Providing Insider News and Knowledge to Investors Morning Report: Big buy as Surge Energy surges to challenge 52-week high June 10, 2014 Canada's morning overview of insider filings with a special focus on companies that may interest active and momentum-oriented investors. Canadian Company Insider Filing Tally* - Yesterday INK Market-Wide Sentiment Indicator* INK Market-Wide Sentiment Indicator: 200.0% INK Sentiment Reading: Overvalued INK Venture Sentiment Reading: Undervalued *Filing Tally represents Toronto Stock Exchange and Venture companies with public-market transaction SEDI filings of directly-owned equity securities. Indicators represent companies with buy-only transactions divided by companies with sell-only transactions of direct ownership equity securities in the public-market by officers and directors (exclusive of officers and directors of subsidiaries or insiders) filed over the last 60 days. The chart line shows insider sentiment trends by connecting the historic indicator daily readings going back one year. See our market report for commentary on indicator readings. Report Tutorial Video : http://www.inkresearch.com/pdf_tutorial/morning.html English Overview: Sentiment and Stocks With the iShares S&P/TSX Capped Energy Index Fund ETF (XEG) touching a 3-year high yesterday, we are on the look-out for profit-taking in the sector. While insiders were heavy sellers in advance of first quarter earnings reports, recently trading has been retrained. However, given that insiders tend to be early, we believe their sales earlier this spring still suggest that a possible correction in share prices could be at hand this summer. For that reason, we would be very picky when it comes to committing new cash to the sector right now. For investors wanting to take on additional exposure to the group, we would look for stocks where insiders are adding to their positions following recent price gains. Such purchases could signal that the market still has not fully priced in future growth. Surge Energy (SGY) which is up 22.6% over the past 3 months seems to fit our undervalued growth screen. The company operates in three areas, the Williston basin, central Alberta and northwest Alberta. Last week it closed its $430 million acquisition of Longview Oil (LNV). Following the merger, Surge expects to exit 2014 producing 21,350 barrels of oil equivalent per day with an 84% weighting to oil and liquids and a reserve life index of more than 15 years. Annualized net debt to funds flow from operation is expected to be under 1.5. Assuming commodity prices remain well behaved, the company now expects to pay a monthly dividend of 5 cents per month. What caught our attention overnight was a large director purchase even as the stock was trading near 52-week highs. Overall, Surge Energy has a sunny INK Edge outlook placing it in the top 10% of all stocks ranked. About INK Research Through our PDF reports, as well as our alerts, interactive charting and analytical services delivered via www.inkresearch.com, INK provides insider news and knowledge to investors. For sales and trial subscription information please contact [email protected] or call us at 604-669-4465 #333. See important disclaimer at the bottom of the last page. www.inkresearch.com Page 1/10 Providing Insider News and Knowledge to Investors June 10, 2014 Today's Chart Surge Energy Inc. (SGY) Chart reflects public-market and option-exercise transactions of common shares (unit trusts) by company officers and directors. USD transactions are converted to Canadian dollars by us using the Bank of Canada noon rate on the transaction date. Yesterday, Surge Energy (SGY) director Murray Douglas Smith (CCZ) bought 121,100 shares in the public market at $7.22. Over the past 90 days, 5 company insiders have reported spending $3.8 million buying company stock in the public market. See important disclaimer at the bottom of the last page. www.inkresearch.com Page 2/10 Providing Insider News and Knowledge to Investors June 10, 2014 Top-10 Tables: Yesterday's Activities Tables represent public market transactions of directly held equity securities plus purchases and sales of these securities from the exercise of options by company officers and directors filed on or after June 9, 2014. Transactions filed on Saturday and Sunday are aggregated into Friday's number. INK may adjust certain filings for common filing errors on a reasonable efforts basis. - Public market transaction - Exercise of options Top 10 Net "CO2" Buying Top 10 Net "CO2" Selling (By dollar amount, 000's) Storm Resources (SRX) Aston Hill Financial (AHF) Melcor REIT (MR) Belo Sun Mining (BSX) Eurasian Minerals (EMX) Erdene Resource Dev Corp (ERD) Sanatana Resources (STA) Brunswick Resources (BRU) Green Swan Capital (GSW) Southern Sun Minerals (SSI) (By dollar amount, 000's) $157.4 $35.6 $30.5 $18.5 $3.4 $2.0 $2.0 $1.3 $0.4 $0.3 Russel Metals (RUS) Bonavista Energy (BNP) Cipher Pharmaceuticals (DND) H&R REIT (HR) Boardwalk REIT (BEI) Sego Resources (SGZ) $-339.3 $-298.9 $-141.5 $-94.3 $-32.7 $-10.8 "CO2" may included Board chairs, CEOs, Presidents, CFOs, Treasurers, and Controllers of companies. See data description above. Top 10 Net Insider Buying Top 10 Net Insider Selling (By dollar amount, 000's) Storm Resources (SRX) Interfor (IFP) DeeThree Exploration (DTX) Gear Energy (GXE) Melcor REIT (MR) Aston Hill Financial (AHF) Chemtrade Log Inc Fnd (CHE) Hawk Exploration (HWK) Canacol Energy (CNE) Ceapro (CZO) (By dollar amount, 000's) $157.4 $103.9 $55.1 $53.3 $47.9 $35.6 $30.0 $29.2 $26.3 $19.5 Tourmaline Oil (TOU) Home Capital Group (HCG) Russel Metals (RUS) Pason Systems (PSI) Firstservice (FSV) Bonavista Energy (BNP) IMAX (IMX) Mitel Networks (MNW) Cipher Pharmaceuticals (DND) H&R REIT (HR) Top 10 Net Insider Buying Top 10 Net Insider Selling (By volume, 000's) Galway Gold (GLW) Ceapro (CZO) Gemini (GKX) Uracan Resources (URC) Odesia Group (ODS) Belo Sun Mining (BSX) Umbral Energy (UMB) Montana Exploration (MTZ) Hawk Exploration (HWK) Storm Resources (SRX) $-4,180.5 $-1,879.8 $-676.3 $-637.5 $-445.5 $-298.9 $-193.1 $-183.2 $-141.5 $-94.3 (By volume, 000's) 200.0 150.0 110.0 107.0 104.8 100.0 100.0 73.0 73.0 48.0 Sego Resources (SGZ) Symbility Solutions (SY) Tourmaline Oil (TOU) Banro (BAA) Home Capital Group (HCG) CWC Energy Services (CWC) Manitok Energy (MEI) Great Quest Fertilizer (GQ) Russel Metals (RUS) Bonavista Energy (BNP) -330.0 -100.0 -75.0 -55.0 -37.5 -36.8 -25.0 -24.0 -20.0 -18.0 See important disclaimer at the bottom of the last page. www.inkresearch.com Page 3/10 Providing Insider News and Knowledge to Investors June 10, 2014 Top-10 Tables: Yesterday's Activities (cont'd) Tables represent public market transactions of directly held equity securities plus purchases and sales of these securities from the exercise of options by company officers and directors filed on or after June 9, 2014. Transactions filed on Saturday and Sunday are aggregated into Friday's number. INK may adjust certain filings for common filing errors on a best efforts basis. - Public market transaction - Exercise of options - Information that has been adjusted or estimated by INK - Amended filing - CEO Buy - CFO Buy - Officer Buy - Director Buy - CEO Sell - CFO Sell - Officer Sell - Director Sell Yesterday's Top 10 Individual Buy Filings (By volume) Company Name Galway Gold (GLW) Ceapro (CZO) Gemini (GKX) Uracan Resources (URC) Umbral Energy (UMB) Belo Sun Mining (BSX) Robix Alternative Fuels (RZX) Montana Exploration (MTZ) Hawk Exploration (HWK) Odesia Group (ODS) Insider Name Security Hinchcliffe, Robert Taylor, Edward Arnold Boyles, Michael Alan Keep, Gordon Sharples, Clint Eaton, Mark Price Gusko, Brian Collins, James William Lough, James Charles Poirier, Michel Common Shares Common Shares Common Shares Common Shares Common Shares Common Shares Common Shares Common Shares Common Shares Class A Common Shares Unit/Share Price 200,000 150,000 150,000 107,000 100,000 100,000 100,000 73,000 73,000 69,000 0.05 0.13 0.22 0.05 0.05 0.19 0.50 0.17 0.40 0.04 Unit/Share Price -150,000 -100,000 -100,000 -80,000 -58,500 -55,000 -50,000 -41,500 -40,000 -25,000 0.03 0.33 0.04 0.04 0.51 0.44 56.36 0.51 0.83 54.50 Yesterday's Top 10 Individual Sell Filings (By volume) Company Name Sego Resources (SGZ) Symbility Solutions (SY) Sego Resources (SGZ) Sego Resources (SGZ) Robix Alternative Fuels (RZX) Banro (BAA) Tourmaline Oil (TOU) Robix Alternative Fuels (RZX) Gemini (GKX) Tourmaline Oil (TOU) Insider Name Stevenson, John Paul Adair, Richard Daniel Stevenson, John Paul Stevenson, John Paul Gusko, Brian Colson, Maurice Keenan, Kevin Gusko, Brian Naven, Terrance William Kirker, William Scott Security Common Shares Common Shares Common Shares Common Shares Common Shares Common Shares Common Shares Common Shares Common Shares Common Shares See important disclaimer at the bottom of the last page. www.inkresearch.com Page 4/10 Providing Insider News and Knowledge to Investors June 10, 2014 Daily Marker Trading Reports: Top TSX Companies with Net Buying Companies with insider and significant shareholder trading on the TSX during the previous trading day (max 50). Before using this data please read the last section "About Marker Trading Reports" found at the end of this document. Ticker Company Name Industry CWX JE SGY L TD INN.UN CFP CHR.B EDV CP CZN TRI CTC.A CHR.A TLO QBR.B CLS CM TPH EMY.UN CHE.UN ECO CKI AHF THI CIQ.UN BPF.UN MSI FFI.UN TOT GWO RLC NPI HLF ISV RBN.UN CCV PSK DGI BLB.UN OLY NXC LGT.B TLM TEI UNC GDG.UN PFD.UN BMO BTE CanWel Building Materials Just Energy Group Surge Energy Loblaw Companies The Toronto-Dominion Bank InnVest REIT Canfor Chorus Aviation Endeavour Mining Canadian Pacific Railway Canadian Zinc Thomson Reuters Canadian Tire Chorus Aviation Talon Metals Quebecor Celestica CIBC Temple Hotels Man GLG Emerg. Mkt In Fd Chemtrade Log Inc Fnd EcoSynthetix Clarke Aston Hill Financial Tim Hortons Canadian High Income Eqty Boston Pizza Royalties Morneau Shepell Flaherty&Crumrime Inv Gr Total Energy Services Great-West Lifeco Regal Lifestyle Commun. Northland Power High Liner Foods Information Services Corp Blue Ribbon Income Fd CounterPath PrairieSky Royalty DATA Group Bloom Select Inc Fd Olympia Financial Group NexC Partners Logistec Talisman Energy Toscana Energy Income Uniteds Global Dividend Growers I Limited Duration Investme Bank of Montreal Baytex Energy Construction Materials Natural Gas Distribution Oil & Gas Exploration and Production Food Retail & Distribution Banks Hospitality REITs Forest & Wood Products Regional Airlines Gold Mining Ground Freight & Logistics Integrated Mining Professional Information Services Auto Vehicles, Parts & Service Retailers Regional Airlines Iron Ore Mining Integrated Telecommunications Services Semiconductors Banks Hospitality REITs Investment Trusts Renewable Fuels Investment Trusts Investment Management & Fund Operators Quick Service Restaurants Restaurants & Bars Outsourcing & Staffing Services Closed End Funds Oil Related Services and Equipment Life & Health Insurance Healthcare Facilities & Services Electric Utilities Seafood Product Preparation & Packaging Closed End Funds Direct Marketing Investment Trusts Port Operators Oil & Gas Exploration and Production Oil & Gas Exploration and Production Closed End Funds Banks Oil & Gas Exploration and Production Share or Unit Volume Buy Sell Net 249,900 214,300 146,700 189,000 116,400 75,000 68,600 60,000 55,500 54,500 50,000 42,800 27,400 21,400 21,000 12,700 10,400 10,000 7,100 6,300 6,200 6,100 5,400 5,400 4,600 4,000 3,900 3,800 3,000 2,900 2,431 2,200 2,100 1,575 1,500 1,200 1,000 1,000 1,000 1,000 977 800 800 750 700 700 700 500 500 500 -56,331 -4,397 249,900 214,300 146,700 132,669 112,003 75,000 68,600 60,000 55,500 54,500 50,000 42,800 27,400 21,400 21,000 12,700 10,400 10,000 7,100 6,300 6,200 6,100 5,400 5,400 4,600 4,000 3,900 3,800 3,000 2,900 2,431 2,200 2,100 1,575 1,500 1,200 1,000 1,000 1,000 1,000 977 800 800 750 700 700 700 500 500 500 See important disclaimer at the bottom of the last page. www.inkresearch.com Page 5/10 Providing Insider News and Knowledge to Investors June 10, 2014 Daily Marker Trading Reports: Top TSX Companies with Net Selling Companies with insider and significant shareholder trading on the TSX during the previous trading day (max 50). Before using this data please read the last section "About Marker Trading Reports" found at the end of this document. Ticker Company Name Industry NI NLN BNS DND WJA YRB.A CEU FSV RUS SSL CWB TOU WRG POU MFI PSI BDI NVA CNQ HWO LYD LAM PHX SVY SLF TFI REI.UN CFW BCE CLK SNC CPG TRZ.B RY.PR.X AC.B SUM IFC LN SU FTT ARE ENB FSZ AP.UN CSU SEC BEI.UN ALA RCL PIH Victory Nickel NeuLion Bank of Nova Scotia, The Cipher Pharmaceuticals WestJet Airlines Yorbeau Resources Canadian Energy Services Firstservice Russel Metals Sandstorm Gold Canadian Western Bank Tourmaline Oil Western Energy Services Paramount Resources Maple Leaf Foods Pason Systems Black Diamond Group Nuvista Energy Cdn Natural Resource Ltd High Arctic Energy Serv Lydian International Laramide Resources PHX Energy Services Savanna Energy Services Sun Life Financial TransForce Riocan REIT Calfrac Well Services BCE ClubLink Enterprises SNC-Lavalin Group Crescent Point Energy Transat A.T. Royal Bank of Canada Air Canada Solium Capital Intact Financial Loncor Resources Suncor Energy Finning International Aecon Group Enbridge Fiera Capital Allied Properties REIT Constellation Software Senvest Capital Boardwalk REIT AltaGas Ridley Pacific InsightElectronic Nickel Ore Mining IT Services & Consulting Banks Pharmaceuticals Airlines Gold Mining Oil Related Services and Equipment Real Estate Services Metal Service Centers Gold Mining Banks Oil & Gas Exploration and Production Oil & Gas Drilling Integrated Oil & Gas Animal Slaughtering & Processing Oil Related Services and Equipment Oil Related Services and Equipment Oil & Gas Exploration and Production Oil & Gas Exploration and Production Oil Related Services Integrated Mining Oil & Gas Drilling Oil & Gas Drilling Life & Health Insurance Freight Trucking Retail REITs Oil Related Services and Equipment Integrated Telecommunications Services Golf Courses Construction & Engineering Oil & Gas Exploration and Production Guided Tour Operators Banks Airlines Diversified Investment Services Property & Casualty Insurance Gold Mining Oil & Gas Refining and Marketing Business Support Services Construction & Engineering Oil & Gas Transportation Services Investment Banking & Brokerage Services Office REITs Enterprise Software Investment Management & Fund Operators Residential REITs Oil & Gas Exploration and Production Animal Feed Auto, Truck & Motorcycle Parts Share or Unit Volume Buy Sell Net 10,000 294 -365,000 -109,400 -58,748 -56,700 -52,100 -50,000 -47,500 -46,700 -46,200 -44,500 -41,900 -27,900 -25,467 -23,000 -20,703 -20,400 -19,800 -18,000 -27,945 -12,600 -12,500 -12,500 -11,700 -10,200 -10,000 -10,000 -9,000 -7,400 -7,639 -7,206 -6,500 -5,600 -5,000 -3,500 -3,348 -3,100 -2,700 -2,500 -2,400 -2,247 -1,470 -826 -600 -559 -231 -200 -200 -125 -100 -100 -365,000 -109,400 -58,748 -56,700 -52,100 -50,000 -47,500 -46,700 -46,200 -44,500 -41,900 -27,900 -25,467 -23,000 -20,703 -20,400 -19,800 -18,000 -17,945 -12,600 -12,500 -12,500 -11,700 -10,200 -10,000 -10,000 -9,000 -7,400 -7,345 -7,206 -6,500 -5,600 -5,000 -3,500 -3,348 -3,100 -2,700 -2,500 -2,400 -2,247 -1,470 -826 -600 -559 -231 -200 -200 -125 -100 -100 See important disclaimer at the bottom of the last page. www.inkresearch.com Page 6/10 Providing Insider News and Knowledge to Investors June 10, 2014 Daily Marker Trading Reports: Top Venture Exchange Companies with Net Buying Companies with insider and significant shareholder trading on the TSX during the previous trading day (max 50). Before using this data please read the last section "About Marker Trading Reports" found at the end of this document. Ticker Company Name URC NS CO MNP IDI MRV FLY CMO VGD ZC TZR RHR AKV DCK FOM MWX GMN GPM APL SOI AMX CZX ACA.H GSW ARY ASQ GNM PHL.H CBG Q.B NAA NFD.A Uracan Resources Northern Spirit Resources Canadian Orebodies MNP Petroleum Indico Resources Metallum Resources FLYHT Aerospace Solutions Cliffmont Resources Visible Gold Mines Zimtu Capital Corp. Terrace Energy Redhill Resources Acrex Ventures Donnycreek Energy Foran Mining Medworxx Solutions GobiMin GPM Metals Appulse Sirios Resources Amex Exploration Canada Zinc Metals Anergy Capital Green Swan Capital Anfield Resources Astorius Resources GeoNovus Minerals Planet Health Chibougamau Indep. Mines Questfire Energy Sierra Iron Ore Northfield Capital Industry Oil & Gas Exploration and Production Integrated Mining Gold Mining Aerospace & Defense Gold Gold Mining Investment Trusts Oil & Gas Exploration and Production Integrated Mining Gold Mining Oil & Gas Exploration and Production Integrated Mining Medical Software & Technology Services Integrated Mining Copper Ore Mining Industrial Machinery & Equipment Integrated Mining Integrated Mining Zinc Ore Mining Shell Companies Copper Ore Mining Integrated Mining Specialty Mining & Metals Shell Companies Oil & Gas Exploration and Production Specialty Mining & Metals Investment Trusts Share or Unit Volume Buy Sell Net 107,000 97,000 95,000 41,000 40,000 38,000 30,000 26,000 25,000 23,500 22,000 21,000 20,000 18,000 17,000 11,000 10,000 6,000 5,300 5,000 5,000 5,000 4,000 3,500 2,500 2,000 2,000 1,500 1,000 800 500 400 107,000 97,000 95,000 41,000 40,000 38,000 30,000 26,000 25,000 23,500 22,000 21,000 20,000 18,000 17,000 11,000 10,000 6,000 5,300 5,000 5,000 5,000 4,000 3,500 2,500 2,000 2,000 1,500 1,000 800 500 400 See important disclaimer at the bottom of the last page. www.inkresearch.com Page 7/10 Providing Insider News and Knowledge to Investors June 10, 2014 Daily Marker Trading Reports: Top Venture Exchange Companies with Net Selling Companies with insider and significant shareholder trading on the TSX during the previous trading day (max 50). Before using this data please read the last section "About Marker Trading Reports" found at the end of this document. Ticker Company Name Industry SGZ KUB TEM MXM GYG AKR KAP GKX MYA CWC MEI NAN WIL PRB MAC ARN CCE ARC QHR CSX RX NZ JNX ABM BOZ Sego Resources Cub Energy Tembo Gold Maxim Resources Guyana Frontier Mining Ackroo Kapuskasing Gold Gemini Maya Gold & Silver CWC Energy Services Manitok Energy North American Nickel Wilton Resources Probe Mines THEMAC Resources Group Arcan Resources Commerce Resources Arian Resources QHR Clean Seed Capital Group BioSyent New Zealand Energy Junex Athabasca Minerals Banks Island Gold Integrated Mining Oil & Gas Exploration and Production Gold Mining Oil & Gas Exploration and Production Integrated Mining IT Services & Consulting Specialty Mining & Metals Oil Related Services Integrated Mining Oil Related Services Oil & Gas Exploration and Production Nickel Ore Mining Integrated Mining Specialty Mining & Metals Oil Exploration & Production - Onshore Rare Earth Minerals Gold Mining IT Services & Consulting Heavy Machinery & Vehicles Pharmaceuticals Oil & Gas Exploration and Production Oil & Gas Exploration and Production Construction Materials Gold Share or Unit Volume Buy Sell Net -340,000 -192,000 -100,000 -100,000 -60,000 -60,000 -50,000 -40,000 -38,000 -36,800 -29,200 -29,000 -25,500 -25,200 -25,000 -20,000 -20,000 -18,000 -16,600 -10,000 -10,000 -9,500 -9,500 -8,000 -5,500 -340,000 -192,000 -100,000 -100,000 -60,000 -60,000 -50,000 -40,000 -38,000 -36,800 -29,200 -29,000 -25,500 -25,200 -25,000 -20,000 -20,000 -18,000 -16,600 -10,000 -10,000 -9,500 -9,500 -8,000 -5,500 See important disclaimer at the bottom of the last page. www.inkresearch.com Page 8/10 Providing Insider News and Knowledge to Investors June 10, 2014 Daily Marker Trading Reports: Marker Trading Report Corrections Companies with Marker Corrections reported yesterday - please see the respective INK Company Insider report for details. TSX Venture Exchange Ticker Company Name Ticker Company Name DIR.UN INN.UN JE RUS TCS Dream Industrial REIT InnVest REIT Just Energy Group Russel Metals TECSYS HME IRN Hemisphere Energy Iron Creek Capital See important disclaimer at the bottom of the last page. www.inkresearch.com Page 9/10 Providing Insider News and Knowledge to Investors June 10, 2014 Daily Marker Trading Reports: About Marker Trading Reports The goal of Marker Trading reports is to provide investors with a "heads up" that insider or significant shareholder trading is taking place in a stock. These reports indicate if company officers, directors, and other insiders along with shareholders who own more than 10% of company shares have made a trade on either the TSX or TSX Venture Exchange during the previous trading day. This is based on preliminary information reported by the exchange which is collected from third parties. This data is subject to error. Once we are provided corrected information from the exchange, INK will make every reasonable effort to publish corrections to any Marker Trading report that contained inaccurate data by noting the details of the revision in the relevant INK Company Insider report. Corrections will only show up once so this report should be monitored daily if using the Marker Trading data. The details of who bought and at what price will be reported by INK in its Latest Filing section of the Company Insider report after an insider filing is made with regulators for the Marker Trading transaction. This may involve a delay of a number of days. In addition, some trades that show up as Marker Trading may be exempt from insider reporting requirements and in these cases details will not be reported by INK. Some of the common exemptions granted from regular insider reporting requirements are certain purchases made in automatic employee purchase plans granted under National Instrument 55-104 or transactions made by eligible investment funds that rely on National Instrument 62-103 (Part 4). Links to these documents can be found on INK Research's website under the FAQ section, question 1 (www.inkresearch.com/faq.php#1). It is INK's understanding that while exempt eligible investment fund transactions may be marked, such transactions may also be exempt from the marker process. Therefore, it is possible an exempt 10% shareholder may make a trade and not be marked and also not be required to make an insider filing which would show up as a transaction in the INK Company Insider report. The term "marker" is used because brokers put a special "flag" beside any buy or sell order executed by insiders or significant holders on either the TSX or TSX Venture Exchange. At the present time, Marker Trading reports are not available for insider trades made on alternative Canadian exchanges such as Alpha Trading Systems or on US and other foreign stock markets. Disclaimer: User agrees to only use information contained in this report for the purposes as set out in section 6.2 of COMPANION POLICY 55-102CP TO NATIONAL INSTRUMENT 55-102 of the Canadian Securities Administrators and to comply with all privacy laws. INK provides general information. INK is not an investment advisory service, a financial planner, an investment advisor nor a securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment. Users should always consult with and obtain advice from their professional licensed financial advisor, including their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment or trading securities do so with caution. Users should perform full due diligence and investigate any security fully before making an investment or before the execution of a security trade based upon information learned through INK. Investors should obtain annual reports and other company information to complete their own due diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision made. INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion; however, there may be inadvertent and occasional errors. INK makes no guarantee of accuracy or completeness. Insider transaction filings are from SEDI®; SEDI® is a registered trade-mark owned by the Alberta Securities Commission. All information and opinion expressed herein is subject to change without notice. INK employees may have an ownership or investment interest in any stock mentioned in this report. Copyright © INK Research Corp. All rights reserved. www.inkresearch.com
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