Proceedings

 

IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED (the "Act")

AND

IN THE MATTER OF
MICHAEL ZUK, MICHAEL SHVEY, RICHARD HAMILTON and JOHN WINTER

ORDER
(Section 127)

WHEREAS on June 8, 2000 the Ontario Securities Commission (the "Commission")made a temporary order pursuant to subsection 127(5) of the Act, that none of theRespondents shall trade in any securities of Dura Products International Inc. ("Dura"),subject to the terms set out in the order, for a period of 15 days from the date of the order;

AND WHEREAS on June 8, 2000 the Commission issued a Notice of Hearingpursuant to subsection 127(9) of the Act;

AND WHEREAS it appears to the Commission that:

1. Dura is incorporated under the laws of Canada and is a reporting issuer in theProvince of Ontario.

2. Each of Michael Zuk, Michael Shvey, Richard Hamilton and John Winter (the"Respondents") is, or was during the financial year of Dura ended December 31,1999, a director, officer or significant shareholder (beneficial ownership of 10% ormore of the voting rights of Dura) or individual that has, or may have, access tomaterial undisclosed information of Dura.

3. Dura failed to file annual financial statements for its financial year ended December31, 1999 (the "1999 Financial Statements") on or before May 19, 2000, contrary tosubsection 78(1) of the Act.

4. As of the date of this order, Dura has not filed its 1999 Financial Statements.

AND WHEREAS the Commission is of the opinion that it is in the public interest tomake this Order;

IT IS ORDERED pursuant to paragraph 2 of subsection 127(1) of the Act that alltrading by the Respondents in the securities of Dura shall cease until:

(a) two full business days following the receipt by the Commission of all filings Dura isrequired to make pursuant to Ontario securities law; or

(b) further order of the Commission.

June 22nd, 2000.

"J. A. Geller"
"Morley P. Carscallen"
"R. Stephen Paddon"