LISTING STATEMENT August 21, 2019 Canadian Securities Exchange Form 2A {00295049.1} 1 TABLE OF CONTENTS GLOSSARY ................................................................................................................................................................. 3 1. INTRODUCTION............................................................................................................................................... 5 1.1 Forward-Looking Statements ............................................................................................................................ 5 1.2 Market and Industry Data .................................................................................................................................. 6 1.3 Currency Information .......................................................................................................................................... 6 2. CORPORATE STRUCTURE ............................................................................................................................ 6 2.1 Corporate Name and Head Office and Registered Office .................................................................................... 6 2.2 Jurisdiction of Incorporation ............................................................................................................................. 6 2.3 Subsidiaries .......................................................................................................................................................... 7 2.4 Fundamental Change ........................................................................................................................................... 8 2.5 Non-Corporate Issuers and Issuers Incorporated Outside of Canada .................................................................. 8 3. GENERAL DEVELOPMENT OF THE BUSINESS ....................................................................................... 8 3.1 General Development of the Business ................................................................................................................. 8 3.2 Significant Acquisitions and Dispositions ....................................................................................................... 9 3.3 Trends, Commitments, Events or Uncertainties ................................................................................................ 10 4. NARRATIVE DESCRIPTION OF THE BUSINESS .................................................................................... 10 4.1 General Description of the Business............................................................................................................... 10 4.2 Asset Backed Securities .................................................................................................................................. 14 4.3 Companies with Mineral Properties ............................................................................................................... 14 4.4 Companies with Oil and Gas Operations ........................................................................................................... 14 5. SELECTED CONSOLIDATED FINANCIAL INFORMATION ................................................................ 14 5.1 Annual Information ......................................................................................................................................... 14 5.2 Quarterly Information ...................................................................................................................................... 14 5.3 Dividends .......................................................................................................................................................... 15 5.4 Foreign GAAP ................................................................................................................................................. 15 6. MANAGEMENT'S DISCUSSION AND ANALYSIS .................................................................................. 15 7. MARKET FOR SECURITIES ......................................................................................................................... 15 8. CONSOLIDATED CAPITALIZATION ........................................................................................................ 15 9. OPTIONS TO PURCHASE SECURITIES .................................................................................................... 15 10. DESCRIPTION OF THE SECURITIES ......................................................................................................... 16 10.1 General Description of the Company's Securities ........................................................................................... 16 10.2 Debt Securities ............................................................................................................................................... 17 10.3 Other Securities .............................................................................................................................................. 17 10.4 Modification of Terms ................................................................................................................................... 17 10.5 Other Attributes ............................................................................................................................................... 17 10.6 Prior Sales ........................................................................................................................................................ 17 10.7 Stock Exchange Price .................................................................................................................................... 18 11. ESCROWED SECURITIES ............................................................................................................................... 18 12. PRINCIPAL SHAREHOLDERS ....................................................................................................................... 18 12.1 Principal Shareholders ..................................................................................................................................... 18 13. DIRECTORS AND OFFICERS ...................................................................................................................... 19 13.1-3 Directors and Officers ................................................................................................................................ 19 13.4 Audit Committee ............................................................................................................................................ 19 13.5 Principal Occupation of Directors and Officers........................................................................................... 20 13.6 Corporate Cease Trade Orders or Bankruptcies .......................................................................................... 20 13.7-8 Penalties, Sanctions and Settlement Agreements ......................................................................................... 20 13.9 Personal Bankruptcies ................................................................................................................................... 20 13.10 Conflicts of Interest ..................................................................................................................................... 20 13.11 Management ................................................................................................................................................. 21 14. CAPITALIZATION.......................................................................................................................................... 23 14.1 Capitalization ................................................................................................................................................. 23 14.2 Convertible/Exchangeable Securities ........................................................................................................... 25 14.3 Other Listed Securities .................................................................................................................................. 25 {00295049.1} i 15. EXECUTIVE COMPENSATION ................................................................................................................... 25 16. INDEBTEDNESS OF DIRECTORS AND EXECUTIVE OFFICERS ........................................................ 26 16.1 Aggregate Indebtedness ................................................................................................................................ 26 16.2 Securities Purchase and Other Programs...................................................................................................... 26 17. RISK FACTORS ............................................................................................................................................... 26 17.1 Description of Risk Factors ........................................................................................................................... 26 17.2 Additional Securityholder Risk ..................................................................................................................... 38 17.3 Other Risks ..................................................................................................................................................... 38 18. PROMOTERS ..................................................................................................................................................