National Instrument 81-106 Investment Fund Continuous Disclosure
Part 1 Definitions and Application
Section 1.1 Definitions

independent valuation

independent valuation” means a valuation of the assets and liabilities, or of the
venture investments, of a labour sponsored or venture capital fund that contains
the opinion of an independent valuator as to the current value of the assets and
liabilities, or of the venture investments, and that is prepared in accordance with
Part 8;