Permanent issuer cease-trade order revoked where the issuer has remedied its default in respect of disclosure requirements under the Act.
Securities Act, R.S.O. 1990, c. S.5, as am., ss. 127(1)2, 144.
IN THE MATTER OF
THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
IN THE MATTER OF
GENESIS LAND DEVELOPMENT CORP.
WHEREAS on April 27, 2009, the Director made an order under paragraph 2 and paragraph 2.1 of subsection 127(1) of the Act (the "Permanent Order") that all trading in and acquisitions of the securities of
GENESIS LAND DEVELOPMENT CORP. (the "Reporting Issuer")
whether direct or indirect, cease until the Permanent Order is revoked by the Director;
AND WHEREAS the Permanent Order was made on the basis that the Reporting Issuer was in default of certain filing requirements under Ontario securities law;
AND WHEREAS the Reporting Issuer has represented to the Commission that:
1. The Reporting Issuer is a reporting issuer under the securities legislation of the provinces of Alberta, British Colombia, Saskatchewan, Manitoba, Ontario, Nova Scotia and Prince Edward Island (the "Reporting Jurisdictions").
2. The Reporting Issuer has filed with the Reporting Jurisdictions all outstanding continuous disclosure that is required to be filed under the securities legislation of the Reporting Jurisdictions, except any continuous disclosure that staff of the Reporting Jurisdictions elected not to require as contemplated in part 3.1(2) and 3.1(3) of National Policy 12-202 Revocation of a Compliance-Related Cease Trade Order, and has paid all outstanding activity, participation and late filing fees that are required to be paid.
3. The Reporting Issuer's SEDAR profile and SEDI issuer profile supplement are up-to-date.
AND WHEREAS the Director is of the opinion that it is not prejudicial to the public interest to revoke the Permanent Order;
IT IS ORDERED under section 144 of the Act that the Permanent Order is revoked.
DATED at Toronto this 14th day of May, 2009.