April 21, 2015 Securities

Montréal - Claude Duhamel and Prospector Network Inc. were recently fined a total of $302,500 at the Montréal Courthouse after pleading guilty to 56 charges brought by the Autorité des marchés financiers (the "AMF") involving illegal distribution activities and illegal practice as a securities dealer.

On April 17, 2015, Claude Duhamel and Prospector Network Inc. each pleaded guilty to 14 counts of making distributions without a prospectus and 14 counts of illegal practice as a securities dealer. Judge Sylvie Durand, J.C.Q., confirmed the joint recommendation of the parties regarding sentencing, namely, a $302,500 fine, representing close to twice the minimum penalty set by law.

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

- 30 -

Information:

Media only:
Sylvain Théberge: 514-940-2176

Information Centre:
Québec City: 418-525-0337
Montréal: 514-395-0337
Toll-free: 1-877-525-0337
www.lautorite.qc.ca
Twitter: @lautorite This link will open in a new window