Martin Tremblay - Freeze orders extended and partially lifted

Decisions and Freeze and cease trade orders Securities

Montréal – At the request of the Autorité des marchés financiers (AMF), the Bureau de décision et de révision en valeurs mobilières (BDRVM) has extended the freeze orders issued in the matter of Martin Tremblay on January 27 and February 10, 2006 until February 28, 2007.

On January 27, 2006, the BDRVM issued a freeze order on the funds, securities and other assets of Martin Tremblay and Dominion Investments. The AMF had made the request further to recent accusations brought against Martin Tremblay and in light of the investigation it was conducting into Mr. Tremblay and Dominion Investments.

On February 10, 2006, the BDRVM ordered BMO Nesbitt Burns, MRF Consulting Ltd., the Kenneth W. Salomon Investment Fund Ltd. and Jones Gables & Compagnie Ltée not to dispose of the funds, securities or other assets of Mr. Tremblay. As well, it ordered Martin Tremblay not to withdraw funds from the accounts belonging to the Kenneth W. Salomon Investment Fund Ltd. and MRF Consulting Ltd.

The BDRVM renewed the two orders on April 26, 2006, on July 14, 2006 and on October 11, 2006.

In addition, on January 10, 2007, the BDRVM partially lifted its freeze orders to enable Olivia St-Laurent to access the funds she had entrusted to Mr. Tremblay’s management firm Dominion Investments (Nassau) Ltd., which had been frozen since January 27, 2006 at Avantages services financiers inc.

The other funds affected by these orders are still under a freeze order at the request of the AMF.

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

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