December 19, 2006 Securities

Montréal – On December 14, 2006, before the Court of Québec (Criminal and Penal Division), district of Montréal, Mr. Alain Zubrzycki pleaded guilty to the count brought against him by the Autorité des marchés financiers (AMF).

On May 26, 2006, Mr. Zubrzycki was accused of contravening the Securities Act, R.S.Q., c. V-1.1 (the  “Act”) by helping the company Ressources Canspar Inc. distribute its shares without preparing a prospectus and obtaining a receipt therefor from the AMF, in accordance with section 11 of the Act.

Mr. Zubrzycki was condemned to pay a fine of $10,000, i.e. double the minimum fine prescribed in the Act.

The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec’s financial sector.

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