April 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

April 2012

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

April 27, 2012 - Decision pursuant to section 92 of the Securities Act, 1988 that Kasten Energy Inc. is no longer a reporting issuer.

Decision - April 27, 2012

Securities – CSA provides guidance to improve compliance of disclosure requirements related to prospectus exemptions

April 26, 2012 – CSA provides guidance to improve compliance of disclosure requirements related to prospectus exemptions - The Canadian Securities Administrators (CSA) today published two notices aimed at improving market participant compliance with exemptions to prospectus requirements. Staff Notice 45-308 Guidance for Preparing and Filing Reports of Exempt Distribution and Multilateral Staff Notice 45-309 Guidance for Preparing and Filing an Offering Memoranda, offer guidance related to disclosure rules found under National Instrument (NI) 45-106 Prospectus and Registration Exemptions.

“The CSA is committed to ensuring that market participants understand what is expected of them when relying on prospectus exemptions to sell securities,” said Bill Rice, Chair of the CSA and Chair and CEO of the Alberta Securities Commission. “These Notices not only provide clear guidance to assist issuers in preparing and filing certain exempt market documents, but also serve as a reminder to market participants who rely on prospectus exemptions that their filings or disclosure may come under staff review and that non-compliance may result in appropriate action by a CSA regulator.”

The Notices primarily focus on Form 45-106F1 Report of Exempt Distribution and Form 45-106F2 Offering Memorandum for Non-Qualifying Issuers, and provide guidance on such topics as filing deadlines, correct and consistent reporting, financial statement requirements and adequate disclosure of certain information.

Issuers should be aware that the primary responsibility for compliance with NI 45-106 rests with them and that the exempt market is not free from regulation and oversight.

The Notices are available on the websites of various CSA members.

The CSA, the council of the securities regulators of Canada’s provinces and territories,
co-ordinates and harmonizes regulation for the Canadian capital markets.

For more information contact:

Dean Murrison, Deputy Director Legal/Registration
Securities Division
Saskatchewan Financial Services Commission
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5879
Fax: (306) 787-5899
Email: dean.murrison@gov.sk.ca

Securities – Statement of Allegations of Staff of the The Saskatchewan Financial Services Commission in the Matter of Landbankers International MX, S.A. De C.V. et al

April 25, 2012 - Statement of Allegations of Staff of the The Saskatchewan Financial Services Commission in the Matter of Landbankers International MX, S.A. De C.V., Kelly Friesen and Sonja McAdam.

Statement of Allegations of Staff - April 25, 2012

For more information, please contact:

Sonne Udemgba, Acting Deputy Director, Legal
Securities Division
Saskatchewan Financial Services Commission
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5871
Fax: (306) 787-5879
Email: sonne.udemgba@gov.sk.ca

Securities – Notice of Time and Venue of Hearing In the Matter of C2 Ventures Inc. and Monte Dobson

April 25, 2012 – The Saskatchewan Financial Services Commission (SFSC) has issued a Notice of Time and Venue of Hearing scheduled to commence on Monday September 24, 2012 and continuing until Friday September 28, 2012 In The Matter of C2 Ventures Inc. and Monte Dobson.

The hearing will be conducted in the SFSC Hearing Room Suite 601 -1919 Saskatchewan Drive, Regina Saskatchewan, commencing at 9:00 a.m.

Notice of Time and Venue of Hearing - April 25, 2012

For more information, please contact:

Ola Ben-Ajayi, Legal Counsel
Securities Division
Saskatchewan Financial Services Commission
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 798-3381
Fax: (306) 787-5899
Email: ola.ben-ajayi@gov.sk.ca

Securities – Notice of Time and Venue of Hearing In the Matter of Alena Marie Pastuch et al

April 25, 2012 – The Saskatchewan Financial Services Commission (SFSC) has issued a Notice of Time and Venue of Hearing scheduled to commence on Wednesday June 13, 2012 and continuing Friday, June 15, 2012 In The Matter of Alena Marie Pastuch, Teamworx Productions Ltd., Idendego Inc., 101114386 Saskatchewan Ltd., 101115379 Saskatchewan Ltd. and Cryptguard Ltd.

The hearing will be conducted in the Milan Room at the Delta Regina Hotel, 1919 Saskatchewan Drive, Regina Saskatchewan, commencing at 9:00 a.m.

Notice of Time and Venue of Hearing - April 25, 2012

For more information, please 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 – Silver Birch Corporation Decision pursuant to section 92 of The Securities Act, 1988

Arpil 25, 2012 - Decision pursuant to section 92 of the Securities Act, 1988 that Silver Birch Corporation is no longer a reporting issuer.

Decision - April 25, 2012

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

April 24, 2012 - Decision pursuant to section 92 of The Securities Act, 1988 that Pembina NGL Corporation is no longer a reporting issuer.

Decision - April 24, 2012

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

April 20, 2012 - Decision pursuant to section 92 of The Securities Act, 1988 that Lakeside Steel Inc. is no longer a reporting issuer.

Decision - April 20, 2012

Securities – CSA and IIROC announce the implementation of a dark liquidity framework in Canada

April 13, 2012 – Toronto – The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) are implementing a new regulatory framework for the use of orders entered without pre-trade transparency (dark orders).

To implement the framework, amendments have been made to National Instrument 21-101 Marketplace Operation and to the Universal Market Integrity Rules (UMIR), approved by the CSA on March 30, 2012. The framework is comprised of the following key elements:

Visible order priority –Visible orders will have execution priority over dark orders on the same marketplace at the same price;

Meaningful price improvement – In order to trade with a dark order, smaller orders must receive a minimum level of price improvement, which is defined as one trading increment or half a trading increment for securities with a bid-ask spread of one trading increment; and

Minimum size – IIROC has the ability to designate a minimum size for dark orders. It is not doing so at this time, but the CSA and IIROC will monitor market developments closely to consider whether and when IIROC should implement a minimum size.

Effective October 10, 2012, the UMIR provisions will introduce a comprehensive and proactive regulatory approach to safeguard the price discovery process in Canadian equity markets.

“The Canadian capital markets are developing rapidly and it’s incumbent on regulators to set high standards to ensure these changes are in the best interests of investors and the markets,” said Bill Rice, Chair of the CSA and Chair and CEO of the Alberta Securities Commission. “This new regulatory framework strikes an appropriate balance that will allow for continued innovation while maintaining fair and efficient capital markets.”

“The new rule framework recognizes the increasing use of dark liquidity and balances displayed and dark liquidity for healthy price discovery,” added Susan Wolburgh Jenah, IIROC President and Chief Executive Officer. “These proposals are intended to ensure Canadian equity markets continue to evolve in a fair and competitive manner that strengthens market integrity and investor protection.”

The initiative follows extensive consultations with industry and stakeholders that began in 2009. The rules are designed to enable institutional traders to continue to execute large orders with minimal market impact, while ensuring that investors with smaller orders receive meaningful price improvement when they trade with dark orders.

IIROC’s Notice of Approval “Provisions Respecting Dark Liquidity”

The CSA, the council of the securities regulatory authorities of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

For more information:

Barbara Shourounis, Director
Securities Division
Saskatchewan Financial Services Commission
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5842
Fax: (306) 787-5899
Email: barbara.shourounis@gov.sk.ca

Securities – CSA Seeks Comment on Proposed Over-the-Counter Derivatives Exemption

April 13, 2012 – The Canadian Securities Administrators (CSA) today published for comment CSA Consultation Paper 91-405 - Derivatives: End-User Exemption. The Consultation Paper, which is part of a series of proposals designed to improve the regulatory oversight of over-the-counter (OTC) derivatives in Canada, sets out the CSA Derivatives Committee’s recommendations for an exemption from specific requirements being developed to regulate over-the-counter (OTC) derivatives. This end-user exemption would be available to qualifying businesses that use OTC derivatives as a risk management tool.

The paper sets out the Committee’s position on the application of the proposed end-user exemption such as what criteria would be required to qualify, what criteria were considered but excluded, and what a qualifying end-user would need to do to rely on the proposed exemption.

“The CSA’s commitment to establish a comprehensive framework for OTC derivatives regulation must balance the need to meet international commitments with the needs of individual market participants in Canada,” said Bill Rice, Chair of the CSA and Chair and CEO of the Alberta Securities Commission. “The proposed end-user exemption would permit a business that uses OTC derivatives to manage its own business risks to continue to use these products in a cost effective manner, without increasing risk to the overall market.”

Market participants are invited to submit their comments until June 15, 2012. All responses received will be published on the Autorité des marchés financiers (www.lautorite.qc.ca) and the Ontario Securities Commission (www.osc.gov.on.ca) websites.

Copies of the Consultation Paper are available on the following websites: Alberta Securities Commission, Autorité des marchés financiers, British Columbia Securities Commission, Manitoba Securities Commission, New Brunswick Securities Commission, Nova Scotia Securities Commission, Ontario Securities Commission and Saskatchewan Financial Services Commission.

The CSA, the council of the securities regulators of Canada’s provinces and territories, coordinates and harmonizes regulation for the Canadian Capital markets.

Notice and Request for Comments

For more information contact:

Securities – CSA Staff Notice 11-316 Notice of Local Amendments – British Columbia

April 13, 2012 – Canadian Securities Administrators (CSA) Staff Notice 11-316 Notice of Local Amendments - British Columbia.

For more information contact:

Securities – Wild Stream Exploration Inc. Decision pursuant to section 92 of The Securities Act, 1988

April 12, 2012 - Decision pursuant to section 92 of The Securities Act, 1988 that Wild Stream Exploration Inc. is no longer a reporting issuer.

Decision - April 12, 2012

Securities – Notice of Hearing in the Matter of Alena Marie Pastuch et al

April 12, 2012 – The Saskatchewan Financial Services Commission (SFSC) has issued a Notice of Hearing In The Matter of Alena Marie Pastuch, Teamworx Productions Ltd., Idendego Inc., 101114386 Saskatchewan Ltd., 101115379 Saskatchewan Ltd. and Cryptguard Ltd. The Notice of Hearing sets the dates for the hearing.

Notice of Hearing - April 12, 2012

For more information, please contact:

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

April 10, 2012 - Decision pursuant to section 92 of The Securities Act, 1988 that Semtech Canada Inc. is no longer a reporting issuer.

Decision - April 10, 2012

Securities – Cease Trade Order in the Matter of Moon Lake Golf and Country Club Ltd.

April 9, 2012 – Cease Trade Order pursuant to subsection 134.1(2) of The Securities Act, 1988 that all trading in the securities of Moon Lake Golf and Country Club Ltd. (the Issuer) cease until the Issuer files the Required Records.

Cease Trade Order - April 9, 2012

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 – Tri-Link Consultants Inc. and Klaus Link's appeal of the Saskatchewan Financial Services Commission decision dismissed by the Court of Appeal

April 4, 2012 - Tri-Link Consultants Inc. and Klaus Link's appeal of the Saskatchewan Financial Services Commission's April 21, 2009 decision is dismissed by the Court of Appeal.

Court of Appeal Decision - April 4, 2012

For more information contact:

Securities Division

Suite 601, 1919 Saskatchewan Drive

Regina, Saskatchewan S4P 4H2

Tel: (306)787-5645

Fax: (306)787-5899

Email: fcaa@gov.sk.ca