October 16, 2006 Decisions and Freeze and cease trade orders Securities

Montréal – In a decision handed down on September 29, 2006, Judge Suzanne Bousquet of the Court of Québec (Criminal and Penal Division) in the district of Montréal found Jacques Desrosiers guilty on the count brought against him by the Autorité des marchés financiers (AMF).

Mr. Desrosiers faced one count for violating the Securities Act, R.S.Q., c. V-1.1 (the “Act”):

• By acting as a securities adviser on behalf of Pléiade compagnie de gestion inc., without being registered as such with the AMF, thereby violating section 148 of the Act.

Mr. Desrosiers was ordered to pay a fine in the amount of $1,000.

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

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