Proceedings

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IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c.S.5, AS AMENDED  

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IN THE MATTER OF
MOMENTAS CORPORATION, HOWARD RASH,
ALEXANDER FUNT, SUZANNE MORRISON
AND MALCOLM ROGERS

TEMPORARY ORDER
SECTION 127(7)

    WHEREAS on the 9th day of June, 2005, the Ontario Securities Commission (the "Commission") ordered, pursuant to paragraph 2 of subsection 127(1) of the Securities Act, R.S.O. 1990, C.s.5, as amended (the "Act"), that all trading by Momentas Corporation and its officers, directors, employees and/or agents in securities of Momentas shall cease (the "Temporary Order");

    AND WHEREAS the Commission further ordered as part of the Temporary Order that, pursuant to paragraph 2 of subsection 127(1) of the Act, all trading in any securities by Rash, Funt and Morrison shall cease;

    AND WHEREAS the Commission further ordered as part of the Temporary Order that, pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to Momentas, Rash, Funt and Morrison;

    AND WHEREAS the Commission further ordered as part of the Temporary Order that, pursuant to paragraph 6 of subsection 127(1) of the Act that the Temporary Order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by the Commission;

    AND WHEREAS on the 23rd day of June, 2005, the Commission issued a Notice of Hearing pursuant to subsection 127(1) and section 127.1 of the Act and an accompanying Statement of Allegations.

    AND WHEREAS Momentas, Rash, Funt and Morrison consent to an extension of the Temporary Order until July 8, 2005.

    IT IS ORDERED that:

  1. the hearing to consider whether to extend the Temporary Order made by the Commission is adjourned until July 8, 2005 at 2:30 p.m.; and
  2. the Temporary Order issued is continued until the hearing on July 8, 2005 , or until further order of this Commission.

 


Dated at Toronto this "24" day of June, 2005.

 

"Wendell S. Wigle "
"David L. Knight "
Wendell S. Wigle
David L. Knight