Privacy and Terms of Use

Use of this website

This website is owned and operated by PWL Capital Inc. (“PWL”) for your personal non-commercial use and information. Your use of this website is subject to the following terms and all applicable laws. By accessing and browsing this website, you accept, without limitation or qualification, these terms. If you do not agree with any of the terms, please do not use this website.

Exclusion of Warranties

PWL makes no representation or warranty regarding the functionality or condition of this website, its suitability for use, or that its use will be uninterrupted or error-free. ALL MATERIAL OR INFORMATION ON THIS WEBSITE IS PROVIDED TO YOU “AS IS” WITHOUT WARRANTIES OF ANY KIND. PWL DISCLAIM ALL WARRANTIES OR CONDITIONS, WRITTEN OR ORAL, STATUTORY, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION, WARRANTIES OR CONDITIONS OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. These exclusions are in addition to any specific exclusions otherwise provided in these terms and conditions. To the extent that the jurisdiction to which you are subject does not allow exclusion of certain warranties, such exclusions which are not permitted do not apply.

Limitation of Liability

PWL WILL NOT BE LIABLE FOR ANY DAMAGES, EITHER DIRECT OR INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL, FOR USE OF OR INABILITY TO USE MATERIAL, PRODUCTS OR SERVICES OF ANY KIND, DELAY OF OR PARTIAL DELIVERY, TERMINATION OF RIGHTS OR LOSS OF PROFITS, DATA, BUSINESS OR GOODWILL, WHETHER ON A CONTRACTUAL OR EXTRACONTRACTUAL BASIS, OR TO PROVIDE INDEMNIFICATION OR ANY OTHER REMEDY TO YOU OR ANY THIRD PARTY. This limitation of liability will not apply to claims relating to death or personal injury. Your sole and exclusive remedy is to discontinue using and accessing this website. To the extent that the jurisdiction to which you are subject does not allow any part of such limitation, such part does not apply.

Securities Disclaimer

PWL maintains securities licenses in Canada in the following jurisdictions:  Alberta, British Columbia, New Brunswick, Nunavut, Ontario, Quebec and Saskatchewan. This website does not constitute an offer or solicitation to residents of the US or the UK, or to anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such a solicitation. The content of the Web pages of the PWL Site are for information purposes only unless there is a specific indication to the contrary. The content does not constitute an offer to sell or purchase goods or services by or from PWL or any of its affiliates or authorised third parties. The goods and services of PWL are only available to Canadian resident residing in provinces where they can be legally offered. These goods and services are subject to the conditions defined in each individual applicable agreement. The content of these Web pages are the exclusive property of PWL and cannot be reproduced in whole or in part without the express consent of PWL except for your personal use.

Ownership and Confidentiality

Material on this website, including but not limited to text, images, illustrations, software, audio clips and video clips, is owned or otherwise provided by PWL, and PWL does not represent or warrant that such material does not infringe the rights of any other person or entity. You acknowledge that information or material which you provide electronically through your access to or usage of this website is not confidential or proprietary, except as may be required under applicable law, and acknowledge that unprotected e-mail communication over the Internet is subject to possible interception, alteration or loss. You also warrant that any information or material including ideas, concepts, know-how or techniques contained in this information which you provide to PWL electronically through your access to or usage of this website does not infringe the rights of any person or entity, and acknowledge that such information or material including ideas, concepts, know-how or techniques in this information may be used in whole or in part in any manner by PWL including, but not limited to, reproduction, retransmission, publication of such information or material for the commercial purposes of PWL or disclosure of your identity. Trademarks, logos and service marks (collectively, “Marks”) displayed on this website are registered or unregistered Marks of PWL or others, are the property of their respective owners, and may not be used without written permission of PWL or of the owner of such Marks respectively. Any information or material contained on this website which may be reproduced pursuant to these terms must bear the proprietary rights notices which originally appear on or in conjunction with such information or material.

User Submission

PWL will accept or consider unsolicited ideas. If you do submit such to us, we will consider any feedback, comment, information, suggestions, ideas or materials you submit through or in connection with this website (an “idea”) non-confidential. By providing such ideas to us, you hereby agree that we shall have, at no charge, a non-exclusive, transferable, royalty free, worldwide right and license to copy, use, make derivative words of, display and distribute any copyrights and other intellectual property rights in and to, or based upon, the ideas. We shall agree to use and/or disseminate such ideas on an unrestricted basis for any purpose. You acknowledge that you are responsible for the ideas that you provide, and that you, not PWL Capital, have full responsibility for the ideas, including their legality and copyright


PWL may monitor access to, discussions and postings on and other activities relating to the site, and intervene in relation thereto but does not make any representation or warranty that it will do so. You consent to any such monitoring and intervention in the event PWL elects to do so.


A cookie is a piece of data, typically encoded information about how and when you use a site and that a Web server creates when you visit a website. This data is placed on your computer hard drive in the form of a small text file.

There are two types of cookies: session cookies and persistent cookies. Session cookies are used only for the length of time you stay on the website. When you leave the site, they expire and are no longer active. Persistent cookies are more permanent and can be re-read when you return to the site that placed them on your computer. We use persistent cookies to identify previous visits to a new section of the website so that you are not required to view redirect information on subsequent visits.

The PWL website uses cookies to enable us to better serve you. You must enable cookies for this section of the website to function correctly. PWL does not use cookies to track any personal information about you, nor to collect any marketing data.

We do not and will not use cookies to retrieve data from your hard drive or to obtain your e-mail address or other personal information.

You may choose not to accept cookies by setting your browser options to inform you when cookies are being sent. Alternately, you can set these options to deny cookies altogether. Please note, however, that by not accepting cookies you may limit the functionality that we can provide to you when you visit our site.


Links and references to other websites are provided to you as a convenience only. PWL has not reviewed and does not expressly or impliedly endorse other websites or any information or material, or the accessibility thereof, via such links, and does not assume any responsibility for any such other websites, information or material posted thereon, or products or services offered thereon. You may not create links from other websites to this website, except if expressly permitted by PWL. (To obtain permission, contact Martin Dallaire at

Accuracy of Information

While PWL tries to update the information or materials on this website as often as possible, no assurance is given that information or material on this website is up-to-date, accurate, error-free or complete.


PWL does not represent or warrant that the information or materials, accessed from or through this website will be uninterrupted or free of errors, defects, viruses or other harmful components, or that any such problems which are discovered will be corrected.

Damage to Others

You agree not to introduce into or through this website any information or materials which may be harmful to others. Among other things, you agree not to include, knowingly or otherwise, any error or defect in material or information which may, among other things, be a libel, slander, defamation or obscenity, or promote hatred or otherwise give rise to a criminal offence or civil liability on the part of any person or entity.

Reserve of Rights

All rights not expressly granted in these terms are reserved to PWL. Nothing contained in these terms shall be construed as conferring by implication, estoppel or otherwise any license or right under any copyright, patent, trademark or other intellectual right of PWL or any other person or entity.

Governing Law

This site is controlled and operated by PWL from Montreal, Quebec and these terms shall be governed by the laws of Quebec and the applicable laws of Canada without reference to principles of conflict of laws. You agree to be bound by such laws and to submit to the jurisdiction of the courts of Quebec in connection with the interpretation or application of these terms.

Changes to Terms

PWL may modify, alter or otherwise update the terms applicable to this website from time to time without notice, and you agree to be bound by such terms as are in effect at the time at which you access PWL website.


This website is controlled and operated by PWL from Montreal, Quebec. PWL makes no representation that materials on the website are appropriate or available for use in other locations. Those who choose to access this website from other locations do so on their own initiative and are responsible for compliance with local laws, if and to the extent local laws are applicable.


All product names appearing in type form different from that of the surrounding text are trademarks owned by or licensed to PWL, its subsidiaries or affiliates.


These terms and conditions apply while you are accessing the website and remain in effect thereafter.