Canadian Warrants

Additional information on the warrant offering may be found in the company's short-form prospectus dated Jan. 4, 2010, which is available at SEDAR. Capitalized terms used but not otherwise defined are as defined in the prospectus.

Warrants may be exercised at any time during the period commencing at market open (Toronto time) on Jan. 18, 2010, and ending at the expiry date. Warrants not exercised prior to the expiry date will be void and of no value.

The company uses the book-entry only system with respect to the Class A shares and the preferred shares and the book-based system with respect to the warrants, both of which are administered by CDS Clearing and Depository Services Inc. The company may also use the non-certificated issue system or another system administered by CDS.

A warrantholder may subscribe for the resulting whole number of units or any lesser whole number of units by instructing the participant in CDS holding the subscriber's warrants to exercise all or a specified number of such warrants and forwarding the subscription price for each unit subscribed for in accordance with the terms of the offering and the warrant indenture to the CDS participant that holds the subscriber's warrants.

The subscription price is payable in Canadian funds by certified cheque, bank draft or money order drawn to the order of a CDS participant, by direct debit from the subscriber's brokerage account or by electronic funds transfer or other similar payment mechanism. All payments must be forwarded to the appropriate office of the CDS participant. The entire subscription price for units subscribed for must be paid at the time of subscription and must be received by the warrant agent prior to the expiry date. If mail is used for delivery of subscription funds, for the protection of the subscriber "certified mail return receipt requested" should be used and sufficient time should be allowed to avoid the risk of late delivery. A subscriber subscribing through a CDS participant must deliver its payment and instructions sufficiently in advance of the expiry date to allow the CDS participant to properly exercise the warrants on such subscriber's behalf. Warrantholders are encouraged to contact their broker or other CDS participant as each CDS participant may have an earlier deadline for receipt of instructions and payment.

Subscriptions for units made in connection with the offering through a CDS participant will be irrevocable and subscribers will be unable to withdraw their subscriptions for units once submitted. Warrantholders who wish to exercise their warrants and receive units are reminded that because warrants must be exercised through a CDS participant, a significant amount of time may elapse from the date of exercise and the date the units issuable upon the exercise thereof are issued to the subscriber.

Each warrantholder that subscribes for all of the units to which such holder is entitled pursuant to the basic subscription privilege may, at any time during the exercise period, subscribe for additional units pursuant to the additional subscription privilege, if applicable, at a price equal to the subscription price for each additional unit. Warrantholders must exercise all of their warrants under the basic subscription privilege to be eligible for the additional subscription privilege. To apply for additional units under the additional subscription privilege, a beneficial holder of warrants must forward their request to a CDS participant prior to the expiry date. Payment for additional units, in the same manner as for units, must accompany the request when it is delivered to the CDS participant. Any excess funds will be returned by mail or credited to a subscriber's account with its CDS participant without interest or deduction. Payment in full of the subscription price must be received by the warrant agent prior to the expiry date, failing which the subscriber's entitlement to such units will terminate. Accordingly, the subscriber must deliver payment and instructions sufficiently in advance of the expiry date to allow the CDS participant to properly apply for additional units under the additional subscription privilege, as applicable.

The Class A shares and the preferred shares are not registered under the 1933 act. The offering is made in Canada and not outside of Canada. The offering is not, and under no circumstances is to be construed as, an offering of any Class A shares or preferred shares for sale in the United States or an offering to or for the account or benefit of any U.S. person or a solicitation therein of any offer of shares. Accordingly, neither a subscription for units pursuant to the basic subscription privilege nor an application for additional units pursuant to the additional subscription privilege will be accepted from any person, or his agent, who appears to be, or who the company has reason to believe is, a national or resident of the United States. Each CDS participant for a shareholder resident outside of Canada will, prior to the expiry date, attempt to sell the warrants allotable to such shareholder at the price or prices it determines in its discretion. Any proceeds received by the CDS participant with respect to the sale of warrants, net of brokerage fees and costs incurred and, if applicable, of Canadian tax required to be withheld, will be delivered by mailing cheques (in Canadian funds and without payment of any interest) as soon as practicable to such shareholder whose warrants were sold, at the shareholder's last recorded address. Amounts of less than $1 will not be forwarded.

The warrants will be governed by the terms of a warrant indenture dated as of Jan. 4, 2010, between the manager, on behalf of the company and Computershare Trust Company of Canada, as warrant agent. The warrant indenture provides for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.

Within 30 days of the proper exercise of a warrant, the company will pay a fee of 25 cents per warrant to the dealer whose client exercised the warrant.

Toronto Stock Exchange has been advised the company has not retained the services of any securities dealer or broker to solicit subscriptions for shares and will not pay any fee or commission for soliciting such subscriptions.