Proceedings

IN THE MATTER OF

THE SECURITIES ACT

R.S.O. 1990, c. S.5, AS AMENDED


AND


IN THE MATTER OF

MICHAEL OMER BOURGON


ORDER

(Section 127)


WHEREAS on Janauary 15, 2001, the Ontario Securities Commission (the "Commission") issued a notice of hearing pursuant to subsection 127(1) of the Securities Act, R.S.O. 1990, Chap. S.5, as amended (the "Act"), in respect of Michael Omer Bourgon ("Bourgon");

AND WHEREAS on March 8, 2001, counsel for Staff of the Commission and Bourgon, acting on his own behalf, appeared before the Commission and requested on consent that this proceeding be adjourned to Wednesday, April 4, 2001, for the purpose of permitting the parties to consider a settlement of these proceedings or, failing which, to set a date for the hearing of these proceedings;

AND WHEREAS ON April 4, 2001, counsel for Staff of the Commission appeared before the Commission, neither Bourgon nor anyone on his behalf appearing, and requested that this proceeding be adjourned sine die returnable on five business days notice;

AND UPON reviewing the Statement of Allegations of Staff of the Commission and on hearing the submissions of Staff;

AND WHEREAS by Commission order made March 9, 2001, pursuant to section 3.5(3) of the Act, any one of David A. Brown, Howard I. Wetston and Paul M. Moore, acting alone, is authorized to grant adjournments and set dates for hearings;

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

IT IS HEREBY ORDERED THAT this proceeding is adjourned sine die returnable on five business days notice.

April 4, 2001.

Paul Moore