Montréal, May 16, 2011 - The publication of this press release constitutes the method of service authorized by the Bureau de décision et de révision (the Bureau) of a decision related to the matter of Triglobal - 2007-033 in respect of the following respondents: Themistoklis Papadopoulos, Anna Papathanasiou, Mario Bright, Kevin Coombes, Société de gestion de fortune Triglobal inc. and 3769682 Canada Inc.
On May 12, 2011, at the request of the Autorité des marchés financiers (AMF), the Bureau extended for a period of 120 days the freeze order initially issued on December 21, 2007 against the following companies and individuals: Triglobal Capital Management Inc., Société de gestion de fortune Triglobal inc., Themistoklis Papadopoulos, Anna Papathanasiou, Franco Mignacca, Joseph Jekkel, PNB Management inc., Mario Bright, Focus Management inc., Ivest Fund Ltd., Kevin Coombes and 3769682 Canada Inc.
On December 21, 2007, in accordance with recommendations made by the AMF, the Bureau prohibited Triglobal from carrying out any activity in respect of a transaction in securities regarding any form of investment governed by the Securities Act and from pursuing activities as a securities adviser. Furthermore, several freeze and other orders were issued against Triglobal and related companies and individuals. The investigation by the AMF showed that between 1997 and 2007, Québeckers had invested several tens of millions of dollars in Focus Management inc. or Ivest Fund Ltd. through representatives, related persons and/or officers of Triglobal.
Jean Robillard of the firm Raymond Chabot Grant Thornton has acted as receiver in respect of Triglobal since December 24, 2007 further to a recommendation from the AMF and the Bureau and his appointment by the Finance Minister.
The Autorité des marchés financiers ("AMF") is the regulatory and oversight body for Québec's financial industry.
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