OSC Bulletin

The Ontario Securities Commission

OSC Bulletin

November 23, 2017

Volume 40, Issue 47

(2017), 40 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)

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Table of Contents

Chapter 1 Notices / News Releases ...... 9321 2.2.9 Jiminex Inc. – s. 144 ...... 9359 1.1 Notices ...... 9321 2.2.10 Omega Securities Inc...... 9361 1.1.1 Sandpiper Real Estate Fund Limited 2.2.11 Omega Securities Inc...... 9362 Partnership et al...... 9321 2.3 Orders with Related Settlement 1.2 Notices of Hearing ...... 9322 Agreements ...... (nil) 1.2.1 Omega Securities Inc. 2.4 Rulings ...... (nil) – ss. 127(1), 127(5) ...... 9322 1.2.2 Land and Buildings Investment Chapter 3 Reasons: Decisions, Orders and Management, LLC – ss. 8, 21.7 ...... 9323 Rulings ...... (nil) 1.3 Notices of Hearing with Related 3.1 OSC Decisions ...... (nil) Statements of Allegations ...... 9324 3.2 Director’s Decisions ...... (nil) 1.3.1 Omega Securities Inc. – ss. 127, 127.1 ...... 9324 3.3 Court Decisions ...... (nil) 1.4 News Releases ...... (nil) 1.5 Notices from the Office Chapter 4 Cease Trading Orders ...... 9363 of the Secretary ...... 9332 4.1.1 Temporary, Permanent & Rescinding 1.5.1 Omega Securities Inc...... 9332 Issuer Cease Trading Orders ...... 9363 1.5.2 Sandpiper Real Estate Fund Limited 4.2.1 Temporary, Permanent & Rescinding Partnership et al...... 9332 Management Cease Trading Orders ...... 9363 1.5.3 Land and Buildings Investment 4.2.2 Outstanding Management & Insider Management, LLC ...... 9333 Cease Trading Orders ...... 9363 1.5.4 Benedict Cheng et al...... 9334 1.5.5 Omega Securities Inc...... 9335 Chapter 5 Rules and Policies ...... (nil) 1.5.6 Land and Buildings Investment Management, LLC ...... 9335 Chapter 6 Request for Comments ...... (nil) 1.5.7 Pro-Financial Asset Management Inc. et al...... 9336 Chapter 7 Insider Reporting ...... 9365 1.5.8 Land and Buildings Investment Management, LLC ...... 9336 Chapter 9 Legislation ...... (nil) 1.5.9 Omega Securities Inc...... 9337 1.5.10 Omega Securities Inc...... 9337 Chapter 11 IPOs, New Issues and Secondary 1.5.11 Omega Securities Inc...... 9338 Financings ...... 9445 1.5.12 Omega Securities Inc...... 9338 1.6 Notices from the Office Chapter 12 Registrations ...... 9457 of the Secretary with Related 12.1.1 Registrants ...... 9457 Statements of Allegations ...... (nil) Chapter 13 SROs, Marketplaces, Chapter 2 Decisions, Orders and Rulings ...... 9339 Clearing Agencies and 2.1 Decisions ...... 9339 Trade Repositories ...... 9459 2.1.1 HNZ Group Inc...... 9339 13.1 SROs ...... (nil) 2.1.2 Invesco Canada Ltd...... 9343 13.2 Marketplaces ...... 9459 2.2 Orders...... 9348 13.2.1 TSX Inc. – Enhancements to Dark Trading 2.2.1 Benedict Cheng et al...... 9348 Functionality -- Notice of Proposed Changes 2.2.2 Land and Buildings Investment and Request for Comment ...... 9459 Management, LLC – ss. 8, 21.7 ...... 9349 13.3 Clearing Agencies ...... 9464 2.2.3 Pro-Financial Asset Management Inc. 13.3.1 CDS – Material Amendments to CDS Rules et al. – s. 9(1)(b) of the SPPA ...... 9350 Related to the Elective System-Operating 2.2.4 Land and Buildings Investment Cap for Extenders of Credit – OSC Staff Management, LLC ...... 9350 Notice of Request for Comment ...... 9464 2.2.5 Flaherty & Crumrine Incorporated and 13.3.2 CDCC – Amendments to CDCC Rules – Brompton Funds Limited Minor Changes to the Eligibility Criteria – ss. 78(1) and 80 of the CFA ...... 9351 for Membership in the Corporation – OSC 2.2.6 Timbercreek U.S. Multi-Residential Staff Notice of Request for Comment ...... 9465 Opportunity Fund #1 ...... 9355 13.3.3 CDCC – Proposed Amendments to the Rules 2.2.7 Omega Securities Inc...... 9358 and Operations Manual of CDCC to 2.2.8 Omega Securities Inc...... 9358 Accommodate the Extension of the

November 23, 2017 (2017), 40 OSCB

Table of Contents

Trading Hours at Bourse de Montréal Inc. – OSC Staff Notice of Request for Comment ...... 9466 13.4 Trade Repositories ...... (nil)

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

Index ...... 9467

November 23, 2017 (2017), 40 OSCB

Chapter 1

Notices / News Releases

1.1 Notices

1.1.1 Sandpiper Real Estate Fund Limited Partnership et al.

NOTICE OF WITHDRAWAL

IN THE MATTER OF SANDPIPER REAL ESTATE FUND LIMITED PARTNERSHIP, SANDPIPER OPPORTUNITY FUND 3 LIMITED PARTNERSHIP and SANDPIPER GP INC.

File No. 2017-60

NOTICE OF WITHDRAWAL

SANDPIPER REAL ESTATE FUND LIMITED PARTNERSHIP, SANDPIPER OPPORTUNITY FUND 3 LIMITED PARTNERSHIP and SANDPIPER GP INC. withdraw the Application for Hearing and Review.

DATED this 14th day of November, 2017.

NORTON ROSE FULBRIGHT CANADA LLP Royal Bank Plaza, South Tower 3800 - 200 Bay Street Toronto ON M5J 2Z4

Orestes Pasparakis, LSUC#: 36851T D. Michael Brown, LSUC#: 38985U Tel: 416.216.4000 Fax: 416.216.3930

November 23, 2017 (2017), 40 OSCB 9321

Notices / News Releases

1.2 Notices of Hearing

1.2.1 Omega Securities Inc. – ss. 127(1), 127(5)

FILE NO.: 2017-64

IN THE MATTER OF OMEGA SECURITIES INC.

NOTICE OF HEARING Subsections 127(5) and 127(1) of the Securities Act, RSO 1990, c S.5

PROCEEDING TYPE: Application for a Temporary Order

HEARING DATE AND TIME: November 17, 2017, at 10:00 a.m.

LOCATION: 20 Queen Street West, 17th Floor, Toronto, Ontario

PURPOSE

The purpose of this proceeding is to consider whether the Commission should grant the Application filed by Staff of the Commission, on November 13, 2017, to issue a temporary order.

REPRESENTATION

Any party to the proceeding may be represented by a 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 le plut tôt si le participant demande qu'une instance soit tenue entièrement ou partiellement en français.

Dated at Toronto this November 14, 2017

“Grace Knakowski” Secretary to the Commission

For more information

Please visit www.osc.gov.on.ca or contact the Registrar at [email protected].

November 23, 2017 (2017), 40 OSCB 9322

Notices / News Releases

1.2.2 Land and Buildings Investment Management, LLC – ss. 8, 21.7

FILE NO.: 2017-65

IN THE MATTER OF LAND AND BUILDINGS INVESTMENT MANAGEMENT, LLC

NOTICE OF HEARING Sections 8 and 21.7 of the Securities Act, RSO 1990, c S.5

PROCEEDING TYPE: Application for Hearing and Review

HEARING DATE AND TIME: November 15, 2017 at 1:30 p.m.

LOCATION: 20 Queen Street West, 17th Floor, Toronto, Ontario

PURPOSE

The purpose of this proceeding is to consider the Application dated November 13, 2017 made by the party named above to review a decision of the Toronto Stock Exchange made on November 7, 2017.

The hearing set for the date and time indicated above is the first attendance in this proceeding, as described in subsection 6(1) of the Commission’s Practice Guideline.

REPRESENTATION

Any party to the proceeding may be represented by a 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

AVIS EN FRANÇAIS

Dated at Toronto this 15th day of November, 2017

“Grace Knakowski” Secretary to the Commission

For more information

Please visit www.osc.gov.on.ca or contact the Registrar at [email protected].

November 23, 2017 (2017), 40 OSCB 9323

Notices / News Releases

1.3 Notices of Hearing with Related Statements of Allegations

1.3.1 Omega Securities Inc. – ss. 127, 127.1

FILE NO.: 2017-66

IN THE MATTER OF OMEGA SECURITIES INC.

NOTICE OF HEARING Sections 127 and 127.1 of the Securities Act, RSO 1990, c S.5

PROCEEDING TYPE: Enforcement Proceeding

HEARING DATE AND TIME: November 17, 2017 at 10:00 a.m.

LOCATION: 20 Queen Street West, 17th Floor, Toronto, Ontario

PURPOSE

The purpose of this proceeding is to consider whether it is in the public interest for the Commission to make the orders requested in the Statement of Allegations filed by Staff of the Commission on November 16, 2017.

The hearing set for the date and time indicated above is the first attendance in this proceeding, as described in subsection 5(1) of the Commission’s Practice Guideline.

REPRESENTATION

Any party to the proceeding may be represented by a 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

AVIS EN FRANÇAIS

Dated at Toronto this November 16, 2017

“Grace Knakowski” Secretary to the Commission

For more information

Please visit www.osc.gov.on.ca or contact the Registrar at [email protected].

November 23, 2017 (2017), 40 OSCB 9324

Notices / News Releases

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

AND

IN THE MATTER OF OMEGA SECURITIES INC.

STATEMENT OF ALLEGATIONS OF STAFF OF THE ONTARIO SECURITIES COMMISSION

A. ORDER SOUGHT

Staff of the Enforcement Branch of the Ontario Securities Commission (“Staff”) requests that the Commission make the following orders:

1. That the registration of Omega Securities Inc. (“OSI”) be suspended or restricted for such period as is specified by the Commission, or be terminated, or that terms and conditions be imposed on the registration, pursuant to paragraph 1 of subsection 127(1) of the Securities Act, RSO 1990, c S.5 (the “Act”);

2. That trading in any securities by OSI cease for such period as is specified by the Commission, pursuant to paragraph 2 of subsection 127(1) of the Act;

3. That OSI submit to a review of its practices and procedures and institute such changes as the Commission may order, pursuant to paragraph 4 of subsection 127(1) of the Act;

4. That OSI be reprimanded, pursuant to paragraph 6 of subsection 127(1) of the Act;

5. That OSI pay an administrative penalty of not more than $1 million for each failure by the respective Respondent to comply with Ontario securities law, pursuant to paragraph 9 of subsection 127(1) of the Act;

6. That OSI be ordered to pay the costs of the Commission investigation and the hearing, pursuant to section 127.1 of the Act; and

7. Such other order as the Commission considers appropriate in the public interest.

B. FACTS

Enforcement Staff makes the following allegations of fact:

Overview

1. Omega Securities Inc. (“OSI”), a registrant operating two Alternative Trading Systems (“ATSs”) in Ontario, has disseminated and continues to disseminate false and misleading information about trading activity on its marketplaces.

2. If OSI disseminated accurate information in compliance with Ontario securities law, investors and regulators would receive a true reflection of the trading activity on its marketplaces. Instead, OSI has continued to disseminate false and misleading information to investors and regulators, particularly with respect to the time of receipt of orders and the time of execution of trades.

3. OSI has been aware since as early as 2012 that system limitations existed in their trading platform used to operate Omega ATS and Lynx ATS. As a result, OSI knew that it was disseminating false and misleading information with respect to the time of orders and trades, as well as inaccurate information about the identities of buy and sell brokers for certain transactions, and during these ensuing years, OSI made no efforts to correct these failures before Staff’s investigation.

4. Furthermore, after Staff reviewed with OSI the particulars set out below and after OSI acknowledged to Staff in March 2017 that their systems operated in a manner that systematically erased original timestamp data created by OSI’s matching engine and replaced it with other systems-generated “time stamps”, OSI made no efforts to correct these failures. As a result, OSI continues to record and disseminate inaccurate data every day, impairing market participants’ confidence in the fairness of Ontario capital markets.

November 23, 2017 (2017), 40 OSCB 9325

Notices / News Releases

5. Accurate and timely collection and dissemination of information is critical to the integrity of Ontario’s capital markets and investor confidence. Accurate and timely information is also essential to regulators’ ability to discharge their enforcement and regulatory mandates, and is vital to enabling market participants to achieve their investment objectives.

6. Marketplaces, which are for-profit business enterprises, are a core element of Ontario’s capital markets and their proper operation facilitates fair and efficient markets and confidence in those markets. Because of this central role, marketplaces are required to satisfy some of the most significant regulatory responsibilities of any market participant, particularly with respect to the accurate and timely dissemination and storage of data regarding trading activity.

7. The audit trail record-keeping requirements for marketplaces set out in Part 11 of National Instrument 21-101 Marketplace Operation (“NI 21-101”) form the basis of the ability of regulators to effectively monitor trading and market activity. Part 11 of NI 21-101 requires that marketplaces, including those operated by OSI, maintain accurate records respecting the actual time of orders and trades and the true identities of parties to trades.

8. The transparency requirements in Part 7 of NI 21-101 are a fundamental component of the regulatory framework governing marketplaces and public markets. These transparency requirements require that marketplaces, including those operated by OSI, disseminate accurate timely information relating to orders and trades to the public and further, that such information is not made available to any other person before it is disseminated to the public through the information processor.

9. During the period commencing in 2012 through to present (the “Material Time”), OSI has breached Ontario securities law in its dissemination of information about trading activity on its ATSs, and in particular, has violated Parts 7 and 11 of NI 21-101.

10. As a result of OSI’s ATSs’ serious errors and omissions:

(i) Regulators are unable to ensure the integrity of the markets and protect investors;

(ii) Capital markets are prevented from operating in a fair and efficient manner; and

(iii) Investors’ confidence in the fairness of Ontario’s capital markets is impaired.

11. OSI has breached Ontario securities law and acted contrary to the public interest.

The Respondent

12. OSI is an Ontario corporation incorporated on May 31, 2007, that is based in Toronto. OSI’s regulation services provider is the Investment Industry Regulatory Organization of Canada (“IIROC”).

13. OSI operates two ATSs: Omega ATS and Lynx ATS. Omega ATS began operations on or about December 6, 2007. Lynx ATS began operations on or about February 3, 2014.

14. Presently, Omega ATS has a market share of approximately 5% of Canadian equities trading. Lynx ATS presently has a market share of approximately 0.50% of Canadian equities trading.

OSI’s Trading Platform

15. The establishment and operations of ATSs are governed by the regulatory framework set out in the Act as well as NI 21-101 and its related companion policies (collectively, the “Marketplace Rules”).

16. While the Marketplace Rules set out requirements for ATSs, including information transparency requirements, they do not dictate how an ATS implements these requirements. ATSs determine on their own the appropriate measures they will implement in order to meet the requirements of the Marketplace Rules, including the marketplace software and computer hardware they choose to make use of (commonly referred to as their “Trading Platform”).

17. The Trading Platform implemented by OSI to operate Omega ATS and Lynx ATS functions as follows:

(i) An OSI subscriber sends an order instruction (e.g. a buy order);

(ii) This instruction passes through one of two gateways at OSI;

November 23, 2017 (2017), 40 OSCB 9326

Notices / News Releases

(iii) The primary gateway puts the message in a queue to be submitted to the “Matching Engine”, which is a software program designed to algorithmically match orders between buyers and sellers;

(iv) The Matching Engine then submits this information to other OSI processes in preparation for dissemination;

(v) OSI disseminates the information (i.e. messages) regarding trading activity (including orders and executions) that takes place on Omega ATS and Lynx ATS to multiple third parties using three data feeds:

(a) The “ITCH Process,” which is used to disseminate data on the “ITCH Feed” to the public, including to OSI’s information processor, TMX Information Processor (“TMX IP”).

(b) The “MRF Process,” which is used to disseminate data on the “MRF Feed” to IIROC; and

(c) The “FIX Process,” which is used to disseminate data on the “FIX Feed” that is sent to the following four destinations in real time:

(A) FIX 4.2 execution messages is sent to each OSI user’s trade execution system;

(B) FIX 4.2 “drop copies”, which certain OSI users request primarily to be able to maintain intra- day “state” on all their outstanding orders and trade executions;

(C) CDS file, the cumulative file of which is sent to CDS at end-of-day as the definitive record of all OSI trade executions for a trading day; and

(D) History database, which is OSI’s own database of all trade executions.

Particulars of Staff’s Allegations

18. Staff alleges that, due to the Trading Platform implemented by OSI, Omega ATS and Lynx ATS failed to comply with the Marketplace Rules and the Act during the Material Period in five respects:

(i) Inaccurate identification of brokers participating in “mid-point peg transactions” (defined below);

(ii) Time stamp deficiencies;

(iii) Content discrepancies across OSI’s data feeds;

(iv) Dissemination of data to persons or companies prior to TMX IP; and

(v) Failing to fulfil the primary means to achieve the purpose of the Act.

19. While item (i), above, was corrected by OSI in June 2016, items (ii), (iii), (iv), and (v) are ongoing.

(i) Inaccurate identification of brokers participating in mid-point peg transactions

20. To meet Canadian regulatory requirements, a marketplace is required to provide “accurate and timely information regarding trades … to an information processor” (as set out in subsection 7.2(1) of NI 21-101), which includes properly identifying the buyer and seller broker IDs that were part of an execution. Paragraph 11.2(1)(d)(vi) of NI 21-101 requires all execution report details of orders to include “the identifier assigned to the marketplace participant on each side of the trade”.

21. In July 2013, OSI introduced a new order type that would allow investors to place “mid-point peg orders” on Omega ATS and Lynx ATS (a “mid-point peg order” is a dynamic hidden order which rests at the mid-point between the National Best Bid and Offer.).

22. During the Material Time, OSI’s Trading Platform systematically and repeatedly altered the data identifying the actual buyer and seller brokers for mid-point peg transactions. In particular, OSI reversed the buyer broker ID and the seller broker ID for mid-point transactions when the buyer was active (i.e. meaning the buyer’s order was matched with a previously entered sell order).

23. This misleading information was disseminated to TMX IP and the public via OSI’s ITCH Feed contrary to Part 7 of NI 21-101.

November 23, 2017 (2017), 40 OSCB 9327

Notices / News Releases

24. After being contacted by Staff during its investigation, OSI acknowledged that the company was aware of this reversal but believed that doing so was industry standard. After discussions with Staff, OSI admitted they had misinterpreted the way that the industry handled mid-point peg transactions.

25. This reversal of broker IDs occurred on over 65,000 mid-point peg transactions publicly disseminated by OSI via the ITCH Feed during the Material Time.

26. The error in more than 65,000 transactions had the effect of misleading members of the public. Market participants that reviewed OSI’s trade execution data for trading or regulatory purposes (e.g. retail investors, institutional traders, high- frequency proprietary firms, and dealers’ compliance) were factually misled as to the true identities of the parties to each side of the mid-point peg transactions reported by OSI, in breach of Parts 7 and 11 of NI 21-101.

27. After being notified by Staff of this error, OSI corrected their systems in June 2016. Since that time, messages regarding mid-point peg transactions disseminated by OSI for Omega ATS and Lynx ATS using the ITCH feed have reflected the accurate and proper buyer and seller brokers IDs.

(ii) Time stamp deficiencies

28. The proper recording and reporting of the time at which a message (i.e. order, order cancellation, order modification) is received by OSI from a market participant and the time at which two orders are matched (i.e. transactions, executions) by OSI’s Trading Platform is critical to the proper functioning and integrity of Ontario’s capital markets and ensuring market integrity.

29. OSI’s Trading Platform has resulted in three types of time stamp deficiencies, all of which are ongoing:

(a) Time stamp deficiencies for unmatched orders

(b) Time stamp deficiencies for matched orders; and

(a) Time stamp deficiencies for unmatched orders

30. Subsection 7.1(1) of NI 21-101 requires a marketplace to provide “accurate and timely information regarding orders … to an information processor”. Paragraph 11.2(1)(c)(xi) of NI 21-101 requires marketplaces to record “the date and time the order is first originated or received by the marketplace”.

31. OSI’s Trading Platform does not record the unique time at which incoming messages (i.e. orders, order cancellations, order modifications) are first received by OSI.

32. Instead, OSI’s Trading Platform subsequently creates a time stamp (or “time label”, as described by OSI) at the time when the OSI processes create the various OSI data feeds (i.e. the ITCH Feed, MRF Feed).

33. Because OSI operates more than one gateway and does not record the time an order is actually received by OSI, market participants and regulators cannot be certain that order priority (i.e., orders are matched in the priority in which they are received) is being maintained by Omega ATS and Lynx ATS. This creates concerns about the fairness of OSI’s marketplace operations, as OSI processes are creating data relating to orders after these orders are processed by OSI’s Matching Engine. This means that users of OSI’s order data, both the public and regulators, have for many years been provided with inaccurate and unreliable data by OSI. This data creation activity by OSI risks impairing market participants’ confidence in the fairness of Ontario’s capital markets, particularly since OSI continues to disseminate inaccurate data today.

34. The failure of OSI to record and safeguard data concerning the actual time of the receipt of orders makes it impossible for regulators to assess and monitor whether OSI is, in fact, maintaining investors’ order priority. By operating a Trading Platform in this way, and not maintaining mandated data, OSI is impeding effective regulatory oversight of its activities.

35. OSI failed and is failing to accurately capture and safeguard the actual time at which events occur, resulting in the dissemination of inaccurate information in breach of subsection 7.1(1) of NI 21-101 and the recording of inaccurate information in breach of paragraph 11.2(1)(c)(xi) of NI 21-101.

November 23, 2017 (2017), 40 OSCB 9328

Notices / News Releases

(b) Time stamp deficiencies for matched orders

36. Subsection 7.2(1) of NI 21-101 requires marketplaces to provide “accurate and timely information regarding trades”. Paragraph 11.2(1)(d)(iv) of NI 21-101 requires marketplaces to record “the date and time of the execution of the order”.

37. When a buy order is matched with a sell order on OSI’s marketplaces, the resulting “trade execution message” is timestamped by OSI’s Matching Engine with the time of the actual trade.

38. However, OSI has advised that it alters this actual time stamp for an executed trade.

39. During the time period commencing from as early as 2012 and through to present, when the data for an executed trade is sent by OSI’s Trading Platform to the ensuing internal processes that create OSI’s various feeds, the actual original time stamp is systematically erased by OSI’s Trading Platform and a new “time label”, purporting to represent the time of the executed trade, is created. This occurs when the executed trade message is processed by the ITCH and MRF Feeds for dissemination to TMX IP and the public and IIROC. In other words, OSI’s systems erases actual data and replaces that data with false time stamps which are then inaccurately recorded in OSI’s audit trail records. The alteration of records by OSI impedes the ability of regulators to monitor and oversee OSI’s operations, particularly since the actual data is being destroyed.

40. OSI does not erase and “time label” the original Matching Engine timestamp when its systems process data for dissemination on the FIX Feed. This means that recipients of data disseminated by OSI via the FIX Feed are the only persons to receive accurate data concerning executed trades during the Material Time. All other users of OSI’s data, both the public and regulators, receive information about executed trades that report a trade time that is later than when it actually occurred.

41. Investors are entitled to accurate and timely information as to when their trades are executed, and regulators rely on this information to discharge their enforcement and regulatory mandates. However, a market participant or regulator viewing the ITCH Feed and MRF Feed is misled as to the actual time that the transaction took place on Omega ATS and Lynx ATS.

42. OSI failed and is failing to accurately capture and safeguard the actual time at which trades occur, resulting in the dissemination of inaccurate information in breach of section 7.2 of NI 21-101 and the recording of inaccurate information in breach of paragraph 11.2(1)(d)(iv) of NI 21-101.

43. In addition to the two scenarios described above, where the same inaccurate time data is disseminated across the ITCH Feed and the MRF Feed, OSI’s Trading Platform also permits the same event to be assigned a different “time label” on the ITCH Feed and the MRF Feed.

44. In certain cases, due to errors in the feature used to synchronize the feeds, the internal clocks of the ITCH Feed and the MRF Feed are not synchronized. As a result, the “time label” that these processes stamp onto messages when processing data for dissemination onto the feeds is not always the same.

45. The variance between these timestamps across the feeds exceeds 50 milliseconds.

46. Investors are entitled to accurate information as to when their orders are received by a marketplace and when their trades are executed, and regulators rely on this information to discharge their enforcement and regulatory mandates.

47. OSI failed and is failing to accurately capture the time at which events (order, order cancellations, order modifications, trade executions) occur, resulting in the dissemination of inaccurate information, in breach of sections 7.1 and 7.2 of NI 21-101, and the recording of inaccurate information in breach of paragraphs 11.2 (1)(c)(xi) and (d)(iv) of NI 21-101.

48. Although OSI is aware that it is disseminating inaccurate information with respect to the time of trading activity of its market place, it has failed to correct this situation.

(iii) Content discrepancies across OSI’s data feeds

49. OSI disseminates the ITCH Feed of Omega ATS from two different and independent computer ports: “Port 4005” and “Port 4006”.

50. Given that market participants are able to receive and rely on the ITCH Feed from either computer Port when making trading decisions, it is important that the information disseminated from both Ports be identical.

November 23, 2017 (2017), 40 OSCB 9329

Notices / News Releases

51. However, from June 2013 through to June 2016, the information disseminated from OSI’s two computer Ports was not always identical.

52. Specifically, the number of messages (i.e. orders and transactions) disseminated via Port 4005 was not the same as the number of messages disseminated via Port 4006. As a result, market participants accessing the ITCH Feed from the port that did not include certain messages did not receive full information about trading activity on OSI’s ATSs and were prevented from making informed trading decisions.

53. Market participants that relied on Omega ATS’s direct data feed from one computer port versus the other computer port were misled as to the true trading activity conducted on Omega ATS, in breach of Part 7 and the recording of inaccurate information in breach of Part 11 of NI 21-101.

54. Also, the number of transactions disseminated on the MRF Feed was different from the number of transactions disseminated on either Port 4005 or 4006.

55. Incomplete and inaccurate data received via the MRF Feed compromises regulators’ ability to identify individuals engaged in manipulative or fraudulent activity.

(iv) Dissemination of data to certain subscribers prior to TMX IP

56. Subsections 7.1(3) and 7.2(2) of NI 21-101 require that a marketplace not make available information regarding orders or trades to any person or company prior to the marketplace providing that information to their information processor. This provision is designed to ensure equal access to trade information to all investors. OSI failed and continues to fail with this essential principle of market integrity.

57. The information processor for Omega ATS and Lynx ATS is TMX IP. TMX IP receives OSI’s ITCH Feed, consolidates it with feeds from other marketplaces, and disseminates the consolidated feed to market participants.

58. OSI’s Trading Platform allows for the dissemination of information regarding transactions to trade execution systems prior to OSI providing that information to TMX IP.

59. As described above, transactions are timestamped by OSI’s Matching Engine and passed to the ITCH Process, the MRF Process, and the FIX Process.

60. Also as noted above, the FIX Process preserves the original Matching Engine execution timestamp and disseminates the information on the FIX Feed. This information is sent to the four destinations described earlier, which includes each OSI subscriber’s trade execution system.

61. As described in more detail above, commencing as early as 2012 and through to present, the ITCH Process alters data in two ways prior to disseminating that data to TMX IP:

(i) Overwriting the timestamp from OSI’s Matching Engine with a “time label”; and

(ii) Reversing the buyer broker ID and the seller broker ID on more than 65,000 mid-point peg transactions.

62. These two alterations take time, and thus introduce latency into the dissemination of data on OSI’s ITCH Feed. Because OSI’s FIX Process does not engage in these alterations, the data on OSI’s FIX Feed can be disseminated without this latency.

63. As a result, data on OSI’s FIX Feed is being disseminated to certain persons prior to the same data being disseminated on OSI’s ITCH Feed to TMX IP, in breach of subsections 7.1(3) and 7.2(2) of NI 21-101.

64. Improper early access to market data, even measured in milliseconds, in today's markets is a real and substantial advantage that disproportionately disadvantages certain investors – particularly retail investors.

65. A delay in the dissemination of data on OSI’s ITCH Feed to TMX IP in contrast to the dissemination of data on OSI’s FIX Feed means that an investor relying on the consolidated feed from TMX IP makes a trading decision based on a stale picture of current market conditions.

66. Because OSI’s Trading Platform does not record and store all time data, Staff cannot determine the exact magnitude and frequency of errors involving the dissemination of data to certain subscribers prior to the TMX IP. OSI’s systems limitations and deficiencies in these regards impede effective monitoring and oversight by regulators.

November 23, 2017 (2017), 40 OSCB 9330

Notices / News Releases

(v) Failing to fulfil the primary means to achieve the purposes of the Act

67. The fundamental purposes of the Act, as defined in section 1.1, are:

(a) to provide protection to investors from unfair, improper or fraudulent practices; and

(b) to foster fair and efficient capital markets and confidence in capital markets.

68. Section 2.1 of the Act states that “The primary means for achieving the purposes of this Act” include “requirements for timely, accurate and efficient disclosure of information.”

69. As detailed above, OSI is failing to meet the “requirements for timely, accurate and efficient disclosure of information.” As a result, OSI is frustrating the fundamental purposes of the Act.

70. Regulators, including IIROC and the Commission, require “timely, accurate and efficient disclosure of information” in order to “provide protection to investors from unfair, improper or fraudulent practices.” OSI’s failure to meet its information transparency and audit trail requirements has meant that regulators are unable to properly protect investors.

71. The capital market requires “timely, accurate and efficient disclosure of information” in order to function in a fair and efficient manner. OSI’s failure to meet its information requirements has prevented the capital markets from operating in a fair and efficient manner.

72. Investors and other market participants require “timely, accurate and efficient disclosure of information” in order to have “confidence in capital markets.” OSI’s failure to meets its information requirements has harmed confidence in capital markets.

73. Any factor which puts into question accurate and timely information lessens the confidence of the investing public in the market and is, therefore, a matter of public concern.

C. BREACHES OF ONTARIO SECURITIES LAW AND CONDUCT CONTRARY TO THE PUBLIC INTEREST

Staff alleges the following breaches of Ontario securities law and conduct contrary to the public interest:

1. OSI captured and disseminated inaccurate post-trade information relating to mid-point peg transactions executed on Omega ATS and Lynx ATS, in breach of subsection 7.2(1) and paragraph 11.2(1)(d)(vi) of NI 21- 101;

2. OSI is failing to accurately capture and disseminate the date and time an order is first originated or received by Omega ATS and Lynx ATS, in breach of subsection 7.1(1) and paragraph 11.2(1)(c)(xi) of NI 21-101;

3. OSI is capturing and disseminating inaccurate post-trade information relating to trades for exchange-traded securities displayed by Omega ATS and Lynx ATS to the information processor as required by the information processor, in breach of subsection 7.2(1) and paragraph 11.2(1)(d)(vi) of NI 21-101;

4. OSI is making information available regarding trades on Omega ATS and Lynx ATS to a person or company prior to it making that information available to the information processor, in breach of subsection 7.2(2) of NI 21-101; and

5. OSI is engaged in conduct contrary to the public interest by failing to fulfill the primary means to achieve the purposes of the Act, as set out in sections 1.1 and 2.1 of the Act.

DATED at Toronto, November 16, 2017.

Keir Wilmut Litigation Counsel Enforcement Branch Tel: (416) 593-8243 Fax: (416) 204-8956 Lawyer for Staff of the Ontario Securities Commission

November 23, 2017 (2017), 40 OSCB 9331

Notices / News Releases

1.5 Notices from the Office of the Secretary 1.5.2 Sandpiper Real Estate Fund Limited Partnership et al. 1.5.1 Omega Securities Inc. FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE November 15, 2017 November 14, 2017 SANDPIPER REAL ESTATE FUND OMEGA SECURITIES INC., LIMITED PARTNERSHIP, File No. 2017-64 SANDPIPER OPPORTUNITY FUND 3 LIMITED PARTNERSHIP and TORONTO – The Office of the Secretary issued a Notice of SANDPIPER GP INC., Hearing setting the matter down to be heard on November File No. 2017-59 17, 2017 at 10:00 a.m. to consider whether the Commission should grant the Application filed by Staff of TORONTO – The Application dated October 19, 2017 the Commission, on November 13, 2017, to issue a made by the parties named above to review a decision of temporary order. the Toronto Stock Exchange dated October 16, 2017 has been withdrawn. A copy of the Notice of Hearing dated November 14, 2017 and the Application for a Temporary Order dated November A copy of the Notice of Withdrawal dated November 14, 13, 2017 are available at www.osc.gov.on.ca. 2017 is available at www.osc.gov.on.ca.

OFFICE OF THE SECRETARY OFFICE OF THE SECRETARY GRACE KNAKOWSKI GRACE KNAKOWSKI SECRETARY TO THE COMMISSION SECRETARY TO THE COMMISSION

For media inquiries: For media inquiries: [email protected] [email protected]

For investor inquiries: For investor inquiries:

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

November 23, 2017 (2017), 40 OSCB 9332

Notices / News Releases

1.5.3 Land and Buildings Investment Management, LLC

FOR IMMEDIATE RELEASE November 15, 2017

LAND AND BUILDINGS INVESTMENT MANAGEMENT, LLC., File No. 2017-65

TORONTO – On November 15, 2017, the Commission issued a Notice of Hearing pursuant to Sections 8 and 21.7 of the Securities Act, R.S.O. 1990, c. S.5 to consider the Application dated November 13, 2017 made by the party named above to review a decision of the Toronto Stock Exchange made on November 7, 2017.

The hearing set for the date and time indicated above is the first attendance in this proceeding, as described in subsection 6(1) of the Commission’s Practice Guideline.

The hearing will be held on November 15, 2017 at 1:30 p.m. at 20 Queen Street West, 22nd Floor, Toronto, Ontario.

A copy of the Notice of Hearing dated November 15, 2017 and the Application dated November 13, 2017 are available at www.osc.gov.on.ca.

OFFICE OF THE SECRETARY GRACE KNAKOWSKI SECRETARY TO THE COMMISSION

For media inquiries: [email protected]

For investor inquiries:

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

November 23, 2017 (2017), 40 OSCB 9333

Notices / News Releases

1.5.4 Benedict Cheng et al.

FOR IMMEDIATE RELEASE November 16, 2017

BENEDICT CHENG, FRANK SOAVE, JOHN DAVID ROTHSTEIN and ERIC TREMBLAY

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

1. Cheng’s motions in respect of a stay, to exclude evidence and relating to disclosure, and Staff’s cross- motions, if any, shall be heard on December 18, 19, 20 and 21, 2017, beginning at 10:00 a.m. on each scheduled day, or on such other dates as may be agreed to by the parties and set by the Office of the Secretary, and:

a. Staff shall serve and file its motion materials on every other party by no later than November 24, 2017; and,

b. Cheng shall serve and file any responding motion materials on every other party by no later than December 6, 2017;

2. Soave shall serve and file a list of the witnesses he intends to call on every other party and shall serve on every such party a summary of the evidence that each witness is expected to give, no later than November 29, 2017;

3. the Respondents shall provide to every other party the name of any expert witness they intend to call and a summary of the issues on which any expert will be giving evidence, no later than January 4, 2018;

4. the Respondents shall serve and file any report by an expert witness on every other party no later than January 30, 2018; and

5. the hearing on the merits shall be heard on April 16, 18, 19, 20, 23, 24, 25, 26, 27, and 30, and May 2, 3, and 4, 2018, commencing at 10:00 a.m. on each scheduled day, or on such other dates as may be agreed to by the parties and set by the Office of the Secretary.

A copy of the Order dated November 15, 2017 is available at www.osc.gov.on.ca.

OFFICE OF THE SECRETARY GRACE KNAKOWSKI SECRETARY TO THE COMMISSION

For media inquiries: [email protected]

For investor inquiries:

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

November 23, 2017 (2017), 40 OSCB 9334

Notices / News Releases

1.5.5 Omega Securities Inc. 1.5.6 Land and Buildings Investment Management, LLC FOR IMMEDIATE RELEASE November 16, 2017 FOR IMMEDIATE RELEASE November 16, 2017 OMEGA SECURITIES INC., File No. 2017-66 LAND AND BUILDINGS INVESTMENT MANAGEMENT, LLC., TORONTO – The Office of the Secretary issued a Notice of File No. 2017-65 Hearing on November 16, 2017 setting the matter down to be heard on November 17, 2017 at 10:00 a.m. or as soon TORONTO – The Commission issued an Order in the thereafter as the hearing can be held in the above named above named matter. matter. The hearing will be held at the offices of the Commission at 20 Queen Street West, 17th Floor, Toronto. A copy of the Order dated November 15, 2017 is available at www.osc.gov.on.ca. A copy of the Notice of Hearing dated November 16, 2017 and Statement of Allegations of Staff of the Ontario OFFICE OF THE SECRETARY Securities Commission dated November 16, 2017 are GRACE KNAKOWSKI available at www.osc.gov.on.ca. SECRETARY TO THE COMMISSION

OFFICE OF THE SECRETARY For media inquiries: GRACE KNAKOWSKI SECRETARY TO THE COMMISSION [email protected]

For media inquiries: For investor inquiries: [email protected] OSC Contact Centre 416-593-8314 For investor inquiries: 1-877-785-1555 (Toll Free)

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

November 23, 2017 (2017), 40 OSCB 9335

Notices / News Releases

1.5.7 Pro-Financial Asset Management Inc. et al. 1.5.8 Land and Buildings Investment Management, LLC FOR IMMEDIATE RELEASE November 17, 2017 FOR IMMEDIATE RELEASE November 17, 2017 PRO-FINANCIAL ASSET MANAGEMENT INC., STUART MCKINNON and LAND AND BUILDINGS JOHN FARRELL INVESTMENT MANAGEMENT, LLC., File No. 2017-65 TORONTO – The Commission issued an Order in the above named matter. TORONTO – The Commission issued an Order in the above named matter. A copy of the Order dated November 16, 2017 is available at www.osc.gov.on.ca. A copy of the Order dated November 17, 2017 is available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY GRACE KNAKOWSKI OFFICE OF THE SECRETARY SECRETARY TO THE COMMISSION GRACE KNAKOWSKI SECRETARY TO THE COMMISSION For media inquiries: For media inquiries: [email protected] [email protected] For investor inquiries: For investor inquiries: OSC Contact Centre 416-593-8314 OSC Contact Centre 1-877-785-1555 (Toll Free) 416-593-8314 1-877-785-1555 (Toll Free)

November 23, 2017 (2017), 40 OSCB 9336

Notices / News Releases

1.5.9 Omega Securities Inc. 1.5.10 Omega Securities Inc.

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE November 20, 2017 November 20, 2017

OMEGA SECURITIES INC., OMEGA SECURITIES INC., File No. 2017-64 File No. 2017-66

TORONTO – The Commission issued an Order in the TORONTO – The Commission issued an Order in the above named matter. above named matter.

A copy of the Order dated November 17, 2017 is available A copy of the Order dated November 17, 2017 is available at www.osc.gov.on.ca. at www.osc.gov.on.ca.

OFFICE OF THE SECRETARY OFFICE OF THE SECRETARY GRACE KNAKOWSKI GRACE KNAKOWSKI SECRETARY TO THE COMMISSION SECRETARY TO THE COMMISSION

For media inquiries: For media inquiries: [email protected] [email protected]

For investor inquiries: For investor inquiries:

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

November 23, 2017 (2017), 40 OSCB 9337

Notices / News Releases

1.5.11 Omega Securities Inc. 1.5.12 Omega Securities Inc.

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE November 21, 2017 November 21, 2017

OMEGA SECURITIES INC., OMEGA SECURITIES INC., File No. 2017-64 File No. 2017-66

TORONTO – The Commission issued an Order in the TORONTO – The Commission issued an Order in the above named matter. above named matter.

A copy of the Order dated November 20, 2017 is available A copy of the Order dated November 20, 2017 is available at www.osc.gov.on.ca. at www.osc.gov.on.ca.

OFFICE OF THE SECRETARY OFFICE OF THE SECRETARY GRACE KNAKOWSKI GRACE KNAKOWSKI SECRETARY TO THE COMMISSION SECRETARY TO THE COMMISSION For media inquiries: For media inquiries: [email protected] [email protected] For investor inquiries: For investor inquiries: OSC Contact Centre 416-593-8314 OSC Contact Centre 1-877-785-1555 (Toll Free) 416-593-8314 1-877-785-1555 (Toll Free)

November 23, 2017 (2017), 40 OSCB 9338

Chapter 2

Decisions, Orders and Rulings

2.1 Decisions

2.1.1 HNZ Group Inc.

Headnote

Dual application – Regulation 61-101 – Minority approval of a business combination transaction – Issuer with dual class share structure for Canadian Transportation Act compliance purposes – Both common shares and variable voting shares are listed – Application for relief from requirement to obtain separate minority approval for each class of shares – Both classes of securities are freely tradable – No difference of interest between holders of Common Shares and holders of Variable Voting Shares in connection with the Arrangement – Safeguards include independent committee, formal valuation, fairness opinion – Requiring a vote by class would give a de facto veto right to a very small group of shareholders.

Applicable Legislative Provisions

Securities Act (Québec), s. 263. Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions, ss. 4.5, 8.1, 9.1. Companion Policy to Regulation 61-101, s. 3.3.

[TRANSLATION]

November 17, 2017

IN THE MATTER OF THE SECURITIES LEGISLATION OF QUÉBEC AND ONTARIO (the “Jurisdictions”)

AND

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

AND

IN THE MATTER OF HNZ GROUP INC. (the “Filer”)

DECISION

Background

The securities regulatory authority or regulator in each of the Jurisdictions (each a “Decision Maker”) has received an application (the “Application”) from the Filer for a decision under the securities legislation of the Jurisdictions (the “Legislation”) for an exemption from the requirement that every class of affected securities vote as a separate class for the purpose of obtaining minority approval (the “Class Voting Requirement”), as set out in Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions (“Regulation 61-101”) in connection with the business combination which would result from the proposed Arrangement (as defined below), and that instead minority approval of the Arrangement be obtained from all of the outstanding Shares (as defined below) voting together as a single class (the “Exemption Sought”).

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

(a) the Autorité des marchés financiers (“AMF”) is the principal regulator for this Application;

November 23, 2017 (2017), 40 OSCB 9339

Decisions, Orders and Rulings

(b) the Filer has provided notice that Subsection 4.7(1) of Regulation 11-102 respecting Passport System (“Regulation 11-102”) is intended to be relied upon by the Filer in Alberta, Manitoba and New Brunswick; and

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

Interpretation

Terms defined in Regulation 14-101 respecting Definitions, Regulation 11-102 and Regulation 61-101 have the same meaning if used in this decision, unless otherwise defined.

Representations

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

1. The Filer is a corporation governed by the Canada Business Corporations Act.

2. The head office and registered office of the Filer are located at 1215 montée Pilon, Les Cèdres, Québec.

3. The Filer is a reporting issuer in all the jurisdictions of Canada and is not in default of any requirement of the securities legislation in the jurisdictions in which it is a reporting issuer.

4. The Filer is the largest helicopter operator in Canada and is one of the largest helicopter providers in the world.

5. As a licensed operator, the Filer is subject to the requirements of the Canada Transportation Act (“CTA”). The CTA requires that any person operating a “domestic service” (as defined in the CTA), as the Filer does, be controlled by Canadians (as defined in the CTA), in that at least 75% of a licensed service provider’s voting interests be owned and controlled by Canadians, such that non-Canadians cannot hold or control more than 25% of the voting interests in a licensed service provider.

6. The authorized share capital of the Filer is comprised of an unlimited number of variable voting shares (the “Variable Voting Shares”), an unlimited number of common shares (the “Common Shares”, and, together with the Variable Voting Shares, the “Shares”) and an unlimited number of preferred shares issuable in series. To the knowledge of the Filer, based on searches conducted as of September 30, 2017, 11,893,377 Common Shares and 1,066,988 Variable Voting Shares are outstanding. No preferred shares are outstanding.

7. To the knowledge of the Filer, based on searches conducted as of September 30, 2017, Variable Voting Shares constitute approximately 8.23% of the aggregate issued and outstanding Shares.

8. The Common Shares may only be beneficially owned and controlled, directly or indirectly, by Canadians. An outstanding Common Share is converted into one Variable Voting Share, automatically and without any further act of the Filer or the holder, if such Common Share becomes beneficially owned or controlled, directly or indirectly, otherwise than by way of security only, by a person who is not a Canadian.

9. The Variable Voting Shares may only be beneficially owned or controlled, directly or indirectly, by persons who are not Canadians. An outstanding Variable Voting Share is converted into one Common Share, automatically and without any further act of the Filer or the holder, if such Variable Voting Share becomes beneficially owned and controlled, directly or indirectly, otherwise than by way of security only, by a Canadian.

10. The Filer’s articles provide that each Common Share confers the right to one vote and each Variable Voting Share confers the right to one vote unless: (i) the number of Variable Voting Shares outstanding, as a percentage of the total number of issued and outstanding Shares, exceeds 25% (or any higher percentage that the Governor in Council may by regulation specify), or (ii) the total number of votes cast by or on behalf of holders of Variable Voting Shares at any meeting exceeds 25% (or any higher percentage that the Governor in Council may by regulation specify) of the total number of votes that may be cast at such meeting. If either of the above noted thresholds would otherwise be surpassed at any time, the vote attached to each Variable Voting Share decreases automatically and proportionately such that: (i) the Variable Voting Shares as a class do not carry more than 25% (or any higher percentage that the Governor in Council may by regulation specify) of the aggregate votes attached to all issued and outstanding Shares and (ii) the total number of votes cast by or on behalf of holders of Variable Voting Shares at any meeting of shareholders do not exceed 25% (or any higher percentage that the Governor in Council may by regulation specify) of the votes cast at such meeting.

November 23, 2017 (2017), 40 OSCB 9340

Decisions, Orders and Rulings

11. The adjustments to the votes of the Variable Voting Shares in the Filer’s articles are solely to ensure compliance with the requirements of the CTA.

12. Other than the differences in voting rights stated above, the terms of the Variable Voting Shares and the Common Shares are substantially identical in all other respects, including the right to receive dividends if any, and the right to receive the property and assets of the Filer in the event of dissolution, liquidation, or winding up of the Filer.

13. The Variable Voting Shares are not considered “restricted voting securities” for the purposes of Regulation 51-102 respecting Continuous Disclosure Obligations and Regulation 41-101 respecting General Prospectus Requirements, or “restricted voting shares” under OSC Rule 56-501 – Restricted Shares.

14. On April 29, 2016, the Filer obtained a decision from the AMF and the securities regulatory authorities in the other jurisdictions of Canada, which allows for the Shares to be considered as a single class, instead of on a class-by-class basis, for the purposes of certain early warning reporting, take-over bid and continuous disclosure requirements (the “AMF Decision”).

The Arrangement

15. On October 30, 2017, the Filer, 2075568 Alberta ULC (“207 Alberta”), Mr. Don E. Wall and PHI, Inc. entered into an arrangement agreement pursuant to which, by way of a statutory plan of arrangement under Section 192 of the Canada Business Corporations Act, among other things, Mr. Don E. Wall, the President and Chief Executive Officer of the Filer, will, through 207 Alberta, a beneficially wholly-owned subsidiary, acquire all of the issued and outstanding Shares for CAD$18.70 per share in cash (the “Arrangement”).

16. The Arrangement is subject to Regulation 61-101 and in particular to Part 8 thereof, which requires, among other things, that minority approval be obtained from the holders of every class of affected securities of the Filer, in each case voting separately as a class.

17. To the knowledge of the Filer, Mr. Don E. Wall holds directly or indirectly 521,438 Common Shares, representing approximately 4.38% of the outstanding Common Shares and based on searches as of September 30, 2017, 4.02% of the outstanding Shares.

18. Each of the Common Shares and the Variable Voting Shares represent a class of affected securities under the Arrangement.

19. Subject to the interim order of the Superior Court of Quebec to be obtained in connection with the Arrangement, the approval threshold for the Arrangement will be, in addition to the minority approval required under Regulation 61-101, 66 ?% of the votes cast by holders of Shares present in person or represented by proxy at the special meeting of shareholders of the Filer to be held to approve the Arrangement (the “Meeting”) voting together as a single class, since the Filer has determined that the Common Shares and the Variable Voting Shares are not affected by the Arrangement in a different manner.

20. The Arrangement is subject to a number of mechanisms to ensure that the interests of each holder of Common Shares or Variable Voting Shares are protected, including, among other things:

a) A special committee composed entirely of independent directors of the Filer (the “Special Committee”) was formed to, among other things, consider and evaluate the Arrangement. The Special Committee, after having consulted with independent financial and legal advisors, unanimously determined that the Arrangement is in the best interests of the Filer and is fair to the Filer’s shareholders and recommended to the Filer’s board of directors that it approve the Arrangement.

b) The Meeting will be called to consider and, if deemed advisable, approve the Arrangement, and subject to the interim order of the Superior Court of Québec in connection with the Arrangement and the Exemption Sought being granted, the approval threshold for the Arrangement will be (i) 66 ⅔% of the votes cast by holders of Shares present in person or represented by proxy at the Meeting, and (ii) a majority of votes cast by disinterested holders of Shares present in person or represented by proxy at the Meeting voting together as a single class;

c) Subject to the interim order of the Superior Court of Québec in connection with the Arrangement, all holders of Shares will be granted rights of dissent in connection with the Arrangement, and all such holders will have the right to appear and make submissions at the hearing of the application for the final order of the Superior Court of Québec;

November 23, 2017 (2017), 40 OSCB 9341

Decisions, Orders and Rulings

d) The preparation and delivery of an information circular (the “Information Circular”) prepared in accordance with the applicable securities regulations (including Regulation 61-101) in order to provide the necessary information allowing holders of Shares to make an informed decision on the Arrangement;

e) In accordance with Regulation 61-101, the preparation and delivery of a formal valuation prepared by an independent valuator selected and supervised by the Special Committee to be included in the Information Circular; and

f) The delivery of a fairness opinion prepared by the independent valuator;

(collectively, the “Safeguard Measures”).

21. There is commonality of interest among the Variable Voting Shares and the Common Shares of the Filer, as they have identical economic attributes and are each entitled to one vote per share, except as described above where, in order to comply with the regulatory requirements of the CTA, the voting rights attached to Variable Voting Shares are prorated down to the extent non-Canadians hold, beneficially own or control more than 25% of the voting interests in the Filer at any time or at any shareholder meeting. The Shares are listed on the Toronto Stock Exchange (the “TSX”) under a single ticker symbol and trade at the same price on the TSX.

22. An investor does not control or choose which class of Shares it acquires and holds. There are no unique features of either class of Shares which an existing or potential investor can choose to acquire, exercise or dispose of; the class ultimately available to it is a function of the investor’s Canadian or non-Canadian status only. Moreover, if after having acquired shares a holder’s Canadian/non-Canadian status changes, the shares will convert accordingly and automatically, without formality or regard to any other consideration.

23. Shareholders of the Filer other than Mr. Don E. Wall and his affiliates (“Disinterested Shareholders”) hold, to the knowledge of the Filer, based on searches conducted as of September 30, 2017, approximately 11,371,939 Common Shares representing approximately 95.62% of the Common Shares. Disinterested Shareholders hold, to the knowledge of the Filer, all of the Variable Voting Shares. To the knowledge of the Filer, the Disinterested Shareholders’ voting rights represent in the aggregate approximately 95.98% of the voting rights of the Filer.

24. Absent the granting of the Exemption Sought, the holders of 50% of the Variable Voting Shares outstanding (being, to the knowledge of the Filer based on searches conducted as of September 30, 2017, 533,494 Variable Voting Shares), would have the ability to veto the Arrangement while representing a minimal minority position (only 4.12% of the Shares).

25. The policy objectives of Regulation 61-101 are not served by imposing the Class Voting Requirement in the context of obtaining minority approval of the Arrangement because the Variable Voting Shares and the Common Shares represent, in substance (including economically), a single class of common shares whose terms are only designed to ensure that it complies continuously with foreign ownership rules. The Class Voting Requirement is therefore not necessary to ensure the fair treatment of minority security holders in the context of the Arrangement.

26. To the best of the knowledge of the Filer, there is no reason to believe that any shareholders of the Filer of any particular class would not approve the Arrangement.

27. The Filer will comply with all the requirements of Regulation 61-101 in connection with the Arrangement, other than the requirement to hold a separate vote by class in connection with obtaining minority approval.

28. The Filer is of the view that the various Safeguard Measures ensure that the public interest is well protected.

29. The Filer is of the view that granting the Exemption Sought will not be detrimental or otherwise affect the protection afforded to shareholders.

Decision

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

The decision of the Decision Makers under the Legislation is that the Exemption Sought is granted provided that the Safeguard Measures are implemented and remain in place as described herein.

“Lucy J. Roy” Directrice principale du financement des sociétés Autorité des marchés financiers

November 23, 2017 (2017), 40 OSCB 9342

Decisions, Orders and Rulings

2.1.2 Invesco Canada Ltd.

Headnote

National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – Relief from the requirement in s. 3.2.01 of NI 81-101 to deliver a fund facts document to investors who purchase mutual fund securities of a high net worth series pursuant to switches from a regular retail series upon meeting certain eligibility requirements based on the amount of the investor’s investments – High net worth series securities are identical to regular retail series securities except that the high net worth series have lower combined management and administration fees – Investment fund manager initiating switches on behalf of investors when their investments satisfy eligibility requirements of high net worth series – Switches between series of a fund triggering a distribution of securities attracting the requirement to deliver a fund facts – Relief granted from requirement to deliver a fund facts to investors for purchases of high net worth series securities made pursuant to such switches subject to compliance with certain notification and prospectus/fund facts disclosure requirements – National Instrument 81-101 Mutual Fund Prospectus Disclosure.

Applicable Legislative Provisions

National Instrument 81-101 Mutual Fund Prospectus Disclosure, ss. 3.2.01, 6.1.

November 3, 2017

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 INVESCO CANADA LTD. (the Filer and the Representative Dealer)

DECISION

Background

The principal regulator in the Jurisdiction has received an application (the Application) from the Filer and the Representative Dealer for a decision under the securities legislation of the Jurisdiction of the principal regulator (the Legislation) for an exemption from the requirement in the Legislation for a dealer who trades in securities of the Funds (as defined below) to deliver or send the most recently filed fund facts document (Fund Facts) in the manner as required under the Legislation (the Pre-sale Fund Facts Delivery Requirement) in respect of the purchases of Private Investor Series (as defined below) securities of the Funds that are made pursuant to Lower Fee Switches (as defined below) (the Exemption Sought).

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

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

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

Interpretation

Terms defined in NI 81-102, National Instrument 14-101 Definitions, and MI 11-102 have the same meaning if used in this decision, unless otherwise defined.

November 23, 2017 (2017), 40 OSCB 9343

Decisions, Orders and Rulings

Representations

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

The Filer

1. The Filer is a corporation amalgamated under the laws of Ontario with its head office in Toronto, Ontario.

2. The Filer is an indirect wholly-owned subsidiary of Invesco, Ltd., a global investment manager.

3. The Filer is registered as an investment fund manager, portfolio manager, mutual fund dealer, exempt market dealer and commodity trading manager in Ontario and as an investment fund manager and mutual fund dealer in Quebec. The Filer is registered as portfolio manager and exempt market dealer in the rest of the Jurisdictions, as well as a mutual fund dealer in Alberta, British Columbia, Nova Scotia and Prince Edward Island and as an investment fund manager in Newfoundland and Labrador.

4. The Filer is the investment fund manager of the mutual funds (the Existing Funds), each of which is subject to the requirements of National Instrument 81-102 Investment Funds (NI 81-102). The Filer may in the future become the manager of additional funds that are subject to the requirements of NI 81-102 (the Future Funds, and together with the Existing Funds, the Funds and, individually a Fund).

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

The Representative Dealer

6. Securities of the Funds are, or will be, distributed through dealers who may or may not be affiliated with the Filer, including the Representative Dealer. Each of these dealers is, or will be, registered as a dealer in one or more of the provinces and territories of Canada.

7. The Representative Dealer is registered as a mutual fund dealer in Alberta, British Columbia, Nova Scotia, Ontario, Prince Edward Island and Quebec.

8. The Representative Dealer is not in default of securities legislation in any of the Jurisdictions.

The Funds

9. Each Fund is, or will be, an open-end mutual fund trust created under the laws of the Province of Ontario or an open- end mutual fund that is a class of shares of a mutual fund corporation.

10. Each Fund is, or will be, a reporting issuer under the laws of the Jurisdictions. The securities of the Funds have, are, or will be, qualified for distribution pursuant to a simplified prospectus, Fund Facts and annual information form that have been, or will be, prepared and filed in accordance with National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101).

11. The units and shares of the Funds are referred to herein, collectively, as Securities. The Securities of the Existing Funds are currently offered under simplified prospectus, Fund Facts and annual information form dated July 28, 2017.

12. The Funds currently offer up to 35 series of Securities, including Series A, P, F, PF, T4, PT4, T6, PT6, T8, PT8, F4, PF4, F6, PF6, F8, PF8, H, PH, FH and PFH. The Filer may offer additional series in the future.

13. Series P, PF, PT4, PT6, PT8, PF4, PF6, PF8, PH, PFH and any future applicable private investor series Securities (the “Private Investor Series”) of the Funds have or will have lower combined management and advisory fees than Series A, F, T4, T6, T8, F4, F6, F8, H, FH and any future applicable retail investor series Securities (the “Retail Investor Series”) and are or will be only available to investors who have invested at least $100,000 in one series of a Fund or $100,000 across a group of eligible investments.

14. The Existing Funds are not in default of securities legislation in any of the Jurisdictions.

Lower Fee Switches

15. Subject to receiving the Exemption Sought, the Filer is planning to implement a program effective November 6, 2017 (the “Implementation Date”) whereby investors holding Retail Investor Series of a Fund will automatically be switched into the corresponding Private Investor Series of the same Fund, if the investor meets certain eligibility criteria, if the corresponding Private Investor Series is offered by that Fund and if the dealer through which the investor purchased

November 23, 2017 (2017), 40 OSCB 9344

Decisions, Orders and Rulings

the Securities (the “Dealer”) has not opted out of the program, subject to certain exceptions outlined in paragraph 19 below.

16. To qualify for automatic switching into Private Investor Series, investors must (a) hold an account with $100,000 or more invested in the Securities of a Fund or Funds, or (b) hold multiple accounts, which together have $100,000 or more invested in Securities of a Fund or Funds, if the accounts are held with the same Dealer, or (c) hold an account or accounts that is or are part of a “financial/household group”, if accounts in the financial/household group together have $100,000 or more invested in Securities of a Fund or Funds (all together, these are the “Eligibility Criteria”).

17. Once an investor has met the Eligibility Criteria, and unless the Dealer has opted out of the Lower Fee Switches (please refer to paragraph 30 below), the Filer will automatically switch the investor’s Retail Investor Series into the corresponding Private Investor Series (if offered by the Fund), as long as the investor continues to meet the Eligibility Criteria, without the Dealer or investor having to initiate the trade (the “Lower Fee Switches”). The Lower Fee Switches will be carried out on the first day that the Toronto Stock Exchange is open for trading (a “Canadian Business Day”) of the month following when the investor first met the Eligibility Criteria, or on the first Canadian Business Day of the month following the investor’s additional purchase of Retail Investor Series after meeting the Eligibility Criteria.

18. The Private Investor Series P, PF, PT4, PT6, PT8, PF4, PF6, PF8, PH and PFH correspond to the Retail Investor Series A, F, T4, T6, T8, F4, F6, F8, H, and FH, respectively.

19. Series H and FH will not be automatically switched pursuant to a Lower Fee Switch unless the Filer has been informed by the Dealer that these Securities are held inside certain types of savings plans registered with the Canada Revenue Agency. For the purposes of this exclusion, the savings plans include Registered Retirement Savings Plans, Registered Retirement Income Funds, Life Income Funds, Locked-in Retirement Accounts, Prescribed Retirement Income Funds, Locked-in Retirement Savings Accounts, Registered Disability Savings Plans, Registered Education Savings Plans, Tax-Free Savings Accounts, Restricted Locked-in Registered Retirement Savings Plans, Restricted Life Income Funds and deferred profit sharing plans (each a “Registered Plan”, together “Registered Plans”). Due to the way the Funds are structured and recent tax legislation changes, any switches in and out of Series H and FH, including switches to or from another series of the same Fund, would result in a taxable disposition for the investor unless the Securities are held within a Registered Plan. Therefore, to help investors avoid potentially unintended taxable dispositions, the Filer will not switch their Series H and FH pursuant to a Lower Fee Switch unless these Securities are held within a Registered Plan.

20. An investor will typically become eligible for investment in the Private Investor Series by purchasing additional Securities or due to an increase in the value of their investments above the Eligibility Criteria.

21. Once an account has qualified for the Private Investor Series, the account will continue to enjoy the benefit of lower fees associated with the applicable Private Investor Series, even if fund performance reduces the account value below the Eligibility Criteria, unless the investor completes a redemption of their Securities, which reduces the higher of either the market value or the original subscription value of the remaining investments (the higher of the two being the “Eligible Account Value”) below the Eligibility Criteria.

22. Following a Lower Fee Switch, an investor’s account will continue to hold Securities in the same Fund(s) as before the Lower Fee Switch, with the only difference to the investor being that the combined management and advisory fees charged for the Private Investor Series would be lower than those charged for Retail Investor Series.

23. The Filer will monitor whether an investor meets, or continues to meet, the Eligibility Criteria as of the last Canadian business day of each week. In addition, the Filer will monitor whether an investor, who has met the Eligibility Criteria, has made any new investments in Retail Investor Series, as of the last Canadian Business Day of each week. The Lower Fee Switches, however, will be carried out on the first Canadian Business Day of each following month in accordance with the timelines set out in paragraphs 15 and 16 above. By monitoring for eligibility for Lower Fee Switches on a weekly basis, there is a greater likelihood that investors who meet the Eligibility Criteria during the month due to market appreciation will receive the benefit of a Lower Fee Switch than if monitoring was done only at month end in the event that the market appreciation is nullified prior to month end. For example, if an investor first meets the Eligibility Criteria during the first week of a month, the investor’s Retail Investor Series will be switched into the corresponding Private Investor Series at the beginning of the following month, and any decreases in Eligible Account Value due to market depreciation alone will not make the investor ineligible for a Lower Fee Switch.

24. There are no sales charges, switch fees or other fees payable by the investor upon a Lower Fee Switch.

25. Each Lower Fee Switch will entail a conversion of the Retail Investor Series into the corresponding Private Investor Series of the same Fund and will be a “distribution” under securities legislation in Ontario, which triggers the Pre-Sale Fund Facts Delivery Requirement.

November 23, 2017 (2017), 40 OSCB 9345

Decisions, Orders and Rulings

26. Pursuant to the Pre-Sale Fund Facts Delivery Requirement, a Dealer is required to deliver the Fund Facts of a series of a Fund to an investor before the Dealer accepts an instruction from the investor for the purchase of Securities of that series of the Fund.

27. If the Requested Relief is granted, the Fund Facts will not be delivered to investors in connection with a Lower Fee Switch.

28. While the Filer will initiate each trade done as part of a Lower Fee Switch, the Filer does not propose to deliver the Fund Facts to investors in connection with each Lower Fee Switch for the following reasons:

(a) at no time will an account that qualifies for Private Investor Series pay combined management and advisory fees at a rate higher than the rate of the combined management and advisory fees of the Retail Investor Series for which it initially subscribed; and

(b) since Retail Investor Series securityholders would have received a simplified prospectus or Fund Facts disclosing the higher level of fees which applied to the Retail Investor Series for which they initially subscribed, the investor would derive little benefit from receiving a further Fund Facts document for each Lower Fee Switch.

29. The Filer will deliver or arrange for the delivery of trade confirmations to investors in connection with each Lower Fee Switch. Details of the change in the series of Securities held will be reflected in the account statements sent to investors for the quarter in which the change occurred.

30. During consultation with Dealers about the implementation of the Lower Fee Switches, the Filer has received requests from some Dealers for an option to opt-out of the Lower Fee Switches. To accommodate these Dealers, the Filer will allow them to opt-out of the Lower Fee Switches by signing an opt-out agreement.

31. The Filer will disclose (a) the eligibility requirements and the management and advisory fees applicable to the Retail Investor Series and the Private Investor Series in the simplified prospectus of the Funds, and (b) a summary of the eligibility requirements, the management and advisory fees or the management expense ratios, as applicable, and the fee discounts applicable to the Private Investor Series in the Retail Investor Series Fund Facts of the Funds.

32. The Filer will communicate extensively with Dealers about the Lower Fee Switches so that Dealers will be well prepared to appropriately notify existing Retail Investor Series investors of the changes applying to their Retail Investor Series investments and appropriately advise new Retail Investor Series investors about the Lower Fee Switches.

33. In the absence of the Exemption Sought, the Filer cannot carry out the Lower Fee Switches without compliance with the Pre-Sale Fund Facts Delivery Requirement.

Decision

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

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

1. For investors invested in Retail Investor Series prior to the Implementation Date of the Lower Fee Switches, the Filer will liaise with the relevant Dealers to devise a notification plan for such investors regarding the Lower Fee Switches that addresses the following:

(a) that their investment may be switched to a Private Investor Series with lower fees upon meeting the applicable Eligibility Criteria;

(b) that other than a difference in fees, there is no difference between the Retail Investor Series and the Private Investor Series;

(c) that if they cease to meet the Eligibility Criteria for Private Investor Series, their investment may be switched into a series with higher management and advisory fees which will not exceed the Retail Investor Series fees; and

(d) that they will not receive the Fund Facts in connection with a Lower Fee Switch, but that

(i) they may request the Fund Facts for the relevant series by calling a specified toll-free number or by sending a request via email to a specified address;

November 23, 2017 (2017), 40 OSCB 9346

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(ii) the Fund Facts will be sent or delivered to them at no cost;

(iii) the Fund Facts may be found either on the SEDAR website or on the Filer’s website; and

(iv) they will not have the right to withdraw from an agreement of purchase and sale (a Withdrawal Right) in connection with a Lower Fee Switch, but they will have the right of action for damages or rescission in the event any Fund Facts or document incorporated by reference into a simplified prospectus for the relevant series contains a misrepresentation, whether or not they request the Fund Facts.

2. The Filer expects to file an amendment to the simplified prospectus of the Existing Funds to announce the implementation of the program. The amendment will disclose, for the purposes of the Lower Fee Switches, that:

(a) the Eligibility Criteria for both the Retail Investor Series and the Private Investor Series,

(b) the management and advisory fees applicable to investments in both the Retail Investor Series and the Private Investor Series,

(c) that in the event an investor ceases to meet the Eligibility Criteria, their investment may be switched into the corresponding Retail Investor Series with a higher management and advisory fee, which will not exceed the applicable Retail Investor Series fees.

3. The Filer proposes to amend the Fund Facts for the Retail Investor Series to

(a) disclose a summary of the Eligibility Criteria and the discount in the combined management and advisory fee applicable to the corresponding Private Investor Series,

(b) disclose that after a Lower Fee Switch, the investor’s investment in the Private Investor Series may be switched into the corresponding Retail Investor Series of the same Fund, with a higher management and advisory fee, which will not exceed the applicable Retail Investor Series fees, and

4. For Retail Investor Series investors, the Filer will send these investors an annual reminder notice advising that they will not receive the Fund Facts for the Private Investor Series in connection with a Lower Fee Switch, but that

(a) they may request the Fund Facts for the relevant series by calling a specified toll-free number or by sending a request via email to a specified address;

(b) the Fund Facts will be sent or delivered to them at no cost;

(d) they will not have a Withdrawal Right in respect of the Securities they receive in connection with a Lower Fee Switch, but they will have a right of action for damages or rescission in the event any Fund Facts or document incorporated by reference into a simplified prospectus for the relevant series contains a misrepresentation, whether or not they request the Fund Facts.

5. The Filer provides to the Principal Regulator, on an annual basis, beginning 60 days after the date upon which the Exemption Sought is first relied upon by a Dealer, either:

(a) a current list of all such Dealers that are relying on the Exemption Sought; or

(b) an update to the list of all such Dealers or confirmation that there has been no change to such list; and

(c) prior to a Dealer relying on this Decision, the Filer provides to the Dealer a disclosure statement informing the Dealer of the implications of this Decision.

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

November 23, 2017 (2017), 40 OSCB 9347

Decisions, Orders and Rulings

2.2 Orders

2.2.1 Benedict Cheng et al.

IN THE MATTER OF BENEDICT CHENG, FRANK SOAVE, JOHN DAVID ROTHSTEIN AND ERIC TREMBLAY

Janet Leiper, Chair of the Panel

November 15, 2017

ORDER

WHEREAS on November 15, 2017, the Ontario Securities Commission held a hearing at the offices of the Commission, located at 20 Queen Street West, 17th Floor, Toronto, Ontario;

ON HEARING the submissions of the representatives for Staff of the Commission (Staff) and Benedict Cheng, Frank Soave and Eric Tremblay (the Respondents), with no one appearing for John David Rothstein, having settled the allegations against him in respect of this proceeding;

IT IS ORDERED THAT:

1. Cheng’s motions in respect of a stay, to exclude evidence and relating to disclosure, and Staff’s cross-motions, if any, shall be heard on December 18, 19, 20 and 21, 2017, beginning at 10:00 a.m. on each scheduled day, or on such other dates as may be agreed to by the parties and set by the Office of the Secretary, and:

a. Staff shall serve and file its motion materials on every other party by no later than November 24, 2017; and,

b. Cheng shall serve and file any responding motion materials on every other party by no later than December 6, 2017;

4. the Respondents shall serve and file any report by an expert witness on every other party no later than January 30, 2018; and

“Janet Leiper”

November 23, 2017 (2017), 40 OSCB 9348

Decisions, Orders and Rulings

2.2.2 Land and Buildings Investment Management, LLC – ss. 8, 21.7

File No. 2017-65

IN THE MATTER OF LAND AND BUILDINGS INVESTMENT MANAGEMENT, LLC

D. Grant Vingoe, Vice-Chair and Chair of the Panel

November 15, 2017

ORDER (Sections 8 and 21.7 of the Securities Act, RSO 1990, c S.5)

WHEREAS on November 15, 2017, the Ontario Securities Commission held a hearing at the offices of the Commission, located at 20 Queen Street West, 17th Floor, Toronto, Ontario, for the first attendance in this Application for Hearing and Review of a decision of the Toronto Stock Exchange (the “TSX”) made on or about November 7, 2017, which decision conditionally approved the issuance and reservation of commons shares of Hudson’s Bay Company (the “TSX Decision”);

ON HEARING the submissions of the representatives for Land and Buildings Investment Management, LLC (the “Applicant”), the TSX, Hudson’s Bay Company (“HBC”), and Staff of the Commission (“Staff”) and considering HBC’s undertaking not to close the issuance of the Preferred Shares, as defined in the Applicant’s Notice of Application in this proceeding, dated November 13, 2017, on or before November 22, 2017;

IT IS ORDERED THAT:

1. By no later than November 20, 2017, the TSX shall serve and file the TSX record of original proceeding for the TSX Decision;

2. By no later than 12:00 p.m. on Friday, November 17, 2017, the Applicant shall serve and file materials for its motion seeking a stay of the TSX Decision, subject to the Applicant’s ability to file by 12:00 pm on Tuesday, November 21, 2017 supplemental materials addressing matters in the TSX record of original proceeding not previously known to the Applicant;

3. By no later than Monday, November 20, 2017, responding materials shall be served and filed for the motion seeking a stay of the TSX Decision;

4. By no later than 5:00 pm on Tuesday, November 21, 2017, Staff's submissions shall be served and filed for the motion seeking a stay of the TSX Decision;

5. The Applicant’s motion seeking a stay of the TSX Decision shall be heard on November 22, 2017, commencing at 8:30 a.m., or such other date as may be agreed to by the parties and set by the Office of the Secretary;

6. By no later than November 23, 2017, the Applicant shall serve and file the Applicant’s full record, including a memorandum of fact and law, any sworn affidavits being relied upon, and notice of any intention call a witness or to rely on documents or things not included in the TSX record of original proceeding;

7. By no later than November 27, 2017, responding materials for the Application shall be served and filed by any parties other than the Applicant, including a memorandum of fact and law, any sworn affidavits being relied upon, and notice of any intention to call a witness or rely on documents or things not included in the TSX record of original proceeding;

8. By no later than November 28, 2017, the Applicant shall serve and file any reply materials;

9. By no later than November 28, 2017, Staff's submissions shall be served and filed; and

10. The hearing of the Application for Hearing and Review, including the request for relief pursuant to Section 127 (1) of the Act, shall commence on November 29 at 10:00 a.m. and shall continue on November 30 at 10:00 a.m. and December 1, 2017 at 9:00 a.m., or such other dates as may be agreed to by the parties and set by the Office of the Secretary.

“D. Grant Vingoe”

November 23, 2017 (2017), 40 OSCB 9349

Decisions, Orders and Rulings

2.2.3 Pro-Financial Asset Management Inc. et al. – s. 2.2.4 Land and Buildings Investment Management, 9(1)(b) of the SPPA LLC

IN THE MATTER OF File No. 2017-65 PRO-FINANCIAL ASSET MANAGEMENT INC., STUART MCKINNON and IN THE MATTER OF JOHN FARRELL LAND AND BUILDINGS INVESTMENT MANAGEMENT, LLC AnneMarie Ryan, Commissioner and Chair of the Panel Janet Leiper, Commissioner D. Grant Vingoe, Vice-Chair and Chair of the Panel Timothy Moseley, Commissioner November 17, 2017 November 16, 2017 ORDER ORDER (Subsection 9(1)(b) of WHEREAS on November 15, 2017, the Ontario the Statutory Powers Procedure Act, RSO 1990, c. S.22) Securities Commission issued an order scheduling, among other things, a motion of Land and Buildings Investment WHEREAS on November 16, 2017, the Ontario Management, LLC (the “Applicant”) for a stay of a decision Securities Commission (the Commission) held a hearing of the Toronto Stock Exchange (the “TSX”) made on or which was scheduled to address sanctions and costs at the about November 7, 2017, which decision conditionally offices of the Commission, located at 20 Queen Street approved the issuance and reservation of common shares West, 17th Floor, Toronto, Ontario and dealt with two of Hudson’s Bay Company (“HBC”) (the “TSX Decision”); preliminary motions brought by Mr. McKinnon and Pro- Financial Asset Management Inc. (the Respondents) to ON READING a letter from the representatives for hold a portion of the sanctions and costs hearing in the HBC dated November 16, 2017, indicating that HBC and absence of the public, pursuant to subsection 9(1)(b) of the Fabric Luxembourg Holdings S.a r.I., an affiliate of Rhone Statutory Powers Procedure Act, RSO 1990, c. S.22, and Capital (“Rhone”) have agreed that they will not close the to adjourn the sanctions and costs hearing; issuance of the Preferred Shares, as defined in the Applicant’s Notice of Application in this proceeding, before ON READING the materials filed by Staff of the the earlier of: (a) December 4, 2017, and (b) the conclusion Commission (Staff) and counsel for the Respondents, and of the Hearing and Review relating to the TSX Decision, on hearing the oral submissions of Staff and counsel for the which agreement is without prejudice to the position of Respondents; HBC and Rhone with respect to the merits of any stay application, and on reading the consent of the Applicant, IT IS ORDERED THAT: which consent is without prejudice to any right the Applicant may have to seek a stay at another time; 1. The Respondents’ motion to hold a portion of the sanctions and costs hearing in IT IS ORDERED THAT the Applicant’s motion for the absence of the public is dismissed; a stay of the TSX Decision scheduled on November 22, and 2017 is vacated.

2. The Respondents’ request for an “D. Grant Vingoe” adjournment is granted, and the sanctions and costs hearing shall commence on Wednesday, January 10, 2018 at 10:00 a.m.

“AnneMarie Ryan”

“Janet Leiper”

“Timothy Moseley”

November 23, 2017 (2017), 40 OSCB 9350

Decisions, Orders and Rulings

2.2.5 Flaherty & Crumrine Incorporated and Brompton Funds Limited – ss. 78(1) and 80 of the CFA

Headnote

Section 80 of the Commodity Futures Act (Ontario) (the CFA) – Relief from the adviser registration requirement of paragraph 22(1)(b) of the CFA granted to 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.

Subsection 78(1) of the Commodity Futures Act (Ontario) – Order also revokes prior order of the Commission dated November 16, 2012, In the Matter of Flaherty & Crumrine Incorporated, that expires on November 20, 2017.

Applicable Legislative Provisions

Commodity Futures Act, R.S.O. 1990, c. C.20, as am., ss. 1(1), 22(1)(b), 78(1), 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.

Applicable Orders

In the Matter of Flaherty & Crumrine Incorporated, dated November 16, 2012, (2012) 35 OSCB 10680. In the Matter of Flaherty & Crumrine Incorporated, dated November 20, 2007, (2007) 30 OSCB 9696. In the Matter of Flaherty & Crumrine Incorporated, dated November 23, 2004, (2005) 28 OSCB 674.

IN THE MATTER OF THE COMMODITY FUTURES ACT, R.S.O. 1990, CHAPTER C.20, AS AMENDED (the CFA)

AND

IN THE MATTER OF FLAHERTY & CRUMRINE INCORPORATED AND BROMPTON FUNDS LIMITED

ORDER (Subsection 78(1) and Section 80 of the CFA)

UPON the application (the Application) of Flaherty & Crumrine Incorporated (Flaherty & Crumrine or the Sub- Adviser) and Brompton Funds Limited (the Principal Adviser) to the Ontario Securities Commission (the Commission) for an order:

(a) pursuant to subsection 78(1) of the CFA, revoking the exemption order granted by the Commission to Flaherty & Crumrine on November 16, 2012 (the Prior Order); and

(b) pursuant to section 80 of the CFA, that Flaherty & Crumrine and any individuals engaging in, or holding themselves out as engaging in, the business of advising others when acting on behalf of Flaherty & Crumrine 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 advice provided for the benefit of the Fund (as defined below) regarding commodity futures contracts and commodity futures options (collectively, the Contracts) traded on commodity futures exchanges and cleared through clearing corporations;

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

AND UPON the Sub-Adviser and the Principal Adviser having represented to the Commission that:

1. Flaherty & Crumrine Investment Grade Fixed Income Fund (the Fund) is an investment trust established under the laws of Alberta pursuant to a declaration of trust. The Fund was established for the purpose of holding an actively managed portfolio consisting primarily of various corporate debt securities and hybrid preferred securities of North

November 23, 2017 (2017), 40 OSCB 9351

Decisions, Orders and Rulings

American issuers (the Fixed Income Portfolio). At the time of purchase, all of the securities held in the Fixed Income Portfolio are required to be rated investment grade. The Fund is a reporting issuer under securities legislation.

2. The Fund will not purchase or sell commodities or Contracts except that the Fund may purchase and sell financial futures contracts and related options as part of its hedging strategies. Substantially all of the Fixed Income Portfolio will be hedged to the Canadian dollar at all times.

3. The Principal Adviser is the principal investment adviser to the Fund (including acting as a commodity trading manager in respect of the Fund) and its head office is located in Toronto, Ontario. The Principal Adviser is registered in Ontario under the CFA as an adviser in the category of commodity trading manager, and under the Securities Act (Ontario) (the OSA) as an investment fund manager, an adviser in the category of portfolio manager and a dealer in the category of exempt market dealer. The Principal Adviser is also registered as an investment fund manager in Quebec and Newfoundland and Labrador.

4. Flaherty & Crumrine provides investment advisory and portfolio management services for the benefit of the Fund with respect to both the Fixed Income Portfolio and certain of the hedging strategies of the Fund.

5. Flaherty & Crumrine is a corporation headquartered in Pasadena, California and specializes in the active management of preferred shares, hybrid preferred securities and debt instruments for institutional investors and publicly traded closed-end funds. Flaherty & Crumrine is not resident in any province or territory of Canada.

6. Flaherty & Crumrine is registered with the U.S. Securities and Exchange Commission as an investment adviser under the Investment Advisers Act of 1940, as amended, and with the U.S. Commodity Futures Trading Commission as a commodity trading adviser. Flaherty & Crumrine is a member of the U.S. National Futures Association.

7. Accordingly, Flaherty & Crumrine is registered in a category of registration, or operates under an exemption from registration, under the commodity futures or other applicable securities or derivatives 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. As such, Flaherty & Crumrine is authorized and permitted to carry on the Sub-Advisory Services (as defined below) in the jurisdiction in which its head office or principal place of business is located.

8. Flaherty & Crumrine 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.

9. In respect of its securities related investment advisory and portfolio management services for the benefit of the Fund, Flaherty & Crumrine and its Representatives rely on the exemption from the requirement to register as an adviser under the OSA set out in section 8.26.1 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103), which provides (among other things) that an international sub-adviser is exempt from the OSA adviser registration requirement on terms specified in that section. Flaherty & Crumrine is not registered in any capacity under the CFA, the OSA, or the securities, commodity futures or derivatives legislation of any other jurisdiction of Canada, and Flaherty & Crumrine does not intend to seek such registration.

10. The Principal Adviser and Flaherty & Crumrine are not in default of securities legislation, commodity futures legislation or derivatives legislation in any jurisdiction of Canada. Flaherty & Crumrine is in compliance in all material respects with the securities laws, commodity futures laws and derivatives laws in the jurisdiction in which its head office or principal place of business is located.

11. In connection with the Principal Adviser acting as adviser to the Fund in respect of the purchase or sale of Contracts, the Principal Adviser has retained Flaherty & Crumrine to act as a sub-adviser to the Principal Adviser in respect of Contracts (among other things) in which Flaherty & Crumrine 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 Fund, including discretionary authority to buy or sell Contracts for the Fund (the Sub-Advisory Services), provided that:

(a) in each case, the Contracts are cleared through an “acceptable clearing corporation” (as defined in National Instrument 81-102 Investment Funds, or any successor thereto (NI 81-102)) or a clearing corporation that clears and settles transactions made on a futures exchange listed in Appendix A of NI 81-102; and

(b) such investments are consistent with the investment objectives and strategies of the Fund.

November 23, 2017 (2017), 40 OSCB 9352

Decisions, Orders and Rulings

12. 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 a partner or an officer of a registered adviser and is acting on behalf of such registered adviser.

13. By providing the Sub-Advisory Services, Flaherty & Crumrine and the 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 requested relief, would be required to register as an adviser under the CFA.

14. 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 that is provided under section 8.26.1 of NI 31-103.

15. Flaherty & Crumrine will only provide the Sub-Advisory Services as long as the Principal Adviser is, and remains, registered under the CFA as an adviser in the category of commodity trading manager.

16. The relationship among the Principal Adviser, Flaherty & Crumrine and the Fund is consistent with the requirements of the exemption from the adviser registration requirement in section 8.26.1 of NI 31-103, namely that:

(a) the obligations and duties of Flaherty & Crumrine are set out in a written agreement with the Principal Adviser; and

(b) the Principal Adviser has entered into a written agreement with the Fund on whose behalf investment advice is or portfolio management services are being provided, agreeing to be responsible to the Fund for any loss that arises as a result of Flaherty & Crumrine or its Representatives failing to:

(i) exercise their powers and discharge the duties of their office honestly, in good faith and in the best interests of the Principal Adviser and the Fund, or

(ii) exercise the degree of care, diligence and skill that a reasonably prudent person would exercise in the circumstances (together with (i), the Assumed Obligations).

17. The written agreement between the Principal Adviser, Flaherty & Crumrine and the Fund sets out the obligations and duties of each party in connection with the Sub-Advisory Services and permits 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 (both as relates to securities and as relates to Contracts).

18. The Principal Adviser will deliver to the Fund all applicable reports and statements required under applicable securities, commodity futures and derivatives legislation.

19. The continuous disclosure documents of the Fund, which are required to be filed under National Instrument 81-106 Investment Fund Continuous Disclosure or any other securities, commodity futures or derivatives legislation in Canada, (the Disclosure Documents) shall include the following disclosure in the Fund’s annual information form (the Required Disclosure):

(a) a statement that the Principal Adviser is responsible for any loss that arises out of the failure of Flaherty & Crumrine to meet the Assumed Obligations; and

(b) a statement that there may be difficulty in enforcing any legal rights against Flaherty & Crumrine (or any of its Representatives) because Flaherty & Crumrine is resident outside of Canada and all or a substantial portion of its assets are situated outside of Canada.

20. Ontario investors in the Fund will be able to access the Required Disclosure in the Fund’s annual information form on the System for Electronic Analysis and Retrieval (SEDAR).

21. Flaherty & Crumrine obtained substantially similar relief in the Prior Order (as well as in similar relief previously obtained in 2004 and 2007), pursuant to which Flaherty & Crumrine provided Sub-Advisory Services to the Principal Adviser in respect of the Fund.

22. The pending expiry of the Prior Order, pursuant to the terms of the Prior Order, has triggered the need for the requested Order.

November 23, 2017 (2017), 40 OSCB 9353

Decisions, Orders and Rulings

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 subsection 78(1) of the CFA, that the Prior Order is revoked;

AND IT IS FURTHER 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;

(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 the Fund agreeing to be responsible for any loss that arises out of the failure of the Sub-Adviser to meet the Assumed Obligations;

(g) the Disclosure Documents of the Fund will include the Required Disclosure; and

(h) each Ontario investor in the Fund will be able to access the Required Disclosure in the Fund’s annual information form on SEDAR;

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 any Sub-Adviser to act as a sub-adviser to the Principal Adviser in respect of the Sub-Advisory Services; and

DATED at Toronto, Ontario, this 17th day of November, 2017

“Deborah Leckman” “Mark J. Sandler” Commissioner Commissioner Ontario Securities Commission Ontario Securities Commission

November 23, 2017 (2017), 40 OSCB 9354

Decisions, Orders and Rulings

2.2.6 Timbercreek U.S. Multi-Residential Opportunity Fund #1

Headnote

National Policy 11-206 Process for Cease to be a Reporting Issuer Applications – issuer deemed to no longer be a reporting issuer under applicable securities legislation – issuer is a limited partnership that was established for a fixed period – issuer is in the process of winding up – issuer has ceased all commercial activity and will be dissolved after the liquidation process is complete – issuer will distribute to its unitholders all of its remaining assets – news release issued to notify unitholders of liquidation and dissolution – news release issued to notify unitholders of application to cease to be a reporting issuer and that issuer will no longer consent to transfers of its units – issuer has more than 50 securityholders worldwide and more than 15 securityholders in Canada.

Applicable Legislative Provisions

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

November 17, 2017

IN THE MATTER OF THE SECURITIES LEGISLATION OF ONTARIO (the Jurisdiction)

AND

IN THE MATTER OF THE PROCESS FOR CEASE TO BE A REPORTING ISSUER APPLICATIONS

AND

IN THE MATTER OF TIMBERCREEK U.S. MULTI-RESIDENTIAL OPPORTUNITY FUND #1 (the Filer)

ORDER

Background

The principal regulator in the Jurisdiction has received an application (the Application) from the Filer for an order under the securities legislation of the Jurisdiction of the principal regulator (the Legislation) that the Filer has ceased to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer (the Order Sought).

Under the Process for Cease to be a Reporting Issuer Applications (for a passport application):

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

(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, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Yukon, Northwest Territories 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.

Representations

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

1. The Filer is a limited partnership governed by the laws of the Province of Ontario that was formed on August 30, 2012.

November 23, 2017 (2017), 40 OSCB 9355

Decisions, Orders and Rulings

2. The Filer is governed by an amended and restated limited partnership agreement dated October 25, 2012 (the Partnership Agreement).

3. The Filer is a reporting issuer in each of the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Yukon, Northwest Territories and Nunavut (the Jurisdictions).

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

5. The Filer’s head office and registered office is 25 Price St., Toronto, ON, M4W 1Z1.

6. The interests in the Filer consist of three classes of units, described and designated as “Class A Units”, “Class B Units” and “Class C Units”.

7. CST Trust Company (CST) is the registrar and transfer agent of the Filer.

8. CST has advised the Filer that there are currently an aggregate of 3,345,096 Class A Units outstanding held by 767 Unitholders, 66,500 Class B Units outstanding held by 22 Unitholders and 2,736,275 Class C Units outstanding held by 55 Unitholders.

9. The Filer has never been an OTC reporting issuer under Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets.

10. The Filer’s securities have never been traded in Canada or another country on a marketplace or any other facility for bringing together buyers and sellers of securities where trading data is publicly reported.

11. Pursuant to Section 2.6 of the Partnership Agreement, the Filer is to be dissolved and terminated promptly following the final sale of its portfolio assets and the distribution of funds in connection therewith.

12. On March 13, 2017, the Filer announced that, having completed the disposition of all portfolio assets and having paid out a special distribution to its unitholders (Unitholders) in connection therewith, the manager of the Filer would initiate the process required to wind-up (the Wind-up) the Filer, which may include a modest final distribution of any cash that remains in the Filer upon completion of the Wind-up process. The Wind-up process was commenced by the manager of the Filer shortly thereafter.

13. On October 17, 2017, the Filer issued a news release advising its unitholders (i) of its intention to file the Application on or about the date hereof, (ii) of the anticipated date of the final distribution, if any, and the Wind-up, (iii) of the reasons for the Application, and (iv) that, in connection with the Application, the Filer has agreed with the OSC that it will no longer consent to transfers of its securities.

14. The Filer has provided an undertaking to the securities regulatory authority or regulator in each of the Jurisdictions that:

(a) as soon as practicable following the decision that the Filer is no longer a reporting issuer, it will issue a news release advising Unitholders:

(i) that it has ceased to be a reporting issuer; and

(ii) of details regarding the anticipated date of the final distribution, if any, and the Wind-up;

(b) if it has not dissolved on or before June 30, 2018, it will, on or about that date and thereafter on a quarterly basis until the Wind-up, issue a news release updating Unitholders on the anticipated date of the final distribution, if any, and the Wind-up;

(c) as soon as practicable after the time of the Wind-up, the Filer will issue a news release confirming the Wind- up; and

(d) the Filer will notify the securities regulatory authority or regulator in each of the Jurisdictions at any time before its dissolution if:

(i) it commences an active business or any commercial operations;

(ii) it proposes to undertake a public or private offering of securities in any jurisdiction; or

November 23, 2017 (2017), 40 OSCB 9356

Decisions, Orders and Rulings

(iii) its term is extended by special resolution of its Unitholders in accordance with Section 2.6 of the Partnership Agreement.

15. The Filer’s sole material asset consists of a potential tax refund from the Internal Revenue Service of the United States to which the Filer and its taxation advisors have reasonably determined that the Filer is entitled, and which refund shall be for the benefit of the Filer’s Unitholders upon receipt thereof.

16. The Filer has ceased carrying on business other than for the purpose of effecting the Wind-up. Once determined, any final distribution to Unitholders will be effected in accordance with the terms of the Partnership Agreement, the Wind-up will be completed, and the Filer will be terminated.

17. Pursuant to Section 7.2 of the Partnership Agreement, the Filer is restricted from raising capital or from making any further investments.

18. Pursuant to Section 8.9 of the Partnership Agreement, Unitholders may not sell, transfer or assign their units without the prior written consent of the Filer’s general partner, which consent may not be unreasonably withheld, unless any such sale, transfer or other disposition is to one of their wholly-owned affiliates that remains wholly-owned by the applicable Unitholder for the term of the Partnership Agreement. The Filer has agreed with the OSC that it will no longer consent to transfers of its securities.

19. The Filer does not expect that there will be any activities of the Filer that will require the approval of the Unitholders, which would necessitate continuous disclosure to obtain such approval.

20. The Filer, upon the granting of the Order Sought, will no longer be a reporting issuer in any jurisdiction in Canada.

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.

“Deborah Leckman” “Mark J. Sandler” Commissioner Commissioner Ontario Securities Commission Ontario Securities Commission

November 23, 2017 (2017), 40 OSCB 9357

Decisions, Orders and Rulings

2.2.7 Omega Securities Inc. 2.2.8 Omega Securities Inc.

File No.: 2017-64 File No.: 2017-66

IN THE MATTER OF IN THE MATTER OF OMEGA SECURITIES INC. OMEGA SECURITIES INC.

Mark J. Sandler, Commissioner and Chair of the Panel Mark J. Sandler, Commissioner and Chair of the Panel AnneMarie Ryan, Commissioner AnneMarie Ryan, Commissioner Deborah Leckman, Commissioner Deborah Leckman, Commissioner

November 17, 2017 November 17, 2017

ORDER ORDER

WHEREAS on November 17, 2017, the Ontario WHEREAS on November 17, 2017, the Ontario Securities Commission held a hearing at the offices of the Securities Commission held a hearing at the offices of the Commission, located at 20 Queen Street West, 17th Floor, Commission, located at 20 Queen Street West, 17th Floor, Toronto, Ontario, to consider an application by Staff of the Toronto, Ontario, to consider the first appearance in Commission for a temporary order; respect of the Notice of Hearing issued on November 16, 2017; IT IS ORDERED THAT the hearing of Staff’s application is adjourned and shall continue on November IT IS ORDERED THAT the first appearance is 20, 2017 at 4:30 p.m. adjourned and shall continue on November 20, 2017 at 4:30 p.m. “Mark J. Sandler” “Mark J. Sandler” “AnneMarie Ryan” “AnneMarie Ryan” “Deborah Leckman” “Deborah Leckman”

November 23, 2017 (2017), 40 OSCB 9358

Decisions, Orders and Rulings

2.2.9 Jiminex Inc. – s. 144 tions”). The Applicant is not a reporting issuer in any other jurisdiction in Canada. Headnote 4. The Applicant’s authorized capital consists of an Application by an issuer for a revocation of a cease trade unlimited number of common shares (the order issued by the Commission – cease trade order “Common Shares”). As at the date hereof, there issued because the issuer had failed to file certain annual were 47,152,912 Common Shares issued and continuous disclosure materials required by Ontario outstanding. securities law – defaults subsequently remedied by bringing continuous disclosure filings up-to-date – issuer 5. There are no Common Shares reserved for gave an undertaking to hold an annual meeting within three issuance pursuant to outstanding convertible months of the revocation order and to not complete a securities. reverse takeover with a company located outside of Canada without filing a prospectus with securities 6. Other than the Common Shares, the Applicant regulatory authorities – cease trade order revoked. has no securities (including debt securities) issued and outstanding. Statutes Cited 7. The Applicant is a junior mining exploration Securities Act, R.S.O. 1990, c. S.5, as am., ss. 127, 144. company focused on gold.

IN THE MATTER OF 8. The Ontario Cease Trade Order was issued THE SECURITIES ACT, against the Applicant for failure to file its audited R.S.O. 1990, c. S.5, AS AMENDED annual financial statements, the related manage- (the “Act”) ment’s discussion and analysis and certifications of annual filings as required by National AND Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings (“NI 52-109”) IN THE MATTER OF JIMINEX INC. for the year ended October 31, 2013 (collectively, the “2013 Annual Filings”). ORDER (Section 144 of the Act) 9. The Applicant is also subject to (i) a cease trade order dated March 12, 2014 (the “BC Cease WHEREAS the securities of Jiminex Inc. (the Trade Order”) issued by the BCSC, and (ii) a “Applicant”) are subject to a cease trade order dated cease trade order dated June 24, 2014 (the March 25, 2014 issued by the Director of the Ontario “Alberta Cease Trade Order”) issued by the Securities Commission (the “Commission”) pursuant to Alberta Securities Commission (the “ASC”) paragraph 2 of subsection 127(1) and subsection 127(5) of (together with the Ontario Cease Trade Order, the the Act (the “Ontario Cease Trade Order”) directing that Alberta Cease Trade Order and the BC Cease trading in securities of the Applicant cease, whether direct Trade Order, the “Cease Trade Orders”) for or indirect, until the order is revoked by the Director; failure to file the 2013 Annual Filings. The Applicant has concurrently applied to the BCSC AND WHEREAS the Ontario Cease Trade Order and the ASC for orders for revocation of the BC was made on the basis that the Applicant was in default of Cease Trade Order and the Alberta Cease Trade certain filing requirements under Ontario securities law as Order. described in the Ontario Cease Trade Order; 10. The Applicant is not subject to a cease trade order AND WHEREAS the Applicant has applied to the issued by the Securities Division of the Financial Commission pursuant to section 144 of the Act to revoke and Consumer Affairs Authority of Saskatchewan, the Ontario Cease Trade Order (the “Application”); but is nonetheless in default of Saskatchewan securities legislation as a result of its failure to file AND UPON the Applicant having represented to the 2013 Annual Filings and subsequent the Commission that: continuous disclosure documentation (the “Saskatchewan Default”). 1. The Applicant was incorporated under the federal laws of Canada on August 1, 2007. 11. The Applicant’s Common Shares are listed for trading on the NEX Board under the symbol “JIM” 2. The Applicant’s registered office is located in but trading in such securities was halted because Toronto, Ontario. The Applicant’s principal regu- of the Cease Trade Orders. The Applicant’s lator is the Commission. securities are not listed or quoted on any other exchange or market in Canada or elsewhere. 3. The Applicant is a reporting issuer in the provinces of Ontario, British Columbia, Saskatch- 12. Since the issuance of the Ontario Cease Trade ewan, and Alberta (the “Reporting Jurisdic- Order, the Applicant has filed the following con-

November 23, 2017 (2017), 40 OSCB 9359

Decisions, Orders and Rulings

tinuous disclosure documents with the Reporting pursuant to National Instrument 52-110 – Audit Jurisdictions: Committees.

(a) the 2013 Annual Filings; 19. The Applicant has provided a written undertaking to securities regulatory authorities that (i) it will (b) Form 13-502F1 – Class 1 Reporting hold an annual meeting of shareholders within Issuer – Participation Fee for the years three months of the date on which the Ontario ended October 31, 2013, 2014, 2015 and Cease Trade Order is revoked; and (ii) it will not 2016 (the “Participation Fees”); complete a restructuring transaction or significant acquisition involving, directly or indirectly, an (c) the audited annual financial statements, existing or proposed, material underlying business the related management’s discussion which is not located in Canada nor will it complete and analysis and certifications of annual a reverse takeover with a reverse takeover filings as required by NI 52-109 for the acquirer that has a direct or indirect, existing or years ended October 31, 2014, 2015 and proposed, material underlying business which is 2016 (the “Additional Annual Filings”); not located in Canada without filing and obtaining and a receipt, from the Director, for a prospectus including the information required for a probable (d) the interim financial statements for the restructuring transaction, reverse takeover or periods ended January 31, 2017, April significant acquisition (as applicable) together with 30, 2017 and July 31, 2017, manage- the documents required under Part 9 of National ment's discussion and analysis relating to Instrument 41-101 General Prospectus Require- the interim financial statements and the ments. certification of the foregoing interim filings as required by NI 52-109 (the “Interim 20. The Applicant has filed the Filings and as such Filings”) (collectively, the 2013 Annual has filed all outstanding continuous disclosure Filings, the Participation Fees, Additional documents that are required to be filed in the Annual Filings and Interim Filings are the Reporting Jurisdictions. “Filings”). 21. Other than the Cease Trade Orders, the Applicant 13. As of the date hereof, the Applicant has paid all has not previously been subject to a cease trade outstanding activity, participation and late filing order issued by any securities regulatory authority. fees that are required to be paid. 22. The Applicant is not considering, nor is it involved 14. The Applicant (i) is not in default of any require- in any discussions relating to a reverse take-over, ments under applicable securities legislation or merger, amalgamation or other form of the rules and regulations made pursuant thereto in combination or transaction similar to any of the any of the Reporting Jurisdictions, except for the foregoing. existence of the Cease Trade Orders, the Saskatchewan Default and that it has not held its 23. To the knowledge of the directors and officers of annual general shareholders meeting for 2014, the Applicant, no shareholder of the Applicant 2015 and 2016. beneficially owns, directly or indirectly, or exercises control or direction over Common 15. The Applicant is not in default of any of its Shares carrying more than 10% of the voting obligations under the Ontario Cease Trade Order. rights attaching to the Common Shares of the Applicant, with the exception of Canada Bai Heng 16. Since the issuance of the Cease Trade Orders, Group Ltd., which owns, directly or indirectly, or there have been no material changes in the exercises control or direction over 6,725,000 business, operations or affairs of the Applicant Common Shares, which constitute 14.3% of the which have not been disclosed by news release issued and outstanding Common Shares. and/or material change report and filed on SEDAR. 24. Upon the revocation of the Cease Trade Orders the Applicant will issue a news release and 17. The Applicant’s SEDAR issuer profile and SEDI concurrently file a material change report on issuer profile supplement are current and SEDAR announcing the revocation of the Ontario accurate. Cease Trade Order and outlining the Applicant’s future plans. 18. Upon revocation of the Ontario Cease Trade Order, the audit committee of the Applicant will be AND UPON considering the application and the comprised of Navjit Dhaliwal (director and CFO), recommendation of the staff of the Commission; Allan Willy (director) and Yves Caron (director). Mr. Dhaliwal is considered not to be independent

November 23, 2017 (2017), 40 OSCB 9360

Decisions, Orders and Rulings

AND UPON the Director being satisfied that it 2.2.10 Omega Securities Inc. would not be prejudicial to the public interest to revoke the Ontario Cease Trade Order; File No.: 2017-64

IT IS ORDERED pursuant to section 144 of the IN THE MATTER OF Act that the Ontario Cease Trade Order is revoked. OMEGA SECURITIES INC.

DATED at Toronto on this 17th day of November, Mark J. Sandler, Commissioner and Chair of the Panel 2017. AnneMarie Ryan, Commissioner Deborah Leckman, Commissioner “Michael Balter” Manager, Corporate Finance November 20, 2017 Ontario Securities Commission ORDER

WHEREAS on November 17 and 20, 2017, the Ontario Securities Commission held a hearing at the offices of the Commission, located at 20 Queen Street West, 17th Floor, Toronto, Ontario, to consider an application by Staff of the Commission for a temporary order;

IT IS ORDERED THAT the hearing of Staff’s application is adjourned and shall continue on November 21, 2017 at 3:00 p.m.

“Mark J. Sandler”

“AnneMarie Ryan”

“Deborah Leckman”

November 23, 2017 (2017), 40 OSCB 9361

Decisions, Orders and Rulings

2.2.11 Omega Securities Inc.

File No.: 2017-66

IN THE MATTER OF OMEGA SECURITIES INC.

Mark J. Sandler, Commissioner and Chair of the Panel AnneMarie Ryan, Commissioner Deborah Leckman, Commissioner

November 20, 2017

ORDER

WHEREAS on November 20, 2017, the Ontario Securities Commission held a hearing at the offices of the Commission, located at 20 Queen Street West, 17th Floor, Toronto, Ontario, to consider the first appearance in respect of the Notice of Hearing issued on November 16, 2017;

IT IS ORDERED THAT the first appearance is adjourned and shall continue on November 21, 2017 at 3:00 p.m.

“Mark J. Sandler”

“AnneMarie Ryan”

“Deborah Leckman”

November 23, 2017 (2017), 40 OSCB 9362

Chapter 4

Cease Trading Orders

4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders

Company Name Date of Date of Date of Date of Temporary Order Hearing Permanent Order Lapse/Revoke

Jiminex Inc. 12 March 2014 24 March 2014 25 March 2014 17 November 2017

Failure to File Cease Trade Orders

Company Name Date of Order Date of Revocation

Banro Corporation 20 November 2017

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

Company Name Date of Order or Date of Date of Date of Date of Temporary Order Hearing Permanent Order Lapse/ Expire Issuer Temporary Order

Performance Sports 19 October 2016 31 October 2016 31 October 2016 Group Ltd.

Company Name Date of Order Date of Lapse

Katanga Mining Limited 15 August 2017 Canada House Wellness Group Inc. 13 September 2017

November 23, 2017 (2017), 40 OSCB 9363

Cease Trading Orders

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November 23, 2017 (2017), 40 OSCB 9364

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.

November 23, 2017 (2017), 40 OSCB 9365

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed 49 North Resources Inc. Common Shares Davidson, Andrew 4, 5 14/11/2017 51 0.07 275,588 250,000 49 North Resources Inc. Options Davidson, Andrew 4, 5 14/11/2017 51 0.07 855,000 -250,000 49 North Resources Inc. Common Shares MacNeill, Tom 3, 4, 7, 5 14/11/2017 51 0.07 3,594,590 300,000 49 North Resources Inc. Options MacNeill, Tom 3, 4, 7, 5 14/11/2017 51 0.07 980,000 -300,000 5N Plus Inc. Deferred Share Bertrand, Luc 4 10/11/2017 56 3.02 135,871 8,278 Units/Unités d'action reportées 5N Plus Inc. Deferred Share BOURASSA, JEAN-MARIE 4 10/11/2017 56 3.02 246,930 8,493 Units/Unités d'action reportées 5N Plus Inc. Deferred Share Le Prohon, Nathalie 4 10/11/2017 56 3.02 166,737 10,232 Units/Unités d'action reportées 5N Plus Inc. Deferred Share S. Hwang, Jennie 4 10/11/2017 56 3.02 177,517 7,748 Units/Unités d'action reportées 5N Plus Inc. Deferred Share T. Fahey, James 4 10/11/2017 56 3.02 177,517 7,748 Units/Unités d'action reportées Abacus Mining & Exploration Common Shares Anderson, Paul Gordon 5 06/11/2017 00 55,000 Corporation Abacus Mining & Exploration Options Anderson, Paul Gordon 5 06/11/2017 00 66,666 Corporation Abacus Mining & Exploration Warrants Anderson, Paul Gordon 5 06/11/2017 00 25,000 Corporation ABcann Global Corporation Options Easson, John Langley 4 15/11/2017 50 1.16 65,833 15,833 ABcann Global Corporation Options KRAMP, DARYL 4 15/11/2017 50 1.16 65,833 15,833 ABcann Global Corporation Options Lucas, Paul 4 15/11/2017 50 1.16 332,500 82,500 Abitibi Royalties Inc. Common Shares Ball, Ian 4, 5 13/11/2017 10 8.25 24,750 200 Abitibi Royalties Inc. Common Shares Ball, Ian 4, 5 14/11/2017 10 8 25,150 400 Abitibi Royalties Inc. Common Shares Ball, Ian 4, 5 14/11/2017 10 8.1 25,250 100 Abitibi Royalties Inc. Common Shares Ball, Ian 4, 5 14/11/2017 10 8.15 25,350 100 Abitibi Royalties Inc. Common Shares Ball, Ian 4, 5 16/11/2017 10 8.1 25,450 100 Abitibi Royalties Inc. Common Shares Mariage, Frank 4 10/11/2017 11 8.3 1,454 400 Abitibi Royalties Inc. Common Shares Zinke, Jens 4 10/11/2017 51 0.55 32,422 800 Abitibi Royalties Inc. Common Shares Zinke, Jens 4 10/11/2017 11 8.3 32,022 -400 Abitibi Royalties Inc. Options Zinke, Jens 4 10/11/2017 51 127,700 -800 Accord Financial Corp. Common Shares Hitzig, Simon Jonathan 4 14/11/2017 10 9.1 184,400 1,300 Acerus Pharmaceuticals Options Bryson, Nathan John 5 09/11/2017 50 0.12 2,385,000 500,000 Corporation (formerly Trimel Pharmaceuticals Corporation) Acerus Pharmaceuticals Common Shares Mainville, Luc 4, 5 09/11/2017 10 0.125 2,695,000 500,000 Corporation (formerly Trimel Pharmaceuticals Corporation) Acerus Pharmaceuticals Common Shares Mainville, Luc 4, 5 09/11/2017 10 0.12 2,708,500 13,500 Corporation (formerly Trimel Pharmaceuticals Corporation) Acerus Pharmaceuticals Common Shares Mainville, Luc 4, 5 10/11/2017 10 0.13 2,848,000 139,500 Corporation (formerly Trimel Pharmaceuticals Corporation) Acerus Pharmaceuticals Common Shares Mainville, Luc 4, 5 10/11/2017 10 0.135 2,945,000 97,000 Corporation (formerly Trimel Pharmaceuticals Corporation) Acerus Pharmaceuticals Options Mainville, Luc 4, 5 09/11/2017 50 0.12 800,000 500,000 Corporation (formerly Trimel Pharmaceuticals Corporation)

November 23, 2017 (2017), 40 OSCB 9366

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Acerus Pharmaceuticals Options Mainville, Luc 4, 5 09/11/2017 50 0.12 1,000,000 200,000 Corporation (formerly Trimel Pharmaceuticals Corporation) Acerus Pharmaceuticals Common Shares Savard, Philippe Perron 5 04/07/2016 00 Corporation (formerly Trimel Pharmaceuticals Corporation) Acerus Pharmaceuticals Common Shares Savard, Philippe Perron 5 15/11/2017 10 0.15 33,000 33,000 Corporation (formerly Trimel Pharmaceuticals Corporation) Acerus Pharmaceuticals Options Savard, Philippe Perron 5 09/11/2017 50 0.12 1,000,000 500,000 Corporation (formerly Trimel Pharmaceuticals Corporation) Acerus Pharmaceuticals Options Symmes, Tricia 5 09/11/2017 50 0.12 1,300,000 500,000 Corporation (formerly Trimel Pharmaceuticals Corporation) Acerus Pharmaceuticals Common Shares Yoon, Kae-Won 5 01/06/2017 00 Corporation (formerly Trimel Pharmaceuticals Corporation) Acerus Pharmaceuticals Common Shares Yoon, Kae-Won 5 09/11/2017 10 0.13 75,000 75,000 Corporation (formerly Trimel Pharmaceuticals Corporation) Acerus Pharmaceuticals Common Shares Yoon, Kae-Won 5 13/11/2017 10 0.14 137,000 62,000 Corporation (formerly Trimel Pharmaceuticals Corporation) Acerus Pharmaceuticals Common Shares Yoon, Kae-Won 5 14/11/2017 10 0.145 149,500 12,500 Corporation (formerly Trimel Pharmaceuticals Corporation) Acerus Pharmaceuticals Common Shares Yoon, Kae-Won 5 15/11/2017 10 0.14 159,000 9,500 Corporation (formerly Trimel Pharmaceuticals Corporation) Acerus Pharmaceuticals Options Yoon, Kae-Won 5 09/11/2017 50 0.12 1,000,000 500,000 Corporation (formerly Trimel Pharmaceuticals Corporation) AcuityAds Holdings Inc. Rights DSU Andrews, David 5 08/11/2017 56 283,700 17,000 AcuityAds Holdings Inc. Warrants Andrews, David 5 10/11/2017 53 1.8 78,333 45,000 AcuityAds Holdings Inc. Common Shares Hayek, Tal 4, 5 16/11/2017 10 1.5 3,342,760 68,000 AcuityAds Holdings Inc. Warrants Hayek, Tal 4, 5 10/11/2017 53 1.8 107,857 57,857 AcuityAds Holdings Inc. Warrants Kapcan, Rachel 5 10/11/2017 53 1.8 46,190 12,857 AcuityAds Holdings Inc. Warrants Mekuz, Nathan 5 10/11/2017 53 1.8 72,857 12,857 AcuityAds Holdings Inc. Warrants Ontman, Joe 4, 5 10/11/2017 53 1.8 12,857 12,857 AcuityAds Holdings Inc. Common Shares Pollack, Sheldon M. 4 06/07/2014 00 AcuityAds Holdings Inc. Common Shares Pollack, Sheldon M. 4 09/11/2017 10 1.7 50,000 50,000 AcuityAds Holdings Inc. Common Shares Pollack, Sheldon M. 4 09/11/2017 10 1.6 66,500 16,500 Advantage Lithium Corp. Common Shares DeMare, Nick 5 13/11/2017 10 1.26 52,500 7,500 Advantage Lithium Corp. Common Shares DeMare, Nick 5 26/08/2016 00 Advantage Lithium Corp. Common Shares DeMare, Nick 5 13/11/2017 10 1.26 7,500 Advantage Lithium Corp. Common Shares Sidoo, David 4 13/11/2017 10 1.26 1,624,000 25,000 Advantagewon Oil Corp. Common Shares Darakjian, David 6 13/11/2017 10 0.095 18,881,978 -41,000 Advantagewon Oil Corp. Common Shares Darakjian, David 6 14/11/2017 10 0.095 18,859,978 -22,000 Advantagewon Oil Corp. Common Shares Darakjian, David 6 14/11/2017 10 0.095 18,850,978 -9,000 Advantagewon Oil Corp. Common Shares Darakjian, David 6 15/11/2017 10 0.095 18,764,978 -86,000 Advantagewon Oil Corp. Common Shares Fountain Asset Corp. 3 13/11/2017 10 0.095 18,881,978 -41,000

November 23, 2017 (2017), 40 OSCB 9367

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Advantagewon Oil Corp. Common Shares Fountain Asset Corp. 3 14/11/2017 10 0.095 18,859,978 -22,000 Advantagewon Oil Corp. Common Shares Fountain Asset Corp. 3 14/11/2017 10 0.095 18,850,978 -9,000 Advantagewon Oil Corp. Common Shares Fountain Asset Corp. 3 15/11/2017 10 0.095 18,764,978 -86,000 Advantagewon Oil Corp. Common Shares Kordy, Frank 4 17/11/2017 46 200,000 200,000 Advantagewon Oil Corp. Common Shares Parks, Andrew 6 13/11/2017 10 0.095 18,881,478 -41,000 Advantagewon Oil Corp. Common Shares Parks, Andrew 6 14/11/2017 10 0.095 18,859,478 -22,000 Advantagewon Oil Corp. Common Shares Parks, Andrew 6 14/11/2017 10 0.095 18,850,478 -9,000 Advantagewon Oil Corp. Common Shares Parks, Andrew 6 15/11/2017 10 0.095 18,764,478 -86,000 Africa Hydrocarbons Inc. Options Stetsenko, Sergei 4 08/11/2017 50 0.52 627,315 217,040 Africa Hydrocarbons Inc. Options Wu, Douglas 4, 5 08/11/2017 50 0.52 627,314 217,040 Ag Growth International Inc. Common Shares Close, Timothy Jackson 5 14/11/2017 10 50.24 76,352 1,298 Ag Growth International Inc. Common Shares Close, Timothy Jackson 5 15/11/2017 10 49.8 77,352 1,000 Agellan Commercial Real Units Camenzuli, Francis Xavier 4, 7, 5 08/05/2017 16 11.43 44,513 Estate Investment Trust Agellan Commercial Real Units Camenzuli, Francis Xavier 4, 7, 5 25/01/2013 00 Estate Investment Trust Agellan Commercial Real Units Camenzuli, Francis Xavier 4, 7, 5 25/01/2013 00 Estate Investment Trust Agellan Commercial Real Units Camenzuli, Francis Xavier 4, 7, 5 18/07/2016 16 9.0314 26,740 Estate Investment Trust Agellan Commercial Real Units Camenzuli, Francis Xavier 4, 7, 5 18/07/2016 16 9.0314 26,740 Estate Investment Trust Agellan Commercial Real Units Camenzuli, Francis Xavier 4, 7, 5 06/04/2017 11 11.516 -3,587 Estate Investment Trust Agellan Commercial Real Units Camenzuli, Francis Xavier 4, 7, 5 06/04/2017 11 11.516 -3,587 Estate Investment Trust Agellan Commercial Real Units Camenzuli, Francis Xavier 4, 7, 5 25/01/2013 00 Estate Investment Trust Agellan Commercial Real Units Camenzuli, Francis Xavier 4, 7, 5 18/07/2016 16 9.0314 26,740 26,740 Estate Investment Trust Agellan Commercial Real Units Camenzuli, Francis Xavier 4, 7, 5 08/04/2017 11 11.516 23,153 -3,587 Estate Investment Trust Agellan Commercial Real Units Camenzuli, Francis Xavier 4, 7, 5 08/05/2017 16 11.43 67,666 44,513 Estate Investment Trust Agellan Commercial Real Units Class B Units of Camenzuli, Francis Xavier 4, 7, 5 25/01/2013 00 Estate Investment Trust AMLP exchangeable 1 for 1 to Trust Units Agellan Commercial Real Units Class B Units of Camenzuli, Francis Xavier 4, 7, 5 13/11/2017 16 11.48 871,080 871,080 Estate Investment Trust AMLP exchangeable 1 for 1 to Trust Units Agellan Commercial Real Deferred Units Gibbs, Dayna 4 13/11/2017 53 11.85 539 421 Estate Investment Trust Agellan Commercial Real Deferred Units Ladouceur, Glen Joseph 7 13/11/2017 53 11.85 6,490 506 Estate Investment Trust Agellan Commercial Real Deferred Units Lazer, Rafael 4 13/11/2017 53 11.85 539 421 Estate Investment Trust Agellan Commercial Real Units Nallega Diversified Inc. 5 18/07/2016 16 9.0314 26,740 Estate Investment Trust Agellan Commercial Real Units Nallega Diversified Inc. 5 18/07/2016 16 9.0314 26,740 Estate Investment Trust Agellan Commercial Real Units Nallega Diversified Inc. 5 06/04/2017 11 11.516 -3,587 Estate Investment Trust Agellan Commercial Real Units Nallega Diversified Inc. 5 06/04/2017 11 11.516 -3,587 Estate Investment Trust Agellan Commercial Real Units Nallega Diversified Inc. 5 08/05/2017 16 11.43 44,513 Estate Investment Trust Agellan Commercial Real Units Nallega Diversified Inc. 5 08/05/2017 16 11.43 44,513 Estate Investment Trust Air Canada Class B Voting Shares Air Canada 1 01/11/2017 38 24.412 297,653 297,653 Air Canada Class B Voting Shares Air Canada 1 01/11/2017 38 0 -297,653

November 23, 2017 (2017), 40 OSCB 9368

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Air Canada Class B Voting Shares Air Canada 1 02/11/2017 38 24.512 297,653 297,653 Air Canada Class B Voting Shares Air Canada 1 02/11/2017 38 0 -297,653 Air Canada Class B Voting Shares Air Canada 1 03/11/2017 38 24.887 236,553 236,553 Air Canada Class B Voting Shares Air Canada 1 03/11/2017 38 0 -236,553 Air Canada Class B Voting Shares Air Canada 1 06/11/2017 38 24.06 297,653 297,653 Air Canada Class B Voting Shares Air Canada 1 06/11/2017 38 0 -297,653 Air Canada Class B Voting Shares Air Canada 1 10/11/2017 38 22.432 76,153 76,153 Air Canada Class B Voting Shares Air Canada 1 10/11/2017 38 0 -76,153 Air Canada Class B Voting Shares Air Canada 1 13/11/2017 38 22.297 239,953 239,953 Air Canada Class B Voting Shares Air Canada 1 13/11/2017 38 0 -239,953 Air Canada Class B Voting Shares Green, Michael 4 16/11/2017 47 105,714 -2,500 Air Canada Class B Voting Shares Smith, Benjamin M. 7 13/11/2017 51 0.96 140,795 66,346 Air Canada Class B Voting Shares Smith, Benjamin M. 7 13/11/2017 10 22.259 74,449 -66,346 Air Canada Class B Voting Shares Smith, Benjamin M. 7 13/11/2017 51 3.04 162,534 88,085 Air Canada Class B Voting Shares Smith, Benjamin M. 7 13/11/2017 10 22.252 74,449 -88,085 Air Canada Class B Voting Shares Smith, Benjamin M. 7 13/11/2017 51 2.49 109,449 35,000 Air Canada Class B Voting Shares Smith, Benjamin M. 7 13/11/2017 10 22.009 74,449 -35,000 Air Canada Class B Voting Shares Smith, Benjamin M. 7 13/11/2017 51 0.96 139,895 65,446 Air Canada Class B Voting Shares Smith, Benjamin M. 7 13/11/2017 10 22.203 74,449 -65,446 Air Canada Class B Voting Shares Smith, Benjamin M. 7 13/11/2017 51 0.96 75,349 900 Air Canada Class B Voting Shares Smith, Benjamin M. 7 13/11/2017 10 22.5 74,449 -900 Air Canada Class B Voting Shares Smith, Benjamin M. 7 13/11/2017 51 3.04 152,534 78,085 Air Canada Class B Voting Shares Smith, Benjamin M. 7 13/11/2017 10 22.232 74,449 -78,085 Air Canada Class B Voting Shares Smith, Benjamin M. 7 13/11/2017 51 2.49 109,449 35,000 Air Canada Class B Voting Shares Smith, Benjamin M. 7 13/11/2017 10 22.088 74,449 -35,000 Air Canada Class B Voting Shares Smith, Benjamin M. 7 13/11/2017 51 5.39 105,118 30,669 Air Canada Class B Voting Shares Smith, Benjamin M. 7 13/11/2017 10 22.01 74,449 -30,669 Air Canada Options (Long-Term Smith, Benjamin M. 7 13/11/2017 51 0.96 1,139,672 -66,346 Incentive Plan) Air Canada Options (Long-Term Smith, Benjamin M. 7 13/11/2017 51 3.04 1,051,587 -88,085 Incentive Plan) Air Canada Options (Long-Term Smith, Benjamin M. 7 13/11/2017 51 2.49 1,016,587 -35,000 Incentive Plan) Air Canada Options (Long-Term Smith, Benjamin M. 7 13/11/2017 51 0.96 951,141 -65,446 Incentive Plan) Air Canada Options (Long-Term Smith, Benjamin M. 7 13/11/2017 51 0.96 950,241 -900 Incentive Plan) Air Canada Options (Long-Term Smith, Benjamin M. 7 13/11/2017 51 3.04 872,156 -78,085 Incentive Plan) Air Canada Options (Long-Term Smith, Benjamin M. 7 13/11/2017 51 2.49 837,156 -35,000 Incentive Plan) Air Canada Options (Long-Term Smith, Benjamin M. 7 13/11/2017 51 5.39 806,487 -30,669 Incentive Plan) AIRBOSS OF AMERICA Options Bitsakakis, Christos 5 06/11/2017 00 CORP. AIRBOSS OF AMERICA Options Bitsakakis, Christos 5 10/11/2017 50 33,200 33,200 CORP. AIRBOSS OF AMERICA Rights - Performance Bitsakakis, Christos 5 06/11/2017 00 CORP. Share Units AIRBOSS OF AMERICA Rights - Performance Bitsakakis, Christos 5 10/11/2017 56 6,828 6,828 CORP. Share Units AirIQ Inc. Common Shares Vecima Networks Inc. 3 10/11/2017 10 0.17 6,214,000 8,500 AirIQ Inc. Common Shares Vecima Networks Inc. 3 14/11/2017 10 0.17 6,214,500 500 Akita Drilling Ltd. Non-Voting Shares Reynolds, Darcy 5 14/11/2017 30 4,504 65 Alamos Gold Inc. Common Shares Class A McCluskey, John 4, 5 13/11/2017 10 7.88 370,618 2,000

November 23, 2017 (2017), 40 OSCB 9369

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Alchemist Mining Options Gdanski, David Christopher 5 15/11/2017 50 0.155 900,000 500,000 Incorporated Alchemist Mining Options Rascan, William 4 15/11/2017 50 0.155 500,000 100,000 Incorporated Alchemist Mining Options Robinson, Jamie 5 15/11/2017 50 0.155 100,000 50,000 Incorporated Alio Gold Inc. DSU Vizquerra, Jose 4 12/09/2017 56 18,800 18,800 Alliance Growers Corp. Common Shares Lambert, Ian Davidson 4 08/11/2017 11 0.1 272,500 35,000 Alliance Growers Corp. Common Shares Lambert, Ian Davidson 4 08/11/2017 11 0.1 844,500 370,000 Alliance Growers Corp. Common Shares Lambert, Ian Davidson 4 13/11/2017 10 0.115 824,500 -20,000 Alliance Growers Corp. Common Shares Lambert, Ian Davidson 4 13/11/2017 10 0.13 774,500 -50,000 Alliance Growers Corp. Common Shares Lambert, Ian Davidson 4 17/11/2017 10 0.13 754,500 -20,000 Alliance Growers Corp. Common Shares Lawson, Harvey 5 08/11/2017 11 0.1 175,000 95,000 Alliance Growers Corp. Common Shares Petke, Dennis Edward 5 07/11/2017 16 0.11 655,000 100,000 Alliance Growers Corp. Warrants Petke, Dennis Edward 5 05/06/2015 00 Alliance Growers Corp. Warrants Petke, Dennis Edward 5 07/11/2017 53 0.21 100,000 100,000 Alliance Growers Corp. Common Shares PIROOZ, SINA 4 13/11/2017 10 0.135 100,000 Alliance Growers Corp. Common Shares PIROOZ, SINA 4 13/11/2017 10 0.135 100,000 Alliance Growers Corp. Common Shares PIROOZ, SINA 4 13/11/2017 10 0.135 382,500 -100,000 Alliance Mining Corp. Common Shares Anderson, Christopher Ross 5 14/11/2017 16 0.05 8,381,500 880,000 Alliance Mining Corp. Warrants Anderson, Christopher Ross 5 14/11/2017 16 0.075 1,780,000 880,000 Allied Properties Real Estate Options Emory, Michael R. 4, 5 08/11/2017 51 34.25 626,842 -73,871 Investment Trust Allied Properties Real Estate Options Emory, Michael R. 4, 5 08/11/2017 51 33.29 525,147 -101,695 Investment Trust Allied Properties Real Estate Options Emory, Michael R. 4, 5 08/11/2017 51 34.59 516,673 -8,474 Investment Trust Allied Properties Real Estate Units Emory, Michael R. 4, 5 08/11/2017 51 34.25 921,623 73,871 Investment Trust Allied Properties Real Estate Units Emory, Michael R. 4, 5 08/11/2017 51 33.29 1,023,318 101,695 Investment Trust Allied Properties Real Estate Units Emory, Michael R. 4, 5 08/11/2017 51 34.59 1,031,792 8,474 Investment Trust Allied Properties Real Estate Units Emory, Michael R. 4, 5 08/11/2017 10 41.953 1,001,792 -30,000 Investment Trust Allied Properties Real Estate Units Emory, Michael R. 4, 5 09/11/2017 10 41.836 926,792 -75,000 Investment Trust Allied Properties Real Estate Units Emory, Michael R. 4, 5 10/11/2017 10 41.6 847,752 -79,040 Investment Trust Allied Properties Real Estate Options Williams, Cecilia Catalina 5 09/11/2017 51 31.56 111,228 -15,000 Investment Trust Allied Properties Real Estate Units Williams, Cecilia Catalina 5 09/11/2017 51 31.56 22,690 15,000 Investment Trust Allied Properties Real Estate Units Williams, Cecilia Catalina 5 09/11/2017 10 41.902 7,690 -15,000 Investment Trust Almonty Industries Inc. Common Shares D'Amato, Daniel Guy 4 10/11/2017 10 0.53 1,815,950 6,000 Almonty Industries Inc. Common Shares D'Amato, Daniel Guy 4 13/11/2017 10 0.52 1,817,350 1,400 Almonty Industries Inc. Common Shares Gutschlag, Thomas Joerg 4, 6 06/11/2017 10 0.47 15,469,290 1,500 Almonty Industries Inc. Common Shares Gutschlag, Thomas Joerg 4, 6 06/11/2017 10 0.48 15,473,290 4,000 Almonty Industries Inc. Common Shares Gutschlag, Thomas Joerg 4, 6 06/11/2017 10 0.49 15,486,790 13,500 Almonty Industries Inc. Common Shares Gutschlag, Thomas Joerg 4, 6 06/11/2017 10 0.5 15,491,290 4,500 Almonty Industries Inc. Common Shares Gutschlag, Thomas Joerg 4, 6 06/11/2017 10 0.51 15,495,290 4,000 Almonty Industries Inc. Common Shares Gutschlag, Thomas Joerg 4, 6 06/11/2017 10 0.52 15,495,790 500 Almonty Industries Inc. Common Shares Gutschlag, Thomas Joerg 4, 6 06/11/2017 10 0.475 15,497,790 2,000 Altair Resources Inc. Common Shares Dhanani, Zahir 3 08/11/2017 00 1,876,833 Altair Resources Inc. Common Shares Dhanani, Zahir 3 08/11/2017 00 6,156,484 Altair Resources Inc. Warrants Dhanani, Zahir 3 08/11/2017 00 1,733,333

November 23, 2017 (2017), 40 OSCB 9370

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Altair Resources Inc. Warrants Dhanani, Zahir 3 08/11/2017 00 1,779,333 Altiplano Minerals Ltd. Common Shares Williamson, John 3, 4 14/11/2017 54 0.17 3,988,680 833,333 Altiplano Minerals Ltd. Common Shares Williamson, John 3, 4 14/11/2017 10 0.18 4,063,680 75,000 Altiplano Minerals Ltd. Warrants Williamson, John 3, 4 14/11/2017 51 0.17 166,667 -833,333 Altus Group Limited Common Shares Eisen, Barry Isaac 5 14/11/2017 51 19.29 2,602 2,000 Altus Group Limited Common Shares Eisen, Barry Isaac 5 14/11/2017 10 35.9 602 -2,000 Altus Group Limited Options Eisen, Barry Isaac 5 14/11/2017 51 19.29 22,517 -2,000 Altus Group Limited Common Shares McSweeney, Niall 5 09/11/2017 51 19.64 44,799 1,000 Altus Group Limited Common Shares McSweeney, Niall 5 09/11/2017 51 23.85 45,965 1,166 Altus Group Limited Common Shares McSweeney, Niall 5 09/11/2017 51 19.29 47,132 1,167 Altus Group Limited Common Shares McSweeney, Niall 5 14/11/2017 10 35.9 38,332 -8,800 Altus Group Limited Options McSweeney, Niall 5 09/11/2017 51 19.64 12,299 -1,000 Altus Group Limited Options McSweeney, Niall 5 09/11/2017 51 23.85 11,133 -1,166 Altus Group Limited Options McSweeney, Niall 5 09/11/2017 51 19.29 9,966 -1,167 American Core Sectors Trust Units American Core Sectors 1 16/11/2017 38 11.15 3,671,384 100 Dividend Fund Dividend Fund Amerigo Resources Ltd Common Shares Toor, Nauman (Nick) 3 26/10/2017 10 0.82 1,011,700 32,500 Amerigo Resources Ltd Common Shares Toor, Nauman (Nick) 3 30/10/2017 10 0.83 1,023,200 11,500 Amerigo Resources Ltd Common Shares Toor, Nauman (Nick) 3 31/10/2017 10 0.82 1,045,200 22,000 Amerigo Resources Ltd Common Shares Toor, Nauman (Nick) 3 01/11/2017 10 0.81 1,094,700 49,500 Amerigo Resources Ltd Common Shares Toor, Nauman (Nick) 3 02/11/2017 10 0.8 1,115,700 21,000 Amerigo Resources Ltd Common Shares Toor, Nauman (Nick) 3 03/11/2017 10 0.8 1,123,200 7,500 Amerigo Resources Ltd Common Shares Toor, Nauman (Nick) 3 06/11/2017 10 0.82 1,172,700 49,500 Amerigo Resources Ltd Common Shares Toor, Nauman (Nick) 3 07/11/2017 10 0.82 1,222,700 50,000 Amerigo Resources Ltd Common Shares Toor, Nauman (Nick) 3 13/11/2017 10 0.81 1,240,700 18,000 ANB Canada Inc. (formerly Options MOORE, TIMOTHY 5 01/10/2016 00 Griffin Skye Corporation) ANB Canada Inc. (formerly Options MOORE, TIMOTHY 5 01/10/2016 00 Griffin Skye Corporation) ANB Canada Inc. (formerly Options MOORE, TIMOTHY 5 01/10/2016 00 Griffin Skye Corporation) Andrew Peller Limited Non-Voting Shares Class CAMPBELL, COLIN 5 09/11/2017 10 12.65 16,231 -7,500 (formerly Andrés Wines Ltd.) A MICHAEL Andrew Peller Limited Non-Voting Shares Class MACLEOD, SHAWN 5 13/11/2017 00 5,000 (formerly Andrés Wines Ltd.) A BRYAN Andrew Peller Limited Non-Voting Shares Class POWELL, RANDY ALAN 4 16/11/2017 10 12.89 40,054 15,500 (formerly Andrés Wines Ltd.) A Aquila Resources Inc. Common Shares OSISKO GOLD 3 10/11/2017 00 ROYALTIES LTD Aquila Resources Inc. Common Shares OSISKO GOLD 3 10/11/2017 90 0.26 49,173,076 49,173,076 ROYALTIES LTD Aquila Resources Inc. Common Shares OSISKO GOLD 3 10/11/2017 90 0.209 49,651,857 478,781 ROYALTIES LTD Aquila Resources Inc. Common Shares OSISKO GOLD 3 10/11/2017 00 ROYALTIES LTD Aquila Resources Inc. Common Shares OSISKO GOLD 3 10/11/2017 16 0.26 49,173,076 49,173,076 ROYALTIES LTD Aquila Resources Inc. Common Shares OSISKO GOLD 3 10/11/2017 11 0.209 49,651,857 478,781 ROYALTIES LTD Aquila Resources Inc. Common Shares OSISKO GOLD 3 10/11/2017 16 0.26 -49,173,076 ROYALTIES LTD Aquila Resources Inc. Common Shares OSISKO GOLD 3 10/11/2017 90 0.26 478,781 -49,173,076 ROYALTIES LTD Aquila Resources Inc. Common Shares OSISKO GOLD 3 10/11/2017 11 0.209 -478,781 ROYALTIES LTD Aquila Resources Inc. Common Shares OSISKO GOLD 3 10/11/2017 90 0.209 0 -478,781 ROYALTIES LTD

November 23, 2017 (2017), 40 OSCB 9371

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Aquila Resources Inc. Warrants OSISKO GOLD 3 10/11/2017 00 ROYALTIES LTD Aquila Resources Inc. Warrants OSISKO GOLD 3 10/11/2017 90 0.34 12,293,269 12,293,269 ROYALTIES LTD Aquila Resources Inc. Warrants OSISKO GOLD 3 10/11/2017 00 ROYALTIES LTD Aquila Resources Inc. Warrants OSISKO GOLD 3 10/11/2017 16 0.34 12,293,269 12,293,269 ROYALTIES LTD Aquila Resources Inc. Warrants OSISKO GOLD 3 10/11/2017 90 0.34 0 -12,293,269 ROYALTIES LTD ARC Resources Ltd. Common Shares Conrad, Larissa Marianne 5 15/11/2017 10 15.89 2,670 1,545 ARC Resources Ltd. Common Shares Conrad, Larissa Marianne 5 15/11/2017 10 15.89 1,964 1,545 ARC Resources Ltd. Common Shares Dielwart, John Patrick 4 14/11/2017 10 16.4 27,154 600 ARC Resources Ltd. Common Shares Dielwart, John Patrick 4 14/11/2017 10 16.38 2,577 85 ARC Resources Ltd. Common Shares Dielwart, John Patrick 4 14/11/2017 10 16.304 91,995 -15,000 ARC Resources Ltd. Common Shares Dielwart, John Patrick 4 14/11/2017 10 16.349 87,510 -4,485 ARC Resources Ltd. Common Shares Dielwart, John Patrick 4 14/11/2017 10 16.403 184,900 3,800 AREV Nutrition Sciences Inc. Common Shares Withrow, MIke Withrow 4 13/11/2017 10 0.395 6,395,000 40,000 (formerly Immunall Science Inc.) Aritzia Inc. Subordinate Voting AHI Holdings Inc. 3 26/09/2016 00 Shares Aritzia Inc. Subordinate Voting AHI Holdings Inc. 3 09/11/2017 11 10.55 290,700 290,700 Shares Aritzia Inc. Subordinate Voting Hill, Brian James Beaumont 4, 6, 5 26/09/2016 00 Shares Aritzia Inc. Subordinate Voting Hill, Brian James Beaumont 4, 6, 5 09/11/2017 11 10.55 290,700 290,700 Shares Arizona Mining Inc. Common Shares Lucero, Gregory Felix 5 27/10/2017 54 0.6 106,500 35,500 Arizona Mining Inc. Warrants Lucero, Gregory Felix 5 27/10/2017 54 0.6 0 -35,500 Arizona Silver Exploration Common Shares Stark, Michael 4 15/11/2017 10 0.23 519,200 25,000 Inc. Artis Real Estate Investment Restricted Units Green, James 5 15/11/2017 56 14.05 29,693 189 Trust Artis Real Estate Investment Restricted Units Green, James 5 16/11/2017 56 14.05 189 Trust Artis Real Estate Investment Deferred Units Jack, Bruce William James 4 15/11/2017 56 14.05 5,709 36 Trust Artis Real Estate Investment Deferred Units Jack, Bruce William James 4 16/11/2017 56 14.05 36 Trust Artis Real Estate Investment Restricted Units Johnson, David Lyall 5 15/11/2017 56 14.05 6,595 42 Trust Artis Real Estate Investment Restricted Units Johnson, David Lyall 5 16/11/2017 56 14.05 42 Trust Artis Real Estate Investment Restricted Units Martens, Armin 4, 5 15/11/2017 56 14.05 79,961 509 Trust Artis Real Estate Investment Restricted Units Martens, Armin 4, 5 16/11/2017 56 14.05 509 Trust Artis Real Estate Investment Deferred Units Martens, Cornelius 4, 5 15/11/2017 56 14.05 4,578 30 Trust Artis Real Estate Investment Deferred Units Martens, Cornelius 4, 5 16/11/2017 56 14.05 30 Trust Artis Real Estate Investment Restricted Units Martens, Philip 5 15/11/2017 56 14.05 3,332 21 Trust Artis Real Estate Investment Restricted Units Martens, Philip 5 16/11/2017 56 14.05 21 Trust Artis Real Estate Investment Deferred Units Rimer, Ronald Albert 4 15/11/2017 56 14.05 21,176 135 Trust Artis Real Estate Investment Deferred Units Rimer, Ronald Albert 4 16/11/2017 56 14.05 135 Trust

November 23, 2017 (2017), 40 OSCB 9372

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Artis Real Estate Investment Deferred Units Ryan, Patrick Gowan 4 15/11/2017 56 14.05 31,784 202 Trust Artis Real Estate Investment Deferred Units Ryan, Patrick Gowan 4 16/11/2017 56 14.05 202 Trust Artis Real Estate Investment Restricted Units Sherlock, Stephen Francis 5 15/11/2017 56 14.05 6,595 42 Trust Patrick Artis Real Estate Investment Restricted Units Sherlock, Stephen Francis 5 16/11/2017 56 14.05 42 Trust Patrick Artis Real Estate Investment Deferred Units Thielmann, Victor 4 15/11/2017 56 14.05 4,578 30 Trust Artis Real Estate Investment Deferred Units Thielmann, Victor 4 16/11/2017 56 14.05 30 Trust Artis Real Estate Investment Deferred Units Townsend, Kenneth 4 15/11/2017 56 14.05 4,578 30 Trust Artis Real Estate Investment Deferred Units Townsend, Kenneth 4 16/11/2017 56 14.05 30 Trust Artis Real Estate Investment Deferred Units Warkentin, Edward 4, 5 15/11/2017 56 14.05 4,578 30 Trust Artis Real Estate Investment Deferred Units Warkentin, Edward 4, 5 16/11/2017 56 14.05 30 Trust Artis Real Estate Investment Restricted Units Wong, Dennis San 5 15/11/2017 56 14.05 7,790 50 Trust Artis Real Estate Investment Restricted Units Wong, Dennis San 5 16/11/2017 56 14.05 50 Trust Asbestos Corporation Common Shares MONETTE, SERGE 3 09/11/2017 00 148,200 Limited Asbestos Corporation Common Shares MONETTE, SERGE 3 09/11/2017 00 136,000 Limited Atlantic Gold Corporation Common Shares Beedie, Ryan K 3, 4 14/11/2017 10 1.4 47,219,744 10,000 (previously Spur Ventures Inc.) Atlantic Gold Corporation Common Shares Beedie, Ryan K 3, 4 15/11/2017 10 1.375 47,239,744 20,000 (previously Spur Ventures Inc.) Atlantic Gold Corporation Common Shares Beedie, Ryan K 3, 4 16/11/2017 10 1.3733 47,269,744 30,000 (previously Spur Ventures Inc.) Atlantic Gold Corporation Common Shares Beedie, Ryan K 3, 4 17/11/2017 10 1.3821 68,200 (previously Spur Ventures Inc.) Atlantic Gold Corporation Common Shares Beedie, Ryan K 3, 4 17/11/2017 10 1.41 47,277,944 8,200 (previously Spur Ventures Inc.) Atlantic Power Corporation Common Shares D'Angelo, James Patrick 5 07/11/2017 00 16,909 Atlantic Power Corporation Notional Shares D'Angelo, James Patrick 5 07/11/2017 00 150,528 Atlantic Power Corporation Common Shares Levy, Jeffrey S. 5 07/11/2017 00 11,445 Atlantic Power Corporation Notional Shares Levy, Jeffrey S. 5 07/11/2017 00 172,470 Atlantic Power Corporation Common Shares Palter, Gilbert Samuel 4 15/11/2017 10 2.35 649,210 34,210 Atlantic Power Corporation Common Shares Palter, Gilbert Samuel 4 16/11/2017 10 2.4 650,000 790 Atlantic Power Corporation Common Shares Rorabaugh, Philip Daniel 5 07/11/2017 00 61,582 Atlantic Power Corporation Notional Shares Rorabaugh, Philip Daniel 5 07/11/2017 00 154,277 Atlas Cloud Enterprises Inc. Common Shares Burian, Martin Andrew 4 15/11/2017 51 0.25 450,000 125,000 Atlas Cloud Enterprises Inc. Common Shares Burian, Martin Andrew 4 17/11/2017 10 0.82 425,000 -25,000 Atlas Cloud Enterprises Inc. Common Shares Burian, Martin Andrew 4 17/11/2017 10 0.8 400,000 -25,000 Atlas Cloud Enterprises Inc. Options Burian, Martin Andrew 4 15/11/2017 51 0.25 0 -125,000 Atlas Cloud Enterprises Inc. Common Shares glass, peter nicholas martin 4 16/11/2017 10 0.7537 37,500 -100,000 Atlas Cloud Enterprises Inc. Common Shares Veltheer, John Edward 4 15/11/2017 10 0.45 107,500 -12,500 Atlas Cloud Enterprises Inc. Common Shares Veltheer, John Edward 4 16/11/2017 10 0.702 65,000 -42,500 Atlas Cloud Enterprises Inc. Common Shares Veltheer, John Edward 4 16/11/2017 10 0.79 72,000 7,000 Atlas Financial Holdings, Inc. Common Shares DiMaggio, Leslie Patterson 7 08/11/2017 51 4.63 59,099 8,334

November 23, 2017 (2017), 40 OSCB 9373

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Atlas Financial Holdings, Inc. Common Shares DiMaggio, Leslie Patterson 7 08/11/2017 51 5.03 74,099 15,000 Atlas Financial Holdings, Inc. Common Shares DiMaggio, Leslie Patterson 7 08/11/2017 10 20.1 66,323 -7,776 Atlas Financial Holdings, Inc. Common Shares DiMaggio, Leslie Patterson 7 10/11/2017 10 19.12 61,483 -4,840 Atlas Financial Holdings, Inc. Common Shares DiMaggio, Leslie Patterson 7 13/11/2017 10 19.12 61,302 -181 Atlas Financial Holdings, Inc. Options DiMaggio, Leslie Patterson 7 08/11/2017 51 4.63 68,500 -8,334 Atlas Financial Holdings, Inc. Options DiMaggio, Leslie Patterson 7 08/11/2017 51 5.03 53,500 -15,000 Atlas Financial Holdings, Inc. Common Shares Giles, Bruce Wayne 7 08/11/2017 51 4.63 54,018 8,334 Atlas Financial Holdings, Inc. Common Shares Giles, Bruce Wayne 7 08/11/2017 51 5.03 69,018 15,000 Atlas Financial Holdings, Inc. Common Shares Giles, Bruce Wayne 7 08/11/2017 10 20.1 61,242 -7,776 Atlas Financial Holdings, Inc. Common Shares Giles, Bruce Wayne 7 10/11/2017 10 19.12 56,402 -4,840 Atlas Financial Holdings, Inc. Common Shares Giles, Bruce Wayne 7 13/11/2017 10 19.12 56,221 -181 Atlas Financial Holdings, Inc. Options Giles, Bruce Wayne 7 08/11/2017 51 4.63 68,500 -8,334 Atlas Financial Holdings, Inc. Options Giles, Bruce Wayne 7 08/11/2017 51 5.03 53,500 -15,000 Atlas Financial Holdings, Inc. Common Shares Romano, Paul 5 08/11/2017 51 4.63 8,334 Atlas Financial Holdings, Inc. Common Shares Romano, Paul 5 08/11/2017 51 4.63 8,334 Atlas Financial Holdings, Inc. Common Shares Romano, Paul 5 08/11/2017 51 4.63 58,820 8,334 Atlas Financial Holdings, Inc. Common Shares Romano, Paul 5 08/11/2017 51 5.03 77,154 18,334 Atlas Financial Holdings, Inc. Common Shares Romano, Paul 5 08/11/2017 10 20.1 67,677 -9,477 Atlas Financial Holdings, Inc. Common Shares Romano, Paul 5 10/11/2017 10 19.12 62,139 -5,538 Atlas Financial Holdings, Inc. Common Shares Romano, Paul 5 13/11/2017 10 19.12 61,946 -193 Atlas Financial Holdings, Inc. Options Romano, Paul 5 08/11/2017 51 4.63 78,334 -8,334 Atlas Financial Holdings, Inc. Options Romano, Paul 5 08/11/2017 51 5.03 60,000 -18,334 Atlas Financial Holdings, Inc. Common Shares Shugrue, Joseph Raymond 7 08/11/2017 51 4.63 58,688 8,334 Atlas Financial Holdings, Inc. Common Shares Shugrue, Joseph Raymond 7 08/11/2017 51 5.03 73,688 15,000 Atlas Financial Holdings, Inc. Common Shares Shugrue, Joseph Raymond 7 08/11/2017 10 20.1 65,912 -7,776 Atlas Financial Holdings, Inc. Common Shares Shugrue, Joseph Raymond 7 10/11/2017 10 19.12 61,072 -4,840 Atlas Financial Holdings, Inc. Common Shares Shugrue, Joseph Raymond 7 13/11/2017 10 19.12 60,891 -181 Atlas Financial Holdings, Inc. Options Shugrue, Joseph Raymond 7 08/11/2017 51 4.63 68,500 -8,334 Atlas Financial Holdings, Inc. Options Shugrue, Joseph Raymond 7 08/11/2017 51 5.03 53,500 -15,000 Atlas Financial Holdings, Inc. Common Shares Wollney, Scott David 5 08/11/2017 51 4.68 208,113 8,334 Atlas Financial Holdings, Inc. Common Shares Wollney, Scott David 5 08/11/2017 51 5.03 236,447 28,334 Atlas Financial Holdings, Inc. Common Shares Wollney, Scott David 5 08/11/2017 10 20.1 224,004 -12,443 Atlas Financial Holdings, Inc. Common Shares Wollney, Scott David 5 10/11/2017 10 19.12 216,448 -7,556 Atlas Financial Holdings, Inc. Common Shares Wollney, Scott David 5 13/11/2017 10 19.12 216,164 -284 Atlas Financial Holdings, Inc. Options Wollney, Scott David 5 08/11/2017 51 4.68 182,834 -8,334 Atlas Financial Holdings, Inc. Options Wollney, Scott David 5 08/11/2017 51 5.03 154,500 -28,334 ATS Automation Tooling Common Shares Gyles, Chuck 5 10/11/2017 51 8.85 15,750 15,750 Systems Inc. ATS Automation Tooling Common Shares Gyles, Chuck 5 10/11/2017 51 10.46 20,750 5,000 Systems Inc. ATS Automation Tooling Common Shares Gyles, Chuck 5 10/11/2017 51 10.53 35,200 14,450 Systems Inc. ATS Automation Tooling Common Shares Gyles, Chuck 5 10/11/2017 10 14.75 30,700 -4,500 Systems Inc. ATS Automation Tooling Common Shares Gyles, Chuck 5 10/11/2017 10 14.9 20,700 -10,000 Systems Inc. ATS Automation Tooling Common Shares Gyles, Chuck 5 10/11/2017 10 15 0 -20,700 Systems Inc. ATS Automation Tooling Common Shares Gyles, Chuck 5 13/11/2017 51 10.53 1,800 1,800 Systems Inc. ATS Automation Tooling Common Shares Gyles, Chuck 5 13/11/2017 10 14.9 0 -1,800 Systems Inc. ATS Automation Tooling Common Shares Gyles, Chuck 5 14/11/2017 51 10.53 3,200 3,200 Systems Inc.

November 23, 2017 (2017), 40 OSCB 9374

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed ATS Automation Tooling Common Shares Gyles, Chuck 5 14/11/2017 10 14.9 0 -3,200 Systems Inc. ATS Automation Tooling Options Gyles, Chuck 5 10/11/2017 51 8.85 151,416 -15,750 Systems Inc. ATS Automation Tooling Options Gyles, Chuck 5 10/11/2017 51 10.46 146,416 -5,000 Systems Inc. ATS Automation Tooling Options Gyles, Chuck 5 10/11/2017 51 10.53 131,966 -14,450 Systems Inc. ATS Automation Tooling Options Gyles, Chuck 5 13/11/2017 51 10.53 130,166 -1,800 Systems Inc. ATS Automation Tooling Options Gyles, Chuck 5 14/11/2017 51 10.53 126,966 -3,200 Systems Inc. ATS Automation Tooling Common Shares Hart, Chris 5 20/05/2016 00 Systems Inc. ATS Automation Tooling Common Shares Hart, Chris 5 13/11/2017 51 8.85 2,500 2,500 Systems Inc. ATS Automation Tooling Common Shares Hart, Chris 5 13/11/2017 51 14.77 -2,500 Systems Inc. ATS Automation Tooling Common Shares Hart, Chris 5 13/11/2017 10 14.77 0 -2,500 Systems Inc. ATS Automation Tooling Options Hart, Chris 5 13/11/2017 51 8.85 63,625 -2,500 Systems Inc. Aurania Resources Ltd. Common Shares Harper, Gerald 4 13/11/2017 10 1.95 150,500 -2,000 Aurelius Minerals Inc. Common Shares Niemi, Jeremy Karl 5 09/11/2017 00 300,000 (formerly Galena International Resources Ltd.) Aurelius Minerals Inc. Common Shares Niemi, Jeremy Karl 5 09/11/2017 00 100,000 (formerly Galena International Resources Ltd.) Aurelius Minerals Inc. Options Niemi, Jeremy Karl 5 09/11/2017 00 384,800 (formerly Galena International Resources Ltd.) Aurelius Minerals Inc. Warrants Niemi, Jeremy Karl 5 09/11/2017 00 150,000 (formerly Galena International Resources Ltd.) Aurelius Minerals Inc. Warrants Niemi, Jeremy Karl 5 09/11/2017 00 100,000 (formerly Galena International Resources Ltd.) Aurinia Pharmaceuticals Inc. Common Shares Glickman, Richard 4 17/11/2017 10 6.63 943,353 3,900 Aurora Cannabis Inc. Common Shares Jang, Diane 4 13/11/2017 00 Aurora Cannabis Inc. Common Shares Jang, Diane 4 13/11/2017 00 Aurora Cannabis Inc. Options Jang, Diane 4 13/11/2017 00 Aurora Cannabis Inc. Options Jang, Diane 4 13/11/2017 00 Aurora Cannabis Inc. Options Jang, Diane 4 13/11/2017 00 Aurora Cannabis Inc. Options Jang, Diane 4 13/11/2017 00 Aurora Cannabis Inc. Options Jang, Diane 4 13/11/2017 50 4.64 100,000 Aurora Cannabis Inc. Options Jang, Diane 4 13/11/2017 50 4.64 100,000 Aurora Cannabis Inc. Options Jang, Diane 4 13/11/2017 50 4.64 100,000 100,000 Aurora Cannabis Inc. Common Shares Lesack, Dale 7 13/11/2017 10 5.3806 3,525,299 -100,000 Aurora Cannabis Inc. Common Shares Lesack, Dale 7 14/11/2017 10 6.45 3,475,299 -50,000 Aurora Cannabis Inc. Options Lesack, Dale 7 09/12/2014 00 Aurora Cannabis Inc. Options Lesack, Dale 7 13/11/2017 50 4.64 100,000 100,000 Aurora Cannabis Inc. Common Shares Levy, Ronan 5 13/11/2017 00 173,590 Aurora Cannabis Inc. Options Levy, Ronan 5 13/11/2017 00 250,000 Aurora Cannabis Inc. Common Shares Mayerson, Christopher 7 04/10/2017 10 2.83 2,068,000 -10,000 Aurora Cannabis Inc. Common Shares Mayerson, Christopher 7 13/11/2017 10 5.3 1,968,000 -100,000 Aurora Cannabis Inc. Common Shares Mayerson, Christopher 7 13/11/2017 10 5.7 1,818,000 -150,000 Aurora Cannabis Inc. Options Vleeming, Darryl Andrew 5 30/10/2017 00 Aurora Cannabis Inc. Options Vleeming, Darryl Andrew 5 13/11/2017 50 4.64 250,000 250,000

November 23, 2017 (2017), 40 OSCB 9375

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed AutoCanada Inc. Deferred share units Barefoot, Gordon Ronald 4, 7 15/11/2017 56 415 AutoCanada Inc. Deferred share units Barefoot, Gordon Ronald 4, 7 15/11/2017 56 8,400 415 AutoCanada Inc. Deferred share units DesRosiers, Dennis 4 15/11/2017 56 12,632 415 Stephan AutoCanada Inc. Deferred share units Dickinson, Arlene 4 15/11/2017 56 1,217 415 AutoCanada Inc. Deferred share units James, Barry Lee 4 15/11/2017 56 4,469 415 AutoCanada Inc. Deferred share units Keller, Maryann Natalie 4 15/11/2017 56 13,155 1,515 AutoCanada Inc. Deferred share units Ross, Michael 4 15/11/2017 56 9,625 415 Automotive Finco Corp. Common Shares Abasov, Farhad 4 08/11/2017 57 56,666 50,000 (formerly, Augyva Mining Resources Inc.) Automotive Finco Corp. Restricted Share Units Abasov, Farhad 4 08/11/2017 57 16,667 -50,000 (formerly, Augyva Mining (RSUs) Resources Inc.) Avanti Energy Inc. Common Shares Ford, Douglas Edward 4, 5 08/11/2017 10 0.155 25,680 -6,140 Avanti Energy Inc. Common Shares Leishman, David 4 09/11/2017 10 0.1 -8,200 -150,400 Avanti Energy Inc. Common Shares Pacific Equity Management 8 09/11/2017 10 0.1 16,667 -417,700 Corp B2Gold Corp. Common Shares Bullock, Kevin 4 16/11/2017 51 65,857 33,000 B2Gold Corp. Common Shares Bullock, Kevin 4 16/11/2017 10 32,857 -33,000 B2Gold Corp. Options Bullock, Kevin 4 16/11/2017 51 1.12 622,000 -33,000 BacTech Environmental Options Miller, Paul Charles 5 17/11/2017 50 0.1 700,000 300,000 Corporation Bank of Nova Scotia, The Common Shares Porter, Brian J 4, 5 08/06/2017 10 77.74 1,000 Bank of Nova Scotia, The Common Shares Porter, Brian J 4, 5 08/06/2017 10 77.74 3,000 1,000 Bannerman Resources Options Resource Capital Funds 4 15/11/2017 52 3,087,500 -916,100 Limited Management Pty Ltd BCE Inc. Common Shares Jamal, Rizwan 7 01/09/2010 00 20,326 BCE Inc. Common Shares Jamal, Rizwan 7 13/11/2017 10 61.35 0 -20,326 BCE Inc. Options Jamal, Rizwan 7 13/11/2017 51 35.83 235,586 -20,326 BCE Inc. Common Shares le Duc, Bernard 5 13/11/2017 30 61.34 4,559 -5,000 Bear Creek Mining Options Antunez de Mayolo, Elsiario 5 15/11/2017 52 3.55 790,000 -165,000 Corporation Beleave Inc. (formerly Common Shares Ferreira, Roger Emmanuel 4 08/11/2017 10 1.52 711,097 -10,000 Stream Ventures Inc.) Beleave Inc. (formerly Common Shares wnek, andrew thomas 4 10/11/2017 10 1.505 157,000 -10,000 Stream Ventures Inc.) Belo Sun Mining Corp. Common Shares Sun Valley Gold LLC 3 15/11/2017 10 0.4529 78,260,009 8,500 Belo Sun Mining Corp. Common Shares Sun Valley Gold LLC 3 17/11/2017 10 0.45 78,261,009 1,000 Belo Sun Mining Corp. Common Shares Sun Valley Gold Master 3 15/11/2017 10 0.4529 49,450,080 5,295 Fund, Ltd. Belo Sun Mining Corp. Common Shares Sun Valley Gold Master 3 17/11/2017 10 0.45 49,450,724 644 Fund, Ltd. Benton Resources Inc. Options Harper, William Sinclair 4 07/11/2017 50 450,000 150,000 Birchcliff Energy Ltd. Common Shares Gerlach, Debra 4 08/11/2017 00 11,000 Black Diamond Group Common Shares Kernaghan, Edward James 3 14/11/2017 10 2.05 2,678,800 10,000 Limited Black Diamond Group Common Shares Kernaghan, Edward James 3 14/11/2017 10 2.03 2,684,600 5,800 Limited Black Diamond Group Common Shares Kernaghan, Edward James 3 14/11/2017 10 2.02 2,701,100 16,500 Limited Black Diamond Group Common Shares Kernaghan, Edward James 3 14/11/2017 10 2.01 2,713,500 12,400 Limited Black Diamond Group Common Shares Kernaghan, Edward James 3 14/11/2017 10 2 2,716,000 2,500 Limited Black Diamond Group Common Shares Kernaghan, Edward James 3 15/11/2017 10 2.05 2,758,400 42,400 Limited

November 23, 2017 (2017), 40 OSCB 9376

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Black Diamond Group Common Shares Kernaghan, Edward James 3 15/11/2017 10 2.04 2,771,700 13,300 Limited Black Diamond Group Common Shares Kernaghan, Edward James 3 15/11/2017 10 2.03 2,791,700 20,000 Limited Black Diamond Group Common Shares Kernaghan, Edward James 3 15/11/2017 10 2.02 2,830,700 39,000 Limited Black Diamond Group Common Shares Kernaghan, Edward James 3 15/11/2017 10 2.01 2,834,200 3,500 Limited Black Diamond Group Common Shares Kernaghan, Edward James 3 15/11/2017 10 2 2,837,500 3,300 Limited Black Diamond Group Common Shares Kernaghan, Edward James 3 16/11/2017 10 2.08 2,845,500 8,000 Limited Black Diamond Group Common Shares Kernaghan, Edward James 3 16/11/2017 10 2.07 2,852,100 6,600 Limited Black Diamond Group Common Shares Kernaghan, Edward James 3 16/11/2017 10 2.06 2,855,500 3,400 Limited Black Diamond Group Common Shares Kernaghan, Edward James 3 16/11/2017 10 2.05 2,865,500 10,000 Limited Black Diamond Group Common Shares Kernaghan, Edward James 3 16/11/2017 10 2.03 2,879,300 13,800 Limited Black Diamond Group Common Shares Kernaghan, Edward James 3 16/11/2017 10 2.02 2,884,500 5,200 Limited Black Tusk Resources Inc. Options Grunenberg, Perry Brian 4 08/09/2017 00 Black Tusk Resources Inc. Options Grunenberg, Perry Brian 4 10/11/2017 50 100,000 100,000 Black Tusk Resources Inc. Options Mataev, Renat 4 08/09/2017 00 Black Tusk Resources Inc. Options Mataev, Renat 4 10/11/2017 50 100,000 100,000 Black Tusk Resources Inc. Options Penn, Richard Ryan 3, 4, 5 08/09/2017 00 Black Tusk Resources Inc. Options Penn, Richard Ryan 3, 4, 5 10/11/2017 50 350,000 350,000 Black Tusk Resources Inc. Options Rubin, Roman Reuven 3, 4, 5 08/09/2017 00 Black Tusk Resources Inc. Options Rubin, Roman Reuven 3, 4, 5 10/11/2017 50 350,000 350,000 Black Tusk Resources Inc. Options Tarasov, Alexander 3 08/09/2017 00 Black Tusk Resources Inc. Options Tarasov, Alexander 3 10/11/2017 50 100,000 100,000 BlackBerry Limited (formerly Common Shares Chen, John 4, 5 13/11/2017 57 10.69 5,180,995 3,249,999 Research In Motion Limited) BlackBerry Limited (formerly Common Shares Chen, John 4, 5 13/11/2017 10 10.353 3,381,283 -1,799,712 Research In Motion Limited) BlackBerry Limited (formerly Restricted Share Units Chen, John 4, 5 13/11/2017 57 6,500,000 -3,249,999 Research In Motion Limited) Blackline Safety Corp. Common Shares Swanson, Clark 3, 5 03/11/2017 10 4.45 415,418 -1,600 Blackline Safety Corp. Common Shares Swanson, Clark 3, 5 06/11/2017 10 4.5 414,718 -700 BlackPearl Resources Inc. Common Shares Festival, John Larry 4, 5 08/01/2009 00 BlackPearl Resources Inc. Common Shares Festival, John Larry 4, 5 16/11/2017 10 1.0658 177,900 177,900 Boralex Inc. Common Shares Giguère, Marie 4 09/11/2017 00 Boralex Inc. Common Shares Giguère, Marie 4 15/11/2017 10 22.18 3,000 3,000 Boyd Group Income Fund Trust Units Davis, Allan 4 16/11/2017 10 93.25 2,466 -1,900 Boyd Group Income Fund Trust Units Davis, Allan 4 16/11/2017 10 93.2 1,400 -2,100 Brookfield Asset Common Shares Class A Brookfield Asset 1 10/11/2017 38 53.197 100,000 100,000 Management Inc. Limited Voting Management Inc. Brookfield Asset Common Shares Class A Brookfield Asset 1 14/11/2017 38 52.695 297,200 197,200 Management Inc. Limited Voting Management Inc. Brookfield Asset Common Shares Class A Brookfield Asset 1 15/11/2017 38 52.618 397,200 100,000 Management Inc. Limited Voting Management Inc. Brookfield Asset Common Shares Class A Brookfield Asset 1 15/11/2017 30 0 -397,200 Management Inc. Limited Voting Management Inc. Brookfield Business Partners Limited Partnership Units Gardner, Anthony 4 08/11/2017 00 3,365 L.P. Brookfield Infrastructure Limited Partnership Units Varma, Danesh Kumar 4 14/11/2017 30 43.76 5,961 571 Partners L.P.

November 23, 2017 (2017), 40 OSCB 9377

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Brookfield Property Partners Limited Partnership Units DeNardo, Stephen 4 15/11/2017 10 22.47 16,250 400 L.P. Brookfield Property Partners Limited Partnership Units DeNardo, Stephen 4 15/11/2017 10 22.41 16,850 600 L.P. Brookfield Property Partners Limited Partnership Units DeNardo, Stephen 4 16/11/2017 10 22.32 17,650 800 L.P. Brookfield Property Partners Limited Partnership Units DeNardo, Stephen 4 15/11/2017 10 22.46 10,704 1,000 L.P. Brookfield Property Partners Limited Partnership Units DeNardo, Stephen 4 15/11/2017 10 22.4 11,704 1,000 L.P. Brookfield Property Partners Limited Partnership Units DeNardo, Stephen 4 16/11/2017 10 22.33 11,804 100 L.P. BTB Real Estate Investment Trust Units Cyr, Benoit 5 15/11/2017 10 4.56 73,037 5,500 Trust C-COM Satellite Systems Common Shares Fathi, Eliahu Tzion 4 08/11/2017 10 1.14 243,300 -5,000 Inc. C-COM Satellite Systems Common Shares Fathi, Eliahu Tzion 4 09/11/2017 10 1.14 243,100 -200 Inc. C-COM Satellite Systems Common Shares Fathi, Eliahu Tzion 4 09/11/2017 10 1.1 238,300 -4,800 Inc. C-COM Satellite Systems Common Shares Fathi, Eliahu Tzion 4 14/11/2017 10 1.15 228,300 -10,000 Inc. Cabral Gold Inc. Common Shares Oliver, Charles Fergus 4, 5 30/10/2017 00 Hoblyn Cabral Gold Inc. Common Shares Oliver, Charles Fergus 4, 5 30/10/2017 00 766,674 Hoblyn Cabral Gold Inc. Options Oliver, Charles Fergus 4, 5 30/10/2017 00 450,000 Hoblyn Cabral Gold Inc. Warrants Oliver, Charles Fergus 4, 5 30/10/2017 00 166,662 Hoblyn Cache Exploration Inc. Common Shares Bal, Jatinder Singh 4 08/11/2017 10 0.075 3,850,500 125,000 Cache Exploration Inc. Common Shares Bal, Jatinder Singh 4 09/11/2017 10 0.07 3,950,500 100,000 Cache Exploration Inc. Common Shares Bal, Jatinder Singh 4 13/11/2017 10 0.07 4,025,500 75,000 Cache Exploration Inc. Common Shares Bal, Jatinder Singh 4 14/11/2017 10 0.07 4,225,500 200,000 Cache Exploration Inc. Common Shares Bal, Jatinder Singh 4 16/11/2017 10 0.07 4,322,000 96,500 Calfrac Well Services Ltd. Common Shares Mathison, Ronald 4, 6 14/11/2017 10 5.5628 3,300,000 1,000,000 Calfrac Well Services Ltd. Common Shares Wilks, Dan 3 14/11/2017 10 5.6445 10,343,477 385,800 Calian Group Ltd. Common Shares Ford, Kevin Lee 5 15/11/2017 57 33 6,019 620 Calian Group Ltd. Rights Restricted Share Ford, Kevin Lee 5 15/11/2017 57 33 1,240 -620 Units Calian Group Ltd. Common Shares Gauthier, Jacqueline 5 15/11/2017 57 420 16,468 420 Calian Group Ltd. Rights Restricted Share Gauthier, Jacqueline 5 15/11/2017 57 33 840 -420 Units Calian Group Ltd. Common Shares Thera, Patrick Joseph 5 15/11/2017 57 33 4,202 420 Calian Group Ltd. Rights Restricted Share Thera, Patrick Joseph 5 15/11/2017 57 33 840 -420 Units Callidus Capital Corporation Common Shares Braslyn Ltd. 3 13/11/2017 10 10.927 6,992,601 9,800 Callidus Capital Corporation Common Shares Braslyn Ltd. 3 14/11/2017 10 10.313 7,012,801 20,200 Callidus Capital Corporation Common Shares Braslyn Ltd. 3 15/11/2017 10 10.259 7,037,501 24,700 Callidus Capital Corporation Common Shares Braslyn Ltd. 3 16/11/2017 10 10.106 7,052,501 15,000 Callidus Capital Corporation Common Shares Braslyn Ltd. 3 17/11/2017 10 10.156 7,057,401 4,900 Callidus Capital Corporation Common Shares Lewis, Joseph C. 3 13/11/2017 10 10.927 6,992,601 9,800 Callidus Capital Corporation Common Shares Lewis, Joseph C. 3 14/11/2017 10 10.313 7,012,801 20,200 Callidus Capital Corporation Common Shares Lewis, Joseph C. 3 15/11/2017 10 10.259 7,037,501 24,700 Callidus Capital Corporation Common Shares Lewis, Joseph C. 3 16/11/2017 10 10.106 7,052,501 15,000 Callidus Capital Corporation Common Shares Lewis, Joseph C. 3 17/11/2017 10 10.156 7,057,401 4,900 Canaccord Genuity Group Common Shares Freeman, Marcus Geoffrey 7 07/03/2014 00 Inc. John

November 23, 2017 (2017), 40 OSCB 9378

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Canaccord Genuity Group Common Shares Freeman, Marcus Geoffrey 7 14/11/2017 10 4.3364 13,300 13,300 Inc. John Canaccord Genuity Group Common Shares Freeman, Marcus Geoffrey 7 15/11/2017 10 4.4422 55,800 42,500 Inc. John Canaccord Genuity Group Common Shares Freeman, Marcus Geoffrey 7 16/11/2017 10 4.5695 150,000 94,200 Inc. John Canaccord Genuity Group Rights Restricted Share Whaling, Mark Driscoll 7 08/11/2017 57 -4,276 Inc. Units Canaccord Genuity Group Rights Restricted Share Whaling, Mark Driscoll 7 08/11/2017 57 -4,276 Inc. Units Canada Goose Holdings Inc. Options Black, John 5 13/11/2017 51 0.019 672,148 -40,000 Canada Goose Holdings Inc. Options Black, John 5 13/11/2017 51 0.019 632,148 -40,000 Canada Goose Holdings Inc. Options Black, John 5 14/11/2017 51 0.019 593,458 -38,690 Canada Goose Holdings Inc. Options Black, John 5 14/11/2017 51 0.019 573,690 -19,768 Canada Goose Holdings Inc. Subordinate Voting Black, John 5 13/11/2017 51 0.019 40,000 40,000 Shares Canada Goose Holdings Inc. Subordinate Voting Black, John 5 13/11/2017 10 31.385 0 -40,000 Shares Canada Goose Holdings Inc. Subordinate Voting Black, John 5 13/11/2017 51 0.019 40,000 40,000 Shares Canada Goose Holdings Inc. Subordinate Voting Black, John 5 13/11/2017 10 31.735 0 -40,000 Shares Canada Goose Holdings Inc. Subordinate Voting Black, John 5 14/11/2017 51 0.019 38,690 38,690 Shares Canada Goose Holdings Inc. Subordinate Voting Black, John 5 14/11/2017 10 31.644 0 -38,690 Shares Canada Goose Holdings Inc. Subordinate Voting Black, John 5 14/11/2017 51 0.019 19,768 19,768 Shares Canada Goose Holdings Inc. Subordinate Voting Black, John 5 14/11/2017 10 31.066 0 -19,768 Shares Canada Goose Holdings Inc. Options Forrest, David Martin 5 13/11/2017 51 1.7879 96,296 -14,814 Canada Goose Holdings Inc. Subordinate Voting Forrest, David Martin 5 30/05/2017 00 Shares Canada Goose Holdings Inc. Subordinate Voting Forrest, David Martin 5 13/11/2017 51 1.7879 14,814 14,814 Shares Canada Goose Holdings Inc. Subordinate Voting Forrest, David Martin 5 13/11/2017 10 31.424 0 -14,814 Shares Canada Goose Holdings Inc. Options MacKillop, Kara 5 13/11/2017 51 0.2505 162,611 -42,000 Canada Goose Holdings Inc. Subordinate Voting MacKillop, Kara 5 13/11/2017 51 0.2505 57,000 42,000 Shares Canada Goose Holdings Inc. Subordinate Voting MacKillop, Kara 5 13/11/2017 10 31.322 15,000 -42,000 Shares Canada Goose Holdings Inc. Options Mihaljevic, Ana 5 13/11/2017 51 1.7879 205,556 -14,444 Canada Goose Holdings Inc. Options Mihaljevic, Ana 5 13/11/2017 51 1.7879 192,593 -12,963 Canada Goose Holdings Inc. Subordinate Voting Mihaljevic, Ana 5 13/11/2017 51 1.7879 14,444 14,444 Shares Canada Goose Holdings Inc. Subordinate Voting Mihaljevic, Ana 5 13/11/2017 10 31.542 0 -14,444 Shares Canada Goose Holdings Inc. Subordinate Voting Mihaljevic, Ana 5 13/11/2017 51 1.7879 12,963 12,963 Shares Canada Goose Holdings Inc. Subordinate Voting Mihaljevic, Ana 5 13/11/2017 10 32 0 -12,963 Shares Canada Goose Holdings Inc. Options Moran, John 5 13/11/2017 51 1.7879 176,296 -40,000 Canada Goose Holdings Inc. Subordinate Voting Moran, John 5 13/11/2017 51 1.7879 40,000 40,000 Shares Canada Goose Holdings Inc. Subordinate Voting Moran, John 5 13/11/2017 10 31.426 0 -40,000 Shares Canada Goose Holdings Inc. Options Orr, Spencer 5 13/11/2017 51 0.019 397,161 -95,865 Canada Goose Holdings Inc. Subordinate Voting Orr, Spencer 5 13/11/2017 51 0.019 95,865 95,865 Shares

November 23, 2017 (2017), 40 OSCB 9379

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Canada Goose Holdings Inc. Subordinate Voting Orr, Spencer 5 13/11/2017 10 31.271 0 -95,865 Shares Canada Goose Holdings Inc. Options Pat, Jacob 5 13/11/2017 51 0.019 214,078 -8,333 Canada Goose Holdings Inc. Options Pat, Jacob 5 13/11/2017 51 0.019 205,745 -8,333 Canada Goose Holdings Inc. Options Pat, Jacob 5 13/11/2017 51 0.019 197,412 -8,333 Canada Goose Holdings Inc. Subordinate Voting Pat, Jacob 5 13/11/2017 51 0.019 8,333 8,333 Shares Canada Goose Holdings Inc. Subordinate Voting Pat, Jacob 5 13/11/2017 10 31.164 0 -8,333 Shares Canada Goose Holdings Inc. Subordinate Voting Pat, Jacob 5 13/11/2017 51 0.019 8,333 8,333 Shares Canada Goose Holdings Inc. Subordinate Voting Pat, Jacob 5 13/11/2017 10 31.039 0 -8,333 Shares Canada Goose Holdings Inc. Subordinate Voting Pat, Jacob 5 13/11/2017 51 0.019 8,333 8,333 Shares Canada Goose Holdings Inc. Subordinate Voting Pat, Jacob 5 13/11/2017 10 31.005 0 -8,333 Shares Canadian Natural Resources Common Shares Andersen, Troy John Peter 5 10/11/2017 51 28.74 1,425 1,425 Limited Canadian Natural Resources Common Shares Andersen, Troy John Peter 5 10/11/2017 10 46.323 0 -1,425 Limited Canadian Natural Resources Common Shares Andersen, Troy John Peter 5 10/11/2017 51 34.96 1,287 1,287 Limited Canadian Natural Resources Common Shares Andersen, Troy John Peter 5 10/11/2017 10 46.23 0 -1,287 Limited Canadian Natural Resources Common Shares Andersen, Troy John Peter 5 10/11/2017 51 35.64 1,287 1,287 Limited Canadian Natural Resources Common Shares Andersen, Troy John Peter 5 10/11/2017 10 46.27 0 -1,287 Limited Canadian Natural Resources Common Shares Andersen, Troy John Peter 5 10/11/2017 51 35.97 4,000 4,000 Limited Canadian Natural Resources Common Shares Andersen, Troy John Peter 5 10/11/2017 10 46.309 0 -4,000 Limited Canadian Natural Resources Common Shares Andersen, Troy John Peter 5 10/11/2017 51 32.75 10,000 10,000 Limited Canadian Natural Resources Common Shares Andersen, Troy John Peter 5 10/11/2017 10 46.338 0 -10,000 Limited Canadian Natural Resources Common Shares Andersen, Troy John Peter 5 10/11/2017 51 32.75 2,000 2,000 Limited Canadian Natural Resources Common Shares Andersen, Troy John Peter 5 10/11/2017 10 46.121 0 -2,000 Limited Canadian Natural Resources Options Andersen, Troy John Peter 5 10/11/2017 51 28.74 121,358 -1,425 Limited Canadian Natural Resources Options Andersen, Troy John Peter 5 10/11/2017 51 34.96 120,071 -1,287 Limited Canadian Natural Resources Options Andersen, Troy John Peter 5 10/11/2017 51 35.64 118,784 -1,287 Limited Canadian Natural Resources Options Andersen, Troy John Peter 5 10/11/2017 51 35.97 114,784 -4,000 Limited Canadian Natural Resources Options Andersen, Troy John Peter 5 10/11/2017 51 32.75 104,784 -10,000 Limited Canadian Natural Resources Options Andersen, Troy John Peter 5 10/11/2017 51 32.75 102,784 -2,000 Limited Canadian Natural Resources Common Shares Edwards, Norman Murray 4, 5 09/11/2017 10 46.2 21,322,509 -50,000 Limited Canadian Natural Resources Common Shares Edwards, Norman Murray 4, 5 10/11/2017 10 46.322 21,209,495 -113,014 Limited Canadian Natural Resources Common Shares Laing, Ronald Keith 5 09/11/2017 10 32.75 20,325 12,500 Limited Canadian Natural Resources Common Shares Laing, Ronald Keith 5 09/11/2017 10 46.21 7,825 -12,500 Limited

November 23, 2017 (2017), 40 OSCB 9380

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Canadian Natural Resources Options Laing, Ronald Keith 5 09/11/2017 51 46.21 310,000 -12,500 Limited Canadian Natural Resources Common Shares Stauth, Scott Gerald 5 10/11/2017 51 28.74 41,954 10,000 Limited Canadian Natural Resources Common Shares Stauth, Scott Gerald 5 10/11/2017 10 46.158 31,954 -10,000 Limited Canadian Natural Resources Common Shares Stauth, Scott Gerald 5 10/11/2017 51 34.96 44,454 12,500 Limited Canadian Natural Resources Common Shares Stauth, Scott Gerald 5 10/11/2017 10 46.158 31,954 -12,500 Limited Canadian Natural Resources Common Shares Stauth, Scott Gerald 5 10/11/2017 51 35.64 56,954 25,000 Limited Canadian Natural Resources Common Shares Stauth, Scott Gerald 5 10/11/2017 10 46.158 31,954 -25,000 Limited Canadian Natural Resources Options Stauth, Scott Gerald 5 10/11/2017 51 28.74 442,500 -10,000 Limited Canadian Natural Resources Options Stauth, Scott Gerald 5 10/11/2017 51 34.96 430,000 -12,500 Limited Canadian Natural Resources Options Stauth, Scott Gerald 5 10/11/2017 51 35.64 405,000 -25,000 Limited Canadian Natural Resources Options Zabek, Robin Sean 5 09/11/2017 51 28.06 109,908 -1,575 Limited Canadian Natural Resources Options Zabek, Robin Sean 5 09/11/2017 51 28.06 111,483 1,575 Limited Canadian Natural Resources Options Zabek, Robin Sean 5 09/11/2017 10 46.436 109,908 -1,575 Limited Canadian Natural Resources Options Zabek, Robin Sean 5 09/11/2017 51 28.74 108,333 -1,575 Limited Canadian Natural Resources Options Zabek, Robin Sean 5 09/11/2017 51 28.74 109,908 1,575 Limited Canadian Natural Resources Options Zabek, Robin Sean 5 09/11/2017 10 46.436 108,333 -1,575 Limited Canadian Orebodies Inc. Common Shares Cudney, Robert Douglas 3 03/11/2017 10 0.19 6,880,750 33,500 Canadian Orebodies Inc. Common Shares Cudney, Robert Douglas 3 07/11/2017 10 0.18 6,932,250 51,500 Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 10/11/2017 38 161.82 20,000 20,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 10/11/2017 38 0 -20,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 13/11/2017 38 163.37 20,000 20,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 13/11/2017 38 0 -20,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 14/11/2017 38 161.97 20,000 20,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 14/11/2017 38 0 -20,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 15/11/2017 38 161.17 20,000 20,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 15/11/2017 38 0 -20,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 16/11/2017 38 160.51 20,000 20,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 16/11/2017 38 0 -20,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 17/11/2017 38 160.89 20,000 20,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 17/11/2017 38 0 -20,000 Limited A Limited Canadian Tire Corporation, Options Craig, Gregory George 7, 5 13/11/2017 59 -6,355 Limited Canadian Tire Corporation, Options Craig, Gregory George 7, 5 13/11/2017 59 -6,355 Limited

November 23, 2017 (2017), 40 OSCB 9381

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Canadian Tire Corporation, Options Craig, Gregory George 7, 5 13/11/2017 59 20,520 -6,355 Limited Canadian Tire Corporation, Options Czank, Peter John 7, 5 09/11/2017 00 7,400 Limited Canadian Tire Corporation, Performance Share Units Czank, Peter John 7, 5 09/11/2017 00 1,905 Limited Canadian Tire Corporation, CTC Share Unit Fund Hicks, Gregory Hubert 5 09/11/2017 00 391 Limited (DPSP) Canadian Tire Corporation, Deferred Share Units Hicks, Gregory Hubert 5 09/11/2017 00 292 Limited Canadian Tire Corporation, Non-Voting Shares Class Hicks, Gregory Hubert 5 09/11/2017 00 225 Limited A Canadian Tire Corporation, Non-Voting Shares Class Hicks, Gregory Hubert 5 09/11/2017 00 2,015 Limited A (CT Savings Plan) Canadian Tire Corporation, Non-Voting Shares Class Hicks, Gregory Hubert 5 09/11/2017 00 184 Limited A (Share Purchase Plan) Canadian Tire Corporation, Options Hicks, Gregory Hubert 5 09/11/2017 00 27,443 Limited Canadian Tire Corporation, Performance Share Units Hicks, Gregory Hubert 5 09/11/2017 00 7,667 Limited Canarc Resource Corp. Common Shares Canarc Resource Corp. 1 17/11/2017 10 0.075 1,097,000 50,000 Cannabix Technologies Inc Common Shares Malhi, Kulwant 5 10/11/2017 10 0.82 441,670 -150,000 Cannabix Technologies Inc Common Shares Malhi, Kulwant 5 14/11/2017 10 1.63 362,670 -79,000 Cannabix Technologies Inc Common Shares Malhi, Kulwant 5 08/11/2017 10 0.88 -20,000 -200,000 Cannabix Technologies Inc Common Shares Malhi, Kulwant 5 08/11/2017 10 0.9 -100,000 -80,000 Cannabix Technologies Inc Common Shares Malhi, Kulwant 5 10/11/2017 10 0.82 -150,000 Canso Select Opportunities Units Class A Canso Investment Counsel 7 03/11/2017 10 10.64 373,100 1,700 Fund Ltd. CanWel Building Materials Common Shares Rosenfeld, Harry 6 13/11/2017 10 6.73 147,817 388 Group Ltd. CanWel Building Materials Common Shares Rosenfeld, Harry 6 13/11/2017 10 6.71 149,700 1,883 Group Ltd. Cardero Resource Corp. Options Ross, Stuart 5 15/08/2017 00 Cardero Resource Corp. Options Ross, Stuart 5 13/10/2017 50 0.15 380,000 380,000 Carl Data Solutions Inc. Options BDirect Online 4, 5 20/03/2017 50 0.36 391,303 54,939 Communications Inc Carl Data Solutions Inc. Options BDirect Online 4, 5 22/01/2015 50 0.1 70,000 Communications Inc Carl Data Solutions Inc. Options BDirect Online 4, 5 22/01/2015 50 0.1 700,000 Communications Inc Carl Data Solutions Inc. Options BDirect Online 4, 5 22/01/2015 50 0.11 700,000 700,000 Communications Inc Carl Data Solutions Inc. Common Shares Scharfe, Bradley Nixon 3 10/11/2017 10 0.27 4,076,318 -1,000,000 Carlaw Capital V Corp. Common Shares Bhalla, Amar 3, 4, 5 08/11/2017 38 600,000 -600,000 Carlaw Capital V Corp. Common Shares Bhalla, Amar 3, 4, 5 08/11/2017 38 300,000 -300,000 Carlaw Capital V Corp. Common Shares Kimel, Richard Michael 4 08/11/2017 38 50,000 -50,000 Carlaw Capital V Corp. Common Shares Sood, Ravi 4 08/11/2017 38 50,000 -50,000 Cascadero Copper Common Shares Lewis, Sharon Leigh 5 09/11/2017 10 0.08 183,000 -1,000 Corporation Cascadero Copper Common Shares Lewis, Sharon Leigh 5 10/11/2017 10 0.08 134,000 -49,000 Corporation Cascadero Copper Common Shares Lewis, Sharon Leigh 5 15/11/2017 51 0.05 334,000 200,000 Corporation Cascadero Copper Options Lewis, Sharon Leigh 5 15/11/2017 51 0.05 800,000 -200,000 Corporation Cathedral Energy Services Common Shares Wilks, Dan 3 13/11/2017 10 1.6414 6,234,534 156,800 Ltd. Cathedral Energy Services Common Shares Wilks, Dan 3 14/11/2017 10 1.5977 6,290,734 56,200 Ltd.

November 23, 2017 (2017), 40 OSCB 9382

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Centerra Gold Inc. Rights Restricted Share Connor, Richard Webster 4 14/11/2017 59 7.72 0 -3,087 Units Centerra Gold Inc. Common Shares Pressler, Sheryl 4 14/11/2017 57 7.72 36,560 771 Centerra Gold Inc. Rights Restricted Share Pressler, Sheryl 4 14/11/2017 59 7.72 771 -2,316 Units Centerra Gold Inc. Rights Restricted Share Pressler, Sheryl 4 14/11/2017 57 7.72 0 -771 Units Century Global Commodities Options Murphy, Paul 4 16/05/2016 52 85,000 -220,000 Corporation (formerly known as Century Iron Mines Corporation) Century Global Commodities Options Murphy, Paul 4 17/07/2017 52 0 -85,000 Corporation (formerly known as Century Iron Mines Corporation) Century Global Commodities Rights Deferred Share Murphy, Paul 4 17/07/2017 58 - Expiration 0 -30,000 Corporation (formerly known Units of rights as Century Iron Mines Corporation) Ceres Global Ag Corp. Common Shares Princeton Holdings Limited 3 15/11/2017 10 4.3755 4,686,400 8,500 Ceres Global Ag Corp. Common Shares Princeton Holdings Limited 3 16/11/2017 10 4.8227 4,707,400 21,000 Cervus Equipment Common Shares Sobic, Daniel Dragan 4 01/09/2017 00 Corporation Cervus Equipment Common Shares Sobic, Daniel Dragan 4 14/11/2017 10 12.082 1,000 1,000 Corporation CGI Group Inc. Rights Performance Share Godin, Serge 3, 4 15/11/2017 57 422,834 -172,068 Units CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 15/11/2017 57 172,068 172,068 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 15/11/2017 10 68.115 80,347 -91,721 Shares Classe A CGI Group Inc. Options Gorber, Lorne Shawn 5 13/11/2017 51 37.11 37,703 -2,289 CGI Group Inc. Options Gorber, Lorne Shawn 5 13/11/2017 51 39.47 36,141 -1,562 CGI Group Inc. Options Gorber, Lorne Shawn 5 13/11/2017 51 48.16 33,641 -2,500 CGI Group Inc. Subordinate Voting Gorber, Lorne Shawn 5 13/11/2017 51 37.11 2,289 2,289 Shares Classe A CGI Group Inc. Subordinate Voting Gorber, Lorne Shawn 5 13/11/2017 10 67.513 1,989 -300 Shares Classe A CGI Group Inc. Subordinate Voting Gorber, Lorne Shawn 5 13/11/2017 10 67.56 1,889 -100 Shares Classe A CGI Group Inc. Subordinate Voting Gorber, Lorne Shawn 5 13/11/2017 10 67.515 1,489 -400 Shares Classe A CGI Group Inc. Subordinate Voting Gorber, Lorne Shawn 5 13/11/2017 10 67.57 1,400 -89 Shares Classe A CGI Group Inc. Subordinate Voting Gorber, Lorne Shawn 5 13/11/2017 10 67.549 0 -1,400 Shares Classe A CGI Group Inc. Subordinate Voting Gorber, Lorne Shawn 5 13/11/2017 51 39.47 1,562 1,562 Shares Classe A CGI Group Inc. Subordinate Voting Gorber, Lorne Shawn 5 13/11/2017 10 67.42 1,262 -300 Shares Classe A CGI Group Inc. Subordinate Voting Gorber, Lorne Shawn 5 13/11/2017 10 67.49 1,200 -62 Shares Classe A CGI Group Inc. Subordinate Voting Gorber, Lorne Shawn 5 13/11/2017 10 67.447 0 -1,200 Shares Classe A CGI Group Inc. Subordinate Voting Gorber, Lorne Shawn 5 13/11/2017 51 48.16 2,500 2,500 Shares Classe A CGI Group Inc. Subordinate Voting Gorber, Lorne Shawn 5 13/11/2017 10 67.405 2,300 -200 Shares Classe A CGI Group Inc. Subordinate Voting Gorber, Lorne Shawn 5 13/11/2017 10 67.359 1,200 -1,100 Shares Classe A CGI Group Inc. Subordinate Voting Gorber, Lorne Shawn 5 13/11/2017 10 67.37 1,100 -100 Shares Classe A

November 23, 2017 (2017), 40 OSCB 9383

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed CGI Group Inc. Subordinate Voting Gorber, Lorne Shawn 5 13/11/2017 10 67.37 1,000 -100 Shares Classe A CGI Group Inc. Subordinate Voting Gorber, Lorne Shawn 5 13/11/2017 10 67.393 0 -1,000 Shares Classe A CGI Group Inc. Options Holgate, Colin Victor 5 15/11/2017 51 36.15 149,897 -13,771 CGI Group Inc. Options Holgate, Colin Victor 5 15/11/2017 51 37.82 129,585 -20,312 CGI Group Inc. Options Holgate, Colin Victor 5 15/11/2017 51 48.16 109,957 -19,628 CGI Group Inc. Subordinate Voting Holgate, Colin Victor 5 15/11/2017 51 36.15 20,312 20,312 Shares Classe A CGI Group Inc. Subordinate Voting Holgate, Colin Victor 5 15/11/2017 51 37.82 39,940 19,628 Shares Classe A CGI Group Inc. Subordinate Voting Holgate, Colin Victor 5 15/11/2017 51 48.16 53,711 13,771 Shares Classe A CGI Group Inc. Subordinate Voting Holgate, Colin Victor 5 15/11/2017 10 68.07 0 -53,711 Shares Classe A CGI Group Inc. Options Roach, Michael 4 13/11/2017 51 15.49 399,005 -62,500 CGI Group Inc. Options Roach, Michael 4 14/11/2017 51 15.49 311,505 -87,500 CGI Group Inc. Options Roach, Michael 4 15/11/2017 51 15.49 290,105 -21,400 CGI Group Inc. Options Roach, Michael 4 16/11/2017 51 15.49 261,505 -28,600 CGI Group Inc. Subordinate Voting Roach, Michael 4 13/11/2017 51 15.49 309,563 62,500 Shares Classe A CGI Group Inc. Subordinate Voting Roach, Michael 4 13/11/2017 10 67.591 299,663 -9,900 Shares Classe A CGI Group Inc. Subordinate Voting Roach, Michael 4 13/11/2017 10 67.573 299,463 -200 Shares Classe A CGI Group Inc. Subordinate Voting Roach, Michael 4 13/11/2017 10 67.5 299,363 -100 Shares Classe A CGI Group Inc. Subordinate Voting Roach, Michael 4 13/11/2017 10 67.56 298,063 -1,300 Shares Classe A CGI Group Inc. Subordinate Voting Roach, Michael 4 13/11/2017 10 67.591 289,663 -8,400 Shares Classe A CGI Group Inc. Subordinate Voting Roach, Michael 4 13/11/2017 10 67.518 247,063 -42,600 Shares Classe A CGI Group Inc. Subordinate Voting Roach, Michael 4 14/11/2017 51 15.49 334,563 87,500 Shares Classe A CGI Group Inc. Subordinate Voting Roach, Michael 4 14/11/2017 10 67.5 322,063 -12,500 Shares Classe A CGI Group Inc. Subordinate Voting Roach, Michael 4 14/11/2017 10 67.55 297,063 -25,000 Shares Classe A CGI Group Inc. Subordinate Voting Roach, Michael 4 14/11/2017 10 67.6 250,463 -46,600 Shares Classe A CGI Group Inc. Subordinate Voting Roach, Michael 4 14/11/2017 10 67.55 247,063 -3,400 Shares Classe A CGI Group Inc. Subordinate Voting Roach, Michael 4 15/11/2017 51 15.49 268,463 21,400 Shares Classe A CGI Group Inc. Subordinate Voting Roach, Michael 4 15/11/2017 10 68.25 247,063 -21,400 Shares Classe A CGI Group Inc. Subordinate Voting Roach, Michael 4 16/11/2017 51 15.49 275,663 28,600 Shares Classe A CGI Group Inc. Subordinate Voting Roach, Michael 4 16/11/2017 10 68.25 247,063 -28,600 Shares Classe A Cheetah Canyon Resources Common Shares Bal, Jatinder Singh 4 10/11/2017 10 0.07 1,368,000 -171,000 Corp. Chemtrade Logistics Income Rights Deferred Trust Colcleugh, Dave 4 17/12/2003 00 Fund Units Chemtrade Logistics Income Rights Deferred Trust Colcleugh, Dave 4 10/05/2017 30 18.45 1,777 1,777 Fund Units Chemtrade Logistics Income Rights Deferred Trust Colcleugh, Dave 4 17/11/2017 99 84,311 82,534 Fund Units Chemtrade Logistics Income Rights Deferred Trust Colcleugh, Dave 4 17/11/2017 59 19.01 0 -84,311 Fund Units

November 23, 2017 (2017), 40 OSCB 9384

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Chemtrade Logistics Income Trust Units Colcleugh, Dave 4 17/11/2017 99 30,740 -82,534 Fund Chemtrade Logistics Income Rights Deferred Trust Di Clemente, Lucio 4 07/07/2009 00 Fund Units Chemtrade Logistics Income Rights Deferred Trust Di Clemente, Lucio 4 17/11/2017 99 26,031 26,031 Fund Units Chemtrade Logistics Income Trust Units Di Clemente, Lucio 4 17/11/2017 99 0 -26,031 Fund Chemtrade Logistics Income Rights Deferred Trust Gee, David 4 17/05/2001 00 Fund Units Chemtrade Logistics Income Rights Deferred Trust Gee, David 4 17/11/2017 99 56,632 56,632 Fund Units Chemtrade Logistics Income Trust Units Gee, David 4 17/11/2017 99 0 -56,632 Fund Chemtrade Logistics Income Rights Deferred Trust McArthur, Susan J. 4 08/08/2012 00 Fund Units Chemtrade Logistics Income Rights Deferred Trust McArthur, Susan J. 4 17/11/2017 99 22,605 22,605 Fund Units Chemtrade Logistics Income Trust Units McArthur, Susan J. 4 17/11/2017 99 3,800 -22,605 Fund Chemtrade Logistics Income Rights Deferred Trust Rethy, Katherine Anne 4 01/07/2015 00 Fund Units Chemtrade Logistics Income Rights Deferred Trust Rethy, Katherine Anne 4 17/11/2017 99 13,097 13,097 Fund Units Chemtrade Logistics Income Trust Units Rethy, Katherine Anne 4 17/11/2017 99 2,000 -13,097 Fund Chemtrade Logistics Income Rights Deferred Trust Waisberg, Lorie 4 01/06/2003 00 Fund Units Chemtrade Logistics Income Rights Deferred Trust Waisberg, Lorie 4 17/11/2017 99 47,102 47,102 Fund Units Chemtrade Logistics Income Trust Units Waisberg, Lorie 4 17/11/2017 99 0 -47,102 Fund Choice Properties Real Options Wingerak, Dallas Marie 5 14/11/2017 51 10.04 195,991 -5,000 Estate Investment Trust Choice Properties Real Options Wingerak, Dallas Marie 5 14/11/2017 51 10.81 195,191 -800 Estate Investment Trust Choice Properties Real Trust Units Wingerak, Dallas Marie 5 14/11/2017 51 10.04 12,452 5,000 Estate Investment Trust Choice Properties Real Trust Units Wingerak, Dallas Marie 5 14/11/2017 51 10.81 13,252 800 Estate Investment Trust Choice Properties Real Trust Units Wingerak, Dallas Marie 5 14/11/2017 10 13.55 8,252 -5,000 Estate Investment Trust Choice Properties Real Trust Units Wingerak, Dallas Marie 5 14/11/2017 10 13.55 7,452 -800 Estate Investment Trust Chorus Aviation Inc. Class B Voting Shares Copp, Colin 5 14/11/2017 51 4.5 50,633 24,100 Chorus Aviation Inc. Class B Voting Shares Copp, Colin 5 14/11/2017 10 9.8 26,533 -24,100 Chorus Aviation Inc. Options Copp, Colin 5 14/11/2017 51 4.5 525,900 -24,100 Chorus Aviation Inc. Class B Voting Shares Giampa, Franco 7 14/11/2017 51 4.5 171,271 100,000 Chorus Aviation Inc. Class B Voting Shares Giampa, Franco 7 14/11/2017 10 9.8 71,271 -100,000 Chorus Aviation Inc. Options Giampa, Franco 7 14/11/2017 51 4.5 0 -100,000 Chorus Aviation Inc. Class B Voting Shares Osborne, Gary James 7 14/11/2017 51 4.5 143,300 43,300 Chorus Aviation Inc. Class B Voting Shares Osborne, Gary James 7 14/11/2017 10 9.8 100,000 -43,300 Chorus Aviation Inc. Options Osborne, Gary James 7 14/11/2017 51 4.5 106,700 -43,300 CIBT Education Group Inc. Common Shares Chu, Toby 4, 5 12/06/2017 10 0.725 5,956,847 10,000 CIBT Education Group Inc. Common Shares Chu, Toby 4, 5 12/10/2017 10 0.73 5,966,847 10,000 CIBT Education Group Inc. Common Shares Chu, Toby 4, 5 13/11/2017 10 0.69 5,971,847 5,000 Cineplex Inc. Common Shares Legault, Lorraine Marie 5 13/11/2017 10 37.13 0 -1,625 Cineplex Inc. Common Shares Marwah, Sarabjit 4 14/11/2017 10 37.07 10,000 5,000 Cipher Pharmaceuticals Inc. Common Shares Beaudet, Mark 4 15/11/2017 30 3.86 56,806 1,393

November 23, 2017 (2017), 40 OSCB 9385

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Cipher Pharmaceuticals Inc. Common Shares Godin, Christian 4 15/11/2017 30 3.86 4,741 218 Cipher Pharmaceuticals Inc. Common Shares Lemieux, Stephen 5 15/11/2017 30 3.86 5,170 313 Cipher Pharmaceuticals Inc. Common Shares Wolkin, Harold Morton 4 15/11/2017 30 3.86 111,755 1,004 Clearwater Seafoods Common Shares Craighead, Jane 4 13/11/2017 10 7.32 22,600 300 Incorporated Clearwater Seafoods Common Shares Craighead, Jane 4 13/11/2017 10 7.3265 28,400 5,800 Incorporated Clearwater Seafoods Common Shares Craighead, Jane 4 13/11/2017 10 7.3233 29,300 900 Incorporated Clearwater Seafoods Common Shares Fortney, Teresa 5 13/11/2017 10 7.25 23,000 5,000 Incorporated Clearwater Seafoods Common Shares Hood, Richard Lawrence 4 15/11/2017 10 7.0497 5,000 5,000 Incorporated Gillis Clearwater Seafoods Common Shares Hood, Richard Lawrence 4 16/11/2017 10 7.12 10,000 5,000 Incorporated Gillis Clearwater Seafoods Common Shares Hood, Richard Lawrence 4 16/11/2017 10 7.13 12,300 2,300 Incorporated Gillis Clearwater Seafoods Common Shares Hood, Richard Lawrence 4 16/11/2017 10 7.13 15,000 2,700 Incorporated Gillis Clearwater Seafoods Common Shares MacDonald, Colin 3, 4 15/11/2017 11 6.95 678,800 14,500 Incorporated Clearwater Seafoods Common Shares Paddick, Brendan John 4 14/11/2017 10 7.15 170,000 20,000 Incorporated Clearwater Seafoods Common Shares Smith, Ian David 5 10/12/2015 11 12.33 1,400 -2,200 Incorporated Clearwater Seafoods Common Shares Smith, Ian David 5 14/11/2017 10 7.0875 7,000 5,600 Incorporated Clearwater Seafoods Common Shares Smith, Ian David 5 14/11/2017 10 5.592 14,000 7,000 Incorporated Clearwater Seafoods Common Shares Spavold, Stanley William 4 16/11/2017 10 7.19 41,500 20,000 Incorporated Leo Cloud Nine Education Group Common Shares Lee, Peter 5 03/11/2017 50 0.055 1,250,000 500,000 Ltd. Cloud Nine Education Group Common Shares Lee, Peter 5 10/11/2017 51 0.055 500,000 Ltd. Cloud Nine Education Group Common Shares Lee, Peter 5 10/11/2017 51 0.055 500,000 Ltd. Cloud Nine Education Group Options Lee, Peter 5 03/11/2017 50 0.055 800,000 500,000 Ltd. Cloud Nine Education Group Options Lee, Peter 5 08/11/2017 51 0.055 300,000 -500,000 Ltd. CO2 Solutions Inc. Warrants Fradette, Louis 5 03/07/2014 16 166,666 CO2 Solutions Inc. Warrants Fradette, Louis 5 03/07/2014 16 208,336 166,666 CO2 Solutions Inc. Warrants Kelly, Glenn Robert 4, 5 17/07/2014 16 50,000 CO2 Solutions Inc. Warrants Kelly, Glenn Robert 4, 5 17/07/2014 16 58,334 50,000 CO2 Solutions Inc. Warrants Manherz, Robert 3, 4 03/07/2014 16 2,000,000 CO2 Solutions Inc. Warrants Manherz, Robert 3, 4 03/07/2014 16 5,512,781 2,000,000 CO2 Solutions Inc. Warrants Price, Evan 4, 5 03/07/2014 16 666,667 CO2 Solutions Inc. Warrants Price, Evan 4, 5 03/07/2014 16 929,188 666,667 Cogeco Cable Inc. Performance Share Units / Jolivet, Christian 5 31/10/2014 57 61.22 900 Unite d'action performance Cogeco Cable Inc. Performance Share Units / Jolivet, Christian 5 31/10/2014 56 61.22 900 Unite d'action performance Cogeco Cable Inc. Performance Share Units / Jolivet, Christian 5 31/10/2014 56 61.22 1,060 Unite d'action performance Cogeco Cable Inc. Performance Share Units / Jolivet, Christian 5 31/10/2014 56 61.22 958 958 Unite d'action performance

November 23, 2017 (2017), 40 OSCB 9386

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Cogeco Cable Inc. Performance Share Units / Ouimet, Patrice 5 17/11/2014 56 63.66 1,800 Unite d'action performance Cogeco Cable Inc. Performance Share Units / Ouimet, Patrice 5 17/11/2014 56 63.66 1,915 1,915 Unite d'action performance Cogeco Communications Inc. Performance Share Units / Ouimet, Patrice 5 03/11/2017 35 5,290 31 Unite d'action performance Cogeco Communications Inc. Performance Share Units / Ouimet, Patrice 5 16/11/2017 57 88.63 6,760 -2,030 Unite d'action performance Cogeco Communications Inc. Subordinate Voting Ouimet, Patrice 5 16/11/2017 57 88.63 1,497 940 Shares actions subalternes à droit de vote Cogeco Inc Subordinate Voting ALVES, ELIZABETH 5 13/11/2017 10 88.04 5 -285 Shares actions subalternes à droit de vote Cogeco Inc Subordinate Voting Dorval, Nathalie 5 13/11/2017 10 87.03 5 -475 Shares actions subalternes à droit de vote Cogeco Inc Subordinate Voting Jolivet, Christian 5 16/11/2017 10 89.64 2,935 -450 Shares actions subalternes à droit de vote Cogeco Inc Subordinate Voting Jolivet, Christian 5 16/11/2017 10 89.65 2,435 -500 Shares actions subalternes à droit de vote Cogeco Inc Subordinate Voting Maheux, Pierre 5 13/11/2017 10 88.42 -275 Shares actions subalternes à droit de vote Cogeco Inc Subordinate Voting Maheux, Pierre 5 13/11/2017 10 88.42 188 -220 Shares actions subalternes à droit de vote Cogeco Inc Subordinate Voting Maheux, Pierre 5 13/11/2017 10 88.43 -45 Shares actions subalternes à droit de vote Cogeco Inc Subordinate Voting Maheux, Pierre 5 13/11/2017 10 88.43 88 -100 Shares actions subalternes à droit de vote Cogeco Inc Subordinate Voting NYISZTOR, Diane 5 13/11/2017 10 86.93 -713 Shares actions subalternes à droit de vote Cogeco Inc Subordinate Voting NYISZTOR, Diane 5 13/11/2017 10 86.91 742 -200 Shares actions subalternes à droit de vote Cogeco Inc Subordinate Voting NYISZTOR, Diane 5 13/11/2017 10 86.79 542 -200 Shares actions subalternes à droit de vote Cogeco Inc Subordinate Voting NYISZTOR, Diane 5 13/11/2017 10 86.8 529 -13 Shares actions subalternes à droit de vote Cogeco Inc Subordinate Voting NYISZTOR, Diane 5 13/11/2017 10 87.24 329 -200 Shares actions subalternes à droit de vote Cogeco Inc Subordinate Voting NYISZTOR, Diane 5 13/11/2017 10 86.63 229 -100 Shares actions subalternes à droit de vote Cogeco Inc Incentive Units/Unités Ouimet, Patrice 5 16/11/2017 57 89.67 8,000 -1,900 incitatives Cogeco Inc Performance Share Units / Ouimet, Patrice 5 17/11/2014 56 56.78 1,900 Unite d'action performance Cogeco Inc Performance Share Units / Ouimet, Patrice 5 17/11/2014 56 56.78 2,021 2,021 Unite d'action performance

November 23, 2017 (2017), 40 OSCB 9387

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Cogeco Inc Performance Share Units / Ouimet, Patrice 5 03/11/2017 35 6,071 29 Unite d'action performance Cogeco Inc Performance Share Units / Ouimet, Patrice 5 16/11/2017 57 89.67 8,065 -2,131 Unite d'action performance Cogeco Inc Subordinate Voting Ouimet, Patrice 5 16/11/2017 57 89.67 1,984 984 Shares actions subalternes à droit de vote Cogeco Inc Subordinate Voting Ouimet, Patrice 5 16/11/2017 57 89.67 2,862 878 Shares actions subalternes à droit de vote Colabor Group Inc. Common Shares Briscoe, Robert John 3, 4, 5 10/11/2017 10 0.75 7,154,313 135,500 Colabor Group Inc. Common Shares Briscoe, Robert John 3, 4, 5 13/11/2017 10 0.75 7,264,313 110,000 Colabor Group Inc. Common Shares Briscoe, Robert John 3, 4, 5 14/11/2017 10 0.75 7,268,813 4,500 COLLIERS Subordinate Voting Friedrichsen, John 5 09/11/2017 10 75 410,000 -3,900 INTERNATIONAL GROUP Shares INC. COLLIERS Subordinate Voting Friedrichsen, John 5 15/11/2017 10 75.5 409,200 -800 INTERNATIONAL GROUP Shares INC. COLLIERS Subordinate Voting Friedrichsen, John 5 16/11/2017 10 76.15 409,000 -200 INTERNATIONAL GROUP Shares INC. COLLIERS Subordinate Voting Friedrichsen, John 5 16/11/2017 10 76.1 400,000 -9,000 INTERNATIONAL GROUP Shares INC. Cominar Real Estate Trust Units Bachand, Luc 4 16/11/2017 10 14.05 8,700 2,000 Investment Trust Cona Resources Ltd. Performance Awards Morgan, Robert J. 4, 5 24/10/2017 00 (formerly, Northern Blizzard Resources Inc.) Cona Resources Ltd. Performance Awards Morgan, Robert J. 4, 5 13/11/2017 56 155,000 155,000 (formerly, Northern Blizzard Resources Inc.) Cona Resources Ltd. Time-based Awards Morgan, Robert J. 4, 5 24/10/2017 00 (formerly, Northern Blizzard Resources Inc.) Cona Resources Ltd. Time-based Awards Morgan, Robert J. 4, 5 13/11/2017 56 155,000 155,000 (formerly, Northern Blizzard Resources Inc.) Conifex Timber Inc. Common Shares North, Janine Marie 4 14/02/2017 99 0 -15,000 Conifex Timber Inc. Common Shares North, Janine Marie 4 22/06/2017 10 3.05 2,600 Conifex Timber Inc. Common Shares North, Janine Marie 4 22/06/2017 10 3.08 2,400 Conifex Timber Inc. Common Shares North, Janine Marie 4 14/02/2017 99 15,000 15,000 Conifex Timber Inc. Common Shares North, Janine Marie 4 22/06/2017 10 3.05 27,600 2,600 Conifex Timber Inc. Common Shares North, Janine Marie 4 22/06/2017 10 3.08 30,000 2,400 Conifex Timber Inc. Common Shares North, Janine Marie 4 10/11/2017 10 4.97 40,000 10,000 Constellation Software Inc. Common Shares Symons, Barry Alan 5 05/10/2017 30 704.98 3,720 6 Constellation Software Inc. Common Shares Symons, Barry Alan 5 05/10/2017 30 704.98 420 1 Copper Mountain Mining Options Tapics, John Andrew 4 11/04/2017 52 4.52 450,000 -100,000 Corporation Copperbank Resources Common Shares Kovacevic, John Gianni 4, 5 15/11/2017 10 0.115 16,617,800 50,000 Corp. Covalon Technologies Ltd. Common Shares Cordiano, Joseph 4 26/03/2015 50 1.4 5,000 Covalon Technologies Ltd. Common Shares Cordiano, Joseph 4 26/03/2015 50 1.4 5,000 Covalon Technologies Ltd. Common Shares Cordiano, Joseph 4 13/10/2017 54 1 30,000 Covalon Technologies Ltd. Common Shares Cordiano, Joseph 4 13/10/2017 54 1 60,000 30,000 Crombie Real Estate Trust Units Special Voting Empire Company Limited 3 15/11/2017 30 13.266 61,583,525 69,852 Investment Trust Cronos Group Inc. Options Shum, Xiuming 5 14/11/2017 00 263,000

November 23, 2017 (2017), 40 OSCB 9388

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Crown Capital Partners Inc. Common Shares Crown Capital Partners Inc. 1 15/11/2017 10 9.8816 6,700 6,700 Crown Capital Partners Inc. Common Shares Crown Capital Partners Inc. 1 17/11/2017 38 0 -6,700 Crown Point Energy Inc. Options Deren, Denny Grant Frank 4 09/06/2015 52 1.22 430,000 -50,000 Crown Point Energy Inc. Options Deren, Denny Grant Frank 4 18/03/2016 52 1.96 330,000 -100,000 Crown Point Energy Inc. Options Deren, Denny Grant Frank 4 01/05/2017 52 0.78 230,000 -100,000 Crown Point Energy Inc. Options Kettleson, Gordon R. 4 09/06/2015 52 1.22 540,000 -50,000 Crown Point Energy Inc. Options Kettleson, Gordon R. 4 18/03/2016 52 1.96 420,000 -120,000 Crown Point Energy Inc. Options Kettleson, Gordon R. 4 01/05/2017 52 0.78 300,000 -120,000 Crown Point Energy Inc. Options Moss, Brian 5 31/05/2017 52 0.78 700,000 -150,000 Crown Point Energy Inc. Options Moss, Brian 5 15/06/2017 52 0.58 550,000 -150,000 Crown Point Energy Inc. Options Turnbull, Keith Stewart 4 01/05/2017 52 0.78 150,000 -150,000 Crystal Peak Minerals Inc. Rights Restricted Stock Basse, Daniel William 4 20/05/2011 00 Units Crystal Peak Minerals Inc. Rights Restricted Stock Basse, Daniel William 4 13/11/2017 56 909,269 909,269 Units Crystal Peak Minerals Inc. Rights Restricted Stock Bloomquist, De Lyle Wade 4 12/10/2011 00 Units Crystal Peak Minerals Inc. Rights Restricted Stock Bloomquist, De Lyle Wade 4 13/11/2017 56 1,011,369 Units Crystal Peak Minerals Inc. Rights Restricted Stock Bloomquist, De Lyle Wade 4 13/11/2017 56 1,011,369 Units Crystal Peak Minerals Inc. Rights Restricted Stock Bloomquist, De Lyle Wade 4 13/11/2017 56 1,011,369 1,011,369 Units Crystal Peak Minerals Inc. Rights Restricted Stock Botts, Theodore P. 4 20/05/2011 00 Units Crystal Peak Minerals Inc. Rights Restricted Stock Botts, Theodore P. 4 13/11/2017 56 1,031,513 1,031,513 Units Crystal Peak Minerals Inc. Options Carroll, Donald Anthony 4 13/11/2017 50 725,000 250,000 Crystal Peak Minerals Inc. Rights Restricted Stock Carroll, Donald Anthony 4 29/05/2015 00 Units Crystal Peak Minerals Inc. Rights Restricted Stock Carroll, Donald Anthony 4 13/11/2017 50 250,000 Units Crystal Peak Minerals Inc. Rights Restricted Stock Carroll, Donald Anthony 4 13/11/2017 50 250,000 Units Crystal Peak Minerals Inc. Options Curtis, Robert Andrew 4 13/11/2017 50 550,000 250,000 Crystal Peak Minerals Inc. Options Hood, Aaron John 4 13/11/2017 50 250,000 250,000 Crystal Peak Minerals Inc. Options Measom, Blake Lawrence 5 13/11/2017 50 600,000 300,000 Crystal Peak Minerals Inc. Rights Restricted Stock Mulhall, John 4 18/08/2016 00 Units Crystal Peak Minerals Inc. Rights Restricted Stock Mulhall, John 4 13/11/2017 56 120,000 120,000 Units Crystal Peak Minerals Inc. Options Pekeski, Dean Edward 5 13/11/2017 50 550,000 250,000 Crystal Peak Minerals Inc. Rights Restricted Stock Pladsen, Thomas John 4 12/03/2010 00 Units Crystal Peak Minerals Inc. Rights Restricted Stock Pladsen, Thomas John 4 13/11/2017 56 1,009,458 1,009,458 Units Crystal Peak Minerals Inc. Options Silleroy, Woods 5 13/11/2017 50 1,100,000 175,000 CWC Energy Services Corp. Rights Apps, Robert Charles 5 26/04/2016 00 Nelson CWC Energy Services Corp. Rights Apps, Robert Charles 5 15/11/2017 56 300,000 Nelson CWC Energy Services Corp. Rights Apps, Robert Charles 5 15/11/2017 56 300,000 300,000 Nelson CWC Energy Services Corp. Rights Au, Duncan Tak-Yan 4, 5 15/11/2017 56 4,016,666 4,016,666 CWC Energy Services Corp. Rights Austin, Daryl George 4 15/11/2017 56 16,299,797 16,299,797 CWC Energy Services Corp. Rights CWC Energy Services 1 02/09/2010 00 Corp.

November 23, 2017 (2017), 40 OSCB 9389

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed CWC Energy Services Corp. Rights CWC Energy Services 1 15/11/2017 56 405,000 Corp. CWC Energy Services Corp. Rights CWC Energy Services 1 15/11/2017 56 405,000 Corp. CWC Energy Services Corp. Rights CWC Energy Services 1 15/11/2017 56 405,000 405,000 Corp. CWC Energy Services Corp. Rights Donohue, Paul Francis 5 20/06/2016 00 CWC Energy Services Corp. Rights Donohue, Paul Francis 5 15/11/2017 56 215,000 215,000 CWC Energy Services Corp. Rights Dubois, Michael 5 15/11/2017 56 46,333 46,333 CWC Energy Services Corp. Rights Flint, Craig 5 05/01/2015 00 CWC Energy Services Corp. Rights Flint, Craig 5 15/11/2017 56 50,000 50,000 CWC Energy Services Corp. Rights Flint, Craig 5 15/11/2017 56 285,000 285,000 CWC Energy Services Corp. Rights McGowan, Wade John 4 15/11/2017 56 1,691,500 1,691,500 CWC Energy Services Corp. Rights McGowan, Wade John 4 15/11/2017 56 782,936 782,936 CWC Energy Services Corp. Rights McIntyre, Darwin Lloyd 5 15/11/2017 56 475,000 475,000 DataMetrex AI Limited Common Shares Stevens, Jeff 5 14/11/2017 10 0.18 1,900,000 -350,000 (previously, Everfront Ventures Corp.) Declan Resources Inc. Common Shares Gahagan, Michelle 4, 5 02/11/2011 00 Declan Resources Inc. Common Shares Gahagan, Michelle 4, 5 10/11/2017 11 0.14 1,250,000 1,250,000 Declan Resources Inc. Warrants Gahagan, Michelle 4, 5 02/11/2011 00 Declan Resources Inc. Warrants Gahagan, Michelle 4, 5 10/11/2017 11 0.25 1,250,000 1,250,000 Delphi Energy Corp. Common Shares HARRISON, PETER T 4 18/05/2017 00 Delphi Energy Corp. Common Shares HARRISON, PETER T 4 15/11/2017 10 1.22 27,000 27,000 Delphi Energy Corp. Common Shares HARRISON, PETER T 4 16/11/2017 10 1.22 35,000 8,000 Delphi Energy Corp. Common Shares SANDMEYER, DAVID 4 14/10/2017 10 1.2 5,000 JAMES Delphi Energy Corp. Common Shares SANDMEYER, DAVID 4 14/11/2017 10 1.2 55,000 5,000 JAMES Delphi Energy Corp. Common Shares Tolley, Lamont, Clement 4 13/11/2017 10 1.27 30,000 30,000 Delphi Energy Corp. Common Shares Tolley, Lamont, Clement 4 14/11/2017 10 1.18 50,000 20,000 Devonian Health Group Inc. Subordinate Voting Carrière, Germain 4 12/05/2017 15 0.75 49,767 13,000 Shares Devonian Health Group Inc. Warrants Carrière, Germain 4 12/05/2017 15 24,884 6,500 Dream Hard Asset Units Cooper, Michael 7, 5 15/11/2017 10 6.1848 8,587,800 31,300 Alternatives Trust Dream Hard Asset Units Cooper, Michael 7, 5 16/11/2017 10 6.2318 8,610,400 22,600 Alternatives Trust Dream Hard Asset Units Cooper, Michael 7, 5 17/11/2017 10 6.2809 8,650,900 40,500 Alternatives Trust Dream Hard Asset Units Dream Asset Management 5 15/11/2017 10 6.1848 628,900 31,300 Alternatives Trust Corporation Dream Hard Asset Units Dream Asset Management 5 16/11/2017 10 6.2318 651,500 22,600 Alternatives Trust Corporation Dream Hard Asset Units Dream Asset Management 5 17/11/2017 10 6.2809 692,000 40,500 Alternatives Trust Corporation Dream Office Real Estate Trust Units Series A Cooper, Michael 4, 7, 5 14/11/2017 10 21.3 5,011,015 30,100 Investment Trust Dream Office Real Estate Trust Units Series A Cooper, Michael 4, 7, 5 15/11/2017 10 21.364 5,055,715 44,700 Investment Trust Dream Office Real Estate Trust Units Series A Cooper, Michael 4, 7, 5 16/11/2017 10 21.479 5,090,215 34,500 Investment Trust Dream Office Real Estate Trust Units Series A Cooper, Michael 4, 7, 5 17/11/2017 10 21.476 5,132,015 41,800 Investment Trust Dream Office Real Estate Trust Units Series A Dream Asset Management 5 14/11/2017 10 21.3 1,211,362 30,100 Investment Trust Corporation Dream Office Real Estate Trust Units Series A Dream Asset Management 5 15/11/2017 10 21.364 1,256,062 44,700 Investment Trust Corporation

November 23, 2017 (2017), 40 OSCB 9390

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Dream Office Real Estate Trust Units Series A Dream Asset Management 5 16/11/2017 10 21.479 1,290,562 34,500 Investment Trust Corporation Dream Office Real Estate Trust Units Series A Dream Asset Management 5 17/11/2017 10 21.476 1,332,362 41,800 Investment Trust Corporation Duran Ventures Inc. Common Shares Brown, William Richard 4 13/11/2017 10 0.04 5,341,000 38,000 Unlimited, No Par Value Duran Ventures Inc. Common Shares Brown, William Richard 4 14/11/2017 10 0.04 5,409,000 68,000 Unlimited, No Par Value Eastern Platinum Limited Options HU, DAXIN 5 15/08/2016 50 1.05 100,000 Eastern Platinum Limited Options HU, DAXIN 5 15/08/2016 50 1.05 100,000 Eastern Platinum Limited Options HU, DAXIN 5 15/08/2016 50 1.05 100,000 100,000 Eastern Platinum Limited Options HU, DAXIN 5 09/11/2017 50 0.32 200,000 100,000 Eastern Platinum Limited Options Shi, Bielin 4 21/09/2016 30 1.05 100,000 Eastern Platinum Limited Options Shi, Bielin 4 21/09/2016 30 1.05 100,000 100,000 Eastern Platinum Limited Options Shi, Bielin 4 09/11/2017 50 0.32 200,000 100,000 Eastern Platinum Limited Options Wallenius, Lars Rowland 5 09/11/2017 50 0.32 200,000 100,000 Eastern Platinum Limited Options Xiao, Zhang 5 09/11/2017 50 0.32 200,000 100,000 Eco (Atlantic) Oil & Gas Ltd. Common Shares Africa Oil Corp. 3 15/11/2017 00 Eco (Atlantic) Oil & Gas Ltd. Common Shares Africa Oil Corp. 3 15/11/2017 11 0.48 29,200,000 29,200,000 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 09/11/2017 10 0.78 371,825 6,000 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 09/11/2017 10 0.78 1,077,500 5,000 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 14/11/2017 10 0.76 1,079,500 2,000 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 14/11/2017 10 0.76 2,000 Eloro Resources Ltd. Common Shares LARSEN, THOMAS 4, 5 14/11/2017 10 0.77 1,081,500 2,000 Enbridge Inc. Preferred Shares Series G Varsanyi, Laszlo 5 06/06/2016 00 Enbridge Inc. Preferred Shares Series G Varsanyi, Laszlo 5 09/09/2016 10 17.9 2,600 2,600 Enbridge Inc. Preferred Shares Series V Varsanyi, Laszlo 5 06/06/2016 00 Enbridge Inc. Preferred Shares Series V Varsanyi, Laszlo 5 12/09/2016 10 18.25 2,700 2,700 Enbridge Inc. Preferred Shares Series V Varsanyi, Laszlo 5 15/11/2017 10 23.85 0 -2,700 Endeavour Mining Common Shares Carroll, Morgan Denis 5 10/11/2017 10 21.41 25,900 4,625 Corporation Enerdynamic Hybrid Common Shares Amadori, Dante Peter 4 15/09/2017 00 Technologies Corp. Enerdynamic Hybrid Common Shares Amadori, Dante Peter 4 10/11/2017 10 125,000 125,000 Technologies Corp. Enerdynamic Hybrid Warrants Amadori, Dante Peter 4 15/09/2017 00 Technologies Corp. Enerdynamic Hybrid Warrants Amadori, Dante Peter 4 10/11/2017 10 125,000 125,000 Technologies Corp. Enerdynamic Hybrid Common Shares BENT, BRUCE ROBERT 5 20/10/2017 10 3,437,613 -50,000 Technologies Corp. PAUL Enerdynamic Hybrid Common Shares BENT, BRUCE ROBERT 5 01/11/2017 10 3,377,613 -60,000 Technologies Corp. PAUL Enerdynamic Hybrid Common Shares BENT, BRUCE ROBERT 5 10/11/2017 10 9,789,843 6,412,230 Technologies Corp. PAUL Enerdynamic Hybrid Warrants BENT, BRUCE ROBERT 5 10/11/2017 10 6,427,855 6,412,230 Technologies Corp. PAUL Enerdynamic Hybrid Common Shares Woolford, David 4 10/11/2017 10 2,723,914 1,650,000 Technologies Corp. Enerdynamic Hybrid Warrants Woolford, David 4 10/11/2017 10 2,121,466 1,650,000 Technologies Corp. Enerflex Ltd. Common Shares Cormier Jackson, Maureen 4 17/05/2017 00 Ellen Enerflex Ltd. Common Shares Cormier Jackson, Maureen 4 14/11/2017 10 15.347 5,000 5,000 Ellen Enterprise Group, Inc. Common Shares JAROSZUK, LEONARD 4, 5 13/11/2017 10 0.34 3,686,777 10,000 Enterprise Group, Inc. Common Shares JAROSZUK, LEONARD 4, 5 15/11/2017 10 0.34 3,701,777 15,000

November 23, 2017 (2017), 40 OSCB 9391

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed ENTREC Corporation Convertible Debentures Sanders, Charles Mervin 4 15/11/2017 38 100 $5,500 -$1,000 7.00% Conv. Unsecured Suboridnated Deb. due Oct. 31, 2017 ENTREC Corporation Convertible Debentures Sanders, Charles Mervin 4 15/11/2017 38 100 $5,500 -$1,000 7.00% Conv. Unsecured Suboridnated Deb. due Oct. 31, 2017 ENTREC Corporation Convertible Debentures Vandenberg, Jason Neil 4 13/11/2017 10 92 $11,000 -$50,000 7.00% Conv. Unsecured Suboridnated Deb. due Oct. 31, 2017 EnWave Corporation Common Shares Budreski, John Philip Adrian 4 15/11/2017 15 1,666,011 693,000 EnWave Corporation Warrants Budreski, John Philip Adrian 4 15/11/2017 15 659,000 346,500 EnWave Corporation Common Shares Durance, Timothy Douglas 4, 5 15/11/2017 15 1,662,738 4,700 EnWave Corporation Warrants Durance, Timothy Douglas 4, 5 15/11/2017 15 33,600 2,350 EnWave Corporation Common Shares Henriques, Daniel Stephen 5 15/11/2017 15 5,650 1,900 EnWave Corporation Warrants Henriques, Daniel Stephen 5 15/11/2017 15 2,825 950 EnWave Corporation Common Shares McKinnon, Hugh Crawford 4 15/11/2017 15 110,100 47,600 EnWave Corporation Warrants McKinnon, Hugh Crawford 4 15/11/2017 15 55,050 23,800 EnWave Corporation Common Shares Ritchie, Mary C. 4 15/11/2017 15 87,500 25,000 EnWave Corporation Warrants Ritchie, Mary C. 4 15/11/2017 15 18,750 12,500 EnWave Corporation Common Shares Ritchie, Stewart John 4 15/11/2017 15 38,700 19,000 EnWave Corporation Warrants Ritchie, Stewart John 4 15/11/2017 15 15,750 9,500 Epsilon Energy Ltd. Common Shares AZVALOR ASSET 3 13/11/2017 10 847,922 -82,059 MANAGEMENT SGIIC Epsilon Energy Ltd. Common Shares AZVALOR ASSET 3 13/11/2017 10 5,292,854 82,059 MANAGEMENT SGIIC Epsilon Energy Ltd. Common Shares AZVALOR ASSET 3 15/11/2017 10 5,295,854 3,000 MANAGEMENT SGIIC Epsilon Energy Ltd. Common Shares AZVALOR ASSET 3 16/11/2017 10 5,296,554 700 MANAGEMENT SGIIC Equitable Group Inc. Options Options granted Braude, Aviva 7 28/02/2017 50 1,809 Equitable Group Inc. Options Options granted Braude, Aviva 7 28/02/2017 50 71.68 6,551 1,809 Equitable Group Inc. Rights Performance Share Braude, Aviva 7 28/02/2017 56 334 167 Units Equitable Group Inc. Rights Restricted Share Braude, Aviva 7 28/02/2017 56 487 167 Units Equitable Group Inc. Options Options granted Dickinson, Daniel Lee 7 28/02/2017 50 71.68 15,200 2,317 Equitable Group Inc. Rights Performance Share Dickinson, Daniel Lee 7 28/02/2017 56 639 214 Units Equitable Group Inc. Rights Restricted Share Dickinson, Daniel Lee 7 28/02/2017 56 639 214 Units Equitable Group Inc. Options Options granted Downie, David 5 28/02/2017 50 71.68 13,074 1,959 Equitable Group Inc. Rights Restricted Share Downie, David 5 28/02/2017 56 1,252 363 Units Equitable Group Inc. Common Shares Farella, Isabelle 5 13/11/2017 51 53.15 1,528 487 Equitable Group Inc. Common Shares Farella, Isabelle 5 13/11/2017 10 63.09 1,041 -487 Equitable Group Inc. Options Options granted Farella, Isabelle 5 28/02/2017 50 71.68 8,075 1,394 Equitable Group Inc. Options Options granted Farella, Isabelle 5 13/11/2017 51 53.15 5,848 -487 Equitable Group Inc. Rights Restricted Share Farella, Isabelle 5 28/02/2017 56 881 258 Units Equitable Group Inc. Options Options granted Fryer, Scott Allan 5 28/02/2017 50 71.68 7,816 1,319 Equitable Group Inc. Rights Restricted Share Fryer, Scott Allan 5 28/02/2017 56 834 244 Units Equitable Group Inc. Options Options granted Kukulowicz, Kimberly 7 28/02/2017 50 71.68 15,435 2,487 Equitable Group Inc. Rights Performance Share Kukulowicz, Kimberly 7 28/02/2017 56 704 230 Units

November 23, 2017 (2017), 40 OSCB 9392

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Equitable Group Inc. Rights Restricted Share Kukulowicz, Kimberly 7 28/02/2017 56 705 230 Units Equitable Group Inc. Options Options granted Leland, Brian 7 28/02/2017 50 2,351 Equitable Group Inc. Options Options granted Leland, Brian 7 28/02/2017 50 71.68 14,117 2,351 Equitable Group Inc. Rights Performance Share Leland, Brian 7 28/02/2017 56 649 218 Units Equitable Group Inc. Rights Restricted Share Leland, Brian 7 28/02/2017 56 649 218 Units Equitable Group Inc. Options Options granted Lorimer, Darren 7 28/02/2017 50 71.68 11,354 2,882 Equitable Group Inc. Rights Performance Share Lorimer, Darren 7 28/02/2017 56 565 267 Units Equitable Group Inc. Rights Restricted Share Lorimer, Darren 7 28/02/2017 56 565 267 Units Equitable Group Inc. Options Options granted Raut, Rajesh 7 28/02/2017 50 71.68 8,106 1,319 Equitable Group Inc. Rights Restricted Share Raut, Rajesh 7 28/02/2017 56 761 244 Units Equitable Group Inc. Options Options granted Ruch, Daniel 7 28/02/2017 50 71.68 14,741 2,630 Equitable Group Inc. Rights Performance Share Ruch, Daniel 7 28/02/2017 56 748 243 Units Equitable Group Inc. Rights Restricted Share Ruch, Daniel 7 28/02/2017 56 748 243 Units Equitable Group Inc. Options Options granted Simoes, Joao Da Costa 5 28/02/2017 50 71.68 9,330 1,358 Equitable Group Inc. Rights Restricted Share Simoes, Joao Da Costa 5 28/02/2017 56 871 251 Units Equitable Group Inc. Options Options granted Sperling, Jody Lynn 5 28/02/2017 50 71.68 15,105 2,329 Equitable Group Inc. Rights Performance Share Sperling, Jody Lynn 5 28/02/2017 56 647 216 Units Equitable Group Inc. Rights Restricted Share Sperling, Jody Lynn 5 28/02/2017 56 647 216 Units Equitable Group Inc. Options Options granted Yu, David 5 28/02/2017 50 71.68 11,577 1,356 Equitable Group Inc. Rights Restricted Share Yu, David 5 28/02/2017 56 874 251 Units Equitorial Exploration Corp. Common Shares Bal, Jatinder Singh 1 09/11/2017 10 0.08 1,293,000 -681,500 Equitorial Exploration Corp. Common Shares Bal, Jatinder Singh 1 13/11/2017 10 0.08 1,393,000 100,000 Equitorial Exploration Corp. Common Shares Bal, Jatinder Singh 1 14/11/2017 10 0.08 1,533,000 140,000 Equitorial Exploration Corp. Common Shares Bal, Jatinder Singh 1 15/11/2017 10 0.085 1,633,000 100,000 Equitorial Exploration Corp. Common Shares Bal, Jatinder Singh 1 16/11/2017 10 0.085 2,058,000 425,000 Evrim Resources Corp. Options Funk, Charles Walter 5 25/07/2016 00 Evrim Resources Corp. Options Funk, Charles Walter 5 15/11/2017 50 0.25 1,500,000 1,500,000 Evrim Resources Corp. Options Harris, Alan Stewart 5 05/09/2012 00 Evrim Resources Corp. Options Harris, Alan Stewart 5 10/11/2017 50 0.25 750,000 750,000 Evrim Resources Corp. Options Liyanage, Mahesh Nalinda 5 10/06/2013 00 Evrim Resources Corp. Options Liyanage, Mahesh Nalinda 5 10/11/2017 50 0.25 1,000,000 1,000,000 Excellon Resources Inc. Common Shares Cahill, Brendan Thomas 4, 5 09/11/2017 16 2 200,594 10,000 Excellon Resources Inc. Restricted Share Units Cahill, Brendan Thomas 4, 5 15/11/2017 56 1.64 454,878 54,878 Excellon Resources Inc. Warrants Cahill, Brendan Thomas 4, 5 09/11/2017 16 30,173 5,000 Excellon Resources Inc. Deferred Share Units McMullen, Jacques 4 03/11/2017 00 Excellon Resources Inc. Deferred Share Units McMullen, Jacques 4 15/11/2017 56 1.64 50,000 50,000 Excellon Resources Inc. Options McMullen, Jacques 4 03/11/2017 00 Excellon Resources Inc. Options McMullen, Jacques 4 15/11/2017 50 1.64 50,000 50,000 Exchange Income Common Shares Exchange Income 1 16/11/2017 38 34.463 9,800 9,800 Corporation Corporation EXFO Inc. (formerly know as Restricted Share Units Lamontagne, Julie 5 13/11/2017 00 EXFO Electro-Optical Engineering Inc.)

November 23, 2017 (2017), 40 OSCB 9393

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed EXFO Inc. (formerly know as Restricted Share Units Lamontagne, Julie 5 13/11/2017 56 5.45 9,633 9,633 EXFO Electro-Optical Engineering Inc.) Falco Resources Ltd. Options Caron, Mario 4 15/11/2017 50 937,833 114,300 (formerly Falco Pacific Resource Group Inc.) Falco Resources Ltd. Options Cartier, Hélène 5 15/11/2017 50 0.96 967,758 142,900 (formerly Falco Pacific Resource Group Inc.) Falco Resources Ltd. Options Coates, Bryan A. 4 15/11/2017 50 0.96 189,800 114,300 (formerly Falco Pacific Resource Group Inc.) Falco Resources Ltd. Options Farnesi, Paola 4 15/11/2017 50 0.96 265,200 114,300 (formerly Falco Pacific Resource Group Inc.) Falco Resources Ltd. Options Ferron, Claude 4 15/11/2017 50 0.96 797,185 114,300 (formerly Falco Pacific Resource Group Inc.) Falco Resources Ltd. Options Glavac, Anthony 5 31/07/2017 00 (formerly Falco Pacific Resource Group Inc.) Falco Resources Ltd. Options Glavac, Anthony 5 15/11/2017 50 0.96 172,000 172,000 (formerly Falco Pacific Resource Group Inc.) Falco Resources Ltd. Options Laroche, Christian 5 15/11/2017 50 0.96 252,100 128,600 (formerly Falco Pacific Resource Group Inc.) Falco Resources Ltd. Options Le Bel, André 5 15/11/2017 50 0.96 112,300 64,300 (formerly Falco Pacific Resource Group Inc.) Falco Resources Ltd. Options Lessard, Luc 4, 5 15/11/2017 50 0.96 2,261,583 428,600 (formerly Falco Pacific Resource Group Inc.) Falco Resources Ltd. Options leveillee, claude 5 15/11/2017 50 0.96 605,900 142,900 (formerly Falco Pacific Resource Group Inc.) Falco Resources Ltd. Options Metcalfe, Vincent 5 15/11/2017 50 0.96 782,354 257,200 (formerly Falco Pacific Resource Group Inc.) Falco Resources Ltd. Options Roosen, Sean 4, 6 15/11/2017 50 0.96 1,224,668 171,400 (formerly Falco Pacific Resource Group Inc.) Falco Resources Ltd. Options Sabine, John William 4 10/11/2017 00 (formerly Falco Pacific Resource Group Inc.) Falco Resources Ltd. Options Sabine, John William 4 15/11/2017 50 0.96 185,700 185,700 (formerly Falco Pacific Resource Group Inc.) Falco Resources Ltd. Options Vézina, François 5 15/11/2017 50 0.96 280,100 142,900 (formerly Falco Pacific Resource Group Inc.) Fiera Capital Corporation Subordinate Voting FIERA CAPITAL S.E.C. 3 15/11/2017 10 13.1 551,089 -11,000 (formerly Fiera Sceptre Inc.) Shares Class A Fiera Capital Corporation Subordinate Voting FIERA CAPITAL S.E.C. 3 16/11/2017 10 13.184 531,089 -20,000 (formerly Fiera Sceptre Inc.) Shares Class A Fiera Capital Corporation Subordinate Voting FIERA CAPITAL S.E.C. 3 17/11/2017 10 13.4 529,689 -1,400 (formerly Fiera Sceptre Inc.) Shares Class A Finning International Inc. Common Shares Damjanic Yutronic, Pedro 5 08/11/2017 10 32.08 -300 Antonio Finning International Inc. Common Shares Damjanic Yutronic, Pedro 5 08/11/2017 10 32.05 2,413 -400 Antonio Finning International Inc. Common Shares Damjanic Yutronic, Pedro 5 08/11/2017 10 32.06 -100 Antonio Finning International Inc. Common Shares Damjanic Yutronic, Pedro 5 08/11/2017 10 32.06 -100 Antonio Finning International Inc. Options Palaschuk, Gregory 5 10/11/2017 50 44,784 5,432

November 23, 2017 (2017), 40 OSCB 9394

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Finning International Inc. Performance Share Units Palaschuk, Gregory 5 10/11/2017 56 31.47 3,814 Finning International Inc. Performance Share Units Palaschuk, Gregory 5 10/11/2017 56 18,628 3,814 Finning International Inc. Restricted Share Unit Palaschuk, Gregory 5 10/11/2017 56 4,459 1,271 (RSU) Firm Capital American Realty Common Shares Dadouch, Eli 4 14/11/2017 10 6.7038 228,028 1,300 Partners Corp. (formerly Delavaco Residential Properties Corp.) First Capital Realty Inc. Common Shares Menzies, Gregory 7, 5 14/11/2017 51 13.906 52,000 32,000 First Capital Realty Inc. Common Shares Menzies, Gregory 7, 5 14/11/2017 10 21.09 20,000 -32,000 First Capital Realty Inc. Options Menzies, Gregory 7, 5 14/11/2017 51 13.906 174,500 -32,000 First Mining Finance Corp. Common Shares Donnelly, Patrick Michael 5 15/11/2017 10 0.525 51,800 1,800 First Mining Finance Corp. Common Shares Neumeyer, Keith 4 13/11/2017 10 0.52 10,555,313 50,000 First Mining Finance Corp. Common Shares Neumeyer, Keith 4 14/11/2017 10 0.52 10,605,313 50,000 First Mining Finance Corp. Common Shares Neumeyer, Keith 4 15/11/2017 10 0.53 10,655,313 50,000 First Mining Finance Corp. Common Shares Neumeyer, Keith 4 16/11/2017 10 0.55 10,705,313 50,000 Fortis Inc. Common Shares Roberts, Jamie 7 17/11/2017 51 37.3 38,321 775 Fortis Inc. Options Roberts, Jamie 7 17/11/2017 51 33,376 -775 Fortuna Silver Mines Inc. Common Shares Chapman, Eric 5 01/01/2017 00 Fortuna Silver Mines Inc. Common Shares Chapman, Eric 5 14/11/2017 10 5.17 6,000 6,000 Fortuna Silver Mines Inc. Common Shares Chapman, Eric 5 14/11/2017 10 5.18 9,000 3,000 Fortuna Silver Mines Inc. Common Shares Chapman, Eric 5 14/11/2017 10 5.19 19,000 10,000 Founders Advantage Capital Common Shares Class A Harrington Global Limited 3 16/11/2017 00 3,809,929 Corp. Founders Advantage Capital Common Shares Class A Harrington Global Limited 3 16/11/2017 10 2.3707 4,009,929 200,000 Corp. Founders Advantage Capital Common Shares Class A Harrington Global 3 16/11/2017 00 3,809,929 Corp. Opportunities Fund Limited Founders Advantage Capital Common Shares Class A Harrington Global 3 16/11/2017 10 2.3707 4,009,929 200,000 Corp. Opportunities Fund Limited Fountain Asset Corp Options Daher, Roger 4 08/11/2017 00 100,000 (formerly, GC-Global Capital Corp.) Fountain Asset Corp Subordinate Voting Daher, Roger 4 08/11/2017 00 1,409,000 (formerly, GC-Global Capital Shares Corp.) Fountain Asset Corp Subordinate Voting Daher, Roger 4 08/11/2017 00 10,500 (formerly, GC-Global Capital Shares Corp.) Fronsac Real Estate Participation Units Henley, Kevin 5 07/11/2017 00 Investment Trust Frontera Energy Corporation Restricted Stock Units Andersen, Grayson Martin 5 08/08/2017 00 Frontera Energy Corporation Restricted Stock Units Andersen, Grayson Martin 5 15/11/2017 56 10,000 10,000 Frontera Energy Corporation Restricted Stock Units Campagnaro, Renata 5 14/12/2016 00 Frontera Energy Corporation Restricted Stock Units Campagnaro, Renata 5 15/11/2017 56 10,000 10,000 Frontera Energy Corporation Restricted Stock Units Kaliel, Jeremy 5 08/08/2017 00 Frontera Energy Corporation Restricted Stock Units Kaliel, Jeremy 5 15/11/2017 56 10,000 10,000 Frontera Energy Corporation Restricted Stock Units Larson, Barry 5 02/11/2016 00 Frontera Energy Corporation Restricted Stock Units Larson, Barry 5 15/11/2017 56 34,286 34,286 Frontera Energy Corporation Restricted Stock Units Lyngberg, J. Erik 5 14/12/2016 00 Frontera Energy Corporation Restricted Stock Units Lyngberg, J. Erik 5 15/11/2017 56 10,000 10,000 Frontera Energy Corporation Restricted Stock Units McAllister, Camilo 5 02/11/2016 00 Frontera Energy Corporation Restricted Stock Units McAllister, Camilo 5 15/11/2017 56 12,000 12,000 Frontera Energy Corporation Restricted Stock Units VALENCIA CHAVARRO, 5 14/12/2016 00 CAMILO Frontera Energy Corporation Restricted Stock Units VALENCIA CHAVARRO, 5 15/11/2017 56 10,000 10,000 CAMILO

November 23, 2017 (2017), 40 OSCB 9395

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Frontera Energy Corporation Restricted Stock Units Volk, Peter Joseph 5 23/01/2008 00 Frontera Energy Corporation Restricted Stock Units Volk, Peter Joseph 5 15/11/2017 56 10,000 10,000 Galway Metals Inc. Common Shares Hinchcliffe, Robert 3, 4, 5 13/11/2017 10 0.35 10,604,384 30,500 Galway Metals Inc. Common Shares Hinchcliffe, Robert 3, 4, 5 14/11/2017 10 0.35 10,613,884 9,500 Galway Metals Inc. Common Shares Hinchcliffe, Robert 3, 4, 5 15/11/2017 10 0.34 10,628,884 15,000 Galway Metals Inc. Common Shares Hinchcliffe, Robert 3, 4, 5 15/11/2017 10 0.335 10,640,884 12,000 Galway Metals Inc. Common Shares SUTTON, MICHAEL 4 14/11/2017 11 0.43 842,557 232,558 WILLIAM Galway Metals Inc. Warrants SUTTON, MICHAEL 4 14/11/2017 11 0.5 116,279 116,279 WILLIAM GeneNews Limited Promissory Notes Riggs, Rory 4 09/11/2017 11 1 $214,656 $70,000 Gensource Potash Options Redlick, Calvin 4 08/11/2017 00 Corporation Gensource Potash Options Redlick, Calvin 4 14/11/2017 50 0.08 1,000,000 1,000,000 Corporation Gentor Resources Inc. Common Shares Farr, Geoffrey Guy 5 13/11/2017 11 0.05 1,125,000 125,000 Gentor Resources Inc. Common Shares Farr, Geoffrey Guy 5 17/11/2017 37 250,000 -875,000 Gentor Resources Inc. Warrants Farr, Geoffrey Guy 5 13/11/2017 11 0.075 562,500 62,500 Gentor Resources Inc. Warrants Farr, Geoffrey Guy 5 17/11/2017 55 0.1 312,500 -250,000 Gentor Resources Inc. Warrants Farr, Geoffrey Guy 5 17/11/2017 55 0.1 62,500 -250,000 Gentor Resources Inc. Common Shares KONDRAT, ARNOLD T. 3, 4, 5 13/11/2017 11 0.05 6,067,188 2,055,000 Gentor Resources Inc. Warrants KONDRAT, ARNOLD T. 3, 4, 5 13/11/2017 11 0.075 1,027,500 1,027,500 Gentor Resources Inc. Common Shares Lachcik, Richard Joseph 4 13/11/2017 11 0.05 500,000 250,000 Gentor Resources Inc. Warrants Lachcik, Richard Joseph 4 13/11/2017 11 1,125,000 125,000 Gentor Resources Inc. Common Shares MADILO, DONAT 5 13/11/2017 11 0.05 550,000 50,000 Gentor Resources Inc. Common Shares MADILO, DONAT 5 17/11/2017 37 112,500 -437,500 Gentor Resources Inc. Warrants MADILO, DONAT 5 13/11/2017 11 0.075 275,000 25,000 Gentor Resources Inc. Warrants MADILO, DONAT 5 17/11/2017 55 0.1 25,000 -250,000 Gentor Resources Inc. Common Shares WILSON, WILLIAM 4 13/02/2014 00 ROBERT Gentor Resources Inc. Common Shares WILSON, WILLIAM 4 13/11/2017 11 0.05 20,000 20,000 ROBERT Gentor Resources Inc. Warrants WILSON, WILLIAM 4 13/02/2014 00 ROBERT Gentor Resources Inc. Warrants WILSON, WILLIAM 4 13/11/2017 11 0.075 10,000 10,000 ROBERT Gildan Activewear Inc. Common Shares Chamandy, Glenn J. 4, 5 14/11/2017 10 38.38 354,555 -47,435 Gildan Activewear Inc. Common Shares Chamandy, Glenn J. 4, 5 14/11/2017 10 38.335 302,159 -52,396 Gildan Activewear Inc. Common Shares Chamandy, Glenn J. 4, 5 15/11/2017 51 13.6 355,699 53,540 Gildan Activewear Inc. Common Shares Chamandy, Glenn J. 4, 5 15/11/2017 10 38.239 302,159 -53,540 Gildan Activewear Inc. Common Shares Chamandy, Glenn J. 4, 5 15/11/2017 10 38.261 248,159 -54,000 Gildan Activewear Inc. Common Shares Chamandy, Glenn J. 4, 5 16/11/2017 10 38.442 194,159 -54,000 Gildan Activewear Inc. Options Chamandy, Glenn J. 4, 5 15/11/2017 51 13.6 1,497,088 -53,540 Gildan Activewear Inc. Common Shares Hoffman, Michael 7 14/11/2017 10 38.41 24,719 -30,000 Gildan Activewear Inc. Common Shares Lavoie, Nicolas 5 13/11/2017 10 38.26 1,324 -1,864 Gildan Activewear Inc. Common Shares Lavoie, Nicolas 5 13/11/2017 10 38.27 1,188 -136 Gildan Activewear Inc. Common Shares Masi, Benito 5 14/11/2017 10 38.31 142,987 -10,000 Gildan Activewear Inc. Common Shares Roiter, Jonathan 5 14/11/2017 51 15.585 33,144 15,184 Gildan Activewear Inc. Common Shares Roiter, Jonathan 5 14/11/2017 10 38.3 17,960 -15,184 Gildan Activewear Inc. Common Shares Roiter, Jonathan 5 15/11/2017 51 24.215 20,960 3,000 Gildan Activewear Inc. Common Shares Roiter, Jonathan 5 15/11/2017 10 38.25 17,960 -3,000 Gildan Activewear Inc. Options Roiter, Jonathan 5 14/11/2017 51 15.585 20,130 -15,184 Gildan Activewear Inc. Options Roiter, Jonathan 5 15/11/2017 51 24.215 17,130 -3,000 Giyani Metals Corp. Common Shares Boubou, Wajd 5 15/11/2017 10 0.29 570,000 5,000

November 23, 2017 (2017), 40 OSCB 9396

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Giyani Metals Corp. Common Shares Boubou, Wajd 5 15/11/2017 10 0.29 -5,000 Giyani Metals Corp. Common Shares Boubou, Wajd 5 15/11/2017 10 0.29 565,000 -5,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.39 10,924,643 12,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.4 10,926,643 2,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.38 10,936,643 10,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.35 10,938,643 2,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.36 10,939,643 1,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.39 10,941,643 2,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.39 10,946,643 5,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.39 10,951,643 5,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.37 10,956,643 5,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.36 10,961,643 5,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.35 10,971,643 10,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.35 10,981,643 10,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.35 10,986,643 5,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.26 11,036,643 50,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.3 11,061,643 25,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.25 11,066,643 5,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.25 11,069,643 3,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.3 11,079,643 10,000 Glance Technologies Inc. Common Shares Green, Penny Olga 3, 4, 6, 5 14/11/2017 10 1.32 11,084,643 5,000 Glance Technologies Inc. Common Shares Herrington, Kirk 4 10/11/2017 51 0.85 62,500 62,500 Glance Technologies Inc. Common Shares Herrington, Kirk 4 10/11/2017 10 1.6 0 -62,500 Glance Technologies Inc. Options Herrington, Kirk 4 10/11/2017 51 12,500 -62,500 Glance Technologies Inc. Common Shares Rao, Christina 5 08/11/2017 51 0.15 25,000 25,000 Glance Technologies Inc. Common Shares Rao, Christina 5 08/11/2017 10 1.43 12,500 -12,500 Glance Technologies Inc. Common Shares Rao, Christina 5 08/11/2017 10 1.44 0 -12,500 Glance Technologies Inc. Options Rao, Christina 5 08/11/2017 51 375,000 -25,000 Global Cannabis Applications Common Shares Inwentash, Sheldon 3 15/11/2017 00 3,000,000 Corp. (formerly Fundamental Applications Corp.) Global Cannabis Applications Common Shares Inwentash, Sheldon 3 15/11/2017 00 1,850,000 Corp. (formerly Fundamental Applications Corp.) Global Cannabis Applications Warrants Inwentash, Sheldon 3 15/11/2017 00 2,000,000 Corp. (formerly Fundamental Applications Corp.) Global Dividend Growers Trust Units Global Dividend Growers 1 10/11/2017 38 12.4 5,548,405 400 Income Fund Income Fund Global Dividend Growers Trust Units Global Dividend Growers 1 13/11/2017 38 12.277 5,549,005 600 Income Fund Income Fund Global Dividend Growers Trust Units Global Dividend Growers 1 14/11/2017 38 12.121 5,550,505 1,500 Income Fund Income Fund Global UAV Technologies Common Shares Lefebvre, Robert 4 08/11/2017 00 543,453 Ltd. (formerly Alta Vista Ventures Ltd.) Globalance Dividend Common Shares Equity Globalance Dividend 1 16/11/2017 38 8.5 3,255,207 500 Growers Corp. Shares Growers Corp. Gluskin Sheff + Associates Common Shares Mann, Peter McDaniel 5 27/09/2017 10 18.47 100,982 -4 Inc. Gluskin Sheff + Associates Common Shares Zaltz, Peter Aaron 5 27/09/2017 10 18.47 725,923 -3 Inc. God's Lake Resources Inc. Common Shares Sheridan, Michael 3, 4 16/11/2017 10 0.07 5,731,525 697,000 goeasy Ltd. (formerly, Common Shares Mullins, Jason 5 14/11/2017 51 17.16 54,366 23,966 easyhome Ltd.) goeasy Ltd. (formerly, Common Shares Mullins, Jason 5 14/11/2017 10 32.741 46,866 -7,500 easyhome Ltd.)

November 23, 2017 (2017), 40 OSCB 9397

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed goeasy Ltd. (formerly, Options Mullins, Jason 5 14/11/2017 51 17.16 46,981 -23,966 easyhome Ltd.) Goldcorp Inc. Common Shares Treviño de la Vega, Blanca 4 17/11/2017 10 13.45 30,564 7,150 Golden Dawn Minerals Inc. Common Shares Wiese, Wolfgang 4, 5 10/11/2017 11 0.26 8,345,074 1,500,000 Golden Dawn Minerals Inc. Warrants Wiese, Wolfgang 4, 5 10/11/2017 11 0.3 7,273,834 1,500,000 Golden Leaf Holdings Ltd. Options Cohl, Michael 4 20/01/2016 00 Golden Leaf Holdings Ltd. Options Cohl, Michael 4 01/11/2017 50 2,250,000 2,250,000 Golden Leaf Holdings Ltd. Options McKnight, Robert Buchner, 4 19/07/2017 00 Jr. Golden Leaf Holdings Ltd. Options McKnight, Robert Buchner, 4 01/11/2017 50 2,250,000 2,250,000 Jr. Golden Leaf Holdings Ltd. Options Saladino, Peter C. 4 02/03/2016 00 Golden Leaf Holdings Ltd. Options Saladino, Peter C. 4 01/11/2017 50 2,250,000 2,250,000 Golden Leaf Holdings Ltd. Options Winch, Alexander David 4 01/11/2017 50 2,450,000 2,250,000 Golden Leaf Holdings Ltd. Options Yeoman, Gary 4 28/06/2017 00 Golden Leaf Holdings Ltd. Options Yeoman, Gary 4 01/11/2017 50 7,000,000 7,000,000 Golden Leaf Holdings Ltd. Warrants Yeoman, Gary 4 13/11/2017 16 1,104,150 937,500 Golden Leaf Holdings Ltd. Options Zipfel, Gary Gene 4 19/07/2017 00 Golden Leaf Holdings Ltd. Options Zipfel, Gary Gene 4 01/11/2017 50 1,750,000 1,750,000 Golden Star Resources Ltd. Common Shares Coetzer, Samuel Theodorus 4, 5 14/11/2017 10 1.01 405,215 23,750 Gran Tierra Energy Inc. Common Shares GMT Capital Corp 3 15/11/2017 10 2.1 12,781,830 73,100 Gran Tierra Energy Inc. Common Shares GMT Capital Corp 3 16/11/2017 10 2.13 12,865,330 83,500 Gran Tierra Energy Inc. Common Shares GMT Capital Corp 3 15/11/2017 10 2.1 14,619,190 89,600 Gran Tierra Energy Inc. Common Shares GMT Capital Corp 3 16/11/2017 10 2.13 14,721,590 102,400 Gran Tierra Energy Inc. Common Shares GMT Capital Corp 3 15/11/2017 10 2.1 21,271,594 158,844 Gran Tierra Energy Inc. Common Shares GMT Capital Corp 3 16/11/2017 10 2.13 21,453,227 181,633 Gran Tierra Energy Inc. Common Shares GMT Capital Corp 3 15/11/2017 10 2.1 769,430 6,000 Gran Tierra Energy Inc. Common Shares GMT Capital Corp 3 16/11/2017 10 2.13 776,330 6,900 Gran Tierra Energy Inc. Common Shares GMT Capital Corp 3 15/11/2017 10 2.1 1,934,700 14,600 Gran Tierra Energy Inc. Common Shares GMT Capital Corp 3 16/11/2017 10 2.13 1,951,400 16,700 Grande West Transportation Common Shares LaGourgue, John 4 17/11/2017 10 2.32 291,257 3,000 Group Inc. Granite Real Estate Trust Units (traded as a Granite Real Estate 1 08/11/2017 38 49.98 2,300 2,300 Investment Trust component of stapled Investment Trust units) Granite Real Estate Trust Units (traded as a Granite Real Estate 1 08/11/2017 38 0 -2,300 Investment Trust component of stapled Investment Trust units) Granite Real Estate Trust Units (traded as a Granite Real Estate 1 10/11/2017 38 50 26,267 26,267 Investment Trust component of stapled Investment Trust units) Granite Real Estate Trust Units (traded as a Granite Real Estate 1 10/11/2017 38 0 -26,267 Investment Trust component of stapled Investment Trust units) Granite Real Estate Trust Units (traded as a Granite Real Estate 1 13/11/2017 38 49.98 400 400 Investment Trust component of stapled Investment Trust units) Granite Real Estate Trust Units (traded as a Granite Real Estate 1 13/11/2017 38 0 -400 Investment Trust component of stapled Investment Trust units) Granite REIT Inc. Deferred Share Units Aghar, Peter 4 15/11/2017 35 50.22 603 3 Granite REIT Inc. Deferred Share Units Clow, Donald Everett 4 15/11/2017 35 50.22 2,356 10 Granite REIT Inc. Deferred Share Units Daal, Remco 4 15/11/2017 35 50.22 552 2 Granite REIT Inc. Restricted Share Units Forsayeth, Michael Peter 4, 5 15/11/2017 35 50.22 36,198 156 Granite REIT Inc. Common Shares (traded Granite REIT Inc. 1 08/11/2017 38 49.98 2,300 2,300 as a component of stapled units)

November 23, 2017 (2017), 40 OSCB 9398

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Granite REIT Inc. Common Shares (traded Granite REIT Inc. 1 08/11/2017 38 0 -2,300 as a component of stapled units) Granite REIT Inc. Common Shares (traded Granite REIT Inc. 1 10/11/2017 38 50 26,267 26,267 as a component of stapled units) Granite REIT Inc. Common Shares (traded Granite REIT Inc. 1 10/11/2017 38 0 -26,267 as a component of stapled units) Granite REIT Inc. Common Shares (traded Granite REIT Inc. 1 13/11/2017 38 49.98 400 400 as a component of stapled units) Granite REIT Inc. Common Shares (traded Granite REIT Inc. 1 13/11/2017 38 0 -400 as a component of stapled units) Granite REIT Inc. Restricted Share Units Konstantopoulos, Ilias 5 15/11/2017 35 50.22 6,836 29 Granite REIT Inc. Restricted Share Units KUMER, LORNE 5 15/11/2017 35 50.22 12,145 52 Granite REIT Inc. Deferred Share Units Manji, Samir Aziz 4 15/11/2017 35 50.22 552 2 Granite REIT Inc. Deferred Share Units Marshall, Kelly John 4 15/11/2017 35 50.22 1,055 5 Granite REIT Inc. Deferred Share Units Mawani, Al 4 15/11/2017 35 50.22 703 3 Granite REIT Inc. Deferred Share Units Miller, Gerald 4 15/11/2017 35 50.22 8,232 35 Granite REIT Inc. Restricted Share Units Wierzbinski, Stefan 5 15/11/2017 35 50.22 5,310 23 Great Canadian Gaming Common Shares Keilty, Karen Anne 4 14/11/2017 10 29.68 5,000 2,000 Corporation Great-West Lifeco Inc. Common Shares Kasdorf, Helen Ruth 5 17/11/2017 51 23.165 3,576 2,280 Great-West Lifeco Inc. Common Shares Kasdorf, Helen Ruth 5 17/11/2017 10 35.5 1,296 -2,280 Great-West Lifeco Inc. Options Common Share - Kasdorf, Helen Ruth 5 17/11/2017 51 23.165 64,000 -2,280 Stock Options Great-West Lifeco Inc. Deferred Share Units Royer, Raymond 4 30/06/2017 56 34.932 1,926 Great-West Lifeco Inc. Deferred Share Units Royer, Raymond 4 30/06/2017 56 34.927 69,539 2,016 Great-West Lifeco Inc. Deferred Share Units Royer, Raymond 4 30/09/2017 56 35.704 1,735 Great-West Lifeco Inc. Deferred Share Units Royer, Raymond 4 30/09/2017 56 35.693 71,416 1,877 Greencastle Resources Ltd. Common Shares Roodenburg, Anthony Ralph 4, 5 14/11/2017 10 0.1 5,465,449 -59,000 Greencastle Resources Ltd. Common Shares Roodenburg, Anthony Ralph 4, 5 14/11/2017 10 0.1 5,565,449 100,000 Greenland Resources Inc. Common Shares Dinero Practico SAPI de CV 3 09/11/2017 00 SOFOM ENR Greenland Resources Inc. Common Shares Dinero Practico SAPI de CV 3 09/11/2017 16 0.15 4,666,666 4,666,666 SOFOM ENR Greenland Resources Inc. Options Dinero Practico SAPI de CV 3 09/11/2017 00 SOFOM ENR Greenland Resources Inc. Options Dinero Practico SAPI de CV 3 09/11/2017 16 700,000 700,000 SOFOM ENR GreenSpace Brands Inc. Options Jackson, Keith Todd 5 21/08/2017 00 (formerly Aumento IV Capital Corporation) GreenSpace Brands Inc. Options Jackson, Keith Todd 5 15/11/2017 50 1.064 80,000 80,000 (formerly Aumento IV Capital Corporation) Hammond Power Solutions Common Shares Class A HUETHER, CHRIS 5 17/11/2017 10 6.2 21,200 10,000 Inc. Hammond Power Solutions Options Plan July 22 2005 HUETHER, CHRIS 5 17/11/2017 51 6.2 172,000 -10,000 Inc. Happy Creek Minerals Ltd. Common Shares blann, David 5 15/11/2017 10 0.19 4,148,501 25,000 Hemisphere Energy Common Shares Arthur, Andrew John 5 16/11/2017 10 0.27 366,500 26,500 Corporation High Liner Foods Common Shares Hennigar, Andrew 4 15/11/2017 10 13.087 3,200 2,200 Incorporated High Liner Foods Options Pelino, Brigid V. 5 13/11/2017 00 Incorporated

November 23, 2017 (2017), 40 OSCB 9399

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed High Liner Foods Options Pelino, Brigid V. 5 13/11/2017 50 13.82 10,000 10,000 Incorporated High Liner Foods Common Shares van Schaayk, Frank 4 07/11/2014 00 Incorporated Bernard Harry High Liner Foods Common Shares van Schaayk, Frank 4 13/11/2017 10 13.9 1,400 1,400 Incorporated Bernard Harry High Liner Foods Common Shares van Schaayk, Frank 4 14/11/2017 10 13.459 3,000 1,600 Incorporated Bernard Harry Home Capital Group Inc. Common Shares Hibben, Alan Roy 4 16/11/2017 10 15.25 7,000 3,000 Home Capital Group Inc. Common Shares Sallows, Sharon 4 08/05/2017 00 Home Capital Group Inc. Common Shares Sallows, Sharon 4 17/11/2017 10 15.5 5,000 5,000 IBC Advanced Alloys Corp. Options Anderson, David 5 14/11/2016 00 IBC Advanced Alloys Corp. Options Anderson, David 5 14/11/2016 00 81,250 IGM Financial Inc. Common Shares McCullum, David 7 15/11/2017 30 5,835 4,835 IGM Financial Inc. Common Shares McCullum, David 7 15/11/2017 30 581 -4,835 Imagination Park Options Lu, Ben 4 09/11/2017 00 250,000 Entertainment Inc. Imagination Park Options Lu, Ben 4 09/11/2017 50 0.275 450,000 200,000 Entertainment Inc. Imagination Park Options Silverrstieen, Alen Paul 5 09/11/2017 50 0.275 1,537,100 300,000 Entertainment Inc. Imagination Park Options Taalat, Yassen 4 13/09/2016 50 0.15 250,000 Entertainment Inc. Imagination Park Options Taalat, Yassen 4 09/05/2016 00 Entertainment Inc. Imagination Park Options Taalat, Yassen 4 13/09/2016 50 0.15 250,000 250,000 Entertainment Inc. Imagination Park Options Taalat, Yassen 4 09/11/2017 50 0.275 450,000 200,000 Entertainment Inc. Imex Systems Inc. (formerly Common Shares Nakhleh, Issa 4 13/11/2017 00 Ba Ba Capital Inc.) Imex Systems Inc. (formerly Options Nakhleh, Issa 4 13/11/2017 00 Ba Ba Capital Inc.) Imperial Metals Corporation Common Shares Fairholme Capital 3 30/10/2017 97 8,142,883 -17,300 Management, L.L.C. Imperial Metals Corporation Common Shares Fairholme Capital 3 10/11/2017 97 9,095,978 -13,956 Management, L.L.C. Imperial Oil Limited Common Shares Exxon Mobil Corporation 3 08/11/2017 38 40.16 582,255,763 -117,782 Imperial Oil Limited Common Shares Exxon Mobil Corporation 3 09/11/2017 38 40.58 582,138,478 -117,285 Imperial Oil Limited Common Shares Exxon Mobil Corporation 3 10/11/2017 38 40.6 582,022,164 -116,314 Imperial Oil Limited Common Shares Exxon Mobil Corporation 3 14/11/2017 38 39.9 581,906,148 -116,016 Imperial Oil Limited Common Shares Exxon Mobil Corporation 3 15/11/2017 38 39.71 581,788,270 -117,878 Imperial Oil Limited Common Shares Exxon Mobil Corporation 3 16/11/2017 38 39.8 581,669,976 -118,294 Imperial Oil Limited Common Shares Imperial Oil Limited 1 08/11/2017 38 40.134 51,445 51,445 Imperial Oil Limited Common Shares Imperial Oil Limited 1 08/11/2017 38 40.134 0 -51,445 Imperial Oil Limited Common Shares Imperial Oil Limited 1 08/11/2017 38 40.16 117,782 117,782 Imperial Oil Limited Common Shares Imperial Oil Limited 1 08/11/2017 38 40.16 0 -117,782 Imperial Oil Limited Common Shares Imperial Oil Limited 1 09/11/2017 38 40.419 51,228 51,228 Imperial Oil Limited Common Shares Imperial Oil Limited 1 09/11/2017 38 40.419 0 -51,228 Imperial Oil Limited Common Shares Imperial Oil Limited 1 09/11/2017 38 40.58 117,285 117,285 Imperial Oil Limited Common Shares Imperial Oil Limited 1 09/11/2017 38 40.58 0 -117,285 Imperial Oil Limited Common Shares Imperial Oil Limited 1 10/11/2017 38 40.605 50,804 50,804 Imperial Oil Limited Common Shares Imperial Oil Limited 1 10/11/2017 38 40.605 0 -50,804 Imperial Oil Limited Common Shares Imperial Oil Limited 1 10/11/2017 38 40.6 116,314 116,314 Imperial Oil Limited Common Shares Imperial Oil Limited 1 10/11/2017 38 40.6 0 -116,314 Imperial Oil Limited Common Shares Imperial Oil Limited 1 14/11/2017 38 39.967 50,674 50,674 Imperial Oil Limited Common Shares Imperial Oil Limited 1 14/11/2017 38 39.967 0 -50,674

November 23, 2017 (2017), 40 OSCB 9400

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Imperial Oil Limited Common Shares Imperial Oil Limited 1 14/11/2017 38 39.9 116,016 116,016 Imperial Oil Limited Common Shares Imperial Oil Limited 1 14/11/2017 38 39.9 0 -116,016 Imperial Oil Limited Common Shares Imperial Oil Limited 1 15/11/2017 38 39.817 51,487 51,487 Imperial Oil Limited Common Shares Imperial Oil Limited 1 15/11/2017 38 39.817 0 -51,487 Imperial Oil Limited Common Shares Imperial Oil Limited 1 15/11/2017 38 39.71 117,878 117,878 Imperial Oil Limited Common Shares Imperial Oil Limited 1 15/11/2017 38 39.71 0 -117,878 Imperial Oil Limited Common Shares Imperial Oil Limited 1 16/11/2017 38 39.886 51,669 51,669 Imperial Oil Limited Common Shares Imperial Oil Limited 1 16/11/2017 38 39.886 0 -51,669 Imperial Oil Limited Common Shares Imperial Oil Limited 1 16/11/2017 38 39.8 118,294 118,294 Imperial Oil Limited Common Shares Imperial Oil Limited 1 16/11/2017 38 39.8 0 -118,294 Imperial Oil Limited Common Shares Murphy, Barry 5 30/09/2017 30 37.75 4,357 66 Imperial Oil Limited Common Shares Murphy, Barry 5 02/10/2017 30 39.77 4,339 -18 Imperial Oil Limited Common Shares Murphy, Barry 5 31/10/2017 30 39.45 4,433 94 Inceptus Capital Ltd. Options Chen, Peter 4, 5 14/11/2017 50 0.1 144,510 144,510 Inceptus Capital Ltd. Options Lam, Eric 5 30/06/2017 00 Inceptus Capital Ltd. Options Lam, Eric 5 14/11/2017 50 0.1 82,560 82,560 Inceptus Capital Ltd. Common Shares (Class Lan, Jason Kuei Hai 4 09/11/2017 15 0.1 840,000 40,000 A) Inceptus Capital Ltd. Options Lan, Jason Kuei Hai 4 30/06/2017 00 Inceptus Capital Ltd. Options Lan, Jason Kuei Hai 4 14/11/2017 50 0.1 82,560 82,560 Inceptus Capital Ltd. Options Twells, Christopher 4 30/06/2017 00 Inceptus Capital Ltd. Options Twells, Christopher 4 14/11/2017 50 0.1 82,560 82,560 Indigo Books & Music Inc. Common Shares Schwartz, Gerald Wilfred 3, 4, 6 13/11/2017 10 18.496 7,488,739 10,500 Indigo Books & Music Inc. Common Shares Schwartz, Gerald Wilfred 3, 4, 6 14/11/2017 10 18.762 7,505,739 17,000 Indigo Books & Music Inc. Common Shares Schwartz, Gerald Wilfred 3, 4, 6 15/11/2017 10 18.947 7,534,339 28,600 Indigo Books & Music Inc. Common Shares Schwartz, Gerald Wilfred 3, 4, 6 16/11/2017 10 18.999 7,587,339 53,000 Industrial Alliance Insurance Common Shares Boulet, Jean-François 5 14/11/2017 51 43.38 5,513 5,250 and Financial Services inc. Industrial Alliance Insurance Common Shares Boulet, Jean-François 5 14/11/2017 10 59.754 263 -5,250 and Financial Services inc. Industrial Alliance Insurance Common Shares Boulet, Jean-François 5 14/11/2017 51 39.96 2,263 2,000 and Financial Services inc. Industrial Alliance Insurance Common Shares Boulet, Jean-François 5 14/11/2017 10 59.66 263 -2,000 and Financial Services inc. Industrial Alliance Insurance Common Shares Boulet, Jean-François 5 14/11/2017 51 40.91 2,263 2,000 and Financial Services inc. Industrial Alliance Insurance Common Shares Boulet, Jean-François 5 14/11/2017 10 59.649 263 -2,000 and Financial Services inc. Industrial Alliance Insurance Options Boulet, Jean-François 5 14/11/2017 51 43.38 23,750 -5,250 and Financial Services inc. Industrial Alliance Insurance Options Boulet, Jean-François 5 14/11/2017 51 39.96 21,750 -2,000 and Financial Services inc. Industrial Alliance Insurance Options Boulet, Jean-François 5 14/11/2017 51 40.91 19,750 -2,000 and Financial Services inc. Industrial Alliance Insurance Common Shares Charest, Yvon 4, 5 16/11/2017 51 19.23 136,027 10,000 and Financial Services inc. Industrial Alliance Insurance Common Shares Charest, Yvon 4, 5 16/11/2017 10 60.5 126,027 -10,000 and Financial Services inc. Industrial Alliance Insurance Options Charest, Yvon 4, 5 16/11/2017 51 19.23 568,000 -10,000 and Financial Services inc. Industrial Alliance Insurance Common Shares Gignac, Clément 5 13/11/2017 51 43.38 2,500 2,500 and Financial Services inc. Industrial Alliance Insurance Common Shares Gignac, Clément 5 13/11/2017 10 60.112 0 -2,500 and Financial Services inc. Industrial Alliance Insurance Common Shares Gignac, Clément 5 13/11/2017 51 39.96 5,000 5,000 and Financial Services inc.

November 23, 2017 (2017), 40 OSCB 9401

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Industrial Alliance Insurance Common Shares Gignac, Clément 5 13/11/2017 10 59.952 0 -5,000 and Financial Services inc. Industrial Alliance Insurance Common Shares Gignac, Clément 5 13/11/2017 51 40.91 2,500 2,500 and Financial Services inc. Industrial Alliance Insurance Common Shares Gignac, Clément 5 13/11/2017 10 59.565 0 -2,500 and Financial Services inc. Industrial Alliance Insurance Options Gignac, Clément 5 13/11/2017 51 43.38 37,500 -2,500 and Financial Services inc. Industrial Alliance Insurance Options Gignac, Clément 5 13/11/2017 51 39.96 32,500 -5,000 and Financial Services inc. Industrial Alliance Insurance Options Gignac, Clément 5 13/11/2017 51 40.91 30,000 -2,500 and Financial Services inc. Industrial Alliance Insurance Common Shares Parent, Jacques 5 16/11/2017 51 35.51 13,900 10,000 and Financial Services inc. Industrial Alliance Insurance Common Shares Parent, Jacques 5 16/11/2017 10 60.151 3,900 -10,000 and Financial Services inc. Industrial Alliance Insurance Common Shares Parent, Jacques 5 16/11/2017 51 32.08 18,900 15,000 and Financial Services inc. Industrial Alliance Insurance Common Shares Parent, Jacques 5 16/11/2017 10 60.166 3,900 -15,000 and Financial Services inc. Industrial Alliance Insurance Options Parent, Jacques 5 16/11/2017 51 35.51 70,000 -10,000 and Financial Services inc. Industrial Alliance Insurance Options Parent, Jacques 5 16/11/2017 51 32.08 55,000 -15,000 and Financial Services inc. Industrial Alliance Insurance Common Shares Tremblay, Michel 5 15/11/2017 51 39.96 33,000 10,000 and Financial Services inc. Industrial Alliance Insurance Common Shares Tremblay, Michel 5 15/11/2017 10 59.6 23,000 -10,000 and Financial Services inc. Industrial Alliance Insurance Options Tremblay, Michel 5 15/11/2017 51 39.96 150,000 -10,000 and Financial Services inc. Innergex Renewable Energy Common Shares Mercier, Monique 4 14/11/2017 10 13.52 7,022 1,000 Inc. Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.63 174,500 -100 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.64 174,100 -400 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.65 172,100 -2,000 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.655 171,800 -300 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.66 169,000 -2,800 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.665 168,700 -300 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.67 165,500 -3,200 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.675 165,000 -500 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.68 161,500 -3,500 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.685 160,900 -600 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.69 149,900 -11,000 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.695 149,600 -300 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.7 135,000 -14,600 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.71 130,800 -4,200 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.72 116,800 -14,000 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.73 116,500 -300 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.75 111,900 -4,600 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.755 109,800 -2,100 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.76 103,900 -5,900 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.765 102,900 -1,000 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.77 100,100 -2,800 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.78 99,200 -900 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.79 99,100 -100 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.8 98,600 -500 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.81 97,900 -700

November 23, 2017 (2017), 40 OSCB 9402

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.82 97,000 -900 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.83 96,700 -300 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 21.86 96,400 -300 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 22 95,600 -800 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 22.01 94,050 -1,550 Interfor Corporation Common Shares Horning, John Allen 5 10/11/2017 10 22.04 93,850 -200 International Battery Metals Common Shares Bonner, Frederick Joseph 4 09/11/2017 10 0.6 78,000 -2,000 Ltd. (formerly, Rheingold Exploration Corp.) International Battery Metals Common Shares Bonner, Frederick Joseph 4 10/11/2017 10 0.5869 70,000 -8,000 Ltd. (formerly, Rheingold Exploration Corp.) International Battery Metals Common Shares Bonner, Frederick Joseph 4 14/11/2017 10 0.591 60,000 -10,000 Ltd. (formerly, Rheingold Exploration Corp.) International Battery Metals Common Shares Bonner, Frederick Joseph 4 15/11/2017 10 0.59 55,000 -5,000 Ltd. (formerly, Rheingold Exploration Corp.) International Tower Hill Common Shares Tocqueville Asset 3 14/11/2017 10 0.51 5,115,899 -54,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 15/11/2017 10 0.47 5,114,199 -1,700 Mines Ltd. Management, L.P. Intrinsyc Technologies Common Shares MacDonald, Jeffrey Douglas 4 15/11/2017 10 1.3768 20,000 10,000 Corporation Intrinsyc Technologies Common Shares MacDonald, Jeffrey Douglas 4 16/11/2017 10 1.4713 35,000 15,000 Corporation Jamieson Wellness Inc. Common Shares Potechin, Catherine 4 18/10/2017 00 500 Jamieson Wellness Inc. Options Potechin, Catherine 4 18/10/2017 00 Jamieson Wellness Inc. Options Potechin, Catherine 4 31/10/2017 50 9,656 9,656 JG Wealth Management Common Shares Janda, Sonny 4 01/03/2015 00 Corporation JG Wealth Management Common Shares Janda, Sonny 4 14/11/2017 11 1,833,000 1,833,000 Corporation JG Wealth Management Common Shares Janda, Sonny 4 14/11/2017 11 5,343,000 3,510,000 Corporation Karmin Exploration Inc. Options Ciccarelli, Larry 4, 6, 5 14/11/2017 50 0.94 1,185,036 190,036 Karmin Exploration Inc. Options Iannozzi, John 6, 5 13/11/2017 50 0.94 145,036 Karmin Exploration Inc. Options Iannozzi, John 6, 5 13/11/2017 50 0.94 145,036 Karmin Exploration Inc. Options Iannozzi, John 6, 5 14/11/2017 50 0.94 860,036 145,036 Kelt Exploration Ltd. Common Shares Errico, Douglas Jeffery 5 13/11/2017 10 7.342 440,919 -46,300 Khalkos Exploration Inc. Common Shares Bureau, Roger 8 10/11/2017 10 0.065 76,000 1,000 Khalkos Exploration Inc. Common Shares Bureau, Roger 8 13/11/2017 10 0.075 86,000 10,000 Killam Apartment Real Estate Trust Units Banks, Timothy 4 15/11/2017 10 13.73 5,710 710 Investment Trust Killam Apartment Real Estate Trust Units Banks, Timothy 4 15/11/2017 10 13.74 6,420 1,420 Investment Trust Kinder Morgan Canada Special Voting Shares Kinder Morgan, Inc. 3 15/11/2017 16 242,882,897 622,071 Limited Kingsway Financial Services Common Shares Baqar, Hassan Raza 5 15/11/2017 10 5.4866 36,220 184 Inc. Kingsway Financial Services Common Shares Fitzgerald, John Taylor 4, 5 15/11/2017 10 5.4866 368,163 308 Inc. Maloney Fitzgerald Kingsway Financial Services Common Shares Hickey, William A. 5 15/11/2017 10 5.4866 73,368 274 Inc. Kingsway Financial Services Common Shares Swets, Jr., Larry Gene 3, 4, 5 15/11/2017 10 5.4866 705,520 382 Inc. Klondex Mines Ltd. Common Shares Hall, Richard James 4, 5 14/11/2017 10 2.87 109,625 5,000 Klondex Mines Ltd. Common Shares Huet, Paul André 4, 5 14/11/2017 10 2.85 494,876 6,000 Klondex Mines Ltd. Common Shares Matlack, William 4 14/11/2017 10 2.19 1,222,488 12,000

November 23, 2017 (2017), 40 OSCB 9403

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Kootenay Silver Inc. Common Shares McDonald, James 4 13/11/2017 10 0.1748 1,465,000 72,500 LAURENTIAN BANK OF Common Shares Williams, Brian 5 06/11/2017 00 CANADA Liberty Leaf Holdings Ltd. Common Shares Feldman, Steven 4 04/04/2016 11 0.05 240,000 120,000 Liberty Leaf Holdings Ltd. Common Shares Feldman, Steven 4 16/11/2017 10 0.22 245,000 -100,000 Liberty Leaf Holdings Ltd. Common Shares Feldman, Steven 4 16/11/2017 54 0.075 365,000 120,000 Liberty Leaf Holdings Ltd. Warrants Feldman, Steven 4 04/04/2016 11 0.075 240,000 120,000 Liberty Leaf Holdings Ltd. Warrants Feldman, Steven 4 16/11/2017 54 0.075 100,000 -120,000 Lightning Ventures Inc. Common Shares Pladson, Kelly Leanne 4 16/11/2017 11 0.02 7,350,000 2,000,000 Linamar Corporation Common Shares Havasi, Csaba 5 09/11/2017 10 66.27 157,550 2,250 Linamar Corporation Common Shares Havasi, Csaba 5 10/11/2017 10 66.27 155,300 -2,250 Linamar Corporation Common Shares Havasi, Csaba 5 10/11/2017 10 66.67 157,300 2,000 Linamar Corporation Common Shares Havasi, Csaba 5 10/11/2017 10 66.47 159,300 2,000 Linamar Corporation Common Shares Havasi, Csaba 5 15/11/2017 10 66.57 155,300 -4,000 Lingo Media Corporation Common Shares Kraft, Michael 4, 5 15/11/2017 10 0.1802 2,533,512 157,000 Lions Bay Capital Inc. Common Shares Byrne, John Joseph 3, 4, 5 14/11/2017 00 7,601,554 Lions Bay Capital Inc. Common Shares Byrne, John Joseph 3, 4, 5 14/11/2017 00 430,000 Lions Bay Capital Inc. Common Shares Byrne, John Joseph 3, 4, 5 14/11/2017 00 12,403,391 Lions Bay Capital Inc. Common Shares Byrne, John Joseph 3, 4, 5 14/11/2017 00 33,161,378 Lions Bay Capital Inc. Options Byrne, John Joseph 3, 4, 5 14/11/2017 00 10,000,000 LIONS GATE Common Shares Class A Levin, Wayne 5 13/11/2017 30 31.23 -4,789 ENTERTAINMENT CORP. Voting LIONS GATE Common Shares Class A Levin, Wayne 5 13/11/2017 30 31.23 -4,789 ENTERTAINMENT CORP. Voting LIONS GATE Common Shares Class A Levin, Wayne 5 13/11/2017 30 31.23 -4,789 ENTERTAINMENT CORP. Voting LIONS GATE Common Shares Class A Levin, Wayne 5 13/11/2017 30 31.23 -4,789 ENTERTAINMENT CORP. Voting LIONS GATE Common Shares Class A Levin, Wayne 5 13/11/2017 46 9,375 ENTERTAINMENT CORP. Voting LIONS GATE Common Shares Class A Levin, Wayne 5 13/11/2017 46 9,375 ENTERTAINMENT CORP. Voting LIONS GATE Common Shares Class A Levin, Wayne 5 13/11/2017 30 31.23 97,606 -4,789 ENTERTAINMENT CORP. Voting LIONS GATE Common Shares Class A Levin, Wayne 5 13/11/2017 46 106,981 9,375 ENTERTAINMENT CORP. Voting LIONS GATE Common Shares Class A Levin, Wayne 5 13/11/2017 30 30.69 102,089 -4,892 ENTERTAINMENT CORP. Voting LIONS GATE Non-Voting Shares Class Levin, Wayne 5 13/11/2017 30 30.05 -4,892 ENTERTAINMENT CORP. B LIONS GATE Non-Voting Shares Class Levin, Wayne 5 13/11/2017 30 30.05 -4,892 ENTERTAINMENT CORP. B LIONS GATE Non-Voting Shares Class Levin, Wayne 5 13/11/2017 30 30.05 97,495 -4,892 ENTERTAINMENT CORP. B LIONS GATE Non-Voting Shares Class Levin, Wayne 5 13/11/2017 46 106,870 9,375 ENTERTAINMENT CORP. B LIONS GATE Non-Voting Shares Class Levin, Wayne 5 13/11/2017 30 29.55 101,978 -4,892 ENTERTAINMENT CORP. B LIONS GATE Options Levin, Wayne 5 13/11/2017 46 276,577 16,582 ENTERTAINMENT CORP. LIONS GATE Options Levin, Wayne 5 13/11/2017 50 276,577 16,582 ENTERTAINMENT CORP. Liquor Stores N.A. Ltd. Common Shares Gordey, David Nathan 5 17/11/2017 57 9.38 6,377 760 Liquor Stores N.A. Ltd. Rights Restricted Share Gordey, David Nathan 5 17/11/2017 57 9.38 34,026 -760 Units Liquor Stores N.A. Ltd. Rights Restricted Share Gordey, David Nathan 5 17/11/2017 59 9.38 33,324 -702 Units Lotus Ventures Inc. Common Shares Mathiesen, Steve 4 10/11/2017 10 0.29 731,000 -8,000

November 23, 2017 (2017), 40 OSCB 9404

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Lotus Ventures Inc. Common Shares Mathiesen, Steve 4 14/11/2017 10 0.3 723,500 -7,500 Lotus Ventures Inc. Common Shares Mathiesen, Steve 4 15/11/2017 10 0.5 703,500 -20,000 Lotus Ventures Inc. Common Shares Mathiesen, Steve 4 15/11/2017 10 0.5 693,000 -10,500 Lotus Ventures Inc. Common Shares Mathiesen, Steve 4 15/11/2017 10 0.51 683,000 -10,000 Lotus Ventures Inc. Common Shares Mathiesen, Steve 4 16/11/2017 10 0.46 674,500 -8,500 Lotus Ventures Inc. Common Shares Mathiesen, Steve 4 17/11/2017 10 0.49 666,500 -8,000 Lotus Ventures Inc. Common Shares Mathiesen, Steve 4 17/11/2017 10 0.52 659,000 -7,500 Lotus Ventures Inc. Common Shares McClanaghan, Dale 4, 5 09/11/2017 10 0.35 3,055,000 -15,000 Lotus Ventures Inc. Common Shares McClanaghan, Dale 4, 5 14/11/2017 10 0.51 3,005,000 -50,000 Lotus Ventures Inc. Options McClanaghan, Dale 4, 5 09/11/2017 50 0.35 1,165,000 215,000 LXRandCo, Inc. (formerly Class B Shares Mannella, Luc 4 14/11/2017 10 5.16 1,100 100 Gibraltar Growth Corporation) LXRandCo, Inc. (formerly Class B Shares Mannella, Luc 4 15/11/2017 10 5.12 1,300 200 Gibraltar Growth Corporation) LXRandCo, Inc. (formerly Class B Shares Mannella, Luc 4 16/11/2017 10 5.05 1,500 200 Gibraltar Growth Corporation) Macarthur Minerals Limited Common Shares Phillips, Alan Joseph 4 11/10/2017 00 1,284,261 Macarthur Minerals Limited Common Shares Phillips, Alan Joseph 4 11/10/2017 00 400,000 Macarthur Minerals Limited Common Shares Options Phillips, Alan Joseph 4 11/10/2017 00 1,131,083 Madalena Energy Inc. Common Shares Mark, Eric Scott 4 16/11/2017 10 0.145 165,000 40,000 Madison Pacific Properties Non-Voting Shares Class Heung, Raymond 3 10/11/2017 10 3.11 8,473,517 -8,000 Inc. C Madison Pacific Properties Non-Voting Shares Class Heung, Raymond 3 10/11/2017 10 3.1 8,469,517 -4,000 Inc. C Mag One Products Inc. Common Shares Skalbania, Nelson Mathew 4 15/11/2017 10 0.45 1,104,200 -50,000 Mag One Products Inc. Options Skalbania, Nelson Mathew 4 16/11/2017 51 200,000 -100,000 Mag One Products Inc. Options Skalbania, Nelson Mathew 4 16/11/2017 30 0.3 300,000 100,000 Magna International Inc. Common Shares Galifi, Vincent Joseph 5 16/11/2017 51 28.51 488,188 70,000 Magna International Inc. Common Shares Galifi, Vincent Joseph 5 16/11/2017 10 68.02 418,188 -70,000 Magna International Inc. Options Galifi, Vincent Joseph 5 16/11/2017 51 28.51 692,551 -70,000 Magna International Inc. Common Shares Neeb, Marc Joseph 5 14/11/2017 51 24.11 56,353 16,666 Magna International Inc. Common Shares Neeb, Marc Joseph 5 14/11/2017 51 28.51 83,019 26,666 Magna International Inc. Common Shares Neeb, Marc Joseph 5 14/11/2017 10 67.2 39,687 -43,332 Magna International Inc. Options Neeb, Marc Joseph 5 14/11/2017 51 24.11 142,931 -16,666 Magna International Inc. Options Neeb, Marc Joseph 5 14/11/2017 51 28.51 116,265 -26,666 Magna International Inc. Common Shares Walker, Donald James 4, 5 13/11/2017 51 28.51 120,000 120,000 Magna International Inc. Common Shares Walker, Donald James 4, 5 14/11/2017 10 67.17 88,900 -31,100 Magna International Inc. Common Shares Walker, Donald James 4, 5 16/11/2017 10 67.5 0 -88,900 Magna International Inc. Common Shares Walker, Donald James 4, 5 13/11/2017 10 67.37 1,208,455 -200,000 Magna International Inc. Options Walker, Donald James 4, 5 13/11/2017 51 28.51 1,976,996 -120,000 Makena Resources Inc. Common Shares Deol, Gurcharn 4 15/11/2017 00 Makena Resources Inc. Options Deol, Gurcharn 4 15/11/2017 00 Manitou Gold Inc. Common Shares Dubreuil, Patrice Simon 5 16/11/2017 10 0.07 851,000 51,000 Manitou Gold Inc. Common Shares Dubreuil, Patrice Simon 5 16/11/2017 10 0.065 879,000 28,000 Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.06 222,803 -10,197 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.061 222,779 -24 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.061 220,700 -2,079 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.061 214,900 -5,800 Corporation

November 23, 2017 (2017), 40 OSCB 9405

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.062 214,000 -900 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.065 208,600 -5,400 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.067 208,000 -600 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.07 183,000 -25,000 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.08 178,000 -5,000 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.087 173,000 -5,000 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.09 157,640 -15,360 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.09 156,998 -642 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.09 156,993 -5 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.091 156,393 -600 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.091 156,193 -200 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.091 156,093 -100 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.091 151,068 -5,025 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.091 146,568 -4,500 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.092 146,468 -100 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.093 146,368 -100 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.095 145,968 -400 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.097 143,000 -2,968 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.1 87,656 -55,344 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.101 87,556 -100 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.101 87,056 -500 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.101 86,439 -617 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.105 85,400 -1,039 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.11 76,150 -9,250 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.111 74,250 -1,900 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.115 70,000 -4,250 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.121 60,000 -10,000 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.13 55,000 -5,000 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.14 50,000 -5,000 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.15 34,590 -15,410 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.15 34,490 -100 Corporation

November 23, 2017 (2017), 40 OSCB 9406

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.151 31,490 -3,000 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.155 30,000 -1,490 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.157 25,000 -5,000 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.16 15,000 -10,000 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.17 10,000 -5,000 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.181 5,000 -5,000 Corporation Manulife Financial Common Shares Jenkins, P. Thomas 4 16/11/2017 10 21.19 0 -5,000 Corporation Manulife Financial Common Shares Wadhwani, Anil 7, 5 13/11/2017 00 Corporation Manulife Financial Options Wadhwani, Anil 7, 5 13/11/2017 00 Corporation Manulife Financial Rights Deferred Share Wadhwani, Anil 7, 5 13/11/2017 00 Corporation Units (DSU) Manulife Financial Rights Performance Share Wadhwani, Anil 7, 5 13/11/2017 00 Corporation Units (PSU) Manulife Financial Rights Restricted Share Wadhwani, Anil 7, 5 13/11/2017 00 Corporation Units (RSU) Maple Leaf Foods Inc. Common Shares Maple Leaf Foods Inc. 1 13/11/2017 38 33.081 40,000 40,000 Maple Leaf Foods Inc. Common Shares Maple Leaf Foods Inc. 1 13/11/2017 38 0 -40,000 Maple Leaf Foods Inc. Common Shares Maple Leaf Foods Inc. 1 14/11/2017 38 33.431 40,000 40,000 Maple Leaf Foods Inc. Common Shares Maple Leaf Foods Inc. 1 14/11/2017 38 0 -40,000 Maple Leaf Foods Inc. Common Shares Maple Leaf Foods Inc. 1 15/11/2017 38 33.454 40,000 40,000 Maple Leaf Foods Inc. Common Shares Maple Leaf Foods Inc. 1 15/11/2017 38 0 -40,000 Maple Leaf Foods Inc. Common Shares Maple Leaf Foods Inc. 1 16/11/2017 38 33.683 40,000 40,000 Maple Leaf Foods Inc. Common Shares Maple Leaf Foods Inc. 1 16/11/2017 38 0 -40,000 Maple Leaf Foods Inc. Common Shares Maple Leaf Foods Inc. 1 17/11/2017 38 33.609 40,000 40,000 Maple Leaf Foods Inc. Common Shares Maple Leaf Foods Inc. 1 17/11/2017 38 0 -40,000 Maricann Group Inc. Convertible Debentures Silver, Eric Stuart 4 27/10/2017 16 $1,333,000 Maricann Group Inc. Convertible Debentures Silver, Eric Stuart 4 27/10/2017 16 $1,333,000 Maricann Group Inc. Warrants Silver, Eric Stuart 4 27/10/2017 16 417,229 Maricann Group Inc. Warrants Silver, Eric Stuart 4 27/10/2017 16 417,229 Martinrea International Inc. Deferred Share Unit Balfour, Scott Carlyle 4 14/11/2017 46 12.66 20,552 4,027 Martinrea International Inc. Performance Share Units D'Eramo, Frank Patrick 4 14/11/2017 46 12.66 38,652 9,772 Martinrea International Inc. Restricted Share Units D'Eramo, Frank Patrick 4 14/11/2017 46 12.66 38,652 9,772 Martinrea International Inc. Deferred Share Unit Doroniuk, Roman 4 14/11/2017 46 12.66 20,552 4,027 Martinrea International Inc. Deferred Share Unit Lyons, Terrence 4 14/11/2017 46 12.66 20,552 4,027 Martinrea International Inc. Deferred Share Unit Macher, Frank Edward 4 14/11/2017 46 12.66 20,552 4,027 Martinrea International Inc. Options Options to Marinaccio, Rocco 5 17/11/2017 59 7.2 5,000 -5,000 purchase common shares Martinrea International Inc. Deferred Share Unit Olson, Fred Donald 4 14/11/2017 46 12.66 20,552 4,027 Martinrea International Inc. Deferred Share Unit Pupatello, Sandra 4 14/11/2017 46 12.66 20,552 4,027 Martinrea International Inc. Performance Share Units Wildeboer, Robert Peter 4, 5 14/11/2017 46 12.66 38,652 9,772 Edward Martinrea International Inc. Restricted Share Units Wildeboer, Robert Peter 4, 5 14/11/2017 46 12.66 38,652 9,772 Edward Mason Graphite Inc. Common Shares Marcotte, Simon 5 14/11/2017 10 2.351 1,370,400 1,500 Mason Graphite Inc. Common Shares Marcotte, Simon 5 15/11/2017 10 2.183 1,371,100 700 Mason Graphite Inc. Common Shares Marcotte, Simon 5 17/11/2017 10 2.6 1,371,700 600 Mason Graphite Inc. Common Shares Neill, Alastair 4 15/11/2017 51 145,060 122,500 Mason Graphite Inc. Options Neill, Alastair 4 15/11/2017 51 0.6 200,000 -122,500

November 23, 2017 (2017), 40 OSCB 9407

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Matica Enterprises Inc. Common Shares Brown, George Andrew 4 10/11/2017 11 0.1 1,800,000 -700,000 Maxtech Ventures Inc. Options Wilson, Peter Grant 4, 5 26/10/2016 00 Maxtech Ventures Inc. Options Wilson, Peter Grant 4, 5 08/11/2017 50 0.3 650,000 650,000 MAYA GOLD & SILVER INC. Common Shares Taub, Robert 3, 4 10/11/2017 10 0.34 5,456,423 336,500 MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 30/06/2017 30 14.614 1,721 34 MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 17/07/2017 30 14.99 1,789 68 MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 31/07/2017 30 14.998 1,857 68 MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 16/08/2017 30 14.842 1,926 69 MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 01/09/2017 30 15.377 1,992 66 MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 15/09/2017 30 15.02 2,060 68 MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 29/09/2017 30 15.111 2,102 42 MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 29/09/2017 30 15.645 2,167 65 MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 13/10/2017 30 15.908 2,231 64 MCAN Mortgage Corporation Common Shares Bouganim, Jeffrey Joseph 5 31/10/2017 30 17.185 2,291 60 MCAN Mortgage Corporation Common Shares Doré, Susan 4 15/11/2017 10 17.02 163,830 -100 MCAN Mortgage Corporation Common Shares Doré, Susan 4 15/11/2017 10 17.01 161,114 -450 MCAN Mortgage Corporation Common Shares Doré, Susan 4 15/11/2017 10 17 159,214 -1,900 MCAN Mortgage Corporation Common Shares Sutherland, Ian 3, 4 17/11/2017 10 17.29 2,270,000 3,700 Meadow Bay Gold Common Shares Crupi, Christopher 4, 5 18/09/2017 37 1,075,232 -3,225,698 Corporation Meadow Bay Gold Common Shares Crupi, Christopher 4, 5 10/11/2017 16 0.05 3,075,232 2,000,000 Corporation Meadow Bay Gold Common Shares Crupi, Christopher 4, 5 18/09/2017 37 267,250 -801,750 Corporation Meadow Bay Gold Options Crupi, Christopher 4, 5 18/09/2017 37 0.19 1,037,500 -562,500 Corporation Meadow Bay Gold Options Crupi, Christopher 4, 5 18/09/2017 37 0.2 850,000 -187,500 Corporation Meadow Bay Gold Options Crupi, Christopher 4, 5 18/09/2017 37 0.085 400,000 -450,000 Corporation Meadow Bay Gold Options Crupi, Christopher 4, 5 31/10/2017 38 0.34 0 -150,000 Corporation Meadow Bay Gold Warrants Crupi, Christopher 4, 5 10/07/2017 52 0.25 2,416,647 -795,000 Corporation Meadow Bay Gold Warrants Crupi, Christopher 4, 5 18/09/2017 37 1,104,147 -1,312,500 Corporation Meadow Bay Gold Warrants Crupi, Christopher 4, 5 10/11/2017 16 0.1 2,104,147 1,000,000 Corporation Meadow Bay Gold Common Shares Dinning, Robert 4 18/09/2017 37 429,050 -1,287,150 Corporation Meadow Bay Gold Common Shares Dinning, Robert 4 10/11/2017 16 0.05 1,129,050 700,000 Corporation Meadow Bay Gold Options Dinning, Robert 4 27/01/2016 52 -100,000 Corporation Meadow Bay Gold Options Dinning, Robert 4 27/01/2016 52 -100,000 Corporation Meadow Bay Gold Options Dinning, Robert 4 14/03/2016 52 -200,000 Corporation Meadow Bay Gold Options Dinning, Robert 4 14/03/2016 52 -200,000 Corporation Meadow Bay Gold Options Dinning, Robert 4 18/09/2017 37 1,412,500 -187,500 Corporation Meadow Bay Gold Options Dinning, Robert 4 18/09/2017 37 1,300,000 -112,500 Corporation Meadow Bay Gold Options Dinning, Robert 4 18/09/2017 37 1,112,500 -187,500 Corporation Meadow Bay Gold Options Dinning, Robert 4 18/09/2017 37 550,000 -562,500 Corporation

November 23, 2017 (2017), 40 OSCB 9408

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Meadow Bay Gold Options Dinning, Robert 4 18/09/2017 37 0.085 100,000 -450,000 Corporation Meadow Bay Gold Warrants Dinning, Robert 4 19/06/2014 55 -85,000 Corporation Meadow Bay Gold Warrants Dinning, Robert 4 19/06/2014 55 -85,000 Corporation Meadow Bay Gold Warrants Dinning, Robert 4 18/09/2017 37 1,042,500 -112,500 Corporation Meadow Bay Gold Warrants Dinning, Robert 4 18/09/2017 37 952,500 -90,000 Corporation Meadow Bay Gold Warrants Dinning, Robert 4 10/11/2017 16 0.1 1,302,500 350,000 Corporation Medicenna Therapeutics Options Beraldo, Albert George 4 01/03/2017 00 50,000 Corp. Medicenna Therapeutics Options Beraldo, Albert George 4 10/11/2017 50 2.88 100,000 50,000 Corp. Medicenna Therapeutics Options Li, William 4 21/09/2017 00 Corp. Medicenna Therapeutics Options Li, William 4 10/11/2017 50 2.88 50,000 50,000 Corp. Medicenna Therapeutics Options Panchal, Chandra 4 10/11/2017 50 2.88 100,000 50,000 Corp. Medicenna Therapeutics Options Strong, Andrew 4 10/11/2017 50 2.88 100,000 50,000 Corp. MedReleaf Corp. Common Shares Arbib, Stephen 3 31/08/2017 10 8.1 6,099,170 -200 Mercer International Inc. Common Shares Lee, Jimmy S.H. 4, 5 14/11/2017 10 14.016 1,955,548 -10,000 Mercer International Inc. Common Shares Lee, Jimmy S.H. 4, 5 15/11/2017 10 14.021 1,948,048 -7,500 Mercer International Inc. Common Shares Lee, Jimmy S.H. 4, 5 16/11/2017 10 14.142 1,940,548 -7,500 Mexican Gold Corp. Common Shares Palisade Global 3 14/11/2017 10 0.3618 2,993,100 -2,238,500 Investments Ltd. Mexican Gold Corp. Common Shares Palisade Global 3 15/11/2017 54 0.25 6,326,100 3,333,000 Investments Ltd. Mexican Gold Corp. Common Shares Palisade Global 3 15/11/2017 10 0.3081 5,201,100 -1,125,000 Investments Ltd. Mexican Gold Corp. Warrants Palisade Global 3 15/11/2017 54 0.25 0 -3,333,000 Investments Ltd. MGX Minerals Inc. Common Shares Read, H. David 4 07/11/2017 10 0.9815 2,876,460 -61,800 Middlefield Can-Global REIT Trust Units Middlefield Can-Global 1 10/11/2017 38 11.5 4,502,187 400 Income Fund REIT Income Fund Middlefield Can-Global REIT Trust Units Middlefield Can-Global 1 15/11/2017 38 11.54 4,502,687 500 Income Fund REIT Income Fund Middlefield Healthcare & Life Trust Units Middlefield Healthcare & 1 10/11/2017 38 9.5448 293,900 6,700 Sciences Dividend Fund Life Sciences Dividend Fund Middlefield Healthcare & Life Trust Units Middlefield Healthcare & 1 13/11/2017 38 9.5416 296,400 2,500 Sciences Dividend Fund Life Sciences Dividend Fund Middlefield Healthcare & Life Trust Units Middlefield Healthcare & 1 14/11/2017 38 9.6656 298,200 1,800 Sciences Dividend Fund Life Sciences Dividend Fund Middlefield Healthcare & Life Trust Units Middlefield Healthcare & 1 15/11/2017 38 9.4818 303,300 5,100 Sciences Dividend Fund Life Sciences Dividend Fund Middlefield Healthcare & Life Trust Units Middlefield Healthcare & 1 16/11/2017 38 9.643 312,000 8,700 Sciences Dividend Fund Life Sciences Dividend Fund Middlefield Healthcare & Trust Units Middlefield Healthcare & 1 10/11/2017 38 9.4766 725,700 4,100 Wellness Dividend Fund Wellness Dividend Fund Middlefield Healthcare & Trust Units Middlefield Healthcare & 1 13/11/2017 38 9.503 730,300 4,600 Wellness Dividend Fund Wellness Dividend Fund Middlefield Healthcare & Trust Units Middlefield Healthcare & 1 14/11/2017 38 9.5009 738,300 8,000 Wellness Dividend Fund Wellness Dividend Fund

November 23, 2017 (2017), 40 OSCB 9409

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Middlefield Healthcare & Trust Units Middlefield Healthcare & 1 15/11/2017 38 9.4664 751,300 13,000 Wellness Dividend Fund Wellness Dividend Fund Middlefield Healthcare & Trust Units Middlefield Healthcare & 1 16/11/2017 38 9.5013 758,200 6,900 Wellness Dividend Fund Wellness Dividend Fund MINT Income Fund Trust Units MINT Income Fund 1 10/11/2017 38 6.75 66,017,629 600 MINT Income Fund Trust Units MINT Income Fund 1 13/11/2017 38 6.75 66,018,229 600 Miramont Resources Corp. Common Shares Hennigh, Quinton Todd 4 14/11/2017 00 149,600 Miramont Resources Corp. Common Shares King, Gordon 4 15/07/2015 00 Miramont Resources Corp. Common Shares King, Gordon 4 15/07/2015 00 Miramont Resources Corp. Common Shares King, Gordon 4 15/07/2015 00 Miramont Resources Corp. Common Shares King, Gordon 4 15/07/2015 00 4,550,000 Mitel Networks Corporation Common Shares Bejar, Martha Helena 4 10/11/2017 57 2,625 1,145 Mitel Networks Corporation Common Shares Bejar, Martha Helena 4 13/11/2017 10 7.9426 2,129 -496 Mitel Networks Corporation Rights Restricted Stock Bejar, Martha Helena 4 08/11/2017 56 15,645 1,145 Units Mitel Networks Corporation Rights Restricted Stock Bejar, Martha Helena 4 10/11/2017 57 14,500 -1,145 Units Mitel Networks Corporation Common Shares Matthews, Terence Hedley 4 08/08/2017 58 - Expiration of rights 3,600 Mitel Networks Corporation Common Shares Matthews, Terence Hedley 4 08/08/2017 58 - Expiration of rights 3,600 Mitel Networks Corporation Common Shares Matthews, Terence Hedley 4 13/11/2017 57 46,462 3,921 Mitel Networks Corporation Common Shares Matthews, Terence Hedley 4 13/11/2017 10 7.9426 44,584 -1,878 Mitel Networks Corporation Rights Restricted Stock Matthews, Terence Hedley 4 09/08/2017 57 8.69 -3,600 Units Mitel Networks Corporation Rights Restricted Stock Matthews, Terence Hedley 4 09/08/2017 57 8.69 -3,600 Units Mitel Networks Corporation Rights Restricted Stock Matthews, Terence Hedley 4 08/11/2017 56 18,421 3,921 Units Mitel Networks Corporation Rights Restricted Stock Matthews, Terence Hedley 4 13/11/2017 58 - Expiration 14,500 -3,921 Units of rights Mitel Networks Corporation Common Shares McAnuff, Colin Ross 5 09/11/2016 00 5,000 Mitel Networks Corporation Common Shares McAnuff, Colin Ross 5 10/11/2017 10 7.985 2,291 -2,709 Mitel Networks Corporation Units Restricted Stock McAnuff, Colin Ross 5 09/11/2017 57 28,500 -5,000 Units Mitel Networks Corporation Common Shares McBee, Richard 4, 5 08/11/2017 10 8 -10,000 Mitel Networks Corporation Common Shares McBee, Richard 4, 5 08/11/2017 10 8 277,647 10,000 Mitel Networks Corporation Common Shares McHugh, John 4 10/11/2017 57 70,367 2,133 Mitel Networks Corporation Common Shares McHugh, John 4 13/11/2017 10 7.9426 69,710 -657 Mitel Networks Corporation Rights Restricted Stock McHugh, John 4 08/11/2017 56 16,633 2,133 Units Mitel Networks Corporation Rights Restricted Stock McHugh, John 4 10/11/2017 57 14,500 -2,133 Units Mogo Finance Technology Common Shares Feller, Gregory Dean 4, 5 15/11/2017 10 6.0443 723,703 13,700 Inc. Mogo Finance Technology Common Shares Feller, Gregory Dean 4, 5 16/11/2017 10 6.2501 728,703 5,000 Inc. Monarques Gold Corporation Common Shares Baril, Michel 4 17/11/2017 54 0.1 669,762 53,760 (formerly know as MONARQUES RESOURCES INC.) Monarques Gold Corporation Common Shares Baril, Michel 4 17/11/2017 57 0.18 709,762 40,000 (formerly know as MONARQUES RESOURCES INC.) Monarques Gold Corporation Warrants Baril, Michel 4 17/11/2017 54 0.1 40,000 -53,760 (formerly know as MONARQUES RESOURCES INC.)

November 23, 2017 (2017), 40 OSCB 9410

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Monarques Gold Corporation Warrants Baril, Michel 4 17/11/2017 54 0.18 0 -40,000 (formerly know as MONARQUES RESOURCES INC.) Montero Mining and Common Shares Thomson, Andrew 4 15/11/2017 10 0.16 248,688 6,500 Exploration Ltd. Morguard Real Estate Units Walker, Timothy James 4 14/11/2017 10 13.828 44,000 -1,000 Investment Trust Morneau Shepell Inc. Rights DDSU Denham, Gillian H. (Jill) 5 15/11/2017 56 21.768 4,166 1,435 Morneau Shepell Inc. Rights DDSU MINTZ, JACK MAURICE 5 15/11/2017 56 21.768 12,987 1,435 Morneau Shepell Inc. Rights DDSU Morneau, Sr., William Frank 5 15/11/2017 56 21.768 3,571 1,263 MPX Bioceutical Corporation Common Shares Almheiri, Naser Bin Butti 3 13/11/2017 10 52,162,500 -337,500 MPX Bioceutical Corporation Common Shares Almheiri, Naser Bin Butti 3 14/11/2017 10 51,979,500 -183,000 MPX Bioceutical Corporation Common Shares Almheiri, Naser Bin Butti 3 15/11/2017 10 51,911,500 -68,000 MYM Nutraceuticals Inc. Options Elsdon, Sheryl 5 15/11/2017 51 1.84 230,000 -20,000 MYM Nutraceuticals Inc. Options Elsdon, Sheryl 5 16/11/2017 51 1.58 200,000 -30,000 MYM Nutraceuticals Inc. Common Shares Forster, Mark 5 14/11/2017 10 2 400,000 -50,000 MYM Nutraceuticals Inc. Common Shares Forster, Mark 5 14/11/2017 10 2.1 387,600 -12,400 MYM Nutraceuticals Inc. Common Shares Forster, Mark 5 14/11/2017 10 2.11 386,700 -900 MYM Nutraceuticals Inc. Common Shares Forster, Mark 5 14/11/2017 10 2 800,000 -50,000 MYM Nutraceuticals Inc. Common Shares Ramage, Ian 4 13/11/2017 10 1.07 10,000 -10,000 MYM Nutraceuticals Inc. Common Shares Ramage, Ian 4 14/11/2017 10 1.68 0 -10,000 MYM Nutraceuticals Inc. Common Shares Ramage, Ian 4 15/11/2017 51 0.2 62,500 62,500 MYM Nutraceuticals Inc. Common Shares Ramage, Ian 4 15/11/2017 54 0.4 60,000 40,000 MYM Nutraceuticals Inc. Options Ramage, Ian 4 15/11/2017 51 0.2 62,500 -62,500 MYM Nutraceuticals Inc. Warrants Ramage, Ian 4 15/11/2017 54 0.4 20,000 -40,000 National Bank of Canada Common Shares Bachand, Raymond 4 08/11/2017 35 63.42 1,112 10 National Bank of Canada Unités d'actions différées Bachand, Raymond 4 01/11/2017 35 6,838 63 (UAD) / (DSU) National Bank of Canada Unités d'actions différées Bachand, Raymond 4 15/11/2017 56 7,395 557 (UAD) / (DSU) National Bank of Canada Common Shares Bertrand, Maryse 4 08/11/2017 35 63.42 5,190 33 National Bank of Canada Unités d'actions différées Bertrand, Maryse 4 01/11/2017 35 12,417 114 (UAD) / (DSU) National Bank of Canada Unités d'actions différées Bertrand, Maryse 4 15/11/2017 56 13,054 637 (UAD) / (DSU) National Bank of Canada Unités d'actions différées Blouin, Pierre J. 4 01/11/2017 35 2,245 21 (UAD) / (DSU) National Bank of Canada Unités d'actions différées Blouin, Pierre J. 4 15/11/2017 56 2,802 557 (UAD) / (DSU) National Bank of Canada Common Shares Boivin, Pierre 4 08/11/2017 35 63.42 14,659 24 National Bank of Canada Unités d'actions différées Boivin, Pierre 4 01/11/2017 35 7,177 66 (UAD) / (DSU) National Bank of Canada Unités d'actions différées Boivin, Pierre 4 15/11/2017 56 7,814 637 (UAD) / (DSU) National Bank of Canada Unités d'actions Bonnell, William 5 01/11/2017 35 41,606 381 assujetties à un critère de performance National Bank of Canada Unités d'actions différées Bonnell, William 5 01/11/2017 35 22,513 206 (UAD) / (DSU) National Bank of Canada Unités d'actions Davis, Brian A. 7 01/11/2017 35 62,796 574 assujetties à des restrictions (UAR) /(RSU) National Bank of Canada Unités d'actions Davis, Brian A. 7 01/11/2017 35 4,094 37 assujetties à un critère de performance National Bank of Canada Unités d'actions différées Denham, Gillian H. (Jill) 4 01/11/2017 35 2,404 22 (UAD) / (DSU)

November 23, 2017 (2017), 40 OSCB 9411

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed National Bank of Canada Unités d'actions différées Denham, Gillian H. (Jill) 4 15/11/2017 56 2,653 249 (UAD) / (DSU) National Bank of Canada Unités d'actions Fagnoule, Dominique 5 01/11/2017 35 30,268 276 assujetties à un critère de performance National Bank of Canada Unités d'actions différées Fagnoule, Dominique 5 01/11/2017 35 11,438 105 (UAD) / (DSU) National Bank of Canada Unités d'actions différées Fortin, Richard 4 01/11/2017 35 11,728 109 (UAD) / (DSU) National Bank of Canada Unités d'actions différées Fortin, Richard 4 15/11/2017 56 12,469 741 (UAD) / (DSU) National Bank of Canada Unités d'actions Gagnon, Martin 5 01/11/2017 35 6,137 56 assujetties à des restrictions (UAR) /(RSU) National Bank of Canada Unités d'actions Gagnon, Martin 5 01/11/2017 35 24,844 228 assujetties à un critère de performance National Bank of Canada Unités d'actions différées Gagnon, Martin 5 01/11/2017 35 9,246 84 (UAD) / (DSU) National Bank of Canada Unités d'actions Giard, Diane 5 01/11/2017 35 74,111 678 assujetties à un critère de performance National Bank of Canada Unités d'actions différées Giard, Diane 5 01/11/2017 35 275 (UAD) / (DSU) National Bank of Canada Unités d'actions différées Giard, Diane 5 01/11/2017 35 275 (UAD) / (DSU) National Bank of Canada Unités d'actions différées Giard, Diane 5 01/11/2017 35 30,111 276 (UAD) / (DSU) National Bank of Canada Unités d'actions Girouard, Denis 7 01/11/2017 35 164,717 1,506 assujetties à des restrictions (UAR) /(RSU) National Bank of Canada Unités d'actions Girouard, Denis 7 01/11/2017 35 10,969 100 assujetties à un critère de performance National Bank of Canada Unités d'actions Hébert, Brigitte 5 01/11/2017 35 17,060 156 assujetties à un critère de performance National Bank of Canada Unités d'actions différées Hébert, Brigitte 5 01/11/2017 35 18,085 165 (UAD) / (DSU) National Bank of Canada Common Shares Houde, Jean 4 08/11/2017 35 63.42 14,699 37 National Bank of Canada Unités d'actions différées Houde, Jean 4 01/11/2017 35 2,948 27 (UAD) / (DSU) National Bank of Canada Unités d'actions différées Houde, Jean 4 15/11/2017 56 3,305 357 (UAD) / (DSU) National Bank of Canada Unités d'actions Jeanniot, Lynn 5 01/11/2017 35 30,268 276 assujetties à un critère de performance National Bank of Canada Unités d'actions différées Jeanniot, Lynn 5 01/11/2017 35 13,091 119 (UAD) / (DSU) National Bank of Canada Unités d'actions différées Kinsley, Karen 4 01/11/2017 35 6,502 60 (UAD) / (DSU) National Bank of Canada Unités d'actions différées Kinsley, Karen 4 15/11/2017 56 6,750 248 (UAD) / (DSU) National Bank of Canada Unités d'actions Lavigne, Martin 5 01/11/2017 35 7,571 69 assujetties à des restrictions (UAR) /(RSU) National Bank of Canada Unités d'actions Lavigne, Martin 5 01/11/2017 35 5,630 51 assujetties à un critère de performance National Bank of Canada Unités d'actions différées Lavigne, Martin 5 01/11/2017 35 13,946 128 (UAD) / (DSU) National Bank of Canada Unités d'actions Legris, Alain 5 01/11/2017 35 5,012 46 assujetties à un critère de performance

November 23, 2017 (2017), 40 OSCB 9412

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed National Bank of Canada Unités d'actions différées Legris, Alain 5 01/11/2017 35 20,940 191 (UAD) / (DSU) National Bank of Canada Unités d'actions différées McKillican, Rebecca 4 01/10/2017 00 (UAD) / (DSU) National Bank of Canada Unités d'actions différées McKillican, Rebecca 4 15/11/2017 56 167 167 (UAD) / (DSU) National Bank of Canada Unités d'actions Parent, Ghislain 5 01/11/2017 35 41,606 381 assujetties à un critère de performance National Bank of Canada Unités d'actions différées Parent, Ghislain 5 01/11/2017 35 28,325 259 (UAD) / (DSU) National Bank of Canada Unités d'actions Pascoe, Ricardo 5 01/11/2017 35 113,503 1,037 assujetties à des restrictions (UAR) /(RSU) National Bank of Canada Unités d'actions Pascoe, Ricardo 5 01/11/2017 35 81,030 741 assujetties à un critère de performance National Bank of Canada Common Shares Saputo, Lino Anthony 4 08/11/2017 35 63.42 5,686 33 National Bank of Canada Unités d'actions différées Saputo, Lino Anthony 4 01/11/2017 35 10,074 93 (UAD) / (DSU) National Bank of Canada Unités d'actions différées Saputo, Lino Anthony 4 15/11/2017 56 10,571 497 (UAD) / (DSU) National Bank of Canada Common Shares Savoie, Andrée 4 08/11/2017 35 63.42 3,215 10 National Bank of Canada Unités d'actions différées Savoie, Andrée 4 01/11/2017 35 4,627 43 (UAD) / (DSU) National Bank of Canada Unités d'actions différées Savoie, Andrée 4 15/11/2017 56 5,145 518 (UAD) / (DSU) National Bank of Canada Common Shares Thabet, Pierre 4 08/11/2017 35 63.42 5,357 40 National Bank of Canada Unités d'actions différées Thabet, Pierre 4 01/11/2017 35 11,755 108 (UAD) / (DSU) National Bank of Canada Unités d'actions différées Thabet, Pierre 4 15/11/2017 56 12,252 497 (UAD) / (DSU) National Bank of Canada Unités d'actions Vachon, Louis 4, 5 01/11/2017 35 234,034 2,139 assujetties à un critère de performance Neovasc Inc. Common Shares Frost, Phillip 3 14/11/2017 10 14,442,587 -608,577 Neovasc Inc. Common Shares Frost, Phillip 3 15/11/2017 10 14,389,919 -52,668 Nevada Zinc Corporation Common Shares Norvista Capital Corporation 3 03/08/2017 10 0.23 5,000 Nevada Zinc Corporation Common Shares Norvista Capital Corporation 3 03/08/2017 10 0.23 2,213,594 7,000 Nevada Zinc Corporation Common Shares Norvista Capital Corporation 3 20/06/2017 10 0.29 2,500 Nevada Zinc Corporation Common Shares Norvista Capital Corporation 3 20/06/2017 10 0.29 9,500 Nevada Zinc Corporation Common Shares Norvista Capital Corporation 3 20/06/2017 10 0.29 9,323,999 2,500 Nevada Zinc Corporation Common Shares Norvista Capital Corporation 3 10/07/2017 10 0.235 17,000 Nevada Zinc Corporation Common Shares Norvista Capital Corporation 3 10/07/2017 10 0.235 9,504,999 10,000 Nevada Zinc Corporation Common Shares Norvista Capital Corporation 3 16/11/2017 10 0.215 9,963,999 34,000 Nevada Zinc Corporation Common Shares Norvista Capital Corporation 3 16/11/2017 10 0.21 9,969,999 6,000 Newlox Gold Ventures Corp. Common Shares Benavides, Jeffrey 4, 5 25/09/2017 11 0.05 3,943,072 -1,000,000 Nexus Real Estate Trust Units Cutsey, Bradley 4 06/11/2017 46 2.0061 15,585 3,598 Investment Trust Nexus Real Estate Trust Units Forgione, Mario 4 06/11/2017 46 2.0061 421,757 2,217 Investment Trust Nexus Real Estate Trust Units Jacobson, Lorne 4 06/11/2017 46 2.0061 7,130 3,598 Investment Trust Nexus Real Estate Trust Units Lagopoulos, Nicholas 4 06/11/2017 46 2.0061 60,194 2,888 Investment Trust Alexander NGEx Resources Inc. Common Shares Zebra Holdings and 3 16/11/2017 11 23,076,539 14,000 Investments S.à.r.l. Northfield Capital Common Shares CLASS Cudney, Robert Douglas 3, 4 07/11/2017 10 24.65 476,156 -10,000 Corporation A RESTRICTED VOTING NRG Metals Inc. Common Shares Dai, Yi Hua 3 15/11/2017 00

November 23, 2017 (2017), 40 OSCB 9413

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed NRG Metals Inc. Common Shares Dai, Yi Hua 3 15/11/2017 11 0.1 9,800,000 9,800,000 NRG Metals Inc. Warrants on placements Dai, Yi Hua 3 15/11/2017 00 NRG Metals Inc. Warrants on placements Dai, Yi Hua 3 15/11/2017 11 9,800,000 9,800,000 NUVISTA ENERGY LTD. Options Andreachuk, Ross Lloyd 5 09/11/2017 50 8.53 439,354 21,130 NUVISTA ENERGY LTD. Options Andreachuk, Ross Lloyd 5 09/11/2017 50 8.53 460,484 21,130 NUVISTA ENERGY LTD. Options Andreachuk, Ross Lloyd 5 09/11/2017 50 8.53 481,614 21,130 NUVISTA ENERGY LTD. Restricted Share Awards Andreachuk, Ross Lloyd 5 09/11/2017 56 47,939 8,796 NUVISTA ENERGY LTD. Options Asman, Kevin Garth 5 09/11/2017 50 8.53 382,116 16,904 NUVISTA ENERGY LTD. Options Asman, Kevin Garth 5 09/11/2017 50 8.53 399,020 16,904 NUVISTA ENERGY LTD. Options Asman, Kevin Garth 5 09/11/2017 50 8.53 415,924 16,904 NUVISTA ENERGY LTD. Options Asman, Kevin Garth 5 14/11/2017 59 5.41 410,924 -5,000 NUVISTA ENERGY LTD. Restricted Share Awards Asman, Kevin Garth 5 09/11/2017 56 38,451 7,037 NUVISTA ENERGY LTD. Common Shares Lawford, Michael 5 14/11/2017 30 68,612 -6 NUVISTA ENERGY LTD. Options Lawford, Michael 5 09/11/2017 50 8.53 494,302 22,242 NUVISTA ENERGY LTD. Options Lawford, Michael 5 09/11/2017 50 8.53 516,544 22,242 NUVISTA ENERGY LTD. Options Lawford, Michael 5 09/11/2017 50 8.53 538,786 22,242 NUVISTA ENERGY LTD. Restricted Share Awards Lawford, Michael 5 09/11/2017 56 49,667 9,259 NUVISTA ENERGY LTD. Common Shares MacPhail, Keith A.J. 4, 5 09/11/2017 10 8.62 2,394,812 -20,000 NUVISTA ENERGY LTD. Options McDavid, Douglas 5 09/11/2017 50 8.53 475,354 21,130 Christopher NUVISTA ENERGY LTD. Options McDavid, Douglas 5 09/11/2017 50 8.53 496,484 21,130 Christopher NUVISTA ENERGY LTD. Options McDavid, Douglas 5 09/11/2017 50 8.53 517,614 21,130 Christopher NUVISTA ENERGY LTD. Options McDavid, Douglas 5 10/11/2017 59 4.25 509,614 -8,000 Christopher NUVISTA ENERGY LTD. Restricted Share Awards McDavid, Douglas 5 09/11/2017 56 47,939 8,796 Christopher NUVISTA ENERGY LTD. Options Truba, Joshua Thomas 5 09/11/2017 50 8.53 360,281 16,237 NUVISTA ENERGY LTD. Options Truba, Joshua Thomas 5 09/11/2017 50 8.53 376,518 16,237 NUVISTA ENERGY LTD. Options Truba, Joshua Thomas 5 09/11/2017 50 8.53 392,755 16,237 NUVISTA ENERGY LTD. Restricted Share Awards Truba, Joshua Thomas 5 09/11/2017 56 37,192 6,759 NUVISTA ENERGY LTD. Options Wright, Jonathan Andrew 5 09/11/2017 50 8.53 887,576 37,144 NUVISTA ENERGY LTD. Options Wright, Jonathan Andrew 5 09/11/2017 50 8.53 924,720 37,144 NUVISTA ENERGY LTD. Options Wright, Jonathan Andrew 5 09/11/2017 50 8.53 961,864 37,144 NUVISTA ENERGY LTD. Restricted Share Awards Wright, Jonathan Andrew 5 09/11/2017 56 82,990 15,463 Olympia Financial Group Inc. Common Shares Skauge, Rick 3, 4, 5 09/11/2017 10 34.1 -590 Olympia Financial Group Inc. Common Shares Skauge, Rick 3, 4, 5 09/11/2017 10 34.1 -590 OneCap Investment Common Shares Gosselin, Réjean 4, 5 13/11/2017 10 0.105 2,640,391 50,000 Corporation OneCap Investment Common Shares Gosselin, Réjean 4, 5 14/11/2017 10 0.12 2,650,391 10,000 Corporation OneCap Investment Common Shares Gosselin, Réjean 4, 5 14/11/2017 10 0.105 2,699,391 49,000 Corporation OneCap Investment Common Shares Gosselin, Réjean 4, 5 15/11/2017 10 0.105 2,733,891 34,500 Corporation ONEX CORPORATION Subordinate Voting Copeland, David Wayne 5 01/03/2015 00 Shares ONEX CORPORATION Subordinate Voting Copeland, David Wayne 5 14/11/2017 10 92.25 126 126 Shares ONEX CORPORATION Subordinate Voting Daly, Andrea Elizabeth 5 14/11/2017 10 92.22 1,833 500 Shares Opawica Explorations Inc. Common Shares Havard, Philippe 5 27/06/2016 45 2,870,000 Opawica Explorations Inc. Common Shares Havard, Philippe 5 27/06/2016 45 2,870,000 2,870,000 Open Text Corporation Common Shares OTEX Barrenechea, Mark James 4, 5 13/11/2017 57 33.42 550,627 51,310 Common

November 23, 2017 (2017), 40 OSCB 9414

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Open Text Corporation Common Shares OTEX Barrenechea, Mark James 4, 5 13/11/2017 57 33.42 587,267 36,640 Common Open Text Corporation Performance Share Units Barrenechea, Mark James 4, 5 13/11/2017 57 33.42 -51,310 Open Text Corporation Performance Share Units Barrenechea, Mark James 4, 5 13/11/2017 57 33.42 298,310 -73,300 Open Text Corporation Restricted Share Units Barrenechea, Mark James 4, 5 13/11/2017 57 33.42 203,682 -36,640 Open Text Corporation Common Shares OTEX Davies, Gordon Allan 5 13/11/2017 57 33.42 56,664 11,494 Common Open Text Corporation Common Shares OTEX Davies, Gordon Allan 5 13/11/2017 57 33.42 64,884 8,220 Common Open Text Corporation Performance Share Units Davies, Gordon Allan 5 13/11/2017 57 33.42 -11,494 Open Text Corporation Performance Share Units Davies, Gordon Allan 5 13/11/2017 57 33.42 56,710 -16,420 Open Text Corporation Restricted Share Units Davies, Gordon Allan 5 13/11/2017 57 33.42 28,350 -8,220 Open Text Corporation Common Shares OTEX Doolittle, John 5 13/11/2017 57 33.42 21,863 9,870 Common Open Text Corporation Common Shares OTEX Doolittle, John 5 13/11/2017 57 33.42 28,923 7,060 Common Open Text Corporation Performance Share Units Doolittle, John 5 13/11/2017 57 33.42 -9,870 Open Text Corporation Performance Share Units Doolittle, John 5 13/11/2017 57 33.42 49,030 -14,100 Open Text Corporation Restricted Share Units Doolittle, John 5 13/11/2017 57 33.42 24,510 -7,060 Open Text Corporation Common Shares OTEX Harrison, Simon David 5 13/11/2017 57 33.42 13,642 4,060 Common Open Text Corporation Restricted Share Units Harrison, Simon David 5 13/11/2017 57 33.42 17,270 -4,060 Open Text Corporation Common Shares OTEX Howatson, Adam Murray 5 13/11/2017 57 33.42 868 Common Open Text Corporation Common Shares OTEX Howatson, Adam Murray 5 13/11/2017 57 33.42 868 868 Common Open Text Corporation Common Shares OTEX Howatson, Adam Murray 5 13/11/2017 57 33.42 4,928 4,060 Common Open Text Corporation Performance Share Units Howatson, Adam Murray 5 13/11/2017 57 33.42 -868 Open Text Corporation Performance Share Units Howatson, Adam Murray 5 13/11/2017 57 33.42 15,520 -1,240 Open Text Corporation Restricted Share Units Howatson, Adam Murray 5 13/11/2017 57 33.42 7,740 -4,060 Open Text Corporation Common Shares OTEX Jamieson, John David 5 13/11/2017 57 33.42 5,883 3,542 Common Open Text Corporation Common Shares OTEX Jamieson, John David 5 13/11/2017 57 33.42 8,423 2,540 Common Open Text Corporation Common Shares OTEX Jamieson, John David 5 13/11/2017 57 33.42 10,091 1,668 Common Open Text Corporation Performance Share Units Jamieson, John David 5 13/11/2017 57 33.42 -3,542 Open Text Corporation Performance Share Units Jamieson, John David 5 13/11/2017 57 33.42 14,200 -5,060 Open Text Corporation Restricted Share Units Jamieson, John David 5 13/11/2017 57 33.42 18,768 -2,540 Open Text Corporation Restricted Share Units Jamieson, John David 5 13/11/2017 57 33.42 17,100 -1,668 Open Text Corporation Common Shares OTEX Majzoub, Muhieddine 5 13/11/2017 57 33.42 52,500 9,296 Common Open Text Corporation Common Shares OTEX Majzoub, Muhieddine 5 13/11/2017 57 33.42 59,140 6,640 Common Open Text Corporation Performance Share Units Majzoub, Muhieddine 5 13/11/2017 57 33.42 -9,296 Open Text Corporation Performance Share Units Majzoub, Muhieddine 5 13/11/2017 57 33.42 51,910 -13,280 Open Text Corporation Restricted Share Units Majzoub, Muhieddine 5 13/11/2017 57 33.42 25,950 -6,640 Open Text Corporation Common Shares OTEX McGourlay, Christopher 5 13/11/2017 57 33.42 15,613 2,842 Common James Open Text Corporation Common Shares OTEX McGourlay, Christopher 5 13/11/2017 57 33.42 17,633 2,020 Common James Open Text Corporation Performance Share Units McGourlay, Christopher 5 13/11/2017 57 33.42 -2,842 James Open Text Corporation Performance Share Units McGourlay, Christopher 5 13/11/2017 57 33.42 22,480 -4,060 James Open Text Corporation Restricted Share Units McGourlay, Christopher 5 13/11/2017 57 33.42 8,770 -2,020 James

November 23, 2017 (2017), 40 OSCB 9415

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Open Text Corporation Common Shares OTEX Parker, Douglas Michael 5 13/11/2017 57 33.42 6,080 6,080 Common Open Text Corporation Restricted Share Units Parker, Douglas Michael 5 13/11/2017 57 33.42 16,720 -6,080 Open Text Corporation Common Shares OTEX Schulze, George Edward Jr. 5 31/07/2015 00 Common Open Text Corporation Common Shares OTEX Schulze, George Edward Jr. 5 13/11/2017 57 33.42 8,120 8,120 Common Open Text Corporation Restricted Share Units Schulze, George Edward Jr. 5 13/11/2017 57 33.42 14,550 -8,120 Open Text Corporation Common Shares OTEX Weiss, Gary 5 13/11/2017 57 33.42 14,540 1,302 Common Open Text Corporation Common Shares OTEX Weiss, Gary 5 13/11/2017 57 33.42 20,620 6,080 Common Open Text Corporation Performance Share Units Weiss, Gary 5 13/11/2017 57 33.42 -1,302 Open Text Corporation Performance Share Units Weiss, Gary 5 13/11/2017 57 33.42 11,720 -1,860 Open Text Corporation Restricted Share Units Weiss, Gary 5 13/11/2017 57 33.42 5,850 -6,080 Opsens Inc. Common Shares Fiera Capital Corporation 3 10/11/2017 10 1.2484 14,693,480 8,100 (formerly Fiera Sceptre Inc.) Opsens Inc. Common Shares Fiera Capital Corporation 3 13/11/2017 10 1.2257 14,700,180 6,700 (formerly Fiera Sceptre Inc.) Opsens Inc. Common Shares Fiera Capital Corporation 3 14/11/2017 10 1.2212 14,711,480 11,300 (formerly Fiera Sceptre Inc.) Opsens Inc. Common Shares Fiera Capital Corporation 3 15/11/2017 10 1.211 14,767,080 55,600 (formerly Fiera Sceptre Inc.) Opsens Inc. Common Shares Fiera Capital Corporation 3 16/11/2017 10 1.2 14,770,880 3,800 (formerly Fiera Sceptre Inc.) Orezone Gold Corporation Common Shares Downey, Patrick 4 10/11/2017 10 0.73 1,438,700 73,000 Orezone Gold Corporation Common Shares Downey, Patrick 4 13/11/2017 10 0.73 1,470,700 32,000 Orosur Mining Inc. Options Aceituno, Jorge 5 17/11/2017 50 0.24 250,000 100,000 Orosur Mining Inc. Options Cohen, Ryan 5 17/11/2017 50 0.24 750,000 75,000 Orosur Mining Inc. Options Lee, Horng Dih 4 17/11/2017 50 0.24 575,000 75,000 Orosur Mining Inc. Options Lopez, Alejandra 5 17/11/2017 50 0.24 435,000 125,000 Orosur Mining Inc. Options Salazar, Pedro Ignacio 4, 5 17/11/2017 50 0.24 2,199,544 175,000 Orosur Mining Inc. Options Walmsley, John Arthur 4 17/11/2017 50 0.24 1,097,439 90,000 Osisko Mining Inc. (formerly Options Mance, Lili 5 13/11/2017 00 50,000 Oban Mining Corporation) Osisko Mining Inc. (formerly Options Marcotte, Alexandria 5 13/11/2017 00 100,000 Oban Mining Corporation) Otis Gold Corp. Common Shares Mitchell, Sean 4 10/11/2017 10 0.2664 205,000 -45,000 Painted Pony Energy Ltd. Rights Deferred Share Angus, Kevin Daniel 4 13/01/2017 56 1,474 1,474 Units Painted Pony Energy Ltd. Rights Deferred Share Angus, Kevin Daniel 4 17/04/2017 56 3,988 2,514 Units Painted Pony Energy Ltd. Rights Deferred Share Angus, Kevin Daniel 4 30/06/2017 56 7,101 Units Painted Pony Energy Ltd. Rights Deferred Share Angus, Kevin Daniel 4 30/06/2017 56 7,101 Units Painted Pony Energy Ltd. Rights Deferred Share Angus, Kevin Daniel 4 30/06/2017 56 7,101 Units Painted Pony Energy Ltd. Rights Deferred Share Angus, Kevin Daniel 4 30/06/2017 56 7,101 3,113 Units Painted Pony Energy Ltd. Rights Deferred Share Cornhill, David Wallace 4 13/01/2017 56 3,207 3,207 Units Painted Pony Energy Ltd. Rights Deferred Share Cornhill, David Wallace 4 17/04/2017 56 8,235 5,028 Units Painted Pony Energy Ltd. Rights Deferred Share Cornhill, David Wallace 4 30/06/2017 56 14,462 Units Painted Pony Energy Ltd. Rights Deferred Share Cornhill, David Wallace 4 30/06/2017 56 14,462 Units

November 23, 2017 (2017), 40 OSCB 9416

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Painted Pony Energy Ltd. Rights Deferred Share Cornhill, David Wallace 4 30/06/2017 56 14,462 Units Painted Pony Energy Ltd. Rights Deferred Share Cornhill, David Wallace 4 30/06/2017 56 14,462 6,227 Units Painted Pony Energy Ltd. Rights Deferred Share Dunne, Joan 4 13/01/2017 56 1,387 1,387 Units Painted Pony Energy Ltd. Rights Deferred Share Dunne, Joan 4 17/04/2017 56 3,901 2,514 Units Painted Pony Energy Ltd. Rights Deferred Share Dunne, Joan 4 30/06/2017 56 7,014 Units Painted Pony Energy Ltd. Rights Deferred Share Dunne, Joan 4 30/06/2017 56 7,014 Units Painted Pony Energy Ltd. Rights Deferred Share Dunne, Joan 4 30/06/2017 56 7,014 Units Painted Pony Energy Ltd. Rights Deferred Share Dunne, Joan 4 30/06/2017 56 7,014 3,113 Units Painted Pony Energy Ltd. Rights Deferred Share Joubert, Nereus 4 13/01/2017 56 1,749 1,749 Units Painted Pony Energy Ltd. Rights Deferred Share Joubert, Nereus 4 17/04/2017 56 4,491 2,742 Units Painted Pony Energy Ltd. Rights Deferred Share Joubert, Nereus 4 30/06/2017 56 7,888 Units Painted Pony Energy Ltd. Rights Deferred Share Joubert, Nereus 4 30/06/2017 56 7,888 Units Painted Pony Energy Ltd. Rights Deferred Share Joubert, Nereus 4 30/06/2017 56 7,888 Units Painted Pony Energy Ltd. Rights Deferred Share Joubert, Nereus 4 30/06/2017 56 7,888 3,397 Units Painted Pony Energy Ltd. Rights Deferred Share Madden, Arthur J.G. 4 13/01/2017 56 1,822 1,822 Units Painted Pony Energy Ltd. Rights Deferred Share Madden, Arthur J.G. 4 17/04/2017 56 4,679 2,857 Units Painted Pony Energy Ltd. Rights Deferred Share Madden, Arthur J.G. 4 30/06/2017 56 8,217 Units Painted Pony Energy Ltd. Rights Deferred Share Madden, Arthur J.G. 4 30/06/2017 56 8,217 Units Painted Pony Energy Ltd. Rights Deferred Share Madden, Arthur J.G. 4 30/06/2017 56 8,217 Units Painted Pony Energy Ltd. Rights Deferred Share Madden, Arthur J.G. 4 30/06/2017 56 8,217 3,538 Units Painted Pony Energy Ltd. Rights Deferred Share Voneiff, George William 4 28/06/2017 56 22,488 22,488 Units Painted Pony Energy Ltd. Rights Deferred Share Voneiff, George William 4 30/06/2017 56 25,636 Units Painted Pony Energy Ltd. Rights Deferred Share Voneiff, George William 4 30/06/2017 56 25,636 Units Painted Pony Energy Ltd. Rights Deferred Share Voneiff, George William 4 30/06/2017 56 25,636 Units Painted Pony Energy Ltd. Rights Deferred Share Voneiff, George William 4 30/06/2017 56 25,636 3,148 Units Pancontinental Gold Common Shares Whalen, Donald Alexander 4 13/11/2017 10 0.035 3,877,000 10,000 Corporation (formerly, Pancontinental Uranium Corporation) Pancontinental Gold Common Shares Whalen, Donald Alexander 4 14/11/2017 10 0.03 3,908,000 31,000 Corporation (formerly, Pancontinental Uranium Corporation) Pancontinental Gold Common Shares Whalen, Donald Alexander 4 14/11/2017 10 0.035 3,917,000 9,000 Corporation (formerly, Pancontinental Uranium Corporation)

November 23, 2017 (2017), 40 OSCB 9417

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Pancontinental Gold Common Shares Whalen, Donald Alexander 4 14/11/2017 10 0.035 3,927,000 10,000 Corporation (formerly, Pancontinental Uranium Corporation) Panoro Minerals Ltd. Common Shares Boden, William John 4 10/11/2017 10 0.39 12,089,620 4,000 Panoro Minerals Ltd. Common Shares Boden, William John 4 13/11/2017 10 0.377 12,094,620 5,000 Panoro Minerals Ltd. Common Shares Boden, William John 4 17/11/2017 10 0.395 12,099,620 5,000 Paramount Resources Ltd. Common Shares Class A Ockenden, Matthew G. 5 16/11/2017 51 18.23 8,000 8,000 Paramount Resources Ltd. Common Shares Class A Ockenden, Matthew G. 5 16/11/2017 10 22.062 0 -8,000 Paramount Resources Ltd. Options Ockenden, Matthew G. 5 16/11/2017 51 18.23 48,000 -8,000 Paramount Resources Ltd. Common Shares Class A Riddell, Clayton H. 3, 4, 5 16/11/2017 51 8.17 138,293 58,940 Paramount Resources Ltd. Common Shares Class A Riddell, Clayton H. 3, 4, 5 15/11/2017 10 22.79 64,500 25,000 Paramount Resources Ltd. Common Shares Class A Riddell, Clayton H. 3, 4, 5 15/11/2017 10 22.79 28,657,528 -25,000 Paramount Resources Ltd. Options Riddell, Clayton H. 3, 4, 5 16/11/2017 51 8.17 317,880 -58,940 Paramount Resources Ltd. Common Shares Class A Shier, E. Mitchell 5 15/11/2017 10 23 469 -10,000 ParcelPal Technology Inc. Common Shares Abbott, Kelly 5 13/08/2017 10 0.0677 -100,000 (formerly Plus8 Global Ventures, Ltd.) ParcelPal Technology Inc. Common Shares Abbott, Kelly 5 13/08/2017 10 0.055 -24,350 (formerly Plus8 Global Ventures, Ltd.) ParcelPal Technology Inc. Common Shares Abbott, Kelly 5 14/08/2017 10 0.055 -300,000 (formerly Plus8 Global Ventures, Ltd.) ParcelPal Technology Inc. Common Shares Abbott, Kelly 5 15/08/2017 10 0.0665 424,350 -155,000 (formerly Plus8 Global Ventures, Ltd.) ParcelPal Technology Inc. Common Shares Abbott, Kelly 5 09/09/2017 10 0.055 124,350 -300,000 (formerly Plus8 Global Ventures, Ltd.) ParcelPal Technology Inc. Common Shares Abbott, Kelly 5 13/09/2017 10 0.0677 24,350 -100,000 (formerly Plus8 Global Ventures, Ltd.) ParcelPal Technology Inc. Common Shares Abbott, Kelly 5 13/09/2017 10 0.055 0 -24,350 (formerly Plus8 Global Ventures, Ltd.) ParcelPal Technology Inc. Common Shares Abbott, Kelly 5 13/10/2017 10 0.05 656,000 656,000 (formerly Plus8 Global Ventures, Ltd.) ParcelPal Technology Inc. Warrants Abbott, Kelly 5 27/10/2017 53 0.075 328,000 328,000 (formerly Plus8 Global Ventures, Ltd.) ParcelPal Technology Inc. Common Shares Moreau, Jason Wayne 4 14/11/2017 10 0.1 1,897,222 -25,000 (formerly Plus8 Global Ventures, Ltd.) Parex Resources Inc. Common Shares DiStefano, Leo Nicholas 5 09/11/2017 10 17.93 127,500 -49,600 Parex Resources Inc. Common Shares DiStefano, Leo Nicholas 5 10/11/2017 10 17.95 100,000 -27,500 Parex Resources Inc. Common Shares Furlan, Eric 5 09/11/2017 51 158,977 10,000 Parex Resources Inc. Common Shares Furlan, Eric 5 09/11/2017 10 18.1 148,977 -10,000 Parex Resources Inc. Common Shares Furlan, Eric 5 10/11/2017 51 166,877 17,900 Parex Resources Inc. Common Shares Furlan, Eric 5 10/11/2017 10 18.01 163,977 -2,900 Parex Resources Inc. Common Shares Furlan, Eric 5 10/11/2017 10 17.826 158,977 -5,000 Parex Resources Inc. Common Shares Furlan, Eric 5 10/11/2017 10 17.99 148,977 -10,000 Parex Resources Inc. Common Shares Furlan, Eric 5 13/11/2017 51 153,977 5,000 Parex Resources Inc. Common Shares Furlan, Eric 5 13/11/2017 10 17.9 148,977 -5,000 Parex Resources Inc. Options Furlan, Eric 5 09/11/2017 51 6.07 324,250 -10,000 Parex Resources Inc. Options Furlan, Eric 5 10/11/2017 51 6.07 306,350 -17,900 Parex Resources Inc. Options Furlan, Eric 5 13/11/2017 51 6.07 301,350 -5,000 Parex Resources Inc. Common Shares Kruchten, Michael 5 10/11/2017 57 63,879 7,500

November 23, 2017 (2017), 40 OSCB 9418

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Parex Resources Inc. Common Shares Kruchten, Michael 5 10/11/2017 10 17.96 60,037 -3,842 Parex Resources Inc. Restricted Share Unit Kruchten, Michael 5 10/11/2017 57 0.01 80,534 -7,500 Parex Resources Inc. Common Shares Miller, Ronald Douglas 4 17/11/2017 10 17 1,203,100 3,100 Parex Resources Inc. Common Shares Miller, Ronald Douglas 4 17/11/2017 47 17 41,575 -3,100 Parex Resources Inc. Common Shares Pinsky, Kenneth George 5 13/11/2017 51 313,000 13,000 Parex Resources Inc. Common Shares Pinsky, Kenneth George 5 13/11/2017 10 17.76 300,000 -13,000 Parex Resources Inc. Options Pinsky, Kenneth George 5 13/11/2017 51 6.07 592,000 -13,000 Parex Resources Inc. Common Shares Wright, Paul David 4 09/11/2017 51 130,839 5,000 Parex Resources Inc. Common Shares Wright, Paul David 4 09/11/2017 10 17.96 125,839 -5,000 Parex Resources Inc. Common Shares Wright, Paul David 4 09/11/2017 57 3,300 Parex Resources Inc. Common Shares Wright, Paul David 4 10/11/2017 57 129,139 3,300 Parex Resources Inc. Common Shares Wright, Paul David 4 10/11/2017 10 18 125,839 -3,300 Parex Resources Inc. Common Shares Wright, Paul David 4 10/11/2017 57 135,839 10,000 Parex Resources Inc. Common Shares Wright, Paul David 4 10/11/2017 10 18.025 125,839 -10,000 Parex Resources Inc. Options Wright, Paul David 4 09/11/2017 51 6.07 15,000 -5,000 Parex Resources Inc. Restricted Share Unit Wright, Paul David 4 10/11/2017 57 0.01 -3,300 Parex Resources Inc. Restricted Share Unit Wright, Paul David 4 10/11/2017 57 0.01 10,000 -3,300 Parex Resources Inc. Restricted Share Unit Wright, Paul David 4 10/11/2017 57 0.01 0 -10,000 Parkland Fuel Corporation Common Shares Pantelidis, James 4 31/12/2016 30 25.35 6,710 310 Parkland Fuel Corporation Common Shares Pantelidis, James 4 31/12/2016 30 25.35 209,827 954 Pascal Biosciences Inc. Common Shares Pearson, Terry 4 14/11/2017 10 10,000 10,000 Pascal Biosciences Inc. Common Shares Pearson, Terry 4 15/11/2017 10 20,000 10,000 Pason Systems Inc. Common Shares Boston, Kevin 5 14/11/2017 10 14.26 8,000 500 Pason Systems Inc. Common Shares Smith, Russell 5 16/11/2017 10 14.11 11,790 500 Pembina Pipeline Options Andersen, Harold 5 14/11/2017 50 45.66 93,707 5,346 Corporation Pembina Pipeline Options Burrows, J. Scott 5 14/11/2017 50 45.66 133,964 7,796 Corporation Pembina Pipeline Options Charlesworth, Allan 5 14/11/2017 50 45.66 68,964 3,773 Corporation Pembina Pipeline Options Croney, Craig 5 14/11/2017 50 45.66 36,811 1,555 Corporation Pembina Pipeline Options D'Orazio, Claudia 5 14/11/2017 50 45.66 68,964 3,773 Corporation Pembina Pipeline Options Day, Craig 5 14/11/2017 50 45.66 36,811 1,555 Corporation Pembina Pipeline Options Dilger, Michael H. 5 14/11/2017 50 45.66 850,295 58,176 Corporation Pembina Pipeline Common Shares Findlay, Randall J. 4 14/11/2017 47 45.23 21,197 -2,250 Corporation Pembina Pipeline Options Goldade, Cameron 5 14/11/2017 50 45.66 26,281 1,555 Corporation Pembina Pipeline Options Hecker, Tracy Krista 5 14/11/2017 50 45.66 36,811 1,555 Corporation Pembina Pipeline Options Jones, Robert M. 5 14/11/2017 50 45.66 70,665 4,528 Corporation Pembina Pipeline Options Kohlsmith, Brad 5 14/11/2017 50 45.66 34,646 1,555 Corporation Pembina Pipeline Options Murphy, Paul John 5 14/11/2017 50 45.66 216,349 12,794 Corporation Pembina Pipeline Options Scherman, Chris 5 14/11/2017 50 45.66 39,971 1,555 Corporation Pembina Pipeline Options Smith, Brad 5 14/11/2017 50 45.66 50,890 2,935 Corporation Pembina Pipeline Options Sprott, Jaret 5 14/11/2017 50 45.66 54,147 4,151 Corporation

November 23, 2017 (2017), 40 OSCB 9419

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Pembina Pipeline Options Taylor, Stuart 5 14/11/2017 50 45.66 216,349 12,794 Corporation Pembina Pipeline Options Wiun, Jason Travis 5 14/11/2017 50 45.66 71,981 4,842 Corporation Perpetual Energy Inc. Common Shares Schweitzer, William Mark 5 16/11/2017 10 1.116 287,187 100,000 Petrocapita Income Trust Convertible Debentures Lemmens, Alexander T. 4, 7, 5 15/11/2017 11 1000 $180,000 $25,000 Petrocapita Income Trust Warrants Lemmens, Alexander T. 4, 7, 5 31/08/2017 37 0.06 77,500 -7,672,500 Petrocapita Income Trust Warrants Lemmens, Alexander T. 4, 7, 5 15/11/2017 11 90,000 12,500 Petrocapita Income Trust Convertible Debentures MARR, GREGORY 4, 7 15/11/2017 11 1000 $102,000 $17,000 Petrocapita Income Trust Warrants MARR, GREGORY 4, 7 31/08/2017 37 0.06 42,500 -4,207,500 Petrocapita Income Trust Warrants MARR, GREGORY 4, 7 15/11/2017 11 51,000 8,500 Petrocapita Income Trust Convertible Debentures Mellis, Richard Norman 4, 5 15/11/2017 11 1000 $124,000 $14,000 Petrocapita Income Trust Warrants Mellis, Richard Norman 4, 5 31/08/2017 37 0.06 55,000 -5,445,000 Petrocapita Income Trust Warrants Mellis, Richard Norman 4, 5 15/11/2017 11 62,000 7,000 Petrus Resources Ltd. Common Shares Arnell, Patrick 4 17/11/2017 51 1.98 198,870 3,170 Petrus Resources Ltd. Options New Options Arnell, Patrick 4 17/11/2017 51 23,740 -3,170 Petrus Resources Ltd. Warrants Predecessor Arnell, Patrick 4 19/12/2016 55 50,000 -93,000 Entity Performance Warrants Petrus Resources Ltd. Warrants Predecessor Arnell, Patrick 4 01/11/2017 55 0 -50,000 Entity Performance Warrants Petrus Resources Ltd. Common Shares Booth, Brett Daniel 5 17/11/2017 51 1.98 65,807 1,535 Petrus Resources Ltd. Options New Options Booth, Brett Daniel 5 17/11/2017 51 1.98 111,200 -13,000 Petrus Resources Ltd. Warrants Predecessor Booth, Brett Daniel 5 19/12/2016 55 0 -53,250 Entity Performance Warrants Petrus Resources Ltd. Common Shares CORMACK, Donald Gordon 4 17/11/2017 51 1.98 21,624 374 Petrus Resources Ltd. Options New Options CORMACK, Donald Gordon 4 17/11/2017 51 1.98 23,740 -3,170 Petrus Resources Ltd. Common Shares Gray, Don 4 17/11/2017 51 1.98 6,621,202 4,800 Petrus Resources Ltd. Options New Options Gray, Don 4 17/11/2017 51 1.98 34,800 -4,800 Petrus Resources Ltd. Warrants Predecessor Gray, Don 4 19/12/2016 55 50,000 -1,002,000 Entity Performance Warrants Petrus Resources Ltd. Warrants Predecessor Gray, Don 4 01/11/2017 55 0 -50,000 Entity Performance Warrants Petrus Resources Ltd. Common Shares Keilly, Ross Andrew 5 17/11/2017 51 1.98 17,874 1,039 Petrus Resources Ltd. Options New Options Keilly, Ross Andrew 5 17/11/2017 51 1.98 83,000 -8,800 Petrus Resources Ltd. Warrants Predecessor Keilly, Ross Andrew 5 19/12/2016 55 0 -100,000 Entity Performance Warrants Petrus Resources Ltd. Common Shares Korchinski, Neil 5 17/11/2017 51 1.98 109,967 7,392 Petrus Resources Ltd. Options New Options Korchinski, Neil 5 17/11/2017 51 1.98 450,700 -62,600 Petrus Resources Ltd. Warrants Predecessor Korchinski, Neil 5 19/12/2016 55 87,000 -990,000 Entity Performance Warrants Petrus Resources Ltd. Warrants Predecessor Korchinski, Neil 5 01/11/2017 55 77,000 -10,000 Entity Performance Warrants Petrus Resources Ltd. Warrants Predecessor Korchinski, Neil 5 01/11/2017 55 0 -77,000 Entity Performance Warrants Petrus Resources Ltd. Common Shares Schlegel, Marcus Nicholas 5 17/11/2017 51 1.98 51,407 1,689 Petrus Resources Ltd. Options New Options Schlegel, Marcus Nicholas 5 17/11/2017 51 1.98 118,600 -14,300 Petrus Resources Ltd. Common Shares Stephenson, Cheree 5 17/11/2017 51 1.98 183,722 24,654 Petrus Resources Ltd. Options New Options Stephenson, Cheree 5 17/11/2017 51 1.98 316,200 -44,100

November 23, 2017 (2017), 40 OSCB 9420

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Petrus Resources Ltd. Warrants Predecessor Stephenson, Cheree 5 19/12/2016 55 127,000 -519,000 Entity Performance Warrants Petrus Resources Ltd. Warrants Predecessor Stephenson, Cheree 5 01/11/2017 55 77,000 -50,000 Entity Performance Warrants Petrus Resources Ltd. Warrants Predecessor Stephenson, Cheree 5 01/11/2017 55 0 -77,000 Entity Performance Warrants Petrus Resources Ltd. Common Shares White, Stephen 4 17/11/2017 51 1.98 98,106 3,170 Petrus Resources Ltd. Options New Options White, Stephen 4 17/11/2017 51 1.98 23,740 -3,170 Peyto Exploration & Common Shares Chetner, Stephen Jonathan 4 16/11/2017 10 16.697 406,090 -35,000 Development Corp. Peyto Exploration & Common Shares Chetner, Stephen Jonathan 4 16/11/2017 10 16.648 84,048 6,500 Development Corp. Photon Control Inc. Common Shares Torok, Michael Patrick 4 03/11/2016 00 Photon Control Inc. Common Shares Torok, Michael Patrick 4 10/11/2017 57 43,000 43,000 Photon Control Inc. Rights RSU Torok, Michael Patrick 4 10/11/2017 57 86,000 -43,000 PHX Energy Services Corp. Common Shares Tetreault, Myron Arthur 4 14/11/2017 10 2.07 10,000 5,000 PHX Energy Services Corp. Common Shares Tetreault, Myron Arthur 4 14/11/2017 10 2.01 73,200 13,200 PHX Energy Services Corp. Common Shares Tetreault, Myron Arthur 4 15/11/2017 10 2.04 75,000 1,800 Pine Cliff Energy Ltd. Common Shares Lee, Chris 5 08/11/2017 00 125,400 Pine Cliff Energy Ltd. Options Lee, Chris 5 08/11/2017 00 848,000 Pine Cliff Energy Ltd. Options Lee, Chris 5 17/11/2017 52 936,000 88,000 Pioneering Technology Corp. Common Shares Dueck, David Lee 4 10/11/2017 10 0.8 1,800,000 -200,000 PJX Resources Inc. Common Shares Crossett, Paul Everett 3 14/11/2017 10 0.12 1,950,000 20,000 Plateau Uranium Inc. Common Shares Disbrow, Robert 3 17/11/2017 10 0.455 4,361,888 -216,500 Plateau Uranium Inc. Common Shares Disbrow, Robert 3 17/11/2017 10 0.4542 4,166,667 -113,500 Plateau Uranium Inc. Common Shares Ferry, Alan Louis Henry 4 17/11/2017 10 0.45 0 -30,125 Platinex Inc. Common Shares BURDEN, LORNE 4 15/11/2017 16 0.05 115,000 80,000 DONALD Platinex Inc. Warrants 2017A Warrants BURDEN, LORNE 4 28/05/2010 00 80,000 DONALD Platinex Inc. Common Shares SCARROW, Mark 4 15/11/2017 11 0.05 1,185,000 1,000,000 Platinex Inc. Warrants 2017A Warrants SCARROW, Mark 4 11/05/2017 00 1,000,000 Platinex Inc. Common Shares TRUSLER, JAMES 3, 4, 5 15/11/2017 11 0.05 6,966,293 3,045,000 RICHARD Platinex Inc. Warrants 2017A Warrants TRUSLER, JAMES 3, 4, 5 12/08/1998 00 3,045,000 RICHARD Plaza Retail REIT RSUs Cipollone, Floriana 5 15/11/2017 30 4.34 9,718 29 Plaza Retail REIT RSUs Cipollone, Floriana 5 15/11/2017 57 4.34 9,689 -29 Plaza Retail REIT RSUs Cipollone, Floriana 5 15/11/2017 30 4.34 9,703 14 Plaza Retail REIT RSUs Cipollone, Floriana 5 15/11/2017 59 4.34 9,689 -14 Plaza Retail REIT Trust Units Cipollone, Floriana 5 15/11/2017 57 4.34 42,822 29 Plaza Retail REIT Trust Units Mackenzie, Peter 5 15/11/2017 30 4.34 71,327 26 Plaza Retail REIT RSUs Penney, Stephen 5 15/11/2017 30 4.34 4,018 18 Plaza Retail REIT RSUs Penney, Stephen 5 15/11/2017 57 4.34 4,000 -18 Plaza Retail REIT Trust Units Penney, Stephen 5 15/11/2017 57 4.34 14,480 18 Plaza Retail REIT RSUs Petrie, James M. 5 15/11/2017 30 4.34 9,703 14 Plaza Retail REIT RSUs Petrie, James M. 5 15/11/2017 57 4.34 9,689 -14 Plaza Retail REIT RSUs Petrie, James M. 5 15/11/2017 30 4.34 9,718 29 Plaza Retail REIT RSUs Petrie, James M. 5 15/11/2017 59 4.34 9,689 -29 Plaza Retail REIT Trust Units Petrie, James M. 5 15/11/2017 57 4.34 31,908 14 Plaza Retail REIT RSUs Strange, Kimberly A. 5 15/11/2017 30 4.34 1,004 4 Plaza Retail REIT RSUs Strange, Kimberly A. 5 15/11/2017 57 4.34 1,000 -4 Plaza Retail REIT Trust Units Strange, Kimberly A. 5 15/11/2017 57 4.34 1,854 4

November 23, 2017 (2017), 40 OSCB 9421

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Power Americas Minerals Common Shares Place, James Howard 4 17/11/2017 10 0.17 0 -10,000 Corp. Prairie Provident Resources Common Shares Flynn, Terence 4 14/11/2017 10 0.44 36,271 5,000 Inc. Pretium Resources Inc. Common Shares Prins, David William 5 10/11/2017 00 27,352 Pretium Resources Inc. Common Shares Prins, David William 5 10/11/2017 00 14,842 Pretium Resources Inc. Options Prins, David William 5 10/11/2017 00 430,000 PrimeWest Mortgage Common Shares Class A Kaminsky, Marlene 5 14/11/2017 10 2 1,500 1,000 Investment Corporation ProSmart Enterprises Inc. Common Shares MUTTER, JAMES 4 14/06/2017 00 253,812 (formerly, Sora Capital Corp.) Pulse Seismic Inc. Common Shares Pulse Seismic Inc. 1 17/11/2017 38 3.19 200,000 200,000 Puma Exploration Inc. Common Shares Robillard, Marcel 4, 5 10/11/2017 10 0.095 3,040,965 3,000 PYROGENESIS CANADA Common Shares Curleigh, Alan Robert 4, 5 13/11/2017 51 0.21 140,500 110,000 INC. PYROGENESIS CANADA Options Curleigh, Alan Robert 4, 5 13/11/2017 51 0.21 660,000 -110,000 INC. Quantum Cobalt Corp Common Shares Torres, Von 4 14/07/2016 00 (Formerly Bravura Ventures Corp.) Quantum Cobalt Corp Common Shares Torres, Von 4 16/11/2017 10 0.74 8,400 (Formerly Bravura Ventures Corp.) Quantum Cobalt Corp Common Shares Torres, Von 4 16/11/2017 10 1.74 8,400 8,400 (Formerly Bravura Ventures Corp.) Quantum Cobalt Corp Common Shares Torres, Von 4 16/11/2017 10 0.76 1,600 (Formerly Bravura Ventures Corp.) Quantum Cobalt Corp Common Shares Torres, Von 4 16/11/2017 10 1.76 10,000 1,600 (Formerly Bravura Ventures Corp.) Quantum International Options Bouskill, Ryan Charles 5 11/11/2016 00 Income Corp. Quantum International Options Bouskill, Ryan Charles 5 14/11/2017 50 158,884 158,884 Income Corp. Quantum International Common Shares Sekhri, Manu 4, 5 13/11/2017 51 0.3525 10,529,806 1,619,225 Income Corp. Quantum International Options Sekhri, Manu 4, 5 13/11/2017 51 1,038,958 -1,619,225 Income Corp. Quantum International Options Sekhri, Manu 4, 5 14/11/2017 50 3,516,053 2,477,095 Income Corp. Quinsam Capital Corporation Common Shares Knebel, Bryan John 5 15/11/2017 10 0.45 300,000 -50,000 Quinsam Capital Corporation Common Shares Newman, G. Michael 4 16/11/2017 10 0.504 451,000 -123,500 Quinsam Capital Corporation Common Shares Roodenburg, Anthony Ralph 4 13/11/2017 10 0.41 500,000 -400,000 REIT INDEXPLUS Income Trust Units REIT INDEXPLUS Income 1 10/11/2017 10 12.55 9,663,679 -2,500 Fund Fund REIT INDEXPLUS Income Trust Units REIT INDEXPLUS Income 1 15/11/2017 10 12.65 9,652,479 -11,200 Fund Fund Reservoir Capital Corp. Common Shares Thompson, Miles Frederick 4, 5 14/11/2017 36 0.05 5,845,208 4,400,000 Reservoir Capital Corp. Common Shares Winn, Michael D. 4, 5 10/11/2017 46 0.05 1,645,833 1,350,000 Reservoir Capital Corp. Common Shares Winn, Michael D. 4, 5 10/11/2017 36 0.05 2,665,833 1,020,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 27/09/2017 10 0.1203 1,257,000 7,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 28/09/2017 10 0.1126 1,262,500 5,500 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 02/10/2017 10 0.116 1,277,500 15,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 03/10/2017 10 0.1161 1,282,500 5,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 05/10/2017 10 0.1153 1,287,500 5,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 06/10/2017 10 0.106 1,307,500 20,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 10/10/2017 10 0.1275 1,313,500 6,000

November 23, 2017 (2017), 40 OSCB 9422

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 20/10/2017 10 0.125 1,323,500 10,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 23/10/2017 10 0.095 1,353,500 30,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 24/10/2017 10 0.13 1,363,500 10,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 27/10/2017 10 0.115 1,383,500 20,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 30/10/2017 10 0.0898 1,393,500 10,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 31/10/2017 10 0.11 1,398,500 5,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 01/11/2017 10 0.0837 1,408,500 10,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 02/11/2017 10 0.0861 1,413,500 5,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 06/11/2017 10 0.0866 1,428,500 15,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 07/11/2017 10 0.0862 1,430,500 2,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 09/11/2017 10 0.0831 1,450,500 20,000 Resource Capital Gold Corp. Common Shares Young, George S. 4, 5 10/11/2017 10 0.0869 1,460,500 10,000 Restaurant Brands Common Shares 3G Restaurant Brands 3 07/12/2015 00 International Inc. Holdings General Partner Ltd. Restaurant Brands Common Shares 3G Restaurant Brands 3 08/11/2017 36 4,050,594 4,050,594 International Inc. Holdings General Partner Ltd. Restaurant Brands Common Shares 3G Restaurant Brands 3 08/11/2017 11 64.7 0 -4,050,594 International Inc. Holdings General Partner Ltd. Restaurant Brands Exchangeable Units of 3G Restaurant Brands 3 15/11/2017 11 201,096,563 -8,019,345 International Inc. Restaurant Brands Holdings General Partner International LP Ltd. Restaurant Brands Exchangeable Units of 3G Restaurant Brands 3 08/11/2017 36 0 -4,050,594 International Inc. Restaurant Brands Holdings General Partner International LP Ltd. Restaurant Brands Exchangeable Units of 3G Restaurant Brands 3 08/11/2017 38 0 -5,000,000 International Inc. Restaurant Brands Holdings General Partner International LP Ltd. Restaurant Brands Common Shares Cil, José E. 5 08/11/2017 51 350,613 9,092 International Inc. Restaurant Brands Common Shares Cil, José E. 5 08/11/2017 10 66 346,513 -4,100 International Inc. Restaurant Brands Common Shares Cil, José E. 5 13/11/2017 51 431,769 85,256 International Inc. Restaurant Brands Common Shares Cil, José E. 5 13/11/2017 10 65 393,289 -38,480 International Inc. Restaurant Brands Common Shares Cil, José E. 5 14/11/2017 51 397,349 4,060 International Inc. Restaurant Brands Common Shares Cil, José E. 5 14/11/2017 51 473,366 76,017 International Inc. Restaurant Brands Common Shares Cil, José E. 5 14/11/2017 10 65.09 436,935 -36,431 International Inc. Restaurant Brands Common Shares Cil, José E. 5 16/11/2017 51 44,923 International Inc. Restaurant Brands Common Shares Cil, José E. 5 16/11/2017 51 574,724 137,789 International Inc. Restaurant Brands Common Shares Cil, José E. 5 16/11/2017 10 65 -20,449 International Inc. Restaurant Brands Common Shares Cil, José E. 5 16/11/2017 10 65.02 512,004 -62,720 International Inc. Restaurant Brands Options Cil, José E. 5 08/11/2017 51 3.54 1,057,195 -9,092 International Inc. Restaurant Brands Options Cil, José E. 5 13/11/2017 51 3.54 971,939 -85,256 International Inc. Restaurant Brands Options Cil, José E. 5 14/11/2017 51 3.54 967,879 -4,060 International Inc. Restaurant Brands Options Cil, José E. 5 14/11/2017 51 3.97 891,862 -76,017 International Inc.

November 23, 2017 (2017), 40 OSCB 9423

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Restaurant Brands Options Cil, José E. 5 16/11/2017 51 3.97 -44,923 International Inc. Restaurant Brands Options Cil, José E. 5 16/11/2017 51 3.97 754,073 -137,789 International Inc. Restaurant Brands Common Shares Fribourg, Paul J 4 12/12/2014 00 International Inc. Restaurant Brands Common Shares Fribourg, Paul J 4 08/11/2017 10 65.1 384,024 384,024 International Inc. Restaurant Brands Exchangeable Units of Sicupira, Carlos Alberto 4, 6 12/12/2014 00 International Inc. Restaurant Brands International LP Restaurant Brands Exchangeable Units of Sicupira, Carlos Alberto 4, 6 15/11/2017 11 1,500,000 1,500,000 International Inc. Restaurant Brands International LP Restaurant Brands Exchangeable Units of Sicupira, Cecilia 4 15/07/2016 00 International Inc. Restaurant Brands International LP Restaurant Brands Exchangeable Units of Sicupira, Cecilia 4 15/11/2017 11 10,450 10,450 International Inc. Restaurant Brands International LP Restaurant Brands Exchangeable Units of Van Damme, Alexandre 4 12/12/2014 00 International Inc. Restaurant Brands International LP Restaurant Brands Exchangeable Units of Van Damme, Alexandre 4 15/11/2017 11 2,858,895 2,858,895 International Inc. Restaurant Brands International LP Restaurant Brands Units Class B 3G Restaurant Brands 3 15/11/2017 11 201,096,563 -8,019,345 International Limited Exchangeable Limited Holdings General Partner Partnership Partnership Ltd. Restaurant Brands Units Class B 3G Restaurant Brands 3 08/11/2017 36 0 -4,050,594 International Limited Exchangeable Limited Holdings General Partner Partnership Partnership Ltd. Restaurant Brands Units Class B 3G Restaurant Brands 3 08/11/2017 38 0 -5,000,000 International Limited Exchangeable Limited Holdings General Partner Partnership Partnership Ltd. RHC Capital Corporation Common Shares Orlando, Nicola Giuseppe 4 14/11/2017 10 0.17 701,000 100,000 Ridgewood Canadian Units Ridgewood Capital Asset 3 10/11/2017 10 15.017 7,035,676 -1,517 Investment Grade Bond Management Fund Ridgewood Canadian Units Ridgewood Capital Asset 3 10/11/2017 10 15 7,035,645 -31 Investment Grade Bond Management Fund Ridgewood Canadian Units Ridgewood Capital Asset 3 14/11/2017 10 14.99 7,038,945 3,300 Investment Grade Bond Management Fund Ridgewood Canadian Units Ridgewood Capital Asset 3 14/11/2017 10 14.993 7,038,412 -533 Investment Grade Bond Management Fund Ridgewood Canadian Units Ridgewood Capital Asset 3 15/11/2017 10 14.99 7,039,112 700 Investment Grade Bond Management Fund Ridgewood Canadian Units Ridgewood Capital Asset 3 15/11/2017 10 14.99 7,038,383 -729 Investment Grade Bond Management Fund Ridgewood Canadian Units Ridgewood Capital Asset 3 16/11/2017 10 14.99 7,039,683 1,300 Investment Grade Bond Management Fund RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.47 755,834 1,000 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.48 756,234 400 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.485 756,334 100 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.49 762,534 6,200 INVESTMENT TRUST Investment Trust

November 23, 2017 (2017), 40 OSCB 9424

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.495 762,934 400 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.5 1,531,334 768,400 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.505 1,532,534 1,200 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.51 1,533,934 1,400 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.515 1,535,234 1,300 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.52 1,539,234 4,000 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.53 1,545,534 6,300 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.54 1,546,434 900 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.545 1,547,334 900 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.55 1,549,634 2,300 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.555 1,550,534 900 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.56 1,551,534 1,000 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.565 1,552,934 1,400 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.57 1,553,834 900 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.58 1,554,434 600 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.59 1,556,434 2,000 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.6 1,557,734 1,300 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.62 1,559,034 1,300 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.63 1,562,151 3,117 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.64 1,563,151 1,000 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.66 1,564,351 1,200 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.67 1,564,751 400 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.68 1,565,751 1,000 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.69 1,567,251 1,500 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.695 1,568,051 800 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.7 1,570,151 2,100 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.71 1,571,151 1,000 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.72 1,573,751 2,600 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.73 1,581,951 8,200 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.74 1,592,451 10,500 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.745 1,592,951 500 INVESTMENT TRUST Investment Trust

November 23, 2017 (2017), 40 OSCB 9425

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 13/11/2017 38 25.75 1,594,951 2,000 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 14/11/2017 38 967,734 -627,217 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 14/11/2017 38 25.46 967,834 100 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 14/11/2017 38 25.47 973,334 5,500 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 14/11/2017 38 25.48 1,002,834 29,500 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 14/11/2017 38 25.485 1,004,034 1,200 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 14/11/2017 38 25.49 1,033,251 29,217 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 14/11/2017 38 25.495 1,035,551 2,300 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 14/11/2017 38 25.5 1,090,051 54,500 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 14/11/2017 38 25.505 1,090,651 600 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 14/11/2017 38 25.51 1,095,351 4,700 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 15/11/2017 38 127,617 -967,734 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 15/11/2017 38 25.4 129,417 1,800 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 15/11/2017 38 25.41 132,017 2,600 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 15/11/2017 38 25.42 134,934 2,917 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 15/11/2017 38 25.43 142,434 7,500 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 15/11/2017 38 25.44 149,034 6,600 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 15/11/2017 38 25.45 185,434 36,400 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 15/11/2017 38 25.46 203,534 18,100 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 15/11/2017 38 25.47 215,434 11,900 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 15/11/2017 38 25.48 227,134 11,700 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 15/11/2017 38 25.49 245,234 18,100 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 15/11/2017 38 25.495 245,534 300 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 15/11/2017 38 25.5 255,234 9,700 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 127,617 -127,617 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.43 128,317 700 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.44 128,917 600 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.45 130,634 1,717 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.46 135,934 5,300 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.465 136,034 100 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.47 138,534 2,500 INVESTMENT TRUST Investment Trust

November 23, 2017 (2017), 40 OSCB 9426

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.475 138,734 200 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.48 144,634 5,900 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.49 148,034 3,400 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.5 152,434 4,400 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.51 156,934 4,500 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.515 157,934 1,000 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.52 164,934 7,000 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.53 174,934 10,000 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.535 175,034 100 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.54 191,334 16,300 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.545 191,434 100 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.55 211,134 19,700 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.56 231,934 20,800 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.57 248,134 16,200 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.58 252,934 4,800 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.59 254,134 1,200 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 16/11/2017 38 25.6 255,234 1,100 INVESTMENT TRUST Investment Trust RIOCAN REAL ESTATE Trust Units RioCan Real Estate 1 17/11/2017 38 127,617 -127,617 INVESTMENT TRUST Investment Trust Ritchie Bros. Auctioneers Rights Deferred Share Briscoe, Beverley Anne 4 14/11/2017 56 27.32 26,043 1,428 Incorporated Units Ritchie Bros. Auctioneers Rights Deferred Share Elton, Robert George 4 14/11/2017 56 27.32 13,346 631 Incorporated Units Ritchie Bros. Auctioneers Rights Deferred Share Fennell, Jonathan Kim 4 01/07/2017 00 Incorporated Units Ritchie Bros. Auctioneers Rights Deferred Share Fennell, Jonathan Kim 4 14/11/2017 56 27.32 631 631 Incorporated Units Ritchie Bros. Auctioneers Rights Deferred Share Olsson, Erik 4 14/11/2017 56 27.32 10,423 631 Incorporated Units Ritchie Bros. Auctioneers Rights Deferred Share Pitoniak, Edward Baltazar 4 14/11/2017 56 27.32 14,254 631 Incorporated Units Ritchie Bros. Auctioneers Rights Deferred Share Raiss, Sarah 4 14/11/2017 56 27.32 2,804 631 Incorporated Units Ritchie Bros. Auctioneers Rights Deferred Share Shenkan, Amy Guggenheim 4 01/07/2017 00 Incorporated Units Ritchie Bros. Auctioneers Rights Deferred Share Shenkan, Amy Guggenheim 4 14/11/2017 56 27.32 631 631 Incorporated Units Ritchie Bros. Auctioneers Rights Deferred Share Zimmerman, Christopher 4 14/11/2017 56 27.32 14,254 631 Incorporated Units Rocky Mountain Dealerships Common Shares Palmer, Jerald 5 15/11/2017 51 11.52 15,000 15,000 Inc. Rocky Mountain Dealerships Common Shares Palmer, Jerald 5 15/11/2017 10 12.376 0 -15,000 Inc. Rocky Mountain Dealerships Options Palmer, Jerald 5 15/11/2017 51 11.52 15,000 -15,000 Inc.

November 23, 2017 (2017), 40 OSCB 9427

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Rogers Communications Inc. Non-Voting Shares Class Williams, Jamie John 5 13/11/2017 30 61.25 1,340 574 B Rogers Communications Inc. Non-Voting Shares Class Williams, Jamie John 5 13/11/2017 30 144 -1,196 B Route1 Inc. Common Shares Busseri, Tony P 4 15/11/2017 10 0.025 4,796,334 125,000 Russel Metals Inc. Common Shares O'Reilly, William Michael 5 15/11/2017 10 27.7 600 200 SAGE GOLD INC. Options Farrant, Michael Hugh 5 10/11/2017 50 0.25 500,000 500,000 Sandy Lake Gold Inc. Common Shares McCarthy, Michele, Daphne 4 17/11/2017 16 0.05 604,285 100,000 Sandy Lake Gold Inc. Warrants McCarthy, Michele, Daphne 4 17/11/2017 16 0.1 600,000 100,000 Sandy Lake Gold Inc. Common Shares Noone, Daniel Joseph 4, 5 17/11/2017 16 0.05 1,400,000 400,000 Sandy Lake Gold Inc. Warrants Noone, Daniel Joseph 4, 5 17/11/2017 16 0.1 1,400,000 400,000 Sandy Lake Gold Inc. Special Warrants Sheridan, Patrick John 3 17/11/2017 16 0.05 12,500,000 5,000,000 Saputo Inc. Common Shares Corney, Paul 7, 5 13/11/2017 51 21.48 12,914 1,250 Saputo Inc. Common Shares Corney, Paul 7, 5 13/11/2017 51 25.55 13,786 872 Saputo Inc. Common Shares Corney, Paul 7, 5 13/11/2017 51 35.08 14,188 402 Saputo Inc. Common Shares Corney, Paul 7, 5 13/11/2017 10 44.03 13,964 -224 Saputo Inc. Common Shares Corney, Paul 7, 5 13/11/2017 10 44.02 13,664 -300 Saputo Inc. Common Shares Corney, Paul 7, 5 13/11/2017 10 44 11,664 -2,000 Saputo Inc. Options Corney, Paul 7, 5 13/11/2017 51 21.48 274,151 -1,250 Saputo Inc. Options Corney, Paul 7, 5 13/11/2017 51 25.55 273,279 -872 Saputo Inc. Options Corney, Paul 7, 5 13/11/2017 51 35.08 272,877 -402 Savaria Corporation Common Shares Tremblay, Alain 4 17/11/2017 51 5.5 75,000 25,000 Savaria Corporation Options Tremblay, Alain 4 17/11/2017 51 5.5 50,000 -25,000 Savary Gold Corp. Common Shares Dudek, Don 4, 5 10/11/2017 10 0.05 2,294,000 200,000 Secure Energy Services Inc. Common Shares Amirault, Rene 3, 4, 5 15/11/2017 47 1,229,397 -3,750 SEMAFO INC. Common Shares Zongo, Tertius 4 10/11/2017 51 3.15 57,964 57,964 SEMAFO INC. Common Shares Zongo, Tertius 4 10/11/2017 10 3.36 0 -57,964 SEMAFO INC. Options Zongo, Tertius 4 10/11/2017 51 3.15 22,232 -57,964 Seven Generations Energy Common Shares Class A Feltin, Christopher Wade 5 17/11/2017 10 16.99 17,500 7,500 Ltd. Seven Generations Energy Common Shares Class A Hand, Paul Warren 4 17/11/2017 10 16.714 75,000 25,000 Ltd. Seven Generations Energy Common Shares Class A Johnsen, Jordan 5 17/11/2017 54 3.75 10,300 10,000 Ltd. Seven Generations Energy Common Shares Class A Johnsen, Jordan 5 17/11/2017 10 16.7 300 -10,000 Ltd. Seven Generations Energy Warrants Performance Johnsen, Jordan 5 17/11/2017 54 3.75 734,568 -10,000 Ltd. Seven Generations Energy Common Shares Class A Law, Christopher Tudor 5 17/11/2017 10 16.717 38,216 5,000 Ltd. Seven Generations Energy Common Shares Class A Newmarch, Brian John 5 17/11/2017 10 16.9 4,600 1,000 Ltd. Seven Generations Energy Common Shares Class A Proctor, Marty Leigh 4, 5 17/11/2017 10 16.59 143,074 10,000 Ltd. SHAW COMMUNICATIONS Non-Voting Shares Class Davis, Janice 5 16/11/2017 00 2,162 INC. "B" SHAW COMMUNICATIONS Options Davis, Janice 5 16/11/2017 00 130,000 INC. ShawCor Ltd. Common Shares Biasco, Giuseppe 5 10/11/2017 00 ShawCor Ltd. Employee Share Unit Biasco, Giuseppe 5 10/11/2017 00 ShawCor Ltd. Common Shares ewert, darrell 5 14/10/2008 00 ShawCor Ltd. Common Shares ewert, darrell 5 16/11/2017 10 25.42 240 240 ShawCor Ltd. Common Shares ewert, darrell 5 14/10/2008 00 ShawCor Ltd. Common Shares ewert, darrell 5 16/11/2017 10 25.43 200 200 ShawCor Ltd. Common Shares ewert, darrell 5 16/11/2017 10 25.44 295 95

November 23, 2017 (2017), 40 OSCB 9428

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Shopify Inc. Multiple Voting Shares Jones, Russell Norman 5 09/11/2017 36 0 -10,000 Class B Multiple Voting Shares Shopify Inc. Subordinate Voting Jones, Russell Norman 5 09/11/2017 36 10,000 10,000 Shares Class A Subordinate Voting Shares Shopify Inc. Subordinate Voting Jones, Russell Norman 5 15/11/2017 47 98.916 0 -10,000 Shares Class A Subordinate Voting Shares Shopify Inc. RSU Lennie, David William 5 13/11/2017 57 28,643 -1,270 Shopify Inc. Subordinate Voting Lennie, David William 5 13/11/2017 57 7,966 1,270 Shares Class A Subordinate Voting Shares Shopify Inc. Subordinate Voting Lennie, David William 5 13/11/2017 10 98.715 7,265 -701 Shares Class A Subordinate Voting Shares Shopify Inc. Subordinate Voting Lutke, Tobias Albin 4, 5 10/11/2017 30 100.79 63,000 -4,500 Shares Class A Subordinate Voting Shares Shopify Inc. Subordinate Voting Lutke, Tobias Albin 4, 5 13/11/2017 30 98.495 58,500 -4,500 Shares Class A Subordinate Voting Shares Shopify Inc. Multiple Voting Shares Miller, Craig Stuart 5 13/11/2017 51 0.152 8,000 8,000 Class B Multiple Voting Shares Shopify Inc. Options Miller, Craig Stuart 5 13/11/2017 51 0.152 490,496 -8,000 Sierra Metals Inc. (formerly Common Shares Gonzales, Igor 4, 5 13/11/2017 46 193,998 54,433 Dia Bras Exploration Inc.) Sierra Wireless, Inc. Common Shares Cohenour, Jason W. 4, 5 17/11/2017 10 19.03 319,879 -5,649 Silvermet Inc. Common Shares Atacan, Ian D 5 14/11/2017 10 0.1 380,000 9,000 Sirona Biochem Corp. Common Shares Hopton, Christopher 4 15/11/2017 51 0.1 758,525 50,000 Sirona Biochem Corp. Options Hopton, Christopher 4 15/11/2017 51 0.1 2,650,000 -50,000 Sleep Country Canada Common Shares Magee, Christine 4 10/11/2017 10 32.1 443,198 -28,900 Holdings Inc. SNC-Lavalin Group Inc. Restricted Share Edwards, Ian L. 5 14/11/2017 59 57.44 36,759 -3,333 Units/Unités d'actions incessibles SNC-Lavalin Group Inc. Common Shares Warmbold, Benita Marie 4 04/05/2017 00 SNC-Lavalin Group Inc. Common Shares Warmbold, Benita Marie 4 14/11/2017 10 56.79 3,000 3,000 Société d'exploration minière Common Shares Fedosiewich, Mark Brian 5 14/11/2017 10 0.115 737,000 35,000 Vior Inc. SOLITARIO ZINC CORP. Common Shares Atzmon, Gil 4 10/11/2017 10 0.5735 2,670,379 9,168 SOLITARIO ZINC CORP. Common Shares Herald, Christopher 4 10/11/2017 10 0.565 1,533,552 1,552 SOLITARIO ZINC CORP. Common Shares Herald, Christopher 4 13/11/2017 10 0.58 1,535,000 1,448 SOLITARIO ZINC CORP. Common Shares Herald, Christopher 4 14/11/2017 10 0.565 1,536,945 1,945 SOLITARIO ZINC CORP. Common Shares Herald, Christopher 4 15/11/2017 10 0.564 1,538,000 1,055 SOLITARIO ZINC CORP. Common Shares Herald, Christopher 4 15/11/2017 10 0.552 1,539,000 1,000 SOLITARIO ZINC CORP. Common Shares Herald, Christopher 4 17/11/2017 10 0.58 1,540,000 1,000 Source Energy Services Ltd. Common Shares McMahon, James 4 17/11/2017 10 9.5362 637,767 -15,636 Source Energy Services Ltd. Common Shares McMahon, James 4 17/11/2017 10 9.5452 0 -16,264 Southern Arc Minerals Inc. Common Shares Southern Arc Minerals Inc. 1 15/11/2017 38 0.67 7,000 7,000 Spectra7 Microsystems Inc. Options Ma, Darren 5 06/11/2017 00 Spectra7 Microsystems Inc. Options Ma, Darren 5 06/11/2017 50 815,000 815,000 Spectra7 Microsystems Inc. Restricted Share Units Ma, Darren 5 06/11/2017 00 Spectra7 Microsystems Inc. Restricted Share Units Ma, Darren 5 06/11/2017 56 815,000 815,000

November 23, 2017 (2017), 40 OSCB 9429

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Sphere 3D Corp. Common Shares Kalbfleisch, Kurt 5 01/11/2017 57 12,091 1,600 Sphere 3D Corp. Common Shares Kalbfleisch, Kurt 5 02/11/2017 10 2.48 11,471 -620 Sphere 3D Corp. Common Shares Kalbfleisch, Kurt 5 03/11/2017 10 2.7 10,491 -980 Sphere 3D Corp. Restricted Stock Unit Kalbfleisch, Kurt 5 01/11/2017 57 33,600 -1,600 Spin Master Corp. Subordinate Voting Cassaday, John 4 14/11/2017 47 18,160 -4,040 Shares Spot Coffee (Canada) Ltd. Common Shares AYOUB, ANTON MICHEL 4, 5 13/11/2017 10 0.185 1,723,958 2,500 Spot Coffee (Canada) Ltd. Common Shares AYOUB, ANTON MICHEL 4, 5 15/11/2017 10 0.18 1,725,458 1,500 Spot Coffee (Canada) Ltd. Common Shares Lorenzo, John Michael 4 13/11/2017 10 0.189 6,615,857 7,500 Spot Coffee (Canada) Ltd. Common Shares Lorenzo, John Michael 4 15/11/2017 10 0.18 6,647,857 32,000 Spot Coffee (Canada) Ltd. Common Shares Lorenzo, John Michael 4 16/11/2017 10 0.181 6,672,857 25,000 Sprott Resource Holdings EPSP Designation Boggio, Lenard 4 14/11/2017 56 0.14 1,140,112 357,142 Inc. (formerly Adriana Resources Inc. ) Sprott Resource Holdings EPSP Designation Dunne, Joan 4 14/11/2017 56 0.14 1,140,112 357,142 Inc. (formerly Adriana Resources Inc. ) Sprott Resource Holdings EPSP Designation Hochstein, Ronald F. 4 09/02/2017 00 782,970 Inc. (formerly Adriana Resources Inc. ) Sprott Resource Holdings EPSP Designation Hochstein, Ronald F. 4 09/02/2017 00 Inc. (formerly Adriana Resources Inc. ) Sprott Resource Holdings EPSP Designation Hochstein, Ronald F. 4 09/02/2017 00 Inc. (formerly Adriana Resources Inc. ) Sprott Resource Holdings EPSP Designation Hochstein, Ronald F. 4 14/11/2017 56 0.14 357,142 Inc. (formerly Adriana Resources Inc. ) Sprott Resource Holdings EPSP Designation Hochstein, Ronald F. 4 14/11/2017 56 0.14 357,142 Inc. (formerly Adriana Resources Inc. ) Sprott Resource Holdings EPSP Designation Hochstein, Ronald F. 4 14/11/2017 56 0.14 1,140,112 357,142 Inc. (formerly Adriana Resources Inc. ) Sprott Resource Holdings Rights EPSP Designation Hochstein, Ronald F. 4 09/02/2017 00 Inc. (formerly Adriana Resources Inc. ) Sprott Resource Holdings EPSP Designation Lyons, Terrence 4 14/11/2017 56 0.14 758,929 357,142 Inc. (formerly Adriana Resources Inc. ) Sprott Resource Holdings EPSP Designation Yuzpe, Stephen Mark 4, 5 15/11/2017 56 0.14 2,478,031 28,692 Inc. (formerly Adriana Resources Inc. ) SSR Mining Inc. (Silver Common Shares Anglin, Mike Arthur E. 4 15/11/2017 10 8.65 35,000 14,000 Standard Resources Inc.) Standard Graphite Options Tong, Stephen 4 23/02/2016 00 100,000 Corporation Stelco Holdings Inc. Common Shares Bedrock Industries B.V. 3 02/11/2017 00 10 Stelco Holdings Inc. Common Shares Bedrock Industries B.V. 3 10/11/2017 45 17 75,283,887 75,283,877 Stelco Holdings Inc. Common Shares Bowie, Peter Guy 4 02/11/2017 00 Stelco Holdings Inc. Common Shares Bowie, Peter Guy 4 02/11/2017 00 Stelco Holdings Inc. Common Shares Bowie, Peter Guy 4 02/11/2017 00 Stelco Holdings Inc. Common Shares Bowie, Peter Guy 4 03/11/2017 00 Stelco Holdings Inc. Common Shares Bowie, Peter Guy 4 10/11/2017 15 17 11,764 11,764 Stelco Holdings Inc. Common Shares Goldberg, Alan Edwared 3, 6 02/11/2017 00 10 Stelco Holdings Inc. Common Shares Goldberg, Alan Edwared 3, 6 10/11/2017 45 17 75,283,877 Stelco Holdings Inc. Common Shares Goldberg, Alan Edwared 3, 6 10/11/2017 45 17 75,283,877 Stelco Holdings Inc. Common Shares Goldberg, Alan Edwared 3, 6 10/11/2017 45 17 75,283,887 75,283,877 Stelco Holdings Inc. Common Shares Levitt, Brian 4 02/11/2017 00

November 23, 2017 (2017), 40 OSCB 9430

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Stelco Holdings Inc. Common Shares Levitt, Brian 4 10/11/2017 15 17 14,705 14,705 Stelco Holdings Inc. Common Shares Lindsay, Robert Demarest 3, 6 02/11/2017 00 10 Stelco Holdings Inc. Common Shares Lindsay, Robert Demarest 3, 6 10/11/2017 45 17 75,283,877 Stelco Holdings Inc. Common Shares Lindsay, Robert Demarest 3, 6 10/11/2017 45 17 75,283,877 Stelco Holdings Inc. Common Shares Lindsay, Robert Demarest 3, 6 10/11/2017 45 17 75,283,887 75,283,877 Stelco Holdings Inc. Common Shares Newman, Donald 5 02/11/2017 00 Stelco Holdings Inc. Common Shares Newman, Donald 5 02/11/2017 00 Stelco Holdings Inc. Common Shares Newman, Donald 5 02/11/2017 00 Stelco Holdings Inc. Common Shares Newman, Donald 5 03/11/2017 00 Stelco Holdings Inc. Common Shares Newman, Donald 5 10/11/2017 15 17 113,691 113,691 Stelco Holdings Inc. Common Shares Simon, Paul 5 02/11/2017 00 Stelco Holdings Inc. Common Shares Simon, Paul 5 02/11/2017 00 Stelco Holdings Inc. Common Shares Simon, Paul 5 02/11/2017 00 Stelco Holdings Inc. Common Shares Simon, Paul 5 03/11/2017 00 Stelco Holdings Inc. Common Shares Simon, Paul 5 10/11/2017 15 17 2,941 2,941 Stingray Digital Group Inc. Deferred Share Units Blondin, Claudine 4 13/11/2017 56 9.0577 16,139 110 (DSU) Stingray Digital Group Inc. Deferred Share Units Blondin, Claudine 4 13/11/2017 56 9.0577 17,795 1,656 (DSU) Stingray Digital Group Inc. Deferred Share Units Parisien, Jacques 4 13/11/2017 56 9.0577 18,255 110 (DSU) Stingray Digital Group Inc. Deferred Share Units Parisien, Jacques 4 13/11/2017 56 9.0577 19,883 1,628 (DSU) Stingray Digital Group Inc. Deferred Share Units Pathy, Mark 4 13/11/2017 56 9.0577 16,185 110 (DSU) Stingray Digital Group Inc. Deferred Share Units Pathy, Mark 4 13/11/2017 56 9.0577 18,586 2,401 (DSU) Stingray Digital Group Inc. Subordinate Voting Pathy, Mark 4 16/11/2017 10 9.1453 664,200 104,000 Shares Stingray Digital Group Inc. Deferred Share Units Purdy, David 4 02/08/2017 00 (DSU) Stingray Digital Group Inc. Deferred Share Units Purdy, David 4 13/11/2017 56 9.0577 110 110 (DSU) Stingray Digital Group Inc. Deferred Share Units Purdy, David 4 13/11/2017 56 9.0577 1,573 1,463 (DSU) Stingray Digital Group Inc. Deferred Share Units Rich, Gary 4 13/11/2017 56 9.0357 16,970 111 (DSU) Stingray Digital Group Inc. Deferred Share Units Rich, Gary 4 13/11/2017 56 9.0357 18,464 1,494 (DSU) Stingray Digital Group Inc. Deferred Share Units STEELE, ROBERT 4 13/11/2017 56 9.0577 17,916 1,462 (DSU) GEORGE Stingray Digital Group Inc. Deferred Share Units Tremblay, Pascal 4 13/11/2017 56 9.0577 18,865 110 (DSU) Stingray Digital Group Inc. Deferred Share Units Tremblay, Pascal 4 13/11/2017 56 9.0577 20,742 1,877 (DSU) Stria Lithium Inc. Common Shares Economo, Gary 3, 4, 5 10/11/2017 11 0.05 4,135,135 1,000,000 Stria Lithium Inc. Warrants Economo, Gary 3, 4, 5 10/11/2017 11 0.05 3,267,567 1,000,000 Stria Lithium Inc. Common Shares York, Jeffrey 3, 4 10/11/2017 11 0.05 1,000,000 Stria Lithium Inc. Common Shares York, Jeffrey 3, 4 10/11/2017 11 0.05 6,501,451 2,000,000 Stria Lithium Inc. Warrants York, Jeffrey 3, 4 10/11/2017 11 0.05 7,746,316 2,000,000 Sun Life Financial Inc. Common Shares Blair, Carolyn Diane 5 15/11/2017 51 28.2 5,319 5,319 Sun Life Financial Inc. Common Shares Blair, Carolyn Diane 5 15/11/2017 51 39.27 9,138 3,819 Sun Life Financial Inc. Common Shares Blair, Carolyn Diane 5 15/11/2017 51 39.02 13,303 4,165 Sun Life Financial Inc. Common Shares Blair, Carolyn Diane 5 15/11/2017 51 40.16 17,661 4,358 Sun Life Financial Inc. Common Shares Blair, Carolyn Diane 5 15/11/2017 11 49.337 -17,661 Sun Life Financial Inc. Common Shares Blair, Carolyn Diane 5 15/11/2017 11 49.337 -17,661 Sun Life Financial Inc. Common Shares Blair, Carolyn Diane 5 15/11/2017 10 49.337 0 -17,661

November 23, 2017 (2017), 40 OSCB 9431

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Sun Life Financial Inc. Common Shares Blair, Carolyn Diane 5 16/11/2017 10 49.337 -17,661 Sun Life Financial Inc. Common Shares Blair, Carolyn Diane 5 16/11/2017 10 49.337 -17,661 Sun Life Financial Inc. Options Blair, Carolyn Diane 5 15/11/2017 51 28.2 53,125 -5,319 Sun Life Financial Inc. Options Blair, Carolyn Diane 5 15/11/2017 51 39.27 49,306 -3,819 Sun Life Financial Inc. Options Blair, Carolyn Diane 5 15/11/2017 51 39.02 45,141 -4,165 Sun Life Financial Inc. Options Blair, Carolyn Diane 5 15/11/2017 51 40.16 40,783 -4,358 Sun Life Financial Inc. Common Shares Coyles, Stephanie 4 13/11/2017 10 49.11 1,400 500 Sun Life Financial Inc. Common Shares Freyne, Colm Joseph 5 16/11/2017 51 47.96 12,511 12,511 Sun Life Financial Inc. Common Shares Freyne, Colm Joseph 5 16/11/2017 51 21.53 35,736 23,225 Sun Life Financial Inc. Common Shares Freyne, Colm Joseph 5 16/11/2017 51 28.2 53,467 17,731 Sun Life Financial Inc. Common Shares Freyne, Colm Joseph 5 16/11/2017 10 49.972 40,956 -12,511 Sun Life Financial Inc. Common Shares Freyne, Colm Joseph 5 16/11/2017 10 49.955 17,731 -23,225 Sun Life Financial Inc. Common Shares Freyne, Colm Joseph 5 16/11/2017 10 49.934 0 -17,731 Sun Life Financial Inc. Options Freyne, Colm Joseph 5 16/11/2017 51 47.96 166,631 -12,511 Sun Life Financial Inc. Options Freyne, Colm Joseph 5 16/11/2017 51 21.53 143,406 -23,225 Sun Life Financial Inc. Options Freyne, Colm Joseph 5 16/11/2017 51 28.2 125,675 -17,731 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 700 700 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.64 0 -700 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 1,500 1,500 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.645 0 -1,500 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 18,200 18,200 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.625 0 -18,200 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 4,600 4,600 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.635 0 -4,600 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 1,300 1,300 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.52 0 -1,300 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 400 400 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.506 0 -400 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 1,200 1,200 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.5 0 -1,200 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 700 700 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.47 0 -700 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 2,400 2,400 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.41 0 -2,400 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 2,400 2,400 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.42 0 -2,400 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 200 200 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.417 0 -200 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 600 600 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.4 0 -600 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 4,300 4,300 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.38 0 -4,300 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 1 1 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.38 0 -1 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 800 800 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.37 0 -800 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 999 999 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.36 0 -999 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 1,100 1,100 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.35 0 -1,100 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 502 502

November 23, 2017 (2017), 40 OSCB 9432

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.342 0 -502 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 898 898 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.34 0 -898 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 100 100 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.335 0 -100 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 1,200 1,200 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.33 0 -1,200 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 2,500 2,500 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.32 0 -2,500 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 2,500 2,500 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.31 0 -2,500 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 200 200 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.31 0 -200 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 51 41.24 5,700 5,700 Suncor Energy Inc. Common Shares Axford, Eric Charles 5 13/11/2017 10 46.311 0 -5,700 Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 -700 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 -700 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 959,300 -700 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 957,800 -1,500 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 939,600 -18,200 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 935,000 -4,600 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 933,700 -1,300 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 933,300 -400 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 932,100 -1,200 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 931,400 -700 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 929,000 -2,400 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 926,600 -2,400 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 926,400 -200 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 925,800 -600 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 921,500 -4,300 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 921,499 -1 Option Plan (Post August 1, 2009)

November 23, 2017 (2017), 40 OSCB 9433

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 920,699 -800 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 919,700 -999 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 918,600 -1,100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 918,098 -502 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 917,200 -898 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 917,100 -100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 915,900 -1,200 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 913,400 -2,500 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 910,900 -2,500 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 910,700 -200 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Axford, Eric Charles 5 13/11/2017 51 41.24 905,000 -5,700 Option Plan (Post August 1, 2009) Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 2,100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 2,100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.73 -2,100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.73 -2,100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.692 -100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.692 -100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 1,360 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 1,360 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.69 -1,360 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.69 -1,360 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 3,188 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 3,188 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.7 -3,188 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.7 -3,188 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 15,302 2,100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.73 13,202 -2,100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,302 100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.692 13,202 -100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 14,562 1,360 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.69 13,202 -1,360 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 16,390 3,188 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.7 13,202 -3,188 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,302 100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.666 13,202 -100

November 23, 2017 (2017), 40 OSCB 9434

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 15,002 1,800 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.65 13,202 -1,800 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,502 300 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.68 13,202 -300 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,354 152 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.654 13,202 -152 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,211 9 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.628 13,202 -9 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,402 200 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.63 13,202 -200 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,493 291 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.62 13,202 -291 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,302 100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.64 13,202 -100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 14,002 800 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.64 13,202 -800 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,302 100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.655 13,202 -100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,502 300 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.74 13,202 -300 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,802 600 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.8 13,202 -600 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,502 300 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.78 13,202 -300 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,702 500 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.77 13,202 -500 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 14,402 1,200 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.76 13,202 -1,200 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,802 600 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.765 13,202 -600 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 14,202 1,000 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.75 13,202 -1,000 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,302 100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.721 13,202 -100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,702 500 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.72 13,202 -500 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 13,302 100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.735 13,202 -100 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 51 41.24 14,402 1,200 Suncor Energy Inc. Common Shares Smith, Kristopher Peter 5 14/11/2017 10 45.71 13,202 -1,200 Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 -2,100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 -2,100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 -100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 -100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 -1,360 Option Plan (Post August 1, 2009)

November 23, 2017 (2017), 40 OSCB 9435

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 -1,360 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 -3,188 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 -3,188 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 -100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 -100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 -2,100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 -2,100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 959,900 -2,100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 959,800 -100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 958,440 -1,360 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 955,252 -3,188 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 955,152 -100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 953,352 -1,800 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 953,052 -300 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 952,900 -152 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 952,891 -9 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 952,691 -200 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 952,400 -291 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 952,300 -100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 951,500 -800 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 951,400 -100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 951,100 -300 Option Plan (Post August 1, 2009)

November 23, 2017 (2017), 40 OSCB 9436

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 950,500 -600 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 950,200 -300 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 949,700 -500 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 948,500 -1,200 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 947,900 -600 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 946,900 -1,000 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 946,800 -100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 946,300 -500 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 946,200 -100 Option Plan (Post August 1, 2009) Suncor Energy Inc. Options - Suncor Energy Smith, Kristopher Peter 5 14/11/2017 51 41.24 945,000 -1,200 Option Plan (Post August 1, 2009) SunOpta Inc. Common Shares Bolles, Albert 4 08/11/2017 57 7.73 67,995 7,995 SunOpta Inc. Rights RSU Bolles, Albert 4 08/11/2017 57 9,474 -7,995 SunOpta Inc. Common Shares Briffett, Derek 4 06/11/2017 00 SunOpta Inc. Common Shares Hollis, Dean 4 08/11/2017 57 7.73 63,745 7,995 SunOpta Inc. Common Shares Hollis, Dean 4 10/11/2017 10 7.695 65,745 2,000 SunOpta Inc. Common Shares Hollis, Dean 4 10/11/2017 10 7.7 67,581 1,836 SunOpta Inc. Common Shares Hollis, Dean 4 10/11/2017 10 7.74 69,647 2,066 SunOpta Inc. Common Shares Hollis, Dean 4 10/11/2017 10 7.575 69,747 100 SunOpta Inc. Common Shares Hollis, Dean 4 10/11/2017 10 7.6 71,447 1,700 SunOpta Inc. Common Shares Hollis, Dean 4 10/11/2017 10 7.525 71,547 100 SunOpta Inc. Common Shares Hollis, Dean 4 10/11/2017 10 7.545 72,457 910 SunOpta Inc. Common Shares Hollis, Dean 4 10/11/2017 10 7.55 73,745 1,288 SunOpta Inc. Rights RSU Hollis, Dean 4 08/11/2017 57 9,474 -7,995 SunOpta Inc. Common Shares Springstubb, Brendan 4 08/11/2017 57 7.73 11,402 7,995 SunOpta Inc. Rights RSU Springstubb, Brendan 4 08/11/2017 57 9,474 -7,995 Sunshine Oilsands Ltd. Common Shares Class A Hibberd, Michael John 4, 5 15/11/2017 10 0.06 98,715,221 200,000 Sunshine Oilsands Ltd. Common Shares Class A Sun, Kwok Ping 3, 4 08/11/2017 10 0.048 385,965,000 46,000,000 Sunshine Oilsands Ltd. Common Shares Class A Sun, Kwok Ping 3, 4 09/11/2017 10 0.049 412,965,000 27,000,000 Sunshine Oilsands Ltd. Common Shares Class A Sun, Kwok Ping 3, 4 10/11/2017 10 0.052 468,965,000 56,000,000 Sunshine Oilsands Ltd. Common Shares Class A Sun, Kwok Ping 3, 4 13/11/2017 10 0.054 500,965,000 32,000,000 Superior Plus Corp. Convertible Debentures Findlay, Randall J. 4 30/06/2015 38 $0 -$25,000 5.75% (issued March 2010) Superior Plus Corp. Convertible Debentures Findlay, Randall J. 4 15/11/2017 38 $0 -$100,000 6% with a maturity date of June 30, 2019. Superior Plus Corp. Common Shares Summers, Elizabeth 5 13/11/2017 10 12.46 7,000 1,000 Supreme Pharmaceuticals Common Shares Dhaliwal, Navdeep S. 4, 5 25/10/2017 36 226,123 26,923 Inc.

November 23, 2017 (2017), 40 OSCB 9437

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Supreme Pharmaceuticals Convertible Debentures Dhaliwal, Navdeep S. 4, 5 25/10/2017 36 $0 -$35,000 Inc. Supreme Pharmaceuticals Convertible Debentures Dhaliwal, Navdeep S. 4, 5 14/11/2017 16 1000 $35,000 $35,000 Inc. Supreme Pharmaceuticals Warrants Dhaliwal, Navdeep S. 4, 5 14/11/2017 16 87,905 10,955 Inc. Supreme Pharmaceuticals Common Shares Fowler, John Alexander 4, 5 17/10/2017 36 2,376,081 38,461 Inc. Supreme Pharmaceuticals Common Shares Fowler, John Alexander 4, 5 17/10/2017 10 1.3604 2,337,620 -38,461 Inc. Supreme Pharmaceuticals Convertible Debentures Fowler, John Alexander 4, 5 17/10/2017 36 $0 -$50,000 Inc. Supreme Pharmaceuticals Convertible Debentures Fowler, John Alexander 4, 5 14/11/2017 16 1000 $50,000 $50,000 Inc. Supreme Pharmaceuticals Warrants Fowler, John Alexander 4, 5 14/11/2017 16 54,150 15,650 Inc. Supreme Pharmaceuticals Common Shares La Brier, Michael John 4, 5 18/10/2017 36 6,369,230 769,230 Inc. Supreme Pharmaceuticals Common Shares La Brier, Michael John 4, 5 18/10/2017 10 5,600,000 -769,230 Inc. Supreme Pharmaceuticals Convertible Debentures La Brier, Michael John 4, 5 18/10/2017 36 $0 -$1,000,000 Inc. Supreme Pharmaceuticals Convertible Debentures La Brier, Michael John 4, 5 14/11/2017 16 1000 $1,000,000 $1,000,000 Inc. Supreme Pharmaceuticals Warrants La Brier, Michael John 4, 5 14/11/2017 16 6,083,000 313,000 Inc. Surge Energy Inc. Common Shares Colborne, Paul 4 15/11/2017 10 2.229 3,805,902 45 Surge Energy Inc. Common Shares Colborne, Paul 4 15/11/2017 10 2.229 3,806,064 162 Surge Energy Inc. Common Shares Colborne, Paul 4 15/11/2017 10 2.229 16,122 1,814 Surge Energy Inc. Common Shares Colborne, Paul 4 15/11/2017 10 2.229 387,829 1,790 Tahoe Resources Inc. Common Shares Voorhees, James 5 16/11/2017 10 4.549 164,000 5,000 Tamarack Valley Energy Ltd. Common Shares Price, Floyd Ray 4 10/11/2017 51 2.91 79,334 5,266 Tamarack Valley Energy Ltd. Options Price, Floyd Ray 4 16/11/2012 50 2.7 5,266 Tamarack Valley Energy Ltd. Options Price, Floyd Ray 4 16/11/2012 50 2.7 5,266 Tamarack Valley Energy Ltd. Options Price, Floyd Ray 4 10/11/2017 51 2.7 -5,266 Tamarack Valley Energy Ltd. Options Price, Floyd Ray 4 10/11/2017 51 2.7 -5,266 Tanzanian Royalty Common Shares Harvey, William 4 10/11/2017 10 0.2753 316,924 -3,500 Exploration Corporation Tanzanian Royalty Common Shares Harvey, William 4 10/11/2017 10 0.2713 310,424 -6,500 Exploration Corporation Taranis Resources Inc. Common Shares Gardiner, John James 3, 4, 5 10/11/2017 10 0.115 4,018,825 -1,000,000 Tarku Resources Ltd. Common Shares Sheppard, Jeff 4, 5 10/11/2017 10 0.03 30,500 10,000 (formerly ITUNA Capital Corporation) Tarku Resources Ltd. Common Shares Sheppard, Jeff 4, 5 15/11/2017 10 0.035 105,500 75,000 (formerly ITUNA Capital Corporation) TELUS Corporation Common Shares Auchinleck, Richard H. 4 10/11/2017 30 19,909 77 (Dick) TELUS Corporation Common Shares Auchinleck, Richard H. 4 10/11/2017 30 48.19 20,616 707 (Dick) TELUS Corporation Common Shares Day, Stockwell 4 10/11/2017 30 6,361 69 TELUS Corporation Common Shares Day, Stockwell 4 10/11/2017 30 48.19 6,567 206 TELUS Corporation Common Shares Parent, Marc 4 07/11/2017 00 TELUS Corporation Deferred Share Units Parent, Marc 4 07/11/2017 00 TELUS Corporation Deferred Share Units Parent, Marc 4 10/11/2017 30 47.26 1,270 1,270 Terra Firma Capital Deferred Share Units Bart, Christopher Kenneth 4 29/09/2017 56 275,376 19,531 Corporation

November 23, 2017 (2017), 40 OSCB 9438

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Terra Firma Capital Common Shares Meyer, Yisrael Dov 5 15/11/2017 10 0.7 919,491 5,000 Corporation Terra Firma Capital Deferred Share Units Patava, Miroslav Jerry 4 29/09/2017 56 10,851 10,851 Corporation Terra Firma Capital Deferred Share Units Reichmann, Philip 4 29/09/2017 56 237,991 17,361 Corporation Terra Firma Capital Deferred Share Units Rosenblatt, Reuben 4 29/09/2017 56 275,423 10,851 Corporation Maurice Terra Firma Capital Deferred Share Units Temkin, Seymour 4 29/09/2017 56 313,797 21,701 Corporation Tesco Corporation Common Shares Gatlin, John Terrell 5 14/11/2016 00 Tesco Corporation Common Shares Gatlin, John Terrell 5 14/11/2017 57 3.975 10,000 10,000 Tesco Corporation Common Shares Gatlin, John Terrell 5 15/11/2017 10 3.975 7,072 -2,928 Tesco Corporation Rights RSUs - Restricted Gatlin, John Terrell 5 14/11/2017 57 20,000 -10,000 Stock Units Tesco Corporation Rights RSUs - Restricted Gatlin, John Terrell 5 14/11/2017 57 -10,000 Stock Units Tesco Corporation Rights RSUs - Restricted Gatlin, John Terrell 5 14/11/2017 57 -10,000 Stock Units Tesco Corporation Rights RSUs - Restricted Gatlin, John Terrell 5 14/11/2017 57 -10,000 Stock Units Tesco Corporation Rights RSUs - Restricted Gatlin, John Terrell 5 14/11/2017 57 -10,000 Stock Units THC BIOMED INTL LTD. Warrants Miller, John 3, 4 14/11/2017 53 0.9375 952,688 166,666 Theratechnologies Inc. Common Shares Dubuc, Philippe 5 15/11/2017 10 6.58 19,400 400 Theratechnologies Inc. Common Shares Dubuc, Philippe 5 15/11/2017 10 6.58 19,500 100 Theratechnologies Inc. Common Shares Dubuc, Philippe 5 15/11/2017 10 6.6 20,000 500 Theratechnologies Inc. Common Shares Dubuc, Philippe 5 15/11/2017 10 6.66 21,000 1,000 Theratechnologies Inc. Common Shares Fortin, Lyne 5 16/11/2017 10 6.69 26,650 500 Theratechnologies Inc. Common Shares Fortin, Lyne 5 16/11/2017 10 6.673 27,590 940 Theratechnologies Inc. Common Shares Marsolais, Christian 5 15/11/2017 10 6.57 34,697 7,500 Theratechnologies Inc. Common Shares Tanguay, Luc 4, 5 15/11/2017 10 6.478 230,500 500 Theratechnologies Inc. Common Shares Tanguay, Luc 4, 5 15/11/2017 10 6.55 230,900 400 Theratechnologies Inc. Common Shares Tanguay, Luc 4, 5 15/11/2017 10 6.55 231,000 100 Theratechnologies Inc. Common Shares Tanguay, Luc 4, 5 15/11/2017 10 6.55 231,300 300 Theratechnologies Inc. Common Shares Tanguay, Luc 4, 5 15/11/2017 10 6.59 231,700 400 Theratechnologies Inc. Common Shares Tanguay, Luc 4, 5 15/11/2017 10 6.64 234,000 2,300 ThreeD Capital Inc.(formerly Common Shares 1313366 Ontario Inc. 3 14/11/2017 11 0.2 7,077,000 1,000,000 Brownstone Energy Inc.) ThreeD Capital Inc.(formerly Warrants 1313366 Ontario Inc. 3 14/11/2017 11 7,850,000 1,000,000 Brownstone Energy Inc.) ThreeD Capital Inc.(formerly Common Shares Kopman, Jeff 6 14/11/2017 11 0.2 7,077,000 1,000,000 Brownstone Energy Inc.) ThreeD Capital Inc.(formerly Warrants Kopman, Jeff 6 14/11/2017 11 7,850,000 1,000,000 Brownstone Energy Inc.) ThreeD Capital Inc.(formerly Common Shares Singh, Mukesh Steven 3 14/11/2017 00 6,000,000 Brownstone Energy Inc.) ThreeD Capital Inc.(formerly Warrants Singh, Mukesh Steven 3 14/11/2017 00 3,000,000 Brownstone Energy Inc.) TMAC Resources Inc. Common Shares RCF VI CAD LLC 3 11/09/2017 00 25,649,274 TMAC Resources Inc. Common Shares RCF VI CAD LLC 3 10/11/2017 11 7 27,959,260 2,309,986 TMAC Resources Inc. Common Shares Resource Capital Fund VI 3 14/11/2017 97 0 -25,649,274 L.P. TORC Oil & Gas Ltd. Common Shares Canada Pension Plan 3 15/11/2017 35 299,708 860 Investment Board TORC Oil & Gas Ltd. Common Shares Canada Pension Plan 3 15/11/2017 35 47,625,529 136,723 Investment Board Toromont Industries Ltd. Common Shares Jewer, Paul Randolph 5 15/11/2017 51 23.4 9,763 5,000

November 23, 2017 (2017), 40 OSCB 9439

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Toromont Industries Ltd. Common Shares Jewer, Paul Randolph 5 15/11/2017 10 56 4,763 -5,000 Toromont Industries Ltd. Options Jewer, Paul Randolph 5 15/11/2017 51 23.4 245,000 -5,000 Torq Resources Inc. Common Shares Mason, Jeffrey Robert 4 14/11/2017 10 0.48 106,500 46,500 Torq Resources Inc. Common Shares Mason, Jeffrey Robert 4 15/11/2017 10 0.48 116,000 9,500 Torq Resources Inc. Common Shares Mason, Jeffrey Robert 4 17/11/2017 10 0.49 138,000 22,000 Torrent Capital Ltd. Common Shares Dawe, Wade K. 5 13/11/2017 10 0.26 4,908,667 618,667 Torstar Corporation Non-Voting Shares Class Fairfax Financial Holdings 3 09/11/2017 11 1.25 599,020 195,770 B Limited Torstar Corporation Non-Voting Shares Class Fairfax Financial Holdings 3 09/11/2017 11 1.25 869,000 200,000 B Limited Torstar Corporation Non-Voting Shares Class Fairfax Financial Holdings 3 09/11/2017 11 1.25 5,636,117 1,241,517 B Limited Torstar Corporation Non-Voting Shares Class Fairfax Financial Holdings 3 09/11/2017 11 1.25 657,100 200,000 B Limited Torstar Corporation Non-Voting Shares Class Fairfax Financial Holdings 3 09/11/2017 11 1.25 7,212,500 3,800,000 B Limited Torstar Corporation Non-Voting Shares Class Fairfax Financial Holdings 3 09/11/2017 11 1.25 7,852,000 3,800,000 B Limited Total Energy Services Inc. Common Shares Pachkowski, Bruce 4 14/11/2017 10 15 191,300 2,500 Lawrence Tourmaline Oil Corp. Common Shares Rose, Mike 5 14/11/2017 10 25.548 10,228,326 2,000 Tourmaline Oil Corp. Common Shares Rose, Mike 5 16/11/2017 10 24.57 10,230,326 2,000 TransCanada Corporation Common Shares Lord, Bryce A. 7 15/11/2017 30 62.55 1,873 173 TransCanada Corporation Common Shares Lord, Bryce A. 7 15/11/2017 30 61.53 1,945 72 TransCanada Corporation Common Shares Lord, Bryce A. 7 16/11/2017 10 62.98 1,744 -201 TransCanada Corporation Common Shares Murray, Geoff 7 13/11/2017 51 41.95 11,468 11,173 TransCanada Corporation Common Shares Murray, Geoff 7 13/11/2017 10 62.75 10,395 -1,073 TransCanada Corporation Common Shares Murray, Geoff 7 13/11/2017 10 62.73 8,995 -1,400 TransCanada Corporation Common Shares Murray, Geoff 7 13/11/2017 10 62.72 7,595 -1,400 TransCanada Corporation Common Shares Murray, Geoff 7 13/11/2017 10 62.7 3,595 -4,000 TransCanada Corporation Common Shares Murray, Geoff 7 13/11/2017 10 62.69 2,795 -800 TransCanada Corporation Common Shares Murray, Geoff 7 13/11/2017 10 62.68 895 -1,900 TransCanada Corporation Common Shares Murray, Geoff 7 13/11/2017 10 62.71 295 -600 TransCanada Corporation Options Granted Feb. 17, Murray, Geoff 7 13/11/2017 51 0 -11,173 2012 @ $41.95 CDN Trevali Mining Corporation Common Shares MYERSON, DANIEL 4 30/08/2017 00 Trevali Mining Corporation Deferred Share Units MYERSON, DANIEL 4 30/08/2017 00 (DSUs) Trevali Mining Corporation Options MYERSON, DANIEL 4 30/08/2017 00 Trevali Mining Corporation Warrants MYERSON, DANIEL 4 30/08/2017 00 Trican Well Service Ltd. Performance Unit Awards Onwuekwe, Chika Benjamin 5 06/03/2017 00 (PSUs) Trican Well Service Ltd. Performance Unit Awards Onwuekwe, Chika Benjamin 5 10/11/2017 56 22,800 22,800 (PSUs) Trican Well Service Ltd. Options Employee Stock Poulin, Etienne 5 16/11/2017 52 11.21 130,999 -6,000 Options Trican Well Service Ltd. Performance Unit Awards Poulin, Etienne 5 02/06/2017 00 (PSUs) Trican Well Service Ltd. Performance Unit Awards Poulin, Etienne 5 10/11/2017 56 22,000 22,000 (PSUs) Trican Well Service Ltd. Options Employee Stock Sweany, Dawn Amanda 5 16/11/2017 52 11.21 90,336 -600 Options Trican Well Service Ltd. Performance Unit Awards Westlund, David Jason 5 02/06/2017 00 (PSUs) Trican Well Service Ltd. Performance Unit Awards Westlund, David Jason 5 10/11/2017 56 26,600 26,600 (PSUs) Tricon Capital Group Inc. Deferred Share Units Gluskin, Ira 4 15/11/2017 46 11.39 8,342 2,085

November 23, 2017 (2017), 40 OSCB 9440

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Tricon Capital Group Inc. Deferred Share Units KNOWLTON, JOHN 4 15/11/2017 46 11.39 14,778 823 MICHAEL ARTHUR Tricon Capital Group Inc. Deferred Share Units Matthews, Sian Margaret 4 15/11/2017 46 11.39 17,778 2,305 Tricon Capital Group Inc. Deferred Share Units Sacks, Peter 4 15/11/2017 46 11.39 11,156 823 Tricon Capital Group Inc. Common Shares Tricon Capital Group Inc. 1 08/11/2017 38 10.74 217,500 41,500 Trillium Therapeutics Inc. Deferred share units Beshar, Luke 4 09/11/2017 97 12.179 $15,326 $7,390 (formerly Stem Cell Therapeutics Corp.) Trillium Therapeutics Inc. Deferred share units FRIESEN, HENRY 4 09/11/2017 97 12.179 $15,326 $7,390 (formerly Stem Cell Therapeutics Corp.) Trillium Therapeutics Inc. Deferred share units Kirkman, Robert Lawrence 4 09/11/2017 97 12.179 $15,326 $7,390 (formerly Stem Cell Therapeutics Corp.) Trillium Therapeutics Inc. Deferred share units Moore, Michael 4 09/11/2017 97 12.179 $15,326 $7,390 (formerly Stem Cell Therapeutics Corp.) Trillium Therapeutics Inc. Options Parsons, James Todd 5 09/11/2017 50 12.22 166,422 24,390 (formerly Stem Cell Therapeutics Corp.) Trillium Therapeutics Inc. Options Petrova, Penka 5 09/11/2017 50 12.22 166,424 24,390 (formerly Stem Cell Therapeutics Corp.) Trillium Therapeutics Inc. Deferred share units Reynolds, Thomas 4 09/11/2017 97 12.179 $15,326 $7,390 (formerly Stem Cell Therapeutics Corp.) Trillium Therapeutics Inc. Options Sievers, Eric L 5 09/11/2017 50 12.22 191,386 28,049 (formerly Stem Cell Therapeutics Corp.) Trillium Therapeutics Inc. Options Stiernholm, Bjorn Johan 4, 5 09/11/2017 50 12.22 682,332 100,000 (formerly Stem Cell Niclas Therapeutics Corp.) Trillium Therapeutics Inc. Deferred share units STILLER, CALVIN R. 4 09/11/2017 97 12.179 $15,326 $7,390 (formerly Stem Cell Therapeutics Corp.) Trillium Therapeutics Inc. Deferred share units Tayton-Martin, Helen 4 13/09/2017 00 (formerly Stem Cell Katrina Therapeutics Corp.) Trillium Therapeutics Inc. Deferred share units Tayton-Martin, Helen 4 09/11/2017 97 12.179 $1,847 $1,847 (formerly Stem Cell Katrina Therapeutics Corp.) Trillium Therapeutics Inc. Options Uger, Robert 5 09/11/2017 50 12.22 191,386 28,049 (formerly Stem Cell Therapeutics Corp.) Triumph Gold Corp. Common Shares Palisade Global 3 14/11/2017 10 0.265 8,116,000 43,000 Investments Ltd. Umbral Energy Corp. Common Shares Bal, Jagdip 4 15/11/2017 50 0.14 10,397,519 1,500,000 Uniserve Communications Common Shares Mitha, Hashim 4 09/11/2017 10 0.365 467,800 5,000 Corporation Uniserve Communications Warrants Scholz, Michael Curt 4 14/11/2017 97 0.25 2,666,000 -100,000 Corporation Uranium Participation Common Shares McDonald, Gabriel Ernst 5 17/11/2017 10 4.25 4,800 -3,000 Corporation Urbana Corporation Common Shares CALDWELL, BRENDAN 3 24/02/2017 90 6,636 -1,740 T.N. Urbana Corporation Common Shares CALDWELL, BRENDAN 3 24/02/2017 90 -1,740 T.N. Urbana Corporation Common Shares CALDWELL, BRENDAN 3 26/02/2014 10 1.9 1,768 T.N. Urbana Corporation Common Shares CALDWELL, BRENDAN 3 26/02/2014 10 1.9 44,425 1,766 T.N. Valens Groworks Corp. Common Shares Gervais, David 4 10/10/2017 10 1.18 5,602,294 -3,000 (formerly Genovation Capital Corp.)

November 23, 2017 (2017), 40 OSCB 9441

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Valens Groworks Corp. Common Shares Gervais, David 4 09/11/2017 10 5,576,744 -5,450 (formerly Genovation Capital Corp.) Valens Groworks Corp. Common Shares Gervais, David 4 14/11/2017 10 1.15 5,573,744 -3,000 (formerly Genovation Capital Corp.) Valens Groworks Corp. Common Shares O'Brien, Rob 4 13/11/2017 10 -10,000 (formerly Genovation Capital Corp.) Valens Groworks Corp. Common Shares O'Brien, Rob 4 13/11/2017 10 1.1 2,498,200 -10,000 (formerly Genovation Capital Corp.) Valens Groworks Corp. Common Shares O'Brien, Rob 4 13/11/2017 10 -6,000 (formerly Genovation Capital Corp.) Valens Groworks Corp. Common Shares O'Brien, Rob 4 13/11/2017 10 1.05 2,492,200 -6,000 (formerly Genovation Capital Corp.) Valens Groworks Corp. Common Shares O'Brien, Rob 4 09/11/2017 16 180,000 110,000 (formerly Genovation Capital Corp.) Valens Groworks Corp. Warrants O'Brien, Rob 4 01/03/2017 00 (formerly Genovation Capital Corp.) Valens Groworks Corp. Warrants O'Brien, Rob 4 09/11/2017 16 1.5 55,000 55,000 (formerly Genovation Capital Corp.) Valens Groworks Corp. Common Shares Robson, Andrew Tyler 4 14/11/2017 10 1.15 4,004,528 -2,500 (formerly Genovation Capital Corp.) Valens Groworks Corp. Common Shares Robson, Andrew Tyler 4 14/11/2017 10 1.16 4,000,528 -4,000 (formerly Genovation Capital Corp.) Valens Groworks Corp. Common Shares Robson, Andrew Tyler 4 14/11/2017 10 1.17 3,998,028 -2,500 (formerly Genovation Capital Corp.) Valens Groworks Corp. Common Shares Robson, Andrew Tyler 4 14/11/2017 10 1.18 3,991,628 -6,400 (formerly Genovation Capital Corp.) Valens Groworks Corp. Common Shares Robson, Andrew Tyler 4 15/11/2017 10 1.18 3,989,528 -2,100 (formerly Genovation Capital Corp.) Valens Groworks Corp. Common Shares Robson, Andrew Tyler 4 15/11/2017 10 1.19 3,984,928 -4,600 (formerly Genovation Capital Corp.) Valens Groworks Corp. Common Shares van Santen, Robert Jacob 4, 5 14/11/2017 10 1.245 2,743,734 -6,500 (formerly Genovation Capital Corp.) Valens Groworks Corp. Common Shares van Santen, Robert Jacob 4, 5 14/11/2017 10 1.2 2,732,734 -11,000 (formerly Genovation Capital Corp.) Valens Groworks Corp. Common Shares van Santen, Robert Jacob 4, 5 16/11/2017 10 1.17 2,730,934 -1,800 (formerly Genovation Capital Corp.) Valens Groworks Corp. Common Shares van Santen, Robert Jacob 4, 5 16/11/2017 10 1.09 2,710,934 -20,000 (formerly Genovation Capital Corp.) Vecima Networks Inc. Common Shares Wood, Hugh Charles 3 08/05/2017 10 11 732,450 -25,000 Vecima Networks Inc. Common Shares Wood, Hugh Charles 3 09/05/2017 10 11 707,450 -25,000 Verde AgriTech Plc (formerly Common Shares Veloso, Cristiano Botelho 4, 5 10/11/2017 97 0.42 3,541,369 500,000 Verde Potash Plc) VersaBank Options Duggan, Ross P. 5 13/11/2017 52 0 -119 VersaBank Options Kristo, Nikola 5 13/11/2017 52 0 -119 VersaBank Options Taylor, Jonathan Francis 5 13/11/2017 52 0 -168 Patrick

November 23, 2017 (2017), 40 OSCB 9442

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed VersaBank Common Shares Thoms, David William 5 17/11/2017 10 5.89 1,005 1,000 VIQ Solutions Inc. Common Shares Gordon, Harvey 4 16/11/2017 11 0.3 1,548,808 166,666 VIQ Solutions Inc. Common Shares Gordon, Harvey 4 16/11/2017 53 0.39 1,632,141 83,333 VIQ Solutions Inc. Common Shares Taylor, Larry Douglas 4 13/11/2017 10 0.29 6,517,700 11,000 VIQ Solutions Inc. Common Shares Taylor, Larry Douglas 4 14/11/2017 10 0.28 6,521,700 4,000 VVC Exploration Corporation Common Shares Fernet, Patrick 4 17/11/2017 46 0.05 1,368,154 280,000 VVC Exploration Corporation Common Shares Lafrance, Michel Jacques 4, 5 13/11/2017 11 0.05 1,029,750 10,000 VVC Exploration Corporation Warrants Lafrance, Michel Jacques 4, 5 13/11/2017 11 480,000 5,000 Wesdome Gold Mines Ltd. Common Shares Main, Charles 4 21/06/2017 00 Wesdome Gold Mines Ltd. Common Shares Main, Charles 4 15/11/2017 10 1.82 50,000 50,000 West Fraser Timber Co. Ltd. Common Shares KETCHAM INVESTMENTS 3 16/11/2017 10 80.9 6,162,718 -500,000 West Fraser Timber Co. Ltd. Common Shares Ketcham, Sally 6 13/01/2014 35 23,796 West Fraser Timber Co. Ltd. Common Shares Ketcham, Sally 6 13/01/2014 35 22,940 West Fraser Timber Co. Ltd. Common Shares Ketcham, Sally 6 13/01/2014 35 47,592 23,796 West High Yield (W.H.Y.) Common Shares Big Mountain Development 3 19/01/2007 46 -200,000 Resources Ltd. Corp. Ltd. West High Yield (W.H.Y.) Common Shares Big Mountain Development 3 19/01/2007 46 4,798,644 -299,500 Resources Ltd. Corp. Ltd. West High Yield (W.H.Y.) Warrants Big Mountain Development 3 27/07/2007 55 0.5 0 -2,525,072 Resources Ltd. Corp. Ltd. West High Yield (W.H.Y.) Common Shares Marasco, Frank 4 08/03/2006 00 20,000,000 Resources Ltd. West High Yield (W.H.Y.) Common Shares Marasco, Frank 4 27/07/2006 15 0.4 25,090,144 5,090,144 Resources Ltd. West High Yield (W.H.Y.) Common Shares Marasco, Frank 4 06/12/2006 10 0.41 25,098,144 8,000 Resources Ltd. West High Yield (W.H.Y.) Common Shares Marasco, Frank 4 19/01/2007 46 0.4 299,500 Resources Ltd. West High Yield (W.H.Y.) Common Shares Marasco, Frank 4 19/01/2007 46 0.4 24,798,644 -299,500 Resources Ltd. West High Yield (W.H.Y.) Common Shares Marasco, Frank 4 27/03/2009 46 0.4 24,708,644 -90,000 Resources Ltd. West High Yield (W.H.Y.) Common Shares West High Yield (W.H.Y.) 3 27/03/2009 11 -200,000 Resources Ltd. Holdings Ltd. West High Yield (W.H.Y.) Common Shares West High Yield (W.H.Y.) 3 27/03/2009 46 19,910,000 -90,000 Resources Ltd. Holdings Ltd. West Kirkland Mining Inc. Common Shares McVey, Sandy 5 09/11/2017 10 0.065 1,437,667 150,000 West Red Lake Gold Mines Common Shares Dehn, Michael Alexander 4 19/06/2017 51 0.18 114,500 100,000 Inc. West Red Lake Gold Mines Options Dehn, Michael Alexander 4 19/06/2017 51 0.18 400,000 -100,000 Inc. WestJet Airlines Ltd. Common Shares - Voting Taylor, Henry (Harry) Park 5 07/11/2017 57 30,704 11,662 WestJet Airlines Ltd. Rights 2015 Share Units Taylor, Henry (Harry) Park 5 07/11/2017 57 -22,428 WestJet Airlines Ltd. Rights 2015 Share Units Taylor, Henry (Harry) Park 5 07/11/2017 57 -22,428 WestJet Airlines Ltd. Rights 2015 Share Units Taylor, Henry (Harry) Park 5 07/11/2017 57 29,545 -22,428 Wheaton Precious Metals Common Shares Jeannes, Charles A. 4 15/11/2017 57 24.28 5,225 1,225 Corp. (formerly Silver Wheaton Corp.) Wheaton Precious Metals Subscription Rights Jeannes, Charles A. 4 15/11/2017 57 24.28 6,135 -1,225 Corp. (formerly Silver Wheaton Corp.) Wolfden Resources Common Shares Altius Minerals Corporation 3 15/11/2017 00 14,200,000 Corporation Wolfden Resources Warrants Altius Minerals Corporation 3 15/11/2017 00 7,100,000 Corporation Wolfden Resources Common Shares Downie, Ewan Stewart 4 15/11/2017 57 6,120,100 110,000 Corporation Wolfden Resources Subscription Rights Downie, Ewan Stewart 4 02/10/2012 00 Corporation

November 23, 2017 (2017), 40 OSCB 9443

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction Date T/O Unit Date/Month End Acquired/ Price Holdings Disposed Wolfden Resources Subscription Rights Downie, Ewan Stewart 4 15/11/2017 56 0.25 110,000 Corporation Wolfden Resources Subscription Rights Downie, Ewan Stewart 4 15/11/2017 56 0.25 110,000 110,000 Corporation Wolfden Resources Subscription Rights Downie, Ewan Stewart 4 15/11/2017 57 0 -110,000 Corporation Wolfden Resources Warrants Downie, Ewan Stewart 4 15/11/2017 57 0.35 930,000 55,000 Corporation Xenon Pharmaceuticals Inc. Common Shares Azab, Mohammad 4 15/11/2017 10 2.2187 44,210 15,000 Xtreme Drilling Corp. Common Shares BURGUNDY ASSET 3 14/11/2017 10 2.0692 8,785,629 3,700 (formerly Xtreme Drilling and MANAGEMENT LTD. Coil Services Corp.) Yamana Gold Inc. Common Shares Gallagher, Robert 4 25/08/2017 00 Yamana Gold Inc. Common Shares Gallagher, Robert 4 10/11/2017 10 3.41 58,200 58,200 Yamana Gold Inc. Common Shares Graff, Richard P 4 13/11/2017 10 2.71 43,949 10,000 Yamana Gold Inc. Common Shares Marrone, Peter 4, 5 08/11/2017 10 3.45 125,577 50,000 Yamana Gold Inc. Common Shares Marrone, Peter 4, 5 09/11/2017 10 3.436 175,577 50,000 Yamana Gold Inc. Common Shares Marrone, Peter 4, 5 10/11/2017 10 3.4177 225,577 50,000 Yamana Gold Inc. Common Shares Marrone, Peter 4, 5 15/11/2017 10 3.395 275,577 50,000 Yamana Gold Inc. Common Shares Racine, Daniel 5 09/11/2017 10 3.44 56,278 5,000 Yamana Gold Inc. Common Shares Racine, Daniel 5 09/11/2017 10 3.419 61,278 5,000 Yamana Gold Inc. Common Shares Racine, Daniel 5 09/11/2017 10 3.42 71,278 10,000 Yamana Gold Inc. Common Shares Racine, Daniel 5 09/11/2017 10 3.43 151,278 80,000 Yamana Gold Inc. Common Shares Sadowsky, Jane 4 01/09/2014 00 Yamana Gold Inc. Common Shares Sadowsky, Jane 4 09/11/2017 10 2.7 18,500 18,500 Yamana Gold Inc. Common Shares Tsakos, Sofia 5 13/11/2017 10 3.4 143,023 10,000 Yellow Pages Limited Common Shares Ramsay, François 5 16/11/2017 10 6.94 9,406 -1 Yellow Pages Limited Warrants Ramsay, François 5 16/11/2017 10 0.6 342 -1 ZCL Composites Inc. Common Shares Bachmeier, Ronald Marvin 7 15/11/2017 10 10.7 143,210 5,000 Zephyr Minerals Ltd. Common Shares Felderhof, G. William 4 15/11/2017 10 0.28 325,833 2,500 Zephyr Minerals Ltd. Common Shares Felderhof, G. William 4 14/11/2017 10 0.27 2,043,833 3,500 Zephyr Minerals Ltd. Common Shares Felderhof, G. William 4 14/11/2017 10 0.275 2,046,333 2,500 Zephyr Minerals Ltd. Common Shares Felderhof, G. William 4 15/11/2017 10 0.28 2,048,833 2,500 Zincore Metals Inc. Options Benavides, Jorge D. 3 13/11/2017 50 415,667 288,000 Zincore Metals Inc. Options Black, W. David 4 13/11/2017 50 487,667 300,000 Zincore Metals Inc. Options Friedrich, Roman 4 13/11/2017 50 486,333 300,000 Zincore Metals Inc. Options Ho, Adam Blaine 5 13/11/2017 50 591,667 400,000

November 23, 2017 (2017), 40 OSCB 9444

Chapter 11

IPOs, New Issues and Secondary Financings

INVESTMENT FUNDS

Issuer Name: Issuer Name: Dynamic Alternative Investments Private Pool Class Exemplar Growth and Income Fund Principal Regulator – Ontario Exemplar Investment Grade Fund Type and Date: Exemplar Leaders Fund Amendment #2 to Annual Information Form dated Exemplar Performance Fund November 17, 2017 Exemplar Tactical Corporate Bond Fund Received on November 17, 2017 Principal Regulator – Ontario Offering Price and Description: Type and Date: – Amended and Restated Final Simplified Prospectus dated Underwriter(s) or Distributor(s): November 17, 2017 to 1832 Asset Management L.P. Received on November 17, 2017 Promoter(s): Offering Price and Description: 1832 Asset Management L.P. – Project #2609787 Underwriter(s) or Distributor(s): N/A ______Promoter(s): Issuer Name: Arrow Capital Management Inc. Educators Monitored Aggressive Portfolio Project #2634081 Educators Monitored Balanced Portfolio Educators Monitored Conservative Portfolio ______Educators Monitored Growth Portfolio Issuer Name: Principal Regulator – Ontario First Asset Investment Grade Bond ETF Type and Date: Principal Regulator – Ontario Preliminary Simplified Prospectus dated November 15, Type and Date: 2017 Amendment #1 to Final Long Form Prospectus dated NP 11-202 Preliminary Receipt dated November 16, 2017 November 15, 2017 Offering Price and Description: Received on November 15, 2017 Class A Units and Class I Units Offering Price and Description: Underwriter(s) or Distributor(s): – Educators Financial Group Inc. Underwriter(s) or Distributor(s): Promoter(s): N/A Educators Financial Group Inc. Promoter(s): Project #2695941 First Asset Investment Management Inc. Project #2639667 ______

November 23, 2017 (2017), 40 OSCB 9445

IPOs, New Issues and Secondary Financings

Issuer Name: Issuer Name: Mackenzie Balanced ETF Portfolio BMO Money Market Fund Mackenzie Conservative ETF Portfolio BMO Core Bond Fund Mackenzie Conservative Income ETF Portfolio BMO Core Plus Bond Fund Mackenzie Growth ETF Portfolio BMO Diversified Income Portfolio Mackenzie Moderate Growth ETF Portfolio BMO Global Diversified Fund Principal Regulator – Ontario BMO Global Monthly Income Fund Type and Date: BMO Growth & Income Fund Preliminary Simplified Prospectus dated November 13, BMO Laddered Corporate Bond Fund 2017 BMO Monthly Dividend Fund Ltd. NP 11-202 Preliminary Receipt dated November 14, 2017 BMO Monthly Income Fund Offering Price and Description: BMO Mortgage and Short-Term Income Fund Series A, AR, D, F, F5, FB, FB5, O, PW, PWF, PWF5, BMO World Bond Fund PWFB, PWFB5, PWT5, PWX, PWX5 and T5 Securities BMO Asset Allocation Fund Underwriter(s) or Distributor(s): BMO Canadian Large Cap Equity Fund N/A BMO Dividend Fund Promoter(s): BMO Global Growth & Income Fund Mackenzie Financial Corporation BMO North American Dividend Fund Project #2694335 BMO Tactical Dividend ETF Fund BMO Global Small Cap Fund ______BMO Precious Metals Fund Issuer Name: BMO Resource Fund Mackenzie Canadian Aggregate Bond Index ETF BMO Fixed Income ETF Portfolio Mackenzie Canadian All Corporate Bond Index ETF BMO Income ETF Portfolio Mackenzie Canadian Equity Index ETF BMO Conservative ETF Portfolio Mackenzie Canadian Large Cap Equity Index ETF BMO Balanced ETF Portfolio Mackenzie Canadian Short-Term Bond Index ETF BMO Growth ETF Portfolio Mackenzie China A-Shares CSI 300 Index ETF BMO Equity Growth ETF Portfolio Mackenzie International Equity Index ETF BMO U.S. Dollar Balanced Fund Mackenzie International Equity Index ETF (CAD-Hedged) BMO U.S. Dollar Dividend Fund Mackenzie US High Yield Bond Index ETF (CAD-Hedged) BMO U.S. Dollar Equity Index Fund Mackenzie US Investment Grade Corporate Bond Index BMO U.S. Dollar Money Market Fund ETF (CAD-Hedged) BMO U.S. Dollar Monthly Income Fund Mackenzie US Large Cap Equity Index ETF BMO Asian Growth and Income Class Mackenzie US Large Cap Equity Index ETF (CAD Hedged) BMO Canadian Equity Class Mackenzie US TIPS Index ETF (CAD-Hedged) BMO Dividend Class Principal Regulator – Ontario BMO Global Dividend Class Type and Date: BMO Global Energy Class Preliminary Long Form Prospectus dated November 13, BMO Global Equity Class 2017 BMO Global Low Volatility ETF Class NP 11-202 Preliminary Receipt dated November 14, 2017 BMO Greater China Class Offering Price and Description: BMO International Value Class Units BMO U.S. Equity Class Underwriter(s) or Distributor(s): BMO SelectClass® Income Portfolio N/A BMO SelectClass® Balanced Portfolio Promoter(s): BMO SelectClass® Growth Portfolio MACKENZIE FINANCIAL CORPORATION BMO SelectClass® Equity Growth Portfolio Project #2694289 BMO Income ETF Portfolio Class BMO Balanced ETF Portfolio Class ______BMO Growth ETF Portfolio Class BMO Equity Growth ETF Portfolio Class BMO LifeStage Plus 2022 Fund BMO LifeStage Plus 2025 Fund BMO LifeStage Plus 2026 Fund BMO LifeStage Plus 2030 Fund BMO FundSelect® Income Portfolio BMO FundSelect® Balanced Portfolio BMO FundSelect® Growth Portfolio BMO FundSelect® Equity Growth Portfolio Principal Regulator – Ontario Type and Date: Amendment #1 to Final Simplified Prospectus dated November 10, 2017

November 23, 2017 (2017), 40 OSCB 9446

IPOs, New Issues and Secondary Financings

NP 11-202 Receipt dated November 16, 2017 Issuer Name: Offering Price and Description: DMP Power Global Growth Class series A, F, F, F2, F4, F6, G, D, I, M, T5, T6, T8, Advisor DMP Resource Class Series, Classic Series, BMO Private U.S. Dollar Money DMP Value Balanced Class Market Fund Series O, and NBA @ Net Asset Value Dynamic Advantage Bond Class Underwriter(s) or Distributor(s): Dynamic Advantage Bond Fund BMO Investments Inc. Dynamic Alternative Yield Class Promoter(s): Dynamic Alternative Yield Fund BMO Investments Inc. Dynamic American Class Project #2596960 Dynamic American Fund Dynamic Total Return Bond Class ______Dynamic Total Return Bond Fund Issuer Name: Dynamic Blue Chip Balanced Fund Caldwell Canadian Value Momentum Fund Dynamic Blue Chip Equity Fund Principal Regulator – Ontario Dynamic Blue Chip U.S. Balanced Class Type and Date: Dynamic Canadian Bond Fund Amendment #1 to Final Simplified Prospectus dated Dynamic Canadian Dividend Fund September 29, 2017 Dynamic Canadian Value Class NP 11-202 Receipt dated November 17, 2017 Dynamic Corporate Bond Strategies Class Offering Price and Description: Dynamic Corporate Bond Strategies Fund Series F and O Units @ Net Asset Value Dynamic Credit Spectrum Fund Underwriter(s) or Distributor(s): Dynamic Diversified Real Asset Fund Caldwell Securities Ltd. Dynamic Dividend Advantage Class Promoter(s): Dynamic Dividend Advantage Fund N/A Dynamic Dividend Fund Project #2640739 Dynamic Dividend Income Class Dynamic Dividend Income Fund ______Dynamic Dollar-Cost Averaging Fund Dynamic Energy Income Fund Dynamic Equity Income Fund Dynamic European Equity Fund Dynamic Asia Pacific Equity Fund Dynamic Financial Services Fund Dynamic Global All-Terrain Fund Dynamic Global Asset Allocation Class Dynamic Global Asset Allocation Fund Dynamic Global Balanced Fund Dynamic Global Discovery Class Dynamic Global Discovery Fund Dynamic Global Dividend Class Dynamic Global Dividend Fund Dynamic Global Equity Fund Dynamic Global Equity Income Fund Dynamic Global Infrastructure Class Dynamic Global Infrastructure Fund Dynamic Global Real Estate Fund Dynamic Global Strategic Yield Fund Dynamic International Equity Fund Dynamic High Yield Bond Fund Dynamic Investment Grade Floating Rate Fund Dynamic Money Market Class Dynamic Money Market Fund Dynamic Power American Growth Class Dynamic Power American Growth Fund Dynamic Power Balanced Fund Dynamic Power Canadian Growth Fund Dynamic Power Global Balanced Class Dynamic Power Global Growth Class Dynamic Power Global Growth Fund Dynamic Power Global Navigator Class Dynamic Power Small Cap Fund Dynamic Precious Metals Fund Dynamic Preferred Yield Class

November 23, 2017 (2017), 40 OSCB 9447

IPOs, New Issues and Secondary Financings

Dynamic Premium Yield Class Issuer Name: Dynamic Premium Yield Fund Invesco Advantage Bond Fund Dynamic Short Term Bond Fund Invesco Allocation Fund Dynamic Small Business Fund Invesco Canada Money Market Fund Dynamic Strategic Energy Class Invesco Canadian Balanced Fund Dynamic Strategic Gold Class Invesco Canadian Bond Class DynamicEdge Balanced Income Portfolio Invesco Canadian Bond Fund Dynamic Strategic Resource Class Invesco Canadian Premier Growth Class Dynamic Strategic Yield Class Invesco Canadian Premier Growth Fund Dynamic Strategic Yield Fund Invesco Core Canadian Balanced Class Dynamic U.S. Dividend Advantage Fund Invesco European Growth Class Dynamic U.S. Equity Income Fund Invesco Floating Rate Income Fund Dynamic U.S. Monthly Income Fund Invesco Global Bond Fund Dynamic U.S. Sector Focus Class Invesco Global Dividend Income Fund Dynamic U.S. Strategic Yield Fund Invesco Global Growth Class Dynamic Value Balanced Class Invesco Global High Yield Bond Fund Dynamic Value Balanced Fund Invesco Global Monthly Income Fund Dynamic Value Fund of Canada Invesco Global Real Estate Fund DynamicEdge Balanced Class Portfolio Invesco Indo-Pacific Fund DynamicEdge Balanced Growth Class Portfolio Invesco Intactive 2023 Portfolio DynamicEdge Balanced Growth Portfolio Invesco Intactive 2028 Portfolio DynamicEdge Balanced Portfolio Invesco Intactive 2033 Portfolio DynamicEdge Conservative Class Portfolio Invesco Intactive 2038 Portfolio DynamicEdge Defensive Portfolio Invesco Intactive Balanced Growth Portfolio DynamicEdge Equity Class Portfolio Invesco Intactive Balanced Growth Portfolio DynamicEdge Equity Portfolio Invesco Intactive Balanced Income Portfolio DynamicEdge Growth Class Portfolio Invesco Intactive Balanced Income Portfolio Class DynamicEdge Growth Portfolio Invesco Intactive Diversified Income Portfolio Principal Regulator – Ontario Invesco Intactive Diversified Income Portfolio Type and Date: Invesco Intactive Growth Portfolio Final Simplified Prospectus dated November 17, 2017 Invesco Intactive Growth Portfolio Class NP 11-202 Receipt dated November 20, 2017 Invesco Intactive Maximum Growth Portfolio Offering Price and Description: Invesco Intactive Maximum Growth Portfolio Class Series A, F, FH, FL, FN, FT, H, I, IP, IT, O, OP and T units Invesco International Growth Class and Series A, F, FH, FT, G, H, I, IP, IT, O and T shares @ Invesco International Growth Fund Net Asset Value Invesco Select Canadian Equity Fund Underwriter(s) or Distributor(s): Invesco Short-Term Bond Fund 1832 Asset Management L.P. Invesco Short-Term Income Class GCIC Ltd. Invesco Strategic Yield Fund Promoter(s): PowerShares 1-5 Year Laddered Corporate Bond Index N/A Fund Project #2683052 PowerShares Canadian Dividend Index Class PowerShares Canadian Low Volatility Index Class ______PowerShares Canadian Preferred Share Index Class Issuer Name: PowerShares FTSE RAFI® Canadian Fundamental Index First Trust AlphaDEX U.S. Dividend ETF (CAD-Hedged) Class Principal Regulator – Ontario PowerShares FTSE RAFI® Emerging Markets Type and Date: Fundamental Class Amendment #4 to Final Long Form Prospectus dated PowerShares FTSE RAFI® Global+ Fundamental Fund November 10, 2017 PowerShares FTSE RAFI® U.S. Fundamental Fund NP 11-202 Receipt dated November 16, 2017 PowerShares Global Dividend Achievers Fund Offering Price and Description: PowerShares High Yield Corporate Bond Index Fund Advisor Class Units and Common Units PowerShares Monthly Income Fund Underwriter(s) or Distributor(s): PowerShares Real Return Bond Index Fund FT Portfolios Canada Co. PowerShares Tactical Bond Fund Promoter(s): PowerShares U.S. Low Volatility Index Fund FT Portfolios Canada Co. Trimark Canadian Class Project #2600148 Trimark Canadian Endeavour Fund Trimark Canadian Fund ______Trimark Canadian Opportunity Class Trimark Canadian Opportunity Fund Trimark Canadian Plus Dividend Class Trimark Canadian Small Companies Fund

November 23, 2017 (2017), 40 OSCB 9448

IPOs, New Issues and Secondary Financings

Trimark Diversified Yield Class Issuer Name: Trimark Emerging Markets Class Pinnacle Balanced Portfolio Trimark Energy Class Pinnacle Growth Portfolio Trimark Europlus Fund Pinnacle Income Portfolio Trimark Fund Scotia Aria Conservative Build Portfolio Trimark Global Balanced Class Series Scotia Aria Conservative Core Portfolio Trimark Global Balanced Fund Scotia Aria Conservative Pay Portfolio Trimark Global Diversified Income Fund Scotia Aria Moderate Build Portfolio Trimark Global Dividend Class Scotia Aria Moderate Core Portfolio Trimark Global Endeavour Class Scotia Aria Moderate Pay Portfolio Trimark Global Endeavour Fund Scotia Aria Progressive Build Portfolio Trimark Global Fundamental Equity Class Scotia Aria Progressive Core Portfolio Trimark Global Fundamental Equity Fund Scotia Aria Progressive Pay Portfolio Trimark Global Small Companies Class Scotia Balanced Opportunities Fund Trimark Income Growth Fund Scotia Bond Fund Trimark Interest Fund Scotia Canadian Balanced Fund Trimark International Companies Class Scotia Canadian Blue Chip Fund Trimark International Companies Fund Scotia Canadian Bond Index Fund Trimark Resources Fund Scotia Canadian Dividend Fund Trimark Select Balanced Fund Scotia Canadian Growth Fund Trimark U.S. Companies Class Scotia Canadian Income Fund Trimark U.S. Companies Fund Scotia Canadian Index Fund Trimark U.S. Money Market Fund Scotia Canadian Small Cap Fund Trimark U.S. Small Companies Class Scotia Conservative Income Fund Principal Regulator – Ontario Scotia Diversified Monthly Income Fund Type and Date: Scotia Dividend Balanced Fund Amendment #1 to Final Simplified Prospectus dated Scotia European Fund November 2, 2017 Scotia Floating Rate Income Fund NP 11-202 Receipt dated November 17, 2017 Scotia Global Balanced Fund Offering Price and Description: Scotia Global Bond Fund – Scotia Global Dividend Fund Underwriter(s) or Distributor(s): Scotia Global Growth Fund N/A Scotia Global Opportunities Fund Promoter(s): Scotia Global Small Cap Fund Invesco Canada Ltd. Scotia Income Advantage Fund Project #2636650 Scotia INNOVA Balanced Growth Portfolio Scotia INNOVA Balanced Income Portfolio ______Scotia INNOVA Growth Portfolio Scotia INNOVA Income Portfolio Scotia INNOVA Maximum Growth Portfolio Scotia International Index Fund Scotia International Value Fund Scotia Latin American Fund Scotia Money Market Fund Scotia Mortgage Income Fund Scotia Nasdaq Index Fund Scotia Pacific Rim Fund Scotia Partners Balanced Growth Portfolio Scotia Partners Balanced Income Portfolio Scotia Partners Growth Portfolio Scotia Partners Income Portfolio Scotia Partners Maximum Growth Portfolio Scotia Private American Core-Plus Bond Pool Scotia Private Canadian All Cap Equity Pool Scotia Private Canadian Corporate Bond Pool Scotia Private Canadian Equity Pool Scotia Private Canadian Growth Pool Scotia Private Canadian Mid Cap Pool Scotia Private Canadian Preferred Share Pool Scotia Private Canadian Small Cap Pool Scotia Private Canadian Value Pool Scotia Private Emerging Markets Pool Scotia Private Fundamental Canadian Equity Pool

November 23, 2017 (2017), 40 OSCB 9449

IPOs, New Issues and Secondary Financings

Scotia Private Global Credit Pool Issuer Name: Scotia Private Global Equity Pool PowerShares Ultra Liquid Long Term Government Bond Scotia Private Global High Yield Pool Index ETF Scotia Private Global Infrastructure Pool Principal Regulator – Ontario Scotia Private Global Low Volatility Equity Pool Type and Date: Scotia Private Global Real Estate Pool Amendment #2 to Final Long Form Prospectus dated Scotia Private High Yield Income Pool November 8, 2017 Scotia Private Income Pool NP 11-202 Receipt dated November 14, 2017 Scotia Private International Core Equity Pool Offering Price and Description: Scotia Private International Equity Pool – Scotia Private International Small to Mid Cap Value Pool Underwriter(s) or Distributor(s): Scotia Private North American Dividend Pool N/A Scotia Private Options Income Pool Promoter(s): Scotia Private Real Estate Income Pool INVESCO CANADA LTD. Scotia Private Short Term Income Pool Project #2575422 Scotia Private Short-Mid Government Bond Pool Scotia Private Strategic Balanced Pool ______Scotia Private Total Return Bond Pool Issuer Name: Scotia Private U.S. Dividend Pool Sphere FTSE Asia Sustainable Yield Index ETF Scotia Private U.S. Large Cap Growth Pool Sphere FTSE Canada Sustainable Yield Index ETF Scotia Private U.S. Mid Cap Value Pool Sphere FTSE Emerging Markets Sustainable Yield Index Scotia Private U.S. Value Pool ETF Scotia Resource Fund Sphere FTSE Europe Sustainable Yield Index ETF Scotia Selected Balanced Growth Portfolio Sphere FTSE US Sustainable Yield Index ETF Scotia Selected Balanced Income Portfolio Principal Regulator – Ontario Scotia Selected Growth Portfolio Type and Date: Scotia Selected Income Portfolio Amendment #1 to Final Long Form Prospectus dated Scotia Selected Maximum Growth Portfolio November 10, 2017 Scotia Short Term Bond Fund NP 11-202 Receipt dated November 16, 2017 Scotia T-Bill Fund Offering Price and Description: Scotia U.S. $ Balanced Fund Units Scotia U.S. $ Bond Fund Underwriter(s) or Distributor(s): Scotia U.S. $ Money Market Fund N/A Scotia U.S. Blue Chip Fund Promoter(s): Scotia U.S. Dividend Fund N/A Scotia U.S. Index Fund Project #2584700 Scotia U.S. Opportunities Fund Principal Regulator – Ontario ______Type and Date: Issuer Name: Final Simplified Prospectus dated November 14, 2017 Sun Life Infrastructure Fund NP 11-202 Receipt dated November 15, 2017 Principal Regulator – Ontario Offering Price and Description: Type and Date: Series A, Series D, Series F, Series I, Series K, Series M, Amendment #3 to Final Simplified Prospectus dated Series T, Series TL, Series T, Series TH, Premium Series, November 10, 2017 Premium TL Series, Premium T Series, Premium TH Series NP 11-202 Receipt dated November 14, 2017 and Pinnacle Series units @ net asset value Offering Price and Description: Underwriter(s) or Distributor(s): – Scotia Capital Inc. Underwriter(s) or Distributor(s): Scotia Securities Inc. N/A Scotia Capital Inc.(for Pinnacle Class and Class F units Promoter(s): only) Sun Life Global Investments (Canada) Inc. Scotia Capital Inc. (for Pinnacle Series only) Project #2559217 1832 Asset Management L.P. Scotia Capital Inc. (for Class A and F units only) ______Promoter(s): 1832 Asset Management L.P. Project #2680356

______

November 23, 2017 (2017), 40 OSCB 9450

IPOs, New Issues and Secondary Financings

Issuer Name: Timbercreek Global Real Estate Income Fund Principal Regulator – Ontario Type and Date: Amendment #1 to Final Simplified Prospectus dated November 10, 2017 NP 11-202 Receipt dated November 14, 2017 Offering Price and Description: Series A, Series AX, Series AY, Series F, Series FX, Series FY and Series I units Underwriter(s) or Distributor(s): N/A Promoter(s): N/A Project #2623910

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November 23, 2017 (2017), 40 OSCB 9451

IPOs, New Issues and Secondary Financings

NON-INVESTMENT FUNDS

Issuer Name: Issuer Name: Agnico Eagle Mines Limited Condor Gold plc Principal Regulator – Ontario Type and Date: Type and Date: Preliminary Long Form Prospectus dated November 14, Preliminary Shelf Prospectus dated November 17, 2017 2017 NP 11-202 Preliminary Receipt dated November 17, 2017 (Preliminary) Receipted on November 14, 2017 Offering Price and Description: Offering Price and Description: Debt Securities – Common Shares Underwriter(s) or Distributor(s): Warrants – US$500,000,000.00 Promoter(s): Underwriter(s) or Distributor(s): – – Project #2694653 Promoter(s): – ______Project #2696630 Issuer Name: Excelsior Mining Corp. ______Principal Regulator – British Columbia Issuer Name: Type and Date: Akumin Inc. Preliminary Shelf Prospectus dated November 16, 2017 Principal Regulator – Ontario NP 11-202 Preliminary Receipt dated November 16, 2017 Type and Date: Offering Price and Description: Amendment dated November 16, 2017 to Preliminary Long US$30,000,000.00 – Common Shares, Debt Securities, Form Prospectus dated October 13, 2017 Subscription Receipts, Units, Warrants, Share Purchase NP 11-202 Preliminary Receipt dated November 16, 2017 Contracts Offering Price and Description: Underwriter(s) or Distributor(s): 10,484,790 Common Shares Issuable Upon the Exercise of – 9,940,773 Special Warrants and Promoter(s): 544,017 Broker Warrants – Underwriter(s) or Distributor(s): Project #2696304 Clarus Securities Inc. Promoter(s): ______– Issuer Name: Project #2683127 Fairfax India Holdings Corporation Principal Regulator – Ontario ______Type and Date: Issuer Name: Preliminary Shelf Prospectus dated November 14, 2017 Cannabis Strategies Acquisition Corp. NP 11-202 Preliminary Receipt dated November 15, 2017 Principal Regulator – Ontario Offering Price and Description: Type and Date: US$1,500,000,000.00 – Subordinate Voting Shares, Amendment dated November 15, 2017 to Preliminary Long Preference Shares, Debt Securities, Subscription Receipts, Form Prospectus dated November 13, 2017 Warrants, Units NP 11-202 Preliminary Receipt dated November 15, 2017 Underwriter(s) or Distributor(s): Offering Price and Description: – $125,000,000.00 Promoter(s): 12,500,000 Class A Restricted Voting Units Fairfax Financial Holdings Limited Price: $10.00 per Class A Restricted Voting Unit Project #2695011 Underwriter(s) or Distributor(s): Canaccord Genuity Corp. ______Promoter(s): Mercer Park CB, L.P. Project #2694302

______

November 23, 2017 (2017), 40 OSCB 9452

IPOs, New Issues and Secondary Financings

Issuer Name: Issuer Name: Golden Queen Mining Co. Ltd. MedReleaf Corp. Principal Regulator – British Columbia Principal Regulator – Ontario Type and Date: Type and Date: Preliminary Short Form Prospectus dated November 10, Preliminary Short Form Prospectus dated November 17, 2017 2017 NP 11-202 Preliminary Receipt dated November 14, 2017 NP 11-202 Preliminary Receipt dated November 17, 2017 Offering Price and Description: Offering Price and Description: US$25,000,000.00 6,072,600 Common Shares Offering of Rights to Subscribe for up to [*] Common $100,501,530.00 Shares at a Price of US$[*] per Common Share Price: $16.55 per Common Share Underwriter(s) or Distributor(s): Underwriter(s) or Distributor(s): – GMP Securities L.P. Promoter(s): Canaccord Genuity Corp. – Clarus Securities Inc. Project #2694354 Cormark Securities Inc. PI Financial Corp. ______Promoter(s): Issuer Name: – Killam Apartment Real Estate Investment Trust Project #2694807 Principal Regulator – Nova Scotia Type and Date: ______Preliminary Short Form Prospectus dated November 15, Issuer Name: 2017 Morguard Corporation NP 11-202 Preliminary Receipt dated November 15, 2017 Principal Regulator – Ontario Offering Price and Description: Type and Date: $70,053,500.00 – 5,170,000 Trust Units Preliminary Shelf Prospectus dated November 16, 2017 Price: $13.55 per Unit NP 11-202 Preliminary Receipt dated November 16, 2017 Underwriter(s) or Distributor(s): Offering Price and Description: RBC Dominion Securities Inc. $600,000,000.00 BMO Nesbitt Burns Inc. Debt Securities CIBC World Markets Inc. Underwriter(s) or Distributor(s): Scotia Capital Inc. – TD Securities Inc. Promoter(s): Canaccord Genuity Corp. – National Bank Financial Inc. Project #2696270 Raymond James Ltd. Desjardins Securities Inc. ______GMP Securities L.P. Issuer Name: Brookfield Financial Securities LP Titan Medical Inc. Industrial Alliance Securities Inc. Principal Regulator – Ontario Promoter(s): Type and Date: – Preliminary Short Form Prospectus dated November 14, Project #2693375 2017 NP 11-202 Preliminary Receipt dated November 14, 2017 ______Offering Price and Description: Minimum: CDN $[*] ([*] Units) Maximum: CDN $[*] ([*] Units) Price: CDN $[*] per Unit Underwriter(s) or Distributor(s): Bloom Burton Securities Inc. Promoter(s): – Project #2694805

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November 23, 2017 (2017), 40 OSCB 9453

IPOs, New Issues and Secondary Financings

Issuer Name: Issuer Name: Titan Medical Inc. Woodbridge Ventures Inc. Principal Regulator – Ontario Principal Regulator – Ontario Type and Date: Type and Date: Amendment dated November 16, 2017 to Preliminary Short Amendment dated November 14, 2017 to Preliminary CPC Form Prospectus dated November 14, 2017 Prospectus (TSX-V) dated August 16, 2017 NP 11-202 Preliminary Receipt dated November 17, 2017 NP 11-202 Preliminary Receipt dated November 16, 2017 Offering Price and Description: Offering Price and Description: Minimum: CDN $13,000,000.00 (26,000,000 Units) Maximum Offering: $500,000.00 or 5,000,000 Common Maximum: CDN $15,000,000.00 (30,000,000 Units) Shares Price: CDN $0.50 per Unit Minimum Offering: $350,000.00 or 3,500,000 Common Underwriter(s) or Distributor(s): Shares Bloom Burton Securities Inc. Price: $0.10 per Common Share Promoter(s): Agent’s Option (as hereinafter defined) – Incentive Stock Options (as hereinafter defined) Project #2694805 Underwriter(s) or Distributor(s): Chippingham Financial Group Limited ______Promoter(s): Issuer Name: Velibor Colovic Whitecap Resources Inc. Project #2661639 Principal Regulator – Alberta (ASC) Type and Date: ______Preliminary Short Form Prospectus dated November 17, Issuer Name: 2017 Baylin Technologies Inc. NP 11-202 Preliminary Receipt dated November 17, 2017 Principal Regulator – Ontario Offering Price and Description: Type and Date: 37,785,000 Subscription Receipts each Final Shelf Prospectus dated November 16, 2017 representing the right to receive one Common Share NP 11-202 Receipt dated November 16, 2017 Price $8.80 per Subscription Receipt Offering Price and Description: Underwriter(s) or Distributor(s): $100,000,000.00 – Common Shares, Preferred Shares, National Bank Financial Inc. Debt Securities, Subscription Receipts, Units, Warrants TD Securities Inc. Underwriter(s) or Distributor(s): Scotia Capital Inc. – GMP Securities L.P. Promoter(s): Peters & Co. Limited – RBC Dominion Securities Inc. Project #2683191 BMO Nesbitt Burns Inc. CIBC World Markets Inc. ______Cormark Securities Inc. Issuer Name: AltaCorp Capital Inc. iAnthus Capital Holdings, Inc. Macquarie Capital Markets Canada Ltd. Principal Regulator – Ontario Canaccord Genuity Corp. Type and Date: Promoter(s): Final Short Form Prospectus dated November 14, 2017 – NP 11-202 Receipt dated November 14, 2017 Project #2694459 Offering Price and Description: Up to $10,455,000.00 ______Up to 6,150,000 Common Shares Price: $1.70 per Common Share Underwriter(s) or Distributor(s): Canaccord Genuity Corp. Beacon Securities Limited Cormark Securities Inc. Echelon Wealth Partners Inc. Haywood Securities Inc. Promoter(s): Hadley Ford Project #2683985

______

November 23, 2017 (2017), 40 OSCB 9454

IPOs, New Issues and Secondary Financings

Issuer Name: Issuer Name: Intact Financial Corporation Sunniva Inc. Principal Regulator – Ontario Principal Regulator – British Columbia Type and Date: Type and Date: Final Shelf Prospectus dated November 15, 2017 Final Long Form Prospectus dated November 16, 2017 NP 11-202 Receipt dated November 16, 2017 NP 11-202 Receipt dated November 17, 2017 Offering Price and Description: Offering Price and Description: $7,000,000,000.00 – Debt Securities, Class A Shares, $582,207.75 – 94,878 Common Shares Issuable on Common Shares, Subscription Receipts, Warrants, Share Exercise of 86,253 Special Warrants Purchase Contracts, Units at a price of $6.75 Underwriter(s) or Distributor(s): Underwriter(s) or Distributor(s): – Canaccord Genuity Corp. Promoter(s): Beacon Securities Limited – Promoter(s): Project #2692404 – Project #2678116 ______Issuer Name: ______POCML 4 Inc. Principal Regulator – Ontario Type and Date: Final CPC Prospectus (TSX-V) dated November 14, 2017 NP 11-202 Receipt dated November 15, 2017 Offering Price and Description: $200,000.00 – 2,000,000 Common Shares Price: $0.10 per Common Share Underwriter(s) or Distributor(s): Industrial Alliance Securities Inc. Promoter(s): – Project #2683986

______Issuer Name: QYOU Media Inc. Principal Regulator – Ontario Type and Date: Final Short Form Prospectus dated November 16, 2017 NP 11-202 Receipt dated November 16, 2017 Offering Price and Description: $5,000,180.00 – 13,514,000 Units Price – $0.37 per Unit Underwriter(s) or Distributor(s): Clarus Securities Inc. Promoter(s): – Project #2690588

______

November 23, 2017 (2017), 40 OSCB 9455

IPOs, New Issues and Secondary Financings

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November 23, 2017 (2017), 40 OSCB 9456

Chapter 12

Registrations

12.1.1 Registrants

Type Company Category of Registration Effective Date

Investment Fund Manager New Registration White Crane Capital Corp. November 15, 2017 and Exempt Market Dealer

Exempt Market Dealer, From: Breton Hill Capital Ltd. Portfolio Manager,

Name Change Investment Fund Manager October 31, 2017 To: Neuberger Berman and Commodity Trading Breton Hill ULC Manager Voluntary Surrender Superstar Investment Corp. Mutual Fund Dealer November 16, 2017

Consent to Suspension PUR Investing Inc. Portfolio Manager November 16, 2017 (Pending Surrender)

Voluntary Surrender DIAM Capital Markets Inc. Exempt Market Dealer November 9, 2017 From: Restricted Portfolio Manager and Exempt Market Change in Registration Greypoint Capital Inc. Dealer November 17, 2017 Category

To: Exempt Market Dealer

November 23, 2017 (2017), 40 OSCB 9457

Registrations

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November 23, 2017 (2017), 40 OSCB 9458

Chapter 13

SROs, Marketplaces, Clearing Agencies and Trade Repositories

13.2 Marketplaces

13.2.1 TSX Inc. – Enhancements to Dark Trading Functionality – Notice of Proposed Changes and Request for Comment

TSX INC.

NOTICE OF PROPOSED CHANGES AND REQUEST FOR COMMENTS

ENHANCEMENTS TO DARK TRADING FUNCTIONALITY

TSX Inc. (“TSX”) is publishing this Notice of Proposed Changes in accordance with the “Process for the Review and Approval of Rules and the Information Contained in Form 21-101F1 and the Exhibits Thereto".

Market participants are invited to provide comments on the proposed changes. Comments should be in writing and delivered by December 29, 2017 to:

Carina Kwan Legal Counsel, Regulatory Affairs TMX Group The Exchange Tower 130 King Street West Toronto, Ontario M5X 1J2 Email: [email protected]

A copy should also be provided to:

Market Regulation Branch Ontario Securities Commission 20 Queen Street West Toronto, Ontario M5H 3S8 Email: [email protected]

Comments will be made publicly available unless confidentiality is requested. Upon completion of the review by Commission staff, and in the absence of any regulatory concerns, notice will be published to confirm completion of Commission staff’s review and the Commission’s approval.

Background

TSX is seeking to introduce further enhancements to its current dark trading functionality by adding a new midpoint pegged order type that will allow users to specify that the order is executable only against other similarly designated dark midpoint pegged orders.

The new order type will be referred to as the Contra Midpoint Only (CMO) order.

Details and Rationale

The CMO order will allow users to simulate the functionality of a dark midpoint match facility by limiting interactions to orders that want to trade at the midpoint, but only with other orders that have the same objective. The CMO provides users with an alternative to midpoint match functionality available on standalone dark markets.

The CMO order will function in the same way as TSX’s current Midpoint pegged order, except as outlined below:

• CMO orders will only execute against other CMO orders.

November 23, 2017 (2017), 40 OSCB 9459

SROs, Marketplaces, Clearing Agencies and Trade Repositories

All attributes and features, such as the Minimum Quantity (MinQty), Minimum Interaction Size (MIS) and Post Only features, are eligible for use on a CMO order. They will function in the same way as when used currently on a Midpoint pegged order, except that these features are only applied when determining the potential for a match between two CMO orders. Information on these attributes and features is available in TSX’s Dark Liquidity Guide.1

CMO orders will only trade at the midpoint of the protected NBBO. Priority allocation for CMO orders will follow standard TSX priority for dark orders at the same price level – being broker, then time.

The matching of two CMO orders will occur irrespective of any non-CMO dark orders resting on the TSX order book at a better price, or at the same price (i.e., midpoint) with higher time priority. As indicated earlier, one of the intended objectives of the CMO order is to allow participants to simulate the functionality of a dark midpoint match facility – the bypassing of other resting dark orders on TSX produces a similar result for those orders as if the midpoint match occurred on a standalone venue, and arises by virtue of the choices of venue and order conditions applied by all parties involved. Further, we note that the potential for a trade at the midpoint on TSX that bypasses other resting dark liquidity could arise today depending on conditions imposed on the orders. (See Examples 4 and 4.1 in Appendix A to this notice for an example of a CMO trade that bypasses other dark resting liquidity, along with a comparable outcome involving an incoming non-CMO Midpoint order.)

TSX will have the ability to specify a minimum size restriction applicable to the entry of CMO orders (for example, 5 boardlots). The purpose of this would be to promote larger size executions and reduce potential for information leakage by requiring some level of commitment greater than a single boardlot. TSX may choose to initially set the minimum size restriction at 1 boardlot to allow TSX the ability to assess the need for the restriction based on CMO usage and experience. This would also allow more flexibility to users, while still providing them with the ability to seek size and manage any information leakage concerns through use of the MinQty and MIS features. Additional specifics relating to the minimum size restriction are as follows:

• Any CMO order that does not meet the minimum size upon entry will be rejected.

• Any CFO instruction to reduce a CMO order to a volume below the minimum size requirement will be rejected.

• A CMO order that has had its volume traded down to below the minimum size requirement will be eligible to be / remain booked and tradeable.

• Any minimum size restriction imposed by TSX, or changes thereto, will be made public via notice from TSX.

Examples of CMO functionality are provided in Appendix A to this notice.

Expected Date of Implementation

The proposed changes are expected to become effective in Q2 2018.

Expected Impact

TSX is enhancing its current dark trading functionality to offer additional means of trading dark on TSX. TSX believes the CMO will provide an alternative to mid-point match functionality on standalone dark markets without the added burden, complexity and costs for industry associated with an additional (new) trading venue.

Expected Impact of Proposed Changes on the Exchange’s Compliance with Ontario Securities Law

The proposed changes will not impact TSX’s compliance with Ontario securities law and in particular the requirements for fair access and maintenance of fair and orderly markets. TSX will continue to apply appropriate execution logic to ensure conformance with dark price improvement requirements under section 6.6 of UMIR.

Estimated Time Required by Members and Service Vendors to Modify Their Own Systems after Implementation of the Proposed Changes

The midpoint peg functionality of the CMO order exists today on a variety of Canadian markets, including TSX and TSXV. Implementation for users will involve specification of a new pegged order value to identify the order as a CMO. Users will also need to ensure the size of the CMO meets any specified minimum size requirement imposed by TSX.

Based on current planned implementation timelines, we anticipate that at least 90 days will be provided between regulatory approval of the proposed change and implementation which should be sufficient to allow adoption by those that wish to take advantage of the CMO order feature.

1 Available at: https://www.tsx.com/resource/en/3/dark-liquidity-guide-2017-09-20-en.pdf.

November 23, 2017 (2017), 40 OSCB 9460

SROs, Marketplaces, Clearing Agencies and Trade Repositories

Do the Changes Currently Exist in Other Markets or Jurisdictions

As indicated above, the midpoint peg functionality of the CMO order exists today on a variety of Canadian markets, including TSX and TSXV. The CMO introduces a new pegged order type that limits the circumstances in which it will trade against a contra-side order. Applying conditions like this are not uncommon for dark orders – for example, both the MinQty and MIS features on TSX and TSXV (and the comparable features on other Canadian marketplaces such as MATCHNow and Nasdaq CXC) represent conditions that limit execution based on the nature or characteristics of the contra-side orders.

Nasdaq (US) has proposed to implement a Midpoint Extended Life Order (M-ELO) which includes a similar midpoint-only functionality but combines the feature with a delay mechanism.2

2 See SEC File No. SR-NASDAQ-2017-074 for public filings related to Nasdaq’s proposed M-ELO order.

November 23, 2017 (2017), 40 OSCB 9461

SROs, Marketplaces, Clearing Agencies and Trade Repositories

APPENDIX A

EXAMPLES INVOLVING CONTRA MIDPOINT ONLY ORDER

The following examples demonstrate the proposed functionality for CMO orders.

Example 1: Requirement for both sides to be CMO for match to occur, otherwise resting CMO can be bypassed

Book as follows:

Order BID order Lit / Dark Timestamp Volume BID ASK Ref # type PNBBO 10.00 10.05 TSX 1 CMO Dark 10:00:01 5,500 10.025 TSX 2 Midpoint Dark 10:00:07 1,000 10.025 (non-CMO) TSX 3 Limit Visible 10:00:03 2,000 10.00

Action: Order #4 received – A sell visible limit order for 2,000 shares at $10.00.

Result: Order #4 will trade 1,000 shares against Order #2 at the midpoint ($10.025) and 1,000 shares against booked visible limit Order #3 at $10.00 on the basis that the better-priced resting CMO buy order will only interact with another CMO order.

Example 2: Matching of two CMO orders

Book as follows:

Action: Order #4 received – A sell CMO order for 2,000 shares.

Result: Order #4 will trade 2,000 shares against Order #1 at the midpoint ($10.025) on the basis that both orders are CMO orders and are otherwise eligible.

Example 3: Execution at midpoint involving incoming non-CMO Midpoint order

Book as follows:

Order BID order Lit / Dark Timestamp Volume BID ASK Ref # type PNBBO 10.00 10.05 TSX 1 Limit Dark 10:00:05 1,000 10.03 TSX 2 CMO Dark 10:00:01 5,500 10.025 TSX 3 Midpoint Dark 10:00:07 2,000 10.025 (non-CMO)

November 23, 2017 (2017), 40 OSCB 9462

SROs, Marketplaces, Clearing Agencies and Trade Repositories

Action: Order #4 received – A sell non-CMO Midpoint order for 4,000 shares marked IOC.

Result: Order #4 will trade 1,000 shares against Order #1 at the midpoint ($10.025) as is currently applicable for the execution of an incoming Midpoint order against a better-priced contra dark limit, and will trade 2,000 shares against Order #3 at the midpoint ($10.025), bypassing CMO Order #2. CMO Order #2 does not receive a fill because the incoming sell Midpoint order is not similarly marked CMO. The 1,000 shares remaining for Order #4 is cancelled back as it was marked IOC and cannot trade against Order #2.

Example 4: Execution at midpoint involving two CMO orders, with bypassing of other resting dark orders

Book as follows:

Order BID order Lit / Dark Timestamp Volume BID ASK Ref # type PNBBO 10.00 10.05 TSX 1 Limit Dark 10:00:05 1,000 10.03 TSX 2 Midpoint Dark 10:00:02 2,000 10.025 (non-CMO) TSX 3 CMO Dark 10:00:09 5,500 10.025

Action: Order #4 received – A sell CMO order for 4,000 shares marked IOC.

Result: Order #4 will trade 4,000 shares against Order #3 at the midpoint ($10.025), on the basis that Order #4 will only interact with a contra-side CMO order. Orders #1 and #2 are bypassed despite being better priced and/or having better time priority, by virtue of being non-CMO. (Note: Order #1 is only executable against an incoming Midpoint order at the midpoint.)

Example 4.1: Similar outcome as Example 4 by virtue of other order conditions

Book as follows:

Order BID order Lit / Dark Timestamp Volume BID ASK Ref # type PNBBO 10.00 10.05 TSX 1 Limit Dark 10:00:05 1,000 10.03 TSX 2 Midpoint Dark 10:00:02 2,000 10.025 (non-CMO) TSX 3 Midpoint Dark 10:00:09 5,500 10.025 (non-CMO)

Action: Order #4 received – A sell non-CMO Midpoint order for 4,000 shares with MIS of 2,500 shares.

Result: Order #4 will trade 4,000 shares against Order #3 at the midpoint ($10.025), on the basis that Orders #1 and #2 did not meet or exceed the MIS condition of 2,500 shares, despite being better priced and/or having better time priority. (Note: Order #1 is only executable against an incoming Midpoint order at the midpoint.)

November 23, 2017 (2017), 40 OSCB 9463

SROs, Marketplaces, Clearing Agencies and Trade Repositories

13.3 Clearing Agencies

13.3.1 CDS – Material Amendments to CDS Rules Related to the Elective System-Operating Cap for Extenders of Credit – OSC Staff Notice of Request for Comment

OSC STAFF NOTICE OF REQUEST FOR COMMENT

CDS CLEARING AND DEPOSITORY SERVICES INC. (CDS®)

MATERIAL AMENDMENTS TO CDS RULES RELATED TO THE ELECTIVE SYSTEM-OPERATING CAP FOR EXTENDERS OF CREDIT

The Ontario Securities Commission is publishing for 30 day public comment material amendments to the CDS Rules relating to participants’ System-Operating Cap.

The purpose of the proposed rule amendments is to allow an Extender of Credit to elect its own System Operating Cap amount.

The comment period ends on December 22, 2017.

A copy of the CDS Notice is published on our website at http://www.osc.gov.on.ca.

November 23, 2017 (2017), 40 OSCB 9464

SROs, Marketplaces, Clearing Agencies and Trade Repositories

13.3.2 CDCC – Amendments to CDCC Rules – Minor Changes to the Eligibility Criteria for Membership in the Corporation – OSC Staff Notice of Request for Comment

OSC STAFF NOTICE OF REQUEST FOR COMMENT

CANADIAN DERIVATIVES CLEARING CORPORATION (CDCC)

AMENDMENTS TO CDCC RULES – MINOR CHANGES TO THE ELIGIBILITY CRITERIA FOR MEMBERSHIP IN THE CORPORATION

The Ontario Securities Commission is publishing for 30 day public comment amendments to the eligibility criteria for membership in CDCC. The purpose of the proposed rule amendments is to expand CDCC’s membership criteria to allow certain firms that are not banks, financial institutions or members of an exchange to become Clearing Members, allowing them to directly clear with CDCC over-the-counter instruments transactions, fixed income transactions, or their own exchange transactions.

The comment period ends on December 22, 2017.

A copy of the CDCC Notice is published on our website at http://www.osc.gov.on.ca.

November 23, 2017 (2017), 40 OSCB 9465

SROs, Marketplaces, Clearing Agencies and Trade Repositories

13.3.3 CDCC – Proposed Amendments to the Rules and Operations Manual of CDCC to Accommodate the Extension of the Trading Hours at Bourse de Montréal Inc. – OSC Staff Notice of Request for Comment

OSC STAFF NOTICE OF REQUEST FOR COMMENT

CANADIAN DERIVATIVES CLEARING CORPORATION (CDCC)

PROPOSED AMENDMENTS TO THE RULES AND OPERATIONS MANUAL OF CDCC TO ACCOMMODATE THE EXTENSION OF THE TRADING HOURS AT BOURSE DE MONTREAL INC.

The Ontario Securities Commission is publishing for 30 day public comment proposed amendments to the CDCC Rules and Operations Manual in order to accommodate the extension of the trading hours at Bourse de Montréal Inc. (“MX”).

The purpose of the proposed amendments is to extend the CDCC business hours to start at 2:00 am ET instead of 6:00 am ET to support the MX initiative.

The comment period ends on December 22, 2017.

A copy of the CDCC Notice is published on our website at http://www.osc.gov.on.ca.

November 23, 2017 (2017), 40 OSCB 9466

Index

Banro Corporation Katanga Mining Limited Cease Trading Order ...... 9363 Cease Trading Order ...... 9363

Breton Hill Capital Ltd. Land and Buildings Investment Management, LLC Name Change ...... 9457 Notice of Hearing – ss. 8, 21.7 ...... 9323 Notice from the Office of the Secretary ...... 9333 Brompton Funds Limited Notice from the Office of the Secretary ...... 9335 Order – ss. 78(1) and 80 of the CFA ...... 9351 Notice from the Office of the Secretary ...... 9336 Order – ss. 8, 21.7 ...... 9349 Canada House Wellness Group Inc. Order ...... 9350 Cease Trading Order ...... 9363 McKinnon, Stuart CDCC Notice from the Office of the Secretary ...... 9336 Clearing Agencies – Amendments to CDCC Order – s. 9(1)(b) of the SPPA ...... 9350 Rules – Minor Changes to the Eligibility Criteria for Membership in the Corporation – OSC Staff Neuberger Berman Breton Hill ULC Notice of Request for Comment ...... 9465 Name Change ...... 9457 Clearing Agencies – Proposed Amendments to the Rules and Operations Manual of CDCC to Omega Securities Inc. Accommodate the Extension of the Trading Notice of Hearing – ss. 127(1), 127(5) ...... 9322 Hours at Bourse de Montréal Inc. – OSC Staff Notice of Hearing with Related Statement of Notice of Request for Comment ...... 9466 Allegations – ss. 127, 127.1 ...... 9324 Notice from the Office of the Secretary ...... 9332 CDS Notice from the Office of the Secretary ...... 9335 Clearing Agencies – Material Amendments to Notice from the Office of the Secretary ...... 9337 CDS Rules Related to the Elective Notice from the Office of the Secretary ...... 9338 System-Operating Cap for Extenders of Order ...... 9358 Credit – OSC Staff Notice of Request for Order ...... 9361 Comment ...... 9464 Order ...... 9362

Cheng, Benedict Performance Sports Group Ltd. Notice from the Office of the Secretary ...... 9334 Cease Trading Order ...... 9363 Order ...... 9348 Pro-Financial Asset Management Inc. DIAM Capital Markets Inc. Notice from the Office of the Secretary ...... 9336 Voluntary Surrender ...... 9457 Order – s. 9(1)(b) of the SPPA ...... 9350

Farrell, John PUR Investing Inc. Notice from the Office of the Secretary ...... 9336 Consent to Suspension (Pending Surrender) ...... 9457 Order – s. 9(1)(b) of the SPPA ...... 9350 Rothstein, John David Flaherty & Crumrine Incorporated Notice from the Office of the Secretary ...... 9334 Order – ss. 78(1) and 80 of the CFA ...... 9351 Order ...... 9348

Greypoint Capital Inc. Sandpiper GP Inc. Change in Registration Category ...... 9457 Notice of Withdrawal ...... 9321 Notice from the Office of the Secretary ...... 9332 HNZ Group Inc. Decision ...... 9339 Sandpiper Opportunity Fund 3 Limited Partnership Notice of Withdrawal ...... 9321 Invesco Canada Ltd. Notice from the Office of the Secretary ...... 9332 Decision ...... 9343 Sandpiper Real Estate Fund Limited Partnership Jiminex Inc. Notice of Withdrawal ...... 9321 Order – s. 144 ...... 9359 Notice from the Office of the Secretary ...... 9332 Cease Trading Order ...... 9363

November 23, 2017 (2017), 40 OSCB 9467

Index

Soave, Frank Notice from the Office of the Secretary ...... 9334 Order ...... 9348

Superstar Investment Corp. Voluntary Surrender ...... 9457

Timbercreek U.S. Multi-Residential Opportunity Fund #1 Order ...... 9355

Tremblay, Eric Notice from the Office of the Secretary ...... 9334 Order ...... 9348

TSX Inc. Marketplaces – Enhancements to Dark Trading Functionality -- Notice of Proposed Changes and Request for Comment ...... 9459

White Crane Capital Corp. New Registration ...... 9457

November 23, 2017 (2017), 40 OSCB 9468