November 23, 2015 Securities Decisions and Freeze and cease trade orders

Montréal - On October 21, 2015, at the Montréal courthouse, Judge Éric Downs approved the joint proposals made by the parties and accepted the guilty plea in respect of 32 of the 33 charges filed against Foster Tuck, Caroline Lagacé and Jean-Louis Tanguay.

Mr. Tuck pleaded guilty to 14 charges for pursuing activities as a securities dealer without being registered to do so, 7 charges for making misrepresentations and one charge for stating that the shares of Altentech Power inc. would be listed. He was ordered to pay a fine totalling $95,000.

The Judge also accepted the guilty plea of Caroline Lagacé in respect of the five charges against her for pursuing activities as a securities dealer without being registered to do so and for stating that the shares would be listed. She was ordered to pay a fine totalling $10,000.

Finally, the Judge accepted the guilty plea of Jean-Louis Tanguay in respect of the five charges against him for pursuing activities as a securities dealer without being registered to do so, for aiding in the pursuit of activities as a securities dealer and for aiding in a distribution without a prospectus. He was ordered to pay a fine totalling $19,000.

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

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