Exemption Decisions (CBCA)

The following summarizes the Exemption Decisions made by the Director under the Canada Business Corporations Act.

Cenovus Energy Inc.

Decision No.:  C-001/17

It has been determined that the trust indenture to be entered into on or about April 4, 2017 between Cenovus Energy Inc., as issuer and The Bank of New York Mellon, as trustee, for the debt obligations to be issued thereunder, is exempt pursuant to subsection 82(3) of the Canada Business Corporations Act from the application of Part VIII of the Act.

This exemption has been granted on April 3, 2017.

Gravitas Financial Inc.

Decision No.:  E-029/17

It has been determined that the management of Gravitas Financial Inc. is exempt pursuant to subsection 151(1) of the Canada Business Corporations Act (CBCA) from the requirement of subsection 150(1) of the CBCA to send the prescribed management proxy circular to each shareholder whose proxy is solicited for the annual meeting of shareholders to be held on or about April 11, 2017.

The exemption has been granted on the basis that the corporation is a distributing corporation, as defined in the CBCA, and that the corporation makes the prescribed management proxy circular accessible as well as sends a notice thereof, in accordance with National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer and National Instrument 51-102 Continuous Disclosure Obligations, to each shareholder whose proxy is solicited.

This exemption has been granted on April 4, 2017.

CLEARWATER SEAFOODS INCORPORATED

Decision No.:  E-030/17

It has been determined that the management of CLEARWATER SEAFOODS INCORPORATED is exempt pursuant to subsection 151(1) of the Canada Business Corporations Act (CBCA) from the requirement of subsection 150(1) of the CBCA to send the prescribed management proxy circular to each shareholder whose proxy is solicited for the annual meeting of shareholders to be held on or about May 30, 2017.

The exemption has been granted on the basis that the corporation is a distributing corporation, as defined in the CBCA, and that the corporation makes the prescribed management proxy circular accessible as well as sends a notice thereof, in accordance with National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer and National Instrument 51-102 Continuous Disclosure Obligations, to each shareholder whose proxy is solicited.

This exemption has been granted on April 5, 2017.

Dynamic Managed Portfolios Ltd.
Portefeuilles gérés Dynamique ltée

Decision No.:  E-031/17

It has been determined that the management of Dynamic Managed Portfolios Ltd. / Portefeuilles gérés Dynamique ltée is exempt pursuant to subsection 151(1) of the Canada Business Corporations Act (CBCA) from the requirement of subsection 150(1) of the CBCA to send the prescribed management proxy circular to each shareholder whose proxy is solicited for the special meeting of shareholders to be held on or about June 9, 2017.

The exemption has been granted on the basis that the corporation is a distributing corporation, as defined in the CBCA, and that the corporation makes the prescribed management proxy circular accessible as well as sends a notice thereof, in accordance with conditions 1 and 2 set out in the decision of the Ontario Securities Commission in the matter of 1832 Asset Management L.P. dated November 4, 2016, to each shareholder whose proxy is solicited.

This exemption has been granted on April 7, 2017.

American Vanadium Corp.

Decision No.:  E-032/17

It has been determined that the management of American Vanadium Corp. is exempt pursuant to subsection 151(1) of the Canada Business Corporations Act (CBCA) from the requirement of subsection 150(1) of the CBCA to send the prescribed management proxy circular to each shareholder whose proxy is solicited for the annual meeting of shareholders to be held on or about June 30, 2017.

The exemption has been granted on the basis that the corporation is a distributing corporation, as defined in the CBCA, and that the corporation makes the prescribed management proxy circular accessible as well as sends a notice thereof, in accordance with National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer and National Instrument 51-102 Continuous Disclosure Obligations, to each shareholder whose proxy is solicited.

This exemption has been granted on April 21, 2017.

SEABRIDGE GOLD INC.

Decision No.:  E-033/17

It has been determined that the management of SEABRIDGE GOLD INC. is exempt pursuant to subsection 151(1) of the Canada Business Corporations Act (CBCA) from the requirement of subsection 150(1) of the CBCA to send the prescribed management proxy circular to each shareholder whose proxy is solicited for the annual meeting of shareholders to be held on or about June 27, 2017.

The exemption has been granted on the basis that the corporation is a distributing corporation, as defined in the CBCA, and that the corporation makes the prescribed management proxy circular accessible as well as sends a notice thereof, in accordance with National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer and National Instrument 51-102 Continuous Disclosure Obligations, to each shareholder whose proxy is solicited.

This exemption has been granted on April 27, 2017.

ProMIS Neurosciences Inc.

Decision No.:  E-034/17

It has been determined that the management of ProMIS Neurosciences Inc. is exempt pursuant to subsection 151(1) of the Canada Business Corporations Act (CBCA) from the requirement of subsection 150(1) of the CBCA to send the prescribed management proxy circular to each shareholder whose proxy is solicited for the annual meeting of shareholders to be held on or about June 28, 2017.

The exemption has been granted on the basis that the corporation is a distributing corporation, as defined in the CBCA, and that the corporation makes the prescribed management proxy circular accessible as well as sends a notice thereof, in accordance with National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer and National Instrument 51-102 Continuous Disclosure Obligations, to each shareholder whose proxy is solicited.

This exemption has been granted on April 27, 2017.

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