In an ongoing effort by the Autorité des marchés financieres ("AMF") to harmonize Québec’s securities laws with other Canadian jurisdictions, the AMF will adopt Regulation 45-106 Respecting Prospectus and Registration Exemptions ("NI 45-106") on September 14, 2005. Combined with the repeal of certain sections of the Regulation Respecting Securities ("Regulation") on August 24th, 2005, issuers and brokers in Québec will now have access to a greater pool of potential investors and a capital raisin