Proceedings


IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, C. S.5, AS AMENDED
AND
IN THE MATTER OF
TACTMAN INVESTMENTS (CANADA) INC.,
AND TANRICH INVESTMENT CONSULTANT (OVERSEAS) LTD.
ORDER
(Section 127)

WHEREAS on the 5th day of November, 1995, the Ontario SecuritiesCommission (the "Commission") ordered pursuant to section 127(5) of the SecuritiesAct, R.S.O. 1990, c. S.5, as amended (the "Act") that all trading in securities issuedby Tactman Investments (Canada) Inc. ("Tactman") and Tanrich Investment Consultant(Overseas) Ltd. ("Tanrich") cease for a period of fifteen days from the day hereof (the"Temporary Order");

AND WHEREAS Tanrich has advised staff of the Commission that Tanrich doesnot intend to retain an agent to represent Tanrich before the Commission;

AND WHEREAS on the 14th day of November, 1995, on consent of Tactman,the hearing was adjourned sine die and the Temporary Order extended until theconclusion of the hearing;

AND WHEREAS Tactman and Tanrich have been served with a Notice of Returnof Hearing returnable December 18, 1998;

AND WHEREAS the hearing on December 18, 1998 was adjourned to January26, 1999 at 2:30 p.m. at the request of counsel for Tactman;

AND WHEREAS the Commission is of the opinion that it is in the public interestto do so;

IT IS ORDERED pursuant to section 127(1) of the Act:

(a) that all trading in securities, including foreign exchange contracts, issued byTactman and Tanrich cease permanently from the date hereof until such timeas either: (1) Tactman and Tanrich have filed with the Commission a preliminaryprospectus and a prospectus and have obtained receipts therefor from theDirector; or (2) Tactman and Tanrich have obtained an exemption order undersection 74 of the Act from the Commission.

January 26th, 1999.

"J. F. Howard"             "R. Stephen Paddon"