EARLY WARNING REPORT UNDER
NATIONAL INSTRUMENT 62 - 103
ALTERNATIVE MONTHLY REPORTING SYSTEM
ALTERNATIVE REPORTER: MACKENZIE FINANCIAL CORPORATION
180 Queen Street West
Toronto, Ontario
M5V 3K1
REPORTING ISSUER: Arise Technologies Corporation
REPORT FOR END OF: December 2008
REPORT OF SHARE ACTIVITY:
Mackenzie Financial Corporation (“Mackenzie”) reports that as a result of sales of common
shares of Arise Technologies Corporation (“Arise Technologies”) by one or more of its mutual
fund and private client managed accounts, the aggregate number of common shares of Arise
Technologies held by all of Mackenzie’s managed accounts on December 31, 2008 was
14,519,000 common shares, representing approximately 11.5% of all outstanding common
shares.
CHANGE FROM PREVIOUS REPORT:
Mackenzie’s previous report dated June 10, 2008, reported holdings of 16,322,100 common
shares of Arise Technologies, representing approximately 13.6% of all the outstanding common
shares on behalf of Mackenzie’s mutual fund and private client managed accounts as at May 31,
2008. Since June 1, 2008, there has been a decrease of 1,803,100 common shares, representing a
decrease of 2.1% of the total outstanding common shares within Mackenzie’s mutual fund and
private client managed accounts.
BENEFICIAL OWNERSHIP, CONTROL OR DIRECTION:
Mackenzie specifically disclaims any beneficial ownership of the reported common shares, but
as investment manager it maintains exclusive power to exercise investment control or direction
over such common shares for its managed accounts as the beneficial owners.
PURPOSE OF THE REPORT:
The common shares were disposed in the ordinary course of business, for investment purposes
only and not for the purpose of exercising control or direction over Arise Technologies.
Mackenzie managed accounts may from time to time acquire additional common shares, dispose
of some or all of the existing or additional common shares or may continue to hold the common
shares.
RELIANCE ON EXEMPTION:
This report is issued under the Alternative Monthly Reporting System described in National
Instrument 62 - 103. Neither Mackenzie nor any of its managed accounts presently intend to:
a) make a formal take-over bid for any common shares of Arise Technologies;
b) propose a transaction that would constitute a take-over bid in reliance on an
exemption in the Securities Act (Ontario); or
c) propose a reorganization, amalgamation, merger, arrangement or similar business
combination with Arise Technologies which would result in Mackenzie’s managed
accounts controlling the company, alone or with others.
CERTIFICATION:
To the best of its knowledge:
a) Mackenzie and its managed accounts do not in the ordinary course of business
receive material facts or changes about Arise Technologies which have not been
publicly disclosed;
b) Mackenzie is eligible to file this Alternative Monthly Reporting System report
pursuant to the National Instrument;
c) Mackenzie is not a joint actor with anyone else in connection with this report; and
d) Mackenzie and its managed accounts have not entered into any agreements with Arise
Technologies in connection with the sales.
CONTACT PERSON:
For further information, contact: Clyde Roach
Telephone: (416) 922-5322, extension 4074
DATE AND SIGNATURE:
This report is dated January 9, 2009 and is signed by an authorized officer of Mackenzie.
MACKENZIE FINANCIAL CORPORATION
“D. Lynn Vickers”
_______________________________________
D. Lynn Vickers
Vice-President, Chief Compliance Officer
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