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
PATRICIA McLEAN (“McLean”)

ORDER
(Sections 127 and 127.1)



WHEREAS on July 11, 2005, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to sections 127 and 127.1 of the Act in respect of McLean and others;

AND WHEREAS McLean and Staff of the Commission entered into a settlement agreement dated September 8, 2008 (the “Settlement Agreement”) in which they agreed to a settlement of the proceeding subject to the approval of the Commission;

AND WHEREAS the Commission has reviewed the Settlement Agreement and has heard the submissions from counsel for McLean and for Staff of the Commission;

AND WHEREAS McLean has undertaken to the Commission that she will not apply to the Commission for registration in any capacity contemplated by the Act for a period of five (5) years;

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

IT IS HEREBY ORDERED THAT:

1. The Settlement Agreement attached to this Order is hereby approved;

2. Pursuant to section 127 of the Act:
a. McLean shall cease trading in any securities for a period of five (5) years with the exception that McLean will be permitted to trade in securities in one RRSP account in her name and one non-RRSP account in her name (collectively, the “Personal Accounts”), and in one corporate account (the “Corporate Account”), each account to be held at a full service dealer registered with the Commission (which accounts have been identified by McLean in writing to Staff of the Commission), if: (i) with respect to the Corporate Account, any trading is limited to trading only in Government of Canada Treasury Bills;

(ii) with respect to the Personal Accounts,
(a) the securities traded are listed on the Toronto Stock Exchange, the TSX Venture Exchange, the New York Stock Exchange, NASDAQ or the Chicago Board Options Exchange; or

(b) the securities traded are referred to in clauses 1 or 2 of subsection 35(2) of the Act; and

(c) neither McLean nor any member of her family is an insider, partner or promoter of the issuer of the securities; and

(d) McLean does not own directly or indirectly more than one percent of the outstanding securities of any class of the issuer.
b. Any exemptions contained in Ontario securities law shall not apply to McLean for a period of five (5) years from the date of this Order;

c. McLean shall be reprimanded;

d. McLean shall be banned for a period of ten (10) years from acting as an officer or director of any reporting issuer or registrant; and
3. Pursuant to section 127.1 of the Act, McLean shall pay the costs of the investigation of this matter in the amount of $10,000.00 within 90 days of this Order.

Dated at Toronto on this 8th day of September 2008.


“James E. A. Turner”
James E. A. Turner
“Margot C. Howard”
Margot C. Howard