Policies or Program

• Refraction Asset Management (RAM) is a privately held investment manager specializing in energy investments. RAM continuously invests heavily in developing its technology and has a suite of in house proprietary software to identify and analyze investment opportunities. Refraction has newly identified a pipeline of direct asset investments in emerging market economies and is seeking an endorsement from the Government of Canada. This recognition by the Government of Canada lends credibility to Refraction in jurisdictions where it is not well-known and it also enhances the potential of transparent and fair dealing in accordance with Canadian investment standards.