May 2012

Securities Division

Suite 601, 1919 Saskatchewan Drive

Regina, Saskatchewan S4P 4H2

Tel: (306)787-5645

Fax: (306)787-5899

Email: fcaa@gov.sk.ca

May 2012

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Securities – Financial Compensation Order in the Matter of West African Industries Inc. et al

May 31, 2012 - The Saskatchewan Financial Services Commission Financial Compensation Order in the Matter of West African Industries Inc., 101065273 Saskatchewan Ltd., 101076568 Saskatchewan Ltd., Life Systems Corporation. Allan Peter Moen and Louis Supera.

Financial Compensation Order - May 31, 2012

For more information contact:

Sonne Udemgba, Acting Deputy Director, Legal
Securities Division
Saskatchewan Financial Services Commission
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5879
Fax: (306) 787-5899
Email: sonne.udemgba@gov.sk.ca

Securities – March Networks Corporation Decision pursuant to section 92 of The Securities Act, 1988

May 31, 2012 - Decision pursuant to section 92 of The Securities Act, 1988 that March Networks Corporation is no longer a reporting issuer.

Decision - May 31, 2012

Securities – Order in the Matter of Landbankers International MX, S.A. De C.V. et al

May 30, 2012- The Saskatchewan Financial Services Commission (SFSC) Order for Substitutional Service of the Notice of Hearing, Statement of Allegations of Staff of the SFSC and Subsequent Applications in the Matter of Landbankers International MX, S.A. De C.V., Kelly Friesen and Sonja McAdam.

Order - May 30, 2012

For more information, please contact:

Securities – Cease Trade Order in the Matter of Gold Vault Metals, LLC and others

May 14, 2012 - The Saskatchewan Financial Services Commission Cease Trade Order in the Matter of Gold Vault Metals, LLC, Worth Bullion Group, Inc., Brian Darrow, Vincent Zapputo and Mark Walker.

Cease Trade Order - May 14, 2012

For more information, please contact:

Securities − Altrinsic Global Advisors, LLC approval of notice pursuant to NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103)

May 11, 2012 - Saskatchewan Financial Services Commission (SFSC) approval letter issued to Altrinsic Global Advisors, LLC pursuant to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) on the same terms and conditions as the Ontario Securities Commission.

Approval Letter - May 11, 2012

Securities – Minefinders Corporation Decision pursuant to section 92 of The Securities Act, 1988

May 11, 2012 - Decision pursunt to section 92 of The Securities Act, 1988 that Minefinders Corporation is no longer a reporting issuer.

Decision - May 11, 2012

Securities – Adoption of Multilateral Instrument 51-105 Quoted in the U.S. Over-the-Counter Markets and Consequential Amendments to National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions and CSA Staff Notice 12-307 Applications for a Decision that an Issuer is not a Reporting Issuer Subject to Ministerial Approval

May 10, 2012 - The Canadian Securities Administrators (CSA), except the Ontario Securities Commission, are adopting:

Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets (the Instrument)
Form 51-105F1 Notice – OTC Issuer Ceases to be an OTC Reporting Issuer
Form 51-105F2 Notice of Promotional Activities
Form 51-105F3A Personal Information Form and Authorization of Indirect Collection, Use and Disclosure of Personal Information
Form 51-105F3B Personal Information Form and Authorization of Indirect Collection, Use and Disclosure of Personal Information
Form 51-105F4 Notice – Issuer Ceases to be an OTC Reporting Issuer
Companion Policy 51-105CP (the Companion Policy)

(together, the OTC Rule).

We are also making consequential changes to:

National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions (NP 11-203)
CSA Staff Notice 12-307 Applications for a Decision that an Issuer is not a Reporting Issuer(Staff Notice)

Provided all necessary ministerial approvals are obtained, the OTC Rule will come into force on July 31, 2012. We are publishing the text of the OTC Rule and a blackline copy of NP 11-203 that identifies the consequential changes to that policy concurrently with this notice. Prior to the expected implementation date of the OTC Rule, CSA staff intend to issue a revised version of the Staff Notice.

For more information contact:

Ian McIntosh, Deputy Director, Corporate Finance
Securities Division
Saskatchewan Financial Services Commission
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5867
Fax: (306) 787-5899
Email: ian.mcintosh@gov.sk.ca

Securities – Decision in the Matter of Gold Vault Metals, LLC and others

May 9, 2012 - The Saskatchewan Financial Services Commission Decision in the Matter of Gold Vault Metals, LLC, Worth Bullion Group, Inc., Brian Darrow, Vincent Zapputo and Mark Walker.

Decision - May 9, 2012

For more information, please contact:

Securities – Frontera Copper Corporation Decision pursuant to section 92 of The Securities Act, 1988

May 9, 2012 - Decision pursuant to section 92 of The Securities Act, 1988 that Frontera Copper Corporation is no longer a reporting issuer.

Decision - May 9, 2012

Securities – Pier 21 Asset Management Inc. approval of notice pursuant to NI 31-103

May 9, 2012 - Pier 21 Asset Management Inc. approval of notice pursuant to NI 31-103

Approval Letter - May 9, 2012

Securities – Notice of Time and Venue of Hearing re: Compensation Claim In the Matter of West African Industries Inc. et al

May 7, 2012 – The Saskatchewan Financial Services Commission (SFSC) has issued a Notice of Time and Venue of Hearing to consider a request from the Director of the Securities Division that the hearing panel make orders pursuant to section 135.6 of The Securities Act, 1988 ordering the Respondents to pay financial compensation to Saskatchewan investors In The Matter of West African Industries Inc., 101065273 Saskatchewan Ltd., 101076568 Saskatchewan Ltd., Life Systems Corporation. Allan Peter Moen and Louis Supera.

The hearing is scheduled to commence on Thursday, May 31, 2012 at the SFSC Hearing Room, Suite 601, 1919 Saskatchewan Drive, Regina Saskatchewan, commencing at 3:00 p.m.

Notice of Time and Venue of Hearing - May 7, 2012

For more information, please contact:

Securities – ICAP Corporates LLC Decision pursuant to section 83 of The Securities Act, 1988

May 3, 2012 - The Saskatchewan Financial Services Commission (SFSC) today issued a Passport Decision pursuant to section 83 of The Securities Act, 1988 that ICAP Corporates LLC is exempt, with provisions, from the requirement to be registered as a dealer in order to trade exchange contracts with permitted clients as defined in section 1.1 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations on exchanges located outside Saskatchewan.

Decision - May 3, 2012

For more information contact:

Securities – Judgment of the Court of Appeal for Saskatchewan in the Matter of Tri-Link Consultants Inc. and Klaus Link

May 2, 2012 - Today, the Court of Appeal for Saskatchewan issued a judgment dismissing Tri-Link Consultants Inc. and Klaus Link's appeal of the Saskchewan Financial Services Commission's April 21, 2009 decision.

Judgment of the Court - May 2, 2012

For more information contact:

Sonne Udemgba, Legal Counsel
Securities Division
Saskatchewan Financial Services Commission
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5871
Fax: (306) 787-5899
Email: sonne.udemgba@gov.sk.ca

Securities – RuggedCom Inc. Decision pursuant to section 92 of The Securities Act, 1988

May 1, 2012 - Decision pursuant to section 92 of The Securities Act, 1988 that RuggedCom Inc. is no longer a reporting issuer.

Decision - May 1, 2012

Securities Division

Suite 601, 1919 Saskatchewan Drive

Regina, Saskatchewan S4P 4H2

Tel: (306)787-5645

Fax: (306)787-5899

Email: fcaa@gov.sk.ca