March 2013

Securities Division

Suite 601, 1919 Saskatchewan Drive

Regina, Saskatchewan S4P 4H2

Tel: (306)787-5645

Fax: (306)787-5899

Email: fcaa@gov.sk.ca

March 2013

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Securities – Alvopetro Inc. Decision pursuant to NI 51-102 Continuous Disclosure Obligations

March 28, 2013 - The securities regulatory authority or regulator in each of the Jurisdictions has issued a Decision that Alvopetro Inc. is exempt from the requirement in section 6.2 of National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) to file an annual information form in Form 51-102F2 Annual Information Form on or before the 90th day after the end of the reporting issuer's financial year ending December 31, 2012.

Decision - March 28, 2013

Securities – Statement of Allegations of Staff of the FCAA in the Matter of Scorpion Performance, Inc. and Megan White

March 28, 2013 - Today the Financial and Consumer Affairs Authority (FCAA) issued a Statement of Allegations of Staff in the Matter of Scorpion Performance, Inc. and Megan White.

Statement of Allegations of Staff - March 28, 2013

For more information contact:

Ola Ben-Ajayi, Legal Counsel
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
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 – High River Gold Mines Ltd. Decision pursuant to section 92 of The Securities Act, 1988

March 28, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that High River Gold Mines Ltd. is no longer a reporting issuer.

Decision - March 28, 2013

Securities – CSA Staff Notice 13-318 Changes to www.SEDAR.com

March 28, 2013 - Staff of the Canadian Securities Administrators are publishing this Staff Notice (the Notice) to highlight changes to the SEDAR website (the Website or SEDAR.com) to be implemented on April 6, 2013. As a result of the changes, public filings and updates to the reporting issuer profiles made on the System for Electronic Document Analysis and Retrieval (SEDAR) will now be accessible on the website within 15 minutes of the original submission instead of the following day.

As part of its ongoing efforts to enhance investor awareness and in response to feedback from market participants, the CSA has recently implemented enhancements to the architecture of the SEDAR.com website, which have made it possible to support more timely replication of public filings from SEDAR to SEDAR.com.

As of April 6, 2013, replication of publicly available filings to SEDAR.com will occur every 15 minutes during SEDAR business hours. As a result, documents made public on SEDAR will now be accessible on the Website within 15 minutes of the original submission. New reporting issuer profiles that are made public, as well as updates to existing profiles, will also appear on SEDAR.com within 15 minutes.

CSA Staff Notice 13-318

For more information contact:

Dean Murrison, Director
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5842
Fax: (306) 787-5899
Email: dean.murrison@gov.sk.ca

Securities – CSA Notice of Amendments to National Instrument 31-103 and Companion Policy 31-103CP

March 28, 2013 - The Canadian Securities Administrators are implementing amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations as well as Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations.

For more information contact:

Dean Murrison, Director
Securities Division
Financial and Consumer Affairs Authority
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5842
Fax: (306) 787-5899
Email: dean.murrison@gov.sk.ca

Securities – CSA Notice and Request for Comment Proposed Amendments to National Instrument 81-102 Mutual Funds Companion Policy 81-102CP Mutual Funds and Related Consequential Amendments and Other Matters Concerning National Instrument 81-104 Commodity Pools and Securities Lending, Repurchases and Reverse Repurchases by Investment Funds

March 28, 2013 - The Canadian Securities Administrators (CSA) today published for comment proposed amendments to National Instrument 81-102 Mutual Funds (NI 81-102), proposed changes to Companion Policy 81-102CP, and related consequential amendments, as part of the CSA’s Modernization of Investment Fund Product Regulation Project.

The proposed changes and amendments aim to enhance investor protection and market efficiency by providing a consistent regulatory framework in key areas, regardless of whether an investment fund is structured as a mutual fund or a non-redeemable investment fund. Key investor protections include introducing rules for non-redeemable investment funds relating to conflicts of interest, and securityholder and regulatory approval of fundamental changes to the fund or its management.

Representing an important step in this modernization initiative, today’s publication:

introduces core operational requirements for publicly offered non-redeemable investment funds, other than scholarship plans;
proposes enhancements to the disclosure requirements relating to securities lending, repurchases and reverse repurchases by investment funds; and,
seeks feedback on a more comprehensive alternative fund framework that could provide flexibility for investment funds to use alternative investment strategies, while requiring more effective differentiation among the various types of publicly offered investment fund products.

“Creating a more consistent regulatory framework for comparable investment products and giving investors access to alternative investment strategies are key elements in modernizing investment fund rules,” said Bill Rice, Chair of the CSA and Chair and CEO of the Alberta Securities Commission.

The Notice is available on various CSA member websites. The comment period is open until June 25, 2013.

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:

Tony Herdzik, Deputy Director
Corporate Finance Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5849
Fax: (306) 787-5899
Email: tony.herdzik@gov.sk.ca

Securities – Desjardin Financial Corporation Inc. Notice pursuant to section 11.9 of NI 31-103

March 27, 2013 - Financial and Consumer Affairs Authority of Saskatchewan (FCAA) approval letter issued to Desjardin Financial Corporation Inc. pursuant to section 11.9 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103).

Approval Letter - March 27, 2013

Securities – Investors Take Note: March 26 is National Check Registration Day

March 26, 2013 – The Financial and Consumer Affairs Authority is encouraging investors to take the time today to complete a simple task - check the registration of any firm or individual selling securities or offering investment advice.

News Release

For more information, please contact:

Daniela Machuca, Senior Communications Consultant
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 798-4160
Fax: (306) 787-9006

Securities – Extending Order in the Matter of Adele Kaminsky

March 22, 2013 - The Financial and Consumer Affairs Authority issued an Extending Order in the Matter of Adele Kaminsky.

Extending Order - March 22, 2013

For more information contact:

Securities – Fleet Leasing Receivables Trust Decision pursuant to section 92 of The Securities Act, 1988

March 21, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Fleet Leasing Receivables Trust is no longer a reporting issuer.

Decision - March 21, 2013

Securities - The Securities Commission (Adoption of National Instruments) Amendment Regulations, 2013 come into force

The Securities Commission (Adoption of National Instruments) Amendment Regulations, 2013 came into force on March 13, 2013. The regulations amend National Instrument 54-101 Communication With Beneficial Owners of Securities of a Reporting Issuer (NI 54-101),

Form 54-101F10 Undertaking,
Form 54-101F2 Request for Beneficial Ownership Information,
Form 54-101F5 Electronic Format for NOBO List,
Form 54-101F6 Request For Voting Instructions Made by Reporting Issuer,
Form 54-101F7 Request For Voting Instructions Made by Intermediary, and
Form 54-101F9 Undertaking

The regulations also amend National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102), Form 51-102F5 Information Circular. Changes to Companion Policy 54-101CP Communication With Beneficial Owners of Securities of a Reporting Issuer (54-101CP) and Companion Policy 51-102CP Continuous Disclosure Obligations (51-102CP).

Commission Regulation 2013 No. 1

For more information contact:

Securities – Celtic Exploration Ltd. Decision pursuant to section 92 of The Securities Act, 1988

March 20, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Celtic Exploration Ltd. is no longer a reporting issuer.

Decision - March 20, 2013

Securities – The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) Notice of Resumption of Hearing in the Matter of Alena Marie Pastuch et al

March 20, 2013 – Notice of Resumption of Hearing in the Matter of Alena Marie Pastuch, Teamworx Productions Ltd., Idendego Inc., 101114386 Saskatchewan Ltd., 101115379 Saskatchewan Ltd. and Cryptguard Ltd. This matter, which was adjourned sine die is scheduled to resume on Wednesday, April 17, 2013, Thursday, April 18, 2013 and continuing Friday, April 19, 2013.

FCAA Notice of Resumption of Hearing - March 20, 2013

For more information, please contact:

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

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

March 18, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that HOMEQ Corporation is no longer a reporting issuer.

Decision - March 18, 2013

Securities – The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) Adjournment in the Matter of Landbankers International MX, S.A. De C.V. et al

March 15, 2013- The Financial and Consumer Affairs Authority of Saskatchewan has (FCAA) has issued an Adjournment in the Matter of Landbankers International MX, S.A. De C.V., Kelly Friesen and Sonja McAdam.

Adjournment - March 15, 2013

For more information, please contact:

Securities – Ally Credit Canada Limited Decision pursuant to section 92 of The Securities Act, 1988

March 15, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Ally Credit Canada Limited is no longer a reporting issuer.

Decision - March 15, 2013

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

March 15, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Andina Minerals Inc. is no longer a reporting issuer.

Decision - March 15, 2013

Securities – Revocation Order in the Matter of Great Sandhills Terminal Ltd.

March 14, 2013 - The Financial and Consumer Affairs Authority (FCAA) has issued an Order in the Matter of Great Sandhills Terminal Ltd. advising that the Cease Trade Order dated December 18, 2012 is revoked.

Revocation Order - March 14, 2013

For more information contact:

Securities – CSA Proposed National Instrument 62-105 Security Holders Rights Plans

March 14, 2013 - The Canadian Securities Administrators (CSA) today published for comment proposed National Instrument 62-105 Security Holder Rights Plans, which would establish a comprehensive regulatory framework for the treatment of rights plans in Canada that would provide a target company’s board and shareholders with greater discretion in the use of such plans.

The proposed rule addresses concerns about the ability of a company’s board to respond to an unsolicited take-over bid by implementing a rights plan, while ensuring that shareholders support the use of the rights plan. The proposed framework would allow a rights plan adopted by a board to remain in place provided majority shareholder approval of the rights plan is subsequently obtained within specified time frames. Shareholders would also be able to terminate a rights plan at any time by majority vote.

“The CSA believe that the proposed rule will modernize, harmonize and codify an appropriate regulatory approach to rights plans in Canada,” said Bill Rice, Chair of the CSA and Chair and CEO of the Alberta Securities Commission. “Barring exceptional circumstances, the decision to adopt and maintain a rights plan would be a matter for company boards and shareholders, not securities regulators.”

Rights plans are a defensive tactic often adopted by a company’s board in response to or in anticipation of an unsolicited or hostile take-over bid. A rights plan deters a bidder from taking up and paying for target shares by granting shareholders of the target company, other than the bidder, the right to purchase additional shares at a significant discount if an acquirer exceeds a specified share ownership threshold.

Under the existing framework, securities regulators in Canada will generally cease trade a shareholder rights plan after a limited period of time once the rights plan has given the target board sufficient time to respond to the bid. The CSA are proposing that regulators not intervene to cease trade a rights plan that has complied with the proposed framework, which is an important step in empowering the target board and shareholders in responding to a bid.

The CSA welcomes comments on proposed NI 62-105, which can be found on CSA members’ websites. The comment period is open until June 12, 2013.

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

For more information, please contact:

Securities – Canadian Securities Administrators Adopt Amendments related to National Instrument 25-101

March 14, 2013 - Canadian Securities Administrators are adopting consequential amendments to Registration, Prospectus and Continuous Disclosure Rules related to National Instrument 25-101 Designated Rating Organizations. Subject to obtaining ministerial approval, the DRO Consequential Amendments will come into force on May 31, 2013.

For more information contact:

Securities – CSA Seeks Comment on Proposed Amendments to Take-Over Bids and Issuer Bids

March 13, 2013 - The Canadian Securities Administrators (CSA) today published for comment proposed amendments and changes to the early warning reporting regime in Canada, including to Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids, National Instrument 62-103 Early Warning System and Related Take-Over Bid and Insider Reporting Issues and National Policy 62-203 Take-Over Bids and Issuer Bids.

The objective of the proposed amendments is to provide greater transparency about significant holdings of issuers’ securities by:

proposing an early warning reporting threshold of five per cent;
requiring disclosure of both increases and decreases in ownership of two per cent or more of securities;
proposing that a person include certain equity derivative positions in determining whether the threshold has been reached; and
enhancing the content of the disclosure in the early warning news releases and reports required to be filed, with more specific disclosure about an acquiror’s actual economic and voting interests in an issuer.

The purpose of early warning reporting is to allow the market to review and assess the potential impact of changes in the ownership of, or control or direction over, a reporting issuer's voting or equity securities.

“Disclosure to investors of any change that may influence or affect control of an issuer is essential for market transparency and investor confidence,” said Bill Rice, Chair of the CSA and Chair and CEO of the Alberta Securities Commission. “The CSA believe that early warning disclosure requirements should recognize that accumulation of securities at the five per cent threshold is relevant and that transparency of securities ownership is needed in light of the increased use of derivatives by investors.”

The proposed amendments can be found on CSA members’ websites and the comment period is open until June 12, 2013.

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

For more information, please contact:

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

March 12, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Skope Energy Inc. is no longer a reporting issuer.

Decision - March 12, 2013

Securities – The Financial and Consumer Affairs Authority of Saskatchewan has issued a Temporary Order in the Matter of Adele Kaminsky

March 12, 2013 - The Financial and Consumer Affairs Authority of Saskatchewan has issued a Temporary Order in the Matter of Adele Kaminsky.

Temporary Order - March 12, 2013

Securities – The Financial and Consumer Affairs Authority of Saskatchewan has issued an Extending Order in the Matter of BC Commodity Traders et al

March 11, 2013 - The Financial and Consumer Affairs Authority of Saskatchewan has issued an Extending Order in the Matter of BC Commodity Traders, Tony Jones, Todd Williams and Ron Nelson.

Extending Order - March 11, 2013

For more information contact:

Ola Ben-Ajayi, Legal Counsel
Securities Division
Financial and Consumer Affairs Authority
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 – The Securities Commission (Adoption of National Instruments) Amendment Regulations, 2012 (No. 7) come into force

March 8, 2013 - The Securities Commission (Adoption of National Instruments) Amendment Regulations, 2012 (No. 7) came into force on March 1, 2013. The regulations were amended to include National Instrument 23-103 Electronic Trading.

Commission Regulation 2012 No. 7

For more information contact:

Securities – Multilateral CSA Staff Notice 51-338 Continous Disclosure and Prospectus Requirements Relating to Documents Prepared Under the U.S. Securities and Exchange Act of 1934

March 7, 2013 – This CSA Staff Notice is published by the following jurisdictions: Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Yukon, Northwest Territories and Nunavut. This notice provides information about continuous disclosure and prospectus requirements applicable to documents that are schedules or exhibits to, or incorporated by reference in, disclosure documents prepared in accordance with the United States Securities and Exchange Act of 1934 (the 1934 Act) and filed in Canada.

Multilateral CSA Staff Notice 51-338

For more information contact:

Securities – Iberian Minerals Corp. Decision pursuant to section 92 of The Securities Act, 1988

March 5, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Iberian Minerals Corp. no longer a reporting issuer.

Decision - March 5, 2013

Securities – Marquest Asset Management Inc. Notice pursuant to section 11.10 of NI 31-103

March 7, 2013 - Financial and Consumer Affairs Authority of Saskatchewan (FCAA) approval letter issued to Marquest Asset Management Inc. pursuant to section 11.9 of 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 - March 7, 2013

Securities – Griffiths Energy International Inc. Decision pursuant to sections 44 and 152 of The Securities Act, 1988

March 7, 2013 - Decision pursuant to sections 44 and 152 of The Securities Act, 1988 that Griffiths Energy International Inc. is no longer a reporting issuer.

Decision - March 7, 2013

Securities – Canadian Securities Regulators Stress being Proactive is Key in Preventing Investor Fraud

March 5, 2013 - Canadian securities regulators are kicking off Fraud Prevention Month this March, by encouraging investors to be proactive in preventing investor fraud by checking registration.

Securities regulators across the country stress that being an informed investor is the best defence against investment fraud. A simple first step in protecting yourself is checking the registration of any firm or individual selling securities or offering investment advice.

The Canadian Securities Administrator (CSA) 2012 Investor Index revealed that 60 per cent of respondents with a financial adviser have never completed any form of background check. With almost 30 per cent of Canadians believing they have been approached with an investment fraud at some point in their life and with 4.6 per cent believing they have been a victim of investment fraud, Canadians need to carefully choose who they hand over their money to.

“Checking registration is an essential part of any investor’s due diligence,” said Bill Rice, Chair of the CSA and Chair and CEO of the Alberta Securities Commission. “To protect their investment, we encourage all Canadians to check the registration of any individual or firm offering an investment opportunity.”

The CSA has provided investors with a tool, the National Registration Search, that is quick and easy to use. Registration is designed to help protect investors because Canadian securities regulators will only register firms and individuals that meet specific qualifications and standards. In terms of investor protection, registration status or category is more important than a title, because either one tells the investor what types of products or services a firm or individual is qualified to sell or provide advice on.

CSA is encouraging investors nationwide to participate in Check Registration Day, March 26, 2013. Here’s how:

Go to www.securities-administrators.ca and click National Registration Search, to ensure your investment individuals or firms are registered in your jurisdiction.
Or, contact your local securities commission to verify registration.

If you discover the person you are dealing with is not registered, contact your local securities commission immediately.

The CSA, the council of securities regulators of Canada’s provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets. Their mandate is to protect investors from unfair or fraudulent practices through regulation of the securities industry. Part of this protection is educating investors about the risk, responsibilities and rewards of investing.

For more information contact:

Glenys Wood, Registration Officer
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-9397
Fax: (306) 787-5899
Email: glenys.wood@gov.sk.ca

Securities – Sunstone Opportunity Fund (2006) Limited Partnership Decision pursuant to section 92 of The Securities Act, 1988

March 4, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Sunstone Opportunity Fund (2006) Limited Partnership no longer a reporting issuer.

Decision - March 4, 2013

Securities – Sunstone (No. 3) Limited Partnership Decision pursuant to section 92 of The Securities Act, 1988

March 4, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Sunstone (No. 3) Limited Partnership no longer a reporting issuer.

Decision - March 4, 2013

Securities – Sunstone (No. 4) Limited Partnership Decision pursuant to section 92 of The Securities Act, 1988

March 4, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Sunstone (No. 4) Limited Partnership no longer a reporting issuer.

Decision - March 4, 2013

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

March 1, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Astral Mining Corporation is no longer a reporting issuer.

Decision - March 1, 2013

Securities – Pershing Square Holdings, Ltd. Decision pursuant to MI 51-105

March 1, 2013 - Decision pursuant to Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets.

Decision - March 1, 2013

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

March 1, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that NOVA Chemicals Corporation is no longer a reporting issuer.

Decision - March 1, 2013

Securities Division

Suite 601, 1919 Saskatchewan Drive

Regina, Saskatchewan S4P 4H2

Tel: (306)787-5645

Fax: (306)787-5899

Email: fcaa@gov.sk.ca