Temporary Order: In the Matter of Brilliante Brasilcan Resources Corp. et al.

Order
 

 

IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED

- and -

IN THE MATTER OF

BRILLIANTE BRASILCAN RESOURCES CORP., YORK RIO
RESOURCES INC., BRIAN W. AIDELMAN, JASON GEORGIADIS,
RICHARD TAYLOR AND VICTOR YORK

TEMPORARY ORDER
Sections 127(1) & 127(5)

 


WHEREAS it appears to the Ontario Securities Commission that:

1. Brilliante Brasilcan Resources Corp. (“Brilliante”) is an Ontario corporation with a registered office in Concord, Ontario;

2. York Rio Resources Inc. (“York Rio”) is an Ontario corporation with a registered office in Toronto, Ontario;

3. Brilliante and York Rio are not reporting issuers;

4. Brain W. Aidelman (“Aidelman”) is the sole director of Brilliante;

5. Victor York (“York”) is the sole director of York Rio;

6. Jason Georgiadis (“Georgiadis”) and Richard Taylor (“Taylor”) are acting as representatives of Brilliante;

7. Brilliante, York Rio, Aidelman, York, Georgiadis and Taylor are not registered in any capacity with the Commission;

8. Brilliante and York Rio have not filed a preliminary prospectus or a prospectus and the Director has not issued a receipt in respect of these companies;

9. Brilliante shares have been offered for sale, and sold to the public in Ontario and elsewhere in Canada by representatives of Brilliante;

10. Staff are conducting an investigation into the trading of Brilliante securities, and it appears that Brilliante, York Rio and their representatives, including Aidelman, Georgiadis, Taylor, and York may have engaged in the following conduct:

 

(i) trading in securities of Brilliante without proper registration or an appropriate exemption from the registration requirements under the Act contrary to section 25 of the Act;

(ii) making representations, with the intention of effecting a trade in the shares of Brilliante, that such shares will be listed on any stock exchange, contrary to section 38 of the Act;

(iii) trading in shares of Brilliante that would be a distribution of securities for which no preliminary prospectus or prospectus has been filed and no receipt has been issued by the Director contrary to section 53 of the Act; and

(iv) engaging or participating in acts or a course of conduct relating to the shares of Brilliante that they knew or ought to have known perpetrates a fraud on any person or company contrary to section 126.1 of the Act.

AND WHEREAS the Commission is of the opinion that the time required to conclude a hearing could be prejudicial to the public interest as set out in s. 127(5) of the Act;

AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;

AND WHEREAS by Commission order made April 1, 2008 pursuant to section 3.5(3) of the Act, any one of W. David Wilson, James E.A. Turner, Lawrence E. Ritchie, Paul K. Bates and David L. Knight, acting alone, is authorized to make orders under section 127 of the Act;

IT IS ORDERED pursuant to clause 2 of subsection 127(1) of the Act that all trading in the securities of Brilliante shall cease;

IT IS FURTHER ORDERED pursuant to clause 2 of subsection 127(1) of the Act that Brilliante, York Rio and their representatives, including Aidelman, Georgiadis, Taylor, and York cease trading in all securities; and

IT IS FURTHER ORDERED pursuant to subsection 127(6) of the Act that this order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by order of the Commission.

      Dated at Toronto this 21st day of October, 2008

 

 

 

" David Wilson "