Pathfinder Convertible Debenture Fund filed a Notice of Intention and received approval from the Toronto Stock Exchange to commence a normal course issuer bid on December 12, 2012. Under the bid, the fund will repurchase up to 934,852 units, representing 10% of the public float and total outstanding units. Repurchases will be made on the TSX.

Pathfinder will hold in treasury for resale all units purchased under the bid. In any 30 day period, the company can purchase not more than 186,970 units, representing 2% of the units issued and outstanding. The bid will commence on December 14, 2012 and will terminate on December 13, 2013.

As of December 5, 2012, the company has 9,348,525 units issued and outstanding.