Securities Decisions and Freeze and cease trade orders

Montréal – On November 24, 2004, the Bureau de décision et de révision en valeurs mobilières (BDRVM) ordered Napaul Poisson, pursuant to section 266 of the Securities Act, to cease carrying on business as an adviser.

The order is further to a request in this regard from the Autorité des marchés financiers (“AMF”) on September 22, 2004.

To read the press releases issued to date on this matter, please visit the AMF website, under Media Centre/Press Releases.

Created under the Act respecting the Agence nationale d'encadrement du secteur financier, the Bureau de décision et de révision en valeurs mobilières (BDRVM) is a tribunal that exercises certain powers prescribed by the Securities Act. The BDRVM is independent of the AMF.

Established on February 1, 2004, the Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec's financial sector. The AMF consists of the Commission des valeurs mobilières du Québec, the Bureau des services financiers, the Régie de l'assurance-dépôts du Québec, the Fonds d'indemnisation des services financiers and the Inspector General of Financial Institutions.

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For More Information:

Journalists only:
Philippe Roy (514) 940-2176
Issuers, dealers, advisers and representatives: (877) 525-0337, dial 9 for English, then dial 1 for industry
Consumers and investors: (877) 525-0337, dial 9 for English, then dial 2 for consumers