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Message: NEW CANADIAN SECURITIES REGULATIONS --> REPORTING IS TIGHTENED

CANADIAN SECURITIES REGULATORS INFORM ISSUERS AND REPORTING INSIDERS ABOUT ACCELERATED FILING DEADLINES, FROM 10 CALENDAR DAYS DOWN TO FIVE, STARTING NOVEMBER 1ST, 2010.

A new, harmonized insider reporting regime for Canada became effective on April 30, 2010 in the form of National Instrument 55-104 Insider Reporting Requirements and Exemptions and the related Companion Policy.

After a six-month transition period ending October 31, 2010, the filing deadline for reporting insiders to report changes in their holdings is being tightened to five calendar days from the current filing deadline of ten calendar days (initial reports will still be subject to a 10 day filing deadline).

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