November 2011

Securities Division

Suite 601, 1919 Saskatchewan Drive

Regina, Saskatchewan S4P 4H2

Tel: (306)787-5645

Fax: (306)787-5899

Email: fcaa@gov.sk.ca

November 2011

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Securities - Notice of Hearing in the Matter of C2 Ventures Inc. and Monte Dobson

November 24, 2011 - The Saskatchewan Financial Services Commission (SFSC) has issued a Notice of Hearing In the Matter of C2 Ventures Inc. and Monte Dobson.

Notice of Hearing - November 24, 2011

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) 788-3381
Fax: (306) 787-5899
Email: ola.ben-ajayi@gov.sk.ca

Securities - Commission Adopts Amendments to National Instrument 31-103

November 25, 2011 – The Saskatchewan Financial Services Commission adopts amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations. These amendments add conditions to certain exemptions in NI 31-103 for members of the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada. Subject to Ministerial approval these amendments will be effective February 28, 2012.

For more information, please contact:

Dean Murrison, Deputy Director, Legal and 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 – Canadian Securities Regulators Propose Enhancements to Scholarship Plan Disclosure

November 25, 2011 – Canadian Securities Administrators (CSA) today published for a second comment period amendments to National Instrument 41-101 General Prospectus Requirements, including Proposed Prospectus Form 41-101F3 Information Required In A Scholarship Plan Prospectus, which introduces a tailored disclosure form for scholarship plans. The CSA are proposing revisions to the amendments of NI 41-101, first published in March 2010, based on feedback received on that initial publication. The proposed revisions aim to further clarify disclosure requirements related to scholarship plans. The comment period ends January 24, 2012.

For more information, please contact:

Securities – CSA Consultation Paper 91-403 – Derivatives: Surveillance and Enforcement

November 25, 2011 – The Canadian Securities Administrators published for comment Consultation Paper 91-403 Derivatives: Surveillance and Enforcement. The public consultation paper proposes a framework for surveillance and monitoring, market conduct and enforcement in respect of the over-the-counter derivatives (OTC) derivatives market. The consultation paper is one in a series of eight papers that set out a proposed regulatory framework for trading in OTC derivatives. The comment period expires January 25, 2012.

For more information, please contact:

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 – Canadian Securities Regulators Propose Amendments to “Pre-Marketing” and “Marketing” Prospectus Rules

November 25, 2011 - The Canadian Securities Administrators (CSA) today published for comment proposed amendments to National Instrument 41-101 General Prospectus Requirements and other rules, which would increase the range of permissible “pre-marketing” and “marketing” activities in connection with prospectus offerings by issuers other than mutual funds. Specifically, these amendments refer to promotional activity and communications with potential investors before and after the filing of a preliminary prospectus. Comment period ends February 3, 2012.

For more information, please contact:

Ian McIntosh, Deputy Director, Corporate Finance
Securities Division
Saskatchewan Financial Services Commission
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5871
Fax: (306) 787-5899
Email: sonne.udemgba@gov.sk.ca

Securities - Notice of Hearing in the Matter of C2 Ventures Inc. and Monte Dobson

November 24, 2011 - The Saskatchewan Financial Services Commission (SFSC) has issued a Notice of Hearing In the Matter of C2 Ventures Inc. and Monte Dobson.

Notice of Hearing - November 24, 2011

For more information, please contact:

Securities – Adjournment dated November 23, 2011 in the Matter of Nudawn Enterprises Ltd. et al

November 23, 2011 - Today the Saskatchewan Financial services Commission (SFSC) issued an adjournment in the Matter of Nudawn Enterprises Ltd., Ronald Jerry Fast and Danielle Fast-Carlson to January 13, 2011.

Adjournment - November 23, 2011

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 – Order in the Matter of Gold Vault Metals, LLC et al

November 23, 2011 - After hearing the submissions of legal counsel for the staff of the Saskatchewan Financial Services Commission (SFSC) and Chad Haaf on behalf of Worth Bullion Group Inc., the SFSC has issued an order dated October 21, 2011 In the Matter of Gold Vault Metals, LLC, Brian Darrow, Vincent Zapputo and Mark Walker ordering that the hearing in this matter commence at 9:00 am on January 11, 2012.

Order - November 23, 2011

For more information, please contact:

Securities – Hearing Into Allegations Against Alena Pastuch and Others Will Not Proceed

November 22, 2011 - Alena Pastuch has filed a Notice of Appeal with the Court of Appeal appealing the Hearing Panel's decisions dated October 19, 2011 and November 14, 2011. In those decisions the Hearing Panel denied Pastuch’s request for an indefinite adjournment of the hearing in this matter and ordered that the hearing proceed on December 12, 2011. Because the filing of the Notice of Appeal stays the Hearing Panel's decisions, the hearing will not proceed until the Court of Appeal has dealt with the appeal.

Notice of Appeal - November 22, 2011

For more information, please contact:

Securities - Commission Adopts Amendments to National Policy 11-201

November 18, 2011 – The Saskatchewan Financial Services Commission (SFSC) adopts ammendments to National Policy 11-201 Delivery of Documents by Electronic Means. On the effective date, this policy will be renamed National Policy 11-201 Electronic Delivery of Documents.

For more information, please contact:

Securities – Commission Approves New Local Policy 11-602

November 16, 2011 – The Saskatchewan Financial Services Commission (SFSC) has approved new Local Policy 11-602 Disclosure of Personal Information in Documents under The Securities Act, 1988. The document states that it is the Commission’s policy to black out the personal information of all individuals in documents that are posted on the Website with limited exceptions.

Policy Statemnt 11-602

For more information, please contact:

Saskatchewan Financial Services Commission Issues Orders in the Matters of Troy Metz and Dallas Robinson

November 16, 2011 – Saskatchewan Financial Services Commission (SFSC) issued reciprocal orders under The Securities Act, 1988 (the Act) against Troy Metz and Dallas Robinson on November 14, 2011. Metz is a resident of Regina and former President & Chief Operating Officer of Prime Time Group Inc. (Prime Time). Robinson is a former Saskatchewan resident and Chief Executive Officer of Prime Time. He is now living in B.C. but continues to have business ties to Saskatchewan.

The reciprocal orders are based on orders issued by the U. S. Securities and Exchange Commission (the SEC). The SEC had alleged that Prime Time, Metz and Robinson participated in the dissemination of false and misleading press releases to the public concerning, among other things, Prime Time’s acquisition and ownership interest in a convenience store franchise in Puerto Rico, agreements the company purported to have with wireless businesses and purported acquisitions contrary to the Securities and Exchange Act.

Both Metz and Robinson agreed to enter into a final judgment with the SEC on the condition that they were not admitting to or denying allegations in the complaint against them.

Based on an application from staff of SFSC, the Commission issued an order pursuant to subsection 134(1.1) of the Act against Robinson that:

he cease trading in all securities and exchange contracts in Saskatchewan;
he cease advising with respect to all securities, trades or exchange contracts in Saskatchewan; and
the exemptions in Saskatchewan securities laws do not apply to him.

The Commission also issued an order against Metz that the exemptions under Saskatchewan securities laws do not apply to him until August 9, 2013 unless he is registered under the Act as an exempt market dealer or as a representative of an exempt market dealer.

In a statement released by SFSC, Director of Securities Division, Barbara Shourounis said, “We gave notice to both Metz and Robinson that staff intended to apply to the Commission under subsection 134(1.1) of the Act for reciprocal orders against them based on orders made by the SEC. In the notice we informed them that they had the right to make representations to the Commission.”

“Mr. Metz responded to our notice, and we entered into a settlement agreement in which he consented to the terms of the reciprocal order against him. Mr. Robinson did not respond to our notice, and the Commission, therefore, issued an order on the terms that staff requested.”

“We are careful not to impose needless restrictions on business. In this case it was deemed to be in the best interest of the marketplace and residents of Saskatchewan that we protect them by reciprocating the SEC’s orders. Use of reciprocal orders demonstrates our commitment to strengthening co-ordination of enforcement efforts.”

The Orders and Settlement Agreement, in their entirety, can be found below.

Securities – Commission Issues Order in the Matter of Alena Marie Pastuch et al

November 14, 2011 – The Saskatchewan Financial Services Commission (SFSC) has issued a Order In The Matter of Alena Marie Pastuch, Teamworx Productions Ltd., Idendego Inc., 101114386 Saskatchewan Ltd., 101115379 Saskatchewan Ltd. and Cryptguard Ltd. The Order sets the dates and venue for the hearing.

Adjournment Order - Novebmer 14, 2011

For more information, please contact:

Canadian Securities Regulators Announce Review of Minimum Amount and Accredited Investor Prospectus Exemptions

November 10, 2011 - The Canadian Securities Administrators (CSA) today announced that they are reviewing the $150,000 minimum amount prospectus exemption (the minimum amount exemption) and the accredited investor prospectus exemption (AI exemption) contained in National Instrument 45-106 Prospectus and Registration Exemptions.

Securities – General Order 21-802 Extension of Relief from Information Transparency Requirements for Government Debt Securities in National Instrument 21-101 Marketplace Operation

Effective date - January 1, 2012.

General Order 21-802 extends the exemption in section 8.6 of National Instrument 21-101 from the transparency requirements for government debt securities until December 31, 2014.

Securities – Agreement and Undertaking and Revocation Order in the Matter of Arno Keller

November 4, 2011 - Agreement and Undertaking and Revocation Order in the Matter of Arno Keller

For more information, please contact:

Securities – Agreement and Undertaking in the Matter of Chad Streifel

November 2, 2011 - Today The Saskatchewan Financial Services Commission (SFSC) executed an Agreement and Undertaking in the Matter of Chad Streifel.

Agreement and Undertaking - November 2, 2011

For more information, please 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