The Ontario Securities Commission OSC Bulletin August 16, 2018 Volume 41, Issue 33 (2018), 41 OSCB The Ontario Securities Commission administers the Securities Act of Ontario (R.S.O. 1990, c. S.5) and the Commodity Futures Act of Ontario (R.S.O. 1990, c. C.20) The Ontario Securities Commission Published under the authority of the Commission by: Cadillac Fairview Tower Thomson Reuters 22nd Floor, Box 55 One Corporate Plaza 20 Queen Street West 2075 Kennedy Road Toronto, Ontario Toronto, Ontario M5H 3S8 M1T 3V4 416-593-8314 or Toll Free 1-877-785-1555 416-609-3800 or 1-800-387-5164 Contact Centre – Inquiries, Complaints: Fax: 416-593-8122 TTY: 1-866-827-1295 Office of the Secretary: Fax: 416-593-2318 The OSC Bulletin is published weekly by Thomson Reuters Canada, under the authority of the Ontario Securities Commission. Thomson Reuters Canada offers every issue of the Bulletin, from 1994 onwards, fully searchable on SecuritiesSource™, Canada’s pre-eminent web-based securities resource. SecuritiesSource™ also features comprehensive securities legislation, expert analysis, precedents and a weekly Newsletter. For more information on SecuritiesSource™, as well as ordering information, please go to: http://www.westlawecarswell.com/SecuritiesSource/News/default.htm or call Thomson Reuters Canada Customer Support at 1-416-609-3800 (Toronto & International) or 1-800-387-5164 (Toll Free Canada & U.S.). Claims from bona fide subscribers for missing issues will be honoured by Thomson Reuters Canada up to one month from publication date. Space is available in the Ontario Securities Commission Bulletin for advertisements. The publisher will accept advertising aimed at the securities industry or financial community in Canada. Advertisements are limited to tombstone announcements and professional business card announcements by members of, and suppliers to, the financial services industry. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior written permission of the publisher. The publisher is not engaged in rendering legal, accounting or other professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought. © Copyright 2018 Ontario Securities Commission ISSN 0226-9325 Except Chapter 7 ©CDS INC. One Corporate Plaza Customer Support 2075 Kennedy Road 1-416-609-3800 (Toronto & International) Toronto, Ontario 1-800-387-5164 (Toll Free Canada & U.S.) M1T 3V4 Fax 1-416-298-5082 (Toronto) Fax 1-877-750-9041 (Toll Free Canada Only) Email [email protected] Table of Contents Chapter 1 Notices / News Releases ...................... 6437 4.2.2 Outstanding Management & Insider 1.1 Notices .......................................................... 6437 Cease Trading Orders ................................... 6493 1.1.1 Notice of Correction – CDS – Technical Amendments to CDS Procedures – Chapter 5 Rules and Policies .................................. (nil) Housekeeping Changes – Notice of Effective Date ................................................. 6437 Chapter 6 Request for Comments .......................... (nil) 1.2 Notices of Hearing ......................................... (nil) 1.3 Notices of Hearing with Related Chapter 7 Insider Reporting .................................. 6495 Statements of Allegations ............................ (nil) 1.4 News Releases .............................................. (nil) Chapter 9 Legislation ............................................... (nil) 1.5 Notices from the Office of the Secretary ............................................ 6438 Chapter 11 IPOs, New Issues and Secondary 1.5.1 Muchoki Fungai Simba ................................... 6438 Financings ............................................. 6593 1.5.2 Natural Bee Works Apiaries Inc., Rinaldo Landucci and Tawlia Chickalo ........................ 6438 Chapter 12 Registrations ......................................... 6599 1.5.3 Majd Kitmitto et al. .......................................... 6439 12.1.1 Registrants ..................................................... 6599 1.6 Notices from the Office of the Secretary with Related Chapter 13 SROs, Marketplaces, Statements of Allegations ............................ (nil) Clearing Agencies and Trade Repositories ............................... 6601 Chapter 2 Decisions, Orders and Rulings ............ 6441 13.1 SROs ............................................................... (nil) 2.1 Decisions ...................................................... 6441 13.2 Marketplaces ................................................ 6601 2.1.1 TELUS Communications Inc. ......................... 6441 13.2.1 Aequitas NEO Exchange – Proposed 2.1.2 B.E.S.T. Investment Counsel Limited and Amendment to the Definition of “Closing B.E.S.T. Total Return Fund Inc. ..................... 6445 Price” – OSC Staff Notice of Request for 2.1.3 Kew Media Group Inc. .................................... 6452 Comments ..................................................... 6601 2.1.4 Purpose Investments Inc. et al. ..................... 6458 13.3 Clearing Agencies ......................................... (nil) 2.1.5 Professionals’ Financial – Mutual Funds Inc. 13.4 Trade Repositories ........................................ (nil) and FDP US Dividend Equity Portfolio ........... 6465 2.1.6 Coast Capital Savings Credit Union ............... 6469 Chapter 25 Other Information ................................. 6603 2.2 Orders............................................................ 6472 25.1 Approvals ..................................................... 6603 2.2.1 Klondex Mines Unlimited Liability 25.1.1 Marval Capital Ltd. – s. 213(3)(b) of Company ........................................................ 6472 the LTCA ........................................................ 6603 2.2.2 Majd Kitmitto et al. .......................................... 6474 2.2.3 Alio Gold (US) Inc. .......................................... 6475 Index ............................................................................ 6605 2.2.4 North Halton Golf & Country Club – s. 74(1) ........................................................... 6477 2.2.5 Trius Investments Inc. – s. 1(11)(b) ................ 6482 2.3 Orders with Related Settlement Agreements .................................................... (nil) 2.4 Rulings ........................................................... (nil) Chapter 3 Reasons: Decisions, Orders and Rulings ................................................... 6487 3.1 OSC Decisions .............................................. 6487 3.1.1 Muchoki Fungai Simba ................................... 6487 3.2 Director’s Decisions ...................................... (nil) 3.3 Court Decisions ............................................. (nil) Chapter 4 Cease Trading Orders ........................... 6493 4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders ......................... 6493 4.2.1 Temporary, Permanent & Rescinding Management Cease Trading Orders .............. 6493 August 16, 2018 (2018), 41 OSCB Chapter 1 Notices / News Releases 1.1 Notices 1.1.1 Notice of Correction – CDS – Technical Amendments to CDS Procedures – Housekeeping Changes – Notice of Effective Date Notice of Effective Date – Technical Amendments to CDS Procedures – Housekeeping Changes was published at (2018), 41 OSCB 6432. The date on page 6432 was incorrect in two places. The text should read as follows: NOTICE OF EFFECTIVE DATE TECHNICAL AMENDMENTS TO CDS PROCEDURES – HOUSEKEEPING CHANGES JULY 2018 The Ontario Securities Commission is publishing Notice of Effective Date – Technical Amendments to CDS Procedures – Housekeeping Changes – July 2018. The CDS procedure amendments were reviewed and non-disapproved by CDS's strategic development review committee (SDRC) on July 26, 2018. A copy of the CDS Notice is on our website http://www.osc.gov.on.ca August 16, 2018 (2018), 41 OSCB 6437 Notices / News Releases 1.5 Notices from the Office of the Secretary 1.5.2 Natural Bee Works Apiaries Inc., Rinaldo Landucci and Tawlia Chickalo 1.5.1 Muchoki Fungai Simba FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE August 10, 2018 August 9, 2018 NATURAL BEE WORKS APIARIES INC., MUCHOKI FUNGAI SIMBA RINALDO LANDUCCI and (also previously known as Henderson MacDonald TAWLIA CHICKALO, Alexander Butcher), File No. 2018-40 File No. 2018-6 TORONTO – Take notice that upon Staff’s request, an TORONTO – Following the hearing on the merits in the attendance in the above-named matter is scheduled to be above noted matter, the Commission issued its Reasons heard on August 22, 2018 at 12:30 p.m. and Decision. OFFICE OF THE SECRETARY A copy of the Reasons and Decision dated August 8, 2018 GRACE KNAKOWSKI is available at www.osc.gov.on.ca. SECRETARY TO THE COMMISSION OFFICE OF THE SECRETARY For media inquiries: GRACE KNAKOWSKI SECRETARY TO THE COMMISSION [email protected] For media inquiries: For investor inquiries: [email protected] OSC Contact Centre 416-593-8314 For investor inquiries: 1-877-785-1555 (Toll Free) OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free) August 16, 2018 (2018), 41 OSCB 6438 Notices / News Releases 1.5.3 Majd Kitmitto et al. FOR IMMEDIATE RELEASE August 13, 2018 MAJD KITMITTO, STEVEN VANNATTA, CHRISTOPHER CANDUSSO AND CLAUDIO CANDUSSO, File No. 2018-9