Capital Markets Technologies Inc. was ordered to pay a total of $15,000 in penalties as part of a settlement agreement approved today by the Prince Edward Island Superintendent of Securities.

The company was also ordered to offer a return of investment to some Island investors, was prohibited from exempt market capital-raising activities in PEI for a period of five years, and was ordered to prepare and deliver audited financial statements for the past three years. In Canada, the exempt market involves the sale of private investments which do not require that investors be provided with a prospectus, an information disclosure document that is reviewed and cleared by securities regulators prior to any sale.

Capital Markets Technologies Inc. was involved in distributing securities to Prince Edward Island residents in a manner that did not comply with Prince Edward Island securities law.

Between July 2010 and December 2012, Capital Markets Technologies Inc. raised approximately $700,000 from 36 Prince Edward Island investors without properly relying on the accredited investor exemption to the prospectus requirement under Canadian securities laws.

The Superintendent ordered that Capital Markets Technologies Inc.:

• pay an administrative penalty in the amount of $10,000;

• pay costs of the investigation in the amount of $5,000;

• be prohibited for five years from raising new capital in Prince Edward Island under exemptions from the prospectus requirement;

• offer a refund to all PEI investors other than those who meet the criteria of an accredited investor under securities law;

• prepare and deliver to the Superintendent audited financial statements for fiscal years 2010, 2011 and 2012.

A copy of the Order approving the Settlement Agreement, including an agreed statement of facts, is available at www.gov.pe.ca/securities.