OSC Bulletin

The Ontario Securities Commission

OSC Bulletin

June 5, 2014

Volume 37, Issue 23

(2014), 37 OSCB

The Ontario Securities Commission administers the Securities Act of Ontario (R.S.O. 1990, c. S.5) and the Commodity Futures Act of Ontario (R.S.O. 1990, c. C.20)

The Ontario Securities Commission Published under the authority of the Commission by: Cadillac Fairview Tower Carswell, a Thomson Reuters business 22nd Floor, Box 55 One Corporate Plaza 20 Queen Street West 2075 Kennedy Road Toronto, Ontario Toronto, Ontario M5H 3S8 M1T 3V4

416-593-8314 or Toll Free 1-877-785-1555 416-609-3800 or 1-800-387-5164

Contact Centre - Inquiries, Complaints: Fax: 416-593-8122 TTY: 1-866-827-1295

Office of the Secretary: Fax: 416-593-2318

The OSC Bulletin is published weekly by Carswell, a Thomson Reuters business, under the authority of the Ontario Securities Commission.

Subscriptions are available from Carswell at the price of $773 per year.

Subscription prices include first class postage to Canadian addresses. Outside Canada, these airmail postage charges apply on a current subscription:

U.S. $175 Outside North America $400

Single issues of the printed Bulletin are available at $20 per copy as long as supplies are available.

Carswell also offers every issue of the Bulletin, from 1994 onwards, fully searchable on SecuritiesSource™, Canada’s pre-eminent web-based securities resource. SecuritiesSource™ also features comprehensive securities legislation, expert analysis, precedents and a weekly Newsletter. For more information on SecuritiesSource™, as well as ordering information, please go to:

http://www.westlawecarswell.com/SecuritiesSource/News/default.htm

or call Carswell Customer Relations at 1-800-387-5164 (416-609-3800 Toronto & Outside of Canada).

Claims from bona fide subscribers for missing issues will be honoured by Carswell up to one month from publication date.

Space is available in the Ontario Securities Commission Bulletin for advertisements. The publisher will accept advertising aimed at the securities industry or financial community in Canada. Advertisements are limited to tombstone announcements and professional business card announcements by members of, and suppliers to, the financial services industry. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior written permission of the publisher. The publisher is not engaged in rendering legal, accounting or other professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought.

One Corporate Plaza Customer Relations 2075 Kennedy Road Toronto 1-416-609-3800 Toronto, Ontario Elsewhere in Canada/U.S. 1-800-387-5164 M1T 3V4 Fax 1-416-298-5082 www.carswell.com Email www.carswell.com/email

Table of Contents

Chapter 1 Notices / News Releases ...... 5393 Chapter 8 Notice of Exempt Financings...... 5529 1.1 Notices ...... (nil) Reports of Trades Submitted on 1.2 Notices of Hearing ...... (nil) Forms 45-106F1 and 45-501F1 ...... 5529 1.3 News Releases ...... (nil) 1.4 Notices from the Office Chapter 9 Legislation ...... (nil) of the Secretary ...... 5393 1.4.1 Pro-Financial Asset Management Inc...... 5393 Chapter 11 IPOs, New Issues and Secondary 1.4.2 Global Energy Group, Ltd. et al...... 5394 Financings ...... 5531 1.4.3 Howard Rash ...... 5394 1.4.4 Newer Technologies Limited et al...... 5395 Chapter 12 Registrations ...... 5543 1.4.5 Frederick Lawrence Marlatt, also known 12.1.1 Registrants ...... 5543 as Frederick Lawrence Mitschele and Michael Wallace Minor ...... 5396 Chapter 13 SROs, Marketplaces and Clearing Agencies ...... (nil) Chapter 2 Decisions, Orders and Rulings ...... 5397 13.1 SROs ...... (nil) 2.1 Decisions ...... 5397 13.2 Marketplaces ...... (nil) 2.1.1 Element Financial Corporation ...... 5397 13.3 Clearing Agencies ...... (nil) 2.1.2 Slate U.S. Opportunity (No. 2) Realty Trust – s. 1(10)(a)(ii) ...... 5401 Chapter 25 Other Information ...... 5545 2.1.3 Carmanah Technologies Corporation ...... 5402 25.1 Consents ...... 5545 2.2 Orders...... 5405 25.1.1 Legend Gold Corp. 2.2.1 Pro-Financial Asset Management Inc...... 5405 – s. 4(b) of the Regulation ...... 5545 2.2.2 Global Energy Group, Ltd. et al. – ss. 127(7), 127(8) ...... 5412 Index ...... 5547 2.2.3 Howard Rash ...... 5419 2.2.4 Magna International Inc. – s. 104(2)(c) ...... 5419 2.2.5 Mariana Resources Limited ...... 5423 2.2.6 Newer Technologies Limited et al. – ss. 127(1), 127.1 ...... 5426 2.2.7 Frederick Lawrence Marlatt, also known as Frederick Lawrence Mitschele and Michael Wallace Minor ...... 5428 2.3 Rulings ...... (nil)

Chapter 3 Reasons: Decisions, Orders and Rulings ...... 5431 3.1 OSC Decisions, Orders and Rulings ...... 5431 3.1.1 Frederick Lawrence Marlatt, also known as Frederick Lawrence Mitschele and Michael Wallace Minor – ss. 127(1), 127(10) ...... 5431 3.2 Court Decisions, Order and Rulings ...... (nil)

Chapter 4 Cease Trading Orders ...... 5439 4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders ...... 5439 4.2.1 Temporary, Permanent & Rescinding Management Cease Trading Orders ...... 5439 4.2.2 Outstanding Management & Insider Cease Trading Orders ...... 5439

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

Chapter 6 Request for Comments ...... (nil)

Chapter 7 Insider Reporting...... 5441

June 5, 2014 (2014), 37 OSCB

Chapter 1

Notices / News Releases

1.4 Notices from the Office of the Secretary

1.4.1 Pro-Financial Asset Management Inc.

FOR IMMEDIATE RELEASE May 27, 2014

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

AND

IN THE MATTER OF PRO-FINANCIAL ASSET MANAGEMENT INC.

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

1. The term and condition on PFAM’s registration imposed by Commission order dated March 4, 2014 which stated that “PFAM may only distribute securities of the Pro-Index Funds to existing security holders of the Pro- Index Funds” is deleted and replaced with “PFAM shall not distribute securities of the Pro-Index Funds.”

2. A confidential pre-hearing conference in respect of the section 8 hearings and reviews of the Director Decisions will proceed on June 5, 2014 at 10:00 a.m.

3. The Temporary Order is extended to July 4, 2014.

4. The hearing is adjourned to July 2, 2014 at 2:00 p.m.

A copy of the Order dated May 23, 2014 is available at www.osc.gov.on.ca.

OFFICE OF THE SECRETARY JOSÉE TURCOTTE ACTING SECRETARY

For media inquiries: [email protected]

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

Aly Vitunski Senior Media Relations Specialist 416-593-8263

Alison Ford Media Relations Specialist 416-593-8307

For investor inquiries:

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

June 5, 2014 (2014), 37 OSCB 5393

Notices / News Releases

1.4.2 Global Energy Group, Ltd. et al. 1.4.3 Howard Rash

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE May 28, 2014 May 28, 2014

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

AND AND

IN THE MATTER OF IN THE MATTER OF GLOBAL ENERGY GROUP, LTD., HOWARD RASH NEW GOLD LIMITED PARTNERSHIPS, CHRISTINA HARPER, HOWARD RASH, MICHAEL SCHAUMER, TORONTO – The Commission issued an Order in the ELLIOT FEDER, VADIM TSATSKIN, above named matter which provides that the hearing is ODED PASTERNAK, ALAN SILVERSTEIN, adjourned to August 27, 2014 at 10:00 a.m. or such further HERBERT GROBERMAN, ALLAN WALKER, or other dates as may be agreed to by the parties and fixed PETER ROBINSON, VYACHESLAV BRIKMAN, by the Office of the Secretary. NIKOLA BAJOVSKI, BRUCE COHEN and ANDREW SHIFF A copy of the Order dated May 27, 2014 is available at www.osc.gov.on.ca. TORONTO – The Commission issued an Order in the above named matter which provides that the Temporary OFFICE OF THE SECRETARY Order is extended against Rash until the conclusion of the JOSÉE TURCOTTE Section 127(10) Proceeding, including if appropriate, any ACTING SECRETARY final determination with respect to sanctions and costs. For media inquiries: A copy of the Order dated May 27, 2014 is available at [email protected] www.osc.gov.on.ca. Carolyn Shaw-Rimmington OFFICE OF THE SECRETARY Manager, Public Affairs JOSÉE TURCOTTE 416-593-2361 ACTING SECRETARY Aly Vitunski For media inquiries: Senior Media Relations Specialist [email protected] 416-593-8263

Carolyn Shaw-Rimmington Alison Ford Manager, Public Affairs Media Relations Specialist 416-593-2361 416-593-8307

Aly Vitunski For investor inquiries: Senior Media Relations Specialist 416-593-8263 OSC Contact Centre 416-593-8314 Alison Ford 1-877-785-1555 (Toll Free) Media Relations Specialist 416-593-8307

For investor inquiries:

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

June 5, 2014 (2014), 37 OSCB 5394

Notices / News Releases

1.4.4 Newer Technologies Limited et al.

FOR IMMEDIATE RELEASE June 3, 2014

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

AND

IN THE MATTER OF NEWER TECHNOLOGIES LIMITED, RYAN PICKERING AND RODGER FREY

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

1. A pre-hearing conference will be held on August 13, 2014 at 12:00 p.m.; and

2. By the August 13, 2014 pre-hearing conference, the parties shall have served every other party with:

a. Witness lists and witness summaries; and

b. A draft index of documents for a proposed joint hearing brief.

A copy of the Order dated June 2, 2014 is available at www.osc.gov.on.ca.

OFFICE OF THE SECRETARY JOSÉE TURCOTTE ACTING SECRETARY

For media inquiries: [email protected]

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

Aly Vitunski Senior Media Relations Specialist 416-593-8263

Alison Ford Media Relations Specialist 416-593-8307

For investor inquiries:

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

June 5, 2014 (2014), 37 OSCB 5395

Notices / News Releases

1.4.5 Frederick Lawrence Marlatt, also known as Frederick Lawrence Mitschele and Michael Wallace Minor

FOR IMMEDIATE RELEASE June 3, 2014

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

AND

IN THE MATTER OF FREDERICK LAWRENCE MARLATT, also known as FREDERICK LAWRENCE MITSCHELE and MICHAEL WALLACE MINOR

TORONTO – The Commission issued its Reasons and Decision and an Order pursuant to Sections 127(1) and 127(10) of the Securities Act in the above noted matter.

A copy of the Reasons and Decision and the Order dated June 2, 2014 are available at www.osc.gov.on.ca.

OFFICE OF THE SECRETARY JOSÉE TURCOTTE ACTING SECRETARY

For media inquiries: [email protected]

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

Aly Vitunski Senior Media Relations Specialist 416-593-8263

Alison Ford Media Relations Specialist 416-593-8307

For investor inquiries:

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

June 5, 2014 (2014), 37 OSCB 5396

Chapter 2

Decisions, Orders and Rulings

2.1 Decisions

2.1.1 Element Financial Corporation

Headnote

Multilateral Instrument 11-102 Passport System and National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – exemption granted from requirement to provide audited financial statements of the acquired business in a BAR. Filer granted relief to include alternative financial information, comprising a statement of assets acquired and liabilities assumed, a 12 month audited financial forecast and additional information about the Acquisitions as financial statement disclosure for a significant acquisition.

Applicable Legislative Provisions

National Instrument 51-102 Continuous Disclosure Obligations, ss. 8.4, 13.1.

May 26, 2014

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

AND

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

AND

IN THE MATTER OF ELEMENT FINANCIAL CORPORATION (the “Filer” or “Element”)

DECISION

Background

The principal regulator in the Jurisdiction has received an application from the Filer (the “Application”) for a decision under the securities legislation of the Jurisdiction of the principal regulator (the “Legislation”) for an exemption (the “Exemption Sought”) from the financial statement requirements in Section 8.4 of National Instrument 51-102 Continuous Disclosure Obligations (“NI 51-102”) for the business acquisition report (“BAR”) to be prepared and filed with the applicable Canadian securities regulatory authorities in connection with the acquisition by the Filer of certain railcars (the “Railcars”) and underlying leases (the “Leases” and, together with the Railcars, the “Railcar Assets”) pursuant to a vendor finance program with Trinity Industries Inc. (the “Trinity Vendor Program”).

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

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

(b) the Filer has provided notice that subsection 4.7(1) of Multilateral Instrument 11-102 Passport System (“MI 11- 102”) is intended to be relied upon in British Columbia, Alberta, Saskatchewan, Manitoba, Québec, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador.

June 5, 2014 (2014), 37 OSCB 5397

Decisions, Orders and Rulings

Interpretation

Terms defined in National Instrument 14-101 Definitions, MI 11-102 or NI 51-102 have the same meanings if used in this decision, unless otherwise defined herein.

Representations

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

The Filer

1. The Filer is a corporation formed under the Business Corporations Act (Ontario).

2. The principal and head office of the Filer is located in Toronto, Ontario.

3. The financial year end of the Filer is December 31.

4. The Filer is an equipment finance company in the business of providing financing to customers to facilitate purchases of equipment by its customers. Financing provided by the Filer typically involves the provision of equipment loans and leases. The Filer originates business through vendor finance programs established with equipment manufacturers.

5. The Filer is a reporting issuer in each of Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, Québec, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador.

6. To its knowledge, other than the requirement to file a BAR in respect of the aggregate acquisition of the First Tranche and the Second Tranche (as defined below), the Filer is not in default of securities legislation in any such jurisdiction in Canada in which it is a reporting issuer.

7. The common shares, Cumulative 5-Year Rate Reset Preferred Shares, Series A and Cumulative 5-Year Rate Reset Preferred Shares, Series C of the Filer are listed on the Toronto Stock Exchange under the symbols “EFN”, “EFN.PR.A” and “EFN.PR.C”, respectively.

The Acquisitions

8. On December 9, 2013, Element established the Trinity Vendor Program with Trinity Industries Inc. (“Trinity”) to acquire Railcar Assets comprised of Railcars and underlying Leases from Trinity and/or its affiliates over a two year period.

9. Under the terms of the Trinity Vendor Program, Element and Trinity formed a strategic alliance whereby Element is presented with preferred opportunities from time to time to acquire Railcar Assets from Trinity on financial terms to be agreed upon by the parties at the time of offer.

10. The identification of the Railcar Assets offered by Trinity to Element under the Trinity Vendor Program may include Leases for: (a) newly manufactured Railcars; (b) existing Railcars; and (c) secondary market purchases of Railcars from third parties identified by Trinity, and is based on predetermined diversification criteria, including limits on Railcar type, use, Lease duration, average age and credit quality of the lessee. Offers of qualifying Railcar Assets are to be made to Element by Trinity from time to time for the duration of the Trinity Vendor Program. Trinity and Element meet on a quarterly basis to report on and consult with respect to material business and process issues under the Trinity Vendor Program.

11. In connection with the Trinity Vendor Program, Element acquired approximately US$619 million of existing Railcar Assets (collectively, the “Acquisitions”) pursuant to an approximately US$105 million tranche completed on December 19, 2013 (the “First Tranche”), an approximately US$396 million second tranche completed on January 28, 2014 (the “Second Tranche”) and an approximately US$118 million third tranche completed on March 27, 2014.

12. The Leases assumed by Element pursuant to the Acquisitions were a combination of newly originated and pre-existing Leases.

Nature of the Acquisitions and Available Financial Information

13. In response to a pre-filing interpretation request made by the Filer, the Canadian Securities Administrators determined that the Acquisitions constitute the acquisition of a “business” within the meaning of Part 8 of NI 51-102. Given the Filer’s financial results, the Acquisitions constitute a significant acquisition under Part 8 of NI 51-102 and the Filer was obligated to file a BAR on or before April 28, 2014.

June 5, 2014 (2014), 37 OSCB 5398

Decisions, Orders and Rulings

14. Sections 8.4(1) and 8.4(2) of NI 51-102 require that the Filer include in the BAR the following annual financial statements in respect of the business acquired:

(a) a statement of comprehensive income, a statement of changes in equity and a statement of cash flows for (i) the year ended December 31, 2013 (audited); and (ii) the year ended December 31, 2012 (not required to be audited);

(b) a statement of financial position as at December 31, 2013 (audited) and December 31, 2012 (not required to be audited); and

15. Section 8.4(5) of NI 51-102 requires that the Filer include the following pro forma financial statements of the Filer:

(a) a pro forma statement of financial position of the Filer as at December 31, 2013 that gives effect, as if the Acquisitions had taken place as at the date of the pro forma statement of financial position, to the Acquisitions; and

(b) a pro forma income statement of the Filer that gives effect to the Acquisitions as if they had taken place on January 1, 2013 for the year ended December 31, 2013.

16. The purchase price for the Acquisitions was determined by Element based on the contractual rental payments for each of the individual Leases, the credit profile of the individual lessees underlying the Leases and the Filer’s estimates of the residual value of the Railcars forming the Railcar Assets at the end of their respective lease term.

17. The Filer did not acquire any physical facilities, employees, marketing systems, sales forces, operating rights, production techniques or trade names of Trinity in connection with the Acquisitions. Such items remained with Trinity following the Acquisitions.

18. Element did not acquire a separate entity, a subsidiary or a division of Trinity. Pursuant to the Trinity Vendor Program, Trinity presents Element with opportunities from time to time to purchase Railcars and underlying Leases. The acquisition of the Leases and Railcars is an equipment financing transaction under the Trinity Vendor Program consistent with Element's business as a finance company.

19. The financial information in respect of the individual Railcar Assets and operations of Trinity necessary to produce historical financial statements for the Acquisitions has not been made available to Element. Trinity did not prepare financial statements in respect of the Railcar Assets. The Filer has made every reasonable effort to obtain historical financial statements for the Railcar Assets and has been unable to do so.

20. The Filer does not believe that historical financial statements for the Acquisitions would be relevant to investors or assist investors in understanding the Acquisitions or the Trinity Vendor Program as any such historical financial statements would require extensive assumptions regarding Trinity and would not reflect the financial impact of the Railcar Assets in the hands of the Filer.

21. The Filer has established a financing program whereby it expects to securitize substantially all of the Railcar Assets acquired in the Acquisitions through the sale of such Railcar Assets to a special purpose vehicle or other entity, which entity issues notes secured by such Railcar Assets.

22. In lieu of the historical financial statements required by Part 8 of 51-102, the Filer proposes to provide alternative financial information (the “Alternative Financial Information”) in respect of the Acquisitions as follows:

(a) an audited statement of assets acquired and liabilities assumed as at December 19, 2013, January 28, 2014 and March 27, 2014 that:

(i) is comprised of the Railcar Assets specifically acquired and liabilities assumed in the Acquisitions, such information to be presented in a single statement;

(ii) includes a statement that the statement of assets acquired and liabilities assumed is prepared using accounting policies that are permitted by IFRS and would apply to those line items if those line items were presented as part of a complete set of financial statements prepared in accordance with IFRS;

(iii) includes a description of the accounting policies used to prepare the statement;

June 5, 2014 (2014), 37 OSCB 5399

Decisions, Orders and Rulings

(iv) is accompanied by an independent auditor’s report that reflects the fact the statement was prepared in accordance with the basis of accounting disclosed in the notes to the statement;

(b) a 12 month financial forecast covering the period from April 1, 2014 to March 31, 2015 accompanied by an independent auditor’s report on the financial forecast reflecting the financial impact of the Acquisitions; and

(c) additional information about the Trinity Vendor Program, including a description of the terms of the Trinity Vendor Program and a description of the Railcars and Leases acquired in the Acquisitions which includes disclosure of the leases in default, if any, the year of manufacture of the Railcars, credit ratings of the lessees, remaining lease terms of the leases acquired and average initial lease rates.

23. The Filer submits that the Exemption Sought would not be prejudicial to the public interest because the Alternative Financial Information will provide investors with the information material to their understanding of the Acquisitions and the Filer believes that the presentation of financial statements prepared strictly in compliance with Section 8.4 of NI 51- 102 would not be more meaningful or relevant to investors than the Alternative Financial Information.

24. Any subsequent acquisitions under the Trinity Vendor Program that qualifies as a significant acquisition pursuant to Part 8 of NI 51-102 shall not be part of the exemptive relief sought hereunder.

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 in respect of the Acquisitions, provided that the BAR for the Acquisitions includes the Alternative Financial Information.

“Sonny Randhawa” Manager, Corporate Finance Ontario Securities Commission

June 5, 2014 (2014), 37 OSCB 5400

Decisions, Orders and Rulings

2.1.2 Slate U.S. Opportunity (No. 2) Realty Trust – s. 1(10)(a)(ii)

Headnote

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

Applicable Legislative Provisions

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

May 27, 2014

Slate U.S. Opportunity (No. 2) Realty Trust c/o Goodmans LLP Bay Adelaide Centre 333 Bay Street, Suite 3400 Toronto, ON M5H 2S7

Attention: Bradley Hennick

Dear Sirs/Mesdames:

Re: Slate U.S. Opportunity (No. 2) Realty Trust (the “Applicant”) – application for a decision under the securities legislation of Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova scotia, Prince Edward Island, Newfoundland and Labrador, Yukon, Northwest Territories and Nunavut(the “Jurisdictions”) that the Applicant is not a reporting issuer

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

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

The Applicant has represented to the Decision Makers that:

(a) the outstanding securities of the Applicant, including debt securities, are beneficially owned, directly or indirectly, by fewer than 15 securityholders in each of the jurisdictions of Canada and fewer than 51 securityholders in total worldwide;

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

(c) the Applicant is applying for a decision that it is not a reporting issuer in all of the jurisdictions of Canada in which it is currently a reporting issuer; and

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

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

“Sonny Randhawa” Manager, Corporate Finance Ontario Securities Commission

June 5, 2014 (2014), 37 OSCB 5401

Decisions, Orders and Rulings

2.1.3 Carmanah Technologies Corporation

Headnote

National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards, s. 5.1 – An issuer wants relief from the requirement that financial statements required by securities legislation to be audited must be accompanied by an auditor’s report that expresses an unmodified opinion – The issuer is making a significant acquisition for which it requires shareholder approval and for which it must file a business acquisition report (BAR); the financial statements of the target company must be included in the information circular and the BAR; the auditor’s report will contain a qualification related to the accounting methods the target company used to record a historical investment; the target company disposed of the investment prior to being acquired by the issuer; the issuer will otherwise comply with the financial statement requirements for the information circular and the acquisition statement requirements for the business acquisition report.

National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – National Instrument 51-102 Continuous Disclosure Obligations, s.13.1 – Information Circular – An issuer wants relief from the requirement to include prospectus-level disclosure in an information circular to be circulated in connection with an arrangement, reorganization, acquisition or amalgamation – The issuer will provide alternate financial information about the target company that is consistent with the information required in the continuous disclosure context for significant acquisitions; information will be provided about the parties to the transaction sufficient for shareholders to assess the transaction as a whole.

Applicable Legislative Provisions

National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards, ss. 3.3(1)(a), 5.1. National Instrument 51-102 Continuous Disclosure Obligations, ss. 9.1, 13.1. Form 51-102F5 Information Circular, s. 14.2.

May 22, 2014

IN THE MATTER OF THE SECURITIES LEGISLATION OF BRITISH COLUMBIA AND ONTARIO (THE JURISDICTIONS)

AND

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

AND

IN THE MATTER OF CARMANAH TECHNOLOGIES CORPORATION (THE FILER)

DECISION

Background

1 The securities regulatory authority or regulator in each of the Jurisdictions (the Decision Maker) has received an application from the Filer for a decision under the securities legislation of the Jurisdictions (the Legislation) exempting the Filer from the requirements in:

(a) National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards (NI 52-107) that an auditor’s report accompanying audited financial statements to be included in both an information circular and business acquisition report must express an unmodified opinion; and

(b) Item 14.2 of Form 51-102F5 Information Circular (Form 51-102F5) to include in an information circular financial statements of an acquired business prescribed by the form of prospectus that the acquired business would be eligible to use immediately prior to the sending of the information circular to shareholders of the Filer (the Required Sol Statements);

(together, the Exemption Sought).

June 5, 2014 (2014), 37 OSCB 5402

Decisions, Orders and Rulings

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

(a) the British Columbia Securities Commission is the principal regulator for this application,

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

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

Interpretation

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

Representations

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

1. the Filer is a company existing under the Business Corporations Act (British Columbia);

2. the Filer’s head office is located in Victoria, British Columbia;

3. the Filer’s common shares are listed and posted for trading on the Toronto Stock Exchange (TSX) under the symbol CMH;

4. the Filer is a reporting issuer under the securities laws of British Columbia, Alberta and Ontario;

5. Michael Sonnenfeldt is a director of the Filer; he currently holds or controls, directly or indirectly, approximately 23.4% of the total outstanding common shares of the Filer and, as such, is a control person of the Filer under applicable Canadian securities laws;

6. SOL, Inc. (Sol) is a private company incorporated under Florida Business Corporations Act;

7. on March 21, 2014, the Filer announced that it had entered into a binding letter of intent with Michael Sonnenfeldt (who currently owns approximately 84.5% of the outstanding shares of Sol) to acquire Sol (the Acquisition);

8. since the Acquisition constitutes a significant acquisition for purposes of section 8.3 of National Instrument 51- 102 Continuous Disclosure Obligations, the Filer will be required to prepare and file a business acquisition report in respect of the Acquisition (the BAR);

9. the common shares of the Filer issuable in connection with the Acquisition exceed 25% of the number of common shares issued prior to the Acquisition; as such, the Acquisition is subject to shareholder approval requirements under the rules of the TSX;

10. the Acquisition also constitutes a related party transaction for purposes of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101); as such, for purposes of securities laws in Ontario, the Acquisition must, among other things, be approved by a majority of the minority of shareholders voting at a meeting of shareholders of the Filer;

11. during the course of preparing an information circular (the Circular) for a meeting of shareholders required to consider and approve the Acquisition under both MI 61-101 and the rules of the TSX, Sol’s auditors advised that they would be unable to deliver an unmodified audit opinion in respect of Sol’s historical financial statements for the following reasons:

(a) Sol previously had an investment in Phocos AG (Phocos), an unrelated private company based in Germany; Sol’s investment in Phocos represented approximately a 32% interest in Phocos;

(b) Sol accounted for its investment in Phocos using the cost method of accounting, rather than the equity method of accounting which is required under U.S. GAAP (as that term is defined in NI 52- 107);

June 5, 2014 (2014), 37 OSCB 5403

Decisions, Orders and Rulings

(c) Sol’s auditors will include a qualification in their auditor’s report for the years ended December 31, 2013, December 31, 2012 and December 31, 2011 due to the fact that the method used to account for the Phocos investment was not in accordance with U.S. GAAP;

(d) on April 23, 2013, Sol sold its entire investment in Phocos; accordingly, Sol no longer holds any interest in Phocos and historical financial information about Phocos would be of little value to investors or shareholders assessing the Acquisition given that the Filer will not be acquiring any interest in Phocos when it acquires Sol;

(e) the financial statements of Phocos itself were never audited; and

(f) without access to audited financial statements or the relevant underlying information of Phocos, Sol is currently unable to make the changes to its historical financial statements to ensure they comply with U.S. GAAP;

12. under NI 52-107, financial statements that are required by securities legislation to be audited must be accompanied by an auditor’s report that expresses an unmodified opinion;

13. under Item 14.2 of Form 51-102F5, the Filer is required to include in the Circular the Required Sol Statements on the basis that Sol is an issuer rather than an acquired business;

14. under subsection 3.2(1)(a) of NI 52-107, the Required Sol Statements are required to be prepared using Canadian GAAP (as that term is used in NI 52-107);

15. subsection 3.11 of NI 52-107 permits financial statements of a business to be acquired to be prepared in accordance with U.S. GAAP;

16. the Filer proposes to include in the Circular financial statements of Sol for its years ended December 31, 2013, December 31, 2012 and December 31, 2011 which are U.S. GAAP compliant other than as set out in paragraph 11 (the Alternative Financial Statements);

17. the Alternative Financial Statements will provide information in respect of Sol that is sufficient to enable a shareholder of the Filer to make an informed decision regarding the Acquisition;

18. except for the Exemption Sought, the Alternative Financial Statements to be included in the Circular and the BAR will comply with the requirements of NI 51-102 and NI 52-107; and

19. the Filer is not in default of any requirement of Canadian securities laws.

Decision

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

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

“Andrew S. Richardson” Acting Director, Corporate Finance British Columbia Securities Commission

June 5, 2014 (2014), 37 OSCB 5404

Decisions, Orders and Rulings

2.2 Orders

2.2.1 Pro-Financial Asset Management Inc.

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

AND

IN THE MATTER OF PRO-FINANCIAL ASSET MANAGEMENT INC.

ORDER

WHEREAS on May 17, 2013, the Commission issued a temporary order (the “Temporary Order”) with respect to Pro- Financial Asset Management Inc. (“PFAM”) pursuant to subsections 127(1) and (5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) ordering that:

(i) pursuant to paragraph 1 of subsection 127(1) of the Act, the registration of PFAM as a dealer in the category of exempt market dealer be suspended and the following terms and conditions apply to the registration of PFAM as an adviser in the category of portfolio manager (“PM”) and to its operation as an investment fund manager (“IFM”):

a. PFAM’s activities as a PM and IFM shall be applied exclusively to the Managed Accounts (as defined in the Temporary Order) and to the Pro-Hedge Funds and Pro-Index Funds (as defined in the Temporary Order); and

b. PFAM shall not accept any new clients or open any new client accounts of any kind in respect of the Managed Accounts;

(ii) pursuant to subsection 127(6) of the Act, the Temporary Order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by order of the Commission;

AND WHEREAS on May 28, 2013, the Commission ordered: (i) the Temporary Order be extended to June 27, 2013; (ii) the hearing to consider whether to further extend the terms of the Temporary Order and/or to make any further order as to PFAM’s registration proceed on June 26, 2013 at 10:00 a.m.;

AND WHEREAS on June 26, 2013, the Commission ordered that: (i) the Temporary Order be extended to July 15, 2013; and (ii) the affidavit of Michael Denyszyn sworn May 24, 2013 not be marked as an exhibit until the next appearance in the absence of a Commission order to the contrary; and the hearing to consider this matter proceed on July 12, 2012;

AND WHEREAS on July 11, 2013, the Commission ordered that: (i) the Temporary Order be extended to July 22, 2013; (ii) the hearing be adjourned to July 18, 2013 at 11:00 a.m.; and (iii) the hearing date of July 12, 2013 at 10:00 a.m. be vacated;

AND WHEREAS on July 18, 2013, PFAM brought a motion (the “First PFAM Motion”) that the hearing be held in camera and that the affidavits of Michael Denyszyn sworn May 24 and June 24, 2013 and the affidavit of Michael Ho sworn July 17, 2013 (collectively the “Staff Affidavits”) either not be admitted as evidence or else be treated as confidential documents and the parties agreed that the motion should be heard in camera;

AND WHEREAS on July 18, 2013, PFAM’s counsel filed supporting documents (the “PFAM Materials”) in support of the First PFAM Motion and counsel for PFAM and Staff made oral submissions and filed written submissions;

AND WHEREAS on July 22, 2013, the Commission ordered:

(i) the Temporary Order be extended to August 26, 2013;

(ii) leave be granted to the parties to file written submissions in respect of the First PFAM Motion;

(iii) the Staff Affidavits, the transcript of the PFAM motion, the PFAM Materials, written submissions filed by Staff and PFAM and other documents presented during the course of the First PFAM Motion shall be treated as confidential documents until further direction or order of the Commission; and

June 5, 2014 (2014), 37 OSCB 5405

Decisions, Orders and Rulings

(iv) the hearing be adjourned to August 23, 2013 at 10:00 a.m.;

AND WHEREAS on August 23, 2013, Staff filed with the Commission the affidavit of Michael Ho sworn August 22, 2013 and PFAM’s counsel filed the affidavit of Stuart McKinnon dated August 23, 2013 but the parties did not seek to mark these affidavits as exhibits;

AND WHEREAS on August 23, 2013, Staff and counsel for PFAM advised the Commission that the parties had agreed on the terms of a draft order;

AND WHEREAS on August 23, 2013, PFAM requested that the hearing be held in camera so PFAM’s submissions on certain confidentiality issues could be heard and Staff did not oppose PFAM’s request;

AND WHEREAS on August 27, 2013, the Commission ordered:

(i) the Temporary Order be extended to October 11, 2013;

(ii) the affidavit of Michael Ho sworn August 22, 2013 and the affidavit of Stuart McKinnon sworn August 23, 2013 be treated as confidential documents until further order of the Commission;

(iii) PFAM will deliver to Staff the final PPN reconciliation report by 4:30 p.m. on September 30, 2013; and

(iv) the hearing to consider whether to: (i) make any further order as to PFAM’s registration as an adviser in the category of PM or in respect of its operation as an IFM, as a result of PFAM’s ongoing capital deficiency; and/or (ii) otherwise vary or extend the terms of the Temporary Order, proceed on October 9, 2013 at 11:00 a.m.;

AND WHEREAS on October 9, 2013, PFAM brought a second motion (the “Second PFAM Motion”) for an order that the hearing be held in camera and for a confidentiality order treating as confidential documents: (i) the Staff and PFAM affidavits; (ii) all facta and correspondence exchanged by Staff and PFAM; and (iii) any transcript of this and prior in camera proceedings;

AND WHEREAS on October 9, 2013, PFAM’s counsel filed written submissions dated October 8, 2013, the affidavit of Stuart McKinnon sworn October 7, 2013 and the affidavit of Kenneth White sworn October 7, 2013 in support of the Second PFAM Motion and Staff filed written submissions dated October 9, 2013 and the affidavit of Michael Ho sworn October 8, 2013 and opposed the request for an in camera hearing and for the confidentiality order;

AND WHEREAS on October 9, 2013, the Commission heard submissions from counsel on the Second PFAM Motion in camera and the Commission requested the parties to prepare a draft order that, among other matters, addressed the confidentiality of documents filed with the Commission and permitted BNP Paribas Canada and Société Générale Canada (the “Banks”) to review certain documents attached to Staff affidavits dealing substantively with the PPN reconciliation process, provided the Banks treated such documents as confidential;

AND WHEREAS on October 11, 2013, the Commission ordered that:

(i) the Temporary Order be extended to December 15, 2013;

(ii) the affidavit of Michael Ho sworn October 8, 2013, the affidavit of Stuart McKinnon sworn October 7, 2013, the affidavit of Kenneth White sworn October 7, 2013 and the written submissions of the parties dated October 8 and 9, 2013 be treated as confidential documents until further order of the Commission; and

(iii) the hearing to consider whether to: (i) make any further order as to PFAM’s registration as an adviser in the category of PM or in respect of its operation as an IFM, as a result of PFAM’s ongoing capital deficiency; and/or (ii) otherwise vary or extend the terms of the Temporary Order, shall proceed on December 12, 2013 at 10:00 a.m.;

AND WHEREAS on October 17, 2013, the Commission ordered (the “October 17, 2013 Order”) that:

(i) the affidavit of Michael Ho sworn October 8, 2013, the affidavit of Stuart McKinnon sworn October 7, 2013, the affidavit of Kenneth White sworn October 7, 2013 and the written submissions of the parties dated October 8 and 9, 2013 be treated as confidential documents until further order of the Commission;

(ii) the previous orders as to confidentiality made by the Commission on July 22, 2013 and August 27, 2013 remain in force until further order or direction of the Commission; and

June 5, 2014 (2014), 37 OSCB 5406

Decisions, Orders and Rulings

(iii) documents related to the PPN reconciliation process listed on Schedule “A” to the October 17, 2013 Order be provided to counsel for the Banks on condition that the Banks treat those documents as confidential documents and not provide copies to any third party without further direction or order of the Commission;

AND WHEREAS on September 30, 2013, PFAM agreed to sell to another portfolio manager (the “Purchaser”) PFAM’s interest in all of the investment management contracts for the Pro-Index Funds and the Managed Accounts (the “First Transaction”). In a second transaction, an investor agreed to purchase through a corporation (the “Investor”) all of the shares of the Purchaser (the “Second Transaction”):

AND WHEREAS on October 22, 2013, the Purchaser and PFAM filed a notification letter providing Compliance and Registrant Regulation Branch (“CRR Branch”) Staff with notice (“Notice”) of the application filed under section 11.9 and 11.10 of National Instrument 31-103 – Registration Requirements, Exemptions and Ongoing Registrant Obligations (“NI 31-103”) relating to the First Transaction and the Second Transaction (collectively, the “Transactions”);

AND WHEREAS on November 5, 2013, the staff member of the CRR Branch conducting the review of the Notice requested copies of the affidavits of Michael Denyszyn sworn May 24 and June 24, 2013, the affidavits of Michael Ho sworn July 17, August 22 and October 8, 2013, the affidavits of Stuart McKinnon sworn July 17, August 23 and October 7, 2013, the affidavit of Kenneth White sworn October 7, 2013 and the submissions of Staff and Pro-Financial Asset Management Inc. (“PFAM”) (collectively, the “Confidential Documents”);

AND WHEREAS on November 12, 2013, PFAM filed an application with the Investment Funds Branch (“IF Branch”) of the Commission for an order under section 5.5 of National Instrument 81-102 – Mutual Funds (“NI 81-102”) for approval of the Purchaser as investment fund manager of the Pro-Index Funds and the Purchaser applied on October 24, 2013 for registration in the investment fund manager category for this purpose;

AND WHEREAS on November 13, 2013, Staff filed a Notice of Motion returnable on a date to be determined by the Secretary’s office seeking an Order that Staff of the Enforcement Branch be permitted to provide some or all of the Confidential Documents to certain staff members of the CRR Branch and the IF Branch;

AND WHEREAS on November 25, 2013, the Commission ordered that:

(i) Staff of the Enforcement Branch be permitted to provide the Confidential Documents to the following persons:

a. the staff members of the CRR Branch assigned to review the Notice;

b. the staff member who has been designated to act in the capacity of the Director on behalf of the CRR Branch for the purposes of deciding whether to object to the Notice;

c. the staff members of the IF Branch who have been assigned to review the application made by PFAM or the Purchaser under section 5.5 of NI 81-102; and

d. the staff member who has been designated to act in the capacity of the “Director” for the purposes of deciding whether to approve the application under section 5.5 of NI 81-102;

(ii) The CRR staff members assigned to review the Notice be permitted to provide relevant information derived from the Confidential Documents (“Relevant Information”) to PFAM, the Purchaser and their counsel involved in the Notice as part of the CRR staff members’ review and analysis of the Notice on condition that the recipients of such information treat it as confidential and not provide it to any third party without further direction or order of the Commission;

(iii) The IF staff members assigned to review the application for change of fund manager be permitted to provide Relevant Information to PFAM, the Purchaser and their counsel involved in the application filed under NI 81- 102 as part of the Investment Funds staff members’ review and analysis of the application on condition that the recipients of such information treat it as confidential and not provide it to any third party without further direction or order of the Commission;

(iv) The CRR staff members assigned to review the Notice be permitted to provide Relevant Information to the Investor or its counsel with the consent of PFAM; and

(v) The parties may seek direction from the Commission in the event that the CRR staff members and PFAM cannot agree on whether Relevant Information should be provided to the Investor or its counsel;

June 5, 2014 (2014), 37 OSCB 5407

Decisions, Orders and Rulings

AND WHEREAS Staff has filed an affidavit of Michael Ho sworn December 10, 2013 attaching a letter from counsel to Investment Administration Solution Inc. (“IAS”), PFAM’s recordkeeper for the PPNs, requesting a copy of the PPN reconciliation report submitted by PFAM to Staff;

AND WHEREAS PFAM’s counsel provided to Staff and to the Commission and made submissions based on an affidavit of Stuart McKinnon sworn December 11, 2013 which was not marked as an exhibit on December 12, 2013 at the Commission hearing held that day;

AND WHEREAS on December 12, 2013, Staff and counsel for PFAM appeared before the Commission and made submissions on: (i) the appropriate form of order to govern the provision of the Confidential Documents to other members of Staff of the Commission; and (ii) whether IAS should receive copies of the PPN reconciliation reports submitted by PFAM to Staff;

AND WHEREAS by Commission Order dated December 13, 2013, the Commission ordered that:

(i) the Confidential Documents may be provided to any member of Staff of the Commission, as necessary in the course of their duties;

(ii) the Temporary Order be extended to January 24, 2014;

(iii) the hearing be adjourned to January 21, 2014 at 11:00 a.m.; and

(iv) Staff shall be entitled to provide a copy of each document relating to the PPN reconciliation process listed on Schedule “A” of the October 13, 2013 order to counsel for IAS on the conditions that: (a) IAS treat those documents as confidential and not provide them to any third party without further direction or order of the Commission; and (b) IAS may use the documents for the purpose of assisting Staff in resolving the PPN discrepancy, and for no other purpose;

AND WHEREAS on January 15, 2014, PFAM’s counsel advised Staff that the prospectus for the distribution of securities of the Pro- Index Funds had passed its lapse date on January 14, 2014 and PFAM’s counsel requested a lapse date extension of 40 days from Staff;

AND WHEREAS on January 17, 2014, PFAM’s counsel filed a pre-hearing conference memorandum (“PFAM’s Pre- Hearing Memorandum”) with the Secretary’s office to discuss various issues and seek an Order granting an extension to the lapse date for the Pro-Index Funds under subsection 62(5) of the Act (the “Lapse Date Relief”);

AND WHEREAS PFAM filed the affidavit of Stuart McKinnon sworn January 19, 2014 with the Secretary’s office and Staff filed the affidavit of Susan Thomas sworn January 20, 2014 with the Secretary’s office but neither party marked either affidavit as an exhibit at the appearance on January 21, 2014;

AND WHEREAS on January 21, 2014, Staff and PFAM’s counsel appeared before the Commission and Staff advised the Commission that: (i) Staff’s review of the Notice was expected to take another three to four weeks; (ii) the parties agreed that the prior confidentiality orders should be revised to permit Staff to provide the Confidential Documents or excerpts therefrom to the Purchaser, the Investor and their counsel as Staff determines necessary in the course of their duties and on the condition that the recipients treat such documents as confidential and not disclose them to any third party without further direction or order of the Commission; and (iii) the parties agreed that the Temporary Order should be extended;

AND WHEREAS on January 21, 2014, PFAM’s counsel requested that submissions relating to the issues raised in PFAM’s Pre-Hearing Memorandum be made in camera pursuant to Rule 6 of the Commission’s Rules of Procedure, Staff opposed PFAM’s request, and the Commission directed and the parties made submissions in camera on the Lapse Date Relief;

AND WHEREAS on January 21, 2014, the Commission ordered that: (i) the Temporary Order be extended to February 24, 2014; (ii) the hearing be adjourned to February 21, 2014 at 2:00 p.m.; (iii) Staff who have received the Confidential Documents be permitted to provide the Confidential Documents or an excerpt of the Confidential Documents to the Purchaser, the Investor and their counsel as set out in the Order; and (iv) PFAM be granted the Lapse Date Relief under subsection 62(5) of the Act to extend the lapse date for the Pro-Index Funds to February 24, 2014 on the conditions set out in the Order;

AND WHEREAS on February 14, 2014, PFAM’s counsel served on Staff and filed a pre-hearing conference memorandum with the Secretary’s office and requested a confidential pre-hearing conference during the week of February 24, 2014;

June 5, 2014 (2014), 37 OSCB 5408

Decisions, Orders and Rulings

AND WHEREAS on February 21, 2014, PFAM’s counsel was unavailable to attend before the Commission so the Commission ordered: (i) the Temporary Order be extended to March 6, 2014; (ii) the hearing be adjourned to March 3, 2014 at 11:00 a.m.; and (iii) a confidential pre-hearing conference proceed on February 25, 2014 at 3:30 p.m.;

AND WHEREAS PFAM’s counsel requested in his prehearing conference memorandum an extension to the lapse date for the Pro-Index Funds which was previously extended to February 24, 2014 by Commission order dated January 21, 2014 (the “Further Lapse Date Relief”);

AND WHEREAS in connection with a confidential pre-hearing conference on February 25, 2014 and the appearance on March 3, 2014, Staff filed the affidavit of Michael Ho sworn February 24, 2014 and written submissions dated February 28, 2014 to oppose the request for the Further Lapse Date Relief and PFAM’s counsel filed the affidavits of Stuart McKinnon sworn February 21, 2014 and March 3, 2014 and a factum dated March 3, 2014 in support of the Further Lapse Date Relief;

AND WHEREAS on March 3, 2014, counsel for PFAM requested that submissions relating to the Further Lapse Date Relief be heard in camera and the Commission agreed to this request and the parties made oral submissions in camera on the issue of whether the Commission should grant the Further Lapse Date Relief;

AND WHEREAS on March 3, 2014, the Commission ordered that the Further Lapse Date Relief would be granted until April 7, 2014 subject to: (i) PFAM issuing a news release, in a form satisfactory to Staff, to ensure that investors receive full disclosure of the matters identified by Staff as set out below; and (ii) PFAM only being permitted to distribute securities of the Pro-Index Funds to existing securityholders of the Pro-Index Funds;

AND WHEREAS on March 3, 2014, the Commission advised, in the public portion of the hearing, that there had been two Director decisions recently made affecting PFAM (the “Director Decisions”) and PFAM’s counsel advised that the affected parties would seek a hearing and review under subsection 8(2) of the Act of both of the Director Decisions on an expedited basis;

AND WHEREAS on March 4, 2014, the Commission ordered: (i) the terms and conditions imposed on PFAM’s registration by the Temporary Order be deleted and replaced with new terms and conditions which provided that PFAM shall not accept any new clients or open any new client accounts of any kind in respect of its Managed Accounts and that PFAM may only distribute securities of the Pro-Index Funds to existing securityholders of the Pro-Index Funds (the “Distribution Restriction”); (ii) PFAM be granted the Further Lapse Date Relief under subsection 62(5) of the Act to extend the lapse date for the Pro-Index Funds to April 7, 2014 subject to the conditions that: (a) PFAM issue a news release by March 6, 2014, in a form satisfactory to Staff, providing disclosure about the specific items set out in the March 4, 2014 order; and (b) PFAM comply with the terms of the March 4, 2014 order; (iii) the hearing be adjourned to April 7, 2014 at 10:00 a.m.; and (iv) the Temporary Order be extended to April 10, 2014;

AND WHEREAS on March 6, 2014, a confidential prehearing conference was held to consider a motion by counsel to the Purchaser and the Investor to vary the Distribution Restriction imposed by the Commission in the March 4, 2014 order, so that PFAM could continue distributing securities until April 7, 2014 to new investors after issuing the press release provided for in the March 4 order (the “Variation Motion”);

AND WHEREAS on March 6, 2014, the Commission was of the view that the hearing of the Variation Motion should proceed only after a notice of the Variation Motion has been filed with the Secretary’s office so that the public could be advised of the hearing;

AND WHEREAS on March 6, 2014, the Commission ordered that: (i) portions of the Commission decision of March 3, 2014 imposing the Distribution Restriction and deleting and replacing the terms and conditions on PFAM’s registration and operation be stayed until March 11, 2014; (ii) PFAM be granted lapse date relief to extend the lapse date for the Pro-Index Funds to March 11, 2014; (iii) the Purchaser and the Investor file notice of the Variation Motion with the Secretary’s office; and (iv) the Variation Motion be adjourned to March 11, 2014 at 1:00 p.m.;

AND WHEREAS the Purchaser and Investor’s counsel filed the affidavit of Diego Beltran sworn March 5, 2014, the affidavit of Stuart McKinnon sworn March 11, 2014 and written submissions dated March 6, 2014 in support of the Variation Motion and Staff filed the affidavit of Michael Ho sworn March 10, 2014 and written submissions dated March 10, 2014 to oppose the Variation Motion;

AND WHEREAS on March 11, 2014, the Purchaser and the Investor’s counsel made a request that the hearing of the Variation Motion proceed in camera and Staff opposed the request and the Purchaser and Investor’s counsel and Staff made oral submissions and the Commission denied the request that the hearing proceed in camera;

June 5, 2014 (2014), 37 OSCB 5409

Decisions, Orders and Rulings

AND WHEREAS on March 11, 2014, Staff opposed the Variation Motion and the Purchaser and Investor’s counsel and Staff made oral submissions on the Variation Motion and Staff advised that a separate order will be required to cease the distribution of securities of the Pro-Index Funds to new investors as of March 11, 2014 if the Variation Motion is dismissed;

AND WHEREAS on March 11, 2014, the Commission ordered that: (i) the Variation Motion be dismissed; and (ii) the distribution of securities of the Pro-Index Funds to new investors be ceased as of the end of the day on March 11, 2014;

AND WHEREAS PFAM filed the affidavit of Stuart McKinnon sworn April 4, 2014 in support of its request for a further lapse date extension (the “Third Lapse Date Extension Request”) and requested that the affidavit be treated on a confidential basis and Staff filed an affidavit of Mostafa Asadi sworn April 4, 2014 and opposed the Third Lapse Date Extension Request on the basis that PFAM has not filed the annual audited financial statements or the annual management reports of fund performance for the Pro-Index Funds which were due on March 31, 2014;

AND WHEREAS on April 7, 2014, PFAM’s counsel requested that the submissions of the parties be heard in camera and Staff opposed the request and the Commission directed PFAM’s counsel and Staff to make oral submissions in camera;

AND WHEREAS on April 7, 2014, Staff requested permission to provide a copy of the affidavit of Stuart McKinnon sworn April 4, 2014 to IAS or its legal counsel prior to the argument of PFAM’s Third Lapse Date Request and PFAM’s counsel opposed Staff’s request;

AND WHEREAS on April 7, 2014, the parties made submissions in camera and the Commission directed that the affidavit of Stuart McKinnon sworn April 4, 2014 shall not be received on a confidential basis and directed that the correspondence between Staff and PFAM’s counsel be treated as confidential;

AND WHEREAS on April 7, 2014, the Commission ordered that: (i) the lapse date for the Pro-Index Funds be extended to April 21, 2014; (ii) the affidavit of Stuart McKinnon sworn April 4, 2014 shall appear on the public record except for exhibits containing the correspondence between Staff and PFAM’s counsel, including enclosures; (iii) Staff shall be entitled to provide a copy of the affidavit of Stuart McKinnon sworn April 4, 2014 to IAS or IAS’ legal counsel subject to the conditions that IAS shall treat as confidential all correspondence between PFAM and Staff forming part of the affidavit and IAS shall only use the affidavit to assist Staff in the ongoing proceeding; (iv) the Temporary Order be extended to April 21, 2014; and (v) the hearing be adjourned to April 17, 2014 at 11:00 a.m. to argue the Third Lapse Date Extension Request.

AND WHEREAS on April 17, 2014, Staff filed the affidavit of Michael Ho sworn April 11, 2014 to oppose the Third Lapse Date Extension Request and PFAM filed the affidavit of Stuart McKinnon sworn April 16, 2014 in support of the Third Lapse Date Extension Request;

AND WHEREAS on April 17, 2014, PFAM’s counsel requested that the submissions of the parties on the Third Lapse Date Extension Request be heard in camera and Staff opposed PFAM’s request and the Commission directed that the parties’ submissions on the Third Lapse Date Extension Request would not be heard in camera;

AND WHEREAS on April 17, 2014, PFAM’s counsel made oral submissions and filed written submissions dated April 7 and 17, 2014 in support of the Third Lapse Date Extension Request and Staff made oral and filed written submissions dated April 14, 2014 to oppose PFAM’s request and after hearing the parties’ submissions, the Commission reserved its decision and adjourned the hearing to April 21, 2014 at 2:00 p.m.;

AND WHEREAS on April 21, 2014, the Commission dismissed the Third Lapse Date Extension Request and provided oral reasons for its decision;

AND WHEREAS on April 23, 2014, the Commission ordered that: (i) the Third Lapse Date Extension Request be dismissed without prejudice to PFAM bringing an application under section 144 to vary or revoke this order if the audited financial statements and management reports of fund performance for the Pro-Index Funds are filed with the Commission; (ii) notwithstanding that the lapse date for the Pro-Index Funds was previously extended to April 21, 2014, the distribution of securities of the Pro-Index Funds shall cease as of the end of the day on April 21, 2014; (iii) the Temporary Order be extended to May 27, 2014; and (iv) the hearing be adjourned to May 23, 2014 at 10:00 a.m.;

AND WHEREAS on May 23, 2014, Staff filed the affidavit of Michael Ho sworn May 22, 2014 to: (i) update the Commission on the payments by PFAM on March 31, April 7 and 8, 2014 of maturity proceeds for certain series of PPNs to escrow agents as arranged by the Banks and agreed to by PFAM; and (ii) confirm that the current discrepancy between the records of the record-keeper and the trustee remains unchanged and indicates that the total cash obligation to PPN noteholders exceeds the amount in the trustee’s records by $1,222,549.45;

AND WHEREAS the parties have agreed to extend the Temporary Order to July 4, 2014 and to adjourn the hearing to July 2, 2014 at 2:00 p.m.;

June 5, 2014 (2014), 37 OSCB 5410

Decisions, Orders and Rulings

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

IT IS HEREBY ORDERED that:

2. A confidential pre-hearing conference in respect of the section 8 hearings and reviews of the Director Decisions will proceed on June 5, 2014 at 10:00 a.m.

3. The Temporary Order is extended to July 4, 2014.

4. The hearing is adjourned to July 2, 2014 at 2:00 p.m.

DATED at Toronto this 23rd day of May, 2014.

“James E. A. Turner”

June 5, 2014 (2014), 37 OSCB 5411

Decisions, Orders and Rulings

2.2.2 Global Energy Group, Ltd. et al. – ss. 127(7), 127(8)

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

AND

IN THE MATTER OF GLOBAL ENERGY GROUP, LTD., NEW GOLD LIMITED PARTNERSHIPS, CHRISTINA HARPER, HOWARD RASH, MICHAEL SCHAUMER, ELLIOT FEDER, VADIM TSATSKIN, ODED PASTERNAK, ALAN SILVERSTEIN, HERBERT GROBERMAN, ALLAN WALKER, PETER ROBINSON, VYACHESLAV BRIKMAN, NIKOLA BAJOVSKI, BRUCE COHEN and ANDREW SHIFF

ORDER (Subsections 127(7) and 127(8) of the Securities Act)

WHEREAS on July 10, 2008, the Ontario Securities Commission (the “Commission”) issued a temporary order, pursuant to subsections 127(1) and (5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”), that all trading by Global Energy Group, Ltd. (“Global Energy”) and the New Gold Limited Partnerships (the “New Gold Partnerships”) (together, the “Corporate Respondents”) and their officers, directors, employees and/or agents in securities of the New Gold Partnerships shall cease (the “First Temporary Order”);

AND WHEREAS on July 10, 2008, the Commission ordered that the First Temporary Order shall expire on the 15th day after its making unless extended by order of the Commission;

AND WHEREAS on July 15, 2008, the Commission issued a Notice of Hearing to consider, among other things, the extension of the First Temporary Order, such hearing to be held on July 23, 2008 at 11:00 a.m.;

AND WHEREAS the Notice of Hearing set out that the hearing was to consider, inter alia, whether, in the opinion of the Commission, it was in the public interest, pursuant to subsections 127(7) and (8) of the Act, to extend the First Temporary Order until such time as considered necessary by the Commission;

AND WHEREAS a hearing was held on July 23, 2008 at 11:00 a.m. at which Staff and counsel for Global Energy appeared, but no counsel appeared for the New Gold Partnerships;

AND WHEREAS on July 23, 2008, the First Temporary Order was continued until August 6, 2008 and the hearing in this matter was adjourned until August 5, 2008 at 3:00 p.m. on consent of Staff and counsel for Global Energy;

AND WHEREAS a hearing was held on August 5, 2008 at 3:00 p.m. at which Staff and counsel for Global Energy appeared, but no counsel appeared for the New Gold Partnerships;

AND WHEREAS on August 5, 2008, the First Temporary Order was continued until December 4, 2008 and the hearing in this matter was adjourned until December 3, 2008 at 10:00 a.m. on consent of Staff and counsel for Global Energy;

AND WHEREAS on December 3, 2008, on the basis of the record for the written hearing and on consent of Staff and counsel for Global Energy, a Panel of the Commission ordered that the First Temporary Order be extended until June 11, 2009 and that the hearing in this matter be adjourned to June 10, 2009 at 10:00 a.m.;

AND WHEREAS on June 10, 2009, Staff advised the Commission that Victor Tsatskin, a.k.a. Vadim Tsatskin (“Tsatskin”), an agent of Global Energy, would not be attending the hearing and was not opposed to Staff’s request for the extension of the First Temporary Order, and no counsel had communicated with Staff on behalf of the New Gold Partnerships;

AND WHEREAS on June 10, 2009, on hearing the submissions of Staff, a Panel of the Commission ordered that the First Temporary Order be extended until October 9, 2009 and that the hearing in this matter be adjourned to October 8, 2009 at 10:00 a.m.;

AND WHEREAS on October 8, 2009, on hearing the submissions of Staff, a Panel of the Commission ordered that the First Temporary Order be extended until March 11, 2010 and that the hearing in this matter be adjourned to March 10, 2010 at 10:00 a.m.;

June 5, 2014 (2014), 37 OSCB 5412

Decisions, Orders and Rulings

AND WHEREAS on March 10, 2010, on hearing the submissions of Staff, a Panel of the Commission ordered that the First Temporary Order be extended until July 12, 2010 and that the hearing in this matter be adjourned to July 9, 2010 at 11:30 a.m.;

AND WHEREAS on April 7, 2010, the Commission issued a temporary cease trade order pursuant to subsections 127(1) and 127(5) of the Act ordering the following (the “Second Temporary Order”):

i) Christina Harper (“Harper”), Howard Rash (“Rash”), Michael Schaumer (“Schaumer”), Elliot Feder (“Feder”), Tsatskin, Oded Pasternak (“Pasternak”), Alan Silverstein (“Silverstein”), Herbert Groberman (“Groberman”), Allan Walker (“Walker”), Peter Robinson (“Robinson”), Vyacheslav Brikman (“Brikman”), Nikola Bajovski (“Bajovski”), Bruce Cohen (“Cohen”) and Andrew Shiff (“Shiff”) (collectively, the “Individual Respondents”), shall cease trading in all securities; and

ii) that any exemptions contained in Ontario securities law do not apply to the Individual Respondents;

AND WHEREAS, on April 7, 2010, the Commission ordered that the Second Temporary Order shall expire on the 15th day after its making unless extended by order of the Commission;

AND WHEREAS on April 14, 2010, the Commission issued a Notice of Hearing to consider, among other things, the extension of the Second Temporary Order, to be held on April 20, 2010 at 3:00 p.m.;

AND WHEREAS the Notice of Hearing set out that the hearing was to consider, amongst other things, whether, in the opinion of the Commission, it is in the public interest, pursuant to subsections 127(7) and (8) of the Act, to extend the Second Temporary Order until the conclusion of the hearing, or until such further time as considered necessary by the Commission;

AND WHEREAS on April 20, 2010, a hearing was held before the Commission and none of the Individual Respondents appeared before the Commission to oppose Staff’s request for the extension of the Second Temporary Order;

AND WHEREAS on April 20, 2010, the Commission was satisfied that Staff had served or made reasonable attempts to serve each of the Individual Respondents with copies of the Second Temporary Order, the Notice of Hearing, and the Evidence Brief of Staff as evidenced by the Affidavit of Kathleen McMillan, sworn on April 20, 2010, and filed with the Commission;

AND WHEREAS on April 20, 2010, the Commission considered the evidence and submissions before it and the Commission was of the opinion that: in the absence of a continuing cease-trade order, the length of time required to conclude a hearing could be prejudicial to the public interest; and, it was in the public interest to extend the Second Temporary Order;

AND WHEREAS on April 20, 2010, pursuant to subsections 127(7) and (8) of the Act, the Second Temporary Order was extended to June 15, 2010 and the hearing in this matter was adjourned to June 14, 2010 at 10:00 a.m.;

AND WHEREAS on June 14, 2010, a hearing was held before the Commission and the Commission ordered that the Second Temporary Order be extended until September 1, 2010 and the hearing be adjourned to September 1, 2010 at 1:00 p.m.;

AND WHEREAS on June 14, 2010, on hearing the submissions of Staff, a Panel of the Commission ordered that the First Temporary Order be extended until September 1, 2010 and that the hearing in this matter be adjourned to September 1, 2010 at 1:00 p.m.;

AND WHEREAS on September 1, 2010, the Commission considered the evidence and submissions before it and the Commission was of the opinion that in the absence of a continuing cease-trade order, the length of time required to conclude a hearing could be prejudicial to the public interest;

AND WHEREAS on September 1, 2010, pursuant to subsections 127(7) and 127(8) of the Act, the First Temporary Order and the Second Temporary Order were extended to November 9, 2010 and the hearing in this matter was adjourned to November 8, 2010 at 10:00 a.m.;

AND WHEREAS on September 1, 2010, it was further ordered pursuant to subsections 127(1) and (2) of the Act that, notwithstanding the Second Temporary Order, Feder is permitted to trade securities in an account in his own name or in an account of his registered retirement savings plans (as defined in the Income Tax Act (Canada)) in which he has the sole legal and beneficial ownership, provided that:

(i) the securities traded are listed and posted for trading on the Toronto Stock Exchange, the New York Stock Exchange or NASDAQ (or their successor exchanges) which is a reporting issuer; and

June 5, 2014 (2014), 37 OSCB 5413

Decisions, Orders and Rulings

(ii) he carries out any permitted trading through a dealer registered with the Commission (which dealer must be given a copy of this order) and through accounts opened in his name only (the “Amended Second Temporary Order”);

AND WHEREAS on November 5, 2010, the Commission approved a settlement agreement between Staff and Robinson;

AND WHEREAS on November 8, 2010, Staff, Schaumer, Shiff, Silverstein, counsel for Rash, and counsel for Pasternak, Walker and Brikman attended the hearing, Harper and Groberman had each advised Staff that they would not be attending the hearing, no person attended on behalf of the Corporate Respondents and Tsatskin, Bajovski and Cohen did not appear;

AND WHEREAS on November 8, 2010, counsel for Feder removed himself from the record due to a conflict of interest, and new counsel for Feder advised the Commission that he would need to satisfy himself that he was able to represent Feder, and would advise Staff accordingly as soon as possible;

AND WHEREAS on November 8, 2010, the Commission considered the evidence and submissions before it and the Commission was of the opinion that it was in the public interest that the First Temporary Order and the Amended Second Temporary Order be extended to December 8, 2010 and the hearing in this matter be adjourned to December 7, 2010 at 2:30 p.m.;

AND WHEREAS on December 7, 2010, Staff, Schaumer, Silverstein, counsel for Pasternak, Walker and Brikman, and an agent for new counsel for Feder attended the hearing, no person appeared on behalf of the Corporate Respondents and Harper, Rash, Tsatskin, Groberman, Bajovski, Cohen and Shiff did not appear;

AND WHEREAS on December 7, 2010, the Commission was satisfied that all of the Respondents had been properly served with notice of the hearing;

AND WHEREAS on December 7, 2010, Staff requested the extension of the First Temporary Order against the Corporate Respondents and the Amended Second Temporary Order against the Individual Respondents, and Schaumer, Silverstein, and counsel for Pasternak, Walker and Brikman consented to the extension of the Amended Second Temporary Order;

AND WHEREAS on December 7, 2010, an agent for new counsel for Feder informed the Commission that he did not have instructions as to whether Feder consented to an extension of the Amended Second Temporary Order;

AND WHEREAS on December 7, 2010, Staff informed the Commission that depending on settlement efforts, Staff might seek to bring an application to hold the next hearing in this matter in writing;

AND WHEREAS on December 7, 2010, the Commission directed that the First Temporary Order against the Corporate Respondents, and the Amended Second Temporary Order against the Individual Respondents, be consolidated into a single temporary order (the “Temporary Order”);

AND WHEREAS on December 7, 2010, the Commission considered the evidence and submissions before it and the Commission was of the opinion that it was in the public interest that pursuant to subsections 127(7) and 127(8) of the Act, the Temporary Order be extended to March 3, 2011, without prejudice to Feder to bring a motion if he opposes the extension and that the hearing in this matter be adjourned to February 16, 2011 at 2:00 p.m.;

AND WHEREAS on February 16, 2011, Staff, Schaumer, Shiff and counsel for Feder attended the hearing, no person appeared on behalf of the Corporate Respondents, counsel for Pasternak, Walker and Brikman did not appear and Harper, Rash, Tsatskin, Groberman, Bajovski and Cohen did not appear;

AND WHEREAS on February 16, 2011, Staff requested the extension of the Temporary Order against the Individual Respondents and the Corporate Respondents; and Schaumer and Shiff consented to the extension of the Temporary Order;

AND WHEREAS on February 16, 2011, counsel for Feder consented to the extension of the Temporary Order of December 7, 2010, save and except for the exceptions outlined in this order;

AND WHEREAS on February 16, 2011, the Commission considered the evidence and submissions before it and the Commission was of the opinion that it was in the public interest to adjourn the hearing to May 3, 2011 at 10:00 a.m. and to further extend the Temporary Order until May 4, 2011;

June 5, 2014 (2014), 37 OSCB 5414

Decisions, Orders and Rulings

AND WHEREAS on February 16, 2011, it was further ordered pursuant to subsections 127(7) and (8) of the Act, that the Temporary Order be extended to May 4, 2011, save and except that:

(a) Feder is permitted to trade securities in an account in his own name or in an account of his registered retirement savings plan (as defined in the Income Tax Act (Canada)) in which Feder has the sole legal and beneficial ownership, provided that:

(i) the securities traded are listed and posted for trading on the Toronto Stock Exchange, the New York Stock Exchange, or NASDAQ (or their successor exchanges) which is a reporting issuer; and

(ii) Feder carries out any permitted trading through a dealer registered with the Commission (which dealer must be given a copy of this order) and through accounts opened in Feder’s name only; and

(b) Feder is permitted to contact the existing shareholders of (i) Genesis Rare Diamonds (Ontario) Ltd. (ii) Kimberlite Diamond Corporation and (iii) their subsidiaries, none of which is a reporting issuer, or their counsel and to discuss/explore the potential for the sale of Feder’s shares in those corporations to any or all of their existing shareholders and/or the purchase of Feder’s shares in those corporations by the respective corporations for cancellation, provided that Feder’s shares are not actually sold and/or purchased without Feder first obtaining a further exemption/order from the Commission that permits such sale(s) and/or purchase(s);

AND WHEREAS on May 3, 2011, Staff, Schaumer, Shiff and Silverstein attended the hearing, no one appeared on behalf of the Corporate Respondents, counsel for Pasternak, Walker and Brikman did not appear, counsel for Rash did not appear and Tsatskin, Harper, Groberman, Bajovski and Cohen did not appear;

AND WHEREAS on May 3, 2011, Staff requested an extension of the Temporary Order against the Individual Respondents and the Corporate Respondents and Schaumer, Shiff and Silverstein did not object to an extension of the Temporary Order;

AND WHEREAS on May 3, 2011, the Commission considered the evidence and submissions before it and the Commission was of the opinion that it was in the public interest to extend the Temporary Order against all named Respondents, except Rash, to the conclusion of the hearing on the merits; to extend the Temporary Order against Rash until July 12, 2011, and to adjourn the hearing to July 11, 2011 at 10:00 a.m., at which time Rash will have the opportunity to make submissions regarding any further extension of the Temporary Order against him;

AND WHEREAS on July 11, 2011, Staff, Harper and Shiff attended the hearing and no one appeared on behalf of the Corporate Respondents, Pasternak, Walker, Brikman, Feder, Tsatskin, Schaumer, Silverstein, Groberman, Bajovski or Cohen;

AND WHEREAS on July 11, 2011, Staff informed the Commission that Rash had recently retained new counsel in a related matter, and that Rash’s new counsel had advised Staff that he would not be attending the hearing;

AND WHEREAS on July 11, 2011, Staff requested a further extension of the Temporary Order against Rash;

AND WHEREAS on July 11, 2011, the Commission considered the evidence and submissions before it and the Commission was of the opinion that it was in the public interest to extend the Temporary Order against Rash to September 27, 2011, and to adjourn the hearing to September 26, 2011 at 10:00 a.m. at which time Rash would have the opportunity to make submissions regarding any further extension of the Temporary Order against him;

AND WHEREAS on September 1, 2011, the Commission approved settlement agreements between Staff and each of Pasternak, Walker and Brikman;

AND WHEREAS on September 26, 2011, Staff, Harper, Schaumer, Silverstein and Shiff attended the hearing and no one appeared on behalf of the Corporate Respondents, Feder, Rash, Tsatskin, Groberman, Bajovski or Cohen;

AND WHEREAS on September 26, 2011, Staff requested a further extension of the Temporary Order against Rash;

AND WHEREAS on September 26, 2011, the Commission ordered that the Temporary Order be extended against Rash until November 29, 2011, and that the hearing be adjourned to November 28, 2011 at 10:00 a.m.;

AND WHEREAS on November 28, 2011, Staff and Shiff attended the hearing and no one appeared on behalf of the Corporate Respondents or any of the other Individual Respondents;

June 5, 2014 (2014), 37 OSCB 5415

Decisions, Orders and Rulings

AND WHEREAS the Commission was satisfied that the Corporate Respondents and the Individual Respondents had been properly served with notice of the hearing;

AND WHEREAS on November 28, 2011, Staff requested a further extension of the Temporary Order against Rash;

AND WHEREAS on November 28, 2011, the Commission ordered that the Temporary Order be extended against Rash until December 16, 2011, and that the hearing be adjourned to December 15, 2011 at 9:30 a.m.;

AND WHEREAS on November 29, 2011, the Commission approved settlement agreements between Staff and each of Silverstein and Schaumer;

AND WHEREAS on December 15, 2011, Staff attended the hearing and no one appeared on behalf of the Corporate Respondents or the Individual Respondents;

AND WHEREAS the Commission was satisfied that the Corporate Respondents and the Individual Respondents had been properly served with notice of the hearing;

AND WHEREAS on December 15, 2011 Staff requested a further extension of the Temporary Order against Rash;

AND WHEREAS on December 15, 2011, the Commission considered the evidence and submissions before it and the Commission was of the opinion that it was in the public interest to extend the Temporary Order against Rash to October 22, 2012, and to adjourn the hearing to October 19, 2012 at 10:00 a.m., without prejudice to either Staff or Rash to apply for a variation of the Temporary Order under section 144 of the Act;

AND WHEREAS on January 20, 2011, the Commission approved a settlement agreement between Staff and Feder;

AND WHEREAS on October 19, 2012, Staff attended the hearing and no one appeared on behalf of Rash;

AND WHEREAS the Commission was satisfied that Staff served or made reasonable attempts to serve the Corporate Respondents and the Individual Respondents with notice of the hearing;

AND WHEREAS on October 19, 2012, Staff requested a further extension of the Temporary Order against Rash;

AND WHEREAS on October 19, 2012, the Commission ordered that the Temporary Order be extended against Rash until February 28, 2013, without prejudice to either Staff or Rash to apply for a variation of the Temporary Order under section 144 of the Act, and that the hearing be adjourned to February 27, 2013 at 10:00 a.m.;

AND WHEREAS on February 27, 2013, Staff attended the hearing and no one appeared on behalf of Rash;

AND WHEREAS Staff filed the Affidavit of Peaches A. Barnaby sworn February 27, 2013 (the “February 27th Affidavit”) outlining service on Rash of the Commission’s Order dated October 19, 2012;

AND WHEREAS the Commission was satisfied that Staff served or made reasonable attempts to serve the Corporate Respondents and the Individual Respondents with notice of the hearing;

AND WHEREAS Staff informed the Commission that Rash pleaded guilty to breaching Ontario securities law in connection with his activities as a salesperson at Global Energy in proceedings before the Ontario Court of Justice and that a hearing was scheduled for March 20, 2013, at which the parties to that proceeding may make submissions on sentence;

AND WHEREAS Staff requested a further extension of the Temporary Order to a date following the sentencing hearing;

AND WHEREAS the February 27th Affidavit set out Rash’s consent, through his counsel, to the extension of the Temporary Order;

AND WHEREAS on February 27, 2013, the Commission considered the evidence and submissions before it and the Commission was of the opinion that it was in the public interest to extend the Temporary Order against Rash until April 29, 2013, without prejudice to either Staff or Rash to apply for a variation of the Temporary Order under section 144 of the Act, and to adjourn the hearing to April 26, 2013 at 11:00 a.m.;

AND WHEREAS a letter from Staff to the Secretary of the Commission, dated April 24, 2013 (the “April 24 Letter”), accompanied an Affidavit of Peaches A. Barnaby of Staff, sworn April 24, 2013 (the “April 24 Affidavit”), which outlined service on Rash of the Commission’s Order dated February 27, 2013;

June 5, 2014 (2014), 37 OSCB 5416

Decisions, Orders and Rulings

AND WHEREAS in the April 24 Affidavit, it is stated that the sentencing hearing in respect of Rash commenced on March 20, 2013 and is scheduled to continue on July 17, 2013, and that counsel for Rash consents to a further extension of the Temporary Order against Rash to a date following the sentencing hearing on July 17, 2013;

AND WHEREAS in the April 24 Letter, Staff requests that:

(i) the oral hearing scheduled for April 26, 2013 proceed in writing and that the date for the oral hearing be vacated;

(ii) the Temporary Order be extended to a date following the sentencing hearing on July 17, 2013; and

(iii) the hearing be adjourned to the business day immediately preceding that date;

AND WHEREAS the Commission considered the April 24 Letter and the April 24 Affidavit and was of the opinion that it was in the public interest to order that:

(i) the oral hearing scheduled for April 26, 2013 proceed in writing and the hearing date scheduled for April 26, 2013 be vacated;

(ii) the Temporary Order be extended against Rash until September 5, 2013; and

(iii) the hearing be adjourned to September 4, 2013 at 11:00 a.m.

AND WHEREAS on September 4, 2013, Staff attended the hearing and no one appeared on behalf of Rash;

AND WHEREAS Staff filed the Affidavit of Tia Faerber sworn August 28, 2013 (the “August 28 Affidavit”) outlining service of the Commission’s Order dated April 26, 2013 on Rash;

AND WHEREAS Staff advised the Panel that a pre-sentence report (“PSR”) has been ordered in connection with Rash’s sentencing hearing before the Ontario Court of Justice and the parties are scheduled to attend before Justice Gorewich in connection with the PSR on November 7, 2013 (the “PSR Hearing”);

AND WHEREAS Staff requested that the Temporary Order be extended and that the hearing to consider a further extension be adjourned to a date following the PSR Hearing;

AND WHEREAS the August 28 Affidavit attached correspondence from Rash’s lawyer’s office confirming that Rash consents to an extension of the Temporary Order to a date following the PSR Hearing;

AND WHEREAS the Commission ordered that the Temporary Order be extended against Rash until December 19, 2013 and the hearing to consider a further extension of the Temporary Order be adjourned to December 17, 2013 at 3:30 p.m;

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

AND WHEREAS Staff advised the Panel that the parties attended before Justice Gorewich on November 7, 2013 for the PSR Hearing and that, at the conclusion of that hearing, Rash was sentenced to nine months incarceration;

AND WHEREAS Staff advised the Panel that Staff has been in contact with Rash’s counsel in the proceedings before the Ontario Court of Justice and Rash’s counsel in those proceedings has advised Staff that he is seeking instructions from Rash as to his continued representation of Rash in connection with the proceedings before the Commission;

AND WHEREAS Staff further advised the Panel that Staff is awaiting the release of the transcript and the final reasons for judgment in connection with Rash’s sentencing in the Ontario Court of Justice;

AND WHEREAS Staff requested that the Temporary Order be extended and that the hearing to consider a further extension be adjourned for approximately six weeks;

AND WHEREAS the Commission ordered that the Temporary Order be extended against Rash until January 31, 2014 and the hearing to consider a further extension of the Temporary Order be adjourned to January 29, 2014 at 10:30 a.m.;

AND WHEREAS on January 29, 2014, Staff attended the hearing and no one appeared on behalf of Rash;

AND WHEREAS Staff filed the Affidavit of Tia Faerber sworn January 28, 2014 outlining service of the Commission’s Order dated December 17, 2013 on Moishe Reiter, Rash’s counsel in the proceedings before the Ontario Court of Justice;

June 5, 2014 (2014), 37 OSCB 5417

Decisions, Orders and Rulings

AND WHEREAS Staff advised the Panel that Staff has obtained the final reasons for judgment in connection with Rash’s sentencing in the Ontario Court of Justice and that Staff has been in contact with Mr. Reiter in connection with this matter;

AND WHEREAS Staff requested that the Temporary Order be extended and that the hearing to consider a further extension be adjourned for approximately two months;

AND WHEREAS the Commission ordered that the Temporary Order be extended against Rash until April 1, 2014 and the hearing to consider a further extension of the Temporary Order be adjourned to March 28, 2014 at 10:00 a.m.;

AND WHEREAS on March 7, 2014, the Commission commenced proceedings against Rash pursuant to subsections 127(1) and 127(10) of the Act on the basis of a Statement of Allegations filed by Staff (the “Section 127(10) Proceeding”);

AND WHEREAS on March 28, 2014, Staff attended the hearing and no one appeared on behalf of Rash;

AND WHEREAS the Panel was satisfied that Rash had notice of the hearing and consented to an extension of the Temporary Order;

AND WHEREAS on March 28, 2014, the Commission ordered that the Temporary Order be extended against Rash until May 30, 2014 and the hearing to consider a further extension of the Temporary Order be adjourned to May 27, 2014 at 10:00 a.m.;

AND WHEREAS on May 27, 2014, Staff attended the hearing and no one appeared on behalf of Rash;

AND WHEREAS the Panel was satisfied that Rash had notice of the hearing and consented to an extension of the Temporary Order to the conclusion of the Section 127(10) Proceeding;

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

IT IS ORDERED THAT the Temporary Order is extended against Rash until the conclusion of the Section 127(10) Proceeding, including if appropriate, any final determination with respect to sanctions and costs.

DATED at Toronto this 27th day of May, 2014.

“Edward P. Kerwin”

June 5, 2014 (2014), 37 OSCB 5418

Decisions, Orders and Rulings

2.2.3 Howard Rash 2.2.4 Magna International Inc. – s. 104(2)(c)

IN THE MATTER OF Headnote THE SECURITIES ACT, R.S.O. 1990, c. S.5, AS AMENDED Section 104(2)(c) of the Act – Issuer bid – relief from issuer bid requirements in sections 94 to 94.8 and 97 to 98.7 of AND the Act – Issuer proposes to purchase, at a discounted purchase price, up to 2,150,000 of its common shares from IN THE MATTER OF one of its shareholders – due to the discounted purchase HOWARD RASH price, proposed purchases cannot be made through the TSX trading system – but for the fact that the proposed ORDER purchases cannot be made through the TSX trading system, the Issuer could otherwise acquire the subject WHEREAS on March 7, 2014, the Ontario shares in reliance upon the issuer bid exemption available Securities Commission (the “Commission”) issued a Notice under section 101.2 of the Act and in accordance with the of Hearing (the “Notice of Hearing”) pursuant to TSX rules governing normal course issuer bid purchases – subsections 127(1) and 127(10) of the Securities Act, no adverse economic impact on, or prejudice to, the issuer R.S.O. 1990 c. S.5 as amended (the “Act”) accompanied or public shareholders – proposed purchases exempt from by a Statement of Allegations of Staff of the Commission the issuer bid requirements in sections 94 to 94.8 and 97 to dated March 7, 2014 with respect to Howard Rash 98.7 of the Act, subject to conditions, including that the (“Rash”); issuer not purchase, in the aggregate, more than one-third of the maximum number of shares to be purchased under AND WHEREAS the Notice of Hearing its normal course issuer bid by way of off-exchange block announced that a hearing would be held at the offices of purchases. the Commission on March 28, 2014; Applicable Legislative Provisions AND WHEREAS on March 28, 2014, Staff attended the hearing and no one appeared on behalf of Securities Act, R.S.O. 1990, c. S.5, as am., ss. 94 to 94.8, Rash; 97 to 98.7, 104(2)(c).

AND WHEREAS the Commission was satisfied IN THE MATTER OF that Rash had notice of the hearing and consented to an THE SECURITIES ACT, adjournment; R.S.O. 1990, c.S.5, AS AMENDED

AND WHEREAS on March 28, 2014, the AND Commission ordered that the hearing be adjourned to May 27, 2014 at 10:00 a.m.; IN THE MATTER OF MAGNA INTERNATIONAL INC. AND WHEREAS on May 27, 2014, Staff attended the hearing and no one appeared on behalf of Rash; ORDER (Clause 104(2)(c)) AND WHEREAS Staff requested an adjournment of the hearing; UPON the application (the “Application”) of Magna International Inc. (the “Issuer”) to the Ontario AND WHEREAS the Commission was satisfied Securities Commission (the “Commission”) for an order that Rash had notice of the hearing and consented to the pursuant to clause 104(2)(c) of the Securities Act (Ontario) adjournment; (the “Act”) exempting the Issuer from the requirements of sections 94 to 94.8, inclusive, and sections 97 to 98.7, AND WHEREAS the Commission is of the opinion inclusive, of the Act (the “Issuer Bid Requirements”) in that it is in the public interest to make this Order; connection with the proposed purchases (the “Proposed Purchases”) by the Issuer of up to 2,150,000 common IT IS HEREBY ORDERED that the hearing is shares of the Issuer (the “Subject Shares”) in one or more adjourned to August 27, 2014 at 10:00 a.m. or such further tranches, from The Toronto-Dominion Bank (the “Selling or other dates as may be agreed to by the parties and fixed Shareholder”); by the Office of the Secretary. AND UPON considering the Application and the DATED at Toronto this 27th day of May, 2014. recommendation of staff of the Commission;

“Edward Kerwin” AND UPON the Issuer (and the Selling Shareholder in respect of paragraphs 5, 6, 7, 8, 12 and 24 as they relate to the Selling Shareholder) having represented to the Commission that:

June 5, 2014 (2014), 37 OSCB 5419

Decisions, Orders and Rulings

1. The Issuer is a corporation governed by the accepted an amendment to the Original Notice Business Corporations Act (Ontario). (the “Amendment” and together with the Original Notice, the “Notice”) effective May 16, 2014 to 2. The registered and principal business office of the increase the number of Common Shares the Issuer is 337 Magna Drive, Aurora, Ontario, L4G Issuer is permitted to purchase under the Normal 7K1. Course Issuer Bid to 20,000,000 Common Shares, representing approximately 9% of the 3. The Issuer is a reporting issuer in each of the Issuer’s public float of Common Shares as of provinces of Canada and its common shares are November 6, 2013. listed for trading on the Toronto Stock Exchange (the “TSX”) and the New York Stock Exchange 10. The Issuer was granted orders on November 22, (the “NYSE”) under the symbols “MG” and “MGA”, 2013 (the “November 2013 Order”) and March respectively. The Issuer is not in default of any 18, 2014 (the “March 2014 Order”) pursuant to requirement of the securities legislation in the clause 104(2)(c) of the Act exempting the Issuer jurisdictions in which it is a reporting issuer. from the requirements of sections 94 to 94.8, inclusive, and sections 97 to 98.7, inclusive, of the 4. The Issuer’s authorized share capital consists of Act in connection with the proposed purchases by an unlimited number of common shares the Issuer of up to 3,200,000 Common Shares (“Common Shares”), of which 217,934,153 are and 600,000 Common Shares, respectively, in issued and outstanding as of May 15, 2014, and tranches from arm’s length selling shareholders. 99,760,000 preference shares (“Preference The Issuer has purchased 3,200,000 Common Shares”) issuable in series. As of May 15, 2014, Shares under the November 2013 Order and no Preference Shares are issued or outstanding. 600,000 Common Shares under the March 2014 Order. 5. The Selling Shareholder has advised the Issuer that its corporate headquarters are located in the 11. In accordance with the Notice, the Normal Course Province of Ontario. The trades contemplated by Issuer Bid is conducted through the facilities of the this application will be executed and settled in the TSX and purchases may also be made on the Province of Ontario. NYSE or by such other means as may be permitted by the TSX and/or the NYSE, in 6. The Selling Shareholder has advised the Issuer accordance with sections 628 to 629.3 of Part VI that it does not directly or indirectly beneficially of the TSX Company Manual (the “TSX NCIB own more than 5% of the issued and outstanding Rules”), including private agreements under an Common Shares. issuer bid exemption order issued by a securities regulatory authority. 7. The Selling Shareholder has advised the Issuer that it is the beneficial owner of at least 2,150,000 12. The Issuer and the Selling Shareholder currently Common Shares and that the Subject Shares intend to enter into one or more agreements of were not acquired by the Selling Shareholder in purchase and sale (each, an “Agreement”), anticipation of resale pursuant to private pursuant to which the Issuer will, subject to market agreements under an issuer bid exemption order conditions, agree to acquire some or all of the by a securities regulatory authority (“Off- Subject Shares from the Selling Shareholder in Exchange Block Purchase”). one or more tranches, such tranches to occur not more than once per calendar week and no one 8. The Selling Shareholder is at arm’s length to the tranche to exceed 600,000 Common Shares, each Issuer and is not an “insider” of the Issuer or an to occur prior to November 13, 2014 (each such “associate” of an “insider” of the Issuer, or an purchase, a “Proposed Purchase”) for a “associate” or “affiliate” of the Issuer, as such purchase price (each, a “Purchase Price”) that terms are defined in the Act. The Selling will be negotiated at arm’s length between the Shareholder is an “accredited investor” within the Issuer and the Selling Shareholder. The Purchase meaning of National Instrument 45-106 – Price will be at a discount to the prevailing market Prospectus and Registration Exemptions. price on the TSX and below the prevailing bid-ask price for the Issuer’s Common Shares at the time 9. Pursuant to a Notice of Intention to Make a of each Proposed Purchase. Normal Course Issuer Bid (the “Original Notice”), which was accepted by the TSX effective 13. The Subject Shares acquired under each November 11, 2013, the Issuer was permitted to Proposed Purchase will constitute a “block”, as make a normal course issuer bid (the “Normal that term is defined in section 628 of the TSX Course Issuer Bid”) to purchase up to NCIB Rules. 12,000,000 Common Shares, representing approximately 5.4% of the Issuer’s public float of 14. The purchases of the Subject Shares by the Common Shares as of November 6, 2013. On Issuer pursuant to each Agreement will constitute May 13, 2014, the Issuer announced that the TSX

June 5, 2014 (2014), 37 OSCB 5420

Decisions, Orders and Rulings

an “issuer bid” for purposes of the Act, to which 22. The Common Shares are “highly-liquid securities” the Issuer Bid Requirements would apply. within the meaning of section 1.1 of OSC Rule 48- 501 Trading during Distributions, Formal Bids and 15. Because the Purchase Price will be at a discount Share Exchange Transactions and section 1.1 of to the prevailing market price on the TSX and the Universal Market Integrity Rules. below the prevailing bid-ask price for the Issuer’s Common Shares, at the time of each Proposed 23. Other than the Purchase Price, no fee or other Purchase, each Proposed Purchase cannot be consideration will be paid by the Issuer in made through the TSX trading system and, connection with the Proposed Purchases. therefore, will not occur “through the facilities” of the TSX. As a result, the Issuer will be unable to 24. At the time that each Agreement is entered into by acquire the Subject Shares from the Selling the Issuer and the Selling Shareholder and at the Shareholder in reliance upon the exemption from time of each Proposed Purchase, neither the the Issuer Bid Requirements that is available Issuer nor the trading products group of, nor pursuant to section 101.2(1) of the Act. personnel of, the Selling Shareholder that have negotiated the Agreement or have made, or 16. But for the fact that the Purchase Price will be at a participated in the making of, or provided advice in discount to the prevailing market price on the TSX connection with, the decision to enter into the and below the prevailing bid-ask price for the Agreement and sell the Subject Shares will be Issuer’s Common Shares, at the time of each aware of any “material change” or any “material Proposed Purchase, the Issuer could otherwise fact” (each as defined in the Act) in respect of the acquire the Subject Shares as a “block purchase” Issuer that has not been generally disclosed. (a “Block Purchase”) in accordance with the block purchase exception in section 629(l)(7) of 25. On March 31, 2014 the Issuer announced that it the TSX NCIB Rules and the exemption from the entered into an automatic share purchase plan Issuer Bid Requirements available pursuant to (the “Plan”) with a broker, providing for the section 101.2(1) of the Act. repurchase of Common Shares to be conducted by the broker on the TSX, NYSE or other 17. The sale of any of the Subject Shares to the published markets under the Normal Course Issuer will not be a “distribution” (as defined in the Issuer Bid at such times when the Issuer would Act). not be permitted to trade in its Common Shares during regularly scheduled quarterly blackout 18. For each Proposed Purchase, the Issuer will be periods. The Plan was reviewed and approved by able to acquire the Subject Shares from the the TSX, and was implemented by the Issuer Selling Shareholder without the Issuer being effective April 1, 2014. Under the Plan, purchases subject to the dealer registration requirements of by the broker must be made in accordance with the Act. the instructions and parameters provided by the Issuer. The Issuer will instruct the broker not to 19. Management of the Issuer is of the view that the conduct a Block Purchase in accordance with the Issuer will be able to purchase the Subject Shares TSX NCIB Rules during the calendar week that at a lower price than the price at which it would be the Issuer completes a Proposed Purchase. No able to purchase the Subject Shares under the purchases of Subject Shares pursuant to Off- Normal Course Issuer Bid, through the facilities of Exchange Block Purchases will be made during the TSX, and management is of the view that this blackout periods. is an appropriate use of funds to increase shareholder value. 26. The Issuer will not purchase, pursuant to private agreements under issuer bid exemption orders by 20. The purchase of the Subject Shares will not a securities regulatory authority, in aggregate, adversely affect the Issuer or the rights of any of more than one-third of the maximum number of the Issuer’s securityholders and will not materially Common Shares that the Issuer can purchase affect control of the Issuer. To the knowledge of under its Normal Course Issuer Bid. the Issuer, the Proposed Purchases will not prejudice the ability of other securityholders of the AND UPON the Commission being satisfied to do Issuer to otherwise sell Common Shares in the so would not be prejudicial to the public interest; open market at the prevailing market price. The Proposed Purchases will be carried out with a IT IS ORDERED pursuant to clause 104(2)(c) of minimum cost to the Issuer. the Act that the Issuer be exempt from the Issuer Bid Requirements in connection with the Proposed Purchases, 21. To the best of the Issuer’s knowledge, as of May provided that: 15, 2014, the “public float” for the Issuer’s Common Shares represented approximately (a) the Proposed Purchases will be taken 99.5% of all issued and outstanding Common into account by the Issuer when calcu- Shares for purposes of the TSX NCIB Rules. lating the maximum annual aggregate

June 5, 2014 (2014), 37 OSCB 5421

Decisions, Orders and Rulings

limit that is imposed upon the Issuer’s (h) at the time that each Agreement is Normal Course Issuer Bid in accordance entered into by the Issuer and the Selling with the TSX NCIB Rules; Shareholder and at the time of each Proposed Purchase, neither the Issuer (b) the Issuer will refrain from conducting a nor the trading products group of, nor Block Purchase in accordance with the personnel of, the Selling Shareholder TSX NCIB Rules during the calendar that have negotiated the Agreement or week that it completes each Proposed have made, or participated in the making Purchase and may not make any further of, or provided advice in connection with, purchases under its Normal Course the decision to enter into the Agreement Issuer Bid for the remainder of that and sell the Subject Shares will be aware calendar day on which it completes each of any “material change” or any “material Proposed Purchase; fact” (each as defined in the Act) in respect of the Issuer that has not been (c) the Purchase Price for each Proposed generally disclosed; and Purchase is not higher than the last “independent trade” (as that term is used (i) the Issuer does not purchase, pursuant in paragraph 629(l)1 of the TSX NCIB to Off-Exchange Block Purchases, in the Rules) of a board lot of Common Shares aggregate more than one-third of the immediately prior to the execution of maximum number of Common Shares each Proposed Purchase; that the Issuer can purchase under its Normal Course Issuer Bid, such one-third (d) the Issuer will otherwise acquire any being equal to, as of the date of this additional Common Shares pursuant to Order, 6,666,666 Common Shares. the Issuer’s Normal Course Issuer Bid in accordance with the Notice and the TSX DATED at Toronto this 30th day of May, 2014. NCIB Rules, including by means of open market transactions and by other means “Deborah Leckman” as may be permitted by the TSX, Commissioner including under automatic trading plans Ontario Securities Commission and, subject to condition (i) below, by private agreements under an issuer bid “Edward Kerwin” exemption order issued by a securities Commissioner regulatory authority; Ontario Securities Commission

(e) immediately following each Proposed Purchase of the Subject Shares from the Selling Shareholder, the Issuer will report the purchase of the Subject Shares to the TSX;

(f) the Issuer will issue a press release disclosing (i) its intention to make the Proposed Purchases, and where such Proposed Purchases are made in tranches, in advance of the first tranche with the Selling Shareholder, and (ii) that information regarding each Proposed Purchase, including the number of Common Shares purchased and the aggregate purchase price, will be available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) following the completion of each Proposed Purchase;

(g) the Issuer will report information regarding each Proposed Purchase, including the number of Common Shares purchased and the aggregate purchase price, on SEDAR before 5:00 p.m. (Toronto time) on the business day following such purchase;

June 5, 2014 (2014), 37 OSCB 5422

Decisions, Orders and Rulings

2.2.5 Mariana Resources Limited

Headnote

Subsection 1(10) of the Securities Act – Application by a reporting issuer for an order that it is not a reporting issuer – To the knowledge of the reporting issuer, and based on diligent enquiry, residents of Canada (i) do not directly or indirectly beneficially own more than 2% of each class or series of outstanding securities of the reporting issuer worldwide, and (ii) do not directly or indirectly comprise more than 2% of the total number of shareholders of the Applicant worldwide – Issuer is subject to U.K. securities law and requirements of the AIM – Applicant has provided notice through a press release that it has submitted an application to cease to be a reporting issuer in Ontario.

Applicable Legislative Provisions

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

IN THE MATTER OF THE SECURITIES ACT, R.S.O. 1990, CHAPTER S.5, AS AMENDED (THE “ACT”)

AND

IN THE MATTER OF MARIANA RESOURCES LIMITED (THE “APPLICANT”)

ORDER

The Applicant has applied to the Ontario Securities Commission (the “Commission”) for an order under subclause 1(10)(a)(ii) of the Act that the Applicant is not a reporting issuer.

UPON the Director having received an application from the Applicant for an order under subparagraph 1 (10)(a)(ii) of the Act that the Applicant is not a reporting issuer in Ontario (the “Requested Order”);

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

AND UPON the Applicant representing to the Commission as follows:

1. Mariana Resources Limited was incorporated in Guernsey under The Companies (Guernsey) Laws, 1994 to 1996 (as amended) (Registered No. 44276) on January 31, 2006 and is organized under The Companies (Guernsey) Law, 2008, as amended.

2. The Applicant is a mineral exploration and development company focused on the areas of Peru and southern Argentina. Its head office is located at Suite 102, 3 Eden Street, North Sydney, NSW 2060, Australia. The Applicant does not have operations in Canada.

3. The Company’s share capital is divided into ordinary shares (the “Shares”) of £0.0001 each, of which 423,908,074 Shares were issued and outstanding as of March 18, 2014. All of the issued Shares are fully paid and non-assessable.

4. The Applicant is a reporting issuer in Ontario. The Applicant is not noted as being in default on the list of reporting issuers maintained by the Commission.

5. The Applicant is listed on the Alternative Investment Market of the London Stock Exchange (“AIM”) in the United Kingdom (the “UK”) under the trading symbol “MARL”. The Applicant voluntarily delisted its Shares from the Toronto Stock Exchange (the “TSX”) on or about February 12, 2013.

De minimis securityholder base in Canada

6. In support of the representations set forth in paragraph 10 below concerning the percentage of outstanding securities and the total number of securityholders in Canada, the Applicant sought and obtained information from Orient Capital Pty Ltd. (the “Analyst”). The Analyst is the largest analyser of share registers globally and the dominant provider of equity ownership analytics in multiple markets. The Applicant directed the Analyst to undertake a thorough and diligent

June 5, 2014 (2014), 37 OSCB 5423

Decisions, Orders and Rulings

analysis of its shareholdings for the purposes of determining the number, holdings, identity and geographic location of the holders of its outstanding Shares, on a registered and beneficial basis.

7. The Analyst examined the shareholder register as at March 18, 2014 to determine the registered shareholders of the Applicant (the “Registered Shareholders”), their respective places of residence and their respective shareholdings. The Analyst determined that as at March 18, 2014, the Applicant had 423,908,074 Shares outstanding worldwide. The Analyst determined that of 523 worldwide Registered Shareholders, a total of 34,500 Shares were held by two Registered Shareholders with addresses in Canada. As a result, the Analyst concluded that as at March 18, 2014, Registered Shareholders with residences in Canada held 0.01% of the total number of issued and outstanding Shares worldwide and make up approximately 0.38% of Registered Shareholders worldwide.

8. The Analyst contacted each nominee/broker/intermediary directly to determine the beneficial shareholders of the Applicant (“Beneficial Shareholders”), their respective places of residence and their respective shareholdings as at March 18, 2014. The Analyst was able to track the beneficial ownership of 99.96% of the outstanding Shares as of March 18, 2014. The Analyst determined that of 619 worldwide Beneficial Shareholders, a total of 5,431,690 Shares were held by 9 Beneficial Shareholders with addresses in Canada. As a result, the Analyst concluded that as at March 18, 2014, Beneficial Shareholders with residences in Canada held 1.28% of the total number of issued and outstanding Shares and make up approximately 1.45% of Beneficial Shareholders.

9. The Applicant believes that the foregoing inquiries and scope of the analysis of the Analyst were reasonable, given that the Applicant’s share register and the method of contacting each nominee/broker/intermediary holding Shares directly are the only sources and methods available to obtain information about the Applicant’s shareholders, their respective places of residence and respective shareholdings.

10. Accordingly, based on the four foregoing paragraphs, as of March 18, 2014, residents of Canada do not:

(a) directly or indirectly beneficially own more than 2% of each class or series of outstanding securities (including debt securities) of the Applicant worldwide, and

(b) directly or indirectly comprise more than 2% of the total number of securityholders of the Applicant worldwide.

No Canadian capital markets activity

11. The Applicant has no current intention to seek public financing by way of an offering of securities in any jurisdiction in Canada.

12. In the 12 months before the date hereof, the Applicant has not taken any steps that indicate there is a market for its securities in Canada and, in particular, has not conducted a prospectus offering in Canada, nor has it established or maintained a listing on a Canadian marketplace or exchange. The Applicant voluntarily delisted its Shares from the TSX on or about February 12, 2013. Since then none of the Applicant’s securities are or have been listed, traded or quoted on a marketplace in Canada as defined in National Instrument 21-101 Marketplace Operation and the Applicant does not intend to have its securities listed, traded or quoted on such a marketplace in Canada.

No prejudice for Canadian investors

13. On April 3, 2014, the Applicant provided advance notice to Canadian resident securityholders in a news release that it had applied to the Commission for a decision that it is not a reporting issuer in Canada and, if that decision is made, the issuer will no longer be a reporting issuer in any jurisdiction of Canada.

14. The Applicant files continuous disclosure reports under UK securities laws and is listed on AIM in the UK. The Applicant is not in default of any of the requirements of AIM or applicable securities UK law.

15. All disclosure required to be made by the Applicant under applicable UK securities laws and AIM requirements is publicly available to all of the Applicant’s securityholders through the Applicant’s website at www.marianaresources.com.

16. The Applicant undertakes that it will concurrently deliver to its Canadian registered securityholders, all disclosure the Applicant is required to deliver to its non-Canadian registered securityholders under applicable UK securities law and AIM requirements.

AND UPON the Commission being satisfied that it would not be prejudicial to the public interest.

June 5, 2014 (2014), 37 OSCB 5424

Decisions, Orders and Rulings

IT IS HEREBY ORDERED pursuant to subclause 1(10)(a)(ii) of the Act that, for the purposes of Ontario securities law, the Applicant is not a reporting issuer.

DATED this 27th day of May, 2014.

“James Turner” Commissioner Ontario Securities Commission

“Wesley Scott” Commissioner Ontario Securities Commission

June 5, 2014 (2014), 37 OSCB 5425

Decisions, Orders and Rulings

2.2.6 Newer Technologies Limited et al. – ss. 127(1), 127.1

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

AND

IN THE MATTER OF NEWER TECHNOLOGIES LIMITED, RYAN PICKERING AND RODGER FREY

ORDER (Subsection 127(1) and section 127.1)

WHEREAS on December 4, 2012, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) in connection with a Statement of Allegations filed by Staff of the Commission (“Staff”) on December 4, 2012 in respect of Newer Technologies Limited, Ryan Pickering and Rodger Frey (collectively, the “Respondents”);

AND WHEREAS the Respondents were served with the Notice of Hearing and Statement of Allegations on December 5, 2012;

AND WHEREAS the Notice of Hearing provided that a hearing would be held at the temporary hearing rooms of the Commission on January 11, 2013;

AND WHEREAS at the first attendance on January 11, 2013, Staff and counsel for Newer Technologies Limited and Ryan Pickering attended before the Commission;

AND WHEREAS Rodger Frey did not appear, however Staff indicated that Rodger Frey had contacted Staff to notify them that he was aware of the attendance but would not be present;

AND WHEREAS Staff requested that a confidential pre-hearing conference be scheduled, and counsel agreed;

AND WHEREAS the Commission ordered that a confidential pre-hearing conference take place on March 18, 2013 at 9:00 a.m.;

AND WHEREAS at the confidential pre-hearing conference on March 18, 2013, Staff and counsel for Newer Technologies Limited and Ryan Pickering, and counsel for Rodger Frey, attended and Staff requested that a further confidential pre-hearing conference be scheduled, and counsel agreed;

AND WHEREAS the Commission ordered that a confidential pre-hearing conference take place on July 9, 2013 at 10:00 a.m.;

AND WHEREAS at the confidential pre-hearing conference on July 9, 2013, Staff and counsel for Newer Technologies Limited and Ryan Pickering, and counsel for Rodger Frey, attended and Staff requested that dates for the hearing on the merits be scheduled, and counsel agreed, and the Commission ordered that a confidential pre-hearing conference take place on January 30, 2014 at 10:00 a.m. and the hearing on the merits in this matter commence on March 17, 2014 at 10:00 a.m. and continue on March 18, 19, 20, 21, 24, and 26, 2014 at 10:00 a.m.;

AND WHEREAS on January 24, 2014, on the consent of the parties, the Commission ordered that the date of January 30, 2014 at 10:00 a.m. set for the confidential pre-hearing conference be vacated;

AND WHEREAS on January 30, 2014, Staff and counsel for Newer Technologies Limited and Ryan Pickering, and counsel for Rodger Frey, attended before the Commission by telephone conference to address a request by Newer Technologies Limited and Ryan Pickering to adjourn the commencement of the hearing on the merits to dates mutually agreeable to all the parties, and the Commission heard submissions of the parties. On the consent of all parties, the Commission ordered that:

1. The dates of March 17, 18, 19, 20, 21, 24, and 26, 2014 set for the hearing on the merits be vacated;

2. The hearing on the merits in this matter will commence on September 8, 2014, and will continue thereafter on September 10, 11, 12, and 15, 2014; and

June 5, 2014 (2014), 37 OSCB 5426

Decisions, Orders and Rulings

3. A pre-hearing conference will be held on June 2, 2014 at 10:00 a.m.;

AND WHEREAS at the confidential pre-hearing conference on June 2, 2014, Staff and counsel for Newer Technologies Limited and Ryan Pickering, and counsel for Rodger Frey, attended, and Staff requested that a further confidential pre-hearing conference be scheduled, and counsel agreed;

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

IT IS HEREBY ORDERED that:

1. A pre-hearing conference will be held on August 13, 2014 at 12:00 p.m.; and

2. By the August 13, 2014 pre-hearing conference, the parties shall have served every other party with:

a. Witness lists and witness summaries; and

b. A draft index of documents for a proposed joint hearing brief.

DATED at Toronto this 2nd day of June, 2014.

“Alan J. Lenczner”

June 5, 2014 (2014), 37 OSCB 5427

Decisions, Orders and Rulings

2.2.7 Frederick Lawrence Marlatt, also known as Frederick Lawrence Mitschele and Michael Wallace Minor

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

AND

IN THE MATTER OF FREDERICK LAWRENCE MARLATT, also known as FREDERICK LAWRENCE MITSCHELE and MICHAEL WALLACE MINOR

ORDER

WHEREAS on December 11, 2013, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to sections 127(1) and 127(10) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) in respect of Frederick Lawrence Marlatt, also known as Frederick Lawrence Mitschele (“Mitschele”), and Michael Wallace Minor (“Minor”) (together, the “Respondents”);

AND WHEREAS on December 11, 2013, Staff of the Commission (“Staff”) filed a Statement of Allegations in respect of the same matter;

AND WHEREAS on January 17, 2014, Staff appeared before the Commission and brought an application to convert this matter to a written hearing (the “First Appearance”);

AND WHEREAS on January 17, 2014, Staff filed an affidavit of service sworn January 8, 2014 by Lee Crann, a Law Clerk with the Commission, which documented steps taken by Staff to serve the Respondents with the Notice of Hearing, Statement of Allegations and Staff’s disclosure materials, and made submissions to the Commission;

AND WHEREAS the Respondents did not attend the First Appearance;

AND WHEREAS on January 17, 2014, the Commission ordered the hearing adjourned to February 13, 2014 at 2:00 p.m. (the “January 17 Order”) to permit the Respondents time to object to Staff’s application to convert this matter to a written hearing, and for Staff to provide the Respondents with information concerning the Legal Assistance Program;

AND WHEREAS on February 13, 2014, Staff filed an affidavit sworn February 13, 2014 by Lee Crann, a Law Clerk with the Commission, confirming service on the Respondents of the January 17 Order, an amended Notice of Hearing dated January 22, 2014 and an amended Statement of Allegations dated January 21, 2014, and the provision of information concerning the Legal Assistance Program on the Respondents;

AND WHEREAS on February 13, 2013, the Commission heard an application by Staff to convert this matter to a written hearing, in accordance with Rule 11.5 of the Ontario Securities Commission Rules of Procedure (2012), 35 O.S.C.B. 10071, and section 5.1 of the Statutory Powers Procedure Act, R.S.O. 1990, c. S.22, as amended (the “Second Appearance”);

AND WHEREAS the Respondents did not attend the Second Appearance;

AND WHEREAS on February 13, 2014, the Commission ordered;

(a) Staff’s application to proceed by way of written hearing is granted;

(b) Staff’s materials in respect of the written hearing shall be filed on or before February 24, 2014;

(c) Staff are relieved from the requirement to provide the Respondents with any authorities upon which Staff relies that are contained within the Commission’s Book of Authorities, and where Staff relies on any such authority, Staff shall provide the Respondents with written instructions on how to locate the Commission’s Book of Authorities;

(d) The Respondents’ responding materials, if any, shall be served and filed no later than March 17, 2014 (the “Responding Materials”); and

(e) Staff’s reply materials, if any, shall be served and filed no later than March 24, 2014;

June 5, 2014 (2014), 37 OSCB 5428

Decisions, Orders and Rulings

AND WHEREAS the Respondents did not file any Responding Materials;

AND WHEREAS the Respondents are subject to an order dated July 18, 2013 made by the British Columbia Securities Commission (the “BCSC Order”) that imposes sanctions, conditions, restrictions or requirements on them within the meaning of paragraph 4 of subsection 127(10) of the Act;

AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order pursuant to subsections 127(1) and 127(10) of the Act;

IT IS HEREBY ORDERED THAT:

(a) upon Mitschele:

i. pursuant to paragraph 2 of subsection 127(1) of the Act, that trading in any securities or derivatives by Mitschele cease until July 18, 2018 except that Mitschele may trade for his own account through a registrant, if he gives the registrant a copy of the BCSC Order and a copy of this Order of the Commission in this proceeding;

ii. pursuant to paragraph 7 of subsection 127(1) of the Act, that Mitschele resign one or more positions that he holds as a director or officer of an issuer, other than Photo Violation Technologies Corp. (“PVT2”) and any issuer all the securities of which are owned beneficially by him or members of his family;

iii. pursuant to paragraph 8 of subsection 127(1) of the Act, that Mitschele is prohibited from becoming or acting as a director or officer of any issuer until July 18, 2018 other than PVT2 and any issuer all the securities of which are owned beneficially by him or members of his immediate family;

(b) upon Minor:

i. pursuant to paragraph 2 of subsection 127(1) of the Act, that trading in any securities or derivatives by Minor cease until July 18, 2018, except that Minor may trade for his own account through a registrant, if he gives the registrant a copy of the BCSC Order and a copy of this order of the Commission in this proceeding;

ii. pursuant to paragraph 7 of subsection 127(1) of the Act, that Minor resign one or more positions that he holds as a director or officer of an issuer other than One World Media (“OWM”), One World Smart Solutions (“OWSS”) and any issuer all the securities of which are owned beneficially by him or members of his immediate family;

iii. pursuant to paragraph 8 of subsection 127(1) of the Act, that Minor is prohibited from becoming or acting as a director or officer of any issuer until July 18, 2018 other than OWM, OWSS, and any issuer all the securities of which are owned beneficially by him or members of his immediate family.

Dated at Toronto this 2nd day of June, 2014.

“Mary G. Condon”

June 5, 2014 (2014), 37 OSCB 5429

Decisions, Orders and Rulings

This page intentionally left blank

June 5, 2014 (2014), 37 OSCB 5430

Chapter 3

Reasons: Decisions, Orders and Rulings

3.1 OSC Decisions, Orders and Rulings

3.1.1 Frederick Lawrence Marlatt, also known as Frederick Lawrence Mitschele and Michael Wallace Minor – ss. 127(1), 127(10)

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

AND

IN THE MATTER OF FREDERICK LAWRENCE MARLATT, also known as FREDERICK LAWRENCE MITSCHELE and MICHAEL WALLACE MINOR

REASONS AND DECISION (Sections 127(1) and 127(10) of the Securities Act)

Decision: June 2, 2014

Panel: Mary G. Condon – Vice Chair

Appearances: Donna E. Campbell – For Staff of the Commission Alexandra Matushenko, Student-at-Law

– No one appeared for the Respondents

TABLE OF CONTENTS

I. OVERVIEW

II. SANCTIONS OF THE BRITISH COLUMBIA SECURITIES COMMISSION

III. SUBMISSIONS OF THE PARTIES

IV. ANALYSIS A. Inter-jurisdictional Enforcement B. The Commission’s Discretion to Determine Sanctions C. Should an Order for Sanctions be Imposed in Ontario? D. The Appropriate Sanctions

V. CONCLUSION

I. OVERVIEW

[1] This was a hearing conducted in writing before the Ontario Securities Commission (the “Commission or OSC”) pursuant to subsections 127(1) and 127(10) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) to consider whether it is in the public interest to make an order imposing sanctions against Frederick Lawrence Marlatt, also known as Frederick Lawrence Mitschele (“Mitschele”), and Michael Wallace Minor (“Minor” and together with Mitschele, the “Respondents”).

[2] A notice of hearing (the “Notice of Hearing”) in this matter was issued by the Commission on December 11, 2013 in relation to a statement of allegations (the “Statement of Allegations”) filed by Staff of the Commission (“Staff”) on December 11, 2013.

June 5, 2014 (2014), 37 OSCB 5431

Reasons: Decisions, Orders and Rulings

[3] The first appearance (the “First Appearance”) on the matter was held on January 17, 2014. I adjourned the First Appearance to February 13, 2014. I also ordered that Staff provide the Respondents with information concerning the Legal Assistance Program, and confirm to the Respondents that Staff’s application, if granted, will convert this matter to a written hearing (Frederick Lawrence Marlatt, also known as Frederick Lawrence Mitschele and Michael Wallance Minor (2014), 37 OSCB 1021 (the “January 17 Order”)). The January 17 Order also required the Respondents to advise of any objections they have to Staff’s application to proceed by way of written hearing by February 5, 2014.

[4] On February 13, 2014, the Commission heard an application by Staff to convert this matter to a written hearing (the “Application Hearing”) in accordance with Rule 11.5 of the Commission’s Rules of Procedure (2012), 35 O.S.C.B. 10071 (“Rules of Procedure”), and subsection 5.1(2) of the Statutory Powers Procedures Act, R.S.O. 1990, c. S. 22, as amended (the “SPPA”). The Respondents did not appear at the Application Hearing, despite being served with the Notice of Hearing, Statement of Allegations and disclosure (the “Materials”), the January 17 Order and New Materials (as defined below).

[5] At the Application Hearing, Staff filed an Affidavit of Service of Lee Crann, sworn January 8, 2014 (the “January 8 Affidavit”), as exhibit 1, confirming service of the Materials on the Respondents. Staff also filed an Affidavit of Service of Lee Crann, sworn February 13, 2014 (the “February 13 Affidavit”), as exhibit 2, confirming service of the January 17 Order on the Respondents as well as an amended Notice of Hearing dated January 22, 2014 (the “Amended Notice of Hearing”) and an amended Statement of Allegations dated January 21, 2014 (the “Amended Statement of Allegations” and together with the Amended Notice of Hearing, the “New Materials”).

[6] Staff provided written submissions, a hearing brief and a brief of authorities. The Respondents did not file any responding materials. I am satisfied that the Respondents were served with notice of the Application Hearing. Pursuant to Rule 7.1 of the Commission’s Rules of Procedure and subsection 7(2) of the SPPA, I may proceed in the absence of the Respondents.

[7] Staff relies on paragraph 4 of subsection 127(10) of the Act, which permits the Commission to make an order under subsection 127(1) of the Act in respect of a person or company who is subject to an order made by a securities regulatory authority, derivatives regulatory authority or financial regulatory authority, in any jurisdiction, that imposes sanctions, conditions, restrictions or requirements on the person or company.

[8] I granted Staff’s application to proceed by way of written hearing and set a schedule for submission of materials by the parties (Frederick Lawrence Marlatt, also known as Frederick Lawrence Mitschele and Michael Wallance Minor (2014), 37 OSCB 1801 (the “February 13 Order”)).

[9] These are my reasons and decision with respect to the sanctions sought by Staff in this matter.

[10] On July 16, 2012 a panel of the British Columbia Securities Commission (the “BCSC Panel”) made findings that the Respondents engaged in, and/or authorized, permitted and acquiesced in unregistered trading, contrary to section 34(1) of the British Columbia Securities Act, RSBC 1996, c. 418 (the “BC Act”), and the illegal distribution of securities, contrary to section 61(1) of the BC Act. (Photo Violation Technologies Corp., Frederick Lawrence Marlatt, also known as Frederick Lawrence Mitschele and Michael Wallance Minor, and Michael Wallace Minor, and Michael Garfield Timothy Minor, also known as Tim Minor: 2012 BCSECCOM 284 (the “BCSC Findings”)) The Respondents appeared at the hearing. The Respondents were not represented by counsel.

[11] Specifically, the BCSC Panel found the following:

(a) Minor traded in securities without being registered to do so, contrary to section 34(1) of the BC Act, and distributed those securities without filing a prospectus, contrary to section 61(1) of the BC Act when he distributed $3.2 million in PVT securities in the absence of exemptions from the registration and prospectus requirements;

(b) PVT traded in securities without being registered to do so, contrary to section 34(1) of the BC Act and distributed those securities without filing a prospectus, contrary to section 61(1) of the BC Act, when it distributed PVT securities for proceeds of $3,571,604 to 272 investors in purported reliance on exemptions from the registration and prospectus requirements that were not available; and

(c) Mitschele, when he authorized, permitted and acquiesced in PVT's contraventions, also contravened sections 34(1) and 61(1) under section 168.2 of the BC Act.

(BCSC Finding supra, at para. 50)

[12] The Respondents are subject to an order made by the BCSC dated July 18, 2013 that imposes sanctions, conditions, restrictions or requirements on them within the meaning of paragraph 4 of subsection 127(10) of the Act. (Photo Violation

June 5, 2014 (2014), 37 OSCB 5432

Reasons: Decisions, Orders and Rulings

Technologies Corp., Frederick Lawrence Marlatt, also known as Frederick Lawrence Mitschele and Michael Wallance Minor, and Michael Wallace Minor, and Michael Garfield Timothy Minor, also known as Tim Minor: 2012 BCSECCOM 276 (“the “BCSC Order”))

II. SANCTIONS OF THE BRITISH COLUMBIA SECURITIES COMMISSION

The BCSC Sanctions

[13] The BCSC Order imposes the following sanctions, conditions, restrictions or requirements:

(a) upon Mitschele:

(i) pursuant to section 161(1)(b) of the BC Act, that Mitschele cease trading securities or exchange contracts for a period of 5 years, except that he may trade for his own account through a registrant, if he gives the registrant a copy of BCSC Order;

(ii) pursuant to section 161(1)(d)(i) of the BC Act, that Mitschele resign from any position he holds as a director or officer of any issuer, other than Photo Violation Technologies Corp. 2 (“PVT2”), and any issuer all the securities of which are owned beneficially by him or members of his family;

(iii) pursuant to section 161(1)(d)(ii) of the BC Act, that Mitschele is prohibited for 5 years from acting as a director or officer of any issuer, other than PVT2 and any issuer all the securities of which are owned beneficially by him or members of his immediate family;

(iv) pursuant to section 161(1)(d)(iv) of the BC Act, that Mitschele is prohibited for 5 years from acting in a management or consultative capacity in connection with activities in the securities market;

(v) pursuant to section 161(1)(d)(v) of the BC Act, that Mitschele is prohibited for 5 years from engaging in investor relations activities; and

(vi) notwithstanding paragraphs (i), (iv) and (v), Mitschele may engage in conduct, including advertisement, solicitation, and negotiation, for the purpose of obtaining financing for PVT2’s business, provided that he seeks an appropriate variation order from the BCSC before selling securities;

(b) upon Minor:

(i) pursuant to section 161(1)(b) of the BC Act, that Minor cease trading, securities and or exchange contracts for a period of 5 years, except that he may trade for his own account through a registrant, if he gives the registrant a copy of the BCSC Order [sic];

(ii) pursuant to section 161(1)(d)(i) of the BC Act, that Minor resign from any position he holds as a director or officer of any issuer, other than One World Media (“OWM”), One World Smart Solutions (“OWSS”), and any issuer all the securities of which are owned beneficially by him or members of his immediate family;

(iii) pursuant to section 161(1)(d)(ii) of the BC Act, that Minor is prohibited for 5 years from acting as a director or officer of any issuer, other than OWM, OWSS, and any issuer all the securities of which are owned beneficially by him or members of his immediate family;

(iv) pursuant to section 161(1)(d)(iv) of the BC Act, that Minor is prohibited for 5 years from acting in a management or consultative capacity in connection with activities in the securities market; and

(v) pursuant to section 161(1)(d)(v) of the BC Act, that Minor is prohibited for 5 years from engaging in investor relations activities (BCSC Order, supra at para. 29)

III. SUBMISSIONS OF THE PARTIES

Staff’s Submissions

[14] Staff submit that the sanctions imposed in the BCSC Order are proportionately appropriate to the misconduct of the Respondents, and serve as both specific and general deterrence. Staff further submit that a protective order imposing conditions

June 5, 2014 (2014), 37 OSCB 5433

Reasons: Decisions, Orders and Rulings on the Respondents substantially similar to those imposed by the BCSC Order are required to protect Ontario investors and Ontario’s capital markets from similar misconduct by the Respondents.

[15] Staff provided a list of 24 Ontario investors with their submissions. This list was filed by BCSC Staff as an exhibit during the BCSC proceedings as evidence to suggest that the Respondents were soliciting investors in Ontario. Accordingly, Staff respectfully submit that it is in the public interest to protect Ontario investors from the Respondents by preventing or limiting their participation in Ontario’s capital markets.

[16] Staff submit that it is in the public interest for the Commission to exercise its inter-jurisdictional enforcement authority under subsection 127(10) of the Act to protect Ontario investors and Ontario's capital markets from potential misconduct by Mitschele and Minor and that sanctions substantially similar to those imposed by the BCSC Order be imposed on the Respondents.

[17] Staff submit that the following sanctions be imposed on the Respondents:

(a) upon Mitschele:

i. pursuant to paragraph 2 of subsection 127(1) of the Act, that Mitschele cease trading securities or exchange contracts until July 18, 2018, except that Mitschele may trade for his own account through a registrant, if he gives the registrant a copy of the BCSC Order and a copy of the order of the Commission in this proceeding;

ii. pursuant to paragraph 7 of subsection 127(1) of the Act, that Mitschele resign from any position he holds as a director or officer of any issuer, other than Photo Violation Technologies Corp. (“PVT2”) and any issuer all the securities of which are owned beneficially by him or members of his family;

iii. pursuant to paragraph 8 of subsection 127(1) of the Act, that Mitschele is prohibited until July 18, 2018 from becoming or acting as a director or officer of any issuer, other than PVT2 and any issuer all the securities of which are owned beneficially by him or members of his immediate family;

(b) upon Minor:

i. pursuant to paragraph 2 of subsection 127(1) of the Act, that Minor cease trading securities and/or exchange contracts until July 18, 2018, except that Minor may trade for his own account through a registrant, if he gives the registrant a copy of the BCSC Order and a copy of the order of the Commission in this proceeding;

ii. pursuant to paragraph 7 of subsection 127(1) of the Act, that Minor resign from any position he holds as a director or officer of any issuer, other than One World Media (“OWM”), One World Smart Solutions (“OWSS”) and any issuer all the securities of which are owned beneficially by him or members of his immediate family; and

iii. pursuant to paragraph 8 of subsection 127(1) of the Act, that Minor is prohibited until July 18, 2018 from becoming or acting as a director or officer of any issuer, other than OWM and OWSS and any issuer all the securities of which are owned beneficially by him or members of his immediate family.

Respondents’ Submissions

[18] The Respondents did not appear and did not make any submissions in this proceeding.

[19] On February 3, 2014, through his counsel, Minor consented to a reciprocal order that mirrors the non-monetary sanctions contained in the BCSC Order.

IV. ANALYSIS

A. Inter-jurisdictional Enforcement

[20] The pre-conditions to be met for an inter-jurisdictional order are articulated in paragraphs 1 through 5 of subsection 127(10) of the Act:

1. The person or company has been convicted in any jurisdiction of an offence arising from a transaction, business or course of conduct related to securities or derivatives.

June 5, 2014 (2014), 37 OSCB 5434

Reasons: Decisions, Orders and Rulings

2. The person or company has been convicted in any jurisdiction of an offence under a law respecting the buying or selling of securities or derivatives.

3. The person or company has been found by a court in any jurisdiction to have contravened the laws of the jurisdiction respecting the buying or selling of securities or derivatives.

4. The person or company is subject to an order made by a securities regulatory authority, derivatives regulatory authority or financial regulatory authority, in any jurisdiction, that imposes sanctions, conditions, restrictions or requirements on the person or company.

5. The person or company has agreed with a securities regulatory authority, derivatives regulatory authority or financial regulatory authority, in any jurisdiction, to be made subject to sanctions, conditions, restrictions or requirements.

(Securities Act, R.S.O. 1990, c. S.5, s. 127(10))

[21] The Commission held in Elliott (Re) (2009), 23 OSCB 6931(“Re Elliott”) that subsection 127(10) “allows the Commission to consider any convictions or orders made against an individual in other jurisdictions, when deciding whether or not to make an order under subsection 127(1) or (5) in the public interest.” (Re Elliott at para. 24)

[22] Pursuant to the BCSC Order, the Respondents are subject to sanctions, conditions, restrictions or requirements within the meaning of paragraph 4 of subsection 127(10) of the Act. Accordingly, based on the BCSC Order, the Commission may make one or more orders under subsection 127(1) of the Act, if in its opinion it is in the public interest to do so.

[23] In Re Euston Capital Corp. (2009), 32 O.S.C.B. 6313 (“Euston Capital”), the Commission concluded that subsection 127(10) of the Act can be the grounds for an order in the public interest under subsection 127(1) of the Act, based on a decision and order made in another jurisdiction:

… we conclude that we can make an order against the Respondents pursuant to our public interest jurisdiction under section 127 of the Act on the basis of decisions and orders made in other jurisdictions, if we find it necessary in order to protect investors in Ontario and the integrity of Ontario’s capital markets.

(Euston Capital, supra, at para. 46)

[24] While a panel may rely on the findings of the other jurisdiction, it must then satisfy itself that an order for sanctions is necessary to protect the public interest in Ontario:

The applicability of subsection 127(10) to the BCSC Order and the Settlement Agreement does not automatically lead to the conclusion that this Panel must make an order similar to that made by the BCSC against Elliott. Rather, we must first consider whether or not sanctions are necessary to protect the public interest, before exercising any powers granted to us under subsections 127(1) and (5), and second, if necessary, consider what the appropriate sanctions should be.

(Re Elliott, supra at para. 27)

[25] The Commission has relied on the findings made in other jurisdictions, and has not required a nexus to Ontario, when considering imposing a reciprocal order. However, while a nexus to Ontario is not a necessary pre-condition to the Commission’s jurisdiction to make an order in the public interest, it is a factor that may be considered by the Commission in determining whether to make such an order. (Euston, supra at para. 42 citing Re Biller (2005), 28 O.S.C.B. 10131 at para. 32; Reeves (Re) (2012), 35 OSCB 5140 at para. 8)

[26] The principles that guide the Commission in exercising its public interest jurisdiction are reflected in Committee for Equal Treatment of Asbestos Minority Shareholders v. Ontario (Securities Commission) 2001 SCC 37 (“Asbestos”) where the Supreme Court of Canada (“Supreme Court”) considered the nature of section 127:

[I]t is important to recognize that s. 127 is a regulatory provision. In this regard, I agree with Laskin J.A. that "[t]he purpose of the Commission's public interest jurisdiction is neither remedial nor punitive; it is protective and preventive … .

… [t]he purpose of an order under s. 127 is to restrain future conduct that is likely to be prejudicial to the public interest in fair and efficient capital markets. The role of the OSC under s. 127 is to protect the public interest by removing from the capital markets those whose past conduct is so

June 5, 2014 (2014), 37 OSCB 5435

Reasons: Decisions, Orders and Rulings

abusive as to warrant apprehension of future conduct detrimental to the integrity of the capital markets."

(Asbestos, at paras. 42-43, citing Re Mithras Management Ltd. (1990), 13 OSCB. 1600)

B. The Commission’s Discretion to Determine Sanctions

[27] I may make an order against the Respondents under section 127 of the Act based on the BCSC Findings and BCSC Order if I find it necessary in order to protect investors in Ontario and the integrity of Ontario's capital markets.

[28] The BCSC Order imposed significant sanctions on the Respondents. As previously indicated, Staff submit that the Commission should exercise its discretion to impose sanctions substantially similar to those imposed in the BCSC Order to the extent possible under the Act.

[29] The Supreme Court has affirmed that the Commission may make an order under section 127 of the Act for the purposes of deterrence, stating that “it is reasonable to view general deterrence as an appropriate, and perhaps necessary, consideration in making orders that are both protective and preventative.” (Cartaway Resources Corp., 2004 SCC 26 (CanLII) at para. 60 (“Cartaway”))

[30] The Supreme Court emphasised that deterrence may be specific to the individual or general to deter the public at large. The Supreme Court held that “[i]n both cases, deterrence is prospective in orientation and aims at preventing future conduct.” (Cartaway, supra at para. 52)

[31] The Commission has held that, in determining appropriate sanctions in settling a proceeding before the Commission, it is necessary “to take into account circumstances that are appropriate to the particular respondents. This requires us to be satisfied that proposed sanctions are proportionately [sic] appropriate with respect to the circumstances facing the particular respondents.” (M.C.J.C. Holdings (Re) (2002), 25 OSCB 1133 at p. 1134 (“M.C.J.C. Holdings”)) The Commission must also ensure that the sanctions imposed in each case are proportionate to the circumstances and the conduct of each respondent. (Coventree Inc., Geoffrey Cornish and Dean Tai (Re) (2012) 35 O.S.C.B. 119 at para. 46)

Findings of the BCSC

[32] The BCSC Panel found that the Respondents breached two cornerstones of the regulatory framework of the BC Act: engaging in unregistered trading and illegal distribution of securities. The Respondents raised approximately $3.6 million from 272 investors by trading and distributing PVT securities. In doing so, the Respondents relied upon two exemptions in National Instrument 45-106 Prospectus and Registration Exemptions (“NI 45-106”); (i) the accredited investor exemption at sections 2.3(1) and (2), and (ii) the family, friends or business associates exemption at sections 2.5(1) and (2). The BCSC Panel concluded that majority of the exemptions the Respondents relied upon were not available to the Respondents. (BCSC Order at para. 11; BCSC Findings at paras. 46 - 48, 50)

[33] The BCSC Panel also found that the: “… [I]investors, as a group, have suffered significant harm: PVT is bankrupt and there is little likelihood that these investors will recover the $3.6 million they invested.” (BCSC Order at para. 12)

Mitigating Factors

[34] As mitigating considerations, the BCSC Panel acknowledged the considerable steps taken by Mitschele and Minor to bring PVT into compliance by engaging a lawyer to assist in compliance and that they had “made good faith efforts” on behalf of PVT to obtain the necessary advice to ensure compliance with the BC Act. The BCSC Panel further noted that the Respondents were not enriched through their activities in PVT, since “they each lost significant sums as a result of their involvement.” (BCSC Order, supra at paras. 13, 23 and 27)

[35] The BCSC Panel also found that the absence of any prior disciplinary history for either Respondent, and Minor’s admission at the commencement of the BCSC proceedings that he raised $3.2 million in PVT securities, were additional mitigating factors which reduced the time required for the BCSC hearing. (BCSC Order, supra at paras. 20-21)

[36] The BCSC Panel permitted limited participation in the capital markets by each of the Respondents. They required that such participation occur through a registrant, provided that the registrant was given a copy of the BCSC Order. In Nielsen (Re) (2013), 36 OSCB 3600, a recent decision of the OSC in which a reciprocal order was issued, the respondent Nielsen was also permitted limited participation in the capital markets through a registrant, provided that a copy of the originating jurisdiction’s order and a copy of the Commission’s Order were given to the registrant.

June 5, 2014 (2014), 37 OSCB 5436

Reasons: Decisions, Orders and Rulings

C. Should an Order for Sanctions be Imposed in Ontario?

[37] When exercising the public interest jurisdiction under section 127 of the Act, I must consider the purposes of the Act. Those purposes, set out in section 1.1 of the Act, 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.

[38] In pursuing these purposes, I must have regard for the fundamental principles described in section 2.1 of the Act. That section provides that one of the primary means for achieving the purposes of the Act is to restrict fraudulent and unfair market practices and procedures. I shall, among other things, treat as a fundamental principle that: “[t]he integration of capital markets is supported and promoted by the sound and responsible harmonization and co-ordination of securities regulation regimes.” Securities Act, supra at subsection 2.1(5)

[39] I find that it is necessary to order sanctions against the Respondents in the public interest to protect Ontario investors and the integrity of Ontario’s capital markets. Moreover, I have the authority to make a public interest order under subsections 127(1) and 127(10) of the Act, based on the BCSC Findings and the BCSC Order.

D. The Appropriate Sanctions

[40] In determining the nature and duration of the appropriate sanctions, I must consider all of the relevant facts and circumstances before me. Previous decisions of the Commission have considered a list of factors. The factors I consider most relevant in this case are:

(a) the seriousness of the conduct and the breaches of the BC Act;

(b) the level of a respondent’s activity in the marketplace;

(c) whether or not the sanctions imposed may serve to deter not only the Respondents but any like-minded people from engaging in similar abuses of the Ontario capital markets;

(d) the effect any sanctions may have on the ability of the Respondents to participate without check in the capital markets; and

(e) any mitigating factors.

(Re Belteco Holdings Inc. (1998), 21 O.S.C.B. 7743 at 7746; M.C.J.C. Holdings, supra.)

[41] The following facts and circumstances are particularly relevant in determining the sanctions that should be ordered against the Respondents:

(a) the Respondents were found by a panel of the BCSC to have breached British Columbia securities law;

(b) the conduct for which the Respondents were sanctioned in the BCSC Order would constitute contraventions of Ontario securities law if they had occurred in Ontario, including contraventions of subsections 38(3), 53(1) and 126.1(b) of the Act;

(c) the proposed sanctions are consistent with the sanctions imposed in the BCSC Order to the extent possible under the Act; and

(d) the proposed sanctions are prospective in nature, and would impact the Respondents only if they attempted to participate in the capital markets of Ontario.

[42] No mitigating factors or circumstances were brought to my attention. I find that the BCSC Order imposes significant sanctions on the Respondents and that the Commission should exercise its discretion to impose sanctions consistent with those imposed by the BCSC Order to the extent possible under the Act.

[43] A protective order imposing market conduct restrictions on the Respondents that are substantially similar to those imposed by the BCSC Order are required to protect Ontario investors and Ontario capital markets from similar misconduct by the Respondents.

June 5, 2014 (2014), 37 OSCB 5437

Reasons: Decisions, Orders and Rulings

[44] Based on the foregoing, I have concluded that it is in the public interest to make an order under subsection 127(1) of the Act. In imposing sanctions, I rely on the BCSC Order.

V. CONCLUSION

[45] Accordingly, I find it is in the public interest to issue the following orders:

(a) upon Mitschele:

i. pursuant to paragraph 2 of subsection 127(1) of the Act, that trading in any securities or derivatives by Mitschele cease until July 18, 2018, except that Mitschele may trade for his own account through a registrant, if he gives the registrant a copy of the BCSC Order and a copy of the Order of the Commission in this proceeding;

ii. pursuant to paragraph 7 of subsection 127(1) of the Act, that Mitschele resign one or more positions that he holds as a director or officer of an issuer, other than PVT2 and any issuer all the securities of which are owned beneficially by him or members of his family;

(b) upon Minor:

ii. pursuant to paragraph 7 of subsection 127(1) of the Act, that Minor resign one or more positions that he holds as a director or officer of an issuer other than OWM, OWSS and any issuer all the securities of which are owned beneficially by him or members of his immediate family;

Dated at Toronto this 2nd day of June, 2014.

“Mary G. Condon”

June 5, 2014 (2014), 37 OSCB 5438

Chapter 4

Cease Trading Orders

4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders

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

American Natural Energy 22 May 14 3 June 14 3 June 14 Corporation

Boost Capital Corp. 8 Aug 13 19 August 13 19 August 13 30 May 14

Greenstar Agricultural 3 June 14 16 June 14 Corporation

Nord Resources Corporation 21 May 14 2 June 14 2 June 14

Touchstone Gold Limited 30 May 14 11 June 14

Tranzeo Wireless Technologies 13 May 13 24 May 13 2 June 14 Inc.

4.2.1 Temporary, Permanent & Rescinding Management Cease Trading Orders

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

Family Memorials Inc. 2 May 14 14 May 14 14 May 14 2 June 14

4.2.2 Outstanding Management & Insider Cease Trading Orders

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

Carpathian Gold Inc. 4 April 14 16 April 14 16 April 14

Family Memorial Inc. 2 May 14 14 May 14 14 May 14 2 June 14

Greenstar Agricultural 5 May 14 16 May 14 16 May 14 3 June 14 Corporation

Matica Graphite Inc. 12 May 14 23 May 14 23 May 14 Pacific Vector Holdings Inc. 8 May 14 20 May 14 20 May 14

Red Tiger Mining Inc. 2 May 14 14 May 14 14 May 14

Sendero Mining Corp. 5 May 14 16 May 14 16 May 14

Sonomax Technologies Inc. 9 May 14 21 May 14 21 May 14

June 5, 2014 (2014), 37 OSCB 5439

Cease Trading Orders

This page intentionally left blank

June 5, 2014 (2014), 37 OSCB 5440

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.

June 5, 2014 (2014), 37 OSCB 5441

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed A&W Revenue Royalties Trust Units Beer, Janice 6 10/5/2012 00 9,000 Income Fund ABCOURT MINES INC. Common Shares Hinse, Renaud 3, 4, 5 5/23/2014 10 0.07 16,902,875 50,000 catégorie B ABCOURT MINES INC. Common Shares Hinse, Renaud 3, 4, 5 5/26/2014 10 0.07 16,952,875 50,000 catégorie B ABCOURT MINES INC. Common Shares Hinse, Renaud 3, 4, 5 5/26/2014 10 0.065 16,961,875 9,000 catégorie B ABCOURT MINES INC. Common Shares Hinse, Renaud 3, 4, 5 5/27/2014 10 0.07 17,011,875 50,000 catégorie B ABCOURT MINES INC. Common Shares Hinse, Renaud 3, 4, 5 5/28/2014 10 0.075 17,101,875 90,000 catégorie B Absolute Software Common Shares Chase, Robert George 5 5/28/2014 10 6.68 559,963 -10,625 Corporation Absolute Software Common Shares Chase, Robert George 5 5/28/2014 51 4.48 570,588 10,625 Corporation Absolute Software Options Chase, Robert George 5 5/28/2014 51 4.48 96,225 -10,625 Corporation Absolute Software Common Shares Libin, Terry 4 5/29/2014 10 6.5 580,950 -8,000 Corporation Absolute Software Common Shares Libin, Terry 4 5/29/2014 10 6.54 578,950 -2,000 Corporation ACTIVEnergy Income Fund Trust Units ACTIVEnergy Income Fund 1 5/28/2014 38 9.1 29,204,835 800 Advanced Explorations Inc. Common Shares Guo, Lei 4 5/23/2014 10 0.07 321,000 10,000 Advanced Explorations Inc. Common Shares Guo, Lei 4 5/26/2014 10 0.07 322,000 1,000 Aegean Metals Group Inc. Common Shares Roth, Eric 4 5/28/2014 10 0.08 2,266,000 5,000 Aegean Metals Group Inc. Common Shares Roth, Eric 4 5/29/2014 10 0.08 2,268,000 2,000 Affinor Resources Inc. Options Adams, Tegan 5 4/9/2014 50 0.25 100,000 Affinor Resources Inc. Options Adams, Tegan 5 4/9/2014 50 0.35 100,000 100,000 Affinor Resources Inc. Options Affinor 4 4/24/2014 00 100,000 Affinor Resources Inc. Options Boyco, Alan 4 4/24/2014 00 Affinor Resources Inc. Options Boyco, Alan 4 4/24/2014 50 0.33 100,000 100,000 Affinor Resources Inc. Common Shares Brusatore, Nicholas Gordon 3, 4 5/23/2014 45 0.3525 12,500,000 2,500,000 Affinor Resources Inc. Options Brusatore, Nicholas Gordon 3, 4 4/14/2014 50 0.25 1,000,000 Affinor Resources Inc. Options Brusatore, Nicholas Gordon 3, 4 4/14/2014 50 0.42 1,000,000 1,000,000 Affinor Resources Inc. Options Brusatore, Nicholas Gordon 3, 4 5/9/2014 50 0.49 1,250,000 250,000 Affinor Resources Inc. Options Dennison, John Gregory 5 4/9/2014 50 0.25 100,000 Affinor Resources Inc. Options Dennison, John Gregory 5 4/9/2014 50 0.35 100,000 100,000 African Gold Group, Inc. Common Shares Brown, David 4 5/21/2014 16 0.12 954,450 166,666 African Gold Group, Inc. Warrants Brown, David 4 5/21/2014 16 190,475 83,333 African Gold Group, Inc. Common Shares Durante, Marco J. 4, 5 5/21/2014 16 0.12 5,200,000 300,000 African Gold Group, Inc. Common Shares Durante, Marco J. 4, 5 3/12/2004 00 African Gold Group, Inc. Common Shares Durante, Marco J. 4, 5 5/21/2014 16 0.12 200,000 200,000 African Gold Group, Inc. Warrants Durante, Marco J. 4, 5 3/12/2004 00 African Gold Group, Inc. Warrants Durante, Marco J. 4, 5 5/21/2014 16 150,000 150,000 African Gold Group, Inc. Warrants Durante, Marco J. 4, 5 3/12/2004 00 African Gold Group, Inc. Warrants Durante, Marco J. 4, 5 5/21/2014 16 100,000 100,000 African Gold Group, Inc. Common Shares Franzmann, Declan 4, 5 5/1/2014 00 Thomas African Gold Group, Inc. Common Shares Franzmann, Declan 4, 5 5/21/2014 16 0.12 833,000 833,000 Thomas African Gold Group, Inc. Warrants Franzmann, Declan 4, 5 5/1/2014 00 Thomas African Gold Group, Inc. Warrants Franzmann, Declan 4, 5 5/21/2014 16 416,500 416,500 Thomas African Gold Group, Inc. Common Shares MacPherson, Jaimie 5 5/21/2014 16 0.12 526,500 176,500 Edward African Gold Group, Inc. Warrants MacPherson, Jaimie 5 5/21/2014 16 88,250 88,250 Edward AGF Management Limited Common Shares Class B AGF EMPLOYEE BENEFIT 2 5/22/2014 10 12.985 120,300 30,000 PLAN TRUST AGF Management Limited Common Shares Class B AGF EMPLOYEE BENEFIT 2 5/23/2014 10 13.036 150,000 29,700 PLAN TRUST

June 5, 2014 (2014), 37 OSCB 5442

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Aimia Inc. Common Shares Adams, David L. 5 5/22/2014 51 15.07 84,261 50,000 Aimia Inc. Common Shares Adams, David L. 5 5/22/2014 10 19.28 34,261 -50,000 Aimia Inc. Common Shares Adams, David L. 5 5/23/2014 51 8.47 79,261 45,000 Aimia Inc. Common Shares Adams, David L. 5 5/23/2014 10 19.25 34,261 -45,000 Aimia Inc. Common Shares Adams, David L. 5 5/27/2014 51 8.47 79,261 45,000 Aimia Inc. Common Shares Adams, David L. 5 5/27/2014 10 19.3 34,261 -45,000 Aimia Inc. Options Adams, David L. 5 5/22/2014 51 607,262 -50,000 Aimia Inc. Options Adams, David L. 5 5/23/2014 51 562,262 -45,000 Aimia Inc. Options Adams, David L. 5 5/27/2014 51 517,262 -45,000 Aimia Inc. Common Shares Graham, Elizabeth 5 5/23/2014 51 8.47 41,221 20,077 Aimia Inc. Common Shares Graham, Elizabeth 5 5/23/2014 10 19.31 21,144 -20,077 Aimia Inc. Common Shares Graham, Elizabeth 5 5/27/2014 51 10.85 30,358 Aimia Inc. Common Shares Graham, Elizabeth 5 5/27/2014 51 10.85 30,358 Aimia Inc. Common Shares Graham, Elizabeth 5 5/27/2014 51 19.363 -30,358 Aimia Inc. Common Shares Graham, Elizabeth 5 5/27/2014 51 19.363 -30,358 Aimia Inc. Common Shares Graham, Elizabeth 5 5/27/2014 51 10.85 51,502 30,358 Aimia Inc. Common Shares Graham, Elizabeth 5 5/27/2014 10 19.36 21,144 -30,358 Aimia Inc. Options Graham, Elizabeth 5 5/23/2014 51 472,488 -20,077 Aimia Inc. Options Graham, Elizabeth 5 5/27/2014 51 -30,358 Aimia Inc. Options Graham, Elizabeth 5 5/27/2014 51 -30,358 Aimia Inc. Options Graham, Elizabeth 5 5/27/2014 51 442,130 -30,358 Aimia Inc. Common Shares Johnston, David William 7 1/11/2010 00 Aimia Inc. Common Shares Johnston, David William 7 5/21/2014 51 10.85 166,808 166,808 Aimia Inc. Common Shares Johnston, David William 7 5/21/2014 10 19.08 0 -166,808 Aimia Inc. Options Johnston, David William 7 5/21/2014 51 608,711 -166,808 Air Canada Class B Voting Shares Fournel, Lise 5 5/28/2014 51 8.5 10,000 Air Canada Class B Voting Shares Fournel, Lise 5 5/28/2014 51 8.5 10,000 Air Canada Class B Voting Shares Fournel, Lise 5 5/28/2014 51 1.59 12,000 10,000 Air Canada Class B Voting Shares Fournel, Lise 5 5/28/2014 10 8.5 2,000 -10,000 Air Canada Options (Long-Term Fournel, Lise 5 5/28/2014 51 1.59 -10,000 Incentive Plan) Air Canada Options (Long-Term Fournel, Lise 5 5/28/2014 51 1.59 -10,000 Incentive Plan) Air Canada Options (Long-Term Fournel, Lise 5 5/28/2014 51 1.59 288,994 -10,000 Incentive Plan) Air Canada Class A Variable Voting Green, Michael 4 5/30/2014 36 1.56 8,214 -100,000 Shares Air Canada Class A Variable Voting Green, Michael 4 5/30/2014 36 2.4376 5,137 -3,077 Shares Air Canada Class A Variable Voting Green, Michael 4 5/30/2014 36 3.65 0 -5,137 Shares Air Canada Class B Voting Shares Green, Michael 4 3/30/2009 00 Air Canada Class B Voting Shares Green, Michael 4 5/30/2014 36 1.56 100,000 100,000 Air Canada Class B Voting Shares Green, Michael 4 5/30/2014 36 2.4376 103,077 3,077 Air Canada Class B Voting Shares Green, Michael 4 5/30/2014 36 3.65 108,214 5,137 Air Canada Deferred Share Units Green, Michael 4 5/30/2014 36 1,613 -1,288 Air Canada Deferred Share Units Green, Michael 4 5/30/2014 36 0 -1,613 Air Canada Deferred Share Units Green, Michael 4 3/30/2009 00 Air Canada Deferred Share Units Green, Michael 4 5/30/2014 36 1,288 1,288 Air Canada Deferred Share Units Green, Michael 4 5/30/2014 36 2,901 1,613 Air Canada Class B Voting Shares Isford, Chris 5 5/27/2014 51 1.59 35,749 12,500 Air Canada Class B Voting Shares Isford, Chris 5 5/27/2014 10 8.41 23,249 -12,500 Air Canada Options (Long-Term Isford, Chris 5 5/27/2014 51 1.59 167,774 -12,500 Incentive Plan) AIRBOSS OF AMERICA Common Shares Hagerman, Robert 4 5/26/2014 10 8.3 589,926 -9,100 CORP. AIRBOSS OF AMERICA Common Shares Swartzman, Lisa 5 5/13/2014 00 CORP. Alamos Gold Inc. Options Barwell, Christine 5 5/28/2014 50 308,900 50,000 Alamos Gold Inc. Rights Restricted Share Barwell, Christine 5 5/28/2014 56 23,231 13,631 Units

June 5, 2014 (2014), 37 OSCB 5443

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Alamos Gold Inc. Options Fisher, Gregory S. 5 5/28/2014 50 9.17 243,900 50,000 Alamos Gold Inc. Rights Fisher, Gregory S. 5 6/6/2013 56 9,600 Alamos Gold Inc. Rights Restricted Share Fisher, Gregory S. 5 4/5/2010 00 Units Alamos Gold Inc. Rights Restricted Share Fisher, Gregory S. 5 6/6/2013 56 9,600 9,600 Units Alamos Gold Inc. Rights Restricted Share Fisher, Gregory S. 5 5/28/2014 56 23,231 13,631 Units Alamos Gold Inc. Rights Deferred Share Fleck, David Alexander 4 5/28/2014 56 17,424 8,724 Units Alamos Gold Inc. Rights Deferred Share Garson, Anthony 4 5/28/2014 56 16,524 8,724 Units Alamos Gold Inc. Rights Deferred Share Gower, David Patrick 4 5/28/2014 56 16,524 8,724 Units Alamos Gold Inc. Options Guarducci, Manley Richard 5 5/28/2014 50 9.17 781,700 120,000 Alamos Gold Inc. Rights Guarducci, Manley Richard 5 6/6/2013 56 22,100 Alamos Gold Inc. Rights Restricted Share Guarducci, Manley Richard 5 5/15/2008 00 Units Alamos Gold Inc. Rights Restricted Share Guarducci, Manley Richard 5 6/6/2013 56 22,100 22,100 Units Alamos Gold Inc. Rights Restricted Share Guarducci, Manley Richard 5 5/28/2014 56 54,815 32,715 Units Alamos Gold Inc. Options Howorth, Matthew 5 5/28/2014 50 9.17 88,067 54,167 Alamos Gold Inc. Rights Restricted Share Howorth, Matthew 5 5/28/2014 56 26,705 17,105 Units Alamos Gold Inc. Rights Deferred Share Murphy, Paul 4 5/28/2014 56 24,158 16,358 Units Alamos Gold Inc. Options Porter, James 5 5/28/2014 50 9.17 541,700 120,000 Alamos Gold Inc. Rights Restricted Share Porter, James 5 5/28/2014 56 54,815 32,715 Units Alamos Gold Inc. Rights Deferred Share Stowe, Kenneth George 4 5/29/2014 56 16,524 8,724 Units AlarmForce Industries Inc. Common Shares AlarmForce Industries Inc. 1 5/15/2014 38 10.56 1,500 1,500 AlarmForce Industries Inc. Common Shares AlarmForce Industries Inc. 1 5/15/2014 38 10.58 101,000 99,500 AlarmForce Industries Inc. Common Shares AlarmForce Industries Inc. 1 5/20/2014 38 10.65 241,000 140,000 Alberta Oilsands Inc. Options director's and Cohen, Curtis Rae 4 5/27/2014 50 1,150,000 400,000 agent's Alberta Oilsands Inc. Options director's and Francese, Joseph Anthony 4 5/27/2014 50 1,150,000 400,000 agent's Alberta Oilsands Inc. Options director's and Galloro, Michael Bernardino 5 5/27/2014 50 700,000 200,000 agent's Alberta Oilsands Inc. Options director's and Goodisman, Adrian Howard 4 5/27/2014 50 1,747,500 400,000 agent's Alberta Oilsands Inc. Options director's and McDowall, Stuart Bruce 4 5/27/2014 50 1,150,000 400,000 agent's Alberta Oilsands Inc. Options director's and Metcalfe, Robert 4 5/27/2014 50 1,900,000 400,000 agent's Alberta Oilsands Inc. Options director's and Moase, Paul 4 5/27/2014 50 1,150,000 400,000 agent's Alberta Oilsands Inc. Options director's and Sokolow, Leonard Jay 4 5/27/2014 50 1,548,735 400,000 agent's Alberta Oilsands Inc. Options director's and Vu, Binh 5 5/27/2014 50 2,300,000 800,000 agent's Alder Resources Ltd. Common Shares Pettigrew, Pierre Stewart 4 9/2/2010 00 Alder Resources Ltd. Common Shares Pettigrew, Pierre Stewart 4 5/30/2014 16 0.05 200,000 200,000 Alder Resources Ltd. Warrants Pettigrew, Pierre Stewart 4 9/2/2010 00 Alder Resources Ltd. Warrants Pettigrew, Pierre Stewart 4 5/30/2014 16 0.07 100,000 100,000 Alexander Nubia Common Shares Koutsouras, Bill 4 5/27/2014 00 500,000 International Inc. Alexander Nubia Options Koutsouras, Bill 4 5/27/2014 00 750,000 International Inc. Alexander Nubia Warrants Koutsouras, Bill 4 5/27/2014 00 500,000 International Inc. Algold Resources Ltd. Options Seetaroo, Anisah Ummay 4 4/28/2014 50 0.2 80,000 Salma

June 5, 2014 (2014), 37 OSCB 5444

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Algold Resources Ltd. Options Seetaroo, Anisah Ummay 4 5/28/2014 50 0.2 80,000 80,000 Salma Alimentation Couche-Tard Unité d'action différée Bourque, Nathalie 4 5/23/2014 46 29.67 658 Inc. Alimentation Couche-Tard Unité d'action différée Bourque, Nathalie 4 5/23/2014 46 29.67 10,004 658 Inc. Alimentation Couche-Tard Unité d'action différée Desrosiers, Roger 4 5/23/2014 46 29.67 316 Inc. Alimentation Couche-Tard Unité d'action différée Desrosiers, Roger 4 5/23/2014 46 29.67 29,918 316 Inc. Alimentation Couche-Tard Unité d'action différée Élie, Jean André 4 5/23/2014 46 29.67 329 Inc. Alimentation Couche-Tard Unité d'action différée Élie, Jean André 4 5/23/2014 46 29.67 28,870 329 Inc. Alimentation Couche-Tard Unité d'action différée Fortin, Richard 4, 6, 7, 5 5/23/2014 46 29.67 632 Inc. Alimentation Couche-Tard Unité d'action différée Fortin, Richard 4, 6, 7, 5 5/23/2014 46 29.67 12,174 632 Inc. Alimentation Couche-Tard Unité d'action différée Kau, Mélanie 4 5/23/2014 46 29.67 683 Inc. Alimentation Couche-Tard Unité d'action différée Kau, Mélanie 4 5/23/2014 46 29.67 55,066 683 Inc. Alimentation Couche-Tard Unité d'action différée Rabinowicz, Daniel 5 5/23/2014 46 29.67 316 Inc. Alimentation Couche-Tard Unité d'action différée Rabinowicz, Daniel 5 5/23/2014 46 29.67 876 316 Inc. Alimentation Couche-Tard Unité d'action différée Turmel, Jean 4 5/23/2014 46 29.67 937 Inc. Alimentation Couche-Tard Unité d'action différée Turmel, Jean 4 5/23/2014 46 29.67 88,510 937 Inc. Almaden Minerals Ltd. Common Shares Poliquin, James Duane 4, 5 5/22/2014 10 1.46 2,336,537 12,500 AltaGas Ltd. Common Shares Toivanen, Shaun William 5 5/23/2014 10 48.6 2,443 -16,500 AltaGas Ltd. Common Shares Toivanen, Shaun William 5 5/23/2014 10 48.61 1,643 -800 AltaGas Ltd. Common Shares Toivanen, Shaun William 5 5/23/2014 10 48.62 1,143 -500 AltaGas Ltd. Common Shares Toivanen, Shaun William 5 5/23/2014 10 48.64 943 -200 AltaGas Ltd. Common Shares Toivanen, Shaun William 5 5/28/2014 51 29.85 13,443 12,500 AltaGas Ltd. Common Shares Toivanen, Shaun William 5 5/28/2014 51 29.32 15,943 2,500 AltaGas Ltd. Common Shares Toivanen, Shaun William 5 5/28/2014 51 32.84 17,943 2,000 AltaGas Ltd. Options at $29.32 expiring Toivanen, Shaun William 5 5/28/2014 51 29.32 7,500 -2,500 June 7, 2022 AltaGas Ltd. Options at $29.85 expiring Toivanen, Shaun William 5 5/28/2014 51 29.85 12,500 -12,500 November 25, 2021 AltaGas Ltd. Options at $32.84 expiring Toivanen, Shaun William 5 5/28/2014 51 32.84 6,000 -2,000 December 6, 2022 Altai Resources Inc. Common Shares AU, Maria Pui-Ching 5 5/27/2014 10 0.065 1,618,350 30,000 Altai Resources Inc. Common Shares Pomerleau, Didier 4 5/28/2014 10 0.065 20,000 10,000 Alter NRG Corp. Common Shares Fish, Richard 5 5/29/2014 10 0.639 67,250 20,000 Alter NRG Corp. Options whitney, scott warren 4 5/23/2014 50 0.76 70,000 40,000 Altus Group Limited Options Commons, Michael 5 5/20/2014 59 13.86 25,000 -4,666 Altus Group Limited Options Johnston, Colin Boyd 5 5/23/2014 59 13.86 50,000 -3,000 Altus Group Limited Options lachance, daniel 5 5/23/2014 59 7.25 40,000 -10,000 Altus Group Limited Options lachance, daniel 5 5/28/2014 59 8.36 31,500 -8,500 Altus Group Limited Options lachance, daniel 5 5/29/2014 59 8.36 30,000 -1,500 Amarok Energy Inc. Common Shares Newman, John Edward 5 4/30/2014 00 Amarok Energy Inc. Common Shares Newman, John Edward 5 5/22/2014 10 0.17 140,000 140,000 American Core Sectors Trust Units American Core Sectors 1 5/23/2014 38 9.15 284,400 600 Dividend Fund Dividend Fund American Core Sectors Trust Units American Core Sectors 1 5/26/2014 38 9.15 285,000 600 Dividend Fund Dividend Fund American Core Sectors Trust Units American Core Sectors 1 5/27/2014 38 9.145 286,000 1,000 Dividend Fund Dividend Fund American Core Sectors Trust Units American Core Sectors 1 5/28/2014 38 9.09 289,200 3,200 Dividend Fund Dividend Fund

June 5, 2014 (2014), 37 OSCB 5445

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed American Core Sectors Trust Units American Core Sectors 1 5/29/2014 38 9.08 290,700 1,500 Dividend Fund Dividend Fund American Core Sectors Trust Units Brasseur, Jeremy 6 5/22/2014 10 9.1 334,300 -7,100 Dividend Fund American Hotel Income Units Armstrong, Peter Robert 4 5/23/2014 10 10.42 42,900 2,900 Properties REIT LP Beverley American Hotel Income Units Armstrong, Peter Robert 4 5/23/2014 10 10.4 47,900 5,000 Properties REIT LP Beverley American Hotel Income Units Armstrong, Peter Robert 4 5/23/2014 10 10.4 40,000 -7,900 Properties REIT LP Beverley American Hotel Income Units Murphy, William Michael 4 5/27/2014 10 9.59 10,000 5,000 Properties REIT LP Anconia Resources Corp. Common Shares Brewster, Jason Allen Ross 4, 5 5/26/2014 10 0.055 1,144,750 10,000 Anconia Resources Corp. Common Shares Brewster, Jason Allen Ross 4, 5 5/26/2014 10 0.055 1,250,000 20,000 AndeanGold Ltd. Common Shares CIALI, ANTHONY 4, 5 5/20/2014 10 0.035 1,628,567 5,000 FRANCIS AndeanGold Ltd. Common Shares CIALI, ANTHONY 4, 5 5/22/2014 10 0.035 1,633,567 5,000 FRANCIS AndeanGold Ltd. Common Shares CIALI, ANTHONY 4, 5 5/28/2014 10 0.035 1,636,567 3,000 FRANCIS AndeanGold Ltd. Common Shares CIALI, ANTHONY 4, 5 5/30/2014 10 0.035 1,639,567 3,000 FRANCIS Aptilon Corporation Common Shares BROSSEAU, ANDRE 4 11/30/2012 00 3,973,801 Aptilon Corporation Options BROSSEAU, ANDRE 4 11/30/2012 00 100,000 Arctic Star Exploration Corp. Common Shares Power, Patrick Edward 4, 5 5/28/2014 10 0.115 1,410,366 -70,000 Arcus Development Group Common Shares Talbot, Ian John 4 5/29/2014 10 1,802,882 10,000 Inc. Argentum Silver Corp. Options McIntyre, Warren 4 5/16/2014 38 0.06 1,200,000 -250,000 Argentum Silver Corp. Common Shares Thomson, Andrew 4 5/27/2014 10 0.015 298,000 250,000 Argentum Silver Corp. Options Whiting, Bernard Henry 4 4/17/2014 50 0.06 75,000 Argentum Silver Corp. Options Whiting, Bernard Henry 4 4/17/2014 50 0.06 75,000 Arsenal Energy Inc. Common Shares Taylor, Gjoa 5 5/26/2014 10 7.92 21,495 -3,800 Arsenal Energy Inc. Common Shares Taylor, Gjoa 5 5/27/2014 10 7.92 17,095 -4,400 Arsenal Energy Inc. Common Shares Taylor, Gjoa 5 5/29/2014 10 7.985 15,195 -1,900 ATCO LTD. Rights 51.96 (SAR) Lidgett, George J. 7 1/1/2000 00 ATCO LTD. Rights 51.96 (SAR) Lidgett, George J. 7 4/1/2014 97 2,000 2,000 ATCO LTD. Non-Voting Shares Class Southern, Nancy C. 4, 6, 7, 5 5/2/2014 11 -1,800 I ATCO LTD. Non-Voting Shares Class Southern, Nancy C. 4, 6, 7, 5 5/2/2014 47 116,069 -1,800 I ATCO LTD. Non-Voting Shares Class Southern, Nancy C. 4, 6, 7, 5 5/26/2014 10 52.38 117,069 1,000 I ATCO LTD. Non-Voting Shares Class Southern, Nancy C. 4, 6, 7, 5 5/26/2014 10 52.39 117,869 800 I Atrium Mortgage Investment Common Shares GOODALL, ROBERT 4, 5 5/28/2014 10 11.22 279,467 7,900 Corporation Atrium Mortgage Investment Common Shares GOODALL, ROBERT 4, 5 5/29/2014 10 11.22 296,567 17,100 Corporation Augusta Industries Inc. Common Shares LONE, ALLEN 3, 4, 6, 5 5/27/2014 10 0.095 2,259,000 5,000 (formerly Fiber Optic Systems Technology, Inc.) Aureus Mining Inc. Warrants CABRITA da SILVA, LUIS 4 5/16/2014 55 37,000 -2,500 G. Aureus Mining Inc. Warrants Reading, David 4 5/16/2014 55 15,000 -18,750 Australian REIT Income Trust Units Australian REIT Income 1 5/27/2014 10 1,000 1,000 Fund Fund Australian REIT Income Trust Units Australian REIT Income 1 5/27/2014 38 0 -1,000 Fund Fund AutoCanada Inc. Common Shares Cumming, Christopher 4 5/21/2014 11 -200,000 David AutoCanada Inc. Common Shares Cumming, Christopher 4 5/21/2014 90 1,125,000 -200,000 David AutoCanada Inc. Common Shares Cumming, Christopher 4 5/21/2014 11 200,000 David

June 5, 2014 (2014), 37 OSCB 5446

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed AutoCanada Inc. Common Shares Cumming, Christopher 4 5/21/2014 90 200,000 200,000 David Auxellence Health Common Shares Au, Sydney Wai Kong 4 5/28/2014 50 13,875,000 -4,625,000 Corporation (formerly 0924888 BC Ltd.) Auxellence Health Common Shares Au, Sydney Wai Kong 4 5/28/2014 50 12,125,000 -375,000 Corporation (formerly 0924888 BC Ltd.) Avanti Energy Inc. Common Shares Gamley, Kirk 5 5/14/2014 10 0.33 2,639,500 500 Avanti Energy Inc. Common Shares Gamley, Kirk 5 5/22/2014 10 0.32 2,649,500 10,000 Avanti Energy Inc. Common Shares Gamley, Kirk 5 5/26/2014 10 0.3 2,658,500 9,000 Avanti Energy Inc. Common Shares Gamley, Kirk 5 5/26/2014 10 0.295 2,659,500 1,000 Avanti Mining Inc. Options Smith, Mark 4 4/30/2014 30 0.07 1,150,000 250,000 Avigilon Corporation Common Shares Marginson, Bruce 4 5/28/2014 10 20.27 152,711 1,800 Avigilon Corporation Common Shares Marginson, Bruce 4 5/29/2014 10 20.27 152,811 100 Avigilon Corporation Common Shares Marginson, Bruce 4 5/29/2014 10 20.77 155,911 3,100 Axia NetMedia Corporation Common Shares Price, Arthur R. 4, 5 5/26/2014 10 2.7646 1,687,966 -9,900 Axia NetMedia Corporation Common Shares Price, Arthur R. 4, 5 5/26/2014 10 2.7677 1,687,066 -900 Axia NetMedia Corporation Common Shares Price, Arthur R. 4, 5 5/26/2014 10 2.7574 1,657,866 -29,200 Axia NetMedia Corporation Common Shares Price, Arthur R. 4, 5 5/26/2014 10 2.75 302,535 5,800 Aylen Capital Inc. Common Shares Pennal, John Duncan 4, 5 5/22/2014 10 0.01 5,159,284 1,000 BacTech Environmental Common Shares Orr, Murray Ross 7 5/23/2014 16 0.01 2,020,500 500,000 Corporation BacTech Environmental Warrants Series H Orr, Murray Ross 7 12/2/2010 00 Corporation BacTech Environmental Warrants Series H Orr, Murray Ross 7 5/23/2014 16 500,000 500,000 Corporation BacTech Environmental Common Shares Richards, William Philip 3 5/23/2014 00 4,000,000 Corporation Seymour BacTech Environmental Warrants Series H Richards, William Philip 3 5/23/2014 00 2,500,000 Corporation Seymour BacTech Environmental Common Shares Whalen, Donald Alexander 4 5/23/2014 16 0.01 925,000 500,000 Corporation BacTech Environmental Warrants Series H Whalen, Donald Alexander 4 3/14/2012 00 Corporation BacTech Environmental Warrants Series H Whalen, Donald Alexander 4 5/23/2014 16 500,000 500,000 Corporation Badger Daylighting Ltd. Deferred Shares Kelly, Greg 5 5/26/2014 59 12,444 -67,110 Badger Daylighting Ltd. Deferred Shares Kelly, Greg 5 5/26/2014 38 0 -12,444 Badger Daylighting Ltd. Deferred Shares Roane, Glen Dawson 4 5/26/2014 46 36.35 2,950 Badger Daylighting Ltd. Deferred Shares Roane, Glen Dawson 4 5/26/2014 46 35.598 20,455 2,950 Ballard Power Systems Inc. Common Shares Murray, Jay Francis 5 5/28/2014 51 2.1 2,500 2,500 Ballard Power Systems Inc. Common Shares Murray, Jay Francis 5 5/28/2014 10 4.15 0 -2,500 Ballard Power Systems Inc. Options Murray, Jay Francis 5 5/28/2014 51 2.1 56,667 -2,500 Balmoral Resources Ltd. Common Shares Mann, Richard Kevin 5 5/26/2014 51 0.6 84,000 80,000 Balmoral Resources Ltd. Common Shares Mann, Richard Kevin 5 5/26/2014 10 1.22 34,000 -50,000 Balmoral Resources Ltd. Common Shares Mann, Richard Kevin 5 5/26/2014 10 1.26 24,000 -10,000 Balmoral Resources Ltd. Common Shares Mann, Richard Kevin 5 5/26/2014 10 1.27 19,800 -4,200 Balmoral Resources Ltd. Common Shares Mann, Richard Kevin 5 5/28/2014 10 1.21 4,000 -15,800 Balmoral Resources Ltd. Options Mann, Richard Kevin 5 5/26/2014 51 0.6 -50,000 Balmoral Resources Ltd. Options Mann, Richard Kevin 5 5/26/2014 51 0.6 -50,000 Balmoral Resources Ltd. Options Mann, Richard Kevin 5 5/26/2014 51 0.6 -10,000 Balmoral Resources Ltd. Options Mann, Richard Kevin 5 5/26/2014 51 0.6 -10,000 Balmoral Resources Ltd. Options Mann, Richard Kevin 5 5/26/2014 51 0.6 -4,200 Balmoral Resources Ltd. Options Mann, Richard Kevin 5 5/26/2014 51 0.6 -4,200 Balmoral Resources Ltd. Options Mann, Richard Kevin 5 5/26/2014 51 0.6 780,000 -80,000 Balmoral Resources Ltd. Options Mann, Richard Kevin 5 5/28/2014 51 0.6 -15,800 Balmoral Resources Ltd. Options Mann, Richard Kevin 5 5/28/2014 51 0.6 -15,800 Balmoral Resources Ltd. Common Shares Talbot, Lawrence William 4 5/22/2014 10 1.19 700,000 -25,000 Edward Balmoral Resources Ltd. Common Shares Talbot, Lawrence William 4 5/23/2014 10 1.18 698,400 -1,600 Edward

June 5, 2014 (2014), 37 OSCB 5447

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Balmoral Resources Ltd. Common Shares Talbot, Lawrence William 4 5/23/2014 10 1.16 695,000 -3,400 Edward Balmoral Resources Ltd. Common Shares Toporowski, John Stephen 5 5/26/2014 10 1.13 2,852,500 -55,000 Balmoral Resources Ltd. Common Shares Toporowski, John Stephen 5 5/26/2014 10 1.14 2,845,500 -7,000 Balmoral Resources Ltd. Common Shares Toporowski, John Stephen 5 5/27/2014 10 1.11 2,829,000 -16,500 Balmoral Resources Ltd. Common Shares Toporowski, John Stephen 5 5/28/2014 10 1.07 2,839,000 10,000 Balmoral Resources Ltd. Common Shares Toporowski, John Stephen 5 5/29/2014 10 1.1021 2,682,500 -156,500 Balmoral Resources Ltd. Common Shares Toporowski, John Stephen 5 5/29/2014 10 1.12 2,672,500 -10,000 Balmoral Resources Ltd. Common Shares Toporowski, John Stephen 5 5/29/2014 10 1.13 2,666,500 -6,000 Balmoral Resources Ltd. Common Shares Toporowski, John Stephen 5 5/30/2014 10 1.07 2,716,500 50,000 Balmoral Resources Ltd. Common Shares Toporowski, John Stephen 5 5/30/2014 10 1.08 2,686,500 -30,000 Banyan Gold Corp. Common Shares Class Collins, Allan Jay 3, 4 5/23/2014 10 0.0595 2,010,000 50,000 (Formerly Banyan Coast "A" Capital Corp.) Banyan Gold Corp. Common Shares Class Collins, Allan Jay 3, 4 5/23/2014 10 0.06 2,060,000 50,000 (Formerly Banyan Coast "A" Capital Corp.) Banyan Gold Corp. Common Shares Class Collins, Allan Jay 3, 4 5/23/2014 10 0.0656 2,110,000 50,000 (Formerly Banyan Coast "A" Capital Corp.) Banyan Gold Corp. Common Shares Class Collins, Allan Jay 3, 4 5/23/2014 10 0.07 2,179,000 69,000 (Formerly Banyan Coast "A" Capital Corp.) Banyan Gold Corp. Common Shares Class Collins, Allan Jay 3, 4 5/26/2014 10 0.114 2,189,000 10,000 (Formerly Banyan Coast "A" Capital Corp.) Banyan Gold Corp. Common Shares Class Collins, Allan Jay 3, 4 5/27/2014 10 0.1 2,199,000 10,000 (Formerly Banyan Coast "A" Capital Corp.) Banyan Gold Corp. Common Shares Class Collins, Allan Jay 3, 4 5/27/2014 10 0.065 2,211,000 12,000 (Formerly Banyan Coast "A" Capital Corp.) Banyan Gold Corp. Common Shares Class Collins, Allan Jay 3, 4 5/28/2014 10 0.07 2,221,000 10,000 (Formerly Banyan Coast "A" Capital Corp.) Bauer Performance Sports Common Shares Smith, Matthew Rutledge 5 5/22/2014 51 3.49 5,603 5,603 Ltd. Bauer Performance Sports Common Shares Smith, Matthew Rutledge 5 5/30/2014 10 14.91 0 -5,603 Ltd. Bauer Performance Sports Options Rollover Options Smith, Matthew Rutledge 5 5/22/2014 51 3.49 175,469 -10,000 Ltd. Baytex Energy Corp. Common Shares Bowzer, James Lee 5 5/30/2014 57 43.01 32,114 3,602 Baytex Energy Corp. Common Shares Bowzer, James Lee 5 5/30/2014 57 43.01 53,706 21,592 Baytex Energy Corp. Common Shares Bowzer, James Lee 5 5/30/2014 30 45.3 40,807 -12,899 Baytex Energy Corp. Performance Awards Bowzer, James Lee 5 5/30/2014 57 66,668 -13,333 Baytex Energy Corp. Restricted Awards Bowzer, James Lee 5 5/30/2014 57 16,668 -3,333 Baytex Energy Corp. Common Shares Halstead, Neal Edward 5 4/1/2014 00 414 Baytex Energy Corp. Performance Awards Halstead, Neal Edward 5 4/1/2014 00 2,750 Baytex Energy Corp. Restricted Awards Halstead, Neal Edward 5 4/1/2014 00 2,250 Belo Sun Mining Corp. Common Shares Hoffman, Michael 5 5/27/2014 10 0.195 300,000 -100,000 Belo Sun Mining Corp. Common Shares Hoffman, Michael 5 5/28/2014 10 0.2 188,000 -112,000 Belo Sun Mining Corp. Common Shares Hoffman, Michael 5 5/29/2014 10 0.2 67,500 -120,500 Belo Sun Mining Corp. Common Shares Hoffman, Michael 5 5/30/2014 10 0.2 0 -67,500 Berkley Renewables Inc. Common Shares Wayrynen, Matt 4 5/22/2014 10 0.09 1,167,800 10,000 Berkley Renewables Inc. Common Shares Wayrynen, Matt 4 5/26/2014 10 0.08 1,168,800 1,000 Bioniche Life Sciences Inc. Common Shares Berendt, Michael Joseph 5 11/4/2013 00 Bioniche Life Sciences Inc. Common Shares Berendt, Michael Joseph 5 5/29/2014 10 0.175 120,000 120,000 Bioniche Life Sciences Inc. Common Shares Olds, Donald John 5 5/23/2014 10 0.19 35,000 25,000 Bioniche Life Sciences Inc. Common Shares Olds, Donald John 5 5/29/2014 10 0.18 60,000 25,000 Bioniche Life Sciences Inc. Common Shares Rae, James Moodie 4 5/23/2014 10 0.19 200,000 100,000 BioSyent Inc. Common Shares Wilson, Kevin 5 3/26/2012 00 BioSyent Inc. Common Shares Wilson, Kevin 5 5/23/2014 51 6 25,000 25,000 BioSyent Inc. Common Shares - Wilson, Kevin 5 5/23/2014 51 6 80,651 -25,000 Options

June 5, 2014 (2014), 37 OSCB 5448

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Bird Construction Inc. Common Shares Boyd, Ian Jeffrey 5 5/26/2014 10 14.05 47,795 20,000 BlackPearl Resources Inc. Common Shares Luhowy, Victor M. 4 5/15/2014 10 2.37 178,201 3,000 BlackPearl Resources Inc. Common Shares Luhowy, Victor M. 4 5/23/2014 10 2.4 184,201 2,000 BlackPearl Resources Inc. Common Shares Luhowy, Victor M. 4 5/27/2014 10 2.4 2,000 BlackPearl Resources Inc. Common Shares Luhowy, Victor M. 4 5/27/2014 10 2.32 186,201 2,000 Boralex Inc. Common Shares Aubut, Denis 5 5/28/2014 51 9.64 6,909 5,394 Boralex Inc. Options Options d'achat Aubut, Denis 5 5/28/2014 51 9.64 54,609 -5,394 d'actions ordinaires Boralex Inc. Common Shares Girardin, Hugues 5 5/26/2014 10 13.5 4,815 -1,717 Boralex Inc. Common Shares Girardin, Hugues 5 5/26/2014 10 13.51 3,815 -1,000 Boralex Inc. Common Shares Girardin, Hugues 5 5/26/2014 10 13.53 2,815 -1,000 Boralex Inc. Common Shares Girardin, Hugues 5 5/26/2014 10 13.55 1,615 -1,200 Boralex Inc. Common Shares Girardin, Hugues 5 5/26/2014 10 13.6 1,315 -300 Boralex Inc. Common Shares Lemaire, Alain 6 5/20/2014 10 14 60,100 -1,000 Boralex Inc. Common Shares Lemaire, Laurent 6 5/9/2014 10 13.45 2,500 Boralex Inc. Common Shares Lemaire, Laurent 6 5/9/2014 10 13.45 28,600 2,200 Boralex Inc. Common Shares Lemaire, Laurent 6 5/9/2014 10 13.41 300 Boralex Inc. Common Shares Lemaire, Laurent 6 5/9/2014 10 13.41 28,900 300 Boston Pizza Royalties Units Boston Pizza Royalties 1 5/26/2014 38 20.25 19,100 4,100 Income Fund Income Fund Boston Pizza Royalties Units Boston Pizza Royalties 1 5/27/2014 38 20.25 23,100 4,000 Income Fund Income Fund Boston Pizza Royalties Units Boston Pizza Royalties 1 5/28/2014 38 20.25 25,900 2,800 Income Fund Income Fund Boston Pizza Royalties Units Boston Pizza Royalties 1 5/29/2014 38 20.199 30,000 4,100 Income Fund Income Fund Boston Pizza Royalties Units Boston Pizza Royalties 1 5/30/2014 38 20.224 34,100 4,100 Income Fund Income Fund Brixton Metals Corporation Options Defer, James Peter 4 5/23/2014 38 0 -650,000 Brixton Metals Corporation Common Shares Moodie, Cale 4, 5 5/23/2014 37 178,200 -1,603,800 Brixton Metals Corporation Common Shares Moodie, Cale 4, 5 5/26/2014 10 0.39 179,500 1,300 Brixton Metals Corporation Common Shares Moodie, Cale 4, 5 5/23/2014 37 4,000 -36,000 Brixton Metals Corporation Options Moodie, Cale 4, 5 5/23/2014 52 0 -2,175,000 Brixton Metals Corporation Common Shares Posescu, Sorin 5 5/23/2014 37 2,400 -21,600 Brixton Metals Corporation Options Posescu, Sorin 5 5/23/2014 52 0 -975,000 Brixton Metals Corporation Common Shares Thompson, Gary Robert 6 5/23/2014 37 1 Brixton Metals Corporation Common Shares Thompson, Gary Robert 6 5/23/2014 37 1 Brixton Metals Corporation Common Shares Thompson, Gary Robert 6 5/23/2014 37 779,687 -4,317,180 Brixton Metals Corporation Common Shares Thompson, Gary Robert 6 5/27/2014 10 0.4 782,687 3,000 Brixton Metals Corporation Common Shares Thompson, Gary Robert 6 5/27/2014 10 0.395 784,687 2,000 Brixton Metals Corporation Common Shares Thompson, Gary Robert 6 5/27/2014 10 0.39 787,687 3,000 Brixton Metals Corporation Common Shares Thompson, Gary Robert 6 5/27/2014 10 0.38 789,687 2,000 Brixton Metals Corporation Options Thompson, Gary Robert 6 5/23/2014 38 1 Brixton Metals Corporation Options Thompson, Gary Robert 6 5/23/2014 38 -2,575,000 Brixton Metals Corporation Options Thompson, Gary Robert 6 5/23/2014 50 2,575,000 300,000 Brixton Metals Corporation Options Thompson, Gary Robert 6 5/23/2014 38 0 -2,575,000 Brookfield Asset Common Shares Class A Blidner, Jeffrey Miles 5 5/23/2014 97 0 -21,875 Management Inc. Limited Voting Brookfield Property Partners Limited Partnership Units Blidner, Jeffrey Miles 4, 6 5/23/2014 97 0 -12,734 L.P. Brookfield Property Partners Limited Partnership Units Brookfield Asset 3 4/15/2013 00 L.P. Management Inc. Brookfield Property Partners Limited Partnership Units Brookfield Asset 3 5/28/2014 90 4,045,955 4,045,955 L.P. Management Inc. Brookfield Property Partners Limited Partnership Units Brookfield Asset 3 5/28/2014 90 0 -4,045,955 L.P. Management Inc. Buhler Industries Inc. Common Shares Buhler, John 3, 4 5/21/2014 10 6.1 284,900 200 Buhler Industries Inc. Common Shares Buhler, John 3, 4 5/22/2014 10 6.15 289,500 4,600 Buhler Industries Inc. Common Shares Buhler, John 3, 4 5/23/2014 10 6.15 301,500 12,000 CAE Inc. Options Employee Stock Amyot, Robert 5 5/21/2014 50 14.66 28,351 Option Plan

June 5, 2014 (2014), 37 OSCB 5449

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed CAE Inc. Options Employee Stock Amyot, Robert 5 5/21/2014 50 14.66 42,300 28,400 Option Plan CAE Inc. Performance Share Units Amyot, Robert 5 4/7/2014 00 (PSU) CAE Inc. Performance Share Units Amyot, Robert 5 5/21/2014 56 14.66 47,251 (PSU) CAE Inc. Performance Share Units Amyot, Robert 5 5/21/2014 56 14.66 9,380 9,380 (PSU) CAE Inc. Restricted Share Units- Amyot, Robert 5 4/7/2014 00 time vested CAE Inc. Restricted Share Units- Amyot, Robert 5 5/21/2014 56 14.66 18,900 time vested CAE Inc. Restricted Share Units- Amyot, Robert 5 5/21/2014 56 14.66 3,760 3,760 time vested CAE Inc. Common Shares Arnovitz, Andrew 5 5/26/2014 51 12.65 7,946 4,625 CAE Inc. Common Shares Arnovitz, Andrew 5 5/26/2014 10 14.8 3,321 -4,625 CAE Inc. Common Shares Arnovitz, Andrew 5 5/28/2014 51 10.2 9,921 6,600 CAE Inc. Common Shares Arnovitz, Andrew 5 5/28/2014 10 14.86 8,321 -1,600 CAE Inc. Common Shares Arnovitz, Andrew 5 5/28/2014 10 14.85 3,321 -5,000 CAE Inc. Options Employee Stock Arnovitz, Andrew 5 5/21/2014 50 14.66 36,186 Option Plan CAE Inc. Options Employee Stock Arnovitz, Andrew 5 5/21/2014 50 14.66 97,500 36,200 Option Plan CAE Inc. Options Employee Stock Arnovitz, Andrew 5 5/26/2014 51 12.65 92,875 -4,625 Option Plan CAE Inc. Options Employee Stock Arnovitz, Andrew 5 5/28/2014 51 10.2 86,275 -6,600 Option Plan CAE Inc. Performance Share Units Arnovitz, Andrew 5 6/11/2007 00 (PSU) CAE Inc. Performance Share Units Arnovitz, Andrew 5 5/21/2014 56 14.66 60,309 (PSU) CAE Inc. Performance Share Units Arnovitz, Andrew 5 5/21/2014 56 14.66 11,980 11,980 (PSU) CAE Inc. Restricted Share Units Arnovitz, Andrew 5 5/24/2014 59 14.59 23,047 -3,563 CAE Inc. Restricted Share Units Arnovitz, Andrew 5 5/24/2014 58 - Expiration 19,860 -3,187 of rights CAE Inc. Restricted Share Units- Arnovitz, Andrew 5 6/11/2007 00 time vested CAE Inc. Restricted Share Units- Arnovitz, Andrew 5 5/21/2014 56 14.66 24,124 time vested CAE Inc. Restricted Share Units- Arnovitz, Andrew 5 5/21/2014 56 14.66 4,790 4,790 time vested CAE Inc. Common Shares Bourque, Nathalie 5 5/27/2014 51 12.65 5,926 4,750 CAE Inc. Common Shares Bourque, Nathalie 5 5/27/2014 10 14.8 1,176 -4,750 CAE Inc. Common Shares Bourque, Nathalie 5 5/29/2014 51 10.2 7,976 6,800 CAE Inc. Common Shares Bourque, Nathalie 5 5/29/2014 10 14.84 5,276 -2,700 CAE Inc. Common Shares Bourque, Nathalie 5 5/29/2014 10 14.83 3,076 -2,200 CAE Inc. Common Shares Bourque, Nathalie 5 5/29/2014 10 14.82 1,876 -1,200 CAE Inc. Common Shares Bourque, Nathalie 5 5/29/2014 10 14.81 1,176 -700 CAE Inc. Options Employee Stock Bourque, Nathalie 5 5/21/2014 50 14.66 24,816 Option Plan CAE Inc. Options Employee Stock Bourque, Nathalie 5 5/21/2014 50 14.66 81,200 24,900 Option Plan CAE Inc. Options Employee Stock Bourque, Nathalie 5 5/27/2014 51 12.65 76,450 -4,750 Option Plan CAE Inc. Options Employee Stock Bourque, Nathalie 5 5/29/2014 51 10.2 69,650 -6,800 Option Plan CAE Inc. Performance Share Units Bourque, Nathalie 5 1/10/2005 00 (PSU) CAE Inc. Performance Share Units Bourque, Nathalie 5 5/21/2014 56 14.66 41,361 (PSU) CAE Inc. Performance Share Units Bourque, Nathalie 5 5/21/2014 56 14.66 8,220 8,220 (PSU) CAE Inc. Restricted Share Units Bourque, Nathalie 5 5/24/2014 59 14.59 20,425 -3,665

June 5, 2014 (2014), 37 OSCB 5450

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed CAE Inc. Restricted Share Units Bourque, Nathalie 5 5/24/2014 58 - Expiration 17,147 -3,278 of rights CAE Inc. Restricted Share Units- Bourque, Nathalie 5 1/10/2005 00 time vested CAE Inc. Restricted Share Units- Bourque, Nathalie 5 5/21/2014 56 14.66 16,544 time vested CAE Inc. Restricted Share Units- Bourque, Nathalie 5 5/21/2014 56 14.66 3,290 3,290 time vested CAE Inc. Common Shares Branco, Sonya 5 5/29/2014 51 11.02 6,914 5,550 CAE Inc. Common Shares Branco, Sonya 5 5/29/2014 10 14.72 1,414 -5,500 CAE Inc. Common Shares Branco, Sonya 5 5/29/2014 10 14.71 1,364 -50 CAE Inc. Common Shares Branco, Sonya 5 5/29/2014 51 10.2 4,239 2,875 CAE Inc. Common Shares Branco, Sonya 5 5/29/2014 10 14.73 1,364 -2,875 CAE Inc. Options Employee Stock Branco, Sonya 5 5/21/2014 50 14.66 15,609 Option Plan CAE Inc. Options Employee Stock Branco, Sonya 5 5/21/2014 50 14.66 47,775 15,700 Option Plan CAE Inc. Options Employee Stock Branco, Sonya 5 5/29/2014 51 11.02 42,225 -5,550 Option Plan CAE Inc. Options Employee Stock Branco, Sonya 5 5/29/2014 51 10.2 39,350 -2,875 Option Plan CAE Inc. Performance Share Units Branco, Sonya 5 11/10/2011 00 (PSU) CAE Inc. Performance Share Units Branco, Sonya 5 5/21/2014 56 14.66 26,015 (PSU) CAE Inc. Performance Share Units Branco, Sonya 5 5/21/2014 56 14.66 5,170 5,170 (PSU) CAE Inc. Restricted Share Units Branco, Sonya 5 5/24/2014 59 14.59 9,659 -478 CAE Inc. Restricted Share Units Branco, Sonya 5 5/24/2014 58 - Expiration 9,232 -427 of rights CAE Inc. Restricted Share Units- Branco, Sonya 5 11/10/2011 00 time vested CAE Inc. Restricted Share Units- Branco, Sonya 5 5/21/2014 56 14.66 10,406 time vested CAE Inc. Restricted Share Units- Branco, Sonya 5 5/21/2014 56 14.66 2,070 2,070 time vested CAE Inc. Options Employee Stock Bussieres, Eric 5 5/21/2014 50 14.66 8,877 Option Plan CAE Inc. Options Employee Stock Bussieres, Eric 5 5/21/2014 50 14.66 43,175 8,900 Option Plan CAE Inc. Performance Share Units Bussieres, Eric 5 7/25/2006 00 (PSU) CAE Inc. Performance Share Units Bussieres, Eric 5 5/21/2014 56 14.66 14,795 (PSU) CAE Inc. Performance Share Units Bussieres, Eric 5 5/21/2014 56 14.66 2,940 2,940 (PSU) CAE Inc. Restricted Share Units Bussieres, Eric 5 5/24/2014 59 14.59 9,881 -1,739 CAE Inc. Restricted Share Units Bussieres, Eric 5 5/24/2014 58 - Expiration 8,326 -1,555 of rights CAE Inc. Restricted Share Units- Bussieres, Eric 5 7/25/2006 00 time vested CAE Inc. Restricted Share Units- Bussieres, Eric 5 5/21/2014 56 14.66 5,918 time vested CAE Inc. Restricted Share Units- Bussieres, Eric 5 5/21/2014 56 14.66 1,180 1,180 time vested CAE Inc. Options Employee Stock Colabatistto, Gennaro 5 5/21/2014 50 14.66 78,495 Option Plan CAE Inc. Options Employee Stock Colabatistto, Gennaro 5 5/21/2014 50 14.66 308,300 78,600 Option Plan CAE Inc. Performance Share Units Colabatistto, Gennaro 5 6/4/2012 00 (PSU) CAE Inc. Performance Share Units Colabatistto, Gennaro 5 5/21/2014 56 14.66 130,825 (PSU) CAE Inc. Performance Share Units Colabatistto, Gennaro 5 5/21/2014 56 14.66 25,990 25,990 (PSU)

June 5, 2014 (2014), 37 OSCB 5451

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed CAE Inc. Restricted Share Units- Colabatistto, Gennaro 5 6/4/2012 00 time vested CAE Inc. Restricted Share Units- Colabatistto, Gennaro 5 5/21/2014 56 14.66 52,330 time vested CAE Inc. Restricted Share Units- Colabatistto, Gennaro 5 5/21/2014 56 14.66 10,400 10,400 time vested CAE Inc. Restricted Share Units Cormier, Bernard 5 5/24/2014 59 14.59 32,540 -4,900 CAE Inc. Restricted Share Units Cormier, Bernard 5 5/24/2014 58 - Expiration 28,158 -4,382 of rights CAE Inc. Options Employee Stock Leclerc, Robert 5 5/21/2014 51 14.66 20,456 Option Plan CAE Inc. Options Employee Stock Leclerc, Robert 5 5/21/2014 50 14.66 20,456 Option Plan CAE Inc. Options Employee Stock Leclerc, Robert 5 5/21/2014 50 14.66 73,650 20,500 Option Plan CAE Inc. Performance Share Units Leclerc, Robert 5 5/29/2003 00 (PSU) CAE Inc. Performance Share Units Leclerc, Robert 5 5/21/2014 56 14.66 34,093 (PSU) CAE Inc. Performance Share Units Leclerc, Robert 5 5/21/2014 56 14.66 6,770 6,770 (PSU) CAE Inc. Restricted Share Units Leclerc, Robert 5 5/24/2014 59 14.59 13,895 -2,544 CAE Inc. Restricted Share Units Leclerc, Robert 5 5/24/2014 58 - Expiration 11,620 -2,275 of rights CAE Inc. Restricted Share Units- Leclerc, Robert 5 5/29/2003 00 time vested CAE Inc. Restricted Share Units- Leclerc, Robert 5 5/21/2014 56 14.66 13,637 time vested CAE Inc. Restricted Share Units- Leclerc, Robert 5 5/21/2014 56 14.66 2,710 2,710 time vested CAE Inc. Options Employee Stock Lefebvre, Stephane 5 5/21/2014 50 14.66 78,351 Option Plan CAE Inc. Options Employee Stock Lefebvre, Stephane 5 5/21/2014 50 14.66 331,100 78,400 Option Plan CAE Inc. Performance Share Units Lefebvre, Stephane 5 5/16/2005 00 (PSU) CAE Inc. Performance Share Units Lefebvre, Stephane 5 5/21/2014 56 14.66 130,584 (PSU) CAE Inc. Performance Share Units Lefebvre, Stephane 5 5/21/2014 56 14.66 25,930 25,930 (PSU) CAE Inc. Restricted Share Units Lefebvre, Stephane 5 5/24/2014 59 14.59 57,681 -7,889 CAE Inc. Restricted Share Units Lefebvre, Stephane 5 5/24/2014 58 - Expiration 50,625 -7,056 of rights CAE Inc. Restricted Share Units- Lefebvre, Stephane 5 5/16/2005 00 time vested CAE Inc. Restricted Share Units- Lefebvre, Stephane 5 5/21/2014 56 14.66 52,234 time vested CAE Inc. Restricted Share Units- Lefebvre, Stephane 5 5/21/2014 56 14.66 10,370 10,370 time vested CAE Inc. Options Employee Stock Leontidis, Nick 5 5/21/2014 50 14.66 85,237 Option Plan CAE Inc. Options Employee Stock Leontidis, Nick 5 5/21/2014 50 14.66 351,325 85,300 Option Plan CAE Inc. Performance Share Units Leontidis, Nick 5 5/27/2003 00 (PSU) CAE Inc. Performance Share Units Leontidis, Nick 5 5/21/2014 56 14.66 142,062 (PSU) CAE Inc. Performance Share Units Leontidis, Nick 5 5/21/2014 56 14.66 28,200 28,200 (PSU) CAE Inc. Restricted Share Units Leontidis, Nick 5 5/24/2014 59 14.59 63,402 -8,399 CAE Inc. Restricted Share Units Leontidis, Nick 5 5/24/2014 58 - Expiration 55,890 -7,512 of rights CAE Inc. Restricted Share Units- Leontidis, Nick 5 5/27/2003 00 time vested CAE Inc. Restricted Share Units- Leontidis, Nick 5 5/21/2014 56 14.66 56,825 time vested

June 5, 2014 (2014), 37 OSCB 5452

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed CAE Inc. Restricted Share Units- Leontidis, Nick 5 5/21/2014 56 14.66 11,280 11,280 time vested CAE Inc. Options Employee Stock McConnell, Bruce 5 5/21/2014 50 14.66 5,670 Option Plan CAE Inc. Options Employee Stock McConnell, Bruce 5 5/21/2014 50 14.66 15,700 5,700 Option Plan CAE Inc. Performance Share Units McConnell, Bruce 5 11/13/2013 00 (PSU) CAE Inc. Performance Share Units McConnell, Bruce 5 5/21/2014 56 14.66 9,451 (PSU) CAE Inc. Performance Share Units McConnell, Bruce 5 5/21/2014 56 14.66 1,880 1,880 (PSU) CAE Inc. Restricted Share Units- McConnell, Bruce 5 11/13/2013 00 time vested CAE Inc. Restricted Share Units- McConnell, Bruce 5 5/21/2014 56 14.66 3,780 time vested CAE Inc. Restricted Share Units- McConnell, Bruce 5 5/21/2014 56 14.66 760 760 time vested CAE Inc. Options Employee Stock McKay, Damian 5 5/21/2014 50 14.66 67,125 18,600 Option Plan CAE Inc. Performance Share Units McKay, Damian 5 6/6/2013 00 (PSU) CAE Inc. Performance Share Units McKay, Damian 5 5/21/2014 56 14.66 30,999 (PSU) CAE Inc. Performance Share Units McKay, Damian 5 5/21/2014 56 14.66 6,160 6,160 (PSU) CAE Inc. Restricted Share Units- McKay, Damian 5 6/6/2013 00 time vested CAE Inc. Restricted Share Units- McKay, Damian 5 5/21/2014 56 14.66 12,400 time vested CAE Inc. Restricted Share Units- McKay, Damian 5 5/21/2014 56 14.66 2,470 2,470 time vested CAE Inc. Options Employee Stock Parent, Marc 4 3/4/2014 51 7.6 -5,700 Option Plan CAE Inc. Options Employee Stock Parent, Marc 4 3/4/2014 51 7.6 -5,700 Option Plan CAE Inc. Options Employee Stock Parent, Marc 4 5/21/2014 50 14.66 265,979 Option Plan CAE Inc. Options Employee Stock Parent, Marc 4 5/21/2014 50 14.66 1,797,900 266,000 Option Plan CAE Inc. Performance Share Units Parent, Marc 4 1/31/2005 00 (PSU) CAE Inc. Performance Share Units Parent, Marc 4 5/21/2014 56 14.66 443,299 (PSU) CAE Inc. Performance Share Units Parent, Marc 4 5/21/2014 56 14.66 88,000 88,000 (PSU) CAE Inc. Restricted Share Units Parent, Marc 4 5/24/2014 59 14.59 169,668 -34,416 CAE Inc. Restricted Share Units Parent, Marc 4 5/24/2014 58 - Expiration 138,886 -30,782 of rights CAE Inc. Restricted Share Units- Parent, Marc 4 1/31/2005 00 time vested CAE Inc. Restricted Share Units- Parent, Marc 4 5/21/2014 56 14.66 177,320 time vested CAE Inc. Restricted Share Units- Parent, Marc 4 5/21/2014 56 14.66 35,200 35,200 time vested CAE Inc. Common Shares Paterson, Hartland 5 5/26/2014 51 12.65 10,929 6,600 CAE Inc. Common Shares Paterson, Hartland 5 5/26/2014 10 14.85 8,929 -2,000 CAE Inc. Common Shares Paterson, Hartland 5 5/26/2014 10 14.84 8,029 -900 CAE Inc. Common Shares Paterson, Hartland 5 5/26/2014 10 14.83 4,929 -3,100 CAE Inc. Common Shares Paterson, Hartland 5 5/26/2014 10 14.82 4,329 -600 CAE Inc. Common Shares Paterson, Hartland 5 5/28/2014 51 10.2 14,004 9,675 CAE Inc. Common Shares Paterson, Hartland 5 5/28/2014 10 14.87 12,204 -1,800 CAE Inc. Common Shares Paterson, Hartland 5 5/28/2014 10 14.86 7,504 -4,700 CAE Inc. Common Shares Paterson, Hartland 5 5/28/2014 10 14.85 4,329 -3,175 CAE Inc. Options Employee Stock Paterson, Hartland 5 5/21/2014 50 14.66 38,784 Option Plan

June 5, 2014 (2014), 37 OSCB 5453

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed CAE Inc. Options Employee Stock Paterson, Hartland 5 5/21/2014 50 14.66 118,850 38,800 Option Plan CAE Inc. Options Employee Stock Paterson, Hartland 5 5/26/2014 51 12.65 112,250 -6,600 Option Plan CAE Inc. Options Employee Stock Paterson, Hartland 5 5/28/2014 51 10.2 102,575 -9,675 Option Plan CAE Inc. Performance Share Units Paterson, Hartland 5 2/21/2003 00 (PSU) CAE Inc. Performance Share Units Paterson, Hartland 5 5/21/2014 56 14.66 64,639 (PSU) CAE Inc. Performance Share Units Paterson, Hartland 5 5/21/2014 56 14.66 12,840 12,840 (PSU) CAE Inc. Restricted Share Units Paterson, Hartland 5 5/24/2014 59 14.59 29,027 -5,093 CAE Inc. Restricted Share Units Paterson, Hartland 5 5/24/2014 58 - Expiration 24,472 -4,555 of rights CAE Inc. Restricted Share Units- Paterson, Hartland 5 2/21/2003 00 time vested CAE Inc. Restricted Share Units- Paterson, Hartland 5 5/21/2014 56 14.66 25,856 time vested CAE Inc. Restricted Share Units- Paterson, Hartland 5 5/21/2014 56 14.66 5,140 5,140 time vested CAE Inc. Options Employee Stock Poirier, Mario 5 5/21/2014 50 14.66 8,958 Option Plan CAE Inc. Options Employee Stock Poirier, Mario 5 5/21/2014 50 14.66 31,300 9,000 Option Plan CAE Inc. Performance Share Units Poirier, Mario 5 7/19/2011 00 (PSU) CAE Inc. Performance Share Units Poirier, Mario 5 5/21/2014 56 14.66 14,929 (PSU) CAE Inc. Performance Share Units Poirier, Mario 5 5/21/2014 56 14.66 2,970 2,970 (PSU) CAE Inc. Restricted Share Units Poirier, Mario 5 5/24/2014 59 14.59 6,085 -585 CAE Inc. Restricted Share Units Poirier, Mario 5 5/24/2014 58 - Expiration 5,562 -523 of rights CAE Inc. Restricted Share Units- Poirier, Mario 5 7/19/2011 00 time vested CAE Inc. Restricted Share Units- Poirier, Mario 5 5/21/2014 56 14.66 5,972 time vested CAE Inc. Restricted Share Units- Poirier, Mario 5 5/21/2014 56 14.66 1,190 1,190 time vested California Gold Mining Inc. Common Shares Conroy, Behn 5 5/23/2014 16 0.05 2,066,837 400,000 (formerly, Upper Canada Gold Corporation) California Gold Mining Inc. Common Shares R.W. Tomlinson Limited 3 5/23/2014 11 0.05 21,400,000 3,000,000 (formerly, Upper Canada Gold Corporation) California Gold Mining Inc. Common Shares Williams, Chad 5 5/12/2014 00 (formerly, Upper Canada Gold Corporation) California Gold Mining Inc. Common Shares Williams, Chad 5 5/23/2014 16 0.05 500,000 500,000 (formerly, Upper Canada Gold Corporation) Canaccord Genuity Group Common Shares Daviau, Daniel Joseph 7 4/23/2014 90 369,193 -369,178 Inc. Canaccord Genuity Group Common Shares Daviau, Daniel Joseph 7 4/23/2014 90 869,053 369,178 Inc. Canaccord Genuity Group Common Shares Daviau, Daniel Joseph 7 4/23/2014 90 869,068 15 Inc. Canaccord Genuity Group Common Shares Daviau, Daniel Joseph 7 4/23/2014 90 738,371 -15 Inc. Canaccord Genuity Group Common Shares Daviau, Daniel Joseph 7 4/23/2014 90 15 Inc. Canaccord Genuity Group Common Shares Daviau, Daniel Joseph 7 4/23/2014 90 15 Inc. Canaccord Genuity Group Common Shares Evershed, Philip 4 4/23/2014 90 353,553 -369,178 Inc.

June 5, 2014 (2014), 37 OSCB 5454

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Canaccord Genuity Group Common Shares Evershed, Philip 4 4/23/2014 90 776,758 369,178 Inc. Canaccord Genuity Group Common Shares Evershed, Philip 4 4/23/2014 90 776,773 15 Inc. Canaccord Genuity Group Common Shares Evershed, Philip 4 4/23/2014 90 353,538 -15 Inc. Canaccord Genuity Group Common Shares Goldberg, Barry 7 4/23/2014 90 209,766 -209,759 Inc. Canaccord Genuity Group Common Shares Goldberg, Barry 7 4/23/2014 90 150,873 7 Inc. Canaccord Genuity Group Common Shares Goldberg, Barry 7 4/23/2014 90 360,632 209,759 Inc. Canaccord Genuity Group Common Shares Goldberg, Barry 7 4/23/2014 90 419,525 -7 Inc. Canaccord Genuity Group Common Shares Hirst, Edward Raye 7 4/23/2014 90 373,826 -346,756 Inc. Canaccord Genuity Group Common Shares Hirst, Edward Raye 7 4/23/2014 90 1,115,626 346,756 Inc. Canaccord Genuity Group Common Shares Hirst, Edward Raye 7 4/23/2014 90 1,129,161 13,535 Inc. Canaccord Genuity Group Common Shares Hirst, Edward Raye 7 4/23/2014 90 360,291 -13,535 Inc. Canaccord Genuity Group Common Shares Hunter, Darren James 7 4/23/2014 90 6,951 -6,951 Inc. Canaccord Genuity Group Common Shares Hunter, Darren James 7 4/23/2014 90 254,814 6,951 Inc. Canacol Energy Ltd. Common Shares Flick, Kevin James 5 5/28/2014 51 3.38 83,333 33,333 Canacol Energy Ltd. Options (Common Flick, Kevin James 5 5/28/2014 51 258,167 -33,333 Shares) Canacol Energy Ltd. Common Shares Teare, Mark Reginald 5 5/28/2014 51 1.9 130,100 50,100 Canacol Energy Ltd. Options (Common Teare, Mark Reginald 5 5/28/2014 51 477,500 -50,100 Shares) Canada Bread Company, Common Shares Boland, James Nicholas 6 5/23/2014 22 72 0 -1,100 Limited Canada Bread Company, Common Shares Bragg, John L. 4 5/23/2014 22 72 0 -25,800 Limited Canada Bread Company, Common Shares Bragg, John L. 4 5/23/2014 22 72 0 -10,200 Limited Canada Bread Company, Common Shares Bragg, John L. 4 5/23/2014 22 72 0 -12,530 Limited Canada Bread Company, Common Shares Cappuccitti, Rocco 6, 5 5/23/2014 22 72 0 -1,000 Limited Canada Bread Company, Common Shares Everett, Sarah 4 5/23/2014 22 72 0 -1,600 Limited Canada Bread Company, Common Shares Lan, Richard Allan 4, 5 5/23/2014 22 72 0 -3,500 Limited Canada Bread Company, Common Shares Maple Leaf Foods Inc. 3 5/22/2014 90 0 -22,875,215 Limited Canada Bread Company, Common Shares Maple Leaf Foods Inc. 3 5/5/2003 00 Limited Canada Bread Company, Common Shares Maple Leaf Foods Inc. 3 5/22/2014 90 22,875,215 22,875,215 Limited Canada Bread Company, Common Shares Maple Leaf Foods Inc. 3 5/23/2014 22 72 0 -22,875,215 Limited Canada Bread Company, Common Shares McLean, Barry 5 5/23/2014 22 72 0 -3,000 Limited Canada Bread Company, Common Shares Petch, John Frank 4 5/23/2014 22 72 0 -1,000 Limited Canada Bread Company, Common Shares Petch, John Frank 4 5/23/2014 22 72 0 -500 Limited Canada Bread Company, Common Shares Vels, Michael Harold 5 5/23/2014 22 72 0 -5,000 Limited Canadian Apartment Trust Units Schwartz, Thomas 4, 5 4/15/2014 30 20.191 406,383 151 Properties Real Estate Investment Trust

June 5, 2014 (2014), 37 OSCB 5455

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Canadian Apartment Trust Units Schwartz, Thomas 4, 5 4/15/2014 30 20.191 407,063 680 Properties Real Estate Investment Trust Canadian Apartment Trust Units Schwartz, Thomas 4, 5 4/15/2014 30 20.191 70,170 331 Properties Real Estate Investment Trust Canadian Apartment Trust Units Schwartz, Thomas 4, 5 4/15/2014 30 20.191 291,025 1,374 Properties Real Estate Investment Trust Canadian Apartment Trust Units Schwartz, Thomas 4, 5 4/15/2014 30 20.191 316,992 1,497 Properties Real Estate Investment Trust Canadian Apartment Trust Units Schwartz, Thomas 4, 5 4/15/2014 30 20.191 316,605 1,475 Properties Real Estate Investment Trust Canadian Apartment Trust Units Schwartz, Thomas 4, 5 4/15/2014 30 20.192 316,624 19 Properties Real Estate Investment Trust Canadian Energy Services & Common Shares Zinger, Kenneth Earl 5 5/23/2014 51 6.17 799,835 15,000 Technology Corp. Canadian Energy Services & Common Shares Zinger, Kenneth Earl 5 5/23/2014 10 33.144 784,835 -15,000 Technology Corp. Canadian Energy Services & Options Zinger, Kenneth Earl 5 5/23/2014 51 6.17 0 -15,000 Technology Corp. Canadian Imperial Bank of Common Shares CIBC 1 5/20/2014 38 96.549 15,000 15,000 Commerce Canadian Imperial Bank of Common Shares CIBC 1 5/20/2014 38 96.549 0 -15,000 Commerce Canadian Imperial Bank of Common Shares CIBC 1 5/21/2014 38 97.241 15,000 15,000 Commerce Canadian Imperial Bank of Common Shares CIBC 1 5/21/2014 38 97.241 0 -15,000 Commerce Canadian Imperial Bank of Common Shares CIBC 1 5/22/2014 38 98.464 15,000 15,000 Commerce Canadian Imperial Bank of Common Shares CIBC 1 5/22/2014 38 98.464 0 -15,000 Commerce Canadian Imperial Bank of Common Shares CIBC 1 5/23/2014 38 98.822 15,000 15,000 Commerce Canadian Imperial Bank of Common Shares CIBC 1 5/23/2014 38 98.822 0 -15,000 Commerce Canadian Imperial Bank of Common Shares Sirois, Charles 4 4/28/2014 30 95.877 16,485 136 Commerce Canadian Life Companies Class A Shares Cruickshank, Peter F. 4, 5 2/27/2006 00 Split Corp. Canadian Life Companies Class A Shares Cruickshank, Peter F. 4, 5 5/26/2014 54 2.6 82,000 82,000 Split Corp. Canadian Life Companies Preferred Shares Cruickshank, Peter F. 4, 5 2/27/2006 00 Split Corp. Canadian Life Companies Preferred Shares Cruickshank, Peter F. 4, 5 5/26/2014 54 10 82,000 82,000 Split Corp. Canadian Life Companies Warrants Cruickshank, Peter F. 4, 5 5/26/2014 54 12.6 0 -82,000 Split Corp. Canadian Life Companies Class A Shares Finch, S. Wayne 4, 5 3/30/2005 00 Split Corp. Canadian Life Companies Class A Shares Finch, S. Wayne 4, 5 5/21/2014 54 75,000 75,000 Split Corp. Canadian Life Companies Class A Shares Finch, S. Wayne 4, 5 5/22/2014 54 230,000 155,000 Split Corp. Canadian Life Companies Class A Shares Finch, S. Wayne 4, 5 5/26/2014 54 290,000 60,000 Split Corp. Canadian Life Companies Class A Shares Finch, S. Wayne 4, 5 5/27/2014 54 360,000 70,000 Split Corp. Canadian Life Companies Preferred Shares Finch, S. Wayne 4, 5 3/30/2005 00 Split Corp. Canadian Life Companies Preferred Shares Finch, S. Wayne 4, 5 5/21/2014 54 75,000 75,000 Split Corp. Canadian Life Companies Preferred Shares Finch, S. Wayne 4, 5 5/21/2014 10 10.03 47,500 -27,500 Split Corp.

June 5, 2014 (2014), 37 OSCB 5456

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Canadian Life Companies Preferred Shares Finch, S. Wayne 4, 5 5/22/2014 54 202,500 155,000 Split Corp. Canadian Life Companies Preferred Shares Finch, S. Wayne 4, 5 5/22/2014 10 10.04 132,500 -70,000 Split Corp. Canadian Life Companies Preferred Shares Finch, S. Wayne 4, 5 5/23/2014 10 10.02 42,500 -90,000 Split Corp. Canadian Life Companies Preferred Shares Finch, S. Wayne 4, 5 5/26/2014 54 102,500 60,000 Split Corp. Canadian Life Companies Preferred Shares Finch, S. Wayne 4, 5 5/26/2014 10 10.03 42,500 -60,000 Split Corp. Canadian Life Companies Preferred Shares Finch, S. Wayne 4, 5 5/27/2014 54 112,500 70,000 Split Corp. Canadian Life Companies Preferred Shares Finch, S. Wayne 4, 5 5/27/2014 10 10.02 42,500 Split Corp. Canadian Life Companies Preferred Shares Finch, S. Wayne 4, 5 5/27/2014 10 10.02 42,500 Split Corp. Canadian Life Companies Preferred Shares Finch, S. Wayne 4, 5 5/27/2014 10 10.02 70,000 -42,500 Split Corp. Canadian Life Companies Warrants Finch, S. Wayne 4, 5 5/21/2014 54 438,000 -75,000 Split Corp. Canadian Life Companies Warrants Finch, S. Wayne 4, 5 5/27/2014 54 12.6 153,000 -70,000 Split Corp. Canadian Life Companies Warrants Finch, S. Wayne 4, 5 5/27/2014 10 1.01 123,000 -30,000 Split Corp. Canadian Life Companies Warrants Finch, S. Wayne 4, 5 5/21/2014 54 -7,500 Split Corp. Canadian Life Companies Warrants Finch, S. Wayne 4, 5 5/21/2014 54 -7,500 Split Corp. Canadian Life Companies Warrants Finch, S. Wayne 4, 5 5/22/2014 54 283,000 -155,000 Split Corp. Canadian Life Companies Warrants Finch, S. Wayne 4, 5 5/26/2014 54 223,000 -60,000 Split Corp. Canadian Natural Resources Common Shares Jocksch, Terry James 5 5/26/2014 51 34.385 176,545 25,000 Limited Canadian Natural Resources Common Shares Jocksch, Terry James 5 5/26/2014 10 44.43 151,545 -25,000 Limited Canadian Natural Resources Options Jocksch, Terry James 5 5/26/2014 51 34.385 545,000 -25,000 Limited Canadian Natural Resources Common Shares Laing, Ronald Keith 5 5/26/2014 51 28.06 18,638 2,000 Limited Canadian Natural Resources Common Shares Laing, Ronald Keith 5 5/26/2014 10 44.59 16,638 -2,000 Limited Canadian Natural Resources Options Laing, Ronald Keith 5 5/26/2014 51 28.06 152,800 -2,000 Limited Canadian Orebodies Inc. Common Shares McKinnon, Gordon Scott 4, 5 5/26/2014 90 13,750,269 -970,800 Townsend Canadian Orebodies Inc. Common Shares McKinnon, Gordon Scott 4, 5 5/26/2014 90 1,949,731 970,800 Townsend Canadian Orebodies Inc. Warrants McKinnon, Gordon Scott 4, 5 11/19/2013 55 0.18 0 -115,000 Townsend Canadian Pacific Railway Common Shares Brooks, John Kenneth 5 5/19/2014 00 1,149 Limited Canadian Pacific Railway Options Brooks, John Kenneth 5 5/19/2014 00 16,635 Limited Canadian Pacific Railway Rights DSU Brooks, John Kenneth 5 5/19/2014 00 960 Limited Canadian Pacific Railway Rights PSU Brooks, John Kenneth 5 5/19/2014 00 1,484 Limited Canadian Quantum Energy Common Shares Lang International Holdings 3 5/22/2014 00 Corporation Limited Canadian Quantum Energy Common Shares Lang International Holdings 3 5/22/2014 16 0.1 11,660,000 11,660,000 Corporation Limited Canadian Quantum Energy Common Shares Lang International Holdings 3 5/22/2014 97 0.1 22,631,000 10,971,000 Corporation Limited Canadian Quantum Energy Series 1 Debentures Lang International Holdings 3 5/22/2014 00 Corporation Limited

June 5, 2014 (2014), 37 OSCB 5457

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Canadian Quantum Energy Series 1 Debentures Lang International Holdings 3 5/22/2014 16 0.12 7,793,664 7,793,664 Corporation Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 5/26/2014 38 104.51 18,500 18,500 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 5/26/2014 38 104.51 0 -18,500 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 5/27/2014 38 105.13 35,000 35,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 5/27/2014 10 105.13 0 -35,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 5/28/2014 38 103.61 35,000 35,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 5/28/2014 38 103.61 0 -35,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 5/29/2014 38 103.35 35,000 35,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 5/29/2014 38 103.35 0 -35,000 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 5/30/2014 38 104.16 33,600 33,600 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Canadian Tire Corporation, 1 5/30/2014 38 104.16 0 -33,600 Limited A Limited Canadian Tire Corporation, Non-Voting Shares Class Sellors, Eric 6 5/21/2014 10 105.74 0 -2,363 Limited A Canadian Utilities Limited Non-Voting Shares Class WILSON, Charles W. 4 5/23/2014 47 -18,700 A Canadian Utilities Limited Non-Voting Shares Class WILSON, Charles W. 4 5/23/2014 47 76,955 -19,106 A Canadian Utilities Limited Non-Voting Shares Class WILSON, Charles W. 4 5/27/2014 47 76,836 -119 A Canfor Corporation Common Shares Canfor Corporation 1 5/26/2014 10 24.722 928,500 10,400 Canfor Corporation Common Shares Canfor Corporation 1 5/27/2014 10 24.519 997,100 68,600 Canfor Corporation Common Shares Canfor Corporation 1 5/28/2014 10 24.106 1,065,700 68,600 Canfor Corporation Common Shares Canfor Corporation 1 5/29/2014 10 23.887 1,134,300 68,600 Canfor Corporation Common Shares Canfor Corporation 1 5/30/2014 10 23.887 1,201,200 66,900 Canfor Corporation Common Shares Canfor Corporation 1 5/30/2014 38 204,100 -997,100 Canlan Ice Sports Corp. Common Shares Chan, Vivian 5 11/1/2011 00 Canlan Ice Sports Corp. Common Shares Chan, Vivian 5 5/28/2014 10 2.55 2,500 2,500 Canlan Ice Sports Corp. Common Shares Wu, Ivan C. 5 5/29/2014 10 2.55 12,000 1,800 Canoe EIT Income Fund Warrants Rain, David James 4 5/27/2014 15 12.4 2,365 1,874 Capstone Infrastructure Common Shares Sardo, Vincent James 4 5/29/2014 10 4.4 25,000 5,000 Corporation Cayden Resources Inc. Common Shares Starr, James Russell Nelles 4 5/30/2014 10 1.6 495,520 2,000 Cayden Resources Inc. Common Shares Starr, James Russell Nelles 4 5/30/2014 10 1.62 495,720 200 Cayden Resources Inc. Common Shares Starr, James Russell Nelles 4 5/30/2014 10 1.61 496,520 800 CCL Industries Inc. Non-Voting Shares Class Rubino, Sebastian 7 5/29/2014 10 105 18,200 -300 B CCL Industries Inc. Non-Voting Shares Class Rubino, Sebastian 7 5/29/2014 10 104.98 18,100 -100 B CCL Industries Inc. Non-Voting Shares Class Rubino, Sebastian 7 5/29/2014 10 104.93 18,000 -100 B Celestica Inc. Options Muhlhauser, Craig 4, 5 5/28/2014 51 1,834,573 -300,000 Celestica Inc. Subordinate Voting Muhlhauser, Craig 4, 5 5/28/2014 51 4.13 1,018,656 300,000 Shares Centric Health Corporation Common Shares Davis, Ingrid 4 5/28/2014 11 0.33 4,200,000 (formerly Alegro Health Corp.) Centric Health Corporation Common Shares Davis, Ingrid 4 5/28/2014 11 0.33 5,800,770 4,200,000 (formerly Alegro Health Corp.) Centric Health Corporation Common Shares Global Healthcare 3 5/28/2014 54 0.33 43,700,000 18,650,000 (formerly Alegro Health Investments & Solutions, Corp.) Inc. Centric Health Corporation Common Shares Global Healthcare 3 5/28/2014 11 0.33 25,050,000 -18,650,000 (formerly Alegro Health Investments & Solutions, Corp.) Inc.

June 5, 2014 (2014), 37 OSCB 5458

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Centric Health Corporation Warrants Global Healthcare 3 7/13/2007 00 20,500,000 (formerly Alegro Health Investments & Solutions, Corp.) Inc. Centric Health Corporation Warrants Global Healthcare 3 5/28/2014 54 0.33 1,850,000 -18,650,000 (formerly Alegro Health Investments & Solutions, Corp.) Inc. Centric Health Corporation Warrants Global Healthcare 3 5/29/2014 55 0.33 0 -1,850,000 (formerly Alegro Health Investments & Solutions, Corp.) Inc. Centric Health Corporation Common Shares Shevel, Jack 4, 6, 7 5/28/2014 11 0.33 8,114,150 6,050,000 (formerly Alegro Health Corp.) Centric Health Corporation Common Shares Shevel, Jack 4, 6, 7 5/28/2014 11 0.33 5,800,771 4,200,000 (formerly Alegro Health Corp.) Centric Health Corporation Common Shares Shevel, Jack 4, 6, 7 5/28/2014 11 0.33 4,200,000 (formerly Alegro Health Corp.) Centric Health Corporation Common Shares Youngleson, Darren D. 6, 7 5/28/2014 11 0.33 4,200,000 (formerly Alegro Health Corp.) Centric Health Corporation Common Shares Youngleson, Darren D. 6, 7 5/28/2014 11 0.33 5,800,770 4,200,000 (formerly Alegro Health Corp.) CGI Group Inc. Options Bernard, Réjean 5 5/27/2014 51 8.55 207,947 -4,500 CGI Group Inc. Subordinate Voting Bernard, Réjean 5 5/27/2014 51 8.55 4,500 4,500 Shares Classe A CGI Group Inc. Subordinate Voting Bernard, Réjean 5 5/27/2014 10 37.25 0 -4,500 Shares Classe A CGI Group Inc. Options Godin, Serge 3, 4 5/27/2014 51 8.5 2,361,505 -275,730 CGI Group Inc. Options Godin, Serge 3, 4 5/27/2014 51 8.55 2,111,505 -250,000 CGI Group Inc. Options Godin, Serge 3, 4 5/29/2014 51 7.72 1,954,005 -157,500 CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 5/21/2014 10 37.502 -75,000 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 5/21/2014 10 37.25 740,104 -75,000 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 5/23/2014 10 36.95 -14,896 -200,000 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 5/23/2014 10 37 -114,896 -100,000 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 5/23/2014 10 37.253 -340,626 -225,730 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 5/27/2014 10 8.5 275,730 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 5/27/2014 51 8.5 -64,896 275,730 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 5/27/2014 10 8.55 250,000 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 5/27/2014 51 8.55 185,104 250,000 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 5/27/2014 10 37.31 165,104 -20,000 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 5/27/2014 10 37.35 65,104 -100,000 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 5/27/2014 10 37.251 28,104 -37,000 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 5/27/2014 10 37.25 27,604 -500 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 5/29/2014 51 7.72 185,104 157,500 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 5/29/2014 10 36.75 168,704 -16,400 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 1/16/2003 00 Shares Classe A CGI Group Inc. Subordinate Voting Godin, Serge 3, 4 5/29/2014 10 36.816 -66,000 -66,000 Shares Classe A CGI Group Inc. Options James, Christopher Earl 4 5/29/2014 51 12.54 104,487 -9,750

June 5, 2014 (2014), 37 OSCB 5459

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed CGI Group Inc. Options James, Christopher Earl 4 5/29/2014 51 15.49 92,768 -11,719 CGI Group Inc. Subordinate Voting James, Christopher Earl 4 5/29/2014 51 12.54 9,750 9,750 Shares Classe A CGI Group Inc. Subordinate Voting James, Christopher Earl 4 5/29/2014 51 15.49 21,469 11,719 Shares Classe A CGI Group Inc. Subordinate Voting James, Christopher Earl 4 5/29/2014 10 37 0 -21,469 Shares Classe A Chartwell Retirement Trust Units Schwartz, Thomas 4 4/15/2014 30 9.8824 21,390 40 Residences Chartwell Retirement Trust Units Schwartz, Thomas 4 4/15/2014 30 9.8824 4,629 20 Residences Chesswood Group Limited #NAME? Copeland, Clare Robert 4 5/23/2014 56 6,000 6,000 Chesswood Group Limited #NAME? Day, Robert 7 5/23/2014 56 6,000 6,000 Chesswood Group Limited #NAME? Leeper, Samuel L. 4 5/23/2014 56 6,000 6,000 Chesswood Group Limited #NAME? Obront, David Mitchell 4 5/23/2014 56 6,000 6,000 Aaron Chesswood Group Limited #NAME? Sonshine, Edward 3 5/23/2014 56 6,000 6,000 Chesswood Group Limited #NAME? Steiner, Frederick William 7 5/23/2014 56 8,000 8,000 Chesswood Group Limited #NAME? Wortsman, Jeffrey 4 5/23/2014 56 36,500 6,000 CI Financial Corp. Debentures 4.19% Bank of Nova Scotia, The 3 5/27/2014 10 101.4 $111,000 $10,000 Debentures due 2014 CIBT Education Group Inc. Common Shares Capital Alliance Group Inc. 1 5/26/2014 10 0.425 1,205,600 8,500 CIBT Education Group Inc. Common Shares Capital Alliance Group Inc. 1 5/27/2014 10 0.42 1,267,100 61,500 CIBT Education Group Inc. Common Shares Capital Alliance Group Inc. 1 5/29/2014 10 0.43 1,275,600 8,500 CIBT Education Group Inc. Common Shares Chu, Toby 4, 5 5/27/2014 10 0.4 4,758,347 9,500 CIBT Education Group Inc. Common Shares Feng, Derek Yiyi 4 5/15/2014 10 0.33 211,000 -39,000 CIBT Education Group Inc. Common Shares Feng, Derek Yiyi 4 5/26/2014 10 0.4 127,500 -83,500 CIBT Education Group Inc. Common Shares Feng, Derek Yiyi 4 5/27/2014 10 0.45 127,000 -500 Cleantech Capital Inc. Common Shares Beutel, Eric Marshall 4 5/26/2014 11 0.05 400,000 200,000 Clear Creek Resources Ltd. Common Shares DIDUCK, GLEN JOHN 4, 5 5/21/2014 10 0.24 24,000 Clear Creek Resources Ltd. Common Shares DIDUCK, GLEN JOHN 4, 5 5/21/2014 10 0.24 24,000 CODRINGTON RESOURCE Common Shares Sadowski, Kenneth Allan 4, 5 5/27/2014 10 0.08 358,699 -23,000 CORPORATION Cogitore Resources Inc. Options Comba, Charles David 4 5/24/2014 51 0.15 -150,000 Andrew Cogitore Resources Inc. Options Comba, Charles David 4 5/24/2014 52 0.15 0 -150,000 Andrew Cogitore Resources Inc. Options GOODMAN, Mark 4, 5 5/24/2014 52 0 -300,000 Cogitore Resources Inc. Options Lépine, Sylvain 5 5/25/2014 52 0.15 200,000 -50,000 Cogitore Resources Inc. Options Lidsky, Stephen Colin 4 5/24/2014 52 25,000 -150,000 Cogitore Resources Inc. Options Riverin, Gérald 5 5/24/2014 52 0 -500,000 Colt Resources Inc. Common Shares Perrault, Nikolas 4, 5 5/27/2014 51 0.25 937,920 275,000 Colt Resources Inc. Common Shares Perrault, Nikolas 4, 5 5/14/2014 10 0.29 847,706 5,000 Colt Resources Inc. Common Shares Perrault, Nikolas 4, 5 5/26/2014 10 0.17 850,206 2,500 Colt Resources Inc. Common Shares Perrault, Nikolas 4, 5 5/14/2014 10 0.2739 2,400,136 -200,000 Colt Resources Inc. Common Shares Perrault, Nikolas 4, 5 5/16/2014 10 0.27 2,200,136 -200,000 Colt Resources Inc. Common Shares Perrault, Nikolas 4, 5 5/22/2014 10 0.22 2,260,136 60,000 Colt Resources Inc. Common Shares Perrault, Nikolas 4, 5 5/26/2014 10 0.2104 2,335,136 75,000 Colt Resources Inc. Options Perrault, Nikolas 4, 5 5/27/2014 51 900,000 -275,000 COMPASS Income Fund Trust Units COMPASS Income Fund 1 5/27/2014 38 13.85 31,019,184 800 Computer Modelling Group Common Shares Jamieson, Patrick 4 5/26/2014 51 9.07 26,040 11,200 Ltd. Computer Modelling Group Options Jamieson, Patrick 4 5/26/2014 51 9.07 29,000 -11,200 Ltd. Computer Modelling Group Common Shares Kumar, Anjani 5 5/26/2014 51 7.8 7,883 6,800 Ltd. Computer Modelling Group Common Shares Kumar, Anjani 5 5/26/2014 51 7.8 16,778 6,000 Ltd. Computer Modelling Group Options Kumar, Anjani 5 5/26/2014 51 7.8 64,800 -6,000 Ltd. Computer Modelling Group Options Kumar, Anjani 5 5/26/2014 51 7.8 58,000 -6,800 Ltd.

June 5, 2014 (2014), 37 OSCB 5460

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Computer Modelling Group Common Shares SCHNEIDER, RYAN 5 5/27/2014 10 30.49 7,355 82 Ltd. NICOLAS Concordia Healthcare Corp. Common Shares Schmeichel, Ronald Dale 4 12/20/2013 00 (formerly Mercari Acquisition Corp.) Concordia Healthcare Corp. Common Shares Schmeichel, Ronald Dale 4 5/26/2014 10 31.12 2,100 2,100 (formerly Mercari Acquisition Corp.) Concordia Healthcare Corp. Common Shares Schmeichel, Ronald Dale 4 5/26/2014 10 31.11 2,300 200 (formerly Mercari Acquisition Corp.) Concordia Healthcare Corp. Common Shares Schmeichel, Ronald Dale 4 5/26/2014 10 31.12 22,000 19,700 (formerly Mercari Acquisition Corp.) Concordia Healthcare Corp. Common Shares Schmeichel, Ronald Dale 4 5/26/2014 10 31.1 22,300 300 (formerly Mercari Acquisition Corp.) Concordia Healthcare Corp. Common Shares Schmeichel, Ronald Dale 4 5/26/2014 10 31.223 32,300 10,000 (formerly Mercari Acquisition Corp.) Condor Petroleum Inc. Common Shares Burzynski, John Feliks 4 5/26/2014 10 0.29 208,000 8,000 Condor Petroleum Inc. Common Shares Burzynski, John Feliks 4 5/27/2014 10 0.29 300,000 92,000 Conifex Timber Inc. Common Shares Infanti, Adam 5 5/29/2014 10 7.94 6,084 635 Conifex Timber Inc. Common Shares Infanti, Adam 5 5/29/2014 10 7.93 6,561 477 Conifex Timber Inc. Common Shares Thur, Johannes Dirk 5 5/26/2014 10 8 19,000 4,000 Connacher Oil and Gas Common Shares Pollard, Gregory Ian 5 5/28/2014 10 0.22 0 -33,333 Limited Constantine Metal Common Shares MacVeigh, James Garfield 4, 5 5/30/2014 10 0.106 2,320,000 50,000 Resources Ltd. Continental Gold Limited Options Castaneda, Mauricio 5 5/21/2014 50 3.7 345,000 75,000 (formerly Cronus Resources Ltd.) Continental Gold Limited Options Gonzalez Gonzalez, Julian 5 5/14/2014 00 100,000 (formerly Cronus Resources Bernardo Ltd.) Continental Gold Limited Options Warman, Timothy Andrew 4 5/21/2014 50 3.7 590,000 40,000 (formerly Cronus Resources Ltd.) Copper Reef Mining Common Shares Masson, Stephen Leo 3 5/29/2014 10 0.03 6,207,865 5,000 Corporation Corridor Resources Inc. Common Shares Hachey, Lisette France 5 5/26/2014 10 1.9207 69,789 -2,700 Corridor Resources Inc. Common Shares Hachey, Lisette France 5 5/28/2014 10 1.86 67,489 -2,300 Cortex Business Solutions Options Lailey, Ryan Douglas 5 5/25/2014 52 0.2 800,000 -200,000 Inc. Cortex Business Solutions Options Powell, Keith 4 5/25/2014 52 0.2 800,000 -200,000 Inc. Cortex Business Solutions Options Ripplinger, Mark Stephen 4 5/25/2014 52 0.2 800,000 -200,000 Inc. Cortex Business Solutions Options Wong-Chor, Trevor 5 5/25/2014 52 600,000 -100,000 Inc. Corus Entertainment Inc. Non-Voting Shares Class Cassaday, John 3 5/27/2014 10 25.28 582,530 -2,500 B CVTech Group Inc. Common Shares Zemaitatis, Stephen M., Jr. 7 5/22/2014 10 0.79 115,176 -55,609 CYGAM Energy Inc. Common Shares Rigo de Righi, Giuseppe 4, 5 5/27/2014 11 0.05 250,000 CYGAM Energy Inc. Common Shares Rigo de Righi, Giuseppe 4, 5 5/27/2014 16 0.05 6,500,000 250,000 CYGAM Energy Inc. Common Shares Robertson, Alastair James 5 5/27/2014 16 0.05 300,000 100,000 DeeThree Exploration Ltd. Common Shares Fleming, Jonathan 5 5/27/2014 10 11.1 45,000 10,000 DeeThree Exploration Ltd. Options Fleming, Jonathan 5 4/11/2014 00 200,000 DeeThree Exploration Ltd. Options Granted April 1, Fleming, Jonathan 5 4/11/2014 00 2014 @ $9.50 per share DeeThree Exploration Ltd. Common Shares Hamm, Henry Peter 4 5/27/2014 10 13.3 1,935,829 37,600 DELPHI ENERGY CORP. Options Angelidis, Tony 4, 5 5/28/2014 50 3.47 880,000 160,000 DELPHI ENERGY CORP. Options Batteke, Hugo 5 5/28/2014 50 3.47 700,000 150,000 DELPHI ENERGY CORP. Common Shares Galvin, Michael 5 5/27/2014 51 1.23 100,136 62,500 DELPHI ENERGY CORP. Common Shares Galvin, Michael 5 5/27/2014 10 3.5 37,636 -62,500 DELPHI ENERGY CORP. Common Shares Galvin, Michael 5 5/27/2014 51 1.5 100,136 62,500

June 5, 2014 (2014), 37 OSCB 5461

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed DELPHI ENERGY CORP. Common Shares Galvin, Michael 5 5/27/2014 10 3.5 37,636 -62,500 DELPHI ENERGY CORP. Options Galvin, Michael 5 5/27/2014 51 1.23 562,500 -62,500 DELPHI ENERGY CORP. Options Galvin, Michael 5 5/27/2014 51 1.5 500,000 -62,500 DELPHI ENERGY CORP. Options Galvin, Michael 5 5/28/2014 50 3.47 650,000 150,000 DELPHI ENERGY CORP. Options Hume, Rod Allan 5 5/28/2014 50 3.47 935,000 175,000 DELPHI ENERGY CORP. Common Shares Kohlhammer, Brian 5 5/27/2014 10 3.5519 233,646 -50,000 DELPHI ENERGY CORP. Options Kohlhammer, Brian 5 5/28/2014 50 3.47 1,030,000 175,000 DELPHI ENERGY CORP. Options Reid, David James 4, 5 5/28/2014 50 3.47 1,165,000 200,000 DELPHI ENERGY CORP. Common Shares SANDMEYER, DAVID 4 3/16/2010 00 JAMES DELPHI ENERGY CORP. Common Shares SANDMEYER, DAVID 4 5/30/2014 10 3.55 10,000 10,000 JAMES Detour Gold Corporation Options Colnett, Lisa 4 5/23/2014 00 Detour Gold Corporation Options Colnett, Lisa 4 5/26/2014 50 11.04 19,305 19,305 Detour Gold Corporation Rights Deferred Share Colnett, Lisa 4 5/23/2014 00 Units Detour Gold Corporation Rights Deferred Share Colnett, Lisa 4 5/26/2014 56 11.04 18,116 18,116 Units Detour Gold Corporation Common Shares Crossgrove, Peter 4 5/23/2014 51 10.86 92,162 13,300 Alexander Detour Gold Corporation Common Shares Crossgrove, Peter 4 5/23/2014 10 11.283 78,862 -13,300 Alexander Detour Gold Corporation Common Shares Crossgrove, Peter 4 5/26/2014 51 10.86 101,562 22,700 Alexander Detour Gold Corporation Common Shares Crossgrove, Peter 4 5/26/2014 10 11.304 78,862 -22,700 Alexander Detour Gold Corporation Options Crossgrove, Peter 4 5/23/2014 51 235,196 -13,300 Alexander Detour Gold Corporation Options Crossgrove, Peter 4 5/26/2014 51 -22,700 Alexander Detour Gold Corporation Options Crossgrove, Peter 4 5/26/2014 51 212,496 -22,700 Alexander DH Corporation (formerly Common Shares Caldwell, David Alan 7 5/28/2014 51 18.49 6,400 300 Davis + Henderson Corporation) DH Corporation (formerly Common Shares Caldwell, David Alan 7 5/28/2014 10 32.62 6,100 -300 Davis + Henderson Corporation) DH Corporation (formerly Common Shares Caldwell, David Alan 7 5/28/2014 51 18.49 6,800 700 Davis + Henderson Corporation) DH Corporation (formerly Common Shares Caldwell, David Alan 7 5/28/2014 10 32.63 6,100 -700 Davis + Henderson Corporation) DH Corporation (formerly Common Shares Caldwell, David Alan 7 5/28/2014 51 32.64 400 Davis + Henderson Corporation) DH Corporation (formerly Common Shares Caldwell, David Alan 7 5/28/2014 51 18.49 6,500 400 Davis + Henderson Corporation) DH Corporation (formerly Common Shares Caldwell, David Alan 7 5/28/2014 10 32.64 6,100 -400 Davis + Henderson Corporation) DH Corporation (formerly Common Shares Caldwell, David Alan 7 5/28/2014 51 18.49 8,700 2,600 Davis + Henderson Corporation) DH Corporation (formerly Common Shares Caldwell, David Alan 7 5/28/2014 10 32.65 6,100 -2,600 Davis + Henderson Corporation) DH Corporation (formerly Options Caldwell, David Alan 7 5/28/2014 51 83,214 -300 Davis + Henderson Corporation) DH Corporation (formerly Options Caldwell, David Alan 7 5/28/2014 51 82,514 -700 Davis + Henderson Corporation)

June 5, 2014 (2014), 37 OSCB 5462

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed DH Corporation (formerly Options Caldwell, David Alan 7 5/28/2014 51 82,114 -400 Davis + Henderson Corporation) DH Corporation (formerly Options Caldwell, David Alan 7 5/28/2014 51 79,514 -2,600 Davis + Henderson Corporation) DH Corporation (formerly Common Shares Noftall, Robert Clar 7 5/21/2014 51 20.16 50 Davis + Henderson Corporation) DH Corporation (formerly Common Shares Noftall, Robert Clar 7 5/21/2014 51 20.26 50 50 Davis + Henderson Corporation) DHX Media Ltd. Common Shares Day, Graham 4 8/27/2013 10 0.93 75,000 DHX Media Ltd. Common Shares Day, Graham 4 8/27/2013 10 0.93 75,000 DHX Media Ltd. Common Shares Day, Graham 4 8/27/2013 51 0.93 125,000 75,000 DHX Media Ltd. Common Shares Day, Graham 4 8/27/2013 10 0.78 100,000 DHX Media Ltd. Common Shares Day, Graham 4 8/27/2013 10 0.78 100,000 DHX Media Ltd. Common Shares Day, Graham 4 8/27/2013 51 0.78 225,000 100,000 DHX Media Ltd. Common Shares Day, Graham 4 2/13/2014 10 1.81 15,000 DHX Media Ltd. Common Shares Day, Graham 4 2/13/2014 51 1.81 65,107 15,000 DHX Media Ltd. Common Shares Wright, Donald Arthur 4 5/23/2014 51 0.78 235,135 100,000 DHX Media Ltd. Options Wright, Donald Arthur 4 5/23/2014 51 0.78 260,000 -100,000 DiaMedica Inc. Common Shares GIUFFRE, MICHAEL 4 5/27/2014 15 0.7 14,100 2,900 DiaMedica Inc. Common Shares GIUFFRE, MICHAEL 4 5/27/2014 15 0.7 9,000 3,000 DiaMedica Inc. Common Shares GIUFFRE, MICHAEL 4 5/27/2014 15 0.7 18,700 2,900 DiaMedica Inc. Common Shares GIUFFRE, MICHAEL 4 5/27/2014 15 0.7 84,300 900 DiaMedica Inc. Common Shares GIUFFRE, MICHAEL 4 5/27/2014 15 0.7 18,600 3,000 DiaMedica Inc. Common Shares GIUFFRE, MICHAEL 4 5/27/2014 15 0.7 20,400 2,900 DiaMedica Inc. Common Shares GIUFFRE, MICHAEL 4 5/27/2014 15 0.7 18,600 3,000 DiaMedica Inc. Common Shares GIUFFRE, MICHAEL 4 5/27/2014 15 0.7 85,600 12,800 DiaMedica Inc. Common Shares GIUFFRE, MICHAEL 4 5/27/2014 15 0.7 103,300 40,100 DiaMedica Inc. Warrants GIUFFRE, MICHAEL 4 5/27/2014 15 6,100 1,450 DiaMedica Inc. Warrants GIUFFRE, MICHAEL 4 5/27/2014 15 4,500 1,500 DiaMedica Inc. Warrants GIUFFRE, MICHAEL 4 5/27/2014 15 6,150 1,450 DiaMedica Inc. Warrants GIUFFRE, MICHAEL 4 5/27/2014 15 11,650 450 DiaMedica Inc. Warrants GIUFFRE, MICHAEL 4 5/27/2014 15 6,150 1,500 DiaMedica Inc. Warrants GIUFFRE, MICHAEL 4 5/27/2014 15 6,150 1,450 DiaMedica Inc. Warrants GIUFFRE, MICHAEL 4 5/27/2014 15 6,150 1,500 DiaMedica Inc. Warrants GIUFFRE, MICHAEL 4 5/27/2014 15 14,250 6,400 DiaMedica Inc. Warrants GIUFFRE, MICHAEL 4 5/27/2014 15 22,800 20,050 Discovery Air Inc. Common Shares Class A Clairvest Group Inc. 3 5/22/2014 90 4,878,190 -2,876,686 Discovery Air Inc. Common Shares Class A Clairvest Group Inc. 3 9/23/2011 00 Discovery Air Inc. Common Shares Class A Clairvest Group Inc. 3 5/22/2014 90 2,876,686 2,876,686 Discovery Air Inc. Common Shares Class A Rotman, Kenneth Brice 4 5/22/2014 90 4,878,190 -2,876,686 Discovery Air Inc. Common Shares Class A Rotman, Kenneth Brice 4 10/14/2011 00 Discovery Air Inc. Common Shares Class A Rotman, Kenneth Brice 4 5/22/2014 90 2,876,686 2,876,686 easyhome Ltd. Common Shares Ingram, David 4, 5 5/23/2014 10 18.96 296,329 -800 easyhome Ltd. Common Shares Ingram, David 4, 5 5/23/2014 10 18.95 295,329 -1,000 easyhome Ltd. Common Shares Ingram, David 4, 5 5/23/2014 10 18.98 294,829 -500 easyhome Ltd. Common Shares Ingram, David 4, 5 5/23/2014 10 18.85 294,329 -500 easyhome Ltd. Common Shares Ingram, David 4, 5 5/26/2014 10 19.1 293,529 -800 Economic Investment Trust Common Shares Canadian & Foreign 3 5/22/2014 10 90 647,713 800 Limited Securities Co. Limited Economic Investment Trust Common Shares Canadian & Foreign 3 5/29/2014 10 90 648,113 400 Limited Securities Co. Limited EcoSynthetix Inc. Options Barker, John 4 5/23/2014 56 2.4 176,816 10,417 EcoSynthetix Inc. Options Carty, Arthur John 4 5/23/2014 56 2.4 29,816 10,417 EcoSynthetix Inc. Options Colcleugh, Dave 4 5/23/2014 56 2.4 169,279 27,500 EcoSynthetix Inc. Options Varghese, John 4 5/23/2014 56 2.4 29,816 10,417 EGI Financial Holdings Inc. Options Czerwinski, John 5 5/27/2014 50 8.93 54,000 6,750 EGI Financial Holdings Inc. Options Czerwinski, John 5 5/27/2014 10 13.33 47,250 -6,750

June 5, 2014 (2014), 37 OSCB 5463

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Eguana Technologies Inc. Common Shares Penner, Robert David 4 5/28/2014 16 0.4 104,900 43,875 Eguana Technologies Inc. Common Shares Penner, Robert David 4 5/28/2014 54 0.12 140,900 36,000 Eguana Technologies Inc. Warrants Penner, Robert David 4 5/28/2014 54 0 -36,000 Eldorado Gold Corporation Common Shares MOSS, DAWN LOUISE 5 5/23/2014 47 57,491 -500 Electrovaya Inc. Options Das Gupta, Bejoy 4 5/22/2014 50 1.02 70,000 7,000 Electrovaya Inc. Options Fleet, Bernard 8 5/22/2014 50 1.02 47,000 7,000 Electrovaya Inc. Options McLean, Alexander 4 5/22/2014 50 1.02 39,000 7,000 Emerge Resources Corp. Warrants beukman, eugene 4, 5 5/24/2014 55 1,500,000 -150,000 Empire Industries Ltd. Common Shares Jackson, Bruce Edward 4 5/26/2014 54 0.05 5,650,000 500,000 Empire Industries Ltd. Common Shares Jackson, Bruce Edward 4 5/26/2014 54 0.05 500,000 Empire Industries Ltd. Common Shares Jackson, Bruce Edward 4 5/26/2014 54 0.05 500,000 Empire Industries Ltd. Warrants Jackson, Bruce Edward 4 5/26/2014 54 0.05 -500,000 Empire Industries Ltd. Warrants Jackson, Bruce Edward 4 5/26/2014 54 0.05 -500,000 Empire Industries Ltd. Warrants June 2013 Jackson, Bruce Edward 4 5/26/2014 54 0.05 0 -500,000 Empire Industries Ltd. Common Shares Macdonald, Ian Mor 4 5/26/2014 54 0.05 500,000 Empire Industries Ltd. Common Shares Macdonald, Ian Mor 4 5/26/2014 54 0.05 500,000 Empire Industries Ltd. Common Shares Macdonald, Ian Mor 4 5/26/2014 54 0.05 1,600,000 500,000 Empire Industries Ltd. Warrants Macdonald, Ian Mor 4 5/26/2014 54 0.05 -500,000 Empire Industries Ltd. Warrants Macdonald, Ian Mor 4 5/26/2014 54 0.05 -500,000 Empire Industries Ltd. Warrants June 2013 Macdonald, Ian Mor 4 5/26/2014 54 0.05 -500,000 Empire Industries Ltd. Warrants June 2013 Macdonald, Ian Mor 4 5/26/2014 54 0.05 -500,000 Empire Industries Ltd. Warrants June 2013 Macdonald, Ian Mor 4 5/26/2014 54 0.05 0 -500,000 Encana Corporation Common Shares Balmer, Jeffrey Scott 7 5/29/2014 00 1,591 Encana Corporation Restricted Share Units Balmer, Jeffrey Scott 7 5/29/2014 00 30,714 Encana Corporation Rights - Performance Balmer, Jeffrey Scott 7 5/29/2014 00 4,404 Share Unit Plan Encana Corporation Shareholder Appreciation Balmer, Jeffrey Scott 7 5/29/2014 00 109,755 Rights ENCANTO POTASH CORP. Common Shares Keep, Gordon 4 5/30/2014 10 0.114 4,441,000 104,500 Endeavour Silver Corp. Common Shares Cooke, Bradford 4, 5 5/28/2014 51 1.87 1,102,831 150,000 Endeavour Silver Corp. Options Cooke, Bradford 4, 5 5/28/2014 51 1.87 1,435,000 -150,000 ENERGY INDEXPLUS Trust Units ENERGY INDEXPLUS 1 5/29/2014 38 11.27 1,060,327 1,300 Dividend Fund Dividend Fund Enseco Energy Services Common Shares TISDALE, GREGORY 4 5/27/2014 99 61,322 11 Corp. Ensign Energy Services Inc. Common Shares Edwards, Norman Murray 3, 4, 5 5/29/2014 10 16.039 19,877,337 5,300 ENTREC Corporation Common Shares Elkington, William Eric 6 5/27/2014 54 1.5 22,422,397 366,797 ENTREC Corporation Warrants Elkington, William Eric 6 5/27/2014 54 1.5 14,783,203 -366,797 ENTREC Corporation Warrants Elkington, William Eric 6 5/27/2014 54 1.5 366,797 ENTREC Corporation Warrants Elkington, William Eric 6 5/27/2014 54 1.5 366,797 Environmental Waste Common Shares Russell, Thomas Alexander 4 5/30/2014 16 0.12 7,823,300 1,350,000 International Inc. Environmental Waste Common Shares Russell, Thomas Alexander 4 5/30/2014 16 0.21 8,498,300 675,000 International Inc. EnWave Corporation Common Shares Miranda, Salvador 4, 5 5/28/2014 10 1.23 665,950 -3,300 EnWave Corporation Common Shares Miranda, Salvador 4, 5 5/29/2014 10 1.2 665,450 -500 EnWave Corporation Common Shares Miranda, Salvador 4, 5 5/30/2014 10 1.2 634,250 -31,200 EnWave Corporation Common Shares Miranda, Salvador 4, 5 5/30/2014 51 0.35 734,250 100,000 EnWave Corporation Options Miranda, Salvador 4, 5 5/29/2014 51 175,000 -100,000 EnWave Corporation Common Shares Sandberg, Gary Melvin 4 5/29/2014 51 0.35 225,200 50,000 Michael EnWave Corporation Options Sandberg, Gary Melvin 4 5/29/2014 51 150,000 -50,000 Michael ePals Corporation dba Restricted Voting Dellelce, Perry Nicholas 4 8/21/2013 57 0 -175,000 Cricket Media Common Shares ePals Corporation dba Voting Common Shares Dellelce, Perry Nicholas 4 8/21/2013 57 352,659 175,000 Cricket Media ePals Corporation dba Restricted Share Units Moe, Michael T 5 9/27/2013 57 0 -140,000 Cricket Media (RSU) ePals Corporation dba Restricted Voting Moe, Michael T 5 9/27/2013 57 296,382 140,000 Cricket Media Common Shares

June 5, 2014 (2014), 37 OSCB 5464

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Epsilon Energy Ltd. Common Shares Epsilon Energy Ltd. 1 5/23/2014 38 4.03 161,100 100 Equitable Group Inc. Common Shares Edmunds, William Reid 7 5/26/2014 10 61.12 10,620 -200 Equitable Group Inc. Common Shares Edmunds, William Reid 7 5/26/2014 10 61.13 10,320 -300 Equitable Group Inc. Rights Deferred Share Saunders, Rowan 4 5/15/2014 56 62.87 1,150 477 Units Equitable Group Inc. Common Shares Strube, Nicholas Robert 7 5/29/2014 51 20.6 11,000 1,000 Christopher Equitable Group Inc. Common Shares Strube, Nicholas Robert 7 5/29/2014 51 24.75 12,000 1,000 Christopher Equitable Group Inc. Common Shares Strube, Nicholas Robert 7 5/29/2014 51 29.32 13,190 1,190 Christopher Equitable Group Inc. Common Shares Strube, Nicholas Robert 7 5/29/2014 51 36.11 13,825 635 Christopher Equitable Group Inc. Options Options granted Strube, Nicholas Robert 7 5/29/2014 51 20.6 10,799 -1,000 Christopher Equitable Group Inc. Options Options granted Strube, Nicholas Robert 7 5/29/2014 51 24.75 9,799 -1,000 Christopher Equitable Group Inc. Options Options granted Strube, Nicholas Robert 7 5/29/2014 51 29.32 8,609 -1,190 Christopher Equitable Group Inc. Options Options granted Strube, Nicholas Robert 7 5/29/2014 51 36.11 7,974 -635 Christopher Equity Financial Holdings Common Shares Smoothwater Capital 3 5/23/2014 10 9.47 1,416,500 12,500 Inc. (formerly, Grey Horse Partners LP I Corporation) Equity Financial Holdings Common Shares Smoothwater Capital 3 5/23/2014 10 9.47 1,417,300 800 Inc. (formerly, Grey Horse Partners LP I Corporation) Equity Financial Holdings Common Shares Smoothwater Capital 3 5/23/2014 10 9.47 1,418,000 700 Inc. (formerly, Grey Horse Partners LP I Corporation) Equity Financial Holdings Common Shares Smoothwater Capital 3 5/23/2014 10 9.47 1,430,500 12,500 Inc. (formerly, Grey Horse Partners LP I Corporation) Equity Financial Holdings Common Shares Smoothwater Capital 3 5/23/2014 10 9.47 1,431,000 500 Inc. (formerly, Grey Horse Partners LP I Corporation) Equity Financial Holdings Common Shares Smoothwater Capital 3 5/23/2014 10 9.47 1,443,000 12,000 Inc. (formerly, Grey Horse Partners LP I Corporation) Equity Financial Holdings Common Shares Smoothwater Capital 3 5/29/2014 10 9.24 1,443,400 400 Inc. (formerly, Grey Horse Partners LP I Corporation) Equity Financial Holdings Common Shares Smoothwater Capital 3 5/29/2014 10 9.25 1,455,900 12,500 Inc. (formerly, Grey Horse Partners LP I Corporation) Equity Financial Holdings Common Shares Smoothwater Capital 3 5/29/2014 10 9.25 1,457,400 1,500 Inc. (formerly, Grey Horse Partners LP I Corporation) European Uranium Common Shares Inwentash, Sheldon 3 5/23/2014 10 0.0398 50,000 -180,800 Resources Ltd. European Uranium Common Shares Inwentash, Sheldon 3 5/27/2014 10 0.035 0 -50,000 Resources Ltd. Evrim Resources Corp. Common Shares Caulfield, David A. 4 12/23/2010 00 Evrim Resources Corp. Common Shares Caulfield, David A. 4 5/27/2014 11 0.32 45,500 45,500 Evrim Resources Corp. Common Shares Liyanage, Mahesh Nalinda 5 6/10/2013 00 Evrim Resources Corp. Common Shares Liyanage, Mahesh Nalinda 5 5/27/2014 11 15,000 15,000 Evrim Resources Corp. Common Shares Nicol, John Patrick 4 5/27/2014 11 0.32 559,627 15,625 Evrim Resources Corp. Common Shares van Eeden, Paul Pieter 4 5/27/2014 16 0.32 4,117,875 1,028,875 Excellon Resources Inc. Common Shares Cahill, Brendan Thomas 5 5/26/2014 10 1.2 70,730 2,000 Excellon Resources Inc. Common Shares Excellon Resources Inc. 1 5/26/2014 38 1.284 5,100 500 Excellon Resources Inc. Common Shares Excellon Resources Inc. 1 5/27/2014 38 1.255 5,300 200 Excellon Resources Inc. Common Shares Excellon Resources Inc. 1 5/28/2014 38 1.23 5,500 200 Excellon Resources Inc. Common Shares Excellon Resources Inc. 1 5/29/2014 38 1.24 5,800 300 Excellon Resources Inc. Common Shares Excellon Resources Inc. 1 5/30/2014 38 1.225 6,000 200 Exco Technologies Limited Common Shares CARTWRIGHT, BONITA 5 5/29/2014 51 1.92 18,755 2,000 Exco Technologies Limited Common Shares CARTWRIGHT, BONITA 5 5/29/2014 10 11.35 16,755 -2,000

June 5, 2014 (2014), 37 OSCB 5465

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Exco Technologies Limited Options CARTWRIGHT, BONITA 5 5/26/2014 51 1.92 88,000 -2,000 Extendicare Inc. Rights share appreciation Bakti, Deborah 7 5/23/2014 56 45,000 15,000 rights Extendicare Inc. Rights share appreciation Everson, Elaine E. 5 5/23/2014 56 54,000 18,000 rights Extendicare Inc. Rights share appreciation Fountain, Jillian Elizabeth 5 5/23/2014 56 54,000 18,000 rights Extendicare Inc. Rights share appreciation Gurka, Richard 7 5/23/2014 56 120,000 30,000 rights Extendicare Inc. Common Shares Harris, Michael Andrew 7 5/20/2014 00 Extendicare Inc. Rights share appreciation Harris, Michael Andrew 7 5/20/2014 00 rights Extendicare Inc. Rights share appreciation Harris, Michael Andrew 7 5/23/2014 56 15,000 15,000 rights Extendicare Inc. Rights share appreciation Keating, David Christopher 7 5/23/2014 56 51,000 18,000 rights Extendicare Inc. Rights share appreciation Loder, Gary M. 7 3/17/2014 00 rights Extendicare Inc. Rights share appreciation Loder, Gary M. 7 5/23/2014 56 15,000 15,000 rights Extendicare Inc. Rights share appreciation Lukenda, Timothy Louis 4, 5 5/23/2014 56 150,000 50,000 rights Extendicare Inc. Rights share appreciation Luneburg, Richard Burke 7 5/23/2014 56 45,000 15,000 rights Extendicare Inc. Rights share appreciation Mann, Dylan Thomas 5 5/23/2014 56 60,000 30,000 rights Extendicare Inc. Rights share appreciation McKey, Christina L. 7 5/23/2014 56 45,000 15,000 rights Extendicare Inc. Rights share appreciation Tuttle, Paul 5 5/23/2014 56 75,000 25,000 rights Fancamp Exploration Ltd. Common Shares Al Hazeem, Ali Abbas 4 10/30/2013 00 Fancamp Exploration Ltd. Common Shares Al Hazeem, Ali Abbas 4 5/27/2014 10 0.055 480,000 480,000 Fancamp Exploration Ltd. Common Shares Al Hazeem, Ali Abbas 4 5/28/2014 10 0.05 880,000 400,000 Fancamp Exploration Ltd. Common Shares de Quadros, Antonio 4 5/29/2014 10 0.06 1,100,000 800,000 Melicio Fancamp Exploration Ltd. Common Shares Smith, Peter Henderson 5 5/26/2014 10 0.055 3,924,097 100,000 Fancamp Exploration Ltd. Common Shares Smith, Peter Henderson 5 5/28/2014 10 0.055 4,074,097 150,000 Fiera Capital Corporation Special Shares Class B FIERA CAPITAL S.E.C. 3 5/29/2014 36 20,060,174 -113,846 (formerly Fiera Sceptre Inc.) Voting Fiera Capital Corporation Subordinate Voting FIERA CAPITAL S.E.C. 3 5/29/2014 36 262,082 113,846 (formerly Fiera Sceptre Inc.) Shares Class A Finning International Inc. Options Amar, Juan Pablo 5 5/30/2014 50 48,260 8,520 Finning International Inc. Performance Share Units Amar, Juan Pablo 5 5/30/2014 56 9,980 2,850 Finning International Inc. Options Breukels, Cornelis Mauritius 5 5/30/2014 50 38,399 6,780 H.J. Finning International Inc. Performance Share Units Breukels, Cornelis Mauritius 5 5/30/2014 56 7,760 2,280 H.J. Finning International Inc. Options Cummings, David William 5 5/30/2014 50 35,550 12,990 Finning International Inc. Performance Share Units Cummings, David William 5 5/30/2014 56 11,930 4,350 Finning International Inc. Options Dickinson, Neil Robert 5 5/30/2014 50 242,295 27,710 Finning International Inc. Performance Share Units Dickinson, Neil Robert 5 5/30/2014 56 32,370 9,290 Finning International Inc. Options Erdman, Jeff 5 5/30/2014 50 19,370 8,570 Finning International Inc. Performance Share Units Erdman, Jeff 5 5/30/2014 56 6,500 2,870 Finning International Inc. Options Fraser, Andrew Stewart 5 5/30/2014 50 174,130 27,710 Finning International Inc. Performance Share Units Fraser, Andrew Stewart 5 5/30/2014 56 32,470 9,290 Finning International Inc. Options Guridi, Sebastian Tomas 5 5/30/2014 50 62,000 12,950 Finning International Inc. Performance Share Units Guridi, Sebastian Tomas 5 5/30/2014 56 12,190 4,340 Finning International Inc. Options Hale, Mona 5 5/30/2014 50 32,760 8,520 Finning International Inc. Performance Share Units Hale, Mona 5 5/30/2014 56 9,510 2,850 Finning International Inc. Options Harrod, Darcy Joel 5 5/30/2014 50 68,070 10,920 Finning International Inc. Performance Share Units Harrod, Darcy Joel 5 5/30/2014 56 13,440 3,660 Finning International Inc. Options Marchese, Marchello 5 5/30/2014 50 153,910 33,360 Finning International Inc. Performance Share Units Marchese, Marchello 5 5/30/2014 56 31,180 11,180

June 5, 2014 (2014), 37 OSCB 5466

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Finning International Inc. Options Marks, Anna Pia 5 5/30/2014 50 112,048 12,910 Finning International Inc. Performance Share Units Marks, Anna Pia 5 5/30/2014 56 13,340 4,320 Finning International Inc. Options Primrose, David Francis 5 5/30/2014 50 186,055 23,550 Neil Finning International Inc. Performance Share Units Primrose, David Francis 5 5/30/2014 56 26,100 7,900 Neil Finning International Inc. Options Sexsmith, Jean Gail 5 5/30/2014 50 35,532 5,620 Finning International Inc. Performance Share Units Sexsmith, Jean Gail 5 5/30/2014 56 6,030 1,880 Finning International Inc. Options Smith, David 5 5/30/2014 50 165,537 27,710 Finning International Inc. Performance Share Units Smith, David 5 5/30/2014 56 36,510 9,290 Finning International Inc. Options Thomas, Christopher 5 5/30/2014 50 60,800 8,530 Finning International Inc. Performance Share Units Thomas, Christopher 5 5/30/2014 56 9,320 2,860 Finning International Inc. Options Thomson, Scott 5 5/30/2014 50 556,770 174,600 Finning International Inc. Performance Share Units Thomson, Scott 5 5/30/2014 56 186,830 58,510 Finning International Inc. Options Villegas, Juan Carlos 5 5/30/2014 50 573,615 87,120 Finning International Inc. Performance Share Units Villegas, Juan Carlos 5 5/30/2014 56 71,310 29,200 Firm Capital Property Trust Units Dadouch, Eli 4, 5 5/26/2014 10 5.16 22,616 4,616 Firm Capital Property Trust Units Dadouch, Eli 4, 5 5/26/2014 10 5.16 7,484 484 Firm Capital Property Trust Units Goldfarb, Stanley 4 5/23/2014 10 5.1 50,000 10,000 Firm Capital Property Trust Units Goldfarb, Stanley 4 5/26/2014 10 5.1 60,000 10,000 Firm Capital Property Trust Units WALT, MANFRED 4 11/29/2012 00 Firm Capital Property Trust Units WALT, MANFRED 4 11/29/2012 00 101,911 Firm Capital Property Trust Units WALT, MANFRED 4 5/23/2014 10 5 105,911 4,000 Firm Capital Property Trust Units WALT, MANFRED 4 5/26/2014 10 5 107,611 1,700 Firm Capital Property Trust Units WALT, MANFRED 4 5/28/2014 10 5 116,111 8,500 First National Financial Common Shares PITKIN, WILLIAM 5 5/22/2014 10 22.296 34,000 -3,000 Corporation FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/22/2014 10 52.93 24,000 800 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/22/2014 10 52.96 24,500 500 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/22/2014 10 53 25,000 500 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/22/2014 10 53.05 25,700 700 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/22/2014 10 53.07 26,000 300 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/22/2014 10 53.1 26,500 500 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/22/2014 10 53.175 26,600 100 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/22/2014 10 53.18 26,800 200 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/22/2014 10 53.19 26,900 100 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/22/2014 10 53.2 32,000 5,100 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/22/2014 10 53.205 33,000 1,000 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/22/2014 10 53.21 35,300 2,300 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/23/2014 10 52.85 36,400 1,100 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/23/2014 10 52.88 36,600 200 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/23/2014 10 52.885 37,200 600 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/23/2014 10 52.89 37,800 600 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/23/2014 10 52.9 41,600 3,800 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/23/2014 10 52.92 42,300 700 CORPORATION Shares

June 5, 2014 (2014), 37 OSCB 5467

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/23/2014 10 52.995 43,400 1,100 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/23/2014 10 53 43,600 200 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/26/2014 10 53.16 46,200 2,600 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/26/2014 10 53.16 46,600 400 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/27/2014 10 53.5 50,600 4,000 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/27/2014 10 53.27 51,100 500 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/27/2014 10 53.4 52,100 1,000 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/27/2014 10 53.36 53,100 1,000 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/27/2014 10 53.25 58,700 5,600 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/28/2014 10 53.15 59,700 1,000 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/28/2014 10 53.12 60,500 800 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/28/2014 10 53.05 60,600 100 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/28/2014 10 53.13 61,800 1,200 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/28/2014 10 53.1 63,200 1,400 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/28/2014 10 53.43 63,300 100 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/28/2014 10 53.24 63,800 500 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/28/2014 10 53.2 66,000 2,200 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/28/2014 10 53.25 67,400 1,400 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/28/2014 10 53.23 67,600 200 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/29/2014 10 53.1 67,700 100 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/29/2014 10 53.12 67,800 100 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/29/2014 10 53.1 67,900 100 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/29/2014 10 53 69,900 2,000 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/29/2014 10 53.05 72,600 2,700 CORPORATION Shares FIRSTSERVICE Subordinate Voting FirstService Corporation 1 5/29/2014 10 53.1 72,700 100 CORPORATION Shares Focused Capital Corp. Common Shares Grossman, Robbie 4 5/30/2014 00 Focused Capital Corp. Common Shares Grossman, Robbie 4 5/30/2014 00 25,000 Forbes & Manhattan Coal Common Shares Campbell, Malcolm 5 6/13/2011 00 30 Corp. (formerly Nyah Resources Corp.) Fort St. James Nickel Corp. Common Shares Mitton, Gerald Alexander 3 5/29/2014 10 0.05 1,402,000 2,000 Fort St. James Nickel Corp. Common Shares Mitton, Gerald Alexander 3 5/30/2014 10 0.05 1,405,000 3,000 Fort St. James Nickel Corp. Common Shares Mitton, Gerald Alexander 3 5/27/2014 10 0.05 3,979,625 4,000 Fortis Inc. Common Shares Leeners, Michele Irene 7 5/26/2014 51 22.94 31,847 11,443 Fortis Inc. Options Leeners, Michele Irene 7 5/26/2014 51 22.94 70,180 -11,443 Fortuna Silver Mines Inc. Restricted Share Unit Ganoza Durant, Jorge A. 4 5/30/2014 59 364,957 -26,391 Plan (cash settled) Fortuna Silver Mines Inc. Restricted Share Unit Ganoza Durant, Luis Dario 5 5/30/2014 59 105,580 -13,314 Plan (cash settled) Fortuna Silver Mines Inc. Restricted Share Unit Ruiz-Conejo, Juan Manuel 5 5/30/2014 59 92,629 -11,680 Plan (cash settled)

June 5, 2014 (2014), 37 OSCB 5468

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Fortuna Silver Mines Inc. Restricted Share Unit Vehrs, Thomas I. 5 5/30/2014 59 65,987 -8,321 Plan (cash settled) Fortuna Silver Mines Inc. Restricted Share Unit Whittall, Sally 5 5/30/2014 59 16,424 -2,071 Plan (cash settled) Fortune Bay Corp. Common Shares gross, michael 4 5/23/2014 10 0.3 64,521 18,000 Fortune Minerals Limited Options Jean, Adam 5 5/27/2014 52 0.6 370,000 -50,000 Galway Gold Inc. Options Barragan, Manuel 4 1/30/2014 50 0.09 500,000 Galway Gold Inc. Options Barragan, Manuel 4 1/31/2014 50 0.09 500,000 500,000 Galway Gold Inc. Options Doub, Robb Tyler 4 1/30/2014 50 0.09 500,000 Galway Gold Inc. Options Doub, Robb Tyler 4 1/31/2014 50 0.09 1,200,000 500,000 Galway Gold Inc. Options Hinchcliffe, Robert 4, 5 1/30/2014 50 0.09 600,000 Galway Gold Inc. Options Hinchcliffe, Robert 4, 5 1/31/2014 50 0.09 1,600,000 600,000 Galway Gold Inc. Options Rengifo, Alfonso Gomez 4, 5 1/30/2014 50 0.09 600,000 Galway Gold Inc. Options Rengifo, Alfonso Gomez 4, 5 1/31/2014 50 0.09 1,600,000 600,000 Galway Gold Inc. Options Schafer, Robert 4 1/30/2014 50 0.09 500,000 Galway Gold Inc. Options Schafer, Robert 4 1/31/2014 50 0.09 1,200,000 500,000 Galway Gold Inc. Options Strauss, Lawrence Jay 4, 5 1/30/2014 50 0.09 500,000 Galway Gold Inc. Options Strauss, Lawrence Jay 4, 5 1/31/2014 50 0.09 1,200,000 500,000 Galway Gold Inc. Options Suttie, Robert 5 1/30/2014 50 0.09 100,000 Galway Gold Inc. Options Suttie, Robert 5 1/31/2014 50 0.09 250,000 100,000 Galway Gold Inc. Options Trowbridge, Maria Michelle 5 1/30/2014 50 0.09 400,000 Galway Gold Inc. Options Trowbridge, Maria Michelle 5 1/31/2014 50 0.09 1,000,000 400,000 Gamehost Inc. Common Shares WILL, DARCY 4, 6, 5 5/29/2014 10 15.496 10,000 2,400 GASFRAC Energy Services Common Shares Balkany, Julien Olivier 4 5/27/2014 00 Inc. Guillaume GASFRAC Energy Services Common Shares Balkany, Julien Olivier 4 5/27/2014 00 Inc. Guillaume GASFRAC Energy Services Common Shares Balkany, Julien Olivier 4 5/27/2014 00 3,419,250 Inc. Guillaume GASFRAC Energy Services Common Shares Lindholm, Larry Gordon 4 5/27/2014 00 700,400 Inc. GASFRAC Energy Services Common Shares Perkins, Michael James 5 5/28/2014 00 Inc. GASFRAC Energy Services Options Perkins, Michael James 5 5/28/2014 00 Inc. GASFRAC Energy Services Common Shares Williamson, Mark 4 5/27/2014 00 535,200 Inc. Gear Energy Ltd. Common Shares Kaluski, Jason John 5 5/28/2014 51 162,750 100,500 Kenneth Gear Energy Ltd. Options Kaluski, Jason John 5 5/28/2014 51 2.5 201,000 -100,500 Kenneth Gentor Resources Inc. Options Farr, Geoffrey Guy 5 5/23/2014 50 0.15 350,000 250,000 Gentor Resources Inc. Options KONDRAT, ARNOLD T. 3, 4, 5 11/7/2011 00 Gentor Resources Inc. Options KONDRAT, ARNOLD T. 3, 4, 5 5/23/2014 50 0.15 500,000 500,000 Gentor Resources Inc. Options Lachcik, Richard Joseph 4 2/13/2014 00 150,000 Gentor Resources Inc. Options MADILO, DONAT 5 11/7/2011 00 Gentor Resources Inc. Options MADILO, DONAT 5 5/23/2014 50 0.15 200,000 200,000 Gentor Resources Inc. Options Ruxton, Peter Antony 4 11/7/2011 00 Gentor Resources Inc. Options Ruxton, Peter Antony 4 5/23/2014 50 0.15 150,000 150,000 Gentor Resources Inc. Options WILSON, WILLIAM 4 2/13/2014 00 ROBERT Gentor Resources Inc. Options WILSON, WILLIAM 4 5/23/2014 50 0.15 150,000 150,000 ROBERT Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 51 38.42 1,121 400 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 10 38.42 721 -400 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 51 38.39 1,521 800 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 10 38.39 721 -800 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 51 38.33 1,021 300 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 10 38.33 721 -300 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 51 38.32 821 100 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 10 38.32 721 -100 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 51 38.31 921 200

June 5, 2014 (2014), 37 OSCB 5469

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 10 38.31 721 -200 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 51 38.21 1,221 500 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 10 38.21 721 -500 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 51 38.18 821 100 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 10 38.18 721 -100 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 51 38.17 921 200 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 10 38.17 721 -200 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 51 38.11 1,021 300 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 10 38.11 721 -300 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 51 38.1 1,521 800 Genworth MI Canada Inc. Common Shares Carbonelli, Cecilia 7 5/28/2014 10 38.1 721 -800 Genworth MI Canada Inc. Options Carbonelli, Cecilia 7 5/28/2014 51 38.42 9,229 -400 Genworth MI Canada Inc. Options Carbonelli, Cecilia 7 5/28/2014 51 38.39 8,429 -800 Genworth MI Canada Inc. Options Carbonelli, Cecilia 7 5/28/2014 51 38.33 8,129 -300 Genworth MI Canada Inc. Options Carbonelli, Cecilia 7 5/28/2014 51 38.32 8,029 -100 Genworth MI Canada Inc. Options Carbonelli, Cecilia 7 5/28/2014 51 38.31 7,829 -200 Genworth MI Canada Inc. Options Carbonelli, Cecilia 7 5/28/2014 51 38.21 7,329 -500 Genworth MI Canada Inc. Options Carbonelli, Cecilia 7 5/28/2014 51 38.18 7,229 -100 Genworth MI Canada Inc. Options Carbonelli, Cecilia 7 5/28/2014 51 38.17 7,029 -200 Genworth MI Canada Inc. Options Carbonelli, Cecilia 7 5/28/2014 51 38.11 6,729 -300 Genworth MI Canada Inc. Options Carbonelli, Cecilia 7 5/28/2014 51 38.1 5,929 -800 Genworth MI Canada Inc. Common Shares Levings, Stuart Kendrick 5 7/7/2009 00 1,500 Genworth MI Canada Inc. Common Shares Levings, Stuart Kendrick 5 5/23/2014 10 38.21 1,600 100 Genworth MI Canada Inc. Common Shares Levings, Stuart Kendrick 5 5/23/2014 10 38.23 1,611 11 Genworth MI Canada Inc. Common Shares Levings, Stuart Kendrick 5 5/23/2014 10 38.25 1,855 135 Geodrill Limited Options Burling, Terrance Frederick 5 5/22/2014 50 0.84 360,000 45,000 Geodrill Limited Options Harper, David Michael 5 5/22/2014 50 0.84 480,000 60,000 Geodrill Limited Options Rodrigue, Stephan 5 5/22/2014 50 0.84 30,000 15,000 Geodrill Limited Options Sellwood, Ronald Arthur 4 5/22/2014 50 0.84 240,000 30,000 Geologix Explorations Inc. Options Abbott, Evelyn Elizabeth 5 5/29/2014 50 0.06 1,610,000 450,000 Geologix Explorations Inc. Options Candiani, Mauricio Enrique 4 5/29/2014 50 0.06 1,050,000 350,000 Geologix Explorations Inc. Options Craig, Dunham Lewis 4, 5 5/29/2014 50 0.06 3,450,000 500,000 Geologix Explorations Inc. Options Thody, Graham Campbell 4 5/29/2014 50 0.06 1,800,000 400,000 George Weston Limited Common Shares Weston, W. Galen 3, 4, 5 5/23/2014 51 72.21 33,950 33,950 George Weston Limited Common Shares Weston, W. Galen 3, 4, 5 5/23/2014 10 80.539 0 -33,950 George Weston Limited Options Weston, W. Galen 3, 4, 5 5/23/2014 51 72.21 218,278 -33,950 Gibson Energy Inc. Options Maggiano, Dominic 5 5/28/2014 51 40,182 -8,712 Gibson Energy Inc. Options Maggiano, Dominic 5 5/28/2014 51 33,781 -6,401 GLENTEL Inc. Common Shares Skidmore, A. Allan 4, 6, 5 5/26/2014 90 230,256 98,400 GLENTEL Inc. Common Shares Skidmore, A. Allan 4, 6, 5 5/27/2014 10 11.247 225,256 -5,000 GLENTEL Inc. Common Shares Skidmore, A. Allan 4, 6, 5 5/30/2014 10 11.219 215,256 -10,000 GLENTEL Inc. Common Shares Skidmore, A. Allan 4, 6, 5 5/26/2014 90 121,000 -98,400 GLENTEL Inc. Common Shares Skidmore, A. Allan 4, 6, 5 5/26/2014 90 98,400 GLENTEL Inc. Common Shares Skidmore, A. Allan 4, 6, 5 5/26/2014 90 98,400 Global Dividend Growers Trust Units Brasseur, Jeremy 6 5/26/2014 10 11.2 27,500 -3,500 Income Fund Global Dividend Growers Trust Units Global Dividend Growers 1 5/26/2014 38 11.07 455,400 5,500 Income Fund Income Fund Global Dividend Growers Trust Units Global Dividend Growers 1 5/27/2014 38 10.99 464,700 9,300 Income Fund Income Fund Global Dividend Growers Trust Units Global Dividend Growers 1 5/28/2014 38 11.04 467,200 2,500 Income Fund Income Fund Global Dividend Growers Trust Units Global Dividend Growers 1 5/29/2014 38 11.13 469,500 2,300 Income Fund Income Fund Gluskin Sheff + Associates Restricted Share Units Bantis, Jim Demetris 5 5/27/2014 35 67,449 464 Inc. Gluskin Sheff + Associates Deferred Share Units Beeston, Paul 5 5/27/2014 56 11,278 77 Inc. Gluskin Sheff + Associates Restricted Share Units Freedman, Jeremy Mark 4, 5 5/27/2014 35 85,623 590 Inc.

June 5, 2014 (2014), 37 OSCB 5470

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Gluskin Sheff + Associates Deferred Share Units Gobert, Wilfred Arthur 4 5/27/2014 56 15,415 105 Inc. Gluskin Sheff + Associates Deferred Share Units Halperin, Stephen 4 5/27/2014 56 378 3 Inc. Gluskin Sheff + Associates Deferred Share Units Lockhart, Nancy 4 5/27/2014 56 368 3 Inc. Gluskin Sheff + Associates Restricted Share Units Moody, Jeffrey 5 5/27/2014 35 65,093 448 Inc. Gluskin Sheff + Associates Restricted Share Units Morris, David Roy 5 5/27/2014 35 9,301 64 Inc. Gluskin Sheff + Associates Restricted Share Units Solomon, Antony Howard 5 5/27/2014 35 79,624 548 Inc. Gluskin Sheff + Associates Deferred Share Units Solway, Herbert 4 5/27/2014 56 20,767 142 Inc. Gluskin Sheff + Associates Deferred Share Units Themens, Pierre-Andre 4 5/27/2014 56 16,071 109 Inc. Gluskin Sheff + Associates Restricted Share Units Webb, William Reid 5 5/27/2014 35 37,765 260 Inc. Gluskin Sheff + Associates Deferred Share Units Weiss, Robert Samson 4 5/27/2014 56 22,858 156 Inc. GoGold Resources Inc. Common Shares Tufford, Sean Alfred 5 4/11/2011 00 GoGold Resources Inc. Common Shares Tufford, Sean Alfred 5 4/11/2011 00 GoGold Resources Inc. Common Shares Tufford, Sean Alfred 5 4/11/2011 00 Gold Standard Ventures Common Shares Awde, Jonathan Charles 4, 6, 5 5/30/2014 10 0.72 587,900 10,000 Corp. Timothy Gold Standard Ventures Common Shares Awde, Jonathan Charles 4, 6, 5 5/30/2014 10 0.7125 593,900 6,000 Corp. Timothy Gold Standard Ventures Common Shares Awde, Jonathan Charles 4, 6, 5 5/30/2014 10 0.71 598,900 5,000 Corp. Timothy Gold Standard Ventures Common Shares Awde, Jonathan Charles 4, 6, 5 5/30/2014 10 0.71 607,900 9,000 Corp. Timothy Gold Standard Ventures Common Shares Awde, Jonathan Charles 4, 6, 5 5/30/2014 10 0.69 617,900 10,000 Corp. Timothy Goldcorp Inc. Common Shares Ball, Russell David 5 5/28/2014 57 25.02 10,157 9,068 Goldcorp Inc. Common Shares Ball, Russell David 5 5/28/2014 10 25.02 5,997 -4,160 Goldcorp Inc. Rights Ball, Russell David 5 5/28/2014 57 25.02 42,799 -9,068 Goldcorp Inc. Common Shares Gardiner, Stuart James 7 3/31/2014 30 25.62 5,754 2 Goldcorp Inc. Common Shares Gardiner, Stuart James 7 4/25/2014 30 24.686 5,757 3 Goldcorp Inc. Common Shares Gardiner, Stuart James 7 5/9/2014 10 24.87 5,754 -3 Goldcorp Inc. Options Gardiner, Stuart James 7 5/11/2014 55 115,759 -20,000 Goldcorp Inc. Options La Foy, Jeff Morlan 5 2/26/2014 50 31.4 26,822 Goldcorp Inc. Options La Foy, Jeff Morlan 5 2/26/2014 50 30.41 26,822 Goldcorp Inc. Options La Foy, Jeff Morlan 5 2/26/2014 50 27.44 26,822 26,822 Goldcorp Inc. Rights La Foy, Jeff Morlan 5 2/26/2014 56 31.4 9,076 Goldcorp Inc. Rights La Foy, Jeff Morlan 5 2/26/2014 56 30.41 9,076 Goldcorp Inc. Rights La Foy, Jeff Morlan 5 2/26/2014 56 27.44 9,076 9,076 GPM Metals Inc. (formerly, Common Shares Rosseau Asset 3 5/26/2014 10 0.08 15,553,000 85,000 Guyana Precious Metals Management Ltd. Inc.) Great-West Lifeco Inc. Common Shares Plan Gilmour, Ian 8, 5 4/30/2014 30 30.161 1,203 162 Common Shares Great-West Lifeco Inc. Common Shares Plan Snow, Harold Charles 8, 5 4/30/2014 30 30.161 1,189 162 Common Shares Greater Toronto Airports Bonds Series 1997-3 Greater Toronto Airports 1 5/23/2014 38 130.83 $11,000,000 $11,000,000 Authority Authority Greater Toronto Airports Bonds Series 1997-3 Greater Toronto Airports 1 5/28/2014 38 $0 ($11,000,000) Authority Authority Greater Toronto Airports Medium Term notes Greater Toronto Airports 1 5/23/2014 38 139.44 $33,000,000 $33,000,000 Authority Series 2002-3 Authority Greater Toronto Airports Medium Term notes Greater Toronto Airports 1 5/28/2014 38 $0 ($33,000,000) Authority Series 2002-3 Authority Greater Toronto Airports Medium Term notes Greater Toronto Airports 1 5/23/2014 38 118.54 $11,000,000 $11,000,000 Authority Series 2009-1 Authority Greater Toronto Airports Medium Term notes Greater Toronto Airports 1 5/28/2014 38 $0 ($11,000,000) Authority Series 2009-1 Authority

June 5, 2014 (2014), 37 OSCB 5471

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Greenbank Capital Inc. Options Hunter, Ryan Blair 4 5/28/2014 00 Greenbank Capital Inc. Options Hunter, Ryan Blair 4 5/28/2014 50 60,000 60,000 Greenock Resources Inc. Common Shares Blady, Michael 4, 5 5/1/2014 00 (formerly Simberi Mining Corporation) Greenock Resources Inc. Common Shares Blady, Michael 4, 5 5/5/2014 11 0.1 500,000 500,000 (formerly Simberi Mining Corporation) Greenock Resources Inc. Warrants Blady, Michael 4, 5 5/1/2014 00 (formerly Simberi Mining Corporation) Greenock Resources Inc. Warrants Blady, Michael 4, 5 5/5/2014 11 250,000 250,000 (formerly Simberi Mining Corporation) Grenville Strategic Royalty Options Sweeney, Paul Bristol 4 5/26/2014 50 0.52 303,402 200,000 Corp. (formerly, Troon Ventures Ltd.) Grenville Strategic Royalty Options Tano, Gaston Alfonso 4 5/26/2014 00 Corp. (formerly, Troon Ventures Ltd.) Grenville Strategic Royalty Options Tano, Gaston Alfonso 4 5/26/2014 50 0.52 200,000 200,000 Corp. (formerly, Troon Ventures Ltd.) Guardian Capital Group Non-Voting Shares Class Guardian Capital Group 1 5/28/2014 38 0 -40,000 Limited A Limited Guardian Capital Group Non-Voting Shares Class Larose, Denis Albert 7 5/27/2014 10 16.74 22,500 -100 Limited A Guardian Capital Group Non-Voting Shares Class Larose, Denis Albert 7 5/28/2014 10 16.7 16,700 -5,800 Limited A Guardian Capital Group Non-Voting Shares Class McDermott, Edward 4 5/22/2014 10 16.685 6,300 500 Limited A Thomas Guardian Capital Group Common Shares Rudloff, Hans-Georg Till 4 5/22/2014 00 40,300 Limited Gulf & Pacific Equities Corp. Common Shares C.D.R. Development Inc. 3 5/26/2014 10 0.4 1,961,871 62,500 H&R Real Estate Investment Units Gilbert, Edward Allen 4 5/27/2014 10 23.2 82,754 -5,000 Trust H&R Real Estate Investment Units Gilbert, Edward Allen 4 5/27/2014 10 23.22 77,754 -5,000 Trust H&R Real Estate Investment Units Gilbert, Edward Allen 4 5/27/2014 10 23.2 67,754 -10,000 Trust H&R Real Estate Investment Options Lebovic, Laurence A. 6 5/26/2014 51 15.42 236,780 -10,000 Trust H&R Real Estate Investment Units Lebovic, Laurence A. 6 5/28/2014 47 23.343 10,000 10,000 Trust H&R Real Estate Investment Units Lebovic, Laurence A. 6 5/29/2014 47 23.343 10,000 Trust H&R Real Estate Investment Units Lebovic, Laurence A. 6 5/29/2014 10 23.343 0 -10,000 Trust H&R Real Estate Investment Units Lebovic, Laurence A. 6 5/26/2014 51 15.42 61,989 10,000 Trust H&R Real Estate Investment Units Lebovic, Laurence A. 6 5/28/2014 47 51,989 -10,000 Trust Halogen Software Inc. Options Brûlé, Marc 5 5/21/2014 50 8.91 63,334 10,000 Halogen Software Inc. Options Jones, Dominique Claude 5 5/21/2014 50 8.91 50,000 10,000 Halogen Software Inc. Common Shares Loucks, Paul 4, 5 5/22/2014 10 8.5 729,168 10,800 Halogen Software Inc. Common Shares Loucks, Paul 4, 5 5/22/2014 10 8.4984 733,668 4,500 Halogen Software Inc. Common Shares Loucks, Paul 4, 5 5/23/2014 10 8.4888 734,468 800 Halogen Software Inc. Common Shares Loucks, Paul 4, 5 5/23/2014 10 8.31 735,268 800 Halogen Software Inc. Common Shares Loucks, Paul 4, 5 5/30/2014 50 1.05 66,667 Halogen Software Inc. Common Shares Loucks, Paul 4, 5 5/30/2014 50 1.05 66,667 Halogen Software Inc. Common Shares Loucks, Paul 4, 5 5/30/2014 51 1.05 801,935 66,667 Halogen Software Inc. Options Loucks, Paul 4, 5 5/21/2014 50 8.91 440,001 40,000 Halogen Software Inc. Options Loucks, Paul 4, 5 5/30/2014 51 1.05 -66,667 Halogen Software Inc. Options Loucks, Paul 4, 5 5/30/2014 51 1.05 -66,667 Halogen Software Inc. Options Loucks, Paul 4, 5 5/30/2014 51 1.05 373,334 -66,667 Halogen Software Inc. Options MacKay, Dawn Marie 5 5/21/2014 50 8.91 51,733 10,000

June 5, 2014 (2014), 37 OSCB 5472

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Halogen Software Inc. Options Ronayne, Donna Lynn 5 5/21/2014 50 8.91 60,001 10,000 Happy Creek Minerals Ltd. Common Shares Cathro, Michael 4 5/22/2014 16 0.15 281,000 200,000 Happy Creek Minerals Ltd. Warrants Cathro, Michael 4 11/9/2012 00 Happy Creek Minerals Ltd. Warrants Cathro, Michael 4 5/22/2014 16 0.15 100,000 100,000 Happy Creek Minerals Ltd. Common Shares Lee, Richard Manning 5 7/16/2012 00 Happy Creek Minerals Ltd. Common Shares Lee, Richard Manning 5 5/21/2014 11 0.15 66,667 66,667 Hardwoods Distribution Inc. Common Shares Blanco, Lance Richard 7, 5 5/23/2014 10 11.25 78,800 -120,000 Hardwoods Distribution Inc. Common Shares Brown, Robert James 7, 5 5/23/2014 10 11.25 42,790 -80,000 Hartco Inc. Options Brunet, Joseph Pierre 4 5/7/2014 38 0 -10,000 Hartco Inc. Options Jones, Michael Peter 5 4/14/2014 38 0 -35,000 Harte Gold Corp. Options Campbell, Timothy Norman 5 5/25/2014 52 3,250,000 -250,000 Hemisphere Energy Common Shares Arthur, Andrew John 5 5/30/2014 10 0.71 85,000 50,000 Corporation Hemisphere Energy Common Shares Arthur, Andrew John 5 5/30/2014 10 0.7 110,000 25,000 Corporation Hemisphere Energy Common Shares Borowicz, Frank Stephen 4 5/26/2014 10 0.72 509,000 2,000 Corporation Hemisphere Energy Common Shares Borowicz, Frank Stephen 4 5/26/2014 10 0.7 509,500 500 Corporation Heroux-Devtek Inc. Common Shares Stevens, Andrew John 4 5/28/2014 00 High Arctic Energy Services Common Shares Beaulieu, Dan 5 1/11/2012 00 Inc. High Arctic Energy Services Common Shares Beaulieu, Dan 5 1/11/2012 00 28,800 Inc. High Arctic Energy Services Common Shares Wood, Jed Morgan 3 5/27/2014 10 5.53 -2,158,552 -200,000 Inc. Hillcrest Resources Ltd. Common Shares Currie, Donald James 4, 5 5/26/2014 10 0.065 1,962,000 10,000 Hillcrest Resources Ltd. Common Shares Currie, Donald James 4, 5 5/29/2014 10 0.06 1,982,000 20,000 Hillcrest Resources Ltd. Common Shares Currie, Donald James 4, 5 5/30/2014 10 0.06 1,992,000 10,000 Holloway Lodging Common Shares Geosam Capital Inc. 3 5/23/2014 10 4.24 6,107,529 842,075 Corporation Home Capital Group Inc. Common Shares Copperthwaite, Stephen 5 5/26/2014 10 47 1,042 -6,000 Home Capital Group Inc. Common Shares Hong, John 5 5/28/2014 51 23.2 5,000 5,000 Home Capital Group Inc. Options Hong, John 5 5/28/2014 51 23.2 23,000 -5,000 Home Capital Group Inc. Common Shares Mosko, Brian Robert 5 5/29/2014 51 23.96 16,662 15,000 Home Capital Group Inc. Options Mosko, Brian Robert 5 5/29/2014 51 23.96 25,000 -15,000 Home Capital Group Inc. Common Shares Parker, Gregory 5 2/13/2013 00 Home Capital Group Inc. Common Shares Parker, Gregory 5 5/28/2014 51 23.96 7,500 7,500 Home Capital Group Inc. Options Parker, Gregory 5 5/28/2014 51 23.96 13,500 -7,500 Home Capital Group Inc. Common Shares Soloway, Gerald M. 4, 5 5/23/2014 10 46.104 228,984 -40,000 Hornby Bay Mineral Common Shares Brady, James Martin 3, 4, 5 5/23/2014 10 0.075 7,344,700 11,000 Exploration Ltd. (formerly, Unor Inc.) Hornby Bay Mineral Common Shares Brady, James Martin 3, 4, 5 5/26/2014 10 0.075 7,347,700 3,000 Exploration Ltd. (formerly, Unor Inc.) HUSKY ENERGY INC. Performance Share Units Allison, Bradley Harvey 7 5/23/2014 59 35.83 61,970 -9,000 HUSKY ENERGY INC. Performance Share Units Baird, Robert Ian 7 5/23/2014 59 35.83 61,970 -9,000 HUSKY ENERGY INC. Performance Share Units CONNOLLY, EDWARD 7 5/23/2014 59 35.83 61,970 -9,000 TERRANCE HUSKY ENERGY INC. Performance Share Units Cowan, Alister 5 5/23/2014 59 35.83 113,180 -21,000 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 7/3/2013 30 27.943 867 8 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 7/15/2013 30 29.213 945 30 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 7/15/2013 30 29.213 963 18 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 7/31/2013 30 30.221 1,056 47 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 1/3/2014 30 33.431 3 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 1/3/2014 30 33.431 3 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 1/3/2014 30 33.431 569 3 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 1/16/2014 30 33.502 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 1/16/2014 30 33.502 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 1/16/2014 30 33.502 611 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 1/31/2014 30 32.813 42

June 5, 2014 (2014), 37 OSCB 5473

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 1/31/2014 30 32.813 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 1/31/2014 30 32.813 653 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 2/14/2014 30 33.534 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 2/14/2014 30 33.534 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 2/14/2014 30 33.534 695 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 2/28/2014 30 33.448 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 2/28/2014 30 33.448 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 2/28/2014 30 33.448 737 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 3/14/2014 30 32.961 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 3/14/2014 30 32.961 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 3/14/2014 30 32.961 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 3/14/2014 30 32.961 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 3/14/2014 30 32.961 779 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 3/31/2014 30 32.723 43 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 3/31/2014 30 32.723 43 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 3/31/2014 30 32.723 822 43 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 4/2/2014 30 33.85 6 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 4/2/2014 30 33.85 6 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 4/2/2014 30 33.85 828 6 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 4/15/2014 30 34.978 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 4/15/2014 30 34.978 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 4/15/2014 30 34.978 870 42 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 4/30/2014 30 35.818 40 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 4/30/2014 30 35.818 40 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 4/30/2014 30 35.818 910 40 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 5/15/2014 30 36.692 39 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 5/15/2014 30 36.692 39 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 5/15/2014 30 36.692 949 39 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 5/26/2014 30 36.889 -846 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 5/26/2014 30 36.889 -846 HUSKY ENERGY INC. Common Shares Foster, Nancy Fay 7 5/26/2014 30 36.889 103 -846 HUSKY ENERGY INC. Performance Share Units Ghosh, Asim 4, 5 5/23/2014 59 35.83 381,080 -27,000 HUSKY ENERGY INC. Performance Share Units Girgulis, James Demetrius 5 5/23/2014 59 35.83 61,970 -9,000 HUSKY ENERGY INC. Performance Share Units Manning, Terry James 7 5/23/2014 59 35.83 61,970 -9,000 HUSKY ENERGY INC. Performance Share Units Myer, John William George 5 5/23/2014 59 35.83 63,650 -9,000 HUSKY ENERGY INC. Common Shares PEABODY, ROBERT 5 5/26/2014 10 50.1 54,000 2,300 JOHN HUSKY ENERGY INC. Common Shares PEABODY, ROBERT 5 5/26/2014 10 50.09 54,700 700 JOHN HUSKY ENERGY INC. Common Shares PEABODY, ROBERT 5 5/26/2014 10 50.08 55,700 1,000 JOHN HUSKY ENERGY INC. Common Shares PEABODY, ROBERT 5 5/26/2014 10 36.81 56,900 1,200 JOHN HUSKY ENERGY INC. Common Shares PEABODY, ROBERT 5 5/26/2014 10 36.8 58,500 1,600 JOHN HUSKY ENERGY INC. Common Shares PEABODY, ROBERT 5 5/26/2014 10 36.79 58,900 400 JOHN HUSKY ENERGY INC. Common Shares PEABODY, ROBERT 5 5/26/2014 10 36.78 59,800 900 JOHN HUSKY ENERGY INC. Common Shares PEABODY, ROBERT 5 5/26/2014 10 36.77 60,000 200 JOHN HUSKY ENERGY INC. Common Shares PEABODY, ROBERT 5 5/26/2014 10 36.76 60,700 700 JOHN HUSKY ENERGY INC. Performance Share Units PEABODY, ROBERT 5 5/23/2014 59 35.83 138,655 -21,000 JOHN HUSKY ENERGY INC. Performance Share Units Warnock, Roy Clifford 2 5/23/2014 59 35.83 51,710 -9,000 Inca One Resources Corp. Common Shares Kelly, Edward John 4 5/26/2014 10 0.16 1,547,344 5,000 Inca One Resources Corp. Common Shares Moen, George Marius 4, 5 5/27/2014 10 0.155 2,045,760 5,000 Inca One Resources Corp. Common Shares Moen, George Marius 4, 5 5/28/2014 10 0.145 2,051,760 6,000 Inca One Resources Corp. Common Shares Moen, George Marius 4, 5 5/28/2014 10 0.145 2,056,760 5,000 Inca One Resources Corp. Common Shares Moen, George Marius 4, 5 5/28/2014 10 0.145 2,063,760 7,000

June 5, 2014 (2014), 37 OSCB 5474

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Inca One Resources Corp. Common Shares Moen, George Marius 4, 5 5/28/2014 10 0.145 2,073,760 10,000 Inca One Resources Corp. Common Shares Moen, George Marius 4, 5 5/29/2014 10 0.15 2,092,260 18,500 Indexplus Income Fund Trust Units INDEXPLUS Income Fund 1 5/27/2014 38 14.06 33,235,990 800 Indexplus Income Fund Trust Units INDEXPLUS Income Fund 1 5/27/2014 10 14.115 33,230,990 -5,000 Indexplus Income Fund Trust Units INDEXPLUS Income Fund 1 5/29/2014 38 14.05 33,231,590 600 Industrial Alliance Insurance Common Shares Chabot, René 5 5/27/2014 10 42 7,355 5,000 and Financial Services inc. Industrial Alliance Insurance unités d'actions différées Chabot, René 5 12/31/2013 35 41.28 176 and Financial Services inc. (uda)-differed shared units (dsa) Industrial Alliance Insurance unités d'actions différées Chabot, René 5 12/31/2013 35 40.722 7,506 176 and Financial Services inc. (uda)-differed shared units (dsa) Industrial Alliance Insurance Common Shares Morin, Danielle G. 4 5/28/2014 10 41.415 1,200 200 and Financial Services inc. Infinity Minerals Corp. Common Shares Shenton, Ronald Gordon 4, 5 5/23/2014 10 0.225 1,308,200 -2,500 Input Capital Corp. Rights Deferred Share Brown, David 4 7/17/2013 00 Units Input Capital Corp. Rights Deferred Share Brown, David 4 12/1/2013 56 1.73 31,499 Units Input Capital Corp. Rights Deferred Share Brown, David 4 12/1/2013 56 1.73 31,499 31,499 Units Input Capital Corp. Rights Deferred Share Brown, David 4 5/27/2014 56 2.2 35,455 Units Input Capital Corp. Rights Deferred Share Brown, David 4 5/27/2014 56 2.2 66,954 35,455 Units Input Capital Corp. Options Budreski, John Philip 7 5/27/2014 50 2.2 36,000 Adrian Input Capital Corp. Options Budreski, John Philip 7 5/27/2014 50 2.2 199,657 36,600 Adrian Input Capital Corp. Rights Deferred Share Hepworth, Lorne 4 7/17/2013 00 Units Input Capital Corp. Rights Deferred Share Hepworth, Lorne 4 12/1/2013 56 1.73 28,268 Units Input Capital Corp. Rights Deferred Share Hepworth, Lorne 4 12/1/2013 56 1.73 28,268 28,268 Units Input Capital Corp. Rights Deferred Share Hepworth, Lorne 4 5/27/2014 56 2.2 31,818 Units Input Capital Corp. Rights Deferred Share Hepworth, Lorne 4 5/27/2014 56 2.2 60,086 31,818 Units Input Capital Corp. Rights Deferred Share Laidley, David Howard 4 7/17/2013 00 Units Input Capital Corp. Rights Deferred Share Laidley, David Howard 4 12/1/2013 56 1.73 31,499 Units Input Capital Corp. Rights Deferred Share Laidley, David Howard 4 12/1/2013 56 1.73 31,499 31,499 Units Input Capital Corp. Rights Deferred Share Laidley, David Howard 4 5/27/2014 56 2.2 35,455 Units Input Capital Corp. Rights Deferred Share Laidley, David Howard 4 5/27/2014 56 2.2 66,954 35,455 Units Intact Financial Corporation Common Shares Dionne, Michel 5 5/29/2014 10 72.2 4,046 -700 INTEGRATED ASSET Common Shares Robson, Philip Spencer 7 5/22/2014 10 0.88 98,005 5,000 MANAGEMENT CORP. INTEGRATED ASSET Common Shares Robson, Philip Spencer 7 5/30/2014 10 0.88 108,005 10,000 MANAGEMENT CORP. Inter Pipeline Ltd. Common Shares Shaw, Richard A. 4 5/28/2014 10 31.41 1,000 1,000 Inter Pipeline Ltd. Common Shares Shaw, Richard A. 4 5/28/2014 10 31.411 16,300 3,100 International Datacasting Restricted Share Units Archambault, Steven 5 7/30/2012 00 Corporation International Datacasting Restricted Share Units Archambault, Steven 5 4/1/2014 56 0.096 80,729 80,729 Corporation International Datacasting Restricted Share Units Archambault, Steven 5 4/1/2014 56 0.096 268,229 187,500 Corporation International Datacasting Rights Deferred Share Archambault, Steven 5 4/1/2014 56 0.096 80,729 Corporation Units

June 5, 2014 (2014), 37 OSCB 5475

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed International Datacasting Rights Deferred Share Archambault, Steven 5 4/1/2014 56 0.096 187,500 Corporation Units International Datacasting Rights Deferred Share Archambault, Steven 5 4/1/2014 56 0.096 187,500 Corporation Units International Datacasting Restricted Share Units Barrett, Chris 5 3/18/2013 00 Corporation International Datacasting Restricted Share Units Barrett, Chris 5 4/1/2014 56 0.096 88,542 88,542 Corporation International Datacasting Restricted Share Units Barrett, Chris 5 4/1/2014 56 0.096 276,042 187,500 Corporation International Datacasting Rights Deferred Share Barrett, Chris 5 4/1/2014 56 0.096 88,542 Corporation Units International Datacasting Rights Deferred Share Barrett, Chris 5 4/1/2014 56 0.096 187,500 Corporation Units International Datacasting Rights Deferred Share Barrett, Chris 5 4/1/2014 56 0.096 187,500 Corporation Units International Datacasting Restricted Share Units Carter, Gary Edward 5 11/28/1988 00 Corporation International Datacasting Restricted Share Units Carter, Gary Edward 5 6/24/2013 56 75,000 75,000 Corporation International Datacasting Restricted Share Units Carter, Gary Edward 5 1/31/2014 57 61,602 -13,398 Corporation International Datacasting Restricted Share Units Carter, Gary Edward 5 2/3/2014 59 50,000 -11,602 Corporation International Datacasting Restricted Share Units Carter, Gary Edward 5 4/1/2014 56 0.096 138,542 88,542 Corporation International Datacasting Rights Deferred Share Carter, Gary Edward 5 6/24/2013 56 75,000 Corporation Units International Datacasting Rights Deferred Share Carter, Gary Edward 5 1/31/2014 57 -13,398 Corporation Units International Datacasting Rights Deferred Share Carter, Gary Edward 5 2/3/2014 59 -11,602 Corporation Units International Datacasting Rights Deferred Share Carter, Gary Edward 5 4/1/2014 56 0.096 88,542 Corporation Units International Datacasting Rights Deferred Share Carter, Gary Edward 5 4/1/2014 56 0.096 88,542 Corporation Units International Datacasting Restricted Share Units Lowther, Douglas William 5 5/13/2013 00 Corporation Herbert International Datacasting Restricted Share Units Lowther, Douglas William 5 4/1/2014 56 0.096 153,646 153,646 Corporation Herbert International Datacasting Restricted Share Units Lowther, Douglas William 5 4/1/2014 56 0.096 1,940,604 1,786,958 Corporation Herbert International Datacasting Rights Deferred Share Lowther, Douglas William 5 4/1/2014 56 0.096 153,646 Corporation Units Herbert International Datacasting Rights Deferred Share Lowther, Douglas William 5 4/1/2014 56 0.096 1,786,958 Corporation Units Herbert International Datacasting Rights Deferred Share Lowther, Douglas William 5 4/1/2014 56 0.096 1,786,958 Corporation Units Herbert International Northair Mines Common Shares Inwentash, Sheldon 6 5/29/2014 10 0.08 4,276,627 -59,500 Ltd. International Northair Mines Common Shares Johnstone, Wayne David 5 5/29/2014 10 0.08 150,000 50,000 Ltd. International Tower Hill Common Shares Tocqueville Asset 3 3/3/2014 10 0.72 4,822,079 200,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 3/4/2014 10 0.74 5,222,079 400,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 3/5/2014 10 0.9 5,719,126 497,047 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 3/12/2014 10 0.9 5,769,126 50,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 8/5/2013 00 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 8/5/2013 00 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 8/5/2013 00 3,526,984 Mines Ltd. Management, L.P.

June 5, 2014 (2014), 37 OSCB 5476

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed International Tower Hill Common Shares Tocqueville Asset 3 9/19/2013 10 0.5 3,508,184 -18,800 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 9/19/2013 10 0.5 3,495,284 -12,900 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 9/19/2013 10 0.5 3,476,484 -18,800 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 9/19/2013 10 0.5 3,463,584 -12,900 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 11/20/2013 10 0.41 3,468,584 5,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 11/20/2013 10 0.37 3,467,584 -1,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 11/20/2013 10 0.37 3,466,584 -1,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 11/20/2013 10 0.37 3,465,584 -1,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 11/20/2013 10 0.37 3,464,584 -1,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 11/20/2013 10 0.37 3,463,584 -1,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 11/20/2013 10 0.37 3,462,584 -1,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 11/20/2013 10 0.37 3,461,584 -1,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 11/20/2013 10 0.37 3,460,584 -1,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 11/20/2013 10 0.37 3,459,584 -1,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 11/20/2013 10 0.37 3,458,584 -1,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 12/19/2013 10 0.38 3,444,979 -13,605 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 12/19/2013 10 0.38 3,442,079 -2,900 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 12/19/2013 10 0.38 3,432,079 -10,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 12/19/2013 10 0.38 3,418,474 -13,605 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 12/19/2013 10 0.38 3,415,574 -2,900 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 12/19/2013 10 0.38 3,405,574 -10,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 2/13/2014 10 0.68 3,705,574 300,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 2/21/2014 10 0.66 3,819,183 113,609 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 2/21/2014 10 0.62 3,783,534 -35,649 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 2/21/2014 10 0.62 3,748,863 -34,671 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 2/21/2014 10 0.62 3,718,859 -30,004 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 2/21/2014 10 0.62 3,683,210 -35,649 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 2/21/2014 10 0.62 3,648,539 -34,671 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 2/21/2014 10 0.62 3,618,535 -30,004 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 2/24/2014 10 0.65 3,772,233 153,698 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 2/25/2014 10 0.65 3,962,321 190,088 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 2/26/2014 10 0.66 4,212,321 250,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 2/26/2014 10 0.66 250,000 Mines Ltd. Management, L.P.

June 5, 2014 (2014), 37 OSCB 5477

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed International Tower Hill Common Shares Tocqueville Asset 3 2/26/2014 10 0.66 250,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 2/26/2014 10 0.66 250,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 2/27/2014 10 0.66 4,372,079 159,758 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 2/28/2014 10 0.67 4,622,079 250,000 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 3/21/2014 10 0.62 -30,004 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 8/5/2013 00 Mines Ltd. Management, L.P. International Tower Hill Common Shares Tocqueville Asset 3 8/5/2013 00 8,159,803 Mines Ltd. Management, L.P. Intrinsyc Software Options Marks, Daniel 4 5/21/2014 50 0.1 154,167 50,000 International, Inc. IOU Financial Inc. Options CHARETTE, GUY 4 5/28/2014 50 210,000 45,000 IOU Financial Inc. Options Cynn, David H. 4 3/6/2014 00 IOU Financial Inc. Multiple Voting Shares Marleau, Hubert 6 5/28/2014 10 0.55 122,500 25,500 CATEGORIE B (known as Class B common Shares) IOU Financial Inc. Options Price, Evan 4 5/28/2014 50 270,000 60,000 iSign Media Solutions Inc. Common Shares Rodgerson, David 4 5/28/2014 10 0.2421 3,500 iSign Media Solutions Inc. Common Shares Rodgerson, David 4 5/28/2014 10 0.24 13,500 2,000 iSign Media Solutions Inc. Common Shares Rodgerson, David 4 5/28/2014 10 0.245 15,000 1,500 iSign Media Solutions Inc. Common Shares Rodgerson, David 4 5/28/2014 10 0.245 20,500 5,500 iSign Media Solutions Inc. Common Shares Rodgerson, David 4 5/28/2014 10 0.25 52,500 32,000 ITUNA CAPITAL Common Shares DIDUCK, GLEN JOHN 4, 5 5/16/2014 00 850,000 CORPORATION ITUNA CAPITAL Common Shares DIDUCK, GLEN JOHN 4, 5 5/21/2014 10 0.15 874,000 24,000 CORPORATION ITUNA CAPITAL Common Shares kennedy, bernard john 4, 5 5/16/2014 00 1,000,000 CORPORATION ITUNA CAPITAL Common Shares MacNeill, Tom 4 5/28/2014 10 0.075 252,500 2,500 CORPORATION ITUNA CAPITAL Common Shares Termuende, Timothy Jay 4 5/16/2014 00 1,035,000 CORPORATION ITUNA CAPITAL Common Shares Weber, Jason Shawn 4 5/16/2014 00 862,500 CORPORATION Ivanhoe Energy Inc. Common Shares Duff, Marlene 5 5/24/2014 10 0.46 35,475 2,917 Ivanhoe Energy Inc. Restricted Share Units Duff, Marlene 5 5/24/2014 57 -4,781 Ivanhoe Energy Inc. Restricted Share Units Duff, Marlene 5 5/24/2014 57 71,169 -4,782 Ivanhoe Energy Inc. Restricted Share Units Kuhach, Joseph David 5 5/24/2014 59 104,458 -6,289 Ivanhoe Energy Inc. Common Shares Phaneuf, Gregory Gerald 5 5/24/2014 10 0.46 37,015 856 Ivanhoe Energy Inc. Restricted Share Units Phaneuf, Gregory Gerald 5 5/24/2014 59 -1,402 Ivanhoe Energy Inc. Restricted Share Units Phaneuf, Gregory Gerald 5 5/24/2014 59 92,669 -1,402 Ivanhoe Energy Inc. Restricted Share Unit Schiefelbein, Jerry 5 5/24/2014 59 90,604 -6,907 Ivanhoe Energy Inc. Restricted Share Unit Silverman, Michael 5 5/24/2014 59 99,793 -7,232 Ivanhoe Energy Inc. Restricted Share Unit Vincelli, Mary 7 5/24/2014 59 23,710 -697 Jayden Resources Inc. Common Shares Mak, Kwok Yum 3 5/26/2014 11 0.11 6,620,000 -760,000 Jayden Resources Inc. Common Shares Mak, Kwok Yum 3 5/26/2014 11 0.11 5,320,000 -1,300,000 Jayden Resources Inc. Common Shares Mak, Kwok Yum 3 5/26/2014 11 0.11 1,500,000 -3,820,000 Jayden Resources Inc. Common Shares Mak, Kwok Yum 3 5/29/2014 11 0.1 3,770,936 -1,667,686 Jayden Resources Inc. Common Shares Wan, Letty Ho Yan 3, 4 5/26/2014 90 0.11 11,087,364 10,087,364 Jayden Resources Inc. Common Shares Wan, Letty Ho Yan 3, 4 5/26/2014 11 0.11 10,087,364 -960,000 Jayden Resources Inc. Common Shares Wan, Letty Ho Yan 3, 4 5/26/2014 90 0.11 0 -10,087,364 Jet Metal Corp. Common Shares Wallis, Charles Stewart 4 5/23/2014 10 0.28 13,500 -2,500 Jet Metal Corp. Common Shares Wallis, Charles Stewart 4 5/28/2014 10 0.28 13,000 -500 Jet Metal Corp. Common Shares Wallis, Charles Stewart 4 5/29/2014 10 0.28 10,500 -2,500 Khalkos Exploration Inc. Common Shares Gagnon, Robert 4, 5 5/28/2014 11 0.06 416,666 Khalkos Exploration Inc. Common Shares Gagnon, Robert 4, 5 5/28/2014 16 0.06 1,588,666 416,666 Khalkos Exploration Inc. Common Shares Gagnon, Robert 4, 5 5/28/2014 53 0.1 208,333

June 5, 2014 (2014), 37 OSCB 5478

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Khalkos Exploration Inc. Common Shares Gagnon, Robert 4, 5 5/28/2014 53 0.1 208,333 Khalkos Exploration Inc. Warrants Gagnon, Robert 4, 5 5/28/2014 16 908,333 208,333 Khalkos Exploration Inc. Common Shares Proulx, André 7 5/28/2014 11 0.08 493,000 250,000 Khalkos Exploration Inc. Common Shares Proulx, André 7 2/27/2014 00 83,333 Khalkos Exploration Inc. Warrants Proulx, André 7 2/27/2014 00 833,333 Killam Properties Inc. Common Shares WALT, MANFRED 4 5/27/2014 51 10.57 310,263 20,000 Killam Properties Inc. Options WALT, MANFRED 4 5/27/2014 51 8.16 0 -20,000 Klondex Mines Ltd. Common Shares Schultz, Blair 4 4/9/2014 90 445,000 -205,000 Klondex Mines Ltd. Common Shares Schultz, Blair 4 6/28/2012 00 Klondex Mines Ltd. Common Shares Schultz, Blair 4 4/9/2014 90 205,000 205,000 Klondex Mines Ltd. Common Shares Schultz, Blair 4 5/27/2014 10 1.81 210,000 5,000 Klondex Mines Ltd. Common Shares Schultz, Blair 4 5/30/2014 10 1.77 215,000 5,000 Klondex Mines Ltd. Common Shares Schultz, Blair 4 6/28/2012 00 Klondex Mines Ltd. Common Shares Schultz, Blair 4 6/28/2012 00 Klondex Mines Ltd. Common Shares Schultz, Blair 4 4/9/2014 90 205,000 Klondex Mines Ltd. Common Shares Schultz, Blair 4 4/9/2014 90 205,000 Klondex Mines Ltd. Common Shares Schultz, Blair 4 5/27/2014 10 1.81 5,000 Klondex Mines Ltd. Common Shares Schultz, Blair 4 5/27/2014 10 1.81 5,000 KP Tissue Inc. Common Shares Bunze, George J. 6, 7 5/29/2014 10 15.76 0 -1,000 Leisureworld Senior Care Common Shares MacDonald, Jack C. 4 5/21/2014 10 12.27 14,500 3,500 Corporation Leon's Furniture Limited Common Shares Cooney, John Andrew 5 4/21/2014 30 8.85 5,757 4,156 Leon's Furniture Limited Non-Voting Shares Cooney, John Andrew 5 4/21/2014 30 8.85 158,129 -4,156 Leon's Furniture Limited Common Shares Leon, Edward F. 4, 5 4/21/2014 30 8.85 20,680 4,156 Leon's Furniture Limited Common Shares Leon, Edward F. 4, 5 5/30/2014 10 14.5 35,680 15,000 Leon's Furniture Limited Non-Voting Shares Leon, Edward F. 4, 5 4/21/2014 30 8.85 196,558 -4,156 Leon's Furniture Limited Common Shares Leon, Mark 4 4/21/2014 30 8.85 507,102 3,116 Leon's Furniture Limited Non-Voting Shares Leon, Mark 4 4/21/2014 30 8.85 102,598 -3,116 Leon's Furniture Limited Common Shares Leon, Terrence 4, 5 4/21/2014 30 8.85 773,010 5,195 Leon's Furniture Limited Non-Voting Shares Leon, Terrence 4, 5 4/21/2014 30 8.85 249,090 -5,195 Leon's Furniture Limited Common Shares Scarangella, Dominic 5 4/21/2014 30 8.85 149,716 4,156 Leon's Furniture Limited Non-Voting Shares Scarangella, Dominic 5 4/21/2014 30 8.85 191,414 -4,156 LEVON RESOURCES LTD. Common Shares Chevillon, Victor 4 5/27/2014 10 0.2073 1,410,750 51,000 Liberty Silver Corp. Common Shares Genovese, Robert Donald 3 5/27/2014 11 0.02 15,315,201 10,000,000 Bruce Lightstream Resources Ltd. Rights DCS Brown, Ian Stephen 4 5/21/2014 56 19,521 7,138 Lightstream Resources Ltd. Rights Incentive Brown, Ian Stephen 4 5/21/2014 56 47,715 14,641 Lightstream Resources Ltd. Rights DCS Hislop, Martin 4 5/21/2014 56 0.05 15,884 6,589 Lightstream Resources Ltd. Rights Incentive Hislop, Martin 4 5/21/2014 56 0.05 40,168 14,641 Lightstream Resources Ltd. Common Shares Lothian, E. Craig 4 5/22/2014 57 7.38 130,326 326 Lightstream Resources Ltd. Rights DCS Lothian, E. Craig 4 5/21/2014 56 17,433 6,314 Lightstream Resources Ltd. Rights DCS Lothian, E. Craig 4 5/22/2014 57 7.38 17,107 -326 Lightstream Resources Ltd. Rights Incentive Lothian, E. Craig 4 5/21/2014 56 47,715 14,641 Lightstream Resources Ltd. Rights DCS McKINNON, KENNETH 4, 7 5/21/2014 56 29,743 11,255 RICHARD Lightstream Resources Ltd. Rights Incentive McKINNON, KENNETH 4, 7 5/21/2014 56 47,715 14,641 RICHARD Lightstream Resources Ltd. Rights DCS Ruttan, Corey Christopher 4 5/21/2014 56 17,049 5,490 Lightstream Resources Ltd. Rights Incentive Ruttan, Corey Christopher 4 5/21/2014 56 49,908 14,641 Lightstream Resources Ltd. Rights DCS Themig, Daniel 4 5/21/2014 56 17,236 6,314 Lightstream Resources Ltd. Rights Incentive Themig, Daniel 4 5/21/2014 56 47,715 14,641 Lightstream Resources Ltd. Rights DCS Wilson, W. Brett 4 5/21/2014 56 12,990 5,765 Lightstream Resources Ltd. Rights Incentive Wilson, W. Brett 4 5/21/2014 56 33,544 14,641 Linamar Corporation Common Shares Chovaz, Michael Keith 5 5/21/2014 10 60.91 900 -1,000 LIONS GATE Common Shares Feltheimer, Jon Henry 4, 5 5/23/2014 38 27.5 2,105,321 -38,480 ENTERTAINMENT CORP. Logistec Corporation Subordinate Voting LOGISTEC 1 5/26/2014 38 61.667 10,300 600 Shares Class B CORPORATION Logistec Corporation Subordinate Voting LOGISTEC 1 5/27/2014 38 62.97 11,300 1,000 Shares Class B CORPORATION

June 5, 2014 (2014), 37 OSCB 5479

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Logistec Corporation Subordinate Voting LOGISTEC 1 5/28/2014 38 63.18 12,100 800 Shares Class B CORPORATION Logistec Corporation Subordinate Voting LOGISTEC 1 5/29/2014 38 65 12,900 800 Shares Class B CORPORATION Logistec Corporation Subordinate Voting LOGISTEC 1 5/30/2014 38 66.595 13,300 400 Shares Class B CORPORATION Long Run Exploration Ltd. Common Shares Sprott Resource Corp. 3 5/28/2014 36 23,000,000 15,512,858 Long Run Exploration Ltd. Non-Voting Shares Sprott Resource Corp. 3 5/28/2014 36 0 -15,512,858 Convertible Longreach Oil and Gas Options Arch, Martin Antony 5 1/28/2014 00 Limited (formerly Chairman Capital Corp.) Longreach Oil and Gas Options Arch, Martin Antony 5 4/30/2014 50 340,000 340,000 Limited (formerly Chairman Capital Corp.) Longreach Oil and Gas Options Brigstocke, Nicholas 4 12/16/2013 00 Limited (formerly Chairman Capital Corp.) Longreach Oil and Gas Options Brigstocke, Nicholas 4 4/30/2014 50 300,000 300,000 Limited (formerly Chairman Capital Corp.) Longreach Oil and Gas Options Deacon, Donald Campbell 4 12/16/2013 52 217,857 -50,000 Limited (formerly Chairman Capital Corp.) Longreach Oil and Gas Options Deacon, Donald Campbell 4 4/30/2014 50 717,857 500,000 Limited (formerly Chairman Capital Corp.) Longreach Oil and Gas Common Shares Feuchtwanger, Thomas 5 4/22/2014 00 100,000 Limited (formerly Chairman Capital Corp.) Longreach Oil and Gas Options Feuchtwanger, Thomas 5 4/22/2014 00 300,000 Limited (formerly Chairman Capital Corp.) Longreach Oil and Gas Options Feuchtwanger, Thomas 5 4/30/2014 50 300,000 Limited (formerly Chairman Capital Corp.) Longreach Oil and Gas Options Feuchtwanger, Thomas 5 4/30/2014 50 600,000 300,000 Limited (formerly Chairman Capital Corp.) Longreach Oil and Gas Options Sharma, Yogeshwar 4 12/16/2013 52 200,000 -50,000 Limited (formerly Chairman Capital Corp.) Longreach Oil and Gas Options Sharma, Yogeshwar 4 4/30/2014 50 500,000 300,000 Limited (formerly Chairman Capital Corp.) Longreach Oil and Gas Options Sharp, Dennis Ambrose 4 4/30/2014 50 2,528,572 1,000,000 Limited (formerly Chairman Capital Corp.) Longreach Oil and Gas Options Vukovich, Thomas 4 4/30/2014 50 642,427 300,000 Limited (formerly Chairman Capital Corp.) Longreach Oil and Gas Options Yi, Benjamin 4 12/16/2013 00 Limited (formerly Chairman Capital Corp.) Longreach Oil and Gas Options Yi, Benjamin 4 4/30/2014 50 300,000 300,000 Limited (formerly Chairman Capital Corp.) Lucara Diamond Corp. Common Shares Gabonowe, Ribson 7 5/29/2014 51 0.8 210,000 70,000 Champion Lucara Diamond Corp. Common Shares Gabonowe, Ribson 7 5/30/2014 51 0.7 260,000 50,000 Champion Lucara Diamond Corp. Options Gabonowe, Ribson 7 5/29/2014 51 0.8 105,000 -70,000 Champion Lucara Diamond Corp. Options Gabonowe, Ribson 7 5/30/2014 51 0.7 55,000 -50,000 Champion Lucara Diamond Corp. Options Kondo, Glenn 5 5/22/2014 51 0.98 200,000 -250,000 Lucara Diamond Corp. Common Shares Lamb, William 4, 5 5/22/2014 51 0.8 500,000 25,000 Lucara Diamond Corp. Options Lamb, William 4, 5 5/22/2014 51 0.8 300,000 -300,000 Lucara Diamond Corp. Common Shares Lecour, Jennifer Elizabeth 5 5/27/2014 51 0.7 50,000 50,000

June 5, 2014 (2014), 37 OSCB 5480

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Lucara Diamond Corp. Common Shares Lecour, Jennifer Elizabeth 5 5/27/2014 10 1.99 16,900 -33,100 Lucara Diamond Corp. Common Shares Lecour, Jennifer Elizabeth 5 5/27/2014 10 1.98 0 -16,900 Lucara Diamond Corp. Options Lecour, Jennifer Elizabeth 5 5/27/2014 51 0.7 25,000 -50,000 Luna Gold Corp. Options Schwalb, Federico 4 4/28/2014 00 Luna Gold Corp. Options Schwalb, Federico 4 5/23/2014 50 1.08 45,000 45,000 Lundin Mining Corporation Common Shares Ingram, James Allan 5 5/27/2014 51 3.89 85,000 85,000 Lundin Mining Corporation Common Shares Ingram, James Allan 5 5/27/2014 10 5.95 100 -84,900 Lundin Mining Corporation Common Shares Ingram, James Allan 5 5/27/2014 10 5.96 0 -100 Lundin Mining Corporation Options Ingram, James Allan 5 5/27/2014 51 3.89 115,500 -85,000 Lundin Mining Corporation Common Shares Schauman, Mikael 5 5/27/2014 51 3.89 90,000 90,000 Lundin Mining Corporation Common Shares Schauman, Mikael 5 5/27/2014 10 5.96 0 -90,000 Lundin Mining Corporation Options Schauman, Mikael 5 5/27/2014 51 3.89 480,000 -90,000 MacMillan Minerals Inc. Common Shares Brown, George Andrew 4, 5 5/30/2014 11 0.01 1,788,996 -739,248 Macro Enterprises Inc. Common Shares Baker, Ronald John 4 5/30/2014 51 0.3 90,000 40,000 Macro Enterprises Inc. Options Baker, Ronald John 4 5/30/2014 51 25,000 -40,000 Macro Enterprises Inc. Common Shares McFetridge, William James 4 5/30/2014 51 0.3 82,700 40,000 Macro Enterprises Inc. Options McFetridge, William James 4 5/30/2014 51 25,000 -40,000 Magellan Aerospace Common Shares Hahnelt, Konrad 5 5/26/2014 10 10.5 74,296 -400 Corporation Magellan Aerospace Common Shares Hahnelt, Konrad 5 5/26/2014 10 10.75 74,096 -200 Corporation Magellan Aerospace Common Shares Hahnelt, Konrad 5 5/29/2014 10 11.6 73,996 -100 Corporation Magellan Aerospace Common Shares Hahnelt, Konrad 5 5/30/2014 10 11 73,796 -200 Corporation Man GLG Emerging Markets Units Class A Man GLG Emerging 1 5/26/2014 10 7.31 10,000 10,000 Income Fund Markets Income Fund Man GLG Emerging Markets Units Class A Man GLG Emerging 1 5/26/2014 38 0 -10,000 Income Fund Markets Income Fund Man GLG Emerging Markets Units Class A Man GLG Emerging 1 5/27/2014 10 7.3 15,800 15,800 Income Fund Markets Income Fund Man GLG Emerging Markets Units Class A Man GLG Emerging 1 5/27/2014 38 0 -15,800 Income Fund Markets Income Fund Man GLG Emerging Markets Units Class A Man GLG Emerging 1 5/28/2014 10 7.32 1,000 1,000 Income Fund Markets Income Fund Man GLG Emerging Markets Units Class A Man GLG Emerging 1 5/28/2014 38 0 -1,000 Income Fund Markets Income Fund Maple Leaf Foods Inc. Common Shares Brooks, Bentley Andrew 5 5/26/2014 00 Maple Leaf Foods Inc. Rights PSU - Brooks, Bentley Andrew 5 5/26/2014 00 4,850 Performance Share Units settled with market shares Maple Leaf Foods Inc. Rights Restricted Share Brooks, Bentley Andrew 5 5/26/2014 00 4,850 Units settled with market shares Maple Leaf Foods Inc. Common Shares Cappuccitti, Rocco 5 5/29/2014 10 19.2 25,480 -1,305 Maple Leaf Foods Inc. Common Shares Cappuccitti, Rocco 5 5/29/2014 10 19.28 21,980 -3,500 Maple Leaf Foods Inc. Common Shares Cappuccitti, Rocco 5 5/29/2014 10 19.03 16,980 -5,000 Maple Leaf Foods Inc. Common Shares Cappuccitti, Rocco 5 5/29/2014 10 18.59 14,980 -2,000 Maple Leaf Foods Inc. Common Shares Cappuccitti, Rocco 5 5/29/2014 10 18.52 14,680 -300 Maple Leaf Foods Inc. Common Shares Cappuccitti, Rocco 5 5/29/2014 10 18.51 14,380 -300 Maple Leaf Foods Inc. Common Shares Cappuccitti, Rocco 5 5/29/2014 10 18.5 12,000 -2,380 Maple Leaf Foods Inc. Common Shares Cappuccitti, Rocco 5 5/29/2014 10 18.55 10,000 -2,000 Maple Leaf Foods Inc. Common Shares Cappuccitti, Rocco 5 5/29/2014 10 17.9 0 -10,000 Maple Leaf Foods Inc. Common Shares Cappuccitti, Rocco 5 5/29/2014 10 18.59 0 -1,000 Maple Leaf Foods Inc. Common Shares Cappuccitti, Rocco 5 5/29/2014 10 19.2 75,500 -195 Maple Leaf Foods Inc. Common Shares Compton, Christopher Paul 5 5/26/2014 00 1,789 Maple Leaf Foods Inc. Rights PSU - Compton, Christopher Paul 5 5/26/2014 00 4,400 Performance Share Units settled with market shares Maple Leaf Foods Inc. Rights Restricted Share Compton, Christopher Paul 5 5/26/2014 00 4,400 Units settled with market shares Maple Leaf Foods Inc. Common Shares Frank, Curtis Eugene 5 5/26/2014 00 1,875

June 5, 2014 (2014), 37 OSCB 5481

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Maple Leaf Foods Inc. Rights PSU - Frank, Curtis Eugene 5 5/26/2014 00 900 Performance Share Units settled with market shares Maple Leaf Foods Inc. Rights Restricted Share Frank, Curtis Eugene 5 5/26/2014 00 900 Units settled with market shares Maple Leaf Foods Inc. Common Shares Grogan, Adam John 5 5/26/2014 00 1,340 Maple Leaf Foods Inc. Rights PSU - Grogan, Adam John 5 5/26/2014 00 6,650 Performance Share Units settled with market shares Maple Leaf Foods Inc. Rights Restricted Share Grogan, Adam John 5 5/26/2014 00 6,650 Units settled with market shares Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/27/2014 10 17.8 -36,000 -36,000 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/27/2014 10 17.805 -36,800 -800 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/27/2014 10 17.81 -54,000 -17,200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/27/2014 10 17.815 -54,300 -300 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/27/2014 10 17.82 -64,900 -10,600 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/27/2014 10 17.825 -65,700 -800 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/27/2014 10 17.83 -88,600 -22,900 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/27/2014 10 17.835 -104,300 -15,700 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/27/2014 10 17.84 -115,500 -11,200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/27/2014 10 17.845 -116,100 -600 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/27/2014 10 17.85 -133,700 -17,600 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/27/2014 10 17.855 -136,900 -3,200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/27/2014 10 17.86 -143,200 -6,300 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/27/2014 10 17.865 -148,600 -5,400 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/27/2014 10 17.87 -150,300 -1,700 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/28/2014 10 17.82 -150,400 -100 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/28/2014 10 17.82 -150,500 -100 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/28/2014 10 17.82 -150,600 -100 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/28/2014 10 17.81 -150,800 -200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/28/2014 10 17.81 -150,900 -100 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/28/2014 10 17.81 -151,000 -100 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/28/2014 10 17.8 -151,100 -100 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/28/2014 10 17.8 -151,200 -100 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/28/2014 10 17.8 -151,300 -100 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/28/2014 10 17.8 -151,400 -100 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/28/2014 10 17.8 -151,500 -100 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 51 11.36 -1,200 150,300 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 51 11.36 0 1,200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.79 -9,700 -9,700 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.8 -100,300 -90,600 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.81 -105,800 -5,500 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.82 -111,500 -5,700 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.83 -115,300 -3,800 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.835 -115,900 -600 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.84 -116,800 -900 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.845 -118,200 -1,400 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.85 -123,700 -5,500 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.855 -124,900 -1,200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.86 -134,700 -9,800 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.865 -135,500 -800 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.87 -136,800 -1,300 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.875 -137,000 -200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.885 -137,700 -700 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.895 -138,500 -800 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.905 -139,500 -1,000 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.91 -144,400 -4,900 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.915 -144,800 -400

June 5, 2014 (2014), 37 OSCB 5482

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.92 -145,000 -200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.95 -148,000 -3,000 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.97 -151,000 -3,000 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.985 -154,000 -3,000 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 17.995 -156,800 -2,800 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18 -162,000 -5,200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.065 -162,400 -400 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.145 -165,000 -2,600 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.15 -171,000 -6,000 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.25 -178,400 -7,400 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.255 -178,600 -200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.26 -179,600 -1,000 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.27 -180,200 -600 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.3 -183,700 -3,500 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.31 -188,100 -4,400 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.315 -192,400 -4,300 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.32 -200,600 -8,200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.335 -202,500 -1,900 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.34 -203,900 -1,400 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.35 -204,000 -100 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.385 -204,300 -300 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.39 -205,900 -1,600 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.395 -206,300 -400 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.4 -207,100 -800 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.405 -208,700 -1,600 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.41 -209,400 -700 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.42 -210,000 -600 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.43 -210,600 -600 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.44 -210,900 -300 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.445 -211,000 -100 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.45 -212,200 -1,200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.46 -212,400 -200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.47 -214,600 -2,200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.475 -215,100 -500 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.5 -231,100 -16,000 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.505 -231,300 -200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.51 -234,100 -2,800 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.52 -235,500 -1,400 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.525 -236,300 -800 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.53 -236,500 -200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.535 -237,200 -700 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.54 -238,100 -900 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.545 -238,500 -400 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.55 -240,200 -1,700 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.555 -241,900 -1,700 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.56 -244,100 -2,200 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.565 -244,900 -800 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.57 -246,900 -2,000 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.575 -247,500 -600 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.58 -248,900 -1,400 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.585 -250,000 -1,100 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.6 -251,000 -1,000 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.61 -251,100 -100 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/29/2014 10 18.62 -251,500 -400 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/30/2014 51 11.36 -195,000 56,500 Maple Leaf Foods Inc. Common Shares McCain, James Scott 5 5/30/2014 51 11.85 0 195,000 Maple Leaf Foods Inc. Options Employee McCain, James Scott 5 5/29/2014 51 11.36 252,700 -150,300 Maple Leaf Foods Inc. Options Employee McCain, James Scott 5 5/29/2014 51 11.36 251,500 -1,200

June 5, 2014 (2014), 37 OSCB 5483

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Maple Leaf Foods Inc. Options Employee McCain, James Scott 5 5/30/2014 51 11.36 195,000 -56,500 Maple Leaf Foods Inc. Options Employee McCain, James Scott 5 5/30/2014 51 11.85 0 -195,000 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/26/2014 51 11.36 41,200 13,100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.85 31,200 -10,000 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.55 30,700 -500 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.55 30,500 -200 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.55 30,400 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.55 30,300 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.55 30,200 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.55 30,100 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.55 30,000 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.56 29,000 -1,000 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.56 28,900 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.56 28,800 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.56 28,000 -800 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.56 27,900 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.57 27,800 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.57 27,700 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.57 27,600 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.57 27,500 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.47 22,400 -5,100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.47 17,300 -5,100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.47 17,100 -200 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.47 13,100 -4,000 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.47 13,000 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.47 12,900 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.47 12,800 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.47 8,000 -4,800 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.47 7,900 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.47 7,800 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.33 -5,900 -13,700 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.33 -6,000 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.33 -11,700 -5,700 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.33 -11,800 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.33 -11,900 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.33 -12,000 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.33 -12,100 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/27/2014 10 17.33 -12,200 -100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/28/2014 51 11.36 -20,400 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/28/2014 51 11.36 8,200 20,400 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/28/2014 51 11.85 41,200 33,000 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/28/2014 10 17.38 39,200 -2,000 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/28/2014 10 17.4 37,200 -2,000 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/28/2014 10 17.4 34,200 -3,000 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/28/2014 10 17.35 33,100 -1,100 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/28/2014 10 17.35 31,900 -1,200 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/28/2014 10 17.37 29,400 -2,500 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/28/2014 10 17.38 29,200 -200 Maple Leaf Foods Inc. Common Shares Simpson, Deborah Keenan 5 5/30/2014 51 11.85 41,200 12,000 Maple Leaf Foods Inc. Options Employee Simpson, Deborah Keenan 5 5/26/2014 51 11.36 79,400 -13,100 Maple Leaf Foods Inc. Options Employee Simpson, Deborah Keenan 5 5/28/2014 51 11.36 59,000 -20,400 Maple Leaf Foods Inc. Options Employee Simpson, Deborah Keenan 5 5/28/2014 51 11.85 26,000 -33,000 Maple Leaf Foods Inc. Options Employee Simpson, Deborah Keenan 5 5/30/2014 51 11.85 14,000 -12,000 Maple Leaf Foods Inc. Common Shares Stewart, Iain William 5 5/26/2014 00 10,932 Maple Leaf Foods Inc. Rights PSU - Stewart, Iain William 5 5/26/2014 00 9,300 Performance Share Units settled with market shares

June 5, 2014 (2014), 37 OSCB 5484

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Maple Leaf Foods Inc. Rights Restricted Share Stewart, Iain William 5 5/26/2014 00 9,300 Units settled with market shares Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/23/2014 10 17.07 140,442 -2,100 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/23/2014 10 17.16 130,442 -10,000 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/26/2014 10 17.19 130,242 -200 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/26/2014 10 17.19 128,242 -2,000 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.79 126,242 -2,000 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.76 124,342 -1,900 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.79 124,242 -100 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.74 122,242 -2,000 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.78 119,242 -3,000 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.85 116,242 -3,000 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.85 111,242 -5,000 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.85 109,242 -2,000 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.85 107,242 -2,000 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.91 106,542 -700 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.89 106,242 -300 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.74 105,242 -1,000 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.71 103,242 -2,000 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.81 98,442 -4,800 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.41 96,442 -2,000 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.55 94,442 -2,000 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.85 91,642 -2,800 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.84 91,342 -300 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.84 86,642 -4,700 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.79 84,642 -2,000 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/27/2014 10 17.29 79,642 -5,000 Maple Leaf Foods Inc. Common Shares Vels, Michael Harold 5 5/28/2014 51 11.36 149,042 69,400 Maple Leaf Foods Inc. Options Employee Vels, Michael Harold 5 5/28/2014 51 11.36 130,000 -69,400 Marret Resource Corp. Common Shares Davis, Franklin Lorie 4 5/26/2014 51 3.5 15,000 Marret Resource Corp. Common Shares Davis, Franklin Lorie 4 5/26/2014 51 3.5 15,000 Marret Resource Corp. Common Shares Davis, Franklin Lorie 4 5/26/2014 51 3.5 1,658 1,658 Marret Resource Corp. Options Davis, Franklin Lorie 4 5/26/2014 51 15,000 -15,000 Marret Resource Corp. Common Shares Guebert, David Dean 5 5/26/2014 51 3.5 111,642 1,658 Marret Resource Corp. Options Guebert, David Dean 5 5/26/2014 51 3.5 20,000 -15,000 Martinrea International Inc. Options Options to Brush, Kenneth Wayne 5 5/26/2014 51 7 32,500 -2,500 purchase common shares Matachewan Consolidated Common Shares McCloskey, Richard 4, 5 5/28/2014 10 0.15 3,726,000 6,500 Mines, Limited Duncan MATRRIX Energy Options Jespersen, Kent 4 5/27/2014 52 1 99,000 -33,000 Technologies Inc. MATRRIX Energy Options McDougald, Elson John 4 5/27/2014 52 1 150,000 -50,000 Technologies Inc. MATRRIX Energy Options Ryan, Richard Timothy 4, 5 5/27/2014 52 500,000 -100,000 Technologies Inc. MATRRIX Energy Options SEAMAN, DONALD ROY 4 5/26/2014 52 1 99,000 -33,000 Technologies Inc. MATRRIX Energy Options van Bostelen, Robert 5 5/27/2014 52 -83,333 Technologies Inc. Clayton MATRRIX Energy Options van Bostelen, Robert 5 5/27/2014 52 -83,333 Technologies Inc. Clayton MATRRIX Energy Options van Bostelen, Robert 5 5/27/2014 52 350,000 -83,333 Technologies Inc. Clayton MAYA GOLD & SILVER Common Shares Goulet, Guy 4, 5 5/21/2014 30 0.43 1,249,796 300,000 INC. MAYA GOLD & SILVER Common Shares Mokaddem, Noureddine 4, 5 5/21/2014 30 0.43 3,726,062 300,000 INC. MBAC Fertilizer Corp. Common Shares Marrone, Peter 4 5/28/2014 10 0.49 4,605,706 -400,000 MBN Corporation Units Brasseur, Jeremy 6 5/28/2014 11 5.8 768,091 115,291 MCAN Mortgage Common Shares Moskalev, Dmitri 7 5/29/2014 10 2,054 350 Corporation

June 5, 2014 (2014), 37 OSCB 5485

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed MCAN Mortgage Common Shares Sutherland, Ian 3, 4 5/21/2014 10 13.77 1,739,000 2,200 Corporation MCAN Mortgage Common Shares Sutherland, Ian 3, 4 5/23/2014 10 13.94 1,739,900 900 Corporation Medworxx Solutions Inc. Common Shares Goffenberg, Brian 5 5/27/2014 10 0.36 228,000 36,000 Melcor Developments Ltd. Common Shares Rudge, Jesse 5 5/26/2014 10 23.98 2,776 -368 Melcor Real Estate Trust Units Rayburn, Darin Anthony 6 5/28/2014 10 10.3 35,035 3,000 Investment Trust Metallis Resources Inc. Common Shares Sikich, Michael 4 5/27/2014 10 0.105 349,267 5,000 Metallum Resources Inc. Common Shares Planet Mining Exploration 3 5/22/2014 10 0.09 7,326,749 34,000 (formerly Young-Shannon Inc. Gold Mines, Limited) Micromem Technologies Inc. Common Shares Dey, Alex 4 5/29/2014 54 0.206 388,562 -50,000 Micromem Technologies Inc. Common Shares Dey, Alex 4 5/29/2014 54 0.206 438,562 50,000 MicroPlanet Technology Common Shares Andrews, David Wayne 4 5/27/2014 11 0.02 818,678 517,378 Corp. MicroPlanet Technology Warrants Andrews, David Wayne 4 5/27/2014 11 0.02 718,678 517,378 Corp. MicroPlanet Technology Common Shares Foulger, Grahame 4 10/15/2012 00 Corp. MicroPlanet Technology Common Shares Foulger, Grahame 4 5/27/2014 11 0.02 517,378 517,378 Corp. MicroPlanet Technology Warrants Foulger, Grahame 4 10/15/2012 00 Corp. MicroPlanet Technology Warrants Foulger, Grahame 4 5/27/2014 11 0.02 517,378 517,378 Corp. MicroPlanet Technology Common Shares Garth, Edward 5 5/27/2014 11 0.02 3,338,073 1,379,675 Corp. MicroPlanet Technology Warrants Garth, Edward 5 5/27/2014 11 0.02 2,928,073 1,379,675 Corp. MicroPlanet Technology Common Shares Richardson, Alan Haines 4 5/27/2014 11 1,610,432 517,378 Corp. MicroPlanet Technology Warrants Richardson, Alan Haines 4 5/27/2014 11 0.02 1,129,003 517,378 Corp. Middlefield Can-Global REIT Trust Units Middlefield Can-Global 1 5/22/2014 38 10.3 2,408,645 2,003,745 Income Fund REIT Income Fund MINT Income Fund Trust Units MINT Income Fund 1 5/28/2014 38 10.7 46,972,903 800 Mitel Networks Corporation Common Shares Arsenal HoldCo I, S.a.r.l., 3 5/28/2014 15 12.3 11,548,508 -2,959,760 (Arsenal) Mitel Networks Corporation Common Shares Arsenal HoldCo II, S.a.r.l., 3 5/28/2014 15 12.3 4,449,037 -1,140,240 (Arsenal) Mitel Networks Corporation Common Shares Ball, Benjamin 4, 6 5/28/2014 15 12.3 11,548,508 -2,959,760 Mitel Networks Corporation Common Shares Ball, Benjamin 4, 6 5/28/2014 15 12.3 4,449,037 -1,140,240 Mitel Networks Corporation Options Ball, Benjamin 4, 6 5/20/2014 50 10.83 3,856 Mitel Networks Corporation Options Ball, Benjamin 4, 6 5/20/2014 50 10.83 359,145 6,828 Mitel Networks Corporation Common Shares Kanata Research Park 3 5/28/2014 15 12.3 9,780,610 -2,300,000 Corporation Mitel Networks Corporation Common Shares Kowal, Andrew 4, 6 5/28/2014 15 12.3 11,548,508 -2,959,760 Mitel Networks Corporation Common Shares Kowal, Andrew 4, 6 5/28/2014 15 12.3 4,449,037 -1,140,240 Mitel Networks Corporation Options Kowal, Andrew 4, 6 5/20/2014 50 10.83 2,972 Mitel Networks Corporation Options Kowal, Andrew 4, 6 5/20/2014 50 10.83 359,145 6,828 Mitel Networks Corporation Common Shares Matthews, Terence Hedley 3, 4, 5 4/29/2010 00 9,780,610 Mitel Networks Corporation Common Shares McCarthy, Douglas Kevin 5 5/28/2014 51 8.79 9,375 9,375 Mitel Networks Corporation Common Shares McCarthy, Douglas Kevin 5 5/28/2014 10 11.2 0 -9,375 Mitel Networks Corporation Options McCarthy, Douglas Kevin 5 5/28/2014 51 8.79 39,375 -9,375 Mitel Networks Corporation Common Shares Shen, Anthony Pius 4, 5 5/23/2014 10 11.85 1,085,294 -87,000 Mitel Networks Corporation Common Shares Shen, Francis Nelson 4, 5 5/28/2014 15 12.3 1,485,999 -1,000,000 Moag Copper Gold Common Shares Jones, Bradley Leonard 3, 4, 5 5/26/2014 10 0.04 9,763,000 5,000 Resources Inc. Mooncor Oil & Gas Corp. Options (Incentive Stock DiGenova, Mario 4 5/14/2014 52 188,750 -75,000 (formerly DVD Investments Options) Limited) Morguard Real Estate Units Morguard Corporation 3 5/28/2014 10 17.47 1,963,270 87,250 Investment Trust

June 5, 2014 (2014), 37 OSCB 5486

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Morguard Real Estate Units Morguard Corporation 3 5/28/2014 10 17.473 1,970,970 7,700 Investment Trust Morneau Shepell Inc. Common Shares Chamberland, Pierre 5 5/26/2014 10 16.942 97,028 -15,000 Mountain Province Common Shares evans, patrick charles 4, 5 5/29/2014 10 4.61 1,330,555 6,500 Diamonds Inc. MPH Ventures Corp. Options Chow, Amanda 4 5/28/2014 52 0.11 0 -50,000 MPH Ventures Corp. Options Huston, Donald Carl 4 5/28/2014 52 0.11 0 -150,000 MPH Ventures Corp. Options Myers, Donald George 5 5/28/2014 52 0.11 0 -150,000 MPH Ventures Corp. Options PETTIT, JIM, GAYDON 4 5/28/2014 52 0.11 0 -200,000 MRF 2014 Resource Limited Limited Partnership Units Brasseur, Jeremy 6 5/29/2014 11 25 28,230 -9,920 Partnership MRF 2014 Resource Limited Limited Partnership Units Brasseur, Jeremy 6 5/29/2014 11 25 1,920 1,920 Partnership MRF 2014 Resource Limited Limited Partnership Units Brasseur, Jeremy 6 5/29/2014 11 24.125 0 -1,920 Partnership MRF 2014 Resource Limited Limited Partnership Units Brasseur, Jeremy 6 4/29/2014 00 Partnership MRF 2014 Resource Limited Limited Partnership Units Brasseur, Jeremy 6 5/29/2014 11 25 8,000 8,000 Partnership National Bank of Canada Common Shares Parent, Ghislain 5 5/29/2014 10 45.245 6,000 3,000 Nemaska Lithium Inc. Options achat d'actions Baril, Michel 4 5/27/2014 50 0.1 1,038,252 50,000 Nemaska Lithium Inc. Options achat d'actions Baril, Michel 4 5/28/2014 50 0.1 50,000 Nemaska Lithium Inc. Options achat d'actions Bourassa, guy georges 4, 5 5/27/2014 50 0.1 1,404,000 50,000 Nemaska Lithium Inc. Options achat d'actions Couture, Paul-Henri 4 5/27/2014 50 100,000 50,000 Nemaska Lithium Inc. Options achat d'actions Gao, Bangkui 4 5/27/2014 50 0.1 150,000 50,000 Nemaska Lithium Inc. Options achat d'actions lessard, rené 4 5/27/2014 50 0.1 698,625 50,000 Nemaska Lithium Inc. Options achat d'actions Nadeau, Steve 5 5/27/2014 50 0.1 697,825 50,000 Nemaska Lithium Inc. Options achat d'actions Wu, Wei 4 5/27/2014 50 0.1 150,000 50,000 Neptune Technologies & Common Shares Sampalis, Fotini 5 1/11/2014 10 3.28 -8,200 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/11/2014 10 3.35 -400 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/11/2014 10 3.3525 525,150 -400 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/11/2014 10 3.35 -2,900 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/11/2014 10 3.3552 522,250 -2,900 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/12/2014 10 3.28 -8,200 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/12/2014 10 3.28 -800 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/12/2014 10 3.2813 521,450 -800 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/12/2014 10 3.28 -800 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/12/2014 10 3.285 520,450 -800 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/12/2014 10 3.28 -1,000 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/12/2014 10 3.282 519,450 -1,000 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/12/2014 10 3.28 -4,200 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/12/2014 10 3.2793 514,050 -4,200 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/13/2014 10 3.31 -7,700 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/13/2014 10 3.3123 504,650 -7,700 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/18/2014 10 3.35 -4,000 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/18/2014 10 3.3525 497,650 -4,000 Bioressources Inc.

June 5, 2014 (2014), 37 OSCB 5487

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Neptune Technologies & Common Shares Sampalis, Fotini 5 2/21/2014 10 3.45 -1,000 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/21/2014 10 3.451 489,650 -1,000 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/26/2014 10 3.6 -11,900 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/26/2014 10 3.59 -1,600 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/26/2014 10 3.5938 486,550 -1,600 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/26/2014 10 3.6 -1,200 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/26/2014 10 3.6033 485,250 -1,200 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/26/2014 10 3.6 -9,000 Bioressources Inc. Neptune Technologies & Common Shares Sampalis, Fotini 5 2/26/2014 10 3.5993 476,250 -9,000 Bioressources Inc. Nevada Sunrise Gold Common Shares Brent, Petterson 5 5/26/2014 10 1.05 87,500 -2,500 Corporation Nevada Sunrise Gold Options Kent, Cory Harrison 4 5/20/2014 50 322,500 100,000 Corporation New Gold Inc. Common Shares Lassonde, Pierre 4 5/27/2014 10 5.55 1,649,100 28,900 New Gold Inc. Common Shares Lassonde, Pierre 4 5/28/2014 10 5.45 1,656,600 7,500 New Gold Inc. Common Shares Lassonde, Pierre 4 5/28/2014 10 5.46 1,666,100 9,500 New Gold Inc. Common Shares Lassonde, Pierre 4 5/28/2014 10 5.475 1,666,300 200 New Gold Inc. Common Shares Lassonde, Pierre 4 5/28/2014 10 5.48 1,715,100 48,800 New Gold Inc. Common Shares Lassonde, Pierre 4 5/28/2014 10 5.485 1,716,100 1,000 New Gold Inc. Common Shares Lassonde, Pierre 4 5/28/2014 10 5.49 1,788,800 72,700 New Gold Inc. Common Shares Lassonde, Pierre 4 5/28/2014 10 5.495 1,825,800 37,000 New Gold Inc. Common Shares Lassonde, Pierre 4 5/28/2014 10 5.5 1,874,100 48,300 New Gold Inc. Common Shares Lassonde, Pierre 4 5/28/2014 10 5.505 1,875,100 1,000 New Gold Inc. Common Shares Lassonde, Pierre 4 5/28/2014 10 5.51 1,924,100 49,000 New Gold Inc. Common Shares Lassonde, Pierre 4 5/28/2014 10 5.515 1,924,900 800 New Gold Inc. Common Shares Lassonde, Pierre 4 5/28/2014 10 5.52 1,949,100 24,200 New Gold Inc. Common Shares Lassonde, Pierre 4 5/28/2014 10 5.53 1,969,100 20,000 New Gold Inc. Common Shares Lassonde, Pierre 4 5/28/2014 10 5.55 1,995,000 25,900 New Gold Inc. Notes 7% Senior Notes Lassonde, Pierre 4 5/28/2014 10 $1,000,000 ($1,000,000) New Gold Inc. Notes 7% Senior Notes Lassonde, Pierre 4 5/29/2014 10 105.5 $0 ($1,000,000) New Millennium Iron Corp. Options Biswas, Sandip 4 5/21/2014 50 0.44 320,000 70,000 New Millennium Iron Corp. Options Bose, Dibyendu 4 12/6/2013 00 New Millennium Iron Corp. Options Bose, Dibyendu 4 5/21/2014 50 0.44 70,000 70,000 New Millennium Iron Corp. Options Chatterjee, Koushik 4 12/3/2013 00 New Millennium Iron Corp. Options Chatterjee, Koushik 4 5/21/2014 50 0.44 70,000 70,000 New Millennium Iron Corp. Options Journeaux, Howaith Dean 4 5/21/2014 50 0.44 2,961,966 275,000 New Millennium Iron Corp. Options Nichols, Lee Clifford Gray 3, 4, 5 5/21/2014 50 0.44 772,500 122,500 New Millennium Iron Corp. Options Schindler, John Norman 4, 5 5/21/2014 50 0.44 595,000 70,000 Newalta Corporation Common Shares Riddell Rose, Susan 4 5/21/2014 51 3.81 21,100 12,500 Newalta Corporation Options Riddell Rose, Susan 4 5/21/2014 51 3.81 62,500 -12,500 Newnote Financial Corp. Common Shares Dick, Harvey D 3, 4, 5 5/28/2014 10 0.48 2,383,000 -55,000 Newnote Financial Corp. Common Shares Dick, Harvey D 3, 4, 5 5/30/2014 11 0.1 2,683,000 300,000 Newnote Financial Corp. Warrants Dick, Harvey D 3, 4, 5 5/30/2014 11 75,000 -300,000 Newnote Financial Corp. Common Shares Gusko, Brian 4 5/26/2014 10 0.47 191,000 1,000 Newnote Financial Corp. Common Shares PAUL, DICKSON 3, 4, 1, 5 5/28/2014 10 0.47 2,159,000 -90,000 Newnote Financial Corp. Common Shares PAUL, DICKSON 3, 4, 1, 5 5/30/2014 51 0.1 -250,000 Newnote Financial Corp. Common Shares PAUL, DICKSON 3, 4, 1, 5 5/30/2014 51 0.1 -250,000 Newnote Financial Corp. Common Shares PAUL, DICKSON 3, 4, 1, 5 5/30/2014 11 0.1 2,409,000 250,000 Newnote Financial Corp. Warrants PAUL, DICKSON 3, 4, 1, 5 5/30/2014 54 100,000 -250,000 NexGen Energy Ltd. Options Parry, Craig Andrew 4 5/23/2014 50 0.4 800,000 500,000 NexGen Financial Incentive Share Units Goenka, Abhishek 7, 5 7/15/2011 00 Corporation under Incentive Share Unit Plan

June 5, 2014 (2014), 37 OSCB 5488

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed NexGen Financial Incentive Share Units Goenka, Abhishek 7, 5 5/26/2014 97 30,000 30,000 Corporation under Incentive Share Unit Plan NexGen Financial Incentive Share Units Lincoln, Patrick Clifford 7, 5 7/15/2011 00 Corporation under Incentive Share Albert Unit Plan NexGen Financial Incentive Share Units Lincoln, Patrick Clifford 7, 5 5/26/2014 97 20,000 20,000 Corporation under Incentive Share Albert Unit Plan NexGen Financial Incentive Share Units Young, Jeffrey 7, 5 7/15/2011 00 Corporation under Incentive Share Unit Plan NexGen Financial Incentive Share Units Young, Jeffrey 7, 5 5/26/2014 97 30,000 30,000 Corporation under Incentive Share Unit Plan NGEx Resources Inc. Common Shares Lundin, Lukas Henrik 4, 5 5/23/2014 10 1.95 1,611,844 46,100 NGEx Resources Inc. Common Shares Lundin, Lukas Henrik 4, 5 5/26/2014 10 1.95 1,651,844 40,000 Noble Mineral Exploration Options Bovaird, James Birks 4 4/12/2014 52 675,000 -75,000 Inc. (formerly Ring of Fire Resources Inc.) Noble Mineral Exploration Options Bovaird, James Birks 4 4/28/2014 52 561,000 -114,000 Inc. (formerly Ring of Fire Resources Inc.) Noble Mineral Exploration Options Chabot, Gaetan Denis 5 4/12/2014 52 701,000 -50,000 Inc. (formerly Ring of Fire Resources Inc.) Noble Mineral Exploration Options Chabot, Gaetan Denis 5 4/28/2014 52 601,000 -100,000 Inc. (formerly Ring of Fire Resources Inc.) Noble Mineral Exploration Options McKinnon, Gordon Scott 4 4/28/2014 52 372,000 -128,000 Inc. (formerly Ring of Fire Townsend Resources Inc.) Noble Mineral Exploration Options Newbury, Michael 4 4/12/2014 52 675,000 -75,000 Inc. (formerly Ring of Fire Resources Inc.) Noble Mineral Exploration Options Newbury, Michael 4 4/28/2014 52 581,000 -94,000 Inc. (formerly Ring of Fire Resources Inc.) Noble Mineral Exploration Options Singh, Randy Sahadeo 5 4/12/2014 52 1,332,000 -100,000 Inc. (formerly Ring of Fire Chandrika Resources Inc.) Noble Mineral Exploration Options Singh, Randy Sahadeo 5 4/28/2014 52 1,132,000 -200,000 Inc. (formerly Ring of Fire Chandrika Resources Inc.) North American Nickel Inc. Common Shares B.W.N. Oil Technologies 8 5/16/2014 00 215,000 Inc. North American Nickel Inc. Common Shares B.W.N. Oil Technologies 8 5/16/2014 10 0.3816 55,000 -160,000 Inc. North American Nickel Inc. Common Shares B.W.N. Oil Technologies 8 5/29/2014 16 0.33 207,000 152,000 Inc. North American Nickel Inc. Common Shares Sentient Executive GP IV, 3 5/29/2014 16 0.33 69,866,523 11,739,425 Limited (for the general partner of Sentient Global Resources Fund IV, L.P.) Northern Frontier Corp. Common Shares Jacobs, John 4 9/27/2013 15 3.5 43,000 (formerly Frontier Acquisition Corp.) Northern Frontier Corp. Common Shares Jacobs, John 4 9/27/2013 15 3.5 71,500 21,500 (formerly Frontier Acquisition Corp.) Northern Power Systems Options Willey, Lawrence Donald 5 5/26/2014 00 Corp. (formerly Mira III Acquisition Corp.) Northern Power Systems Options Willey, Lawrence Donald 5 5/28/2014 50 100,000 100,000 Corp. (formerly Mira III Acquisition Corp.) Northern Property Real Trust Units (Traded as McGinley, Christine Ellen 4 5/30/2014 10 27.2 2,670 915 Estate Investment Trust Stapled Units) Northern Property Real Trust Units (Traded as Palmer, Robert James 5 5/26/2014 10 27.2 3,500 322 Estate Investment Trust Stapled Units)

June 5, 2014 (2014), 37 OSCB 5489

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Northern Spirit Resources Common Shares Cheung, Paul Kwong Shun 4 5/5/2014 10 0.075 7,434,666 18,000 Inc. Northern Spirit Resources Common Shares Cheung, Paul Kwong Shun 4 5/6/2014 10 0.075 350,000 Inc. Northern Spirit Resources Common Shares Cheung, Paul Kwong Shun 4 5/6/2014 10 0.07 7,716,666 282,000 Inc. Northern Spirit Resources Common Shares Cheung, Paul Kwong Shun 4 5/16/2014 10 0.07 7,996,666 235,000 Inc. Northern Spirit Resources Common Shares Cheung, Paul Kwong Shun 4 5/26/2014 10 0.065 8,095,666 38,000 Inc. Northland Power Inc. Common Shares Anderson, Anthony Frank 5 5/23/2014 10 1,076,823 -1,254 Northland Power Inc. Common Shares Brace, John Wycliffe 5 5/23/2014 10 1,449,954 -1,456 Northland Power Inc. Common Shares Bradley, Paul 5 5/23/2014 10 46,957 -1,061 Northland Power Inc. Common Shares Cipolla, Gemi 5 5/23/2014 10 287,187 -746 Northland Power Inc. Common Shares Dougall, David George 5 5/23/2014 10 347,774 -738 Northland Power Inc. Common Shares Gliosca, Dino 5 5/23/2014 10 543,212 -812 Northland Power Inc. Common Shares mantenuto, salvatore 5 5/23/2014 10 988,949 -1,254 Northland Power Inc. Common Shares Shadbolt, Michael 5 5/23/2014 10 1,226 -1,061 Northland Power Inc. Common Shares Shadbolt, Michael 5 5/26/2014 10 613 -613 NorthWest International Trust Units Dalla Lana, Paul 4, 5 5/22/2014 47 2.05 10,584,135 -780,488 Healthcare Properties Real Estate Investment Trust NovaCopper Inc. Options Arrangement Iley, Sacha Amela 5 5/28/2014 52 289,250 -151,250 Options NovaCopper Inc. Common Shares Lang, Gregory Anthony 4 2/12/2014 57 33,806 14,166 NovaCopper Inc. Rights NovaGold PSUs Lang, Gregory Anthony 4 2/12/2014 57 0 -100,000 NovaCopper Inc. Options Arrangement Levental, Igor 4 5/28/2014 52 281,334 -150,000 Options NovaCopper Inc. Options Arrangement Madhavpeddi, Kalidas 4 5/28/2014 52 333,000 -150,000 Options NovaCopper Inc. Options Arrangement McConnell, Gerald James 4 5/28/2014 52 3.52 388,508 -150,000 Options NovaCopper Inc. Options Arrangement Nauman, Clynton R. 4 5/28/2014 52 2.8 383,000 -150,000 Options NovaCopper Inc. Options Arrangement Sanders, Elaine 5 5/28/2014 52 2.8 401,050 -146,250 Options NovaCopper Inc. Options Arrangement Van Nieuwenhuyse, Rick 5 5/28/2014 52 2.8 1,339,282 -1,185,350 Options NOVAGOLD RESOURCES Options Levental, Igor 4 5/28/2014 52 4.78 487,100 -150,000 INC. NOVAGOLD RESOURCES Options Madhavpeddi, Kalidas 4 5/28/2014 52 4.78 622,100 -150,000 INC. NOVAGOLD RESOURCES Options McConnell, Gerald James 4 5/28/2014 52 4.78 547,550 -150,000 INC. NOVAGOLD RESOURCES Options Nauman, Clynton R. 4 5/28/2014 52 4.78 642,050 -150,000 INC. NOVAGOLD RESOURCES Options Van Nieuwenhuyse, Rick 4, 5 5/28/2014 52 4.78 1,898,350 -1,185,350 INC. NUVISTA ENERGY LTD. Common Shares Andreachuk, Ross Lloyd 5 3/27/2014 10 -11,666 NUVISTA ENERGY LTD. Common Shares Andreachuk, Ross Lloyd 5 3/27/2014 10 -11,666 NUVISTA ENERGY LTD. Options Andreachuk, Ross Lloyd 5 3/27/2014 51 9.19 -11,666 NUVISTA ENERGY LTD. Options Andreachuk, Ross Lloyd 5 3/27/2014 59 9.19 263,072 -11,666 NUVISTA ENERGY LTD. Options Andreachuk, Ross Lloyd 5 3/27/2014 51 11,666 NUVISTA ENERGY LTD. Options Andreachuk, Ross Lloyd 5 3/27/2014 51 11,666 NUVISTA ENERGY LTD. Common Shares Burton, Craig 5 3/10/2014 51 14,700 NUVISTA ENERGY LTD. Common Shares Burton, Craig 5 3/10/2014 51 14,700 NUVISTA ENERGY LTD. Common Shares Burton, Craig 5 3/10/2014 10 -14,700 NUVISTA ENERGY LTD. Common Shares Burton, Craig 5 3/10/2014 10 -14,700 NUVISTA ENERGY LTD. Common Shares Burton, Craig 5 3/19/2014 51 966 NUVISTA ENERGY LTD. Common Shares Burton, Craig 5 3/19/2014 51 966 NUVISTA ENERGY LTD. Common Shares Burton, Craig 5 3/19/2014 51 4,700 NUVISTA ENERGY LTD. Common Shares Burton, Craig 5 3/19/2014 51 4,700 NUVISTA ENERGY LTD. Common Shares Burton, Craig 5 4/2/2014 10 -6,000

June 5, 2014 (2014), 37 OSCB 5490

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed NUVISTA ENERGY LTD. Common Shares Burton, Craig 5 4/2/2014 10 -6,000 NUVISTA ENERGY LTD. Options Burton, Craig 5 3/10/2014 51 7.92 -14,700 NUVISTA ENERGY LTD. Options Burton, Craig 5 3/10/2014 59 7.92 284,830 -14,700 NUVISTA ENERGY LTD. Options Burton, Craig 5 3/19/2014 51 5.41 -966 NUVISTA ENERGY LTD. Options Burton, Craig 5 3/19/2014 59 5.41 277,364 -966 NUVISTA ENERGY LTD. Options Burton, Craig 5 3/19/2014 10 8.87 -966 NUVISTA ENERGY LTD. Options Burton, Craig 5 3/19/2014 10 8.87 -966 NUVISTA ENERGY LTD. Options Burton, Craig 5 3/19/2014 51 5.41 -4,700 NUVISTA ENERGY LTD. Options Burton, Craig 5 3/19/2014 59 5.41 272,664 -4,700 NUVISTA ENERGY LTD. Options Burton, Craig 5 3/19/2014 10 8.88 -4,700 NUVISTA ENERGY LTD. Options Burton, Craig 5 3/19/2014 10 8.88 -4,700 NUVISTA ENERGY LTD. Options Burton, Craig 5 4/2/2014 51 5.41 -6,000 NUVISTA ENERGY LTD. Options Burton, Craig 5 4/2/2014 59 5.41 266,664 -6,000 NUVISTA ENERGY LTD. Options Burton, Craig 5 4/2/2014 51 6,000 NUVISTA ENERGY LTD. Options Burton, Craig 5 4/2/2014 51 6,000 NUVISTA ENERGY LTD. Common Shares Froese, Robert 5 4/9/2014 10 -11,000 NUVISTA ENERGY LTD. Common Shares Froese, Robert 5 4/9/2014 10 -11,000 NUVISTA ENERGY LTD. Options Froese, Robert 5 4/9/2014 51 -11,000 NUVISTA ENERGY LTD. Options Froese, Robert 5 4/9/2014 59 419,722 -11,000 NUVISTA ENERGY LTD. Options Froese, Robert 5 4/9/2014 51 11,000 NUVISTA ENERGY LTD. Options Froese, Robert 5 4/9/2014 51 11,000 NUVISTA ENERGY LTD. Options Froese, Robert 5 4/11/2014 51 -46,907 NUVISTA ENERGY LTD. Options Froese, Robert 5 4/11/2014 51 -46,907 NUVISTA ENERGY LTD. Options Froese, Robert 5 4/11/2014 51 46,907 NUVISTA ENERGY LTD. Options Froese, Robert 5 4/11/2014 51 46,907 NUVISTA ENERGY LTD. Options Froese, Robert 5 4/11/2014 10 -46,907 NUVISTA ENERGY LTD. Options Froese, Robert 5 4/11/2014 59 372,815 -46,907 NUVISTA ENERGY LTD. Common Shares McDavid, Douglas 5 4/2/2014 10 -12,000 Christopher NUVISTA ENERGY LTD. Common Shares McDavid, Douglas 5 4/2/2014 10 -12,000 Christopher NUVISTA ENERGY LTD. Common Shares McDavid, Douglas 5 4/7/2014 10 -3,666 Christopher NUVISTA ENERGY LTD. Common Shares McDavid, Douglas 5 4/7/2014 59 60,127 -3,666 Christopher NUVISTA ENERGY LTD. Options McDavid, Douglas 5 4/2/2014 51 7.92 -12,000 Christopher NUVISTA ENERGY LTD. Options McDavid, Douglas 5 4/2/2014 59 7.92 336,480 -12,000 Christopher NUVISTA ENERGY LTD. Options McDavid, Douglas 5 4/2/2014 51 12,000 Christopher NUVISTA ENERGY LTD. Options McDavid, Douglas 5 4/2/2014 51 12,000 Christopher NUVISTA ENERGY LTD. Options McDavid, Douglas 5 4/7/2014 51 3,666 Christopher NUVISTA ENERGY LTD. Options McDavid, Douglas 5 4/7/2014 51 3,666 Christopher NUVISTA ENERGY LTD. Common Shares Truba, Joshua Thomas 5 3/27/2014 10 -12,366 NUVISTA ENERGY LTD. Common Shares Truba, Joshua Thomas 5 3/27/2014 10 -12,366 NUVISTA ENERGY LTD. Options Truba, Joshua Thomas 5 3/27/2014 51 -12,366 NUVISTA ENERGY LTD. Options Truba, Joshua Thomas 5 3/27/2014 59 259,780 -12,366 NUVISTA ENERGY LTD. Options Truba, Joshua Thomas 5 3/27/2014 51 12,366 NUVISTA ENERGY LTD. Options Truba, Joshua Thomas 5 3/27/2014 51 12,366 Oceanus Resources Common Shares Lindsey, John Kevin 4 4/21/2014 11 0.22 296,818 181,818 Corporation Offsetters Climate Solutions Common Shares Schattney, Georg 4, 6 2/17/2010 00 Inc. Offsetters Climate Solutions Common Shares Zang, Alexander 3, 4 2/17/2010 00 Inc. Olympia Financial Group Inc. Common Shares Fry, Robin 5 5/22/2014 10 39.95 7,200 -100 Oncolytics Biotech Inc. Options Coffey, Matthew 5 5/28/2014 52 8.1 866,333 -20,000 Oncolytics Biotech Inc. Options Dinning, James Francis 4 5/28/2014 52 8.1 202,500 -5,000

June 5, 2014 (2014), 37 OSCB 5491

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Oncolytics Biotech Inc. Options Gill, George McClung 5 5/28/2014 52 8.1 224,167 -7,500 Oncolytics Biotech Inc. Options Lievonen, John Mark 4 5/28/2014 52 8.1 202,500 -5,000 Oncolytics Biotech Inc. Options Look, Kirk 5 5/28/2014 52 8.1 498,700 -15,000 Oncolytics Biotech Inc. Options SCHULTZ, ROBERT 4 5/28/2014 52 8.1 376,500 -5,000 Oncolytics Biotech Inc. Options Stewart, Fred 4 5/28/2014 52 8.1 256,500 -5,000 Oncolytics Biotech Inc. Options Thompson, Bradley 4, 5 5/28/2014 52 8.1 1,622,160 -30,000 Open Text Corporation Common Shares OTEX McFeeters, Paul 5 5/30/2014 10 50.474 100,000 -40,000 Common Oracle Mining Corp. Options Chan, Ampere On Pui 5 5/27/2014 50 0.2 750,000 200,000 Oracle Mining Corp. Options Edwards, Alan R. 4 5/27/2014 50 0.2 400,000 250,000 Oracle Mining Corp. Options Francis, Kevin Albert 5 5/27/2014 50 0.2 500,000 300,000 Oracle Mining Corp. Options Mercier, Jason Alexander 5 5/27/2014 50 0.2 350,000 175,000 James Oracle Mining Corp. Options Tardif, Michel 4 5/27/2014 50 0.2 320,000 150,000 Oracle Mining Corp. Options Wu, Xuanren 4 11/12/2013 00 Oracle Mining Corp. Options Wu, Xuanren 4 5/27/2014 50 0.2 100,000 100,000 Orbite Aluminae Inc. Actions Classe A Crossgrove, Peter 4 5/21/2013 00 Alexander Orbite Aluminae Inc. Actions Classe A Crossgrove, Peter 4 5/27/2014 10 0.2958 100,000 100,000 Alexander Orbite Aluminae Inc. Actions Classe A Lamoureux, Claude 4 5/29/2014 10 0.32 140,000 70,000 Orbite Aluminae Inc. Actions Classe A Ressources Québec inc. 3 5/27/2014 00 Orbite Aluminae Inc. Actions Classe A Ressources Québec inc. 3 5/27/2014 00 Orbite Aluminae Inc. Actions Classe A Ressources Québec inc. 3 5/27/2014 16 0.28 35,714,286 Orbite Aluminae Inc. Actions Classe A Ressources Québec inc. 3 5/27/2014 16 0.28 35,714,286 Orbite Aluminae Inc. Actions Classe A Ressources Québec inc. 3 5/27/2014 00 Orbite Aluminae Inc. Actions Classe A Ressources Québec inc. 3 5/27/2014 16 0.28 35,714,286 35,714,286 Orbite Aluminae Inc. Warrants Ressources Québec inc. 3 5/27/2014 00 Orbite Aluminae Inc. Warrants Ressources Québec inc. 3 5/27/2014 16 17,857,143 17,857,143 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 5/23/2014 10 0.22 6,500 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 5/23/2014 10 0.22 1,890,000 -884,600 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 3/26/2014 10 0.25 -542,000 OREX MINERALS INC. Common Shares Cope, Gary Gordon 5 3/26/2014 10 0.25 7,371,900 -318,700 Orezone Gold Corporation Common Shares Miller, Tim Lee 5 5/21/2014 00 Orezone Gold Corporation Options Miller, Tim Lee 5 5/21/2014 00 Orezone Gold Corporation Options Miller, Tim Lee 5 5/26/2014 50 0.65 300,000 300,000 Pacific Insight Electronics Options McKinney, J. Cowan 4 5/22/2014 50 4.06 125,000 15,000 Corp. Pacific Insight Electronics Options McLaughlin, Stuart 4 5/22/2014 50 4.06 110,000 15,000 Corp. Pacific Insight Electronics Options Sutherland, Gary B. 4 5/22/2014 50 4.06 110,000 15,000 Corp. Pacific North West Capital Common Shares Barr, Harry 4, 5 5/21/2014 10 0.065 2,677,222 30,000 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/20/2014 00 15,862,700 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 20 16,037,500 174,800 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.99 16,058,700 21,200 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.98 16,081,600 22,900 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.97 16,117,400 35,800 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.96 16,139,000 21,600 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.95 16,181,500 42,500 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.94 16,208,800 27,300 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.93 16,226,200 17,400 Corp.

June 5, 2014 (2014), 37 OSCB 5492

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.92 16,228,100 1,900 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.91 16,278,100 50,000 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.9 16,353,900 75,800 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.89 16,360,500 6,600 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.88 16,362,300 1,800 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.87 16,364,700 2,400 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.86 16,365,800 1,100 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.85 16,462,700 96,900 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.84 16,558,700 96,000 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.83 16,563,900 5,200 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.82 16,565,400 1,500 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.81 16,572,800 7,400 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.8 16,577,800 5,000 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.5 16,610,300 32,500 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.49 16,618,700 8,400 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.48 16,625,700 7,000 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.47 16,631,300 5,600 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.46 16,632,800 1,500 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.45 16,633,300 500 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.44 16,636,200 2,900 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.43 16,636,900 700 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.42 16,638,300 1,400 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.41 16,639,000 700 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.4 16,639,700 700 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/22/2014 10 19.39 16,640,000 300 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/23/2014 10 20 16,886,200 246,200 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/23/2014 10 19.99 16,924,500 38,300 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/23/2014 10 19.98 17,138,100 213,600 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/23/2014 10 19.97 17,154,100 16,000 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/23/2014 10 19.96 17,164,700 10,600 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/23/2014 10 19.95 17,168,700 4,000 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/23/2014 10 19.94 17,170,400 1,700 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/23/2014 10 19.93 17,170,900 500 Corp.

June 5, 2014 (2014), 37 OSCB 5493

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/23/2014 10 19.92 17,172,200 1,300 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/23/2014 10 19.91 17,173,200 1,000 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/23/2014 10 19.9 17,182,800 9,600 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 19.955 17,182,900 100 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 19.96 17,183,200 300 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 19.97 17,183,300 100 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 19.975 17,183,500 200 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 19.98 17,185,900 2,400 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 19.99 17,187,900 2,000 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20 17,209,200 21,300 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.01 17,209,700 500 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.02 17,212,000 2,300 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.03 17,214,300 2,300 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.035 17,214,500 200 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.04 17,216,900 2,400 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.045 17,271,900 55,000 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.05 17,275,200 3,300 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.06 17,278,000 2,800 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.07 17,280,900 2,900 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.08 17,283,800 2,900 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.09 17,289,300 5,500 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.095 17,289,700 400 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.1 17,320,100 30,400 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.11 17,322,500 2,400 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.115 17,325,000 2,500 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.12 17,335,400 10,400 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.13 17,342,400 7,000 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.14 17,344,000 1,600 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.15 17,360,300 16,300 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.155 17,360,700 400 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.16 17,362,700 2,000 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.165 17,362,800 100 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.17 17,371,700 8,900 Corp.

June 5, 2014 (2014), 37 OSCB 5494

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.175 17,372,800 1,100 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.18 17,379,500 6,700 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.185 17,380,700 1,200 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.19 17,399,500 18,800 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.195 17,408,000 8,500 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/27/2014 10 20.2 17,586,800 178,800 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.175 17,587,600 800 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.18 17,590,900 3,300 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.19 17,593,900 3,000 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.2 17,597,600 3,700 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.21 17,598,600 1,000 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.22 17,599,500 900 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.23 17,599,800 300 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.235 17,603,000 3,200 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.24 17,604,200 1,200 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.25 17,607,800 3,600 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.26 17,609,200 1,400 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.27 17,609,400 200 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.275 17,609,500 100 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.28 17,609,800 300 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.285 17,610,000 200 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.29 17,613,100 3,100 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.295 17,614,400 1,300 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.3 17,629,700 15,300 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.305 17,630,000 300 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.31 17,630,100 100 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.33 17,631,700 1,600 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.34 17,632,200 500 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.345 17,633,300 1,100 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.35 17,633,700 400 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/28/2014 10 20.4 17,642,700 9,000 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/29/2014 10 20.37 17,643,100 400 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/29/2014 10 20.38 17,643,200 100 Corp.

June 5, 2014 (2014), 37 OSCB 5495

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/29/2014 10 20.39 17,643,700 500 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/29/2014 10 20.4 17,647,600 3,900 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/29/2014 10 20.47 17,647,700 100 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/29/2014 10 20.48 17,651,600 3,900 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/29/2014 10 20.485 17,652,600 1,000 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/29/2014 10 20.49 17,661,700 9,100 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/29/2014 10 20.495 17,663,400 1,700 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/29/2014 10 20.5 17,721,500 58,100 Corp. Pacific Rubiales Energy Common Shares ALFA, S.A.B. de C.V. 3 5/20/2014 00 15,575,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 51 13.09 87,000 87,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 14.08 60,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 14.08 60,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 51 14.08 147,000 60,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 19.9 145,000 -2,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 19.91 143,000 -2,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 19.92 141,000 -2,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 19.94 140,000 -1,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 19.95 137,000 -3,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 19.96 132,000 -5,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 19.97 131,000 -1,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 19.98 127,000 -4,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20 102,600 -24,400 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.005 102,000 -600 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.01 94,100 -7,900 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.02 74,200 -19,900 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.025 73,900 -300 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.03 55,100 -18,800 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.04 41,000 -14,100 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.05 34,000 -7,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.06 32,100 -1,900 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.065 31,900 -200 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.07 23,000 -8,900 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.08 19,000 -4,000 Corp.

June 5, 2014 (2014), 37 OSCB 5496

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.09 17,500 -1,500 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.1 13,000 -4,500 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.11 8,400 -4,600 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.12 6,400 -2,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.13 4,400 -2,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.14 2,400 -2,000 Corp. Pacific Rubiales Energy Common Shares Lima, Eduardo Jorge 5 5/23/2014 10 20.15 0 -2,400 Corp. Pacific Rubiales Energy Options Lima, Eduardo Jorge 5 5/23/2014 51 13.09 470,000 -87,000 Corp. Pacific Rubiales Energy Options Lima, Eduardo Jorge 5 5/23/2014 51 14.08 410,000 -60,000 Corp. Pacific Rubiales Energy Common Shares Volk, Peter Joseph 5 5/26/2014 51 13.09 36,272 3,500 Corp. Pacific Rubiales Energy Common Shares Volk, Peter Joseph 5 5/26/2014 10 20.15 32,772 -3,500 Corp. Pacific Rubiales Energy Options Volk, Peter Joseph 5 5/26/2014 51 13.09 482,000 -3,500 Corp. Pacific Safety Products Inc. Common Shares Witlox, Rudolf Gustaaf 5 5/26/2014 10 0.135 82,000 32,000 Pan American Silver Corp. Common Shares de Gelder, Neil 4 5/27/2014 46 14.31 9,521 5,521 Panoro Minerals Ltd. Common Shares Boden, William John 4 5/26/2014 10 0.4 9,913,620 5,000 Panoro Minerals Ltd. Common Shares Boden, William John 4 5/29/2014 10 0.38 9,915,620 2,000 Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 5/27/2014 10 51.98 107,500 -600 Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 5/28/2014 10 51.4 105,700 -1,800 Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 5/27/2014 10 51.98 853,800 -4,500 Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 5/28/2014 10 51.4 839,500 -14,300 Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 5/27/2014 10 51.98 997,100 -5,300 Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 5/28/2014 10 51.4 980,400 -16,700 Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 5/27/2014 10 51.98 2,362,000 -12,700 Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 5/28/2014 10 51.4 2,322,600 -39,400 Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 5/27/2014 10 51.98 178,100 -900 Paramount Resources Ltd. Common Shares Class A Claugus, Thomas Eugene 4 5/28/2014 10 51.4 175,100 -3,000 Parkland Fuel Corporation Common Shares Cruickshank, Andrew Stuart 5 5/29/2014 30 21.5 4,811 3,302 Parkland Fuel Corporation Common Shares Cruickshank, Andrew Stuart 5 5/20/2014 30 20.54 3,306 2,956 Parkland Fuel Corporation Common Shares Cruickshank, Andrew Stuart 5 5/29/2014 30 21.5 4 -3,302 Parkland Fuel Corporation Common Shares Espey, Robert Berthold 5 5/20/2014 30 20.54 92,744 19,874 Parkland Fuel Corporation Common Shares Fink, Bob 5 5/20/2014 30 20.54 11,236 4,500 Parkland Fuel Corporation Common Shares Lambert, Michael Robert 5 5/20/2014 30 20.54 15,569 9,343 Parkland Fuel Corporation Common Shares Lapensee, Paul 4 5/20/2014 30 20.54 1,706 1,605 Parkland Fuel Corporation Common Shares McMillan, Michael Stanley 5 5/20/2014 30 20.54 2,933 2,590 Howie Parkland Fuel Corporation Common Shares Savage, Jane Elizabeth 5 5/20/2014 30 20.54 5,451 4,500 Parkland Fuel Corporation Common Shares Strating, Donna Jeanne 5 5/20/2014 30 20.54 9,269 4,500 Parlane Resource Corp. Common Shares Eadie, Robert 4, 5 5/30/2014 10 0.04 2,429,751 780,000 Pathfinder Convertible Trust Units Pathfinder Convertible 1 5/28/2014 38 11.43 5,288,374 1,700 Debenture Fund Debenture Fund Pathfinder Convertible Trust Units Pathfinder Convertible 1 5/29/2014 38 11.25 5,288,974 600 Debenture Fund Debenture Fund Peak Positioning Common Shares JOSEPH, Johnson 4, 5 5/22/2014 10 0.055 4,364,580 -215,000 Technologies Inc. Peak Positioning Common Shares JOSEPH, Johnson 4, 5 5/22/2014 10 0.05 3,579,580 -785,000 Technologies Inc. Peak Positioning Common Shares Kugler, David Alan 4, 5 5/12/2014 10 0.0138 -140,000 Technologies Inc. Peak Positioning Common Shares Kugler, David Alan 4, 5 5/12/2014 11 0.045 2,201,255 1,670,040 Technologies Inc.

June 5, 2014 (2014), 37 OSCB 5497

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Peak Positioning Common Shares Kugler, David Alan 4, 5 5/27/2014 10 0.0322 1,390,255 -280,000 Technologies Inc. Peak Positioning Common Shares Kugler, David Alan 4, 5 5/28/2014 10 0.025 1,019,255 -371,000 Technologies Inc. Pembina Pipeline Common Shares Burrows, J. Scott 5 5/29/2014 10 43.67 2,000 1,000 Corporation Pembina Pipeline Common Shares O'Donoghue, Leslie 4 5/28/2014 10 43.8 14,659 750 Corporation Pengrowth Energy Rights Evans, Derek Watson 4, 5 5/25/2014 58 - 9.15 49,092 -140,001 Corporation Expir ation of rights Pengrowth Energy Common Shares Kerr, Frederic Douglas 5 5/28/2014 10 6.83 6,242 -18,472 Corporation Pengrowth Energy Common Shares Webster, Christopher 5 5/27/2014 30 6.91 424,522 2,750 Corporation Geoffrey Pennine Petroleum Common Shares Gertz, Raymond H 4 5/27/2014 10 0.02 576,000 7,000 Corporation People Corporation Common Shares Anderson, Scott Cameron 4 5/26/2014 10 2.53 1,470,589 5,000 PetroShale Inc. Options McCagherty, Kenneth 4 11/25/2013 00 Campbell PetroShale Inc. Options McCagherty, Kenneth 4 11/25/2013 50 160,000 160,000 Campbell Photon Control Inc. Common Shares Farkas, Stefan 5 5/22/2014 10 0.4 0 -80,000 Photon Control Inc. Common Shares Litner, Joseph Samuel 4 2/25/2003 00 Photon Control Inc. Common Shares Litner, Joseph Samuel 4 5/28/2014 51 0.1 125,000 125,000 Photon Control Inc. Common Shares Litner, Joseph Samuel 4 5/22/2014 10 0.4 33,300 -23,000 Photon Control Inc. Common Shares Litner, Joseph Samuel 4 5/23/2014 10 0.4 0 -33,300 Photon Control Inc. Common Shares Litner, Joseph Samuel 4 5/23/2014 10 0.415 2,499,625 -50,000 Photon Control Inc. Common Shares Litner, Joseph Samuel 4 5/26/2014 10 0.42 2,496,625 -3,000 Photon Control Inc. Options Litner, Joseph Samuel 4 5/28/2014 51 0.1 1,000,000 -125,000 Pinetree Capital Ltd. Common Shares Inwentash, Sheldon 4, 5 5/26/2014 11 0.45 938,889 888,889 Pinetree Capital Ltd. Options Inwentash, Sheldon 4, 5 5/30/2014 50 0.42 6,500,000 500,000 Pinetree Capital Ltd. Warrants Inwentash, Sheldon 4, 5 5/26/2014 11 0.75 444,445 444,445 Pinetree Capital Ltd. Common Shares Maruzzo, Bruno 4 5/26/2014 15 0.45 220,440 44,444 Pinetree Capital Ltd. Warrants Maruzzo, Bruno 4 5/28/2003 00 Pinetree Capital Ltd. Warrants Maruzzo, Bruno 4 5/26/2014 11 0.75 22,222 22,222 Platino Energy Corp. Common Shares ARC Energy Fund 6 3 5/29/2014 10 0.5801 6,757,500 -500,000 Plaza Retail REIT Trust Units Brewer, Earl 4, 5 5/29/2014 10 4.08 83,004 40,000 Plaza Retail REIT Trust Units Zakuta, Michael Aaron 3, 4, 5 5/28/2014 10 4.06 7,389,349 25,000 Potash Corporation of Common Shares McCaig, Jeffrey James 4 12/24/2013 90 34.45 106,196 9,150 Saskatchewan Inc. Potash Corporation of Common Shares McCaig, Jeffrey James 4 12/24/2013 90 34.45 127,804 -9,150 Saskatchewan Inc. Potash Corporation of Common Shares McCaig, Jeffrey James 4 12/24/2013 90 34.45 9,150 Saskatchewan Inc. Potash Corporation of Common Shares McCaig, Jeffrey James 4 12/24/2013 90 34.45 9,150 Saskatchewan Inc. Power Corporation of Options Plessis-Bélair, Michel 5 5/29/2014 51 26.375 209,975 -78,000 Canada Power Corporation of Subordinate Voting Plessis-Bélair, Michel 5 5/29/2014 51 26.375 240,426 78,000 Canada Shares Power Corporation of Equity Swap - Long Power Corporation of 1 2/17/2000 00 Canada Position PCC 2014-05 Canada Power Corporation of Equity Swap - Long Power Corporation of 1 5/29/2014 70 29.947 1 1 Canada Position PCC 2014-05 Canada Power Financial Corporation Equity Swap - Long POWER FINANCIAL 1 10/5/2001 00 Position PFC 2014-05 CORPORATION Power Financial Corporation Equity Swap - Long POWER FINANCIAL 1 5/29/2014 70 33.968 1 1 Position PFC 2014-05 CORPORATION Precipitate Gold Corp. Common Shares Moore, Michael Peter 5 5/26/2014 10 0.15 452,666 70,000 Precipitate Gold Corp. Warrants Moore, Michael Peter 5 5/26/2014 10 0.15 177,666 70,000 Precipitate Gold Corp. Common Shares Wilson, Jeffrey 5 5/26/2014 15 0.15 646,553 65,303

June 5, 2014 (2014), 37 OSCB 5498

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Precipitate Gold Corp. Warrants Wilson, Jeffrey 5 5/26/2014 15 0.25 115,303 65,303 Precision Drilling Deferred Share Units Donovan, William T. 4 5/26/2014 30 25,154 110 Corporation Precision Drilling Deferred Share Units - Donovan, William T. 4 5/26/2014 30 22,063 97 Corporation effective January 1, 2012 Precision Drilling Common Shares FORD, CAREY THOMAS 7 5/16/2014 10 12.25 91 Corporation Precision Drilling Common Shares FORD, CAREY THOMAS 7 5/16/2014 10 12.25 12,113 92 Corporation Precision Drilling Common Shares FORD, CAREY THOMAS 7 5/27/2014 30 12.62 1 Corporation Precision Drilling Common Shares FORD, CAREY THOMAS 7 5/27/2014 10 12.62 12,114 1 Corporation Precision Drilling Common Shares Gambles, Leonard C. 7 5/27/2014 10 13.67 9,989 85 Corporation Precision Drilling Deferred Share Units Hagerman, Allen R. 4 5/26/2014 30 60,312 265 Corporation Precision Drilling Deferred Share Units - Hagerman, Allen R. 4 5/26/2014 30 45,559 200 Corporation effective January 1, 2012 Precision Drilling Deferred Share Units - Hughes, Catherine Jeanne 4 5/26/2014 30 14,286 62 Corporation effective January 1, 2012 Precision Drilling Deferred Share Units Letwin, Stephen Joseph 4 5/26/2014 30 63,718 280 Corporation James Precision Drilling Deferred Share Units - Letwin, Stephen Joseph 4 5/26/2014 30 25,981 114 Corporation effective January 1, 2012 James Precision Drilling Common Shares McNally, Robert Joseph 5 5/27/2014 10 12.62 65,790 1 Corporation Precision Drilling Deferred Share Units Meyers, Kevin Omar 4 5/26/2014 30 2,654 11 Corporation Precision Drilling Deferred Share Units - Meyers, Kevin Omar 4 5/26/2014 30 24,638 108 Corporation effective January 1, 2012 Precision Drilling Deferred Share Units Murray, Patrick M. 4 5/26/2014 30 38,082 167 Corporation Precision Drilling Deferred Share Units - Murray, Patrick M. 4 5/26/2014 30 23,698 104 Corporation effective January 1, 2012 Precision Drilling Common Shares Neveu, Kevin A. 4 5/27/2014 10 13.67 394,244 245 Corporation Precision Drilling Deferred Share Units Phillips, Robert L. 4 5/26/2014 30 33,284 146 Corporation Precision Drilling Deferred Share Units - Phillips, Robert L. 4 5/26/2014 30 22,063 97 Corporation effective January 1, 2012 Precision Drilling Common Shares Ruhr, Darren 5 5/27/2014 10 13.67 21,714 95 Corporation Precision Drilling Common Shares Sakamoto, Terry 7 5/27/2014 10 13.67 29,002 85 Corporation Precision Drilling Common Shares Stahl, Gene 5 5/16/2014 10 12.25 142 Corporation Precision Drilling Common Shares Stahl, Gene 5 5/16/2014 10 12.25 54,140 143 Corporation Precision Drilling Common Shares Stahl, Gene 5 5/27/2014 10 12.62 54,141 1 Corporation Precision Drilling Common Shares Strong, Douglas John 5 5/27/2014 10 13.67 80,348 118 Corporation Precision Drilling Common Shares Strong, Douglas John 5 5/27/2014 10 13.7 80,349 1 Corporation Primary Energy Recycling Participation Units PSU Fanella, Christopher 5 5/30/2014 56 79,559 1,111 Corporation Program put in place for Management Primary Energy Recycling Rights Common shares Greene, Brian 4 5/30/2014 56 20,979 293 Corporation related to Directors Deferred Share Unit plan Primary Energy Recycling Rights Common shares Lavigne, A. Michel 4, 5 5/30/2014 56 35,272 492 Corporation related to Directors Deferred Share Unit plan Primary Energy Recycling Rights Common shares Peiser, Robert 4 5/30/2014 56 11,775 164 Corporation related to Directors Deferred Share Unit plan

June 5, 2014 (2014), 37 OSCB 5499

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Primary Energy Recycling Rights Common shares Pether, Donald Allison 4 5/30/2014 56 58,920 823 Corporation related to Directors Deferred Share Unit plan Primary Energy Recycling Participation Units PSU Powell, Joseph 7 5/30/2014 56 79,559 1,111 Corporation Program put in place for Management Primary Energy Recycling Participation Units PSU Prunkl, John David 4, 5 5/30/2014 56 51,732 722 Corporation Program put in place for Management Primary Energy Recycling Rights Common shares Redmond, Brian 4 5/30/2014 56 7,065 99 Corporation related to Directors Deferred Share Unit plan Primary Energy Recycling Rights Common shares Waisberg, Lorie 4 5/30/2014 56 28,946 404 Corporation related to Directors Deferred Share Unit plan Primero Mining Corp. Rights Phantom Share Conflitti, Rosanna 5 5/8/2014 00 13,041 Units Prism Medical Ltd. Common Shares Begert, Brian 8 1/24/2011 00 Prism Medical Ltd. Common Shares Begert, Brian 8 5/22/2014 51 5.2 20,000 20,000 Prism Medical Ltd. Common Shares Begert, Brian 8 5/22/2014 11 8 -20,000 Prism Medical Ltd. Common Shares Begert, Brian 8 5/22/2014 11 7.7 0 -20,000 Prism Medical Ltd. Options Begert, Brian 8 1/24/2011 50 20,000 Prism Medical Ltd. Options Begert, Brian 8 1/24/2011 50 20,000 20,000 Prism Medical Ltd. Options Begert, Brian 8 5/22/2014 51 5.2 7,000 -20,000 Prism Medical Ltd. Options Charles, John Christopher 4, 5 5/22/2014 51 -27,000 Prism Medical Ltd. Options Charles, John Christopher 4, 5 5/22/2014 51 4.7 0 -27,000 Prism Medical Ltd. Options Scavuzzo, Ross 5 5/22/2014 51 -35,000 Prism Medical Ltd. Options Scavuzzo, Ross 5 5/22/2014 51 5.2 0 -35,000 Prism Medical Ltd. Common Shares Spinks, Jeffrey 4 5/29/2014 10 7.7 37,000 5,000 Prism Medical Ltd. Options Spinks, Jeffrey 4 5/22/2014 51 -27,000 Prism Medical Ltd. Options Spinks, Jeffrey 4 5/22/2014 51 4.72 0 -27,000 Prism Medical Ltd. Common Shares Wallace, Charles Jr. 7, 5 5/27/2014 10 7.62 285,968 -2,800 Prism Medical Ltd. Common Shares Wallace, Charles Jr. 7, 5 5/28/2014 10 7.6 278,768 -7,200 Prism Medical Ltd. Common Shares Wright, John D. 5 5/26/2014 10 7.7 72,632 7,500 Prism Medical Ltd. Common Shares Yellow Point Equity 3 5/22/2014 11 8 20,000 Partners G.P. Inc. Prism Medical Ltd. Common Shares Yellow Point Equity 3 5/22/2014 11 7.7 1,846,667 20,000 Partners G.P. Inc. Probe Mines Limited Common Shares Marrelli, Carmelo 5 5/29/2014 90 2.58 239,517 6,911 Probe Mines Limited Common Shares Marrelli, Carmelo 5 5/29/2014 90 2.58 251,160 11,643 Probe Mines Limited Common Shares Marrelli, Carmelo 5 5/29/2014 90 2.58 0 -6,911 Probe Mines Limited Common Shares Marrelli, Carmelo 5 5/29/2014 90 2.58 0 -11,643 ProMetic Life Sciences Inc. Options BEST, SIMON GEOFFREY 4 5/14/2014 00 ProMetic Life Sciences Inc. Options BEST, SIMON GEOFFREY 4 5/27/2014 50 1.1 122,161 122,161 ProMetic Life Sciences Inc. Options Burton, Steven J. 7 5/27/2014 50 1.1 548,000 48,000 ProMetic Life Sciences Inc. Options Chen, Dwun-Hou 7 5/27/2014 50 1.1 422,000 72,000 ProMetic Life Sciences Inc. Common Shares Hakim, Raymond Manuel 4 5/22/2014 10 1.047 109,000 100,000 ProMetic Life Sciences Inc. Options Hakim, Raymond Manuel 4 5/27/2014 50 1.1 533,659 133,659 ProMetic Life Sciences Inc. Options Iskra, Marie 5 5/27/2014 50 1.1 23,000 8,000 ProMetic Life Sciences Inc. Options Laurin, Pierre 4, 5 5/27/2014 50 1.1 1,060,000 120,000 ProMetic Life Sciences Inc. Options Ménard, Louise 4 5/27/2014 50 1.1 783,659 133,659 ProMetic Life Sciences Inc. Options Mesburis, Paul 4 5/27/2014 50 1.1 683,659 133,659 ProMetic Life Sciences Inc. Options Moran, John Edward 4 5/27/2014 50 1.1 776,750 150,000 ProMetic Life Sciences Inc. Options Orr-Gaucher, Nancy 4 5/27/2014 50 1.1 333,659 133,659 ProMetic Life Sciences Inc. Options Pritchard, Bruce 5 5/27/2014 50 1.1 522,000 72,000 ProMetic Life Sciences Inc. Options Sartore, Patrick 5 5/27/2014 50 1.1 572,000 72,000 ProMetic Life Sciences Inc. Options Wendel, Bruce 4 5/27/2014 50 1.1 683,659 133,659 ProMetic Life Sciences Inc. Options Wygodny, Benjamin 4 5/27/2014 50 1.1 1,133,659 133,659 Prophecy Coal Corp. Options Batista, Harald Fuhrken 4 3/20/2014 38 800,000 -150,000 Prophecy Coal Corp. Options Batista, Harald Fuhrken 4 5/1/2014 50 1,000,000 200,000 Prophecy Coal Corp. Options Baz, Chuluubaatar 4 5/1/2014 50 0.065 1,000,000 Prophecy Coal Corp. Options Baz, Chuluubaatar 4 5/1/2014 50 2,800,000 1,000,000

June 5, 2014 (2014), 37 OSCB 5500

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Prophecy Coal Corp. Options Hall, Greg 4 5/1/2014 50 0.065 400,000 Prophecy Coal Corp. Options Hall, Greg 4 5/1/2014 50 2,550,000 400,000 Prophecy Coal Corp. Options IGATA, MASATERU 4 4/23/2014 00 Prophecy Coal Corp. Options IGATA, MASATERU 4 5/1/2014 50 0.065 500,000 Prophecy Coal Corp. Options IGATA, MASATERU 4 5/1/2014 50 500,000 500,000 Prophecy Coal Corp. Options Lee, John 4, 5 5/1/2014 50 0.065 1,500,000 Prophecy Coal Corp. Options Lee, John 4, 5 5/1/2014 50 7,830,000 1,500,000 Prophecy Coal Corp. Options Plavutska, Irina 5 5/1/2014 50 0.065 150,000 Prophecy Coal Corp. Options Plavutska, Irina 5 5/1/2014 50 630,000 150,000 Prophecy Coal Corp. Options SUKHEE, ORGIL 7 4/21/2014 00 Prophecy Coal Corp. Options SUKHEE, ORGIL 7 5/1/2014 50 0.065 500,000 Prophecy Coal Corp. Options SUKHEE, ORGIL 7 5/1/2014 50 500,000 500,000 Prophecy Coal Corp. Options Wong, Tony 5 5/1/2014 50 600,000 100,000 Prospero Silver Corp. Common Shares oliver, murray 4 5/23/2014 16 0.05 260,000 60,000 Prospero Silver Corp. Common Shares oliver, murray 4 5/23/2014 53 0.1 320,000 60,000 Pulse Seismic Inc. Rights Restricted Share El-Tawil, Karen Elizabeth 4 5/21/2014 00 Unit (Common Shares) Pulse Seismic Inc. Rights Restricted Share El-Tawil, Karen Elizabeth 4 5/21/2014 56 3.48 7,338 7,338 Unit (Common Shares) Pulse Seismic Inc. Rights Restricted Share Weir, J. Graham 4 5/21/2014 58 - Expiration 0 -10,134 Unit of rights Puma Exploration Inc. Common Shares Cordick, Arness William 3, 4 5/28/2014 10 0.2 10,776,500 7,500 Ross Puma Exploration Inc. Common Shares Cordick, Arness William 3, 4 5/28/2014 10 0.205 10,779,000 2,500 Ross Puma Exploration Inc. Common Shares Cordick, Arness William 3, 4 5/29/2014 10 0.2 10,785,000 6,000 Ross Puma Exploration Inc. Common Shares Proulx, André 4, 5 5/27/2014 51 0.1 878,499 100,000 Puma Exploration Inc. Common Shares Robillard, Marcel 4, 5 5/26/2014 10 0.2 1,542,042 12,500 Puma Exploration Inc. Common Shares Robillard, Marcel 4, 5 5/26/2014 10 0.195 1,544,542 2,500 Puma Exploration Inc. Common Shares Robillard, Marcel 4, 5 5/27/2014 10 0.195 1,549,042 4,500 PYROGENESIS CANADA Common Shares Pascali, Peter Photis 3 2/8/2012 11 -181,818 INC. PYROGENESIS CANADA Common Shares Pascali, Peter Photis 3 2/8/2012 11 -181,818 INC. PYROGENESIS CANADA Common Shares Pascali, Peter Photis 3 2/8/2012 11 -181,818 INC. PYROGENESIS CANADA Common Shares Pascali, Peter Photis 3 5/22/2014 72 0.8 7,500,000 INC. deriv ative PYROGENESIS CANADA Common Shares Pascali, Peter Photis 3 5/22/2014 16 0.8 10,441,524 7,500,000 INC. PYROGENESIS CANADA Common Shares Pascali, Photis Peter 3, 4, 5 5/22/2014 16 0.6 28,021,417 1,166,667 INC. PYROGENESIS CANADA Warrants Pascali, Photis Peter 3, 4, 5 5/22/2014 16 0.6 2,142,083 583,333 INC. QHR Corporation Options Liston, Thomas Craig 4 5/8/2014 00 QHR Corporation Options Liston, Thomas Craig 4 5/8/2014 50 1.27 100,000 100,000 QHR Corporation Options Liston, Thomas Craig 4 5/14/2014 00 Radient Technologies Inc. Common Shares Fries, Randal Michael John 5 5/22/2014 00 36,835 Radient Technologies Inc. Warrants Fries, Randal Michael John 5 5/22/2014 00 9,985 Radient Technologies Inc. Common Shares Muhs, Dr. Wolfgang 4 5/22/2014 00 26,232 Radient Technologies Inc. Common Shares Taschuk, Denis Michael 4, 5 5/22/2014 00 Radient Technologies Inc. Common Shares Taschuk, Denis Michael 4, 5 5/22/2014 00 194,812 Raven Rock Strategic Units McGovern, James 7 5/29/2014 10 9.53 4,500 1,000 Income Fund RDM Corporation Common Shares Fowlie, Randy 4, 5 5/26/2014 51 1.08 94,900 53,000 RDM Corporation Common Shares Fowlie, Randy 4, 5 5/28/2014 51 1.08 100,900 6,000 RDM Corporation Options Fowlie, Randy 4, 5 5/26/2014 51 1.08 447,000 -53,000 RDM Corporation Options Fowlie, Randy 4, 5 5/27/2014 50 2.78 747,000 300,000 RDM Corporation Options Fowlie, Randy 4, 5 5/28/2014 51 1.08 741,000 -6,000 RDM Corporation Common Shares Kivenko, Ken 4 5/26/2014 51 0.79 80,000 10,000

June 5, 2014 (2014), 37 OSCB 5501

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed RDM Corporation Options Kivenko, Ken 4 5/26/2014 51 0.79 50,000 -10,000 RDM Corporation Options Malhinha, Rui 5 5/27/2014 50 2.78 325,000 125,000 RDM Corporation Options Rose, Harold 5 5/27/2014 50 2.78 375,000 175,000 RedWater Energy Corp. Common Shares chan, George 4 5/28/2014 10 0.075 1,259,500 1,000 REIT INDEXPLUS Income Trust Units REIT INDEXPLUS Income 1 5/29/2014 38 11.89 6,584,496 1,000 Fund Fund Renforth Resources Inc. Options Appleby, Kyle Michael 5 5/28/2014 50 850,000 200,000 Renforth Resources Inc. Options Simard, Denis 4 5/28/2014 50 0.06 350,000 150,000 Renforth Resources Inc. Options Wahl, David George 4 5/28/2014 50 0.06 450,000 150,000 Renforth Resources Inc. Options Wood, Judi Carley 4 5/28/2014 50 300,000 150,000 RESAAS Services Inc. Options Haddad, Marwan 5 4/5/2014 52 1.55 285,000 -15,000 RESAAS Services Inc. Options Rossiter, Thomas 4, 5 4/5/2014 52 1.55 386,750 -50,000 RESAAS Services Inc. Options St. Hilaire, Michael 5 4/5/2014 52 1.55 400,000 -50,000 Resverlogix Corp. Options Cann, Aaron Bradley 5 5/26/2014 50 96,400 13,800 Resverlogix Corp. Restricted Share Units Cann, Aaron Bradley 5 5/26/2014 97 87,200 30,800 (RSU's) Resverlogix Corp. Options Johann, Peter 4 5/26/2014 50 225,000 25,000 Resverlogix Corp. Options Lebioda, Kenneth Eugene 5 5/26/2014 50 221,100 9,500 Resverlogix Corp. Restricted Share Units Lebioda, Kenneth Eugene 5 5/26/2014 97 77,300 21,200 (RSU's) Resverlogix Corp. Options MCCAFFREY, DONALD J. 4, 5 5/26/2014 50 622,100 42,800 Resverlogix Corp. Restricted Share Units MCCAFFREY, DONALD J. 4, 5 5/26/2014 97 485,700 95,100 (RSU's) Resverlogix Corp. Options McNeill, Kelly Bret 4 5/26/2014 50 155,000 15,000 Resverlogix Corp. Options Smith, Eldon 4 5/26/2014 46 0.65 180,000 15,000 Resverlogix Corp. Options Zuerblis, Kenneth 4 5/26/2014 50 255,000 15,000 Richelieu Hardware Ltd. Common Shares Quincaillerie Richelieu Ltée 1 5/28/2014 38 49 4,000 4,000 Richelieu Hardware Ltd. Common Shares Quincaillerie Richelieu Ltée 1 5/28/2014 38 49 0 -4,000 Richelieu Hardware Ltd. Common Shares Quincaillerie Richelieu Ltée 1 5/29/2014 38 49.71 2,600 2,600 Richelieu Hardware Ltd. Common Shares Quincaillerie Richelieu Ltée 1 5/29/2014 38 49.71 0 -2,600 RIOCAN REAL ESTATE Options Ballantyne, John 5 5/28/2014 50 27.51 573,750 85,000 INVESTMENT TRUST RIOCAN REAL ESTATE Deferred Units Brooks, Bonnie 4 6/5/2013 00 INVESTMENT TRUST RIOCAN REAL ESTATE Deferred Units Brooks, Bonnie 4 5/28/2014 56 27.51 3,635 3,635 INVESTMENT TRUST RIOCAN REAL ESTATE Options Bunbury, Nigel Charles 5 5/28/2014 50 27.51 37,500 25,000 INVESTMENT TRUST RIOCAN REAL ESTATE Deferred Units Copeland, Clare Robert 4 6/6/2002 00 INVESTMENT TRUST RIOCAN REAL ESTATE Deferred Units Copeland, Clare Robert 4 5/28/2014 56 27.51 3,635 3,635 INVESTMENT TRUST RIOCAN REAL ESTATE Options Davloor, Raghunath 5 5/28/2014 50 27.51 700,000 125,000 INVESTMENT TRUST RIOCAN REAL ESTATE Deferred Units Gelgoot, Raymond Michael 4 5/20/2003 00 INVESTMENT TRUST RIOCAN REAL ESTATE Deferred Units Gelgoot, Raymond Michael 4 5/28/2014 56 27.51 3,635 3,635 INVESTMENT TRUST RIOCAN REAL ESTATE Options Gitlin, Jonathan 5 5/28/2014 50 27.51 456,500 85,000 INVESTMENT TRUST RIOCAN REAL ESTATE Deferred Units Godfrey, Paul Victor 4 1/19/2004 00 INVESTMENT TRUST RIOCAN REAL ESTATE Deferred Units Godfrey, Paul Victor 4 5/28/2014 56 27.51 5,452 5,452 INVESTMENT TRUST RIOCAN REAL ESTATE Options Kissoon, Daneshwar 5 5/28/2014 50 27.51 740,000 85,000 INVESTMENT TRUST RIOCAN REAL ESTATE Deferred Units Lastman, Dale Howard 4 6/2/2004 00 INVESTMENT TRUST RIOCAN REAL ESTATE Deferred Units Lastman, Dale Howard 4 5/28/2014 56 27.51 3,635 3,635 INVESTMENT TRUST RIOCAN REAL ESTATE Options Marineau, Suzanne 5 5/28/2014 50 27.51 368,750 75,000 INVESTMENT TRUST RIOCAN REAL ESTATE Options Robins, Jordan 5 5/28/2014 50 27.51 662,500 100,000 INVESTMENT TRUST

June 5, 2014 (2014), 37 OSCB 5502

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed RIOCAN REAL ESTATE Options Rosen, Howard Daniel 5 5/28/2014 50 27.51 295,000 85,000 INVESTMENT TRUST RIOCAN REAL ESTATE Options Ross, Jeffrey 5 5/28/2014 50 27.51 735,000 100,000 INVESTMENT TRUST RIOCAN REAL ESTATE Deferred Units Sallows, Sharon 4 6/6/2002 00 INVESTMENT TRUST RIOCAN REAL ESTATE Deferred Units Sallows, Sharon 4 5/28/2014 56 27.51 3,635 3,635 INVESTMENT TRUST RIOCAN REAL ESTATE Deferred Units Vanneste, Luc Andre 4 7/30/2013 00 INVESTMENT TRUST RIOCAN REAL ESTATE Deferred Units Vanneste, Luc Andre 4 5/28/2014 56 27.51 3,635 3,635 INVESTMENT TRUST RIOCAN REAL ESTATE Options Waks, Frederic Allen 5 5/28/2014 50 27.51 1,456,514 200,000 INVESTMENT TRUST RIOCAN REAL ESTATE Deferred Units Winograd, Charles 4 5/27/2009 00 INVESTMENT TRUST RIOCAN REAL ESTATE Deferred Units Winograd, Charles 4 5/28/2014 56 27.51 3,635 3,635 INVESTMENT TRUST Robix Alternative Fuels, Inc. Common Shares Edwards, David 4 5/30/2014 10 0.52 251,904 2,000 Robix Alternative Fuels, Inc. Common Shares Edwards, David 4 5/30/2014 10 0.54 248,404 -3,500 Robix Alternative Fuels, Inc. Common Shares Edwards, David 4 5/30/2014 10 0.53 197,404 -51,000 Robix Alternative Fuels, Inc. Common Shares Edwards, David 4 5/30/2014 10 0.52 168,404 -29,000 Robix Alternative Fuels, Inc. Common Shares Edwards, David 4 5/30/2014 10 0.51 151,904 -16,500 Robix Alternative Fuels, Inc. Options Gusko, Brian 4 2/10/2014 00 Robix Alternative Fuels, Inc. Options Gusko, Brian 4 5/21/2014 50 100,000 100,000 Rokmaster Resources Corp. Options de Quadros, Antonio 4 5/30/2014 50 0.13 300,000 50,000 Melicio Rokmaster Resources Corp. Common Shares Mirko, John Martin 4, 5 5/26/2014 16 0.1 5,170,751 1,353,750 Rokmaster Resources Corp. Warrants Mirko, John Martin 4, 5 5/26/2014 16 0.2 2,851,750 1,353,750 Rokmaster Resources Corp. Options Okada, Larry Minoru 4 1/31/2012 00 Rokmaster Resources Corp. Options Okada, Larry Minoru 4 5/28/2014 50 0.13 300,000 300,000 Roxgold Inc. Common Shares ANRH Sarl (Appian Natural 3 5/23/2014 10 0.7 31,634,413 2,271,500 Resources Fund) Royal Bank of Canada Rights Deferred Share Anderson, Robert James 5 5/23/2014 56 73.84 151,420 1,442 Units Royal Bank of Canada Rights RBC Capital Anderson, Robert James 5 5/23/2014 56 73.84 73,372 699 Markets Unit Awards Royal Bank of Canada Rights Deferred Share Fukakusa, Janice Rose 5 5/23/2014 56 73.84 211,438 2,013 Units Royal Bank of Canada Rights Performance Fukakusa, Janice Rose 5 5/23/2014 56 73.84 115,844 1,104 Deferred Share Units Royal Bank of Canada Rights Performance Hirji-Nowaczynski, Zabeen 5 5/23/2014 56 73.84 56,797 541 Deferred Share Units Royal Bank of Canada Rights RBC Share Units Hirji-Nowaczynski, Zabeen 5 5/23/2014 56 73.84 1,990 19 Royal Bank of Canada Rights Deferred Share Hughes, Mark Richard 5 5/23/2014 56 73.84 18,562 177 Units Royal Bank of Canada Rights RBC Capital Hughes, Mark Richard 5 5/23/2014 56 73.84 70,002 666 Markets Unit Awards Royal Bank of Canada Rights Performance Lewis, Melville George 5 5/23/2014 56 73.84 112,287 1,070 Deferred Share Units Royal Bank of Canada Rights Deferred Share McGregor, Alex Douglas 5 5/23/2014 56 73.84 353,140 3,363 Units Royal Bank of Canada Rights Multi-Year McGregor, Alex Douglas 5 5/23/2014 56 73.84 29,695 282 Deferred Share Units Royal Bank of Canada Rights Performance McGregor, Alex Douglas 5 5/23/2014 56 73.84 256,800 2,446 Deferred Share Units Royal Bank of Canada Rights Performance McKay, David Ian 5 5/23/2014 56 73.84 129,425 1,233 Deferred Share Units Royal Bank of Canada Rights Deferred Share Nixon, Gordon Melbourne 4, 5 5/23/2014 56 73.84 178,673 1,702 Units Royal Bank of Canada Rights Performance Nixon, Gordon Melbourne 4, 5 5/23/2014 56 73.84 333,086 3,172 Deferred Share Units Royal Bank of Canada Rights RBC Share Units Ross, Bruce Washington 5 5/23/2014 56 73.84 66,583 635 Royal Bank of Canada Rights Performance Tory, Jennifer Anne 5 5/23/2014 56 73.84 12,972 123 Deferred Share Units

June 5, 2014 (2014), 37 OSCB 5503

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Royal Bank of Canada Rights RBC Share Units Tory, Jennifer Anne 5 5/23/2014 56 73.84 3,995 38 RT Minerals Corp. Options Antoniazzi, Paul Francis 4 5/22/2014 50 0.1 350,000 350,000 RT Minerals Corp. Options Mlakar, Roy Allen 4, 5 5/14/2014 00 RT Minerals Corp. Options Mlakar, Roy Allen 4, 5 5/22/2014 50 0.1 500,000 500,000 RT Minerals Corp. Options O'Brien, Michael James 5 5/16/2014 00 RT Minerals Corp. Options O'Brien, Michael James 5 5/22/2014 50 0.1 200,000 200,000 Rubicon Minerals Common Shares Thomas, Bruce, Alexander 4 5/29/2014 10 1.08 529,000 49,000 Corporation Rubicon Minerals Common Shares Thomas, Bruce, Alexander 4 5/29/2014 10 1.09 530,000 1,000 Corporation Russel Metals Inc. Common Shares Halcrow, David 5 5/26/2014 10 33 17,628 -8,000 Russel Metals Inc. Common Shares Mangialardi, Giuseppe 5 5/28/2014 10 33 17,182 -2,000 Russel Metals Inc. Rights Restricted Share McMullen, Francine Denise 5 5/20/2014 56 912 Units (cash settled) Russel Metals Inc. Rights Restricted Share McMullen, Francine Denise 5 5/20/2014 56 911 911 Units (cash settled) Russel Metals Inc. Common Shares Willis, Allan Stephen 5 5/29/2014 10 19.84 33,148 1,000 Russel Metals Inc. Common Shares Willis, Allan Stephen 5 5/29/2014 10 25.7 37,948 4,800 Russel Metals Inc. Common Shares Willis, Allan Stephen 5 5/29/2014 10 26.18 41,698 3,750 Russel Metals Inc. Options Willis, Allan Stephen 5 5/29/2014 51 19.84 36,000 -1,000 Russel Metals Inc. Options Willis, Allan Stephen 5 5/29/2014 51 25.7 31,200 -4,800 Russel Metals Inc. Options Willis, Allan Stephen 5 5/29/2014 51 26.18 27,450 -3,750 Russell Breweries Inc. Common Shares Corner Market Capital Corp 3 5/23/2014 10 0.06 11,700,000 80,000 Rye Patch Gold Corp. Common Shares Howald, William Carl 4, 5 5/28/2014 10 0.175 2,246,500 6,000 Sabina Gold & Silver Corp. Common Shares Hean, Scott Bradbury 4 4/2/2006 00 Sabina Gold & Silver Corp. Common Shares Hean, Scott Bradbury 4 6/1/2010 10 2 43,000 43,000 Sabina Gold & Silver Corp. Common Shares Hean, Scott Bradbury 4 6/29/2012 10 1.98 7,000 Sabina Gold & Silver Corp. Common Shares Hean, Scott Bradbury 4 6/29/2012 10 1.98 155,553 11,000 Salazar Resources Limited Options Acosta, Pablo Geovani 4, 5 5/30/2014 52 0 -440,000 Morales Salazar Resources Limited Options DeMare, Nick 4, 5 5/30/2014 52 0 -330,000 Salazar Resources Limited Options DeMare, Nick 4, 5 5/30/2014 52 0 -80,000 Salazar Resources Limited Options Robinson, Graeme Dennis 4 5/30/2014 52 0 -230,000 Salazar Resources Limited Options Salazar, Fredy Enrique 4, 5 5/30/2014 52 0 -475,000 Salazar Resources Limited Options Walter, Etienne E.V. 4 5/30/2014 52 0 -250,000 SANDSTORM METALS & Common Shares SANDSTORM GOLD LTD. 3 5/29/2014 00 34,677,037 ENERGY LTD. Santa Barbara Resources Common Shares McKeen, Roderick Charles 4 7/24/2012 11 0.03 48,750 20,000 Limited Santa Maria Petroleum Inc. Common Shares DeFrancesco, Andrew A. 4 7/7/2011 00 (formerly Quetzal Energy Ltd.) Santa Maria Petroleum Inc. Common Shares DeFrancesco, Andrew A. 4 5/23/2014 10 0.005 3,100,000 3,100,000 (formerly Quetzal Energy Ltd.) Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/22/2010 10 0.88 16,861,206 -78,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/22/2010 10 0.88 16,790,206 -71,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/29/2010 10 0.89 16,652,206 -138,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/29/2010 10 0.89 16,526,206 -126,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 11/1/2010 10 0.86 16,486,206 -40,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 11/1/2010 10 0.86 16,446,206 -40,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/7/2010 10 1.11 16,370,506 -75,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/7/2010 10 1.11 16,301,026 -69,480 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/8/2010 10 1.04 16,241,026 -60,000 Management, L.P.

June 5, 2014 (2014), 37 OSCB 5504

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/8/2010 10 1.04 16,186,026 -55,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/9/2010 10 1.04 16,173,026 -13,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/9/2010 10 1.04 16,161,026 -12,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/10/2010 10 1 16,022,926 -138,100 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/10/2010 10 1 15,896,426 -126,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/13/2010 10 1.08 16,146,426 250,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/13/2010 10 1.08 16,196,426 50,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/13/2010 10 1.02 16,165,426 -31,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/13/2010 10 1.02 16,136,426 -29,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/16/2010 10 0.97 16,111,426 -25,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/16/2010 10 0.97 16,086,426 -25,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/17/2010 10 0.99 15,967,426 -119,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/17/2010 10 0.99 15,858,426 -109,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/20/2010 10 0.99 15,820,426 -38,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/20/2010 10 0.99 15,786,426 -34,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/21/2010 10 0.99 15,752,926 -33,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/21/2010 10 0.99 15,719,426 -33,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/22/2010 10 0.99 15,717,926 -1,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/22/2010 10 0.99 15,716,426 -1,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/29/2010 10 0.99 15,581,426 -135,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/29/2010 10 0.99 15,457,426 -124,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/30/2010 10 0.99 15,431,994 -25,432 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/30/2010 10 0.99 15,425,426 -6,568 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/30/2010 10 0.99 15,396,426 -29,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/31/2010 10 0.99 15,202,826 -193,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/31/2010 10 0.99 15,026,026 -176,800 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/4/2011 10 0.99 14,901,026 -125,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/4/2011 10 0.99 14,786,526 -114,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/5/2011 10 0.99 14,784,626 -1,900 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/5/2011 10 0.99 14,782,826 -1,800 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/19/2011 10 1 14,599,826 -183,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/19/2011 10 1 14,432,826 -167,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/8/2011 10 0.99 14,362,026 -70,800 Management, L.P.

June 5, 2014 (2014), 37 OSCB 5505

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/8/2011 10 0.99 14,297,326 -64,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/9/2011 10 0.99 14,212,726 -84,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/9/2011 10 0.99 14,135,426 -77,300 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/16/2011 10 0.99 14,092,026 -43,400 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/16/2011 10 0.99 14,052,426 -39,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/17/2011 10 0.99 14,000,126 -52,300 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/17/2011 10 0.99 13,952,426 -47,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/18/2011 10 0.99 13,780,826 -171,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/18/2011 10 0.99 13,624,126 -156,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/22/2011 10 0.99 13,481,126 -143,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/22/2011 10 0.99 13,351,126 -130,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/23/2011 10 0.99 13,327,526 -23,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/23/2011 10 0.99 13,306,126 -21,400 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/24/2011 10 0.99 13,298,026 -8,100 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/24/2011 10 0.99 13,290,626 -7,400 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 1.03 12,857,629 -432,997 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 0.99 12,495,628 -362,001 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 0.99 12,357,629 -137,999 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 1 12,312,258 -45,371 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 1 12,107,629 -204,629 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 1.03 11,776,026 -331,603 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 0.99 11,437,606 -338,420 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 0.99 11,293,938 -143,668 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 0.99 11,276,026 -17,912 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 1 11,026,026 -250,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/7/2011 10 1.2 10,526,026 -500,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/8/2011 10 1.1 10,276,026 -250,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/14/2011 10 1.12 10,084,165 -191,861 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/14/2011 10 1.12 9,776,026 -308,139 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/16/2011 10 1 9,914,726 138,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/16/2011 10 1 9,915,726 1,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/16/2011 10 1 10,470,326 554,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/16/2011 10 1 10,478,926 8,600 Management, L.P.

June 5, 2014 (2014), 37 OSCB 5506

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/16/2011 10 1 10,589,826 110,900 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/16/2011 10 1 10,637,926 48,100 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/16/2011 10 1 10,702,526 64,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/5/2011 10 1.29 10,748,426 45,900 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/5/2011 10 1.29 10,749,026 600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/5/2011 10 1.29 10,947,526 198,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/5/2011 10 1.29 10,950,626 3,100 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/5/2011 10 1.29 10,984,226 33,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/5/2011 10 1.29 11,001,497 17,271 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/5/2011 10 1.29 11,020,897 19,400 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/8/2011 10 1.57 10,620,897 -400,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/14/2011 10 1.57 10,637,997 17,100 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 5/16/2011 10 1.2 10,692,797 54,800 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 5/16/2011 10 1.2 10,693,597 800 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 5/16/2011 10 1.2 10,929,897 236,300 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 5/16/2011 10 1.2 10,933,597 3,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 5/16/2011 10 1.2 10,973,697 40,100 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 5/16/2011 10 1.2 10,993,726 20,029 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 5/16/2011 10 1.2 11,016,926 23,200 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/13/2011 10 1.73 11,026,926 10,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 8/23/2011 10 2.05 10,976,926 -50,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 8/24/2011 10 1.97 10,776,926 -200,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 9/26/2011 10 1.69 10,526,926 -250,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 9/29/2011 10 1.68 10,535,426 8,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/11/2011 10 1.94 10,450,826 -84,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/12/2011 10 1.98 10,435,426 -15,400 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/14/2011 10 2.02 10,385,426 -50,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/28/2011 10 2.12 10,495,426 110,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 11/16/2011 10 1.73 10,395,426 -100,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 11/16/2011 10 1.73 10,295,426 -100,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 11/18/2011 10 1.66 10,135,426 -160,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 11/21/2011 10 1.54 10,095,426 -40,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/7/2011 10 2 9,845,426 -250,000 Management, L.P.

June 5, 2014 (2014), 37 OSCB 5507

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/13/2011 10 1.92 9,645,426 -200,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/15/2011 10 1.84 9,648,126 2,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/18/2012 10 1.96 9,651,626 3,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/18/2012 10 1.92 9,546,626 -105,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/24/2012 10 1.9 9,547,996 1,370 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/26/2012 10 2.07 9,642,436 94,440 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/26/2012 10 2.07 9,747,366 104,930 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/14/2012 10 2.03 9,647,366 -100,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/14/2012 10 1.86 9,782,366 135,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/15/2012 10 1.73 9,707,366 -75,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/15/2012 10 1.73 9,632,366 -75,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/16/2012 10 1.66 9,607,366 -25,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/16/2012 10 1.66 9,582,366 -25,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/22/2012 10 1.61 9,482,366 -100,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/22/2012 10 1.61 9,382,366 -100,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/4/2012 10 0.98 9,082,366 -300,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/16/2012 10 0.99 9,027,509 -54,857 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/16/2012 10 0.99 8,982,366 -45,143 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/16/2012 10 0.99 8,904,110 -78,256 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/16/2012 10 0.99 8,882,366 -21,744 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 5/2/2012 10 1.05 8,682,366 -200,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 5/23/2012 10 0.83 8,651,574 -30,792 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 5/23/2012 10 0.83 8,582,366 -69,208 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 6/21/2012 10 0.73 8,648,466 66,100 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/3/2012 10 0.64 8,654,166 5,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/3/2012 10 0.68 8,708,166 54,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/5/2012 10 0.64 8,723,466 15,300 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/5/2012 10 0.64 8,742,866 19,400 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/12/2012 10 0.51 8,817,866 75,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/16/2012 10 0.54 8,856,766 38,900 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/19/2012 10 0.58 8,927,766 71,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 8/15/2012 10 0.55 8,991,266 63,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 8/16/2012 10 0.59 9,167,766 176,500 Management, L.P.

June 5, 2014 (2014), 37 OSCB 5508

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Scorpio Mining Corporation Common Shares Tocqueville Asset 3 8/23/2012 10 0.91 9,193,436 25,670 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 8/23/2012 10 0.91 9,219,106 25,670 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 8/24/2012 10 0.87 9,232,486 13,380 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 9/4/2012 10 0.86 9,182,486 -50,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 9/14/2012 10 1 9,184,486 2,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 9/14/2012 10 1 9,190,486 6,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 9/25/2012 10 1.12 8,841,086 -349,400 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/4/2012 10 1.29 8,916,086 75,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/23/2012 10 0.99 9,079,586 163,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/24/2012 10 1.15 10,316,086 1,236,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 11/2/2012 10 1.16 10,341,686 25,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 11/14/2012 10 1.08 10,374,086 32,400 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/27/2012 10 1 10,371,586 -2,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/3/2013 10 1.07 10,271,586 -100,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/23/2013 10 1.09 10,196,586 -75,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/8/2013 10 0.97 10,200,686 4,100 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/22/2013 10 0.75 10,150,686 -50,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/25/2013 10 0.74 10,167,686 17,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/11/2013 10 0.61 10,142,686 -25,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/16/2013 10 0.53 10,092,686 -50,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/17/2013 10 0.51 10,042,686 -50,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/19/2013 10 0.48 9,978,086 -64,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/19/2013 10 0.48 9,958,686 -19,400 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/19/2013 10 0.48 9,935,486 -23,200 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/23/2013 10 0.48 9,885,486 -50,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 5/1/2013 10 0.44 9,825,486 -60,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 5/28/2013 10 0.47 9,805,486 -20,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 5/29/2013 10 0.41 9,783,763 -21,723 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 6/14/2013 10 0.39 9,766,663 -17,100 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 6/14/2013 10 0.39 9,758,163 -8,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 6/14/2013 10 0.39 9,756,793 -1,370 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 6/14/2013 10 0.39 9,751,093 -5,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 6/14/2013 10 0.39 9,737,713 -13,380 Management, L.P.

June 5, 2014 (2014), 37 OSCB 5509

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Scorpio Mining Corporation Common Shares Tocqueville Asset 3 6/17/2013 10 0.38 9,675,713 -62,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 6/18/2013 10 0.36 9,649,713 -26,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/2/2013 10 0.36 9,692,213 42,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/10/2013 10 0.29 9,680,913 -11,300 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/10/2013 10 0.29 9,672,213 -8,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/10/2013 10 0.29 9,655,313 -16,900 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/10/2013 10 0.29 9,642,213 -13,100 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/10/2013 10 0.29 9,641,213 -1,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/10/2013 10 0.29 9,640,613 -600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/10/2013 10 0.29 9,639,813 -800 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/10/2013 10 0.29 9,637,813 -2,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/10/2013 10 0.29 9,635,113 -2,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/10/2013 10 0.29 9,631,613 -3,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 7/10/2013 10 0.29 9,625,613 -6,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 9/19/2013 10 0.29 9,600,013 -25,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 9/19/2013 10 0.29 9,572,913 -27,100 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/12/2013 10 0.18 9,567,613 -5,300 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/12/2013 10 0.18 9,555,913 -11,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/12/2013 10 0.18 9,551,813 -4,100 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/19/2013 10 0.2 9,504,313 -47,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/14/2014 10 0.35 9,442,328 -61,985 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/14/2014 10 0.35 9,155,390 -286,938 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/16/2011 10 1 21,971,662 5,272,120 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 4/5/2011 10 1.29 24,301,562 2,329,900 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 5/16/2011 10 1.2 25,668,419 1,366,857 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/24/2011 10 1.88 26,190,819 522,400 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/20/2011 00 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/22/2010 10 0.88 -78,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/22/2010 10 0.88 -78,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/22/2010 10 0.88 78,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/22/2010 10 0.88 78,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/22/2010 10 0.88 71,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/22/2010 10 0.88 71,000 Management, L.P.

June 5, 2014 (2014), 37 OSCB 5510

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/29/2010 10 0.89 138,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/29/2010 10 0.89 138,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/29/2010 10 0.89 126,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 10/29/2010 10 0.89 126,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 11/1/2010 10 0.86 40,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 11/1/2010 10 0.86 40,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 11/1/2010 10 0.86 40,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 11/1/2010 10 0.86 40,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/7/2010 10 1.11 75,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/7/2010 10 1.11 75,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/7/2010 10 1.11 69,480 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/7/2010 10 1.11 69,480 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/8/2010 10 1.04 60,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/8/2010 10 1.04 60,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/8/2010 10 1.04 55,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/8/2010 10 1.04 55,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/9/2010 10 1.04 13,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/9/2010 10 1.04 13,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/9/2010 10 1.04 12,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/9/2010 10 1.04 12,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/10/2010 10 1 138,100 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/10/2010 10 1 138,100 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/10/2010 10 1 126,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/10/2010 10 1 126,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/13/2010 10 1.08 250,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/13/2010 10 1.08 250,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/13/2010 10 1.08 50,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/13/2010 10 1.08 50,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/13/2010 10 1.02 31,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/13/2010 10 1.02 31,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/13/2010 10 1.02 29,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/13/2010 10 1.02 29,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/16/2010 10 0.97 25,000 Management, L.P.

June 5, 2014 (2014), 37 OSCB 5511

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/16/2010 10 0.97 25,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/16/2010 10 0.97 25,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/16/2010 10 0.97 25,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/17/2010 10 0.99 119,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/17/2010 10 0.99 119,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/17/2010 10 0.99 109,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/17/2010 10 0.99 109,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/20/2010 10 0.99 38,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/20/2010 10 0.99 38,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/20/2010 10 0.99 34,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/20/2010 10 0.99 34,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/21/2010 10 0.99 33,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/21/2010 10 0.99 33,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/21/2010 10 0.99 33,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/21/2010 10 0.99 33,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/22/2010 10 0.99 1,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/22/2010 10 0.99 1,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/22/2010 10 0.99 1,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/22/2010 10 0.99 1,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/29/2010 10 0.99 135,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/29/2010 10 0.99 135,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/29/2010 10 0.99 124,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/29/2010 10 0.99 124,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/30/2010 10 0.99 25,432 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/30/2010 10 0.99 25,432 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/30/2010 10 0.99 6,568 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/30/2010 10 0.99 6,568 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/30/2010 10 0.99 29,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/30/2010 10 0.99 29,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/31/2010 10 0.99 193,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/31/2010 10 0.99 193,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/31/2010 10 0.99 176,800 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 12/31/2010 10 0.99 176,800 Management, L.P.

June 5, 2014 (2014), 37 OSCB 5512

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/4/2011 10 0.99 125,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/4/2011 10 0.99 125,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/4/2011 10 0.99 114,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/4/2011 10 0.99 114,500 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/5/2011 10 0.99 1,900 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/5/2011 10 0.99 1,900 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/5/2011 10 0.99 1,800 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/5/2011 10 0.99 1,800 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/19/2011 10 1 183,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/19/2011 10 1 183,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/19/2011 10 1 167,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/19/2011 10 1 167,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/20/2011 00 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/20/2011 00 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/20/2011 00 16,939,206 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/8/2011 10 0.99 70,800 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/8/2011 10 0.99 70,800 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/8/2011 10 0.99 64,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/8/2011 10 0.99 64,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/9/2011 10 0.99 84,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/9/2011 10 0.99 84,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/9/2011 10 0.99 77,300 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/9/2011 10 0.99 77,300 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/16/2011 10 0.99 43,400 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/16/2011 10 0.99 43,400 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/16/2011 10 0.99 39,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/16/2011 10 0.99 39,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/17/2011 10 0.99 52,300 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/17/2011 10 0.99 52,300 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/17/2011 10 0.99 47,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/17/2011 10 0.99 47,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/18/2011 10 0.99 171,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/18/2011 10 0.99 171,600 Management, L.P.

June 5, 2014 (2014), 37 OSCB 5513

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/18/2011 10 0.99 156,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/18/2011 10 0.99 156,700 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/22/2011 10 0.99 143,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/22/2011 10 0.99 143,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/22/2011 10 0.99 130,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/22/2011 10 0.99 130,000 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/23/2011 10 0.99 23,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/23/2011 10 0.99 23,600 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/23/2011 10 0.99 21,400 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/23/2011 10 0.99 21,400 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/24/2011 10 0.99 8,100 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/24/2011 10 0.99 8,100 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/24/2011 10 0.99 7,400 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 2/24/2011 10 0.99 7,400 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 1.03 432,997 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 1.03 432,997 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 0.99 362,001 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 0.99 362,001 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 0.99 137,999 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 0.99 137,999 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 1 45,371 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 1 45,371 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 1 204,629 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 1 204,629 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 1.03 331,603 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 3/1/2011 10 1.03 331,603 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/20/2011 00 Management, L.P. Scorpio Mining Corporation Common Shares Tocqueville Asset 3 1/20/2011 00 16,699,542 Management, L.P. Secure Energy Services Inc. Common Shares Amirault, Rene 3, 4, 5 5/15/2014 30 19.386 10 Secure Energy Services Inc. Common Shares Amirault, Rene 3, 4, 5 5/15/2014 30 19.386 23,101 10 Employee Share Ownership Plan Secure Energy Services Inc. Common Shares Gransch, Allen Peter 5 5/15/2014 30 19.386 88 Secure Energy Services Inc. Common Shares Gransch, Allen Peter 5 5/15/2014 30 19.386 11,990 88 Employee Share Ownership Plan Secure Energy Services Inc. Rights DSU's Johnson, David Daniel 4 5/15/2014 30 19.386 17,412 15 Secure Energy Services Inc. Rights DSU's MUNRO, BRADLEY R. 4, 7 5/15/2014 30 19.386 17,412 15 Secure Energy Services Inc. Common Shares NUGENT, Kevin 4 5/27/2014 47 73,750 -250

June 5, 2014 (2014), 37 OSCB 5514

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Secure Energy Services Inc. Rights DSU's NUGENT, Kevin 4 5/15/2014 30 19.386 17,412 15 Secure Energy Services Inc. Common Shares Parkinson, Dean 7 5/15/2014 30 19.386 2 Secure Energy Services Inc. Common Shares Parkinson, Dean 7 5/15/2014 30 19.386 3,465 2 Employee Share Ownership Plan Secure Energy Services Inc. Rights DSU (rights) Paterson, Richard Shaun 5 5/15/2014 30 19.386 9,321 9 Serabi Gold plc Options Harvey, T. Sean 4 5/26/2014 52 3,600,000 -200,000 Serabi Gold plc Options Hodgson, Michael Jonathan 4, 5 5/26/2014 52 9,575,000 -250,000 Serabi Gold plc Options Jones, Douglas 4 5/26/2014 52 1,200,000 -200,000 Serabi Gold plc Options Line, Clive Malcolm 4, 5 5/26/2014 52 7,825,000 -250,000 Serabi Gold plc Options Williams, Melvyn 4 5/26/2014 52 2,350,000 -200,000 ShaMaran Petroleum Corp. Common Shares Guidry, Gary Stephen 4 5/22/2014 10 0.35 100,000 -100,000 (formerly Bayou Bend Petroleum Ltd.) Shamrock Enterprises Inc. Common Shares McIntosh, Brian Cameron 3 5/26/2014 16 0.05 2,535,000 1,000,000 Shamrock Enterprises Inc. Warrants McIntosh, Brian Cameron 3 5/26/2014 53 1,600,000 1,000,000 Shamrock Enterprises Inc. Common Shares Osinchuk, Gordon R. 4, 5 5/26/2014 16 0.05 1,203,000 100,000 Shamrock Enterprises Inc. Warrants Osinchuk, Gordon R. 4, 5 9/15/2010 00 Shamrock Enterprises Inc. Warrants Osinchuk, Gordon R. 4, 5 5/26/2014 53 100,000 100,000 SIERRA MADRE Common Shares von Einsiedel, Carl 4, 5 5/23/2014 10 0.01 12,667 6,000 DEVELOPMENTS INC. Alexander Sierra Wireless, Inc. Common Shares Aasen, Gregory D. 4 5/26/2014 51 39,684 4,814 Sierra Wireless, Inc. Common Shares Aasen, Gregory D. 4 5/26/2014 10 20.824 34,870 -4,814 Sierra Wireless, Inc. Common Shares Aasen, Gregory D. 4 5/27/2014 10 21.131 33,270 -1,600 Sierra Wireless, Inc. Common Shares Aasen, Gregory D. 4 5/27/2014 10 21.136 32,770 -500 Sierra Wireless, Inc. Common Shares Aasen, Gregory D. 4 5/27/2014 10 21.097 32,470 -300 Sierra Wireless, Inc. Common Shares Aasen, Gregory D. 4 5/27/2014 10 21.141 31,570 -900 Sierra Wireless, Inc. Common Shares Aasen, Gregory D. 4 5/27/2014 10 21.1 31,070 -500 Sierra Wireless, Inc. Common Shares Aasen, Gregory D. 4 5/27/2014 10 21.1 30,970 -100 Sierra Wireless, Inc. Common Shares Aasen, Gregory D. 4 5/27/2014 10 21.084 29,870 -1,100 Sierra Wireless, Inc. Options Aasen, Gregory D. 4 5/26/2014 51 17,575 -4,814 Sierra Wireless, Inc. Common Shares Cohenour, Jason W. 4, 5 5/27/2014 51 322,543 15,771 Sierra Wireless, Inc. Common Shares Cohenour, Jason W. 4, 5 5/27/2014 10 19.421 306,772 -15,771 Sierra Wireless, Inc. Common Shares Cohenour, Jason W. 4, 5 5/27/2014 51 310,524 3,752 Sierra Wireless, Inc. Common Shares Cohenour, Jason W. 4, 5 5/27/2014 10 19.496 306,772 -3,752 Sierra Wireless, Inc. Options Cohenour, Jason W. 4, 5 5/27/2014 51 202,168 -15,771 Sierra Wireless, Inc. Options Cohenour, Jason W. 4, 5 5/27/2014 51 198,416 -3,752 Sierra Wireless, Inc. Common Shares Schieler, August Daniel 7 5/27/2014 51 27,598 7,221 Sierra Wireless, Inc. Common Shares Schieler, August Daniel 7 5/27/2014 10 19.395 20,377 -7,221 Sierra Wireless, Inc. Common Shares Schieler, August Daniel 7 5/28/2014 10 21.152 16,377 -4,000 Sierra Wireless, Inc. Options Schieler, August Daniel 7 5/27/2014 51 61,787 -7,221 Sierra Wireless, Inc. Common Shares Thexton, Kent Paul 4 5/27/2014 51 14,348 434 Sierra Wireless, Inc. Common Shares Thexton, Kent Paul 4 5/27/2014 10 21.19 13,914 -434 Sierra Wireless, Inc. Options Thexton, Kent Paul 4 5/27/2014 51 22,389 -434 Silver Standard Resources Common Shares TOMSETT, PETER 4 5/30/2014 10 6.97 20,000 10,000 Inc. WILLIAM Silver Stream Mining Corp. Common Shares GROSS, Michael P. 5 3/31/2014 00 Silver Stream Mining Corp. Common Shares GROSS, Michael P. 5 3/31/2014 00 Silver Stream Mining Corp. Common Shares GROSS, Michael P. 5 3/31/2014 00 400,000 Silver Wheaton Corp. Common Shares Carpenter, Bradley William 7 5/23/2014 51 15.45 7,650 7,500 Silver Wheaton Corp. Common Shares Carpenter, Bradley William 7 5/23/2014 10 21.252 150 -7,500 Silver Wheaton Corp. Options Carpenter, Bradley William 7 5/23/2014 51 15.45 41,000 -7,500 Silver Wheaton Corp. Units Performance Carpenter, Bradley William 7 4/23/2014 97 0 -3,000 Shares Silver Wheaton Corp. Common Shares Tatarkin, Nikola 5 9/2/2011 51 12.6 14,000 11,000 Silver Wheaton Corp. Common Shares Tatarkin, Nikola 5 9/2/2011 10 40 3,000 -11,000 Silver Wheaton Corp. Options Tatarkin, Nikola 5 9/2/2011 51 12.6 121,000 -11,000 Skyline International Common Shares Shub, Vadim 5 5/14/2014 00 Development Inc. Skyline International Common Shares Shub, Vadim 5 5/27/2014 51 0.001 5,420 5,420 Development Inc.

June 5, 2014 (2014), 37 OSCB 5515

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Skyline International Options Shub, Vadim 5 5/27/2014 51 0.001 163,320 -5,420 Development Inc. Slate Retail REIT (formerly, Trust Units Class U Units Stevenson, Gregory 5 4/22/2014 00 Slate U.S. Opportunity (No. 1) Realty Trust) Slate Retail REIT (formerly, Trust Units Class U Units Stevenson, Gregory 5 5/27/2014 10 10.5 1,600 1,600 Slate U.S. Opportunity (No. 1) Realty Trust) Slate Retail REIT (formerly, Trust Units Class U Units Welch, Blair 4, 5 5/16/2014 10 10.67 126,663 9,200 Slate U.S. Opportunity (No. 1) Realty Trust) Slate Retail REIT (formerly, Trust Units Class U Units Welch, Blair 4, 5 5/16/2014 10 11.53 137,163 10,500 Slate U.S. Opportunity (No. 1) Realty Trust) Slate Retail REIT (formerly, Trust Units Class U Units Welch, Brady Scott 4, 5 5/16/2014 10 10.67 126,663 9,200 Slate U.S. Opportunity (No. 1) Realty Trust) Slate Retail REIT (formerly, Trust Units Class U Units Welch, Brady Scott 4, 5 5/16/2014 10 11.53 137,163 10,500 Slate U.S. Opportunity (No. 1) Realty Trust) Solarvest BioEnergy Inc. Common Shares Greenham, Gerri Joseph 4 5/23/2014 10 0.3 8,268,000 4,000 Solarvest BioEnergy Inc. Common Shares Greenham, Gerri Joseph 4 5/26/2014 10 0.3 8,282,000 14,000 Solarvest BioEnergy Inc. Common Shares Greenham, Gerri Joseph 4 5/27/2014 10 0.28 8,285,500 3,500 Solarvest BioEnergy Inc. Common Shares Greenham, Gerri Joseph 4 5/28/2014 10 0.28 8,286,500 1,000 Sphere 3D Corporation Common Shares Inwentash, Sheldon 6 5/26/2014 10 9.132 1,648,600 3,500 (formerly T.B. Mining Ventures Inc.) Sphere 3D Corporation Common Shares Inwentash, Sheldon 6 5/28/2014 10 9.3021 1,685,100 36,500 (formerly T.B. Mining Ventures Inc.) Spot Coffee (Canada) Ltd. Common Shares Dahlawi, Hassan 6 5/23/2014 10 0.065 9,649,985 -30,000 Mohammed Jamil Spot Coffee (Canada) Ltd. Common Shares Dahlawi, Hassan 6 5/26/2014 10 0.065 9,627,985 -22,000 Mohammed Jamil Spot Coffee (Canada) Ltd. Common Shares Lorenzo, John Michael 4 5/26/2014 10 0.07 5,182,324 30,000 ST ANDREW GOLDFIELDS Common Shares Abramson, Randall 3 5/28/2014 97 15,211,197 -65,574 LTD. Stantec Inc. Common Shares LOWRY, Donald James 4 5/8/2013 00 Stantec Inc. Common Shares LOWRY, Donald James 4 5/22/2014 10 66.042 2,000 2,000 Starcore International Mines Common Shares Eadie, Robert 4, 5 5/30/2014 10 0.155 1,810,500 95,000 Ltd. Stella-Jones Inc. Common Shares Armstrong, John Frederick 6 5/27/2014 11 30.04 10,250 -750 Cunningham Stella-Jones Inc. Common Shares Armstrong, John Frederick 6 5/27/2014 11 30.1 11,000 750 Cunningham Stella-Jones Inc. Common Shares Shineton, Barrie 4 5/6/2010 00 Stella-Jones Inc. Common Shares Shineton, Barrie 4 5/27/2014 51 7.07 30,000 30,000 Stella-Jones Inc. Options Shineton, Barrie 4 5/27/2014 51 7.07 0 -30,000 Stem Cell Therapeutics Units Deferred Share Beshar, Luke 4 3/10/2014 00 Corp. Units Stem Cell Therapeutics Units Deferred Share Beshar, Luke 4 5/27/2014 97 0.278 143,885 143,885 Corp. Units Stem Cell Therapeutics Units Deferred Share FRIESEN, HENRY 4 6/27/2011 00 Corp. Units Stem Cell Therapeutics Units Deferred Share FRIESEN, HENRY 4 5/27/2014 97 0.278 143,885 143,885 Corp. Units Stem Cell Therapeutics Units Deferred Share Kirkman, Robert Lawrence 4 12/17/2013 00 Corp. Units Stem Cell Therapeutics Units Deferred Share Kirkman, Robert Lawrence 4 5/27/2014 97 0.278 143,885 143,885 Corp. Units Stem Cell Therapeutics Units Deferred Share Moore, Michael 4 4/9/2013 00 Corp. Units Stem Cell Therapeutics Units Deferred Share Moore, Michael 4 5/27/2014 97 0.278 143,885 143,885 Corp. Units Stem Cell Therapeutics Options Parsons, James Todd 5 5/27/2014 50 2,035,222 809,089 Corp.

June 5, 2014 (2014), 37 OSCB 5516

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Stem Cell Therapeutics Options Petrova, Penka 5 5/27/2014 50 1,517,041 606,816 Corp. Stem Cell Therapeutics Units Deferred Share Reynolds, Thomas 4 3/10/2014 00 Corp. Units Stem Cell Therapeutics Units Deferred Share Reynolds, Thomas 4 5/27/2014 97 0.278 143,885 143,885 Corp. Units Stem Cell Therapeutics Options Stiernholm, Bjorn Johan 4 5/27/2014 50 10,163,610 4,045,444 Corp. Niclas Stem Cell Therapeutics Units Deferred Share STILLER, CALVIN R. 4 7/18/2011 00 Corp. Units Stem Cell Therapeutics Units Deferred Share STILLER, CALVIN R. 4 5/27/2014 97 0.278 143,885 143,885 Corp. Units Stem Cell Therapeutics Options Uger, Robert 5 5/27/2014 50 2,528,402 1,011,361 Corp. Sterling Resources Ltd. Options expiry May 29, Beacom, Mark Douglas 7 10/13/2010 00 620,000 2019 Sterling Resources Ltd. Options expiry May 26, Birrell, Stephen 7 5/27/2014 52 2.03 110,000 -110,000 2015 Sterling Resources Ltd. Options expiry May 29, Blewden, David Michael 5 8/2/2010 00 930,000 2019 Sterling Resources Ltd. Options expiry May 26, Carter, Robert Brian 4 5/26/2014 52 2.03 36,667 -36,667 2015 Sterling Resources Ltd. Options expiry May 29, COLEMAN, James 4 6/11/2013 00 2019 Hayward Sterling Resources Ltd. Options expiry May 29, COLEMAN, James 4 5/30/2014 50 310,000 310,000 2019 Hayward Sterling Resources Ltd. Options expiry May 29, Collenette, John Paul 4 11/13/2012 00 120,000 2019 Sterling Resources Ltd. Options expiry May 26, Cremer, Sherry Louise 5 5/27/2014 52 2.03 56,666 -56,667 2015 Sterling Resources Ltd. Options expiry May 29, Cremer, Sherry Louise 5 5/28/2003 00 460,000 2019 Sterling Resources Ltd. Options expiry May 29, Davies, David Gareth 7 9/10/2012 00 620,000 2019 Ashley Sterling Resources Ltd. Options expiry May 26, Findlater, David Alexander 7 5/27/2014 52 2.03 50,000 -50,000 2015 Sterling Resources Ltd. Options expiry May 29, Findlater, David Alexander 7 7/19/2004 00 460,000 2019 Sterling Resources Ltd. Common Shares Ingalls & Snyder, LLC 3 5/21/2014 10 0.5044 35,184,543 22,000 Sterling Resources Ltd. Common Shares Ingalls & Snyder, LLC 3 5/27/2014 10 0.4978 35,215,043 30,500 Sterling Resources Ltd. Options expiry May 26, Kong, Teck Soon 4 5/27/2014 52 2.03 46,666 -46,667 2015 Sterling Resources Ltd. Options expiry May 29, Kong, Teck Soon 4 6/30/2004 00 120,000 2019 Sterling Resources Ltd. Options expiry May 26, Miller, David 7 5/27/2014 52 2.03 10,000 -10,000 2015 Sterling Resources Ltd. Options expiry May 29, Miller, David 7 5/28/2003 00 120,000 2019 Sterling Resources Ltd. Options expiry May 26, Rapach, John 5 5/27/2014 52 2.03 146,666 -146,667 2015 Sterling Resources Ltd. Options expiry May 29, Rapach, John 5 8/25/2005 00 930,000 2019 Sterling Resources Ltd. Options expiry May 29, Ulrich, Jacob Shields 4 6/11/2013 00 1,360,000 2019 Sterling Resources Ltd. Options expiry May 26, Whitley, Patrick 7 5/27/2014 52 2.03 56,666 -56,667 2015 Sterling Resources Ltd. Options expiry May 29, Whitley, Patrick 7 2/1/2008 00 620,000 2019 Stornoway Diamond Subscription Rights LeBoutillier, John 4 7/20/2011 00 Corporation Publicly Traded Stornoway Diamond Subscription Rights LeBoutillier, John 4 5/23/2014 15 0.7 150,000 150,000 Corporation Publicly Traded Stornoway Diamond Subscription Rights Mercier, Monique 4 7/20/2011 00 Corporation Publicly Traded Stornoway Diamond Subscription Rights Mercier, Monique 4 5/23/2014 15 0.7 50,000 50,000 Corporation Publicly Traded

June 5, 2014 (2014), 37 OSCB 5517

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Stornoway Diamond Subscription Rights Ressources Québec inc. 3 5/23/2014 00 142,857,142 Corporation Privately Placed Stornoway Diamond Subscription Rights Scherkus, Ebe 4 1/17/2007 00 Corporation Publicly Traded Stornoway Diamond Subscription Rights Scherkus, Ebe 4 5/23/2014 15 0.7 200,000 200,000 Corporation Publicly Traded Stornoway Diamond Subscription Receipts Vézina, Serge 4 3/9/2009 00 Corporation (publicly traded) Stornoway Diamond Subscription Receipts Vézina, Serge 4 3/9/2009 00 Corporation (publicly traded) Stornoway Diamond Subscription Receipts Vézina, Serge 4 5/23/2014 15 0.7 10,000 Corporation (publicly traded) Stornoway Diamond Subscription Receipts Vézina, Serge 4 5/23/2014 15 0.7 10,000 Corporation (publicly traded) Stornoway Diamond Subscription Receipts Vézina, Serge 4 5/26/2014 15 0.7 10,000 Corporation (publicly traded) Stornoway Diamond Subscription Rights Vézina, Serge 4 3/9/2009 00 Corporation Publicly Traded Stornoway Diamond Subscription Rights Vézina, Serge 4 5/23/2014 15 10,000 10,000 Corporation Publicly Traded Strata Minerals Inc. Common Shares Agro, Hugh 4 5/23/2014 10 0.185 588,550 20,000 Strata Minerals Inc. Common Shares Agro, Hugh 4 5/28/2014 10 0.2 593,550 5,000 Sulliden Gold Corporation Common Shares Agnico Eagle Mines Limited 3 5/29/2014 16 1.1 0 -26,966,292 Ltd. Suncor Energy Inc. Common Shares MacSween, Michael 5 5/23/2014 51 31.85 2,500 2,500 Roderick Suncor Energy Inc. Common Shares MacSween, Michael 5 5/23/2014 10 42.58 0 -2,500 Roderick Suncor Energy Inc. Common Shares MacSween, Michael 5 5/23/2014 51 31.85 700 700 Roderick Suncor Energy Inc. Common Shares MacSween, Michael 5 5/23/2014 10 42.57 0 -700 Roderick Suncor Energy Inc. Common Shares MacSween, Michael 5 5/23/2014 51 31.85 5,000 5,000 Roderick Suncor Energy Inc. Common Shares MacSween, Michael 5 5/23/2014 10 42.56 0 -5,000 Roderick Suncor Energy Inc. Common Shares MacSween, Michael 5 5/23/2014 51 31.85 900 900 Roderick Suncor Energy Inc. Common Shares MacSween, Michael 5 5/23/2014 10 42.55 0 -900 Roderick Suncor Energy Inc. Common Shares MacSween, Michael 5 5/23/2014 51 31.85 4,100 4,100 Roderick Suncor Energy Inc. Common Shares MacSween, Michael 5 5/23/2014 10 42.53 0 -4,100 Roderick Suncor Energy Inc. Common Shares MacSween, Michael 5 5/23/2014 51 31.85 300 300 Roderick Suncor Energy Inc. Common Shares MacSween, Michael 5 5/23/2014 10 42.54 0 -300 Roderick Suncor Energy Inc. Common Shares MacSween, Michael 5 5/23/2014 51 31.85 1,500 1,500 Roderick Suncor Energy Inc. Common Shares MacSween, Michael 5 5/23/2014 10 42.52 0 -1,500 Roderick Suncor Energy Inc. Options - Suncor Energy MacSween, Michael 5 5/23/2014 51 31.85 427,500 -2,500 Option Plan (Post August Roderick 1, 2009) Suncor Energy Inc. Options - Suncor Energy MacSween, Michael 5 5/23/2014 51 31.85 426,800 -700 Option Plan (Post August Roderick 1, 2009) Suncor Energy Inc. Options - Suncor Energy MacSween, Michael 5 5/23/2014 51 31.85 421,800 -5,000 Option Plan (Post August Roderick 1, 2009) Suncor Energy Inc. Options - Suncor Energy MacSween, Michael 5 5/23/2014 51 31.85 420,900 -900 Option Plan (Post August Roderick 1, 2009) Suncor Energy Inc. Options - Suncor Energy MacSween, Michael 5 5/23/2014 51 31.85 416,800 -4,100 Option Plan (Post August Roderick 1, 2009)

June 5, 2014 (2014), 37 OSCB 5518

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Suncor Energy Inc. Options - Suncor Energy MacSween, Michael 5 5/23/2014 51 31.85 416,500 -300 Option Plan (Post August Roderick 1, 2009) Suncor Energy Inc. Options - Suncor Energy MacSween, Michael 5 5/23/2014 51 31.85 415,000 -1,500 Option Plan (Post August Roderick 1, 2009) SunOpta Inc. Common Shares Routh, Allan Glen 4, 5 5/22/2014 51 5.74 356,829 22,500 SunOpta Inc. Options Routh, Allan Glen 4, 5 5/22/2014 51 5.74 217,000 -22,500 Superior Plus Corp. Common Shares Bingham, Wayne Mitchell 5 5/27/2014 10 13.45 241,724 12,000 Superior Plus Corp. Common Shares Bissell, Eugene V.N. 4 5/7/2014 00 8,572 Supremex Inc. Common Shares Paradis, Dany 4 5/27/2014 10 2.55 4,800 -1,000 Supremex Inc. Common Shares Paradis, Dany 4 5/27/2014 10 2.6 2,800 -2,000 Supremex Inc. Common Shares Paradis, Dany 4 5/28/2014 10 2.6 0 -2,800 Supremex Inc. Common Shares Supremex Inc 1 5/22/2014 38 2.5 3,600 3,600 Supremex Inc. Common Shares Supremex Inc 1 5/22/2014 38 0 -3,600 Supremex Inc. Common Shares Supremex Inc 1 5/23/2014 38 2.5 3,700 3,700 Supremex Inc. Common Shares Supremex Inc 1 5/23/2014 38 0 -3,700 Supremex Inc. Common Shares Supremex Inc 1 5/26/2014 38 2.5 600 600 Supremex Inc. Common Shares Supremex Inc 1 5/26/2014 38 0 -600 SustainCo Inc. Common Shares David, Emlyn 4, 7, 5 5/27/2014 10 0.195 438,000 5,000 Synex International Inc. Common Shares sunell, gregory jack 3, 4, 7, 1 5/26/2014 51 0.5 4,089,589 30,000 Synex International Inc. Options sunell, gregory jack 3, 4, 7, 1 5/26/2014 51 0.5 490,000 -30,000 TAG Oil Ltd Common Shares TAG Oil Ltd. 1 5/29/2014 10 2.7 109,600 25,000 TAG Oil Ltd Common Shares TAG Oil Ltd. 1 5/30/2014 38 0 -109,600 Talon Metals Corp. Options Rassuchine, Jeffrey 4 3/11/2014 00 Alexander Talon Metals Corp. Options Rassuchine, Jeffrey 4 5/28/2014 50 0.3 300,000 300,000 Alexander Talon Metals Corp. Common Shares Van Rooyen, Henri 4, 5 5/28/2014 10 0.195 216,814 10,000 Talon Metals Corp. Common Shares Van Rooyen, Henri 4, 5 5/29/2014 10 0.195 236,814 20,000 Tanager Energy Inc. Common Shares Squarek, John Edward 4, 5 5/26/2014 10 9,625,500 27,500 (formerly MGold Resources Inc.) Tanager Energy Inc. Common Shares Squarek, John Edward 4, 5 5/27/2014 10 9,650,500 25,000 (formerly MGold Resources Inc.) Taranis Resources Inc. Common Shares Kent, George Robert 4, 5 5/23/2014 10 0.043 5,491,567 10,000 Temex Resources Corp. Common Shares Durham, Robert Bruce 4, 5 5/22/2014 10 0.07 1,382,500 100,000 Temex Resources Corp. Common Shares Durham, Robert Bruce 4, 5 5/23/2014 10 0.07 1,404,500 22,000 Temex Resources Corp. Common Shares Durham, Robert Bruce 4, 5 5/26/2014 10 0.065 1,564,500 160,000 Temple Hotels Inc. Common Shares Thorsteinson, Arni Clayton 4, 5 5/15/2014 30 6.0154 760,806 3,936 Temple Hotels Inc. Common Shares Thorsteinson, Arni Clayton 4, 5 5/15/2014 30 5.78 761,917 1,111 Temple Hotels Inc. Common Shares Thorsteinson, Arni Clayton 4, 5 5/22/2014 30 5.7861 762,796 879 Temple Hotels Inc. Common Shares Thorsteinson, Arni Clayton 4, 5 5/27/2014 10 5.6911 769,296 6,500 Temple Hotels Inc. Common Shares Thorsteinson, Arni Clayton 4, 5 5/22/2002 10 5.72 1,862,321 30,000 Temple Hotels Inc. Common Shares Thorsteinson, Arni Clayton 4, 5 5/15/2014 30 5.78 2,470,476 5,297 Temple Hotels Inc. Common Shares Thorsteinson, Arni Clayton 4, 5 5/22/2014 30 5.73 2,502,284 1,248 Temple Hotels Inc. Common Shares Thorsteinson, Arni Clayton 4, 5 5/23/2014 10 5.68 2,512,284 10,000 Temple Hotels Inc. Common Shares Thorsteinson, Arni Clayton 4, 5 5/23/2014 30 5.783 2,524,129 11,845 TeraGo Inc. Common Shares GRAFSTEIN, Jerahmiel 4 5/28/2014 10 26,810 1,668 Samson TeraGo Inc. Options GRAFSTEIN, Jerahmiel 4 5/28/2014 51 4 35,087 -1,668 Samson TeraGo Inc. Common Shares McDonald, James Douglas 4 5/26/2014 10 51,024 1,668 TeraGo Inc. Options McDonald, James Douglas 4 5/26/2014 51 4 35,577 -1,668 Teranga Gold Corporation Common Shares Young, Richard Scott 4, 5 5/26/2014 10 0.64 708,030 150,000 Teranga Gold Corporation Common Shares Young, Richard Scott 4, 5 5/27/2014 10 0.61 878,030 170,000 Terra Firma Capital Options Bart, Christopher Kenneth 4 5/20/2014 50 0.5 164,000 50,000 Corporation Terra Firma Capital Options Kaplan, John David 3, 4 10/11/2013 00 Corporation

June 5, 2014 (2014), 37 OSCB 5519

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Terra Firma Capital Options Kaplan, John David 3, 4 5/20/2014 50 0.5 65,000 65,000 Corporation Terra Firma Capital Common Shares Meyer, Yisrael Dov 5 5/23/2014 10 0.47 1,253,902 20,000 Corporation Terra Firma Capital Common Shares Meyer, Yisrael Dov 5 5/23/2014 10 0.46 1,283,902 30,000 Corporation Terra Firma Capital Common Shares Meyer, Yisrael Dov 5 5/23/2014 10 0.48 1,286,902 3,000 Corporation Terra Firma Capital Common Shares Meyer, Yisrael Dov 5 5/23/2014 10 0.465 1,291,902 5,000 Corporation Terra Firma Capital Common Shares Meyer, Yisrael Dov 5 5/26/2014 10 0.48 1,314,402 22,500 Corporation Terra Firma Capital Common Shares Meyer, Yisrael Dov 5 5/26/2014 10 0.485 1,339,402 25,000 Corporation Terra Firma Capital Common Shares Meyer, Yisrael Dov 5 5/28/2014 10 0.55 1,389,402 50,000 Corporation Terra Firma Capital Common Shares Montgomery, Carolyn 5 5/12/2012 00 Corporation Terra Firma Capital Common Shares Montgomery, Carolyn 5 5/27/2014 10 0.51 10,000 10,000 Corporation Terra Firma Capital Options Montgomery, Carolyn 5 5/12/2012 00 Corporation Terra Firma Capital Options Montgomery, Carolyn 5 5/20/2014 50 0.5 85,000 85,000 Corporation Terra Firma Capital Options Reichmann, Philip 4 5/20/2014 50 0.5 164,000 50,000 Corporation Terra Firma Capital Options Rosenblatt, Reuben 4 5/20/2014 50 0.5 164,000 50,000 Corporation Maurice Terra Firma Capital Common Shares Temkin, Seymour 4 11/8/2011 00 Corporation Terra Firma Capital Common Shares Temkin, Seymour 4 5/26/2014 10 0.48 20,000 20,000 Corporation Terra Firma Capital Options Temkin, Seymour 4 5/20/2014 50 0.5 150,334 65,000 Corporation Terra Firma Capital Common Shares Thiyagarajah, Manokaran 5 5/23/2014 10 0.46 57,500 25,500 Corporation Terra Firma Capital Common Shares Thiyagarajah, Manokaran 5 5/29/2014 10 0.61 71,500 14,000 Corporation Terra Firma Capital Options Thiyagarajah, Manokaran 5 2/1/2013 00 Corporation Terra Firma Capital Options Thiyagarajah, Manokaran 5 5/20/2014 50 0.5 175,000 175,000 Corporation Tesla Exploration Ltd. Common Shares Tesla Exploration Ltd. 1 5/27/2014 38 2.65 0 -500,000 (formerly Norex Exploration Services Inc.) Tethys Petroleum Limited Common Shares Wells, William Paul Wells 3 5/30/2014 10 0.3652 33,085,335 -180,000 The Descartes Systems Restricted Stock Unit - Diederik, Raimond 5 5/31/2014 97 7,678 -1,790 Group Inc. Cash-settled The Descartes Systems Restricted Stock Unit - Gardner, Edward James 5 5/31/2014 97 9,704 -2,173 Group Inc. Cash-settled The Descartes Systems Restricted Stock Unit - Jones, Christopher 5 5/31/2014 97 15,711 -660 Group Inc. Cash-settled The Descartes Systems Restricted Stock Unit - Jones, Christopher 5 5/31/2014 97 12,970 -2,741 Group Inc. Cash-settled The Descartes Systems Restricted Stock Unit - Pagan, John Scott 7, 5 5/31/2014 97 7,116 -2,117 Group Inc. Cash-settled The Descartes Systems Restricted Stock Unit - Ryan, Edward 5 5/31/2014 97 8,645 -1,440 Group Inc. Cash-settled The Descartes Systems Restricted Stock Unit - Wood, Kenneth Edward 5 5/31/2014 97 5,728 -862 Group Inc. Cash-settled The Streetwear Corporation Common Shares Hawkins, Warren Russell 4 1/17/2014 00 The Toronto-Dominion Bank Common Shares CUSIP Bragg, John 4 5/26/2014 10 53.75 390,058 6,400 891160 50 9 The Toronto-Dominion Bank Common Shares CUSIP Hockey, Timothy 5 5/23/2014 51 36.335 144,447 124,504 891160 50 9 The Toronto-Dominion Bank Common Shares CUSIP Hockey, Timothy 5 5/23/2014 10 53.29 19,943 -124,504 891160 50 9

June 5, 2014 (2014), 37 OSCB 5520

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed The Toronto-Dominion Bank Common Shares CUSIP Hockey, Timothy 5 5/23/2014 51 21.25 48,755 28,812 891160 50 9 The Toronto-Dominion Bank Common Shares CUSIP Hockey, Timothy 5 5/28/2014 47 53.93 25,238 -23,517 891160 50 9 The Toronto-Dominion Bank Common Shares CUSIP Hockey, Timothy 5 5/29/2014 47 53.88 19,943 -5,295 891160 50 9 The Toronto-Dominion Bank Options Hockey, Timothy 5 5/23/2014 51 36.335 583,968 -124,504 The Toronto-Dominion Bank Options Hockey, Timothy 5 5/23/2014 51 21.25 555,156 -28,812 Theratechnologies Inc. Common Shares Ingalls & Snyder, LLC 3 5/22/2014 10 0.4263 4,985,105 -6,000 Thermal Energy International Options Crossland, William 4, 5 5/28/2014 50 3,542,360 500,360 Inc. Thermal Energy International Options Flynn, Julia 5 5/28/2014 50 1,878,000 254,000 Inc. Thermal Energy International Options Francoeur, Michel 5 5/28/2014 50 1,503,000 254,000 Inc. Thermal Energy International Options Mawby, Samuel Thomas 5 5/28/2014 50 1,853,000 254,000 Inc. Thermal Energy International Options Triebe, Robert William 5 5/28/2014 50 2,028,000 254,000 Inc. Thompson Creek Metals Rights Performance Cassity, Wendy Jean 5 5/22/2014 56 189,582 92,700 Company Inc. Share Units Thompson Creek Metals Rights Restricted Share Cassity, Wendy Jean 5 5/22/2014 56 49,214 30,900 Company Inc. Units Thompson Creek Metals Options Giardini, Anne 4 5/26/2014 00 Company Inc. Thompson Creek Metals Options Giardini, Anne 4 5/26/2014 50 50,000 50,000 Company Inc. Thompson Creek Metals Rights Restricted Share Giardini, Anne 4 5/26/2014 00 Company Inc. Units Thompson Creek Metals Rights Restricted Share Giardini, Anne 4 5/26/2014 56 18,207 18,207 Company Inc. Units Thompson Creek Metals Options Gibbs, Christopher 5 5/22/2014 50 95,000 50,000 Company Inc. Thompson Creek Metals Rights Performance Gibbs, Christopher 5 5/22/2014 56 120,943 60,268 Company Inc. Share Units Thompson Creek Metals Rights Restricted Share Gibbs, Christopher 5 5/22/2014 56 30,726 17,243 Company Inc. Units Thompson Creek Metals Options Hollow, John 5 5/22/2014 50 95,000 50,000 Company Inc. Thompson Creek Metals Rights Performance Hollow, John 5 5/22/2014 56 93,289 55,414 Company Inc. Share Units Thompson Creek Metals Rights Restricted Share Hollow, John 5 5/22/2014 56 26,887 18,471 Company Inc. Units Thompson Creek Metals Rights Performance Perron, Jacques 4, 5 5/22/2014 56 294,643 294,643 Company Inc. Share Units Thompson Creek Metals Rights Restricted Share Perron, Jacques 4, 5 5/22/2014 56 398,214 98,214 Company Inc. Units Thompson Creek Metals Rights Performance Saxton, Pamela Lou 5 5/22/2014 56 283,575 138,656 Company Inc. Share Units Thompson Creek Metals Rights Restricted Share Saxton, Pamela Lou 5 5/22/2014 56 73,626 46,219 Company Inc. Units Thompson Creek Metals Rights Performance Shellhaas, Scott 5 5/22/2014 56 381,260 186,429 Company Inc. Share Units Thompson Creek Metals Rights Restricted Share Shellhaas, Scott 5 5/22/2014 56 98,973 62,143 Company Inc. Units Thompson Creek Metals Rights Performance Watson, Kent 7 5/22/2014 56 122,870 62,277 Company Inc. Share Units Thompson Creek Metals Rights Restricted Share Watson, Kent 7 5/22/2014 56 31,719 20,759 Company Inc. Units Thompson Creek Metals Rights Performance Wilson, Mark 5 5/22/2014 56 253,329 123,871 Company Inc. Share Units Thompson Creek Metals Rights Restricted Share Wilson, Mark 5 5/22/2014 56 65,768 41,290 Company Inc. Units Thomson Reuters Common Shares The Woodbridge Company 3 5/29/2014 47 37.76 455,911,262 -3,330 Corporation Limited Thomson Reuters Common Shares The Woodbridge Company 3 5/29/2014 10 37.8 455,914,592 3,330 Corporation Limited

June 5, 2014 (2014), 37 OSCB 5521

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Till Capital Ltd. Restricted Voting Shares Rickard, John Terrell 7 5/29/2014 00 25,856 Till Capital Ltd. Restricted Voting Shares Rickard, John Terrell 7 5/29/2014 00 24,443 Till Capital Ltd. Restricted Voting Shares Rickard, John Terrell 7 5/29/2014 00 25,856 Till Capital Ltd. Restricted Voting Shares Rickard, John Terrell 7 5/29/2014 00 197,911 Tim Hortons Inc. Common Shares Hardman, Stephanie 7, 5 5/27/2014 10 59.56 415 -100 Tim Hortons Inc. Options (stock McMullen, David H. 7, 5 5/27/2014 51 45.76 14,554 -2,537 appreciation rights may/may not be granted in tandem) Tim Hortons Inc. Options (stock Nadeau, Michael G. 7, 5 5/26/2014 51 45.76 18,112 -1,268 appreciation rights may/may not be granted in tandem) Tim Hortons Inc. Options (stock Nowlan, Peter 5 5/21/2014 50 59.96 21,739 appreciation rights may/may not be granted in tandem) Tim Hortons Inc. Options (stock Nowlan, Peter 5 5/21/2014 50 58.95 22,123 22,123 appreciation rights may/may not be granted in tandem) Tim Hortons Inc. Performance Share Units Nowlan, Peter 5 5/21/2014 56 59.96 7,504 (PSU) Tim Hortons Inc. Performance Share Units Nowlan, Peter 5 5/21/2014 56 58.95 7,633 7,633 (PSU) Tim Hortons Inc. Restricted Stock Units Nowlan, Peter 5 5/21/2014 56 59.96 5,003 Tim Hortons Inc. Restricted Stock Units Nowlan, Peter 5 5/21/2014 56 58.95 5,089 5,089 Titan Medical Inc. Options Wolff, Bruce Gilles 4 3/11/2014 00 Titan Medical Inc. Options Wolff, Bruce Gilles 4 5/21/2014 50 1.94 31,658 31,658 TitanStar Properties Inc. Common Shares Turner, Thomas Richard 4, 5 1/13/2014 16 0.08 738,462 (formerly DPVC Inc.) TitanStar Properties Inc. Common Shares Turner, Thomas Richard 4, 5 10/17/2008 00 (formerly DPVC Inc.) TitanStar Properties Inc. Common Shares Turner, Thomas Richard 4, 5 1/13/2014 16 0.08 738,462 738,462 (formerly DPVC Inc.) TMX Group Limited Common Shares Hoffman, Brenda Lee 5 5/23/2014 51 28.67 500 500 TMX Group Limited Common Shares Hoffman, Brenda Lee 5 5/23/2014 10 57.75 0 -500 TMX Group Limited Options Hoffman, Brenda Lee 5 5/23/2014 51 28.67 88,178 -500 TMX Group Limited Common Shares Kloet, Thomas Archie 4, 5 5/28/2014 51 40.53 30,000 12,500 TMX Group Limited Common Shares Kloet, Thomas Archie 4, 5 5/28/2014 10 57.32 26,100 -3,900 TMX Group Limited Common Shares Kloet, Thomas Archie 4, 5 5/28/2014 10 57.4 17,500 -8,600 TMX Group Limited Common Shares Kloet, Thomas Archie 4, 5 5/29/2014 51 40.53 30,676 13,176 TMX Group Limited Common Shares Kloet, Thomas Archie 4, 5 5/29/2014 10 57.52 29,376 -1,300 TMX Group Limited Common Shares Kloet, Thomas Archie 4, 5 5/29/2014 10 57.3 24,376 -5,000 TMX Group Limited Common Shares Kloet, Thomas Archie 4, 5 5/29/2014 10 57.35 20,376 -4,000 TMX Group Limited Common Shares Kloet, Thomas Archie 4, 5 5/29/2014 10 57.75 19,876 -500 TMX Group Limited Common Shares Kloet, Thomas Archie 4, 5 5/29/2014 10 57.36 17,500 -2,376 TMX Group Limited Options Kloet, Thomas Archie 4, 5 5/28/2014 51 40.53 324,387 -12,500 TMX Group Limited Options Kloet, Thomas Archie 4, 5 5/29/2014 51 40.53 311,211 -13,176 TMX Group Limited Common Shares Pel, Sharon Christina 5 5/29/2014 51 48.22 1,000 TMX Group Limited Common Shares Pel, Sharon Christina 5 5/29/2014 51 48.22 1,000 TMX Group Limited Common Shares Pel, Sharon Christina 5 5/29/2014 10 57.5 -1,000 TMX Group Limited Common Shares Pel, Sharon Christina 5 5/29/2014 10 57.5 -1,000 TMX Group Limited Common Shares Pel, Sharon Christina 5 5/29/2014 51 48.22 7,440 1,000 TMX Group Limited Common Shares Pel, Sharon Christina 5 5/29/2014 10 57.5 6,440 -1,000 TMX Group Limited Options Pel, Sharon Christina 5 5/2/2014 51 48.22 -1,000 TMX Group Limited Options Pel, Sharon Christina 5 5/2/2014 51 48.22 -1,000 TMX Group Limited Options Pel, Sharon Christina 5 5/29/2014 51 48.22 55,352 -1,000 TMX Group Limited Common Shares Ptasznik, Michael Steven 5 5/23/2014 51 40.53 8,508 7,830 TMX Group Limited Common Shares Ptasznik, Michael Steven 5 5/23/2014 10 57.185 678 -7,830 TMX Group Limited Common Shares Ptasznik, Michael Steven 5 5/23/2014 51 48.22 6,078 5,400 TMX Group Limited Common Shares Ptasznik, Michael Steven 5 5/23/2014 10 57.013 678 -5,400 TMX Group Limited Common Shares Ptasznik, Michael Steven 5 5/23/2014 51 48.22 51

June 5, 2014 (2014), 37 OSCB 5522

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed TMX Group Limited Common Shares Ptasznik, Michael Steven 5 5/23/2014 51 48.22 51 TMX Group Limited Common Shares Ptasznik, Michael Steven 5 5/23/2014 10 57.6 -51 TMX Group Limited Common Shares Ptasznik, Michael Steven 5 5/23/2014 10 57.6 -51 TMX Group Limited Common Shares Ptasznik, Michael Steven 5 5/29/2014 51 48.22 729 51 TMX Group Limited Common Shares Ptasznik, Michael Steven 5 5/29/2014 10 57.6 678 -51 TMX Group Limited Options Ptasznik, Michael Steven 5 5/23/2014 51 40.53 66,184 -7,830 TMX Group Limited Options Ptasznik, Michael Steven 5 5/23/2014 51 48.22 60,784 -5,400 TMX Group Limited Options Ptasznik, Michael Steven 5 5/23/2014 51 48.22 -51 TMX Group Limited Options Ptasznik, Michael Steven 5 5/23/2014 51 48.22 -51 TMX Group Limited Options Ptasznik, Michael Steven 5 5/29/2014 51 48.22 60,733 -51 TomaGold Corporation Common Shares de Grondin, David 4, 5 5/27/2014 10 0.1583 348,200 30,000 catégorie "A" Total Energy Services Inc. Common Shares Total Energy Services Inc 1 5/26/2014 10 21.64 35,200 4,500 Total Energy Services Inc. Common Shares Total Energy Services Inc 1 5/27/2014 10 21.632 40,000 4,800 Total Energy Services Inc. Common Shares Total Energy Services Inc 1 5/28/2014 10 21.459 44,600 4,600 Total Energy Services Inc. Common Shares Total Energy Services Inc 1 5/29/2014 10 21.395 49,500 4,900 Touchstone Exploration Inc. Common Shares Baay, Paul Raymond 4, 5 5/13/2014 00 Touchstone Exploration Inc. Common Shares Baay, Paul Raymond 4, 5 5/20/2014 22 894,369 Touchstone Exploration Inc. Common Shares Baay, Paul Raymond 4, 5 5/20/2014 22 847,241 847,241 Touchstone Exploration Inc. Common Shares Baay, Paul Raymond 4, 5 5/20/2014 10 0.97 849,241 2,000 Touchstone Exploration Inc. Common Shares Baay, Paul Raymond 4, 5 5/27/2014 10 0.97 857,241 8,000 Touchstone Exploration Inc. Common Shares Budau, Christopher Scott 5 5/13/2014 00 Touchstone Exploration Inc. Common Shares Budau, Christopher Scott 5 5/20/2014 22 41,039 41,039 Touchstone Exploration Inc. Common Shares Hatzinikolas, Andrea 5 5/20/2014 37 62,991 -57,946 Touchstone Exploration Inc. Options Hatzinikolas, Andrea 5 12/31/2012 38 0.01 0 -95,950 Touchstone Exploration Inc. Common Shares Mitzel, Trevor 4 5/13/2014 00 Touchstone Exploration Inc. Common Shares Mitzel, Trevor 4 5/20/2014 22 44,582 44,582 Touchstone Exploration Inc. Common Shares Shipka, James 5 5/13/2014 00 Touchstone Exploration Inc. Common Shares Shipka, James 5 5/20/2014 22 57,208 57,208 Touchstone Exploration Inc. Common Shares Smith, Richard Gregg 4 5/13/2014 00 111,330 Touchstone Exploration Inc. Common Shares Smith, Richard Gregg 4 5/20/2014 22 188,883 77,553 Touchstone Exploration Inc. Common Shares Valentine, Thomas 5 5/13/2014 00 Touchstone Exploration Inc. Common Shares Valentine, Thomas 5 5/20/2014 22 1,752 1,752 Transat A.T. inc. Options Caradec, Patrice 7 5/18/2014 52 15.68 -2,754 Transat A.T. inc. Options Caradec, Patrice 7 5/18/2014 52 15.68 -2,754 Transat A.T. inc. Options Caradec, Patrice 7 5/18/2014 52 15.68 160,303 -2,754 Transat A.T. inc. Options Caradec, Patrice 7 5/20/2003 00 Transat A.T. inc. Options Caradec, Patrice 7 5/20/2003 00 Transat A.T. inc. Options Caradec, Patrice 7 5/18/2014 52 15.68 -2,754 TransCanada Corporation Common Shares Van der Put, Jan 7 5/22/2014 51 41.95 1,000 1,000 TransCanada Corporation Common Shares Van der Put, Jan 7 5/22/2014 10 51.75 0 -1,000 TransCanada Corporation Options Granted Feb. 17, Van der Put, Jan 7 5/22/2014 51 6,428 -1,000 2012 @ $41.95 CDN TransGlobe Energy DSU Dyment, Fred J. 4 5/20/2014 56 7.26 12,400 Corporation TransGlobe Energy DSU Dyment, Fred J. 4 5/20/2014 56 7.26 19,735 19,735 Corporation TransGlobe Energy DSU Jennings, Robert 4 5/20/2014 56 7.26 15,500 Corporation TransGlobe Energy DSU Jennings, Robert 4 5/20/2014 56 7.26 26,818 26,818 Corporation Traverse Energy Ltd. Common Shares Kolibar, Daniel George 4, 5 5/28/2014 51 0.4 255,000 100,000 Traverse Energy Ltd. Options Kolibar, Daniel George 4, 5 5/28/2014 51 0.4 210,000 -100,000 Traverse Energy Ltd. Common Shares smith, laurie james 3, 4, 5 5/23/2014 10 1.16 5,244,800 1,000 Traverse Energy Ltd. Common Shares smith, laurie james 3, 4, 5 5/26/2014 10 1.16 5,247,800 3,000 Tree Island Steel Ltd. Common Shares Fitch, Michael Allen 4 5/26/2014 10 2.2 27,871 7,600 Tree Island Steel Ltd. Common Shares Fitch, Michael Allen 4 5/26/2014 10 2.15 28,071 200 Tree Island Steel Ltd. Common Shares Fitch, Michael Allen 4 5/26/2014 10 2.21 31,271 3,200 Trilogy Energy Corp. Common Shares Riddell, Clayton H. 3, 4, 6 5/23/2014 11 28.29 5,000,000 Trilogy Energy Corp. Common Shares Riddell, Clayton H. 3, 4, 6 5/23/2014 11 28.29 5,000,000

June 5, 2014 (2014), 37 OSCB 5523

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Trilogy Energy Corp. Common Shares Riddell, Clayton H. 3, 4, 6 5/23/2014 11 28.29 11,367,982 2,300,000 Trilogy Energy Corp. Common Shares Riddell, Clayton H. 3, 4, 6 5/23/2014 10 28.29 -2,300,000 Trilogy Energy Corp. Common Shares Riddell, Clayton H. 3, 4, 6 5/23/2014 11 28.29 12,791,266 -2,300,000 Trimel Pharmaceuticals Common Shares Gregory, Stephen Robert 4 7/14/2011 99 122,727 122,727 Corporation (formerly J5 Acquisition Corp.) Trimel Pharmaceuticals Common Shares Gregory, Stephen Robert 4 7/14/2011 99 0 -122,727 Corporation (formerly J5 Acquisition Corp.) True North Gems Inc. Options Hall, Ronald Ashley 5 12/21/2012 00 500,000 True North Gems Inc. Options Houghton, Nicholas John 4 6/25/2009 52 450,000 -100,000 True North Gems Inc. Options Houghton, Nicholas John 4 8/30/2010 52 1,200,000 -150,000 True North Gems Inc. Options Houghton, Nicholas John 4 4/3/2013 52 2,400,000 -100,000 True North Gems Inc. Warrants Houghton, Nicholas John 4 11/5/2010 55 608,500 -200,000 True North Gems Inc. Warrants Houghton, Nicholas John 4 12/24/2011 55 156,250 -200,000 True North Gems Inc. Warrants Houghton, Nicholas John 4 10/1/2012 55 0.15 -156,250 True North Gems Inc. Warrants Houghton, Nicholas John 4 10/1/2012 55 0.15 -156,250 True North Gems Inc. Warrants Houghton, Nicholas John 4 8/9/2013 55 0 -115,000 Tsodilo Resources Limited Common Shares Cushing, David James 4 5/26/2014 11 1.28 2,170,776 -213,140 Tsodilo Resources Limited Common Shares Cushing, David James 4 5/29/2014 11 1.28 2,383,916 213,140 Tsodilo Resources Limited Warrants Cushing, David James 4 5/30/2008 00 Tsodilo Resources Limited Warrants Cushing, David James 4 5/29/2014 11 213,140 213,140 Tucows Inc. Common Shares Morrisett, Lloyd N. 4 5/27/2014 51 2.24 186,875 9,375 Tucows Inc. Options Morrisett, Lloyd N. 4 5/27/2014 51 2.24 220,625 -9,375 Twin Butte Energy Ltd. Common Shares Steele, Alan 5 5/22/2014 35 1,834 Twin Butte Energy Ltd. Common Shares Steele, Alan 5 5/22/2014 35 1,834 U.S. Silver & Gold Inc. Common Shares Blasutti, Darren John 4, 5 5/26/2014 10 0.453 261,423 11,000 Ucore Rare Metals Inc. Common Shares CONCEPT CAPITAL 3 4/21/2014 00 MANAGEMENT LTD Ucore Rare Metals Inc. Common Shares CONCEPT CAPITAL 3 4/21/2014 00 9,957,895 MANAGEMENT LTD Unigold Inc. Common Shares Inwentash, Sheldon 3, 6 5/23/2014 10 0.04 21,500,000 -2,000,000 Unigold Inc. Common Shares Inwentash, Sheldon 3, 6 5/26/2014 10 0.04 15,300,000 -6,200,000 Urbana Corporation Common Shares Gundy, Michael Brydon 4 5/21/2014 10 1.92 95,000 -5,000 Charles Urbanimmersive Common Shares Asselin, Jean 5 5/30/2014 00 11,000 Technologies Inc. Urbanimmersive Common Shares Asselin, Jean 5 5/30/2014 00 1,026,909 Technologies Inc. Urbanimmersive Options Asselin, Jean 5 5/30/2014 00 12,500 Technologies Inc. UrtheCast Corp. Common Shares Bedziuok, Serguei 5 6/21/2013 00 UrtheCast Corp. Common Shares Bedziuok, Serguei 5 5/15/2014 57 60,000 60,000 UrtheCast Corp. Rights Restricted Share Bedziuok, Serguei 5 6/21/2013 00 Units UrtheCast Corp. Rights Restricted Share Bedziuok, Serguei 5 8/29/2013 56 240,000 240,000 Units UrtheCast Corp. Rights Restricted Share Bedziuok, Serguei 5 5/15/2014 57 180,000 -60,000 Units UrtheCast Corp. Common Shares Hoeschen, Chris 5 3/24/2014 00 UrtheCast Corp. Common Shares Hoeschen, Chris 5 5/15/2014 10 1.37 22,300 22,300 UrtheCast Corp. Common Shares Hoeschen, Chris 5 3/24/2014 00 UrtheCast Corp. Common Shares Hoeschen, Chris 5 5/15/2014 10 1.37 22,300 22,300 UrtheCast Corp. Common Shares Lacavera, Anthony 8 6/21/2013 00 UrtheCast Corp. Common Shares Lacavera, Anthony 8 3/11/2014 57 37,500 37,500 UrtheCast Corp. Common Shares Lacavera, Anthony 8 5/28/2014 10 1.41 35,500 -2,000 UrtheCast Corp. Common Shares Lacavera, Anthony 8 5/28/2014 10 1.4 23,400 -12,100 UrtheCast Corp. Common Shares Lacavera, Anthony 8 5/28/2014 10 1.39 5,200 -18,200 UrtheCast Corp. Common Shares Lacavera, Anthony 8 5/28/2014 10 1.38 0 -5,200 UrtheCast Corp. Rights Restricted Share Lacavera, Anthony 8 6/21/2013 00 Units

June 5, 2014 (2014), 37 OSCB 5524

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed UrtheCast Corp. Rights Restricted Share Lacavera, Anthony 8 8/29/2013 56 150,000 150,000 Units UrtheCast Corp. Rights Restricted Share Lacavera, Anthony 8 3/11/2014 57 112,500 -37,500 Units UrtheCast Corp. Common Shares Larson, Scott Theodore 4, 5 6/21/2013 00 UrtheCast Corp. Common Shares Larson, Scott Theodore 4, 5 5/15/2014 57 90,000 90,000 UrtheCast Corp. Rights Restricted Share Larson, Scott Theodore 4, 5 5/15/2014 57 270,000 -90,000 Units UrtheCast Corp. Common Shares Larson, Wade Jeffrey 4, 5 5/15/2014 57 124,146 90,000 UrtheCast Corp. Rights Restricted Share Larson, Wade Jeffrey 4, 5 5/15/2014 57 270,000 -90,000 Units UrtheCast Corp. Common Shares Nordal, Greg 4 5/22/2014 10 1.525 20,000 10,000 Valeant Pharmaceuticals Rights Restricted Share Farmer, Ron 4 5/28/2014 56 130.83 19,064 2,866 International, Inc. Units (RSUs) Valeant Pharmaceuticals Rights Restricted Share Goggins, Colleen 4 5/20/2014 00 International, Inc. Units (RSUs) Valeant Pharmaceuticals Rights Restricted Share Goggins, Colleen 4 5/23/2014 56 130.83 2,866 2,866 International, Inc. Units (RSUs) Valeant Pharmaceuticals Rights Restricted Share Ingram, Robert A. 4 5/23/2014 56 130.83 59,870 2,866 International, Inc. Units (RSUs) Valeant Pharmaceuticals Common Shares Lonner, Anders 4 5/20/2014 00 25,698 International, Inc. Valeant Pharmaceuticals Rights Restricted Share Melas-Kyriazi, Theo 4 5/23/2014 56 130.83 76,530 2,866 International, Inc. Units (RSUs) Valeant Pharmaceuticals Rights Restricted Share Power, Robert Noel 4 5/23/2014 56 130.83 7,888 2,866 International, Inc. Units (RSUs) Valeant Pharmaceuticals Rights Restricted Share Provencio, Norma Ann 4 5/23/2014 56 130.83 52,658 2,866 International, Inc. Units (RSUs) Valeant Pharmaceuticals Rights Restricted Share Stevenson, Katharine 4 5/23/2014 56 130.83 7,888 2,866 International, Inc. Units (RSUs) Berghuis Velan Inc. Subordinate Voting Kernaghan, Edward James 3 5/28/2014 10 19 940,300 -3,800 Shares Velan Inc. Subordinate Voting Kernaghan, Edward James 3 5/28/2014 10 19.02 939,400 -900 Shares Velan Inc. Subordinate Voting Kernaghan, Edward James 3 5/28/2014 10 19.01 939,300 -100 Shares Velan Inc. Subordinate Voting Kernaghan, Edward James 3 5/28/2014 10 19.25 939,200 -100 Shares Velan Inc. Subordinate Voting Kernaghan, Edward James 3 5/28/2014 10 19.26 939,100 -100 Shares Velan Inc. Subordinate Voting Smith, Andrew 5 5/27/2014 10 18.45 2,613 -1,900 Shares Velan Inc. Subordinate Voting Smith, Andrew 5 5/29/2014 10 19 2,500 -2,500 Shares Vena Resources Inc. Common Shares Vegarra, Juan 4, 5 5/28/2014 10 0.06 506,000 5,000 Vena Resources Inc. Common Shares Vegarra, Juan 4, 5 5/29/2014 10 0.06 510,000 4,000 Vena Resources Inc. Common Shares Vegarra, Juan 4, 5 5/29/2014 10 0.065 514,000 4,000 Veresen Inc. Common Shares King, Kevan Scott 5 5/27/2014 30 259.66 3,226 17 Veresen Inc. Common Shares King, Kevan Scott 5 5/27/2014 30 15.274 2,654 14 Victory Nickel Inc. Common Shares Nuinsco Resources Limited 3 5/23/2014 10 0.06 58,838,615 -16,000 Victory Nickel Inc. Common Shares Nuinsco Resources Limited 3 5/26/2014 10 0.06 58,812,615 -26,000 Victory Nickel Inc. Common Shares Nuinsco Resources Limited 3 5/27/2014 10 0.06 58,338,615 -474,000 Vicwest Inc. Common Shares IKO Enterprises Ltd 3 5/30/2014 00 1,961,300 Virginia Mines Inc. Common Shares Archer, Paul 5 5/28/2014 51 3.89 96,000 3,500 Virginia Mines Inc. Common Shares Archer, Paul 5 5/28/2014 10 12.125 92,500 -3,500 Virginia Mines Inc. Options Archer, Paul 5 5/28/2014 51 3.89 228,300 -3,500 VVC Exploration Corporation Common Shares CAMEX MINING 2 5/23/2014 11 0.031 2,646,594 -1,612,000 DEVELOPMENT GROUP INC. WestJet Airlines Ltd. Common Shares - Voting Beddoe, Clive 5 5/27/2014 10 24.29 658,660 -25,000 WestJet Airlines Ltd. Common Shares - Voting Beddoe, Clive 5 5/28/2014 10 24.25 623,660 -35,000 WestJet Airlines Ltd. Common Shares - Voting Beddoe, Clive 5 5/29/2014 10 24.55 583,660 -40,000 WestJet Airlines Ltd. Common Shares - Voting Saretsky, Gregg Albert 5 5/29/2014 10 24.35 103,134 -5,000 Whitecap Resources Inc. Common Shares Armstrong, Joel Maxwell 5 5/29/2014 51 6.13 178,731 16,666

June 5, 2014 (2014), 37 OSCB 5525

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Whitecap Resources Inc. Common Shares Armstrong, Joel Maxwell 5 5/29/2014 51 5.61 212,064 33,333 Whitecap Resources Inc. Common Shares Armstrong, Joel Maxwell 5 5/29/2014 51 6.23 228,730 16,666 Whitecap Resources Inc. Common Shares Armstrong, Joel Maxwell 5 5/30/2014 10 14.91 222,530 -6,200 Whitecap Resources Inc. Common Shares Armstrong, Joel Maxwell 5 5/30/2014 10 14.9 162,065 -60,465 Whitecap Resources Inc. Options Armstrong, Joel Maxwell 5 5/29/2014 51 108,334 -16,666 Whitecap Resources Inc. Options Armstrong, Joel Maxwell 5 5/29/2014 51 75,001 -33,333 Whitecap Resources Inc. Options Armstrong, Joel Maxwell 5 5/29/2014 51 58,335 -16,666 Wi-LAN Inc. Common Shares Vladescu, Michael 5 5/15/2014 30 2.87 64,100 1,300 Wolfpack Gold Corp. Common Shares Till Capital Ltd. 3 5/27/2014 16 0.1 11,089,000 5,000,000 WPT Industrial Real Estate Deferred Unit Arkema, Milo Dwight 4 5/27/2014 46 6,680 5,028 Investment Trust WPT Industrial Real Estate Trust Units Arkema, Milo Dwight 4 4/26/2013 00 Investment Trust WPT Industrial Real Estate Trust Units Arkema, Milo Dwight 4 5/28/2014 10 9.79 800 800 Investment Trust WPT Industrial Real Estate Trust Units Arkema, Milo Dwight 4 5/28/2014 10 9.785 3,000 1,000 Investment Trust WPT Industrial Real Estate Deferred Unit Cimino, Matthew James 5 5/27/2014 56 30,738 15,000 Investment Trust WPT Industrial Real Estate Options Cimino, Matthew James 5 5/27/2014 50 110,000 50,000 Investment Trust WPT Industrial Real Estate Deferred Unit Frederiksen, Scott 4, 5 5/27/2014 56 40,985 20,000 Investment Trust WPT Industrial Real Estate Deferred Unit Frederiksen, Scott 4, 5 5/29/2014 56 20,000 Investment Trust WPT Industrial Real Estate Deferred Unit Frederiksen, Scott 4, 5 5/29/2014 56 20,000 Investment Trust WPT Industrial Real Estate Options Frederiksen, Scott 4, 5 5/27/2014 50 220,000 100,000 Investment Trust WPT Industrial Real Estate Deferred Unit Heieie, Dennis Grant 5 5/27/2014 56 30,738 15,000 Investment Trust WPT Industrial Real Estate Options Heieie, Dennis Grant 5 5/27/2014 50 50,000 Investment Trust WPT Industrial Real Estate Options Heieie, Dennis Grant 5 5/27/2014 50 50,000 Investment Trust WPT Industrial Real Estate Options Heieie, Dennis Grant 5 5/27/2014 50 110,000 50,000 Investment Trust WPT Industrial Real Estate Deferred Unit Kavanagh, Sarah Baldwin 4 5/27/2014 46 6,811 5,066 Investment Trust WPT Industrial Real Estate Deferred Unit Rosenbaum, Harry 4 5/27/2014 46 6,492 4,711 Investment Trust WPT Industrial Real Estate Deferred Unit Silberstein, Andrew 4 5/27/2014 46 6,345 4,748 Investment Trust WPT Industrial Real Estate Options Silberstein, Andrew 4 4/26/2013 00 Investment Trust WPT Industrial Real Estate Options Silberstein, Andrew 4 4/26/2013 00 Investment Trust WPT Industrial Real Estate Deferred Unit Swanson, Charles 4 5/27/2014 46 7,144 5,344 Investment Trust WPT Industrial Real Estate Deferred Unit Wolf, Robert Thomas 4 5/27/2014 46 9,684 7,528 Investment Trust WSP Global Inc. Options Ackert, David Lloyd 5 5/27/2014 50 37.75 39,476 39,476 WSP Global Inc. Performance Share Unit Ackert, David Lloyd 5 5/27/2014 56 37.75 8,706 WSP Global Inc. Performance Share Unit Ackert, David Lloyd 5 5/27/2014 56 37.75 8,706 WSP Global Inc. Performance Share Unit Ackert, David Lloyd 5 5/27/2014 56 37.75 8,706 8,706 WSP Global Inc. Common Shares Bélanger, Richard 4 5/29/2014 10 38.273 5,000 2,000 WSP Global Inc. Common Shares Perreault, Josée 4 5/28/2014 10 38.597 2,500 2,500 Xebec Adsorption Inc. Options Beckett, William K. 4 5/29/2014 50 0.14 605,337 200,000 Xebec Adsorption Inc. Options Bédard, Jean 4 5/29/2014 50 0.14 578,065 200,000 Ximen Mining Corp. Common Shares Anderson, Christopher 4 5/23/2014 10 1 923,100 5,000 Ross Ximen Mining Corp. Common Shares Anderson, Christopher 4 5/23/2014 10 1 926,600 3,500 Ross Ximen Mining Corp. Common Shares Anderson, Christopher 4 5/23/2014 10 0.99 930,100 3,500 Ross

June 5, 2014 (2014), 37 OSCB 5526

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Ximen Mining Corp. Common Shares Anderson, Christopher 4 5/23/2014 10 1 935,600 5,500 Ross Xmet Inc. Options Colin, Jean-Pierre 4 5/27/2014 50 650,000 50,000 Xtra-Gold Resources Corp. Common Shares Xtra-Gold Resources Corp. 1 5/27/2014 38 0.28 89,000 89,000 Xtra-Gold Resources Corp. Common Shares Xtra-Gold Resources Corp. 1 5/27/2014 38 0 -89,000 Yamana Gold Inc. Options Begeman, John A. 4 5/29/2014 52 0 -8,000 Yamana Gold Inc. Options Graff, Richard P 4 5/29/2014 52 0 -8,000 Yamana Gold Inc. Options Mars, Patrick James 4 5/29/2014 52 0 -8,000 Yamana Gold Inc. Options Renzoni, Carl 4 5/29/2014 52 0 -8,000 Yamana Gold Inc. Options Titaro, Dino 4 5/29/2014 52 0 -8,000 Yangarra Resources Ltd. Common Shares Weir, Robert 4 5/22/2014 10 1.18 0 -3,800 Yangarra Resources Ltd. Common Shares Weir, Robert 4 5/22/2014 10 1.18 804,067 -62,422 Yieldplus Income Fund Trust Units YIELDPLUS Income Fund 1 5/23/2014 38 7.9 84,686,294 800 Yieldplus Income Fund Trust Units YIELDPLUS Income Fund 1 5/27/2014 10 8.01 84,683,694 -2,600 Yoho Resources Inc. Options McLachlan, Brian 4, 5 1/27/2014 51 2.78 -50,000 Yoho Resources Inc. Options McLachlan, Brian 4, 5 1/27/2014 51 2.78 -50,000 Yoho Resources Inc. Options McLachlan, Brian 4, 5 3/6/2014 51 2.6 -200,000 Yoho Resources Inc. Options McLachlan, Brian 4, 5 3/6/2014 51 2.6 -200,000 Yorbeau Resources Inc. Common Shares Class A Bodnar jr., Georges 4 5/28/2014 22 99,950 14,583 Yorbeau Resources Inc. Warrants Bodnar jr., Georges 4 11/6/2000 00 Yorbeau Resources Inc. Warrants Bodnar jr., Georges 4 5/28/2014 53 7,291 7,291 Yorbeau Resources Inc. Common Shares Class A Crevier, David 4, 5 5/28/2014 22 13,946,174 937,699 Yorbeau Resources Inc. Common Shares Class A Crevier, David 4, 5 5/28/2014 22 139,667 19,667 Yorbeau Resources Inc. Common Shares Class A Crevier, David 4, 5 5/28/2014 22 593,666 18,666 Yorbeau Resources Inc. Warrants Crevier, David 4, 5 6/6/2003 00 Yorbeau Resources Inc. Warrants Crevier, David 4, 5 5/28/2014 53 468,849 468,849 Yorbeau Resources Inc. Warrants Crevier, David 4, 5 6/6/2003 00 Yorbeau Resources Inc. Warrants Crevier, David 4, 5 5/28/2014 53 9,833 9,833 Yorbeau Resources Inc. Warrants Crevier, David 4, 5 6/6/2003 00 Yorbeau Resources Inc. Warrants Crevier, David 4, 5 5/28/2014 53 9,333 9,333 Yorbeau Resources Inc. Common Shares Class A DiTomaso, Frank 4 1/25/2012 00 Yorbeau Resources Inc. Common Shares Class A DiTomaso, Frank 4 5/28/2014 22 41 41 Yorbeau Resources Inc. Warrants DiTomaso, Frank 4 1/25/2012 00 Yorbeau Resources Inc. Warrants DiTomaso, Frank 4 5/28/2014 53 20 20 Yorbeau Resources Inc. Common Shares Class A Perron, François 4, 5 11/4/2010 00 Yorbeau Resources Inc. Common Shares Class A Perron, François 4, 5 5/28/2014 22 33,333 33,333 Yorbeau Resources Inc. Warrants Perron, François 4, 5 11/4/2010 00 Yorbeau Resources Inc. Warrants Perron, François 4, 5 5/28/2014 53 16,666 16,666 Yorbeau Resources Inc. Common Shares Class A UGUR, ERCAN 5 5/28/2014 22 100,852 40,186 Yorbeau Resources Inc. Warrants UGUR, ERCAN 5 6/15/2006 00 Yorbeau Resources Inc. Warrants UGUR, ERCAN 5 5/28/2014 53 20,093 20,093 ZADAR VENTURES LTD. Common Shares Walsh, Jason 8 5/26/2014 10 0.07 832,500 50,000 Zaio Corporation Options Gregory, David B. 4 10/24/2013 00 Zaio Corporation Options Gregory, David B. 4 5/28/2014 50 100,000 100,000 Zaio Corporation Rights Restricted Share Hauer, Craig Colin 5 5/28/2014 56 0.205 1,500,000 750,000 Units Zaio Corporation Rights Restricted Share King, David William 5 5/28/2014 56 0.205 4,000,000 2,000,000 Units Zazu Metals Corporation Common Shares Atzmon, Gil 5 5/23/2014 10 0.4899 5,296,500 5,000 Zazu Metals Corporation Common Shares Crumb, Joshua Dale 4 5/26/2014 10 0.548 20,000 -30,000 Zazu Metals Corporation Common Shares Crumb, Joshua Dale 4 5/26/2014 10 0.54 40,000 20,000 Zazu Metals Corporation Common Shares Crumb, Joshua Dale 4 5/27/2014 10 0.54 50,000 10,000 Zenith Epigenetics Corp. Options Cann, Aaron Bradley 5 5/26/2014 50 112,000 29,400 Zenith Epigenetics Corp. Units Restricted Share Cann, Aaron Bradley 5 5/26/2014 97 106,000 49,600 Units Zenith Epigenetics Corp. Options Johann, Peter 4 5/26/2014 50 260,000 60,000 Zenith Epigenetics Corp. Options Lebioda, Kenneth Eugene 5 5/26/2014 50 231,800 20,200 Zenith Epigenetics Corp. Units Restricted Share Lebioda, Kenneth Eugene 5 5/26/2014 97 90,200 34,100 Units Zenith Epigenetics Corp. Options MCCAFFREY, DONALD J. 4, 5 5/26/2014 50 669,400 90,100

June 5, 2014 (2014), 37 OSCB 5527

Insider Reporting

Issuer Name Security Insider Name Rel'n Transaction T/O Unit Date/Month End Acquired/ Date Price Holdings Disposed Zenith Epigenetics Corp. Units Restricted Share MCCAFFREY, DONALD J. 4, 5 5/26/2014 97 343,700 153,100 Units Zenith Epigenetics Corp. Options McNeill, Kelly Bret 4 5/26/2014 50 175,000 35,000 Zenith Epigenetics Corp. Options Smith, Eldon 4 5/26/2014 46 0.41 35,000 Zenith Epigenetics Corp. Options Smith, Eldon 4 5/26/2014 46 0.45 200,000 35,000 Zenith Epigenetics Corp. Options Zuerblis, Kenneth 4 5/26/2014 50 275,000 35,000

June 5, 2014 (2014), 37 OSCB 5528

Chapter 8

Notice of Exempt Financings

REPORT OF TRADES SUBMITTED ON FORMS 45-106F1 AND 45-501F1

Transaction Date No. of Issuer/Security Total No. of Purchasers Purchase Securities Price ($) Distributed

04/22/2014 17 Acheson Commercial Corner RRSP Inc. - Bonds 583,000.00 N/A

03/21/2014 13 Acheson Commercial Corner RRSP Inc. - Bonds 541,000.00 N/A

03/31/2014 140 Ginkgo Mortgage Investment Corporation - Preferred 2,084,324.84 208,432.48 Shares 01/28/2013 to 2 Manulife Canadian Real Estate Investment Fund - Units 3,000,000.00 233,391.42 03/21/2013 03/31/2014 7 Secure Capital MIC Inc. - Preferred Shares 373,900.00 373,900.00

03/31/2014 3 The Solidity Group Mortgage Investment Corporation - 405,237.00 405,237.00 Common Shares 01/24/2014 to 2 Trez Capital Prime Trust - Trust Units 100,400.00 10,040.00 01/30/2014 02/21/2014 to 2 Trez Capital Prime Trust - Trust Units 165,000.00 16,500.00 02/25/2014 01/02/2014 to 3 Trez Capital Prime Trust - Trust Units 148,800.00 14,880.00 01/07/2014 01/13/2014 to 3 Trez Capital Prime Trust - Trust Units 297,000.00 29,700.00 01/22/2014 03/31/2014 1 Value Partners Group Inc. - Common Shares 19,999.44 18,518.00

June 5, 2014 (2014), 37 OSCB 5529

Notice of Exempt Financings

This page intentionally left blank

June 5, 2014 (2014), 37 OSCB 5530

Chapter 11

IPOs, New Issues and Secondary Financings

Issuer Name: Issuer Name: Americas Petrogas Inc. Brand Leaders Plus Income Fund Principal Regulator - Alberta Principal Regulator - Ontario Type and Date: Type and Date: Amended and Restated Preliminary Short Form Prospectus Preliminary Long Form Prospectus dated May 29, 2014 dated May 27, 2014 NP 11-202 Receipt dated May 29, 2014 NP 11-202 Receipt dated May 27, 2014 Offering Price and Description: Offering Price and Description: Maximum $* - * Units $14,999,999.00 - 16,666,666 Units Price: $10.00 per Class A Unit and US$10.00 per Class U Price: $0.90 per Unit Unit Underwriter(s) or Distributor(s): Minimum Purchase: 200 Class A Unit or Class U Units MACKIE RESEARCH CAPITAL CORPORATION Underwriter(s) or Distributor(s): RBC DOMINION SECURITIES INC. CIBC WORLD MARKETSINC. TD SECURITIES INC. BMO NESBITT BURNS INC. CORMARK SECURITIES INC. SCOTIA CAPITAL INC. Promoter(s): NATIONAL BANK FINANCIAL INC. - CANACCORD GENUITY CORP. Project #2211696 DESJARDINS SECURITIES INC. GMP SECURITIES L.P. ______RAYMOND JAMES LTD. Issuer Name: DUNDEE SECURITIES LTD. Bank of Montreal GLOBAL SECURITIES CORPORATION Principal Regulator - Ontario INDUSTRIAL ALLIANCE SECURITIES INC. Type and Date: MACKIE RESEARCH CAPITAL CORPORATION Preliminary Base Shelf Prospectus dated May 30, 2014 Promoter(s): NP 11-202 Receipt dated May 30, 2014 Harvest Portfolios Group Inc. Offering Price and Description: Project #2216774 $2,000,000,000.00 Medium Term Notes (Principal At Risk Notes) ______Underwriter(s) or Distributor(s): Issuer Name: BMO NESBITT BURNS INC. Chemtrade Logistics Income Fund DESJARDINS SECURITIES INC. Principal Regulator - Ontario HSBC SECURITIES (CANADA) INC. Type and Date: DUNDEE SECURITIES LTD. Preliminary Short Form Prospectus dated May 26, 2014 Promoter(s): NP 11-202 Receipt dated May 26, 2014 - Offering Price and Description: Project #2217842 $110,000,000.00 - 5.25% Convertible Unsecured Subordinated Debentures ______Price: $1,000 per Debenture Underwriter(s) or Distributor(s): BMO NESBITT BURNS INC. SCOTIA CAPITAL INC. TD SECURITIES INC. CIBC WORLD MARKETS INC. NATIONAL BANK FINANCIAL INC. RBC DOMINION SECURITIES INC. RAYMOND JAMES LTD. Promoter(s): - Project #2214064

______

June 5, 2014 (2014), 37 OSCB 5531

IPOs, New Issues and Secondary Financings

Issuer Name: Issuer Name: CI G5|20 2039 Q3 Fund Global Infrastructure Dividend Fund Principal Regulator - Ontario Principal Regulator - Alberta Type and Date: Type and Date: Preliminary Simplified Prospectus dated May 30, 2014 Preliminary Long Form Prospectus dated May 29, 2014 NP 11-202 Receipt dated May 30, 2014 NP 11-202 Receipt dated May 30, 2014 Offering Price and Description: Offering Price and Description: Class A, F and O Units $• maximum; • units maximum; Underwriter(s) or Distributor(s): Price: $10.00 per Unit, Minimum Purchase: 100 Units - Underwriter(s) or Distributor(s): Promoter(s): CIBC WORLD MARKETS INC. CI Investments Inc. RBC DOMINION SECURITIES INC. Project #2218610 SCOTIA CAPITAL INC. BMO NESBITT BURNS INC. ______NATIONAL BANK FINANCIAL INC. Issuer Name: TD SECURITIES INC. CI G5|20i 2034 Q3 Fund GMP SECURITIES L.P. Principal Regulator - Ontario CANACCORD GENUITY CORP. Type and Date: RAYMOND JAMES LTD. Preliminary Simplified Prospectus dated May 30, 2014 MIDDLEFIELD CAPITAL CORPORATION NP 11-202 Receipt dated May 30, 2014 DUNDEE SECURITIES LTD. Offering Price and Description: MACKIE RESEARCH CAPITAL CORPORATION Class A, F and O Units MANULIFE SECURITIES INCORPORATED Underwriter(s) or Distributor(s): Promoter(s): - MIDDLEFIELD LIMITED Promoter(s): Project #2218934 CI Investments Inc. Project #2218578 ______Issuer Name: ______High Arctic Energy Services Inc. Issuer Name: Principal Regulator - Alberta First Trust Multi-Asset Global Income Index ETF Type and Date: Principal Regulator - Ontario Preliminary Short Form Prospectus dated May 27, 2014 Type and Date: NP 11-202 Receipt dated May 27, 2014 Preliminary Long Form Prospectus dated May 28, 2014 Offering Price and Description: NP 11-202 Receipt dated May 29, 2014 5,051,000 Subscription Receipts each representing the Offering Price and Description: right to receive one Common Share Common Units and Advisor Class Units Price: $4.95 per Subscription Receipt Underwriter(s) or Distributor(s): Underwriter(s) or Distributor(s): - National Bank Financial Inc. Promoter(s): PI Financial Corp. FT PORTFOLIOS CANADA CO. Altacorp Capital Inc. Project #2215815 Lightyear Capital Inc. Promoter(s): ______- Project #2212595

______

June 5, 2014 (2014), 37 OSCB 5532

IPOs, New Issues and Secondary Financings

Issuer Name: Issuer Name: High Rock Canadian High Yield Bond Fund Invesco Canadian Balanced Fund Principal Regulator - Ontario Invesco European Growth Class Type and Date: Trimark Global Balanced Class Preliminary Long Form Prospectus dated May 30, 2014 Trimark Global Balanced Fund NP 11-202 Receipt dated May 30, 2014 Trimark Global Dividend Class Offering Price and Description: Trimark Global Endeavour Fund Maximum: $100,000,000 - Class A Units and Class F Units Trimark Income Growth Fund Price: $10.00 per Unit Trimark Select Balanced Fund Minimum Purchase: $1,000 (100 Units) Principal Regulator - Ontario Underwriter(s) or Distributor(s): Type and Date: Scotia Capital Inc. Preliminary Simplified Prospectuses dated May 27, 2014 BMO Nesbitt Burns Inc. NP 11-202 Receipt dated May 28, 2014 CIBC World Markets Inc. Offering Price and Description: RBC Dominion Securities Inc. Series F4, Series F6, Series P, Series PF, Series PF4 and TD Securities Inc. Series PF6 National Bank Financial Inc. Underwriter(s) or Distributor(s): Acumen Capital Finance Partners Limited - Canaccord Genuity Corp. Promoter(s): GMP Securities L.P. Invesco Canada Ltd. Raymond James Ltd. Project #2214939 Burgeonvest Bick Securities Limited Desjardins Securities, Inc. ______Dundee Securities Ltd. Issuer Name: Manulife Securities Incorporated Ivanhoe Mines Ltd. Promoter(s): Principal Regulator - British Columbia SCOTIA MANAGED COMPANIES ADMINISTRATION Type and Date: INC. Preliminary Short Form Prospectus dated May 26, 2014 Project #2217932 NP 11-202 Receipt dated May 26, 2014 Offering Price and Description: ______$125,001,000 - 83,334,000 Units Issuer Name: Price: $1.50 per Unit Honey Badger Exploration Inc. Underwriter(s) or Distributor(s): Principal Regulator - Ontario BMO NESBITT BURNS INC. Type and Date: CIBC WORLD MARKETS INC. Preliminary Short Form Prospectus dated May 28, 2014 MACQUARIE CAPITAL MARKETS CANADA LTD. NP 11-202 Receipt dated May 29, 2014 RBC DOMINION SECURITIES INC. Offering Price and Description: MERRILL LYNCH CANADA INC. Minimum Offering: $2,500,000.00 GMP SECURITIES L.P. Maximum Offering: $7,500,000.00 RAYMOND JAMES LTD. Up to * Units Promoter(s): Price: $0.05 per Unit - and Project #2212013 Up to * Flow-Through Units Price: $0.05 per FT Unit ______Underwriter(s) or Distributor(s): Issuer Name: SECUTOR CAPITAL MANAGEMENT CORPORATION LoneStar West Inc. Promoter(s): Principal Regulator - Alberta - Type and Date: Project #2215627 Preliminary Short Form Prospectus dated May 27, 2014 NP 11-202 Receipt dated May 27, 2014 ______Offering Price and Description: $20,001,300 - 6,061,000 Common Shares Price: $3.30 per Common Share Underwriter(s) or Distributor(s): NATIONAL BANK FINANCIAL INC. CLARUS SECURITIES INC. INDUSTRIAL ALLIANCE SECURITIES INC. Promoter(s): - Project #2214738

______

June 5, 2014 (2014), 37 OSCB 5533

IPOs, New Issues and Secondary Financings

Issuer Name: Issuer Name: Manulife U.S. Regional Bank Trust NewGrowth Corp. Principal Regulator - Ontario Principal Regulator - Ontario Type and Date: Type and Date: Preliminary Long Form Prospectus dated May 27, 2014 Preliminary Short Form Prospectus dated May 23, 2014 NP 11-202 Receipt dated May 29, 2014 NP 11-202 Receipt dated May 26, 2014 Offering Price and Description: Offering Price and Description: Maximum: $ * _ * Units Maximum: $ * - * Class B Preferred Shares, Series 3 and Price: $10.00 per Class A Unit and US$10.00 per Class U Class A Capital Shares Unit Price: $ * per Preferred Share and $ * per Class A Capital Underwriter(s) or Distributor(s): Share RBC DOMINION SECURITIES INC. Underwriter(s) or Distributor(s): CIBC WORLD MARKETS INC. Scotia Capital Inc. SCOTIA CAPITAL INC. CIBC World Markets Inc. TD SECURITIES INC. TD Securities Inc. BMO NESBITT BURNS INC. BMO Nesbitt Burns Inc. NATIONAL BANK FINANCIAL INC. National Bank Financial Inc. GMP SECURITIES L.P. Canaccord Genuity Corp. MANULIFE SECURITIES INCORPORATED GMP Securities L.P. RAYMOND JAMES LIMITED Raymond James Ltd. CANACCORD GENUITY CORP. Burgeonvest Bick Securities Limited DESJARDINS SECURITIES INC. Desjardins Securities Inc. DUNDEE SECURITIES INC. Mackie Research Capital Corporation MACKIE RESEARCH CAPITAL CORPORATION Manulife Securities Incorporated Promoter(s): Promoter(s): MANULIFE ASSET MANAGEMENT LIMITED Scotia Managed Companies Administration Inc. Project #2216277 Project #2214002

______Issuer Name: Issuer Name: National Bank of Canada O'Leary Tactical Income Fund Principal Regulator - Quebec Principal Regulator - Quebec Type and Date: Type and Date: Preliminary Base Shelf Prospectus dated May 30, 2014 Preliminary Simplified Prospectus dated May 22, 2014 NP 11-202 Receipt dated May 30, 2014 NP 11-202 Receipt dated May 27, 2014 Offering Price and Description: Offering Price and Description: CAD$3,500,000,000 Series A (USD) and Series F (USD) Medium Term Notes – Debt Securities (Unsubordinated Underwriter(s) or Distributor(s): Indebtedness) - Underwriter(s) or Distributor(s): Promoter(s): National Bank Financial Inc. O’Leary Funds Management Inc. CIBC World Makets Inc. Project #2213325 Laurentian Bank Securities Inc. Desjardins Securities Inc. ______RBC Dominion Securities Inc. Issuer Name: Promoter(s): Pender Corporate Bond Fund - Pender US All Cap Equity Fund Project #2218590 Pender Value Fund Principal Regulator - British Columbia ______Type and Date: Preliminary Simplified Prospectuses dated May 27, 2014 NP 11-202 Receipt dated May 28, 2014 Offering Price and Description: Class H and Class I Units Underwriter(s) or Distributor(s): - Promoter(s): PENDERFUND CAPITAL MANAGEMENT LTD. Project #2215053

______

June 5, 2014 (2014), 37 OSCB 5534

IPOs, New Issues and Secondary Financings

Issuer Name: Issuer Name: Petro-Victory Energy Corp. Starlight U.S. Multi-Family (No. 3) Core Fund Principal Regulator - Alberta Principal Regulator - Ontario Type and Date: Type and Date: Preliminary Long Form Prospectus dated May 26, 2014 Preliminary Long Form Prospectus dated May 29, 2014 NP 11-202 Receipt dated May 27, 2014 NP 11-202 Receipt dated May 30, 2014 Offering Price and Description: Offering Price and Description: Minimum: CDN$25,000,000 - * Common Shares Minimum offering US$27,000,000 - Maximum: Maximum: CDN$30,000,000 - * Common Shares US$60,000,000 of Price: CDN$ * per Common Share Class A Units and/or Class U Units and/or Class D Units Underwriter(s) or Distributor(s): and/or Class F Units and/or Class C Units Canaccord Genuity Corp. Price: C$10.00 per Class A Unit GMP Securities L.P. US$10.00 per Class U Unit CIBC World Markets Inc. C$10.00 per Class D Unit Promoter(s): C$10.00 per Class F Unit Richard F. Gonzalez C$10.00 per Class C Unit Project #2214369 Underwriter(s) or Distributor(s): CIBC WORLD MARKETS INC. ______NATIONAL BANK FINANCIAL INC. Issuer Name: SCOTIA CAPITAL INC. Russell Diversified Monthly Income Class Portfolio BMO NESBITT BURNS INC. Russell Fixed Income Pool RAYMOND JAMES LTD. Russell Global Infrastructure Pool DUNDEE SECURITIES LTD. Russell Income Essentials Class Portfolio GMP SECURITIES L.P. Russell Income Essentials Portfolio CANACCORD GENUITY CORP. Russell Multi-Asset Growth & Income DESJARDINS SECURITIES INC. Russell Multi-Asset Growth & Income Class Promoter(s): Principal Regulator - Ontario STARLIGHT INVESTMENTS LTD. Type and Date: Project #2217646 Preliminary Simplified Prospectuses dated May 29, 2014 NP 11-202 Receipt dated May 30, 2014 ______Offering Price and Description: Issuer Name: Series P and O-7 Units and Series O-7 Shares The Toronto-Dominion Bank Underwriter(s) or Distributor(s): Type and Date: Russell Investments Canada Limited Preliminary Base Shelf Prospectus dated May 28, 2014 Receipted on May 29, 2014 Promoter(s): Offering Price and Description: Russell Investments Canada Limited U.S. $20,000,000,000.00 Project #2218699 Senior Debt Securities Underwriter(s) or Distributor(s): ______- Issuer Name: Promoter(s): Sprott Global Agriculture Fund - Sprott Global Infrastructure Fund Project #2215972 Sprott Real Asset Class Sprott Timber Fund ______Principal Regulator - Ontario Type and Date: Preliminary Simplified Prospectuses dated May 29, 2014 NP 11-202 Receipt dated May 30, 2014 Offering Price and Description: Series A, Series F, Series I and Series L Units Underwriter(s) or Distributor(s): - Promoter(s): - Project #2217269

______

June 5, 2014 (2014), 37 OSCB 5535

IPOs, New Issues and Secondary Financings

Issuer Name: Issuer Name: American Hotel Income Properties REIT LP Canexus Corporation Principal Regulator - British Columbia Principal Regulator - Alberta Type and Date: Type and Date: Final Short Form Prospectus dated May 29, 2014 Final Short Form Prospectus dated May 27, 2014 NP 11-202 Receipt dated May 29, 2014 NP 11-202 Receipt dated May 27, 2014 Offering Price and Description: Offering Price and Description: Cdn$45,001,800 Maximum: US$60,000,000 of 4,348,000 Units Class A Units and/or Class U Units and/or Class D Units Price: Cdn$10.35 per Offered Unit and/or Class F Units and/or Class C Units Underwriter(s) or Distributor(s): Underwriter(s) or Distributor(s): CANACCORD GENUITY CORP. CIBC WORLD MARKETS INC. NATIONAL BANK FINANCIAL INC. NATIONAL BANK FINANCIAL INC. CIBC WORLD MARKETS INC. SCOTIA CAPITAL INC. TD SECURITIES INC. TD SECURITIES INC. HAYWOOD SECURITIES INC. BMO NESBITT BURNS INC. SCOTIA CAPITAL INC. HSBC SECURITIES (CANADA) INC. DUNDEE SECURITIES LTD. RAYMOND JAMES LTD. Promoter(s): ACUMEN CAPITAL FINANCE PARTNERS LIMITED - Promoter(s): Project #2210815 - Project #2208639 ______Issuer Name: ______Artek Exploration Ltd. Issuer Name: Principal Regulator - Alberta Series A, B, D, E, F, H and I Units of: Type and Date: Capital Group Canadian Focused Equity Fund (Canada) Final Short Form Prospectus dated May 27, 2014 (formerly Capital International - Growth and Income) NP 11-202 Receipt dated May 27, 2014 Capital Group Emerging Markets Total Opportunities Fund Offering Price and Description: (Canada) $33,005,000.00 (formerly Capital International - Emerging Markets Total 8,050,000 Common Shares Opportunities) $10,014,480 1,987,000 Flow Through Shares Capital Group Global Equity Fund (Canada) Price: $4.10 per Common Share $5.04 per Flow Through (formerly Capital International - Global Equity) Share Capital Group International Equity Fund (Canada) Underwriter(s) or Distributor(s): (formerly Capital International - International Equity) Peters & Co. Limited Capital Group U.S. Equity Fund (Canada) Cormark Securities Inc. (formerly Capital International - U.S. Equity) National Bank Financial Inc. Series A, B, E, F, H and I Units of: Clarus Securities Inc. Capital Group Canadian Core Plus Fixed Income Fund GMP Securities L.P. (Canada) Raymond James Ltd. (formerly Capital International - Canadian Core Plus Fixed FirstEnergy Capital Corp. Income) Dundee Securities Ltd. Principal Regulator - Ontario Promoter(s): Type and Date: - Final Simplified Prospectuses dated May 23, 2014 Project #2208847 NP 11-202 Receipt dated May 29, 2014 Offering Price and Description: ______Series A, B, D, E, F, H and I Units @ Net Asset Value Underwriter(s) or Distributor(s): - Promoter(s): CAPITAL INTERNATIONAL ASSET MANAGEMENT (CANADA), INC. Project #2193899

______

June 5, 2014 (2014), 37 OSCB 5536

IPOs, New Issues and Secondary Financings

Issuer Name: Issuer Name: Counsel Global Real Estate Dynamic Alternative Investments Private Pool Class (Series A, D, E, F, I and P securities) Principal Regulator - Ontario Principal Regulator - Ontario Type and Date: Type and Date: Final Simplified Prospectus dated May 28, 2014 Amendment #2 dated May 15, 2014 to the Simplified NP 11-202 Receipt dated May 29, 2014 Prospectus and Annual Information Form dated November Offering Price and Description: 1, 2013 Series F, FH and O Shares @ Net Asset Value NP 11-202 Receipt dated May 27, 2014 Underwriter(s) or Distributor(s): Offering Price and Description: 1832 Asset Management L.P. Series A, D, E, F, I and P securities Promoter(s): Underwriter(s) or Distributor(s): 1832 Asset Management L.P. - Project #2192635 Promoter(s): Counsel Portfolio Services Inc. ______Project #2114238 Issuer Name: Euro Banc Capital Securities Trust ______Principal Regulator - Ontario Issuer Name: Type and Date: Counsel Global Fixed Income Final Long Form Prospectus dated May 28, 2014 Counsel Global Trend Strategy NP 11-202 Receipt dated May 30, 2014 Principal Regulator - Ontario Offering Price and Description: Type and Date: Maximum: $125,000,000 - 12,500,000 Units @ $10.00 per Final Simplified Prospectuses dated May 23, 2014 Unit NP 11-202 Receipt dated May 26, 2014 Underwriter(s) or Distributor(s): Offering Price and Description: BMO Nesbitt Burns Inc. Series A, D, E, I and P Securities @ Net Asset Value Scotia Capital Inc. Underwriter(s) or Distributor(s): CIBC World Markets Inc. - RBC Dominion Securities Inc. Promoter(s): TD Securities Inc. Counsel Portfolio Services Inc. GMP Securities L.P. Project #2197079 National Bank Financial Inc. Canaccord Genuity Corp. ______Raymond James Ltd. Issuer Name: Burgeonvest Bick Securities Limited Dynamic Preferred Yield Class (Series A, E, F, FH, FI, H Desjardins Securities Inc. and I shares) Dundee Securities Ltd. Dynamic Emerging Markets Class (Series A, F, I, IP and Mackie Research Capital Corporation OP shares) Manulife Securities Inc. Principal Regulator - Ontario Promoter(s): Type and Date: Aston Hill Capital Markets Inc. Amendment No. 3 dated May 15, 2014 to Simplified Project #2159643 Prospectuses of the above Issuers dated November 29, 2013 and Amendment No. 4 dated May 15, 2014 to the ______Annual Information Form dated November 29, 2013 NP 11-202 Receipt dated May 29, 2014 Offering Price and Description: - Underwriter(s) or Distributor(s): 1832 Asset Management L.P. GCIC Ltd. 1832 Asset Management L. P. Promoter(s): 1832 Asset Management L.P. Project #2113472

______

June 5, 2014 (2014), 37 OSCB 5537

IPOs, New Issues and Secondary Financings

Issuer Name: Issuer Name: Goldman Sachs U.S. Income Builder Trust iCo Therapeutics Inc. Principal Regulator - Ontario Principal Regulator - British Columbia Type and Date: Type and Date: Final Long Form Prospectus dated May 26, 2014 Final Base Shelf Prospectus dated May 29, 2014 NP 11-202 Receipt dated May 28, 2014 NP 11-202 Receipt dated May 29, 2014 Offering Price and Description: Offering Price and Description: Maximum: $250,000,000.00 - 25,000,000 Class A Units $50,000,000.00 and/or Class U Units @ $10.00 @ $10.00 per Unit Common Shares Underwriter(s) or Distributor(s): Warrants RBC Dominion Securities Inc. Units CIBC World Markets Inc. Subscription Receipts TD Securities Inc. Underwriter(s) or Distributor(s): Scotia Capital Inc. - BMO Nesbitt Burns Inc. Promoter(s): National Bank Financial Inc. - GMP Securities L.P. Project #2209561 Raymond James Ltd. Canaccord Genuity Corp. ______Desjardins Securities Inc. Industrial Alliance Securities Inc. Mackie Research Capital Corporation Manulife Securities Incorporated Promoter(s): Brompton Funds Limited Project #2199285

______Issuer Name: Hudson's Bay Company Principal Regulator - Ontario Type and Date: Final Short Form Prospectus dated May 26, 2014 NP 11-202 Receipt dated May 26, 2014 Offering Price and Description: $140,086,000.00 7,870,000 Common Shares Price: $17.80 per Offered Share Underwriter(s) or Distributor(s): CIBC WORLD MARKETS INC. RBC DOMINION SECURITIES INC. BMO NESBITT BURNS INC. TD SECURITIES INC. MERRILL LYNCH CANADA INC. SCOTIA CAPITAL INC. CANACCORD GENUITY CORP. NATIONAL BANK FINANCIAL INC. Promoter(s): - Project #2207891

______

June 5, 2014 (2014), 37 OSCB 5538

IPOs, New Issues and Secondary Financings

Issuer Name: Issuer Name: (Common Units and Advisor Class Units) unless otherwise (Units of the following Series Regular Front End Load, noted of: Regular F, High Net Worth Front End iShares International Fundamental Index ETF Load, High Net Worth F, Ultra High Net Worth Front End iShares Japan Fundamental Index ETF (CAD-Hedged) Load and Institutional Front End Load, iShares US Fundamental Index ETF (also Non-hedged Deferred Load and Low Load) of: Common Units and Non-hedged Advisor NexGen Canadian Cash Fund (formerly NexGen Canadian Class Units) Cash Registered Fund) iShares Emerging Markets Fundamental Index ETF NexGen Canadian Bond Fund (formerly NexGen Canadian iShares Canadian Fundamental Index ETF Bond Registered Fund) iShares S&P/TSX Canadian Dividend Aristocrats Index NexGen Corporate Bond Fund (formerly NexGen ETF Corporate Bond Registered Fund) iShares S&P/TSX Canadian Preferred Share Index ETF NexGen Canadian Diversified Income Registered Fund iShares US Dividend Growers Index ETF (CAD-Hedged) NexGen Turtle Canadian Balanced Registered Fund iShares Global Monthly Dividend Index ETF (CAD-Hedged) NexGen Intrinsic Balanced Registered Fund (formerly iShares Global Real Estate Index ETF NexGen Canadian Balanced Growth iShares Global Infrastructure Index ETF Registered Fund) iShares Oil Sands Index ETF NexGen Canadian Dividend Registered Fund (formerly iShares S&P/TSX Global Mining Index ETF NexGen Canadian Dividend and Income iShares Global Water Index ETF Registered Fund) iShares BRIC Index ETF NexGen Turtle Canadian Equity Registered Fund iShares China All-Cap Index ETF NexGen North American Large Cap Registered Fund iShares Global Agriculture Index ETF NexGen Intrinsic Growth Registered Fund iShares Balanced Income CorePortfolio™ Index ETF NexGen U.S. Dividend Plus Registered Fund iShares Balanced Growth CorePortfolio™ Index ETF NexGen U.S. Growth Registered Fund iShares High Quality Canadian Bond Index ETF NexGen Global Equity Registered Fund iShares 1-5 Year Laddered Corporate Bond Index ETF (Units of the following series Regular Front End Load, iShares 1-10 Year Laddered Corporate Bond Index ETF Regular F and Institutional Front End iShares Advantaged U.S. High Yield Bond Index ETF Load and Deferred Load and Low Load series) of: (CAD-Hedged) NexGen Canadian Preferred Share Registered Fund iShares 1-5 Year Laddered Government Bond Index ETF (Shares of the Series) of: iShares 1-10 Year Laddered Government Bond Index ETF NexGen Canadian Cash Tax Managed Fund iShares Convertible Bond Index ETF (Shares of the Series of Return of Capital 40 Class and Principal Regulator - Ontario Dividend Tax Credit 40 Class) of: Type and Date: NexGen Canadian Bond Tax Managed Fund Final Long Form Prospectus dated May 28, 2014 (Shares of the Series of Capital Gains Class, Return of NP 11-202 Receipt dated May 30, 2014 Capital 40 Class, Dividend Tax Credit 40 Offering Price and Description: Class and Compound Growth Class) of: Common units, Advisor Class units, Non-hedged Common NexGen Corporate Bond Tax Managed Fund Units and Non-hedged Advisor Class Units NexGen Turtle Canadian Balanced Tax Managed Fund Underwriter(s) or Distributor(s): NexGen Turtle Canadian Equity Tax Managed Fund BlackRock Asset Management Canada Limited NexGen Intrinsic Growth Tax Managed Fund BlackRock Investments Canada Inc. NexGen U.S. Dividend Plus Tax Managed Fund Promoter(s): NexGen U.S. Growth Tax Managed Fund - NexGen Global Equity Tax Managed Fund Project #2196483 (Shares of the Series of Capital Gains Class, Return of Capital Class, Dividend Tax Credit Class ______and Compound Growth Class*) of: NexGen Canadian Bond Tax Managed Fund NexGen Canadian Diversified Income Tax Managed Fund NexGen Intrinsic Balanced Tax Managed Fund (formerly NexGen Canadian Balanced Growth Tax Managed Fund) NexGen Canadian Dividend Tax Managed Fund (formerly NexGen Canadian Dividend and Income Tax Managed Fund) NexGen North American Large Cap Tax Managed Fund (Shares of the Preferred Series of Capital Gains Class, Return of Capital Class, Dividend Tax Credit Class and Compound Growth Class*) of: NexGen Canadian Preferred Share Tax Managed Fund of NexGen Investment Corporation

June 5, 2014 (2014), 37 OSCB 5539

IPOs, New Issues and Secondary Financings

*Canadian Patent Pending Issuer Name: Principal Regulator - Ontario Series A, Series A2, Series F and Series G Units (as Type and Date: indicated) of Final Simplified Prospectuses dated May 28, 2014 Portland Advantage Fund (Series A, F and G) NP 11-202 Receipt dated May 30, 2014 Portland Canadian Balanced Fund (Series A, F and G) Offering Price and Description: Portland Canadian Focused Fund (Series A, F and G) - Portland Global Banks Fund (Series A, A2, F and G) Underwriter(s) or Distributor(s): Portland Global Dividend Fund (formerly Copernican NexGen Financial Limited Partnership International Premium Dividend Fund) NexGen Financial Limited Partnership (Series A, A2, F and G) Promoter(s): Portland Global Income Fund (Series A, A2, F and G) NexGen Financial Limited Partnership Principal Regulator - Ontario Project #2189306 Type and Date: Final Simplified Prospectuses dated May 26, 2014 ______NP 11-202 Receipt dated May 29, 2014 Issuer Name: Offering Price and Description: PineBridge Investment Grade Preferred Securities Fund Series A, Series A2, Series F and Series G Units @ Net Principal Regulator - Ontario Asset Value Type and Date: Underwriter(s) or Distributor(s): Final Long Form Prospectus dated May 28, 2014 Mandeville Private Client Inc. NP 11-202 Receipt dated May 30, 2014 Mandeville Wealth Services Inc. Offering Price and Description: Portland Private Wealth Services Inc. Maximum 4,000,000.00 Units @ $25 = $100,000,000 Promoter(s): Minimun 800,000.00 Units @ $25 = $20,000,000 Portland Investment Counsel Inc. Underwriter(s) or Distributor(s): Project #2194831 BMO Nesbitt Burns Inc. CIBC World Markets Inc. ______Scotia Capital Inc. Issuer Name: National Bank Financial Inc. Regal Lifestyle Communities Inc. TD Securities Inc. Principal Regulator - Ontario Canaccord Genuity Corp. Type and Date: GMP Securities L.P. Final Short Form Prospectus dated May 29, 2014 Raymond James Ltd. NP 11-202 Receipt dated May 29, 2014 Desjardins Securities Inc. Offering Price and Description: Mackie Research Capital Corporation $27,004,500.00 Manulife Securities Incorporated 3,530,000 Common Shares Burgeonvest Bick Securities Limited Price: $7.65 per Common Share Dundee Securities Limited Underwriter(s) or Distributor(s): Industrial Alliance Securities Inc. CIBC WORLD MARKETS INC. Laurentian Bank Securities Inc. TD SECURITIES INC. Promoter(s): BMO NESBITT BURNS INC. BMO Nesbitt Burns Inc. RBC DOMINION SECURITIES INC. Project #2199301 SCOTIA CAPITAL INC. NATIONAL BANK FINANCIAL INC. ______DUNDEE SECURITIES LTD. RAYMOND JAMES LTD. Promoter(s): SIMON NYILASSY MORAY TAWSE Project #2211975

______

June 5, 2014 (2014), 37 OSCB 5540

IPOs, New Issues and Secondary Financings

Issuer Name: Issuer Name: Sprott Silver Bullion Fund TerraVest Capital Inc. Principal Regulator - Ontario Principal Regulator - Alberta Type and Date: Type and Date: Final Simplified Prospectus dated May 27, 2014 Final Short Form Prospectus dated May 28, 2014 NP 11-202 Receipt dated May 29, 2014 NP 11-202 Receipt dated May 28, 2014 Offering Price and Description: Offering Price and Description: Series A, Series F and Series I Units @ Net Asset Value $20,001,900.00 Underwriter(s) or Distributor(s): 3,279,000 Common Shares - PRICE: $6.10 PER OFFERED SHARE Promoter(s): Underwriter(s) or Distributor(s): - NATIONAL BANK FINANCIAL INC. Project #2194666 CORMARK SECURITIES INC. CIBC WORLD MARKETS INC. ______RAYMOND JAMES LTD. Issuer Name: TD SECURITIES INC. Summit Industrial Income REIT GMP SECURITIES L.P. Principal Regulator - Ontario HSBC SECURITIES (CANADA) INC. Type and Date: LAURENTIAN BANK SECURITIES INC. Final Short Form Prospectus dated May 29, 2014 Promoter(s): NP 11-202 Receipt dated May 29, 2014 - Offering Price and Description: Project #2209462 $25,056,000.00 4,320,000 Units ______Price $5.80 per Unit Issuer Name: Underwriter(s) or Distributor(s): Stem Cell Therapeutics Corp. BMO NESBITT BURNS INC. Principal Regulator - Ontario CIBC WORLD MARKETS INC. Type and Date: RBC DOMINION SECURITIES INC. Final Base Shelf Prospectus dated May 26, 2014 SCOTIA CAPITAL INC. NP 11-202 Receipt dated May 27, 2014 TD SECURITIES INC. Offering Price and Description: CANACCORD GENUITY CORP. $50,000,000.00 NATIONAL BANK FINANCIAL INC. Common Shares DESJARDINS SECURITIES INC. First Preferred Shares DUNDEE SECURITIES LTD. Warrants Promoter(s): Units - Underwriter(s) or Distributor(s): Project #2210654 - Promoter(s): ______- Project #2208403

______

June 5, 2014 (2014), 37 OSCB 5541

IPOs, New Issues and Secondary Financings

Issuer Name: TitanStar Properties Inc. Principal Jurisdiction - British Columbia Type and Date: Preliminary Short Form Prospectus dated February 24, 2014 Amended and Restated Preliminary Short Form Prospectus dated March 4, 2014 Withdrawn on May 28, 2014 Offering Price and Description: Minimum $20,000,000 - * Subscription Receipts Maximum $45,000,000 - * Subscription Receipts Price: $ * per Subscription Receipt Underwriter(s) or Distributor(s): Mackie Research Capital Corporation National Bank Financial Inc. Desjardins Securities Inc. GMP Securities L.P. Burgeonvest Bick Securities Ltd. Haywood Securities Inc. All Group Financial Services Inc. MGI Securities Inc. Promoter(s): - Project #2166739

______

June 5, 2014 (2014), 37 OSCB 5542

Chapter 12

Registrations

12.1.1 Registrants

Type Company Category of Registration Effective Date

Exempt market Dealer, Arrow Capital Management Inc. Portfolio Manager, Investment and Blumont Capital Corporation Amalgamation Fund Manager and April 1, 2014

Commodity Trading Manager To: Blumont Capital Corporation and Mutual Fund Dealer

From: National Bank Investments Inc./Banque

Nationale Inestissements inc. Banque Nationale Investissements Name Change May 15, 2014 inc./National Bank Investments Inc. To:

Banque Nationale Investissements inc./National Bank Investments Inc.

Voluntary Surrender QFS Asset Management, Inc. Commodity Trading Manager May 27, 2014

Stone & Co. Corporate Funds Voluntary Surrender Restricted Dealer May 28, 2014 Limited

CMS Investment Resources Voluntary Surrender Exempt Market Dealer May 30, 2014 (Canada), Inc.

Exempt Market Dealer, New Registration Bolton Capital Inc. Portfolio Manager and May 30, 2014 Investment Fund Manager

Exempt Market Dealer, Voluntary Surrender Artio Global Management LLC Portfolio Manager and May 30, 2014 Commodity Trading Manager

Exempt Market Dealer, Stephenson & Company Capital New Registration Portfolio Manager and June 2, 2014 Management Inc. Investment Fund Manager

June 5, 2014 (2014), 37 OSCB 5543

Registrations

This page intentionally left blank

June 5, 2014 (2014), 37 OSCB 5544

Chapter 25

Other Information

25.1 Consents 3. The Applicant’s authorized share capital consists of an unlimited number of common shares (the 25.1.1 Legend Gold Corp. – s. 4(b) of the Regulation “Common Shares”) of which 47,263,358 Common Shares are issued and outstanding as at Headnote May 20, 2014. All of the issued and outstanding Common Shares are listed for trading on the TSX Consent given to an offering corporation under the Venture Exchange under the symbol “LGN”. Business Corporation Act (Ontario) to continue under the Business Corporations Act (British Columbia). 4. The Applicant proposes to make an application to the Director under the OBCA pursuant to section Statutes Cited 181 of the OBCA (the “Application for Continuance”) for authorization to continue as a Business Corporations Act, R.S.O. 1990, c. B.16, as am., s. company under the Business Corporations Act 181. (British Columbia) (the “BCBCA”). Following the Securities Act, R.S.O. 1990, c. S.5, as am. Continuance, the Applicant’s registered office will be located in Vancouver, British Columbia. Regulations Cited 5. Pursuant to Subsection 4(b) of the Regulation, an Regulation made under the Business Corporations Act, O. application for authorization to continue in another Reg. 289/00, as am., s. 4(b). jurisdiction under Section 181 of the OBCA must, in the case of an “offering corporation” (as the IN THE MATTER OF term is defined in the OBCA), be accompanied by R.R.O 1990, REGULATION 289/00, AS AMENDED a consent from the Commission. (the “Regulation”) MADE UNDER THE BUSINESS CORPORATIONS ACT (ONTARIO), 6. The Applicant is an “offering corporation” under R.S.O. 1990, c.B.16, AS AMENDED (the “OBCA”) the OBCA and is a reporting issuer within the meaning of the Securities Act (Ontario) (the “Act”). AND The Applicant is also a reporting issuer under the securities legislations of each of the provinces of IN THE MATTER OF Alberta and British Columbia. LEGEND GOLD CORP. 7. The Applicant is not in default of any of the CONSENT provisions of the OBCA, the Act and the securities (Subsection 4(b) of the Regulation) legislation of all other jurisdictions in which it is a reporting issuer, and the regulations and rules UPON the application (the “Application”) of made thereunder (collectively, the “Legislation”). Legend Gold Corp. (the “Applicant”) to the Ontario Securities Commission (the “Commission”) requesting the 8. The Applicant is not a party to any proceeding or, consent from the Commission, pursuant to subsection 4(b) to the best of its knowledge, information and of the Regulation, for the Applicant to continue in another belief, pending proceeding under the Legislation. jurisdiction pursuant to Section 181 of the OBCA (the “Continuance”); 9. The holders of Common Shares of the Applicant (the “Shareholders”) were asked to consider and, AND UPON considering the Application and the if thought fit, pass a special resolution authorizing recommendation of the staff of the Commission; the Continuance at the May 20, 2014 annual and special meeting of the Shareholders (the AND UPON the Applicant having represented to “Meeting”). the Commission that: 10. A summary of the material provisions respecting 1. The Applicant is a corporation existing under the the proposed Continuance was provided to the provisions of the OBCA and was formed by shareholders of the Applicant in the management Articles of Incorporation pursuant to the OBCA on information circular of the Applicant dated April 9, May 8, 1997. 2014 (the “Circular”) in respect of the Meeting. The Circular was mailed on April 15, 2014 to 2. The Applicant’s registered office is located at Suite shareholders of record at the close of business on 400, 350 Bay Street, Toronto, Ontario M5H 2S6. April 9, 2014, was filed on April 15, 2014 on the System for Electronic Document Analysis and

June 5, 2014 (2014), 37 OSCB 5545

Other Information

Retrieval and included full disclosure of the “Wesley Scott” reasons for, and the implications of, the proposed Commissioner Continuance and a summary of the material Ontario Securities Commission differences between the OBCA and the BCBCA.

11. In accordance with the OBCA and the Applicant’s constating documents, the special resolution of shareholders (the “Continuance Resolution”) to be obtained at the Meeting in connection with the proposed Continuance required the approval of not less than two-thirds of the aggregate votes cast by the shareholders present in person or represented by proxy at the Meeting. Each of the Shareholders was entitled to one vote for each Common Share held.

12. On September 5, 2013, the Applicant acquired Corado Resources Corp. (“Corado”) by way of a three-cornered amalgamation among the Applicant, a wholly-owned subsidiary of the Applicant and Corado pursuant to a combination agreement dated June 6, 2013 (the “Acquisition”). Corado was a corporation governed by the BCBCA. Following the Acquisition, the Applicant moved its head office to Vancouver, British Columbia. The Applicant believes that certain aspects of the BCBCA will better facilitate the Applicant’s business and affairs than the OBCA.

13. The Applicant’s shareholders had the right to dissent with respect to the proposed Continuance pursuant to Section 185 of the OBCA, and the Circular disclosed full particulars of this right in accordance with applicable law.

14. The Continuance Resolution was approved at the Meeting by 99.99% of the aggregate votes cast by the Shareholders at the Meeting.

15. Following the Continuance, the Applicant intends to remain a reporting issuer in Ontario, Alberta and British Columbia.

16. The material rights, duties and obligations of a corporation governed by the BCBCA are substantially similar to those of a corporation governed by the OBCA.

AND UPON the Commission being satisfied that to do so would not be prejudicial to the public interest;

THE COMMISSION HEREBY CONSENTS, to the continuance of the Applicant as a corporation under the BCBCA.

DATED at Toronto, Ontario this 27th day of May, 2014.

“James Turner” Commissioner Ontario Securities Commission

June 5, 2014 (2014), 37 OSCB 5546

Index

American Natural Energy Corporation Global Energy Group, Ltd. Cease Trading Order ...... 5439 Notice from the Office of the Secretary ...... 5394 Order – ss. 127(7), 127(8) ...... 5412 Arrow Capital Management Inc. Amalgamation ...... 5543 Greenstar Agricultural Corporation Cease Trading Order ...... 5439 Artio Global Management LLC Voluntary Surrender ...... 5543 Groberman, Herbert Notice from the Office of the Secretary ...... 5394 Bajovski, Nikola Order – ss. 127(7), 127(8) ...... 5412 Notice from the Office of the Secretary ...... 5394 Order – ss. 127(7), 127(8)...... 5412 Harper, Christina Notice from the Office of the Secretary ...... 5394 Banque Nationale Investissements inc./National Bank Order – ss. 127(7), 127(8) ...... 5412 Investments Inc. Name Change ...... 5543 Legend Gold Corp. Consent – s. 4(b) of the Regulation ...... 5545 Blumont Capital Corporation Amalgamation ...... 5543 Magna International Inc. Order – s. 104(2)(c) ...... 5419 Bolton Capital Inc. New Registration ...... 5543 Mariana Resources Limited Order ...... 5423 Boost Capital Corp. Cease Trading Order ...... 5439 Marlatt, Frederick Lawrence Notice from the Office of the Secretary ...... 5396 Brikman, Vyacheslav Order ...... 5428 Notice from the Office of the Secretary ...... 5394 OSC Reasons – ss. 127(1), 127(10) ...... 5431 Order – ss. 127(7), 127(8)...... 5412 Matica Graphite Inc. Carmanah Technologies Corporation Cease Trading Order ...... 5439 Decision ...... 5402 Minor, Michael Wallace Carpathian Gold Inc. Notice from the Office of the Secretary ...... 5396 Cease Trading Order ...... 5439 Order ...... 5428 OSC Reasons – ss. 127(1), 127(10) ...... 5431 CMS Investment Resources (Canada), Inc. Voluntary Surrender ...... 5543 Mitschele, Frederick Lawrence Notice from the Office of the Secretary ...... 5396 Cohen, Bruce Order ...... 5428 Notice from the Office of the Secretary ...... 5394 OSC Reasons – ss. 127(1), 127(10) ...... 5431 Order – ss. 127(7), 127(8)...... 5412 New Gold Limited Partnerships Element Financial Corporation Notice from the Office of the Secretary ...... 5394 Decision ...... 5397 Order – ss. 127(7), 127(8) ...... 5412

Family Memorial Inc. Newer Technologies Limited Cease Trading Order ...... 5439 Notice from the Office of the Secretary ...... 5395 Order – ss. 127(1), 127.1 ...... 5426 Feder, Elliot Notice from the Office of the Secretary ...... 5394 Nord Resources Corporation Order – ss. 127(7), 127(8)...... 5412 Cease Trading Order ...... 5439

Frey, Rodger Pacific Vector Holdings Inc. Notice from the Office of the Secretary ...... 5395 Cease Trading Order ...... 5439 Order – ss. 127(1), 127.1 ...... 5426

June 5, 2014 (2014), 37 OSCB 5547

Index

Pasternak, Oded Walker, Allan Notice from the Office of the Secretary ...... 5394 Notice from the Office of the Secretary ...... 5394 Order – ss. 127(7), 127(8)...... 5412 Order – ss. 127(7), 127(8) ...... 5412

Pickering, Ryan Notice from the Office of the Secretary ...... 5395 Order – ss. 127(1), 127.1 ...... 5426

Pro-Financial Asset Management Inc. Notice from the Office of the Secretary ...... 5393 Order ...... 5405

QFS Asset Management, Inc. Voluntary Surrender ...... 5543

Rash, Howard Notice from the Office of the Secretary ...... 5394 Order – ss. 127(7), 127(8)...... 5412 Order ...... 5419

Red Tiger Mining Inc. Cease Trading Order ...... 5439

Robinson, Peter Notice from the Office of the Secretary ...... 5394 Order – ss. 127(7), 127(8)...... 5412

Schaumer, Michael Notice from the Office of the Secretary ...... 5394 Order – ss. 127(7), 127(8)...... 5412

Sendero Mining Corp. Cease Trading Order ...... 5439

Shiff, Andrew Notice from the Office of the Secretary ...... 5394 Order – ss. 127(7), 127(8)...... 5412

Silverstein, Alan Notice from the Office of the Secretary ...... 5394 Order – ss. 127(7), 127(8)...... 5412

Slate U.S. Opportunity (No. 2) Realty Trust Decision – s. 1(10)(a)(ii) ...... 5401

Sonomax Technologies Inc. Cease Trading Order ...... 5439

Stephenson & Company Capital Management Inc. New Registration ...... 5543

Stone & Co. Corporate Funds Limited Voluntary Surrender ...... 5543

Touchstone Gold Limited Cease Trading Order ...... 5439

Tranzeo Wireless Technologies Inc. Cease Trading Order ...... 5439

Tsatskin, Vadim Notice from the Office of the Secretary ...... 5394 Order – ss. 127(7), 127(8)...... 5412

June 5, 2014 (2014), 37 OSCB 5548