Proceedings

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IN THE MATTER OF
GLOBAL 8 ENVIRONMENTAL TECHNOLOGIES, INC., HALO PROPERTY SERVICES
INC., CANADIAN ALTERNATIVE RESOURCES INC., RENÉ JOSEPH
BRANCONNIER and CHAD DELBERT BURBACK


Mark J. Sandler, Chair of the Panel

August 9, 2017


ORDER

Subsections 127(1) and 127(10) of the
Securities Act, RSO 1990, c S.5

WHEREAS the Ontario Securities Commission held a hearing in writing, in relation to an application by Staff of the Commission (Staff) for an order imposing sanctions pursuant to subsections 127(1) and 127(10) of the Securities Act, RSO 1990, c S.5 (the Act);

ON READING the materials filed by the representatives of Staff and of René Joseph Branconnier (Branconnier), no one participating for Global 8 Environmental Technologies, Inc. (Global) Halo Property Services Inc. (Halo), Canadian Alternative Resources Inc. (CAR) and Chad Delbert Burback (Burback);

IT IS ORDERED:

  1. Against Branconnier that:
    1. Pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by Branconnier cease until the later of (i) February 2, 2036 and (ii) the date on which all monetary orders in the Order for which Branconnier is responsible have been paid in full to the ASC, except he is not precluded from trading in securities through a registrant (who has first been given a copy of the Order and a copy of the order in this proceeding) in:
      1. registered retirement savings plans, registered retirement income funds, registered education savings plans or tax-free savings accounts (as defined in the Income Tax Act (Canada)) or locked-in retirement accounts for the benefit of one or more of Branconnier, his spouse and his dependent children;
      2. one other account for Branconnier's benefit; or
      3. both;
    2. Pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of any securities by Branconnier cease until the later of (i) February 2, 2036 and (ii) the date on which all monetary orders in the Order for which Branconnier is responsible have been paid in full to the ASC, except he is not precluded from purchasing securities through a registrant (who has first been given a copy of the Order and a copy of the order in this proceeding) in:
      1. registered retirement savings plans, registered retirement income funds, registered education savings plans or tax-free savings accounts (as defined in the Income Tax Act (Canada)) or locked-in retirement accounts for the benefit of one or more of Branconnier, his spouse and his dependent children;
      2. one other account for Branconnier's benefit; or         
      3. both;
    3. Pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to Branconnier until the later of (i) February 2, 2036 and (ii) the date on which all monetary orders in the Order for which Branconnier is responsible have been paid in full to the ASC;
    4. Pursuant to paragraphs 7, 8.1 and 8.3 of subsection 127(1) of the Act, Branconnier resign any positions that he holds as a director or officer of any issuer, registrant or investment fund manager; and
    5. Pursuant to paragraphs 8, 8.2 and 8.4 of subsection 127(1) of the Act, Branconnier be prohibited from becoming or acting as a director or officer of any issuer, registrant or investment fund manager until the later of (i) February 2, 2036 and (ii) the date on which all monetary orders in the Order for which Branconnier is responsible have been paid in full to the ASC;
  2. Against Burback that:
    1. Pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by Burback cease until the later of (i) February 2, 2028 and (ii) the date on which all monetary orders in the Order for which Burback is responsible have been paid in full to the ASC, except he is not precluded from trading in securities through a registrant (who has first been given a copy of the Order and a copy of the order in this proceeding) in:
      1. registered retirement savings plans, registered retirement income funds, registered education savings plans or tax-free savings accounts (as defined in the Income Tax Act (Canada)) or locked-in retirement accounts for the benefit of one or more of Burback, his spouse and his dependent children;
      2. one other account for Burback's benefit; or
      3. both;
    2. Pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of any securities by Burback cease until the later of (i) February 2, 2028 and (ii) the date on which all monetary orders in the Order for which Burback is responsible have been paid in full to the ASC, except he is not precluded from purchasing securities through a registrant (who has first been given a copy of the Order and a copy of the order in this proceeding) in:
      1. registered retirement savings plans, registered retirement income funds; registered education savings plans or tax-free savings accounts (as defined in the Income Tax Act (Canada)) or locked-in retirement accounts for the benefit of one or more of Burback, his spouse and his dependent children;
      2. one other account for Burback's benefit; or
      3. both;
    3. Pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to Burback until the later of (i) February 2, 2028 and (ii) the date on which all monetary orders in the Order for which Burback is responsible have been paid in full to the ASC;
    4. Pursuant to paragraphs 7, 8.1 and 8.3 of subsection 127(1) of the Act, Burback resign any positions that he holds as a director or officer of any issuer, registrant or investment fund manager; and
    5. Pursuant to paragraphs 8, 8.2 and 8.4 of subsection 127(1) of the Act, Burback be prohibited from becoming or acting as a director or officer of any issuer, registrant or investment fund manager until the later of (i) February 2, 2028 and (ii) the date on which all monetary orders in the Order for which Burback is responsible have been paid in full to the ASC;
  3. Against Global that:
    1. Pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities of Global be prohibited permanently;
    2. Pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by Global cease permanently, except that Global be permitted to trade securities of Global for which a filed (final) prospectus has been receipted by the Director of the Commission;
    3. Pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of any securities by Global be prohibited permanently, except that Global be permitted to acquire securities of Global for which a filed (final) prospectus has been receipted by the Director of the Commission;
    4. Pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to Global permanently; and
  4. Against Halo that:
    1. Pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities of Halo be prohibited permanently;
    2. Pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by Halo be prohibited permanently;
    3. Pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of any securities by Halo be prohibited permanently; and
    4. Pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to Halo permanently;
  5. Against CAR that:
    1. Pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities of CAR be prohibited permanently;
    2. Pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by CAR be prohibited permanently;
    3. Pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of any securities by CAR be prohibited permanently; and
    4. Pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to CAR permanently.

 



" Mark J. Sandler "
Mark J. Sandler