Argosy Securities Inc.

The information and opinions contained herein have been compiled or arrived at from sources believed reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness. Neither Argosy nor its affiliates accepts any liability whatsoever for any loss arising from any use of this report or its contents. This report is not, and is not to be construed as, an offer to sell or solicitation of an offer to buy any securities and/or commodity futures contracts. The securities mentioned in this report may not be suitable for all investors nor eligible for sale in some jurisdictions. This research and all the information, opinions, and conclusions contained in it are protected by copyright. This report may not be reproduced in whole or in part, or referred to in any manner whatsoever, nor may the information, opinions, and conclusions contained in it be referred to without the prior express consent of Argosy. Historical analysis does not reflect future returns.  Argosy Securities Inc. (Argosy) is an IIROC registered full service dealer which offers various investment products (such as equities, mutual funds, fixed income products, etc). Any outside business activities conducted outside of this scope and listed below are not associated with Argosy. As such, Argosy does not review or supervise these outside business activities and does not share any responsibility in losses associated with these activities. If any agent, employee or representative of Argosy, including, without limitation, my Financial Advisor who is engaged in an outside business activity that is not tied directly to Argosy, makes a recommendation, the recommendation that is being made in this capacity is being made in his or her personal capacity and not in his or her capacity as an agent, employee or representative of Argosy. If any agent, employee or representative of Argosy, including, without limitation, my Financial Advisor, recommends any third parties to provide services outside the scope of Argosy Securities Inc., the recommendation is being made in his or her personal capacity and not in his or her capacity as an agent, employee or representative of Argosy.