Proposed Amendments to Rules on Communications with Shareholders

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The Canadian Securities Administrators (CSA) are proposing the adoption of new rules which would allow reporting issuers to choose to provide securityholders with proxy solicitations and materials through the internet (Notice-and-Access). The proposals (Proposed Amendments) were published for consultation on June 17, 2011, and aim to reduce the substantial printing and mailing costs incurred by reporting issuers under the current regime, while using the internet to improve the efficiency of securityholder engagement.

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