September 24, 2007 Decisions and Freeze and cease trade orders Securities

Montréal – Mario Grand-Maison pleaded guilty on September 18, 2007 to nine charges brought against him in June 2006 by the Autorité des marchés financiers (AMF). Judge Gab  Dumas of the Court of Québec (Criminal and Penal Division), in the judicial district of Terrebonne, ordered him to pay a fine totalling $33,000 plus costs.

Mr. Grand-Maison was found guilty of nine charges for violating the Securities Act, R.S.Q., c. V-1.1 1 (the “Act”) by:

• assisting, by act or omission, Auberge Alpine Ltée with the distribution of a form of investment governed by the Act, namely, shares of the company, without a prospectus approved by the AMF, thereby violating sections 11, 202 and 208 of the Act (six charges);
• acting as a dealer without being registered as such with the AMF, thereby violating sections 148 and 202 of the Act (three charges).

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

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