IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, as amended
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IN THE MATTER OF TRICOASTAL CAPITAL PARTNERS LLC,
TRICOASTAL CAPITAL MANAGEMENT LTD.
and KEITH MACDONALD SUMMERS
(Subsections 127(1) & 127(8))
WHEREAS on July 25, 2013, the Ontario Securities Commission (the “Commission”) issued a temporary cease trade order (the “Temporary Order”) pursuant to subsections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) ordering the following:
1. pursuant to clause 2 of subsection 127(1) and subsection 127(5) of the Act that all trading in any securities by Keith MacDonald Summers (“Summers”), Tricoastal Capital Partners LLC (“Tricoastal Partners”) and Tricoastal Capital Management Ltd. (“Tricoastal Capital”) (collectively, the “Respondents”) or their agents shall cease; and
2. pursuant to clause 3 of subsection 127(1) and subsection 127(5) of the Act that the exemptions contained in Ontario securities law do not apply to the Respondents or their agents;
AND WHEREAS the Commission ordered that pursuant to subsection 127(6) of the Act, the Temporary Order shall expire on the fifteenth day after its making unless extended by order of the Commission;
AND WHEREAS on July 26, 2013, the Commission issued a Notice of Hearing (the “Notice of Hearing”) to consider the extension of the Temporary Order, to be held on August 6, 2013 at 11:00 a.m.;
AND WHEREAS counsel for the Respondents advised Staff that they consent to a six-month extension of the Temporary Order;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;
IT IS HEREBY ORDERED that the Temporary Order is extended until February 5, 2014, or until further order of the Commission;
IT IS FURTHER ORDERED that the hearing of this matter is adjourned to February 3, 2014 at 10:00 a.m. or to such other date or time as provided by the Office of the Secretary and agreed to by the parties.
DATED at Toronto this 6th day of August, 2013.
James E. A. Turner