Proceedings

IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, CHAPTER S.5, AS AMENDED (THE "Act")
AND
IN THE MATTER OF
DIAMONDWORKS LTD.
TEMPORARY CEASE TRADE ORDER

 

WHEREAS IT APPEARS to the Ontario Securities Commission (the "Commission") that:

1. DiamondWorks Ltd. ( the "Company") is a reporting issuer in Ontario.

2. The common shares of the Company are listed for trading on The Toronto Stock Exchange ("TSE").

3. At the request of the Company, trading in the shares of the Company was halted on January 29, 1999 on the TSE, pending clarification of the affairs of the Company.

4. On January 29, 1999, the Commission ordered that trading in the securities of the Company cease immediately for a period of fifteen days from the date of its order (the "Temporary Order") unless extended by order of the Commission.

AND WHEREAS the Company has requested that the Temporary Order be extended;

AND WHEREAS the Commission is of the opinion that it is in the public interest that the Temporary Order be extended;

IT IS HEREBY ORDERED pursuant to subsection 127(8) of the Act that the Temporary Order be extended until 3:00 p.m. (Toronto time) on February 26, 1999.

February 12th, 1999.


"J. A. Geller"