Guy Goulet pleads guilty and ordered to fine of $14,300

Decisions and Freeze and cease trade orders Securities

Montréal – In a decision released on January 14, 2009, Judge Patrick Healy of the Court of Québec (Criminal and Penal Division), district of Montréal, accepted the guilty plea entered by Guy Goulet in respect of the  charges brought against him by the Autorité des marchés financiers (AMF) in August 2007 and ordered him to pay a fine totalling $14,300.

Guy Goulet pleaded guilty for:

  • failing to disclose, within the prescribed 10-day period, a change in his control over the securities of H2O Innovation (2000) inc., a reporting issuer of which he is an insider, thereby violating section 97 of the Securities Act, with reference to section 174 of the Securities Regulation.

Insiders are required to report, within 10 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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