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 July 30, 2009 extending, for a period of 120 days, the freeze order initially issued on January 24, 2008 in the matter of Triglobal Capital Management Inc. in respect of the following firms and individuals: 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 in connection with decision 2008-004-014 (pdf - 2 MB)This link will open in a new windowUpdated on 4 August 2009 (in French only) in respect of the following: 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 freeze and other orders have been issued against Triglobal as well as related companies and individuals. An 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 receiver in respect 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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