Late insider trading reports - François C. Desrosiers found guilty

Decisions and Freeze and cease trade orders Securities

Montréal – In a decision handed down on December 8, 2009 in the Court of Québec (Criminal and Penal Division), district of Montréal, Judge Louis Legault issued a guilty verdict against insider François C. Desrosiers.

François C. Desrosiers was found guilty on 11 charges brought against him in October 2007 by the Autorité des marchés financiers ("AMF") for failing to report, within the prescribed time period, transactions in the securities of Big Red Diamond Corporation and AntOro Resources Inc., two companies where he was an insider.

Sentencing representations will take place on February 23, 2010. The AMF is seeking fines totalling $33,000, or $3,000 on each charge.

Insiders are required to report, within 10 days of the event, any change in their control over 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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