TD Securities

NewCastle Gold Ltd. engages in the exploration and development of mineral properties. The company primarily explores for gold and copper deposits. It holds a 100% interest in the Castle Mountain property that covers an area of approximately 14,500 acres of patented and unpatented mining claims located in San Bernardino County, California; and a 60% interest in the La Verde property that consists of approximately 2,600 hectares situated in Michoacán State in west-central Mexico. The company was formerly known as Castle Mountain Mining Company Limited and changed its name to NewCastle Gold Ltd. in June 2015. NewCastle Gold Ltd. was incorporated in 2009 and is headquartered in Toronto, Canada. As of December 22, 2017, NewCastle Gold Ltd. operates as a subsidiary of Trek Mining Inc.

PineCliff Energy engages in acquisition of interests in petroleum and natural gas rights and the exploration, development and production.

Artis is a diversified Canadian real estate investment trust investing in industrial and office properties in Canada and the United States. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in select markets in Canada and the United States. As of September 30, 2020, Artis' commercial property comprises approximately 23.8 million square feet of leasable area.

Spartan Energy Corp. is a Calgary-based crude oil and natural gas exploration and production company with producing properties focused in Saskatchewan. • Experienced management team • High quality asset base - light oil focused - high working interest and operatorship - majority of production tied into facilities - extensive inventory of drilling locations - large database of 3-D seismic coverage

AltaGas’ vision is to be a leading North American energy infrastructure company with a focus in Canada and the United States. Our strategy to achieve this vision is simple: capitalize on the supply and demand dynamic for natural gas and power by owning and operating assets in gas, power and utilities in places that provide a strategic competitive advantage. We operate physical assets and provide essential services to customers who produce and consume natural gas and power.

Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and Patient Handling. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, and elevators for home and commercial use. The Adapted Vehicles segment designs and builds lowered floor wheelchair accessible conversions for minivans. The Patient Handling segment manufactures and distributes therapeutic support surfaces, patient positioners, mattress overlays, and wheelchair cushions for the medical market; mattress pads and pillows for the consumer market; other foam products for the industrial market; and patient transfer slings and accessories. The company sells its products through dealers and retailers. Savaria Corporation was founded in 1979 and is headquartered in Laval, Canada.

Aligned Energy, LLC is a green energy investment and holding company. The company through its subsidiaries manufactures modular data centers and facility equipment and systems with real-time connectors. The company as incorporated in 2013 and is based in Plano, Texas.

Chorus Aviation Inc. ('Chorus') (TSX: CHR) announced today that Chorus Aviation Capital ('CAC') has acquired two ATR72-600 aircraft (MSNs 1147, 1154) on lease to Malindo Air, a Malaysian operator.Chorus Aviation Inc. ("Chorus") (TSX: CHR) will hold a conference call for analysts on Thursday, November 14, 2019, to discuss its third quarter 2019 financial results.

Silver Wheaton is the largest precious metal streaming company in the world. The company has entered into a number of agreements where, in exchange for an upfront payment, it has the right to purchase, at a low fixed cost, all or a portion of the silver and/or gold production from several high-quality mines located in politically stable regions around the globe. Silver Wheaton currently has streaming agreements for 22 operating mines and 7 development stage projects. The company’s growth profile is driven by a portfolio of world-class assets, including precious metal and gold streams on Hudbay’s Constancia project and Vale’s Salobo and Sudbury mines. Silver Wheaton’s unique business model creates significant shareholder value by providing: Leverage to increases in the price of silver and gold; Additional growth through the acquisition of new streams; A dividend yield, which has the potential to grow over time; and, Participation in the exploration success of the mines underlying its current agreements. Silver Wheaton offers these benefits while at the same time reducing many of the downside risks faced by traditional mining companies. In particular, Silver Wheaton offers its investors both capital and operating cost certainty. Other than its initial upfront payment, Silver Wheaton typically has no ongoing capital or exploration costs. Furthermore, its operating costs have historically been fixed at approximately US$4 per ounce of silver and US$400 per ounce of gold produced, allowing shareholders to benefit from strong margin growth in a rising silver and gold price environment. The company has an experienced management team with a strong track record of success, and is well positioned for further growth.

Xand is a premier facilities-based provider of data center managed services and technology solutions for clients requiring exceptional uptime, performance and support for mission-critical business operations. Since 1999, Xand has designed, built, and managed IT infrastructure services which allow enterprises to maximize their critical application performance and availability. Xand offers cost-efficient, custom designed solutions tailored to meet any organization’s requirements via colocation, cloud, enterprise hosting, managed services, business continuity/disaster recovery, and wide area networking platforms. These services and more are delivered across all of Xand’s best-in-class facilities, utilizing superior engineering expertise and unparalleled commitment to customer service to consistently deliver excellence.

Founded in 1988, Tricon is a residential real estate company predominantly focused on rental housing serving the middle-market demographic. Tricon owns and operates approximately 30,000 single-family rental homes and multi-family rental units in 21 markets across the United States and Canada. Tricon has approximately $8.2 billion of assets under management, which it owns or manages on behalf of third-party investors. Nearly 95% of Tricon’s assets under management are invested in the United States. Tricon typically co-invests 20% to 50% of the capital in each investment vehicle it manages on behalf of third party investors. Tricon is publicly owned and is listed on the Toronto stock exchange (TSX:TCN). Tricon is headquartered in Toronto and has offices in San Francisco, Houston, and Orange County.

Mason Graphite Inc., a mining and processing company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada. It primarily owns a 100% interest in the Lac Guéret graphite property, which consists of 215 claims covering an area of 11,630 hectares located in northeastern Quebec. The company was incorporated in 2011 and is headquartered in Laval, Canada.

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company’s Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products. Superior General Partner Inc. serves as the general partner of the company. Superior Plus Corp. was founded in 1996 and is headquartered in Toronto, Canada.

CU Inc. is a wholly-owned subsidiary of Canadian Utilities Limited, an ATCO Company.CU Inc. is an Alberta-based corporation with approximately 3,500 employees and assets of $16 billion comprised of rate-regulated utility operations in natural gas and electricity distribution and transmission.

Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in Canada and the United States. The company owns and operates 114 cemeteries, 39 crematoriums, and 109 funeral homes. It primarily offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral services and after life celebration services. The company provides its products and services at the time of need and on a pre-arranged basis. Park Lawn Corporation was founded in 1892 and is headquartered in Toronto, Canada.

Innergex énergie renouvelable inc. est un chef de file canadien de l’industrie de l’énergie renouvelable. En activité depuis 1990, la Société développe, détient et gère des centrales hydroélectriques au fil de l’eau, des parcs éoliens et des parcs solaires photovoltaïques et elle exerce ses activités au Québec, en Ontario, en Colombie-Britannique, dans l'Idaho aux États-Unis et en France. Innergex Renewable Energy Inc. is a leading Canadian independent renewable power producer. Active since 1990, the Company develops, owns and operates run-of-river hydroelectric facilities, wind farms and solar photovoltaic farms and carries out its operations in Quebec, Ontario and British Columbia, Idaho, USA, and France.

Strategic Venue Partners, Inc. develops wireless technology servicesIts services include deployment of DAS, wireless LAN, fiber, IPTV, and public safety technologies. The company was incorporated in 2017 and is based in Madison, Connecticut.

K92 Mining Inc. engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. Its principal property is the Kainantu property that covers an area of 725 square kilometers located in the Eastern Highlands province. The company is headquartered in Vancouver, Canada.

SECURE provides safe, innovative, efficient and environmentally responsible fluids and solids solutions to the oil and gas industry. The Corporation owns and operates midstream infrastructure and provides environmental services and innovative products to upstream oil and natural gas companies.

Enablence Technologies Inc. designs, manufactures, and sells optical components and subsystems for access, metro, and long-haul markets worldwide. The company offers a line of transmit optical sub-assembly (TOSA) and receive optical sub-assembly (ROSA) products; a range of arrayed waveguide gratings; multicast switches and iROAD solutions for multi-channel reconfigurable optical add/drop multiplexer; and PLC-based VOA/Multiplexer modules. It also provides optical component design, custom wafer fabrication, hybrid integration, and packaging and testing services for telecommunications, aerospace, defense, and bio/chemical-sensor markets. In addition, the company offers optical splitters, such as splitter chips, splitter modules, and polarization maintaining splitter modules; and optical channel monitors for optical power detection of individual channels on a multiplex of DWDM wavelengths. Enablence Technologies Inc. is headquartered in Ottawa, Canada.

Spartan Energy Corp. is a Calgary-based crude oil and natural gas exploration and production company with producing properties focused in Saskatchewan. • Experienced management team • High quality asset base - light oil focused - high working interest and operatorship - majority of production tied into facilities - extensive inventory of drilling locations - large database of 3-D seismic coverage

Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and Patient Handling. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, and elevators for home and commercial use. The Adapted Vehicles segment designs and builds lowered floor wheelchair accessible conversions for minivans. The Patient Handling segment manufactures and distributes therapeutic support surfaces, patient positioners, mattress overlays, and wheelchair cushions for the medical market; mattress pads and pillows for the consumer market; other foam products for the industrial market; and patient transfer slings and accessories. The company sells its products through dealers and retailers. Savaria Corporation was founded in 1979 and is headquartered in Laval, Canada.

A global leader of innovative solutions for portable and stationary grain handling, storage.

Established in 1986, Enerplus is a North American energy producer with a portfolio of high-quality, low-decline oil and gas assets, complemented by growth assets in resource plays with superior economics. We are focused on creating value for our investors through the successful development of our properties. Through our activities, we strive to provide investors with a competitive return comprised of both income and organic growth. Enerplus Corporation trades on both the Toronto Stock Exchange and the New York Stock Exchange (ERF.TO & ERF.NYSE). Monthly dividends are paid on or about the 20th day of each month to all shareholders of record on or about the 10th day of each month.

Sama Resources Inc. (“Sama” or the “Company”) – (TSX.V: SME | US:LNZCF ) is a growth-oriented resource company focused on exploring the Samapleu Nickel (“Ni”) – Copper (“Cu”) project in Ivory Coast, West Africa. The Company is managed by experienced industry professionals with a strong track record of discovery. Sama, is committed to develop and exploit the Samapleu Ni-Cu and Platinum Group of Elements (“PGE”) Resources.

New Gold Inc. is an intermediate gold producer with a complementary portfolio of global assets in the United States, Mexico, Australia, Canada and Chile.

Guyana Goldfields Inc. provides exploration and production of gold. It engages in the acquisition, exploration, development, production, and operation of gold mineral properties. The company also owns and operates gold drilling rights. The company was formerly known as Chiboug Copper Company Limited and changed its name to Guyana Goldfields Inc. in January 1995. Guyana Goldfields Inc. was incorporated in 1994 and is headquartered in Toronto, Canada. As of August 25, 2020, Guyana Goldfields Inc. operates as a subsidiary of Zijin Mining Group Company Limited.

AltaGas’ vision is to be a leading North American energy infrastructure company with a focus in Canada and the United States. Our strategy to achieve this vision is simple: capitalize on the supply and demand dynamic for natural gas and power by owning and operating assets in gas, power and utilities in places that provide a strategic competitive advantage. We operate physical assets and provide essential services to customers who produce and consume natural gas and power.

Greengate Power Corporation is focused on development of quality wind energy projects in Alberta in areas with available transmission capacity. Many of Alberta's best wind resources are located in areas that are transmission constrained, and require significant transmission system upgrades to exploit their potential resources. However, Greengate's portfolio of projects under development are in areas with strong wind resources, are geographically diverse, and are in transmission rich areas of Alberta.

Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee's award-winning solutions enable wireless and wireline operators to monetize the value of each subscriber transaction while personalizing the subscriber experience to meet mainstream, niche and individual market segment requirements. Redknee's revenue generating solutions provide advanced converged billing, rating, charging and policy for voice, messaging and new generation data services to over 90 network operators in over 50 countries. Established in 1999, Redknee Solutions Inc. (TSX: RKN) is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries. References to Redknee refer to the combined operations of those entities.

SECURE provides safe, innovative, efficient and environmentally responsible fluids and solids solutions to the oil and gas industry. The Corporation owns and operates midstream infrastructure and provides environmental services and innovative products to upstream oil and natural gas companies.

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $10 billion in assets and 2014 revenues of $2.97 billion. The company invests in electricity generation, transmission and distribution, as well as gas transmission and utility energy services. Emera's strategy is focused on the transformation of the electricity industry to cleaner generation and the delivery of that clean energy to market. Emera has investments throughout northeastern North America, and in four Caribbean countries. Emera continues to target having 75-85 percent of its adjusted earnings come from rate-regulated businesses. Emera common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, and EMA.PR.F

Datapipe offers a single provider solution for managing and securing mission-critical IT services, including cloud computing, infrastructure as a service, platform as a service, colocation and data centers. Datapipe delivers those services from the world's most influential technical and financial markets including New York metro, Silicon Valley, London, Hong Kong and Shanghai. Datapipe provides services to a range of vertical industries, including financial services, healthcare and pharmaceutical, manufacturing and distribution, state and federal governments, publishing, media and communications, business services, public sector, technology and software. Datapipe was named to Gartner's 2010 Magic Quadrant for Cloud Infrastructure as a Service and Web Hosting.

Element Fleet Management (TSX: EFN) is the leading global fleet management company, providing world-class management services and financing for commercial vehicle and equipment fleets.

Parex Resources Inc. (“Parex”), through its direct and indirect subsidiaries, is actively engaged in crude oil exploration, development and production. The Company strives to grow reserves, production, and cash flow in a way that is sustainable for the business, the environment and surrounding communities.

Osisko Gold Royalties Ltd is an intermediate precious metal royalty company that holds a North American focused portfolio of over 130 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its 5% NSR royalty on the Canadian Malartic Mine, which is the largest gold mine in Canada. Osisko also owns a portfolio of publicly held resource companies, including an interest in Barkerville Gold Mines Ltd., an interest in Osisko Mining Inc. and an interest in Falco Resources Ltd.

SECURE provides safe, innovative, efficient and environmentally responsible fluids and solids solutions to the oil and gas industry. The Corporation owns and operates midstream infrastructure and provides environmental services and innovative products to upstream oil and natural gas companies.

Trinidad Drilling Ltd. designs, builds, and operates drilling rigs for complex wells primarily in Canada, the United States, and internationally. It provides land drilling services. The company operates 70 rigs in Canada; and 69 rigs in the United States and internationally. It also engages in construction and insurance businesses; and provides rig technology and labor services. The company was founded in 1996 and is headquartered in Calgary, Canada.

Xebec provides gas purification and filtration solutions for the natural gas, field gas, biogas, helium, and hydrogen markets. Xebec designs, engineers, and manufactures innovative products that transform raw gases into marketable sources of clean energy.

SEMAFO Inc., a mining company, engages in the exploration, development, and operation of gold properties in West Africa. The company operates the Mana Mine in Burkina Faso, which includes the satellite deposits of Siou. It also holds 90% interest in the Boungou project. The company was formerly known as West Africa Mining Exploration Corporation Inc. and changed its name to SEMAFO Inc. in May 1997. SEMAFO Inc. was founded in 1994 and is headquartered in Saint-Laurent, Canada.

McEwen Mining Inc. engages in the exploration, development, production, and sale of gold and silver in the United States, Canada, Mexico, and Argentina. The company explores for copper deposits. It owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada. The company also owns interests in the Fuller, Davidson-Tisdale, Buffalo Ankerite, and Paymaster exploration properties located in Canada; and a 49% interest in the San José mine located in Argentina. In addition, it owns 100% interests in the Gold Bar and Tonkin properties located in Eureka County, Nevada; and interests in the Los Azules copper project located in the cordilleran region in the province of San Juan, Argentina. The company was formerly known as US Gold Corporation and changed its name to McEwen Mining Inc. in January 2012. McEwen Mining Inc. was founded in 1979 and is headquartered in Toronto, Canada.

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $10 billion in assets and 2014 revenues of $2.97 billion. The company invests in electricity generation, transmission and distribution, as well as gas transmission and utility energy services. Emera's strategy is focused on the transformation of the electricity industry to cleaner generation and the delivery of that clean energy to market. Emera has investments throughout northeastern North America, and in four Caribbean countries. Emera continues to target having 75-85 percent of its adjusted earnings come from rate-regulated businesses. Emera common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, and EMA.PR.F

AcuityAds is a technology company that enables marketers to connect intelligently with their most meaningful audiences through digital media. A Self-Serve programmatic marketing platform, powered by machine learning, is at the core of its business. This is accompanied by strategic digital advertising solutions that cater to social, mobile and video-specific needs. AcuityAds empowers marketers by offering transparency on costs and brand safety, and real-time reporting and analytics, bringing accountability to programmatic advertising to deliver business results. AcuityAds is headquartered in Toronto, Canada with sales offices in New York City, Boston, Chicago, Los Angeles, San Francisco, San Diego, Vancouver, Calgary and Montreal. For more information, visit AcuityAds.com.

Detour Gold Corporation (TSX: DGC) is a Canadian intermediate gold producer. The Company owns and operates the Detour Lake mine, a long life large-scale open pit operation in the mining-friendly jurisdiction of northern Ontario. Currently, Detour Lake is the second largest gold producing mine in Canada with the largest gold reserves. Detour Gold is in a position to deliver superior returns with its growing cash flow profile, organic growth initiatives, and significant potential for further exploration discoveries on its large land package. The Company is dedicated to responsible mining and to the highest safety and environment standards while having a strong commitment to the communities they operate and live in.

BSM Wireless Solutions are designed to evolve with your business. They offer a wide range of features allowing us to tailor each solution to meet your business needs. From basic fleet tracking to complex third-party system integrations, they have the flexibility and tools to help you better manage your operations.

Orla Mining owns two advanced stage open pit, heap leach style oxide gold projects in Panama and Mexico. Camino Rojo is an advanced gold and silver project covering over 200,000 hectares in Zacatecas State, Central Mexico. The project is 100% owned and has historical oxide reserves along with historical sulphide resources (which Goldcorp retains a back-in right on the sulphides). The Company believes it has exploration potential for additional oxide and sulphide mineral resources.

NuVista Energy Ltd., a condensate and natural gas company, engages in the development, delineation, and production of condensate, oil, and natural gas reserves in the Western Canadian Sedimentary Basin. It primarily focuses on the condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin. NuVista Energy Ltd. was incorporated in 2003 and is headquartered in Calgary, Canada.

Raging River Exploration Inc. engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. The company primarily holds interests in the properties located in the Viking light oil fairway at the greater Dodsland area in southwest Saskatchewan; and in the Esther area of southeastern Alberta. Its net undeveloped land base consists of 591,363 acres. The company was incorporated in 2011 and is headquartered in Calgary, Canada. As of August 22, 2018, Raging River Exploration Inc. operates as a subsidiary of Baytex Energy Corp.

Greenlane is a pioneer in the rapidly emerging renewable natural gas (RNG) market. As a leading global provider of biogas upgrading systems, we help waste producers, gas utilities, and project developers do more with biogas, helping them turn a low-value product into a high-value low-carbon renewable resource. Greenlane’s biogas upgrading systems are marketed and sold under our Greenlane Biogas™ brand. Our full-system solutions remove impurities and separate carbon dioxide from biomethane in raw biogas to create clean RNG for pipeline injection, liquefaction, or direct use as a vehicle fuel.

Spartan Energy Corp. is a Calgary-based crude oil and natural gas exploration and production company with producing properties focused in Saskatchewan. • Experienced management team • High quality asset base - light oil focused - high working interest and operatorship - majority of production tied into facilities - extensive inventory of drilling locations - large database of 3-D seismic coverage

Mobilitie was founded in 2005 with the goal of assisting wireless carriers in meeting their network infrastructure needs through a strategic partnership model. Mobilitie is recognized as an industry leader for developing, operating, and leasing communication towers, indoor and outdoor DAS networks, and other infrastructure that supports wireless communications. Mobilitie is headquartered in Newport Beach, CA.

CoreSite Realty Corporation owns, develops, and operates data centers in certain data center markets in the United States, including Los Angeles, the San Francisco Bay and Northern Virginia areas, Chicago, and New York City. Its customer base consists of enterprise customers, communications service providers, media and content companies, government agencies, and educational institutions.

Founded in 1988, Tricon is a residential real estate company predominantly focused on rental housing serving the middle-market demographic. Tricon owns and operates approximately 30,000 single-family rental homes and multi-family rental units in 21 markets across the United States and Canada. Tricon has approximately $8.2 billion of assets under management, which it owns or manages on behalf of third-party investors. Nearly 95% of Tricon’s assets under management are invested in the United States. Tricon typically co-invests 20% to 50% of the capital in each investment vehicle it manages on behalf of third party investors. Tricon is publicly owned and is listed on the Toronto stock exchange (TSX:TCN). Tricon is headquartered in Toronto and has offices in San Francisco, Houston, and Orange County.

Sherritt is one of the world’s largest producers of nickel from lateritic sources with operations in Canada, Cuba and Madagascar. They pride ourselves on being a leading low-cost producer that generates sustainable prosperity for their employees, investors and the communities in which they operate. They are also the largest independent energy producer in Cuba, with extensive oil and power operations across the island.

Denison Mines Corp is a uranium exploration and development company.

Xebec provides gas purification and filtration solutions for the natural gas, field gas, biogas, helium, and hydrogen markets. Xebec designs, engineers, and manufactures innovative products that transform raw gases into marketable sources of clean energy.

Crombie REIT is one of Canada's leading real estate investment trusts. We believe in building high-quality, sustainable real estate that enhances local communities for the long term. We invest in welcoming, convenient properties where people want to live, work, shop and play. With more than 280 properties nation-wide, we’re proud of how we’re helping shape Canada.

Compass Diversified Holdings is a public company that owns and manages a diverse of middle-market businesses. The company offers its shareholders an opportunity to own profitable middle-market businesses that hold highly defensible positions in their individual market niches. Their model for creating shareholder value involves discipline in identifying and valuing businesses and proactive engagement with the management teams of the companies they acquire. Compass Diversified Holdings delivers a high level of transparency in its financial reporting and governance processes. The company was founded in 1998 and is based in Westport, Connecticut, United States.

Sabina Gold & Silver Corp. is an emerging precious metals company with district scale, world class undeveloped assets in one of the world's newest, politically stable mining jurisdictions: Nunavut, Canada. Sabina recently released a Feasibility Study on its 100% owned Back River Gold Project which presents a project that has been designed on a fit-for purpose basis, with the potential to produce ~200,000 ounces a year for ~11 years with a rapid payback of 2.9 years. At a US$1,150 gold price and a 0.80 exchange rate, the Study delivers a potential after tax internal rate of return of approximately 24.2% with an initial CAPEX of $415 million.

Sandstorm is a gold streaming and royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 160 streams and royalties, of which 20 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties.

Spectra Securities Software is a world leader in the development and delivery of eCommerce solutions for the banking, brokerage, and insurance industries. The Spectra suite of software solutions provides the financial services industry with cost-effective customized applications that leverage traditional, new, and future technologies. Spectra’s industry leading solutions provide financial services companies with the online and wireless services required to gain a competitive edge in today’s highly competitive marketplace.

A global leader of innovative solutions for portable and stationary grain handling, storage.

Trevali Mining operates as a zinc-focused base metals mining company with one producing operation in Peru and another currently undergoing commissioning in Canada. In Peru, the company is actively producing zinc and lead-silver concentrates from its 2,000-tonne-per-day Santander mine. In Canada, Trevali owns the Caribou mine and mill, Halfmile mine, and Stratmat deposit all located in the Bathurst Mining Camp of northern New Brunswick. The company is currently commissioning its 3,000-tonne-per-day Caribou mine.

Mason Graphite Inc., a mining and processing company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada. It primarily owns a 100% interest in the Lac Guéret graphite property, which consists of 215 claims covering an area of 11,630 hectares located in northeastern Quebec. The company was incorporated in 2011 and is headquartered in Laval, Canada.

Hudbay is an integrated mining company producing copper concentrate (containing copper, gold and silver), molybdenum concentrate and zinc metal. The company owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), along with copper projects in Arizona and Nevada (United States). Guided by our values and powered by the expertise, experience and commitment of our people, our vision is to be a responsible, top-tier operator of long-life, low-cost mines in the Americas. Our mission is to create sustainable value through the acquisition, development and operation of high-quality, long-life deposits in jurisdictions that support responsible mining, and to see the regions and communities in which we operate benefit from our presence.

Detour Gold Corporation (TSX: DGC) is a Canadian intermediate gold producer. The Company owns and operates the Detour Lake mine, a long life large-scale open pit operation in the mining-friendly jurisdiction of northern Ontario. Currently, Detour Lake is the second largest gold producing mine in Canada with the largest gold reserves. Detour Gold is in a position to deliver superior returns with its growing cash flow profile, organic growth initiatives, and significant potential for further exploration discoveries on its large land package. The Company is dedicated to responsible mining and to the highest safety and environment standards while having a strong commitment to the communities they operate and live in.

Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and Patient Handling. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, and elevators for home and commercial use. The Adapted Vehicles segment designs and builds lowered floor wheelchair accessible conversions for minivans. The Patient Handling segment manufactures and distributes therapeutic support surfaces, patient positioners, mattress overlays, and wheelchair cushions for the medical market; mattress pads and pillows for the consumer market; other foam products for the industrial market; and patient transfer slings and accessories. The company sells its products through dealers and retailers. Savaria Corporation was founded in 1979 and is headquartered in Laval, Canada.

Tahoe Resources acquires, explores for, develops, and operates mineral properties in the Americas together with its subsidiaries. It explores for silver, gold, lead, zinc, and copper deposits, as well as precious metals assets. Tahoe Resources holds interest in the La Arena gold mine located in the Huamachuco district of northern Peru; Shahuindo mine located in the province of Cajabamba in northern Peru; and La Arena II, a copper-gold porphyry deposit located in Peru. It also holds interest in the Timmins mines, including the Bell Creek and Timmins West mines, the Fenn-Gib project, the Juby project, the Vogel project, and the Gold River project located in Timmins, Ontario. C. Kevin McArthur founded CKM Resources in 2009 that became Tahoe Resources in January 2010. Its headquarters is in Reno in Nevada.

CyrusOne provides information technology (IT) infrastructure and services in North America and Europe. It offers data center, managed hosting, colocation, and managed IT services. The company also provides IT infrastructure consulting services, including network design and performance, network security, and fault and performance management services, as well as change control management services. It serves financial services, energy, medical, technology, legal, and call center industries. The company was founded in 2000 and is headquartered in Houston, Texas.

EnerCare Inc. (EnerCare) is a strong Company with a compelling business model. The January 2011 conversion to a dividend-paying corporation allows the Company to access larger pools of capital and attract new investors. The Company is engaged in the water heater rental and sub-metering businesses with over 1.1 million water heaters and other assets, rented primarily to residential customers in Ontario. EnerCare also owns Stratacon Inc. and EnerCare Connections Inc., leading sub-metering companies, with metering contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada.

Trinidad Drilling Ltd. designs, builds, and operates drilling rigs for complex wells primarily in Canada, the United States, and internationally. It provides land drilling services. The company operates 70 rigs in Canada; and 69 rigs in the United States and internationally. It also engages in construction and insurance businesses; and provides rig technology and labor services. The company was founded in 1996 and is headquartered in Calgary, Canada.

Founded in 1988, Tricon is a residential real estate company predominantly focused on rental housing serving the middle-market demographic. Tricon owns and operates approximately 30,000 single-family rental homes and multi-family rental units in 21 markets across the United States and Canada. Tricon has approximately $8.2 billion of assets under management, which it owns or manages on behalf of third-party investors. Nearly 95% of Tricon’s assets under management are invested in the United States. Tricon typically co-invests 20% to 50% of the capital in each investment vehicle it manages on behalf of third party investors. Tricon is publicly owned and is listed on the Toronto stock exchange (TSX:TCN). Tricon is headquartered in Toronto and has offices in San Francisco, Houston, and Orange County.

Founded in 1988, Tricon is a residential real estate company predominantly focused on rental housing serving the middle-market demographic. Tricon owns and operates approximately 30,000 single-family rental homes and multi-family rental units in 21 markets across the United States and Canada. Tricon has approximately $8.2 billion of assets under management, which it owns or manages on behalf of third-party investors. Nearly 95% of Tricon’s assets under management are invested in the United States. Tricon typically co-invests 20% to 50% of the capital in each investment vehicle it manages on behalf of third party investors. Tricon is publicly owned and is listed on the Toronto stock exchange (TSX:TCN). Tricon is headquartered in Toronto and has offices in San Francisco, Houston, and Orange County.

Guyana Goldfields Inc. provides exploration and production of gold. It engages in the acquisition, exploration, development, production, and operation of gold mineral properties. The company also owns and operates gold drilling rights. The company was formerly known as Chiboug Copper Company Limited and changed its name to Guyana Goldfields Inc. in January 1995. Guyana Goldfields Inc. was incorporated in 1994 and is headquartered in Toronto, Canada. As of August 25, 2020, Guyana Goldfields Inc. operates as a subsidiary of Zijin Mining Group Company Limited.

A global leader of innovative solutions for portable and stationary grain handling, storage.

Full Investment Portfolio: Bonds: 71% Canadian equities: 3% Foreign equities: 7% Alternative investments: 19% Founded in 1937, Air Canada is a Saint Laurent-based flag carrier and airlines company which provides retirement and other welfare benefits to its employees.

Denison Mines Corp is a uranium exploration and development company.

Raging River Exploration Inc. engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. The company primarily holds interests in the properties located in the Viking light oil fairway at the greater Dodsland area in southwest Saskatchewan; and in the Esther area of southeastern Alberta. Its net undeveloped land base consists of 591,363 acres. The company was incorporated in 2011 and is headquartered in Calgary, Canada. As of August 22, 2018, Raging River Exploration Inc. operates as a subsidiary of Baytex Energy Corp.

365 Data Centers provides secure and reliable colocation services that offer an easier way to scale business growth and connect to the cloud. Through its 17 U.S. data centers, 100% uptime SLA, and national network of carriers and content providers, 365 offers flexible pricing models that let customers pay as they grow with no long-term lock in. Services are secure and tailored for small and mid-sized businesses, telecom carriers and cloud service providers. We partner with businesses, technology leaders and community leaders to build technology centers that enable economic growth. With 365 as a local provider, driving business growth just got easier. 365 is a privately held company based in Emeryville, California. Its financial partners include Housatonic Partners and Crosslink Capital Brightwood Capital.

Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in Canada and the United States. The company owns and operates 114 cemeteries, 39 crematoriums, and 109 funeral homes. It primarily offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral services and after life celebration services. The company provides its products and services at the time of need and on a pre-arranged basis. Park Lawn Corporation was founded in 1892 and is headquartered in Toronto, Canada.

Full Investment Portfolio: Current assets: - Cash and cash equivalents - 31.22% - Marketable securities - 23.85% - Trade and other receivables - 1.24% - Inventories - 0.05% - Other current financial assets - 2.23% - Income taxes receivable - 0.07% Marketable securities - 13.42% Property and equipment - 0.16% Intangible assets - 1.85% Other financial assets - 14.51% Investment in associate - 7.21% Deferred income tax assets - 0.13% Other receivable - 4.06% Founded in 2014, Knight Therapeutics is a Canada-based pharmaceutical company.

Osisko Gold Royalties Ltd is an intermediate precious metal royalty company that holds a North American focused portfolio of over 130 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its 5% NSR royalty on the Canadian Malartic Mine, which is the largest gold mine in Canada. Osisko also owns a portfolio of publicly held resource companies, including an interest in Barkerville Gold Mines Ltd., an interest in Osisko Mining Inc. and an interest in Falco Resources Ltd.

Hudbay is an integrated mining company producing copper concentrate (containing copper, gold and silver), molybdenum concentrate and zinc metal. The company owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), along with copper projects in Arizona and Nevada (United States). Guided by our values and powered by the expertise, experience and commitment of our people, our vision is to be a responsible, top-tier operator of long-life, low-cost mines in the Americas. Our mission is to create sustainable value through the acquisition, development and operation of high-quality, long-life deposits in jurisdictions that support responsible mining, and to see the regions and communities in which we operate benefit from our presence.

Consolidated Communications, Inc. (CCI) offers residential digital TV, high-speed Internet and voice service in the greater Sacramento, California and Kansas City, Kansas and Missouri areas. Bundled residential/home offers provide additional savings for the most competitive rates. Our fiber-optic networks allow us to deliver extremely fast Internet access, crystal clear high definition cable television (HDTV), digital telephone and long distance services. All SureWest services include local, best-in-class customer service and 24/7 technical support.

Primero Mining Corp. is a Canadian-based precious metals producer that owns 100% of the San Dimas gold-silver mine and the Cerro del Gallo gold-silver-copper development project in Mexico and 100% of the Black Fox mine and adjoining properties in the Township of Black River-Matheson near Timmins, Ontario, Canada. Primero offers immediate exposure to un-hedged, below average cash cost gold production with a substantial resource base in politically stable jurisdictions. The Company is focused on becoming a leading intermediate gold producer by building a portfolio of high quality, low cost precious metals assets in the Americas.

PNI Digital Media provides transaction processing and order routing services to retailers, internet portals, websites, and telecommunication service providers. It operates PNI Digital Media Platform that connects consumer-ordered digital content from online, in-store kiosks, desktop software, or mobile phones, with retailers that have on-demand manufacturing capabilities for the production of personalized products. The company's online platform electronically connects the retailer and its customers through the Internet and provides digital image delivery, hosting, transaction processing, and storage. It also provides the retailer with kiosk software, which allows consumers to offload digital images from their digital media and order prints and gifting products within the retailer’s locations. PNI Digital Media was founded in 1995 and is headquartered in Vancouver, British Colombia.

Guyana Goldfields Inc. provides exploration and production of gold. It engages in the acquisition, exploration, development, production, and operation of gold mineral properties. The company also owns and operates gold drilling rights. The company was formerly known as Chiboug Copper Company Limited and changed its name to Guyana Goldfields Inc. in January 1995. Guyana Goldfields Inc. was incorporated in 1994 and is headquartered in Toronto, Canada. As of August 25, 2020, Guyana Goldfields Inc. operates as a subsidiary of Zijin Mining Group Company Limited.

Full Investment Portfolio: Current assets: - Cash and cash equivalents - 31.22% - Marketable securities - 23.85% - Trade and other receivables - 1.24% - Inventories - 0.05% - Other current financial assets - 2.23% - Income taxes receivable - 0.07% Marketable securities - 13.42% Property and equipment - 0.16% Intangible assets - 1.85% Other financial assets - 14.51% Investment in associate - 7.21% Deferred income tax assets - 0.13% Other receivable - 4.06% Founded in 2014, Knight Therapeutics is a Canada-based pharmaceutical company.

Bellatrix Exploration Ltd is an intermediate energy producer focused on exploration and development of light oil and liquids-rich natural gas opportunities in some of the most exciting plays in the Western Canada Sedimentary Basin.

Full Investment Portfolio: Current assets: - Cash and cash equivalents - 31.22% - Marketable securities - 23.85% - Trade and other receivables - 1.24% - Inventories - 0.05% - Other current financial assets - 2.23% - Income taxes receivable - 0.07% Marketable securities - 13.42% Property and equipment - 0.16% Intangible assets - 1.85% Other financial assets - 14.51% Investment in associate - 7.21% Deferred income tax assets - 0.13% Other receivable - 4.06% Founded in 2014, Knight Therapeutics is a Canada-based pharmaceutical company.

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation of uranium properties in Canada. The company holds a 100% interest in its principal property, the Rook I project that consists of 32 contiguous mineral claims covering 35,065 hectares located in the southwest Athabasca Basin, Saskatchewan. The company is headquartered in Vancouver, Canada.

Spartan Energy Corp. is a Calgary-based crude oil and natural gas exploration and production company with producing properties focused in Saskatchewan. • Experienced management team • High quality asset base - light oil focused - high working interest and operatorship - majority of production tied into facilities - extensive inventory of drilling locations - large database of 3-D seismic coverage

IAMGOLD is a leading mid-tier gold producer with four operating gold mines (including current joint ventures) on three continents. IAMGOLD has a pipeline of development and exploration projects. The company’s growth plans are focused in Canada, select countries in South America and Africa. IAMGOLD is committed to a Zero Harm approach: we continually strive to reach the highest standards in human health and safety, minimize our impact on the environment and work co-operatively with our host communities.

Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and Patient Handling. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, and elevators for home and commercial use. The Adapted Vehicles segment designs and builds lowered floor wheelchair accessible conversions for minivans. The Patient Handling segment manufactures and distributes therapeutic support surfaces, patient positioners, mattress overlays, and wheelchair cushions for the medical market; mattress pads and pillows for the consumer market; other foam products for the industrial market; and patient transfer slings and accessories. The company sells its products through dealers and retailers. Savaria Corporation was founded in 1979 and is headquartered in Laval, Canada.

Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France and Germany but also opportunistically in other European countries where assets meet the REIT's investment criteria. The REIT currently owns an interest in eleven office properties in France and Germany, comprising approximately 1,409,113 square feet of gross leasable area (taking into account the interests in the properties owned in joint ventures).

Alamosʼ core focus as a gold producer is to be a leader in growing low-cost production, a leader in financial performance, and a leader in delivering shareholder value. Alamos has consistently achieved these key objectives throughout its history and they remain the focus of our strategy going forward. Alamos, through the strength of its employees, has earned a reputation as a highly efficient, profitable mining company with significant growth potential. We believe people are the key to our success. This begins with employing some of the most talented people in the industry and treating our people – from management on down – in a way that assures we’ll get the best they have to offer. Our commitment to principles of sustainable development has been a critical factor in this success, and we are proud of the contributions that Alamos has made to our host and neighboring communities over the years, many of which are described in the Sustainability section of this site. Our commitment to principles of sustainable development is consistent with the Company’s core values – respect, equality, honesty and accountability – and our performance in this area is a critical part of how we measure our success as an organization.

A global leader of innovative solutions for portable and stationary grain handling, storage.

Denison Mines Corp is a uranium exploration and development company.

Parex Resources Inc. (“Parex”), through its direct and indirect subsidiaries, is actively engaged in crude oil exploration, development and production. The Company strives to grow reserves, production, and cash flow in a way that is sustainable for the business, the environment and surrounding communities.

Vertical Bridge (VB) is a private owner and manager of wireless communication infrastructure in the United States with a deep back-log of Build-to-Suit towers and M&A opportunities. VB is led, managed and backed by critical members of the team that grew Global Tower Partners (GTP) from its inception as a start-up in 2002 to its successful exit as a market leader for $4.8 Billion in October 2013. Vertical Bridge will continue the investment thesis successfully executed by GTP in the US market. VB leases space to telecommunications carriers and other users of wireless technology.