The Ontario Securities Commission
OSC Bulletin
January 23, 2020
Volume 43, Issue 4
(2020), 43 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 Thomson Reuters 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
42711420 The OSC Bulletin is published weekly by Thomson Reuters Canada, under the authority of the Ontario Securities Commission.
Thomson Reuters Canada offers every issue of the Bulletin, from 1994 onwards, fully searchable on SecuritiesSource™, Canada’s pre-eminent web-based securities resource. SecuritiesSource™ also features comprehensive securities legislation, expert analysis, precedents and a weekly Newsletter. For more information on SecuritiesSource™, as well as ordering information, please go to:
http://www.westlawecarswell.com/SecuritiesSource/News/default.htm or call Thomson Reuters Canada Customer Support at 1-416-609-3800 (Toronto & International) or 1-800-387-5164 (Toll Free Canada & U.S.).
Claims from bona fide subscribers for missing issues will be honoured by Thomson Reuters Canada up to one month from publication date.
Space is available in the Ontario Securities Commission Bulletin for advertisements. The publisher will accept advertising aimed at the securities industry or financial community in Canada. Advertisements are limited to tombstone announcements and professional business card announcements by members of, and suppliers to, the financial services industry.
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior written permission of the publisher.
The publisher is not engaged in rendering legal, accounting or other professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought.
Printed in the United States by Thomson Reuters.
© Copyright 2020 Ontario Securities Commission ISSN 0226-9325 Except Chapter 7 ©CDS INC.
One Corporate Plaza Customer Support 2075 Kennedy Road 1-416-609-3800 (Toronto & International) Toronto, Ontario 1-800-387-5164 (Toll Free Canada & U.S.) M1T 3V4 Fax 1-416-298-5082 (Toronto) Fax 1-877-750-9041 (Toll Free Canada Only) Email [email protected]
Table of Contents
Chapter 1 Notices ...... 847 Chapter 6 Request for Comments ...... (nil) 1.1 Notices ...... 847 1.1.1 CSA Notice 23-325 Trading Fee Rebate Chapter 7 Insider Reporting ...... 917 Pilot Study ...... 847 1.2 Notices of Hearing ...... 874 Chapter 9 Legislation ...... (nil) 1.2.1 BDO Canada LLP – ss. 127, 127.1 ...... 874 1.3 Notices of Hearing with Related Chapter 11 IPOs, New Issues and Secondary Statements of Allegations ...... (nil) Financings ...... 1007 1.4 Notices from the Office of the Secretary ...... 874 Chapter 12 Registrations ...... 1015 1.4.1 MOAG Copper Gold Resources Inc. et al.... 874 12.1.1 Registrants ...... 1015 1.4.2 Miner Edge Inc. et al...... 875 1.4.3 BDO Canada LLP ...... 875 Chapter 13 SROs, Marketplaces, 1.5 Notices from the Office Clearing Agencies and of the Secretary with Related Trade Repositories ...... 1017 Statements of Allegations ...... (nil) 13.1 SROs ...... (nil) 13.2 Marketplaces ...... 1017 Chapter 2 Decisions, Orders and Rulings ...... 877 13.2.1 CSE – Amendments to Trading System 2.1 Decisions ...... 877 Functionality & Features – Notice of 2.1.1 BMO Investments Inc...... 877 Approval ...... 1017 2.1.2 Frontenac Mortgage Investment 13.2.2 Canadian Securities Exchange – Corporation ...... 883 Proposed Amendments to Trading System 2.1.3 Capital International Asset Management – Notice of Withdrawal ...... 1018 (Canada), Inc...... 884 13.3 Clearing Agencies ...... (nil) 2.1.4 Franklin Templeton Investments Corp...... 886 13.4 Trade Repositories ...... (nil) 2.1.5 Vertex One Asset Management Inc. et al. ... 890 2.2 Orders...... 897 Chapter 25 Other Information ...... 1019 2.2.1 Neurocords Corporation ...... 897 25.1 Consents ...... 1019 2.2.2 Avesoro Resources Inc...... 898 25.1.1 Mexican Gold Corp. – s. 4(b) of the 2.2.3 Blackrock Asset Management Canada Regulation ...... 1019 Limited and Blackrock Financial Management, Inc. – s. 80 of the CFA ...... 899 Index ...... 1021 2.2.4 Pengrowth Energy Corporation ...... 903 2.2.5 Iplayco Corporation Ltd...... 904 2.2.6 Miner Edge Inc. et al. – ss. 127, 127.1 ...... 905 2.2.7 Aethon Minerals Corporation ...... 905 2.3 Orders with Related Settlement Agreements ...... (nil) 2.4 Rulings ...... (nil)
Chapter 3 Reasons: Decisions, Orders and Rulings ...... 907 3.1 OSC Decisions ...... 907 3.1.1 MOAG Copper Gold Resources Inc. et al. – s. 127(1) ...... 907 3.2 Director’s Decisions ...... (nil)
Chapter 4 Cease Trading Orders ...... 915 4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders ...... 915 4.2.1 Temporary, Permanent & Rescinding Management Cease Trading Orders ...... 915 4.2.2 Outstanding Management & Insider Cease Trading Orders ...... 915
Chapter 5 Rules and Policies...... (nil)
January 23, 2020 (2020), 43 OSCB
Chapter 1 Notices
1.1 Notices
1.1.1 CSA Notice 23-325 Trading Fee Rebate Pilot Study
CSA Notice 23-325 Trading Fee Rebate Pilot Study
January 23, 2020
I. INTRODUCTION
The Canadian Securities Administrators (the CSA or we) have either approved or not objected to1 the Trading Fee Rebate Pilot Study that applies temporary pricing restrictions on marketplace transaction fees applicable to trading in certain interlisted and non-interlisted securities (the Pilot Study). The implementation of the Pilot Study will be conditional on the implementation of a similar study in the United States (the SEC Fee Pilot).2 In the event the SEC Fee Pilot does not proceed, the CSA will not move forward with the implementation of the Pilot Study.
We are publishing the design of the Pilot Study (the Final Design Report) at Appendix A and the form of an order for the implementation of the Pilot Study at Appendix B to this Notice. The Final Design Report will also be available on the websites of other CSA jurisdictions, including:
www.lautorite.qc.ca www.albertasecurities.com www.bcsc.bc.ca www.fcnb.ca nssc.novascotia.ca www.osc.gov.on.ca www.fcaa.gov.sk.ca www.mbsecurities.ca
The Pilot Study will begin on a date concurrent with the implementation of the SEC Fee Pilot. Once we have confirmation that the SEC Fee Pilot is proceeding, we will publish a notice of implementation that will provide additional details including the start date of the Pilot Study. See Part IV of this Notice for additional information regarding timing and duration.
II. PURPOSE OF THE PILOT STUDY
The CSA is concerned that the payment of rebates by marketplaces may be affecting the behaviour of marketplace participants by:
1. creating conflicts of interest for dealer routing decisions that may be difficult to manage;
2. contributing to increased segmentation of order flow; and
1 The Autorité des marchés financiers and the Ontario Securities Commission have approved the Trading Fee Rebate Pilot Study. In addition, the Alberta Securities Commission, the British Columbia Securities Commission, the Financial and Consumer Affairs Authority of Saskatchewan, the Financial and Consumer Services Commission of New Brunswick, the Manitoba Securities Commission, the Nova Scotia Securities Commission, the Office of the Superintendent of Securities, Service Newfoundland and Labrador, the Prince Edward Island Office of the Superintendent of Securities, the Department of Justice of the Government of Nunavut, the Office of the Superintendent of Securities of the Northwest Territories and the Office of the Yukon Superintendent of Securities have not objected to the Trading Fee Rebate Pilot Study. 2 Published at: https://www.sec.gov/rules/final/2018/34-84875.pdf. Please also see the “Notice Establishing the Commencement and Termination Dates of the Pre-Pilot Period of the Transaction Fee Pilot for National Market System Stocks,” published at: https://www.sec.gov/rules/other/2019/34-85906.pdf.
January 23, 2020 (2020), 43 OSCB 847
Notices
3. contributing to increased intermediation in actively traded securities.
The purpose of the Pilot Study is to determine the effects of the prohibition of rebate payments by Canadian marketplaces.
III. THE DEVELOPMENT OF THE PILOT STUDY
The CSA has been considering a pilot study on the payment of trading fee rebates for a number of years as part of our continued work to foster fair and efficient capital markets and confidence in capital markets. On May 15, 2014, we published a Notice and Request for Comment (the 2014 Notice) that proposed amendments to National Instrument 23-101 Trading Rules (NI 23-101) in relation to the order protection rule (OPR).3 On April 7, 2016, as a result of our review of OPR, we published a Notice of Approval of Amendments to NI 23-101 and Companion Policy 23-101CP (the 2016 Notice).4 In the 2016 Notice, we acknowledged that we had been considering a pilot study to analyse the impact of the payment of trading fee rebates. However, despite stakeholder support, feedback from commenters and academics suggested that there are certain risks to running a pilot study independent of the United States due to the interconnected nature of North American markets and Canadian equity securities that are interlisted in the United States. Therefore, we decided not to move forward with a pilot study unless a similar study was undertaken in the United States.5
On March 14, 2018, the United States Securities and Exchange Commission (SEC) proposed new Rule 610T of Regulation National Market System (NMS) that would conduct a transaction fee pilot for NMS securities,6 resulting in an opportunity for a Canadian pilot study.
On March 16, 2018, we published CSA Staff Notice 23-322 Trading Fee Rebate Pilot Study7 to provide an update on our plans to study the impacts of transaction fees and rebates on order routing behaviour, execution quality, and market quality, and noted that we have been engaged in dialogue with SEC Staff. In July 2018, we retained three Canadian academics (the Academics)8 to design the Pilot Study and measure the results. Then, on September 12, 2018, the Capital Markets Institute at the Rotman School of Management held an event where the Academics provided a presentation of their preliminary thoughts on the structure of the Pilot Study, followed by a panel discussion and open forum.
On December 18, 2018, we published CSA Staff Notice and Request for Comment 23-323 Trading Fee Rebate Pilot Study (the 2018 RFC)9 to obtain feedback on the design, specifications, and implementation of the then proposed pilot. The 2018 RFC was published for a 45-day comment period, which, following stakeholder feedback,10 was extended to March 1, 2019 by way of CSA Staff Notice 11-340 Extension of Comment Period.11 A list of those who submitted comments and a summary of the comments and our responses are attached at Appendix C to this Notice. Copies of the comment letters are available at www.osc.gov.on.ca. Notably, a joint letter submitted by nine Canadian pension plans and global asset managers expressed strong support for the Pilot Study. In contrast, all but one marketplace do not support it. However, the majority of stakeholders, including dealers, are in favour of the Pilot Study.
On December 19, 2018, the SEC published new Rule 610T of Regulation NMS to conduct the SEC Fee Pilot. The SEC Fee Pilot allows for coordination with the Pilot Study and we will continue our discussions with SEC Staff to align the two pilot studies.
IV. SUMMARY OF THE PILOT STUDY
a. Timing and Duration
The Pilot Study will be implemented on a staggered basis consisting of two stages:
1. interlisted securities in tandem with the implementation of the SEC Fee Pilot, if possible; and
2. non-interlisted securities and exchange-traded products (ETPs) three months following the introduction of interlisted securities.
3 Published at: (2014) 37 OSCB 4873. 4 Published at: (2016) 39 OSCB 3237. 5 Please refer to section 7 Pilot Study on Prohibition on Payment of Rebates by Marketplaces in (2016) 39 OSCB 3237. 6 Published at: https://www.sec.gov/rules/proposed/2018/34-82873.pdf. 7 Published at: http://www.osc.gov.on.ca/en/SecuritiesLaw_sn_20180316_23-322_trading-fee-rebate-pilot-study.htm. 8 The CSA selected the following group of researchers with expertise in Canadian equity market structure to design and conduct the pilot study: Katya Malinova, Andriy Shkilko, and Andreas Park. The announcement regarding the retaining of the Academics was published at: http://www.osc.gov.on.ca/en/NewsEvents_nr_20180801_csa-trading-fees-rebates-pilot-study.htm. 9 Published at: http://www.osc.gov.on.ca/en/SecuritiesLaw_csa_20181218_23-323_trading-fee-rebate-pilot-study.htm. 10 Please see Comment Letter from Deanna Dobrowsky, Vice President, Regulatory Office of the General Counsel of TMX Group dated January 9, 2019, available at http://www.osc.gov.on.ca/documents/en/Securities-Category2-Comments/com_20190109_23-323_tmx.PDF. 11 Published at: http://www.osc.gov.on.ca/en/SecuritiesLaw_csa_sn_20190117_11-340_rebate-pilot-study.htm.
January 23, 2020 (2020), 43 OSCB 848
Notices
We intend to provide market participants with as much notice as is possible prior to implementation of the first stage of the Pilot Study. However, it is important that the implementation of the Pilot Study be aligned with the timing of the SEC Fee Pilot. Given the uncertainty regarding the SEC Fee Pilot, we note that implementation timing may need to be expedited. Once we have confirmation that the SEC Fee Pilot is proceeding, we intend to issue orders in the form at Appendix B of this Notice for each of the applicable marketplaces, outlined in further detail below. These orders will be accompanied by a public notice that sets out additional details of implementation, including the start date of the Pilot Study.
With respect to the duration of the Pilot Study, we expect that it will conclude in tandem with the SEC Fee Pilot, at which point the fee structures of all marketplaces are expected to revert to those in place prior to the Pilot Study. Marketplaces will then be permitted to file any fee change that accords with Canadian securities laws subject to further regulatory action that may result from the analysis of the Pilot Study.
Throughout the Pilot Study, the Academics will review the market quality metrics identified in the Final Design Report on an ongoing basis. Where these metrics indicate that the Pilot Study is having a significant and extended detrimental impact on market quality, the CSA will respond promptly and the Alberta Securities Commission, British Columbia Securities Commission, and Ontario Securities Commission (together, the Commissions) will proceed to issue orders under their respective securities legislation revoking or varying the orders implementing the Pilot Study, effectively ending or varying it.12
b. Applicable Marketplaces
The Pilot Study will be applicable to all trading fee rebates paid by Canadian marketplaces, both exchanges and alternative trading systems (ATSs), for the execution of orders with respect to certain equity securities and ETPs, outlined in greater detail below. The Pilot Study will apply to all trading fee models, including “maker-taker” and “inverted maker-taker.”
c. Pilot Study Securities
The Pilot Study will consist of two samples:
1. A set of securities selected from a list of highly liquid securities that is prepared and published by the Investment Industry Regulatory Organization of Canada (IIROC);13 and
2. A set of actively traded, medium liquidity securities that has been constructed by the Academics.
These sample securities include both interlisted and non-interlisted common stocks, as well as ETPs, that are listed on the TSX and TSXV. The list of Pilot Study securities will be appended to the orders implementing the Pilot Study.
Half of the sample securities will be assigned to a treatment group for which a prohibition of trading fee rebates will be applied. Each security in the treatment group will be matched with a control security that has similar characteristics, including firm size, share price, and trading volume. Trading fee rebates will continue to be permitted for those securities in the control group.
The selection of ETPs in the sample will follow the approach described in the Final Design Report. ETPs with the same underlying index will be placed together into either the treatment or control group. ETPs in the treatment group will be matched with other ETPs with the same underlying security type (i.e. fixed income, equity, commodities etc.), but a different underlying index.
d. Pilot Study Design
The Pilot Study prohibits the payment of trading fee rebates, including linked pricing, by marketplaces with respect to trading in treated securities.14 The Academics will conduct an empirical analysis based on market quality metrics and compare the treated securities with the control securities. This statistical analysis will investigate the effects of the prohibition of rebates by comparing changes in market quality for the treatment and control group securities.
In the event that the SEC Fee Pilot does not proceed, the CSA considered conducting the Pilot Study with only non-interlisted securities. However, we ultimately determined that we should not do so largely because we were not confident of the extent to which the results of such a pilot study could be extended across all securities for policy-making purposes. In addition, it is questionable whether such a pilot study would result in sufficient data to analyze the impact and justify the technology-related costs that would be incurred by industry.
12 In Ontario, the Ontario Securities Commission will issue orders under s. 144 of the Securities Act (Ontario), revoking or varying the orders issued under ss. 21(5) and 21.0.1, as applicable. 13 Please see: http://www.iiroc.ca/industry/rulebook/Pages/Highly-Liquid-Stocks.aspx. 14 This will include the prohibition of rebate payments for intentional crosses.
January 23, 2020 (2020), 43 OSCB 849
Notices
Please see Appendix A for the Final Design Report. Please also refer to GitHub for ongoing code and data analysis from the Academics as the Pilot Study moves forward.15
e. Market Making Programs under the Pilot Study
We believe that exchange market makers play an important role in enhancing liquidity and ensuring an orderly market. However, to avoid possible distortion of the Pilot Study and interference with the ability to meaningfully analyze data collected, we are of the view that the payment of trading fee rebates by marketplaces with respect to trading in treated securities for all market participants, including exchange market makers, should be prohibited.
While the payment of rebates for treated securities will be prohibited, we will review fee proposals filed by exchanges for other non-rebate incentives offered as part of an exchange market making program and make decisions according to the customary approval process. Although we believe that the prohibition of linked pricing supports the integrity of the Pilot Study in generating useful market quality metrics, we are of the view that an exception to a linked pricing prohibition to permit non-rebate linked pricing to exchange market makers is appropriate. We believe that non-rebate incentives applicable to registered market making activities are less likely to interfere with the objectives of the Pilot Study and may further encourage the participation of market makers and enhance liquidity provision. Similar to the SEC Fee Pilot, these incentives can be offered only to registered market makers and only for their market making activity. As an example, a marketplace could offer its market makers volume-based incentives on a monthly basis. For clarity, the CSA intends to closely align its approach here with that taken by the SEC.16
V. LOCAL MATTERS – IMPLEMENTATION
Certain jurisdictions are publishing other information required by local securities legislation. In Ontario, the Pilot Study will be implemented by orders of the Commission under ss. 21(5) and 21.0.1 of the Securities Act (Ontario), as applicable for each exchange and ATS carrying on business in Ontario. The Alberta and British Columbia Securities Commissions will also issue orders implementing the Pilot Study, as applicable for exchanges recognized in those jurisdictions. In each of these three jurisdictions, the respective orders will provide that where a marketplace pays a trading fee rebate with respect to trading in a security that is included in a treatment group in the Pilot Study, that marketplace shall file a fee amendment that would eliminate the rebate payment for the duration of the Pilot Study.
The Commissions will also order that for the duration of the Pilot Study, where a marketplace seeks any amendment to its Form 21-101 F1 or Form 21-101 F2, including the exhibits thereto, that marketplace will file submissions that satisfy the applicable Commission that any proposed amendments do not negatively impact the objective of the Pilot Study. The form of an order, representative of the orders that will be presented to the Commissions to be signed once implementation is confirmed, is attached at Appendix B.
VI. APPENDICES
A. Final Design Report;
B. Form of an order for the implementation of the Pilot Study; and
C. List of commenters along with chart summarizing comments and CSA response.
15 See: https://github.com/mps-consulting/CSA-feepilot. 16 See supra note 6 at pp. 77-83.
January 23, 2020 (2020), 43 OSCB 850
Notices
VII. QUESTIONS
Questions and comments may be referred to:
Kent Bailey Alex Petro Trading Specialist, Market Regulation Trading Specialist, Market Regulation Ontario Securities Commission Ontario Securities Commission [email protected] [email protected]
Heather Cohen Serge Boisvert Legal Counsel, Market Regulation Senior Policy Advisor Ontario Securities Commission Exchanges and SRO Oversight [email protected] Autorité des marchés financiers [email protected]
Roland Geiling Maxime Lévesque Derivatives Product Analyst Senior SRO Analyst Exchanges and SRO Oversight Exchanges and SRO Oversight Autorité des marchés financiers Autorité des marchés financiers [email protected] [email protected] Jesse Ahlan Ami Iaria Regulatory Analyst, Market Structure Senior Legal Counsel, Capital Markets Regulation Alberta Securities Commission British Columbia Securities Commission [email protected] [email protected]
January 23, 2020 (2020), 43 OSCB 851
Notices
APPENDIX A
Design Report for the CSA Pilot Study on Rebate Prohibition (revised to address public comments)∗
Katya Malinova Andreas Park Andriy Shkilko
First version: July 24, 2018 This version: August 15, 2019
I. Executive Summary
The CSA has proposed a pilot study to better understand the effects of the prohibition of rebate payments by Canadian marketplaces (the Pilot). The United States Securities and Exchange Commission (SEC) has announced its intention to conduct a pilot study examining a similar set of issues (the SEC Pilot).
Rebates are often paid to market participants to attract their orders to a particular platform. The CSA has commissioned the authors of this report to develop the methodology for the Pilot, analyze the results, and complete a final research report detailing the findings. In this document, we propose a design and discuss the framework for the analysis. In particular, we cover the following issues: timing, sample construction, empirical measures, statistical tools, and anticipated challenges. We also address feedback received during public consultations.
An important feature of the Pilot is design simplicity. A complex design that aims to address too many questions may confound the analysis to the detriment of drawing policy-relevant conclusions. Consequently, key conditions for the Pilot to be successful are as follows:
• for a group of securities selected using objective and transparent criteria (hereafter, treated securities), marketplaces are prohibited from paying fee rebates1 to dealers, including offering discounts on liquidity removal fees if such discounts are linked to the dealers’ liquidity-providing activities. For all remaining securities, the rules remain unchanged; • the prohibition applies to all marketplaces trading equity securities; • with respect to interlisted securities, the timing of the Pilot and the set of the Pilot securities are coordinated with the SEC to the extent possible; • the Pilot is introduced in two stages, if possible, to mitigate the effects of unexpected market-wide events that may coincide with the Pilot start date; • in the analysis stage, a set of market quality and order routing metrics is computed using detailed audit-trail- level data; • a set of standard techniques is applied to examine this data; and • the codes used in the analysis are publicly available through GitHub, and comments are encouraged.
The sample will be selected from corporate equity securities and Exchange Traded Products (ETPs). The corporate equity securities will be split into highly liquid and medium liquid. Each treated security will be matched with a control security that has similar characteristics, e.g., firm size, share price, and trading volume. The control securities will not be treated. The sample selection will be governed exclusively by statistical considerations. We expect the sample to consist of:
• 50-60 highly liquid and 20-30 medium liquid, interlisted securities, with an equal number of interlisted matches, • 60-80 highly liquid and 80-100 medium liquid, non-interlisted securities, with an equal number of non- interlisted matches, and
∗ We thank the Canadian Securities Administrators (CSA), the Canadian Security Traders Association, the Market Structure Advisory Committee of the Ontario Securities Commission, participants at the Rotman Capital Markets Institute Panel Discussion, and respondents to the Request for Comments on the original Design Report for their input. Katya Malinova – DeGroote School of Business, McMaster University, [email protected]. Andreas Park – Rotman School of Management, University of Toronto, Institute of Management and Innovation@UTM, [email protected] (corresponding author). Andriy Shkilko – Lazaridis School of Business and Economics, Wilfrid Laurier University, [email protected]. 1 This will include the prohibition of rebate payments for intentional crosses.
January 23, 2020 (2020), 43 OSCB 852
Notices
• 20-30 ETPs, with an equal number of matches selected from among ETPs that follow distinctly different security baskets. The precise numbers of securities will be determined on the date the sample is finalized prior to the start of the Pilot.
In the analysis stage, we will use standard market quality metrics (e.g., quoted spreads and depths, effective and realized spreads, implementation shortfall, volatility, trade and order autocorrelation, time to execution for competitively priced limit orders, etc.). We will examine these metrics before and after rebate prohibition for the market overall and for several types of market participants separately (e.g., market makers, dealers, retail investors, institutional participants, participants using high frequency strategies, etc.). The final report will present the results taking care to preserve anonymity of the participants.
II. Details
A. Background
In its 2014 Request for Comments on Proposed Amendments to NI 23-101 Trading Rules,2 the CSA points out that concerns had been raised about the maker-taker model’s ability to “distort transparency of the quoted spread, introduce inappropriate incentives and excessive intermediation, and create conflicts of interest” and proposes conducting a pilot study to formally examine these issues. The CSA specifically states that any pilot should “examine the impact of prohibiting the payment of rebates by marketplaces.”
In proposing the Pilot design, we seek to better understand how the prohibition of rebates may affect dealers’ routing practices, the level of intermediation, and standard measures of market quality. The analysis will be carried out for the market overall and for various groups of market participants separately. We anticipate that this analysis will facilitate future policy decisions with respect to rebates and allow these decisions to be made in the most fair and transparent manner, reflecting the interests and views of all stakeholders.
In what follows, we provide a detailed description of the data, variables, and methods that will allow us to address the issues raised by the CSA. For the results to be meaningful and policy-relevant, it is important to have sufficiently large and well- structured treatment and control samples. Where possible, a staggered introduction of treatment would help minimize the likelihood of an exogenous event confounding the results. Furthermore, we will seek close coordination with the SEC, since trading in Canada may be affected by the implementation of the SEC Pilot.
B. Merits of a Canadian Pilot
Although the U.S. and the Canadian equity markets are similar, there are several key differences that may affect dealer routing decisions. Examples include the practice of retail order internalization in the U.S. and broker-preferencing in Canada. Therefore, while we expect rebate prohibition to have a similar impact on market-wide measures of market quality in both countries, changes in routing practices and the extent to which different groups of market participants are affected may differ. Consequently, a Canadian Pilot, in combination with sufficiently granular data, will substantially improve our understanding of the existing fee system and will be necessary for a well-informed Canadian regulatory policy.
C. Required Data
The Pilot aims to examine discretionary routing practices and the impact of fees on different groups of market participants. Using detailed data, we will define a trader ID as the combination of the dealer ID, user ID, and account type (specialist, client, inventory, etc.). Once defined, we will use trader IDs following the classification of market participants proposed by Devani, Tayal, Anderson, Zhou, Gomez, and Taylor (2014).
III. Pilot Securities and Sample Construction
A. Background
There are about 3,800 securities listed on Canadian stock exchanges, some of which are interlisted on foreign exchanges. Trading characteristics differ significantly across securities and in constructing the sample we must ensure that such differences do not confound the results.
First, many securities trade almost exclusively in rebate-free environments. Examples include CSE-listed securities, as well as TSX- and TSXV-listed securrities priced under $1 that trade on the TSX, TSXV, and MatchNow. Such securities will not be included in the sample.
2 http://www.osc.gov.on.ca/en/SecuritiesLaw_csa_20140515_23-101_rfc-pro-amd.htm.
January 23, 2020 (2020), 43 OSCB 853
Notices
Second, we expect that our analysis will provide the most statistically reliable results for the highly liquid securities. However, we recognize that there is significant interest in examining the impact of a rebate prohibition on securities with medium activity levels. Therefore, we will analyze a sample of such securities, but we caution that the resulting market quality measures may be statistically noisy. We will also examine the effect of a rebate prohibition on ETPs. We will not examine very illiquid securities, as such an analysis will not yield statistically meaningful insights. We will split the corporate equities into two subsamples: U.S.- interlisted equities and non-interlisted equities. In our analysis, we will present the results separately for the two subsamples.
B. Sample Selection and Matching Criteria for Corporate Securities
The two subsamples of corporate equities will be further split into highly liquid and medium liquid securities. IIROC defines a security to be “highly liquid” if it trades on average at least 100 times per day and with an average trading value of at least $1,000,000 per trading day over the past month.3 Highly liquid securities account for more than 90 percent of TSX market capitalization and as such are reasonably representative of the wealth invested in publicly-listed Canadian corporate equities. We will define a security as “medium liquid” if it trades on average at least 50 times a day and with an average daily trading value of at least $50,000 over the past month.
To select the treatment and control groups, we will use a procedure that finds stocks similar to each other based on a set of predefined characteristics and then randomly selects a stock to treat from each pair. We will use the following matching characteristics captured prior to the Pilot start date: listing status (single market vs. interlisted), liquidity status (highly liquid vs. medium liquid), firm size (market capitalization), price, and dollar trading volume, with the last three characteristics averaged over the month preceding the selection date. The list of Pilot securities will be appended to the orders implementing the Pilot.
We will follow the approach known as the nearest-neighbour matching. Specifically, for each possible pair of securities, i and j, we will compute the pairwise scaled matching error as follows:
𝐶 −𝐶 𝑚𝑎𝑡𝑐ℎ𝑒𝑟𝑟𝑜𝑟 = , (1) 𝐶 +𝐶
where Ck is one of the above-mentioned matching characteristics, e.g., firm size, price, and trading volume. We will then sequentially select pairs with the lowest matching errors until all stocks are allocated a pair. Finally, we will randomly assign one stock in each pair for treatment and retain the other stock as a control.
C. Sample Selection and Matching Criteria for ETPs
The comments on the original pilot design were mixed, although largely in support of including ETPs in the study. This said, respondents were concerned that the necessary partition of ETPs into a no-rebate and a control sample could create “winners and losers.” As an example, consider two fictional ETPs that have the same underlying basket of securities: ATSX and ZTSX. The similarity of the underlying basket makes it tempting to assign these ETPs as matches, with one in the no-rebate group and the other in the control group. Such an assignment may, however, result in investors favouring one product over the other. If the current system of rebates is beneficial to liquidity, the control product will benefit. If the current system is not beneficial, the treated product will benefit.
To address respondents’ concerns and avoid influencing investor preferences for similar ETPs, we will use the underlying index as one of the criteria to assign ETPs into the treatment and control groups. More specifically, both ATSX and ZTSX in the example above will be assigned into either a treatment or a control group. Their matches will be selected from ETPs with different underlying baskets. Further, we expect to match ETPs with the same underlying security type: equity ETPs to equity ETPs, fixed income to fixed income, etc. The rest of the matching procedure will resemble that described earlier for the corporate securities. In particular,
• we will separate ETPs into categories based on the underlying security type; • within these categories, we will identify ETP groups that have the same underlying basket; • we will match these groups with the ETP groups that have the same security type but a different underlying basket. Matching will be done by traded volume and price; and • once matches are identified, we will randomly assign one of the matched groups to be treated and the other as a control. We do not anticipate active ETPs to be included in the Pilot.
3 http://www.iiroc.ca/industry/rulebook/Pages/Hightly-liquid-Stocks.aspx
January 23, 2020 (2020), 43 OSCB 854
Notices
IV. Empirical Measures and Statistical Analysis
A. Empirical Measures
Quoted Liquidity. The quoted spread will be computed as the difference between the Canada-wide best ask and bid prices (the CBBO). We will compute this metric in two ways: (i) across all markets and (ii) for the markets with protected quotes. The quoted spread at time t for security i is defined as:
𝑞𝑠 =𝑎𝑠𝑘 −𝑏𝑖𝑑 . (2)
We will drop instances of locked markets, when the bid and the ask are equal, and instances of crossed markets, when the bid is greater than the ask.
Spreads usually vary by stock price. As such, it is common practice to compute the proportional spread as: 𝑞𝑠 𝑞𝑠𝑝 = , (3) 𝑚
where mit is the CBBO midquote defined as:
𝑎𝑠𝑘 +𝑏𝑖𝑑 𝑚 = . (4) 2
To aggregate the spread metrics to the daily level, we will compute the time-weighted quoted spread on day d as follows:
1 𝑡𝑤𝑞𝑠𝑝 = × Δ , 𝑞𝑠𝑝 , (5) ∑ Δ , where Δt,t+1 is the number of time units during which the quote is active. For instance, if a quote is active from 14:35:00.002 to 14:35:08.004, then Δt,t+1 = 8,002 milliseconds (ms).
Some of the stocks in our sample will likely be constrained by the minimum tick size of one cent. To account for this possibility, we will compute the fraction of the day that a stock is quoted with a one cent spread.
We will compute quoted depth as the sum of the number of shares posted on both sides of the CBBO. We will compute quoted dollar depth as the sum of the dollar value of shares posted on both sides of the CBBO. We will time-weight both depth metrics.
In addition, we will examine the breadth of liquidity provision and diversification of passive liquidity by counting the number of market participants that provide liquidity and the level of competition among them based on presence at the best quotes and the frequency as well as degree of price improvement.
Price Efficiency. The finance literature has developed a number of metrics that capture the speed with which (and the extent to which) prices incorporate new information. Generally speaking, the faster the price discovery process, the more informationally efficient the prices.
Autocorrelation of Returns. Similarly to Hendershott and Jones (2005), we will compute the autocorrelation of midquote returns for 30-second, 1-minute, and 5-minute intervals. A lower absolute value of autocorrelation is associated with greater market efficiency as prices better resemble a random walk.
Variance Ratios. If prices are efficient and follow a random walk, the variance of midquotes is linear in the time horizon. Campbell, Lo, and MacKinlay (1997) define the scaled ratio of variances over k time horizons as: |(σtk/kσt) – 1| and suggest that the closer this ratio is to 0, the more efficient the market. We will follow the existing literature and compute the variance ratios for two intervals: 30-seconds to 1-minute and 1-minute to 5-minutes.
Intra-Day Volatility. We will compute two volatility metrics: range-based and variance-based. The range-based metric is the daily average of the high-low price range computed over ten-minute intervals, scaled by the interval’s midquote defined in equation 4 above. Aggregated over many securities, this metric is usually strongly correlated with overall market volatility as measured by the CBOE Volatility Index (VIX).4 The variance-based metric is the standard deviation of the one-minute midquote returns for the day.
4 The VIX is a calculation designed to produce a measure of constant, 30-day expected volatility of the U.S. stock market, derived from real-time, midquote prices of S&P 500 Index call and put options.
January 23, 2020 (2020), 43 OSCB 855
Notices
Activity Levels. To measure market activity, we will compute several trading volume metrics such as volume at the open and close, volume during the continuous market, volume in intentional crosses, and dark volume.
We will further compute a set of order-related metrics, such as the number of orders and their value, the proportion of canceled and executed orders, the proportion of executed order value, the number of orders that match or improve the CBBO, and the proportion of orders one and two cents away from the best quotes, as well as one percent and five percent of the midquote away from the best quotes. We will pay particular attention to changes in order routing practices to examine the effects of incentive changes related to rebate prohibition.
We note that there are no agreed upon economic measures that determine whether a change in market activity levels is beneficial or harmful. Therefore, volume and order submission figures must be interpreted with caution.
Effective Spreads. Effective spreads measure the costs that market participants incur when they trade. It is conventional to base the computation of effective spreads on the midquote of the prevailing CBBO. For security i, the proportional effective spread for a trade at time t is:
𝑝 −𝑚 𝑒𝑠𝑝 =2×𝑞 × , (6) 𝑚
where pit is the transaction price, mit is the midquote of the CBBO prevailing at the time of the trade, and qit is an indicator variable that equals 1 if the trade is buyer-initiated and −1 if the trade is seller-initiated. The factor 2 is used to make the estimate comparable to the quoted spread by capturing the cost of a round-trip transaction. We will also examine a variation of the effective spread, entitled investable spread, which is the dollar cost of trading of a standard size order.
To obtain a daily effective spread estimate, it is common to volume-weight transaction-specific estimates, i.e., for trades of volumes vit, the effective spread on day d is the sum of the trades’ effective spreads weighted by the trades’ shares of total daily volume:
1 𝑣𝑤𝑒𝑠𝑝 = × 𝑣 𝑒𝑠𝑝 . (7) ∑ 𝑣
The purpose of the Pilot is to gain a better understanding of the effects of the prohibition of rebate payments by Canadian marketplaces, and we will therefore compute the “cum fee” effective spread (often referred to in the industry as the “economic” spread):5 𝑐𝑢𝑚 𝑓𝑒𝑒 𝑒𝑠𝑝 =𝑒𝑠𝑝 + 2 × 𝑡𝑎𝑘𝑒𝑟 𝑓𝑒𝑒 ⁄𝑚 . (8)
Price Impact and Realized Spread. It is common practice to decompose the effective spread into the price impact and the realized spread. The price impact measures by how much the trade moves the price and is formally defined as:
𝑚 , −𝑚 𝑝𝑟𝑖𝑚𝑝 =2×𝑞 × , (9) 𝑚
where mi,t+τ is the CBBO midquote τ time units after the trade. The idea behind this measure is that trades reveal information about the fundamental value of the underlying security and the market needs time to incorporate this information into prices. The time horizon τ usually varies between five milliseconds for frequently traded stocks and five minutes for less frequently traded ones.
The price impact is directly related to the realized spread, which is defined as:
𝑟𝑠𝑝 =𝑒𝑠𝑝 −𝑝𝑟𝑖𝑚𝑝 (10)
and is interpreted as the revenue that liquidity providers receive net of the adverse selection costs captured by the price impact. Analogously to the cum fee effective spreads, we will account for the rebates that liquidity providers are eligible to receive and will compute the cum rebate realized spreads as follows:
𝑐𝑢𝑚 𝑓𝑒𝑒 𝑟𝑠𝑝 =𝑟𝑠𝑝 + 2 × 𝑚𝑎𝑘𝑒𝑟 ⁄𝑟𝑒𝑏𝑎𝑡𝑒 𝑚 . (11)
5 This measure will be computed per transaction. We caution that it will be difficult to determine precisely which fees apply; dark, lit, and post- only orders may all command different fees, market-makers may receive bulk-discounts, etc. We will apply a uniform rule by employing only the “most common” fee that applies on the specific venue.
January 23, 2020 (2020), 43 OSCB 856
Notices
Implementation Shortfall. Buy-side institutions often trade amounts that are larger than the depth available at the best prices and therefore commonly slice large “parent” orders into smaller “child” orders. The child orders may move market prices away from the price prevalent at the beginning of the large trade and as such increase the total cost of the parent order. Buy-side traders therefore worry about the total cost of their parent orders, which is usually measured by the implementation shortfall (IS).
While we likely cannot identify buy-side trades directly, we will proxy for parent orders by identifying instances where a single trader executes several trades in the same direction on a given day and trades only in that direction. The total cost associated with such a string of trades will be measured by the implementation shortfall defined as:
𝐼𝑆 =𝑞 × ($𝑣𝑜𝑙 −𝑝 ×𝑣𝑜𝑙 ) (12)
where qit is +1 for a string of buys and −1 for a string of sales that begins at time t in stock i, $volit is the total dollar volume for the string, pi0 is the prevailing midquote at the time of the first trade in the string, and volit is the total share volume for the string.
A positive shortfall indicates that prices move in the same direction as the parent order. In our reporting, the aggregate shortfall will be computed in basis points of the aggregate dollar volume traded. We will consider two types of trade strings: (i) those that originate from marketable orders only and (ii) those that originate from marketable and non-marketable orders.
Passive Order Execution Quality. We will examine the impact of the Pilot on orders of a variety of different types, paying particular attention to liquidity-providing orders. For retail orders and for large trade strings, we will compute the resting time of non-marketable orders. We will specifically focus on orders with prices that suggest that the submitter is interested in a timely execution. As such, we will consider orders that are submitted at prices that match or improve the CBBO.
For large trade strings, we will also report the average fraction of volume that is traded with marketable orders. A change in this measure captures the possibility that institutional investors may change their strategies and choose to “cross the spread” more/less often.
We will also examine the ratio of traded to submitted orders; this ratio captures how many orders an institution needs to submit to fill a position. We will consider only the orders submitted at prices matching or improving the CBBO. We will also compute this ratio for share volume. Finally, we will examine the opportunity costs of passive, as well as marketable, orders that are not filled by comparing prices at the time of submission to prices obtained through post-cancellation execution of similar directional volume by the same trader ID.
B. Statistical Analysis
The basis of our statistical approach is a conventional difference-in-differences analysis of a panel dataset (securities×days). Analyses of this kind usually rely on two approaches to examine the treatment effect (i.e., the effect of rebate prohibition). We discuss these approaches below using the bid-ask spread as an example.
In the first approach, the dependent variable ΔDVit is the value of the bid-ask spread for the treated security i at time t less the value for the matched security. Using this dependent variable, we will estimate the following regression:
Δ𝐷𝑉 =𝛼∙𝑝𝑖𝑙𝑜𝑡 + 𝑐𝑜𝑛𝑡𝑟𝑜𝑙𝑠 +𝛿 +𝜀 , (13) where Pilott is an indicator variable set to 1 on the Pilot start date, controlst are time series controls such as the VIX, and δi are security-pair fixed effects. The coefficient of interest α captures the effect of the Pilot on treated securities.6
In the second approach, the dependent variable DVit is the value of the bid-ask spread for each security from the treatment and control groups. Using this dependent variable, we will estimate the following regression:
Δ𝐷𝑉 =𝛼 ∙𝑝𝑖𝑙𝑜𝑡 +𝛼 ∙𝑝𝑖𝑙𝑜𝑡 ×𝑡𝑟𝑒𝑎𝑡𝑒𝑑 +𝛼 ∙𝑡𝑟𝑒𝑎𝑡𝑒𝑑 + 𝑐𝑜𝑛𝑡𝑟𝑜𝑙𝑠 +𝛿 +𝜀 , (14)
where Pilott is the indicator variable set to 1 on the Pilot start date, treatedi is 1 if the security is from the treatment group and 0 otherwise, controlst are time series controls such as the VIX, and δi are security fixed effects. The coefficient of interest is α2; it estimates the incremental effect of the Pilot on the treated securities. For instance, with quoted spread as the dependent variable, a positive α2 will indicate that the spreads for the treatment group increased relative to the control group.
We will conduct inference in all regressions using double-clustered Cameron, Gelbach, and Miller (2011) standard errors, which are robust to cross-sectional correlation and idiosyncratic time-series persistence.7
6 This regression methodology is similar to that in Hendershott and Moulton (2011) and Malinova and Park (2015). 7 Cameron, Gelbach, and Miller (2011) and Thompson (2011) developed the double-clustering approach simultaneously. See also Petersen (2009) for a detailed discussion of (double-)clustering techniques.
January 23, 2020 (2020), 43 OSCB 857
Notices
Each approach will use two controls for the market-wide effects that are known to affect trader behaviour and market quality. First, we will use the VIX to control for the level of market-wide volatility. We acknowledge that Canada has its own volatility index, but note that this index may be directly affected by trading in the sample securities, while VIX is less likely to be similarly affected. Second, we will use the cumulative return for the S&P GSCI commodity index. Comerton-Forde, Malinova, and Park (2018) show that this index is highly correlated with the Canadian TSX Composite index, but is unlikely to be significantly affected by trading in Canada and therefore serves as a proxy for Canadian market-wide returns.
V. Anticipated Challenges
We caution that several possible scenarios may affect our ability to deliver meaningful conclusions. First, individual firms in the sample may experience events during the Pilot that render them unusable for the subsequent statistical analyses (e.g., mergers, bankruptcies, or delistings). We will mitigate the impact of such events by building the sample as close as possible to the start of the Pilot, while providing market participants with sufficient time to prepare for the Pilot’s implementation. This said, if one of the above-mentioned events occurs after the sample is finalized, we may omit the affected security and its match from further analyses.
Second, all securities may be affected by major market-wide confounding events. Examples are a failure of a major financial institution, a market crash, or a political event. While a staggered introduction, the use of control groups, and a sufficiently long Pilot period alleviate some of the concerns regarding such events, the CSA will reserve the right to extend the Pilot or to delay the start of the Pilot should it be necessary.
Third, the marketplaces may develop workarounds for rebate prohibitions that undermine the Pilot, e.g., differentiated fees, bulk discounts, new order types, new venues or order books, etc. The orders implementing the Pilot aim to prevent such workarounds so as to preserve the scientific integrity of the Pilot.
VI. Timing
We propose that the Pilot for the interlisted stocks match the duration of the SEC Pilot. We also propose that the Pilot proceed in two stages, with treatment introduction for the non-interlisted stocks and ETPs separated from the treatment introduction for the interlisted stocks by two to three months.
As described above, the staggered introduction may alleviate concerns that arise if the Pilot start date is close to an unexpected market-wide event. For example, in July 2011, the SEC adopted a new rule that restricted some aspects of direct market access (DMA). Several research teams endeavored to analyze this event. Unfortunately, about two weeks after the DMA rule adoption, the U.S. credit rating was downgraded, creating a substantial amount of noise in the data. No research team was able to produce meaningful conclusions because the noise completely confounded the results (Chakrabarty, Jain, Shkilko, and Sokolov, 2019). We caution that a similarly unpredictable event may confound the results if all stocks are introduced into the Pilot at once.
Our conversations with market participants suggest that they share this concern and we received feedback that the difference between the two-stage and all-at-once alternatives is immaterial in terms of technical implementation.
VII. Monitoring, Communication, and Transparency
We believe that transparency is integral to conducting pilot studies and commit to providing timely and comprehensive updates to the CSA for disclosure to market participants. We will continuously monitor the empirical measures described in section IV, share the ongoing statistical analysis with the CSA, and discuss any adverse trends that may be indicative of a decrease in market quality.
In the interest of transparency, we will make all codes publicly available via GitHub (the online code depository). GitHub includes a comment function and feedback on code improvement is welcome. Where possible, we will also provide the data (e.g., the non-proprietary data that will be used for the matching process). We believe that this level of transparency will bring added trust in the integrity of our analysis. However, we will not publish the matched securities to prevent possible gaming.
We have received excellent feedback from the CSA, the members of the OSC Market Structure Advisory Committee, the Canadian Security Traders Association, participants at the Rotman Capital Markets Institute Panel Discussion, and respondents to the Request for Comments. This report reflects this feedback.
Appendix I: A Sample Matching Procedure
This appendix provides an example of the matching procedure used to assign Canadian stocks interlisted in the U.S. into the treatment and control groups.
January 23, 2020 (2020), 43 OSCB 858
Notices
Trading volume, price, and market capitalization figures are the latest available from the Canadian Financial Markets Research Centre (CFMRC).8 Trading volume is the average daily dollar volume, price is the closing price, and market capitalization is the product of the price and the number of shares outstanding. We use Canadian dollars for variables that require a price component.
We arrive at the matched sample using the following procedure:
1. We begin with a sample of 181 Canadian securities that are also interlisted on the NYSE, NYSE Arca, NYSE MKT, Nasdaq GM, and Nasdaq CM.
2. Among these, we identify 18 securities that trade at prices below $1 and refer to them as low-priced (LP). Price volatility in such securities is rather high, and as mentioned previously, LPs will not be included in the Pilot. We however discuss them here for the sake of completeness.
3. Among the remaining securities, we identify 107 that are on IIROC’s “highly liquid” list. We refer to these as HL stocks and the remaining 56 securities are nHL (not highly liquid). We match HL stocks to HL stocks and nHL stocks to nHL stocks.
4. For each possible pair of i and j securities, we estimate a match error as follows:
𝐶 −𝐶 𝑚𝑎𝑡𝑐ℎ𝑒𝑟𝑟𝑜𝑟 = , 𝐶 +𝐶 where Ck are natural logs of trading volume, price, and market capitalization as defined above.
5. From the matrix of match errors that spans all stock-pairs, we then select stock-pairs with the lowest errors, for a total of 53 HL pairs, 28 nHL pairs, and 9 LP pairs.
6. Finally, to assign stocks into the treated and control groups, for each pair we generate a random number between 0 and 1. If this number is below 0.5, we assign the first stock in the pair to be treated and vice versa.
Figure 1 provides an illustration of match quality. The horizontal and vertical axes represent logarithms of market capitalization, dollar volume, and stock price for pairs of securities, with a random assignment of one member in the pair to the treatment and the other to the control group. A good match obtains if the points are on or close to the 45-degree line. A formal t-test shows no evidence that the treatment and control samples are different for any of the matching criteria.
8 http://clouddc.chass.utoronto.ca/ds/cfmrc. In rare cases when CFMRC does not have a valid record for a security, we obtain the missing data from https://www.tmxmoney.com/en/index.html.
January 23, 2020 (2020), 43 OSCB 859
Notices
REFERENCES
Battalio, Robert, Shane Corwin, and Robert Jennings, 2016, Can brokers have it all? On the relation between make-take fees and limit order execution quality, Journal of Finance 71, 2193–2238.
Battalio, Robert, Brian Hatch, Mehmet Saǧlam, 2019, The cost of routing orders to high frequency traders, Working paper.
Brogaard, Jonathan, Terrence Hendershott, and Ryan Riordan, 2014, High-frequency trading and price discovery, Review of Financial Studies 27, 2267-2306.
Brogaard, Jonathan, Terrence Hendershott, and Ryan Riordan, 2019, Price discovery without trading: Evidence from limit orders, Journal of Finance, forthcoming.
Cameron, A. Colin, Jonah B. Gelbach, and Douglas L. Miller, 2011, Robust inference with multi-way clustering, Journal of Business Economics and Statistics 29, 238-249.
Campbell, John Y., Andrew W. Lo, and A. Craig MacKinlay, 1997, The Econometrics of Financial Markets (Princeton University Press).
Chakrabarty, Bidisha, Pankaj Jain, Andriy Shkilko, and Konstantin Sokolov, 2019, Unfiltered Market Access and Liquidity: Evidence from the SEC Rule 15c3-5, Management Science, forthcoming.
Cimon, David, 2019, Broker Routing Decisions in Limit Order Markets, Working paper.
Comerton-Forde, Carole, Katya Malinova, and Andreas Park, 2018, Regulating dark trading: Order flow segmentation and market quality, Journal of Financial Economics 130, 347-366.
Devani, Baiju, Ad Tayal, Lisa Anderson, Dawei Zhou, Juan Gomez, and Graham W. Taylor, 2014, Identifying trading groups – methodology and results, Discussion paper, IIROC Working Paper.
Hendershott, Terrence, and Charles M. Jones, 2005, Island goes dark: Transparency, fragmentation, and regulation, Review of Financial Studies 18, 743–793.
Hendershott, Terrence, and Pam Moulton, 2011, Automation, speed, and stock market quality: The NYSE’s hybrid, Journal of Financial Markets 14, 568–604.
Korajczyk, Robert, and Dermot Murphy, 2018, High-frequency market making to large institutional trades, Review of Financial Studies 32, 1034-1067.
Malinova, Katya, and Andreas Park, 2015, Subsidizing liquidity: The impact of make/take fees on market quality, Journal of Finance 70, 509–536.
Menkveld, Albert, 2013, High frequency trading and the new market makers, Journal of Financial Markets 16, 712-740.
Petersen, Mitchell A., 2009, Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches, Review of Financial Studies 22, 435–480.
Thompson, Samuel B., 2011, Simple formulas for standard errors that cluster by both firm and time, Journal of Financial Economics 99, 1–10.
January 23, 2020 (2020), 43 OSCB 860
Notices
Figure 1
January 23, 2020 (2020), 43 OSCB 861
Notices
APPENDIX B
IN THE MATTER OF THE SECURITIES ACT, RSO 1990, CHAPTER S5, AS AMENDED (the “Act”)
AND
IN THE MATTER OF [INSERT EXCHANGE/ATS]
([Exchange/ATS short form])
ORDER (Subsection 21(5)/Section 21.0.1 of the Act)
WHEREAS [Exchange/ATS short form] is an exchange/alternative trading system (ATS) carrying on business in Ontario;
AND WHEREAS if it considers it to be in the public interest, the Ontario Securities Commission (Commission) has the authority to make any decision with respect to the manner in which a recognized exchange/an alternative trading system carries on business;
AND WHEREAS the payment of rebates by a marketplace may be changing behaviours of marketplace participants and creating unnecessary conflicts of interest for dealer routing decisions that may be difficult to manage, contributing to increased segmentation of order flow, and/or contributing to increased intermediation on highly liquid securities;
AND WHEREAS in light of the information set out in the paragraph above, it is the Commission’s opinion that it is in the public interest to conduct a pilot study on the prohibition of the payment of rebates by marketplaces for a sample of securities (the Pilot);
AND WHEREAS the Pilot will apply to [insert number] of securities;
AND WHEREAS the objective of the Pilot is to gain a better understanding of the effects of the prohibition of rebate payments by Canadian marketplaces (the Objective) to determine whether the Commission should facilitate the transition to an amended rule regarding the payment of rebates by marketplaces;
IT IS ORDERED that, pursuant to subsection 21(5)/section 21.0.1 of the Act:
1. On [insert Pilot start date], [insert Exchange/ATS] shall implement the Pilot according to the design set out at Appendix A appended to this Order, by eliminating rebates for those securities set out at Appendix B until [insert Pilot end date].
2. Between [insert Pilot start date] and [insert Pilot end date], if [insert Exchange/ATS] seeks any amendment to its Form 21-101F1/2, including the exhibits thereto (the Proposed Amendments), [insert Exchange/ATS] shall file submissions which satisfy the Commission that the Proposed Amendments do not negatively impact the Objective of the Pilot.
DATED this __ day of ______, 202_, to take effect ______, 202_.
______[Name] [Name] [Title] [Title] Ontario Securities Commission Ontario Securities Commission
January 23, 2020 (2020), 43 OSCB 862
Notices
APPENDIX C
LIST OF COMMENTERS
AGF Investments Inc. Alberta Investment Management Corp. (AIMCO) Ian Bandeen BlackRock Asset Management Canada Limited Caisse de Dépôt et Placement du Québec Canada Pension Plan Investment Board (CPPIB) The Canadian Advocacy Council for Canadian CFA Institute Societies Canadian Security Traders Association, Inc. (CSTA) CIBC Capital Markets (CIBCCM) Citadel Securities Canada CNSX Markets Inc. (CSE) Fidelity (Canada) Asset Management ULC Healthcare of Ontario Pension Plan (HOOPP) Healthy Markets Association Independent Trading Group (ITG84) Invesco Canada Ltd. Investment Industry Association of Canada (IIAC) Mackenzie Investments Mackie Research Capital Corporation Nasdaq Canada National Bank Financial Inc. (NFI) NEO Exchange Inc. Omega Securities Inc. (OSI) OMERS Administration Corporation Ontario Teachers’ Pension Plan (OTPP) PSP Investments RBC Dominion Securities Inc., Capital Markets and Wealth Management RBC Global Asset Management Inc. Scotia Capital Inc. Select Vantage Canada Inc. T. Rowe Price TD Asset Management Inc. (TDAM) TD Securities Inc. TMX Group Limited Vestcor Virtu ITG Canada Corp.
January 23, 2020 (2020), 43 OSCB 863
Notices
SUMMARY OF COMMENTS AND CSA RESPONSE
Topic Summary of Comments CSA Response
The Merits of The majority of commenters supported the Pilot Study. the Pilot Study Respondents in support of the Pilot Study asserted that Support for the Pilot Study
• The approach is consistent with the CSA’s We agree with the benefits of conducting the statutory mandate to foster fair and efficient Pilot Study. In particular, doing so will provide markets and that the solicitation of public input and evidence to support any future policy feedback has given rise to a transparent and decisions with respect to rebates. appropriately designed Pilot Study; • An academic study is a necessary step to understanding any inherent potential dealer conflicts and that data driven approaches to rule making are appropriate and desirable; • Removal of rebates would likely simplify market structure and foster fair and efficient markets since an environment without rebates should result in less unnecessary intermediation, more reliable liquidity provision, cost reductions, and marketplaces and dealers competing on the basis of the quality of execution; and • The results of the Pilot Study could lead to a reduction in marketplace incentives that encourage excessive complexity and fragmentation and exacerbate agency concerns between investors and dealers.
Respondents not in support of the Pilot Study were Concerns with the Pilot Study concerned that We acknowledge commenters’ concerns and • The approach is inconsistent with the principle of intend to closely monitor the markets following proportionate regulation and with the CSA’s implementation of the Pilot Study to determine statutory mandate to foster fair and efficient whether any of these concerns are realized. markets; However, we believe the best and only way to • The need for a Pilot Study has not been address these concerns is by conducting the substantiated with data analysis and Pilot Study as only through the Pilot Study can experimentation should not be undertaken unless the CSA determine the impact of rebates. there is a compelling reason for regulatory Should the Pilot Study prove detrimental to intervention; the markets, then we can terminate it • Viable alternatives to better manage or avoid the immediately through Commission orders, associated risks have not been considered; where applicable. • The Pilot Study may have negative impacts on investors and issuers, may stifle competition among marketplaces, and may increase net trading fees for certain dealers; • Liquidity providers may withdraw from the markets, which could cause spreads to widen; • The Pilot Study may have unintended consequences and undermine the transparency and integrity of the Canadian capital markets, including trading flow arbitrage between Canadian and U.S. marketplaces which in turn may impact the attractiveness and competitiveness of Canadian markets; and • The Pilot Study could weaken displayed versus non-displayed markets and enable uneven trading patterns in the market.
January 23, 2020 (2020), 43 OSCB 864
Notices
The Overall General Structure of the Pilot Study General Structure of the Pilot Study Design of the Pilot Study A number of commenters generally agreed with the timing, duration, matched pairs design, and scope of the Pilot Study. Some commenters emphasized the importance of having a test group where no rebates are permitted. Other comments discussed the importance of including all marketplaces in the Pilot Study.
Some commenters were of the view that restricting The Pilot Study is designed to provide a rebates would likely not answer all questions comprehensive understanding of the current concerning conflicts of interest, segmentation, or system of rebates and its effects on market excessive intermediation (causality, temporary versus quality. Given the duration of the Pilot Study, permanent behaviour changes). we expect it to lead to longer term changes in market participant behaviour.
Included/Excluded Securities Included/Excluded Securities
A number of commenters were supportive of excluding securities priced under $1 on the basis that they would not yield statistically meaningful insights.
The majority of commenters expressed strong support As set out in greater detail below, the CSA for not including an issuer opt-out as doing so could conducted extensive consultations with a impact sample selection and results. Another broad range of stakeholders. Respecting commenter wished to ensure that the CSA consulted issuer consultations, Staff met with with issuers prior to the implementation of the Pilot Commission advisory committees to solicit Study given the concerns of issuers in the United additional feedback. No issuers raised States. Another commenter was concerned that concerns about the Pilot Study at either these deteriorating liquidity could harm issuers, while another meetings or any time thereafter, including in commenter suggested including an issuer opt-out in the response to the 2018 RFC. As reflected in the Pilot Study. 2018 RFC, the CSA remains of the view that the Pilot Study will not harm issuers.
Symmetrical Pricing Symmetrical Pricing
One commenter supported the CSA’s proposal not to The CSA will not mandate symmetrical pricing mandate symmetrical pricing, while another was as doing so, in our view, would be overly concerned that symmetrical pricing might be the only prescriptive. way to eliminate conflicts.
Confidentiality Confidentiality
One commenter requested that the audience of the The CSA can assure all market participants confidential data required for the Pilot Study be strictly that the data required to conduct the Pilot limited to the Academics and regulators and that Study will remain confidential to the CSA, market participants or other third parties do not access IIROC, and the Academics. The CSA will take client trading information that may include their appropriate precautions to ensure that there is proprietary data pertaining to their trading strategies. no information leakage. Furthermore, data will Another commenter expressed general privacy be anonymized and only aggregate data will concerns with regards to the identity of dealers being be published. reverse engineered based on public data made available in connection with the Pilot Study.
The Legal The Purpose of the Pilot Study The Purpose of the Pilot Study Framework of the Pilot Study One commenter was generally concerned about the The purpose of the Pilot Study is to examine appropriateness of a securities regulator involving itself the effects of rebates on market quality and in fee-setting or rate-capping. Another commenter participant behaviour. It is the CSA’s view that noted that the CSA had historically not engaged in such rebates may create conflicts that are difficult a role and indicated that there should be a clear public to manage and may lead to behaviour that interest rationale for the Pilot Study to proceed. A negatively impacts market quality and the number of commenters believe that the CSA should investor experience. The CSA is also of the
January 23, 2020 (2020), 43 OSCB 865
Notices
clearly define certain aspects of the Pilot Study at the view that the payment of rebates may lead to outset, including defining the problem that the CSA is excessive intermediation and segmentation of trying to solve and how it will measure market and order flow, which we are concerned may also execution quality (e.g. what are good outcomes with be negatively impacting market quality. respect to liquidity, volume, and ability to trade) and the Therefore, the Pilot Study has been designed overall success of the Pilot Study (what are statistically to test the effects of the prohibition of rebate significant results). payments by Canadian marketplaces. The metrics used will measure market quality. Should the Pilot Study prove detrimental to the markets, then the CSA can terminate it immediately through Commission orders, where applicable.
The Consultation Process The Consultation Process
One commenter was concerned that the CSA had not The comments received in response to the meaningfully addressed comments received on the 2014 Notice were responded to and proposed pilot in response to the 2014 Notice and that addressed through the 2016 Notice. At that the CSA appeared to have unilaterally decided to time, the CSA had determined not to proceed proceed with the Pilot Study. Several commenters also with the proposed pilot based on the feedback indicated that the CSA had not conducted a cost- received at the time about coordinating with benefit analysis of the Pilot Study. the United States to the extent possible. The CSA only considered a potential pilot study as likely in mid-2018. Since that time, the CSA has conducted more than ten outreach actions, providing market participants with substantial opportunity to provide feedback on the Pilot Study and responding to participants’ comments and any concerns. Included among these consultation actions was the publication of the 2018 RFC, which specifically sought comments on the design of the Pilot Study and whether to proceed with it. While the CSA intends to proceed with the Pilot Study, this decision was made in response to all of its outreach through which it was determined that all but a handful of market participants support proceeding with the Pilot Study. For a chart setting out the outreach conducted to date, please see Appendix 1 to this chart.
The Implementation Process The Implementation Process
A few commenters were supportive of requiring We have broad authority to make decisions in marketplaces seeking to implement either a fee or the public interest. Marketplaces will have the major market structure change throughout the opportunity to provide submissions as to the implementation period of the Pilot Study to demonstrate rationale for any proposed changes and if the to the CSA that such a change does not interfere with proposed change does not negatively impact the objective of the Pilot Study. In contrast, one the objective of the Pilot Study, then a commenter had significant concerns with this decision will be made in the normal course. requirement, noting that it may provide the CSA with an We have no intention of limiting marketplaces’ unreasonable level of discretion to deny marketplace ability to compete. The Pilot Study may lead changes and is not applied to all marketplace marketplaces to find new ways to compete participants. This commenter also believed the with one another. requirement to be too broad in that it could apply to any marketplace change. It is not necessary to implement the Pilot This same commenter was concerned that the Study through the rule-making process as the implementation of the Pilot Study will circumvent the Pilot Study is specific to certain securities and established process for imposing new obligations and will only be in place for a limited time. As rules on marketplaces. In particular, this commenter acknowledged by the commenter, it is also not believes that the implementation scheme violates the practical to implement the Pilot Study through Ontario Securities Commission’s (OSC) prohibition on the rule-making process because of its time
January 23, 2020 (2020), 43 OSCB 866
Notices
blanket orders and circumvents the formal rule-making limited nature and because implementing the process. Pilot Study as a rule will make it difficult to cancel should there be detrimental effects on the market. We also note that the Pilot Study is not being implemented by way of blanket orders.
General Difficulties with Implementing the Pilot Study Difficulties with Implementing the Pilot Study Comments One commenter was sensitive to the technology costs All efforts will be made to reduce the costs of that the Pilot Study will impose on industry and asked implementing the Pilot Study. The Academics that the CSA consider this burden and try to minimize conducted outreach with vendors prior to the impact. Another commenter was concerned that some publication of the 2018 RFC and understand trading platforms cannot support two SOR settings, that they already route differently depending which could impact the results of the Pilot Study. on the security that is traded (for example, securities priced above versus below $1.00). In addition, marketplaces regularly and frequently adjust their trading fees with limited cost to themselves or participants.
Policy Implications of the Pilot Study Policy Implications of the Pilot Study
A number of commenters expressed support for taking We agree with the comments on this issue. action where the results of the Pilot Study suggest The purpose of the Pilot Study is to determine doing so. One of these commenters noted that such the effects of the prohibition of rebate action could include the substantial limitation, if not payments by Canadian marketplaces. If the prohibition of, rebates for more liquid securities where results of the Pilot Study suggest that policy data supports the conclusion that liquidity incentives changes should be made to improve are no longer necessary. Canada’s capital markets, then the CSA intends to evaluate and identify possible courses of action. Any proposal will follow the normal course, including a comment period.
Possible Reliance on the Findings of the SEC Fee Pilot Possible Reliance on the Findings of the SEC Fee Pilot Some commenters suggested that rather than implement the Pilot Study, the CSA should rely on the The CSA considered relying on the findings of findings of the SEC Fee Pilot to assess whether and the SEC Fee Pilot, but due to significant what policy changes should be made in Canada. differences in Canadian and American market Commenters were split as to whether the CSA could structure, as well as certain necessary simply rely on the findings of the SEC Fee Pilot or differences in the design of the two studies, would need to conduct the Pilot Study in tandem with determined that it is imperative that the CSA the SEC Fee Pilot. Those in support of the latter proceed with its own Pilot Study. position were particularly concerned that key differences in market mechanics and regulatory fabric will mean that the lessons observed from the SEC experience do not necessarily translate in the manner anticipated.
Alternative Approaches Alternative Approaches
Some commenters suggested that rather than conduct The Pilot Study will include an analysis of the Pilot Study, the CSA should use IIROC’s data, existing routing practices, but this information including historical data, to assess the routing practices will not be sufficient to establish a nexus of dealers and best execution policies that address how between fees and routing decisions. Existing routing decisions are made. One commenter routing practices are the result of interactions recommended studying IIROC’s data from May 2017 between marketplaces, brokers, and clients when the CSA introduced reduced fee caps for ETFs and constitute an equilibrium. A rebate and non-interlisted equities. prohibition will affect these interactions, such that we can study the behavioural changes and the new equilibrium. Relying on IIROC’s data from the introduction of the reduced fee caps will also prove insufficient to meet the
January 23, 2020 (2020), 43 OSCB 867
Notices
purpose of the Pilot Study for a number of reasons. In particular, most marketplaces reduced their fees gradually from 2015 through 2017 to prepare for the fee cap. During this time, two new marketplaces with drastically different structures, namely speedbumps, were introduced, making it impossible to isolate the effects of the fee cap on the markets.
One commenter suggested gradually reducing the A key component of the Pilot Study is the current fee cap across all securities, rather than control group of securities which serves as a proceeding with the Pilot Study. benchmark for changes in the treatment securities. A gradual reduction in the fee cap for all securities would be suboptimal due to the absence of a control group. A gradual reduction for the treatment group only would require that the Pilot Study be conducted over a very long time period. We expect that market participants would require several weeks to adjust behaviour as a result of each fee change, so that it will take time for each new equilibrium to emerge. Moreover, each adjustment imposes costs on market participants. Finally, a gradual roll out will make it impossible to coordinate meaningfully with the SEC Fee Pilot. We therefore believe that the single change is the best solution. In addition, the purpose of the Pilot Study is to study the impact of no rebate – i.e. the removal of the conflict of interest – to see whether the rebate drives behaviour. A gradual decrease does not measure or enable us to fulfil the primary purpose of the Pilot Study.
The view was expressed that even if the SEC Fee Pilot If the SEC Fee Pilot does not proceed, then does not move forward, the CSA should undertake the the CSA will not move forward with a Pilot Pilot Study with non-interlisted securities. Study of non-interlisted securities. We do not believe that we will be able to make meaningful policy decisions post-study when analyzing the impact of a rebate prohibition on only non-interlisted securities.
The Academics There is widespread support for the definition of The Academics will use the definition propose to medium-liquid securities. Some respondents indicate discussed in the 2018 RFC.1 The analysis will define a that the Pilot Study should be mindful of possible separate the highly liquid from the medium- security as industry biases. Some raised concerns that the liquid securities. Since the goal of the analysis medium-liquid medium-liquid securities may be too illiquid to warrant is to fully understand the impact of the rebate if it trades at analysis. prohibition, the Academics will carefully least 50 times a examine if further analysis is warranted. The day on average Academics are mindful of possible industry and more than biases, which they will control for both at the $50,000 on analysis stage and at the randomization average per stage. trading day over the past month. Do you believe that this definition is
1 A security is defined as “medium-liquid” if it trades on average at least 50 times a day and with an average trading value of at least $50,000 over the past month.
January 23, 2020 (2020), 43 OSCB 868
Notices
appropriate? If not, please provide an alternative definition and supporting data, if available, to illustrate which securities your definition captures.
The Academics Very few concerns were identified with the proposed The Academics will, where possible, maintain propose to staggered introduction of the Pilot Study. The the staggered introduction of the Pilot Study. introduce the predominant view was that the most important timing However, due to the likely limited lead time Pilot Study in consideration was to align the inclusion of interlisted between the announcement that the SEC Fee two stages, securities in the Pilot Study with the timing of the SEC Pilot will proceed and the implementation of with non- Fee Pilot. Partly as a result of this concern, some the SEC Fee Pilot, the Pilot Study will likely interlisted commenters suggested that the CSA conduct the non- proceed first with interlisted securities. We securities first, interlisted phase of the Pilot Study after the interlisted intend to provide market participants with as followed by securities phase is complete. Other commenters were much notice as is possible prior to interlisted concerned with ensuring that firms were given sufficient implementation of the first stage of the Pilot securities. Do lead time to prepare for the Pilot Study. Some Study. However, it is important that the you believe that commenters suggested a lead time of 90-120 days implementation of the Pilot Study be aligned such staggered between the issuance of orders that would implement with the timing of the SEC Fee Pilot. Given introduction the Pilot Study and the actual Pilot Study start date. the uncertainty regarding the SEC Fee Pilot, will cause we note that implementation timing may need material to be expedited. Non-interlisted securities and problems for ETPs will then be introduced into the Pilot the statistical Study three months after the introduction of analysis and interlisted securities. the results of the Pilot Study? One commenter was concerned that any major market The Academics note that the purpose of the If so, please event would skew the results such that comparability of staggered approach is precisely to avoid the describe your the two data sets would be compromised. That skewing of the results, and that a staggered concerns in commenter indicated that running a one-stage fee pilot approach allows a meaningful analysis even if detail. would ensure variables apply to both sets equally and there is a major market event. Specifically, a facilitate an easier implementation. major market event around the start of the Pilot Study hampers the ability to attribute observed changes to the Pilot Study. A staggered introduction substantially reduces this risk because the likelihood of a major market event occurring on both introduction dates is lower than on one date.
Several There was no consensus amongst comments received We are mindful of the costs and risks Canadian regarding the functioning of designated market maker associated with liquidity provision and believe marketplaces and liquidity programs under a rebate prohibition. that market makers play an important role in offer formal Comments range from forbidding incentives entirely to ensuring an orderly market. However, we are programs that leaving them materially unchanged. Several concerned that certain types of incentives can reward market commenters highlight the nuanced nature of liquidity inadvertently distort the Pilot Study and bias makers with provision incentives, which come in the form of: (a) data collection and analyses. As such, for the enhanced rebates available to all traders, (b) rebate supplements pilot securities in the no-rebate group, rebates rebates in for particular types of traders, and (c) monthly non- of types (a) and (b) are on their face return for rebate performance incentives. A number of comments considered to negatively impact the objective liquidity highlight that unchanged market maker incentives or of the Pilot Study. provision exceptions to market maker incentive programs could obligations. On lead to distortions. Other comments highlight that In the meantime, we believe that monthly non- the one hand, incentive schemes designed to apply only to the rebate performance incentives of type (c) that such programs treatment securities could create distortions. Some apply to registered market making activity are may benefit commenters indicated that liquidity provision involves less likely to directly interfere with order
January 23, 2020 (2020), 43 OSCB 869
Notices
liquidity. On the costly risk-taking and should be compensated routing. other hand, one commensurately. of the primary For clarity, the CSA intends to closely align its objectives of approach here with that taken by the SEC set the Pilot Study out at pages 77 through 83 of the Final Rule is to outlining the SEC Fee Pilot. Please see CSA understand if Notice 23-325 Trading Fee Rebate Pilot Study rebates cause for additional details. excessive intermediation. In your opinion, should exchanges be allowed to continue using rebates or similar arrangements for market making programs during the Pilot Study? Do you believe any constraints on such programs during the Pilot Study to be appropriate?
The Academics No commenters objected to the proposed time The Academics will examine a wider spectrum propose to horizons. Several commenters argue that price impacts of price impact horizons ranging from five compute price may depend on liquidity of the security and suggest milliseconds to five minutes. impacts at the either shorter or longer time horizons. one- and five- second horizons. Do you believe that they should consider other horizons? If so, which ones?
The Academics Most commenters were of the view that computing The Academics will compute this metric as propose to time-to-execution for limit orders posted at the CBBO is originally proposed. To provide a more compute time- sufficient, while one commenter indicated that comprehensive view, the Academics will also to-execution for improving these prices is also appropriate. consider order postings relative to the limit orders opposite side of the book. Specifically, they posted at the One commenter suggested it might be useful to will examine time to execution of limit orders CBBO prices or examine time-to-execution for CBBO +/- 1 and 2 price that improve the outstanding best quotes and improving levels either absolutely or relatively in order to therefore narrow spreads. these prices. determine any informational impact of limit orders off of Do you believe CBBO. that they should One commenter indicated that time to execution should consider only be computed against orders that are at, or different price improve, the CBBO on entry, or after the quote moves levels? If so, such that an order is now at the CBBO, since orders which ones? that are placed away from the CBBO can have very Please provide different intentions than those at, or improving, the supporting data CBBO on entry. and analysis, if
January 23, 2020 (2020), 43 OSCB 870
Notices
available, to demonstrate the empirical importance of order postings at other levels.
The Academics Commenters were generally supportive of the metrics The Academics will proceed with the metrics propose a proposed and some provided additional recommended that were originally proposed, as well as the number of metrics, including: following additional metrics proposed by the market quality • examining routing practices for marketable commenters: metrics. Do you orders; • routing practices for marketable believe that • measuring the level and breadth of liquidity orders; they should provision/participation and/or the • the level and breadth of liquidity consider diversification of passive liquidity; provision and diversification of additional • an examination of passive order placement passive liquidity; metrics? If so, and the opportunity cost of passive orders that • the opportunity cost of passive please outline are not filled; orders that are not filled; these metrics • measuring investable spread, which is the • investable spread; and and provide dollar cost of trading a standard size order; • the impact of the Pilot Study on supporting data • studying the impact of the Pilot Study on different types of orders. and analysis, if different types of orders; The Academics will also monitor unfilled available, to • tracking leakage of orders/trades to U.S. marketable orders. The Academics note that demonstrate markets (both on-marketplace and over-the- they will not be able to track the leakage of their empirical counter); and orders/trades to the U.S. or the trading costs importance. • computing impact costs at the level of the of parent orders as submitted by clients due to parent order. data restrictions, but they will use conventional methods to approximate the cost of parent orders as described in the 2018 RFC. The Academics also advise that they would be pleased to accept supplemental parent order data from market participants.
Other commenters highlighted shortcomings of the Due to the complexity of the market and the proposed metrics, expressing the view that it is not unpredictable nature of participant reactions clear how the market quality metrics proposed will be to the Pilot Study, the Academics have used to assess how a rebate prohibition addresses the advised that the metrics will not lead to areas of concern identified in the 2018 RFC. As a prescriptive statements of such nature as “If result, one commenter was concerned that the Pilot spreads decline by X, the CSA will conclude Study would not provide meaningful information to that rebates are harmful….” Rather, and as support policy decisions. noted above, the Pilot Study is designed to provide a comprehensive understanding of the current system of rebates and its effects on market quality.
In relation to Responses to this question were mixed and many The CSA recognizes that there are subtle ETP inclusion, commenters noted the inherent differences between intrinsic differences in the market structure of the Academics ETPs and corporate securities and agreed with the ETPs, e.g., those related to the contractual ask that market challenges of ETP inclusion set out in the 2018 RFC. arrangements of liquidity provision and ETP participants Some commenters provided specific suggestions or clientele. Since ETP trading involves both consider the considerations in relation to the selection of ETPs and electronic intermediaries and retail investors, following placement in the treatment and control groups. the CSA believes that these instruments questions: should be included in the Pilot Study. Given the challenges that Of those in favour of ETP inclusion, the most common The selection of ETPs in the sample will follow ETP matching views were that it would be difficult to draw meaningful a procedure similar to that described for presents, can conclusions about the impact of rebate prohibition on common equities in the 2018 RFC. To the goals of the ETPs by observing the effects of the Pilot Study on address respondents’ concerns and avoid Pilot Study be other securities and that exclusion of ETPs from the influencing investor preferences for similar achieved Pilot Study would require the CSA to extrapolate the ETPs, the Academics will use the underlying without results observed from other securities, creating a index as one of the criteria to assign ETPs including ETPs challenge for any future regulatory policy action. Others into the treatment and control groups. This
January 23, 2020 (2020), 43 OSCB 871
Notices
in the sample? noted that ETPs should be included in order to match methodology will avoid “picking winners and If ETP inclusion the design structure of the SEC Fee Pilot. losers” in similar products and is set out in is important, more detail in the Final Design Report. can you Of those against ETP inclusion, most noted the propose a way challenges of selecting matched pairs on an equitable to construct a basis and the potential for creating “winners” and matched “losers” amongst substitutable ETPs in the treatment sample that and control groups. Some commenters expressed the addresses view that liquidity provision in ETPs is not heavily concerns? dependent on rebates and that studying ETPs may not yield useful results.
A number of commenters suggested that the goals of the Pilot Study could be achieved without including ETPs partly on the basis that order routing behaviour for ETPs will be consistent with the routing of orders for other securities.
January 23, 2020 (2020), 43 OSCB 872
Notices
SCHEDULE 1
OUTREACH ON THE PILOT STUDY CONDUCTED TO DATE
Date Activity Participants
June 19, 2018 Discussion with TMX Group TMX Group
September 12, Capital Markets Academics Discuss “Canadian Securities Administrators General public 2018 Trading Fee Rebate Pilot Study”
Industry September- Academics conduct ad hoc consultations with industry October, 2018 Canadian Securities Traders Association
October 15, 2018 OSC Market Structure Advisory Committee (MSAC) MSAC
November 9, 2018 2018 Buy-Side Investment Management Association (BIMA) Fall Conference Buy-side firms
November 12, OSC Securities Advisory Committee (SAC) SAC 2018
November 15, Discussion with Nasdaq Nasdaq 2018
December 18, Design Report, Draft Model Order, and CSA Notice published for 45-day General public 2018 comment period
MSAC participants provided an opportunity to ask preliminary questions and January 10, 2019 MSAC provide preliminary comments on study
Notice published advising that comment period extended until March 1, 2019 January 17, 2019 General public (just under 75-day comment period)
Comments from the OSC’s Director of Market Regulation at the 16th Annual May 8, 2019 Industry TSX Equities Trading Conference with an opportunity to ask questions
January 23, 2020 (2020), 43 OSCB 873
Notices
1.2 Notices of Hearing 1.4 Notices from the Office of the Secretary
1.2.1 BDO Canada LLP – ss. 127, 127.1 1.4.1 MOAG Copper Gold Resources Inc. et al.
FILE NO.: 2018-59 FOR IMMEDIATE RELEASE January 16, 2020 IN THE MATTER OF BDO CANADA LLP MOAG COPPER GOLD RESOURCES INC., GARY BROWN and NOTICE OF HEARING BRADLEY JONES, Section 127 and Section 127.1 of File No. 2018-41 the Securities Act, RSO 1990, c S.5
TORONTO – The Commission issued its Reasons and PROCEEDING TYPE: Public Settlement Hearing Decision in the above named matter. HEARING DATE AND TIME: January 24, 2020 at 11:30 a.m.
LOCATION: 20 Queen Street West, 17th Floor, Toronto, A copy of the Reasons and Decision dated January 15, Ontario 2020 is available at www.osc.gov.on.ca. PURPOSE OFFICE OF THE SECRETARY The purpose of this hearing is to consider whether it is in GRACE KNAKOWSKI the public interest for the Commission to approve the SECRETARY TO THE COMMISSION Settlement Agreement dated January 20, 2020, between Staff of the Commission and BDO Canada LLP, in respect For Media Inquiries: of the Amended Statement of Allegations filed by Staff of the Commission dated September 16, 2019. [email protected]
REPRESENTATION For General Inquiries: 1-877-785-1555 (Toll Free) Any party to the proceeding may be represented by a [email protected] representative at the hearing.
FAILURE TO ATTEND
IF A PARTY DOES NOT ATTEND, THE HEARING MAY PROCEED IN THE PARTY’S ABSENCE AND THE PARTY WILL NOT BE ENTITLED TO ANY FURTHER NOTICE IN THE PROCEEDING.
FRENCH HEARING
This Notice of Hearing is also available in French on request of a party. Participation may be in either French or English. Participants must notify the Secretary’s Office in writing as soon as possible if the participant is requesting a proceeding be conducted wholly or partly in French.
AVIS EN FRANÇAIS
L'avis d'audience est disponible en français sur demande d’une partie, 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 dès que possible si le participant demande qu'une instance soit tenue entièrement ou partiellement en français.
Dated at Toronto this 21st day of January, 2020.
“Grace Knakowski” Secretary to the Commission
For more information
Please visit www.osc.gov.on.ca or contact the Registrar at [email protected].
January 23, 2020 (2020), 43 OSCB 874
Notices
1.4.2 Miner Edge Inc. et al. 1.4.3 BDO Canada LLP
FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE January 20, 2020 January 21, 2020
MINER EDGE INC., BDO CANADA LLP, MINER EDGE CORP. and File No. 2018-59 RAKESH HANDA, File No. 2019-44 TORONTO – The Office of the Secretary issued a Notice of Hearing for a hearing to consider whether it is in the public TORONTO – The Commission issued an Order in the interest to approve a settlement agreement entered into by above named matter. Staff of the Commission and BDO Canada LLP in the above named matter. A copy of the Order dated January 20, 2020 is available at www.osc.gov.on.ca. The hearing will be held on January 24, 2020 at 11:30 a.m. on the 17th floor of the Commission's offices located at 20 Queen Street West, Toronto. OFFICE OF THE SECRETARY GRACE KNAKOWSKI A copy of the Notice of Hearing dated January 21, SECRETARY TO THE COMMISSION 2020 is available at www.osc.gov.on.ca.
For Media Inquiries: OFFICE OF THE SECRETARY GRACE KNAKOWSKI [email protected] SECRETARY TO THE COMMISSION
For General Inquiries: For Media Inquiries:
1-877-785-1555 (Toll Free) [email protected] [email protected] For General Inquiries:
1-877-785-1555 (Toll Free) [email protected]
January 23, 2020 (2020), 43 OSCB 875
Notices
This page intentionally left blank
January 23, 2020 (2020), 43 OSCB 876
Chapter 2
Decisions, Orders and Rulings
2.1 Decisions
2.1.1 BMO Investments Inc.
Headnote
National Policy 11-203 – Existing and future investment funds granted exemption to invest in specified related UCITS ETFs only whose securities would meet the definition of index participation unit in NI 81-102 but for the fact that they are listed on the Irish Stock Exchange and admitted to trading on the London Stock Exchange – relief is subject to certain conditions and requirements including no synthetic ETFs and that each top fund will not invest more than 10% in any UCITS ETF and will not invest more than 20% in UCITS ETFs in aggregate.
Applicable Legislative Provisions
National Instrument 81-102 Investment Funds, ss. 2.5(2)(a), (a.1), (c), (c.1), (e), and 19.1.
July 13, 2018
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 BMO INVESTMENTS INC. (BMO)
DECISION
Background
The principal regulator in the Jurisdiction has received an application from BMO on behalf of each of the investment funds (the Funds) for which BMO or an affiliate (the Filer) acts or may in the future act as manager that are subject to National Instrument 81-102 Investment Funds (NI 81-102), for a decision under the securities legislation of the jurisdiction of the principal regulator (the Legislation) providing an exemption from paragraphs 2.5(2)(a), (a.1), (c), (c.1) and (e) of NI 81-102 to permit the Funds to invest in securities of existing and future investment funds affiliated to the Filer (the BMO UCITS ETFs) listed on the Irish Stock Exchange (ISE) and admitted to trading on the London Stock Exchange (LSE) that, but for the fact that they are listed on a stock exchange in Ireland and admitted to trading on a stock exchange in the United Kingdom and not on a stock exchange in Canada or the United States, would otherwise qualify as “index participation units” as defined in NI 81-102 (IPU) (the Exemption Sought).
BMO also requests that the Prior Decision (as defined below) be revoked and replaced with this decision (the Revocation).
Under the Process for Exemptive Relief Applications in Multiple Jurisdictions (for a passport application):
(a) the Ontario Securities Commission is the principal regulator for the application; and
(b) the Filer has provided notice that Subsection 4.7(1) of Multilateral Instrument 11-102 Passport System (MI 11- 102) is intended to be relied upon in each of British Columbia, Alberta, Saskatchewan, Manitoba, Québec,
January 23, 2020 (2020), 43 OSCB 877
Decisions, Orders and Rulings
New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Northwest Territories, Nunavut and Yukon (with Ontario, the Jurisdictions).
Interpretation
Terms defined in MI 11-102, National Instrument 14-101 Definitions and NI 81-102 have the same meanings if used in this decision unless otherwise defined.
Representations
This decision is based on the following facts represented by the Filer:
Prior Decision
1. The Filer was previously granted exemptive relief pursuant to a decision dated April 15, 2016, In the Matter of BMO Investments Inc. (the Prior Decision) from the requirement in paragraphs 2.5(2)(a), (a.1), (c), (c.1) and (e) of NI 81- 102 to permit the Funds to invest in securities of certain BMO UCITS ETFs that, but for the fact that they are listed on a stock exchange in Ireland and admitted to trading on a stock exchange in the United Kingdom and not on a stock exchange in Canada or the United States, would otherwise qualify as IPUs.
The Filer and the Funds
2. BMO is a corporation incorporated under the laws of Canada with its head office in Toronto, Ontario.
3. BMO is an indirect, wholly-owned subsidiary of Bank of Montreal.
4. BMO is registered as an investment fund manager in Ontario, Québec and Newfoundland and Labrador and as a mutual fund dealer in each of the Jurisdictions.
5. The Filer acts, or will act, as manager of each of the Funds.
6. Each Fund is, or will be, an investment fund under the laws of a Jurisdiction of Canada and a reporting issuer under the laws of some or all of the Jurisdictions.
7. Each Fund is, or will be, governed by NI 81-102, subject to any relief therefrom granted by the securities regulatory authorities.
8. The securities of each Fund are, or will be, qualified for distribution in some or all of the Jurisdictions under a prospectus or simplified prospectus.
9. Neither the Filer nor any of the existing Funds are in default of securities legislation in any of the Jurisdictions.
The BMO UCITS ETFs
10. Each Fund proposes, from time to time, to invest up to 10% of its net asset value in securities of a single BMO UCITS ETF. At no time will a Fund invest more than 20% of its net asset value in securities issued by BMO UCITS ETFs in aggregate.
11. Each BMO UCITS ETF is a sub-fund of BMO UCITS ETF ICAV (the BMO ICAV), an Irish collective asset-management vehicle constituted as an umbrella fund with segregated liability between sub-funds with registration number C139810 and authorised by the Central Bank of Ireland pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (the UCITS Regulations). Each BMO UCITS ETF is, or will be, subject to, and complies with, the UCITS Regulations.
12. Securities of each BMO UCITS ETF are listed on the ISE and admitted to trading on the LSE and each BMO UCITS ETF is an “investment fund” and a “mutual fund” within the meaning of applicable Canadian securities legislation. ISE listing was completed for the purpose of facilitating access to trading on the LSE, which is common practice in the industry.
13. The UK Financial Conduct Authority, in its role as the UK Listing Authority (UKLA), is the regulator for the LSE. The UKLA has the responsibility for overseeing the admission process to the LSE. The Central Bank of Ireland has regulatory oversight of the ISE.
January 23, 2020 (2020), 43 OSCB 878
Decisions, Orders and Rulings
14. The LSE is subject to substantially equivalent regulatory oversight to securities exchanges in Canada and the requirements to be complied with by the BMO UCITS ETFs in order to be admitted to trading on the LSE are consistent with the Toronto Stock Exchange listing requirements.
15. Each BMO UCITS ETF meets the definition of an “index mutual fund” under NI 81-102.
16. Securities of each BMO UCITS ETF would be IPUs within the meaning of NI 81-102, but for the fact that they are not traded on a stock exchange in Canada or the United States.
17. Each BMO UCITS ETF will either: (a) hold securities that are included in a specified widely-quoted market index in substantially the same proportion as those securities are reflected in that index; or (b) invest in a manner that causes the issuer to replicate the performance of that index.
18. F & C Management Limited (trading as BMO Global Asset Management (EMEA)), an affiliate of the Filer, is the promoter, investment manager and distributor of the BMO UCITS ETFs and has responsibility for the investment management, distribution and marketing of the BMO UCITS ETFs.
19. Affiliates of the Filer may be retained to act as investment advisors in respect of the BMO UCITS ETFs, which investment advisors remain subject to the oversight of F & C Management Limited (trading as BMO Global Asset Management (EMEA)).
20. F & C Management Limited, the investment manager and distributor of the BMO UCITS ETFs, being subject to regulatory oversight by the UK Financial Conduct Authority, is subject to substantially equivalent regulatory oversight to the Filer, the manager of the Funds, which is primarily regulated by the OSC.
21. The following third parties are involved in providing services in respect of the BMO UCITS ETFs:
(a) State Street Fund Services (Ireland) Limited is the administrator and secretary of the BMO ICAV (defined below) and provides administration services to the BMO ICAV;
(b) State Street Custodial Services (Ireland) Limited is the custodian of the BMO ICAV and provides safe custody for the BMO ICAV’s assets;
(c) Matheson serve as legal counsel to the BMO ICAV;
(d) Computershare Investor Services (Ireland) Limited is the registrar of the BMO UCITS ETFs and provides Euroclear registrar and transfer agency services in respect of the BMO ICAV in respect of each BMO UCITS ETF and paying agency and representation services in the United Kingdom via its associated company, Computershare Investor Services plc;
(e) State Street Bank Europe Limited is the hedging provider and provides share class currency hedging transaction services in respect of the BMO UCITS ETFs; and
(f) KPMG is the auditor of the BMO UCITS ETFs.
22. Each BMO UCITS ETF is regulated by the Central Bank of Ireland (CBI) and is subject to the following regulatory requirements and restrictions:
(a) Each BMO UCITS ETF is subject to a robust risk management framework through prescribed rules on governance, risk, regulation of service providers and safekeeping of assets.
(b) No BMO UCITS ETF is a “synthetic ETF”, meaning that no BMO UCITS ETF will principally rely on an investment strategy that makes use of swaps or other derivatives to gain an indirect financial exposure to the return of an index.
(c) Each BMO UCITS ETF is subject to investment restrictions designed to limit its holdings of illiquid securities to 10% or less of its net asset value.
(d) Each BMO UCITS ETF holds no more than 10% of its net asset value in securities of other investment funds, including other collective investment undertakings.
(e) A BMO UCITS ETF is subject to investment restrictions designed to limit holdings of transferrable securities which are not listed on a stock exchange or regulated market to 10% or less of the BMO UCITS ETF’s net asset value.
January 23, 2020 (2020), 43 OSCB 879
Decisions, Orders and Rulings
(f) To the extent a BMO UCITS ETF uses derivatives, any such use:
(1) would be subject to the oversight of, and require prior approval from, the CBI;
(2) would be subject to restrictions concerning the use of derivatives, including limits on counterparty risk and limits on increases to overall market risk resulting from the use of derivatives; and
(3) would have procedures in place relating to the use of derivatives and risk modelling of derivatives positions.
(g) No BMO UCITS ETF currently engages in securities lending activities.
(h) Each BMO UCITS ETF has a prospectus that discloses material facts and that is similar to the disclosure required to be included in a prospectus or simplified prospectus of a Fund.
(i) Each BMO UCITS ETF has a Key Investor Information Document (KIID) which contains disclosure similar to that required to be included in a fund facts document prepared under National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101).
(j) Each BMO UCITS ETF is subject to continuous disclosure obligations which are similar to the disclosure obligations under National Instrument 81-106 Investment Fund Continuous Disclosure.
(k) Each BMO UCITS ETF is required to update information of material significance in the prospectus and to prepare unaudited semi-annual reports and audited annual reports.
(l) Each BMO UCITS ETF has an investment manager that is subject to approval by the CBI permitting it to manage and provide portfolio management advice to the BMO UCITS ETFs.
23. Each index tracked by each BMO UCITS ETF is, or will be, transparent, in that the methodology for the selection and weighting of the index components is publicly available.
24. Details of the components of each index tracked by each BMO UCITS ETF, such as issuer name, ISIN and weighting within the index are, or will be, publicly available and updated from time to time.
25. Each index tracked by each BMO UCITS ETF includes sufficient component securities so as to be broad-based and is distributed and referenced sufficiently so as to be broadly utilized.
26. Each BMO UCITS ETF makes, or will make, the net asset value of its holdings available to the public through at least one price information system associated with the LSE. Each BMO UCITS ETF makes, or will make, its indicative net asset value available to the public on the website of its manager.
Investment by Funds in BMO UCITS ETFs
27. The investment objective and strategies of each Fund will be disclosed in each Fund’s prospectus or simplified prospectus.
28. The Funds will provide all disclosure mandated for investment funds investing in other investment funds.
29. There will be no duplication of management fees or incentive fees as a result of an investment in a BMO UCITS ETF.
30. The amount of loss that could result from an investment by a Fund in a BMO UCITS ETF will be limited to the amount invested by the Fund in such BMO UCITS ETF.
31. The majority of trading in securities of the BMO UCITS ETFs occurs in the secondary market rather than by subscribing or redeeming such securities directly from the BMO UCITS ETF.
32. As is the case with the purchase or sale of any other equity security made on an exchange, brokers are typically paid a commission in connection with trading in securities of exchange traded funds, such as the BMO UCITS ETFs.
33. Securities of the BMO UCITS ETFs are typically only directly subscribed or redeemed from a BMO UCITS ETF in large blocks and it is anticipated that many of the trades conducted by the Funds in BMO UCITS ETFs would not be the size necessary for a Fund to be eligible to directly subscribe for securities from the BMO UCITS ETF.
34. It is proposed that the Funds will purchase and sell securities of the BMO UCITS ETFs on the LSE.
January 23, 2020 (2020), 43 OSCB 880
Decisions, Orders and Rulings
35. Where a Fund purchases or sells securities of a BMO UCITS ETF in the secondary market it will pay commissions to brokers in connection with the purchase and sale of such securities.
36. There will be no duplication of fees payable by an investor in the Fund and the Filer will ensure that there are appropriate restrictions on sales fees and redemption charges for any purchase or sale of securities of a BMO UCITS ETF.
Rationale for Investment in BMO UCITS ETFs
37. A Fund is not permitted to invest in securities of a BMO UCITS ETF unless the requirements of subsection 2.5(2) of NI 81-102 are satisfied.
38. If the securities of a BMO UCITS ETF were IPUs within the meaning of NI 81-102, a Fund would be permitted by subsections 2.5(3), (4) and (5) of NI 81-102 to invest in securities of that BMO UCITS ETF.
39. Securities of each BMO UCITS ETF would be IPUs, but for the requirement in the definition of IPU that the securities be traded on a stock exchange in Canada or the United States.
40. The Filer considers that investments in a BMO UCITS ETF provide an efficient and cost effective way for the Funds to achieve diversification and obtain unique exposures to the markets in which such BMO UCITS ETFs invest.
41. The investment objectives and strategies of each Fund, which contemplate or will contemplate investment in global or international securities, permit or will permit the allocation of assets to global or international securities. As economic conditions change, the Funds may reallocate assets, including on the basis of asset class or geographic region. A Fund will invest in the BMO UCITS ETFs to gain exposure to certain unique strategies in global or international markets in circumstances where it would be in the best interests of the Fund to do so through exchange-traded funds rather than through investments in individual securities. For example, a Fund will invest in the BMO UCITS ETFs in circumstances where certain investment strategies preferred by the Fund are either not available or not cost effective to be implemented through investments in individual securities.
42. By investing in BMO UCITS ETFs, the Funds will obtain the benefits of diversification, which would be more expensive and difficult to replicate using individual securities. This will reduce single issuer risk.
43. Investment by a Fund in a BMO UCITS ETF meets, or will meet, the investment objectives of such Fund.
44. An investment by a Fund in securities of each BMO UCITS ETF will represent the business judgement of responsible persons uninfluenced by considerations other than the best interests of the Fund.
45. In the absence of the Exemption Sought:
(a) the investment restriction in paragraph 2.5(2)(a) of NI 81-102 would prohibit a Fund that is a mutual fund from purchasing or holding securities of the BMO UCITS ETFs because the BMO UCITS ETFs are not subject to NI 81-102 and NI 81-101 and, because IPUs are currently defined to be securities that are traded on a stock exchange in Canada or the United States only, a Fund would not be able to rely upon the IPU exemption set forth in paragraph 2.5(3)(a) of NI 81-102;
(b) the investment restriction in paragraph 2.5(2)(a.1) of NI 81-102 would prohibit a Fund that is a non- redeemable investment fund from purchasing or holding securities of the BMO UCITS ETFs unless the BMO UCITS ETFs are subject to NI 81-102 and, because IPUs are currently defined to be securities that are traded on a stock exchange in Canada or the United States only, a Fund would not be able to rely upon the IPU exemption set forth in paragraph 2.5(3)(a) of NI 81-102;
(c) the investment restriction in paragraph 2.5(2)(c) of NI 81-102 would prohibit a Fund that is a mutual fund from purchasing or holding securities of the BMO UCITS ETFs unless the BMO UCITS ETFs are reporting issuers in the local jurisdiction and, because IPUs are currently defined to be securities that are traded on a stock exchange in Canada or the United States only, a Fund would not be able to rely upon the IPU exemption in paragraph 2.5(3)(a) of NI 81-102;
(d) the investment restriction in paragraph 2.5(2)(c.1) of NI 81-102 would prohibit a Fund that is a non- redeemable investment fund from purchasing or holding securities of the BMO UCITS ETFs unless the BMO UCITS ETFs are reporting issuers in the local jurisdiction and, because IPUs are currently defined to be securities that are traded on a stock exchange in Canada or the United States only, a Fund would not be able to rely upon the IPU exemption in paragraph 2.5(3)(a) of NI 81-102; and
January 23, 2020 (2020), 43 OSCB 881
Decisions, Orders and Rulings
(e) the investment restriction in paragraph 2.5(2)(e) of NI 81-102 would prohibit a Fund from paying sales fees or redemption fees in relation to its purchases or redemptions of securities of the BMO UCITS ETFs because they are managed by the Filer or an affiliate or associate of the Filer and, because IPUs are currently defined to be securities that are traded on a stock exchange in Canada or the United States only, a Fund would not be able to rely upon the IPU exemption in paragraph 2.5(5) of NI 81-102. 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:
1. the Revocation is granted; and
2. the Exemption Sought is granted provided that:
(a) the investment by a Fund in securities of the BMO UCITS ETFs is in accordance with the fundamental investment objectives of the Fund;
(b) none of the BMO UCITS ETFs are synthetic ETFs, meaning that they will not principally rely on an investment strategy that makes use of swaps or other derivatives to gain an indirect financial exposure to the return of an index;
(c) the relief from paragraph 2.5(2)(e) of NI 81-102 only applies to brokerage fees payable in connection with the purchase or sale of securities of the BMO UCITS ETFs;
(d) the prospectus of each Fund that is relying on the Exemption Sought discloses the fact that the Fund has obtained relief to invest in the BMO UCITS ETFs and, in the case of a Fund that is a mutual fund, the matters required to be disclosed under NI 81-101 in respect of fund of fund investments, provided that:
(i) any Fund that is a mutual fund and in existence as of the date of this decision makes the required disclosure no later than the next time the simplified prospectus of the Fund is renewed after the date of this decision, and
(ii) any Fund that is a non-redeemable investment fund and in existence as of the date of this decision makes the required disclosure no later than the next time the annual information form of the Fund is filed after the date of this decision;
(e) the investment by a Fund in the BMO UCITS ETFs otherwise complies with section 2.5 of NI 81-102;
(f) a Fund does not invest more than 10% of its net asset value in securities issued by a single BMO UCITS ETF and does not invest more than 20% of its net asset value in securities issued by BMO UCITS ETFs in aggregate;
(g) a Fund shall not acquire any additional securities of a BMO UCITS ETF, and shall dispose of any securities of a BMO UCITS ETF then held, within six months, in the event the regulatory regime applicable to the BMO UCITS ETF is changed in any material way; and
(h) the Exemption Sought will terminate six months after the coming into force of any amendments to paragraphs 2.5(a), (a.1), (c), (c.1) or (e) of NI 81-102 that further restrict or regulate a Fund's ability to invest in the BMO UCITS ETFs.
“Darren McKall” Manager, Investment Funds and Structured Products Branch Ontario Securities Commission
January 23, 2020 (2020), 43 OSCB 882
Decisions, Orders and Rulings
2.1.2 Frontenac Mortgage Investment Corporation by the Filer:
Headnote 1. The Filer is a reporting issuer in each of the Jurisdictions and is not in default of securities National Policy 11-203 Process for Exemptive Relief legislation in any of the Jurisdictions. Applications in Multiple Jurisdictions – Relief granted to mutual fund for extension of lapse date of prospectus for 70 days – 2. Common shares of the Filer are qualified for Extension of lapse date will not affect the current status or distribution in each of the Jurisdictions on a accuracy of the information contained in the prospectus. continuous monthly basis under the Current Prospectus. The Filer has historically distributed Applicable Legislative Provisions its securities on a continuous monthly basis pursuant to long-form prospectuses on Form 41- Securities Act, R.S.O. 1990, c. S.5, as am., s. 62(5). 101F2 which were renewed annually.
January 17, 2020 3. The lapse date of the Current Prospectus is January 21, 2020 (the “Lapse Date”). IN THE MATTER OF THE SECURITIES LEGISLATION OF 4. The Filer has been in discussions with OSC Staff ONTARIO relating to the terms and conditions of the Filer’s (the “Jurisdiction”) transition from oversight by the Investment Funds and Structured Products branch of the OSC as an AND investment fund issuer to oversight by the Corporate Finance branch of the OSC as a IN THE MATTER OF corporate issuer (the “Transition”). THE PROCESS FOR EXEMPTIVE RELIEF 5. Pursuant to the Legislation, in order to ensure that APPLICATIONS the Filer’s common shares are distributed on a IN MULTIPLE JURISDICTIONS continuous monthly basis in the Jurisdictions,
uninterrupted, the Filer must file a prospectus in AND Form 41-101F1 for which a receipt is issued by
the Jurisdictions on or before January 21, 2020. IN THE MATTER OF FRONTENAC MORTGAGE INVESTMENT CORPORATION 6. The Filer is seeking the Requested Relief in order (the “Filer”) to allow it to complete the Transition such that it can continue to offer its common shares on a DECISION continuous monthly basis, uninterrupted, in the Jurisdictions pursuant to a final prospectus in The principal regulator in the Jurisdiction has received an Form 41-101F1. application from the Filer for a decision under the securities legislation of the Jurisdiction of the principal regulator 7. There have been no material changes in the (“Legislation”) that the time limits pertaining to filing the affairs of the Filer since the date of the Current renewal prospectus of the Filer dated January 21, 2019 Prospectus. Accordingly, the Current Prospectus (the “Current Prospectus”) be extended as if the lapse represents the current information of the Filer. date was March 31, 2020 (the “Requested Relief”). 8. Given the disclosure obligations of the Filer, Under the Process for Exemptive Relief Applications in should any material changes occur, the Current Multiple Jurisdictions (for a passport application): Prospectus of the Filer will be amended as required under the Legislation. (a) the Ontario Securities Commission (“OSC”) is the principal regulator for this application, and 9. The Requested Relief will not affect the accuracy of the information contained in the Current (b) The Filer has provided notice that Section 4.7(1) of Prospectus and therefore will not be prejudicial to Multilateral Instrument 11-102 – Passport System is the public interest. intended to be relied upon in each of British Columbia, Alberta, Saskatchewan and Manitoba Decision (together with Ontario, the “Jurisdictions”). The principal regulator is satisfied that the decision meets Interpretation the test set out in the Legislation for the principal regulator to make the decision. Terms defined in National Instrument 14-101 – Definitions have the same meaning if used in this decision, unless The decision of the principal regulator under the Legislation otherwise defined. is that the Requested Relief is granted.
Representations “Neeti Varma” Manager, Investment Funds and Structured Products The decision is based on the following facts as represented Ontario Securities Commission
January 23, 2020 (2020), 43 OSCB 883
Decisions, Orders and Rulings
2.1.3 Capital International Asset Management (b) paragraph 2.5(2)(c) of NI 81-102, which prohibits a (Canada), Inc. mutual fund from investing in another investment fund unless the other investment fund is a Headnote reporting issuer in a jurisdiction,
National Policy 11-203 Process for Exemptive Relief in order to permit the Capital Fund to invest up to 10 Applications in Multiple Jurisdictions – Existing and future percent of its net assets in Capital Group Global High mutual funds subject to NI 81-102 granted relief to invest Income Opportunities (LUX) (the Underlying Fund) (the up to 10% of net assets in underlying Luxembourg fund Requested Relief). subject to UCITS rules. Under the Process for Exemptive Relief Applications in Applicable Legislative Provisions Multiple Jurisdictions (for a passport application):
National Instrument 81-102 Investment Funds – ss. (a) the Ontario Securities Commission is the principal 2.5(2)(a) and 2.5(2)(c) and 19.1. regulator for this application; and
(b) the Filer has provided notice that subsection 4.7(1) of January 13, 2020 Multilateral Instrument 11-102 Passport System (MI
11-102) is intended to be relied upon in each of the IN THE MATTER OF other provinces and territories of Canada (together THE SECURITIES LEGISLATION OF with Ontario, the Jurisdictions). ONTARIO (the Jurisdiction) Interpretation
AND Terms defined in NI 81-102, National Instrument 14-101 Definitions, and MI 11-102 have the same meaning if used IN THE MATTER OF in this decision, unless otherwise defined. THE PROCESS FOR EXEMPTIVE RELIEF APPLICATIONS Representations IN MULTIPLE JURISDICTIONS This decision is based on the following facts represented by AND the Filer:
IN THE MATTER OF The Filer CAPITAL INTERNATIONAL ASSET MANAGEMENT (CANADA), INC. 1. The Filer is a corporation amalgamated under the (the Filer) laws of Ontario with its head office in Toronto, Ontario. DECISION 2. The Filer is a wholly-owned subsidiary of Capital Background Group International, Inc. (Capital Group), a global investment management firm. The principal regulator in the Jurisdiction has received an application from the Filer for a decision under the securities 3. The Filer will be the investment fund manager of legislation of the Jurisdiction of the principal regulator (the the Capital Fund. The Filer is registered as an Legislation), pursuant to section 19.1 of National investment fund manager in Ontario, Québec and Instrument 81-102 Investment Funds (NI 81-102), Newfoundland and Labrador, as an adviser in the exempting Capital Group Monthly Income Portfolio category of portfolio manager in Ontario, and as a (Canada) (the Capital Fund) from the requirements in: dealer in the category of exempt market dealer in Alberta, British Columbia, Nova Scotia, Ontario (a) paragraph 2.5(2)(a) of NI 81-102, which prohibits and Québec. a mutual fund, other than an alternative mutual fund, from investing in another investment fund 4. The Filer will be the portfolio manager of the unless either of the following applies: (i) the other Capital Fund and Capital Research and investment fund is a mutual fund, other than an Management Company will be appointed as the alternative mutual fund, that is subject to NI 81- sub-advisor in respect of the Capital Fund. 102; (ii) the other investment fund is an alternative mutual fund or a non-redeemable investment fund 5. The Filer is not in default of securities legislation in that is subject to NI 81-102 and, at the time of the any of the Jurisdictions. purchase of that security, the investment fund holds no more than 10% of its net asset value in The Capital Fund securities of alternative mutual funds and non- 6. The Capital Fund will be an open-end mutual fund redeemable investment funds; and trust created under the laws of the Province of Ontario.
January 23, 2020 (2020), 43 OSCB 884
Decisions, Orders and Rulings
7. The Capital Fund will be subject to the provisions Commission de Surveillance du Secteur Financier, of NI 81-102 and will be a reporting issuer under that contains disclosure regarding the Underlying the laws of the Jurisdictions. The securities of the Fund. The Underlying Fund is a conventional Capital Fund will be qualified for distribution mutual fund and would not be considered a hedge pursuant to a simplified prospectus, Fund Facts fund. The Underlying Fund does not invest more and annual information form that will be prepared than 10% of its net asset value in other investment and filed in accordance with National Instrument funds. 81-101 Mutual Fund Prospectus Disclosure (NI 81-101). The Filer expects to file the preliminary 15. The investment objective of the Underlying Fund simplified prospectus, Fund Facts and annual is to seek a long-term high level of total return information form for the Capital Fund on or about through investment primarily in high yield January 31, 2020. corporate bonds and emerging market government bonds that are usually listed or traded 8. The investment objective of the Capital Fund is to on other regulated markets and denominated in seek to generate income, along with conservation various national currencies (including emerging of capital and long-term growth of capital. The markets currencies) or multinational currencies. investment strategies will allow investment Unlisted high yield bonds may also be purchased. primarily in equity and debt securities issued by The Underlying Fund’s investment strategy and companies and governments around the world, objective make it a suitable investment for the primarily through investments in underlying funds. Capital Fund. The Filer has determined that it would be in the best interests of the Capital Fund to have the 16. In order for the Capital Fund to achieve its ability to invest up to 10% of its net assets in investment objective on a diversified basis and securities of the Underlying Fund. obtain broad exposure to the sectors it proposes to invest in, including global high yield exposure, it The Underlying Fund is desirable that it be permitted to allocate up to 10% of net assets to the Underlying Fund. 10. The Underlying Fund is distributed in certain European countries pursuant to the EU Council 17. Absent the Requested Relief, an investment by Directive 2009/65/EC of 13 July 2009 on the the Capital Fund in the Underlying Fund would be Coordination of Laws, Regulations and prohibited by sections 2.5(2)(a) and 2.5(2)(c) of NI Administrative Provisions relating to Undertakings 81-102 because the Underlying Fund is not for Collective Investment in Transferable subject to NI 81-102 and is not a reporting issuer Securities (UCITS), as amended (the EU in a jurisdiction. Directives). 18. The Filer submits that it is not desirable to invest 11. The Underlying Fund is a sub-fund of Capital directly in the securities in which the Underlying International Fund SICAV (CIF). CIF is an open- Fund invests, because, given the Top Fund’s ended investment company that qualifies as a limited proposed investment in the Underlying Société d'Investissment à Capital Variable Fund, it would be more efficient from a trading (SICAV) governed by the laws of Luxembourg. costs and liquidity perspective to invest in The Underlying Fund is registered as a UCITS securities of the Underlying Fund rather than under the EU Directives. directly in the various securities in which the Underlying Fund invests. 12. Capital International Management Company Sàrl (CIMC) is the manager of CIF. CIMC is a wholly- 19. The Capital Fund will otherwise comply fully with owned indirect subsidiary of Capital Group. and as section 2.5 of NI 81-102 in investing in the of October 31, 2019, CIMC managed Underlying Fund and will provide all disclosure approximately USD 16.6 billion. As of October 31, mandated for mutual funds investing in other 2019, the Underlying Fund had USD 956.8 million mutual funds. of assets under management. 20. For the reasons provided above, the Filer submits 13. The Underlying Fund is subject to investment that it would not be prejudicial to the public interest restrictions and practices under the laws of to grant the Requested Relief to the Capital Fund. Luxembourg that are applicable to mutual funds that are sold to the general public and is a Decision regulated investment fund authorized as a UCITS. Thus, the Underlying Fund is subject to The principal regulator is satisfied that the decision meets investment restrictions and practices that are the test set out in the Legislation for the principal regulator substantially similar to those applicable to the to make the decision. Capital Fund, including NI 81-102. The decision of the principal regulator under the Legislation 14. The Underlying Fund has filed a prospectus with is that the Requested Relief is granted provided that: Luxembourg’s financial sector regulator,
January 23, 2020 (2020), 43 OSCB 885
Decisions, Orders and Rulings
i. the Underlying Fund is subject to 2.1.4 Franklin Templeton Investments Corp. investment restrictions and practices under the laws of Luxembourg that are Headnote applicable to mutual funds that are sold to the general public and is a regulated National Policy 11-203 Process for Exemptive Relief investment fund authorized as a UCITS; Applications in Multiple Jurisdictions – Relief granted to open-ended mutual fund trusts for extensions of the lapse ii. the Capital Fund will otherwise comply date of their prospectus – Filer will incorporate offering of fully with section 2.5 of NI 81-102 in its the mutual funds under the same offering documents as investment in the Underlying Fund and related family of funds when they are renewed – Extension will provide all disclosure mandated for of lapse date will not affect the accuracy of the information investment funds investing in other contained in the current prospectus. investment funds. Specifically, the investment by the Capital Fund in the Applicable Legislative Provisions Underlying Fund will be disclosed in the simplified prospectus of the Capital Fund; Securities Act, R.S.O. 1990, c. S.5, as am., s. 62(5).
iii. the Capital Fund will not purchase December 20, 2019 securities of the Underlying Fund if, immediately after the purchase, more IN THE MATTER OF than 10 percent of its net assets, taken at THE SECURITIES LEGISLATION OF market value at the time of the ONTARIO investment, would consist of investments (the Jurisdiction) in the Underlying Fund; and AND iv. if the laws applicable to the Underlying Fund that are, as at the date of this IN THE MATTER OF decision, substantially similar to Part 2 of THE PROCESS FOR EXEMPTIVE RELIEF NI 81-102 change in a manner that is APPLICATIONS materially inconsistent with Part 2 of NI IN MULTIPLE JURISDICTIONS 81-102, the Capital Fund shall not acquire any additional securities of the AND Underlying Fund, and shall dispose of the securities of the Underlying Fund then IN THE MATTER OF held in an orderly and prudent manner. FRANKLIN TEMPLETON INVESTMENTS CORP. (the Filer)
“Neeti Varma” AND Manager
Investment Funds and Structured Products Branch IN THE MATTER OF Ontario Securities Commission THE FUNDS LISTED IN SCHEDULE A HERETO
(the Funds)
DECISION
Background
The principal regulator in the Jurisdiction has received an application from the Filer on behalf of the Funds for a decision under the securities legislation of the Jurisdiction of the principal regulator (the Legislation) that the time limits for the renewal of the simplified prospectuses of the Funds dated February 13, 2019, May 1, 2019 and May 28, 2019 be extended to the time limits that would apply if the lapse date of the simplified prospectuses of the Funds was June 30, 2020 (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
January 23, 2020 (2020), 43 OSCB 886
Decisions, Orders and Rulings
(b) the Filer has provided notice that subsection the distribution of securities of each of the Funds 4.7(1) of Multilateral Instrument 11-102 Passport would have to cease on its applicable Current System (MI 11-102) is intended to be relied upon Lapse Date unless: (i) the Fund files a pro forma in each of the other provinces and territories of simplified prospectus at least 30 days prior to its Canada (together with Ontario, the Current Lapse Date; (ii) the final simplified Jurisdictions). prospectus is filed no later than 10 days after its Current Lapse Date; and (iii) a receipt for the final Interpretation simplified prospectus is obtained within 20 days after its Current Lapse Date. Terms defined in National Instrument 14-101 – Definitions and MI 11-102 have the same meaning if used in this 8. The Filer wishes to combine the Current decision, unless otherwise defined. Prospectuses in order to reduce renewal, printing and related costs. Offering the Funds under the Representations same renewal simplified prospectus and annual information form (the “Consolidated Prospectus Documents”) would facilitate the distribution of This decision is based on the following facts represented by the Funds in the Jurisdictions under the same the Filer: prospectus and will ensure that the Filer can make
the operational and administrative features of the 1. The Filer is a corporation governed by the laws of Funds consistent with each other, if necessary. Ontario with its head office in Toronto, Ontario. 9. The Filer desires to extend the lapse date of all 2. The Filer is registered as an investment fund three prospectuses in order to move the renewal manager in Ontario, Quebec, Alberta, British timeframe to a more administratively beneficial Columbia, Manitoba, Nova Scotia and date. Establishing a uniform disclosure timeline for Newfoundland and Labrador, as a mutual fund the Funds will permit the Filer to streamline dealer, portfolio manager and exempt market operations and disclosure across the Filer’s fund dealer in each province of Canada and the Yukon, platform. and as a commodity trading manager in Ontario. 10. The Filer believes that June 30, 2020 is an 3. The Filer is the investment fund manager of each administratively beneficial lapse date, as it allows of the Funds and the trustee of those Funds that the Filer to create a more optimal and consistent are organized as trusts. workload for its personnel in respect of the work required to prepare and file the prospectuses (and 4. Neither the Filer nor any of the Funds is in default related documents) and the continuous disclosure of securities legislation in any of the Jurisdictions. materials of the Funds.
5. Each of the Funds is an open-ended mutual fund 11. Given that two of the Current Lapse Dates are in trust established under the laws of Ontario or a May, 2020, an extension of the Current Lapse class of a mutual fund corporation established Dates to June 30, 2020 is minimal and is not under the laws of Alberta or a mutual fund disadvantageous to the Funds’ investors. corporation established under the laws of Canada. Each of the Funds is a reporting issuer in each of 12. The Funds share many common operational and the Jurisdictions, unless otherwise noted in administrative features and combining those Schedule A. Funds in the same simplified prospectus will allow investors to more easily compare the features of 6. Securities of the Funds are currently qualified for the Funds. distribution in each of the Jurisdictions under the current simplified prospectuses respectively dated: 13. If the Requested Relief is not granted, it will be (i) February 13, 2019, as amended by amendment necessary to renew three separate sets of no. 1 dated April 22, 2019 (the “February 13 prospectus documents for the Funds twice within Prospectus”); (ii) May 1, 2019 (the “May 1 a short period of time in order to consolidate the Prospectus”); and (iii) May 28, 2019, as amended prospectus documents and establish a uniform by amendment no. 1 dated June 17 2019, filing timeline for the Funds, and it would be amendment no. 2 dated June 25, 2019 and unreasonable for the Filer to incur the costs and amendment no. 3 dated September 3, 2019 (the expenses associated therewith, given investors “May 28 Prospectus” and collectively, the would not be prejudiced by the Requested Relief. “Current Prospectuses”). 14. There have been no material changes in the 7. The lapse dates for the Current Prospectuses are affairs of the Funds since the date of the Current February 13, 2020, May 1, 2020 and May 28, Prospectuses, other than as amended. 2020 respectively (collectively, the “Current Accordingly, the Current Prospectuses and the Lapse Dates”). Accordingly, under the Legislation,
January 23, 2020 (2020), 43 OSCB 887
Decisions, Orders and Rulings
current fund facts document(s) for each of the Schedule A Funds continue to provide accurate information regarding the Funds. The Funds
15. Given the disclosure obligations of the Filer and Simplified Prospectus dated February 13, 2019 the Funds, should any material change in the Franklin Core ETF Portfolio business, operations or affairs of the Funds occur, Franklin Growth ETF Portfolio the Current Prospectuses and current fund facts Franklin Conservative Income ETF Portfolio document(s) of the applicable Fund(s) will be amended as required under the Legislation. Simplified Prospectus dated May 1, 2019 Franklin Canadian Core Equity Fund† † 16. New investors of the Funds will receive delivery of Franklin U.S. Core Equity Fund † the most recently filed fund facts document(s) of Franklin International Core Equity Fund † the applicable Fund(s). The Current Prospectus Franklin Emerging Markets Core Equity Fund will remain available to investors upon request. † These funds are only reporting issuers in Alberta and Ontario 17. The Requested Relief will not affect the accuracy
of the information contained in the Current Simplified Prospectus dated May 28, 2019 Prospectuses or the respective fund facts Templeton EAFE Developed Markets Fund document(s) of each of the Funds, and will Templeton Emerging Markets Fund therefore not be prejudicial to the public interest. Templeton Emerging Markets Corporate Class* Templeton Global Balanced Fund Decision Templeton Global Bond Fund Templeton Global Bond Fund (Hedged) The principal regulator is satisfied that the decision meets Templeton Global Smaller Companies Fund the test set out in the Legislation for the principal regulator Templeton Global Smaller Companies Corporate Class* to make the decision. Templeton Growth Fund, Ltd.** Templeton Growth Corporate Class* The decision of the principal regulator under the Legislation Templeton International Stock Fund is that the Requested Relief is granted. Templeton International Stock Corporate Class* Franklin Global Growth Fund “Neeti Varma” Franklin Global Growth Corporate Class* Manager, Investment Funds and Structured Products Franklin High Income Fund Branch Franklin Strategic Income Fund Ontario Securities Commission Franklin U.S. Monthly Income Fund Franklin U.S. Monthly Income Corporate Class* Franklin U.S. Monthly Income Hedged Corporate Class* Franklin U.S. Opportunities Fund Franklin U.S. Opportunities Corporate Class* Franklin U.S. Rising Dividends Fund Franklin U.S. Rising Dividends Corporate Class* Franklin U.S. Rising Dividends Hedged Corporate Class* Franklin Bissett Canadian Balanced Fund Franklin Bissett Canadian Balanced Corporate Class* Franklin Bissett Canadian Bond Fund Franklin Bissett Canadian Dividend Fund Franklin Bissett Canadian Dividend Corporate Class* Franklin Bissett Canada Plus Equity Fund Franklin Bissett Canadian Equity Fund Franklin Bissett Canadian Equity Corporate Class* Franklin Bissett Canadian Government Bond Fund Franklin Bissett Core Plus Bond Fund Franklin Bissett Corporate Bond Fund Franklin Bissett Dividend Income Fund Franklin Bissett Dividend Income Corporate Class Franklin Bissett Money Market Fund Franklin Bissett Money Market Corporate Class* Franklin Bissett Monthly Income and Growth Fund Franklin Bissett Short Duration Bond Fund Franklin Bissett Small Cap Fund Franklin ActiveQuant Canadian Fund Franklin ActiveQuant Canadian Corporate Class*
January 23, 2020 (2020), 43 OSCB 888
Decisions, Orders and Rulings
Franklin ActiveQuant U.S. Fund Franklin ActiveQuant U.S. Corporate Class* Franklin Mutual Global Discovery Fund Franklin Mutual Global Discovery Corporate Class* Franklin Quotential Balanced Growth Portfolio Franklin Quotential Balanced Growth Corporate Class Portfolio* Franklin Quotential Balanced Income Portfolio Franklin Quotential Balanced Income Corporate Class Portfolio* Franklin Quotential Diversified Equity Portfolio Franklin Quotential Diversified Equity Corporate Class Portfolio* Franklin Quotential Diversified Income Portfolio Franklin Quotential Diversified Income Corporate Class Portfolio* Franklin Quotential Growth Portfolio Franklin Quotential Growth Corporate Class Portfolio* FT Balanced Growth Private Wealth Pool FT Balanced Income Private Wealth Pool FT Growth Private Wealth Pool
* each a class of shares of securities of Franklin Templeton Corporate Class Ltd., a mutual fund corporation. ** a mutual fund corporation.
January 23, 2020 (2020), 43 OSCB 889
Decisions, Orders and Rulings
2.1.5 Vertex One Asset Management Inc. et al.
Headnote
National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – approval of investment fund mergers – approval required because mergers do not meet the criteria for pre-approved reorganizations and transfers in National Instrument 81-102 Investment Funds – manager of the continuing fund is not an affiliate of the manager of the terminating funds – certain terminating funds and continuing funds do not have substantially similar fundamental investment objectives – fee structure of the continuing funds will be substantially different from the terminating funds – the mergers will not be a “qualifying exchange” or a tax-deferred transaction under the Income Tax Act (Canada) – certain terminating fund is not a reporting issuer in any jurisdiction – mergers otherwise comply with pre-approval criteria, including securityholder vote, IRC approval – securityholders of all funds provided with timely and adequate disclosure regarding the mergers.
Applicable Legislative Provisions
National Instrument 81-102 Investment Funds, ss. 5.5(1)(a), 5.5(1)(b) and 19.1(2).
December 13, 2019
IN THE MATTER OF THE SECURITIES LEGISLATION OF BRITISH COLUMBIA AND ONTARIO (the Jurisdictions)
AND
IN THE MATTER OF THE PROCESS FOR EXEMPTIVE RELIEF APPLICATIONS IN MULTIPLE JURISDICTIONS
AND
IN THE MATTER OF VERTEX ONE ASSET MANAGEMENT INC. (the Filer)
AND
VERTEX VALUE FUND VERTEX ENHANCED INCOME FUND VERTEX GROWTH FUND VERTEX FUND VERTEX MANAGED VALUE PORTFOLIO (THE VERTEX MANAGED FUNDS)
DECISION
Background
¶ 1 The securities regulatory authority or regulator in each of the Jurisdictions (Decision Maker) has received an application from the Filer for a decision under the securities legislation of the Jurisdictions (the Legislation) for approval under subsections 5.5(1)(a) and 5.5(1)(b) of National Instrument 81-102 Investment Funds (NI 81-102), of the change in manager of the Vertex Managed Funds from the Filer to PenderFund Capital Management Ltd. (Pender) (the Change of Manager), and the proposed merger (the Merger) of the Vertex Growth Fund and the Vertex Fund (the Terminating Funds) into the Vertex Enhanced Income Fund (the Continuing Fund) (the Exemption Sought).
Under the Process for Exemptive Relief Applications in Multiple Jurisdictions (for a dual application):
(a) the British Columbia Securities Commission is the principal regulator for this application;
(b) the Filer has provided notice that section 4.7(1) of Multilateral Instrument 11-102 Passport System (MI 11-102) is intended to be relied upon in each of the other provinces and territories of Canada except Ontario and Québec; and
January 23, 2020 (2020), 43 OSCB 890
Decisions, Orders and Rulings
(c) the decision is the decision of the principal regulator and evidences the decision of the securities regulatory authority or regulator in Ontario.
Interpretation
¶ 2 Terms defined in National Instrument 14-101 Definitions or MI 11-102 have the same meanings if used in this decision, unless otherwise defined herein.
Representations
¶ 3 This decision is based on the following facts represented by the Filer:
Vertex One Asset Management Inc.
1. the Filer is a corporation incorporated under the laws of Canada with its head office located at suite 3200- 1021 West Hastings Street, Vancouver, British Columbia, V6E 0C3;
2. the Filer is registered as: (i) an investment fund manager in each of the provinces of Canada; (ii) a portfolio manager in each of the provinces of Canada, other than Newfoundland and Labrador and Québec; and (iii) an exempt market dealer in each of the provinces of Canada, other than Newfoundland and Labrador, and such registrations have not been cancelled or revoked;
3. the Filer is the manager and portfolio manager of each of the Vertex Managed Funds; the Filer may appoint third party sub-advisers to the Vertex Managed Funds;
4. the Filer is not in default of securities legislation in any jurisdiction;
5. the Filer offers discretionary portfolio management services to individuals, institutions and other entities seeking wealth management or related services;
Vertex Value Fund, Vertex Enhanced Income Fund and Vertex Growth Fund
6. the Vertex Value Fund, Vertex Enhanced Income Fund and Vertex Growth Fund (the Vertex Public Funds) are mutual fund trusts established under the laws of British Columbia under a master trust agreement dated September 14, 2009, as amended and restated on April 30, 2010 between the Filer and RBC Dexia Investor Services Trust (RBC Dexia); on October 5, 2012, the Filer and CIBC Mellon Trust Company (CIBC Mellon) entered into an amending agreement whereby CIBC Mellon was appointed as trustee of the Vertex Public Funds, replacing RBC Dexia;
7. any securities issued by the Vertex Public Funds have been sold to investors in accordance with applicable securities legislation;
8. the Vertex Public Funds currently offer two classes of units, Class B units and Class F units;
9. the Vertex Public Funds are reporting issuers in all of the provinces and territories of Canada, other than Québec;
10. the Vertex Public Funds are not in default of securities legislation in any jurisdiction;
11. securities of the Vertex Public Funds are offered under a simplified prospectus, annual information form and fund facts documents dated June 28, 2019, as amended by Amendment No. 1 dated September 5, 2019 and Amendment No. 2 dated October 21, 2019;
Vertex Fund
12. the Vertex Fund is an unincorporated open end investment trust formed under the laws of British Columbia on December 3, 2001; the Vertex Fund is governed by an amended and restated trust agreement made as of April 27, 2010 between the Filer and Computershare Trust Company of Canada (Computershare), as amended by an amending agreement made as of October 5, 2012 between the Filer and CIBC Mellon whereby CIBC Mellon was appointed as trustee of the Vertex Fund, replacing Computershare;
January 23, 2020 (2020), 43 OSCB 891
Decisions, Orders and Rulings
13. any securities issued by the Vertex Fund have been, and will continue to be, sold solely to investors under exemptions from the prospectus requirements in accordance with National Instrument 45-106 Prospectus Exemptions (NI 45-106);
14. the Vertex Fund currently offers three classes of units, Class A units, Class B units and Class F units;
15. the Vertex Fund is not, nor will it become, a reporting issuer in Canada;
16. the Vertex Fund is not in default of securities legislation in any jurisdiction;
17. securities of the Vertex Fund are offered on a prospectus exempt basis under an offering memorandum dated October 24, 2019;
Vertex Managed Value Portfolio
18. the Vertex Managed Value Portfolio, formerly known as the Vertex Balanced Fund, is an unincorporated open end investment trust which was formed under the laws of British Columbia on March 31, 1998; the Vertex Managed Value Portfolio is governed by an amended and restated trust agreement made as of June 1, 2007 between the Filer and RBC Dexia; on October 5, 2012, the Filer and CIBC Mellon entered into an amending agreement whereby CIBC Mellon was appointed as trustee of the Vertex Managed Value Portfolio, replacing RBC Dexia;
19. any securities issued by the Vertex Managed Value Portfolio have been, and will continue to be, sold solely to investors under exemptions from the prospectus requirements in accordance with NI 45-106;
20. the Vertex Managed Value Portfolio currently offers three classes of units, Class A units, Class B units and Class F units;
21. the Vertex Managed Value Portfolio is not, nor will it become, a reporting issuer in Canada;
22. the Vertex Managed Value Portfolio is not in default of securities legislation in any jurisdiction;
23. securities of the Vertex Managed Value Portfolio are offered on a prospectus exempt basis under an offering memorandum dated October 24, 2019;
Pender
24. Pender is a corporation incorporated under the laws of British Columbia with its head office located at Suite 1830, 1066 West Hastings Street Vancouver, BC, V6E 3X1;
25. Pender is registered as: (i) an investment fund manager in British Columbia, Ontario, Québec and Newfoundland and Labrador; (ii) a portfolio manager in British Columbia; and (iii) an exempt market dealer in British Columbia, Alberta, Manitoba, Ontario and Quebec;
26. Pender is not in default of the securities legislation in any jurisdiction;
27. Pender is currently the manager of the PenderFund Group of mutual funds, consisting of the Pender Corporate Bond Fund, the Pender Small Cap Opportunities Fund, the Pender Strategic Growth and Income Fund, the Pender Canadian Opportunities Fund, the Pender Value Fund, the Pender US All Cap Equity Fund, and the Pender North American Small Cap Fund (collectively, the Pender Public Funds); each of the Pender Public Funds is considered to be a separate mutual fund under section 1.3(1) of NI 81-102;
28. each of the Pender Public Funds is a reporting issuer in all of the provinces and territories of Canada; shares of the Pender Public Funds are offered under a simplified prospectus, annual information form and fund facts documents dated June 26, 2019; none of the Pender Public Funds are in default of the securities legislation in any jurisdiction;
29. in addition to managing the Pender Public Funds, Pender is currently the manager and portfolio manager of (i) the Working Opportunity Fund (EVCC) Ltd. and (ii) the Pender Tech Inflation Fund I Limited Partnership, through its subsidiary Pender Private Equity Management (collectively, the Pender Private Funds); the securities of each of the Pender Private Funds are offered on a prospectus-exempt basis in Canada;
January 23, 2020 (2020), 43 OSCB 892
Decisions, Orders and Rulings
30. Pender possesses all registrations under Canadian securities legislation and National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations to allow it to manage the Vertex Managed Funds after the closing of the Transaction (as defined below);
31. Pender has or will have the appropriate personnel, policies and procedures and systems in place to assume the management of the Vertex Managed Funds on closing of the Transaction; additional sales, operational and portfolio management personnel from the Filer have been offered employment with and are expected to be employed by Pender to provide additional operational and compliance capabilities and support;
32. Pender will engage a regulatory consultant to assist it in assessing and enhancing its compliance systems to address any additional business risks associated with the Transaction, among other matters; accordingly, Pender has not identified, and does not believe that there will be, any aspects of the Transaction or the subsequent management of the Vertex Managed Funds that would hinder its compliance with securities regulation in any way;
33. after the closing of the Transaction, the trustee of the Vertex Managed Funds, the directors and officers of Pender will have the integrity and experience to manage and operate the Vertex Managed Funds as contemplated by Section 5.7(1)(a)(v) of NI 81-102;
34. Pender has an independent review committee in place for all of its funds (the Pender IRC) and upon completion of the Change of Manager the members of the Pender IRC will serve as the independent review committee for the Vertex Managed Funds;
The Change of Manager
35. under the purchase agreement entered into between the Filer and Pender dated August 26, 2019 (the Purchase Agreement), and in accordance with its terms and conditions, Pender agreed with the Filer to purchase from the Filer (a) all of the contracts listed in Schedule “A” of the Purchase Agreement that govern the Vertex Managed Funds; (b) all current and past records, in whatever format, used by or in relation to the Vertex Managed Funds (including, but not limited to, all Fund unitholder lists, logs and records, sales records, customer lists and supplier lists, and audit and financial records); and (c) the goodwill of the Vertex Managed Funds, including but not limited to, the right to Pender to represent itself as carrying on the business of the Vertex Managed Funds in continuation of and in succession to the Filer (the Transaction);
36. under the Purchase Agreement, the Filer will (a) appoint Pender as successor investment fund manager of the Vertex Managed Funds and Pender will accept such appointment as of and with effect from the time of the closing of the Transaction; and (b) resign as investment fund manager of the Vertex Managed Funds as of and with effect from the time of the closing of the Transaction;
37. the Transaction was approved by the board of directors of the Filer on August 26, 2019, and by the board of directors of Pender on August 26, 2019;
38. on October 15, 2019, the independent review committee established for the Vertex Managed Funds (the Vertex IRC) under National Instrument 81-107 Independent Review Committee for Investment Funds (NI 81-- 107) met to consider the Change of Manager and advised the Filer that in the opinion of the Vertex IRC, after reasonable enquiry, the Change of Manager would achieve a fair and reasonable result for the Vertex Managed Funds; the results of the Vertex IRC’s review of the Change of Manager were referred to in the Circular (defined below);
The Merger
39. regulatory approval of the Merger is required as it does not satisfy all of the criteria for pre-approval set out in section 5.6 of NI 81-102; the following is a list of the criteria for pre-approval that are not satisfied by the Merger:
(a) Pender, which will be the manager of the Continuing Fund upon completion of the Change of Manager, is not an affiliate of the Filer;
(b) the Continuing Fund has investment objectives and strategies that are substantially similar to, but not necessarily the same in all respects as, the Terminating Funds;
(c) upon completion of the Change of Manager, the fee structure of the Continuing Fund will be substantially different from the Terminating Funds; direct expenses of the Continuing Fund will no
January 23, 2020 (2020), 43 OSCB 893
Decisions, Orders and Rulings
longer be charged directly to the Continuing Fund; instead a fixed-rate administration fee will be implemented;
(d) the Vertex Fund, one of the Terminating Funds, is not a reporting issuer in any jurisdiction; and
(e) the Merger is not a “qualifying exchange” within the meaning of section 132.2 of the Income Tax Act (Canada) and is not a tax-deferred transaction under subsections 85(1), 85.1(1), 86(1) or 87(1) of the Income Tax Act (Canada);
40. the most recently filed fund facts document for the Continuing Fund will be sent to unitholders of the Terminating Funds prior to the effective date of the Merger;
41. the Merger is proposed to proceed on a taxable basis as affecting the Merger on a taxable basis will preserve, where applicable, any unused tax losses of the Continuing Fund, which would otherwise expire upon implementation of the Merger on a tax deferred basis and therefore would not be available to shelter income and capital gains realized by the Continuing Fund in future years;
42. unitholders of the Terminating Funds and the Continuing Fund were provided with information about the tax consequences of the Merger in the Circular and had the opportunity to consider such information prior to voting on the Merger;
43. each Terminating Fund and the Continuing Fund has an unqualified audit report in respect of their last completed financial period;
44. the Filer believes that the Merger will be beneficial to the unitholders of the Terminating Funds for the following reasons:
(a) unitholders of the Terminating Funds may enjoy increased economies of scale and lower fund operating expenses (which are borne indirectly by unitholders) as part of the larger combined Continuing Fund;
(b) the Merger will eliminate the administrative and regulatory costs of operating each of the Terminating Funds as separate mutual funds;
(c) the Continuing Fund will have a portfolio of greater value, allowing for potentially increased portfolio diversification opportunities;
(d) the Continuing Fund, as a result of its greater size, may benefit from a larger profile in the marketplace; and
(e) Pender has indicated that the management fees of some series of each Terminating Fund will decrease which may result in a reduction of management expense ratios for such series of the Continuing Fund;
45. it is proposed that the following steps will be carried out to effect the Merger:
(a) prior to the Merger, each of the Terminating Funds will sell any securities in its portfolio that do not meet the investment objectives and investment strategies of the Continuing Fund; as a result, each of the Terminating Funds may temporarily hold cash or money market instruments and may not be fully invested in accordance with its investment objectives for a brief period of time prior to the Merger;
(b) the value of the Terminating Funds’ portfolio and other assets will be determined at the close of business on the effective date of the Merger, in accordance with the declaration of trust of each of the Terminating Funds;
(c) the Continuing Fund will acquire the investment portfolio and other assets of the Terminating Funds in exchange for units of the Continuing Fund;
(d) the Continuing Fund will not assume liabilities of the Terminating Funds and each of the Terminating Funds will retain sufficient assets to satisfy its estimated liabilities, if any, as of the date of the Merger;
January 23, 2020 (2020), 43 OSCB 894
Decisions, Orders and Rulings
(e) each of the Terminating Funds will distribute a sufficient amount of its net income and net realized capital gains, if any, to unitholders to ensure that it will not be subject to tax for its current tax year;
(f) the units of the Continuing Fund received by the Terminating Funds will have an aggregate net asset value equal to the respective value of the portfolio assets and other assets that the Continuing Fund acquires from the Terminating Funds, and the units of the Continuing Fund will be issued at the applicable series net asset value per unit as of the close of business on the effective date of the Merger;
(g) immediately thereafter, the units of the Continuing Fund received by the Terminating Funds will be distributed to unitholders of the Terminating Funds in exchange for the unitholders’ units in the Terminating Funds on a dollar-for-dollar or class-by-class basis; and
(h) as soon as reasonably possible following the Merger, the Terminating Funds will be wound up;
46. no sales charges, redemption fees or other fees or commissions will be payable by unitholders in connection with the Merger or with respect to any portfolio rebalancing in the Terminating Funds arising in connection with the Merger; the costs and expenses specifically associated with the Merger will be borne by the Filer;
47. the valuation procedures for the Continuing Fund are the same as those of each Terminating Fund;
48. unitholders of the Terminating Funds and Continuing Fund will have the right to vote on the Merger under sections 5.1(1)(f) and 5.1(1)(g) of NI 81-102; due to the redemption rights of unitholders, each unitholder ultimately can make the unitholder’s own choice as to whether to remain in the Continuing Fund or not;
49. the Merger was approved by the board of directors of the Filer on October 11, 2019;
50. on October 15, 2019, the Vertex IRC established for the Terminating Funds and Continuing Fund under NI 81- 107 met to consider the Merger and advised the Filer that in the opinion of the Vertex IRC, after reasonable enquiry, the Merger would achieve a fair and reasonable result for the Terminating Funds and Continuing Fund and their unitholders; the results of the Vertex IRC’s review of the Merger are referred to in the Circular;
Additional Changes
51. the Filer understands that Pender plans on implementing the following changes to the Vertex Managed Funds following the Change in Manager and Merger in accordance with the matters approved at the special meeting described in Representation 54:
(a) change of auditor for all Funds;
(b) change of investment objectives of the Continuing Fund;
(c) administrative fee change for all Funds;
(d) fee change for Class B unitholders of the Continuing Fund; and
(e) trust agreement amendment for all Funds (collectively, the Additional Changes);
52. securityholders of the Vertex Managed Funds have been notified of the Additional Changes in accordance with the requirements of National Instrument 81-106 Investment Fund Continuous Disclosure (NI 81-106); a press release disclosing the Additional Changes was issued and posted on the website of the Filer and filed on SEDAR on October 11, 2019; in addition, a Form 51-102F3 Material Change Report (MCR) describing the Additional Changes was filed on SEDAR on October 21, 2019; the required amendments reflecting the Additional Changes have been made to the simplified prospectus, annual information form and fund facts documents of the Vertex Managed Funds;
53. the Additional Changes have received a positive recommendation from the Vertex IRC of all affected Funds that the changes will achieve a fair and reasonable result for the Vertex Managed Funds and their unitholders;
Other Requirements
54. the approval of the Change of Manager, Merger and the Additional Changes by unitholders of the Vertex Managed Funds as required under NI 81-102 was obtained at special meetings of the Vertex Managed Funds’ unitholders on November 28, 2019; the notice of meeting and management information circular of the Filer
January 23, 2020 (2020), 43 OSCB 895
Decisions, Orders and Rulings
(the Circular) were mailed to unitholders of the Vertex Managed Funds on October 25, 2019, in compliance with the notice and form requirements of Section 5.4 of NI 81-102; copies of both the notice of meeting and Circular have been filed on SEDAR; none of the expenses of these approvals will be incurred by the Vertex Managed Funds or the unitholders of the Vertex Managed Funds and the approvals meet the requirements of Section 5.4 of NI 81-102;
55. the Circular contained sufficient information, including a discussion regarding the tax implications of the Change of Manager, Merger and Additional Changes, to permit unitholders of the Vertex Managed Funds to make an informed decision whether to approve the Change of Manager, Merger and Additional Changes;
56. the Circular described the various ways in which unitholders of the Terminating Funds could obtain, at no cost, copies of the most recent interim and annual financial statements and management reports of fund performance of the Continuing Fund; accordingly, unitholders of the Terminating Funds were provided with sufficient information to make an informed decision about the Merger; and
57. as required by Section 11.2 of NI 81-106, a press release disclosing the Transaction and Change of Manager was issued and posted on the website of the Filer and filed on SEDAR on August 26, 2019; in addition, a MCR describing the Transaction and Change of Manager was filed on SEDAR on September 16, 2019; a press release announcing the Merger and Additional Changes was issued and posted on the website of the Filer and filed on SEDAR on October 11, 2019; in addition, an MCR describing the Merger and Additional Changes was filed on SEDAR on October 21, 2019; the Filer will issue a press release and file an MCR upon completion of both the Change of Manager and the Merger.
Decision
¶ 4 Each of the Decision Makers is satisfied that the decision meets the test set out in the Legislation for the Decision Maker to make the decision.
The decision of the Decision Makers under the Legislation is that the Exemption Sought is granted.
“John Hinze” Director, Corporate Finance ritish Columbia Securities Commission
January 23, 2020 (2020), 43 OSCB 896
Decisions, Orders and Rulings
2.2 Orders Interpretation
2.2.1 Neurocords Corporation Terms defined in National Instrument 14-101 Definitions or MI 11-102 have the same meaning if used in this order, Headnote unless otherwise defined herein.
National Policy 11-206 Process for Cease to be a Representations Reporting Issuer Applications – The issuer ceased to be a reporting issuer under securities legislation. This order is based on the following facts represented by the Filer: Applicable Legislative Provisions 1. the Filer is not an OTC reporting issuer under Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii). Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets; January 14, 2020 2. the outstanding securities of the Filer, including Citation: Re Neurocords Corporation, 2020 ABASC 6 debt securities, are beneficially owned, directly or indirectly, by fewer than 15 securityholders in each IN THE MATTER OF of the jurisdictions of Canada and fewer than 51 THE SECURITIES LEGISLATION OF securityholders in total worldwide; ALBERTA AND ONTARIO (the Jurisdictions) 3. no securities of the Filer, including debt securities, are traded in Canada or another country on a AND marketplace as defined in National Instrument 21-101 Marketplace Operation or any other facility IN THE MATTER OF for bringing together buyers and sellers of THE PROCESS FOR CEASE TO BE securities where trading data is publicly reported; A REPORTING ISSUER APPLICATIONS 4. the Filer is applying for an order that the Filer has AND ceased to be a reporting issuer in all of the jurisdictions of Canada in which it is a reporting IN THE MATTER OF issuer; and NEUROCORDS CORPORATION (the Filer) 5. the Filer is not in default of securities legislation in any jurisdiction. ORDER Order Background Each of the Decision Makers is satisfied that the order The securities regulatory authority or regulator in each of meets the test set out in the Legislation for the Decision the Jurisdictions (the Decision Maker) has received an Maker to make the order. application from the Filer for an order under the securities legislation of the Jurisdictions (the Legislation) that the The decision of the Decision Makers under the Legislation Filer has ceased to be a reporting issuer in all jurisdictions is that the Order Sought is granted. of Canada in which it is a reporting issuer (the Order Sought). “Timothy Robson” Manager, Legal Under the Process for Cease to be a Reporting Issuer Corporate Finance Applications (for a dual application):
(a) the Alberta Securities Commission is the principal regulator for this application;
(b) the Filer has provided notice that subsection 4C.5(1) of Multilateral Instrument 11-102 Passport System (MI 11-102) is intended to be relied upon in British Columbia; and
(c) this order is the order of the principal regulator and evidences the decision of the securities regulatory authority or regulator in Ontario.
January 23, 2020 (2020), 43 OSCB 897
Decisions, Orders and Rulings
2.2.2 Avesoro Resources Inc. Representations
Headnote This order is based on the following facts represented by the Filer: National Policy 11-206 Process for Cease to be a Reporting Issuer Applications – The issuer ceased to be a 1. the Filer is not an OTC reporting issuer under reporting issuer under securities legislation. Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets; Applicable Legislative Provisions 2. the outstanding securities of the Filer, including Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii). debt securities, are beneficially owned, directly or indirectly, by fewer than 15 securityholders in each January 15, 2020 of the jurisdictions of Canada and fewer than 51 securityholders in total worldwide; IN THE MATTER OF THE SECURITIES LEGISLATION OF 3. no securities of the Filer, including debt securities, ONTARIO are traded in Canada or another country on a (the Jurisdiction) marketplace as defined in National Instrument 21- 101 Marketplace Operation or any other facility for AND bringing together buyers and sellers of securities where trading data is publicly reported; IN THE MATTER OF THE PROCESS FOR CEASE TO BE 4. the Filer is applying for an order that the Filer has A REPORTING ISSUER APPLICATIONS ceased to be a reporting issuer in all of the jurisdictions of Canada in which it is a reporting AND issuer; and
IN THE MATTER OF 5. the Filer is not in default of securities legislation in AVESORO RESOURCES INC. any jurisdiction. (the Filer) Order ORDER The principal regulator is satisfied that the order meets the Background test set out in the Legislation for the principal regulator to make the order. The principal regulator in the Jurisdiction has received an application from the Filer for an order under the securities The decision of the principal regulator under the Legislation legislation of the Jurisdiction of the principal regulator (the is that the Order Sought is granted. Legislation) that the Filer has ceased to be a reporting issuer in all jurisdictions of Canada in which it is a reporting “Winnie Sanjoto” issuer (the Order Sought). Manager, Corporate Finance Ontario Securities Commission Under the Process for Cease to be a Reporting Issuer Applications (for a passport application):
(a) the Ontario Securities Commission is the principal regulatory for this application, and
(b) the Filer has provided notice that subsection 4C.5(1)(c) of Multilateral Instrument 11-102 Passport System (MI 11-102) is intended to be relied upon in British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland, Northwest Territories, Yukon and Nunavut.
Interpretation
Terms defined in National Instrument 14-101 Definitions and MI 11-102 have the same meaning if used in this order, unless otherwise defined.
January 23, 2020 (2020), 43 OSCB 898
Decisions, Orders and Rulings
2.2.3 Blackrock Asset Management Canada Limited and Blackrock Financial Management, Inc. – s. 80 of the CFA
Headnote
Section 80 of the Commodity Futures Act (Ontario) – Relief from the adviser registration requirement of paragraph 22(1)(b) of the CFA granted to a sub-adviser headquartered in a foreign jurisdiction in respect of advice regarding trades in commodity futures contracts and commodity futures options, subject to certain terms and conditions – Relief mirrors exemption available in section 8.26.1 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations made under the Securities Act (Ontario) – Relief is subject to a sunset clause.
Applicable Legislative Provisions
Commodity Futures Act, R.S.O. 1990, c. C.20, as am., ss. 1(1), 22(1)(b) and 80. Securities Act, R.S.O. 1990, c. S.5, as am., s. 25(3). National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, s. 8.26.1. Ontario Securities Commission Rule 35-502 Non-Resident Advisers, s. 7.11.
January 10, 2020
IN THE MATTER OF THE COMMODITY FUTURES ACT, R.S.O. 1990, CHAPTER C. 20, AS AMENDED (the CFA)
AND
IN THE MATTER OF BLACKROCK ASSET MANAGEMENT CANADA LIMITED
AND
BLACKROCK FINANCIAL MANAGEMENT, INC.
ORDER (Section 80 of the CFA)
UPON the application (the Application) of BlackRock Asset Management Canada Limited (BlackRock Canada or the Principal Adviser) and BlackRock Financial Management, Inc. (the Sub-Adviser) to the Ontario Securities Commission (the Commission) for an order, pursuant to section 80 of the CFA, that the Sub-Adviser and any individuals engaging in, or holding themselves out as engaging in, the business of advising others when acting on behalf of the Sub- Adviser in respect of the Sub-Advisory Services (as defined below) (the Representatives), be exempt, for a specified period of time, from the adviser registration requirements of paragraph 22(1)(b) of the CFA when acting as a sub-adviser to the Principal Adviser in respect of the Clients (as defined below) regarding commodity futures contracts and commodity futures options (collectively, the Contracts) traded on commodity futures exchanges and cleared through clearing corporations (the Relief Sought);
AND UPON considering the Application and the recommendation of staff of the Commission;
AND UPON the Principal Adviser and the Sub-Adviser having represented to the Commission that:
1. BlackRock Canada is a corporation amalgamated under the laws of Ontario, with its head office located in Toronto, Ontario, Canada.
2. BlackRock Canada is registered as a portfolio manager, investment fund manager and exempt market dealer in each of the provinces and territories of Canada and as a commodity trading manager under the CFA in Ontario and as an adviser under the Commodity Futures Act (Manitoba) in Manitoba.
3. BlackRock Canada is a wholly owned subsidiary of BlackRock Inc., a publicly traded company.
4. The Sub-Adviser is a corporation incorporated under the laws of Delaware, with its head office located in New York, United States.
5. The Sub-Adviser is also a wholly-owned subsidiary of BlackRock, Inc.
January 23, 2020 (2020), 43 OSCB 899
Decisions, Orders and Rulings
6. The Sub-Adviser and the Principal Adviser are each controlled by BlackRock, Inc. and are therefore affiliates, as defined in the Securities Act (Ontario) (the OSA).
7. The Sub-Adviser is registered as an investment adviser with the United States Securities and Exchange Commission, its primary regulator. The Sub-Adviser is also registered in the United States with the Commodity Futures Trading Commission as a commodity trading operator and commodity trading adviser and is a member of the National Futures Association.
8. The Sub-Adviser is registered in a category of registration under the commodity futures or other applicable legislation of the United States that permit it to carry on the activities in the United States that registration as an adviser under the CFA would permit it to carry on in Ontario. As such, the Sub-Adviser is authorized and permitted to carry on the Sub-Advisory Services (as defined below) in the United States.
9. The Sub-Adviser is not registered in any capacity under the CFA or the OSA, nor is the Sub-Adviser registered in any capacity under the securities law, commodity futures law, or derivatives law of any other jurisdiction of Canada.
10. The Sub-Adviser is currently relying on the exemption from the requirement to register as an investment fund manager under the OSA pursuant to section 4 of Multilateral Instrument 32-102 Registration Exemptions for Non- Resident Investment Fund Managers in Ontario, Quebec and Newfoundland & Labrador. The Sub-Adviser is also relying on the exemption from the requirement to register as an adviser under the OSA pursuant to section 8.26 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31- 103) in all provinces and territories of Canada. However, in Ontario, and with respect to its relationship with the Principal Adviser, the Sub-Adviser also relies on the exemption from the requirement to register as an adviser (the “international sub-adviser” exemption) under the OSA pursuant to section 8.26.1 of NI 31-103.
11. The Sub-Adviser engages in the business of an adviser in respect of Contracts in the United States.
12. The Sub-Adviser is not a resident of any province or territory of Canada.
13. The Principal Adviser and Sub-Adviser are not in default of securities legislation, commodity futures legislation or derivatives legislation in any jurisdiction of Canada.
14. The Sub-Adviser is in in compliance in all material respects with the securities laws, commodity futures laws and derivatives laws in the United States.
15. The Principal Adviser provides, or may provide, investment advice and/or discretionary portfolio management services in Ontario to the following clients (each referred to individually as a Client and collectively as the Clients):
(a) investment funds, the securities of which are qualified by prospectus for distribution to the public in Ontario and/or certain other provinces and territories of Canada (the Investment Funds);
(b) pooled funds, the securities of which are sold on a private placement basis in Ontario and/or certain other provinces and territories of Canada pursuant to prospectus exemptions contained in National Instrument 45-106 Prospectus Exemptions (the Pooled Funds);
(c) clients resident in Ontario who have entered into investment management agreements with the Principal Adviser to establish managed accounts (the Managed Account Clients); and
(d) other Investment Funds, Pooled Funds and Managed Account Clients that may be established or retained in the future in respect of which the Principal Adviser will engage the Sub-Adviser to provide portfolio advisory services (the Future Clients).
16. Certain of the Clients may, as part of their investment program, invest in Contracts. The Principal Adviser acts as a commodity trading manager in respect of certain Clients.
17. In connection with the Principal Adviser acting as an adviser to Clients in respect of the purchase or sale of Contracts, the Principal Adviser, pursuant to a written agreement made between the Principal Adviser and the Sub-Adviser, will retain the Sub-Adviser to act as a sub-adviser to the Principal Adviser in respect of Contracts in which that Sub-Adviser has experience and expertise by exercising discretionary investment authority on behalf of the Principal Adviser, in respect of all or a portion of the assets of the investment portfolio of the respective Client, including discretionary authority to buy or sell Contracts for the Client (the Sub-Advisory Services), provided that such investments are consistent with the investment objectives and strategies of the applicable Client.
January 23, 2020 (2020), 43 OSCB 900
Decisions, Orders and Rulings
18. Paragraph 22(1)(b) of the CFA prohibits a person or company from acting as an adviser unless the person or company is registered as an adviser under the CFA, or is registered as a representative or as partner or an officer of a registered adviser and is acting on behalf of a registered adviser.
19. By providing the Sub-Advisory Services, the Sub-Adviser and its Representatives will be engaging in, or holding themselves out as engaging in, the business of advising others in respect of Contracts and, in the absence of being granted the Relief Sought, would be required to register as an adviser or a representative of an adviser, as the case may be, under the CFA.
20. There is presently no rule or regulation under the CFA that provides an exemption from the adviser registration requirement in paragraph 22(1)(b) of the CFA that is similar to the exemption from the adviser registration requirement in subsection 25(3) of the OSA provided under section 8.26.1 of NI 31-103.
21. The relationship among the Principal Adviser, the Sub-Adviser and any Client will be consistent with the requirements of section 8.26.1 of NI 31-103.
22. The Sub-Adviser will only provide the Sub-Advisory Services to the Principal Adviser as long as the Principal Adviser is, and remains, registered under the CFA as an adviser in the category of commodity trading manager.
23. As would be required under section 8.26.1 of NI 31-103:
(a) the obligations and duties of the Sub-Adviser will be set out in a written agreement with the Principal Adviser; and
(b) the Principal Adviser has entered into, or will enter into, a written contract with each Client, agreeing to be responsible for any loss that arises out of the failure of any Sub-Adviser:
(i) to exercise the powers and discharge the duties of its office honestly, in good faith and in the best interests of the Principal Adviser and each Client; or
(ii) to exercise the degree of care, diligence and skill that a reasonably prudent person would exercise in the circumstances (together with (i), the Assumed Obligations).
24. The written agreement between the Principal Adviser and the Sub-Adviser will set out the obligations and duties of each party in connection with the Sub-Advisory Services and will permit the Principal Adviser to exercise the degree of supervision and control it is required to exercise over the Sub-Adviser in respect of the Sub-Advisory Services.
25. The Principal Adviser will deliver to the Clients all required reports and statements under applicable securities, commodity futures and derivatives legislation.
26. The prospectus or other offering document (in either case, the Offering Document) of each Client that is an Investment Fund or a Pooled Fund and for which the Principal Adviser engages the Sub-Adviser to provide the Sub-Advisory Services includes, or will include, the following disclosure (the Required Disclosure):
(a) a statement that the Principal Adviser is responsible for any loss that arises out of the failure of any Sub- Adviser to meet the Assumed Obligations; and
(b) a statement that there may be difficulty in enforcing any legal rights against the Sub-Adviser (or any of its Representatives) because the Sub-Adviser is resident outside of Canada and all or substantially all of its assets are situated outside of Canada.
27. The Required Disclosure will be provided in writing prior to the purchasing of any Contracts for each Client that is a Managed Account for which the Principal Adviser engages the Sub-Adviser to provide the Sub-Advisory Services.
AND UPON the Commission being of the opinion that to do so would not be prejudicial to the public interest;
IT IS ORDERED, pursuant to section 80 of the CFA, that the Sub-Adviser and its Representatives are exempt from the adviser registration requirements of paragraph 22(1)(b) of the CFA when acting as a sub-adviser to the Principal Adviser in respect of the Sub-Advisory Services, provided that at the time that such activities are engaged in:
(a) the Principal Adviser is registered under the CFA as an adviser in the category of commodity trading manager;
(b) the Sub-Adviser’s head office or principal place of business is in a jurisdiction outside of Canada;
January 23, 2020 (2020), 43 OSCB 901
Decisions, Orders and Rulings
(c) the Sub-Adviser is registered in a category of registration, or operates under an exemption from registration, under the commodity futures or other applicable legislation of the jurisdiction outside of Canada in which its head office or principal place of business is located, that permits it to carry on the activities in that jurisdiction that registration as an adviser under the CFA would permit it to carry on in Ontario;
(d) the Sub-Adviser engages in the business of an adviser in respect of Contracts in the jurisdiction outside of Canada in which its head office or principal place of business is located;
(e) the obligations and duties of the Sub-Adviser are set out in a written agreement with the Principal Adviser;
(f) the Principal Adviser has entered into a written agreement with each Client, agreeing to be responsible for any loss that arises out of any failure of the Sub-Adviser to meet the Assumed Obligations;
(g) the Offering Document of each Client that is an Investment Fund or a Pooled Fund and for which the Principal Adviser engages the Sub-Adviser to provide the Sub-Advisory Services includes the Required Disclosure; and
(h) the Required Disclosure is provided in writing prior to the purchasing of any Contracts for each Client that is a Managed Account for which the Principal Adviser engages the Sub-Adviser to provide the Sub- Advisory Services.
AND IT IS FURTHER ORDERED that this Order will terminate on the earliest of:
(a) the expiry of any transition period as may be provided by law, after the effective date of the repeal of the CFA;
(b) six months, or such other transition period as may be provided by law, after the coming into force of any amendment to Ontario commodity futures law (as defined in the CFA) or Ontario securities law (as defined in the OSA) that affects the ability of the Sub-Adviser to act as a sub-adviser to the Principal Adviser in respect of the Sub-Advisory Services; and
(c) five years after the date of this Order.
Dated this 10 day of January, 2020.
“Lawrence Haber” Vice-Chair or Commissioner Ontario Securities Commission
“Mary Anne De Monte-Whelan” Vice-Chair or Commissioner Ontario Securities Commission
January 23, 2020 (2020), 43 OSCB 902 Decisions, Orders and Rulings
2.2.4 Pengrowth Energy Corporation Interpretation
Headnote Terms defined in National Instrument 14-101 Definitions or MI 11-102 have the same meaning if used in this order, National Policy 11-206 Process for Cease to be a unless otherwise defined. Reporting Issuer – issuer deemed to be no longer a reporting issuer under securities legislation. Representations
Applicable Legislative Provisions This order is based on the following facts represented by the Filer: Securities Act, R.S.A., 2000, c. S-4, s. 153. 1. the Filer is not an OTC reporting issuer under January 7, 2020 Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets; Citation: Re Pengrowth Energy Corporation, 2020 ABASC 4 2. the outstanding securities of the Filer, including debt securities, are beneficially owned, directly or IN THE MATTER OF indirectly, by fewer than 15 securityholders in each THE SECURITIES LEGISLATION OF of the jurisdictions of Canada and fewer than 51 ALBERTA AND ONTARIO securityholders in total worldwide; (the Jurisdictions) 3. no securities of the Filer, including debt securities, AND are traded in Canada or another country on a marketplace as defined in National Instrument 21- IN THE MATTER OF 101 Marketplace Operation or any other facility for THE PROCESS FOR CEASE TO BE bringing together buyers and sellers of securities A REPORTING ISSUER APPLICATIONS where trading data is publicly reported;
AND 4. the Filer is applying for an order that the Filer has ceased to be a reporting issuer in all of the IN THE MATTER OF jurisdictions of Canada in which it is a reporting PENGROWTH ENERGY CORPORATION issuer; and (the Filer) 5. the Filer is not in default of securities legislation in ORDER any jurisdiction.
Background Order
The securities regulatory authority or regulator in each of Each of the Decision Makers is satisfied that the order the Jurisdictions (the Decision Maker) has received an meets the test set out in the Legislation for the Decision application from the Filer for an order under the securities Maker to make the order. legislation of the Jurisdictions (the Legislation) that the Filer has ceased to be a reporting issuer in all jurisdictions The decision of the Decision Makers under the Legislation of Canada in which it is a reporting issuer (the Order is that the Order Sought is granted. Sought). “Timothy Robson” Under the Process for Cease to be a Reporting Issuer Manager, Legal Applications (for a dual application): Corporate Finance Alberta Securities Commission (a) the Alberta Securities Commission is the principal regulator for this application;
(b) the Filer has provided notice that subsection 4C.5(1) of Multilateral Instrument 11-102 Passport System (MI 11-102) is intended to be relied upon in British Columbia, Saskatchewan, Manitoba, Québec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador; and
(c) this order is the order of the principal regulator and evidences the decision of the securities regulatory authority or regulator in Ontario.
January 23, 2020 (2020), 43 OSCB 903 Decisions, Orders and Rulings
2.2.5 Iplayco Corporation Ltd. Interpretation
Headnote ¶ 2 Terms defined in National Instrument 14-101 Definitions and MI 11-102 have the same meaning National Policy 11-206 Process for Cease to be a if used in this order, unless otherwise defined. Reporting Issuer Applications – The issuer ceased to be a reporting issuer under securities legislation. Representations
Applicable Legislative Provisions ¶ 3 This order is based on the following facts represented by the Filer: Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii). 1. the Filer is not an OTC reporting issuer January 17, 2020 under Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the- IN THE MATTER OF Counter Markets; THE SECURITIES LEGISLATION OF BRITISH COLUMBIA AND ONTARIO 2. the outstanding securities of the Filer, (the Jurisdictions) including debt securities, are beneficially owned, directly or indirectly, by fewer AND than 15 securityholders in each of the jurisdictions of Canada and fewer than 51 IN THE MATTER OF securityholders in total worldwide; THE PROCESS FOR CEASE TO BE A REPORTING ISSUER APPLICATIONS 3. no securities of the Filer, including debt securities, are traded in Canada or AND another country on a marketplace as defined in National Instrument 21-101 IN THE MATTER OF Marketplace Operation or any other IPLAYCO CORPORATION LTD. facility for bringing together buyers and (the Filer) sellers of securities where trading data is publicly reported; ORDER 4. the Filer is applying for an order that the Background Filer has ceased to be a reporting issuer in all of the jurisdictions of Canada in ¶ 1 The securities regulatory authority or regulator in which it is a reporting issuer; and each of the Jurisdictions (Decision Maker) has received an application from the Filer for an order 5. the Filer is not in default of securities under the securities legislation of the Jurisdictions legislation in any jurisdiction. (the Legislation) that the Filer has ceased to be a reporting issuer in all jurisdictions of Canada in Order which it is a reporting issuer (the Order Sought). ¶ 4 Each of the Decision Makers is satisfied that the Under the Process for Cease to be a Reporting order meets the test set out in the Legislation for Issuer Applications (for a dual application): the Decision Maker to make the order.
(a) the British Columbia Securities The decision of the Decision Makers under the Commission is the principal regulator for Legislation is that the Order Sought is granted. this application; “John Hinze” (b) the Filer has provided notice that Director, Corporate Finance subsection 4C.5(1) of Multilateral British Columbia Securities Commission Instrument 11-102 Passport System (MI 11-102) is intended to be relied upon in Alberta; and
(c) this order is the order of the principal regulator and evidences the decision of the securities regulatory authority or regulator in Ontario.
January 23, 2020 (2020), 43 OSCB 904
Decisions, Orders and Rulings
2.2.6 Miner Edge Inc. et al. – ss. 127, 127.1 2.2.7 Aethon Minerals Corporation
IN THE MATTER OF Headnote MINER EDGE INC., MINER EDGE CORP. and National Policy 11-206 Process for Cease to be a RAKESH HANDA Reporting Issuer Applications – The issuer ceased to be a reporting issuer under securities legislation. File No. 2019-44 Applicable Legislative Provisions D. Grant Vingoe, Vice-Chair and Chair of the Panel Securities Act, R.S.O. 1990, c. S.5, as am., s. 1(10)(a)(ii). January 20, 2020 January 8, 2020 ORDER (Sections 127 and 127.1 of IN THE MATTER OF the Securities Act, RSO 1990, c S.5) THE SECURITIES LEGISLATION OF ONTARIO WHEREAS on January 20, 2020, the Ontario (the Jurisdiction) Securities Commission held a hearing at 20 Queen Street West, 17th Floor, Toronto, Ontario; AND
ON HEARING the submissions of the IN THE MATTER OF representatives for Staff of the Commission (Staff) and THE PROCESS FOR CEASE TO BE Miner Edge Inc., Miner Edge Corp. and Rakesh Handa A REPORTING ISSUER APPLICATIONS (together, the Respondents); AND IT IS ORDERED THAT: IN THE MATTER OF 1. Staff shall disclose to the Respondents non- AETHON MINERALS CORPORATION privileged relevant documents and things in the (the Filer) possession or control of Staff (Staff’s Disclosure) by no later than February 19, 2020; ORDER
2. the Respondents shall serve and file a motion, if Background any, regarding Staff’s Disclosure or seeking disclosure of additional documents by no later The principal regulator in the Jurisdiction has received an than May 8, 2020; application from the Filer for an order under the securities legislation of the Jurisdiction of the principal regulator (the 3. Staff shall file and serve a witness list, and serve a Legislation) that the Filer has ceased to be a reporting summary of each witness’ anticipated evidence on issuer in all jurisdictions of Canada in which it is a the Respondents, and indicate any intention to call reporting issuer (the Order Sought). an expert witness, including the expert’s name and the issues on which the expert will give Under the Process for Cease to be a Reporting Issuer evidence, by no later than May 11, 2020; and Applications (for a passport application):
4. a further attendance in this proceeding is (a) The Ontario Securities Commission is scheduled for May 19, 2020 at 10:00 a.m., or on the principal regulator for this such other date and time as may be agreed to by application, and the parties and set by the Office of the Secretary. (b) the Filer has provided notice that subsection “D. Grant Vingoe” 4C.5(1) of Multilateral Instrument 11-102 Passport System (MI 11-102) is intended to be relied upon in British Columbia and Alberta.
Interpretation
Terms defined in National Instrument 14-101 Definitions, and MI 11-102 have the same meaning if used in this order, unless otherwise defined.
January 23, 2020 (2020), 43 OSCB 905
Decisions, Orders and Rulings
Representations
This order is based on the following facts represented by the Filer:
1. the Filer is not an OTC reporting issuer under Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the- Counter Markets;
2. 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;
3. no securities of the Filer, 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;
4. the Filer is applying for an order that the Filer has ceased to be a reporting issuer in all of the jurisdictions of Canada in which it is a reporting issuer; and
5. the Filer is not in default of securities legislation in any jurisdiction.
Order
The principal regulator is satisfied that the order meets the test set out in the Legislation for the principal regulator to make the order.
The decision of the principal regulator under the Legislation is that the Order Sought is granted.
“Marie-France Bourret” Manager, Corporate Finance Ontario Securities Commission
January 23, 2020 (2020), 43 OSCB 906
Chapter 3
Reasons: Decisions, Orders and Rulings
3.1 OSC Decisions
3.1.1 MOAG Copper Gold Resources Inc. et al. – s. 127(1)
Citation: MOAG Copper Gold Resources Inc (Re), 2020 ONSEC 3 Date: 2020-01-15 File No. 2018-41
IN THE MATTER OF MOAG COPPER GOLD RESOURCES INC., GARY BROWN and BRADLEY JONES
REASONS AND DECISION (Subsection 127(1) of the Securities Act, RSO 1990, c S.5)
Hearing: November 4, 6 and 11, 2019 Decision: January 15, 2020 Panel: Timothy Moseley Vice-Chair and Chair of the Panel M. Cecilia Williams Commissioner Mary Anne De Monte-Whelan Commissioner Appearances: Anna Huculak For Staff of the Commission Peter Cooper For MOAG Copper Gold Resources Inc. Bradley Jones appearing on his own behalf No one appearing for Gary Brown
REASONS AND DECISION
I. OVERVIEW
[1] On October 13, 2015, a Director of the Ontario Securities Commission (the Commission) issued an order (the Cease Trade Order)1 providing that all trading in securities of the respondent MOAG Copper Gold Resources Inc. (MOAG) was to cease for 15 days. The Cease Trade Order was imposed at the request of the respondent Gary Brown, MOAG’s then president and CEO, because of his and MOAG’s contention that MOAG’s financial statements over the previous several years contained material misstatements.
[2] On October 26, 2015, the Director extended the Cease Trade Order pending any further order.2 The Cease Trade Order remains in effect.
[3] Staff alleges that between October 2015 and February 2017, while the Cease Trade Order was in effect, MOAG violated that order by issuing and selling to 93 Taiwan residents approximately US$7.4 million of unsecured, convertible US dollar-denominated debentures (the Debentures).
[4] Staff alleges that the individual respondents (Brown, who was the president and CEO; and Bradley Jones, who was a director and officer) violated the Cease Trade Order by engaging in a variety of acts in furtherance of MOAG’s trades.
[5] For the reasons set out below, we find that each of the respondents violated the Cease Trade Order and that they therefore contravened Ontario securities law.
1 (2015) 38 OSCB 8857 2 (2015) 38 OSCB 9149
January 23, 2020 (2020), 43 OSCB 907
Reasons: Decisions, Orders and Rulings
[6] As we explain later in these reasons, we consider it unnecessary to address three additional allegations made by Staff:
a. that each of Brown and Jones, as an officer and/or director of MOAG, authorized, permitted or acquiesced in MOAG’s violations of the Cease Trade Order;
b. that the respondents’ conduct was contrary to the public interest; and
c. that the respondents should be deemed to be liable under s. 122 of the Securities Act (the Act).3
II. BACKGROUND
A. Respondents
[7] MOAG is a reporting issuer in Ontario, with its common shares listed on the Canadian Securities Exchange. It also has outstanding options, as well as convertible debentures of one- to two-year terms. MOAG holds itself out as engaging in the exploration and evaluation of mineral properties.
[8] Brown is a resident of British Columbia. He is a co-founder and significant shareholder of MOAG. Between September 2015 and December 2015, Brown acted as a director of MOAG and as its president and CEO.
[9] Jones is a resident of Ontario. He is MOAG’s other co-founder and significant shareholder. At all times relevant to this proceeding, Jones acted in some capacity with respect to MOAG. Initially, he was a director and the CFO, then just a director, then a director and the CEO and CFO, and finally, just a consultant.
B. Cease Trade Order
[10] Paragraph 2 of s. 127(1) of the Act authorizes the Commission to order that trading in any securities of a company cease permanently or for such period as is specified in the order.
[11] Subsection 6(3) of the Act authorizes a quorum of the Commission to assign to any Director of the Commission various powers under the Act, including the power under s. 127(1)2 of the Act to issue a cease trade order. The term “Director” is defined in s. 1(1) of the Act to include “a person employed by the Commission in a position designated by the Executive Director for the purpose of this definition.” By written designation dated March 4, 2010, the Executive Director designated each Manager in the Corporate Finance Branch of the Commission as a Director.4 That designation was in effect at the relevant time.
[12] On October 25, 2013, pursuant to s. 6(3) of the Act, the Commission assigned to each Director (and therefore, by extension, to each Manager in the Corporate Finance Branch) the power under s. 127(1)2 of the Act to issue a cease trade order in respect of an issuer, under certain circumstances.5 That assignment, which was in effect at the relevant time, specifies those circumstances as follows:
a. where the making of the order is not contested on its merits; and
b. where the order relates to securities of a reporting issuer that has failed to file various continuous disclosure documents required to be filed by Ontario securities law, or whose financial statements filed with the Commission were not prepared in accordance with generally accepted accounting principles.
[13] On October 13, 2015, a Manager in the Commission’s Corporate Finance Branch issued the original Cease Trade Order in respect of securities of MOAG. Both of the conditions set out in paragraph [12] above were met, in that the order was made on MOAG’s request, and it recited that MOAG had failed to meet various continuous disclosure requirements.
[14] None of the respondents in this proceeding contests the validity of the Cease Trade Order.
[15] As contemplated by s. 127(5) of the Act, the Cease Trade Order was temporary. Therefore, pursuant to s. 127(6) of the Act, it was to expire on October 28, 2015 (fifteen days after its making), unless extended by the Commission. On October 26, 2015, two days before its expiry, a Deputy Director of the Commission (and therefore a “Director” as defined in s. 1(1) of the Act) extended the Cease Trade Order until further order. None of the respondents contests the validity of the extension of the Cease Trade Order. It remains in effect.
[16] The Cease Trade Order forms part of “Ontario securities law”, by virtue of s. 1(1) of the Act, which defines that term to include a decision of the Commission or of a Director.
3 RSO 1990, c S.5 4 (2010) 33 OSC 2069 5 (2013) 36 OSCB 10876
January 23, 2020 (2020), 43 OSCB 908
Reasons: Decisions, Orders and Rulings
III. PARTICIPATION IN THIS PROCEEDING
A. MOAG
[17] MOAG was not represented by counsel at the merits hearing. Peter Cooper, the current CEO of MOAG, participated in the hearing by teleconference on behalf of MOAG. MOAG called no evidence at the hearing.
B. Brown
[18] At preliminary attendances in this proceeding up to and including the attendance on October 4, 2019, Brown appeared through counsel, who participated by teleconference. On October 15, 2019, Brown’s counsel brought a motion to be removed as counsel. The Commission made an order to that effect on October 17, 2019.6
[19] On October 24, 2019, Brown sent an email to the Registrar, advising that he needed an additional 90 days to prepare for the merits hearing, which was scheduled to begin on November 4, 2019. The Commission treated Brown’s request as a motion, which was heard on October 28, 2019, with Brown participating by teleconference.
[20] At that hearing, the Commission dismissed Brown’s motion, for reasons delivered orally at that time. Brown replied: “…don’t bother sending me anything. I’ll just go as it is. I don’t want to talk about this anymore. Do whatever you want. Thank you very much. Good bye.”7 Brown then hung up. He did not rejoin the call.
[21] Neither Brown nor anyone on his behalf appeared at the merits hearing.
[22] The Statutory Powers Procedure Act provides that where a party has been given proper notice of a hearing but does not attend, the tribunal may proceed in the party’s absence and the party is not entitled to any further notice in the proceeding.8 We were satisfied that Brown had proper notice of the merits hearing. We proceeded in his absence.
C. Jones
[23] Jones attended the merits hearing in person. Jones had been represented by counsel in the preliminary stages of this proceeding, was assisted by counsel in drafting an agreed statement of facts (referred to in more detail beginning at paragraph [26] of these Reasons), and was self-represented at the hearing.
IV. ANALYSIS
A. Evidentiary matters
Standard and burden of proof
[24] The standard of proof applicable to Commission proceedings is the balance of probabilities. Staff must prove, on the basis of clear, convincing and cogent evidence, that it is more likely than not that the alleged events occurred.9
[25] If Staff fails to do so, or if a respondent presents an alternative explanation that is as likely as the explanation asserted by Staff, then Staff will not have met its burden.10
Staff’s evidence
[26] Prior to the hearing, Staff and Jones filed their agreed statement of facts. Jones submitted no further evidence at the hearing.
[27] Staff called two witnesses:
a. Matthew Au, Senior Accountant in the Corporate Finance Branch of the Commission; and
b. Peter Cho, Senior Forensic Accountant in the Enforcement Branch of the Commission.
[28] Au’s and Cho’s testimony was largely hearsay evidence. Section 15 of the Statutory Powers Procedure Act provides that a panel may admit as evidence any relevant oral testimony or document even if not given under oath or affirmation, or admissible in court. This extends to hearsay evidence.
6 (2019) 42 OSCB 8427 7 Hearing Transcript, October 28, 2019 at 27 lines 7-10 8 RSO 1990, c S.22, s 7(1). See also Ontario Securities Commission Rules of Procedure and Forms, (2019) 42 OSCB 6528, r 21(3) 9 FH v McDougall, 2008 SCC 53 at paras 40, 46, 49; Al-Tar Energy Corp (Re), 2010 ONSEC 11, (2010) 33 OSCB 5535 at paras 32-34 10 A. Bryant, S. Lederman & M. Fuerst, Sopinka, Lederman & Bryant: The Law of Evidence in Canada, 5th ed (Toronto: LexisNexis Canada, 2018) at 97
January 23, 2020 (2020), 43 OSCB 909
Reasons: Decisions, Orders and Rulings
[29] The respondents neither contradicted nor challenged the reliability of Staff’s evidence, including the hearsay evidence. We found Au and Cho to be credible and their testimony to be reliable. We accept their evidence and we give all of it full weight.
Respondents’ evidence
[30] As noted above, Jones submitted an agreed statement of facts but no further evidence. Neither MOAG nor Brown submitted any evidence.
B. Substantive Issues
[31] Staff’s allegations present two principal issues:
a. Did MOAG trade in securities in breach of the Cease Trade Order?
b. If the trades in MOAG’s securities did violate the Cease Trade Order, did Jones or Brown engage in acts in furtherance of those trades?
[32] We address each of these issues in turn.
Did MOAG trade in securities in breach of the Cease Trade Order?
(a) Introduction
[33] In order to establish its allegation against MOAG, Staff must prove that MOAG: (i) traded; (ii) in its own securities; (iii) while the Cease Trade Order was in effect.
[34] Staff submits, and we agree, that the Debentures are securities. The Act defines a “security” to include all of the following, all of which apply to the Debentures in this case:
a. any document, instrument or writing commonly known as a security;
b. any document constituting evidence of title to or interest in the capital, assets, property, profits, earnings or royalties of any person or company; and
c. a bond, debenture, note or other evidence of indebtedness.11
[35] A “trade” includes any sale or distribution of a security for valuable consideration and any acts in furtherance of a trade.12
[36] The debenture analysis prepared by Cho shows that from October 2015 to February 2017, while the Cease Trade Order was in effect, MOAG issued and sold, in 153 transactions, to 93 Taiwan residents approximately US$7.4 million of unsecured, convertible debentures including:
a. approximately US$3.6 million that were issued for cash (the New Debentures); and
b. approximately US$3.8 million that were issued to holders of maturing debentures as rollovers (the Rolled Debentures).
(b) New Debentures
[37] With respect to the New Debentures, Cho testified that he had reviewed, among other documents:
a. subscription agreements,
b. Debenture certificates showing the name of the investor, amount invested, date of issuance and date of maturity, and
c. MOAG bank records showing:
(a) receipt of funds for the Debentures; and
(b) commission payments by MOAG to its Taiwanese agent, H&W International Ltd. (H&W).
11 s. 1(1), “security” definition, (a), (b) and (e) 12 s. 1(1), “trade” or “trading” definition, (a) and (e)
January 23, 2020 (2020), 43 OSCB 910
Reasons: Decisions, Orders and Rulings
[38] The New Debentures are securities, and by issuing them, MOAG traded them. MOAG did so while the Cease Trade Order was in effect. Those trades violated the order.
(c) Rolled Debentures
[39] We now turn to consider whether MOAG’s issuance of the Rolled Debentures constituted “trading”. While both MOAG and Jones admitted this conclusion, we wish to address the issue in some detail, particularly in the apparent absence of any previous Commission decision that explicitly deals with the question.
[40] Cho testified that for the Rolled Debentures, he reviewed, among other documents:
a. consent agreements signed by investors to rollover the maturing debentures;
b. newly-issued Debenture certificates showing the name of the investor, the amount represented by the certificate, and new dates of issuance and maturity; and
c. MOAG bank records showing payment of commissions to H&W for these transactions.
[41] Staff submits that the valuable consideration received by MOAG for the Rolled Debentures was the investors’ forbearance of repayment on the maturity date of the existing debentures. Staff relies on Cook (Re), a decision of the British Columbia Securities Commission (the BCSC), in which the BCSC determined that the rollover of a series of promissory notes constituted trades in securities. The BCSC stated:
In this case, a new security was issued every time an interest bearing promissory note was renewed. It is clear that in each case, the new interest bearing promissory note was issued in satisfaction of repayment of its predecessor interest bearing promissory note. In other words, there was clearly an issuance of (or trade in) a security for valuable consideration (in this case, forbearance of repayment on the maturity date of the previously issued note) every time a new interest bearing promissory note was issued.13
[42] This Commission reciprocated the BCSC’s order in that case.14
[43] The Alberta Securities Commission has also determined that the rollover of a debt investment (wholly or partly) at maturity into a comparable new investment for a new term constituted a sale of a new security, and therefore a trade.15
[44] MOAG investors who chose to rollover their maturing debentures received new debenture certificates, which were indistinguishable in form from the certificates issued for New Debentures. Certificates for the Rolled Debentures reflected new and different issue and maturity dates.
[45] The consent agreements executed by investors to rollover their maturing debentures stated that: “[o]n the maturity date of the present US Dollar debenture the investor principle [sic] will be deemed to be payment for the new USD debenture.”16 Each consent agreement showed a handwritten figure, which amount would be deemed to be payment for the new US dollar debenture.
[46] We have no hesitation concluding that MOAG’s issuances of Rolled Debentures were trades. In return for an investor’s forbearance of MOAG’s obligation to pay out a maturing debenture, MOAG issued to the investor a different debenture, with a different maturity date. Concluding that those issuances were trades is consistent with the definition of “trade” and with the investor protection purpose of the Act.
[47] MOAG traded the Rolled Debentures while the Cease Trade Order was in effect. Those trades violated the order.
Did Jones or Brown engage in acts in furtherance of MOAG’s trades?
(a) Jones
[48] Any act in furtherance of a trade is itself a trade.17 Any act in furtherance of MOAG’s improper trades would therefore be a violation of the Cease Trade Order, and a contravention of Ontario securities law.
13 Cook (Re), 2017 BCSECCOM 136 at para 128. 14 Cook (Re), 2018 ONSEC 6, (2018) 41 OSCB 1497 (Cook), at para 4 (reciprocated with minor variances due to BC legislative references to “exchange contracts”). The definition of a “distribution” under s.1(1) of the Act includes trades in newly issued securities. 15 Johnston (Re), 2013 ABASC 376 at para 85. 16 Exhibit 8, Investor Documents at 5 17 s. 1(1), “trade” or “trading” definition, (e)
January 23, 2020 (2020), 43 OSCB 911
Reasons: Decisions, Orders and Rulings
[49] Jones, who was at various times a director, officer and/or consultant of MOAG, admitted that his conduct as described in the agreed statement of facts was contrary to the public interest. However, Jones did not admit to having contravened Ontario securities law. Staff submits, and we conclude, that Jones did contravene Ontario securities law.
[50] Jones’s agreed statement of facts included the following facts relevant to this allegation:
a. between October 13, 2015 and December 18, 2015, when Jones was a director of MOAG:
MOAG issued and sold US$610,000 of New Debentures to seven investors for cash;
Jones encouraged Brown to pay H&W the commissions owing to it;
Jones prepared, printed and signed the Debenture certificates and accompanying cover letters;
Jones sent out the Debenture certificates and accompanying cover letters to the investors;
Jones updated MOAG’s Debenture records, including files containing materials such as copies of investors’ identification and executed subscription agreements (the activities referred to in (iii), (iv) and this subparagraph (v) are collectively referred to as the Trading Activities); and
Jones was aware that the trading was in breach of the Cease Trade Order;
b. between December 19, 2015 and January 16, 2017, when Jones was a director and CEO and CFO of MOAG:
MOAG issued and sold:
(a) US$3.8 million of Rolled Debentures to 39 holders of maturing debentures; and
(b) US$2.8 million of New Debentures to 64 investors;
Jones engaged in the Trading Activities and paid H&W’s commissions with respect to those sales; and
Jones was aware that the trading was in breach of the Cease Trade Order; and
c. between January 17, 2017, and February 10, 2017, when Jones had become a consultant to MOAG after ceasing to be a director, CEO and CFO of the company:
on January 23, 2017 and February 10, 2017, Jones arranged for MOAG to issue and sell US$210,000 of Debentures to two investors;
Jones engaged in the Trading Activities and paid H&W’s commissions with respect to those sales; and
Jones was aware that the trading was in breach of the Cease Trade Order.
[51] We find that these activities were acts in furtherance of MOAG’s improper trading and that they were in breach of the Cease Trade Order. As a result, Jones’s conduct contravened Ontario securities law.
(b) Brown
[52] As noted above in paragraph [50](a)(i), between October 13, 2015 and December 18, 2015, MOAG issued US$610,000 of New Debentures while Brown was a director and the president and CEO.
[53] Brown asked the Commission to issue the Cease Trade Order. He was aware that H&W continued to sell Debentures after the Cease Trade Order had been issued. Brown monitored the funds from the Debenture sales coming into MOAG’s bank account online. He took on the obligation to pay H&W the commissions owing to it and he wired those commission payments to H&W. Brown corresponded with H&W about the payment of their commissions and spoke with H&W representatives about their commissions.
[54] We find that Brown’s conduct constituted acts in furtherance of MOAG’s improper trading and that those acts were in breach of the Cease Trade Order. As a result, Brown’s conduct contravened Ontario securities law.
Staff’s additional allegations
[55] Staff makes three additional allegations that we consider unnecessary to address fully. Some explanation and comments are in order, however.
January 23, 2020 (2020), 43 OSCB 912
Reasons: Decisions, Orders and Rulings
(a) Indirect liability of Jones and Brown
[56] The first is with respect to Jones’s and Brown’s involvement with MOAG’s improper trading. As an alternative to Staff’s submission that Jones and Brown were responsible as principals for that improper trading, Staff submits that they are indirectly liable because they authorized, permitted or acquiesced in MOAG’s improper trading. Because we have found that Jones and Brown were responsible as principals, we need not address the alternative submission as to indirect liability. We comment below, at paragraph [61], about the section of the Act relied on by Staff for this allegation.
(b) Conduct contrary to the public interest
[57] The second allegation we consider unnecessary to address fully is that the respondents’ conduct was contrary to the public interest. Having found that the conduct contravened Ontario securities law, we need not go further.
(c) Section 122 of the Act
[58] Finally, we address Staff’s allegations that the respondents should be deemed to be liable under s. 122 of the Act. These allegations rely on two provisions within s. 122:
a. clause 122(1)(c), which provides that every “person or company that… contravenes Ontario securities law… is guilty of an offence”; and
b. subsection 122(3), which provides that directors or officers of a company who authorize, permit or acquiesce in the commission of an offence by the company are themselves guilty of an offence.
[59] With respect to the first of those two, we have already found that all three respondents contravened Ontario securities law. We see no merit in this case in going further and considering s. 122(1)(c). Staff has proved the contravention, and we cannot find a party to be guilty of an offence. Nothing is gained by resorting to s. 122(1)(c) as well.
[60] With respect to the second of the two provisions (s. 122(3)), we addressed above the merits of Staff’s allegation regarding indirect liability. We found Jones and Brown liable as principals. It is therefore unnecessary to consider Staff’s alternative allegation that they are indirectly liable as well.
[61] Even though we have found it unnecessary to consider Staff’s allegations under s. 122(1)(c) and (3), we wish to record our uncertainty as to whether those allegations are properly brought in an enforcement proceeding before the Commission, as opposed to in a prosecution before the Ontario Court of Justice. We raised this question briefly with Staff during closing submissions; however, because we did not receive full submissions from Staff and from opposing parties, we make no finding regarding the issue. The Commission may need to consider the question more thoroughly in a future case.
V. CONCLUSION
[62] Staff has established that:
a. MOAG contravened Ontario securities law by issuing the Debentures to 93 investors in breach of the Cease Trade Order; and
b. Jones and Brown contravened Ontario securities law by engaging in acts in furtherance of MOAG’s improper trades.
[63] The parties shall contact the Registrar on or before January 31, 2020, to arrange a first attendance in respect of a hearing regarding sanctions and costs. That first attendance is to take place on a date that is mutually convenient, that is fixed by the Secretary, and that is no later than February 14, 2020.
[64] If the parties are unable to present a mutually convenient date to the Registrar, then each respondent and Staff may submit to the Registrar, for consideration by a panel of the Commission, a one-page written submission regarding a date for the first attendance. Any such submission shall be submitted on or before January 31, 2020.
Dated at Toronto this 15th day of January, 2020.
“Timothy Moseley”
“M. Cecilia Williams”
“Mary Anne De Monte-Whelan”
January 23, 2020 (2020), 43 OSCB 913
Reasons: Decisions, Orders and Rulings
This page intentionally left blank
January 23, 2020 (2020), 43 OSCB 914
Chapter 4
Cease Trading Orders
4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders
Company Name Date of Temporary Date of Hearing Date of Permanent Date of Order Order Lapse/Revoke
Kew Media Group Inc. 16 January 2020 29 January 2020
Failure to File Cease Trade Orders
Company Name Date of Order Date of Revocation THERE IS NOTHING TO REPORT THIS WEEK
4.2.1 Temporary, Permanent & Rescinding Management Cease Trading Orders
Company Name Date of Order Date of Lapse
THERE IS NOTHING TO REPORT THIS WEEK
4.2.2 Outstanding Management & Insider Cease Trading Orders
Date of Date of Order or Date of Date of Lapse/ Issuer Company Name Date of Hearing Temporary Order Permanent Order Expire Temporary Order
Performance Sports 19 October 2016 31 October 2016 31 October 2016 Group Ltd.
Company Name Date of Order Date of Lapse
CannTrust Holdings Inc. 15 August 2019
Voyager Digital (Canada) Ltd. 05 November 2019 07 January 2020
January 23, 2020 (2020), 43 OSCB 915
Cease Trading Orders
This page intentionally left blank
January 23, 2020 (2020), 43 OSCB 916
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.
January 23, 2020 (2020), 43 OSCB 917
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings 1911 Gold Corporation Common Shares Clayton, Ronald Wayne 4, 5 2020-01-15 57 0.3 333,334 166,667 (formerly Havilah Mining Corporation) 1911 Gold Corporation Rights Restricted Clayton, Ronald Wayne 4, 5 2020-01-15 57 166,666 -166,667 (formerly Havilah Mining Share Units Corporation) 1911 Gold Corporation Common Shares Haggarty, James 4 2018-07-20 00 (formerly Havilah Mining (Jamie) Corporation) 1911 Gold Corporation Common Shares Haggarty, James 4 2020-01-15 10 0.312 33,200 33,200 (formerly Havilah Mining (Jamie) Corporation) 1911 Gold Corporation Common Shares Haggarty, James 4 2020-01-15 10 0.32 219,306 80,645 (formerly Havilah Mining (Jamie) Corporation) 48North Cannabis Corp. Common Shares Gervais, James Cyrille 4 2019-12-11 10 0.34 10,000 48North Cannabis Corp. Common Shares Gervais, James Cyrille 4 2019-12-11 36 0.35 100,000 48North Cannabis Corp. Common Shares Gervais, James Cyrille 4 2019-12-11 10 0.35 96,111 10,000 48North Cannabis Corp. Common Shares Gervais, James Cyrille 4 2020-01-17 57 0.355 196,111 100,000 48North Cannabis Corp. Rights Restricted Gervais, James Cyrille 4 2018-06-05 00 Share Units 48North Cannabis Corp. Rights Restricted Gervais, James Cyrille 4 2018-06-05 00 Share Units 48North Cannabis Corp. Rights Restricted Gervais, James Cyrille 4 2018-06-05 00 200,000 Share Units 48North Cannabis Corp. Rights Restricted Gervais, James Cyrille 4 2020-01-17 57 100,000 -100,000 Share Units ABCOURT MINES INC. Common Shares MESTRALLET, 3, 4 2020-01-15 37 5,427,000 catégorie B FRANCOIS JOSEPH PIERRE MARIE ABCOURT MINES INC. Common Shares MESTRALLET, 3, 4 2020-01-15 90 43,452,000 5,452,000 catégorie B FRANCOIS JOSEPH PIERRE MARIE ABCOURT MINES INC. Common Shares MESTRALLET, 3, 4 2015-08-31 10 0.03 25,000 catégorie B FRANCOIS JOSEPH PIERRE MARIE ABCOURT MINES INC. Common Shares MESTRALLET, 3, 4 2015-08-31 10 0.03 5,452,000 25,000 catégorie B FRANCOIS JOSEPH PIERRE MARIE ABCOURT MINES INC. Common Shares MESTRALLET, 3, 4 2020-01-15 37 -5,427,000 catégorie B FRANCOIS JOSEPH PIERRE MARIE ABCOURT MINES INC. Common Shares MESTRALLET, 3, 4 2020-01-15 90 0 -5,452,000 catégorie B FRANCOIS JOSEPH PIERRE MARIE AbraPlata Resource Options Leung, Sam Yee Cheng 4 2020-01-08 50 0.065 910,500 750,000 Corp. AbraPlata Resource Common Shares Miniotis, John 5 2019-12-19 00 Corp. AbraPlata Resource Common Shares Miniotis, John 5 2019-12-19 00 1,166,667 Corp. AbraPlata Resource Options Miniotis, John 5 2020-01-08 50 2,351,000 1,750,000 Corp. AbraPlata Resource Options Wood, Flora Emily 4 2020-01-08 50 0.065 910,500 750,000 Corp. MacKay AbraPlata Resource Options Zaballa, Hernan Miguel 4 2020-01-08 50 1,750,000 750,000 Corp. Absolute Software Common Shares Laforce, Marcel Armand 5 2020-01-13 30 6.78 2,469 774 Corporation Absolute Software Common Shares Malli, Maninder 5 2018-12-03 00 Corporation Absolute Software Common Shares Malli, Maninder 5 2020-01-13 30 6.78 774 774 Corporation Absolute Software Common Shares Ramsden, Leigh Palmer 5 2020-01-13 30 6.78 34,449 774 Corporation Absolute Software Common Shares Wyatt, Christy May 4, 5 2020-01-13 30 6.78 51,681 1,005 Corporation
January 23, 2020 (2020), 43 OSCB 918
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Adastra Labs Holdings Options Jarvis, Andrew 4 2019-06-06 38 0 -175,000 Ltd. Adventus Mining Common Shares Kargl-Simard, Christian 4, 5 2020-01-16 10 0.946 1,650,000 12,500 Corporation Peter Thomas 4 Adventus Mining Common Shares Leung, Sam Yee Cheng 5 2020-01-15 10 0.956 153,000 5,000 Corporation Adventus Mining Common Shares Leung, Sam Yee Cheng 5 2020-01-16 10 0.94 159,000 6,000 Corporation Aecon Group Inc. Common Shares Stein, Deborah Susan 4 2020-01-14 10 17.49 2,160 100 Aecon Group Inc. Common Shares Stein, Deborah Susan 4 2020-01-14 10 17.48 2,960 800 Africa Energy Corp. Common Shares Lundin, Adam Ian 4 2020-01-16 51 0.165 413,334 413,334 Africa Energy Corp. Options Lundin, Adam Ian 4 2020-01-16 51 671,666 -413,334 AGF Management Common Shares BASARABA, Adrian 5 2020-01-16 56 6.72 88,776 1,045 Limited Restricted Share Units AGF Management Common Shares BUCHAN, JANE 4 2020-01-16 56 6.72 53,663 632 Limited Deferred Share Units MELISSA AGF Management Common Shares Camilli, Kathleen Mary 4 2020-01-16 56 6.72 15,190 178 Limited Deferred Share Units AGF Management Common Shares Davis, Sarah Ruth 4 2020-01-16 56 6.72 55,933 659 Limited Deferred Share Units AGF Management Common Shares Derry, Douglas 4 2020-01-16 56 6.72 95,970 1,129 Limited Deferred Share Units AGF Management Restricted Share Units Goldring, Blake Charles 4, 5 2020-01-16 56 6.72 191,386 2,252 Limited AGF Management Restricted Share Units Goldring, Judy 4, 5 2020-01-16 56 6.72 78,923 929 Limited AGF Management Common Shares Guay, Charles 4 2020-01-16 56 6.72 16,391 193 Limited Deferred Share Units AGF Management Common Shares Jackson, Charles 5 2020-01-16 56 6.72 36,683 432 Limited Restricted Share Units Christopher AGF Management Common Shares MCCREADIE, KEVIN 5 2020-01-16 56 6.72 479,853 5,645 Limited Deferred Share Units ANDREW AGF Management Common Shares MCCREADIE, KEVIN 5 2020-01-16 56 6.72 112,744 1,326 Limited Restricted Share Units ANDREW AGF Management Common Shares Class Squibb, Geoffrey Wayne 4 2020-01-16 10 6.641 24,724 294 Limited B AGF Management Common Shares Squibb, Geoffrey Wayne 4 2020-01-16 56 6.72 148,816 1,750 Limited Deferred Share Units Aimia Inc. Common Shares Leonard, Steven Clark 5 2019-05-06 00 Aimia Inc. Common Shares Leonard, Steven Clark 5 2019-05-06 00 Aimia Inc. Common Shares Leonard, Steven Clark 5 2019-05-06 00 1,673 Aimia Inc. Common Shares Leonard, Steven Clark 5 2019-12-31 30 3.545 7,096 1,423 7 Aimia Inc. Common Shares Mittleman Investment 3 2020-01-08 97 25,633,548 -7,531 Management, LLC Aimia Inc. Common Shares Vo-Quang, Edouard 5 2019-12-31 30 3.666 6,601 2,053 9 Air Canada Class B Voting Shares Air Canada 1 2020-01-13 38 51.64 50,000 50,000 9 Air Canada Class B Voting Shares Air Canada 1 2020-01-13 38 0 -50,000 Air Canada Class B Voting Shares Air Canada 1 2020-01-14 38 52.02 50,000 50,000 6 Air Canada Class B Voting Shares Air Canada 1 2020-01-14 38 0 -50,000 Air Canada Class B Voting Shares Air Canada 1 2020-01-15 38 52.11 50,000 50,000 Air Canada Class B Voting Shares Air Canada 1 2020-01-15 38 0 -50,000 Air Canada Class B Voting Shares Air Canada 1 2020-01-16 38 51.91 50,000 50,000 5 Air Canada Class B Voting Shares Air Canada 1 2020-01-16 38 0 -50,000 Air Canada Class B Voting Shares Air Canada 1 2020-01-17 38 51.10 50,000 50,000 6 Air Canada Class B Voting Shares Air Canada 1 2020-01-17 38 0 -50,000 Akita Drilling Ltd. Non-Voting Shares Dease, Colin 5 2020-01-13 10 1.11 53,821 2,500 Alamos Gold Inc. Common Shares Class Barwell, Christine 5 2019-07-05 30 7.92 24,205 5 A
January 23, 2020 (2020), 43 OSCB 919
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Alamos Gold Inc. Common Shares Class Barwell, Christine 5 2019-10-09 30 7.9 25,433 6 A Alamos Gold Inc. Common Shares Class Barwell, Christine 5 2019-12-31 30 7.6 26,890 8 A Alamos Gold Inc. Common Shares Class Barwell, Christine 5 2020-01-10 30 7.45 27,367 477 A Alamos Gold Inc. Rights Rights Barwell, Christine 5 2019-03-29 30 83,137 164 Performance Share Units Alamos Gold Inc. Rights Rights Barwell, Christine 5 2019-06-28 30 64,174 106 Performance Share Units Alamos Gold Inc. Rights Rights Barwell, Christine 5 2019-09-30 30 64,284 110 Performance Share Units Alamos Gold Inc. Common Shares Class Bostwick, Christopher 5 2019-07-05 30 7.91 66,598 102 A John Alamos Gold Inc. Common Shares Class Bostwick, Christopher 5 2019-10-09 30 7.9 68,289 105 A John Alamos Gold Inc. Common Shares Class Bostwick, Christopher 5 2019-12-31 30 7.6 70,279 111 A John Alamos Gold Inc. Common Shares Class Bostwick, Christopher 5 2020-01-10 30 7.45 70,898 619 A John Alamos Gold Inc. Rights Rights Bostwick, Christopher 5 2019-03-29 30 83,137 164 Performance Share John Units Alamos Gold Inc. Rights Rights Bostwick, Christopher 5 2019-06-28 30 64,174 106 Performance Share John Units Alamos Gold Inc. Rights Rights Bostwick, Christopher 5 2019-09-30 30 64,284 110 Performance Share John Units Alamos Gold Inc. Common Shares Class Chavez - Martinez, 5 2020-01-10 30 5.55 89,179 681 A Mario Luis Alamos Gold Inc. Rights Rights Chavez - Martinez, 5 2019-03-29 30 80,122 158 Performance Share Mario Luis Units Alamos Gold Inc. Rights Rights Chavez - Martinez, 5 2019-06-28 30 64,093 106 Performance Share Mario Luis Units Alamos Gold Inc. Rights Rights Chavez - Martinez, 5 2019-09-30 30 64,203 110 Performance Share Mario Luis Units Alamos Gold Inc. Common Shares Class Cormier, John Andrew 5 2019-07-08 30 7.93 50,502 1 A Alamos Gold Inc. Common Shares Class Cormier, John Andrew 5 2019-10-09 30 7.9 22,553 2 A Alamos Gold Inc. Common Shares Class Cormier, John Andrew 5 2019-12-31 30 7.6 24,257 3 A Alamos Gold Inc. Common Shares Class Cormier, John Andrew 5 2020-01-10 30 7.45 24,818 561 A Alamos Gold Inc. Rights Rights Cormier, John Andrew 5 2019-03-29 30 83,137 164 Performance Share Units Alamos Gold Inc. Rights Rights Cormier, John Andrew 5 2019-06-28 30 64,174 106 Performance Share Units Alamos Gold Inc. Rights Rights Cormier, John Andrew 5 2019-09-30 30 64,284 110 Performance Share Units Alamos Gold Inc. Rights Deferred Share Ellingham, Elaine 4 2019-03-29 30 34,139 67 Units Alamos Gold Inc. Rights Deferred Share Ellingham, Elaine 4 2019-06-28 30 34,196 57 Units Alamos Gold Inc. Rights Deferred Share Ellingham, Elaine 4 2019-09-30 30 34,255 59 Units Alamos Gold Inc. Common Shares Class Engelstad, Nils Frederik 8 2019-10-09 30 7.9 18,004 1 A Jonas
January 23, 2020 (2020), 43 OSCB 920
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Alamos Gold Inc. Common Shares Class Engelstad, Nils Frederik 8 2019-12-31 30 7.6 19,833 2 A Jonas Alamos Gold Inc. Common Shares Class Engelstad, Nils Frederik 8 2020-01-10 30 7.45 20,436 603 A Jonas Alamos Gold Inc. Rights Rights Engelstad, Nils Frederik 8 2019-03-29 30 81,672 161 Performance Share Jonas Units Alamos Gold Inc. Rights Rights Engelstad, Nils Frederik 8 2019-06-28 30 64,175 106 Performance Share Jonas Units Alamos Gold Inc. Rights Rights Engelstad, Nils Frederik 8 2019-09-30 30 64,285 110 Performance Share Jonas Units Alamos Gold Inc. Common Shares Class Fisher, Gregory S. 5 2019-07-05 30 7.91 20,786 23 A Alamos Gold Inc. Common Shares Class Fisher, Gregory S. 5 2019-07-08 30 7.93 20,788 2 A Alamos Gold Inc. Common Shares Class Fisher, Gregory S. 5 2019-10-09 30 7.9 21,623 24 A Alamos Gold Inc. Common Shares Class Fisher, Gregory S. 5 2019-12-31 30 7.6 22,610 27 A Alamos Gold Inc. Common Shares Class Fisher, Gregory S. 5 2020-01-10 30 7.45 22,926 316 A Alamos Gold Inc. Rights Rights Fisher, Gregory S. 5 2019-03-29 30 83,137 164 Performance Share Units Alamos Gold Inc. Rights Rights Fisher, Gregory S. 5 2019-06-28 30 64,174 106 Performance Share Units Alamos Gold Inc. Rights Rights Fisher, Gregory S. 5 2019-09-30 30 64,284 110 Performance Share Units Alamos Gold Inc. Rights Deferred Share Fleck, David Alexander 4 2019-03-29 30 99,304 195 Units Alamos Gold Inc. Rights Deferred Share Fleck, David Alexander 4 2019-06-28 30 99,469 165 Units Alamos Gold Inc. Rights Deferred Share Fleck, David Alexander 4 2019-09-30 30 99,640 171 Units Alamos Gold Inc. Rights Deferred Share Gower, David Patrick 4 2019-03-29 30 92,655 182 Units Alamos Gold Inc. Rights Deferred Share Gower, David Patrick 4 2019-06-28 30 92,808 153 Units Alamos Gold Inc. Rights Deferred Share Gower, David Patrick 4 2019-09-30 30 92,968 160 Units Alamos Gold Inc. Rights Deferred Share Kennedy, Claire Marie 4 2019-03-29 30 87,783 173 Units Catherine Alamos Gold Inc. Rights Deferred Share Kennedy, Claire Marie 4 2019-06-28 30 87,928 145 Units Catherine Alamos Gold Inc. Rights Deferred Share Kennedy, Claire Marie 4 2019-09-30 30 88,079 151 Units Catherine Alamos Gold Inc. Common Shares Class MacPhail, Peter 5 2019-07-05 30 7.91 116,382 160 A Alamos Gold Inc. Common Shares Class MacPhail, Peter 5 2019-10-09 30 7.9 119,752 164 A Alamos Gold Inc. Common Shares Class MacPhail, Peter 5 2019-12-31 30 7.6 122,591 174 A Alamos Gold Inc. Common Shares Class MacPhail, Peter 5 2020-01-10 30 7.45 123,471 880 A Alamos Gold Inc. Rights Rights MacPhail, Peter 5 2019-03-29 30 167,749 330 Performance Share Units Alamos Gold Inc. Rights Rights MacPhail, Peter 5 2019-06-28 30 128,355 212 Performance Share Units Alamos Gold Inc. Rights Rights MacPhail, Peter 5 2019-09-30 30 128,576 221 Performance Share Units
January 23, 2020 (2020), 43 OSCB 921
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Alamos Gold Inc. Common Shares Class McCluskey, John 4, 5 2019-07-05 30 7.92 470,841 2 A Alamos Gold Inc. Common Shares Class McCluskey, John 4, 5 2019-10-09 30 7.9 474,494 6 A Alamos Gold Inc. Common Shares Class McCluskey, John 4, 5 2019-12-31 30 7.6 478,823 15 A Alamos Gold Inc. Common Shares Class McCluskey, John 4, 5 2020-01-10 30 7.45 480,248 1,425 A Alamos Gold Inc. Rights Rights McCluskey, John 4, 5 2019-03-29 30 401,650 790 Performance Share Units Alamos Gold Inc. Rights Rights McCluskey, John 4, 5 2019-06-28 30 303,136 501 Performance Share Units Alamos Gold Inc. Rights Rights McCluskey, John 4, 5 2019-09-30 30 303,657 521 Performance Share Units Alamos Gold Inc. Rights Deferred Share Murphy, Paul 4 2019-03-29 30 158,438 312 Units Alamos Gold Inc. Rights Deferred Share Murphy, Paul 4 2019-06-28 30 158,700 262 Units Alamos Gold Inc. Rights Deferred Share Murphy, Paul 4 2019-09-30 30 158,973 273 Units Alamos Gold Inc. Common Shares Class Parsons, Scott Kyle 5 2019-07-05 30 7.91 35,589 32 A Alamos Gold Inc. Common Shares Class Parsons, Scott Kyle 5 2019-07-08 30 7.93 35,591 2 A Alamos Gold Inc. Common Shares Class Parsons, Scott Kyle 5 2019-10-09 30 7.9 36,805 34 A Alamos Gold Inc. Common Shares Class Parsons, Scott Kyle 5 2019-12-31 30 7.6 38,242 39 A Alamos Gold Inc. Common Shares Class Parsons, Scott Kyle 5 2020-01-10 30 7.45 38,702 460 A Alamos Gold Inc. Rights Rights Parsons, Scott Kyle 5 2019-03-29 30 81,672 161 Performance Share Units Alamos Gold Inc. Rights Rights Parsons, Scott Kyle 5 2019-06-28 30 64,175 106 Performance Share Units Alamos Gold Inc. Rights Rights Parsons, Scott Kyle 5 2019-09-30 30 64,285 110 Performance Share Units Alamos Gold Inc. Common Shares Class Porter, James 5 2019-07-05 30 7.91 116,728 64 A Alamos Gold Inc. Common Shares Class Porter, James 5 2019-07-08 30 7.93 5 A Alamos Gold Inc. Common Shares Class Porter, James 5 2019-07-08 30 7.93 116,732 4 A Alamos Gold Inc. Common Shares Class Porter, James 5 2019-10-09 30 7.9 99,051 67 A Alamos Gold Inc. Common Shares Class Porter, James 5 2019-12-31 30 7.59 101,800 80 A Alamos Gold Inc. Common Shares Class Porter, James 5 2020-01-10 30 7.45 102,680 880 A Alamos Gold Inc. Rights Rights Porter, James 5 2019-03-29 30 167,744 330 Performance Share Units Alamos Gold Inc. Rights Rights Porter, James 5 2019-06-28 30 128,350 212 Performance Share Units Alamos Gold Inc. Rights Rights Porter, James 5 2019-09-30 30 128,571 221 Performance Share Units Alamos Gold Inc. Rights Deferred Share Prichard, John Robert 4 2019-03-29 30 27 Units Stobo Alamos Gold Inc. Rights Deferred Share Prichard, John Robert 4 2019-06-28 30 16,480 27 Units Stobo
January 23, 2020 (2020), 43 OSCB 922
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Alamos Gold Inc. Rights Deferred Share Prichard, John Robert 4 2019-09-30 30 18,942 33 Units Stobo Alamos Gold Inc. Rights Deferred Share Prichard, John Robert 4 2020-01-15 30 22,366 485 Units Stobo Alamos Gold Inc. Common Shares Class Smith, Ronald 4 2019-07-05 30 7.91 19,368 31 A Alamos Gold Inc. Common Shares Class Smith, Ronald 4 2019-10-09 30 7.9 19,398 30 A Alamos Gold Inc. Common Shares Class Smith, Ronald 4 2019-10-15 30 7.97 19,400 2 A Alamos Gold Inc. Common Shares Class Smith, Ronald 4 2019-12-31 30 7.6 19,433 33 A Alamos Gold Inc. Rights Deferred Share Smith, Ronald 4 2019-03-29 30 84,957 167 Units Alamos Gold Inc. Rights Deferred Share Smith, Ronald 4 2019-06-28 30 85,098 141 Units Alamos Gold Inc. Rights Deferred Share Smith, Ronald 4 2019-09-30 30 85,244 146 Units Alamos Gold Inc. Rights Deferred Share Stowe, Kenneth George 4 2019-03-29 30 92,655 182 Units Alamos Gold Inc. Rights Deferred Share Stowe, Kenneth George 4 2019-06-28 30 92,808 153 Units Alamos Gold Inc. Rights Deferred Share Stowe, Kenneth George 4 2019-09-30 30 92,968 160 Units Alamos Gold Inc. Common Shares Class Webster, Colin 5 2019-07-05 30 7.91 11,048 18 A Alamos Gold Inc. Common Shares Class Webster, Colin 5 2019-10-09 30 7.9 11,975 18 A Alamos Gold Inc. Common Shares Class Webster, Colin 5 2019-12-31 30 7.6 13,073 21 A Alamos Gold Inc. Common Shares Class Webster, Colin 5 2020-01-10 30 7.45 13,428 355 A Alamos Gold Inc. Rights Rights Webster, Colin 5 2019-03-29 30 83,137 164 Performance Share Units Alamos Gold Inc. Rights Rights Webster, Colin 5 2019-06-28 30 64,354 106 Performance Share Units Alamos Gold Inc. Rights Rights Webster, Colin 5 2019-09-30 30 64,464 110 Performance Share Units Alimentation Couche-Tard Unité d'action différée Bernier, Jean 4 2020-01-08 46 41.89 299 Inc. Alimentation Couche-Tard Unité d'action différée Bernier, Jean 4 2020-01-08 46 41.89 101 90 Inc. Alimentation Couche-Tard Unité d'action différée Bernier, Jean 4 2020-01-10 46 42.69 173 12 Inc. Alimentation Couche-Tard Unité d'action différée Bourque, Nathalie 4 2020-01-10 46 42.69 40,695 23 Inc. Alimentation Couche-Tard Unité d'action différée D'Amours, Jacques 4 2020-01-10 46 42.69 18,161 24 Inc. Alimentation Couche-Tard Unité d'action différée Fortin, Richard 4, 6, 7, 2020-01-10 46 42.69 45,915 24 Inc. 5 Alimentation Couche-Tard Unité d'action différée Kau, Mélanie 4 2020-01-10 46 42.69 143,532 24 Inc. Alimentation Couche-Tard Unité d'action différée Lamothe, Marie Josee 4 2020-01-10 46 42.69 842 24 Inc. Alimentation Couche-Tard Unité d'action différée Leroux, Monique F. 4 2020-01-10 46 42.69 15,777 24 Inc. Alimentation Couche-Tard Unité d'action différée Plourde, Réal 4, 6, 7, 2020-01-10 46 42.69 18,079 24 Inc. 5 Alimentation Couche-Tard Unité d'action différée Rabinowicz, Daniel 5 2020-01-10 46 42.69 13,385 12 Inc. Almaden Minerals Ltd. Common Shares McCleary, John Daniel 4 2020-01-16 11 179,211 -30,000 AltaGas Ltd. Common Shares Cornhill, David Wallace 4 2020-01-13 10 19.47 130,607 5,000 9
January 23, 2020 (2020), 43 OSCB 923
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings AltaGas Ltd. Common Shares Crawford, Randall Loy 4 2020-01-14 10 19.50 12,300 12,300 5 AltaGas Ltd. Common Shares Crawford, Randall Loy 4 2020-01-14 10 19.53 18,000 5,700 5 AltaGas Ltd. Common Shares Crawford, Randall Loy 4 2020-01-14 10 19.54 18,500 500 2 AltaGas Ltd. Common Shares Harbilas, James 5 2020-01-14 10 19.4 2,000 1,000 AltaGas Ltd. Common Shares Harbilas, James 5 2020-01-14 10 19.39 9,700 7,700 AltaGas Ltd. Common Shares Harbilas, James 5 2020-01-14 10 19.38 28,500 18,800 AltaGas Ltd. Common Shares Harbilas, James 5 2020-01-14 10 19.37 31,000 2,500 AltaGas Ltd. Common Shares Tower, Nancy Gail 4 2020-01-09 00 1,118 Altair Resources Inc. Common Shares Dhanani, Maleksultan 3 2020-01-13 10 0.01 618,999 -1,000,000 Altair Resources Inc. Common Shares Dhanani, Zahir 3 2020-01-13 10 0.01 618,999 -1,000,000 Altura Energy Inc. Common Shares Burghardt, David 4, 5 2020-01-15 90 0.33 2,479,500 -80,300 (formerly, Northern Spirit Resources Inc.) Altura Energy Inc. Common Shares Burghardt, David 4, 5 2020-01-15 90 0.33 200,897 80,300 (formerly, Northern Spirit Resources Inc.) Altura Energy Inc. Common Shares Mazurak, Jeffrey William 5 2020-01-15 90 0.31 73,468 -56,450 (formerly, Northern Spirit Resources Inc.) Altura Energy Inc. Common Shares Mazurak, Jeffrey William 5 2020-01-15 90 0.31 212,430 56,450 (formerly, Northern Spirit Resources Inc.) Altus Group Limited Deferred Share Units Brown, Angela Louise 4 2020-01-15 56 40.9 15,153 1,009 Altus Group Limited Deferred Share Units Brown, Angela Louise 4 2020-01-15 56 40.9 15,205 52 Altus Group Limited Deferred Share Units Dyer, Colin 4 2020-01-15 56 40.9 2,022 718 Altus Group Limited Deferred Share Units Dyer, Colin 4 2020-01-15 56 40.9 2,027 5 Altus Group Limited Deferred Share Units Gaffney, Thomas 4 2020-01-15 56 40.9 29,873 1,008 Anthony Altus Group Limited Deferred Share Units Gaffney, Thomas 4 2020-01-15 56 40.9 29,979 106 Anthony Altus Group Limited Deferred Share Units Long, Anthony 4 2020-01-15 56 40.9 2,621 1,317 Altus Group Limited Deferred Share Units Long, Anthony 4 2020-01-15 56 40.9 2,626 5 Altus Group Limited Deferred Share Units MacDiarmid, Diane 4 2020-01-15 56 40.9 31,386 550 Altus Group Limited Deferred Share Units MacDiarmid, Diane 4 2020-01-15 56 40.9 31,499 113 Altus Group Limited Deferred Share Units Mikulich, Raymond 4 2020-01-15 56 40.9 28,952 1,198 Altus Group Limited Deferred Share Units Mikulich, Raymond 4 2020-01-15 56 40.9 29,054 102 Altus Group Limited Deferred Share Units Woodruff, Janet Patricia 4 2020-01-15 56 40.9 17,657 1,008 Altus Group Limited Deferred Share Units Woodruff, Janet Patricia 4 2020-01-15 56 40.9 17,718 61 American Battery Metals Common Shares Poirier, Jeremy 4, 5 2020-01-16 54 0.1 1,281,401 200,000 Corp. (formerly, First Division Ventures Inc.) American Battery Metals Common Shares Poirier, Jeremy 4, 5 2020-01-16 10 0.15 1,081,401 -200,000 Corp. (formerly, First Division Ventures Inc.) American Battery Metals Warrants Poirier, Jeremy 4, 5 2020-01-16 54 1,978,571 -200,000 Corp. (formerly, First Division Ventures Inc.) American Battery Metals Options Smith, Kevin 4 2020-01-09 00 30,000 Corp. (formerly, First Division Ventures Inc.) American Manganese Inc. Common Shares Kikauka, Andris 4 2020-01-14 10 0.185 166,500 -12,000 American Manganese Inc. Common Shares Piorun, Teresa 5 2020-01-09 11 0.15 296,000 30,000 American Manganese Inc. Common Shares Piorun, Teresa 5 2020-01-09 11 0.15 266,000 -30,000 American Manganese Inc. Options Piorun, Teresa 5 2020-01-10 51 0.15 920,000 -30,000 Angus Ventures Inc. Common Shares Keast, Branden 6 2019-01-13 00 Angus Ventures Inc. Common Shares Keast, Branden 6 2020-01-13 00 1,903,500 Angus Ventures Inc. Common Shares Keast, Riley 6 2020-01-13 00 1,903,500 Angus Ventures Inc. Common Shares Medalist Capital Ltd. 3 2020-01-13 00 1,903,500 Angus Ventures Inc. Common Shares Sandusky, Stephen 6 2020-01-13 00 1,903,500 Aquila Resources Inc. Common Shares Boushy, Andrew 5 2020-01-16 57 0.16 207,941 13,750
January 23, 2020 (2020), 43 OSCB 924
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Aquila Resources Inc. Rights Restricted Boushy, Andrew 5 2020-01-16 57 0.16 898,824 -13,750 Share Units Aquila Resources Inc. Common Shares Hildred, David Barrett 5 2020-01-16 57 0.16 614,813 25,000 Aquila Resources Inc. Rights Restricted Hildred, David Barrett 5 2020-01-16 57 0.16 3,305,937 -25,000 Share Units Aquila Resources Inc. Common Shares Malec, Stephanie Anne 5 2020-01-16 57 0.16 58,125 6,250 Aquila Resources Inc. Rights Restricted Malec, Stephanie Anne 5 2020-01-16 57 0.16 309,375 -6,250 Share Units ARC Resources Ltd. Common Shares Anderson, Terry Michael 5 2019-12-31 30 107,874 1,377 ARC Resources Ltd. Performance Share Anderson, Terry Michael 5 2017-12-31 30 155,119 989 Units (PSU) (Cash based only) ARC Resources Ltd. Performance Share Anderson, Terry Michael 5 2018-12-31 30 190,854 4,513 Units (PSU) (Cash based only) ARC Resources Ltd. Performance Share Anderson, Terry Michael 5 2019-12-31 30 306,142 18,198 Units (PSU) (Cash based only) ARC Resources Ltd. Restricted Share Units Anderson, Terry Michael 5 2019-12-31 30 61,524 3,021 (RSU) (Cash based only) ARC Resources Ltd. Common Shares Baldwin, Christopher 5 2019-12-31 30 25,536 326 David ARC Resources Ltd. Performance Share Baldwin, Christopher 5 2017-12-31 30 24,823 213 Units (PSU) (Cash David based only) ARC Resources Ltd. Performance Share Baldwin, Christopher 5 2018-12-31 30 36,338 970 Units (PSU) (Cash David based only) ARC Resources Ltd. Performance Share Baldwin, Christopher 5 2019-12-31 30 64,533 3,853 Units (PSU) (Cash David based only) ARC Resources Ltd. Restricted Share Units Baldwin, Christopher 5 2019-12-31 30 15,510 800 (RSU) (Cash based David only) ARC Resources Ltd. Common Shares Berrett, Ryan Victor 5 2019-12-31 30 30,707 392 ARC Resources Ltd. Performance Share Berrett, Ryan Victor 5 2017-12-31 30 23,504 194 Units (PSU) (Cash based only) ARC Resources Ltd. Performance Share Berrett, Ryan Victor 5 2018-12-31 30 33,974 886 Units (PSU) (Cash based only) ARC Resources Ltd. Performance Share Berrett, Ryan Victor 5 2019-12-31 30 61,902 3,622 Units (PSU) (Cash based only) ARC Resources Ltd. Restricted Share Units Berrett, Ryan Victor 5 2019-12-31 30 16,656 866 (RSU) (Cash based only) ARC Resources Ltd. Common Shares Bibby, Kristen Jon 5 2019-12-31 30 35,723 457 ARC Resources Ltd. Common Shares Bibby, Kristen Jon 5 2019-12-31 30 8,609 1,034 ARC Resources Ltd. Performance Share Bibby, Kristen Jon 5 2017-12-31 30 43,648 291 Units (PSU) (Cash based only) ARC Resources Ltd. Performance Share Bibby, Kristen Jon 5 2018-12-31 30 55,074 1,327 Units (PSU) (Cash based only) ARC Resources Ltd. Performance Share Bibby, Kristen Jon 5 2019-12-31 30 95,212 5,492 Units (PSU) (Cash based only) ARC Resources Ltd. Restricted Share Units Bibby, Kristen Jon 5 2019-12-31 30 24,175 1,227 (RSU) (Cash based only) ARC Resources Ltd. Common Shares Calder, Sean Ross Allen 5 2019-12-31 30 32,430 414 ARC Resources Ltd. Common Shares Calder, Sean Ross Allen 5 2019-12-31 30 7,557 171 ARC Resources Ltd. Performance Share Calder, Sean Ross Allen 5 2017-12-31 30 38,887 242 Units (PSU) (Cash based only)
January 23, 2020 (2020), 43 OSCB 925
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings ARC Resources Ltd. Performance Share Calder, Sean Ross Allen 5 2018-12-31 30 46,456 1,102 Units (PSU) (Cash based only) ARC Resources Ltd. Performance Share Calder, Sean Ross Allen 5 2019-12-31 30 74,478 4,425 Units (PSU) (Cash based only) ARC Resources Ltd. Restricted Share Units Calder, Sean Ross Allen 5 2019-12-31 30 19,207 1,003 (RSU) (Cash based only) ARC Resources Ltd. Deferred Share Units Collyer, David Ralph 4 2019-12-31 30 42,306 896 (DSU) (Cash based only) ARC Resources Ltd. Common Shares Conrad, Larissa 5 2019-12-31 30 43,114 550 Marianne ARC Resources Ltd. Common Shares Conrad, Larissa 5 2019-12-31 30 13,205 299 Marianne ARC Resources Ltd. Performance Share Conrad, Larissa 5 2017-12-31 30 46,330 320 Units (PSU) (Cash Marianne based only) ARC Resources Ltd. Performance Share Conrad, Larissa 5 2018-12-31 30 59,857 1,455 Units (PSU) (Cash Marianne based only) ARC Resources Ltd. Performance Share Conrad, Larissa 5 2019-12-31 30 97,893 5,823 Units (PSU) (Cash Marianne based only) ARC Resources Ltd. Restricted Share Units Conrad, Larissa 5 2019-12-31 30 23,832 1,230 (RSU) (Cash based Marianne only) ARC Resources Ltd. Common Shares Dafoe, P. Van R. 5 2019-12-31 30 82,484 1,053 ARC Resources Ltd. Common Shares Dafoe, P. Van R. 5 2019-12-31 30 28,176 2,789 ARC Resources Ltd. Performance Share Dafoe, P. Van R. 5 2017-12-31 30 120,899 775 Units (PSU) (Cash based only) ARC Resources Ltd. Performance Share Dafoe, P. Van R. 5 2018-12-31 30 150,536 3,550 Units (PSU) (Cash based only) ARC Resources Ltd. Performance Share Dafoe, P. Van R. 5 2019-12-31 30 240,579 14,328 Units (PSU) (Cash based only) ARC Resources Ltd. Restricted Share Units Dafoe, P. Van R. 5 2019-12-31 30 47,344 2,314 (RSU) (Cash based only) ARC Resources Ltd. Deferred Share Units Dielwart, John Patrick 4 2019-12-31 30 107,743 2,374 (DSU) (Cash based only) ARC Resources Ltd. Deferred Share Units Dyment, Fred J. 4 2019-12-31 30 96,409 2,117 (DSU) (Cash based only) ARC Resources Ltd. Common Shares Jahangiri, Armin 5 2019-12-31 30 27,035 345 ARC Resources Ltd. Common Shares Jahangiri, Armin 5 2019-12-31 30 7,040 223 ARC Resources Ltd. Performance Share Jahangiri, Armin 5 2017-12-31 30 24,059 213 Units (PSU) (Cash based only) ARC Resources Ltd. Performance Share Jahangiri, Armin 5 2018-12-31 30 40,687 1,080 Units (PSU) (Cash based only) ARC Resources Ltd. Performance Share Jahangiri, Armin 5 2019-12-31 30 82,502 4,741 Units (PSU) (Cash based only) ARC Resources Ltd. Restricted Share Units Jahangiri, Armin 5 2019-12-31 30 22,796 1,179 (RSU) (Cash based only) ARC Resources Ltd. Deferred Share Units Kvisle, Harold N. 4 2019-12-31 30 198,928 4,396 (DSU) (Cash based only) ARC Resources Ltd. Deferred Share Units O'Neill, Kathleen M. 4 2019-12-31 30 115,961 2,596 (DSU) (Cash based only) ARC Resources Ltd. Common Shares Olsen, Lisa Ann 5 2019-12-31 30 26,848 343
January 23, 2020 (2020), 43 OSCB 926
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings ARC Resources Ltd. Common Shares Olsen, Lisa Ann 5 2019-12-31 30 19,982 2,331 ARC Resources Ltd. Performance Share Olsen, Lisa Ann 5 2017-12-31 30 29,351 213 Units (PSU) (Cash based only) ARC Resources Ltd. Performance Share Olsen, Lisa Ann 5 2018-12-31 30 41,260 975 Units (PSU) (Cash based only) ARC Resources Ltd. Performance Share Olsen, Lisa Ann 5 2019-12-31 30 67,535 3,973 Units (PSU) (Cash based only) ARC Resources Ltd. Restricted Share Units Olsen, Lisa Ann 5 2019-12-31 30 17,323 896 (RSU) (Cash based only) ARC Resources Ltd. Deferred Share Units Pinder, Herbert 4 2019-12-31 30 145,681 3,270 (DSU) (Cash based only) ARC Resources Ltd. Deferred Share Units Sembo, William, George 4 2019-12-31 30 68,676 1,142 (DSU) (Cash based only) ARC Resources Ltd. Deferred Share Units Smith, Nancy Lynn 4 2019-12-31 30 79,704 1,711 (DSU) (Cash based only) ARC Resources Ltd. Common Shares Stadnyk, Myron Maurice 4, 5 2019-12-31 30 249,319 3,184 ARC Resources Ltd. Common Shares Stadnyk, Myron Maurice 4, 5 2019-12-31 30 80,065 5,353 ARC Resources Ltd. Performance Share Stadnyk, Myron Maurice 4, 5 2017-12-31 30 248,866 1,551 Units (PSU) (Cash based only) ARC Resources Ltd. Performance Share Stadnyk, Myron Maurice 4, 5 2018-12-31 30 301,447 7,105 Units (PSU) (Cash based only) ARC Resources Ltd. Performance Share Stadnyk, Myron Maurice 4, 5 2019-12-31 30 547,301 31,346 Units (PSU) (Cash based only) ARC Resources Ltd. Restricted Share Units Stadnyk, Myron Maurice 4, 5 2019-12-31 30 33,897 1,371 (RSU) (Cash based only) Arch Biopartners Inc. Common Shares Muruve, Richard Gabriel 3, 4 2020-01-15 10 0.942 8,002,500 3,500 5 ArcPacific Resources Common Shares Kim, Sang Goo 4 2020-01-16 46 0.05 525,000 200,000 Corp. (Formerly Plate Resources Inc.) ArcPacific Resources Common Shares LEE, JAI WOO 3 2017-01-17 00 Corp. (Formerly Plate Resources Inc.) ArcPacific Resources Common Shares LEE, JAI WOO 3 2017-01-17 00 1,063,139 Corp. (Formerly Plate Resources Inc.) ArcPacific Resources Common Shares LEE, JAI WOO 3 2018-02-13 90 1,098,139 35,000 Corp. (Formerly Plate Resources Inc.) ArcPacific Resources Common Shares LEE, JAI WOO 3 2018-08-16 10 698,139 -400,000 Corp. (Formerly Plate Resources Inc.) AREV Brands Common Shares Harvey, Matthew 3 2020-01-14 10 0.041 7,500,000 -170,000 International Ltd. (Formerly, AREV Nutrition Sciences Inc) Argentum Silver Corp. Common Shares Sprott Mining Inc. 3 2020-01-15 22 0.13 32,083,336 2,083,336 Argonaut Gold Inc. Options Dougherty, Peter 4 2019-12-30 52 3.5 1,366,869 -57,143 Argonaut Gold Inc. Options Lattanzi, Christopher 4 2019-12-31 52 3.5 162,733 -10,000 Aritzia Inc. Subordinate Voting Bensadoun, Aldo 4 2020-01-14 10 46,400 -35,000 Shares Aritzia Inc. Subordinate Voting Bensadoun, Aldo 4 2020-01-15 10 12,900 -33,500 Shares Aritzia Inc. Subordinate Voting Bensadoun, Aldo 4 2020-01-16 10 0 -12,900 Shares Aritzia Inc. Options Morgan, Philippa (Pippa) 5 2020-01-15 51 528,961 -5,065
January 23, 2020 (2020), 43 OSCB 927
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Aritzia Inc. Subordinate Voting Morgan, Philippa (Pippa) 5 2020-01-15 51 13,765 5,065 Shares Aritzia Inc. Subordinate Voting Morgan, Philippa (Pippa) 5 2020-01-15 10 24.11 8,700 -5,065 Shares Aritzia Inc. Options Neal, Jennifer Michelle 4, 5 2020-01-15 51 1,255,679 -6,992 Wong Aritzia Inc. Subordinate Voting Neal, Jennifer Michelle 4, 5 2020-01-15 51 22,024 6,992 Shares Wong Aritzia Inc. Subordinate Voting Neal, Jennifer Michelle 4, 5 2020-01-15 10 24 15,032 -6,992 Shares Wong Arizona Metals Corp. Common Shares Reid, Kevin Andrew 3, 4 2020-01-13 10 0.55 1,682,010 100,000 Arizona Metals Corp. Common Shares Reid, Kevin Andrew 3, 4 2020-01-14 10 11550 1,897,510 215,500 0 Artemis Gold Inc. Common Shares Tiver, Alastair 5 2020-01-06 00 111,200 Artemis Gold Inc. Options Tiver, Alastair 5 2020-01-06 00 Artemis Gold Inc. Options Tiver, Alastair 5 2020-01-06 50 200,000 200,000 Artemis Gold Inc. Warrants Tiver, Alastair 5 2020-01-06 00 111,200 Artis Real Estate Deferred Units Albo, Ida 4 2020-01-02 58 11.9 16,263 1,902 Investment Trust - Ex pir ati on of rig hts Artis Real Estate Deferred Units Albo, Ida 4 2020-01-15 56 11.65 16,318 55 Investment Trust Artis Real Estate Restricted Units Green, James 5 2020-01-15 56 11.65 74,198 286 Investment Trust Artis Real Estate Deferred Units Jack, Bruce William 4 2020-01-02 56 11.9 44,896 5,620 Investment Trust James Artis Real Estate Deferred Units Jack, Bruce William 4 2020-01-15 56 11.65 45,048 152 Investment Trust James Artis Real Estate Deferred Units Martens, Armin 4, 5 2020-01-15 56 11.65 353,058 1,358 Investment Trust Artis Real Estate Restricted Units Martens, Armin 4, 5 2020-01-15 56 11.65 224,529 864 Investment Trust Artis Real Estate Restricted Units Martens, Philip 5 2020-01-15 56 11.65 10,934 42 Investment Trust Artis Real Estate Restricted Units Riley, Kimberly 4 2020-01-15 56 11.65 10,535 37 Investment Trust Artis Real Estate Restricted Units Sherlock, Stephen 5 2020-01-15 56 11.65 11,899 46 Investment Trust Francis Patrick Artis Real Estate Deferred Units Thielmann, Victor 4 2020-01-02 56 11.9 9,996 504 Investment Trust Artis Real Estate Deferred Units Thielmann, Victor 4 2020-01-15 56 11.65 10,033 37 Investment Trust Artis Real Estate Deferred Units Townsend, Kenneth 4 2020-01-02 56 11.9 9,996 504 Investment Trust Artis Real Estate Deferred Units Townsend, Kenneth 4 2020-01-15 56 11.65 10,033 37 Investment Trust Artis Real Estate Deferred Units Warkentin, Edward 4 2020-01-02 56 11.9 9,996 504 Investment Trust Artis Real Estate Deferred Units Warkentin, Edward 4 2020-01-15 56 11.65 10,033 37 Investment Trust Artis Real Estate Deferred Units Zucker, Lauren 4 2020-01-02 56 11.9 19,408 4,223 Investment Trust Artis Real Estate Deferred Units Zucker, Lauren 4 2020-01-15 56 11.65 19,467 59 Investment Trust Asbestos Corporation Common Shares MONETTE, SERGE 3, 4 2020-01-10 10 0.395 154,500 1,000 Limited Ascendant Resources Common Shares Buncic, Christopher 4, 5 2020-01-10 90 1,098,867 -29,700 Inc. Raymond Ascendant Resources Common Shares Buncic, Christopher 4, 5 2020-01-10 90 69,300 29,700 Inc. Raymond Asia Cannabis Corp. Common Shares kingma, johannes 5 2020-01-17 10 0.045 11,175,833 40,000
January 23, 2020 (2020), 43 OSCB 928
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Athabasca Oil Common Shares Broen, Robert Anthony 5 2020-01-10 57 0.1 1,707,709 66,667 Corporation Athabasca Oil Restricted Share Units Broen, Robert Anthony 5 2020-01-10 57 0.1 0 -66,667 Corporation (Old 2010 Plan) Atrium Mortgage Deferred Share Units Cohos, Peter Phillip 4 2019-12-31 30 3,000 32 Investment Corporation Atrium Mortgage Deferred Share Units DeGasperis, Robert 4 2019-12-31 30 3,000 33 Investment Corporation Hans Atrium Mortgage Deferred Share Units GOODALL, ROBERT 4, 5 2019-12-31 30 20,739 943 Investment Corporation Atrium Mortgage Deferred Share Units Grant, Andrew 4 2019-12-31 30 3,000 33 Investment Corporation Atrium Mortgage Deferred Share Units Lockhart, Nancy 4 2019-12-31 30 4,635 42 Investment Corporation Atrium Mortgage Deferred Share Units SILVER, MARK 4 2019-12-31 30 7,029 270 Investment Corporation Aura Minerals Inc. Common Shares Keith, Stephen 4 2020-01-03 10 25.73 900 -145 AURWEST RESOURCES Options Faris, Robert Peter 4, 5 2019-05-28 52 -550,000 CORPORATION AURWEST RESOURCES Options Faris, Robert Peter 4, 5 2019-05-28 52 -550,000 CORPORATION AURWEST RESOURCES Options Faris, Robert Peter 4, 5 2020-01-08 37 137,500 -412,500 CORPORATION AVINO SILVER & GOLD Common Shares Chin, Dorothy 5 2020-01-09 10 0.73 69,537 -5,334 MINES LTD. AVINO SILVER & GOLD Common Shares Chin, Dorothy 5 2020-01-09 10 0.74 68,037 -1,500 MINES LTD. AVINO SILVER & GOLD Common Shares Chin, Dorothy 5 2020-01-09 10 0.56 65,333 -2,704 MINES LTD. B2Gold Corp. Rights Deferred Share Johnson, George 4 2020-01-08 56 162,646 4,200 Units B2Gold Corp. Options Kelly, Liane Catherine 4 2020-01-01 00 75,000 B2Gold Corp. Rights Deferred Share Mtshisi, Bongani 4 2020-01-08 56 138,928 3,953 Units Backstageplay Inc. Common Shares White, Scott Fulton 4 2020-01-17 10 0.04 2,910,937 100,000 (formerly Oramericas Corp.) Balmoral Resources Ltd. DSU Disher, John Bryan 4 2020-01-14 46 45,874 18,096 Balmoral Resources Ltd. DSU MacInnis, Daniel 4 2020-01-14 56 0.455 52,822 20,837 Thomas 9 Bank of Montreal Deferred Share Units Edwards, Christine A. 4 2020-01-15 56 103.0 35,774 523 1 Bank of Montreal Deferred Share Units Prichard, John Robert 4, 7 2020-01-15 56 103.0 116,607 523 Stobo 1 Bank of Nova Scotia, The Rights Performance Arellano, Ian 5 2019-12-31 30 45,964 2,340 Share Units (PSU) Bank of Nova Scotia, The Rights Performance Deschamps, Ignacio 5 2019-12-31 30 118,297 5,950 Share Units (PSU) Bank of Nova Scotia, The Common Shares Gowland, Glen Bruce 5 2019-12-31 30 1,772 123 Bank of Nova Scotia, The Rights Deferred Stock Gowland, Glen Bruce 5 2019-12-31 30 35,357 555 Units (DSU) Bank of Nova Scotia, The Rights Performance Gowland, Glen Bruce 5 2019-12-31 30 40,374 815 Share Units (PSU) Bank of Nova Scotia, The Common Shares Lawrence, Jason 5 2019-12-31 30 2,382 150 Bank of Nova Scotia, The Rights Performance Lawrence, Jason 5 2019-12-31 30 36,439 978 Share Units (PSU) Bank of Nova Scotia, The Common Shares Mason, Barbara Frances 5 2019-12-31 30 2,615 249 Bank of Nova Scotia, The Rights Performance Mason, Barbara Frances 5 2019-12-31 30 55,606 2,608 Share Units (PSU) Bank of Nova Scotia, The Rights Performance McGuire, Thomas J. 5 2019-12-31 30 35,799 932 Share Units (PSU) Bank of Nova Scotia, The Rights Restricted McGuire, Thomas J. 5 2019-12-31 30 1,373 569 Share Units Bank of Nova Scotia, The Common Shares Moore, Daniel 5 2019-12-31 30 12,511 88
January 23, 2020 (2020), 43 OSCB 929
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Bank of Nova Scotia, The Rights Performance Moore, Daniel 5 2019-12-31 30 51,451 2,122 Share Units (PSU) Bank of Nova Scotia, The Common Shares Neate, James 5 2019-12-31 30 6,794 441 Bank of Nova Scotia, The Rights Performance Neate, James 5 2019-12-31 30 42,654 1,450 Share Units (PSU) Bank of Nova Scotia, The Common Shares Porter, Brian J 4, 5 2019-12-31 30 132,436 411 Bank of Nova Scotia, The Rights Deferred Stock Porter, Brian J 4, 5 2019-12-31 30 18,340 846 Units (DSU) Bank of Nova Scotia, The Rights Performance Porter, Brian J 4, 5 2019-12-31 30 238,293 11,677 Share Units (PSU) Bank of Nova Scotia, The Common Shares Rees, Daniel Llewellyn 5 2019-12-31 30 14,141 973 Bank of Nova Scotia, The Rights Performance Rees, Daniel Llewellyn 5 2019-12-31 30 46,970 1,440 Share Units (PSU) Bank of Nova Scotia, The Common Shares Viswanathan, Rajagopal 5 2019-12-31 30 14,499 197 Bank of Nova Scotia, The Rights Performance Viswanathan, Rajagopal 5 2019-12-31 30 22,962 578 Share Units (PSU) Bank of Nova Scotia, The Common Shares Zerbs, Michael 5 2019-12-31 30 545 153 Bank of Nova Scotia, The Rights Deferred Stock Zerbs, Michael 5 2019-12-31 30 30,923 1,030 Units (DSU) Bank of Nova Scotia, The Rights Performance Zerbs, Michael 5 2019-12-31 30 49,196 1,864 Share Units (PSU) Barsele Minerals Corp. Common Shares Cope, Gary Gordon 4 2020-01-16 10 0.46 14,730,800 16,000 Barsele Minerals Corp. Common Shares Cope, Gary Gordon 4 2020-01-16 10 0.47 14,734,800 4,000 Bayhorse Silver Inc. Common Shares O'Neill, Graeme 5 2019-12-30 16 0.125 11,382,862 1,000,000 Bayhorse Silver Inc. Common Shares O'Neill, Graeme 5 2020-01-15 51 0.1 11,832,862 650,000 Bayhorse Silver Inc. Options O'Neill, Graeme 5 2020-01-15 51 0.1 2,740,000 -650,000 Bayhorse Silver Inc. Warrants O'Neill, Graeme 5 2019-12-30 16 19,061,934 1,000,000 BCE Inc. Common Shares Gillies, Claire 5 2020-01-06 00 912 BCE Inc. Common Shares Gillies, Claire 5 2020-01-06 00 318 BCE Inc. Options Gillies, Claire 5 2020-01-06 00 68,247 BCE Inc. Performance-based Gillies, Claire 5 2020-01-06 00 4,758 Restricted Share Units BCE Inc. Restricted Share Units Gillies, Claire 5 2020-01-06 00 9,513 BCE Inc. Share Units Gillies, Claire 5 2020-01-06 00 17,656 BCE Inc. Common Shares Lalande, Michel 5 2003-06-02 00 BCE Inc. Common Shares Lalande, Michel 5 2003-06-02 00 1,775 BCE Inc. Common Shares Lalande, Michel 5 2020-01-06 00 BCE Inc. Common Shares Lalande, Michel 5 2020-01-06 97 0 -1,085 BCE Inc. Common Shares Lalande, Michel 5 2003-06-02 00 BCE Inc. Common Shares Lalande, Michel 5 2003-06-02 00 BCE Inc. Common Shares Lalande, Michel 5 2020-01-06 00 BCE Inc. Common Shares Lalande, Michel 5 2020-01-06 97 1,070 -6,401 BCE Inc. Options Lalande, Michel 5 2003-06-02 00 BCE Inc. Options Lalande, Michel 5 2003-06-02 00 65,195 BCE Inc. Options Lalande, Michel 5 2020-01-06 00 BCE Inc. Options Lalande, Michel 5 2020-01-06 97 67,224 -23,276 BCE Inc. Performance-based Lalande, Michel 5 2003-06-02 00 Restricted Share Units BCE Inc. Performance-based Lalande, Michel 5 2003-06-02 00 Restricted Share Units BCE Inc. Performance-based Lalande, Michel 5 2020-01-06 00 Restricted Share Units BCE Inc. Performance-based Lalande, Michel 5 2020-01-06 97 4,766 4,766 Restricted Share Units BCE Inc. Restricted Share Units Lalande, Michel 5 2003-06-02 00 BCE Inc. Restricted Share Units Lalande, Michel 5 2003-06-02 00 BCE Inc. Restricted Share Units Lalande, Michel 5 2020-01-06 00 BCE Inc. Restricted Share Units Lalande, Michel 5 2020-01-06 97 9,531 -38,458 BCE Inc. Share Units Lalande, Michel 5 2003-06-02 00 BCE Inc. Share Units Lalande, Michel 5 2003-06-02 00 BCE Inc. Share Units Lalande, Michel 5 2020-01-06 00
January 23, 2020 (2020), 43 OSCB 930
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings BCE Inc. Share Units Lalande, Michel 5 2020-01-06 97 45,575 37,330 BCE Inc. Common Shares Malcolmson, Robert 5 2020-01-06 00 1,843 BCE Inc. Common Shares Malcolmson, Robert 5 2020-01-06 00 1,781 BCE Inc. Options Malcolmson, Robert 5 2020-01-06 00 67,224 BCE Inc. Performance-based Malcolmson, Robert 5 2020-01-06 00 4,766 Restricted Share Units BCE Inc. Restricted Share Units Malcolmson, Robert 5 2020-01-06 00 6,271 BCE Inc. Rights Restricted Malcolmson, Robert 5 2020-01-06 00 3,260 Deferred Share Units BCE Inc. Share Units Malcolmson, Robert 5 2020-01-06 00 10,835 BCE Inc. Common Shares Moses, Karine 5 2020-01-06 00 1,022 BCE Inc. Options Moses, Karine 5 2020-01-06 00 37,877 BCE Inc. Performance-based Moses, Karine 5 2020-01-06 00 2,669 Restricted Share Units BCE Inc. Restricted Share Units Moses, Karine 5 2020-01-06 00 5,336 BCE Inc. Share Units Moses, Karine 5 2020-01-06 00 3,810 Big Rock Brewery Inc. Common Shares Noone, Patrick Donnell 4 2020-01-14 10 3.488 1,807,100 4,600 BIGG Digital Assets Inc. Common Shares BIGG Digital Assets Inc 1 2020-01-14 10 0.04 100,000 100,000 BIGG Digital Assets Inc. Common Shares BIGG Digital Assets Inc 1 2020-01-16 10 0.045 150,000 50,000 BIGG Digital Assets Inc. Common Shares BIGG Digital Assets Inc 1 2020-01-17 10 0.045 250,000 100,000 BIGG Digital Assets Inc. Common Shares Binns, Mark Andrew 4 2020-01-13 10 0.04 600,000 25,000 BIGG Digital Assets Inc. Common Shares Binns, Mark Andrew 4 2020-01-14 10 0.04 650,000 50,000 BIGG Digital Assets Inc. Common Shares Binns, Mark Andrew 4 2020-01-16 10 0.04 700,000 50,000 Blackline Safety Corp. Common Shares Finbow, John Robert 4 2020-01-14 10 6.54 57,890 1,070 Blackline Safety Corp. Common Shares Finbow, John Robert 4 2020-01-14 10 6.54 103,500 900 Blackline Safety Corp. Common Shares Finbow, John Robert 4 2020-01-15 10 6.55 104,400 900 Blackline Safety Corp. Common Shares Finbow, John Robert 4 2020-01-14 10 6.54 67,480 1,070 Blackline Safety Corp. Common Shares Herdman, Robert 4 2020-01-14 51 1.8 27,505 12,000 Blackline Safety Corp. Options Herdman, Robert 4 2020-01-14 51 1.8 238,000 -12,000 Bloom Select Income Units Bloom-Somer, Adina 4, 5 2019-12-31 30 8.55 3,774 13 Fund Blueberries Medical Corp. Options Villalba Gómez, Camilo 5 2020-01-13 50 1,500,000 1,000,000 Bluesky Digital Assets Common Shares Gelfand, Benjamin 4, 5 2019-05-27 00 Corp. Bluesky Digital Assets Common Shares Gelfand, Benjamin 4, 5 2019-05-27 00 Corp. Bluesky Digital Assets Common Shares Gelfand, Benjamin 4, 5 2019-05-27 00 Corp. Bluesky Digital Assets Common Shares Gelfand, Benjamin 4, 5 2020-01-14 46 0.01 8,000,000 8,000,000 Corp. BMTC Group Inc. Common Shares Brouillette, Guy 7 2020-01-14 97 10.45 25,968 5,742 BMTC Group Inc. Common Shares Des Groseillers, Marie- 4, 5 2020-01-14 97 10.45 52,109 9,570 Berthe BMTC Group Inc. Common Shares Des Groseillers, Yves 4, 6, 7, 2020-01-14 97 10.5 27,211 600 5 BMTC Group Inc. Common Shares Des Groseillers, Yves 4, 6, 7, 2020-01-14 97 10.51 28,011 800 5 BMTC Group Inc. Common Shares Des Groseillers, Yves 4, 6, 7, 2020-01-14 97 10.48 28,511 500 5 BMTC Group Inc. Common Shares Des Groseillers, Yves 4, 6, 7, 2020-01-14 97 10.45 31,007 2,496 5 BMTC Group Inc. Common Shares Des Groseillers, Yves 4, 6, 7, 2020-01-15 97 10.51 32,007 1,000 5 BMTC Group Inc. Common Shares Des Groseillers, Yves 4, 6, 7, 2020-01-15 97 10.5 33,007 1,000 5 BMTC Group Inc. Common Shares Des Groseillers, Yves 4, 6, 7, 2020-01-15 97 10.52 33,132 125 5 BMTC Group Inc. Common Shares Des Groseillers, Yves 4, 6, 7, 2020-01-15 97 10.52 34,132 1,000 5 BMTC Group Inc. Common Shares Des Groseillers, Yves 4, 6, 7, 2020-01-15 97 10.52 35,132 1,000 5 BMTC Group Inc. Common Shares Des Groseillers, Yves 4, 6, 7, 2020-01-15 97 10.6 36,132 1,000 5
January 23, 2020 (2020), 43 OSCB 931
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings BMTC Group Inc. Common Shares Tanguay, Jacques 7 2020-01-14 97 10.45 83,124 5,742 BNS Split Corp. II Capital Shares BNS Split Corp. II 1 2019-12-20 38 21.05 4,448 4,448 5 BNS Split Corp. II Capital Shares BNS Split Corp. II 1 2019-12-20 38 21.05 0 -4,448 5 BNS Split Corp. II Preferred Shares BNS Split Corp. II 1 2019-12-20 38 20.08 2,224 2,224 Class B, Series 2 BNS Split Corp. II Preferred Shares BNS Split Corp. II 1 2019-12-20 38 20.08 0 -2,224 Class B, Series 2 BQE Water Inc. Common Shares Henderson, Robert 4 2019-12-31 00 3,333 BQE Water Inc. Restricted Share Units Henderson, Robert 4 2019-12-31 00 BQE Water Inc. Restricted Share Units Henderson, Robert 4 2020-01-10 50 8.75 6,000 6,000 BQE Water Inc. Common Shares Kratochvil, David 5 2019-03-06 36 13,125 -1,299,425 BQE Water Inc. Options Kratochvil, David 5 2019-03-06 37 14,000 -1,386,000 BQE Water Inc. Options Kratochvil, David 5 2019-04-10 52 7 10,000 -4,000 BQE Water Inc. Options Kratochvil, David 5 2020-01-08 50 8.75 17,000 7,000 BQE Water Inc. Restricted Share Units Kratochvil, David 5 2018-12-15 59 0.03 0 -52,894 Braveheart Resources Common Shares Berzins, Ian Martin 4, 5 2020-01-16 10 0.13 2,523,500 5,000 Inc. Braveheart Resources Common Shares Berzins, Ian Martin 4, 5 2020-01-17 10 0.13 2,538,500 15,000 Inc. Braveheart Resources Common Shares Matlock, Aaron 4, 5 2020-01-17 10 0.13 6,705,001 20,000 Inc. BRP Inc. Deferred Share Units Hanley, Michael 4 2020-01-10 56 57.96 23,763 41 BRP Inc. Deferred Share Units Métayer, Estelle 4 2020-01-10 56 57.96 20,160 35 BRP Inc. Deferred Share Units O'Neill, Daniel J. 4 2020-01-10 56 57.96 23,763 41 BRP Inc. Deferred Share Units Philip, Edward Michael 4 2020-01-10 56 57.96 23,763 41 BRP Inc. Deferred Share Units Samardzich, Barbara 4 2020-01-10 56 57.96 5,324 9 Jean BTB Real Estate Trust Units Ducharme, Lucie 4 2019-12-31 35 4.586 1,282 108 Investment Trust 8 BTB Real Estate Parts différées Janson, Jean-Pierre 4 2020-01-16 46 5.232 10,573 2,973 Investment Trust BTB Real Estate Parts différées Lachapelle, Luc 4, 5 2020-01-16 46 5.232 6,979 2,973 Investment Trust BTB Real Estate Trust Units Perreault, Fernand 4 2019-12-31 35 4.586 18,383 1,599 Investment Trust 8 BTB Real Estate Trust Units Perreault, Fernand 4 2019-12-31 35 4.586 32,662 2,842 Investment Trust 8 BTB Real Estate Parts différées Polatos, Peter 4 2020-01-16 46 5.232 2,643 743 Investment Trust BTB Real Estate Parts différées Proteau, Jocelyn 4 2020-01-16 46 5.232 21,146 5,946 Investment Trust Builders Capital Mortgage Non-Voting Shares Loutitt, Sandy Luke 3, 4 2020-01-13 10 9.86 8,383 88 Corp. Class A Cabral Gold Inc. Common Shares Carter, Alan 4, 6, 5 2020-01-14 10 0.104 8,969,832 80,000 1 Caledonia Mining Rights Performance Chester, Adam, David 5 2020-01-11 56 24,877 7,103 Corporation Plc Units Mark Caledonia Mining Rights Performance CURTIS, STEVE ROY 4, 5 2020-01-11 56 60,856 16,547 Corporation Plc Units Caledonia Mining Rights Performance DELL, PETER DONALD 5 2006-07-06 00 Corporation Plc Units Caledonia Mining Rights Performance DELL, PETER DONALD 5 2020-01-11 56 3,655 3,655 Corporation Plc Units Caledonia Mining Rights Restricted DELL, PETER DONALD 5 2006-07-06 00 Corporation Plc Share Units Caledonia Mining Rights Performance LEARMONTH, John 4, 5 2020-01-11 56 38,518 10,231 Corporation Plc Units Mark Caledonia Mining Common Shares Mason, Maurice John 5 2019-06-08 57 5,328 Corporation Plc Caledonia Mining Common Shares Mason, Maurice John 5 2019-06-08 57 5,328 Corporation Plc
January 23, 2020 (2020), 43 OSCB 932
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Caledonia Mining Common Shares Mason, Maurice John 5 2019-06-08 57 5,328 Corporation Plc Caledonia Mining Rights Performance Mason, Maurice John 5 2020-01-11 56 19,649 4,977 Corporation Plc Units Caledonia Mining Rights Restricted Mason, Maurice John 5 2019-06-08 57 -5,328 Corporation Plc Share Units Caledonia Mining Rights Restricted Mason, Maurice John 5 2019-06-08 57 0 -5,328 Corporation Plc Share Units Caledonia Mining Rights Performance Roets, Dana 5 2020-01-11 56 38,334 10,436 Corporation Plc Units Calian Group Ltd. Deferred Share Units Basler, Raymond 4 2020-01-13 56 38.12 3,201 459 (Cash Value of Gregory Common Shares) Calian Group Ltd. Common Shares Ivay, Susan Jane 5 2020-01-09 00 1,713 Calian Group Ltd. Deferred Share Units loeb, kenneth jeffrey 4 2020-01-13 56 38.12 8,547 722 (Cash Value of Common Shares) Calian Group Ltd. Deferred Share Units Park, Young 4 2020-01-13 56 38.12 1,683 459 (Cash Value of Common Shares) Calian Group Ltd. Deferred Share Units Poirier, Jo-Anne Cecile 4 2020-01-13 56 38.12 2,841 459 (Cash Value of Common Shares) Calian Group Ltd. Deferred Share Units Vickers, Richard Allan 4 2020-01-13 56 38.12 4,759 459 (Cash Value of Common Shares) Calian Group Ltd. Deferred Share Units weber, george brian 4 2020-01-13 56 38.12 3,934 459 (Cash Value of Common Shares) Canada Jetlines Ltd. Rights Restricted Valente, Carlo 5 2019-10-31 58 - 0 -125,000 Share Units Expiration of rights Canada Jetlines Ltd. Warrants Valente, Carlo 5 2019-09-16 55 0.375 0 -88,888 Canadian Natural Common Shares Cusson, Réal, Michel 5 2020-01-14 10 42.18 687,502 -5,000 Resources Limited Canadian Tire Deferred Share Units Anderson, Eric Thomas 4 2019-12-31 35 142.5 3,890 106 Corporation, Limited 2 Canadian Tire Deferred Share Units Boivin, Pierre 4 2019-12-31 35 142.6 8,816 223 Corporation, Limited Canadian Tire Non-Voting Shares Canadian Tire 1 2020-01-10 38 142.1 10,000 10,000 Corporation, Limited Class A Corporation, Limited 3 Canadian Tire Non-Voting Shares Canadian Tire 1 2020-01-10 38 0 -10,000 Corporation, Limited Class A Corporation, Limited Canadian Tire Non-Voting Shares Canadian Tire 1 2020-01-13 38 141.1 10,000 10,000 Corporation, Limited Class A Corporation, Limited 3 Canadian Tire Non-Voting Shares Canadian Tire 1 2020-01-13 38 0 -10,000 Corporation, Limited Class A Corporation, Limited Canadian Tire Non-Voting Shares Canadian Tire 1 2020-01-14 38 142.8 10,000 10,000 Corporation, Limited Class A Corporation, Limited 6 Canadian Tire Non-Voting Shares Canadian Tire 1 2020-01-14 38 0 -10,000 Corporation, Limited Class A Corporation, Limited Canadian Tire Non-Voting Shares Canadian Tire 1 2020-01-15 38 143.4 10,000 10,000 Corporation, Limited Class A Corporation, Limited 3 Canadian Tire Non-Voting Shares Canadian Tire 1 2020-01-15 38 0 -10,000 Corporation, Limited Class A Corporation, Limited Canadian Tire Non-Voting Shares Canadian Tire 1 2020-01-16 38 144.0 10,000 10,000 Corporation, Limited Class A Corporation, Limited 7 Canadian Tire Non-Voting Shares Canadian Tire 1 2020-01-16 38 0 -10,000 Corporation, Limited Class A Corporation, Limited Canadian Tire Non-Voting Shares Canadian Tire 1 2020-01-17 38 145.2 10,000 10,000 Corporation, Limited Class A Corporation, Limited 6 Canadian Tire Non-Voting Shares Canadian Tire 1 2020-01-17 38 0 -10,000 Corporation, Limited Class A Corporation, Limited Canadian Tire Deferred Share Units Chant, Diana Leslie 4 2019-12-31 35 142.4 45 Corporation, Limited 6 Canadian Tire Deferred Share Units Chant, Diana Leslie 4 2019-12-31 35 142.4 45 Corporation, Limited 6
January 23, 2020 (2020), 43 OSCB 933
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Canadian Tire Deferred Share Units Chant, Diana Leslie 4 2019-12-31 35 142.4 1,580 45 Corporation, Limited 6 Canadian Tire Deferred Share Units Connolly, Patrick Joseph 4 2019-12-31 35 143 1,985 37 Corporation, Limited Canadian Tire Deferred Share Units Court, David 4 2019-12-31 35 144.3 1,600 17 Corporation, Limited Canadian Tire Deferred Share Units Derbyshire, Mark Elwin 4 2019-12-31 35 142.7 5,225 122 Corporation, Limited 1 Canadian Tire Deferred Share Units Furlong, John Aloysius 4 2019-12-31 35 142.5 7,436 200 Corporation, Limited Francis 3 Canadian Tire Deferred Share Units Jaskolka, Norman 4 2019-12-31 35 143.6 1,941 27 Corporation, Limited 1 Canadian Tire Deferred Share Units L'Heureux, Claude R. 4 2019-12-31 38 142.4 380 Corporation, Limited 6 Canadian Tire Deferred Share Units L'Heureux, Claude R. 4 2019-12-31 38 142.4 380 Corporation, Limited 6 Canadian Tire Deferred Share Units L'Heureux, Claude R. 4 2019-12-31 35 142.4 13,293 380 Corporation, Limited 6 Canadian Tire Deferred Share Units Murray, Donald Allan 4 2019-12-31 35 142.8 3,656 77 Corporation, Limited 5 Canadian Tire Deferred Share Units Sabia, Maureen Joanne 4, 7 2019-12-31 35 142.4 2,461 70 Corporation, Limited 6 Canadian Tire Deferred Share Units Trudell, Cynthia Mary 4 2019-12-31 35 148.2 1,320 7 Corporation, Limited 1 Canadian Western Bank Rights Deferred Share Bibby, Andrew John 4 2019-12-31 30 11,600 308 Units Canadian Western Bank Rights Deferred Share Hohol, Linda Margaret 4 2019-12-31 30 14,147 400 Units Owerri Canadian Western Bank Rights Deferred Share Manning, Robert Adrian 4 2019-12-31 30 25,003 742 Units Canadian Western Bank Rights Deferred Share Mitchell, Elizabeth Gay 4 2019-12-31 30 3,552 7 Units Canadian Western Bank Rights Deferred Share Morgan-Silvester, Sarah 4 2019-12-31 30 14,006 407 Units Alyson Canadian Western Bank Rights Deferred Share Mulligan, Margaret Jean 4 2019-12-31 30 10,572 202 Units Canadian Western Bank Common Shares Phillips, Robert L. 4 2019-12-31 30 13,565 489 Canadian Western Bank Common Shares Phillips, Robert L. 4 2019-12-31 30 19,572 706 Canadian Western Bank Common Shares Phillips, Robert L. 4 2019-12-31 30 2,615 93 Canadian Western Bank Rights Deferred Share Phillips, Robert L. 4 2019-12-31 30 22,538 668 Units Canadian Western Bank Rights Deferred Share Protti, Raymond Joseph 4 2019-12-31 30 17,954 525 Units Canadian Western Bank Rights Deferred Share Reid, Ian MacNevin 4 2019-12-31 30 25,728 813 Units Canadian Western Bank Rights Deferred Share Riley, Sanford 4 2019-12-31 30 27,622 817 Units Canadian Western Bank Rights Deferred Share Rowe, Alan Macdonald 4 2019-12-31 30 35,202 1,073 Units Canopy Rivers Inc. Subordinated Voting Alexandrian, Narbe 4, 5 2020-01-16 10 1.54 20,615 1,000 Shares Canopy Rivers Inc. Subordinated Voting Alexandrian, Narbe 4, 5 2020-01-16 10 1.53 3,192 950 Shares Capstone Mining Corp. Common Shares Annett, Jerrold 5 2019-12-31 30 0.57 3,843,559 779 Capstone Mining Corp. Common Shares Annett, Jerrold 5 2019-12-31 30 0.54 3,845,787 2,228 Capstone Mining Corp. Common Shares Annett, Jerrold 5 2019-12-31 30 0.51 3,848,168 2,381 Capstone Mining Corp. Common Shares Annett, Jerrold 5 2019-12-31 30 0.61 3,850,140 1,972 Capstone Mining Corp. Common Shares Annett, Jerrold 5 2019-12-31 30 0.57 3,852,251 2,111 Capstone Mining Corp. Common Shares Annett, Jerrold 5 2019-12-31 30 0.65 3,854,102 1,851 Capstone Mining Corp. Common Shares Howe, Jason Paul 5 2019-12-31 30 0.64 832,141 2,251 Capstone Mining Corp. Common Shares Howe, Jason Paul 5 2019-12-31 30 0.6 834,524 2,383 Capstone Mining Corp. Common Shares Howe, Jason Paul 5 2019-12-31 30 0.58 836,988 2,464 Capstone Mining Corp. Common Shares Howe, Jason Paul 5 2019-12-31 30 0.71 839,145 2,157 Capstone Mining Corp. Common Shares Howe, Jason Paul 5 2019-12-31 30 0.67 841,430 2,285
January 23, 2020 (2020), 43 OSCB 934
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Capstone Mining Corp. Common Shares Howe, Jason Paul 5 2019-12-31 30 0.67 841,654 224 Capstone Mining Corp. Common Shares King, Wendy 7 2019-12-31 30 0.64 477,219 2,046 Capstone Mining Corp. Common Shares King, Wendy 7 2019-12-31 30 0.6 479,385 2,166 Capstone Mining Corp. Common Shares King, Wendy 7 2019-12-31 30 0.58 481,625 2,240 Capstone Mining Corp. Common Shares King, Wendy 7 2019-12-31 30 0.71 483,535 1,910 Capstone Mining Corp. Common Shares King, Wendy 7 2019-12-31 30 0.67 485,560 2,025 Capstone Mining Corp. Common Shares King, Wendy 7 2019-12-31 30 0.67 486,887 1,327 Capstone Mining Corp. Common Shares Mercer, Bradley 5 2019-12-31 30 0.64 379,241 2,305 Capstone Mining Corp. Common Shares Mercer, Bradley 5 2019-12-31 30 0.6 381,681 2,440 Capstone Mining Corp. Common Shares Mercer, Bradley 5 2019-12-31 30 0.58 384,205 2,524 Capstone Mining Corp. Common Shares Mercer, Bradley 5 2019-12-31 30 0.71 386,423 2,218 Capstone Mining Corp. Common Shares Mercer, Bradley 5 2019-12-31 30 0.67 388,713 2,290 Capstone Mining Corp. Common Shares Pylot, Darren Murvin 4, 5 2019-12-31 30 0.64 2,625,658 4,836 Capstone Mining Corp. Common Shares Pylot, Darren Murvin 4, 5 2019-12-31 30 0.6 2,630,778 5,120 Capstone Mining Corp. Common Shares Pylot, Darren Murvin 4, 5 2019-12-31 30 0.58 2,633,119 2,341 Cardero Resource Corp. Common Shares Kopple, Robert Charles 3 2020-01-17 10 0.015 23,303,823 37,000 4 Cardinal Energy Ltd. Common Shares Van Spankeren, Shawn 5 2020-01-15 57 96,666 30,333 Arie Cardinal Energy Ltd. Restricted Bonus Van Spankeren, Shawn 5 2020-01-15 57 238,334 -58,333 Awards Arie Cascadero Copper Common Shares Causey, Brian 4 2020-01-14 10 0.02 850,000 245,000 Corporation Cascades Inc. Unités d'actions CORMIER, MICHELLE 4 2019-12-31 35 14,431 325 différées / Deffered ANN Share Units Cascades Inc. Unités d'actions CORMIER, MICHELLE 4 2020-01-15 56 22,110 7,679 différées / Deffered ANN Share Units Cascades Inc. Unités d'actions Couture, Martin 4 2019-12-31 35 21,472 483 différées / Deffered Share Units Cascades Inc. Unités d'actions Couture, Martin 4 2020-01-15 56 32,943 11,471 différées / Deffered Share Units Cascades Inc. Common Shares D'Amours, Hugo 5 2019-12-31 30 10.71 7,605 1,375 Cascades Inc. Unités d'actions D'Amours, Hugo 5 2019-12-31 35 3,700 65 différées / Deffered Share Units Cascades Inc. Common Shares Doré, Dominic 5 2019-12-31 30 10.7 18,302 2,192 Cascades Inc. Unités d'actions Doré, Dominic 5 2019-12-31 35 8,604 149 différées / Deffered Share Units Cascades Inc. Unités d'actions Dunn, Mélanie 4 2019-10-22 00 différées / Deffered Share Units Cascades Inc. Unités d'actions Dunn, Mélanie 4 2020-01-15 56 1,408 1,408 différées / Deffered Share Units Cascades Inc. Common Shares Dussault, Stéphanie 7 2019-12-31 30 12.22 412 412 Cascades Inc. Common Shares Fernet, Maryse 5 2019-12-31 30 10.68 25,145 2,004 Cascades Inc. Unités d'actions Fernet, Maryse 5 2019-12-31 35 7,592 134 différées / Deffered Share Units Cascades Inc. Unités d'actions Garneau, Louis 4 2019-12-31 35 60,101 1,353 différées / Deffered Share Units Cascades Inc. Unités d'actions Garneau, Louis 4 2020-01-15 56 69,556 9,455 différées / Deffered Share Units Cascades Inc. Common Shares Gaudreault, Riko 7 2019-12-31 30 10.73 8,461 1,325 Cascades Inc. Unités d'actions Gaudreault, Riko 7 2019-12-31 35 1,403 24 différées / Deffered Share Units
January 23, 2020 (2020), 43 OSCB 935
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Cascades Inc. Unités d'actions Gentiletti, Nelson 4 2019-10-22 00 différées / Deffered Share Units Cascades Inc. Unités d'actions Gentiletti, Nelson 4 2020-01-15 56 1,408 1,408 différées / Deffered Share Units Cascades Inc. Common Shares Gosselin, Eve 7 2019-12-31 30 12.24 177 177 Cascades Inc. Common Shares Guerra, Michael 5 2019-12-31 30 10.72 5,642 957 Cascades Inc. Unités d'actions Guerra, Michael 5 2019-12-31 35 263 4 différées / Deffered Share Units Cascades Inc. Common Shares Hall, Robert F. 5 2019-12-31 30 10.68 214,559 6,385 Cascades Inc. Unités d'actions Hall, Robert F. 5 2019-12-31 35 16,470 295 différées / Deffered Share Units Cascades Inc. Common Shares Hogg, Allan 5 2019-12-31 30 10.49 88,350 3,049 Cascades Inc. Unités d'actions Hogg, Allan 5 2019-12-31 35 19,872 354 différées / Deffered Share Units Cascades Inc. Unités d'actions Kobrynsky, Georges 4 2019-12-31 35 40,822 919 différées / Deffered Share Units Cascades Inc. Unités d'actions Kobrynsky, Georges 4 2020-01-15 56 46,186 5,364 différées / Deffered Share Units Cascades Inc. Unités d'actions Lacroix, Hubert T. 4 2019-05-09 00 différées / Deffered Share Units Cascades Inc. Unités d'actions Lacroix, Hubert T. 4 2020-01-15 56 4,676 4,676 différées / Deffered Share Units Cascades Inc. Common Shares Langevin, Luc 5 2019-12-31 30 10.68 45,436 3,826 Cascades Inc. Unités d'actions Langevin, Luc 5 2019-12-31 30 21,989 389 différées / Deffered Share Units Cascades Inc. Common Shares Lemaire, Alain 4, 5 2019-12-31 30 10.05 365,881 4,653 Cascades Inc. Unités d'actions Lemaire, Alain 4, 5 2019-12-31 35 26,173 470 différées / Deffered Share Units Cascades Inc. Unités d'actions Lemaire, Patrick 4, 6 2019-12-31 35 7,641 172 différées / Deffered Share Units Cascades Inc. Unités d'actions Lemaire, Patrick 4, 6 2020-01-15 56 11,481 3,840 différées / Deffered Share Units Cascades Inc. Unités d'actions Lemaire, Sylvie 4 2019-12-31 35 57,030 1,284 différées / Deffered Share Units Cascades Inc. Unités d'actions Lemaire, Sylvie 4 2020-01-15 56 60,870 3,840 différées / Deffered Share Units Cascades Inc. Unités d'actions Lévesque, Elif 4 2019-10-22 00 différées / Deffered Share Units Cascades Inc. Unités d'actions Lévesque, Elif 4 2020-01-15 56 1,408 1,408 différées / Deffered Share Units Cascades Inc. Common Shares Malo, Charles 7 2019-12-31 30 10.72 82,629 5,567 Cascades Inc. Unités d'actions Malo, Charles 7 2019-12-31 35 18,943 329 différées / Deffered Share Units Cascades Inc. Common Shares Marineau, Léon 5 2019-12-31 30 10.67 19,835 1,448 Cascades Inc. Unités d'actions Marineau, Léon 5 2019-12-31 35 2,526 44 différées / Deffered Share Units Cascades Inc. Unités d'actions McAusland, David L. 4 2019-12-31 35 77,652 1,748 différées / Deffered Share Units
January 23, 2020 (2020), 43 OSCB 936
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Cascades Inc. Unités d'actions McAusland, David L. 4 2019-12-31 35 1,748 différées / Deffered Share Units Cascades Inc. Unités d'actions McAusland, David L. 4 2019-12-31 35 1,748 différées / Deffered Share Units Cascades Inc. Unités d'actions McAusland, David L. 4 2020-01-15 56 80,526 2,874 différées / Deffered Share Units Cascades Inc. Unités d'actions Pelletier, Élise 4 2019-12-31 35 539 différées / Deffered Share Units Cascades Inc. Unités d'actions Pelletier, Élise 4 2019-12-31 35 23,957 539 différées / Deffered Share Units Cascades Inc. Unités d'actions Pelletier, Élise 4 2020-01-15 56 27,797 3,840 différées / Deffered Share Units Cascades Inc. Common Shares Plourde, Mario 4, 5 2019-12-31 30 10.69 208,451 14,189 Cascades Inc. Unités d'actions Plourde, Mario 4, 5 2019-12-31 35 78,275 1,351 différées / Deffered Share Units Cascades Inc. Unités d'actions Sellyn, Laurence G. 4 2019-12-31 35 35,727 804 différées / Deffered Share Units Cascades Inc. Unités d'actions Sellyn, Laurence G. 4 2020-01-15 56 47,510 11,783 différées / Deffered Share Units Cascades Inc. Common Shares Tardif, Jean-David 7 2019-12-31 30 10.92 5,814 1,709 Cascades Inc. Unités d'actions Tardif, Jean-David 7 2019-12-31 35 6,746 111 différées / Deffered Share Units Cascades Inc. Common Shares Trudel, Thierry 7 2019-12-31 30 10.71 6,418 1,341 Cascades Inc. Unités d'actions Trudel, Thierry 7 2019-12-31 35 821 13 différées / Deffered Share Units Cascades Inc. Unités d'actions Vachon, Sylvie 4 2019-12-31 35 22,178 499 différées / Deffered Share Units Cascades Inc. Unités d'actions Vachon, Sylvie 4 2020-01-15 56 31,909 9,731 différées / Deffered Share Units Cenovus Energy Inc. Common Shares Chiasson, Keith 5 2020-01-13 10 12.67 30,805 3,955 Certive Solutions Inc. Common Shares Hyland, Timothy John 4, 5 2020-01-16 36 0.05 6,270,329 1,000,000 Certive Solutions Inc. Common Shares Thomas, Scott 4 2020-01-17 10 0.048 704,500 5,000 5 CES Energy Solutions Common Shares Cosby, Stella 4 2020-01-15 46 2.379 80,962 3,005 Corp. 2 CES Energy Solutions Common Shares Hooks, John Michael 4 2020-01-07 10 2.25 1,471,854 -28,200 Corp. CES Energy Solutions Common Shares Hooks, John Michael 4 2020-01-09 10 2.07 1,450,054 -21,800 Corp. CES Energy Solutions Common Shares Hooks, John Michael 4 2020-01-10 10 2.07 1,383,954 -66,100 Corp. CES Energy Solutions Common Shares Hooks, John Michael 4 2020-01-13 10 1.97 1,358,954 -25,000 Corp. CES Energy Solutions Common Shares Hooks, John Michael 4 2020-01-14 10 1.96 1,303,954 -55,000 Corp. CES Energy Solutions Common Shares Hooks, John Michael 4 2020-01-15 46 2.379 1,307,232 3,278 Corp. 2 CES Energy Solutions Common Shares Zinger, Kenneth Earl 5 2020-01-15 10 1.99 1,424,897 3,535 Corp. CF Energy Corp. Common Shares Liu, Yahui (Mike) 5 2019-12-01 00 (formerly, Changfeng Energy Inc.) CF Energy Corp. Common Shares Liu, Yahui (Mike) 5 2020-01-10 10 0.6 31,000 31,000 (formerly, Changfeng Energy Inc.)
January 23, 2020 (2020), 43 OSCB 937
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings CF Energy Corp. Common Shares Liu, Yahui (Mike) 5 2020-01-13 10 0.6 42,000 11,000 (formerly, Changfeng Energy Inc.) CGI Inc. Deferred Stock Unit Bouchard, Alain 4 2020-01-16 56 112.3 19,283 501 (DSUs) / Unités 9 d'actions différées UAD CGI Inc. Deferred Stock Unit Brochu, Sophie 4 2020-01-16 56 112.3 1,362 501 (DSUs) / Unités 9 d'actions différées UAD CGI Inc. Deferred Stock Unit Doré, Paule 4 2020-01-16 56 112.3 12,517 250 (DSUs) / Unités 9 d'actions différées UAD CGI Inc. Deferred Stock Unit Evans, Richard B. 4 2020-01-16 56 112.3 32,897 654 (DSUs) / Unités 9 d'actions différées UAD CGI Inc. Deferred Stock Unit Hearn, Timothy James 4 2020-01-16 56 112.3 7,465 278 (DSUs) / Unités 9 d'actions différées UAD CGI Inc. Deferred Stock Unit Labbé, Gilles 4 2020-01-16 56 112.3 28,081 556 (DSUs) / Unités 9 d'actions différées UAD CGI Inc. Deferred Stock Unit Pedersen, Mike 4 2020-01-16 56 112.3 6,667 501 (DSUs) / Unités 9 d'actions différées UAD CGI Inc. Deferred Stock Unit Roach, Michael 4 2020-01-16 56 112.3 4,326 250 (DSUs) / Unités 9 d'actions différées UAD CGI Inc. Subordinate Voting Roach, Michael 4 2003-06-06 00 Shares Classe A CGI Inc. Subordinate Voting Roach, Michael 4 2019-12-13 90 605,272 605,272 Shares Classe A CGI Inc. Subordinate Voting Roach, Michael 4 2019-12-13 90 0 -605,272 Shares Classe A CGI Inc. Deferred Stock Unit Waller, Kathy Nadine 4 2020-01-16 56 112.3 2,647 327 (DSUs) / Unités 9 d'actions différées UAD CGX Energy Inc. Common Shares Mills, Dennis Joseph 4, 6 2020-01-14 10 0.74 39,000 -21,000 CGX Energy Inc. Common Shares Mills, Dennis Joseph 4, 6 2020-01-15 10 0.748 0 -39,000 Champion Bear Common Shares Kantor, Richard Derrick 3, 4, 5 2020-01-13 90 293,119 -102,667 Resources Ltd. Champion Bear Common Shares Kantor, Richard Derrick 3, 4, 5 2020-01-13 90 393,563 102,667 Resources Ltd. Chemesis International Common Shares Aujla, Harwinder Singh 4 2019-12-20 37 2,560 -23,040 Inc. Mike Chemesis International Options Aujla, Harwinder Singh 4 2019-12-20 37 25,000 -225,000 Inc. Mike Chemesis International Options Aujla, Harwinder Singh 4 2020-01-13 52 0 -25,000 Inc. Mike Chemesis International Options Aujla, Harwinder Singh 4 2020-01-13 50 0.9 250,000 250,000 Inc. Mike Chemesis International Options Dusenbury, Eli Seamus 5 2020-01-13 50 300,000 100,000 Inc. Sweet Chemesis International Options Montero Gortarez, Edgar 5 2019-12-20 37 60,000 -540,000 Inc. Hector Manuel Chemesis International Options Montero Gortarez, Edgar 5 2020-01-13 52 0 -60,000 Inc. Hector Manuel Chemesis International Options Montero Gortarez, Edgar 5 2020-01-13 50 0.9 375,000 375,000 Inc. Hector Manuel Chemesis International Common Shares Parmar, Amandeep 4 2019-12-20 37 743,738 -6,693,640 Inc. Singh
January 23, 2020 (2020), 43 OSCB 938
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Chemesis International Common Shares Parmar, Amandeep 4 2019-12-20 37 2,000 -18,000 Inc. Singh Chemesis International Common Shares Parmar, Amandeep 4 2019-12-20 37 740 -6,660 Inc. Singh Chemesis International Common Shares Parmar, Amandeep 4 2019-12-20 37 2,460 -22,140 Inc. Singh Chemesis International Options Parmar, Amandeep 4 2019-12-20 37 75,000 -675,000 Inc. Singh Chemesis International Options Parmar, Amandeep 4 2020-01-13 52 0 -75,000 Inc. Singh Chemesis International Options Parmar, Amandeep 4 2020-01-13 50 0.9 430,000 Inc. Singh Chemesis International Options Parmar, Amandeep 4 2020-01-13 50 0.9 430,000 Inc. Singh Chemesis International Options Parmar, Amandeep 4 2017-03-15 00 Inc. Singh Chemesis International Options Parmar, Amandeep 4 2020-01-13 50 0.9 430,000 430,000 Inc. Singh Chemesis International Options Rosenberg, Joshua 4 2020-01-13 50 0.9 250,000 250,000 Inc. James Chemesis International Common Shares Thurston, Brian 4 2019-12-20 37 10,000 -90,000 Inc. Chemesis International Options Thurston, Brian 4 2019-12-20 37 50,000 -450,000 Inc. Chemesis International Options Thurston, Brian 4 2020-01-13 52 0 -50,000 Inc. Chemesis International Options Thurston, Brian 4 2020-01-13 50 0.9 350,000 350,000 Inc. CI Financial Corp. Deferred Share Unit Butt, William Emerson 4 2019-12-31 56 21.88 5,160 1,600 Cineplex Inc. Deferred Share Units Banks, Jordan 4 2020-01-15 99 18,101 -19 Cineplex Inc. Deferred Share Units Bruce, Robert W. 4 2020-01-15 99 23,485 -40 Cineplex Inc. Deferred Share Units Dea, Joan 4 2020-01-15 99 20,535 -30 Cineplex Inc. Deferred Share Units Greenberg, Ian 4 2020-01-15 99 33,153 -35 Cineplex Inc. Deferred Share Units Marwah, Sarabjit 4 2020-01-15 99 28,012 -40 Cineplex Inc. Deferred Share Units Mohamed, Nadir 4 2020-01-15 99 10,006 -1 Cineplex Inc. Common Shares Sonshine, Edward 4 2020-01-15 99 -40 Cineplex Inc. Common Shares Sonshine, Edward 4 2020-01-15 99 -40 Cineplex Inc. Deferred Share Units Sonshine, Edward 4 2020-01-15 99 27,832 -40 Circa Enterprises Inc. Options Hulshof, Angela 5 2020-01-01 00 10,000 Citation Growth Corp. Common Shares Nathoo, Alnoor 4 2020-01-14 10 0.145 790,333 25,000 Clarke Inc. Common Shares Luborsky, Brian Alan 4 2020-01-17 10 13.25 153,433 -1,000 Colorado Resources Ltd. Common Shares Mullin, Joseph 4, 5 2019-08-20 00 Colorado Resources Ltd. Common Shares Mullin, Joseph 4, 5 2019-08-20 00 Colorado Resources Ltd. Common Shares Mullin, Joseph 4, 5 2019-12-17 00 350,000 Colorado Resources Ltd. Options Mullin, Joseph 4, 5 2019-08-20 00 Colorado Resources Ltd. Options Mullin, Joseph 4, 5 2019-12-17 00 Colorado Resources Ltd. Warrants Mullin, Joseph 4, 5 2019-08-20 00 Colorado Resources Ltd. Warrants Mullin, Joseph 4, 5 2019-12-17 00 200,000 Cominar Real Estate Parts différées Laramée, Jean 5 2020-01-16 57 14.44 15,917 -8,669 Investment Trust Cominar Real Estate Trust Units Laramée, Jean 5 2020-01-16 57 14.44 25,288 8,669 Investment Trust Condor Petroleum Inc. Common Shares Disbrow, Robert 3 2020-01-13 10 0.7 2,950,000 -50,000 Condor Petroleum Inc. Common Shares Disbrow, Robert 3 2020-01-14 10 0.72 2,921,500 -28,500 Condor Petroleum Inc. Common Shares Disbrow, Robert 3 2020-01-15 10 0.72 2,900,000 -21,500 Constellation Software Common Shares Anzarouth, Bernard 5 2020-01-13 30 1367. 2,891 3 Inc. 1 Constellation Software Common Shares Leonard, Mark Henri 4, 5 2020-01-13 30 1347 1,500 -100 Inc. Contact Gold Corp. Common Shares Salamis, George 4 2020-01-15 56 94,594 47,297 Contact Gold Corp. Options Wellings, Mark 4 2020-01-15 50 0.19 525,000 125,000 Contact Gold Corp. Rights Wellings, Mark 4 2020-01-15 56 135,292 47,297
January 23, 2020 (2020), 43 OSCB 939
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Contact Gold Corp. Options Wenger, John Eric 5 2020-01-16 50 825,000 175,000 Contact Gold Corp. RSU Wenger, John Eric 5 2017-06-07 00 Contact Gold Corp. RSU Wenger, John Eric 5 2020-01-16 50 45,000 45,000 Continental Gold Inc. Common Shares Sussman, Ari B 4, 5 2015-06-10 36 1,347,984 Continental Gold Inc. Common Shares Sussman, Ari B 4, 5 2015-06-10 36 1,377,801 1,377,801 COPPER REEF MINING Common Shares Cudney, Robert Douglas 3 2020-01-06 10 0.4 2,347,200 8,500 CORPORATION COPPER REEF MINING Common Shares Cudney, Robert Douglas 3 2020-01-07 10 0.4 2,348,700 1,500 CORPORATION COPPER REEF MINING Common Shares Cudney, Robert Douglas 3 2020-01-08 10 0.4 2,353,700 5,000 CORPORATION COPPER REEF MINING Common Shares Cudney, Robert Douglas 3 2020-01-08 10 0.421 2,368,700 15,000 CORPORATION 6 COPPER REEF MINING Common Shares Cudney, Robert Douglas 3 2020-01-09 10 0.421 2,373,700 5,000 CORPORATION 6 CounterPath Corporation Common Shares Timlick, Larry Elwood 4 2015-11-02 37 11,000 -99,000 CounterPath Corporation Common Shares Timlick, Larry Elwood 4 2020-01-13 10 7.18 1,000 -10,000 CounterPath Corporation Common Shares Timlick, Larry Elwood 4 2020-01-13 10 6.129 0 -1,000 Crestview Exploration Inc. Common Shares JOUBIN, Gisele Therese 5 2020-01-16 51 0.4 26,250 25,000 Eba Crestview Exploration Inc. Options JOUBIN, Gisele Therese 5 2020-01-16 51 0.4 0 -25,000 Eba Crombie Real Estate Trust Units Special Empire Company 3 2020-01-15 30 15.79 62,060,258 14,526 Investment Trust Voting Limited 5 Crown Mining Corp. Common Shares Dunn, Stephen Ronald 4, 5 2020-01-14 10 0.03 5,861,600 100,000 Crystal Peak Minerals Inc. Common Shares Basse, Daniel William 4 2020-01-15 57 0.05 3,352,972 303,090 Voting Crystal Peak Minerals Inc. Rights Restricted Basse, Daniel William 4 2020-01-15 57 0.05 0 -303,090 Stock Units Crystal Peak Minerals Inc. Common Shares Bloomquist, De Lyle 4 2020-01-15 57 0.05 1,011,369 337,123 Voting Wade Crystal Peak Minerals Inc. Rights Restricted Bloomquist, De Lyle 4 2020-01-15 57 0.05 0 -337,123 Stock Units Wade CWC Energy Services Common Shares Apps, Robert Charles 5 2020-01-15 10 0.11 404,168 -253,665 Corp. Nelson CWC Energy Services Common Shares CWC Energy Services 1 2020-01-13 10 0.11 373,500 6,000 Corp. Corp. CWC Energy Services Common Shares CWC Energy Services 1 2020-01-14 10 0.11 400,000 26,500 Corp. Corp. CWC Energy Services Common Shares CWC Energy Services 1 2020-01-14 10 0.115 444,000 44,000 Corp. Corp. CWC Energy Services Common Shares CWC Energy Services 1 2020-01-14 10 0.11 566,000 122,000 Corp. Corp. CWC Energy Services Common Shares CWC Energy Services 1 2020-01-15 10 0.11 666,000 100,000 Corp. Corp. CWC Energy Services Common Shares CWC Energy Services 1 2020-01-15 10 0.11 716,000 50,000 Corp. Corp. CWC Energy Services Common Shares Donohue, Paul Francis 5 2020-01-14 10 0.11 0 -253,665 Corp. CWC Energy Services Common Shares Dubois, Michael 5 2020-01-14 10 0.11 80,000 -278,333 Corp. CWC Energy Services Common Shares Dubois, Michael 5 2020-01-14 10 0.115 50,000 -30,000 Corp. CWC Energy Services Common Shares Dubois, Michael 5 2020-01-14 10 0.111 0 -50,000 Corp. 4 DATA Communications Rights 2019 Cochrane, Gregory 4 2019-12-30 58 - 0 -475,733 Management Corp. James Expiration of rights DATA Communications Rights 2019 Murray, James John 4 2019-12-30 58 - 0 -19,200 Management Corp. Expiration of rights DATA Communications Rights 2019 Murray, James John 4 2019-12-30 58 - 0 -50 Management Corp. Expiration of rights
January 23, 2020 (2020), 43 OSCB 940
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Deer Horn Capital Inc. Common Shares Docherty, Tyrone Mark 4 2020-01-13 16 0.05 2,790,290 800,000 (Formerly Deer Horn Metals Inc.) Deer Horn Capital Inc. Warrants Docherty, Tyrone Mark 4 2020-01-13 16 0.1 2,760,000 800,000 (Formerly Deer Horn Metals Inc.) Digital Consumer Trust Units Brasseur, Jeremy 6 2020-01-14 10 10.26 0 -38,700 Dividend Fund Digital Consumer Trust Units Digital Consumer 1 2020-01-10 38 10.13 393,800 1,700 Dividend Fund Dividend Fund Digital Consumer Trust Units Digital Consumer 1 2020-01-13 38 10.2 395,000 1,200 Dividend Fund Dividend Fund Digital Consumer Trust Units Digital Consumer 1 2020-01-14 38 10.28 397,200 2,200 Dividend Fund Dividend Fund Digital Consumer Trust Units Digital Consumer 1 2020-01-15 38 10.21 397,800 600 Dividend Fund Dividend Fund Digital Consumer Trust Units Digital Consumer 1 2020-01-16 38 10.22 399,100 1,300 Dividend Fund Dividend Fund 9 Digital Consumer Trust Units Orrico, Dean 6 2020-01-15 10 10.25 51,700 -18,300 Dividend Fund 1 Diversified Royalty Corp. Restricted Share Units Ciampi, Johnny 4 2020-01-14 56 3.132 45,896 2,730 (Common Shares) 4 Diversified Royalty Corp. Restricted Share Units Herdler, Garry Peter 4 2020-01-14 56 3.132 31,884 3,049 (Common Shares) 4 Dore Copper Mining Common Shares Stifano, Mario 4, 5 2020-01-13 10 1.35 2,664,100 900 Corp. Dore Copper Mining Common Shares Stifano, Mario 4, 5 2020-01-13 10 1.25 2,665,000 900 Corp. Dore Copper Mining Common Shares Stifano, Mario 4, 5 2020-01-13 10 1.27 2,665,200 200 Corp. Dore Copper Mining Common Shares Stifano, Mario 4, 5 2020-01-13 10 1.34 2,665,300 100 Corp. Dore Copper Mining Common Shares Stifano, Mario 4, 5 2020-01-14 10 1.39 2,665,800 500 Corp. Dore Copper Mining Common Shares Stifano, Mario 4, 5 2020-01-14 10 1.35 2,666,300 500 Corp. Dream Hard Asset Units Dream Asset 5 2020-01-15 46 10,755,346 358,870 Alternatives Trust Management Corporation E-L Financial Corporation Common Shares Jackman, Duncan 4, 5 2020-01-10 10 815 4,526 100 Limited Newton Rowell E3 Metals Corp. Common Shares Doornbos, Christopher 4 2017-05-30 00 995,280 E3 Metals Corp. Common Shares Doornbos, Christopher 4 2020-01-06 11 0.4 1,020,280 25,000 E3 Metals Corp. Warrants Doornbos, Christopher 4 2020-01-06 53 0.6 212,500 12,500 East Coast Investment Units Arrow Capital 7 2020-01-14 10 9 67,510 1,800 Grade Income Fund Management Inc. East Coast Investment Units Arrow Capital 7 2020-01-14 10 9 20,890 100 Grade Income Fund Management Inc. Eastern Platinum Limited Options Cosic, Michael 4 2019-06-13 50 0.21 350,000 150,000 Eastern Platinum Limited Options Shi, Bielin 4 2019-06-13 50 0.21 350,000 150,000 Eco Oro Minerals Corp. Rights Contingent Amber Capital LP 3 2020-01-13 11 3E+0 5 1 Value Rights 6 Elixxer Ltd. Options Ghafari, Mohammed 4 2020-01-16 50 4,700,000 1,700,000 Elixxer Ltd. Options Haddad, Mazen 4 2020-01-16 50 12,300,000 1,700,000 Elixxer Ltd. Options Hazan, Rafi 4, 5 2020-01-16 50 4,673,000 1,700,000 Elixxer Ltd. Options McMullen, John A. D. 5 2020-01-16 50 13,350,803 406,403 Elixxer Ltd. Options Zalt, Ferras 4 2020-01-16 50 8,000,000 8,000,000 Eloro Resources Ltd. Common Shares Appleby, D. Mark 6 2020-01-15 90 0 -54,500 Eloro Resources Ltd. Common Shares Appleby, D. Mark 6 2020-01-15 90 154,500 54,500 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 2019-12-12 10 0.25 20,000 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 2019-12-12 10 0.25 20,000 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 2019-12-13 10 0.26 10,000 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 2019-12-13 10 0.26 10,000 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 2019-12-13 10 0.25 15,000
January 23, 2020 (2020), 43 OSCB 941
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 2019-12-13 10 0.25 15,000 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 2019-12-16 10 0.27 5,000 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 2019-12-16 10 0.27 5,000 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 2020-01-10 10 0.34 583,325 25,000 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 2020-01-10 10 0.375 2,001,000 23,000 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 2020-01-10 10 0.34 2,021,000 20,000 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 2020-01-10 10 0.335 2,031,000 10,000 Emerald Health Options Hepburn, Jennifer 5 2019-10-29 00 125,000 Therapeutics, Inc. Emerald Health Rights Restricted Hepburn, Jennifer 5 2019-10-29 00 5,000 Therapeutics, Inc. Share Units Emerald Health Common Shares Hepburn, Jennifer 5 2019-10-29 00 Therapeutics, Inc. (formerly T-Bird Pharma Inc.) Emerald Health Common Shares Hepburn, Jennifer 5 2019-10-29 00 Therapeutics, Inc. (formerly T-Bird Pharma Inc.) Empire Company Limited Non-Voting Shares Sobey, Paul David 4, 5 2020-01-14 47 485,957 -9,850 Class A Empire Company Limited Non-Voting Shares Sobey, Paul David 4, 5 2020-01-17 10 10,000 Class A Empire Company Limited Non-Voting Shares Sobey, Paul David 4, 5 2020-01-17 10 10,000 Class A Empire Company Limited Non-Voting Shares Sobey, Paul David 4, 5 2020-01-17 10 31.35 495,957 10,000 Class A 4 Encana Corporation Options Alexander, Joanne 5 2020-01-12 52 15.51 218,138 -70,989 Linette enCore Energy Corp. Common Shares Stover, Dennis Eugene 4, 5 2015-08-01 00 5,000 enCore Energy Corp. Common Shares Stover, Dennis Eugene 4, 5 2020-01-17 10 0.114 0 -5,000 Endeavour Mining Common Shares LA MANCHA HOLDING 3 2020-01-09 10 23.40 32,982,999 15,000 Corporation S.A.R.L. 2 Endeavour Mining Common Shares LA MANCHA HOLDING 3 2020-01-10 10 23.96 32,989,499 6,500 Corporation S.A.R.L. 1 Endeavour Mining Common Shares LA MANCHA HOLDING 3 2020-01-13 10 23.70 32,996,799 7,300 Corporation S.A.R.L. 2 Endeavour Silver Corp. Common Shares Walton, Godfrey John 4 2020-01-07 51 2.65 134,147 6,000 Endeavour Silver Corp. Common Shares Walton, Godfrey John 4 2020-01-07 10 3.11 128,147 -6,000 Endeavour Silver Corp. Options Walton, Godfrey John 4 2020-01-07 51 2.65 -6,000 Endeavour Silver Corp. Options Walton, Godfrey John 4 2020-01-07 51 2.65 -6,000 Endurance Gold Common Shares Boyd, Robert T. 4, 5 2020-01-15 10 0.05 1,616,000 5,000 Corporation Enerdynamic Hybrid Common Shares Woolford, David 4 2020-01-14 10 0.047 23,223,914 4,000 Technologies Corp. 5 Enghouse Systems Common Shares Anidjar, Sam 5 2020-01-15 51 24.23 30,000 Limited 5 Enghouse Systems Common Shares Anidjar, Sam 5 2020-01-15 51 24.23 30,000 Limited 5 Enghouse Systems Common Shares Anidjar, Sam 5 2020-01-15 10 51.89 30,000 Limited Enghouse Systems Common Shares Anidjar, Sam 5 2020-01-15 10 51.89 30,000 Limited Enghouse Systems Common Shares Anidjar, Sam 5 2020-01-15 51 24.23 30,000 30,000 Limited 5 Enghouse Systems Common Shares Anidjar, Sam 5 2020-01-15 10 51.89 30,000 Limited Enghouse Systems Common Shares Anidjar, Sam 5 2020-01-15 10 51.89 0 -30,000 Limited Enghouse Systems Options Employee Anidjar, Sam 5 2020-01-15 51 24.23 30,000 Limited Stock Option 5 Enghouse Systems Options Employee Anidjar, Sam 5 2020-01-15 51 24.23 30,000 Limited Stock Option 5 Enghouse Systems Options Employee Anidjar, Sam 5 2020-01-15 51 24.23 30,000 Limited Stock Option 5
January 23, 2020 (2020), 43 OSCB 942
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Enghouse Systems Options Employee Anidjar, Sam 5 2020-01-15 51 24.23 60,000 -30,000 Limited Stock Option 5 Enghouse Systems Common Shares Lassonde, Pierre 3, 4 2020-01-14 10 9.535 436,895 20,000 Limited Enghouse Systems Common Shares Lassonde, Pierre 3, 4 2020-01-14 10 51.75 416,895 -20,000 Limited 4 Enghouse Systems Options Employee Lassonde, Pierre 3, 4 2020-01-14 51 35,000 -20,000 Limited Stock Option Enghouse Systems Common Shares Stoyan, Paul James 4 2020-01-13 10 52 107,900 -12,500 Limited Enterprise Group, Inc. Common Shares JAROSZUK, LEONARD 4, 5 2020-01-15 10 0.19 6,081,856 7,000 Enthusiast Gaming Common Shares Beckerman, Michael 4 2019-08-26 00 41,666 Holdings Inc. (formerly J55 Capital Corp.) Equitable Group Inc. Common Shares Wilson, Timothy James 5 2020-01-13 90 15,480 -75 Equitable Group Inc. Common Shares Wilson, Timothy James 5 2020-01-13 90 108 75 ESSA Pharma Inc. Common Shares BERGER, FRANKLIN 4 2020-01-17 99 -273,843 MILAN ESSA Pharma Inc. Common Shares BERGER, FRANKLIN 4 2020-01-17 99 212,845 -273,843 MILAN Essential Energy Services Options Amundson, Garnet K. 4, 5 2020-01-14 52 -80,000 Ltd. Essential Energy Services Options Amundson, Garnet K. 4, 5 2020-01-14 52 1.46 1,685,000 -80,000 Ltd. Essential Energy Services Options Heck, Eldon 5 2020-01-14 52 1.46 843,417 -55,000 Ltd. Essential Energy Services Options NEWMAN, JEFFREY 5 2020-01-14 52 1.46 857,583 -55,000 Ltd. BURT Essential Energy Services Options PERASALO, KAREN 5 2020-01-14 52 1.46 677,583 -55,000 Ltd. DENISE Etrion Corporation Rights Restricted Lundin, Ian Henrik 4, 5 2019-12-31 58 - 0 -250,000 Share Units (RSUs) Expiration of rights Eurolife Brands Inc. Common Shares Hamelin, Lindsay 4 2020-01-15 16 0.05 892,000 150,000 Eurolife Brands Inc. Warrants Hamelin, Lindsay 4 2020-01-15 16 570,000 150,000 Eurolife Brands Inc. Common Shares Moniz, Shawn 3, 4, 5 2020-01-15 16 0.05 42,434,739 2,000,000 Eurolife Brands Inc. Warrants Moniz, Shawn 3, 4, 5 2020-01-15 16 3,588,000 2,000,000 European Focused Trust Units European Focused 1 2020-01-16 38 8.162 1,090,100 700 Dividend Fund Dividend Fund 9 Excellon Resources Inc. Restricted Share Units Pullinger, Benjamin 5 2019-12-15 58 - 401,050 -50,000 Expiration of rights Exco Technologies Common Shares Turnbull, AnneMarie 4 2020-01-16 10 7.8 11,900 100 Limited Exco Technologies Common Shares Turnbull, AnneMarie 4 2020-01-17 10 7.8 12,800 900 Limited EXFO Inc. (formerly know Restricted Share Units Fitts, Robert 5 2020-01-13 57 5.65 -600 as EXFO Electro-Optical Engineering Inc.) EXFO Inc. (formerly know Restricted Share Units Fitts, Robert 5 2020-01-13 57 5.65 0 -600 as EXFO Electro-Optical Engineering Inc.) EXFO Inc. (formerly know Subordinate Voting Fitts, Robert 5 2020-01-13 57 5.65 600 600 as EXFO Electro-Optical Shares Engineering Inc.) EXFO Inc. (formerly know Subordinate Voting Fitts, Robert 5 2020-01-13 10 5.531 0 -600 as EXFO Electro-Optical Shares 1 Engineering Inc.) EXFO Inc. (formerly know Restricted Share Units Meske, Hans-Peter, Kurt 7 2020-01-14 56 5.61 12,200 2,500 as EXFO Electro-Optical Engineering Inc.) EXFO Inc. (formerly know Restricted Share Units Ringuette, Benoit 5 2020-01-13 57 5.65 19,495 -1,250 as EXFO Electro-Optical Engineering Inc.) EXFO Inc. (formerly know Subordinate Voting Ringuette, Benoit 5 2020-01-13 57 5.65 1,250 1,250 as EXFO Electro-Optical Shares Engineering Inc.)
January 23, 2020 (2020), 43 OSCB 943
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings EXFO Inc. (formerly know Subordinate Voting Ringuette, Benoit 5 2020-01-13 10 5.531 555 -695 as EXFO Electro-Optical Shares 1 Engineering Inc.) Fairfax Financial Holdings Subordinate Voting Watsa, V. Prem 3, 4, 6, 2018-01-02 90 85,352 -43,600 Limited Shares 5 Fairfax Financial Holdings Subordinate Voting Watsa, V. Prem 3, 4, 6, 2002-10-03 00 Limited Shares 5 Fairfax Financial Holdings Subordinate Voting Watsa, V. Prem 3, 4, 6, 2020-01-02 90 173,335 173,335 Limited Shares 5 Fairfax Financial Holdings Subordinate Voting Watsa, V. Prem 3, 4, 6, 2020-01-02 90 0 -173,335 Limited Shares 5 Fairfax Financial Holdings Subordinate Voting Watsa, V. Prem 3, 4, 6, 2018-01-02 90 43,600 43,600 Limited Shares 5 Fairfax Financial Holdings Subordinate Voting Watsa, V. Prem 3, 4, 6, 2020-01-01 90 0 -173,335 Limited Shares 5 Fairfax Financial Holdings Subordinate Voting Watsa, V. Prem 3, 4, 6, 2002-10-03 00 Limited Shares 5 Fairfax Financial Holdings Subordinate Voting Watsa, V. Prem 3, 4, 6, 2020-01-01 90 173,335 173,335 Limited Shares 5 Fairfax Financial Holdings Subordinate Voting Watsa, V. Prem 3, 4, 6, 2020-01-02 90 0 -173,335 Limited Shares 5 Fairfax Financial Holdings Subordinate Voting Watsa, V. Prem 3, 4, 6, 2002-10-03 00 Limited Shares 5 Fairfax Financial Holdings Subordinate Voting Watsa, V. Prem 3, 4, 6, 2020-01-02 90 173,335 173,335 Limited Shares 5 Fiera Capital Corporation Restricted Share Units Bourdon, François 5 2020-01-15 59 11.71 14,764 -3,584 (formerly Fiera Sceptre (CASH) Inc.) Finning International Inc. Common Shares Amar, Juan Pablo 5 2019-12-31 30 23.61 23,741 2,726 Finning International Inc. Common Shares Cummings, David 5 2019-12-31 30 24.63 51,874 2,485 William Finning International Inc. Common Shares Damjanic Yutronic, 5 2019-12-31 30 23.61 8,158 3,010 Pedro Antonio Finning International Inc. Common Shares Day, Russell Willard 5 2019-12-31 30 22.97 11,785 2,798 Finning International Inc. Common Shares Erdman, Jeff 5 2019-12-31 30 25.51 9,020 1,303 Finning International Inc. Common Shares Guridi, Sebastian Tomas 5 2019-12-31 30 23.87 11,979 1,960 Finning International Inc. Common Shares Hale, Mona 5 2019-12-31 30 25.51 14,984 1,718 Finning International Inc. Common Shares Harrod, Darcy Joel 5 2019-12-31 30 25.03 8,080 1,690 Finning International Inc. Common Shares Hiley, Chad, Stephen 5 2019-12-31 30 23.96 8,467 2,065 Finning International Inc. Common Shares Hobson, Amanda Fern 5 2019-08-01 00 Finning International Inc. Common Shares Hobson, Amanda Fern 5 2019-12-31 30 24.32 273 273 Finning International Inc. Common Shares Hogg, Mark Stephen 5 2019-12-31 30 24.06 440 129 Finning International Inc. Common Shares Marks, Anna Pia 5 2019-12-31 30 23.26 24,211 2,252 Finning International Inc. Common Shares Murdoch, Heather Jane 5 2019-12-31 30 24.2 3,863 1,178 Finning International Inc. Common Shares Nielsen, Steven Mathew 5 2019-12-31 30 22.97 25,045 6,172 Finning International Inc. Common Shares Palaschuk, Gregory 5 2019-12-31 30 23.96 20,662 3,032 Finning International Inc. Common Shares Parkes, Kevin 5 2019-12-31 30 24.94 1,251 Finning International Inc. Common Shares Parkes, Kevin 5 2019-12-31 30 24.94 1,673 1,265 Finning International Inc. Common Shares Thomson, Scott 5 2019-12-31 30 24.63 180,608 7,645 Firm Capital American Common Shares Dadouch, Eli 4 2020-01-07 10 6.98 300 Realty Partners Corp. (formerly Delavaco Residential Properties Corp.) Firm Capital American Common Shares Dadouch, Eli 4 2020-01-07 10 6.98 284,428 300 Realty Partners Corp. (formerly Delavaco Residential Properties Corp.) Firm Capital American Trust Units AJMERA, OJUS 4 2020-01-13 10 8 628,684 10,000 Realty Partners Trust Firm Capital American Trust Units Dadouch, Eli 4 2020-01-09 10 8 1,000 Realty Partners Trust Firm Capital American Trust Units Dadouch, Eli 4 2020-01-09 10 8 285,428 1,000 Realty Partners Trust
January 23, 2020 (2020), 43 OSCB 944
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Firm Capital American Trust Units Dadouch, Eli 4 2020-01-13 10 8.02 285,928 500 Realty Partners Trust Firm Capital American Trust Units Dadouch, Eli 4 2020-01-14 10 8.02 287,428 1,500 Realty Partners Trust Firm Capital American Trust Units DiCapo, Pasquale 3, 4 2020-01-13 10 8 616,346 6,000 Realty Partners Trust Firm Capital Property Units Poklar, Sandy Ivan 4, 5 2020-01-15 10 6.75 59,619 400 Trust Firm Capital Property Units Poklar, Sandy Ivan 4, 5 2020-01-15 10 6.75 2,116 145 Trust Firm Capital Property Units Poklar, Sandy Ivan 4, 5 2020-01-15 10 6.75 19,257 365 Trust First Mining Gold Corp. Common Shares Engquist, Kenneth 5 2020-01-15 10 0.25 160,000 30,000 Five Star Diamonds Common Shares South, Jeremy Thomas 4, 5 2020-01-13 10 0.05 450,000 10,000 Limited Five Star Diamonds Common Shares South, Jeremy Thomas 4, 5 2020-01-13 10 0.045 470,000 20,000 Limited Foran Mining Corporation Common Shares March, Roger Bursell 5 2020-01-14 51 0.2 373,750 100,000 Foran Mining Corporation Common Shares March, Roger Bursell 5 2020-01-14 51 0.11 698,750 325,000 Foran Mining Corporation Options March, Roger Bursell 5 2020-01-14 51 0.2 805,000 -100,000 Foran Mining Corporation Options March, Roger Bursell 5 2020-01-14 51 0.11 480,000 -325,000 Foran Mining Corporation Common Shares Petroff, David Michael 4 2020-01-14 51 0.2 109,615 75,000 Foran Mining Corporation Common Shares Petroff, David Michael 4 2020-01-14 51 0.11 209,615 100,000 Foran Mining Corporation Options Petroff, David Michael 4 2020-01-14 51 0.2 660,000 -75,000 Foran Mining Corporation Options Petroff, David Michael 4 2020-01-14 51 0.11 560,000 -100,000 Foran Mining Corporation Common Shares Soares, Patrick 5 2020-01-14 51 0.2 3,950,770 125,000 Foran Mining Corporation Common Shares Soares, Patrick 5 2020-01-14 51 0.11 4,475,770 525,000 Foran Mining Corporation Options Soares, Patrick 5 2020-01-14 51 0.2 1,205,000 -125,000 Foran Mining Corporation Options Soares, Patrick 5 2020-01-14 51 0.11 680,000 -525,000 Foran Mining Corporation Common Shares Tagami, Maurice Alan 4 2020-01-14 51 0.2 1,056,500 75,000 Foran Mining Corporation Common Shares Tagami, Maurice Alan 4 2020-01-14 10 0.11 1,316,500 260,000 Foran Mining Corporation Options Tagami, Maurice Alan 4 2020-01-14 51 0.2 740,000 -75,000 Foran Mining Corporation Options Tagami, Maurice Alan 4 2020-01-14 51 0.11 480,000 -260,000 Foran Mining Corporation Common Shares Thiessen, Tim 5 2020-01-14 11 0.2 279,750 100,000 Foran Mining Corporation Options Thiessen, Tim 5 2020-01-14 51 0.2 945,000 -100,000 Fortis Inc. Performance Share Apsey, Linda 7 2019-03-01 30 78,046 739 Units (ITC) Fortis Inc. Performance Share Apsey, Linda 7 2019-06-03 30 119,372 1,044 Units (ITC) Fortis Inc. Performance Share Apsey, Linda 7 2019-09-03 30 120,355 983 Units (ITC) Fortis Inc. Performance Share Apsey, Linda 7 2019-12-02 30 121,455 1,100 Units (ITC) Fortis Inc. Restricted Share Units Apsey, Linda 7 2019-03-01 30 39,023 370 (ITC) Fortis Inc. Restricted Share Units Apsey, Linda 7 2019-06-03 30 59,686 522 (ITC) Fortis Inc. Restricted Share Units Apsey, Linda 7 2019-09-03 30 60,177 491 (ITC) Fortis Inc. Restricted Share Units Apsey, Linda 7 2019-12-02 30 60,727 550 (ITC) Fortis Inc. Restricted Share Units Apsey, Linda 7 2020-01-14 59 39,031 -21,696 (ITC) Fortis Inc. Performance Share Hinsley, Ronald 5 2019-03-01 30 12,270 77 Units (ITC) Fortis Inc. Performance Share Hinsley, Ronald 5 2019-06-03 30 12,378 108 Units (ITC) Fortis Inc. Performance Share Hinsley, Ronald 5 2019-09-03 30 12,479 101 Units (ITC) Fortis Inc. Performance Share Hinsley, Ronald 5 2019-12-02 30 12,592 113 Units (ITC) Fortis Inc. Restricted Share Units Hinsley, Ronald 5 2019-03-01 30 6,134 39 (ITC)
January 23, 2020 (2020), 43 OSCB 945
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Fortis Inc. Restricted Share Units Hinsley, Ronald 5 2019-06-03 30 6,188 54 (ITC) Fortis Inc. Restricted Share Units Hinsley, Ronald 5 2019-09-03 30 6,239 51 (ITC) Fortis Inc. Restricted Share Units Hinsley, Ronald 5 2019-12-02 30 6,295 56 (ITC) Fortis Inc. Restricted Share Units Hinsley, Ronald 5 2020-01-14 59 4,024 -2,271 (ITC) Fortis Inc. Performance Share Holloway, Gretchen 7 2019-03-01 30 25,536 242 Units (ITC) Fortis Inc. Performance Share Holloway, Gretchen 7 2019-06-03 30 39,628 346 Units (ITC) Fortis Inc. Performance Share Holloway, Gretchen 7 2019-09-03 30 39,954 326 Units (ITC) Fortis Inc. Performance Share Holloway, Gretchen 7 2019-12-02 30 40,320 366 Units (ITC) Fortis Inc. Restricted Share Units Holloway, Gretchen 7 2019-03-01 30 12,768 121 (ITC) Fortis Inc. Restricted Share Units Holloway, Gretchen 7 2019-06-03 30 19,814 173 (ITC) Fortis Inc. Restricted Share Units Holloway, Gretchen 7 2019-09-03 30 19,977 163 (ITC) Fortis Inc. Restricted Share Units Holloway, Gretchen 7 2019-12-02 30 20,160 183 (ITC) Fortis Inc. Restricted Share Units Holloway, Gretchen 7 2020-01-14 59 13,352 -6,808 (ITC) Fortis Inc. Performance Share Jipping, Jon 7 2019-03-01 30 40,243 381 Units (ITC) Fortis Inc. Performance Share Jipping, Jon 7 2019-06-03 30 61,221 535 Units (ITC) Fortis Inc. Performance Share Jipping, Jon 7 2019-09-03 30 61,726 505 Units (ITC) Fortis Inc. Performance Share Jipping, Jon 7 2019-12-02 30 62,290 564 Units (ITC) Fortis Inc. Restricted Share Units Jipping, Jon 7 2019-03-01 30 20,121 191 (ITC) Fortis Inc. Restricted Share Units Jipping, Jon 7 2019-06-03 30 30,611 268 (ITC) Fortis Inc. Restricted Share Units Jipping, Jon 7 2019-09-03 30 30,863 252 (ITC) Fortis Inc. Restricted Share Units Jipping, Jon 7 2019-12-02 30 31,145 282 (ITC) Fortis Inc. Restricted Share Units Jipping, Jon 7 2020-01-14 59 19,938 -11,207 (ITC) Founders Advantage Common Shares Class Ward, J. R. Kingsley 4 2020-01-13 10 1.43 166 100 Capital Corp. A Founders Advantage Common Shares Class Ward, J. R. Kingsley 4 2020-01-13 10 1.43 1,366 1,200 Capital Corp. A Freeform Capital Partners Common Shares Hutchins, Lewis 3 2020-01-14 00 300,000 Inc. Freeform Capital Partners Common Shares Suelzle, Alex 4 2020-01-14 00 400,000 Inc. Freeform Capital Partners Options Suelzle, Alex 4 2020-01-14 00 56,818 Inc. Freehold Royalties Ltd. Deferred Share Units BUGEAUD, GARY 4 2019-04-15 30 9.51 29,004 159 RONALD JOSEPH Freehold Royalties Ltd. Deferred Share Units BUGEAUD, GARY 4 2019-05-15 30 8.77 29,178 174 RONALD JOSEPH Freehold Royalties Ltd. Deferred Share Units BUGEAUD, GARY 4 2019-06-15 30 8.12 29,367 189 RONALD JOSEPH Freehold Royalties Ltd. Deferred Share Units BUGEAUD, GARY 4 2019-07-15 30 8.38 29,551 184 RONALD JOSEPH Freehold Royalties Ltd. Deferred Share Units BUGEAUD, GARY 4 2019-08-15 30 7.55 29,756 205 RONALD JOSEPH Freehold Royalties Ltd. Deferred Share Units BUGEAUD, GARY 4 2019-09-15 30 7.76 29,957 201 RONALD JOSEPH
January 23, 2020 (2020), 43 OSCB 946
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Freehold Royalties Ltd. Deferred Share Units BUGEAUD, GARY 4 2019-10-15 30 6.99 30,182 225 RONALD JOSEPH Freehold Royalties Ltd. Deferred Share Units BUGEAUD, GARY 4 2019-11-15 30 6.84 30,414 232 RONALD JOSEPH Freehold Royalties Ltd. Deferred Share Units BUGEAUD, GARY 4 2019-12-15 30 7.09 30,639 225 RONALD JOSEPH Freehold Royalties Ltd. Deferred Share Units HARRISON, PETER T 4 2019-04-15 30 9.51 22,215 122 Freehold Royalties Ltd. Deferred Share Units HARRISON, PETER T 4 2019-05-15 30 8.77 22,348 133 Freehold Royalties Ltd. Deferred Share Units HARRISON, PETER T 4 2019-06-15 30 8.12 22,493 145 Freehold Royalties Ltd. Deferred Share Units HARRISON, PETER T 4 2019-07-15 30 8.38 22,634 141 Freehold Royalties Ltd. Deferred Share Units HARRISON, PETER T 4 2019-08-15 30 7.55 22,791 157 Freehold Royalties Ltd. Deferred Share Units HARRISON, PETER T 4 2019-09-15 30 7.76 22,945 154 Freehold Royalties Ltd. Deferred Share Units HARRISON, PETER T 4 2019-10-15 30 6.99 23,117 172 Freehold Royalties Ltd. Deferred Share Units HARRISON, PETER T 4 2019-11-15 30 6.84 23,294 177 Freehold Royalties Ltd. Deferred Share Units HARRISON, PETER T 4 2019-12-15 30 7.09 23,467 173 Freehold Royalties Ltd. Deferred Share Units Kay, J. Douglas 4 2019-04-15 30 9.51 23,740 130 Freehold Royalties Ltd. Deferred Share Units Kay, J. Douglas 4 2019-05-15 30 8.77 23,882 142 Freehold Royalties Ltd. Deferred Share Units Kay, J. Douglas 4 2019-06-15 30 8.12 24,037 155 Freehold Royalties Ltd. Deferred Share Units Kay, J. Douglas 4 2019-07-15 30 8.38 24,188 151 Freehold Royalties Ltd. Deferred Share Units Kay, J. Douglas 4 2019-08-15 30 7.55 24,356 168 Freehold Royalties Ltd. Deferred Share Units Kay, J. Douglas 4 2019-09-15 30 7.76 24,521 165 Freehold Royalties Ltd. Deferred Share Units Kay, J. Douglas 4 2019-10-15 30 6.99 24,705 184 Freehold Royalties Ltd. Deferred Share Units Kay, J. Douglas 4 2019-11-15 30 6.84 24,895 190 Freehold Royalties Ltd. Deferred Share Units Kay, J. Douglas 4 2019-12-15 30 7.09 25,079 184 Freehold Royalties Ltd. Deferred Share Units Korpach, Arthur Neil 4 2019-04-15 30 9.51 40,045 220 Freehold Royalties Ltd. Deferred Share Units Korpach, Arthur Neil 4 2019-05-15 30 8.77 40,285 240 Freehold Royalties Ltd. Deferred Share Units Korpach, Arthur Neil 4 2019-06-15 30 8.12 40,546 261 Freehold Royalties Ltd. Deferred Share Units Korpach, Arthur Neil 4 2019-07-15 30 8.38 40,800 254 Freehold Royalties Ltd. Deferred Share Units Korpach, Arthur Neil 4 2019-08-15 30 7.55 41,084 284 Freehold Royalties Ltd. Deferred Share Units Korpach, Arthur Neil 4 2019-09-15 30 7.76 41,362 278 Freehold Royalties Ltd. Deferred Share Units Korpach, Arthur Neil 4 2019-10-15 30 6.99 41,672 310 Freehold Royalties Ltd. Deferred Share Units Korpach, Arthur Neil 4 2019-11-15 30 6.84 41,992 320 Freehold Royalties Ltd. Deferred Share Units Korpach, Arthur Neil 4 2019-12-15 30 7.09 42,303 311 Freehold Royalties Ltd. PSU Lamond, Robert Edward 5 2018-03-19 56 12.47 9,752 5,572 Freehold Royalties Ltd. PSU Lamond, Robert Edward 5 2019-03-26 56 8.67 18,845 9,093 Freehold Royalties Ltd. RSU Lamond, Robert Edward 5 2019-03-26 57 8.67 1,702 -1,084 Freehold Royalties Ltd. RSU Lamond, Robert Edward 5 2019-03-26 56 8.67 4,733 3,031 Freehold Royalties Ltd. Deferred Share Units MacKenzie, Susan Mary 4 2019-04-15 30 9.51 32,388 178 Freehold Royalties Ltd. Deferred Share Units MacKenzie, Susan Mary 4 2019-05-15 30 8.77 32,582 194 Freehold Royalties Ltd. Deferred Share Units MacKenzie, Susan Mary 4 2019-06-15 30 8.12 32,793 211 Freehold Royalties Ltd. Deferred Share Units MacKenzie, Susan Mary 4 2019-07-15 30 8.38 32,998 205 Freehold Royalties Ltd. Deferred Share Units MacKenzie, Susan Mary 4 2019-08-15 30 7.55 33,228 230 Freehold Royalties Ltd. Deferred Share Units MacKenzie, Susan Mary 4 2019-09-15 30 7.76 33,453 225 Freehold Royalties Ltd. Deferred Share Units MacKenzie, Susan Mary 4 2019-10-15 30 6.99 33,704 251 Freehold Royalties Ltd. Deferred Share Units MacKenzie, Susan Mary 4 2019-11-15 30 6.84 33,963 259 Freehold Royalties Ltd. Deferred Share Units MacKenzie, Susan Mary 4 2019-12-15 30 7.09 34,214 251 Freehold Royalties Ltd. PSU Mullane, Tom 4, 5 2018-03-19 56 12.47 19,582 11,750 Freehold Royalties Ltd. PSU Mullane, Tom 4, 5 2019-03-26 56 8.67 40,447 20,865 Freehold Royalties Ltd. RSU Mullane, Tom 4, 5 2019-03-26 57 8.67 -870 Freehold Royalties Ltd. RSU Mullane, Tom 4, 5 2019-03-26 57 8.67 3,482 -2,176 Freehold Royalties Ltd. RSU Mullane, Tom 4, 5 2019-03-26 56 8.67 10,437 6,955 Freehold Royalties Ltd. Deferred Share Units Romanow, Marvin F. 4 2019-04-15 30 9.51 40,375 222 Freehold Royalties Ltd. Deferred Share Units Romanow, Marvin F. 4 2019-05-15 30 8.77 40,617 242 Freehold Royalties Ltd. Deferred Share Units Romanow, Marvin F. 4 2019-06-15 30 8.12 40,880 263 Freehold Royalties Ltd. Deferred Share Units Romanow, Marvin F. 4 2019-07-15 30 8.38 41,136 256 Freehold Royalties Ltd. Deferred Share Units Romanow, Marvin F. 4 2019-08-15 30 7.55 41,422 286 Freehold Royalties Ltd. Deferred Share Units Romanow, Marvin F. 4 2019-09-15 30 7.76 41,702 280 Freehold Royalties Ltd. Deferred Share Units Romanow, Marvin F. 4 2019-10-15 30 6.99 42,015 313
January 23, 2020 (2020), 43 OSCB 947
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Freehold Royalties Ltd. Deferred Share Units Romanow, Marvin F. 4 2019-11-15 30 6.84 42,337 322 Freehold Royalties Ltd. Deferred Share Units Romanow, Marvin F. 4 2019-12-15 30 7.09 42,651 314 Freehold Royalties Ltd. PSU Spyker, David Michael 5 2018-03-19 56 12.47 10,010 5,572 Freehold Royalties Ltd. PSU Spyker, David Michael 5 2019-03-26 56 8.67 22,114 12,104 Freehold Royalties Ltd. RSU Spyker, David Michael 5 2019-03-26 57 8.67 1,731 -1,112 Freehold Royalties Ltd. RSU Spyker, David Michael 5 2019-03-26 56 8.67 5,766 4,035 Freehold Royalties Ltd. PSU Stone, Michael John 5 2018-03-19 56 12.47 9,749 5,572 Freehold Royalties Ltd. PSU Stone, Michael John 5 2019-03-26 56 8.67 18,842 9,093 Freehold Royalties Ltd. RSU Stone, Michael John 5 2019-03-26 57 8.67 1,083 Freehold Royalties Ltd. RSU Stone, Michael John 5 2019-03-26 57 8.67 1,702 -1,083 Freehold Royalties Ltd. RSU Stone, Michael John 5 2019-03-26 56 8.67 4,733 3,031 Freehold Royalties Ltd. PSU TAYLOR, KAREN C 5 2018-03-19 56 12.47 2,237 1,193 Freehold Royalties Ltd. PSU TAYLOR, KAREN C 5 2019-03-26 56 8.67 5,614 3,377 Freehold Royalties Ltd. RSU TAYLOR, KAREN C 5 2019-03-26 57 8.67 1,143 -746 Freehold Royalties Ltd. RSU TAYLOR, KAREN C 5 2019-03-26 56 8.67 4,520 3,377 Freehold Royalties Ltd. Deferred Share Units Walsh, Aidan Murphy 4 2019-04-15 30 9.51 35,932 198 Freehold Royalties Ltd. Deferred Share Units Walsh, Aidan Murphy 4 2019-05-15 30 8.77 36,147 215 Freehold Royalties Ltd. Deferred Share Units Walsh, Aidan Murphy 4 2019-06-15 30 8.12 36,381 234 Freehold Royalties Ltd. Deferred Share Units Walsh, Aidan Murphy 4 2019-07-15 30 8.38 36,609 228 Freehold Royalties Ltd. Deferred Share Units Walsh, Aidan Murphy 4 2019-08-15 30 7.55 36,864 255 Freehold Royalties Ltd. Deferred Share Units Walsh, Aidan Murphy 4 2019-09-15 30 7.76 37,113 249 Freehold Royalties Ltd. Deferred Share Units Walsh, Aidan Murphy 4 2019-10-15 30 6.99 37,392 279 Freehold Royalties Ltd. Deferred Share Units Walsh, Aidan Murphy 4 2019-11-15 30 6.84 37,679 287 Freehold Royalties Ltd. Deferred Share Units Walsh, Aidan Murphy 4 2019-12-15 30 7.09 37,958 279 FSD Pharma Inc. Warrants Durkacz, Anthony John 3, 4 2018-05-24 37 0.038 215,460 FSD Pharma Inc. Warrants Durkacz, Anthony John 3, 4 2018-05-24 37 0.038 29,200,337 215,460 FSD Pharma Inc. Warrants Durkacz, Anthony John 3, 4 2019-12-29 55 7.638 37,313 -1,072 FSD Pharma Inc. Warrants Durkacz, Anthony John 3, 4 2020-01-04 55 6.03 0 -37,313 GABY Inc. Common Shares Micallef, Margot Mary 6 2020-01-15 16 0.06 34,730,732 16,666,666 Galane Gold Ltd. Common Shares Titaro, Dino 4 2019-06-14 00 Galane Gold Ltd. Common Shares Titaro, Dino 4 2020-01-15 10 0.09 100,000 100,000 Galleon Gold Corp. Common Shares 2176423 Ontario Ltd. 3 2020-01-09 36 0.05 70,221,732 60,000,000 Galleon Gold Corp. Convertible 2176423 Ontario Ltd. 3 2020-01-09 36 0.05 $0 -$60,000,000 Debentures Galleon Gold Corp. Common Shares Sprott, Eric S. 3 2020-01-09 36 0.05 70,221,732 60,000,000 Galleon Gold Corp. Convertible Sprott, Eric S. 3 2020-01-09 36 0.05 $0 -$60,000,000 Debentures Galway Metals Inc. Common Shares Hinchcliffe, Robert 3, 4, 5 2020-01-17 10 0.31 13,605,519 45,000 Galway Metals Inc. Common Shares Hinchcliffe, Robert 3, 4, 5 2020-01-17 10 0.315 13,620,519 15,000 Gamesys Group plc Options Bressler, Robert Jeffrey 5 2019-11-20 51 2.42 160,000 -27,206 (previously, JPJ Group plc) Gamesys Group plc Ordinary Shares Bressler, Robert Jeffrey 5 2019-11-20 51 2.42 38,981 27,206 (previously, JPJ Group plc) Gear Energy Ltd. Common Shares Wang, Wilson 4 2020-01-03 10 0.47 3,554,847 -9,211 Gear Energy Ltd. Common Shares Wang, Wilson 4 2020-01-06 10 0.47 3,554,347 -500 Gear Energy Ltd. Common Shares Wang, Wilson 4 2020-01-07 10 0.48 3,553,847 -500 Glance Technologies Inc. Restricted share units Herrington, Kirk 4 2020-01-10 56 507,904 181,818 Glance Technologies Inc. Restricted share units Hoyles, Jonathan 5 2020-01-10 56 455,275 25,175 Glance Technologies Inc. Restricted share units Steve, Cadigan 4 2020-01-10 56 380,930 136,364 Glance Technologies Inc. Restricted share units Timlick, Larry Elwood 4 2020-01-10 56 380,930 136,364 Glance Technologies Inc. Restricted share units Topham, James Walter 4 2020-01-10 56 507,904 181,818 Global Innovation Trust Units Global Innovation 1 2020-01-10 38 10.94 1,008,900 100 Dividend Fund Dividend Fund Global Innovation Trust Units Global Innovation 1 2020-01-14 38 10.99 1,010,500 1,600 Dividend Fund Dividend Fund 4 Global Innovation Trust Units Lauzon, Robert 7 2020-01-14 10 11 0 -500 Dividend Fund
January 23, 2020 (2020), 43 OSCB 948
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Global Innovation Trust Units Lauzon, Robert 7 2020-01-14 10 11 0 -800 Dividend Fund Globalive Technology Inc. Common Shares Lacavera, Anthony 3, 4, 5 2020-01-09 36 43,594,346 275,000 (formerly, Corporate Catalyst Acquisition Inc.) Globalive Technology Inc. Restricted Share Units Lacavera, Anthony 3, 4, 5 2020-01-09 36 775,001 -275,000 (formerly, Corporate Catalyst Acquisition Inc.) Globalive Technology Inc. Common Shares Lockie, Simon David 6, 5 2020-01-09 36 291,666 125,000 (formerly, Corporate Catalyst Acquisition Inc.) Globalive Technology Inc. Restricted Share Units Lockie, Simon David 6, 5 2020-01-09 36 208,334 -125,000 (formerly, Corporate Catalyst Acquisition Inc.) Globalive Technology Inc. Common Shares Nirenberski, Gerald 5 2020-01-09 36 291,766 125,000 (formerly, Corporate Scott Catalyst Acquisition Inc.) Globalive Technology Inc. Restricted Share Units Nirenberski, Gerald 5 2020-01-09 36 208,334 -125,000 (formerly, Corporate Scott Catalyst Acquisition Inc.) Globalive Technology Inc. Common Shares Scheschuk, Brice Nolan 6, 5 2020-01-09 36 249,999 83,333 (formerly, Corporate Catalyst Acquisition Inc.) Globalive Technology Inc. Restricted Share Units Scheschuk, Brice Nolan 6, 5 2020-01-09 36 250,001 -83,333 (formerly, Corporate Catalyst Acquisition Inc.) Globalive Technology Inc. Common Shares Theofilos, Jason 4 2020-01-09 36 550,000 25,000 (formerly, Corporate Catalyst Acquisition Inc.) Globalive Technology Inc. Restricted Share Units Theofilos, Jason 4 2020-01-09 36 25,000 -25,000 (formerly, Corporate Catalyst Acquisition Inc.) Globalive Technology Inc. Common Shares Ward, J. R. Kingsley 4 2020-01-09 36 50,000 25,000 (formerly, Corporate Catalyst Acquisition Inc.) Globalive Technology Inc. Restricted Share Units Ward, J. R. Kingsley 4 2020-01-09 36 25,000 -25,000 (formerly, Corporate Catalyst Acquisition Inc.) goeasy Ltd. (formerly, Common Shares Appel, Jason 5 2020-01-10 35 71.84 7,433 31 easyhome Ltd.) goeasy Ltd. (formerly, Common Shares Appel, Jason 5 2020-01-10 35 71.84 1,365 5 easyhome Ltd.) goeasy Ltd. (formerly, Common Shares Appel, Jason 5 2020-01-10 35 71.84 2,927 12 easyhome Ltd.) goeasy Ltd. (formerly, Common Shares Appel, Jason 5 2020-01-10 35 71.84 1,619 6 easyhome Ltd.) goeasy Ltd. (formerly, Deferred Share Unit Thomson, David J. 4 2019-12-31 56 71.67 274 easyhome Ltd.) Plan goeasy Ltd. (formerly, Deferred Share Unit Thomson, David J. 4 2019-12-31 56 71.67 272 easyhome Ltd.) Plan goeasy Ltd. (formerly, Deferred Share Unit Thomson, David J. 4 2019-12-31 56 71.67 27,525 356 easyhome Ltd.) Plan Gold Standard Ventures Common Shares Awde, Jonathan Charles 4, 6, 5 2020-01-09 51 0.77 1,092,194 200,000 Corp. Timothy Gold Standard Ventures Common Shares Awde, Jonathan Charles 4, 6, 5 2020-01-09 10 0.99 1,112,194 20,000 Corp. Timothy Gold Standard Ventures Options Awde, Jonathan Charles 4, 6, 5 2020-01-09 51 0.77 1,686,820 -200,000 Corp. Timothy Gold Standard Ventures Common Shares Threlkeld, William Earl II 4 2020-01-09 10 0.78 91,994 -25,206 Corp. Gold Standard Ventures Common Shares Threlkeld, William Earl II 4 2020-01-09 51 0.77 166,994 75,000 Corp. Gold Standard Ventures Options Threlkeld, William Earl II 4 2020-01-09 51 0.77 541,047 -75,000 Corp. Golden Lake Exploration Common Shares England, Michael Bruno 4, 5 2020-01-15 10 0.16 990,000 10,000 Inc. John Franz Golden Lake Exploration Common Shares England, Michael Bruno 4, 5 2020-01-15 10 0.15 2,230,000 20,000 Inc. John Franz
January 23, 2020 (2020), 43 OSCB 949
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Golden Lake Exploration Common Shares Kalt, Ryan 3 2020-01-15 10 0.17 2,120,000 10,000 Inc. Golden Lake Exploration Common Shares Kalt, Ryan 3 2020-01-15 10 0.185 2,145,000 25,000 Inc. Golden Lake Exploration Common Shares Kalt, Ryan 3 2020-01-17 10 0.19 2,149,500 4,500 Inc. Golden Share Resources Common Shares Zeng, Nick Nianqing 4, 5 2020-01-15 10 0.1 487,500 5,000 Corporation Golden Star Resources Deferred Share Units BAKER, TIMOTHY 4 2020-01-16 56 3.45 382,676 7,240 Ltd. CLIVE Golden Star Resources Deferred Share Units Clausen, Gilmour 4 2020-01-17 56 3.45 69,706 6,335 Ltd. Golden Star Resources Deferred Share Units Dhir, Anu 4 2020-01-17 56 3.45 160,443 6,878 Ltd. Golden Star Resources Deferred Share Units Doyle, Robert Emmet 4 2020-01-17 56 3.45 315,943 3,620 Ltd. Golden Star Resources Common Shares LA MANCHA HOLDING 3 2020-01-09 10 3.363 33,106,935 40,131 Ltd. S.A.R.L. 4 Golden Star Resources Common Shares LA MANCHA HOLDING 3 2020-01-10 10 3.312 33,116,735 9,800 Ltd. S.A.R.L. Golden Star Resources Common Shares LA MANCHA HOLDING 3 2020-01-13 10 3.239 33,176,135 59,400 Ltd. S.A.R.L. 2 Golden Star Resources Common Shares LA MANCHA HOLDING 3 2020-01-14 10 3.203 33,210,635 34,500 Ltd. S.A.R.L. 9 Golden Star Resources Common Shares LA MANCHA HOLDING 3 2020-01-15 10 3.118 33,310,635 100,000 Ltd. S.A.R.L. 6 Golden Star Resources Deferred Share Units Markova, Ani Andreeva 4 2020-01-17 56 3.45 4,947 3,620 Ltd. Golden Star Resources Deferred Share Units Nelsen, Craig Joseph 4 2020-01-17 56 3.45 92,195 3,620 Ltd. Golden Star Resources Deferred Share Units Quartey, Mona Helen 4 2020-01-17 56 3.45 55,652 7,693 Ltd. Kabuki Golden Star Resources Deferred Share Units Sawiris, Naguib 4 2020-01-17 56 3.45 9,613 3,620 Ltd. GoldMining Inc. (formerly Warrants Ballesta, Gloria 4 2018-12-13 55 0 -1,000 Brazil Resources Inc.) GoldMining Inc. (formerly Common Shares DAWSON, GARNET L. 4, 5 2020-01-09 10 1.324 184,722 -25,000 Brazil Resources Inc.) 3 GoldMining Inc. (formerly Common Shares DAWSON, GARNET L. 4, 5 2020-01-10 10 1.302 159,722 -25,000 Brazil Resources Inc.) 4 GoldMining Inc. (formerly Common Shares Obara, Pat 5 2020-01-13 10 1.37 813,000 -200 Brazil Resources Inc.) GoldMining Inc. (formerly Common Shares Obara, Pat 5 2020-01-13 10 1.37 -13,000 Brazil Resources Inc.) GoldMining Inc. (formerly Common Shares Obara, Pat 5 2020-01-14 10 1.37 800,000 -13,000 Brazil Resources Inc.) GoldMining Inc. (formerly Common Shares Obara, Pat 5 2020-01-15 10 1.38 795,000 -5,000 Brazil Resources Inc.) GoldMining Inc. (formerly Common Shares Obara, Pat 5 2020-01-16 10 1.37 790,000 -5,000 Brazil Resources Inc.) GoldMining Inc. (formerly Common Shares Obara, Pat 5 2020-01-16 10 1.38 788,000 -2,000 Brazil Resources Inc.) GoldMining Inc. (formerly Common Shares Obara, Pat 5 2020-01-17 51 0.71 818,000 30,000 Brazil Resources Inc.) GoldMining Inc. (formerly Options Obara, Pat 5 2020-01-17 51 1,095,000 -30,000 Brazil Resources Inc.) GoldMining Inc. (formerly Common Shares Pereira Neto, Paulo 5 2020-01-08 10 1.42 618,000 -10,000 Brazil Resources Inc.) Valle GoldMining Inc. (formerly Common Shares Pereira Neto, Paulo 5 2020-01-08 10 1.43 613,200 -4,800 Brazil Resources Inc.) Valle GoldMining Inc. (formerly Common Shares Pereira Neto, Paulo 5 2020-01-08 10 1.435 613,000 -200 Brazil Resources Inc.) Valle GoldMining Inc. (formerly Common Shares Pereira Neto, Paulo 5 2020-01-08 10 1.46 598,000 -15,000 Brazil Resources Inc.) Valle GoldMining Inc. (formerly Common Shares Pereira Neto, Paulo 5 2020-01-08 10 1.45 597,900 -100 Brazil Resources Inc.) Valle
January 23, 2020 (2020), 43 OSCB 950
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings GoldMining Inc. (formerly Common Shares Pereira Neto, Paulo 5 2020-01-08 10 1.44 587,900 -10,000 Brazil Resources Inc.) Valle GoldMining Inc. (formerly Common Shares Pereira Neto, Paulo 5 2020-01-09 10 1.34 578,000 -9,900 Brazil Resources Inc.) Valle GoldMining Inc. (formerly Common Shares Pereira Neto, Paulo 5 2020-01-09 10 1.35 577,000 -1,000 Brazil Resources Inc.) Valle GoldMining Inc. (formerly Common Shares Pereira Neto, Paulo 5 2020-01-13 51 0.71 677,000 100,000 Brazil Resources Inc.) Valle GoldMining Inc. (formerly Options Pereira Neto, Paulo 5 2020-01-13 51 525,000 -100,000 Brazil Resources Inc.) Valle Goldmoney Inc. (formerly Common Shares Finkielsztain, Andres 4 2020-01-17 57 32,399 12,174 BitGold Inc.) Goldmoney Inc. (formerly Rights Restricted Finkielsztain, Andres 4 2020-01-13 56 53,114 12,174 BitGold Inc.) Share Units Goldmoney Inc. (formerly Rights Restricted Finkielsztain, Andres 4 2020-01-17 57 40,940 -12,174 BitGold Inc.) Share Units Goldmoney Inc. (formerly Common Shares Fray, steve 5 2020-01-17 57 25,817 18,314 BitGold Inc.) Goldmoney Inc. (formerly Rights Restricted Fray, steve 5 2020-01-13 56 170,983 6,764 BitGold Inc.) Share Units Goldmoney Inc. (formerly Rights Restricted Fray, steve 5 2020-01-17 57 152,669 -18,314 BitGold Inc.) Share Units Goldmoney Inc. (formerly Common Shares Goldmoney Inc. 1 2020-01-02 38 1.92 284,100 29,400 BitGold Inc.) Goldmoney Inc. (formerly Common Shares Goldmoney Inc. 1 2020-01-03 38 2.04 313,900 29,800 BitGold Inc.) Goldmoney Inc. (formerly Common Shares Goldmoney Inc. 1 2020-01-06 38 2.08 340,800 26,900 BitGold Inc.) Goldmoney Inc. (formerly Common Shares Goldmoney Inc. 1 2020-01-07 38 2.06 370,700 29,900 BitGold Inc.) Goldmoney Inc. (formerly Common Shares Goldmoney Inc. 1 2020-01-08 38 2 400,500 29,800 BitGold Inc.) Goldmoney Inc. (formerly Common Shares Goldmoney Inc. 1 2020-01-09 38 1.98 430,300 29,800 BitGold Inc.) Goldmoney Inc. (formerly Common Shares Goldmoney Inc. 1 2020-01-10 38 2.03 460,100 29,800 BitGold Inc.) Goldmoney Inc. (formerly Common Shares Goldmoney Inc. 1 2020-01-13 38 2.07 489,800 29,700 BitGold Inc.) Goldmoney Inc. (formerly Rights Restricted Goldmoney Inc. 1 2018-03-29 00 BitGold Inc.) Share Units Goldmoney Inc. (formerly Rights Restricted Goldmoney Inc. 1 2018-03-29 00 BitGold Inc.) Share Units Goldmoney Inc. (formerly Rights Restricted Goldmoney Inc. 1 2020-01-13 56 6,764 BitGold Inc.) Share Units Goldmoney Inc. (formerly Rights Restricted Goldmoney Inc. 1 2020-01-13 56 6,764 BitGold Inc.) Share Units Goldmoney Inc. (formerly Rights Restricted Mennega, Paul Michael 5 2020-01-13 56 94,493 6,764 BitGold Inc.) Share Units Goldmoney Inc. (formerly Rights Restricted Premoli, Alessandro 5 2020-01-13 56 149,044 24,352 BitGold Inc.) Share Units Goldmoney Inc. (formerly Common Shares Sebag, Roy 3, 4, 5 2020-01-17 57 19,354,187 48,698 BitGold Inc.) Goldmoney Inc. (formerly Rights Restricted Sebag, Roy 3, 4, 5 2020-01-13 56 366,158 48,698 BitGold Inc.) Share Units Goldmoney Inc. (formerly Rights Restricted Sebag, Roy 3, 4, 5 2020-01-17 57 317,460 -48,698 BitGold Inc.) Share Units Goldmoney Inc. (formerly Common Shares Turk, James J 4 2020-01-17 57 2,130,157 17,585 BitGold Inc.) Goldmoney Inc. (formerly Rights Restricted Turk, James J 4 2020-01-13 56 17,585 17,585 BitGold Inc.) Share Units Goldmoney Inc. (formerly Rights Restricted Turk, James J 4 2020-01-17 57 0 -17,585 BitGold Inc.) Share Units Goldmoney Inc. (formerly Common Shares Wieler, Stefan 4, 5 2020-01-17 57 87,559 11,498 BitGold Inc.) Goldmoney Inc. (formerly Rights Restricted Wieler, Stefan 4, 5 2020-01-13 56 147,249 11,498 BitGold Inc.) Share Units
January 23, 2020 (2020), 43 OSCB 951
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Goldmoney Inc. (formerly Rights Restricted Wieler, Stefan 4, 5 2020-01-17 57 135,751 -11,498 BitGold Inc.) Share Units Goldrea Resources Corp. Options Yiu, Melody 5 2020-01-14 50 300,000 50,000 good natured Products Convertible Holmstrom, Donald 7 2020-01-17 38 $17,000 -$19,000 Inc. Debentures Leonard good natured Products Convertible Thomson, Michael Gary 4 2020-01-17 38 $3,000 -$3,000 Inc. Debentures good natured Products Convertible Zadra, Jim 4 2020-01-17 38 $12,000 -$13,000 Inc. Debentures GoviEx Uranium Inc. Warrants Cates, David Daniel 4, 6 2019-12-22 55 210,000 -40,000 Gowest Gold Ltd. Common Shares Elliott, C. Fraser 4 2020-01-16 10 0.2 6,092,003 257,500 Gowest Gold Ltd. Common Shares Huang, Demin 4 2020-01-16 10 0.2 214,500 212,500 Gowest Gold Ltd. Common Shares Quintiliani, Peter 4 2020-01-16 10 0.2 1,185,459 257,500 Granite REIT Inc. Deferred Share Units Aghar, Peter 4 2020-01-15 35 67.24 8,233 21 Granite REIT Inc. Deferred Share Units Daal, Remco 4 2020-01-15 35 67.24 7,420 20 Granite REIT Inc. Performance Share Gorrie, Kevan Stuart 4, 5 2020-01-01 56 66.43 9,634 Units Granite REIT Inc. Performance Share Gorrie, Kevan Stuart 4, 5 2020-01-01 56 66.43 25,677 9,634 Units 2 Granite REIT Inc. Performance Share Gorrie, Kevan Stuart 4, 5 2020-01-15 35 67.24 25,735 58 Units Granite REIT Inc. Restricted Share Units Gorrie, Kevan Stuart 4, 5 2020-01-01 56 66.43 4,215 Granite REIT Inc. Restricted Share Units Gorrie, Kevan Stuart 4, 5 2020-01-01 56 66.43 47,598 4,215 2 Granite REIT Inc. Restricted Share Units Gorrie, Kevan Stuart 4, 5 2020-01-15 35 67.24 47,754 156 Granite REIT Inc. Deferred Share Units Grodner, Fern Phyllis 4 2020-01-15 35 67.24 1,443 2 Granite REIT Inc. Performance Share KUMER, LORNE 5 2020-01-01 56 66.43 2,990 Units Granite REIT Inc. Performance Share KUMER, LORNE 5 2020-01-01 56 66.43 6,632 2,990 Units 2 Granite REIT Inc. Performance Share KUMER, LORNE 5 2020-01-15 35 67.24 6,645 13 Units Granite REIT Inc. Restricted Share Units KUMER, LORNE 5 2020-01-01 56 66.43 1,994 Granite REIT Inc. Restricted Share Units KUMER, LORNE 5 2020-01-01 56 66.43 23,764 1,994 2 Granite REIT Inc. Restricted Share Units KUMER, LORNE 5 2020-01-15 35 67.24 23,842 78 Granite REIT Inc. Deferred Share Units Marshall, Kelly John 4 2020-01-15 35 67.24 10,490 28 Granite REIT Inc. Deferred Share Units Mawani, Al 4 2020-01-15 35 67.24 9,142 25 Granite REIT Inc. Deferred Share Units Miller, Gerald 4 2020-01-15 35 67.24 11,606 38 Granite REIT Inc. Deferred Share Units Murray, Sheila A. 4 2020-01-15 35 67.24 2,697 3 Granite REIT Inc. Performance Share Neto, Teresa 5 2020-01-01 56 66.43 2,879 Units Granite REIT Inc. Performance Share Neto, Teresa 5 2020-01-01 56 66.43 4,401 2,879 Units 2 Granite REIT Inc. Performance Share Neto, Teresa 5 2020-01-15 35 67.24 4,406 5 Units Granite REIT Inc. Restricted Share Units Neto, Teresa 5 2020-01-01 56 66.43 1,920 Granite REIT Inc. Restricted Share Units Neto, Teresa 5 2020-01-01 56 66.43 9,502 1,920 2 Granite REIT Inc. Restricted Share Units Neto, Teresa 5 2020-01-15 35 67.24 9,529 27 Granite REIT Inc. Deferred Share Units Warren, Edna Jennifer 4 2020-01-15 35 67.24 4,698 10 Great Canadian Gaming Options Baker, Rodney 4, 5 2019-12-19 97 16.1 1,450,630 500,000 Corporation Great Canadian Gaming Options Baker, Rodney 4, 5 2019-12-19 97 16.1 2,320,000 -500,000 Corporation Great Canadian Gaming Options Doyle, Terrance Michael 5 2019-12-19 97 16.1 345,153 200,000 Corporation Great Canadian Gaming Options Doyle, Terrance Michael 5 2019-12-19 97 16.1 1,050,000 -200,000 Corporation Great Canadian Gaming Common Shares Gwozd, Darren John 5 2019-12-31 30 44.24 1,965 386 Corporation Alexander 1 Great Canadian Gaming Common Shares Molema, Michelle 5 2019-12-31 30 44.33 1,893 260 Corporation
January 23, 2020 (2020), 43 OSCB 952
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Great Canadian Gaming Common Shares Newsome, Matthew 5 2019-12-31 30 44.34 3,251 142 Corporation Alexander 1 Great Canadian Gaming Common Shares Urquhart, Ronald David 5 2019-12-31 30 45.08 522 322 Corporation Guyana Goldfields Inc. Rights Restricted Holloway, Perry Lee 5 2020-01-01 59 59,830 -29,915 Share Units H2O INNOVATION INC. Common Shares BLANCHET, Marc 5 2019-12-31 30 1.11 390,221 5,552 H2O INNOVATION INC. Common Shares Clairet, Guillaume 5 2019-12-31 30 1.11 394,321 4,874 H2O INNOVATION INC. Common Shares Comeau, Robert 4 2019-12-31 30 1.09 167,478 10,277 H2O INNOVATION INC. Common Shares Cote, Pierre 4 2019-12-31 30 1.09 39,723 4,938 H2O INNOVATION INC. Common Shares Dugré, Frédéric 4, 5 2019-12-31 30 1.11 858,304 1,674 H2O INNOVATION INC. Common Shares HENTHORNE, LISA 4 2019-12-31 30 1.09 66,694 7,694 H2O INNOVATION INC. Common Shares Vachon, René 4 2019-06-13 00 H2O INNOVATION INC. Common Shares Vachon, René 4 2019-12-31 30 1.09 4,938 4,938 Halo Labs Inc. (formerly Common Shares Met, Andreas Arnold 4, 5 2019-12-30 47 1,020,271 -400,000 Apogee Opportunities Alfred Inc.) Hamilton Thorne Ltd. Common Shares Edwards, Keith 5 2020-01-17 10 0.22 25,000 25,000 Hamilton Thorne Ltd. Common Shares Edwards, Keith 5 2020-01-17 10 0.63 31,250 6,250 Hamilton Thorne Ltd. Options Edwards, Keith 5 2020-01-17 51 0.63 137,187 -6,250 Hamilton Thorne Ltd. Options Edwards, Keith 5 2020-01-17 51 0.22 112,187 -25,000 Happy Creek Minerals Common Shares Cathro, Mike 4 2020-01-17 10 0.08 615,000 34,000 Ltd. Hemp for Health Inc. Common Shares Eadie, Robert 3, 4, 5 2020-01-09 10 0.17 2,989,001 1,000 Hemp for Health Inc. Common Shares Eadie, Robert 3, 4, 5 2020-01-10 10 0.16 2,991,001 2,000 Hemp for Health Inc. Common Shares Eadie, Robert 3, 4, 5 2020-01-10 10 0.15 2,993,001 2,000 High Arctic Energy Rights Performance Maguire, Michael Joseph 5 2019-03-19 38 93,379 -7,141 Services Inc. Share Units High Arctic Energy Rights Performance Maguire, Michael Joseph 5 2019-12-31 30 2.93 99,986 6,607 Services Inc. Share Units HighGold Mining Inc. Common Shares Electrum Strategic 3 2020-01-06 10 1.3 2,375,076 -4,600 Opportunities Fund II L.P. HighGold Mining Inc. Common Shares Electrum Strategic 3 2020-01-07 10 1.335 2,293,276 -81,800 Opportunities Fund II 1 L.P. HighGold Mining Inc. Common Shares Electrum Strategic 3 2020-01-08 10 1.313 2,264,776 -28,500 Opportunities Fund II 4 L.P. HighGold Mining Inc. Common Shares Electrum Strategic 3 2020-01-09 10 1.316 2,240,376 -24,400 Opportunities Fund II 5 L.P. HighGold Mining Inc. Common Shares Electrum Strategic 3 2020-01-10 10 1.302 1,996,376 -244,000 Opportunities Fund II L.P. HighGold Mining Inc. Common Shares Morfopoulos, Aris 4, 5 2020-01-13 10 1.24 67,500 -7,500 Hillcrest Petroleum Ltd. Common Shares Currie, Donald James 4, 5 2020-01-10 10 0.04 10,215,813 -500,000 HLS Therapeutics Inc. Common Shares Athyrium Opportunities II 3 2020-01-15 54 4,351,782 226,782 Co-Invest 1 LP HLS Therapeutics Inc. Warrants Athyrium Opportunities II 3 2020-01-15 54 0 -525,409 Co-Invest 1 LP Home Capital Group Inc. Common Shares Home Capital Group Inc. 1 2020-01-15 38 34.15 4,392,386 4,392,386 Home Capital Group Inc. Common Shares Home Capital Group Inc. 1 2020-01-16 38 0 -4,392,386 Hudbay Minerals Inc. Rights Share Units Banducci, Carol 4 2020-01-15 56 79,837 11,451 (formerly HudBay Minerals Inc.) Hudbay Minerals Inc. Rights Share Units Gonzales, Igor 4 2020-01-15 56 70,854 4,396 (formerly HudBay Minerals Inc.) Hudbay Minerals Inc. Rights Share Units Hibben, Alan Roy 4 2020-01-15 56 287,121 8,511 (formerly HudBay Minerals Inc.) Hudbay Minerals Inc. Rights Share Units Howes, Richard Allan 4 2020-01-15 56 24,766 10,020 (formerly HudBay Minerals Inc.)
January 23, 2020 (2020), 43 OSCB 953
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Hudbay Minerals Inc. Rights Share Units Kavanagh, Sarah 4 2020-01-15 56 70,854 4,396 (formerly HudBay Baldwin Minerals Inc.) Hudbay Minerals Inc. Rights Share Units Knickel, Carin Shirley 4 2020-01-15 56 138,143 13,496 (formerly HudBay Minerals Inc.) Hudbay Minerals Inc. Rights Share Units Lang, Stephen A. 4 2020-01-15 56 11,351 11,351 (formerly HudBay Minerals Inc.) Hudbay Minerals Inc. Rights Share Units MUNIZ QUINTANILLA, 4 2020-01-15 56 11,219 4,396 (formerly HudBay DANIEL Minerals Inc.) Hudbay Minerals Inc. Rights Share Units Osborne, Colin 4 2020-01-15 56 58,982 10,991 (formerly HudBay Minerals Inc.) Hudbay Minerals Inc. Rights Share Units Smith, David 4 2020-01-15 56 11,219 4,396 (formerly HudBay Minerals Inc.) IAMGOLD Corporation Common Shares Banducci, Carol 5 2019-12-31 30 241,369 14,908 iCo Therapeutics Inc. Options Jarosz, William Wasyl 4 2020-01-10 50 0.08 900,000 400,000 iCo Therapeutics Inc. Options Liggett, Michael 4 2020-01-10 00 450,000 iCo Therapeutics Inc. Options Rae, Andrew Rae 4, 5 2020-01-10 50 1,390,000 400,000 IGM Financial Inc. Common Shares Carney, Jeffrey 4, 5 2020-01-15 30 38.98 9,817 384 iLOOKABOUT Corp. Deferred Share Units bezanson, allan james 4 2017-01-02 56 64,516 iLOOKABOUT Corp. Deferred Share Units bezanson, allan james 4 2017-01-02 56 423,856 64,516 iLOOKABOUT Corp. Options bezanson, allan james 4 2019-06-24 52 0 -168,750 iLOOKABOUT Corp. Options Quinn, Gerry C. 4 2019-06-24 52 0 -171,875 iLOOKABOUT Corp. Options Yeoman, Gary 3, 4, 5 2019-12-30 52 3,233,000 -234,100 Imperial Metals Common Shares Moeller, Larry G. 4 2020-01-14 30 1.79 3,039,035 3,630 Corporation Imperial Metals Common Shares Muraro, Theodore 4 2020-01-14 30 1.79 42,221 3,887 Corporation William Imperial Metals Common Shares Veitch, James Patrick 4 2020-01-14 30 1.79 22,034 3,630 Corporation Imperial Metals Common Shares YURKOWSKI, EDWARD 4 2020-01-14 30 1.79 6,822 3,887 Corporation ALFRED Imperial Oil Limited Common Shares Exxon Mobil Corporation 3 2020-01-10 38 35.11 516,995,466 -108,546 Imperial Oil Limited Common Shares Exxon Mobil Corporation 3 2020-01-13 38 35.06 516,886,920 -108,546 Imperial Oil Limited Common Shares Exxon Mobil Corporation 3 2020-01-14 38 35.04 516,778,374 -108,546 Imperial Oil Limited Common Shares Exxon Mobil Corporation 3 2020-01-15 38 35.07 516,669,828 -108,546 Imperial Oil Limited Common Shares Exxon Mobil Corporation 3 2020-01-16 38 35.66 516,561,283 -108,545 Inca One Gold Corp. Common Shares Bragagnolo, Bruce 4, 5 2020-01-14 37 -270,000 Inca One Gold Corp. Common Shares Bragagnolo, Bruce 4, 5 2020-01-14 37 30,000 -270,000 Inca One Gold Corp. Options Bragagnolo, Bruce 4, 5 2020-01-14 37 200,000 -1,800,000 Inca One Gold Corp. Warrants Bragagnolo, Bruce 4, 5 2020-01-14 37 30,000 -270,000 Inca One Gold Corp. Common Shares HART, Kevin Ryan 5 2020-01-14 37 306,650 -2,759,850 Inca One Gold Corp. Common Shares HART, Kevin Ryan 5 2020-01-14 37 50,000 -450,000 Inca One Gold Corp. Warrants HART, Kevin Ryan 5 2020-01-14 37 1 100,000 -900,000 Inca One Gold Corp. Warrants HART, Kevin Ryan 5 2020-01-14 37 1 50,000 -450,000 Indus Holdings, Inc. Super Voting Shares Weakley, Robert 3, 4, 5 2019-04-26 00 Raymond Indus Holdings, Inc. Super Voting Shares Weakley, Robert 3, 4, 5 2019-04-26 00 202,590 Raymond Infinite Lithium Corp. Common Shares England, Michael Bruno 4, 5 2007-06-22 00 270,000 John Franz Infinite Lithium Corp. Warrants England, Michael Bruno 4, 5 2007-06-22 00 135,000 John Franz Information Services Rights Deferred Share Brooks, Karyn Anne 4 2020-01-15 56 15.69 7,290 90 Corporation Units Information Services Rights Deferred Share Christiansen, Tom 4 2020-01-15 56 15.69 11,284 138 Corporation Units Information Services Rights Deferred Share Emsley, Doug 4 2020-01-15 56 15.69 11,284 138 Corporation Units
January 23, 2020 (2020), 43 OSCB 954
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Information Services Rights Deferred Share Guglielmin, Anthony 4 2020-01-15 56 15.69 11,284 138 Corporation Units Robert Information Services Rights Deferred Share Musgrave, Scott 4 2020-01-15 56 15.69 11,284 138 Corporation Units Information Services Rights Deferred Share Pourian, Iraj 4 2020-01-15 56 15.69 7,290 90 Corporation Units Information Services Rights Deferred Share Powers, Laurie Lynn 4 2020-01-15 56 15.69 3,860 48 Corporation Units Information Services Rights Deferred Share Ross, Heather 4 2020-01-15 56 15.69 3,860 48 Corporation Units Information Services Rights Deferred Share Tchorzewski, Dion 4 2020-01-15 56 15.69 11,284 138 Corporation Units Edwin Information Services Rights Deferred Share Teal, Joel Douglas 4 2020-01-15 56 15.69 19,592 243 Corporation Units Innergex Renewable Unités d'actions Baribeault, Yves 5 2019-12-31 35 13.71 3,621 44 Energy Inc. différées 2 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Baribeault, Yves 5 2019-12-31 35 14.27 3,665 44 Energy Inc. différées 8 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Baribeault, Yves 5 2019-12-31 35 14.52 3,708 43 Energy Inc. différées 9 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Baribeault, Yves 5 2019-12-31 35 15.98 3,749 41 Energy Inc. différées 7 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Francisci, Nathalie 4 2019-12-31 35 13.71 10,001 73 Energy Inc. différées 2 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Francisci, Nathalie 4 2019-12-31 35 14.27 10,088 87 Energy Inc. différées 8 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Francisci, Nathalie 4 2019-12-31 35 14.52 10,185 97 Energy Inc. différées 9 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Francisci, Nathalie 4 2019-12-31 35 15.98 10,287 102 Energy Inc. différées 7 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Gagnon, Richard 4 2019-12-31 35 13.71 10,001 73 Energy Inc. différées 2 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Gagnon, Richard 4 2019-12-31 35 14.27 10,088 87 Energy Inc. différées 8 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Gagnon, Richard 4 2019-12-31 35 14.52 10,185 97 Energy Inc. différées 9 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Gagnon, Richard 4 2019-12-31 35 15.98 10,287 102 Energy Inc. différées 7 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Common Shares Grover, Peter 5 2019-12-31 35 13.83 201 Energy Inc. Innergex Renewable Common Shares Grover, Peter 5 2019-12-31 35 13.71 161,886 201 Energy Inc. 2 Innergex Renewable Common Shares Grover, Peter 5 2019-12-31 35 14.27 162,143 257 Energy Inc. 8 Innergex Renewable Common Shares Grover, Peter 5 2019-12-31 35 14.52 162,395 252 Energy Inc. 9
January 23, 2020 (2020), 43 OSCB 955
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Innergex Renewable Common Shares Grover, Peter 5 2019-12-31 35 15.98 162,632 237 Energy Inc. 7 Innergex Renewable Unités d'actions Kennedy, Matthew Grant 5 2019-12-31 35 13.71 1,647 20 Energy Inc. différées 2 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Kennedy, Matthew Grant 5 2019-12-31 35 14.27 1,667 20 Energy Inc. différées 8 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Kennedy, Matthew Grant 5 2019-12-31 35 14.52 1,686 19 Energy Inc. différées 9 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Kennedy, Matthew Grant 5 2019-12-31 35 15.98 1,704 18 Energy Inc. différées 7 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions McGuinty, Dalton 4 2019-12-31 35 13.71 16,130 148 Energy Inc. différées 2 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions McGuinty, Dalton 4 2019-12-31 35 14.27 16,293 163 Energy Inc. différées 8 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions McGuinty, Dalton 4 2019-12-31 35 14.52 16,463 170 Energy Inc. différées 9 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions McGuinty, Dalton 4 2019-12-31 35 15.98 16,633 170 Energy Inc. différées 7 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Common Shares Mercier, Monique 4 2019-12-31 35 13.71 7,693 93 Energy Inc. 2 Innergex Renewable Common Shares Mercier, Monique 4 2019-12-31 35 14.27 7,787 94 Energy Inc. 8 Innergex Renewable Common Shares Mercier, Monique 4 2019-12-31 35 14.52 7,879 92 Energy Inc. 9 Innergex Renewable Common Shares Mercier, Monique 4 2019-12-31 35 15.98 7,965 86 Energy Inc. 7 Innergex Renewable Unités d'actions Mercier, Monique 4 2019-12-31 35 13.71 19,210 162 Energy Inc. différées 2 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Mercier, Monique 4 2019-12-31 35 14.27 19,394 184 Energy Inc. différées 8 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Mercier, Monique 4 2019-12-31 35 14.52 19,592 198 Energy Inc. différées 9 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Mercier, Monique 4 2019-12-31 35 15.98 19,794 202 Energy Inc. différées 7 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Sananikone, Ouma 4 2019-12-31 35 14.52 3,895 13 Energy Inc. différées 9 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Sananikone, Ouma 4 2019-12-31 35 15.98 3,924 29 Energy Inc. différées 7 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Théberge, Nathalie 5 2019-12-31 35 13.71 2,485 30 Energy Inc. différées 2 (UAD)/Deferred Shares Units (DSU)
January 23, 2020 (2020), 43 OSCB 956
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Innergex Renewable Unités d'actions Théberge, Nathalie 5 2019-12-31 35 14.27 2,515 30 Energy Inc. différées 8 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Théberge, Nathalie 5 2019-12-31 35 14.52 2,544 29 Energy Inc. différées 9 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Unités d'actions Théberge, Nathalie 5 2019-12-31 35 15.98 2,572 28 Energy Inc. différées 7 (UAD)/Deferred Shares Units (DSU) Innergex Renewable Common Shares Trudel, Jean 5 2019-12-31 35 13.71 280,437 256 Energy Inc. 2 Innergex Renewable Common Shares Trudel, Jean 5 2019-12-31 35 14.27 280,764 327 Energy Inc. 8 Innergex Renewable Common Shares Trudel, Jean 5 2019-12-31 35 14.52 281,086 322 Energy Inc. 9 Innergex Renewable Common Shares Trudel, Jean 5 2019-12-31 35 15.98 281,387 301 Energy Inc. 7 InnoCan Pharma DSUs Fridhandler, Daryl 4, 5 2020-01-09 97 0.16 22,500 12,500 Corporation Steven Input Capital Corp. Rights Deferred Share Brown, David 4 2020-01-15 56 0.71 367,792 4,395 Units Input Capital Corp. Rights Deferred Share Hepworth, Lorne 4 2020-01-15 56 0.71 330,243 3,944 Units Input Capital Corp. Rights Deferred Share Laidley, David Howard 4 2020-01-15 56 0.71 367,792 4,395 Units Intact Financial Common Shares Anderson, Kenneth 5 2020-01-09 57 144.0 9,212 121 Corporation 3 Intact Financial Stock Incentives Anderson, Kenneth 5 2020-01-09 57 144.0 531 -260 Corporation 3 Intact Financial Stock Incentives Barbeau, Patrick 5 2020-01-09 59 144.0 3,305 -939 Corporation 3 Intact Financial Common Shares Beaulieu, Martin 5 2020-01-09 57 144.0 13,582 437 Corporation 3 Intact Financial Stock Incentives Beaulieu, Martin 5 2020-01-09 57 144.0 1,686 -847 Corporation 3 Intact Financial Common Shares Brindamour, Charles 5 2020-01-09 57 144.0 270,790 6,434 Corporation 3 Intact Financial Stock Incentives Brindamour, Charles 5 2020-01-09 57 144.0 31,679 -12,512 Corporation 3 Intact Financial Common Shares Cote, Sonya 5 2020-01-09 57 144.0 3,451 206 Corporation 3 Intact Financial Stock Incentives Cote, Sonya 5 2020-01-09 57 144.0 826 -400 Corporation 3 Intact Financial Common Shares Cotnoir, Frédéric 5 2020-01-09 57 144.0 3,640 574 Corporation 3 Intact Financial Stock Incentives Cotnoir, Frédéric 5 2020-01-09 57 144.0 2,913 -1,113 Corporation 3 Intact Financial Stock Incentives Coull-Cicchini, Debra 5 2020-01-09 59 144.0 2,523 -824 Corporation Gail 3 Intact Financial Stock Incentives Currie, Luisa 5 2020-01-09 59 144.0 865 -222 Corporation 3 Intact Financial Common Shares D'Annunzio, Joseph 5 2020-01-09 57 144.0 5,060 330 Corporation 3 Intact Financial Stock Incentives D'Annunzio, Joseph 5 2020-01-09 57 144.0 1,409 -711 Corporation 3 Intact Financial Common Shares Da Costa, Danny Bairrao 5 2020-01-09 57 144.0 2,650 91 Corporation 3 Intact Financial Stock Incentives Da Costa, Danny Bairrao 5 2020-01-09 57 144.0 635 -196 Corporation 3 Intact Financial Deferred Share Units De Silva, Janet 4 2020-01-15 46 143.1 8,228 405 Corporation for Directors 1 Intact Financial Common Shares Desautels, Jean- 5 2020-01-09 57 144.0 7,375 342 Corporation François 3
January 23, 2020 (2020), 43 OSCB 957
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Intact Financial Stock Incentives Desautels, Jean- 5 2020-01-09 57 144.0 1,462 -732 Corporation François 3 Intact Financial Deferred Share Units Dussault, Claude 4, 5 2020-01-15 46 143.1 15,031 376 Corporation for Directors 1 Intact Financial Common Shares Federau, Monika 5 2020-01-09 57 144.0 9,901 344 Corporation 3 Intact Financial Stock Incentives Federau, Monika 5 2020-01-09 57 144.0 1,444 -741 Corporation 3 Intact Financial Common Shares Fortin, Anne 5 2020-01-09 57 144.0 6,457 268 Corporation 3 Intact Financial Stock Incentives Fortin, Anne 5 2020-01-09 57 144.0 1,525 -575 Corporation 3 Intact Financial Common Shares Gagnon, Louis 5 2020-01-09 57 144.0 22,868 1,608 Corporation 3 Intact Financial Stock Incentives Gagnon, Louis 5 2020-01-09 57 144.0 9,000 -3,127 Corporation 3 Intact Financial Stock Incentives Godfrey, Darren 5 2020-01-09 59 144.0 2,597 -709 Corporation Christopher 3 Intact Financial Common Shares Higgins, Natalie Marie 5 2020-01-09 57 144.0 675 82 Corporation 3 Intact Financial Stock Incentives Higgins, Natalie Marie 5 2020-01-09 57 144.0 958 -179 Corporation 3 Intact Financial Stock Incentives Hirji, Karim 5 2020-01-09 59 144.0 930 -401 Corporation 3 Intact Financial Deferred Share Units Kinney, Jane Elizabeth 4 2020-01-15 46 143.1 1,128 412 Corporation for Directors 1 Intact Financial Common Shares Lamy, Mathieu 5 2020-01-09 57 144.0 15,612 607 Corporation 3 Intact Financial Stock Incentives Lamy, Mathieu 5 2020-01-09 57 144.0 3,765 -1,182 Corporation 3 Intact Financial Deferred Share Units Leary, Robert 4 2020-01-15 46 143.1 9,659 442 Corporation for Directors 1 Intact Financial Common Shares Marcotte, Louis 5 2020-01-09 57 144.0 17,771 557 Corporation 3 Intact Financial Stock Incentives Marcotte, Louis 5 2020-01-09 57 144.0 5,913 -1,080 Corporation 3 Intact Financial Common Shares Martel, Lucie 5 2020-01-09 57 144.0 5,172 367 Corporation 3 Intact Financial Stock Incentives Martel, Lucie 5 2020-01-09 57 144.0 1,489 -786 Corporation 3 Intact Financial Deferred Share Units Mercier, Eileen Ann 4 2020-01-15 46 143.1 19,179 239 Corporation for Directors 1 Intact Financial Common Shares Morissette, Benoit 5 2020-01-09 57 144.0 14,841 462 Corporation 3 Intact Financial Stock Incentives Morissette, Benoit 5 2020-01-09 57 144.0 2,653 -900 Corporation 3 Intact Financial Common Shares Muehlemann, Werner 5 2020-01-09 57 144.0 9,772 340 Corporation 3 Intact Financial Stock Incentives Muehlemann, Werner 5 2020-01-09 57 144.0 1,825 -729 Corporation 3 Intact Financial Deferred Share Units Paquette, Sylvie 4 2020-01-15 46 143.1 5,498 412 Corporation for Directors 1 Intact Financial Common Shares Penner, Timothy Herbert 4 2020-01-15 46 143.5 18,765 89 Corporation Intact Financial Deferred Share Units Singer, Frederick Glenn 4 2020-01-15 46 143.1 14,084 405 Corporation for Directors Ian 1 Intact Financial Common Shares Smith, Carla Anne 5 2020-01-09 57 144.0 6,182 206 Corporation 3 Intact Financial Stock Incentives Smith, Carla Anne 5 2020-01-09 57 144.0 1,059 -443 Corporation 3 Intact Financial Common Shares Snyder, Stephen 4 2020-01-15 46 143.5 48,210 223 Corporation Gregory Intact Financial Common Shares Stephenson, Carol M. 4 2020-01-15 46 143.5 7,813 138 Corporation Intact Financial Common Shares Tremblay, David 5 2020-01-09 57 144.0 10,014 255 Corporation 3
January 23, 2020 (2020), 43 OSCB 958
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Intact Financial Stock Incentives Tremblay, David 5 2020-01-09 57 144.0 1,185 -546 Corporation 3 Intact Financial Common Shares Tullis, Mark Alan 5 2020-01-09 57 144.0 40,685 437 Corporation 3 Intact Financial Stock Incentives Tullis, Mark Alan 5 2020-01-09 57 144.0 5,680 -437 Corporation 3 Intact Financial Stock Incentives Weightman, Peter 5 2020-01-09 59 144.0 1,896 -983 Corporation 3 Intact Financial Deferred Share Units Young, William 4 2020-01-15 46 143.1 2,399 231 Corporation for Directors 1 Interfor Corporation Common Shares Kritsos, Xenia 5 2019-12-31 30 14.29 5,959 1,574 Intertape Polymer Group Performance Share Blockowitz, Dean 5 2019-03-21 58 - 27,690 -9,398 Inc. Units Expiration of rights Intertape Polymer Group Performance Share Booth, Randi 5 2019-03-21 58 - 17,958 -4,511 Inc. Units Expiration of rights Intertape Polymer Group Performance Share Crystal, Jeffrey 5 2019-03-21 58 - 50,545 -27,363 Inc. Units Expiration of rights Intertape Polymer Group Performance Share Iaboni, Silvano 5 2019-03-21 58 - 15,736 -8,271 Inc. Units Expiration of rights Intertape Polymer Group Performance Share Nalette, Douglas 5 2019-03-21 58 - 26,846 -14,485 Inc. Units Expiration of rights Intertape Polymer Group Performance Share t 8, Investor 5 2019-03-21 58 - 26,846 -14,485 Inc. Units Expiration of rights Intertape Polymer Group Performance Share Tocci, Joseph 5 2019-03-21 58 - 25,965 -13,158 Inc. Units Expiration of rights Intertape Polymer Group Performance Share Yull, Gregory 4, 5 2019-03-21 58 - 245,339 -77,970 Inc. Units Expiration of rights Intertape Polymer Group Performance Share Yull, Gregory 4, 5 2019-12-20 58 - 215,178 -30,161 Inc. Units Expiration of rights Inventus Mining Corp. Common Shares Endurance Gold 3 2020-01-10 11 0.102 -1,000,000 Corporation 1 Inventus Mining Corp. Common Shares Endurance Gold 3 2020-01-10 10 0.102 21,978,000 -1,000,000 Corporation 1 Inventus Mining Corp. Common Shares Endurance Gold 3 2020-01-13 10 0.100 12,978,000 -9,000,000 Corporation 3 Inventus Mining Corp. Warrants McEwen, Robert R. 3 2019-09-06 55 1,200,000 -3,333,333 Invesque Inc. (formerly, Common Shares Magnetar Financial, LLC 3 2020-01-15 11 6.466 348,810 2,465 Mainstreet Health 8 Investments Inc.) Invesque Inc. (formerly, Common Shares Magnetar Financial, LLC 3 2020-01-15 11 6.466 284,554 2,011 Mainstreet Health 8 Investments Inc.) Invesque Inc. (formerly, Common Shares Magnetar Financial, LLC 3 2020-01-15 11 6.466 4,400,035 31,106 Mainstreet Health 8 Investments Inc.) Invesque Inc. (formerly, Common Shares Magnetar Financial, LLC 3 2020-01-15 11 6.466 2,461,703 17,403 Mainstreet Health 8 Investments Inc.) Invesque Inc. (formerly, Common Shares Magnetar Financial, LLC 3 2020-01-15 11 6.466 1,577,303 12,625 Mainstreet Health 8 Investments Inc.) Invesque Inc. (formerly, Common Shares Magnetar Financial, LLC 3 2020-01-15 11 6.466 2,501,465 17,684 Mainstreet Health 8 Investments Inc.) Ivanhoe Mines Ltd. Options Bawlf, Martin Forrester 5 2020-01-13 50 664,987 414,987 Ivanhoe Mines Ltd. Rights Restricted Bawlf, Martin Forrester 5 2020-01-12 59 119,999 -23,317 Share Units Ivanhoe Mines Ltd. Rights Restricted Bawlf, Martin Forrester 5 2020-01-13 56 162,822 42,823 Share Units
January 23, 2020 (2020), 43 OSCB 959
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Ivanhoe Mines Ltd. Common Shares Class Bianchini, Egizio 4, 5 2020-01-12 57 78,521 38,521 A Ivanhoe Mines Ltd. Options Bianchini, Egizio 4, 5 2020-01-13 50 4,258,565 758,565 Ivanhoe Mines Ltd. Rights Restricted Bianchini, Egizio 4, 5 2020-01-12 57 77,043 -38,521 Share Units Ivanhoe Mines Ltd. Rights Restricted Bianchini, Egizio 4, 5 2020-01-13 56 159,717 82,674 Share Units Ivanhoe Mines Ltd. Options Bos, Matthieu 7 2020-01-13 50 1,454,346 579,346 Ivanhoe Mines Ltd. Rights Restricted Bos, Matthieu 7 2020-01-12 59 100,366 -21,705 Share Units Ivanhoe Mines Ltd. Rights Restricted Bos, Matthieu 7 2020-01-13 56 140,228 39,862 Share Units Ivanhoe Mines Ltd. Common Shares Class Cloete, Martie 7, 5 2020-01-12 57 276,761 13,885 A Ivanhoe Mines Ltd. Options Cloete, Martie 7, 5 2020-01-13 50 1,004,553 629,553 Ivanhoe Mines Ltd. Rights Restricted Cloete, Martie 7, 5 2020-01-12 57 182,300 -13,885 Share Units Ivanhoe Mines Ltd. Rights Restricted Cloete, Martie 7, 5 2020-01-12 59 168,414 -13,886 Share Units Ivanhoe Mines Ltd. Rights Restricted Cloete, Martie 7, 5 020-01-13 56 226,060 57,646 Share Units Ivanhoe Mines Ltd. Common Shares Class Friedland, Robert Martin 3, 4, 6, 2020-01-12 57 23,495,823 50,077 A 5 Ivanhoe Mines Ltd. Options Friedland, Robert Martin 3, 4, 6, 2020-01-13 50 3,200,643 2,100,643 5 Ivanhoe Mines Ltd. Rights Restricted Friedland, Robert Martin 3, 4, 6, 2020-01-12 57 391,314 -50,077 Share Units 5 Ivanhoe Mines Ltd. Options Giardini, Tony Serafino 5 2020-01-13 50 4,270,235 770,235 Ivanhoe Mines Ltd. Rights Restricted Giardini, Tony Serafino 5 2020-01-13 56 507,476 107,476 Share Units Ivanhoe Mines Ltd. Options Makhesha, Setha 7, 5 2020-01-13 50 596,846 596,846 Patricia Ivanhoe Mines Ltd. Rights Restricted Makhesha, Setha 7, 5 2020-01-12 59 138,159 -28,530 Share Units Patricia Ivanhoe Mines Ltd. Rights Restricted Makhesha, Setha 7, 5 2020-01-13 56 184,219 46,060 Share Units Patricia Ivanhoe Mines Ltd. Options Morley-Jepson, Warwick 5 2020-01-13 50 822,098 322,098 Ivanhoe Mines Ltd. Rights Restricted Morley-Jepson, Warwick 5 2020-01-13 56 76,793 44,644 Share Units Ivanhoe Mines Ltd. Common Shares Class Vincelli, Mary 5 2020-01-12 57 99,264 3,829 A Ivanhoe Mines Ltd. Options Vincelli, Mary 5 2020-01-13 50 188,810 113,810 Ivanhoe Mines Ltd. Rights Restricted Vincelli, Mary 5 2020-01-12 57 39,305 -3,829 Share Units Ivanhoe Mines Ltd. Rights Restricted Vincelli, Mary 5 2020-01-12 59 35,476 -3,829 Share Units Ivanhoe Mines Ltd. Rights Restricted Vincelli, Mary 5 2020-01-13 56 50,986 15,510 Share Units Ivanhoe Mines Ltd. Options Watum, Louis Kabamba 7, 5 2020-01-13 50 465,910 365,910 Ivrnet Inc. Common Shares Pickard, Scott Francis 4 2018-08-29 00 Ivrnet Inc. Common Shares Pickard, Scott Francis 4 2020-01-07 16 0.025 2,728,400 2,728,400 Ivrnet Inc. Common Shares Watts, Andrew 4 2013-04-02 00 1,680,000 Jackpotjoy plc Ordinary Shares Bressler, Robert Jeffrey 5 2017-01-25 00 Jackpotjoy plc Ordinary Shares Bressler, Robert Jeffrey 5 2017-01-25 00 Jackpotjoy plc Ordinary Shares Bressler, Robert Jeffrey 5 2017-01-25 00 Jackpotjoy plc Ordinary Shares Bressler, Robert Jeffrey 5 2017-01-25 00 11,775 Jaguar Mining Inc. Common Shares 2176423 Ontario Ltd. 3 2020-01-08 11 0.18 293,961,043 39,020,500 Jaguar Mining Inc. Options Ahmed, Hashim 5 2020-01-15 50 3,004,640 700,000 Jaguar Mining Inc. Options Ellis, John Jackson 4 2020-01-15 50 370,000 170,000 Jaguar Mining Inc. Options Guenther, Benjamin 4, 5 2020-01-15 50 1,095,000 170,000 Wayne Jaguar Mining Inc. Options HILL, JONATHAN 5 2020-01-15 50 850,000 250,000 VICTOR Jaguar Mining Inc. Options Kennedy, William Jeffrey 4 2020-01-15 50 0.25 395,000 170,000
January 23, 2020 (2020), 43 OSCB 960
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Jaguar Mining Inc. Options Lamond, Rodney 4 2020-01-15 50 3,510,623 170,000 Jaguar Mining Inc. Options Miraglia, Luis Ricardo 4 2020-01-15 50 448,947 170,000 Jaguar Mining Inc. Common Shares Sprott, Eric S. 3 2020-01-08 11 0.18 293,961,043 39,020,500 Jaguar Mining Inc. Options WENG, THOMAS SUN 4 2020-01-15 50 370,000 170,000 Jamieson Wellness Inc. Common Shares Bird, Donald 5 2020-01-15 30 26.32 24,703 227 Jamieson Wellness Inc. Options Bird, Donald 5 2020-01-01 50 216,944 27,132 Jamieson Wellness Inc. Rights RSU Bird, Donald 5 2020-01-01 56 30,802 7,001 Jamieson Wellness Inc. Options Chan, Robert 5 2020-01-01 50 63,035 7,546 Jamieson Wellness Inc. Rights RSU Chan, Robert 5 2020-01-01 56 12,993 1,947 Jamieson Wellness Inc. Options Doherty, John 5 2020-01-01 50 287,652 25,437 Jamieson Wellness Inc. Rights RSU Doherty, John 5 2020-01-01 56 28,690 6,563 Jamieson Wellness Inc. Common Shares Hornick, Mark 4, 5 2020-01-15 30 26.32 484,914 705 Jamieson Wellness Inc. Options Hornick, Mark 4, 5 2020-01-01 50 789,412 96,125 Jamieson Wellness Inc. Rights RSU Hornick, Mark 4, 5 2020-01-01 56 80,541 24,801 Jamieson Wellness Inc. Options Pilato, Michael Al 5 2020-01-01 50 58,569 24,080 Jamieson Wellness Inc. Rights RSU Pilato, Michael Al 5 2020-01-01 56 32,406 6,213 Jamieson Wellness Inc. Options Snowden, Christopher 5 2020-01-01 50 533,499 26,115 Jamieson Wellness Inc. Rights RSU Snowden, Christopher 5 2020-01-01 56 30,293 6,738 Jamieson Wellness Inc. Options Stewart, Regan 5 2020-01-01 50 178,113 25,437 Jamieson Wellness Inc. Rights RSU Stewart, Regan 5 2020-01-01 56 28,690 6,563 JNC Resources Inc. Common Shares mulberry, michael 4 2020-01-14 00 1,000,000 JNC Resources Inc. Common Shares Robb, Warren 4 2019-03-23 00 1,000,000 JNC Resources Inc. Common Shares Younie, Jonathan Leslie 5 2020-01-14 00 Just Energy Group Inc. Rights Directors HIGGINS, WALTER M. 4 2020-01-10 56 4,196 2,841 Compensation Plan Just Energy Group Inc. Rights Directors HOLLANDS, H. CLARK 4 2020-01-10 56 22,292 1,431 Compensation Plan Just Energy Group Inc. Rights Directors Ross, M. Dallas H. 4 2020-01-10 56 21,903 2,841 Compensation Plan Just Energy Group Inc. Rights Directors Weld, Bill 4 2020-01-10 56 60,749 4,432 Compensation Plan Kelt Exploration Ltd. Common Shares Miles, Patrick William 5 2019-12-31 30 4.093 849,912 9,954 George 8 Kelt Exploration Ltd. Common Shares Van Brunschot, Carolyn 5 2019-12-31 30 4.08 14,252 9,218 Kelt Exploration Ltd. Common Shares Wilson, David John 3, 4, 5 2020-01-14 10 4.36 2,017,567 100,000 Kootenay Silver Inc. Common Shares Zaradic, Andrea Melissa 4 2020-01-13 51 0.23 403,543 140,000 Kootenay Silver Inc. Options Zaradic, Andrea Melissa 4 2020-01-13 51 0.23 1,485,000 -140,000 Kootenay Silver Inc. Options Zaradic, Andrea Melissa 4 2020-01-13 52 485,000 -1,000,000 Kootenay Silver Inc. Options Zaradic, Andrea Melissa 4 2020-01-13 36 225,000 -260,000 KP Tissue Inc. Deferred Share Units Hardy, James Richmond 4 2020-01-15 30 9.84 4,104 73 (DSU) KP Tissue Inc. Common Shares Holbrook, Mark Kenneth 7, 5 2020-01-15 30 9.807 2,860 51 KP Tissue Inc. Deferred Share Units Korenberg, Michael 4 2020-01-15 30 9.84 2,255 40 (DSU) KP Tissue Inc. Rights to acquire Kruger II, Joseph 3, 6, 7 2020-01-15 56 54,644,317 981,634 common shares pursuant to Exchange Agreement KP Tissue Inc. Rights to acquire Kruger Inc. 3 2020-01-15 56 54,644,317 981,634 common shares pursuant to Exchange Agreement KP Tissue Inc. Deferred Share Units Letellier, Michel 4 2020-01-15 30 9.84 8,895 159 (DSU) KP Tissue Inc. Deferred Share Units Wendling, Louise 4 2020-01-15 30 9.84 8,302 149 (DSU) Michele Laramide Resources Ltd. Common Shares Booth, John Geoffrey 4 2020-01-16 16 0.2 1,540,909 75,000 Laramide Resources Ltd. Warrants Booth, John Geoffrey 4 2020-01-16 16 216,667 75,000 Laramide Resources Ltd. Common Shares Henderson, Marc 4, 5 2020-01-16 16 0.2 14,564,497 1,450,000 Charles Laramide Resources Ltd. Warrants Henderson, Marc 4, 5 2020-01-16 16 2,300,000 1,450,000 Charles
January 23, 2020 (2020), 43 OSCB 961
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Laramide Resources Ltd. Common Shares Patterson, D. Scott 4 2020-01-16 16 0.2 1,610,400 250,000 Laramide Resources Ltd. Warrants Patterson, D. Scott 4 2020-01-16 16 0.3 250,000 250,000 Largo Resources Ltd. Common Shares Chaves, Nilson Luciano 7 2020-01-11 54 1.01 27,974 Helio Largo Resources Ltd. Common Shares Chaves, Nilson Luciano 7 2020-01-11 54 1.01 27,974 Helio Largo Resources Ltd. Common Shares Chaves, Nilson Luciano 7 2020-01-11 57 1.01 73,309 27,974 Helio Largo Resources Ltd. Restricted Share Units Chaves, Nilson Luciano 7 2020-01-11 54 -27,974 Helio Largo Resources Ltd. Restricted Share Units Chaves, Nilson Luciano 7 2020-01-11 54 -27,974 Helio Largo Resources Ltd. Restricted Share Units Chaves, Nilson Luciano 7 2020-01-11 57 146,616 -27,974 Helio Largo Resources Ltd. Common Shares Cleave, Ernest Michael 5 2018-12-05 57 3.58 68,611 61,111 Largo Resources Ltd. Common Shares Cleave, Ernest Michael 5 2020-01-11 57 1.01 110,448 43,880 Largo Resources Ltd. Restricted Share Units Cleave, Ernest Michael 5 2018-12-05 57 122,222 -61,111 Largo Resources Ltd. Restricted Share Units Cleave, Ernest Michael 5 2020-01-11 57 148,871 -43,880 Largo Resources Ltd. Common Shares Misk, Paulo 4, 6, 5 2020-01-11 57 1.01 365,131 52,108 Largo Resources Ltd. Restricted Share Units Misk, Paulo 4, 6, 5 2020-01-11 57 234,859 -52,108 LEAGOLD MINING Common Shares Lourens, Cornelius 5 2020-01-10 51 2.11 200,000 200,000 CORPORATION Jansen LEAGOLD MINING Common Shares Lourens, Cornelius 5 2020-01-10 10 3.285 0 -200,000 CORPORATION Jansen 2 LEAGOLD MINING Options Lourens, Cornelius 5 2020-01-10 51 2.11 94,189 -200,000 CORPORATION Jansen Leucrotta Exploration Inc. Common Shares Brussa, John Albert 4 2019-12-31 30 0.82 558,465 6,100 Leucrotta Exploration Inc. Common Shares Chicoine, Nolan Gregory 5 2019-12-31 30 0.768 558,735 56,617 3 Leucrotta Exploration Inc. Common Shares Cochrane, Peter James 5 2019-12-31 30 0.768 755,583 56,617 Roy 3 Leucrotta Exploration Inc. Common Shares Eckert, Helmut 5 2019-12-31 30 0.768 535,571 56,617 3 Leucrotta Exploration Inc. Common Shares Sereda, Richard 5 2019-12-31 30 0.768 911,057 59,351 Douglas 3 Leucrotta Exploration Inc. Common Shares Trudeau, Terry 5 2019-12-31 30 0.768 1,291,790 71,585 3 Leucrotta Exploration Inc. Common Shares Zakresky, Robert John 5 2019-12-31 30 0.768 5,304,305 71,585 3 Lightspeed POS Inc. Subordinate Voting Martens, Reinhard 5 2020-01-07 00 115,792 Shares Hermann Liminal BioSciences Inc. Common Shares Harris, Gordon Frederick 7 2019-05-16 10 0.052 35,720 8,000 (formerly Prometic Life 5 Sciences Inc.) Liminal BioSciences Inc. Common Shares Harris, Gordon Frederick 7 2019-05-16 10 0.055 35,820 100 (formerly Prometic Life Sciences Inc.) Liminal BioSciences Inc. Common Shares Harris, Gordon Frederick 7 2019-06-14 57 0.015 751,820 716,000 (formerly Prometic Life 2 Sciences Inc.) Liminal BioSciences Inc. Common Shares Harris, Gordon Frederick 7 2020-01-14 37 752 -751,068 (formerly Prometic Life Sciences Inc.) Liminal BioSciences Inc. Rights (Expiry 4:00 Harris, Gordon Frederick 7 2016-08-10 00 (formerly Prometic Life p.m. EDT - June 14, Sciences Inc.) 2019) Liminal BioSciences Inc. Rights (Expiry 4:00 Harris, Gordon Frederick 7 2019-05-24 56 0.015 35,800 35,800 (formerly Prometic Life p.m. EDT - June 14, 2 Sciences Inc.) 2019) Liminal BioSciences Inc. Rights (Expiry 4:00 Harris, Gordon Frederick 7 2019-06-14 57 0.015 0 -35,800 (formerly Prometic Life p.m. EDT - June 14, 2 Sciences Inc.) 2019) Linamar Corporation Common Shares Linamar Corporation 1 2020-01-08 10 46.32 93,558 93,558 2 Linamar Corporation Common Shares Linamar Corporation 1 2020-01-09 10 47.53 187,116 93,558 9
January 23, 2020 (2020), 43 OSCB 962
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Linamar Corporation Common Shares Linamar Corporation 1 2020-01-10 10 48.08 280,674 93,558 8 Linamar Corporation Common Shares STODDART, MARK 4, 5 2020-01-08 10 45.38 163,067 133,900 Lincoln Ventures Ltd. Options Au, Eileen 5 2020-01-10 50 0.12 198,250 20,000 Lincoln Ventures Ltd. Options Flanigan, Murray Guinn 4 2020-01-13 50 0.12 785,000 630,000 Lithium Americas Corp. Rights Deferred Share Chubbs, Fabiana 4 2020-01-13 56 11,170 5,370 Units Elizabeth Lithium Americas Corp. Rights Deferred Share Cohn, Gary Michael 4 2020-01-13 56 62,384 9,923 Units Lithium Americas Corp. Rights Deferred Share Gao, Yuan 4 2019-10-20 00 Units Lithium Americas Corp. Rights Deferred Share Gao, Yuan 4 2020-01-13 56 3,705 3,705 Units Lithium Americas Corp. Rights Deferred Share Ireland, George R. 4, 6 2020-01-13 56 63,439 9,339 Units Lithium Americas Corp. Rights Deferred Share Kovavisarach, Chaiwat 4 2020-01-13 56 33,820 4,903 Units Lithium Americas Corp. Rights Deferred Share Wang, Xiaoshen 4 2020-01-13 56 35,753 4,903 Units Lodge Resources Inc. Common Shares Mathiesen, Steve 3, 4, 5 2019-05-24 00 Lodge Resources Inc. Common Shares Mathiesen, Steve 3, 4, 5 2020-01-10 51 0.1 200,000 200,000 Lodge Resources Inc. Options Mathiesen, Steve 3, 4, 5 2020-01-10 51 0.1 0 -200,000 Lomiko Metals Inc. Common Shares Gill, Amrit Paul Singh 5 2020-01-15 10 0.03 5,005,910 -850,000 Loopshare Ltd. Options Aasen, Olen John 4 2019-10-08 37 130,000 -1,170,000 Loopshare Ltd. Options Grange, Brian 4 2019-12-10 00 100,000 Loopshare Ltd. Options Hurford, Kimberly 5 2020-01-03 50 0.4 300,000 150,000 Brooke Loopshare Ltd. Options MUNDI, ROOPINDER 4 2020-01-03 50 0.4 550,000 50,000 SINGH Lotus Ventures Inc. Common Shares McClanaghan, Dale 4, 5 2020-01-14 10 0.135 37,664 40,000 Lumina Gold Corp. Common Shares Koval, Marshall 4 2019-12-24 47 11,636,939 -200,000 Magna International Inc. Rights Deferred Share Harder, Vernon Peter 4 2020-01-10 00 718 Units Harder Magna International Inc. Common Shares Wilds, Eric Jon Wilds 5 2020-01-10 00 21,280 Magna International Inc. Options Wilds, Eric Jon Wilds 5 2020-01-10 00 79,439 Magna International Inc. Rights Restricted Wilds, Eric Jon Wilds 5 2020-01-10 00 6,047 Stock Units (Cash) Mainstreet Equity Corp. Common Shares Amantea, Joe 4 2020-01-15 10 76.95 18,933 -100 Mangazeya Mining Ltd. Common Shares Yanchukov, Sergey 3 2020-01-15 10 0.07 68,000 63,000 Mangazeya Mining Ltd. Common Shares Yanchukov, Sergey 3 2020-01-15 10 0.065 73,000 5,000 Maple Leaf Foods Inc. Common Shares Lemon, Katherine 4 2020-01-15 30 24.75 8,419 1,386 Newell 6 Maple Leaf Foods Inc. Common Shares Stephenson, Carol M. 4 2020-01-15 30 24.75 22,112 1,174 6 Matachewan Common Shares McCloskey, Richard 4, 5 2019-12-20 10 0.115 4,119,000 4,000 Consolidated Mines, Duncan Limited Mawson Resources Options Ahola, Noora 4 2020-01-15 50 1,320,000 820,000 Limited Mawson Resources Common Shares Cook, Nicholas 5 2020-01-15 57 0.23 432,500 100,000 Limited Mawson Resources Options Cook, Nicholas 5 2020-01-15 50 1,320,000 820,000 Limited Mawson Resources Rights Restricted Cook, Nicholas 5 2020-01-15 56 100,000 100,000 Limited Share Units Mawson Resources Rights Restricted Cook, Nicholas 5 2020-01-15 57 0 -100,000 Limited Share Units Mawson Resources Options DeMare, Nick 4, 5 2020-01-15 50 790,000 490,000 Limited Mawson Resources Options DeMare, Nick 4, 5 2020-01-15 50 195,000 120,000 Limited Mawson Resources Options Henstridge, David Alan 4 2020-01-15 50 790,000 490,000 Limited
January 23, 2020 (2020), 43 OSCB 963
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Mawson Resources Common Shares Hudson, Michael Robert 4 2020-01-16 97 0.23 450,000 200,000 Limited Mawson Resources Common Shares Hudson, Michael Robert 4 2020-01-15 57 20000 1,777,119 200,000 Limited 0 Mawson Resources Common Shares Hudson, Michael Robert 4 2020-01-16 97 0.23 1,577,119 -200,000 Limited Mawson Resources Options Hudson, Michael Robert 4 2020-01-15 50 2,000,000 1,250,000 Limited Mawson Resources Rights Restricted Hudson, Michael Robert 4 2020-01-15 56 200,000 200,000 Limited Share Units Mawson Resources Rights Restricted Hudson, Michael Robert 4 2020-01-15 57 0 -200,000 Limited Share Units Mawson Resources Options Maclean, Colin John 4 2020-01-15 50 790,000 490,000 Limited Mawson Resources Options Saxon, Mark Stephen 5 2020-01-15 50 790,000 490,000 Limited Mawson Resources Options Williams, Philip 4 2020-01-15 50 1,190,000 490,000 Limited Maxim Power Corp. Common Shares Mitton, Kyle Rodney 5 2020-01-13 10 1.85 59,550 Maxim Power Corp. Common Shares Mitton, Kyle Rodney 5 2020-01-14 10 1.85 38,650 Maxim Power Corp. Common Shares Mitton, Kyle Rodney 5 2018-07-01 00 Maxim Power Corp. Common Shares Mitton, Kyle Rodney 5 2020-01-13 10 1.85 59,550 59,550 Maxim Power Corp. Common Shares Mitton, Kyle Rodney 5 2020-01-14 10 1.85 98,200 38,650 Maxtech Ventures Inc. Options Hodgson, Eugene 4 2020-01-15 50 0.15 300,000 300,000 Maxtech Ventures Inc. Options Wilson, Peter Grant 4, 5 2020-01-15 50 0.15 500,000 500,000 Maxtech Ventures Inc. Options Wilson, Peter Grant 4, 5 2020-01-15 50 0.15 800,000 800,000 Mazarin Inc. Common Shares MONETTE, SERGE 7 2020-01-13 10 0.07 1,019,500 2,000 MBN Corporation Common Shares MBN Corporation 1 2020-01-13 38 6.5 1,800 1,800 Equity Shares MBN Corporation Common Shares MBN Corporation 1 2020-01-13 38 0 -1,800 Equity Shares MBN Corporation Common Shares MBN Corporation 1 2020-01-15 38 6.55 700 700 Equity Shares MBN Corporation Common Shares MBN Corporation 1 2020-01-15 38 0 -700 Equity Shares MCAN Mortgage Common Shares Doré, Susan 4 2020-01-06 30 16.88 196,304 3,514 Corporation MCAN Mortgage Common Shares Doré, Susan 4 2020-01-06 30 16.88 4,637 86 Corporation MCAN Mortgage Common Shares Doré, Susan 4 2020-01-06 30 16.88 4,679 87 Corporation Medexus Common Shares Medexus 1 2019-12-02 38 4.05 200 200 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-02 38 4 2,900 2,700 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-02 38 4.3 3,000 100 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-02 38 4.2 3,900 900 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-03 38 4.48 4,100 200 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-03 38 4.49 5,900 1,800 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.)
January 23, 2020 (2020), 43 OSCB 964
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Medexus Common Shares Medexus 1 2019-12-03 38 4.15 6,400 500 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-03 38 4.29 7,100 700 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-04 38 4.29 7,900 800 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-04 38 4.1 8,400 500 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-04 38 4 14,100 5,700 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-04 38 3.95 16,100 2,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-04 38 3.9 18,100 2,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-04 38 3.8 19,600 1,500 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-04 38 3.7 21,600 2,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-04 38 3.65 26,600 5,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-04 38 3.74 26,700 100 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-04 38 3.75 29,600 2,900 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-05 38 3.89 30,600 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-05 38 3.9 32,600 2,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-05 38 4.15 33,100 500 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-05 38 4.1 34,100 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-05 38 4 35,100 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-05 38 3.95 37,100 2,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.)
January 23, 2020 (2020), 43 OSCB 965
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Medexus Common Shares Medexus 1 2019-12-06 38 3.85 38,100 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-09 38 4 39,100 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-09 38 3.95 40,100 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-10 38 3.87 46,700 6,600 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-10 38 3.85 48,700 2,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-10 38 3.82 49,300 600 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-10 38 3.88 50,100 800 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-11 38 3.9 55,100 5,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-11 38 4.05 56,100 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-11 38 4 57,100 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-12 38 4.08 58,100 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-13 38 4.09 59,600 1,500 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-13 38 4.04 60,600 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-17 38 3.98 60,700 100 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-17 38 3.99 67,000 6,300 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-18 38 3.99 68,000 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-18 38 3.95 69,500 1,500 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-19 38 3.95 70,500 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.)
January 23, 2020 (2020), 43 OSCB 966
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Medexus Common Shares Medexus 1 2019-12-19 38 3.9 72,000 1,500 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-19 38 3.94 73,000 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-20 38 3.94 74,000 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-20 38 3.93 75,000 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-23 38 3.94 76,000 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-23 38 3.9 76,200 200 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-23 38 3.87 76,700 500 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-23 38 3.82 77,700 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-27 38 3.83 78,700 1,000 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-27 38 3.82 79,100 400 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medexus Common Shares Medexus 1 2019-12-31 38 0 -79,100 Pharmaceuticals Inc. Pharmaceuticals Inc. (formerly Pediapharm Inc.) Medical Facilities Deferred Share Units Day-Linton, Marilynne 4 2019-12-31 30 52,497 4,705 Corporation Medical Facilities Deferred Share Units Day-Linton, Marilynne 4 2020-01-15 56 55,902 3,405 Corporation Medical Facilities Deferred Share Units Dineley, Stephen F. 4 2019-12-31 30 20,805 1,678 Corporation Medical Facilities Deferred Share Units Dineley, Stephen F. 4 2020-01-15 56 24,994 4,189 Corporation Medical Facilities Deferred Share Units Enright, Erin Suzanne 4 2019-12-31 30 13,747 875 Corporation Medical Facilities Deferred Share Units Enright, Erin Suzanne 4 2020-01-15 56 21,529 7,782 Corporation Medical Facilities Performance Share Horrar, Robert Oreon 4, 5 2019-12-31 30 42,577 3,713 Corporation Unit Medical Facilities Restricted Share Units Horrar, Robert Oreon 4, 5 2019-12-31 30 855 51 Corporation Medical Facilities Deferred Share Units Lawr, Dale M. 4 2019-12-31 30 32,120 2,809 Corporation Medical Facilities Deferred Share Units Lawr, Dale M. 4 2020-01-15 56 35,866 3,746 Corporation Medical Facilities Deferred Share Units Lozon, Jeffrey Clifford 4 2019-12-31 30 24,121 1,956 Corporation Medical Facilities Deferred Share Units Lozon, Jeffrey Clifford 4 2020-01-15 56 29,569 5,448 Corporation
January 23, 2020 (2020), 43 OSCB 967
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Medical Facilities Convertible Medical Facilities 1 2019-12-31 38 $0 -$41,743,000 Corporation Debentures Corporation Convertible Debentures 5.90% Unsecured due December 31, 2019 Medical Facilities Performance Share Rolfe, James Davis 5 2019-12-31 30 28,385 2,475 Corporation Unit Medical Facilities Restricted Share Units Rolfe, James Davis 5 2019-12-31 30 24,065 1,445 Corporation Medical Facilities Deferred Share Units Shahim, Reza 4 2019-12-31 30 24,494 1,887 Corporation Medical Facilities Deferred Share Units Shahim, Reza 4 2020-01-15 56 31,713 7,219 Corporation MedX Health Corp. Options Canitano, Luigi 5 2019-11-26 52 0.1 500,000 -625,000 MedX Health Corp. Options Canitano, Luigi 5 2019-12-31 50 0.17 890,000 390,000 MedX Health Corp. Options Cooke, James H. 5 2019-11-26 52 0.1 250,000 -2,500,000 MedX Health Corp. Options Cooke, James H. 5 2019-12-31 50 0.17 1,580,000 1,330,000 MedX Health Corp. Options Freeman, Christopher 5 2019-12-31 50 0.17 500,000 250,000 Hugh Meryllion Resources Common Shares Gelfand, Benjamin 4 2020-01-10 10 0.005 -1,769,000 Corporation Meryllion Resources Common Shares Gelfand, Benjamin 4 2020-01-10 10 0.005 -1,769,000 Corporation Meryllion Resources Common Shares Gelfand, Benjamin 4 2020-01-10 10 0.005 -1,419,000 -1,769,000 Corporation Metalla Royalty & Options Beeby, James 4 2019-05-14 00 Streaming Ltd. Metalla Royalty & Options Beeby, James 4 2020-01-15 50 50,000 50,000 Streaming Ltd. Metalla Royalty & Rights Restricted Beeby, James 4 2020-01-15 56 9,250 3,000 Streaming Ltd. Share Units Metalla Royalty & Common Shares Clark, Drew 5 2018-01-02 00 Streaming Ltd. Metalla Royalty & Common Shares Clark, Drew 5 2020-01-15 10 2.56 50,000 50,000 Streaming Ltd. Metalla Royalty & Common Shares Clark, Drew 5 2020-01-15 10 7.69 0 -50,000 Streaming Ltd. Metalla Royalty & Options Clark, Drew 5 2020-01-15 51 2.56 75,000 -50,000 Streaming Ltd. Metalla Royalty & Options Clark, Drew 5 2020-01-15 50 140,000 65,000 Streaming Ltd. Metalla Royalty & Options Clark, Drew 5 2020-01-17 51 2.56 -50,000 Streaming Ltd. Metalla Royalty & Options Heath, Brett 4, 5 2020-01-15 50 7.66 730,000 130,000 Streaming Ltd. Metalla Royalty & Options Krepiakevich, Terry 4 2020-01-15 00 Streaming Ltd. Metalla Royalty & Options Krepiakevich, Terry 4 2020-01-15 50 7.66 70,000 70,000 Streaming Ltd. Metalla Royalty & Common Shares Molyneux, Alexander 4 2020-01-16 57 7.66 107,302 3,000 Streaming Ltd. Metalla Royalty & Options Molyneux, Alexander 4 2020-01-16 50 7.66 191,250 60,000 Streaming Ltd. Metalla Royalty & Rights Restricted Molyneux, Alexander 4 2020-01-16 56 7.66 18,625 3,000 Streaming Ltd. Share Units Metalla Royalty & Rights Restricted Molyneux, Alexander 4 2020-01-16 57 7.66 15,625 -3,000 Streaming Ltd. Share Units Metalla Royalty & Common Shares Roulston, Lawrence 4 2020-01-09 57 4 42,166 15,625 Streaming Ltd. Metalla Royalty & Options Roulston, Lawrence 4 2020-01-15 50 7.66 312,000 60,000 Streaming Ltd. Metalla Royalty & Rights Restricted Roulston, Lawrence 4 2020-01-09 57 4 15,625 -15,625 Streaming Ltd. Share Units Metalla Royalty & Rights Restricted Roulston, Lawrence 4 2020-01-15 56 7.66 18,625 3,000 Streaming Ltd. Share Units
January 23, 2020 (2020), 43 OSCB 968
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Metalla Royalty & Common Shares Tucker, E.B. 4 2020-01-15 57 7.66 248,617 3,000 Streaming Ltd. Metalla Royalty & Options Tucker, E.B. 4 2020-01-15 50 7.66 388,750 70,000 Streaming Ltd. Metalla Royalty & Rights Restricted Tucker, E.B. 4 2017-02-24 00 Streaming Ltd. Share Units Metalla Royalty & Rights Restricted Tucker, E.B. 4 2020-01-15 56 7.66 3,000 3,000 Streaming Ltd. Share Units Metalla Royalty & Rights Restricted Tucker, E.B. 4 2020-01-15 57 7.66 0 -3,000 Streaming Ltd. Share Units Methanex Corporation Common Shares ABRARY, NOJAN 7 2019-12-31 30 8,801 1,231 Methanex Corporation Rights Performance ABRARY, NOJAN 7 2019-12-31 30 3,138 100 Share Units Methanex Corporation Common Shares Allard, Mark 7 2019-12-31 30 10,282 1,201 Methanex Corporation Rights Performance Allard, Mark 7 2019-12-31 30 4,324 138 Share Units Methanex Corporation Common Shares Bain, Colin 7 2019-12-31 30 791 675 Methanex Corporation Rights Performance Bain, Colin 7 2019-12-31 30 1,436 46 Share Units Methanex Corporation Common Shares Bell, Colin 5 2019-12-31 30 2,617 136 Methanex Corporation Rights Performance Bell, Colin 5 2019-12-31 30 3,030 28 Share Units Methanex Corporation Common Shares Boon, Sarah 5 2019-12-31 30 4,781 483 Methanex Corporation Rights Performance Boon, Sarah 5 2019-12-31 30 3,138 67 Share Units Methanex Corporation Common Shares Boyd, Bradley 5 2019-12-31 30 25,712 1,945 Methanex Corporation Rights Performance Boyd, Bradley 5 2019-12-31 30 11,848 380 Share Units Methanex Corporation Common Shares Cameron, Ian Peter 5 2019-12-31 30 25,632 710 Methanex Corporation Rights Deferred Share Cameron, Ian Peter 5 2019-12-31 30 48,973 1,593 Units Methanex Corporation Rights Performance Cameron, Ian Peter 5 2019-12-31 30 25,740 827 Share Units Methanex Corporation Common Shares Chadee, Rudinauth 7 2019-12-31 30 5,547 823 Methanex Corporation Rights Performance Chadee, Rudinauth 7 2019-12-31 30 1,726 55 Share Units Methanex Corporation Common Shares Daoust, Paul 7 2019-12-31 30 13,608 1,365 Methanex Corporation Rights Performance Daoust, Paul 7 2019-12-31 30 4,107 131 Share Units Methanex Corporation Common Shares Delbarre, Karine 7 2019-12-31 30 10,814 1,044 Methanex Corporation Rights Performance Delbarre, Karine 7 2019-12-31 30 2,931 93 Share Units Methanex Corporation Common Shares Floren, John 4, 5 2019-12-31 30 115,089 3,356 Methanex Corporation Common Shares Fuchslocher, Priscilla 5 2019-12-31 30 8,103 734 Methanex Corporation Rights Performance Fuchslocher, Priscilla 5 2019-12-31 30 1,481 39 Share Units Methanex Corporation Common Shares Henderson, Kevin 5 2019-12-31 30 31,237 2,179 Methanex Corporation Rights Performance Henderson, Kevin 5 2019-12-31 30 18,320 589 Share Units Methanex Corporation Common Shares Herz, Mike 7 2019-12-31 30 45,062 2,226 Methanex Corporation Rights Performance Herz, Mike 7 2019-12-31 30 18,526 595 Share Units Methanex Corporation Common Shares Hexter, Paul 7 2019-12-31 30 5,184 897 Methanex Corporation Rights Performance Hexter, Paul 7 2019-12-31 30 3,351 107 Share Units Methanex Corporation Common Shares James, Vanessa 7 2019-12-31 30 35,725 2,339 Methanex Corporation Rights Performance James, Vanessa 7 2019-12-31 30 18,526 595 Share Units Methanex Corporation Common Shares LARRIVE, ALEJANDRO 7 2019-12-31 30 18,598 1,711 Methanex Corporation Rights Performance LARRIVE, ALEJANDRO 7 2019-12-31 30 3,459 110 Share Units Methanex Corporation Common Shares M&G Investment 3 2020-01-14 90 39.76 1,907,586 12,985 Management Limited
January 23, 2020 (2020), 43 OSCB 969
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Methanex Corporation Common Shares M&G Investment 3 2020-01-14 90 39.76 4,513,496 20,441 Management Limited Methanex Corporation Common Shares M&G Investment 3 2020-01-13 10 39.01 -183,108 Management Limited Methanex Corporation Common Shares M&G Investment 3 2020-01-13 10 39.01 -183,108 Management Limited Methanex Corporation Common Shares M&G Investment 3 2020-01-13 10 39.1 207,292 -183,108 Management Limited Methanex Corporation Common Shares M&G Investment 3 2020-01-14 10 39.52 123,426 -83,866 Management Limited 7 Methanex Corporation Common Shares M&G Investment 3 2020-01-14 90 39.76 90,000 -33,426 Management Limited Methanex Corporation Common Shares Parra, Gustavo 7 2019-12-31 30 43,672 2,753 Methanex Corporation Rights Performance Parra, Gustavo 7 2019-12-31 30 4,319 138 Share Units Methanex Corporation Common Shares Price, Kevin 5 2019-12-31 30 10,399 1,218 Methanex Corporation Rights Performance Price, Kevin 5 2019-12-31 30 4,107 131 Share Units Methanex Corporation Common Shares RICHARDSON, DEAN 7 2019-12-31 30 13,042 1,156 Methanex Corporation Rights Performance RICHARDSON, DEAN 7 2019-12-31 30 3,999 127 Share Units Methanex Corporation Common Shares Shindy, Mohamed 7 2019-12-31 30 3,574 1,590 Methanex Corporation Rights Performance Shindy, Mohamed 7 2019-12-31 30 4,535 145 Share Units Methanex Corporation Common Shares Sumner, Rich 7, 5 2019-12-31 30 6,901 848 Methanex Corporation Rights Performance Sumner, Rich 7, 5 2019-12-31 30 4,996 160 Share Units Methanex Corporation Common Shares Wiggins, Wade 7, 5 2019-12-31 30 29,200 1,617 Methanex Corporation Rights Performance Wiggins, Wade 7, 5 2019-12-31 30 4,107 131 Share Units Mexican Gold Corp. Common Shares O'Neill, Philip 4, 5 2020-01-16 11 0.125 0 -5,000,000 Mexican Gold Corp. Common Shares Palisades Goldcorp Ltd. 3 2020-01-16 00 24,446,388 Mexican Gold Corp. Common Shares Palisades Goldcorp Ltd. 3 2020-01-16 00 11,875,000 Mexican Gold Corp. Common Shares Palisades Goldcorp Ltd. 3 2020-01-16 00 1,500,000 Mexican Gold Corp. Warrants Palisades Goldcorp Ltd. 3 2020-01-16 00 11,875,000 Mexican Gold Corp. Warrants Palisades Goldcorp Ltd. 3 2020-01-16 00 1,500,000 Mexican Gold Corp. Warrants Zamani, Ali 4 2019-03-03 55 0 -1,300,000 Mich Resources Ltd. Common Shares Brown, Mark Thomas 4, 5 2020-01-14 11 0.003 1,400,002 -199,998 Micron Waste Common Shares Malhi, Kulwant 5 2020-01-14 10 0.05 2,757,000 257,000 Technologies Inc. (formerly, Finore Mining Inc.) Midas Gold Corp. Options Donovan, Jaimie 4 2019-07-05 50 0.63 95,000 95,000 Midas Gold Corp. Options Donovan, Jaimie 4 2019-12-31 50 0.62 200,000 105,000 Midas Gold Corp. Options Fend, Kyle 2 2020-01-10 50 0.62 483,750 160,000 Middlefield Global Real Trust Units Brasseur, Jeremy 6 2019-11-26 00 Asset Fund Middlefield Global Real Trust Units Brasseur, Jeremy 6 2020-01-10 10 9.666 1,500 1,500 Asset Fund Middlefield Global Real Trust Units Middlefield Global Real 1 2020-01-10 38 9.650 18,700 13,500 Asset Fund Asset Fund 1 Middlefield Global Real Trust Units Middlefield Global Real 1 2020-01-13 38 9.728 29,100 10,400 Asset Fund Asset Fund 8 Middlefield Global Real Trust Units Middlefield Global Real 1 2020-01-14 38 9.673 36,400 7,300 Asset Fund Asset Fund 2 Middlefield Global Real Trust Units Middlefield Global Real 1 2020-01-15 38 9.593 40,000 3,600 Asset Fund Asset Fund 3 Middlefield Global Real Trust Units Middlefield Global Real 1 2020-01-16 38 9.613 47,700 7,700 Asset Fund Asset Fund 6 Minera Alamos Inc. Common Shares OSISKO GOLD 3 2020-01-10 16 0.2 76,080,000 30,000,000 ROYALTIES LTD Minera Alamos Inc. Common Shares OSISKO GOLD 3 2020-01-13 16 0.2 30,000,000 ROYALTIES LTD
January 23, 2020 (2020), 43 OSCB 970
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Minera Alamos Inc. Common Shares Ramshaw, Douglas 4, 5 2020-01-14 10 0.26 4,030,200 13,000 William Minera Alamos Inc. Common Shares Ramshaw, Douglas 4, 5 2020-01-15 10 0.26 4,057,200 27,000 William Minera Alamos Inc. Common Shares Ramshaw, Douglas 4, 5 2020-01-16 10 0.265 4,060,700 3,500 William Minera Alamos Inc. Common Shares Ramshaw, Douglas 4, 5 2020-01-16 10 0.265 4,077,200 16,500 William Mineral Mountain Common Shares Coughlan, Terrance 4 2020-01-16 10 0.335 453,000 50,000 Resources Ltd. Barry MINT Income Fund Trust Units MINT Income Fund 1 2020-01-10 38 6.253 71,600,051 800 8 MINT Income Fund Trust Units MINT Income Fund 1 2020-01-15 38 6.29 71,600,251 200 MINT Income Fund Trust Units Orrico, Dean 6 2019-12-31 30 52,364 3,845 MINT Income Fund Trust Units Orrico, Dean 6 2019-12-31 30 5,619 408 MINT Income Fund Trust Units Orrico, Dean 6 2019-12-31 30 18,289 1,338 MJardin Group, Inc. Common Shares Sugarman, Lorne 4 2019-02-19 00 277,344 (formerly, Sumtra Diversified Inc.) MJardin Group, Inc. Options Sugarman, Lorne 4 2019-02-19 00 72,000 (formerly, Sumtra Diversified Inc.) Monarch Gold Common Shares Lacoste, Jean-Marc 4, 5 2020-01-15 51 0.13 200,000 200,000 Corporation Monarch Gold Options Lacoste, Jean-Marc 4, 5 2020-01-15 51 0.13 2,450,000 -200,000 Corporation Monarch Gold Common Shares Séguin, Mathieu 5 2020-01-10 10 0.22 2,150,000 50,000 Corporation Moneda LatAm Corporate Units Class A Moneda Latam Corp. 1 2019-12-13 38 9.798 283,881 283,881 Bond Fund Bond Fund 1 Moneda LatAm Corporate Units Class A Moneda Latam Corp. 1 2019-12-13 38 9.798 0 -283,881 Bond Fund Bond Fund 1 MONETA PORCUPINE Common Shares Vejvoda, Josef 4 2020-01-13 10 0.134 29,884,000 121,500 MINES INC. MONETA PORCUPINE Common Shares Vejvoda, Josef 4 2020-01-13 10 0.134 29,984,000 100,000 MINES INC. MONETA PORCUPINE Common Shares Vejvoda, Josef 4 2020-01-15 10 0.126 30,160,000 176,000 MINES INC. MONETA PORCUPINE Common Shares Vejvoda, Josef 4 2020-01-17 10 0.116 30,210,000 50,000 MINES INC. Morguard Corporation Common Shares Morguard Corporation 1 2020-01-10 38 199.5 9,000 9,000 Morguard Corporation Common Shares Morguard Corporation 1 2020-01-10 38 0 -9,000 Morguard Corporation Common Shares Morguard Corporation 1 2020-01-13 38 200 87 87 Morguard Corporation Common Shares Morguard Corporation 1 2020-01-13 38 0 -87 Morguard Corporation Common Shares Morguard Corporation 1 2020-01-13 38 199 13,413 13,413 Morguard Corporation Common Shares Morguard Corporation 1 2020-01-13 38 0 -13,413 MTY Food Group Inc. Common Shares Benzacar, Marc 5 2019-11-01 30 52.52 2,821 54 4 MTY Food Group Inc. Common Shares Benzacar, Marc 5 2019-11-18 35 55.36 2,829 8 5 MTY Food Group Inc. Common Shares Benzacar, Marc 5 2019-12-03 30 56.60 2,865 36 1 MTY Food Group Inc. Common Shares Benzacar, Marc 5 2019-12-31 30 55.68 2,903 38 MTY Food Group Inc. Common Shares Lefebvre, Eric 4, 5 2020-01-14 30 4,609 800 MTY Food Group Inc. Common Shares St-Onge, Renee 5 2019-11-01 30 52.52 1,775 49 4 MTY Food Group Inc. Common Shares St-Onge, Renee 5 2019-11-18 35 55.36 1,780 5 5 MTY Food Group Inc. Common Shares St-Onge, Renee 5 2019-12-03 30 56.60 1,814 34 1 MTY Food Group Inc. Common Shares St-Onge, Renee 5 2019-12-31 30 55.68 1,849 35 Murchison Minerals Ltd. Common Shares Cudney, Robert Douglas 3 2020-01-07 10 0.155 7,361,000 50,000 9 Myriad Metals Corp. Common Shares Smith, Peter 4, 5 2020-01-13 10 0.145 512,367 25,000 2
January 23, 2020 (2020), 43 OSCB 971
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Myriad Metals Corp. Common Shares Smith, Peter 4, 5 2020-01-13 10 0.15 537,367 25,000 Myriad Metals Corp. Common Shares Smith, Peter 4, 5 2020-01-14 10 0.15 539,367 2,000 Myriad Metals Corp. Common Shares Smith, Peter 4, 5 2020-01-15 10 0.15 542,367 3,000 Myriad Metals Corp. Common Shares Smith, Peter 4, 5 2020-01-16 10 0.15 553,867 11,500 Nabis Holdings Inc. Common Shares Krytiuk, Mark 5 2020-01-14 10 0.04 12,001,616 1,500 (formerly, Innovative Properties Inc.) National Access Common Shares Sinclair, Christian 4 2019-02-26 00 50,000 Cannabis Corp. dba META Growth Enterprises Natures Hemp Corp. Common Shares McGrath, Sean 5 2018-11-12 16 28,991 Natures Hemp Corp. Common Shares McGrath, Sean 5 2018-11-12 16 31,516 31,516 Neptune Wellness Common Shares Cammarata, Michael 4 2019-10-23 57 4.43 150,617 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Common Shares Cammarata, Michael 4 2019-10-23 57 3.36 605,163 150,617 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Common Shares Cammarata, Michael 4 2019-11-12 57 47,872 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Common Shares Cammarata, Michael 4 2019-11-12 57 4.43 47,872 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Common Shares Cammarata, Michael 4 2019-11-12 57 2.95 653,035 47,872 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Common Shares Cammarata, Michael 4 2019-12-19 57 4.43 47,872 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Common Shares Cammarata, Michael 4 2019-12-19 57 2.66 740,207 47,872 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Common Shares Cammarata, Michael 4 2020-01-09 57 4.43 47,872 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Common Shares Cammarata, Michael 4 2020-01-09 57 2.57 788,079 47,872 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2019-10-23 57 4.43 -150,617 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2019-10-23 57 3.36 2,649,383 -150,617 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2019-10-23 59 4.43 -82,717 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2019-10-23 97 -82,717 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2019-10-23 97 4.43 -82,717 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.)
January 23, 2020 (2020), 43 OSCB 972
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Neptune Wellness Restricted Share Units Cammarata, Michael 4 2019-10-23 97 3.36 2,566,666 -82,717 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2019-11-12 57 -47,872 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2019-11-12 57 4.43 -47,872 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2019-11-12 57 2.95 2,518,794 -47,872 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2019-11-12 97 -29,906 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2019-11-12 97 4.43 -29,906 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2019-11-12 97 2.95 2,488,888 -29,906 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2019-12-19 97 4.43 -29,906 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2019-12-19 97 2.66 2,458,982 -29,906 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2019-12-19 57 4.43 -47,872 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2019-12-19 57 2.66 2,411,110 -47,872 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2020-01-09 57 4.43 -47,872 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2020-01-09 57 2.57 2,363,238 -47,872 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2020-01-09 97 4.43 -29,906 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) Neptune Wellness Restricted Share Units Cammarata, Michael 4 2020-01-09 97 2.57 2,333,332 -29,906 Solutions Inc. (formerly Taylor Neptune Technologies & Bioressources Inc.) NervGen Pharma Corp. Common Shares Pilz, Robert 5 2020-01-13 10 3.06 292,500 -15,000 Newrange Gold Corp. Common Shares Cross, David Allen 5 2020-01-13 16 0.1 1,718,711 100,000 Next Green Wave Common Shares Chow, Paul 4 2020-01-13 10 0.1 4,951,333 35,000 Holdings Inc. Next Green Wave Common Shares Wilson, David 4 2020-01-09 00 1,001,500 Holdings Inc. Next Green Wave Common Shares Wilson, David 4 2020-01-09 00 399,000 Holdings Inc. Next Green Wave Options Wilson, David 4 2020-01-09 00 Holdings Inc.
January 23, 2020 (2020), 43 OSCB 973
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Next Green Wave Options Wilson, David 4 2020-01-09 50 0.15 850,000 850,000 Holdings Inc. NFI Group Inc. (formerly Common Shares Cochran, Phyllis Elaine 4 2019-06-07 57 4,895 772 New Flyer Industries Inc.) NFI Group Inc. (formerly Common Shares Cochran, Phyllis Elaine 4 2019-12-19 57 7,719 1,175 New Flyer Industries Inc.) NFI Group Inc. (formerly Restricted Share Units Cochran, Phyllis Elaine 4 2019-06-07 56 772 772 New Flyer Industries Inc.) NFI Group Inc. (formerly Restricted Share Units Cochran, Phyllis Elaine 4 2019-06-07 57 0 -772 New Flyer Industries Inc.) NFI Group Inc. (formerly Restricted Share Units Cochran, Phyllis Elaine 4 2019-09-30 56 1,157 New Flyer Industries Inc.) NFI Group Inc. (formerly Restricted Share Units Cochran, Phyllis Elaine 4 2019-09-30 56 1,157 New Flyer Industries Inc.) NFI Group Inc. (formerly Restricted Share Units Cochran, Phyllis Elaine 4 2019-12-19 56 1,175 1,175 New Flyer Industries Inc.) NFI Group Inc. (formerly Restricted Share Units Cochran, Phyllis Elaine 4 2019-12-19 57 0 -1,175 New Flyer Industries Inc.) NFI Group Inc. (formerly Common Shares Nunes, Paulo Cezar 4 2019-06-07 57 4,407 557 New Flyer Industries Inc.) NFI Group Inc. (formerly Common Shares Nunes, Paulo Cezar 4 2019-12-19 57 5,497 623 New Flyer Industries Inc.) NFI Group Inc. (formerly Restricted Share Units Nunes, Paulo Cezar 4 2019-06-07 56 557 557 New Flyer Industries Inc.) NFI Group Inc. (formerly Restricted Share Units Nunes, Paulo Cezar 4 2019-06-07 57 0 -557 New Flyer Industries Inc.) NFI Group Inc. (formerly Restricted Share Units Nunes, Paulo Cezar 4 2019-09-30 56 1,157 New Flyer Industries Inc.)
NFI Group Inc. (formerly Restricted Share Units unes, Paulo Cezar 4 2019-09-30 56 1,157 New Flyer Industries Inc.) NFI Group Inc. (formerly Restricted Share Units Nunes, Paulo Cezar 4 2019-12-19 56 623 623 New Flyer Industries Inc.) NFI Group Inc. (formerly Restricted Share Units Nunes, Paulo Cezar 4 2019-12-19 57 0 -623 New Flyer Industries Inc.) Nicola Mining Inc. Common Shares Espig, Peter Edward 4 2020-01-06 10 0.115 9,031,529 -9,542 Nighthawk Gold Corp. Common Shares Byron, Michael 4, 5 2020-01-13 37 880 -3,520 Nighthawk Gold Corp. Common Shares Byron, Michael 4, 5 2020-01-13 37 96,571 -386,284 Nighthawk Gold Corp. Options Byron, Michael 4, 5 2020-01-13 37 745,000 -2,980,000 Nighthawk Gold Corp. Rights Restricted Byron, Michael 4, 5 2020-01-13 37 75,000 -300,000 Share Units Nighthawk Gold Corp. Common Shares Cudney, Robert Douglas 3 2020-01-13 37 8,693,400 -34,773,089 Nighthawk Gold Corp. Common Shares Cudney, Robert Douglas 3 2020-01-13 37 120,982 -483,927 Nighthawk Gold Corp. Options Cudney, Robert Douglas 3 2019-06-10 52 500,000 -162,467 Nighthawk Gold Corp. Options Cudney, Robert Douglas 3 2020-01-13 37 100,000 -400,000 Nighthawk Gold Corp. Common Shares Eves, Ernest Larry 4 2020-01-13 37 24,000 -96,000 Nighthawk Gold Corp. Options Eves, Ernest Larry 4 2020-01-13 37 197,493 -789,974 Nighthawk Gold Corp. Rights Restricted Eves, Ernest Larry 4 2020-01-13 37 25,000 -100,000 Share Units Nighthawk Gold Corp. Common Shares Howlett, Brian 4 2020-01-13 37 58,000 -232,000 Nighthawk Gold Corp. Common Shares Howlett, Brian 4 2020-01-13 37 51,000 -204,000 Nighthawk Gold Corp. Common Shares Howlett, Brian 4 2020-01-13 37 264,000 -1,056,000 Nighthawk Gold Corp. Options Howlett, Brian 4 2020-01-13 36 675,000 -200,000 Nighthawk Gold Corp. Options Howlett, Brian 4 2020-01-13 37 475,000 -200,000 Nighthawk Gold Corp. Options Howlett, Brian 4 2020-01-13 37 275,000 -200,000 Nighthawk Gold Corp. Options Howlett, Brian 4 2020-01-13 37 175,000 -100,000 Nighthawk Gold Corp. Rights Restricted Howlett, Brian 4 2020-01-13 37 25,000 -100,000 share Units Nighthawk Gold Corp. Common Shares Leskovec, Michael 5 2020-01-13 37 36,089 -144,357 George Nighthawk Gold Corp. Common Shares Leskovec, Michael 5 2020-01-13 37 4,280 -17,120 George Nighthawk Gold Corp. Common Shares Leskovec, Michael 5 2020-01-13 37 25,332 -101,329 George
January 23, 2020 (2020), 43 OSCB 974
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Nighthawk Gold Corp. Common Shares Leskovec, Michael 5 2020-01-13 37 7,298 -29,195 George Nighthawk Gold Corp. Common Shares Leskovec, Michael 5 2020-01-08 10 105,000 5,000 George Nighthawk Gold Corp. Common Shares Leskovec, Michael 5 2020-01-13 37 25,000 -80,000 George Nighthawk Gold Corp. Common Shares Leskovec, Michael 5 2020-01-13 10 2.7 25,750 750 George Nighthawk Gold Corp. Common Shares Leskovec, Michael 5 2020-01-13 37 21,750 -4,000 George Nighthawk Gold Corp. Options Leskovec, Michael 5 2020-01-13 37 537,540 -2,150,161 George Nighthawk Gold Corp. Rights Restricted Leskovec, Michael 5 2020-01-13 37 45,000 -180,000 Share Units George Nighthawk Gold Corp. Common Shares Lessard, Luc 4 2020-01-13 37 148,600 -594,400 Nighthawk Gold Corp. Options Lessard, Luc 4 2020-01-13 37 260,000 -1,040,000 Nighthawk Gold Corp. Rights Restricted Lessard, Luc 4 2020-01-13 37 25,000 -100,000 Share Units Nighthawk Gold Corp. Common Shares Peters, Brent James 4 2020-01-13 37 261,078 -1,044,313 Nighthawk Gold Corp. Options Peters, Brent James 4 2020-01-13 37 213,992 -855,968 Nighthawk Gold Corp. Rights Restricted Peters, Brent James 4 2020-01-13 37 25,000 -100,000 Share Units Nighthawk Gold Corp. Common Shares Prychidny, Morris 4 2020-01-13 37 7,700 -30,800 Nighthawk Gold Corp. Common Shares Prychidny, Morris 4 2020-01-13 37 268,995 -1,075,980 Nighthawk Gold Corp. Options Prychidny, Morris 4 2020-01-13 37 280,500 -1,122,000 Nighthawk Gold Corp. Rights Restricted Prychidny, Morris 4 2020-01-13 37 26,500 -106,000 Share Units Nighthawk Gold Corp. Common Shares Ramcharan, Suzette 5 2020-01-13 37 19,600 -78,400 Nadine Nighthawk Gold Corp. Options Ramcharan, Suzette 5 2020-01-13 37 218,000 -872,000 Nadine Nighthawk Gold Corp. Rights Restricted Ramcharan, Suzette 5 2020-01-13 37 40,000 -160,000 Share Units Nadine Nighthawk Gold Corp. Warrants Ramcharan, Suzette 5 2020-01-13 37 5,000 -20,000 Nadine Northern Dynasty Options Collier, Thomas 7 2020-01-17 52 0.89 852,000 -750,000 Minerals Ltd. Cleveland Northern Dynasty Common Shares Keep, Gordon 4 2020-01-15 11 0.49 688,126 135,000 Minerals Ltd. Northern Dynasty Common Shares Thiessen, Ronald 4 2020-01-16 15 0.49 4,194,628 408,163 Minerals Ltd. William Northern Dynasty Warrants Thiessen, Ronald 4 2019-12-03 53 0.75 839,888 33,333 Minerals Ltd. William NORTHERN LIGHTS Common Shares Bahnsen, Jason 4, 5 2020-01-13 10 0.06 1,631,000 5,000 RESOURCES CORP. NORTHERN LIGHTS Common Shares Bahnsen, Jason 4, 5 2020-01-13 10 0.059 1,635,000 4,000 RESOURCES CORP. NORTHERN LIGHTS Common Shares Bahnsen, Jason 4, 5 2020-01-16 10 0.06 1,640,000 5,000 RESOURCES CORP. Northfield Capital Common Shares Northfield Capital 1 2020-01-08 38 30 62,130 2,000 Corporation CLASS A Corporation RESTRICTED VOTING Northfield Capital Common Shares Northfield Capital 1 2020-01-13 38 30 64,130 2,000 Corporation CLASS A Corporation RESTRICTED VOTING Novo Resources Corp. Options Barrett, Michael Charles 4 2020-01-16 50 3.57 1,000,000 500,000 Novo Resources Corp. Options Hennigh, Quinton Todd 4 2020-01-16 50 3.57 2,575,000 725,000 Novo Resources Corp. Options Humphryson, Robert 5 2020-01-16 50 3.57 2,550,000 600,000 James Novo Resources Corp. Options Karabelas, Leonidas 5 2020-01-17 50 3.57 500,000 150,000 Novo Resources Corp. Options Levinson, Akiko 4 2020-01-16 50 3.57 1,200,000 500,000 Novo Resources Corp. Options Sabo-Walsh, Ronan 5 2020-01-16 50 3.57 1,400,000 600,000 Joseph
January 23, 2020 (2020), 43 OSCB 975
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Nuran Wireless Inc. Common Shares BÉDARD, Martin 3 2020-01-14 10 0.045 1,050,000 -150,000 (formerly 1014372 B.C. Ltd.) Nutritional High Common Shares Presement, Brian 4 2020-01-13 35 0.045 579,773 79,344 International Inc. Nutritional High Common Shares Presement, Brian 4 2020-01-13 35 0.045 611,852 32,079 International Inc. Nutritional High Common Shares Szweras, Adam Kelley 4, 5 2020-01-13 35 0.045 1,793,891 25,664 International Inc. Nutritional High Common Shares Szweras, Adam Kelley 4, 5 2020-01-13 35 0.045 1,992,250 198,359 International Inc. NUVISTA ENERGY LTD. Common Shares Andreachuk, Ross Lloyd 5 2019-12-31 10 2.83 91,529 14,336 NUVISTA ENERGY LTD. Common Shares Asman, Kevin Garth 5 2019-12-31 10 2.83 106,617 12,871 NUVISTA ENERGY LTD. Common Shares Lawford, Michael 5 2019-12-31 10 2.81 108,753 15,785 NUVISTA ENERGY LTD. Common Shares LeGrow, Christopher 5 2019-12-31 10 2.42 34,598 7,238 Mark Alessandro NUVISTA ENERGY LTD. Common Shares Paulgaard, Ryan Daniel 5 2019-12-31 10 2.69 99,556 12,470 NUVISTA ENERGY LTD. Common Shares Truba, Joshua Thomas 5 2019-12-31 10 2.83 48,409 12,059 NUVISTA ENERGY LTD. Common Shares Wright, Jonathan 5 2019-12-31 10 2.83 448,150 24,150 Andrew NXT Energy Solutions Options Liszicasz, George 3, 4, 5 2020-01-09 52 1.35 0 -7,500 Inc. NXT Energy Solutions Options Selby, Charles Vincent 4 2020-01-13 52 1.35 50,000 -7,500 Inc. Olympia Financial Group Common Shares BARNARD, GERHARD 5 2007-10-01 00 Inc. STEPHANUS Olympia Financial Group Common Shares BARNARD, GERHARD 5 2019-09-19 30 43.45 34 34 Inc. STEPHANUS Olympia Financial Group Common Shares BARNARD, GERHARD 5 2019-11-21 30 44.48 68 34 Inc. STEPHANUS 1 Olympia Financial Group Common Shares Skauge, Rick 3, 4, 5 2020-01-13 10 49.85 19,047 113 Inc. Oncolytics Biotech Inc. Common Shares Holtham, Angela 4 2020-01-16 57 10,526 Frances Oncolytics Biotech Inc. Common Shares Holtham, Angela 4 2020-01-16 57 66,557 3,968 Frances Oncolytics Biotech Inc. Rights Restricted Holtham, Angela 4 2020-01-16 57 25,898 -10,526 Share Units Frances Oncolytics Biotech Inc. Common Shares Pisano, Wayne 4 2020-01-16 57 116,420 15,789 Oncolytics Biotech Inc. Rights Restricted Pisano, Wayne 4 2020-01-16 57 35,819 -15,789 Share Units Oncolytics Biotech Inc. Common Shares Rice, William Glenn 4 2020-01-16 57 48,780 10,526 Oncolytics Biotech Inc. Rights Restricted Rice, William Glenn 4 2020-01-16 57 12,105 -10,526 Share Units Oncolytics Biotech Inc. Common Shares Seizinger, Bernd Robert 4 2020-01-16 57 192,107 10,526 Oncolytics Biotech Inc. Rights Restricted Seizinger, Bernd Robert 4 2020-01-16 57 43,363 -10,526 Share Units ONEX CORPORATION Rights Deferred Share Copeland, David Wayne 5 2020-01-10 56 86.00 2,690 1,510 Units (cash settled) 4 ONEX CORPORATION Rights Deferred Share Daly, Andrea Elizabeth 5 2020-01-10 56 86.00 15,316 2,114 Units (cash settled) 4 ONEX CORPORATION Rights Deferred Share Govan, Christopher 5 2020-01-10 56 86.00 136,109 19,503 Units (cash settled) Allan 4 ONEX CORPORATION Subordinate Voting Heersink, Ewout R. 4, 5 2020-01-09 47 86.8 45,861 -2,309 Shares ONEX CORPORATION Subordinate Voting Kovensky, Stuart 7 2019-10-01 00 Shares Richard ONEX CORPORATION Subordinate Voting Kovensky, Stuart 7 2020-01-14 10 67.23 2,500 2,500 Shares Richard 8 ONEX CORPORATION Rights Deferred Share Mackay, Derek 5 2019-10-01 00 Units (cash settled) Christopher ONEX CORPORATION Rights Deferred Share Mackay, Derek 5 2020-01-10 56 86.00 349 349 Units (cash settled) Christopher 4
January 23, 2020 (2020), 43 OSCB 976
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings ONEX CORPORATION Forward Purchase Onex Corporation 1 2020-01-10 70 86.00 1,268,380 58,770 (Forward contract 4 entered into for hedging purposes) Open Text Corporation Common Shares McGourlay, Christopher 5 2020-01-10 30 37.40 15,130 231 OTEX Common James 6 Optimum Ventures Ltd. Common Shares Bowering, Andrew 5 2019-12-20 00 2,000,000 William Optimum Ventures Ltd. Common Shares Bowering, Andrew 5 2020-01-02 10 0.15 2,166,000 166,000 William Optimum Ventures Ltd. Options Bowering, Andrew 5 2019-12-20 00 250,000 William Optimum Ventures Ltd. Common Shares Kasum, Randolph 4 2019-12-20 00 Michael Optimum Ventures Ltd. Common Shares Kasum, Randolph 4 2019-12-20 00 Michael Optimum Ventures Ltd. Common Shares Kasum, Randolph 4 2019-12-20 00 Michael Optimum Ventures Ltd. Common Shares Kasum, Randolph 4 2020-01-02 10 0.15 30,000 Michael Optimum Ventures Ltd. Common Shares Kasum, Randolph 4 2020-01-02 10 0.15 30,000 Michael Optimum Ventures Ltd. Common Shares Kasum, Randolph 4 2019-12-20 00 3,000,000 Michael Optimum Ventures Ltd. Common Shares Kasum, Randolph 4 2019-12-20 10 0.15 3,200,000 200,000 Michael Optimum Ventures Ltd. Common Shares Kasum, Randolph 4 2020-01-02 10 0.15 3,230,000 30,000 Michael Optimum Ventures Ltd. Options Kasum, Randolph 4 2019-12-20 00 250,000 Michael Optimum Ventures Ltd. Common Shares Kruchkowski, Edward 5 2019-12-20 00 394,000 Richard Optimum Ventures Ltd. Common Shares Kruchkowski, Edward 5 2020-01-02 10 0.015 404,000 10,000 Richard Optimum Ventures Ltd. Options Kruchkowski, Edward 5 2019-12-20 00 250,000 Richard Organto Foods Inc. Common Shares Langner, Ralf 5 2020-01-15 10 0.06 1,314,000 141,000 Orsu Metals Corporation Common Shares Rhodes, David John 4 2020-01-13 10 0.26 570,500 12,500 Orsu Metals Corporation Common Shares Rhodes, David John 4 2020-01-14 10 0.26 608,000 37,500 Orsu Metals Corporation Common Shares Rhodes, David John 4 2020-01-15 10 0.26 652,000 44,000 OSISKO GOLD Common Shares Singh, Sandeep 5 2020-01-14 10 11.92 80,000 40,000 ROYALTIES LTD OSISKO GOLD Common Shares Singh, Sandeep 5 2020-01-14 97 11.93 114,852 34,852 ROYALTIES LTD OSISKO GOLD Rights Restricted Singh, Sandeep 5 2020-01-14 97 150,000 -75,000 ROYALTIES LTD Share Units/Unités d'actions restreintes Pacific Empire Minerals Common Shares Peters, Bradley 4, 5 2020-01-13 10 0.045 1,169,500 20,000 Corp. Pacific Empire Minerals Common Shares Ritchie, Rory 4, 5 2020-01-09 10 0.045 1,211,500 30,000 Corp. Pacific Empire Minerals Common Shares Ritchie, Rory 4, 5 2020-01-10 10 0.045 1,231,500 20,000 Corp. Pacific Empire Minerals Common Shares Ritchie, Rory 4, 5 2020-01-13 10 0.045 1,261,500 30,000 Corp. Pacific Empire Minerals Common Shares Ritchie, Rory 4, 5 2020-01-13 10 0.045 1,331,500 70,000 Corp. Pacific Empire Minerals Common Shares Ritchie, Rory 4, 5 2020-01-15 10 0.04 1,353,500 22,000 Corp. Pacific Empire Minerals Common Shares Ritchie, Rory 4, 5 2020-01-17 10 0.04 1,383,500 30,000 Corp. Palamina Corp. Common Shares Thomson, Andrew 4 2020-01-13 10 0.24 1,396,402 2,000 Palamina Corp. Common Shares Thomson, Andrew 4 2020-01-15 10 0.23 1,402,402 6,000 Palamina Corp. Common Shares Thomson, Andrew 4 2020-01-15 10 0.22 1,403,402 1,000 Palamina Corp. Common Shares Thomson, Andrew 4 2020-01-15 10 0.24 1,404,402 1,000
January 23, 2020 (2020), 43 OSCB 977
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Palamina Corp. Common Shares Thomson, Andrew 4 2020-01-14 10 0.25 356,016 6,000 Palamina Corp. Common Shares Thomson, Andrew 4 2020-01-14 10 0.24 357,516 1,500 Palamina Corp. Common Shares Thomson, Andrew 4 2020-01-15 10 0.23 649,700 3,000 Pancontinental Common Shares Whalen, Donald 4 2020-01-16 10 0.04 5,618,000 33,000 Resources Corporation Alexander Pancontinental Common Shares Whalen, Donald 4 2020-01-17 10 0.417 5,693,000 75,000 Resources Corporation Alexander Parex Resources Inc. Common Shares Sylvain, Carmen 4 2020-01-16 10 23.64 1,934 250 2 Park Lawn Corporation Restricted Share Units Gilbert, Linda 5 2020-01-10 56 22,550 3,891 Park Lawn Corporation Restricted Share Units Harlow, William Clark 5 2020-01-10 56 9,376 4,852 Park Lawn Corporation Restricted Share Units Johnson, Lorie Jane 5 2020-01-10 56 9,052 4,528 Park Lawn Corporation Restricted Share Units PARKER, JEFFREY 5 2018-06-12 00 SCOTT Park Lawn Corporation Restricted Share Units PARKER, JEFFREY 5 2020-01-10 56 4,528 4,528 SCOTT Pasinex Resources Promissory Notes Seeley, Larry Edward 3, 4 2020-01-16 11 $476,356 $185,000 Limited Pasinex Resources Promissory Notes Seeley, Larry Edward 3, 4 2020-01-15 11 $551,356 $260,000 Limited Patagonia Gold Corp. Common Shares van Tienhoven, 5 2020-01-09 10 0.07 325,778 5,000 Christopher Patagonia Gold Corp. Common Shares van Tienhoven, 5 2020-01-16 10 0.075 330,778 5,000 Christopher Patagonia Gold Corp. Common Shares van Tienhoven, 5 2020-01-17 10 0.07 340,778 10,000 Christopher Patriot One Technologies Common Shares Cronin, Martin 4, 5 2020-01-15 10 1.28 509,650 25,000 Inc. Patriot One Technologies Common Shares Cronin, Martin 4, 5 2020-01-16 10 1.28 534,650 25,000 Inc. PEEKS SOCIAL LTD. Options Amin, Fareed 4 2020-01-13 50 0.05 3,875,000 3,000,000 PEEKS SOCIAL LTD. Common Shares Itwaru, Mark 8, 4, 5 2020-01-13 10 0.1 63,372,377 42,000 PEEKS SOCIAL LTD. Common Shares Itwaru, Mark 8, 4, 5 2020-01-13 10 0.095 63,422,377 50,000 PEEKS SOCIAL LTD. Common Shares Itwaru, Mark 8, 4, 5 2020-01-13 10 0.094 63,427,377 5,000 8 PEEKS SOCIAL LTD. Options Itwaru, Mark 8, 4, 5 2020-01-13 50 0.05 18,492,800 14,492,800 PEEKS SOCIAL LTD. Options Lavin, William Charles 4 2020-01-13 50 0.05 4,025,000 3,000,000 PEEKS SOCIAL LTD. Options McLeod, Vincent Clive 4 2020-01-13 50 0.05 4,025,000 3,000,000 PEEKS SOCIAL LTD. Options Westlake, William James 4 2020-01-13 30 0.05 4,000,000 3,000,000 Peloton Minerals Common Shares ELLWOOD, EDWARD 5 2020-01-13 10 0.09 3,970,796 5,000 Corporation LEITH Pembina Pipeline Rights DSU Ainsworth, Anne-Marie 4 2020-01-14 56 47.52 4,340 Corporation Pembina Pipeline Rights DSU Ainsworth, Anne-Marie 4 2020-01-14 56 47.52 4,340 Corporation Pembina Pipeline Rights DSU Ainsworth, Anne-Marie 4 2020-01-14 56 47.52 17,157 3,206 Corporation Pembina Pipeline Common Shares D'Orazio, Claudia 5 2020-01-09 51 39.53 19,739 14,370 Corporation Pembina Pipeline Common Shares D'Orazio, Claudia 5 2020-01-09 51 46.27 21,140 1,401 Corporation Pembina Pipeline Common Shares D'Orazio, Claudia 5 2020-01-09 51 45.45 22,541 1,401 Corporation Pembina Pipeline Common Shares D'Orazio, Claudia 5 2020-01-09 51 41.25 37,781 15,240 Corporation Pembina Pipeline Common Shares D'Orazio, Claudia 5 2020-01-09 51 33.8 49,911 12,130 Corporation Pembina Pipeline Common Shares D'Orazio, Claudia 5 2020-01-09 51 39.63 55,976 6,065 Corporation Pembina Pipeline Common Shares D'Orazio, Claudia 5 2020-01-09 51 38.76 62,041 6,065 Corporation Pembina Pipeline Common Shares D'Orazio, Claudia 5 2020-01-09 51 42.97 67,072 5,031 Corporation
January 23, 2020 (2020), 43 OSCB 978
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Pembina Pipeline Common Shares D'Orazio, Claudia 5 2020-01-09 51 41.59 69,588 2,516 Corporation Pembina Pipeline Common Shares D'Orazio, Claudia 5 2020-01-09 51 45.66 72,103 2,515 Corporation Pembina Pipeline Common Shares D'Orazio, Claudia 5 2020-01-09 51 41.5 74,904 2,801 Corporation Pembina Pipeline Common Shares D'Orazio, Claudia 5 2020-01-09 10 50 5,369 -69,535 Corporation Pembina Pipeline Options D'Orazio, Claudia 5 2020-01-09 51 39.53 96,180 -14,370 Corporation Pembina Pipeline Options D'Orazio, Claudia 5 2020-01-09 51 46.27 94,779 -1,401 Corporation Pembina Pipeline Options D'Orazio, Claudia 5 2020-01-09 51 45.45 93,378 -1,401 Corporation Pembina Pipeline Options D'Orazio, Claudia 5 2020-01-09 51 41.25 78,138 -15,240 Corporation Pembina Pipeline Options D'Orazio, Claudia 5 2020-01-09 51 33.8 66,008 -12,130 Corporation Pembina Pipeline Options D'Orazio, Claudia 5 2020-01-09 51 39.63 59,943 -6,065 Corporation Pembina Pipeline Options D'Orazio, Claudia 5 2020-01-09 51 38.76 53,878 -6,065 Corporation Pembina Pipeline Options D'Orazio, Claudia 5 2020-01-09 51 42.97 48,847 -5,031 Corporation Pembina Pipeline Options D'Orazio, Claudia 5 2020-01-09 51 41.59 46,331 -2,516 Corporation Pembina Pipeline Options D'Orazio, Claudia 5 2020-01-09 51 45.66 43,816 -2,515 Corporation Pembina Pipeline Options D'Orazio, Claudia 5 2020-01-09 51 41.5 41,015 -2,801 Corporation Pembina Pipeline Common Shares Dilger, Michael H. 5 2020-01-09 51 33.8 55,215 Corporation Pembina Pipeline Common Shares Dilger, Michael H. 5 2020-01-09 51 33.8 55,215 Corporation Pembina Pipeline Common Shares Dilger, Michael H. 5 2020-01-10 10 50.04 55,215 Corporation Pembina Pipeline Common Shares Dilger, Michael H. 5 2020-01-10 10 50.04 55,215 Corporation Pembina Pipeline Common Shares Dilger, Michael H. 5 2020-01-10 51 33.8 55,215 55,215 Corporation Pembina Pipeline Common Shares Dilger, Michael H. 5 2020-01-10 10 50.04 0 -55,215 Corporation Pembina Pipeline Options Dilger, Michael H. 5 2020-01-10 51 33.8 -55,215 Corporation Pembina Pipeline Options Dilger, Michael H. 5 2020-01-10 51 33.8 -55,215 Corporation Pembina Pipeline Options Dilger, Michael H. 5 2020-01-10 51 33.8 1,238,105 -55,215 Corporation Pembina Pipeline Rights DSU Findlay, Randall J. 4 2020-01-14 56 47.52 25,140 4,340 Corporation Pembina Pipeline Rights DSU Howe, Maureen 4 2020-01-14 56 47.52 10,847 2,446 Corporation Pembina Pipeline Rights DSU KERR, GORDON J. 4 2020-01-14 56 47.52 27,899 2,588 Corporation Pembina Pipeline Common Shares Kohlsmith, Brad 5 2017-08-01 00 Corporation Pembina Pipeline Common Shares Kohlsmith, Brad 5 2020-01-09 51 33.8 1,810 1,810 Corporation Pembina Pipeline Common Shares Kohlsmith, Brad 5 2020-01-09 51 45.45 2,652 842 Corporation Pembina Pipeline Common Shares Kohlsmith, Brad 5 2020-01-09 51 39.63 3,557 905 Corporation Pembina Pipeline Common Shares Kohlsmith, Brad 5 2020-01-09 51 38.76 4,462 905 Corporation Pembina Pipeline Common Shares Kohlsmith, Brad 5 2020-01-09 51 42.97 6,535 2,073 Corporation
January 23, 2020 (2020), 43 OSCB 979
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Pembina Pipeline Common Shares Kohlsmith, Brad 5 2020-01-09 51 41.59 8,756 2,221 Corporation Pembina Pipeline Common Shares Kohlsmith, Brad 5 2020-01-09 51 45.66 9,793 1,037 Corporation Pembina Pipeline Common Shares Kohlsmith, Brad 5 2020-01-09 51 41.5 11,477 1,684 Corporation Pembina Pipeline Common Shares Kohlsmith, Brad 5 2020-01-09 51 46.27 12,319 842 Corporation Pembina Pipeline Common Shares Kohlsmith, Brad 5 2020-01-09 10 50.23 0 -12,319 Corporation 2 Pembina Pipeline Options Kohlsmith, Brad 5 2020-01-09 51 33.8 39,203 -1,810 Corporation Pembina Pipeline Options Kohlsmith, Brad 5 2020-01-09 51 45.45 38,361 -842 Corporation Pembina Pipeline Options Kohlsmith, Brad 5 2020-01-09 51 39.63 37,456 -905 Corporation Pembina Pipeline Options Kohlsmith, Brad 5 2020-01-09 51 38.76 36,551 -905 Corporation Pembina Pipeline Options Kohlsmith, Brad 5 2020-01-09 51 42.97 34,478 -2,073 Corporation Pembina Pipeline Options Kohlsmith, Brad 5 2020-01-09 51 41.59 32,257 -2,221 Corporation Pembina Pipeline Options Kohlsmith, Brad 5 2020-01-09 51 45.66 31,220 -1,037 Corporation Pembina Pipeline Options Kohlsmith, Brad 5 2020-01-09 51 41.5 29,536 -1,684 Corporation Pembina Pipeline Options Kohlsmith, Brad 5 2020-01-09 51 46.27 28,694 -842 Corporation Pembina Pipeline Rights DSU LeGresley, David 4 2020-01-14 56 47.52 29,852 3,062 Corporation Malcolm Balfour Pembina Pipeline Common Shares Marine, Darren 5 2020-01-14 51 44.63 1,364 1,364 Corporation Pembina Pipeline Common Shares Marine, Darren 5 2020-01-14 51 46.27 2,808 1,444 Corporation Pembina Pipeline Common Shares Marine, Darren 5 2020-01-14 51 45.45 4,252 1,444 Corporation Pembina Pipeline Common Shares Marine, Darren 5 2020-01-14 10 50.25 0 -4,252 Corporation Pembina Pipeline Options Marine, Darren 5 2020-01-14 51 44.63 36,933 -1,364 Corporation Pembina Pipeline Options Marine, Darren 5 2020-01-14 51 46.27 35,489 -1,444 Corporation Pembina Pipeline Options Marine, Darren 5 2020-01-14 51 45.45 34,045 -1,444 Corporation Pembina Pipeline Rights DSU Michaleski, Robert B. 4 2020-01-14 56 47.52 15,461 2,420 Corporation Pembina Pipeline Common Shares Murphy, Paul John 5 2020-01-14 51 38.76 27,958 15,000 Corporation Pembina Pipeline Common Shares Murphy, Paul John 5 2020-01-14 10 50.15 12,958 -15,000 Corporation 3 Pembina Pipeline Options Murphy, Paul John 5 2020-01-14 51 38.76 206,218 -15,000 Corporation Pembina Pipeline Rights DSU O'Donoghue, Leslie 4 2020-01-14 56 47.52 27,841 4,840 Corporation Pembina Pipeline Rights DSU Rubin, Bruce D. 4 2020-01-14 56 47.52 12,044 3,172 Corporation Pembina Pipeline Rights DSU Smith, Jeffrey T. 4 2020-01-14 56 47.52 25,309 2,473 Corporation Pembina Pipeline Common Shares Sprott, Jaret 5 2020-01-09 51 41.25 12,700 12,700 Corporation Pembina Pipeline Common Shares Sprott, Jaret 5 2020-01-09 51 39.63 19,085 6,385 Corporation Pembina Pipeline Common Shares Sprott, Jaret 5 2020-01-09 10 50.30 0 -19,085 Corporation 8 Pembina Pipeline Options Sprott, Jaret 5 2020-01-09 51 41.25 128,045 -12,700 Corporation
January 23, 2020 (2020), 43 OSCB 980
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Pembina Pipeline Options Sprott, Jaret 5 2020-01-09 51 39.63 121,660 -6,385 Corporation Pembina Pipeline Rights DSU Sykes, Henry William 4 2020-01-14 56 47.52 7,433 2,446 Corporation Pembina Pipeline Common Shares Taylor, Stuart 5 2020-01-10 51 33.8 29,914 13,653 Corporation Pembina Pipeline Common Shares Taylor, Stuart 5 2020-01-10 51 39.63 50,394 20,480 Corporation Pembina Pipeline Common Shares Taylor, Stuart 5 2020-01-10 51 38.76 70,874 20,480 Corporation Pembina Pipeline Common Shares Taylor, Stuart 5 2020-01-10 51 42.97 87,934 17,060 Corporation Pembina Pipeline Common Shares Taylor, Stuart 5 2020-01-10 51 41.59 96,464 8,530 Corporation Pembina Pipeline Common Shares Taylor, Stuart 5 2020-01-10 10 50.02 16,261 -80,203 Corporation 5 Pembina Pipeline Options Taylor, Stuart 5 2020-01-10 51 33.8 -13,653 Corporation Pembina Pipeline Options Taylor, Stuart 5 2020-01-10 51 33.8 -13,653 Corporation Pembina Pipeline Options Taylor, Stuart 5 2020-01-10 51 39.63 -20,480 Corporation Pembina Pipeline Options Taylor, Stuart 5 2020-01-10 51 39.63 -20,480 Corporation Pembina Pipeline Options Taylor, Stuart 5 2020-01-10 51 33.8 225,169 -13,653 Corporation Pembina Pipeline Options Taylor, Stuart 5 2020-01-10 51 39.63 204,689 -20,480 Corporation Pembina Pipeline Options Taylor, Stuart 5 2020-01-10 51 38.76 184,209 -20,480 Corporation Pembina Pipeline Options Taylor, Stuart 5 2020-01-10 51 42.97 167,149 -17,060 Corporation Pembina Pipeline Options Taylor, Stuart 5 2020-01-10 51 41.59 158,619 -8,530 Corporation People Corporation Common Shares Anderson, Scott 4 2020-01-08 51 2.92 1,453,233 50,000 Cameron People Corporation Options Anderson, Scott 4 2020-01-08 51 2.92 35,681 -50,000 Cameron Perpetual Energy Inc. Deferred Shares Maitland, Robert A. 4 2020-01-15 56 0.01 216,204 32,609 Perpetual Energy Inc. Deferred Shares Merritt, Geoffrey Craig 4 2020-01-15 56 0.01 216,204 32,609 Perpetual Energy Inc. Deferred Shares Shay, Ryan 4 2020-01-15 56 0.01 138,239 32,609 Perpetual Energy Inc. Deferred Shares Ward, Howard 4 2020-01-15 56 0.01 216,204 32,609 Peyto Exploration & Common Shares Rossall, John Williamson 4 2020-01-13 10 3.53 60,000 26,000 Development Corp. Pieridae Energy Limited Common Shares Tetreault, Myron Arthur 4, 5 2020-01-14 90 0.78 126,998 56,997 Pieridae Energy Limited Common Shares Tetreault, Myron Arthur 4, 5 2020-01-14 90 0.78 72,842 -56,997 PIMCO Global Income Units Class A Graham, Stuart 7 2020-01-09 10 10.65 0 -700 Opportunities Fund Thomson Pinnacle Renewable Common Shares Prospect Co., Ltd. 3 2020-01-14 10 10.47 3,747,600 110,000 Energy Inc. 5 Pinnacle Renewable Common Shares Prospect Co., Ltd. 3 2020-01-16 10 10.5 3,747,900 300 Energy Inc. Pioneer Media Holdings Common Shares Patterson, David 4, 5 2019-09-03 00 350,000 Inc. Pioneer Media Holdings Common Shares Patterson, David 4, 5 2019-10-03 00 Inc. Pipestone Energy Corp. Common Shares GMT Capital Corp 4 2020-01-10 10 1.32 4,024,898 83,800 (formerly, Blackbird Energy Inc.) Pipestone Energy Corp. Common Shares GMT Capital Corp 4 2020-01-10 10 1.32 4,903,679 131,900 (formerly, Blackbird Energy Inc.) Pipestone Energy Corp. Common Shares GMT Capital Corp 4 2020-01-10 10 1.32 7,452,002 129,700 (formerly, Blackbird Energy Inc.)
January 23, 2020 (2020), 43 OSCB 981
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Pipestone Energy Corp. Common Shares GMT Capital Corp 4 2020-01-10 10 1.32 7,020,800 95,200 (formerly, Blackbird Energy Inc.) Pipestone Energy Corp. Common Shares GMT Capital Corp 4 2020-01-10 10 1.32 737,380 13,400 (formerly, Blackbird Energy Inc.) Plaza Retail REIT Trust Units Brewer, Earl 4, 5 2020-01-09 90 0 -1,702 Plaza Retail REIT Trust Units Brewer, Earl 4, 5 2020-01-09 90 0 -733 Plaza Retail REIT Trust Units Brewer, Earl 4, 5 2014-01-01 00 Plaza Retail REIT Trust Units Brewer, Earl 4, 5 2020-01-09 90 733 733 Plaza Retail REIT Trust Units Brewer, Earl 4, 5 2014-01-01 00 Plaza Retail REIT Trust Units Brewer, Earl 4, 5 2020-01-09 90 1,702 1,702 Plaza Retail REIT RSUs Drake, James (Jim) 5 2020-01-15 30 4.52 4,02019 Plaza Retail REIT RSUs Mackenzie, Peter 5 2020-01-15 30 4.52 5,215 26 Plaza Retail REIT RSUs Penney, Stephen 5 2020-01-15 30 4.52 4,020 19 Plaza Retail REIT RSUs Petrie, James M. 5 2020-01-15 30 4.52 7,440 37 Plaza Retail REIT RSUs Strange, Kimberly A. 5 2020-01-15 30 4.52 1,071 4 POET Technologies Inc. Options Barnes, Kevin 5 2020-01-15 52 1,325,000 -100,000 POET Technologies Inc. Options Barnes, Kevin 5 2020-01-15 52 1,225,000 -100,000 POET Technologies Inc. Options Barnes, Kevin 5 2020-01-15 52 1,175,000 -50,000 POET Technologies Inc. Options Barnes, Kevin 5 2020-01-16 50 1,675,000 500,000 Premier Gold Mines Options Begeman, John A. 4 2020-01-15 52 1,651,000 -50,000 Limited Premier Gold Mines Options Chaboyer-Jean, Kerri 5 2020-01-15 52 336,000 -50,000 Limited Premier Gold Mines Options Downie, Ewan Stewart 4 2020-01-15 52 2,748,000 -225,000 Limited Premier Gold Mines Options Drake, Shaun Anthony 5 2020-01-15 52 137,000 -25,000 Limited Premier Gold Mines Options Filipovic, Steven John 5 2020-01-15 52 1,263,000 -125,000 Limited Premier Gold Mines Options Gollat, Matthew 5 2020-01-15 52 348,000 -50,000 Limited Premier Gold Mines Options Lemasson, Claude 4 2020-01-15 52 348,000 -50,000 Limited Premier Gold Mines Options McGibbon, Stephen 5 2020-01-15 52 1,032,000 -125,000 Limited John Premier Gold Mines Options Seaman, John 4 2020-01-15 52 348,000 -50,000 Limited Premier Gold Mines Options Vitton, Michael Stephen 4 2020-01-15 52 348,000 -50,000 Limited Premier Health Group Inc. Options Beshay, Mena 5 2019-01-25 00 Premier Health Group Inc. Options Beshay, Mena 5 2019-01-25 00 Premier Health Group Inc. Options Beshay, Mena 5 2019-01-25 00 400,000 Premier Health Group Inc. Options Beshay, Mena 5 2020-01-13 50 0.5 200,000 Premier Health Group Inc. Options Beshay, Mena 5 2020-01-13 50 0.5 200,000 Premier Health Group Inc. Options Beshay, Mena 5 2020-01-13 50 0.5 600,000 200,000 Premier Health Group Inc. Common Shares Hamza, Essam 4 2018-08-13 50 0.5 1,000,000 Premier Health Group Inc. Common Shares Hamza, Essam 4 2018-08-13 50 0.5 1,000,000 Premier Health Group Inc. Options Hamza, Essam 4 2018-08-02 00 Premier Health Group Inc. Options Hamza, Essam 4 2018-08-02 00 Premier Health Group Inc. Options Hamza, Essam 4 2018-08-02 00 Premier Health Group Inc. Options Hamza, Essam 4 2018-08-13 50 0.5 1,000,000 1,000,000 Premier Health Group Inc. Options Hamza, Essam 4 2019-09-04 97 0.5 800,000 -200,000 Premier Health Group Inc. Options Hamza, Essam 4 2020-01-13 50 0.5 200,000 Premier Health Group Inc. Options Hamza, Essam 4 2020-01-13 50 0.5 200,000 Premier Health Group Inc. Options Hamza, Essam 4 2020-01-13 50 0.5 1,000,000 200,000 Premier Health Group Inc. Common Shares Mathur, Amit 4 2020-01-10 00 Premier Health Group Inc. Options Mathur, Amit 4 2020-01-10 00 Premier Health Group Inc. Options Mathur, Amit 4 2020-01-13 50 0.5 350,000 350,000 Prodigy Ventures Inc. Options MacLean, Robert 4 2019-12-31 52 0 -65,000
January 23, 2020 (2020), 43 OSCB 982
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Prodigy Ventures Inc. Options Moore, Stephen T. 4 2019-12-31 52 0 -50,000 Puma Exploration Inc. Common Shares Robillard, Marcel 4, 5 2020-01-15 10 0.13 5,784,465 4,000 Pure Nickel Inc. Convertible 2176423 Ontario Ltd. 3 2019-09-05 16 0.05 $3,000,000 Debentures Pure Nickel Inc. Convertible 2176423 Ontario Ltd. 3 2019-09-05 16 0.05 $60,000,000 $60,000,000 Debentures Pure Nickel Inc. Convertible Sprott, Eric S. 3 2019-09-05 16 0.05 $3,000,000 Debentures Pure Nickel Inc. Convertible Sprott, Eric S. 3 2019-09-05 16 0.05 $60,000,000 $60,000,000 Debentures PYROGENESIS Common Shares Radin, Robert Michael 4 2020-01-13 51 0.3 650,000 100,000 CANADA INC. PYROGENESIS Options Radin, Robert Michael 4 2020-01-13 51 0.3 0 -100,000 CANADA INC. Quebecor Inc. Unités d'actions Brosseau, Sylvain 7 2019-12-31 35 2,837 32 différées - dirigeants 2016 Quebecor Inc. Unités d'actions liées à Brosseau, Sylvain 7 2019-12-31 35 3,044 36 la performance - dirigeants 2016 Quebecor Inc. Unités d'actions Lauzière, France 7 2019-12-31 35 13,069 154 différées - dirigeants 2016 Quebecor Inc. Unités d'actions liées à Lauzière, France 7 2019-12-31 35 6,608 78 la performance - dirigeants 2016 Quebecor Inc. Unités d'actions Novak, Jean 7 2019-12-31 35 5,158 60 différées - dirigeants 2016 Quebecor Inc. Unités d'actions liées à Novak, Jean 7 2019-12-31 35 6,306 74 la performance - dirigeants 2016 Quebecor Inc. Unités d'actions Pruneau, Jean-François 7 2019-12-31 35 53,984 397 différées - dirigeants 2016 Quebecor Inc. Unités d'actions liées à Pruneau, Jean-François 7 2019-12-31 35 19,981 242 la performance - dirigeants 2016 Quebecor Inc. Unités d'actions Robitaille, Lyne 7 2019-12-31 35 2,383 27 différées - dirigeants 2016 Quebecor Inc. Unités d'actions liées à Robitaille, Lyne 7 2019-12-31 35 2,914 33 la performance - dirigeants 2016 Quebecor Inc. Unités d'actions Tremblay, Marc 7, 5 2019-12-31 35 38,361 277 différées - dirigeants 2016 Quebecor Inc. Unités d'actions liées à Tremblay, Marc 7, 5 2019-12-31 35 19,010 229 la performance - dirigeants 2016 Quebecor Inc. Unités d'actions Tremblay, Martin 7 2019-12-31 35 4,430 40 différées - dirigeants 2016 Quebecor Inc. Unités d'actions liées à Tremblay, Martin 7 2019-12-31 35 2,855 32 la performance - dirigeants 2016 Quisitive Technology Common Shares Jog, Vijay Mukund 4 2019-12-30 10 0.2 1,251,500 97,000 Solutions, Inc. (formerly Nebo Capital Corp.) Quisitive Technology Common Shares Jog, Vijay Mukund 4 2020-01-17 10 0.3 1,319,500 68,000 Solutions, Inc. (formerly Nebo Capital Corp.) Quisitive Technology Common Shares Jog, Vijay Mukund 4 2020-01-17 10 0.295 1,377,500 58,000 Solutions, Inc. (formerly Nebo Capital Corp.) Quisitive Technology Common Shares Jog, Vijay Mukund 4 2020-01-17 10 0.29 1,380,500 3,000 Solutions, Inc. (formerly Nebo Capital Corp.)
January 23, 2020 (2020), 43 OSCB 983
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Quisitive Technology Common Shares Jog, Vijay Mukund 4 2020-01-17 10 0.28 1,395,500 15,000 Solutions, Inc. (formerly Nebo Capital Corp.) Quisitive Technology Common Shares Jog, Vijay Mukund 4 2020-01-17 10 0.275 1,445,500 50,000 Solutions, Inc. (formerly Nebo Capital Corp.) Quisitive Technology Common Shares Jog, Vijay Mukund 4 2020-01-17 10 0.27 1,476,500 31,000 Solutions, Inc. (formerly Nebo Capital Corp.) Quisitive Technology Common Shares Jog, Vijay Mukund 4 2020-01-17 10 0.295 1,482,500 6,000 Solutions, Inc. (formerly Nebo Capital Corp.) QYOU Media Inc. Common Shares Paterson, G. Scott 4 2020-01-15 10 0.06 12,212,394 500,000 QYOU Media Inc. Warrants Paterson, G. Scott 4 2020-01-15 10 3,570,098 -500,000 Regency Gold Corp. Common Shares Radvak, William Joseph 5 2019-06-28 00 964,771 Regency Gold Corp. Options Radvak, William Joseph 5 2019-06-28 00 Regency Gold Corp. Options Radvak, William Joseph 5 2019-09-30 50 0.12 600,000 600,000 Reko International Group Common Shares Reko International 1 2020-01-17 38 3.49 2,000 2,000 Inc. Group Inc. Reko International Group Common Shares Reko International 1 2020-01-17 38 3.49 0 -2,000 Inc. Group Inc. Relay Medical Corp. Common Shares Invidx Corp 3 2020-01-16 10 16,496,552 -24,000 (formerly, ChroMedX Corp). RESAAS Services Inc. Common Shares Barton, R. Craig 3 2020-01-08 54 0.2 7,560,345 350,000 RESAAS Services Inc. Common Shares Barton, R. Craig 3 2020-01-10 54 0.2 1,000,000 RESAAS Services Inc. Common Shares Barton, R. Craig 3 2020-01-14 54 0.2 1,000,000 RESAAS Services Inc. Warrants Barton, R. Craig 3 2020-01-08 54 0.2 0 -350,000 RESAAS Services Inc. Warrants Barton, R. Craig 3 2020-01-10 54 0.2 -1,000,000 Reservoir Capital Corp. Common Shares Reford, Lewis 4, 5 2020-01-16 10 0.045 1,190,000 100,000 Tewksbury Ridgewood Canadian Units Ridgewood Capital 3 2020-01-13 10 16.7 9,594,425 60 Investment Grade Bond Asset Management Fund Ridgewood Canadian Units Ridgewood Capital 3 2020-01-13 10 16.7 9,594,365 -60 Investment Grade Bond Asset Management Fund Ridgewood Canadian Units Ridgewood Capital 3 2020-01-14 10 16.7 9,594,603 238 Investment Grade Bond Asset Management Fund Ridgewood Canadian Units Ridgewood Capital 3 2020-01-14 10 16.7 9,594,363 -240 Investment Grade Bond Asset Management Fund Ridgewood Canadian Units Ridgewood Capital 3 2020-01-14 10 16.53 9,595,114 751 Investment Grade Bond Asset Management 3 Fund Ridgewood Canadian Units Ridgewood Capital 3 2020-01-14 10 16.6 9,594,863 -251 Investment Grade Bond Asset Management Fund Ridgewood Canadian Units Ridgewood Capital 3 2020-01-15 10 16.68 9,595,168 305 Investment Grade Bond Asset Management Fund Ridgewood Canadian Units Ridgewood Capital 3 2020-01-16 10 16.5 14,326 Investment Grade Bond Asset Management Fund Ridgewood Canadian Units Ridgewood Capital 3 2020-01-16 10 16.5 14,326 Investment Grade Bond Asset Management Fund Ridgewood Canadian Units Ridgewood Capital 3 2020-01-16 10 16.5 -13,526 Investment Grade Bond Asset Management Fund Ridgewood Canadian Units Ridgewood Capital 3 2020-01-16 10 16.5 -13,526 Investment Grade Bond Asset Management Fund Ridgewood Canadian Units Ridgewood Capital 3 2020-01-16 10 16.5 9,609,494 14,326 Investment Grade Bond Asset Management Fund
January 23, 2020 (2020), 43 OSCB 984
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Ridgewood Canadian Units Ridgewood Capital 3 2020-01-16 10 16.5 9,595,968 -13,526 Investment Grade Bond Asset Management Fund RIWI Corp. Common Shares Beaty, Ross J. 6 2020-01-09 10 2.35 2,660,800 -3,600 RIWI Corp. Common Shares Beaty, Ross J. 6 2020-01-10 10 2.35 2,660,300 -500 RIWI Corp. Common Shares BP Capital Ltd. 3 2020-01-09 10 2.35 2,660,800 -3,600 RIWI Corp. Common Shares BP Capital Ltd. 3 2020-01-10 10 2.35 2,660,300 -500 RIWI Corp. Common Shares Pirooz, Robert Pirooz 4 2020-01-09 10 2.35 2,660,800 -3,600 RIWI Corp. Common Shares Pirooz, Robert Pirooz 4 2020-01-10 10 2.35 2,660,300 -500 Rogers Sugar Inc. Common Shares Rogers Sugar Inc 1 2020-01-10 38 4.803 247,315 28,403 2 Rogers Sugar Inc. Common Shares Rogers Sugar Inc 1 2020-01-13 38 4.797 275,718 28,403 Rogers Sugar Inc. Common Shares Rogers Sugar Inc 1 2020-01-14 38 4.818 304,121 28,403 6 Rogers Sugar Inc. Common Shares Rogers Sugar Inc 1 2020-01-15 38 4.907 332,524 28,403 3 Rogers Sugar Inc. Common Shares Rogers Sugar Inc 1 2020-01-16 38 4.931 360,927 28,403 2 Royal Bank of Canada Common Shares Turcke, Maryann 4 2020-01-01 00 1,000 Royal Road Minerals Options Arseneau, Vernon 4 2020-01-13 50 0.3 2,350,000 250,000 Limited RTG Mining Inc. Common Shares Hains, Richard Charles 3 2020-01-10 10 0.900 10,000,000 10,000,000 3 RTG Mining Inc. Common Shares Hains, Richard Charles 3 2018-04-30 11 0.14 42,196,546 RTG Mining Inc. Common Shares Hains, Richard Charles 3 2018-04-30 11 0.14 69,764,179 45,787,546 Rupert Resources Ltd. Common Shares Brimacombe, Alan 3 2020-01-17 10 0.7 19,416,900 -4,000 Douglas Rupert Resources Ltd. Common Shares Brimacombe, Alan 3 2020-01-17 10 0.68 19,396,900 -20,000 Douglas Russel Metals Inc. Common Shares Britton, Marion Eleanor 5 2020-01-16 30 22.53 170,230 3,906 Russel Metals Inc. Common Shares Bryant, Gregg Edward 5 2020-01-16 30 22.39 5,129 780 Russel Metals Inc. Common Shares Coleman, Lesley 5 2020-01-16 30 22.6 52,692 3,013 Margaret Seppings Russel Metals Inc. Common Shares Halcrow, David 5 2020-01-16 30 22.48 27,218 1,295 Russel Metals Inc. Common Shares Kelly, Maureen Ann 5 2020-01-16 30 22.49 62,533 2,295 Russel Metals Inc. Common Shares MacDermid, Ryan 5 2020-01-16 30 22.26 5,513 1,239 Wallace Russel Metals Inc. Common Shares MacLean, John 5 2020-01-16 30 22.31 6,688 1,552 Russel Metals Inc. Common Shares McKelvey, Sherri Lynn 5 2020-01-16 30 22.31 1,939 457 Russel Metals Inc. Common Shares Reid, John Gregory 5 2020-01-16 30 22.19 136,879 4,006 Russel Metals Inc. Common Shares Robb, Lloyd Bruce 5 2020-01-16 30 22.71 15,159 394 Saputo Inc. Participation Units Demone, Henry 4 2020-01-15 56 40.27 48,922 807 UAD non convertibles/Unconvert ible DSU Saputo Inc. Participation Units Demone, Henry 4 2020-01-15 56 40 49,127 205 UAD non convertibles/Unconvert ible DSU Saputo Inc. Participation Units Fata, Anthony M. 4 2020-01-15 56 40.27 92,473 2,110 UAD non convertibles/Unconvert ible DSU Saputo Inc. Participation Units Fata, Anthony M. 4 2020-01-15 56 40 92,857 384 UAD non convertibles/Unconvert ible DSU Saputo Inc. Participation Units King, Anna Lisa 4 2020-01-15 56 40.27 48,711 1,614 UAD non convertibles/Unconvert ible DSU Saputo Inc. Participation Units King, Anna Lisa 4 2020-01-15 56 40 48,911 200 UAD non convertibles/Unconvert ible DSU
January 23, 2020 (2020), 43 OSCB 985
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Saputo Inc. Participation Units Kinsley, Karen 4 2020-01-15 56 40.27 24,272 807 UAD non convertibles/Unconvert ible DSU Saputo Inc. Participation Units Kinsley, Karen 4 2020-01-15 56 40 24,372 100 UAD non convertibles/Unconvert ible DSU Saputo Inc. Participation Units Meti, Antonio 4 2020-01-15 56 40.27 102,629 1,956 UAD non convertibles/Unconvert ible DSU Saputo Inc. Participation Units Meti, Antonio 4 2020-01-15 56 40 103,057 428 UAD non convertibles/Unconvert ible DSU Saputo Inc. Participation Units NYISZTOR, Diane 4 2020-01-15 56 40.27 21,731 1,614 UAD non convertibles/Unconvert ible DSU Saputo Inc. Participation Units NYISZTOR, Diane 4 2020-01-15 56 40 21,816 85 UAD non convertibles/Unconvert ible DSU Saputo Inc. Participation Units Ruf, Franziska 4 2020-01-15 56 40.27 21,731 1,614 UAD non convertibles/Unconvert ible DSU Saputo Inc. Participation Units Ruf, Franziska 4 2020-01-15 56 40 21,816 85 UAD non convertibles/Unconvert ible DSU Saputo Inc. Participation Units Verschuren, Annette 4 2020-01-15 56 40.27 26,293 807 UAD non Marie convertibles/Unconvert ible DSU Saputo Inc. Participation Units Verschuren, Annette 4 2020-01-15 56 40 26,401 108 UAD non Marie convertibles/Unconvert ible DSU Savaria Corporation Common Shares Drutz, Peter Allen 4 2020-01-14 10 13.93 135,125 -5,000 Seabridge Gold Inc. Common Shares Miller, Elizabeth K. 5 2020-01-01 00 Fillatre Seabridge Gold Inc. Common Shares Miller, Elizabeth K. 5 2020-01-01 00 19,115 Fillatre Seabridge Gold Inc. Common Shares Miller, Elizabeth K. 5 2020-01-01 00 2,200 Fillatre Seabridge Gold Inc. Options Miller, Elizabeth K. 5 2020-01-01 00 20,000 Fillatre Seabridge Gold Inc. Rights Restricted Miller, Elizabeth K. 5 2020-01-01 00 3,000 Share Units Fillatre SEMAFO INC. Rights Restricted Arel, Ghislain 7 2020-01-15 59 2.73 95,192 -11,157 Share Unit SEMAFO INC. Rights Restricted Desormeaux, Benoit 4, 5 2020-01-15 59 2.73 544,358 -182,411 Share Unit SEMAFO INC. Rights Restricted Duchesne, Sylvain 5 2020-01-15 59 2.73 125,807 -42,955 Share Unit SEMAFO INC. Rights Restricted Mélanson, Alain 5 2020-01-15 59 2.73 118,548 -40,536 Share Unit SEMAFO INC. Rights Restricted Milette, Martin 5 2020-01-15 59 2.73 221,373 -73,928 Share Unit SEMAFO INC. Rights Restricted Moryoussef, Patrick 5 2020-01-15 59 2.73 243,871 -83,303 Share Unit SEMAFO INC. Rights Restricted Paul-Hus, Éric 5 2020-01-15 59 2.73 114,679 -39,197 Share Unit SEMAFO INC. Rights Restricted Roy, Richard 5 2020-01-15 59 2.73 98,263 -24,165 Share Unit SEMAFO INC. Rights Restricted Thibert, François 5 2020-01-15 59 2.73 59,401 -10,231 Share Unit
January 23, 2020 (2020), 43 OSCB 986
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Sherritt International Deferred Share Units Belanger, Maryse 4 2020-01-15 56 0.2 464,280 112,500 Corporation Sherritt International Deferred Share Units Warwick, John Michael 4 2020-01-15 56 0.2 509,708 112,500 Corporation Shopify Inc. Multiple Voting Shares Finkelstein, Harley 5 2020-01-16 51 6.22 893 893 Class B Multiple Voting Michael Shares Shopify Inc. Multiple Voting Shares Finkelstein, Harley 5 2020-01-16 36 0 -893 Class B Multiple Voting Michael Shares Shopify Inc. Options Finkelstein, Harley 5 2020-01-16 51 6.22 4,467 -893 Michael Shopify Inc. Options Finkelstein, Harley 5 2020-01-13 51 22.44 135,263 -2,000 Michael Shopify Inc. Subordinate Voting Finkelstein, Harley 5 2020-01-13 51 22.44 2,000 2,000 Shares Class A Michael Subordinate Voting Shares Shopify Inc. Subordinate Voting Finkelstein, Harley 5 2020-01-13 30 445 0 -2,000 Shares Class A Michael Subordinate Voting Shares Shopify Inc. Subordinate Voting Finkelstein, Harley 5 2020-01-16 36 893 893 Shares Class A Michael Subordinate Voting Shares Shopify Inc. Subordinate Voting Finkelstein, Harley 5 2020-01-16 30 452.7 0 -893 Shares Class A Michael 4 Subordinate Voting Shares Shopify Inc. Multiple Voting Shares Lemieux, Jean-Michel 5 2020-01-13 51 5.17 1,000 1,000 Class B Multiple Voting Shares Shopify Inc. Multiple Voting Shares Lemieux, Jean-Michel 5 2020-01-13 36 0 -1,000 Class B Multiple Voting Shares Shopify Inc. Options Lemieux, Jean-Michel 5 2020-01-13 51 5.17 42,574 -1,000 Shopify Inc. Subordinate Voting Lemieux, Jean-Michel 5 2020-01-13 36 14,453 1,000 Shares Class A Subordinate Voting Shares Shopify Inc. Subordinate Voting Lemieux, Jean-Michel 5 2020-01-13 30 434.9 13,453 -1,000 Shares Class A 9 Subordinate Voting Shares Shopify Inc. Subordinate Voting Lemieux, Jean-Michel 5 2020-01-13 30 434.1 12,453 -1,000 Shares Class A 7 Subordinate Voting Shares Shopify Inc. Subordinate Voting Lutke, Tobias Albin 4, 5 2020-01-13 30 441.8 202,000 -4,000 Shares Class A 1 Subordinate Voting Shares Shopify Inc. Subordinate Voting Phillips, John 4 2020-01-14 30 437.8 102,000 -6,000 Shares Class A 1 Subordinate Voting Shares Shopify Inc. Subordinate Voting Phillips, John 4 2020-01-14 90 99,000 -3,000 Shares Class A Subordinate Voting Shares Shopify Inc. Subordinate Voting Phillips, John 4 2020-01-15 30 437.8 -6,000 Shares Class A 1 Subordinate Voting Shares Shopify Inc. Subordinate Voting Phillips, John 4 2020-01-15 90 -3,000 Shares Class A Subordinate Voting Shares
January 23, 2020 (2020), 43 OSCB 987
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Shopify Inc. Subordinate Voting Phillips, John 4 2015-05-20 00 Shares Class A Subordinate Voting Shares Shopify Inc. Subordinate Voting Phillips, John 4 2020-01-14 90 3,000 3,000 Shares Class A Subordinate Voting Shares Shopify Inc. Subordinate Voting Phillips, John 4 2020-01-14 30 571.9 0 -3,000 Shares Class A 4 Subordinate Voting Shares Shopify Inc. Subordinate Voting Phillips, John 4 2020-01-15 90 3,000 Shares Class A Subordinate Voting Shares Shopify Inc. Subordinate Voting Phillips, John 4 2020-01-15 30 571.9 -3,000 Shares Class A 4 Subordinate Voting Shares Silver Viper Minerals Common Shares Cope, Gary Gordon 4 2020-01-16 10 0.355 2,628,500 10,000 Corp. Silver Viper Minerals Common Shares Cope, Gary Gordon 4 2020-01-16 10 0.36 2,638,500 10,000 Corp. SILVERCORP METALS Common Shares Simpson, Stephen Paul 4 2020-01-13 51 50000 819,984 50,000 INC. without par value SILVERCORP METALS Common Shares Simpson, Stephen Paul 4 2020-01-15 10 7.32 819,084 -900 INC. without par value SILVERCORP METALS Common Shares Simpson, Stephen Paul 4 2020-01-15 10 7.29 814,084 -5,000 INC. without par value SILVERCORP METALS Common Shares Simpson, Stephen Paul 4 2020-01-15 10 7.27 809,084 -5,000 INC. without par value SILVERCORP METALS Common Shares Simpson, Stephen Paul 4 2020-01-15 10 7.25 804,084 -5,000 INC. without par value SILVERCORP METALS Options Simpson, Stephen Paul 4 2020-01-13 51 3.63 300,000 -50,000 INC. Sintana Energy Inc. Options Manner, Douglas Glenn 4, 5 2019-12-21 52 0.145 1,775,000 -200,000 Sirona Biochem Corp. Common Shares Hopton, Christopher 4 2020-01-14 54 0.16 1,058,525 100,000 Sirona Biochem Corp. Common Shares Hopton, Christopher 4 2020-01-14 10 958,525 -100,000 Sirona Biochem Corp. Warrants Hopton, Christopher 4 2020-01-14 54 0.16 250,000 -100,000 Sky Gold Corp. Common Shares England, Michael Bruno 4 2020-01-15 16 0.05 1,446,650 500,000 John Franz Sky Gold Corp. Common Shares England, Michael Bruno 4 2020-01-15 50 0.08 1,746,650 300,000 John Franz Sky Gold Corp. Options England, Michael Bruno 4 2020-01-18 52 325,000 -525,000 John Franz Sky Gold Corp. Warrants England, Michael Bruno 4 2020-01-15 16 0.1 1,195,000 500,000 John Franz Sky Gold Corp. Options Masters, John Parker 4 2020-01-15 50 0.085 750,000 150,000 Sky Gold Corp. Options Masters, John Parker 4 2020-01-18 51 175,000 -575,000 Skyharbour Resources Common Shares Trimble, Jordan 4 2020-01-16 10 0.16 509,250 10,000 Ltd. Skyharbour Resources Common Shares Trimble, Jordan 4 2020-01-17 10 0.16 519,250 10,000 Ltd. Sleep Country Canada Options DePratto, Craig 5 2019-09-09 00 Holdings Inc. Sleep Country Canada Options DePratto, Craig 5 2019-09-10 50 17,471 17,471 Holdings Inc. Sleep Country Canada Performance Share DePratto, Craig 5 2019-09-09 00 Holdings Inc. Units (PSU) Sleep Country Canada Performance Share DePratto, Craig 5 2019-09-10 56 6,118 6,118 Holdings Inc. Units (PSU) Smartset Services Inc. Common Shares Clifford, John Randolph 3, 4, 5 2020-01-13 11 0.05 1,500,000 500,000 Smartset Services Inc. Options Clifford, John Randolph 3, 4, 5 2018-09-14 00 270,000 Smartset Services Inc. Options Clifford, John Randolph 3, 4, 5 2020-01-13 11 0.1 132,500 Smartset Services Inc. Options Clifford, John Randolph 3, 4, 5 2020-01-13 11 0.1 402,500 132,500
January 23, 2020 (2020), 43 OSCB 988
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Smartset Services Inc. Common Shares King, Tyson 3, 4 2020-01-13 00 1,000,000 Smartset Services Inc. Options King, Tyson 3, 4 2020-01-13 00 132,500 SOL Global Investments Common Shares SOL GLOBAL 1 2020-01-13 38 0.534 50,000 50,000 Corp. (formerly Scythian INVESTMENTS CORP. Biosciences Corp.) SOL Global Investments Common Shares SOL GLOBAL 1 2020-01-13 38 0 -50,000 Corp. (formerly Scythian INVESTMENTS CORP. Biosciences Corp.) Solaris Resources Inc. Common Shares Fierro Rojas, Jorge 5 2018-12-31 00 1,000 Mauricio Solaris Resources Inc. Options Fierro Rojas, Jorge 5 2018-12-31 00 310,201 Mauricio Solaris Resources Inc. Rights Restricted Fierro Rojas, Jorge 5 2018-12-31 00 1,000 Share Units (Time Mauricio Based) Solaris Resources Inc. Common Shares Velásquez, Federico 5 2019-11-17 00 25,208 Guillermo Solaris Resources Inc. Options Velásquez, Federico 5 2019-11-17 00 500,000 Guillermo Solution Financial Inc. Options Gowans, Lindsay John 4 2019-11-06 00 250,000 (formerly, Shelby Ventures Inc.) Sona Nanotech Inc. Common Shares Dawe, Wade K. 3 2020-01-13 36 0.2 2,218,969 854,330 Sona Nanotech Inc. Convertible Notes Dawe, Wade K. 3 2020-01-13 36 $0 -$100,000 Sona Nanotech Inc. Common Shares Mbugua, Zephaniah 4 2020-01-13 36 0.2 581,773 213,582 Sona Nanotech Inc. Convertible Notes Mbugua, Zephaniah 4 2020-01-13 36 $0 -$20,000 Sona Nanotech Inc. Common Shares McKay, Robert Scott 4 2020-01-13 36 0.2 1,100,072 170,865 Sona Nanotech Inc. Convertible Notes McKay, Robert Scott 4 2020-01-13 36 $0 -$20,000 Sona Nanotech Inc. Common Shares Megann, Harold James 4 2020-01-13 36 0.2 3,772,347 427,165 (Jim) Sona Nanotech Inc. Convertible Notes Megann, Harold James 4 2020-01-13 36 $0 -$50,000 (Jim) Sonoro Metals Corp. Options Darch, John Michael 4 2020-01-10 50 0.15 800,000 800,000 Sonoro Metals Corp. Options Herdrick, Melvin Allen 5 2020-01-10 50 400,000 100,000 Sonoro Metals Corp. Options Kenwood, Stephen 4 2020-01-10 50 0.15 250,000 175,000 Sonoro Metals Corp. Options MacLeod, Kenneth 4, 5 2020-01-10 50 800,000 575,000 Sonoro Metals Corp. Options Maedel, Neil Herman 8, 4 2020-01-10 50 0.15 500,000 400,000 Junior Sonoro Metals Corp. Options Regan, Katharine 8 2020-01-10 50 0.15 200,000 200,000 Elizabeth Sonoro Metals Corp. Options Taylor, James Gordon 4 2019-06-27 00 Sonoro Metals Corp. Options Taylor, James Gordon 4 2020-01-10 50 0.15 125,000 125,000 SponsorsOne Inc. Common Shares Bartholomew, Gary 4 2020-01-10 11 0.05 3,611,979 600,000 SponsorsOne Inc. Common Shares Bartholomew, Gary 4 2020-01-13 11 0.05 3,011,979 -600,000 SponsorsOne Inc. Common Shares Kokkinis, Sandy 5 2019-05-10 00 SponsorsOne Inc. Common Shares Kokkinis, Sandy 5 2020-01-10 11 0.05 800,000 800,000 Spot Coffee (Canada) Common Shares AYOUB, ANTON 4, 5 2020-01-10 10 0.075 2,349,958 1,000 Ltd. MICHEL Spot Coffee (Canada) Common Shares AYOUB, ANTON 4, 5 2020-01-13 10 0.08 2,351,458 1,500 Ltd. MICHEL Spot Coffee (Canada) Common Shares AYOUB, ANTON 4, 5 2020-01-16 10 0.08 2,352,958 1,500 Ltd. MICHEL Spot Coffee (Canada) Common Shares Lorenzo, John Michael 4 2020-01-10 10 0.075 10,688,050 31,000 Ltd. Spot Coffee (Canada) Common Shares Lorenzo, John Michael 4 2020-01-13 90 500,000 Ltd. Spot Coffee (Canada) Common Shares Lorenzo, John Michael 4 2020-01-13 90 10,188,050 -500,000 Ltd. Spot Coffee (Canada) Common Shares Lorenzo, John Michael 4 2020-01-15 10 0.08 10,198,050 10,000 Ltd. Sprott Inc. Rights Deferred Share Birch, Graham John 4 2020-01-15 46 78,621 3,621 Units Squire Mining Ltd. Options Darcy, Michael 4 2019-12-09 50 0.11 350,000 Squire Mining Ltd. Options Darcy, Michael 4 2019-12-09 50 0.11 300,000 300,000
January 23, 2020 (2020), 43 OSCB 989
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Stantec Inc. Common Shares Kennedy, Michael 7 2019-12-31 30 23.76 9,891 2,998 Aloysius Starrex International Ltd. Options Burns, Charles 4 2020-01-08 50 0.65 100,000 100,000 Starrex International Ltd. Options Clayton, Philip Garrett 3, 4 2020-01-08 50 0.65 100,000 100,000 Starrex International Ltd. Options Hill, Matthew Duane 4, 5 2020-01-08 50 0.65 200,000 100,000 Starrex International Ltd. Options Last, Garfield James 4 2020-01-08 50 0.65 100,000 100,000 Starrex International Ltd. Options Merritt, Deborah 5 2014-12-18 00 50,000 Steppe Gold Ltd. Common Shares Waraich, Aneel Singh 4, 5 2020-01-07 10 0.89 578,930 1,400 Steppe Gold Ltd. Common Shares Waraich, Aneel Singh 4, 5 2020-01-08 10 0.9 580,305 1,375 Steppe Gold Ltd. Common Shares Waraich, Aneel Singh 4, 5 2020-01-08 10 0.89 2,553,512 1,000 Steppe Gold Ltd. Common Shares Waraich, Aneel Singh 4, 5 2020-01-09 10 0.9 2,554,262 750 Storm Resources Ltd. Common Shares Clark, Stuart George 4 2019-12-31 30 1.82 270,342 21,230 Storm Resources Ltd. Common Shares Conboy, Jamie Peter 5 2019-12-31 30 1.98 598,062 48,014 Storm Resources Ltd. Common Shares Lavergne, Brian 4, 5 2020-01-14 30 1.72 3,175,145 32,684 Storm Resources Ltd. Common Shares Tiberio, Robert S 5 2020-01-17 30 1.72 1,161,723 32,684 Storm Resources Ltd. Common Shares Wignes, Ingrid Emily 5 2019-12-31 30 1.72 59,793 29,706 Stuart Olson Inc. Common Shares Mahajan, Bharat 5 2020-01-09 00 Stuart Olson Inc. Rights Performance Mahajan, Bharat 5 2020-01-09 00 Share Units Stuart Olson Inc. Units Restricted Share Mahajan, Bharat 5 2020-01-09 00 Units Subscribe Technologies Common Shares Dick, Harvey D 4 2020-01-17 16 0.05 2,350,000 540,000 Inc. Suncor Energy Inc. Common Shares Hall Findlay, Martha 5 2020-01-06 00 300 Kathleen Marlow Sundial Growers Inc. restricted share units Harriman, James Brian 5 2019-07-30 00 160 Sundial Growers Inc. Options stock options Lundquist, Brian Dale 5 2019-12-20 00 200,000 Sunwah International Options Fung, Robert Arthur 4 2020-01-10 56 1,572,488 23,214 Limited Taal Distributed Options Matthews, Stefan 4 2019-12-09 50 0.11 400,000 200,000 Information Technologies Inc. Tanzanian Gold Common Shares Harvey, William 4 2020-01-10 10 0.595 162,924 -5,000 Corporation 8 Tartisan Nickel Corp. Common Shares Appleby, D. Mark 4, 5 2020-01-10 10 0.07 8,874,910 3,000 Tartisan Nickel Corp. Common Shares Appleby, D. Mark 4, 5 2020-01-14 10 0.07 8,958,410 83,500 Tartisan Nickel Corp. Common Shares Appleby, D. Mark 4, 5 2020-01-15 90 6,204,500 -2,753,910 Tartisan Nickel Corp. Common Shares Appleby, D. Mark 4, 5 2020-01-15 90 2,753,910 Tartisan Nickel Corp. Common Shares Appleby, D. Mark 4, 5 2020-01-15 90 2,753,910 Tartisan Nickel Corp. Common Shares Appleby, D. Mark 4, 5 2010-12-21 00 2,753,910 Tartisan Nickel Corp. Common Shares Appleby, D. Mark 4, 5 2020-01-15 48 - 4,939,250 2,185,340 Acquisition by inheritance or disposition by bequest TELUS Corporation Common Shares Auchinleck, Richard H. 4 2020-01-15 30 27,493 171 (Dick) TELUS Corporation Common Shares Auchinleck, Richard H. 4 2020-01-15 30 50.47 28,189 696 (Dick) TELUS Corporation Common Shares Day, Stockwell 4 2020-01-15 30 9,002 105 TELUS Corporation Common Shares Day, Stockwell 4 2020-01-15 30 50.47 9,215 213 Tembo Gold Corp. Common Shares Benstead, Simon 3, 4, 5 2020-01-17 10 0.015 21,887,334 200,000 Charles Terrace Global Inc. Common Shares Chou, John 5 2020-01-13 00 20,000 (formerly Apolo II Acquisition Corp.). TerrAscend Corp. Common Shares Ackerman, Jason 4 2019-11-04 00 TerrAscend Corp. Common Shares Ackerman, Jason 4 2020-01-10 11 2.45 530,929 530,929 TerrAscend Corp. Options Ackerman, Jason 4 2020-01-09 50 2.42 3,150,000 3,000,000 TerrAscend Corp. Warrants Ackerman, Jason 4 2019-11-04 00 TerrAscend Corp. Warrants Ackerman, Jason 4 2020-01-10 11 530,929 530,929 TerrAscend Corp. Common Shares Collard, Craig Alexander 4 2018-12-06 00
January 23, 2020 (2020), 43 OSCB 990
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings TerrAscend Corp. Common Shares Collard, Craig Alexander 4 2020-01-10 11 2.45 52,939 52,939 TerrAscend Corp. Warrants Collard, Craig Alexander 4 2018-12-06 00 TerrAscend Corp. Warrants Collard, Craig Alexander 4 2020-01-10 11 52,939 52,939 TerrAscend Corp. Common Shares Mavrinac, Richard P. 4 2020-01-10 11 2.45 18,163 8,163 TerrAscend Corp. Warrants Mavrinac, Richard P. 4 2017-04-11 00 TerrAscend Corp. Warrants Mavrinac, Richard P. 4 2020-01-10 11 8,163 8,163 TerrAscend Corp. Common Shares Nashat, Michael 4, 6, 5 2020-01-10 11 2.45 16,500 10,000 TerrAscend Corp. Warrants Nashat, Michael 4, 6, 5 2017-04-11 00 TerrAscend Corp. Warrants Nashat, Michael 4, 6, 5 2020-01-10 11 10,000 10,000 TerrAscend Corp. Common Shares Swartzman, Lisa 4 2020-01-10 11 2.45 45,815 40,815 TerrAscend Corp. Warrants Swartzman, Lisa 4 2019-04-15 00 TerrAscend Corp. Warrants Swartzman, Lisa 4 2020-01-10 11 40,815 40,815 TerrAscend Corp. Common Shares Wild, Jason 3, 4 2020-01-10 16 2.45 5,043,549 1,159,804 TerrAscend Corp. Warrants Wild, Jason 3, 4 2020-01-10 16 5,043,549 1,159,804 TerraX Minerals Inc. Common Shares Panneton, Gerald 5 2020-01-17 15 0.25 1,448,200 213,200 Tethys Petroleum Limited Common Shares Oliver, Clive 5 2020-01-10 10 0.31 29,000 -126,000 Tethys Petroleum Limited Common Shares Oliver, Clive 5 2020-01-13 10 0.31 0 -29,000 TFI International Inc. Deferred Share Units ABI-KARAM, LESLIE 4 2020-01-15 56 6,306 37 TFI International Inc. Deferred Share Units Bédard, Alain 4, 5 2020-01-15 56 18,259 107 TFI International Inc. Restricted Share Units Bédard, Alain 4, 5 2020-01-15 56 86,308 504 TFI International Inc. Deferred Share Units Bérard, André 4 2020-01-15 56 106,787 622 TFI International Inc. Deferred Share Units Bouchard, Lucien 4 2020-01-15 56 66,889 390 TFI International Inc. Deferred Share Units Giard, Diane 4 2020-01-15 56 4,232 25 TFI International Inc. Deferred Share Units Guay, Richard 4, 5 2020-01-15 56 48,190 281 TFI International Inc. Deferred Share Units KELLY-ENNIS, DEBRA 4 2020-01-15 56 11,357 66 TFI International Inc. Deferred Share Units Manning, Neil Donald 4 2020-01-15 56 29,853 174 TFI International Inc. Deferred Share Units NAYAR, ARUN 4 2020-01-15 56 8,015 47 TFI International Inc. Restricted Share Units Saperstein, David 5 2020-01-15 56 4,263 25 Joseph TFI International Inc. Deferred Share Units Saputo, Joey 4 2020-01-15 56 44.38 19,407 123 TFI International Inc. Deferred Share Units Saputo, Joey 4 2020-01-15 56 44.38 30,775 170 THC BIOMED INTL LTD. Common Shares Miller, John 3, 4 2020-01-13 11 0.15 31,151,404 5,333,333 THC BIOMED INTL LTD. Warrants Miller, John 3, 4 2020-01-13 53 0.15 11,568,277 5,333,333 THE CALDWELL Performance Stock Beck, Carl Christopher 5 2020-01-09 56 667,422 369,844 PARTNERS Units INTERNATIONAL INC. THE CALDWELL Performance Stock Wallace, John Newton 5 2020-01-09 56 1,394,672 719,661 PARTNERS Units INTERNATIONAL INC. The Yield Growth Corp. Options HUANG, YU CAI 4, 5 2020-01-13 50 482,000 400,000 ThreeD Capital Common Shares Factor, Lynn 3 2020-01-10 10 0.019 3,652,000 -3,098,000 Inc.(formerly Brownstone 5 Energy Inc.) ThreeD Capital Common Shares Factor, Lynn 3 2020-01-13 10 0.02 2,596,000 -1,056,000 Inc.(formerly Brownstone Energy Inc.) ThreeD Capital Common Shares Factor, Lynn 3 2020-01-16 10 0.015 0 -2,596,000 Inc.(formerly Brownstone Energy Inc.) ThreeD Capital Common Shares Inwentash, Raquel 3 2020-01-09 10 0.025 5,762,000 -488,000 Inc.(formerly Brownstone Aspen Energy Inc.) ThreeD Capital Common Shares Inwentash, Raquel 3 2020-01-10 10 0.020 5,000,000 -762,000 Inc.(formerly Brownstone Aspen 4 Energy Inc.) Tinka Resources Limited Common Shares Sentient Executive GP 3 2020-01-13 16 0.243 74,036,831 10,288,066 IV, Limited (for the general partner of Sentient Global Resources Fund IV, L.P.) Top Strike Resources Common Shares Top Strike Resources 1 2019-11-13 38 0 -2,803,000 Corp Corp.
January 23, 2020 (2020), 43 OSCB 991
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings TORC Oil & Gas Ltd. Common Shares de Lacy, Catharine 4 2019-12-11 00 TORC Oil & Gas Ltd. Common Shares de Lacy, Catharine 4 2020-01-15 10 3.44 10,040 10,040 Torex Gold Resources Rights Restricted Adams, Andrew Bell 4 2020-01-13 46 30,145 7,342 Inc. Share Units ("RSU's") Torex Gold Resources Rights Performance Batoff, Mary Delores 5 2020-01-13 38 15,543 -1,107 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Performance Batoff, Mary Delores 5 2020-01-13 56 19,931 4,388 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Performance Batoff, Mary Delores 5 2020-01-16 59 18.28 17,931 -2,000 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Restricted Batoff, Mary Delores 5 2020-01-13 56 14,025 2,925 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Restricted Crombie, James A. 4 2020-01-13 56 18,554 7,342 Inc. Share Units ("RSU's") Torex Gold Resources Rights Restricted Davis, Franklin Lorie 4 2020-01-13 56 12,853 7,342 Inc. Share Units ("RSU's") Torex Gold Resources Rights Restricted Fennell, David 4 2020-01-13 56 10,942 7,342 Inc. Share Units ("RSU's") Torex Gold Resources Rights Restricted Fennell, David 4 2020-01-13 59 20.43 3,600 -7,342 Inc. Share Units ("RSU's") Torex Gold Resources Rights Performance Gilligan, Jonathan 5 2020-01-13 56 6,057 6,057 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Performance Gilligan, Jonathan 5 2020-01-13 56 11,273 5,216 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Performance Gilligan, Jonathan 5 2020-01-13 38 11,149 -124 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Performance Gilligan, Jonathan 5 2020-01-16 59 18.28 10,869 -280 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Restricted Gilligan, Jonathan 5 2020-01-13 56 4,018 4,018 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Restricted Gilligan, Jonathan 5 2020-01-13 56 7,495 3,477 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Restricted Gilligan, Jonathan 5 2020-01-16 59 18.28 7,226 -269 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Performance Loyer, Harold Bernard 6 2020-01-13 38 24,123 -1,730 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Performance Loyer, Harold Bernard 6 2020-01-13 56 30,957 6,834 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Restricted Loyer, Harold Bernard 6 2020-01-13 56 21,791 4,556 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Restricted MacGibbon, Terry 4 2020-01-13 56 7,342 7,342 Inc. Share Units ("RSU's")
January 23, 2020 (2020), 43 OSCB 992
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Torex Gold Resources Rights Restricted MacGibbon, Terry 4 2020-01-13 59 20.43 0 -7,342 Inc. Share Units ("RSU's") Torex Gold Resources Rights Performance Murphy, Eric Barry 5 2020-01-13 56 5,825 5,825 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Performance Murphy, Eric Barry 5 2020-01-13 56 11,199 5,374 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Performance Murphy, Eric Barry 5 2020-01-13 38 11,114 -85 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Performance Murphy, Eric Barry 5 2020-01-16 59 18.28 10,922 -192 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Restricted Murphy, Eric Barry 5 2020-01-13 56 3,883 3,883 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Restricted Murphy, Eric Barry 5 2020-01-13 56 7,466 3,583 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Restricted Murphy, Eric Barry 5 2020-01-16 59 18.28 7,281 -185 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Restricted Murphy, Michael Darren 4 2020-01-13 56 26,114 7,342 Inc. Share Units ("RSU's") Torex Gold Resources Rights Restricted Murphy, Michael Darren 4 2020-01-13 59 20.43 18,772 -7,342 Inc. Share Units ("RSU's") Torex Gold Resources Rights Performance Rollins, Daniel James 5 2020-01-13 38 12,666 -736 Inc. Share Units under Thomas Employee Share Unit Plan Torex Gold Resources Rights Performance Rollins, Daniel James 5 2020-01-13 56 17,329 4,663 Inc. Share Units under Thomas Employee Share Unit Plan Torex Gold Resources Rights Performance Rollins, Daniel James 5 2020-01-16 59 18.28 15,665 -1,664 Inc. Share Units under Thomas Employee Share Unit Plan Torex Gold Resources Rights Restricted Rollins, Daniel James 5 2020-01-13 56 12,043 3,109 Inc. Share Units under Thomas Employee Share Unit Plan Torex Gold Resources Rights Restricted Rollins, Daniel James 5 2020-01-16 59 18.28 13,643 1,600 Inc. Share Units under Thomas Employee Share Unit Plan Torex Gold Resources Rights Restricted Shaver, William M 4 2020-01-13 56 26,241 7,342 Inc. Share Units ("RSU's") Torex Gold Resources Rights Performance Stephen, Anne Elizabeth 5 2020-01-13 38 18.28 18,094 -1,184 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Performance Stephen, Anne Elizabeth 5 2020-01-13 56 23,282 5,188 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Performance Stephen, Anne Elizabeth 5 2020-01-16 59 18.28 20,604 -2,678 Inc. Share Units under Employee Share Unit Plan
January 23, 2020 (2020), 43 OSCB 993
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Torex Gold Resources Rights Restricted Stephen, Anne Elizabeth 5 2020-01-13 56 16,310 3,458 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Restricted Stephen, Anne Elizabeth 5 2020-01-16 59 18.28 13,735 -2,575 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Performance Thomas, Steven John 5 2020-01-13 38 99,761 -4,821 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Performance Thomas, Steven John 5 2020-01-13 56 119,108 19,347 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Performance Thomas, Steven John 5 2020-01-16 59 18.28 108,505 -10,603 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Rights Restricted Thomas, Steven John 5 2020-01-13 56 92,259 12,898 Inc. Share Units under Employee Share Unit Plan Torex Gold Resources Common Shares Wademan, Elizabeth 4 2020-01-16 10 17.92 1,500 1,500 Inc. Anne 3 Torex Gold Resources Common Shares Wademan, Elizabeth 4 2020-01-16 10 18.03 2,000 500 Inc. Anne Torex Gold Resources Options Wademan, Elizabeth 4 2020-01-13 50 30,164 3,234 Inc. Anne Torex Gold Resources Rights Restricted Wademan, Elizabeth 4 2020-01-13 56 25,728 6,118 Inc. Share Units ("RSU's") Anne Torq Resources Inc. Common Shares Bebek, Ivan 4 2020-01-13 10 0.49 5,400,000 10,000 Torq Resources Inc. Common Shares Bebek, Ivan 4 2020-01-14 10 0.48 5,403,500 3,500 Total Energy Services Common Shares Chow, George K. 4 2020-01-14 10 6.06 9,310 1,415 Inc. Total Energy Services Common Shares Total Energy Services 1 2020-01-14 11 40,000 -10,000 Inc. Inc Touchstone Exploration Common Shares North Energy ASA 3 2020-01-13 10 0.216 17,397,750 -250,000 Inc. 4 Tourmaline Oil Corp. Options Angevine, Jill Terilee 4 2019-08-31 50 12.6 50,000 10,000 Tourmaline Oil Corp. Options Armstrong, William D. 4 2019-06-04 52 53.8 35,000 -5,000 Tourmaline Oil Corp. Options Armstrong, William D. 4 2019-08-31 50 12.6 10,000 Tourmaline Oil Corp. Options Armstrong, William D. 4 2019-08-31 50 12.6 45,000 10,000 Tourmaline Oil Corp. Common Shares Aspin, Sherra 5 2019-12-31 30 15.87 34,761 2,787 Tourmaline Oil Corp. Options Aspin, Sherra 5 2019-06-04 52 53.8 160,000 -20,000 Tourmaline Oil Corp. Options Aspin, Sherra 5 2019-08-31 50 12.6 200,000 40,000 Tourmaline Oil Corp. Options Baker, Lee Allan 4 2019-06-04 52 53.8 50,000 -5,000 Tourmaline Oil Corp. Options Baker, Lee Allan 4 2019-08-31 50 12.6 10,000 Tourmaline Oil Corp. Options Baker, Lee Allan 4 2019-08-31 50 12.6 60,000 10,000 Tourmaline Oil Corp. Common Shares Bush, Allan Joseph 5 2019-12-31 30 15.87 345,744 3,694 Tourmaline Oil Corp. Options Bush, Allan Joseph 5 2019-06-04 52 53.8 170,000 -50,000 Tourmaline Oil Corp. Options Bush, Allan Joseph 5 2019-08-31 50 12.6 200,000 30,000 Tourmaline Oil Corp. Options Elick, John William 4 2019-06-04 52 53.8 35,000 -5,000 Tourmaline Oil Corp. Options Elick, John William 4 2019-08-31 50 12.6 10,000 Tourmaline Oil Corp. Options Elick, John William 4 2019-08-31 50 12.6 45,000 10,000 Tourmaline Oil Corp. Common Shares Frostad, Colin Joel 5 2019-12-31 30 13.19 16,845 270 Tourmaline Oil Corp. Common Shares Kirker, William Scott 5 2019-12-31 30 15.87 668,276 3,990 Tourmaline Oil Corp. Options Kirker, William Scott 5 2019-06-04 52 53.8 160,000 -30,000 Tourmaline Oil Corp. Options Kirker, William Scott 5 2019-08-31 50 12.6 190,000 30,000 Tourmaline Oil Corp. Options Kirker, William Scott 5 2019-11-15 52 42.78 170,000 -20,000 Tourmaline Oil Corp. Options MacDonald, Andrew B. 4 2019-06-04 52 53.8 35,000 -5,000 Tourmaline Oil Corp. Options MacDonald, Andrew B. 4 2019-08-31 50 12.6 10,000 Tourmaline Oil Corp. Options MacDonald, Andrew B. 4 2019-08-31 50 12.6 45,000 10,000
January 23, 2020 (2020), 43 OSCB 994
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Tourmaline Oil Corp. Common Shares McKinnon, Earl Henry 5 2019-12-31 30 15.87 55,645 3,669 Tourmaline Oil Corp. Options McKinnon, Earl Henry 5 2019-06-04 52 53.8 280,000 -20,000 Tourmaline Oil Corp. Options McKinnon, Earl Henry 5 2019-08-31 50 12.6 320,000 40,000 Tourmaline Oil Corp. Options McKinnon, Earl Henry 5 2019-11-15 52 42.78 290,000 -30,000 Tourmaline Oil Corp. Options Miller, Lucille 4 2019-08-31 50 12.6 30,000 10,000 Tourmaline Oil Corp. Common Shares Robinson, Brian 5 2019-12-31 30 15.87 617,534 4,117 Tourmaline Oil Corp. Options Robinson, Brian 5 2019-06-04 52 53.8 -40,000 Tourmaline Oil Corp. Options Robinson, Brian 5 2019-06-04 52 53.8 180,000 -50,000 Tourmaline Oil Corp. Options Robinson, Brian 5 2019-08-31 50 12.6 220,000 40,000 Tourmaline Oil Corp. Common Shares Rose, Mike 5 2019-12-31 30 15.87 10,600,237 5,907 Tourmaline Oil Corp. Common Shares Rose, Mike 5 2020-01-13 10 15.60 10,607,737 2,500 7 Tourmaline Oil Corp. Common Shares Rose, Mike 5 2020-01-13 10 15.46 10,610,237 2,500 8 Tourmaline Oil Corp. Common Shares Rose, Mike 5 2020-01-14 10 15.25 10,612,737 2,500 Tourmaline Oil Corp. Common Shares Rose, Mike 5 2020-01-15 10 15.12 10,615,237 2,500 8 Tourmaline Oil Corp. Common Shares Rose, Mike 5 2020-01-17 10 14.99 10,617,737 2,500 4 Tourmaline Oil Corp. Common Shares Rose, Mike 5 2020-01-17 10 14.79 10,620,237 2,500 5 Tourmaline Oil Corp. Common Shares Rose, Mike 5 2020-01-17 10 14.61 10,622,737 2,500 Tourmaline Oil Corp. Options Rose, Mike 5 2019-06-04 52 53.8 210,000 -100,000 Tourmaline Oil Corp. Options Rose, Mike 5 2019-08-31 50 12.6 250,000 40,000 Tourmaline Oil Corp. Common Shares Tumbach, Drew E. 5 2019-12-31 30 15.87 779,262 2,891 Tourmaline Oil Corp. Options Tumbach, Drew E. 5 2019-06-04 52 53.8 130,000 -30,000 Tourmaline Oil Corp. Options Tumbach, Drew E. 5 2019-08-31 50 12.6 150,000 20,000 Tourmaline Oil Corp. Options Wigham, Ron 4 2019-08-31 50 12.6 40,000 10,000 Transcanna Holdings Inc. Common Shares Blink, James Robert 7 2019-11-12 00 1,250,552 Transcanna Holdings Inc. Common Shares Blink, James Robert 7 2020-01-06 30 0.8 1,509,290 258,738 Transcontinental Inc. Participation Units Bendavid, Salomon 5 2020-01-09 56 11.85 3,155 d'actions differees liees au rendement (UADLR) (DPSU) Transcontinental Inc. Participation Units Bendavid, Salomon 5 2020-01-09 56 11.85 3,155 d'actions differees liees au rendement (UADLR) (DPSU) Transcontinental Inc. Participation Units Bendavid, Salomon 5 2020-01-09 56 15.85 6,757 3,155 d'actions differees liees au rendement (UADLR) (DPSU) Transcontinental Inc. Participation Units Bendavid, Salomon 5 2020-01-09 56 11.85 3,155 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units Bendavid, Salomon 5 2020-01-09 56 11.85 3,155 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units Bendavid, Salomon 5 2020-01-09 56 15.85 7,943 3,155 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units Depras, Magali 5 2020-01-09 56 11.85 2,655 d'actions differees liees au rendement (UADLR) (DPSU) Transcontinental Inc. Participation Units Depras, Magali 5 2020-01-09 56 11.85 2,655 d'actions differees liees au rendement (UADLR) (DPSU) Transcontinental Inc. Participation Units Depras, Magali 5 2020-01-09 56 15.85 4,860 2,655 d'actions differees liees au rendement (UADLR) (DPSU)
January 23, 2020 (2020), 43 OSCB 995
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Transcontinental Inc. Participation Units Depras, Magali 5 2020-01-09 56 11.85 2,655 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units Depras, Magali 5 2020-01-09 56 11.85 2,655 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units Depras, Magali 5 2020-01-09 56 15.85 4,860 2,655 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units Desaulniers, Christine 7, 5 2020-01-09 56 11.85 15,854 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units Desaulniers, Christine 7, 5 2020-01-09 56 11.85 15,854 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units Desaulniers, Christine 7, 5 2020-01-09 56 15.85 40,964 15,854 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units Guilbault, Benoît 5 2020-01-09 56 11.85 3,663 d'actions differees liees au rendement (UADLR) (DPSU) Transcontinental Inc. Participation Units Guilbault, Benoît 5 2020-01-09 56 11.85 3,663 d'actions differees liees au rendement (UADLR) (DPSU) Transcontinental Inc. Participation Units Guilbault, Benoît 5 2020-01-09 56 15.85 6,705 3,663 d'actions differees liees au rendement (UADLR) (DPSU) Transcontinental Inc. Participation Units Guilbault, Benoît 5 2020-01-09 56 11.85 3,663 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units Guilbault, Benoît 5 2020-01-09 56 11.85 3,663 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units Guilbault, Benoît 5 2020-01-09 56 15.85 11,606 3,663 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units LeCavalier, Donald 5 2020-01-09 56 11.85 7,704 d'actions differees liees au rendement (UADLR) (DPSU) Transcontinental Inc. Participation Units LeCavalier, Donald 5 2020-01-09 56 11.85 7,704 d'actions differees liees au rendement (UADLR) (DPSU) Transcontinental Inc. Participation Units LeCavalier, Donald 5 2020-01-09 56 15.85 17,501 7,704 d'actions differees liees au rendement (UADLR) (DPSU) Transcontinental Inc. Participation Units LeCavalier, Donald 5 2020-01-09 56 11.85 20,688 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units LeCavalier, Donald 5 2020-01-09 56 11.85 20,688 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units LeCavalier, Donald 5 2020-01-09 56 15.85 35,810 20,688 d'actions restreintes (UAR) / Restricted share unit (RSU)
January 23, 2020 (2020), 43 OSCB 996
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Transcontinental Inc. Participation Units Marcoux, Isabelle 4 2020-01-09 56 15.85 24,100 9,464 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units Martel, Lyne 5 2020-01-09 56 15.85 13,876 6,564 d'actions differees liees au rendement (UADLR) (DPSU) Transcontinental Inc. Participation Units Martel, Lyne 5 2020-01-09 56 11.85 6,564 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units Martel, Lyne 5 2020-01-09 56 15.85 13,876 6,564 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units Morin, Thomas Gaston 5 2020-01-09 56 15.85 50,785 24,366 d'actions differees liees Louis au rendement (UADLR) (DPSU) Transcontinental Inc. Participation Units Morin, Thomas Gaston 5 2020-01-09 56 15.85 50,785 24,366 d'actions restreintes Louis (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units Olivier, François 4, 7, 5 2020-01-09 56 15.85 513,108 204,682 d'actions restreintes (UAR) / Restricted share unit (RSU) Transcontinental Inc. Participation Units Reid, Brian 7, 5 2020-01-09 56 15.85 124,889 44,472 d'actions restreintes (UAR) / Restricted share unit (RSU) Tricon Capital Group Inc. Deferred Share Units Baldridge, Kevin 7 2020-01-15 30 10.86 21,500 138 Tricon Capital Group Inc. Deferred Share Units Berman, David 3, 4, 6, 2020-01-15 30 10.86 480,749 3,079 5 Tricon Capital Group Inc. Performance Share Berman, David 3, 4, 6, 2020-01-15 30 10.86 68,809 441 Units 5 Tricon Capital Group Inc. Deferred Share Units Berman, Gary 4, 5 2020-01-15 30 10.86 812,292 5,202 Tricon Capital Group Inc. Performance Share Berman, Gary 4, 5 2020-01-15 30 10.86 261,859 1,677 Units Tricon Capital Group Inc. Deferred Share Units Carmody, Andrew 5 2020-01-15 30 10.86 62,193 398 Tricon Capital Group Inc. Performance Share Carmody, Andrew 5 2020-01-15 30 10.86 54,965 352 Units Tricon Capital Group Inc. Deferred Share Units Douglas, Camille 4 2020-01-10 46 10.67 8,594 1,757 Tricon Capital Group Inc. Deferred Share Units Douglas, Camille 4 2020-01-15 30 10.86 8,638 44 Tricon Capital Group Inc. Deferred Share Units Dube, Evelyne 5 2020-01-15 30 10.86 18,040 116 Tricon Capital Group Inc. Deferred Share Units Ellenzweig, Jonathan 5 2020-01-15 30 10.86 89,638 574 Tricon Capital Group Inc. Performance Share Ellenzweig, Jonathan 5 2020-01-15 30 10.86 81,073 519 Units Tricon Capital Group Inc. Deferred Share Units Francis, Wissam 5 2020-01-15 30 10.86 57,332 367 Tricon Capital Group Inc. Performance Share Francis, Wissam 5 2020-01-15 30 10.86 72,132 462 Units Tricon Capital Group Inc. Deferred Share Units Gluskin, Ira 4 2020-01-10 46 10.67 29,637 1,757 Tricon Capital Group Inc. Deferred Share Units Gluskin, Ira 4 2020-01-15 30 10.86 29,817 180 Tricon Capital Group Inc. Deferred Share Units Joyner, Andrew 5 2020-01-15 30 10.86 54,333 348 Tricon Capital Group Inc. Performance Share Joyner, Andrew 5 2020-01-15 30 10.86 33,186 213 Units Tricon Capital Group Inc. Deferred Share Units KNOWLTON, JOHN 4 2020-01-10 46 10.67 27,232 1,757 MICHAEL ARTHUR Tricon Capital Group Inc. Deferred Share Units KNOWLTON, JOHN 4 2020-01-15 30 10.86 27,396 164 MICHAEL ARTHUR Tricon Capital Group Inc. Deferred Share Units Matthews, Sian Margaret 4 2020-01-10 46 10.67 39,987 1,757 Tricon Capital Group Inc. Deferred Share Units Matthews, Sian Margaret 4 2020-01-15 30 10.86 40,233 246 Tricon Capital Group Inc. Deferred Share Units MATUS, GEOFFREY 3, 4, 6, 2020-01-15 30 10.86 32,196 300 5 Tricon Capital Group Inc. Performance Share MATUS, GEOFFREY 3, 4, 6, 2020-01-15 30 10.86 34,403 220 Units 5
January 23, 2020 (2020), 43 OSCB 997
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Tricon Capital Group Inc. Deferred Share Units Quesnel, Douglas Paul 5 2020-01-15 30 10.86 35,158 225 Tricon Capital Group Inc. Deferred Share Units Sacks, Peter 4 2020-01-10 46 10.67 12,811 1,757 Tricon Capital Group Inc. Deferred Share Units Sacks, Peter 4 2020-01-15 30 10.86 12,882 71 Tricon Capital Group Inc. Deferred Share Units Sherren, Tracy 4 2020-01-10 46 10.67 3,945 1,757 Tricon Capital Group Inc. Deferred Share Units Sherren, Tracy 4 2020-01-15 30 10.86 3,959 14 Tricon Capital Group Inc. Deferred Share Units Veneziano, David 5 2020-01-15 30 10.86 33,986 218 Tricon Capital Group Inc. Performance Share Veneziano, David 5 2020-01-15 30 10.86 37,208 238 Units Trigon Metals Inc. Common Shares 2176423 Ontario Ltd. 3 2020-01-08 00 1,333,333 Trigon Metals Inc. Common Shares 2176423 Ontario Ltd. 3 2020-01-08 16 0.12 17,999,999 16,666,666 Trigon Metals Inc. Warrants 2176423 Ontario Ltd. 3 2020-01-08 00 1,333,333 Trigon Metals Inc. Warrants 2176423 Ontario Ltd. 3 2020-01-08 16 0.2 17,999,999 16,666,666 Trigon Metals Inc. Common Shares Sprott, Eric S. 3 2020-01-08 00 1,333,333 Trigon Metals Inc. Common Shares Sprott, Eric S. 3 2020-01-08 16 0.12 17,999,999 16,666,666 Trigon Metals Inc. Warrants Sprott, Eric S. 3 2020-01-08 00 1,333,333 Trigon Metals Inc. Warrants Sprott, Eric S. 3 2020-01-08 16 0.2 17,999,999 16,666,666 Triumph Gold Corp. Common Shares Strub, Marco 4 2020-01-14 54 0.09 1,356,003 600,000 Triumph Gold Corp. Warrants Warrants Strub, Marco 4 2020-01-14 54 0 -600,000 Troilus Gold Corp. Common Shares Arsenault, Caroline 5 2020-01-15 57 0.65 75,705 38,334 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Rights Restricted Arsenault, Caroline 5 2020-01-15 57 76,666 -38,334 (formerly Pitchblack Share Units Resources Ltd.) Troilus Gold Corp. Common Shares Arsenault, Denis 5 2020-01-15 57 0.65 342,838 100,000 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Rights Restricted Arsenault, Denis 5 2020-01-15 57 200,000 -100,000 (formerly Pitchblack Share Units Resources Ltd.) Troilus Gold Corp. Common Shares Bergeron, Daniel 5 2020-01-15 57 0.65 334,679 100,000 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Rights Restricted Bergeron, Daniel 5 2020-01-15 57 200,000 -100,000 (formerly Pitchblack Share Units Resources Ltd.) Troilus Gold Corp. Common Shares Cheatle, Andrew Mark 4 2019-07-10 00 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Common Shares Cheatle, Andrew Mark 4 2020-01-15 57 0.65 51,667 51,667 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Rights Restricted Cheatle, Andrew Mark 4 2020-01-15 57 103,333 -51,667 (formerly Pitchblack Share Units Resources Ltd.) Troilus Gold Corp. Common Shares Davies, Brianna Kirsten 5 2020-01-15 57 0.65 233,334 83,334 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Rights Restricted Davies, Brianna Kirsten 5 2020-01-15 57 166,666 -83,334 (formerly Pitchblack Share Units Resources Ltd.) Troilus Gold Corp. Common Shares Horvat, Jamie 4 2019-09-20 00 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Common Shares Horvat, Jamie 4 2020-01-15 57 0.65 51,667 51,667 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Common Shares Horvat, Jamie 4 2020-01-15 11 0.65 33,635 -18,032 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Rights Restricted Horvat, Jamie 4 2020-01-15 57 103,333 -51,667 (formerly Pitchblack Share Units Resources Ltd.) Troilus Gold Corp. Common Shares Hylands, Blake 5 2020-01-15 57 0.65 312,966 133,334 (formerly Pitchblack Resources Ltd.)
January 23, 2020 (2020), 43 OSCB 998
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Troilus Gold Corp. Rights Restricted Hylands, Blake 5 2020-01-15 57 266,666 -133,334 (formerly Pitchblack Share Units Resources Ltd.) Troilus Gold Corp. Common Shares Lai, Diane E. 4 2020-01-15 57 0.65 97,083 51,667 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Rights Restricted Lai, Diane E. 4 2020-01-15 57 103,333 -51,667 (formerly Pitchblack Share Units Resources Ltd.) Troilus Gold Corp. Common Shares Olesinski, Thomas 4 2020-01-15 57 0.65 147,083 51,667 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Rights Restricted Olesinski, Thomas 4 2020-01-15 57 103,333 -51,667 (formerly Pitchblack Share Units Resources Ltd.) Troilus Gold Corp. Common Shares Pettigrew, Pierre Stewart 4 2020-01-15 57 0.65 452,083 51,667 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Rights Restricted Pettigrew, Pierre Stewart 4 2020-01-15 57 103,333 -51,667 (formerly Pitchblack Share Units Resources Ltd.) Troilus Gold Corp. Common Shares Pint, Paul 5 2020-01-15 57 0.65 1,007,359 133,334 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Rights Restricted Pint, Paul 5 2020-01-15 57 266,666 -133,334 (formerly Pitchblack Share Units Resources Ltd.) Troilus Gold Corp. Common Shares Pritchard, Ian 5 2020-01-15 57 0.65 269,486 100,000 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Rights Restricted Pritchard, Ian 5 2020-01-15 57 200,000 -100,000 (formerly Pitchblack Share Units Resources Ltd.) Troilus Gold Corp. Common Shares Reid, Christopher Justin 4, 5 2020-01-15 57 0.65 2,885,840 206,667 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Common Shares Reid, Christopher Justin 4, 5 2020-01-15 11 0.65 2,904,945 19,105 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Rights Restricted Reid, Christopher Justin 4, 5 2020-01-15 57 413,333 -206,667 (formerly Pitchblack Share Units Resources Ltd.) Troilus Gold Corp. Common Shares Stretch, Catherine 5 2020-01-08 10 0.62 108,744 10,000 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Common Shares Stretch, Catherine 5 2020-01-13 10 0.62 128,744 20,000 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Common Shares Stretch, Catherine 5 2020-01-15 57 0.65 228,744 100,000 (formerly Pitchblack Resources Ltd.) Troilus Gold Corp. Rights Restricted Stretch, Catherine 5 2020-01-15 57 0.65 200,000 -100,000 (formerly Pitchblack Share Units Resources Ltd.) Trulieve Cannabis Corp. Options Beshears, Thad 3, 4 2018-09-21 00 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Beshears, Thad 3, 4 2020-01-03 50 36,787 36,787 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Coryat, Valda, Vanora 5 2019-12-02 00 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Coryat, Valda, Vanora 5 2020-01-03 50 73,575 73,575 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Ferrell, Steven Ray 5 2018-09-21 00 (formerly Schyan Exploration Inc.)
January 23, 2020 (2020), 43 OSCB 999
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Trulieve Cannabis Corp. Options Ferrell, Steven Ray 5 2020-01-03 50 33,109 33,109 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Hackney, George 3, 4, 6 2018-09-21 00 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Hackney, George 3, 4, 6 2020-01-03 50 36,787 36,787 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Healy, Peter, Thomas 4 2019-08-19 00 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Healy, Peter, Thomas 4 2020-01-03 50 45,984 45,984 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Landrum, Kyle Finn 5 2018-09-21 00 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Landrum, Kyle Finn 5 2020-01-03 50 73,575 73,575 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options May, Richard Suber 4 2018-09-21 00 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options May, Richard Suber 4 2020-01-03 50 36,787 36,787 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Morey, Timothy J. 5 2019-10-11 00 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Morey, Timothy J. 5 2020-01-03 50 73,575 73,575 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options O'Donnell, Michael Jay 4 2018-09-21 00 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options O'Donnell, Michael Jay 4 2020-01-03 50 36,787 36,787 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Pernell, Jason Barry 5 2018-09-21 00 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Pernell, Jason Barry 5 2020-01-03 50 73,575 73,575 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Rivers, Kimberly 3, 4, 5 2018-09-21 00 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Rivers, Kimberly 3, 4, 5 2020-01-03 50 160,944 160,944 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Srinivasan, Mohan 5 2018-09-21 00 (formerly Schyan Exploration Inc.) Trulieve Cannabis Corp. Options Srinivasan, Mohan 5 2020-01-03 50 122,624 122,624 (formerly Schyan Exploration Inc.) Tudor Gold Corp. Options Davis, Scott 5 2019-10-01 00 Tudor Gold Corp. Options Davis, Scott 5 2020-01-10 50 0.66 150,000 150,000 Tudor Gold Corp. Options Storm, Walter 3, 4, 5 2020-01-10 50 0.66 5,000,000 2,000,000 Turmalina Metals Corp. Common Shares Slusarchuk, Bryan 4 2020-01-13 10 0.78 2,116,000 5,000 James Rees Turmalina Metals Corp. Common Shares Slusarchuk, Bryan 4 2020-01-14 10 0.77 2,117,000 1,000 James Rees Turmalina Metals Corp. Common Shares Slusarchuk, Bryan 4 2020-01-14 10 0.78 2,118,000 1,000 James Rees Turmalina Metals Corp. Common Shares Slusarchuk, Bryan 4 2020-01-15 10 0.78 2,120,000 2,000 James Rees
January 23, 2020 (2020), 43 OSCB 1000
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Turmalina Metals Corp. Common Shares Slusarchuk, Bryan 4 2020-01-15 10 0.77 2,121,000 1,000 James Rees Turmalina Metals Corp. Common Shares Slusarchuk, Bryan 4 2020-01-15 10 0.76 2,124,000 3,000 James Rees Turmalina Metals Corp. Common Shares Slusarchuk, Bryan 4 2020-01-16 10 0.75 2,129,000 5,000 James Rees TWC Enterprises Limited Common Shares TWC Enterprises Limited 1 2020-01-10 38 12.97 1,000 1,000 TWC Enterprises Limited Common Shares TWC Enterprises Limited 1 2020-01-10 38 0 -1,000 TWC Enterprises Limited Common Shares TWC Enterprises Limited 1 2020-01-13 38 13 54,128 54,128 TWC Enterprises Limited Common Shares TWC Enterprises Limited 1 2020-01-13 38 0 -54,128 Ubique Minerals Limited Common Shares Harper, Gerald 4, 5 2020-01-13 10 0.035 3,117,379 1,000 Uni-Select Inc. Convertible Birch Hill Equity Partners 3 2019-12-31 90 -$5,966,426 Debentures 6% Management Inc. Convertible Debentures Uni-Select Inc. Convertible Birch Hill Equity Partners 3 2019-12-31 90 -$5,800,643 Debentures 6% Management Inc. Convertible Debentures Uni-Select Inc. Convertible Birch Hill Equity Partners 3 2019-12-31 90 $24,150,979 -$5,800,644 Debentures 6% Management Inc. Convertible Debentures Urbana Corporation Common Shares Pennock, Charles 4 2015-05-27 00 Urbana Corporation Common Shares Pennock, Charles 4 2020-01-09 10 2.899 1,000 1,000 Urbana Corporation Common Shares Pennock, Charles 4 2020-01-14 10 2.83 6,000 5,000 Urbana Corporation Non-Voting Shares Pennock, Charles 4 2015-05-27 00 Class A Urbana Corporation Non-Voting Shares Pennock, Charles 4 2020-01-09 10 2.75 20,000 20,000 Class A Urbanimmersive Inc. Options Bedard, Simon 4 2020-01-14 50 0.06 400,000 150,000 Urbanimmersive Inc. Options Brosseau, Judith 4 2020-01-13 50 0.06 475,000 100,000 Urbanimmersive Inc. Common Shares Felsenthal, Scott 4 2020-01-15 10 0.065 1,565,000 40,000 Urbanimmersive Inc. Common Shares Felsenthal, Scott 4 2020-01-16 10 0.065 1,600,000 35,000 Urbanimmersive Inc. Options Felsenthal, Scott 4 2020-01-14 50 0.06 300,000 100,000 Urbanimmersive Inc. Options Grou, Jean-François 4 2020-01-14 50 0.06 500,000 100,000 Urbanimmersive Inc. Options Lemire, Ghislain 4, 5 2020-01-14 50 0.06 1,030,000 150,000 Urbanimmersive Inc. Options McDonald, James 4 2020-01-14 50 0.06 100,000 Urbanimmersive Inc. Options McDonald, James 4 2020-01-14 50 0.06 880,000 150,000 Valeura Energy Inc. Options Chapman, Timothy 4 2020-01-07 00 Nicholas Valeura Energy Inc. Options Chapman, Timothy 4 2020-01-07 50 100,000 100,000 Nicholas VersaBank Common Shares Kristo, Nikola 5 2013-08-20 00 VersaBank Common Shares Kristo, Nikola 5 2020-01-13 10 7.5 100 100 VersaBank Common Shares Kristo, Nikola 5 2020-01-13 10 7.545 200 100 VersaBank Common Shares Kristo, Nikola 5 2020-01-13 10 7.55 2,000 1,800 VersaBank Common Shares Taylor, Jonathan Francis 5 2020-01-16 10 7.52 13,229 100 Patrick VersaBank Common Shares Taylor, Jonathan Francis 5 2020-01-16 10 7.53 13,429 200 Patrick VersaBank Common Shares Taylor, Jonathan Francis 5 2020-01-16 10 7.54 15,129 1,700 Patrick Vibe Bioscience Ltd. Common Shares Starr, Joseph 3, 5 2020-01-16 10 0.08 19,535,451 10,000 (formerly Altitude Resources Inc.) Victoria Gold Corp. Common Shares Gray, Paul Dunstan 5 2020-01-10 51 8.25 34,753 9,333 Victoria Gold Corp. Common Shares Gray, Paul Dunstan 5 2020-01-10 10 8.596 25,420 -9,333 Victoria Gold Corp. Options Gray, Paul Dunstan 5 2020-01-10 51 8.25 113,000 -9,333 Victoria Gold Corp. Common Shares Harvey, T. Sean 4 2020-01-08 51 8.25 331,333 31,333 Victoria Gold Corp. Options Harvey, T. Sean 4 2020-01-08 51 8.25 163,667 -31,333 VIQ Solutions Inc. Common Shares Taylor, Larry Douglas 4 2020-01-13 10 2 355,059 300 VIQ Solutions Inc. Common Shares Taylor, Larry Douglas 4 2020-01-10 10 1.9 184,244 1,800
January 23, 2020 (2020), 43 OSCB 1001
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings VIVO Cannabis Inc. Common Shares Laflamme, Daniel 3, 4, 5 2020-01-13 10 0.21 35,918,539 -20,000 VIVO Cannabis Inc. Common Shares Laflamme, Daniel 3, 4, 5 2020-01-14 10 0.213 35,898,539 -20,000 7 VIVO Cannabis Inc. Common Shares Laflamme, Daniel 3, 4, 5 2020-01-15 10 0.215 35,878,539 -20,000 1 VIVO Cannabis Inc. Common Shares Laflamme, Daniel 3, 4, 5 2020-01-16 10 0.235 35,858,539 -20,000 VIVO Cannabis Inc. Common Shares Laflamme, Daniel 3, 4, 5 2020-01-17 10 0.245 35,838,539 -20,000 Water Ways Common Shares Haber, Ohad 3, 4, 5 2019-12-27 10 0.075 57,160,000 10,000 Technologies Inc. Waterloo Brewing Ltd. Common Shares Birch, David John 5 2020-01-14 51 3.67 4,914 4,914 (formerly Brick Brewing Co. Limited) Waterloo Brewing Ltd. Options Birch, David John 5 2020-01-14 51 2.52 336,667 -10,000 (formerly Brick Brewing Co. Limited) Waterloo Brewing Ltd. Options Birch, David John 5 2020-01-14 51 3.18 323,334 -13,333 (formerly Brick Brewing Co. Limited) Waterloo Brewing Ltd. Common Shares Bowey, John Harry 4 2010-09-08 00 (formerly Brick Brewing Co. Limited) Waterloo Brewing Ltd. Common Shares Bowey, John Harry 4 2020-01-10 10 3.65 20,500 20,500 (formerly Brick Brewing Co. Limited) West Fraser Timber Co. Deferred Share Unit Carter, Reid Ewart 4 2020-01-10 56 6,675 24 Ltd. West Fraser Timber Co. Deferred Share Unit Floren, John 4 2020-01-10 56 5,039 18 Ltd. West Fraser Timber Co. Deferred Share Unit Kenning, Brian Graham 4 2020-01-10 56 3,268 11 Ltd. West Fraser Timber Co. Deferred Share Unit Ketcham, John Kendall 4 2020-01-10 56 6,527 23 Ltd. West Fraser Timber Co. Deferred Share Unit Miller, Gerald 4 2020-01-10 56 11,879 42 Ltd. West Fraser Timber Co. Deferred Share Unit Phillips, Robert L. 4 2020-01-10 56 13,975 49 Ltd. West Fraser Timber Co. Deferred Share Unit Rennie, Janice Gaye 4 2020-01-10 56 20,184 71 Ltd. West Fraser Timber Co. Deferred Share Unit Winckler, Gillian 4 2020-01-10 56 3,527 13 Ltd. West Kirkland Mining Inc. Common Shares McVey, Sandy 5 2020-01-13 10 0.055 3,287,667 40,000 Whitecap Resources Inc. Common Shares Armstrong, Joel Maxwell 5 2019-12-31 30 4.35 245,181 4,569 Whitecap Resources Inc. Common Shares Dunlop, Darin Roy 5 2019-12-31 30 4.36 234,432 4,544 Whitecap Resources Inc. Common Shares Fagerheim, Grant 4, 5 2019-12-31 30 4.51 2,172,342 4,818 Bradley Whitecap Resources Inc. Common Shares Kang, Thanh Chan 5 2019-12-31 30 4.35 597,011 5,483 Whitecap Resources Inc. Common Shares Lebsack, Peter Gary 5 2019-12-31 30 4.36 309,062 3,905 Whitecap Resources Inc. Common Shares Mombourquette, David 5 2019-12-31 30 4.35 828,392 4,569 Michael Whitecap Resources Inc. Common Shares Zdunich, Jeffery Byron 5 2019-12-31 30 4.35 170,120 4,154 Windfall Geotek Inc. Common Shares Fontaine, Michel 4, 5 2020-01-10 90 0.07 1,846,643 -13,000 Windfall Geotek Inc. Common Shares Fontaine, Michel 4, 5 2020-01-10 90 0.07 73,000 13,000 Wolfden Resources Warrants Downie, Ewan Stewart 4 2018-12-29 55 55,000 -50,000 Corporation Wolfden Resources Warrants Dyll, Nathan Lance 5 2014-10-18 55 7,500 -5,000 Corporation Wolfden Resources Warrants Hoy, Donald 5 2018-12-29 55 0 -5,575 Corporation Wolfden Resources Warrants Little, Ron 4, 5 2018-12-29 55 375,000 -55,000 Corporation WPD Pharmaceuticals Common Shares Cherry, Christopher 5 2019-12-27 00 23,705 Inc. WPD Pharmaceuticals Common Shares Cherry, Christopher 5 2019-12-27 00 Inc.
January 23, 2020 (2020), 43 OSCB 1002
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings WPD Pharmaceuticals Options Cherry, Christopher 5 2019-12-27 00 Inc. WPD Pharmaceuticals Options Cherry, Christopher 5 2020-01-14 50 0.86 500,000 500,000 Inc. WPD Pharmaceuticals Options Cherry, Christopher 5 2019-12-27 00 Inc. WPD Pharmaceuticals Options Corcoran, Liam Lake 5 2017-07-01 00 Inc. WPD Pharmaceuticals Options Corcoran, Liam Lake 5 2020-01-13 50 700,000 700,000 Inc. WPD Pharmaceuticals Options Klemp, Walter 4 2019-12-20 00 Inc. WPD Pharmaceuticals Options Klemp, Walter 4 2020-01-13 50 750,000 750,000 Inc. WPD Pharmaceuticals Options Novak, Peter 4 2019-12-20 00 Inc. WPD Pharmaceuticals Options Novak, Peter 4 2020-01-13 50 500,000 500,000 Inc. WPD Pharmaceuticals Options Olejniczak, Mariusz 5 2019-12-20 00 Inc. WPD Pharmaceuticals Options Olejniczak, Mariusz 5 2020-01-13 50 1,000,000 1,000,000 Inc. WPD Pharmaceuticals Options Rzepczyk, Teresa 4 2019-04-23 00 Inc. WPD Pharmaceuticals Options Rzepczyk, Teresa 4 2020-01-13 50 0.86 200,000 200,000 Inc. Xenon Pharmaceuticals Options Desjardins, Clarissa 4 2020-01-13 00 Inc. Xenon Pharmaceuticals Options Desjardins, Clarissa 4 2020-01-13 50 25,000 25,000 Inc. Yamana Gold Inc. PSU Bouchard, Yohann 5 2019-04-12 30 229,579 447 Yamana Gold Inc. PSU Bouchard, Yohann 5 2019-07-12 30 230,015 436 Yamana Gold Inc. PSU Bouchard, Yohann 5 2019-10-15 30 230,733 718 Yamana Gold Inc. PSU Bouchard, Yohann 5 2019-12-19 57 163,510 -67,223 Yamana Gold Inc. PSU Bouchard, Yohann 5 2020-01-14 30 163,953 443 Yamana Gold Inc. PSU Bouchard, Yohann 5 2020-01-14 56 203,097 39,144 Yamana Gold Inc. Restricted Shares Bouchard, Yohann 5 2019-04-12 30 188,664 368 Yamana Gold Inc. Restricted Shares Bouchard, Yohann 5 2019-07-12 30 189,023 359 Yamana Gold Inc. Restricted Shares Bouchard, Yohann 5 2019-10-15 30 189,614 591 Yamana Gold Inc. Restricted Shares Bouchard, Yohann 5 2020-01-14 30 190,127 513 Yamana Gold Inc. Restricted Shares Bouchard, Yohann 5 2020-01-14 56 229,271 39,144 Yamana Gold Inc. Common Shares CAMPBELL, RICHARD 5 2020-01-13 57 65,820 3,691 Yamana Gold Inc. Common Shares CAMPBELL, RICHARD 5 2020-01-13 10 4.71 63,651 -2,169 Yamana Gold Inc. PSU CAMPBELL, RICHARD 5 2019-04-12 30 228,507 400 Yamana Gold Inc. PSU CAMPBELL, RICHARD 5 2019-07-12 30 228,898 391 Yamana Gold Inc. PSU CAMPBELL, RICHARD 5 2019-10-15 30 229,540 642 Yamana Gold Inc. PSU CAMPBELL, RICHARD 5 2019-12-19 57 162,317 -67,223 Yamana Gold Inc. PSU CAMPBELL, RICHARD 5 2020-01-14 30 162,693 376 Yamana Gold Inc. PSU CAMPBELL, RICHARD 5 2020-01-14 56 195,313 32,620 Yamana Gold Inc. Restricted Shares CAMPBELL, RICHARD 5 2019-04-12 30 168,760 321 Yamana Gold Inc. Restricted Shares CAMPBELL, RICHARD 5 2019-07-12 30 169,074 314 Yamana Gold Inc. Restricted Shares CAMPBELL, RICHARD 5 2019-10-15 30 169,591 517 Yamana Gold Inc. Restricted Shares CAMPBELL, RICHARD 5 2020-01-13 57 165,900 -3,691 Yamana Gold Inc. Restricted Shares CAMPBELL, RICHARD 5 2020-01-14 30 166,349 449 Yamana Gold Inc. Restricted Shares CAMPBELL, RICHARD 5 2020-01-14 56 198,969 32,620 Yamana Gold Inc. Common Shares Fernandez-Tobar, 5 2020-01-13 57 134,549 5,061 Gerardo Yamana Gold Inc. Common Shares Fernandez-Tobar, 5 2020-01-13 10 4.71 131,575 -2,974 Gerardo Yamana Gold Inc. PSU Fernandez-Tobar, 5 2019-04-12 30 253,796 433 Gerardo Yamana Gold Inc. PSU Fernandez-Tobar, 5 2019-07-12 30 254,218 422 Gerardo
January 23, 2020 (2020), 43 OSCB 1003
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Yamana Gold Inc. PSU Fernandez-Tobar, 5 2019-10-15 30 254,913 695 Gerardo Yamana Gold Inc. PSU Fernandez-Tobar, 5 2019-12-19 57 195,157 -59,756 Gerardo Yamana Gold Inc. PSU Fernandez-Tobar, 5 2020-01-14 30 195,600 443 Gerardo Yamana Gold Inc. PSU Fernandez-Tobar, 5 2020-01-14 56 234,744 39,144 Gerardo Yamana Gold Inc. Restricted Shares Fernandez-Tobar, 5 2019-04-12 30 189,606 360 Gerardo Yamana Gold Inc. Restricted Shares Fernandez-Tobar, 5 2019-07-12 30 189,957 351 Gerardo Yamana Gold Inc. Restricted Shares Fernandez-Tobar, 5 2019-10-15 30 190,534 577 Gerardo Yamana Gold Inc. Restricted Shares Fernandez-Tobar, 5 2020-01-13 57 185,473 -5,061 Gerardo Yamana Gold Inc. Restricted Shares Fernandez-Tobar, 5 2020-01-14 30 185,976 503 Gerardo Yamana Gold Inc. Restricted Shares Fernandez-Tobar, 5 2020-01-14 56 225,120 39,144 Gerardo Yamana Gold Inc. PSU Gallinger, Ross Douglas 5 2019-04-12 30 167,050 325 Yamana Gold Inc. PSU Gallinger, Ross Douglas 5 2019-07-12 30 167,368 318 Yamana Gold Inc. PSU Gallinger, Ross Douglas 5 2019-10-15 30 167,891 523 Yamana Gold Inc. PSU Gallinger, Ross Douglas 5 2019-12-19 57 123,074 -44,817 Yamana Gold Inc. PSU Gallinger, Ross Douglas 5 2020-01-14 30 123,407 333 Yamana Gold Inc. PSU Gallinger, Ross Douglas 5 2020-01-14 56 154,522 31,115 Yamana Gold Inc. Restricted Shares Gallinger, Ross Douglas 5 2019-04-12 30 141,803 275 Yamana Gold Inc. Restricted Shares Gallinger, Ross Douglas 5 2019-07-12 30 142,071 268 Yamana Gold Inc. Restricted Shares Gallinger, Ross Douglas 5 2019-10-15 30 142,515 444 Yamana Gold Inc. Restricted Shares Gallinger, Ross Douglas 5 2020-01-14 30 142,901 386 Yamana Gold Inc. Restricted Shares Gallinger, Ross Douglas 5 2020-01-14 56 174,016 31,115 Yamana Gold Inc. PSU LeBlanc, Jason 5 2019-04-12 30 234,089 423 Yamana Gold Inc. PSU LeBlanc, Jason 5 2019-07-12 30 234,502 413 Yamana Gold Inc. PSU LeBlanc, Jason 5 2019-10-15 30 235,180 678 Yamana Gold Inc. PSU LeBlanc, Jason 5 2019-12-19 57 167,957 -67,223 Yamana Gold Inc. PSU LeBlanc, Jason 5 2020-01-14 30 168,365 408 Yamana Gold Inc. PSU LeBlanc, Jason 5 2020-01-14 56 207,509 39,144 Yamana Gold Inc. Restricted Shares LeBlanc, Jason 5 2019-04-12 30 173,316 338 Yamana Gold Inc. Restricted Shares LeBlanc, Jason 5 2019-07-12 30 173,647 331 Yamana Gold Inc. Restricted Shares LeBlanc, Jason 5 2019-10-15 30 174,190 543 Yamana Gold Inc. Restricted Shares LeBlanc, Jason 5 2020-01-14 30 174,661 471 Yamana Gold Inc. Restricted Shares LeBlanc, Jason 5 2020-01-14 56 213,805 39,144 Yamana Gold Inc. Common Shares Marrone, Peter 4, 5 2020-01-13 57 1,953,944 37,163 Yamana Gold Inc. PSU Marrone, Peter 4, 5 2019-04-12 30 338 Yamana Gold Inc. PSU Marrone, Peter 4, 5 2019-04-12 30 173,394 338 Yamana Gold Inc. PSU Marrone, Peter 4, 5 2019-07-12 30 173,724 330 Yamana Gold Inc. PSU Marrone, Peter 4, 5 2019-10-15 30 174,266 542 Yamana Gold Inc. PSU Marrone, Peter 4, 5 2019-12-19 57 116,005 -58,261 Yamana Gold Inc. PSU Marrone, Peter 4, 5 2020-01-14 30 116,319 314 Yamana Gold Inc. PSU Marrone, Peter 4, 5 2020-01-14 56 354,547 238,228 Yamana Gold Inc. Restricted Shares Marrone, Peter 4, 5 2019-04-12 30 324,715 561 Yamana Gold Inc. Restricted Shares Marrone, Peter 4, 5 2019-07-12 30 325,261 546 Yamana Gold Inc. Restricted Shares Marrone, Peter 4, 5 2019-10-15 30 326,161 900 Yamana Gold Inc. Restricted Shares Marrone, Peter 4, 5 2020-01-13 57 288,998 -37,163 Yamana Gold Inc. Restricted Shares Marrone, Peter 4, 5 2020-01-14 30 289,780 782 Yamana Gold Inc. Restricted Shares Marrone, Peter 4, 5 2020-01-14 56 528,008 238,228 Yamana Gold Inc. PSU Marsden, Henry 5 2020-01-14 56 129,779 28,103 Yamana Gold Inc. Restricted Shares Marsden, Henry 5 2020-01-14 56 113,472 28,103 Yamana Gold Inc. Common Shares Racine, Daniel 5 2020-01-13 57 373,698 4,245 Yamana Gold Inc. Common Shares Racine, Daniel 5 2020-01-13 10 4.71 371,203 -2,495
January 23, 2020 (2020), 43 OSCB 1004
Insider Reporting
Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month Acquired/ Date Price End Disposed Holdings Yamana Gold Inc. PSU Racine, Daniel 5 2019-04-12 30 457,976 841 Yamana Gold Inc. PSU Racine, Daniel 5 2019-07-12 30 458,797 821 Yamana Gold Inc. PSU Racine, Daniel 5 2019-10-15 30 460,147 1,350 Yamana Gold Inc. PSU Racine, Daniel 5 2019-12-19 57 346,610 -113,537 Yamana Gold Inc. PSU Racine, Daniel 5 2020-01-14 30 347,476 866 Yamana Gold Inc. PSU Racine, Daniel 5 2020-01-14 56 498,030 150,554 Yamana Gold Inc. Restricted Shares Racine, Daniel 5 2019-04-12 30 362,370 698 Yamana Gold Inc. Restricted Shares Racine, Daniel 5 2019-07-12 30 363,051 681 Yamana Gold Inc. Restricted Shares Racine, Daniel 5 2019-10-15 30 364,172 1,121 Yamana Gold Inc. Restricted Shares Racine, Daniel 5 2020-01-13 57 359,927 -4,245 Yamana Gold Inc. Restricted Shares Racine, Daniel 5 2020-01-14 30 360,901 974 Yamana Gold Inc. Restricted Shares Racine, Daniel 5 2020-01-14 56 511,455 150,554 Yamana Gold Inc. Common Shares Tsakos, Sofia 5 2020-01-13 57 265,068 5,588 Yamana Gold Inc. Common Shares Tsakos, Sofia 5 2020-01-13 10 4.71 261,784 -3,284 Yamana Gold Inc. PSU Tsakos, Sofia 5 2019-04-12 30 257,487 434 Yamana Gold Inc. PSU Tsakos, Sofia 5 2019-07-12 30 257,911 424 Yamana Gold Inc. PSU Tsakos, Sofia 5 2019-10-15 30 258,607 696 Yamana Gold Inc. PSU Tsakos, Sofia 5 2019-12-19 57 185,780 -72,827 Yamana Gold Inc. PSU Tsakos, Sofia 5 2020-01-14 30 186,188 408 Yamana Gold Inc. PSU Tsakos, Sofia 5 2020-01-14 56 222,823 36,635 Yamana Gold Inc. Restricted Shares Tsakos, Sofia 5 2019-04-12 30 354 Yamana Gold Inc. Restricted Shares Tsakos, Sofia 5 2019-04-12 30 186,655 354 Yamana Gold Inc. Restricted Shares Tsakos, Sofia 5 2019-07-12 30 345 Yamana Gold Inc. Restricted Shares Tsakos, Sofia 5 2019-07-12 30 187,000 345 Yamana Gold Inc. Restricted Shares Tsakos, Sofia 5 2019-10-15 30 566 Yamana Gold Inc. Restricted Shares Tsakos, Sofia 5 2019-10-15 30 187,566 566 Yamana Gold Inc. Restricted Shares Tsakos, Sofia 5 2020-01-13 57 181,978 -5,588 Yamana Gold Inc. Restricted Shares Tsakos, Sofia 5 2020-01-14 30 493 Yamana Gold Inc. Restricted Shares Tsakos, Sofia 5 2020-01-14 30 182,471 493 Yamana Gold Inc. Restricted Shares Tsakos, Sofia 5 2020-01-14 56 219,106 36,635 ZEN Graphene Solutions Common Shares Dubé, Francis Jacques 4 2020-01-13 30 0.35 653,400 60,000 Ltd.
January 23, 2020 (2020), 43 OSCB 1005
Insider Reporting
This page intentionally left blank
January 23, 2020 (2020), 43 OSCB 1006
Chapter 11
IPOs, New Issues and Secondary Financings
INVESTMENT FUNDS
Issuer Name: Issuer Name: Sustainable Infrastructure Dividend Fund Canadian Scholarship Trust Individual Savings Plan Principal Regulator - Alberta (ASC) Canadian Scholarship Trust Family Savings Plan Type and Date: CST Advantage Plan Preliminary Long Form Prospectus dated January 17, 2020 Principal Regulator - Ontario NP 11-202 Preliminary Receipt dated January 17, 2020 Type and Date: Offering Price and Description: Final Long Form Prospectus dated January 15, 2020 Maximum: $● – ● Units NP 11-202 Receipt dated January 20, 2020 Minimum: $20,000,000 - 2,000,000 Units Offering Price and Description: Price: $10.00 per Unit Scholarship plan trust units Underwriter(s) or Distributor(s): Underwriter(s) or Distributor(s): CIBC World Market Inc. N/A RBC Dominion Securities Inc. Promoter(s): BMO Nesbitt Burns Inc. N/A Scotia Capital Inc. Project #2978708 TD Securities Inc. . Canaccord Genuity Corp. ______Industrial Alliance Securities Inc. Issuer Name: National Bank Financial Inc. CST Advantage Plan Manulife Securities Incorporated Canadian Scholarship Trust Individual Savings Plan Raymond James Ltd. . Canadian Scholarship Trust Family Savings Plan Stiffel Nicolaus Canada Inc. Principal Regulator - Ontario Middlefield Capital Corporation Type and Date: Echelon Wealth Partners Inc. Final Long Form Prospectus dated January 15, 2020 Mackie Research Capital Corporation NP 11-202 Receipt dated January 20, 2020 Promoter(s): Offering Price and Description: Middlefield Limited Scholarship Plan trust units Project #3008365 Underwriter(s) or Distributor(s): N/A ______Promoter(s): Issuer Name: N/A Canadian Scholarship Trust Family Savings Plan Project #2978709 CST Advantage Plan Canadian Scholarship Trust Individual Savings Plan ______Principal Regulator - Ontario Issuer Name: Type and Date: CST Bright Plan Final Long Form Prospectus dated January 15, 2020 Principal Regulator - Ontario NP 11-202 Receipt dated January 20, 2020 Type and Date: Offering Price and Description: Final Long Form Prospectus dated January 15, 2020 Scholarschip plan trust units NP 11-202 Receipt dated January 20, 2020 Underwriter(s) or Distributor(s): Offering Price and Description: N/A Scholarship plan securities Promoter(s): Underwriter(s) or Distributor(s): N/A N/A Project #2978710 Promoter(s): N/A ______Project #2980005
______
January 23, 2020 (2020), 43 OSCB 1007
IPOs, New Issues and Secondary Financings
Issuer Name: Issuer Name: First Trust Cboe Vest U.S. Equity Buffer ETF - February BMO Aggregate Bond Index ETF First Trust Cboe Vest U.S. Equity Deep Buffer ETF - BMO Balanced ESG ETF February BMO Balanced ETF Principal Regulator – Ontario BMO BBB Corporate Bond Index ETF Type and Date: BMO Canadian Dividend ETF Preliminary Long Form Prospectus dated Jan 14, 2020 BMO Canadian High Dividend Covered Call ETF NP 11-202 Preliminary Receipt dated Jan 15, 2020 BMO Canadian MBS Index ETF Offering Price and Description: BMO China Equity Index ETF (formerly, BMO China Equity Hedged Units and units Hedged to CAD Index ETF) Underwriter(s) or Distributor(s): BMO Conservative ETF N/A BMO Corporate Bond Index ETF Promoter(s): BMO Covered Call Canadian Banks ETF N/A BMO Covered Call Dow Jones Industrial Average Hedged Project #3007470 to CAD ETF BMO Covered Call US Banks ETF ______BMO Covered Call Utilities ETF Issuer Name: BMO Discount Bond Index ETF CIBC Active Investment Grade Corporate Bond ETF BMO Dow Jones Industrial Average Hedged to CAD Index CIBC Active Investment Grade Floating Rate Bond ETF ETF CIBC Flexible Yield ETF (CAD-Hedged) BMO Emerging Markets Bond Hedged to CAD Index ETF CIBC Multifactor Canadian Equity ETF BMO Equal Weight Banks Index ETF (previously, BMO CIBC Multifactor U.S. Equity ETF S&P/TSX Equal Weight Banks Index ETF) Principal Regulator – Ontario BMO Equal Weight Global Base Metals Hedged to CAD Type and Date: Index ETF (prev, BMO S&P/TSX Equal Weight Global Combined Preliminary and Pro Forma Long Form Base Metals Hedged) Prospectus dated Jan 14, 2020 BMO Equal Weight Global Gold Index ETF (previously, NP 11-202 Final Receipt dated Jan 15, 2020 BMO S&P/TSX Equal Weight Global Gold Index ETF) Offering Price and Description: BMO Equal Weight Industrials Index ETF (previously, BMO Hedged Units and Common Units S&P/TSX Equal Weight Industrials Index ETF) Underwriter(s) or Distributor(s): BMO Equal Weight Oil & Gas Index ETF (previously, BMO N/A S&P/TSX Equal Weight Oil & Gas Index ETF) Promoter(s): BMO Equal Weight REITs Index ETF N/A BMO Equal Weight US Banks Hedged to CAD Index ETF Project #2987381 BMO Equal Weight US Banks Index ETF BMO Equal Weight US Health Care Hedged to CAD Index ______ETF BMO Equal Weight US Health Care Index ETF BMO Equal Weight Utilities Index ETF BMO ESG Corporate Bond Index ETF BMO ESG US Corporate Bond Hedged to CAD Index ETF BMO Europe High Dividend Covered Call ETF BMO Europe High Dividend Covered Call Hedged to CAD ETF BMO Floating Rate High Yield ETF BMO Global Communications Index ETF BMO Global Consumer Discretionary Hedged to CAD Index ETF BMO Global Consumer Staples Hedged to CAD Index ETF BMO Global High Dividend Covered Call ETF BMO Global Infrastructure Index ETF BMO Government Bond Index ETF BMO Growth ETF BMO High Quality Corporate Bond Index ETF BMO High Yield US Corporate Bond Hedged to CAD Index ETF BMO High Yield US Corporate Bond Index ETF BMO India Equity Index ETF (formerly, BMO India Equity Hedged to CAD Index ETF) BMO International Dividend ETF BMO International Dividend Hedged to CAD ETF BMO Junior Gas Index ETF BMO Junior Gold Index ETF
January 23, 2020 (2020), 43 OSCB 1008
IPOs, New Issues and Secondary Financings
BMO Junior Oil Index ETF BMO US Preferred Share Hedged to CAD Index ETF BMO Laddered Preferred Share Index ETF (formerly BMO BMO US Preferred Share Index ETF S&P/TSX Laddered Preferred Share Index ETF) BMO US Put Write ETF BMO Long Corporate Bond Index ETF BMO US Put Write Hedged to CAD ETF BMO Long Federal Bond Index ETF Principal Regulator – Ontario BMO Long Provincial Bond Index ETF Type and Date: BMO Long-Term US Treasury Bond Index ETF Combined Preliminary and Pro Forma Long Form BMO Low Volatility Canadian Equity ETF Prospectus dated Jan 10, 2020 BMO Low Volatility Emerging Markets Equity ETF NP 11-202 Final Receipt dated Jan 14, 2020 BMO Low Volatility International Equity ETF Offering Price and Description: BMO Low Volatility International Equity Hedged to CAD Hedged Units, USD Units, CAD Units and Accumulating ETF Units BMO Low Volatility US Equity ETF Underwriter(s) or Distributor(s): BMO Low Volatility US Equity Hedged to CAD ETF N/A BMO Mid Corporate Bond Index ETF Promoter(s): BMO Mid Federal Bond Index ETF N/A BMO Mid Provincial Bond Index ETF Project #2992796 BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF BMO Mid-Term US IG Corporate Bond Index ETF ______BMO Mid-Term US Treasury Bond Index ETF Issuer Name: BMO Monthly Income ETF Stone Global Sustainability Fund (formerly Stone EuroPlus BMO MSCI All Country World High Quality Index ETF Fund) BMO MSCI Canada ESG Leaders Index ETF Stone Global ESG Strategy Fund (formerly Stone Global BMO MSCI Canada Value Index ETF Strategy Fund) BMO MSCI EAFE ESG Leaders Index ETF Principal Regulator - Alberta (ASC) BMO MSCI EAFE Hedged to CAD Index ETF (formerly, Type and Date: BMO International Equity Hedged to CAD Index ETF) Amendment #1 to Final Simplified Prospectus dated BMO MSCI EAFE Index ETF January 10, 2020 BMO MSCI EAFE Value Index ETF NP 11-202 Final Receipt dated Jan 16, 2020 BMO MSCI Emerging Markets Index ETF (formerly, BMO Offering Price and Description: Emerging Markets Equity Index ETF) Series A units, Series B units, Series F units, Series L BMO MSCI Europe High Quality Hedged to CAD Index units, Series O units, Series T8A units ETF Underwriter(s) or Distributor(s): BMO MSCI Global ESG Leaders Index ETF N/A BMO MSCI USA ESG Leaders Index ETF Promoter(s): BMO MSCI USA High Quality Index ETF N/A BMO MSCI USA Value Index ETF Project #2929745 BMO Nasdaq 100 Equity Hedged to CAD Index ETF BMO Nasdaq 100 Equity Index ETF BMO Premium Yield ETF ______BMO Real Return Bond Index ETF BMO S&P 500 Hedged to CAD Index ETF (formerly, BMO US Equity Hedged to CAD Index ETF) BMO S&P 500 Index ETF BMO S&P US Mid Cap Index ETF BMO S&P US Small Cap Index ETF BMO S&P/TSX Capped Composite Index ETF (formerly, BMO Dow Jones Canada Titans 60 Index ETF) BMO Short Corporate Bond Index ETF BMO Short Federal Bond Index ETF BMO Short Provincial Bond Index ETF BMO Short-Term Bond Index ETF BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF BMO Short-Term US Treasury Bond Index ETF BMO Ultra Short-Term Bond ETF (formerly, BMO 2013 Corporate Bond Target Maturity ETF) BMO Ultra Short-Term US Bond ETF BMO US Dividend ETF BMO US Dividend Hedged to CAD ETF BMO US High Dividend Covered Call ETF BMO US High Dividend Covered Call Hedged to CAD ETF
January 23, 2020 (2020), 43 OSCB 1009
IPOs, New Issues and Secondary Financings
Issuer Name: Fidelity Canadian Growth Company Fund Fidelity Canadian Large Cap Fund Fidelity American Equity Systematic Currency Hedged Fund Fidelity U.S. Focused Stock Fund Fidelity U.S. Focused Stock Systematic Currency Hedged Fund Fidelity Event Driven Opportunities Fund Fidelity China Fund Fidelity Global Large Cap Fund Fidelity Japan Fund Fidelity International Growth Fund Fidelity Insights Systematic Currency Hedged Fund Fidelity American Balanced Currency Neutral Fund Fidelity Global Income Portfolio Fidelity Balanced Managed Risk Portfolio Fidelity Conservative Managed Risk Portfolio Fidelity ClearPath 2015 Portfolio Fidelity ClearPath 2020 Portfolio Fidelity ClearPath 2025 Portfolio Fidelity ClearPath 2030 Portfolio Fidelity ClearPath 2035 Portfolio Fidelity ClearPath 2040 Portfolio Fidelity ClearPath 2055 Portfolio Fidelity Canadian Bond Fund Fidelity U.S. Money Market Fund Fidelity Floating Rate High Income Fund Fidelity Global Bond Currency Neutral Fund Fidelity Global Innovators Investment Trust Principal Regulator - Alberta (ASC) Type and Date: Amendment #1 to Final Simplified Prospectus dated January 7, 2020 NP 11-202 Final Receipt dated Jan 16, 2020 Offering Price and Description: Series A units, Series B units, Series E1 units, Series E1 units, Series E1T5 units, Series E2 units, Series E2T5 units, Series E3 units, Series E4 units, Series E5 units, Series F units, Series F5 units, Series F8 units, Series O units, Series P1 units, Series P2 units, Series P3 units, Series P4 units, Series P5 units, Series S5 units, Series S8 units, Series T5 units, Series T8 units, Series P1T5 units, Series P2T5 units, Series P3T5 units Underwriter(s) or Distributor(s): N/A Promoter(s): N/A Project # 2967181
______
January 23, 2020 (2020), 43 OSCB 1010
IPOs, New Issues and Secondary Financings
NON-INVESTMENT FUNDS
Issuer Name: Issuer Name: Fronsac Real Estate Investment Trust Orezone Gold Corporation Principal Regulator - Quebec Principal Regulator - British Columbia Type and Date: Type and Date: Preliminary Short Form Prospectus dated January 20, 2020 Preliminary Short Form Prospectus dated January 14, 2020 NP 11-202 Preliminary Receipt dated January 20, 2020 NP 11-202 Preliminary Receipt dated January 14, 2020 Offering Price and Description: Offering Price and Description: Minimum: $15,004,000.00 (24,200,000 Units) C$20,034,000.00 Maximum: $17,980,000.00 (29,000,000 Units) 37,100,000 Units Price: $0.62 Per Unit Underwriter(s) or Distributor(s): Underwriter(s) or Distributor(s): CANACCORD GENUITY CORP. PARADIGM CAPITAL INC. PI FINANCIAL CORP. CANACCORD GENUITY CORP. CIBC WORLD MARKETS INC. LAURENTIAN BANK SECURITIES INC. RAYMOND JAMES LTD. ECHELON WEALTH PARTNERS INC. CORMARK SECURITIES INC. DESJARDINS SECURITIES INC. PARADIGM CAPITAL INC. Promoter(s): Promoter(s): - - Project #3008712 Project #3006196
______Issuer Name: Issuer Name: Graycliff Exploration Ltd. Osino Resources Corp. (formerly Romulus Resources Ltd.) Principal Regulator - British Columbia Principal Regulator - British Columbia Type and Date: Type and Date: Preliminary Long Form Prospectus dated January 14, 2020 Amendment dated January 14, 2020 to Preliminary Short NP 11-202 Preliminary Receipt dated January 14, 2020 Form Prospectus dated January 13, 2020 Offering Price and Description: NP 11-202 Preliminary Receipt dated January 15, 2020 No securities are being offered pursuant to this Prospectus Offering Price and Description: Underwriter(s) or Distributor(s): Offering: $10,000,380.00 - 12,821,000 Units Promoter(s): $0.78 per Unit - Underwriter(s) or Distributor(s): Project #3007391 CORMARK SECURITIES INC. M PARTNERS INC. ______CANACCORD GENUITY CORP. Issuer Name: BEACON SECURITIES LIMITED Moon River Capital Ltd HAYWOOD SECURITIES INC. Principal Regulator - Ontario Promoter(s): Type and Date: Heye Daun Amendment dated January 13, 2020 to Preliminary CPC Alan Friedman Prospectus dated November 25, 2019 Project #3007020 NP 11-202 Preliminary Receipt dated January 14, 2020 Offering Price and Description: ______$260,000.00 2,600,000 Common Shares PRICE: $0.10 per Common Share Underwriter(s) or Distributor(s): CANACCORD GENUITY CORP. Promoter(s): Jamie Levy Kerry Knoll Ian McDonald Project #2990441
______
January 23, 2020 (2020), 43 OSCB 1011
IPOs, New Issues and Secondary Financings
Issuer Name: US$10.00 per Class U Unit Osino Resources Corp. (formerly Romulus Resources Ltd.) Underwriter(s) or Distributor(s): Principal Regulator - British Columbia CIBC WORLD MARKETS INC. Type and Date: SCOTIA CAPITAL INC. Amendment dated January 16, 2020 to Preliminary Short BMO NESBITT BURNS INC. Form Prospectus dated January 14, 2020 NATIONAL BANK FINANCIAL INC. NP 11-202 Preliminary Receipt dated January 16, 2020 RAYMOND JAMES LTD. Offering Price and Description: RBC DOMINION SECURITIES INC. Offering: $12,500,280.00 STIFEL NICOLAUS CANADA INC. 16,026,000 Units TD SECURITIES INC. $0.78 per Unit CANACCORD GENUITY CORP. Underwriter(s) or Distributor(s): DESJARDINS SECURITIES INC. CORMARK SECURITIES INC. INDUSTRIAL ALLIANCE SECURITIES INC. M PARTNERS INC. LAURENTIAN BANK SECURITIES INC. CANACCORD GENUITY CORP. Promoter(s): BEACON SECURITIES LIMITED STARLIGHT GROUP PROPERTY HOLDINGS INC. HAYWOOD SECURITIES INC. Project #3001815 Promoter(s): Heye Daun ______Alan Friedman Issuer Name: Project #3007020 BELLUS Health Inc. Principal Regulator - Quebec ______Type and Date: Issuer Name: Final Shelf Prospectus dated January 17, 2020 SHAW COMMUNICATIONS INC. NP 11-202 Receipt dated January 17, 2020 Principal Regulator - Alberta Offering Price and Description: Type and Date: US$250,000,000.00 Preliminary Shelf Prospectus dated January 15, 2020 Common Shares NP 11-202 Preliminary Receipt dated January 15, 2020 Underwriter(s) or Distributor(s): Offering Price and Description: - $3,000,000,000.00 Promoter(s): Debt Securities - Class B Non-Voting Participating Shares Project #3002482 Class 1 Preferred Shares Class 2 Preferred Shares ______Warrants Issuer Name: Subscription Receipts Inter Pipeline Ltd. Share Purchase Contracts Principal Regulator - Alberta Units Type and Date: Underwriter(s) or Distributor(s): Final Shelf Prospectus dated January 15, 2020 - NP 11-202 Receipt dated January 15, 2020 Promoter(s): Offering Price and Description: - $3,000,000,000.00 Project #3007800 Common Shares Preferred Shares ______Debt Securities Issuer Name: Subscription Receipts Starlight U.S. Multi-Family (No. 1) Core Plus Fund Warrants Principal Regulator - Ontario Share Purchase Contracts Type and Date: Units Amendment dated January 17, 2020 to Preliminary Long Underwriter(s) or Distributor(s): Form Prospectus dated December 19, 2019 - NP 11-202 Preliminary Receipt dated January 17, 2020 Promoter(s): Offering Price and Description: - Maximum: US$147,026,000.00 of Project #3005533 Class A Units and/or Class C Units and/or Class D Units and/or ______Class E Units and/or Class F Units and/or Class U Units Price: C$10.00 per Class A Unit C$10.00 per Class C Unit C$10.00 per Class D Unit US$10.00 per Class E Unit C$10.00 per Class F Unit
January 23, 2020 (2020), 43 OSCB 1012
IPOs, New Issues and Secondary Financings
Issuer Name: JNC Resources Inc. Principal Regulator - British Columbia Type and Date: Final Long Form Prospectus dated January 13, 2020 NP 11-202 Receipt dated January 14, 2020 Offering Price and Description: Minimum: $300,000.00 (3,000,000 Common Shares) Maximum: $1,000,000.00 (10,000,000 Common Shares) Price: $0.10 per Common Share Underwriter(s) or Distributor(s): MACKIE RESEARCH CAPITAL CORPORATION Promoter(s): Michael Mulberry Project #2974864
______Issuer Name: TGOD Acquisition Corporation Principal Regulator - British Columbia Type and Date: Final Long Form Prospectus dated January 15, 2020 NP 11-202 Receipt dated January 17, 2020 Offering Price and Description: Up to $3,216,578.00 Up to 6,433,156 Units Issuable upon Exercise of 6,433,156 Warrants Underwriter(s) or Distributor(s): - Promoter(s): THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD. Project #2987044
______Issuer Name: Whatcom Capital Corp. Principal Regulator - British Columbia Type and Date: Final CPC Prospectus dated January 17, 2020 NP 11-202 Receipt dated January 17, 2020 Offering Price and Description: OFFERING: $500,000.00 or 5,000,000 Common Shares Price: $0.10 per Common Share Underwriter(s) or Distributor(s): Industrial Alliance Securities Inc. Promoter(s): Darren Tindale Project #2997694
______
January 23, 2020 (2020), 43 OSCB 1013
IPOs, New Issues and Secondary Financings
This page intentionally left blank
January 23, 2020 (2020), 43 OSCB 1014
Chapter 12
Registrations
12.1.1 Registrants
Type Company Category of Registration Effective Date
From: Rare Infrastructure (North America) Pty. Ltd.
Name Change Portfolio Manager December 2, 2019 To: Clearbridge Rare Infrastructure (North America) Pty Limited
Voluntary Surrender DPN Capital Inc. Exempt Market Dealer January 10, 2020
From: Investment Fund Manager, Portfolio Manager and Exempt Market Dealer Change in Registration Mercer Global Investments January 3, 2020 Category Canada Limited To: Commodity Trading Manager, Investment Fund Manager, Portfolio Manager and Exempt Market Dealer
Mercer Global Investments Canada Limited and Pavilion Commodity Trading Advisory Group Ltd. Manager, Investment Fund Amalgamation January 3, 2020 Manager, Portfolio Manager To form: Mercer Global and Exempt Market Dealer Investments Canada Limited
January 23, 2020 (2020), 43 OSCB 1015
Registrations
This page intentionally left blank
January 23, 2020 (2020), 43 OSCB 1016
Chapter 13
SROs, Marketplaces, Clearing Agencies and Trade Repositories
13.2 Marketplaces
13.2.1 CSE – Amendments to Trading System Functionality & Features – Notice of Approval
CANADIAN SECURITIES EXCHANGE
NOTICE OF APPROVAL
SYSTEM FUNCTIONALITY – CLOSING PRICE SESSION ENHANCEMENTS
In accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F1 and the Exhibits Thereto, CNSX Markets Inc. (“CSE”) has proposed, and the Ontario Securities Commission has approved significant changes to the CSE trading system.
On December 5, 2019 the CSE published Amendments to Trading System Functionality & Features – Closing Price (CCP) Session Enhancements – Request for Comment with respect to the amendments to the previously approved closing price trading session on the CSE and a related order type, the Closing Price Session Cross.
The comment period expired January 9, 2020. CSE did not receive any public comments regarding these proposed changes.
IMPLEMENTATION
The Enhancements will be effective upon launch of the Closing Price Session during Q2 2020.
Questions about this notice may be directed to:
Mark Faulkner, Vice President Listings & Regulation, [email protected], or 416-367-7341
January 23, 2020 (2020), 43 OSCB 1017
SROs, Marketplaces, Clearing Agencies and Trade Repositories
13.2.2 Canadian Securities Exchange – Proposed Amendments to Trading System – Notice of Withdrawal
CANADIAN SECURITIES EXCHANGE
NOTICE OF WITHDRAWAL OF PROPOSED AMENDMENTS TO TRADING SYSTEM
SYSTEM FUNCTIONALITY – “AT THE TOUCH PEGGED ORDER,” “LIMIT ON OPEN (LOO) ORDER,” AND “PRICE IMPROVED ONLY OPTION FOR SEEK DARK ORDER” TYPES
In accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F1 and the Exhibits thereto (the “Protocol”) in Appendix C of the Ontario Securities Commission's Recognition Order recognizing CNSX Markets Inc. (the “CSE”) as an exchange, the proposed “CSE At the Touch Pegged Order,” “Limit On Open (LOO) Order,” and “Price Improved Only Option for Seek Dark Order” types are deemed to have been withdrawn as provided in subsection 12(d) of the Protocol.
These proposed changes to CSE trading rules were published for comment on August 9, 2018 (see CSE Notice 2018-006). These order types were approved by the OSC on December 6, 2018. To the extent the CSE decides to pursue these order types again, they will be published for comment in accordance with the requirements of the Protocol.
January 23, 2020 (2020), 43 OSCB 1018
Chapter 25
Other Information
25.1 Consents
25.1.1 Mexican Gold Corp. – s. 4(b) of the Regulation
Headnote
Consent given to an offering corporation under the Business Corporations Act (Ontario) to continue under Business Corporations Act (British Columbia).
Statutes Cited
Business Corporations Act, R.S.O. 1990, c.B.16, as am., s. 181. Securities Act, R.S.O. 1990, c. S.5, as am.
Regulations Cited
Regulation made under the Business Corporations Act, Ont. Reg. 289/00.
IN THE MATTER OF R.R.O. 1990, REGULATION 289/00, AS AMENDED (the Regulation) UNDER THE BUSINESS CORPORATIONS ACT (ONTARIO), R.S.O. 1990 c. B.16, AS AMENDED (the OBCA)
AND
IN THE MATTER OF MEXICAN GOLD CORP.
CONSENT (Subsection 4(b) of the Regulation)
UPON the application of Mexican Gold Corp. (the Applicant) to the Ontario Securities Commission (the Commission) requesting the Commission’s consent to the Applicant continuing in another jurisdiction pursuant to section 181 of the OBCA (the Continuance);
AND UPON considering the application and the recommendation of the staff of the Commission;
AND UPON the Applicant having represented to the Commission that:
1. The Applicant is an offering corporation under the OBCA.
2. The Applicant's common shares (the Common Shares) are listed and posted for trading on the TSX Venture Exchange (the TSXV) under the symbol "MEX". As at October 8, 2019, the Applicant’s authorized capital consists of an unlimited number of Common Shares and an unlimited number of Preference Shares, of which 103,341,758 Common Shares are issued and outstanding.
3. The Applicant intends to apply to the Director pursuant to section 181 of the OBCA (the Application for Continuance) for authorization to continue as a corporation under the Business Corporations Act (British Columbia), S.B.C. 2002, c.57, as amended (the BCBCA).
4. The principal reason for the Application for Continuance is that the Applicant’s principal place of business and half of its directors are located in British Columbia. In addition, management of the Applicant has determined that the Continuance will generate cost efficiencies to the operations of the Applicant. Following the Continuance, the Applicant’s registered office, which is currently located in Ontario, will be relocated to British Columbia.
January 23, 2020 (2020), 43 OSCB 1019
Other Information
5. The material rights, duties and obligations of a corporation governed by the BCBCA are substantially similar to those of a corporation governed by the OBCA.
6. The Applicant is a reporting issuer under the Securities Act, R.S.O. 1990, c. S.5, as amended (the Act), the Securities Act (Alberta), R.S.A. 2000, c. S-4 and the Securities Act (British Columbia), R.S.B.C. 1996, C.418 (collectively, the Legislation) and will remain a reporting issuer in these jurisdictions following the Continuance.
7. The Applicant is not in default of any of the provisions of the OBCA, the Act or the Legislation, including the regulations made thereunder;
8. The Applicant is not subject to any proceeding under the OBCA, the Act or the Legislation.
9. The Applicant is not in default of any provision of the rules, regulations or policies of the TSXV.
10. Following the Continuance, the Applicant intends to change its principal regulator from the Commission to the British Columbia Securities Commission.
11. The Applicant's management information circular dated November 18, 2019 for its annual and special meeting of shareholders held on December 18, 2019 (the Shareholders' Meeting), described the proposed Continuance, the reasons for it and its implications as well as full particulars of the dissent rights of the Applicant's shareholders under section 185 of the OBCA and included a comparison of the corporate law differences between the OBCA and BCBCA.
12. The Applicant's shareholders authorized the Continuance at the Shareholders' Meeting by a special resolution approved by 99.23% of the votes cast. No shareholders exercised dissent rights pursuant to section 185 of the OBCA.
13. Subsection 4(b) of the Regulation requires the Application for Continuance be accompanied by a consent from the Commission.
AND UPON the Commission being satisfied that to do so would not be prejudicial to the public interest;
THE COMMISSION CONSENTS to the Continuance of the Applicant under the BCBCA.
DATED at Toronto on this 14th day of January, 2020.
“Heather Zordel” Commissioner Ontario Securities Commission
“Mary Anne De Monte-Whelan” Commissioner Ontario Securities Commission
January 23, 2020 (2020), 43 OSCB 1020
Index
Aethon Minerals Corporation Jones, Bradley Order ...... 905 Notice from the Office of the Secretary ...... 874 Reasons and Decision – s. 127(1) ...... 907 Avesoro Resources Inc. Order ...... 898 Kew Media Group Inc. Cease Trading Order ...... 915 BDO Canada LLP Notice of Hearing – ss. 127, 127.1 ...... 874 Mercer Global Investments Canada Limited Notice from the Office of the Secretary ...... 875 Amalgamation ...... 1015 Change in Registration Category ...... 1015 Blackrock Asset Management Canada Limited Order – s. 80 of the CFA ...... 899 Mexican Gold Corp. Consent – s. 4(b) of the Regulation ...... 1019 Blackrock Financial Management, Inc. Order – s. 80 of the CFA ...... 899 Miner Edge Corp. Notice from the Office of the Secretary ...... 875 BMO Investments Inc. Order – ss. 127, 127.1 ...... 905 Decision ...... 877 Miner Edge Inc. Brown, Gary Notice from the Office of the Secretary ...... 875 Notice from the Office of the Secretary ...... 874 Order – ss. 127, 127.1 ...... 905 Reasons and Decision – s. 127(1) ...... 907 MOAG Copper Gold Resources Inc. Canadian Securities Exchange Notice from the Office of the Secretary ...... 874 Marketplaces – Amendments to Trading System Reasons and Decision – s. 127(1) ...... 907 Functionality & Features – Notice of Approval ...... 1017 Marketplaces – Proposed Amendments to Neurocords Corporation Trading System – Notice of Withdrawal ...... 1018 Order ...... 897 CannTrust Holdings Inc. Pavilion Advisory Group Ltd. Cease Trading Order ...... 915 Amalgamation ...... 1015 Capital International Asset Management (Canada), Inc. Pengrowth Energy Corporation Decision ...... 884 Order ...... 903 Clearbridge Rare Infrastructure (North America) Pty Performance Sports Group Ltd. Limited Cease Trading Order ...... 915 Name Change ...... 1015 Rare Infrastructure (North America) Pty. Ltd. CSA Notice 23-325 Trading Fee Rebate Pilot Study Name Change ...... 1015 Notice ...... 847 Vertex Enhanced Income Fund CSE Decision ...... 890 Marketplaces – Amendments to Trading System Functionality & Features – Notice of Approval ...... 1017 Vertex Fund Marketplaces – Proposed Amendments to Decision ...... 890 Trading System – Notice of Withdrawal ...... 1018 Vertex Growth Fund DPN Capital Inc. Decision ...... 890 Voluntary Surrender ...... 1015 Vertex Managed Value Portfolio Franklin Templeton Investments Corp. Decision ...... 890 Decision ...... 886 Vertex One Asset Management Inc. Frontenac Mortgage Investment Corporation Decision ...... 890 Decision ...... 883 Vertex Value Fund Handa, Rakesh Decision ...... 890 Notice from the Office of the Secretary ...... 875 Voyager Digital (Canada) Ltd. Order – ss. 127, 127.1 ...... 905 Cease Trading Order ...... 915 Iplayco Corporation Ltd. Order ...... 904
January 23, 2020 (2020), 43 OSCB 1021
Index
This page intentionally left blank
January 23, 2020 (2020), 43 OSCB 1022