Montréal - In accordance with an out-of-court agreement entered into with the Autorité des marchés financiers (the "AMF"), Gilbert Lasnier pleaded guilty to nine charges brought against him before the Honourable Justice Jean-Georges Laliberté of the Court of Québec for the judicial district of St-Jérôme.

The charges included four counts of making distributions without a prospectus, four counts of pursuing activities as a securities dealer without being registered with the AMF and one count of representing to an investor that the shares of Beluga Composites Corporation had a fixed redemption value without that value being guaranteed on the securities themselves.

Five investors lost a total of US$45,500.

In accordance with the parties' joint proposal, Judge Laliberté ordered Mr. Lasnier to pay $46,000, almost double the minimum fine.

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

- 30 -


Media only:
Sylvain Théberge: 514-940-2176

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