François C. Desrosiers pleads guilty

Decisions and Freeze and cease trade orders Securities

Montréal – François C. Desrosiers pleaded guilty yesterday to 21 charges brought against him by the Autorité des marchés financiers (AMF). Judge Anne-Marie Jacques of the Court of Québec (Criminal and Penal Division), in the judicial district of Longueuil, ordered him to pay a fine of $21,000, plus costs.

Mr. Desrosiers was accused of failing to disclose, within 10 days of the event, the changes in his control over the securities of Big Red Diamond Corporation, Melkior Resources Inc. and Antoro Resources Inc., where he is an insider. He faced 21 charges for violating section 97 of the Securities Act, with reference to section 174 of the Securities Regulation.

Insiders are required to report, within ten days of the event, any change in their control of the securities of a reporting issuer via the System for Electronic Disclosure by Insiders (SEDI) at This link will open in a new window, thereby giving all investors access to the information within a reasonable time period.

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

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