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## 30. RELATED PARTIES: 

 Lantic has outstanding redeemable Class B shares of $44.5 million that are retractable and can be settled at Lantic’s option by delivery of a note receivable from the same party, Belkorp Industries Inc., having the same value.The note receivable bears no interest and has no fixed terms of repayment. The Class B shares are entitled to vote, but on a pro rata basis at a meeting of shareholders of Lantic. Under the terms of a voting trust agreement between Belkorp Industries Inc. and Rogers, Rogers is entitled to vote the Class B shares so long as they remain outstanding. Due to the fact that Lantic has the intent and the legal right to settle the note receivable with the redeemable preferred shares, these amounts have been offset and, therefore, are not presented on the consolidated statements of financial position. 

 Belkorp Industries Inc. also controls, through Lantic Capital, the two Lantic Class C shares issued and outstanding.The Class C shares entitle Lantic Capital to elect five of the seven directors of Lantic, but has no other voting rights at any meetings of shareholders of Lantic, except as may be required by law. 

## 31. SEGMENTED INFORMATION: 

 The Company has one operating segment and therefore one reportable segment. 

Revenues were derived from customers in the following geographic areas: 

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