Shortened Insider Reporting Deadline Comes into Effect on November 1

This is a reminder that, beginning on November 1, 2010, insiders will have less time to file insider reports when disclosing a change in the beneficial ownership of securities of a reporting issuer or a change in the insider's interest in a related financial instrument involving a security of a reporting issuer. The deadline for filing those reports will be reduced from 10 days to five days, effective November 1. The 10-day delay for filing initial insider reports will not change.

The revised deadline is part of the new insider reporting requirements found in National Instrument 55-104 Insider Reporting Requirements and Exemptions , which came into effect on April 30, 2010. The Canadian Securities Administrators (CSA) provided a six-month transition period for the new 5-day deadline following the entry into force of NI 55-104 in order to provide insiders and issuers adequate time to adjust to the new accelerated reporting requirements.