Form 51 - Annual information form of a mutual fund [F - Rescinded]

This is the annual information form required under Section 100 (2) (b) of the Securities Rules.

FORM 51

Information Required to be Included in the
Annual Information Form of a Mutual Fund

Securities Act

GENERAL INSTRUCTIONS:

The Annual Information Form is used in conjunction with a simplified prospectus, financial statements, notices of material change and similar material documents required to be filed to provide disclosure of all information concerning the mutual fund and the securities it proposes to issue. Information reported in an annual information form should be complete and presented in a style similar to that used in a prospectus.

Item 1 - Name and Formation of Issuer

State the full name of the issuer and the address of its head office. State the laws under which the issuer was formed, and whether by articles of incorporation, trust indenture or otherwise and the date the issuer came into existence. If material, state whether the documents have been amended.

Instructions

Particulars of any such documents need be set out only if material to the securities offered by the simplified prospectus. See Form 50, Item 6.

Item 2 - Business of the Issuer

Describe the business of the issuer.

1. If the issuer has engaged in any business other than that of a mutual fund during the past five years, state the nature of the other business and give the approximate date on which the issuer commenced to operate as a mutual fund. If the issuer's name was changed during the period, state its former name and the date on which it was changed. Indicate briefly the nature and results of any bankruptcy, receivership or similar proceedings or any other material reorganization of the issuer during the period.
   
   
2. If during the past two years any affiliate of the issuer had any material interest, direct or indirect, in any transaction involving the purchase of any substantial amount of assets presently held by the issuer, describe the interest of the affiliate in such transaction and state the cost of such assets to the purchaser and to the seller.

Item 3 - Price of Securities on Sale or Redemption

Repeat disclosure from the simplified prospectus in respect of Item 7 of Form 50 and, in addition,

(a) Describe the rules used for the valuation of the issuer's assets and liabilities for the purpose of calculating net asset value and disclose all instances, within the past three years, when the discretion to deviate from these rules, if any, was exercised.

(b) Indicate briefly any difference in the sales charges imposed upon the sale of securities in connection with the conversion or exchange of securities or the reinvestment of dividends and similar distributions.

(c) In this form, "sales charge" includes all service charges including charges relating to such matters as cost of the establishment of a contractual plan and the cost of the continuing administration and maintenance of such a plan.

(d) When giving particulars of the sales charge with respect to a contractual plan indicate when during the term of the plan the sales charge will be deducted.

(e) Give particulars of the entitlement of the purchaser of a contractual plan to a refund of any sales charge incurred if the contractual plan is terminated during the term of such plan.

Item 4 - Responsibility for Principal Functions

Repeat disclosure from the simplified prospectus in respect of this Item 9 of Form 50 and, in addition;

(a) Provide the name and address in full or alternatively solely the municipality of residence or postal address of each person, or of each of the directors and officers of each of the companies, responsible for the performance of the principal functions described in the simplified prospectus and set out above.

(b) Indicate the method of determining the amount of management fees and state the total of such fees paid during each of the last five completed financial years and separately for the period from the last completed financial year to a date within thirty days of this annual information form.

(c) Indicate the circumstances under which the management agreement may be terminated.

(d) Indicate conflicts of interest or potential conflicts of interest between the issuer and the persons and companies named in answer to (a).

Instructions

1. Where an alternate address is listed, the Executive Director may request that the home address in full be furnished to the Commission.
   
   
2. In giving information regarding distribution of securities, the name and address of only the contractual distributor need be given. See Form 50, Item 8.
   
   
3. In giving information regarding the purchase and sale of the investment portfolio and brokerage arrangements relating thereto the name and address of only the principal broker need be given.
   
   
4. In giving information regarding the purchase and sale of the investment portfolio and brokerage arrangements relating thereto give brief details of the following matters:
   
   (i) the total cost, during the last completed financial year of the issuer, of securities acquired, distinguishing between,
   
   (a) securities of or guaranteed by the government of any country, or any political subdivision thereof;
   
   (b) short-term notes; and
   
   (c) other securities;
   
   (ii) the total cost of securities held at the beginning and at the end of the issuer's last completed financial year;
   
   (iii) the formula, method or criteria used in allocating brokerage business to persons engaged in the distribution of the securities of the issuer;
   
   (iv) the formula, method or criteria used in allocating brokerage business to persons furnishing statistical, research or other services to the issuer or the manager of the issuer; and
   
   (v) the amount of brokerage paid to the principal broker for the last three completed financial years, giving the total amount paid in each year and expressing the amount paid in each year as a percentage of the total brokerage paid by the issuer.
   
   
5. If one or more persons performs more than one of the functions referred to in this item, so state, giving details of all functions so performed.
   
   
6. As used in this Form:
   
   (a) "principal broker" includes,
   
   (i) a person through whom the investment portfolio of the issuer is purchased or sold under a contractual arrangement with the issuer or the manager of the issuer providing for an exclusive right to purchase or sell the investment portfolio of the issuer or any feature which gives or is intended to give a broker or dealer a material competitive advantage over other brokers or dealers in respect of the purchase or sale of the investment portfolio of the issuer, or
   
   (ii) a person together with any affiliate, by or through whom 15 percent or more of the securities transactions of the issuer were carried out; and
   
   
   (b) "brokerage arrangements" or "brokerage business" include all purchases and sales of the investment portfolio, whether effected directly or through an agent.
   
   
7. With the consent of the Executive Director, a person who would otherwise be a principal broker may, with respect to any one or more of the items of disclosure required by this Form, be treated as not coming within the definition of a principal broker.

Item 5 - Investment Policy and Restrictions

State the policy or proposed policy of the issuer with respect to each of the following types of activities describing the extent to which the issuer may engage in or is restricted from engaging in each such activity. Indicate which of the policies may not be changed without security holder approval:

(a) the issuing of securities other than those contemplated by the issuer's simplified prospectus;

(b) the borrowing of money;

(c) the firm underwriting of securities issued by other issuers;

(d) the concentration of its investments in a particular class or kind of industry;

(e) the purchase and sale of real estate;

(f) the purchase and sale of commodities or commodity futures contracts;

(g) the making of loans, whether secured or unsecured;

(h) the investment of a specific proportion of the assets of the issuer in a particular type of security (e.g. bond, preferred shares, money market instruments, etc.);

(i) the investment of more than 10% of the assets of the issuer in the securities of any one issuer;

(j) the investment in more than 10% of the securities of any one issuer;

(k) the investment in securities for the purpose of exercising control or management;

(l) the investment in securities of investment companies or other mutual funds;

(m) the purchase or sale of mortgages;

(n) the purchase of securities on margin or selling short;

(o) the investment in securities which are not fully paid;

(p) the investment in illiquid securities or securities whose resale is restricted;

(q) the investment in foreign securities;

(r) the investment in gold or gold certificates;

(s) the pledging, mortgaging or hypothecating of the issuer's assets;

(t) the sale of portfolio securities to directors, officers or trustees, of the issuer or of the manager, or the purchase of securities from those persons;

(u) the guaranteeing of the securities or the obligations of another issuer;

(v) the purchase of options, rights and warrants;

(w) the writing of covered or uncovered clearing corporation options;

(x) the investment in a security which may require the purchaser to make an additional contribution beyond the price of the security;

(y) any investment other than in securities;

(z) the lending of the issuer's portfolio securities.

Instructions

1. For the purpose of clause (g), the purchase of debt securities for investment purposes is not considered to be the making of a loan by the issuer.
   
   
2. For the purpose of clause (p), where the issuer invests in securities whose resale is restricted, describe how those securities are valued for the purpose of computing the net asset value of the fund.

Item 6 - Significant Holdings in Other Issuers

Furnish in substantially the tabular form indicated the following information as at a date within thirty days of the date of the annual information form with respect to each issuer, 5 percent or more of whose securities of any class are beneficially owned directly or indirectly by the mutual fund or any of its subsidiaries.

TABLE
_________________________________________________

Name and Nature of Percent of Percentage of
Address its principal securities of value of issuer's
of company business any class assets invested
owned by issuer therein

_________________________________________________

Item 7 - Tax Status of Issuer and Security Holder

(a) State in general terms the bases upon which the income and capital receipts of the issuer are taxed.

(b) Repeat disclosure from the simplified prospectus in respect of the tax status of the security holder.

Item 8 - Legal Proceedings

Describe briefly any legal proceedings material to the issuer to which the issuer is a party or of which any of its property is subject. Make a similar statement as to any such proceedings known to be contemplated.

Instructions

Identify the court or the agency having jurisdiction, the date on which the suit was filed, the principal parties involved, the nature of the claim and the amount claimed. State whether the proceedings are contested and indicate the present status of the proceedings.

Item 9 - Directors, Officers and Trustees

List the names and home addresses in full or, alternatively, solely the municipality of residence or postal address, of all directors, trustees and officers of the issuer and indicate all positions and offices with the issuer held by each person named, and the principal occupations, within the five preceding years, of each director, trustee and officer.

Instructions

1. Where the municipality of residence of postal address is listed, the Executive Director may request that the home address in full be furnished to him.
   
   
2. Where the principal occupation of a director, trustee or officer is that of an officer of a company other than the mutual fund, state the business in which such company is engaged.
   
   
3. Where a director or officer has held more than one position in the issuer, or a parent or subsidiary thereof, state only the first and last position held.

Item 10 - Remuneration of Directors, Officers and Trustees

__________________________________________________

From Office, Cost of Other
Employment Pension
and Employer Benefits
Contributions

___________________________________________________

1. Directors $ $ $
   
   (Total Number . . . . ) ______________________________
   
   Future
   
   Years - $ ________
   
   ______________________________________________
   
   
2. Five Senior Officers $ $ $
   
   ______________________________________________
   
   Future
   
   Years - $ ________
   
   ______________________________________________
   
   
3. Officers with Remuneration
   
   over $50,000 $ $ $
   
   (Total Number . . . . ) ______________________________
   
   Future
   
   Years - $ ________
   
   ________________________________________________
   
   (c) State in the form of the table shown above separately for each of the following the aggregate remuneration paid or payable by the issuer in respect of the issuer's last completed financial year to;
   
   (i) the directors or trustees of the issuer in their capacity as directors or trustees of the issuer;
   
   (ii) the five senior officers of the issuer in receipt of the largest amount of remuneration, in their capacity as officers or employees of the issuer; and
   
   (iii) the officers of the issuer including those in (ii) who received in their capacity as officers or employees of the issuer and any of its subsidiaries aggregate remuneration in excess of $50,000 in that year, provided that this disclosure shall not be required where the issuer has less than seven such officers.
   
   (d) State, where practicable, the estimated aggregate cost to the issuer and its subsidiaries in or in respect of the benefits proposed to be paid under any pension or retirement plan upon retirement at normal retirement age to persons to whom paragraph (c) applies, or in the alternative, the estimated aggregate amount of all such benefits proposed to be paid upon retirement at normal retirement age to those persons.
   
   (e) State, where practicable, the aggregate of all remuneration payments other than those of the type referred to in paragraph (c) and (d) made in or in respect of the issuer's last completed financial year and, as a separate amount, proposed to be made in the future by the issuer under an existing plan to persons to whom paragraph (c) applies.

Instructions

1. For the purpose of clauses (i) and (iii) of paragraph (c), "remuneration" means amounts required to be reported as income under the Income Tax Act (Canada).
   
   
2. For the purpose of clause (ii) of paragraph (c), "remuneration" means remuneration as defined in instruction 1 plus the value of benefits (other than those benefits provided to a broad category of employees on a basis which does not discriminate in favour of officers or directors) not included in income from an office or employment and derived from contributions made by the employer to or under a group sickness or accident insurance plan, private health service plan, supplementary unemployment benefit plan, deferred profit sharing plan or group term life insurance policy.
   
   
3. For the purpose of paragraph (e), "plan" includes all plans, contracts, authorizations or arrangements, whether or not contained in any formal document or authorized by a resolution of the directors of the issuer but does not include the Canada Pension Plan or a similar government plan.
   
   
4. For the purposes of paragraph (e), "remuneration payments" include payments under a deferred profit sharing plan, deferred compensation benefits, retirement benefits or other benefits, except those paid or to be paid under a pension or retirement plan of the issuer.
   
   
5. For the purposes of paragraph (e), if it is impracticable to state the amount of proposed remuneration payments, the aggregated amount accrued to date in respect of such payments may be stated, with an explanation of the basis of future payments.

Item 11 - Indebtedness of Directors, Officers and Trustees

In regard to,

(i) each director trustee and each senior officer of the issuer;

(ii) each proposed nominee for election as a director or trustee of the issuer; and

(iii) each associate or affiliate of any such director, trustee, senior officer or proposed nominee,

who is or has been indebted to the issuer or its subsidiaries at any time since the beginning of the last completed financial year of the issuer, state with respect to each such issuer or subsidiary the largest aggregate amount of indebtedness outstanding at any time during the last completed financial year, the nature of the indebtedness and of the transaction in which it was incurred, the amount thereof presently outstanding, and the rate of interest paid or charged thereon, but no disclosure need be made of routine indebtedness.

Instructions

1. "routine indebtedness" means indebtedness described in any of the following clauses:
   
   (a) if an issuer makes loans to employees generally whether or not in the ordinary course of business then loans shall be considered to be routine indebtedness if made on terms, including those as to interest or collateral, no more favourable to the borrower than the terms on which loans are made by the issuer to employees generally, but the amount at any time remaining unpaid under such loans to any one director, senior officer or proposed nominee together with his associates or affiliates that are treated as routine indebtedness under this clause (a) shall not exceed $25,000;
   
   (b) whether or not the issuer makes loans in the ordinary course of business, a loan to a director or senior officer shall be considered to be routine indebtedness if
   
   (i) the borrower is a full-time employee of the issuer;
   
   (ii) the loan is fully secured against the residence of the borrower, and
   
   (iii) the amount of the loan does not exceed the annual salary of the borrower;
   
   (c) where the issuer makes loans in the ordinary course of business, a loan shall be considered to be routine indebtedness if made to a person other than a full-time employee of the issuer, and if the loan
   
   (i) is made on substantially the same terms, including those as to interest rate and collateral, as were available when the loan was made to other customers of the issuer with comparable credit ratings, and
   
   (ii) involves no more than usual risks of collectibility, and
   
   (d) indebtedness arising by reason of purchases made on usual trade terms or of ordinary travel or expense advances, or for similar reasons shall be considered to be routine indebtedness if the repayment arrangements are in accord with usual commercial practice.
   
   
2. State the name and home address in full or, alternatively, solely the municipality of residence or postal address of each person whose indebtedness is described.

Item 12 - Associated Persons

Furnish the following information as to each person named in the simplified prospectus and repeated in the annual information form in answer to the request in Item 9 of Form 50.

(a) If a named person is associated with the issuer or is a director or senior officer of or is associated with any affiliate of the issuer or is a director or senior officer of or is associated with any company which is associated with the issuer, so state, and give particulars of the relationship.

(b) If the issuer is associated with a named person or is associated with any affiliate of a named company or is associated with any company which is associated with the named person or company, so state, and give particulars of the relationship.

(c) If any person associated with the issuer is also associated with a named person, so state, and give particulars of the relationship.

(d) If a named person has a contract or arrangement with the issuer, give a brief description of the contract or arrangement, including the basis for determining the remuneration of the named person and give the amount of remuneration paid or payable by the issuer and its subsidiaries to that person during the last completed financial year of the issuer.

(e) If a named person is associated with any other named person, so state, and give particulars of the relationship.

(f) Where and to the extent required by the Executive Director, give the business experience of each named person and, in the case of a named company, the directors and officers thereof.

Item 13 - Promoter

If any person is or has been a promoter of the issuer within the five years immediately preceding the date of the annual information form furnish the following information;

(a) State the names of the promoters, the nature and amount of anything of value (including money, property, contracts, options or rights of any kind) received or to be received by each promoter directly or indirectly from the issuer and the nature and amount of any assets, services or other consideration therefor received or to be received by the issuer.

(b) As to any assets acquired within the past two years or to be acquired by the issuer from a promoter, state the amount at which acquired or to be acquired and the principle followed or to be followed in determining the amount. Identify the person making the determination and state his relationship, if any, with the issuer or any promoter. State the date that the assets were acquired by the promoter and the cost thereof to the promoter.

Item 14 - Principal Holders of Securities

Furnish the following information as of a specified date within thirty days prior to the date of the annual information form in substantially the tabular form indicated:

(a) The number of securities in each class of voting securities of:

(i) the issuer; and

(ii) the manager of the issuer;

owned of record or beneficially directly or indirectly, by each person who owns of record, or is known by such issuer or manager to own beneficially, directly or indirectly, more than 10 percent of any class of such securities. Show in Column 5 whether the securities are owned both of record and beneficially, of record only, of beneficially only, and show in Columns 6 and 7 the respective numbers and percentages known by the issuer or manager to be owned in each such manner.

TABLE

_____________________________________________________

Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7

______________________________________________________

Name and Name of Issuer or Designation Type of Number of Percentage
address company relationship of class ownership securities of class
thereto owned

_______________________________________________________

(b) If any person named in answer to paragraph (a) owns of record or beneficially, directly or indirectly, more than 10 percent of,

(i) any class of voting securities of the contractual distributor or the principal broker of the issuer or any parent or subsidiary thereof, or

(ii) any proprietorship interest in the contractual distributor or the principal broker of the issuer,

give the percentage of such securities or the percentage of such proprietorship interest so owned by that person.

(c) The percentage of securities of each class of voting securities beneficially owned, directly or indirectly by all the directors, trustees and senior officers,

(i) of the issuer in the issuer or in a parent or subsidiary thereof, and

(ii) of the manager of the issuer in such manager or in a parent or subsidiary thereof,

in the case of each company as a group, without naming them.

TABLE

_________________________________________________________

Column 1 Column 2 Column 3 Column 4

_________________________________________________________

Name of Company Issuer or relation- Designation Percentage
ship thereto of class of class

__________________________________________________________

Instructions

1. Where a company is shown by the issuer as owning directly or indirectly more than 10 percent of any class of such securities, the Director may require the disclosure of such additional information as is necessary to identify any individual, who, through his direct or indirect ownership of voting securities in the company owns directly or indirectly more than 10 percent of any class of such securities. The name of such individual should be disclosed in a footnote to the table described in paragraph (a).
   
   
2. For the purposes of paragraph (a), securities owned beneficially, directly or indirectly, and of record shall be aggregated in determining whether any person or company owns more than 10 percent of the securities of any class.
   
   
3. For the purposes of clause (i) of paragraph (a), where no material change has occurred in the information required by such clause since the date of the financial statements filed for the issuer's most recently completed financial year, the information may be given as of the date of the financial statements.
   
   
4. If voting securities are being offered in connection with, or pursuant to, a plan of acquisition, amalgamation or reorganization, indicate, as far as practicable, the respective holdings of voting securities that will exist after giving effect to the plan.
   
   
5. If, to the knowledge of the issuer, more than 10 percent of any class of voting securities of the issuer or if, to the knowledge of the manager of the issuer, more than 10 percent of any class of voting securities of such manager are held or are to be held subject to any voting trust or another similar agreement, state the designation of such securities, the number held or to be held and the duration of the agreement. Give the names and addresses of the voting trustees and other powers under the agreement.
   
   
6. If, to the knowledge of the issuer, the parent of the issuer, the manager or the parent of the manager, any person or company named in answer to paragraph (a) is an associate or affiliate of any other person or company named therein, disclose, in so far as known, the material facts of such relationship including any basis for influence over the issuer enjoyed by the person or company other than the holding of voting securities of the issuer.

Item 15 - Interest of Management and Others in Material Transactions

Describe briefly, and where practicable state the approximate amount of, any material interest direct or indirect, of any of the following persons in any transaction within the three years prior to the date of the annual information form, or in any proposed transaction which has materially affected or will materially affect the issuer:

(i) the manager of the issuer;

(ii) the contractual distributor of the issuer;

(iii) the principal broker of the issuer;

(iv) any director, senior officer or trustee of the issuer or of any company referred to in clauses (i), (ii) or (iii) hereof;

(v) any security holder named in answer to paragraph (a) of Item 14; and

(vi) any associate or affiliate of any of the foregoing persons or companies.

Instructions

1. Give a brief description of the material transaction. Include the name and address of each person whose interest in any transaction is described and the nature of the relationship by reason of which such interest is required to be described.
   
   
2. As to any transaction involving the purchase or sale of assets by or to the issuer otherwise than in the ordinary course of business, state the cost of the assets to the purchaser and the cost thereof to the seller if acquired by the seller within two years prior to the transaction.
   
   
3. This Item does not apply to any interest arising from the ownership of securities of the issuer where the security holder receives no extra special benefit or advantage not shared on an equal basis by all other holders of the same class of securities or all other holders of the same class of securities who are resident in Canada.
   
   
4. No information need be given in answer to this Item as to any transaction or any interest therein where,
   
   (i) the rates or charges involved in the transaction are fixed by law or determined by competitive bids;
   
   (ii) the interest of a specified person in the transaction is solely that of a director of another company that is a party to the transaction;
   
   (iii) the transaction involves services as a bank or other depository of funds, transfer agent, registrar, trustee under a trust indenture or other similar services;
   
   (iv) the interest of a specified person including all periodic instalments in the case of any lease or other agreement providing for periodic payments or instalments, does not exceed $50,000; or
   
   (v) the transaction does not directly or indirectly involve remuneration for services, and
   
   (A) the interest of a specified person arose from the beneficial ownership, direct or indirect, of less than 10 percent of any class of voting securities of another company that is a party to the transaction,
   
   (B) the transaction is in the ordinary course of business of the issuer.
   
   
5. Information shall be furnished in answer to this Item with respect to transactions not excluded above that involve remuneration directly or indirectly, to any of the specified persons or companies for services in any capacity unless the interest of the person or company arises solely from the beneficial ownership, direct or indirect, of less than 10 percent of any class of voting securities of another company furnishing the services to the issuer or its subsidiaries.
   
   
6. This Item does not require the disclosure of any interest in any transaction unless such interest and transaction are material.

Item 16 - Custodian of Portfolio Securities

(a) State the name, principal business address and the nature of the business of each person holding portfolio securities of the issuer as custodian and the jurisdiction in which the portfolio securities are physically situated. The name of the custodian may be omitted if it is a bank to which the Bank Act (Canada) applies, or otherwise with the consent of the Director.

(b) Give brief details of the contractual arrangement made with the custodian.

Item 17 - Material Contracts

Give particulars of every material contract entered into within the two years prior to the date of the annual information form, by the issuer and state a reasonable time and place at which any such contract or copy thereof may be inspected during distribution of the securities being offered.

Instructions

1. The term "material contract" for this purpose means any contract that can reasonably be regarded as presently material to the proposed investor in the securities being offered.
   
   
2. Set out a complete list of all material contracts, indicating those which are disclosed elsewhere in the annual information form or in the simplified prospectus and provide particulars with respect to those material contracts about which particulars are not given elsewhere. This item does not require disclosure of contracts entered into in the ordinary course of business of the issuer.
   
   
3. Particulars of contracts should include the dates of, parties to, consideration and general nature of the contracts succinctly described.
   
   
4. Particulars of contracts need not be disclosed, or copies of such contracts made available for inspection, if the Executive Director determines that such disclosure or making available would impair the value of the contract and would not be necessary for the protection of investors.

Item 18 - Other Material Facts

Give particulars of any other material facts relating to the securities proposed to be offered and not disclosed pursuant to the foregoing items which are not contained in the simplified prospectus.

Item 19 - Certificates

(a) Include a certificate signed by the fund's Chief Executive Officer, by the fund's Chief Financial Officer, by two directors or trustees other than the foregoing and by the fund's Manager, if any, which states:

"This annual information form, the financial statements of the fund for the financial period ended (specify) and the auditors' report thereon, with such subsequent financial statements, whether annual or semi-annual, material change reports and information circulars, or annual filings in lieu thereof, required to be filed during the currency of this annual information form together with the simplified prospectus required to be sent or delivered to a purchaser during the currency of this annual information form, which documents taken together comprise the fund's permanent information record, constitute full, true and plain disclosure of all material facts relating to the securities offered by the simplified prospectus as required by securities legislation of the various provinces in which this annual information form is filed and do not contain any misrepresentation. The simplified prospectus required to be sent or delivered to a purchaser during the currency of this annual information form, read without reference to the remainder of the permanent information record, does not contain any misrepresentation."

(b) Include a certificate signed by the fund's underwriter which states:

"To the best of our knowledge, information and belief this annual information form, the financial statements of the fund for the financial period ended (specify) and the auditors' report thereon, with such subsequent financial statements, whether annual or semi-annual, material change reports and information circulars, or annual filings in lieu thereof, required to be filed during the currency of this annual information form together with the simplified prospectus required to be sent or delivered to a purchaser during the currency of this annual information form, which documents taken together comprise the fund's permanent information record, constitute full, true and plain disclosure of all material facts relating to the securities offered by the simplified prospectus as required by securities legislation of the various provinces in which this annual information form is filed and do not contain any misrepresentation. The simplified prospectus required to be sent or delivered to a purchaser during the currency of this annual information form, read without reference to the remainder of the permanent information record, does not contain any misrepresentation."