James Gourlay

Founded in 1995, Acumen Capital Finance Partners Ltd. is an independent boutique investment dealer headquartered in Calgary. The firm is a Participating Organization of the Toronto Stock Exchange (TSX), a Member Firm of the TSX Venture Exchange, a Member Firm of the Investment Industry Regulatory Organization of Canada (IIROC) and a Member in the Canadian Investor Protection Fund. Acumen's research efforts focus on small-cap companies Canadian and US companies.

Bow Energy Ltd. operates as an oil and gas exploration and development company which engages in the acquisition, exploration, and development of oil and gas properties. The company was founded on April 01, 1996 and is headquartered in Calgary, Canada.

Olympia Trust Co. conducts Trust activities. It provides health and dental plans, corporate and shareholder services, self administered registered plans, and foreign exchange services. The company was founded in March, 1996 and is headquartered in Calgary, Canada.

Founded in 2010 by George Gosbee, AltaCorp Capital Inc. is an institutional financial advisory and brokerage firm headquartered in Calgary, Alberta, Canada. The firm offers a full spectrum of value-added financial and advisory services to corporations in across various stages of development. Their products and services include corporate mergers and acquisition advisory, equity financings, asset acquisitions and divestitures advisory, institutional sales and trading and institutional equity research. AltaCorp Capital focuses on key drivers of the Western Canadian economy that are global in scope including energy, agri-industry and diversified industries, with overlap into interdependent subsectors. The firm's research includes macro analysis, theme pieces, daily notes, corporate reviews, quarterly and annual overviews and other relevant market/sector issues. AltaCorp Capital's Institutional Sales and Trading team has expertise in both national and global trading markets and are fully integrated within an expansive network of long-standing relationships with institutional clients. They offer execution in trading securities and relevant and timely placing of new offers/issues. The firm also offers execution in institutional block trading and an industry leading technical platform. AltaCorp maintains a strategic relationship with ATB Financial, a full-service financial institution headquartered in Edmonton, Alberta.

Part of Height Capital LLC, Height Securities LLC is a brokerage firm. The company is based in Washington. The American company was founded by John Akridge.

Cypress Capital Management Ltd. (CCM) is a Canadian wealth management firm and registered investment advisor headquartered in Vancouver. The firm was founded in 1998 by Thomas Dean, Gregory Bay, and Anthony Werry. CCM provides investment counsel and portfolio management to institutional clients and balanced portfolio management to high-net-worth individuals, such as estates, trusts, and holding companies.

CIBC World Markets, Inc. is a full-service Canadian brokerage and investment banking firm headquartered in Toronto, Ontario. The firm was founded in 1961 and is a subsidiary of the Canadian Imperial Bank of Commerce (TSE, NYSE: CM). CIBC World Markets provides alternative investment managers with premier prime brokerage that brings together trade execution, reporting, research and capital introduction with a view to enhancing efficiencies and profitability.

Scotia Capital, Inc. (Broker) (Scotia Capital-Broker) is the broker-dealer division of Scotia Capital, Inc., a full-service financial services firm headquartered in Toronto, Canada. The firm is owned by The Bank of Nova Scotia (NYSE, TSE: BNS). Scotia Capital-Broker delivers a broad range of electronic trading products such as high-touch, low-latency, market access and a broad algorithmic trading suite for a wide range of clients globally. They publish monthly indexes to help investors track the performance of Canadian Hedge Funds and Alternative Mutual Funds.

Desjardins Securities, Inc. is the broker/dealer arm of the Desjardins Holding Financier, Inc., ultimately held by Le Mouvement des caisses Desjardins in Canada. Founded in 1991, the firm is headquartered in Montréal and has an additional office in Toronto. Desjardins Securities offers businesses and institutions with a complete range of securities brokerage products and services through its investment advisors and its Disnat Online Brokerage division. The firm is an approved participant on the Montreal Exchange and the Toronto Stock Exchange, as well as a participating member of the TSX Venture Exchange. In addition, Desjardins Securities is a member of both the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF).

Founded in 1981, Haywood Securities Inc. is a broker/dealer headquartered in Vancouver, British Columbia with additional offices in Calgary and Toronto. The firm offers a full array of investment services. Their research focuses on companies in the mining, oil & gas, biotechnology, telecommunications and technology sectors. They focus on young companies that are built around innovative ideas and offer the potential for rapid growth. Haywood Securities is a member of the Toronto Stock Exchange, the TSX Venture Exchange, the Montreal Exchange, the Canadian Trading and Quotation System, the Canadian Investor Protection Fund and the Investment Dealers Association of Canada. They are also registered to transact securities business in the U.S. and are a member of the NASD.

Raymond James Ltd. (Broker) (Raymond James-Broker) is the broker/dealer division of Raymond James Ltd., a diversified financial services firm headquartered in Vancouver, British Columbia. The firm was founded in 1962 and is ultimately owned by Raymond James Financial, Inc. (NYSE: RJF), a US-based diversified holding company. Raymond James-Broker provides a full array of investment services to corporate and institutional clients.

UBS Securities Canada, Inc. is a Canadian investment bank and securities firm headquartered in Toronto, Ontario. The firm is a subsidiary of UBS Holding Canada Ltd. and their ultimate parent is UBS AG (NYSE: UBS) in US. UBS Securities Canada provides execution services for their clients' orders. They consider factors such as price, size of the order, the potential for price improvement, the speed of execution, the certainty of execution, trading characteristics of the security, and the overall cost of the transaction when costs are passed on to clients. In addition, prevailing market conditions are taken into consideration when manually handling a client order, such as the direction of the market for the security, the depth of the posted market, the last sale price and volumes of previous trades, the size of the spread, and the liquidity of the security.

Osler, Hoskin & Harcourt LLP provides legal services. It offers services in the areas of business law, commercial property, communications and media, trade, construction & infrastructure, corporate finance, and intellectual property. The company was founded in 1862 and is headquartered in Toronto, ON.

Part of Cennox Group Ltd., Cennox ATM Parts Ltd. provides distribution services of spare parts for automated teller machines or cash dispensers. The company is based in Camberley, UK. The British company was founded in 1993. Cennox ATM Parts was acquired by Cennox Group Ltd. from discoverIE Group Plc on October 12, 2010 for $1.11 million.

Deloitte Corporate Finance, Inc. provides financial, accounting, tax, and other business services. The company also offers audit, financial advisory, and consulting services through locations across the country. It is located in Toronto, Canada.

Part of Ernst & Young Global Ltd., Ernst & Young, Inc. is a professional services firm based in Toronto, Canada. The Canadian company provides a range of services and solutions to help clients transform, grow, and operate. The company's services include strategy consulting, analytics consulting, people advisory services, transactions and corporate finance, assurance, tax planning, and legal services. The company also offers advanced technology, audit technology, tax technology, and managed services. Ernst & Young is committed to creating long-term value for all stakeholders and building a better working world. The CEO of the company is Jad Shimaly.

Hopewell Residential Communities, Inc. provides real estate development services. The company is headquartered in Calgary, Canada.

Wells Fargo Securities LLC (WFS) is the broker/dealer subsidiary of EVEREN Capital Corp., ultimately owned by Wells Fargo & Co. (NYSE: WFC). Headquartered in New York, WFS delivers a comprehensive suite of banking, capital markets and advisory solutions, such as a full complement of sales, trading and research capabilities, to corporate, government and institutional clients.

The Earnest Analytics engages in the development of data platform. It provides restaurants, retailers, e-commerce companies, and investment clients with critical knowledge on consumer behavior to power data-driven business decisions. The company was founded by Kevin Carson in 2012 and is headquartered in New York, NY.

Velvet Energy Ltd. operates as a crude oil and natural gas exploration firm. It specializes in early land capture, technical evaluation, exploration, and development. The company was founded in 2011 and is headquartered in Calgary, Canada.

Exempt Edge, Inc. software solutions. It offers dealer edge, issuer edge, and edgelink. The company was founded in January 2017 and headquartered in Calgary, Canada.

Olympia Benefits, Inc. provides Canadian small business owners with easy to use benefit plans. The company was founded in 1997 and is headquartered in Calgary, Canada.

Blue Sky Langsa Ltd. produces and drills oil and gas products. It manages offshore oil and gas fields. The company is headquartered in Jakarta, Indonesia.

Olympia ATM, Inc. operates as a full service ATM provider. It supplies, services, and vault cash in automatic teller machines in markets. The company is headquartered in Calgary, Canada.

Eight Capital is a 100% principal-owned, Canadian investment dealer headquartered in Toronto, Ontario. It has additional offices in Calgary, Alberta and Montreal, Quebec. The firm was founded in 2016 as Dundee Capital Partners. They offer investment banking, equity research and institutional sales & trading services to retail and institutional clients. Eight Capital provide their clients with timely market insights (with the assistance of their equity research team) across all the investment disciplines: fundamental, technical, and quantitative. Beyond the traditional market access trading provides, their traders work with clients to find unique liquidity solutions, and discreet trading solutions for large blocks of stock.

PillarFour Capital, Inc (PillarFour Capital) is an independent private equity firm founded in 2015 by Paul Colucci and Matt Colucci. The firm is headquartered in Calgary, Canada with additional office in London, UK.

Houlihan Lokey Capital, Inc. is a registered broker/dealer headquartered in Los Angeles, California. The firm was founded in 1996 and they are a subsidiary of Houlihan Lokey, Inc. (NYSE: HLI). Houlihan Lokey Capital provides an array of trading and execution services for their clients. They also have the ability to serve as underwriter or bookrunner with respect to traditional debt and equity offerings, including leveraged loans and public offerings of debt, equity-linked, and equity securities.

Invico Capital Corp (Invico Capital) is a private equity firm founded in 2005 by Jason Brooks and Allison Taylor. The firm is headquartered in Calgary, Canada.

ATB Financial /Private Equity/ (ATB Financial) is a private equity subsidiary of ATB Financial founded in 2016. The firm is headquartered in Edmonton,Canada.

Chartered Professional Accountants of Alberta operates as the professional organization representing more than 28,000 CPAs across the province. The company is headquartered in Calgary, Canada.