OSC BulletinNational Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant...

The Ontario Securities Commission

OSC Bulletin

January 25, 2018

Volume 41, Issue 4

(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

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January 25, 2018 (2018), 41 OSCB

Table of Contents

Chapter 1 Notices / News Releases ........................ 793 1.1 Notices ........................................................... (nil) 1.2 Notices of Hearing .......................................... 793 1.2.1 Donald Mason – s. 8 ........................................ 793 1.3 Notices of Hearing with Related Statements of Allegations ............................ (nil) 1.4 News Releases .............................................. (nil) 1.5 Notices from the Office of the Secretary .............................................. 794 1.5.1 The Mutual Fund Dealers Association of Canada and John Richard Wolfenden .............. 794 1.5.2 Benedict Cheng et al. ....................................... 794 1.5.3 Benedict Cheng et al. ....................................... 795 1.5.4 Donald Mason .................................................. 795 1.5.5 Dennis L. Meharchand and Valt.X Holdings Inc. .......................................... 796 1.6 Notices from the Office of the Secretary with Related Statements of Allegations ............................ (nil) Chapter 2 Decisions, Orders and Rulings .............. 797 2.1 Decisions ........................................................ 797 2.1.1 First Avenue Investment Counsel Inc. .............. 797 2.1.2 Nicola Wealth Management Ltd. et al. .............. 801 2.1.3 TMS NeuroHealth Centers Inc. ....................... 806 2.1.4 Portage Biotech Inc. ......................................... 808 2.2 Orders.............................................................. 811 2.2.1 The Mutual Fund Dealers Association of Canada and John Richard Wolfenden – ss. 8, 21.7 ..................................................... 811 2.2.2 Benedict Cheng et al. ....................................... 812 2.2.3 AuRico Metals Inc. .......................................... 812 2.2.4 Enbridge Gas Distribution Inc. – s. 158(1.1) of the OBCA ............................... 813 2.2.5 Dennis L. Meharchand and Valt.X Holdings Inc. – s. 127(1) ........................ 815 2.2.6 Castle Resources Inc. ..................................... 815 2.2.7 DIR Industrial Properties Inc. ............................ 816 2.3 Orders with Related Settlement Agreements .................................................... (nil) 2.4 Rulings ........................................................... (nil) Chapter 3 Reasons: Decisions, Orders and Rulings ..................................................... 819 3.1 OSC Decisions ................................................ 819 3.1.1 Benedict Cheng et al. ....................................... 819 3.2 Director’s Decisions ...................................... (nil) 3.3 Court Decisions ............................................. (nil)

Chapter 4 Cease Trading Orders ............................ 829 4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders ........................... 829 4.2.1 Temporary, Permanent & Rescinding Management Cease Trading Orders ............... 829 4.2.2 Outstanding Management & Insider Cease Trading Orders ..................................... 829 Chapter 5 Rules and Policies .................................. (nil) Chapter 6 Request for Comments .......................... (nil) Chapter 7 Insider Reporting .................................... 831 Chapter 9 Legislation ............................................... (nil) Chapter 11 IPOs, New Issues and Secondary Financings ............................................... 937 Chapter 12 Registrations ........................................... 945 12.1.1 Registrants ....................................................... 945 Chapter 13 SROs, Marketplaces,

Clearing Agencies and Trade Repositories ................................. 947

13.1 SROs ............................................................... 947 13.1.1 IIROC – Proposed Amendments to IIROC Continuing Education Rules – Request for Comment ......................................................... 947 13.2 Marketplaces .................................................. (nil) 13.3 Clearing Agencies ......................................... (nil) 13.4 Trade Repositories ........................................ (nil) Chapter 25 Other Information ................................... 949 25.1 Exemptions .................................................... 949 25.1.1 BMO Nesbitt Burns Inc. – s. 19.1 of NI 41-101 General Prospectus Requirements .................................................. 949 Index .............................................................................. 951

January 25, 2018

(2018), 41 OSCB 793

Chapter 1

Notices / News Releases 1.2 Notices of Hearing 1.2.1 Donald Mason – s. 8

FILE NO.: 2018-1

IN THE MATTER OF DONALD MASON

NOTICE OF HEARING

Section 8 of the Securities Act, RSO 1990, c S.5 PROCEEDING TYPE: Application for Hearing and Review HEARING DATE AND TIME: January 25, 2018 at 10:00 a.m. LOCATION: 20 Queen Street West, 17th Floor, Toronto, Ontario PURPOSE The purpose of this proceeding is to consider the Application dated 29 December 2017, made by the party named above to review a decision of a Director of the Commission dated 30 November 2017. The hearing set for the date and time indicated above is the first attendance in this proceeding, as described in subsection 6(1) of the Commission’s Practice Guideline. REPRESENTATION Any party to the proceeding may be represented by a representative at the hearing. FAILURE TO ATTEND IF A PARTY DOES NOT ATTEND, THE HEARING MAY PROCEED IN THE PARTY’S ABSENCE AND THE PARTY WILL NOT BE ENTITLED TO ANY FURTHER NOTICE IN THE PROCEEDING. FRENCH HEARING This Notice of Hearing is also available in French on request of a party. Participation may be in either French or English. Participants must notify the Secretary’s Office in writing as soon as possible if the participant is requesting a proceeding be conducted wholly or partly in French. AVIS EN FRANÇAIS L'avis d'audience est disponible en français sur demande d’une partie, que la participation à l'audience peut se faire en français ou en anglais et que les participants doivent aviser le Bureau du secrétaire par écrit le plut tôt si le participant demande qu'une instance soit tenue entièrement ou partiellement en français. Dated at Toronto this January 19, 2018 “Grace Knakowski” Secretary to the Commission For more information Please visit www.osc.gov.on.ca or contact the Registrar at [email protected].

Notices / News Releases

January 25, 2018

(2018), 41 OSCB 794

1.5 Notices from the Office of the Secretary 1.5.1 The Mutual Fund Dealers Association of

Canada and John Richard Wolfenden

FOR IMMEDIATE RELEASE January 16, 2018

THE MUTUAL FUND DEALERS

ASSOCIATION OF CANADA and JOHN RICHARD WOLFENDEN, File Nos. 2017-75 and 2017-76

TORONTO – The Commission issued an Order in the above named matters. A copy of the Order dated January 15, 2018 is available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY GRACE KNAKOWSKI SECRETARY TO THE COMMISSION For media inquiries: [email protected] For investor inquiries: OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)

1.5.2 Benedict Cheng et al.


BENEDICT CHENG,

FRANK SOAVE, JOHN DAVID ROTHSTEIN and

ERIC TREMBLAY TORONTO – The Commission issued an Order in the above noted matter. A copy of the Order dated January 17, 2018 is available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY GRACE KNAKOWSKI SECRETARY TO THE COMMISSION For media inquiries: [email protected] For investor inquiries: OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)


January 25, 2018

(2018), 41 OSCB 795



BENEDICT CHENG,


ERIC TREMBLAY TORONTO – Following a hearing held in the above noted matter, the Commission issued its Reasons and Decision on a Motion Regarding Privilege. A copy of the Reasons and Decision on a Motion Regarding Privilege dated January 10, 2018 is available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY GRACE KNAKOWSKI SECRETARY TO THE COMMISSION For media inquiries: [email protected] For investor inquiries: OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)

1.5.4 Donald Mason


DONALD MASON,

File No. 2018-1 TORONTO – The Ontario Securities Commission will hold a hearing to consider the Application made by Donald Mason to review a decision of a Director of the Commission dated 30 November 2017. The hearing will be held on January 25, 2018 at 10:00 a.m. on the 17th floor of the Commission's offices located at 20 Queen Street West, Toronto. A copy of the Notice of Hearing dated January 19, 2018 and the Application dated December 29, 2017 is available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY GRACE KNAKOWSKI SECRETARY TO THE COMMISSION For media inquiries: [email protected] For investor inquiries: OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)


January 25, 2018

(2018), 41 OSCB 796

1.5.5 Dennis L. Meharchand and Valt.X Holdings Inc.


DENNIS L. MEHARCHAND and

VALT.X HOLDINGS INC. TORONTO – The Commission issued an Order in the above named matter. A copy of the Order dated January 22, 2018 is available at www.osc.gov.on.ca. OFFICE OF THE SECRETARY GRACE KNAKOWSKI SECRETARY TO THE COMMISSION For media inquiries: [email protected] For investor inquiries: OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)

January 25, 2018

(2018), 41 OSCB 797

Chapter 2

Decisions, Orders and Rulings 2.1 Decisions 2.1.1 First Avenue Investment Counsel Inc. Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – Relief granted from ss. 13.5(2)(b)(ii) and (iii) of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations to permit in specie transfers between managed accounts and pooled funds – relief subject to usual conditions, such as consent of managed account clients to allow in specie transfers, acceptability of portfolio assets to receiving fund or managed account portfolio manager, filer to keep written record of transfers, certain pricing conditions. Applicable Legislative Provisions National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, ss. 13.5(2)(b), 15.1.

January 2, 2018

IN THE MATTER OF THE SECURITIES LEGISLATION OF

ONTARIO (THE JURISDICTION)

AND

IN THE MATTER OF

THE PROCESS FOR EXEMPTIVE RELIEF APPLICATIONS IN MULTIPLE JURISDICTIONS

AND

IN THE MATTER OF

FIRST AVENUE INVESTMENT COUNSEL INC. (FAIC)

DECISION

Background The principal regulator in the Jurisdiction has received an application from FAIC for a decision under the securities legislation of the Jurisdiction of the principal regulator (the Legislation) for an exemption from the following: In-specie Transfer Relief The prohibition in sections 13.5(2)(b)(ii) and 13.5(2)(b)(iii) of NI 31-103 to permit in specie subscriptions and redemptions by a Managed Account in a Pooled Fund (the Exemption Sought). Under the Process for Exemptive Relief Applications in Multiple Jurisdictions (for a passport application):

1. The Ontario Securities Commission (OSC) is the principal regulator for this application; and 2. FAIC 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 respect of the Exemption Sought in each province and territory of Canada.

Decisions, Orders and Rulings

January 25, 2018

(2018), 41 OSCB 798

Interpretation Terms defined in National Instrument 14101 Definitions, MI 11-102, NI 31-103, NI 81-102, NI 81-106, NI 81-107 or in the Securities Act (Ontario) have the same meaning if used in this decision, unless otherwise defined. The following additional terms shall have the following meanings: “Filer” means, unless otherwise specified, FAIC or a future affiliate of FAIC; “Future Pooled Fund” means each investment fund, which is not a reporting issuer, that is established after the formation of the Initial Pooled Fund, and for which the Filer will act as investment fund manager and/or portfolio adviser. “Fund Securities” means the units or shares of a Pooled Fund. “In-specie Transfer” means causing a Managed Account to deliver securities to a Pooled Fund in respect of the purchase of Fund Securities of such Pooled Fund, or to receive securities from the investment portfolio of a Pooled Fund in respect of a redemption of Fund Securities of such Pooled Fund. “Initial Pooled Fund” means an investment fund, which is not a reporting issuer, and for which FAIC will act as investment fund manager and/or portfolio adviser. “Investment Management Agreement” means an investment management agreement entered into by the Filer and a client thereof in respect to the client’s Managed Account. “Managed Account” means each fully managed account managed by the Filer for a client that is not a responsible person. “NI 81-102” means National Instrument 81-102 Investment Funds. “Pooled Funds” means, collectively, the Initial Pooled Fund and the Future Pooled Funds. Representations The decision is based on the following facts represented by FAIC: FAIC 1. FAIC is a corporation incorporated under the laws of Ontario with its head office in Toronto, Ontario. 2. FAIC is registered as a portfolio manager and exempt market dealer in Alberta, British Columbia, Nova Scotia, Ontario,

Prince Edward Island, Québec. FAIC has applied to be registered as an investment fund manager in Ontario and Quebec.

3. FAIC is not a reporting issuer in any jurisdiction and is not in default of securities legislation of any jurisdiction of

Canada. The Managed Accounts 4. The Filer offers discretionary portfolio management services to individual and institutional investors, each of whom has

entered into an Investment Management Agreement with the Filer. In-specie Transfers 5. FAIC intends, subject to being registered as an investment fund manager, to establish the Initial Pooled Fund, on or

about January 2, 2017, as a trust with a corporation licensed under the Loan and Trust Corporations Act (Ontario) acting as trustee thereof.

6. The Filer wishes to invest existing and future Managed Account clients in the Pooled Funds, to the extent that the

Pooled Funds are consistent with the investment with the investment objectives of the Managed Accounts. 7. As the Filer may be in the future the trustee of a Future Pooled Fund which is organized as a trust, each such Future

Pooled Fund may be an ‘associate’ of the Filer, and accordingly, absent the grant of the Exemption Sought, the Filer would be precluded by the provisions of section 13.5(2)(b)(ii) of NI 31-103 from effecting the In-specie Transfers in such circumstances; as the Filer will be a registered adviser and investment fund manager of the Pooled Funds and is,


January 25, 2018

(2018), 41 OSCB 799

or will be, the portfolio manager of the Managed Accounts, absent the grant of the Exemption Sought, the Filer would be precluded by section 13.5(2)(b)(iii) of NI 31-103 from effecting the In-specie Transfers.

8. The Filer manages certain Managed Accounts on the basis of the same investment objective and investment strategies

as those that will apply to the Initial Pooled Fund. As such, the Filer wishes to use the Exemption Sought to (i) effect a one-time In-specie Transfer with respect to the establishment of the Initial Pooled Fund, (ii) effect future In-specie Transfers with respect to existing and future Managed Accounts clients, and (iii) effect future In-specie Transfers with respect to the establishment of Future Pooled Funds. The purpose of the In-specie Transfers would be to allow the Filer to manage each asset class held in the existing Managed Accounts more effectively and/or reduce transaction costs for the existing and future Managed Account clients.

9. The Filer submits that by pooling the securities held by the Managed Accounts through the In-specie Transfers, the

Filer may able to reduce market impact costs, which can be detrimental to the Managed Accounts or Pooled Fund clients. The In-specie Transfer will allow the Filer to retain within its control institutional-sized blocks of securities that otherwise would need to be broken and re-assembled.

10. The only cost which will be incurred by a Pooled Fund or Managed Account in connection with the In-specie Transfer

will be a nominal administrative charge levied by the custodian of the Pooled Fund. 11. The Filer will obtain written consent of the relevant Managed Account client before it engages in an In-specie Transfer

in connection with the purchase or redemption of securities of a Pooled Fund for the Managed Account. 12. The Filer, as manager of the Pooled Funds, will value the securities transferred under an In-specie Transfer on the

same valuation day on which the purchase price or redemption price of the Fund Securities is determined. With respect to the purchase of Fund Securities of a Pooled Fund, the securities transferred to a Pooled Fund under an In-specie Transfer in satisfaction of all or part of the purchase price of those Fund Securities will be valued as if the securities were portfolio assets of the Pooled Fund, as contemplated by section 9.4(2)(b)(iii) of NI 81-102. With respect to the redemption of Fund Securities of a Pooled Fund, the securities transferred to a Managed Account in satisfaction of the redemption price of those Fund Securities will have a value equal to the amount at which those securities were valued in calculating the net asset value per security used to establish the redemption price of the Fund Securities of the Pooled Fund, as contemplated by section 10.4(3)(b) of NI 81-102.

13. In-specie Transfers will be subject to (i) compliance with the written policies and procedures of the Filer respecting In-

specie Transfers that are consistent with applicable securities legislation, and (ii) the oversight of the Filer's Chief Compliance Officer, to ensure that the transaction represents the business judgment of the Filer acting in its discretionary capacity with respect to a Pooled Fund and Managed Account, uninfluenced by considerations other than the best interests of the Pooled Fund and Managed Account.

14. Absent the Exemption Sought, neither the Managed Accounts, nor the Filer, on their behalf, will be permitted to engage

in In-specie Transfers. 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 so long as:

(a) if the transaction is the purchase of Fund Securities by a Managed Account:

(i) the Filer obtains the prior written consent of the client of the relevant Managed Account before it

engages in any In-specie Transfers in connection with the purchase of Fund Securities; (ii) the Pooled Funds would at the time of payment be permitted to purchase the securities of the

Managed Account; (iii) the securities are acceptable to the Filer as portfolio manager of the Pooled Funds and consistent

with the Pooled Funds’ investment objectives; (iv) the value of the securities sold to the Pooled Funds is at least equal to the issue price of the Fund

Securities for which they are payment, valued as if the securities were portfolio assets of the Pooled Funds;


January 25, 2018

(2018), 41 OSCB 800

(v) the account statement next prepared for the Managed Account will include a note describing the securities delivered to the Funds and the value assigned to such securities; and

(vi) the Pooled Funds keep written records of all In-specie Transfers during the financial year, reflecting

details of the securities delivered to the Pooled Funds and the value assigned to such securities, for five years after the end of the financial year, the most recent two years in a reasonably accessible place;

(b) if the transaction is the redemption of Fund Securities by a Managed Account:

(i) the Filer obtains the prior written consent of the client of the relevant Managed Account to the

payment of redemption proceeds in the form of an In-specie Transfer; (ii) the securities are acceptable to the Filer as portfolio manager of the Managed Account and

consistent with the Managed Account's investment objectives; (iii) the value of the securities is equal to the amount at which those securities were valued in calculating

the net asset value per Fund Security used to establish the redemption price; (iv) the holder of the Managed Account has not provided notice to terminate its Investment Management

Agreement with the Filer; (v) the account statement next prepared for the Managed Account will include a note describing the

securities delivered to the Managed Account and the value assigned to such securities; and (vi) the Pooled Funds keep written records of all In-specie Transfers during the financial year, reflecting

details of the securities delivered by the Funds and the value assigned to such securities, for five years after the end of the financial year, the most recent two years in a reasonably accessible place;

(c) the Filer does not receive any compensation in respect of any sale or redemption of Fund Securities and, in

respect of any delivery of securities further to an In-specie Transfer, the only charge paid by the Managed Account, if any, is the commission charged by the dealer executing the trade; and

(d) should any In-specie Transfer contemplated specifically by the Exemption Sought, involve the transfer of an

“illiquid asset” (as defined in NI 81-102), the Filer will obtain at least one quote for the asset from an independent arm’s length purchaser or seller, immediately before effecting the In-specie Transfer (as contemplated by commentary #7 to section 6.1 of National Instrument 81-107 – Independent Review Committee for Investment Funds).

“Raymond Chan” Manager, Investment Funds & Structured Products Branch Ontario Securities Commission


January 25, 2018

(2018), 41 OSCB 801

2.1.2 Nicola Wealth Management Ltd. et al. Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – Securities Act, R.S.B.C. 1996, c. 418, s. 48 – Exemption from the conflict of interest restriction in s. 13.5(2)(b) of NI 31-103 Registration Requirements and Exemptions – An investment fund manager wants relief from the self-dealing restrictions in section 13.5(2)(b) of NI 31-103 for trades in portfolio securities between investment funds managed by the manager in order to execute a mutual fund reorganization – Inter-fund trades are consistent with the investment objective of the funds; funds without an Independent Review Committee (IRC) have constituted an equivalent entity; trades are referred to and approved by the fund’s IRC equivalent; the trades will occur at a price determined through an independent arms’ length valuation; the manager will cover the costs of the transaction; there will be no material adverse tax consequences. Applicable Legislative Provisions Securities Act, R.S.B.C. 1996, c. 418, s. 48. National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, s. 13.5(2)(b).

December 27, 2017

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 NICOLA WEALTH MANAGEMENT LTD.

(the Manager),

AND

NWM PRIVATE EQUITY LIMITED PARTNERSHIP (the Private Equity Fund)

AND

NWM PRIVATE DEBT FUND

(the Private Debt Fund) (together, the Funds)

(collectively, the Filers)

DECISION

Background 1 The securities regulatory authority or regulator in each of the Jurisdictions (Decision Maker) has received an application

(the Application) from the Filers for a decision under the securities legislation of the Jurisdictions (the Legislation) for an exemption from the prohibition in section 13.5(2)(b)(iii) of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) which prohibits a registered adviser from knowingly causing an investment portfolio managed by it, including an investment fund for which it acts as an adviser, to purchase or sell a security from or to the investment portfolio of an investment fund for which a responsible person acts as an adviser, in order to permit the one-time purchase by the Private Debt Fund of illiquid securities of two investment funds managed by third parties (the Transferring Funds, defined below) (the Inter-Fund Trade) sold by the Private Equity Fund for cash at a price equal to the net asset value per security of each of the Transferring Funds calculated and


January 25, 2018

(2018), 41 OSCB 802

reported to the Manager by each Transferring Fund’s manager as of December 31, 2017 (the December 31 NAV) (the Exemption Sought). Under the Process for Exemptive Relief Applications in Multiple Jurisdictions (for a dual application):

(a) the British Columbia Securities Commission is the principal regulator for this application; (b) the Filers have provided notice that section 4.7(1) of Multilateral Instrument 11-102 Passport System

(MI 11-102) is intended to be relied upon in the provinces of Alberta, Saskatchewan, Manitoba, Ontario, Nova Scotia, New Brunswick and Newfoundland and Labrador; 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 MI 11-102, National Instrument 14-101 Definitions and National Instrument 81-107 Independent

Review Committee for Investment Funds (NI 81-107) 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 Filers:

1. the Manager is a company existing under the laws of British Columbia with its head office in Vancouver,

British Columbia and is not a reporting issuer in any jurisdiction of Canada; 2. the Manager is registered as: (i) an investment fund manager in British Columbia, Saskatchewan, Ontario,

Quebec and Newfoundland and Labrador; (ii) a portfolio manager in all jurisdictions of Canada, other than Prince Edward Island, Nunavut, the Northwest Territories and Yukon; and (iii) an exempt market dealer in in all jurisdictions of Canada, other than Prince Edward Island, Nunavut, the Northwest Territories, and Yukon;

3. the Manager is the manager and portfolio manager for each of the Funds; 4. each of the Funds is a mutual fund established as a trust or partnership under the laws of British Columbia,

Canada and is not a reporting issuer in any jurisdiction of Canada; 5. the securities of each of the Funds are distributed on a private placement basis under available prospectus

exemptions; neither Fund is subject to National Instrument 81-102 Investment Funds (NI 81-102) or NI 81-107;

6. securities of each of the Funds are distributed solely to clients of the Manager under fully discretionary

managed accounts under which the Manager makes investment decisions on behalf of the clients and advisory accounts under which the Manager provides investment advice to clients and clients make the final investment decision for themselves; securities of each of the Funds are also distributed to the NWM Core Portfolio Fund, which invests in a portfolio containing investment funds and limited partnerships managed by the Manager;

7. the Manager and each of the Funds are not in default of securities legislation in any jurisdiction of Canada; 8. the investment objective of the Private Equity Fund is to make private equity, mezzanine debt, and

subordinated debt or similar asset classes investments and to hold and/or monetize those investments through a combination of the receipt of dividends, the redemption of securities, and the eventual divestment of the investments; the investment objective of the Private Debt Fund is to achieve a high level of current income and some capital appreciation, while emphasizing capital preservation;

9. the Manager seeks to permit the Inter-Fund Trade by the Private Equity Fund to the Private Debt Fund of (i)

Crown Capital Fund IV, LP (the Crown Fund) limited partnership units; and (ii) THL Credit Direct Lending Fund III-B (Cayman) LP (the THL Fund) limited partnership interests (collectively, the Applicable Securities) (the Crown Fund and the THL fund, collectively, the Transferring Funds);

10. the Crown Fund is an Alberta limited partnership with the head office of its general partner, Crown Capital

Fund IV Management Inc., located at Suite 4330, 77 King Street W, Toronto, ON, M5K 1H6; the THL Fund is


January 25, 2018

(2018), 41 OSCB 803

a Cayman Islands exempted limited partnership with the head office of its general partner, THL Credit Direct Lending Fund III (Cayman) GP Ltd., located at c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, KY1-1104, Grand Cayman, Cayman Islands; the THL Fund is an off-shore feeder fund which invests in THL Credit Direct Lending Fund III LLC, a Delaware limited liability company, via THL Credit Direct Lending Fund III-B Blocker LLC, a Delaware limited liability company;

11. the Crown Fund has approximately 97% of its investments in debt securities and approximately 3% in equities

and warrants; the Crown Fund investments are focused on senior or subordinated debentures; as of September 30, 2017, the Crown Fund had investments in eight portfolio companies; the THL Fund has 100% of its portfolio in floating rate loans, approximately 89% of which are first lien loans; as of September 30, 2017, the THL Fund had investments in 17 portfolio companies;

12. section 13.5(2)(b)(iii) of NI 31-103 imposes a prohibition on the Inter-Fund Trade; 13. the Manager has determined that it is in the best interests of the Private Equity Fund to dispose of the

Applicable Securities as the Private Equity Fund is reducing its private debt exposure and will use the proceeds from the Inter-Fund Trade towards additional private equity investments; the Applicable Securities are the most recent private debt investments acquired by the Private Equity Fund and the Manager views these securities as the most appropriate private debt investments for the Private Equity Fund to divest;

14. the Manager has determined that it is in the best interests of the Private Debt Fund to acquire the Applicable

Securities as the Private Debt Fund recently launched and is seeking quality private debt investments with varying maturity dates to add to and diversify its investment portfolio; the Manager has identified, performed due diligence on and approved, the Applicable Securities as suitable private debt investments; the Manager applies a high approval threshold for private debt investments for the Funds which results in few investments being approved and sometimes significant periods of time elapsing before a suitable investment is identified;

15. the Manager has determined that it is appropriate for the Private Equity Fund to dispose of, and for the Private

Debt Fund to acquire, the Applicable Securities directly, rather than from a third party, and that it would be in the best interests of the Funds to receive the Exemption Sought because: (a) the Exemption Sought will result in cost and timing efficiencies in respect of the Inter-Fund Trade; (b) the Applicable Securities do not trade on any secondary market and it may not be otherwise possible

for the Private Equity Fund to sell, and the Private Debt Fund to acquire, the Applicable Securities; and

(c) the Applicable Securities are not readily obtained and if sold could not be easily replaced; (d) the Inter-Fund Trade is consistent with the investment objectives of the Funds;

16. the Filer proposes to conduct the Inter-Fund Trade at the December 31 NAV for securities of each of the Transferring Funds;

17. the Manager will retain an accounting firm registered with the Canadian Public Accountability Board and the

valuation services of which are provided by professionals who are members in good standing of the Canadian Institute of Chartered Business Valuators (the Independent Valuator) to opine as to whether the December 31 NAV for securities of each of the Transferring Funds is within the price range of fair market value for securities of each Transferring Funds; the Independent Valuator is not an auditor of the Funds or the Manager and is not related to the Manager;

18. the Manager, as manager of each Fund, will establish an independent review committee (IRC) in respect of

each Fund to review and provide its approval for the Inter-Fund Trade; 19. the Inter-Fund Trade will take place as follows: (a) the Funds will enter into a securities purchase agreement

(the Purchase Agreement) effective January 1, 2018 12:01am pursuant to which the Private Equity Fund will sell, and the Private Debt Fund will purchase, the Applicable Securities at a price equal to the December 31 NAV for each Transferring Fund; (b) the Purchase Agreement will contain the following closing conditions: (i) the Independent Valuator confirms that the December 31 NAV is a value that is within the price range of its valuation opinion for securities of each of the Transferring Funds; (ii) the Manager refers the Inter-Fund Trade to the IRC of the Funds in the manner contemplated by section 5.1 of NI 81-107 and the IRC approves the Inter-Fund Trade;


January 25, 2018

(2018), 41 OSCB 804

20. the IRC of the Funds will be composed by the Manager in accordance with section 3.7 of NI 81-107 and the IRC will comply with the standard of care set out in section 3.9 of NI 81-107; the IRC of the Funds will not approve the Inter-Fund Trade unless it has made the determination set out in subsection 5.2(2) of NI 81-107; members of the IRC will comply with subsection 3.9(1) of NI 81-107;

21. the Manager cannot rely on the exemption from the trading prohibition codified under subsection 6.1(4) of NI

81-107 because neither Fund is a reporting issuer, there are no bid and ask prices of the Applicable Securities readily available, and the transaction is not able to be executed at the current market price of the security (as defined in 6.1(1)(a) of NI 81-107) and would not meet the market integrity requirements (as defined in 6.1(1)(b) of NI 81-107);

22. the Manager considers that it would be in the best interests of the Funds if the Inter-Fund Trade could be

effective immediately following a valuation day of the Crown Fund and THL Fund at a price equal to the net asset value (NAV) per security of the Applicable Securities posted by the managers of each of the Transferring Funds on such valuation day because: (a) the Applicable Securities are not traded on any exchange or secondary market and therefore there is

no posted market price or bid and ask prices; (b) the NAV of the Applicable Securities is calculated by managers of each of the Transferring Funds

who are independent third parties from the Manager; (c) each of the Transferring Funds have independent third party auditors that review the NAV calculation

methodologies used by the managers of each of the Transferring Funds; (d) the Crown Fund is an open-ended fund that accepts subscriptions based on NAV; the THL Fund is a

closed end fund; the Transferring Funds each calculate NAV quarterly; (e) the Manager has reviewed the NAV calculation methodologies of the managers of each of the

Transferring Funds and determined that such methodologies are appropriate for the underlying assets of each of the Transferring Funds;

(f) the Manager will retain an independent third party valuator to provide an opinion on whether or not

the valuator considers the NAV of securities for each of the Transferring Funds to be fair market value and will provide the opinion to the IRC for consideration in its approval process for the Inter-Fund Trade;

23. if the IRC of a Fund becomes aware that the Manager did not comply with the terms of this decision, or a

condition imposed by securities legislation or the IRC in its approval, the IRC of the Fund will, as soon as practicable, notify in writing the securities regulatory authority or regulator in the jurisdiction which is the Fund’s principal regulator;

24. the Inter-Fund Trade will not cause a material adverse tax consequence to either of the Funds or to

securityholders of the Funds; 25. the Manager has determined that it will be in the best interests of the Funds to obtain the Exemption Sought;

and 26. absent the Exemption Sought, neither the Funds, nor the Manager, on their behalf, will be permitted to engage

in Inter-Fund Trade.

Decision 4 Each of the Decision Makers is satisfied that the decision meets the test set out in the Legislation for the Decision

Maker to make the decision. The decision of the Decision Makers under the Legislation is that the Exemption Sought is granted provided that:

(a) the Independent Valuator provides an opinion to the Manager that the December 31 NAV of securities of each of the Transferring Funds is within the range of fair market value for securities of each of the Transferring Funds;


January 25, 2018

(2018), 41 OSCB 805

(b) for the IRC approval process in (d), the Manager provides the report of the Independent Valuator to the IRC and makes available the Independent Valuator to the IRC at their request;

(c) the Inter-Fund Trade is consistent with the investment objectives of each Fund; (d) the IRC established for the Funds approves the inter-fund trades in accordance with section 5.2 of NI

81-107; (e) the Applicable Securities are transferred at a price equal to the December 31 NAV for each

Transferring Fund; (f) each of the Funds keeps written records of the Inter-Fund Trade reflecting details of the Applicable

Securities sold by the Private Equity Fund to the Private Debt Fund, and the value assigned to such securities, for five years after the end of the financial year in which the Inter-Fund Trade takes place, the most recent two financial years in a reasonably accessible place; and

(g) the Manager does not receive any compensation in respect of the Inter-Fund Trade.

“Nigel P. Cave” Vice Chair British Columbia Securities Commission


January 25, 2018

(2018), 41 OSCB 806

2.1.3 TMS NeuroHealth Centers Inc. Headnote Multilateral Instrument 11-102 Passport System and National Policy 11-203 Process for Exemptive Relief Appli-cations in Multiple Jurisdictions – Relief from the require-ments applicable to issuer bids in Part 2 of NI 62-104 – Non-reporting issuer proposes to exchange its common shares for common shares of a newly incorporated Canadian parent company – Issuer is fundamentally a closely-held company – Transaction will be effected on a voluntary basis and all shareholders will be entitled to participate and will be provided with disclosure – Non-participating shareholders will maintain their proportionate interest in the issuer. Applicable Legislative Provisions National Instrument 62-104 Take-Over Bids and Issuer

Bids, Part 2 and s. 6.1.

January 19, 2018


ONTARIO (the “Jurisdiction”)

AND

IN THE MATTER OF

THE PROCESS FOR EXEMPTIVE RELIEF APPLICATIONS IN MULTIPLE JURISDICTIONS

AND

IN THE MATTER OF

TMS NEUROHEALTH CENTERS INC. (the “Filer”)

DECISION

Background The principal regulator in the Jurisdiction has received an application from the Filer for a decision under the securities legislation of the Jurisdiction (the “Legislation”) exempting the Filer from the requirements applicable to issuer bids in Part 2 of National Instrument 62-104 Take-Over Bids and Issuer Bids (“NI 62-104”) in connection with the proposed purchase by the Filer of all of the issued and outstanding common shares (the “Common Shares”) of the Filer (the “Exemption Sought”). Under the Process for Exemptive Relief Applications in Multiple Jurisdictions

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

(b) the Filer has provided notice that sub-section 4.7(1) of Multilateral Instrument 11-102 Passport System (“MI 11-102”) is intended to be relied upon in Manitoba and British Columbia.

Interpretation Terms defined in National Instrument 14-101 Definitions and MI 11-102 have the same meaning if used in this decision, unless otherwise defined herein. Representations This decision is based on the following facts represented by the Filer: 1. The Filer is a corporation governed by the

Delaware General Corporation Law. 2. The Filer’s registered office is located in Wilming-

ton, Delaware. The Filer’s principal Canadian office is located in Toronto, Ontario.

3. The authorized share capital of the Filer consists

of 42,350,000 Common Shares. As at the date hereof, the Filer has 37,524,375 Common Shares issued and outstanding.

4. The Filer is not a “reporting issuer” for the pur-

poses of securities legislation in any jurisdiction in Canada, nor is it the equivalent under the securities laws of any other jurisdiction. There is no published market in respect of the Common Shares.

5. The Filer is not in default of securities legislation in

any jurisdiction in Canada. 6. The Filer carries on, directly and through its

subsidiaries, the business of healthcare manage-ment and administration services to facilitate the delivery of Transcranial Magnetic Stimulation therapy for the treatment of depression and related psychiatric services.

7. The Filer has determined that forming a Canadian

parent for the Filer’s business may offer more favourable market opportunities, including poten-tial Canadian public offerings and/or a stock exchange listing.

8. The Filer intends to incorporate a Canadian

subsidiary (“CanCo”) with the intention of CanCo becoming the parent of the Filer. In order to facilitate this, the Filer will have CanCo offer holders of Common Shares (the “Shareholders”) the opportunity to exchange their Common Shares for common shares of CanCo (the “CanCo Shares”) on a one-for-one basis (with corre-sponding changes to outstanding options granted by the Filer) (the “Transaction”).


January 25, 2018

(2018), 41 OSCB 807

9. The Transaction will be effected on a voluntary basis. Each Shareholder will be provided with a short disclosure document that will include a description of the Transaction, a description of the Canadian and federal United States tax considerations associated with the Transaction, and a description of the material differences between the rights of shareholders of a Canadian corporation relative to the rights of shareholders of a Delaware corporation.

10. Each Shareholder will also be provided with a

letter of transmittal that will enable a Shareholder to deliver its share certificate and confirm its intention to exchange its Common Shares for CanCo Shares pursuant to the Transaction. Each Shareholder that signs its letter of transmittal and completes the exchange will become a shareholder of CanCo.

11. Following the completion of the Transaction: (a) a

Shareholder that has exchanged its Common Shares for CanCo Shares pursuant to the Transaction will hold an equivalent number of CanCo Shares; (b) a Shareholder that has not exchanged its Common Shares for CanCo Shares pursuant to the Transaction will maintain its proportionate interest in the Filer; and (c) the Filer expects that the majority of the Common Shares will be owned by CanCo.

12. The Transaction will constitute an “issuer bid” as

that term is defined in NI 62-104. 13. Pursuant to section 4.9 of NI 62-104 (the “Non-

Reporting Issuer Exemption”), an issuer bid is exempt from Part 2 of NI 62-104 if all of the following conditions are satisfied: (a) the issuer is not a reporting issuer; (b) there is no published market for the

securities that are the subject of the bid; and

(c) the number of security holders of that

class of securities at the commencement of the bid is not more than 50, exclusive of holders who (i) are in the employment of the issuer or an affiliate of the issuer, or (ii) were formerly in the employment of the issuer or in the employment of an entity that was an affiliate of the issuer at the time of that employment, and who while in that employment were, and have continued after that employment to be, security holders of the issuer.

14. The Filer cannot rely on the Non-Reporting Issuer

Exemption because the number of security holders of the Filer exceeds 50.

15. The Filer currently has 65 Shareholders, of which 62 acquired their Common Shares pursuant to the accredited investor exemption set out in section 2.3 of National Instrument 45-106 Prospectus Exemptions (“NI 45-106”). Of the Filer’s 65 Shareholders: (a) 60 reside in Ontario, holding 32,509,375

Common Shares or approximately 86.63% of the issued and outstanding Common Shares;

(b) one resides in British Columbia, holding

112,500 Common Shares or approxi-mately 0.3% of the issued and out-standing Common Shares;

(c) one resides in Manitoba, holding 300,000

Common Shares or approximately 0.8% of the issued and outstanding Common Shares; and

(d) three reside in the United States, holding

4,602,500 Common Shares or approxi-mately 12.27% of the issued and out-standing Common Shares.

16. Of the Filer’s 65 Shareholders:

(a) two are current or former officers of the

Filer or holding companies owned or controlled by current or former officers of the Filer, including one that is a resident of the United States; and

(b) two are residents of the United States.

17. Accordingly, the Filer has 61 Shareholders, excluding employees and former employees and residents of the United States.

18. The Filer is fundamentally a closely-held

company. Although the Filer is not technically a private issuer as defined in NI 45-106, all of the Shareholders are persons to whom a private issuer is permitted to distribute securities under the exemption in section 2.4 of NI 45-106.

19. Although the proposed exchange of Common

Shares for CanCo Shares pursuant to the Transaction will be effected on a voluntary basis, the Filer expects that all of the Shareholders will participate in the Transaction.

20. The Transaction will not result in any change in

the business or operations of the Filer or its subsidiaries.

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.


January 25, 2018

(2018), 41 OSCB 808

The decision of the principal regulator under the Legislation is that the Exemption Sought is granted provided that, at the time of the Transaction:

(a) the Filer is not a reporting issuer; and (b) there is no published market for the

Common Shares. “Naizam Kanji” Director, Office of Mergers & Acquisitions Ontario Securities Commission

2.1.4 Portage Biotech Inc. Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – relief from prospec-tus requirements to allow a reporting issuer to effect a distribution in specie of shares in a U.S. issuer to its shareholders – distribution not covered by legislative exemptions – distributed shares are is a public company in the U.S. that is not a reporting issuer in Canada – de minimis Canadian presence following distribution – no investment decision required from Canadian shareholders in order to receive shares of the subsidiary. Applicable Legislative Provisions Securities Act, R.S.O. 1990, c. S.5, as am., ss. 53, 74(1).

January 16, 2018

IN THE MATTER OF

THE SECURITIES LEGISLATION OF ONTARIO

(the “Jurisdiction”)

AND

IN THE MATTER OF THE PROCESS FOR EXEMPTIVE RELIEF

APPLICATIONS IN MULTIPLE JURISDICTIONS

AND

IN THE MATTER OF PORTAGE BIOTECH INC.

(the "Filer")

DECISION Background The principal regulator in the Jurisdiction has received an application from the Filer for a decision under the securities legislation of the Jurisdiction (the “Legislation”) for an exemption (the “Exemption Sought”) from the prospectus requirement of section 53 of the Securities Act (Ontario) in connection with the proposed distribution (the “Dividend”) by the Filer of the shares of common stock of Biohaven (“Biovhaven Shares”) of Biohaven Pharmaceutical Holding Company Ltd. (“Biohaven”) by way of a dividend in specie to holders (“Filer Shareholders”) of shares of common stock of the Filer (“Filer Shares”) resident in Canada (“Filer Canadian Shareholders”). Under the Process for Exemptive Relief Applications in Multiple Jurisdictions (for a passport application):

(a) the Ontario Securities Commission is the

principal regulator for this application; and


January 25, 2018

(2018), 41 OSCB 809

(b) the Filer has provided notice that sub-section 4.7(1) of Multilateral Instrument 11-102 Passport System (“MI 11-102”) is intended to be relied upon in each of the other provinces and territories of Canada.

Interpretation 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 This decision is based on the following facts represented by the Filer: 1. The Filer is a corporation continued under the

laws of the British Virgin Islands. The Filer’s Canadian subsidiary, Portage Services Ltd., which acts as its Canadian agent, is located in Toronto, Ontario. The Filer is a pharmaceutical company that identifies, finances, and develops best-in-class or first-in-class early-to-mid stage products.

2. The Filer is a reporting issuer in Ontario. Its

common shares are listed for trading on the Canadian Securities Exchange under the symbol “PBT.U”. It is not a reporting issuer in any other jurisdiction in Canada.

3. The Filer’s common shares also trade on the OTC

Bulletin Board market in the United States under the symbol “PTBEF”. The Filer is a “foreign private issuer” under the rules of the Securities Exchange Commission (the “SEC”) and is subject to regular filing and reporting requirements in the United Sates.

4. The authorized capital stock of the Filer consists

of an unlimited number of Filer Shares with no par value per share. As of January 5, 2018, there were 280,719,920 Filer Shares issued and outstanding.

5. Biohaven was incorporated on September 25,

2013 under the laws of the British Virgin Islands with principal executive offices in New Haven, Connecticut. It is a clinical-stage biopharma-ceutical company with a portfolio of innovative, late-stage product candidates targeting neuro-logical diseases, including rare disorders. Bio-haven has licensed intellectual property from numerous companies and institutions such as Bristol-Myers Squibb Company and Yale University.

6. On April 7, 2017, Biohaven filed a registration

statement on form S-1, and subsequently filed amendments to the registration statement on April 24, 2017 and May 1, 2017 (the registration statement, as so amended, is referred to as the Registration Statement). The Registration State-

ment was declared effective by the SEC on May 3, 2017. Biohaven is subject to the United States Securities Exchange Act of 1934, as amended from time to time (the “1934 Act”) and the rules, regulations and orders promulgated thereunder.

7. The authorized capital stock of Biohaven consists

of a maximum of 200,000,000 common shares of a single class with no par value per share of which 35,931,000 are issued and outstanding as of December 12, 2017 that are held by 3,578 bene-ficial shareholders (“Biohaven Share-holders”), and a maximum of 10,000,000 preferred shares of a single class with no par value per share of which none are issued and outstanding. No other securities of Biohaven are issued and outstanding.

8. The common shares of Biohaven are listed on the

New York Stock Exchange (the “NYSE”) under the symbol “BHVN”. Other than the foregoing listing on the NYSE, no securities of Biohaven are listed or posted for trading on any exchange or market in Canada or outside of Canada.

9. Biohaven is not a reporting issuer in any province

or territory in Canada and has no present intention to become a reporting issuer in any province or territory of Canada or to list its securities on any stock exchange in Canada following the Dividend.

10. As at the date hereof, the Filer owns 6,216,619

Biohaven Shares representing 17.30% of the issued and outstanding common shares of Biohaven.

11. Based on a geographic analysis of beneficial

shareholders prepared for the Filer by Broadridge Financial Solutions, Inc., as of January 4, 2018, (i) there were 419 beneficial Filer Canadian Shareholders holding approximately 35,004,796 Filer Shares, representing approximately 12.47% of the outstanding Filer Shares.

12. On December 4, 2017, the Filer issued a news

release announcing that it intended to distribute the bulk of its Biohaven Shares to its shareholders by way of a dividend in specie. The record date for the distribution was announced as January 5, 2018 with the distribution to be effected on January 15, 2018. The Filer subsequently defer-red the distribution date to January 16, 2018 as January 15 is a statutory holiday in the United States.

13. The Filer is proposing to distribute 6,102,104

Biohaven Shares to its shareholders by way of a dividend in specie on the basis of one (1) Biohaven Share for each forty-six (46) Filer shares held (the “Dividend”) including to the Filer Canadian Shareholders. Based on the above geographical analysis of Filer beneficial share-holders, the number of Biohaven Shares that will be distributed in Canada pursuant to the Dividend


January 25, 2018

(2018), 41 OSCB 810

will be approximately 760,932 common shares representing 2.18% of the issued and outstanding Biohaven Shares.

14. Based on a geographic analysis of beneficial

holders prepared for the Filer by Biohaven’s transfer agent, American Stock Transfer (“AST”), as of December 12, 2017 (i) there are five (5) beneficial Canadian shareholders holding approxi-mately 1,264,935 Biohaven Shares, representing approximately 3.52% of the outstanding Biohaven Shares.

15. After the Dividend, approximately 2,025,867 Bio-

haven Shares representing 5.63% of the issued and outstanding Biohaven Shares will be held beneficially by Canadian residents, representing 7.90% of the total number of beneficial holders of Biohaven Shares.

16. In connection with the Dividend, the distribution

agent will distribute to each Filer Shareholder entitled to Biohaven Shares, the number of whole Biohaven Shares to which the Filer Shareholder is entitled in the form of a book-entry authorization. No fractional Biohaven Shares will be issued. Instead, one Biohaven Share will be issued where there are 23 or more Filer Shares held on the record date. The Biohaven Share allotment for those holding under 23 Filer Shares will be rounded down to zero. There will be no cash distribution.

17. Filer Shareholders will not be required to pay any

consideration for the Biohaven Shares, or to surrender or exchange Filer Shares or take any other action to receive their Biohaven Shares. The Dividend will occur automatically and without any investment decision on the part of Filer Shareholders.

18. Subject to the satisfaction of certain conditions,

the Dividend will be distributed on January 16, 2018. The Dividend will be effected under the laws of the British Virgin Islands.

19. Because the Dividend will be effected by way of a

dividend of Biohaven Shares to Filer Shareholders, no shareholder approval of the Dividend is required (or being sought) under British Virgin Islands law.

20. On January 5, 2018, the Filer filed an Information

Statement with respect to the Dividend (the “Information Statement”) detailing the terms and conditions of the Dividend. The Information Statement contains prospectus-level disclosure regarding the Filer and Biohaven.

21. Filer Shareholders (including Filer Canadian

Shareholders) will receive a notice of internet availability or, where required, a hard copy of the Information Statement. Filer Canadian Share-

holders who receive Biohaven Shares pursuant to the Dividend will have the benefit of the same rights and remedies in respect of the disclosure documentation received in connection with the Dividend that are available to Filer Shareholders resident in the United States.

22. Following the completion of the Dividend,

Biohaven will continue to be subject to the requirements of the 1934 Act and the rules and regulations of the NYSE. Biohaven will send concurrently to holders of Biohaven Shares resident in Canada, the same disclosure materials required to be sent under applicable United States securities laws to holders of Biohaven Shares resident in the United States.

23. There will be no active trading market for the

Biohaven Shares in Canada following the Divi-dend and none is expected to develop. Biohaven has no present intention of listing its securities on any Canadian stock exchange or obtaining reporting issuer status in Canada. Consequently, it is expected that any resale of Biohaven Shares distributed in connection with the Dividend will occur through the facilities of the NYSE or any other exchange or market outside of Canada on which Biohaven Shares may be quoted or listed at the time that the trade occurs, or to a person or company outside of Canada.

24. The Dividend to Filer Canadian Shareholders

would be exempt from the prospectus requirement pursuant to subsection 2.31(2) of National Instrument 45-106 Prospectus Exemptions but for the fact that Biohaven is not a reporting issuer under the securities legislation of any jurisdiction in Canada.

25. Neither the Filer nor Biohaven is in default of any

securities legislation in any jurisdiction of Canada. Decision The principal regulator is satisfied that the decision meets the test set out in the Legislation for the principal regulator to make the decision. The decision of the principal regulator under the Legislation is that the Exemption Sought is granted provided that the first trade in the Biohaven Shares acquired pursuant to the Dividend will be deemed to be a distribution unless the conditions in section 2.6 or subsection 2.14(1) of National Instrument 45-102 Resale of Securities are satisfied. “Grant Vingoe" Vice Chair Ontario Securities Commission “Tim Moseley” Vice Chair Ontario Securities Commission


January 25, 2018

(2018), 41 OSCB 811

2.2 Orders 2.2.1 The Mutual Fund Dealers Association of

Canada and John Richard Wolfenden – ss. 8, 21.7

FILE NO.: 2017-75 and 2017-76

IN THE MATTER OF

THE MUTUAL FUND DEALERS ASSOCIATION OF CANADA

AND

IN THE MATTER OF

JOHN RICHARD WOLFENDEN

D. Grant Vingoe, Vice-Chair and Chair of the Panel Timothy Moseley, Vice-Chair Frances Kordyback, Commissioner

January 15, 2018

ORDER Sections 8 and 21.7 of the

Securities Act, RSO 1990, c S.5 WHEREAS on January 15, 2018, the Ontario Securities Commission (the Commission) held a hearing at the offices of the Commission, located at 20 Queen Street West, 17th Floor, Toronto, Ontario, in relation to an application by the Mutual Fund Dealers Association of Canada (the MFDA) filed on November 2, 2017 to review a decision of the MFDA (MFDA Application), and in relation to an application by John Richard Wolfenden filed on November 22, 2017 to review a decision of the MFDA (Wolfenden Application), and in relation to Mr. Wolfenden’s motion to dismiss the MFDA Application (Motion to Dismiss); ON READING the MFDA Application, the Wolfenden Application, and the materials filed in support of the Motion to Dismiss, and on hearing the submissions of Staff of the MFDA (MFDA Staff), appearing in person; Staff of the Commission, appearing in person; and Mr. Wolfenden, appearing by telephone; including the parties’ consent to hearing the MFDA Application and the Wolfenden Application together; IT IS ORDERED THAT: 1. Pursuant to section 147 of the Securities Act,

RSO 1990, c S.5 (the Act), the MFDA Application is considered to be timely filed and the Motion to Dismiss is denied;

2. Pursuant to section 147 of the Act, the Wolfenden

Application is considered to be timely filed; 3. Pursuant to subsection 9.1(1)(b) of the Statutory

Powers Procedure Act, RSO 1990, c S.22, the MFDA Application and the Wolfenden Application will be heard at the same time;

4. MFDA Staff shall serve and file the record of the proceeding before the MFDA no later than January 19, 2018;

5. The parties shall give notice of any intention to

rely on documents or things not included in the record of the original proceeding, and shall disclose such documents or things, no later than May 22, 2018;

6. No later than May 25, 2018, Mr. Wolfenden shall

file and serve witness lists and notice of intention to call an expert witness, if any, and shall serve (but not file) summaries of the anticipated evidence of any witnesses;

7. No later than May 29, 2018, MFDA Staff shall file

and serve witness lists and notice of intention to call an expert witness, if any, and shall serve (but not file) summaries of the anticipated evidence of any witnesses;

8. The parties shall serve and file hearing briefs no

later than June 8, 2018; 9. The parties shall serve and file written

submissions no later than June 15, 2018; and 10. The hearing of both applications will be held on

June 25, 26, and 27, 2018 at the offices of the Commission, located at 20 Queen Street West, 17th Floor, Toronto, Ontario, commencing at 10:00 a.m. on each scheduled day, or on such other dates or times as may be agreed to by the parties and set by the Office of the Secretary.

“D. Grant Vingoe” “Timothy Moseley” “Frances Kordyback”


January 25, 2018

(2018), 41 OSCB 812


IN THE MATTER OF BENEDICT CHENG,

FRANK SOAVE, JOHN DAVID ROTHSTEIN AND

ERIC TREMBLAY Janet Leiper, Chair of the Panel

January 17, 2018

ORDER WHEREAS the Ontario Securities Commission conducted a hearing in writing regarding a request by Mr. Cheng to not release to the public the Reasons and Decision on a Motion Regarding Privilege dated January 10, 2018 in this matter (the Reasons); ON READING the request of Mr. Cheng and the submissions of the representatives for Staff of the Commission (Staff) and for Mr. Cheng; Mr. Soave and Mr. Tremblay not participating; and with no one appearing for John David Rothstein, having settled the allegations against him in respect of this proceeding; IT IS ORDERED THAT the Reasons be released to the public forthwith. “Janet Leiper”

2.2.3 AuRico Metals Inc. Headnote National Policy 11-206 Process for Cease to be a Reporting Issuer Applications – The issuer ceased to 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).

January 19, 2018


ONTARIO (the “Jurisdiction”)

AND

IN THE MATTER OF

THE PROCESS FOR CEASE TO BE A REPORTING ISSUER APPLICATIONS

AND

IN THE MATTER OF

AURICO METALS INC. (the “Filer”)

ORDER

Background The principal regulator in the Jurisdiction has received an application from the Filer for an order under the securities legislation of the Jurisdiction of the principal regulator (the “Legislation”) that the Filer has ceased to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer (the “Order Sought”). Under the Process for Cease to be a Reporting Issuer Applications (for a passport application):

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

(b) the Filer has provided notice that sub-

section 4C.5(1) of Multilateral Instrument 11-102 Passport System (“MI 11-102”) is intended to be relied upon in British Columbia, Alberta, Saskatchewan, Mani-toba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfound-land and Labrador, Northwest Territories, Yukon and Nunavut.


January 25, 2018

(2018), 41 OSCB 813

Interpretation Terms defined in National Instrument 14-101 Definitions and MI 11-102 have the same meaning if used in this order, unless otherwise defined. Representations This order is based on the following facts represented by the Filer: 1. the Filer is not an OTC reporting issuer under

Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets;

2. the outstanding securities of the Filer, including

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

3. no securities of the Filer, including debt securities,

are traded in Canada or another country on a marketplace as defined in National Instrument 21-101 Marketplace Operation or any other facility for bringing together buyers and sellers of securities where trading data is publicly reported;

4. the Filer is applying for an order that the Filer has

ceased to be a reporting issuer in all of the jurisdictions of Canada in which it is a reporting issuer; and

5. the Filer is not in default of securities legislation in

any jurisdiction. Order The principal regulator is satisfied that the order meets the test set out in the Legislation for the principal regulator to make the order. The decision of the principal regulator under the Legislation is that the Order Sought is granted. ”Sonny Randhawa” Deputy Director Corporate Finance Branch

2.2.4 Enbridge Gas Distribution Inc. – s. 158(1.1) of the OBCA

Headnote Order pursuant to subsection 158(1.1) of the Business Corporations Act (Ontario) that an offering corporation is authorized to dispense with its audit committee – Issuer is an indirect wholly-owned subsidiary of a parent company that is subject to audit committee requirements of National Instrument 52-110 Audit Committees (NI 52-110) – Issuer is exempt from audit committee requirements of NI 52-110 – Relief conditional upon issuer continuing to satisfy the subsidiary entity eligibility criteria for exemption from audit committee requirements of NI 52-110 or any successor instrument. Applicable Legislative Provisions Business Corporations Act, R.S.O. 1990, c. B.16, ss.

158(1) and (1.1). National Instrument 52-110 Audit Committees, s. 1.2.

IN THE MATTER OF THE BUSINESS CORPORATIONS ACT,

R.S.O 1990, CHAPTER B.16, AS AMENDED (the OBCA)

AND

IN THE MATTER OF

ENBRIDGE GAS DISTRIBUTION INC. (the Applicant)

ORDER

(Subsection 158(1.1) of the OBCA) UPON the application of the Applicant to the Ontario Securities Commission (the Commission) for an order pursuant to subsection 158(1.1) of the OBCA for a determination that the Applicant be authorized to dispense with an audit committee; AND UPON considering the application and the recommendation of staff of the Commission; AND UPON the Applicant having represented to the Commission that: 1. The Applicant was continued under the OBCA and

is a rate-regulated natural gas distribution utility serving residential, commercial and industrial customers primarily in central and eastern Ontario as well as northern New York State.

2. As of December 4, 2017, the capital structure of

the Applicant consists of: (a) an unlimited number of common shares (Common Shares), of which 213,337,897 Common Shares are issued and outstanding; (b) a limited number of preference shares (the Preference Shares), of which 4,000,000 Group 3, Series D preference shares (Group 3, Series D Preference Shares) are


January 25, 2018

(2018), 41 OSCB 814

issued and outstanding; and (c) unsecured non-convertible debt securities (the Debt Securities), of which an aggregate principal amount of $3,780 million was issued and outstanding. The Group 3, Series D Preference Shares are convertible, at the holder’s option, into Group 2, Series D preference shares on a one-for one basis on July 1, 2019 and every five years thereafter. The Group 3, Series D Preference Shares are held by three holders and do not trade on a marketplace.

3. All of the Applicant’s Common Shares are held by

its immediate parent, Enbridge Energy Distribution Inc., which is an indirect wholly owned subsidiary of Enbridge Inc. (Enbridge). Enbridge is the Applicant’s ultimate parent and is a Canadian corporation that is a reporting issuer in all of the provinces of Canada. The common shares of Enbridge are listed on the Toronto and New York stock exchanges.

4. The Applicant is a reporting issuer and is subject

to securities legislation in each of the provinces in Canada (the Legislation). The Applicant is not in default of any of its obligations as a reporting issuer under the Legislation.

5. National Instrument 52-110 Audit Committees (NI

52-110) prescribes requirements for audit committees of reporting issuers in Canada. The requirements of NI 52-110 do not apply to reporting issuers that are subsidiary entities if they satisfy the criteria set out in section 1.2(e) of NI 52-110 (the Subsidiary Entity Exemption Criteria).

6. The Applicant satisfies the Subsidiary Entity

Exemption Criteria of NI 52-110 because (a) the Applicant is a subsidiary entity within the meaning of NI 52-110; (b) the Applicant does not have equity securities trading on a marketplace; and (c) the parent of the Applicant, Enbridge, is an issuer that is subject to the requirements of NI 52-110.

7. As an indirect wholly-owned subsidiary of

Enbridge, the function of an audit committee for the Applicant is carried out at the level of Enbridge during a review of Enbridge’s consolidated financial statements. The board of directors of the Applicant will approve the Applicant’s financial statements, as is required by the OBCA.

8. The terms and conditions of the Group 3, Series D

Preference Shares are set out in the Applicant’s amended and restated articles of incorporation and the terms and conditions of the Debt Securities are set out in trust indentures. Neither the Preference Shares rights nor the Debt Securities contain restrictions or affirmative or negative covenants requiring the Applicant’s board of directors to have an audit committee.

AND UPON the Commission being satisfied that to do so would not be prejudicial to the Applicant’s shareholders. IT IS ORDERED, pursuant to subsection 158(1.1) of the OBCA, that the Applicant is authorized to dispense with an audit committee for so long as the Applicant continues to satisfy the Subsidiary Entity Exemption Criteria of NI 52-110 or any successor instrument. DATED at Toronto, Ontario, this 19th day of December, 2018 “Mark Sandler” Commissioner Ontario Securities Commission “Anne Marie Ryan” Commissioner Ontario Securities Commission


January 25, 2018

(2018), 41 OSCB 815

2.2.5 Dennis L. Meharchand and Valt.X Holdings Inc. – s. 127(1)

IN THE MATTER OF

DENNIS L. MEHARCHAND and VALT.X HOLDINGS INC.

Timothy Moseley, Vice-Chair and Chair of the Panel Deborah Leckman, Commissioner Robert P. Hutchison, Commissioner

January 22, 2018

ORDER Section 127(1) of the

Securities Act, RSO 1990, c S.5 WHEREAS on January 22, 2018, the Ontario Securities Commission held a hearing at the offices of the Commission, located at 20 Queen Street West, 17th Floor, Toronto, Ontario to hear a motion brought by Dennis L. Meharchand and Valt.X Holdings Inc. (the Respondents), seeking an Order for the recusal of certain Staff of the Commission (Staff) from this proceeding; ON READING the motion materials filed by, and on hearing the submissions of, the Respondents and the representatives for Staff; IT IS ORDERED THAT: 1. The Respondents’ motion is dismissed; 2. The Respondents shall serve and file any further

notices of motion or notice of constitutional question by February 6, 2018; and

3. The parties shall adhere to the following timeline

for the delivery of materials for the merits hearing:

a. the Respondents shall serve and file their affidavit evidence and memorandum of law and brief of authorities by February 12, 2018; and

b. Staff shall serve and file reply materials,

if any, by February 20, 2018. “Timothy Moseley” “Deborah Leckman” “Robert P. Hutchison”

2.2.6 Castle Resources Inc. Headnote National Policy 11-206 Process for Cease to be a Reporting Issuer Applications – The issuer ceases to 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).

January 18, 2018


ONTARIO (the Jurisdiction)

AND

IN THE MATTER OF


AND

IN THE MATTER OF

CASTLE RESOURCES INC. (the Filer)

ORDER

Background The principal regulator in the Jurisdiction has received an application from the Filer for an order under the securities legislation of the Jurisdiction of the principal regulator (the “Legislation”) that the Filer has ceased to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer (the “Order Sought”). Under the Process for Cease to be a Reporting Issuer Applications (for a passport application):

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


section 4C.5(1) of Multilateral Instrument 11-102 Passport System (“MI 11-102”) is intended to be relied upon in British Columbia and Alberta.

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


January 25, 2018

(2018), 41 OSCB 816

Representations This order is based on the following facts represented by the Filer: 1. the Filer is not an OTC reporting issuer under





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;




any jurisdiction. Order The principal regulator is satisfied that the order meets the test set out in the Legislation for the principal regulator to make the order. The decision of the principal regulator under the Legislation is that the Order Sought is granted. “Winnie Sanjoto” Manager, Corporate Finance Ontario Securities Commission

2.2.7 DIR Industrial Properties Inc. Headnote National Policy 11-206 Process for Cease to be a Reporting Issuer Applications – The issuer ceased to 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).

January 23, 2018


ONTARIO (the Jurisdiction)

AND

IN THE MATTER OF


AND

IN THE MATTER OF

DIR INDUSTRIAL PROPERTIES INC. (the Filer)

ORDER

Background The principal regulator in the Jurisdiction has received an application from the Filer for an order under the securities legislation of the Jurisdiction of the principal regulator (the Legislation) that the Filer has ceased to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer (the Order Sought). Under the Process for Cease to be a Reporting Issuer Applications (for a passport application):

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


section 4C.5(1) of Multilateral Instrument 11-102 Passport System (MI 11-102) is intended to be relied upon in British Columbia, Alberta, Saskatchewan, Mani-toba, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland.

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


January 25, 2018

(2018), 41 OSCB 817

Representations This order is based on the following facts represented by the Filer: 1. the Filer is not an OTC reporting issuer under





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;




any jurisdiction. Order The Principal Regulator is satisfied that the order meets the test set out in the Legislation for the Principal Regulator to make the order. The decision of the Principal Regulator under the Legislation that the Order Sought is granted. “Winnie Sanjoto” Manager, Corporate Finance Ontario Securities Commission


January 25, 2018

(2018), 41 OSCB 818

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January 25, 2018

(2018), 41 OSCB 819

Chapter 3

Reasons: Decisions, Orders and Rulings 3.1 OSC Decisions 3.1.1 Benedict Cheng et al.

IN THE MATTER OF BENEDICT CHENG,


ERIC TREMBLAY

REASONS AND DECISION ON A MOTION REGARDING PRIVILEGE Citation: Cheng (Re), 2018 ONSEC 2 Date: 2018-01-10

Hearing: December 18-22, 2017

Decision: January 10, 2018

Panel: Janet A. Leiper Chair of the Panel

Appearances: Shara N. Roy Brian Kolenda

For Benedict Cheng

David Hausman Jonathan Wansbrough

For Frank Soave

Maureen Doherty For Eric Tremblay

Yvonne Chisholm Jennifer Lynch Christina Galbraith

For Staff of the Ontario Securities Commission

TABLE OF CONTENTS

I. INTRODUCTION II. BACKGROUND

A. The Entities B. The Respondents and Other Individuals at Aston Hill C. Mr. K.’s Employment Background and Term as Chief Operating Officer at Aston Hill D. The Amaya Acquisition and Subsequent Investigation within AHS: April-October 2014 E. The OSC Investigation: FINRA Referral, the Anonymous Letter and Identification of Potential Privilege Issues

III. ISSUES AND ANALYSIS

A. Did Mr. K. and Mr. Cheng have a solicitor-client relationship?

1. Did Aston Hill Have a Solicitor-Client Relationship with Mr. K.? 2. Did Mr. Cheng have Solicitor-Client Relationship with Mr. K. prior to the June 2014 Review? 3. The June 2014 Review: Did Mr. K.’s Role Change? Was Any Solicitor-Client Relationship Formed

with Mr. Cheng During the Review?

IV. CONCLUSION

Reasons: Decisions, Orders and Rulings

January 25, 2018

(2018), 41 OSCB 820

REASONS AND DECISION I. INTRODUCTION [1] On April 12, 2017, Staff of the Ontario Securities Commission issued a Statement of Allegations pursuant to section

127 of the Securities Act1 against the Respondents.2 [2] The allegations concern illegal insider tipping and trading, misleading statements made to investigators and breaches

of confidentiality. The events giving rise to the allegations took place within Aston Hill Financial Inc. and its related subsidiaries during the early spring and summer of 2014 and during the investigation by Staff of the OSC in 2015-2016.

[3] The hearing into the merits of the allegations is scheduled for the weeks of April 16, 23 and 30, 2018. [4] On December 18-22, 2017, one of the respondents, Benedict Cheng, brought a motion requesting relief on the basis

that solicitor-client privilege attaches to certain evidence from Mr. Michael K. that Staff may seek to introduce at the hearing on the merits. Staff brought a cross motion to defer the privilege issue to the hearing on the merits. For reasons issued separately, that motion was dismissed and the privilege motion ordered to proceed on the question of whether a solicitor-client relationship existed between Mr. Cheng and Mr. K. and if so, whether any of the communications were subject to solicitor-client privilege.

[5] The evidence and a portion of the submissions on this privilege motion were heard in the absence of the public

because solicitor-client privilege was at issue. [6] For the reasons below, Mr. Cheng’s privilege motion is dismissed. Mr. Cheng has not established on a balance of

probabilities that he had a solicitor-client relationship with Mr. K. at the time of the relevant events. Accordingly, the evidence of and documents from Mr. K at issue here are not subject to any privilege with respect to Mr. Cheng and do not give rise to a ground of relief on that basis.

II. BACKGROUND A. The Entities [7] In 2014 Aston Hill Financial Inc. was a publicly traded company with its shares listed on the Toronto Stock Exchange

and its head office in Calgary, Alberta. Aston Hill had five subsidiaries, including Aston Hill Asset Management (AHAMI) and Aston Hill Securities (AHS).

[8] AHS was an investment dealer and member of Investment Industry Regulatory Organization of Canada (IIROC). It had

offices in Toronto and a head office in Halifax, Nova Scotia. [9] AHAMI was a registered investment fund manager specializing in the development, sales and management of closed

end investment funds, open end funds and hedge funds. Its office was in Toronto, Ontario where it shared contiguous space with AHS, although the two entities had different business functions and maintained separate entrances.

B. The Respondents and Other Individuals at Aston Hill [10] Eric Tremblay was the Chief Executive Officer and Chair of the Board of Directors of Aston Hill. He was also the

Ultimate Designated Person of AHAMI and was responsible for AHAMI’s compliance with securities laws in Ontario. He worked out of the Aston Hill office in Calgary.

[11] Benedict Cheng was the President and a director of Aston Hill and the Co-Chief Investment Officer of Aston Hill and

AHAMI. He was a portfolio manager at AHAMI and was registered with the OSC in that capacity. Mr. Cheng reported to Mr. Tremblay.

[12] J.D. Rothstein was the Senior Vice President and National Sales Manager of AHAMI. He reported to Mr. Cheng. At the

time of the motion, Mr. Rothstein had entered into a settlement with the OSC and was no longer appearing on the matter.

[13] Frank Soave was a client of J.D. Rothstein. He was also an investment advisor at CIBC Wood Gundy.

1 RSO 1990, c S.5. 2 On October 26, 2017, Staff issued an Amended Statement of Allegations.


January 25, 2018

(2018), 41 OSCB 821

[14] Larry T. was the Chief Financial Officer at Aston Hill and worked in Calgary. John H. was the President, Chief Compliance Officer, UDP and CFO of AHS. He worked out of the Halifax office.

[15] From June 2010 until September 2014, Mr. K. was the Chief Operating Officer of Aston Hill, including AHS and AHAMI.

He was also the President of AHAMI. Mr. Cheng’s motion claims that Mr. K. was employed as Chief Legal Officer for Aston Hill. This question is discussed in greater detail below.

C. Mr. K.’s Employment Background and Term as Chief Operating Officer at Aston Hill [16] Mr. K. was called to the bar of Ontario in 1992 and practiced for several years at a large firm in Toronto. Prior to joining

Aston Hill, he was Senior Vice President and General Counsel at a financial organization. Mr. Cheng, who is not a lawyer, was employed at the same financial organization for eight years. Mr. Cheng testified that he knew that Mr. K. was a lawyer from his time there.

[17] Mr. K. testified he left the financial organization because he wanted to change career direction. He was tired of the role

of general counsel, the work with people in conflict and the “tedious” subject matter. He decided to look for a leadership position that did not involve legal work. He was encouraged to pursue executive education and to that end, took an intensive course at Harvard University in the U.S.A. On his return to Canada in 2008, the job market had taken a downturn, so he spent some time networking. He then accepted a role at a cheque company as Executive Vice President and Chief Legal Officer.

[18] In 2009, Mr. Cheng assisted Mr. K. by providing him with contract work and office space in downtown Toronto. The

contract work included the use of Mr. K.’s legal skills as he reviewed documents and did the “due diligence” on an acquisition. Mr. Cheng saw Mr. K. as doing both the legal and acquisition work for this contract. Mr. K. described himself as the “quarterback” of the deal, a role which does not require legal training. This experience led to an offer of employment with Aston Hill, negotiated between Mr. Cheng and Mr. K.

[19] The offer of June 15, 2010 described Mr. K.’s role as “Chief Operating Officer” of Aston Hill Financial Inc. In addition to

a salary, bonus, stock options and benefits, Mr. K. was provided with parking, expenses and his Law Society membership fees. Business insurance held by the company was stipulated to cover any liability associated with the performance of his duties. Mr. K. maintained his license to practice law during the time he was employed at Aston Hill.

[20] On June 16, 2010, Mr. K. signed back the offer of employment. On July 27, 2010 Aston Hill issued a press release

announcing Mr. K. had been appointed COO, to “take a lead role in growing Aston Hill’s own mutual fund and structured financial products business.” The press release made no mention of any legal position or legal duties assigned to Mr. K.

[21] On January 1, 2013, Mr. K.’s employment status was formalized. Two members of Aston Hill’s Board of Directors and

Mr. K. signed an executive employment agreement which described his position and acknowledged he had been so employed since August of 2010. The agreement set out Mr. K.’s duties as the COO of the corporation, which required him to: a. perform the duties and responsibilities of the COO of the corporation, including all those duties and

responsibilities customarily performed by a person holding the same or an equivalent position in entities of a similar size to the corporation, engaged in business similar to that of the corporation, as well as such other related duties and responsibilities as may be assigned to the Executive by the CEO from time to time;

b. accept such other office or offices which may be elected or appointed by the Board in addition to that of COO,

and c. devote the whole of his working time, attention, efforts and skill to the performance of his employment duties

and responsibilities as set out herein, and truly and faithfully serve the best interests of the corporation at all times. In particular and without limiting the generality of the foregoing, the Executive shall not engage in any personal activities or any employment consulting work, trade or other business activity on his own account or on behalf of any other Person which may compete, conflict or interfere with the performance of the Executive’s duties hereunder in any way.

[22] The Executive Employment Agreement did not mention any duties as General Counsel or Chief Legal Officer. It

included provisions as to confidentiality but did not discuss privilege or the specific duties of confidentiality owed by lawyers to clients.

[23] The Aston Hill organizational charts obtained and filed by Staff showed Mr. K. as COO to the parent company and to

the subsidiaries AHS and AHAMI. These charts do not identify Mr. K. as having any counsel or legal officer role.


January 25, 2018

(2018), 41 OSCB 822

[24] Staff’s motion materials included copies of Aston Hill regulatory filings under Mr. K.’s signature. The filings recorded Mr. K.’s title as COO of Aston Hill, President of AHAMI or both.

[25] On September 16, 2014, Mr. Tremblay sent an email to one of the Aston Hill Directors who had also signed Mr. K.’s

employment agreement. The email advised of a plan to let Mr. K. go from the company and discussing his work as the COO. The email identified problems with staff being “alienated.” He wrote that Mr. T. had become “very cautious” forwarding even the “simplest task” to outside counsel. Mr. Tremblay wrote that as a result the ‘legal bills are adding up.” The email did not identify Mr. K. as general counsel or a chief legal officer.

[26] On September 18, 2014, Aston Hill issued a press release over the names of Eric Tremblay, CEO and Ben Cheng,

President announcing Mr. K’s successor as COO and AHAMI President. Mr. K.’s successor was also a lawyer and he was not identified as Chief Legal Officer.

D. The Amaya Acquisition and Subsequent Investigation within AHS: April-October 2014 [27] The events underlying these proceedings concerned trading in advance of the public announcement of a major gaming

company acquisition. In 2014, Amaya Gaming Group Inc. was pursuing an acquisition of PokerStars and Full Tilt Poker brands. On April 25, 2014, a representative of Amaya’s financial advisor from Canaccord Genuity Group Inc. asked AHAMI to sign a confidentiality agreement (NDA). Mr. Cheng arranged to have an AHAMI employee, (M.)K. sign the NDA. On signing the NDA, Mr. (M.)K. received a slide presentation on April 29, 2014 which described an offer to participate in the acquisition.

[28] The slide presentation set out an opportunity for funds managed by AHAMI to participate in the financing in exchange

for debt and new Amaya shares priced at $20 per share. Mr. (M.)K. shared this information with Mr. Cheng and provided him with a copy of the presentation. Mr. Cheng agreed to have AHAMI participate in the financing.

[29] On June 12, 2014, Amaya announced the acquisition of the owner of the PokerStars and Full Tilt Poker brands. [30] The CCO for AHS, Mr. H., noticed that certain AHS accounts had accumulated “a lot of Amaya” prior to the June 12

announcement. He decided to review the trades to find out whether there were any regulatory concerns. Mr. H. sent an email on June 13, 2014 to three traders at AHS letting them know that he was looking at the trading activity and would be speaking with them. Mr. H. copied Mr. K. on the email. Mr. H. and Mr. K. also spoke by phone within a few days of the June 13 email about next steps.

[31] Mr. H. consulted with outside counsel as arranged by Mr. K. He updated Mr. K. on his work as it progressed. As

required by IIROC rules, Mr. H. alerted IIROC of the investigation into unusual trading by filing a “ComSet” report concerning the three AHS brokers. In October 2014, Mr. H. filed further ComSet reports with IIROC which concluded there had not been any improper use of insider information by the brokers at AHS.

[32] On the AHAMI side of the business, Mr. K. learned that there may have been trading in Amaya prior to the

announcement of the acquisition. He consulted with outside counsel and as a result began to gather documents such as pre-clearance forms, trading records, emails and expense reports concerning trading by AHAMI employees, including Mr. Cheng. Mr. K. did not complete the review of the AHAMI trading before he was let go from Aston Hill.

[33] During the period from mid-June to late July, Mr. K. created four memos to file describing information he learned during

his review and interactions that he had with senior members of Aston Hill, including Mr. Cheng. During the investigation, these memos were produced to Staff by Mr. K. under summons. They are part of the intended evidence over which Mr. Cheng claims privilege.

E. The OSC Investigation: FINRA Referral, the Anonymous Letter and Identification of Potential Privilege Issues [34] On February 25, 2015, the Financial Industry Regulatory Authority Inc. (FINRA) referred information to the Commission

about suspicious trading in Amaya in Ontario. The FINRA letter mentioned an Aston Hill account, the April 29, 2014 NDA concerning the private placement, clients of AHS and employees of AHS and AHAMI.

[35] In April of 2015, the Staff investigator assigned to the matter was provided with an anonymous letter. The letter, dated

in January of 2015, was sent by its author to both the OSC and the Autorité des marchés financiers (AMF) in Quebec. The letter alleged insider trading or tipping by a list of individuals, employees or clients of Aston Hill parent or subsidiary companies.

[36] During the Commission’s investigation into Aston Hill, Staff served summonses under the Act. The recipients were

reminded to ensure that any correspondence between Aston Hill and any legal counsel were to be removed from the production of materials in response to the summons.


January 25, 2018

(2018), 41 OSCB 823

[37] Aston Hill produced documents to the OSC but had not completed a document by document review for potential claims of privilege. Staff took the step of having a litigation counsel unconnected with the investigation review these materials and identify documents which could lead to a claim of privilege. Because of that review, all of the materials were returned to counsel for Aston Hill to do a further privilege review and remove potentially privileged material before making further production of documents. These steps were not related to the Mr. K. memo productions, which happened later.

[38] Aston Hill produced a new set of documents that included emails sent/received by Mr. K. A protocol was created with

notice to counsel to address any documents that could lead to a claim of privilege. [39] On August 11, 2015, counsel to Aston Hill confirmed that his client was not claiming privilege over any documents

produced to date. Counsel stated that “Aston Hill is aware that Mr. K. would provide legal advice from time to time (as you noted, we are told that he trained and practiced as a lawyer prior to joining Aston Hill.)” Counsel suggested to Staff that it is possible that “recipients of that advice might regard their communications with Mr. K. as privileged.” Those recipients were not identified. At this stage, the memos created by Mr. K. during his investigation, and over which Mr. Cheng claims privilege, were not known to or produced to Staff.

[40] As part of its investigation, Staff contacted Mr. K. Counsel for Mr. K. accepted service of a section 13 summons for Mr.

K. Counsel for Mr. K. identified potential privilege issues and Staff advised him that AHF had waived privilege over communications with him in relation to documents produced to Staff.

[41] On April 6, 2016, Mr. K. attended at the OSC under summons. During that meeting, Mr. K. was not interviewed

because he had documents to produce which could lead to a claim of privilege by Aston Hill. A log was created by counsel to Mr. K. and an agreement to postpone the interview was reached pending instructions from Aston Hill’s counsel as to any potential privilege issues arising from documents produced by Mr. K. to Staff.

[42] The documents produced by Mr. K. were provided to counsel for Aston Hill. On receipt of instructions, counsel to Aston

Hill advised Staff that Aston Hill was not asserting any privilege over the documents held by Staff and agreed that Staff should access those documents. Counsel to Mr. K. confirmed his understanding and noted “We are unaware of any other claim or possible or potential claim of privilege in relation to any of the documents.”

[43] Staff unsealed the documents produced by Mr. K. on May 5, 2016 and used these, including the disputed memos to

file, as part of its ongoing investigation. [44] On June 2, 2016, Staff interviewed Mr. K. under section 13 summons. During that interview, Mr. K. discussed the

making of the memos and his inquiries into the Amaya trading at Aston Hill. He did not identify any other potential clients who might have an interest in these communications at the time of his interview.

[45] Mr. K. admitted that he was the author of the anonymous letter to the OSC and to the AMF. [46] On June 9, 2016, Mr. Cheng was interviewed under a section 13 summons. He was asked questions about the memos

written by Mr. K. Through counsel, Mr. Cheng reserved the right to claim privilege over any of the documents. Staff noted the OSC had been informed that Mr. K. did not hold a general counsel position at Aston Hill and had been employed there as the COO. Mr. Cheng testified at his examination that Mr. K. was also Chief Legal Officer of Aston Hill.

[47] With this background in place, the issues relating to Mr. Cheng’s claims of privilege on this motion are ready to be

discussed. III. ISSUES AND ANALYSIS [48] Mr. Cheng seeks to claim privilege over a broad collection of evidence disclosed by Staff, including things such as

memos written by Mr. K, the anonymous letter delivered to the Commission and AMF and transcripts of compelled testimony.

[49] The issues here are:

a. Did Mr. K. and Mr. Cheng have a solicitor-client relationship? b. If such a solicitor-client relationship is established by the evidence, which, if any of the communications

identified by Mr. Cheng, are subject to solicitor-client privilege?


January 25, 2018

(2018), 41 OSCB 824

[50] The parties agree that in considering whether privilege attaches to any communication, the following statement of the law from Solosky and Campbell applies:

Where legal advice of any kind is sought from a professional legal adviser in his capacity as such, the communications relating to that purpose, made in confidence by the client, are at his instance permanently protected from disclosure by himself or by the legal adviser, except the protection be waived.3

A. Did Mr. K. and Mr. Cheng have a solicitor-client relationship? [51] The first step in determining whether privilege attaches to any communication is to determine whether any advice was

sought by Mr. Cheng from Mr. K. acting as a legal adviser. The mere demonstration of a communication between the two parties, where one is a lawyer, will not be enough to establish a solicitor-client relationship.

[52] The “capacity” of the professional legal adviser must be determined with regard to the evidence of the relationship. This

is a fact driven analysis. It is considered using objective criteria, looked at from the perspective of the client. Indications of a solicitor-client relationship may be found in any of the following: a. a contract or retainer; b. a file opened by the lawyer; c. meetings between the lawyer and the party; d. correspondence between the lawyer and the party; e. a bill rendered by the lawyer to the party; f. a bill paid by the party; g. instructions given by the party to the lawyer; h. the lawyer acting on instructions given; i. statements made by the lawyer that the lawyer is acting for the party; j. a reasonable expectation by the party about the lawyer’s role; k. legal advice given; and l. any legal documents created for the party.4

[53] Formality is not a prerequisite to forming a solicitor-client relationship.5 The onus of establishing a solicitor-client relationship is on the party asserting the privilege.6

1. Did Aston Hill Have a Solicitor-Client Relationship with Mr. K.? [54] As part of the analysis into any solicitor-client relationship between Mr. Cheng and Mr. K., it is important to consider

both Mr. K.’s corporate role at Aston Hill as well as his role as potential counsel to Mr. Cheng personally. If Mr. K. was counsel to Aston Hill this could be relevant to the reasonableness of Mr. Cheng’s claim that he had a personal solicitor-client relationship with Mr. K.

[55] The Aston Hill corporate records, internally and externally, consistently described Mr. K. as a COO at Aston Hill and/or

President of AHAMI. The records are silent on any legal responsibilities. This was consistent with Mr. K.’s evidence about his role. Mr. K. testified that from the beginning of his employment he made it clear that “he did not want to be the ‘go-to’ guy for legal issues.” Although Mr. K. maintained his status as a licensee of the Law Society of Upper Canada by reporting to his legal regulator that was “exempt in-house counsel,” he said he did so to maintain his membership.

3 R v Campbell, [1999] 1 SCR 565 (Campbell) at para 49; Solosky v The Queen, [1980] 1 SCR 821 (Solosky) at 835. 4 Jeffers v Calico Compression Systems, 2002 ABQB 72 (Jeffers) at para 8; applied in Trillium Motor World Ltd. v General Motors of Canada

Ltd., [2015] OJ No 3602 (Trillium) at para 412. 5 Mammarino’s Creative Foods Inc. v Pezzaniti, 2015 ONSC 1190 at para 13. 6 Gower v Tolko Manitoba Inc., 2001 MBCA 11 (Gower) at para 18.


January 25, 2018

(2018), 41 OSCB 825

[56] Mr. Cheng recalled a different set of discussions leading to Mr. K.’s employment at Aston Hill. He said that initially he offered a contract to Mr. K., to assist with an acquisition of a set of funds, and that this included legal work. This in turn led to the offer of employment at Aston Hill. Mr. Cheng said Mr. K. agreed to take on operational duties and take care of legal issues that arose with senior management. Mr. Cheng said that he had not read through the employment agreement signed by Mr. K. but if it only described the COO role that “regardless, it was agreed upon between [Mr. K.] and myself and Mr. Tremblay that [Mr. K.] would handle all of the legal responsibilities at the firm.”

[57] As noted above, Mr. K.’s executive employment contract described him as COO and did not refer to any legal duties.

The contract did not require an active law licence, nor did it describe any of the specific responsibilities owed by lawyers to clients under the Rules of Professional Conduct for privilege and confidentiality or the importance of avoiding potential conflicts when acting as in-house counsel. Although the offer in 2010 included payment of Mr. K.’s licensing fees, the agreement was silent on this aspect of remuneration.

[58] The signatories to the employment agreement for Aston Hill, two members of the board, did not testify as to the

employment arrangement or any additional legal duties expected of Mr. K. and not mentioned in the agreement. [59] Mr. K. described his duties as COO: he handled operations, product development, people management and vendor

relationships including auditors, lawyers, the fund custodian and the information technology providers to Aston Hill. Where legal advice was required for Aston Hill funds and entities, outside counsel performed this function. He reported largely to Mr. Cheng, but noted that the organization chart showed joint reporting to Mr. Cheng and Mr. Tremblay. He was not challenged on his description of his operational duties to Aston Hill.

[60] Mr. K. testified that he took steps to remind Mr. Tremblay of his role on the occasions when Mr. Tremblay introduced

Mr. K. to third parties as a lawyer. [61] Mr. K. testified that during his time at Aston Hill he did not provide legal advice to Mr. Cheng on any of the issues raised

by Mr. Cheng in the motion materials. He denied giving legal advice in any of the areas claimed by Mr. Cheng, specifically about his capacity as portfolio manager, his responsibilities with the IA Clarington Funds, advice about conflicts among funds, and advice on trading, blackouts and confidentiality agreements. Mr. K. testified that he did not provide legal advice to Mr. Tremblay or to any other senior executive at AHAMI.

[62] Mr. Cheng described the legal needs of the organization as being “complex.” He testified that Mr. K. assisted him with

trading in Aston Hill stock, with blackout periods and questions about confidentiality agreements. He testified that Mr. K.’s replacement was also a lawyer and was retained to handle operational and legal issues. Mr. Cheng testified that Mr. K. assisted the firm, himself and all subsidiaries with legal issues on a consistent basis. In cross-examination, Mr. Cheng was unable to identify a specific occassion when he received personal advice from Mr. K. Mr. Cheng agreed that he did not have any documentation or opinion letters concerning personal legal advice received from Mr. K.

[63] In cross-examination, Mr. Cheng agreed that the titles and entities shown on the organizational charts for himself, the

CEO, the CFO and for Mr. K. as COO were accurate. He agreed that there was no reference on the organizational charts to Mr. K. being Chief Legal Officer or Counsel to Aston Hill.

[64] Staff put an article describing a 2013 interview with Mr. K. to Mr. Cheng in cross-examination. Mr. K. described his work

in that interview, which pre-dated the Amaya acquisition, in operational terms. The interview was consistent with Mr. K.’s evidence about his intended career trajectory to seek “a broader leadership opportunity.” Mr. Cheng agreed that the article did not describe any legal work on the part of Mr. K. The only portions of the article that referred to law were the summary of Mr. K.’s biography and a reference to the highly regulated mutual fund sector and his ability to “contribute with my corporate-and securities-law backgrounds.”

[65] Mr. Cheng agreed that as a public company, it was important for Aston Hill’s filings to be accurate. He agreed that all

public filings referred to Mr. K. as COO or President, and none of the filings described his role as Chief Legal Officer. [66] The CEO of Aston Hill, Mr. Tremblay, did not testify on the motion. [67] In support of his position that Mr. K. provided legal officer services while at Aston Hill, Mr. Cheng tendered email

communications in which Mr. K. was asked for or provided information about matters that had legal implications for either Aston Hill or officers of Aston Hill. These are described and discussed in turn: a. An email string concerning employment/termination negotiations alongside outside counsel in June

of 2014: these communications were consistent with Mr. K.’s evidence that he managed relationships with outside professionals including employment counsel in June of 2014. Mr. K.’s passed along external counsel’s


January 25, 2018

(2018), 41 OSCB 826

communications and an offer from opposing counsel. The communication is consistent with being from an executive representative tasked with managing outside relationships with counsel and having an HR function. Mr. K. testified that he had these responsibilities. There is no legal advice in the email communication from Mr. K.

b. A one-page email report from Mr. K. to Mr. Tremblay, Mr. Cheng and the CFO of Aston Hill on his attendance at a mediation, and an offer to settle made to the former employee: Mr. K. testified that he did not recall if he was there as a representative of the company alongside external counsel, or was there for Aston Hill without counsel present. The emails do not contain any legal advice.

c. A May 13, 2014 email in which Mr. Cheng sent an NDA to Mr. K. along with a request to look at it for “any issues”: Mr. K testified that part of his operational role was to review NDAs. No response or advice from Mr. K. was tendered. At its highest, and if there were no other evidence about Mr. K.’s role at Aston Hill, this request could be seen to be ambiguous. If an employee asked this question of a lawyer in the role of general counsel, it could fairly be described as a request for advice of a legal nature, consistent with that role. If made to a head of operations, it could also be seen to be ensuring that the person responsible for company activities on a broader context is aware and able to provide strategic direction on issues that could accompany non-disclosure. An executive in that role might identify legal issues to be pursued with counsel to the firm. This would be consistent with an executive tasked with making referrals to outside providers of services, including legal services. Mr. K. testified that part of his role was to be the common record keeping of NDAs. On its own, this communication without more, does not determine the question of Mr. K’s role.

d. An email of April 14, 2014 sent by Mr. K. to Mr. Tremblay, Mr. Cheng and the CFO marked

“Confidential” in which Mr. K. described the termination provisions in a contract with a mutual fund provider: The email included underlined provisions around the expiry and continuation of the contract. The CFO forwarded it to the Board of Directors by the CFO who wrote “Below is an update from (Mr. K.) regarding the situation with (the fund) as requested at the last Board meeting.” Mr. K. testified that he underlined the point in the email because there was confusion in the office about the contract. He said he summarized its content, did not provide legal advice and that the question was a strategic rather than a legal point. As with the question about the NDA, this question is ambiguous. Although Mr. K.’s clarification of the contract in is consistent with providing legal advice to a corporate client interested in its responsibilities under that contract, it is equally consistent with a reading of the contract by an executive. It could have been reasonable for any of the recipients to conclude that on that isolated occasion, they had the benefit of Mr. K.’s legal training in reading legal text. It is a second isolated example in the larger context of the role and duties undertaken by Mr. K. In the context of the other consistent evidence about Mr. K.’s role, including corporate documentation, this communication does not establish that Mr. K. was acting throughout his time at Aston Hill as a legal officer or in-house counsel.

e. A request for advice in relation to trading in the Amaya stock by a member of the Board of Directors referred to one of Mr. K.’s memos: Mr. K. noted that he had been approached by a Board member for advice on trading in Amaya. Mr. K. said that he received a faxed copy of a late fee notice from SEDI to the Board member. Mr. K. spoke with the Board member who reported getting advice from a person in the Aston Hill Calgary office. Mr. K. asked the Board member’s permission to look into the matter and contacted outside counsel to get advice from them on what to do next. He passed along this advice to the Board member, and gave no legal advice himself. This was consistent with the documents filed about that contact and the other evidence of his role. No evidence was called to the contrary and Mr. K. was not cross-examined on this description of that event.

[68] As the Supreme Court of Canada noted in Campbell, lawyers may be valuable as much for their business sense as for legal acumen. “No solicitor-client privilege attaches to advice on purely business matters even where it is provided by a lawyer.” The finder of fact must determine the nature of the relationship, the subject matter of the advice and the circumstances in which the information is sought and provided.7

7 Campbell at para. 50.


January 25, 2018

(2018), 41 OSCB 827

[69] Here, the documents that defined the relationship from the beginning of the employer-employee relationship, the extrinsic evidence of statements made about the role in 2013 during the interview with Mr. K. and the unchallenged account of Mr. K.’s actions when asked directly for advice by a Board member, are consistent with an operational, not a legal role. Mr. Cheng’s assertion of a different negotiation and hiring arrangement is not borne out by the contracts, announcements, filings and contemporaneous description of Mr. K.’s role.

[70] Mr. Cheng’s evidence that he understood to be Mr. K. was acting as Chief Legal Officer cannot be said to have been

reasonably held. The ambiguous nature of the isolated communications tendered by Mr. Cheng and discussed above are insufficient to establish a solicitor-client relationship between Aston Hill and Mr. K. during Mr. K’s employment. The indicia applied in Jeffers and Trillium to determine the existence of a solicitor-client relationship are largely absent here, with the only common factor being meetings among executives in a regulated industry, with public and private legal obligations attaching to the work at hand.

2. Did Mr. Cheng have a Solicitor-Client Relationship with Mr. K. prior to the June 2014 Review? [71] In Mr. Cheng’s affidavit he testified he sought legal advice from Mr. K. on matters relating to his own personal trading,

his obligations under non-disclosure agreements, blackout periods and otherwise. However, Mr. Cheng’s affidavit also stated that he would not waive privilege in any of these discussions and was not intending to get into the substance of those discussions. This leaves his position as a bare assertion, without substance, of a personal solicitor-client relationship with Mr. K.

[72] As described above, Mr. K. specifically denied giving any personal legal advice to Mr. Cheng. I accept this evidence. [73] I am unable to find that Mr. Cheng has established on a balance of probabilities that he had a solicitor-client

relationship with Mr. K. prior to the June 2014 Review. [74] These findings do not complete the analysis. By June of 2014, Mr. K. had assigned himself the task of reviewing

certain trades made by AHAMI in Amaya and liaising with John H., in the investigation mandated by IIROC rules. In June, Mr. K. requested that a staff member begin pulling the necessary records to assist with this review. This raises the related question as to whether Mr. K.’s role changed at this stage to include legal responsibilities and again whether he formed a solicitor-client relationship with Mr. Cheng.

[75] The question of whether such a relationship developed in June and July of 2014 is considered below. 3. The June 2014 Review: Did Mr. K.’s Role Change? Was Any Solicitor-Client Relationship Formed with Mr.

Cheng During the Review? [76] Mr. K. gave evidence that he asked for advice from outside counsel about whether to review trades made in advance of

the Amaya announcement within AHAMI. He brought these recommendations to Mr. Tremblay and to Mr. Cheng. His goal was to avoid jumping to conclusions, and to be thorough. Mr. K. identified the need to have outside counsel because of the complexity of securities law and due to close personal relationships between two staff members being investigated by Mr. H. on the AHS side, and Mr. Cheng.

[77] In June and July of 2014, Mr. K. made personal notes and observations about what he was hearing from his fellow

officers on a laptop computer. These are the memos which have attracted a claim of privilege from Mr. Cheng. Mr. Cheng disputes some of the comments attributed to him by Mr. K. in these memos, and does not have a separate recollection of what was said on these occasions. His affidavit in support of the motion says he is not certain about the details of these conversations and at times, Mr. Tremblay was present. Mr. Cheng testified that generally Mr. K. had given him advice about the risks to the company as well as to himself, personally, but he provided no further detail, recordings or notes.

[78] It is not the task on this motion to determine the accuracy of the conversations in Mr. K.’s memos. On their face, the

memos describe conversations among executives, including Mr. K., in casual locations, in the company of other people. There is no direct request for legal advice or response with legal advice recorded in any of the memos. Mr. Cheng did not describe a specific recollection or recording of requests for legal advice on these occasions. They are therefore not associated with “consultation for legal advice.”8

[79] It will be for the merits panel to resolve the dispute about any apparent admissions of wrongdoing by Mr. Cheng as

found in the memos from Mr. K. If these are accurate recordings of Mr. K.’s recollection of the events, they are not couched in the language of requests for advice by Mr. Cheng. They are more in line with assertions to Mr. K. by an officer senior to him about the utility of the review. If the memos are inaccurate, there is no reliable alternative account

8 Pritchard v Ontario (Human Rights Commission), [2004] SCJ No 16 at para 15.


January 25, 2018

(2018), 41 OSCB 828

of advice sought or received that provides support for the assertion that Mr. Cheng had a solicitor and client relationship with Mr. K. as of the summer of 2014.

[80] Mr. Cheng testified that he thought that the conversations described in the memos would be kept confidential. In the

context of the confidentiality provisions contained in the employment agreement Mr. K. signed, this is reasonable. Mr. K. agreed with this and recorded the following in his memo of July 2, 2014:

They [Mr. Tremblay and Mr. Cheng] seemed worried that [Mr. H.] would jump to conclusions so I told them we were working together on this and I would personally make sure they were in the loop before any kind of further filing or outside involvement was necessary.

[81] This expectation of business confidentiality, during a review that was ongoing, does not equate to a solicitor-client obligation of confidentiality merely because the person conducting the review had legal training or credentials.

[82] Staff described Mr. K as an “officer of the company engaged in a fact-finding exercise who happened to have a law

degree.” This is a fair characterization of Mr. K.’s role during June-September 2014. The evidence does not establish that Mr. K.’s role as COO expanded during the review to include a solicitor-client relationship with Mr. Cheng, or jointly with Mr. Tremblay.

IV. CONCLUSION [83] Having found that Mr. K. was not counsel to Aston Hill, nor to Mr. Cheng at any of the relevant times, solicitor-client

privilege does not attach to the communications recorded or reported by Mr. K. concerning these events. The balance of the motion for relief depends on such a finding and as such, Mr. Cheng’s motion is dismissed.

Dated at Toronto this 10th day of January, 2018. “Janet A. Leiper”

January 25, 2018

(2018), 41 OSCB 829

Chapter 4

Cease Trading Orders 4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders

Company Name Date of Temporary Order

Date ofHearing

Date ofPermanent Order

Date ofLapse/Revoke

Failure to File Cease Trade Orders

Company Name Date of Order Date of Revocation

Alliance Growers Corp. 05 January 2018 19 January 2018

4.2.1 Temporary, Permanent & Rescinding Management Cease Trading Orders

Company Name Date of Order Date of Lapse

THERE IS NOTHING TO REPORT THIS WEEK.

4.2.2 Outstanding Management & Insider Cease Trading Orders

Company Name Date of Order or Temporary Order

Date of Hearing

Date ofPermanent Order

Date of Lapse/ Expire

Date of Issuer

Temporary Order

Performance Sports Group Ltd.

19 October 2016 31 October 2016 31 October 2016

Company Name Date of Order Date of Lapse

Katanga Mining Limited 15 August 2017

Cease Trading Orders

January 25, 2018

(2018), 41 OSCB 830


January 25, 2018

(2018), 41 OSCB 831

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.

Insider Reporting

January 25, 2018

(2018), 41 OSCB 832

Issuer Name Security Insider Name Rel'n Transaction Date

T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

360 Blockchain Inc. Common Shares Keane, Brian D. 4 29/09/2017 00

360 Blockchain Inc. Common Shares Keane, Brian D. 4 15/01/2018 11 350,000 350,000

3TL Technologies Corp. Rights Restricted Share Units

Craig, Rob 1 30/10/2014 00

3TL Technologies Corp. Rights Restricted Share Units

Craig, Rob 1 10/01/2018 56 1,267,778 1,267,778

Abattis Bioceuticals Corp.

Common Shares David, Rene 5 16/01/2018 46 0.161 7,793,311 762,379


Common Shares Panenka, William 4 11/01/2018 10 0.6 1,046,500 -60,000


Common Shares Panenka, William 4 11/01/2018 10 0.61 1,016,500 -30,000


Common Shares Panenka, William 4 12/01/2018 10 0.5338 926,500 -90,000









ABcann Global Corporation

Common Shares Kang, Sung 5 08/01/2018 00

ABcann Global Corporation

Options Kang, Sung 5 08/01/2018 00 300,000

ABCOURT MINES INC. Common Shares catégorie B

DÉCOCHIB 3 15/01/2018 10 0.065 41,464,541 110,000

ABCOURT MINES INC. Common Shares catégorie B

Hinse, Renaud 3, 4, 5 15/01/2018 10 0.065 41,464,541 110,000

ABE Resources Inc. Common Shares Cantore, Victor 4 16/01/2018 10 0.66 3,327,880 500

ABE Resources Inc. Common Shares Cantore, Victor 4 18/01/2018 10 0.64 3,372,880 45,000

ABE Resources Inc. Warrants Cantore, Victor 4 11/05/2017 00

ABE Resources Inc. Warrants Cantore, Victor 4 16/01/2018 10 0.5456 113,500 113,500

Ackroo Inc. Options Levely, Stephen Alexander

5 11/01/2018 50 0.11 1,100,000 100,000

Ackroo Inc. Options Levely, Stephen Alexander

5 11/01/2018 50 0.15 3,000,000 1,900,000

Ackroo Inc. Options SCHAAF, DEREK 5 11/01/2018 50 0.15 550,000 400,000

Ackroo Inc. Options SCHAAF, DEREK 5 11/01/2018 50 0.11 650,000 100,000

Advantage Lithium Corp.

Options Robb, Andrew Coyne 5 27/11/2017 00 250,000

Advantage Lithium Corp.

Options Robb, Andrew Coyne 5 11/12/2017 50 500,000 250,000

Advantex Marketing International Inc.

Common Shares Abramson, Randall 3 18/01/2018 10 0.02 90,593,721 -1,557,404


Common Shares Abramson, Randall 3 19/01/2018 10 0.02 90,581,379 -12,342


Common Shares Abramson, Randall 3 18/01/2018 10 0.02 226,171,088 -3,742,596


Common Shares Abramson, Randall 3 19/01/2018 10 0.02 226,141,430 -29,658

Aecon Group Inc. Deferred Share Units Franceschini, Anthony P.

4 15/01/2018 56 19.93 31,367 941

Aecon Group Inc. Deferred Share Units Hole, James Douglas 4 15/01/2018 56 19.93 34,372 941

Aecon Group Inc. Deferred Share Units Rosenfeld, Eric Stuart 4 29/06/2017 00

Aecon Group Inc. Deferred Share Units Rosenfeld, Eric Stuart 4 15/01/2018 56 19.93 941 941

Aecon Group Inc. Deferred Share Units Sloan, Monica 4 15/01/2018 56 19.93 31,367 941

Aecon Group Inc. Deferred Share Units Wolburgh Jenah, Susan

4 15/01/2018 56 19.93 9,681 941

Affinor Growers Inc. Options Brown, Mark Thomas 5 16/01/2018 50 0.19 400,000 200,000

Ag Growth International Inc.

Common Shares Braun, Ronald Edwin 5 09/01/2018 57 35,837 12,860

Insider Reporting

January 25, 2018

(2018), 41 OSCB 833


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Common Shares Braun, Ronald Edwin 5 09/01/2018 10 55.48 29,407 -6,430


Rights Share Award Incentive Plan

Braun, Ronald Edwin 5 09/01/2018 56 28,860 2,860



Braun, Ronald Edwin 5 09/01/2018 57 16,000 -12,860



Braun, Ronald Edwin 5 09/01/2018 57 12,860



Braun, Ronald Edwin 5 09/01/2018 57 12,860



Braun, Ronald Edwin 5 10/01/2018 10 55.48 -6,430



Braun, Ronald Edwin 5 10/01/2018 10 55.48 -6,430


Common Shares Close, Timothy Jackson

5 09/01/2018 56 1,810


Common Shares Close, Timothy Jackson

5 09/01/2018 56 1,810



Close, Timothy Jackson

5 09/01/2018 56 82,810 1,810



Close, Timothy Jackson

5 09/01/2018 57 92,287 9,477

Agellan Commercial Real Estate Investment Trust

Deferred Units Barazzuol, Renzo 4, 6 14/09/2017 00


Deferred Units Barazzuol, Renzo 4, 6 19/01/2018 56 11.712 522 522


Deferred Units Gibbs, Dayna 4 19/01/2018 56 11.712 1,073 565


Deferred Units Ladouceur, Glen Joseph

7 19/01/2018 56 11.712 7,157 699


Deferred Units Lazer, Rafael 4 19/01/2018 56 11.712 977 469


Deferred Units Meyer, Yisrael Dov 4 13/11/2017 00


Deferred Units Meyer, Yisrael Dov 4 19/01/2018 56 11.712 458 458


Deferred Units Tammer, Aida Evelyn 4 13/11/2017 00


Deferred Units Tammer, Aida Evelyn 4 19/01/2018 56 11.712 261 261

AGF Management Limited

Common Shares Restricted Share Units

BASARABA, Adrian 5 16/01/2018 56 7.83 19,884 201


Common Shares Deferred Share Units

BUCHAN, JANE MELISSA

4 16/01/2018 56 7.83 378 4



Camilli, Kathleen Mary 4 16/01/2018 56 7.83 7,120 72



Davis, Sarah Ruth 4 16/01/2018 56 7.83 30,841 312



Derry, Douglas 4 16/01/2018 56 7.83 64,476 652



MCCREADIE, KEVIN ANDREW

5 16/01/2018 56 7.83 189,230 1,914


Common Shares Restricted Share Units

MCCREADIE, KEVIN ANDREW

5 16/01/2018 56 7.83 64,282 650



Smith Jr., Winthrop 4 16/01/2018 56 7.83 7,120 72


Common Shares Class B Squibb, Geoffrey Wayne

4 16/01/2018 10 7.89 22,189 222

Insider Reporting

January 25, 2018

(2018), 41 OSCB 834


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



Squibb, Geoffrey Wayne

4 16/01/2018 56 7.83 91,970 930

AgJunction Inc. (formerly Hemisphere GPS Inc.)

Retention Plan Restricted Shares

Bittner, Mark 5 12/01/2018 59 0.5 160,020 -22,000

AgJunction Inc. (formerly Hemisphere GPS Inc.)

Retention Plan Restricted Shares

Kal, Husam 5 12/01/2018 59 0.5082 160,354 -21,666

Agnico Eagle Mines Limited

Common Shares Al-Joundi, Ammar 5 12/01/2018 10 58.09 45,428 2,000


Common Shares Blackburn, Alain 5 12/01/2018 51 28.92 20,661 5,000


Common Shares Blackburn, Alain 5 12/01/2018 10 58.91 15,661 -5,000


Common Shares Blackburn, Alain 5 12/01/2018 10 58.87 12,661 -3,000


Options Blackburn, Alain 5 12/01/2018 51 28.92 204,000 -5,000


Common Shares Riley, Sean 4 12/01/2018 10 58.49 5,483 -1,000

AGT Food and Ingredients Inc. (formerly, Alliance Grain Traders Inc.)

Common Shares Al-Katib, Murad 3, 4, 5 16/01/2018 10 21.702 575,881 108


Common Shares Al-Katib, Murad 3, 4, 5 16/01/2018 10 21.702 575,935 54


Common Shares Bourassa, Gaetan Michael

5 16/01/2018 10 21.702 51,882 62


Common Shares Bourassa, Gaetan Michael

5 16/01/2018 10 21.702 51,913 31


Common Shares Ireland, Lori Ann 5 16/01/2018 10 21.702 62,758 1


Common Shares Ireland, Lori Ann 5 16/01/2018 10 21.702 62,762 4

AIRBOSS OF AMERICA CORP.

Common Shares Schoch, Peter Grenville

3, 4 15/01/2018 47 4,510,147 4,050

Akita Drilling Ltd. Non-Voting Shares Charlton, Loraine 4 17/01/2018 30 12,848 110

Akita Drilling Ltd. Non-Voting Shares Coleman, Raymond 5 17/01/2018 30 22,935 241

Akita Drilling Ltd. Non-Voting Shares Dease, Colin 5 17/01/2018 30 8,145 75

Akita Drilling Ltd. Non-Voting Shares Hensel, Fred 5 17/01/2018 30 33,493 357

Akita Drilling Ltd. Non-Voting Shares Kushner, Craig 5 17/01/2018 30 16,142 145

Akita Drilling Ltd. Non-Voting Shares Mohan, Harish 4 17/01/2018 30 5,059 54

Akita Drilling Ltd. Non-Voting Shares Reynolds, Darcy 5 17/01/2018 30 5,082 51

Akita Drilling Ltd. Non-Voting Shares RICHARDSON, DALE 4 17/01/2018 30 35,954 112

Akita Drilling Ltd. Non-Voting Shares Ruud, Karl 4 17/01/2018 30 44,395 144

Akita Drilling Ltd. Non-Voting Shares Southern-Heathcott, Linda A.

4, 6 17/01/2018 30 25,038 112

Akita Drilling Ltd. Non-Voting Shares Southern, Nancy C. 4, 6 17/01/2018 30 26,319 112

Akita Drilling Ltd. Non-Voting Shares Spitznagel, Curt Perry 4 17/01/2018 30 10,910 112

Akita Drilling Ltd. Non-Voting Shares Wilmot, Harry 4 17/01/2018 30 2,920 30

Akita Drilling Ltd. Non-Voting Shares WILSON, Charles W. 4 17/01/2018 30 20,307 317

Alamos Gold Inc. Options Cormier, John Andrew 5 13/01/2018 52 15.53 344,412 -13,813

Alamos Gold Inc. Options Daniel, Mark 4 13/01/2018 52 15.53 50,460 -11,051

Alamos Gold Inc. Options Downey, Patrick D. 4 13/01/2018 52 15.53 50,460 -11,051

Alamos Gold Inc. Options MacPhail, Peter 5 13/01/2018 52 15.53 446,008 -27,627

Insider Reporting

January 25, 2018

(2018), 41 OSCB 835


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Alamos Gold Inc. Rights Restricted Share Units

Webster, Colin 5 19/01/2018 59 7.63 8,900 -4,470

Alba Minerals Ltd. Common Shares Brown, Arthur 4, 5 10/03/2017 11 0.1 215,000 110,000

Alba Minerals Ltd. Common Shares Brown, Arthur 4, 5 11/01/2018 10 0.285 60,000 -50,000

Alba Minerals Ltd. Warrants Brown, Arthur 4, 5 17/11/2016 00

Alba Minerals Ltd. Warrants Brown, Arthur 4, 5 10/03/2017 53 0.15 110,000 110,000

Algold Resources Ltd. Deferred Share Units (DSUs)

Grou, Yves 4, 5 17/01/2018 56 0.176 1,293,690 272,024


La Salle, Benoit 4, 5 17/01/2018 56 0.176 1,256,696 340,030


Milmeister, Darin 4 17/01/2018 56 0.176 352,024 272,024


Seetaroo, Anisah Ummay Salma

4 17/01/2018 56 0.176 352,024 272,024

Almonty Industries Inc. Common Shares Almonty Industries Inc. 1 29/12/2017 38 0 -60,000

Alset Minerals Corp. (formerly Alset Energy Corp.)

Common Shares Fretwell, Gordon 4, 5 15/01/2018 16 0.15 172,858


Common Shares Fretwell, Gordon 4, 5 15/01/2018 16 0.07 1,035,608 172,858


Common Shares Fretwell, Gordon 4, 5 19/01/2018 10 0.09 995,608 -40,000


Warrants Fretwell, Gordon 4, 5 15/01/2018 16 141,608 172,858


Common Shares Laboucan, Allan Barry 5 28/12/2017 10 0.07 231,000 -9,000






Common Shares Laboucan, Allan Barry 5 02/01/2018 10 0.075 0 -60,000


Common Shares Laboucan, Allan Barry 5 11/01/2018 10 0.07 250,000 250,000


Warrants Laboucan, Allan Barry 5 11/01/2018 53 0.1 440,000 250,000

Altair Resources Inc. Common Shares Dhanani, Zahir 3 16/01/2018 10 0.085 6,772,484 50,000



Altiplano Minerals Ltd. Common Shares Williamson, John 3, 4 10/01/2018 10 0.64 2,169,571 -500

Altiplano Minerals Ltd. Common Shares Williamson, John 3, 4 10/01/2018 10 0.6 1,934,571 -235,000



Altiplano Minerals Ltd. Common Shares Williamson, John 3, 4 11/01/2018 10 0.64 -500

Altiplano Minerals Ltd. Common Shares Williamson, John 3, 4 11/01/2018 10 0.6 -235,000










Insider Reporting

January 25, 2018

(2018), 41 OSCB 836


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Altius Minerals Corporation

Common Shares Warr, Donald James 4 15/01/2018 99 93,612 -1,000

Altus Group Limited Deferred Share Units Brown, Angela Louise 4 15/01/2018 56 36.75 1,213

Altus Group Limited Deferred Share Units Brown, Angela Louise 4 15/01/2018 56 36.75 4,079 1,123

Altus Group Limited Deferred Share Units Brown, Angela Louise 4 15/01/2018 56 36.75 4,091 12

Altus Group Limited Deferred Share Units FARRELL, CARL 4 15/01/2018 56 36.75 10,707 851

Altus Group Limited Deferred Share Units FARRELL, CARL 4 15/01/2018 56 36.75 10,747 40

Altus Group Limited Deferred Share Units Gaffney, Thomas Anthony

4 15/01/2018 56 36.75 18,229 1,122

Altus Group Limited Deferred Share Units Gaffney, Thomas Anthony

4 15/01/2018 56 36.75 18,299 70

Altus Group Limited Deferred Share Units MacDiarmid, Diane 4 15/01/2018 56 36.75 21,139 1,122

Altus Group Limited Deferred Share Units MacDiarmid, Diane 4 15/01/2018 56 36.75 21,221 82

Altus Group Limited Deferred Share Units Mikulich, Raymond 4 15/01/2018 56 36.75 15,346 1,271

Altus Group Limited Deferred Share Units Mikulich, Raymond 4 15/01/2018 56 36.75 15,403 57

Altus Group Limited Deferred Share Units Slavens, Eric W. 4 15/01/2018 56 36.75 23,092 612

Altus Group Limited Deferred Share Units Slavens, Eric W. 4 15/01/2018 56 36.75 23,184 92

Altus Group Limited Deferred Share Units Woodruff, Janet Patricia

4 15/01/2018 56 36.75 7,064 612

Altus Group Limited Deferred Share Units Woodruff, Janet Patricia

4 15/01/2018 56 36.75 7,091 27

Amerigo Resources Ltd Common Shares Beaty, Ross J. 3 15/01/2018 10 1.252 24,248,393 -3,000,000

Amerigo Resources Ltd Common Shares Toor, Nauman (Nick) 3 12/01/2018 10 1.18 1,390,700 50,000

Anaconda Mining Inc. Common Shares Bullock, Kevin 4 08/09/2015 00

Anaconda Mining Inc. Common Shares Bullock, Kevin 4 19/01/2018 51 0.05 400,000 400,000

Anaconda Mining Inc. Common Shares Bullock, Kevin 4 19/01/2018 10 0 -400,000

Anaconda Mining Inc. Options Bullock, Kevin 4 19/01/2018 51 0.05 200,000 -400,000

Anaconda Mining Inc. Options Byron, Michael 4 18/01/2018 37 568,750 -506,250

Anaconda Mining Inc. Options Byron, Michael 4 19/01/2018 50 0.46 612,500 43,750

Anaconda Mining Inc. Common Shares Dufour, Robert 5 18/01/2018 37 374,250 -1,122,750

Anaconda Mining Inc. Options Dufour, Robert 5 18/01/2018 37 125,000 -375,000

Anaconda Mining Inc. Options Dufour, Robert 5 19/01/2018 50 275,000 150,000

Andrew Peller Limited (formerly Andrés Wines Ltd.)

Non-Voting Shares Class A

ATHAIDE, BRIAN DAVID

5 08/01/2018 10 16.056 95,492 24



BERTI, GREGORY JOHN

5 08/01/2018 10 16.056 95,598 153



CAMPBELL, COLIN MICHAEL

5 08/01/2018 10 16.056 16,277 46



COLE, JAMES HERBERT

5 08/01/2018 10 16.056 37,017 81



HAWTHORNE, JOHN GAVIN

5 08/01/2018 10 16.056 2,721 7



MCDONALD, CRAIG DAVID

5 08/01/2018 10 16.056 23,055 32



POWELL, RANDY ALAN

4 08/01/2018 10 16.056 40,085 31



ROONEY, ERIN LOUISE

5 08/01/2018 10 16.056 13,543 38



WALL, BRENDAN PATRICK

5 08/01/2018 10 16.056 54,778 158

Aphria Inc. (formerly, Black Sparrow Capital Corp.)

Common Shares Caciavillani, Cole 3, 4, 5 16/01/2018 51 0.6 5,766,667 500,000



Insider Reporting

January 25, 2018

(2018), 41 OSCB 837


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed






Common Shares Caciavillani, Cole 3, 4, 5 16/01/2018 51 16666 5,869,999 16,666




Deferred Share Unit Caciavillani, Cole 3, 4, 5 08/12/2014 00


Deferred Share Unit Caciavillani, Cole 3, 4, 5 16/01/2018 56 21.65 53,000 53,000


Options Caciavillani, Cole 3, 4, 5 16/01/2018 51 0.6 270,000 -500,000












Common Shares Cervini, John 3, 4, 5 16/01/2018 51 0.6 500,000 500,000




Common Shares Cervini, John 3, 4, 5 16/01/2018 51 1.4 50,000














Deferred Share Unit Cervini, John 3, 4, 5 08/12/2014 00


Deferred Share Unit Cervini, John 3, 4, 5 16/01/2018 56 21.65 53,000 53,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 838


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Options Cervini, John 3, 4, 5 16/01/2018 51 0.6 500,000


Options Cervini, John 3, 4, 5 16/01/2018 51 0.6 270,000 -500,000




Options Cervini, John 3, 4, 5 16/01/2018 51 1.4 -50,000














Deferred Share Unit Dym, Shawn 4 25/10/2017 00


Deferred Share Unit Dym, Shawn 4 16/01/2018 56 21.65 24,000 24,000


Options Dym, Shawn 4 15/01/2018 50 21.7 85,000 35,000


Deferred Share Unit MERTON, Carl 5 03/02/2015 00


Deferred Share Unit MERTON, Carl 5 16/01/2018 56 21.65 67,000 67,000


Options MERTON, Carl 5 15/01/2018 50 21.7 535,000 125,000


Common Shares Neufeld, Victor 4, 5 15/01/2018 51 1.3 861,514 50,000


Deferred Share Unit Neufeld, Victor 4, 5 08/12/2014 00


Deferred Share Unit Neufeld, Victor 4, 5 16/01/2018 56 21.65 200,000 200,000


Options Neufeld, Victor 4, 5 15/01/2018 50 21.7 2,200,000 250,000


Options Neufeld, Victor 4, 5 15/01/2018 51 1.3 2,150,000 -50,000


Deferred Share Unit Persofsky, Renah 4 25/10/2017 00


Deferred Share Unit Persofsky, Renah 4 16/01/2018 56 21.65 24,000 24,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 839


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Options Persofsky, Renah 4 15/01/2018 50 21.7 85,000 35,000


Deferred Share Unit Staudt, Dennis Joseph 4 08/12/2014 00


Deferred Share Unit Staudt, Dennis Joseph 4 28/02/2017 56 6.75 592 592


Deferred Share Unit Staudt, Dennis Joseph 4 31/05/2017 56 5.24 1,355 763


Deferred Share Unit Staudt, Dennis Joseph 4 31/08/2017 56 5.98 2,525 1,170


Deferred Share Unit Staudt, Dennis Joseph 4 30/11/2017 56 11.48 3,134 609


Deferred Share Unit Staudt, Dennis Joseph 4 16/01/2018 56 21.65 27,134 24,000


Options Staudt, Dennis Joseph 4 15/01/2018 50 21.7 125,000 35,000


Deferred Share Unit Waddington, Philip 4 08/12/2014 00


Deferred Share Unit Waddington, Philip 4 28/02/2017 56 6.75 592 592


Deferred Share Unit Waddington, Philip 4 31/05/2017 56 5.24 1,355 763


Deferred Share Unit Waddington, Philip 4 31/08/2017 56 5.98 2,525 1,170


Deferred Share Unit Waddington, Philip 4 30/11/2017 56 11.48 3,134 609


Deferred Share Unit Waddington, Philip 4 16/01/2018 56 21.65 27,134 24,000

Aquila Resources Inc. Options Boushy, Andrew 5 12/01/2018 50 2,064,000 85,000

Aquila Resources Inc. Rights Restricted Share Units

Boushy, Andrew 5 12/01/2018 56 805,000 55,000

Aquila Resources Inc. Options Hildred, David Barrett 5 12/01/2018 50 8,587,500 150,000


Hildred, David Barrett 5 12/01/2018 56 3,100,000 100,000

Aquila Resources Inc. Options Malec, Stephanie Anne 5 12/01/2018 50 1,102,500 35,000


Malec, Stephanie Anne 5 12/01/2018 56 275,000 25,000

Arbutus Biopharma Corporation

Convertible Preferred Shares Series A

Roivant Sciences, Ltd. 3 12/01/2018 11 100 1,164,000 664,000

AREV Nutrition Sciences Inc. (formerly Immunall Science Inc.)

Common Shares Withrow, MIke Withrow 4 10/01/2018 11 0.25 4,884,000 -250,000

Aritzia Inc. Options MacIver, David John 5 15/01/2018 50 380,108 171,000

Aritzia Inc. Options Neal, Jennifer Michelle Wong

4, 5 15/01/2018 50 1,532,393 342,000

Arizona Silver Exploration Inc.

Common Shares Stark, Michael 4 15/01/2018 10 0.2 570,700 15,000

Artis Real Estate Investment Trust

Restricted Units Green, James 5 15/01/2018 56 14.07 26,212 166


Deferred Units Jack, Bruce William James

4 15/01/2018 56 14.07 8,335 36


Restricted Units Johnson, David Lyall 5 15/01/2018 56 14.07 7,115 45

Insider Reporting

January 25, 2018

(2018), 41 OSCB 840


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Units Joyce, Ron 3 18/01/2018 10 14.26 15,591,900 100,000


Restricted Units Martens, Armin 4, 5 15/01/2018 56 14.07 70,689 450


Deferred Units Martens, Cornelius 4, 5 15/01/2018 56 14.07 5,062 30


Restricted Units Martens, Philip 5 15/01/2018 59 14.06 4,215 -639


Restricted Units Martens, Philip 5 15/01/2018 56 14.07 4,241 26


Deferred Units Rimer, Ronald Albert 4 15/01/2018 56 14.07 23,424 136


Deferred Units Ryan, Patrick Gowan 4 15/01/2018 56 14.07 34,168 205


Restricted Units Sherlock, Stephen Francis Patrick

5 15/01/2018 56 14.07 7,115 45


Deferred Units Thielmann, Victor 4 15/01/2018 56 14.07 5,062 30


Deferred Units Townsend, Kenneth 4 15/01/2018 56 14.07 5,062 30


Deferred Units Warkentin, Edward 4, 5 15/01/2018 56 14.07 5,062 30


Restricted Units Wong, Dennis San 5 15/01/2018 56 14.07 7,810 49

Asbestos Corporation Limited

Common Shares MONETTE, SERGE 3 11/01/2018 10 0.55 138,500 -2,000





Aston Bay Holdings Ltd. Warrants Hayes, John Philip 8 13/01/2018 55 0.3 0 -40,000

Aston Bay Holdings Ltd. Warrants Walker, G. Dwight 5 13/01/2018 55 0.15 0 -25,000

Aston Bay Holdings Ltd. Warrants Walker, G. Dwight 5 13/01/2018 55 0.15 0 -25,000

ATCO LTD. Non-Voting Shares Class I

Booth, Robert T. 4 31/12/2017 30 48.43 18,404 743


Charlton, Loraine M. 7 31/12/2017 30 48.05 893 427


Ellard, Denis M. 4 31/12/2017 30 48.1 6,447 1,358


Fountain, C. Anthony 4 31/12/2017 30 48.06 5,112 1,782


Rayfield, Michael 7 31/12/2017 30 48.18 21,234 2,065


Routs, Robert John 4 31/12/2017 30 48.26 9,680 556


Southern-Heathcott, Linda A.

6, 7 31/12/2017 30 48.05 8,199 1,276


Urwin, Roger J. 4 31/12/2017 30 48.11 6,237 456


Werth, Susan R 4 31/12/2017 30 48.08 16,007 443


WILSON, Charles W. 4 31/12/2017 30 48.41 58,195 718

Atico Mining Corporation

Common Shares Dutina, Igor 8 12/01/2018 10 0.7 66,778 10,000

Atlas Financial Holdings, Inc.

Common Shares DiMaggio, Leslie Patterson

7 31/12/2017 30 16.012 51,582 817


Common Shares Giles, Bruce Wayne 7 31/12/2017 30 16.016 46,479 795


Common Shares Romano, Paul 5 31/12/2017 30 16.012 51,938 1,452


Common Shares Shugrue, Joseph Raymond

7 31/12/2017 30 16.026 50,932 578


Common Shares Wollney, Scott David 5 31/12/2017 30 16.012 202,372 2,593

Aurania Resources Ltd. Common Shares Harper, Gerald 4 15/01/2018 10 4.3046 144,300 -2,200

Insider Reporting

January 25, 2018

(2018), 41 OSCB 841


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed







Aurora Cannabis Inc. Common Shares Cleiren, Allan John 5 15/01/2018 30 10.84 34,914 27

Aurora Cannabis Inc. Common Shares Levy, Ronan 5 18/12/2017 36 274,104 91,184

Aurora Cannabis Inc. Common Shares Levy, Ronan 5 16/01/2018 30 10.84 274,186 82

Aurora Cannabis Inc. Warrants Levy, Ronan 5 13/11/2017 00 166,670

Aurora Cannabis Inc. Warrants Levy, Ronan 5 15/01/2018 10 5.6 192,670 26,000

Aurora Cannabis Inc. Common Shares Wilson, Debra 5 08/08/2017 00

Aurora Cannabis Inc. Common Shares Wilson, Debra 5 16/01/2018 30 10.84 34 34

Aurquest Resources Inc.

Common Shares Bhumgara, David 5 15/01/2018 11 0.0156 5,400,000 -5,000,000

Avante Logixx Inc. Common Shares Verner, Leland 4, 5 12/01/2018 10 0.3 170,200 -120,000

Avante Logixx Inc. Common Shares Wechsler, Rodney Alan 7 12/01/2018 10 0.3 1,661,264 120,000

Avigilon Corporation Common Shares Fernandes, Alexander 4, 5 16/01/2018 97 0 -4,120

Avigilon Corporation Common Shares Fernandes, Alexander 4, 5 16/01/2018 97 0 -4,777

Bank of Montreal Deferred Share Units Prichard, John Robert Stobo

4, 7 16/01/2018 35 102.63 408

Bank of Montreal Deferred Share Units Prichard, John Robert Stobo

4, 7 16/01/2018 56 102.63 95,882 408

Bank of Montreal Restricted Share Units Rudderham, Richard D.

5 12/01/2018 56 100.5 1,492

Bank of Montreal Restricted Share Units Rudderham, Richard D.

5 12/01/2018 56 100.5 1,492 1,492

Barrick Gold Corporation

Common Shares Clow, Graham G. 4 31/12/2017 30 20.59 15,083 71


Common Shares Thornton, John Lawson 4, 5 15/03/2017 30 17.42 1,213,521 1,119







Barsele Minerals Corp. Common Shares Wilmot, Ross 4, 5 12/01/2018 10 0.7 1,006,200 50,000

Barsele Minerals Corp. Common Shares Wilmot, Ross 4, 5 15/01/2018 10 0.7 1,016,200 10,000

Bayhorse Silver Inc. Common Shares Low, Rick 5 30/09/2016 00

Bayhorse Silver Inc. Common Shares Low, Rick 5 18/01/2018 11 0.2 42,000 42,000

Bayhorse Silver Inc. Warrants Low, Rick 5 30/09/2016 00

Bayhorse Silver Inc. Warrants Low, Rick 5 18/01/2018 11 42,000 42,000

Baytex Energy Corp. Common Shares Arthur, Kendall Douglas

5 18/01/2018 57 4.17 74,514 15,180


5 18/01/2018 57 4.17 82,684 8,170


5 18/01/2018 30 4.12 73,106 -9,578

Baytex Energy Corp. Performance Awards Arthur, Kendall Douglas

5 18/01/2018 56 4.17 139,025 81,250

Baytex Energy Corp. Performance Awards Arthur, Kendall Douglas

5 18/01/2018 57 4.17 123,947 -15,078

Baytex Energy Corp. Restricted Awards Arthur, Kendall Douglas

5 18/01/2018 56 4.17 74,863 43,750

Baytex Energy Corp. Restricted Awards Arthur, Kendall Douglas

5 18/01/2018 57 4.17 66,744 -8,119

Baytex Energy Corp. Restricted Awards Bly, Mark 4 01/11/2017 00

Baytex Energy Corp. Restricted Awards Bly, Mark 4 18/01/2018 56 3.34 35,971 35,971

Baytex Energy Corp. Common Shares Bowzer, James Lee 4 18/01/2018 57 3.34 293,453 64,236

Baytex Energy Corp. Common Shares Bowzer, James Lee 4 18/01/2018 57 3.34 312,311 18,858

Baytex Energy Corp. Common Shares Bowzer, James Lee 4 18/01/2018 30 3.34 269,700 -42,611

Insider Reporting

January 25, 2018

(2018), 41 OSCB 842


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Baytex Energy Corp. Performance Awards Bowzer, James Lee 4 18/01/2018 57 3.34 129,259 -62,815

Baytex Energy Corp. Restricted Awards Bowzer, James Lee 4 18/01/2018 56 3.34 98,042 35,971

Baytex Energy Corp. Restricted Awards Bowzer, James Lee 4 18/01/2018 57 3.34 79,529 -18,513

Baytex Energy Corp. Common Shares Chan, Raymond Tatsun

4 18/01/2018 57 4.17 254,009 5,667


4 18/01/2018 57 4.17 259,643 5,634


4 18/01/2018 30 4.12 255,007 -4,636

Baytex Energy Corp. Performance Awards Chan, Raymond Tatsun

4 18/01/2018 57 4.17 10,474 -5,628

Baytex Energy Corp. Restricted Awards Chan, Raymond Tatsun

4 18/01/2018 56 4.17 61,077 35,971


4 18/01/2018 57 4.17 -5,628


4 18/01/2018 57 4.17 55,453 -5,624

Baytex Energy Corp. Common Shares CHWYL, EDWARD 4 18/01/2018 57 4.17 175,638 5,667

Baytex Energy Corp. Common Shares CHWYL, EDWARD 4 18/01/2018 57 4.17 181,272 5,634

Baytex Energy Corp. Common Shares CHWYL, EDWARD 4 18/01/2018 30 4.12 176,636 -4,636

Baytex Energy Corp. Performance Awards CHWYL, EDWARD 4 18/01/2018 57 4.17 10,474 -5,628

Baytex Energy Corp. Restricted Awards CHWYL, EDWARD 4 18/01/2018 56 4.17 61,077 35,971

Baytex Energy Corp. Restricted Awards CHWYL, EDWARD 4 18/01/2018 57 4.17 55,453 -5,624

Baytex Energy Corp. Common Shares Curran, Trudy Marie 4 18/01/2018 57 4.17 33,218 5,624

Baytex Energy Corp. Common Shares Curran, Trudy Marie 4 18/01/2018 30 4.12 30,911 -2,307

Baytex Energy Corp. Performance Awards Curran, Trudy Marie 4 18/01/2018 57 4.17 3,378 -1,126

Baytex Energy Corp. Restricted Awards Curran, Trudy Marie 4 18/01/2018 56 4.17 58,176 35,971

Baytex Energy Corp. Restricted Awards Curran, Trudy Marie 4 18/01/2018 57 4.17 53,678 -4,498

Baytex Energy Corp. Common Shares Darcy, Geoffrey James 5 18/01/2018 57 4.17 149,622 21,528

Baytex Energy Corp. Common Shares Darcy, Geoffrey James 5 18/01/2018 57 4.17 161,203 11,581

Baytex Energy Corp. Common Shares Darcy, Geoffrey James 5 18/01/2018 30 4.12 147,621 -13,582

Baytex Energy Corp. Performance Awards Darcy, Geoffrey James 5 18/01/2018 56 4.17 152,751 73,125

Baytex Energy Corp. Performance Awards Darcy, Geoffrey James 5 18/01/2018 57 4.17 131,516 -21,235

Baytex Energy Corp. Restricted Awards Darcy, Geoffrey James 5 18/01/2018 56 4.17 82,252 39,375

Baytex Energy Corp. Restricted Awards Darcy, Geoffrey James 5 18/01/2018 57 4.17 70,817 -11,435

Baytex Energy Corp. Common Shares Dargan, Naveen 4 18/01/2018 57 4.17 287,152 5,667

Baytex Energy Corp. Common Shares Dargan, Naveen 4 18/01/2018 57 4.17 292,786 5,634

Baytex Energy Corp. Common Shares Dargan, Naveen 4 18/01/2018 30 4.12 288,150 -4,636

Baytex Energy Corp. Performance Awards Dargan, Naveen 4 18/01/2018 57 4.17 10,474 -5,628

Baytex Energy Corp. Restricted Awards Dargan, Naveen 4 18/01/2018 56 4.17 61,077 35,971

Baytex Energy Corp. Restricted Awards Dargan, Naveen 4 18/01/2018 57 4.17 55,453 -5,624

Baytex Energy Corp. Common Shares Desrosiers, Murray Joseph

5 18/01/2018 57 4.17 95,433 17,810

Baytex Energy Corp. Common Shares Desrosiers, Murray Joseph

5 18/01/2018 57 4.17 105,021 9,588

Baytex Energy Corp. Performance Awards Desrosiers, Murray Joseph

5 18/01/2018 56 4.17 133,970 65,000

Baytex Energy Corp. Performance Awards Desrosiers, Murray Joseph

5 18/01/2018 57 4.17 116,276 -17,694

Baytex Energy Corp. Restricted Awards Desrosiers, Murray Joseph

5 18/01/2018 56 4.17 72,139 35,000

Baytex Energy Corp. Restricted Awards Desrosiers, Murray Joseph

5 18/01/2018 57 4.17 62,611 -9,528

Baytex Energy Corp. Common Shares Ector, Brian Gordon 5 18/01/2018 57 4.17 103,274 21,441

Baytex Energy Corp. Common Shares Ector, Brian Gordon 5 18/01/2018 57 4.17 114,815 11,541

Baytex Energy Corp. Common Shares Ector, Brian Gordon 5 18/01/2018 10 4.12 98,815 -16,000

Baytex Energy Corp. Common Shares Ector, Brian Gordon 5 18/01/2018 30 4.12 81,902 -16,913

Baytex Energy Corp. Performance Awards Ector, Brian Gordon 5 18/01/2018 56 4.17 162,606 81,250

Baytex Energy Corp. Performance Awards Ector, Brian Gordon 5 18/01/2018 57 4 141,371 -21,235

Baytex Energy Corp. Restricted Awards Ector, Brian Gordon 5 18/01/2018 56 4.17 87,560 43,750

Baytex Energy Corp. Restricted Awards Ector, Brian Gordon 5 18/01/2018 57 4.17 76,125 -11,435

Insider Reporting

January 25, 2018

(2018), 41 OSCB 843


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Baytex Energy Corp. Common Shares GOEPEL, RUSTON ERNEST TREMAYNE

4 18/01/2018 57 4.17 103,156 5,667

Baytex Energy Corp. Common Shares GOEPEL, RUSTON ERNEST TREMAYNE

4 18/01/2018 57 4.17 108,790 5,634

Baytex Energy Corp. Performance Awards GOEPEL, RUSTON ERNEST TREMAYNE

4 18/01/2018 57 4.17 10,474 -5,628

Baytex Energy Corp. Restricted Awards GOEPEL, RUSTON ERNEST TREMAYNE

4 18/01/2018 56 4.17 37,096 11,990

Baytex Energy Corp. Restricted Awards GOEPEL, RUSTON ERNEST TREMAYNE

4 18/01/2018 57 4.17 31,472 -5,624

Baytex Energy Corp. Common Shares Gray, Rodney 5 18/01/2018 57 4.17 146,676 44,825

Baytex Energy Corp. Common Shares Gray, Rodney 5 18/01/2018 57 4.17 161,617 14,941

Baytex Energy Corp. Common Shares Gray, Rodney 5 18/01/2018 30 4.12 130,970 -30,647

Baytex Energy Corp. Performance Awards Gray, Rodney 5 18/01/2018 56 4.17 389,792 206,250

Baytex Energy Corp. Performance Awards Gray, Rodney 5 18/01/2018 57 4.17 345,208 -44,584

Baytex Energy Corp. Restricted Awards Gray, Rodney 5 18/01/2018 56 4.17 129,932 68,750

Baytex Energy Corp. Restricted Awards Gray, Rodney 5 18/01/2018 57 4.17 115,070 -14,862

Baytex Energy Corp. Common Shares Johnson, Ryan McKenzie

5 18/01/2018 57 4.17 52,504 15,598


5 18/01/2018 57 4.17 60,897 8,393


5 18/01/2018 30 4.12 49,086 -11,811

Baytex Energy Corp. Performance Awards Johnson, Ryan McKenzie

5 18/01/2018 56 4.17 131,119 73,125

Baytex Energy Corp. Performance Awards Johnson, Ryan McKenzie

5 18/01/2018 57 4.17 115,662 -15,457

Baytex Energy Corp. Restricted Awards Johnson, Ryan McKenzie

5 18/01/2018 56 4.17 70,605 39,375

Baytex Energy Corp. Restricted Awards Johnson, Ryan McKenzie

5 18/01/2018 57 4.17 62,282 -8,323

Baytex Energy Corp. Common Shares Kalmakoff, Chadwick 5 18/01/2018 57 4.17 67,429 22,278

Baytex Energy Corp. Common Shares Kalmakoff, Chadwick 5 18/01/2018 30 4.12 56,005 -11,424

Baytex Energy Corp. Performance Awards Kalmakoff, Chadwick 5 18/01/2018 56 4.17 122,886 65,000

Baytex Energy Corp. Performance Awards Kalmakoff, Chadwick 5 18/01/2018 57 4.17 108,405 -14,481

Baytex Energy Corp. Restricted Awards Kalmakoff, Chadwick 5 18/01/2018 56 4.17 66,170 35,000

Baytex Energy Corp. Restricted Awards Kalmakoff, Chadwick 5 18/01/2018 57 4.17 58,373 -7,797

Baytex Energy Corp. Common Shares LaFehr, Edward David 5 18/01/2018 57 4.17 198,883 91,668

Baytex Energy Corp. Performance Awards LaFehr, Edward David 5 18/01/2018 56 4.17 680,000 340,000

Baytex Energy Corp. Performance Awards LaFehr, Edward David 5 18/01/2018 57 4.17 606,666 -73,334

Baytex Energy Corp. Restricted Awards LaFehr, Edward David 5 18/01/2018 56 4.17 170,000 85,000

Baytex Energy Corp. Restricted Awards LaFehr, Edward David 5 18/01/2018 57 4.17 151,666 -18,334

Baytex Energy Corp. Performance Awards Lovett, Michael Scott 5 05/09/2017 00

Baytex Energy Corp. Performance Awards Lovett, Michael Scott 5 18/01/2018 56 4.17 62,351 62,351

Baytex Energy Corp. Restricted Awards Lovett, Michael Scott 5 05/09/2017 00

Baytex Energy Corp. Restricted Awards Lovett, Michael Scott 5 18/01/2018 56 4.17 33,573 33,573

Baytex Energy Corp. Common Shares Melchin, Gregory Knowles

4 18/01/2018 57 4.17 77,443 5,667

Baytex Energy Corp. Common Shares Melchin, Gregory Knowles

4 18/01/2018 57 4.17 83,077 5,634

Baytex Energy Corp. Performance Awards Melchin, Gregory Knowles

4 18/01/2018 57 4.17 10,474 -5,628

Baytex Energy Corp. Restricted Awards Melchin, Gregory Knowles

4 18/01/2018 56 4.17 61,077 35,971

Baytex Energy Corp. Restricted Awards Melchin, Gregory Knowles

4 18/01/2018 57 4.17 55,453 -5,624

Baytex Energy Corp. Common Shares Peters, Mary Ellen 4 18/01/2018 57 3.34 50,543 5,667

Baytex Energy Corp. Common Shares Peters, Mary Ellen 4 18/01/2018 57 3.34 56,177 5,634

Baytex Energy Corp. Common Shares Peters, Mary Ellen 4 18/01/2018 30 3.34 51,539 -4,638

Baytex Energy Corp. Performance Awards Peters, Mary Ellen 4 18/01/2018 57 3.34 10,474 -5,628

Baytex Energy Corp. Restricted Awards Peters, Mary Ellen 4 18/01/2018 56 3.34 61,077 35,971

Baytex Energy Corp. Restricted Awards Peters, Mary Ellen 4 18/01/2018 57 3.34 55,453 -5,624

Insider Reporting

January 25, 2018

(2018), 41 OSCB 844


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Baytex Energy Corp. Common Shares Ramsay, Richard 5 18/01/2018 57 4.17 183,905 47,910

Baytex Energy Corp. Common Shares Ramsay, Richard 5 18/01/2018 57 4.17 199,866 15,961

Baytex Energy Corp. Common Shares Ramsay, Richard 5 18/01/2018 30 4.12 168,424 -31,442

Baytex Energy Corp. Performance Awards Ramsay, Richard 5 18/01/2018 56 4.17 394,416 206,250

Baytex Energy Corp. Performance Awards Ramsay, Richard 5 18/01/2018 57 4.17 346,957 -47,459

Baytex Energy Corp. Restricted Awards Ramsay, Richard 5 18/01/2018 56 4.17 131,473 68,750

Baytex Energy Corp. Restricted Awards Ramsay, Richard 5 18/01/2018 57 4.17 115,653 -15,820

Baytex Energy Corp. Common Shares Sawchenko, Gregory Alexander Mykola

5 18/01/2018 57 4.17 90,188 7,867


5 18/01/2018 57 4.17 94,422 4,234


5 18/01/2018 30 4.12 90,699 -3,723

Baytex Energy Corp. Performance Awards Sawchenko, Gregory Alexander Mykola

5 18/01/2018 56 4.17 57,037 28,437

Baytex Energy Corp. Performance Awards Sawchenko, Gregory Alexander Mykola

5 18/01/2018 57 4.17 49,237 -7,800

Baytex Energy Corp. Restricted Awards Sawchenko, Gregory Alexander Mykola

5 18/01/2018 56 4.17 30,713 15,313


5 18/01/2018 57 4.17 -4,234


5 18/01/2018 57 4.17 26,513 -4,200

Baytex Energy Corp. Common Shares Shwed, Dale Orest 4 18/01/2018 57 4.17 133,185 5,667

Baytex Energy Corp. Common Shares Shwed, Dale Orest 4 18/01/2018 57 4.17 138,819 5,634

Baytex Energy Corp. Common Shares Shwed, Dale Orest 4 18/01/2018 30 4.12 134,183 -4,636

Baytex Energy Corp. Performance Awards Shwed, Dale Orest 4 18/01/2018 57 4.17 10,474 -5,628

Baytex Energy Corp. Restricted Awards Shwed, Dale Orest 4 18/01/2018 56 4.17 61,077 35,971

Baytex Energy Corp. Restricted Awards Shwed, Dale Orest 4 18/01/2018 57 4.17 55,453 -5,624

Baytex Energy Corp. Common Shares Zimmerman, Gregory Martin

5 18/01/2018 57 3.34 49,209 22,221

Baytex Energy Corp. Common Shares Zimmerman, Gregory Martin

5 18/01/2018 30 3.34 42,547 -6,662

Baytex Energy Corp. Performance Awards Zimmerman, Gregory Martin

5 18/01/2018 57 3.34 54,167 -16,666

Baytex Energy Corp. Restricted Awards Zimmerman, Gregory Martin

5 18/01/2018 57 3.34 18,057 -5,555

Beaufield Resources Inc.

Common Shares Osisko Mining Inc. 3 15/01/2018 11 0.14 56,120,800 16,923,500


Common Shares Stewart, Ronald W. 4, 5 02/03/2017 00


Common Shares Stewart, Ronald W. 4, 5 02/03/2017 00 1,000,000

Beleave Inc. (formerly Stream Ventures Inc.)

Common Shares Krasic, Bojan 4 11/01/2018 10 3.44 788,109 -73,500






Common Shares Panagiotakopoulos, Vasislios

4 16/01/2018 46 2.95 1,025,278 -2,300



4 17/01/2018 46 2.83 1,020,278 -5,000



4 18/01/2018 46 2.76 1,019,278 -1,000

Belgravia Capital International Inc. (formerly, IC Potash Corp.)

Options angelo, Jr., ernest 4 10/01/2018 50 0.18 2,650,000 750,000


Common Shares Azodi, Mehdi 5 10/01/2018 16 0.05 10,807,940 10,000,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 845


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Options Azodi, Mehdi 5 10/01/2018 50 0.18 4,600,000 2,800,000


Warrants Azodi, Mehdi 5 10/01/2018 16 0.18 10,223,690 10,000,000


Options Lee, Knute H., Jr. 4 10/01/2018 50 0.18 2,250,000 750,000


Common Shares Pettigrew, Pierre Stewart

4 10/01/2018 16 0.05 1,293,750 1,000,000


Options Pettigrew, Pierre Stewart

4 10/01/2018 50 0.18 2,250,000 750,000


Warrants Pettigrew, Pierre Stewart

4 10/01/2018 16 0.18 1,000,000 1,000,000


Common Shares Strong, Kevin Robert Jon

5 10/01/2018 16 0.05 1,049,226 800,000


Options Strong, Kevin Robert Jon

5 10/01/2018 50 0.18 1,450,000 800,000


Warrants Strong, Kevin Robert Jon

5 10/01/2018 16 0.18 895,238 800,000


Common Shares Stubbs, John 4 30/06/2015 00


Common Shares Stubbs, John 4 10/01/2018 16 0.05 360,000 360,000


Options Stubbs, John 4 10/01/2018 50 0.18 3,300,000 1,000,000


Warrants Stubbs, John 4 30/06/2015 00


Warrants Stubbs, John 4 10/01/2018 16 0.18 360,000 360,000

Bengal Energy Ltd. Common Shares Chakrabarty, Chayan 4, 5 19/12/2017 30 0.1121 1,510,304 34,190

Bengal Energy Ltd. Common Shares MacMahon, Gordon R 5 19/12/2017 30 0.1121 160,514 6,243

Bengal Energy Ltd. Common Shares MacMahon, Gordon R 5 19/12/2017 30 0.1121 629,497 20,514

Big Rock Brewery Inc. Options Kohut, Michael G 4 07/12/2017 50 6.5 69,000 69,000

Big Rock Brewery Inc. Rights Share Appreciation Rights (SARs)

Kohut, Michael G 4 07/12/2017 56 6.5 109,800 81,000

BioSyent Inc. Common Shares - Options

D'Souza, Alfred 5 08/01/2018 50 9.6 17,927 4,002

Bird Construction Inc. MTIP (Phantom Shares) Bergman, J. Paul 5 19/01/2018 35 16,735 55

Bird Construction Inc. MTIP (Phantom Shares) Boyd, Ian Jeffrey 4, 5 19/01/2018 35 47,625 156

Bird Construction Inc. Deferred Share Units Brooks, Karyn Anne 4 19/01/2018 35 7,280 24

Bird Construction Inc. MTIP (Phantom Shares) CAZA, Charles Joseph 5 19/01/2018 35 17,630 58

Bird Construction Inc. Deferred Share Units Doyle, Donald Gregory 4 19/01/2018 35 44,719 147

Insider Reporting

January 25, 2018

(2018), 41 OSCB 846


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Bird Construction Inc. Deferred Share Units DuPont, Bonnie Dianne Rose

4 19/01/2018 35 36,792 121

Bird Construction Inc. MTIP (Phantom Shares) GINGRICH, WAYNE RICHARD

5 19/01/2018 35 10,931 37

Bird Construction Inc. MTIP (Phantom Shares) McClure, Kenneth William

5 19/01/2018 35 28,289 93

Bird Construction Inc. Deferred Share Units Messier, Luc Jean-Francois

4 19/01/2018 35 9,234 30

Bird Construction Inc. Deferred Share Units Munkley, Ronald David 4 19/01/2018 35 35,049 116

Bird Construction Inc. MTIP (Phantom Shares) ROYER, GILLES GERALD

5 19/01/2018 35 50,217 165

Bird Construction Inc. Deferred Share Units Thorsteinson, Arni Clayton

4 19/01/2018 35 36,754 121

Black Diamond Group Limited

Common Shares Haynes, Trevor 4, 5 11/01/2018 10 2.5 2,288,775 10,000

Black Diamond Group Limited

Common Shares Klukas, Harry Henry 5 15/01/2018 10 3.12 146,900 4,500

Blackbird Energy Inc. Common Shares Minton, Karen Yvonne 5 19/10/2017 00

Blackbird Energy Inc. Common Shares Minton, Karen Yvonne 5 12/01/2018 10 0.34 32,350 32,350

Blackline Safety Corp. Common Shares Finbow, John Robert 4 17/01/2018 10 4.4 87,980 600

Blackline Safety Corp. Common Shares Finbow, John Robert 4 18/01/2018 10 4.4 100

Blackline Safety Corp. Common Shares Finbow, John Robert 4 18/01/2018 10 4.4 100



Blackline Safety Corp. Common Shares Swanson, Clark 3, 5 08/01/2018 10 4.4006 344,318 -15,000



Blockchain Power Trust (formerly Transeastern Power Trust)

Trust Units Eadie, J. Colter 4, 5 03/02/2014 00


Trust Units Eadie, J. Colter 4, 5 08/01/2018 16 200,000 200,000


Warrants Eadie, J. Colter 4, 5 03/02/2014 00


Warrants Eadie, J. Colter 4, 5 08/01/2018 16 100,000 100,000


Trust Units Huxley, John M.H. 4 08/01/2018 16 0.48 226,108 100,000


Warrants Huxley, John M.H. 4 22/10/2013 00


Warrants Huxley, John M.H. 4 08/01/2018 16 50,000 50,000


Trust Units Singh, Savneet 4 11/12/2017 00


Trust Units Singh, Savneet 4 08/01/2018 16 0.48 60,000 60,000


Warrants Singh, Savneet 4 11/12/2017 00


Warrants Singh, Savneet 4 08/01/2018 16 30,000 30,000


Trust Units Strickland, Joel 4 22/10/2013 00


Trust Units Strickland, Joel 4 08/01/2018 16 0.48 200,000 200,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 847


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Warrants Strickland, Joel 4 22/10/2013 00


Warrants Strickland, Joel 4 08/01/2018 16 100,000 100,000

Bluestone Resources Inc.

Common Shares Paterson, James R. 4 17/01/2018 10 1.15 135,350 3,070

Boardwalk Real Estate Investment Trust

Deferred Units (Convert to TU and/or cash)

Brimmell, Jonathan David

5 31/12/2017 30 44.73 12,192 604



Burns, Patrick Dean 5 31/12/2017 30 44.76 19,303 920



DEWALD, James Richard

4 31/12/2017 30 44.53 8,561 427



GEREMIA, ROBERTO 5 31/12/2017 30 44.75 34,182 1,720



Goodman, Gary Michael

4 31/12/2017 30 44.62 11,213 551



Havener, Jr., Arthur Lee

4 31/12/2017 30 44.42 14,261 743



Mahajan, Kelly Kulwant 5 31/12/2017 30 44.72 9,902 481



Mix, Helen May 5 31/12/2017 30 44.76 12,844 639



Robinson, Brian 5 31/12/2017 30 42.61 1,557 28



Russell, Lisa Maureen 5 31/12/2017 30 44.73 14,256 643



Stephen, Andrea 4 31/12/2017 30 44.43 10,785 549



Wong, William 5 31/12/2017 30 44.74 22,423 1,020

Bonterra Energy Corp. Common Shares Fink, George Frederick 3, 4, 5 17/01/2018 10 14.35 3,241,199 5,000

Bonterra Energy Corp. Common Shares Fink, George Frederick 3, 4, 5 18/01/2018 10 14.1 3,246,199 5,000

Boralex Inc. Unités d'actions différées Lemaire, Patrick 4, 7, 5 02/03/2017 35 37

Boralex Inc. Unités d'actions différées Lemaire, Patrick 4, 7, 5 02/03/2017 35 1,343 38

Boralex Inc. Unités d'actions différées Lemaire, Patrick 4, 7, 5 31/12/2017 56 1,075

Boralex Inc. Unités d'actions différées Lemaire, Patrick 4, 7, 5 31/12/2017 56 6,393 1,076

Boreal Metals Corp. Common Shares EMX Royalty Corporation

3 21/11/2017 00 9,205,883

BRAMPTON BRICK LIMITED

Debentures - Subordinated Secured Debentures

Bratty, Rudolph 4 18/01/2018 38 $0 -$1,000,000



KERBEL, HOWARD C. 4 18/01/2018 38 $0 -$1,000,000



Kerbel, Jeffrey G. 3, 4, 5 18/01/2018 38 $0 -$100,000



Kerbel, Jeffrey G. 3, 4, 5 18/01/2018 38 $0 -$500,000



Kerbel, Jeffrey G. 3, 4, 5 18/01/2018 38 $0 -$500,000



Kerbel, Ruth Lorraine, Estate of

3 18/01/2018 38 $0 -$500,000

Brisio Innovations Inc. Common Shares Andreola, Gianpaolo Fabrisio

4 15/01/2018 16 0.2 2,527,100 1,000,000

Brisio Innovations Inc. Warrants Andreola, Gianpaolo Fabrisio

4 15/01/2018 16 0.3 925,000 500,000

Brisio Innovations Inc. Common Shares Bowkett, Colin B. 4 15/01/2018 16 0.2 1,089,500 180,000

Brisio Innovations Inc. Warrants Bowkett, Colin B. 4 15/01/2018 16 0.3 540,000 90,000

Brisio Innovations Inc. Common Shares Ronka, Kristaps 4 15/01/2018 16 0.2 1,194,775 1,100,000

Brisio Innovations Inc. Warrants Ronka, Kristaps 4 01/12/2017 00

Insider Reporting

January 25, 2018

(2018), 41 OSCB 848


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Brisio Innovations Inc. Warrants Ronka, Kristaps 4 15/01/2018 16 550,000 550,000

Brookfield Asset Management Inc.

Common Shares Class A Limited Voting


1 09/01/2018 38 43.666 37,037 37,037




1 10/01/2018 38 42.584 37,073




1 10/01/2018 38 42.584 37,073




1 10/01/2018 38 42.584 74,110 37,073




1 11/01/2018 38 42.285 107,999 33,889




1 12/01/2018 38 42.644 145,165 37,166




1 16/01/2018 38 42.788 182,331 37,166




1 17/01/2018 38 42.955 219,497 37,166




1 18/01/2018 38 42.998 256,663 37,166




1 18/01/2018 38 0 -256,663

Brookfield Property Partners L.P.

Deferred Units Flatt, J. Bruce 6 31/12/2017 30 118,310 6,017


Deferred Units (Global) Stelzl, Robert L. 7 01/12/2017 36 501


Deferred Units (Global) Stelzl, Robert L. 7 01/12/2017 30 40,186 501


Deferred Units (Global) Taylor, Diana 6 31/12/2017 30 42,942 2,149

BURCON NUTRASCIENCE CORPORATION

Rights (record date: 1/16/2018;expiry:5 pm Toronto time, 2/13/2018)

Chau, Rosanna Mei Wah

4, 6 14/09/2000 00



Chau, Rosanna Mei Wah

4, 6 16/01/2018 56 448,634 448,634



Cheng, Jade 5 01/05/2003 00



Cheng, Jade 5 16/01/2018 56 10,178 10,178



Cheng, Jade 5 01/05/2003 00



Cheng, Jade 5 16/01/2018 56 205,503 205,503



Kappel, Peter Henry 4 28/01/2016 00



Kappel, Peter Henry 4 16/01/2018 56 68,043 68,043















Law, Dorothy Kam To 5 02/05/2003 00

Insider Reporting

January 25, 2018

(2018), 41 OSCB 849


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



Law, Dorothy Kam To 5 16/01/2018 56 278,502 278,502



PT International Development Corporation Limited

3 17/05/2002 00




3 16/01/2018 56 2,112,847 2,112,847




3 17/05/2002 00




3 16/01/2018 56 5,780,408 5,780,408



Schweizer, Martin Hans

5 03/09/2009 00




5 16/01/2018 56 81,674 81,674




5 03/09/2009 00




5 16/01/2018 56 2,459 2,459


Common Shares Tergesen, Johann Franz

4, 5, 2 10/01/2018 10 0.63 171,076 5,000



4, 5, 2 11/01/2018 10 0.61 176,076 5,000



4, 5, 2 11/01/2018 10 0.6 177,576 1,500



4, 5, 2 12/01/2018 10 0.6 181,076 3,500



Tergesen, Johann Franz

4, 5, 2 01/05/2003 00




4, 5, 2 16/01/2018 56 114,832 114,832




4, 5, 2 01/05/2003 00




4, 5, 2 16/01/2018 56 33,171 33,171




4, 5, 2 01/05/2003 00




4, 5, 2 16/01/2018 56 33,171




4, 5, 2 16/01/2018 56 33,171




4, 5, 2 16/01/2018 56 87,953




4, 5, 2 16/01/2018 56 87,953




4, 5, 2 16/01/2018 56 87,953 87,953

Insider Reporting

January 25, 2018

(2018), 41 OSCB 850


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed




4, 5, 2 01/05/2003 00




4, 5, 2 16/01/2018 56 181,076 181,076


Common Shares Tyrrell, David Lorne John

4 12/01/2018 10 0.61 58,722 49,100


Common Shares willardsen, randy 5 16/01/2018 10 0.51 382,008 20,000



willardsen, randy 5 14/12/2001 00



willardsen, randy 5 16/01/2018 56 382,008 382,008



Yap, Allan 4, 5 05/09/2000 00



Yap, Allan 4, 5 16/01/2018 56 1,566,719 1,566,719

Cache Exploration Inc. Common Shares Bal, Jatinder Singh 4 16/01/2018 10 0.08 4,432,500 -201,000




CAE Inc. Common Shares CAE INC. 1 29/12/2017 38 22.05 600,000 600,000

CAE Inc. Common Shares CAE INC. 1 29/12/2017 38 22.05 0 -600,000

Calfrac Well Services Ltd.

Options 2004 Stock Option Plan

Ellingson, Mark Ryan 5 31/12/2016 52 14.015 116,300 -5,600



Gall, Christopher Kenneth

5 31/12/2016 52 14.015 225,000 -30,000



Kuntz, Roderick Pius 5 31/12/2016 52 14.015 239,000 -7,800



Leier, Chad Jeremy 5 31/12/2016 52 14.015 172,500 -5,000



Medvedic, Tom 5 31/12/2016 52 14.015 285,000 -24,000



Mignault, Matthew 5 31/12/2016 52 14.015 65,200 -5,000



Olinek, Michael Dean 5 31/12/2016 52 14.015 215,000 -24,000



Paslawski, Basil Mark 5 31/12/2016 52 14.015 335,000 -40,000



Rokosh, Gary John 5 31/12/2016 52 14.015 160,000 -30,000



Sutherland, Robert 5 31/12/2016 52 14.015 260,000 -40,000

Callidus Capital Corporation

Deferred Share Units (DSUs)

Ashley, Bradley Wayne 4 15/01/2018 56 3,614 736


Common Shares Braslyn Ltd. 3 09/01/2018 10 10.283 7,313,394 2,200











Donath, Tibor 4 15/01/2018 56 8,849 736


Common Shares Lewis, Joseph C. 3 09/01/2018 10 10.283 7,313,394 2,200

Insider Reporting

January 25, 2018

(2018), 41 OSCB 851


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed











sutin, david earl 4 15/01/2018 56 8,849 736

Canacol Energy Ltd. Restricted Share Units Baena, Luis Alfredo 5 16/01/2018 59 0 -50,000

Canacol Energy Ltd. Restricted Share Units Bednar, Jason Michael 5 16/01/2018 59 0 -50,000

Canacol Energy Ltd. Restricted Share Units Carvajal, Diego Alfonso 5 16/01/2018 59 0 -25,000

Canacol Energy Ltd. Restricted Share Units Cisneros Fajardo, Oswaldo Jesus

4 16/01/2018 59 0 -7,500

Canacol Energy Ltd. Restricted Share Units Diaz Salazar, Francisco

4 16/01/2018 59 0 -7,500

Canacol Energy Ltd. Restricted Share Units Elliott, Greg 4 16/01/2018 59 0 -7,500

Canacol Energy Ltd. Restricted Share Units Flick, Kevin James 5 16/01/2018 59 0 -12,500

Canacol Energy Ltd. Restricted Share Units Gamba, Charle 4, 5 16/01/2018 59 0 -75,000

Canacol Energy Ltd. Common Shares Hensman, Stuart Philip 4 16/01/2018 51 3.38 58,750 2,500

Canacol Energy Ltd. Options (Common Shares)

Hensman, Stuart Philip 4 16/01/2018 51 90,550 -2,500

Canacol Energy Ltd. Restricted Share Units Hensman, Stuart Philip 4 16/01/2018 59 7,500

Canacol Energy Ltd. Restricted Share Units Hensman, Stuart Philip 4 16/01/2018 59 7,500

Canacol Energy Ltd. Restricted Share Units Hensman, Stuart Philip 4 16/01/2018 59 0 -7,500

Canacol Energy Ltd. Restricted Share Units Hibberd, Michael John 4 16/01/2018 59 4.71 0 -10,000

Canacol Energy Ltd. Restricted Share Units Sharma, Ravi 5 16/01/2018 59 0 -50,000

Canacol Energy Ltd. Restricted Share Units Sosa Schlageter, Alberto Jose

4 16/01/2018 59 0 -7,500

Canacol Energy Ltd. Restricted Share Units Teare, Mark Reginald 5 16/01/2018 59 0 -50,000

Canacol Energy Ltd. Restricted Share Units Winter, David A 4 16/01/2018 59 0 -7,500

Canacol Energy Ltd. Restricted Share Units Zaidi, Anthony Amar 5 16/01/2018 59 0 -50,000

Canada House Wellness Group Inc. (formerly Abba Medix Group Inc.)

Options Appleby, Matthew Douglas

4 11/10/2017 00

Canada House Wellness Group Inc. (formerly Abba Medix Group Inc.)

Options Appleby, Matthew Douglas

4 22/12/2017 50 500,000 500,000

Canada Jetlines Ltd. Common Shares Common & Variable Voting Shares

Sutherland, John James

4 12/01/2018 54 0.5 173,750 11,250

Canada Jetlines Ltd. Warrants Sutherland, John James

4 12/01/2018 54 -11,250

Canada Jetlines Ltd. Warrants Sutherland, John James

4 12/01/2018 54 0.5 300,000 -11,250

Canadian Metals Inc. Common Shares Boisjoli, Robert 5 26/01/2016 00

Canadian Metals Inc. Common Shares Boisjoli, Robert 5 19/01/2018 16 0.075 140,000 140,000

Canadian Metals Inc. Warrants Boisjoli, Robert 5 26/01/2016 00

Canadian Metals Inc. Warrants Boisjoli, Robert 5 19/01/2018 16 0.15 140,000 140,000

Canadian Metals Inc. Common Shares Gagnon, Michel 4 19/01/2018 16 0.075 682,724 150,000

Canadian Metals Inc. Common Shares Gagnon, Michel 4 19/01/2018 16 0.075 549,865 200,000

Canadian Metals Inc. Common Shares Leblanc, Stéphane 3, 4, 5 19/01/2018 16 0.075 3,250,552 500,000

Canadian Metals Inc. Warrants Leblanc, Stéphane 3, 4, 5 19/01/2018 16 666,666 500,000

Canadian Natural Resources Limited

Common Shares Bieber, Corey B. 5 17/01/2018 30 41.16 35,309 2,795


Options Cassidy, Trevor James 5 19/01/2018 50 45.05 157,720 18,750


Common Shares Edwards, Norman Murray

4, 5 15/01/2018 47 46.41 21,213,494 -60,000



4, 5 15/01/2018 51 28.74 21,263,494 50,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 852


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



4, 5 15/01/2018 10 46.378 21,213,494 -50,000



4, 5 16/01/2018 51 28.74 21,263,494 50,000



4, 5 16/01/2018 10 46.166 21,213,494 -50,000



4, 5 15/01/2018 47 46.41 60,000 60,000


Options Edwards, Norman Murray

4, 5 15/01/2018 51 28.74 2,025,000 -50,000



4, 5 16/01/2018 51 28.74 1,975,000 -50,000



4, 5 19/01/2018 50 45.05 2,200,000 225,000


Options Fichter, Darren 5 19/01/2018 50 45.05 465,000 47,500


Common Shares Laing, Ronald Keith 5 28/03/2014 00


Common Shares Laing, Ronald Keith 5 18/01/2018 10 45.25 2,650 2,650


Common Shares Laing, Ronald Keith 5 12/01/2018 51 28.85 21,339 12,500


Common Shares Laing, Ronald Keith 5 12/01/2018 10 45.93 8,839 -12,500


Options Laing, Ronald Keith 5 12/01/2018 51 28.85 341,000 -12,500


Options Laing, Ronald Keith 5 19/01/2018 50 45.05 388,500 47,500


Options McKay, Timothy Shawn

5 19/01/2018 50 45.05 1,130,000 95,000


Common Shares Mendes, Paul Martin 5 18/01/2018 90 21,000 500


Common Shares Mendes, Paul Martin 5 11/01/2018 10 46.36 866 -2,820


Common Shares Mendes, Paul Martin 5 18/01/2018 90 366 -500

Canadian Tire Corporation, Limited



1 15/01/2018 38 169.74 15,000 15,000




1 15/01/2018 38 0 -15,000




1 16/01/2018 38 170.65 15,000 15,000




1 16/01/2018 38 0 -15,000




1 17/01/2018 38 170.7 10,000 10,000




1 17/01/2018 38 0 -10,000




1 18/01/2018 38 171.35 10,000 10,000




1 18/01/2018 38 0 -10,000




1 19/01/2018 38 172.32 10,000 10,000




1 19/01/2018 38 0 -10,000


Deferred Share Units Fulton, Duncan Stanley Allpress

7, 5 31/12/2017 35 155.06 1,809 28


Deferred Share Units Hicks, Gregory Hubert 5 31/12/2017 35 162.49 293 1


Deferred Share Units MacDonald, Allan Angus

5 31/12/2017 35 155.08 7,578 121


Deferred Share Units McCann, Dean Charles 7, 5 31/12/2017 35 155.1 2,101 35


Deferred Share Units Wetmore, Stephen Gerald

4, 5 31/12/2017 35 155.09 53,744 842

Insider Reporting

January 25, 2018

(2018), 41 OSCB 853


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Deferred Share Units Wickramasinghe, Mahes S

5 31/12/2017 35 154.94 1,637 20

Canadian Utilities Limited


Bichsel, Matthias F. 4 31/12/2017 30 39.43 8,316 2,228



Charlton, Loraine M. 4 31/12/2017 30 39.05 23,516 994



Francis, Robert, B 4 31/12/2017 30 39.32 17,101 2,441



Normand, Robert John 4 31/12/2017 30 39.17 20,053 1,528



Rangel, Hector A. 4 31/12/2017 30 39.43 8,420 2,230



Reed, Laura A. 4 31/12/2017 30 39.42 4,856 1,095



Routs, Robert John 4 31/12/2017 30 39.41 9,255 1,601



SIMPSON, JAMES W. 4 31/12/2017 30 39.01 21,274 1,080



Southern-Heathcott, Linda A.

4 31/12/2017 30 38.72 264 260



WILSON, Charles W. 4 31/12/2017 30 40.2 81,036 967

Canadian Western Bank Common Shares Blackett, Kelly St. Clair 5 16/01/2018 10 39.77 2,872 -500

Canadian Western Bank Common Shares Blackett, Kelly St. Clair 5 16/01/2018 51 37.502 3,089 217

Canadian Western Bank Options Blackett, Kelly St. Clair 5 16/01/2018 51 37.502 68,292 -4,000

Canadian Western Bank Common Shares Bowling, James Jeffrey 5 18/01/2018 10 40.25 597 -1,000

Canadian Western Bank Common Shares Bowling, James Jeffrey 5 18/01/2018 51 40.3 745 148

Canadian Western Bank Options Bowling, James Jeffrey 5 18/01/2018 51 40.3 24,013 -2,137

Canadian Western Bank Common Shares Furlan, Mario Vittorio 5 13/12/2017 10 37.684 19,781 -1,596



Canadian Western Bank Common Shares Harding, Gail Linda 5 19/01/2018 10 40.5 68,613 -2,000

Canadian Western Bank Common Shares Stephen, Allen David 5 17/01/2018 10 40 10,063 -1,000

Canadian Western Bank Common Shares Stephen, Allen David 5 19/01/2018 10 40.52 8,613 -1,450

Cannabis Wheaton Income Corp.

Common Shares Nesta Holding Co. Ltd. 3 11/01/2018 54 0.023 18,231,276 18,115,638

Cannabis Wheaton Income Corp.

Warrants Nesta Holding Co. Ltd. 3 11/01/2018 54 0 -18,115,638

CanniMed Therapeutics Inc.

Common Shares Banzet, Douglas 6 15/01/2018 11 0 -12,532

CanniMed Therapeutics Inc.

Common Shares GOLDEN OPPORTUNITIES FUND INC.

3 15/01/2018 11 4,020,292 12,532

CannTrust Holdings Inc. Common Shares Dan, Aubrey 4 15/01/2018 10 10.34 95,357 173

Canoe EIT Income Fund Trust Units Canoe EIT Income Fund

1 15/01/2018 38 12,498,233 -629,115

Canso Select Opportunities Fund

Units Class A Canso Select Opportunities Fund

1 11/01/2018 38 10.667 7,500 7,500

Canso Select Opportunities Fund

Units Class A Canso Select Opportunities Fund

1 11/01/2018 38 10.667 0 -7,500

Capha Pharmaceuticals Inc. (Formerly FPS PHARMA INC.)

Common Shares Brown, Janice 5 17/01/2018 97 0.05 51,500,000 10,000,000

Capital Power Corporation

Common Shares Gardiner, Jill Veronica 4 12/01/2018 10 23.45 5,805 380





Cardero Resource Corp. Options Bailey, Blaine 5 12/01/2018 50 0.16 250,000 225,000

Cardero Resource Corp. Options HENDERSON, KEITH J.

4 12/01/2018 50 0.16 525,000 260,000

Cardero Resource Corp. Common Shares Kopple, Robert Charles 3 29/12/2017 11 0.1 19,435,109 175,000

Cardero Resource Corp. Options Kopple, Robert Charles 3 21/12/2017 51 0.1 175,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 854


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Cardero Resource Corp. Options Kopple, Robert Charles 3 21/12/2017 51 0.1 175,000

Cardero Resource Corp. Options Kopple, Robert Charles 3 21/12/2017 51 0.1 -175,000

Cardero Resource Corp. Options Kopple, Robert Charles 3 21/12/2017 51 0.1 -175,000

Cardero Resource Corp. Options Kopple, Robert Charles 3 12/01/2018 11 0.16 800,000 300,000

Cardero Resource Corp. Options MALHOTRA, DEEPAK 4 12/01/2018 50 0.16 600,000 200,000

Cardero Resource Corp. Options VAN ALPHEN, HENDRIK

4 12/01/2018 50 0.16 525,000 300,000

Cardinal Energy Ltd. Common Shares Brussa, John Albert 4 11/01/2018 57 1,118,707 3,377

Cardinal Energy Ltd. Common Shares Brussa, John Albert 4 11/01/2018 10 5.05 1,117,348 -1,359

Cardinal Energy Ltd. Restricted Bonus Awards Brussa, John Albert 4 11/01/2018 57 16,167 -3,175

Cardinal Energy Ltd. Common Shares Ratushny, M. Scott 4, 5 11/01/2018 57 1,273,805 40,519

Cardinal Energy Ltd. Common Shares Ratushny, M. Scott 4, 5 11/01/2018 10 5.05 1,254,761 -19,044

Cardinal Energy Ltd. Restricted Bonus Awards Ratushny, M. Scott 4, 5 11/01/2018 57 287,822 -3,175

Cardinal Energy Ltd. Restricted Bonus Awards Ratushny, M. Scott 4, 5 11/01/2018 57 252,902 -34,920

Cardinal Energy Ltd. Common Shares Van Spankeren, Shawn Arie

5 15/01/2018 00

Cardinal Energy Ltd. Common Shares Van Spankeren, Shawn Arie

5 17/01/2018 10 4.834 20,000 20,000

Cardinal Energy Ltd. Restricted Bonus Awards Van Spankeren, Shawn Arie

5 15/01/2018 00

Cardinal Energy Ltd. Restricted Bonus Awards Van Spankeren, Shawn Arie

5 15/01/2018 56 175,000 175,000

Cardinal Resources Limited

Common Shares Shipway, Sarah 5 21/12/2017 46 0.5 175,000 100,000


Options (Unlisted) Weyrauch, Derrick Horst

5 10/07/2017 00


Options (Unlisted) Weyrauch, Derrick Horst

5 21/12/2017 50 2,879,000 2,879,000

Carl Data Solutions Inc. Common Shares BDirect Online Communications Inc

4, 5 11/12/2017 56 2,386,255


4, 5 11/12/2017 56 2,386,255


4, 5 17/01/2018 10 0.295 2,913,954 -25,000


4, 5 18/01/2018 10 0.288 2,782,954 -131,000

Carl Data Solutions Inc. Rights BDirect Online Communications Inc

4, 5 01/01/2015 00

Carl Data Solutions Inc. Rights BDirect Online Communications Inc

4, 5 01/01/2015 00

Carl Data Solutions Inc. Common Shares Johnston, David Gregory

4 11/12/2017 56 1,158,333 158,333


4 10/01/2018 51 0.26 1,316,666 158,333


4 17/01/2018 10 0.29 1,286,666 -30,000

Carrie Arran Resources Inc.

Warrants Series A McBride, John David 4 11/01/2018 16 200,000


Warrants Series A McBride, John David 4 11/01/2018 16 400,000 400,000


Warrants Series A Pladsen, Thomas John 4 11/01/2018 16 200,000


Warrants Series A Pladsen, Thomas John 4 11/01/2018 16 400,000 400,000

Cascadero Copper Corporation

Common Shares HARDER, JUDITH LORRAINE BAILLIE

5 16/01/2018 10 0.1 4,065,870 200,000



5 19/01/2018 10 0.145 4,080,870 15,000



5 08/01/2018 10 0.08 204,000 42,000


Options HARDER, JUDITH LORRAINE BAILLIE

5 08/01/2018 50 0.15 1,000,000 1,000,000


Warrants HARDER, JUDITH LORRAINE BAILLIE

5 05/05/2011 00

Insider Reporting

January 25, 2018

(2018), 41 OSCB 855


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Warrants HARDER, JUDITH LORRAINE BAILLIE

5 03/10/2017 53 0.08 1,875,000 1,875,000


Common Shares McCabe, Tom 4 09/01/2018 51 0.05 1,718,500 1,500,000


Options McCabe, Tom 4 08/01/2018 50 0.15 2,500,000 1,000,000


Options McCabe, Tom 4 09/01/2018 51 0.05 1,000,000 -1,500,000


Common Shares McWilliam, William James

4, 5 15/01/2018 10 0.09 4,897,479 546,000


Options McWilliam, William James

4, 5 08/01/2018 50 0.15 2,650,000 2,000,000


Warrants McWilliam, William James

4, 5 03/10/2017 53 0.08 1,875,000 1,875,000


Warrants McWilliam, William James

4, 5 13/10/2017 53 0.08 1,875,000

Cascades Inc. Unités d'actions différées / Deffered Share Units

CORMIER, MICHELLE ANN

4 15/01/2018 56 7,257 5,140



4 15/01/2018 35 7,342 85


Couture, Martin 4 15/01/2018 56 10,759 7,232


Couture, Martin 4 15/01/2018 35 10,885 126


Garneau, Louis 4 15/01/2018 56 54,088 2,570


Garneau, Louis 4 15/01/2018 35 54,723 635


Kobrynsky, Georges 4 15/01/2018 56 31,577 4,644


Kobrynsky, Georges 4 15/01/2018 35 31,948 371


Lemaire, Patrick 4, 6 15/01/2018 56 4,035 2,570


Lemaire, Patrick 4, 6 15/01/2018 35 4,082 47


Lemaire, Sylvie 4 15/01/2018 56 51,158 2,570


Lemaire, Sylvie 4 15/01/2018 35 51,759 601


McAusland, David L. 4 15/01/2018 56 67,578 5,140


McAusland, David L. 4 15/01/2018 35 68,372 794


Pelletier, Élise 4 15/01/2018 56 19,602 2,570


Pelletier, Élise 4 15/01/2018 35 19,832 230


Sellyn, Laurence G. 4 15/01/2018 56 27,576 5,140


Sellyn, Laurence G. 4 15/01/2018 35 27,900 324


Vachon, Sylvie 4 15/01/2018 56 14,838 3,616


Vachon, Sylvie 4 15/01/2018 35 15,012 174

Castle Silver Resources Inc.

Options MONETTE, JACQUES F.

4 05/12/2017 50 0.3 400,000 200,000

CCL Industries Inc. Rights Restricted Share Units

Birkner, Gunther Johann

7 05/06/2017 37 31,250 25,000


Rubino, Sebastian 7 05/06/2017 37 31,250 25,000


Vaidyanathan, Lalitha 5 05/06/2017 37 31,250 25,000


Washchuk, Sean 5 05/06/2017 37 31,250 25,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 856


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Ceno Energy Ltd. (formerly Sundance Energy Corporation)

Common Shares Chen, Fang 4 19/06/2014 00

Ceno Energy Ltd. (formerly Sundance Energy Corporation)

Common Shares Chen, Fang 4 19/06/2014 00 1,727,474

Cenovus Energy Inc. Common Shares Dabarno, Susan Fay 4 06/11/2017 10 14.26 6,500

Cenovus Energy Inc. Common Shares Dabarno, Susan Fay 4 26/04/2017 00

Cenovus Energy Inc. Common Shares Dabarno, Susan Fay 4 06/11/2017 10 14.26 6,500 6,500

Centerra Gold Inc. Performance Share Units Desjardins, Daniel Richard

7 31/12/2017 59 -11,456

Centerra Gold Inc. Performance Share Units Desjardins, Daniel Richard

7 31/12/2017 59 55,987 -18,706

Centerra Gold Inc. Performance Share Units Kwong, Dennis 5 31/12/2017 59 -25,083

Centerra Gold Inc. Performance Share Units Kwong, Dennis 5 31/12/2017 59 120,895 -41,180

Centerra Gold Inc. Performance Share Units Millman, Darren 5 31/12/2017 59 -8,812

Centerra Gold Inc. Performance Share Units Millman, Darren 5 31/12/2017 59 134,440 -28,506

Centerra Gold Inc. Performance Share Units Pearson, John William 5 31/12/2017 59 -8,457

Centerra Gold Inc. Performance Share Units Pearson, John William 5 31/12/2017 59 32,569 -16,169

Centerra Gold Inc. Performance Share Units Perry, Scott Graeme 5 31/12/2017 59 -22,150

Centerra Gold Inc. Performance Share Units Perry, Scott Graeme 5 31/12/2017 59 308,682 -63,020

Centerra Gold Inc. Performance Share Units Reid, Gordon Dunlop 7 31/12/2017 59 -36,608

Centerra Gold Inc. Performance Share Units Reid, Gordon Dunlop 7 31/12/2017 59 163,852 -58,112

Centerra Gold Inc. Performance Share Units Wilson, Mark 4, 5 31/12/2017 59 -5,502

Centerra Gold Inc. Performance Share Units Wilson, Mark 4, 5 31/12/2017 59 3,191 -26,446

CES Energy Solutions Corp.

Common Shares Ahrens, Burton Joel 4 12/01/2018 10 6.684 65,519 -5,000


Common Shares Cosby, Stella 4 11/01/2018 46 6.3987 969 745


Common Shares Hooks, John Michael 4 11/01/2018 46 6.3987 1,656,740 932

CGI Group Inc. Options MCGEEHAN, TARA 5 12/01/2018 00 112,086

CGI Group Inc. Subordinate Voting Shares Classe A

MCGEEHAN, TARA 5 12/01/2018 00 1,135

CHAR Technologies Ltd. (formerly Cleantech Capital Inc.)

Common Shares Anderson, Ian 4 15/01/2018 51 0.1 943,809 200,000


Options Anderson, Ian 4 15/01/2018 51 0.1 75,000 -200,000


Options Anderson, Ian 4 18/01/2018 50 150,000 75,000


Common Shares Beutel, Eric Marshall 4, 5 15/01/2018 51 0.16 1,345,272 100,000


Options Beutel, Eric Marshall 4, 5 15/01/2018 51 0.16 75,000 -100,000


Options Beutel, Eric Marshall 4, 5 18/01/2018 50 150,000 75,000


Common Shares Clarke, Lyle Frank 4 15/01/2018 51 0.1 523,809 200,000


Options Clarke, Lyle Frank 4 15/01/2018 51 75,000 -200,000


Options Clarke, Lyle Frank 4 18/01/2018 50 150,000 75,000


Options Davis, Cindy Christina 5 18/01/2018 50 40,000 20,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 857


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Common Shares Macri, Enzo 4 15/01/2018 51 0.16 964,026 100,000


Options Macri, Enzo 4 15/01/2018 51 0.16 75,000 -100,000


Options Macri, Enzo 4 18/01/2018 50 150,000 75,000


Options Nicholson, John 5 18/01/2018 50 300,000 50,000


Common Shares Sbrolla, James 3, 4 15/01/2018 51 0.1 5,346,606 400,000


Options Sbrolla, James 3, 4 15/01/2018 51 0.1 75,000 -400,000


Options Sbrolla, James 3, 4 18/01/2018 50 150,000 75,000


Options White, Andrew James 3, 5 18/01/2018 56 100,000


Options White, Andrew James 3, 5 18/01/2018 50 500,000 100,000


Common Shares White, William 4, 5 15/01/2018 51 0.1 581,780 200,000


Options White, William 4, 5 15/01/2018 51 0.1 75,000 -200,000


Options White, William 4, 5 18/01/2018 50 150,000 75,000

CIBT Education Group Inc.

Common Shares Capital Alliance Group Inc.

1 11/01/2018 10 0.7 689,600 13,500

Cielo Waste Solutions Corp.

Options Sept 19, 2011 Allan, Clayton Donald 4, 5 27/03/2013 00


Options Sept 19, 2011 Allan, Clayton Donald 4, 5 12/01/2018 50 2,250,000 2,250,000


Restricted Share Units Allan, Clayton Donald 4, 5 27/03/2013 00


Restricted Share Units Allan, Clayton Donald 4, 5 12/01/2018 56 3,000,000


Restricted Share Units Allan, Clayton Donald 4, 5 12/01/2018 56 3,000,000 3,000,000


Options Sept 19, 2011 Angeltvedt, Melvin Ross

4 12/01/2018 50 750,000 250,000


Options Sept 19, 2011 Dovbniak, Chris 4 12/01/2018 50 750,000 250,000


Options Sept 19, 2011 MacKenzie, Doug 4 12/01/2018 50 750,000 250,000


Options Sept 19, 2011 McCormick, Stuart 5 05/06/2017 00


Options Sept 19, 2011 McCormick, Stuart 5 12/01/2018 50 20,000 20,000


Options Sept 19, 2011 Ray, Christopher Robin 4, 5 11/07/2013 00


Options Sept 19, 2011 Ray, Christopher Robin 4, 5 07/11/2016 50 500,000 500,000


Options Sept 19, 2011 Ray, Christopher Robin 4, 5 12/01/2018 50 750,000 250,000


Options Sept 19, 2011 Wyzykoski, Shannon 5 26/10/2016 00


Options Sept 19, 2011 Wyzykoski, Shannon 5 12/01/2018 50 100,000 100,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 858


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Common Shares Class A YEUNG, MICHAEL 5 09/01/2018 00 1,000,000


Options Sept 19, 2011 YEUNG, MICHAEL 5 09/01/2018 00


Options Sept 19, 2011 YEUNG, MICHAEL 5 12/01/2018 50 1,000,000 1,000,000


Restricted Share Units YEUNG, MICHAEL 5 09/01/2018 00


Restricted Share Units YEUNG, MICHAEL 5 12/01/2018 56 1,500,000 1,500,000


Warrants YEUNG, MICHAEL 5 09/01/2018 00 500,000

Cipher Pharmaceuticals Inc.

Common Shares Beaudet, Mark 4 15/01/2018 30 3.7 59,513 1,350


Common Shares Godin, Christian 4 15/01/2018 30 3.7 5,168 229


Common Shares Lemieux, Stephen 5 15/01/2018 30 3.7 5,801 326


Common Shares Wolkin, Harold Morton 4 15/01/2018 30 3.7 113,706 975

Clairvest Group Inc. Common Shares Barnett, John Robert 4 11/01/2018 10 45.05 225,900 500

Clairvest Group Inc. Common Shares Barnett, John Robert 4 12/01/2018 10 45.03 226,900 1,000



Clean Seed Capital Group Ltd.

Options Brassard, Steven 5 04/01/2018 50 271,000 25,000

Clean Seed Capital Group Ltd.

Options Mufford, William Edward

5 15/12/2017 50 250,000 150,000

Cloud Nine Education Group Ltd.

Common Shares Lee, Peter 5 15/01/2018 10 0.085 647,000 -53,000

CO2 Solutions Inc. Options Fradette, Louis 5 17/01/2018 52 680,000 -200,000

Cobalt 27 Capital Corp. Options Cochrane, Justin 5 10/01/2018 97 452,500 60,000

Cobalt 27 Capital Corp. Options Cochrane, Justin 5 11/01/2018 50 11.8 522,500 70,000

Cobalt 27 Capital Corp. Options French, Nicholas 4 11/01/2018 50 11.8 107,500 50,000

Cobalt 27 Capital Corp. Options French, Nicholas 4 11/01/2018 97 122,500 15,000

Cobalt 27 Capital Corp. Options Milewski, Anthony 4, 5 11/01/2018 50 11.8 633,000 100,000

Cobalt 27 Capital Corp. Options Milewski, Anthony 4, 5 11/01/2018 97 733,000 100,000

Cogeco Communications Inc.

Subordinate Voting Shares actions subalternes à droit de vote

ALVES, ELIZABETH 5 15/01/2018 10 81.91 343 -1


Unité d'action différée/Deferred Share Unit

Bell, Mary-Ann 4 12/01/2016 00



Bell, Mary-Ann 4 11/01/2018 56 87.46 727 727



Curadeau-Grou, Patricia

4 11/01/2018 56 87.46 10,127 1,373



Ferstman, Joanne Shari

4 11/01/2018 56 87.46 4,454 1,544



Legault, Normand 7 11/01/2018 56 87.46 2,858 1,373



McAusland, David L. 4 11/01/2018 56 87.46 10,247 858



Peeters, Jan E. 4 11/01/2018 56 87.46 11,770 787

Cogeco Inc Unité d'action différée/Deferred Share unit

Bell, Mary-Ann 4 11/01/2018 56 90.19 -705

Insider Reporting

January 25, 2018

(2018), 41 OSCB 859


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Bell, Mary-Ann 4 11/01/2018 56 90.19 4,209 705


Cherry, James Charles 4 11/01/2018 56 90.19 4,953 1,497

Cogeco Inc Incentive Units/Unités incitatives

Guimond, René 5 13/01/2018 56 60.22 -400

Cogeco Inc Incentive Units/Unités incitatives

Guimond, René 5 13/01/2018 57 60.22 1,625 -400

Cogeco Inc Subordinate Voting Shares actions subalternes à droit de vote

Guimond, René 5 13/01/2018 57 80.13 3,515 180


McAusland, David L. 4 11/01/2018 56 90.19 10,693 832


Peeters, Jan E. 4 11/01/2018 56 90.19 13,390 763

Colabor Group Inc. Common Shares Groupe Colabor Inc. 1 12/01/2018 11 954,500 934,900

Colabor Group Inc. Common Shares Groupe Colabor Inc. 1 12/01/2018 38 19,600 -934,900

Columbus Gold Corp. Common Shares Giustra, Robert 4, 5 16/01/2018 90 1,224,464 -30,970

Columbus Gold Corp. Common Shares Giustra, Robert 4, 5 16/01/2018 90 1,202,629 -21,835

Columbus Gold Corp. Common Shares Giustra, Robert 4, 5 16/01/2018 90 34,110 21,835

Columbus Gold Corp. Common Shares Giustra, Robert 4, 5 16/01/2018 90 482,370 30,970

Columbus Gold Corp. Common Shares Lefrançois, Rock 5 18/01/2018 10 0.8306 377,167 -52,000

Columbus Gold Corp. Common Shares Lefrançois, Rock 5 19/01/2018 10 0.8233 360,667 -16,500

Commerce Resources Corp.

Common Shares Hodge, David 4, 5 15/01/2018 10 0.08 100,000 100,000

Concordia International Corp. (formerly Concordia Healthcare Corp.)

Common Shares Ahmad, Adeel 7 17/01/2018 57 814 210

Concordia International Corp. (formerly Concordia Healthcare Corp.)

Units Restricted Share Units

Ahmad, Adeel 7 17/01/2018 57 49,534 -210

Constellation Software Inc.

Common Shares Anzarouth, Bernard 5 10/01/2018 30 733.1 2,701 5


Common Shares Cunningham, Lawrence

4 03/08/2017 00 400


Common Shares Cunningham, Lawrence

4 16/01/2018 10 618 500 100

Continental Gold Inc. Common Shares Begin, Paul Philemon 5 16/01/2018 57 82,520 16,528

Continental Gold Inc. Options Begin, Paul Philemon 5 15/01/2018 50 3.96 840,000 145,000

Continental Gold Inc. Rights Restricted Share Unit Plan

Begin, Paul Philemon 5 15/01/2018 56 66,528 66,528


Begin, Paul Philemon 5 16/01/2018 57 50,000 -16,528

Continental Gold Inc. Options Carrizosa, Martin Jose 4 15/01/2018 50 3.96 285,000 50,000

Continental Gold Inc. Rights Deferred Share Unit Plan

Carrizosa, Martin Jose 4 19/04/2016 00


Carrizosa, Martin Jose 4 15/01/2018 56 10,000 10,000

Continental Gold Inc. Options Castaneda, Mauricio 5 15/01/2018 50 3.96 285,000 40,000

Continental Gold Inc. Options Frelih, Glynnis Arlene 5 15/01/2018 50 3.96 175,000 40,000

Continental Gold Inc. Options Gonzalez Gonzalez, Julian Bernardo

5 15/01/2018 50 3.96 280,000 40,000

Continental Gold Inc. Options Graham, Jon William 5 15/01/2018 50 3.96 140,000 40,000

Continental Gold Inc. Common Shares Gray, Don 5 16/01/2018 57 95,008 17,905

Continental Gold Inc. Options Gray, Don 5 15/01/2018 50 3.96 670,000 120,000


Gray, Don 5 15/01/2018 56 67,905 67,905

Insider Reporting

January 25, 2018

(2018), 41 OSCB 860


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Gray, Don 5 16/01/2018 57 50,000 -17,905

Continental Gold Inc. Options Jimenez Jaramillo, Claudia

4 15/01/2018 50 3.96 550,000 50,000


Jimenez Jaramillo, Claudia

4 10/06/2015 00


Jimenez Jaramillo, Claudia

4 15/01/2018 56 10,000 10,000

Continental Gold Inc. Options Martinez Acosta, Isabel 5 15/01/2018 50 3.96 218,367 40,000

Continental Gold Inc. Options Murphy, Paul 4 15/01/2018 50 3.96 265,000 50,000


Murphy, Paul 4 10/06/2015 00


Murphy, Paul 4 15/01/2018 56 10,000 10,000

Continental Gold Inc. Options ossma gomez, omar david

5 15/01/2018 50 3.96 130,000 40,000

Continental Gold Inc. Common Shares RESTREPO, MATEO 5 16/01/2018 57 32,799 17,905

Continental Gold Inc. Options RESTREPO, MATEO 5 15/01/2018 50 3.96 690,000 120,000


RESTREPO, MATEO 5 15/01/2018 56 17,905 17,905


RESTREPO, MATEO 5 15/01/2018 56 67,905 50,000


RESTREPO, MATEO 5 16/01/2018 57 50,000 -17,905

Continental Gold Inc. Options Salgado Vergara, Guillermo Rafael

5 15/01/2018 50 3.96 230,000 40,000

Continental Gold Inc. Options Sattler, Christopher Joseph

4 15/01/2018 50 3.96 108,000 50,000


Sattler, Christopher Joseph

4 08/02/2017 00


Sattler, Christopher Joseph

4 15/01/2018 56 10,000 10,000

Continental Gold Inc. Options SCOTT, CHEREE 5 15/01/2018 50 3.96 165,000 30,000

Continental Gold Inc. Common Shares Sussman, Ari B 4, 5 16/01/2018 57 1,630,480 29,383

Continental Gold Inc. Options Sussman, Ari B 4, 5 15/01/2018 50 3.96 1,453,637 320,000


Sussman, Ari B 4, 5 15/01/2018 56 129,383 129,383


Sussman, Ari B 4, 5 16/01/2018 57 100,000 -29,383

Continental Gold Inc. Options Teicher, Leon 4, 5 15/01/2018 50 3.96 1,200,000 50,000


Teicher, Leon 4, 5 10/06/2015 00


Teicher, Leon 4, 5 15/01/2018 56 15,000 15,000

Continental Gold Inc. Options Thomas, Kenneth Glyndwr

4 15/01/2018 50 3.96 315,000 50,000


Thomas, Kenneth Glyndwr

4 10/06/2015 00


Thomas, Kenneth Glyndwr

4 15/01/2018 56 15,000 15,000

Continental Gold Inc. Options Warman, Timothy Andrew

4 15/01/2018 50 3.96 290,000 50,000


Warman, Timothy Andrew

4 10/06/2015 00


Warman, Timothy Andrew

4 15/01/2018 56 10,000 10,000

COPPER REEF MINING CORPORATION

Options Bates, Warren Ross 4 11/03/2017 00


Options Bates, Warren Ross 4 01/08/2017 50 0.05 1,000,000


Options Bates, Warren Ross 4 01/08/2017 50 0.05 1,000,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 861


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Options Bates, Warren Ross 4 18/01/2018 50 0.05 1,000,000 1,000,000

CORAL GOLD RESOURCES LTD.

Common Shares Andrews, Ronald D. 4 18/01/2018 10 0.327 497,500 5,000

Corus Entertainment Inc.

Non-Voting Shares Class B

James, Barry Lee 4 17/01/2018 10 8.31 16,555 3,500

CounterPath Corporation

Common Shares Carothers, Todd 5 16/01/2018 30 7.17 10,864 24


Common Shares Carothers, Todd 5 16/01/2018 30 4.0548 10,886 22


Common Shares Jones, Donovan 4, 5 16/01/2018 30 8.9715 84,041 33


Common Shares Jones, Donovan 4, 5 16/01/2018 30 5.0642 84,071 30


Common Shares Karp, David Lawrence 5 16/01/2018 30 8.9715 26,625 34


Common Shares Karp, David Lawrence 5 16/01/2018 30 5.0642 26,655 30

Crombie Real Estate Investment Trust

Trust Units Special Voting Empire Company Limited

3 15/01/2018 30 13.059 61,706,893 59,940

Cronos Group Inc. Common Shares Krestell, Michael Howard

4 16/01/2018 54 0.08 830,572 441,006

Cronos Group Inc. Warrants Krestell, Michael Howard

4 16/01/2018 54 0.08 120,251 -441,006

Crosswinds Holdings Inc. (formerly C.A. Bancorp Inc.)

Common Shares Crosswinds Holdings Inc. (formerly C.A. Bancorp Inc.)

1 16/01/2018 38 1.7 200 200



1 16/01/2018 38 1.7 0 -200



1 18/01/2018 38 1.74 2,000 2,000



1 18/01/2018 38 1.74 0 -2,000

Crown Capital Partners Inc.

Rights Performance Share Units

Hughes, Brent Gerald 5 17/01/2018 56 17,714 9,090


Rights Restricted Share Units

Hughes, Brent Gerald 5 17/01/2018 56 76,256 4,545



Johnson, Christopher Allen

4, 5 17/01/2018 56 18,181




4, 5 17/01/2018 56 18,181




4, 5 17/01/2018 56 9,090




4, 5 17/01/2018 56 9,090



Oldfield, Timothy James

5 17/01/2018 56 17,714 9,090



Oldfield, Timothy James

5 17/01/2018 56 13,167 4,545


Common Shares Overvelde, Michael John

5 17/01/2018 56 49,337 1,718



Overvelde, Michael John

5 17/01/2018 56 16,487 16,487




5 17/01/2018 57 12,789 -3,698




5 17/01/2018 56 8,243 8,243


Common Shares Rowe, Alan Macdonald 4 12/01/2018 57 61,888 978


Common Shares Rowe, Alan Macdonald 4 12/01/2018 57 62,929 1,041



Rowe, Alan Macdonald 4 31/12/2017 56 5,543 22

Insider Reporting

January 25, 2018

(2018), 41 OSCB 862


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed





















Rowe, Alan Macdonald 4 12/01/2018 57 4,780 -978



Rowe, Alan Macdonald 4 12/01/2018 46 5,821 1,041



Rowe, Alan Macdonald 4 12/01/2018 57 4,780 -1,041

Crystal Peak Minerals Inc.

Common Shares Voting Basse, Daniel William 4 15/01/2018 57 0.45 515,293 303,090


Rights Restricted Stock Units

Basse, Daniel William 4 15/01/2018 57 606,179 -303,090


Common Shares Voting Bloomquist, De Lyle Wade

4 12/10/2011 00


Common Shares Voting Bloomquist, De Lyle Wade

4 15/01/2018 57 0.45 337,123 337,123



Bloomquist, De Lyle Wade

4 15/01/2018 57 674,246 -337,123


Common Shares Voting Botts, Theodore P. 4 15/01/2018 57 0.45 1,798,445 343,848



Botts, Theodore P. 4 15/01/2018 57 687,665 -343,848


Common Shares Voting Mulhall, John 4 18/08/2016 00


Common Shares Voting Mulhall, John 4 15/01/2018 57 0.45 40,000 40,000



Mulhall, John 4 15/01/2018 57 80,000 -40,000


Common Shares Voting Pladsen, Thomas John 4 15/01/2018 57 0.45 336,486 336,486



Pladsen, Thomas John 4 15/01/2018 57 672,972 -336,486

CT Real Estate Investment Trust

Performance Units Forbes, Louis Marie 5 31/12/2017 35 14.38 57,046 673


Restricted Units Forbes, Louis Marie 5 31/12/2017 35 14.588 14,510 678


Performance Units Salsberg, Kevin Mark 5 31/12/2017 35 14.38 11,365 407


Restricted Units Salsberg, Kevin Mark 5 31/12/2017 35 14.588 7,000 327


Performance Units Silver, Kenneth 4, 5 31/12/2017 35 14.38 126,914 1,478


Restricted Units Silver, Kenneth 4, 5 31/12/2017 35 14.505 42,225 1,729

CWC Energy Services Corp.

Common Shares Au, Duncan Tak-Yan 4, 5 17/01/2018 51 0.185 4,761,000 500,000


Options Au, Duncan Tak-Yan 4, 5 17/01/2018 51 0.11 4,284,000 -500,000


Common Shares Brookfield Business Partners L.P.

3 11/12/2017 57 27,948,616


Common Shares Brookfield Business Partners L.P.

3 11/12/2017 57 121,430,655 27,929,252


Common Shares Donohue, Paul Francis 5 16/01/2018 10 0.19 215,000 -218,168

D-Box Technologies Inc. Common Shares Class A Halde, Jean-Rene 4 15/01/2018 00 250,000

D-Box Technologies Inc. Options Halde, Jean-Rene 4 15/01/2018 00

Insider Reporting

January 25, 2018

(2018), 41 OSCB 863


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

D-Box Technologies Inc. Options Halde, Jean-Rene 4 15/01/2018 50 80,000

D-Box Technologies Inc. Options Halde, Jean-Rene 4 15/01/2018 50 80,000 80,000

Deveron UAS Corp. Common Shares Greencastle Resources Ltd.

3 16/01/2018 10 0.31 10,329,005 8,500

DHX Media Ltd. Common Shares Abriel, Keith Benjamim 5 31/12/2017 30 4.68 6,888 2,920

Divestco Inc. Common Shares Class A Popadynetz, Stephen 5 15/01/2018 11 0.065 2,348,700 1,400,000

Divestco Inc. Common Shares Class A Popadynetz, Stephen 5 15/01/2018 11 0.065 5,691,772 -900,000

Divestco Inc. Common Shares Class A Popadynetz, Stephen 5 15/01/2018 11 0.065 4,291,772 -1,400,000

Divestco Inc. Common Shares Class A Popadynetz, Stephen 5 15/01/2018 11 0.065 1,700,000 900,000

Dolly Varden Silver Corporation

Common Shares Zicherman, Jeffrey 3 16/01/2018 10 0.6992 4,508,073 215,000

Dolly Varden Silver Corporation

Common Shares Zicherman, Jeffrey 3 17/01/2018 10 0.7 4,513,073 5,000

Dream Hard Asset Alternatives Trust

Units Bhalla, Amar 4 08/05/2017 00


Units Bhalla, Amar 4 18/01/2018 10 6.3 5,000 5,000


Units Cooper, Michael 7, 5 15/01/2018 10 6.3 9,424,600 900


Units Cooper, Michael 7, 5 17/01/2018 10 6.35 9,480,240 55,640


Units Dream Asset Management Corporation

5 15/01/2018 10 6.3 1,265,700 900


Units Dream Asset Management Corporation

5 17/01/2018 10 6.35 1,321,340 55,640

Dundee Corporation Subordinate Voting Shares Class A

Goodman, Jonathan Carter

4, 5 10/01/2018 00 61,990

Dundee Corporation Subordinate Voting Shares Class A

Goodman, Jonathan Carter

4, 5 10/01/2018 00 530,225

Dundee Precious Metals Inc.

Common Shares GMT Capital Corp 3 15/01/2018 10 2.66 4,612,890 -16,300
























Common Shares GMT Capital Corp 3 15/01/2018 10 2.66 317,040 -1,100




Common Shares GMT Capital Corp 3 17/01/2018 10 2.66 312,840 -500


Common Shares GMT Capital Corp 3 18/01/2018 10 2.61 312,240 -600



Insider Reporting

January 25, 2018

(2018), 41 OSCB 864


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed







East Coast Investment Grade Income Fund

Units Arrow Capital Management Inc.

7 12/01/2018 10 10.097 297,700 -11,300



7 15/01/2018 10 14.4 296,100 -1,600



7 16/01/2018 10 10.06 289,300 -6,800



7 17/01/2018 10 10.06 282,900 -6,400



7 18/01/2018 10 10.06 278,700 -4,200



7 19/01/2018 10 10.06 277,300 -1,400

Echelon Financial Holdings Inc.

Deferred Share Units Pastor, Andrew Dennis Martin

4 12/01/2018 56 10,539 1,644


Deferred Share Units Ranson, Sharon Margaret

4 12/01/2018 56 5,920


Deferred Share Units Ranson, Sharon Margaret

4 12/01/2018 56 5,920 5,920

ECN Capital Corp. Common Shares ECN CAPITAL CORP. 1 10/01/2018 38 3.8719 4,771,636 383,292







Economic Investment Trust Limited

Common Shares Canadian & Foreign Securities Co. Limited

3 16/01/2018 10 115 713,013 500

Edgewater Wireless Systems Inc.

Common Shares Anderson, Duane Laurie

4, 5 08/01/2018 10 0.61 9,124,601 -10,000



4, 5 09/01/2018 10 0.6016 9,108,601 -16,000



4, 5 10/01/2018 10 0.585 9,008,601 -100,000

Electrovaya Inc. Securities Lending Arrangement dated December 27, 2017

Das Gupta, Sankar 3, 4, 5 06/06/2003 00

Electrovaya Inc. Securities Lending Arrangement dated December 27, 2017

Das Gupta, Sankar 3, 4, 5 27/12/2017 70 2,000,000 2,000,000

Emblem Corp. (formerly Saber Capital Corp.)

Options Stojanovic, Alexander Milan

5 16/01/2018 00 150,000

Emerald Bay Energy Inc.

Common Shares Wagenaar, Clarence 3 12/01/2018 10 0.03 36,331,000 -750,000

Emerald Bay Energy Inc.

Common Shares Wagenaar, Clarence 3 12/01/2018 10 0.035 34,081,000 -2,250,000

Emerita Resources Corp. (formerly Emerita Gold Corp.)

Common Shares Sulliden Mining Capital Inc.

3 14/03/2017 10 0.165 5,110,000 -75,000

Emerita Resources Corp. (formerly Emerita Gold Corp.)

Warrants Sulliden Mining Capital Inc.

3 24/12/2017 55 0.1 1,000,000 -2,000,000

Empire Company Limited

Common Shares Class B Driscoll, Sharon 4 17/01/2018 00

Empire Company Limited

Common Shares Class B Driscoll, Sharon 4 17/01/2018 11 1 1

Empire Industries Ltd. Options Chui, James 3, 4 20/12/2017 00

Empire Industries Ltd. Options Chui, James 3, 4 17/01/2018 50 75,000 75,000

Empire Industries Ltd. Options Peebles, Brian Ross 5 17/01/2018 50 250,000 100,000

Empire Industries Ltd. Options Poirier, Anthony Paul 5 18/08/2017 00

Insider Reporting

January 25, 2018

(2018), 41 OSCB 865


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Empire Industries Ltd. Options Poirier, Anthony Paul 5 17/01/2018 50 250,000 250,000

Empire Industries Ltd. Options Wang, Cheng-Hao 5 18/08/2017 00

Empire Industries Ltd. Options Wang, Cheng-Hao 5 17/01/2018 50 500,000 500,000

Enbridge Income Fund Holdings Inc.

Common Shares Cillis, Laura Ann 4 09/01/2018 30 31.28 8,639 349

Encana Corporation Restricted Share Units Alexander, Joanne Linette

5 12/01/2018 38 56,240 -14,410

Encana Corporation Shareholder Appreciation Rights

Greager, Eric Thomas 7 12/01/2018 59 4.06 121,996 -4,277

Enghouse Systems Limited

Options Employee Stock Option

Mifsud, Vincent 5 15/01/2018 00


Options Employee Stock Option

Mifsud, Vincent 5 16/01/2018 50 120,000 120,000


Common Shares Sadler, Stephen 3, 4, 5 16/01/2018 10 62 4,297,300 -9,900







Ensign Energy Services Inc.

Common Shares Connors, Thomas Joseph

7 31/12/2017 30 7.87 90,392 469


Rights Performance Share Units - 2017 Grant

Connors, Thomas Joseph

7 31/12/2017 56 39,942 2,629



Edwards, Norman Murray

3, 4, 5 31/12/2017 56 83,224 5,477


Common Shares Geddes, Robert Harold 5 31/12/2017 30 7.22 3,974


Common Shares Geddes, Robert Harold 5 31/12/2017 30 7.22 674,120 3,974


Common Shares Geddes, Robert Harold 5 31/12/2017 30 7.61 682,449 8,329



Geddes, Robert Harold 5 31/12/2017 56 118,472 7,797


Common Shares Gray, Michael 5 31/12/2017 30 7.05 5,555 98


Common Shares Gray, Michael 5 31/12/2017 30 7.21 7,079 1,524


Common Shares Gray, Michael 5 16/01/2018 10 7.45 1,847 -5,232


Common Shares Gray, Michael 5 16/01/2018 10 7.45 8,232 5,232



Gray, Michael 5 31/12/2017 56 27,257 1,794



Kautz, Edward 5 31/12/2017 56 103,246 6,795


Common Shares Nuss, Michael Rudy 7 31/12/2017 30 10.95 110,486 1,202



Nuss, Michael Rudy 7 31/12/2017 56 56,643 3,728

Entree Resources Ltd. Common Shares Harris, James Lindsay 4 18/01/2018 51 0.47 488,500 255,000

Entree Resources Ltd. Options Harris, James Lindsay 4 18/01/2018 51 0.47 675,000 -255,000

Entree Resources Ltd. Common Shares LO, DUANE 5 17/01/2018 10 691,300 65,000

Entree Resources Ltd. Common Shares McLeod, Susan Elizabeth

5 17/01/2018 36 278,155 141,155

Entree Resources Ltd. Options McLeod, Susan Elizabeth

5 17/01/2018 51 910,000 -375,000

Environmental Waste International Inc.

Options Gerard, Emanuel 4 27/06/2017 50 2,075,000 200,000


Options Kantor, Steven Leslie 5 27/06/2017 50 2,475,000 150,000


Options MacBean, William Harvey Robert

5 27/06/2017 50 3,300,000 300,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 866


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Options Myers, Glenn Stewart 4 27/06/2017 50 175,000 25,000


Options Orlin, Paul Evan 3 08/05/2017 00


Options Orlin, Paul Evan 3 27/06/2017 50 150,000 150,000

Equinox Gold Corp. (formerly Trek Mining Inc.)

Common Shares Pacific Road Resources Fund II L.P.

3 15/01/2018 16 0.915 39,320,463 18,421,200

Equitable Group Inc. Common Shares Wilson, Timothy James 5 12/01/2018 90 2,018 -150

Equitable Group Inc. Common Shares Wilson, Timothy James 5 12/01/2018 90 300 150

Equitorial Exploration Corp.

Common Shares Bal, Jatinder Singh 1 11/01/2018 10 0.1 1,101,500 -1,000,000


Common Shares Bal, Jatinder Singh 1 15/01/2018 10 0.1 1,001,500 -100,000


Common Shares Bal, Jatinder Singh 1 15/01/2018 10 0.1 101,500 -900,000


Common Shares Bal, Jatinder Singh 1 16/01/2018 10 0.1 219,500 118,000


Common Shares Bal, Jatinder Singh 1 17/01/2018 10 0.1 719,500 500,000


Common Shares Bal, Jatinder Singh 1 18/01/2018 10 0.105 1,219,500 500,000

ESI Energy Services Inc.

Common Shares Zimmer, Harold R. 4 03/01/2018 11 0.37 171,600 -172,900


Common Shares Zimmer, Harold R. 4 04/01/2018 90 0 -171,600


Common Shares Zimmer, Harold R. 4 28/11/2016 00


Common Shares Zimmer, Harold R. 4 04/01/2018 90 171,600 171,600

ESSA Pharma Inc. Common Shares BERGER, FRANKLIN MILAN

4 09/01/2018 11 0.2 3,488,636 3,125,000


4 16/01/2018 10 0.21 10,000


4 16/01/2018 10 0.21 3,498,636 10,000


4 17/01/2018 10 0.225 3,528,492 29,856


4 17/01/2018 10 0.22 58,400


4 17/01/2018 10 0.22 3,586,892 58,400


4 17/01/2018 10 0.21 3,736,892 150,000


4 17/01/2018 10 0.2099 3,776,892 40,000


4 18/01/2018 10 0.225 29,856

ESSA Pharma Inc. Common Shares Parkinson, David 4 24/06/2015 00

ESSA Pharma Inc. Common Shares Parkinson, David 4 09/01/2018 11 0.2 250,000 250,000

Euromax Resources Ltd.

Deferred Phantom Units (DPUs)

Threlkeld, Raymond Wesley

4 03/01/2018 46 294,500 64,892

European Focused Dividend Fund

Trust Units European Focused Dividend Fund

1 12/01/2018 38 9.8194 28,800 8,000

European Focused Dividend Fund

Trust Units European Focused Dividend Fund

1 15/01/2018 38 9.8625 30,000 1,200

EVI Global Group Developments Corp.

Common Shares Manji, Faisal 4 15/09/2015 00


Common Shares Manji, Faisal 4 12/01/2018 16 0.05 150,000 150,000


Warrants Warrants at 10 cents for Jan 12 2018 PP

Manji, Faisal 4 15/09/2015 00


Warrants Warrants at 10 cents for Jan 12 2018 PP

Manji, Faisal 4 12/01/2018 16 0.1 150,000 150,000

Evrim Resources Corp. Common Shares Funk, Charles Walter 5 25/07/2016 00

Insider Reporting

January 25, 2018

(2018), 41 OSCB 867


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Evrim Resources Corp. Common Shares Funk, Charles Walter 5 18/01/2018 10 0.4 5,000 5,000

Evrim Resources Corp. Common Shares Funk, Charles Walter 5 19/01/2018 10 0.365 10,000 5,000

Exchange Income Corporation

Common Shares Chafe, Brian Dominic 4, 6, 5 30/12/2015 00


Common Shares Chafe, Brian Dominic 4, 6, 5 21/11/2016 30 41.717 397 397


Common Shares Chafe, Brian Dominic 4, 6, 5 05/01/2016 10 21.97 23,806


Common Shares Chafe, Brian Dominic 4, 6, 5 01/09/2016 90 34.27 -950


Common Shares Chafe, Brian Dominic 4, 6, 5 01/09/2016 90 34.27 45,289 -950









EXFO Inc. (formerly know as EXFO Electro-Optical Engineering Inc.)

Restricted Share Units Arora, Vikas 5 12/01/2018 57 5.45 18,000 -2,750


Restricted Share Units Arora, Vikas 5 12/01/2018 57 5.45 15,000 -3,000


Subordinate Voting Shares

Arora, Vikas 5 12/01/2018 57 5.45 2,750 2,750



Arora, Vikas 5 12/01/2018 57 5.45 5,750 3,000



Arora, Vikas 5 12/01/2018 10 5.4899 3,000 -2,750



Arora, Vikas 5 12/01/2018 10 5.4899 0 -3,000


Restricted Share Units Chabot, Stéphane 5 15/01/2018 57 5.5 43,419 -1,100


Restricted Share Units Chabot, Stéphane 5 15/01/2018 57 5.5 42,169 -1,250



Chabot, Stéphane 5 15/01/2018 57 5.5 1,100 1,100



Chabot, Stéphane 5 15/01/2018 57 5.5 2,350 1,250



Chabot, Stéphane 5 16/01/2018 57 5.5 1,100



Chabot, Stéphane 5 16/01/2018 10 5.41 1,250 -1,100

Insider Reporting

January 25, 2018

(2018), 41 OSCB 868


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



Chabot, Stéphane 5 16/01/2018 10 5.41 0 -1,250


Restricted Share Units Fitts, Robert 5 15/01/2018 57 5.5 3,000 -825


Restricted Share Units Fitts, Robert 5 15/01/2018 57 5.5 2,100 -900



Fitts, Robert 5 15/01/2018 57 5.5 825 825



Fitts, Robert 5 15/01/2018 57 5.5 1,725 900



Fitts, Robert 5 16/01/2018 10 5.41 900 -825



Fitts, Robert 5 16/01/2018 10 5.41 0 -900


Restricted Share Units Meske, Hans-Peter, Kurt

7 15/01/2018 57 5.5 4,400 -825



7 15/01/2018 57 5.5 3,800 -600



7 16/01/2018 56 5.53 5,300 1,500



Meske, Hans-Peter, Kurt

7 15/01/2018 57 5.5 2,825 825




7 15/01/2018 57 5.5 3,425 600




7 16/01/2018 10 5.41 2,600 -825




7 16/01/2018 10 5.41 2,000 -600


Restricted Share Units Ringuette, Benoit 5 15/01/2018 57 5.5 7,500 -825


Restricted Share Units Ringuette, Benoit 5 15/01/2018 57 5.5 6,250 -1,250


Restricted Share Units Ringuette, Benoit 5 16/01/2018 56 5.53 13,483 7,233



Ringuette, Benoit 5 15/01/2018 57 5.5 825 825

Insider Reporting

January 25, 2018

(2018), 41 OSCB 869


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



Ringuette, Benoit 5 15/01/2018 57 5.5 2,075 1,250



Ringuette, Benoit 5 16/01/2018 10 5.41 1,250 -825



Ringuette, Benoit 5 16/01/2018 10 5.41 0 -1,250

ExGen Resources Inc. Common Shares Yancie, David Roy 4 26/01/2015 10 0.015 6,320,000 120,000



























Fairfax India Holdings Corporation

Multiple Voting Shares Fairfax Financial Holdings Limited

3 30/01/2015 00



3 12/12/2017 90 15.25 1,600,000 1,600,000



3 12/12/2017 90 15.25 0 -1,600,000



Fairfax Financial Holdings Limited

3 02/08/2017 90 17.07 851,100




3 02/08/2017 90 17.07 -851,100




3 02/08/2017 90 17.07 -851,100




3 13/12/2017 90 15 1,532,684




3 13/12/2017 90 15 1,532,864 1,532,864

Fancamp Exploration Ltd.

Options ANKCORN, PAUL RUSSELL

4 15/01/2018 50 0.15 1,350,000 800,000


Options Billings, Mark Anthony 4 15/01/2018 50 0.15 1,650,000 1,050,000


Options Chapman, Debra Joan 4, 5 15/01/2018 50 0.15 1,950,000 1,050,000


Options Chapman, Debra Joan 4, 5 16/01/2018 52 0.2 1,600,000 -350,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 870


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Options de Quadros, Antonio Melicio

4 17/12/2017 52 0.2 550,000 -250,000


Options de Quadros, Antonio Melicio

4 15/01/2018 50 0.15 1,600,000 1,050,000


Options Flanagan, Michael 5 15/01/2018 50 1,925,000 1,050,000


Options kamaleddine, fouad 5 15/01/2018 50 2,940,000 1,700,000


Options kamaleddine, fouad 5 16/01/2018 52 2,590,000 -350,000


Options Smith, Peter Henderson

5 15/01/2018 50 0.15 2,700,000 1,700,000


Options Smith, Peter Henderson

5 16/01/2018 52 0.2 2,350,000 -350,000

Far Resources Ltd. Common Shares Driver, Cyrus 4, 5 15/01/2018 10 0.963 716,000 -100,000

Fengro Industries Corp. (formerly DuSolo Fertilizers Inc.)

Options Baynham, Giles Edward

5 11/07/2017 37 150,000 -1,350,000


Options Baynham, Giles Edward

5 14/01/2018 50 650,000 500,000


Options Boddy, Christina Lynn 5 11/07/2017 37 35,000 -315,000


Options Boddy, Christina Lynn 5 14/01/2018 50 135,000 100,000


Options Carpenter, Keith Thomas

4 04/07/2017 00



4 04/07/2017 50 50,000 50,000



4 14/01/2018 50 300,000 250,000


Options Morrison, Scott Douglas

4 11/07/2017 37 50,000 -450,000


Options Morrison, Scott Douglas

4 14/01/2018 50 300,000 250,000


Options Ruxton, Peter Antony 4 14/01/2018 50 1,245,000 250,000

Finning International Inc.

Common Shares Amar, Juan Pablo 5 31/12/2017 30 27.03 18,962 2,168


Common Shares Breukels, Cornelis Mauritius H.J.

5 31/12/2017 30 26.29 12,425 1,033


Common Shares Chavez, Cristian 5 31/12/2017 30 26.29 2,656 1,364


Common Shares Cummings, David William

5 31/12/2017 30 25.8 30,810 2,137


Common Shares Damjanic Yutronic, Pedro Antonio

5 31/12/2017 30 27.03 3,654 1,643


Common Shares Day, Russell Willard 5 31/12/2017 30 26.08 4,731 1,459


Common Shares Erdman, Jeff 5 31/12/2017 30 27.15 8,721 804


Common Shares Guridi, Sebastian Tomas

5 31/12/2017 30 27.03 8,765 850


Common Shares Hale, Mona 5 31/12/2017 30 26.08 14,323 1,445


Common Shares Harrod, Darcy Joel 5 31/12/2017 30 27.12 5,534 873


Common Shares Hiley, Chad, Stephen 5 31/12/2017 30 25.79 4,844 1,847

Insider Reporting

January 25, 2018

(2018), 41 OSCB 871


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Common Shares Hogg, Mark Stephen 5 01/12/2017 00


Common Shares Hogg, Mark Stephen 5 31/12/2017 30 27.08 174 174


Common Shares Hummel, Gracielle 5 09/06/2017 00


Common Shares Hummel, Gracielle 5 31/12/2017 30 28.45 483 483


Common Shares Marchese, Marchello 5 31/12/2017 30 27.03 34,699 3,050


Common Shares Marks, Anna Pia 5 31/12/2017 30 26.07 20,255 1,848


Common Shares Murdoch, Heather Jane 5 31/12/2017 30 26.32 1,632 1,050


Common Shares Nielsen, Steven Mathew

5 31/12/2017 30 25.58 13,663 5,864


Common Shares Palaschuk, Gregory 5 31/12/2017 30 27.41 11,248 94


Common Shares Parkes, Kevin 5 31/12/2017 30 27.18 268 151


Common Shares Primrose, David Francis Neil

5 31/12/2017 30 25.79 24,187 2,092


Common Shares Reber, Jordan Fox 5 31/12/2017 30 28.35 998 498


Common Shares Thomson, Scott 5 31/12/2017 30 25.42 166,910 6,532


Common Shares Villegas, Juan Carlos 5 31/12/2017 30 25.58 45,636 5,091

Firm Capital American Realty Partners Corp. (formerly Delavaco Residential Properties Corp.)

Common Shares DiCapo, Pasquale 3, 4 17/01/2018 30 546,346 4,492

Firm Capital American Realty Partners Corp. (formerly Delavaco Residential Properties Corp.)

Convertible Debentures DiCapo, Pasquale 3, 4 17/01/2018 11 $541,725 -$31,002

First Mexican Gold Corp.

Common Shares Voisin, James Arthur Robert

4 15/01/2018 10 0.015 264,717 -100,000

First Mining Gold Corp. Options Bouchard, Michel 4 15/01/2018 50 0.6 1,849,000 500,000

First Mining Gold Corp. Options Donnelly, Patrick Michael

5 15/01/2018 50 0.6 6,265,000 1,000,000

First Mining Gold Corp. Options Iwanaka, Derek 5 15/01/2018 50 0.6 1,700,000 500,000

First Mining Gold Corp. Options Marshall, Andrew Colin 5 15/01/2018 50 0.6 500,000

First Mining Gold Corp. Options Marshall, Andrew Colin 5 15/01/2018 50 0.6 1,600,000 500,000

First Mining Gold Corp. Options Neumeyer, Keith 4 15/01/2018 50 0.6 6,190,000 1,000,000

First Mining Gold Corp. Options Osterman, Christopher 4, 5 15/01/2018 50 6,265,000 1,000,000

First Mining Gold Corp. Options Patel, Samir Devendra 5 15/01/2018 50 1,200,000 500,000

First Mining Gold Corp. Options Polman, Raymond L. 4 15/01/2018 50 0.6 1,625,000 500,000

First Mining Gold Corp. Options SHAW, DAVID ANDREW

4, 5 15/01/2018 50 0.6 1,587,500 500,000

First Mining Gold Corp. Common Shares Swinoga, Jeffrey Anthony

5 15/01/2018 00

First Mining Gold Corp. Common Shares Swinoga, Jeffrey Anthony

5 19/01/2018 10 0.56 50,000 50,000

First Mining Gold Corp. Options Swinoga, Jeffrey Anthony

5 15/01/2018 00

First Mining Gold Corp. Options Swinoga, Jeffrey Anthony

5 15/01/2018 50 1,000,000 1,000,000

Five Star Diamonds Limited

Common Shares Waraich, Aneel Singh 4 08/01/2018 10 0.1955 2,342,884 10,000





Insider Reporting

January 25, 2018

(2018), 41 OSCB 872


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



Foran Mining Corporation

Common Shares Thiessen, Tim 5 29/12/2017 11 0.49 131,000 10,000


Options Thiessen, Tim 5 15/01/2018 52 0.9 1,160,000 -250,000


Options Thiessen, Tim 5 15/01/2018 52 0.8 1,060,000 -100,000

Fortress Paper Ltd. Rights Deferred Share Units

Gaetz, Gerald 4 15/01/2018 56 3.7072 23,846 8,362


Kavanagh, Terrence P. 4 15/01/2018 56 3.7072 27,233 7,057


Nemeth, Joseph 4 15/01/2018 56 3.7072 78,851 7,653


Wirasekara, Anil 4 15/01/2018 46 3.7072 48,938 6,069

Fortune Minerals Limited

Common Shares Chen, Shou-Wu 8, 4, 6 06/04/2010 00


Common Shares Chen, Shou-Wu 8, 4, 6 17/01/2018 51 0.05 574,755 574,755


Options Chen, Shou-Wu 8, 4, 6 17/01/2018 51 0.05 1,100,245 -574,755

Franco-Nevada Corporation

Options Brink, Paul 5 11/12/2017 50 112,822 9,901


Rights Restricted Share Units (Performance)

Brink, Paul 5 11/12/2017 56 10,112 2,997


Rights Restricted Share Units (Time-based)

Brink, Paul 5 11/12/2017 56 6,473 2,997



de Vries, Boris 7 19/04/2017 00



de Vries, Boris 7 11/12/2017 56 546 546



de Vries, Boris 7 19/04/2017 00



de Vries, Boris 7 11/12/2017 56 546 546


Options Harquail, David 4, 5 11/12/2017 50 175,480 28,053



Harquail, David 4, 5 11/12/2017 56 29,837 8,492



Harquail, David 4, 5 11/12/2017 56 18,921 8,492


Options Hong, Lloyd Hyunsoo 5 11/12/2017 50 85,290 8,251



Hong, Lloyd Hyunsoo 5 11/12/2017 56 8,190 2,498



Hong, Lloyd Hyunsoo 5 11/12/2017 56 5,279 2,498


Options O'Connell, Jason 5 11/12/2017 50 34,680 3,630



O'Connell, Jason 5 11/12/2017 56 3,184 1,099



O'Connell, Jason 5 11/12/2017 56 2,235 1,099


Options Rana, Sandip 5 11/12/2017 50 115,240 9,076



Rana, Sandip 5 11/12/2017 56 9,151 2,747



Rana, Sandip 5 11/12/2017 56 5,876 2,747


Common Shares Sparkes, Kerry Elwyn 5 31/12/2017 30 645 6


Options Sparkes, Kerry Elwyn 5 11/12/2017 50 8,564 2,145



Sparkes, Kerry Elwyn 5 11/12/2017 56 2,408 649

Insider Reporting

January 25, 2018

(2018), 41 OSCB 873


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



Sparkes, Kerry Elwyn 5 11/12/2017 56 1,511 649


Options Wilson, Philip Dane 5 11/12/2017 50 61,354 2,310



Wilson, Philip Dane 5 11/12/2017 56 3,902 1,049



Wilson, Philip Dane 5 11/12/2017 56 1,632 699

Fronsac Real Estate Investment Trust

Participation Units Henley, Kevin 5 15/01/2018 46 0.53 30,000 30,000

Fronsac Real Estate Investment Trust

Participation Units Parravano, Jason 5 15/01/2018 46 0.53 252,370 50,000

Frontera Energy Corporation

Deferred Stock Units Alarcon Mantilla, Luis 4 15/01/2018 56 33.67 8,965 1,262


Deferred Stock Units Armstrong, William Ellis

4 15/01/2018 56 33.67 8,965 1,262


Deferred Stock Units Bromark, Raymond John

4 15/01/2018 56 33.67 5,855 650


Common Shares Catalyst Capital Group Inc.

3 16/01/2018 10 43 11,248,817 100


Common Shares Catalyst Capital Group Inc.

3 18/01/2018 10 41.99 11,248,917 100


Deferred Stock Units De Alba, Gabriel 4 15/01/2018 56 33.67 10,547 1,485


Deferred Stock Units Ford, Russell 4 15/01/2018 56 33.67 7,058 1,010


Deferred Stock Units Marulanda, Camilo 4 15/01/2018 56 33.67 7,844 594

FRONTIER LITHIUM INC.

Common Shares Koziol, Marian 4 16/01/2018 51 370,000 150,000

FRONTIER LITHIUM INC.

Options Koziol, Marian 4 16/01/2018 51 0.1 550,000 -150,000

Future Farm Technologies Inc.

Common Shares Gappelberg, Evan 8 15/03/2017 00




Common Shares Gappelberg, Evan 8 15/03/2017 00 2,000,000








Options Gappelberg, Evan 8 15/03/2017 00


Options Gappelberg, Evan 8 15/03/2017 00


Options Gappelberg, Evan 8 15/03/2017 00 500,000


Warrants Gappelberg, Evan 8 15/03/2017 00 50,848


Warrants Gappelberg, Evan 8 12/01/2018 54 0.35 0 -50,848


Warrants 50848 .35 warrants

Gappelberg, Evan 8 15/03/2017 00












Common Shares Gappelberg, Evan 8 03/01/2018 54 0.35 50,848

Insider Reporting

January 25, 2018

(2018), 41 OSCB 874


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Common Shares Gappelberg, Evan 8 03/01/2018 54 0.35 50,848




Common Shares Gappelberg, Evan 8 03/01/2018 54 0.35 3,440,848 50,848


Common Shares Gappelberg, Evan 8 17/01/2018 10 1.28 3,425,848 -15,000






Options Gappelberg, Evan 8 03/01/2018 00 500,000


Options Gappelberg, Evan 8 12/01/2018 50 1,125,000 625,000


Options 500000 Options .31



Options 500000 Options .31



Options mcdermid, scott 5 12/01/2018 50 1.24 225,000 125,000


Options Tyldesley, Belinda 5 15/02/2016 00 100,000


Options Tyldesley, Belinda 5 02/01/2018 52 0.31 50,000


Options Tyldesley, Belinda 5 02/01/2018 51 0.31 50,000


Options Tyldesley, Belinda 5 02/01/2018 51 0.31 50,000 -50,000


Options Tyldesley, Belinda 5 12/01/2018 50 1.24 175,000 125,000

Gazit-Globe Ltd. Debentures Series D (denominated in Israeli new shekels)

Ben Dor, Haim Michael 4 15/01/2018 10 133.62 $0 -$622,810

Gazit-Globe Ltd. Common Shares Jemini, Adi 5 16/01/2016 00

Gazit-Globe Ltd. Common Shares Jemini, Adi 5 16/01/2016 00 2,500

Gazit-Globe Ltd. Common Shares Jemini, Adi 5 01/01/2018 57 3824 3,824

Gazit-Globe Ltd. Common Shares Jemini, Adi 5 01/01/2018 57 3824 3,824

Gazit-Globe Ltd. Common Shares Jemini, Adi 5 01/01/2018 57 19,627 3,824

Gazit-Globe Ltd. Restricted Share Units Jemini, Adi 5 01/01/2018 57 20,032 -3,824

Geodrill Limited Common Shares Prentice, Victoria Kay 5 15/01/2018 51 0.81 24,500 24,500

Geodrill Limited Options Prentice, Victoria Kay 5 15/01/2018 51 0.81 320,500 -24,500

Gildan Activewear Inc. Common Shares Léger, Gilles 5 01/01/2018 00

Gildan Activewear Inc. Common Shares Léger, Gilles 5 01/01/2018 00 33,055

Giyani Metals Corp. Common Shares Parnham, Duane 3, 4, 5 12/01/2018 10 0.275 8,265,032 -697,272

Giyani Metals Corp. Common Shares Parnham, Duane 3, 4, 5 15/01/2018 10 0.36 8,275,032 10,000

Giyani Metals Corp. Common Shares Parnham, Duane 3, 4, 5 18/01/2018 10 0.285 8,300,032 25,000

Glance Technologies Inc.

Common Shares Green, Penny Olga 3, 4, 6, 5

29/12/2017 10 2.12 11,002,393 5,000



29/12/2017 10 2.13 11,006,393 4,000



29/12/2017 10 2.14 11,007,393 1,000

Global Atomic Corporation

Common Shares Atacan, Ian D 5 18/01/2018 10 0.3 168,348 11,819

Global Dividend Growers Income Fund

Trust Units Global Dividend Growers Income Fund

1 12/01/2018 38 13 5,247,605 600

Global Hemp Group Inc. Common Shares Class A Perrault, Paul 4 19/01/2018 10 0.195 -86,000

Global Hemp Group Inc. Common Shares Class A Perrault, Paul 4 19/01/2018 10 0.195 170,000 -86,000

Global Real Estate Dividend Growers Corp.

Common Shares Equity Shares

Global Real Estate Dividend Growers Corp.

1 11/01/2018 38 8.05 3,896,217 600

GMP Capital Inc. Common Shares HILL, CHRISTOPHER 7 31/12/2017 30 3.1629 1,829 1,138

Insider Reporting

January 25, 2018

(2018), 41 OSCB 875


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

GMP Capital Inc. Common Shares STARKMAN, DEBORAH JOANNE

7, 5 31/12/2017 30 3.1629 71,169 1,897

GMP Capital Inc. Common Shares Sullivan, Kevin M. 4, 5 31/12/2017 30 3.1629 26,207 1,897

goeasy Ltd. (formerly, easyhome Ltd.)

Common Shares Appel, Jason 5 12/01/2018 35 4,268 20






Restricted Share Unit Appel, Jason 5 12/01/2018 56 28,865 48






Restricted Share Unit Fiederer, Andrea 5 12/01/2018 56 36,987 17






Restricted Share Unit Goertz, Steve 5 12/01/2018 56 64,601 93






Restricted Share Unit Ingram, David 4, 5 12/01/2018 56 175,962 252






Restricted Share Unit Khatib, Shadi 5 12/01/2018 56 11,251 16


Restricted Share Unit Khatib, Shadi 5 12/01/2018 56 11,287 36


Restricted Share Unit Mullins, Jason 5 12/01/2018 56 59,365 85






Restricted Share Unit Pennell, Shane 5 12/01/2018 56 25,757 44






Restricted Share Unit Sabrina, Anzini 5 12/01/2018 56 2,021 9


Restricted Share Unit Yeilding, David 5 12/01/2018 56 27,609 46





Gold Standard Ventures Corp.

Common Shares Awde, Jonathan Charles Timothy

4, 6, 5 15/01/2018 10 1.96 1,000,400 5,000



4, 6, 5 15/01/2018 10 1.97 1,002,900 2,500



4, 6, 5 15/01/2018 10 1.95 1,005,400 2,500



4, 6, 5 15/01/2018 10 1.9658 1,010,400 5,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 876


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



4, 6, 5 15/01/2018 10 1.9646 1,015,400 5,000



4, 6, 5 16/01/2018 10 1.92 1,017,400 2,000



4, 6, 5 16/01/2018 10 1.91 1,020,100 2,700

Goldcorp Inc. Common Shares BERGERON, BRENT 5 31/12/2017 30 18.85 2,905 20

Goldcorp Inc. Common Shares Briscoe, Beverley Anne 4 28/03/2017 10 20.203 75

Goldcorp Inc. Common Shares Briscoe, Beverley Anne 4 28/03/2017 30 20.203 57,401 75







Goldcorp Inc. Common Shares Randhawa, Raman 7 29/11/2012 00

Goldcorp Inc. Common Shares Randhawa, Raman 7 29/11/2012 00 2,659

Goldcorp Inc. Common Shares Randhawa, Raman 7 31/03/2016 10 21.24 7,877 -4,750

Goldcorp Inc. Common Shares Randhawa, Raman 7 31/12/2017 30 18.13 11,938 1,135

Goldcorp Inc. Common Shares Ripley, Charlene Adele 5 31/12/2017 30 17.88 53,458 3,025

Golden Dawn Minerals Inc.

Common Shares Wiese, Wolfgang 4, 5 12/01/2018 10 0.25 -750,000








Common Shares Wiese, Wolfgang 4, 5 12/01/2018 10 0.24 7,495,074 -750,000


Common Shares Wiese, Wolfgang 4, 5 15/01/2018 11 0.225 8,995,074 1,500,000


Warrants Wiese, Wolfgang 4, 5 15/01/2018 11 0.3 8,773,834 1,500,000

Golden Queen Mining Co. Ltd.

Common Shares Clay, Richard 3 28/12/2017 97 0 -1,508,678


Common Shares Clay, Richard 3 28/12/2017 97 0 -807,250


Warrants Clay, Richard 3 28/12/2017 97 0 -2,759,400


Warrants Clay, Richard 3 28/12/2017 97 0 -10,740,600

Golden Star Resources Ltd.

Deferred Share Units BAKER, TIMOTHY CLIVE

4 15/01/2018 56 0.8595 1,582,873 48,866


Deferred Share Units Clausen, Gilmour 4 15/01/2018 56 0.8595 102,516 25,451


Deferred Share Units Dhir, Anu 4 15/01/2018 56 0.8595 535,114 19,997


Deferred Share Units Doyle, Robert Emmet 4 15/01/2018 56 0.8595 1,330,293 36,358


Deferred Share Units Nelsen, Craig Joseph 4 15/01/2018 56 0.8595 320,398 14,543


Deferred Share Units Quartey, Mona Helen Kabuki

4 15/01/2018 56 0.8595 33,951 14,543

Goldmoney Inc. (formerly BitGold Inc.)

Common Shares Mennega, Paul Michael 5 05/01/2018 10 6 2,000 500


Common Shares Mennega, Paul Michael 5 15/01/2018 10 6.05 2,100 100





Goldrea Resources Corp.

Common Shares Elbert, James Andrew 4, 5 08/01/2018 16 0.06 3,046,000 600,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 877


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Warrants Elbert, James Andrew 4, 5 09/07/2012 00


Warrants Elbert, James Andrew 4, 5 08/01/2018 16 600,000 600,000


Common Shares Reaugh, Larry 4, 5 27/07/2016 10 0.09 -40,000


Common Shares Reaugh, Larry 4, 5 27/07/2016 10 0.09 -40,000


Common Shares Reaugh, Larry 4, 5 11/01/2018 11 0.05 1,475,507 200,000


Common Shares Reaugh, Larry 4, 5 15/01/2018 10 0.203 1,425,507 -50,000












Options Reaugh, Larry 4, 5 13/01/2006 51 0.2 -40,000




Options Reaugh, Larry 4, 5 02/02/2015 52 0.14 80,000 -800,000


Options Reaugh, Larry 4, 5 02/02/2016 50 280,000 200,000


Options Reaugh, Larry 4, 5 15/09/2016 50 480,000 200,000






Options Reaugh, Larry 4, 5 11/01/2018 11 0.05 200,000


Options Reaugh, Larry 4, 5 11/01/2018 11 0.05 200,000


Options Reaugh, Larry 4, 5 11/01/2018 51 280,000 -200,000

Gran Colombia Gold Corp.

Options Bloomquist, De Lyle Wade

4 16/08/2017 00


Options Bloomquist, De Lyle Wade

4 12/12/2017 50 2.55 53,333 53,333


2020 Debentures Extended to 2024

De La Campa, Miguel Angel

4, 6, 5 06/08/2010 00




4, 6, 5 11/01/2018 90 $1,041,485 $1,041,485




4, 6, 5 11/01/2018 90 $0 -$1,041,485


Common Shares De La Campa, Miguel Angel

4, 6, 5 11/01/2018 90 550,344 540,201



4, 6, 5 25/04/2017 37 -24,850



4, 6, 5 25/04/2017 37 1,774 -24,851



4, 6, 5 11/01/2018 90 0 -1,774



4, 6, 5 25/04/2017 37 -7,550,404



4, 6, 5 25/04/2017 37 539,314 -7,550,405



4, 6, 5 11/01/2018 90 0 -539,314

Insider Reporting

January 25, 2018

(2018), 41 OSCB 878


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Common Shares Iacono, Serafino 3, 4, 6, 5

11/01/2018 90 13,855 887

Grande West Transportation Group Inc.

Common Shares LaGourgue, John 4 15/01/2018 10 2.13 335,426 2,969

Grande West Transportation Group Inc.

Common Shares Wang, John 5 18/01/2018 10 2.13 1,051,459 758

Granite Real Estate Investment Trust

Trust Units (traded as a component of stapled units)


1 02/01/2018 38 49.691 21,900 21,900




1 02/01/2018 38 0 -21,900




1 03/01/2018 38 49.287 26,267 26,267




1 03/01/2018 38 0 -26,267




1 04/01/2018 38 49 112,300 112,300




1 04/01/2018 38 0 -112,300




1 05/01/2018 38 49.202 25,800 25,800




1 05/01/2018 38 0 -25,800




1 08/01/2018 38 49.38 26,267 26,267




1 08/01/2018 38 0 -26,267




1 09/01/2018 38 49.902 26,267 26,267




1 09/01/2018 38 0 -26,267




1 10/01/2018 38 49.932 23,600 23,600




1 10/01/2018 38 0 -23,600




1 11/01/2018 38 49.085 83,100 83,100




1 11/01/2018 38 0 -83,100




1 12/01/2018 38 49.187 26,267 26,267




1 12/01/2018 38 0 -26,267




1 15/01/2018 38 49.222 26,267 26,267




1 15/01/2018 38 0 -26,267

Insider Reporting

January 25, 2018

(2018), 41 OSCB 879


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed




1 16/01/2018 38 49.835 26,267 26,267




1 16/01/2018 38 0 -26,267




1 17/01/2018 38 49.763 1,600 1,600




1 17/01/2018 38 0 -1,600

Granite REIT Inc. Deferred Share Units Aghar, Peter 4 16/01/2018 35 49.52 1,576 3

Granite REIT Inc. Deferred Share Units Clow, Donald Everett 4 16/01/2018 35 49.52 3,293 11

Granite REIT Inc. Deferred Share Units Daal, Remco 4 16/01/2018 35 49.52 1,373 3

Granite REIT Inc. Restricted Share Units Forsayeth, Michael Peter

4, 5 16/01/2018 35 49.52 36,522 167

Granite REIT Inc. Common Shares (traded as a component of stapled units)

Granite REIT Inc. 1 02/01/2018 38 49.691 21,900 21,900


Granite REIT Inc. 1 02/01/2018 38 0 -21,900


Granite REIT Inc. 1 03/01/2018 38 49.287 26,267 26,267


Granite REIT Inc. 1 03/01/2018 38 0 -26,267


Granite REIT Inc. 1 04/01/2018 38 49 112,300 112,300


Granite REIT Inc. 1 04/01/2018 38 0 -112,300


Granite REIT Inc. 1 05/01/2018 38 49.202 25,800 25,800


Granite REIT Inc. 1 05/01/2018 38 0 -25,800


Granite REIT Inc. 1 08/01/2018 38 49.38 26,267 26,267


Granite REIT Inc. 1 08/01/2018 38 0 -26,267


Granite REIT Inc. 1 09/01/2018 38 49.902 26,267 26,267


Granite REIT Inc. 1 09/01/2018 38 0 -26,267


Granite REIT Inc. 1 10/01/2018 38 49.932 23,600 23,600


Granite REIT Inc. 1 10/01/2018 38 0 -23,600


Granite REIT Inc. 1 11/01/2018 38 49.085 83,100 83,100


Granite REIT Inc. 1 11/01/2018 38 0 -83,100


Granite REIT Inc. 1 12/01/2018 38 49.187 26,267 26,267

Insider Reporting

January 25, 2018

(2018), 41 OSCB 880


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Granite REIT Inc. 1 12/01/2018 38 0 -26,267


Granite REIT Inc. 1 15/01/2018 38 49.222 26,267 26,267


Granite REIT Inc. 1 15/01/2018 38 0 -26,267


Granite REIT Inc. 1 16/01/2018 38 49.835 26,267 26,267


Granite REIT Inc. 1 16/01/2018 38 0 -26,267


Granite REIT Inc. 1 17/01/2018 38 49.763 1,600 1,600


Granite REIT Inc. 1 17/01/2018 38 0 -1,600

Granite REIT Inc. Restricted Share Units Konstantopoulos, Ilias 5 16/01/2018 35 49.52 6,897 31

Granite REIT Inc. Restricted Share Units KUMER, LORNE 5 16/01/2018 35 49.52 12,254 56

Granite REIT Inc. Deferred Share Units Manji, Samir Aziz 4 16/01/2018 35 49.52 1,117 3

Granite REIT Inc. Deferred Share Units Marshall, Kelly John 4 16/01/2018 35 49.52 2,134 5

Granite REIT Inc. Deferred Share Units Mawani, Al 4 16/01/2018 35 49.52 1,778 3

Granite REIT Inc. Deferred Share Units Miller, Gerald 4 16/01/2018 35 49.52 8,561 38

Granite REIT Inc. Restricted Share Units Wierzbinski, Stefan 5 16/01/2018 35 49.52 5,357 24

Gratomic Inc. (formerly CKR Carbon Corporation)

Options GRAY, STEVEN MICHAEL

4 10/01/2018 00 250,000

Great Bear Resources Ltd.

Common Shares Scott, Robert James 5 27/12/2017 16 0.3 199,000 50,000

Great Bear Resources Ltd.

Warrants Scott, Robert James 5 27/12/2017 16 0.42 155,500 25,000

Great Canadian Gaming Corporation

Units Deferred Shares Baker, Neil W. 4 02/01/2018 56 33.92 29,796 1,474

Great Canadian Gaming Corporation

Common Shares Molema, Michelle 5 20/01/2018 30 24.11 1,406 141

Great Panther Silver Limited

Options Archer, Robert Alexander

4 16/08/2017 52 2,249,000 -80,000

Great Panther Silver Limited

Options Major, Kenneth William 4 24/05/2017 52 171,666 -5,000

Green River Gold Corp. Common Shares MacNeill, Tom 3 16/01/2018 10 0.065 1,558,750 -70,000

Greenfields Petroleum Corporation

Options Benson, Norman Gustaf II

5 06/10/2016 52 0.35 95,000 -65,000

Greenfields Petroleum Corporation

Options Hibberd, Michael John 4 08/10/2016 52 0.35 30,000 -25,000

H&R Real Estate Investment Trust

Restricted Share Units Dickson, Robert Earl 4 06/01/2018 59 21.22 9,580 -5,492


Restricted Share Units Fried, Cheryl 5 06/01/2018 59 21.22 7,462 -4,119


Restricted Share Units Froom, Larry 5 06/01/2018 59 21.22 23,425 -29,663


Restricted Share Units Gilbert, Edward Allen 4 06/01/2018 59 21.22 9,580 -5,492


Restricted Share Units Hofstedter, Thomas J. 4, 5 06/01/2018 59 21.22 31,571 -49,439


Restricted Share Units Kestenberg, Robyn 5 06/01/2018 59 21.22 36,059 -13,183


Restricted Share Units Lebovic, Laurence A. 6 06/01/2018 57 21.22 11,984 -3,088


Restricted Share Units Lebovic, Laurence A. 6 06/01/2018 59 21.22 9,582 -2,402


Units Lebovic, Laurence A. 6 06/01/2018 57 21.22 78,008 3,088

Insider Reporting

January 25, 2018

(2018), 41 OSCB 881


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Restricted Share Units Rutman, Ronald C. 4 06/01/2018 59 21.22 9,580 -5,492


Restricted Share Units Sullivan, Patrick James 5 06/01/2018 59 21.22 10,426 -7,085


Restricted Share Units Uhr, Nathan 5 06/01/2018 59 21.22 7,308 -6,591

Hamilton Thorne Ltd. Options Edwards, Keith 5 16/01/2018 51 0.22 206,250 -31,250

Hamilton Thorne Ltd. Options Edwards, Keith 5 16/01/2018 10 0.22 237,500 31,250

Hammond Power Solutions Inc.

Common Shares Class A HAMMOND, BILL 6 15/01/2018 30 1,057,918 498

Hammond Power Solutions Inc.

Common Shares Class A HUETHER, CHRIS 5 15/01/2018 30 11,581 381

Hampton Financial Corporation

Options Carl, Richard G. 4 12/01/2018 00


Options Carl, Richard G. 4 12/01/2018 00


Options Carl, Richard G. 4 12/01/2018 50 150,000 150,000


Options Sherman, Robert Douglas

4 29/07/2016 00


Options Sherman, Robert Douglas

4 12/01/2018 50 150,000 150,000


Options Small, Steven Charles 4 30/11/2016 00


Options Small, Steven Charles 4 12/01/2018 50 250,000 250,000


Options Sununu, John Henry 4 29/07/2016 00


Options Sununu, John Henry 4 12/01/2018 50 150,000 150,000


Options Thomson, William 4 12/01/2018 00


Options Thomson, William 4 12/01/2018 50 150,000 150,000

Heritage Cannabis Holdings Corp. (formerly Umbral Energy Corp.)

Common Shares Bal, Jagdip 4 10/01/2018 10 0.745 10,297,519 -100,000


Common Shares Bal, Jagdip 4 12/01/2018 10 0.56 10,197,519 -100,000


Common Shares Khersonski, Kristina 5 15/01/2018 10 0.14 200,000 200,000


Common Shares Khersonski, Kristina 5 15/01/2018 10 0.65 0 -200,000


Options Khersonski, Kristina 5 15/11/2017 50 0.14 200,000 200,000


Options Khersonski, Kristina 5 15/01/2018 51 0.14 0 -200,000

Heron Resources Limited

Common Shares Castlelake, L.P. 3 13/12/2017 37 4,585,612 -41,270,504

Holloway Lodging Corporation

Convertible Debentures HLC.DB.A 7.50% due Sep 30, 2018

Clarke Inc. 3 11/01/2018 10 100.5 $6,450,000 -$5,000

Hudbay Minerals Inc. (formerly HudBay Minerals Inc.)

Rights Share Units Banducci, Carol 4 15/01/2018 56 11,423 3,384


Rights Share Units Gonzales, Igor 4 15/01/2018 56 43,854 1,692


Rights Share Units Goodman, Thomas Andrew

4 15/01/2018 56 51,691 1,692

Insider Reporting

January 25, 2018

(2018), 41 OSCB 882


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Rights Share Units Hibben, Alan Roy 4 15/01/2018 56 186,710 7,212


Rights Share Units HOLMES, WILLIAM WARREN

4 15/01/2018 56 235,983 1,692


Rights Share Units Kavanagh, Sarah Baldwin

4 15/01/2018 56 43,854 1,692


Rights Share Units Knickel, Carin Shirley 4 15/01/2018 56 68,923 4,314


Rights Share Units Lenczner, Alan John 4 15/01/2018 56 69,616 1,692


Rights Share Units Oke, Mary-Lynn Ida 5 31/12/2017 30 83,112 227


Rights Share Units Oke, Mary-Lynn Ida 5 12/01/2018 59 11.74 0 -83,112


Rights Share Units Stowe, Kenneth George

4 15/01/2018 56 59,500 1,692

Hudson's Bay Company Common Shares Baker, Robert C. 4 18/01/2018 10 11.715 300,000 -67,844

Hudson's Bay Company Common Shares Baker, Robert C. 4 17/01/2018 47 1,000,000 1,000,000

Hudson's Bay Company Common Shares Baker, Robert C. 4 17/01/2018 47 4,259,295 -1,000,000

Hudson's Bay Company Common Shares L&T B (Cayman) Inc. 3 18/01/2018 10 11.715 300,000 -67,844

Hudson's Bay Company Common Shares L&T B (Cayman) Inc. 3 17/01/2018 47 1,000,000 1,000,000

Hudson's Bay Company Common Shares L&T B (Cayman) Inc. 3 17/01/2018 47 4,259,295 -1,000,000

Hudson's Bay Company Common Shares Mack, William Lawrence

4 18/01/2018 10 11.715 300,000 -67,844

HUSKY ENERGY INC. Performance Share Units Gardner, David A 2 28/12/2017 38 84,384 -2,352

Hydrogenics Corporation

Deferred Share Units Alexander, Douglas Stewart

4 19/01/2018 56 61,960 980


Deferred Share Units Cardiff, Michael 4 19/01/2018 56 29,066 367


Deferred Share Units Elford, Sara 4 19/01/2018 56 8,012 1,084


Deferred Share Units Ferguson, David Cadwell

4 19/01/2018 56 9,789 612


Deferred Share Units LOWRY, Donald James

4 19/01/2018 56 17,120 938

Icon Exploration Inc. Options Fia, Roberto 3, 4, 5 09/01/2018 50 0.3 1,341,583 800,000

Ikkuma Resources Corp.

Common Shares Benders, Kimberley Eve

5 31/10/2017 30 0.6 95,403 4,000



5 24/11/2017 30 0.53 99,927 4,524



5 22/12/2017 30 0.47 104,983 5,056


Options Benders, Kimberley Eve

5 18/01/2018 50 507,000 300,000


Options Dales, Robert John 4 18/01/2018 50 207,000 25,000


Common Shares de Freitas, Timothy 4, 5 31/10/2017 30 0.6 442,013 5,222






Options de Freitas, Timothy 4, 5 18/01/2018 50 1,225,000 350,000


Options Else, Dorothy Joan 4 18/01/2018 50 485,000 25,000


Common Shares Feltham, Gregory Ronald

5 31/10/2017 30 0.6 358,372 4,444

Insider Reporting

January 25, 2018

(2018), 41 OSCB 883


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



5 24/11/2017 30 0.53 363,399 5,027



5 22/12/2017 30 0.47 369,017 5,618


Options Feltham, Gregory Ronald

5 18/01/2018 50 710,000 200,000


Options Gamba, Charle 4 18/01/2018 50 207,000 25,000


Options Guinan, William Charles

4, 5 18/01/2018 50 207,000 25,000


Options Kohut, Michael G 4 16/01/2018 50 0.38 207,000 25,000


Common Shares McLeod, Yvonne Margarita

5 31/10/2017 30 0.6 333,364 3,055



5 24/11/2017 30 0.53 336,820 3,456



5 22/12/2017 30 0.47 340,682 3,862


Options McLeod, Yvonne Margarita

5 18/01/2018 50 710,000 200,000


Options Rowe, James Richmond

5 18/01/2018 50 710,000 278,000


Common Shares Van de Pol, John 5 15/01/2018 00


Common Shares Van de Pol, John 5 18/01/2018 10 0.3926 117,000 117,000


Common Shares Van de Pol, John 5 19/01/2018 10 0.39 160,500 43,500


Options Van de Pol, John 5 15/01/2018 00


Options Van de Pol, John 5 18/01/2018 50 400,000 400,000

Imagin Medical Inc. Common Shares Atlas, Robin Arlene 4 18/01/2018 36 0.09 340,612 314,612

Imagin Medical Inc. Common Shares Atlas, Robin Arlene 4 18/01/2018 54 0.12 -314,612

Imagin Medical Inc. Common Shares Atlas, Robin Arlene 4 18/01/2018 54 0.12 -314,612




Imagin Medical Inc. Common Shares Atlas, Robin Arlene 4 18/01/2018 10 0.25 1,055,224 150,000

Imagin Medical Inc. Options Atlas, Robin Arlene 4 09/02/2016 50 0.15 200,000

Imagin Medical Inc. Options Atlas, Robin Arlene 4 09/02/2016 50 0.15 150,000 150,000

Imagin Medical Inc. Options Atlas, Robin Arlene 4 28/11/2017 50 0.25 400,000 150,000

Imagin Medical Inc. Options Atlas, Robin Arlene 4 18/01/2018 51 0.15 250,000 -150,000

Imagin Medical Inc. Options Atlas, Robin Arlene 4 18/01/2018 51 0.19 150,000 -100,000

Imagin Medical Inc. Options Atlas, Robin Arlene 4 18/01/2018 51 0.25 0 -150,000

Imagin Medical Inc. Warrants Atlas, Robin Arlene 4 09/02/2016 00

Imagin Medical Inc. Warrants Atlas, Robin Arlene 4 18/01/2018 36 314,612 314,612

Imagin Medical Inc. Warrants Atlas, Robin Arlene 4 18/01/2018 54 0.12 0 -314,612

Imagin Medical Inc. Options Vacha, John Francis 5 02/01/2018 00 200,000

Immunovaccine Inc. Common Shares Ors, Frederic 4 12/01/2018 10 2.17 306,600 5,300

Imperial Metals Corporation

Common Shares COLWILL, SHEILA 5 15/01/2018 30 2.96 50,857 844


Common Shares COLWILL, SHEILA 5 15/01/2018 30 2.39 51,904 1,047


Common Shares Deepwell, Andre Henry 5 15/01/2018 30 2.96 276,723 1,500


Common Shares Deepwell, Andre Henry 5 15/01/2018 30 2.39 278,581 1,858


Common Shares KYNOCH, J. BRIAN 4, 5 15/01/2018 30 2.96 1,288,186 1,775


Common Shares KYNOCH, J. BRIAN 4, 5 15/01/2018 30 2.39 1,290,386 2,200


Common Shares Parsons, Donald Frazer

5 15/01/2018 30 2.96 161,938 1,516

Insider Reporting

January 25, 2018

(2018), 41 OSCB 884


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Common Shares Parsons, Donald Frazer

5 15/01/2018 30 2.39 163,815 1,877

Indiva Limited Common Shares Benloulou, Olivier Robert Francis

3 04/01/2018 10 1.16 8,788,600 -11,400


3 04/01/2018 10 1.151 8,740,000 -48,600


3 04/01/2018 10 1.2 8,721,000 -19,000


3 16/01/2018 10 1.2585 8,661,000 -60,000


3 17/01/2018 10 1.25 8,636,000 -25,000


3 18/01/2018 10 1.251 8,624,800 -11,200

Indiva Limited Options Caamano, Daniel 4 14/01/2018 38 0 -106,443

Indiva Limited Options Caamano, Daniel 4 14/01/2018 50 4,586 4,586

Indiva Limited Options Caamano, Daniel 4 14/01/2018 50 9,734 5,148

Infinite Lithium Corp. Common Shares Masters, John Parker 4, 5 22/12/2017 16 0.12 80,000 80,000

Infinite Lithium Corp. Options Masters, John Parker 4, 5 17/01/2018 52 205,000 -155,000

Infinite Lithium Corp. Warrants Masters, John Parker 4, 5 22/12/2017 16 0.2 105,000 80,000

Infinite Lithium Corp. Warrants Masters, John Parker 4, 5 17/01/2018 55 80,000 -25,000

Information Services Corporation

Rights Deferred Share Units

Brooks, Karyn Anne 4 15/01/2018 56 18.7 3,119 32



Christiansen, Tom 4 15/01/2018 56 18.7 6,756 69



Emsley, Doug 4 15/01/2018 56 18.7 6,756 69



Guglielmin, Anthony Robert

4 15/01/2018 56 18.7 6,756 69



Musgrave, Scott 4 15/01/2018 56 18.7 6,756 69



Ouellette, Michelle Jessie Virginia

4 15/01/2018 56 18.7 6,756 69



Pourian, Iraj 4 15/01/2018 56 18.7 3,119 32



Tchorzewski, Dion Edwin

4 15/01/2018 56 18.7 6,756 69



Teal, Joel Douglas 4 15/01/2018 56 18.7 11,299 116

InMed Pharmaceuticals Inc.

Common Shares Cutler, Adam 4 12/01/2018 10 1.3629 100,000 -212,500


Common Shares Mancini, Alexandra Diane Janet

5 15/01/2018 10 1.49 4,700 -1,000


Common Shares Mancini, Alexandra Diane Janet

5 16/01/2018 10 1.6285 0 -4,700

Input Capital Corp. Rights Deferred Share Units

Brown, David 4 15/01/2018 56 1.53 199,630 1,064


Budreski, John Philip Adrian

4 15/01/2018 56 1.53 85,277 345

Input Capital Corp. Common Shares Hepworth, Lorne 4 15/01/2018 10 1.54 93,500 -6,500

Input Capital Corp. Common Shares Hepworth, Lorne 4 15/01/2018 10 1.53 90,000 -3,500


Hepworth, Lorne 4 15/01/2018 56 1.53 179,154 955

Input Capital Corp. Common Shares Input Capital Corp. 1 09/01/2018 38 0 -118,200


Laidley, David Howard 4 15/01/2018 56 1.53 199,630 1,064

Intact Financial Corporation

Common Shares Barbeau, Patrick 5 10/01/2018 57 103.31 6,450 332


Stock Incentives Barbeau, Patrick 5 10/01/2018 57 103.31 1,680 -711


Common Shares Cote, Sonya 5 10/01/2018 57 103.31 1,783 112


Stock Incentives Cote, Sonya 5 10/01/2018 57 103.31 736 -239

Insider Reporting

January 25, 2018

(2018), 41 OSCB 885


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Deferred Share Units for Directors

Crispin, Robert William 4 15/01/2018 46 102.6 11,467 249



De Silva, Janet 4 15/01/2018 46 102.6 3,972 478


Common Shares Desautels, Jean-François

5 10/01/2018 57 103.31 4,145 332


Stock Incentives Desautels, Jean-François

5 10/01/2018 57 103.31 1,351 -711


Common Shares Dionne, Michel 5 10/01/2018 57 103.31 5,278 135


Stock Incentives Dionne, Michel 5 10/01/2018 57 103.31 482 -289



Dussault, Claude 4, 5 15/01/2018 46 102.6 10,614 524


Common Shares Fortin, Anne 5 10/01/2018 57 103.31 4,173 222


Stock Incentives Fortin, Anne 5 10/01/2018 57 103.31 1,015 -476



Leary, Robert 4 15/01/2018 46 102.6 5,187 487


Common Shares Lessard, Alain 5 10/01/2018 57 103.31 8,211 398


Stock Incentives Lessard, Alain 5 10/01/2018 57 103.31 1,492 -852


Common Shares Martel, Lucie 5 10/01/2018 57 103.31 3,041 378


Stock Incentives Martel, Lucie 5 10/01/2018 57 103.31 1,458 -810



Mercier, Eileen Ann 4 15/01/2018 46 102.6 15,907 280


Common Shares Muehlemann, Werner 5 10/01/2018 57 103.31 7,291 372


Stock Incentives Muehlemann, Werner 5 10/01/2018 57 103.31 667 -796



Paquette, Sylvie 4 15/01/2018 46 102.6 1,310 487


Common Shares Penner, Timothy Herbert

4 15/01/2018 46 102.21 17,196 225


Common Shares roy, louise 4 15/01/2018 46 102.21 5,136 170



Singer, Frederick Glenn Ian

4 15/01/2018 46 102.6 9,494 487


Common Shares Snyder, Stephen Gregory

4 15/01/2018 46 102.21 45,974 243


Common Shares Stephenson, Carol M. 4 15/01/2018 46 102.21 6,193 161


Common Shares Taschereau, Richard 5 10/01/2018 57 103.31 1,829 129


Stock Incentives Taschereau, Richard 5 10/01/2018 57 103.31 551 -277


Common Shares Tremblay, David 5 10/01/2018 57 103.31 8,784 290


Stock Incentives Tremblay, David 5 10/01/2018 57 103.31 1,013 -622

Integra Resources Corp. (formerly, Mag Copper Limited)

Common Shares Salamis, George 4, 5 16/01/2018 10 1.24 3,071,251 5,000

INTEGRATED ASSET MANAGEMENT CORP.

Common Shares Felkai, Tom 8 11/01/2018 30 0.9 220,000 20,000

INTEGRATED ASSET MANAGEMENT CORP.

Options Felkai, Tom 8 10/01/2018 30 0.9 50,000 -20,000

Inter Pipeline Ltd. Common Shares Chappell, David Michael

5 15/01/2018 10 25.888 12,150 5,800

Inter Pipeline Ltd. Common Shares Keinick, Duane 4 17/01/2018 10 25.65 1,650 300

Inter Pipeline Ltd. Common Shares Keinick, Duane 4 17/01/2018 10 25.65 7,950 320

Inter Pipeline Ltd. Common Shares Love, Alison Taylor 4 15/01/2018 10 25.93 18,636 1,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 886


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Inter Pipeline Ltd. Common Shares Shaw, Richard A. 4 31/12/2017 30 26.601 1,194 66

Inter Pipeline Ltd. Common Shares Shaw, Richard A. 4 31/12/2017 30 26.601 3,373 195

Inter Pipeline Ltd. Common Shares Shaw, Richard A. 4 31/12/2017 30 26.601 21,000 1,243

Interfor Corporation Common Shares Kritsos, Xenia 5 31/12/2017 30 18.38 3,327 1,125

International Cannabrands Inc.

Common Shares Ruggieri, Antonio 4 09/01/2018 10 30,000


Common Shares Ruggieri, Antonio 4 09/01/2018 10 5,620,000 -30,000


Common Shares Ruggieri, Antonio 4 10/01/2018 10 80,000


Common Shares Ruggieri, Antonio 4 10/01/2018 10 5,540,000 -80,000

Internet of Things Inc. (formerly HTN Inc.)

Common Shares Frank, Michael 4, 5 05/01/2017 36 0.125 3,685,000 150,000


Convertible Debentures Frank, Michael 4, 5 05/01/2017 36 0.125 $0 -$15,000


Warrants Frank, Michael 4, 5 14/05/2015 00


Warrants Frank, Michael 4, 5 05/01/2017 36 150,000 150,000

Intouch Insight Ltd. Common Shares Watt, Cameron James 5 19/01/2018 90 0.65 179,905 8,461

Intouch Insight Ltd. Common Shares Watt, Cameron James 5 19/01/2018 90 0.65 1,368,795 -8,461

Inventronics Limited Common Shares MONETTE, SERGE 3 12/01/2018 10 0.205 458,500 -2,000

Invictus MD Strategies Corp.

Common Shares DIXON, Brenda Mae 3, 5 10/01/2018 11 8,400,000 -1,600,000


Options DIXON, Brenda Mae 3, 5 25/04/2017 00


Options DIXON, Brenda Mae 3, 5 13/06/2017 50 1.48 150,000 150,000


Warrants DIXON, Brenda Mae 3, 5 25/10/2017 55 1,000,000 -500,000


Warrants DIXON, Brenda Mae 3, 5 28/11/2017 11 1,500,000 500,000


Warrants DIXON, Brenda Mae 3, 5 28/11/2017 11 2,000,000 500,000


Warrants DIXON, Trevor Douglas

3, 4, 5 25/10/2017 55 1,000,000 -500,000



3, 4, 5 28/11/2017 11 500,000 -500,000



3, 4, 5 28/11/2017 11 0 -500,000

Jiminex Inc. Common Shares Lerner, Michael Ian 5 15/01/2018 10 0.03 5,025,000 10,000



Jiminex Inc. Common Shares McKenzie, Harvey 4 11/01/2018 10 0.025 108,000 58,000

Kaneh Bosm BioTechnology Inc.

Common Shares de jonge, rudy 4, 5 08/01/2018 10 0.425 2,361,901 -12,500








Common Shares de jonge, rudy 4, 5 10/01/2018 10 0.47 2,313,901 -500





Kelt Exploration Ltd. Common Shares Greenall, Geraldine Louise

4 18/01/2018 10 7.6 1,500 1,500

Kelt Exploration Ltd. Common Shares MacArthur, Douglas Owen

5 15/01/2018 51 6.47 755,433 50,000

Kelt Exploration Ltd. Common Shares MacArthur, Douglas Owen

5 15/01/2018 10 7.74 705,433 -50,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 887


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Kelt Exploration Ltd. Options MacArthur, Douglas Owen

5 15/01/2018 51 6.47 421,000 -50,000

Kerr Mines Inc. Options Al Tamimi, Fahad Mohammed

4, 5 12/01/2018 50 1,500,000 1,000,000

Kerr Mines Inc. Options Ciavarella, Claudio 3, 4, 5 12/01/2018 50 3,500,000 1,000,000

KHAN RESOURCES INC.

Common Shares Henderson, Marc Charles

4, 5 12/01/2018 10 17.5 3,650,000 -100,000

Kingsway Financial Services Inc.

Common Shares Baqar, Hassan Raza 5 12/01/2018 10 5.2901 36,996 190


Common Shares Fitzgerald, John Taylor Maloney Fitzgerald

4, 5 12/01/2018 10 5.2901 369,453 314


Common Shares Hickey, William A. 5 12/01/2018 10 5.2901 74,530 282


Common Shares Swets, Jr., Larry Gene 3, 4, 5 12/01/2018 10 5.2901 707,133 394

Knight Therapeutics Inc. Common Shares Sakhia, Samira 4, 5 15/12/2017 30 7.64 19,799 793

KP Tissue Inc. Common Shares Holbrook, Mark Kenneth

7, 5 15/01/2018 30 13.5 2,457 31

KP Tissue Inc. Rights to acquire common shares pursuant to Exchange Agreement

Kruger II, Joseph 3, 6, 7 15/01/2018 56 48,780,878 323,052

KP Tissue Inc. Rights to acquire common shares pursuant to Exchange Agreement

Kruger Inc. 3 15/01/2018 56 48,780,878 323,052

KWG Resources Inc. Subordinate Voting Shares

Smeenk, Frank Cornelius

4, 5 16/01/2018 11 0.02 8,923,446 -6,000,000

Largo Resources Ltd. Common Shares Campbell, Robert Anderson

5 17/01/2018 51 0.455 476,862 458,333

Largo Resources Ltd. Options Campbell, Robert Anderson

5 17/01/2018 51 0.455 983,524 -458,333

LAURENTIAN BANK OF CANADA

Unités d'actions de performance différées-UAPD / DPSUs

Allidina, Azmina 7 10/01/2018 56 56.4 3,158



Allidina, Azmina 7 10/01/2018 56 56.4 5,893 2,898



Bergeron, Louise 5 10/01/2018 56 56.4 1,105



Bergeron, Louise 5 10/01/2018 56 56.4 3,306 969



Bergeron, Pierre-Étienne

5 10/01/2018 56 56.4 3,308



Bergeron, Pierre-Étienne

5 10/01/2018 56 56.4 7,170 3,036



Blais, Liliane 5 10/01/2018 56 56.4 2,016



Blais, Liliane 5 10/01/2018 56 56.4 7,417 1,819



Cuillerier, Mathieu 5 10/01/2018 56 56.4 1,865



Cuillerier, Mathieu 5 10/01/2018 56 56.4 1,682 1,682



Daneau, Suzanne 5 10/01/2018 56 56.4 1,224



Daneau, Suzanne 5 10/01/2018 56 56.4 1,073 1,073

Insider Reporting

January 25, 2018

(2018), 41 OSCB 888


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Unités actions performance-UAP/Performance Share Units-PSUs

De Broux, Christian 5 10/01/2018 56 56.4 4,320



De Broux, Christian 5 10/01/2018 56 56.4 6,818 3,990



Desjardins, François 4, 5 10/01/2018 56 56.4 45,101



Desjardins, François 4, 5 10/01/2018 56 56.4 42,664 42,664



Gagné, Julie 5 10/01/2018 56 56.4 2,918



Gagné, Julie 5 10/01/2018 56 56.4 6,832 2,678



King, Donald Fisher 7 10/01/2018 56 56.4 3,135



King, Donald Fisher 7 10/01/2018 56 56.4 4,855 2,878



Kudzman, Susan 5 10/01/2018 56 56.4 11,817



Kudzman, Susan 5 10/01/2018 56 56.4 11,267 11,267



LAFRESNAYE, DIANE 7 10/01/2018 56 56.4 3,084



LAFRESNAYE, DIANE 7 10/01/2018 56 56.4 8,725 2,830



Laurin, François 5 10/01/2018 56 56.4 11,818



Laurin, François 5 10/01/2018 56 56.4 30,725 11,268



Marcoux, Christian 5 10/01/2018 56 56.4 2,260



Marcoux, Christian 5 10/01/2018 56 56.4 2,039 2,039



Migliara, Antonino 5 10/01/2018 56 56.4 3,333



Migliara, Antonino 5 10/01/2018 56 56.4 7,945 3,059



O'Neill, David 7 10/01/2018 56 56.4 4,791



O'Neill, David 7 10/01/2018 56 56.4 9,907 4,425



Pilote, Diane 5 10/01/2018 56 56.4 4,664

Insider Reporting

January 25, 2018

(2018), 41 OSCB 889


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



Pilote, Diane 5 10/01/2018 56 56.4 4,307



Pilote, Diane 5 10/01/2018 56 56.4 8,533 4,308



Pinsonneault, Denis 5 10/01/2018 56 56.4 3,398



Pinsonneault, Denis 5 10/01/2018 56 56.4 7,344 3,119



Provost, Éric 5 10/01/2018 56 56.4 5,272



Provost, Éric 5 10/01/2018 56 56.4 9,410 4,869



Rose, Deborah 5 10/01/2018 56 56.4 16,915



Rose, Deborah 5 10/01/2018 56 56.4 45,538 15,638



Stamadianos, Eva 5 10/01/2018 56 56.4 4,782



Stamadianos, Eva 5 10/01/2018 56 56.4 12,915 4,416



Therrien, Stéphane 5 10/01/2018 56 56.4 19,264



Therrien, Stéphane 5 10/01/2018 56 56.4 43,753 17,810

LexaGene Holdings Inc. (formerly, Wolfeye Resource Corp.)

Common Shares Rebeck, Daryl 4 17/01/2018 10 1.02 5,243,329 10,000

Lithium Americas Corp. Rights Rights (DSU) Cohn, Gary Michael 4 10/01/2018 56 41,184

Lithium Americas Corp. Rights Rights (DSU) Cohn, Gary Michael 4 16/01/2018 56 41,612 41,184

Lithium Americas Corp. Rights Deferred Share Units

Evans, Jonathan David 4 07/06/2017 00


Evans, Jonathan David 4 16/01/2018 56 19,609 19,609


Fraser, Jean Margaret 4 27/11/2017 00


Fraser, Jean Margaret 4 16/01/2018 56 7,609 7,609


Ireland, George R. 4, 6 13/11/2015 00


Ireland, George R. 4, 6 16/01/2018 56 46,954 46,954


Kovavisarach, Chaiwat 4 14/07/2017 00


Kovavisarach, Chaiwat 4 16/01/2018 56 19,957 19,957


Wang, Xiaoshen 4 07/06/2017 00


Wang, Xiaoshen 4 16/01/2018 56 25,873 25,873

Lithium X Energy Corp. Common Shares Kaloti, Jasvir Kaur 5 15/01/2018 10 2.4303 152,000 -30,000

Lithium X Energy Corp. Common Shares Kaloti, Jasvir Kaur 5 16/01/2018 10 2.4364 97,000 -55,000

Lithium X Energy Corp. Common Shares Matysek, Paul Frank 4, 5 15/01/2018 51 0.15 331,606 271,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 890


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



Lithium X Energy Corp. Common Shares Matysek, Paul Frank 4, 5 15/01/2018 51 1.62 1,231,606 250,000

Lithium X Energy Corp. Common Shares Matysek, Paul Frank 4, 5 15/01/2018 51 1.9 1,531,606 300,000

Lithium X Energy Corp. Common Shares Matysek, Paul Frank 4, 5 18/01/2018 10 2.4304 966,306 -565,300

Lithium X Energy Corp. Common Shares Matysek, Paul Frank 4, 5 19/01/2018 10 2.4216 873,306 -93,000

Lithium X Energy Corp. Options Matysek, Paul Frank 4, 5 15/01/2018 51 0.15 1,200,000 -271,000

Lithium X Energy Corp. Options Matysek, Paul Frank 4, 5 15/01/2018 51 0.45 800,000 -400,000



Lithium X Energy Corp. Options Matysek, Paul Frank 4, 5 15/01/2018 51 1.9 0 -300,000

Lithium X Energy Corp. Common Shares Morales, Eduardo 5 18/01/2018 51 1.62 337,300 275,000

Lithium X Energy Corp. Common Shares Morales, Eduardo 5 18/01/2018 51 1.9 437,300 100,000

Lithium X Energy Corp. Options Morales, Eduardo 5 18/01/2018 51 1.9 325,000 -275,000

Lithium X Energy Corp. Options Morales, Eduardo 5 18/01/2018 51 1.9 225,000 -100,000

Lithium X Energy Corp. Common Shares Paes-Braga, Brian Alexander

3, 4, 5 15/01/2018 51 0.15 3,391,000 271,000


3, 4, 5 15/01/2018 51 0.45 3,691,000 300,000


3, 4, 5 15/01/2018 51 1.12 3,941,000 250,000


3, 4, 5 15/01/2018 51 1.62 4,154,820 213,820


3, 4, 5 15/01/2018 51 1.9 4,404,820 250,000


3, 4, 5 15/01/2018 10 2.4489 4,290,920 -113,900


3, 4, 5 16/01/2018 10 2.4365 4,283,120 -7,800


3, 4, 5 17/01/2018 10 2.4112 3,923,120 -360,000


3, 4, 5 18/01/2018 10 2.4236 3,703,120 -220,000

Lithium X Energy Corp. Options Paes-Braga, Brian Alexander

3, 4, 5 15/01/2018 51 0.15 1,013,820 -271,000


3, 4, 5 15/01/2018 51 0.45 713,820 -300,000


3, 4, 5 15/01/2018 51 1.12 463,820 -250,000


3, 4, 5 15/01/2018 51 1.62 250,000 -213,820


3, 4, 5 15/01/2018 51 1.9 0 -250,000

Lithium X Energy Corp. Common Shares Randall, William 5 01/08/2017 00

Lithium X Energy Corp. Common Shares Randall, William 5 11/01/2018 51 0.83 300,000 300,000

Lithium X Energy Corp. Common Shares Randall, William 5 11/01/2018 51 150000 450,000 150,000

Lithium X Energy Corp. Common Shares Randall, William 5 11/01/2018 51 1.9 650,000 200,000

Lithium X Energy Corp. Common Shares Randall, William 5 11/01/2018 10 2.393 224,272 -425,728

Lithium X Energy Corp. Options Randall, William 5 11/01/2018 51 0.83 350,000 -300,000

Lithium X Energy Corp. Options Randall, William 5 11/01/2018 51 1.62 200,000 -150,000

Lithium X Energy Corp. Options Randall, William 5 11/01/2018 51 1.9 0 -200,000

Lotus Ventures Inc. Common Shares Mathiesen, Steve 4 15/01/2018 51 0.25 150,000 150,000

Lotus Ventures Inc. Common Shares Mathiesen, Steve 4 16/01/2018 10 0.64 224,000 -4,000









Insider Reporting

January 25, 2018

(2018), 41 OSCB 891


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed





Lotus Ventures Inc. Options Mathiesen, Steve 4 15/01/2018 51 0 -150,000

Madison Pacific Properties Inc.

Non-Voting Shares Class C

Heung, Raymond 3 16/01/2018 10 3.17 8,374,717 -9,800



Heung, Raymond 3 16/01/2018 10 3.235 8,371,117 -3,600



Heung, Raymond 3 16/01/2018 10 3.2 8,370,717 -400



Heung, Raymond 3 16/01/2018 10 3.12 8,364,717 -6,000



Heung, Raymond 3 16/01/2018 10 3.1 8,364,517 -200



Heung, Raymond 3 17/01/2018 10 3.16 8,361,917 -2,600



Heung, Raymond 3 17/01/2018 10 3.225 8,358,417 -3,500



Heung, Raymond 3 17/01/2018 10 3.15 8,356,717 -1,700



Heung, Raymond 3 17/01/2018 10 3.24 8,351,117 -5,600



Heung, Raymond 3 17/01/2018 10 3.2 8,349,517 -1,600

Magna International Inc. Common Shares Magna International Inc.

1 05/07/2017 38 -311,659


1 05/07/2017 38 311,659 -15,226


1 15/12/2017 38 176,418 -135,241

Manitou Gold Inc. Common Shares Murphy, Richard 4, 5 16/01/2018 47 0.15 2,405,000 -851,000

Manson Creek Resources Ltd.

Options Ebert, Shane William 4 16/01/2018 50 0.36 260,000 130,000


Options Jutras, Jean Pierre 4, 5 16/01/2018 50 0.36 560,000 280,000


Options McDowell, Cornell Dean

4 16/01/2018 50 0.36 260,000 130,000


Options O'Neill, Barbara Michele

5 16/01/2018 50 0.36 260,000 130,000

Manulife Financial Corporation

Common Shares Thomson, Warren A. 5 31/12/2017 30 26.382 38,456 296


Common Shares Thomson, Warren A. 5 31/12/2017 30 26.382 10,302 78


Deferred Share Units Webster, Lesley Daniels

4 31/12/2017 30 320


Deferred Share Units Webster, Lesley Daniels

4 31/12/2017 30 42,542 320

Maple Leaf Foods Inc. Common Shares Stephenson, Carol M. 4 15/01/2018 30 34.15 13,911 775

Marathon Gold Corporation

Common Shares Kemp, Julian 4 05/01/2018 51 0.52 210,000 110,000


Common Shares Kemp, Julian 4 05/01/2018 10 209,000 -1,000








Options Kemp, Julian 4 05/01/2018 51 651,500 -110,000

Marifil Mines Limited Common Shares Sweatman, Michael 4 15/01/2018 11 0.05 880,000 635,000

Matica Enterprises Inc. Common Shares Bouchard, Denis 4 15/01/2018 54 0.15 500,000 200,000

Matica Enterprises Inc. Warrants Bouchard, Denis 4 15/01/2018 54 0 -200,000

Matica Enterprises Inc. Common Shares Brown, George Andrew 4 15/01/2018 54 0.1 2,357,143 500,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 892


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Matica Enterprises Inc. Options Deol, Gurcharn 4 11/01/2018 51 0.42 300,000 -200,000

Matica Enterprises Inc. Options Deol, Gurcharn 4 11/01/2018 51 0.64 500,000 200,000

Matica Enterprises Inc. Options Deol, Gurcharn 4 11/01/2018 51 0.64 300,000 -200,000

Matica Enterprises Inc. Common Shares Ziger, Boris Ivan 4 10/01/2018 10 0.75 9,560,929 -269,000

MATRRIX Energy Technologies Inc.

Common Shares APEX INVESTMENT LIMITED PARTNERSHIP

3 21/11/2017 00 1,581,451

MATRRIX Energy Technologies Inc.

Common Shares SASKWORKS VENTURE FUND INC.

3 21/11/2017 00 19,337,723

MAYA GOLD & SILVER INC.

Common Shares Sofronis, Nikolaos 4 15/01/2018 10 0.63 8,014,945 50,000








Common Shares Swenden, Eric 4 17/06/2016 00




Common Shares Swenden, Eric 4 10/01/2018 54 0.35 144,642


Common Shares Swenden, Eric 4 10/01/2018 54 0.35 144,642




Common Shares Swenden, Eric 4 10/01/2018 54 0.35 144,642 144,642


Common Shares Swenden, Eric 4 10/01/2018 54 0.15 3,061,309 2,916,667


Common Shares Swenden, Eric 4 10/01/2018 54 0.2 6,907,463 3,846,154


Common Shares Swenden, Eric 4 10/01/2018 54 0.35 7,052,105 144,642


Common Shares Swenden, Eric 4 15/01/2018 54 0.2 3,846,154


Warrants Swenden, Eric 4 10/01/2018 54 0.35 1 -144,642


Warrants Swenden, Eric 4 10/01/2018 54 0.35 1 -144,642


Warrants Swenden, Eric 4 10/01/2018 54 0.15 3,846,154 -2,916,667


Warrants Swenden, Eric 4 10/01/2018 54 0.2 0 -3,846,154


Common Shares Taub, Robert 3, 4 16/01/2018 10 0.65 9,809,846 176,500





MCAN Mortgage Corporation

Common Shares Doré, Susan 4 05/01/2018 30 17.397 167,157 3,327


Common Shares Doré, Susan 4 05/01/2018 30 17.397 3,925 81


Common Shares Doré, Susan 4 05/01/2018 30 17.397 3,960 82


Deferred Share Units Jandrisits, William John 4, 7, 5 02/01/2018 30 17.79 58,991 1,202


Performance Deferred Share Units

Jandrisits, William John 4, 7, 5 02/01/2018 30 17.788 20,428 212



Jandrisits, William John 4, 7, 5 02/01/2018 30 17.788 20,637 209


Performance Share Units Jandrisits, William John 4, 7, 5 02/01/2018 30 17.788 63

Insider Reporting

January 25, 2018

(2018), 41 OSCB 893


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Performance Share Units Jandrisits, William John 4, 7, 5 02/01/2018 30 17.788 3,099 63


Restricted Share Units Jandrisits, William John 4, 7, 5 02/01/2018 30 260 12,793 260


Common Shares Patel, Dipti 5 02/01/2018 30 17.397 233 5


Performance Share Units Patel, Dipti 5 02/01/2018 30 17.788 5,793 47


Performance Share Units Patel, Dipti 5 02/01/2018 30 17.788 5,866 73


Restricted Share Units Patel, Dipti 5 02/01/2018 30 17.788 1,304 27



Pinto, Sylvia 5 02/01/2018 30 17.788 4,455 33



Pinto, Sylvia 5 02/01/2018 30 17.788 4,514 59


Restricted Share Units Pinto, Sylvia 5 02/01/2018 30 17.788 31


Restricted Share Units Pinto, Sylvia 5 02/01/2018 30 17.788 1,525 31


Common Shares Tyas, John 5 12/01/2018 90 0 -469


Common Shares Tyas, John 5 15/01/2018 90 2,565 469

Medical Facilities Corporation

Deferred Share Units Bellaire, David Ramsey 4 31/12/2017 30 13,632 837


Deferred Share Units Bellaire, David Ramsey 4 12/01/2018 56 14,848 1,216


Deferred Share Units Day-Linton, Marilynne 4 31/12/2017 30 30,149 1,933


Deferred Share Units Day-Linton, Marilynne 4 15/01/2018 56 32,017 1,868


Deferred Share Units Dineley, Stephen F. 4 31/12/2017 30 5,405 263


Deferred Share Units Dineley, Stephen F. 4 15/01/2018 56 6,699 1,294


Deferred Share Units Gerstein, Irving Russell 4 31/12/2017 30 11,569 707


Deferred Share Units Gerstein, Irving Russell 4 15/01/2018 56 12,694 1,125


Restricted Share Units Horrar, Robert Oreon 4, 5 31/12/2017 30 2,153 85


Deferred Share Units Lawr, Dale M. 4 31/12/2017 30 17,112 1,085


Deferred Share Units Lawr, Dale M. 4 15/01/2018 56 18,314 1,202


Deferred Share Units Lozon, Jeffrey Clifford 4 31/12/2017 30 6,985 407


Deferred Share Units Lozon, Jeffrey Clifford 4 15/01/2018 56 8,001 1,016


Restricted Share Units Murphy, Tyler Caldwell 5 31/12/2017 30 20,533 142


Restricted Share Units Rolfe, James Davis 5 31/12/2017 30 10,765 425


Deferred Share Units Shahim, Reza 4 31/12/2017 30 981 20


Deferred Share Units Shahim, Reza 4 12/01/2018 56 3,367 2,386

Melcor Developments Ltd.

Common Shares Brown, Robert 5 09/01/2018 00 5,366


Common Shares Brown, Robert 5 09/01/2018 00 30


Options Brown, Robert 5 09/01/2018 00 24,300


Common Shares Eggert, Daniel 5 09/01/2018 00 1,228

Insider Reporting

January 25, 2018

(2018), 41 OSCB 894


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Common Shares Eggert, Daniel 5 09/01/2018 00 700


Options Eggert, Daniel 5 09/01/2018 00 25,200


Common Shares Melton, Graeme 5 31/01/2017 90 14.33 19,461 -6,975


Common Shares Melton, Graeme 5 22/09/2017 10 15.35 18,881 -580








Common Shares Melton, Graeme 5 26/07/2016 00


Common Shares Melton, Graeme 5 31/01/2017 90 14.33 6,975 6,975


Common Shares Monson, Susan 5 09/01/2018 00 1,610


Options Monson, Susan 5 09/01/2018 00 25,800


Common Shares Pelletier, Guy 5 09/01/2018 00 55,962


Common Shares Pelletier, Guy 5 15/01/2018 90 15.25 55,042 -920


Common Shares Pelletier, Guy 5 09/01/2018 00 475




Common Shares Pelletier, Guy 5 15/01/2018 90 15.25 14,671 920




Options Pelletier, Guy 5 09/01/2018 00 37,500


Common Shares Thompson, Jarett 5 09/01/2018 00 19,109


Options Thompson, Jarett 5 09/01/2018 00 30,200

Melcor Real Estate Investment Trust

Trust Units Brown, Robert 6 09/01/2018 00 1,000


Trust Units Eggert, Daniel 6 09/01/2018 00 650


Trust Units Eggert, Daniel 6 09/01/2018 00 1,200


Trust Units Eggert, Daniel 6 09/01/2018 00 3,400


Trust Units Kirby, Frank Patrick 4 16/01/2018 10 8.52 40,000 12,000


Trust Units Melton, Graeme 6 29/06/2016 10 8.45 3,050 300


Trust Units Melton, Graeme 6 21/11/2017 10 8.8 2,500 -550


Trust Units Monson, Susan 6 09/01/2018 00 250


Trust Units Pelletier, Guy 6 09/01/2018 00 2,500


Trust Units Pelletier, Guy 6 09/01/2018 00 1,000


Trust Units Thompson, Jarett 6 09/01/2018 00 1,000


Trust Units Thompson, Jarett 6 09/01/2018 00 1,700


Trust Units Thompson, Jarett 6 09/01/2018 00 640

Insider Reporting

January 25, 2018

(2018), 41 OSCB 895


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Mercer International Inc. Common Shares Gandossi, David M. 4, 5 17/01/2018 10 14.361 163,714 -12,000

Mercer International Inc. Common Shares Lee, Jimmy S.H. 4, 5 16/01/2018 10 14.528 1,730,548 -10,000



Meryllion Resources Corporation

Common Shares Birkenshaw, David John

3 08/01/2018 10 0.0734 13,343,900 -505,000


Common Shares Grant, Alan 4 08/01/2018 10 0.09 3,429,000 -271,000













Metalla Royalty & Streaming Ltd.

Common Shares Tucker, E.B. 4 17/01/2018 10 0.5827 390,667 500

Metallic Minerals Corp. Options Thiessen, Tim 5 24/08/2017 50 0.3 650,000 200,000

Metanor Resources Inc. Common Shares Fontaine, Michel 4 09/01/2018 90 0.75 311,784 -33,532

Metanor Resources Inc. Common Shares Fontaine, Michel 4 18/01/2018 37 10,000 -301,784

Metanor Resources Inc. Common Shares Fontaine, Michel 4 18/01/2018 97 0 -20,000

Metanor Resources Inc. Common Shares Fontaine, Michel 4 05/12/2014 00

Metanor Resources Inc. Common Shares Fontaine, Michel 4 09/01/2018 90 0.75 33,532 33,532

Metanor Resources Inc. Options Fontaine, Michel 4 13/04/2017 37 20,000 -180,000

Metanor Resources Inc. Warrants Fontaine, Michel 4 13/04/2017 37 16,766 -150,892

Methanex Corporation Common Shares ABRARY, NOJAN 7 31/12/2017 30 27,941 1,514

Methanex Corporation Common Shares ABRARY, NOJAN 7 31/12/2017 30 27,963 22

Methanex Corporation Common Shares Cameron, Ian Peter 5 31/12/2017 30 24,428 1,172

Methanex Corporation Common Shares Chadee, Rudinauth 7 31/12/2017 30 7,816 691

Methanex Corporation Common Shares Floren, John 4, 5 31/12/2017 30 57,627 2,480

Methanex Corporation Common Shares Henderson, Kevin 5 31/12/2017 30 25,784 1,651

Methanex Corporation Common Shares Herz, Mike 7 31/12/2017 30 33,481 1,564

Methanex Corporation Common Shares James, Vanessa 7 31/12/2017 30 30,957 1,741

Methanex Corporation Common Shares LARRIVE, ALEJANDRO

7 31/12/2017 30 18,064 640

Methanex Corporation Common Shares MALONEY, KEVIN 5 31/12/2017 30 26,220 1,612

Methanex Corporation Common Shares MALONEY, KEVIN 5 31/12/2017 30 119

Methanex Corporation Common Shares MALONEY, KEVIN 5 31/12/2017 30 26,340 120

Methanex Corporation Common Shares Parra, Gustavo 7 31/12/2017 30 38,917 2,237

Methanex Corporation Common Shares Price, Kevin 5 31/12/2017 30 7,954 887

Methanex Corporation Common Shares RICHARDSON, DEAN 7 31/12/2017 30 11,678 327

Methanex Corporation Common Shares RICHARDSON, DEAN 7 31/12/2017 30 12,000 322

Methanex Corporation Common Shares Shindy, Mohamed 7 31/12/2017 30 4,702 1,173

Methanex Corporation Common Shares Shindy, Mohamed 7 31/12/2017 30 4,793 91

Methanex Corporation Common Shares Sumner, Rich 7, 5 31/12/2017 30 5,525 578

Methanex Corporation Common Shares Valembois, David 5 31/12/2017 30 5,790 628

Methanex Corporation Common Shares Wiggins, Wade 7, 5 31/12/2017 30 24,908 1,347

Metron Capital Corp. Common Shares Sangha, Gurminder Singh

4 15/04/2016 00

Metron Capital Corp. Common Shares Sangha, Gurminder Singh

4 15/04/2016 00 300,000

MGX Minerals Inc. Common Shares Bruner, Marc 4 12/12/2017 57 1,300,000 300,000

MGX Minerals Inc. Restricted Stock Units Bruner, Marc 4 12/12/2017 57 7,300,000 -300,000

MGX Minerals Inc. Common Shares Reimann, Michael Andrew

5 12/01/2018 10 1.2 1,085,500 -10,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 896


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

MGX Minerals Inc. Common Shares Reimann, Michael Andrew

5 12/01/2018 10 1.25 1,075,500 -10,000

Midas Gold Corp. Options Allred, Keith 4 04/01/2018 50 0.59 435,500 80,000

Midas Gold Corp. Options Mentzer, Andrew Jefferson

4 08/01/2018 00

Midas Gold Corp. Options Mentzer, Andrew Jefferson

4 08/01/2018 00 40,000

Middlefield Can-Global REIT Income Fund

Trust Units Middlefield Can-Global REIT Income Fund

1 11/01/2018 10 11.619 4,403,987 -26,700



1 15/01/2018 10 11.568 4,383,887 -20,100



1 16/01/2018 10 11.6 4,382,287 -1,600



1 18/01/2018 10 11.62 4,358,887 -23,400

Middlefield Healthcare & Life Sciences Dividend Fund

Trust Units Middlefield Healthcare & Life Sciences Dividend Fund

1 11/01/2018 38 9.5524 509,400 6,700



1 12/01/2018 38 9.6054 514,800 5,400



1 15/01/2018 38 9.6647 520,500 5,700



1 16/01/2018 38 9.7338 521,800 1,300



1 17/01/2018 38 9.7707 526,000 4,200



1 18/01/2018 38 9.795 530,000 4,000

Middlefield Healthcare & Wellness Dividend Fund

Trust Units Middlefield Healthcare & Wellness Dividend Fund

1 11/01/2018 38 9.6741 912,900 2,900



1 15/01/2018 38 9.87 913,200 300



1 16/01/2018 38 9.7969 914,800 1,600

Millennial Esports Corp. Options Igelman, Alex Abraham 4, 5 12/01/2018 50 4,750,000 750,000

Millennial Esports Corp. Options Igelman, Alex Abraham 4, 5 12/01/2018 50 5,000,000 250,000

Millennial Esports Corp. Options Morrison, Adam 5 12/01/2018 50 280,000 100,000

Millennial Esports Corp. Options Schorr, Seth 4 12/01/2018 50 750,000 250,000

Minco Gold Corporation Options Cai, Ken 4, 5 14/01/2018 52 0.46 1,390,000 -425,000

Minco Gold Corporation Options Callander, Robert M. 4 14/01/2018 52 0.46 550,000 -150,000

Minco Gold Corporation Options Clay, Malcolm Frank 4 14/01/2018 52 0.46 420,000 -125,000

Minco Gold Corporation Options Doggett, Michael David 4 14/01/2018 52 0.46 600,000 -125,000

Minco Gold Corporation Options Trevitt, Jennifer 5 14/01/2018 52 0.46 203,334 -30,000

Mineral Mountain Resources Ltd.

Common Shares Coughlan, Terrance Barry

4 16/01/2018 11 0.2 360,000 100,000



4 31/12/2014 00



4 18/01/2018 11 0.2 100,000 100,000


Warrants Coughlan, Terrance Barry

4 18/01/2018 53 0.35 360,000 100,000



4 31/12/2014 00



4 18/01/2018 53 0.35 100,000 100,000

MINT Income Fund Trust Units MINT Income Fund 1 11/01/2018 38 7.08 72,067,627 600

MINT Income Fund Trust Units MINT Income Fund 1 12/01/2018 38 7.0724 72,071,427 3,800


Insider Reporting

January 25, 2018

(2018), 41 OSCB 897


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


MINT Income Fund Trust Units MINT Income Fund 1 18/01/2018 10 7.1902 72,049,627 -25,200

Monarques Gold Corporation (formerly know as MONARQUES RESOURCES INC.)

Common Shares Lacoste, Jean-Marc 4, 5 11/01/2018 10 0.395 65,000 -65,000

Montero Mining and Exploration Ltd.

Common Shares Thomson, Andrew 4 17/01/2018 10 0.31 269,688 5,000









Morgan Resources Corp. (formerly, Gideon Capital Corp.)

Common Shares Kelly, Philip 4 31/12/2013 00


Common Shares Kelly, Philip 4 31/12/2013 00 500,000


Common Shares Kelly, Philip 4 15/09/2015 11 0.01 3,000,000 2,500,000


Options (Incentive Stock Options)

Kelly, Philip 4 31/12/2013 00


Options (Incentive Stock Options)

Kelly, Philip 4 01/08/2014 50 0.15 200,000 200,000

Morguard Corporation Common Shares Morguard Corporation 1 16/01/2018 38 180 334,643 334,643

Morguard Corporation Common Shares Morguard Corporation 1 16/01/2018 38 0 -334,643

Morguard Real Estate Investment Trust

Units Morguard Corporation 3 16/01/2018 10 13.95 8,128,573 73,270

MPX Bioceutical Corporation

Options Budd, Jeremy 5 15/01/2018 50 0.86 900,000 750,000


Options Chu, Jonathan 5 15/01/2018 50 0.86 1,000,000 500,000


Options Galvin, Robert R. 4 15/01/2018 50 0.86 750,000 500,000


Options McLaren, David 5 15/01/2018 00


Options McLaren, David 5 15/01/2018 50 0.86 1,000,000 1,000,000


Options Ryan, Andrew R. 4 15/01/2018 50 0.86 750,000 500,000


Options Segerbloom, Richard S.

4 15/01/2018 50 0.86 750,000 500,000


Options Stafford, Randall Glenn 4 15/01/2018 50 0.86 1,050,000 500,000


Options Thompson, Miles D. 4 15/01/2018 50 0.86 750,000 500,000

Namaste Technologies Inc. (formerly Next Gen Metals Inc.)

Common Shares Dollinger, Sean 4, 5 18/01/2018 51 4,817,990 1,800,000

Namaste Technologies Inc. (formerly Next Gen Metals Inc.)

Options Dollinger, Sean 4, 5 18/01/2018 51 500,000 -1,800,000

National Access Cannabis Corp. (formerly Brassneck Capital Corp.)

Common Shares Goliger, Mark 5 30/08/2017 00 650,000

National Access Cannabis Corp. (formerly Brassneck Capital Corp.)

Options Goliger, Mark 5 30/08/2017 00 750,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 898


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

National Bank of Canada

Common Shares Banque Nationale du Canada

1 15/01/2018 38 59.91 100,000 100,000



1 16/01/2018 38 60.1 300,000 200,000



1 16/01/2018 38 200,000 -100,000



1 17/01/2018 38 60.15 400,000 200,000



1 17/01/2018 38 200,000 -200,000



1 18/01/2018 38 60.29 395,800 195,800



1 18/01/2018 38 195,800 -200,000

Neo Lithium Corp. (formerly, POCML 3 Inc.)

Options Fornazzari, Paul 4, 5 13/01/2018 50 1,335,000 400,000


Options Karayannopoulos, Constantine Efthymios

4 13/01/2018 50 1,735,000 400,000


Options Perez, Waldo A. 4, 5 13/01/2018 50 2,125,000 600,000


Options Pindar, Ruben Gabriel 4, 5 13/01/2018 50 1,335,000 400,000


Options Pladsen, Thomas John 4 13/01/2018 50 1,335,000 400,000


Options Vicens, Carlos Ernesto 5 13/01/2018 50 1,235,000 400,000

Neovasc Inc. Common Shares Frost, Phillip 3 12/01/2018 10 14,721,838 -35,000




Nevada Copper Corp. Backstop Castlelake, L.P. 3 12/01/2018 00

Nevada Copper Corp. Backstop Castlelake, L.P. 3 12/01/2018 16 1 1

Nevada Copper Corp. Special Warrants Castlelake, L.P. 3 12/01/2018 00

Nevada Copper Corp. Special Warrants Castlelake, L.P. 3 12/01/2018 16 8,820,000

Nevada Copper Corp. Special Warrants Castlelake, L.P. 3 12/01/2018 16 8,820,000

Nevada Copper Corp. Special Warrants Castlelake, L.P. 3 12/01/2018 16 88,200,000 88,200,000

Nevada Copper Corp. Special Warrants Iorich, Vladimir 3 21/12/2017 16 102,800,000

Nevada Copper Corp. Special Warrants Iorich, Vladimir 3 21/12/2017 16 98,450,896 98,450,896

NexGen Energy Ltd. Common Shares Curyer, Leigh Robert 4, 5 17/01/2018 51 2.95 1,300,000 1,200,000

NexGen Energy Ltd. Common Shares Curyer, Leigh Robert 4, 5 17/01/2018 10 3.03 510,000 -790,000

NexGen Energy Ltd. Options Curyer, Leigh Robert 4, 5 17/01/2018 51 2.95 8,800,000 -1,200,000

NexGen Energy Ltd. Common Shares McFadden, Christopher Walter

4 17/01/2018 51 2.95 1,100,000 600,000

NexGen Energy Ltd. Common Shares McFadden, Christopher Walter

4 17/01/2018 10 710,000 -390,000

NexGen Energy Ltd. Options McFadden, Christopher Walter

4 17/01/2018 51 2.95 2,300,000 -600,000

NexGen Energy Ltd. Common Shares Parry, Craig Andrew 4 17/01/2018 51 2.95 479,715 300,000

NexGen Energy Ltd. Common Shares Parry, Craig Andrew 4 17/01/2018 10 3.03 284,715 -195,000

NexGen Energy Ltd. Options Parry, Craig Andrew 4 17/01/2018 51 2.95 2,100,000 -300,000

NexGen Energy Ltd. Common Shares Thiele, Trevor John 4 19/04/2013 00

NexGen Energy Ltd. Common Shares Thiele, Trevor John 4 17/01/2018 51 2.95 300,000 300,000

NexGen Energy Ltd. Common Shares Thiele, Trevor John 4 17/01/2018 10 3.03 105,000 -195,000

NexGen Energy Ltd. Options Thiele, Trevor John 4 17/01/2018 51 2.95 2,150,000 -300,000

NexJ Systems Inc. Options O'Donnell, John Paul 5 15/01/2018 00

NexJ Systems Inc. Options O'Donnell, John Paul 5 15/01/2018 50 150,000 150,000

Nicola Mining Inc. Common Shares Espig, Peter Edward 4 22/12/2017 10 0.18 7,276,962 -20,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 899


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Noble Mineral Exploration Inc.

Common Shares Singh, Randy Sahadeo Chandrika

5 18/01/2017 37 922,830 -2,174,993

Noble Mineral Exploration Inc.

Options Singh, Randy Sahadeo Chandrika

5 18/01/2017 37 200,000 -1,932,000

North American Energy Partners Inc.

Common Shares North American Energy Partners

1 05/12/2017 38 0 -43,000

North American Energy Partners Inc.

Common Shares North American Energy Partners

1 18/01/2018 10 6.29 177,000 177,000

Northern Empire Resources Corp.

Options Allen, Michael 4, 5 15/01/2018 50 1.16 1,033,333 300,000


Options Cardey, Darryl 4, 5 15/01/2018 50 1.16 416,666 150,000


Options Fleming, Adrian Wallace

4 15/01/2018 50 1.16 416,666 150,000


Options Forster, Shayla 5 15/01/2018 50 1.16 175,000 75,000


Options Histed, Richard 7 01/09/2017 00 100,000


Options Histed, Richard 7 15/01/2018 50 1.16 225,000 125,000


Options Hurst, Douglas 4 15/01/2018 50 1.16 616,666 250,000


Options Paterson, James R. 4 15/01/2018 50 1.16 416,666 150,000


Options Robins, John Edward 4, 5 15/01/2018 50 1.16 433,333 150,000


Options Santos, Paulo Alexandre

5 15/01/2018 00


Options Santos, Paulo Alexandre

5 15/01/2018 50 250,000 250,000


Options Stevens, Charles 7 01/07/2017 00 100,000


Options Stevens, Charles 7 15/01/2018 50 1.16 175,000 75,000


Options Sundar, Jeffrey Rohit 4 15/01/2018 50 1.16 416,666 150,000


Options Threlkeld, Raymond Wesley

4 18/10/2017 00 150,000


Options Threlkeld, Raymond Wesley

4 15/01/2018 50 1.16 350,000 200,000

Northern Graphite Corporation

Options Bowes, Gregory B. 4, 5 12/01/2018 50 1,650,000 100,000


Options Chmelauskas, Jay 4 11/01/2018 50 0.5 475,000 100,000


Options Christie, Donald Henry 4 11/01/2018 50 550,000 100,000


Options Little, Ron 4 11/01/2018 50 0.5 700,000 100,000


Options McNeice, John Darin 5 11/01/2018 00


Options McNeice, John Darin 5 12/01/2018 50 0.5 200,000 200,000


Options Scarr, Iain Colin 4 20/12/2017 52 0.85 550,000 100,000


Options Scarr, Iain Colin 4 12/01/2018 50 0.5 650,000 100,000

Northland Power Inc. Common Shares Gilmour, Barry Kenneth 4 31/12/2017 30 22.48 14,345 666

Northland Power Inc. Deferred Share Units (DSU)

Gilmour, Barry Kenneth 4 31/12/2017 30 22.506 24,991 806


Goodman, Russell Andrew

4 31/12/2017 30 22.506 11,451 464


Turner, John, Napier 4 31/12/2017 30 22.506 14,239 657

Nova Leap Health Corp. Options Hatfield, Dana Murray 4 12/01/2018 50 0.25 475,000 100,000

Nova Leap Health Corp. Options Jessome, Glenn 5 12/01/2018 50 280,000 35,000

Nova Leap Health Corp. Options Myles, R. Wayne 4 08/09/2017 00

Insider Reporting

January 25, 2018

(2018), 41 OSCB 900


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Nova Leap Health Corp. Options Myles, R. Wayne 4 12/01/2018 50 0.25 50,000 50,000

Nova Leap Health Corp. Options O'Keefe, Michael Austin

4 12/01/2018 50 0.25 295,000 50,000

Nova Leap Health Corp. Options Spidle, Megan Gail 5 27/10/2016 00

Nova Leap Health Corp. Options Spidle, Megan Gail 5 12/01/2018 50 0.25 250,000 250,000

NRG Metals Inc. Common Shares Dai, Alison Xiao Tian 4 22/12/2017 00

NRG Metals Inc. Options Dai, Alison Xiao Tian 4 22/12/2017 00

NRG Metals Inc. Warrants on placements Dai, Alison Xiao Tian 4 22/12/2017 00

Nutritional High International Inc. (formerly, Sonoma Capital Inc.)

Common Shares Tinajero, Andres 4 17/04/2017 00


Common Shares Tinajero, Andres 4 18/01/2018 51 200,000 200,000


Common Shares Tinajero, Andres 4 18/01/2018 10 0.57 0 -200,000


Options Tinajero, Andres 4 18/01/2018 51 0.57 -200,000


Options Tinajero, Andres 4 18/01/2018 51 200,000 -200,000

Nuuvera Inc. (formerly Mira IX Acquisition Corp.)

Options Taylor, Greg 5 08/01/2018 00 250,000

NUVISTA ENERGY LTD.

Common Shares Andreachuk, Ross Lloyd

5 30/06/2017 30 6.54 41,182 1,519

NUVISTA ENERGY LTD.


5 30/09/2017 30 6.52 42,704 1,522

NUVISTA ENERGY LTD.


5 31/12/2017 30 7.74 43,986 1,282

NUVISTA ENERGY LTD.

Common Shares Asman, Kevin Garth 5 30/06/2017 30 6.54 75,125 1,328

NUVISTA ENERGY LTD.


NUVISTA ENERGY LTD.


NUVISTA ENERGY LTD.

Common Shares Lawford, Michael 5 30/06/2017 30 6.54 70,139 1,521

NUVISTA ENERGY LTD.


NUVISTA ENERGY LTD.


NUVISTA ENERGY LTD.

Common Shares McDavid, Douglas Christopher

5 30/06/2017 30 6.54 84,663 1,519

NUVISTA ENERGY LTD.


5 30/09/2017 30 6.52 86,185 1,522

NUVISTA ENERGY LTD.


5 31/12/2017 30 7.74 87,467 1,282

NUVISTA ENERGY LTD.

Common Shares Paulgaard, Ryan Daniel

5 31/12/2017 30 7.65 80,072 186

NUVISTA ENERGY LTD.

Common Shares Truba, Joshua Thomas 5 30/06/2017 30 6.54 29,191 1,280

NUVISTA ENERGY LTD.


NUVISTA ENERGY LTD.


NUVISTA ENERGY LTD.

Common Shares Wright, Jonathan Andrew

5 30/06/2017 30 6.54 270,641 2,610

NUVISTA ENERGY LTD.


5 30/09/2017 30 6.52 273,256 2,615

Insider Reporting

January 25, 2018

(2018), 41 OSCB 901


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

NUVISTA ENERGY LTD.


5 31/12/2017 30 7.74 275,459 2,203

Obsidian Energy Ltd. Common Shares Brydson, John 4 19/01/2018 10 1.773 2,389,723 336,723

Olympia Financial Group Inc.

Common Shares Gillis, Andrea 5 03/01/2018 00 4,452

OneCap Investment Corporation

Common Shares Gosselin, Réjean 4, 5 17/01/2018 10 0.15 1,822,500 30,000

OneCap Investment Corporation

Common Shares Gosselin, Réjean 4, 5 19/01/2018 10 0.15 1,835,000 12,500

Orefinders Resources Inc.

Common Shares Millar, Paul 3 05/01/2018 00 10,636,364


Options Millar, Paul 3 05/01/2018 00


Options Millar, Paul 3 05/01/2018 50 300,000 300,000

Orezone Gold Corporation

Options Batt, Ronald 4 11/01/2018 50 0.81 975,000 200,000


Options Downey, Patrick 4 11/01/2018 50 0.81 1,925,000 100,000


Options Halvorson, Michael Henreid

4 11/01/2018 50 0.81 1,175,000 100,000


Options Marquis, Pascal 5 11/01/2018 50 0.81 1,550,000 100,000


Options McCoy, Joseph 5 11/01/2018 50 0.81 840,000 150,000


Options Ousseni, Derra 7 11/01/2018 50 0.81 395,000 60,000


Options Peck, Keith Lawrence 4 11/01/2018 50 0.81 1,675,000 100,000

Orsu Metals Corporation Common Shares Corra, Mark 4 11/01/2018 46 0.165 120,286 47,518

Orsu Metals Corporation Common Shares Pakhomov, Vladimir 4 18/05/2017 00

Orsu Metals Corporation Common Shares Pakhomov, Vladimir 4 11/01/2018 46 0.165 70,511 70,511

Orsu Metals Corporation Common Shares Rhodes, David John 4 11/01/2018 46 0.165 278,277 95,037

Orsu Metals Corporation Common Shares Tsesarenko, Denis 6 11/01/2017 00

Orsu Metals Corporation Common Shares Tsesarenko, Denis 6 11/01/2018 46 0.165 141,023 141,023

Osisko Mining Inc. (formerly Oban Mining Corporation)

Options Anderson, Patrick Fergus Neill

4 11/01/2018 50 3.46 695,834 150,000


Options Burzynski, John Feliks 4, 5 11/01/2018 50 3.46 2,914,500 500,000


Options Calderon, Bernardo Alvarez

4 11/01/2018 50 3.46 862,500 150,000


Options Christie, David William 4 11/01/2018 50 3.46 850,000 150,000


Options Drapack, Alexandra 5 11/01/2018 50 3.46 350,000 150,000


Options Hayes, John Philip 5 11/01/2018 50 3.46 800,000 175,000


Options John, William Murray 4 11/01/2018 50 3.46 725,000 175,000


Options Mance, Lili 5 11/01/2018 50 3.46 100,000 50,000


Options Marcotte, Alexandria 5 11/01/2018 50 3.46 250,000 150,000


Options McKay, Keith Douglas 4 11/01/2018 50 3.46 862,500 150,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 902


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Options Njegovan, Donald Robert

5 11/01/2018 50 3.46 700,000 150,000


Options Roosen, Sean 3, 4 11/01/2018 50 3.46 1,000,000 200,000


Options Satov, Amy Joy 4 11/01/2018 50 3.46 350,000 150,000


Options Savard, Mathieu 5 11/01/2018 50 3.46 350,000 150,000


Options Vizquerra, Jose 5 11/01/2018 50 3.46 1,373,400 300,000


Options Wares, Robert 4 11/01/2018 50 3.46 1,375,025 250,000


Options Wober, Gernot Erich 5 11/01/2018 50 3.46 852,500 150,000


Options Zaritsky, Blair David 5 11/01/2018 50 3.46 1,227,500 250,000

Otis Gold Corp. Common Shares Lee-Barber, Christopher Geoffrey

3 18/01/2018 10 0.225 17,900,000 100,000

PacRim Resources Ltd. Debentures Johnstone, William Roy 5 16/06/2003 00




Painted Pony Energy Ltd.

Options Fleming, Tonya Louise 5 31/12/2017 50 595,000 120,000


Options Hall, Bruce 5 31/12/2017 50 566,000 69,000


Options Hanbury, Edwin Stewart

5 31/12/2017 50 950,000 139,000


Options Jaggard, Stuart 1 31/12/2017 50 533,000 108,000


Options McNamara, Leo Barry 5 31/12/2017 50 841,000 120,000


Options REIMER, JAMES D. 5 31/12/2017 50 599,000 108,000


Options Ward, Patrick Russell 4, 5 31/12/2017 50 1,196,500 252,000

Pancontinental Gold Corporation (formerly, Pancontinental Uranium Corporation)

Common Shares Whalen, Donald Alexander

4 15/01/2018 10 0.06 4,597,000 10,000



4 17/01/2018 10 0.055 4,607,000 10,000



4 19/01/2018 10 0.05 4,612,000 5,000



4 19/01/2018 10 0.055 4,617,000 5,000

ParcelPal Technology Inc. (formerly Plus8 Global Ventures, Ltd.)

Common Shares Moreau, Jason Wayne 4 16/01/2018 10 0.55 1,607,222 -20,000

Parkland Fuel Corporation

Deferred Share Unit Plan Bechtold, John Frederick

4 31/12/2017 30 26.31 29,091 1,203


Deferred Share Unit Plan Colnett, Lisa 4 31/12/2017 30 26.31 13,254 524

Insider Reporting

January 25, 2018

(2018), 41 OSCB 903


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Common Shares Espey, Robert Berthold 5 31/12/2017 30 26.97 147,355 3,193


Restricted Common Shares

Espey, Robert Berthold 5 31/12/2017 30 26.31 54,872 2,117


Deferred Share Unit Plan Hogarth, Timothy 4 31/12/2017 30 26.31 9,012 341


Common Shares Pantelidis, James 4 31/12/2017 30 26.97 214,854 5,418


Deferred Share Unit Plan Pantelidis, James 4 31/12/2017 30 26.31 82,676 3,452


Common Shares PILLA, DOMENICO 4 31/12/2017 30 26.31 5,491 230


Deferred Share Unit Plan PILLA, DOMENICO 4 31/12/2017 30 26.31 14,491 530


Deferred Share Unit Plan Richardson, Steven P. 4 31/12/2017 30 26.31 2,184 9


Common Shares Spencer, David 4 31/12/2017 30 26.97 14,042 234


Deferred Share Unit Plan Spencer, David 4 31/12/2017 30 26.31 29,091 1,202


Deferred Share Unit Plan Stein, Deborah Susan 4 31/12/2017 30 26.31 6,088 217

Partners Real Estate Investment Trust

Convertible Debentures Kimberley, Allan Scott 4 17/01/2018 36 $0 -$22,000

Partners Real Estate Investment Trust

Units Nyilassy, Simon 4 31/12/2017 30 3.09 64,437 3,061

Pathfinder Income Fund Trust Units Pathfinder Convertible Debenture Fund

1 11/01/2018 10 8.58 10,277,288 -2,000


1 12/01/2018 10 8.5359 10,266,488 -10,800


1 15/01/2018 10 8.5607 10,260,888 -5,600

Pearl River Holdings Limited

Common Shares Bell, Rodney Peter 4, 5 26/06/1997 00 1,750,633


Options Bell, Rodney Peter 4, 5 26/06/1997 00


Options Bell, Rodney Peter 4, 5 26/06/1997 00


Options Bell, Rodney Peter 4, 5 11/05/2017 50 500,000 500,000


Options filer, james 4 18/11/2002 00


Options filer, james 4 11/05/2017 50 500,000 500,000

Peat Resources Limited Common Shares Cachia, Michael Patrick 4 21/10/2015 00


Peat Resources Limited Common Shares Cachia, Michael Patrick 4 10/01/2018 16 0.05 200,000 200,000


Peat Resources Limited Common Shares Cachia, Michael Patrick 4 17/11/2015 16 0.01 1,000,000 1,000,000

Peat Resources Limited Options Cachia, Michael Patrick 4 21/10/2015 00

Peat Resources Limited Options Cachia, Michael Patrick 4 02/02/2016 50 0.05 1,000,000 1,000,000

Peat Resources Limited Common Shares White, William Fredrick 3 15/01/2018 00 800,000

Peat Resources Limited Common Shares White, William Fredrick 3 15/01/2018 00

Peat Resources Limited Common Shares White, William Fredrick 3 15/01/2018 00

Peat Resources Limited Common Shares White, William Fredrick 3 15/01/2018 00 6,981,390

Peloton Minerals Corporation

Common Shares Britton, Kent Douglas 4 25/12/2017 11 0.055 812,120 545,454


Warrants Britton, Kent Douglas 4 21/12/2017 11 0.1 812,120 545,454


Common Shares ELLWOOD, EDWARD LEITH

5 16/01/2018 10 0.085 3,678,796 -15,000

Pembina Pipeline Corporation

Common Shares LeGresley, David Malcolm Balfour

4 19/01/2018 30 17,870 625



4 19/01/2018 30 657

Insider Reporting

January 25, 2018

(2018), 41 OSCB 904


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



4 19/01/2018 30 15,435 540


Common Shares Michaleski, Robert B. 4 22/02/2017 30 20


Common Shares Michaleski, Robert B. 4 22/02/2017 30 20


Common Shares Michaleski, Robert B. 4 19/01/2018 30 612 26


Common Shares Michaleski, Robert B. 4 19/01/2018 30 2,084 8


Common Shares Rubin, Bruce D. 4 12/01/2018 10 35.37 10,000 5,000

People Corporation Rights Restricted Stock Units

Canning, Brevan 5 19/01/2018 56 6.59 61,864 18,209

People Corporation Rights Restricted Stock Units

Villani, Lisa Dawn 5 18/01/2018 56 6.59 46,488 13,277

Pepcap Resources, Inc. Common Shares Andrup, Claus Erik 4 17/01/2018 10 0.05 1,010,837 1,000

Pepcap Resources, Inc. Common Shares Andrup, Claus Erik 4 17/01/2018 10 0.05 1,011,837 1,000

PESA Corporation Options curran, John Marcus 4 12/01/2018 00

PESA Corporation Options curran, John Marcus 4 17/01/2018 50 0.1 50,000 50,000

Petroteq Energy Inc. (formerly MCW Energy Group Limited)

Common Shares Blyumkin, Aleksandr 3, 4, 5 17/01/2018 11 1,603,348 -39,245

Peyto Exploration & Development Corp.

Common Shares Peyto Exploration & Development Corp.

1 19/01/2018 00

Phivida Holdings Inc. Common Shares Johnston, Kyle Alexander

5 12/01/2018 54 0.35 452,800 2,800

Phivida Holdings Inc. Warrants Johnston, Kyle Alexander

5 12/01/2018 54 0.35 0 -2,800

Phivida Holdings Inc. Common Shares Kovalyov, Georgiy 4 12/01/2018 54 0.35 347,200 11,200

Phivida Holdings Inc. Warrants Kovalyov, Georgiy 4 12/01/2018 54 0.35 0 -11,200

PHX Energy Services Corp.

Common Shares Athaide, Judith 4 15/01/2018 10 2.4 0 -237








Common Shares Hooks, John Michael 5 16/01/2018 10 2.2 7,752,300 12,000

Pine Cliff Energy Ltd. Common Shares Disbrow, Robert 3 12/01/2018 10 0.36 16,316,563 50,000

Pine Cliff Energy Ltd. Common Shares Disbrow, Robert 3 15/01/2018 10 0.375 16,311,563 -5,000







PJX Resources Inc. Common Shares Crossett, Paul Everett 3 15/01/2018 10 0.125 2,058,500 8,500



Plateau Uranium Inc. Common Shares Disbrow, Robert 3 12/01/2018 10 0.8168 4,328,916 140,000





Plateau Uranium Inc. Warrants Disbrow, Robert 3 16/01/2018 11 0.31 66,666 -16,667

Platform Eight Capital Corp.

Common Shares Egan, Wayne T. 4 26/10/2017 00


Common Shares Egan, Wayne T. 4 10/01/2018 11 500,000 500,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 905


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Options Egan, Wayne T. 4 26/10/2017 00


Options Egan, Wayne T. 4 10/01/2018 50 150,000 150,000


Common Shares Kosziwka, Sandra 4, 5 26/10/2017 00


Common Shares Kosziwka, Sandra 4, 5 10/01/2018 11 100,000 100,000


Options Kosziwka, Sandra 4, 5 26/10/2017 00


Options Kosziwka, Sandra 4, 5 10/01/2018 50 150,000 150,000


Common Shares Travaglini, John Francis

4, 5 28/04/2017 00



4, 5 26/10/2017 00



4, 5 10/01/2018 11 1,200,000 1,200,000


Options Travaglini, John Francis

4, 5 28/04/2017 00



4, 5 26/10/2017 00



4, 5 10/01/2018 50 150,000 150,000

Plaza Retail REIT RSUs Cipollone, Floriana 5 15/01/2018 30 4.29 12,748 59

Plaza Retail REIT RSUs Cipollone, Floriana 5 15/01/2018 59 4.29 12,689 -59

Plaza Retail REIT RSUs Mackenzie, Peter 5 15/01/2018 30 4.29 5,023 23

Plaza Retail REIT RSUs Mackenzie, Peter 5 15/01/2018 57 4.29 5,000 -23

Plaza Retail REIT Trust Units Mackenzie, Peter 5 15/01/2018 57 4.29 60,023 23

Plaza Retail REIT Trust Units Mackenzie, Peter 5 15/01/2018 30 4.29 72,622 38

Plaza Retail REIT RSUs Penney, Stephen 5 15/01/2018 30 4.29 6,695 28

Plaza Retail REIT RSUs Penney, Stephen 5 15/01/2018 57 4.29 6,667 -28

Plaza Retail REIT Trust Units Penney, Stephen 5 15/01/2018 57 4.29 15,409 28

Plaza Retail REIT RSUs Petrie, James M. 5 15/01/2018 30 4.29 12,710 21

Plaza Retail REIT RSUs Petrie, James M. 5 15/01/2018 57 4.29 12,689 -21





Plaza Retail REIT Trust Units Petrie, James M. 5 15/01/2018 57 4.29 31,936 14

Plaza Retail REIT Trust Units Petrie, James M. 5 15/01/2018 57 4.29 21,182 21

Plaza Retail REIT RSUs Strange, Kimberly A. 5 15/01/2018 30 4.29 1,674 7

Plaza Retail REIT RSUs Strange, Kimberly A. 5 15/01/2018 57 4.29 1,667 -7

Plaza Retail REIT Trust Units Strange, Kimberly A. 5 15/01/2018 57 4.29 2,104 7

Points International Ltd. Common Shares Thompson, John 4 12/01/2018 90 11 5,412 394

Points International Ltd. Common Shares Thompson, John 4 12/01/2018 90 11 12,082 -394

Points International Ltd. Common Shares Thompson, John 4 12/01/2018 90 11 -394

Points International Ltd. Common Shares Thompson, John 4 12/01/2018 90 11 -394

Points International Ltd. Common Shares Thompson, John 4 12/01/2018 90 11 11,688 -394

Points International Ltd. Common Shares Thompson, John 4 12/01/2018 90 11 5,335 394

Polaris Infrastructure Inc.

Common Shares Goodwood Inc. 3 15/01/2018 10 17.75 1,622,209 -500

Polaris Infrastructure Inc.

Common Shares Goodwood Inc. 3 16/01/2018 47 18.05 1,621,644 -565

Postmedia Network Canada Corp.

Class NC Variable Voting Shares

Melchiorre, Anthony 3 16/01/2018 10 1.4267 24,313,925 4,500

Postmedia Network Canada Corp.

Class NC Variable Voting Shares

Melchiorre, Anthony 3 17/01/2018 10 1.45 24,314,325 400

Power Americas Minerals Corp.

Common Shares Place, James Howard 4 16/01/2018 51 0.2 50,000 50,000


Options Place, James Howard 4 16/01/2018 51 0.2 50,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 906


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Options Place, James Howard 4 16/01/2018 51 0.2 50,000


Options Place, James Howard 4 16/01/2018 51 0.2 150,000 -50,000

POWER METALS CORP.

Options More, Johnathan 4, 5 05/01/2018 50 0.81 1,800,000

POWER METALS CORP.

Options More, Johnathan 4, 5 05/01/2018 50 0.81 2,471,688 900,000

PrairieSky Royalty Ltd. Restricted Share Units (RSUs)

KAZEIL, PAMELA PEARL

5 15/01/2018 59 32.13 4,926 -2,513


Phillips, Andrew 5 15/01/2018 59 32.13 11,695 -6,282


PROCTOR, CAMERON MACLEAN

5 15/01/2018 59 32.13 7,637 -4,065


Radomski, Michelle 5 15/01/2018 59 32.13 6,207 -573


Radomski, Michelle 5 15/01/2018 59 32.13 3,788 -2,419

Precipitate Gold Corp. Options Wilson, Jeffrey 5 17/01/2018 52 0.25 600,000 -150,000

Premium Income Corporation

Class A Shares Top 10 Canadian Financial Trust

8 15/01/2018 10 8.1003 28,300 -2,489


Class A Shares Top 10 Split Trust 8 15/01/2018 10 8.1003 33,200 -2,826


Class A Shares World Financial Split Corp.

8 15/01/2018 10 8.1003 49,200 -4,285

Pretium Resources Inc. Common Shares Adshead-Bell, Nicole 4 18/12/2017 57 16,181 4,989

Pretium Resources Inc. Rights RSUs Adshead-Bell, Nicole 4 16/12/2017 57 21,445 -4,989

Pretium Resources Inc. Common Shares Birkey, Peter Merriman 4 18/12/2017 57 86,167 4,989

Pretium Resources Inc. Rights RSUs Birkey, Peter Merriman 4 16/12/2017 57 -4,989

Pretium Resources Inc. Rights RSUs Birkey, Peter Merriman 4 18/12/2017 57 21,445 -4,989

Pretium Resources Inc. Common Shares Dunn, Christopher Noel 4 18/12/2017 57 78,867 4,989

Pretium Resources Inc. Rights RSUs Dunn, Christopher Noel 4 18/12/2017 57 21,445 -4,989

Pretium Resources Inc. Common Shares Paspalas, George Nickolas

4 18/12/2017 57 28,035 4,989

Pretium Resources Inc. Rights RSUs Paspalas, George Nickolas

4 18/12/2017 57 21,445 -4,989

Pretium Resources Inc. Common Shares Shen, Shaoyang 4 18/12/2017 57 56,889 4,989

Pretium Resources Inc. Rights RSUs Shen, Shaoyang 4 18/12/2017 57 21,445 -4,989

Prospero Silver Corp. Common Shares Murray, William 4 10/01/2018 10 0.11 2,174,004 10,000







PUDO Inc. Common Shares Bijou, Thomas Frank 4 10/01/2018 10 1.79 255,966 1,000

PUDO Inc. Common Shares Bijou, Thomas Frank 4 16/01/2018 54 1 275,966 20,000

PUDO Inc. Warrants Bijou, Thomas Frank 4 16/01/2018 90 0 -71,430

PUDO Inc. Warrants Bijou, Thomas Frank 4 14/07/2015 00

PUDO Inc. Warrants Bijou, Thomas Frank 4 16/01/2018 90 1 71,430 71,430

PUDO Inc. Warrants Bijou, Thomas Frank 4 16/01/2018 54 51,430 -20,000

Pulse Seismic Inc. Common Shares Pulse Seismic Inc. 1 11/01/2018 38 3.1461 51,200 2,300





Pulse Seismic Inc. Common Shares Pulse Seismic Inc. 1 18/01/2018 38 3.06 73,900 100


Puma Exploration Inc. Warrants Gagné, Dominique 5 29/12/2017 55 0.1 388,989 -50,000

Puma Exploration Inc. Common Shares Robillard, Marcel 4, 5 17/01/2018 10 0.095 3,052,465 2,500

Insider Reporting

January 25, 2018

(2018), 41 OSCB 907


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

PYROGENESIS CANADA INC.

Warrants Pascali, Photis Peter 3, 4, 5 15/01/2018 11 3,004,583 862,500

QMX Gold Corporation (formerly Alexis Minerals Corporation)

Common Shares Battiston, Deborah 5 10/01/2018 51 80,000 80,000


Common Shares Battiston, Deborah 5 15/01/2018 10 0.2915 0 -80,000


Options Battiston, Deborah 5 10/01/2018 51 0.24 915,000 -80,000


Common Shares Rigg, David Michael 5 10/01/2018 51 569,750 150,000


Common Shares Rigg, David Michael 5 15/01/2018 10 0.2915 419,750 -150,000


Options Rigg, David Michael 5 10/01/2018 51 0.24 990,000 -150,000

Radient Technologies Inc.

Common Shares Petzel, Jan Mark Philipp

4 15/01/2018 54 116,126 79,078


Common Shares Petzel, Jan Mark Philipp

4 15/01/2018 51 0.66 6,744,860 250,000


Options Petzel, Jan Mark Philipp

4 15/01/2018 51 0 -250,000


Warrants Petzel, Jan Mark Philipp

4 15/01/2018 54 0 -79,078


Common Shares Taschuk, Denis Michael

4, 5 12/01/2018 10 1.84 1,034,357 -50,000


Common Shares Taschuk, Denis Michael

4, 5 12/01/2018 10 1.86 1,009,357 -25,000

Raging River Exploration Inc.

Common Shares Barlow, Jesse Thor 5 15/01/2018 47 8.72 30,933 -10,175


Common Shares Beynon, Bruce Michael 5 19/01/2018 10 8.22 497,178 -12,000


Options Rideout, Scott Earl 5 15/01/2018 52 9.63 232,445 -333,334

Razor Energy Corp. Common Shares Mueller, Lisa Ann 5 12/01/2018 90 32,973 -26,241

Razor Energy Corp. Common Shares Mueller, Lisa Ann 5 12/01/2018 90 10,613 6,848

Razor Energy Corp. Common Shares Mueller, Lisa Ann 5 12/01/2018 90 22,033 19,393

Red Eagle Exploration Limited

Common Shares Red Eagle Mining Corporation

3 19/10/2017 11 314,500,933 -16,552,681

Red Eagle Exploration Limited

Common Shares Red Eagle Mining Corporation

3 19/10/2017 11 297,948,252 -16,552,681

Red Eagle Mining Corporation

Warrants Issued pursuant to rights offering, expire Aug 7,2022

Mason, Jeffrey Robert 4 12/01/2018 10 0.125 294,000 -6,000








Options Thomas, David 5 15/01/2018 00


Options Thomas, David 5 16/01/2018 50 0.35 400,000 400,000

REIT INDEXPLUS Income Fund

Trust Units REIT INDEXPLUS Income Fund

1 12/01/2018 10 12.69 10,414,225 -2,300



1 15/01/2018 10 12.691 10,410,025 -4,200



1 16/01/2018 10 12.73 10,378,725 -31,300



1 18/01/2018 10 12.76 10,374,725 -4,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 908


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Relentless Resources Ltd.

Options Frame, Murray M. 4 11/01/2018 50 0.05 700,000 700,000


Common Shares Kolias, Ike Sotiris 3 10/01/2018 54 0.055 16,420,546 1,000,000


Warrants Kolias, Ike Sotiris 3 10/01/2018 54 0.055 2,333,333 -1,000,000


Warrants Kolias, Ike Sotiris 3 10/01/2018 55 0.055 -2,333,333


Warrants Kolias, Ike Sotiris 3 10/01/2018 55 0.055 -1,000,000


Warrants Kolias, Ike Sotiris 3 10/01/2018 55 0.055 1,333,333 -1,000,000


Warrants Kolias, Ike Sotiris 3 10/01/2018 55 0.075 0 -1,333,333


Options Thomson, Hugh McKenzie

5 11/01/2018 50 0.05 950,000 950,000


Common Shares Wilson, Daniel Thomas 4, 5 16/01/2018 47 0.09 6,908,333 -1,875,000


Common Shares Wilson, Daniel Thomas 4, 5 17/01/2018 47 0.09 5,183,333 -1,725,000

Return Energy Inc. Common Shares Porter, Bradley Blair 4 16/01/2018 10 0.0745 407,651 -590,000

Return Energy Inc. Options Schoenfeld, Jason Wade

5 10/01/2018 50 0.1 1,375,000 1,000,000

RHC Capital Corporation

Common Shares Arandjelovic, Zoran 3, 4 16/01/2018 10 0.065 9,125,000 100,000


Common Shares Arandjelovic, Zoran 3, 4 16/01/2018 10 0.065 100,000


Common Shares Davidson, Andrew 4, 5 15/01/2018 10 0.05 3,906,163 20,000

Richelieu Hardware Ltd. Common Shares Auclair, Antoine 5 12/01/2018 30 33.606 8,656 107

Richelieu Hardware Ltd. Common Shares Dion, Christian 5 12/01/2018 30 33.606 4,897 14

Richelieu Hardware Ltd. Common Shares Grenier, Guy 5 12/01/2018 30 33.606 42,252 36

Richelieu Hardware Ltd. Common Shares Grenier, Guy 5 12/01/2018 30 33.606 74,860 54

Richelieu Hardware Ltd. Common Shares Lord, Richard 4, 5 12/01/2018 30 33.606 4,173,193 71

Richelieu Hardware Ltd. Common Shares Quevillon, Geneviève 5 12/01/2018 30 33.606 5,880 27

Ridgewood Canadian Investment Grade Bond Fund

Units Ridgewood Capital Asset Management

3 12/01/2018 10 14.99 7,089,432 3,542



3 12/01/2018 10 14.99 7,086,189 -3,243



3 16/01/2018 10 14.99 7,090,597 4,408



3 16/01/2018 10 14.99 7,086,388 -4,209



3 17/01/2018 10 14.99 7,087,362 974


Units Simpson, John H. 5 12/01/2018 10 14.99 22,802 -200

RIOCAN REAL ESTATE INVESTMENT TRUST

Deferred Units Brooks, Bonnie 4 15/12/2017 30 783


Deferred Units Brooks, Bonnie 4 15/12/2017 30 27,951 789


Deferred Units Copeland, Clare Robert

4 15/12/2017 30 844


Deferred Units Copeland, Clare Robert

4 15/12/2017 30 28,458 849

Insider Reporting

January 25, 2018

(2018), 41 OSCB 909


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Deferred Units Godfrey, Paul Victor 4 15/12/2017 30 36,857 758


Trust Units Godfrey, Paul Victor 4 15/12/2017 30 753


Trust Units Godfrey, Paul Victor 4 15/12/2017 30 753


Deferred Units Lastman, Dale Howard 4 15/12/2017 30 506


Deferred Units Lastman, Dale Howard 4 15/12/2017 30 23,754 513


Deferred Units Marshall, S. Jane 4 07/12/2017 30 213


Deferred Units Marshall, S. Jane 4 07/12/2017 30 15,083 215


Deferred Units Sallows, Sharon 4 15/12/2017 30 1,115


Deferred Units Sallows, Sharon 4 15/12/2017 30 32,810 1,120


Deferred Units Vanaselja, Siim A. 4 15/12/2017 30 984


Deferred Units Vanaselja, Siim A. 4 15/12/2017 30 7,327 988


Deferred Units Winograd, Charles 4 15/12/2017 30 944


Deferred Units Winograd, Charles 4 15/12/2017 30 29,721 960

Roots Corporation Common Shares Gabel, James Alan 4, 5 18/10/2017 00

Roots Corporation Common Shares Gabel, James Alan 4, 5 15/01/2018 10 11.32 25,000 25,000

Royal Road Minerals Limited

Ordinary Shares Coughlin, Timothy James

4, 5 15/01/2018 10 0.14 3,744,958 5,000

Royal Road Minerals Limited

Ordinary Shares Coughlin, Timothy James

4, 5 15/01/2018 10 0.145 3,747,958 3,000

Rupert Resources Ltd. Common Shares Brimacombe, Alan Douglas

3 16/01/2018 10 0.85 19,641,300 4,000


3 18/01/2018 10 0.85 19,653,300 12,000


3 19/01/2018 10 0.85 19,658,300 5,000


3 19/01/2018 10 0.89 19,661,300 3,000


3 19/01/2018 10 0.9 19,667,800 6,500

RYU Apparel Inc. Common Shares Ciambrelli, Martino 4 19/01/2018 47 50,000 -50,000

RYU Apparel Inc. Common Shares Ciambrelli, Martino 4 19/01/2018 10 0.07 63,500 13,500

Sabina Gold & Silver Corp.

Common Shares Dundee Precious Metals Inc.

3 15/01/2018 10 2.26 25,739,713 2,200,000


Common Shares Goodman, Jonathan Carter

6 15/01/2018 11 2.26 0 -2,000,000


Common Shares Goodman, Jonathan Carter

6 15/01/2018 11 2.26 0 -200,000

Salazar Resources Limited

Common Shares Walter, Etienne E.V. 4 12/01/2018 10 0.14 241,433 -50,000



Insider Reporting

January 25, 2018

(2018), 41 OSCB 910


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed




Common Shares Wu, Hui 4 19/12/2017 00 34,000


Options Wu, Hui 4 19/12/2017 00


Options Wu, Hui 4 15/01/2018 50 600,000 600,000

Sanatana Resources Inc.

Common Shares Miles, Peter Leighton 4, 5 15/01/2018 10 0.045 7,240,886 20,000

SANDSTORM GOLD LTD.

Common Shares Swarthout, Andrew 4 12/01/2018 10 5.185 15,100 -9,000

Saputo Inc. Participation Units UAD non convertibles/Unconvertible DSU

Demone, Henry 4 15/01/2018 56 44.92 37,345 1,447


Demone, Henry 4 15/01/2018 56 43.93 37,476 131


Fata, Anthony M. 4 15/01/2018 56 44.92 73,360 1,893


Fata, Anthony M. 4 15/01/2018 56 43.93 73,620 260


King, Anna Lisa 4 15/01/2018 56 44.92 34,777 1,447


King, Anna Lisa 4 15/01/2018 56 43.93 34,898 121


Kinsley, Karen 4 15/01/2018 56 44.92 13,459 1,447


Kinsley, Karen 4 15/01/2018 56 43.93 13,503 44


Meti, Antonio 4 15/01/2018 56 44.92 84,395 1,754


Meti, Antonio 4 15/01/2018 56 43.93 84,696 301


NYISZTOR, Diane 4 15/01/2018 56 44.92 8,634 1,447


NYISZTOR, Diane 4 15/01/2018 56 43.93 8,660 26


Ruf, Franziska 4 15/01/2018 56 44.92 8,634 1,447


Ruf, Franziska 4 15/01/2018 56 43.93 8,660 26

Insider Reporting

January 25, 2018

(2018), 41 OSCB 911


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Verschuren, Annette Marie

4 15/01/2018 56 44.92 19,266 724


Verschuren, Annette Marie

4 15/01/2018 56 43.93 19,333 67

Satori Resources Inc. Options Boyle, Jennifer L 4, 5 11/01/2018 50 400,000 100,000

Satori Resources Inc. Options Hansen, Carl 4 11/01/2018 50 0.125 300,000 100,000

Satori Resources Inc. Options Kilborn, Shanda Sharline

5 11/01/2018 50 300,000 100,000

Satori Resources Inc. Common Shares Macintosh, James Maitland

4 19/01/2018 90 0 -170,000


4 23/08/2017 00


4 19/01/2018 90 170,000 170,000

Satori Resources Inc. Options Macintosh, James Maitland

4 23/08/2017 00

Satori Resources Inc. Options Macintosh, James Maitland

4 11/01/2018 50 0.125 150,000 150,000

Satori Resources Inc. Options O'Connor, Gary Vincent

4 11/01/2018 50 0.09 300,000 100,000

Sceptre Ventures Inc. Common Shares Abbott, Graham Burke 4 21/12/2017 00

Sceptre Ventures Inc. Common Shares Abbott, Graham Burke 4 21/12/2017 00 412,281

ScoZinc Mining Ltd. (formerly Selwyn Resources Ltd.)

Common Shares Surratt, Michael L. 4 14/06/2017 00

ScoZinc Mining Ltd. (formerly Selwyn Resources Ltd.)

Common Shares Surratt, Michael L. 4 12/01/2018 10 1.2 6,000 6,000

Scythian Biosciences Corp. (previously: Kitrinor Metals Inc.)

Options Neufeld, Victor 4 15/01/2018 00


Options Neufeld, Victor 4 15/01/2018 50 40,000 40,000


Options Scorsis, George 4 15/01/2018 00


Options Scorsis, George 4 15/01/2018 50 30,000 30,000

Seahawk Ventures Inc. Options Champagne, Guy 4 21/08/2015 00

Seahawk Ventures Inc. Options Champagne, Guy 4 15/01/2018 50 0.4 50,000 50,000

Seahawk Ventures Inc. Common Shares Ekholm, Ian Jack 3 28/12/2017 10 0.38 5,000

Seahawk Ventures Inc. Common Shares Ekholm, Ian Jack 3 28/12/2017 10 0.38 1,289,700 -5,000

Seahawk Ventures Inc. Common Shares Ekholm, Ian Jack 3 15/01/2018 00 2,759,000

Seahawk Ventures Inc. Common Shares Ekholm, Ian Jack 3 15/01/2018 00 44,900

Seahawk Ventures Inc. Common Shares Ekholm, Ian Jack 3 15/01/2018 00

Seahawk Ventures Inc. Common Shares Ekholm, Ian Jack 3 15/01/2018 00 1,289,700

Seahawk Ventures Inc. Common Shares Ekholm, Ian Jack 3 15/01/2018 00 53,900

Seahawk Ventures Inc. Options Ekholm, Ian Jack 3 15/01/2018 00

Seahawk Ventures Inc. Options Ekholm, Ian Jack 3 15/01/2018 50 0.4 150,000 150,000

Seahawk Ventures Inc. Options GASBARRO, BRUNO 4 15/01/2018 50 0.4 150,000 150,000

Seahawk Ventures Inc. Options Gasbarro, Giovanni 4 15/01/2018 50 0.4 350,000 350,000

Seahawk Ventures Inc. Options Giantomaso, Salvatore 4 16/12/2016 00

Seahawk Ventures Inc. Options Giantomaso, Salvatore 4 15/01/2018 50 0.4 50,000 50,000

Seahawk Ventures Inc. Options Holliday, Alan Blair 4 15/01/2018 50 0.4 50,000

Seahawk Ventures Inc. Options Holliday, Alan Blair 4 15/01/2018 50 0.4 50,000

Seahawk Ventures Inc. Options Holliday, Alan Blair 4 16/12/2016 00

Seahawk Ventures Inc. Options Holliday, Alan Blair 4 15/01/2018 50 0.4 50,000 50,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 912


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

SEMAFO INC. Rights Restricted Share Unit

Crevier, Michel 5 15/01/2018 59 3.55 164,943 -146,258


Desormeaux, Benoit 4, 5 15/01/2018 59 3.55 397,614 -352,553


Drouin, Paul 5 15/01/2018 59 3.55 98,663 -71,523


Duchesne, Sylvain 5 15/01/2018 59 3.55 93,632 -79,905


Mélanson, Alain 5 15/01/2018 59 3.55 88,358 -75,806


Milette, Martin 5 15/01/2018 59 3.55 161,147 -138,703


Moryoussef, Patrick 5 15/01/2018 59 3.55 181,581 -161,054


Paul-Hus, Éric 5 15/01/2018 59 3.55 85,440 -74,316

Serrano Resources Ltd. Common Shares Driver, Cyrus 5 19/12/2017 11 0.07 6,000,127 5,985,994

Serrano Resources Ltd. Common Shares Driver, Cyrus 5 09/07/2009 00

Serrano Resources Ltd. Common Shares Driver, Cyrus 5 19/12/2017 11 0.07 1,126,669 1,126,669

SHAW COMMUNICATIONS INC.

Directors' Deferred Share Units (DDSU)

BURNS, ADRIAN 4 31/12/2017 56 28.31 59,066 2,404



BURNS, ADRIAN 4 18/01/2018 56 27.21 62,925 3,859



Green, Richard R. 4 31/12/2017 56 22.47 62,538 1,290



Green, Richard R. 4 18/01/2018 56 27.21 66,397 3,859



Haverstock, Lynda 4 31/12/2017 56 28.31 43,126 1,752



Haverstock, Lynda 4 18/01/2018 56 27.21 46,985 3,859


Non-Voting Shares Class "B"

Johnson, Peter 5 17/01/2018 10 27 32,000 10,000



Keating, Gregory John 4 18/01/2018 56 27.21 67,060 3,859



O'Brien, Michael Wilfrid 4 31/12/2017 56 28.31 63,816 2,599



O'Brien, Michael Wilfrid 4 18/01/2018 56 27.21 67,675 3,859



Pew, Paul Kenneth 4 18/01/2018 56 27.21 100,814 3,859



Royer, Jeffrey 4 18/01/2018 56 27.21 94,144 3,859



Shaw, Bradley 4, 5 31/12/2017 56 28.39 7,285 298



Shaw, Bradley 4, 5 19/01/2018 10 27 1,548,228 100,000



Shaw, Bradley 4, 5 19/01/2018 10 27 500,000 250,000



Sievert, Michael 4 11/01/2018 00

Insider Reporting

January 25, 2018

(2018), 41 OSCB 913


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



Sievert, Michael 4 18/01/2018 56 27.21 3,859 3,859


Options Sievert, Michael 4 11/01/2018 00


Options Sievert, Michael 4 18/01/2018 56 27.21 70,000 70,000



Sparkman, JC 4 31/12/2017 56 21.95 55,050 2,234



Sparkman, JC 4 18/01/2018 56 27.21 58,909 3,859



Vogel, Carl E. 4 18/01/2018 56 27.21 37,006 3,859



Weatherill, Sheila Christine

4 18/01/2018 56 27.21 58,809 3,859



Yuill, Willard 4 31/12/2017 56 28.31 33,889 1,374



Yuill, Willard 4 18/01/2018 56 27.21 37,748 3,859

Shopify Inc. Multiple Voting Shares Class B Multiple Voting Shares

Finkelstein, Harley Michael

5 18/01/2018 51 0.16 5,308 5,308



5 18/01/2018 36 0 -5,308

Shopify Inc. Options Finkelstein, Harley Michael

5 18/01/2018 51 0.16 352,770 -5,308

Shopify Inc. Subordinate Voting Shares Class A Subordinate Voting Shares


5 18/01/2018 36 5,308 5,308



5 18/01/2018 30 142.01 0 -5,308


Lutke, Tobias Albin 4, 5 16/01/2018 30 113.09 164,000 -4,000


Miller, Craig Stuart 5 16/01/2018 51 0.152 24,423 24,423


Miller, Craig Stuart 5 16/01/2018 36 0 -24,423

Shopify Inc. Options Miller, Craig Stuart 5 16/01/2018 51 0.152 422,678 -24,423


Miller, Craig Stuart 5 16/01/2018 36 24,423 24,423


Miller, Craig Stuart 5 16/01/2018 30 113.91 0 -24,423

Silver Bear Resources Plc

Ordinary Shares Granovsky, Boris Lvovich

4 16/01/2018 30 789,705 400,000


Ordinary Shares Gualtieri, Dominic 4 16/01/2018 30 785,294 400,000


Ordinary Shares Gualtieri, Dominic 4 18/01/2018 10 0.3 711,294 -74,000


Ordinary Shares Sotskov, Alexey 4 16/01/2018 30 425,000 400,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 914


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Ordinary Shares Westdal, Christopher 4 16/01/2018 30 906,015 400,000

SilverCrest Metals Inc. Common Shares Ritchie, Christopher Kyle

5 17/01/2018 16 1.66 701,800 451,800

SilverCrest Metals Inc. Warrants Ritchie, Christopher Kyle

5 01/01/2018 00

SilverCrest Metals Inc. Warrants Ritchie, Christopher Kyle

5 17/01/2018 16 225,900 225,900

Skyline Investments Inc. Bonds Blutrich, Gil Dov 4, 6 15/01/2018 38 0.4 $751,810 -$19,784

SMC Ventures Inc. Common Shares Notman, William Hugh 4, 5 16/01/2018 37 466,937 -229,436

Société d'exploration minière Vior Inc.

Common Shares Fedosiewich, Mark Brian

5 11/01/2018 10 0.125 2,425,000 50,000



5 11/01/2018 10 0.13 2,450,000 25,000



5 18/01/2018 10 0.12 2,451,000 1,000



5 18/01/2018 10 0.12 2,476,000 25,000


Options Freeman, Gary Richard 4 21/12/2017 00


Options Freeman, Gary Richard 4 05/01/2018 50 0.135 150,000


Options Freeman, Gary Richard 4 05/01/2018 50 0.135 150,000


Options Freeman, Gary Richard 4 05/01/2018 50 0.135 150,000 150,000

Sonoro Energy Ltd. Common Shares Callaway, Michael Dean

5 15/06/2017 00


5 15/06/2017 00


5 15/06/2017 00


5 15/06/2017 00


5 15/06/2017 00 533,333


5 12/01/2018 37 133,333 -400,000

Sonoro Energy Ltd. Options Callaway, Michael Dean

5 15/06/2017 00


5 15/06/2017 00


5 15/06/2017 00


5 15/06/2017 00


5 15/06/2017 00


5 20/06/2017 50 0.08 1,300,000 1,300,000


5 12/01/2018 37 325,000 -975,000

Sonoro Energy Ltd. Warrants Callaway, Michael Dean

5 19/05/2017 16 0.05 266,667 266,667


5 15/06/2017 00


5 15/06/2017 00


5 15/06/2017 00


5 15/06/2017 00


5 15/06/2017 00


5 15/06/2017 00

Insider Reporting

January 25, 2018

(2018), 41 OSCB 915


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


5 15/06/2017 00


5 12/01/2018 37 66,667 -200,000

Southern Arc Minerals Inc.

Common Shares Southern Arc Minerals Inc.

1 10/01/2018 38 0.61 8,000 3,500

Spectral Medical Inc. Common Shares Foster, Debra-Anne 8 17/01/2018 10 0.36 97,355 -37,500

Spectral Medical Inc. Common Shares Foster, Debra-Anne 8 17/01/2018 51 0.21 134,855 37,500

Spectral Medical Inc. Options Foster, Debra-Anne 8 17/01/2018 51 0.21 546,280 -37,500

Sphere 3D Corp. Common Shares Kalbfleisch, Kurt 5 16/01/2018 57 29,692 19,201

Sphere 3D Corp. Common Shares Kalbfleisch, Kurt 5 17/01/2018 10 2.32 20,890 -8,802

Sphere 3D Corp. Restricted Stock Unit Kalbfleisch, Kurt 5 18/12/2017 56 178,400 144,800

Sphere 3D Corp. Restricted Stock Unit Kalbfleisch, Kurt 5 16/01/2018 57 159,199 -19,201

SponsorsOne Inc. Options Barley, Jack Stephen 4 09/01/2018 50 0.3 250,000 100,000

Spot Coffee (Canada) Ltd.

Common Shares AYOUB, ANTON MICHEL

4, 5 15/01/2018 10 0.14 1,801,958 2,000



4, 5 16/01/2018 10 0.135 1,803,458 1,500



4, 5 18/01/2018 10 0.13 1,804,958 1,500



4, 5 19/01/2018 10 0.14 1,805,958 1,000


Common Shares Lorenzo, John Michael 4 17/01/2018 10 0.13 7,511,857 10,000


Common Shares Lorenzo, John Michael 4 18/01/2018 10 0.135 7,556,857 45,000

Sprott Energy Opportunities Trust

Trust Units Sprott Energy Opportunities Trust

1 15/01/2018 38 6.35 100 100



1 15/01/2018 38 0 -100



1 19/01/2018 38 6.1 600 600



1 19/01/2018 38 0 -600

Sprott Inc. Common Shares 2176423 Ontario Ltd. 3 15/01/2018 10 2.85 14,951,578 -46,500

Sprott Inc. Common Shares 2176423 Ontario Ltd. 3 16/01/2018 10 2.97 14,498,078 -453,500

Sprott Inc. Common Shares Sprott, Eric S. 3 15/01/2018 10 2.85 14,951,578 -46,500

Sprott Inc. Common Shares Sprott, Eric S. 3 16/01/2018 10 2.97 14,498,078 -453,500

Sprott Physical Gold and Silver Trust

Trust Units Sprott Inc. 7 16/01/2018 00 40,000


Trust Units Sprott Inc. 7 17/01/2018 10 13.545 38,500 -1,500


Trust Units Sprott Inc. 7 17/01/2018 10 13.556 24,100 -14,400


Trust Units Sprott Inc. 7 17/01/2018 10 13.668 0 -24,100


Trust Units Sprott Inc. 7 16/01/2018 00 1,586,000

Sprott Resource Holdings Inc. (formerly Adriana Resources Inc. )

EPSP Designation Yuzpe, Stephen Mark 4, 5 15/01/2018 56 0.16 2,579,808 21,839

Squire Mining Ltd. Common Shares Gajdics, Tibor 3, 4 12/01/2018 51 0.12 2,250,000 250,000

Squire Mining Ltd. Options Gajdics, Tibor 3, 4 12/01/2018 51 0 -250,000

Squire Mining Ltd. Common Shares Hanson, Kevin R. 3, 4, 5 12/01/2018 51 0.12 1,725,000 250,000

Squire Mining Ltd. Options Hanson, Kevin R. 3, 4, 5 12/01/2018 51 0 -250,000

Squire Mining Ltd. Common Shares King, Owen 4 02/11/2017 00

Squire Mining Ltd. Common Shares King, Owen 4 16/12/2017 11 0.0191 397,500 397,500

Squire Mining Ltd. Common Shares King, Owen 4 11/01/2018 11 0.0191 1,650,000 1,252,500

Squire Mining Ltd. Common Shares King, Owen 4 12/01/2018 51 0.1 1,900,000 250,000

Squire Mining Ltd. Options King, Owen 4 02/11/2017 00 500,000

Squire Mining Ltd. Options King, Owen 4 12/01/2018 51 250,000 -250,000

Squire Mining Ltd. Common Shares Mann, Ian Hollis 3, 4, 5 10/01/2018 11 0.0191 1,425,001 -2,850,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 916


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

SSR Mining Inc. (Silver Standard Resources Inc.)

Common Shares Benson, Paul 4, 5 31/12/2017 30 12.72 52,460 3,723


Common Shares Block, Nadine June 5 31/12/2017 30 12.72 3,017 1,591


Common Shares DeCooman, Jr., W. John

5 31/12/2017 30 12.72 1,738 374


Common Shares Gilligan, Jonathan 5 31/12/2017 30 12.72 9,835 2,064


Common Shares Martin, Gregory John 5 31/12/2017 30 12.72 16,495 2,312


Common Shares Pangbourne, Alan Nigel

5 31/12/2017 30 12.72 16,263 2,762

Stans Energy Corp. Common Shares Aryev, Boris 4, 5 12/01/2018 10 0.035 3,291,052 -500,000

Stans Energy Corp. Common Shares Aryev, Boris 4, 5 15/01/2018 10 0.035 2,791,052 -500,000

Stantec Inc. Common Shares Alpern, Paul Jeremy David

7, 5 31/12/2017 30 34.18 30,273 1,538

Stantec Inc. Common Shares DiManno, Valentino 7, 5 31/12/2017 30 34.18 8,945 849

Stantec Inc. Common Shares Lefaivre, Daniel Joseph 7 31/12/2017 30 34.16 19,100 1,137

Stantec Inc. Common Shares Lefaivre, Daniel Joseph 7 31/12/2017 30 34.17 33,647 1,293

Stantec Inc. Common Shares Wlad, Russell Edward 7 17/01/2018 51 14.325 16,600 10,000

Stantec Inc. Common Shares Wlad, Russell Edward 7 17/01/2018 10 35.566 6,600 -10,000

Stantec Inc. Options Wlad, Russell Edward 7 17/01/2018 51 14.325 44,389 -10,000

Sterling Resources Ltd. Common Shares Gill, Sanjib Singh 5 18/12/2017 00

Sterling Resources Ltd. Common Shares Gill, Sanjib Singh 5 22/12/2017 11 0.116 1,022,634 1,022,634

Stockport Exploration Inc.

Options Sheppard, William Carl 4 17/01/2018 52 0.1 1,100,000 100,000

Strad Energy Services Ltd.

Incentive awards (cash settlement only)

Alford, Thomas Malcolm

4 17/01/2018 56 46,222 3,066



Grandfield, Robert James

4, 5 17/01/2018 56 89,696 4,320



Hruska, Craig Francis 4 17/01/2018 56 54,697 3,623

Strata-X Energy Ltd. Common Shares Hettich, David 5 16/01/2018 10 204,381 166,666

Summit Industrial Income REIT

Trust Units Morassutti, Lawrence 4 15/01/2018 30 7.49 81,062 462

Summit Industrial Income REIT

Trust Units Morassutti, Lawrence 4 15/01/2018 30 7.49 2,570,426 14,680

Sun Life Financial Inc. Common Shares Blair, Carolyn Diane 5 31/12/2017 30 50.85 7 7

Sun Life Financial Inc. Common Shares Connor, Dean 4, 5 31/12/2017 30 48.83 7,388 787

Sun Life Financial Inc. Common Shares Connor, Dean 4, 5 31/12/2016 90 0 -5,783

Sun Life Financial Inc. Common Shares Dougherty, Kevin 5 31/12/2017 30 48.94 19,546 1,100

Sun Life Financial Inc. Common Shares Dougherty, Kevin 5 31/12/2016 90 0 -17,809

Sun Life Financial Inc. Common Shares Dougherty, Linda 5 31/12/2017 30 48.82 333 151

Sun Life Financial Inc. Common Shares Dougherty, Linda 5 31/12/2016 90 0 -33

Sun Life Financial Inc. Common Shares Freyne, Colm Joseph 5 31/12/2017 30 48.84 7,989 757

Sun Life Financial Inc. Common Shares Freyne, Colm Joseph 5 31/12/2016 90 0 -6,452

Sun Life Financial Inc. Common Shares Kennedy, Melissa Jane 5 31/12/2017 30 48.7 170 99

Sun Life Financial Inc. Common Shares Morrissey, Kevin 5 31/12/2017 30 48.58 4,480 314

Sun Life Financial Inc. Common Shares Morrissey, Kevin 5 31/12/2017 30 49.13 4,529 49

Sun Life Financial Inc. Common Shares Saunders, Mark 5 04/11/2009 00

Sun Life Financial Inc. Common Shares Saunders, Mark 5 31/12/2017 30 52.03 5 5

Sun Life Financial Inc. Common Shares Strain, Kevin 5 31/12/2017 30 48.77 5,666 596

Sun Life Financial Inc. Common Shares Strain, Kevin 5 31/12/2016 90 0 -4,536

Sun Life Financial Inc. Common Shares Van den Hoogen, Marlene

5 31/12/2017 30 48.77 626 203

Sundance Energy Corporation

Common Shares Standen, Jeffrey Lawrence

4, 5 31/08/2011 10 0.28 50,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 917


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



4, 5 02/09/2011 10 0.32 10,000



4, 5 31/08/2011 10 0.28 50,000



4, 5 31/08/2011 10 0.28 50,000



4, 5 02/09/2011 10 0.32 30,000



4, 5 02/09/2011 10 0.32 30,000


Options Standen, Jeffrey Lawrence

4, 5 30/05/2011 38 -1,000,000



4, 5 30/05/2011 38 0 -1,500,000



4, 5 19/07/2011 10 0.5 750,000



4, 5 19/07/2011 50 0.5 750,000



4, 5 19/07/2011 50 0.5 750,000



4, 5 18/06/2014 50 1,500,000



4, 5 18/06/2014 50 1,500,000



4, 5 18/06/2014 50 0.25 1,500,000 1,500,000


Options Expiry November 3, 2016; exercise price $0.25

Standen, Jeffrey Lawrence

4, 5 03/11/2011 50 500,000


Options Expiry November 3, 2016; exercise price $0.25


4, 5 03/11/2011 50 500,000


Common Shares Zhou, Hai 3, 4 18/06/2014 11 0.46 21,717,758




Common Shares Zhou, Hai 3, 4 30/09/2013 00


Common Shares Zhou, Hai 3, 4 30/09/2013 00 22,358,879


Common Shares Zhou, Hai 3, 4 18/06/2014 36 641,121


Common Shares Zhou, Hai 3, 4 18/06/2014 36 641,121


Convertible Debentures 10% Secured Subordinated

Zhou, Hai 3, 4 30/09/2013 00



Zhou, Hai 3, 4 30/09/2013 00



Zhou, Hai 3, 4 18/06/2014 36 0.05 -$250,000



Zhou, Hai 3, 4 23/12/2015 97 0.1 $1,950,000 $1,950,000

Sunniva Inc. Common Shares Stanton, Luke 4 17/11/2017 00

Sunniva Inc. Common Shares Stanton, Luke 4 16/01/2018 10 7.8456 100 100

SunOpta Inc. Common Shares Atkins, Margaret Shan 4 15/01/2018 46 7.75 28,965 1,212

SunOpta Inc. Common Shares Detlefsen, Michael Erik 4 15/01/2018 46 7.75 65,020 1,911

SunOpta Inc. Common Shares Hollis, Dean 4 15/01/2018 46 7.75 77,391 3,646

SunOpta Inc. Common Shares Houde, Katrina 4 15/01/2018 46 7.75 86,524 1,770

SunOpta Inc. Common Shares Springstubb, Brendan 4 15/01/2018 46 7.75 13,629 2,227

SunOpta Inc. Common Shares Tanner, Gregg 4 15/01/2018 46 7.75 5,634 2,227

Superior Plus Corp. Rights Performance Share Units

Houle, Julien 5 15/01/2018 59 11.969 23,298 -6,731

Insider Reporting

January 25, 2018

(2018), 41 OSCB 918


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Superior Plus Corp. Common Shares Summers, Elizabeth 5 05/12/2017 10 11.91 100

Superior Plus Corp. Common Shares Summers, Elizabeth 5 05/12/2017 10 11.91 8,000 1,000

Superior Plus Corp. Rights Performance Share Units

Vammen, Shawn Bradley

7 15/01/2018 59 11.969 39,044 -6,893

Surge Energy Inc. Common Shares Colborne, Paul 4 15/01/2018 10 2.04 3,921,934 465



Surge Energy Inc. Common Shares Colborne, Paul 4 16/01/2018 10 2.1584 20,126 1,889






Synex International Inc. Common Shares McDonnell, Glenn Stanley

4 15/01/2018 30 0.4594 749,943 39,740

Taiga Building Products Ltd.

Common Shares TBL.TO Flagel, Brian 4 17/11/2010 00 15,000


Common Shares TBL.TO Flagel, Brian 4 17/01/2018 10 16,000 1,000


Common Shares TBL.TO Flagel, Brian 4 18/01/2018 10 21,000 5,000


Common Shares Schneidereit-Hsu, Mark 5 21/02/2013 00 11,666


Notes 14% unsecured subordinated note

Schneidereit-Hsu, Mark 5 17/11/2017 10 $0 -$14,099

Tarku Resources Ltd. (formerly ITUNA Capital Corporation)

Common Shares Sheppard, Jeff 4, 5 18/01/2018 10 0.04 350,000 10,000

Tartisan Resources Corp.

Common Shares Palisade Global Investments Ltd.

3 16/01/2018 10 0.15 11,295,000 5,000

Terra Firma Capital Corporation

Common Shares Terra Firma Capital Corporation

1 01/12/2017 10 0.7 8,500 8,500



1 01/12/2017 38 0.7 0 -8,500



1 04/12/2017 10 0.68 10,000 10,000



1 04/12/2017 38 0.68 0 -10,000



1 05/12/2017 10 0.67 10,000 10,000



1 05/12/2017 38 0.67 0 -10,000



1 08/12/2017 10 0.66 10,000 10,000



1 08/12/2017 38 0.66 0 -10,000



1 11/12/2017 10 0.67 8,500 8,500



1 11/12/2017 38 0.67 0 -8,500



1 12/12/2017 10 0.66 10,000 10,000



1 12/12/2017 38 0.66 0 -10,000



1 13/12/2017 10 0.66 760,000 760,000



1 13/12/2017 38 0.66 0 -760,000



1 15/12/2017 10 0.67 10,000 10,000



1 15/12/2017 38 0.67 0 -10,000



1 19/12/2017 10 0.66 10,000 10,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 919


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



1 19/12/2017 38 0.66 0 -10,000



1 20/12/2017 10 0.65 10,000 10,000



1 20/12/2017 38 0.67 0 -10,000



1 21/12/2017 38 0.67 -10,000



1 21/12/2017 10 0.67 10,000 10,000



1 21/12/2017 38 0.67 0 -10,000



1 22/12/2017 10 0.64 10,000 10,000



1 22/12/2017 38 0.64 0 -10,000



1 27/12/2017 10 0.64 10,000 10,000



1 27/12/2017 38 0.64 0 -10,000

Terrane Metals Corp. Warrants Goldcorp Canada Ltd. 3 22/12/2017 55 12,820,889 -815,611

TFI International Inc. Deferred Share Units ARVES, SCOTT C. 4 15/01/2018 56 7,296 46

TFI International Inc. Common Shares Bédard, Alain 4, 5 11/01/2018 10 33.45 4,024,191 -2

TFI International Inc. Deferred Share Units Bédard, Alain 4, 5 15/01/2018 56 17,420 109

TFI International Inc. Restricted Share Units Bédard, Alain 4, 5 15/01/2018 56 69,165 433

TFI International Inc. Deferred Share Units Bérard, André 4 15/01/2018 56 92,542 580

TFI International Inc. Deferred Share Units Bouchard, Lucien 4 15/01/2018 56 57,557 361

TFI International Inc. Deferred Share Units Guay, Richard 4, 5 15/01/2018 56 42,366 266

TFI International Inc. Deferred Share Units KELLY-ENNIS, DEBRA

4 15/01/2018 56 2,431 15

TFI International Inc. Deferred Share Units Manning, Neil Donald 4 15/01/2018 56 21,844 137

TFI International Inc. Restricted Share Units Rumble, Gregory William

5 15/01/2018 56 14,203 89

TFI International Inc. Deferred Share Units Saputo, Joey 4 15/01/2018 56 33.3 13,853 87

TFI International Inc. Deferred Share Units Saputo, Joey 4 15/01/2018 56 33.3 27,758 174

THC BIOMED INTL LTD.

Warrants Miller, John 3, 4 15/01/2018 53 2.49 1,403,230 78,518


Options Smitherman, George Fredrick

4 01/11/2017 10 38.5 1,300 -5,000


Options Smitherman, George Fredrick

4 15/01/2018 10 38.5 0 -1,300

The Jean Coutu Group (PJC) Inc.

Actions liées au rendement

Belzile, André 5 16/01/2015 56 4,670



Belzile, André 5 16/01/2015 56 4,670



Belzile, André 5 16/01/2015 56 20,666 420



Belzile, André 5 16/01/2018 35 10,106 26


Options Belzile, André 5 16/01/2015 56 4,670



Bisson, Hélène 5 16/01/2015 56 1,200



Bisson, Hélène 5 16/01/2015 56 5,291 108



Bisson, Hélène 5 16/01/2018 35 7



Bisson, Hélène 5 16/01/2018 35 2,585 7



Boudreault, Alain 5 16/01/2015 56 1,740



Boudreault, Alain 5 16/01/2015 56 157



Boudreault, Alain 5 16/01/2015 56 5,282 157

Insider Reporting

January 25, 2018

(2018), 41 OSCB 920


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



Boudreault, Alain 5 16/01/2018 35 10



Boudreault, Alain 5 16/01/2018 35 3,777 10


Rights à la plus-value des actions

Coutu, François Jean 4, 5 16/01/2015 56 118,757



Coutu, François Jean 4, 5 16/01/2015 56 385,412 10,688



Coutu, Jean-Michel 5 16/01/2015 56 8,038



Coutu, Jean-Michel 5 16/01/2015 56 39,939 723



Coutu, Louis 5 16/01/2015 56 11,993



Coutu, Louis 5 16/01/2015 56 59,604 1,079



Dufour, Brigitte 5 16/01/2015 56 1,070



Dufour, Brigitte 5 16/01/2015 56 1,170



Dufour, Brigitte 5 16/01/2015 56 3,797 105



Dufour, Brigitte 5 16/01/2018 35 2,842 7



Franche, Guy 5 16/01/2015 56 1,380



Franche, Guy 5 16/01/2015 56 6,119 124



Franche, Guy 5 16/01/2018 35 2,992 8



Lafortune, Alain 5 16/01/2015 56 4,070



Lafortune, Alain 5 16/01/2015 56 18,015 366



Lafortune, Alain 5 16/01/2018 35 8,809 23



Mayrand, Richard 5 16/01/2015 56 3,880



Mayrand, Richard 5 16/01/2015 56 16,578 349



Mayrand, Richard 5 16/01/2018 35 8,491 22



Messier, Normand 5 16/01/2015 56 4,070



Messier, Normand 5 16/01/2015 56 18,015 366



Messier, Normand 5 16/01/2018 35 8,809 23

The Stars Group Inc. Common Shares Goldstein, Marlon 5 16/01/2018 51 7.95 100,000 100,000

The Stars Group Inc. Common Shares Goldstein, Marlon 5 16/01/2018 10 24 87,040 -12,960

The Stars Group Inc. Common Shares Goldstein, Marlon 5 16/01/2018 10 24.1 75,040 -12,000





The Stars Group Inc. Common Shares Goldstein, Marlon 5 16/01/2018 10 24.11 38,140 -700









Insider Reporting

January 25, 2018

(2018), 41 OSCB 921


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


The Stars Group Inc. Common Shares Goldstein, Marlon 5 16/01/2018 10 24.2 0 -1,000

The Stars Group Inc. Common Shares Goldstein, Marlon 5 17/01/2018 51 7.95 39,816 39,816












The Stars Group Inc. Common Shares Goldstein, Marlon 5 17/01/2018 10 24.505 871 -900



The Stars Group Inc. Options Goldstein, Marlon 5 16/01/2018 51 7.95 339,816 -100,000

The Stars Group Inc. Options Goldstein, Marlon 5 17/01/2018 51 7.95 300,000 -39,816

The Westaim Corporation

Options Delaney, Ian William 4, 5 18/01/2018 50 3.1 2,298,467 915,000


Options Kittel, Robert 5 18/01/2018 50 3.1 3,197,200 1,125,000


Options MacDonald, J. Cameron

4 18/01/2018 50 3.1 4,262,933 1,500,000



4 19/01/2018 50 3.1 1,500,000



4 19/01/2018 50 3.1 1,500,000


Options MacNeil, Glenn Garry 5 18/01/2018 50 3.1 345,441 125,000


Options Schenk, Joseph Arthur 7, 5 18/01/2018 50 3.1 205,765 100,000

The Western Investment Company of Canada Limited

Common Shares Mawani, Shafeen Ashraf

5 11/01/2018 10 0.55 612,606 1,000


Common Shares The Western Investment Company of Canada Limited

1 08/12/2017 38 0.47 10,000 10,000



1 12/12/2017 38 0.5 15,000 5,000



1 13/12/2017 38 0.5 20,000 5,000



1 14/12/2017 38 0.49 25,000 5,000



1 15/12/2017 38 0.46 29,000 4,000



1 20/12/2017 38 0.49 34,000 5,000



1 21/12/2017 38 0.49 37,000 3,000



1 27/12/2017 38 0.5 42,000 5,000



1 28/12/2017 38 0.49 54,000 12,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 922


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



1 29/12/2017 38 0.4614 61,000 7,000



1 29/12/2017 38 0 -61,000

theScore, Inc. Options Lean, Ralph E. 4 11/01/2018 50 380,000 80,000

theScore, Inc. Subordinate Voting Shares - Class A

Lean, Ralph E. 4 31/12/2017 30 0.22 98,363 73,363

theScore, Inc. Options Scholes, Mark A. 4 11/01/2018 50 380,000 80,000

theScore, Inc. Subordinate Voting Shares - Class A

Scholes, Mark A. 4 31/12/2017 30 0.22 110,094 73,363

ThreeD Capital Inc.(formerly Brownstone Energy Inc.)

Common Shares 1313366 Ontario Inc. 3 12/01/2018 10 0.15 1,200,000


Common Shares 1313366 Ontario Inc. 3 12/01/2018 54 0.15 4,950,000 1,200,000


Common Shares 1313366 Ontario Inc. 3 15/01/2018 54 0.15 6,070,000 1,400,000


Common Shares 1313366 Ontario Inc. 3 15/01/2018 10 0.7633 4,150,000 -1,920,000


Warrants 1313366 Ontario Inc. 3 15/01/2018 54 0.15 4,750,000 -1,400,000


Common Shares Inwentash, Sheldon 4, 6, 5 19/01/2018 10 0.313 6,200,000 600,000


Common Shares Kopman, Jeff 6 15/01/2018 54 0.15 6,070,000 1,400,000


Common Shares Kopman, Jeff 6 15/01/2018 10 0.7633 4,150,000 -1,920,000


Warrants Kopman, Jeff 6 15/01/2018 54 0.15 4,750,000 -1,400,000

Tidewater Midstream and Infrastructure Ltd.

Common Shares Vorra, Joel Kyle 5 16/01/2018 10 1.528 208,950 2,350

TORC Oil & Gas Ltd. Common Shares Canada Pension Plan Investment Board

3 15/01/2018 35 301,359 786

TORC Oil & Gas Ltd. Common Shares Canada Pension Plan Investment Board

3 15/01/2018 35 47,888,026 124,981

TORC Oil & Gas Ltd. Common Shares Zabinsky, Jason 5 12/01/2018 10 7.65 711,357 -978

TORC Oil & Gas Ltd. Common Shares Zabinsky, Jason 5 12/01/2018 10 7.65 691 326



Torino Power Solutions Inc.

Common Shares Loree, Bryan 4, 5 15/01/2018 46 4,306,479 818,182


Common Shares Mlait, Ravinder 4, 5 05/06/2017 46 3,181,277 312,500


Common Shares Mlait, Ravinder 4, 5 15/01/2018 46 3,999,459 818,182

Torq Resources Inc. Common Shares Kosowan, Michael 4, 5 16/01/2018 10 0.55 5,642,000 95,000

Torstar Corporation Non-Voting Shares Class B

Harvey, Campbell Russell

3, 4 16/01/2018 90 246,052 -246,052

Insider Reporting

January 25, 2018

(2018), 41 OSCB 923


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



3, 4 16/01/2018 90 0 -246,052



3, 4 31/01/2002 00



3, 4 16/01/2018 90 246,052 246,052



3, 4 16/01/2018 90 376,246 246,052

Tourmaline Oil Corp. Common Shares Rose, Mike 5 16/01/2018 10 21.18 10,275,826 2,500





Transat A.T. inc. Action à droit de vote de catégorie B

Adamo, Joseph 7 11/01/2018 57 10.99 24,711 2,196

Transat A.T. inc. Options Adamo, Joseph 7 11/01/2018 50 10.94 38,311 7,758

Transat A.T. inc. Unités d'actions avec restrictions (UAR)

Adamo, Joseph 7 11/01/2018 38 8.73 -2,822


Adamo, Joseph 7 11/01/2018 38 8.73 15,245 -2,822

Transat A.T. inc. Unités d'actions liées à la performance (UAP)

Adamo, Joseph 7 11/01/2018 57 10.99 14,409 -2,196


Adamo, Joseph 7 11/01/2018 97 10.99 11,901 -2,508


Adamo, Joseph 7 11/01/2018 56 10.94 21,830 9,929

Transat A.T. inc. Options Barre, Michèle 7 11/09/2017 00

Transat A.T. inc. Options Barre, Michèle 7 11/01/2018 50 10.94 6,202 6,202

Transat A.T. inc. Options Barre, Michèle 7 11/09/2017 00

Transat A.T. inc. Options Barre, Michèle 7 11/01/2018 50 10.94 6,202


Barre, Michèle 7 11/09/2017 00


Barre, Michèle 7 11/01/2018 56 10.94 7,937


Barre, Michèle 7 11/01/2018 56 10.94 7,937 7,937


Bussières, Bernard 7, 5 11/01/2018 57 10.99 73,513 2,657

Transat A.T. inc. Options Bussières, Bernard 7, 5 11/01/2018 50 10.94 173,767 8,325


Bussières, Bernard 7, 5 11/01/2018 38 8.73 -3,414


Bussières, Bernard 7, 5 11/01/2018 38 8.73 17,693 -3,414






Bussières, Bernard 7, 5 11/01/2018 56 10.94 22,546 10,654


Eustache, Jean-Marc 4, 7, 5 11/01/2018 57 10.99 427,202 16,566

Transat A.T. inc. Options Eustache, Jean-Marc 4, 7, 5 11/01/2018 50 10.94 981,082 57,063


Eustache, Jean-Marc 4, 7, 5 11/01/2018 38 8.73 -29,030


Eustache, Jean-Marc 4, 7, 5 11/01/2018 38 8.73 122,668 -29,030






Eustache, Jean-Marc 4, 7, 5 11/01/2018 56 10.94 152,798 70,937


Fonds de solidarité FTQ

3 17/01/2018 10 11 4,360,426 -450,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 924


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Gervais, Andrée 7 11/01/2018 57 10.99 1,477 1,477


Gervais, Andrée 7 11/01/2018 38 8.73 -2,372


Gervais, Andrée 7 11/01/2018 38 8.73 12,044 -2,372


Gervais, Andrée 7 11/01/2018 56 10.94 1,982


Gervais, Andrée 7 11/01/2018 56 10.94 14,026 1,982


Gervais, Andrée 7 11/01/2018 57 10.99 6,455 -1,477


Gervais, Andrée 7 11/01/2018 97 10.99 -1,687


Gervais, Andrée 7 11/01/2018 97 10.99 4,768 -1,687


Gervais, Andrée 7 11/01/2018 56 10.94 8,732 3,964


Godbout, Daniel 7, 5 11/01/2018 57 10.99 94,355 3,081


Godbout, Daniel 7, 5 11/01/2018 10 11.1 25 -5,000

Transat A.T. inc. Options Godbout, Daniel 7, 5 11/01/2018 50 10.94 202,967 9,137


Godbout, Daniel 7, 5 11/01/2018 38 8.73 -3,959


Godbout, Daniel 7, 5 11/01/2018 38 8.73 20,719 -3,959


Godbout, Daniel 7, 5 11/01/2018 57 10.99 17,582 -3,081


Godbout, Daniel 7, 5 11/01/2018 97 10.99 14,064 -3,518


Godbout, Daniel 7, 5 11/01/2018 56 10.94 25,757 11,693


Guérard, Annick 7, 5 11/01/2018 57 10.99 40,319 2,783

Transat A.T. inc. Options Guérard, Annick 7, 5 11/01/2018 50 10.94 111,863 26,500


Guérard, Annick 7, 5 11/01/2018 38 8.73 -3,576


Guérard, Annick 7, 5 11/01/2018 38 8.73 19,349 -3,576


Guérard, Annick 7, 5 11/01/2018 57 10.99 22,242 -2,783


Guérard, Annick 7, 5 11/01/2018 97 10.99 19,064 -3,178


Guérard, Annick 7, 5 11/01/2018 56 10.94 50,554 31,490


Hennebelle, Christophe 5 11/01/2018 57 10.99 15,720 2,045

Transat A.T. inc. Options Hennebelle, Christophe 5 11/01/2018 50 10.94 24,636 8,125


Hennebelle, Christophe 5 11/01/2018 38 8.73 -2,628


Hennebelle, Christophe 5 11/01/2018 38 8.73 15,245 -2,628






Hennebelle, Christophe 5 11/01/2018 56 10.94 20,746 10,398


Leclaire, Bruno 5 11/01/2018 57 10.99 7,919 2,228

Transat A.T. inc. Options Leclaire, Bruno 5 11/01/2018 50 10.94 18,239 8,125


Leclaire, Bruno 5 11/01/2018 38 8.73 -2,864


Leclaire, Bruno 5 11/01/2018 38 8.73 14,989 -2,864

Insider Reporting

January 25, 2018

(2018), 41 OSCB 925


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Leclaire, Bruno 5 11/01/2018 57 10.99 13,862 -2,228


Leclaire, Bruno 5 11/01/2018 97 10.99 11,316 -2,546


Leclaire, Bruno 5 11/01/2018 56 10.94 21,714 10,398


Lemay, Jean-François 7 11/01/2018 57 10.99 43,559 2,809

Transat A.T. inc. Options Lemay, Jean-François 7 11/01/2018 50 10.94 86,196 13,250


Lemay, Jean-François 7 11/01/2018 38 8.73 -3,611


Lemay, Jean-François 7 11/01/2018 38 8.73 19,056 -3,611


Lemay, Jean-François 7 11/01/2018 57 10.94 -2,809






Lemay, Jean-François 7 11/01/2018 56 10.94 36,505 17,441


Pétrin, Denis 7, 5 11/01/2018 57 10.99 67,240 4,013

Transat A.T. inc. Options Pétrin, Denis 7, 5 11/01/2018 50 10.94 158,811 13,250


Pétrin, Denis 7, 5 11/01/2018 38 8.73 -6,448


Pétrin, Denis 7, 5 11/01/2018 38 8.73 29,950 -6,448


Pétrin, Denis 7, 5 11/01/2018 57 10.99 25,053 -4,013


Pétrin, Denis 7, 5 11/01/2018 97 10.99 20,469 -4,584


Pétrin, Denis 7, 5 11/01/2018 56 10.94 37,910 17,441

TransCanada Corporation

Common Shares Patry, Dean C. 7 31/01/2017 90 520 20

TransCanada Corporation

Common Shares Stuart, Samantha 7 08/01/2018 00 800

Transcontinental Inc. Subordinate Voting Shares Catégorie A

Transcontinental inc. 1 15/01/2018 38 24.489 279,610 9,191

Trevali Mining Corporation

Bonus Shares CRUISE, MARK DANIEL

4, 5 16/01/2018 57 1.56 0 -858,018


Common Shares CRUISE, MARK DANIEL

4, 5 16/01/2018 57 1.56 3,228,738 858,018


Options CRUISE, MARK DANIEL

4, 5 16/01/2018 50 1.59 2,743,070 224,360


Restricted Share Units (RSUs)

CRUISE, MARK DANIEL

4, 5 16/01/2018 56 120,820 120,820


Bonus Shares Keller, Paul David 5 16/01/2018 57 1.56 0 -584,898


Common Shares Keller, Paul David 5 16/01/2018 57 1.56 1,695,625 584,898


Common Shares Keller, Paul David 5 19/01/2018 10 1.509 1,545,625 -150,000


Options Keller, Paul David 5 16/01/2018 50 1.59 1,625,590 48,080



Keller, Paul David 5 16/01/2018 56 25,890 25,890


Bonus Shares Ladd, Anna Man-Yue 5 16/01/2018 57 1.56 0 -452,930


Common Shares Ladd, Anna Man-Yue 5 16/01/2018 57 1.56 1,237,390 452,930


Options Ladd, Anna Man-Yue 5 16/01/2018 50 1.59 1,669,650 203,530



Ladd, Anna Man-Yue 5 16/01/2018 56 109,600 109,600

Insider Reporting

January 25, 2018

(2018), 41 OSCB 926


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Bonus Shares Marinov, Daniel 5 16/01/2018 57 1.56 0 -170,486


Common Shares Marinov, Daniel 5 16/01/2018 57 1.56 446,281 170,486


Common Shares Marinov, Daniel 5 19/01/2018 11 1.5 410,615 -35,666


Common Shares Marinov, Daniel 5 01/04/2013 00


Common Shares Marinov, Daniel 5 19/01/2018 11 1.5 35,666 35,666


Options Marinov, Daniel 5 16/01/2018 50 1.59 448,790 41,030



Marinov, Daniel 5 16/01/2018 56 22,100 22,100


Bonus Shares Stakiw, Edward Stephen

5 16/01/2018 57 1.56 0 -183,094


Common Shares Stakiw, Edward Stephen

5 16/01/2018 57 1.56 740,287 183,094


Options Stakiw, Edward Stephen

5 16/01/2018 50 1.59 652,690 36,540



Stakiw, Edward Stephen

5 16/01/2018 56 19,680 19,680

Tricon Capital Group Inc.

Deferred Share Units Baldridge, Kevin 7 15/01/2018 30 10.77 78,360 635


Deferred Share Units Berman, David 3, 4, 6, 5

15/01/2018 30 10.77 387,199 2,323


Deferred Share Units Berman, Gary 4, 5 15/01/2018 30 10.77 667,506 4,004


Deferred Share Units Blum, Alexandra 5 15/01/2018 30 10.77 4,589 28


Deferred Share Units Carmody, Andrew 5 15/01/2018 30 10.77 13,014 78


Deferred Share Units Dube, Evelyne 5 15/01/2018 30 10.77 1,038 6


Deferred Share Units Ellenzweig, Jonathan 5 15/01/2018 30 10.77 110,110 898


Deferred Share Units Francis, Wissam 5 15/01/2018 30 10.77 18,879 113


Deferred Share Units Gluskin, Ira 4 15/01/2018 30 10.77 8,392 50


Deferred Share Units Joyner, Andrew 5 15/01/2018 30 10.77 25,242 30


Deferred Share Units KNOWLTON, JOHN MICHAEL ARTHUR

4 15/01/2018 30 10.77 14,867 89


Deferred Share Units Matthews, Sian Margaret

4 15/01/2018 30 10.77 17,886 108


Deferred Share Units MATUS, GEOFFREY 3, 4, 6, 5

15/01/2018 30 10.77 56,256 556


Deferred Share Units MATUS, GEOFFREY 3, 4, 6, 5

15/01/2018 30 10.77 55,158 112


Deferred Share Units Quesnel, Douglas Paul 5 15/01/2018 30 10.77 22,285 134


Deferred Share Units Sacks, Peter 4 15/01/2018 30 10.77 11,223 67


Deferred Share Units Scheetz, Jeremy 5 15/01/2018 30 10.77 67,731 514


Common Shares Tricon Capital Group Inc.

1 12/01/2018 38 10.704 60,500 60,500



1 15/01/2018 38 10.618 121,000 60,500



1 16/01/2018 38 10.67 153,300 32,300


Deferred Share Units Veneziano, David 5 15/01/2018 30 10.77 6,217 37

Trigon Metals Inc. Common Shares Aberdeen International Inc.

3 31/07/2017 00

Insider Reporting

January 25, 2018

(2018), 41 OSCB 927


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Trigon Metals Inc. Common Shares Aberdeen International Inc.

3 15/01/2018 16 0.35 1,428,571 1,428,571

Trigon Metals Inc. Warrants Aberdeen International Inc.

3 31/07/2017 00

Trigon Metals Inc. Warrants Aberdeen International Inc.

3 15/01/2018 16 0.5 1,428,571 1,428,571

Triumph Gold Corp. Common Shares Palisade Global Investments Ltd.

3 15/01/2018 54 0.1 10,147,333 834,000

Triumph Gold Corp. Warrants Warrants Palisade Global Investments Ltd.

3 15/01/2018 54 1,999,667 -834,000

Tucows Inc. Common Shares Stocks, Jody 5 11/01/2018 51 2.92 4,791 2,500

Tucows Inc. Common Shares Stocks, Jody 5 11/01/2018 97 3,971 -820

Tucows Inc. Common Shares Stocks, Jody 5 11/01/2018 51 5.52 5,471 1,500

Tucows Inc. Common Shares Stocks, Jody 5 11/01/2018 97 4,979 -492

Tucows Inc. Options Stocks, Jody 5 11/01/2018 51 2.92 25,780 -2,500

Tucows Inc. Options Stocks, Jody 5 11/01/2018 51 5.52 24,280 -1,500

Uni-Sélect Inc. Unités d'actions différées (UAD) / Deferred Share Unit Plan

Arndt, Steve 5 16/01/2018 35 27.17 17,632 60


Bussieres, Eric 5 16/01/2018 35 27.17 1,779 6



4 16/01/2018 35 27.17 5,394 18


Courville, André 4 16/01/2018 35 27.17 11,419 39


Curadeau-Grou, Patricia

4 16/01/2018 35 27.17 23,921 81


Hall, Jeffrey 4 16/01/2018 35 27.17 5,173 18


Heath, George Edmund

4 16/01/2018 35 27.17 1,328 5


Hotte, Annie 5 16/01/2018 35 27.17 7,497 26


Juneau, Louis 5 16/01/2018 35 27.17 7,687 26


Keister, Richard Lewis 4 16/01/2018 35 27.17 15,066 51


Lees-Buckley, Henry 4, 5 16/01/2018 35 27.17 20,869 70


Molenaar, Robert 4 16/01/2018 35 27.17 3,778 12


Roy, Richard G 4 16/01/2018 35 27.17 2,059 7


Welvaert, Dennis 4 16/01/2018 35 27.17 13,053 44

Uniserve Communications Corporation

Common Shares Jeffery, Nicholas 4 22/12/2017 10 0.41 262,000 -138,000


Common Shares Mitha, Hashim 4 15/01/2018 10 0.55 457,300 -15,500



Insider Reporting

January 25, 2018

(2018), 41 OSCB 928


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed





Urbana Corporation Common Shares CALDWELL, BRENDAN T.N.

3 12/01/2018 90 472,176 -1,502


3 12/01/2018 90 31,613 1,502


3 12/01/2018 90 32,103 -1,502


3 18/08/2009 00


3 12/01/2018 90 1,502 1,502

Val-d'Or Mining Corporation (formerly Nunavik Nickel Mines Ltd.)

Common Shares Shewchuk, Lukas C.W. 4 15/01/2018 10 0.105 115,000 15,000







Valens Groworks Corp. (formerly Genovation Capital Corp.)

Common Shares 1009368 BC LTD. 3 11/01/2018 11 1.15 23,125,050 153,693


Warrants 1009368 BC LTD. 3 11/01/2018 54 1.15 409,585 -153,693


Common Shares Gervais, David 4 11/01/2018 11 1.15 5,577,785 38,641


Warrants Gervais, David 4 11/01/2018 54 1.15 169,820 -38,641


Common Shares Robson, Andrew Tyler 4 12/01/2018 10 1.9 3,695,028 2,000


Common Shares Tombe, Timothy 4 08/01/2018 10 2.57 6,686,446 -5,000






Common Shares Tombe, Timothy 4 11/01/2018 11 1.15 6,754,369 76,923


Warrants Tombe, Timothy 4 11/01/2018 54 1.15 0 -76,923


Common Shares van Santen, Robert Jacob

4, 5 28/12/2017 10 3.255 -90,566


Common Shares van Santen, Robert Jacob

4, 5 28/12/2017 10 3.24 2,510,268 -103,166

Vermilion Energy Inc. Common Shares Schut, Gerard 5 11/01/2018 10 48 36,665 -2,500

Insider Reporting

January 25, 2018

(2018), 41 OSCB 929


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed

Visible Gold Mines Inc. Common Shares Dallaire, Martin 4, 5 19/01/2018 10 0.154 280,000 21,464

Vital Energy Inc. (formerly Ceno Energy Ltd.)

Common Shares Chen, Fang 4 01/11/2017 10 0.25 1,652,474 -75,000



Chen, Fang 4 19/06/2014 00



Chen, Fang 4 19/06/2014 00



Chen, Fang 4 19/06/2014 00



Chen, Fang 4 19/06/2014 00



Chen, Fang 4 23/12/2015 97 0.1 $30,000 $30,000


Options Chen, Fang 4 13/06/2014 50 0.25 450,000 450,000


Options Chen, Fang 4 19/06/2014 00








Options Chen, Fang 4 19/06/2014 50 0.25 450,000



4, 5 13/06/2014 37 149,247 -5,590,537



4, 5 27/10/2014 10 0.2 20,000



4, 5 27/10/2014 10 0.2 194,247 17,500



4, 5 27/10/2014 10 0.2 50,000



4, 5 27/10/2014 10 0.2 93,500



4, 5 27/10/2014 10 0.2 264,247 70,000



4, 5 31/12/2014 10 0.19 374,247 7,000



4, 5 27/02/2015 10 0.16 474,747 22,500



4, 5 15/06/2015 10 0.1 496,747 2,000



4, 5 18/06/2015 10 0.15 500,247 3,500



4, 5 19/06/2015 10 0.2 521,747 21,500

Insider Reporting

January 25, 2018

(2018), 41 OSCB 930


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



4, 5 02/07/2015 10 0.19 17,500



4, 5 02/07/2015 10 0.19 744,247 22,500



4, 5 10/09/2015 10 0.11 10,000



4, 5 10/09/2015 10 0.11 10,000



4, 5 15/09/2015 10 0.11 5,000



4, 5 17/09/2015 10 0.1 1,000



4, 5 21/09/2015 10 0.11 5,000



4, 5 28/09/2015 10 0.11 5,000



4, 5 07/10/2015 10 0.08 5,000



4, 5 13/10/2015 10 0.08 10,000



4, 5 23/10/2015 10 0.08 5,000



4, 5 30/12/2015 10 0.05 2,000



4, 5 28/10/2016 10 0.06 778,247 13,000



4, 5 23/12/2016 10 0.05 784,247 6,000



4, 5 30/12/2016 10 0.05 794,247 10,000



4, 5 03/02/2017 10 0.06 810,247 16,000



4, 5 08/06/2017 10 0.1 812,747 2,500



4, 5 14/06/2017 10 0.1 835,747 23,000



4, 5 15/06/2017 10 0.09 837,247 1,500



4, 5 15/06/2017 10 0.1 911,747 74,500



4, 5 27/06/2017 10 0.09 960,247 48,500



4, 5 30/06/2017 10 0.08 964,247 4,000



4, 5 05/07/2017 10 0.08 965,247 1,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 931


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



4, 5 10/07/2017 10 0.08 966,247 1,000



4, 5 27/10/2014 10 0.2 36,000 36,000



4, 5 15/09/2015 10 0.11 41,000 5,000



4, 5 17/09/2015 10 0.1 1,000



4, 5 17/09/2015 10 0.1 1,000



4, 5 21/09/2015 10 0.11 5,000



4, 5 21/09/2015 10 0.11 5,000



4, 5 28/09/2015 10 0.11 5,000



4, 5 28/09/2015 10 0.11 5,000



4, 5 07/10/2015 10 0.08 5,000



4, 5 07/10/2015 10 0.08 5,000



4, 5 13/10/2015 10 0.08 10,000



4, 5 13/10/2015 10 0.08 10,000



4, 5 23/10/2015 10 0.075 5,000



4, 5 23/10/2015 10 0.075 5,000



4, 5 23/10/2015 10 0.08 5,000



4, 5 23/10/2015 10 0.08 5,000



4, 5 30/12/2015 10 0.05 2,000



4, 5 30/12/2015 10 0.05 2,000



4, 5 29/01/2016 10 0.07 1,000



4, 5 29/01/2016 10 0.1 123,000 22,000



4, 5 03/02/2016 10 0.1 139,000 16,000



4, 5 12/02/2016 10 0.08 140,000 1,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 932


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



4, 5 16/02/2016 10 0.08 144,000 4,000



4, 5 28/06/2016 10 0.1 146,000 2,000



4, 5 14/07/2016 10 0.1 147,000 1,000



4, 5 29/07/2016 10 0.1 157,000 10,000



4, 5 02/08/2016 10 0.1 160,000 3,000



4, 5 22/09/2016 10 0.08 162,000 2,000



4, 5 26/09/2016 10 0.09 168,000 6,000




4, 5 13/06/2014 38 $0 -$25,000








Common Shares Zhou, Hai 3, 4 03/11/2015 11 0.1 32,858,879 10,500,000


Common Shares Zhou, Hai 3, 4 08/05/2016 11 0.1 22,358,879 -10,500,000


Common Shares Zhou, Hai 3, 4 31/12/2017 11 0 -22,358,879




Common Shares Zhou, Hai 3, 4 08/05/2016 11 0.1 10,500,000 10,500,000


Common Shares Zhou, Hai 3, 4 31/12/2017 11 32,858,879 22,358,879



Zhou, Hai 3, 4 08/05/2016 97 0.1 $0 -$1,950,000



Zhou, Hai 3, 4 30/09/2013 00



Zhou, Hai 3, 4 08/05/2016 97 0.1 $1,950,000 $1,950,000


Options Zhou, Hai 3, 4 18/06/2014 11 0.25 450,000 450,000


Options Zhou, Hai 3, 4 18/06/2015 11 0.25 450,000

Vodis Pharmaceuticals Inc.

Common Shares Good, Derek 3 08/01/2018 10 0.7108 8,704,000 -85,000



Insider Reporting

January 25, 2018

(2018), 41 OSCB 933


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed













VR Resources Ltd. Common Shares Gunning, Michael Hewitt

5 15/01/2018 10 4,733,000 12,500


5 16/01/2018 10 4,738,000 5,000


5 18/01/2018 10 4,753,500 15,500


5 18/01/2018 51 0.05 4,803,500 50,000


5 19/01/2018 10 4,815,500 12,000

VR Resources Ltd. Options Gunning, Michael Hewitt

5 18/01/2018 51 0.05 550,000 -50,000

Wallbridge Mining Company Limited

Common Shares Montgomery, Mary Irene

5 11/01/2018 57 528,809 10,590


Rights RSU Montgomery, Mary Irene

5 11/01/2018 51 -10,590


Rights RSU Montgomery, Mary Irene

5 11/01/2018 57 35,000 -10,590


Common Shares Pentek, Attila 5 01/01/2018 00


Common Shares Pentek, Attila 5 11/01/2018 57 5,290 5,290


Options Pentek, Attila 5 01/01/2018 00 725,000


Rights RSU Pentek, Attila 5 01/01/2018 00 155,290


Rights RSU Pentek, Attila 5 11/01/2018 57 150,000 -5,290


Common Shares Soever, Alar 4, 5 02/01/2018 57 0.05 230,000


Common Shares Soever, Alar 4, 5 02/01/2018 57 1,339,945 230,000


Common Shares Soever, Alar 4, 5 11/01/2018 57 1,371,705 31,760


Rights RSU Soever, Alar 4, 5 11/01/2018 57 400,000 -31,760


Common Shares Zubal, Linda 5 11/01/2018 57 158,312 7,060


Rights RSU Zubal, Linda 5 11/01/2018 57 25,000 -7,060

WeedMD Inc. (formerly Aumento Capital V Corporation)

Options Dawson-Scully, Bruce 4, 5 12/01/2018 50 987,500 425,000


Options Duchesne, Dr. Luc C 5 12/01/2018 50 862,500 425,000


Options Kraft, Michael 4, 5 19/04/2017 00


Options Kraft, Michael 4, 5 12/01/2018 50 425,000 425,000


Options McGovern, Kevin 4 12/01/2018 00

Insider Reporting

January 25, 2018

(2018), 41 OSCB 934


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed


Options McGovern, Kevin 4 12/01/2018 50 155,000


Options McGovern, Kevin 4 12/01/2018 50 155,000


Options McGovern, Kevin 4 12/01/2018 00


Options McGovern, Kevin 4 12/01/2018 50 155,000 155,000


Options Merker, Keith 4, 5 19/04/2017 00


Options Merker, Keith 4, 5 12/01/2018 50 425,000 425,000


Options Moscone, Rick 4 13/04/2017 00


Options Moscone, Rick 4 12/01/2018 50 60,000 60,000


Options Paech, Gail Florence 4 19/04/2017 00


Options Paech, Gail Florence 4 12/01/2018 50 258,000 258,000

West Kirkland Mining Inc.

Common Shares Jones, R. Michael 4 11/01/2018 10 0.07 2,641,908 25,000

West Kirkland Mining Inc.

Common Shares Lebel, Pierre 4 15/01/2018 10 0.7 243,000 43,000

Western Energy Services Corp.

Common Shares Mathison, Ronald 4 12/01/2018 10 1.32 3,440,140 2,508,800

Western Energy Services Corp.

Common Shares Mathison, Ronald 4 17/01/2018 10 1.32 4,090,140 650,000

Westridge Resources Inc.

Warrants Cooper, Christopher 4 15/01/2018 11 0.25 0 -30,000


Common Shares Radvak, William Joseph

4 11/01/2018 10 0.55 479,000 -45,000



4 11/01/2018 10 0.53 454,000 -25,000



4 11/01/2018 10 0.49 419,000 -35,000



4 12/01/2018 10 0.52 404,000 -15,000



4 12/01/2018 54 0.1 604,000 200,000



4 17/01/2018 10 0.56 584,000 -20,000



4 18/01/2018 10 0.58 569,000 -15,000


Warrants Radvak, William Joseph

4 12/01/2018 54 0 -200,000

Westshore Terminals Investment Corporation

Common Shares Stinson, William W. 4, 5 15/01/2018 30 25.759 57,556 355

Wolfden Resources Corporation

Common Shares Hoy, Donald 4, 5 16/01/2018 11 0.2 778,300 -50,000


Common Shares Little, Ron 4 15/01/2018 16 0.29 970,000 750,000


Warrants Little, Ron 4 15/01/2018 16 0.61 430,000 375,000

Wow Unlimited Media Inc. (formerly, Rainmaker Entertainment Inc.)

Common Shares Voting Chou America Management Inc.

3 17/03/2014 00

Insider Reporting

January 25, 2018

(2018), 41 OSCB 935


T/O Unit Price

Date/Month End

Holdings

Acquired/ Disposed



3 19/12/2016 36 8,082,730 8,082,730



3 19/12/2016 37 808,273 -7,274,457


Convertible Debentures 8% Unsecured; Conversion: $0.20; Maturity: 03/2016

Chou America Management Inc.

3 19/12/2016 36 $1,425,600 -$356,400


Convertible Debentures 8% Unsecured; Conversion: $0.20; Maturity: 03/2016

Chou America Management Inc.

3 19/12/2016 36 $0 -$1,425,600

WSP Global Inc. Restricted Shares Units Blasutta, Hugo Joseph 5 31/03/2017 35 47.91 10,169 83




WSP Global Inc. Restricted Shares Units Blasutta, Hugo Joseph 5 15/01/2018 59 59.74 0 -10,761

WSP Global Inc. Common Shares Canada Pension Plan Investment Board

3 15/01/2018 35 20,207,267 128,599

Xebec Adsorption Inc. Common Shares ARNSBY, SIMON DAVID

3 16/01/2018 10 0.59 56,000


3 16/01/2018 10 0.59 4,774,500 66,000


3 18/01/2018 10 0.56 4,814,500 40,000

XORTX Therapeutics Inc. (formerly, APAC Resources Inc.)

Common Shares Rowlands, William Bruce

4 10/01/2018 00 319,172

Yangaroo Inc. Common Shares Boone, Horace Shepard

3 17/01/2018 10 0.3 6,653,696 -68,000

Zedcor Energy Inc. Common Shares McKinnon, Ian H. 4, 5 15/01/2018 00

Zedcor Energy Inc. Common Shares McKinnon, Ian H. 4, 5 15/01/2018 47 166,666 166,666

Zedcor Energy Inc. Options McKinnon, Ian H. 4, 5 15/01/2018 00

Zedcor Energy Inc. Options McKinnon, Ian H. 4, 5 15/01/2018 50 0.25 500,000 500,000

Zedcor Energy Inc. Common Shares Purves, George Andrew

4 15/01/2018 00

Zedcor Energy Inc. Options Purves, George Andrew

4 15/01/2018 00

Zedcor Energy Inc. Options Purves, George Andrew

4 15/01/2018 50 0.25 75,000 75,000

Zedcor Energy Inc. Common Shares Swanberg, Dean Sylvan

3, 4 15/01/2018 47 10,978,858 -166,666

ZTEST Electronics Inc. Common Shares Brown, William James 4 12/01/2018 10 0.98 -10,000

ZTEST Electronics Inc. Common Shares Brown, William James 4 12/01/2018 10 0.93 45,000 -5,000

ZTEST Electronics Inc. Common Shares Brown, William James 4 12/01/2018 10 0.94 40,000 -5,000

ZTEST Electronics Inc. Common Shares Brown, William James 4 16/01/2018 10 1 30,000 -10,000

ZTEST Electronics Inc. Common Shares Drzazga, Wojciech 4, 5 15/01/2018 10 1 454,577 -10,000

ZTEST Electronics Inc. Options Kindy, Michael Dell 5 12/01/2018 50 0.95 225,000 50,000

ZTEST Electronics Inc. Common Shares Perreault, John 3, 4, 7, 5

15/01/2018 51 0.05 100,000

ZTEST Electronics Inc. Common Shares Perreault, John 3, 4, 7, 5

15/01/2018 51 0.05 227,500 100,000

ZTEST Electronics Inc. Options Perreault, John 3, 4, 7, 5

15/01/2018 51 150,000 -100,000

ZTEST Electronics Inc. Options Smith, Steve 4 19/01/2017 00

ZTEST Electronics Inc. Options Smith, Steve 4 12/01/2018 50 0.95 200,000 200,000

Insider Reporting

January 25, 2018

(2018), 41 OSCB 936


January 25, 2018

(2018), 41 OSCB 937

Chapter 11

IPOs, New Issues and Secondary Financings

INVESTMENT FUNDS Issuer Name: Desjardins Money Market Fund Desjardins Canadian Bond Fund Desjardins SocieTerra Canadian Bond Fund Desjardins Enhanced Bond Fund Desjardins Global Inflation Linked Bond Fund Desjardins Global Corporate Bond Fund Desjardins Floating Rate Income Fund Desjardins Global Tactical Bond Fund Desjardins Canadian Preferred Share Fund Desjardins Emerging Markets Bond Fund Desjardins Tactical Balanced Fund Desjardins Québec Balanced Fund Desjardins Dividend Growth Fund Desjardins Canadian Equity Income Fund Desjardins Canadian Equity Fund Desjardins Canadian Equity Value Fund Desjardins Canadian Equity Growth Fund Desjardins American Equity Value Fund Desjardins American Equity Growth Fund Desjardins American Equity Growth Currency Neutral Fund Desjardins SocieTerra American Equity Fund Desjardins Overseas Equity Growth Fund Desjardins Global Dividend Fund Desjardins SocieTerra Environment Fund Desjardins Global Small Cap Equity Fund Desjardins IBrix Low Volatility Emerging Markets Fund Desjardins Emerging Markets Fund Desjardins Emerging Markets Opportunities Fund Desjardins Global Infrastructure Fund Melodia Maximum Growth Portfolio SocieTerra Conservative Portfolio SocieTerra Maximum Growth Portfolio Principal Regulator – Quebec Type and Date: Amendment #3 to Final Simplified Prospectus dated January 16, 2018 Received on January 17, 2018 Offering Price and Description: – Underwriter(s) or Distributor(s): N/A Promoter(s): Desjardins Investments Inc. Project #2579930 _______________________________________________

Issuer Name: Dividend 15 Split Corp. Principal Regulator – Ontario Type and Date: Preliminary Short Form Prospectus (NI 44-101) dated January 16, 2018 NP 11-202 Preliminary Receipt dated January 16, 2018 Offering Price and Description: Offering: $ *-* Preferred Shares and * Class A Shares Price: $* per Preferred Share and Class A Share Underwriter(s) or Distributor(s): National Bank Financial Inc. CIBC World Markets Inc. Scotia Capital Inc. RBC Dominion Securities Inc. TD Securities Inc. BMO Nesbitt Burns Inc. Canaccord Genuity Corp. Industrial Alliance Securities Inc. Echelon Wealth Partners Inc. GMP Securities L. P. Raymond James Ltd. Desjardins Securities Inc. Mackie Research Capital Corporation Manulife Securities Incorporated Promoter(s): N/A Project #2718536 _______________________________________________


January 25, 2018

(2018), 41 OSCB 938

Issuer Name: Dividend 15 Split Corp. Principal Regulator – Ontario Type and Date: Amended and Restated to Preliminary Short Form Prospectus dated January 17, 2018 NP 11-202 Preliminary Receipt dated January 18, 2018 Offering Price and Description: Offerings: $103,893,900 – 4,971,000 Preferred Shares and 4,971,000 Class A Shares Price: $10.00 per Preferred Share and $10.90 per Class A Share Underwriter(s) or Distributor(s): National Bank Financial Inc. CIBC World Markets Inc. Scotia Capital Inc. RBC Dominion Securities Inc. TD Securities Inc. BMO Nesbitt Burns Inc. Canaccord Genuity Corp. Industrial Alliance Securities Inc. Echelon Wealth Partners Inc. GMP Securities L. P. Raymond James Ltd. Desjardins Securities Inc. Mackie Research Capital Corporation Manulife Securities Incorporated Promoter(s): N/A Project #2718536 _______________________________________________ Issuer Name: Dividend Growth Split Corp. Principal Regulator – Ontario Type and Date: Amendment #1 to Final Shelf Prospectus dated January 17, 2018 Received on January 17, 2018 Offering Price and Description: – Underwriter(s) or Distributor(s): N/A Promoter(s): N/A Project #2472931 _______________________________________________

Issuer Name: Global Innovation Dividend Fund Principal Regulator – Alberta (ASC) Type and Date: Preliminary Long Form Prospectus dated January 19, 2018 NP 11-202 Preliminary Receipt dated January 19, 2018 Offering Price and Description: Maximum Offering: $* – * Units Minimum Offering: $20,000,000 – 2,000.000 Units Price: $10.00 per unit Minimum Purchase: $1000 – 100 Units Underwriter(s) or Distributor(s): CIBC World Markets Inc. RBC Dominion Securities Inc. BMO Nesbitt Burns Inc. Scotia Capital Inc. TD Securities Inc. Canaccord Genuity Corp. National Bank Financial Inc. Raymond James Ltd. Manulife Securities Incorporated Industrial Alliance Securities Inc. Middlefield Capital Corporation Desjardins Securities Inc. Mackie Research Capital Corporation Promoter(s): Middlefield Limited Project #2719879 _______________________________________________ Issuer Name: Mackenzie Emerging Markets Fund Mackenzie Emerging Markets Large Cap Fund Mackenzie Emerging Markets Small Cap Fund Mackenzie US Small Cap Fund Principal Regulator – Ontario Type and Date: Preliminary Simplified Prospectus dated January 19, 2018 NP 11-202 Preliminary Receipt dated January 19, 2018 Offering Price and Description: Series A, AR, D, F, FB, O, PW, PWF, PWFB, PWX and R Underwriter(s) or Distributor(s): N/A Promoter(s): Mackenzie Financial Corporation Project #2719732 _______________________________________________


January 25, 2018

(2018), 41 OSCB 939

Issuer Name: Marijuana Opportunities Fund Principal Regulator – Ontario Type and Date: Amendment #1 to Final Simplified Prospectus dated January 16, 2018 Received on January 17, 2018 Offering Price and Description: – Underwriter(s) or Distributor(s): N/A Promoter(s): Redwood Asset Management Inc. Project #2610753 _______________________________________________ Issuer Name: Sphere FTSE Canada Sustainable Yield Index ETF Sphere FTSE Europe Sustainable Yield Index ETF Sphere FTSE Emerging Markets Sustainable Yield Index ETF Principal Regulator – Ontario Type and Date: Amendment #2 to Final Long Form Prospectus dated January 16, 2018 Received on January 19, 2018 Offering Price and Description: – Underwriter(s) or Distributor(s): N/A Promoter(s): N/A Project #2584700 _______________________________________________ Issuer Name: The GBC Money Market Fund The GBC Canadian Bond Fund The GBC Growth and Income Fund The GBC Canadian Growth Fund The GBC American Growth Fund Inc. The GBC International Growth Fund Principal Regulator – Quebec Type and Date: Amended and Restated to Final Simplified Prospectus dated January 15, 2018 Received on January 16, 2018 Offering Price and Description: – Underwriter(s) or Distributor(s): Pembroke Private Wealth Management Ltd. Promoter(s): Pembroke Private Wealth Management Ltd. Project #2596116 _______________________________________________

Issuer Name: 1832 AM Canadian Dividend LP 1832 AM Canadian Growth LP 1832 AM Canadian Preferred Share LP 1832 AM Global Completion LP 1832 AM North American Preferred Share LP 1832 AM Tactical Asset Allocation LP Scotia Global Low Volatility Equity LP Scotia Total Return Bond LP Scotia U.S. Dividend Growers LP Scotia U.S. Low Volatility Equity LP Type and Date: Final Simplified Prospectus dated January 18, 2018 Receipted on January 18, 2018 Offering Price and Description: Series I units Underwriter(s) or Distributor(s): N/A Promoter(s): 1832 Asset Management L.P. Project #2708872 _______________________________________________ Issuer Name: Barometer Disciplined Leadership Balanced Fund Barometer Disciplined Leadership Equity Fund Barometer Disciplined Leadership Tactical Income Growth Fund Principal Regulator – Ontario Type and Date: Final Simplified Prospectus dated January 18, 2018 NP 11-202 Receipt dated January 19, 2018 Offering Price and Description: Series A, F and I units @ net asset value Underwriter(s) or Distributor(s): N/A Promoter(s): N/A Project #2708068 _______________________________________________ Issuer Name: BMO Canadian Top 15 Small Cap TACTIC Fund BMO FinTech Sector TACTIC Fund BMO U.S. Top 15 Small Cap TACTIC Fund Principal Regulator – Ontario Type and Date: Final Long Form Prospectus dated January 17, 2018 NP 11-202 Receipt dated January 18, 2018 Offering Price and Description: Units Underwriter(s) or Distributor(s): N/A Promoter(s): BMO Nesbitt Burns Inc. Project #2568232 _______________________________________________


January 25, 2018

(2018), 41 OSCB 940

Issuer Name: Dividend Growth Split Corp. Principal Regulator – Ontario Type and Date: Amendment #1 to Final Shelf Prospectus dated January 17, 2018 NP 11-202 Receipt dated January 19, 2018 Offering Price and Description: – Underwriter(s) or Distributor(s): N/A Promoter(s): N/A Project #2472931 _______________________________________________ Issuer Name: Dynamic Active Canadian Dividend Fund Dynamic Active Crossover Bond Fund Dynamic Active Global Dividend Fund Dynamic Active Global Financial Services Fund Dynamic Active Preferred Shares Fund Dynamic Active Tactical Bond Fund Dynamic Active U.S. Dividend Fund Dynamic Active U.S. Mid-Cap Fund Principal Regulator – Ontario Type and Date: Final Simplified Prospectus dated January 15, 2018 NP 11-202 Receipt dated January 17, 2018 Offering Price and Description: Series O Units Underwriter(s) or Distributor(s): 1832 Asset Management L.P. Promoter(s): 1832 Asset Management L.P. Project #2708029 _______________________________________________ Issuer Name: Dynamic iShares Active Canadian Dividend ETF Dynamic iShares Active Crossover Bond ETF Dynamic iShares Active Global Dividend ETF Dynamic iShares Active Global Financial Services ETF Dynamic iShares Active Preferred Shares ETF Dynamic iShares Active Tactical Bond ETF Dynamic iShares Active U.S. Dividend ETF Dynamic iShares Active U.S. Mid-Cap ETF Principal Regulator – Ontario Type and Date: Final Long Form Prospectus dated January 19, 2018 NP 11-202 Receipt dated January 22, 2018 Offering Price and Description: Units @ Net Asset Value Underwriter(s) or Distributor(s): N/A Promoter(s): N/A Project #2710247 _______________________________________________

Issuer Name: Horizons China High Dividend Yield Index ETF Principal Regulator – Ontario Type and Date: Final Long Form Prospectus dated January 18, 2018 NP 11-202 Receipt dated January 19, 2018 Offering Price and Description: Class A units @ net asset value Underwriter(s) or Distributor(s): N/A Promoter(s): N/A Project #2708632 _______________________________________________ Issuer Name: Mackenzie Balanced ETF Portfolio Mackenzie Conservative ETF Portfolio Mackenzie Conservative Income ETF Portfolio Mackenzie Growth ETF Portfolio Mackenzie Moderate Growth ETF Portfolio Principal Regulator – Ontario Type and Date: Final Simplified Prospectus dated January 15, 2018 NP 11-202 Receipt dated January 16, 2018 Offering Price and Description: Series A, AR, D, F, F5, FB, FB5, O, PW, PWF, PWF5, PWFB, PWFB5, PWT5, PWX, PWX5 and T5 securities Underwriter(s) or Distributor(s): N/A Promoter(s): Mackenzie Financial Corporation Project #2694335 _______________________________________________ Issuer Name: RP Strategic Income Plus Fund Principal Regulator – Ontario Type and Date: Final Simplified Prospectus dated January 12, 2018 NP 11-202 Receipt dated January 16, 2018 Offering Price and Description: Class A, Class F, Class O and Class M Units @ Net Asset Value Underwriter(s) or Distributor(s): N/A Promoter(s): RP Investment Advisors GP Inc. Project #2708952 _______________________________________________


January 25, 2018

(2018), 41 OSCB 941

Issuer Name: Vanguard Balanced ETF Portfolio Vanguard Conservative ETF Portfolio Vanguard Global Liquidity Factor ETF Vanguard Global Minimum Volatility ETF Vanguard Global Momentum Factor ETF Vanguard Global Value Factor ETF Vanguard Growth ETF Portfolio Principal Regulator – Ontario Type and Date: Final Long Form Prospectus dated January 9, 2018 NP 11-202 Receipt dated January 17, 2018 Offering Price and Description: units @ net asset value Underwriter(s) or Distributor(s): N/A Promoter(s): Vanguard Investments Canada Inc. Project #2692070 _______________________________________________


January 25, 2018

(2018), 41 OSCB 942

NON-INVESTMENT FUNDS Issuer Name: Emblem Corp. (formerly Saber Capital Corp.) Principal Regulator – Ontario Type and Date: Preliminary Short Form Prospectus dated January 18, 2018 NP 11-202 Preliminary Receipt dated January 18, 2018 Offering Price and Description: $25,000,002.00 Offering of Units (12,195,123 Units at a price of $2.05 per Unit) – and - $25,000,000.00 of 8.0% Convertible Unsecured Debentures due in 2021 (25,000 Debentures at a price of $1,000.00 per Debenture) Underwriter(s) or Distributor(s): Eight Capital Canaccord Genuity Corp. Echelon Wealth Partners Inc. GMP Securities L.P. Promoter(s): – Project #2717673 _______________________________________________ Issuer Name: Golden Predator Mining Corp. Principal Regulator – British Columbia Type and Date: Preliminary Short Form Prospectus dated January 22, 2018 NP 11-202 Preliminary Receipt dated January 22, 2018 Offering Price and Description: $* * Flow-Through Units Price: $* per Flow-Through Unit Underwriter(s) or Distributor(s): Clarus Securities Inc. Promoter(s): – Project #2720224 _______________________________________________ Issuer Name: Mandalay Resources Corporation Principal Regulator – Ontario Type and Date: Preliminary Shelf Prospectus dated January 22, 2018 NP 11-202 Preliminary Receipt dated January 22, 2018 Offering Price and Description: C$250,000,000.00 Common Shares, Debt Securities, Subscription Receipts, Warrants, Units Underwriter(s) or Distributor(s): – Promoter(s): – Project #2720137 _______________________________________________

Issuer Name: Organigram Holdings Inc. (formerly, Inform Exploration Corp.) Principal Regulator – New Brunswick Type and Date: Preliminary Short Form Prospectus dated January 16, 2018 NP 11-202 Preliminary Receipt dated January 16, 2018 Offering Price and Description: $100,000,000.00 – 6.00% Convertible Unsecured Debentures Price: $1,000.00 per Debenture Underwriter(s) or Distributor(s): Eight Capital Canaccord Genuity Corp. GMP Securities L.P. Mackie Research Capital Corporation Promoter(s): – Project #2717089 _______________________________________________ Issuer Name: Pro Real Estate Investment Trust Principal Regulator – Quebec Type and Date: Preliminary Short Form Prospectus (NI 44-101) dated January 16, 2018 NP 11-202 Preliminary Receipt dated January 16, 2018 Offering Price and Description: $25,001,000.00 – 10,870,000 Trust Units Price $2.30 Per Trust Unit Underwriter(s) or Distributor(s): Canaccord Genuity Corp. TD Securities Inc. Scotia Capital Inc. CIBC World Markets Inc. National Bank Financial Inc. BMO Nesbitt Burns Inc. Haywood Securities Inc. Raymond James Ltd. Laurentian Bank Securities Inc. Leede Jones Gable Inc. Industrial Alliance Securities Inc. Promoter(s): – Project #2717155 _______________________________________________


January 25, 2018

(2018), 41 OSCB 943

Issuer Name: Stelco Holdings Inc. Principal Regulator – Ontario Type and Date: Preliminary Shelf Prospectus dated January 19, 2018 NP 11-202 Preliminary Receipt dated January 19, 2018 Offering Price and Description: $100,000,000.00 – Common Shares, Preferred Shares, Debt Securities, Warrants, Subscription Receipts, Units Underwriter(s) or Distributor(s): – Promoter(s): – Project #2719745 _______________________________________________ Issuer Name: Torex Gold Resources Inc. Principal Regulator – Ontario Type and Date: Preliminary Shelf Prospectus dated January 16, 2018 NP 11-202 Preliminary Receipt dated January 17, 2018 Offering Price and Description: $500,000,000.00 – Common Shares, Debt Securities, Subscription Receipts, Warrants, Units Underwriter(s) or Distributor(s): – Promoter(s): – Project #2718724 _______________________________________________ Issuer Name: AIM2 Ventures Inc. Principal Regulator – Ontario Type and Date: Final CPC Prospectus (TSX-V) dated January 17, 2018 NP 11-202 Receipt dated January 18, 2018 Offering Price and Description: Minimum Offering: $360,000.00 or 3,600,000 Common Shares Maximum Offering: $500,000.00 or 5,000,000 Common Shares Price: $0.10 per Common Share Underwriter(s) or Distributor(s): Haywood Securities Inc. Promoter(s): – Project #2713016 _______________________________________________

Issuer Name: Cannabis Growth Opportunity Corporation Principal Regulator – Ontario Type and Date: Final Long Form Prospectus dated January 16, 2018 NP 11-202 Receipt dated January 17, 2018 Offering Price and Description: Minimum: $5,000,000.00 of Units Maximum: $75,000,000.00 of Units Price: $2.50 per Unit Underwriter(s) or Distributor(s): Eight Capital Canaccord Genuity Corp. Haywood Securities Inc. Mackie Research Capital Corporation Beacon Securities Limited PI Financial Corp. Velocity Trade Capital Ltd. Promoter(s): CGOC Management Corp. Project #2700140 _______________________________________________ Issuer Name: Cronos Group Inc. Principal Regulator – Ontario Type and Date: Final Short Form Prospectus dated January 18, 2018 NP 11-202 Receipt dated January 18, 2018 Offering Price and Description: $40,000,003.75 – 4,571,429 Common Shares Price: $8.75 per Share Underwriter(s) or Distributor(s): PI Financial Corp. GMP Securities L.P. Beacon Securities Limited Cormark Securities Inc. Promoter(s): Alan Friedman Project #2716224 _______________________________________________


January 25, 2018

(2018), 41 OSCB 944

Issuer Name: MedReleaf Corp. Principal Regulator – Ontario Type and Date: Final Short Form Prospectus dated January 22, 2018 NP 11-202 Receipt dated January 22, 2018 Offering Price and Description: $132,500,000.00 – 5,000,000 Units Price: $26.50 per Unit Underwriter(s) or Distributor(s): Canaccord Genuity Corp. GMP Securities L.P, Clarus Securities Inc. Cormark Securities Inc. Beacon Securities Limited Echelon Wealth Partners Inc. Eight Capital PI Financial Corp. Promoter(s): – Project #2716533 _______________________________________________ Issuer Name: The Stars Group Inc. Principal Regulator – Ontario Type and Date: Final Shelf Prospectus dated January 16, 2018 NP 11-202 Receipt dated January 16, 2018 Offering Price and Description: US$3,000,000,000.00 – Common Shares, Preferred Shares, Debt Securities, Subscription Receipts, Warrants, Units Underwriter(s) or Distributor(s): – Promoter(s): – Project #2706343 _______________________________________________

January 25, 2018

(2018), 41 OSCB 945

Chapter 12

Registrations 12.1.1 Registrants

Type Company Category of Registration Effective Date

Voluntary Surrender Liberty House Asset Management Inc.

Exempt Market Dealer, Portfolio Manager and Investment Fund Manager

January 16, 2018

Consent to Suspension (Pending Surrender)

Foremost Capital Inc. Exempt Market Dealer January 16, 2018

Voluntary Surrender TAO Securities Inc. Exempt Market Dealer January 16, 2018

Voluntary Surrender Sampford Advisors Inc. Exempt Market Dealer January 16, 2018

Consent to Suspension (Pending Surrender)

Oechsle International Advisors, LLC

Portfolio Manager January 16, 2018

Suspension (Non-Renewal) Diversified Global Asset Management Corporation

Commodity Trading Adviser January 1, 2018

New Registration Crimson Asset Management Ltd.

Portfolio Manager, Exempt Market Dealer and Investment Fund Manager

January 22, 2018

Registrations

January 25, 2018

(2018), 41 OSCB 946


January 25, 2018

(2018), 41 OSCB 947

Chapter 13

SROs, Marketplaces, Clearing Agencies and Trade Repositories

13.1 SROs 13.1.1 IIROC – Proposed Amendments to IIROC Continuing Education Rules – Request for Comment

REQUEST FOR COMMENT

INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA (IIROC)

PROPOSED AMENDMENTS TO IIROC CONTINUING EDUCATION RULES IIROC is publishing for public comment proposed amendments to Rule 2650 Continuing Education Requirements for Approved Persons (the CE Rules), which were recently implemented as stand-alone rules, separate from and in advance of the proposed plain language version of the Dealer Member rules. In response to certain feedback received in the course of IIROC’s ongoing review of the continuing education program, IIROC is proposing a few substantive changes to the CE Rules. The changes address inconsistencies in the CE Rules and support IIROC’s goal of modernizing and simplifying the CE Program. A copy of the IIROC Notice and appendices, which includes the proposed amendments, is also published on our website at http://www.osc.gov.on.ca. The 30-day comment period ends on February 26, 2018.

SROs, Marketplaces, Clearing Agencies and Trade Repositories

January 25, 2018

(2018), 41 OSCB 948


January 25, 2018

(2018), 41 OSCB 949

Chapter 25

Other Information 25.1 Exemptions 25.1.1 BMO Nesbitt Burns Inc. – s. 19.1 of NI 41-101 General Prospectus Requirements Headnote Order pursuant to subsection 158(1.1) of the Business Corporations Act (Ontario) that an offering corporation is authorized to dispense with its audit committee – Issuer is an indirect wholly-owned subsidiary of a parent company that is subject to audit committee requirements of National Instrument 52-110 Audit Committees (NI 52-110) – Issuer is exempt from audit committee requirements of NI 52-110 – Relief conditional upon issuer continuing to satisfy the subsidiary entity eligibility criteria for exemption from audit committee requirements of NI 52-110 or any successor instrument. Applicable Legislative Provisions Business Corporations Act, R.S.O. 1990, c. B.16, ss. 158(1) and (1.1). National Instrument 52-110 Audit Committees, s. 1.2. January 17, 2018 Blake, Cassels & Graydon LLP Attention: Jill Davis Dear Sir/Madam: Re: BMO Nesbitt Burns Inc. (the Filer)

Preliminary Long Form Prospectus dated December 20, 2016 BMO FinTech Sector TACTIC Fund, BMO Canadian Top 15 Small Cap TACTIC Fund, BMO U.S. Top 15 Small Cap TACTIC Fund (collectively, the Funds) Exemptive Relief Application under Part 19 of National Instrument 41-101 General Prospectus Requirements (NI 41-101) Application No. 2017/0569; SEDAR Project Number 2568232

By letter dated January 5, 2018 (the Application), the Filer, as manager of the Funds, applied on behalf of the Funds to the Director of the Ontario Securities Commission (the Director) under section 19.1 of NI 41-101 for relief from the operation of subsection 2.3(1.1) of NI 41-101, which prohibits an issuer from filing a final prospectus more than 90 days after the date of the receipt for the preliminary prospectus which relates to the final prospectus. This letter confirms that, based on the information and representations made in the Application, and for the purposes described in the Application, the Director intends to grant the requested exemption to be evidenced by the issuance of a receipt for the Fund’s final prospectus, subject to the condition that the final prospectus be filed by no later than February 15, 2018. Yours very truly, “Darren McKall” Manager, Investment Funds and Structured Products Branch Ontario Securities Commission

Other Information

January 25, 2018

(2018), 41 OSCB 950


January 25, 2018 (2018), 41 OSCB 951

Index

Alliance Growers Corp. Cease Trading Order .................................................. 829 AuRico Metals Inc. Order ........................................................................... 812 BMO Nesbitt Burns Inc. Exemption – s. 19.1 of NI 41-101 General Prospectus Requirements ........................................... 949 Castle Resources Inc. Order ........................................................................... 815 Cheng, Benedict Notice from the Office of the Secretary ....................... 794 Notice from the Office of the Secretary ....................... 795 Order ........................................................................... 812 Reasons and Decision on a Motion Regarding Privilege ...................................................................... 819 Crimson Asset Management Ltd. New Registration ......................................................... 945 DIR Industrial Properties Inc. Order ........................................................................... 816 Diversified Global Asset Management Corporation Suspension (Non-Renewal) ........................................ 945 Enbridge Gas Distribution Inc. Order – s. 158(1.1) of the OBCA ................................. 813 First Avenue Investment Counsel Inc. Decision ...................................................................... 797 Foremost Capital Inc. Consent to Suspension (Pending Surrender).............. 945 IIROC SROs – Proposed Amendments to IIROC Continuing Education Rules – Request for Comment .................................................................... 947 Katanga Mining Limited Cease Trading Order .................................................. 829 Liberty House Asset Management Inc. Voluntary Surrender .................................................... 945 Mason, Donald Notice of Hearing – s. 8 .............................................. 793 Notice from the Office of the Secretary ....................... 795 Meharchand, Dennis L. Notice from the Office of the Secretary ....................... 796 Order – s. 127(1) ......................................................... 815

MFDA Notice from the Office of the Secretary ...................... 794 Order – ss. 8, 21.7 ...................................................... 811 Mutual Fund Dealers Association of Canada Notice from the Office of the Secretary ...................... 794 Order – ss. 8, 21.7 ...................................................... 811 Nicola Wealth Management Ltd. Decision ...................................................................... 801 NWM Private Debt Fund Decision ...................................................................... 801 NWM Private Equity Limited Partnership Decision ...................................................................... 801 Oechsle International Advisors, LLC Consent to Suspension (Pending Surrender) ............. 945 Performance Sports Group Ltd. Cease Trading Order .................................................. 829 Portage Biotech Inc. Decision ...................................................................... 808 Rothstein, John David Notice from the Office of the Secretary ...................... 794 Notice from the Office of the Secretary ...................... 795 Order .......................................................................... 812 Reasons and Decision on a Motion Regarding Privilege ...................................................................... 819 Sampford Advisors Inc. Voluntary Surrender ................................................... 945 Soave, Frank Notice from the Office of the Secretary ...................... 794 Notice from the Office of the Secretary ...................... 795 Order .......................................................................... 812 Reasons and Decision on a Motion Regarding Privilege ...................................................................... 819 TAO Securities Inc. Voluntary Surrender ................................................... 945 TMS NeuroHealth Centers Inc. Decision ...................................................................... 806 Tremblay, Eric Notice from the Office of the Secretary ...................... 794 Notice from the Office of the Secretary ...................... 795 Order .......................................................................... 812 Reasons and Decision on a Motion Regarding Privilege ...................................................................... 819

Index

January 25, 2018 (2018), 41 OSCB 952

Valt.X Holdings Inc. Notice from the Office of the Secretary ....................... 796 Order – s. 127(1) ......................................................... 815 Wolfenden, John Richard Notice from the Office of the Secretary ....................... 794 Order – ss. 8, 21.7 ...................................................... 811

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