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The Ontario Securities Commission
OSC Bulletin
December 30, 2014
Volume 37, Issue 52
(2014), 37 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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December 30, 2014 (2014), 37 OSCB
Table of Contents
Chapter 1 Notices / News Releases .................... 11427 1.1 Notices ........................................................ 11427 1.1.1 Notice of Ministerial Approval of Amendments to NI 21-101 Marketplace Operation and Companion Policy 21-101CP ....................... 11427 1.1.2 OSC Staff Notice 11-742 (Revised) – Securities Advisory Committee ................. 11428 1.1.3 Ontario Securities Commission, Investment Funds and Structured Products Branch – IFRS Release No. 3 ..................................... 11429 1.1.4 Frank Dunn et al. – Notice of Withdrawal .................................................... 11432 1.1.5 Notice of Revocation of Strip Bond Information Statement ................................. 11433 1.2 Notices of Hearing ...................................... 11434 1.2.1 Welcome Place Inc. et al. – ss. 127, 127.1 ........................................... 11434 1.3 News Releases .............................................. (nil) 1.4 Notices from the Office of the Secretary .......................................... 11441 1.4.1 Quadrexx Hedge Capital Management Ltd. et al. ....................................................... 11441 1.4.2 Powerwater Systems, Inc. et al. ................... 11441 1.4.3 Frank Dunn et al. .......................................... 11442 1.4.4 Welcome Place Inc. et al. ............................. 11442 1.4.5 Alexander Christ Doulis and Liberty Consulting Ltd. ................................. 11443 Chapter 2 Decisions, Orders and Rulings .......... 11445 2.1 Decisions .................................................... 11445 2.1.1 NexGen Financial Limited Partnership ......... 11445 2.1.2 Interglobe Financial Services Corp. and Hub Capital Inc. .................................... 11451 2.1.3 Pethealth Inc. ............................................... 11453 2.1.4 RCM Partners Inc. et al. ............................... 11455 2.1.5 Huntingdon Capital Corp. – s. 1(10)(a)(ii) ............................................. 11462 2.1.6 American Consolidated Minerals Corp. – s. 1(10)(a)(ii) .................................... 11463 2.1.7 Bell Aliant Inc. et al. – s. 1(10)(a)(ii) ............. 11464 2.1.8 Alignvest Capital Management Inc. .............. 11465 2.1.9 Cayden Resources Inc. – s. 1(10)(a)(ii) ............................................. 11473 2.2 Orders.......................................................... 11474 2.2.1 Quadrexx Hedge Capital Management Ltd. et al. – Rules 1.7.4 and 11 of the OSC Rules of Procedure .............................. 11474 2.2.2 Global Autotrading Inc. and Jimmy Talbot – s. 144(1) .............................. 11475 2.2.3 Powerwater Systems, Inc. et al. – ss. 127(1), 127(10) ........................... 11476 2.2.4 SEMAFO Inc. and Orbis Gold Limited – s. 104(2)(c) ............................................... 11478 2.2.5 Magna International Inc. – s. 104(2)(c) ......... 11481 2.2.6 Crown Life Canada Ltd. – s. 74(1) ................ 11484
2.2.7 Gildan Activewear Inc. – s. 104(2)(c) ........... 11487 2.2.8 Magna International Inc. – s. 104(2)(c) ........ 11490 2.2.9 Magna International Inc. – s. 104(2)(c) ........ 11494 2.2.10 Revocation of Strip Bond Information Statement.................................. 11498 2.2.11 Canadian Pacific Railway Limited – s. 104(2)(c) .............................................. 11499 2.2.12 Ontario Teachers’ Pension Plan Board and ISS A/S ....................................... 11503 2.2.13 Alexander Christ Doulis and Liberty Consulting Ltd. – ss. 127, 127.1 .................. 11506 2.2.14 Ontario Teachers’ Pension Plan Board and Louis XIII Holdings Limited ......... 11508 2.3 Rulings ............................................................ (nil) Chapter 3 Reasons: Decisions, Orders and Rulings ................................................ 11511 3.1 OSC Decisions, Orders and Rulings ........ 11511 3.1.1 Alexander Christ Doulis and Liberty Consulting Ltd. – ss. 127, 127.1 .................. 11511 3.2 Court Decisions, Order and Rulings ............ (nil) Chapter 4 Cease Trading Orders ........................ 11525 4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders ....................... 11525 4.2.1 Temporary, Permanent & Rescinding Management Cease Trading Orders ........... 11525 4.2.2 Outstanding Management & Insider Cease Trading Orders ................................. 11525 Chapter 5 Rules and Policies .............................. 11527 5.1.1 Amendments to NI 21-101 Marketplace Operation and Companion Policy 21-101CP ....................... 11527 Chapter 6 Request for Comments .......................... (nil) Chapter 7 Insider Reporting ................................ 11529 Chapter 8 Notice of Exempt Financings............. 11657
Reports of Trades Submitted on Forms 45-106F1 and 45-501F1 ............ 11657
Chapter 9 Legislation ............................................... (nil) Chapter 11 IPOs, New Issues and Secondary Financings ........................................... 11659 Chapter 12 Registrations ....................................... 11667 12.1.1 Registrants ................................................... 11667
Table of Contents
December 30, 2014 (2014), 37 OSCB
Chapter 13 SROs, Marketplaces, Clearing Agencies and Trade Repositories .............................. 11669
13.1 SROs............................................................... (nil) 13.2 Marketplaces .................................................. (nil) 13.3 Clearing Agencies ...................................... 11669 13.3.1 Notice of Commission Approval – Material Amendments to CDS Procedures – Methodology Enhancement to TRAX Entitlements Tracking System and Fee Increase .............. 11669 13.3.2 Notice of Commission Approval – Material Amendments to CDS Procedures – Increase to the daily subscription fee for Entitlements Messaging – MT564 Service ........................ 11670 13.4 Trade Repositories ........................................ (nil) Chapter 25 Other Information ................................ 11671 25.1 Approvals .................................................... 11671 25.1.1 RCM Partners Inc. – s. 213(3)(b) of the LTCA ........................... 11671 Index .......................................................................... 11673
December 30, 2014
(2014), 37 OSCB 11427
Chapter 1
Notices / News Releases 1.1 Notices 1.1.1 Notice of Ministerial Approval of Amendments to NI 21-101 Marketplace Operation and Companion Policy
21-101CP
NOTICE OF MINISTERIAL APPROVAL OF AMENDMENTS TO NATIONAL INSTRUMENT 21-101 MARKETPLACE OPERATION
AND COMPANION POLICY 21-101CP On December 15, 2014, the Minister of Finance approved amendments (Amendments) to National Instrument 21-101 Marketplace Operation and Companion Policy 21-101CP. The Amendments are reproduced in Chapter 5 of this Bulletin and at www.osc.gov.on.ca. The key objective of these amendments is to extend the existing exemption from transparency requirements for government debt securities from January 1, 2015 to January 1, 2018. The Amendments were published in the Ontario Securities Commission Bulletin on October 23, 2014 at (2014), 37 OSCB 9579. No changes have been made to the rule since this publication. The Amendments will come into force on December 31, 2014.
Notices / News Releases
December 30, 2014
(2014), 37 OSCB 11428
1.1.2 OSC Staff Notice 11-742 (Revised) – Securities Advisory Committee
REVISED ONTARIO SECURITIES COMMISSION STAFF NOTICE 11-742
SECURITIES ADVISORY COMMITTEE In a Notice published in the OSC Bulletin on October 23, 2014, the Commission invited applications for positions on the Securities Advisory Committee (“SAC”). SAC provides advice to the Commission and staff on a variety of matters including legislative and policy initiatives and important capital markets trends and brings various issues to the attention of the Commission and staff. The Commission was very impressed with the number of highly qualified practitioners who applied for positions on SAC. Unfortunately, there were far more applicants than there were positions available and selection from among the group was very difficult. The Commission would like to thank everyone who applied, for their interest in serving on SAC. The Commission is pleased to publish the names of the four new members who will be participating on SAC for the next three years. – Blair Cowper–Smith OMERS Administration Corporation – Sheldon Freeman Goodmans LLP – Mindy Gilbert Davies Ward Phillips & Vineberg LLP – Kathleen Ritchie Gowling Lafleur Henderson LLP The members of SAC have staggered terms. The continuing members of SAC are: – Julie Shin Toronto Stock Exchange – Judy Cotte RBC Global Asset Management – Diana Wisner Bank of Montreal – Ian Michael McCarthy Tétrault LLP – Douglas Bryce Osler Hoskin & Harcourt LLP – Carol Derk Borden Ladner Gervais LLP – Shahen Mirakian McMillan LLP – Sean Vanderpol Stikeman Elliott LLP The Commission would like to take this opportunity to thank the four members of SAC, listed below, who completed their term in December 2014, having served on the Committee with great dedication over the last three years. Their advice and guidance on a range of issues has been very valuable to the Commission. – Brad Brasser Jones Day, USA – Jeff Davis Ontario Teachers’ Pension Plan – Christopher Hewat Blake, Cassels & Graydon LLP – Leslie McCallum Torys LLP The Commission will publish a notice in Fall 2015 inviting applications for the next group of new SAC members, who will commence their terms in January 2016. Reference: Krista Martin Gorelle Acting General Counsel Tel: (416) 593–3689 [email protected] December 30, 2014
Notices / News Releases
December 30, 2014
(2014), 37 OSCB 11429
1.1.3 Ontario Securities Commission, Investment Funds and Structured Products Branch – IFRS Release No. 3
ONTARIO SECURITIES COMMISSION, INVESTMENT FUNDS AND STRUCTURED PRODUCTS BRANCH – IFRS RELEASE NO. 3
OUTCOMES FROM THE REVIEW OF FIRST IFRS INTERIM FINANCIAL REPORTS
Staff of the Investment Funds and Structured Products Branch of the Ontario Securities Commission (OSC) has completed the review of the first IFRS interim financial reports required to be filed for the period ended June 30, 2014. This communication is to inform investment fund issuers and their advisers of the resolution of the issues identified in IFRS Releases No. 1 and 2, issued on September 30, 2014 and November 26, 2014, respectively. For those investment funds that have yet to file their first IFRS interim financial reports and related management reports of fund performance (MRFPs), we encourage the fund, its manager and advisers to review this release to inform their first IFRS filings. Opening IFRS Statement of Financial Position In our review of the first IFRS interim financial reports, we noted that approximately half of the fund managers with investment funds that started in 2013 failed to include an opening IFRS statement of financial position at the date of transition to IFRS (the Opening Statement) on the face of the financial statements. Background The Opening Statement is required by IFRS 1 First-time Adoption of International Financial Reporting Standards (IFRS 1) and is also mandated in securities law under subsection 18.5.1(1) of National Instrument 81-106 Investment Funds Continuous Disclosure (NI 81-106). Companion Policy 81-106CP Investment Fund Continuous Disclosure (the Companion Policy) explains that, in staff’s view, the continuous disclosure requirements set out in NI 81-106 are minimum requirements that investment funds must include to provide full disclosure in their financial statements, in addition to the requirements in IFRS. Regardless of whether the requirement in IFRS 1 is triggered based on a materiality threshold under IFRS, securities law has made it an express requirement to provide an Opening Statement in the interim financial report under subsection 18.5.1(1) of NI 81-106. The Opening Statement represents the starting point of an entity's accounting in accordance with IFRS and, as we stated in October 20091, we believe that investors need this information to understand how the transition from Part V of the CPA Canada Handbook (pre-changeover Canadian GAAP) to IFRS affects the investment fund’s reported financial position, even if to show that the transition has had no effect. New funds in 2013 All new funds that started in 2013 (the 2013 Funds) prepared annual financial statements at their first year-end in accordance with pre-changeover Canadian GAAP. Accordingly, all 2013 Funds are required to present an Opening Statement at the date of transition to IFRS which, given that these funds are new, is typically the fund’s inception date2 rather than January 1, 2013. Depending on what the fund manager determines the inception date of the fund to be, the fund may have net assets equal to zero, the seed capital, or some other amount which will be reflected on the Opening Statement. We expect the date of transition chosen by the fund to be clear in the financial statements and that fund managers are able to substantiate the transition date selected. In all cases, once a transition date has been selected, it should be applied consistently by investment funds when preparing their financial statements. While not an exhaustive list, some examples include: (i) the net assets on the Opening Statement should be the same as the net asset balance on the statement of changes in net assets for the beginning of the comparative period; (ii) the transition date associated with the Opening Statement should be the same as the fund’s inception date generally disclosed in Note 1 to the financial statements; and (iii) the same transition date should be used in both the interim financial report and the annual financial statements.
1 In Appendix A, Summary of Proposed Amendments to the Notice and Request for Comments, dated October 16, 2009, which published
the IFRS amendments to NI 81-106 and related amendments for comment. 2 Preparers of the financial statements should note that the fund’s inception date for purposes of the financial statements may differ from the
dates used in the Fund Facts and in calculating past performance for the MRFP.
Notices / News Releases
December 30, 2014
(2014), 37 OSCB 11430
Annual financial statements For the 2013 Funds that did not include an Opening Statement, staff did not request that the funds refile their interim financial reports. This was done on the understanding that these funds would comply with IFRS 1 and subsection 18.5.1(2) of NI 81-106 in their annual financial statements for the period ended December 31, 2014 by including three statements of financial position: one for each of the current financial year and the comparative period, and the third being the Opening Statement. The Opening Statement is required to be presented on the face of the financial statements. If an investment fund determines that the Opening Statement would show zero balances, the fund may replace the Opening Statement with a footnote on the face of the statement of financial position, disclosing the date of transition to IFRS and explaining that the fund had no or minimal net assets on the date of transition. For some 2013 Funds that have already filed their first IFRS interim financial reports, the guidance in this release may cause a fund to reconsider its inception date, and result in balances in its first IFRS annual financial statements that will be different from amounts in previously filed interim financial reports or in a set of annual financial statements prepared in accordance with pre-changeover Canadian GAAP. In such cases, staff expects an explanation of the differences to be included in the notes to the financial statements. IFRS 1 Reconciliations Further to the discussion in IFRS Release No. 1, for investment funds that did not include all of the reconciliation disclosures in their interim financial reports, staff did not request that the financial statements be refiled on the understanding that the equity and comprehensive income reconciliations required by paragraph 24 of IFRS 1 would be included in the first IFRS annual financial statements. MRFP Disclosure Further to the discussion in IFRS Release No. 1, for investment funds that did not include a footnote to the Financial Highlights table in the interim MRFP explaining the accounting principles applicable to each period in the table, we did not request that the interim MRFP be restated if the discussion had been included in the management discussion of fund performance (MDFP) section. We asked that the information appear as a footnote to the table in future MRFPs, since the discussion in the MDFP may not be carried forward in subsequent years. Staff did request the restatement and refiling of the interim MRFP, accompanied by a press release explaining the information being refiled, in cases where there was no discussion of the transition to IFRS at all in the MRFP. Such funds were placed on the Refilings and Errors List on the OSC website. This public list includes issuers that have restated and refiled continuous disclosure documents after a staff review, or for which errors were noted during the review. For more information, please refer to OSC Staff Notice 51-711 List of Refilings and Corrections of Errors as a Result of Regulatory Reviews (OSC Staff Notice 51-711). Auditor Involvement with Interim Financial Reports Further to the discussion in IFRS Release No. 2, in cases when an investment fund did not engage an auditor to review its interim financial report, staff requested a refiling and press release if a notice did not accompany the interim financial report to explain that a review had not been performed. These funds were placed on the Refilings and Errors List. If a review was performed subsequent to the filing of an interim financial report that did not include a notice in the absence of a review, staff also requested that a press release be issued although no refiling of the interim financial report was required. The purpose of the press release was to explain that an error had occurred at the time of the filing, but that a review of the interim financial report had since been completed and resulted in no changes. These funds were placed on the Refilings and Errors List to acknowledge that an error had occurred. Regulatory Consequences and Remedies It is the responsibility of every investment fund issuer to meet its continuous disclosure reporting obligations. We remind investment fund managers that an investment fund that has filed financial statements or MRFPs that do not comply with securities legislation or IFRS, could be placed on the list of defaulting reporting issuers maintained on the OSC website until the default is remedied. A content deficiency in any such documents could also lead to the reporting issuer being placed on the default list. For more information, please refer to OSC Policy 51-601 Reporting Issuer Defaults and OSC Staff Notice 51-711. Next Steps IFRS Release No. 4 will be issued early in 2015 and will take the form of a “tip sheet” to assist investment fund issuers in checking for some of the key elements in a set of first IFRS annual financial statements.
Notices / News Releases
December 30, 2014
(2014), 37 OSCB 11431
Questions Questions may be referred to the following staff members of the Investment Funds and Structured Products Branch: Stacey Barker Ritu Kalra Senior Accountant Senior Accountant 416-593-2391 416-593-8063 [email protected] [email protected] Sovener Yu Accountant 416-593-2395 [email protected] December 19, 2014
Notices / News Releases
December 30, 2014
(2014), 37 OSCB 11432
1.1.4 Frank Dunn et al. – Notice of Withdrawal
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF FRANK DUNN, DOUGLAS BEATTY AND MICHAEL GOLLOGLY
NOTICE OF WITHDRAWAL
WHEREAS on March 12, 2007, 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, to consider whether it is in the public interest to make certain orders against Frank Dunn, Douglas Beatty and Michael Gollogly (collectively, the “Respondents”) by reason of the allegations set out in the Statement of Allegations filed by Staff of the Commission (“Staff”) dated March 12, 2007; AND WHEREAS the Notice of Hearing gave notice to the Respondents that a hearing would be held on a date and at a time to be scheduled; AND WHEREAS this matter was not brought back for a hearing; TAKE NOTICE that Staff withdraw the Statement of Allegations against the Respondents. December 19, 2014 Staff of the Ontario Securities Commission 20 Queen Street West, 22nd Floor Toronto, ON M5H 3S8
Notices / News Releases
December 30, 2014
(2014), 37 OSCB 11433
1.1.5 Notice of Revocation of Strip Bond Information Statement
NOTICE OF REVOCATION OF STRIP BOND INFORMATION STATEMENT On July 28, 2003, the Director accepted an information statement dated June 2003 (the 2003 Information Statement) under section 4.2 of Ontario Securities Commission Rule 91-501 – Strip Bonds (the Strip Bond Rule). The 2003 Information Statement was submitted by the Investment Dealers Association, the predecessor of the Investment Industry Regulatory Organization of Canada (IIROC). On June 4, 2014, the Director accepted a revised form of strip bond information statement (the 2014 Information Statement) submitted by IIROC pursuant to section 4.2 of the Strip Bond Rule. The Director's acceptance is evidenced in a decision document dated June 4, 2014. IIROC has asked IIROC-regulated investment dealers to begin using the 2014 Information Statement no later than January 2, 2015. Further information regarding the use of the Information Statement by IIROC-regulated investment dealers and market participants that are not regulated by IIROC can be found in IIROC Notice 14-0158 dated June 26, 2014, available on the IIROC website at www.iiroc.ca. As the 2003 Information Statement no longer complies with paragraph 4.1(f) of the Strip Bond Rule, the Director has revoked the acceptance of the 2003 Information Statement pursuant to section 4.3 of the Strip Bond Rule. The revocation will take effect on January 2, 2015. The revocation is published in Chapter 2 of the Bulletin. Contact: Winnie Sanjoto Senior Legal Counsel Corporate Finance 416-593-8119 [email protected]
Notices / News Releases
December 30, 2014
(2014), 37 OSCB 11434
1.2 Notices of Hearing 1.2.1 Welcome Place Inc. et al. – ss. 127, 127.1
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF WELCOME PLACE INC., DANIEL MAXSOOD also known as MUHAMMAD M. KHAN, TAO ZHANG, and TALAT ASHRAF
NOTICE OF HEARING
(Sections 127 and 127.1 of the Securities Act) TAKE NOTICE that the Ontario Securities Commission (the “Commission”) will hold a hearing pursuant to sections 127 and 127.1 of the Ontario Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”), at the offices of the Commission located at 20 Queen Street West, 17th Floor, commencing on February 2, 2015 at 2:00 p.m. or as soon thereafter as the hearing can be held; AND TAKE NOTICE that the purpose of the hearing is for the Commission to consider whether, in the Commission’s opinion, it is in the public interest for the Commission to make the following orders against Welcome Place Inc. (“Welcome Place”), Daniel Maxsood also known as Muhammad M. Khan (“Maxsood”), Tao Zhang (“Zhang”), and Talat Ashraf (“Ashraf”) (collectively the “Respondents”):
a. that trading in any securities or derivatives by the Respondents cease permanently or for such period as is specified by the Commission, pursuant to paragraph 2 of subsection 127(1) of the Act;
b. that trading in any securities of the Respondents cease permanently or for such period as is specified by the
Commission, pursuant to paragraph 2 of subsection 127(1) of the Act; c. that the acquisition of any securities by the Respondents is prohibited permanently or for such period as is
specified by the Commission, pursuant to paragraph 2.1 of subsection 127(1) of the Act; d. that any exemptions contained in Ontario securities law do not apply to the Respondents permanently or for
such period as is specified by the Commission, pursuant to paragraph 3 of subsection 127(1) of the Act; e. that the Respondents be reprimanded, pursuant to paragraph 6 of subsection 127(1) of the Act; f. that Maxsood, Zhang, and Ashraf resign one or more positions that he or she holds as a director or officer of
any issuer, registrant, or investment fund manager, pursuant to paragraphs 7, 8.1 and 8.3 of subsection 127(1) of the Act;
g. that Maxsood, Zhang, and Ashraf be prohibited from becoming or acting as a director or officer of any issuer,
registrant, or investment fund manager, permanently or for such period as is specified by the Commission, pursuant to paragraphs 8, 8.2 and 8.4 of subsection 127(1) of the Act;
h. that the Respondents be prohibited from becoming or acting as a registrant, as an investment fund manager,
or as a promoter, permanently or for such period as is specified by the Commission, pursuant to paragraph 8.5 of subsection 127(1) of the Act;
i. that each Respondents pay an administrative penalty of not more than $1 million for each failure by the
respective Respondent to comply with Ontario securities law, pursuant to paragraph 9 of subsection 127(1) of the Act;
j. that each Respondent disgorge to the Commission any amounts obtained as a result of non-compliance by
that Respondent with Ontario securities law, pursuant to paragraph 10 of subsection 127(1) of the Act; k. that the Respondents be ordered to pay the costs of the Commission investigation and the hearing, pursuant
to section 127.1 of the Act; and
Notices / News Releases
December 30, 2014
(2014), 37 OSCB 11435
l. such other order as the Commission considers appropriate in the public interest. BY REASON OF the allegations set out in the Statement of Allegations of Staff of the Commission, dated December 18, 2014 and such further allegations as counsel may advise and the Commission may permit; 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 stated above, 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 18th day of December, 2014. “Josée Turcotte” Secretary to the Commission
Notices / News Releases
December 30, 2014
(2014), 37 OSCB 11436
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF WELCOME PLACE INC., DANIEL MAXSOOD also known as MUHAMMAD M. KHAN, TAO ZHANG, and TALAT ASHRAF
STATEMENT OF ALLEGATIONS OF
STAFF OF THE ONTARIO SECURITIES COMMISSION Staff of the Ontario Securities Commission (“Staff”) make the following allegations: A. OVERVIEW 1. This proceeding involves the unregistered trading and illegal distribution of securities by the Respondents Welcome Place Inc. (“Welcome Place”), Daniel Maxsood also known as Muhammad M. Khan (“Maxsood”), Tao Zhang (“Zhang”), and Talat Ashraf (“Ashraf”) (collectively, the “Respondents”) between March 1, 2008 and May 15, 2013 (the “Material Time”). The Respondents breached sections 25 and 53 of the Ontario Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) by raising approximately $5,250,000 through investment contracts, including promissory notes, from approximately 90 investors, who were solicited to participate in an investment scheme created and carried out by Maxsood and Welcome Place. 2. Furthermore, Maxsood and Welcome Place engaged in fraudulent conduct in breach of section 126.1(b) of the Act by misleading investors as to the use of investor funds, by using investor funds to repay investor capital to other investors and by using investor funds for personal expenditures, which uses were not disclosed to investors. 3. In addition, contrary to subsection 44(2) of the Act, Maxsood and Welcome Place made false, inaccurate or misleading statements and failed to disclose important facts to investors and potential investors with respect to securities. 4. The Respondents have acted in a manner contrary to Ontario securities law and contrary to the public interest. B. THE RESPONDENTS 5. During the Material Time, Welcome Place was a federal company, incorporated on March 3, 2008, with its registered office address in Mississauga, Ontario. Welcome Place has never been registered with the Ontario Securities Commission (the “Commission”) in any capacity. Welcome Place is not a reporting issuer in Ontario. Welcome Place has never filed a prospectus or preliminary prospectus with the Commission. 6. Maxsood is a resident of Oakville, Ontario. Maxsood legally changed his name from Muhammad M. Khan in 2010. He is the founding director of Welcome Place, and its directing mind. He has never been registered with the Commission in any capacity. 7. Zhang is a resident of Oakville, Ontario, and she is the spouse of Maxsood. In June 2012, Welcome Place claimed in an employment letter provided to a financial institution that since January 2011, Zhang was a permanent full-time employee of Welcome Place in the role of Investment Advisor. Zhang has never been registered with the Commission in any capacity. 8. Ashraf is a resident of Mississauga, Ontario. He has worked for Welcome Place since 2011, and is the marketing manager. He has never been registered with the Commission in any capacity. C. THE RESPONDENTS’ MISCONDUCT (i) The Solicitation of Investors through the Trading School 9. Welcome Place operates a trading school located in Mississauga, Ontario. During the Material Time, through radio and newspaper advertisements (mostly on South Asian community stations and papers, and often in Hindi), as well as through the Welcome Place website, Maxsood and Welcome Place offered to teach the public how to trade commodity futures contracts including foreign exchange and indices. In its advertisements, Welcome Place guaranteed a daily return of $200 to $300 if students followed the day trading methods taught by Welcome Place and used its trading software. Similarly, Welcome Place’s website represented that investors can “make 24% to 36% Guaranteed”.
Notices / News Releases
December 30, 2014
(2014), 37 OSCB 11437
10. Students were first invited to attend a free seminar presented by Maxsood, who purported to provide information and advice regarding day trading strategies in both English and Hindi. Thereafter, seminar attendees were solicited by Maxsood and Ashraf to sign up for paid trading workshops, for which they were generally charged tuition of approximately $5,000. During the Material Time, approximately 230 students paid approximately $730,000 in tuition fees. 11. At these seminars and trading workshops, Maxsood held out Welcome Place’s “systematic approach” as providing all the tools necessary to become a successful trader. Maxsood instructed and invited students to follow and copy his trading methodology. Maxsood and Welcome Place purported “to show how the theory can be profitably executed from our personal trading experience”. Some students traded in person at the trading school and sought ongoing instruction from Maxsood while doing so. 12. After gaining the students’ trust, Maxsood and Ashraf used these seminars and trading workshops to meet potential investors and to promote investment in other business opportunities being pursued by Maxsood. During and after seminars and trading workshops, certain students who participated in, or expressed interest in, Welcome Place’s trading workshops were subsequently solicited by Maxsood and/or Ashraf to lend money to Maxsood and/or Welcome Place. In these circumstances, the trading school activities were acts in furtherance of trading, and as particularized below, were part of a fraudulent course of conduct relating to securities. This conduct was also contrary to the public interest. (ii) Particulars of Unregistered Trading and Illegal Distribution 13. Maxsood, Ashraf and Welcome Place engaged in the solicitation of investors, which included meeting with potential investors in person and on the telephone, discussing the nature of the investment on offer, and making representations regarding guarantees and the purported profits to be earned by entering into the investment. 14. Most of the investors were initially students at Welcome Place. In some instances, however, seminar attendees simply proceeded to make an investment with Maxsood and Welcome Place and did not register for the trading workshop course. 15. Maxsood, Ashraf and Welcome Place represented to investors that they would receive monthly payments of 2% to 3% of their investment, and after receiving back their investment, investors would be entitled to share in the profits arising from Maxsood’s and/or Welcome Place’s business ventures. Most investors were told that Maxsood was establishing, and then later, operating an import/export business, and that investors would be entitled to share in the profits of that business. However, some investors understood that Maxsood would be applying their loan monies to trade futures utilizing Welcome Place’s trading methods and software, which would generate the investment returns for these investors. 16. Investor monies were received by both Maxsood and Ashraf, on behalf of Maxsood and/or Welcome Place, on the basis of the various representations made to investors by Maxsood, Ashraf and Welcome Place. In return for the investment, in many instances promissory notes were drafted, executed and issued to the investors. The promissory notes were issued by Welcome Place and executed by Maxsood. During the Material Time, at least 28 promissory notes were issued to at least 26 investors totalling approximately $1,365,000 (the “Promissory Notes”). 17. The Promissory Notes were similar to one another and typically included a provision stating that the principal is to be returned at the end of the term or within 30 days of written notice given by the investor to the investment company. Each Promissory Note evidenced indebtedness and/or was an “investment contract” and therefore a “security” as defined in subsection 1(1) of the Act. 18. In other instances, formal Promissory Notes were not executed, but investors provided monies to Maxsood and Ashraf on the understanding that the monies were payable for an investment, sometimes including such a notation directly on cheques. The investments being offered by Maxsood, Ashraf and/or Welcome Place were “investment contracts” and therefore securities under the Act. 19. Through representations by Maxsood, Welcome Place and Ashraf, investors in the investment contracts, including the Promissory Notes, were promised that:
(a) investors would receive monthly payments of between 2-3% of the principal per month, and the loans would repaid in approximately 3-4 years; and
(b) after the principal was returned, investors would be entitled to share in the profits of Maxsood’s business
ventures in perpetuity. 20. Maxsood prepared and signed the Promissory Notes and deposited investor funds to several bank accounts in his name and in the name of Welcome Place. In addition to the monies received for which Promissory Notes were issued, accounts in Maxsood’s name and in the name of Welcome Place received at least an additional $3,885,000 from approximately 64 other
Notices / News Releases
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(2014), 37 OSCB 11438
investors as investment monies. In total, approximately $5,250,000 was received from approximately 90 investors. The monies received from investors were commingled with tuition fees. 21. Maxsood also directed investor funds to be paid or transferred to the Canadian bank accounts of his spouse. Zhang consequently received a significant amount of funds both from investors directly and from the accounts of Welcome Place and Maxsood as follows:
(a) $21,000 directly from people who have been identified as investors; (b) $19,589 transferred from Welcome Place; and (c) $984,006.43 transferred from Maxsood’s accounts, which was comprised primarily of funds deposited to
Maxsood’s accounts as loans from investors and fees for trading workshops. The receipts of funds by Zhang were acts in furtherance of unregistered trading. 22. Additionally, during the Material Time, Ashraf received funds totalling approximately $262,000 from various accounts controlled by Maxsood as commission and interest free loans. Further, as compensation for the solicitation of investors, Ashraf became entitled to share in the profits of, and receive other benefits from, Maxsood’s business ventures. 23. By engaging in the conduct described above, the Respondents traded and engaged in, or held themselves out as engaging in, the business of trading in securities, namely investment contracts, without being registered with the Commission to trade in such securities during the Material Time. The Respondents participated in acts, advertisements, solicitations, conduct, or negotiations directly or indirectly in furtherance of the sale or disposition of securities for valuable consideration, in circumstances where there were no exemptions available to them under the Act, contrary to section 25 of the Act. 24. The dealing in Promissory Notes and investment contracts were trades in securities not previously issued and were therefore distributions. The Respondents have never filed a preliminary prospectus or a prospectus with the Commission, and no prospectus receipt has ever been issued to qualify the sale of the Promissory Notes or other investment contracts. 25. Many of the investors did not qualify as accredited investors or meet applicable exemptions from registration and prospectus requirements, nor were inquiries generally made by the Respondents’ about investors’ financial situation. In some instances, the investors borrowed funds to make the investments, including mortgaging their homes. (iii) Particulars of Fraudulent Conduct and Prohibited Representations 26. Maxsood and Welcome Place engaged in a course of conduct related to securities, commencing with the solicitation of investors through the trading school, which they knew, or ought to have reasonably known, perpetrated a fraud on investors contrary to paragraph 126.1(b) of the Act. 27. While soliciting students and allegedly teaching trading strategies, Maxsood and Welcome Place made statements that they knew or reasonably ought to have known were misleading or untrue. In particular, Maxsood and Welcome Place made the following misleading representations to their students, through advertisements, presentations and/or on the Welcome Place web site:
(a) Through on-air paid advertisements in the form of interviews and in other presentations, Maxsood purported to have developed a successful trading program, notwithstanding that Maxsood has no formal securities training and has never been registered with the Commission;
(b) Welcome Place guaranteed that its students will consistently make $200 to $300 per day as long as they
followed Welcome Place’s strategies, and invited students to “Invest with us and make 24% to 36% yearly guaranteed”, notwithstanding the fact that students did not consistently make such returns but instead many sustained losses; and
(c) Welcome Place claimed that it had “removed all the risk”.
28. Maxsood and Welcome Place further committed a fraud by using investor funds for purposes other than the investment purposes that were communicated to investors. In addition, Maxsood and Welcome Place perpetrated a fraud on investors by making misleading or untrue statements to investors, including as follows:
(a) that they would receive monthly payments of their principal in the range of 2-3% and repayment of principal within approximately 3-4 years;
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(2014), 37 OSCB 11439
(b) by creating the impression and/or making representations that investor funds would be used for business purposes and not disclosing that funds would be used for personal benefit and to make principal repayments to other investors; and
(c) that monthly payments received by investors would be from Maxsood or his business ventures, when in fact,
Maxsood and Welcome Place had no source of funds other than what was obtained through new investors and tuition for the trading workshops.
29. Contrary to the representations made to investors, investors’ money was used for two primary purposes: payments to other persons who were also investors in the scheme or for Maxsood’s personal lifestyle expenses. 30. In particular, during the Material Time, Maxsood directed at least $1,850,000, of the funds received from investors to be used to make capital repayments to other investors. However, the majority of investors continue to have principal amounts outstanding. 31. Further, Maxsood directed investor funds to be used for the personal benefit of himself and his family members as follows:
(a) in addition to the approximately $1,000,000 transferred to Zhang’s Canadian bank accounts referenced in paragraph 21 above, a further $44,000 was transferred to a bank account held by Zhang in China;
(b) approximately $573,000 was transferred offshore to Thailand and China and paid to family members and/or
related parties of Maxsood and/or Zhang; (c) approximately $382,000 was used to make payments to mortgages on properties owned by Maxsood and/or
Zhang located in Ontario; (d) approximately $262,000 was used to pay the bills of credit cards in the names of Maxsood, Zhang and
Welcome Place; (e) approximately $1,141,000 was transferred to a company called Oseka Co. Ltd. (“Oseka”), incorporated in
August 2012 in Bangkok, Thailand, which appears to be an import/export business of which Maxsood is a director and a shareholder; and
(f) prior to Oseka even being incorporated, approximately $21,000 was sent to another director of Oseka.
32. Welcome Place had no source of funds other than what it obtained through new investors and tuition for the trading workshop courses. Further, contrary to the representations of Maxsood and Ashraf to investors, only a small portion of the monies raised from investors was used in relation to Maxsood’s import/export business. Oseka did not make any payments to either Maxsood or Welcome Place. As tuition fees and revenues from Welcome Place were insufficient, Maxsood and Welcome Place had no way of repaying the Promissory Note holders and other investors without seeking out additional investors. 33. The representations made to investors were misleading and fraudulent and provided to investors a picture that was not accurate or true. 34. Further, in making these representations or omissions, Maxsood and Welcome Place made statements about matters that a reasonable investor would consider relevant in deciding whether to enter into or maintain a trading relationship with Maxsood and Welcome Place and the statements were untrue or omitted information necessary to prevent the statements from being false or misleading in the circumstances in which they were made, contrary to subsection 44(2) of the Act. D. BREACHES OF ONTARIO SECURITIES LAW AND CONDUCT CONTRARY TO THE PUBLIC INTEREST 35. The specific allegations advanced by Staff are:
(a) During the Material Time, all of the Respondents traded and engaged in, or held themselves 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 paragraph 25(1)(a) of the Act as that section existed at the time the conduct commenced in 2008, and after September 28, 2009, contrary to subsection 25(1) of the Act;
(b) During the Material Time, all of the Respondents distributed securities when a preliminary prospectus and a
prospectus had not been filed and receipts had not been issued for them by the Director, contrary to subsection 53(1) of the Act;
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(c) During the Material Time, Maxsood and Welcome Place engaged or participated in acts, practices, or courses of conduct relating to securities that they knew perpetrated a fraud on persons or companies contrary to paragraph 126.1(b) of the Act;
(d) During the Material Time, Maxsood and Welcome Place made statements about matters that a reasonable
investor would consider relevant in deciding whether to enter into or maintain a trading relationship with Maxsood and Welcome Place and the statements were untrue or omitted information necessary to prevent the statements from being false or misleading in the circumstances in which they were made, contrary to subsection 44(2) of the Act;
(e) During the Material Time, Maxsood, being an officer and director of Welcome Place, authorized, permitted or
acquiesced in Welcome Place’s non-compliance with Ontario securities law and accordingly failed to comply with Ontario securities law, contrary to section 129.2 of the Act; and
(f) The Respondents’ conduct was contrary to the public interest and harmful to the integrity of the capital
markets in Ontario. 36. Staff reserve the right to amend these allegations and to make such further and other allegations as Staff may advise and the Commission may permit. DATED at Toronto, this 18th day of December, 2014.
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(2014), 37 OSCB 11441
1.4 Notices from the Office of the Secretary 1.4.1 Quadrexx Hedge Capital Management Ltd. et
al.
FOR IMMEDIATE RELEASE December 17, 2014
IN THE MATTER OF
THE SECURITIES ACT, R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF
QUADREXX HEDGE CAPITAL MANAGEMENT LTD., QUADREXX SECURED ASSETS INC., MIKLOS NAGY and TONY SANFELICE
TORONTO – The Commission issued an Order in the above named matter which provides that the Withdrawal Motion be heard in writing; and that Sean Zaboroski is granted leave to withdraw as representative for the respondents Quadrexx Hedge Capital Management Ltd., Quadrexx Secured Assets Inc. and Miklos Nagy. A copy of the Order dated December 16, 2014 is available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY JOSÉE TURCOTTE SECRETARY For media inquiries: [email protected] For investor inquiries: OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)
1.4.2 Powerwater Systems, Inc. et al.
FOR IMMEDIATE RELEASE December 18, 2014
IN THE MATTER OF
THE SECURITIES ACT, R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF
POWERWATER SYSTEMS, INC., DUNCAN CLEWORTH and POWERWATER USA LTD.
TORONTO – The Commission issued an Order in the above named matter which provides that:
(a) pursuant to Rule 11.5 of the Commission’s Rules of Procedure, this matter shall continue as an oral hearing;
(b) any additional affidavit evidence from the
Respondents shall be served and filed no later than January 23, 2015;
(c) any additional affidavit evidence from
Staff shall be served and filed no later than February 4, 2015;
(d) an oral hearing in this matter shall be
held on February 9, 2015; (e) at the hearing, the Respondents and
Staff shall have the right to cross-examine any affiant(s) and make oral submissions; and
(f) following the hearing, the Respondents
and Staff shall have the right to serve and file written closing submissions.
A copy of the Order dated December 11, 2014 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)
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December 30, 2014
(2014), 37 OSCB 11442
1.4.3 Frank Dunn et al.
FOR IMMEDIATE RELEASE December 19, 2014
IN THE MATTER OF
THE SECURITIES ACT, R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF
FRANK DUNN, DOUGLAS BEATTY AND MICHAEL GOLLOGLY
TORONTO – Staff of the Ontario Securities Commission filed a Notice of Withdrawal against the Respondents as of December 19, 2014 in the above noted matter. In January, 2013, Justice Marrocco of the Superior Court of Justice acquitted the Respondents of criminal charges brought against them respecting earnings disclosures which were the subject of the Commission Staff proceeding. A copy of the Notice of Withdrawal dated December 19, 2014 is available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY JOSÉE TURCOTTE SECRETARY For media inquiries: [email protected] For investor inquiries: OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)
1.4.4 Welcome Place Inc. et al.
FOR IMMEDIATE RELEASE December 19, 2014
IN THE MATTER OF
THE SECURITIES ACT, R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF
WELCOME PLACE INC., DANIEL MAXSOOD also known as MUHAMMAD M. KHAN,
TAO ZHANG, and TALAT ASHRAF TORONTO – The Office of the Secretary issued a Notice of Hearing setting the matter down to be heard on February 2, 2015 at 2:00 p.m. 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 December 18, 2014 and Statement of Allegations of Staff of the Ontario Securities Commission dated December 18, 2014 are available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY JOSÉE TURCOTTE SECRETARY For media inquiries: [email protected] For investor inquiries: OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)
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December 30, 2014
(2014), 37 OSCB 11443
1.4.5 Alexander Christ Doulis and Liberty Consulting Ltd.
FOR IMMEDIATE RELEASE
December 22, 2014
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF ALEXANDER CHRIST DOULIS
(aka ALEXANDER CHRISTOS DOULIS, aka ALEXANDROS CHRISTODOULIDIS)
and LIBERTY CONSULTING LTD. TORONTO – The Commission issued its Reasons and Decision on Sanctions and Costs and an Order in the above noted matter. A copy of the Reasons and Decision on Sanctions and Costs and the Order dated December 22, 2014 are available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY JOSÉE TURCOTTE SECRETARY For media inquiries: [email protected] For investor inquiries: OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)
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(2014), 37 OSCB 11444
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Chapter 2
Decisions, Orders and Rulings 2.1 Decisions 2.1.1 NexGen Financial Limited Partnership Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – approval for indirect change of control of manager resulting from the acquisition of its parent holding company by Natixis Global Asset Management LP and abridgment of securityholder notice period to 33 days – acquirer has requisite experience and integrity to participate in Canadian capital markets – transaction will not result in any material changes to operations and management of the manager or the funds it manages. Applicable Legislative Provisions National Instrument 81-102 Investment Funds, ss. 5.5(1)(a.1), 5.7(1)(a), 5.8(1), 19.1.
December 12, 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 NEXGEN FINANCIAL LIMITED PARTNERSHIP
(the Filer)
DECISION Background The principal regulator in the Jurisdiction has received an application from the Filer for a decision under the securities legislation of the Jurisdiction of the principal regulator (the Legislation) for approval with respect to a proposed change of control of the Filer pursuant to section 5.5(1)(a.1) of National Instrument 81-102 – Investment Funds (NI 81-102) (the Approval Sought) and an abridgement to no less than 33 days of the time period prescribed by section 5.8(1)(a) of NI 81-102 for delivering notice to the securityholders of the Funds (as defined below) of the change of control of the Filer resulting from the Proposed Transaction (as defined below) (the Abridgement Relief). 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(2) of Multilateral Instrument 11-102 Passport System (MI 11-102)
is intended to be relied upon in each of British Columbia, Alberta, Quebec, Newfoundland and Labrador and Northwest Territories with respect to the relief sought (together with the Jurisdiction, the Jurisdictions).
Interpretation Terms defined in National Instrument 14-101 Definitions and MI 11-102 have the same meaning if used in this decision, unless otherwise defined.
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December 30, 2014
(2014), 37 OSCB 11446
Representations The decision is based on the following facts represented by the Filer: NexGen Financial Limited Partnership 1. The Filer is a limited partnership established under the laws of the Province of Ontario. The general partner of the Filer
is NexGen Limited, a corporation incorporated under the laws of the Province of Ontario. The Filer’s head office is located in Toronto, Ontario.
2. The Filer is registered as an investment fund manager in Ontario, Québec and Newfoundland and Labrador, as a
portfolio manager and mutual fund dealer in Ontario and has provided notice of its intention to surrender its registration as a commodity trading manager in Ontario.
3. The Filer is not in default of securities legislation in any of the Jurisdictions. 4. The Filer is a wholly-owned subsidiary of NexGen Financial Corporation (NexGen Holdco). NexGen Holdco 5. NexGen Holdco is a Toronto-based holding company incorporated under the laws of the Province of Ontario and
publicly listed on TSX Venture Exchange (NFX:TSX.V). 6. NexGen Holdco conducts its business through the Filer, which has more than CA$919 million in assets under
management as at September 30, 2014. 7. NexGen Holdco is a reporting issuer in each of Ontario, British Columbia and Alberta and is not in default of securities
legislation in any of these Jurisdictions. NexGen Funds 8. The Filer is the manager of the open-ended public retail mutual funds listed in Schedule “A” (the Funds). 9. Each Fund is organized either as a trust established under the laws of the Province of Ontario or as a combination of
classes of NexGen Investment Corporation, a corporation amalgamated under the laws of the Province of Ontario. 10. Each Fund is a reporting issuer in each of the Jurisdictions and is not in default of securities legislation in any of the
Jurisdictions. 11. Securities of the Funds are distributed in each of the Jurisdictions under a simplified prospectus, annual information
form and Fund Facts documents dated May 28, 2014. The Proposed Transaction 12. In a press release issued on October 24, 2014 (and filed on SEDAR), NexGen Holdco and Natixis Global Asset
Management, S.A. (NGAM SA) announced that NexGen Holdco and 2438801 Ontario Inc. (Natixis Holdco), a wholly-owned subsidiary of Natixis Global Asset Management, L.P. (NGAM LP), have entered into an agreement (the Arrangement Agreement) in which NGAM LP indirectly will acquire all of the outstanding common shares of NexGen Holdco for consideration consisting of CA$7.25 cash per common share, for an enterprise value of approximately CA $35 million (the Proposed Transaction).
13. The Proposed Transaction will be completed by way of a statutory plan of arrangement pursuant to the Business
Corporations Act (Ontario) (OBCA). The statutory arrangement by which the Proposed Transaction is to be effected is subject to approval by order of the Ontario Superior Court of Justice (Commercial List) (the Court). An interim order of the Court was obtained on November 10, 2014. It is further anticipated that a final order of the Court will be obtained at a motion scheduled for December 18, 2014.
14. Upon receipt of the unanimous recommendation of the special committee of independent directors, the NexGen Holdco
board approved the Proposed Transaction and recommended that NexGen Holdco shareholders vote in favour of the Proposed Transaction at a special meeting of the shareholders to approve the Proposed Transaction.
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December 30, 2014
(2014), 37 OSCB 11447
15. Blair Franklin Capital Partners Inc. provided an opinion to the NexGen Holdco board of directors and special committee that, as of October 24, 2014, the consideration under the Proposed Transaction is fair, from a financial point of view, to NexGen Holdco’s shareholders.
16. In connection with the execution of the Arrangement Agreement, shareholders who collectively own over 50% of
NexGen Holdco’s issued and outstanding common shares have entered into agreements with NGAM LP pursuant to which they have agreed, among other things, that they will vote all of their NexGen Holdco common shares in favour of the Proposed Transaction, unless the Arrangement Agreement is terminated in certain circumstances.
17. NexGen Holdco will seek shareholder approval for the Proposed Transaction at a special meeting to be held on
December 17, 2014 (the Meeting). In connection with the Meeting, NexGen Holdco has mailed an information circular to its shareholders providing further details of the Proposed Transaction (the Information Circular).
18. Completion of the Proposed Transaction is subject to customary closing conditions, including receipt of Court approval,
a favourable vote of at least two-thirds of the votes cast by NexGen Holdco shareholders and receipt of applicable regulatory approvals. Assuming timely receipt of all necessary approvals and the satisfaction of all other conditions, closing is expected to occur on or about December 22, 2014 or on such other later date when all of the conditions precedent have been satisfied or waived, and all approvals have been obtained, and in any event no later than March 1, 2015, subject to extension by the parties (the Closing).
19. A material change report and an amendment to the Funds’ current simplified prospectus and annual information form
and related Fund Facts documents were filed on SEDAR on November 3, 2014. Natixis Global Asset Management 20. NGAM SA is a multi-affiliate organization with more than 20 specialized investment firms in the U.S., Europe and Asia.
NGAM SA is one of the world’s largest asset managers. NGAM SA is headquartered in Paris and Boston with offices around the world.
21. NGAM SA is a wholly-owned subsidiary of Natixis S.A. (Natixis), which is a public company listed on Euronext (the
Paris stock exchange). 22. Natixis is directly owned as to 72% by Groupe BPCE (a co-operative which is the second largest banking group in
France) and as to 28% by other shareholders (none of whom own more than 10% of Natixis S.A.). 23. NGAM LP is indirectly wholly-owned by Natixis and is the principal U.S. holding entity for NGAM SA. It is indirectly
owned 85% by NGAM SA and indirectly owned 15% by Natixis. 24. NGAM LP has created Natixis Holdco, a corporation incorporated under the laws of the Province of Ontario, for the
purpose of entering into the Arrangement Agreement with NexGen Holdco. NGAM LP has guaranteed the obligations of Natixis Holdco in connection with the Arrangement Agreement.
25. Pursuant to the Arrangement Agreement, Natixis Holdco will acquire all of the issued and outstanding shares of
NexGen Holdco (other than in respect of dissenting shareholders who will be paid fair value for such shares) and then NexGen Holdco and Natixis Holdco will be amalgamated and continued as one corporation (Amalco) under the OBCA.
Change of Control of Manager 26. As the share ownership of the Filer will change such that on Closing, Amalco will own 100% of the common shares of
the Filer and NGAM SA will indirectly own 100% of the Filer, the Proposed Transaction will result in a change of control of the Filer and accordingly regulatory approval is required pursuant to section 5.5(1)(a.1) of NI 81-102.
Impact on the Manager and the Funds 27. In keeping with the NGAM SA multi-affiliate business model, the Filer will operate autonomously with the existing senior
management team. There are no immediate plans to make staffing changes or changes to the Filer’s business model. 28. As NGAM SA does not manage any investment funds in Canada, the Filer anticipates that there will be no duplication
of Canadian personnel, systems, products or services resulting from the Proposed Transaction which will require rationalization. Accordingly, completion of the Proposed Transaction is not expected to result in any material changes to, or impact on, the business, operations or affairs of the Funds, the securityholders of the Funds or the Filer. In particular:
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(2014), 37 OSCB 11448
(a) There are no plans to change the role of the Filer as manager of the Funds or the structure of the Funds, as the Funds are fundamental to the business of the Filer.
(b) There is no current intention to change the name of the Filer or the names of the Funds as a result of the
Proposed Transaction. (c) The Filer will continue to act as the investment fund manager of the Funds as a discrete, separate and distinct
legal entity in materially the same manner as it has conducted such activities immediately prior to the Closing. (d) There is no current intention:
(i) to make any substantive changes as to how the Filer operates or manages the Funds; (ii) to merge the Filer with any other investment fund manager; or (iii) to, immediately following the Proposed Transaction, or within a foreseeable period of time, change
the Filer to another investment fund manager. (e) There is no current intention to change the officers, directors or registered individuals of the Filer or of NexGen
Investment Corporation, the mutual fund corporation. (f) No current directors, officers or employees of NGAM SA or its affiliates are expected to become involved in
the day-to-day management of the Funds following completion of the Proposed Transaction. (g) It is not expected that there will be any change to the investment objectives, strategies and portfolio managers
(including any sub-advisers) of the Funds. In the future, affiliates of NGAM LP may be appointed as sub-advisers of new funds and, in keeping with the discharge of its standard of care, the Filer will consider whether changes in sub-advisers (which may include affiliates of NGAM LP) are appropriate.
(h) It is not expected that there will be any change to the fund accounting and other administrative functions
undertaken by the current providers to the Filer, both internal and external. (i) It is not expected that there will be any change to the custodian or trustee, as applicable, of the Funds. (j) Wholesale and client service support for the Funds will continue to be performed by the Filer. (k) It is not expected that there will be any change in how the Funds are managed or the expenses that are
charged to the Funds as a result of the Proposed Transaction therefore, the management fees and operating expenses of the Funds will remain unchanged.
(l) The members of the Independent Review Committee (IRC) of the Funds will cease to be IRC members by
operation of section 3.10(1)(c) of National Instrument 81-107 – Independent Review Committee for Investment Funds (NI 81-107). Immediately following the completion of the Proposed Transaction, the same members of the IRC will be re-appointed by the Filer.
29. To the extent that any related party issues arise following the Proposed Transaction, in particular if, in the future, the
Filer wishes to appoint a portfolio manager or sub-adviser for the Funds that is an affiliate, the Filer will establish written policies and procedures to address the conflict of interest matter and will refer such policies and procedures to the IRC for its review and input, in accordance with its obligations under NI 81-107.
30. The Proposed Transaction is expected to benefit the Filer and the Funds as it will result in the Filer becoming part of
one of the largest international, multi-affiliate asset managers in the world, which should be advantageous to its financial position and its ability to fulfill its regulatory obligations and obligations to the Funds.
Notice Requirement 31. Written notice (the Notice) regarding the Proposed Transaction was sent to each securityholder of the Funds on
November 19, 2014, which, if the Closing occurs on December 22, 2014, means that securityholders of the Funds will have received the Notice approximately 33 days before the Closing of the Proposed Transaction.
32. It is the Filer’s view that it would not be prejudicial to the securityholders of the Funds to abridge the notice period
required under s. 5.8(1)(a) of NI 81-102 from 60 days to not less than 33 days for the following reasons:
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(2014), 37 OSCB 11449
(a) the Proposed Transaction is not expected to result in any change in how the Filer administers or manages the Funds;
(b) the Proposed Transaction will not have any impact on the securityholders’ interest in the Funds and
securityholders are not required to take any action; securityholders need only consider whether they wish to exit the Funds. The change of control of the Filer, by itself, will not trigger any other material change to the Funds;
(c) the securityholders of the Funds will still be able to redeem their securities of the Funds prior to the Closing;
and (d) the Proposed Transaction has been well publicized since it was first announced on October 24, 2014, such
that securityholders of the Funds will be sufficiently aware of the Proposed Transaction by the combination of the Notice and the media coverage of the Proposed Transaction.
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:
(a) the Approval Sought is granted; and (b) the Abridgement Relief is granted provided that
(i) the Notice is given to securityholders of the Funds at least 33 days before the Closing, and (ii) no material changes will be made to the management, operations or portfolio management of the
Funds for at least 60 days following the date the Notice was delivered. “Raymond Chan” Manager, Investment Funds and Structured Products Branch Ontario Securities Commission
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11450
SCHEDULE “A”
NEXGEN FUNDS NexGen Canadian Cash Fund NexGen Canadian Bond Fund NexGen Corporate Bond Fund NexGen Canadian Diversified Income Registered Fund NexGen Turtle Canadian Balanced Registered Fund NexGen Intrinsic Balanced Registered Fund NexGen Canadian Dividend Registered Fund NexGen Turtle Canadian Equity Registered Fund NexGen North American Large Cap Registered Fund NexGen Intrinsic Growth Registered Fund NexGen U.S. Dividend Plus Registered Fund NexGen U.S. Growth Registered Fund NexGen Global Equity Registered Fund NexGen Canadian Preferred Share Registered Fund NexGen Canadian Cash Tax Managed Fund NexGen Canadian Bond Tax Managed Fund NexGen Corporate Bond Tax Managed Fund NexGen Turtle Canadian Balanced Tax Managed Fund NexGen Turtle Canadian Equity Tax Managed Fund NexGen Intrinsic Growth Tax Managed Fund NexGen U.S. Dividend Plus Tax Managed Fund NexGen U.S. Growth Tax Managed Fund NexGen Global Equity Tax Managed Fund NexGen Canadian Diversified Income Tax Managed Fund NexGen Intrinsic Balanced Tax Managed Fund NexGen Canadian Dividend Tax Managed Fund NexGen North American Large Cap Tax Managed Fund NexGen Canadian Preferred Share Tax Managed Fund
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11451
2.1.2 Interglobe Financial Services Corp. and Hub Capital Inc.
Headnote Multilateral Instrument 11-102 Passport System – National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – National Instrument 33-109 Registration Information (NI 33-109) – relief from certain filing requirements of NI 33-109 in connection with a bulk transfer of business locations and registered and non-registered individuals pursuant to an amalgamation in accordance with section 3.4 of Companion Policy 33-109CP to NI 33-109. Applicable Legislative Provisions Multilateral Instrument 11-102 Passport System. National Instrument 33-109 Registration Information and
Companion Policy 33-109CP. National Policy 11-203 Process for Exemptive Relief
Applications in Multiple Jurisdictions.
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
INTERGLOBE FINANCIAL SERVICES CORP. (INTERGLOBE)
AND
HUB CAPITAL INC.
(HUB AND TOGETHER WITH INTERGLOBE, THE FILERS)
DECISION
Background The principal regulator in the Jurisdiction has received an application from the Filers for a decision under the securities legislation of the Jurisdiction of the principal regulator (the Legislation) for relief from the requirements contained in sections 2.2, 2.3, 2.5, 3.2 and 4.2 of National Instrument 33-109 Registration Information (NI 33-109) pursuant to section 7.1 of NI 33-109 to allow the bulk transfer of dealing representatives, permitted individuals and business locations from Interglobe to Hub (the Bulk Transfer), on December 31, 2014 (the Amalgamation
Date) in accordance with section 3.4 of the Companion Policy to NI 33-109 (the Exemption Sought). 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
(ii) the Filers have provided notice that sub-
section 4.7(1) of Multilateral Instrument 11-102 Passport System (MI 11-102) is intended to be relied upon in Alberta, British Columbia, Manitoba, New Bruns-wick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island, Québec, Saskatchewan, Northwest Territories and Yukon.
Interpretation Terms defined in National Instrument 14-101 Definitions and MI 11-102 have the same meaning if used in this decision, unless otherwise defined. Representations This decision is based on the following facts represented by the Filers: Hub 1. Hub is a corporation amalgamated pursuant to the
Business Corporations Act (Canada) and has its principal office located at 400-1565 Carling Avenue, Ottawa, ON, K1Z 8R1.
2. Hub is a wholly-owned subsidiary of Hub
International Canada West ULC. 3. Hub is a member of the Mutual Fund Dealers
Association of Canada (the MFDA) and is registered in each of the jurisdictions as a dealer in the category of mutual fund dealer.
4. Hub is in compliance with all of the MFDA’s
requirements and is not in default of the securities legislation in any of the jurisdictions in which it is registered.
Interglobe 5. Interglobe is a corporation incorporated pursuant
to the Business Corporations Act (Ontario) and has its principal office located at 1001 – 3700 Steeles Avenue West, Woodbridge, ON, L4L 8M9.
6. Interglobe is a wholly-owned subsidiary of MGA
Partners Inc. 7. Interglobe is a member of the MFDA and is regis-
tered in each of the provinces of New Brunswick,
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11452
Nova Scotia, Newfoundland and Labrador, Ontario and Prince Edward Island as a dealer in the category of mutual fund dealer. Interglobe is also registered as a dealer in the category of exempt market dealer in each of the provinces of New Brunswick, Nova Scotia, Newfoundland and Labrador, Ontario and Prince Edward Island.
8. Interglobe is in compliance with all of the MFDA’s
requirements and is not in default of the securities legislation in any of the jurisdictions in which it is registered.
The Amalgamation 9. On October 28, 2014, the MFDA issued a letter
approving (i) the transaction whereby an affiliate of Hub acquired all of the issued and outstanding shares of MGA Partners Inc. and, thereby, Interglobe; and (ii) the amalgamation of Interglobe and Hub.
10. Subject to the necessary approvals, the Filers
intend to amalgamate on the Amalgamation Date. The company that will result from the amalgamation of Interglobe and Hub (Amalco) will be known as Hub Capital Inc. and will retain Hub’s head office and National Registration Database (NRD) number.
11. Amalco’s registration will encompass the
registration categories and jurisdictions of both Interglobe and Hub immediately prior to the amalgamation.
12. On the Amalgamation Date, all Interglobe dealing
representatives and permitted individuals, other than Julie Yim, Chief Compliance Officer of Interglobe, will be transferred to Amalco on NRD (Transferred Individuals) in addition to the affected business locations.
13. Effective on the Amalgamation Date, Amalco will
carry on the same business as the Filers and all of the registerable activities of the Filers will be carried out by Amalco. Subject to obtaining the Exemption Sought, no disruption in the services provided by the Filers to their clients will result further to the amalgamation.
14. Given the number of Transferred Individuals in
connection with the amalgamation, it would be unduly time consuming and difficult to transfer the registration of each of the Transferred Individuals on an individual basis through NRD in accordance with NI 33-109 if the Exemption Sought is not granted.
15. The Bulk Transfer will ensure that the transfer of
the affected individuals and business locations occur effective as of the same date, the Amalgamation Date, in order to ensure that there is no interruption in registration.
16. The Exemption Sought complies with the requirements of, and the reasons for, a bulk transfer as set out in Section 3.4 of the Companion Policy to NI 33-109 and Appendix C thereto.
17. It would not be prejudicial to the public interest to
grant the Exemption Sought. Decision The principal regulator is satisfied that the decision meets the test set out in the Legislation for the principal regulator to make the decision. The decision of the principal regulator under the Legislation is that the Exemption Sought is granted. “Marianne Bridge” Deputy Director Compliance and Registrant Regulation Ontario Securities Commission
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11453
2.1.3 Pethealth Inc. Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – application for a decision that the issuer is not a reporting issuer under applicable securities laws – issuer in default of certain filing obligations as a reporting issuer under applicable securities laws – outstanding securities are beneficially owned, directly or indirectly by fewer than 15 securityholders in each jurisdiction and fewer than 51 securityholders worldwide – requested relief granted. Applicable Legislative Provisions Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii). CSA Staff Notice 12-307 Applications for a Decision that an
Issuer is not a Reporting Issuer.
December 16, 2014
IN THE MATTER OF THE SECURITIES LEGISLATION OF
BRITISH COLUMBIA, ALBERTA, ONTARIO AND QUÉBEC
(the “Jurisdictions”)
AND
IN THE MATTER OF THE PROCESS FOR EXEMPTIVE RELIEF
APPLICATIONS IN MULTIPLE JURISDICTIONS
AND
IN THE MATTER OF PETHEALTH INC.
(the “Filer”)
DECISION Background 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”) that the Filer is not a reporting issuer in the Jurisdictions (the “Exemptive Relief Sought”). Under the Process for Exemptive Relief Applications in Multiple Jurisdictions (for a coordinated review application):
(a) the Ontario Securities Commission is the principal regulator for this application, and
(b) the decision is the decision of the
principal regulator and evidences the decision of each other Decision Maker.
Interpretation Terms defined in National Instrument 14-101 Definitions have the same meaning if used in this decision, unless otherwise defined. Representations This decision is based on the following facts represented by the Filer: 1. The Filer is a corporation governed by the Canada
Business Corporations Act (the “CBCA”) with its registered office located at 710 Dorval Drive, Suite 700, Oakville, Ontario L6K 3V7.
2. The authorized share capital of the Filer consists
of an unlimited number of common shares (the “Common Shares”) and an unlimited number of preferred shares (the “Preferred Shares”, and, together with the Common Shares, the “Shares”). The Filer has no other securities outstanding, including debt securities and convertible securi-ties.
3. The Filer is a reporting issuer in each of the
Jurisdictions and is thus subject to continuous disclosure requirements under the Legislation.
4. On August 29, 2014, the Filer entered into an
arrangement agreement with Fairfax Financial Holdings Limited (“Fairfax”) and 8653291 Canada Inc. (the “Purchaser”) to complete a transaction by way of a statutory plan of arrangement under Section 192 of the CBCA (the “Arrangement”), pursuant to which the Purchaser will acquire all of the outstanding shares of the Filer.
5. The Arrangement was completed on November
14, 2014 (the “Effective Date”). Pursuant to the Arrangement, among other things: (a) Fairfax acquired, directly or indirectly
through a wholly-owned subsidiary, all of the issued and outstanding Common Shares and Preferred Shares of the Filer;
(b) each option to acquire a Common Share
(an “Option”) of the Filer with an exercise price lower than the consideration paid per Common Share under the Arrange-ment was deemed transferred and assigned to the Filer and cancelled by the Filer and, in consideration for such Option, the Filer paid to the holder of such Option an amount equal to the consideration paid per Common Share under the Arrangement less the exercise price of such Option, and each Option of the Filer with an exercise price equal to or higher than the consideration paid per Common Share under the Arrangement
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11454
was disposed of to the Filer and cancelled; and
(c) each deferred share unit (a “DSU”) was
deemed transferred and assigned to the Filer and cancelled by the Filer in exchange for an amount equal to the consideration paid per Common Share under the Arrangement.
6. As a result of the Arrangement, the only
securityholder of the Filer is Fairfax, directly or indirectly through a wholly-owned subsidiary.
7. The outstanding securities of the Filer, including
debt securities, are beneficially owned, directly or indirectly, by fewer than 15 securityholders in each of the jurisdictions of Canada and fewer than 51 securityholders in total worldwide.
8. The Common Shares of the Filer were delisted
from the Toronto Stock Exchange as at the close of business on November 18, 2014.
9. None of the Filer’s securities are traded on a
marketplace as defined in National Instrument 21-101 Marketplace Operation or any other facility for bringing together buyers and sellers of securities where trading data is publicly reported.
10. The Filer does not currently intend to seek public
financing by an offering of its securities in Canada. 11. The Filer is applying for a decision that it is not a
reporting issuer in all of the jurisdictions in Canada in which it is currently a reporting issuer.
12. Upon the grant of the Exemptive Relief Sought,
the Filer will no longer be a reporting issuer in any jurisdiction in Canada.
13. The Filer did not voluntarily surrender its status as
a reporting issuer in British Columbia pursuant to British Columbia Instrument 11-502 Voluntary Surrender of Reporting Issuer Status because it wanted to avoid the 10-day waiting period under that instrument.
14. The Filer is not eligible to use the simplified
procedure under CSA Staff Notice 12-307 Applications for a Decision that an Issuer is not a Reporting Issuer because it is a reporting issuer in British Columbia and is in default of certain filing obligations under the Legislation as described in paragraph 15.
15. The Filer is not in default of any of its obligations
as a reporting issuer under the Legislation other than its obligation to file its interim financial statements, related management’s discussion and analysis and certificates under National Instrument 52-109 Certification of Disclosure in Issuer’s Annual and Interim Filings for its third
quarter ended September 30, 2014. On November 14, 2014, the last date by which the Filer was required to make such filings, Fairfax owned 100% of the Shares of the Filer.
Decision Each of the Decision Makers is satisfied that the decision meets the test set out in the Legislation for the Decision Maker to make the decision. The decision of the Decision Makers under the Legislation is that the Exemptive Relief Sought is granted. “Edward P. Kerwin” Commissioner Ontario Securities Commission “Mary Condon” Commissioner Ontario Securities Commission
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11455
2.1.4 RCM Partners Inc. et al. Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – relief from the conflict of interest restrictions in the Securities Act (Ontario) and the self-dealing prohibition in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations to allow pooled funds to invest in securities of underlying pooled funds under common management subject to conditions. Applicable Legislative Provisions Securities Act (Ontario), R.S.O. 1990, c. S.5, as am., ss. 111(2)(b), 111(2)(c), 111(4), 113. National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, ss. 13.5(2)(a), 15.1.
November 28, 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 RCM PARTNERS INC. (the Filer)
AND
RCM VALUE OPPORTUNITIES TRUST
(the Initial Top Fund)
AND
RCM SPECIAL SITUATIONS FUND (the Initial Underlying Fund)
DECISION
Background The principal regulator in the Jurisdiction has received an application from the Filer on behalf of the Filer, its affiliates, the Initial Top Fund and any other mutual fund that is not a reporting issuer in any jurisdiction of Canada that may be established, advised or managed by the Filer or its affiliate in the future (the “Future Top Funds” and, together with the Initial Top Fund, the “Top Funds”) for a decision under the securities legislation of the Jurisdiction of the principal regulator (the “Legislation”) exempting the Filer, its affiliates and the Top Funds, as applicable, in respect of the Top Funds’ investment in the Initial Underlying Fund or any other mutual fund that is not a reporting issuer in any jurisdiction of Canada that may be established, advised or managed by the Filer or its affiliate in the future (the “Future Underlying Funds” and, together with the Initial Underlying Fund, the “Underlying Funds”) from:
(a) the restriction in securities legislation that prohibits an investment fund from knowingly making an investment in a person or company in which the investment fund, alone or together with one or more related investment funds, is a substantial securityholder;
(b) the restriction in securities legislation that prohibits an investment fund from knowingly making an investment
in an issuer in which:
(i) any officer or director of the investment fund, its management company or distribution company or an associate of any of them, or
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11456
(ii) any person or company who is a substantial securityholder of the investment fund, its management company or its distribution company,
has a significant interest;
(c) the restriction in securities legislation that prohibits an investment fund, its management company or its distribution company, from knowingly holding an investment described in paragraph (a) or (b) above (the “Related Issuer Relief”); and
(d) the restriction in paragraph 13.5(2)(a) of National Instrument 31-103 Registration Requirements prohibiting a
registered adviser from knowingly causing an investment portfolio managed by it, including an investment fund for which it acts as an adviser, to invest in the securities of an issuer in which a responsible person or an associate of a responsible person is a partner, officer or director, unless the fact is disclosed to the client and the written consent of the client to the investment is obtained before the purchase (the “Consent Requirement Relief”);
(collectively, the “Exemption Sought”). Under the Process for Exemptive Relief Applications in Multiple Jurisdictions (for a passport application):
1. the Ontario Securities Commission is the principal regulator for this application; and 2. 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 (i) in respect of the Related Issuer Relief, in Alberta and (ii) in respect of the Consent Requirement Relief, in Alberta, British Columbia, Manitoba, Québec and Nova Scotia.
Interpretation Terms defined in National Instrument 14-101 Definitions and MI 11-102 have the same meaning if used in this decision, unless otherwise defined. Representations This decision is based on the following facts represented by the Filer: The Filer 1. The Filer is a corporation incorporated under the Business Corporations Act (Ontario) on June 23, 2008 and has its
head office in Toronto, Ontario. 2. The Filer is registered as an adviser in the category of portfolio manager and as an investment fund manager in
Ontario. 3. The Filer is also registered as a dealer in the category of exempt market dealer under applicable securities legislation
in the provinces of Alberta, British Columbia, Manitoba, Québec, Ontario and Nova Scotia. 4. The Filer is not a reporting issuer in any jurisdiction of Canada and is not in default of securities legislation of any
jurisdiction of Canada. 5. The Filer is the investment fund manager and portfolio adviser of the Initial Underlying Fund and will be the investment
fund manager and portfolio adviser of the Initial Top Fund. The Filer, or an affiliate of the Filer, will be the investment fund manager and portfolio adviser of the Future Top Funds and the Future Underlying Funds. Subject to obtaining any necessary regulatory approvals, the Filer will also act as trustee of any Top Fund and Future Underlying Fund structured as a trust.
6. The Filer may also act as distributor of securities of the Top Funds and Underlying Funds not otherwise sold through
another registered dealer. 7. Mr. Michael Ruscetta, the founder and an officer and director of the Filer, is also a substantial securityholder of the Filer
and has a significant interest in the Initial Underlying Fund by virtue of currently owning approximately a 20% interest in the Initial Underlying Fund. In the future, Mr. Ruscetta, and other officers and/or directors and/or substantial securityholders of the Filer and/or a Top Fund may also have a significant interest in an Underlying Fund.
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11457
Top Funds 8. Each of the Top Funds will be a mutual fund for the purposes of the Legislation. 9. The Initial Top Fund will be a mutual fund trust established under the laws of Ontario in or around the third calendar
quarter of 2014 and will be governed by a declaration of trust. 10. Any Future Top Funds may be structured as limited partnerships, trusts or corporations under the laws of Ontario or
another jurisdiction of Canada. The general partner of each Future Top Fund that is structured as a limited partnership will be an affiliate of the Filer.
11. Securities of each of the Top Funds will be sold to investors solely on a private placement basis pursuant to available
prospectus exemptions in accordance with National Instrument 45-106 Prospectus and Registration Exemptions (“NI 45-106”).
12. The investment objective of the Initial Top Fund will be to generate superior risk-adjusted returns while preserving
capital by investing substantially all of its assets in securities of the Initial Underlying Fund. 13. The investment objective of each Future Top Fund will be to invest substantially all of its assets in securities of one or
more Underlying Funds. 14. Securities of the Initial Top Fund are expected to be eligible for investments by tax-free savings accounts (“TFSAs”)
and trusts governed by registered retirement savings plans, registered retirement income funds, registered education savings plans, defined profit sharing plans and registered disability savings plans (collectively, “Tax Deferred Plans”), each as defined in the Income Tax Act (Canada).
15. None of the Top Funds will be a reporting issuer in any jurisdiction in Canada. Underlying Funds 16. The Initial Underlying Fund is, and each of the Future Underlying Funds will be, a mutual fund for the purposes of the
Legislation. 17. The Initial Underlying Fund is a limited partnership formed under the laws of Ontario by a declaration of limited
partnership dated August 28, 2009. 18. Any Future Underlying Funds may be structured as limited partnerships, trusts or corporations under the laws of
Ontario or another jurisdiction of Canada. 19. RCM General Partner Inc. (the “General Partner”), an affiliate of the Filer, acts as the general partner of the Initial
Underlying Fund. The general partner of each Future Underlying Fund that is structured as a limited partnership will be an affiliate of the Filer.
20. The Initial Underlying Fund is not, and will not be, a reporting issuer in any jurisdiction in Canada. None of the Future
Underlying Funds will be a reporting issuer in any jurisdiction in Canada. In Canada, securities of the Initial Underlying Fund are, and securities of the Future Underlying Funds will be, sold to investors solely on a private placement basis pursuant to available prospectus exemptions in accordance with NI 45-106.
21. The Initial Underlying Fund is not in default of securities legislation of any jurisdiction of Canada. 22. The Initial Underlying Fund has, and the Future Underlying Funds will have, separate investment objectives, strategies
and/or restrictions. 23. The investment objective of the Initial Underlying Fund is to generate superior risk-adjusted returns while preserving
capital by investing in, among other things, common equities, warrants, preferred shares, trust units, bank loans, debt securities, futures and other derivative instruments and other securities, including the selling short of such securities and the use of leverage against such long and short positions.
24. The Filer, or its affiliate, manages or will manage, the portfolios of each Underlying Fund to ensure there is sufficient
liquidity to provide for redemptions of securities by securityholders of the Top Funds. The Initial Underlying Fund and its investments are, and the Future Underlying Funds and their investments will be, considered liquid. To the extent illiquid assets (as defined in National Instrument 81-102 Investment Funds (NI 81-102)) are held by a Top Fund or an
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11458
Underlying Fund, such illiquid assets will only comprise an immaterial portion of the applicable Top Fund or Underlying Fund.
25. The Filer acts as the investment fund manager and portfolio adviser of the Initial Underlying Fund pursuant to the terms
of a management agreement. Fund-on-Fund Structure 26. The custodian of the assets of each Top Fund and each Underlying Fund is, or will be, one or more financial institutions
and/or their affiliates, or such third party or parties as may be appointed by the Filer or its affiliate. The custodian for each Top Fund and each Underlying Fund meets, or will meet, the qualifications for a custodian set out in section 6.2 of NI 81-102, other than that audited financial statements may not have been made public for the purpose of section 6.2 3(a) of NI 81-102.
27. The Initial Top Fund is being, and any Future Top Funds will be, created by the Filer to allow investors in the Top
Funds to obtain exposure to the investment portfolios of the Underlying Funds and their investment strategies through direct investments by the Top Funds in securities of the Underlying Funds (the “Fund-on-Fund Structure”).
28. Investing in the Underlying Funds will allow the Top Funds to achieve their investment objectives in a cost efficient
manner and will not be detrimental to the interests of other securityholders of the Underlying Funds. 29. Unlike the Initial Underlying Fund, which is a limited partnership, the Initial Top Fund will be formed as a trust for the
purpose of providing access to the Initial Underlying Fund to a broader base of investors, including investors who hold their investments in TFSAs and Tax Deferred Plans and other investors who may not or wish not to invest directly in a limited partnership. As unlisted limited partnership interests, the securities of the Initial Underlying Fund are not a qualified investment under the TFSAs and Tax Deferred Plans.
30. An investment by a Top Fund in an Underlying Fund can provide greater diversification for a Top Fund in particular
asset classes on a basis that is not materially more expensive than investing directly in the securities held by the applicable Underlying Fund.
31. An investment by a Top Fund in an Underlying Fund will be compatible with the investment objectives of the Top Fund.
Any investment made by a Top Fund in an Underlying Fund will comply, and be aligned, with the investment objectives, investment strategy, risk profile and other principal terms of the Top Fund.
32. The Filer, or its affiliate, will ensure that no management fees are payable by a Top Fund that, to a reasonable person,
would duplicate a fee payable by an Underlying Fund for the same service. No performance fee or incentive allocation will be paid by Top Funds where a performance fee or incentive allocation is paid by corresponding Underlying Funds. The Filer and its affiliates will not charge any management fee or incentive fee to the Initial Top Fund.
33. No sales fees or redemption fees will be payable by a Top Fund in relation to its purchases, dispositions or
redemptions of securities of an Underlying Fund. 34. No Top Fund will purchase or hold securities of an Underlying Fund unless, at the time of the purchase of securities of
the Underlying Fund, the Underlying Fund holds no more than 10% of its net assets in securities of other investment funds unless the Underlying Fund (a) is a “clone fund” (as defined by NI 81-102); (b) purchases or holds securities of a “money market fund” (as defined by NI 81-102) or (c) purchases or holds securities that are “index participation units” (as defined by NI 81-102) issued by an investment fund.
35. Prior to the time of purchase of securities of a Top Fund, an investor will be provided with an offering memorandum or
other similar disclosure document of the Top Fund that contains disclosure about the relationships and potential conflicts of interest between the Top Fund and the Underlying Funds, and that describes: (a) that the Top Fund may purchase securities of the Underlying Funds; (b) the fact that the Filer, or its affiliate, is the investment fund manager and portfolio manager of both the Top
Funds and the Underlying Funds; (c) the approximate or maximum percentage of net assets of the Top Fund that the Top Fund intends to invest in
securities of the Underlying Funds; and (d) the process or criteria used to select the Underlying Funds.
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11459
36. Each of the Top Funds and the Underlying Funds prepares, or will prepare, annual audited financial statements and interim unaudited financial statements in accordance with National Instrument 81-106 Investment Fund Continuous Disclosure (“NI 81-106”) and otherwise complies, or will otherwise comply, with the requirements of NI 81-106, as applicable.
37. The securityholders of a Top Fund will receive, on request and free of charge, a copy of such Top Fund’s annual
audited and interim unaudited financial statements. The financial statements of each Top Fund will disclose its holdings of securities of the applicable Underlying Funds.
38. The securityholders of a Top Fund will receive, on request and free of charge, a copy of the offering memorandum or
other similar disclosure document of any Underlying Fund in which the Top Fund invests, and a copy of the annual audited and interim unaudited financial statements of any Underlying Fund in which the Top Fund invests.
39. The Filer, or its affiliate, will not cause the securities of an Underlying Fund held by a Top Fund to be voted at any
meeting of the securityholders of any Underlying Fund, except that the Filer, or its affiliate, may arrange for the securities of the Underlying Fund held by a Top Fund to be voted by the beneficial holders of securities of the Top Fund.
40. The Initial Top Fund and the Initial Underlying Fund will have matching valuation dates. The Initial Underlying Fund and
its securities are, and the Initial Top Fund and its securities will be, valued monthly. 41. The securities of the Initial Top Fund and the Initial Underlying Fund will have matching redemption dates. Securities of
the Initial Underlying Fund are, and securities of the Initial Top Fund will be, redeemable monthly. 42. An Underlying Fund and its securities will be valued no less frequently than a Top Fund and its securities. 43. Securities of an Underlying Fund will be redeemable no less frequently than securities of a Top Fund. 44. No Underlying Fund will be a Top Fund. 45. The Filer is entitled to receive monthly management fees, payable in arrears, with respect to certain classes of
securities of the Initial Underlying Fund. The General Partner, an affiliate of the Filer, is also entitled to receive a performance fee in the form of an incentive allocation of realized and unrealized profits in respect of certain classes of securities of the Initial Underlying Fund. No performance fee or incentive allocation will be paid by Top Funds where a performance fee or incentive allocation is paid by corresponding Underlying Funds.
46. The amounts invested from time to time in an Underlying Fund by a Top Fund may exceed 20% of the outstanding
voting securities of the Underlying Fund. As a result, each Top Fund could, either alone or together with other Top Funds, become a substantial securityholder of an Underlying Fund. The Top Funds will be related mutual funds by virtue of common management by the Filer or its affiliate.
47. Prior to the time of investment, securityholders of a Top Fund will be provided with disclosure with respect to each
officer, director, and/or substantial securityholder of the Filer and/or the Top Fund that also has a significant interest in an Underlying Fund and the approximate amount of the significant interest they hold, on an aggregate basis, expressed as a percentage of net asset value (NAV) of the Underlying Fund. Securityholders in a Top Fund will also be advised of the potential conflicts of interest which may arise from such relationships. The foregoing disclosure will be contained in any offering memorandum prepared in connection with a distribution of securities of the Top Fund, or if no offering memorandum is prepared, in another document provided to investors of the Top Fund.
Generally 48. The Fund-on-Fund Structure may result in a Top Fund investing in an Underlying Fund in which an officer, director or
substantial securityholder of the Filer or the Top Fund has a significant interest. 49. The Exemption Sought is required in part because the Top Funds will not offer their securities under a simplified
prospectus. Consequently, they will not be subject to NI 81-102 and therefore the Top Funds will be unable to rely upon the exemption codified under section 2.5(7) of NI 81-102.
50. In the absence of the Exemption Sought, a Top Fund would be precluded from purchasing and holding securities of an
Underlying Fund due to the investment restrictions contained in the Legislation. 51. In the absence of the Consent Requirement Relief, the Initial Top Fund would be precluded from investing in the Initial
Underlying Fund, unless the consent of each investor in the Initial Top Fund is obtained, since Mr. Ruscetta will be an
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December 30, 2014
(2014), 37 OSCB 11460
officer and director of the Filer and also an officer and director of the General Partner. In the future, other officers and directors of the Filer may also be officers and directors of the General Partner and/or of Underlying Funds structured as a corporation.
52. A Top Fund’s investments in the Underlying Funds will represent the business judgement of responsible persons
uninfluenced by considerations other than the best interests of the Top Fund. Decision The principal regulator is satisfied that the decision meets the test set out in the Legislation for the principal regulator to make the decision. The decision of the principal regulator under the Legislation is that the Exemption Sought is granted provided that:
(a) securities of the Top Funds are distributed in Canada solely on a private placement basis pursuant to available prospectus exemptions in accordance with NI 45-106;
(b) the investment by a Top Fund in an Underlying Fund is compatible with the investment objectives of the Top
Fund; (c) no Top Fund will purchase or hold securities of an Underlying Fund unless, at the time of the purchase of
securities of the Underlying Fund, the Underlying Fund holds no more than 10% of its net assets in securities of other investment funds unless the Underlying Fund: (i) is a clone fund (as defined by NI 81-102), (ii) purchases or holds securities of a “money market fund” (as defined by NI 81-102), or (iii) purchases or holds securities that are “index participation units” (as defined by NI 81-102) issued by
an investment fund;
(d) no management fees or incentive fees are payable by a Top Fund that, to a reasonable person, would duplicate a fee payable by an Underlying Fund for the same service;
(e) no sales fees or redemption fees are payable by a Top Fund in relation to its purchases or redemptions of
securities of an Underlying Fund; (f) the Filer, or its affiliate, does not cause the securities of an Underlying Fund held by a Top Fund to be voted at
any meeting of holders of such securities, except that the Filer, or its affiliate, may arrange for the securities the Top Fund holds of the Underlying Fund to be voted by the beneficial holders of securities of the Top Fund;
(g) the offering memorandum or other similar disclosure document of a Top Fund, will be provided to investors in
a Top Fund and will disclose: (i) that the Top Fund may purchase securities of the Underlying Funds; (ii) the fact that the Filer, or its affiliate, is the investment fund manager and portfolio adviser of both the
Top Funds and the Underlying Funds; (iii) the approximate or maximum percentage of net assets of the Top Fund that the Top Fund intends to
invest in securities of the Underlying Funds; and (iv) the process or criteria used to select the Underlying Funds;
(h) investors in each Top Fund will be informed that they are entitled to receive from the Filer, or its affiliate, on request and free of charge, a copy of the offering memorandum or other similar disclosure document and the annual or semi-annual financial statements relating to all Underlying Funds in which the Top Fund may invest its assets; and
(i) prior to the time of investment, securityholders of a Top Fund will be provided with disclosure with respect to
each officer, director, and/or substantial securityholder of the Filer and/or the Top Fund that also has a significant interest in an Underlying Fund and the approximate amount of the significant interest they hold, on an aggregate basis, expressed as a percentage of the NAV of the Underlying Fund. Securityholders in a Top
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December 30, 2014
(2014), 37 OSCB 11461
Fund will also be advised of the potential conflicts of interest which may arise from such relationships. The foregoing disclosure will be contained in any offering memorandum prepared in connection with a distribution of securities of the Top Fund, or if no offering memorandum is prepared, in another document provided to investors of the Top Fund.
The Consent Requirement Relief “Raymond Chan” Manager, Investment Funds and Structured Products Branch Ontario Securities Commission The Related Issuer Relief “Judith N. Robertson” Commissioner Ontario Securities Commission “Mary G. Condon” Commissioner Ontario Securities Commission
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11462
2.1.5 Huntingdon Capital Corp. – s. 1(10)(a)(ii) Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – Issuer deemed to no longer be a reporting issuer under securities legislation. Applicable Legislative Provisions Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii). December 19, 2014 Huntingdon Capital Corp. 2000 – 5000 Miller Road Richmond, BC V7B 1K6 Dear Sirs/Mesdames: Re: Huntingdon Capital Corp. (the Applicant) –
application for a decision under the securities legislation of Ontario, Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island, Quebec and Saskatchewan (the Jurisdictions) that the Applicant is not a reporting issuer
The Applicant has applied to the local securities regulatory authority or regulator (the Decision Maker) in each of the Jurisdictions for a decision under the securities legislation (the Legislation) of the Jurisdictions that the Applicant is not a reporting issuer. In this decision, “securityholder” means, for a security, the beneficial owner of the security. The Applicant has represented to the Decision Makers that:
(a) the outstanding securities of the Appli-cant, including debt securities, are bene-ficially owned, directly or indirectly, by fewer than 15 securityholders in each of the jurisdictions of Canada and fewer than 51 securityholders in total world-wide;
(b) no securities of the Applicant, including
debt securities, are traded in Canada or another country on a marketplace as defined in National Instrument 21-101 Marketplace Operation or any other facility for bringing together buyers and sellers of securities where trading data is publicly reported;
(c) the Applicant is applying for a decision
that it is not a reporting issuer in all of the jurisdictions of Canada in which it is currently a reporting issuer; and
(d) the Applicant is not in default of any of its obligations under the Legislation as a reporting issuer.
Each of the Decision Makers is satisfied that the test contained in the Legislation that provides the Decision Maker with the jurisdiction to make the decision has been met and orders that the Applicant is not a reporting issuer. “Shannon O’Hearn” Manager, Corporate Finance Ontario Securities Commission
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11463
2.1.6 American Consolidated Minerals Corp. – s. 1(10)(a)(ii)
Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – Issuer deemed to no longer be a reporting issuer under securities legislation. Applicable Legislative Provisions Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii). December 19, 2014 Bosa Kosoric McMillan LLP Suite 1500 1055 West Georgia Street Vancouver, British Columbia V6E 4N7 Dear Sirs/Mesdames: Re: American Consolidated Minerals Corp. (the
Applicant) – Application for a decision under the securities legislation of Alberta and Ontario (the Jurisdictions) that the Applicant is not a reporting issuer
The Applicant has applied to the local securities regulatory authority or regulator (the Decision Maker) in each of the Jurisdictions for a decision under the securities legislation (the Legislation) of the Jurisdictions that the Applicant is not a reporting issuer. In this decision, “securityholder” means, for a security, the beneficial owner of the security. The Applicant has represented to the Decision Makers that:
(a) the outstanding securities of the Appli-cant, including debt securities, are bene-ficially owned, directly or indirectly, by fewer than 15 securityholders in each of the jurisdictions of Canada and fewer than 51 securityholders in total world-wide;
(b) no securities of the Applicant, including
debt securities, are traded in Canada or another country on a marketplace as defined in National Instrument 21-101 Marketplace Operation or any other facility for bringing together buyers and sellers of securities where trading data is publicly reported;
(c) the Applicant is applying for a decision
that it is not a reporting issuer in all of the jurisdictions of Canada in which it is currently a reporting issuer; and
(d) the Applicant is not in default of any of its obligations under the Legislation as a reporting issuer.
Each of the Decision Makers is satisfied that the test contained in the Legislation that provides the Decision Maker with the jurisdiction to make the decision has been met and orders that the Applicant is not a reporting issuer. “Shannon O’Hearn” Manager, Corporate Finance Ontario Securities Commission
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December 30, 2014
(2014), 37 OSCB 11464
2.1.7 Bell Aliant Inc. et al. – s. 1(10)(a)(ii) Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – Issuer deemed to no longer be a reporting issuer under securities legislation. Applicable Legislative Provisions Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii). December 18, 2014 Bell Aliant Inc., Bell Aliant Preferred Equity Inc., Bell Aliant Regional Communications Inc. and Bell Aliant Regional Communications, Limited Partnership c/o Goodmans LLP Bay Adelaide Centre 333 Bay Street, Suite 3400 Toronto, ON M5H 2S7 Attention: Shazia Banduk Dear Sirs/Mesdames: Re: Bell Aliant Inc. (the “Company”), Bell Aliant
Preferred Equity Inc. (“Prefco”), Bell Aliant Regional Communications Inc. (“Bell Aliant GP”) and Bell Aliant Regional Communi-cations, Limited Partnership (“Bell Aliant LP”, and collectively with the Company, Prefco and Bell Aliant GP, the “Applicants” and each an “Applicant”) Application for a decision under the securities legislation of Nova Scotia, Alberta, Ontario, Manitoba, New Brunswick, Newfoundland and Labrador, Prince Edward Island, Québec and Saskatchewan (the “Provinces”) and, solely with respect to Prefco, Yukon, Northwest Territories and Nunavut (the “Territories”) that the Applicants are not reporting issuers
The Applicants have applied to the local securities regulatory authority or regulator (the “Decision Maker”) in each of (a) the Provinces, in the case of the Company, Bell Aliant GP and Bell Aliant LP and (b) the Provinces and Territories, in the case of Prefco, for a decision under the securities legislation (the “Legislation”) of the applicable jurisdictions that the Applicants are not reporting issuers. In this decision, “securityholder” means, for a security, the beneficial owner of the security. Each Applicant has represented to the Decision Makers that:
1. the outstanding securities of the Appli-cant, including debt securities, are bene-ficially owned, directly or indirectly, by fewer than 15 securityholders in each of the jurisdictions of Canada and fewer
than 51 securityholders in total world-wide;
2. no securities of the Applicant, including
debt securities, are traded in Canada or another country on a marketplace as defined in National Instrument 21-101 Marketplace Operation or any other facility for bringing together buyers and sellers of securities where trading data is publicly reported;
3. the Applicant is applying for a decision
that it is not a reporting issuer in all of the jurisdictions of Canada in which it is currently a reporting issuer; and
4. the Applicant is not in default of any of its
obligations under the Legislation as a reporting issuer.
Each of the Decision Makers is satisfied that the test contained in the Legislation that provides the Decision Maker with the jurisdiction to make the decision has been met and orders that each Applicant is deemed to have ceased to be a reporting issuer and that each Applicant’s status as a reporting issuer is revoked. “Sarah Bradley” Chair Nova Scotia Securities Commission “Paul Radford” Vice-chair Nova Scotia Securities Commission
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December 30, 2014
(2014), 37 OSCB 11465
2.1.8 Alignvest Capital Management Inc. Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – relief from the conflict of interest restrictions in the Securities Act (Ontario) and the self-dealing prohibitions in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations to permit fund-on-fund structures and in-specie transactions between pooled funds under common management subject to conditions. Applicable Legislative Provisions Securities Act (Ontario), R.S.O. 1990, c. S.5, as am., ss. 111(2)(b), 111(2)(c), 111(4), 113. National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, ss. 13.5(2)(a) and (b),
15.1.
December 19, 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 ALIGNVEST CAPITAL MANAGEMENT INC. (the Filer) and
THE INITIAL TOP FUNDS (as defined below) and THE INITIAL UNDERLYING FUNDS (as defined below)
DECISION
Background The principal regulator in the Jurisdiction has received an application from the Filer on behalf of each of the Filer, its affiliates, Alignvest Opportunities Fund Trust and Alignvest Income Fund Trust (together, the Initial Top Trusts), Alignvest Opportunities Fund LP and Alignvest Income Fund LP (together, the Initial Top LPs and, together with the Initial Top Trusts, the Initial Top Funds) and any other investment fund that is not a reporting issuer in any jurisdiction of Canada that may be established, advised or managed by the Filer, or its affiliates, in the future (the Future Top Funds and, together with the Initial Top Funds, the Top Funds) for a decision under the securities legislation of the Jurisdiction of the principal regulator (the Legislation) as of the date of the Reorganization (described below) revoking and replacing the Previous Decision (defined below) with this Decision granting the following exemptions: 1. an exemption in respect of the Top Funds’ investment in Alignvest Opportunities Master Fund LP and Alignvest Income
Master Fund LP (together, the Initial Underlying Funds) or any other investment fund that is not a reporting issuer in any jurisdiction of Canada that may be established, advised or managed by the Filer, or its affiliates, in the future (the Future Underlying Funds and, together with the Initial Underlying Funds, the Underlying Funds; the Underlying Funds together with the Top Funds, collectively the Funds) from:
(a) the restriction in securities legislation that prohibits an investment fund from knowingly making an investment
in any person or company in which the investment fund, alone or together with one or more related investment funds, is a substantial security holder;
(b) the restriction in securities legislation that prohibits an investment fund from knowingly making an investment
in any issuer in which any of the following has a significant interest:
(i) any officer or director of the investment fund, its management company or distribution company or an associate of any of them, or
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(2014), 37 OSCB 11466
(ii) any person or company who is a substantial security holder of the investment fund, its management company or its distribution company;
(c) the restriction in securities legislation that prohibits an investment fund, its management company or its
distribution company, from knowingly holding an investment described in paragraph (a) or (b) above (the Related Issuer Relief);
(d) the restriction in section 13.5(2)(a) of National Instrument 31-103 Registration Requirements (NI 31-103) that
prohibits a registered adviser from knowingly causing an investment portfolio managed by it, including an investment fund for which it acts as an adviser, to invest in the securities of any issuer in which a responsible person or an associate of a responsible person is a partner, officer or director, unless the fact is disclosed to the client and the written consent of the client to the investment is obtained before the purchase, to permit a Top Fund to invest in an Underlying Fund (the Consent Relief); and
2. an exemption from the restrictions in section 13.5(2)(b)(ii) and (iii) of NI 31-103 that prohibit a registered adviser from
knowingly causing an investment portfolio managed by it, including an investment fund for which it acts as an adviser, to purchase or sell a security from or to the investment portfolio of:
(a) an investment fund for which a responsible person acts as an adviser, to permit (i) the purchase and sale of
portfolio securities between an Initial Top LP and its corresponding Initial Underlying Fund and between an Initial Top Trust and its corresponding Initial Top LP in connection with effecting the Reorganization as further described below; and (ii) subsequent redemptions by a Top Fund of securities of an Underlying Fund to be paid with portfolio securities of the Underlying Fund; and
(b) an associate of a responsible person (as defined in NI 31-103) (Associate), to permit redemptions by such
Associates of securities of a Top Fund to be paid with portfolio securities of the Top Fund as further described below (each an In specie Transaction, and the requested exemption, the In specie Relief; the In specie Relief, together with the Related Issuer Relief and the Consent Relief, the Requested Relief).
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 Alberta and Nova Scotia.
Interpretation Terms defined National Instrument 14-101 Definitions and MI 11-102 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 Previous Decision and the Reorganization 1. The Filer obtained a previous decision dated May 9, 2014 granting the Filer, the Initial Top Trusts and similar future top
investment funds relief similar to the Related Issuer Relief and the Consent Relief in respect of their investments in the Initial Top LPs (which under that decision are the initial underlying LPs) and similar future underlying investment funds (the Previous Decision).
2. The Filer is seeking the Requested Relief in connection with the reorganization of the fund-on-fund structure
contemplated by the Previous Decision (the Reorganization). That fund-on-fund structure involved top funds organized under the laws of a Canadian jurisdiction investing in underlying funds organized under the laws of a Canadian jurisdiction. Pursuant to the proposed Reorganization, subject to obtaining any necessary investor approvals and the Requested Relief, the portfolio assets of each Initial Top LP will be transferred to its corresponding Initial Underlying Fund organized as a Cayman exempted limited partnership in exchange for units of the Initial Underlying Fund and the Initial Top Trusts will redeem their holdings of the Initial Top LPs in exchange for units of the Initial Underlying Funds. After the Reorganization, the two Initial Top Trusts and their corresponding two Initial Top LPs will each be invested in the corresponding Initial Underlying Fund. Although the Related Issuer Relief will apply only to Future Top Funds that are organized as investment funds in Ontario, it contemplates that certain Future Underlying Funds may also be organized outside of Canada. The Consent Relief contemplates that certain Future Top Funds and
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(2014), 37 OSCB 11467
Future Underlying Funds may also be organized outside of Canada. In this way, the fund-on-fund structures contemplated by the Requested Relief include foreign as well as domestic structures. In each case, the Future Top Funds and Future Underlying Funds will be organized substantially similarly to, and have management fees, performance fees and/or profit allocations which are substantially similar to, the Initial Top Funds and the Initial Underlying Funds.
3. The primary reason for the proposed Reorganization is to facilitate investments in the Underlying Funds by non-
residents of Canada thereby increasing the size of the pool of assets under management, enabling the Filer to realize greater economies of scale in carrying out the investment strategies of the Underlying Fund and enhancing the ability of the Top Funds and the Underlying Funds to realize their investment objectives.
4. It is anticipated that the proposed Reorganization will be completed as soon as possible following receipt of all
necessary investor approvals and granting of the Requested Relief. The Filer 5. The Filer is a corporation existing under the laws of the Province of Ontario with its head office in Toronto, Ontario. The
Related Issuer Relief is required in Ontario and Alberta. The Consent Relief and the In specie Relief are required in Ontario and Nova Scotia.
6. The Filer is registered as an investment fund manager in Ontario. The Filer is also registered as an adviser in the
category of portfolio manager and as a dealer in the category of exempt market dealer in the Provinces of Ontario and Nova Scotia.
7. The Filer is not a reporting issuer in any jurisdiction in Canada and is not in default of securities legislation of any
jurisdiction in Canada. The Filer is the investment fund manager of the Initial Top Funds and will be the investment fund manager of the Initial Underlying Funds. The investment fund manager of the Future Top Funds and Future Underlying Funds will be the Filer, an affiliate of the Filer, or in the case of a Future Top Fund or Future Underlying Fund structured as a corporation, the corporation (as directed by the board of directors of the corporation).
8. The Filer is, or will be, the portfolio adviser of the Funds and is, or will be, responsible for managing the assets of the
Funds, has, or will have, complete discretion to invest and reinvest the Funds’ assets, and is, or will be, responsible for executing all portfolio transactions. Furthermore, the Filer may assist in the marketing of the Funds and, subject to compliance with applicable securities laws, may act as a distributor of securities of the Funds not otherwise sold through another registered dealer.
The Top Funds 9. Each of the Top Funds is, or will be, an investment fund for the purposes of the Legislation. 10. The Initial Top Trusts are trusts established under the laws of the Province of Ontario. The Initial Top LPs are limited
partnerships established under the laws of the Province of Ontario. The Future Top Funds will be structured as trusts, partnerships (such as limited partnerships) or corporations under the laws of Ontario, another jurisdiction of Canada or a foreign jurisdiction.
11. To the extent sold in Canada, securities of each of the Top Funds are, or will be, offered and issued pursuant to
available prospectus exemptions in accordance with National Instrument 45-106 Prospectus and Registration Exemptions (NI 45-106).
12. The investment objective of each of the Initial Underlying Funds will be the same as the current investment objective of
its corresponding Initial Top LP. Concurrent with the Reorganization, the investment objective of each of the Initial Top Trusts will be changed to be the same as that of its corresponding Initial Underlying Fund and the investment strategies of the Initial Top Funds will be changed to reflect that each Initial Top Fund will pursue its investment objective by gaining exposure to the returns of its corresponding Initial Underlying Fund. For example, the investment objective of Alignvest Opportunities Fund Master Limited Partnership will be the same as the current investment objective of Alignvest Opportunities Fund Limited Partnership and, concurrent with the Reorganization, the investment objective of Alignvest Opportunities Fund Trust will be changed to be the same as that of Alignvest Opportunities Fund Master Limited Partnership and the investment strategies of each of Alignvest Opportunities Fund Trust and Alignvest Opportunities Fund Limited Partnership will be changed to reflect that the Fund will pursue its investment objective by gaining exposure to the returns of Alignvest Opportunities Fund Master Limited Partnership.
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December 30, 2014
(2014), 37 OSCB 11468
13. The investment objectives of a Future Top Fund will be the same as the investment objectives of its corresponding Future Underlying Fund and each Future Top Fund will invest substantially all of its assets in its corresponding Future Underlying Fund.
14. The Initial Top Funds are not reporting issuers under the Legislation nor are they in default of securities legislation of
any jurisdiction of Canada. No Future Top Fund will be a reporting issuer under the Legislation. The Underlying Funds 15. Each of the Underlying Funds is, or will be, an investment fund for the purposes of the Legislation. 16. Each of the Initial Underlying Funds will be exempted limited partnerships formed and organized under the laws of the
Cayman Islands. The Future Underlying Funds will be structured as trusts, partnerships (such as limited partnerships) or corporations under the laws of Ontario, another jurisdiction of Canada or a foreign jurisdiction.
17. To the extent sold in Canada, securities of the Underlying Funds are, or will be, offered and issued pursuant to
available prospectus exemptions in accordance with NI 45-106. 18. Each of the Underlying Funds will have separate investment objectives, strategies and/or restrictions. 19. An investment in an Underlying Fund by a Top Fund will be effected at an objective price. The portfolio of each
Underlying Fund will consist primarily of publicly traded securities. Each Underlying Fund will not hold more than 10% of its net asset value (NAV) in illiquid assets (as defined in National Instrument 81-102 Investment Funds (NI 81-102)).
20. The Initial Underlying Funds will not be reporting issuers under the Legislation nor are they in default of securities
legislation of any jurisdiction of Canada. No Future Underlying Fund will be a reporting issuer under the Legislation. Fund-on-Fund Structure 21. A Top Fund allows investors to obtain exposure to the investment portfolio of the Underlying Fund and its strategies
through direct investment by the Top Fund in securities of the Underlying Fund (the fund-on-fund structure). The primary purpose of the fund-on-fund structure is to permit the Filer to manage a portfolio of assets in a single investment vehicle (commonly referred to as a master fund) on a more efficient basis while accepting investments from both Canadian investors and investors from several foreign jurisdictions, through one or more investment vehicles (commonly referred to as feeder funds) that are designed to address the specific tax, securities and other laws of each separate jurisdiction or type of investor.
22. Investing in the Underlying Funds will allow the Top Funds to achieve their investment objectives in a cost efficient
manner and will not be detrimental to the interests of other security holders of the Underlying Funds. 23. Non-Canadian investors may invest directly or indirectly in an Initial Underlying Fund and Canadian investors may
invest indirectly in the Initial Underlying Fund through the applicable Initial Top Fund. 24. Top Funds and their corresponding Underlying Funds have, or will have, matching valuation dates. 25. Securities of the Top Funds and their corresponding Underlying Funds have, or will have, co-ordinated redemption
dates. 26. Each of the Top Funds and the Underlying Funds that is subject to National Instrument 81-106 Investment Funds
Continuous Disclosure (NI 81-106), prepares, or will prepare, annual audited financial statements and interim unaudited financial statements in accordance with NI 81-106 and will otherwise comply with the requirements of NI 81-106, as applicable. The holdings of securities of an Underlying Fund are, or will be, disclosed in the financial statements of the Top Fund.
27. No Underlying Fund will be a Top Fund. 28. The assets of the Initial Top Trusts and the Initial Top LPs are currently held by TD Securities Inc. and Scotia Capital
Inc. 29. The Filer is entitled to receive management fees with respect to certain classes of securities of the Initial Underlying
Funds. Affiliates of the Filer (for example, the general partners of the Initial Top LPs) may also be entitled to receive profit allocations (that will be calculated based on increases in the NAV of the Initial Underlying Funds or of certain classes of securities of the Initial Underlying Funds) with respect to a class of securities of the Initial Underlying Fund
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December 30, 2014
(2014), 37 OSCB 11469
held by such affiliates of the Filer. The general partner of each Initial Top LP is entitled to receive a nominal allocation in respect of the respective Initial Top LP and the general partner of each Initial Underlying Fund is entitled to receive a nominal allocation in respect of the respective Initial Underlying Fund.
30. Persons or companies who are officers or directors of the Filer or substantial security holders of the Filer or the Top
Funds may acquire and hold a significant interest in one or more Underlying Funds from time to time. The significant interest in the Underlying Funds may arise as a result of the direct or indirect investment in securities of the Underlying Fund by such persons or companies.
31. There will be no increase in the fees to which the Initial Top Funds are directly or indirectly subject as a result of the
Reorganization. 32. The amounts invested from time to time in an Underlying Fund by a Top Fund may exceed 20% of the outstanding
voting securities of the Underlying Fund. As a result, each Top Fund could, either alone or together with other Top Funds, become a substantial security holder of an Underlying Fund. The Top Funds are, or will be, related investment funds by virtue of the common management by the Filer or its affiliates.
33. In the absence of the Requested Relief, the Top Funds may be precluded from investing in their corresponding
Underlying Funds since an officer and/or director of the Filer, who may be considered a “responsible person” (as defined by section 13.5 of NI 31-103) may also be an officer and/or director of the applicable Underlying Fund, including an officer and/or director of the general partner of an Underlying Fund where the Underlying Fund is a limited partnership.
34. Since the Top Funds and the Underlying Funds are not subject to NI 81-102, the Top Funds and the Underlying Funds
are unable to rely upon the exception in subsection 2.5(7) of NI 81-102. 35. In the absence of the Related Issuer Relief and Consent Relief, a Top Fund would be precluded from purchasing and
holding securities of an Underlying Fund due to the investment restrictions contained in securities legislation. 36. Each investment by a Top Fund in an Underlying Fund represents the business judgment of responsible persons
uninfluenced by considerations other than the best interests of the Top Fund. In specie Transactions 37. To effect the Reorganization, the Filer wishes to engage in in specie transactions pursuant to which: (i) the securities
comprising the investment portfolio of each Initial Top LP will be exchanged for limited partnership units of its corresponding Initial Underlying Fund, and (ii) immediately following completion of the exchange described in (i), each Initial Top Trust will redeem the limited partnership units it holds in its corresponding Initial Top LP and receive limited partnership units of its corresponding Initial Underlying Fund as the redemption proceeds. Following completion of these steps, each of the Initial Top Funds will be a direct investor in its corresponding Initial Underlying Fund.
38. In such circumstances, instead of the Initial Top LP disposing of the portfolio securities and the Initial Underlying Fund
purchasing the same portfolio securities and incurring unnecessary brokerage costs, the portfolio securities would, pursuant to each In specie Transaction, be acquired by the applicable Initial Underlying Fund.
39. As the Filer is a registered adviser which is, or will be, the portfolio manager of each Top Fund and Underlying Fund,
absent the grant of the In specie Relief, the Filer would be precluded by the provisions of section 13.5(2)(b)(ii) and (iii) of NI 31-103 from effecting certain In specie transactions.
40. The Filer considers an investment by an Initial Top LP in securities of an Initial Underlying Fund by way of an In specie
Transaction to be a more cost effective and efficient way for the Initial Underlying Funds to acquire the portfolio securities and for the Initial Top LPs to dispose of such portfolio securities. The Filer also considers the acquisition of limited partnership units of the Initial Underlying Fund by the applicable Initial Top Trust through an In specie Transaction to be the most efficient and cost effective way for the Initial Top Trusts to acquire their investment in the Initial Underlying Funds.
41. Similarly, following a redemption of securities of an Underlying Fund by a Top Fund, the Filer may wish to engage in In
specie Transactions pursuant to which payment, in whole or in part, of the redemption proceeds will be satisfied by the Underlying Fund making good delivery of portfolio securities held in its investment portfolio to the Top Fund provided that those portfolio securities meet the investment criteria of the Top Fund. In addition, following a redemption of securities of a Top Fund, the Top Fund may wish to effect payment, in whole or in part, of the redemption proceeds to its security holders (who may include associates of responsible persons of the Filer) through the delivery of portfolio securities, including portfolio securities that were portfolio securities of the corresponding Underlying Fund received by
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(2014), 37 OSCB 11470
the Top Fund as redemption proceeds, when those portfolio securities meet the investment criteria of the security holders.
42. Effecting In specie Transactions of securities as described above will allow the Filer to manage each of the Funds more
effectively and reduce transaction costs for the Funds. For example, In specie Transactions reduce market impact costs, which can be detrimental to the Funds. In addition, In specie Transactions allow the Filer to maintain within its control larger blocks of securities that would otherwise have to be broken up and then re-assembled. Finally, In specie Transactions are an effective way to deliver portfolio securities to security holders in circumstances where, in the judgement of the Filer, such transactions are in the best interests of security holders.
43. The portfolio securities to be acquired pursuant to each In specie Transaction will be consistent with the investment
objective of the Top Fund or the Underlying Fund acquiring the portfolio securities, as applicable. 44. Each Underlying Fund will not hold more than 10% of its NAV in illiquid assets (as defined in NI 81-102). The valuation
of any illiquid securities which would by the subject of an In specie Transaction will be carried out according to the Filer’s policies and procedures for the fair valuation of portfolio securities, including illiquid securities (FV Procedures). The Filer’s internal valuation team monitors and determines fair value according to applicable FV Procedures. The Filer’s Chief Compliance Officer will review and approve the valuation of any illiquid securities. If any illiquid securities are the subject of an In specie Transaction, the illiquid securities will be transferred on a pro rata basis.
45. In specie Transactions will be subject to: (i) compliance with written policies and procedures of the Filer representing In
specie Transactions that are consistent with applicable securities legislation and (ii) the oversight of the Filer’s Compliance department to ensure that the transaction represents the business judgment of the Filer acting in its discretionary capacity with respect to the applicable Fund or Funds, uninfluenced by considerations other than the best interests of the applicable Fund or Funds.
46. The Filer will not receive any compensation in respect of any sale or redemption of units of a Fund and, in respect of
any delivery of securities further to an In specie Transaction, the only charge paid by the Fund may be a commission charged by the dealer executing the trade and/or any administrative charges levied by a prime broker.
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 Relief is granted effective as of the date of the Reorganization, provided that: 1. the Previous Decision will no longer be relied on once this Decision is relied on; 2. in respect of the Related Issuer Relief and the Consent Relief:
(a) to the extent sold in Canada, securities of the Top Funds are distributed solely pursuant to exemptions from
the prospectus requirements in NI 45-106; (b) the investment by a Top Fund in an Underlying Fund is compatible with the investment objectives of the Top
Fund; (c) at the time of the purchase of securities of an Underlying Fund, the Underlying Fund holds no more than 10%
of its NAV in securities of other investment funds unless the Underlying Fund: (i) is a “clone fund” (as defined by NI 81-102), (ii) purchases or holds securities of a “money market fund” (as defined by NI 81-102), or (iii) purchases or holds securities that are “index participation units” (as defined by NI 81-102) issued by
an investment fund;
(d) no management fees or incentive fees are payable by a Top Fund that, to a reasonable person, would duplicate a fee payable by the Underlying Fund for the same service;
(e) no sales fees or redemption fees are payable by a Top Fund in relation to its purchases or redemptions of
securities of the Underlying Fund;
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11471
(f) the Filer, or its affiliate, does not cause the securities of the Underlying Fund held by a Top Fund to be voted at any meeting of holders of such securities, except that the Filer, or its affiliates, may arrange for the securities the Top Fund holds of the Underlying Fund to be voted by the beneficial holders of securities of the Top Fund;
(g) the offering memorandum or other similar disclosure document of a Top Fund will be provided to investors in a
Top Fund prior to the time of investment and will disclose: (i) that the Top Fund may purchase securities of an Underlying Fund; (ii) that the Filer, or its affiliate, is the investment fund manager and/or portfolio adviser of both the Top
Fund and the Underlying Fund; (iii) that the Top Fund will invest substantially all of its assets in the Underlying Fund; (iv) each officer, director or substantial security holder of the Filer, or its affiliate, or of a Top Fund that
also has a significant interest in the Underlying Fund, the approximate amount of the significant interest they hold, on an aggregate basis, expressed as a percentage of the NAV of the Underlying Fund, and the potential conflicts of interest which may arise from such relationships;
(v) the fees and expenses payable by the Underlying Fund that the Top Fund invests in, including any
incentive fees or profit allocations or other allocations; (vi) that the investor may receive from the Filer or its affiliate, on request and free of charge, a copy of
the offering memorandum or other similar disclosure document of the Underlying Fund; and (vii) that the investor may receive from the Filer or its affiliate, on request and free of charge, the annual
or semi-annual financial statements relating to the Underlying Fund in which the Top Fund invests.
3. in respect of the In specie Relief: (a) where an Initial Top LP purchases securities of its corresponding Initial Underlying Fund and the Initial
Underlying Fund receives portfolio securities from the Initial Top LP as payment: (i) the Initial Underlying Fund would, at the time of payment, be permitted to purchase the portfolio
securities; (ii) the portfolio securities are acceptable to the Filer, as portfolio adviser to the Initial Underlying Fund,
and are consistent with the investment objective of the Initial Underlying Fund; (iii) the value of the portfolio securities is at least equal to the issue price of the securities of the Initial
Underlying Fund for which they are payment, valued as if the securities were portfolio assets of the Initial Underlying Fund; and
(iv) each Initial Underlying Fund will keep written records of each In specie Transaction in a financial year
of such Initial Underlying Fund, reflecting the details of portfolio securities delivered to such Fund and the value assigned to such portfolio securities, for a period of five years after the end of the fiscal year, the most recent two years in a reasonably accessible place;
(b) where a Top Fund redeems securities of an Underlying Fund and the Top Fund receives portfolio securities
from the Underlying Fund as payment: (i) the Top Fund would, at the time of payment, be permitted to purchase the portfolio securities; (ii) the portfolio securities are acceptable to the Filer, as portfolio adviser to the Top Fund, and are
consistent with the investment objective of the Top Fund; (iii) the value of the portfolio securities is equal to the amount at which those portfolio securities were
valued by the Underlying Fund in calculating the NAV per security of the Underlying Fund used to establish the redemption price of the securities of the Underlying Fund redeemed by the Top Fund; and
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11472
(iv) each Underlying Fund will keep written records of each In specie Transaction in a financial year of such Underlying Fund, reflecting the details of portfolio securities delivered by such Fund and the value assigned to such portfolio securities, for a period of five years after the end of the fiscal year, the most recent two years in a reasonably accessible place;
(c) where an Associate redeems securities of a Top Fund and receives portfolio securities of the Top Fund,
including portfolio securities that were portfolio securities of the corresponding Underlying Fund received by the Top Fund as redemption proceeds:
(i) the value of the portfolio securities is equal to the amount at which those portfolio securities were
valued by the Top Fund in calculating the NAV per security of the Top Fund used to establish the redemption price of the securities of the Top Fund redeemed by the Associate;
(ii) each Top Fund will keep written records of each In specie Transaction in a financial year of such Top
Fund, reflecting the details of portfolio securities delivered by such Fund and the value assigned to such portfolio securities, for a period of five years after the end of the fiscal year, the most recent two years in a reasonably accessible place; and
(d) the Filer does not receive any compensation in respect of the In specie Transaction and, in respect of the
delivery of securities under the In specie Transaction, the only charge paid by the Fund may be a commission charged by the dealer executing the trade and/or any administrative charges levied by a prime broker.
The Consent Relief and In specie Relief “Raymond Chan” Manager, Investment Funds Ontario Securities Commission The Related Issuer Relief “AnneMarie Ryan” Commissioner Ontario Securities Commission “Judith N. Robertson” Commissioner Ontario Securities Commission
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11473
2.1.9 Cayden Resources Inc. – s. 1(10)(a)(ii) Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – Issuer deemed to no longer be a reporting issuer under securities legislation. Applicable Legislative Provisions Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii). December 22, 2014 Cayden Resources Inc. c/o Lawson Lundell LLP Suite 1600 Cathedral Place 925 West Georgia Street Vancouver, BC Y6C3L2 Attn: R. Gregory Laing, Vice President and Davies Ward Phillips & Vineberg LLP 155 Wellington Street West Toronto, ON M5V 3J7 Attn: Ben Howard Dear Sirs: Re: Cayden Resources Inc. (the Applicant) –
application for a Decision under the securities legislation of the Provinces of Ontario, Alberta, Saskatchewan, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island (the Jurisdictions) that the Applicant is not a reporting issuer
The Applicant has applied to the local securities regulatory authority or regulator (the Decision Maker) in each of the Jurisdictions for a decision under the securities legislation (the Legislation) of the Jurisdictions that the Applicant is not a reporting issuer. In this decision, “securityholder” means, for a security, the beneficial owner of the security. The Applicant has represented to the Decision Makers that:
(a) the outstanding securities of the Appli-cant, including debt securities, are bene-ficially owned, directly or indirectly, by fewer than 15 securityholders in each of the jurisdictions of Canada and fewer than 51 securityholders in total world-wide;
(b) no securities of the Applicant, including
debt securities, are traded in Canada or another country on a marketplace as defined in National Instrument 21-101 Marketplace Operation or any other facility for bringing together buyers and
sellers of securities where trading data is publicly reported;
(c) the Applicant is applying for a decision
that it is not a reporting issuer in all of the jurisdictions of Canada in which it is currently a reporting issuer; and
(d) the Applicant is not in default of any of its
obligations under the Legislation as a reporting issuer.
Each of the Decision Makers is satisfied that the test contained in the Legislation that provides the Decision Maker with the jurisdiction to make the decision has been met and orders that the Applicant is not a reporting issuer. “Shannon O’Hearn” Manager, Corporate Finance Ontario Securities Commission
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11474
2.2 Orders 2.2.1 Quadrexx Hedge Capital Management Ltd. et
al. – Rules 1.7.4 and 11 of the OSC Rules of Procedure
IN THE MATTER OF
THE SECURITIES ACT, R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF
QUADREXX HEDGE CAPITAL MANAGEMENT LTD., QUADREXX SECURED ASSETS INC., MIKLOS NAGY and TONY SANFELICE
ORDER
(Rules 1.7.4 and 11 of the Ontario Securities Commission Rules of Procedure
(2014), 37 O.S.C.B. 4168)\ WHEREAS on January 31, 2014, 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 dated January 30, 2014 with respect to Quadrexx Hedge Capital Management Ltd. (“QHCM”), Quadrexx Secured Assets Inc. (“QSA”), Miklos Nagy (“Nagy”) and Tony Sanfelice (“Sanfelice”) (collectively, the “Respondents”); AND WHEREAS on February 20, 2014, Staff of the Commission (“Staff”) filed an affidavit of Sharon Nicolaides sworn February 19, 2014 setting out Staff’s service of the Notice of Hearing dated January 31, 2014 and Staff’s Statement of Allegations dated January 30, 2014 on counsel for the Respondents; AND WHEREAS on February 20, 2014, Staff advised that Staff sent out the initial electronic disclosure of approximately 14,000 documents to counsel for the Respondents; AND WHEREAS on February 20, 2014, the Commission ordered the hearing be adjourned to April 17, 2014 at 9:30 a.m. for the purpose of scheduling a date for a confidential pre-hearing conference as may be appropriate; AND WHEREAS on April 17, 2014, Staff, counsel for QHCM, QSA and Nagy and counsel for Sanfelice attended before the Commission; AND WHEREAS on April 17, 2014, Staff advised the Commission of a correction to be made regarding the initial electronic disclosure made on February 20, 2014, in that disclosure was made of approximately 14,000 pages of documents rather than of approximately 14,000 documents; AND WHEREAS on April 17, 2014, Staff further advised the Commission that it had recently sent out
electronic disclosure of a further 6,800 pages of documents and advised that disclosure by Staff is not yet complete; AND WHEREAS on April 17, 2014, the Commission ordered that the hearing be adjourned to a confidential pre-hearing conference to be held on September 5, 2014 at 10:00 a.m; AND WHEREAS on August 20, 2014, Nagy’s counsel advised the Commission that Nagy was no longer available to attend the pre-hearing conference scheduled for September 5, 2014 as he would be out of the country until September 19, 2014 because of the ailing health of a family member living abroad and that Nagy’s counsel was not available thereafter until the week of October 13, 2014; AND WHEREAS on August 20, 2014, on the consent of the Respondents and Staff, the Commission ordered that the confidential pre-hearing conference scheduled for September 5, 2014 be adjourned to October 15, 2014 at 9:00 a.m; AND WHEREAS on October 15, 2014, the parties attended a confidential pre-hearing conference in this matter; AND WHEREAS on October 15, 2014, the Commission ordered this matter be adjourned to a further confidential pre-hearing conference to be held on February 26, 2015 at 10:00 a.m.; AND WHEREAS on October 15, 2014, the Commission further ordered that the hearing on the merits in this matter shall commence on April 20, 2015 at 10:00 a.m. and shall continue on April 22, 23, 24, 27, 28, 29, 30 and May 1, 4, 6, 7, 8, 11, 12, 13, 14 and 15, 2015 commencing at 10:00 a.m. on each day; AND WHEREAS on December 5, 2014, Sean Zaboroski, the representative for the respondents Quadrexx Hedge Capital Management Ltd., Quadrexx Secured Assets Inc. and Miklos Nagy, filed a notice of motion pursuant to Rule 1.7.4 of the Commission’s Rules of Procedure (2014), 37 O.S.C.B. 4168 for leave to withdraw as representative for the Respondents and requesting that the motion be heard in writing (the “Withdrawal Motion”); AND WHEREAS the respondents Quadrexx Hedge Capital Management Ltd., Quadrexx Secured Assets Inc. and Miklos Nagy have consented to Sean Zaboroski withdrawing as their representative and state that they intend to represent themselves; AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order; IT IS ORDERED that the Withdrawal Motion be heard in writing; and IT IS FURTHER ORDERED THAT Sean Zaboroski is granted leave to withdraw as representative for the respondents Quadrexx Hedge Capital Management Ltd., Quadrexx Secured Assets Inc. and Miklos Nagy.
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11475
DATED at Toronto this 16th day of December, 2014. “Christopher Portner”
2.2.2 Global Autotrading Inc. and Jimmy Talbot – s. 144(1)
Headnote Application under section 144 of the Securities Act (Ontario) (Act) to further vary a temporary order exempting the Filer from the requirements of paragraph 25(3) of the Act subject to certain conditions, for investment advice provided to persons or entities who are resident in the United States with respect to securities of U.S. issuers. Applicable Legislative Provisions Securities Act, R.S.O. 1990, c. S.5, as am., ss. 25(3), 144.
December 16, 2014
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, CHAPTER S.5, AS AMENDED (the Act)
AND
IN THE MATTER OF
GLOBAL AUTOTRADING INC. (the Filer) AND JIMMY TALBOT
VARIATION ORDER
(Subsection 144(1) of the Act) WHEREAS the Ontario Securities Commission (Commission) issued an order (Previous Relief) dated December 20, 2013 pursuant to section 74(1) of the Act for an exemption from the adviser registration requirement in section 25(3) of the Act; AND WHEREAS the Commission has received an application from the Filer pursuant to section 144 of the Act requesting that the Commission vary the Previous Relief to extend the termination date of the Previous Relief from December 20, 2014 to December 31, 2015; AND WHEREAS the Commission has been advised that the Filer continues to work with staff of the Commission to register the Filer under a category set out in National Instrument 31-103 – Registration Requirements, Exemptions and Ongoing Registrants such that the Previous Relief would not be required; AND WHEREAS the Commission has determined that it is not prejudicial to the public interest to issue this order that varies the Previous Relief in the manner contemplated above; IT IS ORDERED pursuant to section 144 of the Act, that the Previous Relief, be varied by replacing “the Exemption Sought shall terminate on the date that is one year after the date of this decision” to “the Exemption Sought shall terminate on December 31, 2015”.
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11476
“Sarah B. Kavanagh” Commissioner Ontario Securities Commission “Catherine Bateman” Commissioner Ontario Securities Commission
2.2.3 Powerwater Systems, Inc. et al. – ss. 127(1), 127(10)
IN THE MATTER OF
THE SECURITIES ACT, R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF
POWERWATER SYSTEMS, INC., DUNCAN CLEWORTH and POWERWATER USA LTD.
ORDER
(Subsections 127(1) and 127(10) of the Securities Act) WHEREAS on May 14, 2014, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to subsections 127(1) and 127(10) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) in respect of Powerwater Systems, Inc., (“PSI”), Duncan Cleworth (“Cleworth”) and Powerwater USA Ltd. (“PUL”) (together, the “Respondents”); AND WHEREAS on May 14, 2014, Staff of the Commission (“Staff”) filed a Statement of Allegations in respect of the same matter; AND WHEREAS on June 26, 2014, the Commission heard an application by Staff to convert the matter to a written hearing (the “Application”), in accordance with Rule 11.5 of the Commission’s Rules of Procedure (2014), 37 OSCB 4095, and subsection 5.1(2) of the Statutory Powers Procedure Act, R.S.O. 1990, c. S.22, as amended; AND WHEREAS the Respondents consented to the Application as indicated by their written consent, filed; AND WHEREAS Staff and the Respondents agreed upon a timetable for the submission of written hearing materials, subject to the Commission’s approval; AND WHEREAS on June 26, 2014, the Commission granted Staff’s application to proceed by way of written hearing, pursuant to Rule 11 of the Rules of Procedure and set down a schedule for the submission of materials, without the necessity for an attendance of the Respondents; AND WHEREAS Staff filed written submissions, a brief of authorities, a hearing brief, supplementary written submissions, a supplementary brief of authorities, and affidavits of service; AND WHEREAS on August 29, 2014, the Respondents requested an extension of time to file their responding materials, and Staff consented to the Respondents’ request; AND WHEREAS on September 8, 2014, the Commission ordered that
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11477
(a) the Respondents’ responding materials, if any, shall be served and filed no later than November 10, 2014; and
(b) Staff’s reply materials, if any, shall be
served and filed no later than November 17, 2014;
AND WHEREAS on November 7, 2014, following a request from the Respondents for a second extension of time to file their responding materials, and with Staff taking no position, the Commission ordered that
(a) the Respondents’ responding materials, if any, shall be served and filed no later than November 28, 2014; and
(b) Staff’s reply materials, if any, shall be
served and filed no later than December 12, 2014;
AND WHEREAS the Respondents filed responding materials on November 28, 2014, and, among other matters, requested to continue this matter as an oral hearing and requested additional time to consider whether they wished to file additional affidavit evidence; AND WHEREAS Staff consented to these requests; AND WHEREAS on December 11, 2014, Staff and counsel to the Respondents appeared and made submissions before 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) pursuant to Rule 11.5 of the Commission’s Rules of Procedure, this matter shall continue as an oral hearing;
(b) any additional affidavit evidence from the
Respondents shall be served and filed no later than January 23, 2015;
(c) any additional affidavit evidence from
Staff shall be served and filed no later than February 4, 2015;
(d) an oral hearing in this matter shall be
held on February 9, 2015; (e) at the hearing, the Respondents and
Staff shall have the right to cross-examine any affiant(s) and make oral submissions; and
(f) following the hearing, the Respondents
and Staff shall have the right to serve and file written closing submissions.
DATED at Toronto this 11th day of December, 2014. “James E. A. Turner”
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11478
2.2.4 SEMAFO Inc. and Orbis Gold Limited – s. 104(2)(c)
Headnote Application under Section 104(2)(c) of the Securities Act (Ontario) – exemption from sections 93.1-99 of the Securities Act (Ontario) – take-over bid by offeror, a Canadian company, for an Australian target company that is publicly listed in Australia and that is not a reporting issuer in any Canadian jurisdiction – other than offeror, the Australian target company has two shareholders in Ontario, each a sophisticated shareholder, holding an aggregate of 18.72% of shares outstanding – offer to be subject to laws of Australia and the Australian Stock Exchange – security holders in Ontario to receive same information and participate on same terms – security holders in Ontario were informed of the offeror's application for relief – Commission granted relief – all shareholders treated equally. Statutes Cited Securities Act, R.S.O. 1990, c. S.5, as am.
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, CHAPTER S.5, AS AMENDED
AND
IN THE MATTER OF SEMAFO INC. AND ORBIS GOLD LIMITED
ORDER
(Section 104(2)(c)) UPON the application of SEMAFO Inc. (the “Filer”) to the Ontario Securities Commission (the “Commission”) for an order (the “Order”) pursuant to Section 104(2)(c) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) exempting the Filer from the requirements of Sections 93-99.1 of the Act (the “Take Over Bid Requirements”) as they would otherwise apply to an intended cash offer (the “Offer”) announced on October 15, 2014 (in Canada)/October 16, 2014 (in Australia) by the Filer by way of a press release to acquire all of the issued share capital of Orbis Gold Limited (the “Target”) not already owned by the Filer; AND UPON considering the application and the recommendation of the staff of the Commission; AND UPON the Filer having represented to the Commission that: 1. The Filer is a corporation incorporated under the
laws of the Province of Québec with its head office located in Montreal, Québec.
2. The Filer is a reporting issuer in the Provinces of
British Columbia, Alberta, Ontario and Québec.
3. The common shares of the Filer are listed on the Toronto Stock Exchange in Canada and the NASDAQ OMX Stockholm exchange in Sweden, in each case under the symbol “SMF”.
4. The Filer owns 5,000 ordinary shares in the
capital of the Target. 5. The Filer is not in default of any requirement of
securities legislation in the Provinces of British Columbia, Alberta, Ontario and Québec.
6. The information herein concerning the Target and
the Subject Shareholders (as defined below) has been obtained from publicly available information and therefore the Filer is not in a position to make any representations regarding such information.
7. The Filer believes that the information herein
concerning the Target and the Subject Shareholders is true.
8. The Target is an Australian incorporated company
having its registered address in Brisbane, Australia. The Target is an Australian-based resource company focussed on the discovery and development of gold projects in the Birimian Gold Province of West Africa and elsewhere.
9. The ordinary shares of the Target (the “Target
Shares”) are listed on the official list of ASX Limited (“ASX”) under the symbol “OBS”. The only published market on which the Target Shares have traded during the 12 months immediately preceding the date hereof is the ASX. The Target Shares have not traded on a published market in Canada.
10. Based upon the Target’s 2014 annual report, as at
September 19, 2014, the Target had an outstanding share capital of 249,886,056 Target Shares.
11. The Target is not a reporting issuer in any
Canadian province or territory. 12. On October 15, 2014 (in Canada)/October 16,
2014 (in Australia), the Filer announced the Offer by way of a press release disseminated through media sources in Australia and lodged with the ASX.
13. Under the terms of the Offer, shareholders of the
Target will receive AUD$0.65 in cash for each Target Share that they tender to the Offer.
14. The Filer intends to publish and mail a Bidder’s
Statement (the “Bidder’s Statement”) to all holders of Target Shares as soon as practicable and, in any event is required to publish and mail a Bidder’s Statement to all holders of Target Shares by no later than December 14, 2014 (in Canada)/December 15, 2014 (in Australia) (being
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11479
within two months of announcing the intention to make the Offer). The Bidder’s Statement will be completed and mailed and the Offer will be made in compliance with the laws of Australia, including the rules and regulations of the Australian Securities and Investments Commission (“ASIC”), the Australian Corporations Act 2001 (Cth) and the Australian Corporations Regulations 2001 (Cth). The Bidder’s Statement will include a full description of the Offer, including required information as to the (i) Filer, (ii) Target, (iii) background and reasons for the Offer, and (iv) terms and conditions of the Offer. The Bidder’s Statement and other material relating to the Offer sent by or on behalf of the Filer to holders of Target Shares will be in English.
15. The Offer is subject to a number of conditions,
including regulatory approvals and a minimum acceptance condition of 50.1% of the Target Shares, which condition may be waived at the Filer’s sole discretion.
16. The Offer will be open for acceptance for a period
of not less than one month following the mailing of the Bidder’s Statement to shareholders of the Target, as is required by applicable Australian law.
17. The Offer will be governed by Australian law and
will be subject to the jurisdiction of the Australian courts. The Offer will be subject to legal and regulatory requirements, including the rules and regulations of ASIC, the Australian Corporations Act 2001 (Cth) and the Australian Corporations Regulations 2001 (Cth).
18. The Offer constitutes a “take-over bid” under the
definition of such term in Section 89(1) of the Act as certain holders of Target Shares are in Ontario. The Offer is therefore subject to the Take Over Bid Requirements unless otherwise exempted.
19. In response to a request made by the Filer on
October 14, 2014, the Target provided a copy of the share register maintained by Link Market Services Limited, the transfer agent for the Target, to the Filer on October 21, 2014. Such share register indicates that there are no registered shareholders of the Target in Canada and, to the best of the knowledge of the Filer as of November 17, 2014, there are no shareholders of the Target whose last address shown on the books of the Target is in Canada.
20. Notwithstanding the share register, based upon
the Target’s 2014 Annual Report and publicly available substantial shareholder notices filed with the ASX, Goodman & Company, Investment Counsel Inc., a subsidiary of Dundee Corporation (“Goodman”), and 1832 Asset Management L.P., a wholly-owned affiliate of The Bank of Nova Scotia (“1832AMLP” and together with Goodman, the “Subject Shareholders”), are the beneficial
owners of 20,400,000 Target Shares and 26,400,000 Target Shares, respectively, repre-senting, in the aggregate, 18.7% of the issued and outstanding Target Shares as at September 19, 2014.
21. Goodman is an Ontario based corporation having
its head office in Toronto, Ontario. 22. Goodman is registered with the Commission as an
exempt market dealer, investment fund manager and portfolio manager.
23. The 20,400,000 Target Shares beneficially owned
by Goodman represent 8.16% of the issued and outstanding Target Shares as at September 19, 2014.
24. 1832AMLP is a limited partnership formed under
the laws of the Province of Ontario and its head office is located in Toronto, Ontario. Its general partner is wholly-owned by The Bank of Nova Scotia.
25. 1832AMLP is registered with the Commission as
an exempt market dealer, investment fund manager, portfolio manager and commodity trading manager.
26. The 26,400,000 Target Shares beneficially owned
by 1832AMLP represent 10.56% of the issued and outstanding Target Shares as at September 19, 2014.
27. Offers under an off-market take-over bid made in
accordance with applicable Australian law are made to those holders of Target Shares shown on the register of shareholders as at the relevant “register date” set for the take-over bid. The Filer has complied with Australian law in requesting and obtaining a copy of the Target’s share register showing all of the registered holders of Target Shares.
28. Information in relation to beneficial ownership of
Target Shares is only made readily publicly available when a shareholder becomes a “substantial holder” under applicable Australian law (that is, the shareholder has voting power greater than 5% in the target company).
29. To the best of the Filer’s knowledge as of
November 17, 2014, the Filer reasonably believes that, other than Goodman and 1832AMLP, there are no other beneficial holders of Target Shares in Ontario or elsewhere in Canada.
30. To the best of the Filer’s knowledge as of
November 17, 2014, the Target has not conducted any prospectus exempt offerings in Canada.
31. The Filer has communicated with each of the
Subject Shareholders in order to notify the Subject
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11480
Shareholders of the Filer’s application for exemptive relief from the requirements in sections 93-99.1 of the Securities Act (Ontario) in connection with the Offer.
32. The Offer and any amendments to the Offer will
be made in compliance with the laws of Australia, including the rules and regulations of ASIC, the Australian Corporations Act 2001 (Cth) and the Australian Corporations Regulations 2001 (Cth).
33. Canadian holders of Target Shares will be entitled
to participate in the Offer on terms at least as favourable as the terms that apply to the general body of holders of Target Shares.
34. At the same time as the Bidder’s Statement and
other material relating to the bid is sent by or on behalf of the Filer to holders of Target Shares resident in Australia, the material will be filed and sent to holders of Target Shares whose last address as shown on the share register of the Target is in Canada.
AND UPON the Commission being satisfied that it would not be prejudicial to the public interest for the Commission to grant the Order; IT IS ORDERED, pursuant to Section 104(2)(c) of the Act, that the Filer be exempt from the Take Over Bid Requirements in connection with the Offer provided that:
(i) the Offer and any amendments to the Offer are made in compliance with the laws of Australia, including the rules and regulations of ASIC, the Australian Corporations Act 2001 (Cth) and Australian Corporations Regulations 2001 (Cth);
(ii) the Bidder’s Statement is published and
mailed to holders of Target Shares no later than December 14, 2014 (in Canada)/December 15, 2014 (in Australia);
(iii) Canadian holders of Target Shares are
entitled to participate in the Offer and any amendments to the Offer on terms at least as favourable as the terms that apply to the general body of holders of Target Shares; and
(iv) at the same time as the Bidder’s
Statement and other material relating to the Offer are sent by or on behalf of the Filer to holders of Target Shares resident in Australia, the material is filed with the Commission and sent to holders of Target Shares whose last address as shown on the share register of the Target is in Canada.
DATED this 18th day of November, 2014. “Christopher Portner” Commissioner Ontario Securities Commission “Judith Robertson” Commissioner Ontario Securities Commission
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11481
2.2.5 Magna International Inc. – s. 104(2)(c) Headnote Subsection 104(2)(c) of the Act – Issuer bid – relief from issuer bid requirements in sections 94 to 94.8 and 97 to 98.7 of the Act – Issuer proposes to purchase, at a discounted purchase price, up to 430,000 of its common shares from one of its shareholders – due to the discounted purchase price, proposed purchases cannot be made through the TSX trading system – but for the fact that the proposed purchases cannot be made through the TSX trading system, the Issuer could otherwise acquire the subject shares in reliance upon the issuer bid exemption available under section 101.2 of the Act and in accordance with the TSX rules governing normal course issuer bid purchases – the selling shareholder did not purchase the subject shares in anticipation or contemplation of resale to the Issuer and has not, for a minimum of 30 days prior to the date of the application seeking the requested relief, purchased common shares of the Issuer in anticipation or contemplation of resale to the Issuer – no adverse economic impact on, or prejudice to, the Issuer or public shareholders – proposed purchases exempt from the issuer bid requirements in sections 94 to 94.8 and 97 to 98.7 of the Act, subject to conditions, including that the Issuer not purchase, in the aggregate, more than one-third of the maximum number of shares to be purchased under its normal course issuer bid by way of off-exchange block purchases, and that the Issuer will not make any proposed purchase unless it has first obtained written confirmation that the selling shareholder has not purchased common shares of the Issuer on the open market between the date of the order and the date on which the proposed purchase is completed. Statutes Cited Securities Act, R.S.O. 1990, c. S.5, as am., ss. 94 to 94.8,
97 to 98.7, 104(2)(c).
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF MAGNA INTERNATIONAL INC.
ORDER
(Clause 104(2)(c)) UPON the application (the “Application”) of Magna International Inc. (the “Issuer”) to the Ontario Securities Commission (the “Commission”) for an order pursuant to clause 104(2)(c) of the Securities Act (Ontario) (the “Act”) exempting the Issuer from the requirements of sections 94 to 94.8, inclusive, and sections 97 to 98.7, inclusive, of the Act (the “Issuer Bid Requirements”) in connection with the proposed purchases by the Issuer of up to 430,000 common shares of the Issuer (collectively,
the “Subject Shares”) in one or more tranches, from Bank of Montreal (the “Selling Shareholder”); AND UPON considering the Application and the recommendation of staff of the Commission; AND UPON the Issuer (and the Selling Shareholder in respect of paragraphs 5, 6, 7, 8, 9, 11, 22 and 23 as they relate to the Selling Shareholder) having represented to the Commission that: 1. The Issuer is a corporation governed by the
Business Corporations Act (Ontario). 2. The registered and head office of the Issuer is
located at 337 Magna Drive, Aurora, Ontario, L4G 7K1.
3. The Issuer is a reporting issuer in each of the
provinces of Canada and its common shares (the “Common Shares”) are listed for trading on the TSX and the New York Stock Exchange (“NYSE”) under the symbols “MG” and “MGA”, respectively. The Issuer is not in default of any requirement of the securities legislation in the jurisdictions in which it is a reporting issuer.
4. The authorized share capital of the Issuer consists
of an unlimited number of Common Shares, of which 207,354,943 are issued and outstanding as of November 6, 2014, and 99,760,000 preference shares (“Preference Shares”) issuable in series. As of November 6, 2014, no Preference Shares are issued or outstanding.
5. The corporate headquarters of the Selling
Shareholder are located in the Province of Ontario. The trades contemplated by this application will be executed and settled in the Province of Ontario.
6. The Selling Shareholder does not, directly or
indirectly, own more than 5% of the issued and outstanding Common Shares.
7. The Selling Shareholder is the beneficial owner of
at least 430,000 Common Shares. None of the Subject Shares were acquired by, or on behalf of, the Selling Shareholder in anticipation or contemplation of resale to the Issuer.
8. No Common Shares were purchased by, or on
behalf of, the Selling Shareholder on or after October 11, 2014, being the date that was 30 days prior to the date of the application of the Issuer seeking this Order, in anticipation or contemplation of a sale of Common Shares to the Issuer.
9. The Selling Shareholder is at arm’s length to the
Issuer and is not an “insider” of the Issuer or an “associate” of an “insider” of the Issuer, or an “associate” or “affiliate” of the Issuer, as such
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terms are defined in the Act. The Selling Shareholder is an “accredited investor” within the meaning of National Instrument 45-106 – Prospectus and Registration Exemptions.
10. Pursuant to a Normal Course Issuer Bid (the
“Notice”) accepted by the TSX effective November 11, 2014, the Issuer was permitted to make a normal course issuer bid (the “Normal Course Issuer Bid”) to purchase up to 20,000,000 Common Shares, representing approximately 9.7% of the Issuer’s public float of Common Shares. The Notice specifies that purchases under the Normal Course Issuer Bid will be conducted through the facilities of the TSX and purchases may also be made on the NYSE or through other published markets or by such other means as may be permitted by the TSX and/or the NYSE, or a securities regulatory authority in accordance with sections 628 to 629.3 of Part VI of the TSX Company Manual (the “TSX NCIB Rules”), including by private agreements under issuer bid exemption orders issued by a securities regulatory authority (each, an “Off-Exchange Block Purchase”).
11. The Issuer and the Selling Shareholder intend to
enter into one or more agreements of purchase and sale (each, an “Agreement”), pursuant to which the Issuer will, subject to market conditions, agree to acquire some or all of the Subject Shares from the Selling Shareholder in one or more tranches, such tranches to occur not more than once per calendar week, each to occur prior to November 12, 2015 (each such purchase, a “Proposed Purchase”) for a purchase price (each such price, a “Purchase Price” in respect of such Proposed Purchase) that will be negotiated at arm’s length between the Issuer and the Selling Shareholder. The Purchase Price, in each case, will be at a discount to the prevailing market price and below the bid-ask price for the Common Shares on the TSX at the time of each Proposed Purchase.
12. The Subject Shares acquired under each
Proposed Purchase will constitute a “block”, as that term is defined in section 628 of the TSX NCIB Rules.
13. The purchase of any of the Subject Shares by the
Issuer pursuant to an Agreement will constitute an “issuer bid” for the purposes of the Act, to which the Issuer Bid Requirements would apply.
14. Because the Purchase Price, in each case, will be
at a discount to the prevailing market price and below the bid-ask price for the Common Shares on the TSX at the time of each Proposed Purchase, none of the Proposed Purchases can be made through the TSX trading system and, therefore, will not occur “through the facilities” of the TSX. As a result, the Issuer will be unable to
acquire the Subject Shares from the Selling Shareholder in reliance upon the exemption from the Issuer Bid Requirements that is available pursuant to subsection 101.2(1) of the Act.
15. But for the fact that the Purchase Price will be at a
discount to the prevailing market price and below the bid-ask price for the Common Shares on the TSX, at the time of each Proposed Purchase, the Issuer could otherwise acquire the Subject Shares through the facilities of the TSX as a “block purchase” (a “Block Purchase”) in accordance with the block purchase exception in section 629(l)(7) of the TSX NCIB Rules and the exemption from the Issuer Bid Requirements that is available pursuant to subsection 101.2(1) of the Act.
16. The sale of any of the Subject Shares to the
Issuer will not be a “distribution” (as defined in the Act).
17. For each Proposed Purchase, the Issuer will be
able to acquire the applicable Subject Shares from the Selling Shareholder without the Issuer being subject to the dealer registration requirements of the Act.
18. Management of the Issuer is of the view that: (a)
the Issuer will be able to purchase the Subject Shares at a lower price than the price at which it would be able to purchase Common Shares under the Normal Course Issuer Bid in accordance with the TSX NCIB Rules and the exemption from the Issuer Bid Requirements available pursuant to subsection 101.2(1) of the Act; and (b) the Proposed Purchases are an appropriate use of the Issuer’s funds.
19. The purchase of the Subject Shares will not
adversely affect the Issuer or the rights of any of the Issuer’s security holders and it will not materially affect the control of the Issuer. To the knowledge of the Issuer, the Proposed Purchases will not prejudice the ability of other security holders of the Issuer to otherwise sell Common Shares in the open market at the then prevailing market price. The Proposed Purchases will be carried out at minimal cost to the Issuer.
20. To the best of the Issuer’s knowledge, as of
November 6, 2014, the “public float” for the Issuer’s Common Shares represented approximately 99.5% of all issued and outstanding Common Shares for purposes of the TSX NCIB Rules.
21. The Common Shares are “highly-liquid securities”
within the meaning of section 1.1 of OSC Rule 48-501 Trading during Distributions, Formal Bids and Share Exchange Transactions and section 1.1 of the Universal Market Integrity Rules.
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22. Other than the Purchase Price, no fee or other consideration will be paid by the Issuer in connection with the Proposed Purchases.
23. At the time that each Agreement is entered into by
the Issuer and the Selling Shareholder and at the time of each Proposed Purchase, neither the Issuer, nor any member of the trading products group of the Selling Shareholder, nor any personnel of, the Selling Shareholder that negotiated the Agreement or made, participated in the making of, or provided advice in connection with, the decision to enter into the Agreement and sell the Subject Shares, will be aware of any “material change” or “material fact” (each as defined in the Act) in respect of the Issuer that has not been generally disclosed.
24. The Issuer may amend its automatic share
purchase plan (the “Plan”) to permit the Issuer to make purchases under its Normal Course Issuer Bid at such times when the Issuer would not be permitted to trade in its Common Shares during internal blackout periods, including regularly scheduled quarterly blackout periods. The Issuer will instruct the broker under the Plan not to conduct a Block Purchase in accordance with the TSX NCIB Rules during the calendar week in which the Issuer completes a Proposed Purchase. No Subject Shares will be acquired under the Plan or otherwise during the Issuer’s blackout periods.
25. The Issuer will not purchase, pursuant to Off-
Exchange Block Purchases, in aggregate, more than one-third of the maximum number of Common Shares that the Issuer can purchase under the Normal Course Issuer Bid, such one-third being equal to 6,666,666 Common Shares as of the date of this Order.
26. To date, the Issuer has not purchased any
Common Shares under the Normal Course Issuer Bid pursuant to Off-Exchange Block Purchases.
AND UPON the Commission being satisfied to do so would not be prejudicial to the public interest; IT IS ORDERED pursuant to clause 104(2)(c) of the Act that the Issuer be exempt from the Issuer Bid Requirements in connection with the Proposed Purchases, provided that:
(a) the Proposed Purchases will be taken into account by the Issuer when calcu-lating the maximum annual aggregate limit that is imposed upon the Issuer’s Normal Course Issuer Bid in accordance with the TSX NCIB Rules;
(b) the Issuer will refrain from conducting a
Block Purchase in accordance with the TSX NCIB Rules or an Off-Exchange Block Purchase during the calendar week
in which it completes a Proposed Purchase and will not make any further purchases under its Normal Course Issuer Bid for the remainder of the calendar day on which it completes a Proposed Purchase;
(c) the Purchase Price in respect of each
Proposed Purchase will be at a discount to the last “independent trade” (as that term is used in paragraph 629(l)1 of the TSX NCIB Rules) of a board lot of Common Shares immediately prior to the execution of such Proposed Purchase;
(d) the Issuer will otherwise acquire any
additional Common Shares pursuant to the Issuer’s Normal Course Issuer Bid in accordance with the Notice and the TSX NCIB Rules, including by means of open market transactions and by other means as may be permitted by the TSX, subject to condition (i) below, by Off-Exchange Block Purchases;
(e) immediately following each Proposed
Purchase of Subject Shares from the Selling Shareholder, the Issuer will report the purchase of Subject Shares to the TSX;
(f) at the time that each Agreement is
entered into by the Issuer and the Selling Shareholder and at the time of each Proposed Purchase, neither the Issuer, nor any member of the trading products group of the Selling Shareholder, nor any personnel of the Selling Shareholder that negotiated the Agreement or made, participated in the making of, or provided advice in connection with, the decision to enter into the Agreement and sell the Subject Shares, will be aware of any “material change” or “material fact” (each as defined in the Act) in respect of the Issuer that has not been generally disclosed;
(g) the Issuer will issue a press release
disclosing (i) its intention to make the Proposed Purchases, and where such Proposed Purchases are made in tranches, in advance of the first tranche purchased from the Selling Shareholder, and (ii) that information regarding each Proposed Purchase, including the number of Common Shares purchased and the aggregate Purchase Price, will be available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) following the completion of each Proposed Purchase;
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(h) the Issuer will report information regarding each Proposed Purchase, including the number of Common Shares purchased and the aggregate Purchase Price, on SEDAR before 5:00 p.m. (Toronto time) on the business day following such purchase;
(i) the Issuer does not purchase, pursuant
to Off-Exchange Block Purchases, in the aggregate more than one-third of the maximum number of Common Shares the Issuer can purchase under its Normal Course Issuer Bid, such one-third being equal to, as of the date of this Order, 6,666,666 Common Shares; and
(j) the Issuer will not make any Proposed
Purchase unless it has first obtained confirmation in writing that between the date of this Order and the date on which such Proposed Purchase is to be completed, the Selling Shareholder has not purchased, had purchased on its behalf, or otherwise accumulated, any Common Shares on the facilities of the TSX or any other published market.
DATED at Toronto this 25th day of November, 2014. “Edward P. Kerwin” Commissioner Ontario Securities Commission “Christopher Portner” Commissioner Ontario Securities Commission
2.2.6 Crown Life Canada Ltd. – s. 74(1) Headnote Application for relief from the prospectus requirement in respect of a distribution by an issuer to shareholders of the issuer of shares of a wholly-owned subsidiary as an in specie dividend or distribution out of earnings, surplus, capital or other sources on a pro rata basis – relief granted provided that the first trade of any shares of the subsidiary acquired by a shareholder of the issuer in reliance on this order is a deemed distribution unless certain resale conditions are satisfied. Applicable Legislative Provisions Securities Act, R.S.O. 1990, c. S.5, as am., ss. 53, 74(1). National Instrument 45-102 Resale of Securities. National Instrument 45-106 Prospectus and Registration
Exemptions.
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, CHAPTER S.5, AS AMENDED (the “Act”)
AND
IN THE MATTER OF
CROWN LIFE CANADA LTD (the “Corporation”)
ORDER
(Section 74(1))
WHEREAS the Corporation has applied to the Ontario Securities Commission (the “Commission”) for an exemption from the prospectus requirement under section 53 of the Securities Act (Ontario) (the “Act”) in respect of a distribution by the Corporation to shareholders of the Corporation of shares of Crown Amalco (as hereinafter defined) as an in specie dividend or distribution out of earnings, surplus, capital or other sources on a pro rata basis, being one common share of Crown Amalco for each common share of the Corporation held by a shareholder of the Corporation (the “Requested Relief”); AND UPON the Corporation having represented to the Commission as follows: 1. The Corporation exists under the laws of the
Province of Ontario. The Corporation is not a reporting issuer in any jurisdiction in Canada. The business of the Corporation is to acquire and manage portfolios of life insurance policies. The Corporation is engaged in no other business. Other than cash, the only assets of the Corporation are common share of Crown Amalco (as defined below) and CCPI (as defined below).
2. Crown Alliance Capital Ltd. (“Crown Alliance”)
was a corporation incorporated under the laws of the State of Nevada. Crown Alliance was in the
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(2014), 37 OSCB 11485
business of acquiring life settlement policies and was engaged in no other business. Other than cash, the only assets of Crown Alliance at all material times were four life insurance policies that have an aggregate death benefit of US$4.5 million (the “Crown Alliance Portfolio”).
3. The Corporation incorporated a wholly owned
subsidiary under the laws of the State of Nevada, Crown Acquisition Corp. (“Crown Sub”) for the purposes of acquiring Crown Alliance by way of a three-cornered amalgamation. Crown Sub did not engage in any active business.
4. Crown Canada Portfolio I Inc. (“CCPI”) was
incorporated by the Corporation on September 5, 2014 as a wholly owned subsidiary for the purposes of acquiring and holding a portfolio of life insurance policies having an aggregate death benefit of US$107 million (the “CCPI Portfolio”). CCPI is a special purpose vehicle that was created for the sole purpose of holding the CCPI Portfolio and does not and will not engage in any other business activities. As CCPI was created as a special purpose vehicle for the sole purposes of acquiring the CCPI Portfolio, it had no assets prior to the acquisition of the CCPI Portfolio.
5. The Corporation is desirous to acquire additional
life settlement portfolios meeting its investment criteria through additional wholly owned subsidiaries of the Corporation which will be incorporated contemporaneously with future acquisitions.
6. Crown Sub amalgamated with Crown Alliance (the
“Amalgamation”), effective June 6, 2014. The surviving entity following the Amalgamation is Crown Acquisition Corp. (“Crown Amalco”). As a result of the Amalgamation, the shareholders of Crown Alliance received common shares of the Corporation on a 1-for-1 basis. Crown Amalco become a wholly owned subsidiary of the Corporation.
7. Crown Amalco exists under the laws of the State
of Nevada and is not a reporting issuer in any jurisdiction of Canada. Its registered address is at 50 West Liberty Street, Suite 880 Reno Nevada 89501.
8. A total of 222,773,848 million common shares of
the Corporation were issued to the 64 registered shareholders of Crown Alliance in connection with the Amalgamation. The Corporation relied on Section 2.11 of National Instrument 45-106 Prospectus and Registration Exemptions for the issuance of the common shares of the Corporation to the registered shareholders of Crown Alliance in connection with the Amalgamation. A first trade of such common shares of the Corporation would be subject to
Section 2.6 of National Instrument 45-102 Resale of Securities (“NI 45-102”).
9. Of the 64 registered shareholders of the
Corporation, 2 are resident in China, 3 are resident in the United States, 2 are resident in Italy and 57 are resident in the Province of Ontario.
10. Following the Amalgamation, the current
registered shareholders of the Corporation are identical to the registered shareholders of Crown Alliance prior to the Amalgamation (other than the one share issued on incorporation) and that each registered shareholder of the Corporation currently holds the same number of common shares of the Corporation that each held in Crown Alliance prior to the Amalgamation. Other than one common share issued at the time of incorporation, the Corporation has issued no other common shares.
11. Other than cash, the only asset of Crown Amalco
is the Crown Alliance Portfolio. Crown Amalco engages in no other business other than the maintenance and management of the Crown Alliance Portfolio. Once Crown Amalco realizes upon all of the death benefits from the insurance policies comprising the Crown Alliance Portfolio, Crown Amalco intends to cease to carry on business of any kind.
12. Crown Amalco carries on no active business other
than servicing its investment assets and Crown Amalco will not carry on any active business in the future. Once the investments are monetized, all funds net of liabilities will be distributed to its shareholders and Crown Amalco will be dissolved.
13. As a result of the Amalgamation, the Corporation
unknowingly and unintentionally became subject to both U.S. and Canada income tax. These tax consequences will have a material adverse financial impact on the Corporation and its shareholders.
14. Pursuant to the U.S. inversion rules (IRC Section
7874 and related regulations) where the former shareholders of a domestic corporation (Crown Alliance) receive 80% or more of the foreign acquiring corporation (the Corporation) by reason of their ownership of the domestic corporation (Crown Alliance), the foreign acquiring corporation (the Corporation) shall be treated as a domestic corporation (i.e. a U.S. corporation) for all purposes of the Internal Revenue Code. As such, the Corporation would be subject to U.S. and Canadian income tax.
15. The Corporation’s tax advisors have advised that
if the Corporation were to divest of Crown Amalco, the Corporation would no longer be subject to U.S. income tax.
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16. To the extent Crown Amalco Shares are distributed as soon as practical, case law permits Crown Alliance to assert the creation of a foreign parent (the Corporation) should be ignored for U.S. income tax purposes and the Corporation should not be an inverted corporation and not be subject to U.S. income taxation as a domestic U.S. corporation.
17. There is no market for the Crown Amalco Shares
and the Corporation would only be able to sell its shares of Crown Amalco to a third party for nominal consideration.
18. The registration requirement in Section 25 of the
Act does not apply as no person has engaged or will engage or has held themselves out as engaging in the business of trading in securities in connection with the distribution of the Crown Amalco shares to the shareholders of the Corporation.
19. Prospectus level disclosure regarding Crown
Amalco and the Crown Alliance Portfolio would not provide any material benefit to shareholders of the Corporation because (a) the shareholders already indirectly own Crown Amalco and the Crown Alliance Portfolio; (b) Crown Amalco does not engage (and will not engage) in any business except maintaining and managing the Crown Alliance Portfolio; (c) there are no employees of Crown Amalco and no officer or director receives (or will receive) compensation of any kind from Crown Amalco; (d) the distribution of the Crown Amalco shares does not require an investment decision on the part of the Corporation’s shareholders; (e) there is no market for the securities of Crown Amalco; and (f) a first trade of Crown Amalco shares will be subject to the same conditions set out in Section 2.6 of NI 45-102.
20. The shares of Crown Alliance were registered
under the United States Securities Exchange Act of 1934 (the “1934 Act”) and traded through the facilities of the OTC BB. Pursuant to the voluntary filing of a Form 15, Crown Alliance’s reporting obligations under the 1934 Act were suspended, effective March 31, 2014. Residents of Ontario would have acquired shares of Crown Alliance directly from Crown Alliance or through trades in the open market. One resident of Ontario was issued 27 million shares of Crown Alliance subsequent to March 31, 2014 as consideration for the commitment to provide a USD$8.5 million loan to the Corporation and such loan was provided to the Corporation in October of 2014.
AND UPON considering the application and the recommendation of the staff of the Commission. AND UPON the Commission being satisfied that to do so would not be prejudicial to the public interest.
IT IS ORDERED, pursuant to Section 74(1) of the Act, that the Requested Relief is granted, provided that: (a) at the time the Corporation delivers the share certificates of Crown Amalco to its shareholders it also provides every shareholder with a copy of this Order and a letter advising shareholders that there are resale restrictions attached to the Crown Amalco shares along with an explanation of the resale restrictions; and (b) the first trade of any common shares of Crown Amalco acquired by a shareholder of the Corporation in reliance on this Order is a deemed distribution unless the following conditions are satisfied:
(i) Crown Amalco has been a reporting issuer in a jurisdiction in Canada for the four months preceding the trade;
(ii) the trade is not a control distributions (as
defined in NI 51-102); (iii) no unusual effort is made to prepare the
market or to create demand for Crown Amalco shares;
(iv) no extraordinary commission or
consideration is paid to a person or company in respect of such first trade; and
(v) if the selling securityholder is an insider
or officer of Crown Amalco, the selling securityholder has no reasonable grounds to believe that Crown Amalco is in default of Ontario securities legislation.
DATED on this day 18th of December 2014. “James Turner” Vice-chair Ontario Securities Commission “Monica Kowal” Vice-chair Ontario Securities Commission
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2.2.7 Gildan Activewear Inc. – s. 104(2)(c) Headnote Subsection 104(2)(c) of the Act – Issuer bid – relief from issuer bid requirements in sections 94 to 94.8 and 97 to 98.7 of the Act – Issuer proposes to purchase, at a discounted purchase price, up to 1,525,000 of its common shares from one of its shareholders – due to the discounted purchase price, proposed purchases cannot be made through the TSX trading system – but for the fact that the proposed purchases cannot be made through the TSX trading system, the Issuer could otherwise acquire the subject shares in reliance upon the issuer bid exemption available under section 101.2 of the Act and in accordance with the TSX rules governing normal course issuer bid purchases – the selling shareholder did not purchase the subject shares in anticipation or contemplation of resale to the Issuer and has not, for a minimum of 30 days prior to the date of the application seeking the requested relief, purchased common shares of the Issuer in anticipation or contemplation of a sale of common shares to the Issuer – no adverse economic impact on, or prejudice to, the Issuer or public shareholders – proposed purchases exempt from the issuer bid requirements in sections 94 to 94.8 and 97 to 98.7 of the Act, subject to conditions, including that the Issuer not purchase, in the aggregate, more than one-third of the maximum number of shares to be purchased under its normal course issuer bid by way of off-exchange block purchases, and that the Issuer will not make any proposed purchase unless it has first obtained written confirmation that between the date of the order and the date on which the proposed purchase is completed, the selling shareholder has not purchased, had purchased on its behalf, or otherwise accumulated, any common shares of the Issuer. Applicable Legislative Provisions Securities Act, R.S.O. 1990, c. S.5, as am., ss. 94 to 94.8,
97 to 98.7, 104(2)(c).
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED (the “Act”)
AND
IN THE MATTER OF
GILDAN ACTIVEWEAR INC.
ORDER (clause 104(2)(c))
UPON the application (the “Application”) of Gildan Activewear Inc. (the “Issuer”) to the Ontario Securities Commission (the “Commission”) for an order pursuant to clause 104(2)(c) of the Act exempting the Issuer from the requirements of sections 94 to 94.8 and 97 to 98.7 of the Act (the “Issuer Bid Requirements”) in respect of the proposed purchases by the Issuer of up to 1,525,000 of its common shares (collectively, the “Subject
Shares”) in one or more tranches from Canadian Imperial Bank of Commerce (the “Selling Shareholder”); AND UPON considering the Application and the recommendation of staff of the Commission; AND UPON the Issuer (and the Selling Shareholder in respect of paragraphs 5, 6, 7, 8, 9, 10, 12, 23 and 24 as they relate to the Selling Shareholder) having represented to the Commission that: 1. The Issuer is a corporation governed by the
Canada Business Corporations Act. 2. The head office and registered office of the Issuer
is located at 600 de Maisonneuve Boulevard West, 33rd Floor, Montreal, Quebec, Canada H3A 3J2.
3. The Issuer is a reporting issuer in each of the
provinces of Canada and the common shares of the Issuer (the “Common Shares”) are listed for trading on the Toronto Stock Exchange (the “TSX”) and the New York Stock Exchange (the “NYSE”) under the symbol “GIL”. The Issuer is not in default of any requirement of the securities legislation in the jurisdictions in which it is a reporting issuer.
4. The authorized share capital of the Issuer consists
of an unlimited number of Common Shares, First Preferred Shares and Second Preferred Shares. As of November 11, 2014, 122,477,073 Common Shares were issued and outstanding, and no First Preferred Shares or Second Preferred Shares were issued and outstanding.
5. The corporate headquarters of the Selling
Shareholder are located in the Province of Ontario.
6. The Selling Shareholder does not, directly or
indirectly, own more than 5% of the issued and outstanding Common Shares.
7. The Selling Shareholder is the beneficial owner of
at least 1,525,000 Common Shares. None of the Subject Shares were acquired by, or on behalf of, the Selling Shareholder in anticipation or contemplation of resale to the Issuer.
8. No Common Shares were purchased by, or on
behalf of, the Selling Shareholder on or after October 18, 2014, being the date that was 30 days prior to the date of the Application of the Issuer seeking this Order, in anticipation or contemplation of a sale of Common Shares to the Issuer.
9. The Subject Shares are held by the Selling
Shareholder in connection with arrangements to hedge client transactions in respect of the Common Shares. The Selling Shareholder will not
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purchase, have purchased on its behalf, or otherwise accumulate, any Common Shares to re-establish its holdings of Common Shares which will have been reduced as a result of the sale of the Subject Shares pursuant to the Proposed Purchases (as defined below) between the date of this Order and the date on which a Proposed Purchase is to be completed.
10. The Selling Shareholder is at arm's length to the
Issuer and is not an “insider” of the Issuer or an “associate” of an “insider” of the Issuer, or an “associate” or “affiliate” of the Issuer, as such terms are defined in the Act. The Selling Shareholder is an “accredited investor” within the meaning of National Instrument 45-106 Prospectus and Registration Exemptions.
11. On December 4, 2014, the Issuer announced that
it is initiating a normal course issuer bid (the “Normal Course Issuer Bid”) to purchase up to 6,100,000 Common Shares during the period from December 8, 2014 to December 7, 2015, representing approximately 4.98% of the issued and outstanding Common Shares as of the date specified in the Notice of Intention to Make a Normal Course Issuer Bid (the “Notice”) submitted to and accepted by the TSX. The Notice specifies that purchases under the Normal Course Issuer Bid will be conducted through the facilities of the TSX and the NYSE or alternative trading systems, if eligible, or by such other means as may be permitted by the TSX or a securities regulatory authority in accordance with sections 628 to 629.3 of Part VI of the TSX Company Manual (the “TSX NCIB Rules”), including by private agreements under issuer bid exemption orders issued by securities regulatory authorities (each, an “Off-Exchange Block Purchase”).
12. The Issuer and the Selling Shareholder intend to
enter into one or more agreements of purchase and sale (each, an “Agreement”) pursuant to which the Issuer will agree to acquire some or all of the Subject Shares from the Selling Shareholder by one or more purchases each occurring before December 7, 2015 (each such purchase, a “Proposed Purchase”) for a purchase price (each such price, a “Purchase Price” in respect of such Proposed Purchase) that will be negotiated at arm's length between the Issuer and the Selling Shareholder. The Purchase Price will, in each case, be at a discount to the prevailing market price and below the bid-ask price for the Common Shares on the TSX at the time of each Proposed Purchase.
13. The Subject Shares acquired under each
Proposed Purchase will constitute a “block” as that term is defined in section 628 of the TSX NCIB Rules.
14. The purchase of any of the Subject Shares by the Issuer pursuant to an Agreement will constitute an “issuer bid” for the purposes of the Act, to which the applicable Issuer Bid Requirements would apply.
15. Because the Purchase Price will, in each case, be
at a discount to the prevailing market price and below the bid-ask price for the Common Shares on the TSX at the time of each Proposed Purchase, none of the Proposed Purchases can be made through the TSX trading system and, therefore, will not occur “through the facilities” of the TSX. As a result, the Issuer will be unable to acquire the Subject Shares from the Selling Shareholder in reliance upon the exemption from the Issuer Bid Requirements that is available pursuant to subsection 101.2(1) of the Act.
16. But for the fact that the Purchase Price will be at a
discount to the prevailing market price and below the bid-ask price for the Common Shares on the TSX at the time of each Proposed Purchase, the Issuer could otherwise acquire the Subject Shares through the facilities of the TSX as a “block purchase” (a “Block Purchase”) in accordance with the block purchase exception in section 629(1)7 of the TSX NCIB Rules and the exemption from the Issuer Bid Requirements that is available pursuant to subsection 101.2(1) of the Act.
17. The sale of any of the Subject Shares to the
Issuer will not be a “distribution” (as defined in the Act).
18. For each Proposed Purchase, the Issuer will be
able to acquire the applicable Subject Shares from the Selling Shareholder without the Issuer being subject to the dealer registration requirements of the Act.
19. Management of the Issuer is of the view that: (a)
the Issuer will be able to purchase the Subject Shares at a lower price than the price at which it would be able to purchase Common Shares under the Normal Course Issuer Bid in accordance with the TSX NCIB Rules and the exemption from the Issuer Bid Requirements available pursuant to subsection 101.2(1) of the Act; and (b) the Proposed Purchases are an appropriate use of the Issuer's funds.
20. The purchase of the Subject Shares will not
adversely affect the Issuer or the rights of any of the Issuer's security holders and it will not materially affect the control of the Issuer. To the knowledge of the Issuer, the Proposed Purchases will not prejudice the ability of other security holders of the Issuer to otherwise sell Common Shares in the open market at the then prevailing market price. The Proposed Purchases will be carried out at minimal cost to the Issuer.
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(2014), 37 OSCB 11489
21. To the best of the Issuer's knowledge, as of November 11, 2014, the “public float” for the Common Shares represented approximately 79% of all the issued and outstanding Common Shares for purposes of the TSX NCIB Rules.
22. The Common Shares are “highly-liquid securities”
within the meaning of section 1.1 of OSC Rule 48-501 Trading during Distributions, Formal Bids and Share Exchange Transactions and section 1.1 of the Universal Market Integrity Rules.
23. Other than the Purchase Price, no fee or other
consideration will be paid in connection with the Proposed Purchases.
24. At the time that each Agreement is entered into by
the Issuer and the Selling Shareholder and at the time of each Proposed Purchase, neither the Issuer, nor any member of the trading group of the Selling Shareholder, nor any personnel of the Selling Shareholder that negotiated the Agreement or made, participated in the making of, or provided advice in connection with, the decision to enter into the Agreement and sell the Subject Shares, will be aware of any “material change” or “material fact” (each as defined in the Act) in respect of the Issuer that has not been generally disclosed.
25. The Issuer will not purchase, pursuant to Off-
Exchange Block Purchases, in the aggregate, more than one-third of the maximum number of Common Shares that the Issuer can purchase under the Normal Course Issuer Bid, such one-third being equal to 2,033,333 Common Shares as of the date of this Order.
AND UPON the Commission being satisfied to do so would not be prejudicial to the public interest; IT IS ORDERED pursuant to clause 104(2)(c) of the Act that the Issuer be exempt from the Issuer Bid Requirements in connection with the Proposed Purchases, provided that:
(a) the Proposed Purchases will be taken into account by the Issuer when calculating the maximum annual aggregate limit that is imposed upon the Issuer's Normal Course Issuer Bid in accordance with the TSX NCIB Rules;
(b) the Issuer will refrain from conducting a
Block Purchase in accordance with the TSX NCIB Rules or an Off-Exchange Block Purchase during the calendar week in which it completes a Proposed Purchase and will not make any further purchases under the Normal Course Issuer Bid for the remainder of the calendar day on which it completes a Proposed Purchase;
(c) the Purchase Price in respect of each Proposed Purchase will be at a discount to the last “independent trade” (as that term is used in paragraph 629(1)1 of the TSX NCIB Rules) of a board lot of Common Shares immediately prior to the execution of such Proposed Purchase;
(d) the Issuer will otherwise acquire any
additional Common Shares pursuant to the Normal Course Issuer Bid in accordance with the Notice and the TSX NCIB Rules, including by means of open market transactions and by other means as may be permitted by the TSX, including, subject to condition (i) below, by Off-Exchange Block Purchases;
(e) immediately following each Proposed
Purchase of Subject Shares from the Selling Shareholder, the Issuer will report the purchase of Subject Shares to the TSX;
(f) at the time that each Agreement is
entered into by the Issuer and the Selling Shareholder and at the time of each Proposed Purchase, neither the Issuer, nor any member of the trading group of the Selling Shareholder, nor any personnel of the Selling Shareholder that negotiated the Agreement or made, participated in the making of, or provided advice in connection with, the decision to enter into the Agreement and sell the Subject Shares, will be aware of any “material change” or “material fact” (each as defined in the Act) in respect of the Issuer that has not been generally disclosed;
(g) the Issuer will issue a press release
disclosing (i) its intention to make the Proposed Purchases, and where such Proposed Purchases are made in tranches, in advance of the first tranche purchased from the Selling Shareholder, and (ii) that information regarding each Proposed Purchase, including the number of Common Shares purchased and the aggregate purchase price, will be available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) following the completion of each Proposed Purchase;
(h) the Issuer will report information
regarding each Proposed Purchase, including the number of Subject Shares purchased and the aggregate Purchase Price, on SEDAR before 5:00 p.m. (Toronto time) on the business day following such purchase;
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(2014), 37 OSCB 11490
(i) the Issuer does not purchase, pursuant to Off-Exchange Block Purchases, in the aggregate more than one-third of the maximum number of Common Shares the Issuer can purchase under its Normal Course Issuer Bid, such one-third being equal to, as of the date of this order, 2,033,333 Common Shares; and
(j) the Issuer will not make any Proposed
Purchase unless it has first obtained confirmation in writing that the Selling Shareholder has not purchased, or has had purchased on its behalf, or otherwise accumulated, any Common Shares on the facilities of the TSX or any other published market between the date of this Order and the date on which such Proposed Purchase is to be completed.
DATED at Toronto, Ontario this 5th day of December, 2014. “Edward P. Kerwin” Commissioner Ontario Securities Commission “Mary Condon” Commissioner Ontario Securities Commission
2.2.8 Magna International Inc. – s. 104(2)(c) Headnote Subsection 104(2)(c) of the Act – Issuer bid – relief from issuer bid requirements in sections 94 to 94.8 and 97 to 98.7 of the Act – Issuer proposes to purchase, at a discounted purchase price, up to 450,000 of its common shares from one of its shareholders – due to the discounted purchase price, proposed purchases cannot be made through the TSX trading system – but for the fact that the proposed purchases cannot be made through the TSX trading system, the Issuer could otherwise acquire the subject shares in reliance upon the issuer bid exemption available under section 101.2 of the Act and in accordance with the TSX rules governing normal course issuer bid purchases – the selling shareholder did not purchase the subject shares in anticipation or contemplation of resale to the Issuer and has not, for a minimum of 30 days prior to the date of the application seeking the requested relief, purchased common shares of the Issuer in anticipation or contemplation of resale to the Issuer – no adverse economic impact on, or prejudice to, the Issuer or public shareholders – proposed purchases exempt from the issuer bid requirements in sections 94 to 94.8 and 97 to 98.7 of the Act, subject to conditions, including that the Issuer not purchase, in the aggregate, more than one-third of the maximum number of shares to be purchased under its normal course issuer bid by way of off-exchange block purchases, and that the Issuer will not make any proposed purchase unless it has first obtained written confirmation that the selling shareholder has not purchased common shares of the Issuer on the open market between the date of the order and the date on which the proposed purchase is completed. Statutes Cited Securities Act, R.S.O. 1990, c. S.5, as am., ss. 94 to 94.8,
97 to 98.7, 104(2)(c).
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF MAGNA INTERNATIONAL INC.
ORDER
(Clause 104(2)(c)) UPON the application (the “Application”) of Magna International Inc. (the “Issuer”) to the Ontario Securities Commission (the “Commission”) for an order pursuant to clause 104(2)(c) of the Securities Act (Ontario) (the “Act”) exempting the Issuer from the requirements of sections 94 to 94.8, inclusive, and sections 97 to 98.7, inclusive, of the Act (the “Issuer Bid Requirements”) in connection with the proposed purchases by the Issuer of up to 450,000 common shares of the Issuer (collectively,
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December 30, 2014
(2014), 37 OSCB 11491
the “Subject Shares”) in one or more tranches, from The Bank of Nova Scotia (the “Selling Shareholder”); AND UPON considering the Application and the recommendation of staff of the Commission; AND UPON the Issuer (and the Selling Shareholder in respect of paragraphs 5, 6, 7, 8, 9, 11, 22 and 23 as they relate to the Selling Shareholder) having represented to the Commission that: 1. The Issuer is a corporation governed by the
Business Corporations Act (Ontario). 2. The registered and head office of the Issuer is
located at 337 Magna Drive, Aurora, Ontario, L4G 7K1.
3. The Issuer is a reporting issuer in each of the
provinces of Canada and its common shares (the “Common Shares”) are listed for trading on the TSX and the New York Stock Exchange (“NYSE”) under the symbols “MG” and “MGA”, respectively. The Issuer is not in default of any requirement of the securities legislation in the jurisdictions in which it is a reporting issuer.
4. The authorized share capital of the Issuer consists
of an unlimited number of Common Shares, of which 207,354,943 are issued and outstanding as of November 6, 2014, and 99,760,000 preference shares (“Preference Shares”) issuable in series. As of November 6, 2014, no Preference Shares are issued or outstanding.
5. The corporate headquarters of the Selling
Shareholder are located in the Province of Ontario. The trades contemplated by this application will be executed and settled in the Province of Ontario.
6. The Selling Shareholder does not, directly or
indirectly, own more than 5% of the issued and outstanding Common Shares.
7. The Selling Shareholder is the beneficial owner of
at least 450,000 Common Shares. None of the Subject Shares were acquired by, or on behalf of, the Selling Shareholder in anticipation or contemplation of resale to the Issuer.
8. No Common Shares were purchased by, or on
behalf of, the Selling Shareholder on or after October 11, 2014, being the date that was 30 days prior to the date of the application of the Issuer seeking this Order, in anticipation or contemplation of a sale of Common Shares to the Issuer.
9. The Selling Shareholder is at arm’s length to the
Issuer and is not an “insider” of the Issuer or an “associate” of an “insider” of the Issuer, or an “associate” or “affiliate” of the Issuer, as such
terms are defined in the Act. The Selling Shareholder is an “accredited investor” within the meaning of National Instrument 45-106 – Prospectus and Registration Exemptions.
10. Pursuant to a Notice of Intention to Make a
Normal Course Issuer Bid (the “Notice”) accepted by the TSX effective November 11, 2014, the Issuer is permitted to make a normal course issuer bid (the “Normal Course Issuer Bid”) to purchase up to 20,000,000 Common Shares, representing approximately 9.7% of the Issuer’s public float of Common Shares. The Notice specifies that purchases under the Normal Course Issuer Bid will be conducted through the facilities of the TSX and purchases may also be made on the NYSE or through other published markets or by such other means as may be permitted by the TSX and/or the NYSE, or a securities regulatory authority in accordance with sections 628 to 629.3 of Part VI of the TSX Company Manual (the “TSX NCIB Rules”), including by private agreements under issuer bid exemption orders issued by a securities regulatory authority (each, an “Off-Exchange Block Purchase”).
11. The Issuer and the Selling Shareholder intend to
enter into one or more agreements of purchase and sale (each, an “Agreement”), pursuant to which the Issuer will, subject to market conditions, agree to acquire some or all of the Subject Shares from the Selling Shareholder in one or more tranches, such tranches to occur not more than once per calendar week, each to occur prior to November 12, 2015 (each such purchase, a “Proposed Purchase”) for a purchase price (each such price, a “Purchase Price” in respect of such Proposed Purchase) that will be negotiated at arm’s length between the Issuer and the Selling Shareholder. The Purchase Price, in each case, will be at a discount to the prevailing market price and below the bid-ask price for the Common Shares on the TSX at the time of each Proposed Purchase.
12. The Subject Shares acquired under each
Proposed Purchase will constitute a “block”, as that term is defined in section 628 of the TSX NCIB Rules.
13. The purchase of any of the Subject Shares by the
Issuer pursuant to an Agreement will constitute an “issuer bid” for the purposes of the Act, to which the Issuer Bid Requirements would apply.
14. Because the Purchase Price, in each case, will be
at a discount to the prevailing market price and below the bid-ask price for the Common Shares on the TSX at the time of each Proposed Purchase, none of the Proposed Purchases can be made through the TSX trading system and, therefore, will not occur “through the facilities” of the TSX. As a result, the Issuer will be unable to
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December 30, 2014
(2014), 37 OSCB 11492
acquire the Subject Shares from the Selling Shareholder in reliance upon the exemption from the Issuer Bid Requirements that is available pursuant to subsection 101.2(1) of the Act.
15. But for the fact that the Purchase Price will be at a
discount to the prevailing market price and below the bid-ask price for the Common Shares on the TSX, at the time of each Proposed Purchase, the Issuer could otherwise acquire the Subject Shares through the facilities of the TSX as a “block purchase” (a “Block Purchase”) in accordance with the block purchase exception in section 629(l)(7) of the TSX NCIB Rules and the exemption from the Issuer Bid Requirements that is available pursuant to subsection 101.2(1) of the Act.
16. The sale of any of the Subject Shares to the
Issuer will not be a “distribution” (as defined in the Act).
17. For each Proposed Purchase, the Issuer will be
able to acquire the applicable Subject Shares from the Selling Shareholder without the Issuer being subject to the dealer registration requirements of the Act.
18. Management of the Issuer is of the view that: (a)
the Issuer will be able to purchase the Subject Shares at a lower price than the price at which it would be able to purchase Common Shares under the Normal Course Issuer Bid in accordance with the TSX NCIB Rules and the exemption from the Issuer Bid Requirements available pursuant to subsection 101.2(1) of the Act; and (b) the Proposed Purchases are an appropriate use of the Issuer’s funds.
19. The purchase of the Subject Shares will not
adversely affect the Issuer or the rights of any of the Issuer’s security holders and it will not materially affect the control of the Issuer. To the knowledge of the Issuer, the Proposed Purchases will not prejudice the ability of other security holders of the Issuer to otherwise sell Common Shares in the open market at the then prevailing market price. The Proposed Purchases will be carried out at minimal cost to the Issuer.
20. To the best of the Issuer’s knowledge, as of
November 6, 2014, the “public float” for the Issuer’s Common Shares represented approximately 99.5% of all issued and outstanding Common Shares for purposes of the TSX NCIB Rules.
21. The Common Shares are “highly-liquid securities”
within the meaning of section 1.1 of OSC Rule 48-501 Trading during Distributions, Formal Bids and Share Exchange Transactions and section 1.1 of the Universal Market Integrity Rules.
22. Other than the Purchase Price, no fee or other consideration will be paid by the Issuer in connection with the Proposed Purchases.
23. At the time that each Agreement is entered into by
the Issuer and the Selling Shareholder and at the time of each Proposed Purchase, neither the Issuer, nor any member of the trading products group of the Selling Shareholder, nor any personnel of, the Selling Shareholder that negotiated the Agreement or made, participated in the making of, or provided advice in connection with, the decision to enter into the Agreement and sell the Subject Shares, will be aware of any “material change” or “material fact” (each as defined in the Act) in respect of the Issuer that has not been generally disclosed.
24. The Issuer may amend its automatic share
purchase plan (the “Plan”) to permit the Issuer to make purchases under its Normal Course Issuer Bid at such times when the Issuer would not be permitted to trade in its Common Shares during internal blackout periods, including regularly scheduled quarterly blackout periods. The Issuer will instruct the broker under the Plan not to conduct a Block Purchase in accordance with the TSX NCIB Rules during the calendar week in which the Issuer completes a Proposed Purchase. No Subject Shares will be acquired under the Plan or otherwise during the Issuer’s blackout periods.
25. The Issuer will not purchase, pursuant to Off-
Exchange Block Purchases, in aggregate, more than one-third of the maximum number of Common Shares that the Issuer can purchase under the Normal Course Issuer Bid, such one-third being equal to 6,666,666 Common Shares as of the date of this Order.
26. To date, the Issuer has not purchased any
Common Shares under the Normal Course Issuer Bid pursuant to Off-Exchange Block Purchases.
AND UPON the Commission being satisfied to do so would not be prejudicial to the public interest; IT IS ORDERED pursuant to clause 104(2)(c) of the Act that the Issuer be exempt from the Issuer Bid Requirements in connection with the Proposed Purchases, provided that:
(a) the Proposed Purchases will be taken into account by the Issuer when calculating the maximum annual aggregate limit that is imposed upon the Issuer’s Normal Course Issuer Bid in accordance with the TSX NCIB Rules;
(b) the Issuer will refrain from conducting a
Block Purchase in accordance with the TSX NCIB Rules or an Off-Exchange Block Purchase during the calendar week
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(2014), 37 OSCB 11493
in which it completes a Proposed Purchase and will not make any further purchases under its Normal Course Issuer Bid for the remainder of the calendar day on which it completes a Proposed Purchase;
(c) the Purchase Price in respect of each
Proposed Purchase will be at a discount to the last “independent trade” (as that term is used in paragraph 629(l)1 of the TSX NCIB Rules) of a board lot of Common Shares immediately prior to the execution of such Proposed Purchase;
(d) the Issuer will otherwise acquire any
additional Common Shares pursuant to the Issuer’s Normal Course Issuer Bid in accordance with the Notice and the TSX NCIB Rules, including by means of open market transactions and by other means as may be permitted by the TSX, subject to condition (i) below, by Off-Exchange Block Purchases;
(e) immediately following each Proposed
Purchase of Subject Shares from the Selling Shareholder, the Issuer will report the purchase of Subject Shares to the TSX;
(f) at the time that each Agreement is
entered into by the Issuer and the Selling Shareholder and at the time of each Proposed Purchase, neither the Issuer, nor any member of the trading products group of the Selling Shareholder, nor any personnel of the Selling Shareholder that negotiated the Agreement or made, participated in the making of, or provided advice in connection with, the decision to enter into the Agreement and sell the Subject Shares, will be aware of any “material change” or “material fact” (each as defined in the Act) in respect of the Issuer that has not been generally disclosed;
(g) the Issuer will issue a press release
disclosing (i) its intention to make the Proposed Purchases, and where such Proposed Purchases are made in tranches, in advance of the first tranche purchased from the Selling Shareholder, and (ii) that information regarding each Proposed Purchase, including the number of Common Shares purchased and the aggregate Purchase Price, will be available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) following the completion of each Proposed Purchase;
(h) the Issuer will report information regarding each Proposed Purchase, including the number of Common Shares purchased and the aggregate Purchase Price, on SEDAR before 5:00 p.m. (Toronto time) on the business day following such purchase;
(i) the Issuer does not purchase, pursuant
to Off-Exchange Block Purchases, in the aggregate more than one-third of the maximum number of Common Shares the Issuer can purchase under its Normal Course Issuer Bid, such one-third being equal to, as of the date of this Order, 6,666,666 Common Shares; and
(j) the Issuer will not make any Proposed
Purchase unless it has first obtained confirmation in writing that between the date of this Order and the date on which such Proposed Purchase is to be completed, the Selling Shareholder has not purchased, had purchased on its behalf, or otherwise accumulated, any Common Shares on the facilities of the TSX or any other published market.
DATED at Toronto this 25th day of November, 2014. “Edward P. Kerwin” Commissioner Ontario Securities Commission “Christopher Portner” Commissioner Ontario Securities Commission
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11494
2.2.9 Magna International Inc. – s. 104(2)(c) Headnote Subsection 104(2)(c) of the Act – Issuer bid – relief from issuer bid requirements in sections 94 to 94.8 and 97 to 98.7 of the Act – Issuer proposes to purchase, at a discounted purchase price, up to 1,780,000 of its common shares from one of its shareholders – due to the discounted purchase price, proposed purchases cannot be made through the TSX trading system – but for the fact that the proposed purchases cannot be made through the TSX trading system, the Issuer could otherwise acquire the subject shares in reliance upon the issuer bid exemption available under section 101.2 of the Act and in accordance with the TSX rules governing normal course issuer bid purchases – the selling shareholder did not purchase the subject shares in anticipation or contemplation of resale to the Issuer and has not, for a minimum of 30 days prior to the date of the application seeking the requested relief, purchased common shares of the Issuer in anticipation or contemplation of a sale of common shares to the Issuer – no adverse economic impact on, or prejudice to, the Issuer or public shareholders – proposed purchases exempt from the issuer bid requirements in sections 94 to 94.8 and 97 to 98.7 of the Act, subject to conditions, including that the Issuer not purchase, in the aggregate, more than one-third of the maximum number of shares to be purchased under its normal course issuer bid by way of off-exchange block purchases, and that the Issuer will not make any proposed purchase unless it has first obtained written confirmation that between the date of the order and the date on which the proposed purchase is completed, the selling shareholder has not purchased, had purchased on its behalf, or otherwise accumulated, any common shares of the Issuer to re-establish its holdings of common shares that will have been reduced as a result of the sale of the subject shares pursuant to the proposed purchases and that any common shares acquired by, or on behalf of, the selling shareholder during that time were acquired for purposes unrelated to the sale of the subject shares, and are not and will never be used by the selling shareholder to re-establish its holdings of common shares that were reduced as a result of the sale of the subject shares pursuant to the proposed purchases. Statutes Cited Securities Act, R.S.O. 1990, c. S.5, as am., ss. 94 to 94.8, 97 to 98.7, 104(2)(c)
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF MAGNA INTERNATIONAL INC.
ORDER (Clause 104(2)(c))
UPON the application (the “Application”) of Magna International Inc. (the “Issuer”) to the Ontario Securities Commission (the “Commission”) for an order pursuant to clause 104(2)(c) of the Securities Act (Ontario) (the “Act”) exempting the Issuer from the requirements of sections 94 to 94.8, inclusive, and sections 97 to 98.7, inclusive, of the Act (the “Issuer Bid Requirements”) in connection with the proposed purchases by the Issuer of up to 1,780,000 common shares of the Issuer (collectively, the “Subject Shares”) in one or more tranches, from BMO Nesbitt Burns Inc. (the “Selling Shareholder”); AND UPON considering the Application and the recommendation of staff of the Commission; AND UPON the Issuer (and the Selling Shareholder in respect of paragraphs 5, 6, 7, 8, 9, 10, 11, 13, 24 and 25 as they relate to the Selling Shareholder) having represented to the Commission that: 1. The Issuer is a corporation governed by the
Business Corporations Act (Ontario). 2. The registered and head office of the Issuer is
located at 337 Magna Drive, Aurora, Ontario, L4G 7K1.
3. The Issuer is a reporting issuer in each of the
provinces of Canada and its common shares (the “Common Shares”) are listed for trading on the TSX and the New York Stock Exchange (“NYSE”) under the symbols “MG” and “MGA”, respectively. The Issuer is not in default of any requirement of the securities legislation in the jurisdictions in which it is a reporting issuer.
4. The authorized share capital of the Issuer consists
of an unlimited number of Common Shares, of which 207,354,943 are issued and outstanding as of November 6, 2014, and 99,760,000 preference shares (“Preference Shares”) issuable in series. As of November 6, 2014, no Preference Shares are issued or outstanding.
5. The Selling Shareholder is engaged in the
business of trading in securities as principal or agent and is registered as a dealer under the Act in the categories of investment fund manager, investment fund dealer, futures commission merchant, and securities, options, managed accounts and futures contracts and futures contract options.
6. The corporate headquarters of the Selling
Shareholder are located in the Province of Ontario. The trades contemplated by this application will be executed and settled in the Province of Ontario.
7. The Selling Shareholder does not, directly or
indirectly, own more than 5% of the issued and outstanding Common Shares.
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(2014), 37 OSCB 11495
8. The Selling Shareholder is the beneficial owner of at least 1,780,000 Common Shares. None of the Subject Shares were acquired by, or on behalf of, the Selling Shareholder in anticipation or contemplation of resale to the Issuer.
9. No Common Shares were purchased by, or on
behalf of, the Selling Shareholder on or after October 12, 2014, being the date that was 30 days prior to the date of the application of the Issuer seeking this Order, in anticipation or contemplation of a sale of Common Shares to the Issuer.
10. The Subject Shares are held by the Selling
Shareholder in connection with arrangements to hedge client transactions in respect of the Common Shares. The Selling Shareholder may purchase, have purchased on its behalf, or otherwise accumulate, Common Shares to re-establish its holdings of Common Shares which will have been reduced as a result of the sale of the Subject Shares pursuant to the Proposed Purchases (as defined below) (any Common Shares so purchased or accumulated, the “Covering Shares”). The Selling Shareholder will not purchase, have purchased on its behalf, or otherwise accumulate, any Covering Shares between the date of this Order and the date on which a Proposed Purchase is to be completed. Any Common Shares acquired by, or on behalf of, the Selling Shareholder from the date of this Order until such time as all of the Subject Shares have been acquired by the Issuer will: (a) be acquired in accordance with applicable securities laws (including this Order); (b) be acquired for purposes unrelated to the sale of the Subject Shares pursuant to the Proposed Purchases; and (c) not be and will never become Covering Shares.
11. The Selling Shareholder is at arm’s length to the
Issuer and is not an “insider” of the Issuer or an “associate” of an “insider” of the Issuer, or an “associate” or “affiliate” of the Issuer, as such terms are defined in the Act. The Selling Shareholder is an “accredited investor” within the meaning of National Instrument 45-106 – Prospectus and Registration Exemptions.
12. Pursuant to a Notice of Intention to Make a
Normal Course Issuer Bid (the “Notice”) accepted by the TSX effective November 11, 2014, the Issuer is permitted to make a normal course issuer bid (the “Normal Course Issuer Bid”) to purchase up to 20,000,000 Common Shares, representing approximately 9.7% of the Issuer’s public float of Common Shares. The Notice specifies that purchases under the Normal Course Issuer Bid will be conducted through the facilities of the TSX and purchases may also be made on the NYSE or through other published markets or by such other means as may be permitted by the TSX and/or the NYSE, or a securities regulatory authority in
accordance with sections 628 to 629.3 of Part VI of the TSX Company Manual (the “TSX NCIB Rules”), including by private agreements under issuer bid exemption orders issued by a securities regulatory authority (each, an “Off-Exchange Block Purchase”).
13. The Issuer and the Selling Shareholder intend to
enter into one or more agreements of purchase and sale (each, an “Agreement”), pursuant to which the Issuer will, subject to market conditions, agree to acquire some or all of the Subject Shares from the Selling Shareholder in one or more tranches, such tranches to occur not more than once per calendar week, each to occur prior to November 12, 2015 (each such purchase, a “Proposed Purchase”) for a purchase price (each such price, a “Purchase Price” in respect of such Proposed Purchase) that will be negotiated at arm’s length between the Issuer and the Selling Shareholder. The Purchase Price, in each case, will be at a discount to the prevailing market price and below the bid-ask price for the Common Shares on the TSX at the time of each Proposed Purchase.
14. The Subject Shares acquired under each
Proposed Purchase will constitute a “block”, as that term is defined in section 628 of the TSX NCIB Rules.
15. The purchase of any of the Subject Shares by the
Issuer pursuant to an Agreement will constitute an “issuer bid” for the purposes of the Act, to which the Issuer Bid Requirements would apply.
16. Because the Purchase Price, in each case, will be
at a discount to the prevailing market price and below the bid-ask price for the Common Shares on the TSX at the time of each Proposed Purchase, none of the Proposed Purchases can be made through the TSX trading system and, therefore, will not occur “through the facilities” of the TSX. As a result, the Issuer will be unable to acquire the Subject Shares from the Selling Shareholder in reliance upon the exemption from the Issuer Bid Requirements that is available pursuant to subsection 101.2(1) of the Act.
17. But for the fact that the Purchase Price will be at a
discount to the prevailing market price and below the bid-ask price for the Common Shares on the TSX, at the time of each Proposed Purchase, the Issuer could otherwise acquire the Subject Shares through the facilities of the TSX as a “block purchase” (a “Block Purchase”) in accordance with the block purchase exception in section 629(l)(7) of the TSX NCIB Rules and the exemption from the Issuer Bid Requirements that is available pursuant to subsection 101.2(1) of the Act.
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(2014), 37 OSCB 11496
18. The sale of any of the Subject Shares to the Issuer will not be a “distribution” (as defined in the Act).
19. For each Proposed Purchase, the Issuer will be
able to acquire the applicable Subject Shares from the Selling Shareholder without the Issuer being subject to the dealer registration requirements of the Act.
20. Management of the Issuer is of the view that: (a)
the Issuer will be able to purchase the Subject Shares at a lower price than the price at which it would be able to purchase Common Shares under the Normal Course Issuer Bid in accordance with the TSX NCIB Rules and the exemption from the Issuer Bid Requirements available pursuant to subsection 101.2(1) of the Act; and (b) the Proposed Purchases are an appropriate use of the Issuer’s funds.
21. The purchase of the Subject Shares will not
adversely affect the Issuer or the rights of any of the Issuer’s security holders and it will not materially affect the control of the Issuer. To the knowledge of the Issuer, the Proposed Purchases will not prejudice the ability of other security holders of the Issuer to otherwise sell Common Shares in the open market at the then prevailing market price. The Proposed Purchases will be carried out at minimal cost to the Issuer.
22. To the best of the Issuer’s knowledge, as of
November 6, 2014, the “public float” for the Issuer’s Common Shares represented approximately 99.5% of all issued and outstanding Common Shares for purposes of the TSX NCIB Rules.
23. The Common Shares are “highly-liquid securities”
within the meaning of section 1.1 of OSC Rule 48-501 Trading during Distributions, Formal Bids and Share Exchange Transactions and section 1.1 of the Universal Market Integrity Rules.
24. Other than the Purchase Price, no fee or other
consideration will be paid by the Issuer in connection with the Proposed Purchases.
25. At the time that each Agreement is entered into by
the Issuer and the Selling Shareholder and at the time of each Proposed Purchase, neither the Issuer, nor any member of the trading products group of the Selling Shareholder, nor any personnel of, the Selling Shareholder that negotiated the Agreement or made, participated in the making of, or provided advice in connection with, the decision to enter into the Agreement and sell the Subject Shares, will be aware of any “material change” or “material fact” (each as defined in the Act) in respect of the Issuer that has not been generally disclosed.
26. The Issuer may amend its automatic share purchase plan (the “Plan”) to permit the Issuer to make purchases under its Normal Course Issuer Bid at such times when the Issuer would not be permitted to trade in its Common Shares during internal blackout periods, including regularly scheduled quarterly blackout periods. The Issuer will instruct the broker under the Plan not to conduct a Block Purchase in accordance with the TSX NCIB Rules during the calendar week in which the Issuer completes a Proposed Purchase. No Subject Shares will be acquired under the Plan or otherwise during the Issuer’s blackout periods.
27. The Issuer will not purchase, pursuant to Off-
Exchange Block Purchases, in aggregate, more than one-third of the maximum number of Common Shares that the Issuer can purchase under the Normal Course Issuer Bid, such one-third being equal to 6,666,666 Common Shares as of the date of this Order.
28. To date, the Issuer has not purchased any
Common Shares under the Normal Course Issuer Bid pursuant to Off-Exchange Block Purchases.
AND UPON the Commission being satisfied to do so would not be prejudicial to the public interest; IT IS ORDERED pursuant to clause 104(2)(c) of the Act that the Issuer be exempt from the Issuer Bid Requirements in connection with the Proposed Purchases, provided that:
(a) the Proposed Purchases will be taken into account by the Issuer when calculating the maximum annual aggregate limit that is imposed upon the Issuer’s Normal Course Issuer Bid in accordance with the TSX NCIB Rules;
(b) the Issuer will refrain from conducting a
Block Purchase in accordance with the TSX NCIB Rules or an Off-Exchange Block Purchase during the calendar week in which it completes a Proposed Purchase and will not make any further purchases under its Normal Course Issuer Bid for the remainder of the calendar day on which it completes a Proposed Purchase;
(c) the Purchase Price in respect of each
Proposed Purchase will be at a discount to the last “independent trade” (as that term is used in paragraph 629(l)1 of the TSX NCIB Rules) of a board lot of Common Shares immediately prior to the execution of such Proposed Purchase;
(d) the Issuer will otherwise acquire any
additional Common Shares pursuant to the Issuer’s Normal Course Issuer Bid in
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(2014), 37 OSCB 11497
accordance with the Notice and the TSX NCIB Rules, including by means of open market transactions and by other means as may be permitted by the TSX, subject to condition (i) below, by Off-Exchange Block Purchases;
(e) immediately following each Proposed
Purchase of Subject Shares from the Selling Shareholder, the Issuer will report the purchase of Subject Shares to the TSX;
(f) at the time that each Agreement is
entered into by the Issuer and the Selling Shareholder and at the time of each Proposed Purchase, neither the Issuer, nor any member of the trading products group of the Selling Shareholder, nor any personnel of the Selling Shareholder that negotiated the Agreement or made, participated in the making of, or provided advice in connection with, the decision to enter into the Agreement and sell the Subject Shares, will be aware of any “material change” or “material fact” (each as defined in the Act) in respect of the Issuer that has not been generally disclosed;
(g) the Issuer will issue a press release
disclosing (i) its intention to make the Proposed Purchases, and where such Proposed Purchases are made in tranches, in advance of the first tranche purchased from the Selling Shareholder, and (ii) that information regarding each Proposed Purchase, including the number of Common Shares purchased and the aggregate Purchase Price, will be available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) following the completion of each Proposed Purchase;
(h) the Issuer will report information
regarding each Proposed Purchase, including the number of Common Shares purchased and the aggregate Purchase Price, on SEDAR before 5:00 p.m. (Toronto time) on the business day following such purchase;
(i) the Issuer does not purchase, pursuant
to Off-Exchange Block Purchases, in the aggregate more than one-third of the maximum number of Common Shares the Issuer can purchase under its Normal Course Issuer Bid, such one-third being equal to, as of the date of this Order, 6,666,666 Common Shares; and
(j) the Issuer will not make any Proposed Purchase unless it has first obtained confirmation in writing that between the date of this Order and the date on which such Proposed Purchase is to be completed, the Selling Shareholder has not purchased, had purchased on its behalf, or otherwise accumulated, any Covering Shares and that any Common Shares acquired by, or on behalf of, the Selling Shareholder during such time: (i) were acquired for purposes unrelated to the sale of the Subject Shares pursuant to the Proposed Purchases; and (ii) are not and will never become Covering Shares.
DATED at Toronto this 25th day of November, 2014. “Edward P. Kerwin” Commissioner Ontario Securities Commission “Christopher Portner” Commissioner Ontario Securities Commission
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December 30, 2014
(2014), 37 OSCB 11498
2.2.10 Revocation of Strip Bond Information Statement
IN THE MATTER OF OSC RULE 91-501 STRIP BONDS
(the “Strip Bond Rule”)
AND
IN THE MATTER OF THE INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA
AND
IN THE MATTER OF
A STRIP BOND INFORMATION STATEMENT
REVOCATION WHEREAS section 4.3 of the Strip Bond Rule provides that the Director may revoke an acceptance of a strip bond information statement if the strip bond information statement does not comply with section 4.1 of the Strip Bond Rule; AND WHEREAS on July 28, 2003, the Director accepted an information statement dated June 2003 (the 2003 Information Statement) pursuant to section 4.2 of the Strip Bond Rule that was submitted by the Investment Dealers Association (IDA); AND WHEREAS on June 4, 2014, the Director accepted a revised strip bond information statement (the 2014 Information Statement) submitted by the successor to the IDA, the Investment Industry Regulatory Organization of Canada (IIROC), pursuant to section 4.2 of the Strip Bond Rule; AND WHEREAS the 2014 Information Statement:
(a) removed the tax tables and formulas provided in the 2003 Information Statement describing the income tax treatment of strip bonds to avoid any inconsistencies with official tax guidance issued by the Canada Revenue Agency (the CRA); and
(b) modified the section in the 2003 Information Statement discussing the tax treatment of strip bond packages to
reflect guidance received by IIROC indicating that the CRA may accept alternative tax reporting methods in cases where the strip bond package is issued at or near par and is kept intact;
AND WHEREAS IIROC has asked IIROC-regulated investment dealers to begin using the 2014 Information Statement no later than January 2, 2015 in IIROC Notice 14-0158 dated June 26, 2014, available on the IIROC website at www.iiroc.ca; AND WHEREAS the 2003 Information Statement no longer complies with paragraph 4.1(f) of the Strip Bond Rule; AND WHEREAS IIROC has been given an opportunity to be heard pursuant to subsection 4.3(2) of the Strip Bond Rule and has informed staff of the Commission that it does not object to the Director revoking the acceptance of the 2003 Information Statement; THE DIRECTOR HEREBY REVOKES the acceptance of the 2003 Information Statement effective January 2, 2015. DATED at Toronto, Ontario this 22nd day of December, 2014. “Jo-Anne Matear” Manager, Corporate Finance
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11499
2.2.11 Canadian Pacific Railway Limited – s. 104(2)(c) Headnote Subsection 104(2)(c) of the Act – Issuer bid – relief from issuer bid requirements in sections 94 to 94.8 and 97 to 98.7 of the Act – Issuer proposes to purchase, at a discounted purchase price, up to 1,250,000 of its common shares from one of its shareholders – due to the discounted purchase price, proposed purchases cannot be made through the TSX trading system – but for the fact that the proposed purchases cannot be made through the TSX trading system, the Issuer could otherwise acquire the subject shares in reliance upon the issuer bid exemption available under section 101.2 of the Act and in accordance with the TSX rules governing normal course issuer bid purchases – the selling shareholder did not purchase the subject shares in anticipation or contemplation of resale to the Issuer and has not, for a minimum of 30 days prior to the date of the application seeking the relief, purchased common shares of the Issuer in anticipation or contemplation of a sale of common shares to the Issuer – no adverse economic impact on, or prejudice to, the Issuer or public shareholders – proposed purchases exempt from the issuer bid requirements in sections 94 to 94.8 and 97 to 98.7 of the Act, subject to conditions, including that the Issuer not purchase, in the aggregate, more than one-third of the maximum number of shares permitted to be purchased under its normal course issuer bid by way of off-exchange block purchases, and that the Issuer will not make any proposed purchase unless it has first obtained written confirmation that between the date of the order and the date on which the proposed purchase is completed, the selling shareholder has not purchased, had purchased on its behalf, or otherwise accumulated, any common shares of the Issuer. Statutes Cited Securities Act, R.S.O. 1990, c. S.5, as am., ss. 94 to 94.8,
97 to 98.7, 104(2)(c).
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF CANADIAN PACIFIC RAILWAY LIMITED
ORDER
(Clause 104(2)(c)) UPON the application (the “Application”) of Canadian Pacific Railway Limited (the “Issuer”) to the Ontario Securities Commission (the “Commission”) for an order under clause 104(2)(c) of the Securities Act (Ontario) (the “Act”) exempting the Issuer from the requirements of sections 94 to 94.8, inclusive, and 97 to 98.7, inclusive, of the Act (the “Issuer Bid Requirements”) in connection with the proposed purchases by the Issuer of up to 1,250,000 common shares in the capital of the Issuer (collectively, the
“Subject Shares”) in one or more trades from The Toronto-Dominion Bank (the “Selling Shareholder”); AND UPON considering the Application and the recommendation of staff of the Commission; AND UPON the Issuer (and the Selling Shareholder in respect of paragraphs 5, 6, 7, 8, 9, 10, 16, 27 and 28 as they relate to the Selling Shareholder) having represented to the Commission that: 1. The Issuer is a corporation incorporated under the
Canada Business Corporations Act. 2. The registered, executive and head office of the
Issuer is located at 7550 Ogden Dale Road S.E., Calgary, Alberta, T2C 4X9.
3. The Issuer is a reporting issuer in each of the
provinces and territories of Canada and the common shares of the Issuer (the “Common Shares”) are listed for trading on the Toronto Stock Exchange (the “TSX”) and the New York Stock Exchange (the “NYSE”) under the symbol “CP”. The Issuer is not in default of any requirement of the securities legislation in the jurisdictions in which it is a reporting issuer.
4. The Issuer’s authorized share capital consists of
an unlimited number of Common Shares, an unlimited number of First Preferred Shares and an unlimited number of Second Preferred Shares, of which 170,089,858 Common Shares and no First Preferred Shares or Second Preferred Shares were issued and outstanding as of October 31, 2014.
5. The Selling Shareholder has its corporate
headquarters in Toronto, Ontario. 6. The Selling Shareholder does not, directly or
indirectly, own more than 5% of the issued and outstanding Common Shares, is at arm’s length to the Issuer and is not an “insider” of the Issuer, an “associate” of an “insider” of the Issuer, or an “associate” or “affiliate” of the Issuer, as such terms are defined in the Act.
7. The Selling Shareholder is an “accredited
investor” within the meaning of National Instru-ment 45-106 Prospectus and Registration Exemptions.
8. The Selling Shareholder is the beneficial owner of
at least 1,250,000 Common Shares. None of the Subject Shares were acquired by, or on behalf of, the Selling Shareholder in anticipation or contemplation of resale to the Issuer.
9. No Common Shares were purchased by, or on
behalf of, the Selling Shareholder on or after October 7, 2014, being the date that was 30 days prior to the date of the Application, in anticipation
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December 30, 2014
(2014), 37 OSCB 11500
or contemplation of a sale of Common Shares to the Issuer.
10. The Subject Shares are held by the Selling
Shareholder in connection with arrangements to hedge client transactions in respect of the Common Shares. The Selling Shareholder will not purchase, have purchased on its behalf, or otherwise accumulate, any Common Shares to re-establish its holdings of Common Shares which will have been reduced as a result of the sale of the Subject Shares pursuant to the Proposed Purchases (as defined below) between the date of this Order and the date on which a Proposed Purchase is to be completed.
11. On March 11, 2014, the Issuer announced a
normal course issuer bid (the “Normal Course Issuer Bid”) to purchase up to 5,270,374 Common Shares during the period from March 17, 2014 to March 16, 2015 pursuant to the terms of a “Notice of Intention to Make a Normal Course Issuer Bid” (the “Original Notice”) submitted to, and accepted by, the TSX.
12. On September 29, 2014, the Issuer announced
that the TSX accepted an amendment to the Original Notice (the “Amendment” and together with the Original Notice, the “Notice”) effective October 2, 2014 to increase the maximum number of Common Shares that may be purchased for cancellation under the Normal Course Issuer Bid from 5,270,374 Common Shares, being approximately 3.00% of the Common Shares issued and outstanding, to 12,650,862 Common Shares, representing approximately 8.00% of the Issuer’s “public float”, each as at March 4, 2014 (being the reference date specified in the Original Notice).
13. In accordance with the Notice, purchases under
the Normal Course Issuer Bid may be conducted through the facilities of the TSX, the NYSE or alternative trading systems, if eligible, or by such other means as may be permitted by the TSX and/or the NYSE in accordance with sections 628 to 629.3 of Part VI of the TSX Company Manual (the “TSX Rules”), including private agreements under issuer bid exemption orders issued by securities regulatory authorities (each, an “Off-Exchange Block Purchase”).
14. The Commission granted the Issuer three orders,
one on March 28, 2014 (the “March 2014 Order”), one on June 10, 2014 (the “June 2014 Order”), and one on November 25, 2014 (the “November 2014 Order”) pursuant to clause 104(2)(c) of the Act exempting the Issuer from the Issuer Bid Requirements in connection with Off-Exchange Block Purchases by the Issuer of up to 1,300,000 Common Shares, 456,791 Common Shares and 1,210,163 Common Shares, respectively, in one or more trades from arm’s length selling
shareholders. As at October 31, 2014, an aggregate of 6,390,374 Common Shares have been acquired by the Issuer pursuant to the Normal Course Issuer Bid, including 1,300,000 Common Shares under the March 2014 Order and 456,791 Common Shares under the June 2014 Order. As at December 1, 2014, 275,000 Common Shares have been acquired by the Issuer under the November 2014 Order.
15. The Issuer implemented an automatic repurchase
plan (the “ARP”) on October 1, 2014 to permit the Issuer to make purchases under its Normal Course Issuer Bid at such times when the Issuer would not be permitted to trade in its Common Shares during regularly scheduled quarterly blackout periods. The ARP was approved by the TSX, and complies with the TSX Rules, applicable securities laws and this Order, and contains provisions restricting the Issuer from conducting a Block Purchase (as defined below) in accordance with the TSX Rules during the calendar week in which the Issuer completes a Proposed Purchase. Under the terms of the ARP, at times when the Issuer is not subject to blackout restrictions, the Issuer may, but is not required to, instruct the designated broker to make purchases under the Normal Course Issuer Bid in accordance with the terms of the ARP. Such purchases under the ARP will be determined by the designated broker in its sole discretion based on parameters established by the Issuer prior to any blackout period in accordance with the TSX Rules, applicable securities laws and the terms of the agreement between the designated broker and the Issuer. No Subject Shares will be acquired under the ARP or otherwise during any of the Issuer’s blackout periods.
16. The Issuer intends to enter into one or more
agreements of purchase and sale with the Selling Shareholder (each an “Agreement”), pursuant to which the Issuer will agree to purchase Subject Shares from the Selling Shareholder by way of one or more purchases, each occurring by March 16, 2015 (each such purchase, a “Proposed Purchase”) for a purchase price that will be negotiated at arm’s length between the Issuer and the Selling Shareholder (each such price, a “Purchase Price” in respect of such Proposed Purchase). The Purchase Price will, in each case, be at a discount to the prevailing market price and below the prevailing bid-ask price for the Common Shares on the TSX at the time of each Proposed Purchase.
17. The Subject Shares acquired under each
Proposed Purchase will constitute a “block” as that term is defined in section 628 of the TSX Rules.
18. The purchase of any of the Subject Shares by the
Issuer pursuant to an Agreement will constitute an “issuer bid” for the purposes of the Act, to which
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December 30, 2014
(2014), 37 OSCB 11501
the applicable Issuer Bid Requirements would apply.
19. Because the Purchase Price will, in each case, be
at a discount to the prevailing market price and below the bid-ask price for the Common Shares on the TSX at the time of the relevant Proposed Purchase, none of the Proposed Purchases can be made through the TSX trading system and, therefore, will not occur “through the facilities” of the TSX. As a result, the Issuer will be unable to acquire Subject Shares from the Selling Shareholder in reliance upon the exemption from the Issuer Bid Requirements that is available pursuant to subsection 101.2(1) of the Act.
20. But for the fact that the Purchase Price will be at a
discount to the prevailing market price and below the bid-ask price for the Common Shares on the TSX at the time of each such Proposed Purchase, the Issuer could otherwise acquire the applicable Subject Shares on the TSX as a “block purchase” (a “Block Purchase”) in accordance with the block purchase exception in clause 629(l)7 of the TSX Rules and the exemption from the Issuer Bid Requirements that is available pursuant to subsection 101.2(1) of the Act.
21. The sale of any of the Subject Shares to the
Issuer will not be a “distribution” (as defined in the Act).
22. For each Proposed Purchase, the Issuer will be
able to acquire the applicable Subject Shares from the Selling Shareholder without the Issuer being subject to the dealer registration requirements of the Act.
23. Management of the Issuer is of the view that
through the Proposed Purchase(s), the Issuer will be able to purchase the Subject Shares at a lower price than the price at which it would otherwise be able to purchase Common Shares under the Normal Course Issuer Bid through the facilities of the TSX and management of the Issuer is of the view that this is an appropriate use of the Issuer’s funds.
24. The purchase of the Subject Shares will not
adversely affect the Issuer or the rights of any of the Issuer’s security holders and it will not materially affect the control of the Issuer. To the knowledge of the Issuer, the Proposed Purchases will not prejudice the ability of other security holders of the Issuer to otherwise sell Common Shares in the open market at the then-prevailing market price. The Proposed Purchases will be carried out at minimal cost to the Issuer.
25. To the best of the Issuer’s knowledge, as of
October 31, 2014, the “public float” for the Common Shares represented approximately 92%
of all issued and outstanding Common Shares for purposes of the TSX Rules.
26. The Common Shares are “highly-liquid securities”
within the meaning of section 1.1 of OSC Rule 48-501 Trading during Distributions, Formal Bids and Share Exchange Transactions and section 1.1 of the Universal Market Integrity Rules.
27. Other than the Purchase Price, no fee or other
consideration will be paid in connection with the Proposed Purchases.
28. At the time that each Agreement is entered into by
the Issuer and the Selling Shareholder and at the time of each Proposed Purchase, neither the Issuer, nor any member of the Equity Derivatives Group of the Selling Shareholder, nor any personnel of the Selling Shareholder that negotiated the Agreement or made, participated in the making of, or provided advice in connection with, the decision to enter into the Agreement and sell the Subject Shares, will be aware of any “material change” or “material fact” (each as defined in the Act) in respect of the Issuer that has not been generally disclosed.
29. The Issuer will not purchase, pursuant to Off-
Exchange Block Purchases, in aggregate, more than one-third of the maximum number of Common Shares that the Issuer can purchase under its Normal Course Issuer Bid, such one-third being equal to 4,216,954 Common Shares as of the date of this Order.
30. Assuming completion of the purchase of the
maximum number of Subject Shares, being 1,250,000 Subject Shares, and the maximum number of Common Shares which are the subject of the November 2014 Order, being 1,210,163 Common Shares, the Issuer will have purchased under the Normal Course Issuer Bid an aggregate of 4,216,954 Common Shares pursuant to Off-Exchange Block Purchases, representing one-third of the maximum of 12,650,862 Common Shares authorized to be purchased under the Normal Course Issuer Bid.
AND UPON the Commission being satisfied to do so would not be prejudicial to the public interest; IT IS ORDERED pursuant to clause 104(2)(c) of the Act that the Issuer be exempt from the Issuer Bid Requirements in connection with the Proposed Purchases, provided that:
(a) the Proposed Purchases will be taken into account by the Issuer when calcu-lating the maximum annual aggregate limit that is imposed upon the Issuer’s Normal Course Issuer Bid in accordance with the TSX Rules;
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(2014), 37 OSCB 11502
(b) the Issuer will refrain from conducting either a Block Purchase in accordance with the TSX Rules, or another Off-Exchange Block Purchase, during the calendar week in which it completes a Proposed Purchase and will not make any further purchases under its Normal Course Issuer Bid for the remainder of the calendar day on which it completes a Proposed Purchase;
(c) the Purchase Price in respect of each
Proposed Purchase will be at a discount to the last “independent trade” (as that term is used in paragraph 629(l)1 of the TSX Rules) of a board lot of Common Shares immediately prior to the execution of such Proposed Purchase;
(d) the Issuer will otherwise acquire any
additional Common Shares pursuant to its Normal Course Issuer Bid in accordance with the Notice and the TSX Rules, including by means of open market transactions and by such other means as may be permitted by the TSX, including under automatic trading plans and, subject to condition (i) below, by Off-Exchange Block Purchases;
(e) immediately following each Proposed
Purchase of Subject Shares from the Selling Shareholder, the Issuer will report the purchase of Subject Shares to the TSX;
(f) at the time that each Agreement is
entered into by the Issuer and the Selling Shareholder and at the time of each Proposed Purchase, neither the Issuer, nor any member of the Equity Derivatives Group of the Selling Shareholder, nor any personnel of the Selling Shareholder that negotiated the Agreement or made, participated in the making of, or provided advice in connection with, the decision to enter into the Agreement and sell the Subject Shares, will be aware of any “material change” or “material fact” (each as defined in the Act) in respect of the Issuer that has not been generally disclosed;
(g) in advance of the first Proposed
Purchase, the Issuer will issue a press release disclosing (i) its intention to make the Proposed Purchases, and (ii) that information regarding each Proposed Purchase, including the number of Common Shares purchased and the aggregate purchase price, will be available on the System for Electronic Document Analysis and Retrieval
(SEDAR) following the completion of each such purchase;
(h) the Issuer will report information
regarding each Proposed Purchase, including the number of Subject Shares purchased and the aggregate Purchase Price, on SEDAR before 5:00 p.m. (Toronto time) on the business day following such purchase;
(i) the Issuer does not purchase, pursuant
to Off-Exchange Block Purchases, in the aggregate more than one-third of the maximum number of Common Shares the Issuer can purchase under its Normal Course Issuer Bid, such one-third being equal to, as of the date of this Order, 4,216,954 Common Shares; and
(j) the Issuer will not make any Proposed
Purchase unless it has first obtained confirmation in writing that between the date of this Order and the date on which such Proposed Purchase is to be completed, the Selling Shareholder has not purchased, had purchased on its behalf, or otherwise accumulated, any Common Shares.
DATED at Toronto, Ontario this 5th day of December, 2014. “Edward P. Kerwin” Commissioner Ontario Securities Commission “Mary Condon” Commissioner Ontario Securities Commission
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11503
2.2.12 Ontario Teachers’ Pension Plan Board and ISS A/S Headnote Subsection 74(1) – Application for exemption from prospectus requirement in connection with first trade of shares of issuer through exchange or market outside of Canada or to person or company outside of Canada – issuer not a reporting issuer in any jurisdiction in Canada – conditions of the exemption in section 2.14 of National Instrument 45-102 Resale of Securities not satisfied as residents of Canada own more than 10% of the total number of shares – relief granted subject to conditions. Statutes Cited Securities Act, R.S.O. 1990, c. S.5, as am.
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED (THE “ACT”)
AND
IN THE MATTER OF ONTARIO TEACHERS’ PENSION PLAN BOARD AND ISS A/S
ORDER
Background The Ontario Securities Commission has received an application from the Ontario Teachers’ Pension Plan Board (the “Applicant”) for an order pursuant to section 74(1) of the Act for an exemption from the prospectus requirement contained in section 53 of the Act in connection with the first trades of ordinary shares (the “Shares”) of ISS A/S (the “Company”) acquired by the Applicant as a result of the Offering and the Reorganization (as such terms are defined below) (the “Requested Relief”). Interpretation Defined terms contained in National Instrument 14-101 Definitions have the same meaning in this decision unless they are defined in this decision. Representations This order is based on the following facts represented by the Applicant: 1. The Applicant is an independent corporation established on December 31, 1989 by the Teachers’ Pension Act
(Ontario) to administer and manage a pension plan established for the benefit of the Province of Ontario’s primary and secondary school teachers and to pay members of the pension plan their respective benefits under the plan. The head office of the Applicant is located at 5650 Yonge Street, Toronto, Ontario, Canada.
2. The Company is a leading provider of facility services (such as cleaning, property, catering, support, security and other
facility management services), with operations in approximately 70 countries worldwide. The Company’s registered office is located at Buddingevej 197, DK-2860 Søborg, Denmark.
3. The Company is incorporated as a public limited liability company under the laws of Denmark, with its Shares listed on
NASDAQ OMX Copenhagen. The Company has advised the Applicant that to the best of the Company’s knowledge it is not in default of any requirements of the NASDAQ OMX Copenhagen, or the applicable securities laws of Denmark or any jurisdiction of Canada.
4. The Company completed its initial public offering of Shares on March 18, 2014 (the “Offering”). A total of 58,908,644
Shares were distributed in the Offering, of which 50,224,907 Shares were sold by the Company and 8,683,737 (inclusive of Shares sold under an over-allotment option) Shares were sold by shareholders of the Company.
5. Immediately prior to the Offering, the sole shareholder of the Company was FS Invest II S.à.r.l., which was in turn
controlled by FS Invest S.à.r.l. FS Invest S.à.r.l. was owned by EQT Funds (40%), funds advised by affiliates of Goldman Sachs (33%), the Applicant (through 2337323 Ontario Limited) (18%) and KIRKBI Invest A/S (8%), with the remaining ownership interest held by or on behalf of current and former directors and officers of the Company.
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December 30, 2014
(2014), 37 OSCB 11504
6. The Applicant originally acquired its indirect interest in the Company in August 2012, in reliance on the “private issuer” and/or “accredited investor” prospectus exemptions contained in National Instrument 45-106.
7. A reorganization was undertaken immediately prior to the Offering, such that certain of the Company’s indirect
shareholders would hold a direct interest in Shares (the “Reorganization”). In connection with the Reorganization, the Applicant replaced 2337323 Ontario Limited as a direct shareholder of the Company.
8. As of March 31, 2014, after giving effect to the Reorganization and the Offering, the Company had 185,668,226 Shares
issued and outstanding. 9. As of March 31, 2014 24,650,748 Shares (or 13.28%) were held by the Applicant. The Applicant represented less than
0.01% of the total number of owners, directly or indirectly, of the Shares. 10. To the best of the Applicant’s knowledge, based on a certificate from the Company (the “ISS Certificate”), as of March
18, 2014, after giving effect to the Reorganization and the Offering, residents of Canada, other than the Applicant: (a) owned, directly or indirectly, 49,569 Shares, representing 0.03% of the outstanding Shares; and (b) represented one (1) holder of Shares, representing less than 0.01% of the total number of owners, directly or
indirectly, of the Shares.
11. For greater certainty, as of March 18, 2014, after giving effect to the Reorganization and the Offering, Canadian residents other than the Applicant did not own, directly or indirectly, more than 10% of the outstanding Shares, and did not represent in number more than 10% of the total number of owners of the Shares, directly or indirectly.
12. As of August 20, 2014:
(a) the Company had 185,668,226 Shares issued and outstanding; (b) the Applicant held 24,650,748 Shares, representing 13.28% of the total number of outstanding Shares,
representing less than 0.01% of the total number of owners, directly or indirectly, of the Shares; and (c) apart from the Shares, the Company did not have any other securities, including debt securities, issued and
outstanding.
13. The Applicant has not acquired any additional Shares since the Reorganization. The Applicant does not hold any derivatives in respect of the Shares.
14. The Applicant understands that the information in the ISS Certificate is based on (i) the Company’s knowledge of its
shareholder base prior to giving effect to the Offering, and (ii) inquiries made of the Company’s underwriters who undertook the distribution of Shares in the Offering, including Canadian selling efforts on a private placement basis.
15. The Company is not a reporting issuer or its equivalent in the Province of Ontario or any other province or territory of
Canada, nor are any of its securities listed or posted for trading on any exchange, or market, located in Canada. 16. The Company has advised the Applicant that it has no present intention of becoming listed in Canada or of becoming a
reporting issuer under the Act or under any other Canadian securities laws, and no market for the Shares exists in Canada and none is expected to develop.
17. In the absence of the exemption requested hereby, the Applicant takes the view that the first trade of Shares held by
the Applicant will be deemed to be a distribution and subject to section 53 of the Act. 18. The prospectus exemptions in sections 2.5 and 2.6 of National Instrument 45-102 will not be applicable in this situation
because the Company is not a reporting issuer or its equivalent in the Province of Ontario or any other province or territory of Canada.
19. The prospectus exemption in section 2.14 of National Instrument 45-102 would be applicable in this situation, but will
not be available to the Applicant (or any other holder of Shares in Canada) with respect to its first trade of Shares because residents of Canada, including the Applicant, owned more than 10% of the outstanding Shares at the date of the distribution of the Shares.
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11505
Order The Commission is satisfied that this order meets the test set out in Section 74(1) of the Act. The order of the Commission under Section 74(1) of the Act is that the Requested Relief is granted provided that:
(i) the Company:
(A) was not a reporting issuer in any jurisdiction of Canada at the distribution date; or (B) is not a reporting issuer in any jurisdiction of Canada at the date of the trade;
(ii) the trade is executed through the facilities of NASDAQ OMX Copenhagen or through any other exchange or
market outside Canada or to a person or company outside of Canada; and (iii) at the distribution date of the Shares, after giving effect to the issue of the Shares and any other shares of the
same class or series that were issued at the same time as or as part of the same distribution as the Shares, residents of Canada (excluding the Applicant):
(A) did not own directly or indirectly more than 10 percent of the outstanding Shares, and (B) did not represent in number more than 10 percent of the total number of owners directly or indirectly
of Shares. DATED at Toronto on this 2nd day of December , 2014. “James Turner” “Judith Robertson”
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11506
2.2.13 Alexander Christ Doulis and Liberty Consulting Ltd. – ss. 127, 127.1
IN THE MATTER OF
THE SECURITIES ACT, R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF
ALEXANDER CHRIST DOULIS (aka ALEXANDER CHRISTOS DOULIS, aka ALEXANDROS CHRISTODOULIDIS)
and LIBERTY CONSULTING LTD.
ORDER (Sections 127 and 127.1 of the Securities Act)
WHEREAS on January 14, 2011, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing, returnable on March 10, 2011, in relation to a Statement of Allegations brought by Staff of the Commission (“Staff”) with respect to Alexander Christ Doulis (also known as Alexander Christos Doulis, also known as Alexandros Christodoulidis) (“Doulis”) and Liberty Consulting Ltd. (“Liberty”) (together, the “Respondents”); AND WHEREAS the Merits Hearing took place on February 4, 7, 8, 11 and 13, 2013 and on April 3, 4 and 5, 2013, and closing submissions were scheduled to be heard on July 3, 2013; AND WHEREAS at the hearing on July 3, 2013, it became clear that the matter is not ready to be heard; AND WHEREAS the closing argument of Staff and the Respondents was heard on July 30, 2013, at 10:00 a.m.; AND WHEREAS by decision and reasons dated September 18, 2014 (the “Merits Decision”), the Commission found that:
(a) between January 1, 2004 and Septem-ber, 2010, Doulis and Liberty engaged in the business of advising with respect to investing in, buying or selling securities without being registered in accordance with Ontario securities law in any category of adviser, contrary to sub-section 25(3) the Act, previously subsection 25(1)(c) of the Act;
(b) between July 2009 and September 2010,
Doulis made statements to Staff that, in a material respect and at the time and in light of the circumstances under which they were made, were misleading or untrue or did not state facts that were required to be stated or that were necessary to make the statements not
misleading, contrary to s. 122(1)(a) of the Act; and
(c) Doulis and Liberty acted contrary to the
public interest; AND WHEREAS on October 7, 2014, a hearing was held before the Commission, by way of an electronic hearing where the Panel participated via teleconference, to consider pursuant to sections 127 and 127.1 of the Act, whether it was in the public interest to make an order imposing sanctions on, and the payment of costs of the investigation and hearing by, the Respondents; 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) pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities by each of Liberty and Doulis shall cease for a period of 15 years;
(b) pursuant to paragraph 2.1 of subsection
127(1) of the Act, the acquisition of any securities by each of Liberty and Doulis shall be prohibited for a period of 15 years;
(c) pursuant to paragraph 3 of subsection
127(1) of the Act, any exemptions contained in Ontario securities law shall not apply to each of Liberty and Doulis for a period of 15 years;
(d) pursuant to paragraph 6 of subsection
127(1) of the Act, that Doulis be reprimanded;
(e) pursuant to paragraph 9 of subsection
127(1) of the Act, Liberty shall pay an administrative penalty of $100,000 for its non-compliance with Ontario securities law, to be designated for allocation or use by the Commission, pursuant to subsection 3.4(2)(b) of the Act;
(f) pursuant to paragraph 9 of subsection
127(1) of the Act, Doulis shall pay an administrative penalty of $200,000 for his non-compliance with Ontario securities law, to be designated for allocation or use by the Commission, pursuant to subsection 3.4(2)(b) of the Act;
(g) pursuant to paragraph 10 of subsection
127(1) of the Act, Liberty and Doulis shall jointly and severally disgorge to the Commission a total of CDN $37,317 and USD $8,454 that was obtained as a result of their non-compliance with Ontario securities law, to be designated
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11507
for allocation or use by the Commission, pursuant to subsection 3.4(2)(b) of the Act;
(h) pursuant to subsection 127.1 of the Act,
Liberty and Doulis shall jointly and severally pay $198,619.78 for the costs incurred in this matter.
DATED at Toronto, this 22nd day of December, 2014.
“Vern Krishna”
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11508
2.2.14 Ontario Teachers’ Pension Plan Board and Louis XIII Holdings Limited Headnote Subsection 74(1) – Application for exemption from prospectus requirement in connection with first trade of shares of issuer through exchange or market outside of Canada or to person or company outside of Canada – issuer not a reporting issuer in any jurisdiction in Canada – conditions of the exemption in section 2.14 of National Instrument 45-102 Resale of Securities not satisfied as residents of Canada own more than 10% of the total number of shares – relief granted subject to conditions. Statutes Cited Securities Act, R.S.O. 1990, c. S.5, as am.
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED (THE “ACT”)
AND
IN THE MATTER OF ONTARIO TEACHERS PENSION PLAN BOARD AND LOUIS XIII HOLDINGS LIMITED
ORDER
Background The Ontario Securities Commission has received an application from the Ontario Teachers’ Pension Plan Board (the “Applicant”) for an order pursuant to section 74(1) of the Act for an exemption from the prospectus requirement contained in section 53 of the Act in connection with the first trades of convertible bonds (the “Convertible Bonds”) of Louis XIII Holdings Limited (“Louis XIII”) acquired by the Applicant pursuant to the First Securities Placement and the Second Securities Placement, as defined below, and ordinary shares (the “Shares”) of Louis XIII that the Applicant would receive upon exchange of such Convertible Bonds (the “Requested Relief”). Interpretation Defined terms contained in National Instrument 14-101 Definitions have the same meaning in this decision unless they are defined in this decision. Representations This order is based on the following facts represented by the Applicant: 1. The Applicant is an independent corporation established on December 31, 1989 by the Teachers’ Pension Act
(Ontario) to administer and manage a pension plan established for the benefit of the Province of Ontario’s primary and secondary school teachers and to pay members of the pension plan their respective benefits under the plan. The head office of the Applicant is located at 5650 Yonge Street, Toronto, Ontario, Canada.
2. Louis XIII is a limited liability corporation incorporated under the laws of Bermuda, with shares listed on the Stock
Exchange of Hong Kong (the “SEHK”). The core businesses of Louis XIII include management contracting, property development management and property investment, primarily serving clients based in Hong Kong, China and Macau. The principal place of business of Louis XIII is located at 2901 AIA Central, 1 Connaught Road Central, Hong Kong. Louis XIII has advised the Applicant that, to the best of Louis XIII’s knowledge, it is not in default of any requirements of the SEHK or the applicable securities laws of China, Bermuda or any jurisdiction of Canada.
3. In a Louis XIII press release dated January 25, 2013, Louis XIII announced that it had successfully raised gross
proceeds of HK$3,200 million from the placement of Shares and Convertible Bonds (collectively, the “First Securities Placement”).
4. Pursuant to the First Securities Placement, OTPP subscribed for HK$1,007.50 million principal amount of Convertible
Bonds convertible for 1,481,617,647 Shares at a conversion price of HK$0.68. The Convertible Bonds were sold to OTPP on a private placement basis in reliance on the “accredited investor” prospectus exemption contained in Section 2.3 of National Instrument 45-106 Prospectus and Registration Exemptions (NI 45-106). The Convertible Bonds may
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11509
be converted to Shares at the applicable prescribed price at any time commencing on the date of issue and up to seven days prior to their maturity date, subject to certain early redemption rights.
5. As disclosed in a Louis XIII press release dated April 24, 2013, effective April 3, 2013, the corporate name of Louis XIII
was changed to “Louis XIII Holdings Limited” from “Paul Y. Engineering Group Limited”. 6. As part of a special general meeting of Louis XIII held on May 24, 2013, the shareholders of Louis XIII approved a
resolution of the board of directors of Louis XIII to consolidate the Shares (the “Share Consolidation”). Pursuant to the Share Consolidation, every ten (10) issued and unissued Shares of HK$0.20 each in the share capital of Louis XIII was consolidated into one (1) Share of HK$2.00 each. After giving effect to the Share Consolidation, OTPP held HK$1,007.50 million principal amount of Convertible Bonds convertible for 148,161,764.7 Shares at a new conversion price of HK$6.80 per Share.
7. In a Louis XIII press release dated December 16, 2013, Louis XIII announced that it had successfully raised gross
proceeds of HK$441.27 million from the placement of Shares and Convertible Bonds (collectively, the “Second Securities Placement”).
8. Pursuant to the Second Securities Placement, OTPP subscribed for HK$299.94 million principal amount of Convertible
Bonds convertible for 36,445,000 Shares at a conversion price of HK$8.23 per Share. The Convertible Bonds were sold to OTPP on a private placement basis in reliance on the “accredited investor” prospectus exemption contained in Section 2.3 of National Instrument 45-106. The Convertible Bonds may be converted to Shares at the applicable prescribed price at any time commencing on the date of issue and up to seven days prior to their maturity date, subject to certain early redemption rights.
9. As of the effective date of the Second Securities Placement, the conversion price of the outstanding Convertible Bonds
issued pursuant to the First Securities Placement was adjusted to $6.55 per Share. As a result, the HK$1007.50 principal amount of Convertible Bonds held by OTPP pursuant to the First Securities Placement were convertible for 153,816,793 Shares.
10. As disclosed in a securities disclosure filing dated December 16, 2013, as of the effective date of the Second Securities
Placement, the share capital of Louis XIII consisted of 449,596,510 Shares. Upon full conversion of the Convertible Bonds, the issued share capital of Louis XIII would be 663,644,563 Shares.
11. As of the effective date of the Second Securities Placement, OTPP held approximately HK$1,307.44 million principal
amount of Convertible Bonds convertible for (i) 153,816,793 Shares at a conversion price of HK$6.55; and (ii) 36,445,000 Shares at a conversion price of HK$8.23, which together would have represented approximately 28.7% of the Shares, calculated on a fully-diluted basis after giving effect to the Second Securities Placement.
12. To the best of OTPP’s knowledge, based on a certificate from Louis XIII, as of August 12, 2014:
(a) there were issued and outstanding 449,596,510 Shares and HK$1,463,242,350 principal amount of
Convertible Bonds; (b) the number of beneficial holders of Shares was 581 and the number of beneficial holders of Convertible
Bonds was 4; (c) OTPP held HK$1,307.44 principal amount of Convertible Bonds, representing approximately 89.35% of the
total principal amount of outstanding Convertible Bonds; (d) the Convertible Bonds held by OTPP were convertible for 190,261,793 Shares, which, on an as-converted
basis, would have represented approximately 42.32% of the total number of outstanding Shares; (e) OTPP represented 25% of the outstanding number of holders of Convertible Bonds; (f) OTPP, on an as-converted basis, represented approximately 0.17% of the outstanding number of holders of
Shares; (g) residents of Canada, other than OTPP, did not own, directly or indirectly, any Convertible Bonds; and (h) residents of Canada, other than OTPP, did not own, directly or indirectly, any Shares.
13. Based on correspondence with Louis XIII, as of August 12, 2014, other than the Convertible Bonds and Shares, there were no other outstanding securities of Louis XIII other than certain exchange rights entitling holders thereof to
Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11510
purchase Shares. At such time, residents of Canada, including OTPP, did not own, directly or indirectly, any such exchange rights.
14. Louis XIII is not a reporting issuer or its equivalent in the Province of Ontario or any other province or territory of
Canada, nor are any of its securities listed or posted for trading on any exchange, or market, located in Canada. 15. Louis XIII has advised OTPP that it has no present intention of becoming listed in Canada or of becoming a reporting
issuer under the Act or under any other Canadian securities laws, and no market for the Convertible Bonds or Shares exists in Canada and none is expected to develop.
16. In the absence of the exemption requested hereby, the Applicant takes the view that the first trade of Convertible
Bonds or Shares held by the Applicant will be deemed to be a distribution and subject to section 53 of the Act. 17. The prospectus exemptions in sections 2.5 and 2.6 of National Instrument 45-102 Resale of Securities will not be
applicable in this situation because Louis XIII is not a reporting issuer or its equivalent in the Province of Ontario or any other province or territory of Canada.
18. The prospectus exemption in section 2.14 of National Instrument 45-102 would be applicable in this situation, but will
not be available to the Applicant (or any other holder of Convertible Bonds or Shares in Canada) with respect to its first trade of Convertible Bonds or Shares because residents of Canada, including the Applicant, owned more than 10% of the outstanding Convertible Bonds or Shares at the date of the distribution of the Convertible Bonds and Shares, respectively.
Order The Commission is satisfied that this order meets the test set out in Section 74(1) of the Act. The order of the Commission under Section 74(1) of the Act is that the Requested Relief is granted provided that: i) Louis XIII:
(A) was not a reporting issuer in any jurisdiction of Canada at the distribution date; or (B) is not a reporting issuer in any jurisdiction of Canada at the date of the trade;
ii) the trade is executed through the facilities of the SEHK or through any other exchange or market outside Canada or to a person or company outside of Canada; and
iii) at the distribution date of the Convertible Bonds, after giving effect to the issue of such Convertible Bonds, including
Convertible Bonds of the same class or series that were issued at the same time or as part of the same distribution, and including the Shares that would be issued upon conversion of the Convertible Bonds, residents of Canada (excluding the Applicant):
(a) did not own, directly or indirectly, more than 10 percent of the outstanding Convertible Bonds and would not have
owned, directly or indirectly, more than 10 percent of the outstanding Shares; and (b) did not represent in number more than 10 percent of the total number of owners, directly or indirectly, of Convertible
Bonds and would not have represented in number more than 10 percent of the total number of owners, directly or indirectly, of Shares.
DATED at Toronto on this 2nd day of December, 2014. “James Turner” “Judith Robertson”
December 30, 2014
(2014), 37 OSCB 11511
Chapter 3
Reasons: Decisions, Orders and Rulings 3.1 OSC Decisions, Orders and Rulings 3.1.1 Alexander Christ Doulis and Liberty Consulting Ltd. – ss. 127, 127.1
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
AND
ALEXANDER CHRIST DOULIS (aka ALEXANDER CHRISTOS DOULIS, aka ALEXANDROS CHRISTODOULIDIS)
and LIBERTY CONSULTING LTD.
REASONS AND DECISION ON SANCTIONS AND COSTS (Sections 127 and 127.1 of the Securities Act)
Hearing: October 7, 2014
Decision: December 22, 2014
Panel: Vern Krishna, CM, QC, LSM – Commissioner and Chair of the Panel
Counsel: Sean Horgan – For Staff of the Commission
Appearances: Alexander Doulis – Self-represented
– No one appeared for Liberty Consulting Ltd.
TABLE OF CONTENTS
I. OVERVIEW
A. History of the Proceedings B. The Sanctions and Costs Hearing
II. THE MERITS DECISION III. THE POSITION OF THE PARTIES
A. Staff’s Submissions B. Respondents’ Submissions
IV. ANALYSIS A. The Applicable Law on Sanctions B. Relevant Sanctioning Factors C. Appropriate Sanctions in this Matter
1. Prohibitions on Participation in the Capital Markets 2. Administrative Penalties 3. Disgorgement 4. Doulis’ Requested Sanctions against Staff
D. Costs 1. The Applicable Law 2. Analysis
V. CONCLUSION
Reasons: Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11512
REASONS AND DECISION ON SANCTIONS AND COSTS I. OVERVIEW A. History of the Proceedings [1] This was a hearing before the Ontario Securities Commission (the “Commission”) 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 an order with respect to sanctions and costs against Alexander Doulis (“Doulis”) and Liberty Consulting Ltd (“Liberty”, and together the “Respondents”). [2] On March 10, 2011, a different panel of the Commission heard Staff’s application for a temporary order (the “Temporary Order Hearing”) that the Respondents cease trading in securities and acquiring any securities except for the benefit of Doulis personally or that of his spouse, and that any exemptions contained in Ontario securities law do not apply to the Respondents. The application was granted except that the request for a temporary order prohibiting acquisition of securities was declined in absence of submissions as to whether the Act gave the Commission authority to issue such order on a temporary basis (Merits Decision, supra at para. 5). [3] The hearing on the merits in this matter took place on February 4, 7, 8, 11 and 13, April 3, 4 and 5, and July 3 and 30, 2013 (the “Merits Hearing”). Doulis appeared and participated in the Merits Hearing. Liberty, the other respondent, did not participate in the proceeding. The Reasons and Decision on the merits was issued on September 18, 2014 (Re Alexander Christ Doulis and Liberty Consulting Ltd (2014), 37 OSCB 8911 (the “Merits Decision”)). The Commission issued a Notice of Hearing and an order, both dated September 18, 2014, that the hearing with respect to sanctions and costs be held on October 7, 2014 as an electronic hearing (the “Sanctions and Costs Hearing”) where only the Panel would participate via teleconference. [4] The Notice of Hearing dated September 18, 2014 included notice that “a party who objects to the hearing on sanctions and costs being conducted by way of an electronic hearing where only the Panel will participate via teleconference, shall file and serve a notice of objection setting out the reasons for the objection within 5 days after receiving this notice of electronic hearing”. Neither party objected to the Sanctions and Costs Hearing being conducted as an electronic hearing. B. The Sanctions and Costs Hearing [5] Staff filed its written submissions dated September 24, 2014, a Brief of Authorities and a Bill of Costs, which includes an Affidavit of Laura Fisher sworn September 24, 2014 (the “Fisher Affidavit”). Staff filed the Affidavit of Tia Faerber sworn September 26, 2014 (the “Faerber Affidavit”) evidencing service of Staff’s written submissions, Brief of Authorities and Bill of Costs which includes the Fisher Affidavit, on the Respondents. [6] Doulis provided written submissions filed and dated September 29, 2014, and provided a page concerning the profile on Linked In of a former investigator of the Commission, Mr. Larry Masci. [7] On October 7, 2014, the Commission held the Sanctions and Costs Hearing. Staff and Doulis appeared and made submissions. Doulis appeared in person on his own behalf, and no one appeared for Liberty. [8] At the Sanctions and Costs Hearing, Staff made submissions on its efforts to serve all the Respondents with its written submissions, Brief of Authorities and Bill of Costs. I was satisfied, based on Staff’s submissions and the Faerber Affidavit, that Liberty and Doulis received notice of the Sanctions and Costs Hearing and that I could proceed in the absence of these respondents, in accordance with section 7 of the Statutory Powers Procedure Act, R.S.O. 1990, c. S.22, as amended, and Rule 7.1 of the Commission’s Rules of Procedure (2014), 37 O.S.C.B. 4168 (the “Rules of Procedure”). II. THE MERITS DECISION [9] From January 1, 2004 to September 2010 (the “Material Time”), the Respondents engaged in the business of advising with respect to investing in, buying or selling securities without being registered in accordance with Ontario securities law in any category of adviser. Between July 2009 and September 2010, Doulis made statements to Staff that in a material respect and at the time and in light of the circumstances under which they were made, were misleading or untrue or did not state facts that were required to be stated or that were necessary to make the statements not misleading. [10] The evidence presented at the Merits Hearing demonstrated that, during the Material Time, the conduct of the Respondents had a significant and substantial connection to Ontario (Merits Decision, supra at para. 24). There was clear and convincing evidence that on a balance of probability, each of the Respondents acted as an advisor to Ontario investors without being registered. Each of the Respondents should have taken the necessary steps to ensure that the proper registrations were in place and that their activities were in compliance with Ontario securities law (Merits Decision, supra at para. 212).
Reasons: Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11513
[11] Doulis acted as a portfolio manager, which is a category of advisor for registration, for the purpose of managing the investment portfolios of clients through discretionary authority granted to him by each client through a Power of Attorney (“POA”). Doulis offered this advice in a manner that reflected a business purpose (Merits Decision, supra at para. 211). [12] Doulis prepared and sent invoices to clients for the discretionary account management services he provided through Liberty and charged client for ‘portfolio services’ (Merits Decision, supra at para. 211). Doulis used Liberty as a vehicle to collect the fees that he charged for his advising of clients. [13] As a former registrant, having previously passed the Chartered Financial Analyst exam, among other things, Doulis had a higher level of awareness of the requirements under Ontario securities law and knew or ought to have known the importance of those requirements to the capital markets in Ontario. [14] Doulis held POAs over the accounts of 12 individuals and corporations at Desjardins Securities Inc. (Merits Decision, supra at para. 217). He did not discuss any purchase or sale of securities with any of the clients but relied on the discretionary authority that the POA form provided to him. [15] Doulis established the business of Liberty which he used to promote securities and to buy and sell securities on behalf of clients. Liberty, by Doulis’ own admission paid him a retainer to advise them on the state of Canadian capital markets (Merits Decision, supra at para. 224). Each of the investor witnesses called during the Merits Hearing (the “Investor Witnesses”) testified that they paid a half of one percent of the value of their respective portfolios at the end of the year to Liberty (Merits Decision, supra at para. 233). [16] Doulis made numerous false and misleading statements to Staff, and falsely minimized his role with Liberty. He said that he did not send, nor was he aware that anyone had sent, invoices to the clients. Doulis said that he did not know what remuneration Liberty received; and that he was not being paid directly or indirectly by any of the clients (Merits Decision, supra at para. 251). [17] Doulis also misled Staff during a phone interview by stating that he provided no services to clients and that they do not pay him a dime (Merits Decision, supra at para. 253), and during compelled examination by minimizing his role at Liberty (Merits Decision, supra at para. 254). [18] I found that Doulis was the directing mind of Liberty and remained the directing mind during the Material Time notwithstanding that he transferred his formal ownership of Liberty to the Paladin Trust (Merits Decision, supra at para. 259). Staff provided evidence consisting of a series of emails that showed Doulis directed funds of Liberty (Merits Decision, supra at para. 255), transferred funds from bank accounts to brokerage accounts belonging to Liberty, and that Doulis was at various times, the sole director and president of Liberty, including establishing the accounts belonging to Liberty (Merits Decision, supra at para. 257). [19] Doulis made inconsistent statements with regards to providing investment advice. In particular, he testified in the Temporary Order Hearing that he had provided investment advice to two investors and they each paid Liberty. Then, in the Merits Hearing, Doulis explained that the investors were paying for Liberty’s services and not for investment advice. Doulis also testified that investors were paying Liberty for services he performed for them (Merits Decision, supra at para. 266 citing Transcript of the Temporary Order Hearing and Transcript of the Merits Hearing). Doulis also made inconsistent statements about his relationship with Liberty, (Merits Decision, supra at paras. 267-269), and among others, about his relationship with Investor Witnesses (Merits Decision, supra at para. 270). [20] In the Merits Decision, I concluded that:
(a) between January 1, 2004 and September, 2010, Doulis and Liberty engaged in the business of advising with respect to investing in, buying or selling securities without being registered in accordance with Ontario securities law in any category of adviser, contrary to subsection 25(3) the Act, previously subsection 25(1)(c) of the Act;
(b) between July 2009 and September 2010, Doulis made statements to Staff that, in a material respect and at
the time and in light of the circumstances under which they were made, were misleading or untrue or did not state facts that were required to be stated or that were necessary to make the statements not misleading, contrary to s. 122(1)(a) of the Act; and
(c) Doulis and Liberty acted contrary to the public interest. (Merits Decision, supra at para. 274)
Reasons: Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11514
[21] During the Merits Hearing, Doulis submitted that Staff’s conduct violated his rights pursuant to subsections 11(b) and 11(c) of the Canadian Charter of Rights and Freedoms, Part I of the Constitution Act, 1982, being Schedule B to the Canada Act 1982 (UK), 1982, c 11 (the “Charter”). Doulis submitted that he was denied his right to be tried within a reasonable amount of time, and that Staff placed him in a position that he had to testify in the Merits Hearing contrary to Charter principles by virtue of not calling Mr. Larry Masci as a witness. Staff submitted that section 11 of the Charter is not applicable in the regulatory proceeding and that the activities of the Commission are not punitive (Merits Decision, supra paras. 156 and 158). [22] Relying on R v. Wigglesworth (1987) 2 SCR 54 and R v. Morin, [1992] 1 SCR 771, I noted that the onus is on Doulis to prove that the regulatory offence is punitive in nature, and that prejudice has occurred. Having heard the submissions of Doulis and Staff, I found that administrative proceedings of this nature are not captured by section 11 of the Charter, and that the penalties sought by Staff are not penal in nature (Merits Decision, supra at para. 161). I noted in the Merits Decision at paragraphs 163-165, that this finding is consistent with other decisions of the Commission where the Commission held that a hearing under section 127 of the Act is fundamentally regulatory and it does not engage the Charter (Re Rowan (2010), 33 OSCB 1589 (“Rowan”); Re Boock (2010), 33 OSCB 1589; Re Cornwall (2008), 31 OSCB 4840). I addressed these Charter arguments in the Merits Decision, and there were no other Charter arguments raised in the Sanctions and Costs Hearing. [23] I also reminded Doulis in the Sanctions and Costs Hearing that there is no property in a witness. The Commission and the courts have recognized the maxim that there are no property rights in a witness (See Re Mega-C Power Corp., (2010) 33 OSCB 8290 at para 314; Cairns v Mississauga (City) [2006] OJ No 454 (Div Ct)). Doulis cannot tell Staff how to conduct its case, and who to call as a witness. Doulis was free to call any witnesses he chose to support his position in response to the allegations. It was open to Doulis to call Larry Masci as a witness, and he did not do so. III. THE POSITION OF THE PARTIES A. Staff’s Submissions [24] Staff requests the following sanctions against the Respondents and submits that these sanctions are appropriate and in the public interest:
(a) an order pursuant to clause 2 of subsection 127(1) of the Act that trading in any securities by Doulis and Liberty shall cease permanently;
(b) an order pursuant to clause 2.1 of subsection 127(1) of the Act that the acquisition of any securities by Doulis
or Liberty is prohibited permanently; (c) an order pursuant to clause 3 of subsection 127(1) of the Act that any exemptions in Ontario securities law do
not apply to Doulis or Liberty permanently; (d) an order pursuant to clause 6 of subsection 127(1) of the Act that Doulis be reprimanded; (e) an order pursuant to clause 7 of subsection 127(1) of the Act that Doulis resign any position that he holds as a
director or officer of an issuer; (f) an order pursuant to clause 8 of subsection 127(1) of the Act that Doulis be prohibited permanently from
becoming or acting as a director or officer of any issuer; (g) an order pursuant to clause 8.5 of subsection 127(1) of the Act that Doulis be prohibited permanently from
becoming or acting as a registrant, an investment fund manager or as a promoter; (h) an order pursuant to clause 9 of subsection 127(1) of the Act that Doulis pay an administrative penalty of
$200,000 to be designated for allocation to or for the benefit of third parties in accordance with subsection 3.4(2)(b) of the Act;
(i) an order pursuant to clause 9 of subsection 127(1) of the Act that Liberty pay an administrative penalty of
$100,000 to be designated for allocation to or for the benefit of third parties in accordance with subsection 3.4(2)(b) of the Act;
(j) an order pursuant to clause 10 of subsection 127(1) of the Act that Doulis and Liberty jointly and severally
disgorge to the Commission a total of CDN $37,696 and USD $8,454, to be designated for allocation to or for the benefit of third parties in accordance with subsection 3.4(2)(b) of the Act; and
(k) an order pursuant to subsections 127.1(1) and (2) of the Act that Doulis and Liberty jointly and severally pay
investigation and hearing costs in the amount of $302,959.78.
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B. Respondents’ Submissions [25] Doulis submits that no sanctions be ordered against him, and that the following sanctions be ordered against Staff:
(a) Punitive damages of $500,000 to be paid to Doulis for reputational damage and as punishment for the egregious behaviour of Staff;
(b) Costs in the amount of $32,216 to be paid to Doulis for legal fees and $48,000 for Doulis’ time and efforts; (c) Criminal action be brought by the Commission against Larry Masci for violations of sections 362 and 374 of
the Criminal Code of Canada; (d) Criminal action be brought by the Commission against Jonathon Feasby for violations of Sections 362, 374
and 423 of the Criminal Code of Canada; and (e) An action by the Commission against Jonathon Feasby for violation of section 122(1)(a) of the Act.
[26] Doulis submits that the Panel did not find him guilty of advising. Doulis states that it was probable but not necessarily proven that he engaged in advising. Doulis submits that no proof exists that he provided investment advice. [27] Doulis requests the sanctions and costs against Staff because he submits that he was victimized by the continual abuse of the Criminal Code of Canada by Staff and that the Commission was negligent, if not aware, of the criminal actions of its employees. Doulis submits that Staff was unaware, but should have been aware, that it is a criminal offence in the Turks & Caicos Islands to disclose either bank or corporate information of a domiciled company over which one is not a director. Doulis submits that Staff persisted in counseling criminal behavior and subsequently committed a criminal act to obtain what they wanted. [28] Doulis denies the sanctions requested by Staff because he submits that it would cause serious harm to the investing public by removing a champion of theirs from the investing arena. Doulis submits that he has to be available to investors as an attorney for them to seek protection from unscrupulous individuals working in the investment industry, as neither the Commission nor IIROC seems willing to do so. [29] Doulis submits that investors in Ontario have asked Doulis to continue being their attorney and that their investment objectives would best be served by an honest and independent individual to act on their behalf. [30] Doulis submits that he believed he did not have to waste either his or the Commission’s time answering questions about issues that had already been satisfied in his favour by the Chief Operating Officer at Desjardins Securities and IIROC. Doulis submits that both of these institutions were accepting of Doulis’ role as an attorney through the use of Powers of Attorney and that no advising was being undertaken. [31] Doulis submits that Staff did not provide evidence that Doulis and Liberty obtained a minimum of approximately CDN $37,696 and USD $8,454 from investors in fees for their illegal advising. Doulis submits that no bank records for either Doulis or Liberty have been entered as evidence. Doulis submits that Staff did not show that the invoices issued were in fact paid and to what extent the funds were received and who received them. [32] Doulis submits that Staff prolonged the hearing by attempting to hide facts, being unfamiliar with foreign corporations, committing fraud, lying at the hearing and coercing witnesses. [33] Doulis submits that there is no evidence that investors were being harmed and there was no interference with free and fair markets, and that no punishment of the Respondents is acceptable. Rather, he states that sanctions and penalties sought by Doulis should be imposed on Staff to deter further criminal activities. IV. ANALYSIS A. The Applicable Law on Sanctions [34] The Commission’s mandate, set out in section 1.1 of the Act, is to: (i) provide protection to investors from unfair, improper or fraudulent practices; and (ii) foster fair and efficient capital markets and confidence in capital markets. [35] In making an order in the public interest under section 127 of the Act, the Commission’s jurisdiction should be exercised in a protective and preventative manner. As expressed in the oft-cited decision of Re Mithras Management Ltd.:
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… the role of this Commission is to protect the public interest by removing from the capital markets – wholly or partially, permanently or temporarily, as the circumstances may warrant – those whose conduct in the past leads us to conclude that their conduct in the future may well be detrimental to the integrity of those capital markets. We are not here to punish past conduct; that is the role of the courts ... We are here to restrain, as best we can, future conduct that is likely to be prejudicial to the public interest in having capital markets that are both fair and efficient. In so doing we must, of necessity, look to past conduct as a guide to what we believe a person’s future conduct might reasonably be expected to be; we are not prescient, after all. (Re Mithras Management Ltd. (1990), 13 OSCB 1600 at 1610-1611)
[36] This view was endorsed by the Supreme Court of Canada in the following terms:
… 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 [Commission] 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.
(Re Committee for the Equal Treatment of Asbestos Minority Shareholders v. Ontario (Securities Commission), 2001 SCC 37 (“Asbestos”) at para. 43).
[37] The Supreme Court of Canada has also recognized that general deterrence is an important factor in imposing sanctions by stating that “… it is reasonable to view general deterrence as an appropriate, and perhaps necessary, consideration in making orders that are both protective and preventative” (Re Cartaway Resources Corp., [2004] 1 SCR 672 at para. 60). [38] In determining the nature and duration of sanctions, the Commission has considered the following factors:
(a) the seriousness of the allegations proved; (b) the respondents’ experience in the marketplace; (c) the level of a respondent’s activity in the marketplace; (d) whether or not there has been a recognition of the seriousness of the improprieties; (e) whether or not the sanctions imposed may serve to deter not only those involved in the case being
considered, but any like-minded people from engaging in similar abuses of the capital markets; (f) any mitigating factors; (g) whether the violations are isolated or recurrent; (h) the size of any profit (or loss) avoided from the illegal conduct; (i) the size of any financial sanction or voluntary payment when considering other factors; (j) the effect any sanction might have on the livelihood of the respondent; (k) the restraint any sanction may have on the ability of a respondent to participate without check in the capital
markets; (l) the reputation and prestige of the respondent; (m) the shame, or financial pain, that any sanction would reasonably cause to the respondent; and (n) the remorse of the respondent. (Re Belteco Holdings Inc. (1998), 21 OSCB 7743 at 7746-7747; Erikson v. Ontario (Securities Commission), [2003] OJ No. 593 (Div Ct) (“Erikson”); Re M.C.J.C. Holdings Inc. (2002), 25 OSCB 1133 (“M.C.J.C. Holdings”) at 1136).
[39] In determining the appropriate sanctions to be ordered, the Commission will also consider the specific circumstances in each case and ensure that the sanctions are proportionate to those circumstances (M.C.J.C. Holdings, supra at 1134).
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[40] The Commission has held that the overall financial sanctions imposed on each respondent is a relevant consideration in imposing administrative penalties and disgorgement (Re Sabourin (2010), 33 OSCB 5299 (“Sabourin”) at para. 59). Further, the Commission held in Sabourin that in imposing financial sanctions, overall financial sanctions imposed on each respondent is a relevant consideration (Sabourin, supra at para. 74). B. Relevant Sanctioning Factors [41] In considering the factors set out in paragraphs 36 to 39 above, I find the factors summarized in the following paragraphs to be relevant to the circumstances of the Respondents.
1. Seriousness of the Allegations Proved [42] The seriousness of the allegations proved arises from Doulis’ numerous attempts to mislead Staff in their investigation. The Respondents’ breaches of the Act are both independently and collectively, serious breaches. [43] The Commission has held that the act of misleading Staff is a particularly egregious violation of the public interest (Re Moncasa Capital Corp., 2013 LNONOSC 1025 (“Moncasa”) at para. 21 citing Re Koonar (2002), 25 OSCB 2691 at 2692). Doulis made numerous false and misleading statements to Staff including under oath, and in compelled examination (Merits Decision, supra at paras. 250, 251-262). Respondents’ unregistered advising and Doulis’ misleading statements caused harm to the reputation and integrity of the capital markets.
2. The Respondent’s Experience in the Marketplace [44] The Commission has held that a breach of Ontario securities law by a registrant is serious because the offender is aware of the importance of securities law for the capital markets (Moncasa, supra at para. 21; Rowan, supra at para. 145). The Commission has found that a person’s higher level of awareness of securities law requirements and the importance of those requirements to the capital markets is an important consideration to take into account when imposing sanctions. [45] Doulis was a registrant for 10 years and is a highly sophisticated and knowledgeable participant in the capital markets (Merits Decision, supra at paras. 9 and 87). Doulis had a higher awareness of the requirements under Ontario securities law and knew or ought to have known the importance of those requirements to the capital markets of Ontario (Merits Decision, supra at paras. 9 and 212). The fact that Doulis proceeded with his unregistered advising despite his higher awareness of the impact that his actions would have on the capital markets, is an important consideration when ordering sanctions. [46] Despite his vast experience in the capital markets, Doulis did not determine his clients’ individual investment objectives and risk tolerance, and stated that his clients’ investment objectives are what he believes is best for them (Merits Decision, supra at para. 89). This is not the level of attention that would be expected of a registrant towards his or her client.
3. Mitigating Factors and Remorse [47] Apart from the Respondents not having any prior history of misconduct with the Commission, there were no other mitigating factors put forward at the Sanctions and Costs Hearing. [48] The actions of Doulis during the investigation and litigation phases provide no basis to conclude that he has recognized the seriousness of his improprieties or that he has any remorse for the consequences of his conduct. There was no evidence during the Sanctions and Costs Hearing suggesting that Doulis had any remorse. Rather, Doulis was contemptuous of Staff. Doulis made misleading statements to Staff at various stages, including when he was under oath (Merits Decision, supra at para. 250). Instead of recognizing the seriousness of his improprieties, Doulis misled Staff and did not take responsibility for his actions. Rather, Doulis blamed Staff for an “attitude … of vindictiveness” (Transcript of Sanctions and Costs Hearing, October 7, 2014, p. 25, lines 21-25). [49] During the course of the Sanctions and Costs Hearing, Doulis challenged the findings of the Panel in the Merits Decision (Transcript of Sanctions and Costs Hearing, October 7, 2014, p. 22, lines 17-20; p. 23-24; and p. 26, lines 10-16) submitting, inter alia, that there is only “a likelihood that Doulis violated the Act”. Doulis submitted that the Panel did not find Doulis guilty of advising, and that it was probable but not necessarily proven that Doulis violated the Act. In the Merits Decision, the Panel applied the standard of proof in Commission proceedings as being proof on a balance of probabilities, scrutinizing the evidence with care in deciding whether the alleged events are more likely than not to have occurred (Merits Decision, supra at paras. 14-16). The Panel was satisfied on that test that all of Staff’s allegations were proven against the Respondents.
4. Violations were Isolated or Recurrent [50] The Commission has considered a number of factors in assessing the scale of a respondent’s misconduct including the number of investors affected, whether the misconduct was repeated, and the period of time in which it occurred.
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[51] The Respondents engaged in unregistered advising from January 2004 to September 2010, nearly 7 years (Merits Decision, supra at para. 274). They bought and sold securities for 12 individuals and corporate clients and invoiced them for the management of the portfolio (Merits Decision, supra at para. 217). Doulis confirmed that at one point he was managing between $15 and $17 million in investor funds (Merits Decision, supra at para. 75). Doulis mislead Staff over a period of 14 months during Staff’s investigation, and Doulis proactively sent the Commission misleading correspondence (Merits Decision, supra at para. 274). Accordingly, I find that the Respondents’ violations were recurrent and it extended for a considerable amount of time.
5. Size of Any Profit or Loss Avoided from Illegal Conduct [52] The invoices filed at the Merits Hearing allow a partial accounting of the funds obtained by the Respondents. The Respondents obtained a minimum of CDN $37,317 and USD $8,454, from the Investor Witnesses, in fees collected for unregistered advising. [53] I have included a list of each invoice filed as evidence in the Merits Hearing:
Client Date Amount
Investor #2 January 21, 2005 USD $888
Investor #2 February 3, 2006 USD $2,112
Investor #2 January 2, 2007 USD $2,552
Investor #2 January 16, 2008 USD $2,902
Investor #2 February 18, 2009 CDN $2,313
Investor #4 January 20, 2010 CDN $26,913
Investor #2 January 19, 2010 CDN $3,217
Investor #3 February 16, 2011 CDN $1,193
Investor #1 November 14, 2011 CDN $3,681
TOTAL USD: $8,454
TOTAL CDN: $37,317
6. Reputation and Prestige
[54] Doulis referred to the reputation and prestige he enjoys as a former top ranked mining analyst and the author of several books (Merits Decision, supra at paras. 212 and 144). Indeed, he pointed to his reputation as an authority on financial matters as the major factor attracting clients to whom he provided unregistered advising (Merits Decision, supra at paras. 87, 68, 70 and 144). Accordingly, appropriate sanctions imposed on Doulis would send a message to future clients who may consider investing on the basis of his reputation.
7. Specific and General Deterrence [55] The Respondents, and like-minded individuals, should understand that breaches of the Act similar to the ones involved in this case, including misleading Staff, will result in severe sanctions. I have reviewed the jurisprudence and there is a line of cases where the respondents were found to have engaged in unregistered advising, and fraud. In those cases, the Commission ordered permanent bans (Re Bunting & Waddington Inc et al (2014), 37 OSCB 3414; Re New Hudson Television Corp. et al. (2013), 36 OSCB 10455; Re Shaun Gerard McErlean (2012), 35 OSCB 9839; Re Marion Gary Hibbert (2012), 35 OSCB 9013; Re Vincent Ciccone et al (2012), 35 OSCB 8417). I note that in this case, there were no allegations, nor any finding, of fraud. I have also reviewed a line of cases where the respondent was found to have engaged in unregistered advising, in absence of fraud. Again, the Commission has ordered permanent bans (Re HEIR Home Equity Investment Rewards Inc et al (2013), 36 OSCB 3485; Re Maple Leaf Investment Fund Corp. (2012), 35 OSCB 2809; Re White (2010), 33 OSCB 8893). Having reviewed the jurisprudence, I find that orders removing the Respondents from buying, selling, or trading in securities for 15 years without exception, imposing significant administrative penalties, and requiring disgorgement of fees collected from unregistered advising
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are proportionate to the Respondents’ misconduct, and will send a message to like-minded individuals that involvement in this type of misconduct will result in severe sanctions. I arrived at a 15-year ban after taking into account that the Respondents have no prior history of misconduct with the Commission, that there was no allegation, nor any finding, of fraud, and that there was no evidence put forward of financial loss by investors. Nevertheless, the breaches of the Act are serious and justify sanctions based on the principles of specific and general deterrence. C. Appropriate Sanctions in this Matter 1. Prohibitions on Participation in the Capital Markets [56] The conduct of the Respondents caused harm to the integrity of the capital markets. Given the seriousness of the misconduct of the Respondents, sanctions in this case should send a strong message to both the Respondents and the public at large. As the Divisional Court has stated, “[p]articipation in the capital markets is a privilege, not a right” (Erikson, supra at para. 55). [57] The registration regime attempts to ensure that those who engage in registerable conduct are not merely proficient, but of good character, satisfy appropriate ethical standards and comply with the Act. Doulis structured his affairs to deliberately circumvent securities legislation and the registration regime. I find that it is appropriate that the Respondents be subject to a 15-year trading, acquisition and exemption application bans, without exception. [58] During the Sanctions and Costs Hearing, I noted that certain sanctions requested in Staff’s written sanctions and costs submissions were not requested in the Notice of Hearing dated January 14, 2011, namely (i) that Doulis resign any position that he holds as a director or officer of an issuer; (ii) that Doulis be prohibited permanently from becoming or acting as a director or officer of any issuer; and (iii) that Doulis be prohibited permanently from becoming or acting as a registrant, an investment fund manager or as a promoter (“Staff’s New Sanctions Requests”). [59] Staff submitted during the Sanctions and Costs Hearing that Doulis was provided notice upon receipt of the sanctions submissions of Staff, and that it is certainly not a prohibition to the Commission ordering those sanctions if the sanctions sought change throughout the hearing on the merits and into the sanctions hearing. Staff submits that the issue is appropriate notice and there is no requirement that notice be provided at the initiation of the proceedings. [60] I do not agree with Staff’s submissions on this issue. The Commission had held that it is not prepared to assume that Staff’s New Sanctions Requests would not have affected the Respondents’ approach to the Merits Hearing (Re Factorcorp Inc., (2013) 36 OSCB 9582 (“Factorcorp”) at para. 56). Rather, as the Commission held in Re Rex Diamond Mining Corp., (2009) 32 OSCB 6467 (“Rex Diamond”) and confirmed in Factorcorp, Staff should have amended the Notice of Hearing to include Staff’s New Sanctions Requests prior to the Merits Hearing (Rex Diamond, supra at para. 24; Factorcorp, supra at para. 56). Had Staff requested in the Notice of Hearing, the resignation of any position as director or officer of an issuer, and director and officer bans, my findings in the Merits Decision would have justified the imposition of such sanctions on the Respondents. However, in light of Staff's failure to seek these sanctions in the Notice of Hearing, I find that it would be unfair to impose them on the Respondents. [61] I also find it appropriate to reprimand Doulis, pursuant to paragraph 6 of subsection 127(1) of the Act, in order to reaffirm that the Commission will not tolerate conduct such as occurred in this case. 2. Administrative Penalties [62] The Commission’s public interest jurisdiction allows it to impose sanctions under section 127 of the Act. Under paragraph 9 of subsection 127(1) of the Act, I am entitled to impose an administrative penalty of not more than $1 million in connection with each failure of the Respondents to comply with Ontario securities law. In the Merits Decision, I found that the Respondents engaged in unregistered advising, that Doulis made misleading statements to Staff, and that the Respondents’ conduct was contrary to the public interest. [63] Staff seeks an administrative penalty in the amount of $200,000 against Doulis and an administrative penalty in the amount of $100,000 against Liberty. Doulis submits that he pay no administrative penalty. [64] The goals of specific and general deterrence are most effectively met by administrative penalties that are proportional to each respondent’s culpability in the matter, taking all circumstances into account, considering administrative penalties imposed in similar cases and have regard to any aggravating and mitigating factors (Belteco, supra at 7747; M.C.J.C. Holdings Inc. supra at 1134 and 1136; Re Limelight Entertainment Inc., (2008) 31 OSCB 12030 (“Limelight”) at para. 71; Rowan, supra at para. 106; Sabourin, supra at para. 75). [65] I have considered the Commission’s prior case law in determining administrative penalties that are proportionate to the circumstances in this matter. Staff relied on Re Norshield Asset Management (Canada) Ltd. (2010), 33 OSCB 7171
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(“Norshield”) where the Respondents were also found to have made misleading statements to Staff. However, in that case, I note that the Respondents’ conduct led to the loss of $159 million invested by close to 2,000 investors. In that case, the Commission ordered that the Respondents each pay an administrative penalty of $125,000 for making misleading statements to Staff, and maximum penalty was ordered against the Respondents for other breaches of the Act. The Commission also held that failing to inform Staff of an important component of the investment structure warrants a significant administrative penalty (Norshield, supra at paras. 106-107). In addition, the Commission has held that in imposing administrative penalties on respondents, the Commission considers it essential that market participants know that if they make misrepresentations to Staff of the Commission in their investigation … they do so at their own peril (Limelight, supra at para. 74). [66] In Moncasa, the Commission found that the Respondents breached multiple sections of the Act, including misleading Staff, and ordered an administrative penalty of $400,000. In Re Maple Leaf Investment Fund Corp. (2012), 35 OSCB 3075 (“Maple Leaf”), the Commission found the Respondents breached two sections of the Act, including unregistered advising. In Maple Leaf, the Commission ordered an administrative penalty in the amount of $200,000 for one of the Respondents who played an integral role in the promotion of bonds and facilitated the raising of $2,800,000, including making reference to his 16-year career as an officer to enhance his credibility and reliability with investors (Maple Leaf, supra at para. 8). [67] Liberty and Doulis’ actions caused harm to the capital markets. Accordingly, I find that it is appropriate and proportionate to the circumstances of each respondent to make an order against Doulis to pay an administrative penalty of $200,000 and a separate order against Liberty to pay an administrative penalty of $100,000. I find the amounts proposed by Staff to be within the range of penalties ordered by the Commission against respondents involved in similar misconduct, and proportional to the circumstances and conduct of each Respondent. The amounts paid to the Commission in satisfaction of the administrative penalties are designated for allocation or use by the Commission pursuant to subsection 3.4(2)(b) of the Act. 3. Disgorgement
(a) The Law on Disgorgement
[68] Pursuant to paragraph 10 of subsection 127(1) of the Act, if a person or company has not complied with Ontario securities law, the Commission may order the person or company to disgorge to the Commission “any amounts obtained as a result of the non-compliance”. The Commission has described the purpose of the disgorgement remedy as follows:
[T]he objective of the disgorgement remedy is to deprive a wrongdoer of ill-gotten gains, reflecting the view that it would be inappropriate for those who contravene Ontario securities law to be able to retain any illegally obtained profits … … [T]he legal question is not whether a respondent “profited” from the illegal activity but whether the respondent “obtained amounts” as a result of that activity. In our view, this distinction is made in the Act to make clear that all money illegally obtained from investors can be ordered to be disgorged, not just the “profit” made as a result of the activity … (Limelight, supra at paras. 47 and 49).
[69] The disgorgement remedy is intended to ensure that respondents do not retain any financial benefit from their non-compliance with the Act, and to provide specific and general deterrence (Sabourin, supra at para. 65). [70] In Limelight, the Commission held that it should consider the following non-exhaustive list of factors when contemplating a disgorgement order, in addition to the general factors for sanctioning:
(a) whether an amount was obtained by a respondent as a result of non-compliance with the Act; (b) the seriousness of the misconduct and the breaches of the Act and whether investors were seriously harmed; (c) whether the amount that a respondent obtained as a result of non-compliance with the Act is reasonably
ascertainable; (d) whether the individuals who suffered losses are likely to be able to obtain redress; and (e) the deterrent effect of a disgorgement order on the respondents and other market participants. (Limelight, supra at para. 52).
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[71] Staff has the onus of proving, on a balance of probabilities, the amounts obtained by a respondent as a result of its non-compliance with the Act.
(b) Submissions on Disgorgement [72] In its submissions, Staff took the position that the Respondents should be ordered to disgorge the full and undiscounted amounts of CDN $37,696 and USD $8,454 on a joint and several basis, and submitted that these amounts are clearly ascertainable from Liberty’s invoices and represent at minimum the amounts obtained by the Respondents as a result of their non-compliance with Ontario securities law. I am also satisfied that these amounts which are ascertainable are far less than the actual funds obtained based on Doulis’ own statements having managed between $15 million and $17 million in investor funds. The Investor Witnesses called in the Merits Hearing were not able to provide a complete set of Liberty’s invoices. [73] Doulis submits that an order for disgorgement should not be made because there were no bank records for either Doulis or Liberty entered as evidence. Doulis submits that Staff did not show that the invoices were in fact paid and to what extent the funds were received, and by whom. [74] I agree with Staff’s submission that any amounts ordered against Liberty and Doulis should be imposed on a joint and several basis. Doulis controlled Liberty and was its directing mind. I therefore find that it is appropriate that any disgorgement amounts to be ordered against the Respondents shall be made jointly and severally against Doulis and Liberty.
(c) Appropriate Disgorgement Orders [75] Unregistered advising activity and misleading Staff has been recognized as serious misconduct (Re Arbour Energy Inc., 2012 LNABASC 266 at para. 84). I find that it is appropriate to impose disgorgement orders against the Respondents for the amounts they obtained through their serious misconduct. [76] I do not accept Doulis’ submission that the Commission should not order disgorgement because there are no bank records to show that he received the amounts. Notwithstanding the absence of such bank records, there was other ample evidence that Doulis had signing authority and control over the two bank accounts, and that he directed Investor Witnesses to forward payment to Liberty (Merits Decision, supra at para. 261). Except for one payment, which has been excluded from the disgorgement order, there was no evidence of cancelled cheques. However, there was evidence from Investor Witnesses that they paid the invoices (Merits Decision, supra at paras. 107, 131, 140, 141, 223, 233 and 234). The payments were directed to Liberty, and Doulis controlled Liberty in an offshore jurisdiction. The only people who could produce bank records are Doulis and Liberty, and no such records were produced. [77] Doulis was compensated through Liberty, as an adviser for the discretionary account management services he provided to each of the clients including the Investor Witnesses (Merits Decision, supra at para. 211). The Investor Witnesses testified that they paid Liberty for the services Doulis performed (Merits Decision, supra at paras. 107, 131, 140, 141, 223, 233 and 234). I also noted in the Merits Decision that I regarded the testimony of the Investor Witnesses as the most cogent and reliable evidence (Merits Decision, supra at para. 36). [78] Staff also provided evidence in a series of emails that showed Doulis directed funds of Liberty to be deposited at Barclay’s Bank, the transfer of CDN $24,000 from Liberty to Minotaur Capital, the transfer of USD $10,000 belonging to Liberty, the transfer of CDN $9,800 from the account of Liberty to the credit of A Christodoulidis (Merits Decision, supra at para. 255). Accordingly, I find on a balance of probabilities that the amounts obtained as a result of non-compliance with Ontario securities law are ascertainable, and were obtained by the Respondents. [79] I find that it is appropriate to impose the following order against Doulis and Liberty to disgorge to the Commission CDN $37,317 and USD $8,454 on a joint and several basis. I have reduced the amount to be disgorged from Staff’s submission of CDN $37,696 to CDN $37,317 because there was one invoice where the investor identified a cancelled cheque with respect to the payment made (Merits Decision, supra at para. 131). Accordingly, I have not included this amount in the calculation of the disgorgement order. Based on all of the evidence, I am satisfied on a balance of probabilities to impose such an order. The amounts paid to the Commission in satisfaction of the disgorgement orders are designated for allocation or use by the Commission pursuant to subsection 3.4(2)(b) of the Act. 4. Doulis’ Requested Sanctions against Staff [80] Doulis requests $500,000 in punitive damages for reputational harm and as punishment for egregious behavior of Staff. He also requests that criminal action be brought against Larry Masci and Jonathon Feasby. This is an administrative proceeding commenced pursuant to section 127 and section 127.1 of the Act, not an action for defamation. Doulis is within his legal rights to pursue any matters he sees fit in the courts. Actions for reputational damage and criminal action are not within the purview of this administrative proceeding, or within the authority of the Act. Accordingly, I see no basis in law to grant Doulis’ request.
Reasons: Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11522
D. Costs 1. The Applicable Law [81] Pursuant to section 127.1 of the Act, the Commission has authority to order a person or company to pay the costs of an investigation and hearing if the Commission is satisfied that the person or company has not complied with Ontario securities law or has acted contrary to the public interest. Factors to be considered by the Commission when awarding costs are set out in Rule 18.2 of the Rules of Procedure. [82] Staff seeks to recover costs from the Respondents totaling $302,959.79, which consists of $297,132.50 in fees and $5,827.28 in disbursements. Staff requests that Liberty and Doulis be ordered to pay, on a joint and several basis, the full cost of the investigation and the Merits Hearing. Staff did not seek costs for time spent preparing for and attending the Sanctions and Costs Hearing, and the Temporary Order Hearing. [83] In support of this request, Staff provided a Bill of Costs, which includes the Fisher Affidavit. The Fisher Affidavit appends detailed dockets of Staff, along with copies of receipts and invoices reflecting the costs of court reporters, process servers, witness fees and other expenses. The Bill of Costs employs the hourly rates approved by the Commission. [84] Doulis requests that costs in the amount of $32,216 be paid to Doulis for legal fees and $48,000 for Doulis’ time and efforts. In support of this request, Doulis submits that he was victimized by the continual abuse of the Criminal Code of Canada by Staff, and that the Commission was negligent. 2. Analysis [85] The Commission has identified criteria that was considered in past decisions when awarding costs:
(a) failure by Staff to provide early notice of an intention to seek costs may result in a reduced costs award; (b) the seriousness of the charges and the conduct of the parties; (c) abuse of process by a respondent may be a factor in increasing the amount of costs; (d) he greater investigative/hearing costs that the specific conduct of a respondent tends to require in the case;
and (e) the reasonableness of the costs requested by Staff. (Re Ochnik (2006), 29 OSCB 5917 (“Ochnik”) at para. 29).
[86] The purpose of sanction orders made under section 127 of the Act is to “restrain future conduct that is likely to be prejudicial to the public interest in fair and efficient capital markets” and to protect the public interest (Asbestos, supra at para. 43). On the other hand, the purpose of orders made under section 127.1 of the Act is to recover costs of a hearing or investigation from persons or companies who have breached Ontario securities law. It is recognized that a costs order will not necessarily recover the entirety of the costs incurred by the Commission in every case, but it is appropriate that a respondent contribute to the costs of a hearing where there has been a finding that the respondent has contravened securities law (Re McErlean (2012), 35 OSCB 9839 (“McErlean”) at para. 24). [87] In assessing the quantum of costs, the Commission is entitled to take into consideration whether the Respondents’ conduct has contributed to the efficient hearing of the matter. However, requests for costs shall recognize the principle that something less than full indemnity is appropriate (McErlean, supra at para. 25). [88] Applying the factors from Ochnik and the factors listed in Rule 18.2 of the Rules of Procedure, I find the following factors to be relevant in imposing a costs order against Liberty and Doulis:
(a) A Notice of Hearing was issued by the Commission on January 14, 2011 to notify the Respondents in this matter that Staff would be seeking investigation and hearing costs against them;
(b) The proceeding did not include any novel legal issues; (c) Doulis repeatedly made allegations that Staff fabricated documents, lied, and committed criminal offences for
which there was no evidence presented, nor were the claims substantiated; (d) Doulis and Liberty made no factual or legal admissions;
Reasons: Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11523
(e) Doulis lengthened the hearing by giving inconsistent and conflicting evidence while under oath; (f) Doulis filed different versions of his Charter argument with Staff and with the Commission causing an
adjournment; and (g) Doulis lengthened the hearing by accusing Staff of criminal conduct, all of which consumed hearing time and
necessitated a response.
[89] The Commission recently held that an award of costs is a matter in Commission’s discretion. While it is appropriate that respondents reimburse the Commission for costs incurred as a result of their misconduct, the Commission does not want to unduly penalize or discourage respondents through costs awards from bringing matters before the Commission that respondents wish to contest in good faith (Re Crown Hill Capital Corp (2014), 37 OSCB 7509 at para. 247). [90] I have noted that Doulis’ conduct unnecessarily lengthened the proceeding consuming 10 hearing days, for a matter that was not complex. Staff submitted at the Sanctions and Costs Hearing that the time and effort of Staff is a conservative estimation in terms of the full effort (Transcript of Sanctions and Costs Hearing, October 7, 2014, p. 20, lines 19-22). However, I do not accept this submission. Rather, Staff is seeking full costs for investigation and hearing costs involving all investigators and counsel on the matter from April 27, 2009 to June 23, 2014. I also note that Doulis and Staff agreed that the documents admitted at the Temporary Order Hearing could be entered as evidence at the Merits Hearing. Indeed, Staff introduced five volumes of hearing briefs of which four volumes consisted of the hearing transcript of the Temporary Order (Merits Decision, supra at para. 34). Staff during the Sanctions and Costs Hearing submitted that they are not seeking the costs of Staff counsel for preparation time and conduct in the Temporary Order Hearing (Transcript of Sanctions and Costs Hearing, October 7, 2014, p. 20, lines 3-8). [91] Taking into account the nature of the proceeding, and the right for a respondent to defend against Staff’s allegations, a cost recovery of fees and disbursements in the amount of $198,619.78 on a joint and several basis against Liberty and Doulis, is fair and reasonable, and in the public interest. This amount includes only the time spent by two Staff investigators, Tom Anderson and Joan Chambers, who were called in the Merits Hearing, as well as the time spent by Jon Feasby, the lead Staff counsel on this matter. I have not included in the costs order any time spent by Larry Masci involved in the investigation, or by any other investigators, or any other Staff counsel. I arrived at this cost determination having considered the factors above, as well as the principle that something less than full indemnity is appropriate. [92] I noted in paragraph 79 that the Commission has authority to order a person or company to pay the costs of an investigation and hearing if the Commission is satisfied that the person or company has not complied with Ontario securities law or has acted contrary to the public interest. There were no findings made by the Panel in the Merits Decision that Staff breached Ontario securities law or acted contrary to the public interest. Accordingly, I see no basis to order any costs sought by the Respondent. V. CONCLUSION [93] For the reasons set out above, I conclude that it is in the public interest to make the orders set out below. In my view, the sanctions imposed will deter the Respondents and other like-minded individuals from engaging in similar misconduct in the capital markets in the future and the sanctions are proportionate to the circumstances and conduct of each Respondent. [94] I will issue a separate order giving effect to my decision on sanctions and costs as follows:
(a) pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities by each of Liberty and Doulis shall cease for a period of 15 years;
(b) pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of any securities by each of Liberty
and Doulis shall be prohibited for a period of 15 years; (c) pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law
shall not apply to each of Liberty and Doulis for a period of 15 years; (d) pursuant to paragraph 6 of subsection 127(1) of the Act, that Doulis be reprimanded; (e) pursuant to paragraph 9 of subsection 127(1) of the Act, Liberty shall pay an administrative penalty of
$100,000 for its non-compliance with Ontario securities law, to be designated for allocation or use by the Commission, pursuant to subsection 3.4(2)(b) of the Act;
Reasons: Decisions, Orders and Rulings
December 30, 2014
(2014), 37 OSCB 11524
(f) p ursuant to paragraph 9 of subsection 127(1) of the Act, Doulis shall pay an administrative penalty of $200,000 for his non-compliance with Ontario securities law, to be designated for allocation or use by the Commission, pursuant to subsection 3.4(2)(b) of the Act;
(g) pursuant to paragraph 10 of subsection 127(1) of the Act, Liberty and Doulis shall jointly and severally
disgorge to the Commission a total of CDN $37,317 and USD $8,454 that was obtained as a result of their non-compliance with Ontario securities law, to be designated for allocation or use by the Commission, pursuant to subsection 3.4(2)(b) of the Act; and
(h) pursuant to subsection 127.1 of the Act, Liberty and Doulis shall jointly and severally pay $198,619.78 for the
costs incurred in this matter. DATED at Toronto, this 22nd day of December, 2014. “Vern Krishna”
December 30, 2014
(2014), 37 OSCB 11525
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
Besra Gold Inc. 17 December 2014 29 December 2014
Geovic Mining Corp. 17 December 2014 29 December 2014
Marauder Resources East Coast Inc.
10 December 2014 22 December 2014 22 December 2014
Maudore Minerals Ltd. 05 December 2014 17 December 2014 19 December 2014
Seafield Resources Ltd. 19 December 2014 31 December 2014
Solara Exploration Ltd. 22 December 2014 02 January 2015
Triumph Ventures II Corporation
19 December 2014 31 December 2014
4.2.1 Temporary, Permanent & Rescinding Management Cease Trading Orders
Company Name Date of Order or Temporary
Order
Date of Hearing Date ofPermanent
Order
Date of Lapse/ Expire
Date of Issuer
Temporary Order
THERE ARE NO ITEMS TO REPORT THIS WEEK. 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
Besra Gold Inc. 10 October 14 22 October 14 22 October 14 17 December 2014
Cease Trading Orders
December 30, 2014
(2014), 37 OSCB 11526
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December 30, 2014
(2014), 37 OSCB 11527
Chapter 5
Rules and Policies 5.1.1 Amendments to NI 21-101 Marketplace Operation and Companion Policy 21-101CP
AMENDMENTS TO NATIONAL INSTRUMENT 21-101 MARKETPLACE OPERATION
1. National Instrument 21-101 Marketplace Operation is amended by this Instrument.
2. Section 8.6 is amended by replacing “2015” with “2018”.
3. This Instrument comes into force on December 31, 2014.
Rules and Policies
December 30, 2014
(2014), 37 OSCB 11528
SCHEDULE
1. The changes to Companion Policy 21-101CP to National Instrument 21-101 Marketplace Operation are set out in this Schedule.
2. Subsection 10.1(1) is amended by replacing “2015” with “2018”. 3. These changes become effective on December 31, 2014.
December 30, 2014
(2014), 37 OSCB 11529
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
December 30, 2014
(2014), 37 OSCB 11530
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
01 Communique Laboratory Inc.
Options Kissack, Gary 4 10/12/2014 50 450,000 118,750
01 Communique Laboratory Inc.
Options Stringer, Brian 5 10/12/2014 52 0.5 952,500 -50,000
01 Communique Laboratory Inc.
Options Stringer, Brian 5 10/12/2014 50 0.2 1,165,000 212,500
01 Communique Laboratory Inc.
Options Train, William, Archibald 4 10/12/2014 50 0.2 805,000 140,000
01 Communique Laboratory Inc.
Options Train, William, Archibald 4 12/12/2014 52 0.5 720,000 -85,000
01 Communique Laboratory Inc.
Options Zweep, K 4 10/12/2014 50 0.2 450,000 118,750
49 North Resources Inc. Common Shares Green, Jeffery Nelson 4 10/12/2014 10 0.199 0 -47,000
A&W Revenue Royalties Income Fund
Exchangeable Shares A&W Food Services of Canada Inc.
3 15/12/2014 11 22.09 2,188,334 210,490
A&W Revenue Royalties Income Fund
Trust Units Senecal, Susan 6 18/12/2014 10 26.26 6,177 700
ABCOURT MINES INC. Common Shares catégorie B
DÉCOCHIB 3 17/12/2014 10 0.045 22,363,875 241,000
ABCOURT MINES INC. Common Shares catégorie B
Hinse, Renaud 3, 4, 5 17/12/2014 10 0.045 22,363,875 241,000
ABCOURT MINES INC. Common Shares catégorie B
MESTRALLET, FRANCOIS JOSEPH PIERRE MARIE
4 12/12/2014 10 0.05 3,200,000 500,000
ACTIVEnergy Income Fund Trust Units ACTIVEnergy Income Fund 1 12/12/2014 38 6.0329 29,742,868 4,200
ACTIVEnergy Income Fund Trust Units ACTIVEnergy Income Fund 1 15/12/2014 38 5.9489 29,746,568 3,700
Aecon Group Inc. Common Shares Beck, John Michael 4, 5 12/12/2014 10 9.97 171,648 5,303
Aecon Group Inc. Common Shares Carrabba, Joseph Anthony 4 15/07/2013 00
Aecon Group Inc. Common Shares Carrabba, Joseph Anthony 4 18/12/2014 10 10.59 10,000 10,000
Aecon Group Inc. Common Shares Hole, James Douglas 4 18/12/2014 10 10.38 575,178 15,000
Aecon Group Inc. Convertible Debentures 5.50% Unsecured Subordinated
Tobin, Brian Vincent 4 17/03/2005 00
Aecon Group Inc. Convertible Debentures 5.50% Unsecured Subordinated
Tobin, Brian Vincent 4 12/12/2014 10 99 $200,000
Aecon Group Inc. Convertible Debentures 5.50% Unsecured Subordinated
Tobin, Brian Vincent 4 12/12/2014 10 99 $200,000 $200,000
AEterna Zentaris Inc. Options Aubut, Marcel 4 13/12/2014 52 126,665 -2,500
AEterna Zentaris Inc. Options Limoges, Gérard A. 4 13/12/2014 52 126,665 -2,500
AEterna Zentaris Inc. Options Turpin, Dennis 5 13/12/2014 52 329,996 -15,000
Affinor Growers Inc. Common Shares Brusatore, Nicholas Gordon 3, 4 18/12/2014 10 0.26 11,983,000 100,000
Affinor Growers Inc. Options miron, pierre c 4 01/12/2014 00
Affinor Growers Inc. Options miron, pierre c 4 01/12/2014 50 300,000
Affinor Growers Inc. Options miron, pierre c 4 01/12/2014 50 300,000 300,000
Affinor Growers Inc. Common Shares Sopatyk, Jeff 4 20/11/2014 00
Affinor Growers Inc. Common Shares Sopatyk, Jeff 4 18/12/2014 10 0.22 50,000 50,000
Agility Health, Inc. Voting Common Shares VANDERKRUYK, TERRY 5 19/12/2014 10 0.25 1,113,000 600,000
Agrium Inc. Common Shares Harris, M. Marianne 4 16/10/2014 35 95.17 8
Agrium Inc. Common Shares Harris, M. Marianne 4 16/10/2014 35 95.17 8
AGT Food and Ingredients Inc. (formerly, Alliance Grain Traders Inc.)
Common Shares Gardner, John Michael 4 30/06/2011 00
AGT Food and Ingredients Inc. (formerly, Alliance Grain Traders Inc.)
Common Shares Gardner, John Michael 4 17/12/2014 10 26.086 1,950 1,950
AIRBOSS OF AMERICA CORP.
Common Shares Crowe, Rick 4 15/12/2014 51 11.52 344,288 25,469
AIRBOSS OF AMERICA CORP.
Options Crowe, Rick 4 15/12/2014 51 5 0 -50,000
AIRBOSS OF AMERICA CORP.
Common Shares Schoch, Peter Grenville 3, 4 17/12/2014 47 11.55 4,429,837 -1,000
AIRBOSS OF AMERICA CORP.
Common Shares Schoch, Peter Grenville 3, 4 17/12/2014 51 11.5 4,516,747 86,910
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11531
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
AIRBOSS OF AMERICA CORP.
Options Schoch, Peter Grenville 3, 4 17/12/2014 51 5.01 200,000 -200,000
Alacer Gold Corp. Common Shares Antal, Rod 5 18/12/2014 38 174,788 23,061
Alacer Gold Corp. RSU Antal, Rod 5 18/12/2014 38 1,554,772 -39,748
Alacer Gold Corp. Common Shares Benbow, Robert D. 5 18/12/2014 38 154,089 5,407
Alacer Gold Corp. RSU Benbow, Robert D. 5 18/12/2014 38 227,985 -7,950
Alacer Gold Corp. Common Shares Iorich, Vladimir 3 15/12/2014 10 2.4533 5,941,496 -209,214
Alacer Gold Corp. Common Shares Iorich, Vladimir 3 16/12/2014 10 2.3627 5,916,342 -25,154
Alacer Gold Corp. Common Shares Iorich, Vladimir 3 17/12/2014 10 2.3034 5,869,103 -47,239
Alacer Gold Corp. Common Shares Iorich, Vladimir 3 19/12/2014 10 2.2696 5,263,953 -605,150
Alacer Gold Corp. Common Shares Iorich, Vladimir 3 15/12/2014 10 2.4533 49,657,551 -1,747,886
Alacer Gold Corp. Common Shares Iorich, Vladimir 3 16/12/2014 10 2.3627 49,447,405 -210,146
Alacer Gold Corp. Common Shares Iorich, Vladimir 3 17/12/2014 10 2.3034 -396,661
Alacer Gold Corp. Common Shares Iorich, Vladimir 3 17/12/2014 10 2.3034 -396,661
Alacer Gold Corp. Common Shares Iorich, Vladimir 3 17/12/2014 10 2.3034 49,052,744 -394,661
Alacer Gold Corp. Common Shares Iorich, Vladimir 3 19/12/2014 10 2.2696 43,996,994 -5,055,750
Alacer Gold Corp. Common Shares Kim, Roy 5 18/12/2014 38 27,377 4,372
Alacer Gold Corp. RSU Kim, Roy 5 18/12/2014 38 152,768 -4,372
Alacer Gold Corp. Common Shares LeRoux, John Mathew 7 18/12/2014 38 22,868 3,192
Alacer Gold Corp. RSU LeRoux, John Mathew 7 18/12/2014 38 192,732 -4,969
Alacer Gold Corp. Common Shares Sparks, Michael John 5 17/12/2014 38 2,732 1,366
Alacer Gold Corp. RSU Sparks, Michael John 5 17/12/2014 38 103,493 -1,983
AlarmForce Industries Inc. Common Shares Investmentaktiengesellschaft für langfristige Investoren TGV
3 17/12/2014 10 10.75 2,347,704 500
Alba Minerals Ltd. Common Shares Arbutus Enterprises Ltd. 3 09/07/2014 37 242,063 -968,250
Alba Minerals Ltd. Common Shares Arbutus Enterprises Ltd. 3 18/12/2014 10 0.04 759,063 40,000
Alba Minerals Ltd. Warrants Jonsson, Carl Roland 4, 5 05/06/2004 55 0 -225,000
Alba Minerals Ltd. Options Powell, Jason 4 15/06/2011 52 300,000 -100,000
Alba Minerals Ltd. Options Powell, Jason 4 11/12/2013 52 200,000 -100,000
Alba Minerals Ltd. Options Powell, Jason 4 09/07/2014 37 40,000 -160,000
Alba Minerals Ltd. Common Shares Powell, Theodore James Malcolm
4, 5 18/12/2014 10 0.04 1,737,513 40,000
Alba Minerals Ltd. Options Powell, Theodore James Malcolm
4, 5 30/08/2012 50 0.1 1,150,000 200,000
Alba Minerals Ltd. Options Powell, Theodore James Malcolm
4, 5 17/12/2012 52 800,000 -350,000
Alba Minerals Ltd. Options Powell, Theodore James Malcolm
4, 5 11/12/2013 52 560,000 -240,000
Alba Minerals Ltd. Options Powell, Theodore James Malcolm
4, 5 09/07/2014 37 112,000 -448,000
Alba Minerals Ltd. Warrants Powell, Theodore James Malcolm
4, 5 03/05/2007 55 0 -50,000
Alderon Iron Ore Corp. Common Shares Glavac, Anthony 5 19/12/2014 00
Alderon Iron Ore Corp. Options Glavac, Anthony 5 19/12/2014 00 90,000
Alexco Resource Corp. Options Clark, Michael 5 15/12/2014 00
Alexco Resource Corp. Options Clark, Michael 5 15/12/2014 50 0.6 35,000 35,000
Algold Resources Ltd. Common Shares Auclair, François 5 11/12/2014 10 0.23 93,333 5,000
Algoma Central Corporation Common Shares Wight, Greg D. 5 08/12/2014 10 16.91 3,201
Algoma Central Corporation Common Shares Wight, Greg D. 5 08/12/2014 10 16.91 3,201
Algoma Central Corporation Common Shares Wight, Greg D. 5 08/12/2014 10 16.91 76,597 -3,201
Algoma Central Corporation Common Shares Wight, Greg D. 5 09/12/2014 10 16.69 75,997 -600
Algoma Central Corporation Common Shares Wight, Greg D. 5 15/12/2014 10 16.08 65,997 -10,000
Alimentation Couche-Tard Inc.
Unité d'action différée Bourque, Nathalie 4 18/12/2014 35 42.12 11,875 13
Alimentation Couche-Tard Inc.
Unité d'action différée Desrosiers, Roger 4 18/12/2014 35 42.12 30,643 33
Alimentation Couche-Tard Inc.
Unité d'action différée Élie, Jean André 4 18/12/2014 35 42.12 29,614 31
Alimentation Couche-Tard Inc.
Unité d'action différée Fortin, Richard 4, 6, 7, 5 18/12/2014 35 42.12 13,745 14
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11532
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Alimentation Couche-Tard Inc.
Options Hannasch, Brian Patrick 7, 5 18/12/2014 51 5.665 1,230,434 -100,000
Alimentation Couche-Tard Inc.
Subordinate Voting Shares Catégorie B
Hannasch, Brian Patrick 7, 5 18/12/2014 51 5.665 513,100 100,000
Alimentation Couche-Tard Inc.
Subordinate Voting Shares Catégorie B
Hannasch, Brian Patrick 7, 5 18/12/2014 10 45.685 425,517 -87,583
Alimentation Couche-Tard Inc.
Subordinate Voting Shares Catégorie B
Hannasch, Brian Patrick 7, 5 18/12/2014 97 45.625 413,100 -12,417
Alimentation Couche-Tard Inc.
Unité d'action différée Kau, Mélanie 4 18/12/2014 35 42.12 57,414 61
Alimentation Couche-Tard Inc.
Unité d'action différée Plourde, Réal 4, 6, 7, 5 18/12/2014 35 42.12 202 1
Alimentation Couche-Tard Inc.
Unité d'action différée Rabinowicz, Daniel 5 18/12/2014 35 42.12 1,782 2
Alimentation Couche-Tard Inc.
Unité d'action différée Turmel, Jean 4 18/12/2014 35 42.12 91,182 98
Alliance Mining Corp. Common Shares Anderson, Christopher Ross 5 16/12/2014 10 0.01 6,328,500 60,000
Allied Properties Real Estate Investment Trust
Options Jacobs, Wayne Lester 5 18/12/2014 51 21.91 115,374 -16,365
Allied Properties Real Estate Investment Trust
Options Jacobs, Wayne Lester 5 18/12/2014 51 26.51 90,359 -25,015
Allied Properties Real Estate Investment Trust
Options Jacobs, Wayne Lester 5 18/12/2014 51 34.25 77,591 -12,768
Allied Properties Real Estate Investment Trust
Units Jacobs, Wayne Lester 5 17/12/2014 10 36.294 139,475 -54,148
Allied Properties Real Estate Investment Trust
Units Jacobs, Wayne Lester 5 18/12/2014 51 21.91 155,840 16,365
Allied Properties Real Estate Investment Trust
Units Jacobs, Wayne Lester 5 18/12/2014 51 26.51 180,855 25,015
Allied Properties Real Estate Investment Trust
Units Jacobs, Wayne Lester 5 18/12/2014 51 34.25 193,623 12,768
Almaden Minerals Ltd. Common Shares Poliquin, James Duane 4, 5 17/12/2014 10 1.14 -2,000
Almaden Minerals Ltd. Common Shares Poliquin, James Duane 4, 5 17/12/2014 10 1.14 -2,000
Almaden Minerals Ltd. Common Shares Poliquin, James Duane 4, 5 17/12/2014 10 1.14 2,383,436 2,000
AltaGas Ltd. Common Shares Fergusson, Hugh 4 18/12/2014 51 14.24 17,969 10,000
AltaGas Ltd. Options at $14.24 expiring December 10, 2018
Fergusson, Hugh 4 18/12/2014 51 14.24 8,000 -10,000
AltaGas Ltd. Common Shares Green, Jared Blake 5 11/12/2014 10 36.65 3,400 900
Alter NRG Corp. Rights RSU's Bolin, Kevin 4 15/12/2014 59 15,349 -20,408
Alter NRG Corp. Rights Rights PSU Fish, Richard 5 15/12/2014 59 0 -22,553
Alter NRG Corp. Rights Rights PSU Hay, Daniel Robert 5 15/12/2014 59 0 -22,553
Alter NRG Corp. Rights Rights PSU Hicks, Kent Olis 5 15/12/2014 59 0 -22,553
Alter NRG Corp. Rights Rights PSU Howard, Walter Quist 5 15/12/2014 59 0 -40,595
Alter NRG Corp. Rights RSU's Laird, Nancy M. 4 15/12/2014 59 13,407 -16,383
Alter NRG Corp. Rights RSU's Montemurro, Mark Anthony 5 15/12/2014 59 12,279 -15,255
Alter NRG Corp. Rights RSU's SIM, WAYNE 4 15/12/2014 59 4,762 -2,381
Alterra Power Corp. Common Shares McInnes, Donald Arthur 4 11/12/2014 10 0.335 2,563,197 -20,000
Alterra Power Corp. Common Shares McInnes, Donald Arthur 4 15/12/2014 10 0.335 2,523,197 -40,000
Alterra Power Corp. Common Shares McInnes, Donald Arthur 4 16/12/2014 10 0.33 2,503,197 -20,000
Alterra Power Corp. Common Shares McInnes, Donald Arthur 4 16/12/2014 10 0.32 2,493,197 -10,000
Altiplano Minerals Ltd. Common Shares Price, Joanne Rachel 4 19/12/2014 10 0.02 266,000 66,000
Altitude Resources Inc. (formerly Triumph Ventures III Corporation)
Common Shares Wusaty, Eugene 3, 4 15/12/2014 10 0.2 7,231,300 1,200
Altus Group Limited Common Shares Eisen, Barry Isaac 5 15/12/2014 10 3,743 250
Altus Group Limited Common Shares Eisen, Barry Isaac 5 15/12/2014 10 7,431 230
American Hotel Income Properties REIT LP
Units Lawson, Tamara 4 15/12/2014 10 9.59 5,000 500
American Potash Corp. Common Shares de jonge, rudy 4 21/07/2008 00
American Potash Corp. Common Shares de jonge, rudy 4 11/12/2014 97 0.08 312,500 312,500
American Potash Corp. Common Shares Proust, John Graham 4 08/12/2014 11 0.08 245,000 75,000
American Potash Corp. Warrants Proust, John Graham 4 08/12/2014 11 0.12 160,000 75,000
American Potash Corp. Common Shares Sieb, Mike 5 10/12/2014 46 594,375 444,375
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11533
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Amica Mature Lifestyles Inc. Common Shares Manjis Holdings Ltd. 3 15/12/2014 10 6.742 3,170,648 500
Amica Mature Lifestyles Inc. Common Shares Manjis Holdings Ltd. 3 15/12/2014 10 6.743 3,170,948 300
Amica Mature Lifestyles Inc. Common Shares Manjis Holdings Ltd. 3 15/12/2014 10 6.744 3,172,648 1,700
Amica Mature Lifestyles Inc. Common Shares Manjis Holdings Ltd. 3 15/12/2014 10 6.745 3,175,048 2,400
Amica Mature Lifestyles Inc. Common Shares Manjis Holdings Ltd. 3 15/12/2014 10 6.747 3,176,248 1,200
Amica Mature Lifestyles Inc. Common Shares Manjis Holdings Ltd. 3 15/12/2014 10 6.84 3,181,248 5,000
Amica Mature Lifestyles Inc. Common Shares Manjis Holdings Ltd. 3 16/12/2014 10 6.86 3,182,148 900
Amica Mature Lifestyles Inc. Common Shares Manjis Holdings Ltd. 3 16/12/2014 10 6.865 3,186,248 4,100
Amica Mature Lifestyles Inc. Common Shares Manjis Holdings Ltd. 3 16/12/2014 10 6.875 3,186,648 400
Amica Mature Lifestyles Inc. Common Shares Manjis Holdings Ltd. 3 16/12/2014 10 6.876 3,191,248 4,600
Amica Mature Lifestyles Inc. Common Shares van der Lee, Charles 4 16/12/2014 10 6.87 62,436 200
Amica Mature Lifestyles Inc. Common Shares van der Lee, Charles 4 16/12/2014 10 6.89 63,189 753
Amorfix Life Sciences Ltd. Common Shares Wyman, William Williams 4 11/12/2014 10 0.15 1,040,000 40,000
Amorfix Life Sciences Ltd. Common Shares Wyman, William Williams 4 12/12/2014 10 0.17 1,130,000 90,000
Amorfix Life Sciences Ltd. Common Shares Wyman, William Williams 4 15/12/2014 10 0.19 1,170,000 40,000
Anconia Resources Corp. Common Shares Florence, Meyer (Mike) Frederick
4, 5 10/12/2014 10 0.015 1,775,000 650,000
Anderson Energy Ltd. Common Shares SANDMEYER, DAVID JAMES
4 15/12/2014 10 0.115 100,000 70,000
Andrew Peller Limited (formerly Andrés Wines Ltd.)
Class B Voting Shares Kernaghan, Edward James 3 17/12/2014 10 22 337,600 -1,000
AQM Copper Inc. Common Shares Underwood, Erick Johanns 5 12/12/2014 30 0.06 750,000
AQM Copper Inc. Common Shares Underwood, Erick Johanns 5 12/12/2014 46 0.06 780,000 750,000
Arbitrage Exploration Inc. (formerly Blue Vista Technologies Inc.)
Common Shares Falconer, Alexander 4, 5 19/12/2014 37 319,895 -959,687
Arbitrage Exploration Inc. (formerly Blue Vista Technologies Inc.)
Common Shares Falconer, Alexander 4, 5 19/12/2014 37 60 -180
Arbitrage Exploration Inc. (formerly Blue Vista Technologies Inc.)
Common Shares Falconer, Alexander 4, 5 19/12/2014 37 6,799 -20,397
Arbitrage Exploration Inc. (formerly Blue Vista Technologies Inc.)
Common Shares Irwin, Christopher 4 18/12/2014 37 365,032 -1,095,099
Arbitrage Exploration Inc. (formerly Blue Vista Technologies Inc.)
Common Shares Irwin, Christopher 4 18/12/2014 37 607,079 -1,821,238
Arbitrage Exploration Inc. (formerly Blue Vista Technologies Inc.)
Options Irwin, Christopher 4 17/12/2014 52 0 -400,000
ARC Resources Ltd. Common Shares Groeneveld, Neil Adrian 5 15/12/2014 30 23.125 27,128 33
ARC Resources Ltd. Common Shares Kvisle, Harold N. 4 12/12/2014 10 23.25 38,500 4,000
ARC Resources Ltd. Common Shares Stadnyk, Myron Maurice 4, 5 15/12/2014 30 23.125 242,914 1,045
Arctic Hunter Energy Inc. Common Shares Coupland, Timothy Andrew 4, 5 12/12/2014 10 0.025 3,480,000 20,000
Arctic Hunter Energy Inc. Common Shares Coupland, Timothy Andrew 4, 5 18/12/2014 10 0.025 3,495,000 15,000
Arctic Star Exploration Corp. Common Shares Power, Patrick Edward 4, 5 16/12/2014 10 0.025 2,400,866 1,000
Arctic Star Exploration Corp. Common Shares Power, Patrick Edward 4, 5 16/12/2014 10 0.03 2,600,866 200,000
Argent Energy Trust Trust Units Wong, Mathew 5 12/12/2014 10 0.54 488 -7,770
Argent Energy Trust Trust Units Wong, Mathew 5 15/12/2014 30 0.54 3,112 2,624
Arsenal Energy Inc. Common Shares Mitchell, Bruce 3 18/12/2014 10 7 1,840,313 -50,000
Artis Real Estate Investment Trust
Restricted Units Green, James 5 15/12/2014 56 14.41 29,959 15
Artis Real Estate Investment Trust
Restricted Units Green, James 5 15/12/2014 56 14.41 29,980 21
Artis Real Estate Investment Trust
Restricted Units Green, James 5 15/12/2014 56 14.41 30,001 21
Artis Real Estate Investment Trust
Restricted Units Green, James 5 15/12/2014 56 14.41 30,112 111
Artis Real Estate Investment Trust
Restricted Units Green, James 5 15/12/2014 56 14.41 30,131 19
Artis Real Estate Investment Trust
Restricted Units Martens, Armin 4, 5 15/12/2014 56 14.41 37
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11534
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Artis Real Estate Investment Trust
Restricted Units Martens, Armin 4, 5 15/12/2014 56 14.41 132,455 37
Artis Real Estate Investment Trust
Restricted Units Martens, Armin 4, 5 15/12/2014 56 14.41 132,598 143
Artis Real Estate Investment Trust
Restricted Units Martens, Armin 4, 5 15/12/2014 56 14.41 132,653 55
Artis Real Estate Investment Trust
Restricted Units Martens, Armin 4, 5 15/12/2014 56 14.41 541
Artis Real Estate Investment Trust
Restricted Units Martens, Armin 4, 5 15/12/2014 56 14.41 541
Artis Real Estate Investment Trust
Restricted Units Martens, Armin 4, 5 15/12/2014 56 14.41 133,194 541
Artis Real Estate Investment Trust
Restricted Units Martens, Armin 4, 5 15/12/2014 56 14.41 133,245 51
Artis Real Estate Investment Trust
Deferred Units Ryan, Patrick Gowan 4 15/12/2014 56 14.41 1,743 11
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 10/11/2014 00
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 11/11/2014 38 0.89 11,989 11,989
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 12/11/2014 38 0.9 23,489 11,500
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 13/11/2014 38 0.8842 35,478 11,989
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 14/11/2014 38 0.8525 47,467 11,989
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 17/11/2014 38 0.86 52,467 5,000
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 18/11/2014 38 0.87 64,456 11,989
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 19/11/2014 38 0.8143 75,956 11,500
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 21/11/2014 38 0.89 87,456 11,500
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 24/11/2014 38 0.93 98,956 11,500
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 25/11/2014 38 0.9657 110,456 11,500
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 25/11/2014 38 0.9657 11,500
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 25/11/2014 38 0.9657 11,500
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 28/11/2014 38 98,467 -11,989
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 28/11/2014 38 86,967 -11,500
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 28/11/2014 38 74,978 -11,989
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 28/11/2014 38 62,989 -11,989
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 28/11/2014 38 57,989 -5,000
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 28/11/2014 38 46,000 -11,989
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 28/11/2014 38 34,500 -11,500
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 28/11/2014 38 23,000 -11,500
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 28/11/2014 38 11,500 -11,500
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 28/11/2014 38 0 -11,500
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 10/12/2014 38 0.89 11,989
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 10/12/2014 38 0.9 11,500
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 10/12/2014 38 0.8842 11,989
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 10/12/2014 38 0.8525 11,989
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 10/12/2014 38 0.86 5,000
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 10/12/2014 38 0.8143 11,500
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 10/12/2014 38 0.89 11,500
Aston Hill Financial Inc. Common Shares Aston Hill Financial Inc. 1 10/12/2014 38 0.93 11,500
Aston Hill Financial Inc. Convertible Debentures Aston Hill Financial Inc. 1 10/11/2014 00
Aston Hill Financial Inc. Convertible Debentures Aston Hill Financial Inc. 1 14/11/2014 38 98.15 $2,000 $2,000
Aston Hill Financial Inc. Convertible Debentures Aston Hill Financial Inc. 1 17/11/2014 38 98.15 $4,000 $2,000
Aston Hill Financial Inc. Convertible Debentures Aston Hill Financial Inc. 1 18/11/2014 38 98.1 $6,000 $2,000
Aston Hill Financial Inc. Convertible Debentures Aston Hill Financial Inc. 1 20/11/2014 38 97 $8,000 $2,000
Aston Hill Financial Inc. Convertible Debentures Aston Hill Financial Inc. 1 24/11/2014 38 99 $10,000 $2,000
Aston Hill Financial Inc. Convertible Debentures Aston Hill Financial Inc. 1 25/11/2014 38 98.62 $12,000 $2,000
Aston Hill Financial Inc. Convertible Debentures Aston Hill Financial Inc. 1 27/11/2014 38 98.5 $14,000 $2,000
Aston Hill Financial Inc. Convertible Debentures Aston Hill Financial Inc. 1 01/12/2014 38 $12,000 -$2,000
Aston Hill Financial Inc. Convertible Debentures Aston Hill Financial Inc. 1 01/12/2014 38 $2,000 -$10,000
Aston Hill Financial Inc. Common Shares Calvin, Bruce 4 19/12/2014 10 0.75 100,000 25,000
Astrix Networks Inc. Common Shares Mosca, Raphael 5 11/12/2014 11 0.12 376,650
Astrix Networks Inc. Common Shares Mosca, Raphael 5 11/12/2014 16 0.12 418,650 376,650
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11535
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Astrix Networks Inc. Warrants Mosca, Raphael 5 27/10/2014 00
Astrix Networks Inc. Warrants Mosca, Raphael 5 11/12/2014 16 188,325 188,325
Athabasca Oil Corporation Common Shares Hockley, Robert Blair 5 01/12/2014 00
Athabasca Oil Corporation Common Shares Hockley, Robert Blair 5 01/12/2014 00 3,850
Atlantic Gold Corporation (previously Spur Ventures Inc.)
Common Shares Dean, Steven G 4, 5 15/12/2014 10 0.19 2,153,000 100,000
Atna Resources Ltd. Common Shares Dickson, Glen Dale 4 09/07/2014 57 217,740 37,123
Atna Resources Ltd. Options Dickson, Glen Dale 4 09/12/2014 50 0.0675 1,127,200 250,000
Atna Resources Ltd. Rights Restricted Stock Units
Dickson, Glen Dale 4 09/07/2014 57 0 -37,123
Atna Resources Ltd. Options Fagin, David Kyle 4 17/12/2014 52 0.67 857,200 -120,000
Atna Resources Ltd. Options Herald, Christopher 4 17/12/2014 52 0.67 897,200 -120,000
Atna Resources Ltd. Options Hesketh, James 4 17/12/2014 52 3,076,900 -400,000
Atna Resources Ltd. Options Parker, Ronald Dean 4 17/12/2014 52 0.67 1,007,200 -120,000
Atna Resources Ltd. Options Stanley, William Russell 5 17/12/2014 52 0.67 1,648,400 -200,000
Atna Resources Ltd. Options Watkins, David Harold 4, 5 09/12/2014 50 0.0675 815,000 250,000
Atna Resources Ltd. Options Watkins, David Harold 4, 5 17/12/2014 52 0.71 695,000 -120,000
Atna Resources Ltd. Options Zink, Paul Harper 4 17/12/2014 52 0.67 717,200 -120,000
Atrium Mortgage Investment Corporation
Common Shares GOODALL, ROBERT 4, 5 18/12/2014 10 11.15 301,367 4,800
Atrium Mortgage Investment Corporation
Common Shares Sherman, Jeffrey Dennis 5 17/12/2014 10 11.25 7,415 2,000
Augusta Industries Inc. (formerly Fiber Optic Systems Technology, Inc.)
Common Shares Inwentash, Sheldon 6 15/12/2014 36 57,691,744 3,212,132
Augusta Industries Inc. (formerly Fiber Optic Systems Technology, Inc.)
Convertible Debentures Inwentash, Sheldon 6 15/12/2014 36 $0 -$141,959
Augusta Industries Inc. (formerly Fiber Optic Systems Technology, Inc.)
Common Shares Pinetree Capital Ltd. 3 15/12/2014 36 55,680,632 3,212,132
Augusta Industries Inc. (formerly Fiber Optic Systems Technology, Inc.)
Convertible Debentures Pinetree Capital Ltd. 3 15/12/2014 36 $0 -$141,959
Aura Minerals Inc. Common Shares Bannantine, James Martin 4 15/12/2014 57 1,072,500 41,667
Aura Minerals Inc. Options Bannantine, James Martin 4 15/12/2014 50 0.1 2,300,000 400,000
Aura Minerals Inc. Rights Bannantine, James Martin 4 15/12/2014 57 125,000 -41,667
Aura Minerals Inc. Common Shares Sercor Ltd. 3 08/12/2014 00 43,775,374
Aura Minerals Inc. Common Shares Sercor Ltd. 3 15/12/2014 11 0.075 44,388,874 613,500
Aura Minerals Inc. Common Shares Sercor Ltd. 3 15/12/2014 11 0.075 46,182,374 1,793,500
AuRico Gold Inc. Common Shares Bostwick, Christopher John 5 15/12/2014 57 3.7894 53,448 4,723
AuRico Gold Inc. Common Shares Bostwick, Christopher John 5 15/12/2014 10 3.7894 48,725 -4,723
AuRico Gold Inc. Options Bostwick, Christopher John 5 12/12/2014 50 4.0316 70,000
AuRico Gold Inc. Options Bostwick, Christopher John 5 12/12/2014 50 315,000 70,000
AuRico Gold Inc. Restricted Share Units Bostwick, Christopher John 5 12/12/2014 56 4.0316 29,171 15,000
AuRico Gold Inc. Restricted Share Units Bostwick, Christopher John 5 15/12/2014 57 4.02 24,448 -4,723
AuRico Gold Inc. Options Chausse, Robert Joseph 5 12/12/2014 50 4.0316 273,399
AuRico Gold Inc. Options Chausse, Robert Joseph 5 12/12/2014 50 820,895 273,399
AuRico Gold Inc. Performance Share Units Chausse, Robert Joseph 5 12/12/2014 56 4.0316 97,148 39,232
AuRico Gold Inc. Common Shares Chavez - Martinez, Mario Luis
4 15/12/2014 57 3.7894 73,073 4,217
AuRico Gold Inc. Options Chavez - Martinez, Mario Luis
4 12/12/2014 50 4.0316 70,000
AuRico Gold Inc. Options Chavez - Martinez, Mario Luis
4 12/12/2014 50 230,000 70,000
AuRico Gold Inc. Restricted Share Units Chavez - Martinez, Mario Luis
4 12/12/2014 56 4.0316 27,253 14,600
AuRico Gold Inc. Restricted Share Units Chavez - Martinez, Mario Luis
4 15/12/2014 57 4.02 23,036 -4,217
AuRico Gold Inc. Common Shares Day, Anne 5 15/12/2014 57 3.7894 29,513 3,306
AuRico Gold Inc. Common Shares Day, Anne 5 15/12/2014 10 3.7894 27,893 -1,620
AuRico Gold Inc. Options Day, Anne 5 12/12/2014 50 4.0316 60,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11536
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
AuRico Gold Inc. Options Day, Anne 5 12/12/2014 50 185,000 60,000
AuRico Gold Inc. Restricted Share Units Day, Anne 5 12/12/2014 56 4.0316 19,820 9,900
AuRico Gold Inc. Restricted Share Units Day, Anne 5 15/12/2014 57 4.02 16,514 -3,306
AuRico Gold Inc. Options MacPhail, Peter 5 12/12/2014 50 4.0316 273,399
AuRico Gold Inc. Options MacPhail, Peter 5 12/12/2014 50 857,837 273,399
AuRico Gold Inc. Performance Share Units MacPhail, Peter 5 12/12/2014 56 4.0316 137,812 39,232
AuRico Gold Inc. Common Shares Milner, Charlene Kristen 5 15/12/2014 57 3.7894 25,296 3,712
AuRico Gold Inc. Common Shares Milner, Charlene Kristen 5 15/12/2014 10 3.7894 23,461 -1,835
AuRico Gold Inc. Options Milner, Charlene Kristen 5 12/12/2014 50 4.0316 70,000
AuRico Gold Inc. Options Milner, Charlene Kristen 5 12/12/2014 50 253,500 70,000
AuRico Gold Inc. Restricted Share Units Milner, Charlene Kristen 5 12/12/2014 56 4.0316 22,235 11,100
AuRico Gold Inc. Restricted Share Units Milner, Charlene Kristen 5 15/12/2014 57 4.02 18,523 -3,712
AuRico Gold Inc. Options Perry, Scott Graeme 5 12/12/2014 50 4.0316 777,847
AuRico Gold Inc. Options Perry, Scott Graeme 5 12/12/2014 50 2,158,914 777,847
AuRico Gold Inc. Performance Share Units Perry, Scott Graeme 5 12/12/2014 56 4.0316 291,684 111,618
AuRico Gold Inc. Common Shares Richter, Christopher Hans 5 15/12/2014 57 3.7894 42,493 3,796
AuRico Gold Inc. Common Shares Richter, Christopher Hans 5 15/12/2014 10 3.7894 40,632 -1,861
AuRico Gold Inc. Options Richter, Christopher Hans 5 12/12/2014 50 4.0316 70,000
AuRico Gold Inc. Options Richter, Christopher Hans 5 12/12/2014 50 235,000 70,000
AuRico Gold Inc. Restricted Share Units Richter, Christopher Hans 5 12/12/2014 56 4.0316 22,688 11,300
AuRico Gold Inc. Restricted Share Units Richter, Christopher Hans 5 15/12/2014 57 4.02 18,892 -3,796
AuRico Gold Inc. Common Shares Rockingham, Christopher John
5 15/12/2014 57 3.7894 60,098 4,352
AuRico Gold Inc. Common Shares Rockingham, Christopher John
5 15/12/2014 10 3.7894 55,746 -4,352
AuRico Gold Inc. Options Rockingham, Christopher John
5 12/12/2014 50 4.0316 60,000
AuRico Gold Inc. Options Rockingham, Christopher John
5 12/12/2014 50 297,750 60,000
AuRico Gold Inc. Restricted Share Units Rockingham, Christopher John
5 12/12/2014 56 4.0316 26,057 13,000
AuRico Gold Inc. Restricted Share Units Rockingham, Christopher John
5 15/12/2014 57 4.02 21,705 -4,352
Aurora Cannabis Inc. Common Shares Booth, Terry 4 09/12/2014 00 40,000
Aurora Cannabis Inc. Common Shares Booth, Terry 4 09/12/2014 00 16,350,000
Aurora Cannabis Inc. Warrants Booth, Terry 4 09/12/2014 00 26,666
Aurora Cannabis Inc. Common Shares Dobler, Stephen 4 09/12/2014 00 19,350,000
Aurora Cannabis Inc. Common Shares Lesack, Dale 7 09/12/2014 00 3,000,000
Aurora Cannabis Inc. Common Shares levy, marc evan 4 16/12/2014 10 0.4 1,451,223 8,000
Aurora Cannabis Inc. Common Shares levy, marc evan 4 16/12/2014 10 0.45 1,453,223 2,000
Aurora Cannabis Inc. Common Shares levy, marc evan 4 16/12/2014 10 0.5 1,454,223 1,000
Aurora Cannabis Inc. Common Shares levy, marc evan 4 16/12/2014 10 0.69 1,456,223 2,000
Aurora Cannabis Inc. Common Shares levy, marc evan 4 18/12/2014 10 0.44 1,461,223 5,000
Aurora Cannabis Inc. Common Shares Mayerson, Christopher 7 09/12/2014 00 3,000,000
Aurora Cannabis Inc. Common Shares Moss, Isaac 4 16/12/2014 10 0.6 340,000 -60,000
Aurora Cannabis Inc. Common Shares Moss, Isaac 4 16/12/2014 10 0.7 290,000 -50,000
Australian REIT Income Fund
Trust Units Australian REIT Income Fund
1 15/12/2014 38 1,400 1,400
Australian REIT Income Fund
Trust Units Australian REIT Income Fund
1 15/12/2014 38 0 -1,400
AutoCanada Inc. Deferred share units Barefoot, Gordon Ronald 4, 7 15/12/2014 35 2,889 17
AutoCanada Inc. Restricted share units Christie, Jeffery John Stewart
5 15/12/2014 35 1,012 6
AutoCanada Inc. Deferred share units Cumming, Christopher David
4 15/12/2014 35 5,400 32
AutoCanada Inc. Deferred share units DesRosiers, Dennis Stephan
4 15/12/2014 35 3,426 20
AutoCanada Inc. Restricted share units Orysiuk, Thomas Louis 4, 5 15/12/2014 35 30,501 181
AutoCanada Inc. Restricted share units Priestner, Patrick John 4, 5 15/12/2014 35 31,589 187
AutoCanada Inc. Restricted share units Rose, Stephen Richard Edward
5 15/12/2014 35 20,075 119
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11537
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
AutoCanada Inc. Deferred share units Ross, Michael 4 15/12/2014 35 4,897 29
Avalon Rare Metals Inc. Common Shares Bubar, Donald Stephen 4, 5 15/12/2014 10 0.21 1,870,000 25,000
Avalon Rare Metals Inc. Common Shares Bubar, Donald Stephen 4, 5 15/12/2014 10 0.205 1,900,000 30,000
Aveda Transportation and Energy Services Inc.(formerly Phoenix Oilfield Hauling Inc.)
Common Shares Roycraft, Kevin Joseph 5 16/12/2014 10 2.33 19,300 2,800
Avivagen Inc. Common Shares Anthony, G.F. Kym 4 16/12/2014 16 0.06 1,666,666
Avivagen Inc. Common Shares Anthony, G.F. Kym 4 16/12/2014 16 0.06 1,666,666
Avivagen Inc. Common Shares Anthony, G.F. Kym 4 04/04/2014 00
Avivagen Inc. Common Shares Anthony, G.F. Kym 4 16/12/2014 16 0.06 1,666,666 1,666,666
Avivagen Inc. Warrants Anthony, G.F. Kym 4 16/12/2014 16 833,333
Avivagen Inc. Warrants Anthony, G.F. Kym 4 16/12/2014 16 833,333
Avivagen Inc. Warrants Anthony, G.F. Kym 4 04/04/2014 00
Avivagen Inc. Warrants Anthony, G.F. Kym 4 16/12/2014 16 833,333 833,333
Avivagen Inc. Common Shares Boland, Christopher John 5 16/12/2014 16 0.06 549,999 199,999
Avivagen Inc. Warrants Boland, Christopher John 5 16/12/2014 16 225,000 100,000
Avivagen Inc. Common Shares Groome, Cameron Lionel 4, 5 16/12/2014 16 0.06 5,000,000
Avivagen Inc. Common Shares Groome, Cameron Lionel 4, 5 16/12/2014 16 0.06 5,000,000
Avivagen Inc. Common Shares Groome, Cameron Lionel 4, 5 16/12/2014 16 0.06 877,000 500,000
Avivagen Inc. Warrants Groome, Cameron Lionel 4, 5 16/12/2014 16 250,000
Avivagen Inc. Warrants Groome, Cameron Lionel 4, 5 16/12/2014 16 250,000
Avivagen Inc. Warrants Groome, Cameron Lionel 4, 5 11/03/2013 00
Avivagen Inc. Warrants Groome, Cameron Lionel 4, 5 16/12/2014 16 250,000 250,000
B2Gold Corp. Options (Common Shares)
Connelly, Mark 4 10/10/2014 00
B2Gold Corp. Options (Common Shares)
Connelly, Mark 4 18/12/2014 50 2 250,000 250,000
Bank of Montreal Deferred Share Units Ares, Jean-Michel 5 15/12/2014 56 79.88 32,209 4,507
Bank of Montreal Options Ares, Jean-Michel 5 15/12/2014 50 79.09 205,329 16,008
Bank of Montreal Restricted Share Units Ares, Jean-Michel 5 15/12/2014 56 82.38 41,811 14,445
Bank of Montreal Restricted Share Units Ares, Jean-Michel 5 15/12/2014 56 82.38 66,089 24,278
Bank of Montreal Deferred Share Units Astley, Robert M. 4 16/12/2014 56 78.09 34,293 325
Bank of Montreal Deferred Share Units Begy, Christopher Blake 5 15/12/2014 56 79.88 17,108 1,064
Bank of Montreal Options Begy, Christopher Blake 5 15/12/2014 50 78.09 91,974 5,123
Bank of Montreal Restricted Share Units Begy, Christopher Blake 5 15/12/2014 56 82.38 14,051 4,673
Bank of Montreal Deferred Share Units Downe, William 7, 5 15/12/2014 56 79.88 300,969 30,045
Bank of Montreal Options Downe, William 7, 5 15/12/2014 50 78.09 51,223
Bank of Montreal Options Downe, William 7, 5 15/12/2014 50 78.09 51,223
Bank of Montreal Options Downe, William 7, 5 15/12/2014 50 78.09 1,179,867 51,223
Bank of Montreal Restricted Share Units Downe, William 7, 5 15/12/2014 56 82.38 156,553 41,272
Bank of Montreal Deferred Share Units Fish, Simon Adrian 5 15/12/2014 56 79.88 19,884 1,565
Bank of Montreal Options Fish, Simon Adrian 5 15/12/2014 50 78.09 167,220 9,285
Bank of Montreal Restricted Share Units Fish, Simon Adrian 5 15/12/2014 56 82.38 21,898 7,283
Bank of Montreal Common Shares Flynn, Thomas Earl 7 15/12/2014 51 34.13 6,600 3,800
Bank of Montreal Common Shares Flynn, Thomas Earl 7 15/12/2014 10 78.878 2,800 -3,800
Bank of Montreal Common Shares Flynn, Thomas Earl 7 16/12/2014 51 34.13 5,725 2,925
Bank of Montreal Common Shares Flynn, Thomas Earl 7 16/12/2014 10 80.189 2,800 -2,925
Bank of Montreal Deferred Share Units Flynn, Thomas Earl 7 15/12/2014 56 79.88 16,733 5,195
Bank of Montreal Options Flynn, Thomas Earl 7 15/12/2014 51 34.13 347,301 -3,800
Bank of Montreal Options Flynn, Thomas Earl 7 15/12/2014 50 78.09 364,589 17,288
Bank of Montreal Options Flynn, Thomas Earl 7 16/12/2014 51 34.13 361,664 -2,925
Bank of Montreal Restricted Share Units Flynn, Thomas Earl 7 15/12/2014 56 82.38 43,607 15,174
Bank of Montreal Deferred Share Units Fowler, Cameron McAskile 5 19/01/2009 00
Bank of Montreal Deferred Share Units Fowler, Cameron McAskile 5 19/01/2009 00
Bank of Montreal Deferred Share Units Fowler, Cameron McAskile 5 19/01/2009 00
Bank of Montreal Deferred Share Units Fowler, Cameron McAskile 5 15/12/2014 56 79.88 3,130 3,130
Bank of Montreal Options Fowler, Cameron McAskile 5 15/12/2014 50 78.09 88,319 9,605
Bank of Montreal Restricted Share Units Fowler, Cameron McAskile 5 15/12/2014 56 82.38 21,141 9,104
Bank of Montreal Deferred Share Units Furlong, Mark 7, 5 15/12/2014 56 79.88 21,822 7,243
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11538
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Bank of Montreal Options Furlong, Mark 7, 5 15/12/2014 50 78.09 236,164 23,075
Bank of Montreal Restricted Share Units Furlong, Mark 7, 5 15/12/2014 56 82.38 61,122 22,011
Bank of Montreal Deferred Share Units Ouellette, Gilles Gerard 5 15/12/2014 56 79.88 153,746 5,446
Bank of Montreal Options Ouellette, Gilles Gerard 5 15/12/2014 50 78.09 582,989 19,849
Bank of Montreal Restricted Share Units Ouellette, Gilles Gerard 5 15/12/2014 56 82.38 52,005 17,177
Bank of Montreal Deferred Share Units Piper, Martha Cook 4 16/12/2014 56 78.09 24,644 325
Bank of Montreal Deferred Share Units Rajpal, Surjit 5 15/12/2014 56 79.88 25,000 5,215
Bank of Montreal Options Rajpal, Surjit 5 15/12/2014 50 78.09 116,267 17,581
Bank of Montreal Restricted Share Units Rajpal, Surjit 5 15/12/2014 56 82.38 42,432 16,665
Bank of Montreal Deferred Share Units Rotenberg, Joanna Michelle 5 15/12/2014 56 79.88 6,699 1,627
Bank of Montreal Options Rotenberg, Joanna Michelle 5 15/12/2014 50 78.09 52,786 7,364
Bank of Montreal Restricted Share Units Rotenberg, Joanna Michelle 5 15/12/2014 56 82.38 15,534 6,130
Bank of Montreal Deferred Share Units Rudderham, Richard D. 5 15/12/2014 56 79.88 40,227 2,644
Bank of Montreal Options Rudderham, Richard D. 5 15/12/2014 50 78.09 147,799 8,299
Bank of Montreal Restricted Share Units Rudderham, Richard D. 5 15/12/2014 56 82.38 23,504 8,449
Bank of Montreal Options Stefankiewicz, Connie Anne 5 15/12/2014 50 78.09 65,743 8,965
Bank of Montreal Restricted Share Units Stefankiewicz, Connie Anne 5 15/12/2014 56 82.38 18,527 6,494
Bank of Montreal Deferred Share Units Techar, Frank J. 5 15/12/2014 56 79.88 112,201 8,888
Bank of Montreal Options Techar, Frank J. 5 15/12/2014 50 78.09 394,862 30,094
Bank of Montreal Restricted Share Units Techar, Frank J. 5 15/12/2014 56 82.38 67,382 30,954
Bank of Montreal Options White, William Darryl 5 15/12/2014 50 78.09 53,451 15,876
Bank of Montreal Restricted Share Units White, William Darryl 5 26/11/2014 35 83.59 77,054 712
Bank of Montreal Restricted Share Units White, William Darryl 5 01/12/2014 59 82.38 -35,241
Bank of Montreal Restricted Share Units White, William Darryl 5 01/12/2014 59 82.38 -35,241
Bank of Montreal Restricted Share Units White, William Darryl 5 01/12/2014 59 82.38 41,814 -35,240
Bank of Montreal Restricted Share Units White, William Darryl 5 15/12/2014 56 82.38 70,776 28,962
Bank of Montreal Restricted Share Units White, William Darryl 5 01/11/2014 00
Bank of Montreal Restricted Share Units White, William Darryl 5 01/11/2014 00 76,342
Bank of Nova Scotia, The Options Alexander, Deborah 5 16/12/2014 50 458,682 31,286
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Alexander, Deborah 5 05/12/2014 30 31,320 -1,356
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Alexander, Deborah 5 05/12/2014 30 69.14 20,351 -10,969
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Alexander, Deborah 5 16/12/2014 56 31,893 11,542
Bank of Nova Scotia, The Options Durland, Michael 5 16/12/2014 50 1,343,160 122,676
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Durland, Michael 5 05/12/2014 30 125,074 -5,300
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Durland, Michael 5 05/12/2014 30 69.14 82,196 -42,878
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Durland, Michael 5 16/12/2014 56 45,256
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Durland, Michael 5 16/12/2014 56 127,452 45,256
Bank of Nova Scotia, The Options Hart, Stephen Peter 5 16/12/2014 50 259,394 42,814
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Hart, Stephen Peter 5 05/12/2014 30 25,846 -924
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Hart, Stephen Peter 5 05/12/2014 30 69.14 18,367 -7,479
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Hart, Stephen Peter 5 16/12/2014 56 15,794
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Hart, Stephen Peter 5 16/12/2014 56 34,161 15,794
Bank of Nova Scotia, The Options Heath, Jeffrey Charles 5 16/12/2014 50 255,488 21,956
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Heath, Jeffrey Charles 5 05/12/2014 30 22,880 -986
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Heath, Jeffrey Charles 5 05/12/2014 30 69.14 14,903 -7,977
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Heath, Jeffrey Charles 5 16/12/2014 56 8,100
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Heath, Jeffrey Charles 5 16/12/2014 56 23,003 8,100
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11539
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Bank of Nova Scotia, The Options Jentsch, Dieter Werner 5 16/12/2014 50 377,570 54,614
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Jentsch, Dieter Werner 5 05/12/2014 30 40,204 -1,380
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Jentsch, Dieter Werner 5 05/12/2014 30 69.14 29,036 -11,168
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Jentsch, Dieter Werner 5 16/12/2014 56 20,148
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Jentsch, Dieter Werner 5 16/12/2014 56 49,184 20,148
Bank of Nova Scotia, The Options Mason, Barbara Frances 5 16/12/2014 50 308,652 40,344
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Mason, Barbara Frances 5 05/12/2014 30 34,296 -1,232
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Mason, Barbara Frances 5 05/12/2014 30 69.14 24,324 -9,972
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Mason, Barbara Frances 5 16/12/2014 56 14,883
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Mason, Barbara Frances 5 16/12/2014 56 39,207 14,883
Bank of Nova Scotia, The Options McGuckin, Sean 5 16/12/2014 50 242,448 45,832
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
McGuckin, Sean 5 05/12/2014 30 31,930 -495
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
McGuckin, Sean 5 05/12/2014 30 -9,409
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
McGuckin, Sean 5 05/12/2014 30 69.14 22,521 -9,409
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
McGuckin, Sean 5 16/12/2014 56 16,908
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
McGuckin, Sean 5 16/12/2014 56 39,429 16,908
Bank of Nova Scotia, The Common Shares McKenzie, Kimberlee 5 17/12/2014 51 33.89 32,215 100
Bank of Nova Scotia, The Common Shares McKenzie, Kimberlee 5 17/12/2014 47 32,115 -100
Bank of Nova Scotia, The Common Shares McKenzie, Kimberlee 5 17/12/2014 51 33.89 32,215 100
Bank of Nova Scotia, The Common Shares McKenzie, Kimberlee 5 17/12/2014 47 32,115 -100
Bank of Nova Scotia, The Common Shares McKenzie, Kimberlee 5 17/12/2014 51 33.89 52,115 20,000
Bank of Nova Scotia, The Options McKenzie, Kimberlee 5 16/12/2014 50 228,542 23,054
Bank of Nova Scotia, The Options McKenzie, Kimberlee 5 17/12/2014 51 33.89 228,442 -100
Bank of Nova Scotia, The Options McKenzie, Kimberlee 5 17/12/2014 51 33.89 228,342 -100
Bank of Nova Scotia, The Options McKenzie, Kimberlee 5 17/12/2014 51 33.89 208,342 -20,000
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
McKenzie, Kimberlee 5 05/12/2014 30 21,366 -1,035
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
McKenzie, Kimberlee 5 05/12/2014 30 69.14 12,990 -8,376
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
McKenzie, Kimberlee 5 16/12/2014 56 8,504
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
McKenzie, Kimberlee 5 16/12/2014 56 21,494 8,504
Bank of Nova Scotia, The Options Porter, Brian J 4, 5 16/12/2014 50 986,968 150,944
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Porter, Brian J 4, 5 05/12/2014 30 100,449 -3,081
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Porter, Brian J 4, 5 05/12/2014 30 69.14 75,520 -24,929
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
Porter, Brian J 4, 5 16/12/2014 56 131,204 55,684
Bank of Nova Scotia, The Options von Hahn, Anatol 5 16/12/2014 50 462,002 57,634
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
von Hahn, Anatol 5 05/12/2014 30 47,243 -1,504
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
von Hahn, Anatol 5 05/12/2014 30 69.14 35,078 -12,165
Bank of Nova Scotia, The Rights Performance Share Units (PSU)
von Hahn, Anatol 5 16/12/2014 56 56,339 21,261
Bankers Petroleum Ltd. Common Shares Brown, Eric 4 18/12/2014 10 3.0861 66,572 -15,000
Bannerman Resources Limited
Options RCF Management LLC 4 19/12/2011 46 394,000
Bannerman Resources Limited
Options RCF Management LLC 4 07/12/2012 46 683,800
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11540
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Bannerman Resources Limited
Options RCF Management LLC 4 23/12/2013 46 1,126,000
Bannerman Resources Limited
Options RCF Management LLC 4 17/11/2014 52 -394,000
Bannerman Resources Limited
Options RCF Management LLC 4 19/01/2011 00
Bannerman Resources Limited
Options RCF Management LLC 4 19/12/2011 46 394,000 394,000
Bannerman Resources Limited
Options RCF Management LLC 4 07/12/2012 46 1,077,800 683,800
Bannerman Resources Limited
Options RCF Management LLC 4 23/12/2013 46 2,203,800 1,126,000
Bannerman Resources Limited
Options RCF Management LLC 4 17/11/2014 52 1,809,800 -394,000
Bannerman Resources Limited
Options Resource Capital Funds Management Pty Ltd
4 15/12/2014 00
Bannerman Resources Limited
Options Resource Capital Funds Management Pty Ltd
4 15/12/2014 00
Banyan Gold Corp. (Formerly Banyan Coast Capital Corp.)
Common Shares Class “A”
Ayranto, Mark 3, 4 10/12/2014 10 558,500 30,000
Banyan Gold Corp. (Formerly Banyan Coast Capital Corp.)
Common Shares Class “A”
Rutt, David 3, 4, 5 15/12/2014 10 0.035 220,300 70,000
Barrick Gold Corporation Common Shares Usmar, Shaun Alleyne 5 03/12/2014 00
Barrick Gold Corporation Common Shares Usmar, Shaun Alleyne 5 15/12/2014 10 12.98 17,490 17,490
Batero Gold Corp. Common Shares Uribe Hurtado, Juan David 3 16/12/2014 10 0.0802 3,951,000 200,000
Batero Gold Corp. Common Shares Uribe Hurtado, Juan David 3 17/12/2014 10 0.0835 4,301,000 350,000
Battle Mountain Gold Inc. Common Shares Elliott, David Brian 3 17/12/2014 16 0.1 500,000 100,000
Battle Mountain Gold Inc. Common Shares Elliott, David Brian 3 17/12/2014 16 0.1 2,157,250 200,000
Battle Mountain Gold Inc. Common Shares Elliott, David Brian 3 17/12/2014 16 0.1 2,184,625 27,375
Battle Mountain Gold Inc. Warrants Elliott, David Brian 3 29/08/2014 00
Battle Mountain Gold Inc. Warrants Elliott, David Brian 3 17/12/2014 16 0.2 50,000 50,000
Battle Mountain Gold Inc. Warrants Elliott, David Brian 3 17/12/2014 16 0.2 850,000 100,000
Battle Mountain Gold Inc. Common Shares Garwin, Steven Lee 4 17/12/2014 16 0.1 900,000 100,000
Battle Mountain Gold Inc. Warrants Garwin, Steven Lee 4 14/05/2014 00
Battle Mountain Gold Inc. Warrants Garwin, Steven Lee 4 17/12/2014 16 0.2 50,000 50,000
Battle Mountain Gold Inc. Common Shares IDZISZEK, Chester (Chet) 4, 5 17/12/2014 16 0.1 1,278,397 75,000
Battle Mountain Gold Inc. Warrants IDZISZEK, Chester (Chet) 4, 5 17/12/2014 16 0.2 37,500 37,500
Bayfield Ventures Corp. Options Chow, Amanda 4 14/12/2014 52 0.35 547,144 -60,000
Bayfield Ventures Corp. Options Huston, Donald Carl 4, 5 14/12/2014 52 0.35 1,015,000 -100,000
Bayfield Ventures Corp. Common Shares Marvin, Robert David 8 26/10/2010 10 0.8 25,000
Bayfield Ventures Corp. Common Shares Marvin, Robert David 8 26/10/2010 10 0.8 25,000
Bayfield Ventures Corp. Common Shares Marvin, Robert David 8 26/05/2011 10 0.61 64,000 -10,000
Bayfield Ventures Corp. Options Myers, Donald George 4 14/12/2014 52 0.35 1,043,000 -100,000
Bayfield Ventures Corp. Options PETTIT, JIM, GAYDON 4 14/12/2014 52 0.35 834,500 -100,000
Baylin Technologies Inc. Common Shares Royer, Jeffrey 3, 4 17/12/2014 10 2.6 55,700 14,700
Baytex Energy Corp. Common Shares Desrosiers, Murray Joseph 5 17/12/2014 57 15.18 41,899 5,000
Baytex Energy Corp. Common Shares Desrosiers, Murray Joseph 5 17/12/2014 10 18.38 36,899 -5,000
Baytex Energy Corp. Common Shares Desrosiers, Murray Joseph 5 19/12/2014 57 15.18 41,899 5,000
Baytex Energy Corp. Common Shares Desrosiers, Murray Joseph 5 19/12/2014 10 20.64 36,899 -5,000
Baytex Energy Corp. Incentive Rights Desrosiers, Murray Joseph 5 17/12/2014 57 27.72 5,000 -5,000
Baytex Energy Corp. Incentive Rights Desrosiers, Murray Joseph 5 19/12/2014 57 27.72 0 -5,000
Baytex Energy Corp. Common Shares GOEPEL, RUSTON ERNEST TREMAYNE
4 19/12/2014 57 15.18 26,748 8,000
Baytex Energy Corp. Incentive Rights GOEPEL, RUSTON ERNEST TREMAYNE
4 19/12/2014 57 27.72 0 -8,000
Baytex Energy Corp. Common Shares Montemurro, Mark Anthony 5 18/12/2014 30 32.1 1,307 1,212
Baytex Energy Corp. Common Shares Montemurro, Mark Anthony 5 18/12/2014 10 19.56 95 -1,212
Baytex Energy Corp. Common Shares Peters, Mary Ellen 4 18/12/2014 10 16.83 4,330 1,485
Baytex Energy Corp. Common Shares Shwed, Dale Orest 4 16/12/2014 57 15.18 113,027 8,000
Baytex Energy Corp. Common Shares Shwed, Dale Orest 4 16/12/2014 10 16.24 105,027 -8,000
Baytex Energy Corp. Incentive Rights Shwed, Dale Orest 4 16/12/2014 57 27.72 0 -8,000
BCGold Corp. Common Shares Elliott, David Brian 3 18/12/2014 16 0.02 750,000 500,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11541
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
BCGold Corp. Common Shares Elliott, David Brian 3 18/12/2014 16 0.02 4,100,000 1,000,000
BCGold Corp. Warrants Elliott, David Brian 3 18/12/2014 16 0.05 750,000 500,000
BCGold Corp. Warrants Elliott, David Brian 3 18/12/2014 16 0.05 4,159,600 1,000,000
BCGold Corp. Warrants Elliott, David Brian 3 18/12/2014 16 0.05 4,247,100 87,500
Bellatrix Exploration Ltd. Common Shares BLAIR, TIMOTHY 5 15/12/2014 30 3.6758 83,726 1,049
Bellatrix Exploration Ltd. Common Shares Brown, Edward John 5 15/12/2014 30 3.6758 176,765 1,072
Bellatrix Exploration Ltd. Common Shares Brown, Edward John 5 15/12/2014 30 3.6758 42,018 555
Bellatrix Exploration Ltd. Common Shares Curry, Christopher Dale 5 15/12/2014 30 3.6758 3,568 1,064
Bellatrix Exploration Ltd. Common Shares Eshleman, Brent Andrew 5 15/12/2014 30 3.6758 94,357 1,627
Bellatrix Exploration Ltd. Common Shares Gress-Blue, Leanne K. 5 15/12/2014 30 3.6758 49,379 1,068
Bellatrix Exploration Ltd. Common Shares Kraus, Charles R. 5 15/12/2014 30 3.6758 3,900 1,360
Bellatrix Exploration Ltd. Options Kraus, Charles R. 5 02/09/2014 00
Bellatrix Exploration Ltd. Options Kraus, Charles R. 5 11/12/2014 50 4.06 150,000 150,000
Bellatrix Exploration Ltd. Common Shares Laing, David 5 15/12/2014 30 3.6758 32,622 1,110
Bellatrix Exploration Ltd. Options Laing, David 5 11/12/2014 50 4.06 207,000 25,000
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 2.99 3,693,566 200
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3 3,693,766 200
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.01 3,693,866 100
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.07 3,694,466 600
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.08 3,699,066 4,600
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.17 3,699,166 100
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.45 3,701,266 2,100
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.46 3,708,366 7,100
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.47 3,711,166 2,800
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.48 3,720,966 9,800
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.49 3,729,966 9,000
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.5 3,731,766 1,800
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.51 3,732,766 1,000
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.52 3,733,866 1,100
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.54 3,740,566 6,700
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.55 3,741,766 1,200
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.56 3,742,766 1,000
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.57 3,746,966 4,200
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.58 3,756,966 10,000
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.59 3,774,366 17,400
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.6 3,784,266 9,900
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.64 3,784,466 200
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.65 3,785,566 1,100
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.66 3,786,766 1,200
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.67 3,787,766 1,000
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.68 3,788,966 1,200
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.69 3,790,266 1,300
Bellatrix Exploration Ltd. Common Shares Lewis, Daniel Seth 6 15/12/2014 10 3.7 3,793,366 3,100
Bellatrix Exploration Ltd. Common Shares Nichol, Kelly Malcolm 5 15/12/2014 30 3.6758 37,964 1,197
Bellatrix Exploration Ltd. Common Shares Oicle, Russell G. 5 15/12/2014 30 3.6758 72,457 1,380
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 2.99 3,693,566 200
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3 3,693,766 200
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.01 3,693,866 100
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.07 3,694,466 600
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.08 3,699,066 4,600
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.17 3,699,166 100
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.45 3,701,266 2,100
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.46 3,708,366 7,100
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.47 3,711,166 2,800
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.48 3,720,966 9,800
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.49 3,729,966 9,000
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.5 3,731,766 1,800
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.51 3,732,766 1,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11542
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.52 3,733,866 1,100
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.54 3,740,566 6,700
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.55 3,741,766 1,200
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.56 3,742,766 1,000
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.57 3,746,966 4,200
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.58 3,756,966 10,000
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.59 3,774,366 17,400
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.6 3,784,266 9,900
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.64 3,784,466 200
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.65 3,785,566 1,100
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.66 3,786,766 1,200
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.67 3,787,766 1,000
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.68 3,788,966 1,200
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.69 3,790,266 1,300
Bellatrix Exploration Ltd. Common Shares Orange Capital, LLC 3 15/12/2014 10 3.7 3,793,366 3,100
Bellatrix Exploration Ltd. Common Shares Smith, Raymond George 4 15/12/2014 30 3.6758 491,898 2,267
Bellatrix Exploration Ltd. Common Shares Stephen, Mark Lindsay 5 15/12/2014 30 3.6758 17,209 1,246
Bellatrix Exploration Ltd. Common Shares Toth, Steve 5 15/12/2014 30 3.6758 1,740 1,020
Bellatrix Exploration Ltd. Options Toth, Steve 5 23/10/2014 00
Bellatrix Exploration Ltd. Options Toth, Steve 5 11/12/2014 50 4.06 100,000 100,000
Bellatrix Exploration Ltd. Common Shares Ulmer, Garrett 5 15/12/2014 30 3.6758 25,732 1,171
Belo Sun Mining Corp. Common Shares Eaton, Mark Price 4, 5 17/12/2014 10 0.13 8,674,500 36,000
Belo Sun Mining Corp. Options Eaton, Mark Price 4, 5 18/12/2014 38 1.33 3,100,000 -750,000
Belo Sun Mining Corp. Options Eaton, Mark Price 4, 5 18/12/2014 38 1.15 2,500,000 -600,000
Belo Sun Mining Corp. Options Eaton, Mark Price 4, 5 18/12/2014 38 1.15 1,900,000 -600,000
Belo Sun Mining Corp. Options Pritchard, Ian 5 16/12/2014 38 300,000
Belo Sun Mining Corp. Options Pritchard, Ian 5 16/12/2014 38 900,000 -300,000
Belo Sun Mining Corp. Options Pritchard, Ian 5 16/12/2014 38 400,000
Belo Sun Mining Corp. Options Pritchard, Ian 5 16/12/2014 38 500,000 -400,000
Belo Sun Mining Corp. Options Ptolemy, Ryan Jeffery 5 15/12/2014 38 670,000 -300,000
Belo Sun Mining Corp. Options Ptolemy, Ryan Jeffery 5 15/12/2014 38 520,000 -150,000
Belo Sun Mining Corp. Options Ptolemy, Ryan Jeffery 5 15/12/2014 38 420,000 -100,000
Belo Sun Mining Corp. Options Stretch, Catherine 4 16/12/2014 38 1.15 100,000 -350,000
Big Rock Labs Inc. Common Shares PAWLOWICZ, KARL 4 16/12/2014 10 1.25 4,901,750 -6,000
Big Rock Labs Inc. Common Shares PAWLOWICZ, KARL 4 16/12/2014 10 1.25 4,896,750 -5,000
Big Rock Labs Inc. Common Shares PAWLOWICZ, KARL 4 16/12/2014 10 1.25 4,891,750 -5,000
Big Rock Labs Inc. Common Shares PAWLOWICZ, KARL 4 16/12/2014 10 1.25 4,881,750 -10,000
Big Rock Labs Inc. Common Shares Seemann, Harald 4 16/12/2014 10 1.25 181,982 -6,700
Big Rock Labs Inc. Common Shares Seemann, Harald 4 16/12/2014 10 1.25 177,182 -4,800
Big Rock Labs Inc. Common Shares Seemann, Harald 4 16/12/2014 10 1.25 167,182 -10,000
Big Rock Labs Inc. Common Shares Seemann, Harald 4 16/12/2014 10 1.25 157,182 -10,000
Big Rock Labs Inc. Common Shares Seemann, Harald 4 16/12/2014 10 1.25 152,182 -5,000
Big Rock Labs Inc. Common Shares Seemann, Harald 4 16/12/2014 10 1.25 137,182 -15,000
Big Rock Labs Inc. Common Shares Seemann, Harald 4 16/12/2014 10 1.25 7,944,049 -10,500
Big Rock Labs Inc. Common Shares Seemann, Harald 4 16/12/2014 10 1.25 7,942,049 -2,000
Big Rock Labs Inc. Common Shares Seemann, Harald 4 18/12/2014 10 0.82 7,931,049 -11,000
Big Rock Labs Inc. Common Shares Seemann, Harald 4 18/12/2014 10 0.829 7,928,549 -2,500
Big Rock Labs Inc. Common Shares Seemann, Harald 4 19/12/2014 10 0.81 7,921,149 -7,400
Big Rock Labs Inc. Common Shares Seemann, Harald 4 19/12/2014 10 1.11 7,921,649 500
BioAB Strategies Ltd. Common Shares Chin, Kelsey 5 19/12/2014 00 200,000
BioAB Strategies Ltd. Common Shares Kriznic, Daniel Stanislav 3, 4, 5 19/12/2014 00 10,072,060
BioAB Strategies Ltd. Common Shares Levesque, Marie Caterine 3 19/12/2014 00 10,117,060
Bird Construction Inc. MTIP - Phantom Shares Ainley, Matthew David 5 19/12/2014 35 7,381 40
Bird Construction Inc. MTIP - Phantom Shares Boyd, Ian Jeffrey 5 19/12/2014 35 23,865 130
Bird Construction Inc. MTIP - Phantom Shares Brennan, James Joseph 5 19/12/2014 35 27,091 147
Bird Construction Inc. MTIP - Phantom Shares CAZA, Charles Joseph 5 19/12/2014 35 10,575 57
Bird Construction Inc. Rights Deferred Share Units
Doyle, Donald Gregory 4 19/12/2014 35 10,237 55
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11543
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Bird Construction Inc. Rights Deferred Share Units
DuPont, Bonnie Dianne Rose
4 19/12/2014 35 9,364 51
Bird Construction Inc. MTIP - Phantom Shares Entwistle, Stephen Robert 5 19/12/2014 35 8,507 47
Bird Construction Inc. MTIP - Phantom Shares McClure, Kenneth William 5 19/12/2014 35 24,511 133
Bird Construction Inc. Rights Deferred Share Units
Munkley, Ronald David 4 19/12/2014 35 7,851 43
Bird Construction Inc. MTIP - Phantom Shares Nakagawa, Ken 5 19/12/2014 35 9,292 50
Bird Construction Inc. MTIP - Phantom Shares Raboud, Paul Robert 4 19/12/2014 35 128
Bird Construction Inc. MTIP - Phantom Shares Raboud, Paul Robert 4 19/12/2014 35 23,571 129
Bird Construction Inc. MTIP - Phantom Shares ROYER, GILLES GERALD 5 19/12/2014 35 28,264 153
Bird Construction Inc. MTIP - Phantom Shares Talbott, Timothy James 4 19/12/2014 35 67,345 366
Bird Construction Inc. Rights Deferred Share Units
Thorsteinson, Arni Clayton 4 19/12/2014 35 7,829 43
Black Diamond Group Limited
Common Shares Kassam, Minaz 4 17/12/2014 90 221,372 20,000
Black Diamond Group Limited
Common Shares Kassam, Minaz 4 17/12/2014 90 19,998 -20,000
Black Diamond Group Limited
Common Shares Stein, Steve 4, 5 16/12/2014 90 170,000 170,000
Black Diamond Group Limited
Common Shares Stein, Steve 4, 5 16/12/2014 90 854,436 -170,000
Black Widow Resources Inc. Common Shares Novak, Neil 4, 5 12/12/2014 10 0.035 2,087,700 9,000
BlackBerry Limited (formerly Research In Motion Limited)
Common Shares Lace, Roger 6 06/01/2014 10 8.44 14,300 1,900
BlackBerry Limited (formerly Research In Motion Limited)
Common Shares Lace, Roger 6 06/01/2014 10 8.45 26,200 11,900
Blackheath Resources Inc. Common Shares Shandong Donglin Investment Co. Ltd.
3 17/12/2014 00 2,850,000
Blackheath Resources Inc. Warrants Shandong Donglin Investment Co. Ltd.
3 17/12/2014 00 1,425,000
Blackline GPS Corp. Common Shares Finbow, John Robert 4 12/12/2014 10 2.5 49,600 3,000
Blackline GPS Corp. Common Shares Finbow, John Robert 4 15/12/2014 10 2.5 50,000 400
BlackPearl Resources Inc. Common Shares Festival, John Larry 4, 5 16/12/2014 10 0.933 9,685,299 199,000
BlackPearl Resources Inc. Common Shares Festival, John Larry 4, 5 17/12/2014 10 0.95 9,710,299 25,000
Boardwalk Real Estate Investment Trust
Deferred Units (Convert to TU and/or cash)
Brimmell, Jonathan David 5 15/12/2014 30 61.14 9,829 -1,197
Boardwalk Real Estate Investment Trust
Trust Units Brimmell, Jonathan David 5 15/12/2014 30 61.14 8,148 1,197
Boardwalk Real Estate Investment Trust
Deferred Units (Convert to TU and/or cash)
Burns, Patrick Dean 5 15/12/2014 30 61.14 16,879 -1,550
Boardwalk Real Estate Investment Trust
Trust Units Burns, Patrick Dean 5 15/12/2014 30 61.14 5,431 1,550
Boardwalk Real Estate Investment Trust
Deferred Units (Convert to TU and/or cash)
Chidley, William Glenn 5 15/12/2014 30 61.14 23,533 -2,077
Boardwalk Real Estate Investment Trust
Trust Units Chidley, William Glenn 5 15/12/2014 30 61.14 17,633 2,077
Boardwalk Real Estate Investment Trust
Deferred Units (Convert to TU and/or cash)
DEWALD, James Richard 4 15/12/2014 30 61.14 6,284 -358
Boardwalk Real Estate Investment Trust
Trust Units DEWALD, James Richard 4 15/12/2014 30 61.14 14,950 358
Boardwalk Real Estate Investment Trust
Deferred Units (Convert to TU and/or cash)
Dingle, Ian Peter 5 15/12/2014 30 61.14 5,871 -669
Boardwalk Real Estate Investment Trust
Trust Units Dingle, Ian Peter 5 15/12/2014 30 61.14 2,657 669
Boardwalk Real Estate Investment Trust
Deferred Units (Convert to TU and/or cash)
GEREMIA, ROBERTO 5 15/12/2014 30 61.14 30,506 -2,709
Boardwalk Real Estate Investment Trust
Trust Units GEREMIA, ROBERTO 5 15/12/2014 30 61.14 147,134 2,709
Boardwalk Real Estate Investment Trust
Deferred Units (Convert to TU and/or cash)
Goodman, Gary Michael 4 15/12/2014 30 61.14 8,121 -510
Boardwalk Real Estate Investment Trust
Trust Units Goodman, Gary Michael 4 15/12/2014 30 61.14 7,676 510
Boardwalk Real Estate Investment Trust
Deferred Units (Convert to TU and/or cash)
Guyette, Michael 5 15/12/2014 30 61.14 8,375 -524
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11544
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Boardwalk Real Estate Investment Trust
Trust Units Guyette, Michael 5 15/12/2014 30 61.14 5,234 524
Boardwalk Real Estate Investment Trust
Trust Units Guyette, Michael 5 18/12/2014 10 62.105 5,434 200
Boardwalk Real Estate Investment Trust
Trust Units Guyette, Michael 5 19/12/2014 10 62.31 4,910 -524
Boardwalk Real Estate Investment Trust
Trust Units Guyette, Michael 5 03/05/2004 00 12
Boardwalk Real Estate Investment Trust
Deferred Units (Convert to TU and/or cash)
Havener, Jr., Arthur Lee 4 15/12/2014 30 61.14 9,032 -3,026
Boardwalk Real Estate Investment Trust
Trust Units Havener, Jr., Arthur Lee 4 15/12/2014 30 61.14 12,928 3,026
Boardwalk Real Estate Investment Trust
Deferred Units (Convert to TU and/or cash)
Mahajan, Kelly Kulwant 5 15/12/2014 30 61.14 4,951 -466
Boardwalk Real Estate Investment Trust
Trust Units Mahajan, Kelly Kulwant 5 15/12/2014 30 61.14 1,469 466
Boardwalk Real Estate Investment Trust
Deferred Units (Convert to TU and/or cash)
Mawani, Al 4 15/12/2014 30 61.14 7,251 -463
Boardwalk Real Estate Investment Trust
Trust Units Mawani, Al 4 15/12/2014 30 61.14 45,382 463
Boardwalk Real Estate Investment Trust
Deferred Units (Convert to TU and/or cash)
Mix, Helen May 5 15/12/2014 30 61.14 10,792 -1,155
Boardwalk Real Estate Investment Trust
Trust Units Mix, Helen May 5 15/12/2014 30 61.14 4,832 1,155
Boardwalk Real Estate Investment Trust
Deferred Units (Convert to TU and/or cash)
Russell, Lisa Maureen 5 15/12/2014 30 61.14 10,870 -1,228
Boardwalk Real Estate Investment Trust
Trust Units Russell, Lisa Maureen 5 15/12/2014 30 61.14 7,265 1,228
Boardwalk Real Estate Investment Trust
Deferred Units (Convert to TU and/or cash)
Wong, William 5 15/12/2014 30 61.14 17,758 -1,393
Boardwalk Real Estate Investment Trust
Trust Units Wong, William 5 15/12/2014 30 61.14 9,037 1,393
Boardwalk Real Estate Investment Trust
Deferred Units (Convert to TU and/or cash)
Zigomanis, William 5 15/12/2014 30 61.14 9,433 -901
Boardwalk Real Estate Investment Trust
Trust Units Zigomanis, William 5 15/12/2014 30 61.14 3,981 901
Bonavista Energy Corporation
Common Shares MacPhail, Keith A.J. 4, 5 18/12/2014 10 50000 5,263,341 50,000
Boomerang Oil, Inc. Common Shares Mondial Ventures Inc. 3 11/12/2014 46 46,815,000 -185,000
Boomerang Oil, Inc. Common Shares Purdy, Brendan 4 11/12/2014 46 33,775 25,000
Boomerang Oil, Inc. Common Shares Sylvanus, Joanne 5 01/04/2014 00
Boomerang Oil, Inc. Common Shares Sylvanus, Joanne 5 11/12/2014 46 10,000 10,000
Border Petroleum Limited (formerly Border Petroleum Corp.)
Common Shares Kroontje, Al 4 12/12/2014 10 0.02 6,515,000 134,000
BRAMPTON BRICK LIMITED
Subordinate Voting Shares - Class A
Bratty, Rudolph 4 18/12/2014 10 7.12 225,123 45,000
BRAMPTON BRICK LIMITED
Subordinate Voting Shares - Class A
Kerbel, Ruth Lorraine 3 01/01/1993 00 533,700
BRAMPTON BRICK LIMITED
Subordinate Voting Shares - Class A
Kerbel, Ruth Lorraine 3 18/12/2014 10 7.12 579,600 45,900
Brand Leaders Plus Income Fund
Units Brand Leaders Plus Income Fund
1 16/12/2014 38 3,900 3,900
Brand Leaders Plus Income Fund
Units Brand Leaders Plus Income Fund
1 16/12/2014 38 0 -3,900
Brick Brewing Co. Limited Common Shares Byrne, Sean Thomas 5 16/12/2014 10 1.05 57,900 2,900
Brick Brewing Co. Limited Common Shares Byrne, Sean Thomas 5 16/12/2014 10 1.06 59,000 1,100
BrightPath Early Learning Inc. (formerly Edleun Group, Inc.)
Common Shares BrightPath Early Learning Inc.
1 15/12/2014 38 0.3762 108,500 9,500
BrightPath Early Learning Inc. (formerly Edleun Group, Inc.)
Common Shares BrightPath Early Learning Inc.
1 16/12/2014 38 0.32 109,000 500
BrightPath Early Learning Inc. (formerly Edleun Group, Inc.)
Common Shares BrightPath Early Learning Inc.
1 17/12/2014 38 0.3737 119,000 10,000
Brisio Innovations Inc. Options MacEachern, Scott Andrew 5 07/03/2014 00
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11545
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Brisio Innovations Inc. Options MacEachern, Scott Andrew 5 12/12/2014 50 0.1 150,000 150,000
Brixton Metals Corporation Common Shares Thompson, Gary Robert 6 17/12/2014 10 0.105 574,584 10,000
Brixton Metals Corporation Common Shares Thompson, Gary Robert 6 18/12/2014 10 0.108 584,584 10,000
Brookfield Asset Management Inc.
Common Shares Class A Limited Voting
Myhal, George 5 05/12/2014 47 -70,000
Brookfield Asset Management Inc.
Common Shares Class A Limited Voting
Myhal, George 5 05/12/2014 47 1,942,009 -45,000
Brookfield Asset Management Inc.
Common Shares Class A Limited Voting
Myhal, George 5 15/12/2014 10 55.775 1,917,009 -25,000
Brookfield Canada Office Properties
Units Deferred Units Bastable, Colum Patrick 4 15/12/2014 56 9,785 109
Brookfield Canada Office Properties
Units Deferred Units Bastable, Colum Patrick 4 15/12/2014 56 10,308 523
Brookfield Canada Office Properties
Units Deferred Units Fraser, Roderick Douglas 4 15/12/2014 56 9,785 109
Brookfield Canada Office Properties
Units Deferred Units Fraser, Roderick Douglas 4 15/12/2014 56 10,308 523
Brookfield Canada Office Properties
Units Deferred Units McFarlane, Paul D. 4 15/12/2014 56 11,743 130
Brookfield Canada Office Properties
Units Deferred Units McFarlane, Paul D. 4 15/12/2014 56 12,371 628
Brookfield Canada Office Properties
Units Deferred Units Riddell Rose, Susan 4 15/12/2014 56 3,607 39
Brookfield Canada Office Properties
Units Deferred Units Riddell Rose, Susan 4 15/12/2014 56 4,130 523
Brookfield Property Partners L.P.
Limited Partnership Units Brookfield Asset Management Inc.
3 18/12/2014 11 236,542 -19
BRP Inc. Subordinate Voting Shares
Hanley, Michael 4 17/12/2014 10 23.25 43,862 3,000
BSM Technologies Inc. Deferred Share Units Bélanger, Pierre 4 25/09/2009 00
BSM Technologies Inc. Deferred Share Units Bélanger, Pierre 4 18/12/2014 97 10,000
BSM Technologies Inc. Deferred Share Units Bélanger, Pierre 4 18/12/2014 56 10,000 10,000
BSM Technologies Inc. Restricted Share Units De Jong, Louis Anthony 5 14/01/2014 00
BSM Technologies Inc. Restricted Share Units De Jong, Louis Anthony 5 18/12/2014 50 114,819 114,819
BSM Technologies Inc. Deferred Share Units Maw, Frank 4 10/06/2008 00
BSM Technologies Inc. Deferred Share Units Maw, Frank 4 19/12/2014 46 17,500 17,500
BSM Technologies Inc. Options Pinos, Stewart 5 01/10/2014 00
BSM Technologies Inc. Options Pinos, Stewart 5 18/12/2014 50 1.48 225,000 225,000
BSM Technologies Inc. Restricted Share Units Pinos, Stewart 5 01/10/2014 00
BSM Technologies Inc. Restricted Share Units Pinos, Stewart 5 18/12/2014 56 50,000 50,000
BSM Technologies Inc. Restricted Share Units Rahemtulla, Aly 4 23/01/2006 00
BSM Technologies Inc. Restricted Share Units Rahemtulla, Aly 4 18/12/2014 56 295,587 295,587
BSM Technologies Inc. Deferred Share Units Yach, David 4 22/10/2012 00
BSM Technologies Inc. Deferred Share Units Yach, David 4 18/12/2014 56 10,000 10,000
CAE Inc. Common Shares Bourque, Nathalie 5 18/12/2014 30 14.27 2,527 1,930
CAE Inc. Common Shares Bourque, Nathalie 5 18/12/2014 30 14.99 1,423 -1,104
CAE Inc. Common Shares Cormier, Bernard 5 17/12/2014 51 9.39 8,873 5,175
CAE Inc. Common Shares Cormier, Bernard 5 17/12/2014 10 14.97 7,273 -1,600
CAE Inc. Common Shares Cormier, Bernard 5 17/12/2014 10 14.96 5,198 -2,075
CAE Inc. Common Shares Cormier, Bernard 5 17/12/2014 10 14.95 3,698 -1,500
CAE Inc. Options Employee Stock Option Plan
Cormier, Bernard 5 17/12/2014 51 9.39 71,800 -5,175
Caledonia Mining Corporation
Common Shares LEARMONTH, John Mark 5 18/12/2014 10 0.36 194,230 27,500
Calfrac Well Services Ltd. Common Shares Leier, Chad Jeremy 5 18/12/2014 10 10 2,000 2,000
Calloway Real Estate Investment Trust
Deferred Units Sweeney, Peter Edmund 5 17/11/2014 00
Calloway Real Estate Investment Trust
Deferred Units Sweeney, Peter Edmund 5 09/12/2014 56 22,391 22,391
Cameco Corporation Common Shares Assie, George Bernard 5 16/12/2014 10 17.33 0 -100
Canaccord Genuity Group Inc.
Rights Deferred Share Units (DSUs)
Bralver, Charles Norman 4 10/12/2014 56 8.3135 23,779 283
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11546
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Canaccord Genuity Group Inc.
Common Shares Carello, Massimo 4 08/08/2008 00
Canaccord Genuity Group Inc.
Common Shares Carello, Massimo 4 16/12/2014 10 7.03 10,000 10,000
Canaccord Genuity Group Inc.
Rights Deferred Share Units (DSUs)
Carello, Massimo 4 10/12/2014 56 8.3135 13,106 156
Canaccord Genuity Group Inc.
Rights Deferred Share Units (DSUs)
Desai, Kalpana 4 10/12/2014 56 8.3135 369 4
Canaccord Genuity Group Inc.
Rights Deferred Share Units (DSUs)
Eeuwes, William J. 4 10/12/2014 56 8.3135 24,063 286
Canaccord Genuity Group Inc.
Rights Deferred Share Units (DSUs)
Harris, Michael Deane 4 10/12/2014 56 8.3135 52,925 629
Canaccord Genuity Group Inc.
Rights Deferred Share Units (DSUs)
Lyons, Terrence 4 10/12/2014 56 8.3135 28,512 339
Canaccord Genuity Group Inc.
Common Shares Marinoff, Christina 7 22/09/2014 00
Canaccord Genuity Group Inc.
Common Shares Marinoff, Christina 7 15/12/2014 30 6.97 861 861
Canaccord Genuity Group Inc.
Common Shares Saunders, Graham Edward 7 15/12/2014 10 6.745 326,828 -100,000
Canaccord Genuity Group Inc.
Rights Deferred Share Units (DSUs)
Shah, Dipesh Jayantilal 4 10/12/2014 56 8.3135 12,997 154
Canaco Resources Inc. Common Shares Jackson, Lawrence Simon 5 04/04/2013 00
Canaco Resources Inc. Common Shares Jackson, Lawrence Simon 5 19/12/2014 00 515,341
Canaco Resources Inc. Common Shares Stuart, Hugh David 4, 5 08/04/2013 00
Canaco Resources Inc. Common Shares Stuart, Hugh David 4, 5 19/12/2014 00 790,098
Canadian Apartment Properties Real Estate Investment Trust
Trust Units Schwartz, Thomas 4, 5 17/11/2014 30 23.886 414,496 135
Canadian Apartment Properties Real Estate Investment Trust
Trust Units Schwartz, Thomas 4, 5 17/11/2014 30 23.886 415,105 609
Canadian Apartment Properties Real Estate Investment Trust
Trust Units Schwartz, Thomas 4, 5 17/11/2014 30 23.886 72,356 296
Canadian Apartment Properties Real Estate Investment Trust
Trust Units Schwartz, Thomas 4, 5 17/11/2014 30 23.886 300,107 1,230
Canadian Apartment Properties Real Estate Investment Trust
Trust Units Schwartz, Thomas 4, 5 17/11/2014 30 23.886 326,885 1,340
Canadian Apartment Properties Real Estate Investment Trust
Trust Units Schwartz, Thomas 4, 5 17/11/2014 30 23.886 326,484 1,320
Canadian Apartment Properties Real Estate Investment Trust
Trust Units Schwartz, Thomas 4, 5 17/11/2014 30 23.886 326,501 17
Canadian Imperial Venture Corp
Options Byrne, Jerome Patrick 4 14/12/2014 52 150,000 -160,000
Canadian Imperial Venture Corp
Options Edwards, Gerard 4, 5 14/12/2014 52 255,000 -330,000
Canadian Imperial Venture Corp
Options Ricketts, Tina 5 14/12/2014 52 255,000 -130,000
Canadian National Railway Company
Common Shares Cory, Michael A 5 15/12/2014 51 14.593 16,836 3,000
Canadian National Railway Company
Common Shares Cory, Michael A 5 15/12/2014 10 74.429 15,652 -1,184
Canadian National Railway Company
Options Cory, Michael A 5 15/12/2014 51 14.593 116,704 -3,000
Canadian Natural Resources Limited
Options Cusson, Réal, Michel 5 10/12/2014 50 524,000 62,500
Canadian Natural Resources Limited
Common Shares Fichter, Darren 5 16/12/2014 10 33.49 27,446 -2,000
Canadian Natural Resources Limited
Common Shares Laing, Ronald Keith 5 12/12/2014 10 34.45 10,931 -763
Canadian Natural Resources Limited
Common Shares Laing, Ronald Keith 5 15/12/2014 10 33.55 9,663 -1,268
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11547
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Canadian Oil Sands Limited Common Shares Birkby, Philip 5 31/12/2010 00
Canadian Oil Sands Limited Common Shares Birkby, Philip 5 18/12/2014 10 10.61 5,500 5,500
Canadian Oil Sands Limited Common Shares Bourne, Ian Alexander 4 15/12/2014 10 9.0124 28,518 2,199
Canadian Oil Sands Limited Deferred Share Units Grandey, Gerald Wayne 4 15/12/2014 56 27,010 3,345
Canadian Oil Sands Limited Common Shares Hardy, Darren 5 16/12/2014 10 9.22 11,028 900
Canadian Oil Sands Limited Common Shares Hardy, Darren 5 16/12/2014 10 9.223 13,028 2,000
Canadian Oil Sands Limited Common Shares Hardy, Darren 5 16/12/2014 10 9.21 13,128 100
Canadian Oil Sands Limited Deferred Share Units Korpach, Arthur Neil 4 15/12/2014 56 12,631 3,345
Canadian Oil Sands Limited Common Shares LOWRY, Donald James 4 15/12/2014 10 9.0124 38,050 3,578
Canadian Oil Sands Limited Common Shares Nickerson, Adrienne 5 15/12/2014 10 8.585 2,000 700
Canadian Oil Sands Limited Common Shares Raiss, Sarah 4 15/12/2014 10 9.0124 14,898 1,730
Canadian Oil Sands Limited Deferred Share Units Read, John K. 4 15/12/2014 56 28,810 3,345
Canadian Oil Sands Limited Deferred Share Units Sangster, Brant G. 4 15/12/2014 56 22,331 3,345
Canadian Oil Sands Limited Common Shares Shultz, C.E. (Chuck) 4 15/12/2014 10 9.0124 39,980 1,730
Canadian Oil Sands Limited Common Shares Sirrs, David 5 12/12/2014 10 9.038 8,300 1,650
Canadian Oil Sands Limited Common Shares Twiss, Wesley R. 4 15/12/2014 10 9.0124 56,608 2,052
Canadian Oil Sands Limited Deferred Share Units Zaozirny, John Brian 4 15/12/2014 56 28,810 3,345
Canadian Pacific Railway Limited
Common Shares Laing, Brent Lyle 5 12/12/2014 51 71.69 2,000 2,000
Canadian Pacific Railway Limited
Common Shares Laing, Brent Lyle 5 12/12/2014 10 206 0 -2,000
Canadian Pacific Railway Limited
Options Laing, Brent Lyle 5 12/12/2014 51 71.69 16,959 -2,000
Canadian Real Estate Investment Trust
Units Real Estate Investment Trust Units
Brough, John A. 4 12/12/2014 10 44.896 6,669 660
Canadian Spirit Resources Inc.
Common Shares Couillard, John Raymond Richard
4, 5 16/12/2014 54 0.5 440,850 16,600
Canadian Spirit Resources Inc.
Options Couillard, John Raymond Richard
4, 5 19/12/2014 50 2,015,000 428,000
Canadian Spirit Resources Inc.
Warrants Couillard, John Raymond Richard
4, 5 16/12/2014 54 100,000 -16,600
Canadian Spirit Resources Inc.
Common Shares Elmag Investments inc. 3 17/12/2014 10 0.2475 33,702,500 401,000
Canadian Spirit Resources Inc.
Common Shares Elmag Investments inc. 3 17/12/2014 10 0.2956 34,118,500 416,000
Canadian Spirit Resources Inc.
Common Shares Elmag Investments inc. 3 18/12/2014 10 0.247 34,202,500 84,000
Canadian Spirit Resources Inc.
Common Shares Elmag Investments inc. 3 19/12/2014 10 0.2232 34,411,500 209,000
Canadian Spirit Resources Inc.
Options Gardner, Donald Ross 4 19/12/2014 50 825,000 100,000
Canadian Spirit Resources Inc.
Options HILL, DEAN GORDON 5 19/12/2014 50 300,000
Canadian Spirit Resources Inc.
Options HILL, DEAN GORDON 5 19/12/2014 50 1,035,000 300,000
Canadian Spirit Resources Inc.
Options IANNICELLI, JOSEPH 4 19/12/2014 50 100,000
Canadian Spirit Resources Inc.
Options IANNICELLI, JOSEPH 4 19/12/2014 50 400,000 100,000
Canadian Spirit Resources Inc.
Options Smolarchuk, Paul Arnold 5 19/12/2014 50 300,000
Canadian Spirit Resources Inc.
Options Smolarchuk, Paul Arnold 5 19/12/2014 50 1,030,000 300,000
Canadian Spirit Resources Inc.
Options Sorensen, Alfred 4 19/12/2014 50 1,825,000 100,000
Canadian Spirit Resources Inc.
Warrants Sorensen, Alfred 4 20/12/2014 55 0 -407,499
Canadian Western Bank Rights Deferred Share Units
Bellstedt, Albrecht Wilhelm Albert
4 15/12/2014 56 30.504 6,638 327
Canadian Western Bank Rights Deferred Share Units
Bibby, Andrew John 4 15/12/2014 56 30.504 2,443 327
Canadian Western Bank Common Shares Gilpin, Richard Roy 5 18/12/2014 30 7,278 112
Canadian Western Bank Options Gilpin, Richard Roy 5 13/06/2014 50 51,594 11,528
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11548
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Canadian Western Bank Rights Performance Share Units
Gilpin, Richard Roy 5 12/12/2014 56 2,975 2,107
Canadian Western Bank Rights Restricted Share Units
Gilpin, Richard Roy 5 10/06/2014 59 6,639 -1,026
Canadian Western Bank Rights Restricted Share Units
Gilpin, Richard Roy 5 13/06/2014 56 7,373 734
Canadian Western Bank Rights Restricted Share Units
Gilpin, Richard Roy 5 13/06/2014 56 8,107 734
Canadian Western Bank Rights Restricted Share Units
Gilpin, Richard Roy 5 13/06/2014 56 8,841 734
Canadian Western Bank Rights Restricted Share Units
Gilpin, Richard Roy 5 14/06/2014 59 7,608 -1,233
Canadian Western Bank Rights Restricted Share Units
Gilpin, Richard Roy 5 15/06/2014 59 6,353 -1,255
Canadian Western Bank Rights Restricted Share Units
Gilpin, Richard Roy 5 12/12/2014 56 7,233 880
Canadian Western Bank Rights Deferred Share Units
Hohol, Linda Margaret Owerri
4 15/12/2014 56 30.504 4,561 327
Canadian Western Bank Rights Deferred Share Units
Jackson, Allan William 4 15/12/2014 56 30.504 24,068 1,475
Canadian Western Bank Rights Deferred Share Units
Leaney, Wendy Ann 4 15/12/2014 56 30.504 6,638 327
Canadian Western Bank Rights Deferred Share Units
Manning, Robert Adrian 4 15/12/2014 56 30.504 9,205 439
Canadian Western Bank Rights Deferred Share Units
Morgan-Silvester, Sarah Alyson
4 15/12/2014 56 30.504 830 327
Canadian Western Bank Rights Deferred Share Units
Pechet, Howard E. 4 15/12/2014 56 30.504 6,638 327
Canadian Western Bank Rights Deferred Share Units
Phillips, Robert L. 4 15/12/2014 56 30.504 6,638 327
Canadian Western Bank Rights Deferred Share Units
Protti, Raymond Joseph 4 15/12/2014 56 30.504 6,638 327
Canadian Western Bank Common Shares Pundyk, Thomas Edward 7 18/12/2014 47 94,747 -575
Canadian Western Bank Rights Deferred Share Units
Reid, Ian MacNevin 4 15/12/2014 56 30.504 9,762 655
Canadian Western Bank Rights Deferred Share Units
Riley, Sanford 4 15/12/2014 56 30.504 8,930 327
Canadian Western Bank Rights Deferred Share Units
Rowe, Alan Macdonald 4 15/12/2014 56 30.504 13,298 655
Canadian Western Bank Common Shares Weiss, Scott 5 18/12/2014 10 32.898 942 500
Canadian Western Bank Common Shares Weiss, Scott 5 18/12/2014 10 32.91 1,142 200
Canadian Western Bank Common Shares Weiss, Scott 5 18/12/2014 10 32.9 1,342 200
CANADIAN ZINC CORPORATION
Common Shares Nickerson, Dave 4 15/12/2014 10 0.175 130,000 20,000
CanAlaska Uranium Ltd. Options Dasler, Peter George 5 15/12/2014 50 0.135 800,000 90,000
Canexus Corporation Common Shares McLellan, Richard Thomas 5 10/12/2014 30 3.27 440 440
Canexus Corporation Common Shares McLellan, Richard Thomas 5 10/12/2014 10 2.85 0 -440
Canfor Pulp Products Inc. Common Shares Clark, Glen David 4 11/12/2014 10 14.6 0 -1,000
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 15/12/2014 10 3.11 1,786,300 2,200
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 15/12/2014 10 3.15 1,786,400 100
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 18/12/2014 10 3.14 1,786,800 400
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 18/12/2014 10 3.15 1,787,500 700
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11549
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Canso Credit Income Fund Exposure to Issuer through Canso Hurricane Fund
Carswell, John Paul 7 12/12/2014 70 4.5299 669,068 44,151
Canstar Resources Inc. Options Deluce, William 4 11/12/2014 50 0.05 583,333 300,000
Canstar Resources Inc. Options Hurley, John Ernest 4 11/12/2014 50 0.05 1,100,000 400,000
Canstar Resources Inc. Options Oosterman, Danniel 5 11/12/2014 50 0.05 1,250,000 750,000
Canstar Resources Inc. Options Palmer, David Alexander Stephen
4 11/12/2014 50 0.05 600,000 300,000
Canstar Resources Inc. Options Peterson, Dennis 4, 5 11/12/2014 50 0.05 600,000 300,000
Canstar Resources Inc. Options Reid, Thomas Patrick 4 11/12/2014 50 0.05 733,333 300,000
CanWel Building Materials Group Ltd. (formerly, Canwel Holdings Corporation)
Common Shares Doman, Amardeip Singh 4 12/12/2014 10 5.78 8,701,054 8,700
CanWel Building Materials Group Ltd. (formerly, Canwel Holdings Corporation)
Common Shares Melone, Martin 4 16/12/2014 99 16,987 -3,542
CanWel Building Materials Group Ltd. (formerly, Canwel Holdings Corporation)
Common Shares Melone, Martin 4 16/12/2014 57 5.78 3,082
CanWel Building Materials Group Ltd. (formerly, Canwel Holdings Corporation)
Common Shares Melone, Martin 4 16/12/2014 57 5.78 3,028 3,028
CanWel Building Materials Group Ltd. (formerly, Canwel Holdings Corporation)
Common Shares Melone, Martin 4 16/12/2014 99 6,570 3,542
CanWel Building Materials Group Ltd. (formerly, Canwel Holdings Corporation)
Restricted Equity Common Share Units
Melone, Martin 4 16/12/2014 56 3,082
CanWel Building Materials Group Ltd. (formerly, Canwel Holdings Corporation)
Restricted Equity Common Share Units
Melone, Martin 4 16/12/2014 56 3,028 3,028
CanWel Building Materials Group Ltd. (formerly, Canwel Holdings Corporation)
Restricted Equity Common Share Units
Melone, Martin 4 16/12/2014 57 0 -3,028
Canyon Services Group Inc. Common Shares Balyasny Asset Management
3 15/12/2014 00 2,197,683
Capital Alliance Group Inc. Options Chu, Toby 4, 5 02/06/2006 51 0.25 -115,000
Capital Alliance Group Inc. Options Chu, Toby 4, 5 02/06/2006 99 0 -605,000
Cardiome Pharma Corp. Options Archibald, Jennifer 5 14/12/2014 52 30.45 90,960 -360
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Bothwell, John Bryan 4 15/12/2014 30 10.76 8,615 128
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Ebanks, Sheree 4 15/12/2014 30 10.76 1,051 6
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Ebanks, Sheree 4 15/12/2014 30 10.76 673 7
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Ebanks, Sheree 4 15/12/2014 30 10.76 419 4
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Hew, J.F. Richard 4, 5 15/12/2014 30 10.76 4,380 65
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Hew, J.F. Richard 4, 5 15/12/2014 30 10.76 17,177 255
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Powell, Eddinton M. 4 15/12/2014 30 10.76 728 10
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Small, Andrew 5 11/12/2014 51 9.66 3,440 2,300
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Small, Andrew 5 11/12/2014 11 10.8 1,140 -2,300
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Small, Andrew 5 12/12/2014 51 9.66 6,840 5,700
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Small, Andrew 5 12/12/2014 11 10.66 1,140 -5,700
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Small, Andrew 5 15/12/2014 30 10.76 1,155 15
Caribbean Utilities Company, Ltd.
Options Small, Andrew 5 11/12/2014 51 9.66 13,700 -2,300
Caribbean Utilities Company, Ltd.
Options Small, Andrew 5 12/12/2014 51 9.66 8,000 -5,700
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11550
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Thomson, Peter A. 4 15/12/2014 30 10.76 3,301 49
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Thomson, Peter A. 4 15/12/2014 30 10.76 2,657 39
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Thomson, Peter A. 4 15/12/2014 30 10.76 4,113 60
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Thomson, Peter A. 4 15/12/2014 30 10.76 4,338 64
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Watler, David 5 15/12/2014 30 10.76 4,771 83
Caribbean Utilities Company, Ltd.
Common Shares Class A Ordinary Shares
Watler, David 5 15/12/2014 30 10.76 415 6
Carmanah Technologies Corporation
Common Shares Williams, Stuart 5 14/08/2014 37 900 -8,100
Carmanah Technologies Corporation
Options Williams, Stuart 5 15/04/2014 51 2.5 88,200 72,200
Carmanah Technologies Corporation
Options Williams, Stuart 5 14/08/2014 37 2.9 79,200 -9,000
Carmanah Technologies Corporation
Options Williams, Stuart 5 14/08/2014 37 5.3 73,800 -5,400
Cascades Inc. Common Shares Fernet, Maryse 5 15/12/2014 51 2.28 23,548 9,174
Cascades Inc. Common Shares Fernet, Maryse 5 15/12/2014 10 6.75 14,374 -9,174
Cascades Inc. Options options d'achat d'actions ordinaires
Fernet, Maryse 5 15/12/2014 51 2.28 140,961 -9,174
Cascades Inc. Common Shares Lemaire, Laurent 3, 4 12/12/2014 10 6.63 104,355 593
Cascades Inc. Common Shares Lemaire, Laurent 3, 4 15/12/2014 10 6.68 12,360,874 3,600
Cascades Inc. Common Shares Lemaire, Laurent 3, 4 15/12/2014 10 6.71 12,361,174 300
Cascades Inc. Common Shares Lemaire, Laurent 3, 4 15/12/2014 10 6.72 12,362,296 1,122
Cascadia Consumer Electronics Corp.
Options Zhang, Yan 4 01/06/2014 00
Cascadia Consumer Electronics Corp.
Options Zhang, Yan 4 01/06/2014 00
Cascadia Consumer Electronics Corp.
Options Zhang, Yan 4 08/12/2014 00
Cascadia Consumer Electronics Corp.
Options Zhang, Yan 4 08/12/2014 00
Cascadia Consumer Electronics Corp.
Options Zhang, Yan 4 08/12/2014 00 100,000
Catamaran Corporation (formerly SXC Health Solutions Corp.)
Common Shares Holden, Betsy 4 12/12/2014 97 49.1 2,557 469
Catamaran Corporation (formerly SXC Health Solutions Corp.)
Restricted stock units Holden, Betsy 4 12/12/2014 97 49.1 5,832 -469
Catamaran Corporation (formerly SXC Health Solutions Corp.)
Common Shares Katen, Karen L. 4 12/12/2014 97 49.1 4,557 469
Catamaran Corporation (formerly SXC Health Solutions Corp.)
Restricted stock units Katen, Karen L. 4 12/12/2014 97 49.1 5,832 -469
Cathedral Energy Services Ltd.
Common Shares MAXWELL, RODERICK DONALD
4 17/12/2014 10 2.5 157,700 7,000
CCL Industries Inc. Non-Voting Shares Class B
1281228 Ontario Inc. 3 19/12/2014 10 122.85 2,994,007 -5,993
CCL Industries Inc. Non-Voting Shares Class B
1281228 Ontario Inc. 3 19/12/2014 10 123.75 2,989,207 -4,800
CCL Industries Inc. Non-Voting Shares Class B
1281228 Ontario Inc. 3 19/12/2014 10 124 2,985,107 -4,100
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 51 28.5 30,286 6,250
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122 29,886 -400
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.01 29,236 -650
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.02 29,036 -200
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11551
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.04 28,936 -100
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.06 28,836 -100
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.07 28,736 -100
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.21 28,536 -200
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.22 27,736 -800
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.23 27,636 -100
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.25 27,436 -200
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.28 27,336 -100
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.3 26,336 -1,000
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.5 26,036 -300
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.6 25,736 -300
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.63 25,536 -200
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.64 25,136 -400
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.65 24,536 -600
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.66 24,436 -100
CCL Industries Inc. Non-Voting Shares Class B
Birkner, Gunther Johann 7 18/12/2014 10 122.88 24,036 -400
CCL Industries Inc. Options Birkner, Gunther Johann 7 18/12/2014 51 28.5 56,250 -6,250
Ceiba Energy Services Inc. Common Shares Lane, Philip Richard 5 17/12/2014 10 0.42 588,430 10,000
Ceiba Energy Services Inc. Common Shares Simister, Ian Harvey 4, 5 12/12/2014 10 0.4 579,667 7,500
Ceiba Energy Services Inc. Common Shares Simister, Ian Harvey 4, 5 15/12/2014 10 0.4 629,667 50,000
Ceiba Energy Services Inc. Common Shares Simister, Ian Harvey 4, 5 16/12/2014 10 0.4 662,167 32,500
Ceiba Energy Services Inc. Common Shares Simister, Ian Harvey 4, 5 17/12/2014 10 0.4 667,667 5,500
Ceiba Energy Services Inc. Common Shares Simister, Ian Harvey 4, 5 18/12/2014 10 0.46 689,667 22,000
Ceiba Energy Services Inc. Common Shares Simister, Ian Harvey 4, 5 19/12/2014 10 0.4968 792,167 102,500
Celestica Inc. Options Andrade, Mike 5 09/12/2014 52 18 214,103 -18,000
Celestica Inc. Subordinate Voting Shares
Andrade, Mike 5 30/05/2013 10 9.28 69,105 -6,000
Celestica Inc. Options DelBianco, Elizabeth 5 09/12/2014 52 18 212,456 -11,300
Celestica Inc. Options McIntosh, Glen 7 09/12/2014 52 18 102,103 -3,300
Cenovus Energy Inc. Common Shares Ferguson, Brian Charles 4, 5 17/12/2014 10 20.134 120,388 15,000
Cenovus Energy Inc. Common Shares Hinton, Thomas George 5 15/12/2014 10 19.92 7,351 300
Cenovus Energy Inc. Common Shares Hinton, Thomas George 5 15/12/2014 10 19.93 8,451 1,100
Cenovus Energy Inc. Common Shares Hinton, Thomas George 5 15/12/2014 10 19.94 10,051 1,600
Centerra Gold Inc. Common Shares Pressler, Sheryl 4 15/12/2014 57 5.48 16,625 2,113
Centerra Gold Inc. Rights Restricted Share Units
Pressler, Sheryl 4 15/12/2014 57 5.48 -4,225
Centerra Gold Inc. Rights Restricted Share Units
Pressler, Sheryl 4 15/12/2014 57 5.48 2,113 -2,112
Centerra Gold Inc. Rights Restricted Share Units
Pressler, Sheryl 4 15/12/2014 59 5.48 0 -2,113
Centric Health Corporation (formerly Alegro Health Corp.)
Common Shares Smith, Meghan 5 17/11/2014 00
Centric Health Corporation (formerly Alegro Health Corp.)
Common Shares Smith, Meghan 5 11/12/2014 10 0.33 2,500 2,500
Centric Health Corporation (formerly Alegro Health Corp.)
Common Shares Smith, Meghan 5 12/12/2014 10 0.3591 62,000 59,500
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11552
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Century Iron Mines Corporation
Common Shares Chim, Sandy Chun Kwan 4, 6, 7, 5 12/12/2014 10 0.3644 551,400 42,000
Century Iron Mines Corporation
Common Shares Chim, Sandy Chun Kwan 4, 6, 7, 5 15/12/2014 10 0.34 552,400 1,000
Century Iron Mines Corporation
Common Shares Chim, Sandy Chun Kwan 4, 6, 7, 5 16/12/2014 10 0.28 552,900 500
Century Iron Mines Corporation
Common Shares Chim, Sandy Chun Kwan 4, 6, 7, 5 17/12/2014 10 0.261 562,900 10,000
Century Iron Mines Corporation
Common Shares Leshchyshen, Bob 5 12/12/2014 10 0.34 2,600 1,300
Century Iron Mines Corporation
Common Shares Leshchyshen, Bob 5 18/12/2014 10 0.26 12,100 9,500
CERF Incorporated Common Shares Wong, Derrek Ronald 5 15/12/2014 10 1.65 12,000 1,000
Cervus Equipment Corporation
Common Shares Lekatsas, Angela S. 4 16/12/2014 10 18.8 3,200 1,000
CGI Group Inc. Options Henderson, Dave 5 16/12/2014 51 9.31 88,802 -1,625
CGI Group Inc. Options Henderson, Dave 5 16/12/2014 51 12.54 80,677 -8,125
CGI Group Inc. Options Henderson, Dave 5 17/12/2014 51 15.49 74,177 -6,500
CGI Group Inc. Subordinate Voting Shares Classe A
Henderson, Dave 5 01/03/2013 00
CGI Group Inc. Subordinate Voting Shares Classe A
Henderson, Dave 5 16/12/2014 51 9.31 1,625 1,625
CGI Group Inc. Subordinate Voting Shares Classe A
Henderson, Dave 5 16/12/2014 51 12.54 9,750 8,125
CGI Group Inc. Subordinate Voting Shares Classe A
Henderson, Dave 5 16/12/2014 10 41 0 -9,750
CGI Group Inc. Subordinate Voting Shares Classe A
Henderson, Dave 5 17/12/2014 51 15.49 6,500 6,500
CGI Group Inc. Subordinate Voting Shares Classe A
Henderson, Dave 5 17/12/2014 10 42.1 0 -6,500
CGI Group Inc. Options Jaques, John 5 16/12/2014 51 24.29 21,272 -3,692
CGI Group Inc. Options Jaques, John 5 16/12/2014 51 37.11 19,674 -1,598
CGI Group Inc. Subordinate Voting Shares Classe A
Jaques, John 5 15/04/2014 00
CGI Group Inc. Subordinate Voting Shares Classe A
Jaques, John 5 16/12/2014 51 24.29 3,692 3,692
CGI Group Inc. Subordinate Voting Shares Classe A
Jaques, John 5 16/12/2014 51 37.11 5,290 1,598
CGI Group Inc. Subordinate Voting Shares Classe A
Jaques, John 5 16/12/2014 10 40.267 0 -5,290
CGI Group Inc. Options Maglis, Eva 5 08/12/2014 51 -78,125
CGI Group Inc. Options Maglis, Eva 5 08/12/2014 51 -78,125
CGI Group Inc. Options Maglis, Eva 5 08/12/2014 51 -93,750
CGI Group Inc. Options Maglis, Eva 5 08/12/2014 51 -93,750
CGI Group Inc. Options Maglis, Eva 5 15/12/2014 51 12.54 249,623 -78,125
CGI Group Inc. Options Maglis, Eva 5 15/12/2014 51 15.49 155,873 -93,750
CGI Group Inc. Subordinate Voting Shares Classe A
Maglis, Eva 5 08/12/2014 51 78,125
CGI Group Inc. Subordinate Voting Shares Classe A
Maglis, Eva 5 08/12/2014 51 78,125
CGI Group Inc. Subordinate Voting Shares Classe A
Maglis, Eva 5 08/12/2014 10 34.92 -78,125
CGI Group Inc. Subordinate Voting Shares Classe A
Maglis, Eva 5 08/12/2014 10 34.92 -78,125
CGI Group Inc. Subordinate Voting Shares Classe A
Maglis, Eva 5 08/12/2014 51 93,750
CGI Group Inc. Subordinate Voting Shares Classe A
Maglis, Eva 5 08/12/2014 51 93,750
CGI Group Inc. Subordinate Voting Shares Classe A
Maglis, Eva 5 08/12/2014 10 34.92 -93,750
CGI Group Inc. Subordinate Voting Shares Classe A
Maglis, Eva 5 08/12/2014 10 34.92 -93,750
CGI Group Inc. Subordinate Voting Shares Classe A
Maglis, Eva 5 15/12/2014 51 12.54 78,125 78,125
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11553
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
CGI Group Inc. Subordinate Voting Shares Classe A
Maglis, Eva 5 15/12/2014 51 15.49 171,875 93,750
CGI Group Inc. Subordinate Voting Shares Classe A
Maglis, Eva 5 15/12/2014 10 40.232 0 -171,875
Champion Bear Resources Ltd.
Common Shares Kantor, Richard Derrick 3, 4, 5 12/12/2014 11 0.11 1,077,966 -375,242
Champion Iron Limited Common Shares Ordinary Shares (as per Australian securities law)
Cataford, David 5 12/12/2014 10 0.14 164,142 14,142
Champion Iron Limited Common Shares Ordinary Shares (as per Australian securities law)
Cataford, David 5 12/12/2014 10 0.135 218,142 54,000
Champion Iron Limited Common Shares Ordinary Shares (as per Australian securities law)
Cataford, David 5 15/12/2014 10 0.14 264,142 46,000
Champion Iron Limited Common Shares Ordinary Shares (as per Australian securities law)
Cataford, David 5 16/12/2014 10 0.14 386,642 122,500
Champion Iron Limited Common Shares Ordinary Shares (as per Australian securities law)
Cataford, David 5 17/12/2014 10 0.14 411,413 24,771
Champion Iron Limited Common Shares Ordinary Shares (as per Australian securities law)
Cataford, David 5 31/10/2014 00
Champion Iron Limited Common Shares Ordinary Shares (as per Australian securities law)
Cataford, David 5 12/12/2014 10 0.14 214,285 214,285
Champion Iron Limited Common Shares Ordinary Shares (as per Australian securities law)
O'Keeffe, William Michael 4 16/12/2014 10 0.15 5,546,930 100,000
Champion Iron Limited Common Shares Ordinary Shares (as per Australian securities law)
O'Keeffe, William Michael 4 16/12/2014 10 0.15 55,000
Champion Iron Limited Common Shares Ordinary Shares (as per Australian securities law)
O'Keeffe, William Michael 4 16/12/2014 10 0.15 5,601,930 55,000
Champion Iron Limited Common Shares Ordinary Shares (as per Australian securities law)
O'Keeffe, William Michael 4 16/12/2014 10 0.15 6,101,930 500,000
Chartwell Retirement Residences
Rights Restricted Trust Units
Binions, W. Brent 4, 5 15/12/2014 59 11.671 51,259 -21,497
Chartwell Retirement Residences
Rights Restricted Trust Units
Boulakia, Jonathan 5 15/12/2014 59 11.671 15,717 -6,614
Chartwell Retirement Residences
Rights Restricted Trust Units
Chateauvert, Sheri Lynn 5 15/12/2014 59 11.671 16,844 -6,890
Chartwell Retirement Residences
Trust Units Schwartz, Thomas 4 17/11/2014 30 11.312 21,653 36
Chartwell Retirement Residences
Trust Units Schwartz, Thomas 4 17/11/2014 30 11.312 4,762 18
Chartwell Retirement Residences
Rights Restricted Trust Units
Sullivan, Karen Leslie 5 15/12/2014 59 11.671 21,786 -6,614
Chartwell Retirement Residences
Rights Restricted Trust Units
Volodarski, Vlad 5 15/12/2014 59 11.671 23,245 -10,079
Chemtrade Logistics Income Fund
Trust Units Davis, Mark 5 16/12/2014 10 19.81 4,400 1,500
ChroMedX Corp. (formerly, Monarch Energy Limited)
Common Shares Invidx Corp. 3 15/12/2014 11 20,474,552 5,474,452
CIBT Education Group Inc. Options Chu, Toby 4, 5 12/12/2014 97 300,000 -85,000
CIBT Education Group Inc. Options Chu, Toby 4, 5 12/12/2014 99 0.24 440,000 -180,000
Cineplex Inc. Common Shares Briant, Heather 5 17/12/2014 47 44.04 -227
Cineplex Inc. Common Shares Briant, Heather 5 17/12/2014 47 44.04 -227
Cineplex Inc. Common Shares Briant, Heather 5 17/12/2014 47 44.04 877 -227
Cineplex Inc. Options Jacob, Ellis 5 15/12/2014 59 44.63 930,907 -25,000
Cineplex Inc. Deferred Share Units Nelson, Gordon 5 15/12/2014 57 43.47 7,489 -3,986
Cineplex Inc. Options Nelson, Gordon 5 18/12/2014 59 45.72 81,819 -13,413
Cipher Pharmaceuticals Inc. Common Shares Aigner, Stefan 4 15/12/2014 30 13.56 43,261 133
Cipher Pharmaceuticals Inc. Common Shares Chypyha, Joan 5 15/12/2014 30 13.56 152 59
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11554
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Cipher Pharmaceuticals Inc. Common Shares Claypool, William 4 15/12/2014 30 13.56 133,019 133
Cipher Pharmaceuticals Inc. Common Shares Evans, Norman Charles 5 15/12/2014 30 13.56 34,380 59
Cipher Pharmaceuticals Inc. Common Shares McDole, Gerald P. 4 15/12/2014 30 13.56 49,876 118
Cipher Pharmaceuticals Inc. Common Shares O'Brien, Shawn Patrick 5 15/12/2014 30 13.56 10,940 5,227
Cipher Pharmaceuticals Inc. Common Shares Wellner, Thomas Gordon 4 15/12/2014 30 13.56 1,098 59
Cipher Pharmaceuticals Inc. Common Shares Wiseman, Stephen R. 4 15/12/2014 30 13.56 426 177
Claude Resources Inc. Common Shares Hicks, Ronald J. 4 19/12/2014 10 0.285 126,927 47,000
Clearwater Seafoods Incorporated
Deferred Share Units Dickson, James Malcolm 4 15/12/2014 56 7.643 20,821 1,706
Clearwater Seafoods Incorporated
Deferred Share Units Dickson, James Malcolm 4 15/12/2014 56 8.2 20,826 5
Clearwater Seafoods Incorporated
Deferred Share Units Dickson, James Malcolm 4 15/12/2014 56 8.446 22,183 1,357
Clearwater Seafoods Incorporated
Deferred Share Units Dickson, James Malcolm 4 15/12/2014 56 10.124 22,238 55
Clearwater Seafoods Incorporated
Deferred Share Units Dickson, James Malcolm 4 15/12/2014 56 10.124 25,078 2,840
Clearwater Seafoods Incorporated
Deferred Share Units Giles, Harold 4 15/12/2014 56 7.643 25,107 1,192
Clearwater Seafoods Incorporated
Deferred Share Units Giles, Harold 4 15/12/2014 56 8.2 25,111 4
Clearwater Seafoods Incorporated
Deferred Share Units Giles, Harold 4 15/12/2014 56 8.446 26,282 1,171
Clearwater Seafoods Incorporated
Deferred Share Units Giles, Harold 4 15/12/2014 56 10.124 26,347 65
Clearwater Seafoods Incorporated
Deferred Share Units Giles, Harold 4 15/12/2014 56 10.124 29,409 3,062
Clearwater Seafoods Incorporated
Deferred Share Units Hood, Richard Lawrence Gillis
4 15/12/2014 56 7.643 3,432 1,270
Clearwater Seafoods Incorporated
Deferred Share Units Hood, Richard Lawrence Gillis
4 15/12/2014 56 8.2 3,436 4
Clearwater Seafoods Incorporated
Deferred Share Units Hood, Richard Lawrence Gillis
4 15/12/2014 56 8.446 4,743 1,307
Clearwater Seafoods Incorporated
Deferred Share Units Hood, Richard Lawrence Gillis
4 15/12/2014 56 10.124 4,755 12
Clearwater Seafoods Incorporated
Deferred Share Units Hood, Richard Lawrence Gillis
4 15/12/2014 56 10.124 6,422 1,667
Clearwater Seafoods Incorporated
Deferred Share Units Paddick, Brendan John 4 15/12/2014 56 7.643 23,556 1,374
Clearwater Seafoods Incorporated
Deferred Share Units Paddick, Brendan John 4 15/12/2014 56 8.2 23,560 4
Clearwater Seafoods Incorporated
Deferred Share Units Paddick, Brendan John 4 15/12/2014 56 8.446 24,626 1,066
Clearwater Seafoods Incorporated
Deferred Share Units Paddick, Brendan John 4 15/12/2014 56 10.124 24,687 61
Clearwater Seafoods Incorporated
Deferred Share Units Paddick, Brendan John 4 15/12/2014 56 10.124 26,563 1,876
Clearwater Seafoods Incorporated
Deferred Share Units Risley, John Carter 4 15/12/2014 56 7.643 14,473 749
Clearwater Seafoods Incorporated
Deferred Share Units Risley, John Carter 4 15/12/2014 56 8.2 14,475 2
Clearwater Seafoods Incorporated
Deferred Share Units Risley, John Carter 4 15/12/2014 56 8.446 15,248 773
Clearwater Seafoods Incorporated
Deferred Share Units Risley, John Carter 4 15/12/2014 56 10.124 15,286 38
Clearwater Seafoods Incorporated
Deferred Share Units Risley, John Carter 4 15/12/2014 56 10.124 17,175 1,889
Cogeco Cable Inc. Incentive Units / Unités incitatives
ANGELINI, Nicola 5 01/12/2014 00
Cogeco Cable Inc. Incentive Units / Unités incitatives
ANGELINI, Nicola 5 15/12/2014 56 67.55 400 400
Cogeco Cable Inc. Options ANGELINI, Nicola 5 01/12/2014 00
Cogeco Cable Inc. Options ANGELINI, Nicola 5 15/12/2014 50 67.55 2,000 2,000
Cogeco Cable Inc. Performance Share Units / Unite d'action performance
ANGELINI, Nicola 5 01/12/2014 00
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11555
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Cogeco Cable Inc. Performance Share Units / Unite d'action performance
ANGELINI, Nicola 5 15/12/2014 56 67.55 700 700
Cogeco Inc Incentive Units/Unités incitatives
Guimond, René 5 15/12/2014 56 60.22 2,960 400
Colt Resources Inc. Common Shares DSM Resources Corp. 3 19/12/2014 00 16,750,000
Colt Resources Inc. Warrants DSM Resources Corp. 3 19/12/2014 00 10,500,000
Colt Resources Inc. Common Shares Okay, Agah Levent 6 07/08/2014 00
Colt Resources Inc. Common Shares Okay, Agah Levent 6 19/12/2014 11 0.46 6,250,000 6,250,000
Colt Resources Inc. Common Shares Okay, Agah Levent 6 19/12/2014 11 0.21 16,750,000 10,500,000
Colt Resources Inc. Common Shares Okay, Agah Levent 6 19/12/2014 11 0.46 10,500,000 -6,250,000
Colt Resources Inc. Common Shares Okay, Agah Levent 6 19/12/2014 11 0.21 0 -10,500,000
Colt Resources Inc. Warrants Okay, Agah Levent 6 07/08/2014 00
Colt Resources Inc. Warrants Okay, Agah Levent 6 19/12/2014 11 0.21 10,500,000 10,500,000
Colt Resources Inc. Warrants Okay, Agah Levent 6 19/12/2014 11 0.21 0 -10,500,000
Colt Resources Inc. Common Shares Okay, Bulent 6 07/08/2014 00
Colt Resources Inc. Common Shares Okay, Bulent 6 19/12/2014 11 0.46 6,250,000 6,250,000
Colt Resources Inc. Common Shares Okay, Bulent 6 19/12/2014 11 0.21 16,750,000 10,500,000
Colt Resources Inc. Common Shares Okay, Bulent 6 19/12/2014 11 0.46 10,500,000 -6,250,000
Colt Resources Inc. Common Shares Okay, Bulent 6 19/12/2014 11 0.21 0 -10,500,000
Colt Resources Inc. Warrants Okay, Bulent 6 07/08/2014 00
Colt Resources Inc. Warrants Okay, Bulent 6 19/12/2014 11 0.21 10,500,000 10,500,000
Colt Resources Inc. Warrants Okay, Bulent 6 19/12/2014 11 0.21 0 -10,500,000
Colt Resources Inc. Common Shares Okay, Selen 6 19/12/2014 00 16,750,000
Colt Resources Inc. Warrants Okay, Selen 6 19/12/2014 00 10,500,000
Colt Resources Inc. Common Shares Perrault, Nikolas 4, 5 15/12/2014 10 0.0632 3,071,636 95,000
Colt Resources Inc. Common Shares Perrault, Nikolas 4, 5 16/12/2014 10 0.06 3,101,636 30,000
Colt Resources Inc. Common Shares Perrault, Nikolas 4, 5 17/12/2014 10 0.0625 3,111,636 10,000
Colt Resources Inc. Common Shares Spektra Drilling Canada Inc. 3 19/12/2014 11 0.46 10,500,000 -6,250,000
Colt Resources Inc. Common Shares Spektra Drilling Canada Inc. 3 19/12/2014 11 0.21 0 -10,500,000
Colt Resources Inc. Warrants Spektra Drilling Canada Inc. 3 19/12/2014 11 0.21 0 -10,500,000
Colt Resources Inc. Common Shares Spektra Jeotek AS 3 19/12/2014 11 0.46 10,500,000 -6,250,000
Colt Resources Inc. Common Shares Spektra Jeotek AS 3 19/12/2014 11 0.21 0 -10,500,000
Colt Resources Inc. Warrants Spektra Jeotek AS 3 19/12/2014 11 0.21 0 -10,500,000
Colt Resources Inc. Common Shares Usenmez, Kerem 6 07/08/2014 00
Colt Resources Inc. Common Shares Usenmez, Kerem 6 07/08/2014 00
Colt Resources Inc. Common Shares Usenmez, Kerem 6 19/12/2014 11 0.46 6,250,000 6,250,000
Colt Resources Inc. Common Shares Usenmez, Kerem 6 19/12/2014 11 0.21 16,750,000 10,500,000
Colt Resources Inc. Common Shares Usenmez, Kerem 6 19/12/2014 11 0.46 10,500,000 -6,250,000
Colt Resources Inc. Common Shares Usenmez, Kerem 6 19/12/2014 11 0.21 0 -10,500,000
Colt Resources Inc. Common Shares Usenmez, Kerem 6 07/08/2014 00
Colt Resources Inc. Common Shares Usenmez, Kerem 6 19/12/2014 11 0.46 6,250,000
Colt Resources Inc. Common Shares Usenmez, Kerem 6 19/12/2014 11 0.21 10,500,000
Colt Resources Inc. Warrants Usenmez, Kerem 6 19/12/2014 11 0.21 10,500,000 10,500,000
Colt Resources Inc. Warrants Usenmez, Kerem 6 19/12/2014 11 0.21 0 -10,500,000
Colt Resources Inc. Warrants Usenmez, Kerem 6 07/08/2014 00
Colt Resources Inc. Warrants Usenmez, Kerem 6 19/12/2014 11 0.21 10,500,000
Cominar Real Estate Investment Trust
Options Bechard, Todd Patrick 5 16/12/2014 50 18.07 79,350 18,000
Cominar Real Estate Investment Trust
Options Charron, Guy 5 16/12/2014 50 18.07 97,500 36,000
Cominar Real Estate Investment Trust
Options Cossette, Sylvain 5 16/12/2014 50 18.07 609,750 114,000
Cominar Real Estate Investment Trust
Options Dallaire, Alain 4, 5 16/12/2014 50 18.07 182,000 36,000
Cominar Real Estate Investment Trust
Options Dallaire, Michel 4, 5 16/12/2014 50 18.07 1,048,800 274,500
Cominar Real Estate Investment Trust
Options Hamel, Gilles 5 16/12/2014 50 18.07 298,500 75,000
Cominar Real Estate Investment Trust
Options Laramée, Jean 5 24/11/2014 00
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11556
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Cominar Real Estate Investment Trust
Options Laramée, Jean 5 16/12/2014 50 18.07 36,000 36,000
Cominar Real Estate Investment Trust
Trust Units Laramée, Jean 5 24/11/2014 00 2,002
Cominar Real Estate Investment Trust
Options Paquet, Michel 5 16/12/2014 50 18.07 204,000 36,000
Cominar Real Estate Investment Trust
Options Pepin, Carl 5 16/12/2014 50 18.07 70,800 13,500
COMPASS Income Fund Trust Units COMPASS Income Fund 1 12/12/2014 38 12.475 30,826,784 1,200
COMPASS Income Fund Trust Units COMPASS Income Fund 1 12/12/2014 38 13.31 32,318,460 1,491,676
COMPASS Income Fund Trust Units COMPASS Income Fund 1 17/12/2014 10 12.85 32,317,960 -500
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 15/12/2014 38 11.52 163,200 400
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 15/12/2014 38 11.54 166,000 2,800
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 15/12/2014 38 11.56 168,800 2,800
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 15/12/2014 38 11.57 170,300 1,500
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 15/12/2014 38 11.58 175,500 5,200
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 15/12/2014 38 11.59 178,000 2,500
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 15/12/2014 38 11.61 179,900 1,900
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 15/12/2014 38 11.64 180,800 900
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 16/12/2014 38 11.46 181,800 1,000
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 16/12/2014 38 11.48 183,300 1,500
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 16/12/2014 38 11.49 186,800 3,500
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 16/12/2014 38 11.5 188,700 1,900
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 16/12/2014 38 11.52 191,700 3,000
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 16/12/2014 38 11.53 192,700 1,000
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 16/12/2014 38 11.54 193,400 700
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 16/12/2014 38 11.55 197,200 3,800
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 16/12/2014 38 11.56 198,200 1,000
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 17/12/2014 38 11.47 199,700 1,500
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 17/12/2014 38 11.49 201,200 1,500
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 17/12/2014 38 11.51 202,200 1,000
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 17/12/2014 38 11.52 203,700 1,500
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 17/12/2014 38 11.53 207,700 4,000
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 17/12/2014 38 11.55 209,200 1,500
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 17/12/2014 38 11.56 210,700 1,500
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 17/12/2014 38 11.57 213,200 2,500
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 17/12/2014 38 11.59 215,200 2,000
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 17/12/2014 38 11.66 216,200 1,000
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 18/12/2014 38 11.72 217,200 1,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11557
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 18/12/2014 38 11.75 222,200 5,000
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 18/12/2014 38 11.76 224,700 2,500
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 18/12/2014 38 11.8 226,200 1,500
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 18/12/2014 38 11.86 227,700 1,500
Computer Modelling Group Ltd.
Common Shares Computer Modelling Group Ltd.
1 18/12/2014 38 11.87 229,200 1,500
Computer Modelling Group Ltd.
Common Shares Hicks, Robert David 5 12/12/2014 10 11.86 308,800 5,000
Computer Modelling Group Ltd.
Common Shares Hicks, Robert David 5 12/12/2014 10 11.71 313,800 5,000
Computer Modelling Group Ltd.
Common Shares Hicks, Robert David 5 12/12/2014 10 11.5 316,300 2,500
Condor Petroleum Inc. Common Shares Burzynski, John Feliks 4 31/03/2011 00
Condor Petroleum Inc. Common Shares Burzynski, John Feliks 4 18/12/2014 10 0.19 8,800 8,800
Condor Petroleum Inc. Common Shares Storm, Norman 6 10/12/2014 10 0.18 3,029,118 25,000
Condor Petroleum Inc. Common Shares Storm, Norman 6 10/12/2014 10 0.185 3,054,118 25,000
Condor Petroleum Inc. Common Shares Storm, Norman 6 12/12/2014 10 0.175 3,063,118 9,000
Condor Petroleum Inc. Common Shares Storm, Norman 6 12/12/2014 10 0.18 3,089,118 26,000
Condor Petroleum Inc. Common Shares Storm, Norman 6 15/12/2014 10 0.17 3,089,618 500
Condor Petroleum Inc. Common Shares Storm, Norman 6 16/12/2014 10 0.175 3,109,618 20,000
Conifex Timber Inc. Convertible Notes MALPASS, GEORGE 4 15/12/2014 38 $0 -$353
Conifex Timber Inc. Convertible Notes Shields, Kenneth A. 4, 5 15/12/2014 38 $0 -$500
Consolidated Firstfund Capital Corp.
Common Shares Grant, William Douglas 4, 5 17/12/2014 10 0.18 31,000 5,000
Copper Reef Mining Corporation
Common Shares Masson, Stephen Leo 3 15/12/2014 10 0.035 7,902,865 15,000
Copper Reef Mining Corporation
Common Shares Masson, Stephen Leo 3 17/12/2014 10 0.03 7,907,865 5,000
Copperbank Resources Corp.
Common Shares Armstrong, Arnold 3 16/12/2014 10 0.04 6,043,279 -793
Copperbank Resources Corp.
Warrants Armstrong, Arnold 3 21/10/2014 00 3,022,035
Copperbank Resources Corp.
Warrants Armstrong, Arnold 3 16/12/2014 10 0.005 3,021,639 -396
Copperbank Resources Corp.
Common Shares Hilditch, Todd 4 21/10/2014 00 317,386
Copperbank Resources Corp.
Options Hilditch, Todd 4 21/10/2014 00
Copperbank Resources Corp.
Options Hilditch, Todd 4 21/10/2014 50 0.34 176,000 176,000
Copperbank Resources Corp.
Options Hilditch, Todd 4 21/10/2014 50 0.33 255,200 79,200
Copperbank Resources Corp.
Options Hilditch, Todd 4 21/10/2014 50 0.16 431,200 176,000
Copperbank Resources Corp.
Common Shares Kovacevic, John Gianni 4, 5 09/12/2014 10 0.03 3,372,000 89,000
Copperbank Resources Corp.
Common Shares Kovacevic, John Gianni 4, 5 18/12/2014 10 0.05 3,447,000 75,000
Copperbank Resources Corp.
Common Shares Kovacevic, John Gianni 4, 5 19/12/2014 10 0.06 3,472,000 25,000
Corby Spirit and Wine Limited (formerly Corby Distilleries Limited)
Common Shares Class A Cote, Stephane 5 24/11/2014 30 23.236 2,113 97
Corby Spirit and Wine Limited (formerly Corby Distilleries Limited)
Common Shares Class A Holub, Paul 5 24/11/2014 30 23.236 16,245 125
Corby Spirit and Wine Limited (formerly Corby Distilleries Limited)
Common Shares Class A Leburn, John Kevin Stewart 4, 5 24/11/2014 30 23.236 3,121 117
Corby Spirit and Wine Limited (formerly Corby Distilleries Limited)
Common Shares Class A Llewellyn, Robert 4 14/11/2014 30 23.066 5,608 92
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11558
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Corby Spirit and Wine Limited (formerly Corby Distilleries Limited)
Common Shares Class A Lussier, Donald Vincent 4 14/11/2014 30 23.066 4,006 92
Corby Spirit and Wine Limited (formerly Corby Distilleries Limited)
Common Shares Class A McCarthy, George 4 14/11/2014 30 23.066 17,626 167
Corby Spirit and Wine Limited (formerly Corby Distilleries Limited)
Common Shares Class A Nielsen, Patricia 4 24/11/2014 30 23.236 17,414 92
Corby Spirit and Wine Limited (formerly Corby Distilleries Limited)
Common Shares Class A O'Driscoll, Roland Patrick 4, 5 24/11/2014 30 23.236 8,180 154
Corby Spirit and Wine Limited (formerly Corby Distilleries Limited)
Common Shares Class A Valencia, Marc Andrew 5 24/11/2014 30 23.236 16,675 126
Cott Corporation Common Shares Harrington, Thomas 5 10/12/2014 00
Cott Corporation Series A Convertible First Preferred Shares
Harrington, Thomas 5 10/12/2014 00
Cott Corporation Series A Convertible First Preferred Shares
Harrington, Thomas 5 12/12/2014 10 1000 2,181 2,181
Cott Corporation Series B Non Convertible First Preferred Shares
Harrington, Thomas 5 10/12/2014 00
Cott Corporation Series B Non Convertible First Preferred Shares
Harrington, Thomas 5 12/12/2014 10 1000 427 427
Cougar Minerals Corp. Common Shares Tommasi, Mark 4 15/12/2014 10 0.01 0 -100,000
Counsel Corporation Common Shares Silber, Allan Charles 4, 5 11/12/2014 10 1.6 3,477,415 38,900
Counsel Corporation Common Shares Silber, Allan Charles 4, 5 12/12/2014 10 1.6 3,488,515 11,100
Crailar Technologies Inc. Common Shares Finnis, Jason 4, 5 18/12/2014 90 0.23 1,262,064 -75,400
Crailar Technologies Inc. Common Shares Finnis, Jason 4, 5 18/12/2014 90 0.23 1,299,764 37,700
Crailar Technologies Inc. Common Shares Harrison, Larisa 4, 5 18/12/2014 90 0.23 1,234,365 -75,400
Crailar Technologies Inc. Common Shares Harrison, Larisa 4, 5 18/12/2014 90 0.23 1,272,065 37,700
Crescent Point Energy Corp. Common Shares Bannister, Peter 4 11/12/2014 10 22 3,275 900
Crescent Point Energy Corp. Common Shares Saxberg, Scott 4 16/12/2014 11 0 -4,361
Crescent Point Energy Corp. Common Shares Saxberg, Scott 4 16/12/2014 11 0 -2,500
Crescent Point Energy Corp. Common Shares Saxberg, Scott 4 16/12/2014 11 0 -88,655
Crescent Point Energy Corp. Common Shares Saxberg, Scott 4 16/12/2014 11 0 -649
Crescent Point Energy Corp. Common Shares Saxberg, Scott 4 12/12/2014 11 867,458 -30,659
Crescent Point Energy Corp. Common Shares Saxberg, Scott 4 16/12/2014 11 871,819 4,361
Crescent Point Energy Corp. Common Shares Saxberg, Scott 4 16/12/2014 11 402,319 -469,500
Crescent Point Energy Corp. Common Shares Saxberg, Scott 4 18/12/2014 11 471 -471
Crescent Point Energy Corp. Common Shares Saxberg, Scott 4 18/12/2014 11 99,682 -11,028
Crescent Point Energy Corp. Restricted Share Units Saxberg, Scott 4 01/07/2014 56 29,742
Crescent Point Energy Corp. Restricted Share Units Saxberg, Scott 4 01/07/2014 56 408,755 19,030
CRH Medical Corporation Common Shares Holler, Anthony 4 11/12/2014 10 1.73 1,630,000 10,000
CRH Medical Corporation Common Shares Holler, Anthony 4 11/12/2014 10 1.75 1,635,000 5,000
CRH Medical Corporation Common Shares Holler, Anthony 4 11/12/2014 10 1.74 1,645,000 10,000
CRH Medical Corporation Common Shares Holler, Anthony 4 11/12/2014 10 1.75 1,640,000 -5,000
CRH Medical Corporation Common Shares Holler, Anthony 4 11/12/2014 10 1.74 1,630,000 -10,000
CRH Medical Corporation Common Shares Holler, Anthony 4 11/12/2014 10 1.75 1,620,000 -10,000
CRH Medical Corporation Common Shares Holler, Anthony 4 12/12/2014 10 1.71 1,624,200 4,200
CRH Medical Corporation Common Shares Holler, Anthony 4 12/12/2014 10 1.74 1,627,200 3,000
CRH Medical Corporation Common Shares Holler, Anthony 4 12/12/2014 10 1.75 1,637,200 10,000
CRH Medical Corporation Common Shares Holler, Anthony 4 12/12/2014 10 1.7485 1,657,200 20,000
CRH Medical Corporation Common Shares Holler, Anthony 4 12/12/2014 10 1.75 1,662,200 5,000
CRH Medical Corporation Common Shares Holler, Anthony 4 12/12/2014 10 1.73 1,672,200 10,000
CRH Medical Corporation Common Shares Holler, Anthony 4 12/12/2014 10 1.73 1,682,200 10,000
CRH Medical Corporation Common Shares Holler, Anthony 4 12/12/2014 10 1.72 1,692,200 10,000
CRH Medical Corporation Common Shares Holler, Anthony 4 12/12/2014 10 1.75 1,682,200 -10,000
CRH Medical Corporation Common Shares Holler, Anthony 4 12/12/2014 10 1.7417 1,672,200 -10,000
CRH Medical Corporation Common Shares Holler, Anthony 4 12/12/2014 10 1.72 1,662,200 -10,000
CRH Medical Corporation Common Shares Holler, Anthony 4 12/12/2014 10 1.73 1,652,200 -10,000
CRH Medical Corporation Common Shares Holler, Anthony 4 12/12/2014 10 1.72 1,642,200 -10,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11559
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
CRH Medical Corporation Common Shares Holler, Anthony 4 12/12/2014 10 1.74 1,632,200 -10,000
CRH Medical Corporation Common Shares Holler, Anthony 4 12/12/2014 10 1.72 1,622,200 -10,000
CRH Medical Corporation Common Shares Holler, Anthony 4 15/12/2014 10 1.73 1,624,200 2,000
CRH Medical Corporation Common Shares Holler, Anthony 4 15/12/2014 10 1.74 1,620,000 -4,200
Crombie Real Estate Investment Trust
Trust Units Special Voting Empire Company Limited 3 15/12/2014 30 12.004 53,275,266 15,153
CWC Energy Services Corp. Common Shares Au, Duncan Tak-Yan 4, 5 21/12/2014 57 0.435 933,333 50,000
CWC Energy Services Corp. Restricted Share Units Au, Duncan Tak-Yan 4, 5 21/12/2014 57 0.435 366,667 -50,000
CWC Energy Services Corp. Common Shares Dawson, Frederick Curtis 5 16/12/2014 51 0.365 1,449,519 400,000
CWC Energy Services Corp. Options Dawson, Frederick Curtis 5 16/12/2014 51 0.25 200,000 -400,000
CWC Energy Services Corp. Common Shares McGowan, Wade John 4 21/12/2014 57 0.435 1,211,125 10,000
CWC Energy Services Corp. Common Shares McGowan, Wade John 4 21/12/2014 11 0.435 1,201,125 -10,000
CWC Energy Services Corp. Common Shares McGowan, Wade John 4 21/12/2014 11 0.435 595,952 10,000
CWC Energy Services Corp. Restricted Share Units McGowan, Wade John 4 21/12/2014 57 0.435 60,000 -10,000
CWC Energy Services Corp. Common Shares Schultz, Dean 4 12/12/2014 00 10,000
CWC Energy Services Corp. Common Shares Schultz, Dean 4 12/12/2014 00 20,000
Cypress Development Corp. Common Shares Trimble, William 5 17/12/2014 10 0.01 2,000,000 -1,719,000
Darnley Bay Resources Limited
Common Shares levy, Jamie 4 11/12/2014 10 0.015 3,128,000 1,800,000
Darnley Bay Resources Limited
Warrants levy, Jamie 4 11/12/2014 10 0.03 3,000,000 1,800,000
DATA Group Ltd. Common Shares Spencer, Thomas Richmond
4 12/12/2014 10 0.45 92,000 2,000
DATA Group Ltd. Common Shares Spencer, Thomas Richmond
4 12/12/2014 10 0.465 100,000 8,000
DATA Group Ltd. Common Shares Spencer, Thomas Richmond
4 12/12/2014 10 0.46 101,500 1,500
DELPHI ENERGY CORP. Options Osis, Andrew Emil 4 08/12/2014 59 1.26 152,500 -20,000
Detour Gold Corporation Options Crossgrove, Peter Alexander
4 10/12/2014 52 174,996 -25,000
Detour Gold Corporation Options Dionne, Louis 4 10/12/2014 52 106,748 -12,500
Detour Gold Corporation Options Donovan, Patrick Joseph 5 10/12/2014 52 218,558 -20,000
Detour Gold Corporation Options Kenyon, John Michael 4 10/12/2014 52 16.39 381,210 -37,500
Detour Gold Corporation Options Martin, Paul Douglas 4, 5 10/12/2014 52 620,343 -25,000
Detour Gold Corporation Options Rubenstein, Jonathan A. 4 10/12/2014 51 -12,500
Detour Gold Corporation Options Rubenstein, Jonathan A. 4 10/12/2014 52 123,496 -12,500
Detour Gold Corporation Options Teevan, Derek 5 10/12/2014 52 232,301 -30,000
DH Corporation (formerly Davis + Henderson Corporation)
Options Forgues, Kim 5 18/08/2014 00 28,773
DH Corporation (formerly Davis + Henderson Corporation)
Options Neville, William W. 7 06/05/2014 50 44,231
DH Corporation (formerly Davis + Henderson Corporation)
Options Neville, William W. 7 06/05/2014 50 107,495 48,454
DH Corporation (formerly Davis + Henderson Corporation)
Options Weaver, Karen H. 5 02/09/2014 00 35,967
DiagnoCure Inc. Common Shares Axelrod, Todd M. 3 16/12/2014 00 7,402,500
DiagnoCure Inc. Common Shares Axelrod, Todd M. 3 16/12/2014 00 1,156,500
Diagnos Inc. Options Renaud, Philip 4 15/12/2014 52 700,000 -100,000
DirectCash Payments Inc. Common Shares KING, ANGELA DENISE 5 15/12/2014 30 21.09 8,157 593
DirectCash Payments Inc. Common Shares KING, ANGELA DENISE 5 15/12/2014 30 21.09 2,893 1,186
Discovery 2014 Flow-Through Limited Partnership
Limited Partnership Units Brasseur, Jeremy 6 17/12/2014 11 25 0 -1,880
Discovery 2014 Flow-Through Limited Partnership
Limited Partnership Units Orrico, Dean 7 17/12/2014 00
Discovery 2014 Flow-Through Limited Partnership
Limited Partnership Units Orrico, Dean 7 17/12/2014 11 25 1,880 1,880
DNI Metals Inc. Common Shares MacNeill, Tom 3 12/12/2014 37 0 -7,888,113
DNI Metals Inc. Common Shares MacNeill, Tom 3 12/12/2014 37 788,811 788,811
DNI Metals Inc. Common Shares mitchell, raymond 4 18/11/2014 37 -36,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11560
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
DNI Metals Inc. Common Shares mitchell, raymond 4 10/12/2014 37 4,000 -36,000
DNI Metals Inc. Options mitchell, raymond 4 10/12/2014 37 40,250 -362,250
Dollarama Inc. Common Shares Rossy, Lawrence 4, 5 10/12/2014 97 -5,879,850
Dollarama Inc. Common Shares Rossy, Lawrence 4, 5 10/12/2014 97 -5,879,850
Dollarama Inc. Common Shares Rossy, Lawrence 4, 5 11/12/2014 97 0 -5,879,850
Dollarama Inc. Common Shares Rossy, Lawrence 4, 5 15/12/2014 97 -5,879,850
Dollarama Inc. Common Shares Rossy, Lawrence 4, 5 15/12/2014 97 -5,879,850
Dollarama Inc. Common Shares Rossy, Lawrence 4, 5 08/10/2009 00
Dollarama Inc. Common Shares Rossy, Lawrence 4, 5 10/12/2014 97 5,879,850
Dollarama Inc. Common Shares Rossy, Lawrence 4, 5 10/12/2014 97 5,879,850
Dollarama Inc. Common Shares Rossy, Lawrence 4, 5 11/12/2014 97 5,879,850 5,879,850
Dollarama Inc. Common Shares Rossy, Lawrence 4, 5 11/12/2014 10 56.85 5,439,850 -440,000
Dollarama Inc. Common Shares Rossy, Lawrence 4, 5 15/12/2014 97 5,879,850
Dollarama Inc. Common Shares Rossy, Lawrence 4, 5 15/12/2014 97 5,879,850
Donnycreek Energy Inc. Common Shares Kwasnicia, Randy 4 19/12/2014 22 0 -1,418,537
Donnycreek Energy Inc. Common Shares Kwasnicia, Randy 4 19/12/2014 22 0 -10,750
Donnycreek Energy Inc. Common Shares Kwasnicia, Randy 4 19/12/2014 22 0 -8,900
Donnycreek Energy Inc. Options Kwasnicia, Randy 4 19/12/2014 22 0 -260,000
Donnycreek Energy Inc. Common Shares Marsh, John Currins 5 19/12/2014 22 0 -35,600
Donnycreek Energy Inc. Options Marsh, John Currins 5 19/12/2014 22 0 -300,000
Donnycreek Energy Inc. Common Shares Scalf, Murray 4, 5 19/12/2014 22 0 -1,293,569
Donnycreek Energy Inc. Options Scalf, Murray 4, 5 19/12/2014 22 0 -387,500
Donnycreek Energy Inc. Common Shares Stephenson, Kenneth Munro
4 19/12/2014 22 0 -1,497,401
Donnycreek Energy Inc. Options Stephenson, Kenneth Munro
4 19/12/2014 22 0 -380,000
Donnycreek Energy Inc. Common Shares Todd, Malcolm Frederick William
4, 5 19/12/2014 22 0 -954,100
Donnycreek Energy Inc. Options Todd, Malcolm Frederick William
4, 5 19/12/2014 22 0 -387,500
Donnycreek Energy Inc. Common Shares Todd, Robert Hamish Owen 5 19/12/2014 22 0 -948,944
Donnycreek Energy Inc. Options Todd, Robert Hamish Owen 5 19/12/2014 22 0 -387,500
Donnycreek Energy Inc. Common Shares Watt, Colin David 4 19/12/2014 22 0 -736,271
Donnycreek Energy Inc. Options Watt, Colin David 4 19/12/2014 22 0 -270,000
Dream Hard Asset Alternatives Trust
Units Dream Asset Management Corporation
5 12/12/2014 10 6.1343 330,300 40,000
Dream Hard Asset Alternatives Trust
Units Dream Asset Management Corporation
5 15/12/2014 10 6.2294 371,400 41,100
Dream Hard Asset Alternatives Trust
Units Dream Asset Management Corporation
5 16/12/2014 10 6.2066 421,400 50,000
Dream Hard Asset Alternatives Trust
Units Dream Asset Management Corporation
5 17/12/2014 10 6.2294 41,100
Dream Hard Asset Alternatives Trust
Units Dream Asset Management Corporation
5 17/12/2014 10 6.2059 461,400 40,000
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 5,300
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 0 -5,300
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 09/12/2014 38 25.226 65,700 65,700
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 09/12/2014 38 0 -65,700
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 10/12/2014 38 24.692 65,700 65,700
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11561
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 10/12/2014 38 0 -65,700
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 11/12/2014 38 24.37 40,300 40,300
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 11/12/2014 38 0 -40,300
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 12/12/2014 38 24.055 65,700 65,700
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 12/12/2014 38 0 -65,700
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 15/12/2014 38 24.038 65,700 65,700
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 15/12/2014 38 0 -65,700
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 16/12/2014 38 24.309 65,700 65,700
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 16/12/2014 38 0 -65,700
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 17/12/2014 38 24.615 36,600 36,600
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 17/12/2014 38 0 -36,600
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 18/12/2014 38 24.807 46,000 46,000
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 18/12/2014 38 0 -46,000
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 19/12/2014 38 24.758 19,400 19,400
Dream Office Real Estate Investment Trust (formerly, Dundee Real Estate Investment Trust)
Trust Units Series A Dream Office Real Estate Investment Trust
1 19/12/2014 38 0 -19,400
DREAM Unlimited Corp. Subordinate Voting Shares Class A
DREAM Unlimited Corp. 1 12/12/2014 38 9.1095 13,000 13,000
DREAM Unlimited Corp. Subordinate Voting Shares Class A
DREAM Unlimited Corp. 1 12/12/2014 38 0 -13,000
DREAM Unlimited Corp. Subordinate Voting Shares Class A
DREAM Unlimited Corp. 1 15/12/2014 38 9.4213 8,400 8,400
DREAM Unlimited Corp. Subordinate Voting Shares Class A
DREAM Unlimited Corp. 1 15/12/2014 38 0 -8,400
DREAM Unlimited Corp. Subordinate Voting Shares Class A
DREAM Unlimited Corp. 1 16/12/2014 38 9.4274 10,300 10,300
DREAM Unlimited Corp. Subordinate Voting Shares Class A
DREAM Unlimited Corp. 1 16/12/2014 38 0 -10,300
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11562
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
DREAM Unlimited Corp. Subordinate Voting Shares Class A
DREAM Unlimited Corp. 1 17/12/2014 38 9.5617 12,500 12,500
DREAM Unlimited Corp. Subordinate Voting Shares Class A
DREAM Unlimited Corp. 1 17/12/2014 38 0 -12,500
DREAM Unlimited Corp. Subordinate Voting Shares Class A
Sera, Maria Vincenza 4, 7 15/12/2014 10 9.2 15,000 5,000
Duncan Park Holdings Corporation
Common Shares McAvity, Ian Malcolm Temple
4, 5 12/12/2014 16 0.05 19,369,749 1,100,000
DXStorm.Com Inc. Common Shares Popovic, Zoran 4 15/12/2014 10 0.1 2,632,416 2,000
DXStorm.Com Inc. Common Shares Popovic, Zoran 4 18/12/2014 10 0.1 2,637,416 5,000
dynaCERT Inc. (formerly Dynamic Fuel Systems Inc.)
Common Shares Strashin, Elliot Phillip 4 16/12/2014 10 0.14 685,000 5,000
Dynacor Gold Mines Inc. Common Shares Lachance, Denis 4 16/12/2014 10 1.54 8,169 500
Eastmain Resources Inc. Options Robinson, Donald, James 4, 5 08/09/2013 52 1,300,000 -100,000
EastSiberian Plc Common Shares Hocher, Josef William 4 10/12/2014 00 2,200
easyhome Ltd. Common Shares Ingram, David 4, 5 17/12/2014 10 18.4 290,376 1,247
easyhome Ltd. Common Shares Lewis, David Andrew 4 15/12/2014 10 17.25 1,000
easyhome Ltd. Common Shares Lewis, David Andrew 4 15/12/2014 10 17.25 92,900 1,000
EGI Financial Holdings Inc. Options McIntyre, Douglas E. 4, 5 11/12/2014 51 12.92 -47,125
EGI Financial Holdings Inc. Options McIntyre, Douglas E. 4, 5 11/12/2014 51 12.92 133,250 47,125
Eguana Technologies Inc. Common Shares Penner, Robert David 4 15/12/2014 36 461,393 261,493
Eguana Technologies Inc. Convertible Preferred Shares
Penner, Robert David 4 15/12/2014 36 0 -3,000
Eldorado Gold Corporation Common Shares Jones, Douglas Matthew 5 15/12/2014 10 6.89 32,282 -3,000
Element Financial Corporation
Common Shares Venn, Richard 4 16/12/2014 00 241,867
Element Financial Corporation
Deferred Share Units Venn, Richard 4 16/12/2014 00
Element Financial Corporation
Deferred Share Units Venn, Richard 4 16/12/2014 56 14.029 15,000 15,000
Elkwater Resources Ltd. Common Shares Bailey, Douglas George 5 12/12/2014 10 0.085 1,824,667 58,000
Emerita Resources Corp. (formerly Emerita Gold Corp.)
Common Shares Patterson, David Michael 4 16/12/2014 10 0.04 2,700,000 260,000
Empire Company Limited Common Shares Class B Lee, Susan 4 11/12/2014 00
Empire Company Limited Common Shares Class B Lee, Susan 4 16/12/2014 11 1 1
Empire Company Limited Rights DSU (Deferred Share Unit)
Mulvenna, Charles Joseph 7 13/03/2014 00
Empire Company Limited Rights DSU (Deferred Share Unit)
Mulvenna, Charles Joseph 7 15/12/2014 36 2,792 2,792
Empire Company Limited Rights RSU (Restricted Share Units)
Mulvenna, Charles Joseph 7 13/03/2014 00 37,060
Empire Company Limited Rights RSU (Restricted Share Units)
Mulvenna, Charles Joseph 7 15/12/2014 30 37,094 34
Empire Company Limited Rights RSU (Restricted Share Units)
Mulvenna, Charles Joseph 7 15/12/2014 36 34,302 -2,792
Empire Industries Ltd. Common Shares Marshall, Robert Glenn 4 02/12/2014 16 300000 300,000
Empire Industries Ltd. Common Shares Marshall, Robert Glenn 4 02/12/2014 16 0.1 4,118,230 300,000
Empire Industries Ltd. Common Shares Quinn, Terence Patrick 4 15/12/2014 10 0.095 1,271,000 35,000
Empire Industries Ltd. Common Shares Quinn, Terence Patrick 4 16/12/2014 10 0.095 1,291,000 20,000
Enbridge Inc. Rights 2012 Restricted Stock Units (RSUs) 35 mos maturity period
Kelln, Leigh Dawn 5 19/12/2014 30 1,740 34
Enbridge Inc. Rights 2012 Restricted Stock Units (RSUs) 35 mos maturity period
Kelln, Leigh Dawn 5 19/12/2014 59 0 -1,740
Enbridge Inc. Common Shares Murray, Patrick Robert 5 15/12/2014 00 5,600
Enbridge Inc. Common Shares Murray, Patrick Robert 5 15/12/2014 00 669
Enbridge Inc. Common Shares Murray, Patrick Robert 5 15/12/2014 00 2,866
Enbridge Inc. Options $18.235 ($36.47) - February 13, 2016 Expiry
Murray, Patrick Robert 5 15/12/2014 00 3,000
Enbridge Inc. Options $38.34 - March 2, 2022 Expiry
Murray, Patrick Robert 5 15/12/2014 00 19,150
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11563
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Enbridge Inc. Options $44.83 - February 27, 2023 Expiry
Murray, Patrick Robert 5 15/12/2014 00 20,600
Enbridge Inc. Options $48.81 - March 13, 2024 Expiry
Murray, Patrick Robert 5 15/12/2014 00 19,100
Enbridge Inc. Rights 2012 Restricted Stock Units (RSUs) 35 mos maturity period
Murray, Patrick Robert 5 15/12/2014 00 1,522
Enbridge Inc. Rights 2012 Restricted Stock Units (RSUs) 35 mos maturity period
Murray, Patrick Robert 5 19/12/2014 59 0 -1,522
Enbridge Inc. Rights 2013 Restricted Stock Units (RSUs) 35 mos maturity period
Murray, Patrick Robert 5 15/12/2014 00 1,163
Enbridge Inc. Rights 2014 Restricted Stock Units (RSUs) 35 mos maturity period
Murray, Patrick Robert 5 15/12/2014 00 1,079
Enbridge Inc. Common Shares Neiles, Byron Craig 5 11/12/2014 51 15.84 52,877 8,500
Enbridge Inc. Common Shares Neiles, Byron Craig 5 11/12/2014 10 56.49 44,377 -8,500
Enbridge Inc. Common Shares Neiles, Byron Craig 5 17/12/2014 51 15.84 45,877 1,500
Enbridge Inc. Common Shares Neiles, Byron Craig 5 17/12/2014 10 54.9 44,377 -1,500
Enbridge Inc. Options $15.84 ($31.68) ($63.36) - February 3, 2015 Expiry
Neiles, Byron Craig 5 11/12/2014 51 1,500 -8,500
Enbridge Inc. Options $15.84 ($31.68) ($63.36) - February 3, 2015 Expiry
Neiles, Byron Craig 5 17/12/2014 51 0 -1,500
Enbridge Inc. Rights - 2014 Performance Units (PUs) - December 31, 2016 Expiry
Ramos, William Mario 6 01/12/2014 30 1,541 41
Enbridge Inc. Rights 2012 Restricted Stock Units (RSUs) 35 mos maturity period
Ramos, William Mario 6 01/12/2014 30 871 36
Enbridge Inc. Rights 2012 Restricted Stock Units (RSUs) 35 mos maturity period
Ramos, William Mario 6 19/12/2014 59 0 -871
Enbridge Inc. Rights 2013 Restricted Stock Units (RSUs) 35 mos maturity period
Ramos, William Mario 6 01/12/2014 30 740 30
Enbridge Inc. Rights 2012 Restricted Stock Units (RSUs) 35 mos maturity period
Robinson, Tyler Wade 5 19/12/2014 30 1,414 28
Enbridge Inc. Rights 2012 Restricted Stock Units (RSUs) 35 mos maturity period
Robinson, Tyler Wade 5 19/12/2014 59 0 -1,414
Enbridge Inc. Common Shares Robottom, David Thomas 5 12/12/2014 30 52.29 48,872 630
Enbridge Inc. Common Shares Robottom, David Thomas 5 15/12/2014 51 19.805 63,872 15,000
Enbridge Inc. Common Shares Robottom, David Thomas 5 15/12/2014 38 54.75 58,445 -5,427
Enbridge Inc. Common Shares Robottom, David Thomas 5 15/12/2014 10 54.75 48,872 -9,573
Enbridge Inc. Common Shares Robottom, David Thomas 5 01/09/2014 30 50.06 5,258 107
Enbridge Inc. Options $19.805 ($39.61) - February 25, 2019
Robottom, David Thomas 5 15/12/2014 51 15,000 -15,000
Enbridge Inc. Rights - 2012 Performance Units (PUs) - December 31, 2014 Expiry
Robottom, David Thomas 5 01/12/2014 30 9,352 183
Enbridge Inc. Rights - 2013 Performance Units (PUs) - December 31, 2015 Expiry
Robottom, David Thomas 5 01/12/2014 30 8,190 160
Enbridge Inc. Rights - 2014 Performance Units (PUs) - December 31, 2016 Expiry
Robottom, David Thomas 5 01/12/2014 30 8,015 157
Enbridge Inc. Rights 2013 Performance Units (PUs) - December 31, 2013 Expiry
Robottom, David Thomas 5 01/06/2006 00
Enbridge Inc. Common Shares Wuori, Stephen John 5 18/12/2014 47 56.11 256,893 -1,800
Enbridge Inc. Common Shares Zupan, Leon Anthony 7 18/12/2014 51 15.84 123,631 18,400
Enbridge Inc. Common Shares Zupan, Leon Anthony 7 18/12/2014 10 55.45 115,408 -8,223
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11564
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Enbridge Inc. Options $15.84 ($31.68) ($63.36) - February 3, 2015 Expiry
Zupan, Leon Anthony 7 18/12/2014 51 0 -18,400
Enbridge Income Fund Holdings Inc.
Common Shares Bird, John Richard 4, 6, 7 12/12/2014 10 32.937 137,500 90,500
Encana Corporation Common Shares McIntire, Lee Alan 4 01/12/2014 00
Encana Corporation Common Shares McIntire, Lee Alan 4 19/12/2014 10 14.15 7,100 7,100
Encana Corporation Deferred Share Units McIntire, Lee Alan 4 01/12/2014 00
Encana Corporation Deferred Share Units McIntire, Lee Alan 4 17/12/2014 56 849 849
EnerCare Inc. (formerly The Consumers' Waterheater Income Fund)
Common Shares Macdonald, John 5 17/12/2014 10 14.13 42,075 400
EnerCare Inc. (formerly The Consumers' Waterheater Income Fund)
Common Shares Macdonald, John 5 17/12/2014 10 14.05 43,075 1,000
EnerCare Inc. (formerly The Consumers' Waterheater Income Fund)
Common Shares Pantelidis, James 4 01/01/2011 00
EnerCare Inc. (formerly The Consumers' Waterheater Income Fund)
Common Shares Pantelidis, James 4 11/12/2014 10 14.9 1,000 1,000
EnerCare Inc. (formerly The Consumers' Waterheater Income Fund)
Common Shares Pantelidis, James 4 15/12/2014 10 14.4 45,000 1,000
EnerCare Inc. (formerly The Consumers' Waterheater Income Fund)
Common Shares Pantelidis, James 4 15/12/2014 10 14.35 46,000 1,000
ENERGY INDEXPLUS Dividend Fund
Trust Units ENERGY INDEXPLUS Dividend Fund
1 12/12/2014 38 6.0929 1,264,827 1,400
ENERGY INDEXPLUS Dividend Fund
Trust Units ENERGY INDEXPLUS Dividend Fund
1 15/12/2014 38 5.95 1,267,127 2,300
ENERGY INDEXPLUS Dividend Fund
Trust Units ENERGY INDEXPLUS Dividend Fund
1 18/12/2014 38 6.65 1,268,327 1,200
Energy Leaders Plus Income Fund
Units Energy Leaders Plus Income Fund
1 12/12/2014 38 7,800 7,800
Energy Leaders Plus Income Fund
Units Energy Leaders Plus Income Fund
1 12/12/2014 38 0 -7,800
Energy Leaders Plus Income Fund
Units Energy Leaders Plus Income Fund
1 16/12/2014 38 5,800 5,800
Energy Leaders Plus Income Fund
Units Energy Leaders Plus Income Fund
1 16/12/2014 38 0 -5,800
Engagement Labs Inc. Options Segal, Bryan 5 01/12/2014 00
Engagement Labs Inc. Options Segal, Bryan 5 01/12/2014 50 500,000 500,000
Enseco Energy Services Corp.
Common Shares Brussa, John Albert 4 19/12/2014 10 0.1 671,250
Enseco Energy Services Corp.
Common Shares Brussa, John Albert 4 19/12/2014 10 0.1 671,250
Enseco Energy Services Corp.
Non-Voting Shares Brussa, John Albert 4 19/12/2014 10 0.1 671,250
Enseco Energy Services Corp.
Non-Voting Shares Brussa, John Albert 4 19/12/2014 10 0.1 671,250
Enterprise Group, Inc. Common Shares JAROSZUK, LEONARD 4, 5 16/12/2014 10 0.36 5,398,568 150,000
Enterprise Group, Inc. Common Shares JAROSZUK, LEONARD 4, 5 17/12/2014 10 0.365 5,054,332 50,000
Enterprise Group, Inc. Common Shares O'Kell, Desmond 5 17/12/2014 10 0.35 110,500 30,000
ENTREC Corporation Common Shares McLeod, Gavin Russell 5 16/12/2014 10 0.52 6,725 725
ENTREC Corporation Common Shares McLeod, Gavin Russell 5 17/12/2014 10 0.48 7,250 525
ENTREC Corporation Common Shares Vandenberg, Jason Neil 4 17/12/2014 10 0.5 0 -100,000
ENTREC Corporation Common Shares Vandenberg, Jason Neil 4 09/12/2009 00
ENTREC Corporation Common Shares Vandenberg, Jason Neil 4 17/12/2014 10 0.49 100,000 100,000
Epsilon Energy Ltd. Common Shares Epsilon Energy Ltd. 1 15/12/2014 38 3.3087 1,069,900 17,300
EQ Inc. Common Shares Rotstein, Geoffrey 4, 5 12/12/2014 10 0.055 307,087 32,000
EQ Inc. Common Shares Rotstein, Geoffrey 4, 5 17/12/2014 10 0.055 322,087 15,000
Equitable Group Inc. Rights Restricted Share Units
Downie, David 5 16/12/2014 59 64.15 -613
Equitable Group Inc. Rights Restricted Share Units
Downie, David 5 16/12/2014 59 64.15 1,105 -613
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11565
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Equitable Group Inc. Common Shares Edmunds, William Reid 7 15/12/2014 51 20.6 6,447 1,000
Equitable Group Inc. Common Shares Edmunds, William Reid 7 15/12/2014 10 63.314 5,447 -1,000
Equitable Group Inc. Common Shares Edmunds, William Reid 7 16/12/2014 51 20.6 6,447 1,000
Equitable Group Inc. Common Shares Edmunds, William Reid 7 16/12/2014 10 63.307 5,447 -1,000
Equitable Group Inc. Common Shares Edmunds, William Reid 7 17/12/2014 51 20.6 5,947 500
Equitable Group Inc. Common Shares Edmunds, William Reid 7 17/12/2014 10 63.294 5,447 -500
Equitable Group Inc. Options Options granted Edmunds, William Reid 7 15/12/2014 51 20.6 14,432 -1,000
Equitable Group Inc. Options Options granted Edmunds, William Reid 7 16/12/2014 51 20.6 13,432 -1,000
Equitable Group Inc. Options Options granted Edmunds, William Reid 7 17/12/2014 51 20.6 12,932 -500
Equitable Group Inc. Rights Restricted Share Units
Edmunds, William Reid 7 16/12/2014 59 64.15 1,793 -1,541
Equitable Group Inc. Common Shares Farella, Isabelle 5 16/12/2014 51 24.75 628 600
Equitable Group Inc. Common Shares Farella, Isabelle 5 16/12/2014 10 63 28 -600
Equitable Group Inc. Options Options granted Farella, Isabelle 5 16/12/2014 51 24.75 5,305 -600
Equitable Group Inc. Rights Restricted Share Units
Farella, Isabelle 5 16/12/2014 59 64.15 611 -364
Equitable Group Inc. Common Shares Fryer, Scott Allan 5 16/12/2014 59 64.15 2,143 -364
Equitable Group Inc. Rights Restricted Share Units
Fryer, Scott Allan 5 16/12/2014 59 64.15 402 -364
Equitable Group Inc. Rights Restricted Share Units
Kukulowicz, Kimberly 7 16/12/2014 59 64.15 913 -613
Equitable Group Inc. Rights Restricted Share Units
Leland, Brian 7 16/12/2014 59 64.15 787 -613
Equitable Group Inc. Rights Restricted Share Units
Malozewski, Tamara 7 16/12/2014 59 64.15 900 -613
Equitable Group Inc. Common Shares McDonald, Lynn Marie 4 15/12/2014 10 65.74 4,098 50
Equitable Group Inc. Common Shares Moor, Andrew 5 18/12/2014 51 20.6 79,310 5,000
Equitable Group Inc. Options Options granted Moor, Andrew 5 18/12/2014 51 20.6 249,165 -5,000
Equitable Group Inc. Common Shares Sera, Maria Vincenza 4 15/05/2013 00
Equitable Group Inc. Common Shares Sera, Maria Vincenza 4 15/12/2014 10 63.5 2,000 2,000
Equitable Group Inc. Rights Restricted Share Units
Sperling, Jody Lynn 5 16/12/2014 59 64.15 754 -613
Equitable Group Inc. Common Shares Strube, Nicholas Robert Christopher
7 15/12/2014 90 15,347 -478
Equitable Group Inc. Common Shares Strube, Nicholas Robert Christopher
7 15/12/2014 90 14,869 -478
Equitable Group Inc. Common Shares Strube, Nicholas Robert Christopher
7 11/03/2004 00
Equitable Group Inc. Common Shares Strube, Nicholas Robert Christopher
7 15/12/2014 90 478 478
Equitable Group Inc. Common Shares Strube, Nicholas Robert Christopher
7 11/03/2004 00
Equitable Group Inc. Common Shares Strube, Nicholas Robert Christopher
7 15/12/2014 90 478 478
Equitable Group Inc. Rights Restricted Share Units
Strube, Nicholas Robert Christopher
7 16/12/2014 59 64.15 777 -613
Equitable Group Inc. Rights Restricted Share Units
Tratch, Ronald Walter 7 16/12/2014 59 64.15 1,022 -490
Equitable Group Inc. Rights Restricted Share Units
Yu, David 5 16/12/2014 59 64.15 433 -613
Equity Financial Holdings Inc. (formerly, Grey Horse Corporation)
Common Shares Griggs, Stephen John 4 26/02/2014 00
Equity Financial Holdings Inc. (formerly, Grey Horse Corporation)
Common Shares Griggs, Stephen John 4 15/12/2014 90 36,137 36,137
Equity Financial Holdings Inc. (formerly, Grey Horse Corporation)
Common Shares Smoothwater Capital Corporation
3 15/12/2014 00 1,584,735
Equity Financial Holdings Inc. (formerly, Grey Horse Corporation)
Common Shares Smoothwater Capital Partners LP I
3 15/12/2014 97 0 -1,891,900
Erdene Resource Development Corporation
Common Shares Byrne, John Philip 4 15/12/2014 10 0.095 2,666,428 1,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11566
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Erdene Resource Development Corporation
Common Shares Byrne, John Philip 4 15/12/2014 10 0.1 2,715,428 49,000
Erdene Resource Development Corporation
Common Shares Byrne, John Philip 4 16/12/2014 10 0.09 2,765,428 50,000
Eskay Mining Corp Common Shares Balkam, Hugh McLellan 4 17/12/2014 10 0.05 2,657,000 100,000
Essential Energy Services Ltd.
Common Shares Amundson, Garnet K. 4, 5 15/12/2014 51 1.15 533,961 69,200
Essential Energy Services Ltd.
Common Shares Amundson, Garnet K. 4, 5 15/12/2014 10 464,761 -69,200
Essential Energy Services Ltd.
Common Shares Amundson, Garnet K. 4, 5 16/12/2014 51 1.15 507,961 43,200
Essential Energy Services Ltd.
Common Shares Amundson, Garnet K. 4, 5 16/12/2014 10 464,761 -43,200
Essential Energy Services Ltd.
Common Shares Amundson, Garnet K. 4, 5 18/12/2014 51 1.15 527,361 62,600
Essential Energy Services Ltd.
Common Shares Amundson, Garnet K. 4, 5 18/12/2014 10 464,761 -62,600
Essential Energy Services Ltd.
Options Amundson, Garnet K. 4, 5 15/12/2014 51 1.15 1,020,800 -69,200
Essential Energy Services Ltd.
Options Amundson, Garnet K. 4, 5 16/12/2014 51 1.15 977,600 -43,200
Essential Energy Services Ltd.
Options Amundson, Garnet K. 4, 5 18/12/2014 51 1.15 915,000 -62,600
Essential Energy Services Ltd.
Common Shares NEWMAN, JEFFREY BURT 5 15/12/2014 51 1.15 36,403 30,000
Essential Energy Services Ltd.
Common Shares NEWMAN, JEFFREY BURT 5 15/12/2014 10 6,403 -30,000
Essential Energy Services Ltd.
Common Shares NEWMAN, JEFFREY BURT 5 16/12/2014 51 1.15 21,403 15,000
Essential Energy Services Ltd.
Common Shares NEWMAN, JEFFREY BURT 5 16/12/2014 10 6,403 -15,000
Essential Energy Services Ltd.
Common Shares NEWMAN, JEFFREY BURT 5 17/12/2014 51 1.15 61,403 55,000
Essential Energy Services Ltd.
Common Shares NEWMAN, JEFFREY BURT 5 17/12/2014 10 6,403 -55,000
Essential Energy Services Ltd.
Options NEWMAN, JEFFREY BURT 5 15/12/2014 51 1.15 575,000 -30,000
Essential Energy Services Ltd.
Options NEWMAN, JEFFREY BURT 5 16/12/2014 51 1.15 560,000 -15,000
Essential Energy Services Ltd.
Options NEWMAN, JEFFREY BURT 5 17/12/2014 51 1.15 505,000 -55,000
Essential Energy Services Ltd.
Common Shares PERASALO, KAREN DENISE
5 18/12/2014 51 1.15 54,962 50,000
Essential Energy Services Ltd.
Common Shares PERASALO, KAREN DENISE
5 18/12/2014 10 4,962 -50,000
Essential Energy Services Ltd.
Options PERASALO, KAREN DENISE
5 18/12/2014 51 1.15 270,000 -50,000
Ethos Gold Corp. Common Shares Freeman, Gary Richard 4, 5 15/12/2014 10 0.12 476,000 3,000
Ethos Gold Corp. Common Shares Freeman, Gary Richard 4, 5 15/12/2014 10 0.125 491,000 15,000
Ethos Gold Corp. Common Shares Freeman, Gary Richard 4, 5 15/12/2014 10 0.125 492,000 1,000
Ethos Gold Corp. Common Shares Freeman, Gary Richard 4, 5 15/12/2014 10 0.125 501,000 9,000
Ethos Gold Corp. Common Shares Freeman, Gary Richard 4, 5 15/12/2014 10 0.14 504,000 3,000
Ethos Gold Corp. Common Shares Freeman, Gary Richard 4, 5 15/12/2014 10 0.14 510,000 6,000
Ethos Gold Corp. Common Shares Freeman, Gary Richard 4, 5 17/12/2014 10 0.125 528,500 18,500
Ethos Gold Corp. Common Shares Freeman, Gary Richard 4, 5 17/12/2014 10 0.14 531,500 3,000
Ethos Gold Corp. Common Shares Freeman, Gary Richard 4, 5 17/12/2014 10 0.14 532,000 500
Ethos Gold Corp. Common Shares Freeman, Gary Richard 4, 5 17/12/2014 10 0.14 533,500 1,500
Ethos Gold Corp. Common Shares Walton, Godfrey John 4 15/12/2014 10 0.12 174,250 30,000
Evertz Technologies Limited Common Shares Patel, Rakesh Thakor 7 19/12/2014 10 17.3 956,600 -3,000
Excellon Resources Inc. Common Shares Excellon Resources Inc. 1 03/12/2014 38 0 -9,500
Faircourt Split Trust Trust Units Faircourt Asset Management Inc.
8 16/12/2014 10 5.75 6,700 300
Faircourt Split Trust Trust Units Faircourt Asset Management Inc.
8 18/12/2014 10 6 7,300 600
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11567
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Fairfax Financial Holdings Limited
Subordinate Voting Shares
Barnard, Andrew 2 18/12/2014 47 47,374 -100
Falcon Gold Corp. Options Farley, James Donald 4 15/06/2012 00
Falcon Gold Corp. Options Farley, James Donald 4 17/07/2012 50 0.15 200,000 200,000
Falcon Gold Corp. Options Farley, James Donald 4 21/08/2014 50 0.15 300,000 100,000
Falcon Gold Corp. Options Tafel, David Geophry 4 21/08/2014 50 0.15 450,000 250,000
FAM Real Estate Investment Trust
Trust Units MacKellar, Ian Cameron 4 18/12/2014 10 7.25 38,800 8,800
FAM Real Estate Investment Trust
Trust Units Samuel, Gary 4 17/12/2014 10 7.15 42,000 2,000
FAM Real Estate Investment Trust
Trust Units Samuel, Gary 4 17/12/2014 10 7.15 5,000 2,000
FAM Real Estate Investment Trust
Trust Units Subcore Equities Inc. 3 17/12/2014 00
FAM Real Estate Investment Trust
Trust Units Subcore Equities Inc. 3 17/12/2014 11 7.23 2,794,363 2,794,363
Fancamp Exploration Ltd. Common Shares Flanagan, Michael 5 31/10/2014 00 20,000
Fancamp Exploration Ltd. Options Flanagan, Michael 5 31/10/2014 00 775,000
Feronia Inc. Common Shares Batanga, Raymond 5 15/12/2014 30 54,329 4,417
Feronia Inc. Deferred Matching Shares Batanga, Raymond 5 15/12/2014 30 10,821 -4,417
Feronia Inc. Common Shares Gourlay, Nigel 4 15/12/2014 30 103,483 680
Feronia Inc. Deferred Matching Shares Gourlay, Nigel 4 15/12/2014 30 980 -680
Feronia Inc. Common Shares Sood, Ravi 4 15/12/2014 30 165,208 680
Feronia Inc. Deferred Matching Shares Sood, Ravi 4 15/12/2014 30 980 -680
Fiera Capital Corporation (formerly Fiera Sceptre Inc.)
Options Pennycook, David Bruce 4, 5 12/12/2014 51 8.3077 69,000 -4,000
Fiera Capital Corporation (formerly Fiera Sceptre Inc.)
Subordinate Voting Shares Class A
Pennycook, David Bruce 4, 5 12/12/2014 51 8.3077 165,934 4,000
Fiera Capital Corporation (formerly Fiera Sceptre Inc.)
Subordinate Voting Shares Class A
Viau, Alexandre 5 19/12/2014 10 12.638 4,654 -1,200
Finning International Inc. Units Deferred Share Units
Awad, Marcelo 4 17/12/2014 99 2,458 -2
Finning International Inc. Performance Share Units Breukels, Cornelis Mauritius H.J.
5 19/12/2014 38 36.13 5,220 -2,540
Finning International Inc. Units Deferred Share Units
Cote, Jacynthe 4 17/12/2014 99 216 -1
Finning International Inc. Performance Share Units Dickinson, Neil Robert 5 19/12/2014 38 36.13 21,420 -10,950
Finning International Inc. Units Deferred Share Units
Dickinson, Neil Robert 5 17/12/2014 99 44,301 -1
Finning International Inc. Performance Share Units Fraser, Andrew Stewart 5 19/12/2014 38 36.13 21,470 -11,000
Finning International Inc. Units Deferred Share Units
Fraser, Andrew Stewart 5 17/12/2014 99 55,015 1
Finning International Inc. Performance Share Units Hale, Mona 5 19/12/2014 38 36.13 6,480 -3,030
Finning International Inc. Performance Share Units Harrod, Darcy Joel 5 19/12/2014 38 36.13 8,450 -4,990
Finning International Inc. Units Deferred Share Units
Harrod, Darcy Joel 5 17/12/2014 99 4,577 -2
Finning International Inc. Units Deferred Share Units
Hartery, Nicholas 4 17/12/2014 99 2,730 -2
Finning International Inc. Performance Share Units Marks, Anna Pia 5 19/12/2014 38 36.13 10,520 -4,230
Finning International Inc. Units Deferred Share Units
Neveu, Kevin A. 4 17/12/2014 99 2,349 -2
Finning International Inc. Units Deferred Share Units
O'Neill, Kathleen M. 4 17/12/2014 99 35,575 -1
Finning International Inc. Common Shares Patterson, Christopher William
4 12/12/2014 10 23.59 125
Finning International Inc. Common Shares Patterson, Christopher William
4 12/12/2014 10 23.59 125
Finning International Inc. Performance Share Units Primrose, David Francis Neil
5 19/12/2014 38 36.13 18,260 -7,840
Finning International Inc. Units Deferred Share Units
Primrose, David Francis Neil
5 17/12/2014 99 4,577 -2
Finning International Inc. Performance Share Units Sexsmith, Jean Gail 5 19/12/2014 38 36.13 4,320 -1,710
Finning International Inc. Units Deferred Share Units
Simon, Andrew Henry 4 17/12/2014 99 53,561 -1
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11568
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Finning International Inc. Common Shares Thomas, Christopher 5 12/12/2014 10 23.59 6,347 125
Finning International Inc. Performance Share Units Thomas, Christopher 5 19/12/2014 38 36.13 6,600 -2,720
Finning International Inc. Units Deferred Share Units
Thomas, Christopher 5 17/12/2014 99 52,605 -1
Finning International Inc. Performance Share Units Villegas, Juan Carlos 5 19/12/2014 38 36.13 53,420 -17,890
Finning International Inc. Units Deferred Share Units
Wilson, Michael M. 4 17/12/2014 99 11,582 -1
First Capital Realty Inc. Common Shares Brekken, Kay 7, 5 05/08/2014 00
First Capital Realty Inc. Common Shares Brekken, Kay 7, 5 15/12/2014 11 17.77 2,530 2,530
First Capital Realty Inc. Units Restricted Share Units
Brekken, Kay 7, 5 15/12/2014 57 17.77 -2,530
First Capital Realty Inc. Units Restricted Share Units
Brekken, Kay 7, 5 15/12/2014 57 17.77 -2,530
First Capital Realty Inc. Units Restricted Share Units
Brekken, Kay 7, 5 15/12/2014 57 17.77 2,470 -2,530
First Capital Realty Inc. Common Shares Chouinard, Roger 7 15/12/2014 11 17.77 6,788 3,571
First Capital Realty Inc. Common Shares Chouinard, Roger 7 16/12/2014 10 18.09 5,762 -1,026
First Capital Realty Inc. Common Shares Chouinard, Roger 7 16/12/2014 10 18.1 4,862 -900
First Capital Realty Inc. Units Restricted Share Units
Chouinard, Roger 7 15/12/2014 57 17.77 16,084 -3,571
First Capital Realty Inc. Common Shares Katzman, Chaim 3, 4, 6, 7, 5
15/12/2014 11 17.77 111,262 38,389
First Capital Realty Inc. Units Restricted Share Units
Katzman, Chaim 3, 4, 6, 7, 5
15/12/2014 57 17.77 61,275 -38,389
First Capital Realty Inc. Common Shares Kozak, Brian 5 15/12/2014 11 17.77 83,703 11,903
First Capital Realty Inc. Common Shares Kozak, Brian 5 19/12/2014 10 18.6 70,800 -12,903
First Capital Realty Inc. Units Restricted Share Units
Kozak, Brian 5 15/12/2014 57 17.77 23,484 -11,903
First Capital Realty Inc. Common Shares McDougald, Maryanne 7, 5 15/12/2014 11 17.77 13,771 3,571
First Capital Realty Inc. Units Restricted Share Units
McDougald, Maryanne 7, 5 15/12/2014 57 17.77 16,113 -3,571
First Capital Realty Inc. Common Shares Menzies, Gregory 7, 5 01/04/2010 00
First Capital Realty Inc. Common Shares Menzies, Gregory 7, 5 15/12/2014 11 17.77 5,951 5,951
First Capital Realty Inc. Units Restricted Share Units
Menzies, Gregory 7, 5 15/12/2014 57 17.77 -5,951
First Capital Realty Inc. Units Restricted Share Units
Menzies, Gregory 7, 5 15/12/2014 57 17.77 -5,951
First Capital Realty Inc. Units Restricted Share Units
Menzies, Gregory 7, 5 15/12/2014 57 17.77 23,690 -5,951
First Capital Realty Inc. Common Shares Segal, Dori 4, 6, 7, 5 11/12/2014 10 17.802 1,111,298 -114,048
First Capital Realty Inc. Common Shares Segal, Dori 4, 6, 7, 5 11/12/2014 51 13.919 1,158,402 47,104
First Capital Realty Inc. Common Shares Segal, Dori 4, 6, 7, 5 12/12/2014 10 17.795 1,116,902 -41,500
First Capital Realty Inc. Common Shares Segal, Dori 4, 6, 7, 5 12/12/2014 51 13.919 1,166,902 50,000
First Capital Realty Inc. Common Shares Segal, Dori 4, 6, 7, 5 15/12/2014 51 13.919 1,209,798 42,896
First Capital Realty Inc. Common Shares Segal, Dori 4, 6, 7, 5 15/12/2014 51 13.906 1,261,958 52,160
First Capital Realty Inc. Common Shares Segal, Dori 4, 6, 7, 5 15/12/2014 11 17.77 1,315,524 53,566
First Capital Realty Inc. Common Shares Segal, Dori 4, 6, 7, 5 15/12/2014 10 17.877 1,245,475 -70,049
First Capital Realty Inc. Common Shares Segal, Dori 4, 6, 7, 5 15/12/2014 51 13.906 1,317,475 72,000
First Capital Realty Inc. Options Segal, Dori 4, 6, 7, 5 11/12/2014 51 13.919 2,013,881 -47,104
First Capital Realty Inc. Options Segal, Dori 4, 6, 7, 5 12/12/2014 51 13.919 1,963,881 -50,000
First Capital Realty Inc. Options Segal, Dori 4, 6, 7, 5 15/12/2014 51 13.919 1,920,985 -42,896
First Capital Realty Inc. Options Segal, Dori 4, 6, 7, 5 15/12/2014 51 13.906 1,868,825 -52,160
First Capital Realty Inc. Options Segal, Dori 4, 6, 7, 5 15/12/2014 51 13.906 1,796,825 -72,000
First Capital Realty Inc. Units Restricted Share Units
Segal, Dori 4, 6, 7, 5 15/12/2014 57 17.77 60,871 -53,566
First Majestic Silver Corp. Common Shares GARCIA, SALVADOR 5 15/12/2014 10 4.95 5,000 5,000
First Majestic Silver Corp. Common Shares GARCIA, SALVADOR 5 15/12/2014 10 5.05 10,000 5,000
First Majestic Silver Corp. Common Shares GARCIA, SALVADOR 5 15/12/2014 10 5.01 20,000 10,000
First National Mortgage Investment Fund
Units Tawse, Moray 4 15/12/2014 10 8.2 15,800 1,000
First National Mortgage Investment Fund
Units Tawse, Moray 4 19/12/2012 00
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11569
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
First National Mortgage Investment Fund
Units Tawse, Moray 4 15/12/2014 10 8.2 2,700 2,700
First Quantum Minerals Ltd Common Shares Brunner, Paul 4 15/12/2014 30 14.688 61,736 1,010
First Quantum Minerals Ltd Common Shares Brunner, Paul 4 15/12/2014 30 14.489 61,747 11
First Quantum Minerals Ltd Common Shares St. George, Peter 4 16/12/2014 10 16.31 472,730 1,070
Fission Uranium Corp. Options Downey, Gregory John 5 15/12/2014 50 1 645,000 130,000
Fission Uranium Corp. Options Estergaard, Eyler Frank 4 15/12/2014 50 1 2,385,000 540,000
Fission Uranium Corp. Options Marsh, William 4 15/12/2014 50 1 2,110,000 540,000
Fission Uranium Corp. Options McElroy, Ross E. 5 15/12/2014 50 1 3,903,333 540,000
Fission Uranium Corp. Options McElroy, Ross E. 5 15/12/2014 50 1 4,353,333 450,000
Fission Uranium Corp. Options Milewski, Anthony 4 15/12/2014 50 1 1,325,000 540,000
Fission Uranium Corp. Options Randhawa, Devinder 5 15/12/2014 50 1 3,916,667 540,000
Fission Uranium Corp. Options Randhawa, Devinder 5 15/12/2014 50 1 4,366,667 450,000
Fission Uranium Corp. Options Ross, Jeremy 4 07/08/2014 00
Fission Uranium Corp. Options Ross, Jeremy 4 15/12/2014 50 1 540,000 540,000
Formation Metals Inc. Common Shares Farquharson, John Paul 5 17/12/2014 10 0.105 341,337 96,000
Formation Metals Inc. Common Shares Farquharson, John Paul 5 17/12/2014 10 0.1 356,837 15,500
Formation Metals Inc. Common Shares Farquharson, John Paul 5 18/12/2014 10 0.095 366,837 10,000
Formation Metals Inc. Common Shares Farquharson, John Paul 5 19/12/2014 10 0.105 396,837 30,000
Fortis Inc. Deferred Share Unit Crothers, Frank 4 01/01/2014 50 30.421 16,097 781
Fortis Inc. Deferred Share Unit Crothers, Frank 4 01/03/2014 30 30.667 16,265 168
Fortis Inc. Deferred Share Unit Crothers, Frank 4 01/04/2014 56 31.415 17,021 756
Fortis Inc. Deferred Share Unit Crothers, Frank 4 01/06/2014 30 32.452 17,189 168
Fortis Inc. Deferred Share Unit Crothers, Frank 4 01/07/2014 56 32.276 17,925 736
Fortis Inc. Deferred Share Unit Crothers, Frank 4 01/09/2014 30 33.401 18,096 171
Fortis Inc. Deferred Share Unit Crothers, Frank 4 01/10/2014 56 34.245 18,790 694
Fortis Inc. Deferred Share Unit Crothers, Frank 4 01/12/2014 30 39.315 18,943 153
Fortress Minerals Corp. Common Shares Mir, Pablo 4 12/12/2014 00
Fortuna Silver Mines Inc. Common Shares Ruiz-Conejo, Juan Manuel 5 18/12/2014 51 4.03 70,000 70,000
Fortuna Silver Mines Inc. Common Shares Ruiz-Conejo, Juan Manuel 5 18/12/2014 10 5.26 60,000 -10,000
Fortuna Silver Mines Inc. Common Shares Ruiz-Conejo, Juan Manuel 5 18/12/2014 10 5.27 50,200 -9,800
Fortuna Silver Mines Inc. Common Shares Ruiz-Conejo, Juan Manuel 5 18/12/2014 10 5.275 50,000 -200
Fortuna Silver Mines Inc. Common Shares Ruiz-Conejo, Juan Manuel 5 18/12/2014 10 5.28 40,000 -10,000
Fortuna Silver Mines Inc. Common Shares Ruiz-Conejo, Juan Manuel 5 18/12/2014 10 5.29 30,900 -9,100
Fortuna Silver Mines Inc. Common Shares Ruiz-Conejo, Juan Manuel 5 18/12/2014 10 5.3 1,300 -29,600
Fortuna Silver Mines Inc. Common Shares Ruiz-Conejo, Juan Manuel 5 18/12/2014 10 5.305 900 -400
Fortuna Silver Mines Inc. Common Shares Ruiz-Conejo, Juan Manuel 5 18/12/2014 10 5.31 0 -900
Fortuna Silver Mines Inc. Options Ruiz-Conejo, Juan Manuel 5 18/12/2014 51 485,067 -70,000
Fortune Bay Corp. Common Shares Dawe, Wade K. 5 16/12/2014 10 0.31 1,288,500 95,000
Fortune Bay Corp. Common Shares Oliver, Sarah Lynn 5 16/12/2014 10 0.31 5,000 1,000
Fortune Minerals Limited Common Shares Naik, Mahendra 4 15/12/2014 10 0.14 97,500 -125,500
Franco-Nevada Corporation Common Shares Decher, Petra 5 17/12/2014 10 54.628 4,782 -1,000
Franco-Nevada Corporation Common Shares Waterman, Geoffrey 5 15/12/2014 51 15.2 194,758 25,000
Franco-Nevada Corporation Common Shares Waterman, Geoffrey 5 15/12/2014 10 56.631 169,758 -25,000
Franco-Nevada Corporation Options Waterman, Geoffrey 5 15/12/2014 51 15.2 22,525 -25,000
Freehold Royalties Ltd. Common Shares Canadian National Railway Company, Administrator of the CN Trust Funds
3 15/12/2014 30 17.38 14,899,854 119,062
Freehold Royalties Ltd. Common Shares Canadian National Railway Company, Administrator of the CN Trust Funds
3 15/12/2014 30 17.38 4,813,914 38,467
Frontier Rare Earths Limited Options (Ordinary Shares) Dhir, Anu 4 28/11/2014 10 0.265 481,175 231,159
Frontier Rare Earths Limited Options (Ordinary Shares) Kenny, James 4 28/11/2014 50 0.265 3,238,171 1,555,635
Frontier Rare Earths Limited Options (Ordinary Shares) Kenny, Philip 4 28/11/2014 50 0.265 1,378,500 967,718
Frontier Rare Earths Limited Options (Ordinary Shares) McGuinness, Paul Anthony 4 28/11/2014 50 0.265 1,487,729 904,890
Frontier Rare Earths Limited Options (Ordinary Shares) Scholes, Hulme 4 15/10/2013 00
Frontier Rare Earths Limited Options (Ordinary Shares) Scholes, Hulme 4 28/11/2014 50 0.265 115,580 115,580
Frontier Rare Earths Limited Options (Ordinary Shares) Sonn, Crispin Franklyn 4 28/11/2014 50 0.265 481,175 231,159
Fundamental Applications Corp.
Common Shares Ing, Julian 3 12/12/2014 10 2,860,000 -140,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11570
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Fundamental Applications Corp.
Common Shares Ing, Julian 3 15/12/2014 10 2,835,000 -25,000
Fundamental Applications Corp.
Common Shares Ing, Julian 3 17/12/2014 10 2,975,000 140,000
Fundamental Applications Corp.
Common Shares Vibecast Corp. 4 10/11/2014 00
Fundamental Applications Corp.
Common Shares Vibecast Corp. 4 10/11/2014 00 3,000,000
Fundamental Applications Corp.
Common Shares Vibecast Corp. 4 12/12/2014 10 2,860,000 -140,000
Fundamental Applications Corp.
Common Shares Vibecast Corp. 4 15/12/2014 10 2,835,000 -25,000
Fundamental Applications Corp.
Common Shares Vibecast Corp. 4 17/12/2014 10 2,975,000 140,000
Gabriel Resources Ltd. Options Brown, Richard Paul 5 10/12/2014 50 2,010,000 400,000
Gabriel Resources Ltd. Rights RSUs - Restricted Share Units
Brown, Richard Paul 5 10/12/2014 56 147,792 75,000
Gabriel Resources Ltd. Rights RSUs - Restricted Share Units
Brown, Richard Paul 5 13/12/2014 59 143,354 -4,438
Gabriel Resources Ltd. Options Henry, Jonathan 4, 5 10/12/2014 50 4,769,167 450,000
Gabriel Resources Ltd. Rights RSUs - Restricted Share Units
Henry, Jonathan 4, 5 13/12/2014 59 107,595 -18,208
Gabriel Resources Ltd. Options Hulley, Keith Robert 4 15/12/2014 52 325,000 -250,000
Gabriel Resources Ltd. Options Suciu, Nicolae Gruia 5 10/12/2014 50 1,109,722 150,000
Gabriel Resources Ltd. Options Suciu, Nicolae Gruia 5 15/12/2014 52 1,075,000 -34,722
Gabriel Resources Ltd. Options Tanase, Dragos 5 10/12/2014 50 2,622,000 400,000
Gabriel Resources Ltd. Options Tanase, Dragos 5 15/12/2014 52 2,422,000 -200,000
Gabriel Resources Ltd. Options Vaughan, Maxwell Lucas 5 10/12/2014 50 1,868,333 300,000
Gabriel Resources Ltd. Rights RSUs - Restricted Share Units
Vaughan, Maxwell Lucas 5 13/12/2014 59 50,633 -2,773
Galane Gold Ltd. Common Shares Bhalla, Amar 4 15/12/2014 30 740,833 45,708
Galane Gold Ltd. Deferred Matching Shares Bhalla, Amar 4 15/12/2014 30 89,915 -45,708
Galane Gold Ltd. Common Shares Egan, Ian Roy 4 15/12/2014 30 334,583 45,708
Galane Gold Ltd. Deferred Matching Shares Egan, Ian Roy 4 15/12/2014 30 89,915 -45,708
Galane Gold Ltd. Common Shares Kimel, Richard Michael 4 15/12/2014 30 5,708
Galane Gold Ltd. Common Shares Kimel, Richard Michael 4 15/12/2014 30 5,708
Galane Gold Ltd. Common Shares Sood, Ravi 4 15/12/2014 30 3,134,583 45,708
Galane Gold Ltd. Deferred Matching Shares Sood, Ravi 4 15/12/2014 30 89,915 -45,708
Galway Metals Inc. Common Shares Hinchcliffe, Robert 3, 4, 5 19/12/2014 10 0.12 7,801,217 19,000
Galway Metals Inc. Common Shares Hinchcliffe, Robert 3, 4, 5 19/12/2014 10 0.125 7,835,217 34,000
Galway Metals Inc. Common Shares Jaguar Financial Corporation
3 12/12/2014 10 0.11 6,076,500 500
Galway Metals Inc. Common Shares Jaguar Financial Corporation
3 15/12/2014 10 0.11 6,086,000 9,500
Gamehost Inc. Common Shares Miles, Peter Leighton 4 31/12/2010 00
Gamehost Inc. Common Shares Miles, Peter Leighton 4 18/12/2014 10 14 2,300 2,300
Gamehost Inc. Common Shares Miles, Peter Leighton 4 18/12/2014 10 13.97 5,000 2,700
Gamehost Inc. Common Shares Miles, Peter Leighton 4 31/12/2010 00
Gamehost Inc. Common Shares Miles, Peter Leighton 4 18/12/2014 10 14 5,000 5,000
Gazit-Globe Ltd. Debentures Series K (denominated in Israeli new shekels)
Ben Dor, Haim Michael 4 15/12/2014 10 125.53 $1,885,135 $318,637
GB Minerals Ltd. Common Shares Alpha Infrastructure LLC 3 15/12/2014 10 0.075 59,874,312 13,333,333
GB Minerals Ltd. Common Shares Aterra Investments Limited 3 15/12/2014 16 0.075 136,573,898 26,666,667
Genesis Land Development Corp.
Common Shares Bharucha, Yazdi 4 12/12/2014 51 3.27 75,000 50,000
Genesis Land Development Corp.
Options Bharucha, Yazdi 4 12/12/2014 51 3.27 0 -50,000
Genesis Land Development Corp.
Common Shares Mitchell, Mark William 4 12/12/2014 10 3.62 4,458,400 1,000
Genesis Land Development Corp.
Common Shares Mitchell, Mark William 4 12/12/2014 10 3.63 4,460,100 1,700
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11571
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Genesis Land Development Corp.
Common Shares Mitchell, Mark William 4 12/12/2014 10 3.64 4,460,600 500
Genesis Land Development Corp.
Common Shares Mitchell, Mark William 4 12/12/2014 10 3.65 4,461,100 500
Genesis Land Development Corp.
Common Shares Mitchell, Mark William 4 12/12/2014 10 3.66 4,461,500 400
Genesis Land Development Corp.
Common Shares Mitchell, Mark William 4 12/12/2014 10 3.67 4,462,400 900
Genesis Land Development Corp.
Common Shares Mitchell, Mark William 4 12/12/2014 10 3.68 4,464,600 2,200
Genesis Land Development Corp.
Common Shares Mitchell, Mark William 4 12/12/2014 10 3.69 4,466,100 1,500
Genesis Land Development Corp.
Common Shares Mitchell, Mark William 4 12/12/2014 10 3.7 4,467,800 1,700
Genesis Land Development Corp.
Common Shares Mitchell, Mark William 4 12/12/2014 10 3.71 4,468,200 400
Genesis Land Development Corp.
Common Shares Mitchell, Mark William 4 12/12/2014 10 3.72 4,477,400 9,200
Genesis Land Development Corp.
Common Shares Mitchell, Mark William 4 12/12/2014 10 3.73 4,487,400 10,000
Genesis Land Development Corp.
Common Shares Mitchell, Mark William 4 12/12/2014 10 3.74 4,492,000 4,600
Genworth MI Canada Inc. Common Shares Macdonell, Winsor James 5 12/12/2014 10 35.32 9,645 -1
Genworth MI Canada Inc. Common Shares Mayers, Philip Adrian Virgil 5 11/12/2014 10 39.17 -2
Genworth MI Canada Inc. Common Shares Mayers, Philip Adrian Virgil 5 11/12/2014 10 39.17 12,415 -3
George Weston Limited Preferred Shares Series 1 Gallagher, Paul Joseph 6 15/05/2008 00
George Weston Limited Preferred Shares Series 1 Gallagher, Paul Joseph 6 10/12/2014 10 25.45 500 500
Gibson Energy Inc. Common Shares Ingram, Donald Richard 4 11/12/2014 10 9,500 5,000
Global Dividend Growers Income Fund
Trust Units Brasseur, Jeremy 6 11/12/2014 10 10.37 3,700 -3,000
Global Dividend Growers Income Fund
Trust Units Brasseur, Jeremy 6 11/12/2014 10 11.3 2,700 -1,000
Global Dividend Growers Income Fund
Trust Units Brasseur, Jeremy 6 11/12/2014 10 11.3 0 -2,700
Global Dividend Growers Income Fund
Trust Units Global Dividend Growers Income Fund
1 12/12/2014 38 11.202 1,796,126 9,900
Global Dividend Growers Income Fund
Trust Units Global Dividend Growers Income Fund
1 15/12/2014 38 11.025 1,805,126 9,000
Global Dividend Growers Income Fund
Trust Units Global Dividend Growers Income Fund
1 16/12/2014 38 11.1 1,808,226 3,100
Global Dividend Growers Income Fund
Trust Units Global Dividend Growers Income Fund
1 17/12/2014 38 11.15 1,808,426 200
Global Dividend Growers Income Fund
Trust Units Global Dividend Growers Income Fund
1 18/12/2014 38 11.146 1,811,826 3,400
Global Healthcare Dividend Fund
Trust Units Global Healthcare Dividend Fund
1 12/12/2014 38 10.282 95,500 3,400
Global Healthcare Dividend Fund
Trust Units Global Healthcare Dividend Fund
1 15/12/2014 38 10.178 102,500 7,000
Global Healthcare Dividend Fund
Trust Units Global Healthcare Dividend Fund
1 16/12/2014 38 10.143 108,500 6,000
Global Healthcare Dividend Fund
Trust Units Global Healthcare Dividend Fund
1 17/12/2014 38 10.187 116,600 8,100
Global Healthcare Dividend Fund
Trust Units Global Healthcare Dividend Fund
1 18/12/2014 38 10.148 130,400 13,800
Global Infrastructure Dividend Fund
Trust Units Brasseur, Jeremy 6 11/12/2014 10 9.513 6,000 -1,000
Global Infrastructure Dividend Fund
Trust Units Brasseur, Jeremy 6 11/12/2014 10 9.51 5,500 -500
Global Infrastructure Dividend Fund
Trust Units Brasseur, Jeremy 6 15/12/2014 10 9.41 4,500 -1,000
Global Infrastructure Dividend Fund
Trust Units Brasseur, Jeremy 6 15/12/2014 10 9.403 3,500 -1,000
Global Infrastructure Dividend Fund
Trust Units Brasseur, Jeremy 6 16/12/2014 10 9.1 0 -3,500
Global Infrastructure Dividend Fund
Trust Units Global Infrastructure Dividend Fund
1 12/12/2014 38 9.4487 529,400 12,900
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11572
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Global Infrastructure Dividend Fund
Trust Units Global Infrastructure Dividend Fund
1 15/12/2014 38 9.2629 544,100 14,700
Global Infrastructure Dividend Fund
Trust Units Global Infrastructure Dividend Fund
1 16/12/2014 38 9.0006 564,000 19,900
Global Infrastructure Dividend Fund
Trust Units Global Infrastructure Dividend Fund
1 17/12/2014 38 9.0415 577,700 13,700
Global Infrastructure Dividend Fund
Trust Units Global Infrastructure Dividend Fund
1 18/12/2014 38 9.0179 593,700 16,000
GMP Capital Inc. Preferred Shares Riley, Sanford 4 12/11/2009 00 4,000
GMP Capital Inc. Preferred Shares Riley, Sanford 4 17/12/2014 10 16.58 4,700 700
GMP Capital Inc. Preferred Shares Riley, Sanford 4 17/12/2014 10 16.72 5,500 800
GoGold Resources Inc. Common Shares George, Fred 3 12/12/2014 54 1.5 23,746,050 170,000
GoGold Resources Inc. Warrants George, Fred 3 12/12/2012 54 1.5 0 -170,000
GoGold Resources Inc. Common Shares Rhodenizer, Scott 6, 7 08/12/2014 10 1.472 19,850,000 -25,000
GoGold Resources Inc. Common Shares Rhodenizer, Scott 6, 7 17/12/2014 10 1.5074 19,800,000 -50,000
GoGold Resources Inc. Common Shares Rhodenizer, Scott 6, 7 18/12/2014 10 1.5 19,750,000 -50,000
Gold Canyon Resources Inc. Common Shares Bhandari, Jayant 4 15/12/2014 10 0.115 62,000 7,000
Gold Canyon Resources Inc. Common Shares Levinson, Akiko 4, 5 15/12/2014 10 0.125 3,007,201 10,000
Gold Canyon Resources Inc. Common Shares Levinson, Akiko 4, 5 17/12/2014 10 0.1 3,017,201 10,000
Gold Standard Ventures Corp.
Common Shares Awde, Jonathan Charles Timothy
4, 6, 5 15/12/2014 10 0.5 1,052,400 2,000
Gold Standard Ventures Corp.
Common Shares Awde, Jonathan Charles Timothy
4, 6, 5 15/12/2014 10 0.495 1,055,400 3,000
Gold Standard Ventures Corp.
Common Shares Awde, Jonathan Charles Timothy
4, 6, 5 15/12/2014 10 0.495 1,057,400 2,000
Gold Standard Ventures Corp.
Common Shares Awde, Jonathan Charles Timothy
4, 6, 5 16/12/2014 10 0.495 1,082,400 25,000
Gold Standard Ventures Corp.
Common Shares Awde, Jonathan Charles Timothy
4, 6, 5 16/12/2014 10 0.495 1,091,400 9,000
Gold Standard Ventures Corp.
Common Shares Awde, Jonathan Charles Timothy
4, 6, 5 16/12/2014 10 0.51 1,092,400 1,000
Gold Standard Ventures Corp.
Common Shares Awde, Jonathan Charles Timothy
4, 6, 5 17/12/2014 10 0.5 1,102,400 10,000
Golden Dawn Minerals Inc. Common Shares Wiese, Wolfgang 4, 5 04/12/2014 10 0.02 6,137,333 100,000
Golden Dawn Minerals Inc. Common Shares Wiese, Wolfgang 4, 5 10/12/2014 10 0.02 6,140,333 3,000
Goldgroup Mining Inc. Common Shares WONG, SAM K. 5 16/12/2014 00
Goldgroup Mining Inc. Options WONG, SAM K. 5 16/12/2014 00
Goldgroup Mining Inc. Warrants WONG, SAM K. 5 16/12/2014 00
Goldspike Exploration Inc. Common Shares Inwentash, Sheldon 3 11/12/2014 10 0.3184 946,500 -833,500
GPM Metals Inc. Options Noone, Daniel Joseph 4 25/11/2014 52 -250,000
GPM Metals Inc. Options Noone, Daniel Joseph 4 25/11/2014 52 500,000 -250,000
Granite REIT Inc. Deferred Share Units Brody, Michael Lawrence 4 15/12/2014 35 40.04 3,004 14
Granite REIT Inc. Restricted Share Units De Aragon, John 5 15/12/2014 35 40.04 17,873 81
Granite REIT Inc. Deferred Share Units Dey, Peter James 4 15/12/2014 35 40.04 6,897 32
Granite REIT Inc. Restricted Share Units Forsayeth, Michael Peter 5 15/12/2014 35 40.04 9,091 41
Granite REIT Inc. Deferred Share Units Gilbertson, Barry Gordon 4 15/12/2014 35 40.04 6,246 28
Granite REIT Inc. Restricted Share Units Heslip, Thomas Hugh 4, 5 15/12/2014 35 40.04 46,809 213
Granite REIT Inc. Restricted Share Units KUMER, LORNE 5 15/12/2014 35 40.04 4,547 21
Granite REIT Inc. Deferred Share Units Miller, Gerald 4 15/12/2014 35 40.04 3,004 14
Granite REIT Inc. Deferred Share Units Oran, Scott 4 15/12/2014 35 40.04 3,004 14
Granite REIT Inc. Restricted Share Units Tindale, Jennifer Sara 5 15/12/2014 35 40.04 4,547 21
Granite REIT Inc. Deferred Share Units Voorheis, George Wesley Thomas
4 15/12/2014 35 40.04 15,767 72
Granite REIT Inc. Restricted Share Units Wierzbinski, Stefan 5 15/12/2014 35 40.04 2,671 12
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.65 20,000
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 9.11 24,185 20,000
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 7.14 44,185 20,000
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 7.67 69,185 25,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11573
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.9 67,485 -1,700
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.905 66,785 -700
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.84 65,885 -900
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.8 63,685 -2,200
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.75 62,385 -1,300
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.755 62,185 -200
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.8 59,985 -2,200
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.805 59,685 -300
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.8 59,385 -300
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.75 58,885 -500
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.76 58,385 -500
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.75 57,385 -1,000
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.76 57,285 -100
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.75 56,885 -400
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.7 51,885 -5,000
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.75 50,285 -1,600
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.76 50,185 -100
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.75 49,685 -500
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.76 49,585 -100
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.75 48,585 -1,000
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.76 48,385 -200
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.75 47,485 -900
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.76 47,185 -300
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.75 46,585 -600
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.76 46,485 -100
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.75 44,885 -1,600
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.76 44,585 -300
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.75 44,185 -400
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 15/12/2014 10 20.7 39,785 -4,400
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 16/12/2014 10 20.7 31,985 -7,800
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 16/12/2014 10 20.64 30,885 -1,100
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 16/12/2014 10 20.59 30,085 -800
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 16/12/2014 10 20.56 29,685 -400
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11574
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 16/12/2014 10 20.57 29,185 -500
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 17/12/2014 10 20.5 5,385 -23,800
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 17/12/2014 10 20.7 5,085 -300
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 17/12/2014 10 20.71 4,985 -100
Great Canadian Gaming Corporation
Common Shares Hart, Sarah J. 5 17/12/2014 10 20.72 4,185 -800
Great Canadian Gaming Corporation
Options Hart, Sarah J. 5 19/11/2014 51 7.62 -15,440
Great Canadian Gaming Corporation
Options Hart, Sarah J. 5 19/11/2014 10 7.62 15,440
Great Canadian Gaming Corporation
Options Hart, Sarah J. 5 19/11/2014 10 7.62 15,440
Great Canadian Gaming Corporation
Options Hart, Sarah J. 5 19/11/2014 10 7.62 110,000 -15,440
Great Canadian Gaming Corporation
Options Hart, Sarah J. 5 15/12/2014 51 7.14 90,000 -20,000
Great Canadian Gaming Corporation
Options Hart, Sarah J. 5 15/12/2014 51 9.11 70,000 -20,000
Great Canadian Gaming Corporation
Options Hart, Sarah J. 5 15/12/2014 51 7.67 45,000 -25,000
Great Canadian Gaming Corporation
Options Hart, Sarah J. 5 15/12/2014 10 20.65 20,000
Great Canadian Gaming Corporation
Options Hart, Sarah J. 5 15/12/2014 10 20.65 20,000
Great Canadian Gaming Corporation
Common Shares Keilty, Karen Anne 4 17/12/2014 00
Great Canadian Gaming Corporation
Units Deferred Shares Keilty, Karen Anne 4 17/12/2014 00
Great Lakes Graphite Inc. Common Shares Ferguson, Paul Kenneth 4, 5 18/12/2014 10 0.0345 2,168,714 160,000
Great Lakes Graphite Inc. Common Shares Ferguson, Paul Kenneth 4, 5 18/12/2014 10 0.0388 2,231,714 63,000
Great Lakes Graphite Inc. Common Shares Ferguson, Paul Kenneth 4, 5 18/12/2014 10 0.0431 2,238,714 7,000
Great Lakes Graphite Inc. Common Shares Ferguson, Paul Kenneth 4, 5 19/12/2014 10 0.0388 2,301,714 63,000
Great Lakes Graphite Inc. Common Shares Ferguson, Paul Kenneth 4, 5 19/12/2014 10 0.0345 2,303,714 2,000
Great Lakes Graphite Inc. Common Shares Rock Tech Lithium Inc. 3 10/11/2014 00 7,663,474
Great Panther Silver Limited Common Shares Mason, Jeffrey Robert 4 11/12/2014 10 0.8 143,000 43,000
Great Panther Silver Limited Common Shares Mason, Jeffrey Robert 4 12/12/2014 10 0.81 149,600 6,600
Great Panther Silver Limited Common Shares Mason, Jeffrey Robert 4 15/12/2014 10 0.8 300,000 150,400
Great Panther Silver Limited Common Shares Mason, Jeffrey Robert 4 16/12/2014 10 0.715 396,548 96,548
Great Panther Silver Limited Common Shares Mason, Jeffrey Robert 4 17/12/2014 10 0.7 437,048 40,500
Great-West Lifeco Inc. Deferred Share Units Ryan, Thomas Timothy, Jr. 4 15/12/2014 59 32.357 726 -37,060
Greenbank Capital Inc. Common Shares Cullingham, Paul Winston 4 17/12/2014 10 0.05 149,000 1,000
Greencastle Resources Ltd. Common Shares Greencastle Resources Ltd. 1 02/12/2014 38 0.06 1,418,000 40,000
Greencastle Resources Ltd. Common Shares Greencastle Resources Ltd. 1 04/12/2014 38 0.06 1,476,000 58,000
Greencastle Resources Ltd. Common Shares Greencastle Resources Ltd. 1 08/12/2014 38 0.06 1,550,000 74,000
Greencastle Resources Ltd. Common Shares Greencastle Resources Ltd. 1 09/12/2014 38 0.06 1,554,000 4,000
Greencastle Resources Ltd. Common Shares Greencastle Resources Ltd. 1 09/12/2014 38 0.06 1,579,000 25,000
Greencastle Resources Ltd. Common Shares Greencastle Resources Ltd. 1 11/12/2014 38 0.06 1,580,000 1,000
Greenfields Petroleum Corporation
Common Shares - New Harkins, John Wilfrid Hugh 4, 5 17/12/2014 10 0.6911 1,013,655 10,000
Greenfields Petroleum Corporation
Convertible Debentures C$1,000 Face Value, 9%
Harkins, John Wilfrid Hugh 4, 5 03/12/2014 10 250 $6,250
Greenfields Petroleum Corporation
Convertible Debentures C$1,000 Face Value, 9%
Harkins, John Wilfrid Hugh 4, 5 03/12/2014 10 250 $6,250 $6,250
Greenfields Petroleum Corporation
Convertible Debentures C$1,000 Face Value, 9%
Harkins, John Wilfrid Hugh 4, 5 04/12/2014 10 250 $16,750
Greenfields Petroleum Corporation
Convertible Debentures C$1,000 Face Value, 9%
Harkins, John Wilfrid Hugh 4, 5 04/12/2014 10 250 $23,000 $16,750
Greenfields Petroleum Corporation
Convertible Debentures C$1,000 Face Value, 9%
Harkins, John Wilfrid Hugh 4, 5 10/12/2014 10 250 $4,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11575
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Greenfields Petroleum Corporation
Convertible Debentures C$1,000 Face Value, 9%
Harkins, John Wilfrid Hugh 4, 5 10/12/2014 10 250 $27,000 $4,000
Greenfields Petroleum Corporation
Convertible Debentures C$1,000 Face Value, 9%
Harkins, John Wilfrid Hugh 4, 5 10/12/2014 10 250 $500
Greenfields Petroleum Corporation
Convertible Debentures C$1,000 Face Value, 9%
Harkins, John Wilfrid Hugh 4, 5 10/12/2014 10 250 $27,500 $500
Greenfields Petroleum Corporation
Convertible Debentures C$1,000 Face Value, 9%
Harkins, John Wilfrid Hugh 4, 5 16/12/2014 10 250 $25,000
Greenfields Petroleum Corporation
Convertible Debentures C$1,000 Face Value, 9%
Harkins, John Wilfrid Hugh 4, 5 16/12/2014 10 250 $52,500 $25,000
Greenfields Petroleum Corporation
Convertible Debentures C$1,000 Face Value, 9%
Harkins, John Wilfrid Hugh 4, 5 17/12/2014 10 250 $53,060 $560
Greenfields Petroleum Corporation
Common Shares Hibberd, Michael John 4 17/12/2014 10 0.75 74,500 10,000
Grenville Strategic Royalty Corp. (formerly, Troon Ventures Ltd.)
Common Shares Parry, Steven Elliott 4, 5 15/12/2014 10 0.5036 2,000
Grenville Strategic Royalty Corp. (formerly, Troon Ventures Ltd.)
Common Shares Parry, Steven Elliott 4, 5 15/12/2014 10 0.5036 2,919,000 2,000
Grenville Strategic Royalty Corp. (formerly, Troon Ventures Ltd.)
Common Shares Parry, Steven Elliott 4, 5 15/12/2014 10 0.5031 2,000
Grenville Strategic Royalty Corp. (formerly, Troon Ventures Ltd.)
Common Shares Parry, Steven Elliott 4, 5 15/12/2014 10 0.5031 2,921,000 2,000
Grenville Strategic Royalty Corp. (formerly, Troon Ventures Ltd.)
Common Shares Parry, Steven Elliott 4, 5 15/12/2014 10 0.5013 2,000
Grenville Strategic Royalty Corp. (formerly, Troon Ventures Ltd.)
Common Shares Parry, Steven Elliott 4, 5 15/12/2014 10 0.5013 2,923,000 2,000
Grenville Strategic Royalty Corp. (formerly, Troon Ventures Ltd.)
Common Shares Parry, Steven Elliott 4, 5 15/12/2014 10 0.4943 2,000
Grenville Strategic Royalty Corp. (formerly, Troon Ventures Ltd.)
Common Shares Parry, Steven Elliott 4, 5 15/12/2014 10 0.4943 2,925,000 2,000
Grenville Strategic Royalty Corp. (formerly, Troon Ventures Ltd.)
Common Shares Parry, Steven Elliott 4, 5 15/12/2014 10 0.5033 2,927,000 2,000
Grenville Strategic Royalty Corp. (formerly, Troon Ventures Ltd.)
Common Shares Parry, Steven Elliott 4, 5 16/12/2014 10 0.52 2,931,000 4,000
Grenville Strategic Royalty Corp. (formerly, Troon Ventures Ltd.)
Common Shares Parry, Steven Elliott 4, 5 16/12/2014 10 0.5122 2,933,000 2,000
Grenville Strategic Royalty Corp. (formerly, Troon Ventures Ltd.)
Common Shares Parry, Steven Elliott 4, 5 16/12/2014 10 0.5208 2,935,000 2,000
Grenville Strategic Royalty Corp. (formerly, Troon Ventures Ltd.)
Common Shares Tharp, William Raymond 4, 5 12/12/2014 10 0.57 57,000 13,000
Grenville Strategic Royalty Corp. (formerly, Troon Ventures Ltd.)
Common Shares Tharp, William Raymond 4, 5 12/12/2014 10 0.58 58,000 1,000
Groundstar Resources Limited
Common Shares Hammons, Dale 4 19/12/2014 10 0.093 1,955,778 100,000
Guyana Goldfields Inc. Options Caldwell, Scott Andrew 4 19/12/2014 50 2.64 1,500,000 650,000
Guyana Goldfields Inc. Options Ferry, Alan 4 19/12/2014 50 2.64 340,000 50,000
Guyana Goldfields Inc. Options Marion, Rene Luis Joseph 4 19/12/2014 50 2.64 150,000 50,000
Guyana Goldfields Inc. Options Murphy, Paul 5 19/12/2014 50 2.64 1,150,000 350,000
Guyana Goldfields Inc. Options Richings, Michael 4 19/12/2014 50 2.64 150,000 50,000
Guyana Goldfields Inc. Options Sheridan, Patrick John 4 19/12/2014 50 2.64 1,850,000 650,000
Hamilton Thorne Ltd. (formerly Calotto Capital Inc.)
Common Shares Wolf, David 4, 5 17/12/2014 51 0.05 892,865 31,250
Hamilton Thorne Ltd. (formerly Calotto Capital Inc.)
Common Shares Wolf, David 4, 5 17/12/2014 47 862,865 -30,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11576
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Hamilton Thorne Ltd. (formerly Calotto Capital Inc.)
Options Wolf, David 4, 5 17/12/2014 51 0.25 1,890,356 -31,250
Hammond Power Solutions Inc.
Common Shares Class A HAMMOND, BILL 6 08/12/2014 10 5.9 1,049,857 5,000
Hanfeng Evergreen Inc. Common Shares 2089259 Ontario Limited 3 28/12/2012 90 0 -12,059,000
Hanfeng Evergreen Inc. Common Shares Agrium Inc. 3 18/04/2007 00
Hanfeng Evergreen Inc. Common Shares Agrium Inc. 3 28/12/2012 90 12,059,000 12,059,000
Hanfeng Evergreen Inc. Common Shares Agrium Inc. 3 24/11/2014 47 -12,059,000
Hanfeng Evergreen Inc. Common Shares Agrium Inc. 3 08/12/2014 47 0 -12,059,000
Happy Creek Minerals Ltd. Common Shares Cathro, Michael 4 16/12/2014 10 0.1 123,500 8,000
Helix BioPharma Corp. Options orlowski, marek jan 4 26/03/2012 00
Helix BioPharma Corp. Options orlowski, marek jan 4 01/11/2013 50 50,000 50,000
High Arctic Energy Services Inc.
Common Shares Braun, John Timothy 5 12/12/2014 10 3.3892 10,000
High Arctic Energy Services Inc.
Common Shares Braun, John Timothy 5 12/12/2014 10 3.3892 10,000
High Arctic Energy Services Inc.
Common Shares Braun, John Timothy 5 12/12/2014 10 3.3866 16,000
High Arctic Energy Services Inc.
Common Shares Braun, John Timothy 5 12/12/2014 10 3.3866 66,000 16,000
High Arctic Energy Services Inc.
Common Shares Braun, John Timothy 5 16/12/2014 10 3.4613 70,000 4,000
High Arctic Energy Services Inc.
Common Shares Braun, John Timothy 5 17/12/2014 10 3.412 80,000 10,000
High Liner Foods Incorporated
Common Shares High Liner Foods Incorporated
1 12/12/2014 38 22.183 3,200 3,200
High Liner Foods Incorporated
Common Shares High Liner Foods Incorporated
1 12/12/2014 38 22.183 0 -3,200
High Liner Foods Incorporated
Common Shares High Liner Foods Incorporated
1 15/12/2014 38 21.3 2,000 2,000
High Liner Foods Incorporated
Common Shares High Liner Foods Incorporated
1 15/12/2014 38 21.3 0 -2,000
High Liner Foods Incorporated
Common Shares High Liner Foods Incorporated
1 16/12/2014 38 21.405 3,000 3,000
High Liner Foods Incorporated
Common Shares High Liner Foods Incorporated
1 16/12/2014 38 21.405 0 -3,000
High Liner Foods Incorporated
Common Shares High Liner Foods Incorporated
1 17/12/2014 38 21.25 1,000 1,000
High Liner Foods Incorporated
Common Shares High Liner Foods Incorporated
1 17/12/2014 38 21.25 0 -1,000
High Liner Foods Incorporated
Common Shares High Liner Foods Incorporated
1 18/12/2014 38 21.601 2,700 2,700
High Liner Foods Incorporated
Common Shares High Liner Foods Incorporated
1 18/12/2014 38 21.601 0 -2,700
High Liner Foods Incorporated
Options Marino, Mario 5 18/12/2014 59 8.25 22,198 -5,600
High Liner Foods Incorporated
Options Marino, Mario 5 18/12/2014 59 9.39 14,446 -7,752
High Liner Foods Incorporated
Options Marino, Mario 5 18/12/2014 59 9.44 14,294 -152
Holloway Lodging Corporation
Options Vaeth, Jordan 5 11/08/2014 00
Holloway Lodging Corporation
Options Vaeth, Jordan 5 16/12/2014 50 6.37 15,000 15,000
Home Capital Group Inc. Options Ahlvik, Christer 5 11/12/2014 50 15,956 2,956
Home Capital Group Inc. Rights Restricted Share Units
Ahlvik, Christer 5 11/12/2014 56 1,474 1,195
Home Capital Group Inc. Options Blowes, Robert 5 11/12/2014 50 55,060 15,060
Home Capital Group Inc. Rights Performance Share Units
Blowes, Robert 5 11/12/2014 56 5,243 4,119
Home Capital Group Inc. Options Copperthwaite, Stephen 5 11/12/2014 50 14,198 2,698
Home Capital Group Inc. Rights Restricted Share Units
Copperthwaite, Stephen 5 11/12/2014 56 1,314 1,091
Home Capital Group Inc. Options Decina, Pino 5 11/12/2014 50 47,000 22,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11577
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Home Capital Group Inc. Rights Performance Share Units
Decina, Pino 5 11/12/2014 56 7,960 6,018
Home Capital Group Inc. Options Ferguson, Carol 5 11/12/2014 50 17,143 2,143
Home Capital Group Inc. Rights Restricted Share Units
Ferguson, Carol 5 07/05/2014 00
Home Capital Group Inc. Rights Restricted Share Units
Ferguson, Carol 5 11/12/2014 56 866 866
Home Capital Group Inc. Options Harry, John Roberts Komar 5 11/12/2014 50 34,548 6,548
Home Capital Group Inc. Rights Restricted Share Units
Harry, John Roberts Komar 5 11/12/2014 56 4,338 2,646
Home Capital Group Inc. Options Holland, Marie 5 11/12/2014 50 26,163 2,163
Home Capital Group Inc. Rights Restricted Share Units
Holland, Marie 5 16/05/2012 00
Home Capital Group Inc. Rights Restricted Share Units
Holland, Marie 5 11/12/2014 56 874 874
Home Capital Group Inc. Options Hong, John 5 11/12/2014 50 25,381 2,381
Home Capital Group Inc. Rights Restricted Share Units
Hong, John 5 11/12/2014 56 1,071 962
Home Capital Group Inc. Common Shares Marsh, John M. 4 15/12/2014 90 43.51 216,401 7,175
Home Capital Group Inc. Common Shares Marsh, John M. 4 15/12/2014 90 43.51 217,796 1,395
Home Capital Group Inc. Common Shares Marsh, John M. 4 15/12/2014 90 43.51 39,509 -1,395
Home Capital Group Inc. Common Shares Marsh, John M. 4 15/12/2014 90 43.51 148,435 -7,175
Home Capital Group Inc. Options Mosko, Brian Robert 5 11/12/2014 50 49,561 24,561
Home Capital Group Inc. Rights Performance Share Units
Mosko, Brian Robert 5 11/12/2014 56 9,113 6,719
Home Capital Group Inc. Options Novak, David 5 11/12/2014 50 26,885 1,885
Home Capital Group Inc. Rights Restricted Share Units
Novak, David 5 31/07/2013 00
Home Capital Group Inc. Rights Restricted Share Units
Novak, David 5 11/12/2014 56 762 762
Home Capital Group Inc. Options Parker, Gregory 5 11/12/2014 50 19,452 5,952
Home Capital Group Inc. Rights Restricted Share Units
Parker, Gregory 5 11/12/2014 56 3,312 2,406
Home Capital Group Inc. Options Rawhani, Fariba 5 11/12/2014 50 19,444 4,444
Home Capital Group Inc. Rights Restricted Share Units
Rawhani, Fariba 5 11/12/2014 56 1,849 1,796
Home Capital Group Inc. Options Reid, Martin 5 11/12/2014 50 224,412 54,412
Home Capital Group Inc. Rights Performance Share Units
Reid, Martin 5 11/12/2014 56 21,315 14,337
Home Capital Group Inc. Options Soloway, Gerald M. 4, 5 11/12/2014 50 216,890 66,890
Home Capital Group Inc. Rights Performance Share Units
Soloway, Gerald M. 4, 5 11/12/2014 56 46.76 18,297
Home Capital Group Inc. Rights Performance Share Units
Soloway, Gerald M. 4, 5 11/12/2014 56 40,666 18,297
Homeland Uranium Inc. (operates as Western Uranium)
Common Shares Beckett, Catherine 5 15/12/2014 37 0 -3,000,000
Homeland Uranium Inc. (operates as Western Uranium)
Common Shares Beckett, Catherine 5 15/12/2014 37 3,750 3,750
Homeland Uranium Inc. (operates as Western Uranium)
Options Employee Beckett, Catherine 5 20/11/2014 38 0 -500,000
Homeland Uranium Inc. (operates as Western Uranium)
Common Shares Fryer, Russell 4 15/12/2014 37 953,000,000 -953,000,000
Homeland Uranium Inc. (operates as Western Uranium)
Common Shares Fryer, Russell 4 15/12/2014 37 0 -953,000,000
Homeland Uranium Inc. (operates as Western Uranium)
Common Shares Fryer, Russell 4 15/12/2014 37 4,730,000 4,730,000
Homeland Uranium Inc. (operates as Western Uranium)
Common Shares Fryer, Russell 4 15/12/2014 37 939,000,000 -939,000,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11578
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Homeland Uranium Inc. (operates as Western Uranium)
Common Shares Fryer, Russell 4 15/12/2014 37 0 -939,000,000
Homeland Uranium Inc. (operates as Western Uranium)
Common Shares Glasier, George Edwin Lee 4, 5 15/12/2014 37 968,000,000 -968,000,000
Homeland Uranium Inc. (operates as Western Uranium)
Common Shares Glasier, George Edwin Lee 4, 5 15/12/2014 37 0 -968,000,000
Homeland Uranium Inc. (operates as Western Uranium)
Common Shares Glasier, George Edwin Lee 4, 5 15/12/2014 37 4,840,000 4,840,000
Homeland Uranium Inc. (operates as Western Uranium)
Common Shares Glasier, George Edwin Lee 4, 5 15/12/2014 37 968,000,000 -968,000,000
Homeland Uranium Inc. (operates as Western Uranium)
Common Shares Glasier, George Edwin Lee 4, 5 15/12/2014 37 0 -968,000,000
Horizon North Logistics Inc. Common Shares Newmark, Russell 4 12/12/2014 10 2.03 38,000
Horizon North Logistics Inc. Common Shares Newmark, Russell 4 15/12/2014 10 1.88 1,115,275 43,000
Horizon North Logistics Inc. Common Shares Newmark, Russell 4 12/12/2014 10 2.03 98,000 38,000
HRT Participações em Petróleo S.A.
Subscription Rights Franke, Milton Romeu 5 29/04/2011 00
HRT Participações em Petróleo S.A.
Subscription Rights Franke, Milton Romeu 5 23/11/2014 10 7.93 7,094 7,094
HRT Participações em Petróleo S.A.
Subscription Rights Franke, Milton Romeu 5 06/12/2014 10 7.71 7,268 174
Hudson's Bay Company Options Nordeen, Jon Kent 5 15/10/2014 00
Hudson's Bay Company Options Nordeen, Jon Kent 5 17/12/2014 50 23.58 7,812 7,812
Hudson's Bay Company Performance Share Units Nordeen, Jon Kent 5 15/10/2014 00
Hudson's Bay Company Performance Share Units Nordeen, Jon Kent 5 17/12/2014 56 23.58 1,060 1,060
Hudson's Bay Company Options Putnam, Ian Gilbert 5 17/12/2014 00
Hudson's Bay Company Options Putnam, Ian Gilbert 5 17/12/2014 50 23.58 267,260 267,260
HUMBOLDT CAPITAL CORPORATION
Common Shares Humboldt Capital Corporation
1 12/12/2014 10 1.05 2,500 2,500
HUMBOLDT CAPITAL CORPORATION
Common Shares Humboldt Capital Corporation
1 12/12/2014 38 1.05 0 -2,500
HUMBOLDT CAPITAL CORPORATION
Common Shares Humboldt Capital Corporation
1 19/12/2014 10 1.05 500 500
HUMBOLDT CAPITAL CORPORATION
Common Shares Humboldt Capital Corporation
1 19/12/2014 38 1.05 0 -500
HUSKY ENERGY INC. Options Gardner, David A 2 01/12/2014 00
HUSKY ENERGY INC. Options Gardner, David A 2 16/12/2014 50 40,000 40,000
HUSKY ENERGY INC. Performance Share Units Gardner, David A 2 01/12/2014 00
HUSKY ENERGY INC. Performance Share Units Gardner, David A 2 16/12/2014 56 12,000 12,000
HUSKY ENERGY INC. Performance Share Units Maclean, Malcolm 2 19/12/2014 59 22.47 61,970 -9,000
HUSKY ENERGY INC. Common Shares Manning, Terry James 7 01/04/2010 10 28.09 745 7
HUSKY ENERGY INC. Common Shares Manning, Terry James 7 01/04/2014 10 34.5 2,017 17
HUSKY ENERGY INC. Common Shares Manning, Terry James 7 07/07/2014 35 30.17 2,036 19
HUSKY ENERGY INC. Common Shares Manning, Terry James 7 09/07/2014 35 34.5 2,053 17
IAMGOLD Corporation Common Shares Hall, Richard James 4 15/12/2014 10 3.18 19,385 -4,900
IAMGOLD Corporation Common Shares Naik, Mahendra 4 15/12/2014 10 3.18 385,075 -13,500
IAMGOLD Corporation Common Shares Naik, Mahendra 4 16/12/2014 10 2.74 375,195 -9,880
IAMGOLD Corporation Common Shares Pugliese, William 4 15/12/2014 10 3.14 1,644,569 -100,000
IAMGOLD Corporation Common Shares Snider, Timothy Roy 4 18/12/2014 10 2.5009 103,326 99,600
IBI Group Inc. Common Shares Chowdhury, Ahmed Haleem 5 15/12/2014 00
IBI Group Inc. Common Shares Chowdhury, Ahmed Haleem 5 18/12/2014 10 1.55 625 625
IDM Mining Ltd. (Formerly Revolution Resources Corp.)
Common Shares McLeod, Robert John 5 16/12/2014 10 0.135 675,632 20,000
Ikkuma Resources Corp. Options Dales, Robert John 4 17/12/2014 50 156,963 25,000
Ikkuma Resources Corp. Options Dales, Robert John 4 18/12/2014 50 25,000
Ikkuma Resources Corp. Options de Freitas, Timothy 4, 5 17/12/2014 50 851,250 75,000
Ikkuma Resources Corp. Options Else, Dorothy Joan 5 17/12/2014 50 758,625 60,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11579
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Ikkuma Resources Corp. Options Feltham, Gregory Ronald 5 17/12/2014 50 494,700 60,000
Ikkuma Resources Corp. Options Gamba, Charle 4 17/12/2014 50 156,963 25,000
Ikkuma Resources Corp. Options Guinan, William Charles 4, 5 17/12/2014 50 156,963 25,000
Ikkuma Resources Corp. Options Guinan, William Charles 4, 5 18/12/2014 50 25,000
Ikkuma Resources Corp. Options Mannas, Kavanagh Tex 5 17/12/2014 50 494,700 60,000
Ikkuma Resources Corp. Options McLauchlin, Carrie 5 17/12/2014 50 758,625 60,000
Ikkuma Resources Corp. Options McLeod, Yvonne Margarita 5 17/12/2014 50 758,625 60,000
Imperial Metals Corporation Common Shares Imperial Metals Corporation 1 12/12/2014 38 8.2 4,159 4,000
Imperial Oil Limited Common Shares Imperial Oil Limited 1 18/12/2014 38 51.046 2,475 2,475
Imperial Oil Limited Common Shares Imperial Oil Limited 1 18/12/2014 38 51.046 0 -2,475
Imperial Oil Limited Common Shares Masschelin, Paul 5 17/12/2014 10 40.8 2,999 2,000
Inca One Gold Corp. Common Shares Moen, George Marius 4, 5 12/12/2014 10 0.19 2,498,960 1,000
Inca One Gold Corp. Common Shares Moen, George Marius 4, 5 16/12/2014 10 0.17 2,503,960 5,000
Inca One Gold Corp. Common Shares Moen, George Marius 4, 5 17/12/2014 10 0.185 2,508,960 5,000
Indexplus Income Fund Trust Units INDEXPLUS Income Fund 1 12/12/2014 38 12.18 32,744,910 3,200
Indexplus Income Fund Trust Units INDEXPLUS Income Fund 1 12/12/2014 38 13.53 35,672,665 2,927,755
Industrial Alliance Insurance and Financial Services inc.
Common Shares Charest, Yvon 4, 5 15/12/2014 10 41.972 116,932 1,740
Industrial Alliance Insurance and Financial Services inc.
Common Shares Morin, Danielle G. 4 15/12/2014 10 42.29 1,800 200
Industrial Alliance Insurance and Financial Services inc.
Common Shares Morin, Danielle G. 4 15/12/2014 10 42 2,000 200
Information Services Corporation
Class A Limited Voting Shares
Hamill, Peter 5 12/12/2014 00
Infrastructure Materials Corp. Common Shares Montgomery, Todd 3, 4 10/12/2014 10 0.03 300
Infrastructure Materials Corp. Common Shares Montgomery, Todd 3, 4 10/12/2014 10 0.03 66,883,224 10,000
InnVest Real Estate Investment Trust
Trust Units KingSett Real Estate Growth LP No. 5
3 10/12/2014 10 5.52 16,637,067 50,000
InnVest Real Estate Investment Trust
Trust Units KingSett Real Estate Growth LP No. 5
3 11/12/2014 10 5.49 16,647,567 10,500
InnVest Real Estate Investment Trust
Trust Units KingSett Real Estate Growth LP No. 5
3 16/12/2014 10 5.65 16,667,567 20,000
InnVest Real Estate Investment Trust
Trust Units Love, Jon E. 4 10/12/2014 10 5.52 16,637,067 50,000
InnVest Real Estate Investment Trust
Trust Units Love, Jon E. 4 11/12/2014 10 5.49 16,647,567 10,500
InnVest Real Estate Investment Trust
Trust Units Love, Jon E. 4 16/12/2014 10 5.65 16,667,567 20,000
Inovalis Real Estate Investment Trust
Units Zakuta, Michael Aaron 4 17/12/2014 10 9.1 82,500 10,000
Input Capital Corp. Common Shares Emsley & Associates (2002) Ltd.
3 17/07/2013 00
Input Capital Corp. Common Shares Emsley & Associates (2002) Ltd.
3 17/07/2013 00
Input Capital Corp. Common Shares Emsley, Doug 4, 6, 5 17/07/2013 00 10,210,526
Input Capital Corp. Common Shares Emsley, Doug 4, 6, 5 17/07/2013 00 368,420
Input Capital Corp. Common Shares Farquhar Family Trust 3 09/07/2014 10 2.3 36,745
Input Capital Corp. Common Shares Farquhar Family Trust 3 04/10/2013 00
Input Capital Corp. Common Shares Farquhar Family Trust 3 04/10/2013 00
Input Capital Corp. Common Shares Farquhar Family Trust 3 04/10/2013 00
Input Capital Corp. Common Shares Farquhar Family Trust 3 09/07/2014 10 2.3 36,745
Input Capital Corp. Common Shares Farquhar Family Trust 3 09/07/2014 10 2.3 36,745
Input Capital Corp. Common Shares Farquhar Holdings Ltd. 3 17/07/2013 00
Input Capital Corp. Common Shares Farquhar Holdings Ltd. 3 17/07/2013 00
Input Capital Corp. Common Shares Farquhar Holdings Ltd. 3 04/10/2013 10 1.6 10,625
Input Capital Corp. Common Shares Farquhar Holdings Ltd. 3 04/10/2013 10 1.6 10,625
Input Capital Corp. Common Shares Farquhar Holdings Ltd. 3 09/07/2014 10 2.3 36,745
Input Capital Corp. Common Shares Farquhar Holdings Ltd. 3 09/07/2014 10 2.3 36,745
Input Capital Corp. Common Shares Farquhar, Bradley Douglas 4, 6, 5 09/07/2014 10 2.3 1,800
Input Capital Corp. Common Shares Farquhar, Bradley Douglas 4, 6, 5 17/07/2013 00 10,210,526
Input Capital Corp. Common Shares Farquhar, Bradley Douglas 4, 6, 5 17/07/2013 00
Input Capital Corp. Common Shares Farquhar, Bradley Douglas 4, 6, 5 17/07/2013 00 52,630
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11580
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Input Capital Corp. Common Shares Farquhar, Bradley Douglas 4, 6, 5 04/10/2013 99 1.6 63,255 10,625
Input Capital Corp. Common Shares Farquhar, Bradley Douglas 4, 6, 5 09/07/2014 99 2.3 100,000 36,745
Input Capital Corp. Common Shares Farquhar, Bradley Douglas 4, 6, 5 17/07/2013 00
Input Capital Corp. Common Shares Farquhar, Bradley Douglas 4, 6, 5 09/07/2014 10 2.3 1,800 1,800
INSCAPE Corporation Options BULL, BARTLEY 3, 4 15/12/2014 51 2.12 30,000 -7,500
INSCAPE Corporation Options Horvath, Dezso Joseph 4 18/12/2014 51 2.12 52,500 -7,500
INSCAPE Corporation Options Horvath, Dezso Joseph 4 18/12/2014 51 2.12 60,000 7,500
Intact Financial Corporation Common Shares Tremblay, David 5 16/12/2014 00 5,252
Intact Financial Corporation Stock Incentives Tremblay, David 5 16/12/2014 00 2,824
Intact Financial Corporation Stock Incentives Tremblay, David 5 16/12/2014 00 1,885
INTEGRATED ASSET MANAGEMENT CORP.
Common Shares Robson, Philip Spencer 7 19/12/2014 10 0.81 123,005 5,000
International Tower Hill Mines Ltd.
Common Shares Tocqueville Asset Management, L.P.
3 10/12/2014 16 0.46 11,859,803 3,700,000
International Tower Hill Mines Ltd.
Common Shares Tocqueville Gold Fund 3 05/08/2013 00
International Tower Hill Mines Ltd.
Common Shares Tocqueville Gold Fund 3 05/08/2013 00
International Tower Hill Mines Ltd.
Common Shares Tocqueville Gold Fund 3 05/08/2013 00
International Tower Hill Mines Ltd.
Common Shares Tocqueville Gold Fund 3 10/12/2014 16 0.46 3,700,000
International Tower Hill Mines Ltd.
Common Shares Tocqueville Gold Fund 3 10/12/2014 16 0.46 3,700,000
International Tower Hill Mines Ltd.
Common Shares Tocqueville Gold Fund 3 10/12/2014 16 0.46 3,700,000
InterOil Corporation Rights Performance Share Units
Applegate, Geoffrey David 5 01/12/2014 56 6,767 4,142
InterRent Real Estate Investment Trust
Options Amirault, Paul 4 16/12/2014 50 25,000
InterRent Real Estate Investment Trust
Options Amirault, Paul 4 16/12/2014 50 75,000 25,000
InterRent Real Estate Investment Trust
Options Awrey, Brian 5 15/12/2014 51 2.13 62,000 -2,000
InterRent Real Estate Investment Trust
Options Awrey, Brian 5 16/12/2014 50 92,000 30,000
InterRent Real Estate Investment Trust
Trust Units Awrey, Brian 5 15/12/2014 51 2.13 39,804 2,000
InterRent Real Estate Investment Trust
Options Bouzanis, Paul 4 16/12/2014 50 50,000 25,000
InterRent Real Estate Investment Trust
Options Clancy, Michael Robert 5 16/12/2014 50 75,000 25,000
InterRent Real Estate Investment Trust
Options Drewniak, Osbert 5 16/12/2014 50 103,000 30,000
InterRent Real Estate Investment Trust
Options Leslie, Ronald A. 4 16/12/2014 50 75,000 25,000
InterRent Real Estate Investment Trust
Options Levinson, Jacie Sydney 4 16/12/2014 50 50,000 25,000
InterRent Real Estate Investment Trust
Instalment Receipts McGahan, Michael Darryl 4, 5 16/12/2014 10 5.81 700,000 100,000
InterRent Real Estate Investment Trust
Options McGahan, Michael Darryl 4, 5 16/12/2014 50 25,000
InterRent Real Estate Investment Trust
Options McGahan, Michael Darryl 4, 5 16/12/2014 50 25,000
InterRent Real Estate Investment Trust
Options McGahan, Michael Darryl 4, 5 16/12/2014 50 165,000 40,000
InterRent Real Estate Investment Trust
Options Millar, Curt 5 16/12/2014 50 155,000 30,000
Intertape Polymer Group Inc. Common Shares Carpenter, Jim Bob 5 17/12/2014 51 2.19 59,431 8,750
Intertape Polymer Group Inc. Common Shares Carpenter, Jim Bob 5 17/12/2014 10 18.87 50,681 -8,750
Intertape Polymer Group Inc. Options Carpenter, Jim Bob 5 17/12/2014 51 2.19 77,500 -8,750
Intertape Polymer Group Inc. Rights SARs Yull, Gregory 4, 5 18/12/2014 59 7.56 250,452 -250,453
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.27 557,045 -300
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.28 554,645 -2,400
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.29 553,645 -1,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11581
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.3 552,945 -700
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.31 551,345 -1,600
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.32 550,245 -1,100
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.33 549,845 -400
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.34 549,745 -100
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.37 549,445 -300
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.38 548,445 -1,000
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.39 548,345 -100
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.41 548,245 -100
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.45 548,145 -100
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.46 545,445 -2,700
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.47 539,945 -5,500
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.48 538,545 -1,400
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.49 537,445 -1,100
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.5 536,445 -1,000
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.51 536,045 -400
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.52 535,745 -300
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.53 534,745 -1,000
Intertape Polymer Group Inc. Common Shares Yull, Melbourne F. 4 18/12/2014 10 19.55 534,645 -100
Intrepid Mines Limited Ordinary Shares McMaster, Ian Melville 4 15/12/2014 46 0.1237 827,350 6,250
Intrepid Mines Limited Ordinary Shares Roberts, Alan Norman 4 15/12/2014 46 0.1237 573,938 4,250
IOU Financial Inc. Common Shares The Marleau Capital Corporation Inc.
3 17/12/2014 11 0.41 2,150,933 61,462
Iplayco Corporation Ltd. Common Shares Aquila, Franco 6 18/12/2014 10 1.15 1,159,728 10,000
Iplayco Corporation Ltd. Common Shares Aquila, Franco 6 19/12/2014 10 1.15 1,160,728 1,000
Iplayco Corporation Ltd. Common Shares Williams, Thomas Craig 4 10/12/2014 10 1.15 19,400 100
Iplayco Corporation Ltd. Common Shares Williams, Thomas Craig 4 15/12/2014 10 1.15 20,000 600
Jadela Oil Corp. Common Shares Leia, Gregory 4, 5 15/12/2014 10 1,448,500 5,000
Jadela Oil Corp. Common Shares Leia, Gregory 4, 5 16/12/2014 10 1,654,936 206,436
Jadela Oil Corp. Common Shares Leia, Gregory 4, 5 17/12/2014 10 1,689,936 35,000
Jadela Oil Corp. Common Shares Leia, Gregory 4, 5 18/12/2014 10 1,732,636 42,700
Jadela Oil Corp. Common Shares Leia, Gregory 4, 5 18/12/2014 10 1,695,000 45,000
James Bay Resources Limited
Common Shares Shefsky, Stephen 3, 4, 5 14/07/2008 00
James Bay Resources Limited
Common Shares Shefsky, Stephen 3, 4, 5 12/12/2014 90 0.25 500,000 500,000
James Bay Resources Limited
Common Shares Shefsky, Stephen 3, 4, 5 12/12/2014 90 0.25 960,766 -500,000
Jericho Oil Corporation (fka Dakar Resource Corp.)
Common Shares Wilson, Allen William 4 17/12/2014 10 0.44 1,676,108 1,500
Jericho Oil Corporation (fka Dakar Resource Corp.)
Common Shares Wilson, Allen William 4 18/12/2014 10 0.4 1,683,108 7,000
Jourdan Resources Inc. Common Shares Dehn, Michael Alexander 4, 5 19/12/2014 10 0.04 5,751,100 10,000
Journey Energy Inc. Common Shares Verge, Alexander G. 4, 5 15/12/2014 10 3.8 196,400 1,400
Journey Energy Inc. Common Shares Verge, Alexander G. 4, 5 17/12/2014 10 4.2 236,400 40,000
Jura Energy Corporation Common Shares Smith, Stephen Christopher 4 12/12/2014 10 0.24 1,171,000 2,000
Jura Energy Corporation Common Shares Smith, Stephen Christopher 4 16/12/2014 10 0.275 1,171,500 500
Jura Energy Corporation Common Shares Smith, Stephen Christopher 4 16/12/2014 10 0.28 1,172,500 1,000
Jura Energy Corporation Common Shares Smith, Stephen Christopher 4 16/12/2014 10 0.29 1,173,500 1,000
Jura Energy Corporation Common Shares Smith, Stephen Christopher 4 16/12/2014 10 0.3 1,177,500 4,000
Just Energy Group Inc. Common Shares Joyce, Ron 3 20/11/2013 00 1,160
Just Energy Group Inc. Common Shares Joyce, Ron 3 16/12/2014 10 5.34 0 -1,160
Just Energy Group Inc. Common Shares Joyce, Ron 3 16/12/2014 10 5.25 18,150,548 -100,000
Just Energy Group Inc. Common Shares Joyce, Ron 3 16/12/2014 10 5.3015 18,050,548 -100,000
Just Energy Group Inc. Common Shares Joyce, Ron 3 16/12/2014 10 5.3 17,800,548 -250,000
Just Energy Group Inc. Common Shares Pattison, James A. 3 16/12/2014 10 5.3053 16,689,795 1,140,895
Just Energy Group Inc. Common Shares Pattison, James A. 3 19/12/2014 10 5.7235 17,140,900 451,105
Just Energy Group Inc. Common Shares THOMPSON, IVAN 5 15/12/2014 10 4.7 9,345 -2,600
Kapuskasing Gold Corp. Common Shares Clark, James Garnet (Garry) 4 17/12/2014 11 0.075 566,560 133,280
Kapuskasing Gold Corp. Warrants Clark, James Garnet (Garry) 4 17/12/2014 11 0.1 366,560 133,280
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11582
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Kelt Exploration Ltd. Options Dales, Robert John 4 15/12/2014 50 108,000 33,000
Kelt Exploration Ltd. Options Errico, Douglas Jeffery 5 15/12/2014 50 7.08 266,000 66,000
Kelt Exploration Ltd. Options Franks, Alan G. 5 15/12/2014 50 7.08 266,000 66,000
Kelt Exploration Ltd. Options Guinan, William Charles 4, 5 15/12/2014 50 133,000 33,000
Kelt Exploration Ltd. Common Shares Lalani, Sadiq 5 30/09/2014 30 12.18 945 48
Kelt Exploration Ltd. Common Shares Lalani, Sadiq 5 15/10/2014 30 9.75 1,005 60
Kelt Exploration Ltd. Common Shares Lalani, Sadiq 5 31/10/2014 30 9.42 1,067 62
Kelt Exploration Ltd. Common Shares Lalani, Sadiq 5 17/11/2014 30 9.79 1,126 59
Kelt Exploration Ltd. Common Shares Lalani, Sadiq 5 01/12/2014 30 7.87 1,200 74
Kelt Exploration Ltd. Options Lalani, Sadiq 5 15/12/2014 50 7.08 312,000 77,000
Kelt Exploration Ltd. Options MacArthur, Douglas Owen 5 15/12/2014 50 7.08 266,000 66,000
Kelt Exploration Ltd. Common Shares McIntyre, Eldon Angus 4 18/12/2014 11 7.89 4,432,525 5,000
Kelt Exploration Ltd. Options McIntyre, Eldon Angus 4 15/12/2014 50 133,000 33,000
Kelt Exploration Ltd. Options Miles, Patrick William George
5 15/12/2014 50 7.08 66,000
Kelt Exploration Ltd. Options Miles, Patrick William George
5 15/12/2014 50 7.08 266,000 66,000
Kelt Exploration Ltd. Options Sinclair, Neil Graham 4 15/12/2014 50 133,000 33,000
Kelt Exploration Ltd. Common Shares Wilson, David John 3, 4, 5 26/02/2013 00
Kelt Exploration Ltd. Common Shares Wilson, David John 3, 4, 5 16/12/2014 10 7.1813 14,000 14,000
Kelt Exploration Ltd. Common Shares Wilson, David John 3, 4, 5 16/12/2014 10 7.3513 885,988 62,500
Kelt Exploration Ltd. Common Shares Wilson, David John 3, 4, 5 16/12/2014 10 7.3513 784,167 272,000
Kelt Exploration Ltd. Options Wilson, David John 3, 4, 5 15/12/2014 50 7.08 312,000 77,000
Khalkos Exploration Inc. Common Shares Gagnon, Robert 4, 5 17/12/2014 40 0.105 -500,000
Khalkos Exploration Inc. Common Shares Gagnon, Robert 4, 5 17/12/2014 10 0.105 1,158,666 -500,000
Kicking Horse Energy Inc. Common Shares Kwasnicia, Randy 4 19/12/2014 00 851,122
Kicking Horse Energy Inc. Common Shares Kwasnicia, Randy 4 19/12/2014 00 6,450
Kicking Horse Energy Inc. Common Shares Kwasnicia, Randy 4 19/12/2014 00 5,340
Kicking Horse Energy Inc. Options Kwasnicia, Randy 4 19/12/2014 00 156,000
Kicking Horse Energy Inc. Common Shares Watt, Colin David 4 19/12/2014 00 441,763
Kicking Horse Energy Inc. Options Watt, Colin David 4 19/12/2014 00 162,000
Killam Properties Inc. Common Shares Banks, Timothy 4 18/12/2014 57 10.13 126,901 416
Killam Properties Inc. Rights RSU Banks, Timothy 4 18/12/2014 57 13,430 -791
Killam Properties Inc. Common Shares Buckle-McIntosh, Ruth Mary 5 19/12/2014 57 10.13 14,388 328
Killam Properties Inc. Rights RSU Buckle-McIntosh, Ruth Mary 5 19/12/2014 57 5,819 -657
Killam Properties Inc. Common Shares Crowell, Pamela Florence 5 17/12/2014 57 10.08 24,628 584
Killam Properties Inc. Rights RSU Crowell, Pamela Florence 5 17/12/2014 57 5,507 -584
Killam Properties Inc. Common Shares Jackson, Jeremy Winston 5 18/12/2014 51 8.16 3,250 3,250
Killam Properties Inc. Common Shares Jackson, Jeremy Winston 5 18/12/2014 10 10.08 0 -3,250
Killam Properties Inc. Common Shares Jackson, Jeremy Winston 5 17/12/2014 57 10.08 4,917 306
Killam Properties Inc. Options Jackson, Jeremy Winston 5 17/12/2014 51 8.16 0 -3,250
Killam Properties Inc. Rights RSU Jackson, Jeremy Winston 5 17/12/2014 57 -612
Killam Properties Inc. Rights RSU Jackson, Jeremy Winston 5 17/12/2014 57 -612
Killam Properties Inc. Rights RSU Jackson, Jeremy Winston 5 17/12/2014 57 -612
Killam Properties Inc. Rights RSU Jackson, Jeremy Winston 5 17/12/2014 57 -612
Killam Properties Inc. Rights RSU Jackson, Jeremy Winston 5 17/12/2014 57 -612
Killam Properties Inc. Rights RSU Jackson, Jeremy Winston 5 17/12/2014 57 -612
Killam Properties Inc. Rights RSU Jackson, Jeremy Winston 5 17/12/2014 57 4,741 -612
Killam Properties Inc. Common Shares Lloyd, Arthur G. 4 18/12/2014 57 10.13 116,690 387
Killam Properties Inc. Rights RSU Lloyd, Arthur G. 4 18/12/2014 57 11,487 -636
Killam Properties Inc. Common Shares McLean, Mike 5 17/12/2014 57 10.08 8,784 284
Killam Properties Inc. Rights RSU McLean, Mike 5 17/12/2014 57 4,962 -568
Killam Properties Inc. Common Shares Noseworthy, Dale 5 17/12/2014 57 10.08 2,696 256
Killam Properties Inc. Rights RSU Noseworthy, Dale 5 17/12/2014 57 4,919 -513
Killam Properties Inc. Common Shares WALT, MANFRED 4 18/12/2014 57 10.13 314,965 712
Killam Properties Inc. Rights RSU WALT, MANFRED 4 18/12/2014 57 12,574 -712
Killam Properties Inc. Common Shares Watson, Wayne 4 18/12/2014 57 10.13 82,095 127
Killam Properties Inc. Rights RSU Watson, Wayne 4 18/12/2014 57 4,337 -254
Kinaxis Inc. Common Shares Colbeth, Douglas Proctor 4, 5 10/12/2014 57 816,667 16,667
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11583
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Kinaxis Inc. Rights Restricted Share Units
Colbeth, Douglas Proctor 4, 5 10/12/2014 57 33,333 -16,667
Kinaxis Inc. Common Shares HarbourVest Partners, LLC 3 16/12/2014 15 18.35 2,053,807 -968,532
Kinaxis Inc. Common Shares Monkman, Richard George 5 10/12/2014 57 203,534 10,000
Kinaxis Inc. Rights Restricted Share Units
Monkman, Richard George 5 10/12/2014 57 20,000 -10,000
Kinaxis Inc. Common Shares TurnCap Inc. 3 16/12/2014 15 18.35 3,247,530 -1,531,468
Kingsway Financial Services Inc.
Common Shares Baqar, Hassan Raza 5 18/12/2014 10 5.5996 27,390 126
Kingsway Financial Services Inc.
Common Shares Hickey, William A. 5 18/12/2014 10 5.5996 53,944 266
Kingsway Financial Services Inc.
Common Shares Swets, Jr., Larry Gene 4, 5 18/12/2014 10 5.5996 661,017 372
Klondex Mines Ltd. Common Shares Hall, Richard James 4, 5 17/12/2014 10 1.84 63,700 9,700
Klondex Mines Ltd. Common Shares Hall, Richard James 4, 5 17/12/2014 10 1.85 67,500 3,800
Klondex Mines Ltd. Common Shares The K2 Principal Fund L.P. 3 10/12/2014 10 1.9534 14,234,458 -37,200
Knight Therapeutics Inc. Common Shares Goodman, Jonathan 7 15/12/2014 30 6.78 253,974 1,474
Knight Therapeutics Inc. Common Shares Kadanoff, Jeffrey Lorne 5 15/12/2014 30 6.78 130,497 497
Knight Therapeutics Inc. Common Shares Rosen, Hillel Warren 4 15/12/2014 30 6.78 5,737 737
Knight Therapeutics Inc. Common Shares Tendler, Sylvie 4 25/08/2014 00
Knight Therapeutics Inc. Common Shares Tendler, Sylvie 4 15/12/2014 30 6.78 1,474 1,474
Kobex Capital Corp. Common Shares van Eeden, Paul Pieter 4 15/12/2014 10 0.5278 741,500 120,500
Kobex Capital Corp. Common Shares van Eeden, Paul Pieter 4 16/12/2014 10 0.52 753,000 11,500
Kobex Capital Corp. Common Shares van Eeden, Paul Pieter 4 18/12/2014 10 0.5 767,000 14,000
Kombat Copper Inc. Common Shares Hoffman, Michael 4 19/12/2014 10 0.045 950,000 150,000
Lachlan Star Limited Options Drobeck, Peter Alan 4 27/11/2014 50 0.125 300,000 150,000
Lake Shore Gold Corp. Common Shares Hibbard, Ingrid Jo-Ann 4 15/12/2014 00 17,300
Lake Shore Gold Corp. Rights Deferred Share Units
Hibbard, Ingrid Jo-Ann 4 15/12/2014 00
Lake Shore Gold Corp. Rights Deferred Share Units
Hibbard, Ingrid Jo-Ann 4 15/12/2014 56 56,009 56,009
LAURENTIAN BANK OF CANADA
Unités d'actions différées Bastarache, Lise 4 12/12/2014 35 49.5 2,988 31
LAURENTIAN BANK OF CANADA
Unités d'actions différées Bazin, Jean 4 12/12/2014 35 49.5 1,174 12
LAURENTIAN BANK OF CANADA
Unités d'actions différées Bélanger, Richard 4 12/12/2014 35 49.5 768 8
LAURENTIAN BANK OF CANADA
Unités d'actions différées Boychuk, Michael T. 4 12/12/2014 35 49.5 2,252 23
LAURENTIAN BANK OF CANADA
Unités d'actions différées Boychuk, Michael T. 4 12/12/2014 56 49.499 2,631 379
LAURENTIAN BANK OF CANADA
Unités d'actions différées Courville, Isabelle 4 12/12/2014 35 49.5 6,119 63
LAURENTIAN BANK OF CANADA
Unités d'actions différées Genest, Pierre 4 12/12/2014 35 49.5 768 8
LAURENTIAN BANK OF CANADA
Unités d'actions différées Labonté, Michel 4 12/12/2014 35 49.5 4,617 48
LAURENTIAN BANK OF CANADA
Unités d'actions différées Labonté, Michel 4 12/12/2014 56 49.499 4,844 227
LAURENTIAN BANK OF CANADA
Unités d'actions différées Lavigne, A. Michel 4 12/12/2014 35 49.5 443 5
LAURENTIAN BANK OF CANADA
Unités d'actions différées Orange, Jacqueline C. 4 12/12/2014 35 49.5 768 8
LAURENTIAN BANK OF CANADA
Common Shares Savoy, Michelle Renee 4 16/12/2014 46 47.86 3,232 281
LAURENTIAN BANK OF CANADA
Unités d'actions différées Savoy, Michelle Renee 4 12/12/2014 35 49.5 1,621 17
LAURENTIAN BANK OF CANADA
Unités d'actions différées Savoy, Michelle Renee 4 12/12/2014 56 49.499 1,716 95
LAURENTIAN BANK OF CANADA
Common Shares Wener, Jonathan I. 4 16/12/2014 46 47.86 5,149 390
LAURENTIAN BANK OF CANADA
Unités d'actions différées Wener, Jonathan I. 4 12/12/2014 35 49.5 768 8
LAURENTIAN BANK OF CANADA
Unités d'actions différées Wolburgh Jenah, Susan 4 09/12/2014 00
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11584
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
LAURENTIAN BANK OF CANADA
Unités d'actions différées Wolburgh Jenah, Susan 4 12/12/2014 56 49.499 111 111
LE CHATEAU INC. Subordinate Voting Shares Class A shares
Del Ciancio, Johnny 5 16/12/2014 10 0.84 0 -7,000
Legumex Walker Inc. Common Shares Horn, Joel 5 16/12/2014 11 2.23 385,032 115,363
Leon's Furniture Limited Common Shares Scarangella, Dominic 5 15/12/2014 10 16.4 147,116 -300
Leon's Furniture Limited Common Shares Scarangella, Dominic 5 15/12/2014 10 16.352 141,329 -5,787
LEUCADIA FINANCE PARTNERS INC.
Common Shares Clifford, John Randolph 3 04/11/2014 37 500,000 -4,500,000
Lexaria Corp. Common Shares Bunka, Christopher 4, 5 16/12/2014 10 0.09 4,035,741 100,000
Lexaria Corp. Common Shares Bunka, Christopher 4, 5 17/12/2014 10 0.095 4,053,246 17,505
Lexaria Corp. Common Shares Bunka, Christopher 4, 5 17/12/2014 10 0.09 4,107,646 54,400
Lexaria Corp. Common Shares Bunka, Christopher 4, 5 17/12/2014 10 0.099 4,127,646 20,000
Lexaria Corp. Common Shares Bunka, Christopher 4, 5 18/12/2014 10 0.0891 4,155,446 27,800
Lexaria Corp. Common Shares Bunka, Christopher 4, 5 18/12/2014 10 0.0891 4,225,446 70,000
Lexaria Corp. Common Shares Bunka, Christopher 4, 5 19/12/2014 10 0.0875 4,269,958 44,512
Lexaria Corp. Common Shares Bunka, Christopher 4, 5 19/12/2014 10 0.1 4,294,958 25,000
Lexaria Corp. Common Shares Bunka, Christopher 4, 5 19/12/2014 10 0.115 4,319,958 25,000
Life & Banc Split Corp. Class A Shares Caranci, Mark A. 4, 5 11/12/2014 10 9.75 300 300
Life & Banc Split Corp. Class A Shares Caranci, Mark A. 4, 5 11/12/2014 10 9.79 875 575
Life & Banc Split Corp. Class A Shares Caranci, Mark A. 4, 5 11/12/2014 10 9.8 2,075 1,200
Life & Banc Split Corp. Class A Shares Caranci, Mark A. 4, 5 11/12/2014 10 9.83 2,175 100
Linamar Corporation Options Adams, John 5 16/12/2014 50 4,000
Linamar Corporation Options Adams, John 5 16/12/2014 50 16,000 4,000
Linamar Corporation Common Shares Boehler, Bradley John 5 15/12/2014 10 14.7 2,000 2,000
Linamar Corporation Options Boehler, Bradley John 5 15/12/2014 51 14.7 4,000 -2,000
Linamar Corporation Common Shares Chaves, Jose Manuel 5 16/12/2014 51 14.7 2,800 2,000
Linamar Corporation Options Chaves, Jose Manuel 5 16/12/2013 51 14.7 -2,000
Linamar Corporation Options Chaves, Jose Manuel 5 16/12/2013 51 14.7 -2,000
Linamar Corporation Options Chaves, Jose Manuel 5 16/12/2013 51 14.7 -2,000
Linamar Corporation Options Chaves, Jose Manuel 5 16/12/2014 51 14.7 -2,000
Linamar Corporation Options Chaves, Jose Manuel 5 16/12/2014 51 14.7 -2,000
Linamar Corporation Options Chaves, Jose Manuel 5 16/12/2014 51 14.7 6,000 -2,000
Linamar Corporation Common Shares McCulloch, Philip Andrew 5 01/07/2007 00
Linamar Corporation Common Shares McCulloch, Philip Andrew 5 04/04/2013 10 14.7 2,000 2,000
Linamar Corporation Common Shares McCulloch, Philip Andrew 5 06/05/2013 10 27.63 1,800 -200
Linamar Corporation Common Shares McCulloch, Philip Andrew 5 05/06/2013 10 27.765 1,300 -500
Linamar Corporation Common Shares McCulloch, Philip Andrew 5 05/06/2013 10 27.953 0 -1,300
Linamar Corporation Common Shares McCulloch, Philip Andrew 5 16/12/2014 10 14.7 2,000 2,000
Linamar Corporation Options McCulloch, Philip Andrew 5 01/07/2007 00
Linamar Corporation Options McCulloch, Philip Andrew 5 14/12/2011 50 14.7 10,000 10,000
Linamar Corporation Options McCulloch, Philip Andrew 5 04/04/2013 51 14.7 8,000 -2,000
Linamar Corporation Options McCulloch, Philip Andrew 5 16/12/2014 51 14.7 6,000 -2,000
Linamar Corporation Common Shares Merchant, Christopher John 5 17/12/2014 51 14.7 3,000 3,000
Linamar Corporation Common Shares Merchant, Christopher John 5 17/12/2014 10 65.94 0 -3,000
Linamar Corporation Options Merchant, Christopher John 5 17/12/2014 51 14.7 6,000 -3,000
Linamar Corporation Common Shares Rose, Roxanne Phyllis 5 15/12/2014 51 14.7 1,000 1,000
Linamar Corporation Options Rose, Roxanne Phyllis 5 15/12/2014 51 14.7 2,000 -1,000
Liquor Stores N.A. Ltd. Common Shares Bebis, Stephen 5 07/05/2013 00
Liquor Stores N.A. Ltd. Common Shares Bebis, Stephen 5 19/12/2014 15 14.65 30,000 30,000
Liquor Stores N.A. Ltd. Common Shares Collins, Gary 4 19/12/2014 15 14.65 5,000 5,000
Liquor Stores N.A. Ltd. Common Shares Dinning, James Francis 4 19/12/2014 15 14.65 19,211 2,500
Liquor Stores N.A. Ltd. Common Shares Green, Robert Steven 4 19/12/2014 15 14.65 27,900 7,500
Loblaw Companies Limited Preferred Shares Series A Gallagher, Paul Joseph 7 15/05/2008 00
Loblaw Companies Limited Preferred Shares Series A Gallagher, Paul Joseph 7 10/12/2014 10 25.85 300 300
Loblaw Companies Limited Preferred Shares Series A Gallagher, Paul Joseph 7 11/12/2014 10 25.85 500 200
Logistec Corporation Subordinate Voting Shares Class B
LOGISTEC CORPORATION
1 12/12/2014 38 38.66 4,500 300
Logistec Corporation Subordinate Voting Shares Class B
LOGISTEC CORPORATION
1 16/12/2014 38 38.501 5,200 700
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11585
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
LoneStar West Inc. Common Shares Prussky, David Martin 4 15/12/2014 10 2.07 32,500 10,000
Long Run Exploration Ltd. Common Shares ANDREW, WILLIAM E. 4, 5 17/12/2014 10 1.3971 558,527 140,921
Long Run Exploration Ltd. Common Shares Bushfield, Corine Renae Knight
5 17/12/2014 10 1.5 59,153 40,700
Long Run Exploration Ltd. Common Shares Bushfield, Corine Renae Knight
5 19/12/2014 10 1.65 84,153 25,000
Long Run Exploration Ltd. Common Shares MILLER, DALE A. 4, 5 17/12/2014 10 1.4 188,429 67,100
Lotus Ventures Inc. Common Shares Mathiesen, Gary Kenneth 5 28/11/2014 00
Lotus Ventures Inc. Common Shares Mathiesen, Gary Kenneth 5 28/11/2014 00
Lotus Ventures Inc. Options Mathiesen, Gary Kenneth 5 28/11/2014 00 150,000
Lotus Ventures Inc. Common Shares McClanaghan, Dale Bernard 4, 5 27/11/2014 00
Lotus Ventures Inc. Common Shares McClanaghan, Dale Bernard 4, 5 27/11/2014 00 2,500,000
Lumenpulse Inc. Rights DSU Belanger, Nicolas 3, 4 15/12/2014 56 16.5 4,260 985
Lumenpulse Inc. Rights DSU Côté, François 4 15/12/2014 56 16.5 4,718 1,091
Lumenpulse Inc. Rights DSU Fitzgibbon, Pierre 4 15/12/2014 56 16.5 2,358 545
Lumenpulse Inc. Rights DSU Larochelle, Pierre 4 15/12/2014 56 16.5 5,045 1,167
Lumenpulse Inc. Rights DSU Ringuet, Michel 4 15/12/2014 56 16.5 4,260 985
Lumenpulse Inc. Rights DSU Taillefer, Alexandre 4 15/12/2014 56 16.5 2,130 492
Lundin Gold Inc. Common Shares Kinross Gold Corporation 3 17/12/2014 00 26,156,250
Lundin Gold Inc. Common Shares McRae, Paul 4 12/12/2014 00 1,375
Lundin Gold Inc. Common Shares Zebra Holdings and Investments S.à.r.l.
3 17/12/2014 36 30,974,825 28,205,000
Lundin Gold Inc. Subscription Rights - Subscription Receipts
Zebra Holdings and Investments S.à.r.l.
3 17/12/2014 36 4 0 -28,205,000
Macusani Yellowcake Inc. Common Shares Disbrow, Robert 3 12/12/2014 90 8,870,757 -585,714
Macusani Yellowcake Inc. Warrants Disbrow, Robert 3 12/12/2014 90 2,642,857 -285,714
Macusani Yellowcake Inc. Options Ferry, Alan 3, 4 15/12/2014 52 0.25 1,300,000 -100,000
Magna International Inc. Common Shares Apfalter, Guenther Friedrich 5 15/12/2014 38 101.54 20,230 3,383
Magna International Inc. Rights Restricted Stock Units
Apfalter, Guenther Friedrich 5 15/12/2014 38 101.54 15,780 -3,383
Magna International Inc. Rights Restricted Stock Units
Apfalter, Guenther Friedrich 5 15/12/2014 38 101.54 12,398 -3,382
Magna International Inc. Common Shares Galifi, Vincent Joseph 5 15/12/2014 38 117.57 60,548 24,500
Magna International Inc. Rights Restricted Stock Units
Galifi, Vincent Joseph 5 15/12/2014 38 117.57 83,285 -24,500
Magna International Inc. Rights Restricted Stock Units
Galifi, Vincent Joseph 5 15/12/2014 38 117.57 59,242 -24,043
Magna International Inc. Common Shares Neeb, Marc Joseph 5 15/12/2014 38 117.57 15,187 3,675
Magna International Inc. Rights Restricted Stock Units
Neeb, Marc Joseph 5 15/12/2014 38 117.57 12,492 -3,675
Magna International Inc. Rights Restricted Stock Units
Neeb, Marc Joseph 5 15/12/2014 38 117.57 8,886 -3,606
Magna International Inc. Common Shares Palmer, Jeffrey Owen 5 15/12/2014 38 117.57 45,418 18,375
Magna International Inc. Rights Restricted Stock Units
Palmer, Jeffrey Owen 5 15/12/2014 38 117.57 62,463 -18,375
Magna International Inc. Rights Restricted Stock Units
Palmer, Jeffrey Owen 5 15/12/2014 38 117.57 44,431 -18,032
Magna International Inc. Common Shares Skudutis, Tommy Joseph 7, 5 15/12/2014 38 117.57 24,798 24,500
Magna International Inc. Rights Restricted Stock Units
Skudutis, Tommy Joseph 7, 5 15/12/2014 38 117.57 83,285 -24,500
Magna International Inc. Rights Restricted Stock Units
Skudutis, Tommy Joseph 7, 5 15/12/2014 38 117.57 59,242 -24,043
Magna International Inc. Common Shares Tobin, Sr., James Joseph 5 15/12/2014 38 101.54 25,084 9,576
Magna International Inc. Common Shares Tobin, Sr., James Joseph 5 16/12/2014 10 104.11 15,508 -9,576
Magna International Inc. Rights Restricted Stock Units
Tobin, Sr., James Joseph 5 15/12/2014 38 101.54 29,945 -9,576
Magna International Inc. Rights Restricted Stock Units
Tobin, Sr., James Joseph 5 15/12/2014 38 101.54 21,721 -8,224
Magna International Inc. Common Shares Walker, Donald James 4, 5 15/12/2014 38 117.57 179,114 61,250
Magna International Inc. Rights Restricted Stock Units
Walker, Donald James 4, 5 15/12/2014 38 117.57 208,213 -61,250
Magna International Inc. Rights Restricted Stock Units
Walker, Donald James 4, 5 15/12/2014 38 117.57 148,103 -60,110
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11586
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Magna International Inc. Common Shares Worrall, Lawrence 4 18/12/2014 51 35.98 11,814 10,000
Magna International Inc. Common Shares Worrall, Lawrence 4 18/12/2014 10 122.95 6,814 -5,000
Magna International Inc. Options Worrall, Lawrence 4 18/12/2014 51 35.98 0 -10,000
Mainstreet Equity Corp. Common Shares Dhillon, Karanveer 4 17/12/2014 10 34.744 172,100 -900
Mainstreet Equity Corp. Common Shares Dhillon, Karanveer 4 17/12/2014 10 34.74 171,700 -400
Malbex Resources Inc. Options Davis, Franklin Lorie 4 09/12/2014 52 683,333 -100,000
Maple Leaf Foods Inc. Common Shares Cappuccitti, Rocco 5 15/12/2014 10 18.215 25,940 -4,000
Maple Leaf Foods Inc. Common Shares Cappuccitti, Rocco 5 15/12/2014 10 18.15 23,000 -2,940
Maple Leaf Foods Inc. Common Shares Cappuccitti, Rocco 5 15/12/2014 10 18.25 20,000 -3,000
Maple Leaf Foods Inc. Common Shares Lan, Richard Allan 5 15/12/2014 10 18.006 160,000 -11,260
Maple Leaf Foods Inc. Common Shares Lan, Richard Allan 5 15/12/2014 10 18.003 155,000 -5,000
Maple Leaf Foods Inc. Common Shares Lan, Richard Allan 5 15/12/2014 10 18 150,000 -5,000
Maple Leaf Foods Inc. Common Shares Lan, Richard Allan 5 15/12/2014 10 18.002 145,000 -5,000
Maple Leaf Foods Inc. Common Shares Lan, Richard Allan 5 15/12/2014 10 18.005 140,000 -5,000
Maple Leaf Foods Inc. Common Shares Lan, Richard Allan 5 15/12/2014 10 18.035 135,000 -5,000
Maple Leaf Foods Inc. Common Shares Lan, Richard Allan 5 15/12/2014 10 18.042 130,000 -5,000
Maple Leaf Foods Inc. Common Shares Lan, Richard Allan 5 15/12/2014 10 18.008 125,000 -5,000
Maple Leaf Foods Inc. Common Shares Lan, Richard Allan 5 15/12/2014 10 17.977 115,000 -10,000
Maple Leaf Foods Inc. Common Shares Lan, Richard Allan 5 15/12/2014 10 18.087 105,000 -10,000
Maple Leaf Foods Inc. Common Shares Lan, Richard Allan 5 15/12/2014 10 18.001 100,000 -5,000
Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 15/12/2014 10 18.07 33,233 -46,100
Maple Leaf Royalties Corp. Common Shares Maple Leaf 2011 Energy Income Limited Partnership
3 16/12/2014 00
Maple Leaf Royalties Corp. Common Shares Maple Leaf 2011 Energy Income Limited Partnership
3 16/12/2014 00
Maple Leaf Royalties Corp. Common Shares Maple Leaf 2011 Energy Income Limited Partnership
3 16/12/2014 00
Maple Leaf Royalties Corp. Common Shares Maple Leaf 2011 Energy Income Limited Partnership
3 16/12/2014 00
Maple Leaf Royalties Corp. Common Shares Maple Leaf 2011 Energy Income Limited Partnership
3 16/12/2014 10 0.66 15,151,515
Maple Leaf Royalties Corp. Common Shares Maple Leaf 2011 Energy Income Limited Partnership
3 16/12/2014 10 0.66 15,151,515
Maple Leaf Royalties Corp. Common Shares Maple Leaf 2011 Energy Income Limited Partnership
3 16/12/2014 10 0.66 15,151,515 15,151,515
Marathon Gold Corporation Common Shares Dunsworth, Sheryl Mary 5 16/12/2014 10 0.3 281,900 20,000
Marathon Gold Corporation Common Shares Walford, Phillip Charles 4, 5 17/12/2014 10 0.286 1,443,000 2,500
Marathon Gold Corporation Common Shares Walford, Phillip Charles 4, 5 17/12/2014 10 0.3 1,453,000 10,000
Marathon Gold Corporation Common Shares Walford, Phillip Charles 4, 5 18/12/2014 10 0.3 1,460,500 7,500
Marathon Gold Corporation Warrants Walford, Phillip Charles 4, 5 12/12/2014 55 108,500 -55,000
Marquee Energy Ltd. Common Shares Thompson, Richard David 4, 5 12/12/2014 10 0.5 513,904 5,000
Matica Enterprises Inc. Common Shares Tong, Richard 5 18/12/2014 54 0.07 1,415,715 75,715
Matica Enterprises Inc. Warrants Tong, Richard 5 18/12/2014 11 0.07 1,075,715 -324,285
Matica Enterprises Inc. Warrants Tong, Richard 5 18/12/2014 54 0.07 1,000,000 -75,715
MAYA GOLD & SILVER INC. Common Shares Praetorian Resources Limited
3 12/12/2014 10 0.2251 14,703,000 50,000
MAYA GOLD & SILVER INC. Common Shares Praetorian Resources Limited
3 18/12/2014 10 0.214 14,753,000 50,000
MBN Corporation Units MBN Corporation 1 12/12/2014 38 5.1121 4,200 4,200
MBN Corporation Units MBN Corporation 1 12/12/2014 38 0 -4,200
MBN Corporation Units MBN Corporation 1 15/12/2014 38 5.075 400 400
MBN Corporation Units MBN Corporation 1 15/12/2014 38 0 -400
MBN Corporation Units MBN Corporation 1 16/12/2014 38 5.17 100 100
MBN Corporation Units MBN Corporation 1 16/12/2014 38 0 -100
MBN Corporation Units MBN Corporation 1 18/12/2014 38 5.18 100 100
MBN Corporation Units MBN Corporation 1 18/12/2014 38 0 -100
MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 04/07/2013 00
MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 07/08/2014 90 1,785 1,785
MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 18/08/2014 30 14.911 1,848 63
MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 03/09/2014 30 15.119 1,910 62
MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 16/09/2014 30 14.546 1,974 64
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11587
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 30/09/2014 30 13.79 2,012 38
MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 01/10/2014 30 14.351 2,078 66
MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 16/10/2014 30 13.977 2,145 67
MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 03/11/2014 30 14.88 2,208 63
MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 17/11/2014 30 14.59 2,272 64
MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 28/11/2014 30 14.834 2,336 64
MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 07/08/2014 90 0 -1,785
MCAN Mortgage Corporation Common Shares Cruise, Brydon 4 16/12/2014 10 14.32 95,550 7,000
MCAN Mortgage Corporation Common Shares Cruise, Brydon 4 17/12/2014 10 14.36 59,927 1,500
MCAN Mortgage Corporation Common Shares Doré, Raymond 3 15/12/2014 10 14.03 133,872 350
MCAN Mortgage Corporation Common Shares Doré, Raymond 3 15/12/2014 10 14.06 136,272 2,400
MCAN Mortgage Corporation Common Shares Doré, Raymond 3 09/04/2003 00
MCAN Mortgage Corporation Common Shares Doré, Raymond 3 17/12/2014 10 14.404 2,400 2,400
MCAN Mortgage Corporation Common Shares Doré, Susan 4 11/05/2010 00
MCAN Mortgage Corporation Common Shares Doré, Susan 4 16/12/2014 10 14.323 2,400 2,400
MCAN Mortgage Corporation Common Shares Sutherland, Ian 3, 4 11/12/2014 10 14.19 371,157 -4,700
MCAN Mortgage Corporation Common Shares Tyas, John 5 12/08/2014 97 0 -1,366
MCAN Mortgage Corporation Common Shares Tyas, John 5 04/11/2004 00
MCAN Mortgage Corporation Common Shares Tyas, John 5 12/08/2014 97 1,366 1,366
MCAN Mortgage Corporation Common Shares Tyas, John 5 18/08/2014 30 14.911 1,403 37
MCAN Mortgage Corporation Common Shares Tyas, John 5 03/09/2014 30 15.119 1,440 37
MCAN Mortgage Corporation Common Shares Tyas, John 5 16/09/2014 30 14.546 1,479 39
MCAN Mortgage Corporation Common Shares Tyas, John 5 30/09/2014 35 13.79 1,508 29
MCAN Mortgage Corporation Common Shares Tyas, John 5 01/10/2014 30 14.351 1,547 39
MCAN Mortgage Corporation Common Shares Tyas, John 5 16/10/2014 30 13.977 1,587 40
MCAN Mortgage Corporation Common Shares Tyas, John 5 03/11/2014 30 14.88 1,625 38
MCAN Mortgage Corporation Common Shares Tyas, John 5 17/11/2014 30 14.59 1,663 38
McChip Resources Inc Common Shares McCloskey, Richard Duncan 4, 5 12/12/2014 10 1.2 283,400 2,700
McChip Resources Inc Common Shares McCloskey, Richard Duncan 4, 5 16/12/2014 10 1.1711 300,700 17,300
Mediterranean Resources Ltd.
Options Abenante, Robert 4, 5 17/12/2014 50 710,000 710,000
Mediterranean Resources Ltd.
Options Ironside, Bruce Robert Michael
4 17/12/2014 50 100,000 100,000
Mediterranean Resources Ltd.
Options McArthur, Brigitte Monique 5 17/12/2014 50 150,000 150,000
Mediterranean Resources Ltd.
Options Pickett, Anthony Grahame 4 17/12/2014 50 100,000 100,000
Mediterranean Resources Ltd.
Options Wilson, Cedric 4 17/12/2014 50 100,000 100,000
MEG Energy Corp. Options BOYD, Grant William 5 13/12/2014 52 41 287,100 -59,999
Mega Precious Metals Inc. Common Shares Kuntz, Glen Nickolas 5 17/12/2014 10 0.04 198,666 50,000
Mega Uranium Ltd. Common Shares Johannson, Arni Thomas 4 15/12/2014 10 0.11 30,000 10,000
Melcor Real Estate Investment Trust
Class B Limited Partnership Units/Special Voting Trust Units
Melcor Developments Ltd. 3 18/12/2014 16 10.25 14,615,878 4,390,244
Melcor Real Estate Investment Trust
Trust Units Melton, Timothy Charles 6 01/05/2013 00
Melcor Real Estate Investment Trust
Trust Units Melton, Timothy Charles 6 10/12/2014 10 9.6 1,000 1,000
Melcor Real Estate Investment Trust
Trust Units Melton, Timothy Charles 6 10/12/2014 10 9.7 2,000 1,000
Melcor Real Estate Investment Trust
Trust Units Melton, Timothy Charles 6 11/12/2014 10 9.5 3,000 1,000
Melcor Real Estate Investment Trust
Trust Units Melton, Timothy Charles 6 18/12/2014 10 9.45 5,000 2,000
MGX Minerals Inc. Common Shares Copper Island Mines Limited
7 17/12/2014 10 270,500 10,000
MGX Minerals Inc. Common Shares Lazerson, Jared 4 17/12/2014 10 264,500 10,000
Middlefield Can-Global REIT Income Fund
Trust Units Middlefield Can-Global REIT Income Fund
1 15/12/2014 38 10.8 2,144,545 800
Middlefield Can-Global REIT Income Fund
Trust Units Middlefield Can-Global REIT Income Fund
1 16/12/2014 38 10.75 2,144,745 200
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11588
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Middlefield Can-Global REIT Income Fund
Trust Units Middlefield Can-Global REIT Income Fund
1 17/12/2014 38 10.65 2,145,545 800
Midland Exploration Inc. Options Masson, Mario 5 14/12/2014 52 1.4 180,000 -20,000
Midway Gold Corp. Options Zisch, William M. 5 10/12/2014 00
Midway Gold Corp. Options Zisch, William M. 5 10/12/2014 50 0.75 1,757,576 1,757,576
MINT Income Fund Trust Units Brasseur, Jeremy 6 10/12/2014 10 9.45 1,500 1,500
MINT Income Fund Trust Units Brasseur, Jeremy 6 11/12/2014 10 9.58 0 -1,500
MINT Income Fund Trust Units MINT Income Fund 1 12/12/2014 10 9.4 47,032,098 -100
MINT Income Fund Trust Units MINT Income Fund 1 15/12/2014 38 9.2592 47,038,098 6,000
MINT Income Fund Trust Units MINT Income Fund 1 16/12/2014 38 9.0862 47,040,998 2,900
MINT Income Fund Trust Units MINT Income Fund 1 18/12/2014 38 9.3119 47,043,698 2,700
Mira VI Acquisition Corp. Options Kupinsky, Jordan 3, 4 18/12/2014 50 375,000 375,000
Mira VI Acquisition Corp. Options Schmeichel, Ronald Dale 3, 4, 5 18/12/2014 50 500,000 500,000
Mira VI Acquisition Corp. Options Taylor, Kevin Robert 3, 4 18/12/2014 50 375,000 375,000
Moag Copper Gold Resources Inc.
Common Shares Jones, Bradley Leonard 3, 4, 5 15/12/2014 10 0.14 9,588,000 10,000
Monarques Resources Inc. Common Shares Baril, Michel 4 14/12/2014 15 0.13 343,002 40,000
Monarques Resources Inc. Warrants Baril, Michel 4 14/12/2014 15 0.18 50,000 40,000
Monarques Resources Inc. Common Shares Bouchard, Michel 4 15/12/2014 15 0.16 40,000 40,000
Monarques Resources Inc. Common Shares Bouchard, Michel 4 15/12/2014 15 0.13 52,304 12,304
Monarques Resources Inc. Warrants Bouchard, Michel 4 15/12/2014 15 0.18 26,152 26,152
Monarques Resources Inc. Common Shares Bourassa, guy georges 4, 6 15/12/2014 15 0.13 291,308 76,925
Monarques Resources Inc. Warrants Bourassa, guy georges 4, 6 15/12/2014 15 0.18 92,925 76,925
Monarques Resources Inc. Common Shares Janelle, Vincent 5 18/12/2014 10 0.105 122,000 11,000
Monarques Resources Inc. Common Shares Janelle, Vincent 5 18/12/2014 10 0.105 125,000 3,000
Monarques Resources Inc. Common Shares Janelle, Vincent 5 19/12/2014 10 0.09 128,000 3,000
Monarques Resources Inc. Common Shares Lacoste, Jean-Marc 4, 5 16/12/2014 10 0.115 3,135,500 15,500
Monarques Resources Inc. Common Shares Lacoste, Jean-Marc 4, 5 16/12/2014 10 0.12 3,148,000 12,500
Monarques Resources Inc. Common Shares Lacoste, Jean-Marc 4, 5 16/12/2014 10 0.125 3,150,000 2,000
Monarques Resources Inc. Common Shares Lacoste, Jean-Marc 4, 5 18/12/2014 10 0.1 3,157,500 7,500
Monarques Resources Inc. Common Shares Lacoste, Jean-Marc 4, 5 19/12/2014 10 0.115 3,159,000 1,500
Monarques Resources Inc. Common Shares Lacoste, Jean-Marc 4, 5 19/12/2014 10 0.11 3,160,000 1,000
Monarques Resources Inc. Common Shares Nadeau, Steve 5 15/12/2014 15 0.13 10,000 10,000
Monarques Resources Inc. Warrants Nadeau, Steve 5 12/07/2011 00
Monarques Resources Inc. Warrants Nadeau, Steve 5 15/12/2014 15 0.18 10,000 10,000
Monarques Resources Inc. Common Shares Pichette, Christian 4 15/12/2014 15 0.13 125,000 25,000
Monarques Resources Inc. Warrants Pichette, Christian 4 19/06/2014 00
Monarques Resources Inc. Warrants Pichette, Christian 4 15/12/2014 15 25,000 25,000
Moneda LatAm Growth Fund Units Class A Credit Suisse Securities (Canada), Inc.
3 15/12/2014 38 8.9615 0 -352,600
Mongolia Growth Group Ltd. Common Shares Dwyer III, James Bernard 4 15/12/2014 00
Mongolia Growth Group Ltd. Options Dwyer III, James Bernard 4 15/12/2014 00
Mongolia Growth Group Ltd. Options Dwyer III, James Bernard 4 15/12/2014 50 75,000 75,000
Mongolia Growth Group Ltd. Common Shares Farquhar, Bradley Douglas 4 15/12/2014 00 50,000
Mongolia Growth Group Ltd. Common Shares Farquhar, Bradley Douglas 4 15/12/2014 00 2,600
Mongolia Growth Group Ltd. Common Shares Farquhar, Bradley Douglas 4 16/12/2014 00
Mongolia Growth Group Ltd. Common Shares Farquhar, Bradley Douglas 4 15/12/2014 00 1,800
Mongolia Growth Group Ltd. Common Shares Farquhar, Bradley Douglas 4 16/12/2014 00
Mongolia Growth Group Ltd. Options Farquhar, Bradley Douglas 4 15/12/2014 00
Mongolia Growth Group Ltd. Options Farquhar, Bradley Douglas 4 15/12/2014 50 75,000 75,000
Mongolia Growth Group Ltd. Options Losolsuren, Byambaa 4 21/04/2011 00
Mongolia Growth Group Ltd. Options Losolsuren, Byambaa 4 15/12/2014 50 75,000 75,000
Mongolia Growth Group Ltd. Options Scott, Robert James 4 15/12/2014 00
Mongolia Growth Group Ltd. Options Scott, Robert James 4 15/12/2014 50 75,000 75,000
Montana Gold Mining Company Inc.
Common Shares Teodorovici, Paul Valerian 4 16/12/2014 10 0.045 1,891,588 5,000
Mood Media Corporation (formerly Fluid Music Canada, Inc.)
Common Shares von Stauffenberg, Philippe Graf Schenk
4 12/12/2014 10 0.55 783,598 -80,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11589
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Mood Media Corporation (formerly Fluid Music Canada, Inc.)
Common Shares von Stauffenberg, Philippe Graf Schenk
4 12/12/2014 10 0.57 726,598 -57,000
Morguard Real Estate Investment Trust
Units Morguard Corporation 3 16/12/2014 10 17.092 2,162,570 8,000
Morguard Real Estate Investment Trust
Units Morguard Corporation 3 17/12/2014 10 17.188 2,183,770 21,200
Morneau Shepell Inc. Common Shares Phillips, Randal George 5 18/12/2014 47 16.88 413,549 -60,000
Mosaic Capital Corporation Common Shares Smith, William Hartman 4, 5 12/12/2014 10 12.5 35,180 2,000
Mosaic Capital Corporation Preferred Securities Smith, William Hartman 4, 5 12/12/2014 10 10.72 $192,963 $10,720
National Bank of Canada Common Shares Bertrand, Luc 5 12/12/2014 10 45.35 40,300 300
National Bank of Canada Common Shares Bertrand, Luc 5 12/12/2014 10 45.345 40,700 400
National Bank of Canada Common Shares Bertrand, Luc 5 12/12/2014 10 45.336 41,600 900
National Bank of Canada Common Shares Bertrand, Luc 5 12/12/2014 10 45.335 42,400 800
National Bank of Canada Common Shares Bertrand, Luc 5 12/12/2014 10 45.331 45,000 2,600
National Bank of Canada Common Shares Bertrand, Luc 5 15/12/2014 10 45.4 47,500 2,500
National Bank of Canada Common Shares Bertrand, Luc 5 15/12/2014 10 45.25 50,000 2,500
National Bank of Canada Unités d'actions assujetties à des restrictions (UAR) /(RUS)
Bertrand, Luc 5 10/12/2014 56 26,486 6,259
National Bank of Canada Common Shares Bilodeau, Stéphane 5 12/12/2014 51 34.34 1,522 1,400
National Bank of Canada Common Shares Bilodeau, Stéphane 5 12/12/2014 10 46.55 522 -1,000
National Bank of Canada Common Shares Bilodeau, Stéphane 5 12/12/2014 10 46.54 122 -400
National Bank of Canada Options Bilodeau, Stéphane 5 10/12/2014 50 86,736 23,052
National Bank of Canada Options Bilodeau, Stéphane 5 12/12/2014 51 34.34 85,336 -1,400
National Bank of Canada Unités d'actions assujetties à un critère de performance
Bilodeau, Stéphane 5 10/12/2014 56 21,691 6,259
National Bank of Canada Unités d'actions différées (UAD) / (DSU)
Bilodeau, Stéphane 5 10/12/2014 56 7,615 1,878
National Bank of Canada Options Bonnell, William 5 10/12/2014 50 172,940 32,932
National Bank of Canada Unités d'actions assujetties à un critère de performance
Bonnell, William 5 10/12/2014 56 33,095 12,518
National Bank of Canada Unités d'actions différées (UAD) / (DSU)
Bonnell, William 5 10/12/2014 56 15,308 2,086
National Bank of Canada Options Dagenais, Jean 5 10/12/2014 50 201,136 25,360
National Bank of Canada Unités d'actions différées (UAD) / (DSU)
Dagenais, Jean 5 10/12/2014 56 15,333 2,066
National Bank of Canada Options Davis, Brian A. 7 10/12/2014 50 269,236 26,348
National Bank of Canada Unités d'actions assujetties à des restrictions (UAR) /(RUS)
Davis, Brian A. 7 10/12/2014 56 98,831 28,583
National Bank of Canada Options Fagnoule, Dominique 5 10/12/2014 50 58,016 28,816
National Bank of Canada Unités d'actions assujetties à un critère de performance
Fagnoule, Dominique 5 10/12/2014 56 16,505 7,824
National Bank of Canada Unités d'actions différées (UAD) / (DSU)
Fagnoule, Dominique 5 10/12/2014 56 6,687 2,347
National Bank of Canada Options Giard, Diane 5 10/12/2014 50 160,332 39,108
National Bank of Canada Unités d'actions assujetties à un critère de performance
Giard, Diane 5 10/12/2014 56 77,277 22,298
National Bank of Canada Unités d'actions différées (UAD) / (DSU)
Giard, Diane 5 10/12/2014 56 20,737 2,478
National Bank of Canada Options Girard, Eric 5 10/12/2014 50 158,072 13,176
National Bank of Canada Unités d'actions assujetties à des restrictions (UAR) /(RUS)
Girard, Eric 5 10/12/2014 56 66,643 19,195
National Bank of Canada Options Hanczakowski, Jean-François
5 10/12/2014 50 42,710 18,444
National Bank of Canada Unités d'actions différées (UAD) / (DSU)
Hanczakowski, Jean-François
5 10/12/2014 56 6,242 1,502
National Bank of Canada Options Jeanniot, Lynn 5 10/12/2014 50 478,256 28,816
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11590
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
National Bank of Canada Unités d'actions assujetties à un critère de performance
Jeanniot, Lynn 5 10/12/2014 56 27,114 7,824
National Bank of Canada Unités d'actions différées (UAD) / (DSU)
Jeanniot, Lynn 5 10/12/2014 56 8,134 2,347
National Bank of Canada Options Leggett, Karen 5 10/12/2014 50 117,280 46,656
National Bank of Canada Unités d'actions assujetties à un critère de performance
Leggett, Karen 5 10/12/2014 56 30,949 15,517
National Bank of Canada Options Legris, Alain 5 10/12/2014 50 87,752 30,736
National Bank of Canada Common Shares Marchand, Elaine 5 18/12/2014 51 34.09 6,810 3,334
National Bank of Canada Common Shares Marchand, Elaine 5 18/12/2014 10 48.09 4,010 -2,800
National Bank of Canada Common Shares Marchand, Elaine 5 18/12/2014 10 48.08 3,510 -500
National Bank of Canada Common Shares Marchand, Elaine 5 18/12/2014 10 48.06 3,476 -34
National Bank of Canada Options Marchand, Elaine 5 10/12/2014 50 44,940 10,760
National Bank of Canada Options Marchand, Elaine 5 18/12/2014 51 34.09 41,606 -3,334
National Bank of Canada Unités d'actions différées (UAD) / (DSU)
Marchand, Elaine 5 10/12/2014 56 1,834 876
National Bank of Canada Common Shares Paiement, Luc 5 19/12/2014 51 30.72 38,632 10,000
National Bank of Canada Common Shares Paiement, Luc 5 19/12/2014 10 32.95 10,000
National Bank of Canada Common Shares Paiement, Luc 5 19/12/2014 10 32.95 10,000
National Bank of Canada Common Shares Paiement, Luc 5 19/12/2014 10 48.5 37,332 -1,300
National Bank of Canada Common Shares Paiement, Luc 5 19/12/2014 10 48.49 -600
National Bank of Canada Common Shares Paiement, Luc 5 19/12/2014 10 48.49 -600
National Bank of Canada Common Shares Paiement, Luc 5 19/12/2014 10 48.48 -8,100
National Bank of Canada Common Shares Paiement, Luc 5 19/12/2014 10 48.48 -8,100
National Bank of Canada Common Shares Paiement, Luc 5 19/12/2014 10 48.49 35,632 -1,700
National Bank of Canada Common Shares Paiement, Luc 5 19/12/2014 10 48.48 18,632 -17,000
National Bank of Canada Common Shares Paiement, Luc 5 19/12/2014 51 32.95 28,632 10,000
National Bank of Canada Options Paiement, Luc 5 10/12/2014 50 291,914 36,500
National Bank of Canada Options Paiement, Luc 5 19/12/2014 51 30.72 281,914 -10,000
National Bank of Canada Options Paiement, Luc 5 19/12/2014 51 32.95 271,914 -10,000
National Bank of Canada Unités d'actions assujetties à un critère de performance
Paiement, Luc 5 10/12/2014 56 77,277 22,298
National Bank of Canada Unités d'actions différées (UAD) / (DSU)
Paiement, Luc 5 10/12/2014 56 56,903 2,973
National Bank of Canada Options Parent, Ghislain 5 10/12/2014 50 162,460 43,908
National Bank of Canada Unités d'actions assujetties à un critère de performance
Parent, Ghislain 5 10/12/2014 56 33,095 12,518
National Bank of Canada Options Pascoe, Ricardo 5 10/12/2014 50 702,584 49,400
National Bank of Canada Unités d'actions assujetties à des restrictions (UAR) /(RUS)
Pascoe, Ricardo 5 10/12/2014 56 106,511 38,189
National Bank of Canada Unités d'actions assujetties à un critère de performance
Pascoe, Ricardo 5 10/12/2014 56 72,271 20,186
National Bank of Canada Options Vachon, Louis 4, 5 10/12/2014 50 2,700,696 185,240
National Bank of Canada Unités d'actions assujetties à un critère de performance
Vachon, Louis 4, 5 10/12/2014 56 199,021 70,415
NEMI Northern Energy & Mining Inc.
Common Shares Cooney, Michael 3, 4, 5 18/12/2014 10 0.399 6,760,915 8,000
Nevada Sunrise Gold Corporation
Common Shares Petterson, Brent 5 12/12/2014 10 0.45 55,000 -4,000
Nevsun Resources Ltd. Options Angus, Robert Stuart 4 12/12/2014 50 4.4 989,500 29,500
Nevsun Resources Ltd. Options Ashby, Ian R. 4 12/12/2014 50 4.4 271,000 21,000
Nevsun Resources Ltd. Options Bourchier, Frazer William 5 12/12/2014 50 4.4 935,000 135,000
Nevsun Resources Ltd. Options Gayton, Robert 4 12/12/2014 50 4.4 746,000 21,000
Nevsun Resources Ltd. Options German, Gary Edward 4 12/12/2014 50 4.4 746,000 21,000
Nevsun Resources Ltd. Options Giuffre, Joseph Paul 5 12/12/2014 50 4.4 600,000 100,000
Nevsun Resources Ltd. Options Hardie, Peter Jeremie 5 12/12/2014 50 4.4 900,000 60,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11591
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Nevsun Resources Ltd. Options Manojlovic, Peter Michael 5 12/12/2014 50 4.4 350,000 60,000
Nevsun Resources Ltd. Options MUNERA, Gerard Emmanuel Louis
4 12/12/2014 50 4.4 746,000 21,000
Nevsun Resources Ltd. Options Romaine, Todd 5 12/12/2014 50 4.4 350,000 60,000
Nevsun Resources Ltd. Options Trebilcock, Scott 5 12/12/2014 50 4.4 895,000 80,000
Nevsun Resources Ltd. Options Whelan, Thomas S. 5 12/12/2014 50 4.4 300,000 100,000
New Flyer Industries Inc. Common Shares Coliseum Capital Management, LLC
3 16/12/2014 10 12.501 1,025,342 1,923
New Flyer Industries Inc. Common Shares Coliseum Capital Management, LLC
3 16/12/2014 10 12.501 3,467,723 7,177
New Look Eyewear Inc. Common Shares Class A DeBono, Emanuel J. 5 19/12/2014 46 21.84 1,975 572
New Look Eyewear Inc. Common Shares Class A Pageau, Mario 5 11/12/2014 10 21.3 11,477 -2,200
New Look Eyewear Inc. Common Shares Class A Rouleau, Caroline 5 16/12/2014 51 7.4 10,553 6,553
New Look Eyewear Inc. Options Rouleau, Caroline 5 16/12/2014 51 7.4 38,447 -6,553
New Look Eyewear Inc. Options Rouleau, Caroline 5 16/12/2014 38 7.4 35,000 -3,447
New Look Eyewear Inc. Common Shares Class A Roy, Michel 5 11/12/2014 10 21.58 10,552 -400
New Look Eyewear Inc. Common Shares Class A Roy, Michel 5 12/12/2014 10 21.58 9,452 -1,100
New Look Eyewear Inc. Common Shares Class A Roy, Michel 5 15/12/2014 10 21.58 9,352 -100
Newstrike Resources Ltd. Options Flynn, Thomas Patrick 4 27/11/2014 52 125,000 -50,000
Newstrike Resources Ltd. Options Marrelli, Carmelo 5 27/11/2014 52 60,000 -50,000
Newstrike Resources Ltd. Options Rankin, Donald Thomas Robert
4 27/11/2014 52 200,000 -100,000
Nexus Gold Corp. Common Shares Klenman, Alexander 4 16/12/2014 10 0.12 1,579,849 2,000
Nexus Gold Corp. Common Shares Klenman, Alexander 4 19/12/2014 10 0.115 1,583,849 4,000
Nexus Gold Corp. Common Shares Klenman, Alexander 4 19/12/2014 10 0.13 1,586,349 2,500
Nexus Gold Corp. Common Shares Klenman, Alexander 4 19/12/2014 10 0.11 1,596,349 10,000
Niagara Ventures Corporation
Common Shares McEachern, Ronald 4, 5 05/12/2014 00 555,555
Nighthawk Gold Corp. Options Byron, Michael 4 17/12/2014 50 0.34 960,000 500,000
Nighthawk Gold Corp. Common Shares Cudney, Robert Douglas 3 16/12/2014 10 0.25 8,816,091 13,000
Nighthawk Gold Corp. Options Eves, Ernest Larry 4 17/12/2014 50 0.34 400,000 250,000
Nighthawk Gold Corp. Options GOODMAN, Mark 4 17/12/2014 50 0.34 470,000 250,000
Nighthawk Gold Corp. Options Leskovec, Michael George 5 17/12/2014 50 0.34 634,000 350,000
Nighthawk Gold Corp. Options Lessard, Luc 4 17/12/2014 50 0.34 400,000 250,000
Nighthawk Gold Corp. Options Prychidny, Morris 4 17/12/2014 50 0.34 410,000 250,000
Nighthawk Gold Corp. Options Wiley, David Alexander 4, 5 17/12/2014 50 0.34 1,062,000 500,000
Nightingale Informatix Corporation
Options Filion, Marc 4 28/11/2014 50 0.13 200,000 100,000
Niko Resources Ltd. Common Shares Disbrow, Robert 3 12/12/2014 10 0.2877 6,225,750 -27,800
Niko Resources Ltd. Common Shares Disbrow, Robert 3 12/12/2014 90 6,175,750 -50,000
Niko Resources Ltd. Common Shares Disbrow, Robert 3 16/12/2014 10 0.245 5,221,500 75,000
Niko Resources Ltd. Convertible Notes (convertible for common shares)
Disbrow, Robert 3 12/12/2014 10 12.55 $4,869,000 -$50,000
Niko Resources Ltd. Convertible Notes (convertible for common shares)
Disbrow, Robert 3 12/12/2014 90 $4,680,000 -$189,000
Niko Resources Ltd. Convertible Notes (convertible for common shares)
Disbrow, Robert 3 12/12/2014 10 12.55 $6,350,000 $25,000
Niko Resources Ltd. Convertible Notes (convertible for common shares)
Disbrow, Robert 3 15/12/2014 10 12 $6,475,000 $125,000
Nobel Real Estate Investment Trust
Units Lemire, Louis 5 17/06/2013 00
Nobel Real Estate Investment Trust
Units Lemire, Louis 5 19/12/2014 10 0.7 500 500
Nobel Real Estate Investment Trust
Units RFA Nobel Limited Partnership
3 03/12/2014 11 0.8 3,125,000
Nobel Real Estate Investment Trust
Units RFA Nobel Limited Partnership
3 03/12/2014 16 0.8 19,791,667 3,125,000
Nobel Real Estate Investment Trust
Units RFA Nobel Limited Partnership
3 16/12/2014 11 0.8 9,375,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11592
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Nobel Real Estate Investment Trust
Units RFA Nobel Limited Partnership
3 16/12/2014 16 0.8 29,166,667 9,375,000
Nobel Real Estate Investment Trust
Units Teasdale, Jean 4, 5 19/12/2014 10 0.65 11,000 500
Nobel Real Estate Investment Trust
Units Teasdale, Jean 4, 5 19/12/2014 10 0.67 16,000 5,000
Noble Mineral Exploration Inc. (formerly Ring of Fire Resources Inc.)
Common Shares Chabot, Gaetan Denis 5 19/12/2014 10 0.005 79,992 -232,704
Nord Resources Corporation Common Shares Hirsch, Ronald Allen 4, 5 15/12/2014 10 0.0012 11,951,536 400,000
Nord Resources Corporation Common Shares Hirsch, Ronald Allen 4, 5 16/12/2014 10 0.0013 12,121,536 170,000
Nord Resources Corporation Common Shares Hirsch, Ronald Allen 4, 5 16/12/2014 10 0.0014 12,152,390 30,854
North American Energy Partners Inc.
Common Shares Ferron, Martin Robert 4, 5 12/12/2014 10 3.12 975,188 4,000
North American Nickel Inc. Common Shares Morrison, Richard William Keith
4, 5 17/12/2014 00
North American Nickel Inc. Options Morrison, Richard William Keith
4, 5 17/12/2014 00
North American Nickel Inc. Options Morrison, Richard William Keith
4, 5 17/12/2014 50 1,000,000 1,000,000
Northern Blizzard Resources Inc.
Common Shares NGP IX Northern Blizzard S.A. R.L.
3 15/12/2014 35 41,162,212 362,141
Northern Blizzard Resources Inc.
Common Shares R/C Canada Cooperatief U.A.
3 15/12/2014 35 27,955,694 245,951
Northern Empire Resources Corp.
Common Shares Paterson, James R. 4 11/12/2014 00
Northern Empire Resources Corp.
Common Shares Paterson, James R. 4 11/12/2014 00 1,050,000
Northern Empire Resources Corp.
Warrants Paterson, James R. 4 11/12/2014 00 100,000
Northern Empire Resources Corp.
Common Shares Robins, John Edward 4, 5 11/12/2014 00
Northern Empire Resources Corp.
Common Shares Robins, John Edward 4, 5 11/12/2014 00
Northern Empire Resources Corp.
Common Shares Robins, John Edward 4, 5 11/12/2014 00 500,000
Northern Empire Resources Corp.
Common Shares Robins, John Edward 4, 5 11/12/2014 00 1,000,000
Northern Empire Resources Corp.
Common Shares Robins, John Edward 4, 5 11/12/2014 00 1,000,000
Northern Empire Resources Corp.
Warrants Robins, John Edward 4, 5 11/12/2014 00 250,000
Northern Freegold Resources Ltd.
Options Harris, William Glen 4 05/12/2014 52 88,000 -15,000
Northern Freegold Resources Ltd.
Options Termuende, Timothy Jay 4 05/12/2014 52 98,000 -15,000
Northern Frontier Corp. (formerly Frontier Acquisition Corp.)
Common Shares Haynes, Trevor 4 16/12/2014 10 0.55 441,388 5,000
Northern Property Real Estate Investment Trust
Trust Units Grayston, Kevin Eric 4 16/12/2014 10 23.4 1,000 500
Northern Spirit Resources Inc.
Common Shares Baker, Kevin Robert 3, 4, 5 15/12/2014 10 0.03 31,469,067 800,000
Northern Spirit Resources Inc.
Common Shares Baker, Kevin Robert 3, 4, 5 16/12/2014 10 0.03 33,469,067 2,000,000
Northern Spirit Resources Inc.
Common Shares Cheung, Paul Kwong Shun 4 17/12/2014 10 0.03 12,946,666 1,000,000
Northfield Capital Corporation
Common Shares CLASS A RESTRICTED VOTING
Northfield Capital Corporation
1 17/12/2014 38 0 -16,520
Northland Power Inc. Common Shares Goodman, Russell Andrew 4 15/12/2014 10 14.95 2,600 500
Northland Power Inc. Common Shares Goodman, Russell Andrew 4 15/12/2014 10 14.94 3,300 700
Northland Power Inc. Common Shares Goodman, Russell Andrew 4 15/12/2014 10 14.93 3,500 200
Northland Power Inc. Common Shares Goodman, Russell Andrew 4 15/12/2014 10 14.9 3,700 200
Northland Power Inc. Common Shares Goodman, Russell Andrew 4 15/12/2014 10 14.89 3,800 100
Northland Power Inc. Common Shares Goodman, Russell Andrew 4 15/12/2014 10 14.87 3,900 100
Northland Power Inc. Common Shares Goodman, Russell Andrew 4 15/12/2014 10 14.86 4,700 800
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11593
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Northland Power Inc. Common Shares Goodman, Russell Andrew 4 15/12/2014 10 14.8 4,900 200
Northland Power Inc. Common Shares Goodman, Russell Andrew 4 15/12/2014 10 14.79 5,600 700
Northquest Ltd. Options North, Jon William 4, 5 10/12/2014 52 1,975,000 -662,656
NorthWest International Healthcare Properties Real Estate Investment Trust
Deferred Units Crotty, Bernard W. 5 11/12/2014 38 2.03 25,809 -59,115
NorthWest International Healthcare Properties Real Estate Investment Trust
Trust Units Crotty, Bernard W. 5 15/12/2014 10 1.98 719,369 205,000
NorthWest International Healthcare Properties Real Estate Investment Trust
Trust Units Crotty, Bernard W. 5 16/12/2014 10 1.97 814,869 95,500
NorthWest International Healthcare Properties Real Estate Investment Trust
Trust Units Crotty, Bernard W. 5 17/12/2014 10 2.01 823,369 8,500
Novo Resources Corp. Common Shares Richmond Partners Master Limited
3 11/12/2014 10 0.85 8,405,500 -22,500
NUVISTA ENERGY LTD. Common Shares Shaw, Brian Gordon 4 15/12/2014 10 6.19 14,500 5,000
Nuvo Research Inc. Common Shares Chicoine, Daniel 4 17/12/2014 30 5.8048 152,011 9,000
Nuvo Research Inc. Options Chicoine, Daniel 4 17/12/2014 52 19.5 215,952 -18,846
Nuvo Research Inc. Options Chicoine, Daniel 4 17/12/2014 52 19.5 213,568 -2,384
Nuvo Research Inc. Options Copeland, David A. 4 17/12/2014 52 19.5 11,081 -2,384
Nuvo Research Inc. Common Shares Dobranowski, Anthony Edward
4 16/12/2014 10 6.25 7,050 3,250
Nuvo Research Inc. Common Shares Dobranowski, Anthony Edward
4 16/12/2014 10 6.25 4,600 600
Nuvo Research Inc. Common Shares Guntermann, Henrich R.K. 4 17/12/2014 10 6.38 9,785 1,700
Nuvo Research Inc. Common Shares Guntermann, Henrich R.K. 4 17/12/2014 10 6.39 12,785 3,000
Nuvo Research Inc. Common Shares Guntermann, Henrich R.K. 4 17/12/2014 10 6.4 13,644 859
Nuvo Research Inc. Options Guntermann, Henrich R.K. 4 17/12/2014 52 19.5 155,020 -10,384
Nuvo Research Inc. Options Guntermann, Henrich R.K. 4 17/12/2014 52 19.5 152,636 -2,384
Nuvo Research Inc. Common Shares Lemieux, Stephen 8 17/12/2014 30 5.8048 19,850 2,500
Nuvo Research Inc. Options Lindeiner, Klaus 4 17/12/2014 52 19.5 11,081 -1,538
Nuvo Research Inc. Common Shares London, John 4 17/12/2014 30 5.8048 84,641 9,000
Nuvo Research Inc. Options London, John 4 17/12/2014 52 19.5 215,952 -11,923
Nuvo Research Inc. Options London, John 4 17/12/2014 52 19.5 213,568 -2,384
Nuvo Research Inc. Common Shares Loucaides, Katina 8 17/12/2014 30 5.8048 16,990 2,000
NYX Gaming Group Limited Common Shares Aizenstadt, Vladislav 5 21/11/2014 00 249,393
NYX Gaming Group Limited Common Shares Davey, Matthew Stuart 3, 4, 5 21/11/2014 00 6,511,402
NYX Gaming Group Limited Common Shares Davey, Matthew Stuart 3, 4, 5 21/11/2014 00 3,242,485
NYX Gaming Group Limited Common Shares Davey, Matthew Stuart 3, 4, 5 21/11/2014 00 1,889,518
NYX Gaming Group Limited Options Davey, Matthew Stuart 3, 4, 5 21/11/2014 00 276,438
NYX Gaming Group Limited Common Shares Lindgren, Staffan Pär Gunnar
4, 7 21/11/2014 00 1,113,419
NYX Gaming Group Limited Common Shares Smith, Scott 7 21/11/2014 00 1,189,235
NYX Gaming Group Limited Options Smith, Scott 7 21/11/2014 00 207,328
Olivut Resources Ltd. Options Dowdall, Sharon Elizabeth 4, 5 15/12/2014 50 0.11 657,500 200,000
Olivut Resources Ltd. Options Dowdall, Sharon Elizabeth 4, 5 16/12/2014 52 0.165 557,500 -100,000
Olivut Resources Ltd. Options Keough, Leni Edna Florence
4, 5 15/12/2014 50 0.11 1,762,500 200,000
Olivut Resources Ltd. Options Keough, Leni Edna Florence
4, 5 16/12/2014 52 0.165 1,662,500 -100,000
Olivut Resources Ltd. Options Reith, Craig Owen 4 15/12/2014 50 0.11 552,500 200,000
Olivut Resources Ltd. Options Reith, Craig Owen 4 16/12/2014 52 0.165 452,500 -100,000
Olivut Resources Ltd. Options Shaw, Ian 5 15/12/2014 50 0.11 170,000 100,000
Olivut Resources Ltd. Options Shaw, Ian 5 16/12/2014 52 0.165 120,000 -50,000
Olympia Financial Group Inc. Common Shares Kabalan, Bilal Youssef 5 15/12/2014 10 33.68 1,548 800
OneCap Investment Corporation
Common Shares Bonin, Pierre 4, 5 16/12/2014 38 190,000 -190,000
OneCap Investment Corporation
Common Shares Desmarais, Jean 4, 5 12/07/2012 00
OneCap Investment Corporation
Common Shares Desmarais, Jean 4, 5 12/07/2012 00
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11594
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
OneCap Investment Corporation
Common Shares Desmarais, Jean 4, 5 12/07/2012 00 280,000
OneCap Investment Corporation
Common Shares Desmarais, Jean 4, 5 16/12/2014 38 145,000 -140,000
OneCap Investment Corporation
Common Shares Desmarais, Jean 4, 5 12/07/2012 00
OneCap Investment Corporation
Common Shares Desmarais, Jean 4, 5 12/07/2012 00
OneCap Investment Corporation
Common Shares Desmarais, Jean 4, 5 12/07/2012 00 100,000
OneCap Investment Corporation
Common Shares Desmarais, Jean 4, 5 16/12/2014 38 50,000 -50,000
OneCap Investment Corporation
Common Shares Dorey, Daniel 4 16/12/2014 38 190,000 -190,000
OneCap Investment Corporation
Common Shares Jean, Pierre Albert 4, 5 16/12/2014 38 190,000 -190,000
OneCap Investment Corporation
Common Shares Lambert, Jean Guy 4 16/12/2014 38 50,000 -50,000
OneCap Investment Corporation
Common Shares Setlakwe, Pierre 4, 5 16/12/2014 38 190,000 -190,000
ONEX CORPORATION Subordinate Voting Shares
Lewtas, Donald William 5 16/12/2014 47 65 72,051 -15,650
Opsens Inc. Common Shares Dumas, Thierry 5 16/12/2014 10 0.6229 17,000
Opsens Inc. Common Shares Dumas, Thierry 5 16/12/2014 10 0.6229 17,000
Opsens Inc. Common Shares Dumas, Thierry 5 07/01/2013 00
Opsens Inc. Common Shares Dumas, Thierry 5 16/12/2014 10 0.6224 17,000 17,000
Orca Gold Inc. Options Jackson, Lawrence Simon 5 04/04/2013 00
Orca Gold Inc. Options Jackson, Lawrence Simon 5 19/12/2014 00
Orca Gold Inc. Options Stuart, Hugh David 4, 5 08/04/2013 00
Orca Gold Inc. Options Stuart, Hugh David 4, 5 19/12/2014 00
OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 15/12/2014 10 0.24 9,574,900 5,000
OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 15/12/2014 10 0.25 9,587,400 12,500
OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 16/12/2014 10 0.24 9,597,400 10,000
OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 16/12/2014 10 0.24 9,598,900 1,500
OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 16/12/2014 10 0.23 9,599,900 1,000
Pacific & Western Bank of Canada
Preferred Shares Series 1 Danis, Maurice Arthur 5 20/08/2013 00
Pacific & Western Bank of Canada
Preferred Shares Series 1 Danis, Maurice Arthur 5 30/10/2014 15 10 100 100
Pacific & Western Bank of Canada
Common Shares TAYLOR, DAVID ROY 4, 6, 7, 5 18/12/2014 10 5.8 30,300 300
Pacific Insight Electronics Corp.
Options McKerracher, Richard Neil 4 10/12/2014 38 4.06 0 -15,000
Pacific Insight Electronics Corp.
Common Shares McKinney, J. Cowan 4 16/12/2014 11 3.53 294,686 4,886
Pacific Insight Electronics Corp.
Common Shares McKinney, J. Cowan 4 16/12/2014 11 3.53 30,614 -4,886
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.125 1,006,834 -500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.13 1,005,334 -1,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.135 1,004,934 -400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.14 1,004,634 -300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.155 1,002,934 -1,700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.165 1,002,834 -100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.18 1,001,434 -1,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.185 1,000,734 -700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.19 1,000,634 -100
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11595
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.195 996,534 -4,100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.2 978,734 -17,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.205 961,434 -17,300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.21 945,934 -15,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.215 937,134 -8,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.22 930,334 -6,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.225 916,834 -13,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.23 909,434 -7,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.235 902,434 -7,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.24 897,434 -5,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.245 891,234 -6,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.25 886,034 -5,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.255 878,234 -7,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.26 873,034 -5,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.265 865,234 -7,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.27 860,434 -4,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.275 853,034 -7,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.28 849,034 -4,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.285 844,534 -4,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.29 840,634 -3,900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.295 831,534 -9,100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.3 826,734 -4,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.305 821,734 -5,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.31 818,434 -3,300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.315 817,834 -600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.32 816,934 -900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.325 815,734 -1,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.33 815,634 -100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.335 814,634 -1,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.34 812,834 -1,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.345 811,234 -1,600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.35 805,834 -5,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.355 803,134 -2,700
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11596
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.36 802,234 -900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.365 798,534 -3,700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.37 797,234 -1,300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.375 795,334 -1,900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.38 794,334 -1,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.385 793,934 -400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.405 793,634 -300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.41 793,134 -500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.415 792,834 -300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.42 792,034 -800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.425 791,734 -300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.43 791,234 -500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.435 790,234 -1,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.44 789,934 -300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.445 789,034 -900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.45 788,734 -300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.455 788,434 -300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.465 788,334 -100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.47 787,334 -1,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.475 786,834 -500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.48 786,534 -300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.495 786,234 -300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.505 786,034 -200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.51 785,534 -500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.515 783,134 -2,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.52 780,834 -2,300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.525 780,334 -500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.53 779,934 -400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.545 779,734 -200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.55 779,634 -100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 15/12/2014 10 5.56 779,534 -100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.06 779,334 -200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.065 778,834 -500
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11597
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.07 777,634 -1,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.075 771,734 -5,900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.08 764,834 -6,900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.085 762,834 -2,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.09 760,934 -1,900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.095 760,334 -600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.1 759,734 -600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.105 758,534 -1,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.11 757,534 -1,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.115 754,134 -3,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.12 748,134 -6,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.125 742,134 -6,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.13 738,334 -3,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.135 737,834 -500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.14 736,534 -1,300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.145 735,834 -700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.15 735,734 -100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.155 734,834 -900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.16 734,334 -500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.165 733,634 -700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.17 731,534 -2,100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.175 731,334 -200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.18 731,134 -200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.185 730,534 -600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.19 729,734 -800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.195 728,034 -1,700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.2 727,934 -100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.205 727,634 -300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.21 727,434 -200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.215 727,034 -400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.22 724,534 -2,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.23 722,834 -1,700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.235 719,534 -3,300
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11598
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.24 716,034 -3,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.245 705,634 -10,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.25 702,734 -2,900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.255 701,534 -1,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.26 700,634 -900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.265 697,434 -3,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.27 695,134 -2,300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.275 688,834 -6,300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.28 686,434 -2,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.285 683,234 -3,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.29 681,534 -1,700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.295 674,134 -7,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.3 671,034 -3,100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.305 664,034 -7,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.31 661,134 -2,900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.315 660,534 -600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.32 660,434 -100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.325 658,634 -1,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.33 657,634 -1,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.355 657,534 -100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.365 657,334 -200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.375 657,034 -300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.38 656,234 -800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.385 655,834 -400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.39 655,334 -500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.395 655,034 -300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.405 652,534 -2,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.425 648,734 -3,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.415 648,534 -200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.43 648,234 -300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.435 647,334 -900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.44 646,834 -500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.445 644,534 -2,300
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11599
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.45 643,234 -1,300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.455 643,034 -200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.465 642,634 -400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.47 642,134 -500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.475 640,734 -1,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.48 640,634 -100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.485 640,534 -100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.495 640,434 -100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.505 640,134 -300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.515 639,934 -200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.54 639,534 -400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.545 632,434 -7,100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.55 627,534 -4,900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.555 620,434 -7,100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.56 614,834 -5,600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.565 591,734 -23,100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.57 579,734 -12,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.575 542,234 -37,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.58 535,634 -6,600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.585 521,834 -13,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.59 520,634 -1,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.595 501,434 -19,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.6 495,634 -5,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.605 469,034 -26,600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.61 453,600 -15,434
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.615 416,700 -36,900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.62 385,300 -31,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.625 292,200 -93,100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.63 245,500 -46,700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.635 158,400 -87,100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.64 139,600 -18,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.645 34,000 -105,600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.65 23,900 -10,100
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11600
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.655 23,100 -800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.66 21,800 -1,300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.665 18,100 -3,700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.67 17,200 -900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.675 15,400 -1,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.68 10,500 -4,900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.685 8,100 -2,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.69 5,800 -2,300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.695 4,000 -1,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.7 2,500 -1,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 16/12/2014 10 5.225 0 -2,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.705 800 800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.71 1,200 400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.715 1,700 500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.72 2,000 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.725 2,800 800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.735 4,100 1,300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.74 4,700 600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.745 7,100 2,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.755 8,900 1,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.76 10,400 1,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.765 13,100 2,700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.77 13,300 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.775 17,000 3,700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.78 17,500 500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.785 19,100 1,600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.795 22,400 3,300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.8 23,300 900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.805 28,800 5,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.81 30,300 1,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.815 36,500 6,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.82 37,200 700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.825 44,700 7,500
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11601
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.83 46,500 1,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.835 54,300 7,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.84 55,400 1,100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.845 62,600 7,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.85 63,900 1,300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.855 70,000 6,100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.86 71,800 1,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.865 75,500 3,700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.875 78,100 2,600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.88 79,500 1,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.885 92,700 13,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.89 94,000 1,300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.895 98,900 4,900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.9 100,000 1,100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.905 103,500 3,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.91 103,600 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.915 103,900 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.925 104,200 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.93 104,800 600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.935 105,700 900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.94 106,800 1,100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.945 108,000 1,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.95 108,900 900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.955 111,700 2,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.96 112,800 1,100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.965 114,800 2,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.97 115,100 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.975 117,200 2,100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.98 118,100 900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.985 120,800 2,700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.99 121,800 1,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 6.995 125,500 3,700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7 126,000 500
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11602
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.005 131,400 5,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.01 132,000 600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.015 135,800 3,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.02 138,300 2,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.025 142,800 4,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.03 143,200 400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.035 145,600 2,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.04 146,300 700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.045 148,400 2,100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.05 148,500 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.055 149,200 700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.06 149,400 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.065 150,300 900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.07 150,500 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.075 151,800 1,300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.08 152,000 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.085 153,600 1,600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.09 154,000 400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.095 155,500 1,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.1 155,900 400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.105 158,300 2,400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.11 158,700 400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.115 160,200 1,500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.12 160,600 400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.125 160,900 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.135 161,600 700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.145 161,800 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.155 161,900 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.165 162,200 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.17 162,500 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.175 162,900 400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.18 163,000 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.185 163,100 100
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11603
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.195 163,200 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.2 164,100 900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.205 164,300 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.21 164,400 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.215 164,600 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.235 164,700 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.245 164,900 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.255 165,500 600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.26 165,700 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.265 165,900 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.275 166,200 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.295 166,500 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.305 167,200 700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.315 168,100 900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.325 168,700 600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.335 169,900 1,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.34 170,100 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.345 171,700 1,600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.35 172,200 500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.355 173,100 900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.36 173,400 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.365 174,000 600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.37 174,100 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.375 174,800 700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.38 174,900 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.385 175,900 1,000
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.39 176,300 400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.395 176,600 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.4 176,900 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.405 177,600 700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.41 178,300 700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.42 179,000 700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.415 179,300 300
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11604
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.425 179,800 500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.435 180,000 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.445 180,100 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.46 180,200 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.465 180,500 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.475 180,700 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.5 180,900 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.505 181,100 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.51 181,300 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.515 181,500 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.52 181,600 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.525 181,800 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.53 182,200 400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.535 182,700 500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.54 182,800 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.545 183,100 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.55 183,500 400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.555 184,400 900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.56 185,100 700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.565 185,700 600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.57 185,800 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.575 186,400 600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.58 186,600 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.585 187,200 600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.59 187,300 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.595 188,000 700
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.6 188,200 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.605 189,400 1,200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.61 189,500 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.615 190,000 500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.62 190,400 400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.625 190,800 400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.63 191,200 400
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11605
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.635 192,100 900
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.64 192,700 600
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.645 193,000 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.65 193,200 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.655 193,500 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.66 193,600 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.665 194,100 500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.67 194,200 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.675 194,700 500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.68 194,900 200
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.685 195,300 400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.69 195,700 400
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.695 195,800 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.705 196,300 500
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.71 196,400 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.715 196,700 300
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.72 196,800 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.73 196,900 100
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.735 198,700 1,800
Pacific Rubiales Energy Corp.
Common Shares Pantin, Ronald 4, 5 18/12/2014 10 7.74 200,000 1,300
Pacific Safety Products Inc. Common Shares Hight, Ken C. 4 15/12/2014 10 0.12 873,186 14,000
Pacific Safety Products Inc. Common Shares Hight, Ken C. 4 16/12/2014 10 0.12 886,686 13,500
Pacific Safety Products Inc. Common Shares Hight, Ken C. 4 17/12/2014 10 0.125 891,686 5,000
Painted Pony Petroleum Ltd. Common Shares Ashton, Allan Kenneth 4 15/12/2014 10 9.93 100,100 -10,000
Paladin Energy Ltd. Common Shares Baily, Philip Albert 4 17/12/2014 97 0.26 13,500 4,500
Paladin Energy Ltd. Common Shares Baily, Philip Albert 4 17/12/2014 97 0.26 4,500 1,500
Paladin Energy Ltd. Common Shares Borshoff, John 4 17/12/2014 97 0.26 18,957,237 5,170,000
Paladin Energy Ltd. Common Shares Borshoff, John 4 17/12/2014 97 0.26 1,380,611 1,255,611
Paladin Energy Ltd. Common Shares Borshoff, John 4 17/12/2014 97 0.26 93,750 31,250
Paladin Energy Ltd. Common Shares Borshoff, John 4 17/12/2014 97 0.26 93,750 31,250
Paladin Energy Ltd. Common Shares Donkin, Peter Mark 4 17/12/2014 97 0.26 22,500 7,500
Paladin Energy Ltd. Common Shares HOPU Investments Co. Ltd. 3 17/12/2014 11 0.25 249,888,360 32,594,134
Paladin Energy Ltd. Common Shares Llewelyn, Sean Reveille 4 17/12/2014 97 0.26 150,000 50,000
Paladin Energy Ltd. Common Shares Zhang, Wendong 4 16/12/2014 10 0.284 1,120,000 1,000,000
Paladin Energy Ltd. Common Shares Zhang, Wendong 4 17/12/2014 97 0.26 1,180,000 60,000
Palliser Oil & Gas Corporation
Common Shares Gibson, Kevin 4, 5 30/11/2014 30 0.1 829,210 374,643
Palliser Oil & Gas Corporation
Performance Share Units Gibson, Kevin 4, 5 17/12/2014 58 - Expiration of rights
36,667 -10,000
Palliser Oil & Gas Corporation
Performance Share Units Gibson, Kevin 4, 5 17/12/2014 58 - Expiration of rights
26,667 -10,000
Palliser Oil & Gas Corporation
Performance Share Units Gibson, Kevin 4, 5 17/12/2014 58 - Expiration of rights
23,333 -3,334
Palliser Oil & Gas Corporation
Restricted Share Units Gibson, Kevin 4, 5 17/12/2014 58 - Expiration of rights
60,000 -30,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11606
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Palliser Oil & Gas Corporation
Common Shares PADGET, Robert Richard 5 18/12/2014 10 0.02 0 -41,967
Palliser Oil & Gas Corporation
Performance Share Units PADGET, Robert Richard 5 17/12/2014 58 - Expiration of rights
18,333 -5,000
Palliser Oil & Gas Corporation
Performance Share Units PADGET, Robert Richard 5 17/12/2014 58 - Expiration of rights
13,333 -5,000
Palliser Oil & Gas Corporation
Performance Share Units PADGET, Robert Richard 5 17/12/2014 58 - Expiration of rights
11,667 -1,666
Palliser Oil & Gas Corporation
Restricted Share Units PADGET, Robert Richard 5 17/12/2014 58 - Expiration of rights
46,666 -23,334
Palliser Oil & Gas Corporation
Common Shares Taylor, Bradley Glenn 5 30/11/2014 30 0.1 671,035 298,123
Palliser Oil & Gas Corporation
Common Shares Taylor, Bradley Glenn 5 17/12/2014 57 694,369 23,334
Palliser Oil & Gas Corporation
Common Shares Taylor, Bradley Glenn 5 17/12/2014 57 699,369 5,000
Palliser Oil & Gas Corporation
Common Shares Taylor, Bradley Glenn 5 17/12/2014 57 706,036 6,667
Palliser Oil & Gas Corporation
Performance Share Units Taylor, Bradley Glenn 5 17/12/2014 57 18,333 -5,000
Palliser Oil & Gas Corporation
Performance Share Units Taylor, Bradley Glenn 5 17/12/2014 58 - Expiration of rights
13,333 -5,000
Palliser Oil & Gas Corporation
Performance Share Units Taylor, Bradley Glenn 5 17/12/2014 58 - Expiration of rights
11,667 -1,666
Palliser Oil & Gas Corporation
Performance Share Units Taylor, Bradley Glenn 5 17/12/2014 57 5,000 -6,667
Palliser Oil & Gas Corporation
Restricted Share Units Taylor, Bradley Glenn 5 17/12/2014 57 46,666 -23,334
Pan American Silver Corp. Common Shares Burns, Geoffrey Alan 5 12/12/2014 46 11.58 87,935 17,682
Pan American Silver Corp. Rights Performance Share Units
Burns, Geoffrey Alan 5 01/05/2001 00
Pan American Silver Corp. Rights Performance Share Units
Burns, Geoffrey Alan 5 12/12/2014 56 11.51 30,408 30,408
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Burns, Geoffrey Alan 5 07/12/2014 59 11.27 9,900 -2,723
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Burns, Geoffrey Alan 5 12/12/2014 56 11.58 19,723 9,823
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Burns, Geoffrey Alan 5 13/12/2014 59 11.34 14,773 -4,950
Pan American Silver Corp. Common Shares Busby, Steven 5 12/12/2014 46 11.58 32,491 12,743
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Busby, Steven 5 07/12/2014 59 11.27 7,135 -2,137
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Busby, Steven 5 12/12/2014 56 11.58 14,215 7,080
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Busby, Steven 5 13/12/2014 59 11.34 10,647 -3,568
Pan American Silver Corp. Options Couturier, Ignacio Llerena 5 12/12/2014 50 11.58 33,774 9,473
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Couturier, Ignacio Llerena 5 07/12/2014 59 11.27 2,445 -732
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Couturier, Ignacio Llerena 5 12/12/2014 56 11.58 5,317 2,872
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Couturier, Ignacio Llerena 5 13/12/2014 59 11.34 4,094 -1,223
Pan American Silver Corp. Common Shares Dasso, Andres Antonio 5 12/12/2014 46 11.58 37,491 6,206
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Dasso, Andres Antonio 5 07/12/2014 59 11.27 20,847 -1,560
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Dasso, Andres Antonio 5 12/12/2014 56 11.58 31,190 10,343
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Dasso, Andres Antonio 5 13/12/2014 59 11.34 20,766 -10,424
Pan American Silver Corp. Common Shares Doyle, Alun Robert 5 12/12/2014 46 11.58 19,905 5,914
Pan American Silver Corp. Options Doyle, Alun Robert 5 12/12/2014 50 11.58 85,818 16,258
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Doyle, Alun Robert 5 07/12/2014 59 11.27 9,336 -2,608
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Doyle, Alun Robert 5 12/12/2014 56 11.58 14,264 4,928
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11607
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Doyle, Alun Robert 5 13/12/2014 59 11.34 9,596 -4,668
Pan American Silver Corp. Common Shares Fisher, Delaney Joseph 5 12/12/2014 46 11.58 9,035 2,993
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Fisher, Delaney Joseph 5 07/12/2014 59 11.27 1,197 -451
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Fisher, Delaney Joseph 5 12/12/2014 56 11.58 2,860 1,663
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Fisher, Delaney Joseph 5 13/12/2014 59 11.34 2,261 -599
Pan American Silver Corp. Common Shares Greer, Georges 5 12/12/2014 46 11.58 16,695 1,664
Pan American Silver Corp. Options Greer, Georges 5 12/12/2014 50 11.58 53,907 9,146
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Greer, Georges 5 07/12/2014 59 11.27 2,794 -837
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Greer, Georges 5 12/12/2014 56 11.58 8,339 5,545
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Greer, Georges 5 13/12/2014 59 11.34 6,942 -1,397
Pan American Silver Corp. Options McAleer, Sean 5 12/12/2014 50 11.58 67,285 28,206
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
McAleer, Sean 5 07/12/2014 59 11.27 4,309 -4,824
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
McAleer, Sean 5 12/12/2014 56 11.58 12,859 8,550
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
McAleer, Sean 5 13/12/2014 59 11.34 10,704 -2,155
Pan American Silver Corp. Common Shares Pirooz, Robert Pirooz 5 12/12/2014 46 21,148 6,716
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Pirooz, Robert Pirooz 5 07/12/2014 59 11.27 3,760 -1,126
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Pirooz, Robert Pirooz 5 12/12/2014 56 11.58 7,491 3,731
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Pirooz, Robert Pirooz 5 13/12/2014 59 11.34 5,611 -1,880
Pan American Silver Corp. Options Steinmann, Michael 5 12/12/2014 50 11.58 173,183 38,334
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Steinmann, Michael 5 07/12/2014 59 11.27 5,856 -3,505
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Steinmann, Michael 5 12/12/2014 56 11.58 17,476 11,620
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Steinmann, Michael 5 13/12/2014 59 11.34 14,548 -2,928
Pan American Silver Corp. Common Shares Vincent, Wayne 5 12/12/2014 46 11.58 11,222 3,244
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Vincent, Wayne 5 07/12/2014 59 11.27 1,817 -1,086
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Vincent, Wayne 5 07/12/2014 59 11.27 691 -1,126
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Vincent, Wayne 5 12/12/2014 56 11.58 2,494 1,803
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Vincent, Wayne 5 13/12/2014 59 11.34 1,585 -909
Pan American Silver Corp. Common Shares Wafforn, Martin 5 12/12/2014 46 11.58 6,774 1,446
Pan American Silver Corp. Options Wafforn, Martin 5 12/12/2014 50 11.58 66,185 15,898
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Wafforn, Martin 5 07/12/2014 59 11.27 2,429 -726
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Wafforn, Martin 5 12/12/2014 56 11.58 4,839 2,410
Pan American Silver Corp. Rights Restricted Share Units (“RSUs”)
Wafforn, Martin 5 13/12/2014 59 11.34 3,624 -1,215
Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 12/12/2014 10 22.42 67,628 -600
Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 12/12/2014 10 22.42 536,587 -4,700
Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 12/12/2014 10 22.42 626,284 -5,500
Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 12/12/2014 10 22.42 1,486,028 -13,200
Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 12/12/2014 10 22.42 112,300 -1,020
Paramount Resources Ltd. Common Shares Class A Knott, David M. 4 17/12/2014 10 30.169 355,000 30,000
Paramount Resources Ltd. Common Shares Class A Knott, David M. 4 18/12/2014 10 31.333 385,000 30,000
Parex Resources Inc. Common Shares Miller, Ronald Douglas 4 15/12/2014 47 45,105 -3,500
Parex Resources Inc. Common Shares Miller, Ronald Douglas 4 15/12/2014 10 6.38 48,605 3,500
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11608
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Park Lawn Corporation Common Shares Boland, Lawrence Allan 3, 4, 5 31/12/2010 00 20,583
Park Lawn Corporation Common Shares Boland, Lawrence Allan 3, 4, 5 16/12/2014 10 12 10,583 -10,000
Park Lawn Corporation Common Shares Boland, Lawrence Allan 3, 4, 5 17/12/2014 10 12.5 5,583 -5,000
Parkland Fuel Corporation Deferred Share Unit Plan Bechtold, John Frederick 4 15/12/2014 30 20.22 17,024 74
Parkland Fuel Corporation Deferred Share Unit Plan Colnett, Lisa 4 15/12/2014 30 20.22 3,257 14
Parkland Fuel Corporation Common Shares Cruickshank, Andrew Stuart 5 15/12/2014 30 20.22 800 3
Parkland Fuel Corporation Restricted Common Shares
Cruickshank, Andrew Stuart 5 15/12/2014 97 20.22 8,675 15
Parkland Fuel Corporation Common Shares Espey, Robert Berthold 5 15/12/2014 30 20.22 95,817 4
Parkland Fuel Corporation Restricted Common Shares
Espey, Robert Berthold 5 15/12/2014 97 20.22 66,394 103
Parkland Fuel Corporation Deferred Share Unit Plan Ferland, Alain 4 15/12/2014 30 20.22 17,024 74
Parkland Fuel Corporation Common Shares Fink, Bob 5 15/12/2014 30 20.22 12,535 54
Parkland Fuel Corporation Common Shares Fink, Bob 5 15/12/2014 30 20.22 1,289 6
Parkland Fuel Corporation Restricted Common Shares
Fink, Bob 5 15/12/2014 97 20.22 13,998 22
Parkland Fuel Corporation Common Shares Kilty, Colin Peter 5 15/12/2014 30 20.22 5,389 22
Parkland Fuel Corporation Restricted Common Shares
Kilty, Colin Peter 5 15/12/2014 97 20.22 25,173 54
Parkland Fuel Corporation Common Shares Lapensee, Paul 4 15/12/2014 30 20.22 1,551 4
Parkland Fuel Corporation Common Shares McMillan, Michael Stanley Howie
5 15/12/2014 30 20.22 3,817 4
Parkland Fuel Corporation Common Shares McMillan, Michael Stanley Howie
5 15/12/2014 30 20.22 5,515 26
Parkland Fuel Corporation Restricted Common Shares
McMillan, Michael Stanley Howie
5 15/12/2014 97 20.22 9,026 14
Parkland Fuel Corporation Common Shares Pantelidis, James 4 15/12/2014 30 20.22 200,942 293
Parkland Fuel Corporation Common Shares Pantelidis, James 4 16/12/2014 30 20.22 201,127 185
Parkland Fuel Corporation Deferred Share Unit Plan Pantelidis, James 4 15/12/2014 30 20.22 55,337 241
Parkland Fuel Corporation Common Shares Rawji, Irfhan Abdulaziz 5 15/12/2014 30 20.22 3,497 14
Parkland Fuel Corporation Restricted Common Shares
Rawji, Irfhan Abdulaziz 5 15/12/2014 97 20.22 19,093 20
Parkland Fuel Corporation Common Shares ROGERS, Ronald D. 4 15/12/2014 30 20.22 42,229 183
Parkland Fuel Corporation Deferred Share Unit Plan ROGERS, Ronald D. 4 15/12/2014 30 20.22 28,536 124
Parkland Fuel Corporation Common Shares Savage, Jane Elizabeth 5 15/12/2014 30 20.22 5,355 23
Parkland Fuel Corporation Restricted Common Shares
Savage, Jane Elizabeth 5 15/12/2014 97 20.22 14,526 23
Parkland Fuel Corporation Common Shares Spencer, David 4 15/12/2014 30 20.22 13,326 21
Parkland Fuel Corporation Deferred Share Unit Plan Spencer, David 4 15/12/2014 30 20.22 17,024 74
Parkland Fuel Corporation Common Shares Strating, Donna Jeanne 5 15/12/2014 30 20.22 4,967 1
Parkland Fuel Corporation Common Shares Strating, Donna Jeanne 5 15/12/2014 30 20.22 3,518 18
Parkland Fuel Corporation Restricted Common Shares
Strating, Donna Jeanne 5 15/12/2014 97 20.22 15,975 25
Partners Real Estate Investment Trust
Units Tawse, Moray 3 02/10/2014 00
Partners Real Estate Investment Trust
Units Tawse, Moray 3 16/12/2014 10 3.75 5,000 5,000
Pasinex Resources Limited (formerly Triple Dragon Resources Inc.)
Common Shares Seeley, Larry Edward 3 17/12/2014 54 0.15 11,858,500 500,000
Pason Systems Inc. Common Shares Kessler, Marcel 5 15/12/2014 10 21.1 33,738 2,500
Pason Systems Inc. Exchange Traded Put Options
Ramanan, Gopinath 5 03/06/2013 00
Pason Systems Inc. Exchange Traded Put Options
Ramanan, Gopinath 5 08/12/2014 70 0.6 2,700 2,700
PASSPORT POTASH INC. Common Shares Eckersley, John Howard 4 10/12/2014 10 0.015 2,429,080 -143,000
PASSPORT POTASH INC. Common Shares Eckersley, John Howard 4 11/12/2014 10 0.015 2,397,080 -32,000
PASSPORT POTASH INC. Common Shares Eckersley, John Howard 4 12/12/2014 10 0.015 2,329,080 -68,000
PASSPORT POTASH INC. Common Shares Eckersley, John Howard 4 16/12/2014 10 0.01 2,079,080 -250,000
PASSPORT POTASH INC. Common Shares Eckersley, John Howard 4 17/12/2014 10 0.015 1,997,080 -82,000
Pathfinder Income Fund (Formerly Pathfinder Convertible Debenture Fund)
Trust Units Pathfinder Convertible Debenture Fund
1 12/12/2014 38 10.1 7,079,803 1,200
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11609
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Pathfinder Income Fund (Formerly Pathfinder Convertible Debenture Fund)
Trust Units Pathfinder Convertible Debenture Fund
1 17/12/2014 38 10.229 7,081,903 2,100
Pathfinder Income Fund (Formerly Pathfinder Convertible Debenture Fund)
Trust Units Pathfinder Convertible Debenture Fund
1 18/12/2014 38 10.15 7,083,103 1,200
Pediapharm Inc. Common Shares Désormeau, Pierre 4 12/12/2014 11 1,250,231 -10,000
Pediapharm Inc. Common Shares Désormeau, Pierre 4 17/12/2014 11 1,240,231 -10,000
Peregrine Diamonds Ltd. Common Shares Goldstein, Myron 4 16/12/2014 10 0.155 767,857 250,000
Perpetual Energy Inc. Options Genoway, Karen A. 4 17/12/2014 52 4.66 125,625 -6,250
Perpetual Energy Inc. Options Johnson, Randall 4 17/12/2014 52 4.66 125,625 -6,250
Perpetual Energy Inc. Options Maitland, Robert A. 4 17/12/2014 52 4.66 125,625 -6,250
Perpetual Energy Inc. Options Nelson, Donald J. 4 17/12/2014 52 4.66 125,625 -6,250
Perpetual Energy Inc. Options Riddell, Clayton H. 3, 4 17/12/2014 52 4.98 251,250 -12,500
Perpetual Energy Inc. Options Ward, Howard 4 17/12/2014 52 4.66 125,625 -6,250
Petro One Energy Corp. Options Reynolds, Paul Stuart 4 01/12/2014 50 750,000 450,000
Petro One Energy Corp. Options Reynolds, Paul Stuart 4 01/12/2014 52 450,000 -300,000
Petro One Energy Corp. Options Reynolds, Paul Stuart 4 01/12/2014 50 750,000 300,000
Petrolympic Ltd. Common Shares Ekstein, Brocha 3 15/12/2014 10 0.302 15,009,107 1,000
Petrolympic Ltd. Common Shares Ekstein, Brocha 3 16/12/2014 10 0.279 15,011,107 2,000
Petrolympic Ltd. Common Shares Ekstein, Brocha 3 17/12/2014 10 0.288 15,013,607 2,500
Petrolympic Ltd. Common Shares Ekstein, Brocha 3 18/12/2014 10 0.298 15,017,607 4,000
Petrowest Corporation Common Shares Quigley, Rick 4 01/07/2011 00
Petrowest Corporation Common Shares Quigley, Rick 4 16/12/2014 10 0.5674 100,000 100,000
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Common Shares Gertner, Lorne 4, 5 10/12/2014 00 735,812
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Notes Gertner, Lorne 4, 5 10/12/2014 00 $7,500
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Promissory Note
Gertner, Lorne 4, 5 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Promissory Note
Gertner, Lorne 4, 5 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Options Gertner, Lorne 4, 5 10/12/2014 00 362,950
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Warrants Gertner, Lorne 4, 5 10/12/2014 00 1,653,772
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Common Shares Huber, Glen Ariel 4, 5 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Notes Huber, Glen Ariel 4, 5 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Promissory Note
Huber, Glen Ariel 4, 5 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Promissory Note
Huber, Glen Ariel 4, 5 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Options Huber, Glen Ariel 4, 5 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Options Huber, Glen Ariel 4, 5 10/12/2014 00 106,695
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Warrants Huber, Glen Ariel 4, 5 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Common Shares Isenberg, Steven G. 4 10/12/2014 00
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11610
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Notes Isenberg, Steven G. 4 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Promissory Note
Isenberg, Steven G. 4 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Promissory Note
Isenberg, Steven G. 4 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Options Isenberg, Steven G. 4 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Warrants Isenberg, Steven G. 4 10/12/2014 00 1,166,531
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Common Shares Krestell, Michael Howard 4 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Notes Krestell, Michael Howard 4 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Promissory Note
Krestell, Michael Howard 4 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Promissory Note
Krestell, Michael Howard 4 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Options Krestell, Michael Howard 4 10/12/2014 00 64,017
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Warrants Krestell, Michael Howard 4 10/12/2014 00 1,102,515
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Common Shares Rosen, Paul Bradley 4, 5 10/12/2014 00 1,119,914
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Common Shares Rosen, Paul Bradley 4, 5 10/12/2014 00 96,982
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Notes Rosen, Paul Bradley 4, 5 10/12/2014 00 $100,000
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Notes Rosen, Paul Bradley 4, 5 10/12/2014 00 $7,500
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Promissory Note
Rosen, Paul Bradley 4, 5 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Promissory Note
Rosen, Paul Bradley 4, 5 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Promissory Note
Rosen, Paul Bradley 4, 5 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Convertible Promissory Note
Rosen, Paul Bradley 4, 5 10/12/2014 00
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Options Rosen, Paul Bradley 4, 5 10/12/2014 00 362,950
PharmaCan Capital Corp. (formerly Searchtech Ventures Inc.)
Warrants Rosen, Paul Bradley 4, 5 10/12/2014 00 1,653,772
Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 26/11/2014 38 0.29 688,500 215,500
Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 27/11/2014 38 0.29 724,000 35,500
Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 01/12/2014 38 0.29 261,000 10,000
Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 02/12/2014 38 0.29 280,510 19,510
Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 04/12/2014 38 0.29 400,010 119,500
Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 05/12/2014 38 0.2858 460,010 60,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11611
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 09/12/2014 38 0.29 463,010 3,000
Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 10/12/2014 38 0.29 464,010 1,000
Phoscan Chemical Corp. Common Shares PhosCan Chemical Corp. 1 15/12/2014 38 0 -464,010
PHX Energy Services Corp. Common Shares Shafer, Jeffery John 5 09/05/2014 10 7.475 13,000
PHX Energy Services Corp. Common Shares Shafer, Jeffery John 5 09/05/2014 51 7.475 60,467 13,000
Pilot Gold Inc. Common Shares Wenger, John Eric 5 19/12/2014 10 68,780 2,000
Pilot Gold Inc. Warrants Wenger, John Eric 5 31/10/2014 55 0 -5,500
PIMCO Global Income Opportunities Fund
Units Class A Graham, Stuart Thomson 7 27/02/2014 00
PIMCO Global Income Opportunities Fund
Units Class A Graham, Stuart Thomson 7 08/09/2014 10 10.18 500 500
PIMCO Global Income Opportunities Fund
Units Class A Graham, Stuart Thomson 7 04/12/2014 10 9.25 700 200
PIMCO Global Income Opportunities Fund
Units Class A Graham, Stuart Thomson 7 27/02/2014 00
PIMCO Global Income Opportunities Fund
Units Class A Graham, Stuart Thomson 7 04/12/2014 10 9.23 400 400
PIMCO Global Income Opportunities Fund
Units Class A Graham, Stuart Thomson 7 08/12/2014 10 8.85 1,450 1,050
PIMCO Global Income Opportunities Fund
Units Class A Murata, Alfred Taketo 7 27/02/2014 00
PIMCO Global Income Opportunities Fund
Units Class A Murata, Alfred Taketo 7 15/12/2014 10 8.56 10,000 10,000
PIMCO Global Income Opportunities Fund
Units Class A Murata, Alfred Taketo 7 15/12/2014 10 8.52 12,000 2,000
PIMCO Global Income Opportunities Fund
Units Class A Murata, Alfred Taketo 7 15/12/2014 10 8.44 14,000 2,000
PIMCO Global Income Opportunities Fund
Units Class A Murata, Alfred Taketo 7 15/12/2014 10 8.43 16,000 2,000
Pivotal Therapeutics Inc. Common Shares Crossover Healthcare Fund 3 15/12/2014 10 0.065 13,322,552 40,000
Plaza Retail REIT RSUs Cipollone, Floriana 5 15/12/2014 30 4.01 6,700 33
Plaza Retail REIT RSUs Cipollone, Floriana 5 15/12/2014 59 4.01 6,667 -33
Plaza Retail REIT RSUs Cipollone, Floriana 5 17/12/2014 57 4 5,334 -1,333
Plaza Retail REIT RSUs Cipollone, Floriana 5 17/12/2014 59 4 3,334 -2,000
Plaza Retail REIT Trust Units Cipollone, Floriana 5 17/12/2014 57 4 17,220 805
Plaza Retail REIT RSUs Penney, Stephen 5 15/12/2014 30 4.01 4,218 18
Plaza Retail REIT RSUs Penney, Stephen 5 15/12/2014 57 4.01 4,200 -18
Plaza Retail REIT RSUs Penney, Stephen 5 17/12/2014 57 4 2,533 -1,667
Plaza Retail REIT Trust Units Penney, Stephen 5 15/12/2014 57 4.01 4,534 18
Plaza Retail REIT Trust Units Penney, Stephen 5 17/12/2014 57 4 5,459 925
Plaza Retail REIT RSUs Petrie, James M. 5 15/12/2014 30 4.01 6,700 33
Plaza Retail REIT RSUs Petrie, James M. 5 15/12/2014 59 4.01 6,667 -33
Plaza Retail REIT RSUs Petrie, James M. 5 17/12/2014 57 4 3,334 -3,333
Plaza Retail REIT Trust Units Petrie, James M. 5 17/12/2014 57 4 8,053 1,695
Plaza Retail REIT RSUs Salsberg, Kevin 5 15/12/2014 30 4.01 10,049 49
Plaza Retail REIT RSUs Salsberg, Kevin 5 15/12/2014 59 4.01 10,000 -49
Plaza Retail REIT RSUs Salsberg, Kevin 5 17/12/2014 59 4 6,667 -3,333
Plaza Retail REIT RSUs Strange, Kimberly A. 5 15/12/2014 30 4.01 1,607 7
Plaza Retail REIT RSUs Strange, Kimberly A. 5 15/12/2014 57 4.01 1,600 -7
Plaza Retail REIT RSUs Strange, Kimberly A. 5 17/12/2014 57 4 800 -800
Plaza Retail REIT Trust Units Strange, Kimberly A. 5 15/12/2014 57 4.01 706 7
Plaza Retail REIT Trust Units Strange, Kimberly A. 5 17/12/2014 57 4 1,213 507
PNO Resources Ltd. Common Shares Keep, Gordon 5 16/12/2014 10 0.15 400,000 100,000
Postmedia Network Canada Corp.
Class NC Variable Voting Shares
Canso Investment Counsel Ltd.
3 10/10/2014 00
Postmedia Network Canada Corp.
Class NC Variable Voting Shares
Canso Investment Counsel Ltd.
3 10/10/2014 00 825,827
Postmedia Network Canada Corp.
Class NC Variable Voting Shares
Canso Investment Counsel Ltd.
3 28/10/2014 10 2.1 1,325,827 500,000
Postmedia Network Canada Corp.
Class NC Variable Voting Shares
Canso Investment Counsel Ltd.
3 12/12/2014 10 2 2,325,827 1,000,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11612
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Postmedia Network Canada Corp.
Class NC Variable Voting Shares
Canso Investment Counsel Ltd.
3 12/12/2014 10 1.95 3,325,827 1,000,000
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Brownlee, Wayne Richard 5 12/12/2014 50 40.42 1,861,550 46,500
Potash Corporation of Saskatchewan Inc.
Common Shares Bubnick, Robert 5 01/08/2014 00 300
Potash Corporation of Saskatchewan Inc.
Medium-Term Incentive Plan Units (MTIPs)
Bubnick, Robert 5 01/08/2014 00 3,744
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Bubnick, Robert 5 01/08/2014 00 50,750
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Bubnick, Robert 5 12/12/2014 50 40.42 61,350 10,600
Potash Corporation of Saskatchewan Inc.
Medium-Term Incentive Plan Units (MTIPs)
Dekok, Paul 5 01/07/2014 00 6,166
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Dekok, Paul 5 01/07/2014 00 51,900
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Dekok, Paul 5 12/12/2014 50 35.07 72,100 20,200
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Delaney, George David 7 12/12/2014 50 35.07 584,450 46,500
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Dowdle, Stephen 7 12/12/2014 50 35.07 353,900 20,200
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Felgenhauer, Robert 7 12/12/2014 50 35.07 233,500 10,600
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Flahr, William 5 12/12/2014 50 40.42 130,000 5,900
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Fracchia, Mark 5 12/12/2014 50 40.42 136,850 20,200
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Heimann, Brent 7 12/12/2014 50 35.07 411,900 20,200
Potash Corporation of Saskatchewan Inc.
Common Shares Jaspar, Robert Alain 5 15/12/2014 51 12.21 92,000 38,000
Potash Corporation of Saskatchewan Inc.
Common Shares Jaspar, Robert Alain 5 15/12/2014 10 40.201 54,000 -38,000
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Jaspar, Robert Alain 5 12/12/2014 50 40.42 390,500 10,600
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Jaspar, Robert Alain 5 15/12/2014 51 12.21 352,500 -38,000
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Johnson, Brian 7 12/12/2014 50 35.07 72,775 3,500
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Knafelc, Lee 5 12/12/2014 50 40.42 109,700 10,600
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Podwika, Joseph 5 12/12/2014 50 35.07 472,650 20,200
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Sirois, Denis A. 5 12/12/2014 50 40.42 282,500 10,600
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Stann, Darryl 5 12/12/2014 50 40.42 146,600 10,600
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Stann, Denita 5 12/12/2014 50 40.42 66,500 5,900
Potash Corporation of Saskatchewan Inc.
Medium-Term Incentive Plan Units (MTIPs)
Sully, Raef 5 01/07/2014 00 8,120
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Sully, Raef 5 01/07/2014 00 43,800
Potash Corporation of Saskatchewan Inc.
Options Employee Stock Options
Sully, Raef 5 12/12/2014 50 35.07 64,000 20,200
Power Corporation of Canada
Subordinate Voting Shares
Rae, John Alain 5 15/12/2014 10 29.527 40,418 -35,000
Power Corporation of Canada
Deferred Share Units Ryan, Thomas Timothy, Jr. 4, 7 15/12/2014 59 30.662 0 -12,879
Power Financial Corporation Deferred Share Units Ryan, Thomas Timothy, Jr. 4, 7 15/12/2014 56 32.54 10,304 110
Power Financial Corporation Deferred Share Units Ryan, Thomas Timothy, Jr. 4, 7 15/12/2014 59 34.622 0 -10,304
PrairieSky Royalty Ltd. Common Shares Zawalsky, Grant A. 4 19/12/2014 00
PrairieSky Royalty Ltd. Common Shares Zawalsky, Grant A. 4 19/12/2014 22 80,909 80,909
PrairieSky Royalty Ltd. Common Shares Zawalsky, Grant A. 4 19/12/2014 00
PrairieSky Royalty Ltd. Common Shares Zawalsky, Grant A. 4 19/12/2014 22 23,263 23,263
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11613
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Precipitate Gold Corp. Common Shares Cardey, Darryl 4 15/12/2014 11 130,000 -195,000
Premier Diagnostic Health Services Inc.
Common Shares Cloutier, Guy 8, 7 12/12/2014 00
Premier Diagnostic Health Services Inc.
Common Shares Hughes, Peter Burroughes 8, 7 12/12/2014 00
Premier Diagnostic Health Services Inc.
Common Shares Lalonde, David 8, 7 12/12/2014 00
Premier Diagnostic Health Services Inc.
Common Shares Robertson, Donna Lee 7 15/12/2014 10 0.18 2,517,004 -200,000
Premier Diagnostic Health Services Inc.
Common Shares Robertson, Donna Lee 7 16/12/2014 10 0.18 2,190,504 -326,500
Premier Diagnostic Health Services Inc.
Common Shares ROBERTSON, IAN D. 4, 7 15/12/2014 10 0.18 2,517,004 -200,000
Premier Diagnostic Health Services Inc.
Common Shares ROBERTSON, IAN D. 4, 7 16/12/2014 10 0.18 2,190,504 -326,500
Premier Diagnostic Health Services Inc.
Common Shares Stone, Ian 8, 7 12/12/2014 00
Pretium Resources Inc. Common Shares Quartermain, Robert Allan 4, 5 19/12/2014 10 6 2,687,353 -4,000
Primary Energy Recycling Corporation
Common Shares Alverson, Vernon Michael 5 17/12/2014 22 5.4 0 -243,644
Primary Energy Recycling Corporation
Enhanced Income Securities
Alverson, Vernon Michael 5 19/12/2014 99 0 -7,000
Primary Energy Recycling Corporation
Common Shares Bashara, George 5 17/12/2014 22 5.4 0 -47,719
Primary Energy Recycling Corporation
Common Shares Fanella, Christopher 5 17/12/2014 22 5.4 0 -100,000
Primary Energy Recycling Corporation
Participation Units PSU Program put in place for Management
Fanella, Christopher 5 17/12/2014 22 120,919 40,305
Primary Energy Recycling Corporation
Participation Units PSU Program put in place for Management
Fanella, Christopher 5 17/12/2014 22 5.4 0 -120,919
Primary Energy Recycling Corporation
Common Shares Greene, Brian 4 17/12/2014 22 5.4 0 -400,000
Primary Energy Recycling Corporation
Rights Common shares related to Directors Deferred Share Unit plan
Greene, Brian 4 17/12/2014 56 31,610 3,401
Primary Energy Recycling Corporation
Rights Common shares related to Directors Deferred Share Unit plan
Greene, Brian 4 17/12/2014 22 5.4 0 -31,610
Primary Energy Recycling Corporation
Common Shares Lavigne, A. Michel 4, 5 17/12/2014 22 5.4 0 -40,722
Primary Energy Recycling Corporation
Enhanced Income Securities
Lavigne, A. Michel 4, 5 19/12/2014 99 0 -18,000
Primary Energy Recycling Corporation
Rights Common shares related to Directors Deferred Share Unit plan
Lavigne, A. Michel 4, 5 17/12/2014 56 40,190 1,423
Primary Energy Recycling Corporation
Rights Common shares related to Directors Deferred Share Unit plan
Lavigne, A. Michel 4, 5 17/12/2014 22 -40,190
Primary Energy Recycling Corporation
Rights Common shares related to Directors Deferred Share Unit plan
Lavigne, A. Michel 4, 5 17/12/2014 22 -40,190
Primary Energy Recycling Corporation
Rights Common shares related to Directors Deferred Share Unit plan
Lavigne, A. Michel 4, 5 17/12/2014 22 5.4 0 -40,190
Primary Energy Recycling Corporation
Rights Common shares related to Directors Deferred Share Unit plan
Peiser, Robert 4 17/12/2014 22 5.4 0 -11,931
Primary Energy Recycling Corporation
Rights Common shares related to Directors Deferred Share Unit plan
Pether, Donald Allison 4 17/12/2014 56 68,381 2,922
Primary Energy Recycling Corporation
Rights Common shares related to Directors Deferred Share Unit plan
Pether, Donald Allison 4 17/12/2014 22 5.4 0 -68,381
Primary Energy Recycling Corporation
Common Shares Powell, Joseph 7 17/12/2014 22 5.4 0 -145,194
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11614
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Primary Energy Recycling Corporation
Participation Units PSU Program put in place for Management
Powell, Joseph 7 17/12/2014 22 120,919 40,305
Primary Energy Recycling Corporation
Participation Units PSU Program put in place for Management
Powell, Joseph 7 17/12/2014 22 5.4 0 -120,919
Primary Energy Recycling Corporation
Common Shares Prunkl, John David 4, 5 17/12/2014 22 5.4 0 -1,847,815
Primary Energy Recycling Corporation
Enhanced Income Securities
Prunkl, John David 4, 5 19/12/2014 99 0 -7,500
Primary Energy Recycling Corporation
Participation Units PSU Program put in place for Management
Prunkl, John David 4, 5 17/12/2014 22 78,628 26,210
Primary Energy Recycling Corporation
Participation Units PSU Program put in place for Management
Prunkl, John David 4, 5 17/12/2014 22 5.4 0 -78,628
Primary Energy Recycling Corporation
Common Shares Redmond, Brian 4 17/12/2014 22 5.4 0 -20,000
Primary Energy Recycling Corporation
Rights Common shares related to Directors Deferred Share Unit plan
Redmond, Brian 4 17/12/2014 22 5.4 0 -7,159
Primary Energy Recycling Corporation
Common Shares Szpyrka, Katherine 7 17/12/2014 22 5.4 0 -45,352
Primary Energy Recycling Corporation
Common Shares Waisberg, Lorie 4 17/12/2014 22 5.4 0 -20,000
Primary Energy Recycling Corporation
Rights Common shares related to Directors Deferred Share Unit plan
Waisberg, Lorie 4 17/12/2014 56 32,093 776
Primary Energy Recycling Corporation
Rights Common shares related to Directors Deferred Share Unit plan
Waisberg, Lorie 4 17/12/2014 22 -32,093
Primary Energy Recycling Corporation
Rights Common shares related to Directors Deferred Share Unit plan
Waisberg, Lorie 4 17/12/2014 22 -32,093
Primary Energy Recycling Corporation
Rights Common shares related to Directors Deferred Share Unit plan
Waisberg, Lorie 4 17/12/2014 22 5.4 0 -32,093
Prime Minerals Corp. Common Shares Clifford, John Randolph 3 13/11/2014 37 500,000 -4,500,000
Primero Mining Corp. Rights Phantom Share Units
Cortes Verastegui, Manuel Antonio
5 28/11/2014 59 16,436 -5,853
Primero Mining Corp. Rights Phantom Share Units
Voicu, Gabriel 5 28/11/2014 59 74,625 -20,000
Probe Mines Limited Options Dessureault, Yves 5 18/12/2014 50 2.85 325,000 75,000
Probe Mines Limited Options Gammon, John Blundell 4 18/12/2014 50 2.85 1,125,000 75,000
Probe Mines Limited Options Haymann, Basil Anthony 4 18/12/2014 50 2.85 410,000 75,000
Probe Mines Limited Options Langlois, Patrick 5 18/12/2014 50 2.85 425,000 75,000
Probe Mines Limited Options Marrelli, Carmelo 5 18/12/2014 50 2.85 165,000 25,000
Probe Mines Limited Options McCreary, Gordon A 4 18/12/2014 50 2.85 450,000 75,000
Probe Mines Limited Options Palmer, David Alexander Stephen
4, 5 18/12/2014 50 2.85 1,725,000 150,000
Probe Mines Limited Options Peterson, Dennis 4 18/12/2014 50 2.85 1,125,000 75,000
Progressive Waste Solutions Ltd.(formerly IESI-BFC Ltd.)
Common Shares Dillon, John T 4 18/12/2014 10 34.36 13,982 655
Progressive Waste Solutions Ltd.(formerly IESI-BFC Ltd.)
Common Shares Forese, James John 4 18/12/2014 10 34.36 18,462 965
Progressive Waste Solutions Ltd.(formerly IESI-BFC Ltd.)
Common Shares Hughes, Larry Sanford 4 18/12/2014 10 34.36 3,003 1,201
Progressive Waste Solutions Ltd.(formerly IESI-BFC Ltd.)
Common Shares KEEFER, JEFFREY 4 18/12/2014 10 34.36 8,961 655
Progressive Waste Solutions Ltd.(formerly IESI-BFC Ltd.)
Common Shares Knight, Douglas 4 18/12/2014 10 34.36 21,000 655
Progressive Waste Solutions Ltd.(formerly IESI-BFC Ltd.)
Common Shares Lee, Susan 4 18/12/2014 10 34.36 1,685 600
Progressive Waste Solutions Ltd.(formerly IESI-BFC Ltd.)
Common Shares Milliard, Daniel 4 18/12/2014 10 34.36 20,994 655
ProMetic Life Sciences Inc. Common Shares BEST, SIMON GEOFFREY 4 15/12/2014 51 1.1 61,081 46,331
ProMetic Life Sciences Inc. Options BEST, SIMON GEOFFREY 4 15/12/2014 51 1.1 61,080 -46,331
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11615
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Prophecy Coal Corp. Common Shares without par value
Lee, John 4, 5 12/12/2014 10 0.05 10,365,170 600,000
Prophecy Coal Corp. Common Shares without par value
Lee, John 4, 5 12/12/2014 10 0.055 10,515,170 150,000
Pulse Seismic Inc. Common Shares Pulse Seismic Inc. 1 17/12/2014 38 2.88 150,000 150,000
Pulse Seismic Inc. Common Shares Pulse Seismic Inc. 1 18/12/2014 38 2.8942 173,400 23,400
Pulse Seismic Inc. Common Shares Pulse Seismic Inc. 1 19/12/2014 38 2.8859 191,800 18,400
Puma Exploration Inc. Common Shares Gagné, Dominique 4 19/12/2014 90 0.17 0 -29,000
Puma Exploration Inc. Common Shares Gagné, Dominique 4 19/12/2014 90 0.17 87,978 29,000
Puma Exploration Inc. Common Shares Robillard, Marcel 4, 5 15/12/2014 10 0.17 1,980,500 5,000
Puma Exploration Inc. Common Shares Robillard, Marcel 4, 5 17/12/2014 10 0.17 1,985,500 5,000
Puma Exploration Inc. Common Shares Robillard, Marcel 4, 5 17/12/2014 10 0.17 1,990,500 5,000
Pure Industrial Real Estate Trust
Trust Units Gorrie, Kevan Stuart 5 16/12/2014 10 4.21 153,694 1,000
Pure Technologies Ltd. Common Shares Kanovsky, Michael Manuel 4 01/12/2014 90 150,000
Pure Technologies Ltd. Common Shares Kanovsky, Michael Manuel 4 08/12/2014 90 150,000 150,000
Pure Technologies Ltd. Common Shares Kanovsky, Michael Manuel 4 01/12/2014 90 -150,000
Pure Technologies Ltd. Common Shares Kanovsky, Michael Manuel 4 08/12/2014 90 992,200 -150,000
Pure Technologies Ltd. Common Shares WRIGGLESWORTH, MICHAEL ROBERT
5 15/12/2014 30 7.53 135,799 1,454
Pure Technologies Ltd. Common Shares WRIGGLESWORTH, MICHAEL ROBERT
5 18/12/2014 10 7.83 130,799 -5,000
PWC Capital Inc. (formerly Pacific & Western Credit Corp.)
Common Shares 340268 Ontario Limited 3 18/12/2014 10 0.23 7,055,624 250,070
PWC Capital Inc. (formerly Pacific & Western Credit Corp.)
Common Shares Duggan, Ross P. 7 16/12/2014 10 0.25 0 -18,000
PWC Capital Inc. (formerly Pacific & Western Credit Corp.)
Convertible Preferred Shares Class B Preferred Shares
Matrundola, Telemaco (Tel) 7 24/03/2003 00
PWC Capital Inc. (formerly Pacific & Western Credit Corp.)
Convertible Preferred Shares Class B Preferred Shares
Matrundola, Telemaco (Tel) 7 16/12/2014 10 12 1,000 1,000
PWC Capital Inc. (formerly Pacific & Western Credit Corp.)
Convertible Preferred Shares Class B Preferred Shares
Matrundola, Telemaco (Tel) 7 17/12/2014 10 12 1,500 500
PWC Capital Inc. (formerly Pacific & Western Credit Corp.)
Convertible Preferred Shares Class B Preferred Shares
Matrundola, Telemaco (Tel) 7 17/12/2014 10 12.7 2,100 600
PWC Capital Inc. (formerly Pacific & Western Credit Corp.)
Convertible Preferred Shares Class B Preferred Shares
Matrundola, Telemaco (Tel) 7 17/12/2014 10 12.709 12,200 10,100
PWC Capital Inc. (formerly Pacific & Western Credit Corp.)
Convertible Preferred Shares Class B Preferred Shares
Matrundola, Telemaco (Tel) 7 17/12/2014 10 12.709 14,500 2,300
PWC Capital Inc. (formerly Pacific & Western Credit Corp.)
Common Shares TAYLOR, DAVID ROY 4, 7, 5 15/12/2014 10 0.25 1,000,000 40,000
PWC Capital Inc. (formerly Pacific & Western Credit Corp.)
Common Shares TAYLOR, DAVID ROY 4, 7, 5 16/12/2014 10 0.25 1,030,000 30,000
PWC Capital Inc. (formerly Pacific & Western Credit Corp.)
Common Shares TAYLOR, DAVID ROY 4, 7, 5 17/12/2014 10 0.23 1,050,000 20,000
QLT Inc. Common Shares Aryeh, Jason 4 04/06/2012 00
QLT Inc. Common Shares Aryeh, Jason 4 15/12/2014 57 4,000 4,000
QLT Inc. Options Aryeh, Jason 4 17/12/2014 50 50,000 25,000
QLT Inc. Restricted Stock Unit Aryeh, Jason 4 15/12/2014 57 8,000 -4,000
QLT Inc. Restricted Stock Unit Aryeh, Jason 4 17/12/2014 56 20,000 12,000
QLT Inc. Options ASSALY, DORANN CHRISTINE
5 17/12/2014 50 200,000 100,000
QLT Inc. Common Shares Cox, Geoffrey F. 4, 5 04/06/2012 00
QLT Inc. Common Shares Cox, Geoffrey F. 4, 5 15/12/2014 57 2,000 2,000
QLT Inc. Restricted Stock Unit Cox, Geoffrey F. 4, 5 15/12/2014 57 4,000 -2,000
QLT Inc. Options Janes, Lana Elizabeth 5 17/12/2014 50 200,000 100,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11616
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
QLT Inc. Common Shares Kozarich, John W. 4 15/12/2014 57 12,000 2,000
QLT Inc. Options Kozarich, John W. 4 17/12/2014 50 25,000 12,500
QLT Inc. Restricted Stock Unit Kozarich, John W. 4 15/12/2014 57 4,000 -2,000
QLT Inc. Restricted Stock Unit Kozarich, John W. 4 17/12/2014 56 10,000 6,000
QLT Inc. Options Mallick, Sushanta 5 17/12/2014 50 200,000 100,000
QLT Inc. Common Shares Meckler, Jeffrey 4 15/12/2014 57 52,000 2,000
QLT Inc. Common Shares Meckler, Jeffrey 4 18/12/2014 10 3.5946 57,000 5,000
QLT Inc. Common Shares Meckler, Jeffrey 4 18/12/2014 10 3.6 67,000 10,000
QLT Inc. Common Shares Meckler, Jeffrey 4 18/12/2014 10 3.6066 72,000 5,000
QLT Inc. Options Meckler, Jeffrey 4 17/12/2014 50 250,000 12,500
QLT Inc. Restricted Stock Unit Meckler, Jeffrey 4 15/12/2014 57 4,000 -2,000
QLT Inc. Restricted Stock Unit Meckler, Jeffrey 4 17/12/2014 56 10,000 6,000
QLT Inc. Common Shares Sabba, Stephen 4 04/06/2012 00
QLT Inc. Common Shares Sabba, Stephen 4 15/12/2014 57 2,000 2,000
QLT Inc. Options Sabba, Stephen 4 17/12/2014 50 25,000 12,500
QLT Inc. Restricted Stock Unit Sabba, Stephen 4 15/12/2014 57 4,000 -2,000
QLT Inc. Restricted Stock Unit Sabba, Stephen 4 17/12/2014 56 10,000 6,000
QLT Inc. Common Shares Thomas, Jr, John C. 4 04/06/2012 00
QLT Inc. Common Shares Thomas, Jr, John C. 4 15/12/2014 57 2,000 2,000
QLT Inc. Options Thomas, Jr, John C. 4 17/12/2014 50 25,000 12,500
QLT Inc. Restricted Stock Unit Thomas, Jr, John C. 4 15/12/2014 57 4,000 -2,000
QLT Inc. Restricted Stock Unit Thomas, Jr, John C. 4 17/12/2014 56 10,000 6,000
Quartet Resources Limited Common Shares McNaughton, Robb 3 09/12/2014 00 1,100,000
Questerre Energy Corporation
Common Shares Mandatum Life Insurance Company Limited
3 11/12/2014 10 0.41 28,418,997 -81,928
Questerre Energy Corporation
Common Shares Mandatum Life Insurance Company Limited
3 12/12/2014 10 0.38 28,387,829 -31,168
Questerre Energy Corporation
Common Shares Mandatum Life Insurance Company Limited
3 15/12/2014 10 0.4 -145,294
Questerre Energy Corporation
Common Shares Mandatum Life Insurance Company Limited
3 15/12/2014 10 0.4 28,346,728 -41,101
Questerre Energy Corporation
Common Shares Mandatum Life Insurance Company Limited
3 16/12/2014 10 0.37 28,338,728 -8,000
Questerre Energy Corporation
Common Shares Mandatum Life Insurance Company Limited
3 17/12/2014 10 0.38 28,325,478 -13,250
Questerre Energy Corporation
Common Shares Mandatum Life Insurance Company Limited
3 18/12/2014 10 0.41 28,308,536 -16,942
Quinsam Capital Corporation Common Shares Szustak, Eric 3 17/12/2014 10 0.14 0 -39,200
Quinsam Capital Corporation Common Shares Szustak, Eric 3 17/12/2014 10 0.14 503,200 39,200
Red Hut Metals Inc. Common Shares Arca, Gary Vittorio 4, 5 15/12/2014 54 0.06 730,000 100,000
Red Hut Metals Inc. Warrants Arca, Gary Vittorio 4, 5 05/11/2012 00
Red Hut Metals Inc. Warrants Arca, Gary Vittorio 4, 5 15/12/2014 11 100,000 100,000
Red Hut Metals Inc. Warrants Arca, Gary Vittorio 4, 5 15/12/2014 54 0 -100,000
Red Hut Metals Inc. Common Shares Eadie, Robert 4, 5 15/12/2014 54 0.06 1,425,001 300,000
Red Hut Metals Inc. Warrants Eadie, Robert 4, 5 05/11/2012 00
Red Hut Metals Inc. Warrants Eadie, Robert 4, 5 12/12/2014 11 500,000 500,000
Red Hut Metals Inc. Warrants Eadie, Robert 4, 5 15/12/2014 54 200,000 -300,000
Red Hut Metals Inc. Warrants Eadie, Robert 4, 5 15/12/2014 11 0 -200,000
Redhawk Resources, Inc. Common Shares Barley, Jack Stephen 4, 5 07/07/2007 00 1,252,501
Redhawk Resources, Inc. Common Shares Barley, Jack Stephen 4, 5 19/12/2014 90 6,334 -1,252,501
Redknee Solutions Inc. Options Charron, David 5 15/12/2014 50 1.14 267,923
Redknee Solutions Inc. Options Charron, David 5 15/12/2014 50 3.5 961,400 267,923
Redknee Solutions Inc. Rights Performance Share Units
Charron, David 5 15/12/2014 56 3.5 138,880 100,309
Redknee Solutions Inc. Common Shares Kothari, Vishal 5 22/10/2008 00
Redknee Solutions Inc. Common Shares Kothari, Vishal 5 12/12/2014 51 0.36 100,000 100,000
Redknee Solutions Inc. Common Shares Kothari, Vishal 5 12/12/2014 51 0.36 175,000 75,000
Redknee Solutions Inc. Common Shares Kothari, Vishal 5 15/12/2014 47 100,000 -75,000
Redknee Solutions Inc. Options Kothari, Vishal 5 12/12/2014 51 0.36 531,640 -100,000
Redknee Solutions Inc. Options Kothari, Vishal 5 12/12/2014 51 0.36 456,640 -75,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11617
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Redknee Solutions Inc. Options Kothari, Vishal 5 15/12/2014 50 1.14 297,693
Redknee Solutions Inc. Options Kothari, Vishal 5 15/12/2014 50 3.5 754,333 297,693
Redknee Solutions Inc. Rights Performance Share Units
Kothari, Vishal 5 15/12/2014 56 3.5 154,311 111,454
Redknee Solutions Inc. Options McGrady, Brian Christopher 5 15/12/2014 50 1.14 138,181
Redknee Solutions Inc. Options McGrady, Brian Christopher 5 15/12/2014 50 3.5 299,888 138,181
Redknee Solutions Inc. Rights Performance Share Units
McGrady, Brian Christopher 5 15/12/2014 56 3.5 111,374 51,734
Redknee Solutions Inc. Options Newton-Smith, Christopher Patrick
5 15/12/2014 50 1.14 136,440
Redknee Solutions Inc. Options Newton-Smith, Christopher Patrick
5 15/12/2014 50 3.5 528,147 136,440
Redknee Solutions Inc. Rights Performance Share Units
Newton-Smith, Christopher Patrick
5 15/12/2014 56 3.5 71,171 51,082
Redknee Solutions Inc. Options Singhal, Nitin 5 15/12/2014 50 1.14 91,168
Redknee Solutions Inc. Options Singhal, Nitin 5 15/12/2014 50 3.5 469,742 91,168
Redknee Solutions Inc. Rights Performance Share Units
Singhal, Nitin 5 15/12/2014 56 3.5 49,133 34,133
Redknee Solutions Inc. Options Skoczkowski, Lucas Atanazy
3, 4, 5 15/12/2014 50 1.14 576,779
Redknee Solutions Inc. Options Skoczkowski, Lucas Atanazy
3, 4, 5 15/12/2014 50 3.5 1,706,833 576,779
Redknee Solutions Inc. Rights Performance Share Units
Skoczkowski, Lucas Atanazy
3, 4, 5 15/12/2014 56 3.5 298,979 215,943
Redknee Solutions Inc. Options Smeets, Herman (Roy) 5 15/12/2014 50 1.14 107,296
Redknee Solutions Inc. Options Smeets, Herman (Roy) 5 15/12/2014 50 3.5 155,565 107,296
Redknee Solutions Inc. Rights Performance Share Units
Smeets, Herman (Roy) 5 15/12/2014 56 3.5 55,885 40,171
REIT INDEXPLUS Income Fund
Trust Units REIT INDEXPLUS Income Fund
1 12/12/2014 38 11.85 7,841,978 800
REIT INDEXPLUS Income Fund
Trust Units REIT INDEXPLUS Income Fund
1 15/12/2014 38 11.77 7,843,978 2,000
REIT INDEXPLUS Income Fund
Trust Units REIT INDEXPLUS Income Fund
1 16/12/2014 38 11.62 7,845,178 1,200
REIT INDEXPLUS Income Fund
Trust Units REIT INDEXPLUS Income Fund
1 17/12/2014 38 11.827 7,847,378 2,200
Relentless Resources Ltd. Common Shares Frame, Murray M. 4 12/12/2014 11 0.225 1,767,217 266,667
Relentless Resources Ltd. Common Shares Frame, Murray M. 4 12/12/2014 11 0.27 1,952,402 185,185
Relentless Resources Ltd. Common Shares MacDonald, William Colin 4 12/12/2014 10 0.27 111,111
Relentless Resources Ltd. Common Shares MacDonald, William Colin 4 12/12/2014 11 0.27 319,444 111,111
Relentless Resources Ltd. Common Shares MacDonald, William Colin 4 12/12/2014 10 0.27 259,259
Relentless Resources Ltd. Common Shares MacDonald, William Colin 4 12/12/2014 11 0.27 1,809,881 259,259
Relentless Resources Ltd. Common Shares MacDonald, William Colin 4 12/12/2014 10 0.225 444,445
Relentless Resources Ltd. Common Shares MacDonald, William Colin 4 12/12/2014 11 0.225 3,287,700 444,445
Relentless Resources Ltd. Common Shares Peshke, Ronald John 4 12/12/2014 11 0.27 6,724,262 1,125,000
Relentless Resources Ltd. Common Shares Thomson, Hugh McKenzie 5 12/12/2014 10 0.225 444,445
Relentless Resources Ltd. Common Shares Thomson, Hugh McKenzie 5 12/12/2014 11 0.225 1,769,736 444,445
Relentless Resources Ltd. Common Shares Wilson, Daniel Thomas 4, 5 12/12/2014 11 0.225 2,505,333 1,333,333
Renaissance Gold Inc. Common Shares Bedell, Jr., Richard L. 4, 5 17/12/2014 10 0.197 2,306,931 4,000
Renaissance Gold Inc. Common Shares Bedell, Jr., Richard L. 4, 5 17/12/2014 10 0.198 2,328,931 22,000
Renaissance Gold Inc. Common Shares Bedell, Jr., Richard L. 4, 5 17/12/2014 10 0.191 2,350,931 22,000
RESAAS Services Inc. Common Shares Sissons, Danielle 5 10/12/2014 10 2.21 4,400 -100
RESAAS Services Inc. Common Shares Sissons, Danielle 5 15/12/2014 10 2.1 0 -4,400
Response Biomedical Corp Common Shares Zhou, Xuyi 3 12/12/2014 00
Response Biomedical Corp Common Shares Zhou, Xuyi 3 12/12/2014 11 1.21 900,000 900,000
Response Biomedical Corp Common Shares Zhou, Xuyi 3 12/12/2014 00
Response Biomedical Corp Common Shares Zhou, Xuyi 3 12/12/2014 11 1.21 900,000 900,000
Response Biomedical Corp Common Shares Zhou, Xuyi 3 12/12/2014 00
Response Biomedical Corp Common Shares Zhou, Xuyi 3 12/12/2014 00
Response Biomedical Corp Common Shares Zhou, Xuyi 3 12/12/2014 00
Response Biomedical Corp Common Shares Zhou, Xuyi 3 12/12/2014 11 1.21 900,000
Response Biomedical Corp Common Shares Zhou, Xuyi 3 12/12/2014 11 1.21 900,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11618
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
3G Special Situations Fund II, L.P.
3 12/12/2014 00 243,858,915
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
Barbosa, Paulo Arcoverde 7 12/12/2014 00 24,772
Restaurant Brands International Inc.
Options Barbosa, Paulo Arcoverde 7 12/12/2014 00 228,019
Restaurant Brands International Inc.
Options Behring, Alexandre 4, 5 12/12/2014 00 212,105
Restaurant Brands International Inc.
Units Restricted Shares Behring, Alexandre 4, 5 12/12/2014 00 89,217
Restaurant Brands International Inc.
Common Shares Berkshire Hathaway Inc. 3 12/12/2014 00
Restaurant Brands International Inc.
Common Shares Berkshire Hathaway Inc. 3 15/12/2014 54 0.01 8,438,225 8,438,225
Restaurant Brands International Inc.
Preferred Shares Class A Berkshire Hathaway Inc. 3 12/12/2014 00
Restaurant Brands International Inc.
Preferred Shares Class A Berkshire Hathaway Inc. 3 12/12/2014 11 68,530,939 68,530,939
Restaurant Brands International Inc.
Warrants Berkshire Hathaway Inc. 3 12/12/2014 00
Restaurant Brands International Inc.
Warrants Berkshire Hathaway Inc. 3 12/12/2014 11 0.01 1 1
Restaurant Brands International Inc.
Warrants Berkshire Hathaway Inc. 3 15/12/2014 54 0.01 0 -1
Restaurant Brands International Inc.
Common Shares Caira, Marc 4 12/12/2014 00 28,569
Restaurant Brands International Inc.
Options Caira, Marc 4 12/12/2014 00 541,135
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
Cil, José E. 5 15/12/2014 00 105,758
Restaurant Brands International Inc.
Options Cil, José E. 5 15/12/2014 00 1,572,988
Restaurant Brands International Inc.
Common Shares Clanachan, David F. 7 12/12/2014 00 78,934
Restaurant Brands International Inc.
Options Clanachan, David F. 7 12/12/2014 00 170,293
Restaurant Brands International Inc.
Common Shares Diaz-Sese, Elias 5 15/12/2014 00 67,936
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
Diaz-Sese, Elias 5 15/12/2014 00 686
Restaurant Brands International Inc.
Options Diaz-Sese, Elias 5 15/12/2014 00 1,174,413
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
Franklin, Martin E. 4 12/12/2014 00 1,161,469
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
Franklin, Martin E. 4 12/12/2014 00 435,016
Restaurant Brands International Inc.
Options Franklin, Martin E. 4 12/12/2014 00 32,786
Restaurant Brands International Inc.
Units Restricted Shares Franklin, Martin E. 4 12/12/2014 00 5,277
Restaurant Brands International Inc.
Options Fribourg, Paul J 4 12/12/2014 00 106,050
Restaurant Brands International Inc.
Units Restricted Shares Fribourg, Paul J 4 12/12/2014 00 43,258
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
Friesner, Jacqueline 5 15/12/2014 00 9,098
Restaurant Brands International Inc.
Options Friesner, Jacqueline 5 15/12/2014 00 192,965
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
Giles-Klein, Lisa 7 12/12/2014 00 38,407
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11619
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Restaurant Brands International Inc.
Options Giles-Klein, Lisa 7 12/12/2014 00 222,322
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
Goncalves, Heitor 5 15/12/2014 00 107,478
Restaurant Brands International Inc.
Options Goncalves, Heitor 5 15/12/2014 00 959,975
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
Granat, Jill 5 15/12/2014 00 52,965
Restaurant Brands International Inc.
Options Granat, Jill 5 15/12/2014 00 552,774
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
Kobza, Joshua 5 15/12/2014 00 5,413
Restaurant Brands International Inc.
Options Kobza, Joshua 5 15/12/2014 00 533,767
Restaurant Brands International Inc.
Common Shares Lederer, John A. 4 12/12/2014 00 12,400
Restaurant Brands International Inc.
Common Shares Parker, Alan 4 12/12/2014 00 14,850
Restaurant Brands International Inc.
Common Shares Parker, Alan 4 12/12/2014 00 29,700
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
Parker, Alan 4 12/12/2014 00
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
Parker, Alan 4 12/12/2014 00
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
Parker, Alan 4 12/12/2014 00 150
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
Parker, Alan 4 12/12/2014 00 300
Restaurant Brands International Inc.
Options Parker, Alan 4 12/12/2014 00 32,786
Restaurant Brands International Inc.
Units Restricted Shares Parker, Alan 4 12/12/2014 00 8,625
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
Schwartz, Daniel S. 4, 5 12/12/2014 00 137,996
Restaurant Brands International Inc.
Options Schwartz, Daniel S. 4, 5 12/12/2014 00 2,605,034
Restaurant Brands International Inc.
Options Sicupira, Carlos Alberto 4 12/12/2014 00 106,050
Restaurant Brands International Inc.
Units Restricted Shares Sicupira, Carlos Alberto 4 12/12/2014 00 44,608
Restaurant Brands International Inc.
Exchangeable Units of Restaurant Brands International LP
Siddiqui, Sami 7 12/12/2014 00 213
Restaurant Brands International Inc.
Options Siddiqui, Sami 7 12/12/2014 00 50,712
Restaurant Brands International Inc.
Options Thompson Motta, Roberto Moses
4 12/12/2012 00 25,627
Restaurant Brands International Inc.
Units Restricted Shares Thompson Motta, Roberto Moses
4 12/12/2012 00 2,175
Restaurant Brands International Inc.
Options Van Damme, Alexandre 4 12/12/2014 00
Restaurant Brands International Inc.
Options Van Damme, Alexandre 4 12/12/2014 00
Restaurant Brands International Inc.
Options Van Damme, Alexandre 4 12/12/2014 00 141,105
Restaurant Brands International Inc.
Units Restricted Shares Van Damme, Alexandre 4 12/12/2014 00 11,175
Restaurant Brands International Limited Partnership
Units Class B Exchangeable Limited Partnership
3G Special Situations Fund II, L.P.
3 12/12/2014 00 243,858,915
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11620
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Restaurant Brands International Limited Partnership
Units Class B Exchangeable Limited Partnership
Barbosa, Paulo Arcoverde 7 12/12/2014 00 24,772
Restaurant Brands International Limited Partnership
Units Class B Exchangeable Limited Partnership
Cil, José E. 6 15/12/2014 00 105,758
Restaurant Brands International Limited Partnership
Units Class B Exchangeable Limited Partnership
Diaz-Sese, Elias 6 15/12/2014 00 686
Restaurant Brands International Limited Partnership
Units Class B Exchangeable Limited Partnership
Franklin, Martin E. 6 12/12/2014 00 1,161,469
Restaurant Brands International Limited Partnership
Units Class B Exchangeable Limited Partnership
Franklin, Martin E. 6 12/12/2014 00 435,016
Restaurant Brands International Limited Partnership
Units Class B Exchangeable Limited Partnership
Friesner, Jacqueline 6 15/12/2014 00 9,098
Restaurant Brands International Limited Partnership
Units Class B Exchangeable Limited Partnership
Giles-Klein, Lisa 7 12/12/2014 00 38,407
Restaurant Brands International Limited Partnership
Units Class B Exchangeable Limited Partnership
Goncalves, Heitor 6 15/12/2014 00 107,478
Restaurant Brands International Limited Partnership
Units Class B Exchangeable Limited Partnership
Granat, Jill 6 15/12/2014 00 552,774
Restaurant Brands International Limited Partnership
Units Class B Exchangeable Limited Partnership
Kobza, Joshua 6 15/12/2014 00 5,413
Restaurant Brands International Limited Partnership
Units Class B Exchangeable Limited Partnership
Parker, Alan 6 12/12/2014 00 150
Restaurant Brands International Limited Partnership
Units Class B Exchangeable Limited Partnership
Parker, Alan 6 12/12/2014 00 300
Restaurant Brands International Limited Partnership
Units Class B Exchangeable Limited Partnership
Schwartz, Daniel S. 6 12/12/2014 00 137,996
Restaurant Brands International Limited Partnership
Units Class B Exchangeable Limited Partnership
Siddiqui, Sami 7 12/12/2014 00 213
Resverlogix Corp. Options Sweeney, Michael 5 03/11/2014 00
Resverlogix Corp. Options Sweeney, Michael 5 15/12/2014 50 200,000
Resverlogix Corp. Options Sweeney, Michael 5 15/12/2014 50 200,000
Resverlogix Corp. Restricted Share Units (RSU's)
Sweeney, Michael 5 03/11/2014 00
Resverlogix Corp. Restricted Share Units (RSU's)
Sweeney, Michael 5 15/12/2014 56 200,000 200,000
Richards Packaging Income Fund
Trust Units Di Gennaro, Enzio 5 18/12/2014 10 12.95 8,290 200
Richards Packaging Income Fund
Trust Units Prupas, David Lewis 7 12/12/2014 10 13 381,405 900
Richards Packaging Income Fund
Trust Units Prupas, David Lewis 7 16/12/2014 10 12.98 381,505 100
Richards Packaging Income Fund
Trust Units Prupas, David Lewis 7 16/12/2014 10 12.99 381,805 300
Richards Packaging Income Fund
Trust Units Prupas, David Lewis 7 16/12/2014 10 13.06 383,905 2,100
Richards Packaging Income Fund
Trust Units Prupas, David Lewis 7 16/12/2014 10 13.07 387,305 3,400
Richmont Mines Inc. Restricted Share Unit / Unité d'action restreinte
Adam, Daniel 5 25/02/2013 00
Richmont Mines Inc. Restricted Share Unit / Unité d'action restreinte
Adam, Daniel 5 10/12/2014 56 3.73 7,000 7,000
Richmont Mines Inc. Subscription Rights RSU Adam, Daniel 5 10/12/2014 56 3.73 7,000
Richmont Mines Inc. Subscription Rights RSU Adam, Daniel 5 10/12/2014 56 3.73 7,000
Richmont Mines Inc. Restricted Share Unit / Unité d'action restreinte
Chamandy, H. Gregory 3, 4 07/05/2009 00
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11621
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Richmont Mines Inc. Restricted Share Unit / Unité d'action restreinte
Chamandy, H. Gregory 3, 4 10/12/2014 56 3.73 14,000 14,000
Richmont Mines Inc. Subscription Rights RSU Chamandy, H. Gregory 3, 4 10/12/2014 56 3.73 14,000
Richmont Mines Inc. Subscription Rights RSU Chamandy, H. Gregory 3, 4 10/12/2014 56 3.73 14,000
Richmont Mines Inc. Restricted Share Unit / Unité d'action restreinte
Ellingham, Elaine 4, 5 04/02/2010 00
Richmont Mines Inc. Restricted Share Unit / Unité d'action restreinte
Ellingham, Elaine 4, 5 10/12/2014 56 3.73 11,000 11,000
Richmont Mines Inc. Subscription Rights RSU Ellingham, Elaine 4, 5 10/12/2014 56 3.73 11,000
Richmont Mines Inc. Subscription Rights RSU Ellingham, Elaine 4, 5 10/12/2014 56 3.73 11,000
Richmont Mines Inc. Restricted Share Unit / Unité d'action restreinte
Émond, Rosaire 5 13/01/2014 00
Richmont Mines Inc. Restricted Share Unit / Unité d'action restreinte
Émond, Rosaire 5 10/12/2014 56 3.73 7,000 7,000
Richmont Mines Inc. Subscription Rights RSU Émond, Rosaire 5 10/12/2014 56 3.73 7,000
Richmont Mines Inc. Subscription Rights RSU Émond, Rosaire 5 10/12/2014 56 3.73 7,000
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 16/12/2014 10 3.1689 79,100 -900
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 16/12/2014 10 3.1733 78,800 -300
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 16/12/2014 10 3.1795 76,900 -1,900
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 16/12/2014 10 3.1783 76,300 -600
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 16/12/2014 10 3.18 75,600 -700
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 16/12/2014 10 3.19 75,400 -200
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 16/12/2014 10 3.175 75,000 -400
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 17/12/2014 10 3.27 70,700 -4,300
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 17/12/2014 10 3.3039 68,900 -1,800
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 17/12/2014 10 3.3 68,800 -100
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 17/12/2014 10 3.3067 68,500 -300
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 17/12/2014 10 3.304 67,500 -1,000
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 17/12/2014 10 3.2627 62,300 -5,200
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 17/12/2014 10 3.2985 58,400 -3,900
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 18/12/2014 10 3.59 55,500 -2,900
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 18/12/2014 10 3.55 54,800 -700
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 18/12/2014 10 3.54 52,500 -2,300
Richmont Mines Inc. Common Shares Marion, Rene Luis Joseph 4 18/12/2014 10 3.55 50,000 -2,500
Richmont Mines Inc. Restricted Share Unit / Unité d'action restreinte
Marion, Rene Luis Joseph 4 06/11/2013 00
Richmont Mines Inc. Restricted Share Unit / Unité d'action restreinte
Marion, Rene Luis Joseph 4 10/12/2014 56 3.73 11,000 11,000
Richmont Mines Inc. Subscription Rights RSU Marion, Rene Luis Joseph 4 10/12/2014 56 3.73 11,000
Richmont Mines Inc. Subscription Rights RSU Marion, Rene Luis Joseph 4 10/12/2014 56 3.73 11,000
Richmont Mines Inc. Restricted Share Unit / Unité d'action restreinte
Pesner, Michael 4 01/11/2010 00
Richmont Mines Inc. Restricted Share Unit / Unité d'action restreinte
Pesner, Michael 4 10/12/2014 56 3.73 11,000 11,000
Richmont Mines Inc. Subscription Rights RSU Pesner, Michael 4 10/12/2014 56 3.73 11,000
Richmont Mines Inc. Subscription Rights RSU Pesner, Michael 4 10/12/2014 56 3.73 11,000
Richmont Mines Inc. Restricted Share Unit / Unité d'action restreinte
Tardif, Mélissa 5 08/12/2011 00
Richmont Mines Inc. Restricted Share Unit / Unité d'action restreinte
Tardif, Mélissa 5 10/12/2014 56 3.73 2,700 2,700
Richmont Mines Inc. Subscription Rights RSU Tardif, Mélissa 5 10/12/2014 56 3.73 2,700
Richmont Mines Inc. Subscription Rights RSU Tardif, Mélissa 5 10/12/2014 56 3.73 2,700
Richmont Mines Inc. Restricted Share Unit / Unité d'action restreinte
Veilleux, Nicole 5 01/03/2006 00
Richmont Mines Inc. Restricted Share Unit / Unité d'action restreinte
Veilleux, Nicole 5 10/12/2014 56 3.73 8,500 8,500
Richmont Mines Inc. Subscription Rights RSU Veilleux, Nicole 5 10/12/2014 56 3.73 8,500
Richmont Mines Inc. Subscription Rights RSU Veilleux, Nicole 5 10/12/2014 56 3.73 8,500
Rift Valley Resources Corp. Common Shares Robson, Craig George Thomas
4 18/12/2014 10 0.01 1,939,000 200,000
RIOCAN REAL ESTATE INVESTMENT TRUST
Deferred Units Brooks, Bonnie 4 15/12/2014 56 5,631 889
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11622
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
RIOCAN REAL ESTATE INVESTMENT TRUST
Deferred Units Copeland, Clare Robert 4 15/12/2014 56 5,629 831
RIOCAN REAL ESTATE INVESTMENT TRUST
Deferred Units Godfrey, Paul Victor 4 15/12/2014 56 7,670 725
RIOCAN REAL ESTATE INVESTMENT TRUST
Deferred Units Lastman, Dale Howard 4 15/12/2014 56 4,888 460
RIOCAN REAL ESTATE INVESTMENT TRUST
Deferred Units Sallows, Sharon 4 15/12/2014 56 6,453 1,189
RIOCAN REAL ESTATE INVESTMENT TRUST
Deferred Units Vanneste, Luc Andre 4 15/12/2014 30 6,265 1,094
RIOCAN REAL ESTATE INVESTMENT TRUST
Deferred Units Winograd, Charles 4 15/12/2014 56 5,914 986
RMP Energy Inc. Common Shares Bernhard, Dean 5 15/12/2014 10 3.78 451,321 5,000
RMP Energy Inc. Common Shares McFarlane, Robert Bruce 5 16/12/2014 10 4.2 316,254 10,000
RMP Energy Inc. Common Shares McFarlane, Robert Bruce 5 16/12/2014 10 4.01 326,254 10,000
RMP Energy Inc. Common Shares McFarlane, Robert Bruce 5 18/12/2014 10 4.55 336,254 10,000
RMP Energy Inc. Common Shares McFarlane, Robert Bruce 5 16/12/2014 10 4.15 140,438 10,000
RMP Energy Inc. Common Shares McFarlane, Robert Bruce 5 18/12/2014 10 4.58 150,438 10,000
RMP Energy Inc. Common Shares McFarlane, Robert Bruce 5 16/12/2014 10 4.05 50,000 10,000
RMP Energy Inc. Common Shares McFarlane, Robert Bruce 5 16/12/2014 10 4.05 130,000 10,000
Rock Energy Inc. Common Shares Bey, Allen J. 4, 5 29/08/2014 30 7.54 261,174 284
Rock Energy Inc. Common Shares Bey, Allen J. 4, 5 29/09/2014 30 7.2169 261,471 297
Rock Energy Inc. Common Shares Bey, Allen J. 4, 5 06/11/2014 30 5.09 261,892 421
Rock Energy Inc. Common Shares Bey, Allen J. 4, 5 25/11/2014 30 4.2056 262,402 510
Rock Energy Inc. Common Shares Campbell, Jeffrey G. 5 29/08/2014 30 7.54 294,023 259
Rock Energy Inc. Common Shares Campbell, Jeffrey G. 5 29/09/2014 30 7.2169 294,294 271
Rock Energy Inc. Common Shares Campbell, Jeffrey G. 5 06/11/2014 30 5.09 294,678 384
Rock Energy Inc. Common Shares Campbell, Jeffrey G. 5 25/11/2014 30 4.2056 295,143 465
Rock Energy Inc. Common Shares Hirtle, Gregory Todd 5 29/08/2014 30 7.54 1,332 237
Rock Energy Inc. Common Shares Hirtle, Gregory Todd 5 29/09/2014 30 7.2169 1,580 248
Rock Energy Inc. Common Shares Hirtle, Gregory Todd 5 06/11/2014 30 5.09 1,931 351
Rock Energy Inc. Common Shares Hirtle, Gregory Todd 5 25/11/2014 30 4.2056 2,356 425
Rock Energy Inc. Common Shares Hirtle, Gregory Todd 5 17/12/2014 10 1.09 70,000
Rock Energy Inc. Common Shares Hirtle, Gregory Todd 5 17/12/2014 51 1.09 72,356 70,000
Rock Energy Inc. Options Hirtle, Gregory Todd 5 17/12/2014 51 1.09 280,000 -70,000
Rock Energy Inc. Common Shares Kober, Scott 5 29/08/2014 30 7.54 18,708 215
Rock Energy Inc. Common Shares Kober, Scott 5 29/09/2014 30 7.2169 18,933 225
Rock Energy Inc. Common Shares Kober, Scott 5 06/11/2014 30 5.09 19,252 319
Rock Energy Inc. Common Shares Kober, Scott 5 25/11/2014 30 4.2056 19,638 386
Rock Energy Inc. Common Shares McDonald, Joshua 5 29/08/2014 30 7.54 2,955 237
Rock Energy Inc. Common Shares McDonald, Joshua 5 29/09/2014 30 7.2169 3,203 248
Rock Energy Inc. Common Shares McDonald, Joshua 5 06/11/2014 30 5.09 3,554 351
Rock Energy Inc. Common Shares McDonald, Joshua 5 25/11/2014 30 4.2056 3,979 425
RockBridge Resources Inc. Common Shares Mathiesen, Steve 4, 5 15/12/2014 10 0.03 1,385,881 5,000
RockBridge Resources Inc. Common Shares Mathiesen, Steve 4, 5 15/12/2014 10 0.03 1,397,881 12,000
RockBridge Resources Inc. Common Shares Mathiesen, Steve 4, 5 19/12/2014 10 0.035 1,402,881 5,000
RockBridge Resources Inc. Common Shares Mathiesen, Steve 4, 5 19/12/2014 10 0.03 1,405,881 3,000
RockBridge Resources Inc. Common Shares Sangha, Gurminder Singh 4 16/12/2014 10 0.02 234,000 1,000
Rockex Mining Corporation (formerly Enviropave International Ltd.)
Common Shares Filion, Gilles 4 15/12/2014 16 0.02 3,390,000 1,000,000
Rockex Mining Corporation (formerly Enviropave International Ltd.)
Warrants Filion, Gilles 4 15/12/2014 16 0.05 4,000,000 1,000,000
Rockex Mining Corporation (formerly Enviropave International Ltd.)
Common Shares Gagne, Pierre 4 15/12/2014 16 0.02 39,382,950 1,000,000
Rockex Mining Corporation (formerly Enviropave International Ltd.)
Common Shares Gagne, Pierre 4 15/12/2014 16 0.02 12,741,194 4,250,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11623
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Rockex Mining Corporation (formerly Enviropave International Ltd.)
Warrants Gagne, Pierre 4 15/12/2014 16 0.05 13,143,750 1,000,000
Rockex Mining Corporation (formerly Enviropave International Ltd.)
Warrants Gagne, Pierre 4 15/12/2014 16 0.05 5,149,254 4,250,000
Rockex Mining Corporation (formerly Enviropave International Ltd.)
Common Shares Gagnon, Denis 4 15/12/2014 16 0.02 4,654,000 1,000,000
Rockex Mining Corporation (formerly Enviropave International Ltd.)
Warrants Gagnon, Denis 4 15/12/2014 16 0.05 3,750,000 1,000,000
Rockex Mining Corporation (formerly Enviropave International Ltd.)
Common Shares Plastino, Armando 4 15/12/2014 16 0.02 3,670,000 1,000,000
Rockex Mining Corporation (formerly Enviropave International Ltd.)
Warrants Plastino, Armando 4 15/12/2014 16 0.05 4,750,000 1,000,000
Rockex Mining Corporation (formerly Enviropave International Ltd.)
Common Shares Tondeur, Jonathan 4 15/12/2014 16 0.02 6,829,326 1,000,000
Rockex Mining Corporation (formerly Enviropave International Ltd.)
Warrants Tondeur, Jonathan 4 15/12/2014 16 0.05 5,000,000 1,000,000
Rockhaven Resources Ltd. Common Shares Eaton, William Douglas 6 17/12/2014 10 11,435,000 25,000
Rockhaven Resources Ltd. Common Shares Eaton, William Douglas 6 18/12/2014 10 11,460,000 25,000
Rockhaven Resources Ltd. Common Shares Eaton, William Douglas 6 15/12/2014 10 11,360,000 26,500
Rockhaven Resources Ltd. Common Shares Eaton, William Douglas 6 16/12/2014 10 11,410,000 50,000
Rockland Minerals Corp. Common Shares MacQuarrie, Douglas Richard
3 10/12/2014 10 0.0388 4,688,000 68,000
Rocky Mountain Dealerships Inc.
Common Shares Ascott, David 5 16/12/2014 10 8.85 7,995 750
Rocky Mountain Dealerships Inc.
Common Shares Campbell, Matthew Christopher
3, 4, 5 18/12/2014 10 8.85 13,519 -50,000
Rogers Communications Inc. Non-Voting Shares Class B
Horn, Alan Douglas 4, 6, 7, 5 17/12/2014 47 430,000 -455,000
Rogers Communications Inc. Non-Voting Shares Class B
Rogers Control Trust 3 18/12/2014 10 45 16,961,587 144,000
Rogers Communications Inc. Non-Voting Shares Class B
Rogers Control Trust 3 18/12/2014 10 45 17,128,587 167,000
Rogers Communications Inc. Non-Voting Shares Class B
Rogers Control Trust 3 18/12/2014 10 45 17,272,587 144,000
Rogers Communications Inc. Non-Voting Shares Class B
Rogers, Edward 4, 6, 7, 5 17/12/2014 47 430,000 -455,000
Rogers Communications Inc. Non-Voting Shares Class B
Rogers, Melinda M. 4, 6, 7, 5 17/12/2014 47 430,000 -455,000
Rosa Capital Inc. Common Shares Geremia, Massimo Mario 4 12/12/2014 10 0.05 203,000 5,000
ROSEHEARTY ENERGY INC.
Common Shares Passin, James 3 09/04/2014 00
ROSEHEARTY ENERGY INC.
Common Shares Passin, James 3 01/08/2014 36 0.1 4,200,000 4,200,000
ROSEHEARTY ENERGY INC.
Common Shares Passin, James 3 01/08/2014 97 4,388,548 188,548
ROSEHEARTY ENERGY INC.
Convertible Notes Passin, James 3 01/08/2014 36 0.1 $0 -$420,000
ROSEHEARTY ENERGY INC.
Warrants Passin, James 3 09/04/2014 00
ROSEHEARTY ENERGY INC.
Warrants Passin, James 3 01/08/2014 36 0.1 4,200,000 4,200,000
Route1 Inc. Common Shares Busseri, Tony P 4 17/12/2014 10 0.03 2,957,334 167,000
Route1 Inc. Common Shares De Jong, Louis Anthony 4 17/12/2014 10 0.03 21,840,000 743,000
Route1 Inc. Common Shares Harris, Michael Deane 4 17/12/2014 10 0.03 450,000 325,000
Royal Bank of Canada Rights RBC Capital Markets Unit Awards
Anderson, Robert James 5 15/12/2014 59 79.23 39,044 -35,643
Royal Bank of Canada Rights RBC Capital Markets Unit Awards
Anderson, Robert James 5 15/12/2014 56 79.23 58,228 19,184
Royal Bank of Canada Options Fukakusa, Janice Rose 5 15/12/2014 50 78.587 498,712 43,040
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11624
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Royal Bank of Canada Rights Performance Deferred Share Units
Fukakusa, Janice Rose 5 14/12/2014 70 78.852 -40,840
Royal Bank of Canada Rights Performance Deferred Share Units
Fukakusa, Janice Rose 5 14/12/2014 59 78.852 77,080 -40,840
Royal Bank of Canada Rights Performance Deferred Share Units
Fukakusa, Janice Rose 5 15/12/2014 56 78.852 106,249 29,169
Royal Bank of Canada Options Hirji-Nowaczynski, Zabeen 5 15/12/2014 50 78.587 251,883 19,836
Royal Bank of Canada Rights Performance Deferred Share Units
Hirji-Nowaczynski, Zabeen 5 14/12/2014 59 78.852 37,180 -20,635
Royal Bank of Canada Rights Performance Deferred Share Units
Hirji-Nowaczynski, Zabeen 5 15/12/2014 56 78.852 50,623 13,443
Royal Bank of Canada Rights RBC Share Units Hirji-Nowaczynski, Zabeen 5 15/12/2014 56 78.852 4,054 2,029
Royal Bank of Canada Options Hughes, Mark Richard 5 10/01/2014 00
Royal Bank of Canada Options Hughes, Mark Richard 5 15/12/2014 50 78.587 31,438 31,438
Royal Bank of Canada Rights Performance Deferred Share Units
Hughes, Mark Richard 5 10/01/2014 00
Royal Bank of Canada Rights Performance Deferred Share Units
Hughes, Mark Richard 5 15/12/2014 56 78.852 21,306 21,306
Royal Bank of Canada Rights RBC Capital Markets Unit Awards
Hughes, Mark Richard 5 15/12/2014 59 79.23 38,706 -32,551
Royal Bank of Canada Options Lewis, Melville George 5 15/12/2014 50 78.587 510,905 39,298
Royal Bank of Canada Rights Performance Deferred Share Units
Lewis, Melville George 5 14/12/2014 59 78.852 71,309 -42,991
Royal Bank of Canada Rights Performance Deferred Share Units
Lewis, Melville George 5 15/12/2014 56 78.852 97,941 26,632
Royal Bank of Canada Options McGregor, Alex Douglas 5 15/12/2014 50 78.587 812,216 102,174
Royal Bank of Canada Rights Performance Deferred Share Units
McGregor, Alex Douglas 5 14/12/2014 59 78.852 175,338 -86,066
Royal Bank of Canada Rights Performance Deferred Share Units
McGregor, Alex Douglas 5 15/12/2014 56 78.852 244,581 69,243
Royal Bank of Canada Options McKay, David Ian 4, 5 15/12/2014 50 78.587 635,886 74,852
Royal Bank of Canada Rights Performance Deferred Share Units
McKay, David Ian 4, 5 14/12/2014 59 78.852 84,456 -47,289
Royal Bank of Canada Rights Performance Deferred Share Units
McKay, David Ian 4, 5 15/12/2014 56 78.852 135,184 50,728
Royal Bank of Canada Options Ross, Bruce Washington 5 01/01/2014 00
Royal Bank of Canada Options Ross, Bruce Washington 5 15/12/2014 50 78.587 26,200 26,200
Royal Bank of Canada Rights Performance Deferred Share Units
Ross, Bruce Washington 5 01/01/2014 00
Royal Bank of Canada Rights Performance Deferred Share Units
Ross, Bruce Washington 5 15/12/2014 56 78.852 17,755 17,755
Royal Bank of Canada Options Tory, Jennifer Anne 5 15/12/2014 50 78.587 58,398 17,966
Royal Bank of Canada Rights Performance Deferred Share Units
Tory, Jennifer Anne 5 14/12/2014 59 78.852 8,046 -5,159
Royal Bank of Canada Rights Performance Deferred Share Units
Tory, Jennifer Anne 5 15/12/2014 56 78.852 20,221 12,175
Royal Bank of Canada Rights RBC Share Units Tory, Jennifer Anne 5 14/12/2014 59 78.852 2,459 -1,607
Royal Nickel Corporation Options Goudie, Peter James 4 12/12/2014 50 0.335 520,000 80,000
Royal Nickel Corporation Options Hand, Scott McKee 4, 5 12/12/2014 50 0.335 780,000 120,000
Royal Nickel Corporation Options Jones, Peter Clark 4 12/12/2014 50 0.335 520,000 80,000
Royal Nickel Corporation Options Marzoli, Frank 4 12/12/2014 50 0.335 570,000 80,000
Royal Nickel Corporation Options Masson, Gilles 4 12/12/2014 50 0.335 570,000 80,000
Royal Nickel Corporation Options McInnes, Donald Arthur 4 12/12/2014 50 0.335 332,490 80,000
Royal Nickel Corporation Options Mitchelson, Tyler Scott 4 12/12/2014 50 0.335 745,000 80,000
Royal Nickel Corporation Options Muinonen, Johnna Louise 5 12/12/2014 50 0.335 767,500 250,000
Royal Nickel Corporation Rights Restricted Share Units
Muinonen, Johnna Louise 5 12/12/2014 50 0.335 250,000
Royal Nickel Corporation Rights Restricted Share Units
Muinonen, Johnna Louise 5 12/12/2014 56 338,436 78,358
Royal Nickel Corporation Rights Restricted Share Units
Muinonen, Johnna Louise 5 14/12/2014 56 351,561 13,125
Royal Nickel Corporation Rights Restricted Share Units
Muinonen, Johnna Louise 5 16/12/2014 57 -81,026
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11625
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Royal Nickel Corporation Rights Restricted Share Units
Muinonen, Johnna Louise 5 16/12/2014 38 270,535 -81,026
Royal Nickel Corporation Rights Restricted Share Units
Muinonen, Johnna Louise 5 16/12/2014 57 -16,205
Royal Nickel Corporation Rights Restricted Share Units
Muinonen, Johnna Louise 5 16/12/2014 38 254,330 -16,205
Royal Nickel Corporation Options Selby, Mark Thomas Henry 5 12/12/2014 50 0.335 1,165,000 250,000
Royal Nickel Corporation Rights Restricted Share Units
Selby, Mark Thomas Henry 5 12/12/2014 56 627,163 252,486
Royal Nickel Corporation Rights Restricted Share Units
Selby, Mark Thomas Henry 5 14/12/2014 56 648,726 21,563
Royal Nickel Corporation Rights Restricted Share Units
Selby, Mark Thomas Henry 5 16/12/2014 57 -89,285
Royal Nickel Corporation Rights Restricted Share Units
Selby, Mark Thomas Henry 5 16/12/2014 38 559,441 -89,285
Royal Nickel Corporation Rights Restricted Share Units
Selby, Mark Thomas Henry 5 16/12/2014 57 -17,857
Royal Nickel Corporation Rights Restricted Share Units
Selby, Mark Thomas Henry 5 16/12/2014 38 541,584 -17,857
Royal Nickel Corporation Rights Restricted Share Units
Sinclair, George Fraser Bruce
5 14/12/2014 56 376,593 17,500
Royal Nickel Corporation Rights Restricted Share Units
Sinclair, George Fraser Bruce
5 16/12/2014 57 -118,303
Royal Nickel Corporation Rights Restricted Share Units
Sinclair, George Fraser Bruce
5 16/12/2014 38 258,290 -118,303
Royal Nickel Corporation Rights Restricted Share Units
Sinclair, George Fraser Bruce
5 16/12/2014 57 -23,660
Royal Nickel Corporation Rights Restricted Share Units
Sinclair, George Fraser Bruce
5 16/12/2014 38 234,630 -23,660
Royal Nickel Corporation Options Sittler, Darryl 4 12/12/2014 50 0.335 570,000 80,000
Royal Nickel Corporation Options St-Jean, Joseph Alger Raymond
5 12/12/2014 50 0.335 1,067,500 250,000
Royal Nickel Corporation Rights Restricted Share Units
St-Jean, Joseph Alger Raymond
5 12/12/2014 56 334,955 78,358
Royal Nickel Corporation Rights Restricted Share Units
St-Jean, Joseph Alger Raymond
5 14/12/2014 56 348,080 13,125
Royal Nickel Corporation Rights Restricted Share Units
St-Jean, Joseph Alger Raymond
5 16/12/2014 57 -78,125
Royal Nickel Corporation Rights Restricted Share Units
St-Jean, Joseph Alger Raymond
5 16/12/2014 38 269,955 -78,125
Royal Nickel Corporation Rights Restricted Share Units
St-Jean, Joseph Alger Raymond
5 16/12/2014 57 -15,625
Royal Nickel Corporation Rights Restricted Share Units
St-Jean, Joseph Alger Raymond
5 16/12/2014 38 254,330 -15,625
Rupert Resources Ltd. Common Shares Brimacombe, Alan Douglas 3 17/12/2014 16 0.06 11,512,633 333,333
Rupert Resources Ltd. Exchangeable Shares Brimacombe, Alan Douglas 3 29/08/2008 00 333,333
Russel Metals Inc. Rights Deferred Share Units (cash settled)
Benedetti, Alain 4 15/12/2014 56 25,941 364
Russel Metals Inc. Rights Restricted Share Units (cash settled)
Britton, Marion Eleanor 5 15/12/2014 56 27,281 383
Russel Metals Inc. Rights Deferred Share Units (cash settled)
Clark, John 4 15/12/2014 56 9,332 131
Russel Metals Inc. Rights Restricted Share Units (cash settled)
Coleman, Lesley Margaret Seppings
5 15/12/2014 56 1,573 22
Russel Metals Inc. Rights Deferred Share Units (cash settled)
Dinning, James Francis 4 15/12/2014 56 17,415 245
Russel Metals Inc. Rights Restricted Share Units (cash settled)
Halcrow, David 5 15/12/2014 56 1,573 22
Russel Metals Inc. Rights Deferred Share Units (cash settled)
Hanna, John 4 15/12/2014 56 9,053 127
Russel Metals Inc. Rights Restricted Share Units (cash settled)
Hedges, Brian Robie 5 15/12/2014 56 99,929 1,405
Russel Metals Inc. Rights Restricted Share Units (cash settled)
Kelly, Maureen Ann 5 15/12/2014 56 1,573 22
Russel Metals Inc. Rights Deferred Share Units (cash settled)
Laberge, Alice D. 4 18/12/2014 56 11,469 162
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11626
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Russel Metals Inc. Rights Deferred Share Units (cash settled)
Lachapelle, Lise 4 18/12/2014 56 17,415 245
Russel Metals Inc. Rights Restricted Share Units (cash settled)
MacLean, John 5 15/12/2014 56 1,259 18
Russel Metals Inc. Rights Restricted Share Units (cash settled)
Mangialardi, Giuseppe 5 15/12/2014 56 1,259 18
Russel Metals Inc. Rights Restricted Share Units (cash settled)
McMullen, Francine Denise 5 15/12/2014 56 944 13
Russel Metals Inc. Common Shares Mooser, Sherri Lynn 5 27/11/2014 30 29.11 -1,532
Russel Metals Inc. Common Shares Mooser, Sherri Lynn 5 05/12/2014 30 29.11 251 -1,532
Russel Metals Inc. Rights Restricted Share Units (cash settled)
Mooser, Sherri Lynn 5 15/12/2014 56 315 5
Russel Metals Inc. Rights Deferred Share Units (cash settled)
O'Reilly, William Michael 5 15/12/2014 56 12,767 180
Russel Metals Inc. Rights Restricted Share Units (cash settled)
Reid, John Gregory 5 15/12/2014 56 24,045 338
Russel Metals Inc. Rights Restricted Share Units (cash settled)
Robb, Lloyd Bruce 5 15/12/2014 56 2,360 33
Russel Metals Inc. Rights Deferred Share Units (cash settled)
Tulloch, John Russell 4 15/12/2014 56 1,954 27
Russel Metals Inc. Rights Restricted Share Units (cash settled)
Vaillancourt, Michel 5 15/12/2014 56 1,259 18
Russel Metals Inc. Rights Restricted Share Units (cash settled)
White, Donald 5 15/12/2014 56 2,360 33
Russel Metals Inc. Rights Restricted Share Units (cash settled)
Willis, Allan Stephen 5 15/12/2014 56 1,259 18
Sandvine Corporation Common Shares Caputo, David 4 08/12/2014 30 3.02 96,553 596
Sandvine Corporation Common Shares Donnelly, Tom 5 08/12/2014 30 3.02 17,228 130
Sandvine Corporation Common Shares Hamilton, Scott 4 08/12/2014 30 3.02 4,432 56
Sandvine Corporation Common Shares Siim, Brad 5 08/12/2014 30 3.02 25,184 269
Santacruz Silver Mining Ltd. Common Shares Préstamo Elizondo, Arturo 3, 4, 5 05/11/2014 10 0.42 8,911,714 50,000
Santacruz Silver Mining Ltd. Common Shares Préstamo Elizondo, Arturo 3, 4, 5 11/12/2014 10 0.4 8,897,214 -14,500
Sarama Resources Ltd. Options Groves, David Alan 4 18/06/2014 00
Sarama Resources Ltd. Options Groves, David Alan 4 14/12/2014 50 150,000 150,000
Sarama Resources Ltd. Common Shares Jackson, Lawrence Simon 4 16/12/2014 10 0.0728 1,170,498 29,500
Sarama Resources Ltd. Options Masterman, Glenton 4 01/10/2014 00
Sarama Resources Ltd. Options Masterman, Glenton 4 14/12/2014 50 150,000 150,000
Savanna Energy Services Corp.
Common Shares Chow, George K. 5 16/12/2014 10 3.11 163,505 35,000
Savanna Energy Services Corp.
Common Shares Gindl, Christopher Michael 7 15/12/2014 10 3.13 6,100 2,000
Savanna Energy Services Corp.
Common Shares Gindl, Christopher Michael 7 16/12/2014 10 3.28 12,100 6,000
Savanna Energy Services Corp.
Common Shares Gindl, Christopher Michael 7 18/12/2014 10 3.23 14,100 2,000
Savanna Energy Services Corp.
Common Shares MULLEN, Kenneth Brandon 4, 5 17/12/2014 10 3.13 307,028 10,000
Savanna Energy Services Corp.
Common Shares MULLEN, Kenneth Brandon 4, 5 17/12/2014 10 3.13 3,375 375
Savanna Energy Services Corp.
Common Shares MULLEN, Kenneth Brandon 4, 5 16/12/2014 10 3.04 211,734 5,000
Savanna Energy Services Corp.
Common Shares MULLEN, Kenneth Brandon 4, 5 17/12/2014 10 3.13 212,734 1,000
Seabridge Gold Inc. Common Shares Pan Atlantic Bank and Trust Limited
3 15/12/2014 10 7.23 4,960,177 30,900
Seabridge Gold Inc. Common Shares Pan Atlantic Bank and Trust Limited
3 15/12/2014 10 8.29 4,962,577 2,400
Seabridge Gold Inc. Common Shares Pan Atlantic Bank and Trust Limited
3 16/12/2014 10 6.83 4,994,577 32,000
Seabridge Gold Inc. Common Shares Pan Atlantic Bank and Trust Limited
3 16/12/2014 10 7.97 4,998,177 3,600
Seabridge Gold Inc. Common Shares Pan Atlantic Bank and Trust Limited
3 17/12/2014 10 6.85 5,032,577 34,400
Seabridge Gold Inc. Common Shares Pan Atlantic Bank and Trust Limited
3 17/12/2014 10 7.97 5,035,177 2,600
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11627
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Seabridge Gold Inc. Common Shares Pan Atlantic Bank and Trust Limited
3 18/12/2014 10 7.21 5,065,077 29,900
Seabridge Gold Inc. Common Shares Pan Atlantic Bank and Trust Limited
3 18/12/2014 10 8.24 5,067,577 2,500
Seabridge Gold Inc. Rights Restricted Share Units
Scott, Charles Bruce Scott 5 09/12/2014 56 42,500 30,000
Search Minerals Inc. Common Shares Saunders, Raymond James 4 17/12/2014 10 0.03 13,077,000 178,000
Search Minerals Inc. Common Shares Sercor Ltd. 3 15/12/2014 11 0.0345 25,203,334 1,481,109
Searchtech Ventures Inc. Common Shares Friedman, Alan Mark 4 10/12/2014 37 71,428 -428,572
Searchtech Ventures Inc. Common Shares Friedman, Alan Mark 4 10/12/2014 11 213,689 142,261
Searchtech Ventures Inc. Options Friedman, Alan Mark 4 10/12/2014 37 9,642 -57,858
Searchtech Ventures Inc. Common Shares Lerner, Matthew Benjamin 4 10/12/2014 37 142,857 -857,143
Searchtech Ventures Inc. Options Lerner, Matthew Benjamin 4 10/12/2014 37 9,642 -57,858
Searchtech Ventures Inc. Common Shares Roebuck, Ryan 4 10/12/2014 37 14,285 -85,715
Searchtech Ventures Inc. Common Shares Roebuck, Ryan 4 10/12/2014 11 85,415 71,130
Searchtech Ventures Inc. Options Roebuck, Ryan 4 10/12/2014 37 9,642 -57,858
Searchtech Ventures Inc. Common Shares Rootenberg, Alan 4 25/06/2014 00
Searchtech Ventures Inc. Common Shares Rootenberg, Alan 4 25/06/2014 00 92,857
Searchtech Ventures Inc. Options Rootenberg, Alan 4 25/06/2014 00
Searchtech Ventures Inc. Options Rootenberg, Alan 4 25/06/2014 00 9,642
Secure Energy Services Inc. Common Shares Employee Share Ownership Plan
Amirault, Rene 3, 4, 5 18/12/2014 30 14 25,205 221
Secure Energy Services Inc. Rights Performance Unit Awards
Amirault, Rene 3, 4, 5 15/12/2014 35 5,724 7
Secure Energy Services Inc. Units Restricted Share Units
Amirault, Rene 3, 4, 5 15/12/2014 35 46,165 56
Secure Energy Services Inc. Rights Deferred Share Units
Cobbe, Murray Lynn 4 01/12/2014 30 13.7 17,513 21
Secure Energy Services Inc. Common Shares Employee Share Ownership Plan
Gransch, Allen Peter 5 18/12/2014 30 14 13,490 123
Secure Energy Services Inc. Rights Performance Unit Awards
Gransch, Allen Peter 5 15/12/2014 35 2,860 3
Secure Energy Services Inc. Units Restricted Share Units
Gransch, Allen Peter 5 15/12/2014 35 14,552 18
Secure Energy Services Inc. Common Shares Employee Share Ownership Plan
Higham, Corey Ray 5 18/12/2014 30 14 15,625 114
Secure Energy Services Inc. Rights PSU Higham, Corey Ray 5 15/12/2014 35 1,586 2
Secure Energy Services Inc. Units RSU Higham, Corey Ray 5 15/12/2014 35 1,274 2
Secure Energy Services Inc. Rights DSU's Johnson, David Daniel 4 15/12/2014 35 17,513 21
Secure Energy Services Inc. Subscription Rights Performance Unit Awards
Mattinson, David William 5 15/12/2014 35 2,862 3
Secure Energy Services Inc. Common Shares Employee Share Ownership Plan
McGurk, Brian Kenneth Stanley
5 18/12/2014 30 14 7,354 117
Secure Energy Services Inc. Rights Performance Unit Awards
McGurk, Brian Kenneth Stanley
5 15/12/2014 35 2,862 3
Secure Energy Services Inc. Units Restricted Share Units
McGurk, Brian Kenneth Stanley
5 15/12/2014 35 7,275 9
Secure Energy Services Inc. Rights DSU's MUNRO, BRADLEY R. 4, 7 15/12/2014 35 17,513 21
Secure Energy Services Inc. Rights DSU's NUGENT, Kevin 4 15/12/2014 35 17,513 21
Secure Energy Services Inc. Rights DSU (rights) Paterson, Richard Shaun 5 15/12/2014 35 9,375 11
Secure Energy Services Inc. Common Shares Employee Share Ownership Plan
Steinke, Daniel 5 18/12/2014 30 14 14,565 97
Secure Energy Services Inc. Rights Performance Unit Awards
Steinke, Daniel 5 15/12/2014 35 2,862 3
Secure Energy Services Inc. Units Restricted Share Units
Steinke, Daniel 5 15/12/2014 35 7,275 9
Secure Energy Services Inc. Common Shares Employee Share Ownership Plan
WADSWORTH, GEORGE 7 18/12/2014 30 14 9,928 134
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11628
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Secure Energy Services Inc. Rights Performance Unit Awards
WADSWORTH, GEORGE 7 15/12/2014 35 2,862 3
Secure Energy Services Inc. Units Restricted Share Units
WADSWORTH, GEORGE 7 15/12/2014 35 7,275 9
Seven Generations Energy Ltd.
Options Brown, Kevin Jack 4 30/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Brown, Kevin Jack 4 30/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Brown, Kevin Jack 4 30/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Brown, Kevin Jack 4 30/10/2014 00 150,704
Seven Generations Energy Ltd.
Warrants Performance Brown, Kevin Jack 4 30/10/2014 00
Seven Generations Energy Ltd.
Warrants Performance Brown, Kevin Jack 4 30/10/2014 00 287,760
Seven Generations Energy Ltd.
Warrants Performance Brown, Kevin Jack 4 30/10/2014 00
Seven Generations Energy Ltd.
Options Canada Pension Plan Investment Board
3 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Canada Pension Plan Investment Board
3 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Canada Pension Plan Investment Board
3 29/10/2014 00 140,704
Seven Generations Energy Ltd.
Warrants Performance Canada Pension Plan Investment Board
3 29/10/2014 00
Seven Generations Energy Ltd.
Warrants Performance Canada Pension Plan Investment Board
3 29/10/2014 00 16,000
Seven Generations Energy Ltd.
Warrants Performance Canada Pension Plan Investment Board
3 29/10/2014 00
Seven Generations Energy Ltd.
Options Carlson, Patrick Beverley 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Carlson, Patrick Beverley 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Carlson, Patrick Beverley 5 29/10/2014 00 2,128,336
Seven Generations Energy Ltd.
Warrants Performance Carlson, Patrick Beverley 5 29/10/2014 00
Seven Generations Energy Ltd.
Warrants Performance Carlson, Patrick Beverley 5 29/10/2014 00 4,725,496
Seven Generations Energy Ltd.
Warrants Performance Carlson, Patrick Beverley 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Cupric, Harry David 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Cupric, Harry David 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Cupric, Harry David 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Cupric, Harry David 5 29/10/2014 00 415,422
Seven Generations Energy Ltd.
Warrants Performance Cupric, Harry David 5 29/10/2014 00
Seven Generations Energy Ltd.
Warrants Performance Cupric, Harry David 5 29/10/2014 00 1,914,542
Seven Generations Energy Ltd.
Warrants Performance Cupric, Harry David 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Evanchuk, Randy John 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Evanchuk, Randy John 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Evanchuk, Randy John 5 29/10/2014 00 610,336
Seven Generations Energy Ltd.
Warrants Performance Evanchuk, Randy John 5 29/10/2014 00
Seven Generations Energy Ltd.
Warrants Performance Evanchuk, Randy John 5 29/10/2014 00 1,596,306
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11629
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Seven Generations Energy Ltd.
Warrants Performance Evanchuk, Randy John 5 29/10/2014 00
Seven Generations Energy Ltd.
Common Shares Class A Haysom, Steven John 5 11/12/2014 51 2.5 115,310 110,000
Seven Generations Energy Ltd.
Options Haysom, Steven John 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Haysom, Steven John 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Haysom, Steven John 5 29/10/2014 00 748,274
Seven Generations Energy Ltd.
Options Pre-IPO Haysom, Steven John 5 11/12/2014 51 2.5 638,274 -110,000
Seven Generations Energy Ltd.
Warrants Performance Haysom, Steven John 5 29/10/2014 00
Seven Generations Energy Ltd.
Warrants Performance Haysom, Steven John 5 29/10/2014 00 2,040,582
Seven Generations Energy Ltd.
Warrants Performance Haysom, Steven John 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Hnatuik, Randall Nickolas Bruce
5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Hnatuik, Randall Nickolas Bruce
5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Hnatuik, Randall Nickolas Bruce
5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Hnatuik, Randall Nickolas Bruce
5 29/10/2014 00 106,000
Seven Generations Energy Ltd.
Options Hohm, Dale Jonathan 4 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Hohm, Dale Jonathan 4 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Hohm, Dale Jonathan 4 29/10/2014 00 100,000
Seven Generations Energy Ltd.
Options Hucik, Barry John 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Hucik, Barry John 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Hucik, Barry John 5 29/10/2014 00 508,550
Seven Generations Energy Ltd.
Warrants Performance Hucik, Barry John 5 29/10/2014 00
Seven Generations Energy Ltd.
Warrants Performance Hucik, Barry John 5 29/10/2014 00 1,485,720
Seven Generations Energy Ltd.
Warrants Performance Hucik, Barry John 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Jespersen, Kent 4 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Jespersen, Kent 4 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Jespersen, Kent 4 29/10/2014 00 479,742
Seven Generations Energy Ltd.
Warrants Performance Jespersen, Kent 4 29/10/2014 00
Seven Generations Energy Ltd.
Warrants Performance Jespersen, Kent 4 29/10/2014 00 988,242
Seven Generations Energy Ltd.
Warrants Performance Jespersen, Kent 4 29/10/2014 00
Seven Generations Energy Ltd.
Options Kanovsky, Michael Manuel 4 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Kanovsky, Michael Manuel 4 29/10/2014 00 316,856
Seven Generations Energy Ltd.
Warrants Performance Kanovsky, Michael Manuel 4 29/10/2014 00 657,140
Seven Generations Energy Ltd.
Warrants Performance Kanovsky, Michael Manuel 4 29/10/2014 00
Seven Generations Energy Ltd.
Options Law, Christopher Tudor 5 29/10/2014 00
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11630
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Seven Generations Energy Ltd.
Options Pre-IPO Law, Christopher Tudor 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Law, Christopher Tudor 5 29/10/2014 00 470,106
Seven Generations Energy Ltd.
Warrants Performance Law, Christopher Tudor 5 29/10/2014 00
Seven Generations Energy Ltd.
Warrants Performance Law, Christopher Tudor 5 29/10/2014 00 1,185,026
Seven Generations Energy Ltd.
Warrants Performance Law, Christopher Tudor 5 29/10/2014 00
Seven Generations Energy Ltd.
Common Shares Class A McAdam, William 4 29/10/2014 00
Seven Generations Energy Ltd.
Common Shares Class A McAdam, William 4 16/12/2014 10 16 2,500 2,500
Seven Generations Energy Ltd.
Common Shares Class A McAdam, William 4 17/12/2014 10 15.8 5,000 2,500
Seven Generations Energy Ltd.
Common Shares Class A McAdam, William 4 17/12/2014 10 15.6 6,600 1,600
Seven Generations Energy Ltd.
Options Nevokshonoff, Glen Allen 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Nevokshonoff, Glen Allen 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Nevokshonoff, Glen Allen 5 29/10/2014 00 470,106
Seven Generations Energy Ltd.
Warrants Performance Nevokshonoff, Glen Allen 5 29/10/2014 00
Seven Generations Energy Ltd.
Warrants Performance Nevokshonoff, Glen Allen 5 29/10/2014 00 1,185,026
Seven Generations Energy Ltd.
Warrants Performance Nevokshonoff, Glen Allen 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Proctor, Marty Leigh 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Proctor, Marty Leigh 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Proctor, Marty Leigh 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Proctor, Marty Leigh 5 29/10/2014 00 574,298
Seven Generations Energy Ltd.
Options Rakhit, Kaushik 4 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Rakhit, Kaushik 4 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Rakhit, Kaushik 4 29/10/2014 00 316,856
Seven Generations Energy Ltd.
Warrants Performance Rakhit, Kaushik 4 29/10/2014 00
Seven Generations Energy Ltd.
Warrants Performance Rakhit, Kaushik 4 29/10/2014 00 657,140
Seven Generations Energy Ltd.
Warrants Performance Rakhit, Kaushik 4 29/10/2014 00
Seven Generations Energy Ltd.
Options Spence, Merlyn Dale 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Spence, Merlyn Dale 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Spence, Merlyn Dale 5 29/10/2014 00 310,000
Seven Generations Energy Ltd.
Warrants Performance Spence, Merlyn Dale 5 29/10/2014 00
Seven Generations Energy Ltd.
Warrants Performance Spence, Merlyn Dale 5 29/10/2014 00 269,268
Seven Generations Energy Ltd.
Warrants Performance Spence, Merlyn Dale 5 29/10/2014 00
Seven Generations Energy Ltd.
Options Targett, Susan Elizabeth Mabel
5 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO Targett, Susan Elizabeth Mabel
5 29/10/2014 00
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11631
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Seven Generations Energy Ltd.
Options Pre-IPO Targett, Susan Elizabeth Mabel
5 29/10/2014 00 458,324
Seven Generations Energy Ltd.
Warrants Performance Targett, Susan Elizabeth Mabel
5 29/10/2014 00
Seven Generations Energy Ltd.
Warrants Performance Targett, Susan Elizabeth Mabel
5 29/10/2014 00 1,464,040
Seven Generations Energy Ltd.
Warrants Performance Targett, Susan Elizabeth Mabel
5 29/10/2014 00
Seven Generations Energy Ltd.
Options van Steenbergen, Jeff 4 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO van Steenbergen, Jeff 4 29/10/2014 00
Seven Generations Energy Ltd.
Options Pre-IPO van Steenbergen, Jeff 4 29/10/2014 00 154,704
Seven Generations Energy Ltd.
Warrants Performance van Steenbergen, Jeff 4 29/10/2014 00
Seven Generations Energy Ltd.
Warrants Performance van Steenbergen, Jeff 4 29/10/2014 00 291,760
Seven Generations Energy Ltd.
Warrants Performance van Steenbergen, Jeff 4 29/10/2014 00
Shamrock Enterprises Inc. Common Shares Osinchuk, Gordon R. 4, 5 12/12/2014 10 0.01 1,151,500 -156,000
SHAW COMMUNICATIONS INC.
Non-Voting Shares Class “B”
Shaw, JR 3, 4, 5 18/12/2014 47 1,731,587 -175,000
Sherritt International Corporation
Common Shares BAKER, TIMOTHY CLIVE 4 06/05/2014 00
Sherritt International Corporation
Common Shares BAKER, TIMOTHY CLIVE 4 11/12/2014 10 2.21 9,400 9,400
Sherritt International Corporation
Common Shares BAKER, TIMOTHY CLIVE 4 11/12/2014 10 2.2102 22,100 12,700
Sherritt International Corporation
Common Shares Pankratz, Lisa Marie 4 15/12/2014 10 2.25 20,800 2,800
Sherritt International Corporation
Common Shares Pankratz, Lisa Marie 4 15/12/2014 10 2.25 22,600 1,800
Sherritt International Corporation
Common Shares Pankratz, Lisa Marie 4 15/12/2014 10 2.245 24,100 1,500
Sherritt International Corporation
Common Shares Pankratz, Lisa Marie 4 15/12/2014 10 2.25 29,000 4,900
Sherritt International Corporation
Common Shares Pankratz, Lisa Marie 4 15/12/2014 10 2.25 29,300 300
SilverCrest Mines Inc. Options Craig, Dunham Lewis 4 10/12/2014 50 300,000 150,000
SilverCrest Mines Inc. Options Drever, John Scott 4, 5 10/12/2014 50 1,325,000 300,000
SilverCrest Mines Inc. Options Fier, Nathan Eric 3, 4, 5 10/12/2014 50 1,325,000 300,000
SilverCrest Mines Inc. Options Fonseca, Marcio 5 10/12/2014 50 850,000 300,000
SilverCrest Mines Inc. Options Glanville, Ross Owen 4 10/12/2014 50 750,000 150,000
SilverCrest Mines Inc. Options Glanville, Ross Owen 4 15/12/2014 50 150,000
SilverCrest Mines Inc. Options Keating, Thomas Arthur 5 10/12/2014 50 400,000 150,000
SilverCrest Mines Inc. Options Magnusson, Barney 3, 4, 5 10/12/2014 50 1,325,000 300,000
SilverCrest Mines Inc. Options McFarlane, Brent 5 10/12/2014 50 800,000 250,000
SilverCrest Mines Inc. Options Thody, Graham Campbell 4 10/12/2014 50 750,000 200,000
Sintana Energy Inc. Common Shares Austin, Sean 5 16/12/2014 16 0.077 2,000,000 400,000
Sintana Energy Inc. Warrants Austin, Sean 5 27/04/2011 00
Sintana Energy Inc. Warrants Austin, Sean 5 16/12/2014 16 0.077 200,000 200,000
Sintana Energy Inc. Common Shares Cherry, David 5 27/04/2011 00
Sintana Energy Inc. Common Shares Cherry, David 5 16/12/2014 16 0.077 1,153,333 1,153,333
Sintana Energy Inc. Warrants Cherry, David 5 27/04/2011 00
Sintana Energy Inc. Warrants Cherry, David 5 16/12/2014 16 0.077 576,666 576,666
Sintana Energy Inc. Common Shares Manner, Douglas Glenn 4, 5 16/12/2014 16 0.077 8,246,667 400,000
Sintana Energy Inc. Warrants Manner, Douglas Glenn 4, 5 27/04/2011 00
Sintana Energy Inc. Warrants Manner, Douglas Glenn 4, 5 16/12/2014 16 0.077 200,000 200,000
Slam Exploration Ltd. Options beukman, eugene 4, 5 18/12/2014 50 0.05 120,000 120,000
Slam Exploration Ltd. Common Shares DSM Resources Corp. 3 11/12/2014 00 1,500,000
Slam Exploration Ltd. Warrants DSM Resources Corp. 3 11/12/2014 00 750,000
Slam Exploration Ltd. Common Shares Okay, Agah Levent 3, 6 11/12/2014 00
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11632
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Slam Exploration Ltd. Common Shares Okay, Agah Levent 3, 6 11/12/2014 00
Slam Exploration Ltd. Common Shares Okay, Agah Levent 3, 6 11/12/2014 00 1,500,000
Slam Exploration Ltd. Warrants Okay, Agah Levent 3, 6 11/12/2014 00
Slam Exploration Ltd. Warrants Okay, Agah Levent 3, 6 11/12/2014 00
Slam Exploration Ltd. Warrants Okay, Agah Levent 3, 6 11/12/2014 00 750,000
Slam Exploration Ltd. Common Shares Okay, Bulent 3 11/12/2014 00
Slam Exploration Ltd. Common Shares Okay, Bulent 3 11/12/2014 00
Slam Exploration Ltd. Common Shares Okay, Bulent 3 11/12/2014 00 1,500,000
Slam Exploration Ltd. Warrants Okay, Bulent 3 11/12/2014 00
Slam Exploration Ltd. Warrants Okay, Bulent 3 11/12/2014 00
Slam Exploration Ltd. Warrants Okay, Bulent 3 11/12/2014 00 750,000
Slam Exploration Ltd. Common Shares Okay, Selen 6 11/12/2014 00 1,500,000
Slam Exploration Ltd. Warrants Okay, Selen 6 11/12/2014 00 750,000
Slam Exploration Ltd. Common Shares Taylor, Michael R. 4, 5 11/12/2014 11 0.05 2,043,133 1,600,000
Slam Exploration Ltd. Options Taylor, Michael R. 4, 5 18/12/2014 50 0.05 120,000 120,000
Slam Exploration Ltd. Warrants Taylor, Michael R. 4, 5 11/12/2014 11 0.05 1,100,000 800,000
Slam Exploration Ltd. Common Shares Usenmez, Kerem 6 11/12/2014 00
Slam Exploration Ltd. Common Shares Usenmez, Kerem 6 11/12/2014 00
Slam Exploration Ltd. Common Shares Usenmez, Kerem 6 11/12/2014 00 1,500,000
Slam Exploration Ltd. Warrants Usenmez, Kerem 6 11/12/2014 00 750,000
Slam Exploration Ltd. Warrants Usenmez, Kerem 6 11/12/2014 00
Slam Exploration Ltd. Warrants Usenmez, Kerem 6 11/12/2014 00
Slam Exploration Ltd. Common Shares Yates, Edward Montagu 4 11/12/2014 11 0.05 516,666 400,000
Slam Exploration Ltd. Options Yates, Edward Montagu 4 18/12/2014 50 0.05 80,000 80,000
Slam Exploration Ltd. Warrants Yates, Edward Montagu 4 11/12/2014 11 0.05 266,666 200,000
Slate Retail REIT (formerly, Slate U.S. Opportunity (No. 1) Realty Trust)
Trust Units Class U Units Slate U.S. Opportunity (No. 3) Realty Trust
8 17/12/2014 10 9.8157 70,700 5,300
Slate Retail REIT (formerly, Slate U.S. Opportunity (No. 1) Realty Trust)
Trust Units Class U Units Slate U.S. Opportunity (No. 3) Realty Trust
8 18/12/2014 10 9.9193 75,100 4,400
Slate Retail REIT (formerly, Slate U.S. Opportunity (No. 1) Realty Trust)
Trust Units Class U Units Slate U.S. Opportunity (No. 3) Realty Trust
8 19/12/2014 10 10.115 90,100 15,000
SMC Ventures Inc. Common Shares Notman, William Hugh 4, 5 12/12/2014 10 0.05 1,577,500 44,000
Société d'exploration minière Vior Inc.
Common Shares L'Heureux, Marc 4, 5 17/12/2014 10 0.015 1,126,000 63,000
SOLITARIO EXPLORATION & ROYALTY CORP.
Common Shares Herald, Christopher 4 15/12/2014 10 0.88 1,471,662 2,000
SOLITARIO EXPLORATION & ROYALTY CORP.
Common Shares Herald, Christopher 4 16/12/2014 10 0.84 1,474,625 2,963
Sonoro Metals Corp. Common Shares Freeman, Gary Richard 4 16/12/2014 10 0.11 60,000 -150,000
Sonoro Metals Corp. Common Shares Freeman, Gary Richard 4 18/12/2014 10 0.125 1,310,591 -100,000
Sonoro Metals Corp. Options Freeman, Gary Richard 4 17/12/2014 50 0.1 787,500 562,500
Sonoro Metals Corp. Options Leigh, Dayna 5 17/12/2014 50 0.1 90,000 40,000
Sophiris Bio Inc. (formerly Protox Therapeutics Inc.)
Common Shares Tavistock Life Sciences 3 15/12/2014 10 0.61 1,518,613 -796,772
Sophiris Bio Inc. (formerly Protox Therapeutics Inc.)
Common Shares Tavistock Life Sciences 3 15/12/2014 10 0.61 161,446 -84,707
Sora Capital Corp. (formerly, Jager Resources Inc. )
Options Fred Antonio Tejada 4 08/12/2014 50 0.2 78,847 25,000
Spot Coffee (Canada) Ltd. Common Shares AYOUB, ANTON MICHEL 4, 5 15/12/2014 10 0.025 675,458 5,000
Spot Coffee (Canada) Ltd. Common Shares AYOUB, ANTON MICHEL 4, 5 16/12/2014 10 0.02 680,458 5,000
Sprott Resource Corp. Common Shares Dunne, Joan 4 14/05/2014 00
Sprott Resource Corp. Common Shares Dunne, Joan 4 17/12/2014 10 1.55 32,300 32,300
Sprylogics International Corp.
Common Shares Berman, David 5 18/12/2014 10 0.48 54,950 11,300
Sprylogics International Corp.
Common Shares Serruya, Michael 4 15/08/2011 00
Sprylogics International Corp.
Common Shares Serruya, Michael 4 18/12/2014 11 0.5 100,000 100,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11633
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Sprylogics International Corp.
Common Shares Taylor, Kevin Robert 4 04/09/2013 00
Sprylogics International Corp.
Common Shares Taylor, Kevin Robert 4 12/12/2014 10 0.44 112,000 112,000
Sprylogics International Corp.
Common Shares Taylor, Kevin Robert 4 15/12/2014 10 0.5 118,500 6,500
Sprylogics International Corp.
Common Shares Taylor, Kevin Robert 4 15/12/2014 10 0.49 124,000 5,500
Sprylogics International Corp.
Common Shares Taylor, Kevin Robert 4 17/12/2014 10 0.47 132,000 8,000
Sprylogics International Corp.
Common Shares Taylor, Kevin Robert 4 17/12/2014 10 0.475 134,000 2,000
Sprylogics International Corp.
Common Shares Taylor, Kevin Robert 4 17/12/2014 10 0.46 139,000 5,000
Sprylogics International Corp.
Common Shares Taylor, Kevin Robert 4 17/12/2014 10 0.48 144,000 5,000
Sprylogics International Corp.
Common Shares Taylor, Kevin Robert 4 17/12/2014 10 0.495 145,000 1,000
SPT Sulphur Polymer Technologies Inc.
Common Shares Clifford, John Randolph 3 29/08/2014 37 500,000 -4,500,000
SPT Sulphur Polymer Technologies Inc.
Options Macdonald, Glen Colin 1 12/01/2014 00
SPT Sulphur Polymer Technologies Inc.
Options Macdonald, Glen Colin 1 29/09/2014 10 0.1 150,000 150,000
SPT Sulphur Polymer Technologies Inc.
Options Ralfs, Kenneth Richard 4 03/06/2014 00
SPT Sulphur Polymer Technologies Inc.
Options Ralfs, Kenneth Richard 4 29/09/2014 50 0.1 150,000 150,000
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Edward 3 15/12/2014 10 0.245 37,806,483 11,500
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Edward 3 15/12/2014 10 0.25 37,812,483 6,000
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Edward 3 16/12/2014 10 0.24 37,813,483 1,000
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Edward 3 16/12/2014 10 0.245 37,815,483 2,000
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Edward 3 16/12/2014 10 0.25 37,816,483 1,000
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Edward 3 17/12/2014 10 0.245 37,817,983 1,500
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Edward 3 17/12/2014 10 0.24 6,500
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Edward 3 17/12/2014 10 0.24 6,500
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Edward 3 17/12/2014 10 0.245 26,500
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Edward 3 17/12/2014 10 0.245 26,500
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Edward 3 18/12/2014 10 0.245 30,000
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Edward 3 18/12/2014 10 0.245 30,000
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Edward 3 19/12/2014 10 0.235 5,000
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Edward 3 19/12/2014 10 0.235 5,000
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Edward 3 19/12/2014 10 0.24 10,000
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Edward 3 19/12/2014 10 0.24 10,000
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Randall 3 17/12/2014 10 0.24 13,203,952 6,500
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Randall 3 17/12/2014 10 0.245 13,230,452 26,500
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Randall 3 18/12/2014 10 0.245 13,260,452 30,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11634
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Randall 3 19/12/2014 97 13,239,273 -21,179
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Randall 3 19/12/2014 10 0.235 13,244,273 5,000
ST ANDREW GOLDFIELDS LTD.
Common Shares Abramson, Randall 3 19/12/2014 10 0.24 13,254,273 10,000
ST ANDREW GOLDFIELDS LTD.
Common Shares Cater, Douglas Frederick 5 15/12/2014 30 0.26 124,298 6,716
ST ANDREW GOLDFIELDS LTD.
Common Shares Gignac, Catherine 4 15/12/2014 30 0.26 231,518 4,656
ST ANDREW GOLDFIELDS LTD.
Common Shares Middlemiss, Duncan Kenneth
4, 5 15/12/2014 30 0.26 321,422 12,668
ST ANDREW GOLDFIELDS LTD.
Common Shares Petroff, David Michael 4 15/12/2014 30 0.26 170,948 5,130
Star Navigation Systems Group Ltd.
Common Shares ALHAMER, Ibrahim Abdulla Ali
4 20/10/2003 00
Starcore International Mines Ltd.
Common Shares Eadie, Robert 4, 5 19/12/2014 10 0.115 350,500 50,000
Stella-Jones Inc. Common Shares Eichenbaum, Marla 5 12/12/2014 10 35 2,600 -900
Stella-Jones Inc. Common Shares Eichenbaum, Marla 5 17/12/2014 10 33.75 1,100 -1,500
Stella-Jones Inc. Common Shares Eichenbaum, Marla 5 18/12/2014 10 33.35 300 -800
Stella-Jones Inc. Common Shares Eichenbaum, Marla 5 18/12/2014 10 33.37 100 -200
Stella-Jones Inc. Common Shares Eichenbaum, Marla 5 18/12/2014 10 33.35 0 -100
Stella-Jones Inc. Common Shares McManus, Brian 4, 5 18/12/2014 51 6.01 80,000 80,000
Stella-Jones Inc. Common Shares McManus, Brian 4, 5 18/12/2014 10 33.65 0 -80,000
Stella-Jones Inc. Options McManus, Brian 4, 5 18/12/2014 51 6.01 0 -80,000
Sterling Resources Ltd. Common Shares Ingalls & Snyder, LLC 3 12/12/2014 10 0.1897 35,906,209 -20,000
Sterling Resources Ltd. Common Shares Ingalls & Snyder, LLC 3 18/12/2014 10 0.1892 35,885,709 -20,500
Stockport Exploration Inc. Common Shares McKay, Robert Scott 4 12/12/2014 10 0.025 1,405,000 4,000
Stockport Exploration Inc. Common Shares McKay, Robert Scott 4 18/12/2014 10 0.02 1,467,000 62,000
Stonehaven Exploration Ltd. Common Shares Mitchell, Bruce 3 18/12/2014 00
Stonehaven Exploration Ltd. Common Shares Mitchell, Bruce 3 19/12/2014 16 1.5 1,015,000 1,015,000
Stonehaven Exploration Ltd. Common Shares Scalf, Murray 4 15/12/2014 10 1.2 147,080 3,600
Stornoway Diamond Corporation
Common Shares LeBoutillier, John 4 20/07/2011 00
Stornoway Diamond Corporation
Common Shares LeBoutillier, John 4 16/12/2014 10 0.48 100,000 100,000
Stornoway Diamond Corporation
Common Shares LeBoutillier, John 4 16/12/2014 10 0.479 300,000 100,000
Stornoway Diamond Corporation
Common Shares Manson, Matthew Lamont 4, 5 16/12/2014 51 0.4 637,479 62,500
Stornoway Diamond Corporation
Common Shares Manson, Matthew Lamont 4, 5 17/12/2014 10 0.4705 674,979 37,500
Stornoway Diamond Corporation
Options Manson, Matthew Lamont 4, 5 16/12/2014 51 0.4 3,350,000 -62,500
Stornoway Diamond Corporation
Common Shares Scherkus, Ebe 4 18/12/2014 10 0.5 634,540 100,000
Strategic Oil & Gas Ltd. Common Shares Claugus, Thomas Eugene 4 12/12/2014 10 0.15 13,105,200 58,300
Strategic Oil & Gas Ltd. Common Shares Claugus, Thomas Eugene 4 12/12/2014 10 0.15 63,739,700 301,900
Strategic Oil & Gas Ltd. Common Shares Claugus, Thomas Eugene 4 12/12/2014 10 0.15 141,948,600 644,800
Strategic Oil & Gas Ltd. Common Shares Claugus, Thomas Eugene 4 12/12/2014 10 0.15 65,654,400 296,800
Strategic Oil & Gas Ltd. Common Shares Claugus, Thomas Eugene 4 12/12/2014 10 0.15 3,309,600 55,200
Strategic Oil & Gas Ltd. Common Shares Graham, Michael 4 15/12/2014 10 0.18 6,225,500 34,000
Strategic Resources Inc. Options Kovschak, Anthony 4 17/12/2014 52 0.1 1,000,000 -200,000
Strategic Resources Inc. Options Kovschak, Anthony 4 17/12/2014 52 0.22 400,000 -600,000
Strategic Resources Inc. Options Kovschak, Anthony 4 17/12/2014 52 0.1 300,000 -100,000
Strike Diamond Corp. Common Shares Kalt, Ryan 3 18/12/2014 10 0.085 3,356,413 4,000
Strongco Corporation Common Shares Slama, Stephen Andrew 5 16/12/2014 30 2.98 14,070 1,307
Stuart Olson Inc. Common Shares Ballantyne, Richard Thomas 4 10/12/2014 10 7.019 22,000 6,000
Sun Life Financial Inc. Units Sun Shares Blair, Carolyn Diane 5 01/12/2014 30 41.27 28,944 -15,572
Suncor Energy Inc. Common Shares Huff, John Rossman 4 30/04/2003 00
Suncor Energy Inc. Common Shares Huff, John Rossman 4 16/12/2014 90 40,000 40,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11635
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Suncor Energy Inc. Common Shares Huff, John Rossman 4 16/12/2014 90 0 -40,000
Sunshine Oilsands Ltd. Common Shares Class A Hibberd, Michael John 4, 5 16/12/2014 10 0.09 88,792,121 150,000
Sunshine Oilsands Ltd. Common Shares Class A Hibberd, Michael John 4, 5 17/12/2014 10 0.09 89,113,121 321,000
Sunshine Oilsands Ltd. Common Shares Class A Hibberd, Michael John 4, 5 18/12/2014 10 0.085 89,513,121 400,000
Sunshine Oilsands Ltd. Common Shares Class A Hibberd, Michael John 4, 5 19/12/2014 10 0.09 90,013,121 500,000
Sunshine Oilsands Ltd. Options Jiang, Qi 4 15/12/2014 00
Sunshine Oilsands Ltd. Options Jiang, Qi 4 17/12/2014 50 10,000,000 10,000,000
Sunshine Oilsands Ltd. Options Luo, Hong 4 28/11/2014 00
Sunshine Oilsands Ltd. Options Luo, Hong 4 17/12/2014 50 3,000,000 3,000,000
Superior Plus Corp. Common Shares Desjardins, Luc 4, 5 15/12/2014 10 11.56 19,910 13,000
Supremex Inc. Common Shares White, Warren Joseph 4 08/12/2014 00
Supremex Inc. Common Shares White, Warren Joseph 4 19/12/2014 10 2.95 3,000 3,000
Surge Energy Inc. Common Shares Bye, Murray 5 31/10/2014 30 6.05 82,724 218
Surge Energy Inc. Common Shares Bye, Murray 5 31/10/2014 30 6.05 9,946 218
Surge Energy Inc. Common Shares Colborne, Paul 4 15/11/2014 30 6.19 2,823,378 287
Surge Energy Inc. Common Shares Colborne, Paul 4 30/11/2014 30 5.1 2,845,315 294
Surge Energy Inc. Common Shares Colborne, Paul 4 15/12/2014 10 3.66 2,849,548 4,233
Surge Energy Inc. Common Shares Colborne, Paul 4 15/12/2014 10 3.66 248,814 4,376
Surge Energy Inc. Common Shares de Leeuw, Gerard A. 5 03/11/2014 00
Surge Energy Inc. Common Shares de Leeuw, Gerard A. 5 03/11/2014 00 8,770
Surge Energy Inc. Common Shares Leach, Robert Allen 4 19/12/2014 10 3.938 378,937 26,000
Surge Energy Inc. Common Shares Lof, Maxwell Andrew William
5 31/10/2014 30 6.05 243,930 511
Surge Energy Inc. Common Shares Lof, Maxwell Andrew William
5 16/12/2014 10 3.81 3,551 33
Surge Energy Inc. Common Shares Lof, Maxwell Andrew William
5 16/12/2014 10 3.81 3,551 33
Synex International Inc. Options O'Sullivan, Paul J. 4 15/12/2014 52 0.53 200,000 -40,000
Synex International Inc. Common Shares Stephens, Alan William 4, 5 16/12/2014 10 0.48 258,500 -7,000
Synex International Inc. Options sunell, gregory jack 3, 4, 7, 1 15/12/2014 52 0.53 400,000 -120,000
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 15/12/2014 10 2.33 1,625,200 30,700
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 16/12/2014 10 2.43 1,658,300 33,100
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 17/12/2014 10 2.65 1,714,000 55,700
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 18/12/2014 10 2.67 1,757,400 43,400
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 15/12/2014 10 2.33 1,796,400 30,100
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 16/12/2014 10 2.43 1,829,000 32,600
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 17/12/2014 10 2.65 1,883,800 54,800
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 18/12/2014 11 2.67 1,926,500 42,700
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 15/12/2014 10 2.33 3,394,400 65,500
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 16/12/2014 10 2.43 3,465,200 70,800
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 17/12/2014 10 2.65 3,584,300 119,100
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 18/12/2014 10 2.67 3,676,900 92,600
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 15/12/2014 10 2.33 495,400 5,600
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 16/12/2014 10 2.43 501,500 6,100
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 17/12/2014 10 2.65 511,700 10,200
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 18/12/2014 10 2.67 519,700 8,000
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 15/12/2014 10 2.33 359,800 5,900
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 16/12/2014 10 2.43 366,200 6,400
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 17/12/2014 10 2.65 377,000 10,800
Tamarack Valley Energy Ltd. Common Shares GMT Capital Corp 3 18/12/2014 10 2.67 385,400 8,400
Taranis Resources Inc. Common Shares Gardiner, John James 3, 4, 5 15/12/2014 46 0.05 3,992,705 586,878
Taranis Resources Inc. Common Shares Helgeson, James Maynard 4 15/12/2014 46 0.05 472,319 76,475
Taranis Resources Inc. Common Shares Kent, George Robert 4, 5 15/12/2014 46 0.05 6,256,567 700,000
Taranis Resources Inc. Common Shares Kent, George Robert 4, 5 15/12/2014 10 0.05 6,261,567 5,000
Taranis Resources Inc. Common Shares Kent, George Robert 4, 5 17/12/2014 10 0.055 6,266,567 5,000
Taranis Resources Inc. Common Shares Yeadon, Glenn Robert 4, 5 15/12/2014 46 0.05 551,987 351,987
Taseko Mines Limited Common Shares Dickinson, Robert Allan 4, 5 16/12/2014 36 457,868 14,131
Taseko Mines Limited Common Shares McDonald, Stuart David 5 16/12/2014 10 1.11 40,000 20,000
Taseko Mines Limited Common Shares McDonald, Stuart David 5 16/12/2014 10 1.09 46,200 6,200
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11636
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Taseko Mines Limited Common Shares McDonald, Stuart David 5 17/12/2014 10 1.15 60,000 13,800
Taseko Mines Limited Common Shares Thomas, Trevor 5 16/12/2014 36 57,558 11,787
Teck Resources Limited Restricted Share Units Andres, Dale Edwin 5 19/12/2014 59 14.93 21,987 -9,731
Teck Resources Limited Restricted Share Units Bennett, Jalynn H. 4 19/12/2014 59 14.93 3,965 -2,940
Teck Resources Limited Class B Subordinate Voting Shares
Caisse de dépôt et placement du Québec
3 12/12/2014 11 12.82 8,592,397 -2,300
Teck Resources Limited Restricted Share Units Christopher, Alexander 5 19/12/2014 59 14.93 22,628 -1,943
Teck Resources Limited Restricted Share Units Davey, Larry 5 19/12/2014 59 14.93 7,057 -2,268
Teck Resources Limited Class B Subordinate Voting Shares
Dottori-Attanasio, Laura Lee 4 19/11/2014 00 3,372
Teck Resources Limited Restricted Share Units Foley, Real 7 19/12/2014 59 14.93 16,644 -4,052
Teck Resources Limited Restricted Share Units Joudrie, Colin 5 19/12/2014 59 14.93 6,747 -1,539
Teck Resources Limited Restricted Share Units Keevil III, Norman 4 19/12/2014 59 14.93 7,932 -2,940
Teck Resources Limited Restricted Share Units Keevil, Norman Bell 3, 4 19/12/2014 59 14.93 23,801 -8,823
Teck Resources Limited Restricted Share Units Kilgour, Ian 5 19/12/2014 59 14.93 19,860 -9,731
Teck Resources Limited Restricted Share Units Lindsay, Donald Richard 5 19/12/2014 59 14.93 140,454 -81,109
Teck Resources Limited Class B Subordinate Voting Shares
McVicar, Tracey 4 19/11/2014 00
Teck Resources Limited Restricted Share Units Millos, Ronald Allen 7 19/12/2014 59 14.93 7,759 -6,810
Teck Resources Limited Restricted Share Units Powrie, Douglas 5 19/12/2014 59 14.93 10,139 -6,891
Teck Resources Limited Restricted Share Units Reipas, Ray 5 19/12/2014 59 14.93 6,861 -6,891
Teck Resources Limited Restricted Share Units Rennie, Janice Gaye 4 19/12/2014 59 14.93 3,831 -2,940
Teck Resources Limited Restricted Share Units Rozee, Peter Charles 5 19/12/2014 59 14.93 21,234 -13,624
Teck Resources Limited Restricted Share Units Scott, Rob 5 19/12/2014 59 14.93 18,475 -19,464
Teck Resources Limited Class B Subordinate Voting Shares
Sheremeta, Robin 5 15/12/2014 10 13.12 17,000 3,000
Teck Resources Limited Class B Subordinate Voting Shares
Sheremeta, Robin 5 16/12/2014 10 12.9 20,000 3,000
Teck Resources Limited Restricted Share Units Sheremeta, Robin 5 19/12/2014 59 14.93 16,644 -4,052
Teck Resources Limited Restricted Share Units Smith, Marcia 5 19/12/2014 59 14.93 17,310 -9,649
Teck Resources Limited Restricted Share Units Watson, Tim 5 19/12/2014 59 14.93 30,433 -19,464
Tekmira Pharmaceuticals Corporation
Common Shares Jewell, Donald 4 12/03/2013 10 4.44 1,200
Tekmira Pharmaceuticals Corporation
Common Shares Jewell, Donald 4 12/03/2013 10 4.44 1,200
Tekmira Pharmaceuticals Corporation
Common Shares Jewell, Donald 4 12/03/2013 10 4.44 2,460
Tekmira Pharmaceuticals Corporation
Common Shares Jewell, Donald 4 12/03/2013 10 4.44 480,615 3,660
TELUS Corporation Restricted Share Units Arora, Navin 5 11/12/2014 30 24,435 470
TELUS Corporation Restricted Share Units Arora, Navin 5 11/12/2014 30 41.81 24,155 -280
TELUS Corporation Restricted Share Units Arora, Navin 5 11/12/2014 30 43.07 23,763 -392
TELUS Corporation Restricted Share Units Carter, Monty 5 11/12/2014 30 689
TELUS Corporation Restricted Share Units Carter, Monty 5 11/12/2014 30 28,385 546
TELUS Corporation Restricted Share Units Carter, Monty 5 11/12/2014 30 41.81 27,679 -706
TELUS Corporation Restricted Share Units Carter, Monty 5 11/12/2014 30 43.07 27,152 -527
TELUS Corporation Common Shares Fuller, David 5 08/05/2014 00
TELUS Corporation Common Shares Fuller, David 5 12/12/2014 10 41.5 903 903
TELUS Corporation Restricted Share Units Fuller, David 5 11/12/2014 30 56,926 1,094
TELUS Corporation Restricted Share Units Fuller, David 5 11/12/2014 30 41.81 55,929 -997
TELUS Corporation Restricted Share Units Fuller, David 5 11/12/2014 30 43.07 55,174 -755
TELUS Corporation Restricted Share Units Green, Peter 5 11/12/2014 30 35,810 689
TELUS Corporation Restricted Share Units Green, Peter 5 11/12/2014 30 41.81 34,861 -949
TELUS Corporation Restricted Share Units Green, Peter 5 11/12/2014 30 43.07 34,175 -686
Tembec Inc. Common Shares Bastien, Reginald 5 16/12/2014 30 2.7975 14,641 101
Tembec Inc. Common Shares Black, Chris 5 16/12/2014 30 2.7975 26,174 2,458
Tembec Inc. Common Shares Coates, Linda 5 16/12/2014 30 2.7975 4,663 898
Tembec Inc. Common Shares Dottori, Paolo G. 5 16/12/2014 30 2.7975 15,260 919
Tembec Inc. Common Shares Dumas, Michel 4, 5 16/12/2014 30 2.7975 74,943 3,086
Tembec Inc. Common Shares LeBel, Patrick 5 16/12/2014 30 2.7975 8,835 941
Tembec Inc. Common Shares Lopez, Jim 4, 5 16/12/2014 30 2.7975 142,703 17,543
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11637
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Tembec Inc. Common Shares Moeltner, Marcus J. 5 16/12/2014 30 2.7975 7,789 825
Tembec Inc. Common Shares Ribeyrolle, Christian 5 16/12/2014 30 2.7975 12,914 3,489
Temple Hotels Inc. Common Shares Thorsteinson, Arni Clayton 4, 5 17/11/2014 10 3.85 10,000
Temple Hotels Inc. Common Shares Thorsteinson, Arni Clayton 4, 5 17/11/2014 10 3.85 10,000
Tempus Capital Inc. Options Clausi, Peter Michael 4, 5 17/12/2014 52 0 -125,000
Teras Resources Inc. Common Shares Consolidated Goldfields Corporation
3 16/12/2014 10 0.085 13,956,000 -25,000
Teras Resources Inc. Common Shares Consolidated Goldfields Corporation
3 16/12/2014 10 0.086 13,941,000 -15,000
Teras Resources Inc. Common Shares Consolidated Goldfields Corporation
3 17/12/2014 10 0.0851 13,842,000 -99,000
Teras Resources Inc. Common Shares Consolidated Goldfields Corporation
3 18/12/2014 10 0.085 13,758,500 -83,500
Terra Firma Capital Corporation
Common Shares Meyer, Yisrael Dov 5 12/12/2014 10 0.7 1,613,132 5,000
Terrace Energy Corp. Common Shares Alvaro, Anthony 5 19/12/2014 10 0.485 4,045,000 100,000
Terrace Energy Corp. Common Shares Gibbs, Dave 4 09/12/2014 10 0.482 653,000 8,000
Terrace Energy Corp. Common Shares Gibbs, Dave 4 09/12/2014 10 0.4772 658,000 5,000
Terrace Energy Corp. Common Shares Gibbs, Dave 4 09/12/2014 10 0.4769 663,000 5,000
Terrace Energy Corp. Common Shares Gibbs, Dave 4 09/12/2014 10 0.4509 665,000 2,000
Terrace Energy Corp. Common Shares Gibbs, Dave 4 16/12/2014 10 0.435 675,000 10,000
Terrace Energy Corp. Convertible Notes mccartney, william david 4, 5 16/12/2014 10 0.45 $100,000 $50,000
Tesco Corporation Options Stock Options Assing, Fernando Rafael 5 12/12/2014 50 181,900 65,600
Tesco Corporation Rights PSUs - EPS Assing, Fernando Rafael 5 11/05/2009 00
Tesco Corporation Rights PSUs - EPS Assing, Fernando Rafael 5 12/12/2014 56 28,800 28,800
Tesco Corporation Rights PSUs - ROCE Assing, Fernando Rafael 5 11/05/2009 00
Tesco Corporation Rights PSUs - ROCE Assing, Fernando Rafael 5 12/12/2014 56 28,800 28,800
Tesco Corporation Rights RSUs - Restricted Stock Units
Assing, Fernando Rafael 5 12/12/2014 56 65,686 34,600
Tesco Corporation Options Stock Options Boone, Christopher Laird 5 12/12/2014 50 39,900 21,900
Tesco Corporation Rights PSUs - EPS Boone, Christopher Laird 5 01/01/2014 00
Tesco Corporation Rights PSUs - EPS Boone, Christopher Laird 5 12/12/2014 56 9,600 9,600
Tesco Corporation Rights PSUs - ROCE Boone, Christopher Laird 5 01/01/2014 00
Tesco Corporation Rights PSUs - ROCE Boone, Christopher Laird 5 12/12/2014 56 9,600 9,600
Tesco Corporation Rights RSUs - Restricted Stock Units
Boone, Christopher Laird 5 12/12/2014 56 19,100 11,500
Tesco Corporation Rights RSUs - Restricted Stock Units
Dielwart, John Patrick 4 12/12/2014 56 11,000 8,500
Tesco Corporation Rights RSUs - Restricted Stock Units
Dyment, Fred J. 4 12/12/2014 56 12,702 8,500
Tesco Corporation Options Stock Options Ferris, Mihial Dean 5 12/12/2014 50 44,100 15,300
Tesco Corporation Rights PSUs - EPS Ferris, Mihial Dean 5 04/08/2010 00
Tesco Corporation Rights PSUs - EPS Ferris, Mihial Dean 5 12/12/2014 56 6,700 6,700
Tesco Corporation Rights PSUs - ROCE Ferris, Mihial Dean 5 04/08/2010 00
Tesco Corporation Rights PSUs - ROCE Ferris, Mihial Dean 5 12/12/2014 56 6,700 6,700
Tesco Corporation Rights RSUs - Restricted Stock Units
Ferris, Mihial Dean 5 12/12/2014 56 23,170 8,100
Tesco Corporation Rights RSUs - Restricted Stock Units
Kott, Gary L. 4 12/12/2014 56 12,702 8,500
Tesco Corporation Rights RSUs - Restricted Stock Units
Milligan, R. Vance 4 12/12/2014 56 12,702 8,500
Tesco Corporation Rights RSUs - Restricted Stock Units
Serrano, Elijio V. 4 12/12/2014 56 11,000 8,500
Tesco Corporation Rights RSUs - Restricted Stock Units
Sutherlin, Michael W. 4 12/12/2014 56 16,301 11,100
Tesla Exploration Ltd. (formerly Norex Exploration Services Inc.)
Options Schempf, Claude D. Jr. 7 15/12/2014 00 68,900
The Canadian Bioceutical Corporation
Options Bloovol, Marilyn 4, 5 10/12/2014 99 0.3 416,000 166,000
The Canadian Bioceutical Corporation
Options Layman, David J 4 18/11/2014 00
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11638
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
The Canadian Bioceutical Corporation
Options Layman, David J 4 16/12/2014 50 250,000 250,000
The Canadian Bioceutical Corporation
Options Stott, Donald 4 16/12/2014 50 0.05 636,265 250,000
The Jenex Corporation Options Fia, Roberto 4 11/12/2014 50 0.1 2,250,000 2,250,000
The Jenex Corporation Common Shares Gamble, John 4, 5 11/12/2014 10 1,650,000 1,050,000
The Jenex Corporation Options Gamble, John 4, 5 15/09/2009 00
The Jenex Corporation Options Gamble, John 4, 5 11/12/2014 50 0.1 1,300,000 1,300,000
The Jenex Corporation Common Shares Law, Tak Wing 5 11/12/2014 00 1,050,000
The Jenex Corporation Options Law, Tak Wing 5 11/12/2014 00 500,000
The Jenex Corporation Common Shares Shippen, Peter James 4 11/12/2014 46 0.05 1,500,000
The Jenex Corporation Common Shares Shippen, Peter James 4 11/12/2014 46 0.05 2,966,667 1,800,000
The Jenex Corporation Options Shippen, Peter James 4 15/09/2009 00
The Jenex Corporation Options Shippen, Peter James 4 11/12/2014 46 0.02 1,500,000 1,500,000
The Second Cup Ltd. Options Provato, Vanda Stefania 5 07/07/2014 00
The Second Cup Ltd. Options Provato, Vanda Stefania 5 15/12/2014 50 35,000 35,000
The Toronto-Dominion Bank Options Ahmed, Riaz 5 11/12/2014 50 52.46 396,632 57,188
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Ahmed, Riaz 5 31/10/2014 30 53.273 199,347 6,743
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Ahmed, Riaz 5 31/10/2014 30 53.273 88,910 3,007
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Ahmed, Riaz 5 11/12/2014 38 86,481 -2,429
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Ahmed, Riaz 5 11/12/2014 56 52.46 111,643 25,162
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Ahmed, Riaz 5 12/12/2014 59 51.91 81,248 -30,395
The Toronto-Dominion Bank Rights Vesting Share Units (VSU)
Ahmed, Riaz 5 10/12/2003 00
The Toronto-Dominion Bank Rights Vesting Share Units (VSU)
Ahmed, Riaz 5 11/12/2014 56 52.46 4,766 4,766
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Bennett, William E. 4 31/10/2014 30 52.833 75,159 2,553
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Bennett, William E. 4 11/12/2014 56 52.46 78,897 3,738
The Toronto-Dominion Bank Common Shares CUSIP 891160 50 9
Bragg, John 4 12/12/2014 10 52.261 395,758 5,700
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Bragg, John 4 31/10/2014 30 52.855 61,934 2,067
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Bragg, John 4 11/12/2014 56 52.46 64,031 2,097
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Brinkley, Amy Woods 4 31/10/2014 30 52.912 22,898 731
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Brinkley, Amy Woods 4 11/12/2014 56 52.46 24,995 2,097
The Toronto-Dominion Bank Common Shares CUSIP 891160 50 9
Campbell, Norie Clare 5 31/10/2014 30 52.84 7,376 250
The Toronto-Dominion Bank Common Shares CUSIP 891160 50 9
Campbell, Norie Clare 5 15/12/2014 47 52.1 7,376 -500
The Toronto-Dominion Bank Options Campbell, Norie Clare 5 11/12/2014 50 52.46 108,832 34,660
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Campbell, Norie Clare 5 15/04/2013 00
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Campbell, Norie Clare 5 11/12/2014 56 52.46 1,144 1,144
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Campbell, Norie Clare 5 31/10/2014 30 53.273 31,288 1,058
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Campbell, Norie Clare 5 11/12/2014 38 30,829 -459
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Campbell, Norie Clare 5 11/12/2014 56 52.46 46,079 15,250
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Campbell, Norie Clare 5 12/12/2014 59 51.91 40,337 -5,742
The Toronto-Dominion Bank Options Chauvin, Mark Russell 5 11/12/2014 50 52.46 302,728 50,256
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Chauvin, Mark Russell 5 31/10/2014 30 53.273 5,953 201
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11639
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Chauvin, Mark Russell 5 31/10/2014 30 53.273 88,775 3,003
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Chauvin, Mark Russell 5 11/12/2014 38 86,211 -2,564
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Chauvin, Mark Russell 5 11/12/2014 56 52.46 108,323 22,112
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Chauvin, Mark Russell 5 12/12/2014 59 76,242 -32,081
The Toronto-Dominion Bank Options Currie, Theresa Lynn 5 11/12/2014 50 52.46 315,156 53,724
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Currie, Theresa Lynn 5 31/10/2014 30 53.273 34,373 1,163
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Currie, Theresa Lynn 5 12/12/2014 57 41,127 6,754
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Currie, Theresa Lynn 5 31/10/2014 30 53.273 80,248 2,714
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Currie, Theresa Lynn 5 11/12/2014 38 78,089 -2,159
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Currie, Theresa Lynn 5 11/12/2014 56 52.46 101,726 23,637
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Currie, Theresa Lynn 5 12/12/2014 59 51.91 81,463 -20,263
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Currie, Theresa Lynn 5 12/12/2014 57 74,709 -6,754
The Toronto-Dominion Bank Rights Vesting Share Units (VSU)
Currie, Theresa Lynn 5 13/09/2004 00
The Toronto-Dominion Bank Rights Vesting Share Units (VSU)
Currie, Theresa Lynn 5 11/12/2014 56 52.46 4,766 4,766
The Toronto-Dominion Bank Options Dorrance, Robert E 5 11/12/2014 50 52.46 1,079,068 138,636
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Dorrance, Robert E 5 31/10/2014 30 53.273 630,823 21,337
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Dorrance, Robert E 5 31/10/2014 30 53.273 222,299 7,519
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Dorrance, Robert E 5 11/12/2014 38 215,867 -6,432
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Dorrance, Robert E 5 11/12/2014 56 52.46 276,866 60,999
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Dorrance, Robert E 5 12/12/2014 59 51.91 196,381 -80,485
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Goggins, Colleen 4 31/10/2014 30 52.955 12,336 380
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Goggins, Colleen 4 11/12/2014 56 52.46 14,433 2,097
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Haddad, Mary Jo 4 03/12/2014 00
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Haddad, Mary Jo 4 11/12/2014 56 52.46 1,922 1,922
The Toronto-Dominion Bank Options Hockey, Timothy 5 11/12/2014 50 52.46 651,336 96,180
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Hockey, Timothy 5 31/10/2014 30 53.273 52,083 1,762
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Hockey, Timothy 5 31/10/2014 30 53.273 145,557 4,923
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Hockey, Timothy 5 11/12/2014 38 141,306 -4,251
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Hockey, Timothy 5 11/12/2014 56 52.46 183,624 42,318
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Hockey, Timothy 5 12/12/2014 59 51.91 130,435 -53,189
The Toronto-Dominion Bank Rights Vesting Share Units (VSU)
Hockey, Timothy 5 31/10/2014 30 53.273 92,444 3,127
The Toronto-Dominion Bank Options Johnston, Colleen 5 11/12/2014 50 52.46 388,940 53,724
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Johnston, Colleen 5 31/10/2014 30 53.273 130,074 4,400
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Johnston, Colleen 5 11/12/2014 56 52.46 141,359 11,285
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Johnston, Colleen 5 31/10/2014 30 53.273 92,528 3,130
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11640
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Johnston, Colleen 5 11/12/2014 38 89,829 -2,699
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Johnston, Colleen 5 11/12/2014 56 52.46 113,466 23,637
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Johnston, Colleen 5 12/12/2014 59 51.91 79,696 -33,770
The Toronto-Dominion Bank Common Shares CUSIP 891160 50 9
Kepler, David E. 5 31/10/2014 30 54.824 1,099 13
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Kepler, David E. 5 31/10/2014 30 52.829 2,193 75
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Kepler, David E. 5 11/12/2014 56 52.46 4,290 2,097
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
KETCHAM, HENRY HOLMAN III
4 31/10/2014 30 52.846 91,408 3,073
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
KETCHAM, HENRY HOLMAN III
4 11/12/2014 56 52.46 92,282 874
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Levitt, Brian 4 31/10/2014 30 52.888 51,813 1,683
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Levitt, Brian 4 11/12/2014 56 52.46 55,625 3,812
The Toronto-Dominion Bank Common Shares CUSIP 891160 50 9
MacGibbon, Alan 4 31/10/2014 30 55.536 2,033 33
The Toronto-Dominion Bank Common Shares CUSIP 891160 50 9
MacGibbon, Alan 4 11/12/2014 10 52.955 3,033 1,000
The Toronto-Dominion Bank Common Shares CUSIP 891160 50 9
MacGibbon, Alan 4 16/12/2014 10 53.084 3,933 900
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
MacGibbon, Alan 4 31/10/2014 30 55.47 1,741 24
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
MacGibbon, Alan 4 11/12/2014 56 52.46 3,838 2,097
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
MacKay, Harold H. 4 31/10/2014 30 52.842 61,356 2,075
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
MacKay, Harold H. 4 11/12/2014 56 52.46 63,453 2,097
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Maidment, Karen 4 31/10/2014 30 52.986 16,715 507
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Maidment, Karen 4 11/12/2014 56 52.46 18,812 2,097
The Toronto-Dominion Bank Common Shares CUSIP 891160 50 9
Masrani, Bharat 4 16/12/2014 90 310,030 55,696
The Toronto-Dominion Bank Common Shares CUSIP 891160 50 9
Masrani, Bharat 4 16/12/2014 90 0 -55,696
The Toronto-Dominion Bank Options Masrani, Bharat 4 11/12/2014 50 52.46 1,249,668 141,668
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Masrani, Bharat 4 31/10/2014 30 53.273 146,045 4,940
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Masrani, Bharat 4 31/10/2014 30 53.273 199,899 6,761
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Masrani, Bharat 4 11/12/2014 38 194,128 -5,771
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Masrani, Bharat 4 11/12/2014 56 52.46 256,461 62,333
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Masrani, Bharat 4 12/12/2014 59 51.91 184,242 -72,219
The Toronto-Dominion Bank Rights Vesting Share Units (VSU)
Masrani, Bharat 4 31/10/2014 30 53.273 92,444 3,127
The Toronto-Dominion Bank Common Shares CUSIP 891160 50 9
McKenna, Frank Joseph 5 11/12/2014 51 21.25 65,000 20,000
The Toronto-Dominion Bank Options McKenna, Frank Joseph 5 11/12/2014 51 21.25 537,232 -20,000
The Toronto-Dominion Bank Options McKenna, Frank Joseph 5 11/12/2014 50 52.46 596,152 58,920
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
McKenna, Frank Joseph 5 31/10/2014 30 53.273 398,037 13,463
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
McKenna, Frank Joseph 5 31/10/2014 30 53.273 111,394 3,768
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
McKenna, Frank Joseph 5 11/12/2014 38 108,111 -3,283
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
McKenna, Frank Joseph 5 11/12/2014 56 52.46 134,036 25,925
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11641
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
McKenna, Frank Joseph 5 12/12/2014 59 51.91 92,948 -41,088
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Miller, Irene Ruth 4 31/10/2014 30 52.858 55,191 1,837
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Miller, Irene Ruth 4 11/12/2014 56 52.46 57,288 2,097
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Mohamed, Nadir 4 31/10/2014 30 52.866 35,030 1,159
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Mohamed, Nadir 4 11/12/2014 56 52.46 37,127 2,097
The Toronto-Dominion Bank Options Pedersen, Mike 5 11/12/2014 50 52.46 566,212 50,276
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Pedersen, Mike 5 31/10/2014 30 53.273 12,424 420
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Pedersen, Mike 5 31/10/2014 30 53.273 145,927 4,936
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Pedersen, Mike 5 11/12/2014 38 141,744 -4,183
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Pedersen, Mike 5 11/12/2014 56 52.46 203,618 61,874
The Toronto-Dominion Bank Rights Performance Share Units (PSU)
Pedersen, Mike 5 12/12/2014 59 51.91 151,274 -52,344
The Toronto-Dominion Bank Rights Vesting Share Units (VSU)
Pedersen, Mike 5 31/10/2014 30 53.273 12,697 429
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Prezzano, Wilbur J 4 31/10/2014 30 52.855 95,789 3,197
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Prezzano, Wilbur J 4 11/12/2014 56 52.46 97,886 2,097
The Toronto-Dominion Bank Common Shares CUSIP 891160 50 9
Sinclair, Helen K 4 31/10/2014 30 52.83 20,169 697
The Toronto-Dominion Bank Common Shares CUSIP 891160 50 9
Sinclair, Helen K 4 31/10/2014 30 52.83 11,336 384
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Sinclair, Helen K 4 31/10/2014 30 52.829 49,856 1,700
The Toronto-Dominion Bank Rights Deferred Share Units (DSU)
Sinclair, Helen K 4 11/12/2014 56 52.46 51,953 2,097
Theralase Technologies Inc. Common Shares Bruder, Randall 4 15/12/2014 10 0.62 1,053,360 30,000
Theralase Technologies Inc. Common Shares Bruder, Randall 4 15/12/2014 10 0.58 1,093,360 40,000
Theralase Technologies Inc. Common Shares Bruder, Randall 4 15/12/2014 10 0.61 1,143,360 50,000
Thomson Reuters Corporation
Deferred Share Units Bair, Sheila Colleen 4 15/12/2014 30 38.66 932 8
Thomson Reuters Corporation
Deferred Share Units Bair, Sheila Colleen 4 15/12/2014 46 38.66 1,546 614
Thomson Reuters Corporation
Common Shares Banga, Manvinder Singh 4 15/12/2014 46 38.54 33,650 601
Thomson Reuters Corporation
Deferred Share Units Banga, Manvinder Singh 4 15/12/2014 30 38.66 2,074 18
Thomson Reuters Corporation
Deferred Share Units Banga, Manvinder Singh 4 15/12/2014 46 38.66 2,397 323
Thomson Reuters Corporation
Deferred Share Units Binet, David W. 4, 6 15/12/2014 30 38.66 3,890 33
Thomson Reuters Corporation
Deferred Share Units Binet, David W. 4, 6 15/12/2014 46 38.66 5,183 1,293
Thomson Reuters Corporation
Deferred Share Units Cirillo, Mary 4 16/06/2014 46 35.41 18,196 1,624
Thomson Reuters Corporation
Deferred Share Units Cirillo, Mary 4 15/12/2014 30 38.66 20,057 170
Thomson Reuters Corporation
Deferred Share Units Cirillo, Mary 4 15/12/2014 46 38.66 21,544 1,487
Thomson Reuters Corporation
Depositary Interests (DIs) Craig, David William Ian 7, 5 01/01/2012 00
Thomson Reuters Corporation
Depositary Interests (DIs) Craig, David William Ian 7, 5 01/01/2012 00
Thomson Reuters Corporation
Common Shares Daniels, Michael Elie 4 15/12/2014 46 38.54 1,568 538
Thomson Reuters Corporation
Deferred Share Units Daniels, Michael Elie 4 15/12/2014 30 38.66 490 4
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11642
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Thomson Reuters Corporation
Deferred Share Units Daniels, Michael Elie 4 15/12/2014 46 38.66 813 323
Thomson Reuters Corporation
Common Shares Denning, Steven Aaron 4 15/12/2014 46 38.54 41,392 601
Thomson Reuters Corporation
Deferred Share Units Denning, Steven Aaron 4 15/12/2014 30 38.66 24,343 206
Thomson Reuters Corporation
Deferred Share Units Denning, Steven Aaron 4 15/12/2014 46 38.66 24,666 323
Thomson Reuters Corporation
Deferred Share Units Jenkins, Paul Thomas 4 15/12/2014 30 38.66 1,961 17
Thomson Reuters Corporation
Deferred Share Units Jenkins, Paul Thomas 4 15/12/2014 46 38.66 3,254 1,293
Thomson Reuters Corporation
Deferred Share Units Olisa, Ken 4 15/12/2014 30 38.66 2,882 24
Thomson Reuters Corporation
Deferred Share Units Olisa, Ken 4 15/12/2014 46 38.66 3,448 566
Thomson Reuters Corporation
Deferred Share Units Opperman, Vance K. 4 15/12/2014 30 38.66 75,018 635
Thomson Reuters Corporation
Deferred Share Units Opperman, Vance K. 4 15/12/2014 46 38.66 77,475 2,457
Thomson Reuters Corporation
Common Shares The Woodbridge Company Limited
3 15/12/2014 30 43.3 455,394,948 178,215
Thomson Reuters Corporation
Deferred Share Units Thomson, David Kenneth Roy
4, 6 15/12/2014 30 38.66 12,945 110
Thomson Reuters Corporation
Deferred Share Units Thomson, David Kenneth Roy
4, 6 15/12/2014 46 38.66 16,825 3,880
Thomson Reuters Corporation
Deferred Share Units Thomson, Peter J. 4, 6 15/12/2014 30 38.66 4,111 35
Thomson Reuters Corporation
Deferred Share Units Thomson, Peter J. 4, 6 15/12/2014 46 38.66 4,434 323
Thomson Reuters Corporation
Deferred Share Units von Schimmelmann, Wulf 4 15/12/2014 30 38.66 15,193 129
Thomson Reuters Corporation
Deferred Share Units von Schimmelmann, Wulf 4 15/12/2014 46 38.66 15,516 323
Till Capital Ltd. Restricted Voting Shares Rickard, John Terrell 7 16/12/2014 10 8 25,656 -200
Tim Hortons Inc. Common Shares Anthony, Douglas G. 7, 5 12/12/2014 22 0 -3,744
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Anthony, Douglas G. 7, 5 12/12/2014 22 0 -14,098
Tim Hortons Inc. Performance Share Units (PSU)
Anthony, Douglas G. 7, 5 12/12/2014 22 0 -1,010
Tim Hortons Inc. Restricted Stock Units Anthony, Douglas G. 7, 5 12/12/2014 22 0 -1,026
Tim Hortons Inc. Common Shares Atkins, Margaret Shan 4 12/12/2014 22 0 -1,000
Tim Hortons Inc. Deferred Stock Units (DSU)
Atkins, Margaret Shan 4 12/12/2014 22 0 -12,308
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Blackmore, David J.G. 7, 5 12/12/2014 22 0 -17,128
Tim Hortons Inc. Performance Share Units (PSU)
Blackmore, David J.G. 7, 5 12/12/2014 22 0 -1,227
Tim Hortons Inc. Restricted Stock Units Blackmore, David J.G. 7, 5 12/12/2014 22 0 -1,247
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Bonikowsky, Scott 5 12/12/2014 22 0 -15,964
Tim Hortons Inc. Performance Share Units (PSU)
Bonikowsky, Scott 5 12/12/2014 22 0 -1,227
Tim Hortons Inc. Restricted Stock Units Bonikowsky, Scott 5 12/12/2014 22 0 -1,026
Tim Hortons Inc. Deferred Stock Units (DSU)
Brillon, Sherri 4 12/12/2014 22 0 -2,400
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Caira, Marc 4 12/12/2014 22 0 -264,364
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11643
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Tim Hortons Inc. Performance Share Units (PSU)
Caira, Marc 4 12/12/2014 22 0 -16,846
Tim Hortons Inc. Restricted Stock Units Caira, Marc 4 12/12/2014 22 0 -16,743
Tim Hortons Inc. Common Shares Clanachan, David F. 5 12/12/2014 22 0 -59,734
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Clanachan, David F. 5 12/12/2014 22 0 -141,813
Tim Hortons Inc. Performance Share Units (PSU)
Clanachan, David F. 5 12/12/2014 22 0 -5,053
Tim Hortons Inc. Restricted Stock Units Clanachan, David F. 5 12/12/2014 22 0 -5,132
Tim Hortons Inc. Common Shares Devine, Cynthia Jane 5 12/12/2014 22 0 -92,800
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Devine, Cynthia Jane 5 12/12/2014 22 0 -160,950
Tim Hortons Inc. Performance Share Units (PSU)
Devine, Cynthia Jane 5 12/12/2014 22 0 -5,053
Tim Hortons Inc. Restricted Stock Units Devine, Cynthia Jane 5 12/12/2014 22 0 -5,132
Tim Hortons Inc. Common Shares Endres, Michael 4 12/12/2014 22 0 -52,884
Tim Hortons Inc. Deferred Stock Units (DSU)
Endres, Michael 4 12/12/2014 22 0 -22,085
Tim Hortons Inc. Common Shares Fife, Diana 5 12/12/2014 22 0 -3,735
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Fife, Diana 5 12/12/2014 22 0 -29,773
Tim Hortons Inc. Performance Share Units (PSU)
Fife, Diana 5 12/12/2014 22 0 -1,227
Tim Hortons Inc. Restricted Stock Units Fife, Diana 5 12/12/2014 22 0 -1,247
Tim Hortons Inc. Common Shares Fraser, Garry 7, 5 12/12/2014 22 0 -3,294
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Fraser, Garry 7, 5 12/12/2014 22 0 -6,851
Tim Hortons Inc. Performance Share Units (PSU)
Fraser, Garry 7, 5 12/12/2014 22 0 -491
Tim Hortons Inc. Restricted Stock Units Fraser, Garry 7, 5 12/12/2014 22 0 -501
Tim Hortons Inc. Deferred Stock Units (DSU)
Greene, Moya Marguerite 4 12/12/2014 22 0 -16,214
Tim Hortons Inc. Common Shares Hardman, Stephanie 7, 5 12/12/2014 22 0 -602
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Hardman, Stephanie 7, 5 12/12/2014 22 0 -10,626
Tim Hortons Inc. Performance Share Units (PSU)
Hardman, Stephanie 7, 5 12/12/2014 22 0 -757
Tim Hortons Inc. Restricted Stock Units Hardman, Stephanie 7, 5 12/12/2014 22 0 -826
Tim Hortons Inc. Common Shares Hemeon, John M. 5 12/12/2014 22 0 -1,633
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Hemeon, John M. 5 12/12/2014 22 0 -57,831
Tim Hortons Inc. Performance Share Units (PSU)
Hemeon, John M. 5 12/12/2014 22 0 -2,105
Tim Hortons Inc. Restricted Stock Units Hemeon, John M. 5 12/12/2014 22 0 -2,138
Tim Hortons Inc. Common Shares Henderson, Kenneth 7, 5 12/12/2014 22 0 -1,007
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Henderson, Kenneth 7, 5 12/12/2014 22 0 -10,626
Tim Hortons Inc. Performance Share Units (PSU)
Henderson, Kenneth 7, 5 12/12/2014 22 0 -757
Tim Hortons Inc. Restricted Stock Units Henderson, Kenneth 7, 5 12/12/2014 22 0 -826
Tim Hortons Inc. Common Shares Hollis, Glenn O. 7, 5 12/12/2014 22 0 -1,423
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11644
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Hollis, Glenn O. 7, 5 12/12/2014 22 0 -24,060
Tim Hortons Inc. Performance Share Units (PSU)
Hollis, Glenn O. 7, 5 12/12/2014 22 0 -1,227
Tim Hortons Inc. Restricted Stock Units Hollis, Glenn O. 7, 5 12/12/2014 22 0 -1,247
Tim Hortons Inc. Common Shares Holly, Mark 7, 5 12/12/2014 22 0 -1,806
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Holly, Mark 7, 5 12/12/2014 22 0 -10,626
Tim Hortons Inc. Performance Share Units (PSU)
Holly, Mark 7, 5 12/12/2014 22 0 -757
Tim Hortons Inc. Restricted Stock Units Holly, Mark 7, 5 12/12/2014 22 0 -826
Tim Hortons Inc. Common Shares House, Paul 4 12/12/2014 22 0 -147,554
Tim Hortons Inc. Deferred Stock Units (DSU)
House, Paul 4 12/12/2014 22 0 -2,234
Tim Hortons Inc. Restricted Stock Units House, Paul 4 12/12/2014 22 0 -29,363
Tim Hortons Inc. Common Shares Iacobucci, Frank 4 12/12/2014 22 0 -6,663
Tim Hortons Inc. Deferred Stock Units (DSU)
Iacobucci, Frank 4 12/12/2014 22 0 -29,783
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Javor, Nikola S. 5 12/12/2014 22 0 -17,128
Tim Hortons Inc. Performance Share Units (PSU)
Javor, Nikola S. 5 12/12/2014 22 0 -1,227
Tim Hortons Inc. Restricted Stock Units Javor, Nikola S. 5 12/12/2014 22 0 -1,247
Tim Hortons Inc. Common Shares Kipker, Mira 7 12/12/2014 22 0 -4,003
Tim Hortons Inc. Restricted Stock Units Kipker, Mira 7 12/12/2014 22 0 -1,694
Tim Hortons Inc. Common Shares Lederer, John A. 4 12/12/2014 22 0 -15,120
Tim Hortons Inc. Deferred Stock Units (DSU)
Lederer, John A. 4 12/12/2014 22 0 -24,626
Tim Hortons Inc. Common Shares Lees, David 4 12/12/2014 22 0 -6,680
Tim Hortons Inc. Deferred Stock Units (DSU)
Lees, David 4 12/12/2014 22 0 -24,502
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
McGrade, Patrick Michael 7 12/12/2014 22 0 -10,626
Tim Hortons Inc. Performance Share Units (PSU)
McGrade, Patrick Michael 7 12/12/2014 22 0 -757
Tim Hortons Inc. Restricted Stock Units McGrade, Patrick Michael 7 12/12/2014 22 0 -1,652
Tim Hortons Inc. Common Shares McKay, W. David 7, 5 12/12/2014 22 0 -724
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
McKay, W. David 7, 5 12/12/2014 22 0 -10,626
Tim Hortons Inc. Performance Share Units (PSU)
McKay, W. David 7, 5 12/12/2014 22 0 -757
Tim Hortons Inc. Restricted Stock Units McKay, W. David 7, 5 12/12/2014 22 0 -826
Tim Hortons Inc. Common Shares McMullen, David H. 7, 5 12/12/2014 22 0 -7,800
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
McMullen, David H. 7, 5 12/12/2014 22 0 -10,562
Tim Hortons Inc. Performance Share Units (PSU)
McMullen, David H. 7, 5 12/12/2014 22 0 -757
Tim Hortons Inc. Restricted Stock Units McMullen, David H. 7, 5 12/12/2014 22 0 -768
Tim Hortons Inc. Common Shares Meilleur, Mike 5 12/12/2014 22 0 -7,745
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Meilleur, Mike 5 12/12/2014 22 0 -37,205
Tim Hortons Inc. Performance Share Units (PSU)
Meilleur, Mike 5 12/12/2014 22 0 -1,936
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11645
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Tim Hortons Inc. Restricted Stock Units Meilleur, Mike 5 12/12/2014 22 0 -1,497
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Mench, Larry John 7 12/12/2014 22 0 -10,626
Tim Hortons Inc. Performance Share Units (PSU)
Mench, Larry John 7 12/12/2014 22 0 -757
Tim Hortons Inc. Restricted Stock Units Mench, Larry John 7 12/12/2014 22 0 -826
Tim Hortons Inc. Common Shares Michetti, Meredith 5 12/12/2014 22 0 -4,452
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Michetti, Meredith 5 12/12/2014 22 0 -15,190
Tim Hortons Inc. Performance Share Units (PSU)
Michetti, Meredith 5 12/12/2014 22 0 -757
Tim Hortons Inc. Restricted Stock Units Michetti, Meredith 5 12/12/2014 22 0 -768
Tim Hortons Inc. Deferred Stock Units (DSU)
Milroy, Thomas 4 12/12/2014 22 0 -2,400
Tim Hortons Inc. Common Shares Myskiw, Michael J. 5 12/12/2014 22 0 -3,267
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Myskiw, Michael J. 5 12/12/2014 22 0 -21,917
Tim Hortons Inc. Performance Share Units (PSU)
Myskiw, Michael J. 5 12/12/2014 22 0 -1,010
Tim Hortons Inc. Restricted Stock Units Myskiw, Michael J. 5 12/12/2014 22 0 -1,044
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Nadeau, Michael G. 7, 5 12/12/2014 22 0 -13,660
Tim Hortons Inc. Performance Share Units (PSU)
Nadeau, Michael G. 7, 5 12/12/2014 22 0 -1,010
Tim Hortons Inc. Restricted Stock Units Nadeau, Michael G. 7, 5 12/12/2014 22 0 -1,044
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Nowlan, Peter 5 12/12/2014 22 0 -22,123
Tim Hortons Inc. Performance Share Units (PSU)
Nowlan, Peter 5 12/12/2014 22 0 -7,727
Tim Hortons Inc. Restricted Stock Units Nowlan, Peter 5 12/12/2014 22 0 -5,151
Tim Hortons Inc. Deferred Stock Units (DSU)
O'Neill, Christopher 4 12/12/2014 22 0 -1,416
Tim Hortons Inc. Common Shares Phillips, Gordon J. 7, 5 12/12/2014 22 0 -1,845
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Phillips, Gordon J. 7, 5 12/12/2014 22 0 -10,626
Tim Hortons Inc. Performance Share Units (PSU)
Phillips, Gordon J. 7, 5 12/12/2014 22 0 -757
Tim Hortons Inc. Restricted Stock Units Phillips, Gordon J. 7, 5 12/12/2014 22 0 -826
Tim Hortons Inc. Common Shares Piggot, Cara M. 7, 5 12/12/2014 22 0 -1,967
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Piggot, Cara M. 7, 5 12/12/2014 22 0 -21,917
Tim Hortons Inc. Performance Share Units (PSU)
Piggot, Cara M. 7, 5 12/12/2014 22 0 -1,010
Tim Hortons Inc. Restricted Stock Units Piggot, Cara M. 7, 5 12/12/2014 22 0 -1,044
Tim Hortons Inc. Common Shares Sales, Wayne Carlyle 4 12/12/2014 22 0 -12,067
Tim Hortons Inc. Deferred Stock Units (DSU)
Sales, Wayne Carlyle 4 12/12/2014 22 0 -24,936
Tim Hortons Inc. Common Shares Sisk-Roehle, Jessica 7 12/12/2014 22 0 -101
Tim Hortons Inc. Restricted Stock Units Sisk-Roehle, Jessica 7 12/12/2014 22 0 -840
Tim Hortons Inc. Common Shares Sutton, Jill E. 5 12/12/2014 22 0 -2,604
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11646
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Sutton, Jill E. 5 12/12/2014 22 0 -46,631
Tim Hortons Inc. Performance Share Units (PSU)
Sutton, Jill E. 5 12/12/2014 22 0 -1,936
Tim Hortons Inc. Restricted Stock Units Sutton, Jill E. 5 12/12/2014 22 0 -1,710
Tim Hortons Inc. Common Shares Walton, Roland M. 5 12/12/2014 22 0 -70,590
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Walton, Roland M. 5 12/12/2014 22 0 -176,116
Tim Hortons Inc. Performance Share Units (PSU)
Walton, Roland M. 5 12/12/2014 22 0 -4,211
Tim Hortons Inc. Restricted Stock Units Walton, Roland M. 5 12/12/2014 22 0 -4,277
Tim Hortons Inc. Common Shares Wettlaufer, Michelle 5 12/12/2014 22 0 -2,234
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Wettlaufer, Michelle 5 12/12/2014 22 0 -23,536
Tim Hortons Inc. Performance Share Units (PSU)
Wettlaufer, Michelle 5 12/12/2014 22 0 -1,227
Tim Hortons Inc. Restricted Stock Units Wettlaufer, Michelle 5 12/12/2014 22 0 -1,247
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Wisch, Gesa 7, 5 12/12/2014 22 0 -17,128
Tim Hortons Inc. Performance Share Units (PSU)
Wisch, Gesa 7, 5 12/12/2014 22 0 -1,227
Tim Hortons Inc. Restricted Stock Units Wisch, Gesa 7, 5 12/12/2014 22 0 -1,247
Tim Hortons Inc. Common Shares Wuthmann, Stephen 5 12/12/2014 22 0 -1,453
Tim Hortons Inc. Options (stock appreciation rights may/may not be granted in tandem)
Wuthmann, Stephen 5 12/12/2014 22 0 -24,382
Tim Hortons Inc. Performance Share Units (PSU)
Wuthmann, Stephen 5 12/12/2014 22 0 -2,106
Tim Hortons Inc. Restricted Stock Units Wuthmann, Stephen 5 12/12/2014 22 0 -1,204
Timbercreek Mortgage Investment Corporation
Common Shares JONES, Andrew Alexander 5 12/12/2014 10 8.25 7,500 2,500
Tirex Resources Ltd. Common Shares Slusarchuk, Bryan James Rees
4 16/12/2014 10 0.19 949,500 3,000
Tirex Resources Ltd. Common Shares Slusarchuk, Bryan James Rees
4 16/12/2014 10 0.19 994,500 45,000
Titan Medical Inc. Common Shares Randall, Stephen 5 19/12/2014 10 1.52 84,658 -7,700
TORC Oil & Gas Ltd. Common Shares Canada Pension Plan Investment Board
3 15/12/2014 35 1,665,207 149,011
Torex Gold Resources Inc. Common Shares Stanford, Frederick McLae 4, 5 14/12/2014 57 263,540 12,850
Torex Gold Resources Inc. Rights Restricted Share Units (“RSU's”)
Stanford, Frederick McLae 4, 5 14/12/2014 57 1,821,460 -12,850
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Common Shares Bernhard, Dean 4 12/12/2014 37 0.034 474,074 -11,377,776
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Common Shares Bernhard, Dean 4 12/12/2014 37 0.034 29,629 -711,111
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Options Bernhard, Dean 4 01/10/2014 00
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Options Bernhard, Dean 4 08/12/2014 50 0.065 106,000 106,000
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Warrants Warrants 1/3 vest if 20 day VWAP greater than$0.045,$0.085,
Bernhard, Dean 4 12/12/2014 37 0.045 503,704 -12,088,886
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Common Shares Christoper, Seasons 4 12/12/2014 37 0.034 325,926 -7,822,222
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Options Christoper, Seasons 4 01/10/2014 00
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11647
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Options Christoper, Seasons 4 08/12/2014 50 0.065 106,000 106,000
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Common Shares Mahoney, James 4 12/12/2014 37 0.034 190,000 -4,560,000
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Common Shares Mahoney, James 4 08/12/2014 37 0.0338 77,800 -1,867,200
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Options Mahoney, James 4 01/10/2014 00
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Options Mahoney, James 4 08/12/2014 50 0.065 106,000 106,000
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Common Shares Olson, Barry 4, 5 12/12/2014 37 1,428,266 -34,278,399
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Options Olson, Barry 4, 5 01/10/2014 00
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Options Olson, Barry 4, 5 08/12/2014 50 0.065 412,000 412,000
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Common Shares Phaneuf, Gregory Gerald 5 12/12/2014 37 0.0338 573,630 -13,767,110
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Common Shares Phaneuf, Gregory Gerald 5 08/12/2014 37 0.0338 36,741 -881,777
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Options Phaneuf, Gregory Gerald 5 01/10/2014 00
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Options Phaneuf, Gregory Gerald 5 08/12/2014 50 0.065 324,000 324,000
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Common Shares Sabo, Donald 4, 5 08/12/2014 37 0.0338 2,725,996 -65,423,895
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Options Sabo, Donald 4, 5 01/10/2014 00
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Options Sabo, Donald 4, 5 08/12/2014 50 0.065 412,000 412,000
Toro Oil & Gas Ltd. (formerly Kallisto Energy Corp.)
Warrants 1/3 vest if 20 day VWAP greater than$0.045,$0.085, $0.11
Sabo, Donald 4, 5 12/12/2014 37 2,488,889 -59,733,333
Toromont Industries Ltd. Common Shares GALLOWAY, DAVID ALEXANDER
4 12/12/2014 51 16.27 5,000 5,000
Toromont Industries Ltd. Options GALLOWAY, DAVID ALEXANDER
4 12/12/2014 51 16.27 28,350 -5,000
Total Energy Services Inc. Common Shares Halyk, Daniel Kim 4, 5 17/12/2014 10 13.5 453,800 3,800
Total Energy Services Inc. Common Shares Total Energy Services Inc 1 15/12/2014 10 14.059 61,800 5,000
Total Energy Services Inc. Common Shares Total Energy Services Inc 1 16/12/2014 10 14.316 66,500 4,700
Total Energy Services Inc. Common Shares Total Energy Services Inc 1 17/12/2014 10 14.441 71,500 5,000
Total Energy Services Inc. Common Shares Total Energy Services Inc 1 18/12/2014 10 14.217 76,500 5,000
Total Energy Services Inc. Common Shares Total Energy Services Inc 1 19/12/2014 10 14.031 81,400 4,900
Touchstone Exploration Inc. Common Shares Baay, Paul Raymond 4, 5 15/12/2014 30 0.445 3,688
Touchstone Exploration Inc. Common Shares Baay, Paul Raymond 4, 5 15/12/2014 30 0.39 884,723 3,688
Touchstone Exploration Inc. Common Shares Budau, Christopher Scott 5 15/12/2014 30 0.445 2,889
Touchstone Exploration Inc. Common Shares Budau, Christopher Scott 5 15/12/2014 30 0.39 62,800 2,889
Touchstone Exploration Inc. Common Shares McKINNON, KENNETH RICHARD
4 15/12/2014 30 0.39 144,376 1,068
Touchstone Exploration Inc. Common Shares McKINNON, KENNETH RICHARD
4 19/12/2014 30 0.445 145,312 936
Touchstone Exploration Inc. Common Shares Mitzel, Trevor 4 15/12/2014 30 0.39 52,737 1,068
Touchstone Exploration Inc. Common Shares Mitzel, Trevor 4 19/12/2014 30 0.445 53,673 936
Touchstone Exploration Inc. Common Shares Ruttan, Corey Christopher 4, 5 15/12/2014 30 0.445 1,068
Touchstone Exploration Inc. Common Shares Ruttan, Corey Christopher 4, 5 15/12/2014 30 0.39 224,666 1,068
Touchstone Exploration Inc. Common Shares Ruttan, Corey Christopher 4, 5 19/12/2014 30 0.445 225,600 934
Touchstone Exploration Inc. Common Shares Shipka, James 5 15/12/2014 30 0.445 2,524
Touchstone Exploration Inc. Common Shares Shipka, James 5 15/12/2014 30 0.39 76,252 2,524
Touchstone Exploration Inc. Common Shares Smith, Richard Gregg 4 15/12/2014 30 0.39 197,038 1,068
Touchstone Exploration Inc. Common Shares Smith, Richard Gregg 4 19/12/2014 30 0.445 197,974 936
TransCanada Corporation Common Shares Delkus, Kristine 7, 5 19/12/2014 51 39.75 12,912 5,063
TransCanada Corporation Common Shares Delkus, Kristine 7, 5 19/12/2014 10 54.53 11,712 -1,200
TransCanada Corporation Common Shares Delkus, Kristine 7, 5 19/12/2014 10 54.52 10,912 -800
TransCanada Corporation Common Shares Delkus, Kristine 7, 5 19/12/2014 10 54.5 10,712 -200
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11648
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
TransCanada Corporation Common Shares Delkus, Kristine 7, 5 19/12/2014 10 54.55 10,212 -500
TransCanada Corporation Common Shares Delkus, Kristine 7, 5 19/12/2014 10 54.54 9,912 -300
TransCanada Corporation Common Shares Delkus, Kristine 7, 5 19/12/2014 10 54.47 8,149 -1,763
TransCanada Corporation Common Shares Delkus, Kristine 7, 5 19/12/2014 10 54.46 7,849 -300
TransCanada Corporation Options Granted Feb. 25, 2008 @ $39.75 (exp. Feb. 25, 2015)
Delkus, Kristine 7, 5 19/12/2014 51 0 -5,063
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 51 39.75 8,886 8,386
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 10 52.74 7,686 -1,200
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 10 52.73 2,586 -5,100
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 10 52.65 500 -2,086
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 51 31.97 10,500 10,000
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 10 52.65 6,686 -3,814
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 10 52.6 5,086 -1,600
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 10 52.54 500 -4,586
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 51 35.08 10,386 9,886
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 10 52.54 6,972 -3,414
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 10 52.59 4,872 -2,100
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 10 52.46 3,372 -1,500
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 10 52.45 672 -2,700
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 10 52.44 572 -100
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 10 52.42 500 -72
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 30 52.91 2,668 246
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 30 52.32 2,761 93
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 30 52.49 2,751 -10
TransCanada Corporation Common Shares Patry, Dean C. 7 15/12/2014 10 52.83 0 -2,751
TransCanada Corporation Options Granted Feb. 23, 2009 @ $31.97 CDN Expiry Feb. 23, 2016
Patry, Dean C. 7 15/12/2014 51 0 -10,000
TransCanada Corporation Options Granted Feb. 25, 2008 @ $39.75 (exp. Feb. 25, 2015)
Patry, Dean C. 7 15/12/2014 51 0 -8,386
TransCanada Corporation Options Granted Feb. 26, 2010 @ $35.08 CDN Expiry Feb. 26, 2017
Patry, Dean C. 7 15/12/2014 51 0 -9,886
TransCanada Corporation Common Shares Pourbaix, Alex 5 19/12/2014 51 39.75 50,000 21,000
TransCanada Corporation Common Shares Pourbaix, Alex 5 19/12/2014 10 54.85 45,000 -5,000
TransCanada Corporation Common Shares Pourbaix, Alex 5 19/12/2014 10 54.87 44,100 -900
TransCanada Corporation Common Shares Pourbaix, Alex 5 19/12/2014 10 54.81 43,200 -900
TransCanada Corporation Common Shares Pourbaix, Alex 5 19/12/2014 10 54.8 29,000 -14,200
TransCanada Corporation Options Granted Feb. 25, 2008 @ $39.75 (exp. Feb. 25, 2015)
Pourbaix, Alex 5 19/12/2014 51 20,929 -21,000
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 51 37.93 11,919 7,118
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 10 54.9 4,801 -7,118
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 51 31.97 11,801 7,000
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 10 54.95 10,801 -1,000
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 10 54.94 10,201 -600
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 10 54.92 9,801 -400
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 10 55 8,701 -1,100
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 10 54.99 7,801 -900
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 10 55.01 7,201 -600
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 10 54.8 5,801 -1,400
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 10 54.79 4,801 -1,000
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 51 35.08 11,645 6,844
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 10 54.8 10,445 -1,200
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 10 54.82 9,445 -1,000
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 10 54.86 8,445 -1,000
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 10 54.9 7,445 -1,000
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 10 54.92 6,445 -1,000
TransCanada Corporation Common Shares Tate, Kenneth R. 7 19/12/2014 10 54.95 4,801 -1,644
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11649
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
TransCanada Corporation Options Granted Feb. 18, 2011 @ $37.93 CDN Expiry Feb. 18, 2018
Tate, Kenneth R. 7 19/12/2014 51 0 -7,118
TransCanada Corporation Options Granted Feb. 23, 2009 @ $31.97 CDN Expiry Feb. 23, 2016
Tate, Kenneth R. 7 19/12/2014 51 0 -7,000
TransCanada Corporation Options Granted Feb. 26, 2010 @ $35.08 CDN Expiry Feb. 26, 2017
Tate, Kenneth R. 7 19/12/2014 51 0 -6,844
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Desaulniers, Christine 7, 5 12/01/2014 59 14.82 -6,269
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Desaulniers, Christine 7, 5 12/01/2014 59 14.82 -6,269
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Desaulniers, Christine 7, 5 12/12/2014 59 14.82 23,211 -6,269
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Gentiletti, Nelson 7, 5 12/12/2014 59 14.82 52,841 -7,863
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Laviolette, Katya 7 14/12/2004 00
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Laviolette, Katya 7 14/12/2004 00
Transcontinental Inc. Participation Units d'actions différées (UAD)/Deferred share unit (DSU)
Laviolette, Katya 5 12/12/2014 56 14.82 1,388 1,388
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Laviolette, Katya 5 12/12/2014 59 14.82 21,119 -1,483
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Laviolette, Katya 5 12/12/2014 36 14.82 19,731 -1,388
Transcontinental Inc. Options d'achat d'actions Marcoux, Isabelle 4 14/12/2014 52 43,992 -5,700
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Marcoux, Isabelle 4 12/12/2014 59 14.82 0 -5,412
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Marcoux, Pierre 4, 7 12/12/2014 59 14.82 15,319 -6,431
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Marcoux, Pierre 4, 7 12/12/2014 38 14.82 14,554 -765
Transcontinental Inc. Options d'achat d'actions Marcoux, Rémi 4, 6 14/12/2014 52 158,900 -42,200
Transcontinental Inc. Options d'achat d'actions Markle, Edward John 7, 5 14/12/2014 52 0 -3,600
Transcontinental Inc. Participation Units d'actions différées (UAD)/Deferred share unit (DSU)
Markle, Edward John 7, 5 12/12/2014 56 14.82 16,633 4,097
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Markle, Edward John 7, 5 12/12/2014 59 14.82 47,768 -4,228
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Markle, Edward John 7, 5 12/12/2014 36 14.82 43,671 -4,097
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11650
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Markle, Edward John 7, 5 12/12/2014 38 14.82 42,681 -990
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Morissette, Sylvain 5 12/12/2014 59 14.82 11,909 -3,793
Transcontinental Inc. Options d'achat d'actions Olivier, François 4, 7, 5 14/12/2014 52 553,976 -10,000
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Olivier, François 4, 7, 5 12/12/2014 59 14.62 237,904 -83,163
Transcontinental Inc. Options d'achat d'actions Reid, Brian 7, 5 14/12/2014 52 110,784 -6,500
Transcontinental Inc. Participation Units d'actions restreintes (UAR) / Restricted share unit (RSU)
Reid, Brian 7, 5 12/12/2014 59 14.82 56,803 -15,726
TransGlobe Energy Corporation
Common Shares Chase, Geoffrey Charles 4 18/12/2014 10 3.905 38,241 5,000
TransGlobe Energy Corporation
Common Shares Dyment, Fred J. 4 15/12/2014 10 3.37 126,600 3,500
TransGlobe Energy Corporation
Common Shares Dyment, Fred J. 4 16/12/2014 10 3.3613 138,100 11,500
TransGlobe Energy Corporation
Common Shares Mac Dougall, G.R. (Bob) 4 18/12/2014 10 3.89 27,800 12,800
Traverse Energy Ltd. Common Shares smith, laurie james 3, 4, 5 16/12/2014 10 0.7 5,453,800 3,000
Tree Island Steel Ltd. Common Shares Bull, Peter Morris 3 18/12/2014 10 1.8058 5,554,850 6,200
Tri Origin Exploration Ltd. Options Stock Galley, Alan 4 15/12/2014 50 0.05 500,000 200,000
Tri Origin Exploration Ltd. Options Stock Nagy, Louis Robert 5 15/12/2014 50 0.05 250,000 150,000
Tri Origin Exploration Ltd. Common Shares Valliant, Robert Irwin 4 15/12/2014 10 0.005 7,774,807 -1,410,000
Tribute Resources Inc. Common Shares Savard, Robert Richard 4 17/12/2014 10 0.0983 1,761,238 235,658
Trinidad Drilling Ltd. Rights Performance Share Units
Bolster, Lesley Marie 5 15/12/2014 59 6.1185 150,343 -30,130
Trinidad Drilling Ltd. Rights Performance Share Units
Conway, Brent John 5 15/12/2014 59 6.1185 239,605 -85,839
Trinidad Drilling Ltd. Rights Performance Share Units
Foreman, Rodney Ruel 5 15/12/2014 59 6.1185 28,642 -8,735
Trinidad Drilling Ltd. Rights Performance Share Units
Lachance, Adrian Victor 5 15/12/2014 59 6.1185 178,637 -65,709
Trinidad Drilling Ltd. Rights Performance Share Units
Lane, Gavin Bryan Forbister 5 15/12/2014 59 6.1185 23,570 -7,941
Trinidad Drilling Ltd. Common Shares Trinidad Drilling Ltd 1 01/12/2014 38 3,093,860 151,180
Trinidad Drilling Ltd. Common Shares Trinidad Drilling Ltd 1 02/12/2014 38 151,180
Trinidad Drilling Ltd. Common Shares Trinidad Drilling Ltd 1 02/12/2014 38 3,245,040 151,180
Trinidad Drilling Ltd. Common Shares Trinidad Drilling Ltd 1 03/12/2014 38 3,395,240 150,200
Trinidad Drilling Ltd. Common Shares Trinidad Drilling Ltd 1 04/12/2014 38 3,544,440 149,200
Trinidad Drilling Ltd. Common Shares Trinidad Drilling Ltd 1 05/12/2014 38 3,695,340 150,900
Trinidad Drilling Ltd. Rights Performance Share Units
Whitmarsh, Lyle Clarence 4 15/12/2014 59 6.1185 455,702 -257,356
TriStar Gold Inc. Common Shares Jones, III, Mark E. 4 09/12/2014 10 0.12 7,017,751 1,500
TriStar Gold Inc. Common Shares Jones, III, Mark E. 4 09/12/2014 10 0.125 7,018,751 1,000
TriStar Gold Inc. Common Shares Jones, III, Mark E. 4 09/12/2014 10 0.13 7,019,251 500
TriStar Gold Inc. Common Shares Jones, III, Mark E. 4 11/12/2014 10 0.125 7,029,251 10,000
Troy Resources Limited Common Shares Parish, Clement Robin Woodbine
4 16/12/2014 10 0.3866 87,242 -35,750
Troy Resources Limited Common Shares Parish, Clement Robin Woodbine
4 16/12/2014 10 0.3866 4,485,668 35,000
True North Commercial Real Estate Investment Trust
Trust Units Drimmer, Daniel 3, 4 18/12/2014 11 6.6 2,466,287 151,515
True North Commercial Real Estate Investment Trust
Trust Units Ossip, Alon Samuel 4 12/12/2014 15 6.15 65,500 33,000
Trueclaim Exploration Inc. Common Shares Adams, Linda 6 27/11/2014 37 0 -100,000
Trueclaim Exploration Inc. Common Shares Adams, Linda 6 27/11/2014 37 10,000 10,000
Trueclaim Exploration Inc. Common Shares Coulthard, Byron K 4, 5 27/11/2014 37 0 -536,500
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11651
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Trueclaim Exploration Inc. Common Shares Coulthard, Byron K 4, 5 27/11/2014 37 53,650 53,650
Trueclaim Exploration Inc. Common Shares Coulthard, Byron K 4, 5 16/12/2014 16 0.05 1,053,650 1,000,000
Trueclaim Exploration Inc. Warrants Coulthard, Byron K 4, 5 17/11/2014 37 1 1,100,000 100,000
Trueclaim Exploration Inc. Warrants Coulthard, Byron K 4, 5 27/11/2014 37 0.1 100,000 -1,000,000
Trueclaim Exploration Inc. Warrants Coulthard, Byron K 4, 5 16/12/2014 16 0.1 1,100,000 1,000,000
Trueclaim Exploration Inc. Common Shares Silverpoint Equity Ltd. 3 27/11/2014 37 0 -16,510,000
Trueclaim Exploration Inc. Common Shares Silverpoint Equity Ltd. 3 27/11/2014 37 1,651,000 1,651,000
Tuckamore Capital Management Inc.
Common Shares MacDonald, Dean 5 11/12/2014 10 0.535 8,773,240 8,500
Tuckamore Capital Management Inc.
Common Shares MacDonald, Dean 5 12/12/2014 10 0.5 8,925,740 152,500
Tucows Inc. Common Shares Ralls, Rawleigh Hazen 4 05/12/2014 90 395,611
Tucows Inc. Common Shares Ralls, Rawleigh Hazen 4 05/12/2014 90 395,611 384,361
Tucows Inc. Common Shares Ralls, Rawleigh Hazen 4 12/12/2014 90 395,618 7
Tucows Inc. Common Shares Ralls, Rawleigh Hazen 4 05/12/2014 90 2,779,833 -695,167
Tucows Inc. Common Shares Ralls, Rawleigh Hazen 4 12/12/2014 90 2,625,000 -154,833
Tucows Inc. Options Ralls, Rawleigh Hazen 4 16/12/2010 00
Tucows Inc. Options Ralls, Rawleigh Hazen 4 12/12/2014 90 43,461 43,461
Tudor Corporation Ltd. Common Shares CONN, LIONEL 4, 5 08/12/2014 11 2,634,416 48,000
Tuscany Energy Ltd. Common Shares Lamond, Robert William 4, 6, 5 08/12/2014 10 0.3 394,074 10,000
Tuscany Energy Ltd. Common Shares TUSCANY ENERGY LTD., TUSCANY ENERGY LTD.
1 12/12/2014 10 0.25 24,500 24,500
Tuscany Energy Ltd. Common Shares TUSCANY ENERGY LTD., TUSCANY ENERGY LTD.
1 12/12/2014 38 0.25 0 -24,500
Tuscany Energy Ltd. Common Shares TUSCANY ENERGY LTD., TUSCANY ENERGY LTD.
1 18/12/2014 10 0.25 10,000 10,000
Tuscany Energy Ltd. Common Shares TUSCANY ENERGY LTD., TUSCANY ENERGY LTD.
1 18/12/2014 38 0.25 0 -10,000
Twin Butte Energy Ltd. Common Shares Greschner, Thomas Joseph 4 15/12/2014 10 0.7501 0 -107,791
Twin Butte Energy Ltd. Common Shares Howe, Gordon 5 17/12/2014 35 0.797 82,109 500
Twin Butte Energy Ltd. Common Shares SAUNDERS, JAMES MACLEO
4, 5 17/12/2014 35 0.797 6,002,989 2,363
Twin Butte Energy Ltd. Common Shares Steckley, Warren D. 4 17/12/2014 35 0.797 273,546 1,180
Twin Butte Energy Ltd. Common Shares Steele, Alan 5 17/12/2014 35 0.797 1,303,164 2,918
Umbral Energy Corp. Common Shares Bal, Jagdip 4 12/12/2014 10 0.05 1,572,693 20,000
Umbral Energy Corp. Common Shares Bal, Jagdip 4 16/12/2014 50 0.05 1,922,693 350,000
Uni-Sélect Inc. Common Shares Ravacley, Michel 5 16/12/2014 10 30 9,805 -400
Uni-Sélect Inc. Common Shares Ravacley, Michel 5 16/12/2014 10 30.04 9,505 -300
Uni-Sélect Inc. Common Shares Ravacley, Michel 5 16/12/2014 10 30.05 9,005 -500
Uni-Sélect Inc. Common Shares Ravacley, Michel 5 16/12/2014 10 30.06 8,105 -900
Uni-Sélect Inc. Common Shares Ravacley, Michel 5 16/12/2014 10 30.07 7,805 -300
Uni-Sélect Inc. Common Shares Ravacley, Michel 5 16/12/2014 10 30.09 7,605 -200
Uni-Sélect Inc. Common Shares Ravacley, Michel 5 16/12/2014 10 30.125 7,505 -100
Uni-Sélect Inc. Common Shares Ravacley, Michel 5 16/12/2014 10 30.13 7,405 -100
Uni-Sélect Inc. Common Shares Ravacley, Michel 5 16/12/2014 10 30.24 2,705 -4,700
Uni-Sélect Inc. Common Shares Ravacley, Michel 5 16/12/2014 10 30.25 1,905 -800
Uni-Sélect Inc. Common Shares Ravacley, Michel 5 16/12/2014 10 30.255 1,705 -200
Uni-Sélect Inc. Common Shares Ravacley, Michel 5 16/12/2014 10 30.285 1,605 -100
Uni-Sélect Inc. Common Shares Ravacley, Michel 5 16/12/2014 10 30.3 1,600 -5
Uni-Sélect Inc. Common Shares Ravacley, Michel 5 16/12/2014 10 30.31 1,500 -100
Uni-Sélect Inc. Common Shares Ravacley, Michel 5 16/12/2014 10 30.35 700 -800
Uni-Sélect Inc. Common Shares Ravacley, Michel 5 16/12/2014 10 30.36 0 -700
Uni-Sélect Inc. Options Ravacley, Michel 5 10/12/2014 51 22.9 -10,205
Uni-Sélect Inc. Options Ravacley, Michel 5 10/12/2014 51 22.9 23,954 -10,205
Uniserve Communications Corporation
Common Shares Scholz, Michael Curt 4 17/12/2014 10 0.02 7,231,713 -1,714,000
Uniserve Communications Corporation
Common Shares Scholz, Michael Curt 4 17/12/2014 10 0.02 6,263,713 -968,000
Uniserve Communications Corporation
Common Shares Scholz, Michael Curt 4 18/12/2014 10 0.02 6,268,713 5,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11652
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Uniserve Communications Corporation
Common Shares Scholz, Michael Curt 4 17/12/2014 10 0.02 2,409,003 1,644,000
Uniserve Communications Corporation
Common Shares Scholz, Michael Curt 4 17/12/2014 10 0.02 3,377,003 968,000
United Hunter Oil & Gas Corp.
Common Shares Turner, Timothy 4, 5 19/12/2014 46 0.06 516,600 400,000
Ur-Energy Inc. Common Shares Heili, Wayne William 5 19/12/2014 57 0.92 249,625 16,347
Ur-Energy Inc. Options Heili, Wayne William 5 08/05/2013 52 796,783 -40,000
Ur-Energy Inc. Restricted Share Units Heili, Wayne William 5 19/12/2014 57 42,164 -16,347
UrtheCast Corp. Rights Restricted Share Units
Burt, Tye Winston 4 16/12/2014 56 74,000 34,000
UrtheCast Corp. Rights Restricted Share Units
Evans, William MacDonald ('Mac')
4 16/12/2014 56 74,000 34,000
UrtheCast Corp. Rights Restricted Share Units
Hoeschen, Chris 5 16/12/2014 56 70,000 30,000
UrtheCast Corp. Rights Restricted Share Units
Johnson, Dale Patrick 4 16/12/2014 56 74,000 34,000
UrtheCast Corp. Rights Restricted Share Units
Larson, Scott Theodore 4, 5 16/12/2014 56 415,000 235,000
UrtheCast Corp. Rights Restricted Share Units
Larson, Wade Jeffrey 4, 5 16/12/2014 56 415,000 235,000
UrtheCast Corp. Rights Restricted Share Units
Larson, Wade Jeffrey 4, 5 19/12/2014 56 235,000
UrtheCast Corp. Rights Restricted Share Units
Nordal, Greg 4 16/12/2014 56 67,333 34,000
UrtheCast Corp. Rights Restricted Share Units
Rath, Jeffrey Ulrich 5 16/12/2014 56 365,000 125,000
UrtheCast Corp. Rights Restricted Share Units
Roberts, Peter W 4 16/12/2014 56 74,000 34,000
Valeant Pharmaceuticals International, Inc.
Common Shares Farmer, Ron 4 12/12/2014 10 160.48 13,532 500
Vermilion Energy Inc. 6.50% Senior Unsecured Notes due 2016
Donadeo, Lorenzo 4, 5 12/12/2014 10 99.5 $5,000,000 $1,000,000
Vermilion Energy Inc. Common Shares Marino, Anthony William 5 15/12/2014 10 46.934 50,020 500
Victoria Gold Corp. (formerly Victoria Resource Corporation)
Options Ayranto, Mark 5 18/12/2014 52 0.7 1,611,817 -75,000
Victoria Gold Corp. (formerly Victoria Resource Corporation)
Options Harvey, T. Sean 4 18/12/2014 52 0.7 1,385,000 -125,000
Victoria Gold Corp. (formerly Victoria Resource Corporation)
Options Krol, Leendert G. 4 18/12/2014 52 0.7 1,160,000 -50,000
Victoria Gold Corp. (formerly Victoria Resource Corporation)
Options McConnell, John Charles 4, 5 18/12/2014 52 0.7 3,660,000 -500,000
Victoria Gold Corp. (formerly Victoria Resource Corporation)
Options Rendall, Marty 5 18/12/2014 52 0.7 2,200,000 -300,000
Village Farms International, Inc.
Common Shares McLernon, J.R. 4 18/12/2014 10 0.89 20,000 5,000
Village Farms International, Inc.
Common Shares Ruffini, Stephen 5 15/12/2014 10 0.83 103,600 2,500
Virtutone Networks Inc. (formerly Sawhill Capital Ltd.)
Common Shares Allen, Jason 4, 5 16/12/2014 10 0.14 4,619,000 225,000
Vista Gold Corp. Common Shares Earnest, Frederick H. 5 12/12/2014 10 0.2931 1,400
Vista Gold Corp. Common Shares Earnest, Frederick H. 5 12/12/2014 10 0.2931 126,150 1,400
Vista Gold Corp. Common Shares Earnest, Frederick H. 5 12/12/2014 10 0.2932 1,473
Vista Gold Corp. Common Shares Earnest, Frederick H. 5 12/12/2014 10 0.2932 127,623 1,473
Vista Gold Corp. Common Shares Earnest, Frederick H. 5 12/12/2014 10 0.2963 800
Vista Gold Corp. Common Shares Earnest, Frederick H. 5 12/12/2014 10 0.2963 128,423 800
Vista Gold Corp. Common Shares Earnest, Frederick H. 5 12/12/2014 10 0.2964 1,934
Vista Gold Corp. Common Shares Earnest, Frederick H. 5 12/12/2014 10 0.2964 130,357 1,934
Vista Gold Corp. Common Shares Earnest, Frederick H. 5 12/12/2014 10 0.2979 130,557 200
Vista Gold Corp. Common Shares Earnest, Frederick H. 5 12/12/2014 10 0.2996 137,623 7,066
Vista Gold Corp. Common Shares Earnest, Frederick H. 5 12/12/2014 10 0.2997 152,000 14,377
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11653
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
ViXS Systems Inc. Common Shares Pomeroy, John William 5 12/12/2014 90 1.47 20,819 -12,750
ViXS Systems Inc. Common Shares Pomeroy, John William 5 12/12/2014 90 1.47 13,937 12,750
Waldron Energy Corporation Common Shares Kearl, Jeffrey Allen 5 12/12/2014 30 0.25 189,001 41,602
Waldron Energy Corporation Common Shares Sapieha, Ernest 4, 5 12/12/2014 10 0.13 1,142,274 10,000
Waldron Energy Corporation Common Shares Sapieha, Ernest 4, 5 12/12/2014 30 0.25 1,197,744 55,470
Waldron Energy Corporation Common Shares Stodalka, Murray 5 12/12/2014 30 0.25 822,963 48,536
Wesdome Gold Mines Ltd. Options Laplante, Benoit 5 11/12/2014 50 1.21 225,000 50,000
Wesdome Gold Mines Ltd. Options Mannard, George Nelson 5 11/12/2014 50 1.21 492,698 50,000
Wesdome Gold Mines Ltd. Options Ng, Philip 5 11/12/2014 50 1.21 315,000 75,000
Wesdome Gold Mines Ltd. Options Uloth, Rowland Wallace 4 11/12/2014 50 1.21 395,000 100,000
West Fraser Timber Co. Ltd. Options KETCHAM, HENRY HOLMAN III
4, 5 15/12/2014 59 1,154,305 -50,000
West Fraser Timber Co. Ltd. Options McLaren, Sean Peter 5 12/12/2014 59 48,925 -4,000
Western Copper and Gold Corporation
Common Shares Corman, Francis Dale 4, 5 16/12/2014 10 0.57 6,000,000 26,500
Western Copper and Gold Corporation
Common Shares Francois, Julien 5 17/12/2014 10 0.58 169,000 10,000
Western Energy Services Corp.
Common Shares Western Energy Services Corp.
1 01/12/2014 00
Western Energy Services Corp.
Common Shares Western Energy Services Corp.
1 17/12/2014 38 5.51 3,700 3,700
Western Forest Products Inc. Common Shares Waites, Michael T. 4 12/12/2014 10 2.41 40,000 15,000
Western Lithium USA Corporation
Options Bertolli, Silvio 5 14/12/2014 52 1.43 1,200,000 -200,000
Western Uranium Corporation (formerly known as Homeland Uranium Inc.)
Common Shares Kritzinger, Geoff 5 15/12/2014 37 3,375 -2,696,625
WesternOne Inc. Common Shares Blake, Peter James 5 25/09/2014 10 8 62,900 17,500
WesternOne Inc. Common Shares Blake, Peter James 5 26/11/2014 35 472
WesternOne Inc. Common Shares Blake, Peter James 5 26/11/2014 35 74,536 664
Westport Innovations Inc. Common Shares ACHUTHAN, ASHOKA 5 05/06/2014 00
Westport Innovations Inc. Common Shares ACHUTHAN, ASHOKA 5 10/12/2014 57 2,745 2,745
Westport Innovations Inc. Restricted Share Units ACHUTHAN, ASHOKA 5 10/12/2014 57 134,304 -2,745
Whistler Blackcomb Holdings Inc.
Options Black, Jeremy Michael Thomas
5 15/12/2014 50 79,294 33,580
Whistler Blackcomb Holdings Inc.
Performance Awards Black, Jeremy Michael Thomas
5 15/12/2014 56 9,172 4,143
Whistler Blackcomb Holdings Inc.
Options Brownlie, David Barrie 4, 5 15/12/2014 50 193,066 89,066
Whistler Blackcomb Holdings Inc.
Performance Awards Brownlie, David Barrie 4, 5 15/12/2014 56 22,431 10,990
Whistler Blackcomb Holdings Inc.
Options Keable, Thierry 5 15/12/2014 50 17,945 10,802
Whistler Blackcomb Holdings Inc.
Performance Awards Keable, Thierry 5 15/12/2014 56 2,119 1,333
Whistler Blackcomb Holdings Inc.
Options Rempel, Stuart Nicolas 5 15/12/2014 50 43,662 18,519
Whistler Blackcomb Holdings Inc.
Performance Awards Rempel, Stuart Nicolas 5 15/12/2014 56 5,051 2,285
Wolfden Resources Corporation
Common Shares Downie, Ewan Stewart 4 18/12/2014 16 0.22 3,020,100 100,000
Wolfden Resources Corporation
Warrants Downie, Ewan Stewart 4 18/12/2014 16 0.3 100,000 50,000
Wolfden Resources Corporation
Common Shares Hoy, Donald 4, 5 18/12/2014 16 0.22 456,000 40,000
Wolfden Resources Corporation
Warrants Hoy, Donald 4, 5 18/12/2014 16 0.3 95,000 20,000
Wolfden Resources Corporation
Common Shares Topping, George Justice 5 18/12/2014 16 0.22 230,000 70,000
Wolfden Resources Corporation
Warrants Topping, George Justice 5 18/12/2014 16 0.3 110,000 35,000
Yamana Gold Inc. Common Shares CAMPBELL, RICHARD 5 12/12/2014 57 16,643 5,557
Yamana Gold Inc. Common Shares CAMPBELL, RICHARD 5 12/12/2014 10 4.6348 13,806 -2,837
Yamana Gold Inc. Common Shares CAMPBELL, RICHARD 5 15/12/2014 57 19,098 5,292
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11654
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Yamana Gold Inc. Common Shares CAMPBELL, RICHARD 5 15/12/2014 10 4.47 16,396 -2,702
Yamana Gold Inc. Restricted Shares CAMPBELL, RICHARD 5 12/12/2014 57 38,456 -5,557
Yamana Gold Inc. Restricted Shares CAMPBELL, RICHARD 5 15/12/2014 57 33,164 -5,292
Yamana Gold Inc. Common Shares Cintra, Evandro 5 15/12/2014 57 173,380 12,923
Yamana Gold Inc. Restricted Shares Cintra, Evandro 5 15/12/2014 57 32,240 -12,923
Yamana Gold Inc. Common Shares Costa, Ludovico Sebastiao 5 12/12/2014 57 242,012 20,376
Yamana Gold Inc. Common Shares Costa, Ludovico Sebastiao 5 12/12/2014 10 4.68 238,930 -3,082
Yamana Gold Inc. Common Shares Costa, Ludovico Sebastiao 5 15/12/2014 57 267,115 28,185
Yamana Gold Inc. Common Shares Costa, Ludovico Sebastiao 5 15/12/2014 10 4.26 262,852 -4,263
Yamana Gold Inc. Restricted Shares Costa, Ludovico Sebastiao 5 12/12/2014 57 284,558 -20,376
Yamana Gold Inc. Restricted Shares Costa, Ludovico Sebastiao 5 15/12/2014 57 256,373 -28,185
Yamana Gold Inc. Common Shares Davidson, Alexander John 4 19/12/2014 10 4.72 22,000 5,000
Yamana Gold Inc. Common Shares Doddridge, Elizabeth 5 12/12/2014 57 33,076 3,705
Yamana Gold Inc. Common Shares Doddridge, Elizabeth 5 12/12/2014 10 4.63 31,686 -1,390
Yamana Gold Inc. Common Shares Doddridge, Elizabeth 5 15/12/2014 57 37,224 5,538
Yamana Gold Inc. Restricted Shares Doddridge, Elizabeth 5 12/12/2014 57 32,475 -3,705
Yamana Gold Inc. Restricted Shares Doddridge, Elizabeth 5 15/12/2014 57 26,937 -5,538
Yamana Gold Inc. Common Shares Fernandez-Tobar, Gerardo 5 12/12/2014 57 30,019 6,669
Yamana Gold Inc. Common Shares Fernandez-Tobar, Gerardo 5 15/12/2014 57 36,173 6,154
Yamana Gold Inc. Restricted Shares Fernandez-Tobar, Gerardo 5 12/12/2014 57 72,908 -6,669
Yamana Gold Inc. Restricted Shares Fernandez-Tobar, Gerardo 5 15/12/2014 57 66,754 -6,154
Yamana Gold Inc. Common Shares LeBlanc, Jason 5 12/12/2014 57 21,465 3,705
Yamana Gold Inc. Common Shares LeBlanc, Jason 5 15/12/2014 57 27,311 5,846
Yamana Gold Inc. Restricted Shares LeBlanc, Jason 5 12/12/2014 57 35,256 -3,705
Yamana Gold Inc. Restricted Shares LeBlanc, Jason 5 15/12/2014 57 29,410 -5,846
Yamana Gold Inc. Common Shares Main, Charles 5 12/12/2014 57 195,561 23,155
Yamana Gold Inc. Common Shares Main, Charles 5 12/12/2014 10 4.6348 183,740 -11,821
Yamana Gold Inc. Common Shares Main, Charles 5 15/12/2014 57 210,325 26,585
Yamana Gold Inc. Common Shares Main, Charles 5 15/12/2014 10 4.47 196,753 -13,572
Yamana Gold Inc. Restricted Shares Main, Charles 5 12/12/2014 57 276,944 -23,155
Yamana Gold Inc. Restricted Shares Main, Charles 5 15/12/2014 57 250,359 -26,585
Yamana Gold Inc. Common Shares Martins, Ana Lucia 5 12/12/2014 56 4,554
Yamana Gold Inc. Common Shares Martins, Ana Lucia 5 12/12/2014 56 4,554
Yamana Gold Inc. Common Shares Martins, Ana Lucia 5 12/12/2014 57 77,309 1,853
Yamana Gold Inc. Common Shares Martins, Ana Lucia 5 15/12/2014 57 81,863 4,554
Yamana Gold Inc. Restricted Shares Martins, Ana Lucia 5 12/12/2014 57 -4,554
Yamana Gold Inc. Restricted Shares Martins, Ana Lucia 5 12/12/2014 57 -4,554
Yamana Gold Inc. Restricted Shares Martins, Ana Lucia 5 12/12/2014 57 24,541 -1,853
Yamana Gold Inc. Restricted Shares Martins, Ana Lucia 5 15/12/2014 57 19,987 -4,554
Yamana Gold Inc. Common Shares Marud, Darcy Edward 5 15/12/2014 57 291,292 20,308
Yamana Gold Inc. Restricted Shares Marud, Darcy Edward 5 15/12/2014 57 82,111 -20,308
Yamana Gold Inc. Common Shares McKnight, Greg 5 12/12/2014 57 154,689 13,893
Yamana Gold Inc. Common Shares McKnight, Greg 5 12/12/2014 10 4.65 147,596 -7,093
Yamana Gold Inc. Common Shares McKnight, Greg 5 15/12/2014 57 169,750 22,154
Yamana Gold Inc. Common Shares McKnight, Greg 5 15/12/2014 10 4.63 158,440 -11,310
Yamana Gold Inc. Restricted Shares McKnight, Greg 5 12/12/2014 57 209,738 -13,893
Yamana Gold Inc. Restricted Shares McKnight, Greg 5 15/12/2014 57 187,584 -22,154
Yamana Gold Inc. Common Shares Munhoz, Nelson 5 12/12/2014 57 98,794 4,631
Yamana Gold Inc. Common Shares Munhoz, Nelson 5 15/12/2014 57 104,948 6,154
Yamana Gold Inc. Restricted Shares Munhoz, Nelson 5 12/12/2014 57 44,263 -4,631
Yamana Gold Inc. Restricted Shares Munhoz, Nelson 5 15/12/2014 57 38,109 -6,154
Yamana Gold Inc. Common Shares Portmann, Patrick 5 12/12/2014 57 2,964 2,964
Yamana Gold Inc. Common Shares Portmann, Patrick 5 12/12/2014 10 4.6348 1,451 -1,513
Yamana Gold Inc. Common Shares Portmann, Patrick 5 15/12/2014 57 5,143 3,692
Yamana Gold Inc. Common Shares Portmann, Patrick 5 15/12/2014 10 4.47 3,258 -1,885
Yamana Gold Inc. Restricted Shares Portmann, Patrick 5 12/12/2014 57 23,930 -2,964
Yamana Gold Inc. Restricted Shares Portmann, Patrick 5 15/12/2014 57 20,238 -3,692
Yamana Gold Inc. Common Shares Radu, Dave 5 12/12/2014 57 18,277 2,964
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11655
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Yamana Gold Inc. Common Shares Radu, Dave 5 12/12/2014 10 4.6348 16,764 -1,513
Yamana Gold Inc. Common Shares Radu, Dave 5 15/12/2014 57 19,841 3,077
Yamana Gold Inc. Common Shares Radu, Dave 5 15/12/2014 10 4.47 18,270 -1,571
Yamana Gold Inc. Restricted Shares Radu, Dave 5 12/12/2014 57 23,272 -2,964
Yamana Gold Inc. Restricted Shares Radu, Dave 5 15/12/2014 57 20,195 -3,077
Yamana Gold Inc. Common Shares Soares, Betty 5 12/12/2014 57 47,438 3,705
Yamana Gold Inc. Common Shares Soares, Betty 5 12/12/2014 10 4.6348 45,547 -1,891
Yamana Gold Inc. Common Shares Soares, Betty 5 15/12/2014 57 51,393 5,846
Yamana Gold Inc. Common Shares Soares, Betty 5 15/12/2014 10 4.47 48,409 -2,984
Yamana Gold Inc. Restricted Shares Soares, Betty 5 12/12/2014 57 35,256 -3,705
Yamana Gold Inc. Restricted Shares Soares, Betty 5 15/12/2014 57 29,410 -5,846
Yamana Gold Inc. Common Shares Solovera, Ricardo 5 12/12/2014 57 28,995 4,631
Yamana Gold Inc. Common Shares Solovera, Ricardo 5 15/12/2014 57 32,687 3,692
Yamana Gold Inc. Restricted Shares Solovera, Ricardo 5 12/12/2014 57 61,445 -4,631
Yamana Gold Inc. Restricted Shares Solovera, Ricardo 5 15/12/2014 57 57,753 -3,692
Yamana Gold Inc. Common Shares Tsakos, Sofia 5 12/12/2014 57 49,809 9,262
Yamana Gold Inc. Common Shares Tsakos, Sofia 5 12/12/2014 10 4.61 44,763 -5,046
Yamana Gold Inc. Common Shares Tsakos, Sofia 5 15/12/2014 57 58,301 13,538
Yamana Gold Inc. Common Shares Tsakos, Sofia 5 15/12/2014 10 4.63 50,925 -7,376
Yamana Gold Inc. Restricted Shares Tsakos, Sofia 5 12/12/2014 57 135,734 -9,262
Yamana Gold Inc. Restricted Shares Tsakos, Sofia 5 15/12/2014 57 122,196 -13,538
Yamana Gold Inc. Common Shares Vera, Hernan 5 12/12/2014 57 57,449 4,817
Yamana Gold Inc. Common Shares Vera, Hernan 5 15/12/2014 57 61,141 3,692
Yamana Gold Inc. Restricted Shares Vera, Hernan 5 12/12/2014 57 90,064 -4,817
Yamana Gold Inc. Restricted Shares Vera, Hernan 5 15/12/2014 57 86,372 -3,692
Yamana Gold Inc. Common Shares Wulftange, William 5 12/12/2014 57 9,262 9,262
Yamana Gold Inc. Restricted Shares Wulftange, William 5 12/12/2014 57 59,927 -9,262
Yorbeau Resources Inc. Common Shares Class A 8217327 CANADA INC. 3 17/12/2014 00 5,555,557
Yorbeau Resources Inc. Common Shares Class A 8217327 CANADA INC. 3 17/12/2014 10 0.0799 23,755,557 18,200,000
Yorbeau Resources Inc. Warrants 8217327 CANADA INC. 3 17/12/2014 00 2,777,778
Yorbeau Resources Inc. Common Shares Class A Gupta, Amit 6 17/12/2014 00 23,755,557
Yorbeau Resources Inc. Warrants Gupta, Amit 6 17/12/2014 00 2,777,778
Zaio Corporation Common Shares Madro, Edward James 4 11/12/2014 00 566,963
Zaio Corporation Warrants Madro, Edward James 4 11/12/2014 00 150,000
Zaio Corporation Common Shares Wazonek, Phillip Louis 4 11/12/2014 00 381,000
Zargon Oil & Gas Ltd. Common Shares Burden, Leslie Edward 5 15/12/2014 30 3.099 15,714 229
Zargon Oil & Gas Ltd. Common Shares Burden, Leslie Edward 5 15/12/2014 30 4.436 15,833 119
Zargon Oil & Gas Ltd. Common Shares Burden, Leslie Edward 5 15/12/2014 30 3.099 13,308 344
Zargon Oil & Gas Ltd. Common Shares Burden, Leslie Edward 5 15/12/2014 30 4.436 13,483 175
Zargon Oil & Gas Ltd. Common Shares Doetzel, Randolph John 5 15/12/2014 30 3.099 3,612 651
Zargon Oil & Gas Ltd. Common Shares Doetzel, Randolph John 5 15/12/2014 30 4.436 3,630 18
Zargon Oil & Gas Ltd. Common Shares Hansen, Craig Henry 4, 5 15/12/2014 30 3.099 936,610 591
Zargon Oil & Gas Ltd. Common Shares Hansen, Craig Henry 4, 5 15/12/2014 30 4.436 936,931 321
Zargon Oil & Gas Ltd. Common Shares Hansen, Craig Henry 4, 5 15/12/2014 30 3.099 585,666 318
Zargon Oil & Gas Ltd. Common Shares Hansen, Craig Henry 4, 5 15/12/2014 30 4.436 585,839 173
Zargon Oil & Gas Ltd. Common Shares Hustad, Christopher Michael 5 15/12/2014 30 3.099 20,331 596
Zargon Oil & Gas Ltd. Common Shares Hustad, Christopher Michael 5 15/12/2014 30 4.436 20,575 244
Zargon Oil & Gas Ltd. Common Shares Janjua, Pete Hardeep Singh 5 15/12/2014 30 3.099 14,131 613
Zargon Oil & Gas Ltd. Common Shares Janjua, Pete Hardeep Singh 5 15/12/2014 30 4.436 14,312 181
Zargon Oil & Gas Ltd. Common Shares Kergan, Brian 5 15/12/2014 30 3.099 59,666 417
Zargon Oil & Gas Ltd. Common Shares Kergan, Brian 5 15/12/2014 30 4.436 59,892 226
Zargon Oil & Gas Ltd. Common Shares Kergan, Brian 5 15/12/2014 30 3.099 31,705 278
Zargon Oil & Gas Ltd. Common Shares Kergan, Brian 5 15/12/2014 30 4.436 31,855 150
Zargon Oil & Gas Ltd. Common Shares Moriyama, Robert Todd 5 15/12/2014 30 3.099 15,045 318
Zargon Oil & Gas Ltd. Common Shares Moriyama, Robert Todd 5 15/12/2014 30 4.436 15,242 197
Zargon Oil & Gas Ltd. Common Shares Moriyama, Robert Todd 5 15/12/2014 30 3.099 9,859 318
Zargon Oil & Gas Ltd. Common Shares Moriyama, Robert Todd 5 15/12/2014 30 4.436 9,952 93
Zazu Metals Corporation Common Shares Atzmon, Gil 5 15/12/2014 10 0.316 5,357,000 5,000
Insider Reporting
December 30, 2014
(2014), 37 OSCB 11656
Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Price
Date/Month End Holdings
Acquired/ Disposed
Zazu Metals Corporation Common Shares Ford, Matthew Thomas 5 19/12/2014 10 0.3 227,700 2,000
ZCL Composites Inc. Common Shares Franceschini, Anthony P. 4 17/12/2014 51 3.87 40,000 20,000
ZCL Composites Inc. Options Franceschini, Anthony P. 4 17/12/2014 51 3.87 85,000 -20,000
ZCL Composites Inc. Common Shares Olson, Allan Stuart 4 18/12/2014 15 3.87 77,000 20,000
ZCL Composites Inc. Common Shares Olson, Allan Stuart 4 18/12/2014 10 6.64 57,000 -20,000
ZCL Composites Inc. Options Olson, Allan Stuart 4 18/12/2014 51 3.87 75,000 -20,000
ZCL Composites Inc. Common Shares Roozen, Harold 4 16/12/2014 51 3.87 20,000 20,000
ZCL Composites Inc. Options Roozen, Harold 4 16/12/2014 51 3.87 75,000 -20,000
Zephyr Minerals Ltd. Common Shares Felderhof, G. William 4 15/12/2014 10 0.17 1,671,833 3,000
Zephyr Minerals Ltd. Common Shares Felderhof, G. William 4 15/12/2014 10 0.16 1,674,833 3,000
Zephyr Minerals Ltd. Common Shares Felderhof, G. William 4 15/12/2014 10 0.15 1,682,333 7,500
Zephyr Minerals Ltd. Common Shares Felderhof, G. William 4 16/12/2014 10 0.15 1,687,333 5,000
Zephyr Minerals Ltd. Common Shares Felderhof, G. William 4 17/12/2014 10 0.15 1,689,333 2,000
Zephyr Minerals Ltd. Common Shares Felderhof, G. William 4 18/12/2014 10 0.15 1,692,333 3,000
December 30, 2014
(2014), 37 OSCB 11657
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
December 30, 2014
(2014), 37 OSCB 11658
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December 30, 2014
(2014), 37 OSCB 11659
Chapter 11
IPOs, New Issues and Secondary Financings Issuer Name: Aptose Biosciences Inc. Principal Regulator - Ontario Type and Date: Preliminary Base Shelf Prospectus dated December 16, 2014 NP 11-202 Receipt dated December 16, 2014 Offering Price and Description: US$100,000,000.00 Common Shares Warrants Units Underwriter(s) or Distributor(s): - Promoter(s): - Project #2293331 _______________________________________________ Issuer Name: Canadian Imperial Bank of Commerce Type and Date: Preliminary Base Shelf Prospectus dated December 16, 2014 Receipted on December 16, 2014 Offering Price and Description: US$10,000,000,000 Senior Debt Securities (unsubordinated indebtedness) Subordinated Debt Securities (subordinated indebtedness) Common Shares Underwriter(s) or Distributor(s): - Promoter(s): - Project #2293333 _______________________________________________
Issuer Name: Canoe 2015 Flow-Through LP - CDE Units Principal Regulator - Alberta Type and Date: Preliminary Long Form Prospectus dated December 19, 2014 NP 11-202 Receipt dated Offering Price and Description: Maximum– $40,000,000 Minimum Offering - $5,000,000 (200,000 Units) Subscription Price – $25.00 per CDE Unit Minimum Subscription – $5,000 (200 Units) Underwriter(s) or Distributor(s): Scotia Capital Inc. CIBC World Markets Inc. RBC Dominion Securities Inc. BMO Nesbitt Burns Inc. National Bank Financial Inc. TD Securities Inc. Canaccord Genuity Corp. Desjardins Securities Inc. GMP Securities L.P. Raymond James Ltd. Promoter(s): Canoe 2015 General Partner Corp. Canoe Financial LP, Project #2294713 _______________________________________________
IPOs, New Issues and Secondary Financings
December 30, 2014
(2014), 37 OSCB 11660
Issuer Name: Canoe 2015 Flow-Through LP - CEE Units Principal Regulator - Alberta Type and Date: Preliminary Long Form Prospectus dated December 19, 2014 NP 11-202 Receipt dated Offering Price and Description: Maximum: $20,000,000 Minimum Offering - $5,000,000 (200,000 Units) Subscription Price – $25.00 per CDE or CEE Unit Minimum Subscription – $5,000 (200 Units) Underwriter(s) or Distributor(s): Scotia Capital Inc. CIBC World Markets Inc. RBC Dominion Securities Inc. BMO Nesbitt Burns Inc. National Bank Financial Inc. TD Securities Inc. Canaccord Genuity Corp. Desjardins Securities Inc. GMP Securities L.P. Raymond James Ltd. Promoter(s): Canoe 2015 General Partner Corp. Canoe Financial LP, Project #2294714 _______________________________________________ Issuer Name: CounterPath Corporation Principal Regulator - British Columbia Type and Date: Preliminary Base Shelf Prospectus dated December 16, 2014 NP 11-202 Receipt dated December 17, 2014 Offering Price and Description: US$50,000,000 Common Stock Preferred Stock Debt Securities Warrants Units Underwriter(s) or Distributor(s): - Promoter(s): - Project #2293652 _______________________________________________
Issuer Name: HANWEI ENERGY SERVICES CORP. Principal Regulator - British Columbia Type and Date: Preliminary Short Form Prospectus dated December 19, 2014 NP 11-202 Receipt dated December 19, 2014 Offering Price and Description: $ * - Offering of * Rights to Subscribe for up to* Common Shares Price: $ * per Common Share Underwriter(s) or Distributor(s): - Promoter(s): - Project #2294820 _______________________________________________ Issuer Name: LL CAPITAL CORP. Principal Regulator - Ontario Type and Date: Preliminary CPC Prospectus dated December 19, 2014 NP 11-202 Receipt dated December 19, 2014 Offering Price and Description: MINIMUM OFFERING: $200,000 - 2,000,000 Common Shares MAXIMUM OFFERING: $300,000 - 3,000,000 Common Shares PRICE: $0.10 per Common Share Underwriter(s) or Distributor(s): Richardson GMP Limited Promoter(s): Amar Bhalla Project #2294700 _______________________________________________
IPOs, New Issues and Secondary Financings
December 30, 2014
(2014), 37 OSCB 11661
Issuer Name: NCE Diversified Flow-Through (15) Limited Partnership Principal Regulator - Ontario Type and Date: Preliminary Long Form Prospectus dated December 18, 2014 NP 11-202 Receipt dated December 19, 2014 Offering Price and Description: Maximum: $50,000,000 - 2,000,000 Limited Partnership Units Minimum: $5,000,000 - 200,000 Limited Partnership Units Subscription Price: $25.00 per Unit Minimum Subscription: 200 Units Underwriter(s) or Distributor(s): CIBC World Markets Inc. National Bank Financial Inc. RBC Dominion Securities Inc. TD Securities Inc. BMO Nesbitt Burns Inc. Scotia Capital Inc. GMP Securities L.P. Manulife Securities Incorporated Canaccord Genuity Corp. Desjardins Securities Inc. Raymond James Ltd. Burgeonvest Bick Securities Limited Dundee Securities Ltd. Laurentian Bank Securities Inc. Mackie Research Capital Corporation Promoter(s): Petro Assets Inc. Project #2294406 _______________________________________________ Issuer Name: Summit Industrial Income REIT Principal Regulator - Ontario Type and Date: Preliminary Short Form Prospectus dated December 18, 2014 NP 11-202 Receipt dated December 18, 2014 Offering Price and Description: $30,010,500.00 - 5,130,000 Units Price $5.85 per Unit Underwriter(s) or Distributor(s): BMO NESBITT BURNS INC. CIBC WORLD MARKETS INC. RBC DOMINION SECURITIES INC. SCOTIA CAPITAL INC. TD SECURITIES INC. National Bank Financial Inc. Canaccord Genuity Corp. Dundee Securities Ltd. Promoter(s): - Project #2293098 _______________________________________________
Issuer Name: Theralase Technologies Inc. Principal Regulator - Ontario Type and Date: Preliminary Base Shelf Prospectus dated December 15, 2014 NP 11-202 Receipt dated December 16, 2014 Offering Price and Description: $50,000,000 Common Shares Warrants Units Subscription Receipts Underwriter(s) or Distributor(s): - Promoter(s): - Project #2293204 _______________________________________________ Issuer Name: Toronto Hydro Corporation Principal Regulator - Ontario Type and Date: Preliminary Base Shelf Prospectus dated December 19, 2014 NP 11-202 Receipt dated December 19, 2014 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 _______________________________________________ Issuer Name: Adex Mining Inc. Principal Regulator - Ontario Type and Date: Final Long Form Prospectus dated December 15, 2014 NP 11-202 Receipt dated December 17, 2014 Offering Price and Description: $5,000,000.00 Issue of Rights to Subscribe for up to 500,000,000 Common Shares at a price of $0.01 per Common Share Underwriter(s) or Distributor(s): - Promoter(s): Great Harvest Canadian Investment Company Limited Project #2261269 _______________________________________________
IPOs, New Issues and Secondary Financings
December 30, 2014
(2014), 37 OSCB 11662
Issuer Name: AGF Global Convertible Bond Fund Principal Regulator - Ontario Type and Date: Final Simplified Prospectus dated December 18, 2014 NP 11-202 Receipt dated December 19, 2014 Offering Price and Description: Mutual Fund Series, Series F, Series O, Series Q, Series V and Series W units @ net asset Underwriter(s) or Distributor(s): - Promoter(s): AGF Investments Inc. Project #2276226 _______________________________________________ Issuer Name: Bank of Nova Scotia, The Principal Regulator - Ontario Type and Date: Final Base Shelf Prospectus dated December 19, 2014 NP 11-202 Receipt dated December 19, 2014 Offering Price and Description: $2,000,000,000 Senior Notes (Principal at Risk Notes) Underwriter(s) or Distributor(s): SCOTIA CAPITAL INC. LAURENTIAN BANK SECURITIES INC. MANULIFE SECURITIES INCORPORATED DESJARDINS SECURITIES INC. Promoter(s): - Project #2291607 _______________________________________________ Issuer Name: Blackbird Energy Inc. Principal Regulator - Alberta Type and Date: Final Short Form Prospectus dated December 18, 2014 NP 11-202 Receipt dated December 18, 2014 Offering Price and Description: $32,000,120.00 110,345,241 Common Shares Issuable on Exercise of 110,345,241 Outstandiing Special Warrants Underwriter(s) or Distributor(s): National Bank Financial Inc. Raymond James Ltd. Haywood Securities Inc. TD Securities Inc. Cormark Securities Inc. Jennings Capital Inc. Promoter(s): - Project #2290863 _______________________________________________
Issuer Name: BMO Money Market Fund (Series A, F, I, M, Advisor Series and Premium Series) BMO Bond Fund (Series A, F, D, I, NBA, NBF, Advisor Series and Premium Series) BMO Canadian Diversified Monthly Income Fund (Series T5, T8, F, I and Advisor Series) BMO Emerging Markets Bond Fund (Series A, F, D, I, Advisor Series and Premium Series) BMO Floating Rate Income Fund (Series A, F, D, I, Advisor Series and Premium Series) BMO Global Strategic Bond Fund (Series A, F, D, I, Advisor Series and Premium Series) BMO Monthly Dividend Fund Ltd. (Series F, Advisor Series, Classic Series and Premium Series) BMO Monthly High Income Fund II (Series A, T5, T8, F, D, I, Advisor Series and Premium Series) BMO Monthly Income Fund (Series A, T6, F, D, I and Premium Series) BMO Preferred Share Fund (Series A, F, D, I, BMO Private Preferred Share Fund Series O, Advisor Series and Premium Series) BMO Balanced Yield Plus ETF Portfolio (formerly, BMO Target Enhanced Yield ETF Portfolio) (Series A, T6, F, D, I, Advisor Series and Premium Series) BMO Fixed Income Yield Plus ETF Portfolio (formerly, BMO Target Yield ETF Portfolio) (Series A, T6, F, D, I, Advisor Series and Premium Series) BMO U.S. High Yield Bond Fund (Series A, F, D, I, BMO Private U.S. High Yield Bond Fund Series O, Advisor Series and Premium Series) BMO Asian Growth and Income Fund (Series A, F, D, I, Advisor Series and Premium Series) BMO Asset Allocation Fund (Series A, T5, F, D, I, NBA, NBF, Advisor Series and Premium Series) BMO Canadian Equity Fund (Series A, F, D, I and Premium Series) BMO Canadian Stock Selection Fund (Series A, F, D, I, NBA, NBF, Advisor Series and Premium Series) BMO Dividend Fund (Series A, T5, F, D, I, Advisor Series and Premium Series) BMO Enhanced Equity Income Fund (Series A, F, D, I, Advisor Series and Premium Series) BMO European Fund (Series A, F, D, I, Advisor Series and Premium Series) BMO Global Infrastructure Fund (Series A, F, D, I, Advisor Series and Premium Series) BMO International Value Fund (Series A, F, D, I, NBA, NBF, Advisor Series and Premium Series) BMO Tactical Dividend ETF Fund (Series A, F, D, I, Advisor Series and Premium Series) BMO U.S. Equity Fund (Series A, F, D, I, NBA, NBF, Advisor Series and Premium Series) BMO Canadian Small Cap Equity Fund (Series A, F, D, I, Advisor Series and Premium Series) BMO Emerging Markets Fund (Series A, F, D, I, Advisor Series and Premium Series) BMO Global Dividend Fund (Series A, F, D, I, Advisor Series and Premium Series)
IPOs, New Issues and Secondary Financings
December 30, 2014
(2014), 37 OSCB 11663
BMO Fixed Income ETF Portfolio (Series A, T6, F, D, I, Advisor Series and Premium Series) BMO Income ETF Portfolio (Series A, T6, F, D, I, Advisor Series and Premium Series) BMO Conservative ETF Portfolio (Series A, T6, F, D, I, Advisor Series and Premium Series) BMO Balanced ETF Portfolio (Series A, T6, F, D, I, Advisor Series and Premium Series) BMO Growth ETF Portfolio (Series A, T6, F, D, I, Advisor Series and Premium Series) BMO Equity Growth ETF Portfolio (Series A, T6, F, D, I, Advisor Series and Premium Series) BMO Asian Growth and Income Class (Series H, F, Advisor Series and Premium Series) BMO Canadian Equity Class (Series A, F, H, I, Advisor Series and Premium Series) BMO Canadian Tactical ETF Class (Series A, T6, F, I and Advisor Series) BMO Dividend Class (Series A, H, I, Advisor Series and Premium Series) BMO Global Dividend Class (Series A, T5, F, H, I, Advisor Series and Premium Series) BMO Global Energy Class (Series A, F, I, Advisor Series and Premium Series) BMO Global Equity Class (Series A, F, I, Advisor Series and Premium Series) BMO Global Tactical ETF Class (Series A, T6, F, I and Advisor Series) BMO Greater China Class (Series A, F, I, Advisor Series and Premium Series) BMO International Value Class (Series A, F, I, Advisor Series and Premium Series) BMO Short-Term Income Class (Series A, H, I, Advisor Series and Premium Series) BMO U.S. Equity Class (Series F, I, Advisor Series and Premium Series) Principal Regulator - Ontario Type and Date: Amendment #3 dated December 10, 2014 to the Simplified Prospectuses and Annual Information Form dated April 3, 2014 NP 11-202 Receipt dated December 19, 2014 Offering Price and Description: Series A, F, D, I, T5, T6, T8, NBA, NBF, BMO Private U.S. High Yield Bond Fund Series O, Advisor Series, Classic Series and Premium Series @ net asset value Underwriter(s) or Distributor(s): BMO Investments Inc. Guardian Group of Funds Ltd. Promoter(s): BMO Investments Inc. Project #2166827 _______________________________________________
Issuer Name: B.E.S.T. Total Return Fund Inc. Principal Regulator - Ontario Type and Date: Final Long Form Prospectus dated December 17, 2014 NP 11-202 Receipt dated December 18, 2014 Offering Price and Description: Class A shares @ net asset value Underwriter(s) or Distributor(s): - Promoter(s): - Project #2280231 _______________________________________________ Issuer Name: Capital Power Corporation Principal Regulator - Alberta Type and Date: Final Base Shelf Prospectus dated December 16, 2014 NP 11-202 Receipt dated December 16, 2014 Offering Price and Description: $3,000,000,000 Common Shares Preference Shares Subscription Receipts Debt Securities Underwriter(s) or Distributor(s): - Promoter(s): - Project #2291810 _______________________________________________ Issuer Name: Capital Power L.P. Principal Regulator - Alberta Type and Date: Final Base Shelf Prospectus dated December 16, 2014 NP 11-202 Receipt dated December 16, 2014 Offering Price and Description: $1,000,000,000.00 Medium Term Notes (unsecured) Underwriter(s) or Distributor(s): BMO NESBITT BURNS INC. CIBC WORLD MARKETS INC. DESJARDINS SECURITIES INC. HSBC SECURITIES (CANADA) INC. MERRILL LYNCH CANADA INC. NATIONAL BANK FINANCIAL INC. RBC DOMINION SECURITIES INC. SCOTIA CAPITAL INC. TD SECURITIES INC. Promoter(s): - Project #2291813 _______________________________________________
IPOs, New Issues and Secondary Financings
December 30, 2014
(2014), 37 OSCB 11664
Issuer Name: CI G5|20 2040 Q1 Fund Principal Regulator - Ontario Type and Date: Final Simplified Prospectus dated December 19, 2014 NP 11-202 Receipt dated December 19, 2014 Offering Price and Description: Class A, F and O units Underwriter(s) or Distributor(s): - Promoter(s): CI Investments Inc. Project #2282286 _______________________________________________ Issuer Name: CI G5|20i 2035 Q1 Fund Principal Regulator - Ontario Type and Date: Final Simplified Prospectus dated December 19, 2014 NP 11-202 Receipt dated December 19, 2014 Offering Price and Description: Class A, F and O units Underwriter(s) or Distributor(s): - Promoter(s): CI Investments Inc. Project #2282284 _______________________________________________ Issuer Name: DH Corporation Principal Regulator - Ontario Type and Date: Final Base Shelf Prospectus dated December 19, 2014 NP 11-202 Receipt dated December 19, 2014 Offering Price and Description: $1,500,000,000 Common Shares Preferred Shares Debt Securities Warrants Subscription Receipts Share Purchase Contracts Units Underwriter(s) or Distributor(s): - Promoter(s): - Project #2292429 _______________________________________________
Issuer Name: Dynamic U.S. Value Balanced Fund (Series A, E, F, FH, FI, H, I and O units) Principal Regulator - Ontario Type and Date: Amendment #1 dated December 11, 2014 to the Simplified Prospectus and Annual Information Form dated November 18, 2014 NP 11-202 Receipt dated December 19, 2014 Offering Price and Description: Series A, E, F, FH, FI, H, I and O units @ net asset value Underwriter(s) or Distributor(s): 1832 Asset Management L.P. GCIC Ltd. 1832 Asset Management L.P. Promoter(s): 1832 Asset Management L.P. Project #2267257 _______________________________________________ Issuer Name: Class A, C, I, and O units (unless otherwise noted) of Frontiers Canadian Short Term Income Pool (offers only Class A units) Frontiers Canadian Fixed Income Pool Frontiers Equity Income Pool Frontiers Canadian Equity Pool Frontiers U.S. Equity Pool Frontiers U.S. Equity Currency Neutral Pool (offers only Class O units) Frontiers International Equity Pool Frontiers Emerging Markets Equity Pool Frontiers Global Bond Pool Principal Regulator - Ontario Type and Date: Final Simplified Prospectuses dated December 15, 2014 NP 11-202 Receipt dated December 16, 2014 Offering Price and Description: Class A, C, I, and O units @ Net Asset Value Underwriter(s) or Distributor(s): - Promoter(s): CIBC Asset Management Inc. Project #2268216 _______________________________________________
IPOs, New Issues and Secondary Financings
December 30, 2014
(2014), 37 OSCB 11665
Issuer Name: GuestLogix Inc. Principal Regulator - Ontario Type and Date: Final Short Form Prospectus dated December 16, 2014 NP 11-202 Receipt dated December 17, 2014 Offering Price and Description: 19,000,000 20,000,000 Subscription Receipts, each representing the right to receive one Common Share and $20,000,000 7.00% Extendible Convertible Unsecured Subordinated Debentures Underwriter(s) or Distributor(s): NATIONAL BANK FINANCIAL INC. CIBC WORLD MARKETS INC. BEACON SECURITIES LIMITED CANACCORD GENUITY CORP. CORMARK SECURITIES INC. GMP SECURITIES L.P. MACKIE RESEARCH CAPITAL CORPORATION Promoter(s): - Project #2289965 _______________________________________________ Issuer Name: IBI Group Inc. Principal Regulator - Ontario Type and Date: Final Short Form Prospectus dated December 17, 2014 NP 11-202 Receipt dated December 18, 2014 Offering Price and Description: Issue of $3,551,440 principal amount 7.0% Unsecured Subordinated Notes in Connection with the Amendment of Convertible Debentures Underwriter(s) or Distributor(s): - Promoter(s): - Project #2290164 _______________________________________________
Issuer Name: Knight Therapeutics Inc. Principal Regulator - Quebec Type and Date: Final Short Form Prospectus dated December 16, 2014 NP 11-202 Receipt dated December 16, 2014 Offering Price and Description: $86,958,900 12,882,800 Common Shares Price: $6.75 per Offered Share Underwriter(s) or Distributor(s): GMP SECURITIES L.P. CORMARK SECURITIES INC. NATIONAL BANK FINANCIAL INC. LAURENTIAN BANK SECURITIES INC. BLOOM BURTON & CO. LIMITED CLARUS SECURITIES INC. MACKIE RESEARCH CAPITAL CORPORATION TD SECURITIES INC. Promoter(s): Jonathan Ross Goodman Project #2290451 _______________________________________________ Issuer Name: NYX Gaming Group Limited Principal Regulator - Ontario Type and Date: Final Long Form Prospectus dated December 18, 2014 NP 11-202 Receipt dated December 19, 2014 Offering Price and Description: Approximately $45,000,000 12,858,000 Shares Price: $3.50 per Share Underwriter(s) or Distributor(s): CANACCORD GENUITY CORP. CORMARK SECURITIES INC. NATIONAL BANK FINANCIAL INC. DUNDEE SECURITIES LTD. GLOBAL MAXFIN CAPITAL INC. MACKIE RESEARCH CAPITAL CORPORATION Promoter(s): - Project #2282101 _______________________________________________ Issuer Name: Astra Resources PLC Type and Date: Preliminary Long Form Non-Offering Prospectus dated June 19, 2014 Withdrawn on December 16, 2014 Offering Price and Description: - Underwriter(s) or Distributor(s): - Promoter(s): Astra Industries Pty Ltd. Project #2225124 _______________________________________________
IPOs, New Issues and Secondary Financings
December 30, 2014
(2014), 37 OSCB 11666
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December 30, 2014
(2014), 37 OSCB 11667
Chapter 12
Registrations 12.1.1 Registrants
Type Company Category of Registration Effective Date
Voluntary Surrender Premis Capital Partners, Inc. (formerly Hansberger Global Investors, Inc.)
Portfolio Manager December 17, 2014
Consent to Suspension (Pending Surrender)
KCS Fund Strategies Inc. Investment Fund Manager, Portfolio Manager, and Exempt Market Dealer
December 18, 2014
Voluntary Surrender Sky Investment Counsel Inc. Investment Fund Manager, Portfolio Manager, and Exempt Market Dealer
December 18, 2014
Firm Name Change Transamerica Securities Inc. To: WFG Securities Inc.
Mutual Fund Dealer and Scholarship Plan Dealer
December 12, 2014
Firm Name Change
MD Physician Services Inc. To: MD Financial Management Inc.
Investment Fund Manager, Exempt Market Dealer and Portfolio Manager
December 15, 2014
Change in Registration Category
Fiduciary Trust Company of Canada
From: Portfolio Manager To: Portfolio Manager and Commodity Trading Manager
December 19, 2014
Voluntary Surrender DGM Holdings (Canada) Inc. Exempt Market Dealer December 18, 2014
Consent to Suspension (Pending Surrender)
Davis Distributors, LLC Exempt Market Dealer December 18, 2014
Consent to Suspension (Pending Surrender)
IS Capital Markets Inc. Exempt Market Dealer December 18, 2014
Consent to Suspension (Pending Surrender)
Liquidity Source Inc. Exempt Market Dealer December 19, 2014
Firm Name Change
Hesperian Capital Management Ltd. To: Norrep Capital Management Ltd.
Investment Fund Manager, Exempt Market Dealer and Portfolio Manager
December 1, 2014
Registrations
December 30, 2014
(2014), 37 OSCB 11668
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December 30, 2014
(2014), 37 OSCB 11669
Chapter 13
SROs, Marketplaces, Clearing Agencies and Trade Repositories
13.3 Clearing Agencies 13.3.1 Notice of Commission Approval – Material Amendments to CDS Procedures – Methodology Enhancement to
TRAX Entitlements Tracking System and Fee Increase
CDS CLEARING AND DEPOSITORY SERVICES INC.
MATERIAL AMENDMENTS TO CDS PROCEDURES
METHODOLOGY ENHANCEMENT TO TRAX ENTITLEMENTS TRACKING SYSTEM AND FEE INCREASE
NOTICE OF COMMISSION APPROVAL In accordance with the Rule Protocol between the Ontario Securities Commission (Commission) and CDS Clearing and Depository Services Inc. (CDS), the Commission approved on December 16, 2014, the daily subscription fee increase for the TRAX Entitlements Tracking System. A copy of the CDS notice was published for comment on October 30, 2014 on the Commission’s website at: http://www.osc.gov.on.ca. No comments were received.
SROs, Marketplaces, Clearing Agencies and Trade Repositories
December 30, 2014
(2014), 37 OSCB 11670
13.3.2 Notice of Commission Approval – Material Amendments to CDS Procedures – Increase to the daily subscription fee for Entitlements Messaging – MT564 Service
CDS CLEARING AND DEPOSITORY SERVICES INC.
MATERIAL AMENDMENTS TO CDS PROCEDURES
INCREASE TO THE DAILY SUBSCRIPTION FEE FOR ENTITLEMENTS MESSAGING – MT564 SERVICE
NOTICE OF COMMISSION APPROVAL
In accordance with the Rule Protocol between the Ontario Securities Commission (Commission) and CDS Clearing and Depository Services Inc. (CDS), the Commission approved on December 16, 2014, the daily subscription fee increase for the Entitlements Messaging – MT564 Service. A copy of the CDS notice was published for comment on October 30, 2014 on the Commission’s website at: http://www.osc.gov.on.ca. No comments were received.
December 30, 2014
(2014), 37 OSCB 11671
Chapter 25
Other Information 25.1 Approvals 25.1.1 RCM Partners Inc. – s. 213(3)(b) of the LTCA Headnote Clause 213(3)(b) of the Loan and Trust Corporations Act – application by manager for approval to act as trustee of pooled funds and future pooled funds to be established and managed by the applicant and offered pursuant to a prospectus exemption(s). Statutes Cited Loan and Trust Corporations Act, R.S.O. 1990, c. L.25, as am., s. 213(3)(b). November 28, 2014 Stikeman Elliott LLP 5300 Commerce Court West 199 Bay Street Toronto, ON M5L 1B9 Attention: Nick Badeen Dear Sirs/Mesdames: Re: RCM Partners Inc. (the “Applicant”)
Application pursuant to Section 213(3)(b) of the Loan and Trust Corporations Act (Ontario) for approval to act as trustee Application No. 2014/0583
Further to your application dated July 16, 2014 (the “Application”) filed on behalf of the Applicant, and based on the facts set out in the Application and the representation by the Applicant that the assets of RCM Value Opportunities Trust and any other future mutual fund trusts that the Applicant may establish and manage from time to time, the securities of which will be offered pursuant to prospectus exemptions, will be held in the custody of a trust company incorporated and licensed or registered under the laws of Canada or a jurisdiction, or a bank listed in Schedule I, II or III of the Bank Act (Canada), or a qualified affiliate of such bank or trust company, the Ontario Securities Commission (the “Commission”) makes the following order: Pursuant to the authority conferred on the Commission in paragraph 213(3)(b) of the Loan and Trust Corporations Act (Ontario), the Commission approves the proposal that the Applicant act as trustee of RCM Value Opportunities Trust and any other future mutual fund trusts which may be established and managed by the Applicant from time to
time, the securities of which will be offered pursuant to prospectus exemptions. Yours truly, “James E. A. Turner” Vice-Chair, Ontario Securities Commission “Judith N. Robertson” Commissioner, Ontario Securities Commission
Other Information
December 30, 2014
(2014), 37 OSCB 11672
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December 30, 2014 (2014), 37 OSCB 11673
Index
Alignvest Capital Management Inc. Decision .................................................................. 11465 American Consolidated Minerals Corp. Decision – s. 1(10)(a)(ii) .......................................... 11463 Ashraf, Talat Notice of Hearing and Statement of Allegations – ss. 127, 127.1 .................................... 11434 Notice from the Office of the Secretary ................... 11442 Beatty, Douglas Notice of Withdrawal ............................................... 11432 Notice from the Office of the Secretary ................... 11442 Bell Aliant Inc. Decision – s. 1(10)(a)(ii) .......................................... 11464 Bell Aliant Preferred Equity Inc. Decision – s. 1(10)(a)(ii) .......................................... 11464 Bell Aliant Regional Communications Inc. Decision – s. 1(10)(a)(ii) .......................................... 11464 Bell Aliant Regional Communications, Limited Partnership Decision – s. 1(10)(a)(ii) .......................................... 11464 Besra Gold Inc. Cease Trading Order .............................................. 11525 Canadian Pacific Railway Limited Order – s. 104(2)(c) ................................................ 11499 Cayden Resources Inc. Decision – s. 1(10)(a)(ii) .......................................... 11473 CDS Procedures – Increase to the daily subscription fee for Entitlements Messaging – MT564 Service Clearing Agencies ................................................... 11670 CDS Procedures – Methodology Enhancement to TRAX Entitlements Tracking System and Fee Increase Clearing Agencies ................................................... 11669 Christodoulidis, Alexandros Notice from the Office of the Secretary ................... 11443 Order – ss. 127, 127.1 ............................................ 11506 Reasons and Decision on Sanctions and Costs – ss. 127, 127.1 ............................................ 11511 Cleworth, Duncan Notice from the Office of the Secretary ................... 11441 Order – ss. 127(1), 127(10) ..................................... 11476
Companion Policy 21-101CP Notice ..................................................................... 11427 Rules and Policies .................................................. 11527 Crown Life Canada Ltd. Order – s. 74(1) ...................................................... 11484 Davis Distributors, LLC Consent to Suspension (Pending Surrender) ......... 11667 DGM Holdings (Canada) Inc. Voluntary Surrender ............................................... 11667 Doulis, Alexander Christ Notice from the Office of the Secretary ................... 11443 Order – ss. 127, 127.1 ............................................ 11506 Reasons and Decision on Sanctions and Costs – ss. 127, 127.1 ............................................ 11511 Doulis, Alexander Christos Notice from the Office of the Secretary ................... 11443 Order – ss. 127, 127.1 ............................................ 11506 Reasons and Decision on Sanctions and Costs – ss. 127, 127.1 ............................................ 11511 Dunn, Frank Notice of Withdrawal ............................................... 11432 Notice from the Office of the Secretary ................... 11442 Fiduciary Trust Company of Canada Change in Registration Category ............................ 11667 Geovic Mining Corp. Cease Trading Order .............................................. 11525 Gildan Activewear Inc. Order – s. 104(2)(c) ................................................ 11487 Global Autotrading Inc. Variation Order – s. 144(1) ..................................... 11475 Gollogly, Michael Notice of Withdrawal ............................................... 11432 Notice from the Office of the Secretary ................... 11442 Hansberger Global Investors, Inc. Voluntary Surrender ............................................... 11667 Hesperian Capital Management Ltd. Firm Name Change ................................................ 11667 Hub Capital Inc. Decision .................................................................. 11451
Index
December 30, 2014 (2014), 37 OSCB 11674
Huntingdon Capital Corp. Decision – s. 1(10)(a)(ii) .......................................... 11462 IFRS Release No. 3 Notice ...................................................................... 11429 Interglobe Financial Services Corp. Decision .................................................................. 11451 IS Capital Markets Inc. Consent to Suspension (Pending Surrender).......... 11667 ISS A/S Order ....................................................................... 11503 KCS Fund Strategies Inc. Consent to Suspension (Pending Surrender).......... 11667 Khan, Muhammad M. Notice of Hearing and Statement of Allegations – ss. 127, 127.1 .................................... 11434 Notice from the Office of the Secretary ................... 11442 Liberty Consulting Ltd. Notice from the Office of the Secretary ................... 11443 Order – ss. 127, 127.1 ............................................ 11506 Reasons and Decision on Sanctions and Costs – ss. 127, 127.1 ............................................ 11511 Liquidity Source Inc. Consent to Suspension (Pending Surrender).......... 11667 Louis XIII Holdings Limited Order ....................................................................... 11508 Magna International Inc. Order – s. 104(2)(c) ................................................ 11481 Order – s. 104(2)(c) ................................................ 11490 Order – s. 104(2)(c) ................................................ 11494 Marauder Resources East Coast Inc. Cease Trading Order .............................................. 11525 Maudore Minerals Ltd. Cease Trading Order .............................................. 11525 Maxsood, Daniel Notice of Hearing and Statement of Allegations – ss. 127, 127.1 .................................... 11434 Notice from the Office of the Secretary ................... 11442 MD Financial Management Inc. Firm Name Change ................................................. 11667 MD Physician Services Inc. Firm Name Change ................................................. 11667 Nagy, Miklos Notice from the Office of the Secretary ................... 11441 Order – Rules 1.7.4 and 11 of the OSC Rules of Procedure ................................................. 11474
NexGen Financial Limited Partnership Decision .................................................................. 11445 NI 21-101 Marketplace Operation Notice ..................................................................... 11427 Rules and Policies .................................................. 11527 Norrep Capital Management Ltd. Firm Name Change ................................................ 11667 Ontario Securities Commission, Investment Funds and Structured Products Branch – IFRS Release No. 3 Notice ..................................................................... 11429 Ontario Teachers’ Pension Plan Board Order ...................................................................... 11503 Order ...................................................................... 11508 Orbis Gold Limited Order – s. 104(2)(c) ................................................ 11478 OSC Staff Notice 11-742 (Revised) – Securities Advisory Committee Notice ..................................................................... 11428 Pethealth Inc. Decision .................................................................. 11453 Powerwater Systems, Inc. Notice from the Office of the Secretary ................... 11441 Order – ss. 127(1), 127(10) .................................... 11476 Powerwater USA Ltd. Notice from the Office of the Secretary ................... 11441 Order – ss. 127(1), 127(10) .................................... 11476 Premis Capital Partners, Inc. Voluntary Surrender ............................................... 11667 Quadrexx Hedge Capital Management Ltd. Notice from the Office of the Secretary ................... 11441 Order – Rules 1.7.4 and 11 of the OSC Rules of Procedure ................................................................... 11474 Quadrexx Secured Assets Inc. Notice from the Office of the Secretary ................... 11441 Order – Rules 1.7.4 and 11 of the OSC Rules of Procedure ................................................................... 11474 RCM Partners Inc. Decision .................................................................. 11455 Approval – s. 213(3)(b) of the LTCA ....................... 11671 RCM Special Situations Fund Decision .................................................................. 11455 RCM Value Opportunities Trust Decision .................................................................. 11455 Sanfelice, Tony Notice from the Office of the Secretary ................... 11441 Order – Rules 1.7.4 and 11 of the OSC Rules of Procedure ................................................. 11474
Index
December 30, 2014 (2014), 37 OSCB 11675
Seafield Resources Ltd. Cease Trading Order .............................................. 11525 SEMAFO Inc. Order – s. 104(2)(c) ................................................ 11478 Sky Investment Counsel Inc. Voluntary Surrender ................................................ 11667 Solara Exploration Ltd. Cease Trading Order .............................................. 11525 Strip Bond Information Statement Notice of Revocation ............................................... 11433 Revocation .............................................................. 11498 Talbot, Jimmy Variation Order – s. 144(1)...................................... 11475 Transamerica Securities Inc. Firm Name Change ................................................. 11667 Triumph Ventures II Corporation Cease Trading Order .............................................. 11525 Welcome Place Inc. Notice of Hearing and Statement of Allegations – ss. 127, 127.1 .................................... 11434 Notice from the Office of the Secretary ................... 11442 WFG Securities Inc. Firm Name Change ................................................. 11667 Zhang, Tao Notice of Hearing and Statement of Allegations – ss. 127, 127.1 .................................... 11434 Notice from the Office of the Secretary ................... 11442
Index
December 30, 2014 (2014), 37 OSCB 11676
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