSU Marter, Allan John 4 31/12/2014 56 636,701 160,451


Rights DSU Moore, Rosalie C. 4 31/12/2014 56 278,479 86,732

DragonWave Inc. Common Shares Farrar, David Russell 7, 5 06/01/2015 30 1.1111 276,862 2,163

DragonWave Inc. Common Shares Frederick, Russell, James 5 06/01/2015 30 1.1111 101,739 1,082

DragonWave Inc. Common Shares LAWLOR, JOHN RICHARD 5 06/01/2015 30 1.1111 1,362 478

Dream Global Real Estate Investment Trust (formerly, Dundee International Real Estate Investment Trust)

Rights Deferred Trust Units

DREAM Unlimited Corp. 3 02/01/2015 30 8.5 659,972 30,410

Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)

Trust Units Series A Dream Office Real Estate Investment Trust

1 08/12/2014 38 25.385 5,300



1 08/12/2014 38 25.985 5,300 5,300



1 05/01/2015 38 25.453 12,500 12,500



1 05/01/2015 38 0 -12,500



1 06/01/2015 38 25.687 33,100 33,100



1 06/01/2015 38 0 -33,100



1 07/01/2015 38 26.944 51,000 51,000



1 07/01/2015 38 0 -51,000



1 08/01/2015 38 27.145 40,200 40,200



1 08/01/2015 38 0 -40,200



1 09/01/2015 38 26.829 31,000 31,000



1 09/01/2015 38 0 -31,000

DREAM Unlimited Corp. Subordinate Voting Shares Class A

DREAM Unlimited Corp. 1 30/12/2014 38 9.2545 13,000




DREAM Unlimited Corp. 1 30/12/2014 38 -13,000


DREAM Unlimited Corp. 1 30/12/2014 38 0 -11,400

Insider Reporting

January 15, 2015

(2015), 38 OSCB 425



Acquired/ Disposed









Dundee Corporation Rights Deferred Share Units

Attanasio, Mark 7 06/01/2015 00 1,558


Goodman, Daniel 4 31/12/2014 56 3,659 1,070


Jacob, Ellis 4 31/12/2014 56 70,211 2,200


Sinclair, Alistair Murray 4 31/12/2014 56 14,800 1,513

Dundee Energy Limited (formerly Eurogas Corporation)

Rights Deferred Share Units

Smith, Michael Richard 4 31/12/2014 56 0.06 162,407 44,367

Dundee Precious Metals Inc. Rights Deferred Share Units

Buntain, Derek Hedley Longworth

4 31/12/2014 56 2.74 39,905 4,872


Gillin, Robert Peter Charles 4 31/12/2014 56 2.74 68,360 9,252


Goodman, Jonathan Carter 4, 6, 5 31/12/2014 56 426,763 6,301


John, William Murray 4 31/12/2014 46 2.74 79,393 9,252


Kinsman, Jeremy 4 31/12/2014 56 2.74 32,734 3,778


MacRae, Garth A. C. 4 31/12/2014 56 2.74 29,825 3,778


Nixon, Peter 4 31/12/2014 56 2.74 39,905 4,873


Singer, Ronald 4 31/12/2014 56 2.74 55,026 6,515


Walsh, Anthony P. 3 31/12/2014 56 2.74 32,357 6,515


Young, Donald Walter 4 31/12/2014 56 2.74 22,143 3,777

dynaCERT Inc. (formerly Dynamic Fuel Systems Inc.)

Common Shares Strashin, Elliot Phillip 4 05/01/2015 10 0.1575 705,000 20,000

Dynacor Gold Mines Inc. Common Shares Devitre, Richard 4 31/12/2014 10 1.61 53,727 1,100

Dynacor Gold Mines Inc. Common Shares Devitre, Richard 4 02/01/2015 10 1.61 54,127 400

Dynacor Gold Mines Inc. Common Shares Mines d'Or Dynacor inc. 1 01/12/2014 38 1.56 100 100

Dynacor Gold Mines Inc. Common Shares Mines d'Or Dynacor inc. 1 01/12/2014 38 1.55 12,000 11,900

Dynacor Gold Mines Inc. Common Shares Mines d'Or Dynacor inc. 1 01/12/2014 38 0 -12,000












Dynacor Gold Mines Inc. Common Shares Mines d'Or Dynacor inc. 1 09/12/2014 38 1.59 900 900







Insider Reporting

January 15, 2015

(2015), 38 OSCB 426



Acquired/ Disposed



















easyhome Ltd. Deferred Share Unit Plan Appel, David Harry 4 31/12/2014 30 20.22 1,014

easyhome Ltd. Deferred Share Unit Plan Appel, David Harry 4 31/12/2014 30 20.22 37,193 1,162

easyhome Ltd. Deferred Share Unit Plan Appel, David Harry 4 09/01/2015 30 18.68 37,358 165

easyhome Ltd. Performance Share Units Atkinson, Richard 5 09/01/2015 30 18.68 25,462 116

easyhome Ltd. Restricted Share Unit Atkinson, Richard 5 09/01/2015 30 18.68 25,101 66

easyhome Ltd. Restricted Share Unit Atkinson, Richard 5 09/01/2015 30 18.68 25,149 48

easyhome Ltd. Deferred Share Unit Plan Basian, Karen 4 06/11/2014 00

easyhome Ltd. Deferred Share Unit Plan Basian, Karen 4 31/12/2014 30 20.22 940

easyhome Ltd. Deferred Share Unit Plan Basian, Karen 4 31/12/2014 30 20.22 865

easyhome Ltd. Deferred Share Unit Plan Basian, Karen 4 31/12/2014 30 20.22 569 569

easyhome Ltd. Restricted Share Unit Chung, Janice 8 09/01/2015 30 18.68 4,529 13

easyhome Ltd. Restricted Share Unit Chung, Janice 8 09/01/2015 30 18.68 4,536 7

easyhome Ltd. Performance Share Units Goertz, Steve 5 09/01/2015 30 18.68 35,608 162

easyhome Ltd. Restricted Share Unit Goertz, Steve 5 09/01/2015 30 18.68 43,084 139

easyhome Ltd. Restricted Share Unit Goertz, Steve 5 09/01/2015 30 18.68 43,141 57

easyhome Ltd. Restricted Share Unit Guyatt, Jay 5 09/01/2015 30 18.68 12,159 35

easyhome Ltd. Restricted Share Unit Guyatt, Jay 5 09/01/2015 30 18.68 12,180 21

easyhome Ltd. Performance Share Units Ingram, David 4, 5 09/01/2015 30 18.68 161,837 734

easyhome Ltd. Restricted Share Unit Ingram, David 4, 5 09/01/2015 30 18.68 130,200 420

easyhome Ltd. Restricted Share Unit Ingram, David 4, 5 09/01/2015 30 18.68 130,371 171

easyhome Ltd. Deferred Share Unit Plan Johnson, Donald Kenneth 3, 4 09/01/2015 30 18.68 52,488 238

easyhome Ltd. Deferred Share Unit Plan Lewis, David Andrew 4 31/12/2014 30 20.22 297

easyhome Ltd. Deferred Share Unit Plan Lewis, David Andrew 4 31/12/2014 30 20.22 37,315 371

easyhome Ltd. Deferred Share Unit Plan Lewis, David Andrew 4 09/01/2015 30 18.68 37,483 168

easyhome Ltd. Performance Share Units Maries, David 5 09/01/2015 30 18.68 32,372 147

easyhome Ltd. Restricted Share Unit Maries, David 5 09/01/2015 30 18.68 31,524 84

easyhome Ltd. Restricted Share Unit Maries, David 5 09/01/2015 30 18.68 31,585 61

easyhome Ltd. Performance Share Units Milcke, Diana 8 09/01/2015 30 18.68 9,893 45

easyhome Ltd. Restricted Share Unit Milcke, Diana 8 09/01/2015 30 18.68 15

easyhome Ltd. Restricted Share Unit Milcke, Diana 8 09/01/2015 30 18.68 5,107 15

easyhome Ltd. Restricted Share Unit Milcke, Diana 8 09/01/2015 30 18.68 5,115 8

easyhome Ltd. Performance Share Units Mullins, Jason 5 09/01/2015 30 18.68 25,310 115

easyhome Ltd. Restricted Share Unit Mullins, Jason 5 09/01/2015 30 18.68 34,054 108

easyhome Ltd. Restricted Share Unit Mullins, Jason 5 09/01/2015 30 18.68 34,102 48

easyhome Ltd. Deferred Share Unit Plan Thomson, David J. 4 31/12/2014 30 20.22 522

easyhome Ltd. Deferred Share Unit Plan Thomson, David J. 4 31/12/2014 30 20.22 10,128 596

easyhome Ltd. Deferred Share Unit Plan Thomson, David J. 4 09/01/2015 30 18.68 10,172 44

easyhome Ltd. Performance Share Units Yeilding, David 5 09/01/2015 30 18.68 10,454 48

easyhome Ltd. Restricted Share Unit Yeilding, David 5 09/01/2015 30 18.68 12,164 35

easyhome Ltd. Restricted Share Unit Yeilding, David 5 09/01/2015 30 18.68 12,184 20

Insider Reporting

January 15, 2015

(2015), 38 OSCB 427



Acquired/ Disposed

Eclipse Residential Mortgage Investment Corporation

Class A Shares Eclipse Residential Mortgage Investment Corporation

1 08/12/2014 38 8.6 3,000 3,000



1 08/12/2014 38 8.6 0 -3,000



1 12/12/2014 38 8.58 500 500



1 12/12/2014 38 8.58 0 -500



1 15/12/2014 38 8.58 3,000 3,000



1 15/12/2014 38 8.58 0 -3,000



1 17/12/2014 38 8.63 2,600 2,600



1 17/12/2014 38 8.63 0 -2,600



1 18/12/2014 38 8.63 2,400 2,400



1 18/12/2014 38 8.63 0 -2,400



1 19/12/2014 38 8.63 3,000 3,000



1 19/12/2014 38 8.63 0 -3,000



1 24/12/2014 38 8.6 3,000 3,000



1 24/12/2014 38 8.6 0 -3,000



1 24/12/2014 38 8.45 100 100



1 24/12/2014 38 8.45 0 -100

Economic Investment Trust Limited

Common Shares Barron, John Christopher 6 08/01/2015 10 91.293 3,117 300


Common Shares Canadian & Foreign Securities Co. Limited

3 05/01/2015 10 90.99 673,713 7,700


Common Shares Canadian & Foreign Securities Co. Limited

3 06/01/2015 10 89.3 674,213 500

EcoSynthetix Inc. Common Shares van Leeuwen, John 4, 5 06/01/2015 10 1.5 148,345 5,000

EGI Financial Holdings Inc. Common Shares Dobronyi, Steve 5 31/12/2014 10 13.25 6,622 1,532

EGI Financial Holdings Inc. Common Shares Dobronyi, Steve 5 07/01/2015 51 13.01 68,349 11,355

EGI Financial Holdings Inc. Restricted Share Units Dobronyi, Steve 5 07/01/2015 51 13.01 18,000 -22,500

EGI Financial Holdings Inc. Common Shares EGI Financial Holdings Inc. 1 30/11/2014 10 13.569 7,000

EGI Financial Holdings Inc. Common Shares EGI Financial Holdings Inc. 1 30/11/2014 10 13.569 7,000 7,000

EGI Financial Holdings Inc. Common Shares EGI Financial Holdings Inc. 1 30/11/2014 38 -7,000

EGI Financial Holdings Inc. Common Shares EGI Financial Holdings Inc. 1 30/11/2014 38 0 -7,000



EGI Financial Holdings Inc. Common Shares EGI Financial Holdings Inc. 1 31/12/2014 10 13.479 254,800 254,800

EGI Financial Holdings Inc. Common Shares EGI Financial Holdings Inc. 1 31/12/2014 38 13.479 -254,800

EGI Financial Holdings Inc. Common Shares EGI Financial Holdings Inc. 1 31/12/2014 38 13.479 -254,800

Insider Reporting

January 15, 2015

(2015), 38 OSCB 428



Acquired/ Disposed

EGI Financial Holdings Inc. Common Shares EGI Financial Holdings Inc. 1 31/12/2014 38 0 -254,800

EGI Financial Holdings Inc. Deferred Share Units Purves, Robert 4, 5 06/01/2015 97 13.09 17,817 487

EGI Financial Holdings Inc. Deferred Share Units Purves, Robert 4, 5 06/01/2015 97 13.09 17,964 147

EGI Financial Holdings Inc. Common Shares Sharma, Alvin 5 31/12/2014 10 3,207

EGI Financial Holdings Inc. Common Shares Sharma, Alvin 5 31/12/2014 10 13.18 3,207

EGI Financial Holdings Inc. Common Shares Sharma, Alvin 5 31/12/2014 10 13.18 3,207 1,028

Eguana Technologies Inc. Common Shares Holland, Justin 5 07/01/2015 36 1,036,546 436,446

Eguana Technologies Inc. Convertible Preferred Shares

Holland, Justin 5 07/01/2015 36 0 -5,000

Eldorado Gold Corporation Deferred Units (Cash Settled)

Cory, Keith Ross 4 31/12/2014 56 35,829 1,271


Gilmore, Robert Russ 4 31/12/2014 56 47,519 1,412


Reid, Steven Paul 4 31/12/2014 56 24,140 2,489

Eldorado Gold Corporation Common Shares Webster, John 4 01/01/2015 00


Webster, John 4 01/01/2015 00

Eldorado Gold Corporation Options Webster, John 4 01/01/2015 00 100,000

Emera Incorporated DSU Armour, Wesley Gordon 4 31/12/2014 56 32,509 822

Emera Incorporated DSU Armour, Wesley Gordon 4 31/12/2014 30 32,830 321

Emera Incorporated DSU Bragg, James Lee 4 31/12/2014 56 7,774 439

Emera Incorporated DSU Bragg, James Lee 4 31/12/2014 30 7,848 74

Emera Incorporated DSU Chrominska, Sylvia Dolores 4 31/12/2014 56 13,701 989

Emera Incorporated DSU Chrominska, Sylvia Dolores 4 31/12/2014 30 13,830 129

Emera Incorporated DSU Demone, Henry 4 31/12/2014 56 931 881

Emera Incorporated DSU Edgeworth, Allan Leslie 4 31/12/2014 56 32,662 889

Emera Incorporated DSU Edgeworth, Allan Leslie 4 31/12/2014 30 32,984 322

Emera Incorporated DSU Eisenhauer, James Daniel 7 31/12/2014 56 26,081 1,278

Emera Incorporated DSU Eisenhauer, James Daniel 7 31/12/2014 30 26,333 252

Emera Incorporated DSU Greer, Sandra 7 31/12/2014 56 1,697 470

Emera Incorporated DSU Greer, Sandra 7 31/12/2014 30 1,709 12

Emera Incorporated DSU Ivany, Raymond Edmund 7 31/12/2014 56 9,346 920

Emera Incorporated DSU Ivany, Raymond Edmund 7 31/12/2014 30 9,432 86

Emera Incorporated DSU Leonard, James Wayne 4 31/12/2014 56 1,218 1,167

Emera Incorporated DSU Loewen, Lynn 4 31/12/2014 56 6,897 1,110

Emera Incorporated DSU Loewen, Lynn 4 31/12/2014 30 6,956 59

Emera Incorporated DSU McLennan, John T. 7 31/12/2014 56 62,506 1,167

Emera Incorporated DSU McLennan, John T. 7 31/12/2014 30 63,128 622

Emera Incorporated DSU Pether, Donald Allison 4 31/12/2014 56 23,061 1,233

Emera Incorporated DSU Pether, Donald Allison 4 31/12/2014 30 23,282 221

Emera Incorporated DSU Rosen, Andrea Sarah 4 31/12/2014 56 32,098 1,193

Emera Incorporated DSU Rosen, Andrea Sarah 4 31/12/2014 30 32,411 313

Emera Incorporated DSU Rounding, Marie Catherine 7 31/12/2014 56 14,520 470

Emera Incorporated DSU Rounding, Marie Catherine 7 31/12/2014 30 14,662 142

Emera Incorporated DSU Sergel, Richard 4 31/12/2014 56 5,572 453

Emera Incorporated DSU Sergel, Richard 4 31/12/2014 30 5,624 52

Emera Incorporated DSU SHEPPARD, Mary Jacqueline

4 31/12/2014 56 27,629 1,649


4 31/12/2014 30 27,879 250


4 31/12/2014 30 27,893 14

Enbridge Inc. Common Shares Beaumont, Glenn William 7 21/10/2014 48 - Acquisition by inheritance or disposition by bequest

19,728 333

Enbridge Inc. Preferred Shares Series F Beaumont, Glenn William 7 01/10/2013 00

Enbridge Inc. Preferred Shares Series F Beaumont, Glenn William 7 21/10/2014 48 - Acquisition by inheritance or disposition by bequest

175 175

Insider Reporting

January 15, 2015

(2015), 38 OSCB 429



Acquired/ Disposed

Enbridge Inc. Preferred Shares Series U Beaumont, Glenn William 7 01/10/2013 00

Enbridge Inc. Preferred Shares Series U Beaumont, Glenn William 7 22/10/2014 48 - Acquisition by inheritance or disposition by bequest

233 233

Enbridge Inc. Preferred Shares Series V Beaumont, Glenn William 7 01/10/2013 00

Enbridge Inc. Preferred Shares Series V Beaumont, Glenn William 7 22/10/2014 48 - Acquisition by inheritance or disposition by bequest

108 108

Enbridge Inc. Common Shares Gruending, Colin Kenneth 5 02/01/2015 51 19.13 21,246 10,000

Enbridge Inc. Common Shares Gruending, Colin Kenneth 5 02/01/2015 10 60.26 11,246 -10,000

Enbridge Inc. Options $19.13 ($38.26) - February 9, 2017 Expiry

Gruending, Colin Kenneth 5 02/01/2015 51 19.13 10,000 -10,000

Enbridge Inc. Common Shares Shultz, C.E. (Chuck) 4 02/01/2015 10 59.5 18,971 -15,000

Encana Corporation Common Shares Code, Corey Douglas 7 24/10/2013 00

Encana Corporation Common Shares Code, Corey Douglas 7 02/01/2015 10 16.063 700 700

Encana Corporation Deferred Share Units Dea, Peter Allen 4 01/01/2015 56 63,517 9,800

Encana Corporation Common Shares Dyck, Stephen Edward 7 06/01/2015 10 12.86 4,116 200

Encana Corporation Deferred Share Units Fowler, Fred John 4 01/01/2015 56 63,591 9,800

Encana Corporation Deferred Share Units Mayson, Howard John 4 01/01/2015 56 19,800 9,800

Encana Corporation Deferred Share Units McIntire, Lee Alan 4 01/01/2015 56 10,649 9,800

Encana Corporation Deferred Share Units Nimocks, Suzanne Paquin 4 01/01/2015 56 63,591 9,800

Encana Corporation Deferred Share Units Peverett, Jane Leslie 4 01/01/2015 56 146,501 9,800

Encana Corporation Deferred Share Units Shaw, Brian Gordon 4 01/01/2015 56 30,178 9,800

Encana Corporation Deferred Share Units Waterman, Bruce G. 4 01/01/2015 56 69,726 9,800

Encana Corporation Deferred Share Units Woitas, Clayton 4, 5 01/01/2015 56 94,829 18,000

enCore Energy Corp. (formerly Wolfpack Gold Corp.)

Options Cherry, Richard 4 31/12/2014 00

enCore Energy Corp. (formerly Wolfpack Gold Corp.)

Options Cherry, Richard 4 31/12/2014 50 0.05 400,000 400,000

Endeavour Mining Corporation

Deferred Share Units (Cash payment on Redemption)

Beckett, Michael E. 4, 5 06/01/2015 56 244,542 65,601



Cockerill, Ian 4 06/01/2015 56 0.362 109,460 41,432



Giustra, Frank 4 06/01/2015 56 0.362 86,601 34,527



Henderson, Ian Ramsay 4 06/01/2015 56 0.362 267,825 55,242



McManus, Wayne W. 4 06/01/2015 56 0.362 179,019 48,337



Rodriguez, Miguel 4 06/01/2015 56 0.362 80,360 27,622

Endeavour Silver Corp. Options Dickson, Daniel 5 30/12/2014 38 690,000 -120,000

Endeavour Silver Corp. Options Dickson, Daniel 5 30/12/2014 38 560,000 -130,000

Endeavour Silver Corp. Rights Deferred Share Unit

Handley, Geoffrey Arthur 4 31/12/2014 56 2.54 59,219 7,224

Endeavour Silver Corp. Options Poznanski, Bernard 5 30/12/2014 38 95,000 -25,000

Endeavour Silver Corp. Options Poznanski, Bernard 5 30/12/2014 38 70,000 -25,000

Endeavour Silver Corp. Options Szotlender, Mario 4 30/12/2014 52 126,000 -75,000

Endeavour Silver Corp. Options Szotlender, Mario 4 30/12/2014 52 106,500 -19,500

EnerCare Inc. (formerly The Consumers' Waterheater Income Fund)

Performance Units Macdonald, John 5 31/12/2014 30 123,730 3,878


Performance Units Macdonald, John 5 31/12/2014 59 15.59 54,750 -68,980

Insider Reporting

January 15, 2015

(2015), 38 OSCB 430



Acquired/ Disposed


Deferred Share Units Pantelidis, James 4 31/12/2014 56 114,775 2,091


Deferred Share Units Pearce, Roy 4 31/12/2014 56 45,893 789


Performance Units Sutherland, Evelyn Louise 5 31/12/2014 30 47,690 1,481


Performance Units Sutherland, Evelyn Louise 5 31/12/2014 59 15.59 21,352 -26,338


Performance Units Toffoletto, John 5 31/12/2014 30 44,387 1,401


Performance Units Toffoletto, John 5 31/12/2014 59 15.59 19,460 -24,927

Enerflex Ltd. Common Shares Boswell, Robert Stephen 4 31/03/2014 10 16.02 27,414 480

Enerflex Ltd. Rights Deferred Share Units (cash settled)

Boswell, Robert Stephen 4 31/03/2014 10 16.02 480





ENERGY INDEXPLUS Dividend Fund

Trust Units ENERGY INDEXPLUS Dividend Fund

1 05/01/2015 38 6.6392 1,275,827 2,600



1 06/01/2015 38 6.489 1,280,027 4,200



1 07/01/2015 38 6.4286 1,281,427 1,400

Enerplus Corporation Common Shares (Deferred Share Plan (“DSU”))

Barr, David Heckman 4 06/01/2015 46 11.292 24,501 8,635

Enerplus Corporation Common Shares Caza, Jo-Anne M. 5 31/12/2014 57 25.81 24,777 6,316

Enerplus Corporation Common Shares Caza, Jo-Anne M. 5 31/12/2014 10 15.07 18,461 -6,316

Enerplus Corporation Common Shares (Performance Share Unit Plan (“PSU”))

Caza, Jo-Anne M. 5 31/12/2014 57 25.81 26,090 -6,316

Enerplus Corporation Rights (Rights Incentive Plan)

Caza, Jo-Anne M. 5 31/12/2014 58 - Expiration of rights

43,858 -5,180



36,242 -7,616



26,510 -9,732


Culbert, Michael Robert 4 20/03/2014 00


Culbert, Michael Robert 4 06/01/2015 46 11.292 8,635 8,635

Enerplus Corporation Common Shares Daniels, Raymond John 5 31/12/2014 57 25.81 32,615 15,765

Enerplus Corporation Common Shares Daniels, Raymond John 5 31/12/2014 10 15.07 16,850 -15,765


Daniels, Raymond John 5 31/12/2014 57 25.81 79,886 -15,765


Daniels, Raymond John 5 31/12/2014 58 - Expiration of rights

64,129 -6,180



54,287 -9,842



39,176 -15,111

Enerplus Corporation Common Shares Dodge, Edwin V. 4 06/01/2015 46 11.292 29,150 3,029

Enerplus Corporation Common Shares DUNDAS, Ian Charles 5 31/12/2014 57 25.81 93,185 28,333

Enerplus Corporation Common Shares DUNDAS, Ian Charles 5 31/12/2014 10 15.07 64,852 -28,333


DUNDAS, Ian Charles 5 31/12/2014 57 25.81 147,387 -28,333

Insider Reporting

January 15, 2015

(2015), 38 OSCB 431



Acquired/ Disposed


DUNDAS, Ian Charles 5 31/12/2014 58 - Expiration of rights

128,279 -16,431



109,040 -19,239



78,507 -30,533


Foulkes, Hilary, Amber 4 21/02/2014 00


Foulkes, Hilary, Amber 4 06/01/2015 46 11.292 8,635 8,635


Fraser, James Berkeley 4 06/01/2015 46 11.292 20,174 8,635

Enerplus Corporation Common Shares Hodgins, Robert Bruce 4 06/01/2015 46 11.292 18,923 8,635

Enerplus Corporation Common Shares Jenson Labrie, Jodine Julene

5 31/12/2014 57 25.81 2,438


5 31/12/2014 57 25.81 2,438


5 31/12/2014 10 15.07 -2,438


5 31/12/2014 10 15.07 -2,438


Jenson Labrie, Jodine Julene

5 31/12/2014 57 25.81 -2,438



5 31/12/2014 57 25.81 -2,438



5 31/12/2014 58 - Expiration of rights -2,825

















5 31/12/2014 57 25.81 2,456 2,438


5 31/12/2014 10 15.07 18 -2,438



5 31/12/2014 57 25.81 25,016 -2,438



5 31/12/2014 58 - Expiration of rights

18,096 -2,825




13,959 -4,137




10,619 -3,340

Enerplus Corporation Common Shares Kehrig, Robert Anthony 5 31/12/2014 57 25.81 25,429 11,900

Enerplus Corporation Common Shares Kehrig, Robert Anthony 5 31/12/2014 10 15.07 13,529 -11,900


Kehrig, Robert Anthony 5 31/12/2014 57 25.81 42,003 -11,900


Kehrig, Robert Anthony 5 31/12/2014 58 - Expiration of rights

28,308 -4,677

Enerplus Corporation Common Shares Le Dain, Eric G.C. 5 31/12/2014 57 25.81 29,255 14,159

Enerplus Corporation Common Shares Le Dain, Eric G.C. 5 31/12/2014 10 15.07 15,096 -14,159


Le Dain, Eric G.C. 5 31/12/2014 57 25.81 70,666 -14,159

Insider Reporting

January 15, 2015

(2015), 38 OSCB 432



Acquired/ Disposed


Le Dain, Eric G.C. 5 31/12/2014 58 - Expiration of rights

46,753 -8,790


MacKenzie, Susan Mary 4 06/01/2015 46 11.292 24,501 8,635

Enerplus Corporation Common Shares MCCOY, David 5 31/12/2014 57 25.81 27,675 10,845

Enerplus Corporation Common Shares MCCOY, David 5 31/12/2014 10 15.07 16,830 -10,845


MCCOY, David 5 31/12/2014 57 25.81 43,305 -10,845


MCCOY, David 5 31/12/2014 58 - Expiration of rights

66,378 -7,887



55,136 -11,242



40,212 -14,924

Enerplus Corporation Common Shares McLaughlin, Edward 5 31/12/2014 57 25.81 7,596 4,071

Enerplus Corporation Common Shares McLaughlin, Edward 5 31/12/2014 10 15.07 3,525 -4,071

Enerplus Corporation Common Shares McLaughlin, Edward 5 31/12/2014 57 25.81 7,216 3,691

Enerplus Corporation Common Shares McLaughlin, Edward 5 31/12/2014 10 15.07 3,525 -3,691


McLaughlin, Edward 5 31/12/2014 57 25.81 49,197 -4,071


McLaughlin, Edward 5 31/12/2014 57 25.81 45,506 -3,691


Nelson, Donald J. 4 06/01/2015 46 11.292 15,716 3,029


Pew, Elliott 4 06/01/2015 46 11.292 29,151 13,285

Enerplus Corporation Common Shares Politeski, Michael 7 31/12/2014 57 25.81 1,976 1,976

Enerplus Corporation Common Shares Politeski, Michael 7 31/12/2014 10 15.07 0 -1,976


Politeski, Michael 7 31/12/2014 57 25.81 11,808 -1,976


Politeski, Michael 7 31/12/2014 58 - Expiration of rights

12,925 -1,511


Politeski, Michael 7 31/12/2014 58 - Expiration of rights

10,278 -2,647


Roane, Glen Dawson 4 06/01/2015 46 11.292 27,144 8,635


Steeves, Sheldon Brooks 4 06/01/2015 46 11.292 21,322 8,635

Enerplus Corporation Common Shares Walsh, Patrick Scott 5 31/12/2014 57 25.81 8,250 6,530

Enerplus Corporation Common Shares Walsh, Patrick Scott 5 31/12/2014 10 15.07 1,720 -6,530


Walsh, Patrick Scott 5 31/12/2014 57 25.81 30,373 -6,530

Enerplus Corporation Common Shares WATERS, Robert J. 5 31/12/2014 57 25.81 59,204 20,245

Enerplus Corporation Common Shares WATERS, Robert J. 5 31/12/2014 10 15.07 38,959 -20,245


WATERS, Robert J. 5 31/12/2014 57 25.81 82,136 -20,245


WATERS, Robert J. 5 31/12/2014 58 - Expiration of rights

23,267 -16,431

Enerplus Corporation Common Shares Young, Kenneth 5 31/12/2014 57 25.81 8,239 8,239

Enerplus Corporation Common Shares Young, Kenneth 5 31/12/2014 10 15.07 0 -8,239


Young, Kenneth 5 31/12/2014 57 25.81 33,117 -8,239

Enertopia Corp. Options Bhullar, Baljinder 5 30/12/2014 52 0.1 1,050,000 -100,000

Engagement Labs Inc. Common Shares Allard, Paul 4 06/01/2015 57 0.48 662,003 166,667

Insider Reporting

January 15, 2015

(2015), 38 OSCB 433



Acquired/ Disposed

Engagement Labs Inc. Restricted Stock Units Allard, Paul 4 06/01/2014 56 0.03 500,000

Engagement Labs Inc. Restricted Stock Units Allard, Paul 4 06/01/2014 56 0.3 500,000 500,000

Engagement Labs Inc. Restricted Stock Units Allard, Paul 4 06/01/2015 57 0.48 333,333 -166,667

Engagement Labs Inc. Restricted Stock Units Dickson, Robert Earl 4 06/01/2014 00

Engagement Labs Inc. Restricted Stock Units Dickson, Robert Earl 4 01/01/2015 56 0.47 175,000 175,000

Engagement Labs Inc. Common Shares Paterson, G. Scott 4 06/01/2015 57 0.48 283,333 33,333

Engagement Labs Inc. Restricted Stock Units Paterson, G. Scott 4 01/01/2015 56 0.47 170,000

Engagement Labs Inc. Restricted Stock Units Paterson, G. Scott 4 01/01/2015 56 0.47 270,000 170,000

Engagement Labs Inc. Restricted Stock Units Paterson, G. Scott 4 06/01/2015 57 0.48 236,667 -33,333

Engagement Labs Inc. Restricted Stock Units Pollack, Sheldon M. 4 01/05/2014 00

Engagement Labs Inc. Restricted Stock Units Pollack, Sheldon M. 4 01/01/2015 56 0.47 50,000 50,000

Engagement Labs Inc. Restricted Stock Units Segal, Bryan 5 01/12/2014 00

Engagement Labs Inc. Restricted Stock Units Segal, Bryan 5 01/01/2015 56 0.47 500,000 500,000

Ensign Energy Services Inc. Common Shares Edwards, Norman Murray 3, 4, 5 07/01/2014 30 16.62 19,844,488 210




Ensign Energy Services Inc. Rights Deferred Share Units (Common Shares)

Kangas, Leonard 4 05/01/2015 30 10.191 23,324 244


Schroeder, John G. 4 05/01/2015 22 10.191 244


Schroeder, John G. 4 05/01/2015 30 10.191 244


Schroeder, John G. 4 05/01/2015 30 10.191 23,324 244

Ensign Energy Services Inc. Common Shares Surkan, Gail Donelda 4 05/01/2015 90 17,386 -2,372

Ensign Energy Services Inc. Common Shares Surkan, Gail Donelda 4 05/01/2015 90 13,278 2,372


Surkan, Gail Donelda 4 05/01/2015 30 10.191 4,414 51

Enterprise Group, Inc. Common Shares Cabral, Warren 5 09/01/2015 10 0.395 183,500 10,000

ENTREC Corporation Restricted Share Chorney, Colin David 5 01/01/2015 56 16,000 8,000

ENTREC Corporation Restricted Share Chorney, Terris Neal 5 01/01/2015 56 16,000 8,000

ENTREC Corporation Restricted Share Fleming, Glen 5 01/01/2015 56 36,000 8,000

ENTREC Corporation Restricted Share Irwin, Whitney 5 01/01/2015 56 23,500 8,000

ENTREC Corporation Restricted Share Locher, Lisa Giselle 5 01/01/2015 56 20,500 8,000

ENTREC Corporation Restricted Share Marlin, Rodney Frank 4 01/01/2015 56 36,000 8,000

ENTREC Corporation Restricted Share McLeod, Gavin Russell 5 01/01/2015 56 26,000 8,000

ENTREC Corporation Restricted Share Stevens, John Michael 4, 5 01/01/2015 56 36,000 8,000

ENTREC Corporation Restricted Share Swagerman, Alan Dirk 5 01/01/2015 56 81,000 8,000

ENTREC Corporation Restricted Share Vandenberg, Jason Neil 4 01/01/2015 56 36,000 8,000

Epsilon Energy Ltd. Common Shares Epsilon Energy Ltd. 1 02/01/2015 38 0 -1,069,900

Equitable Group Inc. Rights Restricted Share Units

Edmunds, William Reid 7 08/01/2015 59 64.189 -2,570 -4,363

Equitable Group Inc. Common Shares Fryer, Scott Allan 5 16/12/2014 59 64.15 -364

Equitable Group Inc. Common Shares Fryer, Scott Allan 5 16/12/2014 59 64.15 -364

Erdene Resource Development Corporation


BURTON, WILLIAM B. 4 31/12/2014 56 0.1 145,216 12,877



Byrne, John Philip 4 31/12/2014 56 0.1 145,216 12,877



Webster, Philip L. 4 31/12/2014 56 0.1 145,216 12,877

Eskay Mining Corp Common Shares Balkam, Hugh McLellan 4 07/01/2015 10 0.075 2,627,000 30,000

ESSA Pharma Inc. Common Shares Andersen, Raymond 4, 5 08/12/2014 00 3,175,000

ESSA Pharma Inc. Options Andersen, Raymond 4, 5 08/12/2014 00 420,000

ESSA Pharma Inc. Options Cossum, Paul 5 08/12/2014 00 400,000

ESSA Pharma Inc. Common Shares Glickman, Richard 4 08/12/2014 00 745,000

ESSA Pharma Inc. Common Shares Glickman, Richard 4 08/12/2014 00 100,000

ESSA Pharma Inc. Options Glickman, Richard 4 08/12/2014 00 75,000

ESSA Pharma Inc. Options Perabo, Frank 5 08/12/2014 00 500,000

ESSA Pharma Inc. Common Shares RIEDER, ROBERT 4, 5 08/12/2014 00 2,450,000

ESSA Pharma Inc. Common Shares RIEDER, ROBERT 4, 5 08/12/2014 00 31,250

Insider Reporting

January 15, 2015

(2015), 38 OSCB 434



Acquired/ Disposed

ESSA Pharma Inc. Options RIEDER, ROBERT 4, 5 08/12/2014 00

ESSA Pharma Inc. Options RIEDER, ROBERT 4, 5 08/12/2014 00

ESSA Pharma Inc. Options RIEDER, ROBERT 4, 5 31/12/2014 50 2 150,000 150,000

ESSA Pharma Inc. Common Shares Sadar, Marianne 4, 5 08/12/2014 00 3,175,000

ESSA Pharma Inc. Options Sadar, Marianne 4, 5 08/12/2014 00 420,000

ESSA Pharma Inc. Options Sollis, Gary Ralph 4 08/12/2014 00 120,000

ESSA Pharma Inc. Options Wood, David Sidney 5 08/12/2014 00 275,000

Essential Energy Services Ltd.

Common Shares NEWMAN, JEFFREY BURT 5 07/01/2015 51 1.15 46,403 40,000


Common Shares NEWMAN, JEFFREY BURT 5 07/01/2015 10 6,403 -40,000


Options NEWMAN, JEFFREY BURT 5 07/01/2015 51 1.15 465,000 -40,000

Etrion Corporation Rights Restricted Share Units (RSUs)

Alvarez-Bolado, Fernando 7 31/12/2014 56 357,640 200,000


Lacueva Canut, Christian 5 31/12/2014 56 353,003 200,000


Northland, Marco 4, 5 31/12/2014 56 2,371,826 1,200,000

Etrion Corporation Common Shares Oravec, Martin 5 31/12/2014 10 0.35 76,000 500

Etrion Corporation Common Shares Oravec, Martin 5 06/01/2015 10 0.36 81,000 5,000




Oravec, Martin 5 31/12/2014 56 230,980 175,000


Salita, German 7 31/12/2014 56 1,748,443 920,000

Evertz Technologies Limited Common Shares Patel, Rakesh Thakor 7 30/12/2014 10 17.4 953,600 -3,000

Excellon Resources Inc. Deferred Share Units Eaton, Thor 4 02/01/2015 56 0.66 52,449 15,152

Excellon Resources Inc. Deferred Share Units Fernandez Mena, Oliver 4 02/01/2015 56 0.66 35,073 10,227

Excellon Resources Inc. Deferred Share Units Fortier, André Y. 4 02/01/2015 56 0.66 60,321 18,182

Excellon Resources Inc. Deferred Share Units McFarland, Alan Roberts 4 02/01/2015 56 0.66 57,621 16,667

Excellon Resources Inc. Deferred Share Units Ryan, Timothy J. 4 02/01/2015 56 0.66 59,599 20,076

Excelsior Mining Corp. Common Shares Edwards, Tamara M 3 17/01/2014 10 0.4287 5,900,000 -350,000

Excelsior Mining Corp. Common Shares Edwards, Tamara M 3 20/01/2014 10 0.5032 5,800,000 -100,000

Exchange Income Corporation

Common Shares Peter, Carmele 5 12/11/2012 00


Common Shares Peter, Carmele 5 06/01/2015 10 21.97 102,000


Common Shares Peter, Carmele 5 06/01/2015 10 21.97 102,000 102,000


Common Shares Peter, Carmele 5 06/01/2015 11 78,194 -23,806





Exco Technologies Limited Common Shares CARTWRIGHT, BONITA 5 06/01/2015 51 1.92 44,755 28,000

Exco Technologies Limited Options CARTWRIGHT, BONITA 5 06/01/2015 51 1.92 60,000 -28,000

Exco Technologies Limited Common Shares Nguyen, Huong 5 25/11/2010 00

Exco Technologies Limited Common Shares Nguyen, Huong 5 06/01/2015 51 3.3 1,000 1,000

Exco Technologies Limited Common Shares Nguyen, Huong 5 25/11/2010 00

Exco Technologies Limited Common Shares Nguyen, Huong 5 05/01/2015 51 1.92 600 600

Exco Technologies Limited Common Shares Nguyen, Huong 5 05/01/2015 51 3.3 2,100 1,500

Exco Technologies Limited Options Nguyen, Huong 5 05/01/2015 51 39,000 -600

Exco Technologies Limited Options Nguyen, Huong 5 05/01/2015 51 37,500 -1,500

Exco Technologies Limited Options Nguyen, Huong 5 06/01/2015 51 36,500 -1,000

EXPLOR RESOURCES INC. Common Shares Dupont, Chris 4, 5 05/01/2015 10 0.055 2,654,197 20,000

EXPLOR RESOURCES INC. Common Shares Dupont, Chris 4, 5 08/01/2015 10 0.055 2,664,197 10,000

Faircourt Gold Income Corp. Common Shares Panagopoulos, Christopher 8 05/01/2015 10 3.4187 4,000 -4,000

Faircourt Split Trust Preferred Shares “B” Preferred Shares

Taerk, Charles G. 6 31/12/2014 38 0 -953

Insider Reporting

January 15, 2015

(2015), 38 OSCB 435



Acquired/ Disposed


Taerk, Charles G. 6 31/12/2014 38 0 -3,262


Taerk, Charles G. 6 31/12/2014 38 0 -653


Waterson, Douglas John 4 31/12/2014 38 0 -442


Waterson, Douglas John 4 31/12/2014 38 0 -3,113





Fairfax Financial Holdings Limited

Subordinate Voting Shares

Lovell, Peter H. 7 02/01/2015 10 520.7 2,959 -100

Falcon Gold Corp. Common Shares Wilkinson, Stephen James 4, 5 31/12/2014 10 0.1 44,500 10,000

FAM Real Estate Investment Trust

Trust Units Welch, Brady Scott 4, 7, 5 31/12/2014 10 7.7 6,460 3,210

FAM Real Estate Investment Trust

Trust Units Welch, Brady Scott 4, 7, 5 31/12/2014 10 7.7 6,410 3,210

First Capital Realty Inc. Convertible Debentures 5.4% unsecured due Jan. 31./19 - FCR.DB.E

First Capital Realty Inc. 1 02/12/2014 38 1.015 $9,000 $9,000


First Capital Realty Inc. 1 02/12/2014 38 1.015 $0 -$9,000













First Majestic Silver Corp. Options Anthony, Todd Olson 5 05/01/2015 50 6.14 117,500 25,000

First Majestic Silver Corp. Options Arias, Jill Anne 5 05/01/2015 50 6.14 92,500 25,000

First Majestic Silver Corp. Options Cordoba Ramos, Rodrigo 5 05/01/2015 50 6.14 235,000 35,000

First Majestic Silver Corp. Options Davila, Ramon 4 05/01/2015 50 6.14 604,611 49,611

First Majestic Silver Corp. Options Diaz Medina, Jesus Arturo 5 05/01/2015 50 6.14 203,750 35,000

First Majestic Silver Corp. Options GARCIA, SALVADOR 5 05/01/2015 50 6.14 500,000 150,000

First Majestic Silver Corp. Options Lillico, Connie 5 05/01/2015 50 6.14 470,000 100,000

First Majestic Silver Corp. Options McCallum, Robert A. 4 05/01/2015 50 6.14 154,538 49,611

First Majestic Silver Corp. Options Mendoza Reyes, Ramon 5 05/01/2015 50 6.14 185,000 35,000

First Majestic Silver Corp. Options Neumeyer, Keith 4, 5 05/01/2015 50 6.14 840,000 200,000

First Majestic Silver Corp. Options Palacios, Martin Ernesto 5 05/01/2015 50 6.14 495,000 125,000

First Majestic Silver Corp. Options PENROSE, DOUGLAS JOHN

4 05/01/2015 50 6.14 154,538 49,611

First Majestic Silver Corp. Common Shares Pezzotti, Tony 4 09/01/2015 10 7.35 338,956 -20,000



First Majestic Silver Corp. Options Pezzotti, Tony 4 05/01/2015 50 6.14 154,538 49,611

First Majestic Silver Corp. Options Polman, Raymond L. 5 05/01/2015 50 6.14 495,000 125,000

First Majestic Silver Corp. Common Shares Poon, Andrew Winston 5 01/01/2015 00 37,800

First Majestic Silver Corp. Options Poon, Andrew Winston 5 01/01/2015 00 202,500

First Majestic Silver Corp. Options Poon, Andrew Winston 5 05/01/2015 50 6.14 242,500 40,000

First Majestic Silver Corp. Options SHAW, DAVID ANDREW 4 05/01/2015 50 6.14 154,538 49,611

Insider Reporting

January 15, 2015

(2015), 38 OSCB 436



Acquired/ Disposed

First Quantum Minerals Ltd Units Deferred Share Adams, Andrew Bell 4 31/12/2014 46 16.77 1,765 1,034

First Quantum Minerals Ltd Units Deferred Share Hanley, Michael 4 31/12/2014 46 16.77 1,765 1,034

First Quantum Minerals Ltd Units Deferred Share Harding, Robert J 4 31/12/2014 46 16.77 1,765 1,034

First Quantum Minerals Ltd Units Deferred Share Martineau, Michael Peter 4 31/12/2014 46 16.77 1,765 1,034

First Quantum Minerals Ltd Common Shares Rowley, Martin 4, 5 12/11/2014 57 16.79 126,467 106,462

First Quantum Minerals Ltd Performance Share Units Rowley, Martin 4, 5 12/11/2014 57 16.79 207,820 -70,975

Flaherty & Crumrine Investment Grade Fixed Income Fund

Trust Units Flaherty & Crumrine Investment Grade Fixed Income Fund

1 08/12/2014 38 13.25 3,000 3,000



1 08/12/2014 38 13.25 0 -3,000



1 16/12/2014 38 13.15 3,000 3,000



1 16/12/2014 38 13.15 0 -3,000



1 17/12/2014 38 13.15 3,000 3,000



1 17/12/2014 38 13.15 0 -3,000



1 18/12/2014 38 13.12 1,700 1,700



1 18/12/2014 38 13.12 0 -1,700



1 19/12/2014 38 13.16 700 700



1 19/12/2014 38 13.16 0 -700



1 23/12/2014 38 13.07 2,400 2,400



1 23/12/2014 38 13.07 0 -2,400



1 23/12/2014 38 13.22 3,000 3,000



1 23/12/2014 38 13.22 0 -3,000



1 30/12/2014 38 13.18 300 300



1 30/12/2014 38 13.18 0 -300

Fortress Paper Ltd. Common Shares Class A voting without par value

Buckle, Danial 5 02/01/2015 57 1.83 31,595 6,019


Buckle, Danial 5 02/01/2015 57 1.83 10,519 6,019

Fortress Paper Ltd. Rights Restricted Share Units

Buckle, Danial 5 02/01/2015 57 1.83 23,649 -12,038


Buckle, Danial 5 06/01/2015 56 1.83 78,293 54,644


Loewen, Kurt 5 02/01/2015 57 1.83 43,871 12,038


Loewen, Kurt 5 02/01/2015 57 1.83 28,417 -12,038


Loewen, Kurt 5 06/01/2015 56 1.83 83,061 54,644

Insider Reporting

January 15, 2015

(2015), 38 OSCB 437



Acquired/ Disposed


Wasilenkoff, Chadwick James

3, 4, 5 05/01/2015 38 9,372 -90,000

Fortuna Silver Mines Inc. Common Shares Iverson, Michael Alexander 4, 5 07/01/2015 51 4.03 12,000 12,000

Fortuna Silver Mines Inc. Common Shares Iverson, Michael Alexander 4, 5 07/01/2015 10 6.03 3,000 -9,000

Fortuna Silver Mines Inc. Common Shares Iverson, Michael Alexander 4, 5 07/01/2015 10 6.04 1,000 -2,000

Fortuna Silver Mines Inc. Common Shares Iverson, Michael Alexander 4, 5 07/01/2015 10 6.05 0 -1,000

Fortuna Silver Mines Inc. Options Iverson, Michael Alexander 4, 5 07/01/2015 51 23,700 -12,000

Fortuna Silver Mines Inc. Common Shares Ridgway, Simon T.P. 4 06/01/2015 51 4.03 25,560 25,000

Fortuna Silver Mines Inc. Common Shares Ridgway, Simon T.P. 4 06/01/2015 10 5.92 20,560 -5,000





Fortuna Silver Mines Inc. Common Shares Ridgway, Simon T.P. 4 06/01/2015 10 6 560 -2,500

Fortuna Silver Mines Inc. Options Ridgway, Simon T.P. 4 06/01/2015 51 50,000 -25,000

Fortuna Silver Mines Inc. Common Shares Ruiz-Conejo, Juan Manuel 5 02/01/2015 51 4.03 67,400 67,400

Fortuna Silver Mines Inc. Common Shares Ruiz-Conejo, Juan Manuel 5 02/01/2015 10 5.28 60,800 -6,600

Fortuna Silver Mines Inc. Common Shares Ruiz-Conejo, Juan Manuel 5 02/01/2015 10 5.29 60,400 -400
















Fortuna Silver Mines Inc. Common Shares Ruiz-Conejo, Juan Manuel 5 02/01/2015 10 5.27 0 -5,000

Fortuna Silver Mines Inc. Options Ruiz-Conejo, Juan Manuel 5 02/01/2015 51 275,067 -67,400

Fortuna Silver Mines Inc. Common Shares Szotlender, Mario 4 06/01/2015 51 4.03 321,700 75,000

Fortuna Silver Mines Inc. Common Shares Szotlender, Mario 4 06/01/2015 10 5.7 303,500 -18,200





Fortuna Silver Mines Inc. Common Shares Szotlender, Mario 4 07/01/2015 10 6.035 226,700 -100







Fortuna Silver Mines Inc. Common Shares Szotlender, Mario 4 08/01/2015 10 6 201,700 -5,000


Fortuna Silver Mines Inc. Options Szotlender, Mario 4 06/01/2015 51 363,800 -75,000

Fortuna Silver Mines Inc. Common Shares Whittall, Sally 5 06/01/2015 51 4.03 35,500 20,000

Fortuna Silver Mines Inc. Common Shares Whittall, Sally 5 06/01/2015 10 5.85 33,000 -2,500






Insider Reporting

January 15, 2015

(2015), 38 OSCB 438



Acquired/ Disposed

Fortuna Silver Mines Inc. Options Whittall, Sally 5 06/01/2015 51 68,770 -20,000

Fortune Bay Corp. Options Dawe, Wade K. 5 02/01/2015 52 600,000 -100,000

Fortune Bay Corp. Options MacKinnon, Brent 5 10/11/2014 00

Fortune Bay Corp. Options MacKinnon, Brent 5 02/01/2015 50 0.3 500,000 500,000

Fortune Bay Corp. Options Oliver, Sarah Lynn 5 10/11/2014 00

Fortune Bay Corp. Options Oliver, Sarah Lynn 5 02/01/2015 50 0.3 200,000 200,000

Freehold Royalties Ltd. Deferred Share Units blades, douglas nolan 4 31/12/2014 30 43,404 915

Freehold Royalties Ltd. Deferred Share Units blades, douglas nolan 4 01/01/2015 56 48,111 4,707

Freehold Royalties Ltd. Deferred Share Units CAMPBELL, HARRY SINCLAIR

4 31/12/2014 30 31,514 665

Freehold Royalties Ltd. Deferred Share Units CAMPBELL, HARRY SINCLAIR

4 01/01/2015 56 34,652 3,138

Freehold Royalties Ltd. Long Term Incentive Plan Awards

GUNDERSON, DARREN GLENN

5 01/01/2015 57 72,540 -30,600


GUNDERSON, DARREN GLENN

5 02/01/2015 56 129,890 57,350


Hadley, Scott 5 01/01/2015 57 97,295 -69,804


Hadley, Scott 5 02/01/2015 56 154,645 57,350

Freehold Royalties Ltd. Deferred Share Units HARRISON, PETER T 4 31/12/2014 30 17,385 367

Freehold Royalties Ltd. Deferred Share Units Korpach, Arthur Neil 4 31/12/2014 30 7,703 163

Freehold Royalties Ltd. Deferred Share Units Korpach, Arthur Neil 4 01/01/2015 56 10,841 3,138

Freehold Royalties Ltd. Deferred Share Units MacKenzie, Susan Mary 4 31/12/2014 30 1,711 36

Freehold Royalties Ltd. Deferred Share Units MacKenzie, Susan Mary 4 01/01/2015 56 4,849 3,138


Mogan, Michael Joseph 5 01/01/2015 57 25,345 -12,240


Mogan, Michael Joseph 5 02/01/2015 56 45,695 20,350


MOORE, DANIEL RUSSEL 5 01/01/2015 57 73,077 -40,903


MOORE, DANIEL RUSSEL 5 02/01/2015 56 132,277 59,200


Mullane, Tom 4, 5 01/01/2015 57 139,230 -8,395


Mullane, Tom 4, 5 02/01/2015 56 231,730 92,500

Freehold Royalties Ltd. Deferred Share Units SANDMEYER, DAVID JAMES

4 31/12/2014 30 15,624 329

Freehold Royalties Ltd. Deferred Share Units SANDMEYER, DAVID JAMES

4 01/01/2015 56 18,762 3,138


Stone, Michael John 5 01/01/2015 57 81,510 -39,100


Stone, Michael John 5 02/01/2015 56 137,010 55,500


TAYLOR, KAREN C 5 01/01/2015 57 27,400 -13,260


TAYLOR, KAREN C 5 02/01/2015 56 45,900 18,500

Freehold Royalties Ltd. Deferred Share Units Tourigny, Rodger 4 31/12/2014 30 14,629 308

Freehold Royalties Ltd. Deferred Share Units Tourigny, Rodger 4 01/01/2015 56 17,767 3,138

Freehold Royalties Ltd. Deferred Share Units Walsh, Aidan Murphy 4 31/12/2014 30 4,484 94

Freehold Royalties Ltd. Deferred Share Units Walsh, Aidan Murphy 4 01/01/2015 56 7,622 3,138

Frontenac Mortgage Investment Corporation

Common Shares Barnes, Robert 4 06/01/2015 15 30 49,279 39

Gabriel Resources Ltd. Rights RSUs - Restricted Share Units

Brown, Richard Paul 5 01/01/2015 59 109,177 -34,177

Gabriel Resources Ltd. Rights DSUs Cramer, Dag Lars 4 01/01/2015 56 160,000 80,000

Gabriel Resources Ltd. Rights DSUs Gusenbauer, Alfred 4 01/01/2015 56 160,000 80,000


Henry, Jonathan 4, 5 01/01/2015 59 53,797 -53,798

Gabriel Resources Ltd. Rights DSUs Hulley, Keith Robert 4 01/01/2015 56 160,000 80,000

Gabriel Resources Ltd. Rights DSUs Kirk, Harry Wayne 4 01/01/2015 56 160,000 80,000

Gabriel Resources Ltd. Rights DSUs Levental, Igor 4 01/01/2015 56 160,000 80,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 439



Acquired/ Disposed

Gabriel Resources Ltd. Rights DSUs Peat, David W. 4 01/01/2015 56 160,000 80,000

Gabriel Resources Ltd. Rights DSUs Segsworth, Walter Thomas 4 01/01/2015 56 247,430 80,000


Vaughan, Maxwell Lucas 5 01/01/2015 59 25,316 -25,317

Galileo Webtrack Systems Corp.

Common Shares Puar, Sokhie 4, 5 07/01/2015 11 625,000 100,000

Galway Gold Inc. Common Shares Hinchcliffe, Robert 4, 5 07/01/2015 10 0.06 7,586,000 150,000

Gamehost Inc. Common Shares Gamehost Inc. 1 05/12/2014 10 15.1 41,200 41,200




GAR Limited Common Shares Krystia, Walter 4 20/12/2013 00

GAR Limited Common Shares Krystia, Walter 4 20/12/2013 00

GAR Limited Common Shares Krystia, Walter 4 02/01/2015 10 0.05 20,000 20,000

GAR Limited Common Shares Lafreniere, Dennis 4 20/12/2013 00

GAR Limited Common Shares Lafreniere, Dennis 4 02/01/2015 10 0.05 25,000 25,000

GAR Limited Common Shares Pengelly, Robert, James 4 20/12/2013 00

GAR Limited Common Shares Pengelly, Robert, James 4 02/01/2015 10 0.05 10,000 10,000

GAR Limited Common Shares Rapski, John 4, 5 02/01/2015 10 0.1 5,720,500 500

GB Minerals Ltd. Options CABRITA da SILVA, LUIS G.

4, 5 31/12/2014 50 0.075 3,100,000 2,700,000

GB Minerals Ltd. Options Davidson, Kenneth Walter 4 31/12/2014 50 0.075 1,000,000 600,000

GB Minerals Ltd. Options Edwards, Robert Willem John

4 19/02/2014 00

GB Minerals Ltd. Options Edwards, Robert Willem John

4 31/12/2014 50 0.075 600,000 600,000

GB Minerals Ltd. Options Law, Angel Wing Chung 5 31/12/2014 50 0.075 1,075,000 750,000

GB Minerals Ltd. Options Ryan, Owen Charles 4 31/12/2014 50 0.075 3,200,000 1,200,000

GB Minerals Ltd. Options Zimin, Kirill 4 31/12/2014 50 0.075 1,200,000 600,000

GENDIS INC. Common Shares GENDIS INC. 1 01/12/2014 38 3.66 100 100

GENDIS INC. Common Shares GENDIS INC. 1 01/12/2014 38 0 -100

GENDIS INC. Common Shares GENDIS INC. 1 02/12/2014 38 3.8 1,000 1,000

GENDIS INC. Common Shares GENDIS INC. 1 02/12/2014 38 0 -1,000

















GENDIS INC. Common Shares GENDIS INC. 1 19/12/2014 38 3.67 300 300

GENDIS INC. Common Shares GENDIS INC. 1 19/12/2014 38 0 -300

Genesis Land Development Corp.

Common Shares Miller, III, Lloyd I. 3 02/01/2015 10 3.3008 1,374,300 10,300







Genworth MI Canada Inc. Common Shares Genworth Financial, Inc. 3 31/12/2014 90 37,853,629 359,406

Genworth MI Canada Inc. Common Shares Genworth Financial, Inc. 3 31/12/2014 38 40.22 359,406 -713,678

Insider Reporting

January 15, 2015

(2015), 38 OSCB 440



Acquired/ Disposed

Genworth MI Canada Inc. Common Shares Genworth Financial, Inc. 3 31/12/2014 97 -359,406

Genworth MI Canada Inc. Common Shares Genworth Financial, Inc. 3 31/12/2014 97 -359,406

Genworth MI Canada Inc. Common Shares Genworth Financial, Inc. 3 31/12/2014 90 0 -359,406

Genworth MI Canada Inc. Common Shares Genworth Financial, Inc. 3 31/12/2014 38 40.22 0 -360,000

Genworth MI Canada Inc. Deferred Share Units Walker, John Logan 7 31/12/2014 46 37.17 9,351 440

George Weston Limited Rights -Deferred Share Units

Bryant, Warren 7 01/01/2015 30 30

George Weston Limited Rights -Deferred Share Units

Bryant, Warren 7 01/01/2015 30 7,363 31

Gildan Activewear Inc. Deferred Share Units (DSUs)

Anderson, William D. 4 04/01/2015 56 56.69 18,065 551

Gildan Activewear Inc. Common Shares Gildan Activewear Inc. 1 12/12/2014 38 59.17 675,000 675,000

Gildan Activewear Inc. Common Shares Gildan Activewear Inc. 1 15/12/2014 38 59.17 675,000

Gildan Activewear Inc. Common Shares Gildan Activewear Inc. 1 16/12/2014 38 0 -675,000






Goodman, Russell Andrew 4 04/01/2015 56 56.69 9,494 406


Hagey, Russell 4 04/01/2015 56 56.69 2,249 463


Heller, George Jason 4 04/01/2015 56 56.69 21,597 617


Heller, George Jason 4 04/01/2015 56 56.69 21,756 159

Gildan Activewear Inc. Options Kehoe, James 5 01/01/2015 00

Gildan Activewear Inc. Options Kehoe, James 5 01/01/2015 50 65.7 92,433

Gildan Activewear Inc. Options Kehoe, James 5 01/01/2015 50 65.7 92,433 92,433

Gildan Activewear Inc. Restricted Share Units Kehoe, James 5 01/01/2015 00

Gildan Activewear Inc. Restricted Share Units Kehoe, James 5 01/01/2015 56 65.7 22,831 22,831


O'Brien, Sheila 4 04/01/2015 56 56.69 29,048 684


Robitaille, Pierre 4 04/01/2015 56 56.69 14,465 309


Scarborough, James 4 04/01/2015 56 56.69 21,229 617


Scarborough, James 4 04/01/2015 56 56.69 21,388 159


VALDES-FAULI, Gonzalo 4 04/01/2015 56 56.69 15,435 309

GLG LIFE TECH CORPORATION

Common Shares Meadows, Brian 5 06/01/2015 10 0.37 220,584 1,000

GLG LIFE TECH CORPORATION

Common Shares Meadows, Brian 5 06/01/2015 10 0.4 221,184 600

Global Dividend Growers Income Fund

Trust Units Global Dividend Growers Income Fund

1 02/01/2015 38 11.152 1,833,226 9,000



1 05/01/2015 38 11.1 1,839,826 6,600



1 06/01/2015 38 11.031 1,843,926 4,100



1 07/01/2015 38 11.163 1,845,526 1,600


Trust Units Lauzon, Robert 7 06/01/2015 10 11.07 0 -200

Global Healthcare Dividend Fund

Trust Units Global Healthcare Dividend Fund

1 02/01/2015 38 10.327 166,500 4,600



1 05/01/2015 38 10.37 168,000 1,500



1 06/01/2015 38 10.4 168,100 100



1 07/01/2015 38 10.403 169,500 1,400

Global Infrastructure Dividend Fund

Trust Units Global Infrastructure Dividend Fund

1 02/01/2015 38 9.4786 649,300 700

Insider Reporting

January 15, 2015

(2015), 38 OSCB 441



Acquired/ Disposed



1 05/01/2015 38 9.348 650,300 1,000



1 06/01/2015 38 9.2653 652,200 1,900



1 07/01/2015 38 9.1889 655,800 3,600

Gluskin Sheff + Associates Inc.

Deferred Share Units Beeston, Paul 5 31/12/2014 56 14,336 1,246


Deferred Share Units Beeston, Paul 5 05/01/2015 56 1,246


Deferred Share Units Davis, Virginia Ann 4 31/12/2014 56 156 156


Deferred Share Units Gobert, Wilfred Arthur 4 31/12/2014 56 18,038 1,016


Deferred Share Units Halperin, Stephen 4 31/12/2014 56 2,588 1,016


Deferred Share Units Lockhart, Nancy 4 31/12/2014 56 2,577 1,015


Deferred Share Units MacMillan, Thomas C. 4 31/12/2014 56 826 507


Deferred Share Units Solway, Herbert 4 31/12/2014 56 22,875 623


Deferred Share Units Themens, Pierre-Andre 4 31/12/2014 56 18,712 1,016

GMP Capital Inc. Common Shares GMP Capital Inc. 1 01/12/2014 38 5.9963 18,649 13,700





GMP Capital Inc. Common Shares GMP Capital Inc. 1 05/12/2014 38 346,047 -13,700




















GMP Capital Inc. Common Shares GMP Capital Inc. 1 06/01/2015 38 0 -48,545

Gold Canyon Resources Inc. Warrants Schmitz, Ron A. 5 22/04/2014 36 100,000

Gold Canyon Resources Inc. Warrants Schmitz, Ron A. 5 22/04/2014 36 100,000

Gold Standard Ventures Corp.

Common Shares Awde, Jonathan Charles Timothy

4, 6, 5 08/01/2015 10 0.56 1,107,400 5,000



4, 6, 5 08/01/2015 10 0.54 1,111,400 4,000



4, 6, 5 08/01/2015 10 0.55 1,116,400 5,000



4, 6, 5 08/01/2015 10 0.52 1,116,900 500



4, 6, 5 08/01/2015 10 0.54 1,118,400 1,500

Insider Reporting

January 15, 2015

(2015), 38 OSCB 442



Acquired/ Disposed



4, 6, 5 08/01/2015 10 0.536 1,128,400 10,000



4, 6, 5 09/01/2015 10 0.5711 1,136,900 8,500



4, 6, 5 09/01/2015 10 0.574 1,141,900 5,000



4, 6, 5 09/01/2015 10 0.572 1,149,400 7,500



4, 6, 5 09/01/2015 10 0.5766 1,152,400 3,000

Goldcorp Inc. Common Shares Ball, Russell David 5 31/12/2014 30 26.83 8,571 2,574

Goldcorp Inc. Common Shares BERGERON, BRENT 5 31/12/2014 30 27.11 2,659 531

Goldcorp Inc. Common Shares Bristol, Wade William 5 30/07/2014 00

Goldcorp Inc. Common Shares Bristol, Wade William 5 31/12/2014 30 20.29 244 244

Goldcorp Inc. Common Shares Burns, George Raymond 5 31/12/2014 30 26.79 54,044 3,083

Goldcorp Inc. Common Shares Canepari, Luis Maximo 5 31/12/2014 30 26.88 476 291

Goldcorp Inc. Common Shares Castaños Perez, Arturo Pablo

5 31/12/2014 30 24.65 1,659 861

Goldcorp Inc. Common Shares Chan, Kathy 5 31/12/2014 30 26.81 2,790 914

Goldcorp Inc. Common Shares Crema, Frank 5 31/12/2014 30 26.78 11,171 913

Goldcorp Inc. Common Shares Danni, Jerry Wayne 5 31/12/2014 30 24.65 4,311 1,219

Goldcorp Inc. Common Shares FARROW, PAUL 5 31/12/2014 30 26.81 8,788 1,243

Goldcorp Inc. Common Shares Hall, Lindsay Albert 5 31/12/2014 30 26.81 3,076

Goldcorp Inc. Common Shares Hall, Lindsay Albert 5 31/12/2014 30 26.81 130,323 3,081

Goldcorp Inc. Common Shares Hazelton, Rohan 5 31/12/2014 30 27.92 13,246 908

Goldcorp Inc. Common Shares HILLE, SIMON OSWALD 5 31/12/2014 30 26.85 1,799 898

Goldcorp Inc. Common Shares Jeannes, Charles A. 5 31/12/2014 30 26.77 339,796 5,619

Goldcorp Inc. Common Shares KLEIN, JOANNE MARGARET

5 31/12/2014 30 26.85 4,713 778

Goldcorp Inc. Common Shares La Foy, Jeff Morlan 5 12/02/2014 00

Goldcorp Inc. Common Shares La Foy, Jeff Morlan 5 31/12/2014 30 24.18 621 621

Goldcorp Inc. Common Shares Lawson, Gilbert John Frederick

5 31/12/2014 30 26.82 2,530 973

Goldcorp Inc. Common Shares Louie, Wendy 8 31/12/2014 30 26.79 5,779 983

Goldcorp Inc. Common Shares Masse, Ann 5 11/08/2014 00

Goldcorp Inc. Common Shares Masse, Ann 5 31/12/2014 30 21.93 94 94

Goldcorp Inc. Common Shares Orazietti, Richard 5 31/12/2014 30 26.82 7,114 820

Goldcorp Inc. Common Shares Parsons, David 5 31/12/2014 30 26.77 14,946 835

Goldcorp Inc. Common Shares Randhawa, Raman 7 31/12/2014 30 26.78 6,945 882

Goldcorp Inc. Common Shares Ronkos, Charles Joseph 5 31/12/2014 30 24.65 110,568 1,726

Goldcorp Inc. Common Shares Rustad, Colette 5 31/12/2014 30 26.79 5,135 1,235

Goldcorp Inc. Common Shares Ruus, Mark Adrian 5 31/12/2014 30 26.77 18,432 1,246

Goldcorp Inc. Common Shares Shand, William 5 31/12/2014 30 26.82 2,342 818

Goldcorp Inc. Common Shares Tudela, Anna Maria 5 31/12/2014 30 26.46 23,206 775

Goldcorp Inc. Common Shares Wilhoit, Jeffrey 5 31/12/2014 30 26.77 19,415 975

Goldcorp Inc. Common Shares Woodall, Christopher 5 31/12/2014 30 26.83 2,457 1,275

Golden Hope Mines Limited Common Shares Candido, Francesco 4, 5 05/01/2015 10 0.09 44,336 10,000

Golden Hope Mines Limited Options Candido, Francesco 4, 5 01/12/2014 37 3.9 -628,334

Golden Hope Mines Limited Options Candido, Francesco 4, 5 01/12/2014 37 1,758,030 -628,334

Golden Hope Mines Limited Options Candido, Francesco 4, 5 01/12/2014 37 3.6 -338,334

Golden Hope Mines Limited Options Candido, Francesco 4, 5 01/12/2014 37 1,419,696 -338,334

Golden Hope Mines Limited Options Candido, Francesco 4, 5 30/12/2014 52 -1,386,364

Golden Hope Mines Limited Options Candido, Francesco 4, 5 30/12/2014 52 33,333 -1,386,363

Golden Hope Mines Limited Common Shares Hoover, Larry Edward 4 05/01/2015 10 0.085 29,333 1,000

Golden Hope Mines Limited Common Shares Hoover, Larry Edward 4 05/01/2015 10 0.09 35,000 5,667

Golden Hope Mines Limited Common Shares Millington, Roy 4 06/01/2015 37 2.1 2,500 -72,500

Golden Hope Mines Limited Options Millington, Roy 4 06/01/2015 37 10,000 -290,000

GOLDEN HOPE MINES LIMITED

Common Shares Millington, Roy 4 04/12/2012 00


Common Shares Millington, Roy 4 04/12/2012 00 75,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 443



Acquired/ Disposed


Common Shares Millington, Roy 4 11/12/2012 10 0.07 75,000


Common Shares Millington, Roy 4 11/12/2012 10 2,500


Common Shares Millington, Roy 4 11/12/2012 10 2.1 2,500


Common Shares Millington, Roy 4 11/12/2012 37 2.1 -72,500


Common Shares Millington, Roy 4 11/12/2012 37 2.1 -72,500


Options Millington, Roy 4 04/12/2012 00


Options Millington, Roy 4 04/12/2012 00 300,000






Options Millington, Roy 4 04/12/2012 37 3 -290,000





Golden Reign Resources Ltd.

Common Shares Conlon, John 4 24/12/2014 10 0.07 7,628,057 137,000

Goldman Sachs U.S. Income Builder Trust

Units Class A Goldman Sachs U.S. Income Builder Trust

1 01/12/2014 38 8.68 3,000 3,000



1 01/12/2014 38 8.68 0 -3,000



1 03/12/2014 38 8.69 3,000 3,000



1 03/12/2014 38 8.69 0 -3,000



1 04/12/2014 38 8.67 3,000 3,000



1 04/12/2014 38 8.67 0 -3,000



1 05/12/2014 38 8.57 3,000 3,000



1 05/12/2014 38 8.57 0 -3,000



1 08/12/2014 38 8.3 3,000 3,000



1 08/12/2014 38 8.3 0 -3,000



1 08/12/2014 38 8.45 3,000 3,000



1 08/12/2014 38 8.45 0 -3,000



1 09/12/2014 38 8.2 3,000 3,000



1 09/12/2014 38 8.2 0 -3,000



1 10/12/2014 38 8.3 3,000 3,000



1 10/12/2014 38 8.3 0 -3,000



1 12/12/2014 38 8.2 3,000 3,000



1 12/12/2014 38 8.2 0 -3,000



1 12/12/2014 38 8.35 3,000 3,000



1 12/12/2014 38 8.35 0 -3,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 444



Acquired/ Disposed



1 15/12/2014 38 8.17 3,000 3,000



1 15/12/2014 38 8.17 0 -3,000



1 17/12/2014 38 8.25 3,000 3,000



1 17/12/2014 38 8.25 0 -3,000



1 24/12/2014 38 8.43 3,000 3,000



1 24/12/2014 38 8.43 0 -3,000



1 30/12/2014 38 8.45 500 500



1 30/12/2014 38 8.45 0 -500

Goldrea Resources Corp. Common Shares Elbert, James Andrew 4, 5 30/12/2014 10 0.005 861,000 81,000



Goodman Gold Trust (formerly CMP Gold Trust)

Trust Units Goodman Gold Trust (formerly CMP Gold Trust), Goodman Gold Trust (formerly CMP Gold Trust)

1 31/12/2014 38 3.09 96,000 96,000

Goodman Gold Trust (formerly CMP Gold Trust)

Trust Units Goodman Gold Trust (formerly CMP Gold Trust), Goodman Gold Trust (formerly CMP Gold Trust)

1 31/12/2014 38 3.09 0 -96,000

Gran Colombia Gold Corp. Notes Silver-Linked Notes Iacono, Serafino 4, 6, 5 04/12/2013 10 400 $100,000

Gran Colombia Gold Corp. Notes Silver-Linked Notes Iacono, Serafino 4, 6, 5 04/12/2013 10 400 $1,710,000 $100,000

Gran Colombia Gold Corp. Notes Silver-Linked Notes Iacono, Serafino 4, 6, 5 07/01/2015 10 179.1 $79,000

Gran Colombia Gold Corp. Notes Silver-Linked Notes Iacono, Serafino 4, 6, 5 07/01/2015 10 179.9 $1,789,000 $79,000

Gran Colombia Gold Corp. Notes Silver-Linked Notes Iacono, Serafino 4, 6, 5 07/01/2015 10 180 $21,000

Gran Colombia Gold Corp. Notes Silver-Linked Notes Iacono, Serafino 4, 6, 5 07/01/2015 10 180 $1,810,000 $21,000

Granite Real Estate Investment Trust

Trust Units (traded as a component of stapled units)

Heslip, Thomas Hugh 4, 5 31/12/2014 57 41.847 6,931 2,673

Granite Real Estate Investment Trust

Trust Units (traded as a component of stapled units)

Heslip, Thomas Hugh 4, 5 31/12/2014 10 41.847 5,595 -1,336

Granite REIT Inc. Deferred Share Units Dey, Peter James 4 31/12/2014 56 42.06 7,491 594

Granite REIT Inc. Common Shares (traded as a component of stapled units)

Heslip, Thomas Hugh 4, 5 31/12/2014 57 41.847 6,931 2,673

Granite REIT Inc. Common Shares (traded as a component of stapled units)

Heslip, Thomas Hugh 4, 5 31/12/2014 10 41.847 5,595 -1,336

Granite REIT Inc. Restricted Share Units Heslip, Thomas Hugh 4, 5 31/12/2014 57 41.847 44,136 -2,673

Gravitas Financial Inc. (formerly Searchgold Resources Inc.)

Notes Karamadam, Vishy 3, 4, 5 25/06/2013 00 $1

Gravitas Financial Inc. (formerly Searchgold Resources Inc.)

Notes Karamadam, Vishy 3, 4, 5 31/12/2014 10 998.1 $0 -$1

Great Canadian Gaming Corporation

Units Deferred Shares Baker, Neil W. 3, 4 01/01/2015 56 20.65 25,240 303


Units Deferred Shares Campbell, Larry William 4 01/10/2014 56 319


Units Deferred Shares Campbell, Larry William 4 01/10/2014 56 43,436 339


Units Deferred Shares Campbell, Larry William 4 01/01/2015 56 43,739 303


Options Fretz, William David 7 09/01/2015 51 7.62 75,000 -15,440


Options Fretz, William David 7 09/01/2015 51 7.62 90,440 15,440


Options Fretz, William David 7 09/01/2015 10 20.18 75,000 -15,440

Insider Reporting

January 15, 2015

(2015), 38 OSCB 445



Acquired/ Disposed

Great-West Lifeco Inc. Deferred Share Units Bibeau, Marc A. 6 31/12/2014 30 33.59 2,655 24

Great-West Lifeco Inc. Deferred Share Units Desmarais, André 4 31/12/2014 56 33.589 124,565 2,988

Great-West Lifeco Inc. Deferred Share Units Desmarais, Olivier 7 31/12/2014 56 33.588 1,045 379

Great-West Lifeco Inc. Deferred Share Units Desmarais, Paul III 7 31/12/2014 56 33.588 1,808 754

Great-West Lifeco Inc. Deferred Share Units Desmarais, Paul Jr. 4 31/12/2014 56 33.589 26,211 695

Great-West Lifeco Inc. Common Shares Great-West Lifeco Inc. 1 31/12/2014 38 33.071 388,472 388,472

Great-West Lifeco Inc. Common Shares Great-West Lifeco Inc. 1 31/12/2014 38 0 -388,472

Great-West Lifeco Inc. Deferred Share Units Harder, Vernon Peter 4 31/12/2014 30 33.59 4,529 41

Great-West Lifeco Inc. Deferred Share Units Jackson, John David Allan 4 31/12/2014 56 33.588 2,759 394

Great-West Lifeco Inc. Deferred Share Units Orr, Robert Jeffrey 4, 6 31/12/2014 56 33.589 121,998 4,470

Great-West Lifeco Inc. Deferred Share Units Plessis-Bélair, Michel 4 31/12/2014 56 33.589 23,601 583

Great-West Lifeco Inc. Deferred Share Units Rousseau, Henri-Paul 4, 6 31/12/2014 56 33.589 15,598 687

Great-West Lifeco Inc. Deferred Share Units Royer, Raymond 4 31/12/2014 56 33.463 47,303 2,304

Great-West Lifeco Inc. Deferred Share Units Tretiak, Gregory Dennis 4 31/12/2014 56 33.588 7,461 695

Greencastle Resources Ltd. Common Shares Greencastle Resources Ltd. 1 23/12/2014 38 0.05 1,583,000 3,000


Greencastle Resources Ltd. Common Shares Greencastle Resources Ltd. 1 25/12/2014 38 0.05 5,000


Greenock Resources Inc. (formerly Simberi Mining Corporation)

Common Shares Blady, Michael 4, 5 30/04/2014 00


Common Shares Blady, Michael 4, 5 30/04/2014 11 0.1 500,000 500,000


Common Shares Blady, Michael 4, 5 01/05/2014 00


Common Shares Blady, Michael 4, 5 05/05/2014 11 0.1 500,000


Warrants Blady, Michael 4, 5 30/04/2014 00


Warrants Blady, Michael 4, 5 30/04/2014 11 250,000 250,000


Warrants Blady, Michael 4, 5 01/05/2014 00


Warrants Blady, Michael 4, 5 05/05/2014 11 250,000

Groundstar Resources Limited

Common Shares Hammons, Dale 4 05/01/2015 10 0.08 2,025,778 35,000









GrowPros Cannabis Ventures Inc.

Common Shares Brown, Ryan 3, 4, 5 01/01/2015 00


Common Shares Brown, Ryan 3, 4, 5 01/01/2015 36 8,000,000 8,000,000


Common Shares Di Paola, Sabino Roberto 5 01/01/2015 00 50,000


Warrants Di Paola, Sabino Roberto 5 01/01/2015 00 50,000

GSI Group Inc. Common Shares Bershad, Stephen W. 3, 4 27/08/2014 90 3,037,943 -137,870

GSI Group Inc. Common Shares Bershad, Stephen W. 3, 4 24/12/2014 90 2,659,905 -378,038

GSI Group Inc. Common Shares Bershad, Stephen W. 3, 4 01/01/2015 56 2,668,397 8,492

GSI Group Inc. Common Shares Bosco, Harry L. 4 01/01/2015 56 20,007 4,246

GSI Group Inc. Common Shares Fortino, Dennis J. 4 01/01/2015 56 42,219 4,586

Insider Reporting

January 15, 2015

(2015), 38 OSCB 446



Acquired/ Disposed

GSI Group Inc. Common Shares Lamel, Ira J. 4 01/01/2015 56 45,491 4,756

GSI Group Inc. Common Shares Romeo, Dominic A 4 01/01/2015 56 20,007 4,246

GSI Group Inc. Common Shares Secor, Thomas N 4 01/01/2015 56 20,007 4,246

Guardian Capital Group Limited

Non-Voting Shares Class A


1 06/01/2015 38 0 -50,000


Non-Voting Shares Class A

McDermott, Edward Thomas

4 06/01/2015 10 17.5 8,000 300

GuestLogix Inc. Common Shares Nguyen, Peter 7 22/12/2014 00 5,197

GuestLogix Inc. Options Nguyen, Peter 7 22/12/2014 00 382,825

GuestLogix Inc. Units Restricted Stock Units

Nguyen, Peter 7 22/12/2014 00 60,884

Gulf & Pacific Equities Corp. Common Shares Cohen, Anthony 3, 4, 5 31/12/2014 36 0.3 2,067,500 1,402,500

Gulf & Pacific Equities Corp. Common Shares Cohen, Anthony 3, 4, 5 31/12/2014 36 0.3 5,033,807 2,940,833

Gulf & Pacific Equities Corp. Common Shares Cohen, Anthony 3, 4, 5 14/06/2003 00

Gulf & Pacific Equities Corp. Common Shares Cohen, Anthony 3, 4, 5 31/12/2014 36 0.3 10,416 10,416

Gulf & Pacific Equities Corp. Convertible Debentures Cohen, Anthony 3, 4, 5 31/12/2014 36 0.3 $1,165,000 -$420,750

Gulf & Pacific Equities Corp. Convertible Debentures Cohen, Anthony 3, 4, 5 31/12/2014 36 0.3 -$51,500 -$882,750

Gulf & Pacific Equities Corp. Convertible Debentures Cohen, Anthony 3, 4, 5 31/12/2014 36 0.3 $0 -$3,125

H&R Finance Trust Units H&R Finance Trust 1 01/10/2008 00

H&R Finance Trust Units H&R Finance Trust 1 18/12/2014 38 21.337 5,000 5,000

H&R Finance Trust Units H&R Finance Trust 1 18/12/2014 38 21.337 0 -5,000















H&R Finance Trust Units Hofstedter, Thomas J. 4 31/12/2012 30 23.36 922,091 28,276

H&R Finance Trust Units Hofstedter, Thomas J. 4 30/12/2014 10 21.964 3,400


H&R Finance Trust Units Hofstedter, Thomas J. 4 31/12/2014 10 21.879 7,000


H&R Real Estate Investment Trust

Units H&R Real Estate Investment Trust

1 09/12/1996 00



1 18/12/2014 38 21.337 5,000 5,000



1 18/12/2014 38 21.337 0 -5,000



1 19/12/2014 38 21.487 12,400 12,400



1 19/12/2014 38 21.487 0 -12,400



1 22/12/2014 38 21.537 19,900 19,900



1 22/12/2014 38 21.537 0 -19,900



1 23/12/2014 38 21.619 20,000 20,000



1 23/12/2014 38 21.619 0 -20,000



1 24/12/2014 38 21.737 10,000 10,000



1 24/12/2014 38 21.737 0 -10,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 447



Acquired/ Disposed



1 29/12/2014 38 21.882 40,000 40,000



1 29/12/2014 38 21.882 0 -40,000



1 30/12/2014 38 22.052 40,000 40,000



1 30/12/2014 38 22.052 0 -40,000



1 31/12/2014 38 21.914 99,400 99,400



1 31/12/2014 38 21.914 0 -99,400


Units Hofstedter, Thomas J. 4, 5 30/12/2014 10 21.964 3,400


Units Hofstedter, Thomas J. 4, 5 30/12/2014 10 21.992 961,550 3,400


Units Hofstedter, Thomas J. 4, 5 31/12/2014 10 21.879 7,000


Units Hofstedter, Thomas J. 4, 5 31/12/2014 10 21.857 968,550 7,000

Hardwoods Distribution Inc. Common Shares Besen, Daniel A. 7, 5 31/12/2014 57 54,842 4,866

Hardwoods Distribution Inc. Restricted Shares Besen, Daniel A. 7, 5 31/12/2014 57 5,828 -4,639

Hardwoods Distribution Inc. Common Shares Blanco, Lance Richard 4, 5 31/12/2014 57 103,251 24,451

Hardwoods Distribution Inc. Performance Shares Blanco, Lance Richard 4, 5 31/12/2014 57 9,991 -7,771

Hardwoods Distribution Inc. Restricted Shares Blanco, Lance Richard 4, 5 31/12/2014 57 9,991 -7,771

Hardwoods Distribution Inc. Common Shares Brown, Robert James 7, 5 31/12/2014 57 4,639

Hardwoods Distribution Inc. Common Shares Brown, Robert James 7, 5 31/12/2014 57 4,639

Hardwoods Distribution Inc. Common Shares Brown, Robert James 7, 5 31/12/2014 57 57,387 14,597

Hardwoods Distribution Inc. Performance Shares Brown, Robert James 7, 5 31/12/2014 57 5,971 -4,639

Hardwoods Distribution Inc. Restricted Shares Brown, Robert James 7, 5 31/12/2014 57 5,971 -4,639

Hardwoods Distribution Inc. Common Shares Warner, Garry W. 5 23/12/2014 10 11.52 70,421 -400

Hardwoods Distribution Inc. Common Shares Warner, Garry W. 5 24/12/2014 10 11.52 69,021 -1,400




Hardwoods Distribution Inc. Common Shares Warner, Garry W. 5 31/12/2014 57 70,838 14,597

Hardwoods Distribution Inc. Performance Shares Warner, Garry W. 5 31/12/2014 57 5,828 -4,639

Hardwoods Distribution Inc. Restricted Shares Warner, Garry W. 5 31/12/2014 57 5,828 -4,639

Hawk Exploration Ltd. Common Shares Class A Bonnar, David Norman 5 05/01/2015 10 0.185 1,185,901 4,000

Hawk Exploration Ltd. Common Shares Class A Bonnar, David Norman 5 06/01/2015 10 0.185 1,256,901 71,000

Hawk Exploration Ltd. Common Shares Class A WRIGHT, JOHN DAVID 4 07/01/2015 10 0.19 353,000 10,000

HI HO SILVER RESOURCES INC.

Common Shares MARGETSON, KEITH 5 05/08/2011 00


Common Shares MARGETSON, KEITH 5 02/10/2014 11 0.05 901,000 901,000


Options MARGETSON, KEITH 5 09/01/2012 50 0.08 800,000 400,000


Options MARGETSON, KEITH 5 17/10/2013 50 0.06 1,000,000 200,000


Warrants MARGETSON, KEITH 5 05/08/2011 00


Warrants MARGETSON, KEITH 5 02/10/2014 11 0.1 901,000 901,000

High Liner Foods Incorporated

Rights Performance Share Units

Brown, Joanne 5 31/12/2014 57 21.57 7,372 -1,854



Brown, Joanne 5 31/12/2014 58 - Expiration

of rights

21.57 5,255 -2,117



Decker, Keith 5 31/12/2014 57 21.57 22,400 -5,997

Insider Reporting

January 15, 2015

(2015), 38 OSCB 448



Acquired/ Disposed



Decker, Keith 5 31/12/2014 58 - Expiration

of rights

21.57 15,555 -6,845



Demone, Henry 4, 5 31/12/2014 57 21.57 64,762 -19,719



Demone, Henry 4, 5 31/12/2014 58 - Expiration

of rights

21.57 42,252 -22,510


Rights Restricted Share Units

Demone, Henry 4, 5 31/12/2014 57 21.57 0 -22,222



Dexter, Robert P. 4 31/12/2014 56 22.66 8,000 -849



Marino, Mario 5 31/12/2014 57 21.57 4,608 -3,566



Marino, Mario 5 31/12/2014 58 - Expiration

of rights

21.57 537 -4,071



Miller, Ralph Andy 4 31/12/2014 56 22.66 3,174 -761


Common Shares Snow, Paul 5 19/12/2014 51 22.37 591


Common Shares Snow, Paul 5 19/12/2014 51 5.84 20,134 800


Options Snow, Paul 5 19/12/2014 51 5.84 -800


Options Snow, Paul 5 19/12/2014 51 5.84 36,484 -800



Snow, Paul 5 31/12/2014 57 21.57 9,690 -2,762



Snow, Paul 5 31/12/2014 58 - Expiration

of rights

21.57 6,537 -3,153

HNZ Group Inc. (formerly Canadian Helicopters Group Inc.)

Common Shares Bergnach, Edward Peter 5 09/01/2015 10 20.399 18,361 4,905


Common Shares Bergnach, Edward Peter 5 09/01/2015 30 20.399 18,994 633


Common Shares Bergnach, Edward Peter 5 09/01/2015 90 20.399 0 -4,905


Common Shares Blakely, Robert George 5 09/01/2015 10 20.399 5,643 5,507


Common Shares Blakely, Robert George 5 09/01/2015 30 20.399 6,290 647


Common Shares Blakely, Robert George 5 09/01/2015 90 20.399 0 -5,507


Common Shares Lafleur, Robert Jean 5 09/01/2015 10 20.399 13,405 5,507


Common Shares Lafleur, Robert Jean 5 09/01/2015 10 20.83 12,405 -1,000





Insider Reporting

January 15, 2015

(2015), 38 OSCB 449



Acquired/ Disposed




Common Shares Lafleur, Robert Jean 5 09/01/2015 30 20.399 8,985 580


Common Shares Lafleur, Robert Jean 5 09/01/2015 90 20.399 0 -5,507


Common Shares MacKay, Robert Ian 5 09/01/2015 10 20.399 34,736 5,508


Common Shares MacKay, Robert Ian 5 09/01/2015 30 20.399 35,602 866


Common Shares MacKay, Robert Ian 5 09/01/2015 90 20.399 0 -5,508


Common Shares Morton, Simon William 5 09/01/2015 10 20.399 13,545 5,061


Common Shares Morton, Simon William 5 09/01/2015 30 20.399 13,896 351


Common Shares Morton, Simon William 5 09/01/2015 90 20.399 0 -5,061


Common Shares Mullett, Keith Woodrow 5 09/01/2015 10 20.399 10,439 2,859


Common Shares Mullett, Keith Woodrow 5 09/01/2015 30 20.399 11,080 641


Common Shares Mullett, Keith Woodrow 5 09/01/2015 90 20.399 0 -2,859


Common Shares Olson, Mark Lewis 5 09/01/2015 10 20.399 51,044 5,009


Common Shares Olson, Mark Lewis 5 09/01/2015 30 20.399 51,892 848


Common Shares Olson, Mark Lewis 5 09/01/2015 90 20.399 0 -5,009


Common Shares Seguin, Sylvain 5 09/01/2015 10 20.399 6,473 218


Common Shares Seguin, Sylvain 5 09/01/2015 30 20.399 7,169 696


Common Shares Seguin, Sylvain 5 09/01/2015 90 20.399 0 -218


Common Shares Wall, Don Ed 4, 7, 5 09/01/2015 10 20.399 465,593 20,877


Common Shares Wall, Don Ed 4, 7, 5 09/01/2015 30 20.399 466,881 1,288


Common Shares Wall, Don Ed 4, 7, 5 09/01/2015 90 20.399 0 -20,877

Holloway Lodging Corporation

Options Grimaldi, Richard 4 18/11/2014 50 6.43 81,500 30,000


Convertible Debentures HLC.DB 6.25% due Feb 28, 2020


1 31/12/2012 00




1 08/12/2014 10 $7,000 $7,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 450



Acquired/ Disposed




1 12/12/2014 10 $10,000 $3,000




1 15/12/2014 10 $24,000 $14,000




1 16/12/2014 10 $31,000 $7,000




1 22/12/2014 38 $0 -$31,000


Convertible Debentures HLC.DB.A 7.50% due Sep 30, 2018


1 31/12/2012 00




1 15/12/2014 10 $60,000 $60,000




1 22/12/2014 38 $0 -$60,000

Horizon North Logistics Inc. Common Shares Nabholz, Kevin Drew 4 05/01/2015 10 2.47 850,000 70,000

HOUSTON LAKE MINING INC.

Common Shares Drever, Garth Lloyd 5 02/01/2015 11 0.135 207,408 40,741


Common Shares Drever, Garth Lloyd 5 02/01/2015 11 0.135 536,241 40,741


Warrants Drever, Garth Lloyd 5 02/01/2015 11 0.23 187,037 20,370


Warrants Drever, Garth Lloyd 5 02/01/2015 11 0.23 278,704 20,370


Common Shares Walker, Reginald Frank 3, 4 02/01/2015 11 0.135 3,374,862 40,741


Common Shares Walker, Reginald Frank 3, 4 02/01/2015 11 0.135 465,741 40,741


Warrants Walker, Reginald Frank 3, 4 02/01/2015 11 0.23 445,370 20,370


Warrants Walker, Reginald Frank 3, 4 02/01/2015 11 0.23 445,370 20,370


Common Shares Walker, Trevor 5 02/01/2015 11 0.135 102,981 81,481


Common Shares Walker, Trevor 5 02/01/2015 11 0.135 399,074 40,741


Warrants Walker, Trevor 5 06/01/2010 00


Warrants Walker, Trevor 5 02/01/2015 11 0.23 40,741 40,741


Warrants Walker, Trevor 5 02/01/2015 11 0.23 378,703 20,370

HudBay Minerals Inc. Common Shares Garofalo, David 7, 5 19/12/2014 30 8.8 128,268 579

Hudson's Bay Company Options Storch, Gerald Leonard 5 06/01/2015 00 890,868

HUMBOLDT CAPITAL CORPORATION

Common Shares Humboldt Capital Corporation

1 06/01/2015 10 1.05 15,800 15,800



1 06/01/2015 38 1.05 0 -15,800



1 06/01/2015 10 1.05 15,800 15,800



1 06/01/2015 38 1.05 0 -15,800

HUSKY ENERGY INC. Common Shares Ghosh, Asim 4, 5 02/01/2015 35 27.644 64,433 697

HUSKY ENERGY INC. Common Shares Manning, Terry James 7 07/07/2014 35 30.17 19

HUSKY ENERGY INC. Common Shares Manning, Terry James 7 07/10/2014 35 30.17 2,053 19

HUSKY ENERGY INC. Common Shares Warnock, Roy Clifford 2 02/01/2015 35 27.644 21,988 236

HUSKY ENERGY INC. Common Shares Warnock, Roy Clifford 2 22/12/2014 35 25.574 82,437 3,800

HUSKY ENERGY INC. Common Shares Warnock, Roy Clifford 2 02/01/2015 35 27.644 83,290 853

Hybrid Paytech World Inc.(Formerly Freeport Capital Inc)

Common Shares 9136-2574 Québec Inc. 3 31/12/2014 11 4,991,518 -2,250,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 451



Acquired/ Disposed

Hybrid Paytech World Inc.(Formerly Freeport Capital Inc)

Common Shares Clermont, Antoine 4 31/12/2014 11 4,991,518 -2,250,000

Hydrogenics Corporation Deferred Share Units Alexander, Douglas Stewart 4 31/12/2014 56 46,230 687

Hydrogenics Corporation Deferred Share Units Cardiff, Michael 4 31/12/2014 56 22,725 430

Hydrogenics Corporation Restricted Share Units Cargnelli, Joseph 3, 4, 5 31/12/2014 59 15.42 0 -14,727

Hydrogenics Corporation Deferred Share Units Ferguson, David Cadwell 4 01/10/2014 00

Hydrogenics Corporation Deferred Share Units Ferguson, David Cadwell 4 31/12/2014 56 258 258

Hydrogenics Corporation Deferred Share Units Gnacke, Henry J. 4 31/12/2014 56 15,261 258

Hydrogenics Corporation Deferred Share Units LOWRY, Donald James 4 31/12/2014 56 2,542 451

Hydrogenics Corporation Restricted Share Units Westbroek, Wido Pieter 5 31/12/2014 59 15.42 0 -3,782

Hydrogenics Corporation Restricted Share Units Wilson, Daryl 4, 5 31/12/2014 59 15.42 0 -28,376

Hyduke Energy Services Inc. Options Lynch, Kelvin 5 06/07/2013 00

Hyduke Energy Services Inc. Options Lynch, Kelvin 5 31/12/2013 50 0.78 187,500 187,500

Hyduke Energy Services Inc. Options Yager, David Lenard 4 17/06/2013 00

Hyduke Energy Services Inc. Options Yager, David Lenard 4 31/12/2014 50 50,000 50,000

IAMGOLD Corporation Restricted Share Awards Caldwell, John Edward 4 01/01/2015 56 2.77 25,271 25,271

IAMGOLD Corporation Common Shares Dengler, W. Robert 4 31/12/2014 57 3.14 27,632 8,723

IAMGOLD Corporation Restricted Share Awards Dengler, W. Robert 4 31/12/2014 57 3.14 8,561 -8,723

IAMGOLD Corporation Restricted Share Awards Dengler, W. Robert 4 31/12/2014 38 3.14 0 -8,561

IAMGOLD Corporation Restricted Share Awards Dengler, W. Robert 4 01/01/2015 56 2.77 25,271 25,271

IAMGOLD Corporation Common Shares Miville-Deschênes, Denis 5 31/12/2014 57 3.14 55,612 30,000

IAMGOLD Corporation Common Shares Miville-Deschênes, Denis 5 31/12/2014 57 3.14 67,612 12,000

IAMGOLD Corporation Common Shares Miville-Deschênes, Denis 5 02/01/2015 11 3.06 52,005 -15,607

IAMGOLD Corporation Common Shares Miville-Deschênes, Denis 5 02/01/2015 11 3.06 45,762 -6,243

IAMGOLD Corporation Performance Share Units Miville-Deschênes, Denis 5 31/12/2014 57 3.14 15,850 -12,000

IAMGOLD Corporation Restricted Share Awards Miville-Deschênes, Denis 5 31/12/2014 57 3.14 0 -30,000

IGM Financial Inc. Deferred Share Units Bibeau, Marc A. 4 31/10/2014 30 45.08 15,881 180

IGM Financial Inc. Deferred Share Units Bibeau, Marc A. 4 31/12/2014 56 46.37 16,598 717

IGM Financial Inc. Deferred Share Units Carney, Jeffrey 4 31/10/2014 30 45.08 2,808 28

IGM Financial Inc. Deferred Share Units Carney, Jeffrey 4 31/12/2014 56 46.37 3,438 630

IGM Financial Inc. Deferred Share Units Desmarais, André 4, 6 31/10/2014 30 45.08 43,481 507

IGM Financial Inc. Deferred Share Units Desmarais, André 4, 6 31/12/2014 56 46.37 44,187 706

IGM Financial Inc. Deferred Share Units Desmarais, Olivier 7 31/10/2014 30 45.08 671 3

IGM Financial Inc. Deferred Share Units Desmarais, Olivier 7 31/12/2014 56 46.37 1,302 631

IGM Financial Inc. Deferred Share Units Desmarais, Paul III 7 31/10/2014 30 45.08 2

IGM Financial Inc. Deferred Share Units Desmarais, Paul III 7 31/10/2014 30 45.08 637 2

IGM Financial Inc. Deferred Share Units Desmarais, Paul III 7 31/12/2014 56 46.37 1,268 631

IGM Financial Inc. Deferred Share Units Desmarais, Paul Jr. 4 31/10/2014 30 45.08 21,417 250

IGM Financial Inc. Deferred Share Units Desmarais, Paul Jr. 4 31/12/2014 56 46.37 21,733 316

IGM Financial Inc. Deferred Share Units Harder, Vernon Peter 4 31/10/2014 30 45.08 14,982 171

IGM Financial Inc. Deferred Share Units Harder, Vernon Peter 4 31/12/2014 56 46.37 15,726 744

IGM Financial Inc. Common Shares IGM Financial Inc. 1 01/12/2014 38 47.008 15,000 15,000

IGM Financial Inc. Common Shares IGM Financial Inc. 1 01/12/2014 38 0 -15,000
















Insider Reporting

January 15, 2015

(2015), 38 OSCB 452



Acquired/ Disposed














IGM Financial Inc. Deferred Share Units Johnson, Daniel 2 31/10/2014 30 45.08 10,370 120

IGM Financial Inc. Deferred Share Units Johnson, Daniel 2 31/12/2014 56 46.37 10,572 202

IGM Financial Inc. Deferred Share Units McCallum, John S. 4 31/10/2014 30 45.08 29,058 336

IGM Financial Inc. Deferred Share Units McCallum, John S. 4 31/12/2014 56 46.37 29,648 590

IGM Financial Inc. Deferred Share Units Orr, Robert Jeffrey 4, 6 31/10/2014 30 45.08 54,907 635

IGM Financial Inc. Deferred Share Units Orr, Robert Jeffrey 4, 6 31/12/2014 56 46.37 56,233 1,326

IGM Financial Inc. Deferred Share Units Parisien, Jacques 4 31/12/2014 36 46.37 1,547 717

IGM Financial Inc. Deferred Share Units Piper, Roy 4 31/10/2014 30 45.08 18,135 212

IGM Financial Inc. Deferred Share Units Piper, Roy 4 31/12/2014 56 46.37 18,337 202

IGM Financial Inc. Deferred Share Units Plessis-Bélair, Michel 4 31/10/2014 30 45.08 10,094 117

IGM Financial Inc. Deferred Share Units Plessis-Bélair, Michel 4 31/12/2014 56 46.37 10,296 202

IGM Financial Inc. Deferred Share Units Rousseau, Henri-Paul 4, 6 31/10/2014 30 45.08 5,701 65

IGM Financial Inc. Deferred Share Units Rousseau, Henri-Paul 4, 6 31/12/2014 56 46.37 5,903 202

IGM Financial Inc. Deferred Share Units Sherk, Susan Bradley 4 31/10/2014 30 45.08 10,636 123

IGM Financial Inc. Deferred Share Units Sherk, Susan Bradley 4 31/12/2014 56 46.37 10,838 202

IGM Financial Inc. Deferred Share Units Taylor, Murray John 4, 5 31/10/2014 30 45.08 23,053 270

IGM Financial Inc. Deferred Share Units Taylor, Murray John 4, 5 31/12/2014 56 46.37 23,255 202

IGM Financial Inc. Deferred Share Units Tretiak, Gregory Dennis 4, 6 31/10/2014 30 45.08 2,049 22

IGM Financial Inc. Deferred Share Units Tretiak, Gregory Dennis 4, 6 31/12/2014 56 46.37 2,251 202

Ikkuma Resources Corp. Common Shares Mannas, Kavanagh Tex 5 06/01/2015 10 0.98 13,200 5,900

iLOOKABOUT Corp. Deferred Share Units bezanson, allan james 4 13/06/2013 00

iLOOKABOUT Corp. Deferred Share Units bezanson, allan james 4 02/01/2015 56 107,327 107,327

iLOOKABOUT Corp. Deferred Share Units Drake, John C. 3, 4, 5 07/04/2008 00

iLOOKABOUT Corp. Deferred Share Units Drake, John C. 3, 4, 5 02/01/2015 56 107,327

iLOOKABOUT Corp. Deferred Share Units Drake, John C. 3, 4, 5 02/01/2015 56 107,327

iLOOKABOUT Corp. Deferred Share Units Drake, John C. 3, 4, 5 02/01/2015 56 85,344 85,344

iLOOKABOUT Corp. Deferred Share Units Hyde, Peter 4 13/06/2013 00

iLOOKABOUT Corp. Deferred Share Units Hyde, Peter 4 02/01/2015 56 94,827 94,827

iLOOKABOUT Corp. Deferred Share Units Quinn, Gerry C. 4 13/06/2013 00

iLOOKABOUT Corp. Deferred Share Units Quinn, Gerry C. 4 02/01/2015 56 112,068 112,068

iLOOKABOUT Corp. Deferred Share Units Yeoman, Gary 4 13/06/2013 00

iLOOKABOUT Corp. Deferred Share Units Yeoman, Gary 4 02/01/2015 56 82,758 82,758

iLOOKABOUT Corp. Options Yeoman, Gary 4 31/12/2014 50 1,003,225 234,100

IMAX Corporation Options 1:1 Gelfond, Richard L. 4, 5 05/01/2015 50 29.58 1,894,320 467,625

Imperial Oil Limited Rights Deferred Share Units

Hoeg, Krystyna 4 31/12/2014 56 20,935 739


MINTZ, JACK MAURICE 4 31/12/2014 56 16,984 557


Sutherland, David Stewart 4 31/12/2014 56 14,516 722


Whittaker, Sheelagh 4 31/12/2014 56 43,610 111


Young, Victor Leyland 4 31/12/2014 56 11,152 200

Inca One Gold Corp. Common Shares Kelly, Edward John 4 31/12/2014 10 0.195 1,669,344 -100,000

Inca One Gold Corp. Common Shares Kelly, Edward John 4 08/01/2015 10 0.21 1,523,344 -146,000

Inca One Gold Corp. Common Shares Kelly, Edward John 4 08/01/2015 51 0.125 1,555,344 32,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 453



Acquired/ Disposed



Inca One Gold Corp. Common Shares Kelly, Edward John 4 08/01/2015 10 0.21 389 -332,000

Inca One Gold Corp. Options Kelly, Edward John 4 08/01/2015 51 0.125 714,000 -32,000



Inca One Gold Corp. Common Shares Moen, George Marius 4, 5 05/01/2015 10 0.2 2,868,960 5,000













Indexplus Income Fund Trust Units INDEXPLUS Income Fund 1 05/01/2015 38 12.55 35,674,865 600

Indexplus Income Fund Trust Units INDEXPLUS Income Fund 1 06/01/2015 38 12.374 35,677,765 2,900

Industrial Alliance Insurance and Financial Services inc.

unités d'actions différées (uda)-differed shared units (dsa)

Bourgon, Jocelyne 4 31/12/2014 56 44.32 1,237 557



Chicoyne, Denyse 4 31/12/2014 56 44.32 1,251 563



Coallier, Robert 4 31/12/2014 56 44.32 231 170



Gadbois, L.G. Serge 4 31/12/2014 56 44.32 6,874 212



LeBoutillier, John 4 31/12/2014 56 44.32 26,969 647



Morin, Danielle G. 4 31/12/2014 56 44.32 943 370

Inexco Mining Corp. Common Shares Birmingham, Robert Laird 4 09/01/2015 47 950,000 -50,000

InnVest Real Estate Investment Trust

Rights Deferred Units Boomer, Edward 4 06/01/2015 30 9,885 122


Rights Deferred Units Boomer, Edward 4 06/01/2015 56 13,738 3,853


Rights Deferred Units Irwin, Heather-Ann 4 06/01/2015 30 12,082 149


Rights Deferred Units Irwin, Heather-Ann 4 06/01/2015 56 16,791 4,709


Trust Units KingSett Real Estate Growth LP No. 5

3 31/12/2014 10 5.84 17,006,767 130,900



3 05/01/2015 10 5.85 17,018,767 12,000



3 06/01/2015 10 5.89 17,119,667 100,900



3 07/01/2015 10 5.87 17,256,767 137,100



3 08/01/2015 10 5.89 17,267,567 10,800


Restricted Units Kosziwka, George 5 06/01/2015 30 30,366 1,995


Restricted Units Kosziwka, George 5 06/01/2015 57 5.98 24,478 -5,888


Trust Units Kosziwka, George 5 06/01/2015 57 5.98 18,086 5,888

Insider Reporting

January 15, 2015

(2015), 38 OSCB 454



Acquired/ Disposed


Rights Deferred Units Lewis, Daniel Seth 4, 6 06/01/2015 30 15,120 187


Rights Deferred Units Lewis, Daniel Seth 4, 6 06/01/2015 56 19,829 4,709


Rights Deferred Units Love, Jon E. 4 06/01/2015 30 11,404 141


Rights Deferred Units Love, Jon E. 4 06/01/2015 56 15,257 3,853


Trust Units Love, Jon E. 4 31/12/2014 10 5.84 17,006,767 130,900










Rights Deferred Units Mangalji, Fereed Sadrudin 4 06/01/2015 30 9,885 122


Rights Deferred Units Mangalji, Fereed Sadrudin 4 06/01/2015 56 13,738 3,853


Rights Deferred Units Mangalji, Majid 5 06/01/2015 30 12,082 149


Rights Deferred Units Mangalji, Majid 5 06/01/2015 56 16,791 4,709


Rights Deferred Units McFarlane, Robert Gordon 4 02/01/2015 30 14,151 175


Rights Deferred Units McFarlane, Robert Gordon 4 02/01/2015 56 5.84 19,075 4,924


Rights Restricted Units (Trust Units)

Nappert, Chantal 5 06/01/2015 30 8,036 392


Rights Restricted Units (Trust Units)

Pollock, Brad 7 06/01/2015 30 12,760 700


Rights Deferred Units Wolf, Robert Thomas 4 06/01/2015 30 11,404 141


Rights Deferred Units Wolf, Robert Thomas 4 06/01/2015 56 15,518 4,114

Inovalis Real Estate Investment Trust

Exchangeable Securities Inovalis S.A. 3 31/12/2014 46 8.96 2,043,347 60,149

Intact Financial Corporation Stock Incentives Beaulieu, Martin 5 08/01/2015 59 82.83 2,204 -1,158

Intact Financial Corporation Common Shares BLAIR, ALAN JOHN 5 08/01/2015 57 82.83 11,841 304

Intact Financial Corporation Stock Incentives BLAIR, ALAN JOHN 5 08/01/2015 57 82.83 1,085 -607

Intact Financial Corporation Common Shares Blais, Jean-François 5 08/01/2015 57 82.83 9,595 2,188

Intact Financial Corporation Stock Incentives Blais, Jean-François 5 08/01/2015 57 82.83 7,910 -4,374

Intact Financial Corporation Stock Incentives Brindamour, Charles 5 08/01/2015 59 82.83 26,716 -12,060

Intact Financial Corporation Common Shares Desautels, Jean-François 5 08/01/2015 57 82.83 3,168 165

Intact Financial Corporation Stock Incentives Desilets, Claude 5 08/01/2015 59 82.83 3,439 -1,943

Intact Financial Corporation Common Shares Dionne, Michel 5 08/01/2015 57 82.83 4,230 184

Intact Financial Corporation Stock Incentives Dionne, Michel 5 08/01/2015 57 82.83 668 -368

Intact Financial Corporation Common Shares Federau, Monika 5 08/01/2015 57 82.83 3,562 295

Intact Financial Corporation Stock Incentives Federau, Monika 5 08/01/2015 57 82.83 1,380 -585

Intact Financial Corporation Common Shares Fortin, Anne 5 08/01/2015 57 82.83 1,094 277

Intact Financial Corporation Stock Incentives Fortin, Anne 5 08/01/2015 57 82.83 1,030 -554

Intact Financial Corporation Stock Incentives Hindle, Byron Alexander 5 08/01/2015 59 82.83 1,546 -870

Intact Financial Corporation Common Shares Lessard, Alain 5 08/01/2015 57 82.83 3,040 598

Intact Financial Corporation Stock Incentives Lessard, Alain 5 08/01/2015 57 82.83 2,093 -1,196

Intact Financial Corporation Common Shares Marcotte, Louis 5 08/01/2015 57 82.83 6,281 481

Intact Financial Corporation Stock Incentives Marcotte, Louis 5 08/01/2015 57 82.83 1,827 -961

Intact Financial Corporation Common Shares Martel, Lucie 5 08/01/2015 57 82.83 1,602 518

Intact Financial Corporation Stock Incentives Martel, Lucie 5 08/01/2015 57 82.83 -518

Intact Financial Corporation Stock Incentives Martel, Lucie 5 08/01/2015 57 82.83 1,898 -1,036

Intact Financial Corporation Stock Incentives Morissette, Benoit 5 08/01/2015 59 82.83 1,167 -501

Insider Reporting

January 15, 2015

(2015), 38 OSCB 455



Acquired/ Disposed

Intact Financial Corporation Common Shares Muehlemann, Werner 5 08/01/2015 57 82.83 4,727 377

Intact Financial Corporation Stock Incentives Muehlemann, Werner 5 08/01/2015 57 82.83 753

Intact Financial Corporation Stock Incentives Muehlemann, Werner 5 08/01/2015 57 82.83 1,326 -753

Intact Financial Corporation Stock Incentives Ott, Jack 5 08/01/2015 59 82.83 1,988 -1,027

Intact Financial Corporation Common Shares Sham, Lilia M. 5 08/01/2015 57 82.83 12,656 349

Intact Financial Corporation Stock Incentives Sham, Lilia M. 5 08/01/2015 57 82.83 1,284 -691

Intact Financial Corporation Common Shares Tremblay, David 5 08/01/2015 57 82.83 5,576 324

Intact Financial Corporation Stock Incentives Tremblay, David 5 08/01/2015 57 82.83 1,237 -648

Intact Financial Corporation Stock Incentives Tullis, Mark Alan 5 08/01/2015 59 82.83 6,910 -3,501

Intact Financial Corporation Stock Incentives Weightman, Peter 5 08/01/2015 59 82.83 2,836 -1,583

INTEGRATED ASSET MANAGEMENT CORP.

Common Shares Integrated Asset Management Corp

1 19/12/2014 38 0.81 1,028,500 1,028,500

INTEGRATED ASSET MANAGEMENT CORP.

Common Shares Integrated Asset Management Corp

1 24/12/2014 38 0.81 0 -1,028,500

Inter Pipeline Ltd. Common Shares Brown, Lorne Easton 4 08/01/2015 10 32.75 4,200 200

Inter Pipeline Ltd. Common Shares Brown, Lorne Easton 4 08/01/2015 10 32.74 5,000 800

Inter Pipeline Ltd. Common Shares Love, Alison Taylor 4 07/01/2015 10 32.89 7,336 200

Inter Pipeline Ltd. Common Shares Love, Alison Taylor 4 07/01/2015 10 32.875 7,636 300

Inter Pipeline Ltd. Common Shares Shaw, Richard A. 4 31/12/2014 57 34.834 3,999

Inter Pipeline Ltd. Common Shares Shaw, Richard A. 4 31/12/2014 57 34.834 3,999

Inter Pipeline Ltd. Rights Deferred Share Rights

Shaw, Richard A. 4 31/12/2014 57 9,105 -3,999

Interfor Corporation Rights SARs FILLINGER, IAN 5 31/12/2014 59 23,000 -51,500

Interfor Corporation Rights DSUs Lynch, Peter Matthew 4 31/12/2014 56 61,689 1,453

Interfor Corporation Rights DSUs MacDougall, Gordon H 4 31/12/2014 56 61,689 1,453

Interfor Corporation Rights DSUs McMillan, James Eddie 4 31/12/2014 56 20,727 1,453

InterOil Corporation Common Shares Chandler Holdings Limited 3 05/01/2015 10 44.85 9,067,160 -600,000

InterOil Corporation Common Shares Chandler Holdings Limited 3 07/01/2015 10 42 8,692,160 -375,000

InterRent Real Estate Investment Trust

Deferred Units Amirault, Paul 4 31/12/2014 56 97,347 3,253


Deferred Units Bouzanis, Paul 4 31/12/2014 56 167,167 5,422


Deferred Units Bouzanis, Paul 4 08/01/2015 57 148,729 -18,438


Options Bouzanis, Paul 4 05/01/2015 57 5.65 25,000 -25,000


Trust Units Bouzanis, Paul 4 05/01/2015 57 5.65 226,725 25,000


Trust Units Bouzanis, Paul 4 08/01/2015 57 6.16 245,163 18,438


Deferred Units Leslie, Ronald A. 4 31/12/2014 56 71,969 3,219


Deferred Units Levinson, Jacie Sydney 4 31/12/2014 56 134,460 5,852


Trust Units McGahan, Michael Darryl 4, 5 30/09/2009 00


Trust Units McGahan, Michael Darryl 4, 5 30/12/2014 48 - Acquisition by inheritance or disposition by bequest

32,118 32,118


Deferred Units Stone, Victor Reginald 4 31/12/2014 56 94,914 3,047


Deferred Units Stone, Victor Reginald 4 09/01/2015 57 87,003 -7,911


Deferred Units Stone, Victor Reginald 4 09/01/2015 59 6.15 79,093 -7,910


Options Stone, Victor Reginald 4 16/12/2014 50 95,000 25,000


Trust Units Stone, Victor Reginald 4 09/01/2015 57 6.15 75,236 7,911

Intertape Polymer Group Inc. Common Shares Blockowitz, Dean 5 31/12/2014 30 25,629 136

Intertape Polymer Group Inc. Common Shares Carpenter, Jim Bob 5 31/12/2014 30 50,694 13

Intertape Polymer Group Inc. Common Shares Crystal, Jeffrey 5 31/12/2014 30 2,372 137

Insider Reporting

January 15, 2015

(2015), 38 OSCB 456



Acquired/ Disposed

Intertape Polymer Group Inc. Common Shares Martin, Charmaine 5 31/12/2014 30 2,903 1,422

Intertape Polymer Group Inc. Common Shares Nalette, Douglas 5 31/12/2014 30 104,157 3,569

Intertape Polymer Group Inc. Common Shares Nalette, Douglas 5 31/12/2014 30 104,234 77

Intertape Polymer Group Inc. Common Shares Nelson, Shawn 5 31/12/2014 30 128,689 1,045

Intertape Polymer Group Inc. Common Shares Tocci, Joseph 5 31/12/2014 30 57,533 69

Intertape Polymer Group Inc. Common Shares Yull, Gregory 4, 5 31/12/2014 30 383,209 7,683

Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 01/12/1991 00

Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 31/12/2014 90 7.0754 15,000 15,000

Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 31/12/2014 90 6.1359 40,000 25,000

Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 31/12/2014 90 6.1359 1,619,475 -25,000

Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 31/12/2014 90 7.0754 445,345 -15,000

Intertape Polymer Group Inc. Common Shares Zoller, Lee 5 31/12/2014 30 12,787 764

Inventronics Limited Common Shares MONETTE, SERGE 3 07/01/2015 10 0.19 424,000 1,000

Ithaca Energy Inc. Options Options CAD$1.06 12.05.14

Buchan, Roy 5 05/01/2015 00

Ithaca Energy Inc. Options Options CAD$1.06 12.05.14

Buchan, Roy 5 05/01/2015 50 1.06 750,000 750,000

Ivanhoe Energy Inc. Options Friedland, Robert Martin 3, 6 08/01/2015 52 0 -35,714

Ivanhoe Mines Ltd. Rights Deferred Share Unit

Cockerill, Ian 4 01/01/2015 56 28,181 5,681


de Selliers de Moranville, Guy Jacques

4 01/01/2015 56 28,181 5,681


Faber, Marc 4 01/01/2015 56 28,181 5,681


Hayden, William 4 01/01/2015 56 28,181 5,681


Hushovd, Oyvind 4 01/01/2015 56 28,181 5,681


Lamarque, William Gilfillan 4 01/01/2015 56 28,181 5,681


Meredith, Peter 4 01/01/2015 56 28,181 5,681


Russell, Charles J.G. 4 01/01/2015 56 28,181 5,681

Jadela Oil Corp. Common Shares Leia, Gregory 4, 5 05/01/2015 10 1,810,018 1,000

Jet Metal Corp. Options Paine, Sheila Margaret 5 06/01/2015 52 0 -2,500

Jet Metal Corp. Options Wallis, Charles Stewart 4 06/01/2015 52 0 -5,000

Journey Energy Inc. Common Shares Laustsen, Dana Bruce 4 06/01/2015 10 5.3 10,518 2,200

Journey Energy Inc. Common Shares Laustsen, Dana Bruce 4 06/01/2015 10 5.29 10,818 300

Junex Inc. Common Shares Caillé, André 4 05/01/2015 10 0.47 51,500 8,500





Jura Energy Corporation Common Shares Smith, Stephen Christopher 4 08/01/2015 10 0.265 1,188,500 1,000

Just Energy Group Inc. Rights Directors Compensation Plan

Brussa, John Albert 4 06/01/2015 56 23,132 1,107


Giffin, Gordon D. 4 06/01/2015 56 53,567 1,117


KIRBY, MICHAEL 4 06/01/2015 56 21,923 1,082

Just Energy Group Inc. Common Shares Pattison, James A. 3 31/12/2014 10 5.9964 17,605,456 352,140





Segal, Hugh David 5 06/01/2015 56 22,446 1,093


SLADOJE, GEORGE 4 06/01/2015 56 4,969 728

Kelso Technologies Inc. Common Shares Andrukaitis, Anthony 4, 5 29/12/2014 51 0.65 124,500 50,000

Kelso Technologies Inc. Options Andrukaitis, Anthony 4, 5 29/12/2014 51 0.65 150,000 -50,000

Kelso Technologies Inc. Options Andrukaitis, Anthony 4, 5 02/01/2015 50 5.9 450,000 300,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 457



Acquired/ Disposed

Kennady Diamonds Inc. Common Shares Desmond, Dermot Fachtna 3 05/01/2015 10 4.98 4,214,307 50,000

Keyera Corp. Common Shares Catell, Robert B. 4 07/01/2015 30 79.977 241 241

Keyera Corp. Common Shares Haughey, Douglas J. 4 07/01/2015 30 79.977 188 188

Keyera Corp. Common Shares Laird, Nancy M. 4 07/01/2015 30 79.977 126 126

Keyera Corp. Common Shares Nichols, H. Neil 4 07/01/2015 30 79.977 248 248

Keyera Corp. Common Shares Norris, Michael John 4 07/01/2015 30 79.977 126 126

Khalkos Exploration Inc. Common Shares Proulx, André 4, 6 23/12/2014 16 0.15 66,500

Khalkos Exploration Inc. Common Shares Proulx, André 4, 6 23/12/2014 16 0.15 66,500

Khalkos Exploration Inc. Common Shares Proulx, André 4, 6 27/12/2014 16 0.15 614,000 66,000

KHAN RESOURCES INC. Common Shares Edey, Grant Arnold 4 06/01/2015 51 0.29 2,018,426 250,000

KHAN RESOURCES INC. Options Edey, Grant Arnold 4 06/01/2015 51 0.29 1,050,000 -250,000

Killam Properties Inc. Rights RSU Banks, Timothy 4 05/01/2015 56 10.194 14,951 1,521

Killam Properties Inc. Rights RSU Karine, MacIndoe 4 05/01/2015 56 10.194 3,613 1,226

Killam Properties Inc. Rights RSU Lloyd, Arthur G. 4 05/01/2015 56 10.194 12,860 1,373

Killam Properties Inc. Common Shares Richardson, Robert 4, 5 05/01/2015 10 10.21 -2,500 -15,000



Killam Properties Inc. Common Shares Richardson, Robert 4, 5 08/01/2015 51 8.16 19,000 125,000

Killam Properties Inc. Common Shares Richardson, Robert 4, 5 08/01/2015 47 8.16 12,500 -6,500

Killam Properties Inc. Options Richardson, Robert 4, 5 07/01/2015 51 8.16 0 -125,000

Killam Properties Inc. Rights RSU WALT, MANFRED 4 05/01/2015 56 10.194 14,095 1,521

Killam Properties Inc. Rights RSU Watson, Wayne 4 05/01/2015 56 10.194 4,828 491

Kingsway Financial Services Inc.

Common Shares Baqar, Hassan Raza 5 31/12/2014 10 5.7709 27,512 122


Common Shares Hickey, William A. 5 31/12/2014 10 5.7709 54,204 260


Common Shares Swets, Jr., Larry Gene 4, 5 31/12/2014 10 5.7709 661,378 361

Kinross Gold Corporation Rights Deferred Share Units

Brough, John A. 4 31/12/2014 46 3.26 98,704 11,311


Carrington, John Kemp 4 31/12/2014 46 3.26 167,967 19,555

Kinross Gold Corporation Common Shares Elliott, Thomas Ballantyne 5 31/12/2014 30 3.94 57,718 2,989

Kinross Gold Corporation Common Shares Etter, Gregory Van 5 31/12/2014 30 3.36 20,046 4,320

Kinross Gold Corporation Common Shares Giardini, Tony Serafino 5 31/12/2014 30 3.94 187,881 6,179

Kinross Gold Corporation Common Shares Guerard, Sylvain 5 31/12/2014 30 3.94 35,098 2,899


Huxley, John M.H. 4 31/12/2014 46 3.26 121,939 10,544


Irving, Kenneth Colin 4 31/12/2014 46 3.26 69,071 9,202


Keyes, John A. 4 31/12/2014 46 3.26 127,037 14,667


McLeod-Seltzer, Catherine 4 31/12/2014 46 3.26 92,891 9,202

Kinross Gold Corporation Common Shares Morley-Jepson, Warwick 5 31/12/2014 30 3.94 84,131 5,941


Oliver, John Edwin 4, 5 31/12/2014 46 3.26 212,778 17,063


Power, Una Marie 4 31/12/2014 46 3.26 93,231 18,788


Reid, Terence C. W. 4 31/12/2014 46 3.26 189,414 18,788

Kinross Gold Corporation Common Shares Rollinson, Jonathon Paul 4, 5 31/12/2014 30 3.94 277,452 12,359

Kinross Gold Corporation Common Shares Schimper, Claude J.S. 5 31/12/2014 30 3.94 26,123 2,662


Woods, Ruth Grace 4 31/12/2014 46 3.26 91,328 18,405

Kobex Capital Corp. Common Shares van Eeden, Paul Pieter 4 07/01/2015 11 0.5231 4,885,000 767,000

Kobex Capital Corp. Common Shares van Eeden, Paul Pieter 4 07/01/2015 11 0.5231 767,000

Kobex Capital Corp. Common Shares van Eeden, Paul Pieter 4 07/01/2015 11 0.5231 0 -767,000

Lake Shore Gold Corp. Rights Deferred Share Units

Crossgrove, Peter Alexander

4 01/01/2015 56 679,755 25,925

Lake Shore Gold Corp. Rights Deferred Share Units

Gill, Jonathan 4 01/01/2015 56 526,476 14,768

Insider Reporting

January 15, 2015

(2015), 38 OSCB 458



Acquired/ Disposed

Lanesborough Real Estate Investment Trust

Rights Deferred Units Barker, Cheryl 4 31/12/2014 56 304,934 8,680


Rights Deferred Units Coleman, Earl 7 31/12/2014 56 283,811 8,680


Rights Deferred Units Loewen, Charles 4 31/12/2014 56 307,764 8,680

Lexaria Corp. Common Shares Bunka, Christopher 4, 5 09/01/2015 10 0.1098 1,862,628 40,000

Lightstream Resources Ltd. Common Shares Belecki, Annie C. 5 06/01/2015 10 1.02 29,442 10,000

Lightstream Resources Ltd. Common Shares Lightstream Resources Ltd. 1 01/12/2014 38 2.45 476,300 8,600

Lightstream Resources Ltd. Common Shares Lightstream Resources Ltd. 1 31/12/2014 38 0 -476,300

Lightstream Resources Ltd. Common Shares Malley, Bradford James 5 06/01/2015 10 1 51,181 20,000

Lightstream Resources Ltd. Common Shares WRIGHT, JOHN DAVID 4, 5 07/01/2015 10 1.03 5,954,460 150,000

Limited Duration Investment Grade Preferred Securities Fund

Units Class A Limited Duration Investment Grade Preferred Securities Fund

1 09/12/2014 38 23.35 800 800



1 10/12/2014 38 23.26 1,600 800



1 11/12/2014 38 23.26 2,400 800



1 12/12/2014 38 1,600 -800



1 12/12/2014 38 22.99 2,400 800



1 15/12/2014 38 1,600 -800



1 15/12/2014 38 23.17 2,400 800



1 16/12/2014 38 1,600 -800



1 16/12/2014 38 23.12 2,400 800



1 17/12/2014 38 1,600 -800



1 18/12/2014 38 800 -800



1 18/12/2014 38 23.05 1,600 800



1 19/12/2014 38 800 -800



1 19/12/2014 38 23.18 1,600 800



1 22/12/2014 38 23.16 2,400 800



1 23/12/2014 38 1,600 -800



1 24/12/2014 38 800 -800



1 24/12/2014 38 23.25 1,600 800



1 29/12/2014 38 800 -800

Insider Reporting

January 15, 2015

(2015), 38 OSCB 459



Acquired/ Disposed



1 30/12/2014 38 23.11 1,600 800



1 31/12/2014 38 800 -800



1 05/01/2015 38 0 -800


Units Class U Limited Duration Investment Grade Preferred Securities Fund

1 16/12/2014 38 23.55 600 600



1 17/12/2014 38 23.52 1,200 600



1 18/12/2014 38 23.51 1,800 600



1 19/12/2014 38 1,200 -600



1 22/12/2014 38 600 -600



1 22/12/2014 38 23.25 1,200 600



1 23/12/2014 38 600 -600



1 23/12/2014 38 23.25 1,100 500



1 29/12/2014 38 500 -600



1 30/12/2014 38 0 -500

Linamar Corporation Common Shares Bennett, Ronald Dale 4 01/12/2013 00



Linamar Corporation Common Shares Bennett, Ronald Dale 4 01/12/2013 00 1,825

Linamar Corporation Options Bennett, Ronald Dale 4 01/12/2013 00 2,400

Linamar Corporation Common Shares Boehler, Bradley John 5 05/01/2015 10 69.484 0 -2,000

Linamar Corporation Common Shares Chaves, Jose Manuel 5 08/01/2015 10 70 4,800 2,000

LIONS GATE ENTERTAINMENT CORP.

Common Shares Levin, Wayne 5 02/01/2015 10 31.2 111,064 -11,800

LIONS GATE ENTERTAINMENT CORP.

Common Shares Levin, Wayne 5 02/01/2015 10 32.06 110,364 -700

Liquor Stores N.A. Ltd. Annual Deferred Shares (Common Shares)

Bereznicki, Henry Andrew 4 06/01/2015 56 3,657 1,000


Collins, Gary 4 06/01/2015 56 5,204 1,000

Liquor Stores N.A. Ltd. Deferred Shares (Common Shares)

Collins, Gary 4 06/01/2015 56 10,094 607


Dinning, James Francis 4 06/01/2015 56 12,515 3,000


Green, Robert Steven 4 06/01/2015 56 5,204 1,000

Liquor Stores N.A. Ltd. Deferred Shares (Common Shares)

Green, Robert Steven 4 06/01/2015 56 5,193 312


Margolus, David Benjamin 4 06/01/2015 56 5,204 1,000


Peter, Lynch 4 13/05/2014 00


Peter, Lynch 4 06/01/2015 56 635 635

Insider Reporting

January 15, 2015

(2015), 38 OSCB 460



Acquired/ Disposed

Lithium Americas Corp. Options Cosic, Michael 5 01/12/2014 52 450,000 -225,000

Lithium Americas Corp. Warrants GEOLOGIC RESOURCE PARTNERS LLC

3 07/01/2015 55 100,000 -1,000,000

Lithium Americas Corp. Warrants Inwentash, Sheldon 3 06/01/2015 55 0 -500,000

Lithium Americas Corp. Warrants Kanellitsas, John 8, 4, 6 07/01/2015 55 100,000 -1,000,000

Loblaw Companies Limited Rights - Deferred Share Units

Bachand, Stephen Eugene 4 05/01/2015 56 21,155 587


Beeston, Paul 4 05/01/2015 56 35,802 623


Bryant, Warren 4 05/01/2015 56 5,450 639


Graham, Anthony R. 4 05/01/2015 56 39,327 635

Loblaw Companies Limited Common Shares Iacobucci, Andrew Eastham 5 12/11/2013 00 4,481

Loblaw Companies Limited Common Shares Iacobucci, Andrew Eastham 5 31/12/2014 30 5,196 715


Kluge, Holger 4 30/12/2014 30 154


Kluge, Holger 4 30/12/2014 30 41,256 160


Kluge, Holger 4 05/01/2015 56 41,929 673


Lacey, John Stewart 4 05/01/2015 56 25,071 612


Lockhart, Nancy 4 05/01/2015 56 37,386 679


O'Neill, Thomas Charles 4 05/01/2015 56 27,020 943


Pritchard, Beth Marie 4 05/01/2015 56 6,502 587


Raiss, Sarah 4 05/01/2015 56 19,046 587

Logistec Corporation Subordinate Voting Shares Class B

LOGISTEC CORPORATION

1 02/01/2015 38 0 -6,200



1 02/01/2015 38 39.645 200 200



1 08/01/2015 38 40.35 1,200 1,000



1 09/01/2015 38 40 2,200 1,000

Long Harbour Exploration Corp. (formerly Long Harbour Capital Corp.)

Warrants Louie, Howard John 4 22/07/2011 55 0 -300,000

Long Run Exploration Ltd. Common Shares ANDREW, WILLIAM E. 4, 5 30/12/2014 10 1.45 498,527 -60,000

Long Run Exploration Ltd. Common Shares ANDREW, WILLIAM E. 4, 5 31/12/2014 30 3.79 525,079 26,552

Long Run Exploration Ltd. Common Shares ANDREW, WILLIAM E. 4, 5 23/10/2012 00

Long Run Exploration Ltd. Common Shares ANDREW, WILLIAM E. 4, 5 30/12/2014 10 1.4669 60,000 60,000

Long Run Exploration Ltd. Restricted Awards ANDREW, WILLIAM E. 4, 5 23/10/2012 00

Long Run Exploration Ltd. Restricted Awards ANDREW, WILLIAM E. 4, 5 05/01/2015 56 165,000 165,000

Long Run Exploration Ltd. Restricted Awards Brussa, John Albert 4 18/12/2009 00

Long Run Exploration Ltd. Restricted Awards Brussa, John Albert 4 05/01/2015 56 45,000 45,000

Long Run Exploration Ltd. Common Shares Bushfield, Corine Renae Knight

5 31/12/2014 30 3.7939 105,734 21,581

Long Run Exploration Ltd. Restricted Awards Bushfield, Corine Renae Knight

5 19/03/2013 00

Long Run Exploration Ltd. Restricted Awards Bushfield, Corine Renae Knight

5 05/01/2015 56 126,000 126,000

Long Run Exploration Ltd. Restricted Awards CHWYL, EDWARD 4 18/12/2009 00

Long Run Exploration Ltd. Restricted Awards CHWYL, EDWARD 4 05/01/2015 56 45,000 45,000

Long Run Exploration Ltd. Common Shares Fleury, Jason Wallace 5 31/12/2014 30 3.64 39,529 18,099

Long Run Exploration Ltd. Restricted Awards Fleury, Jason Wallace 5 23/10/2012 00

Long Run Exploration Ltd. Restricted Awards Fleury, Jason Wallace 5 05/01/2015 56 96,000 96,000

Long Run Exploration Ltd. Common Shares Graham, Michael 4 08/01/2015 10 1.37 145,000 10,000

Long Run Exploration Ltd. Restricted Awards Graham, Michael 4 23/10/2012 00

Long Run Exploration Ltd. Restricted Awards Graham, Michael 4 05/01/2015 56 45,000 45,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 461



Acquired/ Disposed

Long Run Exploration Ltd. Common Shares King, Jana 5 31/12/2014 30 3.79 42,282 19,852

Long Run Exploration Ltd. Common Shares King, Jana 5 06/01/2015 10 1.43 49,282 7,000

Long Run Exploration Ltd. Restricted Awards King, Jana 5 16/06/2013 00

Long Run Exploration Ltd. Restricted Awards King, Jana 5 05/01/2015 56 96,000 96,000

Long Run Exploration Ltd. Common Shares MILLER, DALE A. 4, 5 31/12/2014 30 3.79 204,558 16,129

Long Run Exploration Ltd. Restricted Awards MILLER, DALE A. 4, 5 23/10/2012 00

Long Run Exploration Ltd. Restricted Awards MILLER, DALE A. 4, 5 05/01/2015 56 150,000 150,000

Long Run Exploration Ltd. Restricted Awards MUNRO, BRADLEY R. 4 23/10/2012 00

Long Run Exploration Ltd. Restricted Awards MUNRO, BRADLEY R. 4 05/01/2015 56 45,000 45,000

Long Run Exploration Ltd. Restricted Awards Newson, Patricia Marie 4 23/10/2012 00

Long Run Exploration Ltd. Restricted Awards Newson, Patricia Marie 4 05/01/2015 56 45,000 45,000

Long Run Exploration Ltd. Common Shares Orton, Dale John 5 31/12/2014 30 3.79 48,997 21,832

Long Run Exploration Ltd. Restricted Awards Orton, Dale John 5 23/10/2012 00

Long Run Exploration Ltd. Restricted Awards Orton, Dale John 5 05/01/2015 56 126,000 126,000

Long Run Exploration Ltd. Restricted Awards Sprott Resource Corp. 3 30/06/2011 00

Long Run Exploration Ltd. Restricted Awards Sprott Resource Corp. 3 05/01/2015 56 45,000 45,000

Long Run Exploration Ltd. Common Shares Stevenson, William 4 21/05/2014 00 4,000

Long Run Exploration Ltd. Common Shares Stevenson, William 4 21/05/2014 10 5.51 8,000 4,000


Long Run Exploration Ltd. Common Shares Stevenson, William 4 26/08/2014 10 5.33 10,000 500




Long Run Exploration Ltd. Restricted Awards Stevenson, William 4 21/05/2014 00

Long Run Exploration Ltd. Restricted Awards Stevenson, William 4 05/01/2015 56 45,000 45,000

Long Run Exploration Ltd. Common Shares Sundstrom, Devin Kent 5 31/12/2014 30 3.79 41,621 19,301

Long Run Exploration Ltd. Restricted Awards Sundstrom, Devin Kent 5 23/10/2012 00

Long Run Exploration Ltd. Restricted Awards Sundstrom, Devin Kent 5 05/01/2015 56 96,000 96,000

Lundin Mining Corporation Common Shares Riehm, Derek 5 01/01/2015 00

Lundin Mining Corporation Options Riehm, Derek 5 01/01/2015 00

Lundin Mining Corporation Options Riehm, Derek 5 01/01/2015 50 150,000 150,000

MacDonald, Dettwiler and Associates Ltd.

(DSUs, DRSUs, SARs) Friedmann, Daniel 5 05/01/2015 59 94.408 553,504 -59,996


(DSUs, DRSUs, SARs) Friedmann, Daniel 5 06/01/2015 59 93.474 483,335 -70,169


(DSUs, DRSUs, SARs) Louis, Peter 5 05/01/2015 59 94.408 248,334 -20,000

MAG Silver Corp. Common Shares Colterjohn, Richard Mark 4 07/01/2015 51 5.86 51,444 17,264

MAG Silver Corp. Common Shares Colterjohn, Richard Mark 4 07/01/2015 10 10.243 39,144 -12,300

MAG Silver Corp. Common Shares Colterjohn, Richard Mark 4 08/01/2015 10 10.243 -12,300

MAG Silver Corp. Common Shares Colterjohn, Richard Mark 4 08/01/2015 10 10.2 34,180 -4,964

MAG Silver Corp. Options Colterjohn, Richard Mark 4 07/01/2015 51 5.86 180,000 -40,000

MAG Silver Corp. DSU Leversage, Jill Diane 4 22/12/2014 00

MAG Silver Corp. DSU Leversage, Jill Diane 4 22/12/2014 97 7.64 29,449 29,449

MAG Silver Corp. Directors' Deferred Share Unit Plan

Rubenstein, Jonathan A. 4 31/12/2014 97 8.58 19,323 2,185

Magna International Inc. Common Shares Magna International Inc. 1 02/12/2014 38 117.94 884,800 750,000

Magna International Inc. Common Shares Magna International Inc. 1 03/12/2014 38 134,800 -750,000






Manac Inc. Subordinate Voting Shares

Rodrigue, Blaise 5 01/01/2015 00 1,200

Manitok Energy Inc. Common Shares Dion, Robert George 5 31/12/2014 30 0.9998 7,674 1,875

Manitok Energy Inc. Common Shares Geremia, Massimo Mario 5 31/12/2014 30 0.9998 8,186 2,000

Manitok Energy Inc. Common Shares Jerhoff, Timothy Franklin 5 31/12/2014 30 0.9998 7,674 1,875

Manitok Energy Inc. Common Shares Martin, Donald Robert 5 31/12/2014 30 0.9998 6,310 1,542

Manitok Energy Inc. Common Shares Vouri, Cameron Grant 5 31/12/2014 30 0.9998 8,186 2,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 462



Acquired/ Disposed

Maple Leaf Foods Inc. Rights Restricted Share Units settled with market shares

Frank, Curtis Eugene 5 05/01/2015 56 21,950 21,180

Maple Leaf Foods Inc. Rights Restricted Share Units settled with market shares

Grogan, Adam John 5 05/01/2015 56 24,630 21,180

Marquee Energy Ltd. Common Shares Turnbull, Gregory George 4 06/01/2015 10 0.51 150,000 50,000

Maxtech Ventures Inc. Common Shares Janda, Lakhwinder 4 25/07/2013 37 1,100,000 -2,200,000

Maxtech Ventures Inc. Common Shares Janda, Lakhwinder 4 31/12/2014 10 0.05 700,000 -400,000

Maxtech Ventures Inc. Common Shares Janda, Lakhwinder 4 31/12/2014 10 0.05 680,000 -20,000

MAYA GOLD & SILVER INC. Common Shares Goulet, Guy 4, 5 31/12/2014 10 0.21 970,796 1,000


MAYA GOLD & SILVER INC. Common Shares Goulet, Guy 4, 5 05/01/2015 10 0.23 954,296 -19,000

MAYA GOLD & SILVER INC. Common Shares Goulet, Guy 4, 5 05/01/2015 10 0.235 933,296 -21,000


MAYA GOLD & SILVER INC. Common Shares Praetorian Resources Limited

3 05/01/2015 10 0.2467 14,803,000 50,000

Mazorro Resources Inc. Common Shares Audet, André 4 01/01/2015 36 3,057,084 1,000,000

Mazorro Resources Inc. Common Shares Audet, André 4 28/02/2008 00

Mazorro Resources Inc. Common Shares Audet, André 4 01/01/2015 36 1,000,000 1,000,000

MBN Corporation Units MBN Corporation 1 02/01/2015 38 5.11 300 300

MBN Corporation Units MBN Corporation 1 02/01/2015 38 0 -300

MBN Corporation Units MBN Corporation 1 05/01/2015 38 5.0982 1,100 1,100

MBN Corporation Units MBN Corporation 1 05/01/2015 38 0 -1,100





MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 23/12/2014 90 11,645 -29,146

MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 04/07/2013 00

MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 23/12/2014 90 29,146 29,146

MCAN Mortgage Corporation Restricted Share Units Bouganim, Jeffrey Joseph 5 02/01/2015 30 5,105 56

MCAN Mortgage Corporation Restricted Share Units Bouganim, Jeffrey Joseph 5 02/01/2015 30 5,149 44

MCAN Mortgage Corporation Common Shares Cruise, Brydon 4 07/01/2015 30 14.01 97,819 1,769



MCAN Mortgage Corporation Common Shares Cuthbert, Verna 4 08/01/2015 10 14.29 2,900 700

MCAN Mortgage Corporation Deferred Share Units Jandrisits, William John 4, 7, 5 02/01/2015 30 14.28 45,785 881

MCAN Mortgage Corporation Restricted Share Units Jandrisits, William John 4, 7, 5 02/01/2015 30 14.284 5,334 103

MCAN Mortgage Corporation Common Shares Misener, Michael 5 31/12/2014 30 14.394 1,513 62

MCAN Mortgage Corporation Restricted Share Units Misener, Michael 5 30/09/2014 30 14.092 4,127 38



MCAN Mortgage Corporation Common Shares Pinto, Sylvia 5 30/09/2014 10 13.79 1,642 32

MCAN Mortgage Corporation Common Shares Pinto, Sylvia 5 30/09/2014 30 13.79 2,094 41

MCAN Mortgage Corporation Restricted Share Units Pinto, Sylvia 5 02/01/2015 30 14.284 2,051 21

MCAN Mortgage Corporation Restricted Share Units Pinto, Sylvia 5 02/01/2015 30 14.284 2,069 18

MCAN Mortgage Corporation Common Shares Sutherland, Derek 5 30/09/2014 30 13.79 4,261 84








MCAN Mortgage Corporation Restricted Share Units Sutherland, Derek 5 02/01/2015 30 14.284 4,374 43

MCAN Mortgage Corporation Restricted Share Units Sutherland, Derek 5 02/01/2015 30 14.284 4,417 43

MCAN Mortgage Corporation Common Shares Sutherland, Ian 3, 4 08/01/2015 30 14.01 1,822,084 27,864

MCAN Mortgage Corporation Common Shares Sutherland, Ian 3, 4 08/01/2015 30 14.01 374,668 7,511


Insider Reporting

January 15, 2015

(2015), 38 OSCB 463



Acquired/ Disposed


MCAN Mortgage Corporation Common Shares Tyas, John 5 07/01/2015 90 14.22 11,514 275



MCAN Mortgage Corporation Common Shares Tyas, John 5 31/12/2014 90 1,465 -275



McCoy Global Inc. Rights DSU Chalupa, Terry Dennis 4, 6 31/12/2014 56 3.86 16,106 1,943

McCoy Global Inc. Common Shares Dmitriev, Andrei 5 09/01/2015 30 1,192 489

McCoy Global Inc. Rights DSU Freeman, Terrance 4 31/12/2014 56 3.86 61,562 7,500

McCoy Global Inc. Rights DSU Seaver, Christopher Tiernan 4 31/12/2014 56 3.86 20,346 1,943

Meadow Bay Gold Corporation

Common Shares Dinning, Robert 4, 5 19/12/2014 11 0.1 1,316,200 400,000


Warrants Dinning, Robert 4, 5 19/12/2014 11 0.15 1,005,000 400,000


Common Shares MARGETSON, KEITH 5 19/12/2014 11 0.1 315,909 150,000


Common Shares MARGETSON, KEITH 5 22/12/2014 11 0.2 100,000


Warrants MARGETSON, KEITH 5 22/11/2013 11 0.25 100,000


Warrants MARGETSON, KEITH 5 19/12/2014 11 0.15 315,909 150,000

Mediagrif Interactive Technologies Inc.

Common Shares Anglaret, Stéphane 5 01/01/2015 30 19,737 368


Common Shares Bourque, Paul 5 01/01/2015 30 23,292 159


Common Shares Hallak, Hélène 5 01/01/2015 30 69,227 95


Common Shares Lampron, Richard 5 01/01/2015 30 45,158 277


Common Shares Moquin, Suzanne 5 01/01/2015 30 613 81


Common Shares Rousseau, Camil 5 01/01/2015 30 12,908 68


Common Shares Roy, Claude 3, 4, 5 01/01/2015 30 658,243 308


Common Shares Stam, Jean-Michel 5 01/01/2015 30 13,095 217


Common Shares Technologies Interactives Mediagrif Inc.

1 02/12/2014 38 17.84 1,300 1,300



1 02/12/2014 38 17.84 0 -1,300



1 03/12/2014 38 17.8 500 500



1 03/12/2014 38 17.8 0 -500



1 08/12/2014 38 17.82 1,300 1,300



1 08/12/2014 38 17.82 0 -1,300



1 09/12/2014 38 17.87 300 300



1 09/12/2014 38 17.87 0 -300



1 11/12/2014 38 17.93 100 100



1 11/12/2014 38 17.93 0 -100



1 15/12/2014 38 17.9 800 800



1 15/12/2014 38 17.9 0 -800



1 16/12/2014 38 17.81 900 900

Insider Reporting

January 15, 2015

(2015), 38 OSCB 464



Acquired/ Disposed



1 16/12/2014 38 17.81 0 -900



1 18/12/2014 38 17.9 500 500



1 18/12/2014 38 17.9 0 -500



1 19/12/2014 38 17.86 1,400 1,400



1 19/12/2014 38 17.86 0 -1,400



1 24/12/2014 38 18.54 1,400 1,400



1 24/12/2014 38 18.54 0 -1,400

Medicure Inc. Common Shares Friesen, Albert David 4, 5 07/01/2015 10 1.99 15,567 100

Medicure Inc. Common Shares Friesen, Albert David 4, 5 07/01/2015 10 2 16,567 1,000

Medicure Inc. Common Shares Friesen, Albert David 4, 5 07/01/2015 10 2.01 19,467 2,900

Medicure Inc. Common Shares Friesen, Albert David 4, 5 07/01/2015 10 2.05 20,467 1,000



Mega Uranium Ltd. Options Grey, Anthony 4 01/01/2015 52 0.76 250,000 -50,000

Mega Uranium Ltd. Common Shares Inwentash, Sheldon 4 05/01/2015 10 0.117 0 -5,000,000

Mega Uranium Ltd. Options Inwentash, Sheldon 4 01/01/2015 52 0.76 4,000,000 -1,000,000

Mega Uranium Ltd. Options Johannson, Arni Thomas 4 01/01/2015 52 0.76 295,000 -50,000

Mega Uranium Ltd. Options Patricio, Richard J 5 01/01/2015 52 0.76 1,300,200 -250,000

Mega Uranium Ltd. Options Reeson, Douglas 4 01/01/2015 52 0.76 250,000 -50,000

Mega Uranium Ltd. Options Sweatman, Michael 4 01/01/2015 52 0.76 250,000 -50,000

Mega Uranium Ltd. Options Taylor, Stewart 5 01/01/2015 52 0.76 1,200,000 -200,000

Melcor Developments Ltd. Common Shares Baker, Brian Douglas 5 31/12/2014 30 22.73 15,419 243

Melcor Developments Ltd. Common Shares Chia, Jonathan 5 31/12/2014 30 22.73 419 243

Melcor Developments Ltd. Common Shares Fjeldheim, Jason 5 31/12/2014 30 22.73 419 243

Melcor Developments Ltd. Common Shares Inglis, Dennis 5 31/12/2014 30 22.73 6,253 243

Melcor Developments Ltd. Common Shares Rayburn, Darin Anthony 5 31/12/2014 30 22.73 38,879 243

Melcor Developments Ltd. Common Shares Rudge, Jesse 5 31/12/2014 30 22.86 3,156 380

Melcor Developments Ltd. Common Shares Stefura, Naomi Marie 5 31/12/2014 30 23 377 201

Melcor Real Estate Investment Trust

Trust Units LOWRY, Donald James 4 24/12/2014 10 9.35 32,200 200


Trust Units LOWRY, Donald James 4 05/01/2015 10 9.35 34,600 2,400


Trust Units Melton, Andrew John 6 06/01/2015 10 9.29 61,200 3,000


Trust Units Melton, Timothy Charles 6 01/05/2013 00


Trust Units Melton, Timothy Charles 6 05/01/2015 10 9.19 5,000 5,000

Methanex Corporation Rights Performance Share Units

AITKEN, BRUCE 4 31/12/2014 30 66,696 1,066

Methanex Corporation Rights Restricted Share Units

AITKEN, BRUCE 4 31/12/2014 30 4,522 72

Methanex Corporation Rights Deferred Share Units

Balloch, Howard 4 31/12/2014 30 44,569 721


Cook, Phillip Henry 4 31/12/2014 30 3,100 90

Methanex Corporation Rights Performance Share Units

Floren, John 4, 5 31/12/2014 30 83,588 1,336


Hamilton, Tom 4 31/12/2014 30 7,495 182


Kostelnik, Robert 4 31/12/2014 30 4,523 113


Mahaffy, Douglas William 4 31/12/2014 30 42,487 688

Methanex Corporation Common Shares Methanex Corporation 1 01/12/2014 38 50.738 40,000 40,000


Insider Reporting

January 15, 2015

(2015), 38 OSCB 465



Acquired/ Disposed


















Methanex Corporation Common Shares Methanex Corporation 1 31/12/2014 38 0 -920,000


Poole, Albert Terence 4 31/12/2014 30 46,839 758


Reid, John McDonald 4 31/12/2014 30 39,704 642


Reid, John McDonald 4 31/12/2014 30 3,100 49


Rennie, Janice Gaye 4 31/12/2014 30 11,781 191




Sloan, Monica 4 31/12/2014 30 43,140 698


Sloan, Monica 4 31/12/2014 30 3,100 90

Metro inc. Common Shares Metro inc. 1 09/12/2014 38 87.6 2,700 2,700

Metro inc. Common Shares Metro inc. 1 09/12/2014 38 87.75 3,500 800


















Metro inc. Common Shares Metro inc. 1 09/12/2014 38 89 42,100 9,800









Insider Reporting

January 15, 2015

(2015), 38 OSCB 466



Acquired/ Disposed













Metro inc. Common Shares Metro inc. 1 10/12/2014 38 89 109,900 900

















Metro inc. Common Shares Metro inc. 1 12/12/2014 38 116,800 -56,000





























Insider Reporting

January 15, 2015

(2015), 38 OSCB 467



Acquired/ Disposed





































Metro inc. Common Shares Metro inc. 1 29/12/2014 38 0 -3,300

Mettrum Health Corp. Options Cashman, John P. 4 05/01/2015 00 25,000

Microbix Biosystems Inc. Common Shares Embro-Pantalony, Vaughn 4 08/01/2015 51 0.39 614,852 50,000

Microbix Biosystems Inc. Common Shares Embro-Pantalony, Vaughn 4 08/01/2015 51 0.36 814,852 200,000

Microbix Biosystems Inc. Options Embro-Pantalony, Vaughn 4 08/01/2015 51 1,100,000 -50,000

Microbix Biosystems Inc. Options Embro-Pantalony, Vaughn 4 08/01/2015 51 900,000 -200,000

Microbix Biosystems Inc. Common Shares Gastle, William John 3, 4, 5 08/01/2015 51 0.39 5,686,109 260,000

Microbix Biosystems Inc. Common Shares Gastle, William John 3, 4, 5 08/01/2015 47 5,426,109 -260,000

Microbix Biosystems Inc. Options Gastle, William John 3, 4, 5 08/01/2015 51 621,428 -260,000

Microbix Biosystems Inc. Warrants Gastle, William John 3, 4, 5 29/10/2014 55 0 -33,333

Microbix Biosystems Inc. Common Shares Luscher, Mark Adrian 5 09/01/2015 51 0.39 50,400 50,000

Microbix Biosystems Inc. Options Luscher, Mark Adrian 5 09/01/2015 51 0.39 215,000 -50,000

Microbix Biosystems Inc. Common Shares Marino, Martin 4 06/01/2015 51 0.39 315,000 50,000

Microbix Biosystems Inc. Options Marino, Martin 4 06/01/2015 51 450,000 -50,000

Midas Gold Corp. Options Bailey, Donald Claud 7 13/11/2014 00

Midas Gold Corp. Options Bailey, Donald Claud 7 02/01/2015 50 0.46 45,000 45,000

Midas Gold Corp. Options Barnes, Robert 5 06/01/2015 50 0.46 880,000 160,000

Midas Gold Corp. Common Shares Brunk, Kenneth,Arnold 4 12/11/2014 99 200,000 100,000

Midas Gold Corp. Options Brunk, Kenneth,Arnold 4 12/11/2014 00

Midas Gold Corp. Options Brunk, Kenneth,Arnold 4 06/01/2015 50 0.46 45,000 45,000

Midas Gold Corp. Options Caridi, Elizabeth 5 06/01/2015 50 0.46 520,000 100,000

Midas Gold Corp. Common Shares Davenport, Scott Kevan 4 06/01/2015 50 0.46 45,200 45,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 468



Acquired/ Disposed

Midas Gold Corp. Options ELD, FRANK WILLIAM 1 06/01/2015 50 0.46 45,000 45,000

Midas Gold Corp. Options Hubert, Wayne 4 06/01/2015 50 0.46 105,000 65,000

Midas Gold Corp. Options Meyer, John 5 06/01/2015 50 0.46 710,000 130,000

Midas Gold Corp. Options Morgans, Darren Paul 5 06/01/2015 50 760,000 130,000

Midas Gold Corp. Options Quin, Stephen Paul 4, 5 06/01/2015 50 0.46 1,460,000 260,000

Midas Gold Corp. Options Sayer, Laurel 4 15/11/2014 00

Midas Gold Corp. Options Sayer, Laurel 4 06/01/2015 50 0.46 97,500 97,500

Midas Gold Corp. Options Wakeford, John 4 06/01/2015 50 0.46 405,000 65,000

Midas Gold Corp. Options Young, Donald Walter 4 06/01/2015 50 0.46 405,000 65,000

Middlefield Can-Global REIT Income Fund

Trust Units Middlefield Can-Global REIT Income Fund

1 02/01/2015 38 11 2,146,145 600

Midpoint Holdings Ltd. (formerly Javelina Resources Ltd.)

Common Shares Comishin, Corbin Patrick Miklor

4 26/04/2013 00 2,864,202


Options Comishin, Corbin Patrick Miklor

4 26/04/2013 00 130,000


Common Shares Henderson, Marc Charles 4 31/12/2014 16 0.1 2,481,000 1,000,000


Warrants Henderson, Marc Charles 4 31/12/2014 16 900,000 500,000


Warrants Lemkus, Bradley 2 11/04/2013 00


Warrants Lemkus, Bradley 2 31/12/2014 16 0.2 100,000 100,000


Common Shares Wong, Shee Hau 4 07/01/2015 00 10,000


Common Shares Wong, Shee Hau 4 07/01/2015 00 1,000,000


Warrants Wong, Shee Hau 4 07/01/2015 00 500,000

Milestone Apartments Real Estate Investment Trust

Deferred Units Biggar, William John 4 31/12/2014 56 18,778 3,039


Deferred Units Graham, Janet 4 31/12/2014 56 20,035 3,130


Deferred Units Lamberti, Steven Thomas 5 01/01/2015 30 33,690 20,961


Deferred Units Landin, Robert Paul 4, 5 01/01/2015 30 112,558 72,780


Deferred Units Matheson, Richard Norman 4 31/12/2014 56 15,941 2,456


Deferred Units Newberry, Ryan 5 01/01/2015 30 17,343 13,100


Deferred Units Senst, Graham David 4 31/12/2014 56 16,888 2,729


Deferred Units Young, Michael D'Arcy 4 31/12/2014 56 20,456 3,057

Millrock Resources Inc. Common Shares Davies, Janice 5 05/01/2015 37 1,500 -13,500

Millrock Resources Inc. Warrants Davies, Janice 5 05/01/2015 55 0 -7,500

Minera IRL Limited Options BENAVIDES, DIEGO 5 31/12/2014 52 1,100,000 -250,000

Minera IRL Limited Options Chamberlain, Courtney Charles

4, 5 31/12/2014 52 1,640,000 -750,000

Minera IRL Limited Options Jones, Douglas 4 31/12/2014 52 440,000 -100,000

Minera IRL Limited Options Miller, Timothy William 5 31/12/2014 52 750,000 -150,000

Mineral Mountain Resources Ltd.

Common Shares Coughlan, Terrance Barry 4 31/12/2014 00 800,000

Mineral Mountain Resources Ltd.

Warrants Coughlan, Terrance Barry 4 31/12/2014 00 800,000

MINT Income Fund Trust Units MINT Income Fund 1 31/12/2014 38 9.54 59,361,110 12,315,212

Insider Reporting

January 15, 2015

(2015), 38 OSCB 469



Acquired/ Disposed

MINT Income Fund Trust Units MINT Income Fund 1 05/01/2015 38 9.2 59,361,510 400

MINT Income Fund Trust Units MINT Income Fund 1 06/01/2015 38 9.02 59,361,610 100

Miocene Resources Limited (formerly Miocene Metals Limited)

Common Shares Blake, H.J. 5 01/01/2015 37 33,999 -306,000


Common Shares Galipeau, René Réal 6 01/01/2015 37 14,084 -126,749


Common Shares HOLMES, WARREN 6 01/01/2015 37 25,000 -225,000


Common Shares Horst, Roland 6 01/01/2015 37 10,833 -97,505


Common Shares Montgomery, Mary Irene 5 01/01/2015 37 1,666 -15,000


Common Shares Rampton, Vernon Neil 4 23/06/2014 00


Common Shares Rampton, Vernon Neil 4 31/12/2014 11 0.2 75,000 75,000


Common Shares Soever, Alar 4 31/12/2014 16 0.2 936,433 75,000


Common Shares Soever, Alar 4 01/01/2015 37 161,143 -775,290


Common Shares Wallbridge Mining Company Limited

3 01/01/2015 37 2,844,732 -25,602,594

Mistango River Resources Inc.

Common Shares Investec Bank Plc 3 08/01/2015 10 0.0499 771,000 -100,000

Mitel Networks Corporation Common Shares Kanata Research Park Corporation

3 09/12/2014 10 11.1 8,618,610 -1,000,000

Moag Copper Gold Resources Inc.

Common Shares Jones, Bradley Leonard 3, 4, 5 07/01/2015 10 0.18 9,625,000 15,000

Monarques Resources Inc. Options Janelle, Vincent 5 08/01/2015 50 0.13 75,000

Monarques Resources Inc. Options Janelle, Vincent 5 08/01/2015 50 325,000 75,000

Monarques Resources Inc. Options Lacoste, Jean-Marc 4, 5 07/01/2015 50 0.13 1,090,000 200,000

Monarques Resources Inc. Options Larouche, Valère 5 07/01/2015 50 0.13 100,000 100,000

Monarques Resources Inc. Options Larouche, Valère 5 08/01/2015 00

Monarques Resources Inc. Options Nadeau, Steve 5 07/01/2015 50 0.13 400,000 75,000

Mooncor Oil & Gas Corp. (formerly DVD Investments Limited)

Common Shares LONE, ALLEN 4, 5 07/01/2015 10 0.01 680,000 4,000

Morguard Real Estate Investment Trust

Units Morguard Corporation 3 06/01/2015 10 18.345 2,334,994 54,724


Units Morguard Corporation 3 07/01/2015 10 18.4 2,386,194 51,200


Units Walker, Timothy James 4 05/01/2015 10 18.2 50,000 500

Mustang Minerals Corp. Common Shares Dunbar, Robin Edward 4, 5 08/01/2015 16 0.015 4,654,166 1,166,666

Mustang Minerals Corp. Common Shares Dunbar, Robin Edward 4, 5 08/01/2015 16 0.015 2,166,725 833,333

NEMI Northern Energy & Mining Inc.

Common Shares Nemi Northern Energy & Mining Inc.

1 12/12/2014 38 0.58 10,000 10,000



1 12/12/2014 38 0 -10,000



1 19/12/2014 38 0.58 4,000 4,000



1 19/12/2014 38 0 -4,000

New Flyer Industries Inc. Options Asham, Carl Glenn 5 28/12/2014 50 42,787

New Flyer Industries Inc. Options Asham, Carl Glenn 5 28/12/2014 50 138,736 43,033

New Flyer Industries Inc. Performance Share Units Asham, Carl Glenn 5 02/01/2015 56 11,719

New Flyer Industries Inc. Performance Share Units Asham, Carl Glenn 5 02/01/2015 56 71,959 11,786

Insider Reporting

January 15, 2015

(2015), 38 OSCB 470



Acquired/ Disposed

New Flyer Industries Inc. Restricted Share Units Asham, Carl Glenn 5 02/01/2015 56 5,859

New Flyer Industries Inc. Restricted Share Units Asham, Carl Glenn 5 02/01/2015 56 35,577 5,893

New Gold Bayfield Corp. (formerly Bayfield Ventures Corp.)

Common Shares New Gold Inc. 3 01/01/2015 00 79,241,851

New Look Eyewear Inc. Common Shares Class A Amiel, Antoine 4, 6, 5 31/12/2014 35 20.81 65,359 453

New Look Eyewear Inc. Common Shares Class A Bennett, William John 4, 6, 5 31/12/2014 35 20.81 81,628 584

New Look Eyewear Inc. Common Shares Class A Bennett, William John 4, 6, 5 31/12/2014 35 20.81 590,718 4,227

New Look Eyewear Inc. Common Shares Class A Boulanger, Claire 5 06/01/2015 51 8.39 26,683 15,129

New Look Eyewear Inc. Options Boulanger, Claire 5 06/01/2015 51 8.39 9,871 -15,129

New Look Eyewear Inc. Options Boulanger, Claire 5 06/01/2015 38 0 -9,871

New Look Eyewear Inc. Common Shares Class A Cherney, Richard 4 31/12/2014 30 20.81 10,174 58

New Look Eyewear Inc. Common Shares Class A DeBono, Emanuel J. 5 31/12/2014 35 20.81 1,985 10

New Look Eyewear Inc. Common Shares Class A Deschamps, Jean-Luc 5 31/12/2014 35 20.81 44,546 12

New Look Eyewear Inc. Common Shares Class A Pageau, Mario 5 31/12/2014 35 20.81 11,528 51

New Look Eyewear Inc. Common Shares Class A Pearson, Charles Emmett 4, 6 31/12/2014 35 20.81 142,048 1,016

New Look Eyewear Inc. Common Shares Class A Pearson, Charles Emmett 4, 6 31/12/2014 35 20.81 142,048 1,016

Newalta Corporation Common Shares MacDonald, Bob 4 05/01/2015 10 16.16 15,200 1,000

Newalta Corporation Common Shares Pinder, Richard Hughes 4 30/12/2014 47 17.55 2,947 -2,500

Newalta Corporation Common Shares Ryley, Thomas Lovett 4 05/01/2015 51 8.07 75,000 12,500

Newalta Corporation Options Ryley, Thomas Lovett 4 05/01/2015 51 8.07 50,000 -12,500

Newalta Corporation Common Shares Whiteley, Took 5 05/01/2015 51 8.07 43,776 29,373

Newalta Corporation Options Whiteley, Took 5 05/01/2015 51 8.07 209,000 -55,000

NexC Partners Corp. Non-Voting Shares Class A

NexC Partners Corp. 1 01/12/2014 38 11.19 2,400 800






NexC Partners Corp. 1 04/12/2014 38 1,600 -800










NexC Partners Corp. 1 09/12/2014 38 800 -800























Insider Reporting

January 15, 2015

(2015), 38 OSCB 471



Acquired/ Disposed






NexC Partners Corp. 1 18/12/2014 38 11 2,400 800




NexC Partners Corp. 1 19/12/2014 38 11 2,400 800












NexC Partners Corp. 1 30/12/2014 38 11.12 800 800



Nexus Gold Corp. Common Shares Klenman, Alexander 4 24/12/2014 10 0.135 1,603,349 1,000









Nexus Gold Corp. Warrants Klenman, Alexander 4 31/07/2014 99 0 -902,850

Nexus Gold Corp. Warrants Klenman, Alexander 4 31/07/2014 00

Nexus Gold Corp. Warrants Klenman, Alexander 4 31/07/2014 99 902,850 902,850

Nighthawk Gold Corp. Common Shares Cudney, Robert Douglas 3 12/12/2014 10 0.25 61,500

Nighthawk Gold Corp. Common Shares Cudney, Robert Douglas 3 12/12/2014 10 0.25 8,864,591 61,500

Nighthawk Gold Corp. Common Shares Cudney, Robert Douglas 3 22/12/2014 10 0.25 40,500

Nighthawk Gold Corp. Common Shares Cudney, Robert Douglas 3 22/12/2014 10 0.25 8,918,091 40,500

Niko Resources Ltd. Convertible Notes (convertible for common shares)

Disbrow, Robert 3 02/01/2015 10 12.01 $6,490,000 $15,000

Nordex Explosives Ltd. Common Shares Bourgeois, Peter Charles 4 08/01/2015 00

North American Energy Partners Inc.

Deferred Share Unit (Common Shares)

McIntosh, Ronald A 4 31/12/2014 56 135,230 2,425


Common Shares North American Energy Partners

1 29/12/2014 38 3.23 2,300,000 500,000



Oehmig, William C. 4 31/12/2014 56 166,482 9,588


Common Shares Palmer, Barry Wade 5 06/01/2015 10 3.5901 23,000 13,000



Sello, Allen 4 31/12/2014 56 75,956 4,034



Thornton, Jay 4 31/12/2014 56 37,697 5,125



Turner, K. Rick 4 31/12/2014 56 81,208 4,827

North American Palladium Ltd.

Restricted Stock Units (cash settled)

Douchane, Andre Jean 4, 5 01/01/2015 38 110,239 -27,799



Douchane, Andre Jean 4, 5 01/01/2015 30 0.16 297,739 187,500



Hills, Alfred Leonard 4 01/01/2015 30 0.16 264,643 187,500

Insider Reporting

January 15, 2015

(2015), 38 OSCB 472



Acquired/ Disposed



Jentz, John Warren 4 01/01/2015 30 0.16 290,357 187,500



Quinn, Robert Joseph 4 01/01/2015 38 139,936 -18,533



Quinn, Robert Joseph 4 01/01/2015 30 187,500



Quinn, Robert Joseph 4 01/01/2015 30 327,436 187,500



Van Staveren, Gregory Joseph

4 01/01/2015 38 134,743 -23,166



Van Staveren, Gregory Joseph

4 01/01/2015 30 322,243 187,500



Weymark, William James 4 01/01/2015 38 90,884 -18,533



Weymark, William James 4 01/01/2015 30 278,384 187,500

Northair Silver Corp. Options Scott, Robert James 5 08/12/2014 00

Northair Silver Corp. Options Scott, Robert James 5 18/12/2014 50 0.08 500,000 500,000

Northern Dynasty Minerals Ltd.

Warrants Dickinson, Robert Allan 3, 4 31/12/2014 11 0.431 650,000 650,000


Warrants Hodgson, Stephen 5 14/03/2005 00


Warrants Hodgson, Stephen 5 31/12/2014 11 0.431 46,000 46,000


Warrants Mitchell, Peter 4 16/05/2011 00


Warrants Mitchell, Peter 4 31/12/2014 11 0.431 60,000 60,000


Warrants Pickering, Kenneth William 4 05/03/2014 00


Warrants Pickering, Kenneth William 4 31/12/2014 11 0.431 116,000 116,000


Warrants Snyman, Marchand 5 01/08/2008 00


Warrants Snyman, Marchand 5 31/12/2014 11 0.431 80,000 80,000


Warrants Thiessen, Ronald William 4 10/09/2002 00


Warrants Thiessen, Ronald William 4 31/12/2014 11 0.431 650,000 650,000


Warrants Thomas, Trevor 5 08/02/2008 00


Warrants Thomas, Trevor 5 31/12/2014 11 0.431 10,000 10,000

Northern Frontier Corp. (formerly Frontier Acquisition Corp.)

Common Shares Balderston, Monty 5 30/12/2014 97 62,300 12,000


Restricted Share Units Balderston, Monty 5 12/09/2013 00


Restricted Share Units Balderston, Monty 5 30/12/2014 97 12,000


Restricted Share Units Balderston, Monty 5 30/12/2014 97 12,000 12,000









Insider Reporting

January 15, 2015

(2015), 38 OSCB 473



Acquired/ Disposed


Restricted Share Units Balderston, Monty 5 30/12/2014 38 24,000 -12,000


Common Shares Yellowega, Chris 4, 5 30/12/2014 97 84,484 24,000


Common Shares Yellowega, Chris 4, 5 08/01/2015 10 0.435 87,984 3,500


Common Shares Yellowega, Chris 4, 5 08/01/2015 10 0.44 92,484 4,500


Common Shares Yellowega, Chris 4, 5 09/01/2015 10 0.41 92,984 500


Restricted Share Units Yellowega, Chris 4, 5 12/09/2013 00


Restricted Share Units Yellowega, Chris 4, 5 30/12/2014 97 24,000 24,000






Restricted Share Units Yellowega, Chris 4, 5 30/12/2014 38 48,000 -24,000

Northern Graphite Corporation

Options Chmelauskas, Jay 4 09/01/2015 50 0.7 375,000 100,000

Northland Power Inc. Deferred Share Units (DSU)

Gilmour, Barry Kenneth 4 31/12/2014 56 14.61 3,737 1,763


Goodman, Russell Andrew 4 31/12/2014 56 14.61 1,517 698


Harder, Vernon Peter 4 31/12/2014 56 14.61 16,748 2,114


Turner, John, Napier 4 31/12/2014 56 14.61 4,548 513

NorthWest Healthcare Properties Real Estate Investment Trust

Deferred Units Barkin, Martin 4 31/12/2014 56 8.66 18,900 1,039


Deferred Units Baron, Robert 4 31/12/2014 56 8.66 28,160 1,732


Deferred Units Crotty, Bernard W. 4 31/12/2014 56 8.66 28,160 1,732


Deferred Units Dalla Lana, Paul 4, 5 31/12/2014 56 8.66 23,055 1,732


Deferred Units Loudon, Colin 4 08/12/2014 00


Deferred Units Loudon, Colin 4 31/12/2014 56 8.66 452 452


Deferred Units Petersen, Brian Kenneth 4 31/12/2014 56 8.66 2,174 1,619

NorthWest International Healthcare Properties Real Estate Investment Trust

Deferred Units Baron, Robert 4 31/12/2014 46 134,671 11,084


Trust Units Dalla Lana, Paul 4, 5 06/01/2015 11 2.03 10,892,319 143,538


Deferred Units Naylor, Christopher David (David)

4 31/12/2014 46 38,900 11,084

Insider Reporting

January 15, 2015

(2015), 38 OSCB 474



Acquired/ Disposed

NOVAGOLD RESOURCES INC.

Common Shares DEISLEY, DAVID LEE 5 08/10/2014 30 2.85 204,459 480












Common Shares HENNESSEY, MELANIE 5 08/10/2014 30 3.19 36,637 280














Common Shares Lang, Gregory Anthony 5 08/10/2014 30 2.85 294,314 762














Options McConnell, Gerald James 4 05/12/2012 50 4.38 773,696 130,050


Common Shares Ottewell, David 5 08/10/2014 30 2.85 105,687 374












Common Shares Rimelman, Ronald 5 08/10/2014 30 2.85 96











Insider Reporting

January 15, 2015

(2015), 38 OSCB 475



Acquired/ Disposed






Common Shares Rimelman, Ronald 5 08/10/2014 30 2.85 3,956 275










































Common Shares Williams, Richard 5 08/10/2014 30 2.85 43,171 288












Common Shares Williams, Richard 5 22/12/2014 30 2.82 5



Nuvo Research Inc. Common Shares Chicoine, Daniel 4 31/12/2014 57 155,156 3,145

Nuvo Research Inc. Deferred Share Unit Plan (DSU)

Chicoine, Daniel 4 31/12/2014 56 100,954 7,829

Nuvo Research Inc. Performance Stock Units (PSU)

Chicoine, Daniel 4 31/12/2014 57 1 -3,145

Insider Reporting

January 15, 2015

(2015), 38 OSCB 476



Acquired/ Disposed


Chicoine, Daniel 4 31/12/2014 97 0 -1

Nuvo Research Inc. Share Appreciation Rights Plan (SAR)

Chicoine, Daniel 4 01/01/2015 57 7 151,096 -107,087


Chicoine, Daniel 4 07/01/2015 56 219,868 68,772


Copeland, David A. 4 31/12/2014 56 42,422 1,100


Dobranowski, Anthony Edward

4 31/12/2014 56 39,736 884

Nuvo Research Inc. Common Shares Guntermann, Henrich R.K. 4 31/12/2014 57 15,017 1,373


Guntermann, Henrich R.K. 4 31/12/2014 57 1 -1,373


Guntermann, Henrich R.K. 4 31/12/2014 97 0 -1


Guntermann, Henrich R.K. 4 01/01/2015 57 7 79,073 -55,668


Guntermann, Henrich R.K. 4 07/01/2015 56 115,351 36,278

Nuvo Research Inc. Common Shares Lemieux, Stephen 8 31/12/2014 57 21,151 1,301


Lemieux, Stephen 8 31/12/2014 57 1 -1,301


Lemieux, Stephen 8 31/12/2014 97 0 -1


Lemieux, Stephen 8 01/01/2015 57 7 92,919 -47,879


Lemieux, Stephen 8 01/01/2015 57 7 80,409 -12,510


Lemieux, Stephen 8 07/01/2015 56 119,191 38,782


Lindeiner, Klaus 4 31/12/2014 56 39,282 884

Nuvo Research Inc. Common Shares London, John 4 31/12/2014 57 87,786 3,145


London, John 4 31/12/2014 56 100,954 7,829


London, John 4 31/12/2014 57 1 -3,145


London, John 4 31/12/2014 97 0 -1


London, John 4 01/01/2015 57 7 151,096 -107,087


London, John 4 07/01/2015 56 219,868 68,772

Nuvo Research Inc. Common Shares Loucaides, Katina 8 31/12/2014 57 17,505 515

Nuvo Research Inc. Common Shares Loucaides, Katina 8 02/01/2015 10 7.21 11,005 -6,500

Nuvo Research Inc. Common Shares Loucaides, Katina 8 05/01/2015 10 7.21 9,070 -1,935


Loucaides, Katina 8 31/12/2014 57 2 -515


Loucaides, Katina 8 31/12/2014 97 0 -2


Loucaides, Katina 8 01/01/2015 57 7 84,880 -41,503


Loucaides, Katina 8 01/01/2015 57 7 74,036 -10,844


Loucaides, Katina 8 07/01/2015 56 107,654 33,618


Messier, Jacques 4 31/12/2014 56 38,758 848


Stanley, Theodore H. 4 31/12/2014 56 33,582 740

NYX Gaming Group Limited Options Lanthier, James Andre Charles

4 30/12/2014 00 35,000

Oando Energy Resources Inc. (formerly Exile Resources Inc.)

Warrants Adeyemo, Olufemi 6 24/07/2012 00

Insider Reporting

January 15, 2015

(2015), 38 OSCB 477



Acquired/ Disposed


Warrants Adeyemo, Olufemi 6 31/12/2014 16 100 100


Warrants Akindele, Tokunboh 5 24/07/2012 00


Warrants Akindele, Tokunboh 5 31/12/2014 16 100 100


Warrants Boyo, Omamofe 4 24/07/2012 00


Warrants Boyo, Omamofe 4 31/12/2014 16 100 100


Warrants DUROTOYE, OLAPADE 4 24/07/2012 00


Warrants DUROTOYE, OLAPADE 4 31/12/2014 16 100 100


Warrants Jagun, Ayotola Olubunmi 6 05/03/2013 00


Warrants Jagun, Ayotola Olubunmi 6 31/12/2014 16 100 100


Warrants Oando Plc 3 31/12/2014 16 325,382,569 -10,300


Warrants Ogunsemi, Adeola 5 24/07/2012 00


Warrants Ogunsemi, Adeola 5 31/12/2014 16 100 100


Warrants Osunsanya, Mobolaji Olatunbosun

6 24/07/2012 00


Warrants Osunsanya, Mobolaji Olatunbosun

6 31/12/2014 16 100 100


Warrants Tinubu, Jubril Adewale 4 24/07/2012 00


Warrants Tinubu, Jubril Adewale 4 31/12/2014 16 100 100

Oil Sands Sector Fund Trust Units Oil Sands Sector Fund 1 08/12/2014 38 5.25 500 500

Oil Sands Sector Fund Trust Units Oil Sands Sector Fund 1 08/12/2014 38 5.25 0 -500

Oncolytics Biotech Inc. Common Shares Holtham, Angela Frances 4 31/12/2014 10 0.6365 10,000 10,000

Oncolytics Biotech Inc. Common Shares Look, Kirk 5 09/01/2015 10 0.52 38,700 10,000

ONEX CORPORATION Subordinate Voting Shares

Donaldson, Christine Maria 5 06/01/2015 10 66.296 26,357 92


Duncanson, Timothy Andrew Robert

5 06/01/2015 10 66.296 207,753 917


Govan, Christopher Allan 5 06/01/2015 10 66.296 133,681 359


Hirsch, David Robert 7 06/01/2015 10 66.296 31,144 330


Lewtas, Donald William 5 06/01/2015 10 66.296 72,503 452


Mansell, David John 5 06/01/2015 10 66.296 19,487 404


Mersky, Seth Mitchell 5 06/01/2015 10 66.296 423,703 1,423


Munk, Anthony 7 06/01/2015 10 66.296 578,662 1,262

Insider Reporting

January 15, 2015

(2015), 38 OSCB 478



Acquired/ Disposed


Popatia, Tawfiq 5 06/01/2015 10 66.296 649 147


Srivastava, Manish Kumar 5 06/01/2015 10 66.296 2,093 70


Wright, Nigel Stewart 7 06/01/2015 10 66.296 297,885 1,174

Open Source Health Inc. Options Satveit, Sonya 4 02/01/2015 51 0.15 91,500 -5,000

Opsens Inc. Common Shares Laflamme, Louis 5 02/01/2015 36 25,000

Opsens Inc. Common Shares Laflamme, Louis 5 02/01/2015 90 166,000 25,000

Pacific & Western Bank of Canada

Common Shares 340268 Ontario Limited 3 31/12/2014 16 290,059 7,637








Preferred Shares Series 1 Conley, Brian 5 23/12/2014 10 10.276 0 -100


Common Shares George, Patrick 6 31/12/2014 16 64,923 32,925


Common Shares George, Patrick 6 31/12/2014 16 46,259 7,637


Common Shares George, Patrick 6 31/12/2014 16 858 435


Common Shares Hillier, Arnold Edward 4 31/12/2014 16 17,399 1,328


Common Shares Hillier, Arnold Edward 4 31/12/2014 16 1,189 603


Common Shares Mitchell, William T. 6 31/12/2014 16 752 381


Common Shares Mitchell, William T. 6 31/12/2014 16 496


Common Shares Mitchell, William T. 6 31/12/2014 16 4,128 572


Common Shares Oliver, Paul G. 4, 6 31/12/2014 16 4,700 152


Common Shares Taylor, Jonathan Francis Patrick

5 31/12/2014 16 89 45



5 31/12/2014 16 150 76

Painted Pony Petroleum Ltd. Common Shares Fleming, Tonya Louise 5 31/12/2014 30 9.3375 47,998 393

Painted Pony Petroleum Ltd. Common Shares Hall, Bruce 5 31/12/2014 30 9.3375 53,811 403

Painted Pony Petroleum Ltd. Common Shares Hanbury, Edwin Stewart 5 31/12/2014 30 9.3375 65,761 478

Painted Pony Petroleum Ltd. Common Shares Jaggard, Stuart 1 31/12/2014 30 9.3375 12,621 393

Painted Pony Petroleum Ltd. Common Shares McNamara, Leo Barry 5 31/12/2014 30 9.3375 85,348 602

Painted Pony Petroleum Ltd. Common Shares REIMER, JAMES D. 5 31/12/2014 30 9.3375 37,050 595

Painted Pony Petroleum Ltd. Common Shares Van de Pol, John 5 31/12/2014 30 9.3375 89,400 523

Painted Pony Petroleum Ltd. Common Shares Ward, Patrick Russell 4, 5 31/12/2014 30 9.3375 988,743 650

Pan American Silver Corp. Options Burns, Geoffrey Alan 5 04/01/2015 52 25.19 95,142 -31,653

Pan American Silver Corp. Options Busby, Steven 5 04/01/2015 52 25.19 176,452 -22,342

Pan American Silver Corp. Options Couturier, Ignacio Llerena 5 04/01/2015 52 25.19 30,398 -3,376

Pan American Silver Corp. Options Dasso, Andres Antonio 5 04/01/2015 52 25.19 14,184 -17,893

Pan American Silver Corp. Options Doyle, Alun Robert 5 04/01/2015 52 25.19 71,047 -14,771

Pan American Silver Corp. Options Fisher, Delaney Joseph 5 04/01/2015 52 25.19 6,202 -3,627

Pan American Silver Corp. Options Greer, Georges 5 04/01/2015 52 25.19 48,162 -5,745

Pan American Silver Corp. Options McAleer, Sean 5 04/01/2015 52 25.19 58,801 -8,484

Pan American Silver Corp. Options Pirooz, Robert Pirooz 5 04/01/2015 52 25.19 62,378 -14,574

Pan American Silver Corp. Options Steinmann, Michael 5 04/01/2015 52 25.19 151,131 -22,052

Pan American Silver Corp. Options Vincent, Wayne 5 04/01/2015 52 25.19 16,384 -5,803

Pan American Silver Corp. Options Wafforn, Martin 5 04/01/2015 52 25.19 58,061 -8,124

Parallel Energy Trust Trust Units Sykes, Henry William 4 02/01/2015 10 0.785 160,207 10,000

Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 05/01/2015 10 23.89 63,728 -1,900

Insider Reporting

January 15, 2015

(2015), 38 OSCB 479



Acquired/ Disposed



Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 05/01/2015 10 23.89 1,401,228 -40,000


Paramount Resources Ltd. Common Shares Class A Knott, David M. 4 07/01/2015 10 20.82 61,001 4,000

Paramount Resources Ltd. Common Shares Class A Knott, David M. 4 05/01/2015 10 23.499 400,000 15,000

Parkland Fuel Corporation Common Shares Cruickshank, Andrew Stuart 5 30/12/2014 30 21.8 906 106

Parkland Fuel Corporation Common Shares Espey, Robert Berthold 5 30/12/2014 30 21.8 96,034 217

Parkland Fuel Corporation Common Shares Fink, Bob 5 30/12/2014 30 21.8 12,647 112

Parkland Fuel Corporation Common Shares Kilty, Colin Peter 5 30/12/2014 30 21.8 5,522 133

Parkland Fuel Corporation Common Shares Lapensee, Paul 4 30/12/2014 30 21.8 1,689 138

Parkland Fuel Corporation Common Shares McMillan, Michael Stanley Howie

5 30/12/2014 30 21.8 3,921 104

Parkland Fuel Corporation Common Shares Rawji, Irfhan Abdulaziz 5 30/12/2014 30 21.8 3,639 142

Parkland Fuel Corporation Deferred Share Unit Plan ROGERS, Ronald D. 4 31/12/2014 30 21.62 29,507 971

Parkland Fuel Corporation Common Shares Savage, Jane Elizabeth 5 30/12/2014 30 21.8 491 113

Parkland Fuel Corporation Common Shares Strating, Donna Jeanne 5 30/12/2014 30 21.8 5,093 126

Partners Real Estate Investment Trust

Units Tawse, Moray 3 06/01/2015 10 3.6 1,067,015 300


Units Tawse, Moray 3 07/01/2015 10 3.6 1,068,415 1,400


Units Tawse, Moray 3 08/01/2015 10 3.63 1,071,015 2,600


Units Tawse, Moray 3 30/12/2014 10 3.67 30,000 25,000




Units Tawse, Moray 3 30/12/2014 10 3.67 81,032 400


Units Tawse, Moray 3 31/12/2014 10 3.67 81,732 700





Pathfinder Income Fund (Formerly Pathfinder Convertible Debenture Fund)

Trust Units Pathfinder Convertible Debenture Fund

1 05/01/2015 38 10.18 7,087,303 400

Pathfinder Income Fund (Formerly Pathfinder Convertible Debenture Fund)

Trust Units Pathfinder Convertible Debenture Fund

1 07/01/2015 10 10.2 7,082,303 -5,000

Pembina Pipeline Corporation

Common Shares Charlesworth, Allan 5 19/11/2014 10 43.31 600 600

Peregrine Diamonds Ltd. Options Boyd, Robert T. 4 09/01/2015 38 420,000 -255,000



Peregrine Diamonds Ltd. Options Boyd, Robert T. 4 09/01/2015 38 0 -200,000

Peregrine Diamonds Ltd. Options Carter, Alan 4, 5 09/01/2015 38 0.92 300,000 -325,000



Peregrine Diamonds Ltd. Options Carter, Alan 4, 5 09/01/2015 38 0.5 0 -150,000

Peregrine Diamonds Ltd. Options Clements, Brooke P. 5 09/01/2015 38 1 895,000 -300,000

Peregrine Diamonds Ltd. Options Clements, Brooke P. 5 09/01/2015 38 0.6 595,000 -300,000



Peregrine Diamonds Ltd. Options Cohen, Richard 4 09/01/2015 38 0.6 250,000 -375,000

Peregrine Diamonds Ltd. Options Cohen, Richard 4 09/01/2015 38 0.85 150,000 -100,000

Peregrine Diamonds Ltd. Options Cohen, Richard 4 09/01/2015 38 0.5 0 -150,000

Peregrine Diamonds Ltd. Options Downing, Beverly 5 09/01/2015 38 0.6 100,000 -50,000



Peregrine Diamonds Ltd. Options Downing, Beverly 5 09/01/2015 38 0.5 0 -30,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 480



Acquired/ Disposed

Peregrine Diamonds Ltd. Options Friedland, Eric 3, 4, 5 09/01/2015 38 0.92 2,300,000




Peregrine Diamonds Ltd. Options Friedland, Eric 3, 4, 5 09/01/2015 38 0.92 9,100,000 -2,300,000





Peregrine Diamonds Ltd. Options Goldstein, Myron 4 09/01/2015 38 0.6 250,000 -100,000

Peregrine Diamonds Ltd. Options Goldstein, Myron 4 09/01/2015 38 0.85 150,000 -100,000

Peregrine Diamonds Ltd. Options Goldstein, Myron 4 09/01/2015 38 0.5 0 -150,000

Peregrine Diamonds Ltd. Options Keep, Gordon 4 09/01/2015 38 550,000 -150,000



Peregrine Diamonds Ltd. Common Shares Meredith, Peter 4 30/12/2014 11 0.21 282,443 100,000

Peregrine Diamonds Ltd. Options Meredith, Peter 4 09/01/2015 38 0.59 0 -400,000

Peregrine Diamonds Ltd. Options Pell, Jennifer 5 09/01/2015 38 0.6 180,000 -75,000



Peregrine Diamonds Ltd. Options Peregoodoff, Thomas 5 09/01/2015 38 1 1,050,000 -150,000

Peregrine Diamonds Ltd. Options Peregoodoff, Thomas 5 09/01/2015 38 0.85 1,000,000 -50,000

Peregrine Diamonds Ltd. Options Peregoodoff, Thomas 5 09/01/2015 38 0.5 0 -1,000,000

Peregrine Diamonds Ltd. Options Poznanski, Bernard 5 09/01/2015 38 100,000 -150,000

Peregrine Diamonds Ltd. Options Poznanski, Bernard 5 09/01/2015 38 0 -100,000

Peregrine Diamonds Ltd. Options Shenton, Greg 5 09/01/2015 38 0.42 1,133,500 -100,000

Peregrine Diamonds Ltd. Options Shenton, Greg 5 09/01/2015 38 0.6 683,500 -450,000



Perpetual Energy Inc. 7.00% Convertible Unsecured Junior Subordinated Debentures

Green, Jeff 5 31/12/2014 38 1.035 $9,000 -$7,000


Green, Jeff 5 31/12/2014 38 1.035 $14,000 -$10,000


Riddell Rose, Susan 4, 5 31/12/2014 38 1.035 $67,000 -$48,000










Riddell, Clayton H. 3, 4 31/12/2014 38 1.035 $699,000 -$501,000

Perpetual Energy Inc. Common Shares Riddell, Clayton H. 3, 4 06/01/2015 10 0.9986 100,000 67,000

Petrolympic Ltd. Common Shares Ekstein, Brocha 3 30/12/2014 10 0.292 15,021,107 3,500




PetroMaroc Corporation plc (formerly Longreach Oil and Gas Limited)

Common Shares Dundee Corporation 3 01/01/2015 97 1,184,658

Insider Reporting

January 15, 2015

(2015), 38 OSCB 481



Acquired/ Disposed

PetroMaroc Corporation plc (formerly Longreach Oil and Gas Limited)

Common Shares Dundee Corporation 3 01/01/2015 97 1,184,658

Peyto Exploration & Development Corp.

Common Shares Burdick, Todd 5 01/01/2015 00 200


Common Shares Burdick, Todd 5 07/01/2015 10 30.8 800 600


Common Shares Burdick, Todd 5 07/01/2015 11 33.3 9,490 8,690


Share Appreciation Rights (cash-based only)

Burdick, Todd 5 01/01/2015 00 110,334



Burdick, Todd 5 07/01/2015 56 153,668 43,334



Burdick, Todd 5 07/01/2015 56 197,001 43,333



Burdick, Todd 5 07/01/2015 56 240,334 43,333


Common Shares Curran, Lee Russell 5 07/01/2015 11 33.3 54,945 11,470



Curran, Lee Russell 5 01/01/2015 00 141,667



Curran, Lee Russell 5 07/01/2015 56 195,001 53,334








Common Shares Gee, Darren 5 07/01/2015 11 33.3 1,878,559 25,140



Gee, Darren 5 07/01/2015 58 - Expiration of rights

510,000 -71,668



Gee, Darren 5 07/01/2015 59 420,000 -90,000



Gee, Darren 5 07/01/2015 59 320,000 -100,000



Gee, Darren 5 07/01/2015 56 430,000 110,000



Gee, Darren 5 07/01/2015 56 540,000 110,000



Gee, Darren 5 07/01/2015 56 650,000 110,000


Common Shares Lachance, Jean-Paul Henri 5 07/01/2015 11 33.3 48,480 11,200



Lachance, Jean-Paul Henri 5 07/01/2015 58 - Expiration of rights

270,669 -36,666



Lachance, Jean-Paul Henri 5 07/01/2015 59 220,336 -50,333



Lachance, Jean-Paul Henri 5 07/01/2015 59 163,669 -56,667



Lachance, Jean-Paul Henri 5 07/01/2015 56 227,003 63,334








Common Shares Louie, Timothy 5 07/01/2015 11 33.3 23,350 9,300



Louie, Timothy 5 07/01/2015 58 - Expiration of rights

181,334 -36,666



Louie, Timothy 5 07/01/2015 59 145,667 -35,667



Louie, Timothy 5 07/01/2015 59 109,000 -36,667



Louie, Timothy 5 07/01/2015 56 145,667 36,667



Louie, Timothy 5 07/01/2015 56 182,334 36,667

Insider Reporting

January 15, 2015

(2015), 38 OSCB 482



Acquired/ Disposed



Louie, Timothy 5 07/01/2015 56 219,000 36,666


Common Shares Robinson, Scott 5 07/01/2015 11 33.3 459,607 22,610



Robinson, Scott 5 07/01/2015 58 - Expiration of rights

450,000 -65,000



Robinson, Scott 5 07/01/2015 59 360,000 -90,000



Robinson, Scott 5 07/01/2015 59 270,000 -90,000



Robinson, Scott 5 07/01/2015 56 370,000 100,000



Robinson, Scott 5 07/01/2015 56 470,000 100,000



Robinson, Scott 5 07/01/2015 56 570,000 100,000


Common Shares Thomas, David Alan 5 07/01/2015 11 33.3 188,930 15,450



Thomas, David Alan 5 07/01/2015 58 - Expiration of rights

300,000 -53,334



Thomas, David Alan 5 07/01/2015 59 240,000 -60,000



Thomas, David Alan 5 07/01/2015 59 180,000 -60,000



Thomas, David Alan 5 07/01/2015 56 253,334 73,334








Common Shares Turgeon, Kathy 5 07/01/2015 11 33.3 93,210 10,300



Turgeon, Kathy 5 07/01/2015 58 - Expiration of rights

243,335 -41,666



Turgeon, Kathy 5 07/01/2015 59 207,668 -35,667



Turgeon, Kathy 5 07/01/2015 59 157,668 -50,000



Turgeon, Kathy 5 07/01/2015 56 207,668 50,000



Turgeon, Kathy 5 07/01/2015 56 257,668 50,000



Turgeon, Kathy 5 07/01/2015 56 307,668 50,000

Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 11/12/2014 38 0.29 485,510 21,500








Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 31/12/2014 38 0 -446,000

PHX Energy Services Corp. Retention Awards (Cash-based Only)

Ritchie, Cameron Michael 5 02/01/2015 57 7.56 54,747 -3,755





PHX Energy Services Corp. Common Shares Tetreault, Myron Arthur 4 06/01/2015 10 6.65 3,000 2,100

Pilot Gold Inc. Warrants Holmes, Alexander 5 01/11/2014 55 0 -6,000

Pilot Gold Inc. Warrants Pease, Robert 4 01/11/2012 55 -10,000

Pilot Gold Inc. Warrants Pease, Robert 4 01/11/2012 55 0 -10,000

Pilot Gold Inc. Warrants REID, PATRICK GORDON 5 01/11/2014 55 0 -2,250

Pilot Gold Inc. Warrants REID, PATRICK GORDON 5 01/11/2014 55 0 -2,250

Insider Reporting

January 15, 2015

(2015), 38 OSCB 483



Acquired/ Disposed

Pilot Gold Inc. Common Shares Wenger, John Eric 5 29/12/2014 10 0.83 70,780 2,000

Pilot Gold Inc. Common Shares Wenger, John Eric 5 31/12/2014 10 0.88 71,480 700

Pioneering Technology Corp. Common Shares Comber, Peter Laird 4 08/01/2015 10 0.17 638,370 -4,000

Platinum Communications Corporation

Common Shares Curtis, Derek Allan 5 17/06/2014 00


Common Shares Curtis, Derek Allan 5 31/12/2014 30 0.1158 77,723 77,723


Common Shares Parkinson, Bernard 5 02/01/2015 30 0.1336 185,690 149,731

Plaza Retail REIT Trust Units Brewer, Earl 4, 5 08/01/2015 10 4.1 2,209,245 19,900

Points International Ltd. Common Shares Croxon, David Bruce 4 31/12/2014 10 15.75 21,838 4,800

Points International Ltd. Common Shares Croxon, David Bruce 4 31/12/2014 10 15.7 21,938 100

Points International Ltd. Common Shares Croxon, David Bruce 4 31/12/2014 10 15.69 22,038 100

Polaris Materials Corporation (formerly Polaris Minerals Corporation)

Common Shares Romero, Marco Antonio 4, 5 06/01/2015 10 2.23 42,875 -3,000

Polymet Mining Corp. Common Shares Cherry, Jonathan 4 05/01/2015 46 1.07 664,095 151,875

Polymet Mining Corp. Options Cherry, Jonathan 4 05/01/2015 50 1.07 3,564,000 502,000

Polymet Mining Corp. RSU's Cherry, Jonathan 4 05/01/2015 46 438,978 151,875

Polymet Mining Corp. RSU's Daley, Matthew 4 09/07/2014 00

Polymet Mining Corp. RSU's Daley, Matthew 4 05/01/2015 46 23,809 23,809

Polymet Mining Corp. RSU's Dreisinger, David Bruce 4 05/01/2015 56 53,571 23,809

Polymet Mining Corp. RSU's Forrest, Walter Ian Logan 4 05/01/2015 46 53,571 23,809

Polymet Mining Corp. RSU's Hodnik, Alan 4 05/01/2015 46 53,571 23,809

Polymet Mining Corp. Common Shares Hunter, Stephanie 5 05/01/2015 46 21,851 8,225

Polymet Mining Corp. Options Hunter, Stephanie 5 05/01/2015 50 1.07 234,000 54,000

Polymet Mining Corp. Common Shares Moore, Bradley 5 05/01/2015 10 1.09 84,294 -20,000

Polymet Mining Corp. Common Shares Moore, Bradley 5 05/01/2015 46 126,199 41,905

Polymet Mining Corp. Options Moore, Bradley 5 05/01/2015 50 1.07 698,000 138,000

Polymet Mining Corp. RSU's Moore, Bradley 5 05/01/2015 46 97,625 41,905

Polymet Mining Corp. RSU's Murray, William 4 05/01/2015 46 93,825 23,809

Polymet Mining Corp. Common Shares Newby, Douglas John 5 05/01/2015 46 323,750 64,464

Polymet Mining Corp. Common Shares Newby, Douglas John 5 05/01/2015 10 1.09 135,000 -5,000




Polymet Mining Corp. Options Newby, Douglas John 5 05/01/2015 50 1.07 1,332,000 213,000

Polymet Mining Corp. RSU's Newby, Douglas John 5 05/01/2015 46 185,803 64,464

Polymet Mining Corp. RSU's Rowland, Stephen Allen 4 05/01/2015 46 53,571 23,809

Polymet Mining Corp. RSU's Sill, Michael Mitchell 4 05/01/2015 46 53,571 23,809

Polymet Mining Corp. Common Shares Vogt, Ryan 5 05/01/2015 50 1.07 72,000

Polymet Mining Corp. Common Shares Vogt, Ryan 5 05/01/2015 50 1.07 72,000

Polymet Mining Corp. Common Shares Vogt, Ryan 5 05/01/2015 46 92,679 21,905

Polymet Mining Corp. Options Vogt, Ryan 5 05/01/2015 50 1.07 307,000 72,000

Polymet Mining Corp. RSU's Vogt, Ryan 5 05/01/2015 46 51,667 21,905

Potash Corporation of Saskatchewan Inc.


Burley, Christopher Michael 4 04/11/2014 56 37.03 8,401 84



Burley, Christopher Michael 4 31/12/2014 56 41.07 8,789 388



CHYNOWETH, Donald 4 04/11/2014 56 37.03 6,767 63



CHYNOWETH, Donald 4 31/12/2014 56 41.07 7,491 724



Estey, John W. 4 04/11/2014 56 32.44 83,913 878



Estey, John W. 4 31/12/2014 56 35.32 84,692 779



Grandey, Gerald Wayne 4 04/11/2014 56 37.03 16,487 157



Grandey, Gerald Wayne 4 31/12/2014 56 41.07 17,934 1,447

Insider Reporting

January 15, 2015

(2015), 38 OSCB 484



Acquired/ Disposed



Hoffman, C. Steven 4 04/11/2014 56 32.44 31,437 316



Hoffman, C. Steven 4 31/12/2014 56 35.32 32,994 1,557



Howe, Dallas J. 4 04/11/2014 56 37.03 120,866 1,262



Laberge, Alice D. 4 04/11/2014 56 37.03 62,985 652



Laberge, Alice D. 4 31/12/2014 56 41.07 63,492 507



Madere, Consuelo 4 04/11/2014 56 32.44 2,779 15



Madere, Consuelo 4 31/12/2014 56 35.32 4,157 1,378



Martell, Keith 4 04/11/2014 56 37.03 23,431 241



Martell, Keith 4 31/12/2014 56 41.07 23,819 388



McCaig, Jeffrey James 4 04/11/2014 56 37.03 113,214 1,166



McCaig, Jeffrey James 4 31/12/2014 56 41.07 114,661 1,447



Mogford, Mary 4 04/11/2014 56 37.03 90,549 945



Viyella de Paliza, Elena 4 04/11/2014 56 32.44 48,941 517

Powder Mountain Energy Ltd.

Common Shares Tiberio, Daniel 4 01/01/2015 11 95,028 -10,500


Common Shares Tiberio, Daniel 4 06/01/2015 11 30,028 -65,000


Common Shares Tiberio, Daniel 4 16/06/2014 00


Common Shares Tiberio, Daniel 4 01/01/2015 11 10,500 10,500


Common Shares Tiberio, Daniel 4 06/01/2015 11 284,558 65,000

Power Corporation of Canada

Deferred Share Units Beaudoin, Pierre 4 31/12/2014 56 31.749 41,804 1,260


Deferred Share Units Coutu, Marcel R. 4 31/12/2014 56 31.764 19,768 1,294


Deferred Share Units Desmarais, André 4, 5 31/12/2014 56 31.739 66,501 1,484


Deferred Share Units Desmarais, Paul Jr. 4, 5 31/12/2014 56 31.741 46,171 1,094


Deferred Share Units Desmarais, Paul Jr. 4, 5 05/01/2015 56 31.741 1,094


Deferred Share Units Desmarais, Paul Jr. 4, 5 05/01/2015 56 31.741 1,094


Deferred Share Units Graham, Anthony R. 4 31/12/2014 56 31.747 51,707 1,444


Deferred Share Units Jackson, John David Allan 4 31/12/2014 56 31.771 4,081 551


Deferred Share Units Marcoux, Isabelle 4 31/12/2014 56 31.762 23,660 1,322


Deferred Share Units McFeetors, Raymond Lindsay

7 30/09/2014 56 31.28 202



7 30/09/2014 35 31.28 21,943 202



7 31/12/2014 35 31.684 22,144 201


Deferred Share Units Orr, Robert Jeffrey 4 31/12/2014 56 31.748 42,553 1,228


Deferred Share Units Plessis-Bélair, Michel 5 31/12/2014 56 31.684 24,869 226


Subordinate Voting Shares

Plessis-Bélair, Michel 5 07/01/2015 10 31 231,426 -9,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 485



Acquired/ Disposed


Equity Forward Contract Power Corporation of Canada

1 31/12/2014 70 31.684 27 1


Equity Swap - Long Position PCC 2014-05


1 31/12/2014 70 31.72 4 1


Equity Swap - Long Position PCC1


1 31/12/2014 70 31.72 7 1


Deferred Share Units Rae, John Alain 5 31/12/2014 56 31.684 22,672 206


Deferred Share Units Rousseau, Henri-Paul 5 31/12/2014 56 31.684 7,263 66


Deferred Share Units Ryan, Thomas Timothy, Jr. 4, 7 31/12/2014 56 31.684 118 118


Deferred Share Units Ryan, Thomas Timothy, Jr. 4, 7 05/01/2015 59 0 -118


Deferred Share Units Szathmary, Emoke Jolan Erzsebet

4 31/12/2014 56 31.735 34,882 706

Power Financial Corporation Deferred Share Units Bibeau, Marc A. 4 31/12/2014 56 35.367 27,836 1,126

Power Financial Corporation Deferred Share Units Desmarais, André 4, 5 31/12/2014 56 34.654 64,043 1,519

Power Financial Corporation Deferred Share Units Desmarais, Paul Jr. 4, 6, 5 31/12/2014 56 34.619 44,045 1,024

Power Financial Corporation Deferred Share Units Frère, Gérald 4 31/12/2014 56 34.224 40,859 775

Power Financial Corporation Deferred Share Units Graham, Anthony R. 4 31/12/2014 56 34.885 42,682 1,169

Power Financial Corporation Deferred Share Units Harder, Vernon Peter 4 31/12/2014 56 35.368 30,965 1,256

Power Financial Corporation Deferred Share Units Jackson, John David Allan 4 31/12/2014 56 36.064 3,275 430

Power Financial Corporation Deferred Share Units McFeetors, Raymond Lindsay

7 30/09/2014 56 35.156 202


7 30/09/2014 35 35.156 20,497 202


7 31/12/2014 35 32.54 20,718 221

Power Financial Corporation Deferred Share Units Orr, Robert Jeffrey 4, 6, 7, 5 31/12/2014 56 34.928 41,870 1,181

Power Financial Corporation Deferred Share Units Plessis-Bélair, Michel 5 31/12/2014 56 32.54 24,461 260

Power Financial Corporation Deferred Share Units Rousseau, Henri-Paul 5 31/12/2014 56 32.54 6,800 72

Power Financial Corporation Deferred Share Units roy, louise 4 31/12/2014 56 35.513 20,031 948

Power Financial Corporation Deferred Share Units Royer, Raymond 4 31/12/2014 56 34.628 93,093 2,176

Power Financial Corporation Deferred Share Units Szathmary, Emoke Jolan Erzsebet

4 31/12/2014 56 34.541 29,324 653

Precious Metals Bullion Trust Units Precious Metals Bullion Trust

1 05/12/2014 38 10.55 3,000 3,000


1 05/12/2014 38 10.55 0 -3,000


1 08/12/2014 38 10.49 1,200 1,200


1 08/12/2014 38 10.49 0 -1,200


1 12/12/2014 38 10.72 3,000 3,000


1 12/12/2014 38 10.72 0 -3,000


1 16/12/2014 38 10.44 3,000 3,000


1 16/12/2014 38 10.44 0 -3,000

Precision Drilling Corporation Deferred Share Units - effective January 1, 2012

Gibson, Brian James 4 31/12/2014 46 7.26 42,201 5,700

Precision Drilling Corporation Common Shares Neveu, Kevin A. 4 04/11/2014 10 10,000

Precision Drilling Corporation Common Shares Neveu, Kevin A. 4 04/11/2014 10 8.4499 404,919 10,000

Pretium Resources Inc. Common Shares Quartermain, Robert Allan 4, 5 06/01/2015 10 8.09 2,685,853 -1,500






Prime Meridian Resources Corp.

Common Shares Fretwell, Gordon 5 05/01/2015 10 0.07 14,500 7,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 486



Acquired/ Disposed


Common Shares Fretwell, Gordon 5 06/01/2015 10 0.07 22,500 8,000


Common Shares Leeners, Brian 4 05/01/2015 10 0.07 14,500 7,000


Common Shares Leeners, Brian 4 06/01/2015 10 0.07 22,500 8,000

Primero Mining Corp. Common Shares Demers, David Robert 4 31/12/2014 57 176,067 23,867

Primero Mining Corp. Common Shares Demers, David Robert 4 31/12/2014 10 4.35 163,102 -12,965

Primero Mining Corp. Rights Phantom Share Units

Demers, David Robert 4 31/12/2014 57 21,011 -23,867

Primero Mining Corp. Common Shares Edey, Grant Arnold 4 31/12/2014 57 53,394 9,615


Edey, Grant Arnold 4 31/12/2014 59 30,353 -14,525


Edey, Grant Arnold 4 31/12/2014 57 20,738 -9,615


Hazelton, Rohan 4 31/12/2014 59 9,364 -4,681


Luna, Eduardo 4 31/12/2014 59 21,012 -14,252

Primero Mining Corp. Common Shares marchant, peter bradley 4 31/12/2014 57 18,237 12,632


marchant, peter bradley 4 31/12/2014 57 19,119 -12,362

Primero Mining Corp. Common Shares Nesmith, Wade Donald 4 31/12/2014 57 111,545 35,633


Nesmith, Wade Donald 4 31/12/2014 57 344,193 -35,633


Quartermain, Robert Allan 4 31/12/2014 59 21,011 -23,867


Riley, Michael 4 31/12/2014 59 21,011 -23,867

ProMetic Life Sciences Inc. Common Shares Hakim, Raymond Manuel 4 06/01/2015 10 1.8656 209,000 100,000

ProMetic Life Sciences Inc. Common Shares Pritchard, Bruce 5 06/01/2015 51 0.17 20,000 20,000

ProMetic Life Sciences Inc. Common Shares Pritchard, Bruce 5 06/01/2015 10 1.92 0 -20,000

ProMetic Life Sciences Inc. Common Shares Pritchard, Bruce 5 08/01/2015 51 0.17 30,000 30,000

ProMetic Life Sciences Inc. Common Shares Pritchard, Bruce 5 08/01/2015 10 1.9 0 -30,000

ProMetic Life Sciences Inc. Options Pritchard, Bruce 5 06/01/2015 51 0.17 502,000 -20,000

ProMetic Life Sciences Inc. Options Pritchard, Bruce 5 08/01/2015 51 0.17 472,000 -30,000

Pulse Seismic Inc. Common Shares Pulse Seismic Inc. 1 24/12/2014 38 2.8914 257,900 23,400


Pulse Seismic Inc. Common Shares Pulse Seismic Inc. 1 30/12/2014 38 0 -277,200


Pulse Seismic Inc. Common Shares Pulse Seismic Inc. 1 31/12/2014 38 2.92 17,800 200







Pure Industrial Real Estate Trust

Trust Units Pure Industrial Real Estate Trust

1 06/01/2015 38 4.326 593,900 593,900

Pure Industrial Real Estate Trust

Trust Units Pure Industrial Real Estate Trust

1 06/01/2015 38 0 -593,900

PWC Capital Inc. (formerly Pacific & Western Credit Corp.)

Common Shares Hillier, Arnold Edward 7 31/12/2014 35 51,025 2,407


Common Shares Lalani, Gulamali 7 31/12/2014 35 519 89


Common Shares Litton, Colin Edward 7 31/12/2014 35 19,979 718


Common Shares Mitchell, William T. 4 31/12/2014 35 4,863 898

Insider Reporting

January 15, 2015

(2015), 38 OSCB 487



Acquired/ Disposed


Common Shares Mizzen, Scott Andrew 7 31/12/2014 35 650 269


Convertible Preferred Shares Class B Preferred Shares


1 05/12/2014 38 12.72 1,000 1,000




1 09/12/2014 38 12.5 2,000 1,000




1 11/12/2014 38 12.15 2,800 800




1 12/12/2014 38 11.747 3,100 300




1 12/12/2014 38 300 -2,800




1 15/12/2014 38 11.7 600 300




1 18/12/2014 38 12.487 900 300




1 29/12/2014 38 0 -900


Common Shares Ritchie, Charles Scott 7 31/12/2014 35 101,189 1,077



7 31/12/2014 35 30,542 1,796

QLT Inc. Common Shares Ibbott, William Glen 5 05/01/2015 00

QLT Inc. Options Ibbott, William Glen 5 05/01/2015 00

QLT Inc. Options Ibbott, William Glen 5 06/01/2015 50 100,000 100,000

Questerre Energy Corporation

Common Shares Mandatum Life Insurance Company Limited

3 02/01/2015 10 0.4 28,189,180 -61,680



3 05/01/2015 10 0.39 28,180,439 -8,741



3 07/01/2015 10 0.38 28,178,376 -2,063



3 08/01/2015 10 0.4 28,166,254 -12,122

Radient Technologies Inc. Common Shares HARIHARAN, PRAKASH 4 01/07/2014 00 9,143

Raging River Exploration Inc. Common Shares ROBERTSON, BRUCE 5 05/01/2015 10 6.6593 5,863,780 -182,800

Raging River Exploration Inc. Common Shares ROBERTSON, BRUCE 5 05/01/2015 10 6.6605 5,846,580 -17,200

Range Energy Resources Inc.

Options Bethell, Roger 4 07/01/2015 52 0 -2,000,000

RDX Technologies Corporation

Common Shares Carrigan, Richard 3, 4 10/10/2014 37 1,232,572 -6,162,863

REALnorth Opportunities Fund

Trust Units Blue Heron Holdings Ltd. 5 30/12/2014 00








Trust Units Cockrill, Edward Randall 5 22/12/2014 00


Trust Units Cockrill, Edward Randall 5 30/12/2014 15 1000 25 25


Trust Units Hewett, Mark Edwin 4 22/12/2014 00


Trust Units Hewett, Mark Edwin 4 22/12/2014 00

Insider Reporting

January 15, 2015

(2015), 38 OSCB 488



Acquired/ Disposed


Trust Units Hewett, Mark Edwin 4 22/12/2014 00 150


Trust Units King, Robert William 4 30/12/2014 00 50


Trust Units Redekop, James 4 01/09/2014 00


Trust Units Redekop, James 4 23/12/2014 15 1000 100 100

Red Mile Minerals Corp. Common Shares Hickey, John Vincent 4, 5 07/01/2015 37 498,000 -1,992,000

Red Mile Minerals Corp. Common Shares Hickey, John Vincent 4, 5 07/01/2015 37 20,000 -80,000

Red Mile Minerals Corp. Options Hickey, John Vincent 4, 5 07/01/2015 37 0.1 640,000 -160,000



Red Mile Minerals Corp. Common Shares Sparkes, Kerry Elwyn 4, 5 07/01/2015 37 262,300 -1,049,200

Red Mile Minerals Corp. Options Sparkes, Kerry Elwyn 4, 5 07/01/2015 37 0.1 165,000 -160,000

Red Mile Minerals Corp. Options Sparkes, Kerry Elwyn 4, 5 07/01/2015 37 0.1 65,000 -100,000

Red Mile Minerals Corp. Common Shares Tallman, Peter 4 05/01/2015 37 260,800 -1,043,200

Redhawk Resources, Inc. Common Shares Bastable, Steven Charles 4 05/01/2015 90 4,535,723 1,251,501

Redhawk Resources, Inc. Common Shares Bastable, Steven Charles 4 16/06/2006 00 1,251,501

Redhawk Resources, Inc. Common Shares Bastable, Steven Charles 4 05/01/2015 90 0 -1,251,501

Redhawk Resources, Inc. Common Shares Bastable, Steven Charles 4 05/01/2015 90 0 -1,251,501

Redknee Solutions Inc. Options Charron, David 5 15/12/2014 50 3.5 1,018,168 56,768

Redknee Solutions Inc. Options Kothari, Vishal 5 15/12/2014 50 3.5 817,409 63,076

Redknee Solutions Inc. Options McGrady, Brian Christopher 5 15/12/2014 50 3.5 326,188 26,300

Redknee Solutions Inc. Options Newton-Smith, Christopher Patrick

5 15/12/2014 50 3.5 541,363 13,216

Redknee Solutions Inc. Options Singhal, Nitin 5 15/12/2014 50 3.5 480,782 11,040

Redknee Solutions Inc. Options Skoczkowski, Lucas Atanazy

3, 4, 5 15/12/2014 50 3.5 1,804,601 97,768

Redknee Solutions Inc. Options Smeets, Herman (Roy) 5 15/12/2014 50 3.5 180,365 24,800

RedWater Energy Corp. Common Shares Waters, Gary William 4, 5 29/12/2014 10 0.025 1,584,616 4,000

RedWater Energy Corp. Common Shares Waters, Gary William 4, 5 08/01/2015 10 0.02 1,609,616 25,000

Regal Lifestyle Communities Inc.

Common Shares ELAD Canada Inc. 3 31/12/2014 10 9.14 3,508,126 -2,000


Common Shares ELAD Canada Inc. 3 31/12/2014 10 9.16 3,507,226 -900


Common Shares ELAD Canada Inc. 3 02/01/2015 10 9 3,470,726 -36,500



























Insider Reporting

January 15, 2015

(2015), 38 OSCB 489



Acquired/ Disposed































REIT INDEXPLUS Income Fund

Trust Units REIT INDEXPLUS Income Fund

1 02/01/2015 38 12.04 7,849,678 600

REIT INDEXPLUS Income Fund

Trust Units REIT INDEXPLUS Income Fund

1 05/01/2015 38 12.05 7,850,278 600

Relentless Resources Ltd. Common Shares MacDonald, William Colin 4 07/01/2015 10 0.21 3,303,200 15,500

Relentless Resources Ltd. Common Shares MacDonald, William Colin 4 08/01/2015 10 0.21 3,328,700 25,500

Relentless Resources Ltd. Common Shares Peshke, Ronald John 4 05/01/2015 10 0.205 6,922,762 198,500

RESAAS Services Inc. Options Haddad, Marwan 5 23/12/2014 50 2.35 350,000 65,000

RESAAS Services Inc. Options Rossiter, Thomas 4, 5 23/12/2014 50 2.35 436,750 50,000

RESAAS Services Inc. Options Sissons, Danielle 5 23/12/2014 50 2.35 190,000 100,000

RESAAS Services Inc. Options St. Hilaire, Michael 5 23/12/2014 50 2.35 450,000 50,000

Restaurant Brands International Inc.

Units Restricted Shares Behring, Alexandre 4, 5 31/12/2014 56 95,391 6,174


Units Restricted Shares Franklin, Martin E. 4 12/12/2014 00


Units Restricted Shares Franklin, Martin E. 4 12/12/2014 00 5,277


Units Restricted Shares Franklin, Martin E. 4 31/12/2014 56 8,364 3,087


Units Restricted Shares Fribourg, Paul J 4 31/12/2014 56 46,345 3,087


Units Restricted Shares Parker, Alan 4 31/12/2014 56 11,712 3,087


Units Restricted Shares Sicupira, Carlos Alberto 4 31/12/2014 56 47,695 3,087


Options Thompson Motta, Roberto Moses

4 12/12/2012 00


Options Thompson Motta, Roberto Moses

4 12/12/2014 00 25,627


Units Restricted Shares Thompson Motta, Roberto Moses

4 12/12/2012 00



4 12/12/2014 00 2,175



4 31/12/2014 56 4,747 2,572

Insider Reporting

January 15, 2015

(2015), 38 OSCB 490



Acquired/ Disposed


Units Restricted Shares Van Damme, Alexandre 4 31/12/2014 56 13,747 2,572

Revelo Resources Corp. (formerly Iron Creek Capital Corp.)

Common Shares Brookes, Charles Cannon 4 16/12/2014 00 130,000

Revelo Resources Corp. (formerly Iron Creek Capital Corp.)

Options Brookes, Charles Cannon 4 16/12/2014 00 386,750

Richelieu Hardware Ltd. Common Shares Auclair, Antoine 5 31/12/2014 30 56.913 1,772 30

Richelieu Hardware Ltd. Common Shares Dion, Christian 5 31/12/2014 30 56.913 1,604 7

Richelieu Hardware Ltd. Common Shares Grenier, Guy 5 31/12/2014 30 56.913 9,890 17

Richelieu Hardware Ltd. Common Shares Grenier, Guy 5 31/12/2014 30 56.913 24,182 25

Richelieu Hardware Ltd. Common Shares Lord, Richard 4, 5 31/12/2014 30 56.913 1,399,684 34

Richelieu Hardware Ltd. Common Shares Quevillon, Geneviève 5 31/12/2014 30 56.913 1,548 13

Riley Resources Corp. Common Shares Hilditch, Todd 5 06/01/2015 00 1,000,001

Riley Resources Corp. Options Hilditch, Todd 5 06/01/2015 00

Riley Resources Corp. Options Hilditch, Todd 5 08/01/2015 50 294,000 294,000

Riley Resources Corp. Options Hilditch, Todd 5 09/01/2015 50 294,000

Riley Resources Corp. Common Shares Lamb, William 4 06/01/2015 00 800,000

Riley Resources Corp. Options Lamb, William 4 06/01/2015 00

Riley Resources Corp. Options Lamb, William 4 08/01/2015 50 235,000 235,000

Riley Resources Corp. Options Lamb, William 4 09/01/2015 50 235,000

Riley Resources Corp. Common Shares Laval, Cyndi Dianna 4 06/01/2014 00

Riley Resources Corp. Common Shares Laval, Cyndi Dianna 4 06/01/2014 00

Riley Resources Corp. Common Shares Laval, Cyndi Dianna 4 06/01/2014 00 300,000

Riley Resources Corp. Options Laval, Cyndi Dianna 4 06/01/2014 00 88,000

Riley Resources Corp. Common Shares McKenzie, Bryan Mark Albert

4 06/01/2015 00 300,000

Riley Resources Corp. Options McKenzie, Bryan Mark Albert

4 06/01/2015 00

Riley Resources Corp. Options McKenzie, Bryan Mark Albert

4 08/01/2015 50 88,000 88,000

RIOCAN REAL ESTATE INVESTMENT TRUST

Restricted Equity Units (REUs)

Brooks, Bonnie 4 31/12/2014 30 4,359 225



Copeland, Clare Robert 4 31/12/2014 30 8,923 461



Gelgoot, Raymond Michael 4 31/12/2014 30 8,923 461



Godfrey, Paul Victor 4 31/12/2014 30 26,776 1,386



Lastman, Dale Howard 4 31/12/2014 30 8,923 461



Sallows, Sharon 4 31/12/2014 30 8,923 461



Vanneste, Luc Andre 4 31/12/2014 30 4,321 223



Winograd, Charles 4 31/12/2014 30 8,923 461

Ritchie Bros. Auctioneers Incorporated

Common Shares Holm, Kieran 5 01/01/2015 00 2,865


Options Holm, Kieran 5 01/01/2015 00 32,972


Rights Restricted Share Units

Holm, Kieran 5 01/01/2015 00 3,685

RockBridge Resources Inc. Common Shares Mathiesen, Steve 4, 5 23/12/2014 10 0.03 6,000

RockBridge Resources Inc. Common Shares Mathiesen, Steve 4, 5 23/12/2014 10 0.03 1,415,881 10,000




Rockland Minerals Corp. Common Shares MacQuarrie, Douglas Richard

3 06/01/2015 10 0.06 4,698,000 10,000

Rocky Mountain Dealerships Inc.

Common Shares Ascott, David 5 31/12/2014 30 10,430 2,435

Insider Reporting

January 15, 2015

(2015), 38 OSCB 491



Acquired/ Disposed


Common Shares Beatty, Jonathan William 5 01/01/2015 00 1,650


Options Beatty, Jonathan William 5 01/01/2015 00 24,167


Rights Stock Appreciation Rights

Beatty, Jonathan William 5 01/01/2015 00 50,000


Common Shares Campbell, Matthew Christopher

3, 4, 5 31/12/2014 30 64,368 849


Common Shares Campbell, Matthew Christopher

3, 4, 5 31/12/2014 30 11,058 1,847


Common Shares Ganden, Garrett Andrew Wyatt

5 31/12/2014 30 10,821 2,480


Rights DSU Hoffman, Dennis J. 4 31/12/2014 56 21,681 270


Rights DSU Hoffman, Dennis J. 4 01/01/2015 56 22,681 1,000


Common Shares Liptrot, David 5 01/01/2015 00 4,466


Common Shares Liptrot, David 5 01/01/2015 00 2,184


Options Liptrot, David 5 01/01/2015 00 48,334



Liptrot, David 5 01/01/2015 00 75,000


Rights DSU Mackay, Robert King 4 31/12/2014 56 6,225 78


Rights DSU Mackay, Robert King 4 01/01/2015 56 7,225 1,000


Common Shares Palmer, Jerald 5 31/12/2014 30 3,055 1,004


Rights DSU Priestner, Patrick John 4 31/12/2014 56 21,681 270


Rights DSU Priestner, Patrick John 4 01/01/2015 56 22,681 1,000


Common Shares Stimson, Derek Ian 3, 4, 5 31/12/2014 30 27,253 2,328


Rights DSU Tannas, Scott 4 31/12/2014 56 1,013 13


Rights DSU Tannas, Scott 4 01/01/2015 56 2,013 1,000


Rights DSU Walters, Paul 4 31/12/2014 56 24,264 303


Rights DSU Walters, Paul 4 01/01/2015 56 25,764 1,500


Common Shares Wood, James Randall 5 01/01/2015 00 530


Common Shares Wood, James Randall 5 01/01/2015 00 6,246


Options Wood, James Randall 5 01/01/2015 00 34,000



Wood, James Randall 5 01/01/2015 00 75,000


Rights DSU Zehl, Tracey Lynn 4 11/11/2014 00


Rights DSU Zehl, Tracey Lynn 4 01/01/2015 56 1,000 1,000

Rogers Communications Inc. Deferred Share Units Birchall, Charles William David

4 31/12/2014 56 44,806 621

Rogers Communications Inc. Deferred Share Units Birchall, Charles William David

4 31/12/2014 30 46,619 1,813

Rogers Communications Inc. Deferred Share Units Burch, Stephen A. 4 31/12/2014 30 11,169 434

Rogers Communications Inc. Deferred Share Units Clappison, John 4 31/12/2014 56 25,167 243

Rogers Communications Inc. Deferred Share Units Clappison, John 4 31/12/2014 30 26,189 1,022

Rogers Communications Inc. Deferred Share Units Horn, Alan Douglas 4, 6, 7, 5 31/12/2014 30 42,901 1,699

Rogers Communications Inc. Deferred Share Units Hull, Thomas Ian 4, 6 31/12/2014 30 88,435 3,565

Rogers Communications Inc. Deferred Share Units MacDonald, John A. 4 31/12/2014 56 8,630 280

Insider Reporting

January 15, 2015

(2015), 38 OSCB 492



Acquired/ Disposed

Rogers Communications Inc. Deferred Share Units MacDonald, John A. 4 31/12/2014 30 8,947 317

Rogers Communications Inc. Deferred Share Units Marcoux, Isabelle 4 31/12/2014 56 22,688 334

Rogers Communications Inc. Deferred Share Units Marcoux, Isabelle 4 31/12/2014 30 23,597 909

Rogers Communications Inc. Deferred Share Units Peterson, David Robert 4 31/12/2014 56 81,483 491

Rogers Communications Inc. Deferred Share Units Peterson, David Robert 4 31/12/2014 30 84,855 3,372

Rogers Communications Inc. Deferred Share Units Rogers, Loretta A. 4, 6 31/12/2014 56 466

Rogers Communications Inc. Deferred Share Units Rogers, Loretta A. 4, 6 31/12/2014 56 466

Rogers Communications Inc. Deferred Share Units Rogers, Loretta A. 4, 6 31/12/2014 56 70,045 455

Rogers Communications Inc. Deferred Share Units Rogers, Loretta A. 4, 6 31/12/2014 30 72,937 2,892

Rogers Communications Inc. Deferred Share Units Rogers, Martha 4, 6 31/12/2014 56 24,577 455

Rogers Communications Inc. Deferred Share Units Rogers, Martha 4, 6 31/12/2014 30 25,548 971

Rogers Communications Inc. Deferred Share Units Sirois, Charles 4 31/12/2014 56 42.28 13,542 846

Rogers Communications Inc. Deferred Share Units Sirois, Charles 4 02/01/2015 30 45.33 13,670 128

Rogers Sugar Inc. Common Shares Lafrance, Daniel 5 02/01/2015 10 4.72 35,267 662

Rogers Sugar Inc. Common Shares Ross, M. Dallas H. 4 02/01/2015 10 4.72 32,325 93

Rogers Sugar Inc. Common Shares Ross, M. Dallas H. 4 02/01/2015 10 4.72 33,225 900

RONA inc. Unités d'actions restreintes/Restricted Share Units

Morrison, William Robert 5 03/01/2015 59 13.52 35,059 -3,116

RONA inc. Common Shares RONA inc. 1 05/12/2014 38 13.4 700,000 700,000

RONA inc. Common Shares RONA inc. 1 05/12/2014 38 0 -700,000











RONA inc. Common Shares RONA inc. 1 15/12/2014 38 1 16,700



RONA inc. Common Shares RONA inc. 1 16/12/2014 38 13.35 300 300

RONA inc. Common Shares RONA inc. 1 16/12/2014 38 0 -300



RONA inc. Common Shares RONA inc. 1 18/12/2014 38 13.25 1,500,000 1,500,000

RONA inc. Common Shares RONA inc. 1 18/12/2014 38 0 -1,500,000

Royal Bank of Canada Rights Director Deferred Stock Units

Cote, Jacynthe 4 01/09/2014 00


Cote, Jacynthe 4 31/12/2014 56 445 445


Denison, David Francis 4 31/12/2014 56 7,192 3,382


George, Richard Lee 4 31/12/2014 56 8,296 2,942


Hearn, Timothy James 4 31/12/2014 56 25,646 2,363


Laberge, Alice D. 4 31/12/2014 56 36,169 3,342


Reinhard, Joao Pedro 4 31/12/2014 56 73,781 4,296


Renyi, Thomas Andrew 4 31/12/2014 56 3,436 2,767


Sonshine, Edward 4 31/12/2014 56 25,347 3,555

Royal Bank of Canada Common Shares Young, Victor Leyland 4 24/02/2014 30 72.037 28,744 264



Insider Reporting

January 15, 2015

(2015), 38 OSCB 493



Acquired/ Disposed



Young, Victor Leyland 4 31/12/2014 56 38,845 2,837

Royal Nickel Corporation Common Shares Hollaar, Timothy Lee 5 01/01/2015 00 31,700

Royal Nickel Corporation Rights Restricted Share Units

Muinonen, Johnna Louise 5 02/01/2015 56 78,358


Muinonen, Johnna Louise 5 02/01/2015 56 295,345 41,015


Selby, Mark Thomas Henry 5 02/01/2015 56 252,486


Selby, Mark Thomas Henry 5 02/01/2015 56 609,943 68,359


St-Jean, Joseph Alger Raymond

5 02/01/2015 56 78,358


St-Jean, Joseph Alger Raymond

5 02/01/2015 56 262,533 8,203

Rubicon Minerals Corporation

Common Shares Candelario, Allan Raymund 5 01/01/2015 00


Common Shares Candelario, Allan Raymund 5 01/01/2015 00 29,412


Options Candelario, Allan Raymund 5 01/01/2015 00 250,000


Warrants Candelario, Allan Raymund 5 01/01/2015 00 7,500

Rupert Resources Ltd. Common Shares Brimacombe, Alan Douglas 3 08/01/2015 10 0.075 11,519,300 6,667

Russel Metals Inc. Rights Deferred Share Units (cash settled)

Benedetti, Alain 4 31/12/2014 56 1,402


Benedetti, Alain 4 31/12/2014 56 27,336 1,395


Clark, John 4 31/12/2014 56 1,402


Clark, John 4 31/12/2014 56 10,727 1,395


Dinning, James Francis 4 31/12/2014 56 701


Dinning, James Francis 4 31/12/2014 56 18,112 697


Hanna, John 4 31/12/2014 56 1,441


Hanna, John 4 31/12/2014 56 10,487 1,434


Laberge, Alice D. 4 31/12/2014 56 700


Laberge, Alice D. 4 31/12/2014 56 12,166 697


Lachapelle, Lise 4 31/12/2014 56 701


Lachapelle, Lise 4 31/12/2014 56 18,112 697


O'Reilly, William Michael 5 31/12/2014 56 701


O'Reilly, William Michael 5 31/12/2014 56 13,464 697


Tulloch, John Russell 4 31/12/2014 56 701


Tulloch, John Russell 4 31/12/2014 56 2,652 698

Rye Patch Gold Corp. Common Shares Howald, William Carl 4, 5 06/01/2015 10 0.15 2,402,000 8,500

SAGE GOLD INC. Common Shares Love, William, Donald 5 07/01/2015 46 0.15 185,610 133,333

SAGE GOLD INC. Common Shares Mars, Patrick James 4, 5 19/11/2012 16 0.06 550,000

SAGE GOLD INC. Common Shares Mars, Patrick James 4, 5 19/11/2012 16 0.06 1,359,500 550,000

SAGE GOLD INC. Common Shares Mars, Patrick James 4, 5 07/01/2015 46 0.15 573,966 400,000

SAGE GOLD INC. Common Shares Ryan, Robert 5 07/07/2014 00

SAGE GOLD INC. Common Shares Ryan, Robert 5 07/01/2015 46 0.15 100,000 100,000

Sandvine Corporation Common Shares Caputo, David 4 22/12/2014 30 3.18 97,119 566

Insider Reporting

January 15, 2015

(2015), 38 OSCB 494



Acquired/ Disposed

Sandvine Corporation Common Shares Caputo, David 4 06/01/2015 30 3.27 97,670 551

Sandvine Corporation Common Shares Donnelly, Tom 5 22/12/2014 30 3.18 17,352 124

Sandvine Corporation Common Shares Donnelly, Tom 5 06/01/2015 30 3.27 17,472 120

Sandvine Corporation Common Shares Hamilton, Scott 4 22/12/2014 30 3.18 4,485 53

Sandvine Corporation Common Shares Hamilton, Scott 4 06/01/2015 30 3.27 4,537 52

Sandvine Corporation Common Shares Sandvine Corporation 1 31/12/2014 38 3 348,100 348,100

Sandvine Corporation Common Shares Sandvine Corporation 1 31/12/2014 38 3 0 -348,100

Sandvine Corporation Common Shares Siim, Brad 5 22/12/2014 30 3.18 25,439 255

Sandvine Corporation Common Shares Siim, Brad 5 06/01/2015 30 3.27 25,688 249

Sarama Resources Ltd. Options Dinning, Andrew Robert Mune

4 05/01/2015 50 1,620,000 450,000

Sarama Resources Ltd. Options Groves, David Alan 4 05/01/2015 50 250,000 100,000

Sarama Resources Ltd. Options Hamilton, Jack 5 05/01/2015 50 1,245,000 300,000

Sarama Resources Ltd. Options Harvey, T. Sean 4 05/01/2015 50 475,000 100,000

Sarama Resources Ltd. Options Longmire, Nicholas Banks 5 05/01/2015 50 1,075,000 300,000

Sarama Resources Ltd. Options Masterman, Glenton 4 05/01/2015 50 250,000 100,000

Sarama Resources Ltd. Options Schmiede, Paul Raymond Paul

5 05/01/2015 50 1,275,000 300,000

Savanna Energy Services Corp.

Deferred Share Units (Directors) (cash based only)

Brooks, Gilbert Allen 4 31/12/2014 56 5.07 89,541 1,698


Deferred Share Units (Officers) (cash based only)

Chow, George K. 5 31/12/2014 56 5.07 22,098 421



Cosby, Stella 4 31/12/2014 56 3.38 18,421 1,060



Draudson, Darcy 5 31/12/2014 56 5.07 22,098 421



Hooks, John Michael 4 31/12/2014 56 4.647 172,337 8,436



LaMontagne, Dwayne Kevin 5 31/12/2014 56 5.07 22,098 421



MULLEN, Kenneth Brandon 4, 5 31/12/2014 56 5.07 34,914 665



NUGENT, Kevin 4 31/12/2014 56 5.07 126,695 2,415



SAUNDERS, JAMES MACLEO

4 31/12/2014 56 4.647 195,237 9,887



Strong, Christopher Davis 4 31/12/2014 56 4.647 34,360 5,080



Wilson, Tor David 4 31/12/2014 56 5.07 126,081 2,403

Savaria Corporation Common Shares Bourassa, Marcel 4, 6, 5 02/12/2014 47 900 -125,000

Savaria Corporation Common Shares Bourassa, Marcel 4, 6, 5 04/12/2014 47 -125,000

Scorpio Mining Corporation Common Shares Ingalls & Snyder, LLC 3 06/01/2015 97 20,390,480 60,480

Scorpio Mining Corporation Common Shares Tocqueville Asset Management, L.P.

3 24/12/2014 10 0.164 10,076,189 -5,000


3 26/12/2014 10 0.171 10,071,189 -5,000


3 29/12/2014 10 0.1919 9,995,189 -76,000


3 29/12/2014 10 0.1919 9,979,789 -15,400

Seabridge Gold Inc. Options Banfield, Armine Frederick 4 31/12/2014 38 29.75 100,000 -50,000

Seabridge Gold Inc. Options Barr, Douglass Scott 4 31/12/2014 38 27.39 100,000 -50,000

Seabridge Gold Inc. Options Gonzalez-Urien, Eliseo 4 31/12/2014 38 29.75 50,000 -50,000

Seabridge Gold Inc. Options Layman, Jay Scott 5 07/01/2015 52 200,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 495



Acquired/ Disposed

Seabridge Gold Inc. Options Layman, Jay Scott 5 07/01/2015 52 475,000 -200,000

Seabridge Gold Inc. Common Shares Murphy, Robert Brent 5 05/01/2015 10 9.52 27,490 -1,000



Seabridge Gold Inc. Common Shares Murphy, Robert Brent 5 06/01/2015 10 10.45 22,490 -200

Seabridge Gold Inc. Common Shares Murphy, Robert Brent 5 06/01/2015 57 9.01 41,240 18,750

Seabridge Gold Inc. Rights Restricted Share Units

Murphy, Robert Brent 5 19/12/2014 57 8.68 -12,500


Murphy, Robert Brent 5 19/12/2014 57 8.68 37,500 -12,500


Murphy, Robert Brent 5 06/01/2015 57 9.01 18,750 -18,750

Seabridge Gold Inc. Common Shares Reynolds, Christopher Justin

5 06/01/2015 57 27,500 15,000


Reynolds, Christopher Justin

5 06/01/2015 57 40,000 -15,000

Seabridge Gold Inc. Common Shares Scott, Charles Bruce Scott 5 05/01/2015 10 9.55 13,600 -1,000

Seabridge Gold Inc. Common Shares Scott, Charles Bruce Scott 5 06/01/2015 10 9.7 13,100 -500

Seabridge Gold Inc. Common Shares Scott, Charles Bruce Scott 5 06/01/2015 10 10.5 12,600 -500

Seabridge Gold Inc. Common Shares Scott, Charles Bruce Scott 5 06/01/2015 36 27,600 15,000


Scott, Charles Bruce Scott 5 06/01/2015 36 15,000 -15,000

Seabridge Gold Inc. Common Shares Threlkeld, William Earl II 5 06/01/2015 57 9.01 295,000 15,000


Threlkeld, William Earl II 5 06/01/2015 57 9.01 30,000 -15,000

Seabridge Gold Inc. Common Shares Trujillo, Gloria M. 8 06/01/2015 57 9.01 28,700 5,000


Trujillo, Gloria M. 8 06/01/2015 57 9.01 15,000 -5,000

Seabridge Gold Inc. Common Shares Williams, Peter D. 5 06/01/2015 57 9.01 40,750 15,000

Seabridge Gold Inc. Common Shares Williams, Peter D. 5 08/01/2015 10 8.97 35,150 -5,600


Seabridge Gold Inc. Common Shares Williams, Peter D. 5 08/01/2015 10 8.99 -1,200


Seabridge Gold Inc. Common Shares Williams, Peter D. 5 08/01/2015 10 9 -1,100

Seabridge Gold Inc. Common Shares Williams, Peter D. 5 08/01/2015 10 9 27,790 -1,100

Seabridge Gold Inc. Common Shares Williams, Peter D. 5 08/01/2015 10 8.98 26,950 -840





Williams, Peter D. 5 06/01/2015 57 9.01 -1,500


Williams, Peter D. 5 06/01/2015 57 9.01 15,000 -15,000

Search Minerals Inc. Common Shares Saunders, Raymond James 4 06/01/2015 10 0.045 13,399,000 322,000

Secure Energy Services Inc. Common Shares Gransch, Allen Peter 5 02/01/2015 51 164,100 60,000

Secure Energy Services Inc. Common Shares Gransch, Allen Peter 5 02/01/2015 10 17.066 124,100 -40,000

Secure Energy Services Inc. Options Gransch, Allen Peter 5 02/01/2015 51 244,625 -60,000

Secure Energy Services Inc. Common Shares Higham, Corey Ray 5 02/01/2015 10 16.935 430

Secure Energy Services Inc. Common Shares Higham, Corey Ray 5 02/01/2015 57 16.935 14,751 430

Secure Energy Services Inc. Common Shares Higham, Corey Ray 5 02/01/2015 10 17.15 -177

Secure Energy Services Inc. Common Shares Higham, Corey Ray 5 02/01/2015 10 16.99 14,555 -196

Secure Energy Services Inc. Units RSU Higham, Corey Ray 5 02/01/2015 10 16.935 -430

Secure Energy Services Inc. Units RSU Higham, Corey Ray 5 02/01/2015 57 16.935 844 -430

Secure Energy Services Inc. Common Shares WADSWORTH, GEORGE 7 18/12/2014 47 596,005 -500

Senvest Capital Inc. Common Shares Senvest Capital Inc. 1 03/12/2014 38 146.11 100 100

Senvest Capital Inc. Common Shares Senvest Capital Inc. 1 11/12/2014 38 154.32 200 100

Senvest Capital Inc. Common Shares Senvest Capital Inc. 1 12/12/2014 38 152.12 1,200 1,000

Senvest Capital Inc. Common Shares Senvest Capital Inc. 1 15/12/2014 38 146 1,600 400

Senvest Capital Inc. Common Shares Senvest Capital Inc. 1 16/12/2014 38 139.8 2,200 600


Senvest Capital Inc. Common Shares Senvest Capital Inc. 1 19/12/2014 38 144.57 3,300 100

Insider Reporting

January 15, 2015

(2015), 38 OSCB 496



Acquired/ Disposed


Senvest Capital Inc. Common Shares Senvest Capital Inc. 1 31/12/2014 38 0 -4,300

ShaMaran Petroleum Corp. Options Johnstone, Brenden 5 04/01/2015 52 0.47 900,000 -300,000

ShaMaran Petroleum Corp. Options Kabra, Pradeep 5 04/01/2015 52 2,300,000 -100,000

ShawCor Ltd. Employee Share Unit Broussard, Dane 5 07/01/2015 00 10,148

ShawCor Ltd. Options Broussard, Dane 5 07/01/2015 00 11,300

Sherritt International Corporation

Common Shares Sherritt International Corporation

1 01/12/2014 38 2.5943 764,200 215,000



1 02/12/2014 38 2.4676 1,014,100 249,900



1 03/12/2014 38 2.5108 1,261,600 247,500



1 04/12/2014 38 2.5371 1,509,800 248,200



1 05/12/2014 38 2.5458 1,759,800 250,000



1 08/12/2014 38 2.351 2,009,800 250,000



1 09/12/2014 38 2.325 2,258,700 248,900



1 10/12/2014 38 2.2515 2,508,700 250,000



1 11/12/2014 38 2.2657 2,758,700 250,000



1 12/12/2014 38 2.2971 3,008,700 250,000



1 16/12/2014 38 2.2603 3,258,700 250,000



1 17/12/2014 38 2.7009 3,311,000 52,300



1 30/12/2014 38 0 -3,311,000

Silver Bear Resources Inc. Common Shares Battiston, Deborah 5 02/01/2015 97 0.05 25,000

Silver Bear Resources Inc. Common Shares Battiston, Deborah 5 02/01/2015 97 0.05 81,250 25,000

Silver Bear Resources Inc. Common Shares Bharti, Stan 4 02/01/2015 97 0.05 350,000 25,000

Silver Bear Resources Inc. Common Shares Birchall, Robin Jonathan Eckford Birchall

4, 5 02/01/2015 97 0.05 1,126,102 37,500

Silver Bear Resources Inc. Common Shares Davies, Brianna Kirsten 5 02/01/2015 30 0.05 150,000 25,000

Silver Bear Resources Inc. Common Shares Eyton, J. Trevor 4 02/01/2015 97 0.05 392,107 25,000

Silver Bear Resources Inc. Common Shares Gracheva, Anastasia 4 02/01/2015 97 0.05 102,288 12,500

Silver Bear Resources Inc. Common Shares Gualtieri, Dominic 4 02/01/2015 97 0.05 385,294 25,000

Silver Bear Resources Inc. Common Shares Sotskov, Alexey 6 20/05/2014 00

Silver Bear Resources Inc. Common Shares Sotskov, Alexey 6 02/01/2015 46 0.05 25,000 25,000

Silver Bear Resources Inc. Common Shares Westdal, Christopher 4 02/01/2015 97 0.05 339,415 25,000

Silver Standard Resources Inc.

Deferred Share Unit ANGLIN, Mike Arthur E. 4 01/01/2015 56 5.57 68,551 6,283


Options Block, Nadine June 5 01/01/2015 50 5.83 100,600 50,600


Performance Share Units (Cash Settled)

Block, Nadine June 5 06/08/2014 00



Block, Nadine June 5 01/01/2015 56 5.83 23,350 23,350


Options DeCooman, Jr., W. John 5 01/01/2015 50 5.83 230,910 59,450



DeCooman, Jr., W. John 5 01/01/2015 56 5.83 73,747 27,450


Options Gilligan, Jonathan 5 01/01/2015 50 5.83 194,600 68,100



Gilligan, Jonathan 5 01/01/2015 56 5.83 55,200 31,450


Deferred Share Unit Herrero, Gustavo Adolfo 4 01/01/2015 56 5.57 7,315


Deferred Share Unit Herrero, Gustavo Adolfo 4 01/01/2015 56 5.57 39,469 6,508

Insider Reporting

January 15, 2015

(2015), 38 OSCB 497



Acquired/ Disposed


Options Martin, Gregory John 5 01/01/2015 50 5.83 399,760 102,150



Martin, Gregory John 5 01/01/2015 56 5.83 101,600 47,150


Options Pangbourne, Alan Nigel 5 01/01/2015 50 5.83 390,250 131,350



Pangbourne, Alan Nigel 5 01/01/2015 56 5.83 106,400 60,600


Deferred Share Unit Park, Beverlee Faye 4 01/01/2015 56 5.57 12,101 6,059


Deferred Share Unit Paterson, Richard 4 01/01/2015 56 5.57 71,323 6,732


Deferred Share Unit Reid, Steven Paul 4 01/01/2015 56 5.57 28,100 5,049


Options Smith, John 4, 5 01/01/2015 50 5.83 1,233,615 260,750



Smith, John 4, 5 01/01/2015 56 5.83 328,708 120,300


Options Stark-Anderson, Kelly Elizabeth

5 01/01/2015 50 5.83 137,405 75,900



Stark-Anderson, Kelly Elizabeth

5 01/01/2014 00



Stark-Anderson, Kelly Elizabeth

5 01/01/2015 56 5.83 35,050 35,050


Deferred Share Unit TOMSETT, PETER WILLIAM

4 01/01/2015 56 5.57 125,033 11,220

Slate Retail REIT (formerly, Slate U.S. Opportunity (No. 1) Realty Trust)

Trust Units Class U Units Welch, Brady Scott 4, 5 31/12/2014 10 12 3,600 1,600


Trust Units Class U Units Welch, Brady Scott 4, 5 31/12/2014 10 12 2,200 200


Trust Units Class U Units Welch, Brady Scott 4, 5 31/12/2014 10 11.997 4,060 1,860

SNC-Lavalin Group Inc. Unités d'actions différées (administrateurs)

Bougie, Jacques 4 31/12/2014 56 43.71 3,975 592


Bourne, Ian Alexander 4 31/12/2014 56 43.71 15,940 1,171


HAMMICK, Patricia A. 4 31/12/2014 56 43.71 14,270 650


Lachapelle, Lise 4 31/12/2014 56 43.71 3,975 592


Mongeau, Claude 4 31/12/2014 56 43.71 32,015 1,092


PARKER, Michael D. 4 31/12/2014 56 43.71 13,522 988


Rheaume, Alain 4 31/12/2014 56 43.71 3,975 592


Sbiti, Chakib 4 31/12/2014 56 43.71 6,048 945


SIEGEL, Eric 4 31/12/2014 56 43.71 9,081 963


STEVENSON, Lawrence N. 4 31/12/2014 56 43.71 674


STEVENSON, Lawrence N. 4 31/12/2014 56 43.71 18,575 675

Solarvest BioEnergy Inc. Common Shares Greenham, Garth Percival 5 06/01/2015 47 0.25 1,246,500 300,000

Solarvest BioEnergy Inc. Common Shares Greenham, Gerri Joseph 4 06/01/2015 47 0.25 8,045,000 -300,000

Solium Capital Inc. Common Shares Broadfoot, Michael Graeme 4 31/12/2014 10 7.84 7,556,500 -376,500

Solium Capital Inc. Common Shares Craig, Brian N 3, 4, 6, 5 31/12/2014 10 7.68 3,169,872 -300,000

Solium Capital Inc. Common Shares Deleray, Michael Howard 4 31/12/2014 30 7.56 81,553 3,188

Solium Capital Inc. Common Shares LEONG, LYNN 5 31/12/2014 30 7.6 293,018 2,491

Solium Capital Inc. Common Shares Moorehead, Colleen Jill 4 31/12/2014 30 7.6 103,254 4,068

Solium Capital Inc. Common Shares Muir, Thomas Pinaud 4 31/12/2014 30 7.61 48,051 4,423

Solium Capital Inc. Common Shares Sharpe, Michael Douglas 5 31/12/2014 30 7.6 31,070 3,930

Insider Reporting

January 15, 2015

(2015), 38 OSCB 498



Acquired/ Disposed

SoMedia Networks Inc. Common Shares Fleming, George 4 08/01/2015 11 944,500 -382,500

Sonoro Energy Ltd. Common Shares Meidl, Jesse 4 06/06/2011 00 800,000

Sonoro Energy Ltd. Common Shares Meidl, Jesse 4 22/06/2011 00

Sonoro Energy Ltd. Options Meidl, Jesse 4 06/06/2011 00

Sonoro Energy Ltd. Options Meidl, Jesse 4 22/06/2011 00

Sora Capital Corp. (formerly, Jager Resources Inc. )

Options Blanchet, Justin 5 18/02/2014 52 3,462 -446,538

Sora Capital Corp. (formerly, Jager Resources Inc. )

Options Blanchet, Justin 5 12/09/2014 50 103,462 100,000

Sphere 3D Corporation (formerly T.B. Mining Ventures Inc.)

Common Shares Cyrus Capital Partners, L.P. 3 31/12/2014 97 5.66 5,063,934 23,408


Convertible Debentures Cyrus Capital Partners, L.P. 3 01/12/2014 00


















Convertible Debentures Cyrus Capital Partners, L.P. 3 01/12/2014 00 $19,500,000

Sphinx Resources Ltd. Common Shares Champigny, Normand 4, 5 19/12/2014 16 0.13 291,233 80,000

Sphinx Resources Ltd. Common Shares Champigny, Normand 4, 5 22/12/2014 16 0.13 80,000

Sprott Resource Corp. Common Shares Sprott Resource Corp. 1 17/12/2014 38 1.5498 20,000 20,000

Sprott Resource Corp. Common Shares Sprott Resource Corp. 1 17/12/2014 38 1.5498 0 -20,000

















Sprylogics International Corp.

Common Shares Berman, David 5 08/01/2015 10 0.43 55,450 500

Insider Reporting

January 15, 2015

(2015), 38 OSCB 499



Acquired/ Disposed


Common Shares Berman, David 5 08/01/2015 10 0.44 58,950 3,500


Common Shares Berman, David 5 08/01/2015 10 0.45 59,950 1,000


Common Shares Igelman, Marvin Moses 4 08/01/2015 10 0.4 502,778 7,500







Star Minerals Group Ltd. (formerly Star Uranium Corp.)

Common Shares Engdahl, James Bruce 4, 5 02/01/2015 10 0.025 298,866 4,000





Starrex International Ltd. (formerly Starrex Mining Corporation Ltd.)

Common Shares Mann, Ronald Kevin 5 05/01/2015 10 1.24 0 -1,500

Sterling Resources Ltd. Common Shares Barker, Eleanor Jean 4 05/01/2015 10 0.25 250,000 50,000

Sterling Resources Ltd. Common Shares Ulrich, Jacob Shields 4 06/01/2015 10 0.202 211,630 99,000

Sterling Resources Ltd. Common Shares Ulrich, Jacob Shields 4 07/01/2015 10 0.2042 212,100 470

Stornoway Diamond Corporation

Common Shares Nixon, Peter 4 23/12/2014 10 0.53 -43,750


Common Shares Nixon, Peter 4 23/12/2014 10 0.53 0 -43,750


Common Shares Nixon, Peter 4 23/12/2014 10 0.53 43,750


Common Shares Nixon, Peter 4 23/12/2014 10 0.53 43,750 43,750

Stria Lithium Inc. Options Dow, Robin, Bruce 4 10/05/2013 00

Stria Lithium Inc. Options Dow, Robin, Bruce 4 03/01/2015 50 100,000 100,000

Stuart Olson Inc. Rights Deferred Share Units (DSUs)

Ballantyne, Richard Thomas 4 31/12/2014 56 7.79 13,664 2,567


Ballantyne, Richard Thomas 4 31/12/2014 30 7.79 14,075 411


Bellstedt, Albrecht Wilhelm Albert

4 31/12/2014 56 7.79 51,895 3,209


Bellstedt, Albrecht Wilhelm Albert

4 31/12/2014 30 7.79 54,278 2,383


Danard, Chad 4 31/12/2014 56 7.79 4,204


Danard, Chad 4 31/12/2014 56 7.79 9,330 4,396


Danard, Chad 4 31/12/2014 30 7.79 9,421 91


Graham, Roderick William 4 31/12/2014 56 7.79 13,664 2,567


Graham, Roderick William 4 31/12/2014 30 7.79 14,075 411


Hanrahan, Wendy 4 31/12/2014 56 7.79 46,102 3,129


Hanrahan, Wendy 4 31/12/2014 30 7.79 48,184 2,082


Loberg, Carmen Richard 4 31/12/2014 56 7.79 51,991 3,048


Loberg, Carmen Richard 4 31/12/2014 30 7.79 54,399 2,408


Reid, Ian MacNevin 4 31/12/2014 56 7.79 58,974 3,610


Reid, Ian MacNevin 4 31/12/2014 30 7.79 61,686 2,712

Insider Reporting

January 15, 2015

(2015), 38 OSCB 500



Acquired/ Disposed


Schneider, George Michael 4 31/12/2014 56 7.79 41,516 2,567


Schneider, George Michael 4 31/12/2014 30 7.79 43,422 1,906

Stuart Olson Inc. Common Shares Sutherland, Donald Joseph 5 06/01/2015 00

Stuart Olson Inc. Common Shares Sutherland, Donald Joseph 5 06/01/2015 22 7 287,717 287,717

Stuart Olson Inc. Common Shares Sutherland, Donald Joseph 5 06/01/2015 00

Stuart Olson Inc. Common Shares Sutherland, Donald Joseph 5 06/01/2015 22 7 47,732 47,732

Sulliden Mining Capital Inc. Common Shares Battiston, Deborah 5 07/01/2015 97 0.4 83,333 83,333

Sulliden Mining Capital Inc. Restricted Share Units Battiston, Deborah 5 07/01/2015 97 0.4 166,667 -83,333

Sulliden Mining Capital Inc. Common Shares Bharti, Stan 4 01/01/2015 97 3,827,287 183,333

Sulliden Mining Capital Inc. Restricted Share Units Bharti, Stan 4 01/01/2015 97 366,667 -183,333

Sulliden Mining Capital Inc. Common Shares Reid, Christopher Justin 4, 5 05/08/2014 00 8,554

Sulliden Mining Capital Inc. Common Shares Reid, Christopher Justin 4, 5 07/01/2015 97 191,887 183,333

Sulliden Mining Capital Inc. Common Shares Reid, Christopher Justin 4, 5 09/01/2015 10 100,349 -91,538

Sulliden Mining Capital Inc. Restricted Share Units Reid, Christopher Justin 4, 5 07/01/2015 97 0.42 366,667 -183,333

Sulliden Mining Capital Inc. Common Shares Tagliamonte, Peter Wilson 4 11/08/2014 00 117,630

Sulliden Mining Capital Inc. Common Shares Tagliamonte, Peter Wilson 4 07/01/2015 97 300,963 183,333

Sulliden Mining Capital Inc. Common Shares Tagliamonte, Peter Wilson 4 09/01/2015 10 209,425 -91,538

Sulliden Mining Capital Inc. Options Tagliamonte, Peter Wilson 4 11/08/2014 00 367,500

Sulliden Mining Capital Inc. Options Tagliamonte, Peter Wilson 4 17/09/2014 50 0.46 517,500 150,000

Sulliden Mining Capital Inc. Restricted Share Units Tagliamonte, Peter Wilson 4 11/08/2014 00 550,000

Sulliden Mining Capital Inc. Restricted Share Units Tagliamonte, Peter Wilson 4 07/01/2015 97 0.42 366,667 -183,333

Summit Industrial Income REIT

Trust Units Dykeman, Paul 4, 5 07/01/2015 15 5.85 30,000 10,000


Trust Units Morassutti, Lawrence 4 07/01/2015 15 5.85 34,400 31,700


Trust Units Morassutti, Lawrence 4 07/01/2015 15 5.85 1,003,188 318,300

Sun Life Financial Inc. Deferred Share Units Accum, Claude 5 31/12/2014 30 42.11 18,608 157

Sun Life Financial Inc. Units Sun Shares Accum, Claude 5 31/12/2014 30 42.11 83,554 709

Sun Life Financial Inc. Deferred Share Units Blair, Carolyn Diane 5 31/12/2014 30 42.11 118

Sun Life Financial Inc. Deferred Share Units Blair, Carolyn Diane 5 31/12/2014 30 42.11 118

Sun Life Financial Inc. Deferred Share Units Blair, Carolyn Diane 5 31/12/2014 30 42.11 14,000 118

Sun Life Financial Inc. Units Sun Shares Blair, Carolyn Diane 5 31/12/2014 30 42.11 29,191 247

Sun Life Financial Inc. Deferred Share Units Connor, Dean 4, 5 31/12/2014 30 42.11 118,656 1,005

Sun Life Financial Inc. Units Sun Shares Connor, Dean 4, 5 31/12/2014 30 42.11 360,410 3,055

Sun Life Financial Inc. Deferred Share Units De Paoli, Mary 5 31/12/2014 30 42.11 9,609 82

Sun Life Financial Inc. Units Sun Shares De Paoli, Mary 5 31/12/2014 30 42.11 42,206 358

Sun Life Financial Inc. Deferred Share Units Dougherty, Kevin 5 31/12/2014 30 42.11 15,432 131

Sun Life Financial Inc. Units Sun Shares Dougherty, Kevin 5 31/12/2014 30 42.11 122,015 1,034

Sun Life Financial Inc. Units Sun Shares Fishbein, Daniel 5 31/12/2014 30 42.11 36,104 306

Sun Life Financial Inc. Deferred Share Units Freyne, Colm Joseph 5 31/12/2014 30 42.11 41,725 354

Sun Life Financial Inc. Units Sun Shares Freyne, Colm Joseph 5 31/12/2014 30 42.11 91,038 772

Sun Life Financial Inc. Deferred Share Units Kennedy, Melissa Jane 5 31/12/2014 30 42.11 6,150 52

Sun Life Financial Inc. Units Sun Shares Kennedy, Melissa Jane 5 31/12/2014 30 42.11 27,059 229

Sun Life Financial Inc. Deferred Share Units Madge, Larry 5 31/12/2014 30 42.11 14,565 124

Sun Life Financial Inc. Units Sun Shares Madge, Larry 5 31/12/2014 30 42.11 46,172 391

Sun Life Financial Inc. Deferred Share Units Peacher, Stephen 5 31/12/2014 30 42.11 24,106 204

Sun Life Financial Inc. Units Sun Shares Peacher, Stephen 5 31/12/2014 30 42.11 127,851 1,084

Sun Life Financial Inc. Units Sun Shares Saunders, Mark 5 31/12/2014 30 42.11 57,788 490

Sun Life Financial Inc. Deferred Share Units Sims, Robert 5 31/12/2014 30 42.11 680 6

Sun Life Financial Inc. Units Sun Shares Sims, Robert 5 31/12/2014 30 42.11 41,015 347

Sun Life Financial Inc. Units Sun Shares Strain, Kevin 5 31/12/2014 30 42.11 61,113 518

Sun Life Financial Inc. Common Shares Sun Life Financial 1 03/12/2014 38 42.647 275,288 39,400



Sun Life Financial Inc. Common Shares Sun Life Financial 1 12/12/2014 38 0 -109,600

Sun Life Financial Inc. Units Sun Shares Van den Hoogen, Marlene 5 31/12/2014 30 42.11 15,279 129

Suncor Energy Inc. Common Shares Suncor Energy Inc. 1 01/12/2014 38 36.04 161,642 161,642

Insider Reporting

January 15, 2015

(2015), 38 OSCB 501



Acquired/ Disposed

Suncor Energy Inc. Common Shares Suncor Energy Inc. 1 01/12/2014 38 0 -161,642











































Sunshine Oilsands Ltd. Common Shares Class A Cong, Songbo 5 31/12/2014 30 0.1 6,376,918 25,000

Sunshine Oilsands Ltd. Common Shares Class A Hibberd, Michael John 4, 5 06/01/2015 10 0.095 92,812,121 22,000



Sunshine Oilsands Ltd. Common Shares Class A MEN, QIPING 5 31/12/2014 30 0.1 81,731 25,000

Sunward Resources Ltd. Rights Deferred Share Units

Cheesbrough, Peter 4 06/01/2015 56 0.1116 181,934 65,024


Duarte, Javier Ricardo 5 06/01/2015 56 1116 60,878 21,758


Lang, Gregory Anthony 4 06/01/2015 56 0.1116 167,939 60,022


Levental, Igor 4 06/01/2015 56 0.1116 167,939 60,022


Palmer, Terry 4 06/01/2015 56 0.1116 125,953 45,016


Sujir, Jay 4 06/01/2015 56 0.1116 225,667 80,654

Insider Reporting

January 15, 2015

(2015), 38 OSCB 502



Acquired/ Disposed

Superior Plus Corp. Rights Performance Share Units

Bingham, Wayne Mitchell 5 02/01/2015 56 56,499 17,545

Superior Plus Corp. Rights Restricted Share Units

Bingham, Wayne Mitchell 5 02/01/2015 56 42,190 17,545


Desjardins, Luc 4, 5 02/01/2015 56 166,612 42,572


Desjardins, Luc 4, 5 02/01/2015 56 108,882 42,572


McCamus, Gregory Lorne 5 02/01/2015 56 62,386 17,646


McCamus, Gregory Lorne 5 02/01/2015 56 39,789 17,646


Minhas, Inder Zora 5 02/01/2015 56 10,983 3,715


Minhas, Inder Zora 5 02/01/2015 56 9,141 3,715


Vammen, Shawn Bradley 7 02/01/2015 56 18,114 5,697


Vammen, Shawn Bradley 7 02/01/2015 56 14,038 5,697


Webb, Stephen Joseph 5 02/01/2015 56 14,697 4,071


Webb, Stephen Joseph 5 02/01/2015 56 11,166 4,071


Wonnick, Ross Gordon Campbell

5 02/01/2015 56 14,196 5,057


Wonnick, Ross Gordon Campbell

5 02/01/2015 56 11,251 5,057


Wrisley, Keith Allen 7 02/01/2015 56 34,554 12,385


Wrisley, Keith Allen 7 02/01/2015 56 24,455 12,385

Supremex Inc. Common Shares Johnston, Robert Bruce 4 05/01/2015 10 2.98 4,300 4,300

Supremex Inc. Common Shares Supremex Inc 1 04/12/2014 38 3 3,700 3,700



Supremex Inc. Common Shares Supremex Inc 1 09/12/2014 38 2.94 14,800 3,700








Supremex Inc. Common Shares Supremex Inc 1 31/12/2014 38 0 -40,400

Symphony Floating Rate Senior Loan Fund

Units Class A Symphony Floating Rate Senior Loan Fund

1 02/12/2014 38 9.52 3,000 3,000



1 02/12/2014 38 9.52 0 -3,000



1 03/12/2014 38 9.41 2,600 2,600



1 03/12/2014 38 9.41 0 -2,600



1 04/12/2014 38 9.42 3,000 3,000



1 04/12/2014 38 9.42 0 -3,000



1 05/12/2014 38 9.4 3,000 3,000



1 05/12/2014 38 9.4 0 -3,000



1 09/12/2014 38 9.36 3,000 3,000



1 09/12/2014 38 9.36 0 -3,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 503



Acquired/ Disposed



1 10/12/2014 38 9.29 3,000 3,000



1 10/12/2014 38 9.29 0 -3,000



1 11/12/2014 38 9.24 1,700 1,700



1 11/12/2014 38 9.24 0 -1,700



1 12/12/2014 38 9.3 3,000 3,000



1 12/12/2014 38 9.3 0 -3,000



1 15/12/2014 38 9.29 3,000 3,000



1 15/12/2014 38 9.29 0 -3,000



1 16/12/2014 38 9.14 2,000 2,000



1 16/12/2014 38 9.14 0 -2,000



1 16/12/2014 38 9.16 1,000 1,000



1 16/12/2014 38 9.16 0 -1,000



1 18/12/2014 38 9.15 3,000 3,000



1 18/12/2014 38 9.15 0 -3,000



1 19/12/2014 38 9.16 3,000 3,000



1 19/12/2014 38 9.16 0 -3,000



1 22/12/2014 38 9.14 2,000 2,000



1 22/12/2014 38 9.14 0 -2,000



1 23/12/2014 38 9.21 3,000 3,000



1 23/12/2014 38 9.21 0 -3,000



1 29/12/2014 38 9.28 1,900 1,900



1 29/12/2014 38 9.28 0 -1,900

Synex International Inc. Common Shares Stephens, Alan William 4, 5 05/01/2015 10 0.48 251,000 -7,500

Tahoe Resources Inc. Common Shares Muerhoff, Charlie 5 30/12/2014 10 16.088 59,714 -7,850

Talisman Energy Inc. Deferred Share Units BERGEVIN, Christiane 4 31/12/2014 35 80,334 687

Talisman Energy Inc. Deferred Share Units BERGEVIN, Christiane 4 31/12/2014 56 80,760 426

Talisman Energy Inc. Performance Share Units BLAKELEY, Alexander Paul 5 31/12/2014 35 569,750 4,873

Talisman Energy Inc. Deferred Share Units CARTY, DONALD 4 31/12/2014 35 74,703 639

Talisman Energy Inc. Deferred Share Units CARTY, DONALD 4 31/12/2014 56 77,912 3,209

Talisman Energy Inc. Deferred Share Units Christodoro, Jonathan 4 31/12/2014 35 20,434 175

Talisman Energy Inc. Deferred Share Units Dingeman, Bruce Owen 5 31/12/2014 35 9,687 83

Talisman Energy Inc. Performance Share Units Dingeman, Bruce Owen 5 31/12/2014 35 98,150 840

Talisman Energy Inc. Restricted Share Units Dingeman, Bruce Owen 5 31/12/2014 35 139,683 1,195

Talisman Energy Inc. Restricted Share Units Dingeman, Bruce Owen 5 03/01/2015 59 114,015 -25,668

Talisman Energy Inc. Deferred Share Units Ebbern, Thomas William 4 31/12/2014 35 38,342 328

Talisman Energy Inc. Deferred Share Units Ebbern, Thomas William 4 31/12/2014 56 41,078 2,736

Talisman Energy Inc. Deferred Share Units Kvisle, Harold N. 4, 5 31/12/2014 35 1,881,687 16,094

Talisman Energy Inc. Deferred Share Units Kvisle, Harold N. 4, 5 31/12/2014 56 1,891,165 9,478

Talisman Energy Inc. Deferred Share Units Levitt, Brian 4 31/12/2014 35 45,308 388

Talisman Energy Inc. Deferred Share Units Levitt, Brian 4 31/12/2014 56 48,011 2,703

Talisman Energy Inc. Deferred Share Units Merksamer, Samuel 4 31/12/2014 35 27,898 238

Talisman Energy Inc. Deferred Share Units Merksamer, Samuel 4 31/12/2014 56 30,250 2,352

Insider Reporting

January 15, 2015

(2015), 38 OSCB 504



Acquired/ Disposed

Talisman Energy Inc. Performance Share Units Newby, David Stanley 5 31/12/2014 35 80,827 691

Talisman Energy Inc. Restricted Share Units Newby, David Stanley 5 31/12/2014 35 24,851 212

Talisman Energy Inc. Deferred Share Units ROONEY, ROBERT ROSS 5 31/12/2014 35 55,837 478

Talisman Energy Inc. Performance Share Units ROONEY, ROBERT ROSS 5 31/12/2014 35 451,519 3,862

Talisman Energy Inc. Deferred Share Units Rossall, John Williamson 5 31/12/2014 35 11,893 102

Talisman Energy Inc. Performance Share Units Rossall, John Williamson 5 31/12/2014 35 105,719 905

Talisman Energy Inc. Restricted Share Units Rossall, John Williamson 5 31/12/2014 35 30,592 262

Talisman Energy Inc. Deferred Share Units Smith, Paul Robert 5 31/12/2014 35 309

Talisman Energy Inc. Deferred Share Units Smith, Paul Robert 5 31/12/2014 35 36,202 309

Talisman Energy Inc. Performance Share Units Smith, Paul Robert 5 31/12/2014 35 572,298 4,893

Talisman Energy Inc. Deferred Share Units STEWART, Lisa Anne 4 31/12/2014 35 94,409 807

Talisman Energy Inc. Deferred Share Units STEWART, Lisa Anne 4 31/12/2014 56 97,096 2,687

Talisman Energy Inc. Deferred Share Units Sykes, Henry William 4 31/12/2014 35 30,221 258

Talisman Energy Inc. Deferred Share Units Sykes, Henry William 4 31/12/2014 56 31,490 1,269

Talisman Energy Inc. Deferred Share Units TOMSETT, PETER WILLIAM

4 31/12/2014 35 95,066 813

Talisman Energy Inc. Deferred Share Units TOMSETT, PETER WILLIAM

4 31/12/2014 56 97,753 2,687

Talisman Energy Inc. Deferred Share Units Waites, Michael T. 4 31/12/2014 35 76,806 657

Talisman Energy Inc. Deferred Share Units Waites, Michael T. 4 31/12/2014 56 79,855 3,049

Talisman Energy Inc. Performance Share Units Warwick, Paul Cyril 5 31/12/2014 35 603,743 5,164

Talisman Energy Inc. Restricted Share Units Warwick, Paul Cyril 5 31/12/2014 35 59,030 505

Talisman Energy Inc. Deferred Share Units Williamson, Charles Ross 4 31/12/2014 35 253,803 2,171

Talisman Energy Inc. Deferred Share Units Williamson, Charles Ross 4 31/12/2014 56 259,298 5,495

Talisman Energy Inc. Deferred Share Units Winograd, Charles 4 31/12/2014 35 86,948 744

Talisman Energy Inc. Deferred Share Units Winograd, Charles 4 31/12/2014 56 89,832 2,884

Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 31/12/2014 10 2.75 1,959,700 7,200















Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 31/12/2014 10 2.75 556,600 1,300




Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 07/01/2015 10 2.68 576,300 200





Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 07/01/2015 10 2.68 445,200 200

Tartisan Resources Corp. Common Shares ANKCORN, PAUL RUSSELL

4, 5 30/12/2014 10 0.025 1,699,000 10,000

Tartisan Resources Corp. Common Shares ANKCORN, PAUL RUSSELL

4, 5 30/12/2014 10 0.03 1,719,000 20,000

Taseko Mines Limited Options Armstrong, William Paul 4 05/01/2015 52 4.46 381,000 -100,000

Taseko Mines Limited Options Battison, Brian 5 05/01/2015 52 4.46 700,200 -150,000

Taseko Mines Limited Options Coughlan, Terrance Barry 4 05/01/2015 52 4.46 301,000 -100,000

Taseko Mines Limited Options Dickinson, Robert Allan 4, 5 05/01/2015 52 4.46 300,000 -100,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 505



Acquired/ Disposed

Taseko Mines Limited Options Hallbauer, Russell Edward 4, 5 05/01/2015 52 4.46 1,770,800 -300,000

Taseko Mines Limited Options Jones, Scott 5 05/01/2015 52 4.46 715,000 -150,000

Taseko Mines Limited Options McManus, John 5 05/01/2015 52 4.46 1,135,000 -200,000

Taseko Mines Limited Options Mundie, Richard A. 4 05/01/2015 52 4.46 300,000 -100,000

Taseko Mines Limited Common Shares Thiessen, Ronald William 4 28/11/2014 36 1,144,204 478,861

Taseko Mines Limited Common Shares Thiessen, Ronald William 4 29/12/2014 47 0.93 -5,000

Taseko Mines Limited Common Shares Thiessen, Ronald William 4 29/12/2014 47 -5,000

Taseko Mines Limited Common Shares Thiessen, Ronald William 4 29/12/2014 47 1,139,204 -5,000

Taseko Mines Limited Common Shares Thiessen, Ronald William 4 29/12/2014 47 0.93 -450,000

Taseko Mines Limited Common Shares Thiessen, Ronald William 4 29/12/2014 47 689,204 -450,000

Taseko Mines Limited Common Shares Thiessen, Ronald William 4 31/12/2014 11 1.16 447,695 -241,509

Taseko Mines Limited Options Thiessen, Ronald William 4 05/01/2015 52 4.46 375,000 -125,000

Taylor North American Equity Opportunities Fund

Units Taylor North American Equity Opportunities Fund

1 01/12/2014 38 11.67 1,500 1,500



1 01/12/2014 38 11.67 0 -1,500



1 01/12/2014 38 11.82 3,000 3,000



1 01/12/2014 38 11.82 0 -3,000



1 02/12/2014 38 11.64 3,000 3,000



1 02/12/2014 38 11.64 0 -3,000



1 08/12/2014 38 11.69 3,000 3,000



1 08/12/2014 38 11.69 0 -3,000



1 10/12/2014 38 11.35 3,000 3,000



1 10/12/2014 38 11.35 0 -3,000



1 15/12/2014 38 11.24 3,000 3,000



1 15/12/2014 38 11.24 0 -3,000



1 29/12/2014 38 11.98 3,000 3,000



1 29/12/2014 38 11.98 0 -3,000

Tech Leaders Income Fund Units Tech Leaders Income Fund 1 01/12/2014 38 10.51 3,000 3,000

Tech Leaders Income Fund Units Tech Leaders Income Fund 1 01/12/2014 38 10.51 0 -3,000



Tech Leaders Income Fund Units Tech Leaders Income Fund 1 03/12/2014 38 10.45 100 100

Tech Leaders Income Fund Units Tech Leaders Income Fund 1 03/12/2014 38 10.45 0 -100

















Insider Reporting

January 15, 2015

(2015), 38 OSCB 506



Acquired/ Disposed









Teck Resources Limited Performance Share Units Andres, Dale Edwin 5 02/01/2015 56 16.13 12,291 333

Teck Resources Limited Restricted Share Units Andres, Dale Edwin 5 02/01/2015 56 16.13 22,599 612

Teck Resources Limited Deferred Share Units Ashar, Mayank Mulraj 4 31/12/2014 56 15.88 36,161 944

Teck Resources Limited Deferred Share Units Ashar, Mayank Mulraj 4 02/01/2015 56 16.13 37,140 979

Teck Resources Limited Deferred Share Units Bennett, Jalynn H. 4 31/12/2014 56 15.88 30,696 472

Teck Resources Limited Deferred Share Units Bennett, Jalynn H. 4 02/01/2015 56 16.13 31,534 838

Teck Resources Limited Restricted Share Units Bennett, Jalynn H. 4 02/01/2015 56 16.13 4,075 110

Teck Resources Limited Deferred Share Units Bolton, Hugh John 4 02/01/2015 56 16.13 40,563 1,095

Teck Resources Limited Deferred Share Units Chee, Felix 4 02/01/2015 56 16.13 19,609 530

Teck Resources Limited Restricted Share Units Chee, Felix 4 02/01/2015 56 16.13 1,968 53

Teck Resources Limited Performance Share Units Christopher, Alexander 5 02/01/2015 56 16.13 9,153 248

Teck Resources Limited Restricted Share Units Christopher, Alexander 5 02/01/2015 56 16.13 23,258 630

Teck Resources Limited Deferred Share Units Cockwell, Jack Lynn 4 31/12/2014 56 31,975 944

Teck Resources Limited Deferred Share Units Cockwell, Jack Lynn 4 02/01/2015 30 32,838 863

Teck Resources Limited Performance Share Units Davey, Larry 5 02/01/2015 56 16.13 1,516 41

Teck Resources Limited Restricted Share Units Davey, Larry 5 02/01/2015 56 16.13 7,253 196

Teck Resources Limited Deferred Share Units Dowling, Edward Camp 4 31/12/2014 56 15.88 13,704 944

Teck Resources Limited Deferred Share Units Dowling, Edward Camp 4 02/01/2015 56 16.13 14,059 355

Teck Resources Limited Performance Share Units Foley, Real 7 02/01/2015 56 16.13 6,799 184

Teck Resources Limited Restricted Share Units Foley, Real 7 02/01/2015 56 16.13 17,107 463

Teck Resources Limited Deferred Share Units Golding, Andrew 5 02/01/2015 56 16.13 10,795 292

Teck Resources Limited Performance Share Units Golding, Andrew 5 02/01/2015 56 16.13 12,291 333

Teck Resources Limited Restricted Share Units Golding, Andrew 5 02/01/2015 56 16.13 10,795 292

Teck Resources Limited Performance Share Units Joudrie, Colin 5 02/01/2015 56 16.13 3,138 85

Teck Resources Limited Restricted Share Units Joudrie, Colin 5 02/01/2015 56 16.13 6,935 188

Teck Resources Limited Deferred Share Units Keevil III, Norman 4 02/01/2015 56 16.13 9,810 265

Teck Resources Limited Restricted Share Units Keevil III, Norman 4 02/01/2015 56 16.13 8,152 220

Teck Resources Limited Restricted Share Units Keevil, Norman Bell 3, 4 02/01/2015 56 16.13 24,464 663

Teck Resources Limited Deferred Share Units Kilgour, Ian 5 02/01/2015 56 16.13 37,189 1,007

Teck Resources Limited Performance Share Units Kilgour, Ian 5 02/01/2015 56 16.13 18,044 489

Teck Resources Limited Restricted Share Units Kilgour, Ian 5 02/01/2015 56 16.13 20,413 553

Teck Resources Limited Deferred Share Units Kubota, Takeshi 4 31/12/2014 56 15.88 17,121 944

Teck Resources Limited Deferred Share Units Kubota, Takeshi 4 02/01/2015 56 16.13 17,571 450

Teck Resources Limited Deferred Share Units Kuriyama, Takashi 4 31/12/2014 56 15.88 42,527 944

Teck Resources Limited Deferred Share Units Kuriyama, Takashi 4 02/01/2015 56 16.13 43,683 1,156

Teck Resources Limited Deferred Share Units Lindsay, Donald Richard 5 02/01/2015 56 16.13 186,647 5,064

Teck Resources Limited Performance Share Units Lindsay, Donald Richard 5 02/01/2015 56 16.13 57,012 1,547

Teck Resources Limited Restricted Share Units Lindsay, Donald Richard 5 02/01/2015 56 16.13 144,372 3,918

Teck Resources Limited Deferred Share Units Millos, Ronald Allen 7 02/01/2015 56 16.13 170,837 4,633

Teck Resources Limited Performance Share Units Millos, Ronald Allen 7 02/01/2015 56 16.13 14,906 404

Teck Resources Limited Restricted Share Units Millos, Ronald Allen 7 02/01/2015 56 16.13 7,975 216

Teck Resources Limited Deferred Share Units Powrie, Douglas 5 02/01/2015 56 16.13 23,962 649

Teck Resources Limited Performance Share Units Powrie, Douglas 5 02/01/2015 56 16.13 8,107 220

Teck Resources Limited Restricted Share Units Powrie, Douglas 5 02/01/2015 56 16.13 10,421 282

Teck Resources Limited Deferred Share Units Reipas, Ray 5 02/01/2015 56 16.13 95,940 2,601

Teck Resources Limited Performance Share Units Reipas, Ray 5 02/01/2015 56 16.13 9,153 248

Teck Resources Limited Restricted Share Units Reipas, Ray 5 02/01/2015 56 16.13 7,052 191

Teck Resources Limited Deferred Share Units Rennie, Janice Gaye 4 02/01/2015 56 16.13 22,213 600

Teck Resources Limited Restricted Share Units Rennie, Janice Gaye 4 02/01/2015 56 16.13 3,937 106

Teck Resources Limited Deferred Share Units Rozee, Peter Charles 5 02/01/2015 56 16.13 188,831 5,120

Insider Reporting

January 15, 2015

(2015), 38 OSCB 507



Acquired/ Disposed

Teck Resources Limited Performance Share Units Rozee, Peter Charles 5 02/01/2015 56 16.13 14,906 404

Teck Resources Limited Restricted Share Units Rozee, Peter Charles 5 02/01/2015 56 16.13 21,826 592

Teck Resources Limited Deferred Share Units Scott, Rob 5 02/01/2015 56 16.13 12,291 333

Teck Resources Limited Performance Share Units Scott, Rob 5 02/01/2015 56 16.13 12,291 333

Teck Resources Limited Restricted Share Units Scott, Rob 5 02/01/2015 56 16.13 18,990 515

Teck Resources Limited Deferred Share Units Seyffert, Warren S. R. 4 31/12/2014 56 15.88 51,767 944

Teck Resources Limited Deferred Share Units Seyffert, Warren S. R. 4 02/01/2015 56 16.13 53,179 1,412

Teck Resources Limited Performance Share Units Sheremeta, Robin 5 02/01/2015 56 16.13 6,799 184

Teck Resources Limited Restricted Share Units Sheremeta, Robin 5 02/01/2015 56 16.13 17,107 463

Teck Resources Limited Deferred Share Units Smith, Marcia 5 02/01/2015 56 16.13 12,852 348

Teck Resources Limited Performance Share Units Smith, Marcia 5 02/01/2015 56 16.13 12,291 333

Teck Resources Limited Restricted Share Units Smith, Marcia 5 02/01/2015 56 16.13 17,792 482

Teck Resources Limited Deferred Share Units Thompson, Chris M 4 02/01/2015 56 16.13 46,294 1,252

Teck Resources Limited Performance Share Units Watson, Tim 5 02/01/2015 56 16.13 12,291 333

Teck Resources Limited Restricted Share Units Watson, Tim 5 02/01/2015 56 16.13 31,281 848

TELUS Corporation Deferred Share Units Auchinleck, Richard H. (Dick)

4 31/12/2014 30 124,147 1,213

TELUS Corporation Deferred Share Units Auchinleck, Richard H. (Dick)

4 31/12/2014 30 124,872 725

TELUS Corporation Deferred Share Units Baillie, A. Charles 4 31/12/2014 30 119,524 1,169

TELUS Corporation Deferred Share Units Baillie, A. Charles 4 31/12/2014 30 120,035 511

TELUS Corporation Deferred Share Units Haddad, Mary Jo 4 31/12/2014 30 3,795 34

TELUS Corporation Deferred Share Units Haddad, Mary Jo 4 31/12/2014 30 4,051 256

TELUS Corporation Deferred Share Units Lacey, John Stewart 4 31/12/2014 30 95,860 939

TELUS Corporation Deferred Share Units Lacey, John Stewart 4 31/12/2014 30 96,116 256

TELUS Corporation Common Shares Lewis, Stephen Flynn 5 01/01/2015 00

TELUS Corporation Common Shares Lewis, Stephen Flynn 5 01/01/2015 00

TELUS Corporation Common Shares Lewis, Stephen Flynn 5 01/01/2015 00 9,238

TELUS Corporation Options Lewis, Stephen Flynn 5 01/01/2015 00 17,708

TELUS Corporation Restricted Share Units Lewis, Stephen Flynn 5 01/01/2015 00 13,781

TELUS Corporation Deferred Share Units Manley, John Paul 4 31/12/2014 30 14,750 139

TELUS Corporation Deferred Share Units Manley, John Paul 4 31/12/2014 30 15,261 511

TELUS Corporation Common Shares TELUS Corporation 1 01/12/2014 38 43.62 92,400 22,900

TELUS Corporation Common Shares TELUS Corporation 1 01/12/2014 38 69,100 -23,300



















TELUS Corporation Common Shares TELUS Corporation 1 15/12/2014 38 39.56 1,322,200 1,200,000

TELUS Corporation Common Shares TELUS Corporation 1 15/12/2014 38 1,272,600 -49,600

TELUS Corporation Common Shares TELUS Corporation 1 16/12/2014 38 42.3 1,296,200 23,600





Insider Reporting

January 15, 2015

(2015), 38 OSCB 508



Acquired/ Disposed

TELUS Corporation Common Shares TELUS Corporation 1 18/12/2014 38 70,900 -1,200,000















Temple Hotels Inc. Common Shares Beeston, Larry James 5 05/01/2015 10 3.95 10,900 300

Temple Hotels Inc. Common Shares Beeston, Larry James 5 05/01/2015 10 3.94 11,600 700

Temple Hotels Inc. Deferred Shares Hill Blaisdell, Rosanne Michelle

4 31/12/2014 56 9,918 1,603

Temple Hotels Inc. Deferred Shares Marlin, Rodney Frank 4 01/01/2015 56 22,236 3,189

Temple Hotels Inc. Deferred Shares McLean, Brent John 4 31/12/2014 56 7,365 914

Temple Hotels Inc. Deferred Shares Nunn, David John 4 31/12/2014 56 16,811 2,830

Temple Hotels Inc. Deferred Shares Wells, Douglas Norman 4 31/12/2014 58 - Expiration of rights

5,892 1,385

Teras Resources Inc. Common Shares Consolidated Goldfields Corporation

3 05/01/2015 10 0.075 13,541,000 -72,000


3 06/01/2015 10 0.0777 13,523,000 -18,000


3 06/01/2015 10 0.071 13,516,000 -7,000


3 07/01/2015 10 0.071 13,472,000 -44,000

Teras Resources Inc. Options Leger, Peter 4, 5 07/01/2015 50 0.085 1,400,000 500,000

Teras Resources Inc. Common Shares Padley, Michael Gordon 4, 5 07/01/2015 00 3,777,000

Teras Resources Inc. Options Padley, Michael Gordon 4, 5 07/01/2015 00



Teras Resources Inc. Options Padley, Michael Gordon 4, 5 07/01/2015 50 0.085 500,000 500,000

TerraVest Capital Inc. Common Shares Cook, Blair 4 01/11/2012 00

TerraVest Capital Inc. Common Shares Cook, Blair 4 06/01/2015 10 5.89 1,050 1,050

TerraVest Capital Inc. Common Shares Cook, Blair 4 06/01/2015 10 5.91 5,400 1,100

TerraVest Capital Inc. Common Shares TerraVest Capital Inc. 1 06/01/2015 38 5.85 11,000 2,900

TerraVest Capital Inc. Common Shares TerraVest Capital Inc. 1 06/01/2015 38 5.85 600

TerraVest Capital Inc. Common Shares TerraVest Capital Inc. 1 06/01/2015 38 5.85 600

TerraVest Capital Inc. Common Shares TerraVest Capital Inc. 1 07/01/2015 38 5.89 3,900

TerraVest Capital Inc. Common Shares TerraVest Capital Inc. 1 07/01/2015 38 5.89 3,900

TerraVest Capital Inc. Common Shares TerraVest Capital Inc. 1 07/01/2015 38 5.85 11,600 600




Tesco Corporation Common Shares Assing, Fernando Rafael 4, 5 31/12/2014 57 241,832 7,150

Tesco Corporation Common Shares Assing, Fernando Rafael 4, 5 31/12/2014 57 246,892 5,060

Tesco Corporation Common Shares Assing, Fernando Rafael 4, 5 05/01/2015 10 12.347 241,563 -5,329

Tesco Corporation Rights PSUs - OI Assing, Fernando Rafael 4, 5 31/12/2014 57 16,500 -5,500

Tesco Corporation Rights PSUs - TSR Assing, Fernando Rafael 4, 5 31/12/2014 57 16,500 -5,500

Tesco Corporation Common Shares Boone, Christopher Laird 5 01/01/2015 57 2,533 2,533

Tesco Corporation Common Shares Boone, Christopher Laird 5 07/01/2015 10 11.331 1,589 -944

Tesco Corporation Rights RSUs - Restricted Stock Units

Boone, Christopher Laird 5 01/01/2015 57 16,567 -2,533

Tesco Corporation Common Shares Ferris, Mihial Dean 5 31/12/2014 57 12,812 5,720

Insider Reporting

January 15, 2015

(2015), 38 OSCB 509



Acquired/ Disposed

Tesco Corporation Common Shares Ferris, Mihial Dean 5 31/12/2014 57 16,860 4,048

Tesco Corporation Common Shares Ferris, Mihial Dean 5 05/01/2015 10 12.214 14,048 -2,812

Tesco Corporation Rights PSUs - OI Ferris, Mihial Dean 5 31/12/2014 57 9,600 -4,400

Tesco Corporation Rights PSUs - TSR Ferris, Mihial Dean 5 31/12/2014 57 9,600 -4,400

Tesco Corporation Common Shares Quintana, Julio Manuel 4 31/12/2014 57 267,589 28,340

Tesco Corporation Common Shares Quintana, Julio Manuel 4 31/12/2014 57 287,645 20,056

Tesco Corporation Common Shares Quintana, Julio Manuel 4 05/01/2015 10 12.124 266,138 -21,507

Tesco Corporation Rights PSUs - OI Quintana, Julio Manuel 4 31/12/2014 57 41,300 -21,800

Tesco Corporation Rights PSUs - TSR Quintana, Julio Manuel 4 31/12/2014 57 41,300 -21,800

The North West Company Inc.

Common Shares Chatyrbok, David Michael 4 05/01/2015 10 26.47 21,108 1,632


Common Shares Chatyrbok, David Michael 4 05/01/2015 10 26.47 22,748 1,640


Common Shares Chatyrbok, David Michael 4 05/01/2015 10 26.47 22,330 -418


Common Shares Chatyrbok, David Michael 4 05/01/2015 10 26.47 21,914 -416


Options Chatyrbok, David Michael 4 05/01/2015 51 19.11 38,082 -5,866


Options Chatyrbok, David Michael 4 05/01/2015 52 15.25 -3,867


Options Chatyrbok, David Michael 4 05/01/2015 51 15.25 34,215 -3,867


Common Shares Gilpin, Craig 5 19/12/2014 10 26.13 5,279 3,905


Common Shares Gilpin, Craig 5 19/12/2014 10 26.13 4,291 -988


Common Shares Gilpin, Craig 5 05/01/2015 10 26.47 6,452 2,161


Common Shares Gilpin, Craig 5 05/01/2015 10 26.47 5,898 -554


Options Gilpin, Craig 5 19/12/2014 51 19.11 137,655 -14,534


Options Gilpin, Craig 5 05/01/2015 51 20.62 127,877 -9,778


Options Gilpin, Craig 5 05/01/2015 10 20.62 2,161


Options Gilpin, Craig 5 05/01/2015 10 20.62 2,161


Common Shares King, John 5 05/01/2015 10 26.47 28,153 1,159






Common Shares King, John 5 05/01/2015 10 26.47 30,648 -302






Options King, John 5 05/01/2015 51 15.25 111,530 -2,734






Common Shares McConnell, Daniel, George 5 19/12/2014 10 26.13 8,256 565


Common Shares McConnell, Daniel, George 5 19/12/2014 10 26.13 9,395 1,139


Common Shares McConnell, Daniel, George 5 19/12/2014 10 26.13 9,252 -143



Insider Reporting

January 15, 2015

(2015), 38 OSCB 510



Acquired/ Disposed


Common Shares McConnell, Daniel, George 5 05/01/2015 10 26.47 9,387 423




Options McConnell, Daniel, George 5 19/12/2014 51 19.11 55,802 -2,100





Thompson Creek Metals Company Inc.

Common Shares Berzins, Ian Martin 5 31/12/2014 30 1.42 6,418 3,923


Common Shares Cassity, Wendy Jean 5 31/12/2014 30 1.42 24,735 2,734


Common Shares Perron, Jacques 4, 5 31/12/2014 30 1.42 74,905 4,172

Thomson Reuters Corporation

Common Shares Thomson Reuters Corporation

1 01/12/2014 38 45.527 503,000 85,000



1 01/12/2014 38 40.106 563,000 60,000



1 02/12/2014 38 45.275 641,000 78,000



1 02/12/2014 38 39.713 701,000 60,000



1 03/12/2014 38 45.35 778,400 77,400



1 03/12/2014 38 39.899 840,400 62,000



1 04/12/2014 38 45.217 922,400 82,000



1 04/12/2014 38 39.737 982,400 60,000



1 05/12/2014 38 45.368 636,400 72,000



1 05/12/2014 38 39.678 706,400 70,000



1 05/12/2014 38 -701,000



1 05/12/2014 38 -701,000



1 05/12/2014 38 423,400 -283,000



1 08/12/2014 38 45.143 499,400 76,000



1 08/12/2014 38 39.398 561,400 62,000



1 09/12/2014 38 44.741 639,400 78,000



1 09/12/2014 38 39.149 699,400 60,000



1 10/12/2014 38 44.661 783,400 84,000



1 10/12/2014 38 38.905 843,400 60,000



1 11/12/2014 38 45.128 923,400 80,000



1 11/12/2014 38 39.153 983,400 60,000



1 12/12/2014 38 44.968 1,063,100 79,700



1 12/12/2014 38 38.887 1,123,100 60,000



1 12/12/2014 38 423,700 -699,400



1 15/12/2014 38 45.018 503,700 80,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 511



Acquired/ Disposed



1 15/12/2014 38 38.728 563,700 60,000



1 16/12/2014 38 45.678 643,700 80,000



1 16/12/2014 38 39.357 703,700 60,000



1 17/12/2014 38 45.861 783,700 80,000



1 17/12/2014 38 39.443 843,700 60,000



1 18/12/2014 38 45.841 923,700 80,000



1 18/12/2014 38 39.521 983,700 60,000



1 19/12/2014 38 46.549 1,063,700 80,000



1 19/12/2014 38 40.128 1,123,200 59,500



1 19/12/2014 38 419,500 -703,700



1 22/12/2014 38 47.042 474,500 55,000



1 22/12/2014 38 40.412 509,500 35,000



1 23/12/2014 38 47.385 564,500 55,000



1 23/12/2014 38 40.756 599,500 35,000



1 24/12/2014 38 47.666 642,500 43,000



1 24/12/2014 38 41.044 677,500 35,000



1 24/12/2014 38 258,000 -419,500



1 26/12/2014 38 41.339 347,910 89,910



1 29/12/2014 38 47.553 402,710 54,800



1 29/12/2014 38 40.865 437,710 35,000



1 30/12/2014 38 47.131 492,210 54,500



1 30/12/2014 38 40.597 527,210 35,000



1 31/12/2014 38 47.076 582,210 55,000



1 31/12/2014 38 40.534 617,210 35,000



1 31/12/2014 38 269,300 -347,910



1 09/01/2015 38 0 -269,300

Thunderbird Resorts, Inc. Common Shares Gruenberg, Georg 4 16/12/2013 00

Thunderbird Resorts, Inc. Common Shares Gruenberg, Georg 4 06/01/2015 46 0.73 33,506

Thunderbird Resorts, Inc. Common Shares Gruenberg, Georg 4 06/01/2015 46 0.77 2,597 2,597

Thunderbird Resorts, Inc. Common Shares Gruenberg, Georg 4 06/01/2015 46 0.35 139,739 137,142

Thunderbird Resorts, Inc. Common Shares Linter, Marie Madeleine 4 06/01/2015 46 0.35 200,626 137,142

Thunderbird Resorts, Inc. Common Shares Vicari, Douglas 4 06/01/2015 46 0.35 247,794 137,142

Thunderbird Resorts, Inc. Common Shares Vicari, Douglas 4 06/01/2015 46 0.35 384,936 137,142

Till Capital Ltd. Restricted Voting Shares Rickard, John Terrell 7 07/01/2015 10 7.82 196,911 -1,000

Till Capital Ltd. Restricted Voting Shares Till Capital Ltd. 1 03/12/2014 10 8 47,600 1,500

Till Capital Ltd. Restricted Voting Shares Till Capital Ltd. 1 04/12/2014 10 8 47,700 100




Insider Reporting

January 15, 2015

(2015), 38 OSCB 512



Acquired/ Disposed





Till Capital Ltd. Restricted Voting Shares Till Capital Ltd. 1 17/12/2014 10 7.92 59,300 700

Till Capital Ltd. Restricted Voting Shares Till Capital Ltd. 1 18/12/2014 10 7.92 60,400 1,100



Till Capital Ltd. Restricted Voting Shares Till Capital Ltd. 1 31/12/2014 38 20,300 -43,500

Timmins Gold Corp. Options Bonilla, Miguel 5 31/12/2014 50 1.03 900,000 150,000

Timmins Gold Corp. Options Bonillas Zepeda, Francisco Arturo

5 31/12/2014 50 1.03 3,000,000 500,000

Timmins Gold Corp. Options Bragagnolo, Bruce 4, 5 31/12/2014 50 1.03 3,000,000 500,000

Timmins Gold Corp. Options Kapusianyk, Leslie 5 31/12/2014 50 1.03 450,000 100,000

Timmins Gold Corp. Options Prins, Darren 5 31/12/2014 50 1.03 600,000 150,000

Timmins Gold Corp. Options Singh, Taj 5 31/12/2014 50 1.03 400,000 100,000

Timmins Gold Corp. Options Soto Bedolla, Miguel Angel 5 31/12/2014 50 1.03 975,000 150,000

Timmins Gold Corp. Options Tsakumis, Alexander 5 31/12/2014 50 1.03 250,000 100,000

Toromont Industries Ltd. Rights Deferred Share Units (cash settled)

Casson, Randall 7, 2 02/01/2015 56 28.46 16,523 87


Chisholm, Jeffrey Scott 4 31/12/2014 56 28.38 8,920 189


Chisholm, Jeffrey Scott 4 02/01/2015 56 28.46 8,966 46


Cochrane, Jennifer 5 02/01/2015 56 28.46 4,521 24


Cranston, Cathryn Elizabeth 4 30/06/2014 56 26.01 461


Cranston, Cathryn Elizabeth 4 30/06/2014 56 26.01 3,649 615














Cuddy, Mike 7 02/01/2015 56 28.46 10,586 55


Franklin, Robert 4 30/09/2013 56 325


Franklin, Robert 4 30/09/2013 56 23,641 411


Franklin, Robert 4 31/12/2013 56 26.62 282


Franklin, Robert 4 31/12/2013 56 26.62 24,841 432


Franklin, Robert 4 31/03/2014 56 25.3 296


Franklin, Robert 4 31/03/2014 56 25.3 26,014 415


Franklin, Robert 4 01/04/2014 56 25.37 150


Franklin, Robert 4 01/04/2014 56 25.37 26,165 151


Franklin, Robert 4 30/06/2014 56 26.01 288


Franklin, Robert 4 30/06/2014 56 26.01 27,139 365

Insider Reporting

January 15, 2015

(2015), 38 OSCB 513



Acquired/ Disposed


Franklin, Robert 4 02/07/2014 56 26.07 152


Franklin, Robert 4 02/07/2014 56 26.07 27,293 154


Franklin, Robert 4 30/09/2014 56 26.92 279


Franklin, Robert 4 30/09/2014 56 26.92 28,282 390


Franklin, Robert 4 01/10/2014 56 26.94 153


Franklin, Robert 4 01/10/2014 56 26.94 28,437 155


Franklin, Robert 4 31/12/2014 56 28.38 29,516 511


Franklin, Robert 4 02/01/2015 56 28.46 29,669 153


GALLOWAY, DAVID ALEXANDER

4 30/09/2013 56 628



4 30/09/2013 56 40,918 801



4 31/12/2013 56 26.62 545



4 31/12/2013 56 26.62 42,701 920



4 02/01/2014 56 26.66 203



4 02/01/2014 56 26.66 42,905 204



4 31/03/2014 56 25.3 573



4 31/03/2014 56 25.3 44,433 889



4 01/04/2014 56 25.37 254



4 01/04/2014 56 25.37 44,691 258



4 30/06/2014 56 26.01 557



4 30/06/2014 56 26.01 46,011 711



4 02/07/2014 56 26.07 256



4 02/07/2014 56 26.07 46,272 261



4 30/09/2014 56 26.92 539



4 30/09/2014 56 26.92 47,633 762



4 01/10/2014 56 26.94 255



4 01/10/2014 56 26.94 47,894 261



4 31/12/2014 56 28.38 49,466 1,004



4 02/01/2015 56 28.46 49,721 255


Hill, Wayne S. 4, 5 02/01/2015 56 28.46 5,295 28


Jewer, Paul Randolph 5 02/01/2015 56 28.46 31,740 166

Toromont Industries Ltd. Common Shares Malinauskas, David Allan 5 01/01/2015 00 70



Toromont Industries Ltd. Common Shares Malinauskas, David Allan 5 01/01/2015 00 2,926



Insider Reporting

January 15, 2015

(2015), 38 OSCB 514



Acquired/ Disposed

Toromont Industries Ltd. Options Malinauskas, David Allan 5 01/01/2015 00 35,340


Malinauskas, David Allan 5 01/01/2015 00 491


Malinauskas, David Allan 5 02/01/2015 56 28.46 494 3


McCallum, John S. 4 02/01/2015 56 28.46 5,295 28


Medhurst, Scott 4, 5 02/01/2015 56 28.46 12,281 64


Rethy, Katherine Anne 4 31/12/2014 56 28.38 4,835 189


Rethy, Katherine Anne 4 02/01/2015 56 28.46 4,859 24


Wetherald, David 5 02/01/2015 56 28.46 12,982 68

Torstar Corporation Options Class B non-voting shares

Barber, Jennifer 5 02/01/2015 50 40,000 21,250

Torstar Corporation Rights Restricted Share Units

Barber, Jennifer 5 02/01/2015 56 8,044


Barber, Jennifer 5 02/01/2015 56 6.34 22,880 8,044

Torstar Corporation Rights Deferred Share Units

Berger, Elaine Margaret Ellen

4 31/12/2014 56 36,438 2,185


Beyette, Marie Elizabeth 5 02/01/2015 50 164,250 25,313


Beyette, Marie Elizabeth 5 02/01/2015 56 9,582


Beyette, Marie Elizabeth 5 02/01/2015 56 6.34 39,121 9,582


Beyette, Marie Elizabeth 5 02/01/2015 59 33,221 -5,900


Bishop, Peter George 7 02/01/2015 48 - Acquisition by inheritance or disposition by bequest

25,000


Bishop, Peter George 7 02/01/2015 50 116,688 25,000


Bishop, Peter George 7 02/01/2015 56 6.34 36,694 9,464


Bishop, Peter George 7 02/01/2015 59 31,741 -4,953


Cruickshank, John Douglas 5 02/01/2015 50 576,563 168,750


Cruickshank, John Douglas 5 31/12/2014 56 16,008 316


Cruickshank, John Douglas 5 02/01/2015 56 6.34 93,491 21,293


Cruickshank, John Douglas 5 02/01/2015 59 73,823 -19,668


Dea, Joan 4 31/12/2014 56 39,471 2,245


DeMarchi, Lorenzo John David

5 02/01/2015 50 645,562 180,000



5 02/01/2015 56 22,713



5 02/01/2015 56 6.34 99,724 22,713



5 02/01/2015 59 78,745 -20,979


Harvey, Campbell Russell 3, 4 31/12/2014 56 44,401 2,342


Holland, David Patrick 4, 5 02/01/2015 50 525,000


Holland, David Patrick 4, 5 02/01/2015 50 2,008,750 525,000


Holland, David Patrick 4, 5 31/12/2014 56 48,420 956


Holland, David Patrick 4, 5 02/01/2015 59 163,426 -61,189

Insider Reporting

January 15, 2015

(2015), 38 OSCB 515



Acquired/ Disposed


Holland, David Patrick 4, 5 02/01/2015 56 66,246


Holland, David Patrick 4, 5 02/01/2015 56 6.34 229,672 66,246


Honderich, John Allen 3, 4 31/12/2014 56 41,386 2,283


Hughes, Linda 4 31/12/2014 56 29,492 2,048


Jauernig, Daniel 4 31/12/2014 56 69,425 4,678


McLeod, Ian Alexander 7 02/01/2015 50 41,361 16,250


McLeod, Ian Alexander 7 02/01/2015 56 6.34 22,981 6,151


McLeod, Ian Alexander 7 02/01/2015 59 12,190 -10,791


Oliver, Ian Alan 7 02/01/2015 50 474,442 168,750


Oliver, Ian Alan 7 31/12/2014 56 15,725 311


Oliver, Ian Alan 7 02/01/2015 56 6.34 109,499 21,293


Oliver, Ian Alan 7 02/01/2015 59 99,665 -9,834


Samji, Alnasir Hussein Habib

4 31/12/2014 56 52,548 2,503


Smith, David Todd 5 02/01/2015 50 181,265 25,313


Smith, David Todd 5 02/01/2015 56 9,582


Smith, David Todd 5 02/01/2015 56 6.34 39,121 9,582


Smith, David Todd 5 02/01/2015 59 33,221 -5,900


Strachan, Dorothy Ann Regina

4 31/12/2014 56 14,994 2,514


Thall, Martin 4 31/12/2014 56 44,401 2,342


Weiss, Paul Raymond 4 31/12/2014 56 40,113 2,258


Yaffe, Phyllis 4 31/12/2014 56 45,941 3,261

Toscana Energy Income Corporation

Common Shares Toscana Energy Income Corporation

1 01/12/2014 38 10.73 3,000 1,000



1 02/12/2014 38 10.9 3,085 1,085



1 03/12/2014 38 11.056 3,085 1,000



1 04/12/2014 38 10.91 4,085 1,000



1 04/12/2014 38 3,085 -1,000



1 05/12/2014 38 10.67 4,085 1,000



1 05/12/2014 38 3,000 -1,085



1 08/12/2014 38 9.9041 4,085 1,085



1 08/12/2014 38 3,085 -1,000



1 09/12/2014 38 9 4,085 1,000



1 09/12/2014 38 3,085 -1,000



1 10/12/2014 38 8.84 4,085 1,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 516



Acquired/ Disposed



1 10/12/2014 38 3,085 -1,000



1 11/12/2014 38 8.15 4,085 1,000



1 11/12/2014 38 3,000 -1,085



1 12/12/2014 38 8.0686 4,085 1,085



1 12/12/2014 38 3,085 -1,000



1 15/12/2014 38 8.358 4,085 1,000



1 15/12/2014 38 3,085 -1,000



1 16/12/2014 38 8.946 4,085 1,000



1 16/12/2014 38 3,085 -1,000



1 17/12/2014 38 9.15 4,085 1,000



1 17/12/2014 38 3,000 -1,085



1 18/12/2014 38 9.5 4,000 1,000



1 18/12/2014 38 3,000 -1,000



1 19/12/2014 38 9.8583 4,085 1,085



1 19/12/2014 38 3,085 -1,000



1 22/12/2014 38 9.966 4,085 1,000



1 22/12/2014 38 3,085 -1,000



1 23/12/2014 38 2,085 -1,000



1 24/12/2014 38 10.72 3,085 1,000



1 24/12/2014 38 9.859 4,085 1,000



1 24/12/2014 38 3,000 -1,085



1 29/12/2014 38 9.67 4,000 1,000



1 29/12/2014 38 3,000 -1,000



1 30/12/2014 38 10 3,200 200



1 31/12/2014 38 2,200 -1,000



1 31/12/2014 38 1,200 -1,000



1 02/01/2015 38 200 -1,000



1 05/01/2015 38 0 -200

Total Energy Services Inc. Common Shares Hassel, Dennis Reinhold 5 27/06/2014 00

Total Energy Services Inc. Common Shares Hassel, Dennis Reinhold 5 05/01/2015 10 12.77 15,000 15,000

Total Energy Services Inc. Common Shares Pachkowski, Bruce Lawrence

4 05/01/2015 10 12.72 169,300 4,000

Touchstone Exploration Inc. Common Shares WRIGHT, JOHN DAVID 4, 5 07/01/2015 10 0.32 2,566,508 48,000

TransCanada Corporation Common Shares Stewart, Donald Michael Godfrey

4 31/12/2014 30 52.23 1,829 62


4 31/12/2014 30 52.25 12,944 137


4 31/12/2014 30 52.24 13,275 331

Insider Reporting

January 15, 2015

(2015), 38 OSCB 517



Acquired/ Disposed

Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)

Desaulniers, Christine 7, 5 08/01/2015 56 16.02 37,345 14,134


Gentiletti, Nelson 7, 5 08/01/2015 56 16.02 84,039 31,198


Laviolette, Katya 5 08/01/2015 56 16.02 31,383 11,652


Marcoux, Pierre 4, 7 08/01/2015 56 16.02 20,882 6,328


Markle, Edward John 7, 5 08/01/2015 56 16.02 69,161 26,480


Morissette, Sylvain 5 08/01/2015 56 16.02 19,167 7,258


Olivier, François 4, 7, 5 08/01/2015 56 16.02 360,152 122,248


Reid, Brian 7, 5 08/01/2015 56 16.02 88,639 31,836

TransForce Inc. Deferred Share Units Bouchard, Lucien 4 31/12/2014 56 29351 834

TransForce Inc. Deferred Share Units Bouchard, Lucien 4 31/12/2014 56 29.51 40,522 834

TransForce Inc. Deferred Share Units Saputo, Joey 4 31/12/2014 56 29.51 25,538 391

TransForce Inc. Common Shares TransForce Inc. 1 02/12/2014 38 29 46,800 46,800

TransForce Inc. Common Shares TransForce Inc. 1 03/12/2014 38 29 48,300 1,500

TransForce Inc. Common Shares TransForce Inc. 1 04/12/2014 38 28.97 99,300 51,000








TransForce Inc. Common Shares TransForce Inc. 1 19/12/2014 38 0 -410,900

Traverse Energy Ltd. Common Shares smith, laurie james 3, 4, 5 02/01/2015 10 0.83 5,465,800 3,000


Traverse Energy Ltd. Common Shares smith, laurie james 3, 4, 5 07/01/2015 10 0.84 5,469,800 500


Tribute Pharmaceuticals Canada Inc. (formerly Stellar Pharmaceuticals Inc.)

Common Shares The K2 Principal Fund L.P. 3 31/12/2014 10 0.53 9,222,125 2,000

Tribute Pharmaceuticals Canada Inc. (formerly Stellar Pharmaceuticals Inc.)

Common Shares The K2 Principal Fund L.P. 3 06/01/2015 10 0.5281 9,267,625 45,500

Trican Well Service Ltd. Rights Deferred Share Units (DSUs)

Pourbaix, Alex 4 31/12/2014 56 36,049 4,488

Trican Well Service Ltd. Rights Deferred Share Units (DSUs)

Taylor, Dean Edward 4 31/12/2014 56 26,294 1,975

Trican Well Service Ltd. Common Shares Trican Well Service Ltd. 1 01/12/2014 38 7.33 20,000 20,000

Trican Well Service Ltd. Common Shares Trican Well Service Ltd. 1 01/12/2014 38 7.33 0 -20,000





Insider Reporting

January 15, 2015

(2015), 38 OSCB 518



Acquired/ Disposed















Trilogy Energy Corp. Common Shares Riddell, Clayton H. 3, 4, 6 07/01/2015 10 6.9499 45,000 15,000

Trilogy Energy Corp. Common Shares Riddell, Clayton H. 3, 4, 6 08/01/2015 10 7.1356 991,761 150,000

Trilogy Energy Corp. Common Shares Williams, John B. 5 07/01/2015 10 6.7803 159,106 10,000

Trimac Transportation Ltd. Common Shares Class A McCaig, Jeffrey James 4 02/01/2015 11 6.75 990,419 -15,000

Trimac Transportation Ltd. Common Shares Class A McCaig, Jeffrey James 4 01/01/2011 00

Trimac Transportation Ltd. Common Shares Class A McCaig, Jeffrey James 4 02/01/2015 11 6.75 15,000 15,000

Trimac Transportation Ltd. Common Shares Class A McCaig, Jeffrey James 4 02/01/2015 47 6.75 0 -15,000

Trimac Transportation Ltd. Rights Deferred Share Units

Mulherin, Stephen W.C. 4 02/01/2015 56 6.66 14,504 7,808

Trimac Transportation Ltd. Rights Deferred Share Units

Patava, Miroslav Jerry 4 02/01/2015 56 6.66 9,623 4,618

Trimac Transportation Ltd. Common Shares Class A ROMANZIN, GERALD A. 4 01/01/2011 00

Trimac Transportation Ltd. Common Shares Class A ROMANZIN, GERALD A. 4 01/01/2011 00

Trimac Transportation Ltd. Common Shares Class A ROMANZIN, GERALD A. 4 28/01/2011 90 5,000

Trimac Transportation Ltd. Common Shares Class A ROMANZIN, GERALD A. 4 11/05/2011 90 -5,000

Trimac Transportation Ltd. Common Shares Class A ROMANZIN, GERALD A. 4 01/01/2011 00 10,000

Trimac Transportation Ltd. Common Shares Class A ROMANZIN, GERALD A. 4 28/01/2011 90 15,000 5,000

Trimac Transportation Ltd. Common Shares Class A ROMANZIN, GERALD A. 4 11/05/2011 90 10,000 -5,000

Trimac Transportation Ltd. Common Shares Class A ROMANZIN, GERALD A. 4 08/01/2015 10 7.05 5,000 -5,000

Trinidad Drilling Ltd. Rights Performance Share Units

Bolster, Lesley Marie 5 31/12/2014 35 151,778 1,435

Trinidad Drilling Ltd. Rights Deferred Share Units

Brown, Robert James 4 31/12/2014 35 35,328 334


Burden, Brian 4 31/12/2014 35 10,370 98


Conway, Brent John 5 31/12/2014 35 241,891 2,286


Foreman, Rodney Ruel 5 31/12/2014 35 28,915 273


Halford, David William 4 31/12/2014 35 10,370 98


Heier, Michael Erskine 4 31/12/2014 35 87,698 828


Lachance, Adrian Victor 5 31/12/2014 35 180,341 1,704


Lane, Gavin Bryan Forbister 5 31/12/2014 35 23,795 225


Parent, Ronald 5 31/12/2014 35 15,362 145


Stickland, Ken Stanley 4 31/12/2014 35 87,698 828


Whitmarsh, Lyle Clarence 4 31/12/2014 35 460,050 4,348

True North Commercial Real Estate Investment Trust

Trust Units Drimmer, Daniel 3, 4 08/01/2015 10 5.8963 2,477,787 11,500





Insider Reporting

January 15, 2015

(2015), 38 OSCB 519



Acquired/ Disposed


Trust Units Drimmer, Daniel 3, 4 08/01/2015 10 5.89 2,486,287 200


























Trust Units Sherren, Tracy 5 08/01/2015 10 5.87 6,100 2,600

TSO3 inc. Common Shares Deschamps, Benoît 5 05/01/2015 30 1.54 70,455 701

Tsodilo Resources Limited Options Bojes, Gary 5 02/01/2015 50 1.05 600,000 50,000

Tsodilo Resources Limited Options Bruchs, James 3, 4, 5 02/01/2015 50 1.05 1,575,000 100,000

Tsodilo Resources Limited Options de Wit, Michiel Cornelis Jan 4 02/01/2015 50 1.05 730,000 50,000

Tucows Inc. Common Shares Noss, Elliot Lawrence 4, 5 06/01/2015 51 2.4 2,037,939 4,000

Tucows Inc. Options Noss, Elliot Lawrence 4, 5 06/01/2015 51 2.4 611,500 -4,000

Tuscany Energy Ltd. Common Shares TUSCANY ENERGY LTD., TUSCANY ENERGY LTD.

1 06/01/2015 10 0.24 3,500 3,500


1 06/01/2015 38 0.24 0 -3,500


1 07/01/2015 10 0.24 6,500 6,500


1 07/01/2015 38 0.24 0 -6,500

Twin Butte Energy Ltd. Share Units-restricted Brown, Robert James 4 05/01/2015 56 0.81 61,728

Twin Butte Energy Ltd. Share Units-restricted Brown, Robert James 4 05/01/2015 56 0.81 162,168 61,728

Twin Butte Energy Ltd. Common Shares Brussa, John Albert 4 03/11/2014 30 1.18 695,592 33,898

Twin Butte Energy Ltd. Share Units-restricted Brussa, John Albert 4 05/01/2015 56 0.81 159,955 61,728

Twin Butte Energy Ltd. Share Units-restricted Fitzpatrick, David Michael 4 05/01/2015 56 0.81 61,728

Twin Butte Energy Ltd. Share Units-restricted Fitzpatrick, David Michael 4 05/01/2015 56 0.81 151,759 61,728

Twin Butte Energy Ltd. Common Shares Gamache, Claude Maurice 5 05/01/2015 30 0.82 381,836 4,228

Twin Butte Energy Ltd. Share Units-performance Gamache, Claude Maurice 5 05/01/2015 56 0.81 93,333

Twin Butte Energy Ltd. Share Units-performance Gamache, Claude Maurice 5 05/01/2015 56 0.81 200,108 93,333

Twin Butte Energy Ltd. Share Units-restricted Gamache, Claude Maurice 5 05/01/2015 56 0.81 240,000

Twin Butte Energy Ltd. Share Units-restricted Gamache, Claude Maurice 5 05/01/2015 56 0.81 392,327 240,000

Twin Butte Energy Ltd. Share Units-restricted Greschner, Thomas Joseph 4 05/01/2015 56 0.81 61,728

Twin Butte Energy Ltd. Share Units-restricted Greschner, Thomas Joseph 4 05/01/2015 56 0.81 147,502 61,728

Twin Butte Energy Ltd. Common Shares Howe, Gordon 5 05/01/2015 30 0.82 85,158 3,049

Twin Butte Energy Ltd. Share Units-performance Howe, Gordon 5 05/01/2015 56 0.81 89,876

Twin Butte Energy Ltd. Share Units-performance Howe, Gordon 5 05/01/2015 56 0.81 107,734 89,876

Twin Butte Energy Ltd. Share Units-restricted Howe, Gordon 5 05/01/2015 56 0.81 231,112

Twin Butte Energy Ltd. Share Units-restricted Howe, Gordon 5 05/01/2015 56 0.81 458,685 231,112

Twin Butte Energy Ltd. Common Shares Kraft, Preston 5 05/01/2015 30 0.82 240,083 4,390

Twin Butte Energy Ltd. Share Units-performance Kraft, Preston 5 05/01/2015 56 0.81 96,790

Twin Butte Energy Ltd. Share Units-performance Kraft, Preston 5 05/01/2015 56 0.81 212,489 96,790

Insider Reporting

January 15, 2015

(2015), 38 OSCB 520



Acquired/ Disposed

Twin Butte Energy Ltd. Share Units-restricted Kraft, Preston 5 05/01/2015 56 0.81 248,889

Twin Butte Energy Ltd. Share Units-restricted Kraft, Preston 5 05/01/2015 56 0.81 363,716 248,889

Twin Butte Energy Ltd. Common Shares MIDDLETON, DAVID WILLIAM

5 05/01/2015 30 0.82 570,618 3,659

Twin Butte Energy Ltd. Share Units-performance MIDDLETON, DAVID WILLIAM

5 05/01/2015 56 0.81 127,901

Twin Butte Energy Ltd. Share Units-performance MIDDLETON, DAVID WILLIAM

5 05/01/2015 56 0.81 337,901 127,901

Twin Butte Energy Ltd. Share Units-restricted MIDDLETON, DAVID WILLIAM

5 05/01/2015 56 0.81 420,247

Twin Butte Energy Ltd. Share Units-restricted MIDDLETON, DAVID WILLIAM

5 05/01/2015 56 0.81 510,247 420,247

Twin Butte Energy Ltd. Common Shares SAUNDERS, JAMES MACLEO

4, 5 05/01/2015 30 0.82 6,009,493 6,504

Twin Butte Energy Ltd. Common Shares SAUNDERS, JAMES MACLEO

4, 5 08/01/2015 57 0.79 6,147,190 137,697

Twin Butte Energy Ltd. Share Units-performance SAUNDERS, JAMES MACLEO

4, 5 05/01/2015 56 0.81 138,272


4, 5 05/01/2015 56 0.81 223,025 138,272


4, 5 08/01/2015 57 0.79 -32,136


4, 5 08/01/2015 57 0.79 195,550 -27,475

Twin Butte Energy Ltd. Share Units-restricted SAUNDERS, JAMES MACLEO

4, 5 05/01/2015 56 0.81 454,321


4, 5 05/01/2015 56 0.81 712,364 454,321


4, 5 08/01/2015 57 0.79 -105,561


4, 5 08/01/2015 57 0.79 622,087 -90,277

Twin Butte Energy Ltd. Share Units-restricted Steckley, Warren D. 4 05/01/2015 56 0.81 61,728

Twin Butte Energy Ltd. Share Units-restricted Steckley, Warren D. 4 05/01/2015 56 0.81 153,850 61,728

Twin Butte Energy Ltd. Common Shares Steele, Alan 5 05/01/2015 30 0.82 1,309,749 6,585

Twin Butte Energy Ltd. Share Units-performance Steele, Alan 5 05/01/2015 56 0.81 127,901

Twin Butte Energy Ltd. Share Units-performance Steele, Alan 5 05/01/2015 56 0.81 680,078 127,901

Twin Butte Energy Ltd. Share Units-restricted Steele, Alan 5 05/01/2015 56 0.81 420,247

Twin Butte Energy Ltd. Share Units-restricted Steele, Alan 5 05/01/2015 56 0.81 905,955 420,247

Twin Butte Energy Ltd. Share Units-restricted Trickett, William Austin 4 05/01/2015 56 0.81 61,728

Twin Butte Energy Ltd. Share Units-restricted Trickett, William Austin 4 05/01/2015 56 0.81 155,290 61,728

Twin Butte Energy Ltd. Common Shares Wollmann, Robert Ernest Law

5 05/01/2015 30 0.82 570,618 3,659

Twin Butte Energy Ltd. Share Units-performance Wollmann, Robert Ernest Law

5 05/01/2015 56 0.81 133,086

Twin Butte Energy Ltd. Share Units-performance Wollmann, Robert Ernest Law

5 05/01/2015 56 0.81 343,086 133,086

Twin Butte Energy Ltd. Share Units-restricted Wollmann, Robert Ernest Law

5 05/01/2015 56 0.81 437,284

Twin Butte Energy Ltd. Share Units-restricted Wollmann, Robert Ernest Law

5 05/01/2015 56 0.81 527,284 437,284

Uni-Sélect Inc. Options Arndt, Steve 5 02/01/2015 50 30.642 32,534

Uni-Sélect Inc. Options Arndt, Steve 5 02/01/2015 50 30.642 84,688 32,534

Uni-Sélect Inc. Unités actions de Performace /Performance Share Unit

Arndt, Steve 5 02/01/2015 56 30.642 10,892 4,730

Uni-Sélect Inc. Unités d'actions différées (UAD) / Deferred Share Unit Plan

Buzzard, James E. 4 31/12/2014 56 30.6 8,216 661


Buzzard, Robert 5 02/01/2015 56 30.642 9,056 3,244


Chevrier, Robert 4 31/12/2014 56 30.6 27,797 2,042

Insider Reporting

January 15, 2015

(2015), 38 OSCB 521



Acquired/ Disposed


Courville, André 4 31/12/2014 56 30.6 892 412


Curadeau-Grou, Patricia 4 31/12/2014 56 30.6 5,740 817


Dulac, Jean 4 31/12/2014 56 30.6 2,031 163


Hanna, John A. 4 31/12/2014 56 30.6 9,016 759


Juneau, Louis 5 02/01/2015 56 30.642 9,118 3,304


Keister, Richard Lewis 4 31/12/2014 56 30.6 3,600 163


Labrecque, Martin 5 02/01/2015 56 30.642 8,017 2,717


Laverdure, Michel 5 02/01/2015 56 30.642 8,059 2,790

Uni-Sélect Inc. Options Lees-Buckley, Henry 5 08/09/2014 00

Uni-Sélect Inc. Options Lees-Buckley, Henry 5 02/01/2015 50 30.642 53,746 53,746


Lees-Buckley, Henry 5 08/09/2014 00


Lees-Buckley, Henry 5 02/01/2015 56 30.642 7,814 7,814

Uni-Sélect Inc. Options Mathieu, Denis 5 02/01/2015 50 30.642 27,777

Uni-Sélect Inc. Options Mathieu, Denis 5 02/01/2015 50 30.642 102,670 27,777


Mathieu, Denis 5 02/01/2015 56 30.642 11,725 4,039

Uni-Sélect Inc. Options O'Connor, Gary 5 02/01/2015 50 30.642 25,252

Uni-Sélect Inc. Options O'Connor, Gary 5 02/01/2015 50 30.642 84,788 25,252


O'Connor, Gary 5 02/01/2015 56 30.642 10,722 3,671


Rivard, Jean 5 02/01/2015 56 30.642 9,441 2,774

Uni-Sélect Inc. Options Roy, Richard G 4, 5 02/01/2015 50 30.642 84,566

Uni-Sélect Inc. Options Roy, Richard G 4, 5 02/01/2015 50 30.642 336,466 84,566


Roy, Richard G 4, 5 02/01/2015 56 30.642 36,214 12,295


Welvaert, Dennis 4 31/12/2014 56 30.6 2,790 412

Uni-Sélect Inc. Options Windom, Anthony Brent 5 02/01/2015 50 30.642 33,464

Uni-Sélect Inc. Options Windom, Anthony Brent 5 02/01/2015 50 30.642 84,888 33,464


Windom, Anthony Brent 5 02/01/2015 56 30.642 11,087 4,865

Ur-Energy Inc. Common Shares Boberg, Walter William 5 06/01/2015 38 0.92 660,096 9,114

Ur-Energy Inc. Restricted Share Units Boberg, Walter William 5 06/01/2015 38 22,208 -9,114

Ur-Energy Inc. Common Shares Cash, John William 5 06/01/2015 38 0.92 47,691 9,782

Ur-Energy Inc. Common Shares Cash, John William 5 06/01/2015 10 0.92 44,498 -3,193

Ur-Energy Inc. Restricted Share Units Cash, John William 5 06/01/2015 38 25,232 -9,782

Ur-Energy Inc. Common Shares Franklin, James 4 06/01/2015 38 1.05 518,963 9,114

Ur-Energy Inc. Restricted Share Units Franklin, James 4 06/01/2015 38 22,208 -9,114

Ur-Energy Inc. Common Shares Goplerud, Penne Ann 5 06/01/2015 38 0.92 49,079 12,940

Ur-Energy Inc. Restricted Share Units Goplerud, Penne Ann 5 06/01/2015 38 33,376 -12,940

Insider Reporting

January 15, 2015

(2015), 38 OSCB 522



Acquired/ Disposed

Ur-Energy Inc. Common Shares Hatten, Steven Marcal 5 06/01/2015 38 0.92 36,139 10,315

Ur-Energy Inc. Common Shares Hatten, Steven Marcal 5 06/01/2015 10 0.92 32,772 -3,367

Ur-Energy Inc. Restricted Share Units Hatten, Steven Marcal 5 06/01/2015 38 26,606 -10,315

Ur-Energy Inc. Common Shares Klenda, Jeffrey T. 5 06/01/2015 38 0.92 1,819,263 16,347

Ur-Energy Inc. Common Shares Klenda, Jeffrey T. 5 06/01/2015 10 0.92 1,813,170 -6,093

Ur-Energy Inc. Restricted Share Units Klenda, Jeffrey T. 5 06/01/2015 38 42,164 -16,347

Ur-Energy Inc. Common Shares Macdonell, Paul 4 06/01/2015 38 1.05 178,463 9,114

Ur-Energy Inc. Common Shares Macdonell, Paul 4 06/01/2015 10 1.05 176,222 -2,241

Ur-Energy Inc. Restricted Share Units Macdonell, Paul 4 06/01/2015 38 22,208 -9,114

Ur-Energy Inc. Common Shares Parker, Thomas Howard 4 06/01/2015 38 0.92 62,606 9,114

Ur-Energy Inc. Restricted Share Units Parker, Thomas Howard 4 06/01/2015 38 22,208 -9,114

Ur-Energy Inc. Common Shares Smith, Roger L. 5 06/01/2015 38 0.92 122,508 14,393

Ur-Energy Inc. Common Shares Smith, Roger L. 5 06/01/2015 10 0.92 117,143 -5,365

Ur-Energy Inc. Restricted Share Units Smith, Roger L. 5 06/01/2015 38 37,122 -14,393

Uranium Energy Corp. Options Adnani, Amir 4, 5 31/12/2014 38 2,229,634 -250,000



Uranium Energy Corp. Options Della Volpe, Vincent 4 31/12/2014 38 395,000 -50,000



Uranium Energy Corp. Options Garcia, Leonard G. 5 31/12/2014 38 285,000 -75,000



Uranium Energy Corp. Options Katsumata, Mark Atsushi 5 31/12/2014 38 742,500 -75,000



Uranium Energy Corp. Options Kong, David 4 31/12/2014 38 200,000 -75,000

Uranium Energy Corp. Options Kong, David 4 31/12/2014 38 175,000 -25,000

Uranium Energy Corp. Options KURRUS, ANDREW WILLIAM III

5 31/12/2014 38 400,000 -75,000


5 31/12/2014 38 310,000 -90,000


5 31/12/2014 38 270,000 -40,000

Uranium Energy Corp. Options Lindsay, Alan P. 4 31/12/2014 38 1,265,000 -100,000



Uranium Energy Corp. Options Nicholson, Bruce 5 31/12/2014 38 380,000 -16,250



Uranium Energy Corp. Options Obara, Pat 5 31/12/2014 38 905,000 -150,000



Uranium Energy Corp. Options Obolensky, Ivan 4 31/12/2014 38 370,000 -50,000



Uranium Energy Corp. Options Powell III, Fred Pasco 5 31/12/2014 38 100,000 -50,000

Uranium Energy Corp. Options Sealy, Curtis Oliver 5 31/12/2014 38 120,000 -100,000

Uranium Energy Corp. Options Underdown, Jr., William Robert

5 31/12/2014 38 410,000 -85,000


5 31/12/2014 38 310,000 -100,000


5 31/12/2014 38 270,000 -40,000

Uranium Energy Corp. Options Wall, Rodney Craig 5 31/12/2014 38 200,000 -15,000

Uranium Energy Corp. Options Wall, Rodney Craig 5 31/12/2014 38 150,000 -50,000

Uranium Energy Corp. Options Yancey, Clyde Layton 5 31/12/2014 38 410,000 -85,000



Uranium Energy Corp. Options ZHANG, JIAN HUA 5 31/12/2014 38 150,000 -50,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 523



Acquired/ Disposed

Urbana Corporation Non-Voting Shares Class A

Urbana Corporation 1 02/12/2014 38 1.8897 200,000 200,000


Urbana Corporation 1 02/12/2014 38 0 -200,000


















Urbana Corporation 1 23/12/2014 38 2 11,300 11,300



Valeant Pharmaceuticals International, Inc.

Rights Restricted Share Units (RSUs)

Farmer, Ron 4 31/12/2014 56 143.11 19,655 183



Melas-Kyriazi, Theo 4 31/12/2014 56 143.11 77,159 192


Performance Share Units Pearson, J. Michael 4, 5 07/01/2015 56 145.12 1,575,994 450,000



Provencio, Norma Ann 4 31/12/2014 56 143.11 53,516 266


Common Shares Schiller, Howard 5 05/01/2015 57 144.29 279,077 45,000


Common Shares Schiller, Howard 5 05/01/2015 97 144.29 255,477 -23,600


Performance Share Units Schiller, Howard 5 05/01/2015 57 144.29 122,500 -45,000

Valeura Energy Inc. Performance Warrants Badwi, Abdel Fattah 4 08/01/2015 55 0 -146,250

Valeura Energy Inc. Performance Warrants Bjornson, Steve 5 08/01/2015 55 0 -328,500

Valeura Energy Inc. Performance Warrants Fanagan, William Thomas 4 08/01/2015 55 0 -108,000

Valeura Energy Inc. Performance Warrants Ghersinich, Claudio 4 09/01/2015 55 2 0 -675,000

Valeura Energy Inc. Common Shares Lamacraft, Scott Emmett 3 07/01/2015 10 0.41 295,200

Valeura Energy Inc. Common Shares Lamacraft, Scott Emmett 3 07/01/2015 10 0.41 7,570,100 720,000

Valeura Energy Inc. Performance Warrants MARTINSON, LYLE ALLEN 5 08/01/2015 55 0 -198,000

Valeura Energy Inc. Performance Warrants McFarland, James D. 5 08/01/2015 55 0 -526,500

Valeura Energy Inc. Performance Warrants McKay, Kenneth D 4 08/01/2015 55 0 -319,500

Valeura Energy Inc. Performance Warrants Royal, Ronald William 7 08/01/2015 55 0 -108,000

Valeura Energy Inc. Performance Warrants Shepherd, Donald William 5 08/01/2015 55 0 -198,000

Valeura Energy Inc. Performance Warrants Stimpson, Stephanie Carey 5 08/01/2015 55 0 -31,500

Vanrocco Financial Inc. Common Shares Anderson, Keith 4 30/12/2014 00 246,990

Vanrocco Financial Inc. Common Shares Meagher, Patrick Joseph 4 30/12/2014 00 56,057

Ventripoint Diagnostics Ltd. (formerly Luca Capital Inc.)

Warrants Adams, George 4, 5 31/12/2014 16 0.06 1,729,233 833,350

Veresen Inc. Common Shares Althoff, Donald 5 08/11/2012 00

Veresen Inc. Common Shares Althoff, Donald 5 07/01/2015 10 17.023 4,079 4,079

Veresen Inc. Common Shares Wadey, Vern 5 31/12/2014 30 14.73 14,900 6,862

Veresen Inc. Common Shares Wadey, Vern 5 31/12/2014 35 14.22 15,951 1,051

Versatile Systems Inc. Common Shares Hardy, John Arthur 4, 5 22/12/2014 10 0.01 3,166,390 -870,500

Versatile Systems Inc. Common Shares Hardy, John Arthur 4, 5 23/12/2014 10 0.01 2,736,390 -430,000

Victory Nickel Inc. Common Shares Nuinsco Resources Limited 3 30/12/2014 10 0.245 4,011,062 -2,000



Insider Reporting

January 15, 2015

(2015), 38 OSCB 524



Acquired/ Disposed






Vicwest Inc. Deferred Share Units Berrill, Fraser Reeve 4 01/01/2015 56 109,085 1,909

Vicwest Inc. Deferred Share Units Hampson, Philip R.O. 4 01/01/2015 56 92,470 3,063

Vicwest Inc. Deferred Share Units MacKey, Michael 4 01/01/2015 56 14,266 985

Vicwest Inc. Deferred Share Units Mang, Wayne Paul Elton 4 01/01/2015 56 52,667 1,084

Vicwest Inc. Deferred Share Units Manning, Neil Donald 4 01/01/2015 56 30,877 1,392

Virginia Mines Inc. Common Shares St-Jacques, Claude 4 31/03/2006 22 61,625

Virginia Mines Inc. Common Shares St-Jacques, Claude 4 31/03/2006 22 26,079 26,079

Vista Gold Corp. RSU Clark, John 4 01/01/2015 58 - Expiration of rights

138,000 -32,028

Vista Gold Corp. RSU Eppler, W. Durand 7 01/01/2015 58 - Expiration of rights

138,000 -32,028

Vista Gold Corp. RSU Ogryzlo, Charles Thomas 4 01/01/2015 58 - Expiration of rights

138,000 -32,028

Vista Gold Corp. RSU Richings, Michael 4 01/01/2015 58 - Expiration of rights

138,000 -32,028

Vista Gold Corp. RSU Stevenson, Tracy 4 01/01/2015 58 - Expiration of rights

138,000 -32,028

Vuzix Corporation Common Shares Lee, William 4 02/01/2015 97 4.21 28,160 25,000

Vuzix Corporation Common Shares Lee, William 4 05/01/2015 10 5.69 29,160 1,000

Vuzix Corporation Common Shares Lee, William 4 05/01/2015 10 4.21 1,000

Vuzix Corporation Common Shares Lee, William 4 05/01/2015 10 4.21 1,000

Vuzix Corporation Common Shares Ruckdaeschel, Alexander 4 15/11/2012 00

Vuzix Corporation Common Shares Ruckdaeschel, Alexander 4 02/01/2015 16 25,000 25,000

Vuzix Corporation Common Shares Russell, Grant Neil 4, 5 02/01/2015 16 622,931 100,000

Vuzix Corporation Common Shares Scott, Michael Dennis 4 15/11/2012 00

Vuzix Corporation Common Shares Scott, Michael Dennis 4 02/01/2015 16 25,000 25,000

Vuzix Corporation Common Shares Travers, Paul Joseph 3, 4, 5 02/01/2015 16 1,847,183 100,000

Wajax Corporation Rights Directors' Deferred Share Unit Plan

Alford, Thomas Malcolm 4 16/12/2014 00


Alford, Thomas Malcolm 4 31/12/2014 56 30.35 149 149


Barrett, Edward Malcolm 4 31/12/2014 56 30.35 26,210 330


Bourne, Ian Alexander 4 31/12/2014 56 30.35 15,488 495


Carty, Douglas 4 31/12/2014 56 30.35 8,841 547


Dexter, Robert P. 4 31/12/2014 56 30.35 58,780 1,178


Eby, John Clifford 4 31/12/2014 56 30.35 16,440 482


Gagne, Paul Ernest 4 31/12/2014 56 30.35 40,176 927


Hole, James Douglas 4 31/12/2014 56 30.65 29,362 1,054


Taylor, Alexander S. 4 31/12/2014 56 30.35 9,130 329

Waldron Energy Corporation Warrants Archibald, Donald 4 31/12/2014 55 0 -576,922

Waldron Energy Corporation Common Shares Sapieha, Ernest 4, 5 18/12/2014 10 0.13 1,205,744 8,000



Waldron Energy Corporation Warrants Sapieha, Ernest 4, 5 31/12/2014 55 0 -585,384



Waldron Energy Corporation Warrants Stodalka, Murray 5 31/12/2014 55 0 -1,016,153

Waldron Energy Corporation Warrants Zahary, John 4 31/12/2014 55 0 -661,538

Insider Reporting

January 15, 2015

(2015), 38 OSCB 525



Acquired/ Disposed

WATERFORD APARTMENTS LTD.

Common Shares Seegmiller, Harold 4 07/01/2015 00 100

Webtech Wireless Inc. Common Shares WebTech Wireless Inc. 1 05/12/2014 38 1.5853 12,372 3,436

Webtech Wireless Inc. Common Shares WebTech Wireless Inc. 1 08/12/2014 38 3,436 -8,936

Webtech Wireless Inc. Common Shares WebTech Wireless Inc. 1 08/12/2014 38 1.51 4,236 800





Webtech Wireless Inc. Common Shares WebTech Wireless Inc. 1 24/12/2014 38 0 -41,936

Wescan Goldfields Inc. Warrants MacNeill, Tom 6 31/12/2014 55 833,334 -1,000,000

West Fraser Timber Co. Ltd. Deferred Share Unit Binkley, Clark 4 31/12/2014 56 39,654 625

West Fraser Timber Co. Ltd. Deferred Share Unit Gibson, J. Duncan 4 31/12/2014 56 17,751 287

West Fraser Timber Co. Ltd. Options Hughes, Larry Sanford 5 29/12/2014 59 -20,000


West Fraser Timber Co. Ltd. Options Hughes, Larry Sanford 5 29/12/2014 59 207,370 -20,000






West Fraser Timber Co. Ltd. Options Hutchinson, Rodger 5 30/12/2014 59 -3,000

West Fraser Timber Co. Ltd. Options Hutchinson, Rodger 5 30/12/2014 59 50,560 -3,000

West Fraser Timber Co. Ltd. Options Hutchinson, Rodger 5 31/12/2014 59 -3,000

West Fraser Timber Co. Ltd. Options Hutchinson, Rodger 5 31/12/2014 59 47,560 -3,000

West Fraser Timber Co. Ltd. Options KETCHAM, HENRY HOLMAN III

4, 5 29/12/2014 59 -28,320

West Fraser Timber Co. Ltd. Options KETCHAM, HENRY HOLMAN III

4, 5 29/12/2014 59 1,100,985 -28,320

West Fraser Timber Co. Ltd. Deferred Share Unit Ketcham, Samuel Wright 4 31/12/2014 56 6,772 287

West Fraser Timber Co. Ltd. Deferred Share Unit Ludwig, Harald Horst 4 31/12/2014 56 37,391 437

West Fraser Timber Co. Ltd. Options McIver, Christopher Daryl 5 31/12/2014 59 -8,000

West Fraser Timber Co. Ltd. Options McIver, Christopher Daryl 5 31/12/2014 59 73,200 -8,000

West Fraser Timber Co. Ltd. Deferred Share Unit Miller, Gerald 4 31/12/2014 56 4,760 287

West Fraser Timber Co. Ltd. Deferred Share Unit Phillips, Robert L. 4 31/12/2014 56 6,772 287

West Fraser Timber Co. Ltd. Deferred Share Unit Rennie, Janice Gaye 4 31/12/2014 56 18,045 287

West Fraser Timber Co. Ltd. Options Rippon, Peter Arthur 5 29/12/2014 59 -6,960

West Fraser Timber Co. Ltd. Options Rippon, Peter Arthur 5 29/12/2014 59 39,965 -6,960

West Fraser Timber Co. Ltd. Options Rippon, Peter Arthur 5 29/12/2014 59 -6,080

West Fraser Timber Co. Ltd. Options Rippon, Peter Arthur 5 29/12/2014 59 33,885 -6,080

West Fraser Timber Co. Ltd. Options Seraphim, Edward 4 28/12/2014 59 -35,620

West Fraser Timber Co. Ltd. Options Seraphim, Edward 4 28/12/2014 59 178,480 -35,620

West Fraser Timber Co. Ltd. Options Seraphim, Edward 4 28/12/2014 59 -42,000

West Fraser Timber Co. Ltd. Options Seraphim, Edward 4 28/12/2014 59 136,480 -42,000

West Fraser Timber Co. Ltd. Options Wiggins, Russell Lewis 5 31/12/2014 59 -2,000

West Fraser Timber Co. Ltd. Options Wiggins, Russell Lewis 5 31/12/2014 59 14,150 -2,000





Westbridge Energy Corporation

Options Kelly, Scott 4 19/12/2014 00


Options Kelly, Scott 4 19/12/2014 00


Options Kelly, Scott 4 22/12/2014 50 0.05 150,000 150,000


Options Monaghan, Mark 4 19/12/2014 00 550,000

Western Energy Services Corp.

Common Shares Western Energy Services Corp.

1 05/01/2015 38 0 -23,400

Insider Reporting

January 15, 2015

(2015), 38 OSCB 526



Acquired/ Disposed

Western Energy Services Corp.

Common Shares Western Energy Services Corp.

1 08/01/2015 38 5.6 6,500 6,500

Western Uranium Corporation (formerly known as Homeland Uranium Inc.)

Common Shares Fryer, Russell 4 28/12/2014 11 -35,264


Common Shares Fryer, Russell 4 28/12/2014 11 2.5 4,659,736 -35,264


Common Shares Fryer, Russell 4 28/12/2014 11 -11,136


Common Shares Fryer, Russell 4 28/12/2014 11 2.5 4,648,600 -11,136

WesternOne Inc. Common Shares Blake, Peter James 5 23/12/2014 35 75,637 1,101

WesternOne Inc. Common Shares Choi, Chloe 5 05/01/2015 30 3.4 925 14

WesternOne Inc. Common Shares Greig, Andrew David Gilmour

5 05/01/2015 30 3.4 12,991 14

WesternOne Inc. Common Shares King, Robert William 4, 5 05/01/2015 30 3.4 13,763 106

WesternOne Inc. Common Shares Lee, Clarence 5 05/01/2015 30 3.4 8,205 58

WesternOne Inc. Common Shares Leslie, Ryan Elliott 5 06/01/2015 30 4.65 811 28

WesternOne Inc. Common Shares McClymont, Christopher 7 05/01/2015 30 3.4 11,531 4

WesternOne Inc. Common Shares Ridley, Mike 7 05/01/2015 30 3.4 95,784 253

WesternOne Inc. Common Shares Shorten, Geoffrey 7 05/01/2015 30 3.4 56,174 255

WesternOne Inc. Common Shares Wong, Bradley Jonathan 5 05/01/2015 30 3.4 1,032 10

WesternOne Inc. Common Shares Yam, Carlos 5 05/01/2015 30 3.4 71,276 219

WestJet Airlines Ltd. Rights Deferred Share Units

Brenneman, Ron A. 4 31/12/2014 56 2,308 231


Brenneman, Ron A. 4 31/12/2014 56 2,316 8


Godfrey, Brett Alan 4 31/12/2014 56 2,308 231


Godfrey, Brett Alan 4 31/12/2014 56 2,316 8


Jackson, Allan William 4 31/12/2014 56 36,904 637


Jackson, Allan William 4 31/12/2014 56 37,038 134


Jackson, Steven Barry 4 31/12/2014 56 23,200 560


Jackson, Steven Barry 4 31/12/2014 56 23,284 84


Matthews, Wilmot Leslie 4 31/12/2014 56 30,194 576


Matthews, Wilmot Leslie 4 31/12/2014 56 30,304 110


Menard, L. Jacques 4 31/12/2014 56 5,206 231


Menard, L. Jacques 4 31/12/2014 56 5,225 19


Pollock, Laurence Malcolm 4 31/12/2014 56 2,308 231


Pollock, Laurence Malcolm 4 31/12/2014 56 2,316 8





Westshore Terminals Investment Corporation

Common Shares Pattison, James A. 3 09/01/2015 10 31.368 2,050,000 162,000

Whitecap Resources Inc. Common Shares Fagerheim, Grant Bradley 4, 5 06/01/2015 54 2.24 768,000 35,040

Whitecap Resources Inc. Warrants Fagerheim, Grant Bradley 4, 5 06/01/2015 54 2.24 0 -35,040

Whitecap Resources Inc. Common Shares Zdunich, Jeffery Byron 5 01/01/2015 00 626

Whitecap Resources Inc. Common Shares Zdunich, Jeffery Byron 5 01/01/2015 00 34,564

Whitecap Resources Inc. Options Zdunich, Jeffery Byron 5 01/01/2015 00 29,334

Insider Reporting

January 15, 2015

(2015), 38 OSCB 527



Acquired/ Disposed

Whitecap Resources Inc. Performance Awards Zdunich, Jeffery Byron 5 01/01/2015 00 70,000

Wi-LAN Inc. Restricted Share Unit McEwan, Michael Shaun 5 01/01/2015 57 3.48 56,440 -30,508

Wi-LAN Inc. Restricted Share Unit Skippen, James 4, 5 01/01/2015 57 3.48 180,134 -63,582

Wi-LAN Inc. Restricted Share Unit Vladescu, Michael 5 01/01/2015 57 3.48 69,403 -25,697

Wi-LAN Inc. Restricted Share Unit Watchmaker, Prashant 5 01/01/2015 57 3.48 41,964 -21,785

Wi2Wi Corporation (formerly, International Sovereign Energy Corp.)

Options Black, Hans 4 31/12/2014 50 787,338 475,000


Options Bloomfield, Harry 4 03/11/2009 00






Options Bloomfield, Harry 4 03/11/2009 50 0.34 211,176 211,176




Options Bloomfield, Harry 4 18/06/2013 50 0.2 500,000 288,824


Options Bloomfield, Harry 4 03/11/2013 50 0.34 211,176


Options Bloomfield, Harry 4 31/12/2014 50 0.17 1,500,000 1,000,000

Wolverine Minerals Corp. Convertible Debentures Anderson, Logan Bruce 3, 4, 5 07/06/2004 00

Wolverine Minerals Corp. Convertible Debentures Anderson, Logan Bruce 3, 4, 5 30/12/2014 16 $10,000 $10,000

Wolverine Minerals Corp. Convertible Debentures Anderson, Logan Bruce 3, 4, 5 07/06/2004 00

Wolverine Minerals Corp. Convertible Debentures Anderson, Logan Bruce 3, 4, 5 30/12/2014 16 $20,000 $20,000

Wolverine Minerals Corp. Convertible Debentures BLANCHFLOWER, JOHN DOUGLAS

4, 5 02/02/2012 00

Wolverine Minerals Corp. Convertible Debentures BLANCHFLOWER, JOHN DOUGLAS

4, 5 30/12/2014 16 $29,000 $29,000

Wolverine Minerals Corp. Convertible Debentures Burnett, Gregory Clifford 4 30/08/2006 00

Wolverine Minerals Corp. Convertible Debentures Burnett, Gregory Clifford 4 30/12/2014 16 $29,000 $29,000

Wolverine Minerals Corp. Convertible Debentures Clay, Malcolm Frank 4 06/02/2012 00

Wolverine Minerals Corp. Convertible Debentures Clay, Malcolm Frank 4 30/12/2014 16 $29,000 $29,000

Wolverine Minerals Corp. Convertible Debentures Doyle, Thomas Anthony 3, 4, 5 30/09/2005 00

Wolverine Minerals Corp. Convertible Debentures Doyle, Thomas Anthony 3, 4, 5 30/12/2014 16 $80,000 $80,000

Wolverine Minerals Corp. Convertible Debentures Doyle, Thomas Anthony 3, 4, 5 30/09/2005 00

Wolverine Minerals Corp. Convertible Debentures Doyle, Thomas Anthony 3, 4, 5 30/12/2014 16 $30,000 $30,000

WPC Resources Inc. Options Clarke, Warring Kennedy Crichton

4, 5 01/12/2014 50 400,000 400,000

WPC Resources Inc. Options Fabbro, Allan John 4, 5 01/12/2014 50 400,000 400,000

WPC Resources Inc. Options Hamilton, Bruce Theorin 4 01/12/2014 50 550,000 400,000

WPC Resources Inc. Options Jordens, Richard 4 01/12/2014 50 400,000 400,000

WPC Resources Inc. Options MOORHOUSE, WAYNE 5 15/12/2014 00 100,000

WPC Resources Inc. Options Robb, Warren 5 01/12/2014 50 25,000 25,000

Ximen Mining Corp. Common Shares Anderson, Christopher Ross 4 09/01/2015 10 0.21 834,100 -100,000

Xinergy Ltd. Options Castle, Michael Ray 5 23/12/2014 38 495,122 -368,963

Xinergy Ltd. Options Gaylor, Robert L. 5 23/12/2014 38 361,583 -138,417

Xinergy Ltd. Options Hagewood, Jack Russell 5 05/10/2014 52 0 -215,000

Xinergy Ltd. Options Loukas, Stephen 4 02/02/2014 52 0 -115,000

Xinergy Ltd. Options Mason, Gregory L. 'Bernie' 4, 5 23/12/2014 38 852,907 -498,274

Xinergy Ltd. Options Metcalfe, Robert 4 23/12/2014 38 126,213 -88,787

Xinergy Ltd. Options Nix, Jon Eric 3 23/12/2014 38 1,563,560 -850,000

Xinergy Ltd. Options Smith, David Paul 4 23/05/2013 52 0 -140,000

Insider Reporting

January 15, 2015

(2015), 38 OSCB 528



Acquired/ Disposed

Xinergy Ltd. Common Shares Swanson, Todd Quentin Enoch

4 05/01/2015 10 0.085 135,000 30,000

Xinergy Ltd. Options Swanson, Todd Quentin Enoch

4 23/12/2014 38 105,190 -59,810

Xinergy Ltd. Options Thornton, Jay 4 02/02/2014 52 0 -115,000

Xmet Inc. Options Beaudry, Charles 4 31/12/2014 50 0.06 1,600,000 400,000

Xmet Inc. Options Garofalo, Sam 4 27/05/2014 00

Xmet Inc. Options Garofalo, Sam 4 31/12/2014 50 200,000 200,000

Xmet Inc. Options Nedkov de LaCamp, Matey 4 23/12/2014 50 465,215 100,000

Yamana Gold Inc. Common Shares LeBlanc, Jason 5 06/01/2015 10 5.2304 15,418 -17,059

Yamana Gold Inc. Common Shares LeBlanc, Jason 5 06/01/2015 10 5.2043 7,418 -8,000

Yellow Pages Limited Deferred Share Unit Forman, Craig 4 01/01/2015 56 19.125 15,626 3,398

Yellow Pages Limited Deferred Share Unit Kudzman, Susan 4 01/01/2015 56 19.125 9,035 3,398

Yellow Pages Limited Deferred Share Unit Kudzman, Susan 4 01/01/2015 56 19.125 13,479 4,444

Yellow Pages Limited Deferred Share Unit Lazzarato, David 4 01/01/2015 56 19.125 15,626 3,398

Yellow Pages Limited Deferred Share Unit Leith, David Gordon 4 01/01/2015 56 19.125 15,626 3,398

Yellow Pages Limited Deferred Share Unit MACLELLAN, ROBERT FRANCIS

4 01/01/2015 56 19.125 40,281 6,797

Yellow Pages Limited Deferred Share Unit McHale, Judith 4 01/01/2015 56 19.125 15,626 3,398

Yellow Pages Limited Deferred Share Unit Morrison, Donald 4 01/01/2015 56 19.125 15,626 3,398

Yellow Pages Limited Deferred Share Unit Nisenholtz, Martin 4 01/01/2015 56 19.125 15,626 3,398

Yellow Pages Limited Deferred Share Unit Raina, Kalpana 4 01/01/2015 56 19.125 15,626 3,398

Yellow Pages Limited Deferred Share Unit Sifton, Michael 4 01/01/2015 56 19.125 15,626 3,398

Yoho Resources Inc. Common Shares Niebergall, Gregory 5 31/12/2014 30 2.24 76,555 7,825

Zara Resources Inc. Common Shares Raman, Kasi Sethu 7 21/06/2013 00

Zara Resources Inc. Common Shares Raman, Kasi Sethu 7 05/01/2015 00 833,333



Zara Resources Inc. Options Raman, Kasi Sethu 7 21/06/2013 00

Zara Resources Inc. Options Raman, Kasi Sethu 7 05/01/2015 00 400,000

Zara Resources Inc. Warrants Raman, Kasi Sethu 7 21/06/2013 00



Zargon Oil & Gas Ltd. Common Shares Burden, Leslie Edward 5 31/12/2014 30 3.795 16,020 187

Zargon Oil & Gas Ltd. Common Shares Burden, Leslie Edward 5 31/12/2014 30 3.795 13,764 281

Zargon Oil & Gas Ltd. Common Shares Doetzel, Randolph John 5 31/12/2014 30 3.795 4,162 532

Zargon Oil & Gas Ltd. Common Shares Hansen, Craig Henry 4, 5 31/12/2014 30 3.795 1,027,413 482

Zargon Oil & Gas Ltd. Common Shares Hansen, Craig Henry 4, 5 05/01/2015 10 3.75 1,077,413 10,000

Zargon Oil & Gas Ltd. Common Shares Hansen, Craig Henry 4, 5 06/01/2015 10 3.68 1,081,513 4,100

Zargon Oil & Gas Ltd. Common Shares Hansen, Craig Henry 4, 5 31/12/2014 30 3.795 586,099 260

Zargon Oil & Gas Ltd. Common Shares Harrison, K. James 4 02/01/2015 10 3.985 222,482 10,000

Zargon Oil & Gas Ltd. Common Shares Harrison, K. James 4 05/01/2015 10 3.696 232,482 10,000

Zargon Oil & Gas Ltd. Common Shares Hustad, Christopher Michael 5 31/12/2014 30 3.795 21,061 486



Zargon Oil & Gas Ltd. Common Shares Janjua, Pete Hardeep Singh 5 31/12/2014 30 3.795 14,813 501

Zargon Oil & Gas Ltd. Common Shares Kergan, Brian 5 31/12/2014 30 3.795 60,233 341

Zargon Oil & Gas Ltd. Common Shares Kergan, Brian 5 31/12/2014 30 3.795 32,082 227

Zargon Oil & Gas Ltd. Common Shares Moriyama, Robert Todd 5 31/12/2014 30 3.795 15,502 260

Zargon Oil & Gas Ltd. Common Shares Moriyama, Robert Todd 5 31/12/2014 30 3.795 10,212 260

Zephyr Minerals Ltd. Common Shares Felderhof, G. William 4 07/01/2015 10 0.17 1,710,333 5,000



Zephyr Minerals Ltd. Common Shares Komperdo, Loren 4, 5 08/01/2015 10 0.17 1,434,667 20,000

Zephyr Minerals Ltd. Common Shares Komperdo, Loren 4, 5 09/01/2015 10 0.15 1,459,667 25,000

January 15, 2015

(2015), 38 OSCB 529

Chapter 8

Notice of Exempt Financings REPORT OF TRADES ON FORM 45-106F1 AND 45-501F1 There are no Reports of Exempt Distribution on Forms 45-106F1 or 45-501F1 (Reports) in this Bulletin. Reports filed on or after February 19, 2014 must be filed electronically. As a result of the transition to mandated electronic filings, the OSC is considering the most effective manner to make data about filed Reports available to the public, including whether and how this information should be reflected in the Bulletin. In the meantime, Reports filed with the Commission continue to be available for public inspection during normal business hours.

Notice of Exempt Financings

January 15, 2015

(2015), 38 OSCB 530


January 15, 2015

(2015), 38 OSCB 531

Chapter 11

IPOs, New Issues and Secondary Financings Issuer Name: ARC Resources Ltd. Principal Regulator - Alberta Type and Date: Preliminary Short Form Prospectus dated January 9, 2015 NP 11-202 Receipt dated January 9, 2015 Offering Price and Description: $350,201,500.00 - 15,530,000 Common Shares Price: $22.55 per Common Share Underwriter(s) or Distributor(s): RBC DOMINION SECURITIES INC. SCOTIA CAPITAL INC. BMO NESBITT BURNS INC. CIBC WORLD MARKETS INC. TD SECURITIES INC. NATIONAL BANK FINANCIAL INC. ALTACORP CAPITAL INC. BARCLAYS CAPITAL CANADA INC. FIRSTENERGY CAPITAL CORP. MACQUARIE CAPITAL MARKETS CANADA LTD. PETERS & CO. LIMITED Promoter(s): - Project #2298694 _______________________________________________

Issuer Name: Brompton Oil Split Corp. Principal Regulator - Ontario Type and Date: Amended and Restated Preliminary Long Form Prospectus dated January 5, 2015 NP 11-202 Receipt dated January 7, 2015 Offering Price and Description: Maximum Offering: $ * - Up to * Preferred Shares and * Class A Shares Minimum Offering: $14,000,000 - 1,400,000 Preferred Shares Minimum Offering: $21,000,000 - 1,400,000 Class A Shares Price: $10.00 per Preferred Share and $15.00 per Class A Share Underwriter(s) or Distributor(s): Scotia Capital Inc. CIBC World Markets Inc. RBC Dominion Securities Inc. TD Securities Inc. BMO Nesbitt Burns Inc. National Bank Securities Inc. GMP Securities L.P. Raymond James Ltd. Canaccord Genuity Corp. Desjardins Securities Inc. Dundee Securities Ltd. Industrial Alliance Securities Inc. Mackie Research Capital Corporation Promoter(s): - Project #2297621 _______________________________________________

IPOs, New Issues and Secondary Financings

January 15, 2015

(2015), 38 OSCB 532

Issuer Name: Fairfax India Holdings Corporation Principal Regulator - Ontario Type and Date: Amended and Restated Preliminary Long Form Prospectus dated December 31, 2014 NP 11-202 Receipt dated January 6, 2015 Offering Price and Description: US$ * - * Subordinate Voting Shares Price: US$10.00 per Subordinate Voting Share Minimum Purchase: 100 Subordinate Voting Shares Underwriter(s) or Distributor(s): RBC Dominion Securities Inc. BMO Nesbitt Burns Inc. CIBC World Markets Inc. Scotia Capital Inc. National Bank Financial Inc. TD Securities Inc. Canaccord Genuity Corp. Desjardins Securities Inc. Raymond James Ltd. Cormark Securities Inc. Dundee Securities Ltd. GMP Securities L.P. Manulife Securities Incorporated Promoter(s): Fairfax Financial Holdings Limited Project #2284695 _______________________________________________ Issuer Name: Manulife Strategic Investment Grade Global Bond Fund Manulife U.S. Balanced Value Private Trust Manulife U.S. Dollar Strategic Income Fund Principal Regulator - Ontario Type and Date: Preliminary Simplified Prospectuses dated January 6, 2015 NP 11-202 Receipt dated January 7, 2015 Offering Price and Description: Advisor Series, Series C, Series CT6, Series F, Series FT6, Series I, Series L, Seires LT6 and Series T6 Securities Underwriter(s) or Distributor(s): MANULIFE ASSET MANAGEMENT INVESTMENTS INC. Manulife Asset Management Investments Inc. Promoter(s): Manulife Asset Management Limited Project #2298504 _______________________________________________

Issuer Name: AGF European Equity Fund Principal Regulator - Ontario Type and Date: Final Simplified Prospectus dated January 7, 2015 NP 11-202 Receipt dated January 12, 2015 Offering Price and Description: Series S units Underwriter(s) or Distributor(s): - Promoter(s): AGF Investments Inc. Project #2288905 _______________________________________________ Issuer Name: RBC Balanced Fund (Series A, Advisor Series, Series T5, Series T8, Series D and Series F units) RBC Global Balanced Fund (Series A, Advisor Series, Series T5, Series T8, Series D and Series F units) RBC Jantzi Balanced Fund (Series A, Advisor Series, Series D, Series F and Series I units) RBC Target 2015 Education Fund (Series A units) RBC Target 2020 Education Fund (Series A units) RBC Target 2025 Education Fund (Series A units) Principal Regulator - Ontario Type and Date: Amendment #1 dated December 16, 2014 to the Simplified Prospectuses and Annual Information Form dated June 27, 2014 NP 11-202 Receipt dated January 9, 2015 Offering Price and Description: - Underwriter(s) or Distributor(s): RBC Global Asset Management Inc. Royal Mutual Funds Inc. RBC Global Asset Management Inc. Royal Mutual Funds Inc./RBC Direct Investing Inc. Royal Mutual Funds Inc. RBC Dominion Securities Inc. Royal Mutual Funds Inc./RBD Direct Investing Inc. The Royal Trust Company Promoter(s): RBC Global Asset Management Inc. Project #2211387 _______________________________________________


January 15, 2015

(2015), 38 OSCB 533

Issuer Name: Dominion General Investment Corporation Principal Regulator - Ontario Type and Date: Final CPC Prospectus dated January 7, 2015 NP 11-202 Receipt dated January 12, 2015 Offering Price and Description: Minimum Offering: $500,000 or 500,000 Common Shares Maximum Offering: $4,750,000 or 4,750,000 Common Shares Price: $1.00 per Common Share Underwriter(s) or Distributor(s): Hapmton Securities Limited Promoter(s): Anton Konovalov Project #2290640 _______________________________________________ Issuer Name: Front Street MLP and Infrastructure Income Class (Series A, Series B, Series F, Series I, Series X, Series UB, Series UF and Series UI shares) Principal Regulator - Ontario Type and Date: Amendment #1 dated December 29, 2014 to the Annual Information Form dated November 3, 2014 NP 11-202 Receipt dated January 7, 2015 Offering Price and Description: - Underwriter(s) or Distributor(s): - Promoter(s): Front Street Capital 2004 Project #2221624; 2246352 _______________________________________________ Issuer Name: Horizons Canadian Midstream Oil & Gas Index ETF Principal Regulator - Ontario Type and Date: Amended and Restated Long Form Prospectus dated January 5, 2015 (the amended prospectus) amending and restating the Long Form Prospectus dated July 4, 2014 NP 11-202 Receipt dated January 8, 2015 Offering Price and Description: Exchange traded fund securities at net asset value Underwriter(s) or Distributor(s): - Promoter(s): HORIZONS ETFs MANAGEMENT (CANADA) INC. Project #2213397;2280222;2174474 _______________________________________________

Issuer Name: Horizons S&P/TSX Composite Shareholder Yield Index ETF Principal Regulator - Ontario Type and Date: Final Long Form Prospectus dated January 5, 2015 NP 11-202 Receipt dated January 8, 2015 Offering Price and Description: ETF securities at net asset value Underwriter(s) or Distributor(s): - Promoter(s): HORIZONS ETFs MANAGEMENT (CANADA) INC. Project #2280222;2174474;2213397 _______________________________________________ Issuer Name: Horizons US Dollar Currency ETF Principal Regulator - Ontario Type and Date: Amended and Restated Long Form Prospectus dated January 5, 2015 (the amended prospectus) amending and restating the Amended and Restated Long Form Prospectus dated July 4, 2014 which amended and restated the Long Form Prospectus dated April 16, 2014. NP 11-202 Receipt dated January 8, 2015 Offering Price and Description: Exchange traded fund securities at net asset value Underwriter(s) or Distributor(s): - Promoter(s): HORIZONS ETFS MANAGEMENT (CANADA) INC. Project #2174474; 2213397; 2280222 _______________________________________________ Issuer Name: North American Palladium Ltd. Principal Regulator - Ontario Type and Date: Final Base Shelf Prospectus dated January 12, 2015 NP 11-202 Receipt dated January 12, 2015 Offering Price and Description: US$150,000,000.00 Common Shares Debt Securities Warrants Subscription Receipts Underwriter(s) or Distributor(s): - Promoter(s): - Project #2290832 _______________________________________________


January 15, 2015

(2015), 38 OSCB 534

Issuer Name: Theralase Technologies Inc. Principal Regulator - Ontario Type and Date: Final Base Shelf Prospectus dated January 9, 2015 NP 11-202 Receipt dated January 12, 2015 Offering Price and Description: $50,000,000.00 Common Shares Warrants Units Subscription Receipts Underwriter(s) or Distributor(s): - Promoter(s): - Project #2293204 _______________________________________________ Issuer Name: Toro Oil & Gas Ltd. Principal Regulator - Alberta Type and Date: Final Short Form Prospectus dated January 6, 2015 NP 11-202 Receipt dated January 7, 2015 Offering Price and Description: $15,000,000 15,000,000 Common Shares Price: $1.00 per Common Share Underwriter(s) or Distributor(s): MACQUARIE CAPITALMARKETS CANADA LTD. DUNDEE SECURITIES LTD. GMP SECURITIES L.P. NATIONAL BANK FINANCIAL INC. Promoter(s): - Project #2293378 _______________________________________________ Issuer Name: Toronto Hydro Corporation Principal Regulator - Ontario Type and Date: Final Base Shelf Prospectus dated January 9, 2015 NP 11-202 Receipt dated January 9, 2015 Offering Price and Description: $1,000,000,000.00 - DEBENTURES (unsecured) Underwriter(s) or Distributor(s): CIBC WORLD MARKETS INC. TD SECURITIES INC. BMO NESBITT BURNS INC. RBC DOMINION SECURITIES INC. NATIONAL BANK FINANCIAL INC. Promoter(s): - Project #2294691 _______________________________________________

January 15, 2015

(2015), 38 OSCB 535

Chapter 12

Registrations 12.1.1 Registrants

Type Company Category of Registration Effective Date

New Firm Taho Capital Management, Inc. Exempt Market Dealer, Portfolio Manager & Investment Fund Manager

January 7, 2015

Change in Registration Category

Value Partners Investments Inc.

From: Investment Fund Manager To: Investment Fund Manager and Portfolio Manager

December 18, 2014

Change in Registration Category

Sigma Analysis and Management Ltd.

From: Portfolio Manager, Commodity Trading Counsel and Commodity Trading Manager To: Investment Fund Manager, Portfolio Manager, Commodity Trading Counsel and Commodity Trading Manager

January 12, 2015

Registrations

January 15, 2015

(2015), 38 OSCB 536


January 15, 2015

(2015), 38 OSCB 537

Chapter 13

SROs, Marketplaces, Clearing Agencies and Trade Repositories

13.2 Marketplaces 13.2.1 TSX – Request for Comments – Amendments to Toronto Stock Exchange Company Manual

TORONTO STOCK EXCHANGE

REQUEST FOR COMMENTS

AMENDMENTS TO TORONTO STOCK EXCHANGE COMPANY MANUAL Toronto Stock Exchange (“TSX” or the “Exchange”) is publishing proposed public interest amendments (the “Amendments”) to the TSX Company Manual (the “Manual”). The Amendments will introduce listing requirements for non-corporate entities, such as exchange traded and closed-end funds, by introducing a new Part XI to the Manual and amending Part I of the Manual. The public interest changes will be published for public comment for a 60-day period. The Amendments will be effective upon approval by the Ontario Securities Commission (the “OSC”) following public notice and comment. Comments should be in writing and delivered by March 16, 2015 to:

Catherine De Giusti Legal Counsel, Regulatory Affairs

Toronto Stock Exchange The Exchange Tower 130 King Street West

Toronto, Ontario M5X 1J2 Fax: (416) 947-4461

Email: [email protected] A copy should also be provided to:

Susan Greenglass Director

Market Regulation Ontario Securities Commission

20 Queen Street West Toronto, Ontario M5H 3S8

Fax: (416) 595-8940 Email: [email protected]

Comments will be publicly available unless confidentiality is requested. Overview TSX is seeking public comment on the Amendments to the Manual. This Request for Comments explains the reasons for, and objectives of, the Amendments. Following the comment period, TSX will review and consider the comments received and implement the Amendments, as proposed, or as modified as a result of comments. Text of the Amendments The Amendments to the Manual are set out at Appendix A. The Amendments relate to the listing of Exchange Traded Products, Closed-end Funds and Structured Products, which are proposed to be added to the Manual and defined as follows: “Closed-end Fund” means an investment fund, mutual fund, split share corporation, capital trust or other similarly formed entity that is managed in accordance with specific investment goals and strategies. TSX, in its discretion, shall determine if an issuer will be considered a Closed-end Fund.


January 15, 2015

(2015), 38 OSCB 538

“Exchange Traded Product” or “ETP” means redeemable equity securities (an “Exchange Traded Fund” or “ETF”) or debt securities (an “Exchange Traded Note” or “ETN”) offered on a continuous basis under a prospectus which gives an investor exposure to the performance of specific indices, sectors, managed portfolios or commodities through a single security. TSX, in its discretion, shall determine if the securities will be considered an ETP. “Structured Product” means securities generally issued by a Financial Institution (or similar entity) under a base shelf prospectus and pricing supplement where an investor’s return is contingent on, or highly sensitive to, changes in the value of underlying assets, indices, interest rates or cash flows. Structured Products include securities such as non-convertible notes, principal or capital protected notes, index or equity linked notes, tracker certificates and barrier certificates. TSX, in its discretion, shall determine if the securities will be considered a Structured Product. Background to the Amendments The Manual is intended to provide a detailed and well-indexed compendium of the requirements applicable to all applicants for listing and all listed issuers to ensure a transparent, fair and orderly market for listed securities. The rules are intended to accommodate issuers that are diverse in size and activity. The rules and requirements currently set out in the Manual are principally designed for corporate entities. Over the years, the structure and nature of listed issuers has evolved from the more traditional corporate issuers to include issuers such as ETPs, Closed-end Funds and Structured Products. Over the past decade, ETFs and Closed-end Funds have become more prevalent in Canada. At the end of 2008, there were three ETF providers in Canada, with 84 products listed on TSX. As of October 31, 2014, there were nine ETF providers in Canada with 335 ETFs listed on TSX, including 56 new ETFs listed in 2014. Over the last five years, TSX has averaged 35 new Closed-end Fund listings per year. Additionally, the quoted market value for all Closed-end Funds has increased from $19B at the end of 2008 to $26B as of October 31, 2014. It is expected that more ETF providers will enter the Canadian market over the coming years. The Structured Product market in Canada is dominated by the six major Canadian banks, none of which currently list such products. There are currently only three providers of listed Structured Products in Canada, with six products listed on TSX or on other Canadian exchanges. TSX believes there may be benefits to public listings for such products. TSX is therefore proposing to introduce rules specifically tailored to listing ETPs, Closed-end Funds and Structured Products. Over the last few months, TSX has consulted with ETP providers and Closed-end Fund managers, as well as lawyers, retail brokers and investment bankers active in this sector in formulating the proposed Amendments. Comparison to Other Exchanges TSX conducted a review of the listing requirements for ETPs, Closed-end Funds and Structured Products of New York Stock Exchange (“NYSE”), NASDAQ, BATS, London Stock Exchange, Australian Securities Exchange, Canadian Securities Exchange and Aequitas Neo Exchange (“Aequitas”). Each marketplace is unique in terms of how ETPs, Closed-end Funds and Structured Products are regulated by the local securities regulators. These differences in regulation are reflected in each exchange’s listing requirements and many requirements of other exchanges do not apply to these products in Canada. We believe that the products listed on NASDAQ and NYSE are the most comparable to those listed on TSX. Comparable requirements are discussed below under the separate subsections for each of the product types. Minimum Listing Requirements There are fundamental differences in the trading, liquidity and ability to raise additional funds among the three different product categories and accordingly we are proposing different standards for each of the categories. For example:

• We are proposing a low minimum IPO raise or market capitalization requirement for ETPs as they are able to continuously offer additional securities from treasury and grow assets under management and their market capitalization once listed. We are proposing to set the minimum IPO raise or market capitalization requirement for Closed-end Funds higher and include specific distribution requirements to ensure that there is sufficient liquidity and trading in the secondary market.

• For Structured Products, we are proposing a lower minimum IPO raise or market capitalization requirement

because these products have short or medium term expiry dates and trading liquidity may be supported by the issuer, acting as market maker.

ETPs For ETPs, designated brokers subscribe to the initial securities listed on TSX for subsequent distribution to retail investors. Currently, there is no published minimum market capitalization requirement for ETPs, but the general practice has been to allow


January 15, 2015

(2015), 38 OSCB 539

ETPs to list with a minimum of $2 million in market capitalization, with certain limited exceptions. Designated brokers prefer to minimize the initial capital to seed an ETP and have consistently requested that TSX lower the minimum market capitalization TSX has required for listing. In setting the minimum market capitalization threshold TSX considered that it may not necessarily correlate to liquidity, as an ETP can create new ETP securities at any time to increase the market capitalization, and the liquidity of an ETP is mainly derived from the underlying basket of securities. TSX also considered that retail investors may, however, consider the market capitalization to be a better indicator of liquidity. The issue of designated brokers wanting to limit the amount of seed capital is not an issue unique to Canada. In the U.S., NYSE, NASDAQ, and BATS require that ETPs have a minimum of 100,000 securities. Therefore, an issuer could list with seed capital of $1 million if the initial ETP securities were priced at $10. Aequitas requires ETPs to have a minimum seed capital between $1 and $2 million, depending on the total market value of all ETPs managed by the same provider. Based on discussions with market makers in Canada and the requirements of other exchanges, TSX is proposing a $1 million minimum market capitalization as an appropriate requirement for listing ETPs on TSX primarily because ETPs are in continuous distribution and redemption. Closed-End Funds For commercial reasons, we understand that Closed-end Fund issuers will not typically list a fund if they are unable to raise at least $20 million, as it would be unprofitable for them to manage a publicly-listed fund with an asset base of less than $20 million. For many years, TSX has required a minimum raise of $20 million for Closed-end Funds and the proposed Amendments reflect this practice. In comparing the TSX requirement to the exchanges in the U.S., NYSE requires Closed-end Funds to have a minimum market value of $60 million at the time of original listing and NASDAQ requires a minimum market value of $75 million. Aequitas has set the minimum listing requirement for Closed-end Funds at $20 million. We are therefore proposing $20 million as an appropriate minimum, which is also consistent with existing TSX practice. Structured Products Only a handful of Structured Products are currently listed on Canadian exchanges. The majority of Structured Products are unlisted. Structured Products are typically launched after a very short marketing period and raise a few million dollars per product. Financial institutions tend to be serial issuers of these products and will market multiple products at a time. These products typically have maturity dates between two to five years, and most investors tend to sell them close to the maturity date. Therefore, there is very little trading volume for most of the products’ lives, and a larger public float would not necessarily increase trading liquidity. If a certain product or structure becomes popular among investors, financial institutions will typically create a new series of that product instead of re-opening a previously issued Structured Product. These products typically have a market capitalization ranging from approximately $1 to $15 million. Aequitas has set the minimum market capitalization requirement at $4 million to list Structured Products. In the past, TSX has allowed Structured Products to list with a minimum of $2 million of market capitalization based on the requirements for the supplemental listing of debt for corporate issuers. Based on the limited need for liquidity and short product life, TSX is proposing $1 million of market capitalization as an appropriate minimum. Rationale for the Amendments TSX is proposing the Amendments for transparency and to facilitate the implementation and enforcement of rules in the Manual for ETPs, Closed-end Funds and Structured Products. Recent CSA Initiatives On June 19, 2014, the Canadian Securities Administrators (the “CSA”) announced the adoption of amendments to NI 81-102 – Mutual Funds that are specifically targeted at improving regulation of Closed-end Funds. One of these amendments restricts Closed-end Funds from distributing rights or warrants to current security holders. The CSA are of the view that these distributions are potentially harmful to Closed-end Funds’ security holders because security holders may be coerced into exercising the rights or warrants or forced to suffer dilution. As a result, TSX has not provided for any rules regarding warrant and rights offerings for Closed-end Funds in the proposed Amendments. Additionally, the CSA have amended the requirements for Closed-end Funds that propose to merge with another Closed-end Fund or convert into an open-ended mutual fund and, as a result, TSX rules on this matter are redundant and no longer required in the Manual and will be removed concurrent with the implementation of the Amendments.


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Summary of the Amendments The following is a summary of the proposed Amendments. The Amendments that relate to matters other than original listing requirements generally codify TSX’s existing practice. Non-Corporate Issuers generally have very little transactional activity after initial listing. Please refer to Appendix A for the full text of the Amendments.

Requirement ETPs Closed-end Funds Structured Products

Minimum IPO Raise or Market Capitalisation

$1 million $20 million $1 million

Distribution - 1,000,000 freely tradeable securities 300 public board lot holders

-

Principal listing documents

Prospectus (continuous offering)

Prospectus Base shelf prospectus + Pricing supplement

Board & Management

ETPs other than those issued by Financial Institutions – Issuer or its Manager: CEO, CFO, Secretary and Independent Review Committee (“IRC”). Management responsible for day-to-day operations of the ETP will be reviewed to ensure they meet the requirements of Section 325 of the Manual.

Issuer or its Manager: CEO, CFO + Secretary and IRC. Management responsible for day-to-day operations of the Closed-end Fund will be reviewed to ensure they meet the requirements of Section 325 of the Manual.

Structured Products other than those issued by Financial Institutions – Issuer or its Manager: CEO, CFO, Secretary and two independent directors. Management responsible for day-to-day operations of the Structured Product will be reviewed to ensure they meet the requirements of Section 325 of the Manual. Non-Financial Institutions proposing to list Structured Products are encouraged to have preliminary discussions with TSX in advance of filing a listing application.

Net Asset Value (NAV)

ETPs, Closed-end Funds and Structured Products must have and maintain a publicly accessible website. Issuers must provide TSX with a representation that the NAV will be calculated daily for ETPs and weekly for Closed-end Funds and Structured Products and will be made available to the public on such website.

Requirements applicable to transactions


Issuance of Securities (General)

Immediate notification to TSX of any transaction involving the issuance or potential issuance of any new class of securities that is convertible into a listed class of securities.

Immediate notification to and pre-approval by TSX of any transaction involving the issuance or potential issuance of any securities other than unlisted, non-voting, non-participating securities.

Additional Listing

Any creation of securities to be effected in accordance with constating documents and National Instrument 81-102 – Mutual Funds if applicable.

The issuance of additional securities should be at a price that yields net proceeds per security of no less than 100% of the most recently calculated NAV per security calculated immediately prior to the pricing of such issuance other than by way of distributions to all security holders on a pro rata basis.


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No prior approval required from TSX for issuance or potential issuance of securities of a class already listed on TSX. Issuers will provide TSX with a legal opinion on a quarterly basis for all new security issuances during the previous quarter.

Supplemental Listings

The minimum distribution requirement is the prescribed number of units if the new class of securities is convertible into a currently listed class of securities. If the new class of securities is not convertible into an already listed class of securities then the minimum requirements for an original listing apply.

The minimum market value is $2M for the new class of securities provided that such securities are convertible into a currently listed class. There must also be at least 100,000 publicly held securities by at least 100 public board lot holders at the time of listing. If the new class of securities is not convertible into an already listed class of securities, then the minimum requirements for an original listing apply.

N/A*

Dividends & Other Distributions

In accordance with Sections 428 – 435 of the Manual. Due Bill trading will not apply to special distributions to be paid in securities where the securities to be distributed are immediately consolidated after the distribution, resulting in no change to the number of securities held by security holders. For distributions that are payable in securities, and where those securities will be re-invested and the resulting securities immediately consolidated so that the number of securities held by each investor will not change, TSX will require issuers to press release the estimated distribution amount four days prior to the declared record date. Upon determination of the exact amount of any estimated distribution, the issuer must disseminate the final details by news release.

Management Fees Any management fees payable with securities issued from treasury will be subject to Section 613 of the Manual – Security Based Compensation Arrangements.

Security holder Approval

In addition to the matters requiring security holder approval under Section 5.1 of NI 81-102 – Mutual Funds, security holder approval will be required for the following items: (i) Any amendments, not covered by the general amendment provisions, to the articles of incorporation

or Declaration of Trust (or equivalent documents); and, (ii) Extension beyond the originally contemplated termination date, unless security holders are given an

opportunity to redeem securities at NAV on the originally contemplated terminate date.

Termination/ Voluntary Delisting

Unless they have a fixed termination date, TSX will require that all Closed-end Funds, ETPs and Structured Product issuers provide 30 days’ notice to security holders. Voluntary delistings in accordance with Section 720 of the Manual.

Notification to TSX

Non-Corporate Issuers must pre-clear materials sent to security holders, other than continuous disclosure documents.


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Continued Listing Requirements

N/A $3M per Closed-end Fund 150 public board lot holders

N/A

Personal Information Forms (PIFs)

Directors and officers of the issuer, the manager or management responsible for day-to-day operations will be required to submit a PIF. Clearance valid for one year. PIF valid for three years.

* A supplemental listing by issuers of Structured Products will be reviewed as an Original Listing.

Questions

1. Are the proposed original listing requirements for ETPs, Closed-end Funds and Structured Products appropriate? In particular, are the proposed minimum initial public offering conditions appropriate?

2. For Closed-end Funds that do not calculate NAV on a daily basis, what is a reasonable time period within

which they should be required to price an offering of additional listed securities? 3. For Closed-end Funds, is it appropriate to require new funds to publish a daily NAV on their website? Should

exemptions be made for certain fixed-income funds or alternative asset funds? 4. Does Independent Review Committee approval for fund mergers provide any value to the TSX? Is there any

other way to provide comfort to TSX, when security holder approval is not sought, that the merger of two funds is fair and reasonable for current security holders of both funds?

5. Should TSX require security holder approval for any other matters for ETPs, Closed-end Funds and

Structured Products? 6. Are the proposed continued listing requirements appropriate? 7. Are there any other rules or requirements contained in the Manual that should be adapted to better suit ETPs,

Closed-end Funds and Structured Products?

Public Interest TSX is publishing the Amendments for a 60-day comment period, which expires March 16, 2015. The Amendments will only become effective following public notice and the approval of the OSC.


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APPENDIX A

TEXT OF PROPOSED AMENDMENTS TO THE TSX COMPANY MANUAL Part I – Interpretation Part I will be amended by adding each of the following definitions: “Closed-end Fund” means an investment fund, mutual fund, split share corporation, capital trust or other similarly formed entity that is managed in accordance with specific investment goals and strategies. TSX, in its discretion, shall determine if an issuer will be considered a Closed-end Fund; “Exchange Traded Product” or “ETP” means redeemable equity securities (an “Exchange Traded Fund” or “ETF”) or debt securities (an “Exchange Traded Note” or “ETN”) offered on a continuous basis under a prospectus which gives an investor exposure to the performance of specific indices, sectors, managed portfolios or commodities through a single security. TSX, in its discretion, shall determine if the securities will be considered an ETP; “Financial Institution” means a financial institution regulated by the Office of the Superintendent of Financial Institution (“OSFI”) or, if a foreign financial institution, regulated by a regulatory body equivalent to OSFI with not less than $150 million market capitalization; “Manager” means a person or company who is a registered investment fund manager; “Non-Corporate Issuer” means an ETP, Closed-end Fund and / or Structured Product; and “Structured Product” means securities generally issued by a Financial Institution under a base shelf prospectus and pricing supplement where an investor’s return is contingent on, or highly sensitive to, changes in the value of underlying assets, indices, interest rates or cash flows. Structured Products include securities such as non-convertible notes, principal or capital protected notes, index or equity linked notes, tracker certificates and barrier certificates. TSX, in its discretion, shall determine if the securities will be considered a Structured Product.


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A new section, Part XI, will be added to the Manual, as follows: PART XI – REQUIREMENTS APPLICABLE TO NON-CORPORATE ISSUERS This section sets out the requirements that are specifically applicable to Non-Corporate Issuers. In addition to the specific requirements outlined in this Part XI, Non-Corporate Issuers must also comply with the following sections of the Manual:

Part IV – MAINTAINING A LISTING All Sections, other than Shareholders’ Meeting and Proxy Solicitation (Sections 455-465) Part VI – CHANGES IN CAPITAL STRUCTURE

(A) Discretion (Section 603), Security Holder Approval (Section 604), Changes in Issued Securities (Section 605) (C) Security Based Compensation Arrangements (Section 613) (F) Substitutional Listings (Sections 618 - 622) (I) Redemption of Listed Securities (Section 625) (L) Normal Course Issuer Bids (Sections 628 - 629)

Part VII – HALTING, SUSPENSION AND DELISTING All Sections, other than Market Value and Public Distribution (Section 712) Part IX – DEALING WITH THE NEWS MEDIA All Sections

A. Original Listing Requirements 1101. Introduction This section outlines the minimum listing requirements for each of ETPs (Section 1102), Closed-end Funds (Section 1103) and Structured Products (Section 1104), as defined under Part I of the Manual. The Exchange generally expects that an original listing application of a Non-Corporate Issuer will be accompanied by a prospectus which will be concurrently or has been recently filed with the OSC. The Exchange recommends that prospective applicants without a prospectus obtain a preliminary opinion from TSX as to their eligibility for listing. These minimum listing requirements should be read in conjunction with the Section 325, which sets out the Exchange’s requirements regarding the quality of management. These minimum listing criteria have been designed as guidelines and the Exchange reserves the right to exercise its discretion in applying them. This discretion may well take into consideration facts or situations unique to a particular applicant, resulting in the granting or denial of a listing application notwithstanding the published criteria. The Exchange will also take into consideration an applicant’s status regarding compliance with the requirements of other regulatory agencies. In addition, the Exchange must be satisfied that an applicant is in compliance with Exchange policies applicable to listed issuers, including policies described in Part III. Please refer to Sections 338 to 360 for the Listing Application Procedure. 1102. Requirements for ETPs

(a) Minimum market capitalization. Initial public offering or market value of freely tradeable securities to be listed of at least $1,000,000;


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(b) NAV. NAV must be calculated on each trading day and be made available on a publicly accessible website; and (c) Management. If the ETP is not issued by a Financial Institution, the ETP or its Manager must have a CEO, CFO (who is not also the CEO), Secretary and an IRC. The ETP or its Manager must have adequate and appropriate experience in the asset management industry, as determined by the Exchange. For ETPs issued by Financial Institutions, individuals responsible for day-to-day management and operations of the ETP must be identified. TSX must be satisfied that management of the ETP, the Manager or the individuals designated by the Financial Institution will fulfill the requirements of Section 325 of the Manual.

1103. Requirements for Closed-end Funds

(a) Minimum market capitalization. Initial public offering or market value of freely tradeable securities to be listed of at least $20,000,000; (b) NAV. NAV must be calculated at least on a weekly basis and be made available on a publicly accessible website; (c) Public distribution. At least 1,000,000 freely tradable securities must be held by at least 300 public holders, each holding one board lot or more; and (d) Management. The Closed-end Fund or its Manager must have a CEO, CFO (who is not also the CEO), a Secretary and an IRC. The Manager must have adequate and appropriate experience in the asset management industry, as determined by the Exchange. TSX must be satisfied that management of the Manager will fulfill the requirements of Section 325 of the Manual.

1104. Requirements for Structured Products

(a) Minimum market capitalization. Initial public offering or market value of freely tradeable securities to be listed of at least $1,000,000; (b) NAV. NAV must be calculated at least on a weekly basis and be made available on a publicly accessible website; and (c) Management. If the Structured Product is not issued by a Financial Institution, the issuer or its Manager must have at least two independent directors, a CEO, CFO (who is not the CEO), and a Secretary. The Manager must have adequate and appropriate experience in the asset management industry, as determined by the Exchange. For Structured Products issued by Financial Institutions, individuals responsible for the management and day-to-day operations of the Structured Product must be identified. TSX must be satisfied that management of the Manager or the individuals designated by the Financial Institution will fulfill the requirements of Section 325 of the Manual.

Prior to filing a listing application, the Exchange recommends that issuers other than Financial Institutions proposing to list Structured Products obtain a preliminary opinion as to the eligibility for listing. 1105. Listing Related Procedures Please refer to Sections 338 to 360. B. Changes in Capital Structure 1106. General

(a) ETPs Every listed ETP shall immediately notify the Exchange in writing of any transaction involving the issuance or potential issuance of any new class of securities that is convertible into a listed class of securities. ETPs are not required to provide prior notification to the Exchange of the issuance or potential issuance of listed securities offered on a continuous basis. (b) Closed-end Funds and Structured Products Every listed Closed-end Fund and Structured Product shall immediately notify the Exchange in writing of any transaction involving the issuance or potential issuance of any securities other than unlisted, non-voting, non-participating securities.


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1107. Additional Listings (a) ETPs

(i) The creation of any securities of an ETP must be effected in accordance with its constating documents and National Instrument 81-102 – Mutual Funds, if applicable; and (ii) ETPs must provide the Exchange on a quarterly basis with a Form 1 – Change in Outstanding and Reserved Securities and an opinion of counsel that all securities issued during the previous quarter have been validly issued as fully paid and non-assessable securities of the ETP.

(b) Closed-end Funds and Structured Products

(i) A Closed-end Fund or Structured Product may not proceed with a Subsection 1106(b) transaction unless accepted by TSX. Failure to comply with this provision may result in the suspension and delisting of the listed issuer's listed securities (see Part VII of this Manual). (ii) TSX will advise the Closed-end Fund or Structured Product in writing generally within seven (7) business days of receipt by TSX of the notification required under Subsection 1106(b), of its decision to accept or not to accept the notice, indicating any conditions of acceptance or its reasons for non-acceptance. Further information or documentation may be requested before TSX decides to accept or not accept notice of a transaction. In reviewing the transaction described in the notice, TSX will consider the applicable provisions of this Manual. (iii) Where a Closed-end Fund or Structured Product proposes to enter into transaction which requires notification under Subsection 1106(b), any public announcement of the transaction must disclose that the transaction is subject to TSX acceptance or approval. (iv) The issuance of additional listed securities must yield net proceeds per security to the issuer of no less than 100% of the most recently calculated NAV per security, calculated immediately prior to the pricing of such issuance, other than distributions to all security holders on a pro rata basis. All transactions must close within 30 days of the most recently calculated NAV. (v) Closed-end Funds and Structured Products must notify the Exchange whether an “if, as, and when issued” market may be requested.

1108. Supplemental Listings An ETP or Closed-end Fund proposing to list securities of a class that is not already listed should apply for the listing by letter addressed to TSX. The letter must be accompanied by one copy of the preliminary prospectus describing the provisions of the securities. The Exchange recommends that ETPs and Closed-end Funds without a preliminary prospectus contact the Exchange to obtain a preliminary opinion as to the eligibility to list the supplemental securities. Structured Product issuers proposing to list securities of a class that is not already listed will be considered under original listing requirements set out in Section 1104, other than the Management requirements in Subsection 1104(c). If TSX conditionally approves the listing of the securities:

(i) This fact may be disclosed in the final prospectus or in other documents, in accordance with Section 346, and TSX will so advise the securities regulatory authorities. (ii) The following documents must be filed with TSX within ninety (90) days of its conditional acceptance of the supplemental listing (or within such later time as TSX may stipulate):

(1) a notarial or certified copy of the resolution of the board of directors (or equivalent body) of the ETP, Closed-end Fund or the Manager (as the case may be) authorizing the application to list the securities;

(2) a notarial or certified copy of the amended declaration of trust or equivalent document, giving effect

to the creation of the securities; (3) one commercial copy of the final prospectus, or other offering document, if applicable;


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(4) an opinion of counsel that the securities to be listed have been validly created in accordance with applicable law and that the securities are validly issued as fully paid and non-assessable;

(5) a definitive specimen of the generic or customized security certificate, if any, in accordance with the

requirements set out in Appendix D; (6) a copy of the unqualified letter of confirmation from CDS disclosing the CUSIP number assigned to

the securities (see Section 350); and (7) for Closed-end Funds, evidence of satisfactory distribution of the securities to be listed, which

evidence may take the form of a letter from the underwriters/agents setting out the anticipated distribution of the securities based on the subscriptions received as of the date of the letter and that, at the time of listing, the distribution requirements set out in Section 1108(b)(i) or (ii) will be met.

(a) ETPs

(i) If the new class of securities to be listed is convertible into a currently listed class of securities, the number of securities of the new class must be not less than the minimum prescribed number of units as set out in the constating documents. (ii) If the new class of securities to be listed is not convertible into a currently listed class of securities, the minimum original listing requirements for ETPs found in Subsections 1102 (a) and (b) apply.

In the case of the listing of securities being offered to the public, the listing may take place prior to the closing of the offering, at the listed issuer’s request. TSX staff will advise the listed issuer of the requirements in this regard. Any trading that takes place prior to closing will be on an “if, as and when issued” basis. (b) Closed-end Funds

(i) If the new class of securities to be listed is convertible into a currently listed class of securities: (1) the market value of the securities of the new class listed must not be less than $2,000,000; and (2) at least 100,000 freely tradeable securities must be held by at least 100 public holders, each holding one board lot or more. (ii) If the new class of securities to be listed is not convertible into a currently listed class of securities, the minimum original listing requirements for Closed-end Funds in Subsections 1103 (a), (b) and (c) apply.

In the case of the listing of securities being offered to the public, the listing may take place prior to the closing of the offering, at the listed issuer’s request. TSX staff will advise the listed issuer of the requirements in this regard. Any trading that takes place prior to closing will be on an “if, as and when issued” basis.

1109. Dividends and Other Distributions Refer to Sections 428 to 435 of the Manual for the requirements applicable to dividends and other distributions. Due Bill trading will not be implemented for special distributions of additional listed securities where such securities are immediately consolidated. Issuers must disseminate a news release with the estimated distribution amount at least four (4) trading days prior to the record date. Upon determination of the exact amount of any estimated distribution, the issuer must disseminate the final details by way of news release in accordance with the TSX timely disclosure policy. 1110. Management Fees Any management fees payable in respect of a Non-Corporate Issuer providing for an issuance of securities from treasury will be subject to the requirements of Section 613 of the Manual. 1111. Security Holder Approval for Amendments to Constating Documents For ETPs and Closed-end Funds, in addition to the matters requiring security holder approval pursuant to Section 5.1 of NI 81-102 – Mutual Funds and as otherwise required by the Manual, the Exchange requires security holder approval for:

(i) any amendments to the articles of incorporation or declaration of trust that are not covered by the general amendment provisions thereof; and,


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(ii) the extension of an ETP or Closed-end Fund beyond the originally contemplated termination date, unless security holders are provided the opportunity to redeem securities at NAV on or about the originally contemplated termination date.

1112. Termination / Voluntary Delisting Unless a Non-Corporate Issuer has a fixed termination date, the Non-Corporate Issuer must provide security holders with at least 30 days’ notice prior to termination. A Non-Corporate Issuer wishing to have all or any class of its listed securities voluntarily delisted from TSX should refer to Section 720 of the Manual. 1113. Notification to the Exchange Non-Corporate Issuers must pre-clear any materials sent to security holders, except for continuous disclosure documents such as financial statements or management report of fund performance. 1114. Continued Listing Requirements Please refer to Part VII of the Manual. All of Part VII of the Manual applies to Non-Corporate Issuers, except for (D) – Delisting Criteria (Section 712). The securities of Closed-end Fund may be suspended or delisted if:

(i) the market value of its securities listed on TSX is less than $3,000,000 over any period of 30 consecutive trading days; (ii) the number of freely-tradable, publicly held securities is less than 500,000; or (iii) the number of public security holders, each holding a board lot or more, is less than 150.

The securities of an ETP or Structured Product may be suspended or delisted if, in the opinion of the Exchange, the continued listing of such securities would not be consistent with preserving the overall quality of the market. In making its determination, the Exchange will consider factors, including the following and any other relevant considerations:

(i) the level of trading liquidity of the listed securities; (ii) the market value of the listed securities; (iii) in the case of an ETP, the absence of a designated broker for the listed securities; (iv) in the case of a Structured Product, where the Financial Institution (or other similar institution) that has issued the Structured Product has ceased to act as a market maker for the Structured Product; and (v) the bid and ask spread of the listed securities.

No set of criteria can effectively anticipate the unique circumstances which may arise in any given situation. Accordingly, each situation is considered individually on the basis of relevant facts and circumstances. As such whether or not any of the delisting criteria has become applicable to a listed issuer or security, TSX may, at any time, suspend from trading and delist securities if, in the opinion of TSX, such action is consistent with the objective cited above or further dealings in the securities on TSX may be prejudicial to the public interest.


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Section 716 to be amended as follows: 716. Management TSX requires that each listed issuer must meet, on an ongoing basis, the management requirements relevant to its category of listing that are described in Section 311(for Industrial Issuers), Section 316 (for Mining Issuers), and Section 321 (for Oil & Gas Issuers), Section 1102 (ETPs), Section 1103 (Closed-end Funds) and Section 1104 (Structured Products). TSX may delist the securities of a listed issuer that has failed to meet such management requirements. Upon receipt of a Form 3 (see Section 424) from a listed issuer, or upon notice of a new insider of a listed issuer, TSX will conduct a review of the new director, officer, trustee or insider with a view to determining the suitability of such individual or entity as an insider of the listed issuer. Upon the request of TSX, listed issuers will submit a Personal Information Form (Form 4—Appendix H) for any person so requested. TSX may delist the securities of a listed issuer in the event TSX determines that such individual or entity is not suitable as an insider of the listed issuer. Once submitted, a Personal Information Form (Form 4 – Appendix H) is valid for a time period of three years, absent any material change in the information submitted. Once a Personal Information Form (Form 4 – Appendix H) has been cleared by the Exchange, such clearance is valid for a period of one calendar year for Non-Corporate Issuers. After one year, subject to there having been no material change in the information submitted to the Exchange in the original Personal Information Form (Form 4 – Appendix H), an insider of a Non-Corporate Issuers may submit a completed Declaration (Form 4B – Appendix H) in connection with a new listing application.


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13.2.2 Canadian Securities Exchange – Housekeeping Amendments to Rules, Policies and Forms – Notice of Approval

CANADIAN SECURITIES EXCHANGE

HOUSEKEEPING AMENDMENTS TO RULES, POLICIES AND FORMS

NOTICE OF APPROVAL

January 15, 2015 Introduction In accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F1 and the Exhibits thereto (Exchange Protocol) for recognized exchanges, the Ontario Securities Commission (OSC) has approved amendments to the Rules of CNSX Markets Inc. (CNSX Rules) which are attached below. As of January 6, 2014 CNSX Markets Inc. (the Exchange) operates as the Canadian Securities Exchange, or CSE. The amendments are being treated as housekeeping amendments, required as a result of the change in operating name, and in the case of new Rule 2-117, as a result of amendments to the CNSX Recognition Order. The amendments were not published for comment. Reasons for the Amendments On December 2, 2013 CNSX Markets introduced technological changes that resulted in a single trading system, rather than two separate instances of the same system. As a result, all CNSX Listed Securities and Alternative Market Securities (trading on the “Pure Trading” platform) commenced trading in a single system. On January 6, 2014, CNSX Markets began operating under the name Canadian Securities Exchange or CSE, replacing Canadian National Stock Exchange or CNSX. The trading rules, listing policies and forms (Rules, Policies and Forms) have been amended to reflect the change of name. Description of the Change In the Rules, Policies and Forms:

To reflect the change in the operating name of the Exchange, references to CNSX or CNSX Markets have generally been changed to “the Exchange”. Definitions have been added or expanded to include “Canadian Securities Exchange” and “CSE” as meaning CNSX Markets Inc. “CNSX Board”, “CNSX Dealer”, and “CNSX Issuer” have been amended to “Board”, “Dealer” and “Issuer” and “CNSX System” to “Trading System”.

In the Rules:

The definition of “Alternative Market” has been deleted, and the definition of “Alternative Market Security” has been changed to “Other Listed Security” In Rule 2-104 Rights of Applicant, an incorrect reference to Rule 1-104 has been corrected to Rule 2-105. Rule 4-102(3) includes an updated reference to National Instrument 45-102. Rule 2-117 Disclosure of Exchange Ownership has been added to address the potential conflict of interest of a Dealer routing client orders to the Exchange when the Dealer that is also a significant shareholder of the Exchange

In the Policies: Policy 6 – Section 5.3, reference updated to MI 45-105.


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In the Forms: Form 9 – Reference updated to NI 45-102 Form 13 – Reference updated to MI 61-101 Text of Rule 2-117: Rule 2-117 Disclosure of Exchange Ownership A Dealer that beneficially owns or controls, directly or indirectly, more than 5% of any class of voting shares of the Exchange must disclose that relationship with the Exchange to:

(a) Clients whose orders might be, and clients whose orders have been, routed to the Exchange; and (b) Entities for whom the Dealer is acting or proposing to act as an underwriter in connection with the issuance of

securities to be listed on the Exchange. Expected Implementation Date: January 15, 2015. Rules, Policies and Forms are all available on CSE website www.thecse.com or may be requested by email to [email protected].


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(2015), 38 OSCB 552


January 15, 2015 (2015), 38 OSCB 553

Index

A25 Gold Producers Corp. Notice from the Office of the Secretary ....................... 236 Order ........................................................................... 261 Adams, James Stuart Notice from the Office of the Secretary ....................... 236 Order ........................................................................... 261 Amar, Avi Notice from the Office of the Secretary ....................... 236 Order ........................................................................... 261 Amar, David Notice from the Office of the Secretary ....................... 236 Order ........................................................................... 261 American Hotel Income Properties REIT LP Decision ...................................................................... 247 Armadillo Energy Inc. Notice from the Office of the Secretary ....................... 234 Notice from the Office of the Secretary ....................... 235 Order ........................................................................... 250 Order ........................................................................... 252 Settlement Agreement ................................................ 279 Armadillo Energy, Inc. Notice from the Office of the Secretary ....................... 234 Notice from the Office of the Secretary ....................... 235 Order ........................................................................... 250 Order ........................................................................... 252 Settlement Agreement ................................................ 279 Armadillo Energy LLC Notice from the Office of the Secretary ....................... 234 Notice from the Office of the Secretary ....................... 235 Order ........................................................................... 250 Order ........................................................................... 252 Settlement Agreement ................................................ 279 Armadillo Energy, LLC Notice from the Office of the Secretary ....................... 234 Notice from the Office of the Secretary ....................... 235 Order ........................................................................... 250 Order ........................................................................... 252 Settlement Agreement ................................................ 279 Atkinson, Peter Y. Order (2006) ............................................................... 263 Black, Conrad M. Order (2006) ............................................................... 263 BlackIce Enterprise Risk Management Inc. Cease Trading Order .................................................. 297

Boultbee, John A. Order (2006) ............................................................... 263 Canadian Securities Exchange – Housekeeping Amendments to Rules, Policies and Forms Marketplaces – Notice of Approval ............................. 550 Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations Notice of Ministerial Approval ..................................... 229 Rules and Policies ...................................................... 299 Companion Policy 33-109CP Registration Information Notice of Ministerial Approval ..................................... 229 Rules and Policies ...................................................... 312 Companion Policy 33-506CP (Commodity Futures Act) Registration Information Notice of Ministerial Approval ..................................... 229 Companion Policy 45-501CP Ontario Prospectus and Registration Exemptions Notice of Ministerial Approval ..................................... 229 Rules and Policies ...................................................... 343 Companion Policy 52-107CP Acceptable Accounting Principles and Auditing Standards Notice of Ministerial Approval ..................................... 229 Rules and Policies ...................................................... 341 DeBoer, Douglas Notice from the Office of the Secretary ....................... 234 Notice from the Office of the Secretary ....................... 235 Order .......................................................................... 250 Order .......................................................................... 252 Settlement Agreement ................................................ 279 Dunk, Michelle Notice from the Office of the Secretary ....................... 234 Notice from the Office of the Secretary ....................... 235 Order .......................................................................... 250 Order .......................................................................... 252 Settlement Agreement ................................................ 279 EmberClear Corp. Order – s. 144............................................................. 272 Cease Trading Order .................................................. 297 Gale, Sandra Notice of Correction .................................................... 230 Oral Reasons and Decision ........................................ 273 Gold-Quest International Notice of Correction .................................................... 230 Oral Reasons and Decision ........................................ 273

Index

January 15, 2015 (2015), 38 OSCB 554

Ground Wealth Inc. Notice from the Office of the Secretary ....................... 234 Notice from the Office of the Secretary ....................... 235 Order ........................................................................... 250 Order ........................................................................... 252 Settlement Agreement ................................................ 279 Heritage Education Funds Inc. Notice of Hearing and Statement of Allegations – ss. 127, 127.1 ........................................ 231 Notice from the Office of the Secretary ....................... 234 Notice from the Office of the Secretary ....................... 236 Order ........................................................................... 260 Settlement Agreement ................................................ 290 Hollinger Inc. Order (2006) ............................................................... 263 Magnum Energy Inc. Cease Trading Order .................................................. 297 Mahdia Gold Corp. Cease Trading Order .................................................. 297 Marret Asset Management Inc. Decision ...................................................................... 239 Marret Multi-Strategy Income Fund Decision ...................................................................... 239 MI 11-102 Passport System Rules and Policies ...................................................... 342 Next Edge Capital Corporation Decision ...................................................................... 242 Next Edge GLG EM Income Fund Decision ...................................................................... 242 Next Edge GLG Emerging Markets Income Fund Decision ...................................................................... 242 Next Edge Theta Yield Fund Decision ...................................................................... 242 NI 23-102 Use of Client Brokerage Commissions Notice of Ministerial Approval ...................................... 229 Rules and Policies ...................................................... 342 NI 24-101 Institutional Trade Matching and Settlement Notice of Ministerial Approval ...................................... 229 Rules and Policies ...................................................... 342 NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations Notice of Ministerial Approval ...................................... 229 Rules and Policies ...................................................... 299 NI 33-109 Registration Information Notice of Ministerial Approval ...................................... 229 Rules and Policies ...................................................... 312

NI 52-107 Acceptable Accounting Principles and Auditing Standards Notice of Ministerial Approval ..................................... 229 Rules and Policies ...................................................... 341 NI 81-107 Independent Review Committee for Investment Funds Notice of Ministerial Approval ..................................... 229 Rules and Policies ...................................................... 342 OSC Rule 33-506 (Commodity Futures Act) Registration Information Notice of Ministerial Approval ..................................... 229 Rules and Policies ...................................................... 344 OSC Rule 35-502 Non-Resident Advisers Notice of Ministerial Approval ..................................... 229 Rules and Policies ...................................................... 373 OSC Rule 91-501 Strip Bonds Notice of Ministerial Approval ..................................... 229 Rules and Policies ...................................................... 343 OSC Rule 91-502 Trades in Recognized Options Notice of Ministerial Approval ..................................... 229 Rules and Policies ...................................................... 343 Petaquilla Minerals Ltd. Cease Trading Order .................................................. 297 Radler, F. David Order (2006) ............................................................... 263 Reaney, Christopher Notice of Hearing – s. 8(4) .......................................... 233 Notice from the Office of the Secretary ....................... 237 Sigma Analysis and Management Ltd. Change in Registration Category ................................ 535 Smith, Adrion Notice from the Office of the Secretary ....................... 234 Notice from the Office of the Secretary ....................... 235 Order .......................................................................... 250 Order .......................................................................... 252 Settlement Agreement ................................................ 279 Taho Capital Management, Inc. New Firm .................................................................... 535 TSX – Request for Comments – Amendments to Toronto Stock Exchange Company Manual Marketplaces .............................................................. 537 Value Partners Investments Inc. Change in Registration Category ................................ 535 Webster, Joel Notice from the Office of the Secretary ....................... 234 Notice from the Office of the Secretary ....................... 235 Order .......................................................................... 250 Order .......................................................................... 252 Settlement Agreement ................................................ 279