TSX Venture short positions

Short positions outstanding at Jan. 15/12 (with changes from Dec. 31/11).

Largest short positions

Mega Precious Metals MGP3955706-166044

Sandstorm Gold  SSL351033536197

Great Western Minerals GWG3029830292275

Aurcana                AUN1299854-184802

Roxgold              ROG1240200-90900

Ucore Rare Metals UCU675084663197

Probe Mines            PRB643378-153

Gold Canyon Resources GCU4047114209

Emgold Mining         EMR404000-12500

Rio Alto Mining RIO386794186791

St. Elias Mines SLI378400318478

Luna Gold            LGC376239-869400

Royal Coal           RDA333600-2600

Metanor Resources MTO324412-4313

Kaminak Gold        KAM30552447352

Largest increase in short position

Ucore Rare Metals UCU675084663197

St. Elias Mines SLI378400318478

Great Western Minerals GWG3029830292275

Excelsior Mining MIN286400260000

Riverstone Resources RVS299181252240

Largest decrease in short position

Oceanic Iron Ore FEO2346-1747907

Midlands Minerals MEX119000-893941

Luna Gold           LGC376239-869400

Bcgold              BCG75000-318762

Uragold Bay           UBR241-267759

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