Triglobal - 2008-004 - Freeze order extended

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) issued an order on January 7, 2009 extending, for a period of 90 days, the freeze order initially issued on January 24, 2008 in respect of the following companies and individuals in the matter of Triglobal Capital Management Inc.: Themistoklis Papadopoulos, Mario Bright, PNB Management Inc., 2967-9420 Québec inc., 4384610 Canada Inc., 4190424 Canada Inc., Angela Skafidas and Anthanasios Papadopoulos.

The publication of this news release constitutes the method of service authorized by the BDRVM of Decision 2008-004-010 (pdf - 59 KB)This link will open in a new windowUpdated on January 8, 2009 (in French only) ordering the extension of the freeze order made upon the following respondents: Themistoklis Papadopoulos, Anthanasios Papadopoulos and Mario Bright.

On December 21, 2007, the BDRVM, further to recommendations from the AMF, ordered Triglobal to cease any activity in respect of a transaction in a form of investment governed by the Securities Act and any activity as a securities adviser. In addition, numerous other freeze and cease trade orders were issued against Triglobal as well as related companies and individuals. The AMF investigation revealed that between 1997 and 2007, a number of Quebeckers had invested 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 provisional administrator of Triglobal since December 24, 2007, further to a recommendation from the AMF and the BDRVM and his appointment by the Finance Minister.

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

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