Wayne Phipps

Cormark Securities

Cormark Securities Inc. is a leading independent investment dealer counseling Canadian and international institutional investors and a wide variety of growth oriented companies from our offices in Toronto and Calgary. Established in 1981 as Sprott Securities, Cormark has evolved into an industry leader recognized for its knowledge and commitment to the mid-cap and emerging growth market. We have been rated Canada's #1 small/mid cap brokerage firm by institutional investors for five of the last seven years, as compiled by Brendan Wood International. While the origins of the firm date back over 30 years, the current firm began to take shape when 12 original principals purchased the business in two tranches during 2000 and 2002. We are proud to have a total of 37 partners and almost 100 shareholders in the business today, including many of the 12 original principals.