Michel Hertel

Montréal Exchange, Inc. engages in the operation and development of market and clearing services for Canadian and international clients and to commercialize internally developed technology solutions. The Group operates in two segments, namely, Exchange and Clearing House. The Exchange segment acts as the only standardized financial derivatives exchange in Canada, providing a complete range of equity, index and interest rate derivatives. The Clearing House segment acts as clearing house and guarantor for derivative instruments traded at the MX and certain other derivative instruments from the over-the-counter market. The company is headquartered in Montreal, Canada.

Lounor Exploration, Inc. operates as natural resources company with mineral holdings. It produces ounces of gold and tones of base metal ore. The company was founded on April 24, 1953 and is headquartered in Rouyn-Noranda, Canada.