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CANADIAN TRADING AND QUOTATION SYSTEM INC.

(CNQ)

AMENDMENTS TO POLICY 6

AMENDMENT OF WARRANT TERMS

NOTICE OF COMMISSION APPROVAL

On September 11, 2007, the Ontario Securities Commission approved amendments to CNQ Policy 6 Distributions (the Policy) regarding amendment of warrant terms.

The proposed amendments to the Policy were published for comment on May 4, 2007 at (2007) 30 OSCB 4264.

No submissions were received during the comment period. Some non-material changes have been made to the amendments to the Policy that were originally proposed and published, and a black-lined version highlighting these particular approved amendments is included in Chapter 13 of this Bulletin.

September 21, 2007